Document:

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                                                                    EXHIBIT 4.3

                               ACCORD NETWORKS LTD.
                             2000 SHARE OPTION PLAN

     1.         PURPOSES OF THE PLAN. The purposes of this Share Option Plan
are to attract and retain the best available personnel for positions of
substantial responsibility, to provide additional incentive to Employees and
Consultants of Accord Networks Ltd. (the "Company") and its Subsidiaries and
to promote the success of the Company's business. Options granted under the
Plan may be Incentive Stock Options or Nonstatutory Stock Options, as
determined by the Administrator at the time of grant.

     2.         DEFINITIONS. As used herein, the following definitions shall
apply:

                (a)     "ADMINISTRATOR" means the Board or any of its
Committees as shall be administering the Plan, in accordance with Section 4
hereof.

                (b)     "APPLICABLE LAWS" means the requirements relating to
the administration of share option plans under the applicable laws of the
State of Israel (except for matters with respect to the Code and the I.R.S.,
and, in such cases, the laws of the United States shall apply).

                (c)     "ARTICLES" means the Articles of Association of the
Company.

                (d)     "BOARD" means the Board of Directors of the Company.

                (e)     "CODE" means the U.S. Internal Revenue Code of 1986,
as amended.

                (f)     "COMMITTEE"  means a committee of Directors appointed
by the Board in accordance  with  Section 4  hereof and the Articles.

                (g)     "COMPANY" means Accord Networks Ltd., a corporation
incorporated under the laws of the State of Israel.

                (h)     "CONSULTANT"  means any person who is engaged by the
Company or any Parent or  Subsidiary  of the  Company to render consulting or
advisory services to such entity.

                (i)     "DIRECTOR" means a member of the Board of Directors
of the Company.

                (j)     "EMPLOYEE" means any person, including Officers,
employed by the Company or any Parent or Subsidiary. An Employee shall not
cease to be an Employee in the case of (i) any leave of absence approved by
the Company or (ii) transfers between locations of the Company or between the
Company, its Parent, any Subsidiary, or any successor. For purposes of
Incentive Stock Options, no such leave may exceed ninety days, unless
reemployment upon expiration of such leave is guaranteed by statute or
contract. If reemployment upon expiration of a leave of absence approved by
the Company is not so guaranteed, on the 181st day of such leave any
Incentive Stock

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Option held by the Optionee shall cease to be treated as an Incentive Stock
Option and shall be treated for tax purposes as a Nonstatutory Stock Option.
Neither service as a Director nor payment of a director's fee by the Company
shall be sufficient to constitute "employment" by the Company.

                (k)     "EXCHANGE ACT" means the Securities Exchange Act of
1934, as amended.

                (l)     "FAIR MARKET VALUE" means, as of any date, the value
of a Share determined as follows:

         (a)    If the Shares are listed on a U.S national securities exchange
                or the Nasdaq National Market or The Nasdaq SmallCap Market of
                The Nasdaq Stock Market, their Fair Market Value shall be the
                closing sales price for such Shares (or the closing bid, if no
                sales were reported) as quoted on such exchange or system for
                the last market trading day prior to the time of
                determination, as reported in THE WALL STREET JOURNAL or such
                other source as the Administrator deems reliable;

         (b)    If the Shares are listed on the Tel Aviv Stock Exchange, but
                are not traded on a U.S national securities exchange or the
                Nasdaq National Market or The Nasdaq Small Cap Market, their
                Fair Market Value shall be the closing sales price for such
                Shares (or the closing bid if no sales were reported) as
                quoted on such exchange for the last market trading day prior
                to the time of determination, as reported in GLOBES, HAARETZ
                or such other source as the Administrator deems reliable;

         (c)    If the Shares are regularly quoted by a recognized securities
                dealer but selling prices are not reported, their Fair Market
                Value shall be the mean between the high bid and low asked
                prices for the Shares on the last market trading day prior to
                the day of determination, or;

         (d)    In the absence of an established market for the Shares, the
                Fair Market Value thereof shall be determined in good faith by
                the Board.

                (m)     "INCENTIVE STOCK OPTION" means an Option intended to
qualify as an incentive stock option within the meaning of Section 422 of the
Code.

                (n)     "NONSTATUTORY STOCK OPTION" means an Option not
intended to qualify as an Incentive Stock Option and which do not necessarily
comply with the United States law.

                (o)     "OFFICER"  means a person who is an officer of the
Company  within the meaning of  Section 16  of the Exchange Act and the rules
and regulations promulgated thereunder.

                (p)     "OPTION" means a share option granted pursuant to the
Plan.

                (q)     "OPTION  AGREEMENT"  means a written agreement
between the Company and an Optionee  evidencing the terms and conditions of
an individual Option grant.  The Option Agreement is subject to the terms and
conditions of the Plan.

                (r)     "OPTIONED SHARES" means the Shares subject to an
Option.

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                (s)     "OPTIONEE" means the holder of an outstanding Option
granted under the Plan.

                (t)     "PARENT" means a "parent corporation," whether now
or hereafter existing, as defined in Section 424(e) of the Code.

                (u)     "PLAN" means this 2000 Share Option Plan.

                (v)     "SERVICE PROVIDER" means an Employee, or Consultant.

                (w)     "SHARE" means a share of the Company's Ordinary
Shares having a nominal value of NIS 0.01, as adjusted in accordance with
Section 11 below.

                (x)     "SUBSIDIARY" means a "subsidiary corporation,"
whether now or hereafter existing, as defined in Section 424(f) of the Code.

        3.      SHARES SUBJECT TO THE PLAN.  Subject to the provisions of
Section 11 of the Plan, the maximum aggregate number of Shares that may be
subject to option and sold under the Plan is 750,000 Shares. The Shares may
be authorized, but unissued, or reacquired.

                If an Option expires or becomes unexercisable without having
been exercised in full, the unpurchased Shares which were subject thereto
shall become available for future grant or sale under the Plan (unless the
Plan has terminated); PROVIDED, however, that Shares that have actually been
issued under the Plan shall not be returned to the Plan and shall not become
available for future distribution under the Plan.

        4.      ADMINISTRATION OF THE PLAN.

                (a)     PROCEDURE. The Plan shall be administered by the
Board or a Committee appointed by the Board, subject to the Articles, which
Committee shall be constituted to comply with Applicable Laws.

                (b)     POWERS OF THE ADMINISTRATOR. Subject to the
provisions of the Plan and, in the case of a Committee, the specific duties
delegated by the Board to such Committee, and subject to the approval of any
relevant authorities, the Administrator shall have the authority, in its
discretion:

                        (a)      to recommend to the Board to update the Fair
                                 Market Value;

                        (b)      to grant Options and to select the Service
                                 Providers to whom Options may from time to
                                 time be granted hereunder;

                        (c)      to determine the number of Shares to be
                                 covered by each such award granted hereunder;

                        (d)      to approve forms of Option Agreement for use
                                 under the Plan;

                        (e)      to determine the terms and conditions of any
                                 Option granted hereunder;

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                        (f)      to prescribe, amend and rescind rules and
                                 regulations under the Plan;

                        (g)      to construe and interpret the terms of the
                                 Plan and awards granted  pursuant to the Plan.

                (c)     EFFECT OF ADMINISTRATOR'S DECISION.  All decisions,
determinations and  interpretations of the Administrator shall be final and
binding on all Optionees.

        5.      ELIGIBILITY.

                (a)     Nonstatutory Stock Options may be granted to Service
Providers. Incentive Stock Options may be granted only to Employees.

                (b)     Each Option shall be designated in the Option Agreement
as either an Incentive Stock Option or a Nonstatutory Stock Option. However,
notwithstanding such designation, to the extent that the aggregate Fair
Market Value of the Shares with respect to which Incentive Stock Options are
exercisable for the first time by the Optionee during any calendar year (under
all plans of the Company and any Parent or Subsidiary) exceeds $100,000, such
Options shall be treated as Nonstatutory Stock Options. For purposes of this
Section 5(b), Incentive Stock Options shall be taken into account in the order
in which they were granted. The Fair Market Value of the Shares shall be
determined as of the time the Option with respect to such Shares is granted.

                (c)     The Plan shall not confer upon any Optionee any right
with respect to continuing the Optionee's relationship as a Service Provider
with the Company, nor shall it interfere in any way with his or her right or the
Company's right to terminate such relationship at any time, with or without
cause.

        6.      TERM OF PLAN. The Plan shall become effective upon its
adoption by the Board. However, the Plan shall be submitted to the
shareholders of the Company for approval within twelve (12) months of the
Board's approval thereof. No Incentive Stock Options granted under the Plan
may be exercised prior to approval of the Plan by the shareholders and if the
shareholders fail to approve the Plan within twelve (12) months of the
Board's approval thereof, any Incentive Stock Options previously granted
hereunder shall be automatically converted to Nonstatutory Stock Options
without any further act. The Plan shall continue in effect for a term of ten
(10) years, unless sooner terminated under Section 13 of the Plan.

        7.      TERM OF OPTION. The term of each Option shall be stated in
the Option Agreement; provided, however, that the term of an Incentive Stock
Option shall be no more than ten (10) years from the date of grant thereof;
provided, further that the term of an Incentive Stock Option granted to an
Optionee who, at the time the Option is granted, owns shares representing
more than ten percent (10%) of the voting power of all classes of issued and
outstanding share capital of the Company or any Parent or Subsidiary, shall
be five (5) years from the date of grant or such shorter term as may be
provided in the Option Agreement.

