EXHIBIT 12 VDC COMMUNICATIONS, INC. Securities Purchase Agreement Shares of Common Stock at $2.00 per Share April 26, 2000 CONFIDENTIAL ------------ SECURITIES PURCHASE AGREEMENT THIS SECURITIES PURCHASE AGREEMENT (the "Agreement" or the "Securities...Securities Purchase Agreement • May 1st, 2000 • Moran Frederick A • Telephone communications (no radiotelephone) • Connecticut
a) This Agreement and the options represented hereby may not be assigned or transferred in any manner except by will or by the laws of descent and distribution or pursuant to a domestic relations order. (b) This Agreement will be governed and...Incentive Stock Option Agreement • May 1st, 2000 • Moran Frederick A • Telephone communications (no radiotelephone) • Connecticut
