Document:

The following Form of Non-Qualified Stock Option Agreement was entered into with
the following directors:  James B. Dittman, Dr. Hussein Elkholy, and Dr. Leonard
Hausman.

                                                                        Optionee

                            VDC COMMUNICATIONS, INC.
                            ------------------------

                  FORM OF NON-QUALIFIED STOCK OPTION AGREEMENT
                                    UNDER THE
                            VDC COMMUNICATIONS, INC.
               1998 STOCK INCENTIVE PLAN, AS AMENDED (the "Plan")

                  This  Agreement  is made as of  November  30, 1999 (the "Grant
Date") by and between VDC  Communications,  Inc.,  a Delaware  corporation  (the
"Corporation"), and the person named on Schedule A hereto (the "Optionee").

                  WHEREAS, Optionee is an agent of the Corporation or one of its
subsidiaries and the Corporation considers it desirable and in its best interest
that Optionee be given an  inducement  to acquire a proprietary  interest in the
Corporation  and an incentive to advance the  interests  of the  Corporation  by
granting  the  Optionee  an option  to  purchase  shares of common  stock of the
Corporation (the "Common Stock");

                  NOW,  THEREFORE,  the parties hereto,  intending to be legally
bound,  hereby agree that as of the Grant Date,  the  Corporation  hereby grants
Optionee an option to purchase from it, upon the terms and  conditions set forth
in the Plan and this  Agreement,  that  number of shares of the  authorized  and
unissued Common Stock of the Corporation as is set forth on Schedule A hereto.

                  1.       Terms of Stock Option.  The option to purchase Common
Stock  granted  hereby is subject to the terms,  conditions,  and  covenants set
forth in the Plan as well as the following:

                           (a)      This option shall constitute a Non-Qualified
                                    Stock   Option  which  is  not  intended  to
                                    qualify  under  Section 422 of the  Internal
                                    Revenue Code of 1986, as amended;

                           (b)      The per share  exercise price for the shares
                                    subject  to this  option  shall  be the Fair
                                    Market Value (as defined in the Plan) of the
                                    Common  Stock  on  the  Grant  Date,   which
                                    exercise  price is set forth on  Schedule  A
                                    hereto;

<PAGE>

                           (c)      This option  shall vest in  accordance  with
                                    the vesting schedule set forth on Schedule A
                                    hereto; and

                           (d)      No portion of this  option may be  exercised
                                    more  than ten  (10)  years  from the  Grant
                                    Date.

                  2.       Payment  of   Exercise  Price.   The  option  may  be
exercised,  in part or in whole,  only by  written  request  to the  Corporation
accompanied by payment of the exercise price in full either: (i) in cash for the
shares  with  respect  to  which  it is  exercised;  (ii) by  delivering  to the
Corporation   a  notice  of  exercise  with  an   irrevocable   direction  to  a
broker-dealer  registered under the Securities Exchange Act of 1934, as amended,
to sell a  sufficient  portion  of the  shares  and  deliver  the sale  proceeds
directly to the Corporation to pay the exercise  price;  (iii) in the discretion
of  the  Plan  Administrator,   through  the  delivery  to  the  Corporation  of
previously-owned  shares of Common Stock  having an aggregate  Fair Market Value
equal to the option exercise price of the shares being purchased pursuant to the
exercise of the Option; provided, however, that shares of Common Stock delivered
in payment of the option  price must have been held by the Optionee for at least
six (6)  months in order to be  utilized  to pay the option  price;  (iv) in the
discretion  of the Plan  Administrator,  through an  election  to have shares of
Common Stock  otherwise  issuable to the  Optionee  withheld to pay the exercise
price  of such  Option;  or (v) in the  discretion  of the  Plan  Administrator,
through any combination of the payment procedures set forth in Subsections (i) -
(iv) of this paragraph.

                  3.       Miscellaneous.

                           (a)      This  Agreement  is binding upon the parties
                                    hereto and their respective heirs,  personal
                                    representatives, successors and assigns.

                           (b)      This   Agreement   will  be   governed   and
                                    interpreted  in accordance  with the laws of
                                    the  State  of   Connecticut,   and  may  be
                                    executed in more than one counterpart,  each
                                    of  which  shall   constitute   an  original
                                    document.

                           (c)      No  alterations,   amendments,   changes  or
                                    additions to this  agreement will be binding
                                    upon  either  the  Corporation  or  Optionee
                                    unless reduced to writing and signed by both
                                    parties.

