Document:

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                                                                  Exhibit 10.1.4

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                          INTERNET CAPITAL GROUP, INC.
                          1999 EQUITY COMPENSATION PLAN
               (as amended and restated, effective July 25, 2001)

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      The purpose of the Internet Capital Group, Inc. 1999 Equity Compensation
Plan (as amended and restated, effective July 25, 2001) (the "Plan") is to
provide (i) designated employees of Internet Capital Group, Inc. (the "Company")
and its subsidiaries, (ii) designated employees of entities in which the Company
has a greater than 50% ownership interest, (iii) certain advisors and
consultants who perform services for the Company or its subsidiaries, and (iv)
non-employee members of the Board of Directors of the Company (the "Board") with
the opportunity to receive grants of incentive stock options, nonqualified
options, stock appreciation rights, restricted shares, performance shares,
dividend equivalent rights and cash awards. The Company believes that the Plan
will encourage the participants to contribute materially to the growth of the
Company, thereby benefiting the Company's stockholders, and will align the
economic interests of the participants with those of the stockholders.

      1.    Administration

            (a) Committee. The Plan shall be administered and interpreted by a
committee appointed by the Board (the "Committee"). The Committee shall consist
of two or more persons appointed by the Board, all of whom shall be "outside
directors" as defined under section 162(m) of the Internal Revenue Code of 1986,
as amended (the "Code"), and related Treasury regulations and shall be
"non-employee directors" as defined under Rule 16b-3 promulgated under the
Securities Exchange Act of 1934, as amended (the "Exchange Act"). However, the
Board may ratify or approve any grants as it or the Committee deems appropriate.

            (b) Committee Authority. The Committee shall have the sole authority
to (i) determine the individuals to whom grants shall be made under the Plan,
(ii) determine the type, size and terms of the grants to be made to each such
individual, (iii) determine the time when the grants will be made and the
duration of any applicable exercise or restriction period, including the
criteria for exercisability and the acceleration of exercisability, (iv) amend
the terms of any previously issued grant, and (v) make all determinations with
respect to any other matters arising under the Plan.

            (c) Committee Determinations. The Committee shall have full power
and authority to administer and interpret the Plan, to make factual
determinations, and to adopt or amend such rules, regulations, agreements and
instruments for implementing the Plan and for the conduct of its business as it
deems necessary or advisable, in its sole discretion. The Committee's
interpretations of the Plan and all determinations made by the Committee
pursuant to the powers vested in it hereunder shall be conclusive and binding on
all persons having any interest in the Plan or in any awards granted hereunder.
All powers of the Committee shall be executed in its sole discretion, in the
best interest of the Company, not as a fiduciary, and in keeping with the
objectives of the Plan. Determinations made by the Committee under the Plan need
not be uniform as to similarly situated individuals.
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      2.    Grants

            Awards under the Plan may consist of grants of (i) incentive stock
options as described in Section 5 ("Incentive Stock Options"), (ii) nonqualified
options as described in Section 5 ("Nonqualified Options") (Incentive Stock
Options and Nonqualified Options are collectively referred to as "Options"),
(iii) stock appreciation rights as described in Section 7 ("SARs"), (iv)
restricted shares as described in Section 8 ("Restricted Shares"), (v)
performance shares as described in Section 9 ("Performance Shares"), (vi)
dividend equivalent rights as described in Section 10 ("Dividend Equivalent
Rights") and (vii) cash awards as described in Section 11 ("Cash Awards")
(hereinafter collectively referred to as "Grants"). All Grants shall be subject
to the terms and conditions set forth herein and to such other terms and
conditions consistent with the Plan as the Committee deems appropriate and as
are specified in writing by the Committee to the individual in a grant
instrument (the "Grant Instrument") or an amendment to the Grant Instrument. The
Committee shall approve the form and provisions of each Grant Instrument. Grants
under a particular Section of the Plan need not be uniform as among the grant
recipients (the "Grantees").

      3.    Shares Subject to the Plan

            (a) Shares Authorized. For purposes of the Plan, a Share means one
or more shares of common stock of the Company, par value $.001, as determined
pursuant to Section 3(b). Subject to the adjustment specified below, the
aggregate number of Shares of the Company that may be issued or transferred
under the Plan is 60,000,000 Shares. The maximum aggregate number of Shares that
shall be subject to Grants made under the Plan to any individual during any
calendar year shall be 6,000,000 Shares, subject to adjustment as described
below. The Shares may be authorized but unissued Shares or reacquired Shares,
including Shares purchased by the Company on the open market for purposes of the
Plan. If and to the extent Options or SARs granted under the Plan terminate,
expire, or are canceled, forfeited, exchanged or surrendered without having been
exercised, or if any Restricted Shares or Performance Shares are forfeited, the
Shares subject to such Grants shall again be available for purposes of the Plan.

            (b) Adjustments. If there is any change in the number or kind of
Shares outstanding (i) by reason of a dividend, spin-off, recapitalization,
split or combination or exchange of Shares, (ii) by reason of a merger,
reorganization or consolidation in which the Company is the surviving
corporation, (iii) by reason of a reclassification or change in par value, or
(iv) by reason of any other extraordinary or unusual event affecting the
outstanding Shares of the Company as a class without the Company's receipt of
consideration, or if the value of outstanding Shares is substantially reduced as
a result of a spin-off or the Company's payment of an extraordinary dividend or
distribution, the maximum number of Shares available for Grants, the maximum
number of Shares that any individual participating in the Plan may be granted in
any year, the number of Shares covered by outstanding Grants, the kind of Shares
issued under the Plan, and the price per Share or the applicable market value of
such Grants may be appropriately adjusted by the Committee to reflect any
increase or decrease in the number of, or change in the kind or value of, issued
Shares to preclude, to the extent practicable, the enlargement or dilution of
rights and benefits under such Grants; provided, however, that any fractional
Shares resulting from such adjustment shall be eliminated. Any adjustments
determined by the Committee shall be conclusive and binding on all persons
having any interest

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in the Plan or in any awards granted hereunder. Any Shares, other securities or
other property distributed to a Grantee, or which a Grantee is entitled to
receive, in respect of Restricted Shares, which are then subject to restrictions
imposed by Section 8, by reason of any the events described in clauses (i),
(ii), (iii), (iv) or (v) above shall be subject to the restrictions and
requirements imposed on such Restricted Shares, including depositing the
certificates therefor with the Company and bearing a legend as provided in
Section 8(d), unless determined otherwise by the Committee.

      4.    Eligibility for Participation

            (a) Eligible Persons. All employees of the Company, its parents and
its subsidiaries, and entities in which the Company has a greater than 50%
ownership interest ("Employees"), including persons who have accepted employment
with the Company or any parent or subsidiary, Employees who are officers or
members of the Board, and members of the Board who are not Employees
("Non-Employee Directors") shall be eligible to participate in the Plan.
Advisors and consultants who perform services to the Company or any of its
parents or its subsidiaries ("Key Advisors") shall be eligible to participate in
the Plan if the Key Advisors render bona fide services to the Company or its
parent or subsidiary, the services are not in connection with the offer or sale
of securities in a capital-raising transaction, and the Key Advisors do not
directly or indirectly promote or maintain a market for the Company's
securities.

            (b) Selection of Grantees. The Committee shall select the Employees,
Non-Employee Directors and Key Advisors to receive Grants and shall determine
the number of Shares subject to a particular Grant in such manner as the
Committee determines.

      5.    Options

            (a) Number of Shares. Subject to Section 6, the Committee shall
determine the number of Shares that will be subject to each Grant of Options to
Employees, Non-Employee Directors and Key Advisors. Subject to adjustment as
provided in Section 3(b), the maximum aggregate number of Shares that may be
subject to Incentive Stock Options shall be 3,000,000.

            (b) Type of Option and Price.

                  (i) The Committee may grant Incentive Stock Options that are
intended to qualify as "incentive stock options" within the meaning of section
422 of the Code or Nonqualified Options that are not intended so to qualify or
any combination of Incentive Stock Options and Nonqualified Options, all in
accordance with the terms and conditions set forth herein. Incentive Stock
Options may be granted only to Employees who have actually commenced employment
with the Company. Nonqualified Options may be granted to Employees, Non-Employee
Directors and Key Advisors.

                  (ii) The purchase price (the "Exercise Price") of Shares
subject to an Option shall be determined by the Committee and may be equal to,
greater than, or less than the Fair Market Value (as defined below) of a Share
on the date the Option is granted; provided, however, that (x) the Exercise
Price of an Incentive Stock Option shall be equal to, or greater

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than, the Fair Market Value of a Share on the date the Incentive Stock Option is
granted and (y) an Incentive Stock Option may not be granted to an Employee who,
at the time of grant, owns Shares possessing more than 10 percent of the total
combined voting power of all Shares and other classes of stock of the Company or
any parent or subsidiary of the Company, unless the Exercise Price per Share is
not less than 110% of the Fair Market Value of a Share on the date of grant.

                  (iii) If the Shares are publicly traded, then the Fair Market
Value per Share shall be determined as follows: (x) if the principal trading
market for the Shares is a national securities exchange or the Nasdaq National
Market, the last reported sale price thereof on the preceding date or, if there
were no trades on that date, the latest preceding date upon which a sale was
reported, or (y) if the Shares are not principally traded on such exchange or
market, the mean between the last reported "bid" and "asked" prices of a Share
on the preceding date, as reported on Nasdaq or, if not so reported, as reported
by the National Daily Quotation Bureau, Inc. or as reported in a customary
financial reporting service, as applicable and as the Committee determines. If
the Shares are not publicly traded or, if publicly traded, are not subject to
reported transactions or "bid" or "asked" quotations as set forth above, the
Fair Market Value per Share shall be as determined in good faith by the
Committee; provided that, if the Shares are publicly traded, the Committee may
make such discretionary determinations where the shares have not been traded for
10 trading days.

            (c) Option Term. The Committee shall determine the term of each
Option. The term of any Option shall not exceed ten years from the date of
grant. However, an Incentive Stock Option that is granted to an Employee who, at
the time of grant, owns Shares possessing more than 10 percent of the total
combined voting power of all Shares and other classes of stock of the Company,
or any parent or subsidiary of the Company, may not have a term that exceeds
five years from the date of grant.

            (d) Vesting and Exercisability of Options.

                  (i) Vesting. Options shall vest in accordance with such terms
and conditions as may be determined by the Committee and specified in the Grant
Instrument or an amendment to the Grant Instrument. The Committee may accelerate
the vesting of any or all outstanding Options at any time for any reason.

                  (ii) Exercisability. Notwithstanding the foregoing, the Option
may, but need not, include a provision whereby the Grantee may elect at any time
while an Employee, Non-Employee Director or Key Advisor to exercise the Option
as to any part or all of the Shares subject to the Option prior to the full
vesting of the Option. Any unvested Shares so purchased shall be subject to a
repurchase right in favor of the Company, with the repurchase price to be equal
to the lesser of (x) the original purchase price or (y) the Fair Market Value of
the Shares on the date of such repurchase, or to any other restriction the
Committee determines to be appropriate.

            (e) Termination of Employment, Retirement, Disability or Death.

