Document:

<PAGE>

                                                                     Exhibit 4.2

                               ITC/\DELTACOM, INC.
                              STOCK INCENTIVE PLAN

                       NONQUALIFIED STOCK OPTION AGREEMENT

ITC/\DeltaCom, Inc., a Delaware corporation (the "Company"), hereby grants an
Option to purchase shares of its common stock, $.01 par value (the "Stock"), to
the Optionee named below. The terms and conditions of the Option are set forth
in this cover sheet, in the attachment and in the ITC/\DeltaCom, Inc. Stock
Incentive Plan (the "Plan").

Grant Date:  __________________, 200__

Name of Optionee:  ______________________________

Optionee's Social Security Number:   _____-____-_____

Number of Shares Covered by Option:  ______________

Option Price per Share:  $_____.___

         By signing this cover sheet, you agree to all of the terms and
conditions described in this Agreement and in the Plan, a copy of which is
attached. You acknowledge that you have carefully reviewed the Plan and agree
that the Plan will control in the event any provision of this Agreement should
appear to be inconsistent with the terms of the Plan.

Optionee:         _________________________________________________________
                                    (Signature)

Company:          _________________________________________________________
                                    (Signature)

                  Title:  _________________________________________________

Attachment

           This is not a stock certificate or a negotiable instrument.

<PAGE>

                               ITC/\DELTACOM, INC.
                              STOCK INCENTIVE PLAN

                       NONQUALIFIED STOCK OPTION AGREEMENT

Nonqualified Stock Option            This Option is not intended to be an
                                     incentive stock option under Section 422 of
                                     the Internal Revenue Code and will be
                                     interpreted accordingly.

Definitions                          Capitalized terms not defined in this
                                     Agreement are defined in the Plan, and have
                                     the meaning set forth in the Plan. The
                                     following additional terms have the
                                     meanings provided below:

                                     "Service" means service by you as an
                                     employee, officer, director or consultant
                                     to the Company or an Affiliate. A change in
                                     your position or duties shall not result in
                                     interrupted or terminated Service so long
                                     as you continue to be an employee, officer,
                                     director or consultant of the Company or an
                                     Affiliate.

                                     "Cause" means, as determined by the Board
                                     and unless otherwise provided in an
                                     applicable employment agreement between you
                                     and the Company or an Affiliate, (i) your
                                     gross negligence or willful misconduct in
                                     connection with the performance of your
                                     duties, (ii) your conviction of a criminal
                                     offense (other than minor traffic offenses)
                                     or (iii) your material breach of any term
                                     of any employment, consulting or other
                                     services, confidentiality, intellectual
                                     property or non-competition agreement
                                     between you and the Company or an
                                     Affiliate.

Vesting                              This Option is only exercisable before it
                                     expires and then only with respect to the
                                     vested portion of the Option. Subject to
                                     the preceding sentence and the stockholder
                                     approval requirement set forth in the
                                     preceding paragraph, you may exercise this
                                     Option, in whole or in part, to purchase a
                                     whole number of vested shares not less than
                                     100 shares, unless the number of shares
                                     purchased is the total number available for
                                     purchase under the Option, by following the
                                     procedures set forth in the Plan and below
                                     in this Agreement.

                                     Your right to purchase shares of Stock
                                     under this Option vests as to one third
                                     (1/3) of the total number of shares covered
                                     by this Option, as shown on the cover
                                     sheet, on the Grant Date. An additional one
                                     third (1/3) of the shares of Stock will
                                     become vested on each of the first and
                                     second anniversaries of the Grant Date,
                                     provided you then continue in Service. The
                                     resulting aggregate number of vested shares
                                     will be rounded down to the nearest whole
                                     number of shares. You may not vest in more
                                     than the number of shares covered by

                                        2

<PAGE>

                                     this Option.

                                     Except as otherwise may be provided for in
                                     an applicable employment agreement between
                                     you and the Company or an Affiliate, no
                                     additional shares of Stock will vest after
                                     your Service has terminated for any reason.

