PRESSTEK, INC.
                     NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN

1.   Purpose.

     The Non-Employee Director Stock Option Plan (the "Plan") is established to
attract, retain and compensate for service highly qualified individuals who are
not current employees of Presstek, Inc. (the "Company") as members of the Board
of Directors and to enable them to benefit from the growth of the Company
through their ownership in the Company's common stock, .01 par value (the
"Common Stock"). The Plan will be beneficial to the Company and its stockholders
since it will allow these directors to have a greater personal financial stake
in the Company through the ownership of Common Stock, in addition to
underscoring their common interest with stockholders in increasing the value of
the Company's Common Stock over the long term.

2.   Eligibility.

     All members of the Company's Board of Directors (other than Robert Howard
and Dr. Lawrence Howard) who are not current employees of the Company or any of
its subsidiaries ("Non-Employee Directors") are eligible to participate in this
Plan.

3.   Scope and Duration.

     Only a non-qualified stock option ("NQSO") may be granted under this Plan.
The maximum aggregate number of shares as to which options may be granted from
time to time under the Plan is 50,000 shares of Common Stock, which shares may
be, in whole or in part, authorized but unissued shares or shares reacquired by
the Company. If an option shall expire, terminate or be surrendered for
cancellation for any reason without having been exercised in full, the shares
represented by the option or portion thereof not so exercised shall (unless the
Plan shall have been terminated) become available for subsequent option grants
under the Plan. As provided in paragraph 15 hereof, the Plan shall become
effective on December 31, 1993 and the Plan shall terminate on December 31,
2003, and no option shall be granted hereunder after that date.

4.   Anti-Dilution Adjustments.

     Notwithstanding any other provision of the Plan, the Board of Directors
may, at any time, make or provide for such adjustments to the Plan, to the
number and class of shares issuable thereunder or to any outstanding options as
it shall deem appropriate to prevent dilution or enlargement of rights,



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including adjustments in the event of changes in the outstanding Common Stock by
reason of stock dividends, split-ups, recapitalizations, mergers,
consolidations, combinations or exchanges of shares, separations,
reorganizations, liquidations and the like. In the event of any offer to holders
of Common Stock generally relating to the acquisition of their shares, the Board
of Directors may make such adjustment as it deems equitable in respect of
outstanding options and rights, including, in its discretion, revision of
outstanding options and rights so that they may be exercisable for the
consideration payable in the acquisition transaction. Any such determination by
the Board of Directors shall be conclusive. Any fractional shares resulting from
such adjustments shall be eliminated.

5.   Grants of Non-qualified Stock Options.

     (a) On the first day of each calendar year that is not a legal holiday,
each individual elected and continuing as a Non-Employee Director shall
automatically receive an NQSO entitling such person to purchase 2,500 shares of
Common Stock.

     (b) In addition to the provisions of subparagraph 5(a) above, a newly
elected director shall automatically receive, on the date such person is first
elected to the Board of Directors of the Company, an NQSO entitling such person
to purchase 5,000 shares of Common Stock.

     (c) Notwithstanding the foregoing provisions of subparagraphs 5(a) and 5(b)
above, if, on the date such director is scheduled to receive a stock option
counsel to the Company determines, in his/her sole discretion, that the Company
is in possession of material, undisclosed information about the Company, then
the grant of NQSO's to Non-Employee Directors provided above shall be suspended
until the second business day after public dissemination of such information and
the price, exercisability date and option period shall then be determined by
reference to such later date.

     (d) In addition to the provisions of subparagraphs 5(a) and 5(b) above, the
Board of Directors of the Company shall have plenary power in its discretion, to
grant additional NQSO's to any Non-Employee Director, the terms and conditions
of each such NQSO to be determined by the Board of Directors subject to the
other provisions of this Plan (other than Paragraphs 5(a-c).

     (e) During the term of the Plan, the Board of Directors may offer one or
more option holders the opportunity to surrender any or all unexpired NQSO's for
cancellation or replacement. If any options are so surrendered, the Board of
Directors may then grant new NQSO's to such holders for the same or different
numbers of shares of Common Stock at higher or lower exercise prices than the
surrendered NQSO's. Such new NQSO's may have the same or a different term as the
NQSO's so surrendered.


