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EXHIBIT 10.6  

 
  LIBERATE TECHNOLOGIES    
    
    1999 EMPLOYEE STOCK PURCHASE PLAN    
    
    (AS ADOPTED MAY 17, 1999 AND AMENDED MAY 25, 2000)    
  

 
 
 

TABLE OF CONTENTS    
  

	 
	 	 
	 	Page

	SECTION 1. PURPOSE OF THE PLAN	 	1
	

SECTION 2. ADMINISTRATION OF THE PLAN	
 	

1
	 	(a)	 	Committee Composition	 	1
	 	(b)	 	Committee Responsibilities	 	1
	

SECTION 3. ENROLLMENT AND PARTICIPATION	
 	

1
	 	(a)	 	Offering Periods	 	1
	 	(b)	 	Enrollment	 	1
	 	(c)	 	Duration of Participation	 	1
	

SECTION 4. EMPLOYEE CONTRIBUTIONS	
 	

1
	 	(a)	 	Frequency of Payroll Deductions	 	1
	 	(b)	 	Amount of Payroll Deductions	 	1
	 	(c)	 	Changing Withholding Rate	 	1
	 	(d)	 	Discontinuing Payroll Deductions	 	2
	 	(e)	 	Limit on Number of Elections	 	2
	

SECTION 5. WITHDRAWAL FROM THE PLAN	
 	

2
	 	(a)	 	Withdrawal	 	2
	 	(b)	 	Re-Enrollment After Withdrawal	 	2
	

SECTION 6. CHANGE IN EMPLOYMENT STATUS	
 	

2
	 	(a)	 	Termination of Employment	 	2
	 	(b)	 	Leave of Absence	 	2
	 	(c)	 	Death	 	2
	

SECTION 7. PLAN ACCOUNTS AND PURCHASE OF SHARES	
 	

2
	 	(a)	 	Plan Accounts	 	2
	 	(b)	 	Purchase Price	 	3
	 	(c)	 	Number of Shares Purchased	 	3
	 	(d)	 	Available Shares Insufficient	 	3
	 	(e)	 	Issuance of Stock	 	3
	 	(f)	 	Unused Cash Balances	 	3
	 	(g)	 	Stockholder Approval	 	3
	

SECTION 8. LIMITATIONS ON STOCK OWNERSHIP	
 	

3
	 	(a)	 	Five Percent Limit	 	3
	 	(b)	 	Dollar Limit.	 	4
	

SECTION 9. RIGHTS NOT TRANSFERABLE	
 	

4
	

SECTION 10. NO RIGHTS AS AN EMPLOYEE	
 	

4
	

SECTION 11. NO RIGHTS AS A STOCKHOLDER	
 	

5
	

SECTION 12. SECURITIES LAW REQUIREMENTS.	
 	

5
	

SECTION 13. STOCK OFFERED UNDER THE PLAN	
 	

5
	 	(a)	 	Authorized Shares	 	5
	 	(b)	 	Anti-Dilution Adjustments	 	5
	 	(c)	 	Reorganizations	 	5
	

SECTION 14. AMENDMENT OR DISCONTINUANCE	
 	

5

i

 

	

SECTION 15. INTERNATIONAL EMPLOYEE STOCK PURCHASE PLAN.	
 	

5
	

SECTION 16. DEFINITIONS	
 	

6
	 	(a)	 	"Board"	 	6
	 	(c)	 	"Code"	 	6
	 	(d)	 	"Committee"	 	6
	 	(e)	 	"Company"	 	6
	 	(f)	 	"Compensation"	 	6
	 	(f)	 	"Corporate Reorganization"	 	7
	 	(g)	 	"Eligible Employee"	 	7
	 	(h)	 	"Exchange Act"	 	7
	 	(i)	 	"Fair Market Value"	 	7
	 	(j)	 	"IPO"	 	7
	 	(k)	 	"Offering Period"	 	7
	 	(l)	 	"Participant"	 	7
	 	(m)	 	"Participating Company"	 	7
	 	(n)	 	"Plan"	 	7
	 	(o)	 	"Plan Account"	 	7
	 	(p)	 	"Purchase Price"	 	7
	 	(q)	 	"Stock"	 	7
	 	(r)	 	"Subsidiary"	 	7

ii

 
 

Liberate Technologies
  
    1999 Employee Stock Purchase Plan    
  

SECTION 1. PURPOSE OF THE PLAN.  

    The Plan was adopted by the Board to be effective as of the date of the IPO and was amended by the Board on May 25, 2000. The purpose of the Plan is to
provide Eligible Employees with an opportunity to increase their proprietary interest in the success of the Company by purchasing Stock from the Company on favorable terms and to pay for such
purchases through payroll deductions. The Plan is intended to qualify under section 423 of the Code. 

SECTION 2. ADMINISTRATION OF THE PLAN.  

    (a)  Committee Composition.  The Plan shall be administered by the Committee. 

    (b)  Committee Responsibilities.  The Committee shall interpret the Plan and make all other policy
decisions relating to the operation of the Plan. The Committee may adopt such rules, guidelines and forms as it deems appropriate to implement the Plan. The Committee's determinations under the Plan
shall be final and binding on all persons. 

SECTION 3. ENROLLMENT AND PARTICIPATION.  

    (a)  Offering Periods.  While the Plan is in effect, two Offering Periods shall commence in each calendar
year. The Offering Periods shall consist of the six-month periods commencing on each April 1 and October 1, except that the first Offering Period shall commence on the date
of the IPO and end on March 31, 2000. 

    (b)  Enrollment.  Any individual who, on the day preceding the first day of an Offering Period, qualifies
as an Eligible Employee may elect to become a Participant in the Plan for such Offering Period by executing the enrollment form prescribed for this purpose by the Committee. The enrollment form shall
be filed with the Company at the prescribed location not later than 10 days prior to the commencement of such Offering Period. 

    (c)  Duration of Participation.  Once enrolled in the Plan, a Participant shall continue to participate
in the Plan until he or she ceases to be an Eligible Employee, withdraws from the Plan under Section 5(a) or reaches the end of the Offering Period in which his or her employee contributions
were discontinued under Section 4(d) or 8(b). A Participant who discontinued employee contributions under Section 4(d) or withdrew from the Plan under Section 5(a) may again
become a Participant, if he or she then is an Eligible Employee, by following the procedure described in Subsection (b) above. A Participant whose employee contributions were discontinued
automatically under Section 8(b) shall automatically resume participation at the beginning of the earliest Offering Period ending in the next calendar year, if he or she then is an Eligible
Employee. 

