Document:

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                                                                   EXHIBIT 10.7

                               UGI CORPORATION

                     2002 NON-QUALIFIED STOCK OPTION PLAN

                  AMENDED AND RESTATED AS OF APRIL 29, 2003

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                              TABLE OF CONTENTS

Section Number                                                            Page

1.    Purpose and Design..............................................      1
2.    Definitions.....................................................      1
3.    Maximum Number of Shares Available for Options..................      2
4.    Duration of the Plan............................................      3
5.    Administration..................................................      3
6.    Eligibility.....................................................      3
7.    Options.........................................................      3
8.    Non-Transferability.............................................      6
9.    Consequences of a Change of Control.............................      6
10.   Adjustment of Number and Price of Shares, Etc...................      7
11.   Limitation of Rights............................................      7
12.   Amendment or Termination of Plan................................      7
13.   Tax Withholding.................................................      8
14.   Governmental Approval...........................................      8
15.   Effective Date of Plan..........................................      8
16.   Successors......................................................      8
17.   Headings and Captions...........................................      8
18.   Governing Law...................................................      8

                                      (i)

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                               UGI CORPORATION

                     2002 NON-QUALIFIED STOCK OPTION PLAN
                  AMENDED AND RESTATED AS OF APRIL 29, 2003

1.    PURPOSE AND DESIGN

      The purpose of this Plan is to assist the Company in securing,
motivating and retaining managerial talent by affording managers and other
key Employees an opportunity to purchase the Company's Stock under options.

2.    DEFINITIONS

      Whenever used in this Plan, the following terms will have the respective
meanings set forth below:

         2.01     "Board" means UGI's Board of Directors as constituted from
time to time.

         2.02     "Change of Control" means a change of control as defined in
a change of control agreement between a Participant's respective employer and
certain of its employees.

         2.03     "Committee" means the Compensation and Management
Development Committee of the Board or its successor.

         2.04     "Company" means UGI Corporation, a Pennsylvania
corporation, any successor thereto and any Subsidiary.

         2.05     "Date of Grant" means the effective date of an Option
grant; provided, however, that no retroactive grants will be made.

         2.06     "Employee" means a regular full-time salaried employee
(including officers and directors who are also employees) of the Company.

         2.07     "Fair Market Value" of Stock means the average, rounded to
the next highest cent ($0.01), of the highest and lowest sales prices thereof
on the New York Stock Exchange on the day on which Fair Market Value is being
determined, as reported on the Composite Tape for transactions on the New
York Stock Exchange. Notwithstanding the foregoing, in the case of a cashless
exercise pursuant to Section 7.4, the Fair Market Value will be the actual
sale price of the shares issued upon exercise of the Option. In the event
that there are no Stock transactions on the New York Stock Exchange on such
day, the Fair Market Value will be determined as of the immediately preceding
day on which there were Stock transactions on that exchange.

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         2.08     "Option" means the right to purchase Stock pursuant to the
relevant provisions of this Plan at the Option Price for a specified period
of time, not to exceed ten years from the Date of Grant, which period of time
will be subject to earlier termination prior to exercise in accordance with
Section 7.3(b) of this Plan.

         2.09     "Option Price" means an amount per share of Stock
purchasable under an Option designated by the Committee on the Date of Grant
of an Option to be payable upon exercise of such Option. The Option Price
will not be less than 100% of the Fair Market Value of the Stock determined
on the Date of Grant.

         2.10     "Participant" means an Employee designated by the Committee
to participate in the Plan.

         2.11     "Plan" means this 2002 Non-Qualified Stock Option Plan.

         2.12     "Stock" means the Common Stock of UGI or such other
securities of UGI as may be substituted for Stock or such other securities
pursuant to Section 13.

         2.13     "Subsidiary" means any corporation or partnership, at least
20% of the outstanding voting stock, voting power or partnership interest of
which is owned respectively, directly or indirectly, by the Company.

         2.14     "Termination without Cause" means termination for the
convenience of the Company for any reason other than (i) misappropriation of
funds, (ii) habitual insobriety or substance abuse, (iii) conviction of a
crime involving moral turpitude, or (iv) gross negligence in the performance
of duties, which gross negligence has had a material adverse effect on the
business, operations, assets, properties or financial condition of the
Company. The Committee will have the sole discretion to determine whether a
significant reduction in the duties and responsibilities of a Participant
will constitute a Termination without Cause.

         2.15     "UGI" means UGI Corporation, a Pennsylvania corporation or
any successor thereto.

3.    MAXIMUM NUMBER OF SHARES AVAILABLE FOR OPTIONS

      The number of shares of Stock which may be made the subject of Options
under this Plan may not exceed 750,000 in the aggregate (after giving
retroactive effect to the 3-for-2 Stock split distributed April 1, 2003),
subject, however, to the adjustment provisions of Section 13. If any Option
expires or terminates for any reason without having been exercised in full,
the unpurchased shares subject to the Option will again be available for the
purposes of the Plan. Shares which are the subject of Options may be
previously issued and outstanding shares of Stock reacquired by the Company
and held in its treasury, or may be authorized but unissued shares of Stock,
or may be a combination of both.

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4.    DURATION OF THE PLAN

      The Plan will remain in effect until all Stock subject to it has been
transferred to Participants or all Options have terminated or been exercised.
Notwithstanding the foregoing, no Option may be granted after December 31,
2011.

5.    ADMINISTRATION

      The Plan will be administered by the Committee. Subject to the express
provisions of the Plan, the Committee will have authority, in its complete
discretion, to determine the Employees to whom, and the time or times at
which grants will be made. In making such determinations, the Committee may
take into account the nature of the services rendered by an Employee, the
present and potential contributions of the Employee to the Company's success
and such other factors as the Committee in its discretion deems relevant.
Awards under a particular Section of the Plan need not be uniform as among
Participants. Subject to the express provisions of the Plan, the Committee
will also have authority to construe and interpret the Plan, to prescribe,
amend and rescind rules and regulations relating to it, to determine the
terms and provisions of the respective stock option agreements required by
Section 7.2 of the Plan, and to make all other determinations (including
factual determinations) necessary or advisable for the orderly administration
of the Plan. All ministerial functions, in addition to those specifically
delegated elsewhere in the Plan, shall be performed by a committee comprised
of Company employees ("Administrative Committee") appointed by the
Committee.  A stock option agreement, as discussed below, shall be executed
by each Participant receiving a grant under the Plan and shall constitute
that Participant's acknowledgement and acceptance of the terms of the Plan
and the Committee's authority and discretion.

