Document:

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                               REGISTER.COM, INC.
                            STOCK ISSUANCE AGREEMENT

                  AGREEMENT made this 11th day of May 2001, to be effective as
of March 12, 2001 by and between Register.com, Inc., a Delaware corporation, and
Rene M. Mathis, a Participant in the Corporation's 2000 Stock Incentive Plan.

                  All capitalized terms in this Agreement shall have the meaning
assigned to them in this Agreement or in the attached Appendix.

         A. PURCHASE OF SHARES

                  1. Purchase. Participant hereby purchases 26,667 shares of
Common Stock (the "Purchased Shares") pursuant to the provisions of the Stock
Issuance Program at the purchase price of $0.0001 per share (the "Purchase
Price").

                  2. Payment. Concurrently with the delivery of this Agreement
to the Corporation, Participant shall pay the Purchase Price for the Purchased
Shares in cash or check payable to the Corporation and shall deliver a
duly-executed blank Assignment Separate from Certificate (in the form attached
hereto as Exhibit I) with respect to the Purchased Shares.

                  3. Stockholder Rights. Until such time as the Corporation
exercises the Repurchase Right, Participant (or any successor in interest) shall
have all the rights of a stockholder (including voting, dividend and liquidation
rights) with respect to the Purchased Shares, subject, however, to the transfer
restrictions of this Agreement.

                  4. Escrow. The Corporation shall have the right to hold the
Purchased Shares in escrow until those shares have vested in accordance with the
Vesting Schedule.

                  5. Compliance with Law. Under no circumstances shall shares of
Common Stock or other assets be issued or delivered to Participant pursuant to
the provisions of this Agreement unless, in the opinion of counsel for the
Corporation or its successors, there shall have been compliance with all
applicable requirements of Federal and state securities laws, all applicable
listing requirements of any stock exchange (or the Nasdaq National Market, if
applicable) on which the Common Stock is at the time listed for trading and all
other requirements of law or of any regulatory bodies having jurisdiction over
such issuance and delivery.

         B. TRANSFER RESTRICTIONS

                  1. Restriction on Transfer. Except for any Permitted Transfer,
Participant shall not transfer, assign, encumber or otherwise dispose of any of
the Purchased Shares which are subject to the Repurchase Right.

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                  2. Restrictive Legend. The stock certificate for the Purchased
Shares shall be endorsed with the following restrictive legend:

                           "The shares represented by this certificate are
         unvested and subject to certain repurchase rights granted to the
         Corporation and accordingly may not be sold, assigned, transferred,
         encumbered, or in any manner disposed of except in conformity with the
         terms of a written agreement dated May 11, 2001 between the Corporation
         and the registered holder of the shares (or the predecessor in interest
         to the shares). A copy of such agreement is maintained at the
         Corporation's principal corporate offices."

                  3. Transferee Obligations. Each person (other than the
Corporation) to whom the Purchased Shares are transferred by means of a
Permitted Transfer must, as a condition precedent to the validity of such
transfer, acknowledge in writing to the Corporation that such person is bound by
the provisions of this Agreement and that the transferred shares are subject to
the Repurchase Right to the same extent such shares would be so subject if
retained by Participant.

         C. REPURCHASE RIGHT

                  1. Grant. The Corporation is hereby granted the right (the
"Repurchase Right"), exercisable at any time during the ninety (90)-day period
following the date Participant ceases for any reason to remain in Service, to
repurchase at the Purchase Price all or any portion of the Purchased Shares in
which Participant is not, at the time of his or her cessation of Service, vested
in accordance with the Vesting Schedule or the provisions of Paragraph C.5 of
this Agreement (such shares to be hereinafter referred to as the "Unvested
Shares").

                  2. Exercise of the Repurchase Right. The Repurchase Right
shall be exercisable by written notice delivered to each Owner of the Unvested
Shares prior to the expiration of the ninety (90)-day exercise period. The
notice shall indicate the number of Unvested Shares to be repurchased and the
date on which the repurchase is to be effected, such date to be not more than
thirty (30) days after the date of such notice. The certificates representing
the Unvested Shares to be repurchased shall be delivered to the Corporation on
or before the close of business on the date specified for the repurchase.
Concurrently with the receipt of such stock certificates, the Corporation shall
pay to Owner, in cash or cash equivalent (including the cancellation of any
purchase-money indebtedness), an amount equal to the Purchase Price previously
paid for the Unvested Shares to be repurchased from Owner.

                  3. Termination of the Repurchase Right. The Repurchase Right
shall terminate with respect to any Unvested Shares for which it is not timely
exercised under Paragraph C.2. In addition, the Repurchase Right shall terminate
and cease to be exercisable with respect to any and all Purchased Shares in
which Participant vests in accordance with the following Vesting Schedule:

         The Participant will vest in 100% of the Purchased Shares on March 12,
2004.

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         Vesting will cease on the date of Participant's cessation of Service;
provided, however, that if the Company terminates Participant's employment
without Cause, the Repurchase Right shall lapse with respect to the number of
Purchased Shares equal to the product of (A) 26,667 and (B) the ratio of the
number of full months of Service completed to 36.

                  4. Recapitalization. Any new, substituted or additional
securities or other property (including cash paid other than as a regular cash
dividend) which is by reason of any Recapitalization distributed with respect to
the Purchased Shares shall be immediately subject to the Repurchase Right and
any escrow requirements hereunder, but only to the extent the Purchased Shares
are at the time covered by such right or escrow requirements. Appropriate
adjustments to reflect such distribution shall be made to the number and/or
class of securities subject to this Agreement and to the price per share to be
paid upon the exercise of the Repurchase Right in order to reflect the effect of
any such Recapitalization upon the Corporation's capital structure; provided,
however, that the aggregate purchase price shall remain the same.

                  5. Change in Control.

                           (a) Immediately prior to the consummation of any
Change in Control, the Repurchase Right shall automatically lapse in its
entirety and the Purchased Shares shall vest in full, except to the extent the
Repurchase Right is assigned to the successor corporation (or parent thereof) or
otherwise continues in full force and effect pursuant to the terms of the Change
in Control.

                           (b) To the extent the Repurchase Right remains in
effect following a Change in Control, such right shall apply to the new capital
stock or other property (including any cash payments) received in exchange for
the Purchased Shares in consummation of the Change in Control, but only to the
extent the Purchased Shares are at the time covered by such right. Appropriate
adjustments shall be made to the price per share payable upon exercise of the
Repurchase Right to reflect the effect of the Change in Control upon the
Corporation's capital structure; provided, however, that the aggregate purchase
price shall remain the same. Any capital stock or other property (including cash
payments) issued or distributed with respect to the Purchased Shares may be held
in escrow.

                           (c) The Repurchase Right may also be subject to
termination in whole or in part on an accelerated basis, and the Purchased
Shares subject to immediate vesting, in accordance with the terms of any special
Addendum attached to this Agreement.

