Document:

INDEPENDENT CONSULTING AGREEMENT

This  Agreement is made as of  March 17, 2000 between Concierge, Inc. ("Client")
and Dave Cook Consulting ("Consultant").

1.      Definitions:  The following definitions shall apply for purposes of this
Agreement:

        a)   "Work Product" means all  programs,  systems,  data and  materials,
             in  whatever form,  first  produced or created by or for Consultant
             as a result of, or related  to,  performance  of  work  or services
             under this Agreement.

        b)   "Background  Technology"  means  all  programs,  systems,  data and
             materials,  in whatever form, that  do  not constitute Work Product
             and are: (1) included in, or necessary  to,  the Work Product;  and
             (2) owned either  solely by  Consultant  or  licensed to Consultant
             with a right to sublicense.

2. Services Performed by Consultant:  Consultant agrees to perform the following
services for Client:

        a)   Provide consulting services to Client and Client's sub-contractors.

        b)   Provide product development services to Client.

3.      Consultant's Payment:  [Omitted Language]

4.      Expenses:

Client shall reimburse  Consultant for all reasonable travel and living expenses
necessarily incurred by Consultant while away from Consultant's regular place of
business  and  engaged in the  performance  of  services  under this  Agreement.
Consultant  agrees to maintain  appropriate  records and to submit copies of all
receipts  necessary  to  verify  such  expenses  at the time  and in the  manner
prescribed by Client.

5.      Invoices:   Consultant shall  submit invoices for all services rendered.
Client shall pay the amounts agreed to herein upon receipt of such invoices.

6.   Consultant  an  Independent   Contractor:   Consultant  is  an  independent
contractor,  and  neither  Consultant  nor  Consultant's  staff  is, or shall be
deemed,  Client's  employees.  In its  capacity  as an  independent  contractor,
Consultant agrees and represents, and Client agrees, as follows:

        a)   Consultant has  the right to perform services for others during the
             term of this Agreement subject to

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                                                                    Exhibit 10.3
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             noncompetition provisions set out in this Agreement, if any.

        b)   Consultant  has  the sole  right to  control  and direct the means,
             manner  and  method  by  which  the  services   required   by  this
             Agreement will be performed.

        c)   Consultant has  the  right to perform the services required by this
             Agreement at any place  or  location  and such times as  Consultant
             may determine.

        d)   Consultant  will  furnish  all  equipment  and  materials  used  to
             provide the services  required  by this  Agreement,  except to  the
             extent  that  Consultant's  work  must  be  performed  on  or  with
             Client's computer or existing software.

        e)   The  services  required  by  this  Agreement  shall be performed by
             Consultant,  or  Consultant's  staff,   and   Client  shall  not be
             required  to   hire,  supervise,   or pay  any  assistants  to help
             Consultant.

        f)   Consultant is  responsible  for  paying  all ordinary and necessary
             expenses of its staff.

        g)   Neither  Consultant  nor  Consultant's  staff   shall   receive any
             training  from Client  in  the  professional  skills  necessary  to
             perform the services required by this Agreement.

        h)   Neither  Consultant  nor  Consultant's  staff  shall be required to
             devote  full-time to the  performance of the services  required  by
             this Agreement.

        i)   Client shall  not provide  any  insurance  coverage of any kind for
             Consultant or Consultant's staff.

        j)   Client  shall  not  withhold  from  Consultant's  compensation  any
             amount that would normally be withheld from an employee's pay.

7.      Ownership of Consultant's Work Product:

Subject to full payment of the consulting fees due hereunder,  Consultant hereby
assigns to Client its  entire  right,  title and  interest  in the Work  Product
including all patents, copyrights, trade secrets and other proprietary rights in
or based on the Work Product.

Consultant  shall execute and aid in the  preparation  of any papers that Client
may consider necessary or helpful to obtain or maintain any patents, copyrights,
trademarks or other proprietary rights at

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               Client Initials      Consultant Initials

                                                                    Exhibit 10.3
                                                               Page 2 of 8 Pages
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no charge to Client, but at Client's expense.  Client shall reimburse Consultant
for reasonable out-of-pocket expenses incurred.

