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<SEC-DOCUMENT>0000015615-04-000005.txt : 20040120
<SEC-HEADER>0000015615-04-000005.hdr.sgml : 20040119
<ACCEPTANCE-DATETIME>20040120143200
ACCESSION NUMBER:		0000015615-04-000005
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		5
FILED AS OF DATE:		20040120
EFFECTIVENESS DATE:		20040120

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MASTEC INC
		CENTRAL INDEX KEY:			0000015615
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER, SEWER, PIPELINE, COMM AND POWER LINE CONSTRUCTION [1623]
		IRS NUMBER:				650829355
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-112010
		FILM NUMBER:		04532249

	BUSINESS ADDRESS:	
		STREET 1:		800 DOUGLAS ROAD
		STREET 2:		12TH FLOOR
		CITY:			CORAL GABLES
		STATE:			FL
		ZIP:			33134
		BUSINESS PHONE:		3055991800

	MAIL ADDRESS:	
		STREET 1:		800 DOUGLAS ROAD
		STREET 2:		12TH FLOOR
		CITY:			CORAL GABLES
		STATE:			FL
		ZIP:			33134

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BURNUP & SIMS INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>forms8011504.htm
<DESCRIPTION>S8 AMENDMENT NO. 1
<TEXT>
<HTML>
<HEAD>
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     <!-- Control Number:                                                                  -->
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     <!-- Project Name:   forms8011504                                                     -->
     <!-- Firm Name:      MasTec, Inc.                                                     -->
     <TITLE>Form S-8 Standard Registration Statement</TITLE>
</HEAD>
<BODY>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>As filed with the
Securities and Exchange Commission on January 20, 2004 </FONT></H1>

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<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Registration No.
333-105781</B> </FONT></P>




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<A NAME=A002></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SECURITIES AND
EXCHANGE COMMISSION <BR>Washington, D.C. 20549  </FONT></H1>

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     <P ALIGN=CENTER>_________________ </P>

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<A NAME=A004></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>AMENDMENT NO.1 TO<BR>FORM S-8<BR> REGISTRATION
STATEMENT UNDER THE<BR> SECURITIES ACT OF 1933  </FONT></H1>

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     <P ALIGN=CENTER>_________________ </P>

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<A NAME=A008></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>MASTEC, INC.</B> <BR>(Exact name of
registrant as specified in its charter) </FONT></P>
<BR>
<BR>
<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="600" ALIGN="CENTER">
<TR VALIGN=Bottom>
     <TD WIDTH="5%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT> </TD>
     <TD WIDTH="40%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>Florida</U> </FONT> </TD>
     <TD WIDTH="10%"  ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="40%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>65-0829355</U> </FONT> </TD>
     <TD WIDTH="5%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT> </TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(State or other jurisdiction of </FONT> </TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(I.R.S. Employer </FONT> </TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT> </TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">incorporation or organization) </FONT> </TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Identification No.) </FONT> </TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>

<TR VALIGN=Bottom>
      <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT> </TD>
      <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT> </TD>
      <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT> </TD>
      <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT> </TD>
      <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT> </TD></TR>
</TABLE>
<BR>


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<A NAME=A010></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>800 Douglas Road, 12th Floor<BR><U>Coral Gables, Florida 33134</U><BR> (Address of Principal Executive Offices, including Zip Code) </FONT></P>

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     <P ALIGN=CENTER>_________________ </P>

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<A NAME=A012></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B><U>MasTec, Inc. Amended and Restated 2003 Stock Incentive Plan for Non-Employees</U></B><BR>
(Full title of plan)</FONT></P>

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     <P ALIGN=CENTER>_________________ </P>


<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 ALIGN=Center WIDTH=600>
<TR VALIGN=Bottom>
     <TD WIDTH=61% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Donald P. Weinstein </FONT></TD>
     <TD WIDTH=3% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=34% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Copy to: </FONT></TD>
     <TD WIDTH=2% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">MasTec, Inc. </FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Stephen M. Honig, Esquire </FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">800 Douglas Road, 12th Floor </FONT></TD>
<TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Duane Morris LLP </FONT></TD>
<TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Coral Gables, Florida 33134 </FONT></TD>
<TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">470 Atlantic Avenue, Suite 500 </FONT></TD>
<TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>(305) 599-1800</U> </FONT></TD>
<TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Boston, Massachusetts 02210</FONT></TD>
<TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="1">(Name, address and telephone number of agent for service)</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(617) 289-9200 </FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
</TABLE>

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     <P ALIGN=CENTER>_________________ </P>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CALCULATION OF
REGISTRATION FEE </FONT></P>


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<HR ALIGN=LEFT WIDTH=100% SIZE=2 NOSHADE>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="600" ALIGN="CENTER" BORDER="0">
<TR VALIGN=Bottom>
     <TH COLSPAN=2><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Title of
securities<BR>
<U>to be Registered</U> </FONT></TH>
     <TH COLSPAN=2><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Amount to be<BR>
<U>Registered (1)</U> </FONT></TH>
     <TH COLSPAN=2><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Proposed<BR>
maximum offering<BR> <U>price per share (2)</U> </FONT></TH>
     <TH COLSPAN=2><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Proposed<BR>
maximum aggregate<BR>
<U>offering price (2)</U> </FONT></TH>
     <TH COLSPAN=2><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Amount of<BR>
<U>registration fee (3)</U> </FONT></TH></TR>
<TR VALIGN=Bottom>
      <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT> </TD>
      <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT> </TD>
      <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT> </TD>
      <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT> </TD>
      <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT> </TD>
      <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT> </TD>
      <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT> </TD>
      <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT> </TD>
      <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT> </TD>
      <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT> </TD></TR>
<TR VALIGN=Bottom>
     <TD WIDTH="25%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2> &nbsp; </FONT></TD>
     <TD WIDTH="1%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="15%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="1%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="18%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="1%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="18%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="1%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="17%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="1%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Common Stock, <BR>par value $0.10</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2,000,000 shares</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$14.47</FONT></TD>
<TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$28,940,000</FONT></TD>
<TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$0.00</FONT></TD>
<TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>


<TR VALIGN=Bottom>
      <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT> </TD>
      <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT> </TD>
      <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT> </TD>
      <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT> </TD>
      <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT> </TD>
      <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT> </TD>
      <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT> </TD>
      <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT> </TD>
      <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT> </TD>
      <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT> </TD></TR>
<TR VALIGN=Bottom>
      <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Common Stock, <BR>par value $0.10</FONT> </TD>
      <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT> </TD>
      <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">500,000 shares</FONT> </TD>
      <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT> </TD>
      <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">$14.47</FONT> </TD>
      <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT> </TD>
      <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">$72,235,000</FONT> </TD>
      <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT> </TD>
      <TD ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">$585.32</FONT> </TD>
      <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT> </TD></TR>

</TABLE>
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<HR ALIGN=LEFT WIDTH=100% SIZE=2 NOSHADE>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=6%></TD>
<TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          Of
the 2,500,000 shares registered hereunder, 2,000,000 shares were previously
          registered on Form S-8 filed with the Commission on June 2, 2003 as shares
          issuable under the 2003 Stock Incentive Plan for Non-Employees.  </FONT></P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=6%></TD>
<TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          The
offering price of the shares that may be acquired pursuant to the MasTec,           Inc.
Amended and Restated 2003 Stock Incentive Plan for Non-Employees is not
          presently determinable. The offering price for such shares is estimated
pursuant           to Rule 457(c) and (h) of the Securities Act of 1933, as amended,
solely for the           purpose of calculating the registration fee and is based upon
the average of the           high and low prices of MasTec&#146;s common stock
on January 14, 2004 as           quoted on the New York Stock Exchange. An undetermined number of
additional           shares may be issued, or the shares registered hereunder may be
combined into an           undetermined lesser number of shares, as a result of events
such as stock           splits, stock dividends or similar transactions pursuant to the
terms of the           MasTec, Inc. Amended and Restated 2003 Stock Incentive Plan for
Non-Employees.  </FONT></P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=6%></TD>
<TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          Pursuant
to General Instruction E of Form S-8, the registration fee is payable           only with
respect to additional securities registered under this Amendment No. 1           to Form
S-8, or 500,000 shares in the case of this Amendment No. 1. MasTec, Inc.
          previously paid a registration fee of $2,493.75 in connection with the original
          filing of this Registration Statement on June 2, 2003, of which $1,939.59
          related to 7,000,000 shares issuable under the MasTec, Inc. 2003 Employee Stock
          Incentive Plan and $554.16 related to 2,000,000 shares issuable under the
          MasTec, Inc. 2003 Stock Incentive Plan for Non-Employees.  </FONT></P></TD>
</TR>
</TABLE>
<BR>







