Document:

EXHIBIT 10.8
                              PROGINET CORPORATION
                    INDEPENDENT DIRECTORS; STOCK OPTION PLAN
                 (amended and restated as of February 21, 1995)

         WHEREAS, Proginet Corporation (the "Company") has previously adopted
the Proginet Corporation Independent Directors; Stock Option Plan (the
"Directors' Plan") by action of the Board of Directors of the Company dated
October 18, 1994; and

         WHEREAS, the Company now wishes to amend and restate the Directors'
Plan.

         NOW THEREFORE, the Directors' Plan is hereby amended and restated , as
of February 21, 1995, to read in its entirety as follows:

SECTION 1.        PURPOSE

         The purpose of the Directors' Plan is to promote the interests of the
Company and its stockholders by retaining the current independent directors of
the Company, giving such individuals an opportunity to acquire proprietary
interests in the Company, and creating an increased personal interest in the
continued success and progress of the Company. As used in this Directors' Plan,
the term "Independent Director" means a director of the Company who is not an
officer or employee of the company, or is not, directly or indirectly, together
with members of his or her "immediate family" (as that term is defined in Rule
16a-1(e) promulgated under the Securities Exchange Act of 1934 (the "Exchange
Act")), the beneficial owner of five percent (5%) or more of the Company's
Common Stock (the "Common Stock"), including "derivative securities", as that
term is defined in Rule 16a-1(c) promulgated under the Exchange Act, related to
the Company's Common Stock. The term "Independent Director" shall not include
any director of the Company who in writing excludes himself or herself from
participation in the Directors' Plan.

SECTION 2.        NON-STATUTORY OPTIONS

         It is intended that options to purchase shares of Common Stock granted
under the Directors' Plan shall be non-qualified or non-statutory options, and
not incentive stock options within the meaning of Section 422A of the Internal
Revenue Code of 1986, as amended. Non-statutory options granted under the
Directors' Plan are hereinafter referred to as "Options." Shares of Common Stock
issued upon the exercise of options granted hereunder may be authorized but
unissued shares, or shares held in the Company's treasury.

SECTION 3.        ADMINISTRATION OF THE DIRECTORS' PLAN

         The Directors' Plan shall be administered by the Compensation and Stock
Option Committee (the "Committee") of the Company's Board of Directors (the
"Board").

SECTION 4.        GRANTING OF OPTIONS

         4.1      Subject to the  provisions  of the Plan,  Options to  purchase
                  sixty-thousand  (60,000) shares of the Company's  Common Stock
                  shall be awarded to each  Independent  Director of the company
                  on the effective date of the Plan.

         The number of shares for which Options granted under this Section 4 are
exercisable shall be subject to adjustment as provided in Section 10.

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         The total number of shares of Common Stock for which Options may be
granted under the Directors' Plan is 120,000 subject to adjustment as provided
in Section 10. Options granted pursuant to the Plan shall reduce the number of
shares available for awards pursuant to the Company's Equity Incentive Plan by
the number of shares of Common Stock for which Options are granted hereunder. If
an option granted under the Directors' Plan shall expire or terminate for any
reason without having been exercised in full, the unpurchased shares subject to
the Option shall (unless the Directors' Plan shall terminate) become available
for the grant of awards under the Company's Equity Incentive Plan.

SECTION 5.        TERMS OF OPTIONS

         Options granted under the Directors' Plan shall be fully vested
according to the following schedule: 30,000 shares upon the closing of the
initial public offering of the Company's Common Stock on the Vancouver Stock
Exchange and 10,000 shares per quarter commencing June 30, 1995 and ending
December 31, 1995. No Option may be exercised after ten (10) years from the date
the Option is granted, and Options shall be subject to earlier termination as
hereinafter provided.