                  (i) Except as provided below and subject to the provisions of
the

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Grant Instrument, an Option may only be exercised while the Grantee is an
Employee, Key Advisor or member of the Board. In the event that a Grantee has a
Termination of Service (as defined below) for any reason other than Retirement
(as defined below), Disability (as defined below), death or Cause (as defined
below), any Option which is otherwise exercisable by the Grantee shall terminate
unless exercised within 90 days after the date of such termination (or within
such other period of time as may be specified by the Committee), but in any
event no later than the date of expiration of the Option term. Except as
otherwise provided by the Committee, any of the Grantee's Options that are not
otherwise exercisable as of the date on which the Grantee has such a Termination
of Service shall terminate as of such date.

                  (ii) In the event the Grantee has a Termination of Service on
account of a termination for Cause by the Company, unless otherwise determined
by the Committee (x) any Option held by the Grantee shall terminate as of the
date of such Termination of Service and (y) the Grantee shall automatically
forfeit all Shares underlying any exercised portion of an Option for which the
Company has not yet delivered the certificates, upon refund by the Company of
the Exercise Price paid by the Grantee for such Shares.

                 (iii) In the event the Grantee has a Termination of Service on
account of Retirement, any Option which is otherwise exercisable by the Grantee
shall terminate unless exercised within three years after the date of such
Termination of Service (or within such other period of time as may be specified
by the Committee), but in any event no later than the date of expiration of the
Option term. To the extent that the Option is an Incentive Stock Option, any
portion of the Option not exercised within the three month period after the
Grantee has a Termination of Service on account of Retirement shall be a
Nonqualified Stock Option. Except as otherwise provided by the Committee, any of
the Grantee's Options which are not otherwise exercisable as of the date of such
Termination of Service shall terminate as of such date.

                  (iv) In the event the Grantee has a Termination of Service on
account of Disability, any Option which is otherwise exercisable by the Grantee
shall terminate unless exercised within three years after the date of such
Termination of Service (or within such other period of time as may be specified
by the Committee), but in any event no later than the date of expiration of the
Option term. To the extent that the Option is an Incentive Stock Option, any
portion of the Option not exercised within the one year period after the Grantee
has a Termination of Service on account of Disability shall be a Nonqualified
Stock Option. Except as otherwise provided by the Committee, any of the
Grantee's Options which are not otherwise exercisable as of the date of such
Termination of Service shall terminate as of such date.

                  (v) If the Grantee dies while an Employee, Key Advisor or
member of the Board or within 90 days after the date on which the Grantee has a
Termination of Service specified in Section 5(e)(i) above (or within such other
period of time as may be specified by the Committee), any Option that is
otherwise exercisable by the Grantee shall terminate unless exercised within
three years after the date of such death or Termination of Service (or within
such other period of time as may be specified by the Committee), but in any
event no later than the date of expiration of the Option term. Except as
otherwise provided by the Committee, any of the Grantee's Options that are not
otherwise exercisable as of the date of such Termination of Service shall
terminate as of such date.

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                  (vi) For purposes of Sections 5(e), 7, 8, and 9 of the Plan:

                  (A) "Cause" shall mean, except to the extent specified
            otherwise by the Committee, a finding by the Committee that (1) the
            Grantee has breached his or her employment, service, noncompetition,
            nonsolicitation or other similar contract with the Company or its
            parent and subsidiary corporations, (2) has been engaged in
            disloyalty to the Company or its parent and subsidiary corporations,
            including, without limitation, fraud, embezzlement, theft,
            commission of a felony or dishonesty in the course of his or her
            employment or service, (3) has disclosed trade secrets or
            confidential information of the Company or its parent and subsidiary
            corporations to persons not entitled to receive such information or
            (4) has entered into competition with the Company or its parent or
            Subsidiary Corporations. Notwithstanding the foregoing, if the
            Grantee has an employment agreement with the Company defining
            "Cause," then such definition shall supersede the foregoing
            definition.

                  (B) "Company" shall mean the Company and its parent and
            subsidiary corporations or other entities, as determined by the
            Committee.

                  (C) "Disability" shall mean a Grantee's becoming disabled
            within the meaning of section 22(e)(3) of the Code.

                  (D) "Retirement" shall mean a Grantee's Termination of Service
            with the consent of the Company after the attainment of age 55 and
            pursuant to the Company's retirement plan.

                  (E) "Termination of Service" shall mean a Grantee's
            termination of employment or service as an Employee, Key Advisor or
            member of the Board (so that, for purposes of the Plan, cessation of
            service as an Employee, Key Advisor and member of the Board shall
            not be treated as a Termination of Service if the Grantee continues
            without interruption to serve thereafter in another one (or more) of
            such other capacities) unless the Committee determines otherwise.

            (f) Exercise of Options. A Grantee may exercise an Option that has
become exercisable, in whole or in part, by delivering a notice of exercise to
the Company with payment of the Exercise Price. The Grantee shall pay the
Exercise Price for an Option as specified by the Committee (x) in cash, (y) by
delivering Shares owned by the Grantee for the period necessary to avoid a
charge to the Company's earnings for financial reporting purposes and to avoid
adverse accounting consequences to the Company (including Shares acquired in
connection with the exercise of an Option, subject to such restrictions as the
Committee deems appropriate) and having a Fair Market Value on the date of
exercise equal to the Exercise Price or by attestation (on a form prescribed by
the Committee) to ownership of Shares having a Fair Market Value on the date of
exercise equal to the Exercise Price, or (z) by such other method as the
Committee may approve, including, payment through a broker in accordance with
procedures permitted by Regulation T of the Federal Reserve Board; provided,
that, for purposes of assisting a Grantee to exercise an Option, the Company may
make loans to the Grantee or guarantee loans made by third parties to the
Grantee, on such terms and conditions as the Committee may authorize. The

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Grantee shall pay the Exercise Price at the time of exercise and shall satisfy
the withholding tax requirements of Section 14.

            (g) Limits on Incentive Stock Options. Each Incentive Stock Option
shall provide that, if the aggregate Fair Market Value of the Shares on the date
of the grant with respect to which Incentive Stock Options are exercisable for
the first time by a Grantee during any calendar year, under the Plan and any
other equity compensation plan of the Company or a parent or subsidiary, exceeds
$100,000, then the Option, as to the excess, shall be treated as a Nonqualified
Option. No Incentive Stock Option shall be granted to any person who is not an
Employee of the Company or a parent or subsidiary of the Company (within the
meaning of section 424(f) of the Code).

      6.    Automatic Option Grants to Non-Employee Directors

            Non-Employee Directors shall be eligible to receive Options under
this Section 6; provided, however, that Non-Employee Directors who receive an
Option award under Section 5 shall not be eligible to receive Options under this
Section 6.

            (a) Initial Grants. On the date that an eligible Non-Employee
Director is first elected to the Board, such Non-Employee Director shall receive
a Nonqualified Option under the Plan to purchase 47,000 Shares (an "Initial
Grant"); provided, however, that any Non-Employee Director who was a member of
the Board of Managers of Internet Capital Group, L.L.C. and who became a member
of the Board immediately following the execution of the Agreement of Merger
dated February 2, 1999 shall not be entitled to receive an Initial Grant. The
Initial Grant shall be subject to the availability and adjustment of Shares
issuable under the Plan pursuant to Section 3 and shall not be subject to the
discretion of any person or persons.

            (b) Service Grants. Every two (2) years on the anniversary of the
date that an eligible Non-Employee Director was initially elected to the Board
(or, if applicable, the Board of Managers of Internet Capital Group, L.L.C.),
such Non-Employee Director shall be granted a Nonqualified Option for an
additional 20,000 Shares (a "Service Grant").

            (c) Conversion Grants. In its sole discretion, the Board may grant a
Nonqualified Option to any eligible Non-Employee Director who was a member of
the Board of Managers of Internet Capital Group, L.L.C. and who became a member
of the Board immediately following the execution of the Agreement of Merger
dated February 2, 1999 to compensate such Non-Employee Director for the
cancellation of outstanding options held by such Non-Employee Director
immediately prior to the execution of such Agreement of Merger; provided,
however, that such grant shall be subject to the availability and adjustment of
Shares issuable under the Plan pursuant to Section 3 (a "Conversion Grant").

            (d) Aggregate Limitation on Grants. Notwithstanding any provision of
this Plan to the contrary, the maximum number of Shares subject to Initial
Grants, Service Grants and Conversion Grants which may be awarded to any
Non-Employee Director under the Plan shall not exceed 107,000 Shares.

            (e) Terms of Initial Grants, Service Grants and Conversion Grants.
Unless

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otherwise determined by the Committee as reflected in the applicable Grant
Instrument, each Option granted pursuant to this Section 6 shall be subject to
the following terms:

                  (i) Each such Option shall have a term of eight years from the
date of the applicable Option is granted.

                  (ii) Each Initial Grant shall vest in four equal installments
of a whole number of Shares on the first, second, third and fourth anniversaries
of the date of grant of such Option. Each Service Grant shall vest in two equal
installments of a whole number of Shares on the first and second anniversaries
of the date of grant of such Option. Each Conversion Grant shall vest as set
forth in the applicable Grant Instrument.

      7.    Stock Appreciation Rights

            (a) General Requirements. The Committee may grant SARs to an
Employee, Non-Employee Director or Key Advisor separately from or in tandem with
any Option (for all or a portion of the applicable Option). Tandem SARs may be
granted either at the time the Option is granted or at any time thereafter while
the Option remains outstanding; provided, however, that, in the case of an
Incentive Stock Option, SARs may be granted only at the time of the grant of the
Incentive Stock Option. The Committee shall establish the base amount of the SAR
at the time the SAR is granted. Unless the Committee determines otherwise, the
base amount of each SAR shall be equal to the per Share Exercise Price of the
related Option or, if there is no related Option, the Fair Market Value of a
Share as of the date of grant of the SAR.

            (b) Tandem SARs. In the case of tandem SARs, the number of SARs
granted to a Grantee that shall be exercisable during a specified period shall
not exceed the number of Shares that the Grantee may purchase upon the exercise
of the related Option during such period. Upon the exercise of an Option, the
SARs relating to the Shares purchased pursuant to such Option shall terminate.
Upon the exercise of SARs, the related Option shall terminate to the extent of
an equal number of Shares.

            (c) Exercisability. An SAR shall be exercisable during the period
specified by the Committee in the Grant Instrument and shall be subject to such
vesting and other restrictions as may be specified in the Grant Instrument. The
Committee may accelerate the exercisability of any or all outstanding SARs at
any time for any reason. SARs may only be exercised while the Grantee is as an
Employee, Key Advisor or member of the Board or during the applicable period
after Termination of Service as described in Section 5(e). A tandem SAR shall be
exercisable only during the period when the Option to which it is related is
also exercisable. No SAR may be exercised for cash by an executive officer or
director of the Company or any of its subsidiaries who is subject to section 16
of the Exchange Act, except in accordance with Rule 16b-3 under the Exchange
Act.

            (d) Value of SARs. When a Grantee exercises an SAR, the Grantee
shall receive in settlement of such SAR an amount, payable in cash, Shares or a
combination thereof, as determined by the Committee, equal to the amount by
which the Fair Market Value of a Share on the date of exercise of the SAR
exceeds the base amount of the SAR as described in Section 7(a).

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            (e) Form of Payment. The Committee shall determine whether the
appreciation in an SAR shall be paid in the form of cash, Shares, or a
combination of the two, in such proportion as the Committee deems appropriate.
For purposes of calculating the number of Shares to be received, Shares shall be
valued at their Fair Market Value on the date of exercise of the SAR. If Shares
are to be received upon exercise of a SAR, cash shall be delivered in lieu of
any fractional Share.