Term                                 Your Option will expire in any event at the
                                     close of business at Company headquarters
                                     on the day before the 10th anniversary of
                                     the Grant Date, as shown on the cover
                                     sheet. Your Option will expire earlier if
                                     your Service terminates, as described
                                     below.

Regular Termination                  If your Service terminates for any reason,
                                     other than your death, Disability or Cause,
                                     except as otherwise may be provided for in
                                     an applicable employment agreement between
                                     you and the Company or an Affiliate, then
                                     the unvested portion of your Option will
                                     terminate immediately and the vested
                                     portion of your Option will expire at the
                                     close of business at Company headquarters
                                     three (3) months after your termination
                                     date.

Termination for                      If your Service is terminated for Cause,
Cause                                then you will immediately forfeit all
                                     rights to your Option and the Option will
                                     immediately expire. In addition, you shall
                                     be required to forfeit to the Company an
                                     amount equal to the aggregate gain that you
                                     recognized pursuant to the vesting or
                                     exercise of Incentive Awards during the
                                     twelve (12) month period preceding your
                                     termination of Service (the "Look-back
                                     Period"). For this purpose the aggregate
                                     gain recognized by you is equal to the sum
                                     of: (i) the aggregate spread value of all
                                     Options exercised by you (including Options
                                     exercised by a Family member or Family
                                     Trust) during the Look-back Period, where
                                     the spread value is the difference between
                                     the fair market value of the Stock on the
                                     date of the Option exercise and the Option
                                     exercise price; (ii) the aggregate value of
                                     all shares of Restricted Stock owned by you
                                     that vested during the Look-back Period,
                                     less the purchase price, if any, for the
                                     Restricted Stock and (iii) the aggregate
                                     value of all shares of Stock delivered to
                                     you pursuant to Restricted Units during the
                                     Look-back Period. Any amount required to be
                                     paid by you to the Company pursuant to this
                                     paragraph shall be reduced by any amount
                                     repaid by you to the Company pursuant to
                                     Section 304 of the Sarbanes-Oxley Act of
                                     2002.

Death                                If your Service terminates because of your
                                     death, then your Option will become 100%
                                     vested, and your Option will expire at the
                                     close of business at Company headquarters
                                     on the date which is twelve (12) months
                                     after the date of your death. During that
                                     twelve-month

                                        3

<PAGE>

                                     period, your estate or heirs may exercise
                                     your Option.

                                     In addition, if you die during the three
                                     (3) month period described in connection
                                     with a regular termination (a termination
                                     of your Service not on account of your
                                     death, Disability or Cause), and a vested
                                     portion of your Option has not yet been
                                     exercised, then your Option will instead
                                     expire on the date which is twelve (12)
                                     months after your termination date. In such
                                     a case, during the period following your
                                     death up to the date which is twelve (12)
                                     months after your termination date, your
                                     estate or heirs may exercise the vested
                                     portion of your Option.

Disability                           If your Service terminates because of your
                                     Disability, then your Option will become
                                     100% vested and your Option will expire at
                                     the close of business at Company
                                     headquarters on the date which is twelve
                                     (12) months after your termination date.

Leaves of Absence                    For purposes of this Option, your Service
                                     will not terminate when you go on a bona
                                     fide employee leave of absence that was
                                     approved by the Company in writing, if the
                                     terms of the leave provide for continued
                                     Service crediting, or when continued
                                     Service crediting is required by applicable
                                     law. However, your Service will be treated
                                     as terminating 90 days after you go on
                                     employee leave unless your right to return
                                     to active work is guaranteed by law or by a
                                     contract. Your Service will terminate in
                                     any event when the approved leave ends
                                     unless you immediately return to active
                                     employee work.

                                     The Company will determine, in its sole
                                     discretion, which leaves count for this
                                     purpose, and when your Service terminates
                                     for all purposes under the Plan.

