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<SEC-DOCUMENT>0000897069-05-000278.txt : 20050201
<SEC-HEADER>0000897069-05-000278.hdr.sgml : 20050201
<ACCEPTANCE-DATETIME>20050201142746
ACCESSION NUMBER:		0000897069-05-000278
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20050127
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20050201
DATE AS OF CHANGE:		20050201

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WIDEPOINT CORP
		CENTRAL INDEX KEY:			0001034760
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
		IRS NUMBER:				522040275
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-23967
		FILM NUMBER:		05565299

	BUSINESS ADDRESS:	
		STREET 1:		20251 CENTURY BOULEVARD
		STREET 2:		SUITE 333
		CITY:			GERMANTOWN
		STATE:			MD
		ZIP:			20874
		BUSINESS PHONE:		3013539500

	MAIL ADDRESS:	
		STREET 1:		20251 CENTURY BLVD
		CITY:			GERMANTOWN
		STATE:			MD
		ZIP:			20874

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ZMAX CORP
		DATE OF NAME CHANGE:	19970530
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>cmw1182.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
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<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>UNITED STATES<BR>SECURITIES
AND EXCHANGE COMMISSION  <BR>WASHINGTON, DC 20549  </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CURRENT REPORT </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>FORM 8-K </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Pursuant to Section 13
or 15(d) of the Securities Exchange Act  </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>January 27, 2005<BR>Date of
Report <BR>(Date of Earliest Event Reported)  </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>WIDEPOINT CORPORATION
<BR>(Exact name of registrant as specified in its charter) </FONT></P>


<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=Bottom>
     <TD WIDTH=34% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Delaware</FONT></TD>
     <TD WIDTH=33% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>000-23967</FONT></TD>
     <TD WIDTH=33% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>52-2040275</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(State or other jurisdiction</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Commission File Number)</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(IRS Employer</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>of incorporation)</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Identification No.)</FONT></TD></TR>
</TABLE>





<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>One Lincoln
Centre,<BR>Oakbrook Terrace, Illinois 60181 <BR>(Address of principal executive offices (zip
code))  </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>630-629-0003 <BR>(Registrant&#146;s
telephone number, including area code) </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Check the appropriate box below if
the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions (see General Instruction A.2 below): </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>[&nbsp;&nbsp;&nbsp;]&nbsp;&nbsp;&nbsp;&nbsp;
          Written communications pursuant to Rule 425 under the Securities Act (17 CFR
          230.425) </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>[&nbsp;&nbsp;&nbsp;]&nbsp;&nbsp;&nbsp;&nbsp;
          Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
          240.14a &#151; 12) </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>[&nbsp;&nbsp;&nbsp;]&nbsp;&nbsp;&nbsp;&nbsp;
          Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
          (17 CFR 240.14d-2(b)) </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Default" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>[&nbsp;&nbsp;&nbsp;]&nbsp;&nbsp;&nbsp;&nbsp;
          Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
          (17 CFR 240.13d-4(c)) </FONT></P>


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<!-- MARKER FORMAT-SHEET="Head Major Left Bold-TNR" FSL="Project" -->
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item
5.03&nbsp;&nbsp;Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>On December 1, 2004, the Board of
Directors of WidePoint Corporation (&#147;WidePoint&#148;) approved, subject to the
approval by the stockholders of WidePoint, an amendment to WidePoint&#146;s Certificate of
Incorporation to increase the number of authorized shares of WidePoint&#146;s common stock
from 50,000,000 shares to 110,000,000 shares. At WidePoint&#146;s Annual Meeting of
Stockholders, held on January 27, 2005, the stockholders of WidePoint voted in favor of
the aforementioned amendment to WidePoint&#146;s Certificate of Incorporation. On January
28, 2005, WidePoint filed with the office of the Secretary of State of the State of
Delaware a Certificate of Amendment of Certificate of Incorporation of WidePoint
Corporation increasing the number of authorized shares of WidePoint&#146;s common stock
from 50,000,000 to 110,000,000, with such amendment being effective as of January 28,
2005. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold-TNR" FSL="Project" -->
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 8.01&nbsp;&nbsp;Other Events </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>On December 1, 2004, the Board of
Directors of WidePoint approved an amendment to WidePoint&#146;s 1997 Stock Incentive Plan
(the &#147;Plan&#148;) providing for an increase in the total number of shares of common
stock authorized for issuance under the Plan from 3,000,000 to 10,000,000 shares. At
WidePoint&#146;s Annual Meeting of Stockholders, held on January 27, 2005, the
stockholders of WidePoint voted in favor of the aforementioned amendment to the Plan and
the Plan was thereby amended to reflect the increase in the total number of shares of
common stock authorized for issuance under the Plan from 3,000,000 to 10,000,000 shares. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold-TNR" FSL="Project" -->
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item
9.01&nbsp;&nbsp;Financial Statements and Exhibits </FONT></H1>

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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=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B> (c)</B> </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Exhibits.</B> </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=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>               3.1 </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Certificate
of Amendment of Certificate of Incorporation of WidePoint Corporation </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>               99.1 </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>WidePoint
Corporation (Formerly ZMAX Corporation) 1997 Stock Incentive Plan </FONT></TD>
</TR>
</TABLE>
<BR>


<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Project" -->
<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 Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned hereunto duly authorized. </FONT></P>


<!-- MARKER FORMAT-SHEET="Head Major Left Bold-TNR" FSL="Project" -->
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>WIDEPOINT CORPORATION </FONT></H1>


