Document:

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                                                                     Exhibit 4.2

                             TRINTECH GROUP LIMITED
                            SHARE OPTION 1997 SCHEME

Established by a resolution of the Board of the Company on 28th May, 1997, as
amended by resolution of the Board of the Company on 22 October, 1997 and
subsequently approved by ordinary resolution of the Company passed on 21/st/
November, 1997; and further amended by resolution of the Board of the Company on
25/th/ June, 1998 and subsequently approved by ordinary resolution of the
Company on 26/th/ June, 1998, and amended by the Board of Directors on the
28/th/ July, 1999 and amended by ordinary resolution of the Company dated 26th
July, 2000.

                                 A & L Goodbody,
                               1 Earlsfort Centre,
                                  Hatch Street,
                                    Dublin 2.

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                                TABLE OF CONTENTS
                                -----------------

<TABLE>
<CAPTION>
                                                              Page
                                                              ----
<S>                                                           <C>
CLAUSE 1.        INTRODUCTION                                    1

CLAUSE 2.        ADMINISTRATION

     2.1         Committee Composition                           2
     2.2         Committee Responsibilities                      2
     2.3         Notices                                         3
     2.4         Construction                                    4

CLAUSE 3.        SHARES AVAILABLE FOR GRANTS

     3.1         Basic Limitation                                4
     3.2         Additional Shares                               5
     3.3         Individual Limits                               5

CLAUSE 4.        ELIGIBILITY

     4.1         General Rules                                   6
     4.2         Ten-Percent Shareholders                        6

CLAUSE 5         OPTIONS

     5.1         Share Option Agreement                          6
     5.2         Waiver of an Option                             7
     5.3         Awards Nontransferable                          7
     5.4         Number of Shares                                7
     5.5         Exercise Price                                  7
     5.6         Exercisability and Term                         8
     5.7         Modification or Exchange of Options             8
     5.8         Loss of Quotation                               9
     5.9         Liquidation                                     9

CLAUSE 6.        PAYMENT FOR OPTION SHARES

     6.1         General Rule                                   10
     6.2         Exercise Sale                                  10
     6.3         Other Forms of Payment                         10

CLAUSE 7.        ADJUSTMENT OF SHARES

     7.1         Adjustments                                    10
</TABLE>

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<TABLE>
<S>                                                                         <C>
         7.2   Reorganization: Committee Discretions                        11
         7.3   Reorganization                                               13
         7.4   Offer for Shares where no agreed terms                       14

CLAUSE 8.      LIMITATION OF RIGHTS

         8.1   Retention Rights                                             14
         8.2   Shareholders' Rights                                         14
         8.3   Regulatory Requirements                                      15

CLAUSE 9.      WITHHOLDING TAXES                                            15

CLAUSE 10.     FUTURE OF THE SCHEME

        10.1   Term of the Scheme                                           15
        10.2   Amendment or Termination                                     16

CLAUSE 11.     DEFINITIONS                                                  17
</TABLE>

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                 TRINTECH GROUP LIMITED SHARE OPTION 1997 SCHEME
                 -----------------------------------------------

     1.   INTRODUCTION
          ------------

The Scheme is established pursuant to a resolution of the Board on 28th May,
1997 but shall be subject to approval by the Company's shareholders within
twelve months after such date. The purpose of the Scheme is to establish an
employees' share scheme within the meaning of Section 2 of the Companies
(Amendment) Act 1983 as a long-term incentive scheme to promote the long-term
success of the Company and the creation of stockholder value by (a) encouraging
Key Employees to focus on critical long-range objectives, (b) encouraging the
attraction and retention of Key Employees with exceptional qualifications and
(c) linking Key Employees directly to stockholder interests through increased
stock ownership. The Scheme seeks to achieve this purpose by providing for
Awards in the form of Options. The Board may in respect of Key Employees
primarily liable to taxation outside the Republic of Ireland on their
remuneration alter the provisions of the Scheme and of Awards for them to take
account of overseas taxation or securities laws as set out in Clause 10.2.

The Scheme shall be governed by, and construed in accordance with, the laws of
Ireland. In the event of any dispute in connection with the Scheme or a Share
Option Agreement Participants under the Scheme shall submit to the non-exclusive
jurisdiction of

<PAGE>

the Irish Courts.

2        ADMINISTRATION
         --------------

2.1      Committee Composition
         ---------------------

(i)      Multiple Administrative Bodies The Scheme may be administered by
         ------------------------------
         different Committees with respect to different groups of Participants.

(ii)     Section 162(m) To the extent that the Committee determines it to be
         --------------
         desirable to qualify Options granted hereunder to US Participants as
         "performance-based compensation" within the meaning of Section 162(m)
         of the Code, the Scheme shall, in respect of such US Participants, be
         administered by a Committee of two or more "outside directors" within
         the meaning of Section 162(m) of the Code.

(iii)    Rule 16b-3 To the extent desirable to qualify transactions hereunder as
         ----------
         exempt under Rule 16b-3 of the Exchange Act ("the Rule 16b-3"), the
         transactions contemplated hereunder shall be structured to satisfy the
         requirements for exemption under Rule 16b-3.

(v)      Other Administration Other than as provided above, the Scheme shall be
         --------------------
         administered by a

<PAGE>

         Committee, which committee shall be constituted to satisfy all
         applicable laws, rules and regulations.

2.2      Committee Responsibilities. The Committee shall (a) nominate the Key
         --------------------------
         Employees who are to receive Awards under the Scheme, (b) determine the
         type, number, vesting requirements and other conditions of such Awards,
         (c) interpret the Scheme and Share Option Agreements made thereunder
         and (d) make all other decisions relating to the operation of the
         Scheme. The Committee may adopt such rules or guidelines as it deems
         appropriate to implement the Scheme. The Committee's determination
         under the Scheme shall be final and binding on all persons.

2.3      Notices
         -------

         (A)   To Employees and Participants. Save as otherwise provided herein,
               -----------------------------
               any notice or communication to be given by the Company to any
               Participant may be given by personal delivery or by sending it by
               ordinary post to his last known address and where a notice or
               communication is sent by post it shall be deemed to have been
               received 72 hours after it was put into the post properly
               addressed and stamped. All notifications, documents, Option or
               share certificates and other

<PAGE>

          communications sent by post as aforesaid will be sent at the risk of
          the Participant concerned and neither the Company nor any of its
          Subsidiaries shall have any liability whatsoever to any Participant in
          respect of any notification, document, Option or share certificate or
          other communication so given, sent or made and nor shall the Company
          or any of its Subsidiaries be concerned to see that any Participant
          actually receives it.

     (B)  To the Company. Save as otherwise herein provided any notice
          --------------
          or communication given by a Participant to the Company shall be
          delivered or sent to the Company at its registered office (or at such
          other place or places as the Committee may from time to time determine
          and notify to Participants) and be effective upon receipt.

2.4  Construction
     ------------

     (A)  In this Scheme where the context so admits

          (i)   words importing the masculine gender shall include the feminine,

          (ii)  words importing the singular shall include the plural and vice
                versa,

<PAGE>

          (iii)  any reference to any statute (or a particular chapter part or
                 section thereof) shall include any corresponding previous
                 enactment and subsequent statutory modification or re-enactment
                 thereof and any regulations made thereunder.

     (B)  The headings contained in this Scheme are for reference purposes
          only and do not affect its meaning or construction.

3    SHARES AVAILABLE FOR GRANTS
     ---------------------------

3.1  Basic Limitation. The Company shall keep available sufficient authorised
     ----------------
     but unissued Shares to meet in full the exercise of Options. The aggregate
     number of Shares over which Options may be awarded under the Scheme shall
     not exceed 5,800,000. The 5,800,000 Shares shall be reduced by the number
     of Shares authorised for issuance under the Trintech Group Limited
     Directors and Consultants Share Option Scheme, the 1999 Employee Savings
     Related Share Option Scheme and the 1999 Employee Share Purchase Plan. The
     limitation of this Clause 3.1 shall be subject to adjustment pursuant to
     Clause 7.1.

3.2  Additional Shares.  If any Options are cancelled, forfeited or if any
     -----------------
     Options

<PAGE>

      terminate or lapse for any other reason before being exercised, then the
      Shares in respect of which such Options relate shall again become
      available for Awards under the Scheme. For this purpose, if the exercise
      cancellation of the price of an Option is reduced, the transaction will be
      treated as a  Option and the grant of a new Option.

3.3   Individual Limits.  The following limitations shall apply to grants of
      -----------------
      Options:

(i)   No Participant shall be granted, in any fiscal year of the Company,
      Options to purchase more than 500,000 Shares.

(ii)  In connection with his or her initial service, a Participant may be
      granted Options to purchase up to an additional 500,000 Shares which shall
      not count against the limit set forth in subsection (i) above.

(iii) The foregoing limitations shall be adjusted proportionally in connection
      with any change in the Company's capitalization as described in Section
      7.1.

4     ELIGIBILITY
      -----------

4.1   General Rules.  Only Key Employees shall be eligible for designation as
      -------------
      Participants by the Committee.  No person shall be entitled as

<PAGE>

     of right to participate. In addition, only US Participants may be granted
     ISOs.

4.2  Ten-Percent Shareholders. A Key Employee who owns more than 10% of the
     ------------------------
     total combined voting power of all classes of outstanding stock of the
     Company or any of its Subsidiaries shall not be eligible for the grant of
     an ISO unless the requirements set forth in section 422(c)(5) of the Code
     are satisfied.

5    OPTIONS
     -------

5.1  Share Option Agreement. Each grant of an Option under the Scheme shall be
     ----------------------
     evidenced by a Share Option Agreement between the Participant and made
     under the Common Seal of the Company on the Date of Grant. The Share Option
     Agreement for US Participants shall specify whether the Option is an ISO or
     an NSO. The provisions of the various Share Option Agreements entered into
     under the Scheme need not be identical. Options awarded shall be subject to
     all applicable terms of the Scheme and may be subject to any other terms
     that are not inconsistent with the Scheme.

