Exhibit 10.5

META GROUP, INC.
AMENDED AND RESTATED
1995 NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN

1.Purpose.This non-qualified stock option plan, to be known as the Amended and Restated 1995
Non-Employee Director Stock Option Plan (hereinafter, this "Plan"), is intended to promote the interests of META Group, Inc. (hereinafter, the "Company") by providing an inducement
to obtain and retain the services of qualified persons who are not employees or officers of the Company to serve as members of its Board of Directors (the "Board").

2.Available Shares.The total number of shares of Common Stock, par value $0.01 per share, of the Company (the
"Common Stock") for which options may be granted under this Plan shall not exceed 350,000 shares, subject to adjustment in accordance with paragraph 10 of this Plan. Shares subject to this Plan
are authorized but unissued shares or shares that were once issued and subsequently reacquired by the Company. If any options granted under this Plan are surrendered before exercise or lapse without
exercise, in whole or in part, the shares reserved therefor shall continue to be available under this Plan.

3.Administration.This Plan shall be administered by the Board or by a committee appointed by the Board (the
"Committee"). In the event the Board fails to appoint or refrains from appointing a Committee, the Board shall have all power and authority to administer this Plan. In such event, the word "Committee"
wherever used herein shall be deemed to mean the Board. The Committee shall, subject to the provisions of the Plan, have the power to construe this Plan, to determine all questions hereunder, and to
adopt and amend such rules and regulations for the administration of this Plan as it
may deem desirable. No member of the Board or the Committee shall be liable for any action or determination made in good faith with respect to this Plan or any option granted under it.

4.Automatic Grant of Options.Subject to the availability of shares under this Plan,

(a)
each person who first becomes a member of the Board after the effective date of an initial public offering of the Company's Common Stock and who is not an employee or officer of the
Company (a "Non-Employee Director") shall be automatically granted on the date such person becomes a member of the Board, without further action by the Board, an option to purchase 15,000
shares of the Common Stock, and

(b)
after the effective date of an initial public offering of the Company's Common Stock, each person who is a Non-Employee Director on each successive one-year
anniversary (during the term of this Plan) of the date of such person's first election to the Board shall be automatically granted on each such date an option to purchase 7,500 shares of the Common
Stock.

The
options to be granted under this paragraph 4 shall be the only options ever to be granted at any time to such member under this Plan.

5.Option Price.The purchase price of the stock covered by an option granted pursuant to this Plan shall be
100% of the fair market value of such shares on the day the option is granted. The option price will be subject to adjustment in accordance with the provisions of paragraph 10 of this Plan. For
purposes of this Plan, if, at the time an option is granted under the Plan, the Company's Common Stock is publicly traded, "fair market value" shall be determined as of the date of such grant or, if
such prices or quotes discussed in this sentence are unavailable for such date, the last business day for which the prices or quotes discussed in this sentence are available prior to the date of grant
and shall mean (i) the average (on that date) of the high and low prices of the Common Stock on the

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principal national securities exchange on which the Common Stock is traded, if the Common Stock is then traded on a national securities exchange; or (ii) the last reported sale price (on that
date) of the Common Stock on the Nasdaq National Market, if the Common Stock is not then traded on a national securities exchange; or (iii) the closing bid price (or average of bid prices) last
quoted (on that date) by an established quotation service for over-the-counter securities, if the Common Stock is not reported on the Nasdaq National Market. If the Common
Stock is not publicly traded at the time an option is granted under the Plan, "fair market value" shall mean the fair value of the Common Stock as determined by the Committee after taking into
consideration all factors which it deems appropriate, including, without limitation, recent sale and offer prices of the Common Stock in private transactions negotiated at arm's length.

6.Period of Option.Unless sooner terminated in accordance with the provisions of paragraph 8 of this
Plan, an option granted hereunder shall expire on the date which is ten (10) years after the date of grant of the option.

7.Vesting of Shares and Non-Transferability of Options.

(a)
Options granted under this Plan shall not be exercisable until they become vested. Options granted under this Plan shall vest in the optionee and thus become exercisable as follows,
provided that the optionee has continuously served as a member of the Board through such vesting date:



Percentage of Option
Shares for which
Option Will be Exercisable

Date of Vesting331/3%

Less than one year from the date of grant662/3%

One year from the date of grant100%

Two years from the date of grant


The number of shares as to which options may be exercised shall be cumulative, so that once the option shall become exercisable as to any shares it shall continue to be
exercisable as to said shares, until expiration or termination of the option as provided in this Plan.