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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>By:  </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>/s/ James T. McCubbin</U>
<BR>James T. McCubbin          <BR>Vice President and
Chief Financial Officer</FONT></TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Dated:&nbsp;&nbsp;February 1, 2005 </FONT></P>



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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-3.1
<SEQUENCE>2
<FILENAME>cmw1182a.htm
<DESCRIPTION>CERT. OF AMENDMENT TO CERT. OF INCORPORATION
<TEXT>
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<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibit 3.1 </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>STATE OF
DELAWARE<BR>CERTIFICATE OF AMENDMENT  <BR>OF CERTIFICATE OF INCORPORATION<BR>OF WIDEPOINT CORPORATION  </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The corporation organized and
existing under and by virtue of the General Corporation Law of the State of Delaware does
hereby certify: </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>FIRST: That at a meeting of the Board
of Directors of WidePoint Corporation resolutions were adopted proposing that an amendment
be made to the Certificate of Incorporation of said corporation to increase the authorized
shares of common stock of said corporation from 50,000,000 shares to 110,000,000 shares,
declaring said amendment to be advisable and proposing that such amendment be set forth
for approval by the stockholders of WidePoint Corporation at the annual meeting of
stockholders of said corporation. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SECOND: That at the annual meeting of
stockholders of WidePoint Corporation held on January 27, 2005, the necessary number of
shares as required by statute were voted in favor of the amendment. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>THIRD: That said amendment was duly
adopted in accordance with Section 242 of the General Corporation Law of the State of
Delaware. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>FOURTH: That the capital of said
corporation shall not be reduced under or by reason of said amendment. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>FIFTH: Therefore, Article IV of the
Amended Certificate of Incorporation of WidePoint Corporation is hereby amended to read as
follows: </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>"ARTICLE IV. CAPITAL
STOCK </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
aggregate number of shares of stock that the Corporation shall have authority to issue is
one hundred twenty million (120,000,000), of which ten million (10,000,000) shares, with a
par value of $0.001 per share, are designated as Preferred Stock, and one hundred ten
million (110,000,000) shares, with a par value of $0.001 per share, are designated as
Common Stock. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Provisions Relating to the Common Stock. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Each holder of Common Stock is entitled to one vote for each share of Common
          Stock standing in such holder&#146;s name on the records of the Corporation on
          each matter submitted to a vote of the stockholders, except as otherwise
          required by law. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The holders of the Common Stock shall have no preemptive rights to subscribe for
          any shares of any class of stock of the Corporation whether now or hereafter
          authorized. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Provisions Relating to the Preferred Stock. The authority of the Board with
          respect to each series shall include, but not be limited to, determination of
          the following: </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The number of shares constituting that series and the distinctive designation of
          that series; </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The dividend rate on the shares of that series, whether dividends shall be
          cumulative, and if so, from which date(s), and the relative rights of priority,
          if any, of payment of dividends on shares of that series; </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Whether that series shall have voting rights, in addition to the voting rights
          provided by law, and, if so, the terms of such voting rights; </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Whether that series shall have conversion privileges, and, if so, the terms and
          conditions of such conversion, including provision for adjustment of the
          conversion rate in such events as the Board of Directors shall determine; </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(5)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Whether or not the shares of that series shall be redeemable, and, if so, the
          terms and conditions of such redemption, including the date or date upon or
          after which they shall be redeemable, and the amount per share payable in case
          of redemption, which amount may vary under different conditions and at different
          redemption dates; </FONT></P>




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<!-- MARKER FORMAT-SHEET="Para (List) Indent Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(6)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Whether that series shall have a sinking fund for the redemption or purchase of
          shares of that series, and, if so, the terms and amount of such sinking fund; </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(7)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The rights of the shares of that series in the event of voluntary or involuntary
          liquidation, dissolution or winding up of the corporation, and the relative
          rights of priority, if any, of payment of shares of that series; </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(8)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Any other relative rights, preferences and limitations of that series. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividends
on outstanding shares of Preferred Stock shall be paid or declared and set apart for
payment before any dividends shall be paid or declared and set apart for payment on the
Common Stock with respect to the same dividend period. If upon any voluntary or
involuntary liquidation, dissolution or winding up of the corporation, the assets
available for distribution to holders of shares of Preferred Stock of all series shall be
insufficient to pay such holders the full preferential amount to which they are entitled,
then such assets shall be distributed ratably among the shares of all series of Preferred
Stock in accordance with the respective preferential amounts (including unpaid cumulative
dividends, if any) payable with respect thereto.&#148; </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>IN WITNESS WHEREOF, said corporation
has caused this certificate to be signed this 28<SUP>th</SUP> day of January, 2005. </FONT></P>



<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=Bottom>
     <TD WIDTH=50% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD WIDTH=5% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>By:</FONT></TD>
     <TD WIDTH=45% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>/s/ Steve L. Komar</U></FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Title:</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Chairman of the Board, President</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>and Chief Executive Officer</FONT></TD></TR>
</TABLE>





