Document:

EXHIBIT 4.1

                          AMERICAN UNITED GLOBAL, INC.
                         2000 EMPLOYEE STOCK OPTION PLAN

1.    PURPOSES

      The purposes of the American  United  Global,  Inc.  2000  Employee  Stock
Option  Plan (the  "Plan")  are to aid  American  United  Global,  Inc.  and its
"subsidiaries"  or  "parents"  (as defined  under the federal  securities  laws)
(together the  "Company") in attracting and retaining  highly capable  employees
and to enable selected key employees and consultants or other representatives of
the Company to acquire or increase  ownership interest in the Company on a basis
that will encourage them to perform at increasing  levels of  effectiveness  and
use their best efforts to promote the growth and  profitability  of the Company.
Consistent with these objectives,  this Plan authorizes the granting to selected
key employees and  consultants  of options to acquire up to 6,000,000  shares of
the  Company's  voting  Common  Stock,  par value  $.01 per share  (the  "Common
Stock"), pursuant to the terms and conditions hereinafter set forth.

      Options granted  hereunder may be (i) "Incentive  Options" (which term, as
used  herein,  shall mean  options  that are  intended  to be  "incentive  stock
options"  within  the  meaning  of Code  Section  422),  or (ii)  "Non-Qualified
Options"  (which term, as used herein,  shall mean options that are not intended
to be Incentive Options).

2.    EFFECTIVE DATE

      Following  approval by the holders of a majority of the outstanding shares
of common  stock,  this Plan shall become  effective as of December 7, 1999 (the
"Effective Date").

3.    ADMINISTRATION

      (a)   This Plan shall be  administered  by a committee  (the  "Committee")
consisting of not less than two members of the Board of Directors of the Company
(the "Board of Directors"),  who are selected by the Board of Directors.  If, at
any  time,  there  are less  than two  members  of the  Committee,  the Board of
Directors  shall  appoint one or more other members of the Board of Directors to
serve on the Committee.  All Committee  members shall serve, and may be removed,
at the pleasure of the Board of Directors.

      (b)   A majority of the members of the  Committee  (but not less than two)
shall  constitute  a quorum,  and any action taken by a majority of such members
present at any meeting at which a quorum is present, or acts approved in writing
by all such members, shall be the acts of the Committee.

      (c)   Subject to the other  provisions of this Plan,  the Committee  shall
have full authority to decide the date or dates on which options (the "Options")
to acquire  shares of Common Stock will be granted under this Plan (the "Date of
Grant"),  to  determine  whether  the Options to be granted  shall be  Incentive
Options or Nonqualified Options, or a combination of both, to select the persons
to whom the  Options  will be granted and to  determine  the number of shares of

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Common Stock to be covered by each Option, the price at which such shares may be
purchased upon the exercise of such option (the "Option  Exercise  Price"),  and
other terms and conditions of the Options. In making those  determinations,  the
Committee shall solicit the recommendations of the President and Chairman of the
Board of the Company and may take into account the proposed  optionee's  present
and  potential  contributions  to the  Company's  business and any other factors
which the Committee may deem relevant.  Subject to the other  provisions of this
Plan,  the Committee  shall also have full  authority to interpret this Plan and
any stock option agreements evidencing Options granted hereunder, to issue rules
for administering this Plan, to change,  alter, amend or rescind such rules, and
to make all other determinations necessary or appropriate for the administration
of this Plan. All determinations,  interpretations and constructions made by the
Committee pursuant to this Section 3 shall be final and conclusive. No member of
the  Board of  Directors  or the  Committee  shall  be  liable  for any  action,
determination  or omission taken or made in good faith with respect to this Plan
or any Option granted hereunder.

4.    ELIGIBILITY

      Subject to the provisions of Section 7 below, key employees of the Company
(including  officers and directors who are employees) and  consultants and other
representatives  of the Company shall be eligible to receive  Options under this
Plan.

5.    OPTION SHARES

      (a)   The  shares  subject  to  Options  granted  under this Plan shall be
shares of Common  Stock  and,  except as  otherwise  required  or  permitted  by
Subsection  5(b) below,  the  aggregate  number of shares with  respect to which
Options may be granted shall not exceed 6,000,000  shares. If an Option expires,
terminates  or is  otherwise  surrendered,  in  whole  or in  part,  the  shares
allocable to the unexercised portion of such Option shall again become available
for grants of Options hereunder. As determined from time to time by the Board of
Directors,  the shares  available  under  this Plan for  grants of  Options  may
consist either in whole or in part of authorized  but unissued  shares of Common
Stock or shares of Common Stock which have been  reacquired  by the Company or a
subsidiary following original issuance.

      (b)   The  aggregate  number of shares of Common Stock as to which Options
may be granted  hereunder,  as provided in Subsection 5(a) above,  the number of
shares covered by each outstanding Option and the Option Exercise Price shall be
proportionately  adjusted  for any  increase or decrease in the number of issued
shares of Common  Stock  resulting  from a stock split or other  subdivision  or
consolidation of shares or other capital  adjustment,  or the payment of a stock
dividend;  PROVIDED, HOWEVER, that any fractional shares resulting from any such
adjustment shall be eliminated.