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        8.      OPTION EXERCISE PRICE AND CONSIDERATION.

                (a)     The per share exercise price for the Shares to be
issued pursuant to exercise of an Option shall be such price as is determined
by the Administrator, but shall be subject to the following:

                        (i)      In the case of an Incentive Stock Option

                                (A) granted to an Employee who, at the time of
the grant of such Incentive Stock Option, owns shares representing more than
ten percent (10%) of the voting power of all classes of issued and
outstanding share capital of the Company or any Parent or Subsidiary, the
exercise price shall be no less than 110% of the Fair Market Value per Share
on the date of grant.

                                (B) granted to any Employee other than an
Employee described in the preceding subparagraph, the per Share exercise price
shall be no less than 100% of the Fair Market Value per Share on the date of
grant.

                          (ii)   Notwithstanding the foregoing, pursuant to a
merger or other corporate transaction, Options may be granted in substitution
for options held by service providers of another corporation with per Share
exercise prices of less than 100% of Fair Market Value on the date of grant.

                (b)     The consideration to be paid for the Shares to be
issued upon exercise of an Option, including the method of payment, shall be
determined by the Administrator (and, in the case of an Incentive Stock Option,
shall be determined at the date of grant) and may consist entirely of (1) cash,
(2) check, (3) promissory note, (4) consideration received by the Company under
a formal cashless exercise program adopted by the Company in connection with
the Plan, or (5) any combination of the foregoing methods of payment. To the
extent that the consideration paid for the Shares is denominated in US
Dollars, the exchange rate to be used to obtain a New Israeli Shekel value of
such consideration shall be the noon buying rate as reported by the Federal
Reserve Bank of New York (expressed in New Israeli Shekels per unit of US
Dollar) on the date of exercise of the Option. The Administrator shall
determine, at its own discretion, the type of consideration to be accepted by
the Company. Unless determined otherwise the consideration shall be paid to
the Company in US Dollars.

        9.      EXERCISE OF OPTION.

                (a)     PROCEDURE FOR EXERCISE; RIGHTS AS A SHAREHOLDER. Any
Option granted hereunder shall be exercisable according to the terms of the
Plan and the Option Agreement, and at such times and under such conditions as
determined by the Administrator and set forth in the Option Agreement. An
Option may not be exercised for a fraction of a Share.

                        An Option shall be deemed exercised when the Company
receives: (i) written notice of exercise (in accordance with the Option
Agreement) from the person entitled to exercise the Option, and (ii) full
payment for the Shares with respect to which the Option is exercised. Full
payment may consist of any consideration and method of payment authorized by
the Administrator and permitted by the Option Agreement and the Plan. Shares
issued upon exercise of an Option shall be registered in the name of the
Optionee.

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     Until the consummation of the initial underwritten public offering of
equity securities of the Company pursuant to an effective registration
statement, prospectus or similar document in Israeli or such other jurisdiction
as is determined by the Board (the "IPO"), the Company shall have the right to
demand from the Optionee at any time that the same shall provide, and the
Optionee shall provide, any certificate, declaration or other document which
the Company shall consider to be necessary or desirable pursuant to any law,
whether local or foreign, including any certificate or agreement which the
Company shall require, if any, from the Optionees as members of a class of
shareholders, or any certificate, declaration or other document the obtaining
of which shall be deemed by the Board to be appropriate or necessary for the
purpose of raising capital for the Company (including pursuant to a public
offering of securities), of merging the Company with another company (whether
the Company is the surviving entity or not), or of reorganization of the
Company, including, in the event of a consolidation or merger of the Company
or any sale, lease, exchange or other transfer of all or substantially all of
the assets or Shares of the Company, the sale or exchange, as the case may
be, of any Shares the Grantee may have purchased hereunder all as shall be
deemed necessary or desirable by the Board.

                        Until the Shares are issued (as evidenced by the
appropriate entry on the books of the Company or of a duly authorized
transfer agent of the Company), no right to vote or any other rights as a
shareholder shall exist with respect to the Shares, notwithstanding the
exercise of the Option. The Company shall issue (or cause to be issued) such
Shares within 30 days after the Option is exercised. No adjustment will be
made for a dividend or other right for which the record date is prior to the
date the Shares are issued, except as provided in Section 11 of the Plan.

                        Exercise of an Option in any manner shall result in a
decrease in the number of Shares thereafter available, both for purposes of
the Plan and for sale under the Option, by the number of Shares as to which
the Option is exercised.

                (b)     TERMINATION OF RELATIONSHIP AS A SERVICE PROVIDER. If
an Optionee ceases to be a Service Provider, other than upon the Optionee's
death or disability, the Optionee may exercise his or her Options within such
period of time as is specified in the Option Agreement to the extent that the
Option is vested on the date of termination (but in no event later than the
expiration of the term of such Option as set forth in the Option Agreement).
If, on the date of termination, the Optionee is not vested as to his or her
entire Option, the Shares covered by the unvested portion of the Option shall
revert to the Plan. If, after termination, the Optionee does not exercise his
or her Option within the time specified by the Administrator, the Option
shall terminate, and the Shares covered by such Option shall revert to the
Plan.

                (c)     DISABILITY OF OPTIONEE. If an Optionee ceases to be a
Service Provider as a result of the Optionee's disability, the Optionee may
exercise his or her Option within such period of time as is specified in the
Option Agreement to the extent the Option is vested on the date of
termination, but in no event later than the expiration date of the term of
such Option as set forth in the Option Agreement. If, on the date of
termination, the Optionee is not vested as to the entire Option, the Shares
covered by the unvested portion of the Option shall revert to the Plan. If,
after termination, the Option is not exercised within the time specified
herein, the Option shall terminate, and the Shares covered by such Option
shall revert to the Plan. If such disability is not a "disability" as such
term is defined in Section 22(e)(3) of the Code, in the case of an Incentive
Stock Option such Incentive Stock Option shall automatically cease to be
treated as an Incentive Stock Option and shall

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be treated for tax purposes as a Nonstatutory Stock Option on the day of three
months and one day following such termination.

                (d)     DEATH OF OPTIONEE. If an Optionee dies while a Service
Provider, the Option may be exercised within such period of time as is
specified in the Option Agreement to the extent that the Option is vested on
the date of death (but in no event later than the expiration of the term of
such Option as set forth in the Option Agreement) by the Optionee's estate or
by a person who acquires the right to exercise the Option by bequest or
inheritance. If, at the time of death, the Optionee is not vested as to the
entire Option, the Shares covered by the unvested portion of the Option shall
revert to the Plan. If the Option is not so exercised within the time
specified herein, the Option shall terminate, and the Shares covered by such
Option shall revert to the Plan.

                (e)     TERMINATION FOR CAUSE. If an Optionee ceases to be a
Service Provider for Cause (as such term is defined below), all options held
by or on behalf of such Grantee shall immediately expire upon the earlier of
such termination or notice of termination (unless the Option Agreement
provides otherwise), and the Shares covered by such Option shall revert to
the Plan.

For purposes hereof, the term "CAUSE" shall mean (i) a material breach by the
Optionee of its obligations under any agreement with the Company or any
Subsidiary or Parent of the Company, including the Option Agreement; (ii) the
commission by the Optionee of an act of fraud or embezzlement against the
Company or any Subsidiary or Parent of the Company or the willful taking of
action injurious to the business or prospects of the Company or any
Subsidiary or Parent of the Company; (iii) the Optionee's conviction of a
felony involving moral turpitude; and, (iv) the Optionee's involvement with
an act which constitutes breach of trust between the Optionee and the Company
or any Subsidiary or Parent of the Company or which constitutes breach of
discipline.

                10.     NON-TRANSFERABILITY OF OPTIONS. Unless provided
otherwise by the Administrator, Options may not be sold, pledged, assigned,
hypothecated, transferred, or disposed of in any manner other than by will or
by the laws of descent and may be exercised, during the lifetime of the
Optionee, only by the Optionee.

                11.     ADJUSTMENTS UPON CHANGES IN CAPITALIZATION OR MERGER.

                        (a)     CHANGES IN CAPITALIZATION. In the event the
Shares shall be subdivided or combined into a greater or smaller number of
Shares or if, upon a reorganization, recapitalization or the like, the Shares
shall be exchanged for other securities of the Company, each Optionee shall
be entitled, subject to the conditions herein stated, to purchase such number
of Shares or amount of other securities of the Company as were exchangeable
for the number of Shares of the Company which such Optionee would have been
entitled to purchase except for such action, and appropriate adjustments
shall be made in the purchase price per share to reflect such subdivision,
combination or exchange.

In the event that the Company shall issue any of its Shares or other
securities as bonus shares or a stock dividend upon or with respect to any
Shares which shall at the time be subject to an Option hereunder, each
Optionee upon exercising such Option shall be entitled to receive (for the
purchase price payable upon such exercise), the Shares as to which he or she
is exercising such Option and, in addition thereto (at no additional cost),
such number of shares of the class or classes in which such

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bonus shares or stock dividend were declared, and such amount of Shares (and
the amount in lieu of fractional Shares) as is equal to the Shares which he
or she would have received had he or she been the holder of the Shares as to
which he or she is exercising his or her Option at all times between the date
of grant of such Option and the date of its exercise.

