Document:

Exhibit 10.1
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                             2001 STOCK OPTION PLAN
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                          PCS RESEARCH TECHNOLOGY, INC.

                             2001 STOCK OPTION PLAN
                             ----------------------

                                   ARTICLE ONE

                               GENERAL PROVISIONS
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     I.    Purpose of the Plan

           The PCS Research Technology, Inc. 2001 Stock Option Plan (the "Plan")
is intended to assist PCS Research Technology, Inc. a Delaware corporation (the
"Company"), and any entity which controls, is controlled by, or is under common
control with the Company ("Related Entities") in recruiting and retaining
employees, directors, officers, agents, consultants, independent contractors and
advisors (collectively, "Participants"), and in compensating Participants by
enabling them to participate in the future success of the Company and the
Related Entities and to associate their interests with those of the Company and
its stockholders.

           Capitalized terms used and not otherwise defined shall have the
meanings assigned to such terms in the attached Appendix.

     II.   Structure of the Plan

           Pursuant to the Plan, eligible persons may, at the discretion of the
Administrator, be granted options ("Stock Options") to purchase shares of the
Company's Common Stock, $.0001 par value (the "Common Stock"). The Stock Options
granted under the Plan are intended to be either incentive stock options
("Incentive Stock Options") within the meaning of Section 422A of the Internal
Revenue Code of 1986, as amended ("Code"), or options that do not meet the
requirements of Incentive Stock Options ("Non-Statutory Stock Options").

     III.  Administration of the Plan

           A.   The Plan shall be administered by the Administrator. The
Administrator shall have authority to grant Stock Options upon such terms (not
inconsistent with the provisions of the Plan) as the Administrator may consider
appropriate. Such terms may include conditions (in addition to those contained
in this Plan) on the exercisability, transferability or forfeitability of all or
any part of a Stock Option, including, by way of example and not limitation,
requirements that the Participant complete a specified period of employment with
or service to the Company or a Related Entity, that the Company achieve a
specified level of financial performance or that the Company achieve a specified
level of financial return. Notwithstanding any such conditions, the
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Administrator may, in its discretion, accelerate the time at which a Stock
Option may be exercised, transferred or become nonforfeitable. The Administrator
shall have the absolute discretion to determine whether specific grants shall be
of Incentive Stock Options or Non-Statutory Stock Options. In addition, the
Administrator shall have complete authority to determine Fair Market Value, to
interpret all provisions of the Plan, to prescribe the form of the documents
evidencing the grant of Stock Options under the Plan ("Agreements"), to adopt,
amend, and rescind rules and regulations pertaining to the administration of the
Plan and to make all other determinations necessary or advisable for the
administration of this Plan. The express grant in the Plan of any specific power
to the Administrator shall not be construed as limiting any power or authority
of the Administrator. Any decision made, or action taken, by the Administrator
or in connection with the administration of the Plan shall be final and
conclusive. Neither the Administrator nor any member of the Board shall be
liable for any act done in good faith with respect to the Plan, any Agreements
or Stock Options. All expenses of administering this Plan shall be borne by the
Company.

           B.   The Board, in its discretion, may appoint a committee of the
Board and delegate to such committee all or part of the Board's authority and
duties with respect to the Plan. The Board may revoke or amend the terms of a
delegation at any time but such action shall not invalidate any prior actions of
the Board's delegate or delegates that were consistent with the terms of the
Plan.

     IV.   Eligibility

           A.   The persons eligible to participate in the Plan are as follows:

                (i)    Employees, directors and officers of the Company or any
           Related Entity;

                (ii)   non-employee members of the Board or non-employee members
           of the board of directors of any Related Entity; and

                (iii)  consultants agents and other independent advisors who
           provide services to the Company or to any Related Entity.

     V.    Stock Subject to the Plan

           A.   Shares Issued. Upon the exercise of a Stock Option, the Company
may issue to the Participant (or the Participant's broker if the Participant so
directs), shares of Common Stock from its authorized but unissued Common Stock
or reacquired Common Stock.

           Aggregate Limit. The maximum aggregate number of shares of Common
Stock that may be issued under the Plan shall not exceed 2,000,000 shares.

           B.   Reallocation of Shares. If a Stock Option is terminated, in
whole or in part, for any reason other than its exercise, the number of shares
of Common Stock allocated to the Stock Option or portion thereof may be
reallocated to other Stock Options to be granted under the Plan. Unvested shares
issued under the Plan and subsequently repurchased by the Company, at the option

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exercise or direct issue price paid per share, pursuant to the Company's
repurchase rights under the Plan, shall be added back to the number of shares of
Common Stock reserved for issuance under the Plan and shall accordingly be
available for reissuance through one or more subsequent Stock Options under the
Plan.

           C.   Stock Split; Recapitalization. Should any change be made to the
Common Stock by reason of any stock split, stock dividend, recapitalization,
combination of shares, exchange of shares or other change affecting the
outstanding Common Stock as a class, without the Company's receipt of
consideration, appropriate adjustments shall be made to (i) the maximum number
of shares of Common Stock issuable under the Plan and (ii) the number of shares
of Common Stock and the exercise price per share in effect under each
outstanding Stock Option, in order to prevent the dilution or enlargement of
benefits thereunder. The adjustments determined by the Administrator shall be
final, binding and conclusive. In no event shall any such adjustments be made in
connection with the conversion of one or more outstanding shares of the
Company's preferred stock into shares of Common Stock.

                                   ARTICLE TWO

                               STOCK OPTION GRANTS
                               -------------------

     I.    Stock Option Terms

           Each Stock Option shall be evidenced by an Agreement, consisting of
one or more documents in the form approved by the Administrator; PROVIDED,
HOWEVER, that each such document shall comply with the terms specified below.
Each Agreement evidencing an Incentive Stock Option, shall, in addition, be
subject to the provisions of the Plan applicable to Incentive Stock Options.

           A.   Exercise Price.
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                1.   The exercise price per share for Common Stock purchased
upon the exercise of a Non-Statutory Stock Option shall be determined by the
Administrator on the date of grant.

                2.   The exercise price per share of Common Stock purchased upon
the exercise of an Incentive Stock Option shall be such amount as the
Administrator shall, in its best judgement, determine to be not be less than the
Fair Market Value on the date the Incentive Stock Option is granted, PROVIDED,
HOWEVER, that in the case of an Incentive Stock Option granted to a Participant
who, at the time such Incentive Stock Option is granted owns stock of the
Company or a Related Entity possessing more than ten percent (10%) of the
aggregate voting power of all classes of stock of the Company or such Related
Entity ("10% Stockholder"), the exercise price per share of Common Stock
purchased upon the exercise of such Incentive Stock Option shall be such amount
as the Administrator shall, in its best judgement, determine to be not less than
one-hundred and ten percent (110%) of the Fair Market Value on the date such
Incentive Stock Option is granted.