6.    ELIGIBILITY

      Grants hereunder may be made only to managers and key Employees, other
than executive officers, as defined in the Securities Exchange Act of 1934,
as amended, of UGI Corporation, who are selected by the Committee, in its
sole discretion, to participate in the Plan.

7.    OPTIONS

      7.1   Grant of Options. Subject to the provisions of Sections 2.09 and
3: (i) Options may be granted to Participants at any time and from time to
time as may be determined by the Committee; and (ii) the Committee will have
complete discretion in determining the Options to be granted, the number of
shares of Stock to be subject to each Option, the Option Price to be paid for
the shares upon the exercise of each Option, the period within which each
Option may be exercised, and the vesting schedule associated with the Option.

      7.2   Option Agreement. As determined by the Committee on the Date of
Grant, each Option will be evidenced by a stock option agreement that will,
among other things, specify the Date of Grant, the Option Price, the duration
of the Option, the number of shares of Stock to which the Option pertains and
the Option's vesting schedule.

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      7.3   Exercise and Vesting.

            (a)   Except as otherwise specified by the Committee in the stock
option agreement, the Option shall become exercisable in equal one-third
(1/3) installments on the first, second and third anniversaries of the Date
of Grant. Notwithstanding the foregoing, in the event that any such Options
are not by their terms immediately exercisable, the Committee may accelerate
the exercisability of any or all outstanding Options at any time for any
reason. No Option will be exercisable on or after the tenth anniversary of
the Date of Grant.

            (b)   Except as otherwise specified by the Committee, in the
event that a Participant holding an Option ceases to be an Employee, the
Options held by such Participant will terminate on the date such Participant
ceases to be an Employee. The Committee will have authority to determine
whether an authorized leave of absence or absence on military or governmental
service will constitute a termination of employment for the purposes of this
Plan. However, if a Participant holding an Option ceases to be an Employee by
reason of (i) Termination without Cause, (ii) retirement, (iii) disability,
or (iv) death, the Option held by any such Participant will thereafter become
exercisable pursuant to the following:

               (i) Termination Without Cause. If a Participant terminates
employment on account of a Termination without Cause, the Option held by such
Participant will thereafter be exercisable only with respect to that number
of shares of Stock with respect to which it is already exercisable on the
date such Participant ceases to be an Employee; and such Option will
terminate upon the earlier of the expiration date of the Option or the
expiration of the 13 month period commencing on the date such Participant
ceases to be an Employee.

               (ii) Retirement. If a Participant terminates employment on
account of a retirement under the Company's retirement plan applicable to
that Participant, the Option held by such Participant will thereafter become
exercisable as if such Participant had remained employed by the Company for
36 months after the date of such retirement; and such Option will terminate
upon the earlier of the expiration date of the Option or the expiration of
such 36 month period. Retirement for Employees of AmeriGas Propane, Inc.
("API") means termination of employment with API after attaining age 55 with
ten or more years of service with API and its affiliates.

               (iii) Disability. If a Participant is determined to be
"disabled" (as defined under the Company's long-term disability plan), the
Option held by such Participant will thereafter become exercisable as if such
Participant had remained employed by the Company for 36 months after the date
of such disability; and such Option will terminate upon the earlier of the
expiration date of the Option or the expiration of such 36 month period.

               (iv) Death. In the event of the death of a Participant while
employed by the Company, the Option theretofore granted to such Participant
will be fully and immediately exercisable (to the extent not otherwise
exercisable by its terms) at any time prior to the earlier of the expiration
date of the Option or the expiration of the 12 month period following the
Participant's death. Death of a Participant after such Participant has ceased
to be employed by the

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Company will not affect the otherwise applicable period for exercise of the
Option determined pursuant to Sections 7.3(b)(i), 7.3(b)(ii) or 7.3(b)(iii).
Such Option may be exercised by the estate of the Participant, by any person to
whom the Participant may have bequeathed the Option, any person the Participant
may have designated to exercise the same under the Participant's last will, or
by the Participant's personal representatives if the Participant has died
intestate.

            (c)   Notwithstanding anything contained in this Section 7.3,
with respect to the number of shares of Stock subject to an Option with
respect to which such Option is or is to become exercisable, no Option, to
the extent that it has not previously been exercised, will be exercisable
after it has terminated, including without limitation, after any termination
of such Option pursuant to Section 7.3(b) hereof.

      7.4   Payment. The Option Price of any Option will be payable to the
Company in full (i) in cash or its equivalent, (ii) by tendering shares of
previously acquired Stock already beneficially owned by the Participant for
more than one year and having a Fair Market Value at the time of exercise
equal to the Option Price being paid thereby, (iii) by payment through a
broker in accordance with procedures permitted by Regulation T of the Federal
Reserve Board, (iv) by such other method as the Committee may approve, or (v)
by a combination of (i), (ii), (iii) and/or (iv). The cash proceeds from such
payment will be added to the general funds of the Company and will be used
for its general corporate purposes.

      7.5   Written Notice. A Participant wishing to irrevocably exercise an
Option must give irrevocable written notice to the Company in the form and
manner prescribed by the Administrative Committee, indicating the date of
award, the number of shares as to which the Option is being exercised, and
such other information as may be required by the Administrative Committee.
Full payment for the shares pursuant to the option must be received by the
time specified by the Committee depending on the type of payment being made
but, in all cases, prior to the issuance of the shares.  Except as provided
in Section 7.3(b), no Option may be exercised at any time unless the
Participant is then an Employee of the Company.

      7.6   Issuance of Stock. As soon as practicable after the receipt of
irrevocable written notice and payment, the Company will, without stock
transfer taxes to the Participant or to any other person entitled to exercise
an Option pursuant to this Plan, deliver to, or credit electronically on
behalf of, the Participant, the Participant's designee or such other person
the requisite number of shares of Stock.

      7.7   Privileges of a Shareholder. A Participant or any other person
entitled to exercise an Option under this Plan will have no rights as a
shareholder with respect to any Stock covered by the Option until the due
exercise of the Option and issuance of such Stock.

      7.8   Partial Exercise. An Option granted under this Plan may be
exercised as to any lesser number of shares than the full amount for which it
could be exercised. Such a partial exercise of an Option will not affect the
right to exercise the Option from time to time in accordance with this Plan
as to the remaining shares subject to the Option.

