Document:

Exhibit 4.4

                             1999 Stock Option Plan

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                               WORKFIRE.COM, INC.
                             1999 STOCK OPTION PLAN

1.   PURPOSE; EFFECTIVENESS OF THE PLAN.

     (a)  The purpose of this Plan is to advance the interests of the
          Company and its stockholders by helping the Company obtain and
          retain the services of employees, officers, consultants, and
          directors, upon whose judgment, initiative and efforts the
          Company is substantially dependent, and to provide those persons
          with further incentives to advance the interests of the Company.

     (b)  This Plan will become effective on the date of its adoption by the
          Board provided the Plan is approved by the stockholders of the
          Company (excluding holders of shares of Stock issued by the Company
          pursuant to the exercise of options granted under this Plan) within
          twelve months before or after that date.  If the Plan is not so
          approved by the stockholders of the Company any options granted under
          this Plan will be rescinded and will be void. This Plan will remain
          in effect until it is terminated by the Board or the Committee (as
          defined hereafter) under section 9 hereof, except that no ISO (as
          defined herein) will be granted after the tenth anniversary of the
          date of this Plan's adoption by the Board. This Plan will be governed
          by, and construed in accordance with, the laws of the State of
          Colorado.

2.       CERTAIN DEFINITIONS.

Unless the context otherwise requires, the following defined terms (together
with other capitalized terms defined elsewhere in this Plan) will govern the
construction of this Plan, and of any stock option agreements entered into
pursuant to this Plan:

     (a)  "10% Stockholder" means a person who owns, either directly or
          indirectly by virtue of the ownership attribution provisions set
          forth in Section 424(d) of the Code at the time he or she is granted
          an Option, stock possessing more than ten percent (10%) of the total
          combined voting power or value of all classes of stock of the Company
          and/or of its subsidiaries;

     (b)  "1933 Act" means the federal Securities Act of 1933, as amended;

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

     (d)  "Called for under an Option," or words to similar effect, means
          issuable pursuant to the exercise or an Option;

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Workfire.com, Inc. Stock Option Plan
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     (e)  "Code" means the Internal Revenue Code of 1986, as amended
          (references herein to Sections of the Code are intended to refer to
          Sections of the Code as enacted at the time of this Plan's adoption
          by the Board and as subsequently amended, or to any substantially
          similar successor provisions of the Code resulting from
          recodification, renumbering or otherwise);

     (f)  "Committee" means a committee, known as the Compensation Committee,
          of two or more Disinterested Directors, appointed by the Board, to
          administer and interpret this Plan; provided that the term "Committee"
          will refer to the Board during such times as no Committee is appointed
          by the Board;

     (g)  "Company" means Workfire.com, Inc.

     (h)  "Disability" has the same meaning as "permanent and total disability,"
          as defined in Section 22(e)(3) of the Code;

     (i)  "Disinterested Director" means a member of the Board who is not during
          the period of one year prior to his or her service as an administrator
          of the Plan, or during the period of such service, granted or awarded
          Stock, options to acquire Stock, or similar equity securities of the
          Company under this Plan or any similar plan of the Company, other than
          the grant of a Formula Option pursuant to section 6(m) of this Plan;

     (j) "Eligible Participants" means persons who, at a particular time,
         are employees, officers, consultants, or directors of the Company or
         its subsidiaries;

     (k)  "Fair Market Value" means, with respect to the Stock and as of the
          date an ISO or a Formula Option is granted hereunder, the market price
          per share of such Stock determined by the Committee, consistent with
          the requirements of Section 422 of the Code and to the extent
          consistent therewith, as follows:

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

          (ii) If the Stock was traded over-the-counter on the date in question
               and was classified as a national market issue, then the Fair
               Market Value will be equal to the last-transaction price quoted
               by the NASDAQ system for such date;

         (iii) If the Stock was traded over-the-counter on the date in question
               but was not classified as a national market issue, then the Fair
               Market Value will be equal to the average of the last reported
               representative bid and asked prices quoted by the NASDAQ system
               far such date; and
<PAGE>

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

     (l)  "Formula Option" means an NSO granted to members of the Committee
          pursuant to section 6(m) hereof;

     (m)  "ISO" has the same meaning as "incentive stock option," as defined
          in Section 422 of the Code;

     (n) "Just Cause Termination" means a termination by the Company of an
         Optionee's employment by and/or service to the Company (or if the
         Optionee is a director, removal of the Optionee from the Board by
         action of the stockholders or, if permitted by applicable law and the
         bylaws of the Company, the other directors), in connection with the
         good faith determination of the Company's board of directors (or of the
         Company's stockholders if the Optionee is a director and the removal of
         the Optionee from the Board is by action of the stockholders, but in
         either case excluding the vote of the Optionee if he or she is a
         director or a stockholder) that the Optionee has engaged in any acts
         involving dishonesty or moral turpitude or in any acts that materially
         and adversely affect the business, affairs or reputation of the Company
         or its subsidiaries;

     (o) "NSO" means any option granted under this Plan whether designated
         by the Committee as a "non-qualified stock option, a "non-statutory
         stock option" or otherwise, other than an option designated by the
         Committee as an ISO, or any option so designated but which, for any
         reason, fails to qualify as an ISO pursuant to Section 422 of the Code
         and the rules and regulations thereunder;

     (p) "Option" means an option granted pursuant to this Plan entitling
         the option holder to acquire shares of Stock issued by the Company
         pursuant to the valid exercise of the option;

     (q) "Option Agreement" means an agreement between the Company and an
         Optionee, in form and substance satisfactory to the Committee in its
         sole discretion, consistent with this Plan;

     (r) "Option Price" with respect to any particular Option means the
         exercise price at which the Optionee may acquire each share of the
         Option Stock called for under such Option;