                           (d)      All  controversies  or claims arising out of
                                    this   Agreement   shall  be  determined  by
                                    binding   arbitration,   conducted   at  the
                                    Corporation's    offices    in    Greenwich,
                                    Connecticut,   or  at  such  other  location
                                    designated  by the  Corporation,  before the
                                    American Arbitration Association.

                           (e)      No    rule   of    construction    requiring
                                    interpretation  against the  drafting  party
                                    shall  apply to the  interpretation  of this
                                    Agreement.

                           (f)      If any  provision of this  Agreement is held
                                    to  be  invalid,  the  remaining  provisions
                                    shall remain in full force and effect.
<PAGE>

         IN WITNESS WHEREOF,  the parties have executed this Agreement as of the
Grant Date.

                                                  VDC COMMUNICATIONS, INC.

                                                  By:/s/ Frederick A. Moran
                                                     ----------------------
                                                         Frederick A. Moran
                                                         Chief Executive Officer

                                                  OPTIONEE:

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

<PAGE>

                                                                        Optionee
                                   Schedule A

1.  Grant Date:  November 30, 1999

2.  Number of Shares of Common Stock covered by the Option: 10,000

3.  Exercise Price  (100%  of  Fair Market Value  of  Common Stock  on the Grant
    Date):   .9375

4.  The Option shall vest in accordance with the following schedule:

         (i)      3,333 shares shall vest on the first  anniversary of the Grant
                  Date, provided Optionee continuously serves as a member of the
                  Corporation's  Board  of  Directors  from  November  30,  1999
                  through November 29, 2000;

         (ii)      3,333  shares  shall  vest on the second  anniversary  of the
                   Grant Date, provided Optionee continuously serves as a member
                   of the  Corporation's  Board of Directors  from  November 30,
                   1999 through November 29, 2001; and

         (iii)    3,334 shares shall vest on the third  anniversary of the Grant
                  Date, provided Optionee continuously serves as a member of the
                  Corporation's  Board  of  Directors  from  November  30,  1999
                  through November 29, 2002.The following Form of Incentive Stock Option Agreement was entered into with the
following executive officers:

<TABLE>
<CAPTION>

Name / Optionee            Number of Shares Underlying Options         Annual Vesting Amount

<S>                        <C>                                         <C>
Clayton F. Moran           90,000                                      18,000

Charles W. Mulloy          50,000                                      10,000

Edwin B. Read              125,000                                     25,000

Peter Zagres               180,000                                     36,000

</TABLE>

                                                                        Optionee

                            VDC COMMUNICATIONS, INC.
                            ------------------------

                    FORM OF INCENTIVE STOCK OPTION AGREEMENT
                       UNDER THE VDC COMMUNICATIONS, INC.
               1998 STOCK INCENTIVE PLAN, AS AMENDED (the "Plan")

                  This  Agreement is made as of November  30, 1999,  (the "Grant
Date") by and between VDC  Communications,  Inc.,  a Delaware  corporation  (the
"Corporation") and (the "Optionee").

                  WHEREAS,  Optionee is an employee of the Corporation or one of
its  subsidiaries  and the  Corporation  considers it desirable  and in its best
interest that Optionee be given an inducement to acquire a proprietary  interest
in the  Corporation and an incentive to advance the interests of the Corporation
by granting  the  Optionee an option to purchase  shares of common  stock of the
Corporation (the "Common Stock");

                  NOW,  THEREFORE,  the parties hereto,  intending to be legally
bound,  hereby agree that as of the Grant Date,  the  Corporation  hereby grants
Optionee an option to purchase from it, upon the terms and  conditions set forth
in the Plan (a copy of which is attached hereto) and this Agreement, that number
of shares of the authorized and unissued  Common Stock of the  Corporation as is
set forth on Schedule A hereto.

                  1.       Terms of Stock Option.  The option to purchase Common
Stock  granted  herein is subject to the terms,  conditions,  and  covenants set
forth in the Plan as well as the following:

<PAGE>

                           (a)      This option  shall  constitute  an Incentive
                                    Stock  Option  which is  intended to qualify
                                    under  Section 422 of the  Internal  Revenue
                                    Code of 1986, as amended;

                           (b)      The per share  exercise price for the shares
                                    subject to this option  shall be the 100% of
                                    the Fair  Market  Value (as  defined  in the
                                    Plan) of the Common Stock on the Grant Date,
                                    which   exercise   price  is  set  forth  on
                                    Schedule A hereto;

                           (c)      This option  shall vest in  accordance  with
                                    the vesting schedule set forth on Schedule A
                                    hereto; and

                           (d)      No portion of this  option may be  exercised
                                    more  than ten  (10)  years  from the  Grant
                                    Date.

