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                                                                    EXHIBIT 4.02

                                                               EXECUTION VERSION

                         REGISTRATION RIGHTS AGREEMENT

               THIS REGISTRATION RIGHTS AGREEMENT (this "Agreement") is made and
entered into as of September 28, 2000 by and among Exodus Communications, Inc.,
a Delaware corporation (including any successor or assign thereof, the
"Company"), Global Crossing GlobalCenter Holdings Inc., a Delaware corporation,
Global Crossing Ltd., a Bermuda company, and its other direct and indirect
subsidiaries which acquire Registrable Shares (as defined below) and agree in
writing to be bound by the terms of this Agreement (each of Global Crossing
GlobalCenter Holdings Inc., Global Crossing Ltd. and such other subsidiaries is
referred to herein individually as an "Investor" and collectively as the
"Investors").

               WHEREAS, pursuant to the Agreement and Plan of Merger, dated as
of September 27, 2000 (the "Merger Agreement"), by and among the Company, Exodus
Acquisition Corp., Global Crossing North America, Inc., the Investor,
GlobalCenter Holding Co. ("GlobalCenter Holding") and GlobalCenter Inc., each
outstanding share of common stock of GlobalCenter Holding, $.01 par value, will
be converted into shares of Common Stock, par value $.001 per share (including
any capital stock into which the Common Stock may be exchanged or converted, the
"Common Stock"), of the Company;

               WHEREAS, concurrently in connection with and pursuant to the
Merger Agreement, (i) the Company and the Investor have entered into a
Stockholder Agreement, dated as of the date hereof (as amended, supplemented or
otherwise modified from time to time, the "Stockholder Agreement"), and (ii) the
Company has agreed to grant to the Investor the Registration Rights (as defined
in Section 1 hereof) with respect to the Registrable Shares (as defined in
Section 1 hereof);

               NOW, THEREFORE, the parties hereto, in consideration of the
foregoing, the mutual covenants and agreements hereinafter set forth, and other
good and valuable consideration, the receipt and sufficiency of which hereby are
acknowledged, hereby agree as follows:

Section 1.     Registration Rights
               -------------------

               Each Investor shall be entitled to offer for sale Registrable
Shares pursuant to a shelf registration statement or, in certain other
circumstances, as provided by Section 1.3 hereof, in each case subject to the
terms and conditions set forth in the Stockholder Agreement and herein (the
"Registration Rights"). For purposes of this Agreement, "Registrable Shares"
means (i) the shares of Common Stock issued to the Investor in connection with
the Merger Agreement and the consummation of the transactions contemplated
thereby, (ii) any additional shares of Common Stock acquired by an Investor
which are treated as "control shares" by virtue of such Investor's status as an
"affiliate" of the Company within the meaning of such terms under the Securities
Act of 1933, as amended (the "Securities Act"), and (iii) any other shares of
Common Stock issued as (or issuable upon the conversion or exercise of any
warrant, right or other

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security which is issued as) a dividend or other distribution with respect to,
or in exchange for, or in replacement of, all such shares of Common Stock
described in clauses (i) and (ii); provided, however, that Registrable Shares
                                   --------  -------
shall be treated as Registrable Shares only if and so long as, they have not
been (A) sold to or through a broker or dealer or underwriter in a public
distribution or a public securities transaction or (B) sold in a transaction
exempt from the registration and prospectus delivery requirements of the
Securities Act (as defined below) under Section 4(1) thereof so that all
transfer restrictions and restrictive legends with respect thereto are removed
upon the consummation of such sale.

