EXHIBIT 10.16

                             theglobe.com, inc.
                     1999 Employee Stock Purchase Plan


                                 ARTICLE I
                                INTRODUCTION

     1.01 Purpose. theglobe.com, inc. 1999 Employee Stock Purchase Plan
(the "Plan") is intended to provide a method whereby employees of
theglobe.com, inc. (the "Company") and its Eligible Subsidiary Corporations
(as defined below) will have an opportunity to acquire a proprietary
interest in the Company through the purchase of shares of the Common Stock
(as defined below).

     1.02 Rules of Interpretation. It is the intention of the Company to
have the Plan qualify as an "employee stock purchase plan" under ss. 423 of
the Internal Revenue Code of 1986, as amended (the "Code"). The provisions
of the Plan shall be construed so as to extend and limit participation in a
manner consistent with the requirements of that section of the Code.


                                 ARTICLE II
                                DEFINITIONS

     2.01 "Code" shall have the meaning set forth in Section 1.02.

     2.02 "Company" shall have the meaning set forth in Section 1.01.

     2.03 "Compensation" shall mean the gross cash compensation (including
wage, salary and overtime earnings) paid by the Company or any Eligible
Subsidiary Corporation to a participant in accordance with the terms of
employment, but excluding all bonus payments, expense allowances and
compensation paid in a form other than cash.

     2.04 "Committee" shall have the meaning set forth in Section 11.01.

     2.05 "Common Stock" shall mean the common stock, par value $.001, of
the Company.

     2.06 "Eligible Subsidiary Corporation" shall mean each Subsidiary
Corporation the employees of which are entitled to participate in the Plan,
as listed or referred to on Schedule 2.04 hereto.

     2.07 "Employee" shall have the meaning set forth in Section 3.01.

     2.08 "Offering Commencement Date" shall have the meaning set forth in
Section 4.02.

     2.09 "Offering Price" shall have the meaning set forth in Section
6.02.

     2.10 "Offering Termination Date" shall have the meaning set forth in
Section 4.02.

     2.11 "Offerings" shall have the meaning set forth in Section 4.02.

     2.12 "Plan" shall have the meaning set forth in Section 1.01.

     2.13 "Plan Representative" shall mean the person designated from time
to time by the Committee to receive certain notices and take certain other
administrative actions relating to participation in the Plan.

     2.10 "Subsidiary Corporation" shall mean any present or future
corporation which (i) is or becomes a "subsidiary corporation" (as that
term is defined in ss. 424 of the Code) of the Company, and (ii) is
designated as a participating employer in the Plan by the Committee.


                                ARTICLE III
                       ELIGIBILITY AND PARTICIPATION

     3.01 Initial Eligibility. Each employee who shall have completed six
consecutive months of full-time employment with the Company and/or any
Eligible Subsidiary Corporation shall be eligible to participate in
Offerings which commence after such six-month period has concluded,
provided he or she is employed on a full-time basis by the Company or an
Eligible Subsidiary Corporation as of the relevant Offering Commencement
Date (any such eligible employee, an "Employee"). Persons who are not
Employees shall not be eligible to participate in the Plan.

     3.02 Restrictions on Participation. Notwithstanding any provision of
the Plan to the contrary, no Employee shall be granted an option to
purchase shares of Common Stock under the Plan:

          (a) if, immediately after the grant, such Employee would own
stock and/or hold outstanding options to purchase stock possessing 5% or
more of the total combined voting power or value of all classes of stock of
the Company (for purposes of this paragraph, the rules of ss. 424(d) and
ss. 423(b)(3) of the Code shall apply in determining stock ownership of any
Employee); or

          (b) which permits such Employee's rights to purchase stock under
all employee stock purchase plans of the Company to accrue at a rate which
exceeds $25,000 of fair market value of the Common Stock (determined at the
time such option is granted) for each calendar year in which such option is
outstanding at any time.

