Document:

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                                                                   Exhibit 10.16

                              EMPLOYMENT AGREEMENT

            EMPLOYMENT AGREEMENT, dated as of June 1, 2000, by and between
LEXENT INC., a Delaware corporation (the "Company"), and CHARLES T. CHRIST
(the "Employee").

                             W I T N E S S E T H:

            WHEREAS the Company desires to induce the Employee to enter into
employment with the Company for the period provided in this Agreement, and the
Employee is willing to accept such employment with the Company on a full-time
basis, all in accordance with the terms and conditions set forth below;

            NOW, THEREFORE, for and in consideration of the premises hereof and
the mutual covenants contained herein, the parties hereto hereby covenant and
agree as follows:

            1. Employment.

            (a) The Company hereby agrees to employ the Employee, and the
      Employee hereby agrees to accept such employment with the Company,
      commencing on June 1, 2000 (the "Commencement Date") and continuing for
      the period set forth in Section 2 hereof, all upon the terms and
      conditions hereinafter set forth.

            (b) The Employee affirms and represents that as of the commencement
      of his employment by the Company, he was under no obligation to any former
      employer or other party which is in any way inconsistent with, or which
      imposes any restriction upon, the Employee's acceptance of employment
      hereunder with the Company, the employment of the Employee by the Company,
      or the Employee's undertakings under this Agreement.

            2. Term of Employment. Unless earlier terminated as provided in this
Agreement, the term of the Employee's employment under this Agreement shall be
for a period beginning on the Commencement Date and ending on May 31, 2004. The
period from the Commencement Date until May 31, 2004, or, in the event that the
Employee's employment hereunder is earlier terminated as provided herein, such
shorter period, is hereinafter called the "Employment Term"(the "Employment
Term").

            3. Duties. The Employee shall be employed as Executive Vice
President Sales & Marketing of the Company, shall faithfully perform and
discharge such duties as inhere in the positions of Executive Vice President of
the Company as may be specified in the By-laws of the Company with respect to
such positions, and shall also perform and discharge such other duties and
responsibilities consistent with such position as the Board of Directors of the
Company (the "Board of Directors") shall from time to time determine. The
Employee shall report to the Chief Executive Officer of the Company. The
Employee shall perform his duties principally at offices
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of the Company in New York City, New York and in an office in San Diego,
California, with such travel to such other locations from time to time as the
Chief Executive Officer may reasonably prescribe. Except as may otherwise be
approved in advance by the Board of Directors, and except during vacation
periods and reasonable periods of absence due to sickness, personal injury or
other disability, the Employee shall devote his full business time throughout
the Employment Term to the services required of him hereunder. The Employee
shall render his business services exclusively to the Company and its
subsidiaries during the Employment Term and shall use his best efforts, judgment
and energy to improve and advance the business and interests of the Company and
its subsidiaries in a manner consistent with the duties of his positions.

            4. Compensation.

            (a) Salary. As compensation for the performance by the Employee of
      the services to be performed by the Employee hereunder during the
      Employment Term, the Company shall pay the Employee a base salary at the
      annual rate of Two Hundred Forty Thousand Dollars ($240,000) (said amount,
      together with any increases thereto as may be determined from time to time
      by the Board of Directors in its sole discretion, being hereinafter
      referred to as "Salary"). Any Salary payable hereunder shall be paid in
      regular intervals in accordance with the Company's payroll practices from
      time to time in effect.

            (b) Bonus. Provided that the Employee is employed by the Company on
      the last day of the fiscal year (or on May 31, 2004 for the calendar year
      2004), the Employee shall be eligible to receive bonus compensation from
      the Company in respect of each fiscal year (or portion thereof) occurring
      during the Employment Term in an amount targeted at 40% of his Salary (pro
      rated only for the calendar year 2004) if the Company achieves the target
      performance objectives established by the Compensation Committee of the
      Board of Directors (the "Compensation Committee") with respect to such
      fiscal year. In accordance with the foregoing conditions, the Employee
      shall also be eligible to receive additional bonus compensation from the
      Company in respect of each fiscal year (or portion thereof) occurring
      during the Employment Term in an amount targeted at 60% of his Salary
      (prorated only for calendar year 2004) for exceptional performance as may
      be determined by the Compensation Committee in its sole discretion.

            5. Other Benefits; Options.

            (a) General. During the Employment Term, the Employee shall:

                  (i) be eligible to participate in employee fringe benefits and
      pension and/or profit sharing plans that may be provided by the Company
      for its senior executive employees in accordance with the provisions of
      such plans, as the same may be in effect from time to time;

                  (ii) be eligible to participate in any medical and health
      plans or other employee welfare benefit plans that may be provided by the
      Company for its senior

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      executive employees in accordance with the provisions of any such plans,
      as the same may be in effect from time to time;

                  (iii) be entitled to the number of paid vacation days in each
      calendar year determined by the Company from time to time for its senior
      executive officers, provided that such number of paid vacation days in
      each calendar year shall not be less than fifteen (15) work days (three
      calendar weeks); the Employee shall also be entitled to all paid holidays
      given by the Company to its senior executive officers;

                  (iv) be entitled to sick leave, sick pay and disability
      benefits in accordance with any Company policy that may be applicable to
      senior executive employees from time to time; and

                  (v) necessary out-of-pocket business expenses incurred by the
      Employee in the performance of his duties hereunder in accordance with the
      Company's normal policies from time to time in effect.