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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Introductory Statement
Pursuant to General Instruction E of Form S-8 </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Post-Effective Amendment No. 1 on Form S-8 amends the Registration Statement on Form S-8
filed by MasTec, Inc. on June 2, 2003 (File No. 333-105781) (the &#147;June 2003
Registration Statement&#148;). </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
the June 2003 Registration Statement, MasTec, Inc. registered 2,000,000 shares (subject to
adjustment in the event of stock splits, stock dividends, combinations, recapitalizations,
reorganizations, or similar events) issuable under the 2003 Stock Incentive Plan for
Non-Employees (the &#147;Old Plan&#148;). </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
December 10, 2003, the shareholders of MasTec, Inc. amended and modified the Old Plan by
approving the adoption of the MasTec, Inc. Amended and Restated 2003 Stock Incentive Plan
for Non-Employees (the &#147;New Plan&#148;). </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
New Plan imposes a limit on the aggregate number of shares that may be issued pursuant to
options or restricted stock granted under the New Plan of 2,500,000 shares (subject to
adjustment in the event of stock splits, stock dividends, combinations, recapitalizations,
reorganizations, or similar events). </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MasTec,
Inc. is filing this Post-Effective Amendment No. 1 on Form S-8 to (1) identify 2,000,000
shares issuable under the New Plan as the shares formerly issuable under the Old Plan and
previously registered under the June 2003 Registration Statement, and (2) register an
additional 500,000 shares issuable under the New Plan. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
the New Plan amended and restated the Old Plan, shares that may be issued pursuant to
option grants under the Old Plan shall be included (1) in the aggregate limit of 2,500,000
shares registered hereunder and (2) as shares registered hereunder. </FONT></P>


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<A NAME=A006></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>PART I<BR>INFORMATION REQUIRED
IN THE SECTION 10(A) PROSPECTUS </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
documents containing the information specified in Part I of the instructions to the
Registration Statement on Form S-8 will be sent or given to participants in the New Plan
as required by Rule 428(b)(1) of the rules promulgated under the Securities Act. These
documents are not being filed with the Securities and Exchange Commission (the
&#147;Commission&#148;) as a part of this registration statement in accordance with Rule
428(b) and the Note to Part I of Form S-8. </FONT></P>


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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>PART II<BR>INFORMATION REQUIRED
IN THE REGISTRATION STATEMENT </FONT></H1>

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<A NAME=A009></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 3.&nbsp;&nbsp; Incorporation of Documents
by Reference. </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Commission allows MasTec to &#147;incorporate by reference&#148; the information MasTec
files with the Commission, which means that MasTec can disclose important information to
you by referring you to those documents. The information incorporated by reference is
considered part of this registration statement, and later information that MasTec files
with the Commission will automatically update and supersede this information. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MasTec
incorporates by reference the documents listed below and any future filings made with the
Commission under Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of
1934, as amended, until MasTec files a post-effective amendment that indicates all
securities offered in this registration statement have been sold or that de-registers all
securities then remaining unsold. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MasTec
has filed the following documents with the Commission that are incorporated by reference
as of their respective dates: </FONT></P>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=6%></TD>
<TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          MasTec&#146;s
Annual Report on Form 10-K for the fiscal year ended December 31, 2002;  </FONT></P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=6%></TD>
<TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          MasTec&#146;s
Quarterly Reports on Form 10-Q for the fiscal quarters ended March 31, 2003,
June 30, 2003 and September 30, 2003; and  </FONT></P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=6%></TD>
<TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          The
description of MasTec&#146;s common stock as contained in MasTec&#146;s
          Registration Statement on Form S-3 (Registration No. 333-11013) as filed with
          the Commission on August 29, 1996, including all amendments or reports filed
for           the purpose of updating such description.  </FONT></P></TD>
</TR>
</TABLE>
<BR>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 5.&nbsp;&nbsp; Interests of
Named Experts and Counsel. </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
validity of the issuance of the shares of Common Stock registered hereby will be passed
upon for the Company by Duane Morris LLP, Boston, Massachusetts. </FONT></P>

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<A NAME=A011></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 6.&nbsp;&nbsp; Indemnification
of Directors and Officers. </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
607.0831 of the Florida Business Corporation Act (the &#147;Florida Act&#148;) provides
that a director is not personally liable for monetary damages to the corporation or any
person for any statement, vote, decision or failure to act regarding corporate management
or policy, by a director, unless: (a) the director breached or failed to perform his
duties as a director; and (b) the director&#146;s breach of, or failure to perform, those
duties constitutes: (i) a violation of criminal law unless the director had reasonable
cause to believe his conduct was lawful or had no reasonable cause to believe his conduct
was unlawful; (ii) a transaction from which the director derived an improper personal
benefit, either directly or indirectly; (iii) a circumstance under which the director is
personally liable for an unlawful distribution to shareholders (pursuant to Section
607.0834, a director is liable for unlawful distributions if the director votes for or
assents to distributions made to shareholders in violation of Section 607.06401 of the
Florida Act if it is established that the director did not comply with the standards in
Section 607.0830); (iv) in a proceeding by, or in the right of the corporation to procure
a judgment in its favor or by or in the right of a shareholder, conscious disregard for
the best interests of the corporation, or willful misconduct; or (v) in a proceeding by or
in the right of someone other than the corporation or a shareholder, recklessness or an
act or omission which was committed in bad faith or with malicious purpose or in a manner
exhibiting wanton and willful disregard of human rights, safety or property. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
607.0850 of the Florida Act provides that a corporation shall have the power to indemnify
any person who was or is a party to any proceeding (other than an action by, or in the
right of, the corporation), by reason of the fact that he is or was a director, officer or
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 liability incurred in connection with
such proceeding if he acted in good faith and in a manner he 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 his conduct was unlawful. Section
607.0850 also provides that a corporation shall have the power to indemnify any person,
who was or is a party to any proceeding by, or in the right of, the corporation to procure
a judgment in its favor by reason of the fact that he 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 and amounts paid in settlement
not exceeding, in the judgment of the board of directors, the estimated expense of
litigating the proceeding to conclusion, actually and reasonably incurred in connection
with the defense or settlement of such proceeding, including any appeal thereof. Section
607.0850 further provides that such indemnification shall be authorized if such person
acted in good faith and in a manner he reasonably believed to be in, or not opposed to,
the best interests of the corporation, except that no indemnification shall be made under
this provision in respect of any claim, issue, or matter as to which such person shall
have been adjudged to be liable unless, and only to the extent that, the court in which
such proceeding was brought, or any other court of competent jurisdiction, shall determine
upon application that, despite the adjudication of liability, but in view of all
circumstances of the case, such person is fairly and reasonably entitled to indemnity for
such expenses which such court shall deem proper. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
607.0850 further provides that to the extent that a director, officer, employee or agent
has been successful on the merits or otherwise in defense of any of the foregoing
proceedings, or in defense of any claim, issue or matter therein, he shall be indemnified
against expenses actually and reasonably incurred by him in connection therewith. Under
Section 607.0850, any indemnification under the foregoing provisions, unless pursuant to a
determination by a court, shall be made by the corporation only as authorized in the
specific case upon a determination that the indemnification of the director, officer,
employee or agent is proper under the circumstances because he has met the applicable
standard of conduct. Section 607.0850(4)(a)-(d) allows for such indemnification to be made
by a majority vote of a quorum of disinterested directors or a committee duly delegated by
the board of directors, by independent legal counsel, or by a majority vote or a quorum of
shareholders not a party to the transaction. Notwithstanding the failure of a corporation
to provide such indemnification, and despite any contrary determination by the corporation
in a specific case, a director, officer, employee or agent of the corporation who is or
was a party to a proceeding may apply for indemnification to the appropriate court and
such court may order indemnification if it determines that such person is entitled to
indemnification under the applicable standard. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
607.0850 also provides that a corporation shall have the power to purchase and maintain
insurance on behalf of any person who is or was a director, officer, employee or agent of
the corporation against any liability asserted against him and incurred by him in any such
capacity or arising out of his status as such, whether or not the corporation would have
the power to indemnify him against such liability under the provisions of Section
607.0850. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MasTec&#146;s
Amended and Restated Articles of Incorporation provide that MasTec will indemnify any
director, or any former director, to the fullest extent permitted by law. MasTec&#146;s
bylaws provide that a director or officer may be paid expenses incurred in defending any
proceeding in advance of its final disposition upon receipt by MasTec of an undertaking,
by or on behalf of the director or officer, to repay all amounts so advanced if it is
ultimately determined that such director or officer is not entitled to indemnification. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MasTec
has obtained insurance policies insuring the directors and officers of MasTec and its
subsidiaries against certain liabilities they may incur in their capacity as directors and
officers. Under such policies, the insurer, on behalf of MasTec, may also pay amounts for
which MasTec has granted indemnification to directors and officers. </FONT></P>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 8.&nbsp;&nbsp; Exhibits. </FONT></H1>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=600>
<TR VALIGN=Bottom>
     <TD WIDTH="6%" ALIGN="Left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.1</FONT></TD>
        <TD WIDTH=1% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=92% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>MasTec, Inc. Amended and Restated 2003 Stock Incentive Plan for Non-Employees</FONT></TD>
     <TD WIDTH=1% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>

<TR VALIGN=Bottom>
     <TD ALIGN="Left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5.1</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Opinion of Duane Morris LLP</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="Left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>23.1</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent of Duane Morris LLP (included in its opinion filed as Exhibit 5.1)</FONT></TD></TR>

<TR VALIGN=Bottom>
     <TD ALIGN="Left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>23.2</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent of Ernst &amp; Young LLP </FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="Left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>23.3</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent of PricewaterhouseCoopers LLP</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="Left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>24.1</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Power of Attorney (see signature page to this Registration Statement)</FONT></TD></TR>
</TABLE>


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<A NAME=A016></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 9.&nbsp;&nbsp; Undertakings. </FONT></H1>