                (b)     DISSOLUTION OR LIQUIDATION. In the event of the
proposed dissolution or liquidation of the Company, the Administrator shall
notify each Optionee as soon as practicable prior to the effective date of
such proposed transaction. The Administrator in its discretion may provide
for an Optionee to have the right to exercise his or her Option until fifteen
(15) days prior to such transaction as to all of the Optioned Shares,
including Shares as to which the Option would not otherwise be exercisable.
To the extent it has not been previously exercised, an Option will terminate
immediately prior to the consummation of such proposed action.

                (c)     MERGER OR ASSET SALE. In the event of a merger of the
Company with or into another corporation, or the sale of substantially all of
the assets of the Company, each outstanding Option shall be assumed or an
equivalent option substituted by the successor corporation or a Parent or
Subsidiary of the successor corporation. In the event that the successor
corporation refuses to assume or substitute for the Option, the Optionee
shall fully vest in and have the right to exercise the Option as to all of
the Optioned Stock, including Shares as to which it would not otherwise be
vested or exercisable. If an Option becomes fully vested and exercisable in
lieu of assumption or substitution in the event of a merger or sale of
assets, the Administrator shall notify the Optionee in writing or
electronically that the Option shall be fully exercisable for a period of
fifteen (15) days from the date of such notice, and the Option shall
terminate upon the expiration of such period. For the purposes of this
paragraph, the Option shall be considered assumed if, following the merger or
sale of assets, the option confers the right to purchase or receive, for each
Share of Optioned Shares immediately prior to the merger or sale of assets,
the consideration (whether shares, cash, or other securities or property)
received in the merger or sale of assets by holders of Shares for each Share
held on the effective date of the transaction (and if such holders were
offered a choice of consideration, the type of consideration chosen by the
holders of a majority of the outstanding Shares); provided, however, that if
such consideration received in the merger or sale of assets is not solely
ordinary shares (or their equivalent) of the successor corporation or its
Parent, the Administrator may, with the consent of the successor corporation,
provide for the consideration to be received upon the exercise of the Option,
for each Share of Optioned Shares, to be solely ordinary shares (or their
equivalent) of the successor corporation or its Parent equal in fair market
value to the per Share consideration received by holders of Shares in the
merger or sale of assets.

        12.     DATE OF GRANT. The date of grant of an Option shall, for all
purposes, be the date on which the Administrator makes the determination
granting such Option, or such other date as is determined by the Board.
Notice of the determination shall be given to each Service Provider to whom
an Option is so granted within a reasonable time after the date of such grant.

        13.     AMENDMENT AND TERMINATION OF THE PLAN.

                (a)     AMENDMENT AND TERMINATION.  The Board may at any time
amend, alter, suspend or terminate the Plan.

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                (b)     SHAREHOLDER APPROVAL. The Board shall obtain
shareholder approval of any Plan amendment to the extent necessary and
desirable to comply with Applicable Laws.

                (c)     EFFECT OF AMENDMENT OR TERMINATION. No amendment,
alteration, suspension or termination of the Plan shall adversely affect the
rights of any Optionee, unless mutually agreed otherwise between the Optionee
and the Administrator, which agreement must be in writing and signed by the
Optionee and the Company. Termination of the Plan shall not affect the
Administrator's ability to exercise the powers granted to it hereunder with
respect to Options granted under the Plan prior to the date of such
termination.

        14.     CONDITIONS UPON ISSUANCE OF SHARES.

                (a)     LEGAL COMPLIANCE. Shares shall not be issued pursuant
to the exercise of an Option unless the exercise of such Option and the
issuance and delivery of such Shares shall comply with Applicable Laws and
shall be further subject to the approval of counsel for the Company with
respect to such compliance.

                (b)     INVESTMENT REPRESENTATIONS. As a condition to the
exercise of an Option, the Administrator may require the person exercising
such Option to represent and warrant at the time of any such exercise that
the Shares are being purchased only for investment and without any present
intention to sell or distribute such Shares if, in the opinion of counsel for
the Company, such a representation is required.

        15.     INABILITY TO OBTAIN AUTHORITY. The inability of the Company to
obtain authority from any regulatory body having jurisdiction, which authority
is deemed by the Company's counsel to be necessary to the lawful issuance and
sale of any Shares hereunder, shall relieve the Company of any liability in
respect of the failure to issue or sell such Shares as to which such requisite
authority shall not have been obtained.

        16.     RESERVATION OF SHARES. The Company, during the term of this
Plan, shall at all times reserve and keep available such number of Shares as
shall be sufficient to satisfy the requirements of the Plan.

        17.     SHAREHOLDER  APPROVAL.  The Plan shall be subject to approval
by the shareholders of the Company within twelve (12) months after the date
the Plan is adopted. Such shareholder approval shall be obtained in the
manner and to the degree required under Applicable Laws.

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                              ACCORD NETWORKS LTD.
                             2000 SHARE OPTION PLAN
                             SHARE OPTION AGREEMENT

        Unless otherwise defined herein, the terms defined in the Accord
Networks Ltd. 2000 Share Option Plan (the "Plan") shall have the same defined
meanings in this Share Option Agreement.

A.      NOTICE OF SHARE OPTION GRANT

        [OPTIONEE'S NAME AND ADDRESS]

        A. The undersigned Optionee has been granted an Option to purchase
Ordinary Shares of the Company ("Accord Networks Ltd.", a corporation
incorporated under the laws of the State of Israel), subject to the terms and
conditions of the Plan and this Option Agreement, as follows:

        Date of Grant                   _________________________

        Vesting Commencement Date       _________________________

        Exercise Price per Share        $________________________

        Total Number of Shares Granted  _________________________

        Total Exercise Price            $________________________

        Type of Option                  ___  Incentive Stock Option

                                        ___  Nonstatutory Stock Option

        Term/Expiration Date:    _________________________

VESTING SCHEDULE:

        The Option shall be exercisable, in whole or in part, according to
the following vesting schedule:

        25% of the Shares subject to the Option shall vest twelve months
after the Vesting Commencement Date, and 6.25% of the Shares subject to the
Option shall vest at the end of each three-month period thereafter, subject
to the Optionee's continuing to be a Service Provider on such dates.

<PAGE>

TERMINATION PERIOD:

        The Option shall be exercisable for 30 days after the Optionee ceases
to be a Service Provider, provided, however, that upon Optionee's death,
disability, or retirement after age 60 with the approval of the Board, the
Option may be exercised for a period of one year after the Optionee ceases to
be a Service Provider but only to the extent exercisable at such time. To the
extent that the Option is an Incentive Stock Option and is not exercised
within three months after the Optionee's retirement, the unexercised portion
of the Option will automatically become a Nonstatutory Stock Option. In no
event may the Optionee exercise the Option after the Term/Expiration Date as
provided above, unless otherwise determined in the Plan.

        Notwithstanding the above, if an Optionee ceases to be a Service
Provider for Cause (as such term is defined below), all options held by or on
behalf of such Optionee shall immediately expire upon the earlier of
termination for Cause or notice of termination for Cause (unless the Option
Agreement provides otherwise).

For purposes hereof, the term "CAUSE" shall mean (i) a material breach by the
Optionee of its obligations under any agreement with the Company or any
Subsidiary or Parent of the Company, including the Agreement; (ii) the
commission by the Optionee of an act of fraud or embezzlement against the
Company or any Subsidiary or Parent of the Company or the willful taking of
action injurious to the business or prospects of the Company or any
Subsidiary or Parent of the Company; or (iii) the Optionee's conviction of a
felony involving moral turpitude; and, (iv) the Optionee's involvement with
an act which constitutes breach of trust between the Optionee and the Company
or any Subsidiary or Parent of the Company or which constitutes breach of
discipline.

        1. GRANT OF OPTION. The Plan Administrator hereby grants to the
Optionee named in the Notice of Grant (the "OPTIONEE"), an option (the
"OPTION") to purchase the number of Shares set forth in the Notice of Grant,
at the exercise price per Share set forth in the Notice of Grant (the
"EXERCISE PRICE"), and subject to the terms and conditions of the Plan, which
is incorporated herein by reference. Subject to Section 13(c) of the Plan, in
the event of a conflict between the terms and conditions of the Plan and this
Option Agreement, the terms and conditions of the Plan shall prevail.

                If designated in the Notice of Grant as an Incentive Stock
Option ("ISO"), the Option is intended to qualify as an Incentive Stock Option
as defined in Section 422 of the Code. Nevertheless, to the extent that it
exceeds the $100,000 rule of Code Section 422(d), the Option shall be treated
as a Nonstatutory Stock Option ("NSO").

        2. EXERCISE OF OPTION.

                (a) RIGHT TO EXERCISE. The Option shall be exercisable during
its term in accordance with the Vesting Schedule set out in Section A of this
Option Agreement and with the applicable provisions of the Plan.

                (b) METHOD OF EXERCISE. The Option shall be exercisable by
delivery of an exercise notice in the form attached as EXHIBIT A (the
"EXERCISE NOTICE") which shall state the election to exercise the Option, the
number of Shares with respect to which the Option is being exercised, and such
other representations and agreements as may be required by the Company. The
Exercise Notice shall be accompanied by payment of the aggregate Exercise
Price as to all exercised Shares. The Option or any

                                      -2-

<PAGE>
part thereof shall be deemed to be  exercised upon receipt by the Company of
such fully executed Exercise Notice accompanied by the aggregate Exercise
Price.