            (b) Grant of Initial Options. In connection with the execution and
      delivery of this Agreement by the Employee, the Company is granting to the
      Employee options ("Initial Options") to purchase 600,000 shares of Company
      Common Stock, $.001 par value ("Common Stock"), at a purchase price of
      $6.00 per share of which options to purchase 25% of such shares of Common
      Stock shall vest immediately and options to purchase the remaining shares
      of Common Stock will vest in thirty-six equal increments over the
      thirty-six month period beginning at the end of the month following the
      first anniversary of the Commencement Date, all as provided in the Stock
      Option Agreements of even date herewith between the Company and the
      Employee.

            (c) Grant of Subsequent Options. In connection with his continued
      employ ment by the Company, on the first anniversary of the Commencement
      Date, and on each of the subsequent anniversaries thereof during the
      Employment Term, the Company agrees to grant the Employee options
      ("Subsequent Options") to purchase 10,000 shares of Common Stock at a
      purchase price equal to the Fair Market Value (as defined in (d) below) of
      the Common Stock on the date of grant, which options shall vest in
      twenty-five percent increments over a four-year period with the first
      twenty-five percent to vest on the first anniversary of the date of grant.
      Each grant of these Subsequent Options shall be pursuant to specific terms
      set forth in a stock option agreement between the Company and the
      Employee.

            (d) Fair Market Value. "Fair Market Value" means as of any date, the
      value of Common Stock determined as follows:

                  (i) If the Common Stock is listed on any established stock
      exchange or a national market system, including without limitation the
      National Market System of the National Association of Securities Dealers,
      Inc. Automated Quotation ("NASDAQ") System, the Fair Market Value of a
      share of Common Stock shall be the closing sales

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      price for such stock (or the closing bid, if no sales were reported) as
      quoted on such system or exchange (or the exchange with the greatest
      volume of trading in Common Stock) on the last market trading day prior to
      the day of grant of the particular Subsequent Options and as reported in
      the Wall Street Journal or such other source as the Compensation Committee
      deems reliable;

                  (ii) If the Common Stock is quoted on the NASDAQ System (but
      not on the National Market System thereof) or is regularly quoted by a
      recognized securities dealer but selling prices are not reported, the Fair
      Market Value of a share of Common Stock shall be the average between the
      high bid and low asked prices for the Common Stock on the last market
      trading day prior to the day of grant of the particular Subsequent Options
      and as reported in the Wall Street Journal or such other source as the
      Compensation Committee deems reliable; or

                  (iii) In the absence of an established market for the Common
      Stock, the Fair Market Value shall be determined in good faith by the
      Compensation Committee.

            6. Confidential Information. The Employee hereby covenants, agrees
and acknowledges as follows:

            (a) The Employee has and will have access to and will participate in
      the development of or be acquainted with confidential or proprietary
      information and trade secrets related to the business of the Company and
      any present or future subsidiaries or affiliates of the Company
      (collectively with the Company, the "Companies"), including but not
      limited to (i) customer lists; related records and compilations of
      information; the identity, lists or descriptions of any new customers,
      referral sources or organizations; financial statements; cost reports or
      other financial information; contract proposals or bidding information;
      business plans; training and operations methods and manuals; personnel
      records; software programs; reports and correspondence; and management
      systems, policies or procedures, including related forms and manuals; (ii)
      information pertaining to future developments such as future marketing or
      acquisition plans or ideas, and potential new business locations and (iii)
      all other tangible and intangible property, which are used in the business
      and operations of the Companies but not made public. The information and
      trade secrets relating to the business of the Companies described
      hereinabove in this paragraph (a) are hereinafter referred to collectively
      as the "Confidential Information", provided that the term Confidential
      Information shall not include any information (A) that is or becomes
      generally publicly available (other than as a result of violation of this
      Agreement by the Employee), (B) that the Employee receives on a
      nonconfidential basis from a source (other than the Companies or their
      representatives) that is not known by him to be bound by an obligation of
      secrecy or confidentiality to any of the Companies or (C) that was in the
      possession of the Employee prior to disclosure by the Companies.

            (b) The Employee shall not disclose, use or make known for his or
      another's benefit any Confidential Information or use such Confidential
      Information in any way

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      except as is in the best interests of the Companies in the performance of
      the Employee's duties under this Agreement. The Employee may disclose
      Confidential Information when required by a third party and applicable law
      or judicial process, but only after providing immediate notice to the
      Company of any third party's request for such information, which notice
      shall include the Employee's intent to disclose any Confidential
      Information with respect to such request.