      8.    Restricted Shares

            The Committee may issue or transfer Shares to an Employee,
Non-Employee Director or Key Advisor under a Grant of Restricted Shares, upon
such terms as the Committee deems appropriate. The following provisions are
applicable to Restricted Shares:

            (a) General Requirements. Shares issued or transferred pursuant to
Restricted Share Grants may be issued or transferred for consideration or for no
consideration, as determined by the Committee. The Committee may establish
conditions under which restrictions on Restricted Shares shall lapse over a
period of time or according to such other criteria as the Committee deems
appropriate. The period of time during which the Restricted Shares will remain
subject to restrictions will be designated in the Grant Instrument as the
"Restriction Period."

            (b) Number of Shares. The Committee shall determine the number of
Restricted Shares to be issued or transferred and the restrictions applicable to
such Grant.

            (c) Requirement of Employment or Service. If the Grantee has a
Termination of Service during a period designated in the Grant Instrument as the
Restriction Period, or if other specified conditions are not met, the Restricted
Share Grant shall terminate as to all Shares covered by the Grant as to which
the restrictions have not lapsed, and those Shares must be immediately returned
to the Company, and the Company shall refund to the Grantee the lesser of (x)
the consideration, if any, paid by the Grantee for such Shares and (y) the Fair
Market Value of the Shares as of the date of such Termination of Service. The
Committee may, however, provide for complete or partial exceptions to these
requirements as it deems appropriate.

            (d) Restrictions on Transfer and Legend on Certificate. During the
Restriction Period, a Grantee may not sell, assign, transfer, pledge or
otherwise dispose of the Restricted Shares except as permitted under Section 15.
Each certificate for Restricted Shares shall contain a legend giving appropriate
notice of the restrictions in the Grant. The Grantee shall be entitled to have
the legend removed from the certificate covering the Restricted Shares subject
to restrictions when all restrictions on such Shares have lapsed. The Committee
may determine that the Company will not issue certificates for Restricted Shares
until all restrictions on such Shares have lapsed, or that the Company will
retain possession of certificates for Restricted Shares until all restrictions
on such Shares have lapsed.

            (e) Right to Vote and to Receive Dividends. Unless the Committee
determines otherwise, during the Restriction Period, the Grantee shall have the
right to vote Restricted Shares and to receive any dividends or other
distributions paid on such Shares, subject to any restrictions deemed
appropriate by the Committee, including, without limitation, the

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achievement of specific performance goals.

            (f) Lapse of Restrictions. All restrictions imposed on Restricted
Shares shall lapse upon the expiration of the applicable Restriction Period and
the satisfaction of all conditions imposed by the Committee. The Committee may
determine, as to any or all Restricted Share Grants, that the restrictions shall
lapse without regard to any Restriction Period.

      9.    Performance Shares

            (a) General Requirements. The Committee may grant Performance Shares
("Performance Shares") to an Employee or Key Advisor. Each Performance Share
shall represent the right of the Grantee to receive an amount based on the value
of the Performance Share, if performance goals established by the Committee are
met. The value of a Performance Share shall be based on the Fair Market Value of
a Share as of the date of payment in respect of such Performance Share is to be
made or on such other measurement base as the Committee deems appropriate. The
Committee shall determine the number of Performance Shares to be granted and the
requirements applicable to such Shares.

            (b) Performance Period and Performance Goals. When Performance
Shares are granted, the Committee shall establish the performance period during
which performance shall be measured (the "Performance Period"), performance
goals applicable to the Shares ("Performance Goals"), if any, and such other
conditions of the Grant as the Committee deems appropriate. Performance Goals
may relate to the financial performance of the Company or its operating shares,
the performance of Shares, individual performance, or such other criteria as the
Committee deems appropriate.

            (c) Payment with Respect to Performance Shares. At the end of each
Performance Period, the Committee shall determine to what extent the Performance
Goals and other conditions of the Performance Shares have been met and the
amount, if any, to be paid with respect to the Performance Shares. Payments with
respect to Performance Shares shall be made in cash, in Shares, or in a
combination of the two, as determined by the Committee. Any fractional
Performance Share shall be paid in cash. Unless otherwise determined by the
Committee, any Performance Shares with respect to which the Committee determines
that the applicable Performance Goals or other conditions have not been met
within the Performance Period shall be forfeited.

            (d) Requirement of Employment or Service. If the Grantee has a
Termination of Service during a Performance Period, or if other conditions
established by the Committee are not met, the Grantee's Performance Shares shall
be forfeited. The Committee may, however, provide for complete or partial
exceptions to this requirement as it deems appropriate.

            (e) Restrictions on Transfer. Rights to payments with respect to
Performance Shares granted under the Plan shall not be subject in any manner to
anticipation, alienation, sale, transfer, assignment, pledge, encumbrance,
attachment, garnishment, levy, execution, or other legal or equitable process,
either voluntary or involuntary; and any attempt to anticipate, alienate, sell,
transfer, assign, pledge, encumber, attach or garnish, or levy or execute on any
right to benefits payable hereunder, shall be void.

                                     - 10 -
<PAGE>
            (f) Limited Rights. Performance Shares are solely a device for the
measurement and determination of the amounts to be paid to a Grantee under the
Plan. Each Grantee's right in the Performance Shares is limited to the right to
receive payment, if any, as may herein be provided. The Performance Shares do
not constitute Shares and shall not be treated as (or as giving rise to)
property or as a trust fund of any kind; provided, however, that the Company may
establish a mere bookkeeping reserve to meet its obligations hereunder or a
trust or other funding vehicle that would not cause the Plan to be deemed to be
funded for tax purposes or for purposes of Title I of the Employee Retirement
Income Security Act of 1974, as amended. The right of any Grantee of Performance
Shares to receive payments by virtue of participation in the Plan shall be no
greater than the right of any unsecured general creditor of the Company. Nothing
contained in the Plan shall be construed to give any Grantee any rights with
respect to Shares or any ownership interest in the Company. Except as may be
provided in accordance with Section 10, no provision of the Plan shall be
interpreted to confer upon any Grantee any voting, dividend or derivative or
other similar rights with respect to any Performance Share.

      10.   Dividend Equivalent Rights

            (a) General Requirements. The Committee may grant Dividend
Equivalent Rights to Employees Non-Employee Directors and Key Advisors. Each
Dividend Equivalent Right shall represent the right to receive, either credits
for or payments of, amounts based on the dividends declared on Shares, to be
credited or paid as of the dividend payment dates, during the term of the
Dividend Equivalent Right as determined by the Committee. With respect to
Dividend Equivalent Rights granted with respect to Options intended to be
qualified performance-based compensation for purposes of section 162(m) of the
Code, such Dividend Equivalent Rights shall be payable regardless of whether
such Option is exercised.

            (b) Certain Terms. Unless otherwise determined by the Committee, a
Dividend Equivalent Right is exercisable or payable only while the Grantee is an
Employee, member of the Board or Key Advisor. Payment of the amount determined
in accordance with Section 10(a) shall be in cash, in Shares or a combination of
the two, as determined by the Committee. The Committee may impose such other
terms conditions on the grant of a Dividend Equivalent Right as it deems
appropriate in its discretion as reflected by the terms of the Grant Instrument.

            (c) Dividend Equivalent Right with Other Grants. The Committee may
establish a program under which Dividend Equivalent Rights may be granted in
conjunction with other Grants. For example, and without limitation, the
Committee may grant a Dividend Equivalent Right in respect of each Share subject
to an Option or with respect to a Performance Share, which right would consist
of the right to receive a cash payment in an amount equal to the dividend
distributions paid on a Share from time to time.

            (d) Deferral. The Committee may establish a program under which the
payments with respect to Dividend Equivalent Rights may be deferred. Such
program may include, without limitation, provisions for the crediting of
earnings and losses on unpaid amounts, and, if permitted by the Committee,
provisions under which Grantees may select from among hypothetical investment
alternatives for such deferred amounts in accordance with

                                     - 11 -
<PAGE>
procedures established by the Committee.

      11.   Cash Awards

            The Committee may grant Cash Awards to Employees, Non-Employee
Directors and Key Advisors. The cash payment due upon settlement of a Cash Award
shall be based on the attainment of performance goals and shall be subject to
such other conditions, restrictions and contingencies as the Committee shall
determine as reflected by the terms of the Grant Instrument.

      12.   Qualified Performance-Based Compensation

            (a) Designation as Qualified Performance-Based Compensation. The
Committee may determine that Restricted Shares, Performance Shares and Cash
Awards granted to an Employee shall be considered "qualified performance-based
compensation" under section 162(m) of the Code. The provisions of this Section
12 shall apply to Grants of Restricted Shares Performance Shares and Cash Awards
that are intended to be "qualified performance-based compensation" under section
162(m) of the Code.

            (b) Performance Goals. When Restricted Shares, Performance Shares or
Cash Awards that are intended to be "qualified performance-based compensation"
are granted, the Committee shall establish in writing (i) the objective
performance goals that must be met in order for restrictions on the Restricted
Shares to lapse or amounts to be paid under the Performance Shares or Cash
Awards as applicable, (ii) the Performance Period during which the performance
goals must be met, (iii) the threshold, target and maximum amounts that may be
paid if the performance goals are met, and (iv) any other conditions, including
without limitation provisions relating to death, Disability, other Termination
of Service or Reorganization, that the Committee deems appropriate and
consistent with the Plan and section 162(m) of the Code and the Treasury
regulations thereunder. The performance goals may relate to the Employee's
individual performance or the performance of the Company and its subsidiaries as
a whole, or any combination of the foregoing. The Committee shall use
objectively determinable performance goals based on one or more of the following
criteria: Share price, earnings per Share, net earnings, operating earnings,
return on assets, stockholder return, return on equity, growth in assets, share
volume, sales, market share, or strategic business criteria consisting of one or
more objectives based on meeting specific revenue goals, market penetration
goals, geographic business expansion goals, cost targets or goals relating to
acquisitions or divestitures.

            (c) Establishment of Goals. The Committee shall establish the
performance goals in accordance with Section 12(b) in writing either before the
beginning of the Performance Period or during a period ending no later than the
earlier of (i) 90 days after the beginning of the Performance Period or (ii) the
date on which 25% of the Performance Period has been completed, or such other
date as may be required or permitted under applicable regulations under section
162(m) of the Code. The performance goals shall satisfy the requirements for
"qualified performance-based compensation," including the requirement that the
achievement of the goals be substantially uncertain at the time they are
established and that the goals be established in such a way that a third party
with knowledge of the relevant facts could determine whether and to what extent
the performance goals had been met. The Committee shall not have discretion to

                                     - 12 -
<PAGE>
increase the amount of compensation that is payable upon achievement of the
designated performance goals.

            (d) Maximum Payment. If Restricted Shares, or Performance Shares
measured with respect to the Fair Market Value of Shares, are granted pursuant
to this Section 12, not more than 25,000 Shares may be granted to an Employee
under such Restricted Shares or Performance Shares for any Performance Period.
If Cash Awards, or Performance Shares measured with respect to criteria other
than the Fair Market Value of Shares, are granted pursuant to this Section 12,
the maximum amount that may be paid to an Employee under such Cash Awards or
Performance Shares with respect to a Performance Period is $2,000,000.

