Document:

EMPLOYMENT AGREEMENT
                            --------------------

          THIS EMPLOYMENT AGREEMENT, dated as of July 14, 2000 (this
"Agreement"), by and between theglobe.com, inc., a Delaware corporation
(the "Employer"), and Charles Peck (the "Executive").

          WHEREAS, the Executive represents that he possesses skills,
experience and knowledge that are of value to the Employer; and

          WHEREAS, the Employer desires to enlist the services and
employment of the Executive on behalf of the Employer and the Executive is
willing to render such services on the terms and conditions set forth
herein.

          NOW, THEREFORE, in consideration of the mutual covenants
contained herein, the parties hereto agree as follows:

          1. Employment Term. Subject to the terms and provisions of this
Agreement, the Employer hereby agrees to employ the Executive, and
Executive hereby agrees to be employed by the Employer, for the period
commencing on the date of this Agreement and ending on the fourth
anniversary of the date of this Agreement, unless terminated sooner as
hereinafter provided (the "Employment Term").

          2. Duties. During the Employment Term the Executive shall serve
as Chief Executive Officer of the Employer and shall perform such duties,
services and responsibilities consistent therewith as determined from time
to time by the Board of Directors (the "Board") of the Employer. In
performing such duties hereunder, the Executive will report directly to the
Board. The Employer will include the Executive in its class of directors
nominated for election to the Board at the Employer's next annual meeting
of stockholders during the Employment Term and at each annual meeting
thereafter during the Employment Term and will use its reasonable best
efforts to cause the Executive to be elected to the Board at each such
meeting.

          The Executive shall devote his full business time, attention and
skill to the performance of such duties, services and responsibilities, and
will use his best efforts to promote the interests of the Employer. The
Executive will not, without the prior written approval of the Board (a)
engage in any other business activity, or corporate, civic or charitable
activity which would interfere with the performance of his duties as an
executive of the Employer, is in violation of written Employer policies, is
in violation of applicable law, or would create a conflict of interest with
respect to the Executive's obligations as an executive of the Employer, (b)
deliver lectures or fulfill speaking engagements unless such lectures or
speaking engagements do not interfere with the Executive's day-to-day
operation of the Employer or otherwise with the performance of his duties
hereunder, or (c) teach at educational institutions.

          3. Compensation. In full consideration of the performance by the
Executive of the Executive's obligations during the Employment Term
(including any services by the Executive as an officer, director, executive
or member of any committee of the Employer or any subsidiary or affiliate
of the Employer, or otherwise on behalf of Employer, including public
appearances or the use of the Executive's photograph or likeness), the
Executive shall be compensated as follows:

          (a) The Executive shall receive a base salary (the "Base Salary" at
an annual rate of $325,000 year, payable in accordance with the normal
payroll practices of the Employer then in effect. During the Employment
Term, the Executive will be eligible to receive annual increases in the
Base Salary as determined in the sole discretion of the Board.

          (b) The Executive shall be eligible to receive an annual cash
bonus for each calendar year during the Employment Term (the "Annual
Bonus") in the amounts set forth below based on the achievement of the
following performance objectives.

               (i) If the Employer meets the projected annual revenue and
          expense targets established by the Board for such year (such
          targets for the calendar years 2000 and 2001 attached hereto as
          Exhibit I), he shall be entitled to receive a cash bonus equal to
          25% of his then current Base Salary; or

               (ii) If the Employer exceeds the projected annual revenue
          target and is below the projected annual expense target
          established by the Board for such year by 10% and 5%
          respectively, he shall be entitled to receive a cash bonus equal
          to 50% of his then current Base Salary; and

               (iii) The Board may, in its sole discretion, provide to the
          Executive an additional cash bonus which is in excess of an
          amount equal to 50% of his then current Base Salary.

          The amount of the Annual Bonus shall be pro-rated for any calendar
year during the Employment Term in which the Executive is not employed by
the Employer for 365 days. Notwithstanding anything in this Section 3(b) to
the contrary, the Executive shall receive a guaranteed minimum cash bonus
equal to $25,000 in respect of each of the calendar years 2000 and 2001
(each a "Guaranteed Bonus"); it being understood that the amount of any
Annual Bonus, if any, earned by the Executive in each of the calendar years
2000 and 2001 shall be reduced by the Guaranteed Bonus corresponding to
that year. The Guaranteed Bonus in respect of the calendar year 2000 shall
be payable no later than January 31, 2001, and the Guaranteed Bonus in
respect of calendar year 2001 shall be payable on the first anniversary of
the date of this Agreement. Any Annual Bonus earned by the Executive in the
calendar years 2000 and 2001 shall be payable in accordance with the normal
payment of bonuses by the Company during each of those years.

          (c) On July 14, 2000 the Employer will grant the Executive
options to purchase shares of common stock of the Employer, par value
$0.001 per share (the "Shares"), covering the number of Shares, and subject
to the terms and conditions, including with respect to vesting, set forth
in the forms of Option Agreements attached as Exhibit II and Exhibit III
hereto.

          The Executive shall be solely responsible for taxes imposed on
the Executive by reason of any compensation and benefits provided under
this Agreement and all such compensation and benefits shall be subject to
applicable withholding taxes.

          4. Disability. If the Executive is unable, as reasonably determined
by the Board of the Employer, to perform his duties, services and
responsibilities hereunder by reason of a physical or mental infirmity for
a total of 90 calendar days in any twelve-month period during the
Employment Term ("Disability"), the Employer shall not be obligated to pay
the Executive any Base Salary for any period of absence in excess of such
90 calendar days and, in any case, shall be entitled to terminate the
Executive's employment hereunder in accordance with Section 7.

          5. Benefits. In addition to the payments and awards described in
Section 3 of this Agreement, during the period that the Executive is
employed by the Employer pursuant to this Agreement, the Executive shall be
entitled to employee benefit plans, policies, programs and arrangements, as
may be amended from time to time, that are provided to other senior
executives of the Employer to the extent the Executive meets the
eligibility requirements for any such plan, policy, program or arrangement.

          6. Vacations. During the Employment Term the Executive shall be
entitled to 20 paid vacation days in each calendar year in accordance with
the Employer's policies in effect from time to time.

          7. Termination. The Executive's employment with the Employer and
the Employment Term shall terminate upon the expiration of the Employment
Term or upon the earlier occurrence of any of the following events (the
date of termination, the "Termination Date"):

          (a) The death of the Executive ("Death").