     3.03 Commencement of Participation. An eligible Employee may become a
participant by completing an authorization for payroll deductions on the
form provided by the Company and filing the completed form with the Plan
Representative on or before the filing date set therefor by the Committee,
which date shall be prior to the Offering Commencement Date for the next
following Offering. Payroll deductions for a participant shall commence on
the next following Offering Commencement Date after the Employee's
authorization for payroll deductions becomes effective and shall continue
until termination of the Plan or the participant's earlier termination of
participation in the Plan. Each participant in the Plan shall be deemed to
continue participation until termination of the Plan or such participant's
earlier termination of participation in the Plan pursuant to Article VIII
below.


                                 ARTICLE IV
                  STOCK SUBJECT TO THE PLAN AND OFFERINGS

     4.01 Stock Subject to the Plan. Subject to the provisions of Section
12.04, the Company's Board of Directors shall reserve initially for
issuance under the Plan an aggregate of two hundred thousand (200,000)
shares of Common Stock, which shares shall be authorized but unissued. The
Company's Board of Directors may from time to time reserve additional
shares of authorized and unissued Common Stock for issuance pursuant to the
Plan; provided, however, that at no time shall the number of shares of
Common Stock reserved be greater than permitted by applicable law.

     4.02 Offerings. The Plan will be implemented by four offerings of the
Common Stock during each twelve-month period (the "Offerings"). For so long
as the Plan is in effect, an Offering will begin on May 1 and end on July
31, begin on August 1 and end on October 31, begin on November 1 and end on
January 31, and begin on February 1 and end on April 30. The first day of
an Offering shall be deemed the "Offering Commencement Date" and the last
day the "Offering Termination Date" for such Offering.


                                 ARTICLE V
                             PAYROLL DEDUCTIONS


     5.01 Amount of Deduction. The form described in Section 3.03 will
permit a participant to elect payroll deductions of any whole percentage
from one percent (1%) through ten percent (10%) of such participant's
Compensation for each pay period during an Offering.

     5.02 Participant's Account. All payroll deductions made for a
participant shall be credited to an account established for such
participant under the Plan. A participant may not make any separate cash
payment into such account.

     5.03 Changes in Payroll Deductions. A participant may reduce or
increase future payroll deductions (within the limits described in Section
5.01) by filing with the Plan Representative a form provided by the Company
for such purpose. The effective date of any increase or reduction in future
payroll deductions will be the first day of the next Offering following
processing of the change form. A participant may increase or reduce the
amount of his or her payroll deductions only once with respect to any
Offering.


                                 ARTICLE VI
                             GRANTING OF OPTION

     6.01 Number of Option Shares. On the Offering Commencement Date (for
each Offering), each participating Employee shall be deemed to have been
granted an option to purchase a maximum number of shares of Common Stock
the fair market value of which is equal to (i) that percentage of the
Employee's Compensation which the Employee has elected to have withheld
(but not in any case in excess of 10%) multiplied by (ii) the Employee's
Compensation during the Offering then divided by (iii) the applicable
Offering Price determined as provided in Section 6.02 below.
Notwithstanding the foregoing, the maximum number of shares of Common Stock
that a participant may purchase pursuant to an Offering is 2,000.

     6.02 Option Price. The option price of stock purchased with payroll
deductions made during any Offering (the "Offering Price") for a
participant therein shall be the lower of:

          (a) 85% of the closing price of the stock on the Offering
Commencement Date for such Offering or the nearest prior business day on
which trading occurred on the NASDAQ National Market System; or

          (b) 85% of the closing price on the Offering Termination Date for
such Offering or the nearest prior business day on which trading occurred
on the NASDAQ National Market System. If the Common Stock of the Company is
not admitted to trading on any of the aforesaid dates for which closing
prices of the stock are to be determined, then reference shall be made to
the fair market value of the stock on each such date, as determined on such
basis as shall be established or specified by the Committee.