Notice of Exercise                   When you wish to exercise this Option, you
                                     must notify the Company by filing the
                                     proper "Notice of Exercise" form at the
                                     address given on the form. Your notice must
                                     specify how many shares you wish to
                                     purchase (in a parcel of at least 100
                                     shares generally). Your notice must also
                                     specify how your shares of Stock should be
                                     registered. The notice will be effective
                                     when it is received by the Company.

                                     If someone else wants to exercise this
                                     Option after your death, that person must
                                     prove to the Company's satisfaction that
                                     such person is entitled to do so.

Form of Payment                      When you submit your notice of exercise,
                                     you must include payment of the Option
                                     Price for the shares you are purchasing.
                                     Payment may be made in one (or a
                                     combination) of the following forms:

                                        4

<PAGE>

                                     .     Cash, your personal check, a
                                           cashier's check, a money order or
                                           another cash equivalent acceptable to
                                           the Company.

                                     .     Shares of Stock which have already
                                           been owned by you for more than six
                                           months, either by surrender of the
                                           shares to the Company or by written
                                           attestation of the shares. The value
                                           of the shares, determined as of the
                                           effective date of the Option
                                           exercise, will be applied to the
                                           Option Price.

                                     .     By delivery (on a form prescribed by
                                           the Company) of an irrevocable
                                           direction to a licensed securities
                                           broker acceptable to the Company to
                                           sell Stock and to deliver all or part
                                           of the sale proceeds to the Company
                                           in payment of the aggregate Option
                                           Price and any withholding taxes,
                                           provided that this form of payment
                                           will not be permitted without the
                                           express prior consent of the Board if
                                           you are an Executive Officer or
                                           Director at the time that you attempt
                                           to exercise this Option.

Withholding Taxes                    You will not be allowed to exercise this
                                     Option unless you make acceptable
                                     arrangements to pay any withholding or
                                     other taxes that may be due as a result of
                                     the Option exercise or sale of Stock
                                     acquired under this Option. In the event
                                     that the Company determines that any
                                     federal, state, local or foreign tax or
                                     withholding payment is required relating to
                                     the exercise or sale of shares arising from
                                     this grant, the Company will have the right
                                     to require such payments from you or to
                                     withhold such amounts from other payments
                                     due to you from the Company or any
                                     Affiliate.

Transfer of Option                   During your lifetime, only you (or, in the
                                     event of your legal incapacity or
                                     incompetency, your guardian or legal
                                     representative) may exercise the Option.
                                     You may not transfer or assign this Option.
                                     For instance, you may not sell this Option
                                     or use it as security for a loan. If you
                                     attempt to do any of these things, this
                                     Option will immediately become invalid. You
                                     may, however, dispose of this Option in
                                     your will or this Option may be transferred
                                     upon your death by the laws of descent and
                                     distribution. In addition, you may transfer
                                     this Option subject to the terms and
                                     conditions contained in this Agreement
                                     (including the vesting conditions) by gift
                                     to one or more or your Family members or to
                                     a Family Trust.

                                     Except to the extent you have transferred
                                     your Option to a Family member or a Family
                                     Trust in accordance with the preceding
                                     paragraph, regardless of any marital
                                     property settlement agreement, the Company
                                     is not obligated to honor a notice of
                                     exercise from

                                        5

<PAGE>

                                     your spouse, nor is the Company obligated
                                     to recognize your spouse's interest in your
                                     Option in any other way.

Retention Rights                     Neither your Option nor this Agreement
                                     gives you the right to be retained by the
                                     Company (or any Affiliate) in any capacity.
                                     The Company (and any Affiliate) reserves
                                     the right to terminate your Service at any
                                     time and for any reason.

Shareholder Rights                   You, or your estate or heirs, have no
                                     rights as a stockholder of the Company
                                     until a certificate for your Option shares
                                     has been issued (or an appropriate book
                                     entry has been made). No adjustments will
                                     be made for dividends or other rights if
                                     the applicable record date occurs before
                                     your stock certificate is issued (or an
                                     appropriate book entry has been made),
                                     except as described in the Plan.