            (c) The Employee acknowledges and agrees that a remedy at law for
      any breach or threatened breach of the provisions of this Section 6 would
      be inadequate and, therefore, agrees that the Companies shall be entitled
      to seek injunctive relief in addition to any other available rights and
      remedies in case of any such breach or threatened breach by the Employee;
      provided, however, that nothing contained herein shall be construed as
      prohibiting the Companies from pursuing any other rights and remedies
      available for any such breach or threatened breach.

            (d) The Employee agrees that upon termination of his employment with
      the Company for any reason, the Employee shall forthwith return to the
      Company all Confidential Information in whatever form maintained
      (including, without limitation, computer discs and other electronic
      media).

            (e) The obligations of the Employee under this Section 6 shall,
      except as otherwise provided herein, survive the termination of the
      Employment Term and the expiration or termination of this Agreement.

            (f) Without limiting the generality of Section 12 hereof, the
      Employee hereby expressly agrees that the foregoing provisions of this
      Section 6 shall be binding upon the Employee's heirs, successors and legal
      representatives.

            7. Termination of Employment.

            (a) The Employee's employment hereunder shall be terminated upon the
      occurrence of any of the following:

                  (i) death of the Employee;

                  (ii) the Employee's inability to perform his duties on account
      of disability or incapacity for a period of one hundred eighty (180) or
      more days, whether or not consecutive, within any period of twelve (12)
      consecutive months;

                  (iii) the Company giving written notice, at any time, to the
      Employee that the Employee's employment is being terminated for "Cause"
      (as defined in (b) below);

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                  (iv) the Company giving written notice, at any time, to the
      Employee that the Employee's employment is being terminated or is not
      being renewed, other than pursuant to clause (i), (ii) or (iii) above
      ("Without Cause");

                  (v) the Employee terminates his employment hereunder because
      the Company, solely due to an Executive Management Stockholder Block (as
      defined in (c) below), fails to consummate an initial public offering of
      its Common Stock within one (1) year of the Commencement Date; or

                  (vi) the Employee terminates his employment hereunder for any
      reason whatsoever (whether by reason of retirement, resignation or
      otherwise), other than in accordance with (v) above ("Without Good
      Reason").

            (b) Cause. The following actions, failures and events by or
      affecting the Employee shall constitute "Cause" for termination within the
      meaning of clause (iii) of Section 7 (a) above:

                  (i) an indictment for or conviction of the Employee of, or the
      entering of a plea of nolo contendere by the Employee with respect to,
      having committed a felony;

                  (ii) abuse of controlled substances or alcohol or acts of
      dishonesty or moral turpitude by the Employee that are detrimental to one
      or more of the Companies;

                  (iii) acts or omissions by the Employee that the Employee knew
      were likely to damage the business of one or more of the Companies;

                  (iv) negligence by the Employee in the performance of, or
      disregard by the Employee of, his material obligations under this
      Agreement or otherwise relating to his employment, which negligence or
      disregard continue unremedied for a period of fifteen (15) days after
      written notice thereof to the Employee; or

                  (v) failure by the Employee to obey the reasonable and lawful
      orders and policies of the Board of Directors that are consistent with the
      provisions of this Agreement.

            (c) Executive Management Stockholder Block. For purposes of this
      Agreement, an "Executive Management Stockholder Block" means the decision
      by the Company's Executive Management Stockholders (as that term is
      defined in the Stockholders Agreement, dated as of July 23, 1998, among
      the Company and the stockholders party thereto, as the same may be amended
      or modified from time to time) to not consent to an initial public
      offering by the Company of its Common Stock; provided, however, that an
      Executive Management Stockholder Block shall not be deemed to have
      occurred if a decision or action by the Board of Directors or the holders
      of the Company's Series A Convertible Preferred Stock, $.001 par value,
      prevents the consummation of such an initial public offering.

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            8. Payments Upon Termination.

            (a) Termination Without Cause. In the event that the Employee's
      employment is terminated by the Company Without Cause during the period
      between the Commencement Date and the date six months following the
      Commencement Date (the "Initial Period") and provided that the Employee is
      acting in accordance with his obligations pursuant to Section 10, then the
      Company shall pay to the Employee, as severance pay or liquidated damages
      or both, monthly payments at the rate per annum of his Salary at the time
      of such termination for a period of:

                  (i) eighteen (18) months after such termination if such
      termination occurs in the first month of the Initial Period;

                  (ii) seventeen (17) months after such termination if such
      termination occurs in the second month of the Initial Period;

                  (iii) sixteen (16) months after such termination if such
      termination occurs in the third month of the Initial Period;

                  (iv) fifteen (15) months after such termination if such
      termination occurs in the fourth month of the Initial Period;

                  (v) fourteen (14) months after such termination if such
      termination occurs in the fifth month of the Initial Period;

                  (vi) thirteen (13) months after such termination if such
      termination occurs in the sixth month of the Initial Period; and

                  (vii) twelve (12) months after such termination if such
      termination occurs after the end of the Initial Period.

