2001-01-16 ~ S-8

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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FORM S-8

REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933

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CYBER MARK INTERNATIONAL CORP.
(Exact Name of Registrant as Specified in Its Charter)


Delaware N/A
State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization Identification Number)

359 ENFORD ROAD, UNIT 1
RICHMOND HILL, ONTARIO, CANADA L4C 3G2
(Address of Principal Executive Offices)


1998 PERFORMANCE EQUITY PLAN
2000 PERFORMANCE EQUITY PLAN
AND OTHER EMPLOYEE OPTION PLANS
(Full Title of the Plan)


SAMUEL SINGAL, Chairman
Cyber Mark International Corp.
359 Enford Road, Unit 1
Richmond Hill, Ontario, Canada L4C 3G2
[phone]
(Name, Address and Telephone Number, Including Area Code, of Agent For Service)

with a copy to:

ANDREW D. HUDDERS, ESQ.
Graubard Mollen & Miller
600 Third Avenue
New York, New York 10016-2097
Telephone: [phone]

CALCULATION OF REGISTRATION FEE

Proposed maximum Proposed maximum
Title of Securities Amount to be offering price aggregate Amount of
to be registered registered(2) per share offering price registration fee
=========================================== =============== =============== ================== =================
<S> <C> <C> <C> <C>
Common stock issuable upon exercise of
options which may be granted under the
1998 Performance Equity Plan and the
2000 Performance Equity Plan .............. 4,530,000 $.13(1) $588,900 $147.23

Common stock issuable upon exercise of 200,000 $.625 $125,000 $ 31.25
awards pursuant to other employee option 280,000 $.50 $140,000 $ 35.00
plans(3)................................... 1,000,000 $.25 $250,000 $ 62.50
-------- -------
TOTAL $1,103,900 $275.98
</TABLE>


(1) Based on the last sale price of a share of our common stock as reported
by The OTC Bulletin Board on January 12, 2001 in accordance with Rules
457(c) and 457(h) promulgated under the Securities Act of 1933, as
amended ("Securities Act").

(2) Pursuant to Rule 416, there are also being registered additional shares
of common stock as may become issuable pursuant to the anti-dilution
provisions of such plan.

(3) Represents the exercise prices payable for the shares issuable upon
exercise of outstanding options granted under other employee option
plans in accordance with Rule 457(h) promulgated under the Securities
Act.

------------------

In accordance with the provisions of Rule 462 promulgated under the
Securities Act, this registration statement will become effective upon filing
with the Securities and Exchange Commission.

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PART I

INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

Item 1. Plan Information.*

Item 2. Registrant Information and Employee Plan Annual Information. *



* Information required by Part I to be contained in the Section
10(a) prospectus is omitted from this registration statement
in accordance with Rule 428 under the Securities Act and the
Note to Part I of Form S-8.


PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3. Incorporation of Documents by Reference.

The following documents previously filed by us with the SEC are
incorporated by reference in this registration statement:

o our Annual Report on Form 10-KSB for the fiscal year ended
December 31, 1999;

o our Quarterly Report on Form 10-QSB for the period ended
March 31, 2000;

o our Quarterly Report on Form 10-QSB for the period ended
June 30, 2000;

o our Quarterly Report on Form 10-QSB for the period ended
September 30, 2000;

o our Proxy Statement dated June 26, 2000; and

o the description of our common stock, par value $.0001 per
share, contained in our registration statement on Form 10-SB
File (No. 0-26919) filed with the SEC pursuant to Section
12(g) of the Exchange Act, including any subsequent
amendment(s) or report(s) filed for the purpose of updating
such description.

All documents subsequently filed by us pursuant to Sections 13(a),
13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective
amendment which indicates that all the securities offered have been sold or
which deregisters all securities then remaining unsold, shall be deemed to be
incorporated by reference in this registration statement and to be a part of
this registration statement from the respective date of filing. Any statement
contained in a document incorporated by reference in this registration statement
will be modified or superseded for all purposes to the extent that a statement
contained in this registration statement or in any other subsequently filed
document which is incorporated by reference modifies or replaces such statement.

Item 4. Description of Securities.

Our common stock is registered under Section 12(g) of the Exchange
Act.

Item 5. Interests of Named Experts and Counsel.

Not applicable.

Item 6. Indemnification of Directors and Officers.

Section 145 of the General Corporation Law of the State of Delaware
empowers a Delaware corporation to indemnify any person who was or is a party or
is threatened to be made a party to any threatened, pending, or completed
action, suit, or proceeding, whether civil, criminal, administrative, or
investigative (other than an action by or in the right of the corporation) by
reason of the fact that such person is or was a director, officer, employee, or
agent of the corporation, or is or was serving at the request of the corporation
as a director, officer, employee, or agent of another corporation, partnership,
joint venture, trust, or other enterprise, against expenses (including
attorneys' fees), judgments, fines, and amounts paid in settlement actually and
reasonably incurred by such person in connection with such action, suit, or
proceeding if such person acted in good faith and in a manner such person reasonably believed to be in or not opposed to the best interests of the
corporation, and with respect to any criminal action or proceeding, had no
reasonable cause to believe that such person's conduct was unlawful. The
termination of any action, suit, or proceeding by judgment, order, settlement,
conviction, or upon plea of nolo contendere or its equivalent, does not, of
itself, create a presumption that such person did not act in good faith and in a
manner that such person reasonably believed to be in or not opposed to the best
interests of the corporation, and, with respect to any criminal action or
proceeding, had reasonable cause to believe that such person's conduct was
unlawful.

In the case of an action by or in the right of the corporation,
Section 145 empowers a corporation to indemnify any person who was or is a party
or is threatened to be made a party to any threatened, pending, or completed
action in any of the capacities set forth above against expenses (including
attorneys' fees) actually and reasonably incurred by such person in connection
with the defense or settlement of such action or suit if such person acted in
good faith and in a manner that such person reasonably believed to be in and not
opposed to the best interests of the corporation, except that indemnification is
not permitted in respect of any claim, issue, or matter as to which such person
is adjudged to be liable to the corporation unless and only to the extent that
the Court of Chancery or the court in which such action or suit was brought
determines upon application that, despite the adjudication of liability but in
view of all the circumstances of the case, such person is fairly and reasonably
entitled to indemnity for such expenses that the Court of Chancery or such other
court deems proper.

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Section 145 further provides:

o that a Delaware corporation is required to indemnify a
director, officer, employee, or agent against expenses
(including attorneys' fees) actually and reasonably incurred
by such person in connection with any action, suit, or
proceeding or in defense of any claim, issue, or matter
therein as to which such person has been successful on the
merits or otherwise;

o that indemnification provided for by Section 145 shall not
be deemed exclusive of any other rights to which the
indemnified party may be entitled;

o that indemnification provided for by Section 145 shall,
unless otherwise provided when authorized or ratified,
continue as to a person who has ceased to be a director,
officer, employee, or agent and shall inure to the benefit
of such person's heirs, executors, and administrators; and

o that a Delaware corporation may purchase and maintain
insurance on behalf of its directors or officers against any
such liability asserted against them as directors or
officers or arising out of their status as directors or
officers whether or not the corporation would have the power
to indemnify them against liability under Section 145.

A Delaware corporation may provide indemnification only as authorized in the
specific case upon a determination that indemnification of the director,
officer, employee or agent is proper in the circumstances because he has met the
applicable standard of conduct. Such determination is to be made (i) by the
board of directors by a majority vote of a quorum consisting of directors who
were not party to such action, suit, or proceeding, or (ii) if such a quorum is
not obtainable, or, even if obtainable, a quorum of disinterested directors so
directs, by independent legal counsel in a written opinion, or (iii) by the
stockholders.

Article VI of our Bylaws provide for indemnification of our directors
and officers to the fullest extent permitted by law, as now in effect or later
amended. Article VI of our Bylaws provides that expenses incurred by a director
or officer in defending a civil or criminal action, suit, or proceeding may be
paid by us in advance of a final disposition upon receipt of an undertaking by
or on behalf of the director or officer to repay such amount if it is ultimately
determined that the director or officer was not entitled to be indemnified by
us.

Paragraph 15 of our Certificate of Incorporation eliminates the
personal liability of our directors to the fullest extent permitted by the
provisions of Section 102 of the Delaware General Corporation Law, as the same
may be amended and supplemented.

Item 7. Exemption from Registration Claimed.

Not Applicable.


Item 8. Exhibits.

Exhibit No. Description
- ----------- -----------

4.1 1998 Performance Equity Plan (incorporated by reference to
Registrant's Registration Statement on Form 10-SB filed with the
SEC on August 3, 1999 (File No. 0-26919))

4.2 Form of 2000 Performance Equity Plan

4.3 Form of Stock Option Agreement for the purchase of 40,000 shares
of common stock between the Registrant and James Runge

4.4 Form of Stock Option Agreement, as amended, for the purchase of
40,000 shares of common stock between the Registrant and Allan
Fryman

4.5 Stock Option Agreement for the purchase of 600,000 shares of
common stock between Registrant and Israel Ellis

4.6 Form of Stock Option Agreement for the purchase of 800,000
shares of common stock between Registrant and Joseph Byck

5.1 Opinion of Graubard Mollen & Miller

23.1 Consent of Citrin Cooperman & Company, LLP, independent auditors
for the Company

23.2 Consent of Graubard Mollen & Miller (Included in Exhibit 5.1)


Item 9. Undertakings.

(a) The undersigned registrant hereby undertakes:

(1) To file, during any period in which offers or sales are
being made, a post-effective amendment to this registration statement;

(i) To include any prospectus required by Section 10(a)(3)
of the Securities Act of 1933;

(ii) To reflect in the prospectus any facts or events
arising after the effective date of the registration statement (or the
most recent post-effective amendment thereof) which, individually or
in the aggregate, represent a fundamental change in the information
set forth in the registration statement.

(iii) To include any material information with respect to
the plan of distribution not previously disclosed in the registration
statement or any material change to such information in the
registration statement;

provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the
registration statement is on Form S-3, Form S-8 or Form F-3, and the information
required to be included in a post-effective amendment by those paragraphs is
contained in periodic reports filed with or furnished to the Commission by the
registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange
Act of 1934 that are incorporated by reference in the registration statement.

(2) That, for the purpose of determining any liability under
the Securities Act of 1933, each such post-effective amendment shall be deemed
to be a new registration statement relating to the securities offered therein,
and the offering of such securities at that time shall be deemed to be the
initial bona fide offering thereof.

(3) To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the
termination of the offering.

(b) The undersigned registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of the
registrant's annual report pursuant to Section 13(a) or Section 15(d) of the
Securities Exchange Act of 1934 (and, where applicable, each filing of an
employee benefit plan's annual report pursuant to Section 15(d) of the
Securities Exchange Act of 1934) that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.

(c) Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the registrant pursuant to the foregoing provisions, or otherwise,
the registrant has been advised that in the opinion of the Securities and
Exchange Commission such indemnification is against public policy as expressed
in the Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
registrant of expenses incurred or paid by a director, officer or controlling
person of the registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in
connection with the registration of the securities being registered, the
registrant will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate jurisdiction
the question whether such indemnification by it is against public policy as
expressed in the Act and will be governed by the final adjudication of such
issue.

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SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the
registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the Richmond Hill, Ontario, on this 11th day of January , 2001.

CYBER MARK INTERNATIONAL CORP.


By: /s/ Samuel Singal
----------------------------------------
Samuel Singal, Chairman of the Board


Pursuant to the requirements of the Securities Act of 1933, as
amended, this registration statement has been signed by the following person in
the capacity and on the date indicated.

Signature Title Date
- ---------- ----- ----

/s/ Samuel Singal Chairman of the Board, President, Chief
- -------------- Operating Officer and Director January 11, 2001
Samuel Singal (Principal Accounting Officer)


EXHIBIT INDEX

Exhibit No. Description
- ----------- -----------

4.1 1998 Performance Equity Plan (incorporated by reference to
Registrant's Registration Statement on Form 10-SB filed with the
SEC on August 3, 1999 (File No. 0-26919))

4.2 Form of 2000 Performance Equity Plan

4.3 Form of Stock Option Agreement for the purchase of 40,000 shares
of common stock between the Registrant and James Runge

4.4 Form of Stock Option Agreement, as amended, for the purchase of
40,000 shares of common stock between the Registrant and Allan
Fryman

4.5 Stock Option Agreement for the purchase of 600,000 shares of
common stock between Registrant and Israel Ellis

4.6 Form of Stock Option Agreement for the purchase of 800,000
shares of common stock between Registrant and Joseph Byck

5.1 Opinion of Graubard Mollen & Miller

23.1 Consent of Citrin Cooperman & Company, LLP, independent auditors
for the Company

23.2 Consent of Graubard Mollen & Miller (Included in Exhibit 5.1)


Exhibit 4.2

Approved by Board of Directors on January 11, 2001
Approved by Stockholders on______, 2001


CYBER MARK INTERNATIONAL CORP.