     (s) "Option Stock" means Stock Issued or issuable by the Company
         pursuant to the valid exercise of an Option;
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     (t) "Optionee" means an Eligible Participant to whom Options are
         granted hereunder, and any transferee thereof pursuant to a Transfer
         authorized under this Plan;

     (u) "Plan" means this 1999 Stock Option Plan of the Company;

     (v) "QDRO" has the same meaning as "qualified domestic relations order"
         as defined in Section 414(p} of the Code;

     (w) "Stock" means shares of the Company's Common Stock, no par value;

     (x) "Subsidiary" has the same meaning as "Subsidiary
         Corporation" as defined in Section 424(f) of the Code;

     (y) "Transfer," with respect to Option Stock, includes, without
         limitation, a voluntary or involuntary sale, assignment, transfer,
         conveyance, pledge, hypothecation, encumbrance, disposal, loan, gift,
         attachment or levy of such Option Stock, including without limitation
         an assignment for the benefit of creditors of the Optionee, a transfer
         by operation of law, such as a transfer by will or under the laws of
         descent and distribution, an execution of judgement against the Option
         Stock or the acquisition of record or beneficial ownership thereof by a
         lender or creditor, a transfer pursuant to a ODRO, or to any decree of
         divorce, dissolution or separate maintenance, any property settlement,
         any separation agreement or any other agreement with a spouse (except
         for estate planning purposes) under which a part or all of the shares
         of Option Stock are transferred or awarded to the spouse of the
         Optionee or are required to be sold: or a transfer resulting from the
         filing by the Optionee of a petition for relief, or the filing of an
         involuntary petition against such Optionee, under the bankruptcy laws
         of the United States or of any other nation.

3.   ELIGIBILITY.

The Company may grant Options under this Plan only to persons who are Eligible
Participants as of the time of such grant. Subject to the provisions of sections
4(d), 5 and B hereof, there is no limitation on the number of Options that may
be granted to an Eligible Participant.

4.   ADMINISTRATION.

     (a)  Committee. The Committee, if appointed by the Board, will administer
          this Plan. If the Board, in its discretion, does not appoint such a
          Committee, the Board itself will administer this Plan and take such
          other actions as the Committee is authorized to take hereunder;
          provided that the Board may take such actions hereunder in the same
          manner as the Board may take other actions under the Company's
          Articles of incorporation and bylaws generally.
<PAGE>

     (b)  Authority and Discretion of Committee. The Committee will have full
          and final authority in its discretion, at any time and from time to
          time, subject only to the express terms, conditions and other
          provisions of the Company's Articles of incorporation, bylaws and
          this Plan, and the specific limitations on such discretion set forth
          herein:

          (i)  to select and approve the persons who will be granted Options
               under this Plan from among the Eligible Participants, and to
               grant to any person so selected one or more Options to purchase
               such number of shares of Option Stock as the Committee may
               determine;

         (ii)  to determine the period or periods of time during which
               Options may be exercised, the Option Price and the duration of
               such Options, and other matters to be determined by the Committee
               in connection with specific Option grants and Options Agreements
               as specified under this Plan;

        (iii)  to interpret this Plan, to prescribe, amend and rescind rules
               and regulations relating to this Plan, and to make all other
               determinations necessary or advisable for the operation and
               administration of this Plan; and

         (iv)  to delegate all or a portion of its authority under
               subsections (i) and (ii) of this section 4(b) to one or more
               directors of the Company who are executive officers of the
               Company, but only in connection with Options granted to Eligible
               Participants who are not subject to the reporting and liability
               provisions of Section 16 of the Securities Exchange Act of 1934,
               as amended, and the rules and regulations thereunder, and subject
               to such restrictions and limitations (such as the aggregate
               number of shares of Option Stock called for by such Options that
               may be granted) as the Committee may decide to impose on such
               delegate directors.

     (c)  Limitation on Authority. Notwithstanding the foregoing, or any
          other provision of this Plan, the Committee will have no authority:

          (i)  to grant Options to any of its members, whether or
               not approved by the Board; and

         (ii)  to determine any matters, or exercise any discretion, in
               connection with the Formula Options under section e(m) hereof, to
               the extent that the power to make such determinations or to
               exercise such discretion would cause one or more members of the
               Committee no longer to be "Disinterested Directors" within the
               meaning of section 2(i) above.
<PAGE>

     (d)  Designation of Options. Except as otherwise provided herein, the
          Committee will designate any Option granted hereunder either as an ISO
          or as an NSO. To the extent that the Fair Market Value (determined at
          the time the Option is granted) of Stock with respect to which all
          ISOs are exercisable for the first time by any individual during any
          calendar year (pursuant to this Plan and all other plans of the
          Company and/or its subsidiaries) exceeds $100,000, such option will
          be treated as an NSO. Notwithstanding the general eligibility
          provisions of section 3 hereof, the Committee may grant ISOs only to
          persons who are employees of the Company and/or its subsidiaries.

     (e)  Option Agreements. Options will be deemed granted hereunder only
          upon the execution and delivery of an Option Agreement by the Optionee
          and a duly authorized officer of the Company. Options will not be
          deemed granted hereunder merely upon the authorization of such grant
          by the Committee.

5.   SHARES RESERVED FOR OPTIONS.

     (a)  Option Pool. The aggregate number of shares of Option Stock that
          may be issued pursuant to the exercise of Options granted under this
          Plan initially will not exceed One Million Three Hundred and
          Seventy-five Thousand Eight Hundred and Forty (1,375,840) (the "Option
          Pool"), provided that such number automatically shall be adjusted
          annually on the first day of the Company's fiscal year end to a number
          equal to 9% of the number of shares of Stock of the Company
          outstanding on the last day of the immediately preceding fiscal year,
          or 1,375,840 shares, whichever is greater, and provided further that
          such number will be increased by the number of shares of Option Stock
          that the Company subsequently may reacquire through repurchase or
          otherwise.  Shares of Option Stock that would have been issuable
          pursuant to Options, but that are no longer issuable because all or
          part of those Options have terminated or expired, will be deemed not
          to have been issued for purposes of computing the number of shares of
          Option Stock remaining in the Option Pool and available for issuance.