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<A NAME=A017></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rule 415 Offering. </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
undersigned registrant hereby undertakes: </FONT></P>

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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
                    <TR VALIGN=TOP>
                    <TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
                    <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(1) </FONT></TD>
                    <TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                    To file, during any period in which offers or sales are being made, a
                    post-effective amendment to this registration statement: </FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=20%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(i) </FONT></TD>
<TD WIDTH=75%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933; </FONT> </TD>
</TR>
</TABLE>
<BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
               <TR VALIGN=TOP>
               <TD WIDTH=20%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(ii) </FONT></TD>
               <TD WIDTH=75%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               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. Notwithstanding the
               foregoing, any increase or decrease in volume of securities offered (if the
               total dollar value of securities offered would not exceed that which was
               registered) and any deviation from the low or high end of the estimated maximum
               offering range may be reflected in the form of prospectus filed with the
               Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume
               and price represent no more than a 20 percent change in the maximum aggregate
               offering price set forth in the &#147;Calculation of Registration Fee&#148;
               table in the effective registration statement; </FONT></TD>
               </TR>
               </TABLE>
               <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
               <TR VALIGN=TOP>
               <TD WIDTH=20%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(iii) </FONT></TD>
               <TD WIDTH=75%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               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. </FONT></TD>
               </TR>
               </TABLE>
               <BR>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>Provided, however</I>, because
this registration statement is on Form S-8, paragraphs (a)(1)(i) and (a)(1)(ii) do not
apply if 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 15(d) of the Exchange Act that are incorporated
by reference in this registration statement. </FONT></P>

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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
                    <TR VALIGN=TOP>
                    <TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
                    <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(2) </FONT></TD>
                    <TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=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. </FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>

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               <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
                    <TR VALIGN=TOP>
                    <TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
                    <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(3) </FONT></TD>
                    <TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                    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. </FONT></TD>
                    </TR>
                    </TABLE>
                    <BR>

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<A NAME=A018></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Subsequent Documents Incorporated by Reference. </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
undersigned registrant hereby undertakes that, for purposes of determining any liability
under the Securities Act of 1933, each filing of the registrant&#146;s annual report
pursuant to Section&nbsp;13(a) or Section&nbsp;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. </FONT></P>

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<A NAME=A019></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Indemnification of Officers, Directors and Controlling Persons. </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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
provisions described under Item 6 above, 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 Securities Act of 1933 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 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 Securities Act and will be governed by the final
adjudication of such issue. </FONT></P>


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<A NAME=A020></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURES </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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&nbsp;S-8 and has duly caused this Registration Statement to be signed on its behalf
by the undersigned, thereunto duly authorized, in Coral Gables, Florida on January 20, 2004. </FONT></P>


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<TABLE WIDTH=100% CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=40%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>MASTEC, INC.<BR>(Registrant)<BR>
<BR><BR><BR><BR>BY: /s/ Donald P. Weinstein<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
Donald P. Weinstein<BR>Executive Vice President - Chief Financial Officer</FONT></TD>
</TR>
</TABLE>
<BR>
<BR>
<BR>




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<A NAME=A023></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>POWER OF ATTORNEY </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW
ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and
appoints Donald P. Weinstein and Ivette Ruiz, and each of them, as his true and lawful
attorneys-in-fact, each acting alone, with full power of substitution and resubstitution,
for him and in his name, place and stead, in any and all capacities, to sign any and all
amendments (including any post-effective amendments) to this Registration Statement on
Form S-8, and to file the same, with all exhibits thereto and any other documents in
connection therewith, with the Securities and Exchange Commission, granting unto said
attorneys-in-fact and agents, and each of them, full power and authority to do and perform
each and every act and thing requisite and necessary to be done, as fully to all intents
and purposes as he might or could do in person, hereby ratifying and confirming all that
said attorneys-in-fact and agents (or any of them), or their or his substitute or
substitutes, may lawfully do or cause to be done by virtue thereof. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, this registration statement has been
signed by the following persons in the capacities indicated as of January 20, 2004. </FONT></P>
<BR>
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<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>/s/ </FONT></TD>
<TD WIDTH=37% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Jorge Mas
<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>Jorge Mas</FONT></TD>
<TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Chairman of the Board</FONT></TD>
<TD WIDTH=25% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<BR>
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<TR VALIGN=TOP>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>/s/ </FONT></TD>
<TD WIDTH=37% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Austin J. Shanfelter
<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>Austin J. Shanfelter</FONT></TD>
<TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>President and Chief Executive Officer<BR>(Principal Executive Officer)</FONT></TD>
<TD WIDTH=25% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<BR>
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<TR VALIGN=TOP>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=37% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>Jose Mas</FONT></TD>
<TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD>
<TD WIDTH=25% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<BR>
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<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>/s/ </FONT></TD>
<TD WIDTH=37% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Arthur B. Laffer
<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>Arthur B. Laffer</FONT></TD>
<TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD>
<TD WIDTH=25% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<BR>
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<TR VALIGN=TOP>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>/s/ </FONT></TD>
<TD WIDTH=37% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>John Van Heuvelen
<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>John Van Heuvelen</FONT></TD>
<TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD>
<TD WIDTH=25% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<BR>
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<TR VALIGN=TOP>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>/s/ </FONT></TD>
<TD WIDTH=37% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Sherrill Hudson
<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>Sherrill Hudson</FONT></TD>
<TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD>
<TD WIDTH=25% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>/s/ </FONT></TD>
<TD WIDTH=37% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Julia L. Johnson
<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>Julia L. Johnson</FONT></TD>
<TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD>
<TD WIDTH=25% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<BR>
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<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>/s/ </FONT></TD>
<TD WIDTH=37% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Joseph P. Kennedy II
<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>Joseph P. Kennedy II</FONT></TD>
<TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD>
<TD WIDTH=25% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<BR>
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<TR VALIGN=TOP>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>/s/ </FONT></TD>
<TD WIDTH=37% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>William N. Shiebler
<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>William N. Shiebler</FONT></TD>
<TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD>
<TD WIDTH=25% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<BR>
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<TR VALIGN=TOP>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>/s/ </FONT></TD>
<TD WIDTH=37% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Jose S. Sorzano
<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>Jose S. Sorzano</FONT></TD>
<TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD>
<TD WIDTH=25% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>



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<A NAME=A024></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXHIBIT INDEX </FONT></H1>


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<TR VALIGN=Bottom>
     <TD WIDTH="4%" ALIGN="Left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.1</FONT></TD>
        <TD WIDTH=3% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=91% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>MasTec, Inc. Amended and Restated 2003 Stock Incentive Plan for Non-Employees</FONT></TD>
     <TD WIDTH=2% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="Left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5.1</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Opinion of Duane Morris LLP</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="Left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>23.1</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent of Duane Morris LLP (included in its opinion filed as Exhibit 5.1)</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="Left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>23.2</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent of Ernst &amp; Young LLP</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="Left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>23.3</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent of PricewaterhouseCoopers LLP</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="Left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>24.1</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Power of Attorney (see signature page to this Registration Statement)</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
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<DOCUMENT>
<TYPE>EX-4
<SEQUENCE>3
<FILENAME>exh4-1.htm
<DESCRIPTION>EXH4-1 AMENDED AND RESTATED STOCK INCENT. PLAN
<TEXT>
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     <!-- Firm Name:      MasTec, Inc.                                                     -->
     <TITLE>Exhibit 4-1 Amended and Restated 2003 Stock Incent. Plan </TITLE>
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<BODY>


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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Exhibit 4.1</B> </FONT></P>
<BR>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>MASTEC, INC </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2003 STOCK INCENTIVE
PLAN FOR NON-EMPLOYEES </FONT></H1>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>As amended and
restated, effective as of October 16, 2003  </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>SECTION 1 &#150; PURPOSE</B> </FONT></P>

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<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH="97%"><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;1.1 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Purpose</U>.
The purpose of this Plan is to further the growth and development of the Company by
encouraging Directors who are not employees and Advisors to the Company to obtain a
proprietary interest in the Company by owning its stock. The Company intends that the
Plan will provide such persons with an added incentive to continue to serve as Directors
and Advisors and will stimulate their efforts in promoting the growth, efficiency and
profitability of the Company. The Company also intends that the Plan will afford the
Company a means of attracting persons of outstanding quality to service on the Board and
on the boards of directors of Related Companies.  </FONT></P></TD>
</TR>
</TABLE>
<BR>

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<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;1.2 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Awards
Available Under the Plan</U>. The Plan permits grants of nonqualified stock options (&#147;NQSOs&#148;)
and Restricted Stock. NQSOs are options that do not qualify as &#147;incentive stock
options&#148; under Code Section 422 and are subject to taxation under Code &sect; 83.  </FONT></P></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;1.3 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Effective
Date and Term of the Plan</U>. The Board of Directors of the Company originally adopted
the Plan on April 21, 2003, to become effective as of May 30, 2003 (the &#147;Original
Effective Date&#148;). The Board of Directors adopted this amendment and restatement of
the Plan on October 16, 2003 (the &#147;Effective Date&#148;), contingent upon the
approval of the shareholders of the Company at the December 10, 2003 special shareholders
meeting. Unless earlier terminated by the Company, the Plan shall remain in effect until
the tenth anniversary of the Original Effective Date or May 30, 2013. Notwithstanding its
termination, the Plan shall remain in effect with respect to Options as long as any
Options are outstanding.  </FONT></P></TD>
</TR>
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<BR>