2000 Performance Equity Plan

Section 1. Purpose; Definitions.

1.1 Purpose. The purpose of the Cyber Mark International Corp. 2000
Performance Equity Plan is to enable the Company to offer to its employees,
officers, directors and consultants whose past, present and/or potential
contributions to the Company and its Subsidiaries have been, are or will be
important to the success of the Company, an opportunity to acquire a proprietary
interest in the Company. The various types of long-term incentive awards that
may be provided under the Plan will enable the Company to respond to changes in
compensation practices, tax laws, accounting regulations and the size and
diversity of its businesses.

1.2 Definitions. For purposes of the Plan, the following terms shall
be defined as set forth below:

(a) "Agreement" means the agreement between the Company and the
Holder setting forth the terms and conditions of an award under the Plan.

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

(c) "Code" means the Internal Revenue Code of 1986, as amended from
time to time.

(d) "Committee" means the Stock Option Committee of the Board or
any other committee of the Board that the Board may designate to administer the
Plan or any portion thereof. If no Committee is so designated, then all
references in this Plan to "Committee" shall mean the Board.

(e) "Common Stock" means the Common Stock of the Company, $.01 par
value per share.

(f) "Company" means Cyber Mark International Corp, a corporation
organized under the laws of the State of Delaware.

(g) "Deferred Stock" means Common Stock to be received, under
an award made pursuant to Section 8, below, at the end of a specified deferral
period.

(h) "Disability" means physical or mental impairment as determined
under procedures established by the Committee for purposes of the Plan.

(i) "Effective Date" means the date set forth in Section 11.1,
below.

(j) "Fair Market Value", unless otherwise required by any
applicable provision of the Code or any regulations issued thereunder, means, as
of any given date: (i) if the Common Stock is listed on a national securities
exchange or quoted on the Nasdaq National Market or Nasdaq SmallCap Market, the last sale price of the Common Stock in the principal trading market for the
Common Stock on the last trading day preceding the date of grant of an award
hereunder, as reported by the exchange or Nasdaq, as the case may be; (ii) if
the Common Stock is not listed on a national securities exchange or quoted on
the Nasdaq National Market or Nasdaq SmallCap Market, but is traded in the
over-the-counter market, the closing bid price for the Common Stock on the last
trading day preceding the date of grant of an award hereunder for which such
quotations are reported by the OTC Bulletin Board or the National Quotation
Bureau, Incorporated or similar publisher of such quotations; and (iii) if the
fair market value of the Common Stock cannot be determined pursuant to clause
(i) or (ii) above, such price as the Committee shall determine, in good faith.

(k) "Holder" means a person who has received an award under the
Plan.

(l) "Incentive Stock Option" means any Stock Option intended to be
and designated as an "incentive stock option" within the meaning of Section 422
of the Code.

(m) "Nonqualified Stock Option" means any Stock Option that is not
an Incentive Stock Option.

(n) "Normal Retirement" means retirement from active employment
with the Company or any Subsidiary on or after age 65.

(o) "Other Stock-Based Award" means an award under Section 9,
below, that is valued in whole or in part by reference to, or is otherwise based
upon, Common Stock.

(p) "Parent" means any present or future "parent corporation" of
the Company, as such term is defined in Section 424(e) of the Code.

(q) "Plan" means the Cyber Mark International Corp. 2000
Performance Equity Plan, as hereinafter amended from time to time.

(r) "Restricted Stock" means Common Stock, received under an award
made pursuant to Section 7, below, that is subject to restrictions under said
Section 7.

(s) "SAR Value" means the excess of the Fair Market Value (on the
exercise date) over the exercise price that the participant would have otherwise
had to pay to exercise the related Stock Option, multiplied by the number of
shares for which the Stock Appreciation Right is exercised.

(t) "Stock Appreciation Right" means the right to receive from the
Company, on surrender of all or part of the related Stock Option, without a cash
payment to the Company, a number of shares of Common Stock equal to the SAR
Value divided by the Fair Market Value (on the exercise date).

(u) "Stock Option" or "Option" means any option to purchase shares
of Common Stock which is granted pursuant to the Plan.

(v) "Stock Reload Option" means any option granted under Section
5.3 of the Plan.

(w) "Subsidiary" means any present or future "subsidiary
corporation" of the Company, as such term is defined in Section 424(f) of the
Code.

Section 2. Administration.

2.1 Committee Membership. The Plan shall be administered by the Board
or a Committee. Committee members shall serve for such term as the Board may in
each case determine, and shall be subject to removal at any time by the Board.
The Committee members, to the extent possible and deemed to be appropriate by
the Board, shall be "non-employee directors" as defined in Rule 16b-3
promulgated under the Securities Exchange Act of 1934, as amended ("Exchange
Act"), and "outside directors" within the meaning of Section 162(m) of the Code.

2.2 Powers of Committee. The Committee shall have full authority to
award, pursuant to the terms of the Plan: (i) Stock Options, (ii) Stock
Appreciation Rights, (iii) Restricted Stock, (iv) Deferred Stock, (v) Stock
Reload Options and/or (vi) Other Stock-Based Awards. For purposes of
illustration and not of limitation, the Committee shall have the authority
(subject to the express provisions of this Plan):

(a) to select the officers, employees, directors and consultants of
the Company or any Subsidiary to whom Stock Options, Stock Appreciation Rights,
Restricted Stock, Deferred Stock, Reload Stock Options and/or Other Stock-Based
Awards may from time to time be awarded hereunder.

(b) to determine the terms and conditions, not inconsistent with
the terms of the Plan, of any award granted hereunder (including, but not
limited to, number of shares, share exercise price or types of consideration
paid upon exercise of such options, such as other securities of the Company or
other property, any restrictions or limitations, and any vesting, exchange,
surrender, cancellation, acceleration, termination, exercise or forfeiture
provisions, as the Committee shall determine);

(c) to determine any specified performance goals or such other
factors or criteria which need to be attained for the vesting of an award
granted hereunder;

(d) to determine the terms and conditions under which awards
granted hereunder are to operate on a tandem basis and/or in conjunction with or
apart from other equity awarded under this Plan and cash awards made by the
Company or any Subsidiary outside of this Plan;

(e) to permit a Holder to elect to defer a payment under the Plan
under such rules and procedures as the Committee may establish, including the
payment or crediting of interest on deferred amounts denominated in cash and of
dividend equivalents on deferred amounts denominated in Common Stock;

(f) to determine the extent and circumstances under which Common
Stock and other amounts payable with respect to an award hereunder shall be
deferred that may be either automatic or at the election of the Holder; and

(g) to substitute (i) new Stock Options for previously granted
Stock Options, which previously granted Stock Options have higher option
exercise prices and/or contain other less favorable terms, and (ii) new awards
of any other type for previously granted awards of the same type, which
previously granted awards are upon less favorable terms.

Notwithstanding anything contained herein to the contrary, the
Committee shall not grant to any one Holder in any one calendar year awards for
more than 500,000 shares in the aggregate.

2.3 Interpretation of Plan.

(a) Committee Authority. Subject to Section 11, below, the
Committee shall have the authority to adopt, alter and repeal such
administrative rules, guidelines and practices governing the Plan as it shall,
from time to time, deem advisable, to interpret the terms and provisions of the
Plan and any award issued under the Plan (and to determine the form and
substance of all Agreements relating thereto), and to otherwise supervise the
administration of the Plan. Subject to Section 11, below, all decisions made by
the Committee pursuant to the provisions of the Plan shall be made in the
Committee's sole discretion and shall be final and binding upon all persons,
including the Company, its Subsidiaries and Holders.

(b) Incentive Stock Options. Anything in the Plan to the
contrary notwithstanding, no term or provision of the Plan relating to Incentive
Stock Options (including but limited to Stock Reload Options or Stock
Appreciation rights granted in conjunction with an Incentive Stock Option) or
any Agreement providing for Incentive Stock Options shall be interpreted,
amended or altered, nor shall any discretion or authority granted under the Plan
be so exercised, so as to disqualify the Plan under Section 422 of the Code, or,
without the consent of the Holder(s) affected, to disqualify any Incentive Stock
Option under such Section 422.

Section 3. Stock Subject to Plan.

3.1 Number of Shares. The total number of shares of Common Stock
reserved and available for issuance under the Plan shall be 4,000,000 shares.
Shares of Common Stock under the Plan may consist, in whole or in part, of
authorized and unissued shares or treasury shares. If any shares of Common Stock
that have been granted pursuant to a Stock Option cease to be subject to a Stock
Option, or if any shares of Common Stock that are subject to any Stock
Appreciation Right, Restricted Stock, Deferred Stock award, Reload Stock Option
or Other Stock-Based Award granted hereunder are forfeited or any such award
otherwise terminates without a payment being made to the Holder in the form of
Common Stock, such shares shall again be available for distribution in
connection with future grants and awards under the Plan. If a Holder pays the
exercise price of a Stock Option by surrendering any previously owned shares
and/or arranges to have the appropriate number of shares otherwise issuable upon
exercise withheld to cover the withholding tax liability associated with the
Stock Option exercise, then the number of shares available under the Plan shall
be increased by the lesser of (i) the number of such surrendered shares and
shares used to pay taxes; and (ii) the number of shares purchased under such
Stock Option.

3.2 Adjustment Upon Changes in Capitalization, Etc. In the event of any
dividend payable on shares of Common Stock, stock split of Common Stock, reverse
stock split of Common Stock, combination or exchange of Common Stock, or other
similar event which results in a change in the shares of Common Stock of the
Company as a whole, the Committee shall make such equitable adjustments in the
terms of any award (both of shares and price) and the aggregate number of shares
reserved for issuance under the Plan. Any such adjustments will be made by the
Committee, whose determination will be final, binding and conclusive.

Section 4. Eligibility.

Awards may be made or granted to employees, officers,
directors and consultants who are deemed to have rendered or to be able to
render significant services to the Company or its Subsidiaries and who are
deemed to have contributed or to have the potential to contribute to the success
of the Company. No Incentive Stock Option shall be granted to any person who is
not an employee of the Company or a Subsidiary at the time of grant.
Notwithstanding the foregoing, an award may be made or granted to a person in connection with his hiring or retention, or at any time on or after the date he
reaches an agreement (oral or written) with the Company with respect to such
hiring or retention, even though it may be prior to the date the person first
performs services for the Company or its Subsidiaries; provided, however, that
no portion of any such award shall become vested prior to the date the person
first performs such services.

Section 5. Stock Options.

5.1 Grant and Exercise. Stock Options granted under the Plan may be of
two types: (i) Incentive Stock Options and (ii) Nonqualified Stock Options. Any
Stock Option granted under the Plan shall contain such terms, not inconsistent
with this Plan, or with respect to Incentive Stock Options, not inconsistent
with the Plan and the Code, as the Committee may from time to time approve. The
Committee shall have the authority to grant Incentive Stock Options or
Non-Qualified Stock Options, or both types of Stock Options which may be granted
alone or in addition to other awards granted under the Plan. To the extent that
any Stock Option intended to qualify as an Incentive Stock Option does not so
qualify, it shall constitute a separate Nonqualified Stock Option.

5.2 Terms and Conditions. Stock Options granted under the Plan shall
be subject to the following terms and conditions:

(a) Option Term. The term of each Stock Option shall be fixed by
the Committee; provided, however, that an Incentive Stock Option may be granted
only within the ten-year period commencing from the Effective Date and may only
be exercised within ten years of the date of grant (or five years in the case of
an Incentive Stock Option granted to an optionee who, at the time of grant, owns
Common Stock possessing more than 10% of the total combined voting power of all
classes of stock of the Company ("10% Shareholder").

(b) Exercise Price. The exercise price per share of Common Stock
purchasable under a Stock Option shall be determined by the Committee at the
time of grant and may not be less than 100% of the Fair Market Value on the day
of grant; provided, however, that (i) the exercise price of an Incentive Stock
Option granted to a 10% Shareholder shall not be less than 110% of the Fair
Market Value on the date of grant; and (ii) if the Stock Option is granted in
connection with the recipient's hiring, retention, reaching an agreement (oral
or written) with the Company with respect to such hiring or retention, promotion
or similar event, the option exercise price may be not less than the Fair Market
Value of the Common Stock on the trading day immediately preceding the date on
which the recipient is hired or retained, reached such agreement with respect to
such hiring or retention, or is promoted (or similar event), if the grant of the
Stock Option occurs not more than 120 days after the date of such hiring,
retention, agreement, promotion or other event.