5.2  Waiver of an Option.  A Participant may by notice in writing under his Seal
     -------------------
     given within thirty days of the Date of Grant of an Option,

<PAGE>

     disclaim in whole or in part his rights under that Option in which case the
     Option shall for all purposes be deemed never to have been granted.

5.3  Awards Nontransferable. No Option granted under the Scheme shall be
     ----------------------
     transferable by the Participant other than by will, or by the laws of
     intestate succession. An Option may be exercised during the lifetime of the
     Participant only by the Participant or by his or her legal representative.
     No Option or interest therein may be transferred, assigned, pledged or
     hypothecated by the Participant during his or her lifetime (or his legal
     personal representative after his death), whether by operation of law or
     otherwise, or be made subject to execution, attachment or similar process.

5.4  Number of Shares. Each Share Option Agreement shall specify the number of
     ----------------
     Shares over which an Option may be granted and shall provide for the
     adjustment of such number in accordance with Clause 7.1.

5.5  Exercise Price. Each Share Option Agreement shall specify the Exercise
     --------------
     Price. The Exercise Price under an ISO shall not be less than 100% of the
     Market Value of a Share on the day preceding the Date of Grant, and the
     Exercise Price under an NSO shall not be less

<PAGE>

     than the par value of a Share. Notwithstanding the foregoing, Options may
     be granted with a per share exercise price of less than 100% of the Market
     Value of a Share on the date of grant pursuant to a merger or other
     corporate transaction.

5.6  Exercisability and Term. Each Share Option Agreement shall specify the date
     -----------------------
     when all or any instalment of the Option is to become exercisable. The
     Share Option Agreement shall also specify the term of the Option; provided
     that the term of an ISO shall in no event exceed 10 years from the date of
     grant. A Share Option Agreement may provide for accelerated exercisability
     in the event of the Participant's death, disability or retirement or other
     events and may provide for expiration prior to the end of its term in the
     event of the termination of the Participant's service.

5.7  Modification or Exchange of Options. Within the limitations of the Scheme,
     -----------------------------------
     the Committee may modify, or extend outstanding Options or may accept the
     cancellation of outstanding options in return for the grant of new Options
     for the same or a different number of Shares and at the same or a different
     Exercise Price. The foregoing notwithstanding, no modification of an Option
     shall, without the consent of the Participant alter or impair his or her
     rights or obligations under such Option.

<PAGE>

5.8  Loss of Quotation
     -----------------
     In the event of the Shares being no longer quoted on any stock exchange or
     quotation system the Board shall have discretion to terminate all
     unexercised options and participants holding said options shall be entitled
     to such compensation, if any, of whatever amount or value and consisting of

     (i)   payment in cash; or
     (ii)  any other assets or rights;

     as the Board shall at its absolute discretion determine."

5.9  Liquidation. In the event of the Company going into liquidation (other than
     -----------
     for the purpose of merger or re-organisation under Clauses 7.2 and 7.3),
     unless the Committee otherwise determines in advance of the liquidation all
     Options shall cease to be exercisable and (save to the extent, if at all,
     that the Committee may prior to such

<PAGE>

      liquidation at their absolute and uncontrolled discretion determine)
      Participants shall not be entitled to damages or other compensation of
      any kind.

6     PAYMENT FOR OPTION SHARES
      -------------------------

6.1   General Rule. The entire Exercise Price of Shares issued upon exercise
      ------------
      of Options shall be payable in cash at the time when such Shares are
      purchased, except that the Share Option Agreement may specify that payment
      may be made in any form(s) described in this Clause 6.

6.2   Exercise Sale. To the extent that this Clause 6.2 is applicable, payment
      -------------
      may be made by delivery (on a form prescribed by the Company) of an
      irrevocable direction to a securities broker approved by the Company to
      sell Shares and to deliver all or part of the sales proceeds to the
      Company in payment of all or part of the Exercise Price and any
      withholding taxes.

6.3   Other Forms of Payment.  To the extent that this Clause 6.3 is applicable,
      ----------------------
      payment may be made in any other form that is consistent with applicable
      laws, regulations and rules.

7     ADJUSTMENT OF SHARES
      ---------------------

<PAGE>

7.1  Adjustments. In the event of a subdivision of the outstanding Shares, bonus
     -----------
     or scrip issue, a declaration of a dividend payable in a form other than
     Shares in an amount that has a material effect on the price of Shares, a
     combination or consolidation of the issued Shares (by reclassification or
     otherwise) into a lesser number of Shares, a recapitalisation, a sale of
     all or a substantial part of the business of the Company, spin-off or a
     similar occurrence, the Committee may make appropriate adjustments in one
     or more of (a) the number of Shares for which Options may be available for
     future Awards under Clause 3, (b) the number of Shares covered by each
     outstanding Option or (c) the Exercise Price under each outstanding Option.
     Except as provided in this Clause 7.1, a Participant shall have no rights
     by reason of any issue by the Company of stock of any class or securities
     convertible into stock of any class, any subdivision or consolidation of
     shares of stock of any class, the payment of any stock dividend or any
     other increase or decrease in the number of shares of stock of any class.

7.2  Reorganization: Committee discretions.  In the event that the Company is a
     -------------------------------------
     party to a merger, takeover or other reorganization or the Committee
     considers this is about to occur, the Committee shall, subject to Sections
     7.3 and 7.4, be entitled (without the

<PAGE>

Participant's consent unless the Committee otherwise requires) at its discretion
and not withstanding anything herein contained (except the proviso below):

-    to request Participants to exercise outstanding Options in relation to the
     whole or a specified portion of the Shares to which such Options relate and
     within such time or times and subject to any other conditions or
     limitations as the Committee may at its discretion determine; if a
     Participant does not comply with the aforementioned request such Options
     shall lapse at the expiry of the time specified for exercise by the
     Committee.

-    to agree that outstanding Options will be assumed or substituted by the
     surviving company or its parent (or the acquiring company or its parent
     where a takeover occurs),

-    to arrange for the continuation by the Company of outstanding Options (if
     the Company is a surviving company or an acquiring company in a takeover),

-    to make payment of a cash settlement to Participants equal, per Share, to
     the difference between the amount to be paid for one Share under the
     agreement of

<PAGE>

           merger or takeover terms and the Exercise Price per Share,

       -   to agree to accelerate the exercisability of such outstanding Options
           followed by the cancellation of Options not exercised,

       -   to otherwise vary the exercise of outstanding Options on such
           conditions as the Committee may decide

       PROVIDED ALWAYS that if the Company and the other party to the
       transaction constituting the merger, takeover or other re-organization
       intend that such transaction is to be treated as a "pooling of interests"
       for financial reporting purposes, and if such transaction in fact is so
       treated, this Clause 7.2 shall not apply to the extent that the combining
       entities independent public accountants determine in good faith that the
       operation of the relevant discretion given to the Committee aforesaid
       would preclude the use of "pooling of interests" accounting. In that
       event clause 7.3 or 7.4 shall apply, as applicable.

7.3    Reorganization - In the event that the Company is a party to a merger,
       --------------
       takeover or other reorganization and that the Company and the other party
       to the aforesaid transaction intend it to be treated as a "pooling of
       interests" for financial reporting purposes,

<PAGE>

        outstanding Options shall be subject to the agreement of merger or
        reorganization or the agreed terms of the takeover. Provided that should
        the agreement or such terms not provide that outstanding Options shall
        be assumed by the surviving or acquiring Company or its parent, or that
        equivalent options will be substituted by the surviving or acquiring
        company, the exercisability and vesting of such outstanding Options
        shall be fully accelerated and shall be followed by the cancellation of
        Options not exercised. Any cancellation by the Committee shall not occur
        earlier than 30 days after such acceleration is effective and
        participants have been notified of such acceleration.

7.4     Offer for Shares where there are no agreed terms - Notwithstanding the
        ------------------------------------------------
        the provisions of Clause 7.3, in the event that the Company is the
        subject of an offer for its securities which is not recommended by the
        Board to the Company's shareholders or otherwise agreed to by the Board,
        the exercisability and vesting of outstanding Options shall be fully
        accelerated. Participants may exercise outstanding Options within the
        period of 90 days following the date upon which the offer becomes
        unconditional in all respects. The Committee shall cancel Options not
        exercised within the aforesaid period.

<PAGE>

8          LIMITATION ON RIGHTS
           --------------------

8.1        Retention Rights. Neither the Scheme nor any Option granted under the
           ----------------
           Scheme shall be deemed to give any individual a right to remain an
           employee or director of the Company or a Subsidiary. The Company or
           its Subsidiaries reserve the right to terminate the service of any
           employee or director at any time, with or without cause, subject to
           applicable laws, the Company's Memorandum and Articles of Association
           and a written employment agreement (if any).

8.2        Shareholders Rights. A Participant shall have no dividend rights,
           -------------------
           voting rights or other rights as a shareholder with respect to any
           Shares covered by his or her Award prior to filing the proper Notice
           of Exercise and tendering the exercise price for such Shares. No
           adjustment shall be made for cash dividends or other rights for which
           the record date is prior to the date when such Notice of Exercise and
           tender of exercise price is given, except as expressly provided in
           Clause 7.1.

8.3        Regulatory Requirements.  Any other provision of the Scheme
           -----------------------
           notwithstanding, the obligation of the Company to issue Shares under
           the Scheme shall be subject to all applicable

<PAGE>

                laws, rules and regulations and such approval by any regulatory
                body as may be required. The Company reserves the right to
                restrict, in whole or in part, the delivery of Shares pursuant
                to any Award prior to the satisfaction of all legal requirements
                relating to the issuance of such Shares, to their registration,
                qualification or listing or to an exemption from registration,
                qualification or listing.

     9          WITHHOLDING TAXES
                -----------------

     If withholding tax obligations arise under local, US State, federal, or
     other foreign law in connection with any transaction under the Scheme, then
     the Participant, beneficiary or other person who is subject to such
     obligations shall make arrangements satisfactory to the Company to meet
     such obligations. The Company shall not be required to issue any Shares or
     make any cash payment under the Scheme until such obligations are
     satisfied.

     10         FUTURE OF THE SCHEME
                --------------------

     10.1       Term of the Scheme.  the Scheme, as set forth herein, shall
                ------------------
                become effective as of 28th May, 1997.  The Scheme shall
                terminate on 27th May, 2007 unless it has previously been
                terminated under Section 10.2.