     (b)  Adjustments Upon Changes In Stock. In the event of any change in
          the outstanding Stock of the Company as a result of a stock split,
          reverse stock split, stock dividend, recapitalization, combination or
          reclassification, appropriate proportionate adjustments will be made
          in:

          (i)  the aggregate number of shares of Option Stock in the Option
               Pool that may be issued pursuant to the exercise of Options
               granted hereunder;

         (ii)  the Option Price and the number of shares of Option Stock
               called for in each outstanding Option granted hereunder; and
<PAGE>

        (iii)  other rights and matters determined on a per share basis
               under this Plan or any Option Agreement hereunder. Any such
               adjustments will be made only by the Board, and when so made will
               be effective, conclusive and binding for all purposes with
               respect to this Plan and all Options then outstanding. No such
               adjustments will be required by reason of the issuance or sale
               by the Company for cash or other consideration of additional
               shares of its Stock or securities convertible into or
               exchangeable for shares of its Stock.

6.   TERMS OF STOCK OPTION AGREEMENTS.

Each Option granted pursuant to this Plan will be evidenced by an agreement (an
"Option Agreement") between the Company and the person to whom such Option is
granted, in form and substance satisfactory to the Committee in its sole
discretion, consistent with this Plan. Without limiting the foregoing, each
Option Agreement (unless otherwise slated therein) will be deemed to include the
following terms and conditions;

     (a) Covenants of Optionee. At the discretion of the Committee, the
         person to whom an Option is granted hereunder, as a condition to the
         granting of the Option, must execute and deliver to the Company a
         confidential information agreement approved by the Committee. Nothing
         contained in this Plan, any Option Agreement or in any other agreement
         executed in connection with the granting of an Option under this Plan
         will confer upon any Optionee any right with respect to the
         continuation of his or her status as an employee of, consultant or
         independent contractor to, or director of, the Company or its
         subsidiaries.

     (b} Vesting Periods. Unless the Option Agreement executed by an
         Optionee expressly otherwise provides and except as set forth herein,
         the right to exercise an Option granted hereunder will be subject to
         the following Vesting Periods, subject to the Optionee continuing to be
         an Eligible Participant and the occurrence of any other event
         (including the passage of time) that would result in the cancellation
         or termination of the Option:

          (i) no portion of the Option will be exercisable prior to the
              expiration of three months after the date of grant set forth in
              the Option Agreement; and

         (ii) such additional vesting periods as may be determined by the
              Committee in its sole discretion

     (c) Exercise of the Option.

<PAGE>

          (i) Mechanics and Notice. An Option may be exercised to the extent
              exercisable (1) by giving written notice of exercise to the
              Company, specifying the number of full shares of Option Stock to
              be purchased and accompanied by full payment of the Option Price
              thereof and the amount of withholding taxes pursuant to subsection
              6(c)(ii) below; and (2) by giving assurances satisfactory to the
              Company that the shares of Option Stock to be purchased upon such
              exercise are being purchased for investment and not with a view to
              resale in connection with any distribution of such shares in
              violation of the 1933 Act; provided, however, that in the event
              the Option Stock called for under the Option is registered under
              the 1933 Act, or in the event resale of such Option Stock without
              such registration would otherwise be permissible, this second
              condition will be inoperative if, in the opinion of counsel for
              the Company, such condition is not required under the 1933 Act, or
              any other applicable law, regulation or rule of any governmental
              agency.

         (ii) Withholding Taxes. As a condition to the issuance of the shares
              of Option Stock upon full or partial exercise of an NSO granted
              under this Plan, the Optionee will pay to the Company in cash, or
              in such other form as the Committee may determine in its
              discretion, the amount of the Company's tax withholding liability
              required in connection with such exercise. For purposes of this
              subsection 6(c)(ii), "tax withholding liability" will mean all
              federal and state income taxes, social security tax, and any other
              taxes applicable to the compensation income arising from the
              transaction required by applicable law to be withheld by the
              Company.

     (d) Payment at Option Price. Each Option Agreement will specify the
         Option Price with respect to the exercise of Option Stock thereunder,
         to be fixed by the Committee in its discretion, but in no event will
         the Option Price for an ISO granted hereunder be less than the Fair
         Market Value (or, in case the Optionee is a 10% Stockholder, one
         hundred ten percent (110%) of such Fair Market Value) of the Option
         Stock at the time such ISO is granted, and in no event will the Option
         Price for an NSO granted hereunder be less than the 85% of Fair Market
         Value. The Option Price will be payable to the Company in United States
         dollars in cash or by check or, such other legal consideration as may
         be approved by the Committee, in its discretion.

          (i) For example, the Committee, in its discretion, may permit a
              particular Optionee to pay all or a portion of the Option Price
              and/or the tax withholding liability set forth in subsection
              8(c)(ii) above, with respect to the exercise of an Option either
              by surrendering shares of Stock already owned by such Optionee or
              by withholding shares of Option Stock, provided that the Committee
              determines that the fair market value of such surrendered Stock or
              withheld Option Stock is equal to the corresponding portion of
              such

<PAGE>

              Option Price and/or tax withholding liability, as the case
              may be, to be paid for therewith.