          (b) The termination of employment by the Employer for Cause upon
written notice (the "Cause Notice ") to the Executive specifying the
conduct constituting Cause. Termination of employment for "Cause" shall
mean termination based on: (i) the Executive's material breach of this
Agreement, (ii) conduct by the Executive that is fraudulent or unlawful,
(iii) gross negligence of or willful misconduct by the Executive which
discredits or damages the Employer, any of its subsidiaries or affiliates
or (iv) repeated failure to perform his duties hereunder and such failure
to perform adversely affects the Employer. For all purposes of this
Agreement (including the Exhibits hereto), if the Executive's employment is
terminated for Cause, the effective date of such termination shall be the
date of delivery of the Cause Notice.

          (c) The termination of employment by the Executive for Good
Reason. Termination of employment for "Good Reason" shall mean termination
by the Executive during the twelve (12) month period immediately following
a "Change in Control" (as defined below) following a substantial reduction
in the duties and responsibilities the Executive was performing immediately
prior to such Change in Control.

For  purposes  of this  Agreement,  "Change  in  Control"  shall  mean  the
occurrence of any of the following:

          (1) An acquisition (other than directly from the Employer) of any
voting securities of the Employer (the "Voting Securities") by any "Person"
(as the term person is used for purposes of Section 13(d) or 14(d) of the
Securities Exchange Act of 1934, as amended (the "Exchange Act")),
immediately after which such Person has "Beneficial Ownership" (within the
meaning of Rule 13d-3 promulgated under the Exchange Act) of fifty percent
(50%) or more of the then outstanding Shares or the combined voting power
of the Employer's then outstanding Voting Securities; provided, however, in
determining whether a Change in Control has occurred pursuant to this
paragraph, Shares or Voting Securities which are acquired in a "Non-Control
Acquisition" (as hereinafter defined) shall not constitute an acquisition
which would cause a Change in Control. A "Non-Control Acquisition" shall
mean an acquisition by (i) an employee benefit plan (or a trust forming a
part thereof) maintained by (A) the Employer or (B) any corporation or
other Person of which a majority of its voting power or its voting equity
securities or equity interest is owned, directly or indirectly, by the
Employer (for purposes of this definition, a "Majority-Owned Subsidiary"),
(ii) the Employer or its Majority-Owned Subsidiaries, or (iii) any Person
in connection with a "Non-Control Transaction" (as hereinafter defined);

          (2) The consummation of:

               (A) A merger, consolidation or reorganization with or into
     the Employer or in which securities of the Employer are issued, unless
     such merger, consolidation or reorganization is a "Non-Control
     Transaction." A "Non-Control Transaction" shall mean a merger,
     consolidation or reorganization with or into the Employer or in which
     securities of the Employer are issued where:

                    (i) the stockholders of the Employer, immediately
          before such merger, consolidation or reorganization, own directly
          or indirectly immediately following such merger, consolidation or
          reorganization, at least sixty percent (60%) of the combined
          voting power of the outstanding voting securities of the
          corporation resulting from such merger or consolidation or
          reorganization (the "Surviving Corporation") in substantially the
          same proportion as their ownership of the Voting Securities
          immediately before such merger, consolidation or reorganization,
          and

                    (ii) no Person other than (a) the Employer, (b) any
          Majority-Owned Subsidiary, (c) any employee benefit plan (or any
          trust forming a part thereof) that, immediately prior to such
          merger, consolidation or reorganization, was maintained by the
          Employer or any Majority-Owned Subsidiary, or (d) any Person who,
          immediately prior to such merger, consolidation or reorganization
          had Beneficial Ownership of thirty percent (30%) or more of the
          then outstanding Voting Securities or Shares, has Beneficial
          Ownership of thirty percent (30%) or more of the combined voting
          power of the Surviving Corporation's then outstanding voting
          securities or its common stock.

               (B) A complete liquidation or dissolution of the Employer;
     or

               (C) The sale or other disposition of all or substantially
     all of the assets of the Employer to any Person (other than a transfer
     to a Majority-Owned Subsidiary or the distribution to the Employer's
     stockholders of the stock of a Majority-Owned Subsidiary or any other
     assets).

          Notwithstanding  the foregoing,  a Change in Control shall not be
deemed to occur solely because any Person (the "Subject  Person")  acquired
Beneficial  Ownership  of  more  than  the  permitted  amount  of the  then
outstanding  Shares or Voting  Securities as a result of the acquisition of
Shares or Voting  Securities by the Employer  which, by reducing the number
of Shares or Voting Securities then outstanding, increases the proportional
number of shares  Beneficially Owned by the Subject Persons,  provided that
if a Change in Control would occur (but for the operation of this sentence)
as a result  of the  acquisition  of Shares  or  Voting  Securities  by the
Employer,  and after such share  acquisition  by the Employer,  the Subject
Person  becomes the  Beneficial  Owner of any  additional  Shares or Voting
Securities which increases the percentage of the then outstanding Shares or
Voting Securities  Beneficially Owned by the Subject Person,  then a Change
in Control shall occur.

          (d) The termination of employment by the Employer for Disability.

          (e) The termination of employment by the Employer other than (i)
for Cause, (ii) Disability or (iii) Death.

          In the event of termination of the Executive's employment, for
whatever reason (other than Death), the Executive agrees to cooperate with
the Employer, its subsidiaries and affiliates and to be reasonably
available to the Employer, its subsidiaries and affiliates with respect to
continuing and/or future matters arising out of the Executive's employment
hereunder or any other relationship with the Employer, its subsidiaries and
affiliates, whether such matters are business-related, legal or otherwise.

          8. Termination Payments. If the Executive's employment with the
Employer terminates, the Employer's, its subsidiaries' and affiliates' sole
obligation hereunder, except as otherwise provided in this Section 8, shall
be to pay the Executive (i) any accrued and unpaid Base Salary as of the
Termination Date and (ii) an amount equal to such reasonable and necessary
business expenses incurred by the Executive in connection with the
Executive's employment on behalf of the Employer on or prior to the
Termination Date but not previously paid to the Executive (the "Accrued
Compensation"). In addition, if the Executive's employment with the
Employer terminates pursuant to Section 7(c) or 7(e) hereof, the
Employer's, its subsidiaries' and affiliates' sole obligation hereunder
shall be, so long as the Executive is not in violation of the covenants
contained in Section 10 hereof and provided the Executive has executed a
General Release in favor of the Employer at the time of termination, to (i)
pay the Accrued Compensation, (ii) continue to pay the Executive the Base
Salary (at the rate in effect at the time of termination of employment)
through the first anniversary of the Termination Date in bi-weekly
installments and (iii) if such termination occurs prior to the first
anniversary of the date of this Agreement, pay the Executive an amount
equal to $50,000 (less the amount of any Guaranteed Bonus theretofore paid
or theretofore payable and unpaid), payable at the time the Employer makes
payments of annual bonuses in accordance with past practice. For purposes
of this Section 8, the Executive's employment shall not be treated as
terminated for so long as he is an employee of the Employer or any of its
subsidiaries.