                                ARTICLE VII
                             EXERCISE OF OPTION

     7.01 Automatic Exercise. Subject to Section 6.01, each Plan
participant's option for the purchase of stock with payroll deductions made
during any Offering will be deemed to have been exercised automatically on
the applicable Offering Termination Date for the purchase of the number of
full shares of Common Stock which the accumulated payroll deductions in the
participant's account at the time will purchase at the applicable Offering
Price.

     7.02 Withdrawal of Account. No participant in the Plan shall be
entitled to withdraw any amount from the accumulated payroll deductions in
his or her account; provided, however, that a participant's accumulated
payroll deductions shall be refunded to the participant as and to the
extent specified in Section 8.01 below upon termination of such
participant's participation in the Plan.

     7.03 Fractional Shares. Fractional shares of Common Stock will not be
issued under the Plan. Any accumulated payroll deductions which would have
been used to purchase fractional shares, unless refunded pursuant to
Section 7.02 above, will be held for the purchase of Common Stock in the
next following Offering, without interest.

     7.04 Exercise of Options. During a participant's lifetime, options
held by such participant shall be exercisable only by such participant.

     7.05 Delivery of Stock. As promptly as practicable after the Offering
Termination Date of each Offering, the Company will deliver to each
participant in such Offering, as appropriate, the shares of Common Stock
purchased therein upon exercise of such participant's option. The Company
may deliver such shares in certificated or book entry form, at the
Company's sole election. The Company may require a participant to dispose
of the shares of Common Stock acquired pursuant to the Plan through one or
more brokers designated by the Company.

     7.06 Stock Transfer Restrictions. The Plan is intended to satisfy the
requirements of ss. 423 of the Code. A participant will not obtain the
benefits of this provision if such participant disposes of shares of Common
Stock acquired pursuant to the Plan within two (2) years from the
applicable Offering Commencement Date.


                                ARTICLE VIII
                                 WITHDRAWAL

     8.01 In General. A participant may stop participating in the Plan at
any time by giving written notice to the Plan Representative. Upon
processing of any such written notice, no further payroll deductions will
be made from the participant's Compensation during such Offering or
thereafter, unless and until such participant elects to resume
participation. Such participant's payroll deductions accumulated prior to
processing of such notice to stop participation shall be applied toward
purchasing full shares of Common Stock in the then-current Offering as
provided in Section 7.01 above. Any cash balance remaining after the
purchase of shares in such Offering shall be refunded promptly to such
participant. A participant may elect to resume participation in the Plan by
providing written notice to the Plan Representative pursuant to Section
3.03 above. Such election to resume participation shall be effective as of
the first Offering commencing following the processing of such election.

     8.02 Effect on Subsequent Participation. A participant's withdrawal
from any Offering will not have any effect upon such participant's
eligibility to participate in any succeeding Offering or in any similar
plan which may hereafter be adopted by the Company and for which such
participant is otherwise eligible.

     8.03 Termination of Employment. Upon termination of a participant's
employment with the Company or any Eligible Subsidiary Corporation (as the
case may be) for any reason, including retirement or death, the
participant's payroll deductions accumulated prior to such termination, if
any, shall be applied toward purchasing full shares of Common Stock in the
then-current Offering, and any cash balance remaining after the purchase of
shares in such Offering shall be refunded to him or her, or, in the case of
his or her death, to the person or persons entitled thereto under Section
12.01, and his or her participation in the Plan shall be deemed to be
terminated.


                                 ARTICLE IX
                                  INTEREST

     9.01 Payment of Interest. No interest will be paid or allowed on any
money paid into the Plan or credited to the account of or distributed to
any participant.


                                 ARTICLE X
                                   STOCK

     10.01 Participant's Interest in Option Stock. No participant will have
any interest in shares of Common Stock covered by any option held by such
participant until such option has been exercised as provided in Section
7.01 above.

