STOCK OPTION AGREEMENT


     THIS STOCK OPTION AGREEMENT (this  "Agreement") is made and entered into as
of  October  2, 2002,  by and  between  FLORIDAFIRST  BANCORP,  INC.,  a Florida
corporation ("FloridaFirst" or "Issuer"), and BB&T CORPORATION, a North Carolina
corporation ("Grantee").

                                R E C I T A L S:

     WHEREAS,  Grantee and Issuer have entered into that certain  Agreement  and
Plan of Reorganization, dated this date (the "Merger Agreement"), providing for,
among other things, the merger of Issuer with and into Grantee; and

     WHEREAS, as a condition and inducement to Grantee's execution of the Merger
Agreement,  Grantee has required  that Issuer agree,  and Issuer has agreed,  to
grant to Grantee the Option (as defined below);

     NOW,  THEREFORE,  in  consideration  of  the  respective   representations,
warranties,  covenants  and  agreements  set  forth  herein  and in  the  Merger
Agreement, and intending to be legally bound hereby, Issuer and Grantee agree as
follows:

     1. Defined Terms.  Capitalized  terms which are used but not defined herein
shall have the meanings ascribed to such terms in the Merger Agreement.

     2. Grant of Option.  Subject to the terms and  conditions set forth herein,
Issuer hereby grants to Grantee an irrevocable option (the "Option") to purchase
up to 1,060,000  shares (as adjusted as set forth herein,  the "Option  Shares,"
which term shall  refer to the Option  Shares  before and after any  transfer of
such Option  Shares),  of the common  stock of Issuer,  par value $.10 per share
("Issuer  Common  Stock"),  at a purchase  price per Option  Share  (subject  to
adjustment as set forth herein, the "Purchase Price") equal to $19.50.

     3. Exercise of Option.

     (a)  Provided  that (i)  Grantee or Holder  (as  hereinafter  defined),  as
applicable,  shall not be in  material  breach of its  agreements  or  covenants
contained in this Agreement or the Merger Agreement,  and (ii) no preliminary or
permanent  injunction or other order  against the delivery of shares  covered by
the Option  issued by any court of competent  jurisdiction  in the United States
shall be in effect,  Holder may exercise the Option, in whole or in part, at any
time and from time to time  following  the  occurrence  of a Purchase  Event (as
hereinafter  defined);  provided,  that the Option shall  terminate and be of no
further force and effect upon the earliest to occur of (A) the  Effective  Time,
(B)  subject  to clause  (E)  below,  termination  of the  Merger  Agreement  in
accordance with




the terms thereof prior to the  occurrence of a Purchase  Event or a Preliminary
Purchase Event (as hereinafter  defined) (other than a termination of the Merger
Agreement   by  Grantee   pursuant  to  Section   7.1(b)   thereof  (a  "Default
Termination")),  (C) 12 months after a Default Termination,  (D) 12 months after
any  termination  of the Merger  Agreement  (other  than a Default  Termination)
following the  occurrence of a Purchase Event or a Preliminary  Purchase  Event,
and (E) subject to clause (D) above,  12 months after  termination of the Merger
Agreement  pursuant  to  Section  7.1(e)  thereof;  provided  further,  that any
purchase of shares upon  exercise of the Option  shall be subject to  compliance
with applicable law, including, without limitation, the Bank Holding Company Act
of 1956, as amended (the "BHC Act").  Subject to  compliance  with Section 13(h)
hereof,  the term  "Holder"  shall mean the holder or holders of the Option from
time to time,  including  initially  Grantee.  The rights set forth in Section 8
hereof shall terminate when the right to exercise the Option  terminates  (other
than as a result of a complete exercise of the Option) as set forth herein.

     (b) As used herein,  a "Purchase  Event" means any of the following  events
subsequent to the date of this Agreement:

          (i) Issuer shall have authorized,  recommended,  publicly  proposed or
     publicly  announced  an intention to  authorize,  recommend or propose,  or
     entered  into an  agreement  with any  person  (other  than  Grantee or any
     Subsidiary  of Grantee) to effect an  Acquisition  Transaction  (as defined
     below). As used herein, the term "Acquisition Transaction" shall mean (A) a
     merger, consolidation or similar transaction involving Issuer or any of its
     Subsidiaries (other than transactions solely between Issuer's  Subsidiaries
     or between Issuer's Subsidiaries and Issuer), (B) the disposition, by sale,
     lease,  exchange  or  otherwise,   of  assets  of  Issuer  or  any  of  its
     Subsidiaries  representing  in either case 15% or more of the  consolidated
     assets  of  Issuer  and  its  Subsidiaries  (other  than  a  sale  of  loan
     receivables  in a financing  transaction  in the normal  course of business
     consistent  with  past  practices),  or (C) the  issuance,  sale  or  other
     disposition (including by way of merger,  consolidation,  share exchange or
     any similar  transaction)  of  securities  representing  15% or more of the
     voting power of Issuer or any of its Subsidiaries; or

          (ii) any person  (other  than  Grantee or any  Subsidiary  of Grantee)
     shall have acquired  beneficial  ownership (as such term is defined in Rule
     13d-3  promulgated  under  the  Exchange  Act) of or the  right to  acquire
     beneficial  ownership of, or any "group" (as such term is defined under the
     Exchange  Act),  other  than  a  group  of  which  Grantee  or  any  of the
     Subsidiaries  of  Grantee  is  a  member,  shall  have  been  formed  which
     beneficially owns or has the right to acquire beneficial  ownership of, 15%
     or more of the then-outstanding shares of Issuer Common Stock.