         D. SPECIAL TAX ELECTION

                  1. Section 83(b) Election. Under Code Section 83, the excess
of the fair market value of the Purchased Shares on the date any forfeiture
restrictions applicable to such shares lapse over the Purchase Price paid for
such shares will be reportable as ordinary income on the lapse date. For this
purpose, the term "forfeiture restrictions" includes the right of the
Corporation to repurchase the Purchased Shares pursuant to the Repurchase Right.
Participant may elect under Code Section 83(b) to be taxed at the time the
Purchased Shares are acquired,

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rather than when and as such Purchased Shares cease to be subject to such
forfeiture restrictions. Such election must be filed with the Internal Revenue
Service within thirty (30) days after the date of this Agreement. Even if the
fair market value of the Purchased Shares on the date of this Agreement equals
the Purchase Price paid (and thus no tax is payable), the election must be made
to avoid adverse tax consequences in the future. THE FORM FOR MAKING THIS
ELECTION IS ATTACHED AS EXHIBIT II HERETO. PARTICIPANT UNDERSTANDS THAT FAILURE
TO MAKE THIS FILING WITHIN THE APPLICABLE THIRTY (30)-DAY PERIOD WILL RESULT IN
THE RECOGNITION OF ORDINARY INCOME AS THE FORFEITURE RESTRICTIONS LAPSE.

                  2. FILING RESPONSIBILITY. PARTICIPANT ACKNOWLEDGES THAT IT IS
PARTICIPANT'S SOLE RESPONSIBILITY, AND NOT THE CORPORATION'S, TO FILE A TIMELY
ELECTION UNDER CODE SECTION 83(b), EVEN IF PARTICIPANT REQUESTS THE CORPORATION
OR ITS REPRESENTATIVES TO MAKE THIS FILING ON HIS OR HER BEHALF.

         E. GENERAL PROVISIONS

                  1. Assignment. The Corporation may assign the Repurchase Right
to any person or entity selected by the Board, including (without limitation)
one or more stockholders of the Corporation.

                  2. No Employment or Service Contract. Nothing in this
Agreement or in the Plan shall confer upon Participant any right to continue in
Service for any period of specific duration or interfere with or otherwise
restrict in any way the rights of the Corporation (or any Parent or Subsidiary
employing or retaining Participant) or of Participant, which rights are hereby
expressly reserved by each, to terminate Participant's Service at any time for
any reason, with or without cause.

                  3. Notices. Any notice required to be given under this
Agreement shall be in writing and shall be deemed effective upon personal
delivery or upon deposit in the U.S. mail, registered or certified, postage
prepaid and properly addressed to the party entitled to such notice at the
address indicated below such party's signature line on this Agreement or at such
other address as such party may designate by ten (10) days advance written
notice under this paragraph to all other parties to this Agreement.

                  4. No Waiver. The failure of the Corporation in any instance
to exercise the Repurchase Right shall not constitute a waiver of any other
repurchase rights that may subsequently arise under the provisions of this
Agreement or any other agreement between the Corporation and Participant. No
waiver of any breach or condition of this Agreement shall be deemed to be a
waiver of any other or subsequent breach or condition, whether of like or
different nature.

                  5. Cancellation of Shares. If the Corporation shall make
available, at the time and place and in the amount and form provided in this
Agreement, the consideration for the Purchased Shares to be repurchased in
accordance with the provisions of this Agreement, then

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from and after such time, the person from whom such shares are to be repurchased
shall no longer have any rights as a holder of such shares (other than the right
to receive payment of such consideration in accordance with this Agreement).
Such shares shall be deemed purchased in accordance with the applicable
provisions hereof, and the Corporation shall be deemed the owner and holder of
such shares, whether or not the certificates therefor have been delivered as
required by this Agreement.

                  6. Participant Undertaking. Participant hereby agrees to take
whatever additional action and execute whatever additional documents the
Corporation may deem necessary or advisable in order to carry out or effect one
or more of the obligations or restrictions imposed on either Participant or the
Purchased Shares pursuant to the provisions of this Agreement.

                  7. Agreement is Entire Contract. This Agreement constitutes
the entire contract between the parties hereto with regard to the subject matter
hereof. This Agreement is made pursuant to the provisions of the Plan and shall
in all respects be construed in conformity with the terms of the Plan.

                  8. Governing Law. This Agreement shall be governed by, and
construed in accordance with, the laws of the State of New York without resort
to that State's conflict-of-laws rules.

                  9. Successors and Assigns. The provisions of this Agreement
shall inure to the benefit of, and be binding upon, the Corporation and its
successors and assigns and upon Participant, Participant's assigns and the legal
representatives, heirs and legatees of Participant's estate, whether or not any
such person shall have become a party to this Agreement and have agreed in
writing to join herein and be bound by the terms hereof.

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                  IN WITNESS WHEREOF, the parties have executed this Agreement
on the day and year first indicated above.

                               REGISTER.COM, INC.

                               By:        /s/ Richard D. Forman
                                          --------------------------------------

                               Title:     President, Chief Executive Officer and
                                          Chairman of the Board of Directors
                                          --------------------------------------

                               Address:   585 Eighth Avenue, 11th Floor
                                          --------------------------------------
                                          New York, NY 10018
                                          --------------------------------------

                                          /s/Rene M. Mathis
                                          --------------------------------------
                                          PARTICIPANT

                               Address:
                                          --------------------------------------

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

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                                    EXHIBIT I

                      ASSIGNMENT SEPARATE FROM CERTIFICATE

                  FOR VALUE RECEIVED _____________________ hereby sell(s),
assign(s) and transfer(s) unto Register.com, Inc. (the "Corporation"),
________________(____) shares of the Common Stock of the Corporation standing in
his or her name on the books of the Corporation represented by Certificate No.
_____________ herewith and do(es) hereby irrevocably constitute and appoint
________________________ Attorney to transfer the said stock on the books of the
Corporation with full power of substitution in the premises.

Dated:  _____________________

                                         Signature
                                                  ------------------------------

Instruction: Please do not fill in any blanks other than the signature line.
Please sign exactly as you would like your name to appear on the issued stock
certificate. The purpose of this assignment is to enable the Corporation to
exercise the Repurchase Right without requiring additional signatures on the
part of Participant.

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                                   EXHIBIT II

                           SECTION 83(b) TAX ELECTION

This statement is being made under Section 83(b) of the Internal Revenue Code,
pursuant to Treas. Reg. Section 1.83-2.

(1)      The taxpayer who performed the services is:

         Name:
         Address:
         Taxpayer Ident. No.:

(2)      The property with respect to which the election is being made is
         _________ shares of the common stock of Register.com, Inc.

(3)      The property was issued on _______________________.

(4)      The taxable year in which the election is being made is the calendar
         year ________.

(5)      The property is subject to a repurchase right pursuant to which the
         issuer has the right to acquire the property at the original purchase
         price if for any reason taxpayer's employment with the issuer is
         terminated. The issuer's repurchase right lapses in a series of
         installments over a four (4)-year period ending on
         ____________________________.

