Document:

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                                                                     EXHIBIT 4.1

                                     MIND
                           NextGen Billing Solutions
                               MIND C.T.I. Ltd.

     NUMBER                                                 SHARES

   M

              INCORPORATED UNDER THE LAWS OF THE STATE OF ISRAEL

                                                               CUSIP M70240 10 2

THIS CERTIFIES THAT

IS THE OWNER OF

FULLY PAID AND NON-ASSESSABLE ORDINARY SHARES, PAR VALUE NIS 0.01 PER SHARE, OF

                               MIND C.T.I. LTD.

                             CERTIFICATE OF STOCK

transferable only on the books of the corporation by the holder hereof in person
or by duly authorized attorney upon surrender of this certificate properly
endorsed.

    This certificate is not valid until countersigned and registered by the
Transfer Agent and Registrar.

    WITNESS the facsimile stamp of the Corporation and the facsimile signature
of its duly authorized director.

Dated:

                                     SEAL:

                               [MIND C.T.I. Ltd.

                                     1995

                                    ISRAEL]

                                       CHAIRPERSON OF THE BOARD, CEO & PRESIDENT

               COUNTERSIGNED AND REGISTERED:
                       AMERICAN STOCK TRANSFER & TRUST COMPANY
                                     (NEW YORK, N.Y.)
                                                   TRANSFER AGENT AND REGISTRAR

                                                           AUTHORIZED SIGNATURE

<PAGE>

The following abbreviations, when used in the inscription on the face of this
certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:
[CAPTION]
<TABLE>
<S>                                               <C>
TEN COM -- as tenants in common                   UNIF GIFT MIN ACT-________________CUSTODIAN________________
TEN ENT -- as tenants by the entireties                                  (Cust)                  (Minor)
JT TEN  -- as joint tenants with right of                           under Uniforms to Minors
           survivorship and not as tenants                          Act______________________________________
           in common                                                                  (State)
</TABLE>

    Additional abbreviations may also be used though not in the above list

    For value received,__________________________________hereby sell, assign and
transfer unto

----------------------------------      PLEASE INSERT SOCIAL SECURITY OR OTHER
                                        IDENTIFYING NUMBER OF ASSIGNEE

----------------------------------

________________________________________________________________________________
 (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________
of the Ordinary Shares represented by the within Certificate, and do hereby
irrevocably constitute and appoint

______________________________________________________________________ Attorney
to transfer the said stock on the books of the within named Company with full
power of substitution in the premises.

Dated________________________________________________

                             ___________________________________________________
                             NOTICE: THE SIGNATURE TO THIS ASSIGNMENT MUST
                             CORRESPOND WITH THE NAME AS WITHIN UPON THE FACE OF
                             THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT
                             ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER

Signature(s) Guaranteed:

_______________________________________________________
THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE
GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS
AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP
IN AN APPROVED SIGNATURE GUARANTEE MEDALLON PROGRAM).
PURSUANT TO S.E.C. RULE 17Ad-15.<PAGE>

                                                                    EXHIBIT 10.1

                               MIND C.T.I. LTD.
                                     1998
                               SHARE OPTION PLAN
<PAGE>

                               MIND C.T.I. LTD.
                                     1998
                               SHARE OPTION PLAN

1.  NAME

    This Plan, as amended from time to time, shall be known as the Mind 1998
Share Option Plan (the "Option Plan").

2.  PURPOSE OF THE OPTION PLAN

    The Option Plan is intended as an incentive to retain, in the employ of Mind
C.T.I. Ltd. (the "Company") and its subsidiaries, persons of training,
experience, and ability, to attract new employees, whose services are considered
valuable, to encourage the sense of proprietorship of such persons, and to
stimulate the active interest of such persons in the development and financial
success of the Company by providing them with opportunities to purchase shares
in the Company, pursuant to the Option Plan approved by the board of directors
of the company (the "Board"), which is designed to benefit from, and is made
pursuant to, the provisions of Section 102 of the Israeli Income Tax Ordinance
(New Version) 1961 and any regulations, rules, orders of procedures promulgated
thereunder ("Section 102") with respect to Options granted to employees of the
Company pursuant to the Option Plan (the "Options"). The Option Plan is also
intended to fulfill certain previous obligations of the Company to certain
employees.

