Document:

<PAGE>
                                                                   EXHIBIT 10.27

                    AMENDED AND RESTATED EMPLOYMENT AGREEMENT

            This Agreement is entered into as of April 26, 2004, by and between
JEFFREY TITTERTON (the "Employee") and PLANETOUT PARTNERS, INC., a Delaware
corporation (the "Company").

1)    DUTIES AND SCOPE OF EMPLOYMENT.

a)    POSITION. For the term of his employment under this Agreement (the
      "Employment"), the Company agrees to employ the Employee in the position
      of Senior Vice President or in such other level equivalent or higher-level
      position as the Company subsequently may assign to the Employee. The
      Employee shall report to the CEO, President, COO, CFO, Executive Vice
      President, Senior Vice President or to such other person as the Company
      subsequently may determine. The Employee's duties shall include, but are
      not limited to, those items set forth in Schedule A of this Agreement, as
      may be updated from time-to-time as mutually agreed by Employee and
      Employee's senior management, provided however that Employee's duties
      following such changes shall be commensurate with Employee's Senior Vice
      President-level or higher-level position with the Company.

b)    OBLIGATIONS TO THE COMPANY. During his Employment, the Employee shall
      devote his full business efforts and time to the Company. During his
      Employment, the Employee may, during nonworking hours away from the
      Company's premises, engage in lawful conduct as an employee, consultant or
      volunteer for an organization other than the Company ("Other Work");
      provided, however, that such Other Work does not include, without
      limitation, conduct that (i) constitutes a breach of fiduciary duty to the
      Company, (ii) constitutes a breach of the duty of loyalty to the Company,
      (iii) constitutes a breach of Employee's Proprietary Information and
      Inventions Agreement with the Company, (iv) constitutes a breach of this
      Agreement, (v) competes with the Company's business, (vi) assists any
      person or entity in competing with the Company, (vii) assists any person
      or entity in preparing to compete with the Company, or (viii) assists any
      person or entity in hiring away any employees or consultants of the
      Company. In the event that the Employee engages in Other Work, the
      Employee must, at least five (5) business days prior to engaging in lawful
      conduct in business activities other than the Company's business, or in
      charitable and political activities not directly associated with the
      Company during nonworking hours away from the Company's premises, the
      Employee must in writing notify the Company of the Employee's activity and
      purpose of activity, name of employer (if any) or organization, position
      with respect to the activity or the entity and any potential conflict that
      may arise from that activity, including and the number of hours spent
      engaging in such activity that may or will detract from the business of
      the Company. The Employee shall comply with the Company's policies and
      rules, as they may be in effect from time to time during his Employment.
<PAGE>
c)    NO CONFLICTING OBLIGATIONS. The Employee represents and warrants to the
      Company that he is under no obligations or commitments, whether
      contractual or otherwise, that are inconsistent with his obligations under
      this Agreement. The Employee represents and warrants that he will not use
      or disclose, in connection with his employment by the Company, any trade
      secrets or other proprietary information or intellectual property in which
      the Employee or any other person has any right, other than the Company,
      title or interest and that his employment by the Company as contemplated
      by this Agreement will not infringe or violate the rights of any other
      person. The Employee represents and warrants to the Company that he has
      returned all property and confidential information belonging to any prior
      employer. The Employee agrees to sign the current versions and any future
      versions of the Company's various agreements related to confidentiality,
      inventions and related intellectual matters.

d)    COMMENCEMENT DATE AND LOCATION. The Employee shall officially commence
      work for the Company (or a predecessor company) on November 1, 2000
      ("Commencement Date") and shall be located in the San Francisco office of
      the Company.