(6)      The fair market value at the time of transfer (determined without
         regard to any restriction other than a restriction which by its terms
         will never lapse) is $_____________ per share.

(7)      The amount paid for such property is $_______________ per share.

(8)      A copy of this statement was furnished to Register.com, Inc. for whom
         taxpayer rendered the services underlying the transfer of property.

(9)      This statement is executed on ______________________________.

------------------------------------        ------------------------------------
Spouse (if any)                             Taxpayer

This election must be filed with the Internal Revenue Service Center with which
taxpayer files his or her Federal income tax returns and must be made within
thirty (30) days after the execution date of the Stock Issuance Agreement. This
filing should be made by registered or certified mail, return receipt requested.
Participant must retain two (2) copies of the completed form for filing with his
or her Federal and state tax returns for the current tax year and an additional
copy for his or her records.

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                                    APPENDIX

                  The following definitions shall be in effect under the
Agreement:

         A. Agreement shall mean this Stock Issuance Agreement.

         B. Board shall mean the Corporation's Board of Directors.

         C. Cause shall mean (i) Participant's breach of the terms of his
employment or proprietary information agreement; (ii) Participant's commission
of any felony or any crime involving moral turpitude; (iii) Participant's breach
of a fiduciary duty or material policy of the Company; (iv) Participant's
commission of a dishonest act or common law fraud against the Company; (v) gross
negligence or willful misconduct in connection with Participant's position, (vi)
Participant's continual failure or refusal to perform any duties reasonably
required in the course of his employment; (vii) Participant's refusal to take or
fail to satisfactorily to complete any screening test for illegal drugs and
controlled substances that may be administered; or (viii) Participant's
engagement in misconduct in bad faith which is materially injurious to the
Company.

         D. Change in Control shall mean a change in ownership or control of the
Corporation effected through any of the following transactions:

                           (i) a merger, consolidation or reorganization
         approved by the Corporation's stockholders, unless securities
         representing more than fifty percent (50%) of the total combined voting
         power of the voting securities of the successor corporation are
         immediately thereafter beneficially owned, directly or indirectly and
         in substantially the same proportion, by the persons who beneficially
         owned the Corporation's outstanding voting securities immediately prior
         to such transaction.

                           (ii) any stockholder-approved transfer or other
         disposition of all or substantially all of the Corporation's assets, or

                           (iii) the acquisition, directly or indirectly by any
         person or related group of persons (other than the Corporation or a
         person that directly or indirectly controls, is controlled by, or is
         under common control with, the Corporation), of beneficial ownership
         (within the meaning of Rule 13d-3 of the 1934 Act) of securities
         possessing more than fifty percent (50%) of the total combined voting
         power of the Corporation's outstanding securities pursuant to a tender
         or exchange offer made directly to the Corporation's stockholders which
         the Board recommends such stockholders to accept.

         E. Code shall mean the Internal Revenue Code of 1986, as amended.

         F. Common Stock shall mean the Corporation's common stock.

                                      A-1.
<PAGE>

         G. Corporation shall mean Register.com, Inc., a Delaware corporation.

         H. Owner shall mean Participant and all subsequent holders of the
Purchased Shares who derive their chain of ownership through a Permitted
Transfer from Participant.

         I. Parent shall mean any corporation (other than the Corporation) in an
unbroken chain of corporations ending with the Corporation, provided each
corporation in the unbroken chain (other than the Corporation) owns, at the time
of the determination, stock possessing fifty percent (50%) or more of the total
combined voting power of all classes of stock in one of the other corporations
in such chain.

         J. Participant shall mean the person to whom the Purchased Shares are
issued under the Stock Issuance Program.

         K. Permitted Transfer shall mean (i) a gratuitous transfer of the
Purchased Shares, provided and only if Participant obtains the Corporation's
prior written consent to such transfer, (ii) a transfer of title to the
Purchased Shares effected pursuant to Participant's will or the laws of
intestate succession following Participant's death or (iii) a transfer to the
Corporation in pledge as security for any purchase-money indebtedness incurred
by Participant in connection with the acquisition of the Purchased Shares.

         L. Plan shall mean the Corporation's 2000 Stock Incentive Plan.

         M. Plan Administrator shall mean either the Board or a committee of the
Board acting in its administrative capacity under the Plan.

         N. Purchase Price shall have the meaning assigned to such term in
Paragraph A.1.

         O. Purchased Shares shall have the meaning assigned to such term in
Paragraph A.1.

         P. Recapitalization shall mean any stock split, stock dividend,
recapitalization, combination of shares, exchange of shares or other change
affecting the Corporation's outstanding Common Stock as a class without the
Corporation's receipt of consideration.

         Q. Repurchase Right shall mean the right granted to the Corporation in
accordance with Article C.

         R. Service shall mean the Participant's performance of services for the
Corporation (or any Parent or Subsidiary) in the capacity of an employee,
subject to the control and direction of the employer entity as to both the work
to be performed and the manner and method of performance, a non-employee member
of the board of directors or a consultant.

         S. Stock Issuance Program shall mean the Stock Issuance Program under
the Plan.

         T. Subsidiary shall mean any corporation (other than the Corporation)
in an unbroken chain of corporations beginning with the Corporation, provided
each corporation (other

                                      A-2.
<PAGE>

than the last corporation) in the unbroken chain owns, at the time of the
determination, stock possessing fifty percent (50%) or more of the total
combined voting power of all classes of stock in one of the other corporations
in such chain.

         U. Vesting Schedule shall mean the vesting schedule specified in
Paragraph C.3, subject to acceleration (if any) in connection with a Change in
Control.

         V. Unvested Shares shall have the meaning assigned to such term in
Paragraph C.1.

                                      A-3.<PAGE>

THIS LEASE made the 5th day of April, 2001

BETWEEN:

                           YARMOUTH AREA INDUSTRIAL COMMISSION, an incorporated
                           Society under the laws of Nova Scotia (called
                           "Landlord")

                                                - and -

                           RCOM CANADA, CORP., an unlimited company under the
                           laws of Nova Scotia (called "Tenant")

1.       In consideration of the rents reserved and the covenants and agreements
herein on the part of the Tenant, the Landlord leases to the Tenant the lands
and premises situate at 458 County Crescent, in the Village of Hebron, County of
Yarmouth and Province of Nova Scotia, more particularly described in Schedule
"A" attached to this Lease (the "Premises"), which include a building(s) and
facilities to be constructed on the land in accordance with an offer to lease
entered into between the Landlord and Register.com Inc. on behalf of its
nominee, the Tenant, which was executed by Register.com Inc. on behalf of its
nominee, the Tenant, on March 9, 2001, accepted by the Landlord on March 9, 2001
and executed by the Landlord on March 13, 2001 (the "Offer to Lease"); the
initial building to contain approximately 20,000 square feet of useable/rentable
area on the main level (the "Building").

2.       Subject to the provisions hereof, the Tenant shall hold the Premises
for the term of Five (5) years to be computed from the 1st day of September,
A.D., 2001 and fully to be complete on the 31st day of August, 2006 (the
"Term").