8.      Ownership of Background Technology:

Client agrees that  Consultant  shall retain any and all rights  Consultant  may
have in the  Background  Technology.  Subject to full payment of the  consulting
fees  due   hereunder,   Consultant   hereby  grants  Client  an   unrestricted,
nonexclusive,  perpetual,  fully paid-up worldwide license to use and sublicense
the use of the Background Technology for the purpose of developing and marketing
its  products,  but not for  the  purpose  of  marketing  Background  Technology
separate from its products.

9.      Confidential Information:

        a)   Consultant  agrees  that the  Work Product  is  Client's  sole  and
             exclusive property.  Consultant shall treat the Work Product  on  a
             confidential basis and not  disclose it  to any third party without
             Client's written  consent,  except  when reasonably  necessary   to
             perform the services  under this  Agreement.   Consultant  shall be
             relieved  of this  confidentiality  obligation if  and  when Client
             discloses  the  Work  Product  without any restriction upon further
             disclosure.

        b)   During  the  term  of this  Agreement  and  for 1 year  afterwards,
             Consultant  will not use or disclose  to  others  without  Client's
             written consent Client's  confidential   information,   except when
             reasonably   necessary  to   perform   the   services   under  this
             Agreement. "Confidential information" is limited to:

             i.   any written  or  tangible information  stamped "confidential,"
                  "proprietary" or with a similar legend, and

             ii.  any  written  or  tangible   information  not  marked  with  a
                  confidentiality  legend,  or  information  disclosed orally to
                  Consultant, that is treated as confidential when disclosed and
                  later summarized sufficiently for identification purposes in a
                  written  memorandum  marked  "confidential"  and  delivered to
                  Consultant within 30 days after the disclosure.

        c)   Consultant  shall  have  no  obligation  not to disclose or use any
             information that:

             i.   was in Consultant's possession or known to Consultant, without
                  an obligation to keep it

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               Client Initials      Consultant Initials

                                                                    Exhibit 10.3
                                                               Page 3 of 8 Pages
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                    confidential,  before  such  information  was  disclosed  to
                    Consultant by Client,

             ii.    is or becomes public knowledge through a  source  other than
                    Consultant and through no fault of Consultant,

             iii.   is independently developed by or for Consultant,

             iv.    is disclosed by Client to others without any  restriction on
                    use and disclosure, or

             v.     is  or  becomes  lawfully  available  to  Consultant  from a
                    source other than Client.

        d)   Client   acknowledges   and   agrees   that   the   confidentiality
             restrictions  contained  in  this Agreement  shall not apply to the
             general  knowledge,  skills  and experience gained by Consultant or
             Consultant's employees while engaged by Client.

        e)   Consultant  will  not  disclose to Client  information  or material
             that is a trade secret of any third party.

        f)   The  provisions of  this  clause shall survive any  termination  of
             this Agreement.

10.     Term of Agreement:

This Agreement will become  effective on the date indicated in the  introductory
paragraph of this  Agreement,  and will remain in effect for 12 months from such
date or until terminated as set forth in the section of this Agreement  entitled
"Termination of Agreement."

This  Agreement  shall  be  binding,  and in full  effect,  upon  any  successor
organization of either party hereto.

11.     Termination of Agreement:

        a)   Each  party  has the right to terminate this Agreement if the other
             party has  materially  breached   any  obligation  herein  and such
             breach  remains  uncured  for  a  period  of 30 days  after  notice
             thereof is sent to the other party.

        b)   If at any time after commencement of the services  required by this
             Agreement, Client shall, in its sole reasonable judgment, determine
             that such services are inadequate, unsatisfactory, no longer needed
             or substantially not conforming to the descriptions,  warranties or
             representations contained in this  Agreement,  Client may terminate
             this Agreement upon 30 days' written notice to Consultant.

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               Client Initials      Consultant Initials

                                                                    Exhibit 10.3
                                                               Page 4 of 8 Pages
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        c)   Upon termination of this Agreement for any reason, each party shall
             be  released  from  all  obligations  and  liabilities to the other
             occurring or arising after the date  of termination.   However, any
             termination  of  this Agreement shall not  relieve  Client from the
             obligation to pay Consultant for services rendered prior to receipt
             of the notice  of  termination  and  for  work  performed  or hours
             reserved for Client during the 30-day termination notice period.

12.     Return of Materials:

Upon  termination of this  Agreement,  each party shall  promptly  return to the
other all data, materials and other property of the other held by it.