         The purchase price of a share of Common Stock covered by the Options
granted under Section 4 shall be equal to the initial public offering price of
the Company's Common Stock in the initial public offering of the Company's
Common Stock on the Vancouver Stock Exchange. Such price shall be subject to
adjustment as provided in Section 10 hereof. The purchase price of any shares as
to which an Option shall be exercised shall be paid in full at the time of the
exercise (i) in cash (ii) by bank or certified check or (iii) by delivery of
certificates for shares of Common Stock appropriately endorsed for transfer to
the Company, equal in fair market value on the date of exercise to the purchase
price of the Common Stock. Each Option granted hereunder shall be evidenced by
an option agreement, a form of which is attached hereto as Exhibit A.

SECTION 6.        NON-TRANSFERABILITY

All Options granted under the Directors' Plan shall not, by their terms, be
transferable otherwise than by will or by the laws of descent and distribution,
and shall be exercisable, during the lifetime of the optionee, only by the
optionee.

SECTION 7.        WITHHOLDING

         The Company shall have the right, in connection with the exercise of
any Option, to deduct from the amount of any payment or other compensation
payable to the optionee, taxes required by law to be withheld from such payment
or other compensation payable to the optionee or to require the recipient to pay
the Company an amount sufficient to provide for any such taxes so required to be
withheld by law.

SECTION 8.        TERMINATION OF SERVICE AS A DIRECTOR

         In the event an optinee's services as a Director shall terminate for
any reason, any Option granted under the Directors' Plan may be exercised by the
optionee to the extent the optionee was entitled to do so at the date of
termination of service as a Director ("Termination Date"), within the
twenty-four (24) months after such Termination Date; provided, however, that in
no event may an Option be exercised after ten (10) years from the date the
Option is granted or after twenty-four (24) months from the Termination Date,
whichever date is sooner.

         The foregoing notwithstanding, in the event that an optionee's
Termination Date is prior to the approval of the Directors; Plan by the
shareholders and the Directors' Plan is subsequently approved by

                                       9
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the shareholders, the Option(s) that would have been exercisable on the
Termination Date had the Directors' Plan been approved shall be exercisable by
the optionee for the balance of the twenty-four (24) month period described
above.

         Nothing in the Directors' Plan or in any agreement evidencing an Option
granted pursuant to the Directors' Plan shall confer upon any person any right
to continue in the service of the Company as a Director or interfere in any way
with the rights of the Company or its stockholders to terminate the service of a
director at any time in accordance with the Company's Certificate of
Incorporation and Bylaws.

SECTION 9.        DEATH OF DIRECTOR

         If an optionee shall die while serving as a Director or within the
period after termination of service as a Director during which the optionee is
permitted to exercise an Option granted under the Directors' Plan, then the
Option may be exercised by a legatee or legatees of the optionee under his or
her last will, or by his or her personal representatives or distributees, to the
extent the optionee was entitled to do so at his or her date of death, at any
time within one (1) year after the death of the optionee, at the end of which
period the Option shall terminate; provided, however, that in no event may an
Option be exercised after the expiration of ten (10) years from the date that
the Option is granted.

SECTION 10.       ADJUSTMENTS UPON CHANGES IN CAPITALIZATION

                  In the event of recapitalization, stock split, stock dividend,
combination or exchange of shares, merger, consolidation, reorganization or
liquidation, or any other change in the corporate structure or shares of the
Company, the number and kind of shares for which Options may be granted under
the Directors' Plan and, with respect to outstanding options granted under the
Directors' Plan, the number and kind of shares covered by outstanding Options
and the exercise price shall be equitably adjusted by the Committee to prevent
enlargement or diminution of the rights of optionees and, to the extent possible
consistent with the foregoing, in the same manner so provided in non-statutory
options outstanding under the Company's Equity Incentive Plan.