                No Shares shall be issued pursuant to the exercise of the
Option unless such issuance and such exercise complies with Applicable Laws.
As set forth in Section 9(a) of the Plan, Shares issued pursuant to the
exercise of the Option will be registered in the name of the Optionee.

        3. OPTIONEE'S REPRESENTATIONS. In the event the Shares have not been
registered under the Securities Act of 1933, as amended (the "SECURITIES ACT"),
at the time the Option is exercised, the Optionee shall, if required by the
Company, concurrently with the exercise of all or any portion of the Option,
deliver to the Company his or her Investment Representation Statement in the
form attached hereto as EXHIBIT A.

        4. LOCK-UP PERIOD. The Optionee hereby agrees that, if so requested by
the Company or any representative of the underwriters (the "MANAGING
UNDERWRITER")in connection with any registration of the offering of any
securities of the Company under the Securities Act, the Optionee shall not
sell or otherwise transfer any Shares or other securities of the Company
during the 180-day period (or such other period as may be requested in
writing by the Managing Underwriter and agreed to in writing by the Company)
(the "MARKET STANDOFF PERIOD") following the effective date of a registration
statement of the Company filed under the Securities Act. Such restriction
shall apply only to the first registration statement of the Company to become
effective under the Securities Act that includes securities to be sold on
behalf of the Company to the public in an underwritten public offering under
the Securities Act. The Company may impose stop-transfer instructions with
respect to securities subject to the foregoing restrictions until the end of
such Market Standoff Period.

        5. METHOD OF PAYMENT. Payment of the aggregate Exercise Price shall be
by any of the following, or a combination thereof, at the election of the
Optionee:

                (a) cash or check; or

                (b) consideration received by the Company under a formal
cashless exercise program adopted by the Company in its sole and absolute
discretion in connection with the Plan; or

                (c) any combination of the above methods of payment.

        6. RESTRICTIONS ON EXERCISE. The Option may not be exercised until such
time as the Plan has been approved by the shareholders of the Company, or if
the issuance of such Shares upon such exercise or the method of payment of
consideration for such shares would constitute a violation of any Applicable
Law.

        7. NON-TRANSFERABILITY OF OPTION. The Option may not be transferred in
any manner otherwise than by will or by the laws of descent and may be
exercised during the lifetime of the Optionee only by the Optionee. The terms
of the Plan and this Option Agreement shall be binding upon the executors,
administrators, heirs, successors and assigns of the Optionee.

        8. TERM OF OPTION.  The Option may be exercised only within the term
set out in the Notice of Grant, and may be exercised during such term only in
accordance with the Plan and the terms of this Option Agreement.

                                      -3-
<PAGE>
        9. TAX CONSEQUENCES. Set forth below is a brief summary as of the date
of this Option Agreement of some of the federal tax consequences of exercise
of the Option and disposition of the Shares. THIS SUMMARY IS NECESSARILY
INCOMPLETE, AND THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. THE
OPTIONEE SHOULD CONSULT A TAX ADVISER BEFORE EXERCISING THE OPTION OR
DISPOSING OF THE SHARES.

                (a) EXERCISE OF NSO. There may be a regular federal income tax
liability upon the exercise of an NSO. The Optionee will be treated as having
received compensation income (taxable at ordinary income tax rates) equal to
the excess, if any, of the Fair Market Value of the Shares on the date of
exercise over the Exercise Price. If the Optionee is an Employee or a former
Employee, the Company will be required to withhold from Optionee's
compensation or collect from the Optionee and pay to the applicable taxing
authorities an amount in cash equal to a percentage of this compensation
income at the time of exercise, and may refuse to honor the exercise and
refuse to deliver Shares if such withholding amounts are not delivered at the
time of exercise.

                (b) EXERCISE OF ISO. If the Option qualifies as an ISO, there
will be no regular federal income tax liability upon the exercise of the
Option, although the excess, if any, of the Fair Market Value of the Shares
on the date of exercise over the Exercise Price will be treated as an
adjustment to the alternative minimum tax for federal tax purposes and may
subject the Optionee to the alternative minimum tax in the year of exercise.

                (c) DISPOSITION OF SHARES. In the case of an NSO, if Shares
are held for at least one year, any gain realized on disposition of the
Shares will be treated as long-term capital gain for federal income tax
purposes. In the case of an ISO, if Shares transferred pursuant to the Option
are held for at least one year after exercise and for at least two years
after the Date of Grant, any gain realized on disposition of the Shares will
be treated as long-term capital gain for federal income tax purposes. If
Shares purchased under an ISO are disposed of within one year after exercise
or two years after the Date of Grant, any gain realized on such disposition
will be treated as compensation income (taxable at ordinary income rates) to
the extent of the difference between the Exercise Price and the lesser of (1)
the Fair Market Value of the Shares on the date of exercise, or (2) the sale
price of the Shares. Any additional gain will be taxed as capital gain,
short-term or long-term depending on the period that the ISO Shares were held.

                (d) NOTICE OF DISQUALIFYING DISPOSITION OF ISO SHARES. If the
Option granted to the Optionee herein is an ISO, and if the Optionee sells or
otherwise disposes of any of the Shares acquired pursuant to the ISO on or
before the later of (1)the date two years after the Date of Grant, or (2) the
date one year after the date of exercise, the Optionee shall immediately
notify the Company in writing of such disposition. The Optionee agrees that
the Optionee may be subject to income tax withholding by the Company on the
compensation income recognized by the Optionee.

        10. ENTIRE AGREEMENT; GOVERNING LAW; DISPUTES. The Plan is incorporated
herein by reference. The Plan, this Option Agreement, and the Exercise Notice
constitute the entire agreement of the parties with respect to the subject
matter hereof and supersede in their entirety all prior undertakings and
agreements of the Company and the Optionee with respect to the subject matter
hereof, and may not be modified adversely to the Optionee's interest except by
means of a writing signed by the Company and the Optionee. This Option
Agreement and the Plan shall be governed by and construed in accordance with
the laws of the State of Israel (except for matters with respect to the Code
and the I.R.S. and, in such matters, the laws of the United States shall
apply) and, subject to the provisions of the next paragraph, the competent
courts in the Tel Aviv district of Israel shall have exclusive jurisdiction
with respect to any matter or conflict with respect thereto.

                                      -4-
<PAGE>

                  As a condition of the granting of the Option, the Optionee
and the Optionee's successors and assigns agree that any dispute or
disagreement that shall arise under or as a result of this Option Agreement
shall be determined by the Board, or any committee designated by the Board
pursuant to the Plan, in its sole discretion and judgment and that any such
determination and any interpretation by the Board or any such committee of
the terms of this Option Agreement shall be final and shall be binding and
conclusive for all purposes.

        11. NO GUARANTEE OF CONTINUED SERVICE. THE OPTIONEE ACKNOWLEDGES AND
AGREES THAT THE VESTING OF SHARES PURSUANT TO THE VESTING SCHEDULE HEREOF IS
EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY OR
ANY RELATED COMPANY (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THE
OPTION OR ACQUIRING SHARES HEREUNDER). THE OPTIONEE FURTHER ACKNOWLEDGES AND
AGREES THAT THIS OPTION AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER
AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR
IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING
PERIOD, FOR ANY PERIOD, OR AT ALL, AND SHALL NOT INTERFERE IN ANY WAY WITH
THE OPTIONEE'S RIGHT OR THE COMPANY'S RIGHT TO TERMINATE THE OPTIONEE'S
RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE.

        The Optionee acknowledges receipt of a copy of the Plan and
represents that he or she is familiar with the terms and provisions thereof,
and hereby accepts this Option Agreement subject to all of the terms and
provisions thereof. The Optionee has reviewed the Plan and this Option
Agreement in their entirety, has had an opportunity to obtain the advice of
counsel prior to executing this Option Agreement and fully understands all
provisions of the Option. The Optionee hereby agrees to accept as binding,
conclusive and final all decisions or interpretations of the Board upon any
questions arising under the Plan or this Option Agreement. The Optionee is
aware and agrees that the Company intends to issue additional shares in the
future to various entities and individuals, including preferred shares that
will entitle their holder to preferred rights over the holder of Ordinary
Shares, as the Company in its sole discretion shall determine. The Optionee
further agrees to notify the Company upon any change in the residence address
indicated below.

OPTIONEE                                   ACCORD NETWORKS LTD.

------------------------------------       ------------------------------------
Signature                                  By

------------------------------------       ------------------------------------
Print Name                                 Title

------------------------------------
Address

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

                                      -5-

<PAGE>

                                    EXHIBIT A

                              ACCORD NETWORKS LTD.

                             2000 SHARE OPTION PLAN

                                 EXERCISE NOTICE

Accord Networks Ltd.
94 Derech Em Hamoshavot, P.O.B. 3654
Petach Tikva, 49130, Israel

Attention: Controller

        1. EXERCISE OF OPTION. Effective as of today, ____________ the
undersigned ("OPTIONEE") hereby elects to exercise Optionee's option to
purchase ____________ Ordinary Shares (the "SHARES") of Accord Networks Ltd.
(the "COMPANY") at an exercise price of $___________ per Share under and
pursuant to the 2000 Share Option Plan (the "PLAN") and the Share Option
Agreement dated ______________________ (the "OPTION AGREEMENT"), and delivers
to you the total amount of $_______________, representing the full exercise
price of such Shares.