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                3.   Unless otherwise provided by the Agreement, the exercise
price shall become immediately due upon exercise of a Stock Option and shall,
subject to the provisions of Section I of Article Three and the Agreement, be
payable in cash or check made payable to the Company.

                4.   Cashless Exercise. Should the Common Stock be registered
under Section 12 of the Securities Exchange Act of 1934, as amended (the
"Exchange Act") at the time a Stock Option is exercised, then the exercise price
may also be paid as follows:

                     (i)    in shares of Common Stock held for the requisite
           period necessary to avoid a charge to the Company's earnings for
           financial reporting purposes and valued at Fair Market Value on the
           exercise date, or

                     (ii)   to the extent the option is exercised for vested
           shares, through a special sale and remittance procedure pursuant to
           which the Participant shall concurrently provide irrevocable
           instructions (A) to a Company-designated brokerage firm to effect the
           immediate sale of the purchased shares and remit to the Company, out
           of the sale proceeds available on the settlement date, sufficient
           funds to cover the aggregate exercise price payable for the purchased
           shares plus all applicable Federal, state and local income and
           employment taxes required to be withheld by the Company by reason of
           such exercise and (B) to the Company to deliver the certificates for
           the purchased shares directly to such brokerage firm in order to
           complete the sale.

                Except to the extent such sale and remittance procedure is
utilized, payment of the exercise price for the purchased shares must be made on
the Exercise Date.

           B.   Effect of Termination of Service.
                --------------------------------

                1.   The following provisions shall govern the exercise of any
Stock Options held by a Participant at the time of cessation of Service or
death:

                     (i)    Should the Participant cease to remain in Service
           for any reason other than death, Disability or Misconduct, then the
           Participant shall have a period of three (3) months following the
           date of such cessation of Service during which to exercise each
           outstanding Stock Option held by such Participant.

                     (ii)   Should Participant's Service terminate by reason of
           Disability, then the Participant shall have a period of six (6)
           months following the date of such cessation of Service during which
           to exercise each outstanding Stock Option held by such Participant.

                     (iii)  If the Participant dies while holding an
           outstanding Stock Option, then the personal representative of his or
           her estate or the person or persons to whom the Stock Option is
           transferred pursuant to the Participant's will or the laws of descent
           and distribution shall have a period of six (6) month following the
           date of the Participant's death during which to exercise each
           outstanding Stock Option previously held by such Participant.

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                     (iv)   Under no circumstances, however, shall any such
           Stock Option be exercisable after the specified expiration of the
           option term.

                     (v)    During the applicable post-Service exercise period,
           the Stock Option may not be exercised in the aggregate for more than
           the number of vested shares for which the Stock Option is exercisable
           on the date of the Participant's cessation of Service. Upon the
           expiration of the applicable post-Service exercise period or (if
           earlier) upon the expiration of the option term, the Stock Option
           shall terminate and cease to be outstanding for any vested shares for
           which the Stock Option has not been exercised. However, the Stock
           Option shall, immediately upon the Participant's cessation of
           Service, terminate and cease to be outstanding with respect to any
           and all option shares for which the Stock Option is not otherwise at
           the time exercisable or in which the Participant is not otherwise at
           that time vested.

                     (vi)   Should Participant's Service be terminated for
           Misconduct, then all outstanding Stock Options held by the
           Participant shall terminate immediately and cease to remain
           outstanding.

                2.   The Administrator shall have the discretion, exercisable
either at the time a Stock Option is granted or at any time while the Stock
Option remains outstanding, to:

                     (i)    extend the period of time for which the Stock Option
           is to remain exercisable, following Participant's cessation of
           Service or death, from the limited period otherwise in effect for
           that Stock Option to such greater period of time as the Administrator
           shall deem appropriate, but in no event beyond the expiration of the
           option term; and/or

                     (ii)   permit the Stock Option to be exercised, during tbe
           applicable post-Service exercise period, not only with respect to the
           number of vested shares of Common Stock for which such Stock Option
           is exercisable at the time of the Participant's cessation of Service
           but also with respect to one or more additional installments in which
           the Participant would have vested under the Stock Option had the
           Participant continued in Service.

           B.   Stockholder Rights. The holder of an option shall have no
stockholder rights with respect to the shares subject to the option until such
person shall have exercised the option, paid the exercise price and become the
record holder of the purchased shares.

           C.   Unvested Shares. The Administrator shall have the discretion to
grant Stock Options which are exercisable for unvested shares of Common Stock.
Should the Participant cease Service while holding such unvested shares, the
Company shall have the right to repurchase, at the exercise price paid per
share, any or all of those unvested shares. The terms upon which such repurchase
right shall be exercisable (including the period and procedure for exercise and

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the appropriate vesting schedule for the purchased shares) shall be established
by the Administrator and set forth in the document evidencing such repurchase
right.

           D.   Limited Transferability of Stock Options. During the lifetime of
the Participant, the option shall be exercisable only by the Participant and
shall not be assignable or transferable other than by will or by the laws of
descent and distribution following the Participant's death.

     II.   Incentive Stock Options

           The terms specified below shall be applicable to all Incentive Stock
Options. Except as modified by the provisions of this Section II, all the
provisions of Articles One, Two and Three shall be applicable to Incentive Stock
Options. Stock Options which are specifically designated as Non-Statutory Stock
Options shall not be subject to the terms of this Section II.

           A.   Eligibility. Incentive Stock Options may only be granted to
Employees.

           B.   Exercise Price. The exercise price per share shall not be less
than one hundred percent (100%) of the Fair Market Value per share of Common
Stock on the option grant date, provided, however, that in the case of an
Incentive Stock Option granted to a 10% Stockholder, the exercise price per
share of Common Stock purchased upon the exercise of such Incentive Stock Option
shall be such amount as the Administrator shall, in its best judgement,
determine to be not less than one-hundred and ten percent (110%) of the Fair
Market Value on the date such Incentive Stock Option is granted.

           C.   Dollar Limitation. The aggregate Fair Market Value of the shares
of Common Stock (determined as of the respective date or dates of grant) for
which one or more Stock Options granted to any Employee under the Plan (or any
other option plan of the Company or any Related Entity) may for the first time
become exercisable as Incentive Stock Options during any one (1) calendar year
shall not exceed the sum of One Hundred Thousand Dollars ($100,000). To the
extent the Employee holds two (2) or more such Stock Options which become
exercisable for the first time in the same calendar year, the foregoing
limitation on the exercisability of such options as Incentive Stock Options
shall be applied on the basis of the order in which such Stock Options are
granted.