      (c)   The aggregate fair market value, determined on the Date of Grant (as
such term is defined in Section 6(a) below), of the shares of stock with respect
to which Incentive Options are exercisable for the first time by an Optionee (as
such term as defined in Section 6 below)  during any  calendar  year  (under all
incentive stock option plans of the Company and its subsidiaries) may not exceed
$100,000.

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6.    TERMS AND CONDITIONS OF OPTIONS

      The  Committee  may,  in its  discretion,  grant  to a key  employee  only
Incentive Options, only Nonqualified Options, or a combination of both, and each
Option granted shall be clearly  identified as to its status.  Recipients  other
than employees of the Company can only receive Nonqualified Options. Each Option
granted  pursuant to this Plan shall be evidenced  by a stock  option  agreement
between  the  Company  and the  recipient  to whom the  option is  granted  (the
"Optionee")  in such form or forms as the  Committee,  from time to time,  shall
prescribe, which agreements need not be identical to each other but shall comply
with and be subject to the following terms and conditions:

      (a)   OPTION EXERCISE PRICE. The Option Exercise Price at which each share
of Common Stock may be purchased  pursuant to an Option shall be  determined  by
the Committee,  except that (i) the Option Exercise Price at which each share of
Common Stock may be purchased  pursuant to an Incentive Option shall be not less
than 100% of the fair  market  value for each such share on the Date of Grant of
such Incentive  Option and (ii) the Option Exercise Price at which each share of
Common Stock may be purchased  pursuant to a  Non-Qualified  Option shall not be
less than 85% of the fair  market  value for each  share on the Date of Grant of
such  Nonqualified  Option.  Anything  contained  in  this  Section  6(a) to the
contrary notwithstanding, in the event that the number of shares of Common Stock
subject  to  any  Option  is  adjusted   pursuant  to  Section  5(b)  above,   a
corresponding adjustment shall be made in the Option Exercise Price per share.

      (b)   DURATION OF OPTIONS.  The duration of each Option granted  hereunder
shall be  determined  by the  Committee,  except that each  Nonqualified  Option
granted hereunder shall expire and all rights to purchase shares of Common Stock
pursuant thereto shall cease one day before the tenth anniversary of the Date of
Grant of such Option and each Incentive  Option granted  hereunder  shall expire
and all rights to purchase  shares of Common Stock pursuant  thereto shall cease
one day before  the tenth  anniversary  of the Date of Grant of such  Option (in
each case, the "Expiration Date").

      (c)   VESTING OF OPTIONS.  The vesting of each  Option  granted  hereunder
shall be determined by the Committee.  Only such vested  portions of Options may
be  exercised.   Anything  contained  in  this  Section  6(c)  to  the  contrary
notwithstanding,  an Optionee shall become fully (100%) vested in each of his or
her Options upon his or her termination of employment with the Company or any of
its subsidiaries for reasons of death,  disability or retirement.  The Committee
shall, in its sole discretion, determine whether or not disability or retirement
has occurred.

      (d)   MERGER,  CONSOLIDATION,  ETC. In the event the Company shall propose
to  merge  into,  consolidate  with,  or  sell  or  otherwise  transfer  all  or
substantially  all of its assets to,  another  corporation  and provision is not
made pursuant to the terms of such trans shall,  pursuant to action by its Board
of  Directors,  at any time  action  for (i) the  assumption  by the  surviving,
resulting or acquiring corporation of outstanding Options, (ii) the substitution
therefor of new options granting  reasonably  similar rights and privileges,  or
(iii)  the  payment  of cash or other  consideration  in  respect  thereof,  the
Committee shall cause written notice of the proposed  transaction to be given to
each Optionee not less than 30 days prior to the announced anticipated effective
date of the proposed transaction, and the Committee shall specify in such notice
a date,

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which  date shall be not less than 10 days  prior to the  announced  anticipated
effective  date of the proposed  transaction  (the "Vesting  Date"),  upon which
Vesting Date each  Optionee's  Options  shall become fully (100%)  vested.  Each
Optionee  shall have the right to exercise his or her Options to purchase any or
all shares then  subject to such  Options  during the period  commencing  on the
Vesting  Date and ending at 5:00 p.m.  on the day which is two (2) days prior to
the announced  anticipated  effective date of the proposed  transaction.  If the
transaction is consummated,  each Option, to the extent not previously exercised
prior  to the  effective  date  of the  transaction,  shall  terminate  on  such
effective  date. If the  transaction is abandoned or otherwise not  consummated,
then to the extent that any Option not exercised prior to such abandonment shall
have vested  solely by  operation of this Section  6(d),  such vesting  shall be
annulled and be of no further  force or effect and the vesting  period set forth
in Section 6(c) above shall be reinstituted as of the date of such abandonment.