            (b) Termination by the Employee due to an Executive Management Stock
      holder Block. In the event that the Employee's employment is terminated by
      the Employee pursuant to clause (v) of Section 7(a) above during the
      ninety (90) day period following the date of such Executive Management
      Stockholder Block, then the Company shall pay to the Employee, as
      severance pay or liquidated damages or both, monthly payments at the rate
      per annum of his Salary at the time of such termination for a period of
      twenty-four (24) months after such termination.

            (c) Payments Limited. Notwithstanding anything to the contrary
      expressed or implied herein, except as required by applicable law and
      except as set forth in Sections 8(a) and (b) above, neither the Company
      nor any of its affiliates shall be obligated to make any payments to the
      Employee or on his behalf of whatever kind or nature by reason of the
      Employee's cessation of employment (including, without limitation, by

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      reason of termination of the Employee's employment by the Company's for
      Cause, Without Cause or otherwise), other than (i) such amounts, if any,
      of his Salary as shall have accrued and remained unpaid as of the date of
      said cessation and (ii) such other amounts, if any, which may be then
      otherwise payable to the Employee pursuant to the terms of the Company's
      benefits plans or pursuant to clause (v) of Section 5(a) above.

            (d) Interest. No interest shall accrue on or be paid with respect to
      any portion of any payments under this Section 8.

            9. Non-Assignability.

            (a) Neither this Agreement nor any right or interest hereunder shall
      be assignable by the Employee or his beneficiaries or legal
      representatives without the Company's prior written consent; provided,
      however, that nothing in this Section 9(a) shall preclude the Employee
      from designating a beneficiary to receive any benefit payable hereunder
      upon his death or incapacity. This Agreement may not be assigned by the
      Company except with the Employee's prior written consent, provided,
      however, that the Company may assign this Agreement to an affiliate of the
      Company with the financial resources to fulfill the Company's obligations
      hereunder.

            (b) Except as required by law, no right to receive payments under
      this Agreement shall be subject to anticipation, commutation, alienation,
      sale, assignment, encumbrance, charge, pledge, or hypothecation or to
      exclusion, attachment, levy or similar process or to assignment by
      operation of law, and any attempt, voluntary or involuntary, to effect any
      such action shall be null, void and of no effect.

            10. Restrictive Covenants.

            (a) Competition. During the Employment Term and, in the event the
      Employee's employment is terminated, during the period (the "Applicable
      Continuation Period") following such termination and continuing until (i)
      the last payment is made to the Employee pursuant to Section 8(a) or (b)
      hereof, as the case may be, or (ii) in the case of a termination of the
      Employee's employment pursuant to Section 7(a)(iii) or (vi) hereof, the
      first anniversary of the date of such termination, the Employee will not
      directly or indirectly (as a director, officer, executive employee,
      manager, consultant, independent contractor, advisor or otherwise) engage
      in competition with, or own any interest in, perform any services for,
      participate in or be connected with any business or organization which
      engages in competition with any of the Companies within the meaning of
      Section 10(d), provided, however, that the provisions of this Section
      10(a) shall not be deemed to prohibit the Employee's ownership of not more
      than two percent (2%) of the total shares of all classes of stock
      outstanding of any publicly held company, or ownership, whether through
      direct or indirect stock holdings or otherwise, of not more than one
      percent (1%) of any other business.

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            (b) Non-Solicitation. During the Employment Term and during the
      Applicable Continuation Period, the Employee will not directly or
      indirectly induce or attempt to induce any employee of any of the
      Companies to leave the employ of the Company or such subsidiary or
      affiliate, or in any way interfere with the relationship between any of
      the Companies and any employee thereof.

            (c) Non-Interference. During the Employment Term and during the
      Applicable Continuation Period, the Employee will not directly or
      indirectly hire, engage, send any work to, place orders with, or in any
      manner be associated with any supplier, contractor, subcontractor or other
      business relation of any of the Companies if such action by him would have
      an adverse effect on the business, assets or financial condition of any of
      the Companies, or materially interfere with the relationship between any
      such person or entity and any of the Companies.

            (d) Certain Definitions.

                  (i) For purposes of this Section 10, a person or entity
      (including, without limitation, the Employee) shall be deemed to be a
      competitor of one or more of the Companies, or a person or entity
      (including, without limitation, the Employee) shall be deemed to be
      engaging in competition with one or more of the Companies, if such person
      or entity conducts, or, to the knowledge of the Employee, plans to
      conduct, the Specified Business (as hereinafter defined) as a significant
      portion of its business in any of the markets served by the Companies or,
      in the case of a person or entity pursuing a business strategy of
      providing telecommunications infrastructure services anywhere in the
      continental United States.

                  (ii) For purposes of this Agreement, "Specified Business"
      means (A) providing outsourced telecommunications infrastructure services
      to local or long distance telecommunications providers or engaging in any
      business conducted by the Company at the time of termination of the
      Employee's employment with the Company or (B) conducting, operating,
      carrying out or engaging in the business of managing any entity described
      in clause (A).