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8.    NON-TRANSFERABILITY

      No Option granted under the Plan will be transferable otherwise than by
will or the laws of descent and distribution, and an Option may be exercised,
during the lifetime of the Participant, only by the Participant.

9.    CONSEQUENCES OF A CHANGE OF CONTROL

      9.1   Notice and Acceleration. Upon a Change of Control, unless the
Committee determines otherwise, (i) the Company will provide each Participant
with outstanding grants written notice of such Change of Control, and (ii)
all outstanding Options will automatically accelerate and become fully
exercisable.

      9.2   Assumption of Grants. Upon a Change of Control 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 that are not exercised will be assumed by, or replaced with
comparable options or rights by, the surviving corporation (or a parent of
the surviving corporation).

      9.3   Other Alternatives. Notwithstanding the foregoing, subject to
Section 9.4 below, in the event of a Change of Control, the Committee may
take any of the following actions with respect to any or all outstanding
Options: the Committee may (i) require that Participants surrender their
outstanding Options in exchange for a payment by the Company, in cash or
Stock as determined by the Committee, in an amount equal to the amount by
which the then Fair Market Value of the shares of Stock subject to the
Participant's unexercised Options exceeds the Option Price of the Options, as
applicable, or (ii) after giving Participants an opportunity to exercise
their outstanding Options, terminate any or all unexercised Options at such
time as the Committee deems appropriate. Such surrender, termination or
settlement will take place as of the date of the Change of Control or such
other date as the Committee may specify.

      9.4   Committee. The Committee making the determinations under this
Section 9 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
Sections 9.1 and 9.2 will apply, and the Committee will not have discretion
to vary them.

      9.5   Limitations. Notwithstanding anything in the Plan to the
contrary, in the event of a Change of Control, the Committee will not have
the right to take any actions described in the Plan (including without
limitation actions described in this Section 9) 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 accounting 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.

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10.   ADJUSTMENT OF NUMBER AND PRICE OF SHARES, ETC.

      Notwithstanding anything to the contrary in this Plan, in the event any
recapitalization, reorganization, merger, consolidation, spin-off,
combination, repurchase, exchange of shares or other securities of UGI, stock
split or reverse split, extraordinary dividend, liquidation, dissolution,
significant corporate transaction (whether relating to assets or stock)
involving UGI, or other extraordinary transaction or event affects Stock such
that an adjustment is determined by the Committee to be appropriate in order
to prevent dilution or enlargement of Participants' rights under the Plan,
then the Committee may, in a manner that is equitable, adjust (i) any or all
of the number or kind of shares of Stock reserved for issuance under the
Plan, (ii) the maximum number of shares of Stock which may be the subject of
grants to any one individual in any calendar year, (iii) the number or kind
of shares of Stock to be subject to grants of Options thereafter granted
under the Plan, (iv) the number and kind of shares of Stock issuable upon
exercise of outstanding Options, and (v) the Option Price per share thereof,
provided that the number of shares subject to any Option will always be a
whole number. Any such determination of adjustments by the Committee will be
conclusive for all purposes of the Plan and of each Option, whether a stock
option agreement with respect to a particular Option has been theretofore or
is thereafter executed.

11.   LIMITATION OF RIGHTS

      Nothing contained in this Plan shall be construed to give an Employee
any right to be granted an Option hereunder except as may be authorized in
the discretion of the Committee. The granting of an Option under this Plan
shall not constitute or be evidence of any agreement or understanding,
expressed or implied, that the Company will employ a Participant for any
specified period of time, in any specific position or at any particular rate
of remuneration.

12.   AMENDMENT OR TERMINATION OF PLAN

      Subject to Board approval, the Committee may at any time, and from time
to time, alter, amend, suspend or terminate this Plan without the consent of
the Company's shareholders or Participants, except that any such alteration,
amendment, suspension or termination will be subject to the approval of the
Company's shareholders within one year after such Committee and Board action
if such shareholder approval is required by any federal or state law or
regulation or the rules of any stock exchange or automated quotation system
on which the Stock is then listed or quoted, or if the Committee in its
discretion determines that obtaining such shareholder approval is for any
reason advisable. No termination or amendment of this Plan may, without the
consent of the Participant to whom any Option has previously been granted,
adversely affect the rights of such Participant under such Option.
Notwithstanding the foregoing, the Administrative Committee may make minor
amendments to this Plan which do not materially affect the rights of
Participants or significantly increase the cost to the Company.

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13.   TAX WITHHOLDING

      Upon exercise of any Option under this Plan, the Company will require
the recipient of the Stock to remit to the Company an amount sufficient to
satisfy federal, state and local withholding tax requirements. However, to
the extent authorized by rules and regulations of the Administrative
Committee, the Company may withhold or receive Stock and make cash payments
in respect thereof in satisfaction of a recipient's tax obligations in an
amount that does not exceed the recipient's minimum applicable withholding
tax obligations. In the event the Company receives Stock in satisfaction of a
recipient's minimum applicable withholding tax obligations, the Stock must
have been held by the recipient for more than six months.

14.   GOVERNMENTAL APPROVAL

      Each Option will be subject to the requirement that if at any time the
listing, registration or qualification of the shares covered thereby upon any
securities exchange, or under any state or federal law, or the consent or
approval of any governmental regulatory body, is necessary or desirable as a
condition of or in connection with the granting of such Option or the
purchase of shares thereunder, no such Option may be exercised in whole or in
part unless and until such listing, registration, qualification, consent or
approval has been effected or obtained free of any conditions not acceptable
to the Board.

15.   EFFECTIVE DATE OF PLAN

      This Plan will become effective as of January 1, 2002.

16.   SUCCESSORS

      This Plan will be binding upon and inure to the benefit of the Company,
its successors and assigns and the Participant and his heirs, executors,
administrators and legal representatives.

17.   HEADINGS AND CAPTIONS

      The headings and captions herein are provided for reference and
convenience only, shall not be considered part of the Plan, and shall not be
employed in the construction of the Plan.

18.   GOVERNING LAW

      The validity, construction, interpretation and effect of the Plan and
option agreements issued under the Plan will be governed exclusively by and
determined in accordance with the law of the Commonwealth of Pennsylvania.