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<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;1.4 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Operation,
Administration and Definitions</U>. The operation and administration of the Plan are
subject to the provisions of this plan document. Capitalized terms used in the Plan are
defined in Section 2 below or may be defined within the Plan.  </FONT></P></TD>
</TR>
</TABLE>
<BR>

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<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;1.5 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Legal
Compliance</U>. The Plan is intended to comply with the requirements for exemption of
stock options under the provisions of Rule 16b-3 under the 1934 Act.  </FONT></P></TD>
</TR>
</TABLE>
<BR>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>SECTION 2 &#150;
DEFINITIONS</B> </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following words and phrases as used in this Plan shall have the meanings set forth in this
Section unless a different meaning is clearly required by the context: </FONT></P>

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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.1 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1933
Act shall mean the Securities Act of 1933, as amended. </FONT></P></TD>
</TR>
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<BR>

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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.2 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1934
Act shall mean the Securities Exchange Act of 1934, as amended. </FONT></P></TD>
</TR>
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<BR>

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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.3 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Advisor</U> shall
mean any individual who serves as an advisor or consultant to the Company or a Related
Company under a relationship other than that of a common law employee of the Company or a
Related Company (including but not limited to independent contractors.)  </FONT></P></TD>
</TR>
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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.4 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Agreement</U> means
an Option Agreement or a Restricted Stock Agreement, as those terms have been defined
under this Plan.  </FONT></P></TD>
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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.5 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Beneficiary</U>
shall mean, with respect to a Participant: </FONT></P></TD>
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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Designation
of Beneficiary</U>. A Participant&#146;s Beneficiary shall be the           individual
who is last designated in writing by the Participant as such           Participant&#146;s
Beneficiary under an Option Agreement or Restricted Stock           Agreement. A
Participant shall designate his or her Beneficiary in writing on           his or her
Option Agreement or Restricted Stock Agreement. Any subsequent           modification of
the Participant&#146;s Beneficiary shall be in a written           executed letter
addressed to the Company and shall be effective when it is           received and
accepted by the Committee, determined in the Committee&#146;s sole           discretion.  </FONT>
</TD>
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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Designation
of Multiple Beneficiaries</U>. A Participant may not designate           more than one
individual as a Beneficiary. To the extent that a designation           purports to
designate more than one individual as a Beneficiary, the designation           shall be
null and void.  </FONT>
</TD>
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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Designated Beneficiary</U>. If, at any time, no Beneficiary has been           validly
designated by a Participant, or the Beneficiary designated by the           Participant
is no longer living at the time of the Participant&#146;s death,           then the
Participant&#146;s Beneficiary shall be deemed to be the           Participant&#146;s
estate, and only the executor or administrator (or a trustee           designated by the
executor) of the estate shall be permitted to exercise the           Option or receive
the award of Restricted Stock.  </FONT>
</TD>
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<BR>

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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.6 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Board</U>
shall mean the Board of Directors of Mastec, Inc. </FONT></P></TD>
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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.7 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Change of Control</U> shall mean the date of: </FONT></P></TD>
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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Acquisition
By Person of Substantial Percentage</U>. The acquisition by a           Person (including
&#147;affiliates&#148; and &#147;associates&#148; of such           Person, but excluding
the Company, any &#147;parent&#148; or           &#147;subsidiary&#148; of the Company,
or any employee benefit plan of the           Company or of any &#147;parent&#148; or
&#147;subsidiary&#148; of the Company)           of a sufficient number of shares of the
Common Stock, or securities convertible           into the Common Stock, and whether
through direct acquisition of shares or by           merger, consolidation, share
exchange, reclassification of securities or           recapitalization of or involving
the Company or any &#147;parent&#148; or           &#147;subsidiary&#148; of the Company,
to constitute the Person the actual or           beneficial owner of 51% or more of the
Common Stock, but only if such           acquisition occurs without approval or
ratification by a majority of the members           of the Board;  </FONT>
</TD>
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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Disposition
of Assets</U>. Any sale, lease, transfer, exchange, mortgage,           pledge or other
disposition, in one transaction or a series of transactions, of           all or
substantially all of the assets of the Company or of any           &#147;subsidiary&#148; of
the Company to a Person described in subsection (a)           above, but only if such
transaction occurs without approval or ratification by a           majority of the
members of the Board; or  </FONT>
</TD>
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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Substantial
Change of Board Members</U>. During any fiscal year of the           Company, individuals
who at the beginning of such year constitute the Board           cease for any reason to
constitute at least a majority thereof, unless the           election of each director
who was not a director at the beginning of such period           has been approved in
advance by a majority of the directors in office at the           beginning of the fiscal
year.  </FONT>
</TD>
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
purposes of this Section, the terms &#147;affiliate,&#148; &#147;associate,&#148;
&#147;parent&#148; and &#147;subsidiary&#148; shall have the respective meanings ascribed
to such terms in Rule 12b-2 under Section 12 of the 1934 Act. </FONT></P>

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<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.8 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Code</U> shall
mean the Internal Revenue Code of 1986, as amended. A reference to a section of the Code
shall include all regulations, rulings and other authority issued thereunder.  </FONT></P></TD>
</TR>
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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.9 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Committee</U> shall
mean the Compensation Committee as appointed by the Board from time to time. The
Committee shall be responsible for administering and interpreting the Plan in accordance
with Section 3 below.  </FONT></P></TD>
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<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.10 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Common Stock</U> shall mean the par value $0.10 common stock of the Company. </FONT></P></TD>
</TR>
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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.11 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Company</U>
shall mean Mastec, Inc. and its subsidiaries or any Related Company. </FONT></P></TD>
</TR>
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<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.12 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Director</U> shall
mean an individual who (i) is serving as a member of the Board and (ii) is not and never
has been either an officer or common law employee of the Company or a Related Company.
For purposes of the Plan, a &#147;common law employee&#148; is an individual whose wages
are subject to withholding of federal income taxes under Code Section 3401, and an &#147;officer&#148; is
an individual elected or appointed by the Board or chosen in such other manner as may be
prescribed in the bylaws of the Company to serve as such.  </FONT></P></TD>
</TR>
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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.13 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Effective Date</U> shall mean October 16, 2003, subject to shareholder approval. </FONT></P></TD>
</TR>
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<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.14 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Exercise Price</U> shall mean the purchase price of the shares of Common Stock underlying an Option. </FONT></P></TD>
</TR>
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<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.15 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Fair Market Value</U> of the Common Stock as of a date of determination shall mean the following: </FONT></P></TD>
</TR>
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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Stock
Listed and Shares Traded</U>. If the Common Stock is listed and traded           on a
national securities exchange (as such term is defined by the 1934 Act) or           on
the NASDAQ National Market System on the date of determination, the Fair           Market
Value per share shall be the last sale price of a share of the Common           Stock on
the applicable national securities exchange or National Market System           on the
date of determination at the close of trading on such date. If the Common           Stock
is traded in the over-the-counter market, the Fair Market Value per share           shall
be the average of the closing bid and asked prices on the date of
          determination.  </FONT>
</TD>
</TR>
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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Stock
Listed But No Shares Traded</U>. If the Common Stock is listed on a           national
securities exchange or on the National Market System but no shares of           the
Common Stock are traded on the date of determination but there were shares
          traded on dates within a reasonable period before the date of determination,
the           Fair Market Value shall be the last sale price of the Common Stock on the
most           recent trade date before the date of determination at the close of trading
on           such date. If the Common Stock is regularly traded in the over-the-counter
          market but no shares of the Common Stock are traded on the date of
determination           (or if records of such trades are unavailable or burdensome to
obtain) but there           were shares traded on dates within a reasonable period before
the date of           determination, the Fair Market Value shall be the average of the
closing bid and           asked prices of the Common Stock on the most recent date before
the date of           determination.  </FONT>
</TD>
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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Stock
Not Listed</U>. If the Common Stock is not listed on a national           securities
exchange or on the National Market System and is not regularly traded           in the
over-the-counter market, then the Committee shall determine the Fair           Market
Value of the Common Stock from all relevant available facts, which may           include
the average of the closing bid and ask prices reflected in the           over-the-counter
market on a date within a reasonable period either before or           after the date of
determination or opinions of independent experts as to value           and may take into
account any recent sales and purchases of such Common Stock to           the extent they
are representative.  </FONT>
</TD>
</TR>
</TABLE>
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Committee&#146;s determination of Fair Market Value, which shall be made pursuant to the
foregoing provisions, shall be final and binding for all purposes of this Plan. </FONT></P>