(c) Exercisability. Stock Options shall be exercisable at such
time or times and subject to such terms and conditions as shall be determined by
the Committee and as set forth in Section 10, below. If the Committee provides,
in its discretion, that any Stock Option is exercisable only in installments,
i.e., that it vests over time, the Committee may waive such installment exercise
provisions at any time at or after the time of grant in whole or in part, based
upon such factors as the Committee shall determine.

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(d) Method of Exercise. Subject to whatever installment,
exercise and waiting period provisions are applicable in a particular case,
Stock Options may be exercised in whole or in part at any time during the term
of the Option, by giving written notice of exercise to the Company specifying
the number of shares of Common Stock to be purchased. Such notice shall be
accompanied by payment in full of the purchase price, which shall be in cash or,
if provided in the Agreement, either in shares of Common Stock (including
Restricted Stock and other contingent awards under this Plan) or partly in cash and partly in such Common Stock, or such other means which the Committee
determines are consistent with the Plan's purpose and applicable law. Cash
payments shall be made by wire transfer, certified or bank check or personal
check, in each case payable to the order of the Company; provided, however, that
the Company shall not be required to deliver certificates for shares of Common
Stock with respect to which an Option is exercised until the Company has
confirmed the receipt of good and available funds in payment of the purchase
price thereof. Payments in the form of Common Stock shall be valued at the Fair
Market Value on the date prior to the date of exercise. Such payments shall be
made by delivery of stock certificates in negotiable form that are effective to
transfer good and valid title thereto to the Company, free of any liens or
encumbrances. Subject to the terms of the Agreement, the Committee may, in its
sole discretion, at the request of the Holder, deliver upon the exercise of a
Nonqualified Stock Option a combination of shares of Deferred Stock and Common
Stock; provided that, notwithstanding the provisions of Section 8 of the Plan,
such Deferred Stock shall be fully vested and not subject to forfeiture. A
Holder shall have none of the rights of a Shareholder with respect to the shares
subject to the Option until such shares shall be transferred to the Holder upon
the exercise of the Option.

(e) Transferability. Except as may be set forth in the next
sentence of this section or in the Agreement, no Stock Option shall be
transferable by the Holder other than by will or by the laws of descent and
distribution, and all Stock Options shall be exercisable, during the Holder's
lifetime, only by the Holder (or, to the extent of legal incapacity or
incompetency, the Holder's guardian or legal representative). Notwithstanding
the foregoing, a Holder, with the approval of the Committee, may transfer a
Nonqualified Stock Option (i) (A) by gift, for no consideration, or (B) pursuant
to a domestic relations order, in either case, to or for the benefit of the
Holder's "Immediate Family" (as defined below), or (ii) to an entity in which
the Holder and/or members of Holder's Immediate Family own more than fifty
percent of the voting interest, in exchange for an interest in that entity,
subject to such limits as the Committee may establish, and the transferee shall
remain subject to all the terms and conditions applicable to the Stock Option
prior to such transfer. The term "Immediate Family" shall mean any child,
stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse,
sibling, niece, nephew, mother-in-law, father-in-law, son-in-law,
daughter-in-law, brother-in-law or sister-in-law, including adoptive
relationships, any person sharing the Holder's household (other than a tenant or
employee), a trust in which these persons have more than fifty percent
beneficial interest, and a foundation in which these persons (or the Holder)
control the management of the assets.

(f) Termination by Reason of Death. If a Holder's employment by
the Company or a Subsidiary terminates by reason of death, any Stock Option
held by such Holder, unless otherwise determined by the Committee at the time of
grant and set forth in the Agreement, shall thereupon automatically terminate,
except that the portion of such Stock Option that has vested on the date of
death may thereafter be exercised by the legal representative of the estate or
by the legatee of the Holder under the will of the Holder, for a period of one
year (or such other greater or lesser period as the Committee may specify at
grant) from the date of such death or until the expiration of the stated term of
such Stock Option, whichever period is the shorter.

(g) Termination by Reason of Disability. If a Holder's
employment by the Company or any Subsidiary terminates by reason of Disability,
any Stock Option held by such Holder, unless otherwise determined by the
Committee at the time of grant and set forth in the Agreement, shall thereupon
automatically terminate, except that the portion of such Stock Option that has
vested on the date of termination may thereafter be exercised by the Holder for
a period of one year (or such other greater or lesser period as the Committee
may specify at the time of grant) from the date of such termination of
employment or until the expiration of the stated term of such Stock Option,
whichever period is the shorter.

(h) Other Termination. Subject to the provisions of Section 13.3,
below, and unless otherwise determined by the Committee at the time of grant and
set forth in the Agreement, if a Holder is an employee of the Company or a Subsidiary at the time of grant and if such Holder's employment by the
Company or any Subsidiary terminates for any reason other than death or
Disability, the Stock Option shall thereupon automatically terminate, except
that if the Holder's employment is terminated by the Company or a Subsidiary
without cause or due to Normal Retirement, then the portion of such Stock Option
that has vested on the date of termination of employment may be exercised for
the lesser of three months after termination of employment or the balance of
such Stock Option's term.

(i) Additional Incentive Stock Option Limitation. In the case
of an Incentive Stock Option, the aggregate Fair Market Value (on the date of
grant of the Option) with respect to which Incentive Stock Options become
exercisable for the first time by a Holder during any calendar year (under all
such plans of the Company and its Parent and Subsidiary) shall not exceed
$100,000.

(j) Buyout and Settlement Provisions. The Committee may at any
time, in its sole discretion, offer to repurchase a Stock Option previously
granted, based upon such terms and conditions as the Committee shall establish
and communicate to the Holder at the time that such offer is made.

5.3 Stock Reload Option. If a Holder tenders shares of Common Stock to
pay the exercise price of a Stock Option ("Underlying Option"), and/or arranges
to have a portion of the shares otherwise issuable upon exercise withheld to pay
the applicable withholding taxes, the Holder may receive, at the discretion of
the Committee, a new Stock Reload Option to purchase that number of shares of
Common Stock equal to the number of shares tendered to pay the exercise price
and the withholding taxes ( but only if such shares were held by the Holder for
at least six months). Stock Reload Options may be any type of option permitted
under the Code and will be granted subject to such terms, conditions,
restrictions and limitations as may be determined by the Committee, from time to
time. Such Stock Reload Option shall have an exercise price equal to the Fair
Market Value as of the date of exercise of the Underlying Option. Unless the
Committee determines otherwise, a Stock Reload Option may be exercised
commencing one year after it is granted and shall expire on the date of
expiration of the Underlying Option to which the Reload Option is related.

Section 6. Stock Appreciation Rights.

6.1 Grant and Exercise. The Committee may grant Stock Appreciation
Rights to participants who have been, or are being granted, Stock Options under
the Plan as a means of allowing such participants to exercise their Stock
Options without the need to pay the exercise price in cash. In the case of a
Nonqualified Stock Option, a Stock Appreciation Right may be granted either at
or after the time of the grant of such Nonqualified Stock Option. In the case of
an Incentive Stock Option, a Stock Appreciation Right may be granted only at the
time of the grant of such Incentive Stock Option.


6.2 Terms and Conditions. Stock Appreciation Rights shall be subject
to the following terms and conditions:

(a) Exercisability. Stock Appreciation Rights shall be exercisable
as shall be determined by the Committee and set forth in the Agreement, subject
to the limitations, if any, imposed by the Code, with respect to related
Incentive Stock Options.

(b) Termination. A Stock Appreciation Right shall terminate and
shall no longer be exercisable upon the termination or exercise of the related
Stock Option.

(c) Method of Exercise. Stock Appreciation Rights shall be
exercisable upon such terms and conditions as shall be determined by the
Committee and set forth in the Agreement and by surrendering the applicable
portion of the related Stock Option. Upon such exercise and surrender, the Holder shall be entitled to receive a number of shares of Common Stock equal to
the SAR Value divided by the Fair Market Value on the date the Stock
Appreciation Right is exercised.

(d) Shares Affected Upon Plan. The granting of a Stock Appreciation
Right shall not affect the number of shares of Common Stock available for awards
under the Plan. The number of shares available for awards under the Plan will,
however, be reduced by the number of shares of Common Stock acquirable upon
exercise of the Stock Option to which such Stock Appreciation Right relates.

Section 7. Restricted Stock.

7.1 Grant. Shares of Restricted Stock may be awarded either alone or in
addition to other awards granted under the Plan. The Committee shall determine
the eligible persons to whom, and the time or times at which, grants of
Restricted Stock will be awarded, the number of shares to be awarded, the price
(if any) to be paid by the Holder, the time or times within which such awards
may be subject to forfeiture ("Restriction Period"), the vesting schedule and
rights to acceleration thereof, and all other terms and conditions of the
awards.

7.2 Terms and Conditions. Each Restricted Stock award shall be subject
to the following terms and conditions:

(a) Certificates. Restricted Stock, when issued, will be
represented by a stock certificate or certificates registered in the name of the
Holder to whom such Restricted Stock shall have been awarded. During the
Restriction Period, certificates representing the Restricted Stock and any
securities constituting Retained Distributions (as defined below) shall bear a
legend to the effect that ownership of the Restricted Stock (and such Retained
Distributions), and the enjoyment of all rights appurtenant thereto, are subject
to the restrictions, terms and conditions provided in the Plan and the
Agreement. Such certificates shall be deposited by the Holder with the Company,
together with stock powers or other instruments of assignment, each endorsed in
blank, which will permit transfer to the Company of all or any portion of the
Restricted Stock and any securities constituting Retained Distributions that
shall be forfeited or that shall not become vested in accordance with the Plan
and the Agreement.

(b) Rights of Holder. Restricted Stock shall constitute issued and
outstanding shares of Common Stock for all corporate purposes. The Holder will
have the right to vote such Restricted Stock, to receive and retain all regular
cash dividends and other cash equivalent distributions as the Board may in its
sole discretion designate, pay or distribute on such Restricted Stock and to
exercise all other rights, powers and privileges of a holder of Common Stock
with respect to such Restricted Stock, with the exceptions that (i) the Holder
will not be entitled to delivery of the stock certificate or certificates
representing such Restricted Stock until the Restriction Period shall have
expired and unless all other vesting requirements with respect thereto shall
have been fulfilled; (ii) the Company will retain custody of the stock
certificate or certificates representing the Restricted Stock during the
Restriction Period; (iii) other than regular cash dividends and other cash
equivalent distributions as the Board may in its sole discretion designate, pay
or distribute, the Company will retain custody of all distributions ("Retained
Distributions") made or declared with respect to the Restricted Stock (and such
Retained Distributions will be subject to the same restrictions, terms and
conditions as are applicable to the Restricted Stock) until such time, if ever,
as the Restricted Stock with respect to which such Retained Distributions shall
have been made, paid or declared shall have become vested and with respect to
which the Restriction Period shall have expired; (iv) a breach of any of the
restrictions, terms or conditions contained in this Plan or the Agreement or
otherwise established by the Committee with respect to any Restricted Stock or
Retained Distributions will cause a forfeiture of such Restricted Stock and any
Retained Distributions with respect thereto.

(c) Vesting; Forfeiture. Upon the expiration of the Restriction
Period with respect to each award of Restricted Stock and the satisfaction of
any other applicable restrictions, terms and conditions (i) all or part of such
Restricted Stock shall become vested in accordance with the terms of the
Agreement, subject to Section 10, below, and (ii) any Retained Distributions
with respect to such Restricted Stock shall become vested to the extent that the
Restricted Stock related thereto shall have become vested, subject to Section
10, below. Any such Restricted Stock and Retained Distributions that do not vest
shall be forfeited to the Company and the Holder shall not thereafter have any
rights with respect to such Restricted Stock and Retained Distributions that
shall have been so forfeited.

Section 8. Deferred Stock.

8.1 Grant. Shares of Deferred Stock may be awarded either alone or in
addition to other awards granted under the Plan. The Committee shall determine
the eligible persons to whom and the time or times at which grants of Deferred
Stock will be awarded, the number of shares of Deferred Stock to be awarded to
any person, the duration of the period ("Deferral Period") during which, and the
conditions under which, receipt of the shares will be deferred, and all the
other terms and conditions of the awards.

8.2 Terms and Conditions. Each Deferred Stock award shall be subject
to the following terms and conditions:

(a) Certificates. At the expiration of the Deferral Period (or the
Additional Deferral Period referred to in Section 8.2 (d) below, where
applicable), share certificates shall be issued and delivered to the Holder, or
his legal representative, representing the number equal to the shares covered by
the Deferred Stock award.