           D.   Term of Incentive Stock Options. The maximum period in which an
Incentive Stock Option shall be exercisable shall be ten (10) years from the
date of grant, PROVIDED, HOWEVER, that if any Employee to whom an Incentive
Stock Option is granted is a 10% Stockholder, then the option term shall not
exceed five (5) years measured from the option grant date.

     III.  Corporate Transaction

           A.   The shares subject to each Stock Option outstanding under the
Plan at the time of a Corporate Transaction shall automatically vest in full so
that each such Stock Option shall, immediately prior to the effective date of
the Corporate Transaction, become fully exercisable for all of the shares of

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Common Stock at the time subject to that Stock Option and may be exercised for
any or all of those shares as fully-vested shares of Common Stock. However, the
shares subject to an outstanding Stock Option shall not vest on such an
accelerated basis if and to the extent:

                (i)    such Stock Option is assumed by the successor Company (or
           parent thereof) in the Corporate Transaction and any repurchase
           rights of the Company with respect to the unvested option shares are
           concurrently to be assigned to such successor Company (or parent
           thereof) or

                (ii)   such Stock Option is to be replaced with a cash incentive
           program of the successor Company (or parent thereof) which preserves
           the spread existing on the unvested option shares at the time of the
           Corporate Transaction and provides for subsequent payout in
           accordance with the same vesting schedule applicable to those
           unvested option shares or

                (iii)  the acceleration of such Stock Option is subject to other
           limitations imposed by the Administrator at the time of the option
           grant.

           B.   All outstanding repurchase rights shall also terminate
automatically, and the shares of Common Stock subject to those terminated rights
shall immediately vest in full, in the event of any Corporate Transaction,
except to the extent: (i) those repurchase rights are assigned to the successor
Company (or parent thereof) in connection with such Corporate Transaction or
(ii) such accelerated vesting is precluded by other limitations imposed by the
Administrator at the time the repurchase right is issued.

           C.   Immediately following the consummation of the Corporate
Transaction, all outstanding Stock Options shall terminate and cease to be
outstanding, except to the extent assumed by the successor Company (or parent
thereof).

           D.   Each Stock Option which is assumed in connection with a
Corporate Transaction shall be appropriately adjusted, immediately after such
Corporate Transaction, to apply to the number and class of securities which
would have been issuable to the Participant in consummation of such Corporate
Transaction had the Stock Option been exercised immediately prior to such
Corporate Transaction. Appropriate adjustments shall also be made to (i) the
number and class of securities available for issuance under the Plan following
the consummation of such Corporate Transaction and (ii) the exercise price
payable per share under each outstanding Stock Option, PROVIDED, HOWEVER, that
the aggregate exercise price payable for such securities shall remain the same.

           E.   The Administrator shall have the discretion, exercisable either
at the time a Stock Option is granted or at any time while a Stock Option
remains outstanding, to structure one or more Stock Options so that those Stock
Options shall automatically accelerate and vest in full (and any repurchase
rights of the Company with respect to the unvested shares subject to those Stock
Options shall immediately terminate) upon the occurrence of a Corporate
Transaction, whether or not those Stock Options are to be assumed in the
Corporate Transaction.

           F.   The Administrator shall also have full power and authority,
exercisable either at the time the Stock Option is granted or at any time while
the Stock Option remains outstanding, to structure such Stock Option so that the
shares subject to that Stock Option will automatically vest on an accelerated

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basis should the Participant's Service terminate by reason of an Involuntary
Termination within a designated period (not to exceed eighteen (18) months)
following the effective date of any Corporate Transaction in which the Stock
Option is assumed and the repurchase rights applicable to those shares do not
otherwise terminate. Any Stock Option so accelerated shall remain exercisable
for the fully-vested option shares until the expiration or sooner termination of
the option term. In addition, the Administrator may provide that one or more of
the Company's outstanding repurchase rights with respect to shares held by the
Participant at the time of such Involuntary Termination shall immediately
terminate on an accelerated basis, and the shares subject to those terminated
rights shall accordingly vest at that time.

           G.   The portion of any Incentive Stock Option accelerated in
connection with a Corporate Transaction shall remain exercisable as an Incentive
Stock Option only to the extent the applicable One Hundred Thousand Dollar
limitation is not exceeded. To the extent such dollar limitation is exceeded,
the accelerated portion of such Incentive Stock Option shall be exercisable as a
Non-Statutory Option under the Code.

           H.   The grant of Stock Options under the Plan shall in no way affect
the right of the Company to adjust, reclassify, reorganize or otherwise change
its capital or business structure or to merge, consolidate, dissolve, liquidate
or sell or transfer all or any part of its business or assets.

     IV.   Cancellation and Regrant of Stock Options

           The Administrator shall have the authority to effect, at any time and
from time to time, with the consent of the affected Participants, the
cancellation of any or all outstanding Stock Options under the Plan and to grant
in substitution therefor new Stock Options covering the same or different number
of shares of Common Stock but with an exercise price per share based on the Fair
Market Value per share of Common Stock on the new option grant date.

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                                  ARTICLE THREE

                                  MISCELLANEOUS
                                  -------------

     I.    Financing

           The Administrator may permit any Participant to pay the option
exercise price upon exercise of a Stock Option by delivering a full-recourse,
interest bearing promissory note payable in one or more installments and secured
by the purchased shares. The terms of any such promissory note (including the
interest rate and the terms of repayment) shall be established by the
Administrator in its sole discretion. In no event may the maximum credit
available to the Participant exceed the sum of (i) the aggregate option exercise
price (less the par value of those shares) plus (ii) any Federal, state and
local income and employment tax liability incurred by the Participant in
connection with the option exercise.

     II.   Effective Date and Term of Plan

           A.   The Plan shall become effective on the date on which it is
adopted by the Board (the "Effective Date"), PROVIDED, HOWEVER, that if the Plan
is not approved by a vote of the stockholders of the Company within twelve (12)
months after the Effective Date, the Plan and any Benefits granted under the
Plan shall terminate.

           B.   The Plan shall terminate upon the EARLIEST of (i) May 31, 2011,
(ii) the date on which all shares of Common Stock available for issuance under
the Plan shall have been issued as vested shares or (iii) the termination of all
outstanding Stock Options in connection with a Corporate Transaction. Upon such
Plan termination, all Stock Options and unvested stock issuances outstanding
under the Plan shall continue to have full force and effect in accordance with
the provisions of the Agreements.