     10.2       Amendment or Termination.
                ------------------------

<PAGE>

           (A)    the Board may, at any time and for any reason, amend or
                  terminate the Scheme. An amendment of the Scheme shall be
                  subject to the approval of the Company's shareholders if it
                  increases the number of Shares over which Options may be
                  awarded under Clause 3.1 or extends the term of the Scheme
                  (provided that no amendment pursuant to Clause 7.1 shall be
                  regarded as requiring shareholder approval). No Awards shall
                  be granted under the Scheme after the termination thereof. The
                  termination of the Scheme, or any amendment thereof, shall not
                  (subject to Clauses 7.2 and 7.3 ) affect any Option previously
                  granted under the Scheme and notwithstanding such termination,
                  the Company shall continue to act, administer and manage the
                  Scheme in accordance with its terms.

           (B)    The Committee may in respect of Key Employees who are or may
                  become primarily liable to taxation outside Ireland on their
                  remunerations amend or alter the provisions of the Scheme and
                  the terms and conditions of Awards as the Committee considers
                  necessary or desirable to take account of relevant overseas
                  taxation or securities laws and the alterations or amendments
                  so made are scheduled to the

<PAGE>

               Scheme.

11         DEFINITIONS
           -----------

11.1       "Award"  means any award of an Option under the Scheme.
            -----

11.2       "Board" means the Company's Board of Directors, as constituted from
           time to time.

11.3       "Change in Control" means:
            -----------------

           (a)    The consummation of a merger or consolidation of the Company
                  with or into another entity or any other corporate
                  reorganization, if more than 50% of the combined voting power
                  of the continuing or surviving entity's issued shares or
                  securities outstanding immediately after such merger,
                  consolidation or other reorganization is owned by persons who
                  were not shareholders of the Company immediately prior to such
                  merger, consolidation or other reorganization;

           (b)    The sale, transfer of other disposition of all or
                  substantially all of the Company's assets;

           (c)    A change in the composition of the Board, as a result of which
                  fewer than 50% of the incumbent directors are directors who

<PAGE>

                either (i) had been directors of the Company on the date 24
                months prior to the date of the event that may constitute a
                Change in Control (the "original directors") or (ii) were
                elected, or nominated for election, to the Board with the
                affirmative votes of at least a majority of the aggregate of the
                original directors who were still in office at the time of the
                election or nomination and the directors whose election or
                nomination was previously so approved; or

           (d)  Any transaction as a result of which any person is the
                "beneficial owner" (as defined in Rule 13d-3 under the Exchange
                Act), directly or indirectly, of securities of the Company
                representing at least 50% of the total voting power represented
                by the Company's then outstanding voting securities (ie issued
                shares). For purposes of this Subsection (d), the term "person"
                shall have the same meaning as when used in sections 13(d) and
                14(d) of the Exchange Act but shall exclude (i) a trustee or
                other fiduciary holding shares under an employee benefit plan of
                the Company or of a Subsidiary (ii) a company owned directly or
                indirectly by the shareholders of the Company in substantially
                the same proportions as their ownership of the

<PAGE>

                              ordinary shares of the Company and (iii) an
                              employee or director of the Company or any
                              subsidiary at the time of the transaction or
                              immediately prior thereto.

               A transaction shall not constitute a Change in Control if its
               sole purpose is to create a holding company that will be owned in
               substantially the same proportions by the persons who held the
               Company's issued shares immediately before such transaction.

    11.4       "Code" means the U.S. Internal Revenue Code of 1986, as amended.
                ----

    11.5       "Committee" means a committee of the Board, as described in
                ---------
               Clause 2.

    11.6       "Company" means Trintech Group Limited, an Irish company.
                -------

    11.7       "Date of Grant" means the date on which an Option is granted
                -------------
               under the common seal of the Company under the Scheme.

    11.8       "Exchange Act" means the U.S. Securities Exchange Act of 1934, as
                ------------
               amended.

    11.9       "Exercise Price" means the amount for which one Share may be
                --------------
               subscribed upon exercise of an Option, as specified in the
               applicable Share Option Agreement.

<PAGE>

11.10      "ISO" means an incentive stock option described in section 422(b) of
            ---
           the Code.

11.11      "Internal Revenue Service" means the U.S. Internal Revenue Service.
            ------------------------

11.12      "Key Employee" means (a) a key non-temporary employee of the Company
           or of a Subsidiary, as determined by the Committee, or (b) an
           executive director holding salaried employment or office of the
           Company or a Subsidiary.

11.13      "Market Value" means the market price of Shares, determined by the
            ------------
           Committee as follows:

           (A)    If Shares were traded on the National Market System of NASDAQ
                  or any other securities exchange regulated by the Securities
                  and Exchange Commission (or on any other recognised stock
                  exchange on which Shares may then be listed or dealt in) on
                  the date in question, then the Market Value shall be equal to
                  the higher of par and the closing price reported for such date
                  by the applicable composite-transactions report or any other
                  comparable or equivalent report prepared by the relevant
                  regulatory authority governing the securities exchange on
                  which the Shares are listed or dealt; and

<PAGE>

           (B)    If (A) is not applicable or if there are two or more listings,
                  then the Market Value shall be determined by the Committee in
                  good faith on such basis as it deems appropriate.

           Whenever possible, the determination of Market Value by the Committee
           shall be based on the prices reported in the most recent edition of
           The Wall Street Journal. Such determination shall be conclusive and
           -----------------------
           binding in all persons.

11.14      "Nominated Employee" means an employee who shall have been nominated
            ------------------
           for the purpose of the Scheme under Clause 2.2.

11.15      "NSO" means an employee stock option not described in sections 422 or
            ---
           423 of the Code.

11.16      "Option" means an ISO or NSO granted under the Scheme and entitling
            ------
           the holder to acquire by subscription Shares.

11.17      "Participant" means any Nominated Employee who is for the time being
            -----------
           the holder of an Option;

11.18      "Scheme" means this Trintech Group Limited Share Option 1997 Scheme,
            ------
           as it may be amended from time to time.

<PAGE>

11.19      "Securities and Exchange Commission" means the U.S. Securities and
            ----------------------------------
           Exchange Commission.

11.20      "Share" means one ordinary share of IR.2p in the capital of the
            -----
           Company and such expression shall if the context admits or requires
           means one such ordinary share as may be represented by one American
           Depositary Share (and may be evidenced by one American Depositary
           Receipt) or otherwise.

11.21      "Share Option Agreement" means the agreement between the Company and
            ----------------------
           a Participant which contains the terms, conditions and restrictions
           pertaining to his or her option.

11.22      "Subsidiary" means a subsidiary undertaking as defined in Regulation
            ----------
           4 of the European Communities (Companies:  Group
           Accounts) Regulations, 1992.

11.23      "US Participant" means any Participant who, at the time the Option is
            --------------
           granted, is a citizen or resident of the United States of America for
           federal income tax purposes.

<PAGE>

                                                              Irish Participants
                                                                   Agreement No:
                                                                  5-Year Vesting

                 TRINTECH Group LIMITED SHARE OPTION 1997 SCHEME

                        Incentive Share Option Agreement
                        --------------------------------

Trintech Group Limited an Irish limited corporation `Trintech', hereby grants an
option to subscribe for Shares as may be represented by American Depositary
Shares and as may be evidenced by American Depositary Receipts to the
Participant named below. The terms and conditions of the option are set forth in
this cover sheet, in the attachment and in the Trintech Group Limited Share
Option 1997 Scheme ("the Scheme").

Date of Option Grant:        ___________________________

Name of Participant:         ___________________________

Social Security No. or
other tax identification:___________________________

Number of Shares Covered by Option: ________________

Exercise Price per Share:   $_______________________
(being market value on the day
preceding the date of grant)

Vesting Start Date:          ________________________________

           By signing this cover sheet, you agree to all of the terms and
           conditions described in the attachment and in the Scheme.

SIGNED, SEALED AND DELIVERED
by the Participant
in the presence of:                                                        Seal:

Witness    Name: .....................................................
-------

           Address:       ...................................................

           ..................................................................

<PAGE>

                  Occupation:............................................

GIVEN under the Common Seal

of TRINTECH Group LIMITED

                                                                  5-Year Vesting

                 TRINTECH Group LIMITED SHARE OPTION 1997 SCHEME

                                Share Option Agreement
                                ----------------------

Vesting                         Your right to exercise this Option vests in
                                monthly increments at the rate of 1/36th per
                                month over the three year period starting on the
                                second anniversary of the Date of Grant as shown
                                on the cover sheet. For example, the percentage
                                of the total number of Shares for which this
                                option will be exercisable at the dates
                                specified below is as follows:

                                Anniversary of Date
                                -------------------
                                of Grant                      Percentage
                                --------                      ----------

                                Third                                  33-1/3%
                                Fourth                                 66-2/3%
                                Fifth                                  100%

                                The resulting number of Shares will be rounded
                                up to the nearest whole number. No additional
                                Shares vest after your Trintech service

<PAGE>

                              has terminated for any reason.

     Term                     Your Option will expire in any event at the close
                              of business at Trintech headquarters on the day
                              before the 7th anniversary of the Date of Grant,
                              as shown on the cover sheet. (It will expire
                              earlier if your Trintech service terminates, as
                              described below.)

     Regular                  If your service as an employee or director of
     Termination              Trintech (or any Subsidiary) terminates for any
                              reason except death (or normal retirement or
                              retirement due to Health Reasons) then your Option
                              (to the extent exercisable) will expire at the
                              close of business at Trintech headquarters on the
                              30th day (or such later date as the Committee may
                              decide) after your termination date.

                              Trintech determines when your service terminates
                              for this purpose.

     Death                    If you die as an employee or director of Trintech
                              (or any Subsidiary), then your Option (to the
                              extent exercisable) will

<PAGE>

                              expire at the close of business at Trintech
                              headquarters on the date one year after the date
                              of death. During that one year period, your
                              personal representatives may exercise your option
                              (to the extent exercisable).

