STOCK OPTION AGREEMENT
This STOCK OPTION AGREEMENT ("Agreement") is made and entered into as of April 2, 1999 by and
between Track Securities Corp. ("Securities"), as first party and Track Data Corporation ("Data"), as second
A. Securities, a Florida corporation, engages in the business of a broker and dealer in securities and is registered
as such with the Securities and Exchange Commission. Securities is willing to grant the option ("Option")
provided for in this Agreement, on the terms and conditions set forth herein, for the consideration provided for
B. Data owns and operates an internet-based order entry/ communication system which is currently licensed to
Track Data Securities Corp. ("TDS"), a Delaware corporation and wholly owned subsidiary of Securities. TDS
has certain limited rights to re-license said system to Securities. Data desires to acquire the Option, on the terms
and conditions provided for below.
NOW, THEREFORE, in consideration of the mutual promises herein contained, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
1. Adoption of Recitals. The parties hereto adopt the foregoing Recitals as an integral part of this Agreement and
agree and affirm that construction of this Agreement shall be guided thereby.
2. Grant of the Option.
(a) Subject to the terms and conditions hereof, Securities hereby grants to Data an option (exercisable as
described below) to purchase from Securities, one hundred percent (100%) of the shares of TDS now owned or
hereafter acquired by TDC (the "Shares"). The purchase price for the Shares to be purchased by Data upon
exercise of the Option (the "Option Price") shall be ten thousand dollars ($10,000.00).
(b) The Option may be exercised by Data by giving written notice thereof to Securities, stating that the Option is
then being exercised; and tendering full payment therefor in the form of a certified