      (e) EXERCISE OF OPTIONS.  A person entitled to exercise an Option,  or any
portion  thereof,  may exercise it (or such vested portion  thereof) in whole at
any time,  or in part from time to time,  by  delivering  to the  Company at its
principal office,  directed to the attention of its Chairman,  President or such
other duly elected officer as shall be designated in writing by the Committee to
the Optionee,  written  notice  specifying  the number of shares of Common Stock
with respect to which the Option is being  exercised,  together  with payment in
full of the Option Exercise Price for such shares. Such payment shall be made in
cash or by certified check or bank draft to the order of the Company;  PROVIDED,
HOWEVER, that the Committee may, in its sole discretion, authorize such payment,
in whole or in part, in any other form,  including  payment by personal check or
by the exchange of shares of Common Stock of the Company previously  acquired by
the person entitled to exercise the Option and having a fair market value on the
date of exercise  equal to the price for which the shares of Common Stock may be
purchased pursuant to the Option. In lieu of payment of cash upon exercise of an
Option, a Holder may effect a "cashless"  exercise of an Option by  surrendering
such Option at the  principal  office of the  Company,  accompanied  by a notice
stating (i) such  Holder's  intent to effect  such  cashless  exercise  (ii) the
number of shares of Common Stock to be issued upon exchange,  and (iii) the date
upon which the Holder  requests  that such  exercise is to occur.  The  exercise
price  for the  Options  to be  acquired  shall  be paid  by the  surrender,  as
indicated  in the  notice,  of such  number of Options  as equals the  aggregate
Exercise Price of the Options desired to be exercised, divided by the difference
in the Market Price of the shares of Common Stock  underlying the Options of the
Common Stock publicly traded, and the Exercise Price of this Option. The "Market
Price" is  defined  as the  average  of the  closing  bid and ask prices for the
Common Stock for the ten trading days prior to the date specified in (iii) above
(which date shall not precede the date of receipt by the Company of the Holder's
notice).

      (f)   NONTRANSFERABILITY. The Options shall not be transferable other than
by will or the laws of descent and  distribution  and no Option may be exercised
by  anyone  other  than  the  Optionee;  that if the  Optionee  dies or  becomes
incapacitated,  the  Option  may  be  exercised  by his  or  her  estate,  legal
representative  or  beneficiary,  as the case may be, subject to all other terms
and conditions contained in this Plan.

      (g)   TERMINATION  OF EMPLOYMENT.  The following  rules shall apply in the
event that an Optionee is an employee of the Company as regards such  Optionee's
termination of employment with the Company:

            (i)   In the event of an Optionee's  termination of employment  with
the Company  either (1) by the  Company  for Cause (as  defined in any  relevant
employment  agreement  to which  Optionee is a party) or for fraud,  dishonesty,
habitual  drunkenness  or drug use, or willful  disregard of assigned  duties by
such  Optionee  in the  absence  of such an  agreement,  or (2) by the  Optionee
voluntarily  otherwise  than at the end of an  employment  term under a relevant
employment  agreement  to which  Optionee  is a party and  without  the  written
consent of the Company, then the Option shall immediately terminate.

            (ii)  In the event of the Optionee's  termination of employment with
the Company

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for reason of retirement or under  circumstances  other than those  specified in
subsection  (g)(i)  immediately  above,  and for  reasons  other  than  death or
disability,  the Option  shall  terminate  three  months  after the date of such
termination  of  employment or on the  Expiration  Date,  whichever  shall first
occur; PROVIDED,  HOWEVER, that if the Optionee dies within such 3-month period,
the time period set forth in subsection (g) (iii) immediately below shall apply.

            (iii) In the event of the death or disability, of the Optionee while
the Optionee is employed by the Company, the Option shall terminate on the first
anniversary  of the Optionee's  date of  termination  of  employment,  or on the
Expiration Date, whichever shall first occur.

            (iv)  Anything   contained   in  this  Section  6  to  the  contrary
notwithstanding,  the  Option may only be  exercised  following  the  Optionee's
termination  of  employment  with the  Company  for  reasons  other than  death,
disability or retirement if, and to the extent that, the Option was  exercisable
immediately prior to such termination of employment.

            (v)   The Optionee's  transfer of employment between American United
Global,  Inc. and its "subsidiaries" and "parents" (as defined under the federal
securities  laws) shall not  constitute  a  termination  of  employment  and the
Committee  shall  determine in each case whether an authorized  leave of absence
for military service or otherwise shall constitute a termination of employment.

            (vi)  Termination of the Optionee's  employment shall not affect the
vesting schedule of the Optionee's Option.

      (h)   NO RIGHTS AS  SHAREHOLDER  OR TO CONTINUED  EMPLOYMENT.  No Optionee
shall have any rights as a shareholder of the Company with respect to any shares
covered  by an Option  prior to the date of  issuance  to such  Optionee  of the
certificate  or  certificates  for such  shares,  and neither  this Plan nor any
Option granted  hereunder shall confer upon an Optionee any right to continuance
of  employment  by the  Company or  interferes  in any way with the right of the
Company to terminate the employment of such Optionee.