(b) Rights of Holder. A person entitled to receive Deferred Stock
shall not have any rights of a Shareholder by virtue of such award until the

expiration of the applicable Deferral Period and the issuance and delivery of
the certificates representing such Common Stock. The shares of Common Stock
issuable upon expiration of the Deferral Period shall not be deemed outstanding
by the Company until the expiration of such Deferral Period and the issuance and
delivery of such Common Stock to the Holder.

(c) Vesting; Forfeiture. Upon the expiration of the Deferral Period
with respect to each award of Deferred Stock and the satisfaction of any other
applicable restrictions, terms and conditions all or part of such Deferred Stock
shall become vested in accordance with the terms of the Agreement, subject to
Section 10, below. Any such Deferred Stock that does not vest shall be forfeited
to the Company and the Holder shall not thereafter have any rights with respect
to such Deferred Stock.

(d) Additional Deferral Period. A Holder may request to, and the
Committee may at any time, defer the receipt of an award (or an installment of
an award) for an additional specified period or until a specified event
("Additional Deferral Period"). Subject to any exceptions adopted by the
Committee, such request must generally be made at least one year prior to
expiration of the Deferral Period for such Deferred Stock award (or such
installment).

Section 9. Other Stock-Based Awards.

Other Stock-Based Awards may be awarded, subject to limitations
under applicable law, that are denominated or payable in, valued in whole or in
part by reference to, or otherwise based on, or related to, shares of Common
Stock, as deemed by the Committee to be consistent with the purposes of the
Plan, including, without limitation, purchase rights, shares of Common Stock
awarded which are not subject to any restrictions or conditions, convertible or exchangeable debentures, or other rights convertible into shares
of Common Stock and awards valued by reference to the value of securities of or
the performance of specified Subsidiaries. Other Stock-Based Awards may be
awarded either alone or in addition to or in tandem with any other awards under
this Plan or any other plan of the Company. Each other Stock-Based Award shall
be subject to such terms and conditions as may be determined by the Committee.

Section 10. Accelerated Vesting and Exercisability.

10.1 Non-Approved Transactions. If any "person" (as such term is used
in Sections 13(d) and 14(d) of the Exchange Act of 1934, as amended ("Exchange
Act")), is or becomes the "beneficial owner" (as referred in Rule 13d-3 under
the Exchange Act), directly or indirectly, of securities of the Company
representing 35% or more of the combined voting power of the Company's then
outstanding securities in one or more transactions, and the Board does not
authorize or otherwise approve such acquisition, then the vesting periods of any
and all Stock Options and other awards granted and outstanding under the Plan
shall be accelerated and all such Stock Options and awards will immediately and
entirely vest, and the respective holders thereof will have the immediate right
to purchase and/or receive any and all Common Stock subject to such Stock
Options and awards on the terms set forth in this Plan and the respective
agreements respecting such Stock Options and awards.

10.2 Approved Transactions. The Committee may, in the event of an
acquisition of substantially all of the Company's assets or at least 65% of the
combined voting power of the Company's then outstanding securities in one or
more transactions (including by way of merger or reorganization) which has been
approved by the Company's Board of Directors, (i) accelerate the vesting of any
and all Stock Options and other awards granted and outstanding under the Plan,
and (ii) require a Holder of any award granted under
this Plan to relinquish such award to the Company upon the tender by the Company
to Holder of cash in an amount equal to the Repurchase Value of such award.

Section 11. Amendment and Termination.

The Board may at any time, and from time to time, amend alter, suspend
or discontinue any of the provisions of the Plan, but no amendment, alteration,
suspension or discontinuance shall be made that would impair the rights of a
Holder under any Agreement theretofore entered into hereunder, without the
Holder's consent.

Section 12. Term of Plan.

12.1 Effective Date. The Plan shall be effective as of _______ ___,
2001, subject to the approval of the Plan by the Company's shareholders within
one year after the Effective Date. Any awards granted under the Plan prior to
such approval shall be effective when made (unless otherwise specified by the
Committee at the time of grant), but shall be conditioned upon, and subject to,
such approval of the Plan by the Company's shareholders and no awards shall vest
or otherwise become free of restrictions prior to such approval.

12.2 Termination Date. Unless terminated by the Board, this Plan shall
continue to remain effective until such time as no further awards may be granted
and all awards granted under the Plan are no longer outstanding. Notwithstanding
the foregoing, grants of Incentive Stock Options may be made only during the ten
year period following the Effective Date.

[Franko10 ™]

Section 13. General Provisions.

13.1 Written Agreements. Each award granted under the Plan shall be
confirmed by, and shall be subject to the terms, of the Agreement executed by
the Company and the Holder. The Committee may terminate any award made under the
Plan if the Agreement relating thereto is not executed and returned to the
Company within 10 days after the Agreement has been delivered to the Holder for
his or her execution.

13.2 Unfunded Status of Plan. The Plan is intended to constitute an
"unfunded" plan for incentive and deferred compensation. With respect to any
payments not yet made to a Holder by the Company, nothing contained herein shall
give any such Holder any rights that are greater than those of a general
creditor of the Company.

13.3 Employees.

(a) Engaging in Competition With the Company; Disclosure of
Confidential Information. If a Holder's employment with the Company or a
Subsidiary is terminated for any reason whatsoever, and within 18 months after
the date thereof such Holder either (i) accepts employment with any competitor
of, or otherwise engages in competition with, the Company, (ii) solicits any
customers or employees of the Company to do business with or render services to
the Holder or any business with which the Holder becomes affiliated or to which
the Holder renders services, or (iii) discloses to anyone outside the Company or
uses any confidential information or material of the Company in violation of the
Company's policies or any agreement between the Holder and the Company, the
Committee, in its sole discretion, may require such Holder to return to the
Company the economic value of any award that was realized or obtained
by such Holder at any time during the period beginning on that date that is six
months prior to the date such Holder's employment with the Company is
terminated.

(b) Termination for Cause. The Committee may, if a Holder's
employment with the Company or a Subsidiary is terminated for cause, annul any
award granted under this Plan to such employee and, in such event, the
Committee, in its sole discretion, may require such Holder to return to the
Company the economic value of any award that was realized or obtained by such
Holder at any time during the period beginning on that date that is six months
prior to the date such Holder's employment with the Company is terminated.

(c) No Right of Employment. Nothing contained in the Plan or
in any award hereunder shall be deemed to confer upon any Holder who is an
employee of the Company or any Subsidiary any right to continued employment with
the Company or any Subsidiary, nor shall it interfere in any way with the right
of the Company or any Subsidiary to terminate the employment of any Holder who
is an employee at any time.

13.4 Investment Representations; Company Policy. The Committee may
require each person acquiring shares of Common Stock pursuant to a Stock Option
or other award under the Plan to represent to and agree with the Company in
writing that the Holder is acquiring the shares for investment without a view to
distribution thereof. Each person acquiring shares of Common Stock pursuant to a
Stock Option or other award under the Plan shall be required to abide by all
policies of the Company in effect at the time of such acquisition and thereafter
with respect to the ownership and trading of the Company's securities.

13.5 Additional Incentive Arrangements. Nothing contained in the Plan
shall prevent the Board from adopting such other or additional incentive
arrangements as it may deem desirable, including, but not limited to, the
granting of Stock Options and the awarding of Common Stock and cash otherwise
than under the Plan; and such arrangements may be either generally applicable or
applicable only in specific cases.

13.6 Withholding Taxes. Not later than the date as of which an amount
must first be included in the gross income of the Holder for Federal income tax
purposes with respect to any option or other award under the Plan, the Holder
shall pay to the Company, or make arrangements satisfactory to the Committee
regarding the payment of, any Federal, state and local taxes of any kind
required by law to be withheld or paid with respect to such amount. If permitted
by the Committee, tax withholding or payment obligations may be settled with
Common Stock, including Common Stock that is part of the award that gives rise
to the withholding requirement. The obligations of the Company under the Plan
shall be conditioned upon such payment or arrangements and the Company or the
Holder's employer (if not the Company) shall, to the extent permitted by law,
have the right to deduct any such taxes from any payment of any kind otherwise
due to the Holder from the Company or any Subsidiary.

13.7 Governing Law. The Plan and all awards made and actions taken
thereunder shall be governed by and construed in accordance with the laws of the
State of Delaware (without regard to choice of law provisions); provided,
however, that all matters relating to or involving corporate law shall be
governed by the laws of the State of Delaware.

13.8 Other Benefit Plans. Any award granted under the Plan shall not
be deemed compensation for purposes of computing benefits under any retirement
plan of the Company or any Subsidiary and shall not affect any benefits under
any other benefit plan now or subsequently in effect under which the
availability
or amount of benefits is related to the level of compensation (unless required
by specific reference in any such other plan to awards under this Plan).

13.9 Non-Transferability. Except as otherwise expressly provided in the
Plan or the Agreement, no right or benefit under the Plan may be alienated,
sold, assigned, hypothecated, pledged, exchanged, transferred, encumbranced or
charged, and any attempt to alienate, sell, assign, hypothecate, pledge,
exchange, transfer, encumber or charge the same shall be void.

13.10 Applicable Laws. The obligations of the Company with respect to
all Stock Options and awards under the Plan shall be subject to (i) all
applicable laws, rules and regulations and such approvals by any governmental
agencies as may be required, including, without limitation, the Securities Act
of 1933, as amended, and (ii) the rules and regulations of any securities
exchange on which the Common Stock may be listed.

13.11 Conflicts. If any of the terms or provisions of the Plan or an
Agreement conflict with the requirements of Section 422 of the Code, then such
terms or provisions shall be deemed inoperative to the extent they so conflict
with such requirements. Additionally, if this Plan or any Agreement does not
contain any provision required to be included herein under Section 422 of the
Code, such provision shall be deemed to be incorporated herein and therein with
the same force and effect as if such provision had been set out at length herein
and therein. If any of the terms or provisions of any Agreement conflict with
any terms or provisions of the Plan, then such terms or provisions shall be
deemed inoperative to the extent they so conflict with the requirements of the
Plan. Additionally, if any Agreement does not contain any provision required to
be included therein under the Plan, such provision shall be deemed to be
incorporated therein with the same force and effect as if such provision had
been set out at length therein.

13.12 Non-Registered Stock. The shares of Common Stock to be
distributed under this Plan have not been, as of the Effective Date, registered
under the Securities Act of 1933, as amended, or any applicable state or foreign
securities laws and the Company has no obligation to any Holder to register the
Common Stock or to assist the Holder in obtaining an exemption from the various
registration requirements, or to list the Common Stock on a national securities
exchange or any other trading or quotation system, including the Nasdaq National
Market and Nasdaq SmallCap Market.

STOCK OPTION AGREEMENT


AGREEMENT made as of the 25th day of August, 1998, by and between Cyber
Mark International Corp., a Delaware corporation ("Company"), and James Runge
("Employee").

WHEREAS, the Company and Employee have currently or in the past had an
employer/employed relationship;

WHEREAS, on August 25, 1998 ("Grant Date"), the Board of Directors of the
Company ("Board") authorized the grant to the Employee of an option ("Option")
to purchase an aggregate of 20,000 shares of the authorized but unissued Common
Stock of the Company ("Common Stock"), conditioned upon the Employee's
acceptance thereof upon the terms and conditions set forth in this Agreement;
and

WHEREAS, the Employee desires to acquire the Option on the terms and
conditions set forth in this Agreement;

IT IS AGREED:

1. Grant of Stock Option. The Company hereby grants the Employee the Option
to purchase all or any part of an aggregate of 20,000 shares of Common Stock
("Option Shares") on the terms and conditions set forth herein.

2. Non-Incentive Stock Option. The Option represented hereby is not
intended to be an Option which qualifies as an "Incentive Stock Option" under
Section 422 of the Internal Revenue Code of 1986, as amended.

3. Exercise Price. The exercise price of the Option is as set forth in
paragraph 4 hereof, subject to adjustment as hereinafter provided.

4. Exercisability. This Option shall become exercisable on August 25, 1998,
if Employee is in the employ of the Company on that date, and once exercisable,
the Option will remain exercisable until August 25, 2001, subject to the terms
of this Agreement. The Option may be exercised at US$1.00 per share. The period
during which a portion of the Option is exercisable is referred to as the
Exercise Period.

5. Effect of Employment. This Option is granted in recognition of past
service by Employee to the Company, therefore the exercisability of this Option
may be made at any time during the Exercise Period regardless of whether or not
Employee is employed by the Company at the time of exercise.