(b)Non-transferability.Any option granted pursuant to this Plan shall not be assignable or transferable other than by will
or the laws of descent and distribution or pursuant to a domestic relations order and shall be exercisable during the optionee's lifetime only by him or her.

8.Termination of Option Rights.

(a)
Except as otherwise specified in the agreement relating to an option, in the event an optionee ceases to be a member of the Board for any reason other than death or permanent
disability, any then unexercised portion of options granted to such optionee shall, to the extent not then vested, immediately terminate and become void; any portion of an option which is then vested
but has not been exercised at the time the optionee so ceases to be a member of the Board may be exercised, to the extent it is then vested, by the optionee within 90 days of the date the
optionee ceased to be a member of the Board; and all options shall terminate after such 90 days have expired.

(b)
In the event that an optionee ceases to be a member of the Board by reason of his or her death or permanent disability, any option granted to such optionee shall be immediately and
automatically accelerated and become fully vested and all unexercised options shall be exercisable by the optionee (or by the optionee's personal representative, heir or legatee, in the event of
death) until the scheduled expiration date of the option.

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9.Exercise of Option.Subject to the terms and conditions of this Plan and the option agreements, an option
granted hereunder shall, to the extent then exercisable, be exercisable in whole or in part by giving written notice to the Company by mail or in person addressed to META Group, Inc., at its
principal executive offices, stating the number of shares with respect to which the option is being exercised, accompanied by payment in full for such shares. Payment may be (a) in United
States dollars in cash or by check, (b) in whole or in part in shares of the Common Stock of the Company already owned by the person or persons exercising the option or shares subject to the
option being exercised (subject to such restrictions and guidelines as the Board may adopt from time to time), valued at fair market value determined in accordance with the provisions of
paragraph 5 or (c) consistent with applicable law, through the delivery of an assignment to the Company of a sufficient amount of the proceeds from the sale of the Common Stock acquired
upon exercise of the option and an authorization to the broker or selling agent to pay that amount to the Company, which sale shall be at the participant's direction at the time of exercise. There
shall be no such exercise at any one time as to fewer than one hundred (100) shares or all of the remaining shares then purchasable by the person or persons exercising the option, if fewer than
one hundred (100) shares. The Company's transfer agent shall, on behalf of the Company, prepare a certificate or certificates representing such shares acquired pursuant to exercise of the
option, shall register the optionee as the owner of such shares on the books of the Company and shall cause the fully executed certificate(s) representing such shares to be delivered to the optionee
as soon as practicable after payment of the option price in full. The holder of an option shall not have any rights of a stockholder with respect to the shares covered by the option, except to the
extent that one or more certificates for such shares shall be delivered to him or her upon the due exercise of the option.

10.Adjustments Upon Changes in Capitalization and Other Events.Upon the occurrence of any of the following
events, an optionee's rights with respect to options granted to him or her hereunder shall be adjusted as hereinafter provided:

(a)Stock Dividends and Stock Splits.If the shares of Common Stock shall be subdivided or combined into a greater or smaller number of
shares or if the Company shall issue any shares of Common Stock as a stock dividend on its outstanding Common Stock, the number of shares of Common Stock deliverable upon the exercise of options shall
be appropriately increased or decreased proportionately, and appropriate adjustments shall be made in the purchase price per share to reflect such subdivision, combination or stock dividend.

(b) Recapitalization Adjustments.If the Company is to be consolidated with or acquired by another entity in a merger, sale of all or
substantially all of the Company's assets or otherwise, each option granted under this Plan which is outstanding but unvested as of the effective date of such event shall become exercisable in full
thirty (30) days prior to the effective date of such event. In the event of a reorganization, recapitalization, merger, consolidation, or any other change in the corporate structure or shares
of the Company, to the extent permitted by Rule 16b-3 under the Securities Exchange Act of 1934, adjustments in the number and kind of shares authorized by this Plan and in the
number and kind of shares covered by, and in the option price of outstanding options under this Plan necessary to maintain the proportionate interest of the optionee and preserve, without exceeding,
the value of such option, shall be made. Notwithstanding the foregoing, no such adjustment shall be made which would, within the meaning of any applicable provisions of the Internal Revenue Code of
1986, as amended,
constitute a modification, extension or renewal of any option or a grant of additional benefits to the holder of an option.

(c)Issuances of Securities.Except as expressly provided herein, no issuance by the Company of shares of stock of any class, or
securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price of shares subject to options. No
adjustments shall be made for dividends paid in cash or in property other than securities of the Company.