            (e) Performance Certification. The Committee shall certify and
announce the results for each Performance Period to all Grantees immediately
following the announcement of the Company's financial results for the
Performance Period. If and to the extent that the Committee does not certify
that the performance goals have been met, the grants of Restricted Shares,
Performance Shares, or Cash Awards made pursuant to this Section 12 for the
Performance Period shall be forfeited.

            (f) Death, Disability, or Other Circumstances. The Committee may
provide that Performance Shares, Cash Awards, or Restricted Shares shall be
payable, or restrictions on Restricted Shares shall lapse, in whole or in part,
in the event of the Employee's death or Disability during the Performance
Period, or under other circumstances consistent with the Treasury regulations
and rulings under section 162(m) of the Code.

      13.   Deferrals

            The Committee may permit or require a Grantee to defer receipt of
the payment of cash or the delivery of shares that would otherwise be due to
such Grantee in connection with any Option or SAR, the lapse or waiver of
restrictions applicable to Restricted Shares, the satisfaction of any
requirements or objectives with respect to Performance Shares, or the payment of
cash with respect to Cash Awards. If any such deferral election is permitted or
required, the Committee shall, in its sole discretion, establish rules and
procedures for such deferrals.

      14.   Withholding of Taxes

            (a) Required Withholding. The Company shall be entitled to withhold
from any payments or deemed payments any amount of tax withholding (including
all federal, state and local taxes) determined by the Committee to be required
by law. Without limiting the generality of the foregoing, the Committee may, in
its discretion, require the Grantee to pay to the Company at such time as the
Committee determines the amount that the Committee deems necessary to satisfy
the Company's obligation to withhold federal, state or local income or other
taxes incurred by reason of (i) the exercise of any Option or SAR, (ii) the
lapsing of any restrictions applicable to any Restricted Shares, (iii) the
receipt of a payment in respect of Performance Shares, Dividend Equivalent
Rights or Cash Awards or (iv) any other applicable income recognition event (for
example, an election under section 83(b) of the Code). Notwithstanding anything
contained in the Plan to the contrary, the Grantee's satisfaction of any

                                     - 13 -
<PAGE>
tax-withholding requirements imposed by the Committee shall be a condition
precedent to the Company's obligation as may otherwise be provided hereunder to
provide Shares to the Grantee and to the release of any restrictions as may
otherwise be provided hereunder, as applicable; and the applicable options,
SARs, Restricted Shares, Performance Shares or Dividend Equivalent Rights shall
be forfeited upon the failure of the Grantee to satisfy such requirements with
respect to, as applicable, (i) the exercise of the option or SAR, (ii) the
lapsing of restrictions on the Restricted Share (or other income recognition
event) or (iii) payments in respect of any Performance Share or Dividend
Equivalent Right.

            (b) Election to Withhold Shares. If the Committee so permits, a
Grantee may make a written election to satisfy the Company's income tax
withholding obligation with respect to an Option, an SAR, Restricted Shares,
Performance Shares or Dividend Equivalent Rights paid in Shares by having Shares
withheld by the Company from the Shares otherwise to be received, or to deliver
previously owned Shares (not subject to restrictions hereunder). In the event
that the Committee permits and Grantee makes such an election, the number of
Shares so withheld or delivered shall have an aggregate Fair Market Value on the
date of exercise that does not exceed the Grantee's minimum withholding tax rate
for federal (including FICA), state and local tax liabilities. Where the
exercise of an Incentive Stock Option does not give rise to an obligation by the
Company to withhold federal, state or local income or other taxes on the date of
exercise, but may give rise to such an obligation in the future, the Committee
may, in its discretion, make such arrangements and impose such restrictions as
it deems necessary or appropriate. The election must be in a form and manner
prescribed by the Committee and shall be subject to the prior approval of the
Committee.

      15.   Transferability of Grants

            (a) In General. Except as provided in Section 15(b), only the
Grantee may exercise rights under a Grant during the Grantee's lifetime. A
Grantee may not transfer those rights except by will or by the laws of descent
and distribution, or, with respect to Grants other than Incentive Stock Options,
if permitted in any specific case by the Committee, pursuant to a domestic
relations order. When a Grantee dies, the personal representative or other
person entitled to succeed to the rights of the Grantee ("Successor Grantee")
may exercise such rights in accordance with the terms of the Plan. A Successor
Grantee must furnish proof satisfactory to the Company of his or her right to
receive the Grant under the Grantee's will or under the applicable laws of
descent and distribution.

            (b) Transfer of Nonqualified Options. Notwithstanding the foregoing,
the Committee may provide in a Grant Instrument that a Grantee may transfer
Nonqualified Options to family members or other persons or entities, consistent
with applicable securities laws, according to such terms as the Committee may
determine where the Committee determines that such transferability does not
result in accelerated federal income taxation; provided that the Grantee
receives no consideration for the transfer of an Option and the transferred
Option shall continue to be subject to the same terms and conditions as were
applicable to the Option immediately before the transfer.

      16.   Reorganization of the company

                                     - 14 -
<PAGE>
            (a) Reorganization. As used herein, a "Reorganization" shall be
deemed to have occurred if the stockholders of the Company approve (or, if
stockholder approval is not required, the Board approves) an agreement providing
for (i) the merger or consolidation of the Company with another corporation
where the stockholders of the Company, immediately prior to the merger or
consolidation, will not beneficially own, immediately after the merger or
consolidation, Shares entitling such stockholders to more than 50% of all votes
to which all stockholders of the surviving corporation would be entitled in the
election of directors (without consideration of the rights of any class of stock
to elect directors by a separate class vote), (ii) the sale or other disposition
of all or substantially all of the assets of the Company, or (iii) a liquidation
or dissolution of the Company.

            (b) Assumption of Grants. Upon a Reorganization where the Company is
not the surviving corporation (or survives only as a subsidiary of another
corporation), unless the Committee determines otherwise, all outstanding Options
and SARs that are not exercised shall be assumed by, or replaced with comparable
options or rights by, the surviving corporation.

            (c) Other Alternatives. Notwithstanding the foregoing, in the event
of a Reorganization, the Committee may take one or both of the following
actions: the Committee may (i) require that Grantees surrender their outstanding
Options and SARs in exchange for a payment by the Company, in cash or Shares as
determined by the Committee, in an amount equal to the amount by which the then
Fair Market Value of the Shares subject to the Grantee's unexercised Options and
SARs exceeds the Exercise Price of the Options or the base amount of the SARs,
as applicable, or (ii) after accelerating all vesting and giving Grantees an
opportunity to exercise their outstanding Options and SARs, terminate any or all
unexercised Options and SARs at such time as the Committee deems appropriate.
Such surrender or termination shall take place as of the date of the
Reorganization or such other date as the Committee may specify.

            (d) Limitations. Notwithstanding anything in the Plan to the
contrary, in the event of a Reorganization, the Committee shall not have the
right to take any actions described in the Plan (including without limitation
actions described in Section 17(c)) that would make the Reorganization
ineligible for pooling of interests accounting treatment or that would make the
Reorganization ineligible for desired tax treatment if, in the absence of such
right, the Reorganization would qualify for such treatment and the Company
intends to use such treatment with respect to the Reorganization.

      17.   Change of Control of the Company

            (a) Definition. As used herein, a "Change of Control" shall be
deemed to have occurred if:

                  (i) Any "person" (as such term is used in sections 13(d) and
14(d) of the Exchange Act) other than Safeguard Scientifics, Inc. or any of its
subsidiaries or affiliates becomes a "beneficial owner" (as defined in Rule
13d-3 under the Exchange Act), directly or indirectly, of securities of the
Company representing a majority of the voting power of the then outstanding
securities of the Company except where the acquisition is approved by the Board;
or

                  (ii) Any person has commenced a tender offer or exchange offer
for a

                                     - 15 -
<PAGE>
majority of the voting power of the then outstanding Shares of the Company.

            (b) Notice and Acceleration. Upon a Change of Control, to the extent
the Committee in its sole discretion determines, (i) the Company shall provide
each Grantee with outstanding Grants written notice of such Change of Control,
(ii) all outstanding Options and SARs shall automatically accelerate and become
fully exercisable, (iii) the restrictions and conditions on all outstanding
Restricted Shares shall immediately lapse, and (iv) Grantees holding Performance
Shares shall receive a payment in settlement of such Performance Shares, in an
amount determined by the Committee, based on the Grantee's target payment for
the Performance Period and the portion of the Performance Period that precedes
the Change of Control.

            (c) Other Alternatives. Notwithstanding the foregoing, subject to
Subsection (d) below, in the event of a Change of Control, the Committee may
take one or both of the following actions: the Committee may (i) require that
Grantees surrender their outstanding Options and SARs in exchange for a payment
by the Company, in cash or Shares as determined by the Committee, in an amount
equal to the amount by which the then Fair Market Value of the Shares subject to
the Grantee's unexercised Options and SARs exceeds the Exercise Price of the
Options or the base amount of the SARs, as applicable, or (ii) after giving
Grantees an opportunity to exercise their outstanding Options and SARs,
terminate any or all unexercised Options and SARs at such time as the Committee
deems appropriate. Such surrender or termination shall take place as of the date
of the Change of Control or such other date as the Committee may specify.

            (d) Committee. The Committee making the determinations under this
Section 17 following a Change of Control must be comprised of the same members
as those on the Committee immediately before the Change of Control. If the
Committee members do not meet this requirement, the automatic provisions of
Section 17(b) above shall apply in the case of such a Change of Control, and the
Committee shall not have discretion to vary them.

            (e) Limitations. Notwithstanding anything in the Plan to the
contrary, in the event of a Change of Control, the Committee shall not have the
right to take any actions described in the Plan (including without limitation
actions described in Section 17(c) above) that would make the Change of Control
ineligible for pooling of interests accounting treatment or that would make the
Change of Control ineligible for desired tax treatment if, in the absence of
such right, the Change of Control would qualify for such treatment and the
Company intends to use such treatment with respect to the Change of Control.

      18.   Requirements for Issuance or Transfer of Shares

      No Shares shall be issued or transferred in connection with any Grant
hereunder unless and until all legal requirements applicable to the issuance or
transfer of such Shares have been complied with to the satisfaction of the
Committee. The Committee shall have the right to condition any Grant made to any
Grantee hereunder on such Grantee's undertaking in writing to comply with such
restrictions on his or her subsequent disposition of such Shares as the
Committee shall deem necessary or advisable as a result of any applicable law,
regulation or official interpretation thereof, and certificates representing
such Shares may be legended to

                                     - 16 -
<PAGE>
reflect any such restrictions. Certificates representing Shares issued or
transferred under the Plan will be subject to such stop-transfer orders,
registration and other restrictions as may be required by applicable laws,
regulations and interpretations, including any requirement that a legend be
placed thereon.

      19.   Amendment and Termination of the Plan

            (a) Amendment. The Board may amend or terminate the Plan at any
time; provided that the Board may not make any amendment to the Plan that would,
if such amendment were not approved by the stockholders of the Company, cause
the Plan to fail to comply with any requirement of applicable law or regulation,
unless and until the approval of the stockholders is obtained.