6. Withholding Tax. Not later than the date as of which an amount first
becomes includible in the gross income of the Employee for Federal income tax
purposes with respect to the Option, the Employee shall notify the Company of
the amount and, to the extent required, pay to the Company, or make arrangements
satisfactory to the Company regarding the payment of, any Federal, state, local
and other taxes of any kind required by law to be withheld or paid with respect
to such amount. The obligations of the Company under this Agreement shall be
conditional upon such pay ment or arrangements with the Company and the Company
shall, to the extent permitted by law, have the right to deduct any such taxes
from any payment of any kind otherwise due to the Employee from the Company.

7. Adjustments. In the event of any stock dividend, forward stock split,
reverse stock split, or other recapitalization of the Company which affects the
number of outstanding shares of Common Stock, the Company shall proportionally
adjust the number and kind of Option Shares and the exercise price of the Option
in order to prevent the dilution or enlargement of the Employee's proportionate
interest in the Company and Employee's rights hereunder immediately prior to the
stock dividend, stock split, reverse stock split or recapitalization, provided
that the number of Option Shares shall always be a whole number. No other
adjustment is required to be made in the number of shares or price per share
subject to this Option.

8. Method of Exercise.

8.1. Notice to the Company. The Option shall be exercised in whole or in
part by written notice in substantially the form attached hereto as Exhibit A
directed to the Company at its principal place of business accompanied by full
payment as hereinafter provided of the exercise price for the number of Option
Shares specified in the notice.

8.2. Delivery of Option Shares. The Company shall deliver a certificate
for the Option Shares to the Employee as soon as practicable after payment
therefor.

8.3. Payment of Purchase Price.

8.3.1. Payment. The Employee shall make payments by wire transfer,
certified or bank check or personal check, in each case payable to the order of
the Company; the Company shall not be required to deliver certificates for
Option Shares until the Company has confirmed the receipt of good and available
funds in payment of the purchase price thereof.

8.3.2. Payment of Withholding Tax. Any required withholding tax
shall be paid in cash in accordance with Sections 8.3.1.

9. Nonassignability. The Option shall not be assignable or transferable
except by will or by the laws of descent and distribution in the event of the
death of the Employee. No transfer of the Option by the Employee by will or by
the laws of descent and distribution shall be effective to bind the Company
unless the Company shall have been furnished with written notice thereof and a
copy of the will and such other evidence as the Company may deem necessary to
establish the validity of the transfer and the acceptance by the transferee or
transferees of the terms and conditions of the Option.

10. Company Representations. The Company hereby represents and warrants to
the Employee that:

(a) the Company, by appropriate and all required action, is duly
authorized to enter into this Agreement and consummate all of the
transactions contemplated hereunder; and

(b) the Option Shares, when issued and delivered by the Company to the
Employee in accordance with the terms and conditions hereof, will be duly
and validly issued and fully paid and non-assessable.

11. Employee Representations. The Employee hereby represents and warrants
to the Company that:

(a) he is acquiring the Option and shall acquire the Option Shares for
his own account and not with a view towards the distribution thereof;

(b) he understands that he must bear the economic risk of the
investment in the Option Shares, which cannot be sold by him unless they
are registered under the Securities Act of 1933 ("1933 Act") or an
exemption therefrom is available thereunder (which exemption may require a
holding period of not less than one year after exercise in certain
circumstances and not less than two years after exercise in certain other
circumstances and if an affiliate of the Company may impose other
restrictions) and that the Company is under no obligation to register the
Option Shares for sale under the 1933 Act except as stated in this
Agreement;

(c) he has had both the opportunity to ask questions and receive
answers from the officers and directors of the Company and all persons
acting on its behalf concerning the terms and conditions of the offer made
hereunder and to obtain any additional information to the extent the
Company possesses or may possess such information or can acquire it without
unreasonable effort or expense necessary to verify the accuracy of the
information obtained pursuant to this clause;

(d) he is aware that the Company shall place stop transfer orders with
its transfer agent against the transfer of the Option Shares in the absence
of registration under the 1933 Act or an exemption therefrom as provided
herein; and

(e) The certificates evidencing the Option Shares may bear the
following legends:

"The shares represented by this certificate have been
acquired for investment and have not been registered
under the Securities Act of 1933. The shares may not
be sold or transferred in the absence of such
registration or an exemption therefrom under said
Act."

"The shares represented by this certificate have been
acquired pursuant to a Stock Option Agreement, dated
as of August 25, 1998, a copy of which is on file
with the Company, and may not be trans ferred,
pledged or disposed of except in accordance with the
terms and conditions thereof."

12. Restriction on Transfer of Stock Option Agreement and Option Shares.
Anything in this Agreement to the contrary notwithstanding and in addition to
the provisions of Section 11 of this Agreement, the Employee hereby agrees that
he shall not sell, transfer by any means or otherwise dispose of the Option
Shares acquired by him without registration under the 1933 Act, or in the event
that they are not so registered, unless (i) an exemption from the 1933 Act
registration requirements is available thereunder, and (ii) the Employee has
furnished the Company with notice of such proposed transfer and the Company's
legal counsel, in its reasonable opinion, shall deem such proposed transfer to
be so exempt.

13. Miscellaneous.

13.1. Notices. All notices, requests, deliveries, payments, demands and
other communications which are required or permitted to be given under this
Agreement shall be in writing and shall be either delivered personally or sent
by registered or certified mail, or by private courier, return receipt
requested, postage prepaid to the parties at their respective addresses set forth herein, or to such other address as either shall have specified by notice
in writing to the other. Notice shall be deemed duly given hereunder when
delivered or mailed as provided herein.

13.2. Stockholder Rights. The Employee shall not have any of the rights
of a stockholder with respect to the Option Shares until such shares have been
issued after the due exercise of the Option. Nothing contained in this Agreement
shall be deemed to confer upon Employee any right to continued employment with
the Company or any subsidiary thereof, nor shall it interfere in any way with
the right of the Company to terminate Employee in accordance with the provisions
regarding such termination set forth in Employee's written agreement with the
Company, or if there exists no such agreement, to terminate Employee at will.

13.3. Waiver. The waiver by any party hereto of a breach of any
provision of this Agreement shall not operate or be construed as a waiver of any
other or subsequent breach.

13.4. Entire Agreement. This Agreement constitutes the entire agreement
between the parties with respect to the subject matter hereof. This Agreement
may not be amended except by writing executed by the party to be charged.

13.5. Binding Effect; Successors. This Agreement shall inure to the
benefit of and be binding upon the parties hereto and, to the extent not
prohibited herein, their respective heirs, successors, assigns and
representatives. Nothing in this Agreement, expressed or implied, is intended to
confer on any person other than the parties hereto and as provided above, their
respective heirs, successors, assigns and representatives any rights, remedies,
obligations or liabilities.

13.6. Governing Law. This Agreement shall be governed by and construed
in accordance with the laws of the State of Delaware (without regard to
conflicts of law provisions).

13.7. Headings. The headings contained herein are for the sole purpose
of convenience of reference, and shall not in any way limit or affect the
meaning or interpretation of any of the terms or provisions of this Agreement.

[Franko10 ™]

IN WITNESS WHEREOF, the parties hereto have signed this Agreement as of the
day and year first above written.

CYBER MARK INTERNATIONAL CORP. Address:
50 West Pearce Street - Unit 6
Richmond Hill, Ontario L4B 1E3
Canada

By:__________________________
Harvey Betsalel

EMPLOYEE: Address:
577 Carrville Road
Richmond Hill, Ontario L4C 6E5
Canada
____________________________
James Runge


EXHIBIT A

FORM OF NOTICE OF EXERCISE OF OPTION

Cyber Mark International Corp.
50 West Pearce Street - Unit 6
Richmond Hill, Ontario L4B 1E3
Canada

_______________________________
DATE

Attention: Secretary or Treasurer

Re: Purchase of Option Shares

Gentlemen:

In accordance with my Stock Option Agreement dated as of
August 25, 1998 ("Agreement") with Cyber Mark International Corp. ("Company"), I
hereby irrevocably elect to exercise the right to purchase _________ shares of
the Company's common stock ("Common Stock"), which are being purchased for
investment and not for resale.

As payment for my shares, enclosed is (check and complete
applicable box[es]):

|_| a [personal check] [certified check] [bank check]
payable to the order of "Cyber Mark International Corp." in
the sum of $_________; and/or

|_| confirmation of wire transfer in the amount of
$_____________.

I hereby represent, warrant to, and agree with, the Company
that:

(i) I have acquired the Option and shall acquire the Option
Shares for my own account and not with a view towards the distribution thereof;

(ii) I understand that I must bear the economic risk of the
investment in the Option Shares, which cannot be sold by me unless they are
registered under the Securities Act of 1933 ("1933 Act") or an exemption
therefrom is available thereunder and that the Company is under no obligation to
register the Option Shares for sale under the 1933 Act;

(iii) I have had both the opportunity to ask questions and
receive answers from the officers and directors of the Company and all persons
acting on its behalf concerning the terms and conditions of the offer made
hereunder and to obtain any additional information to the extent the Company
possesses or may possess such information or can acquire it without unreasonable effort or expense necessary to verify the accuracy of the information obtained
pursuant to clause (ii) above;

(iv) I am aware that the Company shall place stop transfer
orders with its transfer agent against the transfer of the Option Shares in the
absence of registration under the 1933 Act or an exemption therefrom as provided
herein; and

(v) the certificates evidencing the Option Shares may bear
the following legends:

"The shares represented by this certificate have been
acquired for investment and have not been registered
under the Securities Act of 1933. The shares may not
be sold or transferred in the absence of such
registration or an exemption therefrom under said
Act."

"The shares represented by this certificate have been
acquired pursuant to a Stock Option Agreement, dated
as of August 25, 1998, a copy of which is on file
with the Company, and may not be transferred, pledged
or disposed of except in accordance with the terms
and conditions thereof."

Kindly forward to me my certificate at your earliest convenience.

Very truly yours,


____________________________________ _______________________________________
(Signature) (Address)

____________________________________ _______________________________________
(Print Name) (Address)

_______________________________________
(Social Security Number)




STOCK OPTION AGREEMENT

AGREEMENT made as of the 25th day of August, 1998, by and between
Cyber Mark International Corp., a Delaware corporation ("Company"), and Allan
Fryman ("Employee").

WHEREAS, the Company and Employee have currently or in the past had an
employer/employed relationship;

WHEREAS, on August 25, 1998 ("Grant Date"), the Board of Directors of
the Company ("Board") authorized the grant to the Employee of an option
("Option") to purchase an aggregate of 20,000 shares of the authorized but
unissued Common Stock of the Company ("Common Stock"), conditioned upon the
Employee's acceptance thereof upon the terms and conditions set forth in this
Agreement; and

WHEREAS, the Employee desires to acquire the Option on the terms and
conditions set forth in this Agreement;

IT IS AGREED:

1. Grant of Stock Option. The Company hereby grants the Employee the
Option to purchase all or any part of an aggregate of 20,000 shares of Common
Stock ("Option Shares") on the terms and conditions set forth herein.

2. Non-Incentive Stock Option. The Option represented hereby is not
intended to be an Option which qualifies as an "Incentive Stock Option" under
Section 422 of the Internal Revenue Code of 1986, as amended.

3. Exercise Price. The exercise price of the Option is as set forth in
paragraph 4 hereof, subject to adjustment as hereinafter provided.

4. Exercisability. This Option shall become exercisable on August 25,
1998, if Employee is in the employ of the Company on that date, and once
exercisable, the Option will remain exercisable until August 25, 2001, subject
to the terms of this Agreement. The Option may be exercised at US$1.00 per
share. The period during which a portion of the Option is exercisable is
referred to as the Exercise Period.

5. Effect of Employment. This Option is granted in recognition of past
service by Employee to the Company, therefore the exercisability of this Option
may be made at any time during the Exercise Period regardless of whether or not
Employee is employed by the Company at the time of exercise.

6. Withholding Tax. Not later than the date as of which an amount
first becomes includible in the gross income of the Employee for Federal income
tax purposes with respect to the Option, the Employee shall notify the Company
of the amount and, to the extent required, pay to the Company, or make
arrangements satisfactory to the Company regarding the payment of, any Federal,
state, local and other taxes of any kind required by law to be withheld or paid
with respect to such amount. The obligations of the Company under this Agreement
shall be conditional upon such pay ment or arrangements with the Company and the
Company shall, to the extent permitted by law, have the right to deduct any such
taxes from any payment of any kind otherwise due to the Employee from the
Company.