      (i)   Each stock  option  agreement  shall  specify  whether  the  Options
granted hereunder are Incentive Options,  Nonqualified Options, or a combination
of both.

7.    TEN PERCENT STOCKHOLDERS

      The Committee  shall not grant an Incentive  Option to an  individual  who
owns, at the time such Incentive  Option is granted  (directly or by attribution
pursuant to Section 425(d) of the Code),  shares of capital stock of the Company
possessing  more than 10% of the voting power of all classes of capital stock of
the Company unless,  at the time such Incentive Option is granted,  the price at
which each share of Common  Stock may be  purchased  pursuant  to the  Incentive
Option is at least 110% of the fair market  value of each such share on the Date
of Grant and such Incentive  Option,  by its terms, is not exercisable after the
expiration of five years from the Date of Grant.

8.    ISSUANCE OF SHARES; RESTRICTIONS

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      (a)   Subject to the conditions and restrictions  provided in this Section
8, the  Company  shall,  within 20  business  days after an Option has been duly
exercised in whole or in part,  deliver to the person who  exercised  the Option
one or more certificates,  registered in the name of such person, for the number
of shares of Common Stock with  respect to which the Option has been  exercised.
The Company may legend any stock  certificate  issued  hereunder  to reflect any
restrictions provided for in this Section 8.

      (b)   Unless the shares  subject  to Options  granted  under the Plan have
been  registered  under the Securities Act of 1933, as amended (the "Act") (and,
in the case of any Optionee who may be deemed an  "affiliate"  of the Company as
such term is defined in Rule 405 under the Act, such shares have been registered
under the Act for resale by the Optionee), or the Company has determined that an
exemption from registration under the Act is available,  the Company may require
prior to and as a condition of the issuance of any shares of Common Stock,  that
the person  exercising an Option hereunder (i) sign such agreements with respect
thereto as the Company may  require in any Option  Agreement  by and between the
Company  and  the  Optionee,  and  (ii)  furnish  the  Company  with  a  written
representation  in a form  prescribed  by the  Committee to the effect that such
person is acquiring  such shares solely with a view to investment for his or her
own account and not with a view to the resale or distribution of all or any part
thereof,  and that such person will not dispose of any of such shares  otherwise
than in  accordance  with the  provisions  of Rule 144 under the Act  unless and
until either the  distribution of such shares is registered under the Act or the
Company is satisfied that an exemption from such registration is available.

      (c)   Anything  contained  herein  to the  contrary  notwithstanding,  the
Company  shall  not be  obliged  to sell or issue any  shares  of  Common  Stock
pursuant to the  exercise of an Option  granted  hereunder  unless and until the
Company is satisfied  that such sale or issuance  complies  with all  applicable
provisions of the Act and all other laws or  regulations by which the Company is
bound or to which the Company or such shares are subject.

9.    SUBSTITUTE OPTIONS

      Anything contained herein to the contrary notwithstanding, Options may, at
the  discretion  of the  Board of  Directors,  be  granted  under  this  Plan in
substitution  for  options  to  purchase  shares  of  capital  stock of  another
corporation  which is merged into,  consolidated  with,  or all or a substantial
portion of the  property  or stock of which is  acquired  by,  the  Company or a
subsidiary.  The terms,  provisions and benefits to Optionees of such substitute
options  shall in all respects be as similar as  reasonably  practicable  to the
terms,  provisions  and  benefits  to  Optionees  of the  Options  of the  other
corporation on the date of  substitution,  except that such  substitute  Options
shall provide for the purchase of shares of Common Stock of the Company  instead
of shares of such other corporation.

10.   TERM OF THE PLAN

      Unless the plan has been sooner  terminated  pursuant to Section 11 below,
this Plan shall  terminate on, and no Options shall be granted after,  the tenth
anniversary of the Effective Date.

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The provisions of this Plan,  however,  shall continue  thereafter to govern all
Options theretofore granted,  until the exercise,  expiration or cancellation of
such Options.

11.   AMENDMENT AND TERMINATION OF PLAN

      The Board of  Directors  at any time may  terminate  this Plan or amend it
from time to time in such  respects as it deems  desirable;  PROVIDED,  HOWEVER,
that,  without  the further  approval of the  stockholders  of the  Company,  no
amendment  shall (i) increase the maximum  aggregate  number of shares of Common
Stock with respect to which Options may be granted under this Plan,  (ii) change
the eligibility  provisions of Section 4 hereof, or (iv) create a "modification"
of any Incentive Stock Options  previously  granted or otherwise modify the Plan
with  respect to the  granting of Incentive  Stock  Options,  as those terms are
defined under the Code; and PROVIDED,  FURTHER,  that, subject to the provisions
of Section 6 hereof,  no  termination  of or amendment  hereto  shall  adversely
affect the rights of an Optionee or other person  holding an option  theretofore
granted  hereunder  without the consent of such Optionee or other person, as the
case may be.