         (ii) If the Committee permits an Optionee to pay any portion of
              the Option Price and/or tax withholding liability with shares of
              Stock with respect to the exercise of an Option (the "Underlying
              Option") as provided in subsection 6(d)(i) above, then the
              Committee, in its discretion, may grant to such Optionee (but only
              if Optionee remains an Eligible Participant at that time)
              additional NSOs, the number of shares of Option Stock called for
              thereunder to be equal to all or a portion of the Stock so
              surrendered or withheld (a "Replacement Option"). Each Replacement
              Option will be evidenced by an Option Agreement. Unless otherwise
              set forth therein, each Replacement Option will be immediately
              exercisable upon such grant (without any Vesting Period) and will
              be coterminous with the Underlying Option. The Committee, in its
              sole discretion, may establish such other terms and conditions for
              Replacement Options as it deems appropriate.

     (e) Termination of the Option. Except as otherwise provided herein,
         each Option Agreement will specify the period of time, to be fixed by
         the Committee in its discretion, during which the Option granted
         therein will be exercisable, not to exceed ten years from the date of
         grant (the "Option Period"); provided that the Option Period will not
         exceed five years from the date of grant in the case at an ISO granted
         to a 10% Stockholder. To the extent not previously exercised, each
         Option will terminate upon the expiration of the Option Period
         specified in the Option Agreement; provided, however, that each such
         Option will terminate, if earlier:

          (i) three months after the date that the Optionee ceases to be an
              Eligible Participant for any reason, other than by reason of death
              or disability or a Just Cause Termination;

         (ii) twelve months after the date that the Optionee ceases to be
              an Eligible Participant by reason of such person's death or
              disability; or

        (iii) immediately as of the date that the Optionee ceases to be an
              Eligible Participant by reason of a Just Cause Termination.

         In the event of a sale of all or substantially all of the assets of the
         Company, or a merger or consolidation or other reorganization in which
         the Company is not the surviving corporation, or in which the Company
         becomes a subsidiary of another corporation (any of the foregoing
         events, a "Corporate Transaction"), then notwithstanding anything else
         herein, the right to exercise all then outstanding Options will vest
         immediately prior to such Corporate Transaction and will terminate
         immediately after such Corporate Transaction; provided, however, that
         if the Board, in its sole discretion, determines that such immediate

<PAGE>

         vesting of the right to exercise outstanding Options is not in the best
         interests of the Company, then the successor corporation must agree to
         assume the outstanding Options or substitute therefor comparable
         options of such successor corporation or a parent or subsidiary of such
         successor corporation.

     (f) Options Non transferable. No Option will be transferable by the
         Optionee otherwise than by will or the laws of descent and distribution
         or in the case of an NSO, pursuant to a QDRO. During the lifetime of
         the Optionee, the Option will be exercisable only by him or her, or the
         transferee of an NSO if it was transferred pursuant to a QDRO.

     (g) Qualification of Stock. The right to exercise an Option will be
         further subject to the requirement that if at any time the Board
         determines, in its discretion, that the listing, registration or
         qualification of the shares of Option Stock called for thereunder upon
         any securities exchange or under any state or federal law, or the
         consent or approval of any governmental regulatory authority, is
         necessary or desirable as a condition of or in connection with the
         granting of such Option or the purchase of shares of Option Stock
         thereunder, the Option may not be exercised, in whole or in part,
         unless and until such listing, registration, qualification, consent or
         approval is effected or obtained free of any conditions not acceptable
         to the Board, in its discretion.

     (h) Additional Restrictions on Transfer. By accepting Options and/or
         Option Stock under this Plan, the Optionee will be deemed to represent,
         warrant and agree as follows:

          (i) Securities Act of 1933. The Optionee understands that the
              shares of Option Stock have not been registered under the 1933
              Act, and that such shares are not freely tradable and must be held
              indefinitely unless such shares are either registered under the
              1933 Act or an exemption from such registration is available. The
              Optionee understands that the Company is under no obligation to
              register the shares of Option Stock.

        (ii)  Other Applicable Laws. The Optionee further understands that
              Transfer of the Option Stock requires full compliance with the
              provisions of all applicable laws.

       (iii) Investment Intent. Unless a registration statement is in effect
             with respect to the sale of Option Stock obtained through exercise
             of Options granted hereunder: (1) Upon exercise of any Option, the
             Optionee will purchase the Option Stock for his or her own account
             and not with a view to distribution within the meaning of the 1933
             Act, other than as may be effected in compliance with the 1933 Act
             and the rules and regulations promulgated thereunder; (2) no one
             else will have any beneficial interest in the Option Stock; and
             (3) he or she has no present intention of disposing of the Option
             Stock at any particular time.

     (i) Compliance with Law. Notwithstanding any other provision of this
         Plan, Options may be granted pursuant to this Plan, and Option Stock
         may be issued pursuant to the exercise thereof by an Optionee, only
         after there has been compliance with all applicable federal and state
         securities laws, and all of the same will be subject to this overriding
         condition. The Company will not be required to register or qualify
         Option Stock with the Securities and Exchange Commission or any State
         agency, except that the Company will register with, or as required by
         local law, file for and secure an exemption from such registration
         requirements from, the applicable securities administrator and other
         officials of each jurisdiction in which an Eligible Participant would
         be granted an Option hereunder prior to such grant.
<PAGE>

     (j) Stock Certificates. Certificates representing the Option Stock
         issued pursuant to the exercise or Options will bear all legends
         required by law and necessary to effectuate this Plan's provisions. The
         Company may place a "stop transfer" order against shares of the Option
         Stock until all restrictions and conditions set forth in this Plan and
         in the legends referred to in this section 6(j) have been complied
         with.

     (k) Notices. Any notice to be given to the Company under the terms of
         an Option Agreement will be addressed to the Company at its principal
         executive office, Attention: Corporate Secretary, or at such other
         address as the Company may designate in writing. Any notice to be given
         to an Optionee will be addressed to the Optionee at the address
         provided to the Company by the Optionee. Any such notice will be deemed
         to have been duly given if and when enclosed in a properly sealed
         envelope, addressed as aforesaid, registered and deposited, postage and
         registry fee prepaid, in a post office or branch post office regularly
         maintained.