          9. (a) Excise Tax Limitation. (1) In the event it shall be
determined that any payment or distribution of any type to or for the
benefit of the Executive, by the Employer, any Affiliate of the Employer,
any person who acquires ownership or effective control of the Employer or
ownership of a substantial portion of the Employer's assets (within the
meaning of Section 28OG of the Internal Revenue Code of 1986, as amended
(the "Code"), and the regulations thereunder) or any Affiliate of such
person, whether paid or payable or distributed or distributable pursuant to
the terms of this Agreement or otherwise (the "Total Payments"), is or will
be subject to the excise tax imposed by Section 4999 of the Code (the
"Excise Tax"), then the Total Payments shall be reduced (but not below
zero) if and to the extent necessary so that no payment to be made or
benefit to be provided to the Executive shall be subject to the Excise Tax
(such reduced amount is hereinafter referred to as the "Reduced Payment
Amount"). Unless the Executive shall have given prior written notice
specifying a different order to the Employer to effectuate the foregoing,
the Employer shall reduce or eliminate the Total Payments, by first
reducing or eliminating the portion of the Total Payments which are not
payable in cash and then by reducing or eliminating cash payments, in each
case in reverse order beginning with payments or benefits which are to be
paid the farthest in time from the Determination (as hereinafter defined).
Any notice given by the Executive pursuant to the preceding sentence shall
take precedence over the provisions of any other plan, arrangement or
agreement governing the Executive's rights and entitlements to any benefits
or compensation.

          (b) The determination of whether the Total Payments shall be
reduced to the Reduced Payment Amount pursuant to this Agreement and the
amount of such Reduced Payment Amount shall be made, at the Employer's
expense, by an accounting firm selected by the Executive which is one of
the five (5) largest accounting firms in the United States (the "Accounting
Firm"). The Accounting Finn shall provide its determination (the
"Determination"), together with detailed supporting calculations and
documentation to the Employer and the Executive within ten (10) days of the
Termination Date, if applicable, or such other time as requested by the
Employer or by the Executive (provided the Executive reasonably believes
that any of the Total Payments may be subject to the Excise Tax) and if the
Accounting Firm determines that no Excise Tax is payable by the Executive
with respect to the Total Payments, it shall furnish the executive with an
opinion reasonably acceptable to the Executive and the Employer that no
Excise Tax will be imposed with respect to any such payments and, absent
manifest error, the Determination shall be binding, final and conclusive
upon the Employer and the Executive.

     10.  Executive Covenants.
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          (a) Unauthorized Disclosure. The Executive agrees and understands
that in the Executive's position with the Employer, the Executive has been
and will be exposed to and receive information relating to the confidential
affairs of Dancing Bear Investments, Inc. (the "Investor"), the Employer,
their subsidiaries and/or Affiliates (as defined below), including but not
limited to technical information, intellectual property, business and
marketing plans, strategies, customer information, other information
concerning the products, promotions, development, financing, expansion
plans, business policies and practices of Investor, the Employer, their
subsidiaries and/or Affiliates and other forms of information considered by
Investor or the Employer to be confidential or in the nature of trade
secrets (collectively, the "Confidential Information"). Confidential
Information shall not include information which is now, or hereafter
becomes, through no act or failure to act on the part of Executive (except
those performed in the ordinary course of the Employer's business),
generally known or available to the public. The Executive agrees that
during the Employment Term and thereafter, the Executive will keep the
Confidential Information confidential and not disclose such information,
either directly or indirectly, except in the ordinary course of performance
of the Employer's business, to any third person or entity without the prior
written consent of the Chairman of the Board or the Board, unless required
to do so by law or court order. This confidentiality covenant has no
temporal, geographical or territorial restriction. Upon termination of this
Agreement, the Executive will promptly surrender to the Employer all
property, keys, notes, memoranda, writings, lists, files, reports, customer
lists, correspondence, tapes, disks, cards, surveys, maps, logs, machines,
technical data or any other tangible product or document which has been
produced by, received by or otherwise submitted to the Executive after the
date on which he first performed services for the Employer and is still in
the Executive's possession or control. As used herein, "Affiliate" means,
with respect to any person, any person directly or indirectly controlling,
controlled by, or under common control with such person.

          (b) Non-competition. By and in consideration of the Employer's
entering into this Agreement and the Executive's exposure to the
Confidential Information, during the Employment Term and thereafter, (i) if
the Executive's services are terminated by the Employer with or without
Cause or by the Executive pursuant to Section 7(c), until the first
anniversary of the Termination Date, or (ii) if the Executive voluntarily
terminates his employment with the Employer for any reason (other than
pursuant to Section 7(c)), if the Employer terminates the Executive by
reason of Disability, or if the Employment Term expires after four (4)
years, for up to a period of twelve (12) months following the Termination
Date for so long as the Board determines in its sole discretion to continue
to pay the Employee the Base Salary, the Executive will not own, manage,
operate, join, control, be employed by, or participate in the ownership,
management, operation or control of, or hold the position of shareholder,
director, officer, consultant, employee, independent contractor, executive,
partner, investor or advisor (whether or not formally appointed) of, any
enterprise that engages in any activity that the Employer or any of its
subsidiaries is engaged in, or proposes to be engaged in; provided that in
no event shall ownership of less than 1% of the outstanding equity
securities of any issuer whose securities are registered under the
Securities Exchange Act of 1934, as amended, standing alone, be prohibited
by this Section 10(b).

          (c) Non-solicitation. Until the first anniversary of the
Termination Date, the Executive shall not interfere with or harm, or
intentionally attempt to interfere with or harm, the relationship of the
Employer, its subsidiaries and/or Affiliates with, or endeavor to entice
away from the Employer, its subsidiaries and/or Affiliates, any person who
is an employee, customer or supplier of the Employer, its subsidiaries
and/or Affiliates.

          (d) Non-Disparagement. Executive shall not during the Employment
Term and thereafter publish or otherwise make any negative or disparaging
statements, comments or remarks regarding the Employer or its subsidiaries,
Affiliates, or their directors, officers or employees except for non-public
statements, comments or remarks made by the Executive in evaluating or
reviewing employees of the Employer in the ordinary course of his duties
hereunder.