     Normal Retirement        If your service as an employee or Early
                              Retirement director of Trintech (or any
                              Subsidiary) terminates because of normal
                              retirement or early retirement due to Health
                              Reasons then your Option (to the extent
                              exercisable) will expire at the close of business
                              at Trintech headquarters on the date one year
                              after your termination date.

     Leaves of Absence        For purposes of this Option, your service does not
                              terminate when you go on sick leave or another
                              bona fide leave of absence if the leave was
                              approved by Trintech in writing. But your service
                              will be treated as terminating 90 days after you
                              went on leave, unless your right to return to
                              active work is guaranteed under law or by a
                              contract. Your service terminates, in any event,
                              when the

<PAGE>

                              approved leave ends, unless you immediately return
                              to active work. Trintech determines which leaves
                              count for this purpose.

     Restrictions on          Trintech will not permit you to exercise this
     Exercise                 Option if the exercise and/or issuance of Shares
                              at that time would violate any applicable law or
                              regulation.

     Notice of                When you wish to exercise this Option you must
     Exercise                 notify Trintech by filing the proper "Notice of
                              Exercise" form at the address given on the form.
                              Your notice must specify how many Shares you wish
                              to purchase. Your notice must also specify how
                              your Shares should be registered (in your name
                              only or in your and your spouse's joint names).
                              The notice will be effective when it is received
                              by Trintech.

                              If someone else wants to exercise this Option
                              after your death, that person must prove to
                              Trintech's satisfaction that he or she is
                              entitled to do so.

<PAGE>

     Form of Payment          When you submit your Notice of Exercise, you must
                              include payment of the Exercise Price for the
                              Shares you are purchasing. Payment may be made in
                              one (or a combination of both) of the following
                              forms:

                              .   Your personal cheque, a cashier's cheque or a
                                  money order.

                              .   If Trintech then so permits, by irrevocable
                                  directions to a securities broker approved by
                                  Trintech to sell your Option Shares and to
                                  deliver all or a portion of the sale proceeds
                                  to Trintech in payment of the Exercise Price.
                                  (The balance of the sale proceeds, if any,
                                  will be delivered to you.) The directions must
                                  be given by signing a special "Notice of
                                  Exercise" form provided by Trintech.

     Withholding Taxes            You will not be allowed to exercise this
                                  Option unless you make acceptable

<PAGE>

                                            arrangements to pay any withholding
                                            taxes that may be due as a result of
                                            the Option exercise.

Restrictions on Resale                      By signing this Agreement, you agree
                                            not to sell any Option Shares at a
                                            time when applicable laws or
                                            Trintech policies prohibit a sale.
                                            This restriction will apply as long
                                            as you are an employee or director
                                            of Trintech (or a Subsidiary).

Transfer of Option                          Prior to your death, only you may
                                            exercise this Option (to the extent
                                            exercisable). You cannot transfer or
                                            assign this Option (to  the extent
                                            exercisable). For instance, you may
                                            not sell this Option or use it as
                                            security for a loan. You may,
                                            however, dispose of this Option in
                                            your will.

                                            Regardless of any marital property
                                            settlement agreement, Trintech is
                                            not

<PAGE>

                                            obligated to honour a Notice of
                                            Exercise from your former spouse,
                                            nor is Trintech obligated to
                                            recognise your former spouse's
                                            interest in your Option in any other
                                            way.

Retention Rights                            Your Option or this Agreement do not
                                            give you the right to be retained by
                                            Trintech (or any Subsidiaries) in
                                            any capacity.

Shareholder Rights                          You, or your estate or heirs, have
                                            no rights as a shareholder of
                                            Trintech until a proper Notice of
                                            Exercise has been filed with
                                            Trintech and the exercise price has
                                            been tendered. No adjustments are
                                            made for dividends or other rights
                                            if the applicable record date occurs
                                            before a proper Notice of Exercise
                                            has been filed with Trintech and the
                                            exercise price has been tendered,
                                            except as

<PAGE>

                         described in the Scheme.

Adjustments              In the event of a stock split, a stock dividend or a
                         similar change in Trintech Shares, the number of Shares
                         covered by this Option and the exercise price per share
                         may be adjusted pursuant to the Scheme. In the event
                         where Trintech is taken over or is a party to a merger,
                         this Option will be handled in accordance with the
                         Scheme.

Applicable law           This Agreement and the Trintech Group Limited Share
and Jurisdiction         Option 1997 Scheme (as the same may be amended from
                         time to time) will be governed by and construed in
                         accordance with the laws of Ireland and you agree to
                         submit to the non-exclusive jurisdiction of the Irish
                         courts in connection with any disputes which may arise
                         out of or in connection with this Agreement or the
                         Trintech

<PAGE>

                         Group Limited Share Option 1997 Scheme.

The Scheme and other     The text of the Trintech Group Limited Share Option
Agreements               1997 Scheme is incorporated in this Agreement by
                         reference.

                         This Agreement and the Scheme constitute the entire
                         understanding between you and Trintech regarding this
                         Option and any other options, or understandings
                         agreements relating to options over Shares except under
                         the Trintech Group Limited Executive Share Option
                         Scheme or under this Scheme. Any prior agreements,
                         commitments or negotiations concerning this Option are
                         superseded.

By signing the cover sheet of this Agreement, you agree to all of the terms and
conditions described above and in the Scheme.

<PAGE>

                                                               Agreement No:
                                                               (US Participants)
                                                               5-Year Vesting

                 TRINTECH Group LIMITED SHARE OPTION 1997 SCHEME

                             Share Option Agreement
                             ----------------------

Trintech Group Limited an Irish limited corporation 'Trintech', hereby grants an
option to subscribe Shares as represented by American Depositary Shares and as
evidenced by American Depositary Receipts to the Participant named below. The
terms and conditions of the Option are set forth in this cover sheet, in the
attachment and in the Trintech Group Limited Share Option 1997 Scheme (the
"Scheme").

Date of Option Grant:    ______________________________________________________

Name of Participant:     ______________________________________________________

Social Security No. or
other tax identification:______________________________________________________

Number of Shares Covered by Option: ___________________________________________

Type of Option:   Non-statutory

Exercise Price per Share:   $__________________________________________________
(being market value on the day
preceding the Date of Grant)

Vesting Start Date: ___________________________________________________________

     By signing this cover sheet, you agree to all of the terms and conditions
     described in the attachment and in the Scheme.

SIGNED, SEALED AND DELIVERED
by the Participant
in the presence of:                                                      Seal:

Witness      Name:   ..........................................................
-------

             Address:..........................................................

             ..................................................................

<PAGE>

                  Occupation:..................................................

GIVEN under the Common Seal
of TRINTECH Group LIMITED

                                                                 5-Year Vesting
                                                                 --------------
                 TRINTECH Group LIMITED SHARE OPTION 1997 SCHEME

                    Non-Statutory Share Option Agreement
                    ------------------------------------

Non-Statutory       This Option is not intended to be incentive stock option
Share Option        under section 422 of the Internal Revenue code.

Vesting             Your right to exercise this Option vests in monthly
                    increments at the rate of 1/60th per month over the five
                    year period starting on the Vesting Start Date, as shown on
                    the cover sheet. For example, the percentage of the total
                    number of Shares for which this option will be exercisable
                    at the dates specified below is as follows:

                    Anniversary of Vesting
                    ----------------------
                    Start Date                      Percentage
                    ----------                      ----------
                    First                                   20%
                    Second                                  40%
                    Third                                   60%
                    Fourth                                  80%
                    Fifth                                  100%

                    The resulting number of Shares will be rounded up to the
                    nearest whole

<PAGE>

                    number. No additional Shares vest after your Trintech
                    service has terminated for any reason.

Term                Your Option will expire in any event at the close of
                    business at Trintech headquarters on the day before the 7th
                    anniversary of the Date of Grant, as shown on the cover
                    sheet. (It will expire earlier if your Trintech service
                    terminates, as described below.)

Regular             If your service as an employee or director of Trintech (or
Termination         any Subsidiary) terminates  for any reason except death (or
                    normal retirement or retirement due to Health Reasons) then
                    your Option (to the extent exercisable) will expire at the
                    close of business at Trintech headquarters on the 30th day
                    (or such later date as the Committee may decide) after your
                    termination date.

                    Trintech determines when your service terminates for
                    this purpose.

Death               If you die as an employee or director of Trintech (or any
                    Subsidiary), then your Option (to the extent exercisable)
                    will expire at

<PAGE>

                    the close of business at Trintech headquarters on the date
                    one year after the date of death. During that one year
                    period, your personal representatives may exercise your
                    option (to the extent exercisable).

Normal Retirement   If your service as an employee or Early Retirement director
                    of Trintech (or any Subsidiary) terminates because of normal
                    retirement or early retirement due to Health Reasons then
                    your Option (to the extent exercisable) will expire at the
                    close of business at Trintech headquarters on the date one
                    year after your termination date.

Leaves of Absence   For purposes of this Option, your service does not terminate
                    when  you go on sick leave or another bona fide leave of
                    absence if the leave was approved by Trintech in writing.
                    But your service will be treated as terminating 90 days
                    after you went on leave, unless your right to return to
                    active work is guaranteed under law or by a contract. Your
                    service terminates, in any event, when the approved leave
                    ends, unless you

<PAGE>

                                immediately return to active work.

                                Trintech determines which leaves count for this
                                purpose.

Restrictions on                 Trintech will not permit you to exercise this
Exercise                        Option if the exercise and/or issuance of Shares
                                at that time would violate any applicable
                                law or regulation.

Notice of                       When you wish to exercise this Option you must
Exercise                        notify Trintech by filing the proper "Notice of
                                Exercise" form at the address given on the form.
                                Your notice must specify how many Shares you
                                wish to purchase. Your notice must also
                                specify how your Shares should be registered
                                (in your name only or in your and your spouse's
                                joint names). The notice will be effective when
                                it is received by Trintech.

                                If someone else wants to exercise this Option
                                after your death, that person must prove to
                                Trintech's satisfaction that he or she is
                                entitled to do so.

