Document:

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                                                                     EXHIBIT 4.6

                      NON-QUALIFIED STOCK OPTION AGREEMENT

OPTIONEE: Gregory Abbott

DATE OF GRANT: December 4, 2001

NUMBER OF SHARES: 300,000

PRICE:  $.95

EXERCISE DATES:

                       Vesting Date
                       (Date on Which Option
Number of Shares       First Becomes Exercisable)      Exercisable Until
----------------       --------------------------      -----------------
300,000                December 4, 2001                December 3, 2011

            INTERNATIONAL DISPENSING CORPORATION (the "Corporation"), a Delaware
corporation, on the terms and conditions set forth below, hereby on the date of
grant shown above grants to the optionee named above an option to purchase in
whole or in part the number of shares shown above of the Corporation's common
stock, at the price shown above, exercisable on the exercise dates shown above
until the expiration date shown above (the "Expiration Date").

                  1. The option evidenced hereby is exercised upon receipt by
the Secretary of the Corporation, or other designated person, of a duly executed
and completed facsimile of the form for such purpose attached hereto,
accompanied by full payment for the number of shares being purchased. Payment of
the exercise price may be made in full by (i) certified or bank cashier's check,
(ii) cancellation of indebtedness owed by the Corporation to the optionee, (iii)
delivery to the Corporation of shares of Common Stock of the Corporation owned
by the optionee having a fair market value on the date of exercise equal to the
exercise price, (iv) any combination of the foregoing or (v) such other form of
payment as may be permitted by the Board of Directors.

                  2. The Corporation will pay any stock transfer tax in
connection with the issuance, transfer or exchange of stock pursuant hereto, but
may require deposit or payment of any other tax which the Corporation may be
required to withhold or collect.

                  3. The price and number of shares subject to the option shall
be appropriately adjusted in the event of a reorganization, recapitalization,
stock split, stock dividend, combination of shares, or similar change in the
Corporation's shares. The good faith determination by the Board of Directors of
the Corporation of the appropriate adjustment shall be final and conclusive. In
the case of a merger, sale of assets or similar transaction which results in a
replacement of the Corporation's shares of common stock with stock of another
corporation, the Corporation shall be required to replace any outstanding
options covered hereby with comparable options to purchase the stock of such
other corporation.

                  4. This instrument confers no rights as a stockholder upon the
optionee, and an optionee shall have no such rights unless and until the date a
certificate representing shares of the Corporation's stock is issued or
transferred to such person upon the exercise hereof. Nothing contained herein
shall be deemed to give any individual any right to be retained in the employ of
the Corporation or any subsidiary.

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                  5. Enforcement of the terms of this instrument shall be
governed by the laws of the State of Delaware. Any action brought hereunder
shall be brought in the Federal or State courts located in Maryland, to which
jurisdiction both parties hereto submit. Any action hereunder against the
optionee may be instituted by registered or certified mail, return receipt
requested, to his residence, as indicated on the books of the Corporation.

                  IN WITNESS WHEREOF, this instrument has been executed for the
Corporation by a duly authorized officer thereof and by the optionee as of the
date of grant.

Dated: December 4, 2001

                                       INTERNATIONAL DISPENSING CORPORATION

                                       By: /s/ Gary Allanson
                                          ---------------------------
                                          Gary Allanson, President

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                 FORM FOR EXERCISING NON-QUALIFIED STOCK OPTION

The undersigned hereby exercises the non-qualified stock option described below.

The name of the optionee to whom such option was granted, the date of grant, and
the price at which granted are:

            Optionee:

            Date of Grant:

            Price:

The number of shares of common stock of the Corporation with respect to which
the option is being exercised, stated in terms of shares as of the date of grant
and without regard to adjustments, if any, of such number, is:

                             ---------------------.

This form is accompanied by full payment for the number of shares being
purchased by check in the amount of $____, by shares of common stock of the
Corporation owned by the optionee, or such other method of payment which has
been accepted and approved by the Board of Directors of the Corporation.

If the optionee is paying the exercise price hereof, in whole or in part, with
shares of common stock of the Corporation, please complete the following:

On the date hereof, each share of the Corporation's common stock has a fair
market value equal to $_____. Attached to this form are certificates Nos. ____,
____, and ____ registered in the name of the undersigned representing , and
shares of the Corporation's common stock together with a stock power duly
executed by the optionee with the optionee's signature guaranteed by either (i)
a local commercial bank with a New York correspondent bank or (ii) a member firm
of a major stock exchange. The undersigned hereby requests that the Corporation
transfer to itself shares of common stock represented by the attached
certificates in payment of $____ of the option exercise price. A certificate for
the balance of the shares is to be returned to the undersigned.