            (b) Termination of Plan. The Plan shall terminate on the day
immediately preceding the tenth anniversary of its effective date, unless the
Plan is terminated earlier by the Board or is extended by the Board with the
approval of the stockholders.

            (c) Termination and Amendment of Outstanding Grants. A termination
or amendment of the Plan that occurs after a Grant is made shall not materially
impair the rights of a Grantee unless the Grantee consents or unless the
amendment is required in order to comply with applicable law. The termination of
the Plan shall not impair the power and authority of the Committee with respect
to an outstanding Grant. Whether or not the Plan has terminated, an outstanding
Grant may be terminated or amended in accordance with the Plan or may be amended
by agreement of the Company and the Grantee consistent with the Plan.

            (d) Governing Document. The Plan shall be the controlling document.
No other statements, representations, explanatory materials or examples, oral or
written, may amend the Plan in any manner. The Plan shall be binding upon and
enforceable against the Company and its successors and assigns.

      20.   Funding of the Plan

            The Plan shall be unfunded. The Company shall not be required to
establish any special or separate fund or to make any other segregation of
assets to assure the payment of any Grants under the Plan. In no event shall
interest be paid or accrued on any Grant, including unpaid installments of
Grants.

      21.   Rights of Participants

            Nothing in the Plan shall entitle any Employee, Non-Employee
Director, Key Advisor or other person to any claim or right to be granted a
Grant under the Plan. Neither the Plan nor any action taken hereunder shall be
construed as giving any individual any rights to be retained by or in the employ
of the Company or any other employment rights.

      22.   No Fractional Shares

            No fractional Shares shall be issued or delivered pursuant to the
Plan or any Grant. The Committee shall determine whether cash, other awards or
other property shall be

                                     - 17 -
<PAGE>
issued or paid in lieu of such fractional Shares or whether such fractional
Shares or any rights thereto shall be forfeited or otherwise eliminated.

      23.   Headings

            Section headings are for reference only. In the event of a conflict
between a title and the content of a Section, the content of the Section shall
control.

      24.   Effective Date of the Amended and Restated Plan

            The Plan initially became effective on February 2, 1999, and was
amended and restated effective on May 1, 1999. This amendment and restatement of
the Plan is effective July 25, 2001.

      25.   Miscellaneous

            (a) Grants in Connection with Corporate Transactions and Otherwise.
Nothing contained in the Plan shall be construed to (i) limit the right of the
Committee to make Grants under the Plan in connection with the acquisition, by
purchase, lease, merger, consolidation or otherwise, of the business or assets
of any corporation, firm or association, including Grants to employees thereof
who become Employees or for other proper corporate purposes, or (ii) limit the
right of the Company to grant stock options or make other awards outside of the
Plan; provided, that the total number of Shares issuable upon exercise of all
outstanding options shall not exceed 30% of the then outstanding Shares of the
Company unless approved by a two-thirds vote of the stockholders. Without
limiting the foregoing, the Committee may make a Grant to an employee of another
corporation who becomes an Employee by reason of a corporate merger,
consolidation, acquisition of stock or property, reorganization or liquidation
involving the Company or any of its subsidiaries in substitution for a stock
option or restricted share grant made to such employee by such corporation. The
terms and conditions of the substitute grants may vary from the terms and
conditions required by the Plan and from those of the substituted stock
incentives. The Committee shall prescribe the provisions of the substitute
grants.

            (b) Compliance with Law. The Plan, the exercise of Options and SARs
and the obligations of the Company to issue or transfer Shares under Grants
shall be subject to all applicable laws and to approvals by any governmental or
regulatory agency as may be required. With respect to persons subject to section
16 of the Exchange Act, it is the intent of the Company that the Plan and all
transactions under the Plan comply with all applicable provisions of Rule 16b-3
or its successors under the Exchange Act. In addition, it is the intent of the
Company that the Plan and applicable Grants under the Plan comply with the
applicable provisions of section 162(m) of the Code and section 422 of the Code.
To the extent that any legal requirement of section 16 of the Exchange Act or
sections 162(m) or 422 of the Code as set forth in the Plan ceases to be
required under section 16 of the Exchange Act or sections 162(m) or 422 of the
Code, that Plan provision shall cease to apply. The Committee may revoke any
Grant if it is contrary to law or modify a Grant to bring it into compliance
with any valid and mandatory government regulation. The Committee may, in its
sole discretion, agree to limit its authority under this Section 25(b).

                                     - 18 -
<PAGE>
            (c) Governing Law. The validity, construction, interpretation and
effect of the Plan and Grant Instruments issued under the Plan shall exclusively
be governed by and determined in accordance with the law of the State of
Delaware.

                                   * * * * * *

                                     - 19 -
<PAGE>
Date: July 25, 2001                 INTERNET CAPITAL GROUP, INC.

                                    By: /s/ Walter W. Buckley, III
                                        ----------------------------------------
                                        Walter W. Buckley, III
                                        President and Chief Executive Officer

Attest:

By:  /s/ Henry N. Nassau
     ----------------------
     Henry N. Nassau
     Secretary

                                     - 20 -<PAGE>
                                                                  EXHIBIT 10.43

                    SEVERANCE AND CHANGE IN CONTROL AGREEMENT

         THIS SEVERANCE AND CHANGE IN CONTROL AGREEMENT is made as of the 1st
day of January, 2001 by and between Internet Capital Group, Inc., a Delaware
corporation (the "Company"), with its principal office in Wayne, PA and Edward
H. West ("Executive").

         WHEREAS, Executive is an executive of the Company, currently serving as
its Chief Financial Officer;

         WHEREAS, the Board of Directors of the Company (the "Board") desires to
provide this Agreement to the Executive as additional compensation for the
valuable services rendered and to be rendered by the Executive to the Company;

         WHEREAS, the Board also believes that appropriate steps should be taken
to reinforce and encourage the continued attention and dedication of Executive
to the Company without distraction, notwithstanding the fact that the Company,
could be subject to a "Change in Control" (as hereinafter defined), although no
such transaction is currently being discussed, and that such possibility, and
the uncertainty and questions which it may raise among management, may result in
the departure or distraction of key management personnel to the detriment of the
Company; and

         WHEREAS, in consideration for Executive agreeing to continue in
employment with the Company and agreeing to keep Company information
confidential in the event Executive's employment is terminated, the Company
agrees that Executive shall receive the compensation set forth in this Agreement
as a cushion against the financial and career impact on Executive in the event
Executive's employment with the Company is terminated without cause or if the
Executive's employment is terminated upon or after the occurrence of a Change in
Control.

         NOW, THEREFORE, in consideration of the foregoing and the mutual
covenants and agreements hereinafter set forth and intending to be legally bound
hereby, the Company and Executive (individually a "Party" and together, the
"Parties") agree as follows:

         1.       Definitions.

                  (a) "Annual Base Salary" shall mean twelve times the greater
of (a) the highest monthly base salary paid or payable (including any base
salary which has been earned but deferred) to the Executive by the Company and
its affiliates (as defined in section 1504 of the Code without regard to
subsection (b) thereof), together with any and all salary reduction authorized
amounts under any of the Company's benefit plans or programs, in respect of the
twelve-month period immediately preceding the date of the Change in Control, or
(b) the monthly base salary paid or payable to the Executive by the Company
(including authorized deferrals and salary reduction amounts) immediately prior
to the Executive's Termination of Employment.

                  (b) "Board" shall mean the board of directors of the Company.
<PAGE>
                  (c) "Cause" shall mean (i) the willful and continued failure
by the Executive to substantially perform his duties with the Employer (other
than any such failure resulting from incapacity due to physical or mental
illness of the Executive, or any such actual or anticipated failure after the
issuance of a Notice of Termination for Good Reason); (ii) the willful engaging
by the Executive in conduct that is demonstrably and materially injurious to the
Employer, monetarily or otherwise; or (iii) the conviction of, or plea of nolo
contendere by, the Executive of a felony involving fraud or moral turpitude. For
purposes of determining whether any such Cause is present, no act or failure to
act by Executive shall be considered "willful" if done or omitted to be done by
Executive in good faith and in the reasonable belief that such act or omission
was in the best interest of the Company and/or required by applicable law.
Notwithstanding the foregoing, in no event shall "Cause" be deemed to exist
unless and until there shall have been delivered to the Executive a Notice of
Termination duly approved by the affirmative vote of not less than
three-quarters of the entire membership of the Board at a meeting of the Board
called and held for the purpose (after reasonable notice to the Executive and an
opportunity for him to cure such Cause and, together with his counsel, to be
heard before the Board), finding that in the good faith opinion of the Board,
the Executive was guilty of conduct set forth above in clause (i), (ii) or (iii)
of the first sentence of this paragraph.

                  (d) "Change in Control" shall mean the first to occur, after
the date hereof, of any of the following:

                           (i) if any Person is or becomes the "beneficial
         owner" (as defined in Rule 13d-3 under the Securities Exchange Act),
         directly or indirectly, of securities of the Company (not including in
         the securities beneficially owned by such Person any securities
         acquired directly from the Company or its Subsidiaries) representing
         40% or more of either the then outstanding shares of Stock of the
         Company or the combined voting power of the Company's then outstanding
         securities;

                           (ii) if, during any period of 24 consecutive months
         during the existence of this Agreement commencing on or after the date
         hereof, the individuals who, at the beginning of such period,
         constitute the Board (the "Incumbent Directors") cease for any reason
         other than death to constitute at least a majority thereof; provided
         that a director who was not a director at the beginning of such
         24-month period shall be deemed to have satisfied such 24-month
         requirement (and be an Incumbent Director) if such director was elected
         by, or on the recommendation of or with the approval of, at least
         two-thirds of the directors who then qualified as Incumbent Directors
         either actually (because they were directors at the beginning of such
         24-month period) or by prior operation of this clause (ii);

                           (iii) the consummation of a merger or consolidation
         of the Company with any other corporation other than (A) a merger or
         consolidation which would result in the voting securities of the
         Company outstanding immediately prior to such merger or consolidation
         continuing to represent (either by remaining outstanding or by being
         converted into voting securities of the surviving entity or any parent
         thereof) at least 60% of the combined voting power of the voting
         securities of the Company or such surviving

                                       2
<PAGE>
         entity or any parent thereof outstanding immediately after such merger
         or consolidation, or (B) a merger or consolidation effected to
         implement a recapitalization of the Company (or similar transaction) in
         which no Person is or becomes the beneficial owner, as defined in
         clause (i), directly or indirectly, of securities of the Company (not
         including in the securities beneficially owned by such Person any
         securities acquired directly from the Company or its Subsidiaries)
         representing 40% or more of either the then outstanding shares of Stock
         of the Company or the combined voting power of the Company's then
         outstanding securities; or

                           (iv) the stockholders of the Company approve a plan
         of complete liquidation or dissolution of the Company, or there is
         consummated an agreement for the sale or disposition by the Company of
         all or substantially all of the Company's assets, other than a sale or
         disposition by the Company of all or substantially all of the Company's
         assets to an entity, at least 60% of the combined voting power of the
         voting securities of which are owned by Persons in substantially the
         same proportion as their ownership of the Company immediately prior to
         such sale.

         Upon the occurrence of a Change in Control as provided above, no
subsequent event or condition shall constitute a Change in Control for purposes
of this Agreement, with the result that there can be no more than one Change in
Control hereunder.

                  (e) "Code" means the Internal Revenue Code of 1986, as
amended.