          (e) Remedies. The Executive agrees that any breach of the terms
of this Section 10 would result in irreparable injury and damage to
Investor and the Employer for which Investor and the Employer would have no
adequate remedy at law; the Executive therefore also agrees that, in the
event of said breach or any threat of breach, Investor and the Employer
shall be entitled to an immediate injunction and restraining order to
prevent such breach and/or threatened breach and/or continued breach by the
Executive and/or any and all persons and/or entities acting for and/or with
the Executive, without having to prove damages, and to all costs and
expenses, including reasonable attorneys' fees and costs (provided, that
such fees and expenses shall be awardable only in the event of an
adjudication that there was a breach or a legitimate threat of breach), in
addition to any other remedies to which Investor or the Employer may be
entitled at law or in equity. The terms of this paragraph shall not prevent
Investor or the Employer from pursuing any other available remedies for any
breach or threatened breach hereof, including but not limited to the
recovery of damages from the Executive. The Executive, Investor and the
Employer further agree that the provisions of the covenant not to compete
are reasonable. The Executive hereby acknowledges that due to the global
aspects of the Employer's business and competitors it would not be
appropriate to include any geographic limitation on this Section 10. Should
a court or arbitrator determine, however, that any provision of the
covenant not to compete is unreasonable, either in period of time,
geographical area, or otherwise, the parties hereto agree that the covenant
should be interpreted and enforced to the maximum extent which such court
or arbitrator deems reasonable.

          The existence of any claim or cause of action by the Executive
against the Employer, its subsidiaries and/or affiliates, whether
predicated on this Agreement or otherwise, shall not constitute a defense
to the enforcement by the Employer of the covenants contained in this
Section 10.

          11. Proprietary Rights. The Executive agrees that all
Intellectual Property (as hereinafter defined) which is or was at any time
made or conceived by the Executive, acting alone or in conjunction with
others, is and shall be the property of the Employer since its inception,
free of any reserved or other rights of any kind on the Executive's part
and the Executive hereby assigns to the Employer all of his right, title
and interest in and to any such Intellectual Property. During the
Employment Term and thereafter, the Executive shall promptly make full
disclosure of any such Intellectual Property to the Employer and do all
reasonable acts and things (including, among others, the execution and
delivery under oath of patent and copyright applications and instruments of
assignment) deemed by the Employer to be necessary or desirable at any time
in order to effect the full assignment to the Employer of the Executive's
right and title, if any, to such Intellectual Property and to protect the
Employer's interests in such Intellectual Property. For purposes of this
Agreement, "Intellectual Property" means any discovery, development,
program, concept, idea, process or improvement, whether or not patentable,
patent, patent application, copyright, copyright registration, license,
trademark or trade name, service mark or service name, trade secret or
other intellectual property rights, in each case, made prior to or during
the Employment Term.

          12. Representation. The Executive expressly represents and
warrants to the Employer that he is not a party to any contract, agreement
or otherwise obligated, and is not subject to any rules or regulations,
whether governmentally imposed or otherwise, which restricts in any way his
ability to fully perform his duties and responsibilities under this
Agreement.

          13. Non-Waiver of Rights. The failure to enforce at any time the
provisions of this Agreement or to require at any time performance by any
other party of any of the provisions hereof shall in no way be construed to
be a waiver of such provisions or to affect either the validity of this
Agreement or any part hereof, or the right of any party to enforce each and
every provision in accordance with its terms.

          14. Notices. Every notice relating to this Agreement shall be in
writing and shall be given by personal delivery, reputable overnight
carriers, or by registered or certified mail, postage prepaid, return
receipt requested.

          If delivered to the Executive, to:

          ---------------------

          ---------------------

          ---------------------

          15. Binding Effect/Assignment. This Agreement shall inure to the
benefit of and be binding upon the parties hereto and their respective
heirs, executors, personal representatives, estates, successors (including,
without limitation, by way of merger) and assigns. Notwithstanding the
provisions of the immediately preceding sentence, the Executive shall not
assign all or any portion of this Agreement without the prior written
consent of the Employer.

          16. Entire Ageement. This Agreement sets forth the entire
understanding of the parties hereto with respect to the subject matter
hereof and supersedes all prior agreements, written or oral, between them
as to such subject matter. This Agreement may not be amended, nor may any
provision hereof be modified or waived, except by an instrument in writing
duly signed by the party to be charged.

          17. Severability. If any provision of this Agreement, or any
application thereof to any circumstances, is invalid, in whole or in part,
such provision or application shall to that extent be severable and shall
not affect other provisions or applications of this Agreement.

          18. Governing Law. This Agreement shall be governed by and
construed in accordance with the internal laws of the State of New York,
without reference to the principles of conflict of laws. For purposes of
Section 10 hereof, each of the parties to this Agreement hereby irrevocably
and unconditionally consents to submit to the exclusive jurisdiction of the
courts of the State of New York and the courts of the United States of
America located in the Southern District of the State of New York for any
action, claim or proceeding arising out of or relating to this Agreement
(and agrees not to commence any action, claim or proceeding relating hereto
except in such courts), and further agrees that service of any process,
summons, notice or document by U.S. registered mail to its respective
address shall be effective service of process for any action, claim or
proceeding brought against it in any such court. For purposes of Section 10
hereof, each of the parties to this Agreement hereby irrevocably and
unconditionally waives any objection to the laying of venue of any action,
claim or proceeding arising out of this Agreement in the courts of the
State of New York or the courts of the United States of America located in
the State of New York and hereby further irrevocably and unconditionally
waives and agrees not to plead or claim in any such court that any such
action, claim or proceeding brought in any such court has been brought in
an inconvenient forum. For purposes of Section 10 hereof, each of the
parties hereto hereby irrevocably and unconditionally waives any right it
may have to trial by jury in connection with any action, claim or
proceeding arising out of or relating to Section 10 hereof.

          19. Resolutions of Disputes. Notwithstanding anything herein to
the contrary, in the event that there shall be a dispute among the parties
arising out of or relating to this Agreement or the breach thereof, other
than, at the option of Employer, Section 10, the parties agree that such
dispute shall be resolved by final and binding arbitration in New York, New
York, in accordance with the rules and procedures of the American
Arbitration Association ("AAA") and in accordance with the AAA's National
Rules for the expedited resolution of employment disputes. Depositions may
be taken and other discovery may be obtained during such arbitration
proceedings to the same extent as authorized in civil judicial proceedings.
Any award issued as a result of such arbitration shall be final and binding
between the parties thereto, and shall be enforceable by any court having
jurisdiction over the party against whom enforcement is sought. The fees
and expenses of such arbitration (including, but not limited to, reasonable
attorneys' fees) or any action to enforce an arbitration award shall be
paid as determined by the arbitrator in such arbitration.

          20. Modifications and Waivers. No provision of this Agreement may
be modified, altered or amended except by an instrument in writing executed
by the parties hereto. No waiver by any party hereto of any breach by any
other party hereto of any provision of this Agreement to be performed by
such other party shall be deemed a waiver of similar or dissimilar
provisions at the time or at any prior or subsequent time.

          21. Headings. The headings contained herein are solely for the
purposes of reference, are not part of this Agreement and shall not in any
way affect the meaning or interpretation of this Agreement.

          22. Counterparts. This Agreement may be executed in two
counterparts, each of which shall be deemed to be an original but all of
which together shall constitute one and the same instrument.