7. Adjustments. In the event of any stock dividend, forward stock
split, reverse stock split, or other recapitalization of the Company which
affects the number of outstanding shares of Common Stock, the Company shall
proportionally adjust the number and kind of Option Shares and the exercise
price of the Option in order to prevent the dilution or enlargement of the
Employee's proportionate interest in the Company and Employee's rights hereunder
immediately prior to the stock dividend, stock split, reverse stock split or
recapitalization, provided that the number of Option Shares shall always be a
whole number. No other adjustment is required to be made in the number of shares
or price per share subject to this Option.

8. Method of Exercise.

8.1. Notice to the Company. The Option shall be exercised in whole
or in part by written notice in substantially the form attached hereto as
Exhibit A directed to the Company at its principal place of business accompanied
by full payment as hereinafter provided of the exercise price for the number of
Option Shares specified in the notice.

8.2. Delivery of Option Shares. The Company shall deliver a
certificate for the Option Shares to the Employee as soon as practicable after
payment therefor.

8.3. Payment of Purchase Price.

8.3.1. Payment. The Employee shall make payments by wire
transfer, certified or bank check or personal check, in each case payable to the
order of the Company; the Company shall not be required to deliver certificates
for Option Shares until the Company has confirmed the receipt of good and
available funds in payment of the purchase price thereof.

8.3.2. Payment of Withholding Tax. Any required withholding
tax shall be paid in cash in accordance with Sections 8.3.1.

9. Nonassignability. The Option shall not be assignable or
transferable except by will or by the laws of descent and distribution in the
event of the death of the Employee. No transfer of the Option by the Employee by
will or by the laws of descent and distribution shall be effective to bind the
Company unless the Company shall have been furnished with written notice thereof
and a copy of the will and such other evidence as the Company may deem necessary
to establish the validity of the transfer and the acceptance by the transferee
or transferees of the terms and conditions of the Option.

10. Company Representations. The Company hereby represents and
warrants to the Employee that:

(a) the Company, by appropriate and all required action, is
duly authorized to enter into this Agreement and consummate all of the
transactions contemplated hereunder; and

(b) the Option Shares, when issued and delivered by the
Company to the Employee in accordance with the terms and conditions
hereof, will be duly and validly issued and fully paid and
non-assessable.

11. Employee Representations. The Employee hereby represents and
warrants to the Company that:

(a) he is acquiring the Option and shall acquire the Option
Shares for his own account and not with a view towards the
distribution thereof;

(b) he understands that he must bear the economic risk of
the investment in the Option Shares, which cannot be sold by him
unless they are registered under the Securities Act of 1933 ("1933
Act") or an exemption therefrom is available thereunder (which
exemption may require a holding period of not less than one year after
exercise in certain circumstances and not less than two years after
exercise in certain other circumstances and if an affiliate of the
Company may impose other restrictions) and that the Company is under
no obligation to register the Option Shares for sale under the 1933
Act except as stated in this Agreement;

(c) he has had both the opportunity to ask questions and
receive answers from the officers and directors of the Company and all
persons acting on its behalf concerning the terms and conditions of
the offer made hereunder and to obtain any additional information to
the extent the Company possesses or may possess such information or
can acquire it without unreasonable effort or expense necessary to
verify the accuracy of the information obtained pursuant to this
clause;
(d) he is aware that the Company shall place stop transfer
orders with its transfer agent against the transfer of the Option
Shares in the absence of registration under the 1933 Act or an
exemption therefrom as provided herein; and

(e) The certificates evidencing the Option Shares may bear
the following legends:

"The shares represented by this certificate have been
acquired for investment and have not been registered
under the Securities Act of 1933. The shares may not
be sold or transferred in the absence of such
registration or an exemption therefrom under said
Act."

"The shares represented by this certificate have been
acquired pursuant to a Stock Option Agreement, dated
as of August 25, 1998, a copy of which is on file
with the Company, and may not be trans ferred,
pledged or disposed of except in accordance with the
terms and conditions thereof."

12. Restriction on Transfer of Stock Option Agreement and Option
Shares. Anything in this Agreement to the contrary notwithstanding and in
addition to the provisions of Section 11 of this Agreement, the Employee hereby
agrees that he shall not sell, transfer by any means or otherwise dispose of the
Option Shares acquired by him without registration under the 1933 Act, or in the
event that they are not so registered, unless (i) an exemption from the 1933 Act
registration requirements is available thereunder, and (ii) the Employee has
furnished the Company with notice of such proposed transfer and the Company's
legal counsel, in its reasonable opinion, shall deem such proposed transfer to
be so exempt.

13. Miscellaneous.

13.1. Notices. All notices, requests, deliveries, payments,
demands and other communications which are required or permitted to be given
under this Agreement shall be in writing and shall be either delivered
personally or sent by registered or certified mail, or by private courier,
return receipt requested, postage prepaid to the parties at their respective addresses set forth herein, or to such other address as either shall have
specified by notice in writing to the other. Notice shall be deemed duly given
hereunder when delivered or mailed as provided herein.

13.2. Stockholder Rights. The Employee shall not have any of the
rights of a stockholder with respect to the Option Shares until such shares have
been issued after the due exercise of the Option. Nothing contained in this
Agreement shall be deemed to confer upon Employee any right to continued
employment with the Company or any subsidiary thereof, nor shall it interfere in
any way with the right of the Company to terminate Employee in accordance with
the provisions regarding such termination set forth in Employee's written
agreement with the Company, or if there exists no such agreement, to terminate
Employee at will.

13.3. Waiver. The waiver by any party hereto of a breach of any
provision of this Agreement shall not operate or be construed as a waiver of any
other or subsequent breach.

13.4. Entire Agreement. This Agreement constitutes the entire
agreement between the parties with respect to the subject matter hereof. This
Agreement may not be amended except by writing executed by the party to be
charged.

13.5. Binding Effect; Successors. This Agreement shall inure to the
benefit of and be binding upon the parties hereto and, to the extent not
prohibited herein, their respective heirs, successors, assigns and
representatives. Nothing in this Agreement, expressed or implied, is intended to
confer on any person other than the parties hereto and as provided above, their
respective heirs, successors, assigns and representatives any rights, remedies,
obligations or liabilities.

13.6. Governing Law. This Agreement shall be governed by and
construed in accordance with the laws of the State of Delaware (without regard
to conflicts of law provisions).

13.7. Headings. The headings contained herein are for the sole
purpose of convenience of reference, and shall not in any way limit or affect
the meaning or interpretation of any of the terms or provisions of this
Agreement.

WITNESS WHEREOF, the parties hereto have signed this Agreement as
of the day and year first above written.

CYBER MARK INTERNATIONAL CORP. Address:
50 West Pearce Street - Unit 6
Richmond Hill, Ontario L4B 1E3
Canada

By: __________________________
Harvey Betsalel

EMPLOYEE: Address:
262 Charlton Avenue
Thornhill, Ontario L4J 6H2
Canada

______________________________
Allan Fryman

[Franko10 ™]

EXHIBIT A

FORM OF NOTICE OF EXERCISE OF OPTION

Cyber Mark International Corp.
50 West Pearce Street - Unit 6
Richmond Hill, Ontario L4B 1E3
Canada

_______________________________
DATE

Attention: Secretary or Treasurer

Re: Purchase of Option Shares

Gentlemen:

In accordance with my Stock Option Agreement dated as of
August 25, 1998 ("Agreement") with Cyber Mark International Corp. ("Company"), I
hereby irrevocably elect to exercise the right to purchase _________ shares of
the Company's common stock ("Common Stock"), which are being purchased for
investment and not for resale.

As payment for my shares, enclosed is (check and complete
applicable box[es]):

|_| a [personal check] [certified check] [bank check]
payable to the order of "Cyber Mark International Corp." in
the sum of $_________; and/or

|_| confirmation of wire transfer in the amount of
$_____________.

I hereby represent, warrant to, and agree with, the Company
that:

(i) I have acquired the Option and shall acquire the Option
Shares for my own account and not with a view towards the distribution thereof;

(ii) I understand that I must bear the economic risk of the
investment in the Option Shares, which cannot be sold by me unless they are
registered under the Securities Act of 1933 ("1933 Act") or an exemption
therefrom is available thereunder and that the Company is under no obligation to
register the Option Shares for sale under the 1933 Act;

(iii) I have had both the opportunity to ask questions and
receive answers from the officers and directors of the Company and all persons
acting on its behalf concerning the terms and conditions of the offer made
hereunder and to obtain any additional information to the extent the Company
possesses or may possess such information or can acquire it without unreasonable effort or expense necessary to verify the accuracy of the information obtained
pursuant to clause (ii) above;

(iv) I am aware that the Company shall place stop transfer
orders with its transfer agent against the transfer of the Option Shares in the
absence of registration under the 1933 Act or an exemption therefrom as provided
herein; and

(v) the certificates evidencing the Option Shares may bear
the following legends:

"The shares represented by this certificate have been
acquired for investment and have not been registered
under the Securities Act of 1933. The shares may not
be sold or transferred in the absence of such
registration or an exemption therefrom under said
Act."

"The shares represented by this certificate have been
acquired pursuant to a Stock Option Agreement, dated
as of August 25, 1998, a copy of which is on file
with the Company, and may not be transferred, pledged
or disposed of except in accordance with the terms
and conditions thereof."

Kindly forward to me my certificate at your earliest convenience.

Very truly yours,


____________________________________ _______________________________________
(Signature) (Address)

____________________________________ _______________________________________
(Print Name) (Address)

_______________________________________
(Social Security Number)

STOCK OPTION AGREEMENT

AGREEMENT made as of the 1st day of April, 2000, by and between Cyber
Mark International Corp., a Delaware corporation ("Company"), and Israel Ellis
("Employee").

WHEREAS, the Company has employed Employee and is entering into this
agreement as part of his compensation package;

WHEREAS, on April 1, 2000 ("Grant Date"), the Board of Directors of
the Company ("Board") authorized the grant to the Employee of an option
("Option") to purchase an aggregate of 300,000 shares of the authorized but
unissued Common Stock of the Company ("Common Stock"), conditioned upon the
Employee's acceptance thereof upon the terms and conditions set forth in this
Agreement; and

WHEREAS, the Employee desired to acquire the Option on the terms and
conditions set forth in this Agreement;

IT IS AGREED:

1. Grant of Stock Option: The Company hereby grants the Employee the
Option to purchase all or any part of an aggregate of 300,000 shares of Common
Stock ("Option Shares") on the terms and condition set forth herein.

2. Non-Incentive Stock Options. The Option represented hereby is not
intended to be an option which qualifies as an "Incentive Stock Option" under
Section 422 of the Internal Revenue Code of 1986, as amended.

3. Exercise Price. The Exercise Price of the Option is as set forth in
paragraph 4 hereof, subject to adjustment as hereinafter provided.

4. Exercisability. This Option shall be exerciseable commencing June
1, 2000, subject to the terms of this Agreement. The Option may be exercised at
US$.50 per share. The Option will remain exercisable until April 1, 2005. The
period during which a portion of the Option is exercisable is referred to as the
Exercise Period.

5. Effect of Termination of Employment. Upon termination of the
employment of Employee for death or disability (as hereinafter defined),
Employee or his representative or administrator or executive may exercise the
vested portion of this Option for one year after the date of termination. Upon
termination of the employment of Employee for any other reason, this Option
Agreement shall terminate and the Option may not be exercised as to any vested
portion after the date of termination. Disability shall mean Employee's
incapacity because of physical or mental illness which prevents him from
carrying out his duties as an employee of the Company on a full-time basis for a
period of 120 consecutive days or for an aggregate of 120 days in any
consecutive nine month period, after 30 days advance notice of termination is given by the Company (which may be given before or after the end
of the disability periods described above).

6. Withholding Tax. Not later than the date as of which an amount
first becomes includible in the gross income of the Employee for United States
Federal income tax purposes with respect to the Option, the Employee shall
notify the Company of the amount and, to the extent required, pay to the
Company, or make arrangements satisfactory to the Company regarding the payment
of, any United States Federal, state, local and other taxes of any kind required
by law to be withheld or paid with respect to such amount. The obligations of
the Company under this Agreement shall be conditional upon such payment or
arrangements with the Company, and the Company shall, to the extent permitted by
law, have the right to deduct any such taxes from any payment of any kind
otherwise due to the Employee from the Company.

7. Adjustments. In the event of any stock dividend, forward stock
split, reverse stock split, or other recapitalization of the Company which
affects the number of outstanding shares of Common Stock, the Company shall
proportionally adjust the number and kind of Option Shares and the exercise
price of the Option in order to prevent the dilution or enlargement of the
Employee's proportionate interest in the Company and Employee's rights hereunder
immediately prior to the stock dividend, stock split, reverse stock split or
recapitalization, provided that the number of Option Shares shall always be a
whole number. No other adjustment is required to be made in the number of shares
or price per share subject to this Option.