2)    CASH AND INCENTIVE COMPENSATION.

a)    SALARY. The Company shall pay the Employee as compensation for his
      services a base salary at a gross annual rate, excluding incentive bonuses
      that may be approved by the Company's CEO or Board of Directors (the
      "Board"), of One Hundred Eighty Thousand Dollars ($180,000) from the
      Effective Date. Such base salary shall be payable in accordance with the
      Company's standard payroll procedures. (The annual base salary specified
      in this Subsection (a), together with any increases in such compensation
      that the Company may grant from time to time, is referred to in this
      Agreement as "Base Compensation.") The Employee will be entitled to
      receive an evaluation of performance on or about each successive annual
      anniversary of the Employee's commencement. All future changes to
      compensation will be based on the results of evaluations of the Employee's
      performance, whether such evaluations are performed annually, or more
      frequently as may be initiated by Employee's senior management.

b)    INCENTIVE BONUSES. The Employee shall be eligible to be considered for an
      annual incentive bonus. Such bonus (if any) shall be awarded based on
      objective or subjective criteria established in advance by the CEO, CFO or
      COO, as may be approved by the Board and, after such approval, presented
      to Employee. The determinations of the Board with respect to such bonus
      shall be final and binding.

c)    PERFORMANCE BONUS OPTIONS. Subject to the approval of the Board, the
      Company may grant the Employee stock options, from time-to-time, covering
      the shares of the Company's equity securities. The terms of such options
      shall be as determined by the Company's Board of Directors at the time of
      any such grant. Such terms shall be provided in writing to the Employee at
      the time of any such grant.

Page 2
<PAGE>
3)    VACATION AND EMPLOYEE BENEFITS. During his Employment, the Employee shall
      be eligible for paid vacations in accordance with the Company's standard
      policy for similarly situated employees, as it may be amended from time to
      time. During his Employment, the Employee shall be eligible to participate
      in any employee benefit plans maintained by the Company for similarly
      situated employees, subject in each case to the generally applicable terms
      and conditions of the plan in question and to the determinations of any
      person or committee administering such plan based on the terms of the plan
      and Company policy. At Employee's option, Employee shall be eligible to
      use personal life and disability insurance to cover the approximate
      difference between the company plan's maximum and his Base Compensation up
      to a cost of $150 per month for disability insurance and $100 per month
      for life insurance and to present the Company receipts for such insurance
      for reimbursement by the Company.

4)    BUSINESS EXPENSES. During his Employment, the Employee shall be authorized
      to incur necessary and reasonable travel, entertainment and other business
      expenses in connection with his duties hereunder. The Company shall
      reimburse the Employee for such expenses upon presentation of an itemized
      account and appropriate supporting documentation, all in accordance with
      the Company's generally applicable policies.

5)    TERM OF EMPLOYMENT.

a)    BASIC RULE. The Company agrees to continue the Employee's Employment, and
      the Employee agrees to remain in Employment with the Company, from the
      commencement date set forth in Section 1(d) until the date when the
      Employee's Employment terminates pursuant to Subsection (b) or (c) below.
      The Employee's Employment with the Company shall be "at will," meaning
      that either the Employee or the Company shall be entitled to terminate the
      Employee's employment at any time and for any reason, with or without
      Cause. Any contrary representations that may have been made to the
      Employee shall be superseded by this Agreement. This Agreement shall
      constitute the full and complete agreement between the Employee and the
      Company on the "at will" nature of the Employee's Employment, which may
      only be changed in an express written agreement signed by the Employee and
      a duly authorized officer of the Company.

b)    TERMINATION. The Company may terminate the Employee's Employment at any
      time and for any reason (or no reason), and with or without Cause, by
      giving the Employee notice in writing. The Employee may terminate his
      Employment by giving the Company twenty-one (21) days advance notice in
      writing. The Employee's Employment shall terminate automatically in the
      event of his death.

c)    RIGHTS UPON TERMINATION. Except as expressly provided in Section 6, upon
      the termination of the Employee's Employment pursuant to this Section 5,
      the Employee shall only be entitled to the compensation, benefits and
      reimbursements described in Sections 2, 3 and 4 for the period preceding
      the effective date of the termination. The payments under this Agreement
      shall fully discharge all responsibilities of the Company to the Employee.

Page 3
<PAGE>
d)    TERMINATION OF AGREEMENT. This Agreement shall terminate when all
      obligations of the parties hereunder have been satisfied. The termination
      of this Agreement shall not limit or otherwise affect any of the
      Employee's obligations under Section 7.