     10.02 Registration of Stock. Shares of Common Stock purchased by a
participant under the Plan will be recorded in the books and records of the
Company in the name of the participant.

     10.03 Restrictions on Exercise. The Board of Directors of the Company
may, in its discretion, require as conditions to the exercise of any option
that the shares of Common Stock reserved for issuance upon the exercise of
such option shall have been duly listed, upon official notice of issuance,
upon a stock exchange or market, and that either:

          (a) a registration statement under the Securities Act of 1933, as
amended, with respect to said shares shall be effective, or

          (b) the participant shall have represented at the time of
purchase, in form and substance satisfactory to the Company, that it is his
or her intention to purchase the shares for investment and not for resale
or distribution.


                                 ARTICLE XI
                               ADMINISTRATION

     11.01 Appointment of Committee. The Board of Directors of the Company
shall appoint a committee (the "Committee") to administer the Plan, which
shall consist solely of no fewer than two "non-employee directors" (as
defined in Rule 16b-3(a)(3) promulgated under the Securities Exchange Act
of 1934, as amended).

     11.02 Authority of Committee. Subject to the express provisions of the
Plan, the Committee shall have plenary authority in its discretion to
interpret and construe any and all provisions of the Plan, to adopt rules
and regulations for administering the Plan, and to make all other
determinations deemed necessary or advisable for administering the Plan.
The Committee's determination of the foregoing matters shall be conclusive.

     11.03 Rules Governing the Administration of the Committee. The Board
of Directors of the Company may from time to time appoint members of the
Committee in substitution for or in addition to members previously
appointed and may fill vacancies, however caused, in the Committee. The
Committee may select one of its members as its chairman, shall hold its
meetings at such times and places as it shall deem advisable, and may hold
telephonic meetings. All determinations of the Committee shall be made by a
majority of its members. A decision or determination reduced to writing and
signed by a majority of the members of the Committee shall be as fully
effective as if it had been made by a majority vote at a meeting duly
called and held. The Committee may appoint a secretary and shall make such
rules and regulations for the conduct of its business as it shall deem
advisable.


                                ARTICLE XII
                               MISCELLANEOUS

     12.01 Designation of Beneficiary. A participant may file with the Plan
Representative a written designation of a beneficiary who is to receive any
shares of Common Stock and/or cash under the Plan upon the participant's
death. Such designation of beneficiary may be changed by the participant at
any time by written notice to the Plan Representative. Upon the death of a
participant and receipt by the Company of proof of identity and existence
at the participant's death of a beneficiary validly designated by the
participant under the Plan, and subject to Article VIII above concerning
withdrawal from the Plan, the Company shall deliver such shares of Common
Stock and/or cash to such beneficiary. In the event of the death of a
participant lacking a beneficiary validly designated under the Plan who is
living at the time of such participant's death, the Company shall deliver
such shares of Common Stock and/or cash to the executor or administrator of
the estate of the participant, or if no such executor or administrator has
been appointed (to the knowledge of the Company), the Company, in its
discretion, may deliver such shares of Common Stock and/or cash to the
spouse or to any one or more dependents of the participant, in each case
without any further liability of the Company whatsoever under or relating
to the Plan. No beneficiary shall, prior to the death of the participant by
whom he or she has been designated, acquire any interest in the shares of
Common Stock and/or cash credited to the participant under the Plan.

     12.02 Transferability. Neither payroll deductions credited to any
participant's account nor any option or rights with regard to the exercise
of an option or the receipt of Common Stock under the Plan may be assigned,
transferred, pledged, or otherwise disposed of in any way by the
participant other than by will or the laws of descent and distribution. Any
such attempted assignment, transfer, pledge or other disposition shall be
without effect, except that the Company may, in its discretion, treat such
act as an election to withdraw from participation in the Plan in accordance
with Section 8.01.

     12.03 Use of Funds. All payroll deductions received or held by the
Company under the Plan may be used by the Company for any corporate
purpose. The Company shall not be obligated to segregate such payroll
deductions.