     (l) Other Provisions. The Option Agreement may contain such other
         terms, provisions and conditions, including such special forfeiture
         conditions, rights of repurchase, rights of first refusal and other
         restrictions on Transfer of Option Stock issued upon exercise of any
         Options granted hereunder, not inconsistent with this Plan, as may be
         determined by the Committee in its sole discretion.

     (m) Formula Options.  No formula options are to be established at this
         time.

7.   PROCEEDS FROM SALE OF STOCK.

Cash proceeds from the sale of shares of Option Stock issued from time to time
upon the exercise of Options granted pursuant to this Plan will be added to the
general funds of the Company and as such will be used from time to time for
general corporate purposes.
<PAGE>

8.       MODIFICATION, EXTENSION AND RENEWAL OF OPTIONS.

Subject to the terms and conditions and within the limitations of this Plan, and
except with respect to Formula Options, the Committee may modify, extend or
renew outstanding Options granted under this Plan, or accept the surrender of
outstanding Options (to the extent not theretofore exercised) and authorize the
granting of new Options in substitution therefor (to the extent not theretofore
exercised). Notwithstanding the foregoing, however, no modification of any
Option will, without the consent of the holder of the Option, alter or impair
any rights or obligations under any Option theretofore granted under this Plan.

9.       AMENDMENT AND DISCONTINUANCE.

The Board or the Committee may amend, suspend or discontinue this Plan at any
time or from time to time; provided that no action of the Board or the Committee
will cause ISOs granted under this Plan not to comply with Section 422 of the
Code unless the Board or the Committee specifically declares such action to be
made for that purpose and provided further, that the provisions of section 6(m)
hereof may not be amended more often than once during any six (6) month period,
other than to comport with changes in the Code, the Employee Retirement Income
Security Act, or the rules and regulations thereunder. Moreover, no such action
may alter or impair any Option previously granted under this Plan without the
consent of the holder of such Option. The Board or the Committee may amend the
Plan without shareholder approval where such approval is not required to satisfy
any statutory or regulatory requirements.

10.      PLAN COMPLIANCE WITH RULE L6B-3.

With respect to persons subject to Section 16 of the Securities Exchange Act of
1934, transactions under this plan are intended to comply with all applicable
conditions of Rule 16b-3 or its successors under the 1934 Act. To the extent any
provision of the plan or action by the plan administrators fails so to comply,
it shall be deemed null and void, to the extent permitted by law and deemed
advisable by the plan administrators.

11.      COPIES OF PLAN.

A copy of this Plan will be delivered to each Optionee at or before the time he
or she executes an Option Agreement.
***

Date Plan Adopted by Board of Directors:    June 19, 1999

Date Plan Approved by Stockholders:         _______________________________1999
<PAGE>

                                   Exhibit 27

                             Financial Data ScheduleExhibit 10.19 Agreement with Beijing UAC Stock Trading Online Co., Ltd.

                     Beijing UAC Stock Trade Online Co. Ltd.
                            (                      )
                                       and
                          The Hartcourt Companies Inc.

                       Contractual Joint Venture Contract

                                  June 30, 1999

                          Chapter 1 General Provisions

In accordance with the "Law of the People's Republic of China on Chinese-Foreign
Cooperative  Joint  Ventures" and other relevant  Chinese laws and  regulations,
Beijing UAC Stock Trade Online Corporation Limited and Hartcourt Companies Inc.,
adhering to the  principle of equality and mutual  benefit and through  friendly
consultations,  agree to jointly  invest to set up a  cooperative  joint venture
enterprise in Beijing, the People's Republic of China. Both parties have entered
into this Contract on the terms and conditions set forth below.

                                Chapter 2 Parties

Article 1.  The parties to this Contract are as follows.

Party A:                 Beijing UAC Stock Trade Online Co. Ltd.
Registered Address:      Da Yuan Hotel, 1 Fu Yuan Men, Hai Dian District,
                         Beijing,  China
Legal Representative:    Shi Zhang
            Position:    President  Nationality: China

Party B:                 Hartcourt Companies Inc.
Registered Address:      1198 E. Willow St Long Beach, CA. 90806, USA
Legal Representative:    Alan V. Phan
            Position:    President Nationality:  USA

<PAGE>

                          Chapter 3 Organizational Form

Article 2. In  accordance  with the "Law of the  People's  Republic  of China on
Chinese-Foreign  Cooperative  Joint  Ventures  " and  other  relevant  laws  and
regulations  of China,  Party A and Party B agree to set up a contractual  joint
venture company (hereafter referred to as the JV Company).

Article 3. The  Chinese  name of the Company  shall be: The English  name of the
Company shall be: UAC Stock Exchange Online Co. LTD.

The legal  address  of the  Company  shall be:  B1005,  Tsing Hua Xue Yan Office
Building, Hai Dian District Shuang Qing Road, Beijing, China

Article 4. The Company shall be a Chinese legal  person.  All  activities of the
Company  shall be governed  and  protected  by the laws and  relevant  rules and
regulations of China.

Article 5.  The names and the legal addresses of Party A and Party B are:
Party A:  Beijing UAC Stock Exchange Online Co. Ltd.
Registered Address:  B1005 Xue Yan Building, Tsing Hua Science Park,
Hai Dian District, Beijing 100084, China
Party B:  Hartcourt Companies Inc.
Registered Address: 1198 E. Willow St Long Beach, CA. 90806, USA

Article 6. The cooperative joint venture company shall be organized as a limited
liability  company.  As such,  the  Company  shall only be  responsible  for the
liabilities  of up to the total  amount of the total  registered  capital of the
Company.  Subject to the foregoing, the profits, risks and losses of the Company
shall be shared by the parties in accordance  with the  provisions  set forth in
the contract.