6)    TERMINATION BENEFITS.

a)    GENERAL RELEASE. Any other provision of this Agreement notwithstanding,
      Subsections (b) and (c) below shall not apply unless the Employee (i) has
      executed a reasonable general release (in a form prescribed by the
      Company) of all known and unknown claims that he may then have against the
      Company or persons affiliated with the Company and (ii) has agreed not to
      prosecute any legal action or other proceeding based upon any of such
      claims.

b)    SEVERANCE PAY.

      i)    If, during the term of this Agreement, the Company terminates the
            Employee's Employment (including through "Constructive Termination"
            as defined below) for any reason other than Cause or Permanent
            Disability, then the Company shall pay the Employee his Base
            Compensation for a period of nine (9) months following the
            termination of his Employment (the "Base Continuation Period") and
            shall accelerate the vesting of any outstanding stock options such
            that the Employee will become vested in an additional number of
            shares subject to such stock options, as if the Employee provided
            another six (6) months of service with the Company. Such Base
            Compensation shall be paid at the rate in effect at the time of the
            termination of Employment and in accordance with the Company's
            standard payroll procedures

      ii)   If, within sixteen (16) months following a Change of Control (as
            defined in Part 2(e) of the Planetout Partners, Inc. Performance and
            Equity Participation (PEP) Plan as adopted on January 22, 2002 (the
            "PEP Plan")) and the Company terminates the Employee's Employment
            (including through "Constructive Termination" as defined below) for
            any reason other than Cause or Permanent Disability, then, subject
            to the "Parachute Payment" provisions of paragraph 5(d) of the PEP
            Plan (as if such provisions were a full part of this agreement, even
            if such plan is not in effect at the time of a Change of Control),
            the Company shall pay the Employee his Base Compensation for a
            period of twelve (12) months following the termination of his
            Employment (the "Change of Control Continuation Period"), and shall
            accelerate the vesting of any outstanding stock options such that
            the Employee will become vested in an additional number of shares
            subject to such stock options, as if the Employee provided the
            greater of either (A) another six (6) months of service with the
            Company or (B) 50% of the remaining unvested shares. Such Base
            Compensation shall be paid at the rate in effect at the time of the
            termination of Employment and in accordance with the Company's
            standard payroll procedures.

Page 4
<PAGE>
      iii)  DEFINITION OF "CONSTRUCTIVE TERMINATION." For all purposes under
            this Agreement "Constructive Termination" shall mean that the
            Employee's resignation within sixty (60) days following (i) a
            material reduction or change in title, job duties, authority,
            responsibilities or job requirements inconsistent with Employee's
            position with the Company to which the Employee has not agreed to in
            writing; (ii) any material reduction of Employee's Base Compensation
            to which the Employee has not agreed to in writing; (iii) any
            elimination of a material benefit provided to the Employee pursuant
            to employment with the Company to which the Employee has not agreed
            to in writing unless such material benefit is being eliminated for
            all Employees in comparable positions or Employee's class due to a
            reasonable business need or condition; (iv) a relocation of place of
            employment more than sixty (60) miles from San Francisco,
            California; (v) the Company's failure to cure any material breach by
            it of the terms of this letter agreement within a reasonable time
            following written notice from the Employee to the Company's Board of
            Directors; or (vi) the actual occurrence of any "constructive
            termination" of the Employee by the Company under California law.
            The provisions of subparts (i) through (iii) of this subparagraph
            b(iii) shall not apply if any "cause" as defined in subparagraph (d)
            has occurred, and, if curable pursuant to subparagraph (d), has not
            been cured.

      iv)   DEFINITION OF "PERMANENT DISABILITY." For all purposes under this
            Agreement, "Permanent Disability" shall mean that the Employee, at
            the time notice is given, has failed to perform his duties under
            this Agreement for a period of not less than 90 consecutive days (or
            such longer period as may be required by law) as the result of his
            incapacity due to physical or mental injury, disability or illness.

c)    HEALTH INSURANCE. If Subsection (b) above applies, and if the Employee
      elects to continue his health insurance coverage under the Consolidated
      Omnibus Budget Reconciliation Act ("COBRA") following the termination of
      his Employment, then the Company shall pay the Employee's monthly premium
      under COBRA until the earliest of (i) the close of the Base Continuation
      Period or Change of Control Continuation Period, as applicable, (ii) the
      expiration of the Employee's continuation coverage under COBRA or (iii)
      the date when the Employee receives substantially equivalent health
      insurance coverage in connection with new employment or self-employment.