SECTION 11.       LISTING AND REGISTRATION OF SHARES

         If at any time the Board shall determine, in its discretion, that the
listing, registration or qualification of any of the shares subject to Options
granted under the Directors' Plan 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 of or in connection with the
purchase or issue of shares upon the exercise of Options, then no outstanding
Options may be exercised in full or in part unless such listing, registration,
qualification, consent or approval shall have been effected or obtained free of
any conditions not acceptable to the Board. The Board may require any person
exercising an Option granted under the Directors' Plan to make such
representations and furnish such information as the Board may consider
appropriate in connection with the issuance or delivery of any shares in order
to comply with applicable law and shall have the authority to cause the Company
at its expense to take any action related to the Directors' Plan which may be
required in connection with such listing, registration, qualification, consent,
or approval.

SECTION 12.       EFFECTIVE DATE OF DIRECTORS' PLAN

         The Directors' Plan, as amended and restated, shall become effective as
of February 21, 1995, subject to approval by the company's shareholders. No
options granted prior to approval by the Company's shareholders shall be
exercisable until such approval shall have been obtained.EXHIBIT 10.9
                              PROGINET CORPORATION

                              EQUITY INCENTIVE PLAN
                  (amended and restated as of December 5, 1995)

         WHEREAS, Proginet Corporation (the "Company") has previously adopted
the Proginet Corporation Equity Incentive Plan (the "Plan") by action of the
Board of Directors of the Company dated August 16, 1994; and

         WHEREAS, the Company now wishes to amend and restate the Plan.

         NOW THEREFORE, the Plan is hereby amended and restated, as of February
21, 1995, to read in its entirety as follows:

Section 1.        Purpose

         The purpose of the Plan is to attract and retain key employees and
consultants, to provide an incentive for them to assist the Company to achieve
long-range performance goals, and to enable them to participate in the long-term
growth of the Company.

Section 2.        Definitions

         "Affiliate" means any business entity in which the Company owns
directly or indirectly 100% or more of the total combined voting power or has a
significant financial interest as determined by the Committee.

         "Award" means any Option awarded under the Plan.

         "Board" means the Board of Directors of the Company.

         "Code" means the Internal Revenue Code of 1986, as amended from time to
time.

         "Committee" means a committee of not less than two members of the Board
appointed by the Board to administer the Plan, each of whom is a "disinterested
person" within the meaning of Rule 16b-3 under the Securities Exchange Act of
1934 or any successor provision. In the absence of appointment of another
Committee by the Board, the Compensation and Stock Option Committee of the Board
shall be the Committee.

         "Common Stock" or "Stock" means the Common Stock,  $.001 par value,  of
the Company.

         "Company" means Proginet Corporation.

         "Designated Beneficiary" means the beneficiary designated by a
Participant, in a manner determined by the Committee, to receive amounts due or
exercise rights of the Participant in the event of the Participant's death. In
the absence of an effective designation by a Participant, Designated Beneficiary
shall mean the Participant's estate.

<PAGE>

         "Fair Market Value" means, as of any date with respect to Common Stock
or any other property:

          a.   if the Common Stock is listed on any established stock exchange
               or national market system, including without limitation the
               National Market System of the National Association of Securities
               Dealers, Inc. Automated Quotation ("NASDAQ") System, the closing
               sales price for such stock (or the closing bid, if no sales were
               reported, as quoted on such exchange or system for the last
               market day prior to the time of determination);

          b.   if the Common Stock is listed on the Vancouver Stock Exchange
               (the "VSE"), the closing sales price for such stock (or the
               closing bid, if no sales were reported on that date);

          c.   if the Common Stock is quoted on the NASDAQ System (but not on
               the National Market System) or regularly quoted by a recognized
               securities dealer but selling prices are not reported, the mean
               between the high bid and low ask prices for the Common Stock; and

          d.   in the absence of an established market for the Common Stock,

the fair market value of such property as determined by the Committee in good
faith or in the manner established by the Committee from time to time.

         "Incentive Stock Option" means an option to purchase shares of Common
Stock awarded to a Participant under Section 6 which is intended to meet the
requirements of Section 422 of the Code or any successor provision.

         "Independent Directors' Stock Option Plan" means the Proginet
Corporation Independent Directors' Stock Option Plan.