                                       8<PAGE>

                                                                    EXHIBIT 10.1

                                                                  EXECUTION COPY

                    SEVERANCE AND CHANGE IN CONTROL AGREEMENT

         THIS SEVERANCE AND CHANGE IN CONTROL AGREEMENT is made effective as of
the 1st day of January, 2003 by and between ICG Commerce, Inc., a Pennsylvania
corporation (the "Company"), with its principal office at 610 Old York Road,
Suite 300, Jenkintown, PA 19046 and Edward H. West ("Executive").

         WHEREAS, Executive is currently serving as Chairman of the Board of ICG
Commerce Holdings, Inc.;

         WHEREAS, the Board of Directors of the Company (the "Board") desires to
appoint Executive as Chief Executive Officer of the Company in addition to his
position as Chairman of the Board of Directors of ICG Commerce Holdings, Inc.
and 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.

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                  (b)      "Board" shall mean the board of directors of ICG
Commerce Holdings, Inc.

                  (c)      "Cause" shall mean (i) the willful and continued
failure by the Executive to substantially perform his duties with the Company
(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
Company, 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 (excluding the Executive)
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 occurrence of any
of the following events:

                           (i)      Any holder(s) of capital stock of ICG
         Commerce Holdings, Inc. ("ICGC") Transfers (as defined below) his
         voting or economic rights to such capital stock to another "person" (as
         such term is used in sections 13(d) and 14(d) of the Exchange Act) in a
         single transaction or a series of related transactions (as determined
         in good faith by the Board) other than to a person controlling,
         controlled by or under common control with the holder (an "Affiliate"),
         and such transferred securities represent at least 50% of the total
         voting power represented by ICGC's then outstanding voting securities;

                           (ii)     The stockholders of ICGC approve a merger,
         consolidation or other similar transaction involving ICGC and any other
         corporation, if such transaction would result in the voting securities
         of ICGC outstanding immediately prior thereto representing (either by
         remaining outstanding or by being converted into voting securities of
         the surviving entity) 50% or less of the total voting power represented
         by the voting securities of ICGC or such surviving entity outstanding
         immediately after such transaction; or

                           (iii)    The stockholders of ICGC approve (a) a plan
         of liquidation or dissolution of ICGC, (b) a sale or disposition by
         ICGC of all or a substantial portion of the assets of ICGC (including
         through the sale or disposition of the shares of capital stock of a
         direct or indirect subsidiary of ICGC), or (c) sale, spinoff, splitoff
         or other disposition of a substantial portion of the assets of ICGC
         (including through the sale,

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         spinoff, splitoff or other disposition of the shares of stock of a
         direct or indirect subsidiary of ICGC). For purposes of the foregoing
         sentence, a "substantial portion" of the assets of ICGC shall mean 50%
         or more of the assets of ICGC (together with all (and not less than
         all) of its direct and indirect subsidiaries) as calculated based upon
         a valuation methodology reasonably determined by the Board of Directors
         at the time of Change in Control.

For purposes of this Agreement, "Transfer" shall mean to sell or otherwise
transfer or dispose of for consideration, excluding collateral assignments,
transfers to receivers, levying creditors, trustees or receivers in bankruptcy
proceedings, general assignments for the benefit of creditors, whether voluntary
or by operation of law, directly or indirectly, or a pledge of equity interests
in connection with a credit facility.

                  (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 directly to the Board; (iii) a material adverse
change of Executive's duties, or responsibilities as Chairman and Chief
Executive 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 4(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.

                  (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 4(a).

         2.       Accelerated Vesting Upon a Change in Control. Immediately upon
the occurrence of a Change in Control, all outstanding options held by Executive
that have not previously become exercisable shall automatically accelerate and
become fully exercisable and all of Executive's restricted stock, if any, shall
become fully vested and payable. Subject to the provisions of Section 16(b)
hereof, notwithstanding the foregoing, the amount payable to Executive under the
Employee Equity Liquidity Plan shall in no event exceed an amount equal to

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the aggregate amount payable under the Employee Equity Liquidity Plan ("EELP")
as a result of a Change in Control, multiplied by a fraction, the numerator of
which is the total number of shares underlying stock options held by Executive,
shares of restricted stock held by Executive and shares issued to Executive upon
the exercise of stock options and the denominator of which is the aggregate
number of shares underlying stock options, shares of restricted stock and shares
issued upon the exercise of stock options held by all persons under the
Company's equity compensation plans.

         3.       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
Chairman and Chief Executive 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 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 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 3(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

                                       4

<PAGE>

         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 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. 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).

                           iv.      For vesting of Executive's options and
         restricted stock, Executive shall receive an additional twelve (12)
         months service credit. All of Executive's vested options shall be
         exercisable after Executive's Termination of Employment until the
         earlier to occur of (x) 48 months following such Termination and (y)
         the last day of the stated option term.

                           v.       Executive shall have the right to
         participate in the EELP with respect to his vested options (including
         shares acquired upon the exercise of Executive's options), restricted
         stock, and other equity of the Company covered by the EELP, after
         Executive's Termination of Employment until the earlier to occur of (x)
         48 months following such Termination and (2) in the case of unexercised
         options, the last day of the stated option term.

                           vi.      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.

                  (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 Section 3(c)(v). Executive
shall be entitled to the benefits of Section 3(c)(v) if his employment shall be
terminated by the Company upon the expiration of the Term.

                  (e)      If Executive's employment terminates on account of
his death or Disability (irrespective of whether a Change in Control has
occurred), all of Executive's vested options shall be exercisable until the
earlier to occur of (x) 48 months following such termination and (y) the last
day of the stated option term. Furthermore, if Executive's employment terminates
on account of his death or Disability, Executive (or Executive's estate) shall
have the right to participate in the EELP with respect to his vested options
(including shares acquired upon the exercise of Executive's options), restricted
stock, and other equity of the Company covered by the EELP, after Executive's
Termination of Employment until the earlier to occur of

                                       5

<PAGE>

(x) 48 months following such Termination and (y) in the case of unexercised
options, the last day of the stated option term.

         4.       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
4 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 3, the Executive shall be entitled to the payments and other
rights described in this Section 4. 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 4(a) and shall not be entitled to
receive benefits pursuant to this Section 4; 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 4(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 4(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 4(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. A pro rated bonus shall
         be based on the Executive's annual target 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).

                           (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 until the earlier to occur of (x)
         48 months following such termination and (y) the last day of the stated
         option term, 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 have the right to
         participate in the EELP with respect to his vested options after
         Executive's Termination of Employment until the earlier to occur of (x)
         48 months following such Termination and (y) the last day of the stated
         option term.

                           (vi)     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.

