Document:

EXHIBIT 10.2
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                               ADVISORY AGREEMENT

           THIS AGREEMENT is made and entered into as of April 5, 2001 by and
between Richard de J. Osborne (the "Director"), whose address is set forth on
the last page below and Datawatch Corporation, a Delaware corporation (the
"Company").

           The Company and Director agree as follows:

           SECTION 1. SERVICES. The Director, who is a director of the Company
and Chairman of the Board of Directors of the Company, has agreed to provide to
the Company under the terms and conditions of this Agreement, certain advisory
services substantially beyond the services customarily provided by members of
board of directors (hereinafter the "Services") for the Term (as defined below).

           SECTION 2. STOCK AWARDS. As consideration for the Director's service
to the Company, and pursuant to the Company's 1996 Stock Plan, as amended (the
"Stock Plan"), the Company will issue to the Director (i) promptly after the
date hereof an award of 36,365 shares of the Company's common stock, par value
$.01 per share (the "Common Stock"), which number of shares awarded was
determined by dividing $37,500 by the Fair Market Value (as such term is defined
in the Stock Plan) of a share of Common Stock on February 15, 2001, and (ii) on
each of May 15, 2001, August 15, 2001 and November 15, 2001 an award of the
number of shares of the Company's common stock, par value $.01 per share (the
"Common Stock"), as is equal to $37,500 divided by the Fair Market Value of a
share of Common Stock on the date such award is issued (the shares of common
stock awarded pursuant to (i) and (ii) are collectively referred to herein as
the "Stock Awards"); PROVIDED, HOWEVER, that, in the sole discretion of the
Company, which discretion shall be exercised by the President of the Company,
the Company may, in lieu of issuing shares of Common Stock, pay all or a portion
of any one or more of such Stock Awards in cash. Notwithstanding the foregoing,
in no event shall the total aggregate shares of Common Stock issued hereunder
exceed 150,000 shares, and in the event that all or a portion of a Stock Award
shall cause the total aggregate shares of Common Stock issued hereunder to
exceed 150,000 shares, then such Stock Award shall be paid in shares of Common
Stock only to the extent that, after the issuance of such shares, the total
aggregate shares of Common Stock issued hereunder shall be equal to 150,000
shares and the remaining portion of such Stock Award, and any future Stock
Awards to be issued hereunder, shall be paid in cash. No fractional shares shall
be issued hereunder and the Director shall receive from the Company cash in lieu
of such fractional shares. The Company's obligation to issue a Stock Award to
the Director shall be subject to the availability of shares of Common Stock for
issuance under the Stock Plan. In the event that sufficient shares of Common
Stock are not available for issuance under the Stock Plan, the Director shall
receive cash from the Company in lieu of shares of Common Stock.

           SECTION 3. NO EMPLOYEE STATUS. The Director is not, nor shall the
Director be deemed to be at any time during the term of this Agreement, an
employee of the Company, and therefore the Director shall not be entitled to any
benefits provided by the Company to its employees (including such items as
health and disability benefits). The Director will be solely responsible for
payment of all charges and taxes arising from the issuance of the Stock Awards
or cash in lieu thereof or in lieu of fractional shares.

           SECTION 4. TERM OF AGREEMENT; TERMINATION. The term of this Agreement
and the Director's Services hereunder shall commence as of the date of this
Agreement and unless terminated earlier as a result of the death, physical
incapacity or mental incompetence of the Director or the termination of
Director's status as a director of the Company for any reason, which in each
case shall result in the automatic termination of this Agreement and no further
issuance of shares of Common Stock under Section 2 hereof, it shall continue in
effect through December 31, 2001 (the "Term").
<PAGE>

           SECTION 5. MISCELLANEOUS. This Agreement contains the entire
understanding of the parties with respect to the matters contained herein, and
supersedes all proposals and agreements, written or oral, and all other
communications between the parties relating to the subject matter of this
Agreement. This Agreement shall be governed by and construed in accordance with
the laws of the Commonwealth of Massachusetts without regard to its conflict of
laws rules. This Agreement may not be modified or amended except in writing
signed or executed by the Director and the Company. In the event any provision
of this Agreement is held to be unenforceable or invalid because it is overbroad
or too far reaching, such provision shall be deemed to be revised so that it
applies to the maximum extent permitted by law.

           IN WITNESS WHEREOF, the parties have caused this Agreement to be
executed as of the date first above written.