3.  ADMINISTRATION OF THE OPTION PLAN

    The Board or a share option committee appointed and maintained by the Board
for such purpose (the "Committee") shall have the power to administer the Option
Plan. Notwithstanding the above, the Board shall automatically have a residual
authority if no Committee shall be constituted or if such Committee shall cease
to operate for any reason whatsoever.

    The Committee shall consist of such number of members (not less than two (2)
in number) as may be fixed by the Board. The Committee shall select one of its
members as its chairman (the "Chairman") and shall hold its meetings at such
times and places as the Chairman shall determine. The Committee shall keep
records of its meetings and shall make such rules and regulations for the
conduct of its business as it shall deem advisable.

    Any member of such Committee shall not be eligible to receive Options under
the Option Plan while serving on the Committee, unless otherwise specified
herein.

    The Committee shall have full power and authority (i) to designate
participants; (ii) to determine the terms and provisions of respective Option
agreements (which need not be identical) including, but not limited to, the
number of shares in the Company to be covered by each Option, provisions
concerning the time or times when and the extent to which the Options may be
exercised and the nature and duration of restrictions as to transferability or
restrictions constituting substantial risk of forfeiture; (iii) to accelerate
the right of an
<PAGE>

Optionee to exercise, in whole or in part, any previously granted Option; (iv)
to interpret the provisions and supervise the administration of the Option Plan;
and - (v) to determine any other matter which is necessary or desirable for, or
incidental to administration of the Option Plan.

    All decisions and selections made by the Board or the Committee pursuant to
the provisions of the Option Plan shall be made by a majority of its members
except that no member of the Board or the Committee shall vote on, or be counted
for quorum purposes, with respect to any proposed action of the Board or the
Committee relating to any Option to be granted to that member. Any decision
reduced to writing and signed by a majority of the members who are authorized to
make such decision shall be fully effective as if it had been made by a majority
at a meeting duly held.

    The interpretation and construction by the Committee of any provision of the
Option Plan or of any Option thereunder shall be final and conclusive unless
otherwise determined by the Board.

    Subject to the Company decision, each member of the Board or the Committee
shall be indemnified and held harmless by the Company against any cost or
expense (including counsel fees) reasonably incurred by him, or any liability
(including any sum paid in settlement of a claim with the approval of the
Company) arising out of any act or omission to act in connection with the Option
Plan unless arising out of such member's own fraud or bad faith, to the extent
permitted by applicable law. Such indemnification shall be in addition to any
rights of indemnification the member may have as a director or otherwise under
the Company's Articles of Association, any agreement, any vote of shareholders
or disinterested directors, insurance policy or otherwise.

4.  DESIGNATION OF PARTICIPANTS

    The persons eligible for participation in the Option Plan as recipients of
Options shall include any employees of the Company or of any subsidiary of the
Company. The grant of an Option hereunder shall neither entitle the recipient
thereof to participate nor disqualify him from participating in, any other grant
of Options pursuant to this Option Plan or any other option or stock plan of the
Company or any of its affiliates. The Company reserves its right to issue an
additional option plan for non-Israeli employees, that the Company may employ in
the future.

    Anything in the Option Plan to the contrary notwithstanding, all grants of
Options to directors and office holders ("Nosei Misra" - as such term is defined
in the Companies Ordinance (New Version), 1983 - the "Companies Ordinance")
shall be authorized and implemented only in accordance with the provisions of
the Companies Ordinance, as in effect from time to time.

5.  TRUSTEE

    The Options which shall be granted to employees of the Company (and/or any
subsidiary thereof) and/or any Shares (as defined below) issued upon exercise of
such Options and/or other shares received subsequently following any realization
of rights, shall be issued to a Trustee nominated by the Committee, and approved
in accordance with the provisions of Section 102 - (the "Trustee") and held for
the benefit of the Optionees for a period of not less than two years (24 months)
from the date of grant, or such other period as
<PAGE>

shall be required in order to comply with the provisions of Section 102 as
amended from time to time,.