SECTION 4. EMPLOYEE CONTRIBUTIONS.  

    (a)  Frequency of Payroll Deductions.  A Participant may purchase shares of Stock under the Plan solely
by means of payroll deductions. Payroll deductions, as designated by the Participant pursuant to Subsection (b) below, shall occur on each payday during participation in the Plan. 

    (b)  Amount of Payroll Deductions.  An Eligible Employee shall designate on the enrollment form the
portion of his or her Compensation that he or she elects to have withheld for the purchase of Stock. Such portion shall be a whole percentage of the Eligible Employee's Compensation, but not less than
1% nor more than 15%. 

    (c)  Changing Withholding Rate.  If a Participant wishes to change the rate of payroll withholding, he or
she may do so by filing a new enrollment form with the Company at the prescribed location at any time. The new withholding rate shall be effective as soon as reasonably practicable after 

 

such form has been received by the Company. The new withholding rate shall be a whole percentage of the Eligible Employee's Compensation, but not less than 1% nor more than 15%. 

    (d)  Discontinuing Payroll Deductions.  If a Participant wishes to discontinue employee contributions
entirely, he or she may do so by filing a new enrollment form with the Company at the prescribed location at any time. Payroll withholding shall cease as soon as reasonably practicable after such form
has been received by the Company. In addition, employee contributions may be discontinued automatically pursuant to Section 8(b). A Participant who has discontinued employee contributions may
resume such contributions by filing a new enrollment form with the Company at the prescribed location. Payroll withholding shall resume as soon as reasonably practicable after such form has been
received by the Company. 

    (e)  Limit on Number of Elections.  No Participant shall make more than two elections under Subsection
(c) or (d) above during any Offering Period. 

SECTION 5. WITHDRAWAL FROM THE PLAN.  

    (a)  Withdrawal.  A Participant may elect to withdraw from the Plan by filing the prescribed form with
the Company at the prescribed location at any time before the last day of an Offering Period. As soon as reasonably practicable thereafter, payroll deductions shall cease and the entire amount
credited to the Participant's Plan Account shall be refunded to him or her in cash, without interest. No partial withdrawals shall be permitted. 

    (b)  Re-Enrollment After Withdrawal.  A former Participant who has withdrawn from the Plan
shall not be a Participant until he or she re-enrolls in the Plan under Section 3(c). Re-enrollment may be effective only at the commencement of an Offering Period. 

SECTION 6. CHANGE IN EMPLOYMENT STATUS.  

    (a)  Termination of Employment.  Termination of employment as an Eligible Employee for any reason,
including death, shall be treated as an automatic withdrawal from the Plan under Section 5(a). A
transfer from one Participating Company to another shall not be treated as a termination of employment. 

    (b)  Leave of Absence.  For purposes of the Plan, employment shall not be deemed to terminate when the
Participant goes on a military leave, a sick leave or another bona fide leave of absence, if the leave was approved by the Company in writing.
Employment, however, shall be deemed to terminate 90 days after the Participant goes on a leave, unless a contract or statute guarantees his or her right to return to work. Employment shall be
deemed to terminate in any event when the approved leave ends, unless the Participant immediately returns to work. 

    (c)  Death.  In the event of the Participant's death, the amount credited to his or her Plan Account
shall be paid to a beneficiary designated by him or her for this purpose on the prescribed form or, if none, to the Participant's estate. Such form shall be valid only if it was filed with the Company
at the prescribed location before the Participant's death. 

SECTION 7. PLAN ACCOUNTS AND PURCHASE OF SHARES.  

    (a)  Plan Accounts.  The Company shall maintain a Plan Account on its books in the name of each
Participant. Whenever an amount is deducted from the Participant's Compensation under the Plan, such amount shall be credited to the Participant's Plan Account. Amounts credited to Plan Accounts shall
not be trust funds and may be commingled with the Company's general assets and applied to general corporate purposes. No interest shall be credited to Plan Accounts. 

2

 

    (b)  Purchase Price.  The Purchase Price for each share of Stock purchased at the close of an Offering
Period shall be the lower of: 

     (i) 85%
of the Fair Market Value of such share on the last trading day in such Offering Period; or 

    (ii) 85%
of the Fair Market Value of such share on the last trading day before the commencement of such Offering Period or, in the case of the first Offering Period
under the Plan, 85% of the price at which one share of Stock is offered to the public in the IPO. 

    (c)  Number of Shares Purchased.  As of the last day of each Offering Period, each Participant shall be
deemed to have elected to purchase the number of shares of Stock calculated in accordance with this Subsection (c), unless the Participant has previously elected to withdraw from the Plan in
accordance with Section 5(a). The amount then in the Participant's Plan Account shall be divided by the Purchase Price, and the number of shares that results shall be purchased from the Company
with the funds in the Participant's Plan Account. The foregoing notwithstanding, no Participant shall purchase more than 1,500 shares of Stock with respect to any Offering Period nor more than the
amounts of Stock set forth in Sections 8(b) and 13(a). The Committee may determine with respect to all Participants that any fractional share, as calculated under this Subsection (c), shall be
(i) rounded down to the next lower whole share or (ii) credited as a fractional share. 

    (d)  Available Shares Insufficient.  In the event that the aggregate number of shares that all
Participants elect to purchase during an Offering Period exceeds the maximum number of shares remaining available for issuance under Section 13(a), then the number of shares to which each
Participant is entitled shall be determined by multiplying the number of shares available for issuance by a fraction, the numerator of which is the number of shares that such Participant has elected
to purchase and the denominator of which is the number of shares that all Participants have elected to purchase. 

    (e)  Issuance of Stock.  Certificates representing the shares of Stock purchased by a Participant under
the Plan shall be issued to him or her as soon as reasonably practicable after the close of the applicable Offering Period, except that the Committee may determine that such shares shall be held for
each Participant's benefit by a broker designated by the Committee (unless the Participant has elected that certificates be issued to him or her). Shares may be registered in the name of the
Participant or jointly in the name of the Participant and his or her spouse as joint tenants with right of survivorship or as community property. 

    (f)  Unused Cash Balances.  Any amount remaining in the Participant's Plan Account that represents the
Purchase Price for a fractional share shall be carried over in the Participant's Plan Account to the next Offering Period. Any amount remaining in the Participant's Plan Account that represents the
Purchase Price for whole shares that could not be purchased by reason of Subsection (c) or (d) above, Section 8(b) or Section 13(a) shall be refunded to the Participant in
cash, without interest. 