                                       60Exhibit 10.1

                          AMERICAN UNITED GLOBAL, INC.

                              Employment Agreement
                                      with
                                Robert M. Rubin

                    AMENDED AND RESTATED EMPLOYMENT AGREEMENT

      AGREEMENT  made  effective  as of the 7th  day of  December  1999,  by and
between  AMERICAN  UNITED  GLOBAL,  INC.,  a Delaware  corporation  (hereinafter
referred to as the "Company") and Robert M. Rubin, an individual with an address
of c/o Gersten,  Savage & Kaplowitz,  LLP, 101 East 52nd Street,  New York,  New
York 10022 (hereinafter referred to as the "Employee").

                               W I T N E SSE T H:

      WHEREAS,  the  Company  desires to retain the  Employee to continue as its
President and Chief Executive Officer; and

      WHEREAS,  the Employee is willing to make himself available for advice and
counsel to the Company in connection  with its management and such other matters
so that the  Company  may have  the  benefit  of the  Employee's  knowledge  and
expertise.

      NOW THEREFORE,  in  consideration  of the mutual covenants of the parties,
which are hereinafter  set forth and for other good and valuable  consideration,
receipt of which is hereby  acknowledged,  the parties  hereto  hereby  agree as
follows:

      1.  ENGAGEMENT.

          (a) The  Company  hereby  retains  the  Employee  in the employ of the
Company  as its  President  and  Chief  Executive  Officer,  upon the  terms and
conditions which are hereinafter set forth.

          (b) The Employee will render  management  services and other advice to
the  Company.  Such  advice may  include,  without  limitation,  the  following:
strategic  planning,  financial  analysis,  the  introduction and arrangement of
financing  and  other  business  transactions,   product  development,  business
modeling and planning,  organizational  development,  human resources allocation
and business development.

          (c) The  Employee  shall make  himself  available  to the  Company for
telephone consultations and for meetings as reasonably requested.

          (d) Except for the requirements which are set forth in Section 1(c) of
this Agreement,  the Employee shall not be required to devote any minimum number
of weeks,  days or hours to the affairs of the  Company  during the term of this
Agreement,  although it is  acknowledged  that the performance of his duties may
require  substantial  effort.   Employee  shall  devote  such  additional  time,
attention  and energies to the business of the  additional  time,  attention and
energies to the business of the Company as he, in the exercise of good faith and
discretion, shall determine to be necessary during the term of this Agreement.

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      2. TERM. The term of this  Agreement  shall commence on the date set forth
above and expire on the fifth  anniversary  thereof,  unless this  Agreement  is
terminated prior thereto pursuant to the terms of this Agreement (the "Term").

      3. COMPENSATION.

          (a) SALARY. During the Term of this Agreement the Company shall pay on
behalf of  Employee  in  consideration  for his  services a minimum  annual base
salary of $225,000,  which shall be determined (if greater) by the  Compensation
Committee of the Board of Directors of the Company and as ratified by the entire
Board.  The salary  shall be  adjusted  for any  increase  in the annual cost of
living as  published  by the Bureau of Labor  Statistics  of the  United  States
Department  of Labor for wage  earners  in the New York City  metropolitan  area
measured over the course of the immediately  preceding  fiscal year. Such salary
shall be paid no less frequently than monthly.

          (b) NET  INCOME  BONUS.  Employee  shall be  eligible  to  receive  as
compensation  under the Agreement  incentive bonuses of ten percent (10%) of the
Company's net income,  including all of its consolidated  subsidiaries,  if any,
for any fiscal year as determined by the Company's  independent  auditors  using
generally accepted  accounting  principles,  consistently  applied,  which bonus
shall not exceed $1,000,000 for any fiscal year.

          (c) Intentionally Omitted.

          (d) REALIZED STOCK SALE BONUS. Employee shall be eligible to receive a
bonus if during the term of this  Agreement  the Company  completes  the sale of
part or all of its holdings of securities issued by eGlobe,  Inc.  ("eGlobe") or
Western Power & Electric Corp.  ("Western") and such sale exceeds $3,000,000 for
either of eGlobe or  Western.  Such bonus  shall  equal ten  percent of the sale
price in excess of the  applicable  basis,  but  shall  not  exceed  $3,000,000.
Employee may therefore  become  entitled to receive  certain bonuses in spite of
the fact that the aggregate  sale price of the Western  Common Stock may be less
than the public price of the outstanding shares of Common Stock.

          (e) INCENTIVE  STOCK OPTIONS.  Employees  shall also receive as of the
date hereof  250,000  incentive  stock  options  under the 1996 Plan to purchase
Common Stock which are exercisable for five years after the date hereof at $0.21
per share.