Rent

3.       The Tenant paying therefor yearly and every year during the Term the
sum of Six Dollars ($6.00) per square foot of Rentable Area in equal, monthly
installments in advance on the 1st day of each month during the Term to the
Landlord at Yarmouth, Nova Scotia, or at the place that the Landlord may
hereafter designate, the first payment to be made on the 1st day of September
next. If the Term commences on any day other than the first or ends on any day
other than the last day of a month, rent for the fraction of a month at the
commencement and at the end of the Term shall be adjusted pro rata. For the
purposes of this Lease, "Rentable Area" shall mean the area determined by
B.O.M.A. measurement methods as verified by the Landlord's architect and agreed
to by the parties.

4.       All amounts to be paid hereunder shall be paid in Canadian funds and
all amounts referred to herein are exclusive of any applicable Harmonized Sales
Tax which shall be in addition thereto.

5.       Provided that if, due to the failure of the Landlord to complete
construction or

<PAGE>

                                        2

to make available the services which the Landlord is obliged to furnish, the
Premises or any part thereof are not ready for occupancy at the commencement of
the Term, no part of the rent, or only a proportionate part thereof if the
Tenant occupies a part of the Premises, is payable for the period before the
date when the whole of the Premises are ready for occupancy, and the full rent
accrues only thereafter. A certificate of the Landlord's architect that the
construction of the Premises is complete and the services to be furnished by the
Landlord are available, which is accepted by the Tenant acting reasonably, is
conclusive.

Additional Rent

6.       It is understood that the Tenant shall pay to the Landlord as
additional rent, the actual real property taxes and operating costs for the
Premises not to exceed Two Dollars and Fifty Cents ($2.50) per square foot of
Rentable Area per annum for the first year of the Term (September 1, 2001 to
August 31, 2002). The term "operating costs" shall include the Landlord's
reasonable costs of insurance, snow removal, lawn mowing and maintenance with
respect to the Premises.

7.       The Landlord will have the right to estimate the amount of such taxes
and costs at the commencement of each lease year or at the commencement of the
Landlord's fiscal year and bill the Tenant such taxes and costs in monthly
installments in advance on the first day of each calendar month, subject to
review and adjustments at year end. The Landlord shall provide the Tenant with a
statement of its auditors showing how the actual additional rent was computed
for each year if such is requested in writing by the Tenant.

Recovery of Adjustments

8.       The Landlord has the same rights and remedies in the event of default
by the Tenant in payment of an amount payable by Tenant pursuant to paragraphs 6
and 7, as the Landlord has in the case of default in payment of rent.

9.       The Tenant shall pay, within ten (10) days from the date of execution
of this Lease, a deposit of FIFTY THOUSAND DOLLARS ($50,000.00) (the "Deposit")
to be held by the Landlord's solicitors, Pink MacDonald Harding, "in trust" for
the Tenant and the Deposit is to apply to installments of net rent and
additional rent as they fall due under the Lease until the Deposit is exhausted.
The Deposit shall earn interest for the benefit of the Tenant.

Right to Renew

10.      Provided it is not in material default under this Lease, and provided
it gives notice to the Landlord at least nine (9) months prior to the expiry of
the then current term, the Tenant shall have the option to renew this Lease for
up to two (2) successive further terms of five (5) years each under the same
terms and conditions as herein provided, except as follows:

         i)       there shall be no right of further renewal beyond the second
                  renewal term;

         ii)      rental for the renewal terms shall be as follows:

<PAGE>
                                       3

                  FIRST RENEWAL TERM:
                  At the rate of SEVEN DOLLARS ($7.00) per square foot of
                  Rentable Area per annum

                  SECOND RENEWAL TERM:

                  At the rate of EIGHT DOLLARS ($8.00) per square foot of
                  Rentable Area per annum.

Expansion Option

11.      Provided the Tenant is not in material default of its obligations under
the Lease, Landlord hereby grants to Tenant the right to require the Landlord to
cause to be constructed, and the Landlord hereby undertakes to do so, another
building on the Premises (in the approximate location as shown as "Area for
Future Call Centre" on Schedule "A" to the Offer to Lease) of similar quality,
design and finish as the initial Building to be constructed containing a minimum
of 10,000 and a maximum of 15,000 square feet of Rentable Area (the "Additional
Space") upon the following terms and conditions:

         i)       During the period between January 1 and August 31 of each
                  year, no later than six (6) months prior to the time Landlord
                  is required to make Additional Space available to Tenant,
                  Tenant shall notify Landlord in writing that Tenant elects to
                  exercise this right.

                  During the period between September 1 and December 31 of each
                  year, no later than eight (8) months prior to the time
                  Landlord is required to make Additional Space available to
                  Tenant, Tenant shall notify Landlord in writing that Tenant
                  elects to exercise this right.

         ii)      In the event the Tenant exercises the option for Additional
                  Space prior to August 31, 2003, all terms as in this Lease
                  will apply including the rent and Tenant's Improvements. It is
                  agreed that the payment of rent for Additional Space shall
                  commence on the date the Additional Space has been completed
                  in accordance with the Tenant's reasonable requirements for
                  the Additional Space.

         iii)     In the event the Tenant exercises the option for Additional
                  Space in the period commencing September 1, 2003 and
                  expiring August 31, 2006, all terms as in this Lease will
                  apply including the Tenant's Improvements, except that the
                  rent for the Premises will be adjusted to $7.00 per square
                  foot of Rentable Area once the Additional Space has been
                  completed in accordance with the Tenant's reasonable
                  requirements for the Additional Space. At such time also,
                  the initial Term of the Lease shall be extended to the date
                  which is five years from the date of such completion of the
                  Additional Space and the two options to renew shall be
                  available to the Tenant to commence successively thereafter.
                  Rent for the renewal terms shall then be increased by one
                  dollar ($1.00) per square foot of Rentable Area per annum.
<PAGE>
                                       4

         iv)      Landlord shall grade, pave and otherwise improve a portion of
                  the Premises designated by Tenant in order to provide Tenant
                  with additional parking spaces in the ratio of ten (10) spaces
                  per 1,000 square feet of Additional Space.

         v)       The Option to Purchase contained in section 26 hereof shall be
                  amended to reflect the costs of the Additional Space upon such
                  terms as the parties agree at such time .

Prior Entry

12.      The Building shall be constructed and completed in accordance with
specifications contained or referred to in Schedule "B" hereto and be available
for occupancy by the Tenant for installation of its trade fixtures, on/or before
August 1, 2001 ("the Prior Entry Date"). It is agreed and understood that the
Tenant will remain governed by all applicable terms of the Lease as if the Lease
were in full force and effect, save only as to any net rent and additional rent
payable which in no event shall commence prior to the commencement date.

13.      In the event Building is not substantially completed to the Tenant's
satisfaction and available for occupancy by the Tenant for installation of its
trade fixtures by the Prior Entry Date for causes within the Landlord's control,
the Landlord shall adjust the commencement date to thirty (30) days from the
date of such satisfactory completion of the Building at the Tenant's sole
discretion, acting reasonably.