    (g)  Stockholder Approval.  Any other provision of the Plan notwithstanding, no shares of Stock shall be
purchased under the Plan unless and until the Company's stockholders have approved the adoption of the Plan. 

SECTION 8. LIMITATIONS ON STOCK OWNERSHIP.  

    (a)  Five Percent Limit.  Any other provision of the Plan notwithstanding, no Participant shall be
granted a right to purchase Stock under the Plan if such Participant, immediately after his or her election to purchase such Stock, would own stock possessing more than 5% of the total combined 

3

 

voting power or value of all classes of stock of the Company or any parent or Subsidiary of the Company. For purposes of this Subsection (a), the following rules shall apply: 

     (i) Ownership
of stock shall be determined after applying the attribution rules of section 424(d) of the Code; 

    (ii) Each
Participant shall be deemed to own any stock that he or she has a right or option to purchase under this or any other plan; and 

    (iii) Each
Participant shall be deemed to have the right to purchase 1,500 shares of Stock under this Plan with respect to each Offering Period. 

    (b)  Dollar Limit.  Any other provision of the Plan notwithstanding, no Participant shall purchase Stock
with a Fair Market Value in excess of the following limit: 

     (i) In
the case of Stock purchased during an Offering Period that commenced in the current calendar year, the limit shall be equal to (A) $25,000 minus
(B) the Fair Market Value of the Stock that the Participant previously purchased in the current calendar year (under this Plan and all other employee stock purchase plans of the Company or any
parent or Subsidiary of the Company). 

    (ii) In
the case of Stock purchased during an Offering Period that commenced in the immediately preceding calendar year, the limit shall be equal to (A) $50,000
minus (B) the Fair Market Value of the Stock that the Participant previously purchased (under this Plan and all other employee stock purchase plans of the Company or any parent or Subsidiary of
the Company) in the current calendar year and in the immediately preceding calendar year. 

For
purposes of this Subsection (b), the Fair Market Value of Stock shall be determined in each case as of the beginning of the Offering Period in which such Stock is purchased. Employee stock
purchase plans not described in section 423 of the Code shall be disregarded. If a Participant is precluded by this Subsection (b) from purchasing additional Stock under the Plan, then
his or her employee contributions
shall automatically be discontinued and shall resume at the beginning of the earliest Offering Period ending in the next calendar year (if he or she then is an Eligible Employee). 

SECTION 9. RIGHTS NOT TRANSFERABLE.  

    The rights of any Participant under the Plan, or any Participant's interest in any Stock or moneys to which he or she may be entitled under the Plan, shall not
be transferable by voluntary or involuntary assignment or by operation of law, or in any other manner other than by beneficiary designation or the laws of descent and distribution. If a Participant in
any manner attempts to transfer, assign or otherwise encumber his or her rights or interest under the Plan, other than by beneficiary designation or the laws of descent and distribution, then such act
shall be treated as an election by the Participant to withdraw from the Plan under Section 5(a). 

SECTION 10. NO RIGHTS AS AN EMPLOYEE.  

    Nothing in the Plan or in any right granted under the Plan shall confer upon the Participant any right to continue in the employ of a Participating Company for
any period of specific duration or interfere with or otherwise restrict in any way the rights of the Participating Companies or of the Participant, which rights are hereby expressly reserved by each,
to terminate his or her employment at any time and for any reason, with or without cause. 

4

 

SECTION 11. NO RIGHTS AS A STOCKHOLDER.  

    A Participant shall have no rights as a stockholder with respect to any shares of Stock that he or she may have a right to purchase under the Plan until such
shares have been purchased on the last day of the applicable Offering Period. 

SECTION 12. SECURITIES LAW REQUIREMENTS.  

    Shares of Stock shall not be issued under the Plan unless the issuance and delivery of such shares comply with (or are exempt from) all applicable requirements
of law, including (without limitation) the Securities Act of 1933, as amended, the rules and regulations promulgated thereunder, state securities
laws and regulations, and the regulations of any stock exchange or other securities market on which the Company's securities may then be traded. 

SECTION 13. STOCK OFFERED UNDER THE PLAN.  

    (a)  Authorized Shares.  The number of shares of Stock available for purchase under the Plan (which
includes the International Employee Stock Purchase Plan if and to the extent implemented) shall be 1,666,666 (subject to adjustment pursuant to this Section 13). On June 1 of each year,
commencing with June 1, 2000, the aggregate number of shares of Stock available for purchase during the life of the Plan (which includes the International Employee Stock Purchase Plan if and to
the extent implemented) shall automatically be increased by a number equal to the lesser of (a) 2% of the total number of shares of Stock then outstanding or (b) 1,666,666 (subject to
adjustment pursuant to this Section 13). 

    (b)  Anti-Dilution Adjustments.  The aggregate number of shares of Stock offered under the
Plan, the 1,500-share limitation described in Section 7(c) and the price of shares that any Participant has elected to purchase shall be adjusted proportionately by the Committee
for any increase or decrease in the number of outstanding shares of Stock resulting from a subdivision or consolidation of shares or the payment of a stock dividend, any other increase or decrease in
such shares effected without receipt or payment of consideration by the Company, the distribution of the shares of a Subsidiary to the Company's stockholders or a similar event. 

    (c)  Reorganizations.  Any other provision of the Plan notwithstanding, immediately prior to the
effective time of a Corporate Reorganization, the Offering Period then in progress shall terminate and shares shall be purchased pursuant to Section 7, unless the Plan is continued or assumed
by the surviving corporation or its parent corporation. The Plan shall in no event be construed to restrict in any way the Company's right to undertake a dissolution, liquidation, merger,
consolidation or other reorganization. 

SECTION 14. AMENDMENT OR DISCONTINUANCE.  

    The Board shall have the right to amend, suspend or terminate the Plan at any time and without notice. Except as provided in Section 13, any increase in
the aggregate number of shares of Stock to be issued under the Plan shall be subject to approval by a vote of the stockholders of the Company. In addition, any other amendment of the Plan shall be
subject to approval by a vote of the stockholders of the Company to the extent required by an applicable law or regulation. 

SECTION 15. INTERNATIONAL EMPLOYEE STOCK PURCHASE PLAN.  