        Chapter 4 Objectives, Scope and Scale of Production and Business

Article 7. The objective of the joint venture of the parties is, in keeping with
the desire of mutual benefiting,  enhancing  economic  cooperation and technical
exchange,  and develop China's electronic  information industry,  adopt advanced
and  appropriate  technology  and  scientific  management  method,   manufacture
advanced  and  unique  cooperatively  produced  products,  achieve  satisfactory
economic benefit for both parties.

<PAGE>

Article 8. The business scope of the JV Company shall be as follows:  technology
development,  service, consulting,  transferring and training; computer software
development;   computer   communication  network  project;   sales  of  computer
peripheral equipment,  mechanical and electronic  equipment,  electronic device,
hardware and electric equipment, and air conditioner.

Article 9. The business scale of the JV Company shall be small-scale  technology
intense software production company.

           Chapter 5 Registered Capital and Conditions for Cooperation

Article 10. The registered  capital of the Company shall be USD 1,000,000,  (one
million dollars) of which Party B shall  contribute USD 1,000,000.  Party A will
contribute its software,  technology and market share.  Party A and Party B will
own 65% and 35% of the JV Company, respectively.

Article 11.  Within one month from the date the JV company  obtains its business
license,  both parties shall transfer their  respective  contribution,  cash and
assets,  according  to the  terms of this  contract,  to the JV  company  in one
installment.

Article 12. When both parties have made their respective  contributions in full,
a Certified  Public  Accountant  in China shall be  appointed  by the Company to
verify the contributions and issue a verification report.  Thereupon,  the Board
of the Company shall issue a Certificate of Investment to each party pursuant to
such report.

Article 13. During the period of joint venture,  no party should reduce its cash
and assets contribution in the JV company.

Article 14. If both parties  believe it is necessary,  after the board makes the
decision  and  receives  approval  from the  authority  who  approved  the joint
venture, the JV company can increase registered capital.

Article  15. In case any party  intends  to  assign  all or part of its  capital
contribution  to a third party,  consent shall be obtained from the other party.
The  assignment  shall be  submitted  to the  original  approval  authority  for
examination and approval.  Upon receipt of the approval of the original approval
authority the Company shall  register the change in ownership  with the relevant
governmental authorities.  After each such assignment,  the Company shall cancel
the original  Investment  Certificate issued to the Party which has assigned its
capital  contribution  and issue a new  Investment  Certificate  to show the new
ownership interest in the Company.

Article 16. When one party to the Company assigns all or part of its investment,
the other party shall have the preemptive right to purchase the same.

<PAGE>

                           Chapter 6 Loan Application

Article 17. Among the JV company's total  investment,  besides the  contribution
from  both  parties,  if a loan is  necessary  due to  insufficient  fund in the
business operation,  the JV company can apply loan from financial  institutions.
The Party A may assist the loan application if necessary.

Article 18. Both parties shall guarantee the loan according to their  percentage
of ownership in the JV company.

                    Chapter 7 Responsibilities of the Parties

Article 19. In addition to its other  obligations  under this Contract,  Party A
shall be responsible for the following  matters:  (1) to apply with the relevant
departments  in China for  approval,  registration,  business  license and other
matters concerning the establishment of the Company;  (2) to apply with the land
administration for obtaining the land use right for the Company;  (3) to provide
the investment and conditions for cooperation as stipulated in the Article 10 in
this contract;  (4) to assist the Company in applying for and putting into place
basic  facilities  for  such  things  as  water  supply,   electricity   supply,
transportation,  etc.; (5) to assist foreign personnel and staff in applying for
entry visa, work permits and in handling their travel arrangements, etc.; (6) to
assist the Company to sell the cooperatively produced products within China; and
(7) to be responsible for other matters entrusted by the Company and accepted by
Party A.

Article 20. In addition to its other  obligations  under this contract,  Party B
shall  be  responsible  for  the  following  matters:  (1)  to  provide  capital
investment as stipulated in the Article 10 in this contract; (2) to assist Party
A personnel with entry visa  formalities for them to visit and receive  training
outside of China, and arrange for living accommodations and suitable working and
studying  conditions;  (3) to provide advanced business  management  experience,
knowledge,  and assist the Company in establishing a quality  assurance  system;
(4) to be responsible for other matters entrusted by the Company and accepted by
Party B.

                          Chapter 8 Board of Directors

Article 21. The date of issuance of the business license of the Company shall be
the date of the establishment of the Board of Directors of the Company.

<PAGE>

Article 22. The Board of  Directors  shall be composed  of three  Directors,  of
which two shall be  appointed  by Party A and one shall be appointed by Party B.
The Chairman of the Board shall be  appointed  by Party A and its  Vice-chairman
shall be  appointed by Party B. The term of office for the  Directors,  Chairman
and  Vice-chairman  is four  years.  Their  term of  office  may be  renewed  if
reappointed by the appointing party.

Article  23.  The  Board of  Directors  shall be the  highest  authority  of the
Company. It shall discuss and decide all major issues including:
1.   Make  decision to hire  president,  chief  engineer,  accountant  and other
     senior employees;
2.   Approve important report submitted by the president;
3. Approve year end financial statement, budget, yearly profit distribution;  4.
Increase the JV company's registered capital, asset guarantee, one party's
     assign of its all or partial ownership in the JV company;
5.   Make decision to set up branch offices;
6.   Revise the joint venture contract and the article of the company;
7.   Discuss and decide the JV company's  cease of  production,  termination  or
     merger with another organization;
8.   Be  responsible  for the  liquidation  upon the  termination  of the  joint
     venture or at the end of the joint venture period;
9. Other important matters that should be decided by the board.

Article 24. The  Chairman of the Board shall set the agenda  after  consultation
with the Vice-chairman and shall be responsible for convening and presiding over
such  meetings.  The meeting  record shall be made in Chinese and shall be filed
with the Company. The meeting record shall be signed by all attending directors.
If a proxy attends the meeting, the proxy shall sign the record.