        2. DELIVERY OF PAYMENT. Purchaser herewith delivers to the Company the
full Exercise Price for the Shares being purchased hereby, as set forth in the
Option Agreement.

        3. REPRESENTATIONS OF OPTIONEE. Optionee acknowledges that Optionee has
received, read and understood the Plan and the Option Agreement and agrees to
abide by and be bound by their terms and conditions.

        4. RIGHTS AS SHAREHOLDER. Optionee acknowledges that until the issuance
of the Shares (as evidenced by the appropriate entry on the books of the
Company or of a duly authorized transfer agent of the Company), no right to
vote or receive dividends or any other rights as a shareholder shall exist
with respect to the Shares, notwithstanding the exercise of the Option, and
that no adjustment will be made for a dividend or other right for which the
record date is prior to the date of issuance except as provided in Section 11
of the Plan. Optionee further acknowledges that the Shares shall be issued to
and registered in the name of Optionee as provided in the Plan.

                  In the event that the Articles, now or at any time hereafter,
provide for a right of first refusal to purchase shares of the Company which
are offered for sale by other shareholders of the Company and/or a
pre-emptive right to purchase shares that are being allotted or shall in the
future be allotted by the Company, Optionee hereby waives such rights.
Optionee shall not sell the Shares or any part thereof to any third party,
unless such third party signs a waiver as aforesaid.

        5. TAX CONSULTATION. Optionee represents that Optionee has consulted
with any tax consultants Optionee deems advisable in connection with the
purchase or disposition of the Shares and that Optionee is not relying on the
Company for any tax advice.

<PAGE>

        6. INVESTMENT REPRESENTATIONS.  The provision of this Section 6 shall
apply only if the Shares have not, at the time of this Exercise Notice, been
registered under the Securities Act of 1933, as amended (the "Securities Act").

        Optionee acknowledges that the issuance of the Shares has not been
registered under the Securities Act in reliance upon exemptions from
registration contained therein, and that the Company's reliance upon such
exemptions is based in part upon Optionee's representations, warranties and
agreements contained in this Exercise Notice. Optionee represents, warrants
and agrees as follows:

        (a) Prior to the execution of this Exercise Notice, Optionee has had
the opportunity to ask questions of and receive answers or obtain additional
information from a representative of the Company concerning the terms and
conditions of the Plan.

        (b) Optionee has carefully read this Exercise Notice and, to the
extent Optionee believes necessary, Optionee has discussed the
representations, warranties and agreements which Optionee makes by signing it
and the applicable limitations upon resale of the Shares with Optionee's
counsel and counsel for the Company.

        (c) Optionee is purchasing the Shares for his or her own account,
with the intention of holding the Shares for investment, with no present
intention of dividing or allowing others to participate in this investment or
of reselling or otherwise participating, directly or indirectly, in a
distribution of the Shares; and Optionee shall not make any sale, transfer or
other disposition of the Shares without registration under the Securities Act
and other Applicable Laws or unless an exemption from registration is
available under those laws, respectively.

        (d) Optionee is familiar with the business in which the Company is
engaged, and based upon his or her knowledge and experience in financial and
business matters, Optionee is familiar with the investments of the sort which
Optionee is undertaking herein and Optionee is capable of evaluating the
merits and risks of this investment.

        (e) This investment is in accord with the nature and size of
Optionee's present investments and net worth, and Optionee is financially
able to bear the economic risk of this investment, including the ability to
afford holding the Shares for an indefinite period or to afford a complete
loss of this investment.

        (f) Optionee is eighteen years of age or older and his or her
principal residence is at the address shown under my signature on the bottom
of this Exercise Notice.

        (g) Optionee understands that the provisions of Rule 144 under the
Securities Act are currently not available to permit resales of these Shares,
and due to the nature of the business of the Company and the conditions of
Rule 144, it is not certain that the conditions necessary to permit routine
sales of the Shares under Rule 144 will ever be satisfied, and, if Rule 144
should become available, routine sales made in reliance upon its provisions
could be made only in limited amounts and in accordance with the terms and
conditions of Rule 144. Optionee further understands that in connection with
sales of Shares for which Rule 144 is not available, compliance with
Regulation A or some other registration exemption will be required.

                                      -2-
<PAGE>

        (h) Optionee understands that the Company is under no obligation to
register the Shares or to comply with the conditions of Rule 144 or take any
other action necessary in order to make any exemption for the sale of the
Shares without registration available.

        (i) Optionee understands and agrees that stop transfer instructions
will be given to the Company's transfer agent or the officer in charge of its
stock records and noted on the appropriate records of the Company to the
effect that the Shares may not be transferred out of Optionee's name unless
approval is first obtained from the Company. Optionee further agrees that
there will be placed on the certificates for the Shares, or any substitutions
therefor, a legend stating in substance as follows, and Optionee understands
and agrees that the Company may refuse to permit the transfer of the Shares
out of Optionee's name and that the Shares must be held indefinitely in the
absence of compliance with the terms of such legend:

        THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
        SECURITIES ACT OF 1933 (THE "ACT") AND MAY NOT BE OFFERED, SOLD OR
        OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL
        REGISTERED UNDER THE ACT OR, IN THE OPINION OF COMPANY COUNSEL
        SATISFACTORY TO THE ISSUER OF THESE SECURITIES, SUCH OFFER, SALE OR
        TRANSFER, PLEDGE OR HYPOTHECATION IS IN COMPLIANCE THEREWITH.

        THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN
        RESTRICTIONS ON TRANSFER AND A RIGHT OF FIRST REFUSAL HELD BY THE
        SHAREHOLDERS OF THE ISSUER OR THEIR ASSIGNEE(S) AS SET FORTH IN THE
        ARTICLES OF ASSOCIATION OF THE ISSUER, A COPY OF WHICH MAY BE OBTAINED
        AT THE PRINCIPAL OFFICE OF THE ISSUER. SUCH TRANSFER RESTRICTIONS AND
        RIGHT OF FIRST REFUSAL ARE BINDING ON TRANSFEREES OF THESE SHARES.

        7. SUCCESSORS AND ASSIGNS. The Company may assign any of its rights
under this Exercise Notice to single or multiple assignees, and this Exercise
Notice shall inure to the benefit of the successors and assigns of the
Company. Subject to the restrictions on transfer herein set forth, this
Exercise Notice shall be binding upon Optionee and his or her heirs,
executors, administrators, successors and assigns.

        8. GOVERNING LAW; SEVERABILITY; DISPUTES. This Exercise Notice, the
Option Agreement and the Plan shall be governed by and construed in
accordance with the laws of the State of Israel (except for matters with
respect to the Code and the I.R.S. and, in such matters, the laws of the
United States shall apply) and, subject to the provisions of the next
paragraph, the competent courts in the Tel Aviv district of Israel shall have
exclusive jurisdiction with respect to any matter or conflict with respect
thereto.

        As a condition of the granting of the Option, Optionee and Optionee's
successors and assigns agree that any dispute or disagreement that shall
arise under or as a result of this Exercise Notice shall be determined by the
Board, or any committee designated by the Board pursuant to the Plan, in its
sole discretion and judgment and that any such determination and any
interpretation by the Board or any such committee of the terms of this
Exercise Notice shall be final and shall be binding and conclusive for all
purposes.

                                      -3-
<PAGE>
        9. ENTIRE AGREEMENT. The Plan and Option Agreement are incorporated
herein by reference. This Exercise Notice, the Plan and the Option Agreement
constitute the entire agreement of the parties with respect to the subject
matter hereof and supersede in their entirety all prior undertakings and
agreements of the Company and Optionee with respect to the subject matter
hereof, and may not be modified adversely to Optionee's interest except by
means of a writing signed by the Company and Optionee.

Submitted by:                              Accepted by:

OPTIONEE                                   ACCORD NETWORKS LTD.

---------------------------------          ---------------------------------
Signature                                  By

---------------------------------          ---------------------------------
Print Name                                 Title

ADDRESS:                                   ADDRESS:

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

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

                                           ---------------------------------
                                           Date Received

                                      -4-<PAGE>

                                                                    EXHIBIT 4.4

                              ACCORD NETWORKS, LTD.
                  2000 NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN

        1.      PURPOSE.  The purpose of the Accord Networks, Ltd. 2000
Non-Employee Director Stock Option Plan (the "Plan") is to advance the
interests of Accord  Networks,  Ltd. (the "Company") by encouraging
ownership of the Company's ordinary shares, and such other securities of the
Company as may be substituted for such shares pursuant to Section 6 hereof
(the "Shares") by certain non-employee  directors of the Company,  thereby
giving such directors an increased incentive to devote their efforts to the
success of the Company.

        2.      ADMINISTRATION. Grants of options under this Plan are automatic
and shall be made subject to and in accordance with the Israeli Companies
Ordinance (New Version) 5743-1983 or any other law or statute replacing it.
This Plan is intended to be a "formula plan" for purposes of Section 16(b) of
the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and
shall be interpreted accordingly. The Board of Directors of the Company, or a
committee thereof, has authority to interpret the Plan and otherwise
administer the plan in accordance with its terms.