    Adoption of the Plan by the Board and approval of the Plan by the stockholders of the Company shall constitute adoption by the Board and approval by the
stockholders of the Company of the International Employee Stock Purchase Plan described herein. If the laws of a foreign jurisdiction require an amendment to the Plan that (a) would disqualify
the Plan as a plan that satisfies the 

5

 

requirements of Code Section 423 or (b) would not be required under any law of the United States including Code Section 423, then a separate but identical employee stock purchase
plan may be implemented for Foreign Participants (as defined below). The plan for Participants who are not Foreign Participants will continue to be called the Plan, and the plan for Foreign
Participants will be called the International Employee Stock Purchase Plan. A separate plan document will be created to evidence the International Employee Stock Purchase Plan when it is implemented.
Except as otherwise amended to comply with applicable laws of a foreign jurisdiction, the terms of the International Employee Stock Purchase Plan will be identical to the Plan. 

    Each
Participant who (a) is not a U.S. citizen or (b) is a U.S. citizen working abroad who is not paid in U.S. currency ("Foreign Participant") will be automatically
deemed to participate in this International Employee Stock Purchase Plan, instead of the Plan. With respect to each such Foreign Participant, the initial offering period for this International
Employee Stock Purchase Plan shall be deemed to have commenced at the same time as the offering period that is in progress under the Plan when the International Employee Stock Purchase Plan is
initially implemented. 

    The
Plan and the International Employee Stock Purchase Plan (if and to the extent implemented) will have the same share reserve. Thus, the number of shares of Stock available for
purchase in the aggregate over the term of the Plan (which includes the International Employee Stock Purchase Plan if and to the extent implemented) shall be 1,666,666 (subject to adjustment pursuant
to Section 13). As of June 1 of each year, commencing with the year 2000, the aggregate number of shares of Stock available for purchase during the life of the Plan (which includes the
International Employee Stock Purchase Plan if and to the extent implemented) shall automatically increase by a number equal to the lesser of (a) 2% of the total number of shares of Stock then
outstanding or (b) 1,666,666 (subject to adjustment pursuant to Section 13). If the International Employee Stock Purchase Plan is implemented, the share issuances under the Plan shall
reduce on a share-for-share basis the number of shares available for issuance under the International Employee Stock Purchase Plan, and share issuances under the International
Employee Stock Purchase Plan shall reduce on a share-for-share basis the number of shares available for issuance under the Plan. 

SECTION 16. DEFINITIONS.  

    (a)  "Board"  means the Board of Directors of the Company, as constituted from time to time. 

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

    (c)  "Committee"  means the Compensation Committee of the Board. 

    (d)  "Company"  means Liberate Technologies, a Delaware corporation. 

    (e)  "Compensation"  means (i) the total compensation paid in cash to a Participant by a
Participating Company, including salaries, wages, bonuses, incentive compensation, commissions, overtime pay and shift premiums, plus (ii) any pre-tax contributions made by the
Participant under section 401(k) or 125 of the Code. "Compensation" shall exclude all non-cash items, moving or relocation allowances, cost-of-living
equalization payments, car allowances, tuition reimbursements, imputed income attributable to cars or life insurance, severance pay, fringe benefits, contributions or benefits received under employee
benefit plans, income attributable to the exercise of stock options, and similar items. The Committee shall determine whether a particular item is included in Compensation. 

    (f)  "Corporate Reorganization"  means: 

     (i) The
consummation of a merger or consolidation of the Company with or into any other entity or any other corporate reorganization; or 

6

 

    (ii) The sale, transfer of other disposition of all or substantially all of the Company's assets or the complete liquidation or dissolution of the Company. 

    (g)  "Eligible Employee"  means any employee of a Participating Company who meets the following
requirements: his or her customary employment is for more than five months per calendar year and for more than 20 hours per week. The foregoing notwithstanding, an individual shall not be
considered an Eligible Employee if his or her participation in the Plan is prohibited by the law of any country which has jurisdiction over him or her or if he or she is subject to a collective
bargaining agreement that does not provide for participation in the Plan. 

    (h)  "Exchange Act"  means the Securities Exchange Act of 1934, as amended. 

    (i)  "Fair Market Value"  means the market price of Stock, determined by the Committee as follows: 

     (i) If
the Stock was traded on The Nasdaq National Market on the date in question, then the Fair Market Value shall be equal to the last-transaction price
quoted for such date by The Nasdaq National Market; 

    (ii) If
the Stock was traded on a stock exchange on the date in question, then the Fair Market Value shall be equal to the closing price reported by the applicable
composite transactions report for such date; or 

    (iii) If
none of the foregoing provisions is applicable, then the Fair Market Value shall be determined by the Committee in good faith on such basis as it deems
appropriate. 

Whenever
possible, the determination of Fair Market Value by the Committee shall be based on the prices reported in The Wall Street Journal or as
reported directly to the Company by Nasdaq or a stock exchange. Such determination shall be conclusive and binding on all persons. 

    (j)  "IPO"  means the initial offering of Stock to the public pursuant to a registration statement filed
by the Company with the Securities and Exchange Commission. 

    (k)  "Offering Period"  means a six-month period with respect to which the right to purchase
Stock may be granted under the Plan, as determined pursuant to Section 3(a). 

    (l)  "Participant"  means an Eligible Employee who elects to participate in the Plan, as provided in
Section 3(b). 

    (m)  "Participating Company"  means (i) the Company and (ii) each present or future
Subsidiary designated by the Committee as a Participating Company, as indicated on Exhibit A. 

    (n)  "Plan"  means this Liberate Technologies 1999 Employee Stock Purchase Plan, as it may be amended
from time to time. 

    (o)  "Plan Account"  means the account established for each Participant pursuant to Section 7(a). 

    (p)  "Purchase Price"  means the price at which Participants may purchase Stock under the Plan, as
determined pursuant to Section 7(b). 

    (q)  "Stock"  means the Common Stock of the Company. 

    (r)  "Subsidiary"  means any corporation (other than the Company) in an unbroken chain of corporations
beginning with the Company, if each of the corporations other than the last corporation in the unbroken chain owns stock possessing 50% or more of the total combined voting power of all classes of
stock in one of the other corporations in such chain. 

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EXHIBIT A    
    
    Participating Companies    
  

Liberate
Technologies 

Network
Computer Incorporated Nederland B.V. 