Adjustments                          In the event of a stock split, a stock
                                     dividend or a similar change in the Stock,
                                     the number of shares covered by this Option
                                     and the Option Price per share will be
                                     adjusted (and rounded down to the nearest
                                     whole number) if required pursuant to the
                                     Plan. Your Option will be subject to the
                                     terms of the agreement of merger,
                                     liquidation or reorganization in the event
                                     the Company is subject to such a corporate
                                     transaction.

Applicable Law                       This Agreement will be interpreted and
                                     enforced under the laws of the State of
                                     Delaware, other than any conflicts or
                                     choice of law rule or principle that might
                                     otherwise refer construction or
                                     interpretation of this Agreement to the
                                     substantive law of another jurisdiction.

The Plan                             The text of the Plan is incorporated in
                                     this Agreement by reference. This Agreement
                                     and the Plan constitute the entire
                                     understanding between you and the Company
                                     regarding this Option. Any prior
                                     agreements, commitments or negotiations
                                     concerning this Option are superseded.

Consent to Electronic                The Company may choose to deliver certain
Delivery                             statutory materials relating to the Plan in
                                     electronic form. By accepting this Option
                                     grant you agree that the Company may
                                     deliver the Plan prospectus and the
                                     Company's annual report to you in an
                                     electronic format. If at any time you would
                                     prefer to receive paper copies of these
                                     documents, which you are entitled to
                                     receive, the Company would be pleased to
                                     provide copies. Please contact
                                     ___________________ at ____________________
                                     to request paper copies of these documents.

     By signing the cover sheet of this Agreement, you agree to all of the terms
and conditions described above and in the Plan.

                                        6<PAGE>

                                                                     Exhibit 4.3

                               ITC/\DELTACOM, INC.
                              STOCK INCENTIVE PLAN

                        INCENTIVE STOCK OPTION AGREEMENT

ITC/\DeltaCom, Inc., a Delaware corporation (the "Company"), hereby grants an
Option to purchase shares of its common stock, $.01 par value (the "Stock"), to
the Optionee named below. The terms and conditions of the Option are set forth
in this cover sheet, in the attachment and in the ITC/\DeltaCom, Inc. Stock
Incentive Plan (the "Plan").

Grant Date:  __________________, 200__

Name of Optionee:  ______________________________

Optionee's Social Security Number:   _____-____-_____

Number of Shares Covered by Option:  ______________

Option Price per Share:  $_____.___

     By signing this cover sheet, you agree to all of the terms and conditions
described in this Agreement and in the Plan, a copy of which is attached. You
acknowledge that you have carefully reviewed the Plan and agree that the Plan
will control in the event any provision of this Agreement should appear to be
inconsistent with the terms of the Plan.

Optionee:         _________________________________________________________
                                      (Signature)

Company:          _________________________________________________________
                                      (Signature)

                  Title:  _________________________________________________

Attachment

           This is not a stock certificate or a negotiable instrument.

<PAGE>

                               ITC/\DELTACOM, INC.
                              STOCK INCENTIVE PLAN

                        INCENTIVE STOCK OPTION AGREEMENT

Incentive Stock Option               This Option is intended to be an incentive
                                     stock option under Section 422 of the
                                     Internal Revenue Code and will be
                                     interpreted accordingly. If you cease to be
                                     an employee of the Company, its parent or a
                                     subsidiary ("Employee") but continue to
                                     provide Service, this Option will be deemed
                                     a nonstatutory stock option three months
                                     after you cease to be an Employee. In
                                     addition, to the extent that all or part of
                                     this Option exceeds the $100,000 rule of
                                     section 422(d) of the Internal Revenue
                                     Code, this Option or the lesser excess part
                                     will be deemed to be a nonstatutory stock
                                     option.

Definitions                          Capitalized terms not defined in this
                                     Agreement are defined in the Plan, and have
                                     the meaning set forth in the Plan. The
                                     following additional terms have the
                                     meanings provided below:

                                     "Service" means service by you as an
                                     employee, officer, director or consultant
                                     to the Company or an Affiliate. A change in
                                     your position or duties shall not result in
                                     interrupted or terminated Service so long
                                     as you continue to be an employee, officer,
                                     director or consultant of the Company or an
                                     Affiliate.