                  (d)      (i) Prior to or contemporaneously with the execution
         of this Agreement, the Company shall seek approval by the holders of
         more than 75% of all capital stock of ICGC outstanding as of such time
         ("Shareholder Approval"), of the terms of this Agreement, including
         approval of any payment, distribution or other benefit provided 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"),

                                       7

<PAGE>

         which, in the reasonable judgment of the Company, would result in an
         "excess parachute payment" within the meaning of Section 280G of the
         Code if made in connection with a change in control of ICGC. In the
         event that Shareholder Approval is not obtained, the Company shall have
         no obligation to make such Payment to Executive. In the event that
         Shareholder Approval is obtained, the Company shall have the right to
         seek subsequent approval and ratification of this Agreement by the
         holders of ICGC stock from time to time thereafter, provided, however,
         that the failure to obtain any such subsequent approval or ratification
         shall not limit the Company's obligation to make any Payment or
         Gross-Up Payment (defined below) to Executive pursuant hereto.

                           (ii)     At the time the Payment is made, 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 is less than this $5,000 threshold
         amount, then the Payment will be reduced in such amount as is necessary
         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 relevant calculation date, 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 4(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 before the date of the Payment (or any part thereof). If the
         Accounting Firm determines that no excise tax is payable by the
         Executive, it shall furnish the Company and the Executive with an
         opinion to the effect that there is "substantial authority" that the
         Payment does not constitute an "excess parachute payment." Subject to
         any determination of an Underpayment or Overpayment, 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 and obtaining such opinion 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 4(d) (the "Underpayment") or an amount
         greater than the Company should have paid pursuant to this Section 4(d)
         (the "Overpayment"). In the event that it is finally determined that an
         Underpayment exists and the Executive is required to make a payment

                                       8

<PAGE>

         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 Section 4(d), except
         for claims, damages or expenses resulting from the gross negligence or
         willful misconduct of the Accounting Firm.

                           (iii)    Notwithstanding anything in this Section
         4(d) to the contrary, in the event that a Gross-Up Payment is payable
         by the Company pursuant to this Section 4(d), (x) to the extent that
         the Gross-Up Payment relates to equity compensation received by
         Executive, the Gross-Up Payment shall only be payable with respect to
         equity compensation that results from stock options, restricted stock
         or other equity compensation grants that are made to Executive upon his
         initial employment as Chairman and Chief Executive Officer hereunder
         (i.e., not including any equity grants that are made subsequent to
         grants made in connection with Executive's initial employment
         hereunder) and (y) in no event shall the aggregate Gross-Up Payments
         payable pursuant hereto exceed an amount equal to 0.40% of the Derived
         Company Equity Value (as hereinafter defined). For purposes of this
         Section 4(d), the "Derived Company Equity Value" shall mean the deemed
         value of all outstanding shares of capital stock of ICGC on a
         fully-diluted basis, as derived from the valuation used for purposes of
         calculating consideration in a Change in Control.

                           (iv)     Notwithstanding the foregoing, in the event
         that Shareholder Approval is obtained and, each time any part of the
         Payment is made, counsel or an Accounting Firm that is mutually
         acceptable to both the Executive and the Company delivers to the
         Company and the Executive an opinion to the effect that it is "more
         likely than not" that no excise tax imposed under Section 4999 of the
         Code will be due in connection with such part of the Payment, then,
         subject to the following provisions of this Section 4(d)(iv), the
         Company shall not be obligated to make the Gross-Up Payment to the
         Executive. If the Gross-Up Payment is not made pursuant to the
         foregoing provision and, thereafter, the Internal Revenue Service (the
         "Service") assesses an excise tax imposed under Section 4999 of the
         Code against Executive in connection with all or any part of the
         Payment, the Company shall promptly pay to Executive a Gross-Up Payment
         in accordance with Section 4(d)(ii) and 4(d)(iii), and shall also
         indemnify Executive for all expenses (including, without limitation,
         professional fees) incurred in defending his reported income tax return
         position, provided, however, that the Executive has notified the
         Company as soon as reasonably practicable after commencement of any
         examination of this matter by the Service, Executive shall consult with
         the Company from time to time in connection with such proceeding with
         the Service (including any resulting litigation) and, upon receipt of
         the Gross-Up Payment and such indemnified expenses, Executive shall
         compromise or otherwise settle such proceeding as the Company shall
         direct; provided, however, that until the Company otherwise directs,
         Executive shall take the

                                       9

<PAGE>

         position in all filings and communications with the Service, in
         reliance upon such opinion above, that no excise tax imposed under
         Section 4999 of the Code is due.

         (e) 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 3, 4 and 5
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 3
and 4, 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 shall execute, deliver and comply with the
terms of the Noncompetition, Nondisclosure and Nonsolicitation Agreement, a form
of which is attached hereto as Exhibit B, the terms of which are incorporated by
reference herein and made a part hereof.

                  (b)      Executive acknowledges that the restrictions
contained in the Noncompetition, Nondisclosure and Nonsolicitation Agreement
referred to in this Section 9 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

                                       10

<PAGE>

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.

         9.       Term of Agreement. This Agreement shall continue in full force
and effect until December 31, 2006, subject to the provisions of Section 3 and
Section 4. 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.

         10.      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;

                           (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.

         11.      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

                                       11

<PAGE>

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.

         12.      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:

                           ICG Commerce, Inc.
                           610 Old York Road, Suite 300
                           Jenkintown, PA 19046

                           Tel: 610-989-0111
                           Fax: 610-989-0112

                  If to Executive, to the last address and telephone/fax number
                  listed in the Company's records as of the date of such notice.

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.

         13.      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.

         14.      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.

         15.      Indemnification. Executive shall be indemnified while serving
as Chairman and Chief Executive Officer to the same extent and in the same
manner as the more favorable of such indemnification for other senior executives
and directors of the Company.

                                       12

<PAGE>

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

                  (b)      Unless otherwise agreed to or approved by Executive,
in no event shall an amendment to the terms of the EELP be effective with
respect to Executive's rights hereunder if such amendment materially impacts
Executive's rights under the EELP to his detriment in a manner that is
disproportionate relative to the impact such amendment has on the rights of all
other Executive Officers of the Company under the EELP (a "Disproportionately
Adverse Amendment"). For purposes of clarity, an amendment to the EELP that has
a more significant economic impact on Executive relative to the other Executive
Officers of the Company solely by virtue of Executive's greater equity position
in the Company or his greater participation rights under the EELP shall not be
deemed a Disproportionately Adverse Amendment for purposes of the foregoing
sentence.