     Anything to the contrary notwithstanding, the Trustee shall not release any
Options and/or any Shares issued upon exercise of Options, prior to the full
payment of the Optionee's tax liabilities arising from Options which were
granted to him and/or any Shares issued upon exercise of such Options.

     Upon receipt of the Option, the Optionee will sign an undertaking to exempt
the Trustee from any liability in respect of any action or decision duly taken
and bona fide executed in relation with the Option Plan, or any Option or Share
granted to him thereunder.

6.   SHARES RESERVED FOR THE OPTION PLAN

     Subject to adjustments as set forth in Section 8 below, a total of 30,000
     (thirty thousand) Ordinary Shares, of NIS 0.01 par value (the "Shares")
     shall be subject to the Option Plan. The Shares subject to the Option Plan
     are hereby reserved for such purpose in the authorized share capital of the
     Company and may only be issued in accordance with the terms hereof. Any of
     such Shares which may remain unissued and which are not subject to
     outstanding Options at the termination of the Option Plan shall cease to be
     reserved for the purpose of the Option Plan, but until termination of the
     Option Plan the Company shall at all times reserve a sufficient number of
     Shares to meet the requirements of the Option Plan. Should any Option for
     any reason expire or be canceled prior to its exercise or relinquishment in
     full, the Shares therefore subject to such Option may again be subjected to
     an Option under the Option Plan.

7.   OPTION PRICE

     7.1.  The purchase price of each Share subject to an Option or any portion
           thereof shall be determined by the Committee in its sole and absolute
           discretion in accordance with applicable law, subject to any
           guidelines as may be determined by the Board from time to time. As of
           the date of adoption of the Option Plan, the Board has instructed the
           Committee to determine the purchase price of each Share, at a price
           which is not less then the price per share, according to the most
           recent evaluation of the Company in any investment or other capital
           transaction.

     7.2.  The Option price shall be payable upon the exercise of the Option in
           a form satisfactory to the Committee and conforming to Section 102,
           including without limitation, by cash or cheque. The Committee shall
           have the authority to postpone the date of payment on such terms as
           it may determine.

8.   ADJUSTMENTS

     Upon the occurrence of any of the following described events, Optionee's
     rights to purchase Shares under the Option Plan shall be adjusted as
     hereafter provided:
<PAGE>

     8.1.  If the outstanding shares of the Company shall at anytime be changed
           or exchanged by declaration of a stock dividend, stock split,
           combination or exchange of shares, recapitalization, or any other
           like event by or of the Company, and as often as the same shall
           occur, then the number, class and kind of Shares subject to this
           Option Plan or subject to any Options therefore granted, and the
           Option prices, shall be appropriately and equitably adjusted so as to
           maintain the proportionate number of Shares without changing the
           aggregate Option price, provided, however, that no adjustment shall
           be made by reason of the distribution of subscription rights on
           outstanding stock or by reason of conversion of any Management Shares
           of the Company into Ordinary Shares (regardless of the ratio of such
           conversion). Upon occurrence of any of the foregoing, the class and
           aggregate number of Shares issuable pursuant to the Option Plan (as
           set forth in paragraph 6 hereof), in respect of which Options have
           not yet been exercised, shall be appropriately adjusted, all as will
           be determined by the Board who's determination shall be final.

Anything herein to the contrary notwithstanding, if prior to the completion of
an initial public offering of the Company's securities ("IPO"), all or
substantially all of the shares of the Company are to be sold, or upon a merger
or reorganization or the like, the shares of the Company, or any class thereof,
are to be exchanged for securities of another Company, then in such event, each
Optionee shall be obliged to sell or exchange, as the case may be, the shares
such Optionee purchased under the Option Plan, in accordance with the
instructions then issued by the Board whose determination shall be final. Upon
the occurrence of any such transactions, all unexersized Options shall be
immediately and completely terminated.