     III.  Amendment of the Plan

           A.   The Board shall have complete and exclusive power and authority
to amend or modify the Plan in any or all respects. However, no such amendment
or modification shall adversely affect the rights and obligations with respect
to Stock Options or unvested stock issuances at the time outstanding under the
Plan unless the Participant or the Participant consents to such amendment or
modification. In addition, certain amendments may require stockholder approval
pursuant to applicable laws and regulations.

           B.   Stock Options may be granted under the Plan which are in excess
of the number of shares of Common Stock then available for issuance under the
Plan, provided any excess shares actually issued shall be held in escrow until
there is obtained stockholder approval of an amendment sufficiently increasing
the number of shares of Common Stock available for issuance under the Plan. If
such stockholder approval is not obtained within twelve (12) months after the
date the first such excess grants are made, then (i) any unexercised Stock
Options granted on the basis of such excess shares shall terminate and cease to
be outstanding and (ii) the Company shall promptly refund to the Participants

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the exercise or purchase price paid for any excess shares issued under the Plan
and held in escrow, together with interest (at the applicable Short Term Federal
Rate) for the period the shares of Common Stock were held in escrow, and such
shares shall thereupon be automatically cancelled and cease to be outstanding.

     IV.   Use of Proceeds

           Any cash proceeds received by the Company from the sale of shares of
Common Stock under the Plan shall be used for general corporate purposes.

     V.    Withholding

           The Company's obligation to deliver shares of Common Stock upon the
exercise of any Stock Options under the Plan shall be subject to the
satisfaction of all applicable Federal, state and local income and employment
tax withholding requirements.

     VI.   Regulatory Approvals

           The implementation of the Plan, the granting of any Stock Options
under the Plan and the issuance of any shares of Common Stock upon the exercise
of any Stock Option shall be subject to the Company's procurement of all
approvals and permits required by regulatory authorities having jurisdiction
over the Plan and the Stock Options granted under it.

     VII.  No Employment or Service Rights

           Nothing in the Plan shall confer upon a Participant any right to
continue in Service for any period of specific duration or interfere with or
otherwise restrict in any way the rights of the Company (or any Related Entity
employing or retaining a Participant), which rights are hereby expressly
reserved, to terminate a Participant's Service at any time for any reason, with
or without cause.

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                                    APPENDIX
                                    --------

           The following definitions shall be in effect under the Plan:

           A.   Board shall mean the Company's Board of Directors.

           B.   Committee shall mean a committee of two (2) or more Board
members appointed by the Board to exercise one or more administrative functions
under the Plan.

           C.   Corporate Transaction shall mean either of the following
stockholder-approved transactions to which the Company is a party:

                (i)    a merger or consolidation in which securities possessing
     more than fifty percent (50%) of the total combined voting power of the
     Company's outstanding securities are transferred to a person or persons
     different from the persons holding those securities immediately prior to
     such transaction, or

                (ii)   the sale, transfer or other disposition of all or
     substantially all of the Company's assets in complete liquidation or
     dissolution of the Company.

           D.   Disability shall mean the inability of the Participant to engage
in any substantial gainful activity by reason of any medically determinable
physical or mental impairment and shall be determined by the Administrator on
the basis of such medical evidence as the Administrator deems warranted under
the circumstances.

           E.   Employee shall mean an individual who is in the employ of the
Company (or any Related Entity), subject to the control and direction of the
employer entity as to both the work to be performed and the manner and method of
performance.

           F.   Fair Market Value per share of Common Stock on any relevant date
shall be determined in accordance with the following provisions:

                (i)    If the Common Stock is at the time traded on the Nasdaq
     National Market, the SmallCap Market or the OTC Bulletin Board, then the
     Fair Market Value shall be the closing selling price per share of Common
     Stock on the date in question, as such price is reported on the Nasdaq
     National Market, the SmallCap Market or the OTC Bulletin Board, as the case
     may be. If there is no closing selling price for the Common Stock on the
     date in question, then the Fair Market Value shall be the closing selling
     price on the last preceding date for which such quotation exists.

                (ii)   If the Common Stock is at the time listed on any Stock
     Exchange, then the Fair Market Value shall be the closing selling price per
     share of Common Stock on the date in question on the Stock Exchange
     determined by the Administrator to be the primary market for the Common

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     Stock, as such price is officially quoted in the composite tape of
     transactions on such exchange. If there is no closing selling price for the
     Common Stock on the date in question, then the Fair Market Value shall be
     the closing selling price on the last preceding date for which such
     quotation exists.

                (iii)  If the Common Stock is at the time neither listed on any
     Stock Exchange nor traded on the Nasdaq National Market or SmallCap Market
     or the OTC Bulletin Board, then the Fair Market Value shall be determined
     by the Administrator after taking into account such factors as the
     Administrator shall deem appropriate.

           G.   Involuntary Termination shall mean the termination of the
Service of any individual which occurs by reason of:

                (i)    such individual's involuntary dismissal or discharge by
     the Company for reasons other than Misconduct, or

                (ii)   such individual's voluntary resignation following (A) a
     change in his or her position with the Company which materially reduces his
     or her duties and responsibilities or the level of management to which he
     or she reports, or (B) a reduction in his or her level of compensation
     (including base salary, fringe benefits and target bonuses under any
     corporate-performance based bonus or incentive programs) by more than
     thirty percent (30%).

           H.   Misconduct shall mean the commission of any act of fraud,
embezzlement or dishonesty by a Participant, any unauthorized use or disclosure
by such person of confidential information or trade secrets of the Company (or
any Related Entity), or any other intentional misconduct by such person
adversely affecting the business or affairs of the Company (or any Related
Entity) in a material manner. The foregoing definition shall not be deemed to be
inclusive of all the acts or omissions which the Company (or any Related Entity)
may consider as grounds for the dismissal or discharge of any Participant,
Participant or other person in the Service of the Company (or any Related
Entity).

           I.   Administrator shall mean either the Board or the Committee
acting in its capacity as administrator of the Plan.

           J.   Service shall mean the provision of services to the Company (or
any Related Entity) by a person in the capacity of an Employee, a non-employee
member of the board of directors or a consultant or independent advisor, except
to the extent otherwise specifically provided in the documents evidencing the
option grant.

           K.   Stock Exchange shall mean either the American Stock Exchange or
the New York Stock Exchange.

           L.   10% Stockholder shall mean the owner of stock (as determined
under Code Section 424(d)) possessing more than ten percent (10%) of the total
combined voting power of all classes of stock of the Company (or any Related
Entity).