14.      The Landlord shall have given the Tenant at least thirty (30) days
written notice prior to the date the Building is so completed. It is further
agreed that the Landlord shall provide the Tenant with temporary office
facilities at the Community College, Yarmouth Campus, from such date through the
date the Tenant is able to occupy the Building, at no cost to the Tenant. It is
agreed that the temporary facilities as mentioned herein will include a minimum
of 3,500 useable square feet of premises, in addition to ample free on-site
parking. Additionally, the Landlord agrees to provide the Tenant with a credit
of one (1) month of net rent for every two weeks of delay in the Prior Entry
Date.

15.      In the event the Landlord fails to so complete the Building for causes
beyond the Landlord's control, such as strikes, and acts of God, then the Prior
Entry Date and commencement date shall be postponed for the period of such
delay.

Tenants Covenants

16.      The Tenant covenants with the Landlord:

         a)       Rent-- to pay rent;

         b)       Electric charges -- to pay (1) the cost of electric current
                  supplied to the Premises; and (2) the cost of electric light
                  bulbs, tubes, starters, and ballasts used to replace those
                  installed at the commencement of the term;

<PAGE>
                                       5

         c)       Business and school taxes -- to pay business occupancy and
                  other taxes (excluding real property taxes which are to be
                  paid by Landlord), charges, rates, duties and assessments
                  levied in respect of the Tenant's occupancy of the Premises or
                  in respect of the personal property or business of the Tenant
                  on the Premises as and when they become due;

         d)       Cleaning and waste removal-- to arrange and pay for reasonable
                  cleaning and waste removal;

         e)       HVAC -- to pay for all heating, ventilation and
                  air-conditioning, including the HVAC maintenance contract,
                  provided such contract is agreed to by the Tenant (but
                  excluding major repairs, which shall be deemed to include any
                  repair or replacement cost in excess of $1,000);

         f)       Utilities  and services-- pay for all utilities and services
                  consumed by the Tenant in respect of the Premises;

         g)       Repair-- to repair, reasonable wear and tear and damage by
                  fire, lightning and tempest only excepted, and to permit the
                  Landlord to enter and view the state of repair and to repair
                  according to notice in writing, reasonable wear and tear and
                  damage by fire, lightning and tempest only excepted; and to
                  leave the Premises in good repair, reasonable wear and tear
                  and damage by fire, lightning and tempest excepted. It is
                  agreed that the Tenant shall not have any obligation with
                  respect to major repairs or repairs or replacements which
                  are of a structural nature nor any obligation to restore the
                  Premises to base building or original condition at the
                  termination of the Lease and the Landlord agrees to accept
                  the Premises in the condition and configuration in which
                  they are structured at that time.

         h)       Assigning or subletting -- the Tenant shall have the right to
                  sublet the Premises in whole or in part at any time or times
                  during the Term or renewal thereof only with the Landlord's
                  prior written consent, which consent is not to be unreasonably
                  or arbitrarily withheld or delayed, which subletting, in whole
                  or in part, shall not release the Tenant from any of its
                  obligations under this Lease;

         i)       Tenant's Insurance - Throughout the Term, including any
                  renewals thereof, the Tenant shall at its expense, take and
                  keep in force the following insurance:

                  (I)      fire and standard extended perils or "all risks"
                           coverage on insurable property;

                  (II)     Two Million Dollars ($2,000,000) inclusive limits
                           occurrence form general commercial liability
                           insurance; and

<PAGE>
                                       6

                  (III)    such other form of insurance in such amounts as the
                           Landlord may reasonably request. At the request of
                           Landlord, Tenant will obtain a waiver of the
                           insurer's right of subrogation as against Landlord
                           under such insurance, provided such waiver is
                           obtainable by Tenant from its insurers.

         j)       Use of Premises and insurance-- (i) not to use the Premises
                  except for the purpose of a call centre and for related
                  general office purposes and other related uses, so as, at
                  all times, to be in compliance with all bylaws and
                  regulations which are now or hereafter will be set forth by
                  the Municipality of the District of Yarmouth, Province of
                  Nova Scotia or the Government of Canada, as they are
                  applicable to the Premises, and not to carry on or permit to
                  be carried on therein any other trade or business; (ii) not
                  to do, omit or permit to be done or omitted upon the
                  Premises anything which causes the rate of insurance upon
                  the Building to be increased; (iii) if the rate of insurance
                  upon the Building is increased by the use made of the
                  Premises or by anything done, omitted or permitted to be
                  done or omitted by the Tenant or by anyone permitted by the
                  Tenant to be upon the Premises, the Tenant shall pay to the
                  Landlord the amount of the increase; (iv) if any insurance
                  policy upon the Building is cancelled by the insurer because
                  of the use or occupation of the Premises or any part thereof
                  by the Tenant or by any assignee or subtenant of the Tenant
                  or by anyone permitted by the Tenant to be upon the Premises
                  the Landlord may at its option determine this Lease
                  forthwith by leaving upon the Premises notices in writing of
                  its intention to terminate and thereupon rent and any other
                  payments for which the Tenant is liable under this lease
                  shall be apportioned and paid in full to the date of
                  determination and the Tenant shall immediately deliver up
                  possession of the Premises to the Landlord and the Landlord
                  may re-enter and repossess them;

         k)       Observance of law -- in his use and occupation of the
                  Premises, not to violate any law or ordinance or any order,
                  rule, regulation or requirement of any federal, provincial, or
                  municipal government or any department, commission, board or
                  officer thereof;

         l)       Water and nuisance -- not to do or suffer any waste or damage,
                  disfiguration or injury to the Premises or the fixtures and
                  equipment therein or permit or suffer any overloading of the
                  floors thereof; and not to use or permit the use of any part
                  of the Premises for any dangerous, noxious, or offensive trade
                  or business and not to cause or maintain any nuisance in, at
                  or on the Premises;

         m)       Entry by Landlord -- to permit the Landlord or its agents to
                  enter upon the Premises upon reasonable notice and at
                  reasonable times for the purpose of inspecting and of making
                  repairs, alterations, or improvements to the Premises or to
                  the Building, and the Tenant is not entitled to compensation
                  for any inconvenience, nuisance or discomfort occasioned
                  thereby;

<PAGE>
                                       7

         n)       Indemnity -- to indemnify the Landlord against all claims by
                  any person, firm, or corporation arising from the conduct of
                  work by or through any act of negligence of the Tenant or any
                  assignee, subtenant, agent, contractor, servant, employee or
                  licensee of the Tenant, and against all reasonable costs,
                  counsel fees, expenses and liabilities incurred in or about
                  any claim or action or proceeding brought therein, provided
                  that:

                  (I)      the Landlord has promptly notified the Tenant of any
                           such claim after first becoming aware or having
                           notice thereof;

                  (II)     the Landlord has provided the Tenant with the option
                           to participate in the defense of such claim at the
                           Tenant's expense; and

                  (III)    the claim does not relate to any peril or hazard
                           against which the Landlord is or ought to have been
                           insured under the terms of this Lease;

         o)       Exhibiting Premises -- if the Tenant does not exercise either
                  right of renewal hereunder, to permit the Landlord or its
                  agents to exhibit the Premises to prospective tenants upon
                  reasonable notice during normal business hours of the last
                  nine (9) months of the then current term;

         p)       Alterations, etc -- the Tenant shall have the right to make
                  alterations and installations to the Premises at its sole cost
                  and expense, provided the Tenant has received the prior
                  written consent of the Landlord, such consent not to be
                  unreasonably withheld or delayed;

         q)       Signs -- The Tenant, at the Tenant's expense shall have the
                  right to install Landlord approved exterior signage on the
                  Building and at the Premises. The Tenant shall insure, erect
                  and maintain such signage at its own expense, and shall obtain
                  all necessary municipal and other permits and approvals.