                  (c)      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.

                  (d)      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.

         17.      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.

         18.      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.

                                       13

<PAGE>

         19.      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.

                                          ICG COMMERCE, INC.

Attest:________________________           By: /s/ Alan Kintisch
                                              -----------------
                                                  Alan Kintisch

                                          Its: Vice President Human Resources &
                                               Employment Counsel

_______________________________           /s/ Edward H. West
Witness                                   ------------------
                                              Edward H. West
                                              EXECUTIVE

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                                    Exhibit A

                                  ICGC RELEASES

                                       15

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                                                                   UNDER 40 FORM

                          RELEASE AND WAIVER OF CLAIMS

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

WHEREAS, Executive and the Company entered into that certain Severance and
Change in

Control Agreement, dated _______________, 2002 ("Agreement");

         WHEREAS, Executive's employment with the Company as Chief Executive
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 and their officers, directors,
         shareholders, employees, agents, predecessors, partners, 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 underTitle 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 Release 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.

2.       Executive further agrees and covenants that neither he, nor any person,
         organization, or other entity on his behalf, will file, charge, claim,
         sue, or cause or permit to be filed, charged, or claimed, any civil
         action, suit, or legal proceeding seeking any type of personal relief,
         or

                                       16

<PAGE>

         share in any remedy against any of the RELEASEES, involving any matter
         occurring at any time in the past up to and including the date of this
         Release and Waiver of Claims, or involving any continuing effects of
         any actions or practices which may have arisen or occurred on or prior
         to the date of this Release and Waiver of Claims.

3.       Executive further agrees and covenants that he will abide by all of the
         terms of the Non-competition, Non-disclosure and Non-solicitation
         Agreement attached hereto.

4.       Executive further agrees and covenants that, unless the Agreement has
         become available to the public (other than by Executive's wrongful
         act), he will keep all terms and conditions of this Release and Waiver
         of Claims confidential and will not disclose them, directly or
         indirectly, to any person or entity other than my spouse, immediate
         family, or legal and/or financial advisor(s), or except and to the
         extent required by law. If he makes any such permitted disclosure, he
         will do so with a specific declaration that the information is
         confidential.

5.       Executive also agrees not to make any public or private statements to
         anyone relating to ICG Commerce or its business that could reasonably
         be deemed to be negative or disparaging. Similarly, ICG Commerce agrees
         not to make any public or private statements to anyone relating to
         Executive that could reasonably be deemed to be negative or
         disparaging. This provision shall not apply to statements that are: (a)
         required by law; or (b) related to a local, state or federal
         governmental investigation, charge, complaint, or inquiry.

6.       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.

7.       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.

8.       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.

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<PAGE>

9.       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 Release 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;

         e.       That he has been informed that he has the right to consider
         this Release and Waiver of Claims for a period of 14 days from receipt,
         and he has signed on the date indicated below after concluding that
         this Release and Waiver of Claims is satisfactory to him; and

         f.       Neither ICG Commerce, nor any of its agents, representatives,
         employees, or attorneys, has made any representations to him concerning
         the terms or effects of this Release and Waiver of Claims other than
         those contained herein.

10.      Executive also understands that he should return this Release and
         Waiver of Claims to the following:

                           Alan Kintisch
                           Vice President, Human Resources
                           and Employment Counsel
                           ICG Commerce, Inc.
                           610 Old York Road, Suite 300
                           Jenkintown, PA 19046

         IN WITNESS WHEREOF, and intending to be legally bound hereby, the
parties execute the foregoing Release and Waiver of Claims:

___________________________                          ___________________________
Date                                                 Edward H. West

___________________________                          ___________________________
Date:                                                ICG Commerce, Inc.,
                                                     By

                                       18

<PAGE>

                                                                40 AND OVER FORM

                          RELEASE AND WAIVER OF CLAIMS

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

         WHEREAS, Executive and the Company entered into that certain Severance
and Change in Control Agreement, dated _______________, 2002 ("Agreement");

         WHEREAS, Executive's employment with the Company as Chief Executive
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 and their officers, directors,
         shareholders, employees, agents, predecessors, and partners, 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 Release 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.

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.

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<PAGE>

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 further agrees and covenants that he will abide by all of the
         terms of the Non-competition, Non-disclosure and Non-solicitation
         Agreement attached hereto.

6.       Executive further agrees and covenants that, unless the Agreement has
         become available to the public (other than by Executive's wrongful
         act), he will keep all terms and conditions of this Release and Waiver
         of Claims confidential and will not disclose them, directly or
         indirectly, to any person or entity other than my spouse, immediate
         family, or legal and/or financial advisor(s), or except and to the
         extent required by law. If Executive makes any such permitted
         disclosure, he will do so with a specific declaration that the
         information is confidential.

7.       Executive also agrees not to make any public or private statements to
         anyone relating to ICG Commerce or its business that could reasonably
         be deemed to be negative or disparaging. Similarly, ICG Commerce agrees
         not to make any public or private statements to anyone relating to
         Executive that could reasonably be deemed to be negative or
         disparaging. This provision shall not apply to statements that are: (a)
         required by law; or (b) related to a local, state or federal
         governmental investigation, charge, complaint, or inquiry.

8.       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 Release 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

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<PAGE>

                  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;

         e.       That he has been informed that he has the right to consider
                  this Release and Waiver of Claims for a period of 21 days from
                  receipt, and he has signed on the date indicated below after
                  concluding that this Release and Waiver of Claims is
                  satisfactory to him; and

         f.       That neither ICG Commerce, nor any of its agents,
                  representatives, employees, or attorneys, has made any
                  representations to him concerning the terms or effects of this
                  Release and Waiver of Claims other than those contained
                  herein.

9.       Executive also understands that he has the right to revoke this Release
         and Waiver of Claims within 7 days after execution, and that this
         Release and Waiver of Claims will not become effective or enforceable
         until the revocation period has expired, by giving written notice to
         the following:

                           Alan Kintisch
                           Vice President, Human Resources
                           and Employment Counsel
                           ICG Commerce, Inc.
                           610 Old York Road, Suite 300
                           Jenkintown, PA 19046

         IN WITNESS WHEREOF, and intending to be legally bound hereby, the
parties execute the foregoing Release and Waiver of Claims:

___________________________                          ___________________________
Date:                                                Edward H. West

___________________________                          ___________________________
Date:                                                ICG Commerce, Inc.,
                                                     By:

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                                    Exhibit B

                         ICGC NONCOMPETE, NONDISCLOSURE

                          AND NONSOLICITATION AGREEMENT

                  AGREEMENT dated as of January 1, 2003 between ICG Commerce,
Inc., (the "Company") and Edward H. West, its Chairman and Chief Executive
Officer (the "Executive").