            (e) Certain Representations of the Employee. In connection with the
      foregoing provisions of this Section 10, the Employee represents that his
      experience, capabilities and circumstances are such that such provisions
      will not prevent him from earning a livelihood. The Employee further
      agrees that the limitations set forth in this Section 10 (including,
      without limitation, time and territorial limitations) are reasonable and
      properly required for the adequate protection of the current and future
      businesses of the Companies. It is understood and agreed that the
      covenants made by the Employee in this Section 10 (and in Section 6
      hereof) shall survive the expiration or termination of this Agreement.

            (f) Injunctive Relief. The Employee acknowledges and agrees that a
      remedy at law for any breach or threatened breach of the provisions of
      Section 10 hereof would

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      be inadequate and, therefore, agrees that the Company and any of its
      subsidiaries or affiliates shall be entitled to seek injunctive relief in
      addition to any other available rights and remedies in cases of any such
      breach or threatened breach; provided, however, that nothing contained
      herein shall be construed as prohibiting the Company or any of its
      affiliates from pursuing any other rights and remedies available for any
      such breach or threatened breach.

            11. Representations and Warranties. The Employee represents and
warrants that he is not subject to or a party to any agreement, contract,
covenants, order or other restriction which in any way prohibits, restricts or
impairs the Employee's ability to enter into this Agreement and carry out his
duties and obligations hereunder. Each party hereto represents and warrants to
the other that (i) each has the full legal right and power and all authority and
approvals required to enter into, execute and deliver this Agreement and to
perform fully all of his or its obligations hereunder; and (ii) this Agreement
has been duly executed and delivered and constitutes a valid and binding
obligation of each party, enforceable in accordance with its terms.

            12. Binding Effect. Without limiting or diminishing the effect of
Section 9 hereof, this Agreement shall inure to the benefit of and be binding
upon the parties hereto and their respective heirs, successors, legal
representatives and assigns.

            13. Notices. All notices which are required or may be given pursuant
to the terms of this Agreement shall be in writing and shall be sufficient in
all respects if given in writing and (i) delivered personally, (ii) mailed by
certified or registered mail, return receipt requested and postage prepaid,
(iii) sent via a nationally recognized overnight courier or (iv) sent via
facsimile confirmed in writing to the recipient, if to the Company at the
Company's principal place of business, and if to the Employee, at his home
address most recently filed with the Company, or to such other address or
addresses as either party shall have designated in writing to the other party
hereto, provided, however, that any notice sent by certified or registered mail
shall be deemed delivered on the date of delivery as evidenced by the return
receipt.

            14. Law Governing. This Agreement shall be governed by and construed
in accordance with the laws of the State of New York.

            15. Severability. The Employee agrees that in the event that any
court of competent jurisdiction shall finally hold that any provision of Section
6 or 10 hereof is void or constitutes an unreasonable restriction against the
Employee, the provisions of such Section 6 or 10 shall not be rendered void but
shall apply with respect to such extent as such court may judicially determine
constitutes a reasonable restriction under the circumstances. If any part of
this Agreement other than Section 6 or 10 is held by a court of competent
jurisdiction to be invalid, illegible or incapable of being enforced in whole or
in part by reason of any rule of law or public policy, such part shall be deemed
to be severed from the remainder of this Agreement for the purpose only of the
particular legal proceedings in question and all other covenants and provisions
of this Agreement shall in every other respect continue in full force and effect
and no covenant or provision shall be deemed dependent upon any other covenant
or provision.

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            16. Waiver. Failure to insist upon strict compliance with any of the
terms, covenants or conditions hereof shall not be deemed a waiver of such term,
covenant or condition, nor shall any waiver or relinquishment of any right or
power hereunder at any one or more times be deemed a waiver or relinquishment of
such right or power at any other time or times.

            17. Entire Agreement; Modifications. This Agreement constitutes the
entire and final expression of the agreement of the parties with respect to the
subject matter hereof and supersedes all prior agreements, oral and written,
between the parties hereto with respect to the subject matter hereof. This
Agreement may be modified or amended only by an instrument in writing signed by
both parties hereto.

            18. Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

            IN WITNESS WHEREOF, the Company and the Employee have duly executed
and delivered this Agreement as of the day and year first above written.

                               LEXENT INC.

                               By: /s/ALF T. HANSEN
                                   ----------------------------
                                   Name: Alf T. Hansen
                                   Title: President and Chief Executive Officer

                               /s/ CHARLES T. CHRIST
                                   ----------------------------
                                     Charles T. Christ

                                       11<PAGE>   1

                                                                     EXHIBIT 10A

                              REALLEGACY.COM, INC.
                       2000 KEY EMPLOYEE STOCK AWARD PLAN

                      Non-Qualified Stock Option Agreement

<TABLE>

<S><C>
=====================================================================================================
Name of Employee:
-----------------------------------------------------------------------------------------------------
No. of Shares Covered:                                          Date of Grant:          , 2000
-----------------------------------------------------------------------------------------------------
Exercise Price Per Share: $2.00                                 Expiration Date:            , 200
-----------------------------------------------------------------------------------------------------
Exercise Schedule (Cumulative):
                                                                     No. of Shares
       Date of                                                      As to Which Option
   Exercisability*                                                   Becomes Exercisable
   ---------------                                                  -------------------
              , 2001
--------------
              , 2002
--------------
              , 2003
--------------
              , 2004
--------------

*  See Section 4 below regarding restrictions on Date of Exercisability
=====================================================================================================
</TABLE>

                  This is a NON-QUALIFIED STOCK OPTION AGREEMENT between
RealLegacy.com, Inc., a Minnesota corporation ("RealLegacy.com"), and the
employee of RealLegacy.com or an Affiliate of RealLegacy.com listed above (the
"Employee").