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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>cmw1182b.htm
<DESCRIPTION>1997 STOCK INCENTIVE PLAN
<TEXT>
<HTML>
<HEAD>
<TITLE>
</TITLE>
</HEAD>
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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibit 99.1 </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Project" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>WIDEPOINT CORPORATION
(FORMERLY ZMAX CORPORATION) </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1997 STOCK INCENTIVE
PLAN </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SECTION 1 DEFINITIONS </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1
Definition. Whenever used herein, the masculine pronoun will be deemed to include the
feminine, and the singular to include the plural, unless the context clearly indicates
otherwise, and the following capitalized words and phrases are used herein with the
meaning thereafter ascribed: </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &#147;Affiliate&#148; means: </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          an entity that directly or through one or more intermediaries is controlled by
          the Company, and </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          any entity in which the Company has a significant equity interest, as determined
          by the Company. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &#147;Board of Directors&#148; means the board of directors of the Company. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &#147;Code&#148; means the Internal Revenue Code of 1986, as amended. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &#147;Committee&#148; means the committee appointed by the Board of Directors to
          administer the Plan. The Board of Directors shall consider the advisability of
          whether the members of the Committee shall consist solely of at least two
          members of the Board of Directors who are both &#147;outside directors&#148; as
          defined in Treas. Reg. sec. 1. 162-27(e) as promulgated by the Internal Revenue
          Service and &#147;non-employee directors&#148; as defined in Rule 16b-3(b)(3) as
          promulgated under the Exchange Act. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &#147;Company&#148; means WidePoint Corporation, a Delaware corporation. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &#147;Disability&#148; has the same meaning as provided in the long-term
          disability plan or policy maintained or, if applicable, most recently
          maintained, by the Company or, if applicable, any Affiliate of the Company for
          the Participant. If no long-term disability plan or policy was ever maintained
          on behalf of the Participant or, if the determination of Disability relates to
          an Incentive Stock Option, Disability means that condition described in Code
          Section 22(e)(3), as amended from time to time. In the event of a dispute, the
          determination of Disability will be made by the Committee and will be supported
          by advice of a physician competent in the area to which such Disability relates. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &#147;Dividend Equivalent Rights&#148; means certain rights to receive cash
          payments as described in Section 3.5. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &#147;Exchange Act&#148; means the Securities Exchange Act of 1934, as amended
          from time to time. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &#147;Fair Market Value&#148; with regard to a date means: </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          the average of the high and low prices at which Stock shall have been sold on
          that date or the last trading date prior to that date as reported by the Nasdaq
          Stock Market (or, if applicable, as reported by a national securities exchange
          selected by the Committee on which the shares of Stock are then actively traded)
          and published in The Wall Street Journal, </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          if Stock is not traded on a securities exchange, but is reported by the Nasdaq
          Stock Market and market information is published on a regular basis in The Wall
          Street Journal, the average of the published high and low sales prices for that
          date or the last business day prior to that date as published in The Wall Street
          Journal, </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          if such market information is not published on a regular basis, the average of
          the high bid and low asked prices of Stock in the over-the-counter market on
          that date or the last business day prior to that date, as reported by the Nasdaq
          Stock Market, or, if not so reported, by a generally accepted reporting service,
          or </FONT></P>




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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          if Stock is not publicly traded, as determined in good faith by the Committee
          with due consideration being given to (i) the most recent independent appraisal
          of the Company if such appraisal is not more than twelve months old and (ii) the
          valuation methodology used in any such appraisal provided that, for purposes of
          granting awards other than Incentive Stock Options, Fair Market Value of the
          shares of Stock may be determined by the Committee by reference to the average
          market value determined over a period certain or as of specified dates, to a
          tender offer price for the shares of Stock (if settlement of an award is
          triggered by such an event) or to any other reasonable measure of fair market
          value. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &#147;Option&#148; means a non-qualified stock option or an incentive stock
          option. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &#147;Over 10% Own&#148; means an individual who at the time an Incentive Stock
          Option is granted owns Stock possessing more than 10% of the total combined
          voting power of the Company or one of its Subsidiaries, determined by applying
          the attribution rules of Code Section 424(d). </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &#147;Participant&#148; means an individual who receives a Stock Incentive
          hereunder. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &#147;Performance Unit Award&#148; refers to a performance unit award as
          described in Section 3.6. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &#147;Phantom Shares&#148; refers to the rights described in Section 3.7. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &#147;Plan&#148; means the ZMAX Corporation 1997 Stock Incentive Plan. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(p)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &#147;Stock&#148; means the Company&#146;s common stock. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(q)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &#147;Stock Appreciation Right&#148; means a stock appreciation right described
          in Section 3.3. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(r)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &#147;Stock Award&#148; means a stock award described in Section 3.4. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(s)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &#147;Stock Incentive Agreement&#148; means an agreement between the Company and
          a Participant or other documentation evidencing an award of a Stock Incentive. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(t)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &#147;Stock Incentive Program&#148; means a written program established by the
          Committee, pursuant to which Stock Incentives are awarded under the Plan under
          uniform terms, conditions and restrictions set forth in such written program. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(u)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &#147;Stock Incentives&#148; means, collectively, Dividend Equivalent Rights,
          Incentive Stock Options, Non-Qualified Stock Options, Phantom Shares, Stock
          Appreciation Rights and Stock Awards. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &#147;Subsidiary&#148; means any corporation (other than the Company) in an
          unbroken chain of corporations beginning with the Company if, with respect to
          Incentive Stock Options, at the time of the granting of the Option, each of the
          corporations other than the last corporation in the unbroken chain owns stock
          possessing 50% or more of the total combined voting power of all classes of
          stock in one of the other corporations in the chain. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(w)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          &#147;Termination of Employment&#148; means the termination of the
          employee/employer relationship between a Participant and the Company and its
          Affiliates, regardless of whether severance or similar payments are made to the
          Participant for any reason, including, but not by way of limitation, a
          termination by resignation, discharge, death, Disability or retirement. The
          Committee will, in its absolute discretion, determine the effect of all matters
          and questions relating to a Termination of Employment, including, but not by way
          of limitation, the question of whether a leave of absence constitutes a
          Termination of Employment. </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SECTION 2 THE STOCK
INCENTIVE 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;2.1
Purpose of the Plan. The Plan is intended to (a) provide incentive to officers and key
employees of the Company and its Affiliates to stimulate their efforts toward the
continued success of the Company and to operate and manage the business in a manner that
will provide for the long-term growth and profitability of the Company; (b) encourage
stock ownership by officers and key employees by providing them with a means to acquire a
proprietary interest in the Company, acquire shares of Stock, or to receive compensation
which is based upon appreciation in the value of Stock; and (c) provide a means of
obtaining, rewarding and retaining key personnel and consultants. </FONT></P>