DIRECTOR                                      DATAWATCH CORPORATION

/s/ Richard de J. Osborne                 By: /s/ Bruce R. Gardner
-------------------------                     ----------------------------
Richard de J. Osborne                         Name:  Bruce R. Gardner
                                              Title: President and
                                                     Chief Executive Officer

Address:  40 East 94th Street
          Apt. No. 18D
          New York, NY 10128EXHIBIT 10.1
                                                                    ------------

                              DIRECTOR STOCK OPTION

                                   GRANTED BY

                                  DYNAGEN, INC.

                       (hereinafter called the "COMPANY")

                                       TO

                                C. ROBERT CUSICK

                        (hereinafter called the "HOLDER")

               For valuable consideration, the receipt of which is hereby
acknowledged, the Company hereby grants to the Holder the following option:

               FIRST: Subject to the terms and conditions hereinafter set forth,
the Holder is hereby given the right and option to purchase from the Company
shares of the common stock, $.01 par value per share, ("Common Stock"), of the
Company. Schedule A hereto, the provisions of which are incorporated by
reference herein, sets forth (a) the maximum number of shares that the Holder
may purchase upon exercise of this Option, (b) the exercise price per share of
Common Stock purchasable hereunder, (c) the expiration date of this Option, (d)
the vesting rate, if any and (e) certain other terms and conditions applicable
to this Option.

               This Option shall be exercised in whole or in part by the
Holder's delivery to the Company of written notice (the "Notice of Exercise")
setting forth the number of shares with respect to which this Option is to be
exercised, together with (a) cash in an amount, or a check, bank draft or postal
or express money order payable in an amount, equal to the aggregate exercise
price for the shares being purchased, (b) with the consent of the Board (which
term shall herein include the compensation committee of the Board), shares of
Common Stock having a fair market value equal to such aggregate exercise price;
(c) with the consent of the Board, a personal recourse note issued by the Holder
to the Company in a principal amount equal to such aggregate exercise price and
with such other terms, including interest rate and maturity, as the Board may
determine in its discretion, PROVIDED that the interest rate borne by such note
shall not be less than the lowest applicable federal rate, as defined in Section
1274(d) of the Internal Revenue Code of 1986, as amended; (d) with the consent
of the Board, such other consideration that is acceptable to the Board and that
has a fair market value, as determined by the Board, equal to such aggregate
exercise price; or (e) with the consent of the Board, any combination of the
foregoing. The "fair market value" of the Common Stock shall equal (i) the
closing price per

<PAGE>

share on the date of grant of the Option as reported by the National Market
System or another automated quotation system of the National Association of
Securities Dealers, Inc., including the OTC Bulletin Board, (ii) if the Common
Stock is not quoted on any such system, as reported by a national stock exchange
or (iii) if the Common Stock is not listed on such an exchange, the fair market
value as determined by the Board.

               SECOND: The Company, in its discretion, may file a registration
statement on Form S-8 under the Securities Act of 1933, as amended, to register
shares of Common Stock reserved for issuance under this option. At any time at
which such a registration statement is not in effect, it shall be a condition
precedent to any exercise of this Option that the Holder shall deliver to the
Company a customary "investment letter" satisfactory to the Company and its
counsel in which, among other things, the Holder shall (a) state that he or she
is acquiring shares of Common Stock subject to the Option for his or her own
account for investment and not with a view to the resale or distribution thereof
and (b) acknowledge that those shares are not freely transferable except in
compliance with federal and state securities laws.

               THIRD: In order to exercise this option in whole or in part, the
Holder shall deliver to the Company the Notice of Exercise and related
investment letter, payment of exercise price pursuant to Paragraphs First and
Second hereof and any agreement not inconsistent with that may then be required
by the Company in its sole discretion. As promptly as practicable after receipt
by the Company, such materials, the Company shall deliver to the Holder (or if
any other individual or individuals are exercising this Option, to such
individual or individuals) a certificate registered in the name of the Holder
(or the names of the other individual or individuals exercising this Option) and
representing the number of shares with respect to which this Option is then
being exercised; PROVIDED, HOWEVER, that if any law or regulation or order of
the Securities and Exchange Commission or any other body having jurisdiction in
the premises shall require the Company or the Holder (or the individual or
individuals exercising this Option) to take any action in connection with the
shares then being purchased, the date for the delivery of the certificate for
such shares shall be extended for the period necessary to take and complete such
action. The Company may imprint upon said certificate such legends as counsel
for the Company may consider appropriate. Delivery by the Company of the
certificates for such shares shall be deemed effected for all purposes when the
Company or a stock transfer agent of the Company shall have deposited such
certificates in the United States mail, addressed to the Holder, at the address
specified in the Notice. The Company will pay all fees or expenses necessarily
incurred by the Company in connection with the issuance and delivery of shares
pursuant to the exercise of this Option.