                  2.       Payment  of  Exercise  Price.   The  option  may   be
exercised,  in part or in whole,  only by  written  request  to the  Corporation
accompanied by payment of the exercise price in full either: (i) in cash for the
shares  with  respect  to  which  it is  exercised;  (ii) by  delivering  to the
Corporation   a  notice  of  exercise  with  an   irrevocable   direction  to  a
broker-dealer  registered under the Securities Exchange Act of 1934, as amended,
to sell a  sufficient  portion  of the  shares  and  deliver  the sale  proceeds
directly to the Corporation to pay the exercise  price;  (iii) in the discretion
of  the  Plan  Administrator,   through  the  delivery  to  the  Corporation  of
previously-owned  shares of Common Stock  having an aggregate  Fair Market Value
equal to the option exercise price of the shares being purchased pursuant to the
exercise of the Option; provided, however, that shares of Common Stock delivered
in payment of the option  price must have been held by the Optionee for at least
six (6)  months in order to be  utilized  to pay the option  price;  (iv) in the
discretion  of the Plan  Administrator,  through an  election  to have shares of
Common Stock  otherwise  issuable to the  Optionee  withheld to pay the exercise
price  of such  Option;  or (v) in the  discretion  of the  Plan  Administrator,
through any combination of the payment procedures set forth in Subsections (i) -
(iv) of this paragraph.

                  3.       Miscellaneous.

                           (a)      This  Agreement and the options  represented
                                    hereby may not be assigned or transferred in
                                    any manner  except by will or by the laws of
                                    descent and distribution.

                           (b)      This   Agreement   will  be   governed   and
                                    interpreted  in accordance  with the laws of
                                    the  State  of   Connecticut,   and  may  be
                                    executed in more than one counter0part, each
                                    of  which  shall   constitute   an  original
                                    document.

                                       2
<PAGE>

                           (c)      No  alterations,   amendments,   changes  or
                                    additions to this  agreement will be binding
                                    upon  either  the  Corporation  or  Optionee
                                    unless reduced to writing and signed by both
                                    parties.

                           (d)      All  controversies  or claims arising out of
                                    this   Agreement   shall  be  determined  by
                                    binding   arbitration,   conducted   at  the
                                    Corporation's    offices    in    Greenwich,
                                    Connecticut,   or  at  such  other  location
                                    designated  by the  Corporation,  before the
                                    American Arbitration Association.

                           (e)      No    rule   of    construction    requiring
                                    interpretation  against the  drafting  party
                                    shall  apply to the  interpretation  of this
                                    Agreement.

                           (f)      If any  provision of this  Agreement is held
                                    to  be  invalid,  the  remaining  provisions
                                    shall remain in full force and effect.

         In witness whereof,  the parties have executed this Agreement as of the
Grant Date.

                                                   CORPORATION:

                                                   VDC COMMUNICATIONS, INC.

                                                   By:/s/Frederick A. Moran
                                                      ---------------------
                                                         Frederick A. Moran
                                                         Chief Executive Officer

                                                   OPTIONEE:

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

                                       3
<PAGE>

                                                                        Optionee

                                   Schedule A

1.  Grant Date:  November 30, 1999

2.  Number of Shares of Common Stock covered by the Option:

3.  Exercise  Price (100%  of  Fair  Market  Value  of Common Stock on the Grant
    Date):   $.9375

4.  The Option shall vest in accordance with the following schedule:

         (i)      shares shall vest on the first  anniversary of the Grant Date,
                  provided  Optionee  remains   continuously   employed  by  the
                  Corporation,  or its  subsidiaries,  from  November  30,  1999
                  through November 29, 2000;

         (ii)     shares shall vest on the second anniversary of the Grant Date,
                  provided  Optionee  remains   continuously   employed  by  the
                  Corporation,  or its  subsidiaries,  from  November  30,  1999
                  through November 29, 2001;

         (iii)    shares shall vest on the third  anniversary of the Grant Date,
                  provided  Optionee  remains   continuously   employed  by  the
                  Corporation,  or its  subsidiaries,  from  November  30,  1999
                  through November 29, 2002;

         (iv)     shares shall vest on the fourth anniversary of the Grant Date,
                  provided  Optionee  remains   continuously   employed  by  the
                  Corporation,  or its  subsidiaries,  from  November  30,  1999
                  through November 29, 2003; and

         (v)      shares shall vest on the fifth  anniversary of the Grant Date,
                  provided  Optionee  remains   continuously   employed  by  the
                  Corporation,  or its  subsidiaries,  from  November  30,  1999
                  through November 29, 2004.

                                       4

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