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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2
Stock Subject to the Plan. Subject to adjustment in accordance with Section 5.2,
10,000,000 shares of Stock (the &#147;Maximum Plan Shares&#148;) are hereby reserved
exclusively for issuance pursuant to Stock Incentives. At no time may the Company have
outstanding under the Plan, Stock Incentives subject to Section 16 of the Exchange Act and
shares of Stock issued in respect of Stock Incentives under the Plan in excess of the
Maximum Plan Shares. The shares of Stock attributable to the nonvested, unpaid,
unexercised, unconverted or otherwise unsettled portion of any Stock Incentive that is
forfeited or cancelled or expires or terminates for any reason without becoming vested,
paid, exercised, converted or otherwise settled in full will again be available for
purposes of the 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;2.3
Administration of the Plan. The Plan is administered by the Committee. The Committee has
full authority in its discretion to determine the officers and key employees of the
Company or its Affiliates to whom Stock Incentives will be granted and the terms and
provisions of Stock Incentives, subject to the Plan. Subject to the provisions of the
Plan, the Committee has full and conclusive 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 respective Stock Incentive Agreements and to make all other
determinations necessary or advisable for the proper administration of the Plan. The
Committee&#146;s determinations under the Plan need not be uniform and may be made by it
selectively among persons who receive, or are eligible to receive, awards under the Plan
(whether or not such persons are similarly situated). The Committee&#146;s decisions are
final and binding on all Participants. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4
Eligibility and Limits. Stock Incentives may be granted only to officers, and key
employees and consultants of the Company, or any Affiliate of the Company; provided,
however, that an incentive stock option may only be granted to an employee of the Company
or any Subsidiary. In the case of incentive stock options, the aggregate Fair Market Value
(determined as at the date an incentive stock option is granted) of stock with respect to
which stock options intended to meet the requirements of Code Section 422 become
exercisable for the first time by an individual during any calendar year under all plans
of the Company and its Subsidiaries may not exceed $100,000; provided further, that if the
limitation is exceeded, the incentive stock option(s) which cause the limitation to be
exceeded will be treated as nonqualified stock option(s). </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SECTION 3 TERMS OF STOCK
INCENTIVES </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1
 Terms and Conditions of All Stock Incentives. </FONT></P>



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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The number of shares of Stock as to which a Stock Incentive may be granted will
          be determined by the Committee in its sole discretion, subject to the provisions
          of Section 2.2 as to the total number of shares available for grants under the
          Plan and subject to the limits on Options and Stock Appreciation Rights in the
          following sentence. To the extent required under Section 162(m) of the Code and
          the regulations thereunder for compensation to be treated as qualified
          performance based compensation, the maximum number of shares of Stock with
          respect to which Options or Stock Appreciation Rights may be granted during any
          one year period to any employee may not exceed 3,000,000. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Each Stock Incentive will either be evidenced by a Stock Incentive Agreement in
          such form and containing such terms, conditions and restrictions as the
          Committee may determine to be appropriate, or be made subject to the terms of a
          Stock Incentive Program, containing such terms, conditions and restrictions as
          the Committee may determine to be appropriate. Each Stock Incentive Agreement or
          Stock Incentive Program is subject to the terms of the Plan and any provisions
          contained in the Stock Incentive Agreement or Stock Incentive Program that are
          inconsistent with the Plan are null and void. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The date a Stock Incentive is granted will be the date on which the Committee
          has approved the terms and conditions of the Stock Incentive and has determined
          the recipient of the Stock Incentive and the number of shares covered by the
          Stock Incentive, and has taken all such other actions necessary to complete the
          grant of the Stock Incentive. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Any Stock Incentive may be granted in connection with all or any portion of a
          previously or contemporaneously granted Stock Incentive. Exercise or vesting of
          a Stock Incentive granted in connection with another Stock Incentive may result
          in a pro rata surrender or cancellation of any related Stock Incentive, as
          specified in the applicable Stock Incentive Agreement or Stock Incentive
          Program. </FONT></P>