               The Company will, at all times while any portion of this Option
is outstanding, reserve and keep available, out of shares of its authorized and
unissued Common Stock or shares of Common Stock held in treasury, a sufficient
number of shares of its Common Stock to satisfy the requirements of this Option.

               FOURTH: If the Company shall effect any subdivision or
consolidation of shares of its stock or other capital readjustment, the payment
of a stock dividend, or other increase or reduction of the number of shares
outstanding, in any such case without receiving compensation therefor in money,
services or property, then the number, class and per share price of shares of

                                      -2-
<PAGE>

stock subject to this Option shall be appropriately adjusted in such a manner as
to entitle the Holder to receive upon exercise of this Option, for the same
aggregate cash consideration, the same total number and class of shares as he or
she would have received as a result of the event requiring the adjustment had he
or she exercised this Option in full immediately prior to such event.

               If the Company shall be a party to a reorganization or merger
with one or more other corporations (whether or not the Company is the surviving
or resulting corporation), shall consolidate with or into one or more other
corporations, shall be liquidated, or shall sell or otherwise dispose of
substantially all of its assets to another corporation (each a "Transaction"),
then:

                             (a) subject to the provisions of clauses (b) and
               (c) below, after the effective date of the Transaction, the
               Holder of this Option shall be entitled, upon exercise hereof and
               at no additional cost, to receive shares of Common Stock or, if
               applicable, shares of such other stock or other securities, cash
               or property as the holders of shares of Common Stock received
               pursuant to the terms of the Transaction;

                             (b) the Board may accelerate the time for exercise
               of this Option to a date prior to the effective date of the
               Transaction, as specified by the Board; or

                             (c) this Option may be canceled by the Board as of
               the effective date of the Transaction, PROVIDED that (i) notice
               of such cancellation shall have been given to the Holder and (ii)
               the Holder shall have the right to exercise this Option to the
               extent the same is then exercisable or, if the Board shall have
               accelerated the time for exercise of this Option, in full during
               the thirty-day period preceding the effective date of the
               Transaction.

               Except as hereinbefore expressly provided, the issue by the
Company of shares of stock of any class, or securities convertible into shares
of stock of any class, for cash or property, or for labor or services, either
upon direct sale or upon the exercise of rights or warrants to subscribe
therefor, or upon conversion of shares or obligations of the Company convertible
into such shares or other securities, shall not affect, and no adjustment by
reason thereof shall be made with respect to, the number or price of shares of
Common Stock then subject to this Option.

               FIFTH: Neither the Holder nor any other person shall, by virtue
of the granting of this Option, be deemed for any purpose to be the owner of any
shares of Common Stock subject to this Option or to be entitled to the rights or
privileges of a holder of such shares unless and until this Option has been
exercised pursuant to the terms hereof with respect to such shares and the
Company has issued and delivered the shares to the Holder.

               SIXTH: This Option is not transferable by the Holder or by
operation of law, otherwise than by will or under the laws of descent and
distribution. This Option is exercisable, during the Holder's lifetime, only by
the Holder.

                                      -3-
<PAGE>

               In the event that the Holder's employment (which term shall
"employment" include service as a director with the Company or any subsidiary is
terminated by the Holder or by the Company without "Cause" (as defined
hereinafter) other than in connection with the Holder's death or permanent and
total disability, the Holder shall nonetheless have the right to exercise this
Option after the date on which the Holder so ceases to be an employee of the
Company or any subsidiary or parent (but not later than the expiration date of
this Option) with respect to the shares which were purchasable by the Holder by
exercise of this Option on such date.

               In the event that the Holder's employment is terminated by the
Company for Cause, this Option shall terminate immediately. As used in this
Option, "Cause" shall mean a determination by the Company (including the Board)
or a subsidiary or parent that the Holder's employment with the Company or such
subsidiary or parent should be terminated as a result of (i) a material breach
by the Holder of any agreement to which the Holder and the Company (or such
subsidiary or parent) are both parties, (ii) any act (other than resignation or
retirement) by the Holder that may have a material and adverse effect on the
business of the Company or any subsidiary or on the ability to perform services
for the Company or such subsidiary, including the proven or admitted commission
of any crime (other than an ordinary traffic violation), or (iii) any material
misconduct or material neglect of duties by the Holder in connection with the
business or affairs of the Company or such subsidiary or parent.

               In the event of the death or permanent and total disability of
the Holder prior to the date of termination or expiration of this Option, this
Option shall terminate on the earlier of the expiration date of this Option or
one year following the date of such death or disability. In the event of the
death of the Holder prior to the date of termination or expiration of this
Option, the Holder's executors, administrators or any individual or individuals
to whom this Option is transferred by will or under the laws of descent and
distribution, as the case may be, shall have the right to exercise this Option
(but not later than the expiration date of this Option) with respect to the
number of shares purchasable by the Holder at the date of death.