         "Nonstatutory Stock Option" means an option to purchase shares of
Common Stock awarded to a Participant under Section 6 which is intended not to
be an Incentive Stock Option.

         "Option"  means an  Incentive  Stock  Option  or a  Nonstatutory  Stock
Option.

         "Participant" means a person selected by the Committee to receive an
Award under the Plan.

         "Reporting Person" means a person subject to Section 16 of the
Securities Exchange Act of 1934 or any successor provision.

Section 3.        Administration

<PAGE>

         The Plan shall be administered by the Committee. The Committee shall
have authority to adopt, alter and repeal such administrative rules, guidelines
and practices governing the operation of the Plan as it shall from time to time
consider advisable, and to interpret the provisions of the plan. The Committee's
decisions shall be final and binding. To the extent permitted by applicable law,
the Committee may delegate to one or more executive officers of the Company the
power to make Awards to Participants who are not Reporting Persons and all
determinations under the Plan with respect thereto, provided that the Committee
shall fix the maximum amount such Awards for the Participants who are not
Reporting Persons and a maximum for any one Participant.

Section 4.        Eligibility

         Employees, officers, directors and other insiders of the Company or any
Affiliate as well as any other person or company engaged to provide ongoing
management or consulting services to the Company or any Affiliate, capable of
contributing significantly to the successful performance of the Company, other
than a person who has irrevocably elected not to be eligible, are eligible to be
Participants in the Plan. There is specifically excluded from the group of
persons eligible to be Participants in the Plan any and all members of the Board
who are not employees of the Company or any Affiliate. Incentive Stock Options
may be awarded only to persons eligible to receive such Options under the Code.
An Option may not be granted to any person if, as the result of such grant, such
person would at the time of such grant hold options, whether granted under the
Plan or otherwise, to acquire in aggregate more than 5% of the issued and
outstanding Common Stock of the Company.

Section 5.        Stock Available for Awards

         a. Awards may be made under the Plan for up to 1,200,000 shares of
Common Stock. Any options granted under the independent Directors' Stock Option
Plan to receive the Company's Common Stock shall reduce the number of shares
available to be awarded hereunder by the amount granted under the Independent
Directors' Stock option Plan. If any Award in respect of shares of Common Stock
expires or is terminated unexercised or is forfeited for any reason or settled
in a manner that results in fewer shares outstanding than were initially
awarded, including without limitation, the surrender of shares in payment for
the Award or such option, or any tax obligation thereon, the shares subject to
such Award or such option, or so surrendered, as the case may be, to the extent
of such expiration, termination, forfeiture or decrease, shall be available for
Awards under the Plan. Shares issued under the Plan may consist in whole or in
part of authorized but unissued shares or treasury shares.

         b. In the event that the Committee determines that any stock dividend,
extraordinary cash dividend, creation of a class of equity securities,
recapitalization, reorganization, merger, consolidation, split-up, spin-off,
combination, exchange of shares, warrants or rights offering to purchase Common
Stock at a price substantially below fair market value, or other similar
transaction affects the Common Stock such that an adjustment is required in
order to preserve the benefits or potential benefits intended to be made
available under the Plan, then the Committee, subject, in the case of Incentive
Stock Options, to any limitation required under the Code, shall equitably adjust
any or all of (I) the number and kind of shares in respect of which Awards may

<PAGE>

be made under the Plan, (ii) the number and kind of shares subject to
outstanding Awards, and (iii) the award, exercise or conversion price with
respect to any of the foregoing, and if considered appropriate, the Committee
may make provision for a cash payment with respect to an outstanding Award,
provided that the number of shares subject to any Award shall always be a whole
number and if the Common Stock is at the time of such adjustment listed solely
on the VSE no such adjustment shall be made without the approval of the VSE.