          (c) As used herein,  a "Preliminary  Purchase  Event" means any of the
     following  events:

                                       2




          (i) any person (other than Grantee or any Subsidiary of Grantee) shall
     have  commenced  (as such term is defined in Rule 14d-2 under the  Exchange
     Act), or shall have filed a registration statement under the Securities Act
     with respect to, a tender offer or exchange offer to purchase any shares of
     Issuer Common Stock such that, upon consummation of such offer, such person
     would own or control 15% or more of the  then-outstanding  shares of Issuer
     Common Stock (such an offer being referred to herein as a "Tender Offer" or
     an "Exchange Offer," respectively); or

          (ii) the holders of Issuer  Common  Stock shall not have  approved the
     Merger Agreement at the meeting of such  shareholders  held for the purpose
     of voting on the Merger Agreement, such meeting shall not have been held or
     shall have been canceled prior to termination of the Merger  Agreement,  or
     Issuer's  Board of Directors  shall have  withdrawn or modified in a manner
     adverse to Grantee the  recommendation  of Issuer's Board of Directors with
     respect to the Merger Agreement,  in each case after any person (other than
     Grantee or any  Subsidiary of Grantee) shall have (A) made, or disclosed an
     intention to make, a proposal to engage in an Acquisition Transaction,  (B)
     commenced  a Tender  Offer  or filed a  registration  statement  under  the
     Securities  Act  with  respect  to an  Exchange  Offer,  or  (C)  filed  an
     application (or given a notice),  whether in draft or final form, under any
     federal or state statute or regulation  (including an application or notice
     filed under the BHC Act,  the Bank Merger Act, the Home Owners' Loan Act or
     the  Change  in  Bank  Control  Act of  1978)  seeking  the  consent  to an
     Acquisition   Transaction  from  any  federal  or  state   governmental  or
     regulatory authority or agency.

As used in this Agreement, "person" shall have the meaning specified in Sections
3(a)(9) and 13(d)(3) of the Exchange Act.

     (d) Notwithstanding the foregoing,  the obligation of FloridaFirst to issue
Option  Shares  upon  exercise of the Option  shall be  deferred  (but shall not
terminate):  (i) until the receipt of all required  governmental  or  regulatory
approvals or consents  necessary for  FloridaFirst to issue the Option Shares or
Holder to exercise the Option,  or until the  expiration or  termination  of any
waiting  period  required  by law,  or (ii) so long as any  injunction  or other
order,  decree  or ruling  issued by any  federal  or state  court of  competent
jurisdiction  is in effect  which  prohibits  the sale or delivery of the Option
Shares.

     (e) In the event  Holder  wishes to exercise  the Option,  it shall send to
Issuer a written  notice  (the date of which  being  herein  referred  to as the
"Notice  Date")  specifying  (i) the total number of Option Shares it intends to
purchase  pursuant to such  exercise  and (ii) a place and date not earlier than
three business days nor later than 15 business days from the Notice Date for the
closing (the "Closing") of such purchase (the "Closing Date").  If prior consent
of any governmental or regulatory  agency or authority is required in connection
with such  purchase,  Issuer  shall  cooperate  with Holder in the filing of the
required  notice or  application  for such  consent  and the  obtaining  of such
consent at Holder's expense,  and the Closing shall occur not earlier than three
business

                                       3





days nor later than 15 business  days  following  receipt of such  consents (and
expiration of any mandatory waiting periods).


     4. Payment and Delivery of Certificates.

     (a) On each Closing Date,  Holder shall (i) pay to Issuer,  in  immediately
available  funds by wire  transfer to a bank account  designated  by Issuer,  an
amount equal to the Purchase Price  multiplied by the number of Option Shares to
be purchased on such Closing Date, and (ii) present and surrender this Agreement
to the Issuer at the address of the Issuer referenced in Section 13(f) hereof.

     (b) At each  Closing,  simultaneously  with  the  delivery  of  immediately
available  funds and  surrender  of this  Agreement  as provided in Section 4(a)
hereof,  (i) Issuer shall  deliver to Holder (A) a certificate  or  certificates
representing  the Option  Shares to be purchased at such  Closing,  which Option
Shares shall be free and clear of all liens, claims, charges and encumbrances of
any kind whatsoever and subject to no preemptive  rights,  and (B) if the Option
is exercised in part only, an executed new agreement with the same terms as this
Agreement  evidencing  the right to purchase the balance of the shares of Issuer
Common Stock  purchasable  hereunder,  and (ii) Holder shall deliver to Issuer a
letter evidencing  Holder's agreement not to offer, sell or otherwise dispose of
such Option  Shares in violation of  applicable  federal and state law or of the
provisions of this Agreement.

     (c) In addition to any other  legend  that is required by  applicable  law,
certificates  for the Option Shares  delivered at each Closing shall be endorsed
with a restrictive legend which shall read substantially as follows:

          THE TRANSFER OF THE STOCK  REPRESENTED BY THIS  CERTIFICATE IS SUBJECT
          TO RESTRICTIONS  ARISING UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
          AND  PURSUANT  TO THE TERMS OF A STOCK  OPTION  AGREEMENT  DATED AS OF
          OCTOBER 2, 2002.  A COPY OF SUCH  AGREEMENT  WILL BE  PROVIDED  TO THE
          HOLDER HEREOF  WITHOUT  CHARGE UPON RECEIPT BY THE ISSUER OF A WRITTEN
          REQUEST THEREFOR.

It is  understood  and agreed that the above legend shall be removed by delivery
of substitute  certificate(s) without such legend if Holder shall have delivered
to Issuer a copy of a letter from the staff of the Commission,  or an opinion of
counsel in form and substance reasonably satisfactory to Issuer and its counsel,
to the effect that such legend is not required  for  purposes of the  Securities
Act.

     5.  Representations and Warranties of Issuer.  Issuer hereby represents and
warrants to Grantee as follows:

                                       4




     (a) Issuer has all  requisite  corporate  power and authority to enter into
this Agreement and, subject to its obtaining any approvals or consents  referred
to herein, to consummate the transactions contemplated hereby. The execution and
delivery of this Agreement and the consummation of the transactions contemplated
hereby have been duly authorized by all necessary  corporate  action on the part
of Issuer.  This  Agreement  (i) has been duly executed and delivered by Issuer,
(ii) constitutes the legal, valid and binding obligation of Issuer, and (iii) is
enforceable  against  Issuer  in  accordance  with  its  terms,  subject  to (A)
bankruptcy,   fraudulent  transfer,  insolvency,   moratorium,   reorganization,
conservatorship, receivership, or other similar laws from time to time in effect
relating  to or  affecting  the  enforcement  of  the  rights  of  creditors  of
FDIC-insured institutions or the enforcement of creditors' rights generally, and
(B)  general  principles  of  equity  (whether  applied  in a court of law or in
equity).