                  (f) "Disability" shall mean Executive has been unable to
perform the material duties of his employment for a period of 6 consecutive
months in any 12-month period because of physical or mental injury or illness.

                  (g) "Good Reason" shall mean the resignation by the Executive
upon not less than 30 days' prior written notice to the Company upon the
occurrence of any of the following events or conditions for any reason other
than for Cause, unless Executive has expressly consented in writing thereto or
unless the event is remedied by the Company promptly after receipt of notice
thereof given by Executive: (i) a reduction in Executive's Annual Base Salary;
(ii) a demotion of Executive including, without limitation, causing Executive to
report to anyone other than the Chief Executive Officer; (iii) a material
adverse change of Executive's duties, or responsibilities as Chief Financial
Officer; (iv) the Company's requiring Executive to be based at a location other
than in the Philadelphia, Pennsylvania metropolitan area; (v) the Executive's
election to separate from the service of the Company pursuant to Section 3(a);
or (vi) any material breach of this Agreement by the Company.

                  (h) "Termination of Employment" shall mean the termination by
the Company of Executive's active employment relationship with the Company
without Cause, or termination by the Executive of Executive's active employment
with the Company for Good Reason.

                                       3
<PAGE>
                  (i) "Termination Upon a Change in Control" shall mean that
following a Change in Control and during the Term of the Agreement, the
Executive's employment is terminated by the Company without Cause, the Executive
resigns for Good Reason, or the Executive exercises his right to terminate his
employment as described in Section 3(a).

         2.       Termination of Employment.

                  (a) The Company may terminate Executive's employment at any
time without Cause (as defined in Section 1(c)) from the position of President
and Chief Operating Officer or Chief Financial Officer upon written notice to
Executive; provided, however, that, in the event that such notice is given,
Executive shall be under no obligation to render any additional services to the
Company and shall be allowed to seek other employment. In addition, Executive
may initiate termination of employment by resigning for Good Reason (as defined
in Section 1(g)), and the Company may terminate Executive's employment for Cause
(in accordance with the provisions of Section 1(c)).

                  (b) Upon any termination of Executive's employment described
in Section 2(a) above, Executive shall be entitled to receive only the amount
due to Executive under the Company's then current severance pay plan for
employees, if any. No other payments or benefits shall be due under this
Agreement to Executive, but Executive shall be entitled to any benefits accrued
or earned in accordance with the terms of any applicable benefit plans and
programs of the Company.

                  (c) Notwithstanding the provisions of Section 2(b), in the
event that Executive executes and does not revoke a written release upon such
removal or resignation, substantially in the form attached hereto as Exhibit A
(the "Release"), of any and all claims against the Company and all related
parties with respect to all matters arising out of Executive's employment by the
Company, or the termination thereof (other than claims for any entitlements
under the terms of this Agreement or under any plans or programs of the Company
under which Executive has accrued a benefit), Executive shall be entitled to
receive, in lieu of the payment described in Section 2(b), the following in
connection with Executive's Termination of Employment:

                           (i) Executive shall receive a lump sum cash payment
         equal to 1.5 times (x) Executive's Annual Base Salary in effect
         immediately before Executive's Termination of Employment (disregarding
         for this purpose any reduction in Executive's Annual Base Salary
         resulting in Good Reason for such Termination of Employment) and (y)
         the target bonus applicable to Executive as of the date on which
         Executive's Termination of Employment occurs. Payment shall be made
         within 30 days after the effective date of the termination (or the end
         of the revocation period for the Release, if later).

                           (ii) For a period of 18 months following the date of
         termination, Executive shall continue to receive the medical coverage
         in effect at the date of his termination (or comparable coverage) for
         himself and, where applicable, his spouse and

                                       4
<PAGE>
         dependents or, as an alternative, the Company may elect to pay
         Executive cash in lieu of such coverage in an amount equal to
         Executive's after-tax cost of continuing such coverage, where such
         coverage may not be continued (or where such continuation would
         adversely affect the tax status of the plan pursuant to which the
         coverage is provided). The COBRA health care continuation coverage
         period under Section 4980B of the Internal Revenue Code of 1986, as
         amended, shall run concurrently with the foregoing 18 month benefit
         period.

                           (iii) A pro rated bonus for the year in which
         Executive's Termination of Employment occurs, when declared by the
         Board based upon business goal achievement; provided: (i) if such
         termination occurs during calendar year 2001, such bonus shall be the
         sum of (1) one-half of a target bonus, plus (2) the greater of (w)
         one-half of a target bonus or (x) a pro rated bonus; and (ii) if such
         termination occurs during calendar 2002, such bonus shall be equal to
         the greater of (y) one-half of a target bonus or (z) a pro rated bonus.
         A pro rated bonus shall be based on the Executive's annual bonus for
         the year in which Executive's termination occurs, multiplied by a
         fraction, the numerator of which is the number of days during which
         Executive was employed by the Company in the year of his termination
         and the denominator of which is 365. Payment shall be made within 30
         days after the date of declaration by the Board (or the end of the
         revocation period for the Release, if later); provided, if such
         termination occurs during calendar 2001, such part of the bonus as
         equals one-half of a target bonus shall be paid to Executive within 30
         days after the effective date of the termination (or the end of the
         revocation period for the Release, if later).

                           (iv) For vesting of Executive's options and
         restricted stock, Executive shall receive (I) an additional twelve (12)
         months service credit. All of Executive's vested options shall be
         exercisable after Executive's Termination of Employment to the earliest
         of (1) 24 months following such Termination; (2) 12 months after the
         date on which the Company's share price is maintained at no less than
         $10.00 for 20 consecutive market closings following such Termination;
         or (3) the last day of the stated option term.

                           (v) Executive shall receive any other amounts earned,
         accrued or owing but not yet paid and any benefits accrued or earned in
         accordance with the terms of any applicable benefit plans and programs
         of the Company.

                           (vi) Any relocation expense reimbursement obligation
         shall be excused.

                  (d) Executive may, by at least 30 days prior written notice,
voluntarily terminate employment without liability at any time without Good
Reason, and shall be entitled to the benefits of Sections 2(c)(v) and 2(c)(vi).
Executive shall be entitled to the benefits of Sections 2(c)(v) and 2(c)(vi) if
his employment shall be terminated by the Company upon the expiration of the
Term.

                                       5
<PAGE>
         3.       Termination Upon a Change in Control.

                  (a) If a Change in Control occurs during the Term of this
Agreement, Executive shall be entitled to the benefits provided in this Section
3 upon the subsequent termination of Executive's employment by the Company
without Cause, the Executive's resignation for Good Reason or, if during the 7th
full calendar month after the occurrence of a Change in Control, the Executive
voluntarily elects to terminate his employment for any reason. The Executive's
voluntary election to separate from service during the 7th full calendar month
after the occurrence of a Change in Control shall be deemed a termination for
Good Reason pursuant to Section 1(g), however, instead of the benefits described
under Section 2, the Executive shall be entitled to the payments and other
rights described in this Section 3. Notwithstanding anything in this Agreement
to the contrary, if Executive's employment terminates on account of his death or
Disability, Executive shall be entitled to receive the life insurance and/or
disability benefits under any life insurance policy and/or disability program
maintained by the Company for similarly situated executives on the date hereof
which shall cover Executive, and Executive shall not be considered to have
terminated employment under this Section 3(a) and shall not be entitled to
receive benefits pursuant to this Section 3; provided, if such policy or program
shall be amended to provide less favorable benefits, or shall be terminated,
then the Company shall procure comparable such coverage for Executive, or pay
Executive such amount in cash as may be required to compensate him for the cost
to purchase such coverage, as in effect immediately prior to such amendment or
termination

                  (b) Upon any Termination of Employment described in Section
3(a) above, Executive shall be entitled to receive only the amount due to
Executive under the Company's then current severance pay plan for employees, if
any. No other payments or benefits shall be due under this Agreement to
Executive, but Executive shall be entitled to any benefits accrued or earned in
accordance with the terms of any applicable benefit plans and programs of the
Company.

                  (c) Notwithstanding the provisions of Section 3(b), in the
event that Executive executes and does not revoke a Release, upon such removal
or resignation, of any and all claims against the Company and all related
parties with respect to all matters arising out of Executive's employment by the
Company, or the termination thereof (other than claims for any entitlements
under the terms of this Agreement or under any plans or programs of the Company
under which Executive has accrued a benefit), Executive shall be entitled to
receive, in lieu of the payment described in Section 3(b), the following in
connection with Executive's Termination of Employment:

                           (i) Executive shall receive a lump sum cash payment
         equal to 2 times (x) Executive's Annual Base Salary in effect
         immediately before Executive's Termination of Employment (disregarding
         for this purpose any reduction in Executive's Annual Base Salary
         resulting in Good Reason for such Termination of Employment) and (y)
         the target bonus applicable to Executive as of the date on which
         Executive's Termination of Employment occurs. Payment shall be made
         within 30 days after the

                                       6
<PAGE>
         effective date of the termination (or the end of the revocation period
         for the Release, if later).

                           (ii) For a period of 24 months following the date of
         termination, Executive shall continue to receive the medical coverage
         in effect at the date of his termination (or comparable coverage) for
         himself and, where applicable, his spouse and dependents or, as an
         alternative, the Company may elect to pay Executive cash in lieu of
         such coverage in an amount equal to Executive's after-tax cost of
         continuing such coverage, where such coverage may not be continued (or
         where such continuation would adversely affect the tax status of the
         plan pursuant to which the coverage is provided). The COBRA health care
         continuation coverage period under section 4980B of the Code, shall run
         concurrently with the foregoing 18 month benefit period.

                           (iii) A pro rated bonus for the year in which
         Executive's Termination of Employment occurs, when declared by the
         Board based upon business goal achievement; provided: (i) if such
         termination occurs during calendar year 2001, such bonus shall be the
         sum of (1) one-half of a target bonus, plus (2) the greater of (w)
         one-half of a target bonus or (x) a pro rated bonus; and (ii) if such
         termination occurs during calendar 2002, such bonus shall be equal to
         the greater of (y) one-half of a target bonus or (z) a pro rated bonus.
         A pro rated bonus shall be based on the Executive's annual bonus for
         the year in which Executive's termination occurs, multiplied by a
         fraction, the numerator of which is the number of days during which
         Executive was employed by the Company in the year of his termination
         and the denominator of which is 365. Payment shall be made within 30
         days after the date of declaration by the Board (or the end of the
         revocation period for the Release, if later); provided, if such
         termination occurs during calendar 2001, such part of the bonus as
         equals one-half of a target bonus shall be paid to Executive within 30
         days after the effective date of the termination (or the end of the
         revocation period for the Release, if later).

                           (iv) All outstanding options held by Executive that
         have not previously become exercisable shall automatically accelerate
         and become fully exercisable. All of Executive's restricted stock, if
         any, shall become fully vested and payable. In addition, all
         outstanding options which are or have become exercisable shall remain
         exercisable for the remaining portion of the applicable option. All
         such options shall remain exercisable for at least 24 months following
         such termination or the remaining term of the option, whichever is
         shorter, and shall remain outstanding with respect to shares of Company
         stock or shall be assumed by the successor to the Company (with
         appropriate adjustment to reflect the terms of the transaction).