Section 6.        Stock Options

         a. Subject to the provisions of the Plan, the Committee may award
Incentive Stock Options and Nonstatutory Stock Options and determine the number
of shares to be covered by each Option, the option price therefor and the
conditions and limitations applicable to the exercise of the Option. The terms
and conditions of Incentive Stock Options shall be subject to, and comply with,
Section 422 of the Code or any successor provision, and any regulations
thereunder.

         b. The Committee shall establish the option price at the time each
Option is awarded, which price shall not be less than 100% of the Fair Market
Value of the Common Stock on the date of award with respect to Incentive Stock
Options and not less than 50% of the Fair Market Value of the Common Stock on
the date of award with respect to Nonstatutory Stock Options, provided that so
long as the Common Stock is listed solely on the VSE, Nonstatutory Stock Options
having an exercise price that is less than Fair Market Value shall not be
granted.

         c. Each Option shall be exercisable at such times and subject to such
terms and conditions as the Committee may specify in the applicable Award or
thereafter, provided that:

          a.   all Options shall be non-assignable and non-transferable, except
               as contemplated by subsection (b) below;

          b.   the period within which the Participant's heirs, administrators
               or executors may exercise any portion of an Option will not
               exceed one year after the date of death of the Participant;

          c.   subject to subsection (b) above, options may be exercised only
               while the Participant is eligible to receive Options pursuant to
               the Plan and for a period of 30 days after ceasing to be so
               eligible; and

          d.   Options will expire no later than 10 years from the date of
               grant.

The Committee may impose such conditions with respect to the exercise of
Options, including conditions relating to applicable federal or state securities
laws, as it considers necessary or advisable.

         d. No shares shall be delivered pursuant to any exercise of an Option
until payment in full of the option price therefor is received by the Company.
Such payment may be made in whole or in part in cash or, to the extent permitted
by the Committee at or after the award of the

<PAGE>

Option, by delivery of shares of Common Stock owned by the optionee, valued at
their Fair Market Value on the date of delivery.

         e. The Committee may provide for the automatic award of an Option upon
the delivery of shares to the Company in payment of an Option for up to the
number of shares so delivered.

Section 7.        General Provisions Applicable to Awards

         a. Reporting Person Limitations. Any provision of the Plan to the
contrary notwithstanding, to the extent required to qualify for the exemption
provided by Rule 16b-3 under the Securities Exchange Act of 1934 and any
successor provision, (I) any "equity security" (as that term is used in said
Rule 16b-3) granted under the Plan to a Reporting Person must be held for at
least six months from the date of grant or, in the case of a "derivative
security, (as that term is defined in said Rule 16b-3), at least six months
elapse from the date of acquisition of the derivative security to the date of
disposition of its underlying equity security and (ii) any derivative security
issued under the Plan to a Reporting Person shall not be transferable other than
by will, by the laws of descent and distribution or pursuant to a "qualified
domestic relations order" (as the term is used in said Rule 16b-3).

         b. Documentation. Each Award under the Plan shall be evidenced by a
writing delivered to the Participant specifying the terms and conditions thereof
and containing such other terms and conditions not inconsistent with the
provisions of the Plan as the Committee considers necessary or advisable to
achieve the purposes of the Plan or comply with applicable tax and regulatory
laws and accounting principles.

         c. Committee Discretion. Each type of Award may be made alone, in
addition to, or in relation to any other type of Award. The terms of each type
of Award need not be identical, and the Committee need not treat Participants
uniformly. Except as otherwise provided by the Plan or a particular Award, any
determination with respect to an Award may be made by the Committee at the time
of award or at any time thereafter.

         d. Settlement. The Committee shall determine whether Awards are settled
in whole or in part in cash, Common Stock, other securities of the Company or
Awards.

         e. Dividends and Cash Awards. In the discretion of the Committee, any
Award under the Plan may provide the Participant with (i) dividends or dividend
equivalents payable currently or deferred with or without interest, and (ii)
cash payments in lieu of or in addition to an Award.