<PAGE>

Form of Payment                 When you submit your Notice of Exercise, you
                                must include payment of the Exercise Price for
                                the Shares you are purchasing. Payment may be
                                made in one (or a combination of both) of the
                                following forms:

                                .  Your personal cheque, a cashier's cheque or a
                                   money order.

                                .  If Trintech then so permits, by irrevocable
                                   directions to a securities broker approved by
                                   Trintech to sell your Option Shares and to
                                   deliver all or a portion of the sale
                                   proceeds to Trintech in payment of the
                                   Exercise Price. (The balance of the sale
                                   proceeds, if any, will be delivered to you.)
                                   The directions must be given by signing a
                                   special "Notice of Exercise" form provided by
                                   Trintech.

Withholding Taxes                  You will not be allowed to exercise this
                                   Option unless you make acceptable

<PAGE>

                                            arrangements to pay any
                                            withholding taxes that may be due
                                            as a result of the Option exercise.

Restrictions on Resale                      By signing this Agreement, you agree
                                            not to sell any Option Shares at a
                                            time when applicable laws or
                                            Trintech policies prohibit a sale.
                                            This restriction will apply as long
                                            as you are an employee or director
                                            of Trintech (or a Subsidiary).

Transfer of Option                          Prior to your death, only you may
                                            exercise this Option (to the
                                            extent exercisable). You cannot
                                            transfer or assign this Option (to
                                            the extent exercisable). For
                                            instance, you may not sell this
                                            Option or use it as security for a
                                            loan. You may, however, dispose of
                                            this Option in your will.

                                            Regardless of any marital property
                                            settlement

<PAGE>

                                            agreement, Trintech is not
                                            obligated to honour a Notice of
                                            Exercise from your former spouse,
                                            nor is Trintech obligated to
                                            recognise your former spouse's
                                            interest in your Option in any other
                                            way.

Retention Rights                            Your Option or this Agreement do not
                                            give you the right to be retained by
                                            Trintech (or any Subsidiaries) in
                                            any capacity.

Shareholder Rights                          You, or your estate or heirs, have
                                            no rights as a shareholder of
                                            Trintech until a proper Notice of
                                            Exercise has been filed with
                                            Trintech and the exercise price has
                                            been tendered. No adjustments are
                                            made for dividends or other rights
                                            if the applicable record date occurs
                                            before a proper Notice of Exercise
                                            has been filed with Trintech and the
                                            exercise price has been tendered,
                                            except as

<PAGE>

                                            described in the Scheme.

Adjustments                                 In the event of a stock split, a
                                            stock dividend or a similar change
                                            in Trintech Shares, the number of
                                            Shares covered by this Option and
                                            the exercise price per share may be
                                            adjusted pursuant to the Scheme. In
                                            the event where Trintech is taken
                                            over or is a party to a merger, this
                                            Option will be handled in accordance
                                            with the Scheme.

Applicable law                              This Agreement and the Trintech
and Jurisdiction                            Group Limited Share Option 1997
                                            Scheme (as the same may be amended
                                            from time to time) will be governed
                                            by and construed in accordance with
                                            the laws of Ireland and you agree to
                                            submit to the non-exclusive
                                            jurisdiction of the Irish courts in
                                            connection with any disputes which
                                            may arise out of or in connection
                                            with this Agreement or the Trintech

<PAGE>

                                            Group Limited Share Option 1997
                                            Scheme.

The Scheme and other                        The text of the Trintech Group
Agreements                                  Share Option 1997 Scheme is
                                            incorporated in this Agreement by
                                            reference.

                                            This Agreement and the Scheme
                                            constitute the entire understanding
                                            between you and Trintech regarding
                                            this Option and any other options,
                                            or understandings agreements
                                            relating to options over Shares
                                            except under the Trintech Group
                                            Limited Executive Share Option
                                            Scheme or under this Scheme. Any
                                            prior agreements, commitments or
                                            negotiations concerning this Option
                                            are superseded.

By signing the cover sheet of this Agreement, you agree to all of the terms and
conditions described above and in the Scheme.

<PAGE>

                                                                 Agreement No:
                                                               (US Participants)
                                                                  5-Year Vesting

                 TRINTECH Group LIMITED SHARE OPTION 1997 SCHEME

                        Incentive Share Option Agreement
                        --------------------------------

Trintech Group Limited an Irish limited corporation `Trintech', hereby grants an
option to subscribe for Shares as may be represented by American Depositary
Shares and as may be evidenced by American Depositary Receipts to the
Participant named below. The terms and conditions of the option are set forth in
this cover sheet, in the attachment and in the Trintech Group Limited Share
Option 1997 Scheme ("the Scheme").

Date of Option Grant:    _______________________________________________________

Name of Participant:     _______________________________________________________

Social Security No. or
other tax identification:_______________________________________________________

Number of Shares Covered by Option: ____________________________________________

Type of Option: Incentive Share Option _________________________________________

Exercise Price per Share:   $___________________________________________________
(being market value on the day
preceding the date of grant)

Vesting Start Date:_____________________________________________________________

     By signing this cover sheet, you agree to all of the terms and
     conditions described in the attachment and in the Scheme.

SIGNED, SEALED AND DELIVERED
by the Participant
in the presence of:                                                       Seal:

Witness   Name:    _____________________________________________________________
-------

          Address:______________________________________________________________

<PAGE>

               _________________________________________________________________

               Occupation:______________________________________________________

GIVEN under the Common Seal

of TRINTECH Group LIMITED

                                                                   Agreement No:
                                (US Participants (except Officers or Directors))
                                                                  5-Year Vesting

                 TRINTECH Group LIMITED SHARE OPTION 1997 SCHEME

                          Incentive Share Option Agreement
                          --------------------------------

Incentive Share           This Option is intended to be an incentive stock on
Option                    option under section 422 of the Internal Revenue code
                          and will be interpreted accordingly.

Vesting                   Your right to exercise this Option vests in monthly
                          increments at the rate of 1/60th per month over the
                          five year period starting on the Vesting Start Date,
                          as shown on the cover sheet. For example, the
                          percentage of the total number of Shares for which
                          this option will be exercisable at the dates specified
                          below is as follows:

                          Anniversary of Vesting
                          ----------------------
                          Start Date                    Percentage
                          ----------                    ----------
                          First                          20%
                          Second                         40%

<PAGE>

                                Third                                60%
                                Fourth                               80%
                                Fifth                               100%

                                The resulting number of Shares will be rounded
                                up to the nearest whole number. No additional
                                Shares vest after your Trintech service has
                                terminated for any reason.

Term                            Your Option will expire in any event at the
                                close of business at Trintech headquarters on
                                the day before the 7th anniversary of the Date
                                of Grant, as shown on the cover sheet. (It will
                                expire earlier if your Trintech service
                                terminates, as described below.)

Regular                         If your service as an employee or
Termination                     director of Trintech (or any Subsidiary)
                                terminates for any reason except death (or
                                normal retirement or retirement due to Health
                                Reasons) then your Option (to the extent
                                exercisable) will expire at the close of
                                business at Trintech headquarters on the 30th
                                day (or such later date as the Committee may
                                decide) after your termination date.

<PAGE>

                                Trintech determines when your service terminates
                                for this purpose.

Death                           If you die as an employee or director of
                                Trintech (or any Subsidiary), then your Option
                                (to the extent exercisable) will expire at the
                                close of business at Trintech headquarters on
                                the date one year after the date of death.
                                During that one year period, your personal
                                representatives may exercise your option (to the
                                extent exercisable).

Normal Retirement               If your service as an employee or Early
                                Retirementdirector of Trintech (or any
                                Subsidiary) terminates because of normal
                                retirement or early retirement due to Health
                                Reasons then your Option (to the extent
                                exercisable) will expire at the close of
                                business at Trintech headquarters on the date
                                one year after your termination date.

Leaves of Absence               For purposes of this Option, your service does
                                not terminate when you go on sick leave or
                                another bona fide leave of absence if the

<PAGE>

                                  leave was approved by Trintech in writing. But
                                  your service will be treated as terminating 90
                                  days after you went on leave, unless your
                                  right to return to active work is guaranteed
                                  under law or by a contract. Your service
                                  terminates, in any event, when the approved
                                  leave ends, unless you immediately return to
                                  active work.

                                  Trintech determines which leaves count for
                                  this purpose.

Restrictions on                   Trintech will not permit you to exercise this
Exercise                          Option if the exercise and/or issuance of
                                  Shares at that time would violate any
                                  applicable law or regulation.

Notice of                         When you wish to exercise this Option you
Exercise                          must notify Trintech by filing the proper
                                  "Notice of Exercise" form at the address
                                  given on the form. Your notice must specify
                                  how many Shares you wish to purchase. Your
                                  notice must also specify how your Shares
                                  should be registered (in your name only or in
                                  your and your spouse's joint names). The
                                  notice will be

<PAGE>

                                effective when it is received by Trintech.

                                If someone else wants to exercise this Option
                                after your death, that person must prove to
                                Trintech's satisfaction that he or she is
                                entitled to do so.

              Form of Payment   When you submit your Notice of Exercise, you
                                must include payment of the Exercise Price for
                                the Shares you are purchasing. Payment may be
                                made in one (or a combination of both) of the
                                following forms:

                                .    Your personal cheque, a cashier's cheque or
                                     a money order.

                                .    If Trintech then so permits, by irrevocable
                                     directions to a securities broker approved
                                     by Trintech to sell your Option Shares and
                                     to deliver all or a portion of the sale
                                     proceeds to Trintech in payment of the
                                     Exercise Price. (The balance of the sale
                                     proceeds, if any, will

<PAGE>

                                            be delivered to you.) The directions
                                            must be given by signing a special
                                            "Notice of Exercise" form provided
                                            by Trintech.

                    Withholding Taxes       You will not be allowed to exercise
                                            this Option unless you make
                                            acceptable arrangements to pay any
                                            withholding taxes that may be due as
                                            a result of the Option exercise.

                    Restrictions on Resale  By signing this Agreement, you agree
                                            not to sell any Option Shares at a
                                            time when applicable laws or
                                            Trintech policies prohibit a sale.
                                            This restriction will apply as long
                                            as you are an employee or director
                                            of Trintech (or a Subsidiary).