        3.      ELIGIBILITY. Except as provided otherwise in this Section 3,
options under the Plan shall be granted in accordance with Section 5 to each
Non-Employee Director (as defined below) of the Company; provided that Shares
remain available for grant hereunder in accordance with Section 4. For
purposes of this Plan, a "Non-Employee Director" shall mean each member of
the Company's Board of Directors who is not an employee of the Company or of
any affiliate of the Company. A Non-Employee Director to whom an option is
granted under the Plan shall be referred to hereinafter as a "Grantee."

        4.      SHARES SUBJECT TO PLAN. The Shares subject to the Plan shall be
authorized but unissued or reacquired Shares. Subject to adjustment in
accordance with the provisions of Section 6 of the Plan, the maximum number
of Shares for which options may be granted under the Plan shall be 200,000,
and the initial adoption of the Plan by the Board of Directors of the Company
and the approval of the Plan by the shareholders of the Company shall
constitute a reservation of 200,000 authorized but unissued, or reacquired,
Shares for issuance only upon the exercise of options granted under the Plan.
In the event that any outstanding option granted under the Plan for any
reason expires or is terminated prior to the end of the period during which
options may be granted under the Plan, the Shares allocable to the
unexercised portion of such option may again be subject in whole or in part
to any option granted under the Plan.

        5.      TERMS AND CONDITIONS OF OPTIONS. Options granted pursuant to
the Plan shall be evidenced by Stock Option Agreements in such form as may be
approved by the Board of Directors, which agreements shall be duly executed
and delivered on behalf of the Company. The Stock Option Agreements shall
contain such terms, provisions and conditions not inconsistent with the Plan
as may be determined by the Board. The options shall be granted in compliance
with and subject to the following terms and conditions:

<PAGE>

        (a)     GRANT. Each Non-Employee Director of the Company shall be
granted an option to purchase 25,000 Shares, subject to adjustment as
provided in Section 6, on the later of (i) the date of approval of the Plan
by the Company's shareholders, or (ii) the date such person first becomes a
Non-Employee Director. In addition, as of the day following the first annual
meeting of the Company's shareholders that occurs more than one year after
the person first becomes a Non-Employee Director and on the day following
each subsequent annual meeting of the Company's shareholders, if such person
is serving as a Non-Employee Director as of such date, such Non-Employee
Director shall be granted an option to purchase 2,500 Shares, subject to
adjustment as provided in Section 6. Each such day that options are to be
granted under the Plan is referred to hereinafter as a "Grant Date."

        If on any Grant Date, Shares are not available under this Plan to grant
to Non-Employee Directors the full amount of a grant contemplated by the
immediately preceding paragraph, then each Non-Employee Director shall
receive an option (a "Reduced Grant") to purchase Shares in an amount equal
to the number of Shares then available under the Plan divided by the number
of Non-Employee Directors as of the applicable Grant Date. Fractional Shares
shall be ignored and not granted.

        If a Reduced Grant has been made and, thereafter, during the term of
this Plan, additional Shares become available for grant (e.g., because of the
forfeiture or lapse of an option), then each person who was a Non-Employee
Director both on the Grant Date on which the Reduced Grant was made and on
the date additional Shares become available (a "Continuing Non-Employee
Director") shall receive an additional option to purchase Shares. The number
of newly available Shares shall be divided equally among the options granted
to the Continuing Non-Employee Directors; provided, however, that the
aggregate number of Shares subject to a Continuing Non-Employee Director's
additional option plus any prior Reduced Grant to the Continuing Non-Employee
Director on the applicable Grant Date shall not exceed 2,500 Shares (subject
to adjustment pursuant to Section 6). If more than one Reduced Grant has been
made, available options first shall be granted with respect to the earliest
such Grant Date.

        (b)     OPTION EXERCISE PRICE. The option exercise price for each
option granted under the Plan shall be the Fair Market Value (as defined
below) of the Shares subject to the option on the date of grant of the
option. For purposes of the Plan, the "Fair Market Value" on any date, means:

                (i)     If the Shares are listed on a U.S national securities
        exchange or the Nasdaq National Market or The Nasdaq SmallCap Market of
        The Nasdaq Stock Market, their Fair Market Value shall be the closing
        sales price for such Shares (or the closing bid, if no sales were
        reported) as quoted on such exchange or system for the last market
        trading day prior to the time of determination, as reported in The Wall
        Street Journal or such other source as the Administrator (as defined
        herein) deems reliable. The Administrator is defined as the Board of
        Directors or a Committee appointed by the Board, subject to the
        Articles of Association of the Company as shall be in effect from time
        to time, which Committee shall be constituted to comply with all
        applicable laws;

                                      -2-
<PAGE>
                (ii)    If the Shares are listed on the Tel Aviv Stock
        Exchange, but are not traded on a U.S national securities exchange or
        the Nasdaq National Market or The Nasdaq Small Cap Market, their Fair
        Market Value shall be the closing sales price for such Shares (or the
        closing bid if no sales were reported) as quoted on such exchange for
        the last market trading day prior to the time of determination, as
        reported in Globes, HaAretz or such other source as the Administrator
        deems reliable;

                (iii)   If the Shares are regularly quoted by a recognized
        securities dealer but selling prices are not reported, their Fair
        Market Value shall be the mean between the high bid and low asked
        prices for the Shares on the last market trading day prior to the day
        of determination, or;

                (iv)    In the absence of an established market for the Shares,
        the Fair Market Value  thereof shall be determined in good faith by the
        Board.

        (c)     MEDIUM AND TIME OF PAYMENT. The option price shall be payable
in full upon the exercise of an option in cash or in such other form as shall
be determined by the Company at or after the date of grant. To the extent
permitted under Regulation T of the Federal Reserve Board, and subject to
applicable securities laws, options may be exercised through a broker in a
so-called "cashless exercise" whereby the broker sells the option Shares and
delivers cash sales proceeds to the Company in payment of the exercise price.

        (d)     TERM. Each option granted under the Plan shall, to the extent
not previously exercised, terminate and expire on the date ten (10) years after
the date of grant of the option, unless earlier terminated as provided
hereinafter in Section 5(g).

        (e)     VESTING AND EXERCISABILITY. Each option granted under this Plan
shall vest (become exercisable) in equal annual installments over the four-year
period following the Date of Grant.

        Notwithstanding the foregoing, in the event of a Change in Control (as
hereinafter defined) of the Company, the options shall become fully vested and
exercisable. For purposes of the Plan and any options granted hereunder, a
"Change in Control" means and includes each of the following:

        (i)     The acquisition by any individual, entity or group (within the
        meaning of Section 13(d)(3) or 14(d)(2) of the 1934 Act) (a "Person")
        of beneficial ownership (within the meaning of Rule 13d-3 promulgated
        under the 1934 Act) of 25% or more of the combined voting power of the
        then outstanding voting securities of the Company entitled to vote
        generally in the election of directors (the "Outstanding Company Voting
        Securities"); provided, however, that for purposes of this subsection
        (i), the following acquisitions shall not constitute a Change of
        Control: (1) any acquisition by a Person who is on January 1, 2000 the
        beneficial owner of 25% or more of the Outstanding Company Voting
        Securities, (2) any acquisition directly from the Company, (3) any
        acquisition by the Company, (4) any acquisition by any employee benefit
        plan (or related trust) sponsored or maintained by the Company or any
        corporation controlled by the Company, or (5) any acquisition by any

                                      -3-
<PAGE>
        corporation pursuant to a transaction which complies with clauses (1),
        (2) and (3) of subsection (ii) of this definition; or

        (ii)    Consummation of a reorganization, merger or consolidation or
        sale or other disposition of all or substantially all of the assets of
        the Company (a "Business Combination"), in each case, unless, following
        such Business Combination, (1) all or substantially all of the
        individuals and entities who were the beneficial owners of the
        Outstanding Company Voting Securities immediately prior to such
        Business Combination beneficially own, directly or indirectly, more
        than 50% of the combined voting power of the then outstanding voting
        securities entitled to vote generally in the election of directors of
        the corporation resulting from such Business Combination (including,
        without limitation, a corporation which as a result of such transaction
        owns the Company or all or substantially all of the Company's assets
        either directly or through one or more subsidiaries) in substantially
        the same proportions as their ownership, immediately prior to such
        Business Combination of the Outstanding Company Voting Securities, and
        (2) no Person (excluding any corporation resulting from such Business
        Combination or any employee benefit plan (or related trust) of the
        Company or such corporation resulting from such Business Combination)
        beneficially owns, directly or indirectly, 25% or more of the combined
        voting power of the then outstanding voting securities of such
        corporation except to the extent that such ownership existed prior to
        the Business Combination, and (3) at least a majority of the members of
        the board of directors of the corporation resulting from such Business
        Combination were members of the Company's Board of Directors at the
        time of the execution of the initial agreement, or of the action of the
        Board, providing for such Business Combination; or

        (iii)   Approval by the shareholders of the Company of a complete
liquidation or dissolution of the Company.