13. Warranties and Representations: Consultant warrants and represents that:

        a)   Consultant  will   not   knowingly  infringe  upon  any  copyright,
             patent,  trade  secret  or  other  property  right  of  any  former
             client,  employer  or   third  party  in  the  performance  of  the
             services required by this Agreement.

        b)   Consultant  has  the  authority to enter into this Agreement and to
             perform  all obligations  hereunder, including, but not limited to,
             the  grant  of  rights  and  licenses  to  the   Work  Product  and
             Background Technology  and all  proprietary rights therein or based
             thereon.

        c)   Consultant  has   not   granted  any  rights  or  licenses  to  any
             intellectual  property  or  technology  that  would  conflict  with
             Consultant's obligations under this Agreement.

        THE WARRANTIES AND REPRESENTATIONS SET FORTH IN THIS CLAUSE ARE THE ONLY
        WARRANTIES  GRANTED  BY  CONSULTANT  WITH  RESPECT  TO THE  SOFTWARE  OR
        SERVICES FURNISHED HEREUNDER. CONSULTANT DISCLAIMS ALL OTHER WARRANTIES,
        EXPRESS  OR  IMPLIED,   INCLUDING,   WITHOUT  LIMITATION,   ANY  IMPLIED
        WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR  PURPOSE,  AND
        ANY ORAL OR WRITTEN REPRESENTATIONS,  PROPOSALS OR STATEMENTS MADE PRIOR
        TO THIS AGREEMENT.

14.     Indemnities:

Consultant  agrees to indemnify and hold harmless  Client against all losses and
liabilities  arising out of or resulting from all injuries or death or damage to
property,  including  theft,  on account of  performance  of work or services by
Consultant  or  Consultant's  employees  or  subcontractors   pursuant  to  this
Agreement.  Consultant shall maintain liability insurance  sufficient to fulfill
its obligations under this paragraph, in

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                                                                    Exhibit 10.3
                                                               Page 5 of 8 Pages
<PAGE>

amounts acceptable to Client, and shall submit proof of such insurance to Client
upon request. Such insurance may not be changed by Consultant during the term of
this Agreement with Client's prior written consent.

15.     Limitation on Consultant's Liability to Client:

        a)   In no event  shall  Consultant be liable to Client for lost profits
             of Client, or special,  incidental  or  consequential damages (even
             if  Consultant   has  been  advised  of  the  possibility  of  such
             damages).

        b)   Consultant's  total  liability  under  this  Agreement for damages,
             costs and  expenses,  regardless  of cause,  shall  not  exceed the
             total  amount of fees  paid  to  Consultant  by Client  under  this
             Agreement.

        c)   Consultant  shall  not  be liable  for  any  claim or  demand  made
             against Client by any  third party except  to the extent such claim
             or demand  relates  to  copyright,  patent,  trade secret  or other
             proprietary  rights,  and then only as provided  in the  section of
             this Agreement entitled "Warranties and Representations."

        d)   Client shall indemnify Consultant against  all  claims, liabilities
             and  costs,  including reasonable  attorney fees,  of defending any
             third  party  claim  or  suit,  other  than  for  infringement   of
             intellectual property rights,  arising out of or in connection with
             Client's  performance  under  this  Agreement.    Consultant  shall
             promptly notify Client  in writing of such claim or suit and Client
             shall  have  the  right  to  fully  control  the  defense  and  any
             settlement of the claim or suit.

16.     Employment of Assistants:

        a)   Consultant may, at Consultant's own expense, employ such assistants
             or  contractors  as  Consultant  deems  necessary  to  perform  the
             services required by this Agreement. However, Client shall have the
             right to  reject any of  Consultant's assistants  or subcontractors
             whose qualifications in Client's good faith and reasonable judgment
             are insufficient for the satisfactory  performance of  the services
             required by this Agreement.

        b)   Consultant  represents that  before an employee or subcontractor of
             Consultant  performs  any  services  required  by  this  Agreement,
             Consultant shall either:

             i.   provide  Client  with  a  signed  copy  of  any  employment or
                  independent  contractor/consulting  agreement  effecting   the
                  assignment to Consultant of such

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               Client Initials      Consultant Initials

                                                                    Exhibit 10.3
                                                               Page 6 of 8 Pages
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                    employee's  or  subcontractor's  rights in all copyrightable
                    or  patentable  software  or  other  materials   he  or  she
                    creates  as  a result of the performance of work or services
                    under this Agreement; or

               ii.  deliver   to   Client   an   Assignment   of  Rights   ("the
                    Assignment") in  substantially  the  form attached hereto as
                    Exhibit  A   signed   by  such  employee  or  subcontractor.
                    Consultant   shall   orally   inform    each   employee   or
                    subcontractor  of  the substance of the Assignment before he
                    or she executes such form.