d)    DEFINITION OF "CAUSE." For all purposes under this Agreement, "Cause"
      shall mean:

      i)    Any material breach of this Agreement, the Proprietary Information
            and Inventions Agreement between the Employee and the Company, or
            any other written agreement between the Employee and the Company,
            without Employee's satisfactory and reasonable cure, if curable,
            within thirty (30) days of Employee's receipt of written notice from
            the Company of such failure to comply, provided that such notice by
            Company to Employee specifies the material breach(es) compliance
            issues and shall delineate the performance

Page 5
<PAGE>
            improvements, modifications or action items necessary for Employee
            to effect a satisfactory and reasonable cure;

      ii)   Any material failure to comply with the Company's written policies
            or rules, as they may be in effect from time to time during the
            Employee's Employment, which adversely impacts any aspect of the
            business or personnel of the Company without Employee's satisfactory
            and reasonable cure, if curable, within thirty (30) days of
            Employee's receipt of written notice from the Company of such
            failure to comply, provided that such notice by Company to Employee
            shall specify the material failure(s) to comply compliance issues
            and delineates the performance improvements, modifications or action
            items necessary for Employee to effect a satisfactory and reasonable
            cure;

      iii)  Conviction of, or a plea of "guilty" or "no contest" to, a felony
            under the laws of the United States or any state thereof;

      iv)   Threats or acts of violence or unlawful harassment directed at any
            present, former or prospective employee, independent contractor,
            vendor, customer or business partner of the Company or directed to
            the Company;

      v)    The sale, possession or use of illegal drugs on the premises of the
            Company or of a customer or business partner of the Company or when
            engaged in the business of the Company at Company events, Company
            sponsored events and at any other events, premises and venues at
            which the Employee is engaged in the business of the Company;

      vi)   Misappropriation of the assets of the Company or other acts of
            dishonesty;

      vii)  Illegal or unethical business practices;

      viii) Gross misconduct or gross negligence in the performance of duties
            assigned to the Employee under this Agreement; or

      ix)   Failure to perform reasonable duties assigned to the Employee under
            this Agreement without Employee's satisfactory and reasonable cure,
            if curable, within sixty (60) days of Employee's receipt of written
            notice from the Company of such failure to perform, provided that
            such notice by Company to Employee shall specify the failure(s) to
            perform and delineate the performance improvements, modifications or
            action items necessary for Employee to effect a satisfactory and
            reasonable cure.

7)    NON-SOLICITATION AND NON-DISCLOSURE.

Page 6
<PAGE>
a)    NON-SOLICITATION. During the period commencing on the date of this
      Agreement and continuing until the first anniversary of the date when the
      Employee's Employment terminated for any reason, the Employee shall not
      directly or indirectly, personally or through others, solicit or attempt
      to solicit (on the Employee's own behalf or on behalf of any other person
      or entity) either (i) the employment of any employee of the Company or any
      of the Company's affiliates or (ii) the business of any customer of the
      Company or any of the Company's affiliates with whom the Employee had
      contact during his Employment.

b)    NON-DISCLOSURE. The Employee has entered into a Proprietary Information
      and Inventions Agreement with the Company, which is incorporated herein by
      reference.

8)    SUCCESSORS.

a)    COMPANY'S SUCCESSORS. This Agreement shall be binding upon any successor
      (whether direct or indirect and whether by purchase, lease, merger,
      consolidation, liquidation or otherwise) to all or substantially all of
      the Company's business and/or assets. For all purposes under this
      Agreement, the term "Company" shall include any successor to the Company's
      business and/or assets which becomes bound by this Agreement.

b)    EMPLOYEE'S SUCCESSORS. This Agreement and all rights of the Employee
      hereunder shall inure to the benefit of, and be enforceable by, the
      Employee's personal or legal representatives, executors, administrators,
      successors, heirs, distributees, devisees and legatees.