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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.16 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>NQSO</U> shall
mean a nonqualified stock option to purchase shares of the Common Stock, which is an
option to which Code &sect; 422 (relating to certain incentive stock options) does not
apply.  </FONT></P></TD>
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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.17 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Option</U>
shall mean a NQSO granted to a Participant pursuant to the terms and provisions of this
Plan.   </FONT></P></TD>
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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.18 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Option
Agreement </U>shall mean a written agreement, executed and dated by the Company and an
Optionee, evidencing an Option granted under the terms and provisions of this Plan,
setting forth the terms and conditions of such Option, and specifying the name of the
Optionee, the number of shares of stock subject to such Option and other terms and
conditions of the Option.  </FONT></P></TD>
</TR>
</TABLE>
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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.19 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Optionee</U> shall
mean any nonemployee Director or Advisor who is granted an Option pursuant to the terms
and provisions of this Plan.  </FONT></P></TD>
</TR>
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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
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<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.20 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Original Effective Date</U> shall mean May 30, 2003. </FONT></P></TD>
</TR>
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<A NAME=A007></A>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
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<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.21 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Participant</U> means an Optionee or Recipient. </FONT></P></TD>
</TR>
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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.22 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Person</U>
shall mean any individual, organization, corporation, partnership or other entity. </FONT></P></TD>
</TR>
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<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.23 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Plan</U>
shall mean this Mastec, Inc. 2003 Stock Incentive Plan For Non-Employees. </FONT></P></TD>
</TR>
</TABLE>
<BR>

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<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.24 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Recipient</U>
means a Director or Advisor who is awarded Restricted Stock. </FONT></P></TD>
</TR>
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<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.25 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Related
Company</U> means any member within the Company&#146;s controlled group of corporations,
as that term is defined in Code &sect; 1563(a), in addition to any partnerships, joint
ventures, limited liability companies, limited liability partnerships or other entities
in which the Company owns more than a 50 percent interest.  </FONT></P></TD>
</TR>
</TABLE>
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<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.26 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Restricted
Stock</U> means an award of Common Stock subject to restrictions as provided in Section 7
of the Plan, subject to such conditions, restrictions and contingencies as the Committee
determines, including the satisfaction of specified performance measures and/or
forfeiture provisions.  </FONT></P></TD>
</TR>
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<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.27 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Restricted
Stock Agreement</U> means a written agreement signed and dated by the Committee (or its
designee) and a Recipient that specifies the terms and conditions of a grant of
Restricted Stock.  </FONT></P></TD>
</TR>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>SECTION 3 &#150;
ADMINISTRATION</B> </FONT></P>

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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;3.1 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>General
Administration</U>. The Plan shall be administered and interpreted by the Committee (as
designated pursuant to Section 3.2). Subject to the express provisions of the Plan, the
Committee shall have authority to interpret the Plan, to prescribe, amend and rescind
rules and regulations relating to the Plan, to determine the terms and provisions of the
Option Agreements by which Options shall be evidenced and the Restricted Stock Agreements
(neither of which shall be inconsistent with the terms of the Plan), and to make all
other determinations necessary or advisable for the administration of the Plan, all of
which determinations shall be final, binding and conclusive.  </FONT></P></TD>
</TR>
</TABLE>
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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;3.2 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Appointment</U>.
The Board shall appoint the Committee from among its members to serve at the pleasure of
the Board. The Board from time to time may remove members from, or add members to, the
Committee and shall fill all vacancies thereon. The Committee at all times shall be
composed of two or more non-employee directors who shall meet the following requirements.
During the period any director is serving on the Committee, he shall not (i) be an
officer of the Company or a parent or subsidiary of the Company, or otherwise currently
employed by the Company or a parent or subsidiary of the Company; (ii) receive
compensation, either directly or indirectly, from the Company or a parent or subsidiary
of the Company for services rendered as a consultant or in any capacity other than as a
director, except for an amount that does not exceed the dollar amount for which
disclosure would be required pursuant to Rule 404(a) of the 1934 Act; (iii) possess an
interest in any other transaction for which disclosure would be required pursuant to Rule
404(a); and (iv) be engaged in a business relationship for which disclosure would be
required pursuant to Rule 404(b). The requirements of this subsection are intended to
comply with Rule 16b-3 under Section 16 of the 1934 Act or any successor rule or
regulation, and shall be interpreted and construed in a manner which assures compliance
with said Rule. To the extent said Rule 16b-3 is modified to reduce or increase the
restrictions on who may serve on the Committee, the Plan shall be deemed modified in a
similar manner.  </FONT></P></TD>
</TR>
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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;3.3 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Organization</U>.
The Committee shall hold its meetings at such times and at such places as it shall deem
advisable. A majority of the Committee shall constitute a quorum, and such majority shall
determine its actions. The Committee shall keep minutes of its proceedings and shall
report the same to the Board at the meeting next succeeding.  </FONT></P></TD>
</TR>
</TABLE>
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<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;3.4 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Powers
of Committee</U>. Except for the formula grant provisions of Section 5.2 of the Plan, the
Committee shall decide to whom and when (i) to grant an Option and the number of shares
of Common Stock covered by the Option; or (ii) to award shares of Restricted Stock and
the numbers of shares to be so awarded. The Committee may, with the consent of the
Participant entitled to exercise any outstanding Option or the holder of any shares of
Restricted Stock, amend an Option or an award of Restricted Stock in any manner
consistent with the provisions of this Plan that it may deem advisable, including
accelerating the vesting schedule upon a Participant&#146;s termination of services,
whether as a Director or Advisor, to the Company. In making decisions, the Committee may
take into account the nature of services rendered by the individual, the individual&#146;s
present and potential contribution to the Company&#146;s success and such other factors
as the Committee, in its sole discretion, deems relevant.  </FONT></P></TD>
</TR>
</TABLE>
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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          The
Committee shall interpret the Plan, establish and rescind any rules and
          regulations relating to the Plan, decide the terms and provisions of any Option
          Agreements or Restricted Stock Agreements made under the Plan, and determine
how           to administer the Plan. The Committee also shall decide administrative
methods           for the exercise of Options and the awards of Restricted Stock. Each
Committee           decision shall be final, conclusive and binding on all parties.  </FONT>
</TD>
</TR>
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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          The
Committee shall act by a majority of its then members, at a meeting of the
          Committee or by unanimous written consent. The Committee shall keep adequate
          records concerning the Plan and the Committee&#146;s proceedings and acts in
          such form and detail as the Committee may decide.  </FONT>
</TD>
</TR>
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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;3.5 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Indemnification</U>.
In addition to such other rights of indemnification as they have as directors or as
members of the Committee, the members of the Committee (and any designees of the
Committee as permitted under this Section 3), to the extent permitted by applicable law,
shall be indemnified by the Company against reasonable expenses (including, without
limitation, attorneys&#146; fees) actually and necessarily incurred in connection with
the defense of any action, suit or proceeding, or in connection with any appeal, to which
they or any of them may be a party by reason of any action taken or failure to act under
or in connection with the Plan or any Options granted hereunder, and against all amounts
paid by them in settlement thereof (provided such settlement is approved to the extent
required by and in the manner provided by the articles or certificate of incorporation or
the bylaws of the Company relating to indemnification of directors) or paid by them in
satisfaction of a judgment in any such action, suit or proceeding, except in relation to
matters as to which it shall be adjudged in such action, suit or proceeding that such
Committee member or members did not act in good faith and in a manner he or they
reasonably believed to be in or not opposed to the best interest of the Company.  </FONT></P></TD>
</TR>
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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>SECTION 4 &#150;
SHARES SUBJECT TO PLAN</B> </FONT></H1>

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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;4.1 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Stock
Subject to Plan.</U> The Common Stock subject to Options, awards of Restricted Stock and
other provisions of the Plan shall consist of the following:  </FONT></P></TD>
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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;authorized
but unissued shares of Common Stock;  </FONT>
</TD>
</TR>
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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          shares
of Common Stock held by the Company in its treasury which have been           reacquired;  </FONT>
</TD>
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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          shares
of Common Stock purchased by the Company in the open market; or  </FONT>
</TD>
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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          shares
of Common Stock allocable to the unexercised portion of any expired or
          terminated Option granted under the Plan again may become available for grants
          of Options under the Plan.  </FONT>
</TD>
</TR>
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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;4.2 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Number
of Shares Available under the Plan.</U> Subject to readjustment in accordance with the provisions of Section 8, the total number of shares of Common Stock for which Options or
Restricted Stock awards may be granted under the Plan shall be 1,000,000 shares of Common Stock, plus an increase as of each December 31 (commencing on December 31, 2003) equal to
a number of shares equal to the difference between the number of shares subject to grants
made under the Plan during the 12-month period ending on such December 31, less any
shares subject to grants that again became available for issuance under the Plan due to
forfeiture, termination, surrender or other cancellation of the underlying grant without
such shares being issued. Notwithstanding the foregoing, in no event shall more than an
aggregate of 2,500,000 shares of Common Stock be authorized for issuance during the term
of the Plan (unless the Plan is amended in accordance with its terms and in compliance
with all applicable statutes, rules and regulations).  </FONT></P></TD>
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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>SECTION 5 &#150;
ELIGIBILITY TO RECEIVE AND GRANT OF OPTIONS</B> </FONT></H1>