                (remainder of page left intentionally blank)

<PAGE>
          IN WITNESS WHEREOF, the Employer has caused this Agreement to be
executed by authority of its Board of Directors, and the Executive has
hereunto set his hand, on the day and year first above written.

                                              Employer:
                                              --------

                                              theglobe.com, inc.

                                              By: /s/ Dean Daniels
                                                 -------------------------
                                                 Name: Dean Daniels
                                                 Title: Pres., COO

                                              Executive:
                                              ---------

                                              /s/ Charles M. Peck
                                              -------------------------
                                              Name: Charles M. PeckEMPLOYMENT AGREEMENT
                            --------------------

THIS EMPLOYMENT AGREEMENT, dated as of June 6, 2000 (this "Agreement"), by
and between the globe.com, inc., a Delaware corporation (the "Company") and
Todd Krizelman (the "Employee").

WHEREAS, pursuant to a Stock Purchase Agreement (the "Stock Purchase
Agreement"), Dancing Bear Investments, Inc., a Florida corporation
("Investor"), purchased from WebGenesis, Inc. ("WebGenesis") 51% of the
fully diluted capital stock of WebGenesis and warrants to purchase 10% of
the fully diluted capital stock of WebGenesis;

WHEREAS, the Employee and WebGenesis, the Company's predecessor, have
entered into an Employment Agreement, dated as of August 13, 1997 (the
"Employment Agreement");

WHEREAS, the Company, the Employee and Stephan Paternot have mutually
determined that the Employee and Stephan Paternot will resign from their
current positions of co-Chief Executive Officers of the Company on the
earlier of such date as the board of directors of the Company (the "Board")
appoints a new Chief Executive Officer (including appointment of an interim
Chief Executive Officer) or July 31, 2000 (the "Transition Date");

WHEREAS, the Employee and the Company desire to enter into a new employment
agreement pursuant to which the Employee will continue to provide services
to the Company and its Subsidiaries (as defined below) and which will
supersede the Employment Agreement;

WHEREAS, the Employee possesses an intimate knowledge of the business and
affairs of the Company, and its policies, procedures, methods and
personnel; and

WHEREAS, the Company has determined that it is in its best interest to
secure the continued services of the Employee on behalf of the Company in
accordance with the terms of this Agreement and the Employee is willing to
render such services on the terms and conditions set forth herein;

NOW, THEREFORE, in consideration of the premises and the mutual
representations, warranties, covenants and agreements herein set forth, the
parties hereto agree as follows:

1.   Services Term.
     -------------

Subject to the terms and provisions of this Agreement, the Company hereby
agrees to retain the services of the Employee, and the Employee hereby
agrees to provide services to the Company, for the period commencing on the
date hereof and ending on August 12, 2002 or such earlier date as provided
in Section 6 hereof (the "Services Term"). Such services shall be performed
at the principal place of business of the Company, or at such other
locations as shall reasonably be determined from time to time by the Board.

2.   Duties.
     ------

Until the Transition Date, the Employee shall continue to serve as co-Chief
Executive Officer of the Company on a full-time basis and exclusively for
the Company, and in such other positions as may be agreed upon between the
Employee and the Board. Until the Transition Date, the Employee shall
perform such duties as may be assigned to him by the Board or its
designee. From and after the Transition Date during the Services Term, the
Employee shall perform such services for the Company and its Subsidiaries
as may be reasonably assigned by and under the direction and control of the
Board or the Company's Chief Executive Officer (the "CEO"); it being
understood that the Employee will not accept other full-time employment,
will make available, on a first priority basis, no less than one quarter of
his business time to the performance of services hereunder, and will make
himself available, at all times requested by the Board or the CEO, to make
appearances on behalf of the Company, including, but not limited to, road
shows, public appearances, interviews, etc., subject to reasonable prior
notice from the Company and, with respect to such priority, the Employee's
then-existing reasonable prior professional commitments. The Company shall
provide to the Employee such office space and other administrative support
as may be determined from time to time in the sole discretion of the CEO.

On the Transition Date, the Employee shall formally resign from his
position as an officer of the Company and each of its Subsidiaries. During
the Services Term, the Company shall include the Employee on its slate of
directors recommended for election by the Company's stockholders. If
elected, the Employee shall serve as a director. At such times as the
Employee and Stephan Paternot are both serving on the Board, the Chairman
of the Board will recommend that the Employee and Stephan Paternot serve as
Vice-Chairmen of the Board commencing with the first meeting of the Board
following the date hereof. In the event that Employee and Stephan Paternot
are not appointed Vice Chairmen of the Board, the Employee, Stephan
Paternot and appropriate officers and directors of the Company will
promptly meet to determine a mutually agreeable alternative title for each
of the Employee and Stephan Paternot. As a Vice Chairman of the Board, the
Employee shall not be, nor be deemed to be, an officer of the Company. This
paragraph does not in any way limit the Company's ability, in its sole
discretion, to amend its governing instruments regarding the duties of
Vice-Chairman.

The Employee will not, without the prior written approval of the
disinterested members of the Board, engage in any other corporate, civic or
charitable activity which would interfere with the performance of his
duties on behalf of the Company, is in violation of policies established in
good faith from time to time by the Board, is in violation of applicable
law, or would create a conflict of interest with respect to the Employee's
obligations to the Company, as determined by the disinterested members of
the Board.

During the period that the Employee is performing services for the Company
pursuant to this Agreement, other than pursuant to the terms hereof or in
accordance with stock option grants approved by the Board in its sole
discretion, the Employee shall not receive any form of compensation
(including, but not limited to, sales commissions) from the Company or any
Subsidiary of the Company in his capacity as a director, officer, employee,
manager or executive of the Company or any of its Subsidiaries. As used
herein, "Subsidiary" when used with respect to any person means any
corporation or organization, whether incorporated or unincorporated, of
which such person owns or controls at least a majority of the securities or
other interests having by their terms ordinary voting power to elect a
majority of the board of directors or others performing similar functions
with respect to such corporation or other organization, or any organization
of which such person is a general partner.

3.   Compensation.
     ------------

In consideration of the performance by the Employee of his obligations
hereunder (including any services as an officer, director, executive,
employee or member of any committee of the Company or any Subsidiary, or
otherwise), the Company shall compensate the Employee as follows:

(a)  A base salary (the "Base Compensation"), at an annual rate of
     $165,312.50 until August 12, 2000 and $190,000 thereafter during the
     Services Term, payable in accordance with the normal payroll practices
     of the Company then in effect; and

(b)  Eligibility to receive an annual cash bonus in the sole discretion of
     the Board.