9)    MISCELLANEOUS PROVISIONS.

a)    NOTICE. Notices and all other communications contemplated by this
      Agreement shall be in writing and shall be deemed to have been duly given
      when personally delivered or when mailed by U.S. registered or certified
      mail, return receipt requested and postage prepaid. In the case of the
      Employee, mailed notices shall be addressed to him at the home address
      which he most recently communicated to the Company in writing. In the case
      of the Company, mailed notices shall be addressed to its corporate
      headquarters, and all notices shall be directed to the attention of its
      Secretary.

b)    MODIFICATIONS AND WAIVERS. No provision of this Agreement shall be
      modified, waived or discharged unless the modification, waiver or
      discharge is agreed to in writing and signed by the Employee and by an
      authorized officer of the Company (other than the Employee). No waiver by
      either party of any breach of, or of compliance with, any condition or
      provision of this Agreement by the other party shall be considered a
      waiver of any other condition or provision or of the same condition or
      provision at another time.

      WHOLE AGREEMENT. This Agreement supersedes any previous offer letters and
      employment agreements including, among any others, the Employment
      Agreement dated

Page 7
<PAGE>
      August 1, 2002.. No other agreements, representations or understandings
      (whether oral or written and whether express or implied), which are not
      expressly set forth in this Agreement have been made or entered into by
      either party with respect to the subject matter hereof. This Agreement,
      the Proprietary Information and Inventions Agreement, the Company's 2001
      Equity Incentive Plan, the applicable Stock Option Agreements evidencing
      Stock Options granted to you by the Company, any grants made to you of the
      Company's Series B Preferred Stock, and the Company's Performance and
      Equity Participation (PEP) Plan previously entered into by Employee
      contain the entire understanding of the parties with respect to the
      subject matter hereof.

c)    WITHHOLDING TAXES. All payments made under this Agreement shall be subject
      to reduction to reflect taxes or other charges required to be withheld by
      law.

d)    CHOICE OF LAW AND SEVERABILITY. This Agreement is executed by the parties
      in the State of California and shall be interpreted in accordance with the
      laws of such State (except their provisions governing the choice of law).
      If any provision of this Agreement becomes or is deemed invalid, illegal
      or unenforceable in any jurisdiction by reason of the scope, extent or
      duration of its coverage, then such provision shall be deemed amended to
      the extent necessary to conform to applicable law so as to be valid and
      enforceable or, if such provision cannot be so amended without materially
      altering the intention of the parties, then such provision shall be
      stricken and the remainder of this Agreement shall continue in full force
      and effect. Should there ever occur any conflict between any provision
      contained in this Agreement and any present or future statue, law,
      ordinance or regulation contrary to which the parties have no legal right
      to contract, then the latter shall prevail but the provision of this
      Agreement affected thereby shall be curtailed and limited only to the
      extent necessary to bring it into compliance with applicable law. All the
      other terms and provisions of this Agreement shall continue in full force
      and effect without impairment or limitation.

e)    ARBITRATION. Any controversy or claim arising out of or relating to this
      Agreement or the breach thereof, or the Employee's Employment or the
      termination thereof, shall be settled in San Francisco, CA, by arbitration
      before a single arbitrator in accordance with the Employment Arbitration
      Rules and Procedures of the Judicial Arbitration and Mediation Services.
      The decision of the arbitrator shall be final and binding on the parties,
      and judgment on the award rendered by the arbitrator may be entered in any
      court having jurisdiction thereof. The parties hereby agree that the
      arbitrator shall be empowered to enter an equitable decree mandating
      specific enforcement of the terms of this Agreement. The Company and the
      Employee shall share equally all fees and expenses of the arbitrator. The
      Employee hereby consents to personal jurisdiction of the state and federal
      courts located in the State of California for any action or proceeding
      arising from or relating to this Agreement or relating to any arbitration
      in which the parties are participants.

Page 8
<PAGE>
f)    NO ASSIGNMENT. This Agreement and all rights and obligations of the
      Employee hereunder are personal to the Employee and may not be transferred
      or assigned by the Employee at any time. The Company may assign its rights
      under this Agreement to any entity that assumes the Company's obligations
      hereunder in connection with any sale or transfer of all or a substantial
      portion of the Company's assets to such entity.

g)    COUNTERPARTS. This Agreement may be executed in two or more counterparts,
      each of which shall be deemed an original, but all of which together shall
      constitute one and the same instrument.