     (b) Issuer has taken all necessary  corporate and other action to authorize
and  reserve  and to permit it to issue and,  at all times from the date  hereof
until the  obligation  to deliver  Issuer  Common Stock upon the exercise of the
Option terminates, will have reserved for issuance, upon exercise of the Option,
the number of shares of Issuer Common Stock necessary for Holder to exercise the
Option,  and Issuer will take all  necessary  corporate  action to authorize and
reserve for  issuance  all  additional  shares of Issuer  Common  Stock or other
securities which may be issued pursuant to Section 7 hereof upon exercise of the
Option.  The shares of Issuer Common Stock to be issued upon due exercise of the
Option,  including  all  additional  shares  of  Issuer  Common  Stock  or other
securities  which may be issuable  pursuant to Section 7 hereof,  upon  issuance
pursuant   hereto,   shall  be  duly  and  validly   issued,   fully  paid,  and
nonassessable,  and  shall be  delivered  free and clear of all  liens,  claims,
charges,  and  encumbrances  of any kind or  nature  whatsoever,  including  any
preemptive rights of any shareholder of Issuer.

     6. Representations and Warranties of Grantee. Grantee hereby represents and
warrants to Issuer that:

     (a) Grantee has all requisite  corporate  power and authority to enter into
this Agreement and, subject to its obtaining any approvals or consents  referred
to herein, to consummate the transactions contemplated hereby. The execution and
delivery of this Agreement and the consummation of the transactions contemplated
hereby have been duly authorized by all necessary  corporate  action on the part
of Grantee. This Agreement has been duly executed and delivered by Grantee.

     (b) Grantee  represents  that it is acquiring  the Option for Grantee's own
account and not with a view to, or for sale in connection with, any distribution
of the Option or the Option  Shares.  Grantee  represents  that it is aware that
neither  the  Option  nor the Option  Shares is the  subject  of a  registration
statement  filed with and  declared  effective  by the  Commission  pursuant  to
Section 5 of the  Securities  Act, but instead each is being offered in reliance
upon the exemption from the  registration  requirement  provided by Section 4(2)
thereof and the  representations  and  warranties  made by Grantee in connection
therewith. Grantee represents that neither the Option nor the Option Shares will
be  transferred or otherwise  disposed of except in a transaction  registered or
exempt

                                       5




from  registration  under the  Securities  Laws,  and that with  respect  to any
transfer or other disposition  proposed to be made in reliance upon an exemption
from  registration,  such transfer or other disposition shall not be made unless
FloridaFirst  first  receives  an  opinion  of  counsel  in form  and  substance
reasonably acceptable to it regarding the availability of such exemption.

     7. Adjustment upon Changes in Capitalization, etc.

     (a) In the event of any change in Issuer  Common Stock by reason of a stock
dividend,  stock split,  split-up,  recapitalization,  combination,  exchange of
shares or  similar  transaction,  the type and  number  of shares or  securities
subject  to the  Option  and the  Purchase  Price  therefor  shall  be  adjusted
appropriately,  and proper  provision shall be made in the agreements  governing
such transaction so that Holder shall receive,  upon exercise of the Option, the
number and class of shares or other  securities  or property  that Holder  would
have received in respect of Issuer Common Stock if the Option had been exercised
immediately prior to such event, or the record date therefor, as applicable.  If
any  additional  shares of Issuer Common Stock are issued after the date of this
Agreement  (other than pursuant to an event  described in the first  sentence of
this Section  7(a)),  the number of shares of Issuer Common Stock subject to the
Option  shall be adjusted so that,  after such  issuance,  it, when added to the
number of shares of Issuer  Common  Stock  previously  issued  pursuant  hereto,
equals  19.9% of the number of shares of Issuer  Common  Stock  then  issued and
outstanding,  without giving effect to any shares subject to or issued  pursuant
to the Option.

     (b) In the event  that  Issuer  shall  enter  into an  agreement  (prior to
termination of the Option  pursuant to Section 3(a) hereof):  (i) to consolidate
with or merge into any person,  other than  Grantee or one of its  Subsidiaries,
and  Issuer  shall  not be the  continuing  or  surviving  corporation  of  such
consolidation or merger; (ii) to permit any person, other than Grantee or one of
its  Subsidiaries,  to merge into Issuer,  and Issuer shall be the continuing or
surviving corporation, but, in connection with such merger, the then outstanding
shares of Issuer  Common Stock shall be changed  into or exchanged  for stock or
other  securities of Issuer or any other person or cash or any other property or
the outstanding  shares of Issuer Common Stock  immediately prior to such merger
shall after such merger  represent less than 50% of the  outstanding  shares and
share equivalents of the merged company;  (iii) to permit any person, other than
Grantee or one of its Subsidiaries,  to acquire all of the outstanding shares of
Issuer Common Stock pursuant to a statutory share  exchange;  or (iv) to sell or
otherwise  transfer all or substantially all of its assets to any person,  other
than  Grantee  or one of its  Subsidiaries,  then,  and in each such  case,  the
agreement  governing such transaction  shall make proper  provisions so that the
Option shall,  upon the  consummation of any such transaction and upon the terms
and conditions set forth herein,  be converted into, or exchanged for, an option
(the "Substitute Option"), at the election of Grantee,  deemed granted by either
(x) the Acquiring  Corporation (as defined below),  (y) any person that controls
the Acquiring  Corporation,  or (z) in the case of a merger  described in clause
(ii), the Issuer (in each case, such person being referred to as the "Substitute
Option Issuer").

                                       6




     (c) The Substitute Option shall have the same terms as the Option, provided
that,  if the terms of the  Substitute  Option  cannot,  for legal  reasons,  be
identical to those of the Option, such terms shall be as similar as possible and
in no event less  advantageous  to Grantee.  The Substitute  Option Issuer shall
also enter into an agreement  with the  then-holder or holders of the Substitute
Option in substantially  the same form as this Agreement,  which agreement shall
be applicable to the Substitute Option.

     (d) The Substitute Option shall be exercisable for such number of shares of
the Substitute Common Stock (as hereinafter defined) as is equal to the Assigned
Value (as hereinafter  defined) multiplied by the number of shares of the Issuer
Common Stock for which the Option was  theretofore  exercisable,  divided by the
Average Price (as  hereinafter  defined).  The exercise  price of the Substitute
Option  per share of the  Substitute  Common  Stock  (the  "Substitute  Purchase
Price")  shall then be equal to the Purchase  Price  multiplied by a fraction in
which the numerator is the number of shares of the Issuer Common Stock for which
the Option was  theretofore  exercisable  and the  denominator  is the number of
shares for which the Substitute Option is exercisable.