9.   TERM AND EXERCISE OF OPTIONS

     9.1.  Options shall be exercised by the Optionee by giving written notice
           to the Company, in such form and method as may be determined by the
           Company and the Trustee and conforming Section 102, which exercise
           shall be effective upon receipt of such notice by the Company at its
           principal office. The notice shall specify the number of Shares with
           respect to which the Option is being exercised.

     9.2.  Each Option granted under this Option Plan shall be exercisable only
           following the vesting dates and for the number of Shares as shall be
           provided in Exhibit B to the Option agreement (the "Expiration
           Date"). However no Option shall be exercisable after the Expiration
           Date, as defined for each Optionee in his Option agreement.

     9.3.  Options granted under the Option Plan shall not be transferable by
           Optionees other than by will or laws of descent and distribution, and
           during an Optionee's lifetime shall be exercisable only by that
           Optionee.

     9.4.  The Options may be exercised by the Optionee in whole at any time or
           in part from time to time, to the extent that the Options become
           vested, prior to the Expiration Date, and provided that, subject to
           the provisions of Section 9.6 below, the Optionee is an employee of
           the Company or any of its
<PAGE>

           subsidiaries, at all times during the period beginning with the
           granting of the Option and ending upon the date of exercise of the
           relevant Options.

     9.5.  Subject to the provisions of Section 9.6 below, in the event of
           termination of the Optionee's employment with the Company or any of
           its subsidiaries, all Options granted to him, which have not yet been
           exercised, will immediately expire. A notice of termination of
           employment by either the Company or the Optionee shall be deemed to
           constitute termination of employment.

     9.6.  Notwithstanding anything to the contrary hereinabove, an Option may
           be exercised after the date of termination of Optionee's employment
           with the Company or any subsidiary of the Company during an
           additional period of time beyond the date of such termination, but
           only with respect to the number of Options vested at the time of such
           termination, according to the vesting periods of the Options, set
           forth in Section 10 below, if: (i) termination is without Cause (as
           defined below), for a period of six months from the termination of
           Employment, (ii) termination is the result of death or disability of
           the Optionee, in which event any Options still in force and unexpired
           may be exercised within a period of one year from the date of
           termination, but only with respect to the number of Options already
           vested at the time of such termination according to the vesting
           periods of the Options. The term "Cause" shall mean any action,
           omission or state of affairs related to the Optionee which the Board
           decides, in its sole discretion, is against the interests of the
           Company.

     9.7.  The holders of Options shall not have any of the rights or privileges
           of shareholders of the Company in respect of any Shares purchasable
           upon the exercise of any part of an Option unless and until,
           following exercise but subject always to the provisions of Section 5
           above, registration of the Optionee as holder of such Shares in the
           Company's register of members.

     9.8.  Any form of Option agreement authorized by the Option Plan may
           contain such other provisions as the Committee may, from time to
           time, deem advisable.

10.  VESTING OF OPTIONS

     Notwithstanding anything to the contrary, any Option may be exercised only
     to the extent that such Option was vested. Each option granted hereunder
     shall be vested, in whole or in part, as determined by the Committee in its
     sole and absolute discretion, provided that the Optionee is an employee of
     the Company or any of its subsidiaries, at all times during the period
     beginning with the granting of the Option and ending upon the date of
     vesting of any portion of the Option.

11.  DIVIDENDS

     With respect to all Shares (in contrary to unexercised Options) issued upon
     the exercise of Options purchased by the Optionee and held by the Trustee,
     the Optionee shall be entitled to receive dividends in accordance with the
     quantity of such Shares, and subject to any applicable taxation on
     distribution of dividends. During the period in which Shares issued to the
     Trustee on behalf of an Optionee are held by the
<PAGE>

     Trustee, the cash dividends paid with respect thereto shall be paid
     directly to the Optionee.

12.  ASSIGNABILITY AND SALE OF OPTIONS

     No Option, purchasable hereunder, whether fully paid or not, shall be
     assignable, transferable or given as collateral or any right with respect
     to them given to any third party whatsoever, and during the lifetime of the
     Optionee each and all of such Optionee's rights to purchase Shares
     hereunder shall be exercisable only by the Optionee.