          (f) EXPENSES.  The Company shall reimburse Employee for all reasonable
expenses  incurred  by  Employee  in the  performance  of his duties  hereunder,
including without limitation, those incurred in connection with business related
travel  or  entertainment,   provided  that  the  Employee  provides  reasonable
documentation  to substantiate  such expenses and such  expenditures  shall have
been authorized in writing by the Company.

          (g) EXCISE TAX.  In the event that any payment or benefit  received or
to be

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received by Employee in connection  with a termination  of his  employment  with
Company  would  constitute  a  "parachute  payment"  within the  meaning of Code
Section  280G or any similar or  successor  provision  to 280G  and/or  would be
subject  to any  excise  tax  imposed  by Code  Section  4999 or any  similar or
successor  provision  then Company shall assume all liability for the payment of
any such tax and Company shall immediately  reimburse Employee on a "grossed-up"
basis for any income  taxes  attributable  to Employee by reason of such Company
payment and reimbursements.

      4.  INTENTIONALLY OMITTED.

      5.  CONFIDENTIAL   INFORMATION;    INTELLECTUAL   PROPERTY   RIGHTS;   NON
          COMPETITION.

          (a) NONDISCLOSURE OF CONFIDENTIAL INFORMATION. During the term of this
Agreement and at all times thereafter,  Employee will keep confidential and will
not directly or  indirectly  divulge to anyone nor use or otherwise  appropriate
for Employee's own benefit, or on behalf of any other person, firm,  partnership
or  corporation  by whom Employee  might  subsequently  be employed or otherwise
associated or affiliated with, any Confidential Information (as defined herein).
For this purpose,  "Confidential Information" means any and all trade secrets or
other confidential information of any kind, nature or description concerning any
matters affecting or relating to the business of the Company or any affiliate of
the Company which derives  economic value,  actual or potential,  from not being
generally  known to the public or the trade or to other  persons  who can obtain
economic value from its disclosure or use and which is subject to efforts by

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<PAGE>

the Company that are reasonable under the circumstances to maintain its secrecy.
Confidential  Information does not include  information  which (a) is or becomes
generally  available  to the  public  or the trade  other  than as a result of a
disclosure  by  Employee  or any of his  agents or  representatives,  or (b) was
within  Employee's  possession  prior to its being  furnished to Employee by the
Company;  provided  that the  source of such  information  in the case of either
clause  (a) or (b)  was  not  bound  by a  confidentiality  agreement  or  other
contractual  obligation of  confidentiality  with respect to such information or
did not otherwise acquire or disclose such information wrongfully.

          (b) COMPANY  INTELLECTUAL  PROPERTY RIGHTS. All intellectual  property
rights,  whether  or not  patentable  or  copyrightable,  which  (i) are made or
developed with the equipment, supplies, facilities, product formulations,  trade
secrets,  time or other  assets of the  Company;  (ii)  relate to the  business,
including anticipated research or development, of the Company that are developed
during  the term of this  Agreement,  or (iii)  result  from work  performed  by
Employee for the Company, are and shall remain the sole property of the Company,
and upon request made by the Company,  Employee shall assign any and all rights,
including  copyrights,  patents  and patent  rights,  trade mark and trade dress
rights, Employee may have therein to Company.

          (c) COMPANY MATERIALS.  All reports and analysis,  designs,  drawings,
contracts, contractual arrangements, specifications, computer software, computer
hardware and other equipment,  computer  printouts,  computer disks,  documents,
memoranda,  notebooks,  correspondence,  files, lists and other records, and the
like, and all photocopies or other reproductions thereof,  affecting or relating
to the  business  of Company  which  Employee  shall  prepare,  use,  construct,
observe, possess or control ("Company Materials"),  shall be and remain the sole
property of Company. Upon termination of this Agreement,  Employee shall deliver
promptly to Company all such Company Materials.

          (d) CERTAIN  RESTRICTIONS ON BUSINESS  ACTIVITIES.  During the term of
this Agreement, Employee agrees that, except with the express written consent of
the Company:

              (i)  SOLICITATION  OF  CUSTOMERS,  ETC.  He will not,  directly or
indirectly,  either for himself or for any other  person,  firm or  corporation,
divert or take away or  attempt  to divert or take away and,  if the  Employee's
termination  of  employment  results  for  Cause  (as  defined  herein)  or  the
Employee's  voluntary  termination of  employment,  for six (6) months after the
term of this Employment  Agreement,  call on or solicit or attempt to call on or
solicit in an attempt to so divert

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<PAGE>

or take away any of  Company's  customers  or  distributors,  including  but not
limited to, those upon whom Employee called or whom Employee solicited.

              (ii)  SOLICITATION  OF EMPLOYEES,  ETC.  He will not,  directly or
indirectly or by action in concert with others,  induce or influence (or seek to
induce  or  influence)  any  person  who  is  engaged  (as an  employee,  agent,
independent  contractor  or  otherwise)  by  Company  to  terminate  his  or her
employment or engagement.