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6.   Option Exercise Price.

     The exercise price of the NQSO shall be 100% of the Fair Market Value (as
defined in paragraph 14 below) of a share of Common Stock on the date on which
the option is granted.

7.   Option Period.

     An NQSO granted under this Plan shall become exercisable one year after
date of grant and shall expire five years after date of grant ("Option Period")
subject to earlier termination as provided in paragraphs 9 and 10 below.
Notwithstanding the foregoing, the Board may modify the vesting Schedule and
Option Period provided herein provided that any such change is consistent with
Rule 16b-3 promulgated under the Securities Exchange Act of 1934 (the "Act").

8.   Payment and Exercise.

     (a) An NQSO granted under this Plan may be exercised, at any time or from
time to time, as to any or all full shares as to which the option has become
exercisable until the expiration of the Option Period by the delivery to the
Company, at its principal place of business in Hudson, New Hampshire, of (i)
written notice of exercise in the form specified by the Board of Directors
specifying the number of shares of Common Stock with respect to which the option
is being exercised and signed by the person exercising the option as provided
herein, (ii) payment of the NQSO exercise price; and (iii) payment in cash of
all withholding tax obligations imposed on the Company by reason of the exercise
of the option. Upon acceptance of such notice, receipt of payment in full, and
receipt of payment of all withholding tax obligations, the Company shall cause
to be issued a certificate representing the shares of Common Stock purchased. In
the event the person exercising the option delivers the items specified in (i)
and (ii), but not the item specified in subparagraph (iii) above, the option
shall still be considered exercised upon acceptance by the Company for the full
number of shares of Common Stock specified in the notice of exercise but the
actual number of shares issued shall be reduced by the smallest number of whole
shares of Common Stock which, when multiplied by the Fair Market Value (as
defined in paragraph 14 below) of the Common Stock as of the date the option is
exercised, is sufficient to satisfy the required amount of the withholding tax.

     (b) The purchase price of the shares as to which an NQSO is exercised shall
be paid in full at the time of exercise. Payment shall be made in cash, which
may be paid by check or other instrument acceptable to the Company; in addition,
subject to compliance with applicable laws and regulations and such conditions
as the Board of Directors may impose, the Board of Directors, in its sole
discretion, may on a case-by-case basis


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elect to accept payment in shares of Common Stock of the Company which are
already owned by the option holder, valued at the Fair Market Value thereof (as
defined in paragraph 14 below) on the date of exercise; provided, however, that
no such discretion may be exercised unless the option agreement permits the
payment of the purchase price in that manner.

     (c) Any option at any time granted under this Plan may contain a provision
to the effect that the optionee (or any persons entitled to act under paragraph
10 hereof) may, at any time at which Fair Market Value is in excess of the
exercise price and prior to exercising the option, in whole or in part, request
that the Company purchase all or any portion of the option as shall then be
exercisable at a price equal to the difference between (i) an amount equal to
the option exercise price multiplied by the number of shares subject to that
portion of the option in respect of which such request shall be made and (ii) an
amount equal to such number of shares multiplied by the fair market value of the
Company's Common Stock (within the meaning of Section 422 of the Code and the
treasury regulations promulgated thereunder) on the date of purchase. The
Company shall have no obligation to make any purchase pursuant to such request,
but if it elects to do so, such portion of the option as to which the request is
made shall be surrendered to the Company. The purchase price for the portion of
the option to be so surrendered shall be paid by the Company, at the election of
the Board of Directors, either in cash or in shares of Common Stock (valued as
of the date and in the manner provided in clause (ii) above), or in any
combination of cash and Common Stock, which may consist, in whole or in part, of
shares authorized but unissued Common Stock or shares of Common Stock held in
the Company's treasury. No fractional share of Common Stock shall be issued or
transferred and any fractional share shall be disregarded. Shares covered by
that portion of any option purchased by the Company pursuant hereto and
surrendered to the Company shall not be available for the granting of further
options under the plan. All determinations to be made by the Company hereunder
shall be made by the Board of Directors.