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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2
Terms and Conditions of Options. Each Option granted under the Plan must be evidenced by a
Stock Incentive Agreement. At the time any Option is granted, the Committee will determine
whether the Option is to be an incentive stock option described in Code Section 422 or a
non-qualified stock option, and the Option must be clearly identified as to its status as
an incentive stock option or a non-qualified stock option. Incentive stock options may
only be granted to employees of the Company or any Subsidiary. At the time any incentive
stock option granted under the Plan is exercised, the Company will be entitled to legend
the certificates representing the shares of Stock purchased pursuant to the Option to
clearly identify them as representing the shares purchased upon the exercise of an
incentive stock option. An incentive stock option may only be granted within ten (10)
years from the earlier of the date the Plan is adopted or approved by the Company&#146;s
stockholders. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Option Price. Subject to adjustment in accordance with Section 5.2 and the other
          provisions of this Section 3.2, the exercise price (the &#147;Exercise
          Price&#148;) per share of Stock purchasable under any Option must be as set
          forth in the applicable Stock Incentive Agreement, but in no event may it be
          less than the Fair Market Value on the date the Option is granted with respect
          to an incentive stock option. With respect to each grant of an incentive stock
          option to a Participant who is an Over 10% Owner, the Exercise Price may not be
          less than 110% of the Fair Market Value on the date the Option is granted. The
          Exercise Price of an Option may be amended or modified after the grant of the
          Option, and an Option may be surrendered in consideration of or exchanged for a
          grant of a new Option having an Exercise Price below that of the Option which
          was surrendered or exchanged. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Option Term. Any incentive stock option granted to a Participant who is not an
          Over 10% Owner is not exercisable after the expiration of ten (10) years after
          the date the Option is granted. Any incentive stock option granted to an Over
          10% Owner is not exercisable after the expiration of five (5) years after the
          date the Option is granted. The term of any Non-Qualified Stock Option must be
          as specified in the applicable Stock Incentive Agreement. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Payment. Payment for all shares of Stock purchased pursuant to exercise of an
          Option will be made in any form or manner authorized by the Committee in the
          Stock Incentive Agreement or by amendment thereto, including, but not limited
          to, cash or, if the Stock Incentive Agreement provides: </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          by delivery to the Company of a number of shares of Stock which have been owned
          by the holder for at least six (6) months prior to the date of exercise having
          an aggregate Fair Market Value of not less than the product of the Exercise
          Price multiplied by the number of shares the Participant intends to purchase
          upon exercise of the Option on the date of delivery; </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          in a cashless exercise through a broker; or </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          by having a number of shares of Stock withheld, the Fair Market Value of which
          as of the date of exercise is sufficient to satisfy the Exercise Price. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In its discretion, the Committee also
may authorize (at the time an Option is granted or thereafter) Company financing to assist
the Participant as to payment of the Exercise Price on such terms as may be offered by the
Committee in its discretion. Payment must be made at the time that the Option or any part
thereof is exercised, and no shares may be issued or delivered upon exercise of an option
until full payment has been made by the Participant. The holder of an Option, as such, has
none of the rights of a stockholder. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Conditions to the Exercise of an Option. Each Option granted under the Plan is
          exercisable by whom, at such time or times, or upon the occurrence of such event
          or events, and in such amounts, as the Committee specifies in the Stock
          Incentive Agreement; provided, however, that subsequent to the grant of an
          Option, the Committee, at any time before complete termination of such Option,
          may accelerate the time or times at which such Option may be exercised in whole
          or in part, including, without limitation, upon a Change in Control and may
          permit the Participant or any other designated person to exercise the Option, or
          any portion thereof, for all or part of the remaining Option term,
          notwithstanding any provision of the Stock Incentive Agreement to the contrary. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Termination of Incentive Stock Option. With respect to an incentive Stock
          option, in the event of termination of employment of a Participant, the Option
          or portion thereof held by the Participant which is unexercised will expire,
          terminate, and become unexercisable no later than the expiration of three (3)
          months after the date of termination of employment; provided, however, that in
          the case of a holder whose termination of employment is due to death or
          Disability, one (1) year will be substituted for such three (3) month period;
          provided, further that such time limits may be exceeded by the Committee under
          the terms of the grant, in which case, the incentive stock option will be a
          nonqualified option if it is exercised after the time limits that would
          otherwise apply. For purposes of this Subsection (e), termination of employment
          of the Participant will not be deemed to have occurred if the Participant is
          employed by another corporation (or a parent or subsidiary corporation of such
          other corporation) which has assumed the incentive stock option of the
          Participant in a transaction to which Code Section 424(a) is applicable. </FONT></P>