8

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LIBERATE TECHNOLOGIES 1999 EMPLOYEE STOCK PURCHASE PLAN (AS ADOPTED MAY 17, 1999 AND AMENDED MAY 25, 2000)

TABLE OF CONTENTS

Liberate Technologies 1999 Employee Stock Purchase Plan

EXHIBIT A Participating Companies<PAGE>

                                                                     Exhibit 4.2

              CERTIFICATE OF DESIGNATION OF RIGHTS AND PREFERENCES

                                       OF

                             SENIOR PREFERRED STOCK

                                       OF

                             BIZNESSONLINE.COM, INC.
                             a Delaware Corporation

        Pursuant to the Provisions of Section 151 of the General Corporation Law
of the State of Delaware.

         BiznessOnline.com, Inc., a Delaware corporation (the "COMPANY"), acting
pursuant to Section 151 of the General Corporation Law of Delaware, does hereby
submit the following Certificate of Designation of Series and Designation of
Rights and Preferences of its Senior Preferred Stock.

         FIRST: The name of the Company is BiznessOnline.com, Inc.

         SECOND: By unanimous consent of the Board of Directors of the Company
dated December 31, 2001, the following resolutions were duly adopted:

         WHEREAS the Certificate of Incorporation of the Company authorizes
preferred stock consisting of 1,000,000 shares, par value $0.01 per share,
issuable from time to time in one or more series; and

         WHEREAS the Board of Directors of the Company is authorized, subject to
limitations prescribed by law and by the provisions of Article Sixth of the
Company's Certificate of Incorporation, as amended, to establish and fix the
number of shares to be included in any series of Preferred Stock and the
designation, rights, preferences, powers, restrictions and limitations of the
shares of such series; and

         WHEREAS it is the desire of the Board of Directors to establish and fix
the number of shares to be included in a new series of Preferred Stock and the
designation, rights, preferences and limitations of the shares of such new
series;

         NOW, THEREFORE, BE IT RESOLVED that pursuant to Article Sixth of the
Company's Certificate of Incorporation, as amended, there is hereby established
the following new series of Preferred Stock: 50,000 shares of Senior Preferred
Stock (the "SENIOR PREFERRED STOCK"), to have the designation, rights,
preferences, powers, restrictions and limitations set forth in a supplement of
Article Sixth as follows:

<PAGE>

SENIOR PREFERRED STOCK.

         1. DEFINITIONS. As used in subsection A of this ARTICLE SIXTH,
capitalized terms not otherwise defined herein shall have the meanings given to
such terms in the Purchase Agreement. In addition, the following capitalized
terms have the following meanings:

         "AMENDED CREDIT AGREEMENT" means that certain Credit Facility Agreement
dated as of March 16, 2000, as amended, including pursuant to that certain
Amendment Number Two to Credit Facility Agreement dated as of December 31, 2001,
by and among the Company and the Lenders (as defined therein) thereto (the
"Second Amendment"), and as such may be amended from time to time thereafter.

         "BY-LAWS" means the By laws of the Company, as amended and in effect
from time to time.

         "BOARD" means the Board of Directors of the Company.

         "CERTIFICATE OF INCORPORATION" means the Certificate of Incorporation
of the Company as amended and restated and in effect at the time in question.

         "CHANGE OF CONTROL" means the occurrence of any of the following
events: (i) all or substantially all of the Company's assets, on a consolidated
basis, are sold as an entirety to any Person or related group of Persons or
there shall be consummated any consolidation or merger of the Company (A) in
which the Company is not the continuing or surviving company (other than a
consolidation or merger with a wholly-owned Subsidiary of the Company in which
all shares of Common Stock outstanding immediately prior to the effectiveness
thereof are changed into or exchanged for the same consideration) or (B)
pursuant to which the Common Stock would be converted into cash, securities or
other property, in any case, other than a consolidation or merger of the Company
in which the holders of the Common Stock immediately prior to the sale of assets
or consolidation or merger have, directly or indirectly, at least a majority of
the common stock of the transferee or continuing or surviving company
immediately after such sale of assets or consolidation or merger, (ii) any
"person" other than any stockholder who as of the date hereof (including,
without limitation, after taking into account the consummation of the
transactions contemplated by the Purchase Agreement) is a beneficial owner of
more than 30% of the total voting power of the outstanding capital stock of the
Company on a Fully-Diluted Basis or an Affiliate of such a stockholder (as such
term is used in Sections 13(d) and 14(d) of the Exchange Act), is or becomes the
beneficial owner (as defined in Rules 13d-3 and 13d-5 of the Exchange Act;
provided that such person shall be deemed to have "beneficial ownership" of all
shares that such person has the right to acquire, whether such right is
exercisable immediately or only after the passage of time), directly or
indirectly, of more than 30% of the total voting power of the outstanding
capital stock of the Company on a Fully-Diluted Basis.

         "COMMON STOCK" means, collectively, all of the Common Stock, par value
$0.01 per share, of the Company of any class, and any other class of capital
stock of the Company hereafter authorized that is not limited to a fixed sum or
percentage of par or

                                     - 2 -
<PAGE>

stated value in respect to the rights of the holders thereof to participate in
dividends or in the distribution of assets upon any liquidation, dissolution or
winding up of the Company.

         "EXCHANGE DATE" shall mean (X) January 6, 2002 if, on or before such
date, the Senior Preferred Holders have not received the Disclosure Schedules to
the Purchase Agreement, (Y) January 31, 2002 if, on or before such date, (i) the
Board of Directors of the Company has not received a fairness opinion from an
investment banking firm reasonably acceptable to the Board of Directors of the
Company to the effect that the transactions contemplated by the Amended Credit
Agreement and the Purchase Agreement are fair to the Company from a financial
point of view, and (ii) the Senior Preferred Holders have not received an
opinion from counsel to the Company reasonably acceptable to the Senior
Preferred Holders, in form and substance reasonably satisfactory to the Senior
Preferred Holders in accordance with the Purchase Agreement, or (Z) June 30,
2002 if, on or before such date, the Company has not obtained all required State
Consents (as defined in the Purchase Agreement), as set forth in SECTION 9.2 of
the Disclosure Schedule to the Purchase Agreement.