                  WHEREAS, RealLegacy.com desires to carry out the purposes of
its 2000 Key Employee Stock Award Plan (the "Plan") by affording Employee an
opportunity to purchase shares of Common Stock of RealLegacy.com, par value $.01
per share (the "Common Shares"), in accordance with the terms set forth in this
Agreement.

                  NOW, THEREFORE, RealLegacy.com and Employee agree as follows:

                  1. GRANT OF OPTION. Subject to the terms of the Plan and this
Agreement, RealLegacy.com hereby grants to Employee the right and option (the
"Option") to purchase the number of Common Shares specified at the beginning of
this Agreement. The Option is not intended to be an "incentive stock option"
within the meaning of Section 422 of the Internal Revenue Code of 1986, as
amended (the "Code"), but instead is intended to be a non-qualified stock
option.

                  2. PURCHASE PRICE. The purchase price of each of the Common
Shares subject to the Option shall be the Exercise Price Per Share specified at
the beginning of this Agreement, which equals 100% of the Fair Market Value (as
defined in the Plan) per Common Share on the Date of Grant.

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                  3. OPTION EXERCISE PERIOD. (a) Subject to the provisions of
Sections 6(a), 6(b), and 7, the Option shall become exercisable as to the number
of shares and on the dates specified in the exercise schedule at the beginning
of this Agreement, as limited in Section 4. The exercise schedule shall be
cumulative, which means that to the extent the Option has not already been
exercised and has not expired, terminated, or been canceled, Employee may at any
time and from time to time purchase all or any portion of the Common Shares then
purchasable under the exercise schedule.

                  (b) The Option and all rights to purchase shares thereunder
shall cease on the earliest of: (i) The Expiration Date specified at the
beginning of this Agreement (which date is not more than 10 years after the date
of this Agreement); or (ii) The expiration of the period after Employee's
termination of employment within which the Option is exercisable as specified in
Section 6(a) or 6(b), whichever is applicable.

                  (c) Notwithstanding any other provision of this Agreement, no
one may exercise the Option, in whole or in part, after its Expiration Date.

                  4. RESTRICTIONS ON DATE OF EXERCISABILITY. Anything to the
contrary notwithstanding, if a Spin-off (as defined in the Plan) ("Spin-off")
has not occurred by a Date of Exercisability set forth on the first page of this
Agreement, then the Date of Exercisability with respect to the number of Shares
associated with that Date of Exercisability as set forth on the first page of
this Agreement shall be deferred until the earlier of (i) the date a Spin-off
has occurred or (ii) the sixth anniversary of the Date of Grant.

         5. MANNER OF EXERCISING OPTION. (a) Subject to the terms and conditions
of this Agreement, the Option may be exercised by delivering or mailing written
notice of exercise to RealLegacy.com at its principal executive office, marked
for the attention of the Human Resources Department. The notice shall state the
election to exercise the Option, the number of Common Shares for which it is
being exercised, and be signed by the person exercising the Option. If the
person exercising the Option is not Employee, he or she shall enclose with the
notice appropriate proof of his or her right to exercise the Option. The date of
exercise of the Option shall be the date that the written notice of exercise
with appropriate payment under the following subsection (b) is actually received
by the Human Resources Department of RealLegacy.com.

                  (b) Notice of exercise of the Option shall be accompanied by
either: (i) payment (by certified or cashier's check payable to the order of
RealLegacy.com) of the purchase price of the Common Shares being purchased; or
(ii) if so permitted by the Committee, certificates for unencumbered Common
Shares having an aggregate Fair Market Value (as defined in the Plan) on the
date of exercise equal to the purchase price of the Common Shares to be
purchased; or (iii) if so permitted by the Committee, a combination of cash and
such unencumbered Common Shares. The purchaser shall endorse all certificates
delivered to RealLegacy.com under the foregoing subsections (b)(ii) or (iii) in
blank and represent and warrant in writing that he or she is the owner of the
shares so delivered free and clear of all liens, security interests, and other
restrictions or encumbrances.