     (e) The following terms have the meanings indicated:

          (i)  "Acquiring  Corporation"  shall mean the  continuing or surviving
     corporation  of a  consolidation  or merger  with  Issuer  (if  other  than
     Issuer),  Issuer in a merger in which Issuer is the continuing or surviving
     person, the corporation that shall acquire all of the outstanding shares of
     Issuer  Common  Stock  pursuant  to a  statutory  share  exchange,  or  the
     transferee  of all or  substantially  all of the  Issuer's  assets  (or the
     assets of its Subsidiaries).

          (ii)  "Substitute  Common Stock" shall mean the common stock issued by
     the Substitute Option Issuer upon exercise of the Substitute Option.

     (iii) "Assigned Value" shall mean the highest of (x) the price per share of
     the Issuer Common Stock at which a Tender Offer or Exchange  Offer therefor
     has been made by any person (other than  Grantee),  (y) the price per share
     of the  Issuer  Common  Stock  to be paid by any  person  (other  than  the
     Grantee) pursuant to an agreement with Issuer,  and (z) the highest closing
     sales price per share of Issuer Common Stock quoted on the Nasdaq  National
     Market  System  within  the  six-month  period  immediately  preceding  the
     agreement;  provided,  that in the  event  of a sale of  less  than  all of
     Issuer's  assets,  the Assigned Value shall be the sum of the price paid in
     such sale for such assets and the  current  market  value of the  remaining
     assets  of Issuer  as  determined  by a  nationally  recognized  investment
     banking  firm  selected  by Grantee  (or by a majority  in  interest of the
     Grantees if there  shall be more than one Grantee (a "Grantee  Majority")),
     divided by the number of shares of the Issuer Common Stock  outstanding  at
     the time of such sale. In the event that an exchange  offer is made for the
     Issuer  Common  Stock or an  agreement  is  entered  into  for a merger  or
     consolidation  involving  consideration  other than cash,  the value of the
     securities or other  property  issuable or  deliverable in exchange for the
     Issuer  Common  Stock  shall  be  determined  by  a  nationally  recognized
     investment  banking

                                       7




     firm mutually  selected by Grantee and Issuer (or if applicable,  Acquiring
     Corporation).  (If there shall be more than one Grantee, any such selection
     shall be made by a Grantee Majority.)

          (iv) "Average  Price" shall mean the average  closing price of a share
     of  the  Substitute  Common  Stock  for  the  one-year  period  immediately
     preceding  effectiveness of the  consolidation,  merger,  share exchange or
     sale in  question,  but in no event  higher than the  closing  price of the
     shares  of  the   Substitute   Common  Stock  on  the  day   preceding  the
     effectiveness  of such  consolidation,  merger,  share  exchange  or  sale;
     provided,  that if  Issuer  is the  issuer of the  Substitute  Option,  the
     Average  Price shall be computed  with  respect to a share of common  stock
     issued by Issuer,  the person  merging into Issuer or by any company  which
     controls or is controlled by such merger person, as Grantee may elect.

          (f) In no event  pursuant to any of the foregoing  sections  shall the
     Substitute  Option be  exercisable  for more than 19.9% of the aggregate of
     the shares of the Substitute  Common Stock outstanding prior to exercise of
     the Substitute  Option.  In the event that the  Substitute  Option would be
     exercisable  for  more  than  19.9%  of  the  aggregate  of the  shares  of
     Substitute  Common  Stock but for this clause (f),  the  Substitute  Option
     Issuer shall make a cash payment to Grantee  equal to the excess of (i) the
     value of the  Substitute  Option without giving effect to the limitation in
     this clause (f) over (ii) the value of the  Substitute  Option after giving
     effect to the limitation in this clause (f). This difference in value shall
     be determined by a nationally  recognized  investment banking firm selected
     by Grantee (or a Grantee Majority).

          (g)  Issuer  shall  not  enter  into  any  transaction   described  in
     subsection (b) of this Section 7 unless the Acquiring  Corporation  and any
     person that  controls the Acquiring  Corporation  assume in writing all the
     obligations  of Issuer  hereunder  and take all other  actions  that may be
     necessary so that the provisions of this Section 7 are given full force and
     effect (including,  without limitation, any action that may be necessary so
     that the shares of  Substitute  Common Stock are in no way  distinguishable
     from or have lesser economic value than other shares of common stock issued
     by the Substitute Option Issuer).

          (h) The  provisions  of Sections 8, 9, 10 and 11 hereof  shall  apply,
     with  appropriate  adjustments,  to any  securities  for which  the  Option
     becomes  exercisable  pursuant  to  this  Section  7  and,  as  applicable,
     references in such  sections to "Issuer,"  "Option,"  "Purchase  Price" and
     "Issuer  Common  Stock"  shall be deemed to be  references  to  "Substitute
     Option  Issuer,"  "Substitute  Option,"  "Substitute  Purchase  Price"  and
     "Substitute Common Stock," respectively.

                                       8




     8. Repurchase at the Option of Holder.

     (a) Subject to the last  sentence of Section 3(a), at the request of Holder
at any time  commencing  upon the first  occurrence  of a  Repurchase  Event (as
defined in Section  8(d)) and ending 12 months  immediately  thereafter,  Issuer
shall  repurchase  from Holder the Option and all shares of Issuer  Common Stock
purchased  by Holder  pursuant  hereto  with  respect to which  Holder  then has
beneficial  ownership.  The date on which Holder exercises its rights under this
Section 8 is referred to as the "Request Date." Such  repurchase  shall be at an
aggregate price (the "Section 8 Repurchase Consideration") equal to the sum of:

               (i) the aggregate Purchase Price paid by Holder for any shares of
          Issuer  Common  Stock  acquired by Holder  pursuant to the Option with
          respect to which Holder then has beneficial ownership;

               (ii) the excess,  if any, of (x) the Applicable Price (as defined
          below) for each  share of Issuer  Common  Stock over (y) the  Purchase
          Price (subject to adjustment pursuant to Section 7), multiplied by the
          number of shares of Issuer  Common  Stock  with  respect  to which the
          Option has not been exercised; and

               (iii)  the  excess,  if any,  of the  Applicable  Price  over the
          Purchase Price (subject to adjustment pursuant to Section 7) paid (or,
          in the case of Option Shares with respect to which the Option has been
          exercised  but the Closing Date has not  occurred,  payable) by Holder
          for each share of Issuer Common Stock with respect to which the Option
          has  been  exercised  and  with  respect  to  which  Holder  then  has
          beneficial ownership, multiplied by the number of such shares.