8. Method of Exercise.

8.1 Notice to the Company. The Option shall be exercised in whole
or in part as to the exercisable portion by written notice in substantially the
form attached hereto as Exhibit A directed to the Company at its principal place
of business accompanied by full payment as hereinafter provided of the exercise
price for the number of Option Shares specified in the notice.

8.2 Delivery of Option Shares. The Company shall deliver a
certificate for the Option Shares to the Employee as soon as practicable after
payment therefor.

8.3 Payment of Purchase Price.

8.3.1 Payment. The Employe shall make payments by wire
transfer, certified or bank check or personal
check, in each case payable to the order of the
Company; the Company shall not be required to
deliver certificates for Option Shares until the
Company has confirmed the receipt of

good and available funds in payment of the
purchase price thereof.

8.3.2 Payment of Withholding Tax. Any required
withholding tax shall be paid in cash in
accordance with Sections 8.3.1.

9. Nonassignability. The Option shall not be assignable or
transferable except by will or by the laws of descent and distribution in the
event of the death of the Employee. No transfer of the Option by the Employee by
will or by the laws of descent and distribution shall be effective to bind the
Company unless the Company shall have been furnished with written notice thereof
and a copy of the will and such other evidence as the Company may deem necessary
to establish the validity of the transfer and the acceptance by the transferee
or transferees of the terms and conditions of the Option.

10. Company Representations. The Company hereby represents and
warrants to the Employee that:

(a) the Company, by appropriate and all required action, is duly
authorized to enter into this Agreement and consummate all of the transactions
contemplated hereunder; and

(b) the Option Shares, when issued and delivered by the Company to
the Employee in accordance with the terms and conditions hereof, will be duly
and validly issued and fully paid and non-assessable.

11. Employee Representations. The Employee hereby represents and
warrants to the Company that:

(a) he is acquiring the Option and shall acquire the Option Shares
for his own account and not with a view towards the distribution thereof;

(b) he understands that he must bear the economic risk of the
investment in the Option Shares, which cannot be sold by him unless they are
registered under the Securities Act of 1933 ("1933 Act") or an exemption
therefrom is available thereunder (which exemption may require a holding period
of not less than one year after exercise in certain circumstances and not less
than two years after exercise in certain other circumstances and if an affiliate
of the Company may impose other restrictions) and that the Company is under no
obli gation to register the Option Shares for its issuance or sale by the
Employee under the 1933 Act except as stated in this Agreement;

(c) he has had both the opportunity to ask questions and receive
answers from the officers and directors of the Company and all persons acting on
its behalf concerning the terms and conditions of the offer made hereunder and
to obtain any additional information to the extent the Company possesses or may possess such information or can acquire it without unreasonable effort or
expense necessary to verify the accuracy of the information obtained pursuant to
this clause;

(d) he is aware that the Company shall place stop transfer orders
with its transfer agent against the transfer of the Option Shares in the absence
of registration under the 1933 Act or an exemption therefrom as provided herein;
and

(e) The certificates evidencing the Option Shares may bear the
following legends:

"The shares represented by this certificate have been
acquired for investment and have not been registered
under the Securities Act of 1933. The shares may not
be sold or transferred in the absence of such
registration or an exemption therefrom under said
Act."

"The shares represented by this certificate have been
acquired pursuant to a Stock Option Agreement, dated
as of April 1, 2000, a copy of which is on file with
the Company, and may not be trans ferred, pledged or
disposed of except in accordance with the terms and
conditions thereof."

12. Restriction on Transfer of Stock Option Agreement and Option
Shares. Anything in this Agreement to the contrary notwithstanding and in
addition to the provisions of Section 11 of this Agreement, the Employee hereby
agrees that he shall not sell, transfer by any means or otherwise dispose of the
Option Shares acquired by him without registration under the 1933 Act, or in the
event that they are not so registered, unless (i) an exemption from the 1933 Act
registration requirements is available thereunder, and (ii) the Employee has
furnished the Company with notice of such proposed transfer and the Company's
legal counsel, in its reasonable opinion, shall deem such proposed transfer to
be so exempt.

13. Registration Right. If the Company shall file (time not being of
the essence) a Registration Statement on Form S-8 (or successor form) at any
time prior to the exercise of any portion of this Option, if it is permitted to
do so, it will register the Option Shares for issuance to Employee on such Form
S-8 (or successor form).

14. Miscellaneous.

14.1 Notices. All notices, requests, deliveries, payments,
demands and other communications which are required or
permitted to be given under this Agreement shall be in
writing and shall be either delivered personally or sent by
registered or certified mail, or by private courier, return
receipt requested, postage prepaid to the parties at their
respective addresses set forth herein, or
to such other address as either shall have specified by
notice in writing to the other. Notice shall be deemed duly
given hereunder when delivered or mailed as provided herein.

14.2 Stockholder Rights. The Employee shall not have any of the
rights of a stockholder with respect to the Option Shares
until such shares have been issued after the due exercise of
the Option. Nothing contained in this Agreement shall be
deemed to confer upon Employee any right to continued
employment with the Company or any subsidiary thereof, nor
shall it interfere in any way with the right of the Company
to terminate Employee in accordance with the provisions
regarding such termination set forth in Employee's written
agreement with the Company, or if there exists no such
agreement, to terminate Employee at will.

14.3 Waiver. The waiver by any party hereto of a breach of any
provision of this Agreement shall not operate or be
construed as a waiver of any other or subsequent breach.

14.4 Entire Agreement. This Agreement constitutes the entire
agreement between the parties with respect to the subject
matter hereof. This Agreement may not be amended except by
writing executed by the party to be charged.

14.5 Binding Effect; Successors. This Agreement shall inure to
the benefit of and be binding upon the parties hereto and,
to the extent not prohibited herein, their respective heirs,
successors, assigns and representatives. Nothing in this
Agreement, expressed or implied, is intended to confer on
any person other than the parties hereto and as provided
above, their respective heirs, successors, assigns and
representatives any rights, remedies, obligations or
liabilities.

14.6 Governing Law. This Agreemen shall be governed by and
construed in accordance with the laws of the State of
Delaware (without regard to conflicts of law provisions).

14.7 Headings. The headings contained herein are for the sole
purpose of convenience of reference, and shall not in any
way limit or affect the meaning or interpretation of any of
the terms or provisions of this Agreement.
IN WITNESS WHEREOF, the parties hereto have signed this Agreement as
of the day and year first above written.

CYBER MARK INTERNATIONAL CORP. Address:
359 Enford Road - Unit 1
Richmond Hill, Ontario L4C 3G2
Canada
/s/ Samuel Singal
By: _________________________________



EMPLOYEE: Address: 27 Hiram Rd.
Richmond Hill, Ont.
L4C 9E6 Canada
/s/ Israel Ellis
______________________________
Israel Ellis




<PAGE>
EXHIBIT A

FORM OF NOTICE OF EXERCISE OF OPTION

Cyber Mark International Corp.
50 West Pearce Street - Unit 6
Richmond Hill, Ontario L4B 1E3
Canada

_______________________________
DATE

Attention: Secretary or Treasurer

Re: Purchase of Option Shares

Gentlemen:

In accordance with my Stock Option Agreement dated as of
April 1, 2000 ("Agreement") with Cyber Mark International Corp. ("Company"), I
hereby irrevocably elect to exercise the right to purchase _________ shares of
the Company's common stock ("Common Stock"), which are being purchased for
investment and not for resale.

As payment for my shares, enclosed is (check and complete
applicable box[es]):

|_| a [personal check] [certified check] [bank check]
payable to the order of "Cyber Mark International Corp." in
the sum of $_________; and/or

|_| confirmation of wire transfer in the amount of
$_____________.

I hereby represent, warrant to, and agree with, the Company
that:

(1) I have acquired the Option and shall acquire the Option
Shares for my own account and not with a view towards the distribution thereof;

(2) I understand that I must bear the economic risk of the
investment in the Option Shares, which cannot be sold by me unless they are
registered under the Securities Act of 1933 ("1933 Act") or an exemption
therefrom is available thereunder and that the Company is under no obligation to
register the Option Shares for sale under the 1933 Act;

(3) I have had both the opportunity to ask questions and
receive answers from the officers and directors of the Company and all persons
acting on its behalf concerning the terms and conditions of the offer made
hereunder and to obtain any additional information to the extent the Company
possesses or may possess such information or can acquire it without unreasonable effort or expense necessary to verify the accuracy of the information obtained
pursuant to clause (2) above;

(4) I am aware that the Company shall place stop transfer
orders with its transfer agent against the transfer of the Option Shares in the
absence of registration under the 1933 Act or an exemption therefrom as provided
herein; and

(5) the certificates evidencing the Option Shares may bear
the following legends:

"The shares represented by this certificate have been
acquired for investment and have not been registered
under the Securities Act of 1933. The shares may not
be sold or transferred in the absence of such
registration or an exemption therefrom under said
Act."

"The shares represented by this certificate have been
acquired pursuant to a Stock Option Agreement, dated
as of April 1, 2000, a copy of which is on file
with the Company, and may not be transferred, pledged
or disposed of except in accordance with the terms
and conditions thereof."

Kindly forward to me my certificate at your earliest convenience.

Very truly yours,


____________________________________ _______________________________________
(Signature) (Address)

____________________________________ _______________________________________
(Print Name) (Address)

_______________________________________
(Social Security Number)

[Franko10 ™]

STOCK OPTION AGREEMENT

AGREEMENT made as of the 25th day of August, 1998, by and between
Cyber Mark International Corp., a Delaware corporation ("Company"), and Joseph
Byck ("Employee").

WHEREAS, the Company and Employee have entered into an Employment
Agreement of even date herewith pursuant to which Employee will be employed by
the Company ("Employment Agreement");

WHEREAS, on August 25, 1998 ("Grant Date"), the Board of Directors of
the Company ("Board") authorized the grant to the Employee of an option
("Option") to purchase an aggregate of 400,000 shares of the authorized but
unissued Common Stock of the Company ("Common Stock"), conditioned upon the
Employee's acceptance thereof upon the terms and conditions set forth in this
Agreement; and

WHEREAS, the Employee desires to acquire the Option on the terms and
conditions set forth in this Agreement;

IT IS AGREED:

1. Grant of Stock Option. The Company hereby grants the Employee the
Option to purchase all or any part of an aggregate of 400,000 shares of Common
Stock ("Option Shares") on the terms and conditions set forth herein.

2. Non-Incentive Stock Option. The Option represented hereby is not
intended to be an Option which qualifies as an "Incentive Stock Option" under
Section 422 of the Internal Revenue Code of 1986, as amended.

3. Exercise Price. The exercise price of the Option is as set forth in
paragraph 4 hereof, subject to adjustment as hereinafter provided.



<PAGE>



4. Exercisability. This Option is exercisable as follows: (i)
commencing December 31, 1998 and ending December 31, 2001, this Option may be
exercised for up to 200,000 shares of Common Stock at US$.50 per shares; (ii)
commencing December 31, 1999 and ending December 31, 2002, this Option may be
exercised for up to 100,000 additional shares of Common Stock at US$1.00 per
share; and (iii) commencing December 31, 2000 and ending December 31, 2003, this
Option may be exercised for up to 100,000 additional shares of Common Stock at
US$1.25 per share. The period during which a portion of the Option is
exercisable is referred to as the Exercise Period.

5. Effect of Termination of Employment. The termination of the
employment of Employee will have no effect on the exercisability of a portion of
this Option once it becomes exercisable. If Employee's employment is terminated
before a portion of this Option is exercisable, that portion of the Option will
terminate and be of no further effect.

6. Withholding Tax. Not later than the date as of which an amount
first becomes includible in the gross income of the Employee for Federal income
tax purposes with respect to the Option, the Employee shall notify the Company
of the amount and, to the extent required, pay to the Company, or make
arrangements satisfactory to the Company regarding the payment of, any Federal,
state, local and other taxes of any kind required by law to be withheld or paid
with respect to such amount. The obligations of the Company under this Agreement
shall be conditional upon such pay ment or arrangements with the Company and the
Company shall, to the extent permitted by law, have the right to deduct any such
taxes from any payment of any kind otherwise due to the Employee from the
Company.

7. Adjustments. In the event of any stock dividend, forward stock
split, reverse stock split, or other recapitalization of the Company which
affects the number of outstanding shares of Common Stock, the Company shall
proportionally adjust the number and kind of Option Shares and the exercise
price of the Option in order to prevent the dilution or enlargement of the
Employee's proportionate interest in the Company and Employee's rights hereunder immediately prior to the stock dividend, stock split, reverse stock split or
recapitalization, provided that the number of Option Shares shall always be a
whole number.