Article 25.  Should a Director be unable for some reason to  participate  in the
Board  Meeting,  he  shall  issue a power of  attorney  and  entrust  a proxy to
participate  in the  meeting  with the same  rights and  powers as the  Director
issuing the power of attorney.  If a Director fails to participate or to entrust
another to participate, he will be deemed as having waived such right.

Article 26. The minimum  number of people  attending  the board meeting shall be
two-third  of the total  number of  directors.  If less  than  two-third  people
attending, any resolution passed in the meeting is void.

Article  27.  The  Chairman  of the  Board is the  legal  representative  of the
Company. Should the Chairman be unable to exercise his responsibilities for some
reasons,  he  shall  authorize  the  Vice-chairman  or any  other  Directors  to
represent the Company temporarily.

<PAGE>

           Chapter 9 Distribution of Profits, Losses and Risks (Fees)

Article 28. The profits,  risks and losses will be distributed  according to the
following proportion: Party A: 65%, Party B: 35%

Article  29.  Within the term of the  Company,  it is agreed  that the risks and
losses  will be  jointly  shared  by both  parties  according  to the  following
proportion:  Party A: 65%, B: 35%, no matter how much profit Party A and Party B
have obtained or will obtain respectively.

                          Chapter 10 Joint Venture Term

Article  30. The term of the JV Company  shall be 15 years  commencing  from the
date of issuance of the Company's business license.

Article 31. By agreement of Party A and Party B,  application  for  extension of
the term of the Company may be submitted to the Approval  Authority no less than
six (6) months  prior to the  expiration  of the term.  The term may be extended
subject to approval of the Approval  Authority and  procedures  for amending the
registration shall be carried out with the relevant office of the administration
for industry and commerce.

<PAGE>

                     Chapter 11 Termination and Liquidation

Article  32. The  Contract  shall  terminate  upon the  expiration  of the joint
venture  term,  unless  extended  pursuant  to Article 31 of this  Contract.  In
addition  to  this,  and to any  other  reasons  stated  elsewhere  herein,  the
following  shall  constitute the reason for  termination of this contract before
the  term  of the  expiration  of this  contract.  (1) if one  party  materially
breaches this Contract;  (2) if the  cumulative  losses of the Company exceed an
amount  acceptable  to the  parties;  (3) if,  at any  time  after  the  Company
commences  manufacturing  the  cooperatively  produced  product,  and  after the
parties have made best  efforts,  Party A and Party B confirm that a performance
level sufficient to warrant continued  operations cannot or will not be met; (4)
if the  conditions  or  consequences  of force  majeure  prevail for a period in
excess of three (3) months and the parties have been unable to find an equitable
solution;  or (5) for other reasons provided for in this Contract or in relevant
laws and regulations of China.

Article 33. Upon the expiration of the term or termination in advance, the Board
of Directors shall promptly formulate  procedures and principles for liquidation
and shall  appoint a  committee  ("the  Liquidation  Committee")  to assess  and
liquidate the Company's  remaining assets in accordance with the applicable laws
and regulations and the principles set out below: (1) the Liquidation  Committee
shall be made up of two  members,  of which one members  shall be  appointed  by
Party A and one members by Party B. Members of the  Liquidation  Committee  may,
but need not be, members of the Board of Directors.  Each party may also appoint
specialists,  such as accountants and lawyers,  to be members of the Liquidation
Committee. The Board of Directors shall report the formation of the Committee to
the JV company and to appropriate  authorities;  (2) the  Liquidation  Committee
shall have the power to represent  the Company in  instituting  or responding to
legal actions  (including  arbitration);  (3) the  Liquidation  Committee  shall
conduct a thorough  examination of the Company's assets and  liabilities.  Based
upon such valuation,  the Liquidation Committee shall develop a liquidation plan
that,  if  approved  by the  Board of  Directors,  shall be  executed  under the
Liquidation  Committee's  supervision;  (4) the liquidation expenses,  including
remuneration  to  members  of the  Committee  and  advisors  to the  Liquidation
Committee,  shall be paid out of the Company's  assets in priority to the claims
of other  creditors;  (5) after the  liquidation  of the  Company's  assets  and
settlement of all of its outstanding  debts,  the balance of its assets shall be
paid over to the parties in the proportion as follows: Party A 65%, Party B 35%;
(6) on Completion of all liquidation procedures, the Liquidation Committee shall
submit a final  report  approved  by the  Board  of  Directors  to the  original
approval  authority,  and apply with the local office of the  administration for
industry and commerce for cancellation of the registration. Chapter 12 Insurance

<PAGE>

Article 34. The Company  shall at all times during the term of the joint venture
effect and maintain full and adequate  insurance  against loss or damage by fire
and such other risks as are customarily  issued in connection with the operation
of this type of Company.

Article 35. Insurance policies of the Company on various kinds of risks shall be
underwritten  with the insurance  company(ies)  in China.  Types,  the value and
duration of insurance  shall be discussed  and decided by the Board of Directors
in accordance with the stipulations of the insurance company.

                        Chapter 13 Settlement of Dispute

Article 36. Any dispute  arising during the  implementation  of this contract or
related to this contract should be resolved  through  friendly  discussion among
the joint venture  parties.  If, within 15 days from the date any party notified
the other  party in writing  the  existence  of the  dispute  according  to this
Article,  the dispute can not be settled,  the dispute  should be  submitted  to
arbitration  committee for arbitration according to arbitration  procedure.  The
arbitration is final and bonding to both parties.

                   Chapter 14 Liability for Breach of Contract

Article 37. Should either party fail to contribute in full its  contribution  in
accordance with this Contract,  the breaching party shall pay to the other party
5% of the amount the  breaching  party  failed to pay,  starting  from the first
month after  exceeding  the time limit;  should either party fail to provide its
conditions for cooperation in accordance with this Contract, the breaching party
shall pay to the other  party 5% of the total  capital of the  Company  from the
first month after exceeding the time limit.