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(d)Adjustments.Upon the happening of any of the foregoing events, the class and aggregate number of shares set forth in
paragraph 2 of this Plan that are subject to options which previously have been or subsequently may be granted under this Plan shall also be appropriately adjusted to reflect such events. The
Board shall determine the specific adjustments to be made under this paragraph 10 and its determination shall be conclusive.

11.Restrictions on Issuance of Shares.Notwithstanding the provisions of paragraphs 4 and 9 of this Plan, the
Company shall have no obligation to deliver any certificate or certificates upon exercise of an option until one of the following conditions shall be satisfied:

(a)
The issuance of shares with respect to which the option has been exercised is at the time of the issue of such shares effectively registered under applicable Federal and state
securities laws as now in force or hereafter amended; or

(b)
Counsel for the Company shall have given an opinion that the issuance of such shares is exempt from registration under Federal and state securities laws as now in force or hereafter
amended; and the Company has complied with all applicable laws and regulations with respect thereto, including without limitation all regulations required by any stock exchange upon which the
Company's outstanding Common Stock is then listed.

12.Legend on Certificates.The certificates representing shares issued pursuant to the exercise of an option
granted hereunder shall carry such appropriate legend, and such written instructions shall be given to the Company's transfer agent, as may be deemed necessary or advisable by counsel to the Company
in order to comply with the requirements of the Securities Act of 1933 or any state securities laws.

13.Representation of Optionee.If requested by the Company, the optionee shall deliver to the Company written
representations and warranties upon exercise of the option that are necessary to show compliance with Federal and state securities laws, including representations and warranties to the effect that a
purchase of shares under the option is made for investment and not with a view to their distribution (as that term is used in the Securities Act of 1933).

14.Option Agreement.Each option granted under the provisions of this Plan shall be evidenced by an option
agreement, which agreement shall be duly executed and delivered on behalf of the Company and by the optionee to whom such option is granted. The option agreement shall contain such terms, provisions
and conditions not inconsistent with this Plan as may be determined by the officer executing it.

15.Termination and Amendment of Plan.Options may no longer be granted under this Plan after October 2,
2005, and this Plan shall terminate when all options granted or to be granted hereunder are no longer outstanding. The Board may at any time terminate this Plan or make such modification or amendment
thereof as it deems advisable; provided, however, that the Board may not, without approval by the affirmative vote of the holders of a majority of the shares of Common Stock present in person or by
proxy and voting on such matter at a meeting, (a) increase the maximum number of shares for which options may be granted under this Plan (except by adjustment pursuant to Section 10),
(b) materially modify the requirements as to eligibility to participate in this Plan, (c) materially increase benefits accruing to option holders under this Plan or (d) amend this
Plan in any manner which would cause Rule 16b-3 under the Securities Exchange Act (or any successor or amended provision thereof) to become inapplicable to this Plan; and provided
further that the provisions of this Plan specified in Rule 16b-3(c)(2)(ii)(A) (or any successor or amended provision thereof) under the Securities Exchange Act of 1934 (including
without limitation, provisions as to eligibility, amount, price and timing of awards) may not be amended more than once every six months, other than to comport with changes in the Internal Revenue
Code, the Employee Retirement Income Security Act, or the rules thereunder. Termination or any modification or amendment of this Plan shall

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not, without consent of a participant, affect his or her rights under an option previously granted to him or her.

16.Withholding of Income Taxes.Upon the exercise of an option, the Company, in accordance with
Section 3402(a) of the Internal Revenue Code, may require the optionee to pay withholding taxes in respect of amounts considered to be compensation includable in the optionee's gross income.

17.Compliance with Regulations.It is the Company's intent that the Plan comply in all respects with
Rule 16b-3 under the Securities Exchange Act of 1934 (or any successor or amended provision thereof) and any applicable Securities and Exchange Commission interpretations thereof.
If any provision of this Plan is deemed not to be in compliance with Rule 16b-3, the provision shall be null and void.

18.Governing Law.The validity and construction of this Plan and the instruments evidencing options shall be
governed by the laws of the State of Delaware, without giving effect to the principles of conflicts of law thereof.

Date
1995 Non-Employee Director Stock Option Plan approved by Board of Directors of the Company: October 2, 1995

Date
1995 Non-Employee Director Stock Option Plan approved by Stockholders of the Company: October 4, 1995

Date
Amended and Restated 1995 Non-Employee Director Stock Option Plan approved by Board of Directors of the Company: March 31, 2001

Date
Amended and Restated 1995 Non-Employee Director Stock Option Plan approved by Stockholders of the Company: May 24, 2001

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