17.     Mediation and Arbitration:

Except for the right of  Consultant  to bring suit on an open account for simple
monies  due  Consultant,  any  dispute  arising  under this  Agreement  shall be
resolved through a mediation-arbitration approach. The parties agree to select a
mutually  agreeable,  neutral  third party to help them mediate any dispute that
arises under the terms of this Agreement. If the mediation is unsuccessful,  the
parties agree that the dispute shall be decided by binding arbitration under the
rules of the American Arbitration  Association.  The decision of the arbitrators
shall be final and binding on the parties and may be entered and enforced in any
court of competent  jurisdiction by either party. Costs and fees associated with
the mediation  shall be shared equally by the parties.  The prevailing  party in
the arbitration  proceedings shall be awarded  reasonable  attorney fees, expert
witness costs and expenses,  and all other costs and expenses  incurred directly
or indirectly in connection with the proceedings,  unless the arbitrators  shall
for good cause determine otherwise.

18.     General Provisions:

        a)   This  Agreement  is  the  sole and  entire  Agreement  between  the
             parties  relating to  the subject matter hereof, and supersedes all
             prior  understandings,  agreements  and  documentation  relating to
             such subject matter.  Any modifications  to  this Agreement must be
             in writing and signed by both parties.

        b)   If  any  provision  in  this  Agreement  is  held  by  a  court  of
             competent jurisdiction to be invalid, void  or  unenforceable,  the
             remaining   provisions  will  continue in  full force without being
             impaired or invalidated in any way.

        c)   This  Agreement  will  be  governed  by  the  laws of the  State of
             California.

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               Client Initials      Consultant Initials

                                                                    Exhibit 10.3
                                                               Page 7 of 8 Pages
<PAGE>

        d)   All notices  and  other communications  required or permitted under
             this Agreement  shall be in  writing and shall be deemed given when
             delivered  personally,  or  five days  after being deposited in the
             United States mails,  postage prepaid and  addressed as follows, or
             to such other address as each party may designate in writing:

             Client:
             Concierge, Inc.
             531 Main Street, Ste. 963
             El Segundo, CA   90245-3060

             Consultant:
             Dave Cook Consulting
             8701 SE 71st St.
             Mercer Island, WA   98040

        e)   This  Agreement   does   not   create  any  agency  or  partnership
             relationship.

        f)   This  Agreement  is  not  assignable  by either  party  without the
             prior written consent of the other.

Client:  Concierge, Inc.

By:     /s/ Allen E. Kahn                                 Date:  3/15/00
        -------------------------------
        (Signature)

Allen E. Kahn
Title:  Chief Executive Officer

Consultant:  Dave Cook Consulting

By:     /s/ David E. Cook                                 Date:  3/17/00
        -------------------------------
        (Signature)

David E. Cook
Title:  Owner

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               Client Initials      Consultant Initials

                                                                    Exhibit 10.3
                                                               Page 8 of 8 Pages<PAGE>   1

                                                                     EXHIBIT 4.4

                             INTERVISUAL BOOKS, INC.

                       NONSTATUTORY STOCK OPTION AGREEMENT

         THIS AGREEMENT (the "Agreement") between INTERVISUAL BOOKS, INC., a
California corporation (the "Company"), and JEFFREY NOBBS ("Optionee") is
entered into as of the 25th day of March, 1999.

                                    RECITALS

         A. In connection with Optionee's performance of his duties as an
independent contractor of the Company, the Company has agreed to grant to
Optionee this option to purchase shares of the Company's common stock.

                  NOW, THEREFORE, the parties hereto agree as follows:

                  1. Grant. The Company hereby grants to Optionee the right to
purchase up to 75,000 shares of common stock of the Company at a price of $1.25
per share (which price equals the fair market value of the Company's common
stock as of the date of this Agreement), on the terms and conditions set forth
herein. This option is not intended to qualify as an incentive stock option
under Section 422 of the Internal Revenue Code, as amended, and is not made
pursuant to any Company stock option plan. Optionee agrees that Optionee and any
other person who may be entitled hereunder to exercise this option shall be
bound by all terms and conditions of this Agreement.

