Document:

EXHIBIT 10.68

                                V-ONE CORPORATION

                        2001 EMPLOYEE STOCK PURCHASE PLAN

                             SUBSCRIPTION AGREEMENT

_____ Original Application Enrollment Date: __________

_____ Change of Beneficiary(ies)

1.  _____________________________________  hereby elects to  participate  in the
V-ONE  Corporation  2001  Employee  Stock  Purchase  Plan (the  "Employee  Stock
Purchase Plan") and subscribes to purchase shares of the Company's  Common Stock
in accordance with this  Subscription  Agreement and the Employee Stock Purchase
Plan.

2. I hereby  authorize  payroll  deductions  from each paycheck in the amount of
____% of my  Compensation  on each payday  (from 1 to 10%)  during the  Offering
Period in accordance  with the Employee Stock Purchase Plan (please note that no
fractional percentages are permitted).

3. I understand that the payroll deductions authorized under this Agreement will
be  accumulated  for the  purchase of shares of Common  Stock at the  applicable
Purchase Price determined in accordance with the Employee Stock Purchase Plan. I
understand  that if I do not withdraw from an Offering  Period,  any accumulated
payroll  deductions will be used to automatically  exercise my option.

4. I have  received a copy of the  complete  Employee  Stock  Purchase  Plan.  I
understand that my  participation  in the Employee Stock Purchase Plan is in all
respects  subject  to the terms of the Plan.  I  understand  that my  ability to
exercise the option under this Subscription  Agreement is subject to stockholder
approval of the Employee Stock Purchase Plan.

5. Shares  purchased  for me under the Employee  Stock  Purchase  Plan should be
issued  in  the   name(s)  of   (Employee   or   Employee   and  Spouse   only):
_______________________________________________________________________________.

6. I understand that if I dispose of any shares  purchased by me pursuant to the
Plan within 2 years  after the  Enrollment  Date (the first day of the  Offering
Period  during  which I purchased  such  shares),  I will be treated for federal
income  tax  purposes  as having  received  ordinary  income at the time of such
disposition  in an amount  equal to the excess of the fair  market  value of the
shares at the time such shares were  purchased by me over the price which I paid
for the shares.  I agree to notify the  Company in writing  within 30 days after

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the date of any  disposition  of shares and I will make  adequate  provision for
federal,  state or other tax withholding  obligations,  if any, which arise upon
the disposition of the Common Stock.  The Company may, but will not be obligated
to,  withhold from my compensation  the amount  necessary to meet any applicable
withholding  obligation including any withholding necessary to make available to
the  Company  any tax  deductions  or  benefits  attributable  to sale or  early
disposition of Common Stock by me. If I dispose of such shares at any time after
the expiration of the 2-year holding period, I understand that I will be treated
for federal  income tax purposes as having  received  income only at the time of
such disposition,  and that such income will be taxed as ordinary income only to
the extent of an amount equal to the lesser of (1) the excess of the fair market
value (as  defined  in the Plan) of the  shares at the time of such  disposition
over the  purchase  price which I paid for the shares,  or (2) the excess of the
fair market value (as defined in the Plan) of the shares on the first day of the
Offering  Period over the purchase price  applicable to my option as of the date
the option was granted.  The remainder of the gain,  if any,  recognized on such
disposition  will be  taxed as  capital  gain.  I  UNDERSTAND  THAT I AM  SOLELY
RESPONSIBLE FOR DETERMINING THE TAX CONSEQUENCES OF MY PARTICIPATION IN THE PLAN
AND THAT THE COMPANY HAS ADVISED ME TO CONSULT WITH MY PERSONAL TAX OR FINANCIAL
ADVISORS REGARDING SUCH CONSEQUENCES.

7. I hereby agree to be bound by the terms of the Employee  Stock Purchase Plan.
The  effectiveness  of  this   Subscription   Agreement  is  dependent  upon  my
eligibility to participate in the Employee Stock Purchase Plan.

8.  In  the  event  of  my  death,  I  hereby  designate  the  following  as  my
beneficiary(ies)  to receive all  payments  and shares due me under the Employee
Stock Purchase Plan:

NAME: (Please print)

______________________________________________________
(First) (Middle) (Last)

______________________________________________________
Relationship

______________________________________________________
(Address)

Employee's Social
Security Number:

______________________________________________________

Employee's Address:

______________________________________________________

______________________________________________________

______________________________________________________

<PAGE>

I UNDERSTAND THAT THIS SUBSCRIPTION  AGREEMENT SHALL REMAIN IN EFFECT THROUGHOUT
SUCCESSIVE OFFERING PERIODS UNLESS TERMINATED BY ME.