     (b) If Holder  exercises  its rights  under this  Section 8, Issuer  shall,
within ten business  days after the Request  Date,  pay the Section 8 Repurchase
Consideration to Holder in immediately  available  funds, and  contemporaneously
with  such  payment  Holder  shall  surrender  to  Issuer  the  Option  and  the
certificates  evidencing the shares of Issuer Common Stock purchased  thereunder
with respect to which  Holder then has  beneficial  ownership,  and Holder shall
warrant that it has sole record and beneficial ownership of such shares and that
the same are then free and clear of all liens, claims,  charges and encumbrances
of any kind whatsoever.  Notwithstanding the foregoing, to the extent that prior
notification  to or the consent or approval of any  governmental  or  regulatory
agency or  authority  is required in  connection  with the payment of all or any
portion of the Section 8 Repurchase Consideration, Holder shall have the ongoing
option to revoke its request for  repurchase  pursuant to Section 8, in whole or
in part, or to require that Issuer deliver from time to time that portion of the
Section 8 Repurchase Consideration that it is not then so prohibited from paying
and  promptly  file  the  required   notice  or  application  for  approval  and
expeditiously process the same (and each party shall cooperate with the other in
the  filing of any such  notice or  application  and the  obtaining  of any such
approval),  in  which  case the ten  business  day  period  of time  that  would
otherwise run pursuant to the preceding  sentence for the payment of the portion
of the Section 8  Repurchase  Consideration  shall run instead  from the date on
which, as the


                                       9




case may be, any required  notification period has expired or been terminated or
such  approval has been obtained  and, in either  event,  any requisite  waiting
period shall have passed.  If any governmental or regulatory agency or authority
disapproves of any part of Issuer's proposed repurchase pursuant to this Section
8, Issuer shall promptly give notice of such fact to Holder. If any governmental
or regulatory  agency or authority  prohibits the  repurchase in part but not in
whole, then Holder shall have the right (i) to revoke the repurchase  request or
(ii) to the extent permitted by such agency or authority,  determine whether the
repurchase should apply to the Option and/or Option Shares and to what extent to
each, and Holder shall thereupon have the right to exercise the Option as to the
number of Option Shares for which the Option was exercisable at the Request Date
less the sum of the  number of shares  covered by the Option in respect of which
payment  has been made  pursuant  to Section  8(a)(ii)  and the number of shares
covered by the portion of the Option (if any) that has been repurchased.  Holder
shall notify Issuer of its  determination  under the preceding  sentence  within
five business days of receipt of notice of disapproval of the repurchase.

     Notwithstanding  anything  herein to the contrary,  all of Holder's  rights
under this Section 8 shall terminate on
the date of termination of this Option pursuant to Section 3(a) hereof.

     (c) For  purposes  of this  Agreement,  the  "Applicable  Price"  means the
highest of (i) the highest  price per share of Issuer  Common Stock paid for any
such share by the person or groups described in Section 8(d)(i) hereof, (ii) the
price per share of Issuer  Common  Stock  received  by holders of Issuer  Common
Stock in connection  with any merger or other business  combination  transaction
described in Sections 7(b)(i), 7(b)(ii),  7(b)(iii) or 7(b)(iv) hereof, or (iii)
the highest  closing  sales price per share of Issuer Common Stock quoted on the
Nasdaq  National  Market  System (or if Issuer Common Stock is not quoted on the
Nasdaq National Market System,  the highest bid price per share as quoted on the
principal trading market or securities  exchange on which such shares are traded
as reported by a recognized source chosen by Holder) during the 60 business days
preceding the Request Date;  provided,  however,  that in the event of a sale of
less than all of Issuer's  assets,  the Applicable Price shall be the sum of the
price paid in such sale for such  assets  and the  current  market  value of the
remaining assets of Issuer as determined by an independent nationally recognized
investment  banking firm selected by Holder and reasonably  acceptable to Issuer
(which  determination  shall be conclusive for all purposes of this  Agreement),
divided by the number of shares of the Issuer  Common Stock  outstanding  at the
time of such sale. If the consideration to be offered, paid or received pursuant
to either of the foregoing  clauses (i) or (ii) shall be other than in cash, the
value of such consideration  shall be determined in good faith by an independent
nationally  recognized investment banking firm selected by Holder and reasonably
acceptable to Issuer,  which  determination shall be conclusive for all purposes
of this Agreement.

     (d) As used herein, "Repurchase Event" shall occur if (i) any person (other
than  Grantee  or any  Subsidiary  of  Grantee)  or "group"  (as  defined in the
Exchange  Act) shall have  acquired  beneficial  ownership of 50% or more of the
then-outstanding  shares

                                       10



of Issuer Common  Stock,  or (ii) any of the  transactions  described in Section
7(b)(i), 7(b)(ii), 7(b)(iii) or 7(b)(iv) shall be consummated.

     9. Registration Rights.

     (a)  For  a  period  of 24  months  following  termination  of  the  Merger
Agreement,  Issuer shall,  subject to the conditions of subsection (c) below, if
requested by any Holder,  including Grantee and any permitted  transferee of the
Option Shares ("Selling Holder"),  as expeditiously as possible prepare and file
a  registration  statement  under the  Securities  Laws if necessary in order to
permit the sale or other disposition of any or all shares of Issuer Common Stock
or other securities that have been acquired by or are issuable to Selling Holder
upon  exercise of the Option in accordance  with the intended  method of sale or
other  disposition  stated by the  Selling  Holder in such  request,  including,
without limitation,  a "shelf"  registration  statement under Rule 415 under the
Securities Act or any successor provision, and Issuer shall use its best efforts
to qualify such shares or other  securities for sale under any applicable  state
securities laws.