                           (v) Executive shall receive any amounts earned,
         accrued or owing but not yet paid to Executive as of the date of his
         Termination of Employment, payable in a lump sum, and any benefits
         accrued or earned in accordance with the terms of any applicable
         benefit plans and programs of the Company.

                                       7
<PAGE>
                           (vi) Any relocation expense reimbursement obligation
         shall be excused.

                  (d) In addition to the amount payable under subsection (c)
above, in the event that it shall be finally determined that any payment or
distribution by the Company to or for the benefit of Executive, whether paid or
payable or distributed or distributable pursuant to the terms of this Agreement
or otherwise (the "Payment"), would constitute an "excess parachute payment"
within the meaning of Section 280G of the Internal Revenue Code of 1986, as
amended (the "Code"), Executive shall be paid an additional amount (the
"Gross-Up Payment") such that the net amount retained by Executive after
deduction of any excise tax imposed under Section 4999 of the Code, and any
federal, state and local income and employment tax and excise tax imposed upon
the Gross-Up Payment shall be an amount such that the Executive will be in the
same after-tax position as if no excise tax under the Code had been imposed,
provided that the Gross-Up Payment results in an after-tax payment amount to the
Executive at least $5,000 greater than the Executive's after-tax position
without the Gross-Up Payment. In the event that the after-tax benefit would not
meet this threshold the Payment will be reduced in such amount as is reasonably
deemed necessary by the Company so that no excise tax is imposed. For purposes
of determining the amount of the Gross-Up Payment, Executive shall be deemed to
pay federal income tax and employment taxes at the highest marginal rate of
federal income and employment taxation in the calendar year in which the
Gross-Up Payment is to be made and state and local income taxes at the highest
marginal rate of taxation in the state and locality of Executive's residence
(or, if greater, the state and locality in which Executive is required to file a
nonresident income tax return with respect to the Payment) on the date of
termination, net of the maximum reduction in federal income taxes that may be
obtained from the deduction of such state and local taxes. All determinations to
be made under this Section 3(d) shall be made by a nationally recognized
independent public accountant selected by the Company immediately prior to the
Change in Control (which may be the Company's auditors) (the "Accounting Firm"),
which firm shall provide its determinations and any supporting calculations both
to the Company and Executive within ten days of Executive's termination date.
Any such determination by the Accounting Firm shall be binding upon the Company
and Executive for purposes of any dispute between the parties hereto. All fees
and expenses of the Accounting Firm in performing the determinations referred to
above shall be borne solely by the Company. As a result of uncertainty in the
application of Section 4999 of the Code at the time of the initial determination
by the Accounting Firm, it is possible that the Gross-Up Payment made will have
been an amount less than the Company should have paid pursuant to this Section
3(d) (the "Underpayment") or an amount greater than the Company should have paid
pursuant to this Section 3(d) (the "Overpayment"). In the event that it is
finally determined that an Underpayment exists and the Executive is required to
make a payment of any excise tax or related tax, the Gross-Up Payment shall be
adjusted accordingly and the shortfall shall be promptly paid by the Company to
Executive or for his benefit. In the event that it is finally determined that an
Overpayment exists and the Company paid a Gross-Up Payment to the Executive in
excess of the amount of the Gross-Up Payment to which he is actually entitled
hereunder, such excess shall be promptly reimbursed by the Executive to the
Company. The Company agrees to indemnify and hold harmless the Accounting Firm
of and from any and all claims, damages and expenses resulting from or relating
to its determinations pursuant to this

                                       8
<PAGE>
Section 3(d), except for claims, damages or expenses resulting from the gross
negligence or willful misconduct of the Accounting Firm.

         4.       Other Payments.

                  (a) The payment due under Sections 2 and 3 hereof shall be in
addition to and not in lieu of any payments or benefits due to Executive under
any other plan, policy or program of the Company except that no cash payments
shall be paid to Executive under the Company's then current severance pay
policies.

                  (b) Determination of Cause Post-Termination. In the event
that, prior to a Change of Control (and not in anticipation of such Change of
Control) the Company reasonably determines, after Executive's employment with
Company has terminated, that Executive, during his period of employment engaged
in activity which, had it been discovered during Executive's period of
employment, would have constituted grounds for termination of Executive's
employment for Cause only under Sections 1(c)(ii) and 1(c)(iii), and after the
notice and contest provisions of the Section 1(c) have been fully afforded to
Executive, then (a) the Company's obligations to make any further payments to
Executive under this Agreement shall immediately cease; and (b) Executive's
rights to exercise any stock options or to retain restricted stock shall
immediately terminate.

         5. Enforcement. In the event that the Company shall fail or refuse to
make payment of any amounts due Executive under Sections 2, 3 and 4 hereof, upon
written request of the Executive, the Company shall pay to Executive, in
addition to the payment of any other sums provided in this Agreement, interest
at the prime rate published from time to time in the Wall Street Journal plus
three (3) percentage points, compounded daily, on any amount remaining unpaid
fifteen (15) days following receipt of such demand, until paid to Executive.

         6. Non-exclusivity of Rights. Except as provided in Sections 2 and 3,
nothing in this Agreement shall prevent or limit Executive's continuing or
future participation in or rights under any benefit, bonus, incentive or other
plan or program provided by the Company or any of its subsidiaries or affiliates
and for which Executive may qualify.

         7. Taxes. All payments required under this Agreement shall be subject
to applicable federal (including FICA), state and local tax withholding
requirements. The Company shall have the right to deduct from all amounts paid
in cash, or from other wages paid to the Grantee, any federal, state or local
taxes required by law to be withheld with respect to such payments. Any payment
required under this Agreement shall be subject to all requirements of the law
with regard to the filing, making of reports and the like, and the Company shall
use its best efforts to satisfy promptly all such requirements.

         8. Confidential Information and Other Covenants.

                  (a) Executive recognizes and acknowledges that, by reason of
his employment by and service to the Company, he has had and will continue to
have access to confidential

                                       9
<PAGE>
information of the Company and its affiliates, including, without limitation,
information and knowledge pertaining to products and services offered,
innovations, designs, ideas, plans, trade secrets, proprietary information,
distribution and sales methods and systems, sales and profit figures, customer
and client lists, and relationships between the Company and its affiliates and
other distributors, customers, clients, suppliers and others who have business
dealings with the Company and its affiliates, other than such information that
is in the public domain through no fault of Executive or except as may be
required by law or in a judicial or administrative proceeding, ("Confidential
Information"). Executive acknowledges that such Confidential Information is a
valuable and unique asset and covenants that he will not, either during or after
his employment by the Company, disclose any such Confidential Information to any
person for any reason whatsoever without the prior written authorization of the
Board.

                  (b) Executive hereby agrees that for a period of one (1) year
after termination of his employment for any reason (or for no reason) he will
not: (i) directly, or by any other person under his direct supervision or
control in bad faith indirectly, solicit, entice, induce any customer of the
Company to become a client, customer, distributor, licensor, licensee or
reseller of any other person, firm or corporation with respect to products
and/or services then sold or under development by the Company or to cease doing
business as a vendor or supplier of the Company or to cease doing business with
the Company, or (ii) directly or by any other person under his direct
supervision or control in bad faith indirectly solicit, recruit or hire any
employee of the Company to work for a third party other than the Company or
engage in any activity that would cause any employee to violate any agreement
with the Company. Any action taken by any person or company, unless authorized
or knowingly approved by Executive (where such approval would be required), will
not be deemed to be action taken by Executive. In the event of any inconsistency
between the terms and provisions of this Section 8(b) and the terms and
provisions of Section 4.2 of the Restrictive Covenant Agreement identified in
Schedule A, the terms and provisions of this Section 8(b) shall control.

                  (c) The Restrictive Covenant Agreement identified in Schedule
A is amended at Section 4.1: The words "or Good Reason" are added to follow the
words "without Cause" each place where "without Cause" appears, and for such
purpose "Cause" and "Good Reason" shall have the meaning set forth in this
Severance and Change in Control Agreement.

         9.       Equitable Relief.

                  (a) Executive acknowledges that the restrictions contained in
Section 8 hereof are reasonable and necessary to protect the legitimate
interests of the Company and its affiliates, that the Company would not have
entered into this Agreement in the absence of such restrictions, and that any
violation of any provision of those Sections will result in irreparable injury
to the Company. Executive further represents and acknowledges that (i) he has
been advised by the Company to consult his own legal counsel in respect of this
Agreement, and (ii) that he has had full opportunity, prior to execution of this
Agreement, to review thoroughly this Agreement with his counsel.

                                       10
<PAGE>
                  (b) Executive agrees that the Company shall be entitled to
preliminary and permanent injunctive relief, without the necessity of proving
actual damages, as well as an equitable accounting of all earnings, profits and
other benefits arising from any material violation of Section 8 hereof, which
rights shall be cumulative and in addition to any other rights or remedies to
which the Company may be entitled. In the event that any of the provisions of
Section 8 hereof should ever be adjudicated to exceed the time, geographic,
service, or other limitations permitted by applicable law in any jurisdiction,
then such provisions shall be deemed reformed in such jurisdiction to the
maximum time, geographic, service, or other limitations permitted by applicable
law.

                  (c) Executive irrevocably and unconditionally (i) agrees that
any suit, action or other legal proceeding arising out of Section 8 hereof,
including without limitation, any action commenced by the Company for
preliminary and permanent injunctive relief or other equitable relief, may be
brought in the United States District Court for the Eastern District of
Pennsylvania, or if such court does not have jurisdiction or will not accept
jurisdiction, in any court of general jurisdiction in Pennsylvania, (ii)
consents to the non-exclusive jurisdiction of any such court in any such suit,
action or proceeding, and (iii) waives any objection which Executive may have to
the laying of venue of any such suit, action or proceeding in any such court.
Executive also irrevocably and unconditionally consents to the service of any
process, pleadings, notices or other papers in a manner permitted by the notice
provisions of Section 13 hereof.

                  (d) The Company represents and warrants that, except as set
forth in this Agreement and as set forth in Schedule A included in this
Agreement, there are no other plans or other agreements to which the Executive
may be subject that impose any covenants restricting Executive's conduct after
any termination of his employment.

         10. Term of Agreement. This Agreement shall continue in full force and
effect until December 31, 2005, subject to the provisions of Section 2 and
Section 3. Such initial term of Executive's employment shall be extended for
successive one-year terms thereafter unless, at least 120 days prior to the end
of any such term, either Executive or the Company notifies the other of
Executive's termination of employment effective the last day of such term. The
initial Term and each successive one-year term thereafter shall be collectively
referred to as the "Term" hereunder.

         11. Non-Disclosure of Terms of Agreement.

                  (a) To the extent that the terms of this Agreement are not
made public pursuant to applicable laws and regulations, the Parties agree not
to disclose the terms, contents or execution of the Agreement except in the
following circumstances:

                           (i) Executive may disclose the terms of this
         Agreement to his counsel and/or immediate family, so long as such
         person(s) agrees to be bound by the confidential nature of this
         Agreement;

                                       11
<PAGE>
                           (ii) The Parties may disclose the terms of this
         Agreement to (i) their tax advisors and accountants so long as such tax
         advisors and accountants agree to be bound by the confidential nature
         of this Agreement or (ii) taxing authorities so long as the disclosing
         party advises such taxing authority of the confidential nature of this
         Agreement;

                           (iii) Pursuant to the order of a court or
         governmental agency of competent jurisdiction, or for purposes of
         securing enforcement of the terms and conditions of this Agreement; and

                           (iv) The Parties may disclose the terms of this
         Agreement as may be appropriate in connection with subparagraph (b)
         below.