Landlord's Covenants

17.      The Landlord covenants with the Tenant:

         a)       Quiet enjoyment - for quiet enjoyment of the Premises,
                  including any buildings to be constructed thereon, without any
                  interruption or disturbance from the Landlord, or any other
                  person(s) lawfully claiming by, from or under the Landlord,
                  and the Landlord represents and warrants that it has good and
                  marketable title to the Premises free and clear of all
                  encumbrances and has the requisite power and authority to
                  enter into this Lease;

         b)       Taxes - to pay the real property taxes levied against the
                  Premises or the Landlord on account thereof;

<PAGE>
                                       8

         c)       Landlord's work - to provide all items identified in Schedule
                  "B" of the Offer to Lease, at the Landlord's sole cost, being
                  agreed that all such items shall remain the sole property of
                  the Landlord and to ensure that the Building will be
                  constructed and structurally maintained with quality
                  workmanship in a first-class manner in compliance with all
                  laws, regulations, by-laws, codes and applicable industry
                  standards in a manner that will enable the Tenant to utilize
                  the Building for its intended purposes throughout the Term and
                  any renewals thereof;

         d)       Tenant's improvements -- Subject to the Tenant acting
                  reasonably and diligently in the approval of final
                  specifications and construction plans submitted by the
                  Landlord's architects, and at the expense of the Tenant to
                  install the Tenant's leasehold improvements, all subject to
                  the provisions of paragraph 9 of the Offer to Lease;

         e)       Parking -- Before the Prior Entry Date, to provide the Tenant
                  with two hundred (200) non-designated outside parking spaces,
                  immediately adjacent to the Building. The parking will be
                  paved surface parking adjacent to the Building and will be
                  lighted. The Landlord shall designate ten (10) visitor/staff
                  parking stalls by appropriate signage immediately adjacent to
                  the Building and further agrees to designate handicap parking
                  according to lawful requirements or custom. In the event the
                  Tenant experiences problems accessing the parking as
                  stipulated above, the Landlord agrees to remedy the problem
                  immediately with a mutually agreeable solution;

         f)       Landlord's insurance - the Landlord shall take out and keep in
                  force throughout the Term, including any renewals thereof,
                  upon such terms and conditions and in such amounts as would be
                  maintained by a prudent owner of a property similar to the
                  Building the following insurance:

                  (I)      public liability and property damage liability
                           insurance with respect to the Building and Premises;

                  (II)     fire and standard extended perils or "all risks"
                           coverage and boiler and machinery insurance on all
                           real and personal property owned by Landlord or for
                           which it is legally responsible comprising or located
                           upon the Building or Premises; and

                  (III)    such other forms of insurance as Landlord may from
                           time to time consider advisable.

                  At the request of Tenant, Landlord will obtain a waiver of the
                  insurer's right of subrogation as against Tenant under such
                  insurance, provided that such waiver is obtainable by Landlord
                  from its insurers. The Landlord shall make all reasonable
                  attempts to utilize the proceeds of insurance, as well as to
                  exercise any and all reasonable recourses available to
                  Landlord against any contractor, builder, supplier or any
                  third party in order to reduce any liability of Tenant for
                  repairs.

<PAGE>
                                       9

Provisos

18.      Provided always and it is agreed as follows:

         a)       Fixtures -- The Tenant may remove his fixtures, but all
                  installations, alterations, additions, partitions and fixtures
                  except trade or Tenant's fixtures upon the Premises, whether
                  placed there by the Tenant or the Landlord, are the Landlord's
                  property without compensation therefor to the Tenant and shall
                  not be removed from the Premises at any time, either during or
                  after the Term.

         b)       Damage to premises - If during the term the Premises are
                  damaged by fire, lightning or tempest, then and in every such
                  event if the damage or destruction is such that the Building
                  is rendered wholly unfit for occupancy, or it is impossible or
                  unsafe to use and occupy it, and if in either event the
                  damage, in the opinion of a reputable firm of architects
                  selected by the Tenant to be given to the Tenant within ten
                  days of the happening of the damage:

                  (I)      cannot be repaired with reasonable diligence within
                           120 days from the happening of the damage, either
                           party may within five days next succeeding the
                           giving of the opinion terminate this Lease by
                           giving to the other notice in writing, in which
                           event this Lease shall cease as of the date of the
                           damage and the rent and all other payments for
                           which the Tenant is liable under this Lease shall
                           be apportioned and paid in full to the date of
                           damage. If neither the Landlord nor the Tenant
                           terminates this Lease, then the Landlord shall
                           repair the Premises with all reasonable speed and
                           the rent shall abate from the date of the
                           happening of the damage until the damage shall be
                           made good and the Tenant can again use and occupy
                           the Premises; or

                  (II)     can be repaired with reasonable diligence within 120
                           days from the happening of the damage, then the rent
                           shall abate from the date of the happening of the
                           damage until the damage shall be made good and the
                           Tenant can again use the Premises and the Landlord
                           shall repair the damage with all reasonable speed; or

                  (III)    is such that the Premises are capable of being
                           partially used for the purposes for which they are
                           leased, then until the damage has been repaired the
                           rent shall be reduced by the fraction that the area
                           of that part of the Building which is rendered unfit
                           for occupancy is to the area of the Building, and the
                           Landlord shall repair the damage with all reasonable
                           speed.
<PAGE>
                                       10

         c)       Damage to property -- The Landlord is not liable nor
                  responsible in any way for any loss or damage or injury to any
                  property belonging to the Tenant or to its employees or to any
                  other person while the property is on the Premises or in the
                  Building unless the loss, damage, or injury is caused by the
                  negligence, act, fault or default of the Landlord or of its
                  employees, servants, agents or others for when the Landlord is
                  responsible at law.