                  2. Exercisability. The option granted herein shall become
exercisable at the following times and in the following amounts:

                  The option shall become exercisable in cumulative increments
                  of 25,000 shares on each of (a) January 1, 2000, (b) January
                  1, 2001, and (c) January 1, 2002. The option granted hereunder
                  shall lapse and expire on the seventh (7th) anniversary of the
                  date hereof.

                           If Optionee does not purchase the full number of
shares he is entitled to purchase in any one year, the right to purchase such
shares carries over to the subsequent years during the term of this option.
Notwithstanding the other provisions contained herein, this Option shall
terminate upon the sooner of (i) seven years from the date hereof, or (ii)
termination of Optionee's consulting engagement for cause.

                           Notwithstanding the foregoing, this option shall
automatically become fully exercisable upon a "Change in Control of the
Company," as such term is defined below.

                           For purposes of this Agreement, a "Change in Control
of the Company" shall be deemed to have occurred if:

                  (a) the shareholders of the Company approve a definitive
agreement to sell, transfer, or otherwise dispose of all or substantially all of
the Company's assets and properties; or

                                       1

<PAGE>   2

                  (b) any "person" (as such term is used in Section 13(d) and
14(d) of the Securities Exchange Act of 1934), other than the Company or any
"person" who as of the date this Agreement is a director or officer of the
Company (including any trust of such director or officer), is or becomes the
"beneficial owner" (as defined in Rule 13d-3 under the Securities Exchange Act
of 1934), directly or indirectly, of securities of the Company representing
fifty percent (50%) or more of the combined voting power of the Company's then
outstanding securities; provided, however, that the following shall not
constitute a "Change in Control" of the Company:

                           (i) any acquisition directly from the Company
         (excluding any acquisition resulting from the exercise of a conversion
         or exchange privilege in respect of outstanding convertible or
         exchangeable securities);

                           (ii) any acquisition by an employee benefit plan (or
         related trust) sponsored or maintained by the Company or any
         corporation controlled by the Company; or

                           (iii) upon the death of any person who as of the date
         of this Agreement is a director or officer of the Company, the transfer
         (A) by testamentary disposition or the laws of intestate succession to
         the estate or the legal beneficiaries or heirs of such person, or (B)
         by the provisions of any trust to the beneficiaries thereof of the
         securities of the Company beneficially owned by such director or
         officer of the Company; or

                  (c) the shareholders of the Company approve the dissolution or
liquidation of the Company or a definitive agreement to merge or consolidate the
Company with or into another entity in which the Company is not the continuing
or surviving corporation or pursuant to which any shares of the Company's stock
would be converted into cash, securities or other property of another entity,
other than a merger of the Company in which holders of the Company's common
stock immediately prior to the merger have the same proportionate ownership of
common stock (or equivalent securities) of the surviving entity immediately
after the merger as immediately before.

                  3. Exercise. This option may be exercised on the terms and
conditions contained herein by giving ten (10) days' prior written notice of
exercise to the Company, specifying the number of shares to be purchased and the
price to be paid therefor and by delivering a check in the amount of the
purchase price payable to the Company. The purchase price may also be paid, in
whole or in part, by delivery to the Company of outstanding shares of the
Company's common stock previously held by the Optionee valued at "Fair Market
Value".

                           For the purposes of this Agreement, "Fair Market
Value" as of a certain date (the "Determination Date") means: (a) the closing
price of a share of the Company's common stock on the principal exchange on
which shares of the Company's common stock are then trading, if any, on the
Determination Date, or, if shares were not traded on the Determination Date,
then on the nearest preceding trading day during which a sale occurred; or (b)
if such stock is not traded on an exchange but is quoted on NASDAQ or a
successor quotation system, (i) the last sales price (if the stock is then
listed as a National Market Issue under The Nasdaq National Market System) or
(ii) the mean between the closing representative bid and asked prices (in all
other cases) for the stock on the Determination Date as reported by NASDAQ or
such successor quotation system; or (c) if such stock is not publicly traded on
an exchange and not quoted on NASDAQ or a successor quotation system, the mean
between the closing bid and asked prices for the stock, on the Determination
Date, as determined in good faith by the Board; or (d) if the Company's stock is
not publicly traded, the fair market value established in good faith by the
Board.