The Employee shall be solely responsible for taxes imposed on the Employee
by reason of any compensation and benefits provided under this Agreement
(except those taxes normally borne by the Company) and all such
compensation and benefits shall be subject to applicable withholding taxes.
The parties recognize that the Employee will continue to be an "employee"
of the Company during the Services Term and the Company shall report
payments hereunder and withhold taxes in accordance therewith.

4.   Disability.
     ----------

If the Employee is unable, as reasonably determined by the Board, to
substantially perform his duties hereunder by reason of a physical or
mental infirmity for a total of 30 calendar days in any twelve-month period
during the Services Term ("Disability"), the Company shall be entitled to
terminate the Employee's services hereunder in accordance with Section 6.

5.   Benefits and Stock Options.
     --------------------------

In addition to the payments described in Section 3 of this Agreement,
during the period that the Employee is providing services to the Company
pursuant to this Agreement, the Employee shall be entitled to participate
in all health plans provided by the Company to its most senior executives
from time to time, to the extent the Employee meets the eligibility
requirements for any such plan or benefit; provided, however, that the
Company's obligation with respect to the foregoing benefits shall be
reduced to the extent the Employee or his beneficiaries obtains any such
benefits pursuant to another employer's or similar entity's benefit plans.

Employee shall be eligible in the sole discretion of the Board to
participate in the stock option plans of the Company in which the senior
executives of the Company are entitled to participate.

6.   Termination.
     -----------

(a) The performance of services by the Employee for the Company pursuant to
this Agreement and the Services Term shall terminate upon the earliest to
occur of any of the events specified in subparagraphs (i) through (iv)
below:

         (i)      August 12, 2002;

         (ii)     the date of the Employee's death;

         (iii)    the Termination Date (as defined below) specified in the
                  Notice of Termination (as defined below) which the
                  Company shall have delivered to the Employee due to the
                  Employee's Disability;

         (iv)     the Termination Date specified in the Notice of
                  Termination which the Company shall have delivered to the
                  Employee to terminate the Employee's services with or
                  without Cause. The term "Cause" as used herein shall mean
                  that the Employee: (A) has been convicted of an act which
                  is defined as a felony under federal or state law; (B)
                  committed one or more acts of willful misappropriation
                  from the Company; (C) willfully failed to perform his
                  duties on behalf of the Company and such failure to
                  perform adversely affects the Company or performed such
                  duties and obligations in a grossly negligent manner; (D)
                  is the subject of any order, judgment, or decree of any
                  court or regulatory authority of competent jurisdiction
                  which is final and non-appealable, permanently or
                  temporarily enjoining him from, or otherwise limiting his
                  engaging in any activity in connection with the purchase
                  or sale of any security or commodity or in connection
                  with any violation of federal or state securities laws or
                  federal commodities law; or (E) is found by a court of
                  competent jurisdiction in a civil action or by the
                  Securities and Exchange Commission (the "SEC") to have
                  violated any federal or state securities law, and the
                  judgment in such civil action or finding by the SEC has
                  not been subsequently reversed, suspended, or vacated
                  during the Services Term;

(b) Any purported termination of the Employee by the Company (other than by
reason of Employee's death) shall be communicated by written Notice of
Termination to the Employee. As used herein, the term "Notice of
Termination" shall mean a notice which indicates the specific termination
provision in this Agreement relied upon and sets forth in reasonable detail
the facts and circumstances claimed to provide a basis for termination of
the Employee under the provision so indicated. In the event the Employee
fails to perform services in accordance with this Agreement or is removed
for Cause, the Employee shall, at the Company's option, continue to be
available to the Company for a period of one month following departure, for
up to ten hours per week, at reasonable and customary hourly rates to
assist in any necessary transition. As used herein, the term "Termination
Date" shall mean the earlier of (i) August 12, 2002 in the case of a
termination pursuant to Section 6(a)(i), (ii) the date of the Employee's
death in the case of a termination pursuant to Section 6(a)(ii), (iii) the
date specified in the Notice of Termination for termination of the
Employee's services in the case of a termination pursuant to Section
6(a)(iii) or 6(a)(iv), and (iv) the date of termination of Employee'
services in the case of a termination under Section 6(c).

The Employee shall be entitled to a hearing related to any such termination
by the Company described in Section 6(a)(iii) or 6(a)(iv) above before the
Board or a committee thereof established for such purpose and to be
accompanied by his counsel at such hearing. Such hearing will be held
within 30 days of notice to the Board by the Employee provided he requests
such hearing within 30 days of the Notice of Termination.

(c) In the event that more than 50% of the then issued and outstanding
equity securities or more than 50% of the voting rights of the Company is
acquired by someone other than Michael Egan and his Controlled Entities and
Family Transferees (each as defined in the Stockholders Agreement, dated as
of the date hereof, among WebGenesis, Michael Egan, Investor and certain
stockholders of the Company) (other than in connection with a public
offering) or in the event this Agreement is assigned by the Company in
connection with a sale of the Company's assets (a "Change of Control"), the
Company and the Employee may each terminate the Services Term by delivering
to the Company or to the Employee, as applicable, a notice within 30 days
before or after a Change of Control; provided that in the event the
Employee provides such notice, at the Company's option, the Employee's
services hereunder (other than as a director, which shall terminate
immediately upon the date of the Change of Control) shall continue until
the earlier of the first anniversary of the Change of Control and the date
of termination pursuant to any other provision of this Section 6.

(d) This Agreement shall automatically terminate upon the dissolution,
winding-up or liquidation of the Company.

7.   Termination Payments.
     --------------------

(a) If the Employee's performance of services for the Company is terminated
(i) by the Company for Cause, (ii) by the Employee or (iii) upon the
dissolution of the Company, the Company will pay the employee (i) any
accrued and unpaid Base Compensation as of the Termination Date and (ii) an
amount to reimburse the Employee for any and all monies advanced or
expenses incurred in connection with the Employee's performance of services
for reasonable and necessary expenses incurred by the Employee on behalf of
the Company prior to the Termination Date. The Employee's entitlement to
other benefits shall be delivered in accordance with the Company's benefit
plans then in effect.

(b) If the Employee's performance of services for the Company is terminated
by reason of the Employee's death or Disability, the Company's sole
obligation under this Agreement shall be to pay or provide the Employee or
his estate the payments required by Section 7(a) hereof.

(c) If the Employee's performance of services for the Company is terminated
without Cause (including, without limitation, pursuant to Section 6(c)),
all stock options held by the Employee that have not vested shall
automatically vest and the Company shall, for so long as the Employee has
not breached any of his obligations under Section 8, (i) pay or provide the
Employee the payments required by Section 7(a) hereof, (ii) continue to pay
the Employee the Base Compensation for the remainder of the Services Term,
(iii) provide to the Employee and his beneficiaries for the remainder of
the Services Term, employee health benefits substantially similar in the
aggregate to those provided to the other most senior executives of the
Company; provided, however, that the Company's obligation with respect to
the foregoing benefits shall be reduced to the extent the Employee or his
beneficiaries obtains any such benefits pursuant to another employer's or
similar entity's benefit plans and (iv) provide for an expiration date of
August 12, 2002 for all stock options held by the Employee.