         f. Termination of Employment. Subject to subsection 6c the Committee
shall determine the effect on an Award of the disability, death, retirement or
other termination of employment of a Participant and the extent to which, and
the period during which, the Participant's legal representative, guardian or
Designated Beneficiary may receive payment of an Award or exercise rights
thereunder.

         g. Change in Control. In order to preserve a Participant's rights under
an Award in the event of a change in control of the Company, the Committee in
its discretion may, at the time an

<PAGE>

Award is made or at any time thereafter, take one or more of the following
actions: (i) provide for the acceleration of any time period relating to the
exercise or realization of the Award, (ii) provide for the purchase of the Award
upon the Participant's request for an amount of cash or other property that
could have been received upon the exercise or realization of the Award had the
Award been currently exercisable or payable, (iii) adjust the terms of the Award
in a manner determined by the Committee to reflect the change in control, (iv)
cause the Award to be assumed, or new rights substituted therefor, by another
entity, or (v) make such other provision as the Committee may consider equitable
and in the best interests of the Company.

         h. Withholding. The Participant shall pay to the Company, or make
provision satisfactory to the Committee for payment of, any taxes required by
law to be withheld in respect of Awards under the Plan no later than the date of
the event creating the tax liability. In the Committee's discretion, such tax
obligations may be paid in whole or in part in shares of Common Stock, including
shares retained from the Award creating the tax obligation, valued at their Fair
Market Value on the date of delivery. The Company and its Affiliates may, to the
extent permitted by law, deduct any such tax obligations from any payment of any
kind otherwise due to the Participant.

         i. Amendment of Award. The Committee may amend, modify or terminate any
outstanding Award, including substituting therefor another Award of the same or
a different type, changing the date of exercise or realization, or converting an
Incentive Stock Option to a Nonstatutory Stock Option, provided that (i) the
Participant's consent to such action shall be required unless the Committee
determines that the action taking into account any related action, would not
materially and adversely affect the Participant and (ii) if regulatory or
shareholder approval is required of such amendment, modification or termination,
such approval shall have been obtained.

         j. Amendment of Award. The Committee may amend, modify or terminate any
outstanding Award, including substituting therefor another Award of the same or
a different type, changing the date of exercise or realization, or converting an
Incentive Stock Option to a Nonstatutory Stock Option, provided that (i) the
Participant's consent to such action shall be required unless the Committee
determines that the action, taking into account any related action, would not
materially and adversely affect the Participant and (ii) if regulatory or
shareholder approval is required in respect of such amendment, modification or
termination, such approval shall have been obtained.

Section 12.       Miscellaneous.

         (a) No Right To Employment. No person shall have any claim or right to
be granted an Award, and the grant of an Award shall not be construed as giving
a Participant the right to employment or continued employment. The Company
expressly reserves the right at any time to dismiss a Participant free from any
liability or claim under the Plan, except as expressly provided in the
applicable Award.

         (b) No Rights As Shareholder. Subject to the provisions of the
applicable Award, no Participant or Designated Beneficiary shall have any rights
as a shareholder with respect to any

<PAGE>

shares of Common Stock to be distributed under the Plan until he or she becomes
the holder thereof. A Participant to whom Common Stock is awarded shall be
considered the holder of the Stock at the time of the Award except as otherwise
provided in the applicable Award.

(c) Effective Date. Subject to the approval of the shareholders of the Company,
the Plan, as amended and restated, shall be effective as of February 21, 1995.
Prior to such approval, Awards may be made under the Plan expressly subject to
such approval.

(d) Amendment of Plan. The Board may amend, suspend or terminate the Plan or any
portion thereof at any time, provided that no amendment shall be made without
shareholder approval if such approval is necessary to comply with any applicable
tax or regulatory requirement, including any requirement for exemptive relief
under Section 16(b) of the Securities Exchange Act of 1934 or any successor
provision; and further provided that any amendment to the Plan shall be subject
to filing with the Vancouver Stock Exchange.

         (e) Governing Law. The provisions of the Plan shall be governed by and
interpreted in accordance with the laws of the state of Delaware.

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