                                       2

<PAGE>   3

                  4.       Termination of Engagement.

                           (a) Termination for Cause. If Optionee's consulting
engagement is terminated by the Company for "cause" (as determined by the
Company's Board of Directors), neither Optionee nor his estate shall be entitled
to exercise this option after the date of such termination.

                           (b) Death or Incapacity. If Optionee's consulting
engagement is terminated for death or "incapacity" (as determined by the
Company's Board of Directors), Optionee or Optionee's estate, as the case may
be, shall have the right for six (6) months following the date of termination to
exercise this option, but only to the extent that this option was exercisable on
such date of termination.

                           (c) Other. If Optionee's consulting engagement is
terminated for any reason other than as set forth in Sections 4(a) and (b)
above, Optionee shall have ninety (90) days following the date of termination to
exercise this option, but only to the extent that this option was exercisable on
such date of termination.

                  5. Transferability. This option shall be transferable only by
will or by the law of descent and distribution to the estate (or other personal
representative) of Optionee and shall be exercisable during Optionee's lifetime
only by him. Except as otherwise provided herein, any attempt at alienation,
assignment, pledge, hypothecation, transfer, sale, attachment, execution or
similar process, whether voluntary or involuntary, with respect to all or any
part of this option or any right under this Agreement, shall be null and void
and, at the Company's option, shall cause Optionee's rights under this Agreement
to terminate.

                  6. Withholding Requirements. In the event the Company
determines that it is required to withhold state or Federal income taxes as a
result of the exercise of this option, Optionee shall be required, as a
condition to the exercise hereof, to make arrangements satisfactory to the
Company to enable it to satisfy such withholding requirements.

                  7. Rights as a Stockholder. Optionee, or any permitted
transferee of Optionee, shall have no rights as a stockholder with respect to
any shares covered by this option until the date of the issuance of a stock
certificate for such shares. No adjustment shall be made for dividends (ordinary
or extraordinary, whether in cash, securities or other property), distributions
or other rights for which the record date is prior to the date such stock
certificate is issued, except as provided in Section 8 of this Agreement. This
Agreement shall not confer upon Optionee any right of continued engagement by
the Company or interfere in any way with the Company's right to terminate
Optionee's engagement with the Company.

                  8. Recapitalization. Subject to any required action by
stockholders, the number of shares of Common Stock covered by this option and
the exercise price thereof shall be proportionately adjusted for any increase or
decrease in the number of issued shares of common stock resulting from a
subdivision or consolidation of such shares or the payment of a stock dividend
(but only of common stock) or any other increase or decrease in the number of
issued shares of common stock effected without receipt of consideration by the
Company. Subject to any required action by stockholders, if the Company is the
surviving corporation in any merger or consolidation, this option shall pertain
and apply to the securities to which a holder of the number of shares of common
stock subject to the option would have been entitled.

                           The foregoing adjustments shall be made by the
Company's Board of Directors, whose determination shall be conclusive and
binding on the Company and Optionee.

                                        3

<PAGE>   4

                           Except as expressly provided in this Section 8,
Optionee shall have no rights by reason of any subdivision or consolidation of
shares of stock of any class, the payment of any stock dividend or any other
increase or decrease in the number of shares of stock of any class, or by reason
of any dissolution, liquidation, merger, consolidation or spin-off of assets or
stock of another corporation, and any issue by the Company of shares of stock of
any class, or securities convertible into shares of stock of any class, shall
not affect, and no adjustment by reason thereof shall be made with respect to,
the number of shares subject to this option or the exercise price thereof.

                           This option shall not affect in any way the right or
power of the Company to make adjustments, reclassifications, reorganizations or
changes of its capital or business structure, to merge or consolidate or to
dissolve, liquidate, sell or transfer all or any part of its business or assets.

                  9. Securities Act and Other Regulatory Requirements. This
option is not exercisable, in whole or in part, and the Company is not obligated
to sell any shares of the Company's common stock subject to this option, if such
exercise or sale, in the opinion of counsel for the Company, would violate the
Securities Act of 1933 (or any other federal or state statutes having similar
requirements) as it may be in effect at that time.