                    Transfer of Option      Prior to your death, only you may
                                            exercise this Option (to the extent
                                            exercisable). You cannot transfer or
                                            assign this Option (to the extent
                                            exercisable). For

<PAGE>

                                            instance, you may not sell this
                                            Option or use it as security for a
                                            loan. You may, however, dispose of
                                            this Option in your will.

                                            Regardless of any marital property
                                            settlement agreement, Trintech is
                                            not obligated to honour a Notice of
                                            Exercise from your former spouse,
                                            nor is Trintech obligated to
                                            recognise your former spouse's
                                            interest in your Option in any other
                                            way.

                    Retention Rights        Your Option or this Agreement do not
                                            give you the right to be retained by
                                            Trintech (or any Subsidiaries) in
                                            any capacity.

                    Shareholder             Rights You, or your estate or heirs,
                                            have no rights as a shareholder of
                                            Trintech until a proper Notice of
                                            Exercise has been filed with
                                            Trintech and the exercise price has
                                            been tendered. No adjustments

<PAGE>

                                            are made for dividends or other
                                            rights if the applicable record date
                                            occurs before a proper Notice of
                                            Exercise has been filed with
                                            Trintech and the exercise price has
                                            been tendered, except as described
                                            in the Scheme.

                    Adjustments             In the event of a stock split, a
                                            stock dividend or a similar change
                                            in Trintech Shares, the number of
                                            Shares covered by this Option and
                                            the exercise price per share may be
                                            adjusted pursuant to the Scheme. In
                                            the event where Trintech is taken
                                            over or is a party to a merger, this
                                            Option will be handled in accordance
                                            with the Scheme.

                    Applicable law          This Agreement and the Trintech
                    and Jurisdiction        Group Limited Share Option 1997
                                            Scheme (as the same may be amended
                                            from time to time) will be governed
                                            by and construed in accordance with
                                            the laws

<PAGE>

                                            of Ireland and you agree to submit
                                            to the non-exclusive jurisdiction of
                                            the Irish courts in connection with
                                            any disputes which may arise out of
                                            or in connection with this Agreement
                                            or the Trintech Group Limited Share
                                            Option 1997 Scheme.

                    The Scheme and other    The text of the Trintech Group Share
                    Agreements              Option 1997 Scheme is incorporated
                                            in this Agreement by reference.

                                            This Agreement and the Scheme
                                            constitute the entire understanding
                                            between you and Trintech regarding
                                            this Option and any other options,
                                            or understandings agreements
                                            relating to options over Shares
                                            except under the Trintech Group
                                            Limited Executive Share Option
                                            Scheme or under this Scheme. Any
                                            prior agreements, commitments or
                                            negotiations concerning

<PAGE>

                                            this Option are superseded.

                         By signing the cover sheet of this Agreement, you agree
                         to all of the terms and conditions described above and
                         in the Scheme.<PAGE>

                                                                     Exhibit 4.3

                          EXCEPTIS TECHNOLOGIES LIMITED
                               SHARE OPTION SCHEME

The Scheme to which these rules relate is established and these rules are
adopted with effect from the 14th day of July 2000 by a board resolution of
Exceptis Technologies Limited passed on that date.

1.   DEFINITIONS

1.1  In these rules the following expressions have the following meanings:

     "the Accountants"   a firm of valuers or accountants who are qualified to
                         act as the auditors of the Company and who are
                         appointed by the Board to be the Accountants for the
                         purposes of this Scheme;

     "Adoption Date"     the date on which the Scheme is established and these
                         rules, are adopted as the rules of the Scheme;

     "Asset Sale"        a sale or other transfer of ownership of 50 percent or
                         more by value of the undertaking and assets of the
                         Company;

     "the Board"         the board of directors for the time being of the
                         Company or a duly constituted committee of such board

     "the Company"       Exceptis Technologies Limited, company number 184357.

     "Director"          a director for the time being of the Company;

     "Eligible Person"   a Qualifying Person or any other person whom the Board
                         may designate as an Eligible Person;

     "Exercise Amount"   in relation to an Option means the Option Price
                         multiplied by the number of shares the subject of the
                         Option;

     "Grant Date"        the date with effect from which an option is deemed to
                         have been granted;

     "Listing"           the admission of all or any of the Shares to any
                         recognised stock exchange (including without limitation
                         the Irish Stock Exchange, the London Stock Exchange,
                         the Neuer Markt of Deutsche B6rse, EASDAQ or NASDAQ);

<PAGE>

     "Market Value"          the most recent Market Value from time to time of a
                             fully paid Share calculated in accordance with
                             Section 548 Taxes Consolidation Act 1997;

     "Merger"                a substitution, consolidation or other transaction
                             involving the Shares or assets of the Company which
                             the Board deems constitutes a merger "Option," an
                             option to subscribe for Shares granted pursuant to
                             the Scheme, but not a Parallel Option;

     "Option Price"          the price payable for each Share on the exercise of
                             an Option as determined by the Board at the time of
                             the grant of the relevant Option;

     "Option Certificate"    a certificate over an Option in such form as the
                             Board shall determine;

     "Parallel Option"       an option granted under rule 17.1;

     "Participant"           any person who is for the time being the holder of
                             an Option or of Shares held pursuant to the
                             exercise of Option rights;

     "Qualifying Person"     an executive or employee of the Company or any
                             Subsidiary (including any Director of the Company
                             or any Subsidiary holding an executive office) who
                             has successfully completed his or her period of
                             probation and who is employed in a permanent
                             capacity;

     "these rules"           these rules as the same from time to time may be
                             amended and for the time being may be in force and
                             references herein to specific rules hereof shall be
                             construed accordingly;

     "the Scheme"            the share option scheme to which these rules relate
                             as amended from time to time in accordance with
                             these rules;

     "Scheme Shares"         such Shares as are issued pursuant to the Scheme.

     "Shares"                Ordinary Shares in the capital of the Company or
                             any Subsidiary;

     "Share Sale"            any transaction whereby any person obtains control
                             of the Company (within the meaning of Section 11 of
                             the Taxes Consolidation Act, 1997) as a result of
                             purchasing or subscribing for Shares;

     "Subsidiary"            any company or other body corporate which is for
                             the time being a subsidiary of the Company within
                             the meaning of Section 155 of the Companies Act,
                             1963.

     "Vesting"               the point at which the option becomes exercisable
                             in the hands of the employee.

1.2  In these rules the masculine shall include the feminine and neuter and vice
     versa. References in these rules to any enactment or to any constituent
     part or provision thereof shall mean such enactment, part or provision as
     the same may be amended and may from time to time and for

<PAGE>

     the time being in force. References in these ni1es to currency are
     references to the lawful currency for the time being of Ireland.

2.   ELIGIBILITY

2.1  The Board may grant Options to any Eligible Person. The Board shall
     determine at its absolute discretion whether or not a person is an Eligible
     Person.

2.2  No Eligible Person shall be entitled as of right to participate. The
     decision as to who shall have the opportunity of participating and the time
     and extent of his participation will be made, subject to the Scheme, by the
     Board at its absolute discretion.

3.   GRANT OF OPTIONS

3.1  Subject to rule 5, at any time and from time to time while the scheme is in
     operation the Board may offer to grant Options to such Eligible Persons as
     it may decide on the terms and conditions contained in these rules over
     such number of Shares. as the Board may determine.

3.2  Every such offer shall

     (a)  specify the number of Shares which are to be subject to the Option,

     (b)  specify, the Option Price payable for each Share under the Option in
          accordance with rule 4;

     (c)  specify the date or dates on which the Option or a portion of the
          Option may be first exercised and the last date on which the Option
          may be exercised in accordance with rule 6.3;

     (d)  specify any performance conditions which must be satisfied before the
          Option or any portion of the Option is exercisable; and

     (e)  specify the mode of acceptance of the offer and the latest date for
          acceptance.

     Save to the extent that the offer is duly accepted on or before the date so
     specified, it shall lapse.

3.3  Every such offer may be conditional upon the person to whom it is addressed
     entering into an agreement with the Company in relation to such Option
     within such time and in such form and content as the Board may require and
     in such event if such person shall fail to enter into such agreement within
     the time so specified the offer shall lapse.

3.4  Upon receipt by the Board of the acceptance and agreement, referred to
     above, the Company shall be deemed to have granted to such person, with
     effect from the date of the offer, an Option to acquire by subscription the
     appropriate number of Shares at the Option Price specified and shall
     deliver an Option Certificate to the Participant.

<PAGE>

3.5  Each Option shall be personal to the Participant and shall be
     non-assignable, but this is not to be taken as preventing the operation of
     rule 8. On any purported assignment of an Option in breach of this
     provision, whether by operation of law or otherwise, the Option shall
     immediately lapse.

4.   OPTION PRICE

4.1  The Option Price applicable to each Option shall be determined by the Board
     when making the Offer to grant the Option and shall be not less than

     (a)  the Market Value of a Share at that date (or at any earlier date which
          the Board may in any case decide) as determined by the Board following
          consultation with the Accountants, if a Listing has not been obtained,
          and

     (b)  the quoted price a Share at that date (Or at any earlier date which
          the Board may in any case decide), if a Listing has been obtained.

5.   LIMITS ON OPTIONS

5.1  The Board may grant an Option only if

     (a)  the number of Shares over which the Option is granted, when aggregated
          with

      (i)    the number of Shares over which options have previously been
             granted under the Scheme (excluding for this purpose Options which
             have lapsed, expired or otherwise terminated before exercise), and

      (ii)   the number of Shares over which options have been granted and are
             outstanding under any other share option or share incentive scheme
             relating to shares of the Company adopted on or after the Adoption
             Date does not exceed fifteen per cent. of the ordinary share
             capital of the Company in issue at the relevant Grant Date, and

     (b)  the Company has available sufficient unissued shares to satisfy the
          Option and all other outstanding Options, and the Company shall keep
          available sufficient unissued shares to satisfy any outstanding
          Options. For the avoidance of doubt, Parallel Options and agreements
          for Parallel Options becoming binding on the Company under rule 17.3
          shall be disregarded for the purposes of this rule.