        (f)     METHOD OF EXERCISE. All options granted under the Plan shall be
exercised by an irrevocable written notice directed to the Secretary of the
Company at the Company's principal place of business on a form approved by the
Company. Unless the exercise is a broker-assisted "cashless exercise" as
described in Section 5(c), such written notice shall be accompanied by payment
in full of the option price for the Shares for which such option is being
exercised. The Company shall make delivery of certificates representing the
Shares for which an option has been exercised within a reasonable period of
time; provided, however, that the Company shall have no obligation to deliver
any certificate or certificates upon exercise of an option until one of the
following conditions shall be satisfied: (i) the shares with respect to which
the option has been exercised are at the time of the issue of such shares
effectively registered under applicable federal and state securities laws as
now in force or hereafter amended, or (ii) counsel for the Company shall have
given an opinion that such shares are exempt from registration under Federal
and state securities laws as now in force or hereafter amended; and the
Company has complied with all applicable laws and regulations with respect
thereto, including without limitation all regulations required by any stock
exchange upon which the Company's outstanding Shares are then listed. If any
further law, regulation or agreement requires the Company to take any action
with respect to the Shares for which an option has been exercised before the
issuance thereof, then the date of

                                      -4-
<PAGE>

delivery of such Shares shall be extended for the period necessary to take
such action. Certificates representing Shares for which options are exercised
under the Plan may bear such restrictive legends as may be necessary or
desirable in order to comply with applicable securities laws. Nothing
contained in the Plan shall be construed to require the Company to register
any Shares underlying options granted under this Plan.

        (g)     EFFECT OF TERMINATION OF DIRECTORSHIP OR DEATH.

                (i)     TERMINATION OF DIRECTORSHIP. Upon termination of any
        Grantee's membership on the Board of Directors of the Company for any
        reason other than for Cause or death, the options held by the Grantee
        under the Plan shall terminate ninety (90) days following the date of
        termination of the Grantee's membership on the Board of Directors or,
        if earlier, on the date of expiration of the options as provided by
        Section 5(d) of the Plan. If the Grantee's membership on the Board of
        Directors is terminated for Cause (as defined herein), all options
        granted to such Grantee shall expire upon such termination. The term
        "Cause" as used herein shall include, but shall not be limited to,
        gross neglect of duty, engaging in any activity which is in conflict
        with or adverse to the business or other interests of the Company,
        willful misconduct on the part of Grantee, misfeasance or malfeasance
        of duty causing a violation of any law which is reasonably determined
        to be detrimental to the Company, and breach of a fiduciary duty owed
        to the Company.

                (ii)    DEATH. In the event of the death of a Grantee, the
        Grantee's personal representatives, heirs or legatees (the "Grantee's
        Successors") may exercise the options held by the Grantee on the date
        of death, upon proof satisfactory to the Company of their authority.
        The Grantee's Successors must exercise any such options within one (1)
        year after the Grantee's death and in any event prior to the date on
        which the options expire as provided by Section 5(d) of the Plan. Such
        exercise otherwise shall be subject to the terms and conditions of the
        Plan.

        (h)     TRANSFERABILITY OF OPTIONS. Any option granted pursuant to the
Plan shall be assignable or transferable by the Grantee by will, by the laws of
descent and distribution, or pursuant to a domestic relations order that would
satisfy Section 414(p)(1)(A) of the Internal Revenue Code of 1986, as amended,
if such provision applied to an option under the Plan. In addition, any option
granted pursuant to the Plan shall be transferable by the Grantee to any of the
following permitted transferees, upon such reasonable terms and conditions as
the Board of Directors may establish: any child, stepchild, grandchild, parent,
stepparent, grandparent, spouse, former spouse, sibling, niece, nephew,
mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or
sister-in-law, including adoptive relationships, any person sharing the
Grantee's household (other than a tenant or employee), a trust in which these
persons (or the Grantee) have more than fifty percent of the beneficial
interests, a foundation in which these persons (or the Grantee) control the
management of assets, and any other entity in which these persons (or the
Grantee) own more than fifty percent of the voting interests, any partnership
in

                                      -5-
<PAGE>

which the Grantee is a partner, the employer of the Grantee, and an entity in
which the Grantee serves as a director.

        (i)     RIGHTS AS SHAREHOLDER. Neither the Grantee nor the Grantee's
Successors shall have rights as a shareholder of the Company with respect to
Shares covered by the Grantee's option until the Grantee or the Grantee's
Successors become the holder of record of such Shares.

        (j)     NO GRANTS  AFTER TEN YEARS.  No options shall be granted except
within a period of ten (10) years after the effective date of the Plan.

        6.      ADJUSTMENTS UPON CHANGES IN CAPITALIZATION; BUSINESS
TRANSACTIONS.

        (a)     In the event of a corporate transaction involving the Company
(including, without limitation, any stock dividend, stock split, extraordinary
cash dividend, recapitalization, reorganization, merger, consolidation,
split-up, spin-off, combination or exchange of shares), the authorization
limits under Section 4 shall be adjusted proportionately, and the Board may
adjust options to preserve the benefits or potential benefits of the options.
Action by the Board may include: (i) adjustment of the number and kind of
shares which may be delivered under the Plan; (ii) adjustment of the number
and kind of shares subject to outstanding options; (iii) adjustment of the
exercise price of outstanding options; and (iv) any other adjustments that
the Board determines to be equitable. Without limiting the foregoing, in the
event a stock dividend or stock split is declared upon the Ordinary Shares,
the authorization limits under Section 4 shall be increased proportionately,
and the Ordinary Shares then subject to each option shall be increased
proportionately without any change in the aggregate purchase price therefor.

        (b)     In the event of a Change in Control of the Company, each option
granted under the Plan which is outstanding but unvested as of the effective
date of the Change in Control shall become exercisable pursuant to Section 5
hereof. In addition, the Board shall make appropriate provision in order to
preserve but not exceed the value of outstanding options, for the continuation
of all outstanding options by substituting on an equitable basis for the shares
then subject to such options the consideration payable with respect to the
outstanding Ordinary Shares in connection with the Change in Control.

        7.      EFFECTIVE DATE AND TERMINATION OF PLAN.

        (a)     EFFECTIVE  DATE.  The Plan shall become effective upon approval
of the same by the Board of Directors of the Company, and the shareholders of
the Company.

        (b)     TERMINATION. The Plan shall terminate on the second day
following the 2010 annual meeting of shareholders of the Company, but the Board
of Directors may terminate the Plan at any time prior to such date. The Board of
Directors may, at any time and from time to time, amend or modify the Plan
without shareholder approval; provided, however, that: (i) the Board may
condition any amendment or modification on the approval of shareholders of the
Company if such approval is necessary or deemed advisable with respect to tax,
securities or other applicable laws, policies or regulations; and (ii) that the
Board may not without approval by the

                                      -6-
<PAGE>
shareholders of the Company, increase the maximum number of Ordinary Shares as
to which options may be granted under the Plan (except by adjustment pursuant
to Section 6 herein) or extend the termination date of the Plan. No amendment
modification or termination of the Plan shall adversely affect the rights of
the Grantees who have outstanding options without the consent of such
Grantees.

        8.      NO OBLIGATION TO EXERCISE OPTION.  The granting of an option
shall impose no obligation upon the Grantee to exercise such option.

        The foregoing is hereby acknowledged as being the Accord Networks Ltd.
2000 Non-Employee Director Stock Option Plan as adopted by the Board of
Directors of the Company on January 26, 2000.

                                           ACCORD NETWORKS LTD.

                                           By:______________________________
                                           Its:_____________________________

                                      -7-
<PAGE>

                      NON-QUALIFIED STOCK OPTION AGREEMENT
                                    under the
                              ACCORD NETWORKS LTD.
                  2000 NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN

                         (OPTION AWARD FOR 2000 SERVICE)

                  Optionee:_______________________________________________

                  Number Shares Subject to Option:________________________

                  Exercise Price per Share:_______________________________

                  Date of Grant:__________________________________________

        1.      GRANT OF OPTION. Accord Networks Ltd. (the "Company") hereby
grants to the Optionee named above (the "Optionee"), under the Accord Networks
Ltd. 2000 Non-Employee Director Stock Option Plan (the "Plan"), a
Non-Qualified Stock Option to purchase, on the terms and conditions set forth
in this agreement (this "Option Agreement"), the number of ordinary shares of
the Company indicated above (the "Shares"), at the exercise price per share
set forth above (the "Option"). Capitalized terms used herein and not
otherwise defined shall have the meanings assigned such terms in the Plan.

        2.      VESTING OF OPTION. Unless the exercisability of the Option is
accelerated in accordance with Section 5 of the Plan pursuant to a Change in
Control, the Option shall vest (become exercisable) in accordance with the
following schedule provided that the Optionee has continuously served as a
member of the Company's Board of Directors through such vesting date:

<TABLE>
<CAPTION>
                                 Number of Option         Aggregate Percent
               Date               Shares Vesting               Vested
               ----               --------------               ------
<S>                               <C>                          <C>
                                                                 25%
                                                                 50%
                                                                 75%
                                                                100%
</TABLE>

        3.      PERIOD OF OPTION AND LIMITATIONS ON RIGHT TO EXERCISE. The
Option will, to the extent not previously exercised, lapse under the earliest
of the following circumstances; provided, however, that the Committee may,
prior to the lapse of the Option under the circumstances described in
paragraphs (b) and (c) below, provide in writing that the Option will extend
until a later date:

<PAGE>
                (a)     The Option shall lapse on the tenth anniversary of the
        date of grant (the "Expiration Date").