     (b) If Issuer at any time  after the  exercise  of the Option  proposes  to
register  any  shares of  Issuer  Common  Stock  under  the  Securities  Laws in
connection  with an  underwritten  public  offering of such Issuer Common Stock,
Issuer will  promptly  give written  notice to Holder of its  intention to do so
and,  upon the written  request of Holder given within 30 days after  receipt of
any such  notice  (which  request  shall  specify the number of shares of Issuer
Common Stock  intended to be included in such  underwritten  public  offering by
Selling Holder),  Issuer will cause all such shares,  the holders of which shall
have  requested  participation  in such  registration,  to be so registered  and
included in such underwritten public offering;  provided,  that Issuer may elect
to cause any such shares not to be so registered (i) if the underwriters in good
faith object for a valid business reason,  or (ii) in the case of a registration
solely to implement a dividend reinvestment or similar plan, an employee benefit
plan  or  a  registration  filed  on  Form  S-4  or  any  successor  form,  or a
registration  filed on a form  which does not permit  registration  of  resales;
provided further, that such election pursuant to clause (i) may be made only one
time.  If some but not all the shares of Issuer  Common  Stock,  with respect to
which Issuer shall have  received  requests  for  registration  pursuant to this
subsection  (b),  shall be excluded  from such  registration,  Issuer shall make
appropriate  allocation of shares to be registered among Selling Holders and any
other person  (other than Issuer or any person  exercising  demand  registration
rights  in  connection  with such  registration)  who or which is  permitted  to
register   their  shares  of  Issuer  Common  Stock  in  connection   with  such
registration  pro rata in the proportion that the number of shares  requested to
be  registered  by each  Selling  Holder  bears to the  total  number  of shares
requested to be  registered  by all persons then  desiring to have Issuer Common
Stock registered for sale.

     (c) Issuer  shall use all  reasonable  efforts  to cause each  registration
statement  referred to in subsection (a) above to become effective and to obtain
all consents or waivers of other parties which are required therefor and to keep
such  registration  statement  effective;  provided,  that  Issuer may delay any
registration  of Option Shares  required  pursuant to subsection (a) above for a
period  not  exceeding  90 days in the event

                                       11



that  Issuer  shall in good faith  determine  that any such  registration  would
adversely  affect an offering or  contemplated  offering of other  securities by
Issuer,  and Issuer  shall not be required to register  Option  Shares under the
Securities Laws pursuant to subsection (a) above:

          (i) prior to the occurrence of a Purchase Event;

          (ii) on more than two occasions;

          (iii) more than once during any calendar year;

          (iv)  within  90 days  after  the  effective  date  of a  registration
     referred to in subsection (b) above  pursuant to which the Selling  Holders
     concerned  were afforded the  opportunity to register such shares under the
     Securities Laws and such shares were registered as requested; and

          (v) unless a request  therefor  is made to Issuer by  Selling  Holders
     holding at least 25% or more of the aggregate  number of Option Shares then
     outstanding.

     In addition to the foregoing,  Issuer shall not be required to maintain the
effectiveness of any registration  statement after the expiration of nine months
from the effective  date of such  registration  statement.  Issuer shall use all
reasonable efforts to make any filings, and take all steps, under all applicable
state  securities  laws to the  extent  necessary  to  permit  the sale or other
disposition  of the Option Shares so registered in accordance  with the intended
method of  distribution  for such  shares;  provided,  that Issuer  shall not be
required  to consent to general  jurisdiction  or qualify to do  business in any
state where it is not otherwise  required to so consent to such  jurisdiction or
to so qualify to do business.

     (d) Except where applicable state law prohibits such payments,  Issuer will
pay all expenses (including without limitation registration fees,  qualification
fees,  blue sky fees and expenses  (including the fees and expenses of counsel),
accounting expenses,  legal expenses,  including reasonable fees and expenses of
one counsel to the Selling  Holders  whose Option  Shares are being  registered,
printing expenses, reasonable expenses of underwriters,  excluding discounts and
commissions  but  including  liability  insurance  if Issuer so  desires  or the
underwriters  so require,  and the reasonable fees and expenses of any necessary
special experts) in connection with each registration pursuant to subsection (a)
or (b) above (including the related  offerings and sales by Selling Holders) and
all other qualifications, notifications or exemptions pursuant to subsection (a)
or (b) above.  Underwriting  discounts and commissions relating to Option Shares
and any other expenses  incurred by such Selling  Holders in connection with any
such registration shall be borne by such Selling Holders.

     (e) In connection with any  registration  under subsection (a) or (b) above
Issuer hereby  indemnifies the Selling Holders,  and each  underwriter  thereof,
including

                                       12





each person, if any, who controls such holder or underwriter  within the meaning
of Section 15 of the  Securities  Act,  against all  expenses,  losses,  claims,
damages  and  liabilities  caused by any untrue  statement  of a  material  fact
contained  in any  registration  statement  or  prospectus  or  notification  or
offering  circular  (including  any  amendments or  supplements  thereto) or any
preliminary  prospectus,  or caused by any omission to state  therein a material
fact required to be stated therein or necessary to make the  statements  therein
not  misleading,  except insofar as such expenses,  losses,  claims,  damages or
liabilities  of such  indemnified  party are caused by any untrue  statement  or
alleged  untrue  statement or omission or alleged  omission that was included by
Issuer in any such  registration  statement or  prospectus  or  notification  or
offering circular (including any amendments or supplements  thereto) in reliance
upon and in conformity with,  information furnished in writing to Issuer by such
indemnified  party  expressly  for use  therein,  and Issuer  and each  officer,
director and  controlling  person of Issuer shall be indemnified by such Selling
Holder,  or by such  underwriter,  as the  case may be,  for all such  expenses,
losses,  claims,  damages and liabilities caused by any untrue or alleged untrue
statement  or omission or alleged  omission  that was  included by Issuer in any
such  registration  statement or prospectus or notification or offering circular
(including  any  amendments or  supplements  thereto) in reliance  upon,  and in
conformity  with,  information  furnished in writing to Issuer by such holder or
such underwriter, as the case may be, expressly for such use.

     Promptly upon receipt by a party  indemnified  under this subsection (e) of
notice of the  commencement  of any action  against  such  indemnified  party in
respect  of  which  indemnity  or  reimbursement   may  be  sought  against  any
indemnifying  party under this  subsection  (e),  such  indemnified  party shall
notify the indemnifying party in writing of the commencement of such action, but
the  failure so to notify the  indemnifying  party  shall not  relieve it of any
liability  which it may  otherwise  have to any  indemnified  party  under  this
subsection (e). In case notice of commencement of any such action shall be given
to the indemnifying  party as above provided,  the  indemnifying  party shall be
entitled  to  participate  in and, to the extent it may wish,  jointly  with any
other  indemnifying  party  similarly  notified,  to assume the  defense of such
action at its own expense,  with counsel chosen by it and  satisfactory  to such
indemnified party. The indemnified party shall have the right to employ separate
counsel in any such action and participate in the defense thereof,  but the fees
and  expenses of such counsel  (other than  reasonable  costs of  investigation)
shall be paid by the indemnified party unless (i) the indemnifying  party agrees
to pay them,  (ii) the  indemnifying  party  fails to assume the defense of such
action  with  counsel  satisfactory  to the  indemnified  party,  or  (iii)  the
indemnified  party has been advised by counsel  that one or more legal  defenses
may be available to the indemnifying  party that may be contrary to the interest
of the indemnified party, in which case the indemnifying party shall be entitled
to assume the defense of such action notwithstanding its obligation to bear fees
and  expenses of such  counsel.  No  indemnifying  party shall be liable for any
settlement  entered  into  without  its  consent,   which  consent  may  not  be
unreasonably withheld.