                  (c) As soon as practicable after receipt of the purchase price
provided for above (and any payment required under Section 12), RealLegacy.com
shall deliver to the person exercising the Option, in the name of Employee (or
his or her estate or heirs, as the case may be) a certificate or certificates
representing the Common Shares being purchased. RealLegacy.com shall pay all
original issue or transfer taxes, if any, with respect to the issue of the
Common Shares to the person exercising the Option and all fees and expenses
necessarily incurred by RealLegacy.com in connection with the exercise of the
Option. All Common Shares issued upon exercise of the Option shall be fully paid
and nonassessable. Notwithstanding anything in this Agreement to the contrary,
RealLegacy.com shall not be required, upon exercise of the Option or any part
thereof, to issue or deliver any Common Shares unless such issuance has been
registered under federal and applicable state securities laws or an

                                       21

<PAGE>   3

exemption therefrom is available.

         6. EXERCISABILITY OF OPTION AFTER TERMINATION OF EMPLOYMENT. (a) During
the lifetime of Employee, the Option may be exercised only while Employee is an
employee of RealLegacy.com or an Affiliate and only if Employee has been
continuously so employed since the date of this Agreement, except that:

                  (i) If Employee has been continuously employed by
         RealLegacy.com (or an Affiliate or any person that was an Affiliate
         during the twelve months prior to the Spin-off) for at least 12 full
         calendar months following the date of this Agreement, Employee may
         exercise the Option within 90 days after termination of Employee's
         employment, but only to the extent that the Option was exercisable
         immediately prior to Employee's termination of employment; and

                  (ii) If Employee is disabled (within the meaning of Section
         22(e)(3) of the Code) while employed, Employee (or his or her legal
         representative) may exercise the Option within one year after the
         termination of Employee's employment.

                  (b) In the event of Employee's death while employed by
RealLegacy.com or an Affiliate, or within 90 days after his or her termination
of employment, the person designated by Employee as his or her beneficiary under
this Agreement on a form prescribed by and filed with the Committee, the legal
representative of Employee's estate, or the person who acquired the right to
exercise the Option by bequest or inheritance may exercise the Option within one
year after the death of Employee.

                  (c) Neither the transfer of Employee between RealLegacy.com
and any Affiliate nor a leave of absence granted to Employee and approved by the
Committee shall be deemed a termination of employment. Provided, however, that a
termination of employment with respect to RealLegacy.com shall be deemed to have
occurred as of the date that an Affiliate of RealLegacy.com that is the employer
of Employee ceases to be an Affiliate of RealLegacy.com. By way of example, but
not by way of limitation, the Spin-off shall be an event that terminates the
Affiliate status of RealLegacy.com and Computer Network Technology Corporation
(CNT) and Employee shall be deemed to have terminated employment with
RealLegacy.com and all of its Affiliates as of the date of the Spin-off if
Employee is employed by CNT as of such date.

         7. ACCELERATION OF OPTION ON DISABILITY OR DEATH. If Section 6(a)(ii)
or 6(b) of this Agreement is applicable, the Option, whether or not previously
exercisable, shall become immediately exercisable in full, but only if a
Spin-off has occurred on or before the date of the disability or death.

         8. LIMITATION ON TRANSFER. During the lifetime of Employee, only
Employee or his or her guardian or legal representative may exercise the Option.
Employee may not assign or transfer the Option otherwise than by will, the laws
of descent and distribution, or under Section 17 of the Plan, and the Option
shall not be subject to pledge, attachment, or similar process. Any attempt to
assign, transfer, pledge, or otherwise dispose of the Option contrary to the
provisions of this Agreement, and the levy of any attachment or similar process
upon the Option, shall be null and void.

         9. NO SHAREHOLDER RIGHTS BEFORE EXERCISE. Employee shall have none of
the rights of a shareholder of RealLegacy.com with respect to any share subject
to the Option until the share is actually issued to him or her upon exercise of
the Option.

         10. OTHER BENEFIT AND COMPENSATION PROGRAMS. Payments and other
benefits received by Employee under this Agreement shall not be deemed a part of
Employee's regular, recurring compensation for purposes of the termination,
indemnity, or severance pay law of any

                                       22

<PAGE>   4

country and shall not be included in, nor have any effect on, the determination
of benefits under any other employee benefit plan, contract, or similar
arrangement provided by RealLegacy.com (or an Affiliate of RealLegacy.com)
unless expressly so provided by such other plan, contract, or arrangement, or
unless the Committee determines that the Option, or a portion thereof, should be
included to accurately recognize that the Option has been made in lieu of a
portion of competitive cash compensation, if such is the case.

         11. CHANGES IN CAPITALIZATION; FUNDAMENTAL CHANGE. (a) The Committee
may in its sole discretion make appropriate adjustments in the number and types
of shares subject to the Option and in the Purchase Price Per Share to give
effect to any adjustments made in the number or types of shares of
RealLegacy.com through a dissolution or liquidation of RealLegacy.com, a sale of
substantially all of the assets of RealLegacy.com, a merger or consolidation of
RealLegacy.com with or into any other corporation (regardless of whether
RealLegacy.com is the surviving corporation), a statutory share exchange
involving capital stock of RealLegacy.com (each of the foregoing, a "Fundamental
Change"), a recapitalization, a reclassification, a stock dividend, a stock
split, a stock combination, or other relevant change.