            IN WITNESS WHEREOF, each of the parties has executed this Agreement,
in the case of the Company by its duly authorized officer, as of the day and
year first above written.

                                    By  /s/ JEFFREY TITTERTON
                                        ------------------------------------

                                    Jeffrey Titterton

                                    PlanetOut Partners, Inc.

                                    By  /s/ LOWELL R. SELVIN
                                        --------------------------------------

                                    Lowell R. Selvin

                                    Chairman and Chief Executive Officer

Page 9
<PAGE>
                                   SCHEDULE A

                                 EMPLOYEE DUTIES

1.    POSITION AND STRUCTURE:

      1.1.  Senior Vice President, Member Sales and Marketing

      1.2.  Reporting to the President

2.    POSITION OVERVIEW

      2.1.  Overall management and P&L responsibility for PlanetOut Partners'
            (POP) Premium Services business lines, including Gay.com Chat and
            Personals, PlanetOut Personals, and other member-to-member
            communications services; as well as its E-Commerce business lines,
            including Kleptomaniac.com and other transaction-based E-Commerce
            services.

      2.2.  Primary management responsibility for business planning, strategy
            and tactical implementation to support all POP E-Commerce and
            subscription sales.

      2.3.  Manages POP's business, marketing, creative services and customer
            service teams and works to promote collaboration between these
            groups to ensure efficient workflow, superior product quality and
            rapid time-to-market of all product deliverables.

      2.4.  Primary responsibility for all near- and long-term strategic
            business planning for POP's consumer sales groups, including revenue
            planning, labor and marketing resource allocation, and product
            development planning.

      2.5.  Works with company business and technology leaders to prioritize
            corporate development projects and to provide revenue analysis to
            support that prioritization.

      2.6.  Interfaces regularly with POP's other business leaders to ensure
            cohesive company strategy, identify areas for cross-promotion
            opportunities, and work toward increased synergies.

      2.7.  In an effort to promote global adoption of POP Premium Services,
            oversees international Premium Services managers to drive sales of
            those services in foreign markets and identify new geographical
            areas of expansion for PlanetOut Partners.

3.    RESPONSIBILITIES

      3.1.  Develop short-term and long-term global business plans and budgets
            for POP's Premium Services and E-Commerce divisions.

      3.2.  Primary P&L responsibility for all consumer sales business lines.

      3.3.  Manage business, marketing and creative services departments;
            oversee and approve all product development, marketing and other
            customer acquisition and retention plans related to Premium Services
            and E-Commerce.

      3.4.  Manages customer service group; oversee and approve all product
            development and other plans related to customer service.

      3.5.  Manage international Premium Services teams to ensure rapid growth
            in key international markets and cohesive brand strategy worldwide

      3.6.  Work with company leaders to set corporate objectives and
            priorities, including both long-term strategic planning and
            shorter-term tactical development.

Page 10
<PAGE>
      3.7.  Oversee short and long-term market strategies and tactics to support
            overall revenue and customer acquisition goals for Gay.com and
            PlanetOut Premium Services; oversee marketing leads to ensure
            consistency of message, marketing tactics and promotional plans.

      3.8.  Work closely with product development and technology divisions to
            drive customer acceptance of new products, changes to existing
            products, and to obsolete products as needed.

      3.9.  Establish shot and long-term business and marketing relationships
            with strategic partners to drive adoption of POP consumer products
            and services and create new offerings for POP users.

      3.10. Provide revenue, SWOT (strength, weakness, opportunity, threat) and
            other business analysis regarding all consumer sales to the POP
            Board on a regular basis.

      3.11. Monitor competitive landscape for product direction, go-to-market
            message shifts, and other threats.

      3.12. Act as primary company spokesperson for business and consumer
            interviews related directly to Premium Services and E-Commerce
            products.

      3.13. Responsibilities as further defined in job descriptions and other
            roles and responsibilities memoranda.

4.    As a leader, with integrity, wisdom and prudence, interacting with,
      communicating to, helping to educate and to develop upline and downline
      management, peer management, and non-reporting staff throughout the
      Company to the benefit of all Company individuals and the business as a
      whole.