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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Serial Provisions for Certain Substitute Options. Notwithstanding anything to
          the contrary in this Section 3.2, any Option issued in substitution for an
          option previously issued by another entity, which substitution occurs in
          connection with a transaction to which Code Section 424(a) is applicable, may
          provide for an exercise price computed in accordance with such Code Section and
          the regulations thereunder and may contain such other terms and conditions as
          the Committee may prescribe to cause such substitute Option to contain as nearly
          as possible the same terms and conditions (including the applicable vesting and
          termination provisions) as those contained in the previously issued option being
          replaced thereby. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3
Terms and Conditions of Stock Appreciation Rights. Each Stock Appreciation Right granted
under the Plan must be evidenced by a Stock Incentive Agreement. A Stock Appreciation
Right entitles the Participant to receive the excess of (1) the Fair Market Value of a
specified or determinable number of shares of the Stock at the time of payment or exercise
over (2) a specified or determinable price which, in the case of a Stock Appreciation
Right granted in connection with an Option, may not be less than the Exercise Price for
that number of shares subject to that Option. A Stock Appreciation Right granted in
connection with a Stock Incentive may only be exercised to the extent that the related
Stock Incentive has not been exercised, paid or otherwise settled. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Settlement. Upon settlement of a Stock Appreciation Right, the Company must pay
          to the Participant the appreciation in cash or shares of Stock (valued at the
          aggregate Fair Market Value on the date of payment or exercise) as provided in
          the Stock Incentive Agreement or, in the absence of such provision, as the
          Committee may determine. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Conditions to Exercise. Each Stock Appreciation Right granted under the Plan is
          exercisable or payable at such time or times, or upon the occurrence of such
          event or events, and in such amounts, as the Committee specifies in the Stock
          Incentive Agreement; provided, however, that subsequent to the grant of a Stock
          Appreciation Right, the Committee, at any time before complete termination of
          such Stock Appreciation Right, may accelerate the time or times at which such
          Stock Appreciation Right may be exercised or paid in whole or in part. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4
Terms and Conditions of Stock Awards. The number of shares of Stock subject to a Stock
Award and restrictions or conditions on such shares, if any, will be as the Committee
determines, and the certificate for such shares will bear evidence of any restrictions or
conditions. Subsequent to the date of the grant of the Stock Award, the Committee has the
power to permit, in its discretion, an acceleration of the expiration of an applicable
restriction period with respect to any part or all of the shares awarded to a Participant.
The Committee may require a cash payment from the Participant in an amount no greater than
the aggregate Fair Market Value of the shares of Stock awarded determined at the date of
grant in exchange for the grant of a Stock Award or may grant a Stock Award without the
requirement of a cash payment. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.5
Terms and Conditions of Dividend Equivalent Right. A Dividend Equivalent Right entitles
the Participant to receive payments from the Company in an amount determined by reference
to any cash dividends paid on a specified number of shares of Stock to Company
stockholders of record during the period such rights are effective. The Committee may
impose such restrictions and conditions on any Dividend Equivalent Right as the Committee
in its discretion shall determine, including the date any such right shall terminate and
may reserve the right to terminate, amend or suspend any such right at any time. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Payment. Payment in respect of a Dividend Equivalent Right may be made by the
          Company in cash or shares of Stock (valued at Fair Market Value on the date of
          payment) as provided in the Stock Incentive Agreement or Stock Incentive
          Program, or, in the absence of such provision, as the Committee may determine. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Conditions to Payment. Each Dividend Equivalent Right granted under the Plan is
          payable at such time or times, or upon the occurrence of such event or events,
          and in such amounts, as the Committee specifies in the applicable Stock
          Incentive Agreement or Stock Incentive Program; provided, however, that
          subsequent to the grant of a Dividend Equivalent Right, the Committee, at any
          time before complete termination of such Dividend Equivalent Right, may
          accelerate the time or times at which such Dividend Equivalent Right may be paid
          in whole or in part. </FONT></P>




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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.6
Terms and Conditions of Performance Unit Awards. A Performance Unit Award shall entitle
the Participant to receive, at a specified future date, payment of an amount equal to all
or a portion of the value of a specified or determinable number of units (stated in terms
of a designated or determinable dollar amount per unit) granted by the Committee. At the
time of the grant, the Committee must determine the base value of each unit, the number of
units subject to a Performance Unit Award, the performance factors applicable to the
determination of the ultimate payment value of the Performance Unit Award and the period
over which Company performance shall be measured. The Committee may provide for an
alternate base value for each unit under certain specified conditions. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Payment. Payment in respect of Performance Unit Awards may be made by the
          Company in cash or shares of Stock (valued at Fair Market Value on the date of
          payment) as provided in the applicable Stock Incentive </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agreement
or Stock Incentive Program or, in the absence of such provision, as the Committee may
determine. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Conditions to Payment. Each Performance Unit Award granted under the Plan shall
          be payable at such time or times, or upon the occurrence of such event or
          events, and in such amounts, as the Committee shall specify in the applicable
          Stock Incentive Agreement or Stock Incentive Program; provided, however, that
          subsequent to the grant of a Performance Unit Award, the Committee, at any time
          before complete termination of such Performance Unit Award, may accelerate the
          time or times at which such Performance Unit Award may be paid in whole or in
          part. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.7
Terms and Conditions of Phantom Shares. Phantom Shares shall entitle the Participant to
receive, at a specified future date, payment of an amount equal to all or a portion of the
Fair Market Value of a specified number of shares of Stock at the end of a specified
period. At the time of the grant, the Committee will determine the factors which will
govern the portion of the rights so payable, including, at the discretion of the
Committee, any performance criteria that must be satisfied as a condition to payment.
Phantom Share awards containing performance criteria may be designated as Performance
Share Awards. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Payment. Payment in respect of Phantom Shares may be made by the Company in cash
          or shares of Stock (valued at Fair Market Value on the date of payment) as
          provided in the applicable Stock Incentive Agreement or Stock Incentive Program,
          or, in the absence of such provision, as the Committee may determine. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Conditions to Payment. Each Phantom Share granted under the Plan is payable at
          such time or times, or upon the occurrence of such event or events, and in such
          amounts, as the Committee specify in the applicable Stock Incentive Agreement or
          Stock Incentive Program; provided, however, that subsequent to the grant of a
          Phantom Share, the Committee, at any time before complete termination of such
          Phantom Share, may accelerate the time or times at which such Phantom Share may
          be paid in whole or in part. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8
Treatment of Awards Upon Termination of Employment. Except as otherwise provided by Plan
Section 3.2(e), any award under this Plan to a Participant who has experienced a
Termination of Employment may be cancelled, accelerated, paid or continued, as provided in
the applicable Stock Incentive Agreement or Stock Incentive Program, or, in the absence of
such provision, as the Committee may determine. The portion of any award exercisable in
the event of continuation or the amount of any payment due under a continued award may be
adjusted by the Committee to reflect the Participant&#146;s period of service from the
date of grant through the date of the Participant&#146;s Termination of Employment or such
other factors as the Committee determines are relevant to its decision to continue the
award. </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SECTION 4 RESTRICTIONS ON
STOCK </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1
Escrow of Shares. Any certificates representing the shares of Stock issued under the Plan
will be issued in the Participant&#146;s name, but, if the applicable Stock Incentive
Agreement or Stock Incentive Program so provides, the shares of Stock will be held by a
custodian designated by the Committee (the &#147;Custodian&#148;). Each applicable Stock
Incentive Agreement or Stock Incentive Program providing for transfer of shares of Stock
to the Custodian must appoint the Custodian as the attorney-in-fact for the Participant
for the term specified in the applicable Stock Incentive Agreement or Stock Incentive
program, with full power and authority in the Participant&#146;s name, place and stead to
transfer, assign and convey to the Company any shares of Stock held by the Custodian for
such Participant, if the Participant forfeits the shares under the terms of the applicable
Stock Incentive Agreement or Stock Incentive Program. During the period that the Custodian
holds the shares subject to this Section, the Participant is entitled to all rights,
except as provided in the applicable Stock Incentive Agreement or Stock Incentive Program,
applicable to shares of Stock not so held. Any dividends declared on shares of Stock held
by the Custodian must provide in the applicable Stock Incentive Agreement or Stock
Incentive Program that such dividends shall be paid directly to the Participant or, in the
alternative, be retained by the Custodian or by the Company until the expiration of the
term specified in the applicable Stock Incentive Agreement or Stock Incentive Program and
shall then be delivered, together with any proceeds, with the shares of Stock to the
Participant or to the Company, as applicable. </FONT></P>