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                          PCS RESEARCH TECHNOLOGY, INC.
                            2001 STOCK PLAN AMENDMENT

     This PCS Research Technology, Inc. 2001 Stock Plan (the "2001 Plan") is
hereby amended as follows:

     1.   Article One, Section V, Paragraph B of the 2001 is amended to read as
follows:

          B.   Aggregate Limit. The maximum number of shares of Common Stock
     that may be issued under the Plan shall not exceed 4,000,000 shares.

     2.   Except as expressly amended, the provisions of the Plan shall remain
in full force and effect.

     3.   This Amendment shall be effective immediately upon approval by the
Company's Board of Directors and stockholders of the Company.

                                              Adopted by the Board of Directors
                                              this 10th day of December 2001.

                                              Approved by the Stockholders
                                              this 10th day of May, 2002

                                       13<PAGE>

EX-10.11 EMPLOYMENT AGREEMENT

                              EMPLOYMENT AGREEMENT

         THIS AGREEMENT is made as of the 28th day of August, 2002, at
Westminster, Colorado, between EVERLERT, INC., a Nevada corporation
("Corporation" or "Company" or "Employer"), and JAMES ALEXANDER, ("Employee" or
"Executive").

         In consideration of the mutual covenants, agreements and provisions
contained in this Agreement, the parties agree as follows:

EMPLOYMENT

1.0 EMPLOYMENT. Employer employs Employee as President, and Employee accepts
employment, upon the terms and conditions set forth herein.

2.0 TERM. This Agreement shall commence effective as of August 27,2002, and
shall continue in effect for a period of three (3) years (the "Employment
Period"); unless terminated earlier, by Company or Employee, upon prior written
notice. Further, if a change of control (as defined herein) of the Company shall
have occurred during the Employment Period, this Agreement shall continue in
effect for a period of twelve (12) months beyond the month in which such change
of control occurred.

3.0 CHANGE OF CONTROL. The term "Change of Control of the Company" shall mean a
change in control of a nature that would be required to be reported in response
to Item 5(f) of Schedule 14A of Regulation 14A promulgated under the Securities
Exchange Act of 1934 as in effect on the date of this Agreement or, if Item 5(f)
is no longer in effect, any regulations issued by the Securities and Exchange
Commission pursuant to the Securities and Exchange Act of 1934 which serve
similar purposes; provided that, without limitation, such change in control
shall be deemed to have occurred if and when (a) any "person" (as such term is
used in Sections 13(d) and 14(d)(2) of the Securities Exchange Act of 1934) is
or becomes a beneficial owner, directly or indirectly, of securities of the
company representing 25% or more of the combined voting power of the company's
then outstanding securities or (b) individuals who were members of the board of
directors of the Company immediately prior to a meeting of the shareholders of
the Company involving a contest for the election of directors shall not
constitute a majority of the board of directors following such election.

4.0 COMPENSATION. For all services to be rendered by the Employee pursuant to
his duties set forth in this Agreement, the Employee shall be paid as
compensation;

         4.1. BASE SALARY AND CONSIDERATIONS. A fixed compensation in the amount
of 1,500,000 shares of common stock per year, payable in equal annual
installments, registered under Form 144. This salary, shall be reviewed and may
be adjusted from time to time during the term of this Agreement by the
Corporation's board of directors or Compensation and Benefits Committee of the
Board.

                                       1
<PAGE>

         4.1.1 PERFORMANCE BONUS. Company shall also pay to executive, a bonus
from time-to-time based upon performance of the executive. The criteria to help
determine the performance of the executive may include for example, stock price,
market share, sales, earnings per share, return on effective merger and or
acquisitions. The ultimate amount of bonus shall be determined by the Corporate
board of directors.

         4.2. STOCK ISSUANCES. Executive shall be issued:

                  4.2.1 One Million Five hundred thousand (1,500,000)
unregistered shares of the Common Stock of the Company annually. Company
undertakes no obligation to register these shares.

                  Issuance of the shares shall be in accordance with all
applicable securities laws and any and all other terms and conditions of the
Company's ESSP to be adopted by the Company.

         4.3 EMPLOYEE BENEFIT PLANS. The Employee, his dependents and
beneficiaries, shall be entitled to participate in any pension, profit sharing,
medical reimbursement, insurance or other employee payment or benefit plan of
the Employer as may be in effect from time to time, subject to the participation
standards and other terms thereof, to the same extent as other officers under
the benefit practices of the Company.

                  4.3.1 PENSION AND PROFIT SHARING PLANS. Executive shall be
entitled to participate in any pension or profit sharing plan or other type of
plan adopted by Company for the benefit of its officers and/or regular employees

         4.4 CUMULATIVE COMPENSATION. The compensation provided for in
paragraphs 4.1, 4.1.1, 4.2 and 4.3 above, together with the perquisites set
forth in section 6.0 below, are in addition to the benefits provided for upon
termination pursuant to Section 12.0 below.

         4.5 INDEMNIFICATION. The Corporation hereby agrees to indemnify, and
keep indemnified in accordance with, and to the fullest extent authorized by,
the Laws of the State of Colorado as it may be in effect from time to time, the
Employee, from and against any expenses (including attorney's fees), judgments,
fines and amounts paid in settlement actually and reasonably incurred by the
Employee in connection with any threatened, pending or completed action, suit or
proceeding, whether or not such action is by or in the right of the Corporation
or such other enterprise with respect to which the Employee serves or has served
as a director, officer or employee, by reason of the fact that the Employee is
or was a director, officer or employee , of the Corporation, or is or was
serving at the request of the Corporation as a director, officer or employee of
another corporation, partnership, joint venture, trust or other enterprise. The
indemnification rights granted to the Employee under this Agreement shall not be
deemed exclusive of, or in limitation of, any rights to which Employee may be
entitled under the law of its state of incorporation, the Corporation's
Certification of Incorporation of By-Laws, any other agreement, vote of
stockholders or directors or otherwise.

                                       2
<PAGE>

5.0 EXPENSES. During the term hereof, the Corporation will reimburse the
Employee for any reasonable out-of-pocket expenses incurred by the Employee in
performance of service for the Corporation under this Agreement (e.g.,
transportation, lodging and food expenses incurred while traveling on
Corporation business) and any other expenses incurred by the Employee in
furtherance of the Corporation's business; provided, however, that the Employee
renders to the Corporation a complete and accurate accounting of all such
expenses.

6.0 PERQUISITES. During the period of employment, Employee shall be entitled to
perquisites, including, without limitation, an appropriate office, and fringe
benefits accorded executives of equal rank.