     As long as the Shares are held by the Trustee in favor of the Optionee,
     then all rights of the optionee possessed in the Shares are personal, can
     not be transferred, assigned, pledged or mortgaged, other than by will or
     laws of descent and distribution.

13.  TERM OF THE OPTION PLAN

     The Option Plan shall be effective as of the day it was adopted by the
     Board and shall terminate at the end of ____ months from such day of
     adoption.

14.  AMENDMENTS OR TERMINATION

     The Board may, at any time and from time to time, subject to the written
     consent of the Trustee, amend, alter or discontinue the Option Plan, except
     that no amendment or alteration shall be made which would impair the rights
     of the holder of any Option therefore granted, without his consent.

15.  GOVERNMENT REGULATIONS

     The Option Plan, and the granting and exercise of Options hereunder, and
     the obligation of the Company to sell and deliver Shares under such
     Options, shall be subject to all applicable laws, rules, and regulations,
     whether of the State of Israel or of the United States or any other State
     having jurisdiction over the Company and the Optionee, including the
     registration of the Shares under the United States Securities Act of 1933,
     and to such approvals by any governmental agencies or national securities
     exchanges as may be required.

16.  CONTINUANCE OF EMPLOYMENT

     Neither the Option Plan nor the Option agreement with the Optionee shall
     impose any obligation on the Company or a subsidiary thereof, to continue
     any Optionee in its employ, and nothing in the Option Plan or in any Option
     granted pursuant thereto shall confer upon any Optionee any right to
     continue in the employ of the Company or a subsidiary thereof or restrict
     the right of the Company or a subsidiary thereof to terminate such
     employment at any time.

17.  GOVERNING LAW AND JURISDICTION

     This Option Plan shall be governed by and construed and enforced in
     accordance with the laws of the State of Israel applicable to contracts
     made and to be performed
<PAGE>

     therein, without giving effect to the principles of conflict of laws. The
     competent courts of Tel-Aviv, Israel shall have sole jurisdiction in any
     matters pertaining to this Option Plan.

18.  ARBITRATION

     Any dispute in relation with this Option Plan and the exercise of rights
     thereunder, shall be brought to arbitration of the legal counsel to the
     Company (the "Arbitrator"), who shall decide on such dispute in accordance
     with the provisions of the Arbitration Law - 1968 and its supplement. The
     decision of the Arbitrator shall be final and shall bind the Company and
     the Optionee.

19.  TAX CONSEQUENCES

     Any tax consequences arising from the grant or exercise of any Option, from
     the payment for Shares covered thereby or from any other event or act (of
     the Company, the Trustee or the Optionee), hereunder, shall be borne solely
     by the Optionee. The Company and/or the Trustee shall withhold taxes
     according to the requirements under the applicable laws, rules, and
     regulations, including withholding taxes at source. Furthermore, the
     Optionee shall agree to indemnify the Company and the Trustee and hold them
     harmless against and from any and all liability for any such tax or
     interest or penalty thereon, including without limitation, liabilities
     relating to the necessity to withhold, or to have withheld, any such tax
     from any payment made to the Optionee.

     The Committee and/or the Trustee shall not be required to release any Share
     certificate to an Optionee until all required payments have been fully
     made.

20.  NON-EXCLUSIVITY OF THE OPTION  PLAN

     The adoption of the Option Plan by the Board shall not be construed as
     amending, modifying or rescinding any previously approved incentive
     arrangements or as creating any limitations on the power of the Board to
     adopt such other incentive arrangements as it may deem desirable,
     including, without limitation, the granting of stock Options otherwise then
     under the Option Plan, and such arrangements may be either applicable
     generally or only in specific cases. For the avoidance of doubt, prior
     grants of options to employees of the Company under their employment
     agreements, and not in the framework of any previous option plan, shall not
     be deemed an approved incentive arrangement for the purpose of this
     Section.

21.  MULTIPLE AGREEMENTS

The terms of each Option may differ from other Options granted under the Option
Plan at the same time, or at any other time. The Committee may also grant more
than one Option to a given Optionee during the term of the Option Plan, either
in addition to, or in substitution for, one or more Options previously granted
to that Optionee.

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