                           Further, the Board of Directors of the Company may
require as a condition of issuance of any shares under this option that Optionee
furnish a written representation that he is acquiring the shares for investment
and not with a view to distribution to the public. The certificate evidencing
any shares issued pursuant to this option shall bear such restrictive legends as
required by federal or state law.

                           Further, the Board of Directors of the Company may
decide, in its sole discretion, that the listing or qualification of the shares
of stock subject to the option under any securities exchange requirements or
under any applicable law is necessary or desirable. If such a decision is made,
this option shall not be exercisable in whole or in part unless and until such
listing, qualification, consent or approval shall have been effected or obtained
free of any conditions that are not acceptable to the Board of Directors of the
Company.

                  10. Effect of Exercise. Upon the exercise of all or any part
of this option, the number of shares of common stock subject to the option under
this Agreement shall be reduced by the number of shares with respect to which
such exercise is made.

                  11. Right of First Refusal. If Optionee desires to transfer
any shares of common stock which he has acquired pursuant to the exercise of the
option granted herein ("Shares"), Optionee shall deliver to the Company written
notice of his intention to transfer such Shares (the "Notice") together with
either a copy of a signed and binding offer by the proposed transferee (a
"Negotiated Sale") or a statement that such Shares are to be sold into the
public market at Fair Market Value at the time of sale (a "Market Sale"). The
Notice for a Negotiated Sale shall state the name and address of the proposed
transferee, the number of Shares to be transferred, the price per Share, and the
other terms of such transfer. The Notice for a Market Sale shall state the
expected date of the proposed sale and the number of Shares to be sold. For
thirty (30) days following delivery of the Notice, the Company shall have the
option to purchase all (but not less than all) of the Shares proposed to be sold
by Optionee at the price and terms stated in the Notice. In the event of a
Market Sale, such purchase price shall be the Fair Market Value of the Shares on
the day the Company exercises its option, less five (5) percent. Such option
shall be exercisable by delivery of written notice to Optionee within such
thirty (30) day period. Any Shares not purchased by the Company may, for a
period of sixty (60) days commencing on the expiration of the Company's option
to purchase such Shares, be sold to the proposed transferee at the price and
upon the terms specified in the Notice. Shares which are not transferred by
Optionee within such sixty (60) day

                                        4

<PAGE>   5

period shall again become subject to the notice and option provisions of this
Section 11. The certificate evidencing any shares issued pursuant to this option
shall bear a restrictive legend stating that such shares are subject to the
right of first refusal set forth in this Section 11.

                  12. Notices. Any notice or other communication required or
permitted hereunder or by law shall be validly given or made only if in writing
and delivered in person to an officer or duly authorized representative of the
other party, or deposited in the United States mail, duly certified or
registered, return receipt requested, postage prepaid, and addressed to the
party to whom intended. If sent to the Company, it shall be addressed in care of
the President, 2850 Ocean Park Boulevard, Suite 225, Santa Monica, California
90405, and if sent to Optionee, it shall be addressed to Optionee's address on
file with the Company on the date of such notice. If sent by mail, notice shall
be deemed given two days after deposit of such notice in the mail and in
accordance with this section. Any party may from time to time, by written notice
to the other, designate a different address for notice which shall be
substituted for that specified above.

                  13. Choice of Law; Counterparts. This Agreement, and all
rights and obligations hereunder, shall be governed by the laws of the State of
California. This Agreement may be executed in one or more counterparts, each of
which when so executed and delivered shall be deemed an original, but all such
counterparts together shall constitute but one and the same instrument.

                  14. Successor. This Agreement shall be binding upon and inure
to the benefit of the parties hereto and their respective successors, heirs,
beneficiaries, executors and administrators.

                  15. Paragraph Headings; Employment. Paragraph headings are for
convenience only and are not part of the context. This Agreement shall not
obligate the Company or any affiliate to engage Optionee for any period of time
nor does this Agreement constitute a contract or agreement for employment.

                  IN WITNESS WHEREOF, this Agreement is executed as of the date
first written above.

                                       INTERVISUAL BOOKS, INC.

                                       By:  /s/ Waldo H. Hunt
                                            --------------------------
                                       Name:   Waldo H. Hunt
                                       Title:  Chairman of the Board

                                       OPTIONEE:

                                       /s/ Jeffrey Nobbs
                                       -------------------------------
                                           Jeffrey Nobbs

                                        5

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