                                     "Cause" means, as determined by the Board
                                     and unless otherwise provided in an
                                     applicable employment agreement between you
                                     and the Company or an Affiliate, (i) your
                                     gross negligence or willful misconduct in
                                     connection with the performance of your
                                     duties, (ii) your conviction of a criminal
                                     offense (other than minor traffic offenses)
                                     or (iii) your material breach of any term
                                     of any employment, consulting or other
                                     services, confidentiality, intellectual
                                     property or non-competition agreement
                                     between you and the Company or an
                                     Affiliate.

Stockholder                          Approval Notwithstanding any provision of
                                     this Agreement to the contrary, this Option
                                     will not be exercisable until the Plan is
                                     approved by the Company's stockholders. If
                                     the Plan is not approved by the Company's
                                     stockholders within one year after the
                                     Plan's Effective Date, this Option will be
                                     null and void and of no force or effect.

Vesting                              This Option is only exercisable before it
                                     expires and then only with respect to the
                                     vested portion of the Option. Subject to
                                     the preceding sentence and the stockholder
                                     approval requirement set forth in the
                                     preceding paragraph, you may exercise this
                                     Option, in whole or in part, to purchase a
                                     whole number of vested shares not less than
                                     100 shares, unless the number of shares
                                     purchased is the

                                        2

<PAGE>

                                     total number available for purchase under
                                     the Option, by following the procedures set
                                     forth in the Plan and below in this
                                     Agreement.

                                     Your right to purchase shares of Stock
                                     under this Option vests as to one third
                                     (1/3) of the total number of shares covered
                                     by this Option, as shown on the cover
                                     sheet, on the Grant Date. An additional one
                                     third (1/3) of the shares of Stock will
                                     become vested on each of the first and
                                     second anniversaries of the Grant Date,
                                     provided you then continue in Service. The
                                     resulting aggregate number of vested shares
                                     will be rounded down to the nearest whole
                                     number of shares. You may not vest in more
                                     than the number of shares covered by this
                                     Option.

                                     Except as otherwise may be provided for in
                                     an applicable employment agreement between
                                     you and the Company or an Affiliate, no
                                     additional shares of Stock will vest after
                                     your Service has terminated for any reason.

Term                                 Your Option will expire in any event at the
                                     close of business at Company headquarters
                                     on the day before the 10th anniversary of
                                     the Grant Date, as shown on the cover
                                     sheet. Your Option will expire earlier if
                                     your Service terminates, as described
                                     below.

Regular Termination                  If your Service terminates for any reason,
                                     other than your death, Disability or Cause,
                                     except as otherwise may be provided for in
                                     an applicable employment agreement between
                                     you and the Company or an Affiliate, then
                                     the unvested portion of your Option will
                                     terminate immediately and the vested
                                     portion of your Option will expire at the
                                     close of business at Company headquarters
                                     three (3) months after your termination
                                     date.

Termination for                      If your Service is terminated for Cause,
Cause                                then you will immediately forfeit all
                                     rights to your Option and the Option will
                                     immediately expire. In addition, you shall
                                     be required to forfeit to the Company an
                                     amount equal to the aggregate gain that you
                                     recognized pursuant to the vesting or
                                     exercise of Incentive Awards during the
                                     twelve (12) month period preceding your
                                     termination of Service (the "Look-back
                                     Period"). For this purpose the aggregate
                                     gain recognized by you is equal to the sum
                                     of: (i) the aggregate spread value of all
                                     Options exercised by you (including Options
                                     exercised by a Family member or Family
                                     Trust) during the Look-back Period, where
                                     the spread value is the difference between
                                     the fair market value of the Stock on the
                                     date of the Option exercise and the Option
                                     exercise price; (ii) the aggregate value of
                                     all shares of Restricted Stock owned by you
                                     that vested during the Look-back Period,
                                     less the purchase price, if any, for the
                                     Restricted Stock and (iii) the aggregate
                                     value of all shares of Stock delivered to
                                     you pursuant to

                                        3

<PAGE>

                                    Restricted Units during the Look-back
                                    Period. Any amount required to be paid by
                                    you to the Company pursuant to this
                                    paragraph shall be reduced by any amount
                                    repaid by you to the Company pursuant to
                                    Section 304 of the Sarbanes-Oxley Act of
                                    2002.