Date:

                                                          Signature<PAGE>

                                   Exhibit 4.7

                     CLAY MARKETING & PUBLIC RELATIONS, INC.

                            515 North Midland Avenue

                           Upper Nyack, New York 10960

                                 August 19, 2002

International Dispensing Corporation
1111 Benfield Blvd., Suite 230
Millersville, Maryland 21108

Gentlemen:

      This will confirm our agreement that in full payment for all of our
services to International Dispensing Corporation ("IDC") from April 1, 2002 to
August 31, 2002, consisting of marketing, sales, market research, publicity,
attendance at trade shows and assisting in presentations, subject to the next
paragraph, IDC shall issue to Clay Marketing & Public Relations, Inc. ("Clay")
pursuant to a Registration Statement on Form S-8 (the "Registration Statement")
62,500 shares of Common Stock, par value $.001 per share, of IDC (the "Shares").
In addition, IDC shall, upon presentation of reasonable documentation, promptly
reimburse Clay for up to an aggregate of $9,000 of direct out-of-pocket expenses
incurred by Clay in connection with its performance of services for IDC.

      Not later than November 1, 2002 IDC shall file the Securities and Exchange
Commission the Registration Statement covering such Shares and IDC shall
thereafter use its best efforts to have the Registration Statement declared
effective as soon as practicable.

      Please indicate your agreement with the foregoing by signing one copy of
this letter and returning it to Clay.

                          Very truly yours,

                          CLAY MARKETING & PUBLIC RELATIONS, INC.

                          BY: /s/ Louis C. Tharp
                          ---------------------------------

AGREED TO:

INTERNATIONAL DISPENSING
   CORPORATION

By: /s/ Gary Allanson
   -----------------------------
        Gary Allanson, President<PAGE>
                                                                     Exhibit 4.1

                          Corporate Separation Contract

Mitsui & Co., Ltd. (hereinafter "Mitsui") and Sumisho Building Materials Co.,
Ltd. (hereinafter "Sumiken") contract as follows in relation to separation of
Mitsui's building materials sales business (hereinafter "BMS Business") and its
assumption by Sumiken.

Article 1 (Separation method)

Mitsui will separate the BMS Business, assign it to Sumiken and Sumiken will
succeed to it.

Article 2 (Separation succession procedure)

1. As prescribed in Article 374-22 paragraph 1 of the Commercial Code, Mitsui
shall carry out the separation without approval of the general stockholders
meeting stipulated in Article 374-17 paragraph 1 of the Code, convene a Board of
Directors meeting on December 19, 2001 and seek approval of this Contract and
matters necessary for the separation.

2. Sumiken shall convene a general stockholders meeting on December 22, 2001 and
seek approval of this Contract and matters necessary for the separation.
However, if necessary due to the progress of the procedures, this may be changed
upon consultation between Mitsui and Sumiken.

Article 3 (Separation date)

The date of separation shall be February 1, 2002. However, if necessary due to
the progress of the procedures, this may be changed upon consultation between
Mitsui and Sumiken.

Article 4 (Amendment to Sumiken's Articles of Incorporation)

When the separation in implemented, Sumiken shall amend its Articles of
Incorporation in accordance with Appendix I, on the date stated in Article 3.

Article 5 (Common stock issue and allocation when separation is effected)

When the separation is effected, Sumiken shall issue 800,000 shares of common
stock and allocate all of them to Mitsui.

                                     -1-
<PAGE>
Article 6 (Sumiken's capital and capital reserve increase due to separation)

The amounts by which Sumiken's capital and capital reserve should be increased
due to the separation are as follows.

(1) Capital increase: JPY2.1 billion

(2) Capital reserve increase: In excess of the amount prescribed by Article
288-2 paragraph 1 subparagraph 3-3 of the Commercial Code.

Article 7 (Separation adjustment monies)

Neither Mitsui nor Sumiken shall pay any adjustment delivery monies related to
the separation.

Article 8 (Starting date for dividends on new shares)

Sumiken's computation of dividends on the new shares issued in accordance with
Article 5 shall start from the separation date.

Article 9 (Rights, duties and others to which Sumiken is the successor)

1. Sumiken shall succeed to Mitsui's assets, liabilities and other rights and
duties on the separation date as recorded in Appendix II, "Details of succession
rights and duties," as increased or decreased up to the day preceding separation
date based on the balance sheet and other financial data from Mitsui as of
September 30, 2001. However, the net of assets and liabilities assumed by
Sumiken from Mitsui shall be JPY4,085 million, with no adjustment for any
differential that may appear on separation day.