         d)       Impossibility of performance -- It is agreed that whenever the
                  Landlord or Tenant is, in good faith, unable to fulfill, or
                  is delayed or restricted in fulfilling any obligation
                  hereunder for the supply or provision of any service or
                  utility or the doing of any work or the making of any
                  repairs because it is unable to obtain the material, goods,
                  equipment, service, utility or labour required to enable it
                  to fulfill the obligations or by reason of any statute, law
                  or order-in-council or any regulation or order passed or
                  made pursuant thereto or by reason of the order or direction
                  of any administrator, controller or board, or of any
                  government department or officer or other authority, or by
                  reason of not being able to obtain any permission or
                  authority required thereby, or by reason of any other cause
                  beyond its control, such party is relieved from the
                  fulfillment of the obligation for the period of the delay
                  and the party so delayed is entitled to perform that
                  obligation within a reasonable period after the end of the
                  period of delay and the other party is not entitled to
                  compensation for any inconvenience, nuisance or discomfort
                  thereby occasioned.

         e)       Default of Tenant -- If the rent is not paid when due, whether
                  lawfully demanded or not, or in the case of breach or
                  non-observance or non-performance of any of the covenants or
                  agreements herein contained or referred to on the part of the
                  Tenant to be observed and performed, or in the case the Term
                  is taken in execution or attachment for any cause, then the
                  Landlord is entitled to enter upon the Premises or any part
                  thereof in the name of the whole and to repossess and enjoy
                  the Premises as of its former estate.

         f)       Bankruptcy of Tenant-- Or in the case the Term or any of the
                  goods and chattels of the Tenant are seized in execution or
                  attachment by a creditor of the Tenant or if the Tenant
                  makes any assignment for the benefit of creditors or any
                  bulk sale or becomes bankrupt or insolvent or takes the
                  benefit of any act now or hereafter in force for bankrupt or
                  insolvent debtors and an order is made for the winding-up of
                  the Tenant, then this Lease shall at the option of the
                  Landlord cease and the Term shall immediately be forfeited
                  and the current month's rent and the next ensuing three
                  months' rent shall immediately become due and payable and
                  the Landlord may re-enter and take possession of the
                  Premises as though the Tenant or other occupant of the
                  Premises was holding over after the expiration of the Term.

         g)       Distress -- The Tenant waives the benefit of any present or
                  future statute taking away or limiting the Landlord's right of
                  distress, and agrees that none of the goods and chattels of
                  the Tenant on the Premises at any time during the Term is
                  exempt from levy by distress for rent in arrears.

<PAGE>
                                       11

         h)       Right of Re-Entry-- On the Landlord's becoming entitled to
                  re-enter the Premises under any of the provisions of this
                  Lease, the Landlord in addition to all other rights, may do
                  so as the agent of the Tenant, using force if necessary,
                  without being liable for prosecution therefor, and may relet
                  the Premises as agent of the Tenant, and receive the rent
                  therefor, and as agent of the Tenant may take possession of
                  furniture or other property on the Premises and sell it at
                  public or private sale without notice or apply the proceeds
                  of sale and rent derived from reletting the Premises upon
                  account of the rent under this lease, and the Tenant is
                  liable to the Landlord for any deficiency.

         i)       Right of Termination -- On the Landlord's becoming entitled to
                  reenter the Premises under any of the provisions of this
                  Lease, the Landlord, in addition to all other rights, has the
                  right to determine this Lease forthwith by leaving upon the
                  Premises notice in writing of its intention, and thereupon
                  rent and any other payments for which the Tenant is liable
                  under this Lease shall be computed, apportioned and paid in
                  full to the date of such determination, and the Tenant shall
                  immediately deliver up possession of the Premises to the
                  Landlord, and the Landlord may re-enter and repossess the
                  Premises.

         j)       Non-waiver -- Any condoning, excusing or overlooking by the
                  Landlord of any default, breach or non-observance by the
                  Tenant of any covenant, proviso or condition herein contained
                  does not operate as a waiver of the Landlord's rights
                  hereunder in respect of subsequent defaults, breaches or
                  non-observances and does not defeat or affect in any way the
                  rights of the Landlord herein in respect of any subsequent
                  defaults or breaches.

         k)       Overholding -- If the Tenant continues to occupy the Premises
                  after the expiration of this Lease with or without the consent
                  of the Landlord, and without any further written agreement,
                  the Tenant shall be a monthly tenant at the rent and on the
                  terms and conditions herein set out except as to length of
                  tenancy.

         l)       Notice -- Any notice required by this Lease is deemed
                  sufficiently given if contained in writing, enclosed in a
                  sealed envelope and addressed --
                  In the case of notice to the Landlord:
                  Yarmouth Area Industrial Commission
                  PO Box 131
                  Yarmouth, NS B5A 4B1
                  Telecopier: 902-742-3107

<PAGE>
                                       12

                  In the case of notice to the Tenant:
                  RCOM CANADA, CORP.
                  c/o Register.com, Inc.
                  575 Eighth Avenue
                  New York, NY 10018
                  Telecopier: 212-629-9305

                  and in the case of notice to the Tenant, to the address and
                  attention of the registered agent of the Tenant as contained
                  in the records of the Nova Scotia Registry of Joint Stock
                  Companies, and deposited in one of Her Majesty's post offices
                  in Yarmouth County, registered and postage prepaid. The date
                  of receipt of the notice is the date on which it is delivered.
                  Provided that either party may, by notice to the other,
                  designate another address in Canada to which notices mailed or
                  delivered more than ten days thereafter shall be addressed.

Time of Essence

19.      Time shall be of the essence in all respects.

Sole Agreement

20.      There are no covenants, agreements, conditions or material
representations relating to the subject matter of this Lease, which will subsist
between the parties upon its acceptance, except as expressly set forth herein or
in the Offer to Lease.

Vacating the Leased Premises

21.      Tenant shall not be in default for vacating the Premises prior to the
expiration date of the Term so long as the Tenant continues to pay rent
hereunder and is not in default on the other provisions of the Lease, and
written notice is provided to the Landlord at least thirty (30) days in advance
of vacating the Premises.

Satellite Dish

22.      The Tenant shall be permitted to install and maintain a satellite dish
on the roof of the Building at no charge to the Tenant during the Term and any
extension or renewals thereof. The Tenant shall be responsible for all costs
associated with the installation, maintenance and removal of the satellite dish.

Environmental

23.      Landlord covenants, warrants and represents that the Premises and the
Building are, and will be at the Prior Entry Date and commencement date, free of
any friable asbestos-containing materials.

24.      Landlord covenants, warrants and represents that to the best of its
knowledge, after thorough investigation, the Premises and the Building
(including the land thereunder) do not, and will not at the Prior Entry Date or
commencement date, contain any environmental contaminants ("toxic
contamination") of any kind (including PCBs, except for PCBs that are totally
contained within light fixtures and exterior transformers).

<PAGE>
                                       13

25.      The Landlord agrees to indemnify and hold the Tenant harmless from any
and all damages, losses, expenses (including reasonable attorneys fees), claims
or actions related to or arising out of any discovery of friable asbestos or
toxic contamination at the Premises or the Building (including the land
thereunder), and in particular, to pay the full cost of any environmental
clean-up which may be ordered under applicable legislation (excepting always any
clean-up required with respect to materials introduced onto the Premises by the
Tenant).