                  WHEREAS, Executive desires to be employed and to remain
employed by the Company, and acknowledges that he has been given access and will
be given access to certain confidential information and trade secrets developed
and maintained by the Company;

                  WHEREAS, Executive represents to the Company that he is not
subject or a party to any employment agreement, non-competition agreement,
non-disclosure agreement, or other agreement, covenant, understanding or
restriction that would prohibit Executive from executing this Agreement, and
from performing fully, and without limitation, Executive's duties and
responsibilities hereunder. Specifically, Executive represents that he will not,
during his employment with the Company, improperly use or disclose any
proprietary information or trade secrets of any former or concurrent employer or
other person or entity. Executive further represents that he will not bring onto
the premises of the Company any confidential or proprietary information
belonging to any such employer, person or entity unless consented to in writing
by such employer, person or entity.

                  WHEREAS, Company desires to employ and continue to employ
Executive subject to that certain Severance and Change in Control Agreement
dated as of January 1, 2003 ("Executive's Agreement"), subject to certain
restrictions on Executive's use of confidential information and trade secrets;

                  NOW, THEREFORE, the parties hereto, intending to be legally
bound, agree as follows:

                  1.       Developments. All rights in and to any and all
developments, including inventions, whether patentable or otherwise, trade
secrets, discoveries, improvements, ideas and writings which either directly or
indirectly relate to or may be useful in the business of the Company or any of
its affiliates (the "Developments"), which Executive, either by himself or in
conjunction with any other person or persons, conceives, makes, develops,
acquires or acquires knowledge of during his employment by the Company shall
become and remain the sole and exclusive property of the Company. The Executive
hereby assigns, transfers and conveys, and agrees to so assign, transfer and
convey, all of his right, title and interest in and to any and all such
Developments and to disclose fully as soon as practicable, in writing, all such
Developments to the Company. At any time and from time to time, upon the request
and at the expense of the Company, the Executive will execute and deliver any
and all instruments, documents and papers, give evidence and do any and all
other acts which, in the opinion of counsel for the Company, are or may be
necessary or desirable to document such transfer or to enable the Company to
file and prosecute applications for and to acquire, maintain and enforce any and
all patents, trademark registrations or copyrights under United States or
foreign law with respect to any such Developments or to obtain any extension,
validation, re-issue, continuance or renewal of any such patent, trademark or
copyright. The Company will be responsible for the preparation of any such
instruments, documents and papers and for the prose-

                                       22

<PAGE>

cution of any such proceedings and will reimburse the Executive for all
reasonable expenses incurred by him in compliance with the provisions of this
Section.

                  2.       Confidential Information. Executive recognizes and
acknowledges that by reason of his employment by and service with the Company he
will have access to confidential information of the Company, its partners, its
affiliates, and its or their customers and potential customers, including,
without limitation, information and knowledge pertaining to each of their
research activities, products and services offered, inventions, innovations,
designs, ideas, plans, trade secrets, proprietary information, advertising,
sales methods and systems, sales and profit figures, customer lists, potential
customer pipeline information, sourcing methods, supplier lists, potential
supplier pipeline information, supply chain management, procurement activities,
and relationships between the Company, its partners, its affiliates, and/or its
or their customers, suppliers and others who have had or will have business
dealings with the Company (hereinafter referred to separately and collectively
as "Confidential Information"). Executive acknowledges that such Confidential
Information is a valuable and unique asset. He therefore covenants that, except
in the ordinary course of the discharge of his duties as an officer and director
of the Company or as may be required by law, he will not, either during or after
his employment with the Company, directly or indirectly disclose or permit to be
known to, or used for the benefit of, himself or any person or entity outside of
the employ of Company, any confidential information acquired by him during the
course of or as an incident to his employment or association with Company. All
Confidential Information described in this Section shall be the exclusive
property of Company, and Executive shall use his best efforts to prevent any
publication or disclosure thereof.

                  3.       Non-Competition/Non-Solicitation. Executive agrees
that his services to the Company are of a special, unique and extraordinary
character, and that his position places him in a position of confidence and
trust with the Company's customers, employees and investors. Executive also
recognizes that his position with the Company will give him substantial access
to Confidential Information (as that term is defined above), the disclosure of
which to the Company's competitors would cause the Company to suffer
substantial, immediate and irreparable injury. Executive recognizes, therefore,
that it is in the Company's legitimate business interest to restrict his use of
Confidential Information for any purposes other than the discharge of his
employment duties at the Company, and to limit any potential appropriation of
Confidential Information by Executive for the benefit of the Company's
competitors and to the detriment of the Company. Accordingly, Executive agrees
as follows:

                           3.1      Non-Competition. During his employment by
the Company and for a period of eighteen (18) months after his employment
terminates, for whatever reason, Executive shall not engage in any directly
competitive activities in any geographic area in which the Company conducts
business. For purposes of this Agreement, "directly competitive activities"
means operating, managing, owning, controlling, being employed by, providing
consulting services to, or in any way being financially connected with, any for
profit or nonprofit business that "engages in," or at the time of termination of
Executive's employment plans to "engage in," the business of providing products,
services or tools intended to address the procurement function ("Procurement
Business"). Notwithstanding the foregoing, an entity shall not be considered to
"engage in" Procurement Business if: (a) less than 5% of such entity's aggregate
annual revenues for its most recent fiscal year are derived from Procurement
Business; (b) Executive agrees in writing not to participate in any manner
whatsoever in Procurement Business (including, but not limited to, engaging in
any discussion concerning the operation of Procurement Business), and Executive
so informs the leader of Procurement Business in writing with a copy to ICG
Commerce. In addition, Procurement

                                       23

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Business shall not include procurement products, services or tools used by an
entity solely to address its own internal procurement function. Nothing
contained in this Section shall prohibit Executive from owning in the aggregate,
directly or indirectly, solely as a passive investment, less than (2%) of the
shares of any class of equity securities of a company whose securities are
traded on a national securities exchange or the NASDAQ Stock Market.