8.   Employee Covenants.
     ------------------

(a) Unauthorized Disclosure. The Employee agrees and understands that in
the Employee's position with the Company, the Employee has been and will be
exposed to and receive information relating to the confidential affairs of
Investor, the Company, their Subsidiaries and/or Affiliates (as defined
below), including but not limited to technical information, intellectual
property, business and marketing plans, strategies, customer information,
other information concerning the products, promotions, development,
financing, expansion plans, business policies and practices of Investor,
the Company, their subsidiaries and/or Affiliates and other forms of
information considered by Investor or the Company to be confidential or in
the nature of trade secrets (collectively, the "Confidential Information").
Confidential Information shall not include information which is (a) now, or
hereafter becomes, through no act or failure to act on the part of Employee
(except those performed in the ordinary course of the Company's business),
generally known or available to the public, (b) rightfully received by the
Employee from a third party without confidentiality restrictions, and (c)
is independently developed by the Employee without reference to the
Confidential Information. The Employee agrees that during the Services Term
and thereafter, the Employee will keep the Confidential Information
confidential and not disclose such information, either directly or
indirectly, except in the ordinary course of performance of the Company's
business, to any third person or entity without the prior written consent
of the Chairman of the Board or the Board, unless required to do so by law
or court order. This confidentiality covenant has no temporal, geographical
or territorial restriction. Upon termination of this Agreement, the
Employee will promptly surrender to the Company all property, keys, notes,
memoranda, writings, lists, files, reports, customer lists, correspondence,
tapes, disks, cards, surveys, maps, logs, machines, technical data or any
other tangible product or document which has been produced by, received by
or otherwise submitted to the Employee after the date on which he first
performed services for the Company and is still in the Employee's
possession or control. As used herein, "Affiliate" means, with respect to
any person, any person directly or indirectly controlling, controlled by,
or under common control with such person.

For a period of 6 months following the end of the Employee's performance of
services for the Company, the Company will redirect all personal email
received at todd@webgenesis.com or todd@corp.theglobe.com to an email
address specified by the Employee.

(b) Non-competition. By and in consideration of Investor's and the
Company's entering into the Stock Purchase Agreement and the transactions
contemplated thereby, the Company's entering into the Employment Agreement
and this Agreement, and the Employee's exposure to the Confidential
Information, until the earlier of (i) August 12, 2002, or (ii) subject to
the second proviso below, the date the Employee's services are terminated
by the Employee, or (iii) if the Employee's services are terminated by the
Company without Cause, the first anniversary of such termination, the
Employee will not own, manage, operate, join, control, be employed by, or
participate in the ownership, management, operation or control of, or hold
the position of shareholder, director, officer, consultant, employee,
independent contractor, executive, partner, investor or advisor (whether or
not formally appointed) of, any enterprise that engages in any activity
that the Company or any of its Subsidiaries is engaged in, or proposes to
be engaged in, and of which the Employee has knowledge; provided that in no
event shall ownership of less than 1% of the outstanding equity securities
of any issuer whose securities are registered under the 1934 Act, standing
alone, be prohibited by this Section 8(b); and provided, further, that the
Employee shall be bound by the provisions of this Section 8(b) for up to a
period of twelve months following termination of his services by the
Employee for so long as the Board determines in its sole discretion to
continue to pay the Employee the Base Compensation.

(c) Non-solicitation. Until the earlier of the first anniversary of the
Employee's termination or August 12, 2002, the Employee shall not interfere
with or harm, or intentionally attempt to interfere with or harm, the
relationship of the Company, its Subsidiaries and/or Affiliates with, or
endeavor to entice away from the Company, its Subsidiaries and/or
Affiliates, any person who is an employee, customer or supplier of the
Company, its Subsidiaries and/or Affiliates.

(d) Remedies. The Employee agrees that any breach of the terms of this
Section 8 would result in irreparable injury and damage to Investor and the
Company for which Investor and the Company would have no adequate remedy at
law; the Employee therefore also agrees that, in the event of said breach
or any threat of breach, Investor and the Company shall be entitled to an
immediate injunction and restraining order to prevent such breach and/or
threatened breach and/or continued breach by the Employee and/or any and
all persons and/or entities acting for and/or with the Employee, without
having to prove damages, and to all costs and expenses, including
reasonable attorneys' fees and costs (provided, that such fees and expenses
shall be awardable only in the event of an adjudication that there was a
breach or a legitimate threat of breach), in addition to any other remedies
to which Investor or the Company may be entitled at law or in equity. The
terms of this paragraph shall not prevent Investor or the Company from
pursuing any other available remedies for any breach or threatened breach
hereof, including but not limited to the recovery of damages from the
Employee. The Employee, Investor and the Company further agree that the
provisions of the covenant not to compete are reasonable. The Employee
hereby acknowledges that due to the global aspects of the Company's
business and competitors it would not be appropriate to include any
geographic limitation on this Section 8. Should a court or arbitrator
determine, however, that any provision of the covenant not to compete is
unreasonable, either in period of time, geographical area, or otherwise,
the parties hereto agree that the covenant should be interpreted and
enforced to the maximum extent which such court or arbitrator deems
reasonable.

The provisions of this Section 8 shall survive any termination of this
Agreement and the Services Term, and the existence of any claim or cause of
action by the Employee against either Investor or the Company, whether
predicated on this Agreement or otherwise, shall not constitute a defense
to the enforcement by either Investor or the Company of the covenants and
agreements of this Section 8.

9.   Intellectual Property.
     ---------------------

The Employee agrees that all Intellectual Property (as hereinafter defined)
which is or was at any time made or conceived by the Employee or the
Company, acting alone or in conjunction with others after the date on which
he was first retained to perform services for the Company, is and shall be
the property of the Company since its inception and which was used by the
Company since its inception, free of any reserved or other rights of any
kind on the Employee's part and the Employee hereby assigns to the Company
all of his right, title and interest in and to any such Intellectual
Property. During the Services Term and thereafter, the Employee shall
promptly make full disclosure of any such Intellectual Property to the
Company and do all reasonable acts and things (including, among others, the
execution and delivery under oath of patent and copyright applications and
instruments of assignment) deemed by the Company to be necessary or
desirable at any time in order to effect the full assignment to the Company
of the Employee's right and title, if any, to such Intellectual Property
and to protect the Company's interests in such Intellectual Property. For
purposes of this Agreement, "Intellectual Property" means any discovery,
development, program, concept, idea, process or improvement, whether or not
patentable, patent, patent application, copyright, copyright registration,
license, trademark or trade name, service mark or service name, trade
secret or other intellectual property rights, in each case, made during the
term of services (including employment prior to execution of this
Agreement) relating in any respect to the present or planned future
activities, business, products or services of the Company, its Subsidiaries
and/or Affiliates.