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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;5.1 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Individuals
Eligible for Grants of Options</U>. The individuals eligible to receive Options hereunder
shall be solely those individuals who are Directors (as defined in Section 2.12 of the
Plan) or Advisors (as defined in Section 2.3 of the Plan). Such Directors and Advisors
shall receive Options hereunder in accordance with the provisions of Sections 5.2 and 5.3
below.  </FONT></P></TD>
</TR>
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<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;5.2 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Formula
Grants of Options</U>. Effective upon the Effective Date, Options shall be granted to
Directors (as defined in Section 2.12 of the Plan) in accordance with the following
formulas:  </FONT></P></TD>
</TR>
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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Option
Upon Initially Becoming a Director</U>. Upon initially becoming a           Director and
each reelection to serve a three-year term as a Director, the           Director shall be
granted an Option to purchase 20,000 shares of Common Stock as           of the first
business day of the month following appointment or election, with           such Option
subject to the provisions of Section 6 below. Options granted under           this
subsection shall be evidenced by an Option Agreement.  </FONT>
</TD>
</TR>
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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Service
Option Grants</U>. As each Director begins a service year in which           the Director
does not receive an Option grant pursuant to Section 5.2(a) above,           the Director
shall be granted an Option to purchase 7,500 shares of Common Stock           as of the
first business day of the month following the date of the annual           shareholders
meeting, with such Option subject to the provisions of Section 6           below. Options
granted under this subsection shall be evidenced by an Option           Agreement.  </FONT>
</TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Insufficient
Shares</U>. In the event that the number of shares available for           grants under
the Plan is insufficient to make all grants provided herein on the           applicable
date, then all those who become entitled to a grant on such date           shall share
ratably in the number of shares then available for grant under the           Plan.  </FONT>
</TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;5.3 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Discretionary
Grants of Options</U>. Subject to the provisions of the Plan, the Committee shall have
the authority and sole discretion to determine and designate, from time to time,
Directors (as defined in Section 2.12 of the Plan) and Advisors (as defined in Section
2.3 of the Plan) to whom Options will be granted, the Exercise Price of the shares
covered by any Options granted, and the manner in and conditions under which Options are
exercisable (including, without limitation, any limitations or restrictions thereon). In
making such determinations, the Committee may take into account the nature of the
services rendered by the respective individuals to whom Options may be granted, their
present and potential contributions to the Company&#146;s success and such other factors
as the Committee, in its sole discretion, shall deem relevant. In its authorization of
the granting of an Option hereunder, the Committee shall specify the name of the
Optionee, the number of shares of common stock subject to such Option, the exercise price
of the Option, the term of the Option and any restrictions, conditions, forfeitures or
cancellation provisions. The Committee may grant, at any time, new Options to an Optionee
who previously has received Options, whether such Options include prior Options that
still are outstanding, previously have been exercised in whole or in part, or have
expired. No individual shall have any claim or right to be granted Options under the
Plan.  </FONT></P></TD>
</TR>
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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>SECTION 6 &#150; TERMS
AND CONDITIONS OF OPTIONS</B> </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless
otherwise provided by the Committee, Options granted hereunder and Option Agreements shall
comply with and be subject to the following terms and conditions: </FONT></P>

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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;6.1 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Requirement
of Option Agreement</U>. Upon the grant of an Option hereunder, the Committee shall
prepare (or cause to be prepared) an Option Agreement. The Committee shall present such
Option Agreement to the Optionee. Upon execution of such Option Agreement by the
Optionee, such Option shall be deemed to have been granted effective as of the date of
grant. The failure of the Optionee to execute the Option Agreement within 30 days after
the date of the receipt of same shall render the Option Agreement and the underlying
Option null and void ab initio.  </FONT></P></TD>
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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;6.2 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Optionee
and Number of Shares</U>. Each Option Agreement shall state the name of the Optionee and
the total number of shares of the Common Stock to which it pertains, the Exercise Price,
the Beneficiary of the Optionee, and the date as of which the Option was granted under
this Plan, and any expiration date of the Option.  </FONT></P></TD>
</TR>
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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;6.3 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Exercise
Price</U>. The Exercise Price of the shares of Common Stock underlying each Option shall
not be less than the Fair Market Value of the Common Stock on the date the Option is
granted. Upon execution of an Option Agreement by both the Company and Optionee, the date
as of which the Option was granted under this Plan as noted in the Option Agreement shall
be considered the date on which such Option is granted.  </FONT></P></TD>
</TR>
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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;6.4 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Exercisability of Options.</U></FONT></P></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Formula
Grants</U>. Each Option granted under Section 5.2 shall first become
          exercisable with respect to such portions of the shares subject to such Option
          as are specified in the schedule set forth herein below:  </FONT>
</TD>
</TR>
</TABLE>
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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          Commencing
as of the first anniversary of the date the Option is granted, the           Optionee
shall have the right to exercise the Option with respect to, and to           thereby
purchase, 33 percent (rounded down to the nearest whole number) of the           shares
subject to such Option. Prior to said date, the Option shall be           unexercisable
in its entirety.  </FONT>
</TD>
</TR>
</TABLE>
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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          Commencing
as of the second anniversary of the date the Option is granted, the           Optionee
shall have the right to exercise the Option with respect to, and to           thereby
purchase, an additional 33 percent (rounded down to the nearest whole           number)
of the shares subject to the Option.  </FONT>
</TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          Commencing
as of the third anniversary of the date the Option is granted, the           Optionee
shall have the right to exercise the Option with respect to, and to           thereby
purchase, the remainder of the shares subject to the Option.  </FONT>
</TD>
</TR>
</TABLE>
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<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          Notwithstanding
the above, any Options previously granted to an Optionee shall           become
immediately exercisable for 100% of the number of shares subject to the           Options
upon a Change of Control.  </FONT>
</TD>
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<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Discretionary
Grants</U>. Unless the Committee specifies otherwise in the           Option Agreement,
each Option granted under Section 5.3 shall first become           exercisable with
respect to such portions of the shares subject to such Option           as are specified
in the schedule set forth herein below:  </FONT>
</TD>
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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          Commencing
as of the first anniversary of the date the Option is granted, the           Optionee
shall have the right to exercise the Option with respect to, and to           thereby
purchase, 33 percent (rounded down to the nearest whole number) of the           shares
subject to such Option. Prior to said date, the Option shall be           unexercisable
in its entirety.  </FONT>
</TD>
</TR>
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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          Commencing
as of the second anniversary of the date the Option is granted, the           Optionee
shall have the right to exercise the Option with respect to, and to           thereby
purchase, an additional 33 percent (rounded down to the nearest whole           number)
of the shares subject to the Option.  </FONT>
</TD>
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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          Commencing
as of the third anniversary of the date the Option is granted, the           Optionee
shall have the right to exercise the Option with respect to, and to           thereby
purchase, the remainder of the shares subject to the Option.  </FONT>
</TD>
</TR>
</TABLE>
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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          Notwithstanding
the above, any Options previously granted to an Optionee shall           become
immediately exercisable for 100% of the number of shares subject to the           Options
upon a Change of Control.  </FONT>
</TD>
</TR>
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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;6.5 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Expiration Date</U>.  The Expiration Date of any Option shall be the earliest to occur of the following:  </FONT></P></TD>
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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Maximum
Term</U>. The date ten (10) years from the date of grant of the           Option;  </FONT>
</TD>
</TR>
</TABLE>
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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Death</U>.
Unless the Committee specifies otherwise in the Option Agreement,           the one-year
anniversary of the Optionee&#146;s termination of service with the           Company and
all Related Companies due to death; or  </FONT>
</TD>
</TR>
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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
of Service as Director or Advisor</U>. Unless the Committee           specifies otherwise
in the Option Agreement, the one-year anniversary of the           Optionee&#146;s
termination of service as a Director or Advisor of the Company           other than as
provided under Section 6.5(b) above.  </FONT>
</TD>
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<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;6.6 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Minimum
Exercise Amount</U>. The exercise of an Option may be for less than the full number of
shares of Common Stock subject to such Option, but such exercise shall not be made for
less than (i) 100 shares or (ii) the total remaining shares subject to the Option, if
such total is less than 100 shares. Subject to the other restrictions on exercise set
forth herein, the unexercised portion of an Option may be exercised at a later date by
the Optionee.  </FONT></P></TD>
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<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;6.7 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Payment
of Exercise Price</U>. The Optionee must pay the full Exercise Price for shares of Common
Stock purchased upon the exercise of any Option at the time of such exercise by one of
the following forms of payment:  </FONT></P></TD>
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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;cash;  </FONT>
</TD>
</TR>
</TABLE>
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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;by
surrendering unrestricted previously held shares of Common Stock that have a
          fair market value equal to the Exercise Price at the time of exercise. The
          Optionee must have held the surrendered shares of Common Stock for at least six
          (6) months before their surrender. The Optionee may surrender shares of Common
          Stock either by attestation or by the delivery of a certificate or certificates
          for shares duly endorsed for transfer to the Company, and if required by the
          Committee, with medallion level signature guarantee by a member firm of a
          national stock exchange, by a national or state bank (or guaranteed or
notarized           in such other manner as the Committee may require); or  </FONT>
</TD>
</TR>
</TABLE>
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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
combination of the above forms or any other form of payment permitted by the
          Committee.  </FONT>
</TD>
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<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;6.8 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Transferability</U>.
Unless the Committee specifies otherwise in the Option Agreement, an Optionee may
transfer Options only by the laws of descent and distribution. After the death of an
Optionee, only a named Beneficiary or the executor or administrator of the Optionee&#146;s
estate may exercise an outstanding Option. Notwithstanding the foregoing, with the
approval of the Committee and in its sole discretion, an Option Agreement may be amended
to permit the Optionee to transfer grants of options under this Plan to such Persons as
the Committee deems appropriate.  </FONT></P></TD>
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<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;6.9 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Rights
as a Shareholder</U>. An Optionee shall first have rights as a shareholder of the Company
with respect to shares of Common Stock covered by an Option only when the Optionee has
paid the Exercise Price in full and the shares actually have been issued to the Optionee.  </FONT></P></TD>
</TR>
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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SECTION 7 &#150;RESTRICTED
STOCK  </FONT></H1>