5.2  No Option shall be capable of being granted under the Scheme more than
     seven years after the Adoption Date.

5.3  All Options granted under this Scheme are subject to:

     (a)  the right of the Company to cancel any Option (whether or not vested)
          upon such terms as to compensation (if any) as the Board may
          determine, including (without limitation)

<PAGE>

          (i)    paying to each Participant holding a cancelled Option a sum
                 equal to the excess of the Market Value of a Share on the date
                 of cancellation, as determined by the Board following
                 consultation with the Accountants, over the Option Price
                 payable to acquire one Share under the cancelled Option
                 multiplied by the number of Shares over which the Option was
                 granted, or

          (ii)   granting or arranging to grant to each Participant holding a
                 cancelled Option of an option over other Shares or over the
                 shares of another company which the Board considers (by
                 reference to the Market Value of Shares and, where appropriate,
                 the market value of the shares over which the new option is
                 granted) to be equivalent to the Option cancelled,

     (b)     the right, but not the obligation, of the Company to require any
             Participant whose office or employment with the Company or a
             Subsidiary has been terminated or who otherwise wishes to dispose
             of the whole or any part of the Shares acquired by him pursuant to
             an Option (the "Option Shares") to offer, in the case of the
             termination of such office or employment, all Option Shares and, in
             the case where he wishes to dispose of any Option Shares, these
             Option Shares of which he wishes to dispose,

          (i)    for sale to the Company under Article 8 of the Articles of
                 Association of the Company, and

          (ii)   if the Company does not accept that offer, for sale to other
                 members in accordance with Article 10 of the Articles of
                 Association of the Company,

          the sale price per Share in either case to be equal to the Market
          Value at the date of termination of his office or employment or the
          date upon which he notifies the Company of his desire to dispose of
          Option Shares, as appropriate.

5.4  Scheme shares shall rank pari passu in all respects with the Shares for the
     time being in issue. For the avoidance of doubt, Scheme Shares shall not
     confer on the holders thereof any rights which the holders of the Shares
     for the time being in issue have by reference to a record date which has
     occurred before the date on which the Scheme Shares were issued.

6.   EXERCISE OF OPTIONS

6.1  No Option shall be capable of being exercised more than 7 years after the
     Grant Date of that Option.

6.2  Where performance conditions have been attached to an Option under rule
     3.2(d), the Board shall determine, in consultation with the Accountants,
     whether those performance conditions have been satisfied. An Option may
     only be exercised if the performance conditions applicable to that Option
     or applicable to the portion of the Option which is to be exercised have
     been satisfied.

6.3  Subject always to the provisions of rules 8 and 9, an Option shall only be
     capable of being exercised

<PAGE>

     (a)  as to 20% of the Shares- over which the Option is granted, one-year
          after the Grant Date;

     (b)  as to 40% of the Shares over which the Option is granted, two years
          after the Grant Date;

     (c)  as to 60% of the Shares over which the Option is granted, three years
          after the Grant Date;

     (d)  as to 80% of the Shares over which the Option is granted, four years
          after the Grant Date; and

     (e)  as to'100% of the Shares over which the Option is granted, five years
          after the Grant Date;

     or at such other date or dates as the Board may specify when making the
     Offer to grant the Option.

7.   PROCEDURE ON EXERCISE OF OPTIONS

7.1  Upon the exercise of an Option in whole or in part the Participant shall
     pay the Exercise Amount (or, as the case may be, the appropriate portion of
     the Exercise Amount) to the Company and shall deliver the Option
     Certificate to the Company and the Company, as soon as practicable after
     the receipt thereof, shall issue the appropriate number of Shares to the
     Participants and deliver to the Participant any appropriate balance Option
     Certificate.

8.   DEATH, RETIREMENT AND LEAVING SERVICE

8.1  If a Participant dies, his legal personal representatives shall be treated
     for the purpose of Options previously granted, whether vested or not, as if
     they were the deceased Participant, and shall have the same entitlements as
     the Participant would have had, and be subject to the same restrictions as
     the Participant would have been, had his employment with the Company or a
     subsidiary Company continued.

8.2  If a Participant ceases to hold the employment by virtue of which he is
     eligible to participate in the Scheme at a time when an Option is capable
     of being exercised by him,

     (a)  because he has retired on or after reaching the normal retirement age
          of the Company in which he held such office or by which he was
          employed; or

     (b)  because he has retired in circumstances which the Board in its
          absolute discretion consider to amount to early retirement; or

     (c)  because he is made redundant within the meaning of the Redundancy
          Payments Acts 1967 to 1979;

<PAGE>

     then in such case any Option which is capable of being exercised as
     aforesaid then held by him may be exercised not later than whichever shall
     first occur:

        (i)   the expiry of three months after the cessation of employment, or
              such longer period as the Board in its absolute discretion may
              determine, or

        (ii)  the expiry of seven years from the Grant Date of the Option,

     and shall expire if not exercised within that period. All other Options
     shall expire forthwith on such cessation of employment taking effect.

8.3  In the case of termination of employment of a Participant for any reason
     other than death or as stated in rule 8.2, all Options granted to that
     Participant whether or not then capable of immediate exercise, shall expire
     forthwith on such termination taking effect, except to the extent that the
     Board determines before or after the termination that the Options shall
     continue notwithstanding the termination but otherwise subject to the terms
     of the Scheme.

8.4  In no circumstances shall any Participant or the personal representatives
     of any Participant dying, retiring or ceasing to hold employment as
     aforesaid be entitled to any compensation for any loss of any right or
     benefit or prospective right or benefit under the Scheme which he might
     otherwise have enjoyed whether such compensation is claimed by way of
     damages for wrongful dismissal or other breach of contract or by way of
     compensation for loss of office or otherwise howsoever.

9.   OFFERS FOR SHARE CAPITAL

9.1  If an offer is made to acquire the whole or a specified proportion of the
     Shares held by each holder of Shares (a "Share Offer"), the Board may

     (a)   resolve to cancel all Options then outstanding under the Scheme
           (whether or not immediately exercisable) with effect from the
           completion of the Share Offer and

        (i)   to pay each Participant holding a cancelled Option a sum equal to
              the excess of the Market Value of a Share on the date of
              cancellation, as determined by the Board following consultation
              with the Accountants, over the Option Price payable to acquire one
              Share under the cancelled Option multiplied by the number of
              Shares over which the Option was granted, or

        (ii)  to arrange for the grant to each Participant holding a cancelled
              Option of an option over the share of another company which the
              Board considers (by reference to the Market Value of Shares and
              the Market Value of the shares over which the new option is
              granted) to be equivalent to the Option cancelled,

        or

<PAGE>

          (b)   resolve that all Options then outstanding under the Scheme and
                not immediately exercisable shall become immediately
                exercisable, and that all Options not exercised before or upon
                completion of the Share Offer shall thereupon lapse.

10.       VOTING OF SCHEMIE SHARES

10.1      If a Share Sale, Asset Sale, Merger or reorganisation of capital of
          the kind mentioned in rule 11 (a "transaction") is proposed and the
          Board has recommended the proposal to the shareholders of the Company,
          every Eligible Person who, having exercised any Option in whole or in
          part, is the holder of any Scheme Shares, shall be bound, on any
          resolution put to shareholders in connection with the transaction, to
          cast the votes attaching to the Scheme Shares in accordance with the
          recommendation of the Board.

11.       ADJUSTMENT OF OPTIONS

11.1      Subject to the provisions of rule 11.5, if an allotment of Shares is
          made to the holders of Shares credited as fully paid up by way of
          capitalisation of profits or reserves (other than an allotment as part
          of a scrip dividend issue) or on a sub-division, consolidation or
          reduction of capital of the Company, each Participant shall be
          entitled

          (a)   to surrender every Option held by him which has not been
                entirely exercised, and

          (b)   to be granted in its place an Option at the same Exercise Amount
                (or, as the case may be, at an Exercise A-mount equal to the
                appropriate portion of the Exercise Amount of the surrendered
                Option) and in all other respects on identical terms in respect
                of a number of Shares such that

               (i)    the ratio between that number of Shares and the total
                      number of issued Shares, and

               (ii)   the ratio between the number of Shares to which the
                      surrendered Option (or, as the case may be, the
                      unexercised portion thereof) related and the total number
                      of issued Shares immediately prior to the said allotment
                      shall be the same;

                      provided that the grant of any replacement Option shall
                      have been certified in writing by the Accountants as being
                      in their opinion fair and reasonable and shall not result
                      in any Participant becoming entitled to subscribe for
                      Shares at less than their nominal value.

11.2      Subject to the provisions of rule 11.5, if the holders of Shares are
          granted rights to subscribe for further Shares (such rights being
          related to the number of Shares held by them respectively) the Board
          shall decide in its absolute discretion whether the granting of such
          rights and subscriptions made thereunder do or do not (or will or will
          not) result in any depletion of the value of each Share. If the Board
          decides that such granting and subscription do (or will) result in
          such depletion then it shall notify each Participant accordingly and
          within 30 days of the issue of such notification each Participant
          shall be entitled

<PAGE>

     (a)  to surrender every Option held by him which has not been entirely
          exercised, and

     (b)  to be granted in its place an Option at the same Exercise Amount (or,
          as the case may be, at an Exercise Amount equal to the appropriate
          portion of the Exercise Amount of the surrendered Option) and in all
          other respects on identical terms in respect of such number of Shares
          as in the opinion of the Board shall be appropriate having regard to
          such depletion;

          provided that the effective variation in the number of Shares to which
          the Option related shall have been certified in writing by the
          Accountants as being in their opinion fair and reasonable and shall
          not result in any Participant becoming entitled to subscribe for
          Shares, at less then their nominal value.

11.3 Any Option granted in place of a surrendered Option. as aforesaid shall be
     exercisable at the same time as such surrendered Option and for the
     purposes of the Scheme shall be deemed (as from the Grant Date thereof) to
     have been granted at the same time as such surrendered Option.

11.4 On any surrender of an Option as aforesaid the Participant shall deliver to
     the Company the Option Certificate in respect of the Option surrendered and
     the Company shall deliver in exchange an Option Certificate in respect of
     the Option granted in its place.