     If the indemnification  provided, for in this subsection (e) is unavailable
to a party  otherwise  entitled to be  indemnified  in respect of any  expenses,
losses, claims,

                                       13



damages or liabilities  referred to herein, then the indemnifying party, in lieu
of  indemnifying  such  party  otherwise  entitled  to  be  indemnified,   shall
contribute  to the amount paid or payable by such party to be  indemnified  as a
result  of  such  expenses,  losses,  claims,  damages  or  liabilities  in such
proportion  as is  appropriate  to reflect  the  relative  benefits  received by
Issuer,  all  Selling  Holders  and the  underwriters  from the  offering of the
securities  and also the relative fault of Issuer,  all Selling  Holders and the
underwriters  in connection  with the statements or omissions  which resulted in
such expenses,  losses,  claims,  damages or  liabilities,  as well as any other
relevant  equitable  considerations.  The amount paid or payable by a party as a
result of the expenses,  losses,  claims,  damages and  liabilities  referred to
above shall be deemed to include any legal or other fees or expenses  reasonably
incurred by such party in connection with  investigating or defending any action
or claim; provided, that in no case shall any Selling Holder be responsible,  in
the  aggregate,   for  any  amount  in  excess  of  the  net  offering  proceeds
attributable to its Option Shares included in the offering.  No person guilty of
fraudulent  misrepresentation  (within  the  meaning  of  Section  11(f)  of the
Securities  Act) shall be entitled to  contribution  from any person who was not
guilty of such  fraudulent  misrepresentation.  Any  obligation by any holder to
indemnify shall be several and not joint with other holders.

     In  connection  with any  registration  pursuant to  subsection  (a) or (b)
above,  Issuer and each Selling  Holder (other than Grantee) shall enter into an
agreement containing the indemnification provisions of this subsection (e).

     (f) Issuer shall  comply with all  reporting  requirements  and will do all
such other things as may be necessary to permit the expeditious sale at any time
of any Option Shares by the Selling Holders in accordance with and to the extent
permitted by any rule or regulation  promulgated by the Commission  from time to
time,  including,  without  limitation,  Rules 144 and 144A. Issuer shall at its
expense provide the Selling Holders with any information necessary in connection
with the  completion  and filing of any reports or forms required to be filed by
them under the  Securities  Laws, or required  pursuant to any state  securities
laws or the rules of any stock exchange.

     (g) Issuer will pay all stamp taxes in connection with the issuance and the
sale of the Option Shares and in connection with the exercise of the Option, and
will save Holder harmless,  without  limitation as to time,  against any and all
liabilities, with respect to all such taxes.

     10. Quotation;  Listing.  If Issuer Common Stock or any other securities to
be acquired  upon  exercise of the Option are then  authorized  for quotation or
trading or listing on the Nasdaq National Market System or any other  securities
exchange or any automated  quotations  system  maintained  by a  self-regulatory
organization,  Issuer  will  promptly  file  an  application,  if  required,  to
authorize  for quotation or trading or listing the shares of Issuer Common Stock
or other  securities  to be acquired  upon  exercise of the Option on the Nasdaq
National  Market  System  or any  other  securities  exchange  or any  automated
quotations system maintained by a self-regulatory  organization and will use its

                                       14



best efforts to obtain  approval,  if required,  of such quotation or listing as
soon as practicable.

     11.  Division of Option.  This Agreement (and the Option granted hereby) is
exchangeable,  without expense,  at the option of Holder,  upon presentation and
surrender  of this  Agreement  at the  principal  office  of  Issuer  for  other
Agreements providing for Options of different denominations entitling the holder
thereof to purchase in the  aggregate the same number of shares of Issuer Common
Stock purchasable  hereunder.  The terms "Agreement" and "Option" as used herein
include any other  Agreements and related  Options for which this Agreement (and
the Option granted hereby) may be exchanged.  Upon receipt by Issuer of evidence
reasonably  satisfactory to it of the loss, theft,  destruction or mutilation of
this  Agreement,  and (in the case of loss,  theft or destruction) of reasonably
satisfactory  indemnification,  and  upon  surrender  and  cancellation  of this
Agreement, if mutilated, Issuer will execute and deliver a new Agreement of like
tenor and date. Any such new Agreement  executed and delivered shall  constitute
an additional  contractual  obligation on the part of Issuer, whether or not the
Agreement  so  lost,  stolen,  destroyed  or  mutilated  shall  at any  time  be
enforceable by anyone.

     12. Total Profit.

     (a)  Notwithstanding  any other  provision of this  Agreement,  in no event
shall the Grantee's Total Profit (as hereinafter defined) exceed $8,717,904 (the
"Maximum Profit") and, if it otherwise would exceed such amount, the Grantee, at
its sole election, shall either (i) reduce the number of shares of Issuer Common
Stock  subject to this Option,  (ii) deliver to Issuer for  cancellation  Option
Shares  previously  purchased by Grantee valued at fair market value at the time
of delivery,  (iii) pay cash to Issuer,  (iv)  increase or otherwise  adjust the
Purchase  Price or any portion  thereof,  (v) reduce the amount of the Section 8
Repurchase  Consideration,  or (vi) any  combination  thereof so that  Grantee's
actually  realized Total Profit shall not exceed the Maximum Profit after taking
into account the foregoing actions.

     (b) Notwithstanding any other provision of this Agreement,  this Option may
not be  exercised  for a number of shares as would,  as of the date of exercise,
result in a Notional  Total  Profit (as defined  below) of more than the Maximum
Profit and, if exercise of the Option would  otherwise  result in Notional Total
Profit in excess of such amount,  Grantee in its  discretion may take any of the
actions  specified in Section 12(a) so that the Notional  Total Profit shall not
exceed  the  Maximum  Profit;  provided,  that  nothing in this  sentence  shall
restrict any exercise of the Option permitted hereby on any subsequent date.