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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;7.1 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Restricted
Stock Agreement</U>. When the Committee awards Restricted Stock under the Plan, it shall
prepare (or cause to be prepared) a Restricted Stock Agreement that specifies the
following terms:  </FONT></P></TD>
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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the name of the Recipient; </FONT>
</TD>
</TR>
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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the total number of shares of Common Stock subject to the award of Restricted Stock;  </FONT>
</TD>
</TR>
</TABLE>
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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the manner in which the Restricted Stock will become nonforfeitable and
transferable and a description of any restrictions applicable to the Restricted Stock; and  </FONT>
</TD>
</TR>
</TABLE>
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<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the date as of which the Committee awarded the Restricted Stock. </FONT>
</TD>
</TR>
</TABLE>
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<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;7.2 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Maximum
Award Per Year</U>. There is no maximum number of shares that may be awarded as
Restricted Stock to any individual during any one calendar year.  </FONT></P></TD>
</TR>
</TABLE>
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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;7.3 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Vesting</U>.
Unless the Committee specifies in the Restricted Stock Agreement that any alternative
vesting schedule shall apply, that other vesting requirements shall apply or that no
vesting requirements shall apply, an award of Restricted Stock shall become vested and
nonforfeitable on the third anniversary of the date of grant and before the third
anniversary of the date of the award, no portion of the Restricted Stock shall be vested.  </FONT></P></TD>
</TR>
</TABLE>
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<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;7.4 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Other
Vesting Requirements</U>. The Committee may impose any other conditions, restrictions,
forfeitures and contingencies on awards of Restricted Stock. The Committee may designate
a single goal criterion or multiple goal criteria for these purposes.  </FONT></P></TD>
</TR>
</TABLE>
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<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;7.5 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Accelerated
Vesting</U>. The Committee shall always have the right to accelerate vesting of any
Restricted Stock awarded under this Plan.  </FONT></P></TD>
</TR>
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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon the occurrence of the following events, any outstanding Awards of
Restricted Stock that remain subject to vesting requirements shall immediately become vested pursuant to the provisions of subsection
(b) hereof, unless otherwise determined by the Committee and set forth in the applicable Restricted Stock Agreement:  </FONT>
</TD>
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<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i.&nbsp;&nbsp;&nbsp;&nbsp;the
recipient&#146;s death;  </FONT>
</TD>
</TR>
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<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii.&nbsp;&nbsp;&nbsp;&nbsp;the Recipient&#146;s Disability; or  </FONT>
</TD>
</TR>
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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii.&nbsp;&nbsp;&nbsp;&nbsp;          a
Change in Control of the Company.  </FONT>
</TD>
</TR>
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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If an outstanding award of Restricted Stock
remains subject only to a time                     based vesting schedule (<U>i.e.,</U> one
that requires only that the Recipient                     remain as a Director or Advisor
for the passage of a specified time period),                     then such Award shall
immediately become fully vested and nonforfeitable upon                     one of the
events in subsection (a) above. If an outstanding award of Restricted
                    Stock remains subject to any other type of vesting schedule or
requirement                     (<U>e.g.,</U> a criteria based schedule), then such award
shall become vested in                     a proportionate amount upon one of the events
in subsection (a) above. The                     proportion shall be calculated as the
ratio of the amount of time completed                     through the date of the
applicable event compared to the original term of the                     Restricted
Stock Agreement.  </FONT>
</TD>
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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;7.6 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
of Services</U>. Unless the Committee decides otherwise, all shares of Restricted Stock
that remain subject to restriction upon the Recipient&#146;s termination of services to
the Company, other than shares of Restricted Stock accelerated under Section 7.5(b),
shall be forfeited by the Recipient.  </FONT></P></TD>
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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;7.7 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Delivery of Restricted Stock</U>. </FONT></P></TD>
</TR>
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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Issuance</U>.
Subject to the terms and conditions of the Restricted Stock                Agreement, the
Company shall issue a certificate representing the shares of                Restricted
Stock within a reasonable period of time after execution of the                Restricted
Stock Agreement; provided, if any law or regulation requires the                Company
to take any action (including, but not limited to, the filing of a
               registration statement under the 1933 Act and causing such registration
               statement to become effective) with respect to such shares before the
issuance                thereof, then the date of delivery of the shares shall be
extended for the                period necessary to take such action. As long as any
restrictions apply to the                Restricted Stock, the shares of Restricted Stock
may be held by the Committee in                uncertificated form in a restricted
account.  </FONT>
</TD>
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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Legend</U>.
Unless the certificate representing shares of the Restricted                Stock are
deposited with a custodian (as described in subparagraph (c) hereof),                each
certificate shall bear the following legend (in addition to any other
               legend required by law):  </FONT>
</TD>
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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;The
transferability of this certificate and the shares represented hereby are subject to the
restrictions, terms and conditions (including forfeiture and restrictions against
transfer) contained in the Mastec Inc. 2003 Stock Incentive Plan for Non-Employees and a
Restricted Stock Agreement dated ______, ___ between __________and Mastec, Inc. The Plan
and the Restricted Stock Agreement are on file in the office of the Chief Financial
Officer of Mastec, Inc.&#148; </FONT>
</TD>
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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Such
legend shall be removed or canceled from any certificate evidencing shares of Restricted
Stock as of the date that such shares become nonforfeitable. </FONT>
</TD>
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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Deposit
with Custodian</U>. As an alternative to delivering a stock                certificate to
the Recipient, the Committee may deposit or transfer such shares
               electronically to a custodian designated by the Committee. The Committee
shall                cause the custodian to issue a receipt for the shares to the
Recipient for any                Restricted so deposited. The custodian shall hold the
shares and deliver the                same to the Recipient in whose name the Restricted
Stock evidenced thereby are                registered only after such shares become
nonforfeitable.  </FONT>
</TD>
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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;7.8 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Transferability</U>.
Unless the Committee specifies otherwise in the Restricted Stock Agreement, a Recipient
may not sell, exchange, transfer, pledge, hypothecate or otherwise dispose of shares of
Restricted Stock awarded under this Plan while such shares are still subject to
restriction. Notwithstanding the foregoing, with the approval of the Committee, and in
its sole discretion, a Restricted Stock Agreement may be amended to permit the Recipient
to transfer grants of Restricted Stock under this Plan to such Persons as the Committee
deems appropriate.  </FONT></P></TD>
</TR>
</TABLE>
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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;7.9 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Effect
of Restricted Stock Award</U>. Upon issuance of the shares of the Restricted Stock, the
Recipient shall have immediate rights of ownership in the shares of Restricted Stock,
including the right to vote the shares and the right to receive dividends with respect to
the shares, notwithstanding any outstanding restrictions on the Restricted Stock.  </FONT></P></TD>
</TR>
</TABLE>
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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SECTION 8 &#150;
ADJUSTMENTS UPON CHANGES IN CAPITALIZATION </FONT></H1>

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<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;8.1 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Certain
Corporate Transactions</U>. </FONT></P></TD>
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<BR>

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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Recapitalization</U>.
If the Company is involved in a corporate transaction           or any other event which
effects the Common Stock (including, without           limitation, any recapitalization,
reclassification, reverse or forward stock           split, stock dividend, extraordinary
cash dividend, split-up, spin-off,           combination or exchange of shares), then the
Committee shall adjust outstanding           Options or awards of Restricted Stock to
preserve the benefits or potential           benefits of the Options as follows:  </FONT>
</TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          The
Committee shall take action to adjust the number and kind of shares of           Common
Stock that are issuable under the Plan;  </FONT>
</TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          The
Committee shall take action to adjust the number and kind of shares of           Common
Stock subject to outstanding Options or awards of Restricted Stock;  </FONT>
</TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          The
Committee shall take action to adjust the Exercise Price of outstanding           Options
or awards of Restricted Stock; and  </FONT>
</TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          The
Committee shall make any other equitable adjustments.  </FONT>
</TD>
</TR>
</TABLE>
<BR>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Only
whole shares of Common Stock shall be issued in making the above adjustments. Further,
the number of shares available under the Plan or the number of shares of Common Stock
subject to any outstanding Options or awards of Restricted Stock shall be the next lower
number of shares, so that fractions are rounded downward. If the Company issues any
rights or warrants to subscribe for additional shares pro rata to holders of outstanding
shares of the class or classes of stock then set aside for the Plan, then each
Participant shall be entitled to the same rights or warrants on the same basis as holders
of outstanding shares with respect to such portion of the Participant&#146;s Option or
awards of Restricted Stock as is exercised on or prior to the record date for determining
shareholders entitled to receive or exercise such rights or warrants.  </FONT></P>