8. Method of Exercise.

8.1. Notice to the Company. The Option shall be exercised in
whole or in part by written notice in substantially the form attached hereto as
Exhibit A directed to the Company at its principal place of business accompanied
by full payment as hereinafter provided of the exercise price for the number of
Option Shares specified in the notice.

8.2. Delivery of Option Shares. The Company shall deliver a
certificate for the Option Shares to the Employee as soon as practicable after
payment therefor.

8.3. Payment of Purchase Price.

8.3.1. Payment. The Employee shall make payments by wire
transfer, certified or bank check or personal check, in each case payable to the
order of the Company; the Company shall not be required to deliver certificates
for Option Shares until the Company has confirmed the receipt of good and
available funds in payment of the purchase price thereof.

8.3.2. Payment of Withholding Tax. Any required
withholding tax shall be paid in cash in accordance with Sections 8.3.1.

9. Nonassignability. The Option shall not be assignable or
transferable except by will or by the laws of descent and distribution in the
event of the death of the Employee. No transfer of the Option by the Employee by
will or by the laws of descent and distribution shall be effective to bind the
Company unless the Company shall have been furnished with written notice thereof
and a copy of the will and such other evidence as the Company may deem necessary
to establish the validity of the transfer and the acceptance by the transferee
or transferees of the terms and conditions of the Option.

10. Company Representations. The Company hereby represents and
warrants to the Employee that:

(a) the Company, by appropriate and all required action, is duly
authorized to enter into this Agreement and consummate all of the
transactions contemplated hereunder; and

(b) the Option Shares, when issued and delivered by the Company
to the Employee in accordance with the terms and conditions hereof,
will be duly and validly issued and fully paid and non-assessable.

11. Employee Representations. The Employee hereby represents and
warrants to the Company that:

(a) he is acquiring the Option and shall acquire the Option
Shares for his own account and not with a view towards the distribution
thereof;

(b) he understands that he must bear the economic risk of the
investment in the Option Shares, which cannot be sold by him unless
they are registered under the Securities Act of 1933 ("1933
Act") or an exemption therefrom is available thereunder (which
exemption may require a holding period of not less than one year after
exercise in certain circumstances and not less than two years after
exercise in certain other circumstances and if an affiliate of the
Company may impose other restrictions) and that the Company is under no
obligation to register the Option Shares for sale under the 1933 Act
except or stated in this agreement;

(c) in his position with the Company, he has had both the
opportunity to ask questions and receive answers from the officers
and directors of the Company and all persons acting on its behalf
concerning the terms and conditions of the offer made hereunder and to
obtain any additional information to the extent the Company possesses or may possess such information or can acquire it without unreasonable
effort or expense necessary to verify the accuracy of the information
obtained pursuant to this clause;

(d) he is aware that the Company shall place stop transfer
orders with its transfer agent against the transfer of the Option
Shares in the absence of registration under the 1933 Act or an
exemption therefrom as provided herein; and

(e) The certificates evidencing the Option Shares may bear the
following legends:

"The shares represented by this certificate have been
acquired for investment and have not been registered
under the Securities Act of 1933. The shares may not
be sold or transferred in the absence of such
registration or an exemption therefrom under said
Act."

"The shares represented by this certificate have been
acquired pursuant to a Stock Option Agreement, dated
as of August 25, 1998, a copy of which is on file
with the Company, and may not be trans ferred,
pledged or disposed of except in accordance with the
terms and conditions thereof."

12. Restriction on Transfer of Stock Option Agreement and Option
Shares. Anything in this Agreement to the contrary notwithstanding and in
addition to the provisions of Section 11 of this Agreement, the Employee hereby
agrees that he shall not sell, transfer by any means or otherwise dispose of the
Option Shares acquired by him without registration under the 1933 Act, or in the
event that they are not so registered, unless (i) an exemption from the 1933 Act
registration requirements is available thereunder, and (ii) the Employee has
furnished the Company with notice of such proposed transfer and the Company's
legal counsel, in its reasonable opinion, shall deem such proposed transfer to
be so exempt.

13. Registration Right. The Company shall promptly (time not being of
the essence) file a Registration Statement on Form S-8 (or successor form) to
register the Option Shares for issuance to Employee at such time as is permitted for the Company to use Form S-8, after it has registered a class of securities
under the Exchange Act of 1934, as amended, ("Exchange Act"), and provided
further that the Option Shares may be registered on Form S-8. Employee agrees
that the Company is not obligated to register a class of securities under the
Exchange Act at any time.

14. Miscellaneous.

14.1. Notices. All notices, requests, deliveries, payments,
demands and other communications which are required or permitted to be given
under this Agreement shall be in writing and shall be either delivered
personally or sent by registered or certified mail, or by private courier,
return receipt requested, postage prepaid to the parties at their respective
addresses set forth herein, or to such other address as either shall have
specified by notice in writing to the other. Notice shall be deemed duly given
hereunder when delivered or mailed as provided herein.

14.2. Stockholder Rights. The Employee shall not have any of
the rights of a stockholder with respect to the Option Shares until such shares
have been issued after the due exercise of the Option. Nothing contained in this
Agreement shall be deemed to confer upon Employee any right to continued
employment with the Company or any subsidiary thereof, nor shall it interfere in
any way with the right of the Company to terminate Employee in accordance with
the provisions regarding such termination set forth in Employee's written
agreement with the Company, or if there exists no such agreement, to terminate
Employee at will.

14.3. Waiver. The waiver by any party hereto of a breach of
any provision of this Agreement shall not operate or be construed as a waiver of
any other or subsequent breach.

14.4. Entire Agreement. This Agreement constitutes the entire
agreement between the parties with respect to the subject matter hereof. This
Agreement may not be amended except by writing executed by the party to be
charged.

14.5. Binding Effect; Successors. This Agreement shall inure
to the benefit of and be binding upon the parties hereto and, to the extent not prohibited herein, their respective heirs, successors, assigns and
representatives. Nothing in this Agreement, expressed or implied, is intended to
confer on any person other than the parties hereto and as provided above, their
respective heirs, successors, assigns and representatives any rights, remedies,
obligations or liabilities.

14.6. Governing Law. This Agreement shall be governed by and
construed in accordance with the laws of the State of Delaware (without regard
to conflicts of law provisions).

14.7. Headings. The headings contained herein are for the
sole purpose of convenience of reference, and shall not in any way limit or
affect the meaning or interpretation of any of the terms or provisions of this
Agreement.

IN WITNESS WHEREOF, the parties hereto have signed this Agreement as
of the day and year first above written.

CYBER MARK INTERNATIONAL CORP. Address:
50 West Pearce Street - Unit 6
Richmond Hill, Ontario L4B 1E3
Canada

By: __________________________
Harvey Betsalel

EMPLOYEE: Address:
605 Finch Avenue- West - #1707
North York, Ontario M2R 1P1

__________________________
Joseph Byck

EXHIBIT A

FORM OF NOTICE OF EXERCISE OF OPTION

Cyber Mark International Corp.
50 West Pearce Street - Unit 6
Richmond Hill, Ontario L4B 1E3
Canada

_______________________________
DATE

Attention: Secretary or Treasurer

Re: Purchase of Option Shares

Gentlemen:

In accordance with my Stock Option Agreement dated as of
August 25, 1998 ("Agreement") with Cyber Mark International Corp. ("Company"), I
hereby irrevocably elect to exercise the right to purchase _________ shares of
the Company's common stock ("Common Stock"), which are being purchased for
investment and not for resale.

As payment for my shares, enclosed is (check and complete
applicable box[es]):

|_| a [personal check] [certified check] [bank check]
payable to the order of "Cyber Mark International Corp." in
the sum of $_________; and/or

|_| confirmation of wire transfer in the amount of
$_____________.

I hereby represent, warrant to, and agree with, the Company
that:

(i) I have acquired the Option and shall acquire the Option
Shares for my own account and not with a view towards the distribution thereof;

(ii) I understand that I must bear the economic risk of the
investment in the Option Shares, which cannot be sold by me unless they are
registered under the Securities Act of 1933 ("1933 Act") or an exemption
therefrom is available thereunder and that the Company is under no obligation to
register the Option Shares for sale under the 1933 Act;

(iii) I have had both the opportunity to ask questions and
receive answers from the officers and directors of the Company and all persons
acting on its behalf concerning the terms and conditions of the offer made
hereunder and to obtain any additional information to the extent the Company
possesses or may possess such information or can acquire it without unreasonable effort or expense necessary to verify the accuracy of the information obtained
pursuant to clause (ii) above;

(iv) I am aware that the Company shall place stop transfer
orders with its transfer agent against the transfer of the Option Shares in the
absence of registration under the 1933 Act or an exemption therefrom as provided
herein; and

(v) the certificates evidencing the Option Shares may bear
the following legends:

"The shares represented by this certificate have been
acquired for investment and have not been registered
under the Securities Act of 1933. The shares may not
be sold or transferred in the absence of such
registration or an exemption therefrom under said
Act."

"The shares represented by this certificate have been
acquired pursuant to a Stock Option Agreement, dated
as of August 25, 1998, a copy of which is on file
with the Company, and may not be transferred, pledged
or disposed of except in accordance with the terms
and conditions thereof."

Kindly forward to me my certificate at your earliest convenience.

Very truly yours,


____________________________________ _______________________________________
(Signature) (Address)

____________________________________ _______________________________________
(Print Name) (Address)

_______________________________________
(Social Security Number)

[Franko10 ™]

EXHIBIT 5.1


Graubard Mollen & Miller
600 Third Avenue
New York, New York 10016-2097


January 16, 2001


Cyber Mark International Corp.
359 Enford Road, Unit 1
Richmond Hill, Ontario, Canada L4C 3G2

Dear Sirs:

Reference is made to the Registration Statement on Form S-8
("Registration Statement") filed by Cyber Mark International Corp. ("Company"),
a Delaware corporation, under the Securities Act of 1933, as amended ("Act"),
with respect to options for an aggregate of 6,010,000 shares of common stock,
par value $.0001 per share ("Common Stock"), to be offered by the Company under
the Company's 1998 Performance Equity Plan, the Company's 2000 Performance
Equity Plan (together with the 1998 Performance Equity Plan, the "Performance
Plans") and other employee option plans (the "Options").

We have examined such documents and considered such legal matters as we
have deemed necessary and relevant as the basis for the opinion set forth below.
With respect to such examination, we have assumed the genuineness of all
signatures, the authenticity of all documents submitted to us as originals, the
conformity to original documents of all documents submitted to us as reproduced
or certified copies, and the authenticity of the originals of those latter
documents. As to questions of fact material to this opinion, we have, to the
extent deemed appropriate, relied upon certain representations of certain
officers and employees of the Company. We have also assumed that in granting
future awards under the Performance Plans, the Board of Directors of the Company
or the appropriate committee thereunder will exercise its discretion in
establishing the terms of such awards within the permissible limits of the law
of the State of Delaware.

Based upon the foregoing, it is our opinion that the Common Stock to be
issued by the Company under the Performance Plans and the Options, when sold in
accordance with the terms of the Performance Plans and the Options and the
individual instruments governing their issuance, will be legally issued, fully
paid and nonassessable, although they may be subject to contractual restrictions
established by the Performance Plans, the Options or other individual
instrument.

In giving this opinion, we have assumed that all certificates for the
Company's shares of Common Stock, prior to their issuance, will be duly executed
on behalf of the Company by the Company's transfer agent and registered by the
Company's registrar, if necessary, and will conform, except as to denominations,
to specimens which we have examined.

We hereby consent to the use of this opinion as an exhibit to the
Registration Statement, to the use of our name as your counsel and to all
references made to us in the Registration Statement and in the Prospectus
forming a part thereof. In giving this consent, we do not hereby admit that we
are in the category of persons whose consent is required under Section 7 of the
Act, or the rules and regulations promulgated thereunder.

Very truly yours,

/s/ Graubard Mollen & Miller

GRAUBARD MOLLEN & MILLER

EXHIBIT 23.1

INDEPENDENT AUDITORS' CONSENT

To the Board of Directors and Stockholders of
Cyber Mark International Corp.


We consent to the incorporation by reference in this Registration Statement of
Cyber Mark International Corp. (the "Company") on Form S-8 of our report dated
April 7, 2000, appearing in the Annual Report on Form 10-KSB of the Company and
its Subsidiaries for the year ended December 31, 1999.

/s/ Citrin Cooperman & Company, LLP
- ------------------------------------
Citrin Cooperman & Company, LLP

January 12, 2001