7.0 MINIMUM COMPENSATION. Nothing in this Agreement shall preclude the Company
from amending or terminating any employee benefit plan or practice or the
provision of certain perquisites; provided, however, that it is the intent of
the parties that the Employee shall continue to be entitled, during the period
of employment, to compensation, benefits and perquisites as set forth above at
least equal to those attached to his position on the date of this Agreement.
Nothing in this Agreement shall operate or be construed to reduce, or authorize
a reduction, without the Employee's written consent, in the level of such
compensation, benefits and perquisites.

8.0 VACATIONS. The Employee shall be entitled to a vacation with full
compensation equal to (3) weeks each year; provided, however, that the
Employee's vacation will be scheduled at such time as will least interfere with
the business of the Employer. Attendance at a business seminar is not to be
deemed a vacation; provided, whoever, that attendance at such meetings or
seminars shall be planned so as to least interfere with the business of the
Employer.

9.0 EMPLOYMENT. The Company hereby agrees to continue the Executive in its
employ, and the Executive hereby agrees to remain in the employ of the Company,
for the Employment Period as specified in Section 2.0, to exercise such
authority and perform such duties as are commensurate with the authority being
exercised and duties being performed by the Executive immediately prior to the
effective date of this Agreement, which services shall be performed at the
location where the Executive was employed immediately prior to the Effective
Date of this Agreement or at such other location as the Company may reasonably
require; provided that the Executive shall not be required to accept a location
which is unreasonable in the light of the Executive's personal circumstances

10.0 PERFORMANCE. It is contemplated that during the period of employment the
Employee shall serve as an executive of the Company with the office and title of
President reporting directly to the Chief Executive Officer during the period of
employment, the Employee shall hold a position of responsibility and importance
and a position of scope, with the functions, duties and responsibilities
attached thereto, at least equal to in responsibility and importance and in
scope to and commensurate with his position described in general terms in this
Section 10.0.

                                       3
<PAGE>

11.0     TERMINATION.

         11.1 During the period of employment, Employee may terminate this
Agreement without cause or for cause. For the purposes of this Section 11.1, the
term "cause" shall include the occurrence of any of the following:

                  11.1.1 The breach or violation by the Company of any of the
terms of this Agreement;

                  11.1.2 Any significant change in position, duties and
responsibilities of the Employee to which the Employee does not consent;

                  11.1.3 In the event of a change in control as defined in
Section 2.0 hereof, any change in the circumstances of employment which the
Employee determines, in good faith, results in his being unable to carry out the
duties and responsibilities attached to the position and contemplated by the
definition of that position set forth in this Agreement.

         11.2 In the event of an occurrence described in subsection 11.1.1,
11.1.2, or 11.1.3 above, the Employee shall serve written notice of such event
upon the Company, setting forth in detail the circumstances which the Employee
has determined constitutes "cause" within any of those definitions. In the event
the Company should remedy or otherwise cure the facts constituting the cause
relied upon by the Employee within thirty (30) days after such written notice,
such fact or circumstance shall not be deemed to constitute "cause" for which
employment can be terminated within the meaning of Section 11.1 above.

         11.3 During the period of employment, the Corporation may terminate
this Agreement for cause and upon 30 days written notice and opportunity to cure
being given to Employee. For the purpose of this Section 11.3, the term "cause"
shall include the occurrence of any of the following:

                  11.3.1 Employee breaches or violates any of the terms of this
Agreement;

                  11.3.2 Employee is convicted of any felony or is shown to have
engaged in any act of dishonesty or fraud upon the Corporation, any of its
affiliated companies, or any of its customers or clients;

         11.4 During the period of employment, the Corporation may not terminate
this Agreement without cause.

                                       4
<PAGE>

         11.5 This Agreement shall also terminate upon the insolvency,
bankruptcy, dissolution, or liquidation of the Corporation or cessation of
business by the Corporation for at least thirty (30) consecutive days.

12.0 TERMINATION PAYMENTS. In the event of a Termination and subject to the
provisions of Sections 11.1.1., 11.1.2., 11.1.3. or 11.4 of this Agreement, the
Company shall pay to the Executive and provide him with the following:

         12.1 the Company shall continue to pay the Executive his salary on a
monthly basis at the same rate as an amount equal to payment at Executive's base
salary rate for the remaining period of Term, plus an amount equal to one
hundred percent (100%) of Executive's base salary. Any shares not yet vested in
Employee shall vest immediately.

         12.2 During the remainder of the Employment or payment Period, the
Executive shall continue to be treated as an employee under the provisions of
any incentive compensation described in Section 4.2. In addition, the Executive
shall continue to be entitled to all benefits and service credit for benefits
under medical, insurance, split-dollar life insurance and other employee benefit
plans, programs and arrangements of the Company described or referred to in
Section 4.3 as if he were still employed during such period under this
Agreement.

         12.3 If, despite the provisions of paragraph 12.2 above, benefits or
the right to accrue further benefits under any stock option or other incentive
compensation arrangement described in Section 4.2 shall not be provided under
any such arrangement to the Executive or his dependents, beneficiaries or estate
because he is no longer an employee of the Company, the Company shall, to the
extent necessary, pay or provide for payment of such benefits to the Executive
or his dependents, beneficiaries or estate.

13.0 DISABILITY.

         13.1 If the Employee is unable to perform the Employee's services by
reason of illness or incapacity, the Employee's regular compensation shall be
continued for a period of four (4) months following the week in which such
illness or incapacity commences, at the end of which time no further
compensation shall be due and payable to the Employee until the Employee shall
return and resume the Employee's duties. In the event the Employee is eligible
to receive payments on account of the fringe benefit program covering disability
provided by the Corporation, then the Employee's base salary, as defined as
above, will be reduced to the extent of such entitlement and receipt.

         13.2 If, because of illness, physical or mental disability or other
incapacity, Employee shall fail, for a period of 120 work days during the term
hereof, to render the services provided for by this Agreement, or if Employee
contracts an illness or injury which will permanently prevent performance by him
of the services and duties provided for by this Agreement by notice to the
Employee effective 30 days after the giving of such notice, after which
additional compensation shall be due as contained in paragraph 14.0 after the
receipt of which no additional compensation shall be due.

                                       5
<PAGE>

14.0 DEATH. In the event of the death of Employee during the term of this
Agreement, his employment hereunder shall terminate on the date of his death. In
the accounting between the Employer and the Employee's personal representative,
Employee's estate shall be due compensation under this Agreement equal to one
year of Employee's salary. Further one-fourth of the total amount of shares to
be issued to Employee pursuant to 4.2.1, Three Million Six Hundred (3,600,000)
shares, shall vest immediately, if not yet vested in Employee prior to his
death.