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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2
Restrictions on Transfer. The Participant does not have the right to make or permit to
exist any disposition of the shares of Stock issued pursuant to the Plan except as
provided in the Plan or the applicable Stock Incentive Agreement or Stock Incentive
Program. Any disposition of the shares of Stock issued under the Plan by the Participant
not made in accordance with the Plan or the applicable Stock Incentive Agreement or Stock
Incentive Program will be void. The Company will not recognize, or have the duty to
recognize, any disposition not made in accordance with the Plan and the applicable Stock
Incentive Agreement or Stock Incentive Program, and the shares so transferred will
continue to be bound by the Plan and the applicable Stock Incentive Agreement or Stock
Incentive Program. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SECTION 5 GENERAL
PROVISIONS </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1
Withholding. The Company must deduct from all cash distributions under the Plan any taxes
required to be withheld by federal, state or local government. Whenever the Company
proposes or is required to issue or transfer shares of Stock under the Plan or upon the
vesting of any Stock Award, the Company has the right to require the recipient to remit to
the Company an amount sufficient to satisfy any federal, state and local withholding tax
requirements prior to the delivery of any certificate or certificates for such shares or
the vesting of such Stock Award. A Participant may pay the withholding tax in cash, or, if
the applicable Stock Incentive Agreement or Stock Incentive Program provides, a
Participant may elect to have the number of shares of Stock he is to receive reduced by,
or with respect to a Stock Award, tender back to the Company, the smallest number of whole
shares of Stock which, when multiplied by the Fair Market Value of the shares of Stock
determined as of the Tax Date (defined below), is sufficient to satisfy federal, state and
local, if any, withholding taxes arising from exercise or payment of a Stock Incentive (a
&#147;Withholding Election&#148;). A Participant may make a Withholding Election only if
both of the following conditions are met: </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The Withholding Election must be made on or prior to the date on which the
          amount of tax required to be withheld is determined (the &#147;Tax Date&#148;)
          by executing and delivering to the Company a properly completed notice of
          Withholding Election as prescribed by the Committee; and </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Any Withholding Election made will be irrevocable except on six months advance
          written notice delivered to the Company; however, the Committee may in its sole
          discretion disapprove and give no effect to the Withholding Election. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2
Changes in Capitalization; Merger; Liquidation. </FONT></P>



<!-- MARKER FORMAT-SHEET="Para (List) Indent Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The number of shares of Stock reserved for the grant of Options, Dividend
          Equivalent Rights, Performance Unit Awards, Phantom Shares, Stock Appreciation
          Rights and Stock Awards; the number of shares of Stock reserved for issuance
          upon the exercise or payment, as applicable, of each outstanding Option,
          Dividend Equivalent Right, Phantom Share and Stock Appreciation Right and upon
          vesting or grant, as applicable, of each Stock Award; the Exercise Price of each
          outstanding Option and the specified number of shares of Stock to which each
          outstanding Dividend Equivalent Right, Phantom Share and Stock Appreciation
          Right pertains must be proportionately adjusted for any increase or decrease in
          the number of issued shares of Stock resulting from a subdivision or combination
          of shares or the payment of a stock dividend in shares of Stock to holders of
          outstanding shares of Stock or any other increase or decrease in the number of
          shares of Stock outstanding effected without receipt of consideration by the
          Company. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          In the event of a merger, consolidation or other reorganization of the Company
          or tender offer for shares of Stock, the Committee may make such adjustments
          with respect to awards and take such other action as it deems necessary or
          appropriate to reflect such merger, consolidation, reorganization or tender
          offer, including, without limitation, the substitution of new awards, or the
          adjustment of outstanding awards, the acceleration of awards, the removal of
          restrictions on outstanding awards, or the termination of outstanding awards in
          exchange for the cash value determined in good faith by the Committee of the
          vested portion of the award. Any adjustment pursuant to this Section 5.2 may
          provide, in the Committee&#146;s discretion, for the elimination without payment
          therefor of any fractional shares that might otherwise become subject to any
          Stock Incentive, but except as set forth in this Section may not otherwise
          diminish the then value of the Stock Incentive. </FONT></P>