Article 38. A thirty (30) day grace period  shall be allowed  before the penalty
is applied.  Said penalties shall accrue hereunder for a maximum period of three
(3)  months  after  which  the  party  not in  default  shall  have the right to
terminate this Contract as provided in Article 32

Article 39.  Should all or part of the Contract and its  appendices be unable to
be  fulfilled  owing to the fault of one  party,  the party  shall  bear all the
responsibility.  But if the other  party  fails to take  appropriate  measure to
prevent  further lose, the other party has no right to demand  compensation  for
the  further  lose  from the  breaching  party.  Should  it be the fault of both
parties, they shall bear their responsibilities respectively.

<PAGE>

                            Chapter 15 Governing Law

Article 40. The draft, effect,  explanation,  implementation,  and settlement of
dispute of this  contract are all governed by the laws of the People's  Republic
of China.

                               Chapter 16 Language

Article 41. This  contract is written in both  Chinese and  English.  If the two
versions do not agree, the Chinese version shall be considered accurate.

           Chapter 17 Effectiveness of the Contract and Miscellaneous

Article 42. The Contract and its appendices  shall come into force from the date
of approval of the examination and approval authority.

Article 43. Any  amendment of this  Contract or its  appendices  shall come into
force  only  after  the  written  agreement  signed  by Party A and  Party B and
approved by the original examination and approval authority.

Article 44.  Failure or delay on the part of either party hereto to exercise any
right,  power or privilege  under this  Contract,  or under any other  agreement
relating hereto,  shall not operate as a waiver thereof; nor shall any single or
partial  exercise of any right,  power or  privilege  preclude  any other future
exercise thereof.

Article 45. Any notice or  communication  provided  for this  Contract by either
party to the other, if it is send via telegram,  facsimile and it is relevant to
each  party's  rights and  responsibilities,  shall be  confirmed  in writing in
Chinese  or  English by  registered  airmail  letter,  promptly  transmitted  or
addressed to the appropriate party. All notices and communications shall be sent
to the appropriate  address set forth below, until the same is changed by notice
given in writing to the other party or the parties, as the case may be.

<PAGE>

Party A
      Address: B 1005, Xue Yan Building, Qing Hua Science Park
                     Hai Dian District, Beijing 100084, China
      Telephone:  62770797
      Fax:  62780359
      Attention:  Zhang Shi

Party B
      Address: 1198 E. Willow St Long Beach, CA. 90806, USA
      Telephone: 562 426 9796
      Fax: 562 490 0633
      Attention: Dr. Alan Phan

Article 46. The Appendices  attached  hereto are hereby made an integral part of
this Contract and are equally binding on this Contract.

Article 47. Each of the parties  hereto has caused this  Contract to be executed
by its duly authorized representatives on the 2nd July 1999 in China.

Representative of Party A               Representative of Party B

/s/  Zhang, Shi                         /s/  Alan V. Phan
-----------------------------           ---------------------------------------
     Zhang, Shi                              Alan V. Phan

<PAGE>

                             JOINT VENTURE AGREEMENT

Two Parties of This Agreement:

Party A:       The Hartcourt Companies, Inc.
Address:       1198 E. Willow St Long Beach, CA. 90806 USA
               Authorized Representative: Dr. Alan V. Phan, Chairman and CEO

Party B:      Zhang, Shi (??)
              Owner of Beijing UAC Stock Trade Online Co. Ltd.
              (                    )
Address:      Tong Fang Plaza, Building B,
              Tsing Hua Science and Technology Park,
              Beijing 100084

WHEREAS:

     1.   The  two  parties  agreed  to  form a joint  venture  company  (herein
          referred  to as  the JV  company)  operating  under  the  laws  of the
          People's  Republic of China.  The Chinese name of the JV company is: .
          And the English name of the JV company is:  Beijing UAC Stock Exchange
          Online Co. LTD.

     2.   The  detailed  terms of the JV  company  are set  forth in the  "Joint
          Venture Agreement" between Beijing UAC Stock  Trading  Online Co. Ltd.
          (         ) and The Hartcourt Companies Inc. and signed on August 9th,
          1999.

     3.   Party B agreed to transfer all tangible and intangible assets,  except
          the real estate property, of Beijing UAC Stock Trading Online Co. Ltd.
          To the JV company in exchange for Fifty (50%) percent ownership of the
          JV company.

     4.   Party A agreed to invest One Million US dollars ($1,000,000) in the JV
          company and pay Party B One Million and Seven Hundred Thousand Dollars
          ($1,700,000)  to pay Party B. In addition,  Party A agreed to transfer
          One Million  (1,000,000) common shares of Hartcourt  (OTC:HRCT) to the
          JV company, from which 200,000 shares shall be used to pay Party B for
          existing loan to the company and 800,000 shares to be recorded as loan
          from Hartcourt  Companies to the JV company.  All above payments shall
          be made  within 15 days from the date of  issuance  of the JV  company
          license.

                                       1

<PAGE>

     5.   Party A has the right to assign this  agreement  to another  US-listed
          company. The term of the agreement shall remain the same.

     6.   The  agreement,   its  effect,   interpretation,   implementation  and
          settlement  of dispute all are  governed  by the laws of the  People's
          Republic of China.

     7.   This  agreement  is written in both  Chinese and  English.  If the two
          versions  do not  agree,  the  Chinese  version  shall  be  considered
          accurate.

Party A: The Hartcourt Companies, Inc.  Party B: Zhang, Shi (    )

Representative:                         Representative:

s/s/ Alan Phan                          s/s/ Zhang Shi
-----------------------------           ---------------------------------------
     Dr. Alan V. Phan                        Zhang, Shi

Date:  August 9th, 1999                 Date:  August 9th, 1999

                                       2

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