Option to Purchase

26. Landlord hereby grants to Tenant the option to purchase the Premises at any
time during the term of this Lease, or any extension thereof, provided the
Tenant is not in material default of its obligations hereunder. It is agreed and
understood that the Tenant may purchase the Premises, based on the date and
price as summarized in the amortization schedule attached as Schedule "C" to the
Offer to Lease with the requirement that the Landlord shall convey good and
marketable title thereto, free and clear of all liens and encumbrances, by full
warranty deed, such title to be insurable by a nationally known title company at
standard rates for an ALTA policy.

Right of First Refusal to Purchase

27.      If at any time during the term of this Lease, or any extension thereof,
the Landlord shall (a) elect to sell the Premises, or part thereof as a
condominium unit, or (b) receives a bona fide offer from a third party to
purchase the Premises, or part thereof, which the Landlord is willing to accept,
then in either event the Landlord shall notify the Tenant thereof and afford to
Tenant a period of thirty (30) days in which to elect to purchase the Premises,
or part thereof, on the terms offered. In the event Tenant notifies Landlord
within such thirty (30) day period that Tenant elects to purchase the Premises,
or part thereof, then on a mutually agreeable date within thirty (30) days
thereafter Landlord shall sell to Tenant, and Tenant shall purchase from
Landlord, the Premises, or part thereof, upon such terms, provided that Landlord
can convey good and marketable title thereto, free and clear of all liens and
encumbrances, by full warranty deed, such title to be insurable by a nationally
known title company at standard rates for an ALTA policy, which provision may be
waived by the Tenant, in its sole discretion. In the event Tenant declines to
purchase the Premises, or part thereof, or fails to respond to Landlord's
notice, then Landlord shall be free to sell the Premises, or part thereof, or
accept such offer by such third party, on the same terms and conditions for a
period of ninety (90) days thereafter, but in the event the Premises, or part
thereof, is not so sold within such ninety (90) day period, then Landlord shall
be again obligated to offer the Premises, or part thereof, for sale to Tenant as
provided herein.

Further Assurances

28.      The parties covenant and agree with each other to execute such further
documents as may be reasonably requested by the other to give effect to, or

<PAGE>
                                       14

notice of, the provisions contained herein, including but not limited to a short
form Notice of Lease for registration purposes and a separate agreement
detailing the Option to Purchase.

Amendments

29.      Any amendments to this Lease shall be in writing and signed by both
parties.

Headings

30.      The headings in this Lease have been inserted as a matter of
convenience and for reference only and in no way define, limit or enlarge the
scope or meaning of this lease nor of any provisions hereof.

Effect of Lease

31.      This Lease and everything herein contained shall extend to and bind and
may be taken advantage of by the successors and permitted assigns, of each of
the parties hereto. Should either party request the other's consent to an
assignment of this Lease, such consent shall not be unreasonably withheld.

Dispute Resolution

32. In the event of a dispute hereunder, the parties shall make all reasonable
efforts to resolve their dispute by amicable negotiations. If a dispute has not
been resolved within ten (10) days after the responding party has replied (or
failing such reply within ten (10) days after receipt of the notice) either
party may refer the dispute to be finally resolved by a final, conclusive and
binding arbitration by a single arbitrator under the provisions of the
Commercial Arbitration Act (Nova Scotia). The parties shall agree jointly on the
appointment of an arbitrator, failing which, either party may apply to court for
the appointment of an arbitrator. Each party shall bear its own costs in
connection with matter referred to dispute resolution provided however, the cost
of the arbitrator shall be paid in accordance with the decision of the
arbitrator.

EXECUTED                                    )        YARMOUTH AREA INDUSTRIAL
In the Presence of :                        )        COMMISSION
                                            )
                                            )   Per: /s/ Illegible
                                            )       ----------------------------
                                            )
      /s/ Illegible                         )   Per: /s/ Illegible
------------------------------              )       ----------------------------
                  Witness                   )
                                            )
                                            )        RCOM CANADA, CORP.
                                            )
                                            )   Per: /s/ Jack Kerins
                                            )       ----------------------------
                                            )
      /s/ Illegible                         )   Per:
------------------------------              )       ----------------------------
                  Witness                   )

<PAGE>
                                       15

                                  SCHEDULE "A"

ALL THAT certain lot, piece or parcel of land situate on County Crescent No. 458
at Hebron, in the County of Yarmouth and Province of Nova Scotia and more
particularly shown as Lot 23 on a plan of subdivision entitled Final Plan of
Subdivision of lands of the Yarmouth Area Industrial Commission situate at
County Crescent No. 458 at Hebron, Yarmouth County, NS dated March 18, 2001 and
prepared by Kevin Lombard, NSLS, P. Eng. And more particularly described as
follows:

BEGINNING at an iron rod on the Westerly sideline of an easement in favour of
the own of Yarmouth and at the Southeasterly corner of lands now or formerly of
Shag Holdings Limited;

THENCE 195E 06' 20" 101.050 metres along the Westerly sideline of the Town of
Yarmouth Easement to a survey marker at other lands of the Yarmouth Area
Industrial Commission;

THENCE 281E 37' 20" 144.558 metres along said other lands of the Yarmouth Area
Industrial Commission to a survey marker at the Southeasterly corner of other
lands (Lot 15) of the Yarmouth Area Industrial Commission;

THENCE 17E 21' 20" 92.000 metres along the Southeasterly boundary of said Lot 15
to a survey marker on the Southerly sideline of County Crescent No. 458 and at
the Northeasterly corner of Lot 15;

THENCE 101E 37' 20" 46.000 metres along the sideline of County Crescent No. 458
to a survey marker;

THENCE 101E 37' 20" 10.317 metres along the sideline of County Crescent No. 458
to a survey marker at a point of curvature;

THENCE following a curve to the right, said curve having a radius of 30.760
metres, a chord bearing and distance of 112E 56' 00" 12.067 metres, an arc
distance of 12.146 metres along the sideline of County Crescent No. 458 to a
survey marker at a point of curvature;

THENCE 124E 14' 40" 13.243 metres along the sideline of County Crescent No. 458
to a survey marker at a point of curvature;

THENCE following a curve to the left, said curve having a radius of 23.250
metres, a chord bearing and distance of 114E 46' 40" 7.648 metres, an arc
distance of 7.683 metres along the sideline of County Crescent No. 458 to a
survey marker at a point of curvature.

[The above Lot 23 being a consolidation of Lots 12, 13 and 14 as shown on
Schedule "A" to the Offer to Lease.]

<PAGE>
                                       16

                                  SCHEDULE "B"

                 [NOTE TO DRAFT: EITHER ATTACH RELEVANT BUILDING
                 SPECIFICATIONS OR REFER TO REPORTS/PLANS, ETC.
                         WHICH CONTAIN SUCH PARTICULARS]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00025-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00025-of-00352.parquet"}]]