15.0 COMPETITION.

         15.1 Employee convenants to and with the Employer, its successors and
assigns, that during the term of this Agreement and for a period of twelve (12)
months from the date of the termination of this Agreement for any reason, he
will not directly or indirectly, enter into any agreement or arrangement with
any other person, firm, corporation or entity to conduct any research or
development, nor shall Employee directly or indirectly conduct such research or
development on his own behalf, related to the discovery of processes,
inventions, improvement, development or commercialization of any new device,
apparatus or product competitive with a product developed, produced or reduced
to practice solely by the Corporation, unless Employee shall have first obtained
the Corporation's expressed written consent thereto.

         15.2 In the event of a breach or threatened breach by Employee of any
provisions of this Section 15.0 the Corporation shall be entitled to an
injunction restraining it from the commission of such breach. Nothing herein
contained shall be construed as prohibiting the Corporation from pursuing any
other remedies available to it for such breach or threatened breach, including
the recovery of money damages. The covenants contained in this Section 15.0
shall be construed as independent of any other provisions in this Agreement; and
the existence of any claim or cause of action of Employee against the
Corporation, whether predicated on this Agreement or otherwise, shall not
constitute a defense to the enforcement by the Corporation of said covenants.

         15.3 The covenants contained in this Section 15.0 shall terminate and,
upon termination, shall be unenforceable and of no further legal force and
effect, in the event the Corporation, or any successor to the Corporation,
becomes insolvent, is liquidated or ceases for any reason to conduct business
operations for a continuous period of at least thirty (30) days.

         15.4 The Corporation shall have the right to assign the aforesaid
covenants; and Employee agrees to remain bound by the terms of the covenants to
any and all subsequent purchaser and assignees of the assets and business of the
Corporation.

16.0 NON-INTERFERENCE WITH EMPLOYEES.

         16.1 Employee convenants with the Corporation that employees of or
consultants to the Corporation and employees of and consultants to firms,
corporations or entities affiliated with the Corporation have, of necessity,
been exposed to and have acquired certain knowledge, understandings, and
know-how concerning the Corporation's business operations which is confidential
information and proprietary to the Corporation.

                                       6
<PAGE>

         16.2 In order to protect the Corporation's confidential information and
to promote and insure the continuity of the Corporation's contractual relations
with its employees and consultants, Employee covenants and agrees that for so
long as Employee holds any position or affiliation with the Corporation,
including service to the Corporation as an officer, director, employee,
consultant, agent or contractor, and for a period of twelve (12) months from the
date Employee ceases to hold any such position or status with the Corporation or
otherwise becomes disaffiliated with the Corporation, he will not directly or
indirectly, or permit or encourage other to directly or indirectly (i) interfere
in any manner whatsoever with the Corporation's contractual or other relations
with any or all of its employees or consultants, or (ii) induce or attempt to
induce any employee or consultant to the Corporation to cease performing
services for or on behalf of the Corporation, or (iii) solicit, offer to retain,
or retain, or in any other manner engage or employ the services of, any person
or entity who or which is retained or engaged by the Corporation, or any firm,
corporation or entity affiliated with the Corporation, as an employee,
consultant or agent.

         16.3 In the Event any court of competent jurisdiction determines or
holds that all or any portion of the covenants contained in this Section 16.0
are unlawful, invalid, or unenforceable for any reasons, then the parties hereto
agree to modify the provisions of this Section 16.0 if and only to the extent
necessary to render the covenants herein contained enforceable and otherwise in
conformance with all legal requirements.

17.0 CLIENTS AND CUSTOMERS.

         17.1 Employee covenants with the Corporation that the clients and
customers of the Corporation, both actual and contemplated, constitute actual
and prospective business relationships which are proprietary to the Corporation
and comprise, in part, the Corporation's confidential information and trade
secrets.

         17.2 In order to protect the Corporation's proprietary rights and to
promote and ensure the continuity of the Corporation's contractual relations
with its customers and clients, Employee covenants and agrees that,
notwithstanding the provisions of Section 15.1 hereof, and for so long as
Employee holds any position or affiliation with the Corporation, including
service to the Corporation as an officer, director, employee, consultant, agent
or contractor, and for a period of twelve (12) months from the date Employee
ceases to hold any such position or status with the Corporation or otherwise
becomes disaffiliated with the Corporation, he will not directly or indirectly,
or permit or encourage others to directly or indirectly (i) interfere in any
manner whatsoever with the Corporation's contractual relations with any clients
or customers, or (ii) induce or attempt to induce any client or customer of the
Corporation to cease doing business with the Corporation.

                                       7
<PAGE>

         17.3 In the event any court of competent jurisdiction determines or
holds that all or any portions of the covenants contained in this Section 17.0
are unlawful, invalid or unenforceable for any reason, then the parties hereto
agree to modify the provisions of this Section 17.0 if and only to the extent
necessary to render the covenants herein contained enforceable and otherwise in
conformance with all legal requirements.

18.0 COVENANT TO RETAIN CONFIDENCES.

         18.1 Employee understands that all information learned, known, made,
devised or developed concerning any of the Company's products and activities,
including, without limitation, any inventions, discoveries, improvements,
processes, formulas, computer programs (including their structure, sequence,
organization, coherence, look and feel), apparatus, equipment, customer and
client lists, marketing plans, mailing lists, art, graphics, display, research,
and the like used by the Corporation in connection with its business constitutes
the confidential information, proprietary information and trade secrets of the
Corporation. Employee covenants and agrees that he will not (except as required
in the course of his position with the Corporation), during the term hereof or
thereafter for a period of twelve (12) months, communicate or divulge to, or use
for the benefit of himself or any other person, firm, association, or
corporation, without the consent of the Corporation, any confidential
information or trade secrets possessed, owned, or used by the Corporation or its
affiliates that may be communicated to, acquired by, or learned of by the
Employee in the course of or as a result of his services with the Corporation.
For the purposes of this Section 18.1, confidential information of the
Corporation shall not include (i) any information developed by the Employee
independently of services performed by the Employee for the Corporation pursuant
to this Agreement; (ii) any information rightfully obtained by the Employee from
a third party without restriction; (iii) any information publicly available
other than through the fault or negligence of the Employee; (iv) any information
disclosed by the corporation to third parties without restriction; or (v)
information already known by the Employee prior to its disclosure by the
Corporation.

         18.2 Employee will not use in the course of Employee's employment with
the Corporation, or disclose or otherwise make available to the Corporation, any
information, documents or other items which Employee may have received from any
other person or entity (including any prior employer), and which Employee is
prohibited from so using, disclosing or making available.