                           3.2.     Non-Solicitation of Business. Executive
agrees that during the period beginning on the first day of his employment with
the Company and ending eighteen (18) months after he last performs services for
the Company (whether or not such services are rendered pursuant to this
Agreement), he will not, either directly or indirectly, solicit, contact, call
upon, or communicate with any person or entity who was a customer or client or
prospective customer or client of the Company at any time during the last twelve
(12) months of Executive's employment with the Company, for the purpose of
providing, selling or otherwise distributing procurement business, tools or
services other than those of the Company.

                           3.3.     Non-Solicitation of Employees. Executive
recognizes that many employees at the Company have and will have access to
varying levels and degrees of Confidential Information, and that Executive's
solicitation or assistance in the solicitation of such persons would be
seriously disruptive to the Company, and that such solicitations would undermine
not only the confidentiality of proprietary information, but impair the
relationship between the Company and its employees. As a result, Executive
agrees that for a period of eighteen (18) months following the date he last
performs services for the Company (whether or not such services are rendered
pursuant to this Agreement), he will not, either directly or indirectly,
solicit, induce, recruit, employ or encourage any person who was on the
Company's payroll as of the date of Executive's termination of employment or for
one (1) year prior to that date, to leave their employment for any reason.

                  4.       Returning Company Documents. Executive agrees that
when he leaves the Company's employ, for whatever reason, he will deliver to the
Company (and will not keep in his possession, recreate or deliver to anyone
else) any and all devices, records, data, notes, e-mails, reports, proposals,
lists, correspondence, specifications, drawings, blueprints, sketches,
materials, equipment, other documents or property, or reproductions of any
aforementioned items developed by the Executive pursuant to his employment with
the Company or otherwise belonging to the Company.

                  5.       Notification of New Employer. In the event that the
Executive leaves the Company's employ, for whatever reasons, he hereby grants
consent to the Company to notify his new employer about his rights and
obligations under this Agreement.

                  6.       Equitable Relief.

                  6.1.     Executive acknowledges that the restrictions
contained in Sections 2 and 3 hereof are reasonable and necessary to protect the
legitimate interests of the Company, and that any violation of any provision of
those Sections will result in irreparable injury to the Company. The Executive
represents that his experience and capabilities are such that the restrictions
contained in Sections 3 and 4 hereof will not prevent the Executive from
obtaining employment or otherwise earning a living at the same general level of
economic benefit as anticipated by this Agreement. Executive further recognizes
that the Company competes and will compete on a national and international
basis, and that Executive's access to Confidential Information makes it
necessary for

                                       24

<PAGE>

the Company to restrict his post-employment activities in any market in which
the Company competes.

                  6.2.     Executive agrees that the Company shall be entitled
to preliminary and permanent injunctive relief, without the necessity of proving
actual damages or the posting of a bond, as well as to an equitable accounting
of all earnings, profits and other benefits arising from any violation of
Sections 1, 2 or 3 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 Sections 2 and 3 hereof should ever be adjudicated
to exceed the time, geographic, product or 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, product or
service, or other limitations permitted by applicable law. If, despite the
foregoing waivers, a court nonetheless requires the posting of a bond, the
parties agree that a bond in the amount of $1,000 would be a fair and reasonable
amount, particularly in light of the difficulty in quantifying what the actual
loss caused by an injunction would be.

                  6.3.     Executive agrees that if Company is obliged to resort
to the courts for the enforcement of a covenant contained in Section 1, 2 or 3,
such covenant shall be extended for a period of time equal to the period of such
breach and the extended period will commence on the later to occur of (a) the
date on which the original (unextended) term of such covenant is scheduled to
terminate or (b) the date of the final court order (without further right of
appeal) enforcing such covenant.

                  6.4.     Executive irrevocably and unconditionally (i) agrees
that any suit, action or other legal proceeding arising out of this Agreement,
including without limitation, any action commenced by the Company for
preliminary and permanent injunctive relief and other equitable relief, shall be
brought in a court of competent jurisdiction in the Commonwealth of
Pennsylvania, (ii) consents to the exclusive jurisdiction of any such court in
any such suit, action or proceeding, and (iii) waives any objection which he may
have to the laying of venue of any such suit, action or proceeding in any such
court.

                  6.5.     Executive agrees that he will provide, and that the
Company may similarly provide, a copy of this Agreement to any business or
enterprise (i) which he may directly or indirectly own, manage, operate,
finance, join, control or participate in the ownership, management, operation,
financing, control or control of, or (ii) with which he may be connected with as
an officer, director, Executive, partner, principal, agent, representative,
consultant or otherwise, or in connection with which he may use or permit his
name to be used; provided, however, that this provision shall not apply in
respect of Section 3 of this Agreement after expiration of the time periods set
forth therein.

                  7.       Termination of Employment. Subject to Executive's
Agreement, Executive's employment may be terminated at the will of either party
at any time and for any reason with or without cause.

                  8.       Successors and Assigns. The rights and protections of
the Company hereinunder shall extend to any successors or assigns of the Company
and to the Company's parents, subsidiaries, and affiliates. For purposes of this
Agreement (and not Executive's Agreement) a transfer of Executive to a new
position with the Company or to a position with the parent, subsidiary

                                       25

<PAGE>

or affiliate of the Company will not constitute termination of employment with
the Company. This Agreement may be assigned by the Company without Executive's
consent.

                  9.       Notices. Any notice required or permitted to be given
under this Agreement shall be in writing and shall be delivered by hand, or be
sent by certified mail or overnight courier, as follows (or to such other
address as either party shall designate by notice in writing served upon the
other party in the manner provided herein):

      (i)  if to Company: Alan Kintisch
                          Vice President, Human Resources and Employment Counsel
                          ICG Commerce, Inc.
                          610 Old York Road, Suite 300
                          Jenkintown, PA 19046

      (ii) if to Executive: Such notice address applicable under Executive's
           Agreement

Any such notice shall become effective upon being mailed or, in the case of
delivery by hand or overnight courier, upon receipt.

                  10.      Modification of Agreement. This Agreement may not be
modified or amended except by a writing executed by Executive and the Board of
Directors of ICG Commerce Holdings, Inc. Nothing in this Agreement shall be
construed as giving Executive the right to be retained in the employ of the
Company.

                  11.      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 principles.

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

Attest:                                   ICG COMMERCE, INC.

______________________________      By ___________________________
                                          Name:
                                          Title:

Witness:                                  EXECUTIVE

______________________________      ______________________________

                                       26

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