Death                               If your Service terminates because of your
                                    death, then your Option will become 100%
                                    vested, and your Option will expire at the
                                    close of business at Company headquarters
                                    on the date which is twelve (12) months
                                    after the date of your death. During that
                                    twelve-month period, your estate or heirs
                                    may exercise your Option.

                                    In addition, if you die during the three (3)
                                    month period described in connection with a
                                    regular termination (a termination of your
                                    Service not on account of your death,
                                    Disability or Cause), and a vested portion
                                    of your Option has not yet been exercised,
                                    then your Option will instead expire on the
                                    date which is twelve (12) months after your
                                    termination date. In such a case, during
                                    the period following your death up to the
                                    date which is twelve (12) months after your
                                    termination date, your estate or heirs may
                                    exercise the vested portion of your Option.

Disability                          If your Service terminates because of your
                                    Disability, then your Option will become
                                    100% vested and your Option will expire at
                                    the close of business at Company
                                    headquarters on the date which is twelve
                                    (12) months after your termination date.

Leaves of Absence                   For purposes of this Option, your Service
                                    will not terminate when you go on a bona
                                    fide employee leave of absence that was
                                    approved by the Company in writing, if the
                                    terms of the leave provide for continued
                                    Service crediting, or when continued
                                    Service crediting is required by applicable
                                    law. However, your Service will be treated
                                    as terminating 90 days after you go on
                                    employee leave unless your right to return
                                    to active work is guaranteed by law or by a
                                    contract. Your Service will terminate in
                                    any event when the approved leave ends
                                    unless you immediately return to active
                                    employee work.

                                    The Company will determine, in its sole
                                    discretion, which leaves count for this
                                    purpose, and when your Service terminates
                                    for all purposes under the Plan.

Notice of Exercise                  When you wish to exercise this Option, you
                                    must notify the Company by filing the
                                    proper "Notice of Exercise" form at the
                                    address given on the form. Your notice must
                                    specify how many shares you wish to
                                    purchase (in a parcel of at least 100
                                    shares generally). Your notice must also
                                    specify how your shares of Stock should be
                                    registered. The notice will be effective
                                    when it is

                                        4

<PAGE>

                                     received by the Company.

                                     If someone else wants to exercise this
                                     Option after your death, that person must
                                     prove to the Company's satisfaction that
                                     such person is entitled to do so.

Form of Payment                      When you submit your notice of exercise,
                                     you must include payment of the Option
                                     Price for the shares you are purchasing.
                                     Payment may be made in one (or a
                                     combination) of the following forms:

                                     .    Cash, your personal check, a cashier's
                                          check, a money order or another cash
                                          equivalent acceptable to the Company.

                                     .    Shares of Stock which have already
                                          been owned by you for more than six
                                          months either by surrender of the
                                          shares to the Company or by written
                                          attestation of the shares. The value
                                          of the shares, determined as of the
                                          effective date of the Option exercise,
                                          will be applied to the Option Price.

                                     .    By delivery (on a form prescribed by
                                          the Company) of an irrevocable
                                          direction to a licensed securities
                                          broker acceptable to the Company to
                                          sell Stock and to deliver all or part
                                          of the sale proceeds to the Company in
                                          payment of the aggregate Option Price
                                          and any withholding taxes, provided
                                          that this form of payment will not be
                                          permitted without the express prior
                                          consent of the Board if you are an
                                          Executive Officer or Director at the
                                          time that you attempt to exercise this
                                          Option.