         18.3 All records, files, memoranda, reports, price lists, customer
lists, drawings, plans, sketches, documents, prototypes, testing data,
equipment, electronically stored information on disk, tape or any other medium
or existing in computer memory transmitted by any means, including, but not
limited to, telephone or electronic data transmission and the like, relating to
the business of the Corporation or its affiliates, which Employee shall use or
prepare or come into contact with, shall remain the sole property of the
Corporation.

19.0 WORK PRODUCT.

         19.1 All trade secrets, know-how, confidential information,
copyrightable material, inventions, discoveries, and improvements, including
computer programs (their structure, sequence, organization, coherence, look and
feel), whether patentable or unpatentable, copyrightable or uncopyrightable,
made, devised, discovered or reduced to practice by the Employee, whether by
himself or jointly with others, from the time of becoming an employee of the
Corporation until the termination of that status, shall be deemed work for hire
and shall be promptly disclosed in writing to the Corporation and are to redound
to the benefit of the Corporation and become and remain its sole and exclusive
property.

                                       8
<PAGE>

         19.2 By executing this Agreement, Employee hereby transfers and assigns
to the Corporation, or person, firms or corporations designated by the
Corporation, any or all of Employee's rights, title and interest in and to any
and all developments, inventions, computer programs, discoveries, improvements,
processes, devices, copyrights, patents and patent applications therefore, and
to execute at any and all times any and all instruments and do any and all acts
necessary or which the Corporation may deem desirable in connection with
conveying, transferring and assigning Employee's entire right, title and
interest in and to any inventions, discoveries, improvements, computer programs,
processes devices, copyrights, patent applications therefore or patents thereon
in any way related to the technology or trade secrets developed, discovered or
reduced to practice by Employee during the term of this Agreement, it being the
express understanding and agreement of the parties that any and all future
developments, inventions, and discoveries of Employee during the term hereof
shall be the property of the Corporation, or its assigns.

20.0 PATENTS AND COPYRIGHTS.

         20.1 Employer shall cause to be filed United States and foreign patent
and/or copyright applications on each invention deemed to be patentable or
copyrightable and embodied in any technology developed and reduced to practice
during the term hereof which inure to the Corporation by virtue of the
provisions of Section 19.0 hereof.

         20.2 The Corporation shall forfeit patent rights or copyrights to any
patentable or copyrightable technology developed by Employee during the term
hereof in any jurisdiction in which it fails to file patent or copyright
applications after a timely request by Employee. Employer shall provide to
Employee a copy of each application filed, and within six (6) months thereafter
Employee shall designated what, if any, foreign countries he desires
applications to be filed. Patent or copyright prosecution and maintenance shall
be done by an attorney to be selected by the Corporation and approved by
Employee, which approval shall not be unreasonably withheld. All reasonable
expense of filing, prosecution and maintenance of domestic and foreign patents
or copyrights and patent or copyright applications shall be borne by Employer.

         20.3 Employer and Employee agree to forebear from, and not permit
others to make or permit any public disclosure of any of the patentable matter
prior to the application for a United States patent. All foreign patent
applications shall be made no later than one (1) year following the date of the
U.S. patent application.

                                       9
<PAGE>

         20.4 All patents shall be applied for in the name of Employee, as
inventor, and shall be assigned to the Corporation or its assigns. All
copyrights shall be registered in the name of the Corporation. The Employee
shall, upon demand, execute and deliver to the Corporation or its assigns such
documents or assignments as may be deemed necessary or advisable by counsel for
the Corporation or its assigns for filing in the appropriate patent offices to
evidence the assignment of the patent rights hereby granted.

21.0 REPRESENTATIONS OF EMPLOYEE. The Employee represents that, to the best of
his knowledge and belief, neither his affiliation with the Corporation, nor his
holding any position as officer, director, Employee, or consultant with the
Corporation, nor his ownership of common stock in the Corporation, nor his
performing any other services for the Corporation violates any presently
existing, valid and enforceable contract, agreement, commitment or other legal
relationship between Employee and any other person or entity.

22.0 ATTORNEYS' FEES. In the event there is any litigation or arbitration
between the parties concerning this Agreement, the successful party shall be
awarded reasonable attorneys' fees and litigation or arbitration costs,
including the attorneys' fees and costs incurred in the collection of any
judgment.

23.0 NOTICES. All notices required or permitted hereunder shall be sufficient if
delivered personally or mailed to the parties at the address set forth below or
at such other address as either party may designate in writing from time to
time. Any notice by mailing shall be effective 48 hours after it has been
deposited in the United States certified mail, return receipt requested, duly
addressed and with postage prepaid.

24.0 PARTIAL INVALIDITY. If any provisions of this Agreement are in violation of
any statute or rule of law of any state or district in which it may be sought to
be enforced, then such provisions shall be deemed null and void only to the
extent that they may be in violation thereof, but without invalidating the
remaining provisions.

25.0 BINDING EFFECT. This Agreement shall be binding upon and inure to the
benefit of the respective parties hereto, their heirs, personal representatives,
successors and assigns; provided, however, that Employee may not assign his
employment hereunder, and any assignment by Employee in violation of this
Agreement shall vest no rights in the purported assignee.

26.0 WAIVER. No waiver of any breach of any one of the agreements, terms,
conditions or covenants of this Agreement by the Employer or the Employee shall
be deemed to imply or constitute a waiver of any other agreement, term,
condition or covenant of this Agreement. The failure of either party to insist
on strict performance of any agreement, term, condition or covenant, herein set
forth, shall not constitute or be construed as a waiver of the rights of either
or the other thereafter to enforce any other default of such agreement, term,
condition or covenant; neither shall such failure to insist upon strict
performance be deemed sufficient grounds to enable either party hereto to forego
or subvert or otherwise disregard any other agreement, term, condition or
covenants of this Agreement.

                                       10
<PAGE>

27.0 GOVERNING LAW. This Agreement and the rights and duties of the parties
shall be construed and enforced in accordance with the laws of the State of
Colorado.

28.0 ENTIRE AGREEMENT. This Agreement constitutes the entire agreement of the
parties hereto with respect to the subject matter thereof. There are no
representations, warranties, conditions or obligations except as herein
specifically provided. Any amendment or modification hereof must be in writing.

         IN WITNESS WHEREOF, the parties to this Agreement have duly executed it
on the day and year first above written.

                                          EMPLOYER:

                                          EVERLERT, INC.

                                          By: /s/ Dannie Shaver
                                              ------------------------
                                          Dannie Shaver, Secretary/Treasurer

                                          EMPLOYEE:

                                          /s/ James Alexander
                                          ------------------------
                                          James Alexander

                                       11

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