11.5 Where a Participant would become entitled pursuant to rule 11.1 or rule
     11.2 to surrender an Option held by him but for the fact that the Option to
     be granted to him in place of the surrendered Option would entitle him to
     subscribe for Shares at less than their nominal value, then the Board,
     before convening the general meeting of the Company at which resolutions
     would be submitted for the capitalisation, sub-division, consolidation or
     reduction referred to in rule 11. 1 or for the granting of the rights
     referred to in rule 11.2, shall notify each Participant

     (a)  that it is intended to convene such meeting, and

     (b)  that if the Participant wishes to preserve the proportion which the
          number of Shares for which he is then entitled to subscribe bears to
          the issued share capital of the Company. which would result after such
          Subscription by him, he may exercise his Option, and

     (c)  that after such notification the Company shall proceed to convene the
          meeting.

     If any Participant so notified does not wish to exercise any Option held by
     him then the Board shall favourably consider granting (but shall not be
     bound to grant) to such Participant financial assistance to assist him to
     subscribe for Shares on the exercise of an Option. At the end of such
     period of 30 days the Board shall be entitled to convene such meeting and
     any such capitalisation, subdivision, consolidation or reduction referred
     to in rule 11.1 and any such decision made by the Board referred to in rule
     11.2 shall be made by reference to the Participants shown to be members and
     the numbers of shares held by them respectively

<PAGE>

         entered on the register of the Company at close of business on the day
         which is two days before the date on which such meeting has been
         concerned.

12.      LIQUIDATION

12.1     If the Company goes into liquidation, all Options shall cease ipso
         facto to be exercisable and (save to the extent, if at all, that the
         Board in its absolute and uncontrolled discretion may determine before
         such liquidation) Participants shall not be entitled to damages or
         other compensation of any kind. Provided that if the proposed
         liquidation is for amalgamation, reconstruction, reorganisation or any
         other purpose not as a result of the insolvency of the Company then the
         Board shall notify Participants in the same manner as is provided in
         rule 11.5 and the provisions of that rule shall apply mutatis mutandis
         to the exercise of Options and the summoning of the general meeting of
         the Company.

13.      ALTERATIONS

13.1     At any time the Company by resolution in general meeting or by
         resolution of the Board (or of any duly appointed committee thereof
         duly authorised by the Board for this purpose) may alter or revoke any
         of the provisions of the Scheme in such manner as may be thought fit,
         provided that:

         (a)   except with the prior sanction of or by resolution of the Company
               in general meeting, no alteration shall be made to the provisions
               of the Scheme which would have the effect of reducing the Option
               Price and no alteration shall be made to the provisions of this
               rule or rules 3.1, 4, 5, 8 or 9 or to the definitions of
               "Eligible Person", "Market Value" or "Participant" contained in
               rule 1;

         (b)   no such alteration or revocation shall increase the amount
               payable by any Participant or otherwise impose more onerous
               obligations on any Participant in respect of the exercise of an
               Option which has already been granted or the transfer of Scheme
               Shares.

14.      TERMINATION

14.1     The Scheme may be terminated at any time by ordinary resolution of the
         company or by resolution of the Board.

14.2     No  termination of the Scheme shall effect or modify any subsisting
         rights or obligations of the  Participants  in respect of any Options
         and notwithstanding such termination the Company shall continue to do
         and perform such acts in accordance with the provisions hereof as are
         necessary for or incidental to the administration and management of
         outstanding rights and obligations which arose under or by virtue of
         the Scheme.

<PAGE>

15.      DISPUTES

15.1     Any disputes arising hereunder shall be referred to the decision of the
         Accountants acting as experts and not as arbitrators and their decision
         shall be final and (save for manifest error) shall be binding on all
         persons concerned.

16.      DIRECTIONS OF THE COMPANY

16.1     The exercise by the Board of all rights and authorities conferred upon
         them by these rules and the application of these rules to any
         particular person or matter shall be subject to any directions in
         relation thereto which shall be given at any time and from time to time
         by the Company by ordinary resolution provided that (subject to rule
         11) no such direction shall increase the amount payable by any
         Participant or otherwise impose more onerous obligations on any
         Participant in respect of the exercise of an Option which has been
         granted already or in respect of the transfer of Scheme Shares.

17.      PARALLEL OPTIONS

17.1     The Board may arrange for any holder of Shares (a "Grantor") to enter
         into an agreement with a Qualifying Person (a "Grantee") by which the
         Grantor grants the Grantee an option to purchase Shares from the
         Grantor upon terms which parallel the terms of this Scheme, mutatis
         mutandis.

17.2     No agreement for the grant of a Parallel Option shall provide for the
         Grantor to pay any compensation in the event of the cancellation of the
         Parallel Option. If a Parallel Option is cancelled under Rules 5.3(a)
         or 9.1 (a), or under any term of any agreement relating to the Parallel
         Option which corresponds to those Rules, the Company shall pay the like
         compensation as it would pay if the Parallel Option were an Option
         granted under this Scheme and cancelled under rule 5.3(a) or 9.1 (a),
         as the case may be.

17.3     If the Grantee of a Parallel Option seeks to exercise the Parallel
         Option in accordance with the terms of the agreement by which it is
         granted, and the Grantor fails in breach of those terms to sell Shares
         to the Grantee, the Company shall be bound by the agreement as though
         it were an Option granted under this Scheme, and subject to the terms
         of this Scheme the Grantee may exercise the Parallel Option as
         prescribed in Rules 6 and 7.

<PAGE>

                                    SCHEDULE

                 Suggested Form Of Offer and Form of Acceptance

                          EXCEPTIS TECHNOLOGIES LIMITED
                               SHARE OPTION SCHEME

                                                                   [1 July 2000]

Dear [Employee],

I am pleased to inform you that the Board of Directors of the Company has
nominated you as a person entitled to participate in the above Scheme, a copy of
which is enclosed.

The Board hereby offers to grant you, upon and subject to the terms and
conditions of the Scheme, an Option over [100] Shares each at an Option Price of
[(pound)1] per Share.

The exercise of the Option is subject to the satisfaction of the following
conditions:

                        [set out any special conditions]

Subject to those conditions being satisfied, and subject to the Rules of the
Scheme, the Option is exercisable

(a)     as to [20] Shares, from [1 July 2001];

(b)     as to a further [20] Shares, from [1 July 2002];

(c)     as to a further [20] Shares, from [1 July 2003];

(d)     as to a further [20] Shares, from [1 July 2004]; and

(e)     as to the remaining [20] Shares, from [1 July 2005];

If and to the extent that the Option has not been exercised by [1 July 2007], it
will lapse.

Once the offer is accepted in the manner described below, the Option shall be
deemed granted with effect from the date of this letter.

This offer may be accepted as to all the Shares offered, or a lesser number.
It is made subject to your agreement, which will be evidenced by your acceptance
of the offer in the manner specified below, to comply with and to abide by the
Rules of the Scheme.

<PAGE>

If you wish to accept this offer, you must complete the form of acceptance at
the foot of the attached duplicate of this letter and return the duplicate to me
not later than [I August 2000].

Yours faithfully,

For and on behalf of the Board

                               Form Of Acceptance

I hereby accept in respect of         Shares the offer of an Option as set out
in this letter upon and subject to the terms and conditions of the Scheme.

I undertake to comply with and abide by the Rules of the Scheme as the same may
be amended from time to time.

Dated:

Signed:

<PAGE>

                      Suggested Form Of Option Certificate

                         EXCEPTIS TECHNOLOGIEES LIMITED
                               SHARE OPTION SCHEME

                               OPTION CERTIFICATE

                               (Not transferable)

THIS IS TO CERTIFY that [Employee] is the holder of an Option under the above
Scheme in respect of [100] Shares in the Company.

Subject to the Rules of the Scheme and the following conditions as to the
exercise of the Option:

                        [set out any special conditions]

this Option may be exercised in whole or in part

(f)     as, to [20] Shares, from [1 July 2001];

(g)     as to a further [20] Shares, from [1 July 2002];

(h)     as to a further [20] Shares, from [1 July 2003];

(i)     as to a further [20] Shares, from [1 July 2004];and

(j)     as to the remaining [20] Shares, from [1 July 2005].

If and to the extent that this Option has not been exercised by [1 July 2007],
it will lapse.

This Option may be exercised by the holder completing and signing a Notice of
Exercise of Option and Participant Agreement in the form attached, and leaving
them at or sending them to the registered office of the Company together with

(i)     this Option Certificate, and

(ii)    a bank draft or cheque representing an Option Price of [V] per Share
multiplied by the number of Shares in respect of which the notice is given

Following exercise of the Option the appropriate number of Shares in the Company
will be issued to the holder in accordance with the Scheme, together with a
fresh Option Certificate in respect of any balance of the Option remaining
unexercised.

<PAGE>

Dated this           day of

Director                                    Secretary

<PAGE>

                        Suggested Form Of Exercise Notice

                          EXCEPTIS TECHNOLOGIES LIMITED
                               SHARE OPTION SCHEME
                          NOTICE OF EXERCISE OF OPTION
                            AND PARTICIPANT AGREEMENT

Exceptis Technologies. Limited
[Registered Office]

I hereby exercise the Option evidenced by the attached Option Certificate with
respect to Shares in the Company and deliver herewith a draft/cheque for [ ]
representing the applicable Option Price per share multiplied by the above
number of shares.

I request you to allot to me the above number of Shares in the Company subject
to the Memorandum and Articles of Association and in consideration of your doing
so I hereby agree

(a)     that the Rules of the Scheme shall continue to apply to me:

(b)     in particular, and without prejudice to the generality of the foregoing,
that in accordance with rule 10 of the Scheme, if a Share Sale, Asset Sale or
Merger (each as defined in the Scheme) or reorganisation of capital is proposed
and the Board has recommended the proposal to the shareholders of the Company, I
shall be bound, on any resolution put to shareholders in connection with the
transaction, to cast the votes attaching to my Scheme Shares in accordance with
the recommendation of the Board.

Please arrange that the Share Certificates for the said shares and (if
applicable) a balance Option Certificate be sent to me at the address below.

Dated the         day of

Signed
Name in full
Address

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00030-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00030-of-00352.parquet"}]]