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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The existence of the Plan and the Stock Incentives granted pursuant to the Plan
          must not affect in any way the right or power of the Company to make or
          authorize any adjustment, reclassification, reorganization or other change in
          its capital or business structure, any merger or consolidation of the Company,
          any issue of debt or equity securities having preferences or priorities as to
          the Stock or the rights thereof, the dissolution or liquidation of the Company,
          any sale or transfer of all or any part of its business or assets, or any other
          corporate act or proceeding. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3
Cash Awards. The Committee may, at any time and in its discretion, grant to any holder of
a Stock Incentive the right to receive, at such times and in such amounts as determined by
the Committee in its discretion, a cash amount which is intended to reimburse such person
for all or a portion of the federal, state and local income taxes imposed upon such person
as a consequence of the receipt of the Stock Incentive or the exercise of rights
thereunder. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4
Compliance with Code. All incentive stock options to be granted hereunder are intended to
comply with Code Section 422, and all provisions of the Plan and all incentive stock
options granted hereunder must be construed in such manner as to effectuate that intent. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.5
Right to Terminate Employment. Nothing in the Plan or in any Stock Incentive confers upon
any Participant the right to continue as an employee or officer of the Company or any of
its Affiliates or affect the right of the Company or any of its Affiliates to terminate
the Participant&#146;s employment at any time. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.6
Non-alienation of Benefits. Other than as specifically provided with regard to the death
of a Participant, no benefit under the Plan may be subject in any manner to anticipation,
alienation, sale, transfer, assignment, pledge, encumbrance or charge; and any attempt to
do so shall be void. No such benefit may, prior to receipt by the Participant, be in any
manner liable for or subject to the debts, contracts, liabilities, engagements or torts of
the Participant. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.7
Restrictions on Delivery and Sale of Shares; Legends. Each Stock Incentive is subject to
the condition that if at any time the Committee, in its discretion, shall determine that
the listing, registration or qualification of the shares covered by such Stock Incentive
upon any securities exchange or under any state or federal law is necessary or desirable
as a condition of or in connection with the granting of such Stock Incentive or the
purchase or delivery of shares thereunder, the delivery of any or all shares pursuant to
such Stock Incentive may be withheld unless and until such listing, registration or
qualification shall have been effected. If a registration statement is not in effect under
the Securities Act of 1933 or any applicable state securities laws with respect to the
shares of Stock purchasable or otherwise deliverable under Stock Incentives then
outstanding, the Committee may require, as a condition of exercise of any Option or as a
condition to any other delivery of Stock pursuant to a Stock Incentive, that the
Participant or other recipient of a Stock Incentive represent, in writing, that the shares
received pursuant to the Stock Incentive are being acquired for investment and not with a
view to distribution and agree that the shares will not be disposed of except pursuant to
an effective registration statement, unless the Company shall have received an opinion of
counsel that such disposition is exempt from such requirement under the Securities Act of
1933 and any applicable state securities laws. The Company may include on certificates
representing shares delivered pursuant to a Stock Incentive such legends referring to the
foregoing representations or restrictions or any other applicable restrictions on resale
as the Company, in its discretion, shall deem appropriate. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.8
Listing and Legal Compliance. The Committee may suspend the exercise or payment of any
Stock Incentive so long as it determines that securities exchange listing or registration
or qualification under any securities laws is required in connection therewith and has not
been completed on terms acceptable to the Committee. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.9
Termination and Amendment of the Plan. The Board of Directors at any time may amend or
terminate the Plan without stockholder approval; provided, however, that the Board of
Directors may condition any amendment on the approval of stockholders of the Company if
such approval is necessary or advisable with respect to tax, securities or other
applicable laws. No such termination or amendment without the consent of the holder of a
Stock Incentive may adversely affect the rights of the Participant under such Stock
Incentive. </FONT></P>




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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.10
Stockholder Approval. The Plan must be submitted to the stockholders of the Company for
their approval within twelve (12) months before or after the adoption of the Plan by the
Board of Directors of the Company. If such approval is not obtained, any Stock Incentive
granted hereunder will be void. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.11
Choice of Law. The laws of the State of Maryland govern the Plan, to the extent not
preempted by federal law, without reference to the principles of conflict of laws. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.12
Effective Date of Plan. The Plan shall become effective April 17, 1997, subject, however,
to the approval of the Plan by the Company&#146;s shareholders. Stock Incentives granted
hereunder prior to such approval shall be conditioned upon such approval. Unless such
approval is obtained within one year after the effective date of this Plan, any Stock
Incentives awarded hereunder shall become void thereafter. </FONT></P>



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     <TD WIDTH=50% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD WIDTH=50% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>WIDEPOINT CORPORATION (FORMERLY ZMAX CORPORATION)</FONT></TD></TR>
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     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>By: /s/ Steve Komar</FONT></TD></TR>
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     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Steve Komar</FONT></TD></TR>
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     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>President</FONT></TD></TR>
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