     12.04 Adjustment Upon Changes in Capitalization.

          (a) If, while any options are outstanding under the Plan, the
outstanding shares of Common Stock of the Company have increased,
decreased, changed into, or been exchanged for a different number or kind
of shares or securities of the Company through any reorganization, merger,
recapitalization, reclassification, stock split, reverse stock split or
similar transaction, appropriate and proportionate adjustments may be made
by the Committee in the number and/or kind of shares which are subject to
purchase under outstanding options and in the Option Price applicable to
such outstanding options. In addition, in any such event, the number and/or
kind of shares which may be offered in the Offerings described in Article
IV hereof shall also be proportionately adjusted.

          (b) Upon the dissolution or liquidation of the Company, or upon a
reorganization, merger or consolidation of the Company with one or more
corporations as a result of which the Company is not the surviving
corporation, or upon a sale of substantially all of the property or capital
stock of the Company to another corporation, the holder of each option then
outstanding under the Plan will thereafter be entitled to receive at the
next Offering Termination Date, upon the exercise of such option, for each
share as to which such option shall be exercised, as nearly as reasonably
may be determined, the cash, securities and/or property which a holder of
one share of the Common Stock was entitled to receive upon and at the time
of such transaction. The Board of Directors of the Company shall take such
steps in connection with such transactions as it shall deem necessary to
assure that the provisions of this Section 12.04 shall thereafter be
applicable, as nearly as reasonably may be determined, in relation to the
said cash, securities and/or property as to which each such holder of any
such option might hereafter be entitled to receive.

     12.05 Amendment and Termination. The Board of Directors of the Company
shall have complete power and authority to terminate or amend the Plan;
provided, however, that the Board of Directors of the Company shall not,
without the approval of the shareholders of the Company, alter (i) the
aggregate number of shares of Common Stock which may be issued under the
Plan (except pursuant to Section 12.04 above), or (ii) the class of
employees eligible to receive options under the Plan, other than to
designate additional Subsidiary Corporations as Eligible Subsidiary
Corporations; and provided further, however, that no termination,
modification, or amendment of the Plan may, without the consent of an
Employee then having an option under the Plan to purchase shares of Common
Stock, adversely affect the rights of such Employee under such option,
except that the foregoing shall not prohibit the Company from terminating
the Plan at any time (including during an Offering) and applying the
amounts theretofore withheld from participants to the purchase of shares of
Common Stock as if the termination date of the Plan were an Offering
Termination Date.

     12.06 Effective Date. The Plan shall become effective as of May 1,
1999, subject to approval by the holders of a majority of the shares of
Common Stock present and represented at any special or annual meeting of
the shareholders of the Company duly held within 12 months after adoption
of the Plan. If the Plan is not so approved, the Plan shall not become
effective.

     12.07 No Employment Rights. The Plan does not, directly or indirectly,
create in any person any right with respect to continuation of employment
by the Company or any Subsidiary Corporation, and it shall not be deemed to
interfere in any way with the Company's or any Subsidiary Corporation's
right to terminate, or otherwise modify, any Employee's employment at any
time.

     12.08 Effect of Plan. The provisions of the Plan shall, in accordance
with its terms, be binding upon, and inure to the benefit of, all
successors of each Employee participating in the Plan, including, without
limitation, such Employee's estate and the executors, administrators or
trustees thereof, heirs and legatees, and any receiver, trustee in
bankruptcy or representative of creditors of such Employee.

     12.09 Governing Law. The law of the State of New York will govern all
matters relating to this Plan except to the extent superseded by the
federal laws of the United States.
<PAGE>
                              Schedule 2.04 to
            theglobe.com, inc. 1999 Employee Stock Purchase Plan


                      Eligible Subsidiary Corporations
                      --------------------------------

1.    Each  Subsidiary  Corporation  organized under the laws of any of the
      states of the United States of America.