Dated: _______________                      Signature of Employee

                                            ____________________________________

Spouse's Signature (If beneficiary other than spouse)

__________________________________EXHIBIT 10.69

                    AGREEMENT FOR PURCHASE AND SALE OF STOCK

      This  Agreement is made this 13th day of March,  2001 by and between V-ONE
Corporation,  a Delaware  Corporation  with its  principal  place of business at
20250 Century Boulevard,  Suite 300, Germantown,  Maryland 20874 (V-ONE) and NFR
Security,  Inc., ("NFR") a Delaware Corporation formerly known as Network Flight
Recorder, Inc. with its principal place of business at 1395 Piccard Drive, Suite
230, Rockville, MD 20850

      WHEREAS,  V-ONE is the  holder of  500,000  shares of common  stock of NFR
("NFR Common Stock"); and

      WHEREAS,  V-ONE  desires to sell its NFR Common  Stock and NFR  desires to
purchase the same on the terms and conditions hereinafter set forth; and

      WHEREAS,  NFR is undertaking a private  placement of a series of preferred
stock ("NFR Private  Placement") and the closing of the Private  Placement is to
take place on or about March 16, 2001

      NOW, THEREFORE,  in consideration of the mutual promises set forth herein,
and other good and valuable consideration,  the receipt and sufficiency of which
are hereby  acknowledged,  the parties,  intending to be legally bound, agree as
follows:

      1. To the extent  that the gross  proceeds  of the NFR  Private  Placement
available  to NFR exceed the sum of Twenty  Million Two Hundred  Fifty  Thousand
Dollars  ($20,250,000)  (such amount  exceeding  $20,250,000  being  hereinafter
referred to as the "Excess Proceeds"), NFR, will use 94% of such Excess Proceeds
to purchase  from V-ONE the NFR Common  Stock,  up to a maximum of Five  Hundred
Thousand (500,000) shares. The purchase price per share for the NFR Common Stock
shall be Three Dollars and twenty-five Cents ($3.25).

      2.  Closing of the sale of the NFR Common Stock by V-ONE to NFR shall take
place no later  than the  third  business  day  following  the date on which the
proceeds of the NFR Private  Placement  become  available  to NFR (the  "Closing
Date").  Payment of the full sum due to V-ONE shall be made in current  funds on
the  Closing  Date.  V-ONE shall  deliver to NFR on the  Closing  Date the stock
certificates  duly endorsed for transfer  evidencing the number of shares of NFR
Common Stock purchased pursuant to this Agreement.

      3. Each party shall bear its own expenses  arising out of the  preparation
and consummation of this Agreement.

<PAGE>

      4. V-ONE has all requisite right,  power and corporate  authority to enter
into this Agreement,  and to sell,  transfer and deliver the NFR Common Stock to
be sold  hereunder,  and this Agreement has been duly  authorized,  executed and
delivered by V-ONE and  constitutes the legal,  valid and binding  obligation of
V-ONE enforceable in accordance with its terms.

      5. V-ONE now is and on the Closing  Date shall be, the lawful owner of NFR
Common  Stock to be sold by V-ONE  pursuant  to this  Agreement.  On the Closing
Date,  V-ONE will have good and marketable  title to the NFR Common Stock,  free
and clear of all liens, encumbrances,  security interests or other restrictions.
Upon proper delivery of, and payment for, the NFR Common Stock, NFR will acquire
good and marketable title thereto to the NFR Common Stock, free and clear of all
liens,  encumbrances,  security  interests  and other  restrictions  and defects
whatsoever.

      6.  V-ONE  hereby  acknowledges  that  it has  been  furnished  with  such
documents, materials and information as V-ONE deems necessary or appropriate for
evaluating a sale of the NFR Common Stock.  V-ONE confirms that it has made such
further  investigation  of NFR as was deemed  appropriate to evaluate the merits
and risks of such sale. V-ONE acknowledges that it has had an opportunity to ask
questions of, and receive answers from,  officers of NFR, concerning the sale of
NFR Common Stock by V-ONE as well as the terms and conditions of the NFR Private
Placement.

      7. NFR  represents and warrants that it is a corporation  duly  organized,
existing  and in good  standing  under the laws of the State of Delaware and has
all requisite  corporate  authority to enter into,  and perform its  obligations
under, this Agreement.

      8. This is the entire agreement of the parties with respect to the subject
matter hereof and may be amended only by a writing executed by the parties. This
Agreement  shall be binding upon and inure to the benefit of each of the parties
and their respective successors and permitted assigns.  Neither party may assign
any right or obligation  hereunder  without the express  written  consent of the
other party.

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<PAGE>

      IN WITNESS  WHEREOF,  the parties have executed this  Agreement  making it
effective as of the date first above written.

Witness                                   V-ONE Corporation

/s/ Lisa M. Randoll                       /s/ Margaret E. Grayson
------------------------------------      ------------------------------
                                          By Margaret E. Grayson,
                                          Chief Executive Officer

Witness                                   NFR Security, Inc.

/s/ Robert A. Aldrich                     /s/ John J. Reiss
------------------------------------      ------------------------------
                                          By John J. Reiss
                                          Chief Executive Officer

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