5.    Representing the Company and its individuals in formal and informal
      communications and presentations, on panels, with the press as
      pre-approved, in the field, with clients and other business partners, and
      in all other business-related circumstances, with the highest attainable
      form of professionalism, integrity, honesty, and sincerity in the desire
      to serve, provide service, and relate information, and in all other forms
      of communication and presentation.

Page 11<PAGE>
                                                                               .
                                                                               .
                                                                               .
                                                                     Exhibit 4.1

<Table>

<S>                                                                                     <C>
Certificate No. *Common  For  ***    Shares Issued to    **SPECIMEN**                   Transferred from                   /  /
               --------     --------                  --------------------------------- --------------------------------------------
                                                                                        No. Original  No. Original  No. Of Shares
                                                                                        Certificate   Shares        Transferred
Dated         ***                     , 20** Receipt acknowledged
      --------------------------------  ----                     ---------------------- ------------- ------------- ----------------

            NUMBER                                                                                               SHARES
             ***                                                                                                  ***
                                                   INCORPORATED UNDER THE LAWS OF

                                                         STATE OF DELAWARE

                                                           STRANEX, INC.

                                                   COMMON STOCK, $.0001 PAR VALUE

    THIS CERTIFIES THAT                                   ***SPECIMEN***                                     is the owner of
                       -------------------------------------------------------------------------------------

       -**********(******) -
    ------------------------------------------------------------------------------------------------------------- fully paid
    and non-assessable Shares of the Capital Stock of the above named Corporation transferable only on the books of the
         Corporation by the holder hereof in person or by duly authorized Attorney upon surrender of this Certificate properly
            endorsed.

             IN WITNESS WHEREOF, the said Corporation has caused this Certificate to be signed by its duly authorized officer
             and its Corporate Seal to be hereunto affixed this                       day of         ***        A.D.  20**
                                                               ----------------------       -------------------       -----

         --------------------------                                                                 --------------------------
</Table>

<PAGE>
                          EXPLANATION OF ABBREVIATIONS

    The following abbreviations, when used in the inscription of ownership on
the face of this certificate, shall be construed as if they were written out in
full according to applicable laws or regulations. Abbreviations, in addition to
those appearing below, may be used.

<Table>
<S>        <C>                                                      <C>                   <C>
JT TEN     As joint tenants with right of survivorship and          TEN ENT               As tenants by the entireties
           not as tenants in common                                 UNIF TRANS MIN ACT    Uniform Transfers to Minors Act
TEN COM    As tenants in common                                     CUST                  Custodian for
</Table>

For Value Received,  _____________________ hereby sell, assign and transfer unto
   PLEASE INSERT SOCIAL SECURITY OR OTHER
      IDENTIFYING NUMBER OF ASSIGNEE
__________________________________________

________________________________________________________________________________

_______________________________________________ Shares represented by the within
Certificate, and do hereby irrevocably constitute and appoint

_____________________________________________________________________ Attorney
to transfer the said Shares on the books of the within named Corporation with
full power of substitution in the premises.
Dated _______________________ 20__
            In presence of

__________________________________            __________________________________

       NOTICE:  THE SIGNATURE OF THIS ASSIGNMENT MUST CORRESPOND WITH THE
      NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR
            WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER

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

                                  CERTIFICATE

                                      FOR

                                     SHARES

                                       OF

                                   ISSUED TO

                     ______________________________________
                                     dated

                     ______________________________________

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

THESE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS AND
MAY NOT BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF IN THE ABSENCE OF A
EFFECTIVE REGISTRATION STATEMENT WITH RESPECT TO THE SECURITIES EVIDENCED BY
THIS CERTIFICATE, FILED AND MADE EFFECTIVE UNDER THE SECURITIES ACT OF 1933, AS
AMENDED, AND SUCH APPLICABLE STATE SECURITIES LAWS, OR UNLESS THE COMPANY
RECEIVES AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY TO THE EFFECT THAT
REGISTRATION UNDER SUCH ACT AND SUCH APPLICABLE STATE SECURITIES LAWS IS NOT
REQUIRED.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00065-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00065-of-00352.parquet"}]]