         "FULLY-DILUTED BASIS" means, when referring to the computation of a
percentage of one or more classes of securities held by a Person, the percentage
that the number of shares of such class or classes of securities that would be
held by such Person after giving effect to the full exercise of any options or
warrants, the full conversion of any convertible Securities and the full
exchange of any exchangeable Securities held by such Person, whether or not such
warrants, options or convertible or exchangeable Securities are then
exercisable, convertible or exchangeable, as the case may be, bears to the
aggregate number of shares that would be outstanding after giving effect to the
full exercise of all warrants or options, the full conversion of any convertible
Securities and the full exchange of any exchangeable Securities held by all
Persons, whether or not such warrants, options or convertible or exchangeable
Securities are then exercisable.

         "FUNDAMENTAL CHANGE" means (a) a sale or transfer of more than 50% of
the assets of the Company on a consolidated basis in any transaction or series
of related transactions or (b) any merger or consolidation to which the Company
is a party or sale of all or substantially all of the outstanding capital stock
of the Company, except for a merger in which the Company is the surviving
corporation and, after giving effect to such merger, the holders of the
Company's outstanding capital stock (on a Fully-Diluted Basis) immediately prior
to the merger will own outstanding capital stock of the surviving corporation
(on a Fully-Diluted Basis) having a majority of the ordinary voting power to
elect the board of directors of the surviving corporation.

         "JUNIOR STOCK" means Common Stock, the Class A Preferred Stock, First
Series of the Company and any other shares of capital stock of the Company other
than the Senior Preferred Stock and Senior Securities.

         "LIQUIDATION" means, subject to the provisions of SECTION 3, any
voluntary or involuntary liquidation, dissolution or winding up of the affairs
of the Company.

         "LIQUIDATION VALUE" shall mean Original Cost.

                                     - 3 -
<PAGE>

         "MATURITY DATE" means the earliest of (a) the date of a Change of
Control, (b) the date of a Fundamental Change, (c) December 31, 2006, (d) the
date of a Liquidation, (e) the Exchange Date or (f) upon the occurrence of any
Event of Default under and as defined in the Amended Credit Agreement.

         "NET PROCEEDS" of any transaction shall mean the gross proceeds of such
transaction net of any commissions or transaction fees and expenses paid by the
Company in connection with such transaction.

         "ORIGINAL COST" means, with respect to each share of Senior Preferred
Stock, $100.

         "PERSON" shall be construed broadly and shall include, without
limitation, an individual, a partnership, a corporation, an association, a joint
stock company, a limited liability company, a trust, a joint venture, an
unincorporated organization and a Governmental Authority.

         "PURCHASE AGREEMENT" means the Preferred Stock and Warrant Purchase
Agreement, dated as of December 31, 2001, between the Company and the [Investor]
(as defined therein), as amended, restated or otherwise modified from time to
time.

         "RATE PER ANNUM" means the specified rate per annum computed on the
basis of actual days elapsed in a 360-day year.

         "REDEMPTION EVENT" has the meaning ascribed to it in SECTION 6(A) of
this ARTICLE IV.

         "REDEMPTION PRICE" has the meaning ascribed to it in SECTION 6(A) of
this ARTICLE IV.

         "REQUISITE SENIOR PREFERRED HOLDERS" means the holders of a majority of
the then outstanding shares of Senior Preferred Stock.

         "SENIOR PREFERRED HOLDERS" means holders of Senior Preferred Stock.

         "SENIOR SECURITIES" means any shares of capital stock of the Company
created in compliance with the provisions hereof, which rank senior or prior, or
in preference, to the Senior Preferred Stock with respect to dividends or the
distribution of the Company's assets upon a Liquidation.

         "STOCKHOLDERS AGREEMENT" means the Investor Rights Agreement of the
Company, dated as of December 31, 2001, as amended, restated or otherwise
modified from time to time.

         "WARRANT" has the meaning given to such term in the Purchase Agreement.

                                     - 4 -
<PAGE>

         2. DIVIDENDS.

         (a) The Senior Preferred Holders shall be entitled to receive, out of
funds legally available therefor, cumulative dividends on the Original Cost of
the shares of Senior Preferred Stock at the Rate per Annum of 12.0% (subject to
appropriate adjustments in the event of any stock dividend, stock split,
combination or other similar recapitalization affecting such shares) per share
per annum, payable in preference and priority to any payment of any cash
dividend on Junior Stock, when and as declared by the Board.

         (b) Such dividends shall accrue with respect to each share of Senior
Preferred Stock from the date on which such share is issued and outstanding and
thereafter shall be deemed to accrue on a quarterly basis whether or not earned
or declared and whether or not there exists profits, surplus or other funds
legally available for the payment of dividends, and shall be cumulative so that
if such dividends on the Senior Preferred Stock shall not have been paid, or
declared and set apart for payment, the deficiency shall be fully paid or
declared and set apart for payment before any dividend shall be paid or declared
or set apart for any Junior Stock and before any purchase, acquisition or
redemption of any Junior Stock is made by the Company.

         (c) Dividends shall be payable in cash, quarterly in arrears, beginning
March 31, 2002 to the extent that funds are legally available therefor and the
payment of such dividends does not violate the provisions of any agreement or
instrument to which the Company is a party. To the extent dividends are not paid
on March 31, 2002 and each June 30, September 30, December 31, and March 31
thereafter, (each a "DIVIDEND REFERENCE DATE") all dividends which have accrued
on each share of outstanding Senior Preferred Stock during the period ending on
each Dividend Reference Date shall be accumulated and shall remain accumulated
and accrue dividends with respect to such share of Senior Preferred Stock until
paid in full in cash to the holder thereof, whether or not there are funds
legally available for the payment of such dividends and whether or not such
dividends are declared. Each dividend paid in cash shall be mailed to the
holders of record of the Senior Preferred Stock as their names and addresses
appear on the share register of the Company or at the office of the transfer
agent on the corresponding dividend payment date.

         3. LIQUIDATION. In the event of any Liquidation of the Company, the
Senior Preferred Holders shall be entitled to be paid out of the assets of the
Company legally available for distribution to its stockholders, after and
subject to the payment in full of all amounts required to be distributed to the
holders of any other class or series of stock of the Company ranking on
liquidation prior and in preference to the Senior Preferred Stock, but before
any payment shall be made to the holders of Junior Stock by reason of their
ownership thereof, an amount equal to the Liquidation Value per share of Senior
Preferred Stock plus any accrued and unpaid dividends. If upon any such
Liquidation of the Company the remaining assets of the Company available for
distribution to its stockholders shall be insufficient to pay the holders of
shares of Senior Preferred Stock the full amount to which they shall be
entitled, the holders of shares of Senior Preferred Stock and any class or
series of stock ranking on liquidation on a parity with the Senior Preferred
Stock shall share ratably in any distribution of the remaining assets and funds
of the Company in proportion to the respective amounts which would otherwise be

                                     - 5 -
<PAGE>

payable in respect of the shares held by them upon such distribution if all
amounts payable on or with respect to such shares were paid in full.