               SEVENTH: The Holder agrees that, during the 180-day period
commencing with the closing date of any public offering by the Company of shares
of Common Stock pursuant to a registration statement filed under the Securities
Act of 1933, as amended, or any successor act, the Holder will not, without the
prior written consent of the representative or representatives of the
underwriters of such offering, directly or indirectly, sell, offer to sell,
contract to sell, grant any option for the sale of, assign, transfer, pledge,
hypothecate or otherwise dispose of or encumber any shares of Common Stock
acquired upon exercise of this Option, other than such shares, if any, as shall
be covered by such registration statement or as shall be consented to by the
Company and such representative or representatives. The Holder further agrees
that, in order to facilitate any such public offering, (a) the agreements in
this Paragraph Seventh shall be for the benefit of such underwriters as well as
the Company and (b) upon request of such representative or representatives, the
Holder will execute a separate written instrument to the effect set forth in the
preceding sentence, with such changes therein as such representative or
representatives may request, PROVIDED that such changes are not materially
adverse to the interest of the Holder.

                                      -4-
<PAGE>

               EIGHTH: If the Company in its discretion determines that it is
obligated to withhold tax with respect to shares of Common Stock received on
exercise of this Option, the Holder agrees that the Company may withhold from
the Holder's wages the appropriate amount of federal, state or local withholding
taxes attributable to the Holder's exercise of such Option. At the Company's
discretion, the amount required to be withheld may be withheld in cash from such
wages or (with respect to compensation income attributable to the exercise of
this Option) in kind from the Common Stock otherwise deliverable to the Holder
on exercise of this Option. The Holder further agrees that, if the Company does
not withhold an amount from the Holder's wages sufficient to satisfy the
Company's withholding obligation, the Holder will remit to the Company on
demand, in cash, the amount estimated by the Company to be underwithheld.

               NINTH: Any notice to be given to the Company hereunder shall be
deemed sufficient if addressed to the Company and delivered at the office of the
Chief Financial Officer of the Company, or to such other officer or at such
other address as the Company may hereafter designate, or when deposited in the
mail, postage prepaid, addressed to the attention of the Chief Financial Officer
of the Company at such office or other address.

               Any notice to be given to the Holder hereunder shall be deemed
sufficient if addressed to and delivered in person to the Holder at the address,
or by facsimile to the number, furnished to the Company or when deposited in the
mail, postage prepaid, addressed to the Holder at such address.

               TENTH: This Option is subject to all laws, regulations and orders
of any governmental authority which may be applicable thereto and,
notwithstanding any of the provisions hereof, the Holder agrees that he will not
exercise the Option granted hereby nor will the Company be obligated to issue
any shares of stock hereunder if the exercise thereof or the issuance of such
shares, as the case may be, would constitute a violation by the Holder or the
Company of any such law, regulation or order or any provision thereof.

                                      * * *

                                       -5-
<PAGE>

               IN WITNESS WHEREOF, the Company has caused this instrument to be
executed in its name and on its behalf as of the effective date.

                                     DYNAGEN, INC.

                                     By: /s/ Dhananjay G. Wadekar
                                        --------------------------------
                                      Name: Dhananjay G. Wadekar
                                      Title: Executive Vice President

Acknowledgment

               The undersigned Holder acknowledges receipt of this Stock Option
Agreement, including Schedule A hereto, and agrees to be bound by all
obligations of the Holder as set forth in such Stock Option Agreement.

                                     HOLDER
                                     /s/ C. Robert Cusick
                                     -----------------------------------
                                     Name:

                                      -6-
<PAGE>

                                   SCHEDULE A

                                  DYNAGEN, INC.

                              DIRECTOR STOCK OPTION

Date of Grant:                                February 24, 2001

Name of Holder:                               C. Robert Cusick

Address:                                      1100 Lancaster Street
                                              Pittsburgh, PA  15218

Social Security Number:

Maximum number of shares for which
this Option is exercisable:                   5,000,000 shares

Exercise (purchase) price per share:          $.22

Expiration date of this Option:               February 24, 2008

Vesting rate:                                 Each such option is to become
                                              excisable in four equal
                                              installments at the end of each
                                              calendar quarter during the year
                                              2001; 1,250,000 will vest on
                                              03/31/01, 1,250,000 on 06/30/01,
                                              1,250,000 on 09/30/01 and
                                              1,250,000 on 12/31/01.

Other terms and conditions:                   None.

                                      -7-

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