10.  Insurance.
     ---------

The Company reserves the right to obtain and maintain key man life
insurance policies with respect to the Employee naming the Company as the
primary beneficiary thereunder ("Key Man Life Insurance Policies") at the
expense of the Company. The Employee shall use his best efforts to
cooperate with the Company and any insurance company approached by the
Company with respect to the obtaining and the maintenance of Key Man Life
Insurance Policies.

When commercially reasonable, the Company shall obtain and maintain
liability insurance to cover the Employee's performance in accordance with
this Agreement comparable to that provided to employees and directors
performing similar services for the Company.

11.  Non-Waiver of Rights.
     --------------------

The failure to enforce at any time the provisions of this Agreement or to
require at any time performance by the other parties of any of the
provisions hereof shall in no way be construed to be a waiver of such
provisions or to affect either the validity of this Agreement or any part
hereof, or the right of any party to enforce each and every provision in
accordance with its terms.

12.  Amendment and Waiver.
     --------------------

No  modification,  amendment or waiver of any  provision of this  agreement
shall be  effective  against any party  hereto  unless  such  modification,
amendment or waiver is approved in writing by all of the parties hereto.

13.  Severability.
     ------------

Whenever possible, each provision of this Agreement shall be interpreted in
such manner as to be effective and valid under applicable law, but if any
provision of this Agreement is held to be invalid, illegal or unenforceable
in any respect under any applicable law or rule in any jurisdiction, such
invalidity, illegality or unenforceability shall not affect any other
provision or any other jurisdiction, but this Agreement shall be reformed,
construed and enforced in such jurisdiction as if such invalid, illegal or
unenforceable provision had never been contained herein.

14.  Entire Agreement.
     ----------------

This Agreement embodies the complete agreement and understanding among the
parties hereto with respect to the subject matter hereof and supersedes and
preempts any prior understandings, agreements or representations by or
among the parties, written or oral, which may have related to the subject
matter hereof in any way, including, without limitation, the Employment
Agreement. Notwithstanding the foregoing, the Proprietary Information and
Invention Agreement between the Company and the Employee (the "Information
Agreement") and the Stockholders' Agreement by and among Dancing Bear
Investments, Inc., Michael Egan, the Employee, Stephan Paternot, Edward A.
Cespedes and Rosalie V. Arthur (the "Stockholders' Agreement") shall each
continue in accordance with its terms, provided that to the extent of any
conflict between the terms of either the Information Agreement or the
Stockholders' Agreement and this Agreement, the terms of this Agreement
shall control.

15.  Successors and Assigns; Assignment; Third Party Beneficiary.
     -----------------------------------------------------------

This Agreement shall bind and inure to the benefit of, and be enforceable
by, the parties hereto and their respective successors (including, without
limitation, by way of merger), assigns, heirs and personal representatives.
Notwithstanding the provisions of the immediately preceding sentence, the
Employee shall not delegate any duty under this Agreement without the prior
written consent of the Board. This Agreement is not intended to be for the
benefit of any person not a party hereto except that the Investor shall be
deemed a third party beneficiary of Section 8 hereof and shall be entitled
to enforce the provisions of Section 8 as if a party hereto and the parties
hereto may not amend Section 8 in any manner adverse to the Investor
without the Investor's prior written consent.

16.  Notice.
     ------

Any notice provided for in this Agreement shall be in writing and shall be
either personally delivered, sent by facsimile transmission or sent by
first class mail or sent by reputable commercial overnight delivery service
(charges prepaid) to the address set forth below, or at such address or to
the attention of such other person as the recipient party has specified by
prior written notice to the sending party. Notices will be deemed to have
been given hereunder when delivered personally, on the date of facsimile
transmission with confirmed answer back, two business days after deposit
with a reputable overnight commercial delivery service or on the date of
actual receipt if given by any other method of delivery.

         To the Company:            the globe.com, inc.
                                    120 Broadway, 22nd Floor
                                    New York, NY 10271
                                    Attn: General Counsel
                                    Telephone: (212) 894-3636
                                    Facsimile: (212) 962-6095

         With a copy to:            Dancing Bear Investments, Inc.
                                    333 E. Las Olas Blvd.
                                    Ft. Lauderdale, FL 33301
                                    Attention: Michael Egan
                                    with a separate copy to the
                                    attention of Rosalie Arthur
                                    Telephone: (954) 769-5944
                                    Facsimile: (954) 769-5930

         With a copy to:            Tripp, Scott, Conklin & Smith
                                    The 110 Tower, 15th Floor
                                    I 10 S.E. 6th Street
                                    Ft. Lauderdale, FL 33301
                                    Attention: Dennis Smith
                                    Telephone: (954) 760-4920
                                    Facsimile: (954) 761-8475

         With a copy to:            Fried, Frank, Harris, Shriver and Jacobson
                                    One New York Plaza
                                    New York, New York 10004
                                    Attention: Valerie Jacob, Esq.
                                    Telephone: (212) 859-8158
                                    Facsimile: (212) 859-8589

         To the Employee:           280 Park Avenue South, Apt. 21B
                                    New York, NY 10010
                                    Telephone: (212) 452-1285

         With a copy to:            Kay Collyer & Boose LLP
                                    One Dag Hammarskjold Plaza, 31st Floor
                                    New York,  New York 10017
                                    Attention: M. Graham Coleman, Esq.
                                    Telephone: (212) 940-8376
                                    Facsimile: (212) 755-0921

17.  Descriptive Headings.
     --------------------

The descriptive headings of the several sections and paragraphs of this
Agreement are inserted for reference only and shall not limit or otherwise
affect the meaning hereof.

18.  Governing Law.
     -------------

This Agreement shall be governed by and construed in accordance with the
laws of the State of New York without giving effect to the principles of
conflicts of laws.

19.  Counterparts.
     ------------

This Agreement may be executed in two counterparts, all of which together
shall be considered one and the same agreement, and shall become effective
when one or more of the counterparts have been signed by each party and
delivered to the other parties, it being understood that all parties need
not sign the same counterpart.

IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by
authority of its Board of Directors, and the Employee has hereunto set his
hand, the day and year first above written.

                                       the globe.com, inc.

                                       By: /s/ Michael S. Egan
                                          --------------------------------
                                       Name:  Michael S. Egan
                                          --------------------------------
                                       Title: Chairman
                                          --------------------------------

                                           /s/ Todd Krizelman
                                          --------------------------------
                                               Todd Krizelman

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