                  (b) The terms of this Agreement, the claims that have been or
could have been raised against the Company as of the date of execution of this
Agreement, and the facts and circumstances underlying any such claims shall not
be admissible in any litigation, arbitration or proceeding in any forum for any
purpose other than to secure enforcement of the terms and conditions of this
Agreement, except as required by law.

                  (c) The Company and Executive both agree that they will not
disparage, criticize or otherwise speak of each other in an unflattering way
during the Term and thereafter.

         12. Successor Company. The Company shall require any successor or
successors (whether direct or indirect, by purchase, merger, consolidation or
otherwise) to all or substantially all of the business and/or assets of the
Company, by agreement in form and substance satisfactory to Executive, promptly
to acknowledge expressly and in writing that this Agreement is binding upon and
enforceable against the Company in accordance with the terms hereof, and to
become jointly and severally obligated with the Company to perform this
Agreement in the same manner and to the same extent that the Company would be
required to perform if no such succession or successions had taken place.
Failure of the Company to obtain such agreement prior to the effectiveness of
any such succession shall be a material breach of this Agreement. As used in
this Agreement, the Company shall mean the Company as herein before defined and
any such successor or successors to its business and/or assets, jointly and
severally.

         13. Notice. All notices and other communications required or permitted
hereunder or necessary or convenient in connection herewith shall be in writing
and shall be delivered personally or mailed by registered or certified mail,
return receipt requested, or by overnight express courier service, as follows:

                  If to the Company, to:
                               Internet Capital Group, Inc.
                               435 Devon Park Drive
                               Wayne, PA 19087

                                       12
<PAGE>
                               Tel: 610-989-0111
                               Fax: 610-989-0112

                  If to Executive, to:

                               Edward H. West
                               527 St. David's Ave.
                               St. David's, PA  19087
                               Tel: 610-999-2153

or to such other names or addresses as the Company or Executive, as the case may
be, shall designate by notice to the other Parties hereto in the manner
specified in this Section; provided, however, that if no such notice is given by
the Company following a Change in Control, notice at the last address of the
Company or to any successor pursuant to Section 13 hereof shall be deemed
sufficient for the purposes hereof. Any such notice shall be deemed delivered
and effective when received in the case of personal delivery, five days after
deposit, postage prepaid, with the U.S. Postal Service in the case of registered
or certified mail, or on the next business day in the case of overnight express
courier service.

         14. Governing Law. This Agreement shall be governed by and interpreted
under the laws of the Commonwealth of Pennsylvania without giving effect to any
conflict of laws provisions.

         15. No Mitigation. Executive shall not be required to mitigate the
amount of any payment provided for in this Agreement by seeking other employment
or otherwise and no such payment shall be offset or reduced by the amount of any
compensation or benefits provided to the Executive in any subsequent employment.

         16. Indemnification. Executive shall be indemnified while serving as
Chief Financial Officer to the same extent and in the same manner as other
senior executives of the Company.

         17. Contents of Agreement, Amendment and Assignment.

                  (a) This Agreement supersedes all prior agreements, sets forth
the entire understanding between the Parties hereto with respect to the subject
matter hereof and cannot be changed, modified, extended or terminated except
upon written amendment executed by Executive and executed on the Company's
behalf by a duly authorized officer; provided, that certain employment letter
agreement between the Company and you, dated August 7, 2000, shall not be so
superseded, except in respect of the terms titled "Severance" and "Restrictive
Covenant Agreement" thereunder. The provisions of this Agreement may provide for
payments to Executive under certain compensation or bonus plans under
circumstances where such plans would not provide for payment thereof. It is the
specific intention of the Parties that the provisions of this Agreement shall
supersede any provisions to the contrary in such plans, and

                                       13
<PAGE>
such plans shall be deemed to have been amended to correspond with this
Agreement without further action by the Company or the Board.

                  (b) Nothing in this Agreement shall be construed as giving
Executive any right to be retained in the employ of the Company, or as changing
or modifying the "at will" nature of Executive's employment status.

                  (c) All of the terms and provisions of this Agreement shall be
binding upon and inure to the benefit of and be enforceable by the respective
heirs, representatives, successors and assigns of the Parties hereto, except
that the duties and responsibilities of Executive and the Company hereunder
shall not be assignable in whole or in part by the Company. If Executive should
die after a Termination Upon a Change in Control and while any amount payable
hereunder would still be payable to Executive hereunder if Executive had
continued to live, all such amounts, unless otherwise provided herein, shall be
paid in accordance with the terms of this Agreement to Executive's devisees,
legatees or other designees or, if there is no such designee, to Executive's
estate.

         18. Severability. If any provision of this Agreement or application
thereof to anyone or under any circumstances shall be determined to be invalid
or unenforceable, such invalidity or unenforceability shall not affect any other
provisions or applications of this Agreement which can be given effect without
the invalid or unenforceable provision or application.

         19. Remedies Cumulative. No right conferred upon Executive by this
Agreement is intended to be exclusive of any other right or remedy, and each and
every such right or remedy shall be cumulative and shall be in addition to any
other right or remedy given hereunder or now or hereafter existing at law or in
equity.

         20. Miscellaneous. All section headings are for convenience only. This
Agreement may be executed in several counterparts, each of which is an original.
It shall not be necessary in making proof of this Agreement or any counterpart
hereof to produce or account for any of the other counterparts.

         IN WITNESS WHEREOF, the undersigned, intending to be legally bound,
have executed this Agreement as of the date first above written.

                                      INTERNET CAPITAL GROUP, INC.

Attest: /s/ Penny L. Stoker          By:   /s/ Stephen M. Prichard
       --------------------------        ----------------------------------

                                      Its: Managing Director, Human Resources
                                         ------------------------------------

/s/ Angie Ficco                          /s/ Edward H. West
--------------------------               -----------------------------------
Witness                                  EXECUTIVE

                                       14
<PAGE>
                                    Exhibit A

                                     Release

         THIS RELEASE is made as of this ___ day of __________, ____, by and
between Internet Capital Group, Inc. (the "Company") and Edward H. West
("Executive").

         WHEREAS, Executive and the Company entered into that certain Severance
and Change in Control Agreement, dated _______________, 2001 ("Agreement");

         WHEREAS, Executive's employment with the Company as Chief Financial
Officer has terminated;

         WHEREAS, in connection with the termination of Executive's employment,
under the Agreement, Executive is entitled to certain payments and other
benefits.

         NOW, THEREFORE, in consideration of the payments and other benefits due
Executive under the Agreement:

         1. Executive, intending to be legally bound, does hereby REMISE,
RELEASE AND FOREVER DISCHARGE the Company, its affiliates, subsidiaries,
parents, joint ventures, and its officers, directors, shareholders, employees,
and agents, and its and their respective successors and assigns, heirs,
executors, and administrators (collectively, "Releasees") from all causes of
action, suits, debts, claims and demands whatsoever in law or in equity, which
Executive ever had, now has, or hereafter may have, or which his heirs,
executors, or administrators may have, by reason of any matter, cause or thing
whatsoever, from the beginning of his initial dealings with the Company to the
date of this Release, and particularly, but without limitation of the foregoing
general terms, any claims arising from or relating in any way to his employment
relationship with Company, the terms and conditions of that employment
relationship, and the termination of that employment relationship, including,
but not limited to, any claims arising under the Age Discrimination in
Employment Act ("ADEA"), as amended, 29 U.S.C. Section 621 et seq., Title VII of
The Civil Rights Act of 1964, as amended, 42 U.S.C. Section 2000e et seq., the
Americans with Disabilities Act, 42 U.S.C. Section 12101 et seq., the Family and
Medical Leave Act of 1993 ("FMLA"), 29 U.S.C. Section 2601 et seq., the Employee
Retirement Income Security Act of 1974 ("ERISA"), 29 U.S.C. Section 1001 et
seq., Pennsylvania Human Relations Act, and any other claims under any federal,
state or local common law, statutory, or regulatory provision, now or hereafter
recognized, and any claims for attorneys' fees and costs, but not including such
claims to payments, benefits and other rights provided Executive under the
Agreement. This Release is effective without regard to the legal nature of the
claims raised and without regard to whether any such claims are based upon tort,
equity, implied or express contract or discrimination of any sort. Except as
specifically provided herein, it is expressly understood and agreed that this
Agreement shall operate as a clear and unequivocal waiver by Employee of any
claim for accrued or unpaid wages, benefits or any other type of payment.
<PAGE>
         2. Executive further agrees and recognizes that he has permanently and
irrevocably severed his employment relationship with the Company, that he shall
not seek employment with the Company or any affiliated entity at any time in the
future, and that the Company has no obligation to employ him in the future.

         3. Executive represents that he does not have in his possession any
records and business documents, whether on computer or hard copy, and other
materials (including but not limited to computer disks and tapes, computer
programs and software, office keys, correspondence, files, customer lists,
technical information, customer information, pricing information, business
strategies and plans, sales records and all copies thereof) (collectively, the
"Corporate Records") provided by the Company and/or its predecessors,
subsidiaries or affiliates or obtained as a result of his prior employment with
the Company and/or its predecessors, subsidiaries or affiliates, or created by
Executive while employed by or rendering services to the Company and/or its
predecessors, subsidiaries or affiliates. Executive acknowledges that all such
Corporate Records are the property of the Company. In addition, Executive shall
promptly return in good condition any and all beepers, credit cards, cellular
telephone equipment, business cards and computers. As of the date of Executive's
termination of employment, the Company will make arrangements to remove,
terminate or transfer any and all business communication lines including network
access, cellular phone, fax line and other business numbers.

         4. The parties agree and acknowledge that the Agreement, and the
settlement and termination of any asserted or unasserted claims against the
Releasees pursuant to the Agreement, are not and shall not be construed to be an
admission of any violation of any federal, state or local statute or regulation,
or of any duty owed by any of the Releasees to Executive.

         5. Executive certifies and acknowledges as follows:

                  (a) That he has read the terms of this Release, and that he
understands its terms and effects, including the fact that he has agreed to
RELEASE AND FOREVER DISCHARGE all Releasees from any legal action or other
liability of any type related in any way to the matters released pursuant to
this Agreement other than as provided in the Agreement and in this Release;

                  (b) That he has signed this Release voluntarily and knowingly
in exchange for the consideration described herein, which he acknowledges is
adequate and satisfactory to him and which he acknowledges is in addition to any
other benefits to which he is otherwise entitled;

                  (c) That he has been and is hereby advised in writing to
consult with an attorney prior to signing this Release;

                  (d) That he does not waive rights or claims that may arise
after the date this Release is executed;
<PAGE>
                  (e) That the Company has provided him with a period of
twenty-one (21) days within which to consider this Release, and that Executive
has signed on the date indicated below after concluding that this Release is
satisfactory to him.

                            [SIGNATURE PAGE FOLLOWS]
<PAGE>
Intending to be legally bound hereby, Executive and the Company executed the
foregoing Release this ______ day of _________, ____.

                                     Witness:
----------------------------------           -----------------------------------
Edward H. West
INTERNET CAPITAL GROUP, INC.

By:                                  Witness:
        --------------------------           -----------------------------------

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

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