     (c) As used herein, the term "Total Profit" shall mean the aggregate amount
(before  taxes,  and reduced by the  aggregate  value of Option  Shares and cash
previously  delivered  to Issuer  pursuant  to  (a)(ii)  or (iii)  above) of the
following: (i) the amount received by Grantee pursuant to Issuer's repurchase of

                                       15



the  Option  (or any  portion  thereof)  pursuant  to Section 8, (ii) the amount
received by Grantee pursuant to Issuer's repurchase of Option Shares pursuant to
Section 8, less the Grantee's  purchase price for such Option Shares,  (iii) the
net (after  reduction  for  applicable  commissions,  fees and  discounts)  cash
amounts and fair market  value of property  received by Grantee  pursuant to the
sale of Option Shares (or any other securities into which such Option Shares are
converted or exchanged) to any unaffiliated  party, less the Grantee's  purchase
price for such  Option  Shares,  (iv) any  amounts  received  by  Grantee on the
transfer of the Option (or any portion thereof) to any  unaffiliated  party, and
(v) any amount  equivalent  to the  foregoing  with  respect  to the  Substitute
Option.

     (d) As used herein,  the term  "Notional  Total Profit" with respect to any
number of shares as to which  Grantee may propose to exercise  this Option shall
be the Total Profit determined as of the date of such proposed exercise assuming
that this  Option  were  exercised  on such date for such  number of shares  and
assuming that such shares, together with all other Option Shares held by Grantee
and its  affiliates  as of such date,  were sold for cash at the closing  market
price for the Issuer  Common Stock as of the close of business on the  preceding
trading day (less customary brokerage commissions).

       13.    Miscellaneous.

     (a) Expenses.  Except as otherwise  provided,  herein,  each of the parties
hereto shall bear and pay all costs and expenses incurred by it or on its behalf
in connection with the transactions  contemplated hereunder,  including fees and
expenses of its own financial consultants,  investment bankers,  accountants and
counsel.

     (b) Waiver and Amendment.  Any provision of this Agreement may be waived at
any time by the party that is entitled to the benefits of such  provision.  This
Agreement may not be modified,  amended, altered or supplemented except upon the
execution and delivery of a written agreement executed by the parties hereto.

     (c)  Entire  Agreement;  No  Third-Party  Beneficiary;  Severability.  This
Agreement,  together  with the  Merger  Agreement  and the other  documents  and
instruments  referred  to herein and  therein,  between  Grantee  and Issuer (a)
constitutes  the  entire  agreement  and  supersedes  all prior  agreements  and
understandings,  both written and oral,  between the parties with respect to the
subject  matter  hereof and (b) is not  intended to confer upon any person other
than the parties hereto (other than any  transferees of the Option Shares or any
permitted  transferee  of this  Agreement  pursuant to Section 13(h) hereof) any
rights or remedies hereunder. If any term, provision, covenant or restriction of
this  Agreement  is held by a court of  competent  jurisdiction  or a federal or
state  governmental  or  regulatory  agency or authority to be invalid,  void or
unenforceable,   the   remainder  of  the  terms,   provisions,   covenants  and
restrictions  of this Agreement  shall remain in full force and effect and shall
in no way be affected,  impaired or invalidated. If for any reason such court or
regulatory  agency determines that the Option does not permit Holder to acquire,
or does not require  Issuer to  repurchase,  the full number of shares of Issuer
Common  Stock as provided,  in Sections 3 and 8 hereof (as adjusted  pursuant to
Section 7 hereof),  it is the  express  intention  of Issuer to allow  Holder to

                                       16



acquire or to require  Issuer to repurchase  such lesser number of shares as may
be permissible without any amendment or modification hereof.

     (d) Governing  Law. This  Agreement  shall be governed by and construed and
enforced  in  accordance  with the laws of the State of North  Carolina  without
regard to any applicable  conflicts of law rules,  except to the extent that the
federal laws of the United States shall govern.

     (e) Descriptive Headings. The descriptive headings contained herein are for
convenience  of  reference  only and shall not affect in any way the  meaning or
interpretation of this Agreement.

     (f) Notices.  All notices and other  communications  hereunder  shall be in
writing and shall be deemed  given if  delivered  personally,  telecopied  (with
confirmation)  or  mailed  by  registered  or  certified  mail  (return  receipt
requested) to the parties at the addresses set forth in the Merger Agreement (or
at such other address for a party as shall be specified by like notice).

     (g) Counterparts.  This Agreement and any amendments hereto may be executed
in two  counterparts,  each of  which  shall  be  considered  one  and the  same
agreement and shall become effective when both counterparts have been signed, it
being understood that both parties need not sign the same counterpart.

     (h)  Assignment;  Transfer.  Neither this  Agreement nor any of the rights,
interests  or  obligations  hereunder  or under the Option  shall be assigned or
transferred  by  any of the  parties  hereto  (whether  by  operation  of law or
otherwise)  without the prior  written  consent of the other party,  except that
Grantee may assign this  Agreement to a wholly owned  subsidiary  of Grantee and
Grantee may assign or transfer  its rights  hereunder  in whole or in part after
the occurrence of a Purchase Event.  In the case of any permitted  assignment or
transfer of the Option,  Issuer shall do all things  necessary to facilitate the
same,  and the Holder to whom the Option is assigned or  transferred  shall make
the  representations  contained in Section 6 hereof (with Holder substituted for
Grantee) and shall agree in writing to the terms and conditions hereof.  Subject
to the preceding  sentence,  this Agreement shall be binding upon,  inure to the
benefit of and be enforceable by the parties and their respective successors and
assigns.

     (i)  Further  Assurances.  In the event of any  exercise  of the  Option by
Holder,  Issuer and Holder  shall  execute and deliver all other  documents  and
instruments and take all other action that may be reasonably  necessary in order
to consummate the transactions provided for by such exercise.

                                       17




     (j) Specific Performance.  The parties hereto agree that this Agreement may
be enforced by either party through specific performance,  injunctive relief and
other equitable relief.  Both parties further agree to waive any requirement for
the securing or posting of any bond in connection with the obtaining of any such
equitable  relief  and that this  provision  is without  prejudice  to any other
rights  that the  parties  hereto  may  have for any  failure  to  perform  this
Agreement.

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                                       18