Withholding Taxes                    You will not be allowed to exercise this
                                     Option unless you make acceptable
                                     arrangements to pay any withholding or
                                     other taxes that may be due as a result of
                                     the Option exercise or sale of Stock
                                     acquired under this Option. In the event
                                     that the Company determines that any
                                     federal, state, local or foreign tax or
                                     withholding payment is required relating to
                                     the exercise or sale of shares arising from
                                     this grant, the Company will have the right
                                     to require such payments from you or to
                                     withhold such amounts from other payments
                                     due to you from the Company or any
                                     Affiliate.

Transfer of Option                   During your lifetime, only you (or, in the
                                     event of your legal incapacity or
                                     incompetency, your guardian or legal
                                     representative) may exercise the Option.
                                     You may not transfer or assign this Option.
                                     For instance, you may not sell this Option
                                     or use it as security for a loan. If you
                                     attempt to do any of these things, this
                                     Option will immediately become invalid. You
                                     may, however,

                                        5

<PAGE>

                                     dispose of this Option in your will or this
                                     Option may be transferred upon your death
                                     by the laws of descent and distribution.

                                     Regardless of any marital property
                                     settlement agreement, the Company is not
                                     obligated to honor a notice of exercise
                                     from your spouse, nor is the Company
                                     obligated to recognize your spouse's
                                     interest in your Option in any other way.

Retention Rights                     Neither your Option nor this Agreement
                                     gives you the right to be retained by the
                                     Company (or any Affiliate) in any capacity.
                                     The Company (and any Affiliate) reserves
                                     the right to terminate your Service at any
                                     time and for any reason.

Shareholder Rights                   You, or your estate or heirs, have no
                                     rights as a stockholder of the Company
                                     until a certificate for your Option shares
                                     has been issued (or an appropriate book
                                     entry has been made). No adjustments will
                                     be made for dividends or other rights if
                                     the applicable record date occurs before
                                     your stock certificate is issued (or an
                                     appropriate book entry has been made),
                                     except as described in the Plan.

Adjustments                          In the event of a stock split, a stock
                                     dividend or a similar change in the Stock,
                                     the number of shares covered by this Option
                                     and the Option Price per share will be
                                     adjusted (and rounded down to the nearest
                                     whole number) if required pursuant to the
                                     Plan. Your Option will be subject to the
                                     terms of the agreement of merger,
                                     liquidation or reorganization in the event
                                     the Company is subject to such a corporate
                                     transaction.

Applicable Law                       This Agreement will be interpreted and
                                     enforced under the laws of the State of
                                     Delaware, other than any conflicts or
                                     choice of law rule or principle that might
                                     otherwise refer construction or
                                     interpretation of this Agreement to the
                                     substantive law of another jurisdiction.

The Plan                             The text of the Plan is incorporated
                                     in this Agreement by reference. This
                                     Agreement and the Plan constitute the
                                     entire understanding between you and the
                                     Company regarding this Option. Any prior
                                     agreements, commitments or negotiations
                                     concerning this Option are superseded.

Consent to Electronic                The Company may choose to deliver certain
Delivery                             statutory materials relating to the Plan in
                                     electronic form. By accepting this Option
                                     grant you agree that the Company may
                                     deliver the Plan prospectus and the
                                     Company's annual report to you in an
                                     electronic format. If at any time you would
                                     prefer to receive paper copies of these
                                     documents, which you are entitled to
                                     receive, the Company would be pleased to
                                     provide copies. Please contact
                                     ___________________ at ____________________
                                     to request

                                        6

<PAGE>

                                     paper copies of these documents.

Certain Dispositions                 If you sell or otherwise dispose of Stock
                                     acquired pursuant to the exercise of this
                                     Option sooner than the first anniversary of
                                     the date you acquired the Stock, then you
                                     agree to notify the Company in writing
                                     within 30 days of such sale or disposition
                                     of the date of sale or disposition, the
                                     number of share of Stock sold or disposed
                                     of and the sale price per share.

     By signing the cover sheet of this Agreement, you agree to all of the terms
and conditions described above and in the Plan.

                                        7

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