         (b) In the event of a proposed Fundamental Change which occurs after
the date a Spin-off has occurred: (i) involving a merger, consolidation, or
statutory share exchange, unless appropriate provision is made for the
protection of the Option by the substitution of options and appropriate voting
common stock of the corporation surviving any such merger or consolidation or,
if appropriate, the parent corporation of RealLegacy.com or such surviving
corporation, to be issuable upon the exercise of options in lieu of the Option
and Common Shares, or (ii) involving the dissolution or liquidation of
RealLegacy.com, the Committee shall provide written notice to Employee at least
20 days prior to the occurrence of the Fundamental Change that the Option,
whether or not then exercisable, shall be canceled at the time of, or
immediately prior to the occurrence of, the Fundamental Change in exchange for
payment to Employee (or the person then entitled to exercise the Option), within
10 days after the Fundamental Change, of cash equal to the amount, if any, for
each Common Share covered by the canceled Option, by which the Fair Market
Value, as defined in this Section 11(b), per Common Share exceeds the exercise
price per Common Share of the Option. At the time of the notice provided for in
the preceding sentence, the Option shall immediately become exercisable in full
and Employee (or the person then entitled to exercise the Option) shall have the
right, during the period preceding the time of cancellation of the Option, to
exercise the Option as to all or any part of the Common Shares covered by the
Option. In the event of a declaration under this Section 11(b), if the Option
shall not have been exercised prior to the Fundamental Change, it shall be
canceled at the time of, or immediately prior to, the Fundamental Change, as
provided in the notice. Notwithstanding the foregoing, Employee shall not be
entitled to the payment provided for in this Section 11(b) if the Option shall
have expired. For purposes of this Section 11(b) only, "Fair Market Value" per
Common Share means the cash plus the fair market value, as determined in good
faith by the Committee, of the non-cash consideration to be received per Common
Share by the shareholders of RealLegacy.com upon the occurrence of the
Fundamental Change, notwithstanding anything to the contrary in the Plan or this
Agreement.

         12. TAX WITHHOLDING. RealLegacy.com or an Affiliate may be obligated to
withhold federal and state income taxes and social security or other taxes upon
Employee's exercise of the Option. If RealLegacy.com or an Affiliate is required
to withhold such taxes, Employee will promptly pay in cash upon demand to
RealLegacy.com, or the Affiliate having such obligation, such amounts as shall
be necessary to satisfy such obligation, provided, however, that in lieu of all
or any part of such a cash payment, the Committee may, but shall not be required
to, permit Employee to elect to cover all or any part of the required
withholdings, and to cover any additional withholdings up to the amount needed
to cover Employee's full FICA and federal, state, and local income tax with
respect to income arising from the exercise of the Option, through a reduction
of the number of Common Shares delivered upon exercise or through a subsequent
return to RealLegacy.com of shares delivered upon

                                       23

<PAGE>   5

exercise, in each case valued in the same manner as used in computing the
withholding taxes under the applicable laws. Further, such elections may be
subject to the limitations of the Exchange Act, as specified in Section 11 of
the Plan.

         13. INTERPRETATION OF THIS AGREEMENT. All decisions and interpretations
made by the Committee with regard to any question arising under this Agreement
or the Plan shall be binding and conclusive upon RealLegacy.com and Employee. In
the event that there is any inconsistency between the provisions of this
Agreement and the Plan, the provisions of the Plan shall govern.

         14. NO RIGHT TO EMPLOYMENT. This Agreement shall not give Employee a
right to continued employment with RealLegacy.com or any Affiliate, and
RealLegacy.com or any Affiliate employing Employee may terminate his or her
employment and otherwise deal with Employee without regard to the effect it may
have upon him or her under this Agreement.

         15. GENERAL. RealLegacy.com shall at all times during the term of this
Option reserve and keep available such number of Common Shares as will be
sufficient to satisfy the requirements of this Option Agreement. A copy of the
Plan is available to Employee from RealLegacy.com upon request. Unless the
context otherwise dictates, capitalized terms that are not defined in this
Agreement have the meaning set forth in the Plan from time to time. This
Agreement shall be binding in all respects on the Employee's heirs,
representatives, successors and assigns. This Agreement is entered into under
the laws of the State of Minnesota and shall be construed and interpreted
thereunder.

         16. RIGHT OF FIRST REFUSAL. Employee acknowledges that any Shares
issued pursuant to an Option under this Agreement may be subject to a right of
first refusal on the part of RealLegacy.com to repurchase such shares in certain
instances as set forth in the Plan.

         17. CNT OPTIONS. The Options under this Agreement are made available to
Employee only if Employee executes the Agreement Regarding CNT Options attached
to this Agreement, which Agreement affects the exercisability of options the
Employee may have in CNT shares.

         IN WITNESS WHEREOF, Employee and RealLegacy.com have executed this
Agreement and it is effective as of the date of the grant of the Option.

                                       ------------------------------
                                       Employee

                                       REALLEGACY.COM, INC.

                                       By:
                                          ------------------------------
                                       Its:
                                           -----------------------------

                                       24

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