          (e) SEVERABILITY.  Employee agrees, in the event that any provision of
this Section 5 or any word,  phrase,  clause,  sentence or other portion thereof
shall be held to be unenforceable  or invalid for any reason,  such provision or
portion thereof shall be modified or deleted in such a manner so as to make this
Section 5 as modified  legal and  enforceable  to the fullest  extent  permitted
under  applicable  laws.  The  validity  and  enforceability  of  the  remaining
provisions or portions  thereof  shall not be affected  thereby and shall remain
valid and enforceable to the fullest extent  permitted under  applicable laws. A
waiver of any breach of the  provisions of this Section 5 shall not be construed
as a waiver of any subsequent breach of the same or any other provision.

      6.  WAIVERS.  Except  as  otherwise  specifically  provided  for  in  this
Agreement,  no party  shall be deemed to have  waived  any of his or its  rights
hereunder under any other  agreement,  instrument or paper signed by any of them
with respect to the subject  matter  hereof unless such waiver is in writing and
signed  by the party  waiving  said  right.  Except  as  otherwise  specifically
provided for in this Agreement,  no delay or omission by any party in exercising
any right with respect to the subject matter hereof shall operate as a waiver of
such right or of any such other right. A waiver on any one occasion with respect
to the subject  matter  hereof shall not be construed as a bar to, or waiver of,
any right or remedy on any future occasion.

      7.  ELECTION OF  REMEDIES.  All rights and  remedies  with  respect to the
subject  matter  hereof,  whether  evidenced  hereby or by any other  agreement,
instrument,  or paper,  will be cumulative,  and may be exercised  separately or
concurrently.

      8. ENTIRE  AGREEMENT.  This  Agreement  constitutes  the entire  Agreement
between them with respect to the subject matter hereof.  All  understandings and
agreements heretofore had between the parties with respect to the subject matter
hereof are merged in this Agreement and any such  instrument,  which alone fully
and completely expresses their Agreement.

      9.  AMENDMENTS.  This  Agreement may not be changed,  modified,  extended,
terminated or discharged orally, but only by an agreement in writing,  signed by
all of the parties to this Agreement.

      10.  FURTHER  ASSURANCES.  The  parties  agree to execute any and all such
other and further instruments and documents,  and to take any actions reasonably
required to effectuate this Agreement and the intents and purposes hereof.

      11.  ASSIGNMENT.  This  Agreement  shall not be assigned to other parties,
provided,

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<PAGE>

however,  this  Agreement  may be assigned by Company to an entity that acquires
substantially all of the assets of Company.

      12.  APPLICABLE  LAW. This Agreement  shall in all respects be governed by
the internal laws of the State of New York.

      13.  SUCCESSORS.  This  Agreement  shall be binding  upon and inure to the
benefit  of the  parties  hereto  and their  heirs,  executors,  administrators,
personal representatives, successors, and assigns.

      14.  COUNTERPARTS.   This  Agreement  may  be  executed  in  one  or  more
counterparts,  each of which shall be deemed an original, but all of which shall
constitute one and the same agreement.

                         [SIGNATURES ON FOLLOWING PAGE]

                                       66
<PAGE>

      IN WITNESS  WHEREOF,  the  parties to this  Agreement  have  caused  these
presents to be signed by their duly authorized officers as of the day, month and
year first above written.

                           AMERICAN UNITED GLOBAL INC.

                           By:   ---------------------------------
                                           Name:
                                           Title:

                           Employee:

                           --------------------------------
                                   Robert M. Rubin

                                       67
<PAGE>

                                      PROXY

                          AMERICAN UNITED GLOBAL, INC.
                         ANNUAL MEETING OF STOCKHOLDERS

                                OCTOBER 30, 2000

      THIS PROXY IS SOLICITED BY THE BOARD OF DIRECTORS IN  CONNECTION  WITH THE
ANNUAL MEETING OF  STOCKHOLDERS  OF AMERICAN  UNITED GLOBAL,  INC. TO BE HELD ON
OCTOBER 30, 2000. THE SHAREHOLDER HAS THE RIGHT TO APPOINT AS HIS PROXY A PERSON
(WHO NEED NOT BE A  SHAREHOLDER)  OTHER THAN ANY  PERSON  DESIGNATED  BELOW,  BY
INSERTING THE NAME OF SUCH OTHER PERSON IN ANOTHER PROPER FORM OF PROXY.

      The  undersigned,  a  shareholder  of American  United  Global,  Inc. (the
"Corporation"),  hereby  revoking  any proxy  hereinbefore  given,  does  hereby
appoint  Robert M. Rubin and David M.  Barnes,  or either of them,  as his proxy
with  full  power of  substitution,  for and in the name of the  undersigned  to
attend the Annual Meeting of the Stockholders to be held on Monday,  October 30,
2000 at the offices of Gersten,  Savage & Kaplowitz,  LLP, 101 East 52nd Street,
New York, NY 10022, at 10:00 a.m. local time, and at any  adjournments  thereof,
and to vote upon all matters  specified  in the notice of said  meeting,  as set
forth  herein,  and upon such other  business  as may  properly  come before the
meeting,  all shares of stock of said Corporation which the undersigned would be
entitled to vote if personally present at the meeting.