2. The method of assumption by Sumiken of the liabilities from Mitsui shall be
such procedure as Sumiken becoming as additional debtors. However, the
liabilities concerned shall be Sumiken's final responsibility, and in the event
that Mitsui repays that liabilities Sumiken shall immediately reimburse Mitsui
for the amount repaid.

Article 10 (Procedures for assumption of rights)

1. After separation day, Mitsui and Sumiken shall upon consultation cooperate
without delay in connection with registration, delivery notification and other
procedures related to Sumiken's succession to Mitsui's rights.

                                     -2-
<PAGE>
2. Expenses in connection with the foregoing procedures shall be borne by
Sumiken.

Article 11 (Assumption of office of Sumiken's directors, auditors and others on
separation)

1. The persons who become directors and auditors of Sumiken on separation day,
and the persons who resign from office of directors and auditors of Sumiken on
the preceding day (hereinafter "retiring officers"), shall be as follows.

         (1) Directors newly taking office

Shunji Kumajima, Jun Tamura, Yoichiro Nagahara, Kazunori Odaira, Arato Nojima

         (2) Auditors newly taking office

Akira Otsuki, Keiichi Matsuda

         (3) Retiring officers

Junichi Suzuki, Masaru Shitaka, Naotaka Okajima, Kiyohiro Miyoshi, Yoji Itoh,
Kenichiro Maekawa, Toshihiro Kusakabe

2. The terms of office of directors and auditors taking office on separation day
shall begin on that date. The terms of office of Sumiken directors and auditors
holding office prior to separation day, other than those stipulated as retiring
offices above, shall remain in effect as if there had been no separation.

Article 12 (Treatment of employees)

On the separation date, Mitsui shall transfer to Sumiken its employees engaged
principally in the BMS Business. Specific personnel selection, periods of
secondment to Sumiken and other conditions shall be determined by separate
consultation between Mitsui and Sumiken.

Article 13 (Duty to be mindful of good management)

After conclusion of this Contract and up to separation date, Mitsui and Sumiken
will conduct business and manage assets in accordance with the care of excellent
managers, and will mutually consult in advance in relation to conduct with
important effects on business and rights and duties of either party.

                                     -3-
<PAGE>
Article 14 (Amendments to separation conditions)

If significant changes have arisen in the assets or management situations of
Mitsui or Sumiken due to natural disasters or other reasons during the period
from conclusion of this Contract to separation date, the terms of this Contract
may be amended or the Contract terminated based upon consultation between Mitsui
and Sumiken.

Article 15 (Reversion of operating balance)

Profit and loss in the BMS Business shall be demarcated on the separation date,
with profit or loss prior thereto belonging to Mitsui and those on and after it
belonging to Sumiken. However, any other necessary adjustments shall be dealt
with by consultation between Mitsui and Sumiken.

Article 16 (Validity of this Contract)

This Contract shall take effect on condition of approval by Mitsui's Board of
Directors and approval by Sumiken's general stockholders meeting as stipulated
in Article 2. Further, if approval of the relevant authorities as required by
law is not obtained, the Contract shall be rendered invalid.

Article 17 (Consultation)

Matters not provided in this Contract that are necessary in relation to this
separation shall be decided by consultation between the parties in accordance
with the purpose of the Contract.

In witness to the conclusion of this Contract, two copies shall be prepared and
signed and sealed by Mitsui and Sumiken, with one copy retained by each.

December 7, 2001

Junji Sato
Executive Managing Director
Chief Operating Officer
General Merchandise & Property Development Unit
Consumer Products & Services Group
Mitsui & Co., Ltd.
Otemachi 1-2-1, Chiyoda-ku, Tokyo

                                     -4-
<PAGE>
Takao Iwauchi
President and Representative
Sumisho Building Materials Co., Ltd.
Harumi 1-8-8, Chuo-ku, Tokyo

                                     -5-

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                       CERTIFICATE OF ENGLISH TRANSLATION

Pursuant to Rule 306 of Regulation S-T, the undersigned hereby certifies that
the attached Separation Contract is a fair and accurate English translation.

                                       Mitsui & Co., Ltd.

                                      /s/ Junji Sato
                                      ------------------------------------------
                                      Name:  Junji Sato
                                      Title: Executive Managing Officer,
                                             Chief Operating Officer,
                                             General Merchandise & Property
                                              Development Unit
                                             Consumer Products & Services Group
                                      Date:  September 26, 2002

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