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Preheat oven to 350 degrees.
Microwave chocolate and butter in a large microwavable bowl on HIGH for 2 minutes or until butter is melted. Stir until chocolate is completely melted.
Stir in sugar until well blended. Add eggs, one at a time, beating with an electric mixer on low speed until well blended after each addition. Stir in vanilla. Add ? cup of the flour, and baking soda; mix well. Add remaining cup of flour alternately with water, beating until well blended after each addition. Pour evenly into 1 greased and floured 9-inch cake pan.
Bake for 30 minutes or until toothpick inserted into center comes out clean. Cool 10 minutes; remove from pan. Cool completely on a wire rack and drizzle with chocolate glaze.
To make chocolate glaze: Combine all ingredients and microwave on HIGH 1 to 2 minutes, or until mixture is melted. Stir until well blended and drizzle on top of cooled cake.
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