      THIS PROXY WHEN  PROPERLY  EXECUTED  WILL BE VOTED IN THE MANNER  DIRECTED
HEREIN BY THE  UNDERSIGNED  SHAREHOLDER.  IF NO DIRECTION IS GIVEN,  SUCH SHARES
WILL BE  VOTED  FOR ALL  NOMINEES  FOR  DIRECTOR  IDENTIFIED  BELOW  AND FOR ALL
PROPOSALS.

1.    The Election of the following  nominees for director to hold office  until
the next  Annual  Meeting of  Stockholders  or until their  successors  shall be
elected and shall qualify:  Robert M. Rubin, C. Dean McLain,  Howard Katz, David
M. Barnes, Jeffrey Berman, Stephen Byers, Seymour Kessler and Allen Perres.

FOR ALL NOMINEES  /  /
(EXCEPT AS MARKED TO THE CONTRARY)

WITHHOLD ALL NOMINEES      /  /

AUTHORITY  TO WITHHOLD A VOTE FOR ANY OF THE ABOVE NAMED  INDIVIDUALS  SHOULD BE
INDICATED BY CLEARLY  LINING  THROUGH OR OTHERWISE  STRIKING OUT THE NAME OF THE
NOMINEE.

2.    To authorize an amendment to the Company's  Certificate  of  Incorporation
changing the Company's name to "Intertech Capital, Inc."

              / /  FOR            / /  AGAINST            / /  ABSTAIN

3.    To authorize  and approve the Company's  2000  Employee  Stock Option Plan
which  contains  options upon the  exercise of which up to  6,000,000  shares of
Common Stock would be available for issuance.

              / /  FOR            / /  AGAINST            / /  ABSTAIN

                                       68
<PAGE>

4.    To authorize  and ratify the sale of all of the assets of American  United
Products,  Inc.  and  American  United  Seal,  Inc.,  engaged  in the  Company's
Manufacturing Business to subsidiaries of Hutchinson Corporation under the terms
of the Sale  Agreement,  and to ratify of the terms of the Sale  Agreement,  all
exhibits thereto and the transactions contemplated thereby.

              / /  FOR            / /  AGAINST            / /  ABSTAIN

5.    To authorize and ratify the issuance of shares of the Company's Series B-1
Convertible  Preferred  Stock issued in connection  with the  acquisition of Old
Connectsoft, effective as of July 31, 1996.

              / /  FOR            / /  AGAINST            / /  ABSTAIN

6.    To authorize  and ratify the issuance of 400,000  shares of the  Company's
Series B-2  Convertible  Preferred Stock issued in connection with a $10,000,000
Private Placement in January 1997.

              / /  FOR            / /  AGAINST            / /  ABSTAIN

7.    To authorize and ratify the amendment and  restatement  of the  employment
agreement between the Company and Robert M. Rubin, the Company's Chief Executive
Officer.

              / /  FOR            / /  AGAINST            / /  ABSTAIN

8.    To authorize  and ratify  an amendment to  the  Company's  Certificate  of
Incorporation   reducing  the  authorized   capital  stock  from  67,700,000  to
42,700,000  shares and the authorized Common Stock from 65,000,000 to 40,000,000
shares, and removing all classifications of the Common Stock.

              / /  FOR            / /  AGAINST            / /  ABSTAIN

                                       69
<PAGE>

9.    To  authorize  and ratify the  appointment  of  PricewaterhouseCoopers  as
independent  auditors  for the Company for the fiscal years ending July 31, 1999
and July 31, 2000.

              / /  FOR            / /  AGAINST            / /  ABSTAIN

IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS
AS MAY PROPERLY COME BEFORE THE MEETING.

              / /  FOR            / /  AGAINST            / /  ABSTAIN

                         Dated: ______________________, _____[Month, Date, Year]

                                  ---------------------------------------
                                  Signature
                                  Print Name:

                                  ---------------------------------------
                                  Signature, if Jointly Held
                                  Print Name:
                                  PLEASE SIGN EXACTLY AS YOUR NAME APPEARS
                                  HEREIN, if signing as attorney, executor,
                                  administrator, trustee or guardian, indicate
                                  such capacity. All joint tenants must sign. If
                                  a corporation, please sign in full corporate
                                  name by the president or other authorized
                                  officer. If a partnership, please sign in
                                  partnership name by an authorized person.

                                  The Board of Directors requests that you fill
                                  in the date and sign the Proxy and return it
                                  in the enclosed envelope.

                         IF THE PROXY IS NOT DATED ABOVE
                          IT WILL BE DEEMED TO BE DATED
                      ON THE DAY ON WHICH IT WAS MAILED BY
                                  THE COMPANY .

                                       70
<PAGE>

EXHIBITS.

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