         4. VOTING RIGHTS.

         (a) In addition to the voting rights of the Senior Preferred Holders
required by law or pursuant to the Stockholders Agreement, the Purchase
Agreement or paragraph (b) of SECTION 5 below, the Senior Preferred Holders
shall be entitled to vote with the holders of Common Stock, together as a single
class with such holders of Common Stock, on all matters on which such holders of
Common Stock shall have a right to vote. The Senior Preferred Holders shall have
an aggregate number of votes on all such matters equal to 45% of the total votes
held by the holders of Common Stock and the Senior Preferred Holders voting
together as a single class (subject to reduction to the extent that any of the
Warrants are exercised such that the aggregate number of votes held by the
Senior Preferred Holders and the holders of Warrant Shares shall equal 45% of
the total votes held by the holders of Common Stock (including the Warrant
Shares) and the Senior Preferred Holders, voting together as a single class),
and each Senior Preferred Holder shall have its pro rata portion of the total
votes held by all the Senior Preferred Holders based upon the aggregate number
of shares of Senior Preferred Stock it holds as of the date of such vote or, if
earlier, the record date therefor, if any.

         (b) The Company shall not, without the affirmative consent or approval
of the Requisite Senior Preferred Holders:

                  (i) in any manner authorize, issue or sell any shares of (A)
         Senior Preferred Stock other than as contemplated by the Purchase
         Agreement or (B) Senior Securities or (C) Capital Stock that ranks pari
         passu with the Senior Preferred Stock with respect to dividends or the
         distribution of the Company's assets upon a Liquidation;

                  (ii) reclassify, cancel or in any manner alter or change the
         terms, designations, powers, preferences or relative, optional or other
         special rights, or the qualifications, limitations or restrictions, of
         the Senior Preferred Stock;

                  (iii) amend, repeal, modify or otherwise change any provision
         of this ARTICLE SIXTH (whether by merger, consolidation or otherwise);

                  (iv) amend, repeal or modify any provision of the Certificate
         of Incorporation or By-laws in a manner that would adversely affect the
         powers, preferences, privileges or rights of the Senior Preferred Stock
         or Senior Preferred Holders;

                  (v) take any action that would result in an increase in the
         principal amount of the Company's aggregate outstanding indebtedness of
         Five Million Dollars ($5,000,000) or more, in one or more transactions;

                                     - 6 -
<PAGE>

                  (vi) redeem, acquire, purchase or repurchase, or agree or
         undertake to do any of the foregoing with respect to, any Capital Stock
         of the Company, other than Senior Securities and the Senior Preferred
         Stock;

                  (vii) declare, set aside or pay any dividends or otherwise
         make any distributions in respect of any Capital Stock of the Company,
         other than the Senior Preferred Stock and Senior Securities;

                  (viii) make any material change in the nature of the Company's
         business as it existed on December 31, 2001;

                  (ix) increase the number of directors constituting the Board
         of Directors to more than six (6) directors;

                  (x) enter into any contract, arrangement or transaction with
         an affiliate of the Company, other than a direct or indirect
         wholly-owned subsidiary of the Company; or

                  (xi) effect any sale, lease or other disposition of assets
         (including assets or capital stock of the Company's subsidiaries) with
         a fair market value in excess of $1,000,000.

         5. SENIOR PREFERRED DIRECTOR.

         (a) ELECTION. The Senior Preferred Holders shall be entitled to elect
one (1) director to the Company's Board of Directors, to serve for a term of
three (3) years or, longer, until his successor is duly elected and qualified.
The director elected by the Senior Preferred Holders shall serve on the audit
committee (or similar committee) and compensation committee (or similar
committee) of the Company's Board of Directors, if any.

         (b) QUORUM. At any meeting held for the purpose of electing directors
to be elected by the Senior Preferred Holders, the presence in person or by
proxy of the Requisite Senior Preferred Holders shall constitute a quorum of the
Senior Preferred Stock for the election of the director to be elected solely by
the Senior Preferred Holders.

         (c) REQUIRED VOTE. With respect to the election of any director by the
Senior Preferred Holders, such director may be elected by the affirmative vote
of the Requisite Senior Preferred Holders at a meeting duly called for such
purpose at which a quorum is present or by written consent of signed by the
Requisite Senior Preferred Holders.

         (d) VACANCY. If there shall be any vacancy in the office of the
director elected by the Senior Preferred Holders, then a successor to hold
office for the unexpired term of such director may be elected by the affirmative
vote of the Requisite Senior Preferred Holders at a meeting duly called for such
purpose at which a quorum is present or by written consent signed by the
Requisite Senior Preferred Holders.

                                     - 7 -
<PAGE>

         (e) REMOVAL. Any director who shall have been elected to the Board of
Directors of the Company by the Senior Preferred Holders may be removed during
his or her term of office, either with or without cause, by, and only by, the
affirmative vote of the Requisite Senior Preferred Holders at a meeting duly
called for such purpose at which a quorum is present or by written consent
signed by the Requisite Senior Preferred Holders, and any vacancy created by
such removal may be filled only in the manner provided herein.

         (f) PROCEDURES. Any meeting of the Senior Preferred Holders and any
action taken by the Senior Preferred Holders by written consent without a
meeting in order to elect or remove a director hereunder shall be held in
accordance with the procedures and provisions of the Company's Bylaws, the
Delaware General Corporation Law and applicable law regarding shareholder
meetings and shareholder actions by written consent, as such are then in effect
(including, without limitation, the procedures and provisions for determining
the record date for shares entitled to vote).

         (g) NO EFFECT. The provisions of this SECTION 5 shall not affect in any
manner any other voting rights which the Senior Preferred Holders may have
pursuant hereto, the Company's Certificate of Incorporation or applicable law.