                (b)     The Option shall lapse three months after the
        Optionee's termination of directorship for any reason other than the
        Optionee's death; provided, however, that if the Optionee's
        directorship is terminated by the Company for Cause, the Option shall
        lapse immediately.

                (c)     If the Optionee dies while serving as a director, or
        during the three-month period described in subsection (b) above, and
        before the Option otherwise lapses, the Option shall lapse one year
        after the date of the Optionee's death. Upon the Optionee's death, the
        Option may be exercised by the Optionee's beneficiary.

        If the Optionee or his or her beneficiary exercises an Option after
termination of directorship, the Option may be exercised only with respect to
the Shares that were otherwise vested on the Optionee's termination of
directorship (including vesting by acceleration in accordance with Section 5(e)
of the Plan).

        4.      EXERCISE OF OPTION. The Option shall be exercised by written
notice directed to the Secretary of the Company at the principal executive
offices of the Company, in substantially the form attached hereto as EXHIBIT A,
or such other form as the Committee may approve. Unless the exercise is a
broker-assisted "cashless exercise" as described below, such written notice
shall be accompanied by full payment in cash, for the number of Shares
specified in such written notice. To the extent permitted under Regulation T
of the Federal Reserve Board, and subject to applicable securities laws, the
Option may be exercised through a broker in a so-called "cashless exercise"
whereby the broker sells the Option Shares and delivers cash sales proceeds
to the Company in payment of the exercise price. In such case, the date of
exercise shall be deemed to be the date on which notice of exercise is
received by the Company and the exercise price shall be delivered to the
Company on the settlement date.

        Subject to the terms of this Option Agreement, the Option may be
exercised at any time and without regard to any other option held by the
Optionee to purchase Shares of the Company.

        5.      WITHHOLDING. The Company has the authority and the right to
deduct or withhold, or require the Optionee to remit to the Company, an amount
sufficient to satisfy international, federal, state, and local taxes required
by law to be withheld with respect to any taxable event arising as a result
of the exercise of the Option. Such withholding requirement may be satisfied,
in whole or in part, at the election of the Company, by withholding from the
Option Shares having a Fair Market Value on the date of withholding equal to
the minimum amount (any not any greater amount) required to be withheld for
tax purposes, all in accordance with such procedures as the Board establishes.

                                      -2-
<PAGE>

       7.       LIMITATION OF RIGHTS. The Option does not confer to the
Optionee or the Optionee's personal representative any rights of a
shareholder of the Company unless and until Shares are in fact issued to such
person in connection with the exercise of the Option. Nothing in this Option
Agreement shall interfere with or limit in any way the right of the Company
to terminate the Optionee's directorship at any time, nor confer upon the
Optionee any right to continue as a director of the Company.

        8.      STOCK RESERVE.  The Company shall at all times during the term
of this Option Agreement reserve and keep available such number of Shares as
will be sufficient to satisfy the requirements of this Option Agreement.

        9.      OPTIONEE'S  COVENANT.  The Optionee hereby agrees to use his or
her best efforts to provide services to the Company in a workmanlike manner and
to promote the Company's interests.

        10.     RESTRICTIONS ON TRANSFER AND PLEDGE. The Option may not be
pledged, encumbered, or hypothecated to or in favor of any party other than
the Company or a Parent or Subsidiary, or be subject to any lien, obligation,
or liability of the Optionee to any other party other than the Company. The
Option is not assignable or transferable by the Optionee other than pursuant
to the terms of the Plan. The Option may be exercised during the lifetime of
the Optionee only by the Optionee or any Permitted Transferee (as such term
is defined herein). Permitted Transferee is defined as a transferee
assignable or transferable by the Optionee by will, by the laws of descent
and distribution, or pursuant to a domestic relations order that would
satisfy Section 414(p)(1)(A) of the Internal Revenue Code of 1986, as
amended, if such provision applied to an option under the Plan. In addition,
the following may be Permitted Transferees, upon such reasonable terms and
conditions as the Board of Directors may establish: any child, stepchild,
grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling,
niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law,
brother-in-law, or sister-in-law, including adoptive relationships, any
person sharing the Optionee's household (other than a tenant or employee), a
trust in which these persons (or the Optionee) have more than fifty percent
of the beneficial interests, a foundation in which these persons (or the
Optionee) control the management of assets, and any other entity in which
these persons (or the Optionee) own more than fifty percent of the voting
interests, any partnership in which the Grantee is a partner, the employer of
the Grantee, and an entity in which the Grantee serves as a director.

        11.     RESTRICTIONS ON ISSUANCE OF SHARES. If at any time the Board
shall determine in its discretion, that listing, registration or
qualification of the Shares covered by the Option upon any securities
exchange or under any state or federal law, or the consent or approval of any
governmental regulatory body, is necessary or desirable as a condition to the
exercise of the Option, the Option may not be exercised in whole or in part
unless and until such listing, registration, qualification, consent or
approval shall have been effected or obtained free of any conditions not
acceptable to the Board.

                                      -3-
<PAGE>

        12.     PLAN CONTROLS. The terms contained in the Plan are incorporated
into and made a part of this Option Agreement and this Option Agreement shall
be governed by and construed in accordance with the Plan. In the event of any
actual or alleged conflict between the provisions of the Plan and the
provisions of this Option Agreement, the provisions of the Plan shall be
controlling and determinative.

        13.     SUCCESSORS.  This Option Agreement shall be binding upon any
successor of the Company, in accordance with the terms of this Option
Agreement and the Plan.

        14.     SEVERABILITY.  If any one or more of the provisions contained
in this Option Agreement are invalid, illegal or  unenforceable, the other
provisions of this Option  Agreement will be construed and enforced as if the
invalid, illegal or unenforceable provision had never been included.

        15.     NOTICE.  Notices and communications under this Option Agreement
must be in writing  and either personally delivered or sent by registered or
certified United States or Israel mail, return receipt requested, postage
prepaid. Notices to the Company must be addressed to:

                ACCORD NETWORKS LTD.
                94 DERECH EM HAMOSHAVOT, P.O.B. 3654
                PETACH TIKVA
                ISRAEL
                ATTN: MR. ORI SHACHAR

or any other address designated by the Company in a written notice to the
Optionee. Notices to the Optionee will be directed to the address of the
Optionee then currently on file with the Company, or at any other address given
by the Optionee in a written notice to the Company.

        IN WITNESS WHEREOF, Accord Networks Ltd., acting by and through its
duly authorized officers, has caused this Option Agreement to be executed, and
the Optionee has executed this Option Agreement, all as of the day and year
first above written.

                                           ACCORD NETWORKS LTD.

                                           By: _____________________
                                           Name: ___________________
                                           Title: __________________

                                           OPTIONEE:

                                           _________________________

                                      -4-

<PAGE>

                                    EXHIBIT A

                    NOTICE OF EXERCISE OF OPTION TO PURCHASE
                               ORDINARY SHARES OF
                              ACCORD NETWORKS LTD.

                                           Name:
                                           _________________________________
                                           Address:
                                           _________________________________
                                           _________________________________
                                           Date:
                                           _________________________________

ACCORD NETWORKS LTD.
94 DERECH EM HAMOSHAVOT, P.O.B. 3654
PETACH TIKVA
ISRAEL
ATTENTION: MR. ORI SHACHAR

Re:      Exercise of Non-Qualified Stock Option

         I elect to purchase ______________ ordinary shares of Accord Networks
Ltd. pursuant to the Accord Networks Ltd. Non-Qualified Stock Option Agreement
dated ______________ and the Accord Networks Ltd. 2000 Non-Employee Director
Stock Option Plan. The purchase will take place on the Exercise Date, which
will be (i) as soon as practicable following the date this notice and all
other necessary forms and payments are received by the Company, unless I
specify a later date (not to exceed 30 days following the date of this
notice), or (ii) in the case of a Broker-assisted cashless exercise (as
indicated below), the date of this notice.

        On or before the Exercise Date (or, in the case of a Broker-assisted
cashless exercise, on the settlement date following the Exercise Date), I will
pay the full exercise price in the form specified below (check one):

        [ ]     CASH ONLY: by delivering a check to Accord Networks Ltd. for
                $___________.

        [ ]     CASH FROM BROKER: by delivering the purchase price from
                _______________________, a broker, dealer or other "creditor"
                as defined by Regulation T issued by the Board of Governors of
                the Federal Reserve System (the "Broker"). I authorize the
                Company to issue a share certificate in the number of shares
                indicated above in the name of the

                                      -5-

<PAGE>
                Broker in accordance with instructions received by the Company
                from the Broker and to deliver such share certificate directly
                to the Broker (or to any other party specified in the
                instructions from the Broker) upon receiving the exercise price
                from the Broker.

        Please deliver the share certificate to me (unless I have chosen to pay
        the purchase price through a Broker).

                                           Very truly yours,

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

AGREED TO AND ACCEPTED:

ACCORD NETWORKS LTD.

By: ___________________________________

Title: ________________________________

Number of Option Shares
Exercised: ____________________________

Number of Option Shares
Remaining: ____________________________

Date: _________________________________

                                      -6-

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