9.   Cessation of Service.

     Upon cessation of service as a Non-Employee Director (for reasons other
than death or termination for "cause"), only those NQSO's immediately
exercisable at the date of cessation of service shall be exercisable by the
grantee. Such NQSO's must be exercised within thirty (30) days of cessation of
service (but in no event after the expiration of the Option Period) or they
shall be forfeited. In the event that a Non-Employee Director is removed form
office for "cause", which shall mean conduct amounting to fraud, dishonesty or
negligence in the performance of his duties as a director, in the opinion of the
Company, the right to exercise an NQSO shall automatically terminate on the date
of removal.


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10.  Death.

     Upon the death of a Non-Employee Director, only those NQSO's which were
exercisable on the date of death shall be exercisable by his/her legal
representatives or heirs. Such NQSO's must be exercised within one year from
date of death (but in no event after the expiration of the Option Period) or
they shall be forfeited.

11.  Administration and Amendment of the Plan.

     This Plan shall be administered by the Board of Directors of the Company.
This Plan may be terminated or amended by the Board of Directors as they deem
advisable. However, an amendment revising the price, date of exercisability,
option period of, or amount of shares under an NQSO shall not be made more
frequently than every six months unless necessary to comply with the Internal
Revenue Code of 1986, as amended. No amendment may revoke or alter in a manner
unfavorable to the grantees any NQSO's then outstanding, nor may the Board amend
this Plan without stockholder approval where the absence of such approval would
cause the Plan to fail to comply with Rule 16b-3 under the Act, or any other
requirement of applicable law or regulation. An NQSO may not be granted under
this Plan after December 31, 2003 but NQSO's granted prior to that date shall
continue to become exercisable and may be exercised according to their terms.

12.  Non-transferability.

     No NQSO granted under this Plan is transferable other than by will or the
laws of descent and distribution. During the grantee's lifetime, an NQSO may
only be exercised by the grantee or the grantee's guardian or legal
representative.

13.  Compliance with SEC Regulations.

     It is the Company's intent that the Plan comply in all respects with Rule
16b-3 of the Act and any regulations promulgated thereunder. If any provision of
this Plan is later found not to be in compliance with said Rule, the provisions
shall be deemed null and void. All grants and exercises of NQSO's under this
Plan shall be executed in accordance with the requirements of Section 16 of the
Act, as amended, and any regulations promulgated thereunder.

14.  Miscellaneous.

     As said term is used in the Plan, the "Fair Market Value" of a share of
Comon Stock on any day means: (a) if the principal market for the Common Stock
is a national securities exchange or the National Association of Securities
Dealers, Inc. Automated Quotation System ("NASDAQ"), the closing sales price of
the Common Stock on such day as reported by such exchange or


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market system, or on a consolidated tape reflecting transactions on such
exchange or market system, or (b) if the principal market for the Common Stock
is not a national securities exchange or NASDAQ the mean between the highest bid
and lowest asked prices for the Common Stock on such day as reported by the
National Quotation Bureau, Inc.; provided that if clauses (a) and (b) of this
paragraph are all inapplicable, or if no trades have been made or no quotes are
available for such day, the Fair Market Value of the Common Stock shall be
determined by the Board of Directors whose determination shall be conclusive as
to the Fair Market Value of the Common Stock.

     The Board of Directors may require, as a condition to the exercise of any
options granted under the Plan, that to the extent required at the time of
exercise, (i) the shares of Common Stock reserved for purposes of the Plan shall
be duly listed, upon official notice of issuance, upon stock exchange(s) on
which the Common Stock is listed, (ii) a registration statement under the
Securities Act of 1933, as amended, with respect to such shares shall be
effective, and/or (iii) the person exercising such option deliver to the Company
such documents, agreements and investment and other representations as the Board
of Directors shall determine to be in the best interests of the Company. The
Company shall be under no obligation to file a registration statement or make an
exemption from registration available to the holder of any option granted under
the Plan.

15.  Effective Date.

     The Plan shall become effective on December 31, 1993 the date of adoption
by the Board of Directors, provided it is approved by the stockholders of the
Company on or before December 31, 1994.

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