         6. REDEMPTION.

         (a) Unless the provisions of this SECTION 6 are waived by the Requisite
Senior Preferred Holders, the Company shall redeem all of the shares of Senior
Preferred Stock then outstanding on the Maturity Date. The per share redemption
price at which shares of Senior Preferred Stock are to be redeemed pursuant to
this SECTION 6(A) shall be equal to the Liquidation Value plus any accrued and
unpaid dividends (the "REDEMPTION PRICE"). To the extent that the Company does
not have funds legally available to redeem all of the Senior Preferred Stock,
the Company shall, to the extent of its funds legally available therefor, redeem
the Senior Preferred Stock from the Senior Preferred Holders on a pro rata basis
based upon the number of shares of Senior Preferred Stock held by each such
holder, and all remaining shares of Senior Preferred Stock shall be exchanged in
accordance with SECTION 7 hereof.

         (b) On and after the payment of the Redemption Price or any date set
for redemption (the "REDEMPTION DATE") pursuant to this SECTION 6 (unless
default shall be made by the Company in the payment of the Redemption Price, in
which event such rights shall be exercisable until such default is cured), all
rights in respect of the shares of the Senior Preferred Stock to be redeemed,
except the right to receive the Redemption Price, shall cease and terminate, and
such shares shall no longer be deemed to be outstanding, whether or not the
certificates representing such shares have been received by the Company.

         (c) Any communication or notice relating to redemption given pursuant
to this SECTION 6 shall be sent by first-class certified mail, return receipt
requested, postage prepaid, to the Senior Preferred Holders, at their respective
addresses as the same shall

                                     - 8 -
<PAGE>

appear on the books of the Company, or to the Company at the address of its
principal, or registered office, as the case may be.

         (d) At any time on or after the Redemption Date, the Senior Preferred
Holders shall be entitled to receive the Redemption Price upon actual delivery
to the Company or its agents of the certificates representing the shares of the
Class A Preferred Stock to be redeemed.

         (e) Any redemption payments by the Company pursuant to this SECTION 6
shall be paid in cash by wire transfer of immediately available funds or bank or
cashier's check.

         (f) Any shares of Senior Preferred Stock which are redeemed, or
otherwise acquired by the Company shall be canceled and shall not be reissued,
sold or transferred as Senior Preferred Stock but such shares shall become
unclassified Preferred Stock of the Company (as treasury shares).

         7. EXCHANGE.

         (a) If the Company is to redeem the Senior Preferred Stock on the
Exchange Date pursuant to SECTION 6 hereof, to the extent that the Company does
not have funds legally available to redeem all of the shares of Senior Preferred
Stock on such date, the Company shall exchange all of the shares of Senior
Preferred Stock then outstanding on the Exchange Date and not so redeemed, plus
all accrued and unpaid dividends thereon, into senior secured debt of the
Company pursuant to Section 1.1 of the Second Amendment (the "Exchanged Debt")
with a principal amount of $1,000 for each $1,000 of Liquidation Value of such
Senior Preferred Stock and accrued, but unpaid dividends thereon. The Exchanged
Debt shall be on terms and conditions which are the same as the terms and
conditions (including, without limitation, provisions for the payment of
interest and repayment of principal) as all other indebtedness for borrowed
money under the Amended Credit Agreement, and shall be secured by the same
collateral as the debt under the Amended Credit Agreement, in each case MUTATIS
MUTANDIS. The exchange of shares of Senior Preferred Stock pursuant to this
SECTION 7 shall be effective immediately prior to the event giving rise to the
Company's redemption obligation.

         (b) The Exchanged Debt shall be noted on the appropriate books and
records of the Company and its subsidiaries and the lender(s) under the Amended
Credit Agreement. The Company hereby acknowledges its intent that the Exchanged
Debt comply with all the laws, regulations and orders of and/or administered by
the Federal Communications Commission, any state public utility commission,
public service commission or other similar governmental agency, authority,
commission or body having jurisdiction over the Company's business, or any other
statutory and regulatory requirements applicable to the Senior Preferred Holders
(or any subsequent holder) relating to its ownership, exercise and/or other
realization of rights in connection herewith. If at any time the terms and
conditions of any such ownership, exercise or other ability to realize upon
rights under this SECTION 7 violates, is in conflict with or requires any
consent under any such legal requirements, THEN the Company will use its

                                     - 9 -
<PAGE>

best efforts to amend the underlying documents (or the relevant rights therein)
and/or to file and prosecute (or to cause others to file and prosecute)
applications for any such consent in order to enable the Company and the Senior
Preferred Holders (or such subsequent holder) to be in compliance in all
material respects with such legal requirements.

         (c) An exchange pursuant to this SECTION 7 shall be made no less than
30 days following the Exchange Date on the date therefor fixed by the Company
for the exchange (the "Exchange Date") and upon surrender of the certificate or
certificates representing the shares of Senior Preferred Stock to be exchanged
hereunder.

         8. REPLACEMENT. Upon receipt of evidence reasonably satisfactory to the
Company (an affidavit of the registered holder will be satisfactory) of the
ownership and the loss, theft, destruction or mutilation of any certificate
evidencing shares of Senior Preferred Stock, the Company will (at its expense)
execute and deliver in lieu of such certificate a new certificate of like kind
representing the shares of Senior Preferred Stock, dated the date of such lost,
stolen, destroyed or mutilated certificate. No Senior Preferred Holder shall be
required to provide the Company or any Person with an indemnity or surety bond
in the case of a lost, stolen or destroyed certificate, but the holder of a
mutilated certificate shall only be entitled to a replacement certificate upon
presentation of such mutilated certificate.

         9. AMENDMENT AND WAIVER. No amendment, modification or any other
change, directly or indirectly, in any manner with respect to any term or
provision of this Certificate or the Senior Preferred Stock will be valid
without the prior written consent of the Requisite Senior Preferred Holders.

         10. NOTICES. All notices will be in writing and will be delivered by
registered or certified mail, return receipt requested, postage prepaid and will
be deemed to have been given when so mailed (i) to the Company, at its principal
executive offices and (ii) to the holder of the Senior Preferred Stock, at such
holder's address as it appears in the stock records of the Company (unless
otherwise indicated by any such holder).

                                     - 10 -
<PAGE>

IN WITNESS WHEREOF, Bizness Online, Inc. caused this Certificate to be signed by
its Chief Executive Officer and attested to by its Vice President, respectively,
on this 31st day of December 2001.

                                            BIZNESSONLINE.COM, INC.

                                            By: /s/ Mark E. Munro
                                               --------------------
                                               Name: Mark E. Munro
                                               Title: Chief Executive Officer

ATTEST:

/s/ Daniel J. Sullivan
------------------------
Name: Daniel J. Sullivan
Title: Vice President

                                     - 11 -

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