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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Reorganization</U>.
If the Company is part of any reorganization involving           merger, consolidation,
acquisition of the Common Stock or acquisition of the           assets of the Company,
the Committee, in its discretion, may decide that:  </FONT>
</TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          any
or all outstanding Options or awards of Restricted Stock granted under the           Plan
shall pertain to and apply, with appropriate adjustment as determined by           the
Committee, to the securities of the resulting corporation to which a holder           of
the number of shares of the Common Stock subject to each such Option would           have
been entitled;  </FONT>
</TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          any
or all outstanding Options or awards of Restricted Stock granted hereunder
          shall become immediately fully exercisable (to the extent permitted under
          federal or state securities laws); and/or  </FONT>
</TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          any
or all Options or awards of Restricted Stock granted hereunder shall become
          immediately fully exercisable (to the extent permitted under federal or state
          securities laws) and shall be terminated after giving at least 30 days&#146;          notice
to the Directors and Advisors to whom such Options or awards of           Restricted
Stock have been granted.  </FONT>
</TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Limits
on Adjustments</U>. Any issuance by the Company of stock of any class           other
than the Common Stock, or securities convertible into shares of stock of           any
class, shall not affect, and no adjustment by reason thereof shall be made           with
respect to, the number or price of shares of the Common Stock subject to           any
Option or awards of Restricted Stock , except as specifically provided
          otherwise in this Plan. Grants under the Plan shall not affect in any way the
          right or authority of the Company to make adjustments, reclassifications,
          reorganizations or changes of its capital or business structure or to merge,
          consolidate or dissolve, or to liquidate, sell or transfer all or any part of
          its business or assets. All adjustments the Committee makes under this Plan
          shall be conclusive.  </FONT>
</TD>
</TR>
</TABLE>
<BR>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SECTION 9 &#150; PLAN
OPERATION </FONT></H1>

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<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;9.1 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compliance
with Other Laws and Regulations</U>. </FONT></P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Distribution
of shares of Common Stock under the Plan shall
be subject to the following:  </FONT>
</TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          Notwithstanding
any other provision of the Plan, the Company shall not be           required to issue any
shares of Common Stock under the Plan unless such issuance           complies with all
applicable laws (including, without limitation, the           requirements of the 1933
Act and Section 16 of the 1934 Act) and the applicable           requirements of any
securities exchange or similar entity.  </FONT>
</TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          When
the Plan provides for issuance of Common Stock, the Company may issue           shares of
Common Stock on a noncertificated basis as long as it is not           prohibited by
applicable law or the applicable rules of any stock exchange.  </FONT>
</TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          The
Company may require a Participant to submit evidence that the Participant is
          acquiring shares of Common Stock for investment purposes.  </FONT>
</TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;9.2 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Limitation
of Implied Rights</U>. The Plan is not a contract of employment or a contract for
continued service as a Director or an Advisor. Neither a Director nor an Advisor selected
as a Participant shall have the right to be retained as a director or an advisor of the
Company or any Related Company and shall not have any right or claim under the Plan,
unless such right or claim has specifically accrued under the terms of the Plan.  </FONT></P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;9.3 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Evidence</U>.
Anyone required to give evidence under the Plan may give such evidence by certificate,
affidavit, document or other information which the person acting on the evidence
considers pertinent, reliable and signed, made or presented by the proper party or
parties.  </FONT></P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;9.4 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendment
and Termination of the Plan and Agreements</U>. The Board may amend, modify or terminate
the Plan at any time. No such amendment, modification or termination shall result in the
Plan as a whole being subject to variable, or other adverse, accounting treatment or
adversely affect, in any way, the rights of individuals who have outstanding Options or
awards of Restricted Stock unless such individuals consent to such amendment or
termination or such amendment or termination is necessary to comply with applicable law.
The Committee may amend any Agreement that it previously has authorized under the Plan if
the amended Agreement is signed by the Company and the applicable Participant.  </FONT></P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;9.5 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Gender
and Number; Headings</U>. Words in any gender shall include any other gender, words in
the singular shall include the plural and the plural shall include the singular. The
headings in this Plan are for convenience of reference. Headings are not a part of the
Plan and shall not be considered in the construction hereof.  </FONT></P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;9.6 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Legal
References</U>. Any reference in this Plan to a provision of law which is later revised,
modified, finalized or redesignated, shall automatically be considered a reference to
such revised, modified, finalized or redesignated provision of law.  </FONT></P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;9.7 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notices</U>.
In order for a Director or Advisor or other individual to give notice or other
communication to the Committee, the notice or other communication shall be in the form
specified by the Committee and delivered to the location designated by the Committee in
its sole discretion.  </FONT></P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;9.8 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Governing
Law</U>.  The Plan is governed by and shall be construed in accordance with the laws of the
State of Florida. </FONT></P></TD>
</TR>
</TABLE>
<BR>



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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ADOPTED BY BOARD OF
DIRECTORS ON OCTOBER 16, 2003 </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>APPROVED BY
SHAREHOLDERS ON DECEMBER 10, 2003 </FONT></P>



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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5
<SEQUENCE>4
<FILENAME>exh5-1.htm
<DESCRIPTION>EXH5-1 OPINION OF DUANE MORRIS LLP
<TEXT>
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     <!-- Project Name:   forms8011504                                                     -->
     <!-- Firm Name:      MasTec, Inc.                                                     -->
     <TITLE>Exhibit 5.1 - Opinion of Duane Morris LLP</TITLE>
</HEAD>
<BODY>





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<A NAME=A001></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>EXHIBIT 5.1</B>  </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>[DUANE MORRIS LLP
LETTERHEAD] </FONT></P>

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<A NAME=A003></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>January 20, 2004 </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Board of Directors <BR>MasTec, Inc.<BR>800 Douglas Road, 12th Floor<BR>Coral Gables, Florida 33134 </FONT></P>

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<A NAME=A005></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Gentlemen: </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
have acted as counsel to MasTec, Inc. (the &#147;Company&#148;) in connection
with the preparation and filing with the Securities and Exchange Commission under the
Securities Act of 1933, as amended (&#147;the Act &#148;), of a registration statement on Form S-8 (the &#147;Registration
Statement&#148;) relating to the offer and sale by the Company of up to 2,500,000 shares
of Common Stock, par value $0.10, of the Company (the &#147;Shares&#148;), pursuant to the
Company&#146;s Amended and Restated 2003 Stock Incentive Plan for Non-Employees (the
&#147;Plan&#148;). </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
securities counsel to the Company, we have supervised the preparation and filing of the
Registration Statement. We have also examined the Company&#146;s Amended and Restated
Certificate of Incorporation and Bylaws, as amended to date, the corporate minutes relating to the authorization, sale and issuance of the
Shares (all the foregoing as certified by the Company&#146;s Secretary), and such matters of law as we have deemed necessary or
appropriate in order to render this opinion.  We have assumed the accuracy of such Secretary's certificate. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based
upon the foregoing, it is our opinion that each of the Shares, when issued and paid for in
accordance with the terms and conditions of the Plan, will be duly authorized, legally and
validly issued and outstanding and fully paid and nonassessable. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
hereby consent to the use of this opinion in the Registration Statement, and we further
consent to the reference to us under the heading &#147;Interests of Named Experts and
Counsel&#148; in the Registration Statement. In giving this consent, we do not admit that we are within the category of persons whose consent is required by
Section 7 of the Act.</FONT></P>



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<TR VALIGN=TOP>
<TD WIDTH=40%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Sincerely,<BR><BR>
<BR><BR><BR>/s/ DUANE MORRIS LLP</FONT></TD>
</TR>
</TABLE>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>5
<FILENAME>exh23-2.htm
<DESCRIPTION>EXH23-2 CONSENT OF ERNST & YOUNG LLP
<TEXT>
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     <!-- Project Name:   forms8011504                                                     -->
     <!-- Firm Name:      MasTec, Inc.                                                     -->
     <TITLE>Exhibit 23.2 - Consent of Ernst &amp; Young LLP</TITLE>
</HEAD>
<BODY>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->

<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Exhibit 23.2</B>  </FONT></P>
<BR>
<BR>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>CONSENT OF INDEPENDENT
CERTIFIED PUBLIC ACCOUNTANTS</U> </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>We consent to the incorporation by
reference in Amendment No. 1 to the Registration Statement (Form S-8 No. 333-105781)
pertaining to the MasTec, Inc. Amended and Restated 2003 Stock Incentive Plan for Non-Employees of our report dated March 10, 2003, with respect to the consolidated financial
statements of MasTec, Inc. included in the Annual Report (Form 10-K) for the year ended
December 31, 2002, filed with the Securities and Exchange Commission. </FONT></P>
<BR>
<BR>

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<TABLE WIDTH=100% CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=40%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;<BR><BR>
<BR>/s/ Ernst &amp; Young LLP</FONT></TD>
</TR>
</TABLE>



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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Miami, Florida<BR>January 14,
2004 </FONT></P>






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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>6
<FILENAME>exh23-3.htm
<DESCRIPTION>EXH23-3 CONSENT OF PRICEWATERHOUSECOOPERS LLP
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     <TITLE>Exhibit 23.3 Consent of PricewaterhouseCoopers LLP</TITLE>
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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Exhibit 23.3</B>  </FONT></P>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>CONSENT OF
INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS </U></FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>We hereby consent to the
incorporation by reference in this Registration Statement on Amendment No. 1 to Form S-8
(No. 333-105781) of our report dated February 18, 2002 relating to the financial
statements of MasTec, Inc., which appears in MasTec, Inc.&#145;s Annual Report on Form
10-K for the year ended December 31, 2001. </FONT></P>
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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>/s/ PricewaterhouseCoopers<BR>Miami, Florida<BR>January 14,
2004 </FONT></P>



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