               1.1  Shelf Registration Rights.
                    -------------------------

               (a)  Shelf Registration Statement. The Company, within four
                    ----------------------------
months after the Effective Time (as defined in the Merger Agreement), shall file
with the Securities and Exchange Commission ("SEC") a registration statement for
an offering to be made on a continuous basis pursuant to Rule 415 under the
Securities Act, covering all of the Registrable Shares (the "Registration
Statement"; and the related prospectus (including any preliminary prospectus) is
referred to as the "Prospectus"). The Registration Statement shall be on the
appropriate form, and shall otherwise comply as to form in all material respects
with the requirements of the Securities Act and the rules and regulations
promulgated thereunder, permitting registration of such Registrable Shares for
resale by each Investor in the manner or manners designated by it (including,
without limitation, one or more underwritten public offerings). The Company will
use its best efforts to cause the Registration Statement to be declared
effective by the SEC within six months after the Effective Time and will notify
each Investor when such Registration Statement has become effective. The Company
agrees (subject to Section 1.2 hereof) to use its best efforts to keep the
Registration Statement effective (including the preparation and filing of any
amendments and supplements necessary for that purpose) during the period from
the date that is six months after the Effective Time until the earlier of (i)
the date on which the Investors shall have sold all of the Registrable Shares,
or (ii) the date on which (A) the Investors beneficially own less than three
percent (3%) of the outstanding Common Stock and (B) all of the Registrable
Shares are eligible for sale in a single transaction pursuant to Rule 144(e) (or
any successor provision) under the Securities Act (such period, the "Effective
Period"). Upon seeking to offer and sell its Registrable Shares pursuant to the
Registration Statement, each Investor agrees to provide in a timely manner
information regarding the proposed distribution by such Investor of the
Registrable Shares and such other information reasonably requested by the
Company in connection with the preparation of and for the inclusion in the
Registration Statement. The Company agrees to provide to each Investor a
reasonable number of copies of the final Prospectus and any amendments or
supplements thereto. If the Registration Statement ceases to be effective for
any reason at any time during the Effective Period (other than because of the
sale of all of the securities registered thereunder or as permitted by Section
1.2 hereof), the Company shall use its best efforts to obtain the prompt
withdrawal of any order suspending the effectiveness thereof.

               (b)  Offerings and Sales. At any time and from time to time
                    -------------------
during the Effective Period, subject to the restrictions set forth in the
Stockholder Agreement and to

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Section 1.1(c) hereof (in the case of any underwritten public offering) and
Sections 1.1(d) and 1.2 hereof (in the case of all offerings hereunder), each
Investor may exercise its Registration Rights hereunder with respect to such
Registrable Shares. If such Investor desires to offer and sell such Registrable
Shares pursuant to an underwritten public offering, such Investor shall deliver
to the Company a written notice (an "Underwritten Registration Notice"), which
notice shall be given at least thirty (30) days prior to the date on which such
Investor desires to consummate the sale of such Registrable Shares. Any such
Underwritten Registration Notice shall in any event be subject to revocation by
such Investor by delivery of a subsequent written notice delivered to the
Company by no later than the fifth day prior to the contemplated offering,
provided, however, that a revoked Underwritten Registration Notice shall be
--------  -------
treated the same as an Underwritten Registration Notice that is not revoked for
purposes of Section 1.1(c) hereof.

               Upon receipt of an Underwritten Registration Notice, the Company
shall, as soon as practicable but in any event within ten (10) days of receipt
of the Underwritten Registration Notice, give written notice to any other
persons possessing similar registration rights (a "Company Notice") of the
Company's receipt of the Underwritten Registration Notice. Within twenty (20)
days of receipt of such a Company Notice, any other person possessing similar
registration rights who desires to offer and sell any of its registrable shares
in such an offering of the type described in the Underwritten Registration
Notice (each, a "Participating Investor") shall give written notice to each of
the Company, each Investor, and the lead managing underwriter, if any, that has
been selected, of such a desire, specifying the number of Registrable Shares
which such Participating Investor desires to offer and sell. Subject to the
provisions of Section 1.2 hereof, the Company shall not be permitted to
participate in the offering made pursuant to an Underwritten Registration Notice
without the written consent of each Investor (which consent shall not be
unreasonably withheld).

               (c)  Limitations on Registration Rights for Underwritten
                    ---------------------------------------------------
Offerings. Each exercise of a Registration Right pursuant to an Underwritten
---------
Registration Notice shall be with respect to an underwritten public offering of
Registrable Shares (including any Registrable Shares of a Participating
Investor), either (i) the minimum aggregate total gross proceeds of which to the
Investor and all other Participating Investors shall be equal to or greater than
ten Million Dollars ($10,000,000) or (ii) the number of shares of Common Stock
to be registered by the Investor and all other Participating Investors pursuant
to such Underwritten Registration Notice shall be equal to or greater than
500,000 shares. The Investors as a group shall not be permitted to deliver more
than one Underwritten Registration Notice in any six-month period; provided,
however, that any Underwritten Registration Notice relating to an underwritten
public offering which is suspended by the Company pursuant to Section 1.2 hereof
or by the SEC, or for which the registration statement fails to become
effective, shall not be counted as an Underwritten Registration Notice for
purposes of this sentence unless such underwritten public offering is concluded
following the termination of such suspension. All offers and sales by the
Investor under the Registration Statement referred to in this Section 1.1 shall
be completed within the Effective Period, and upon expiration of such period the
Investor will not offer or sell any Registrable Shares under the Registration
Statement and the Investor shall not be entitled to deliver an Underwritten
Registration Notice hereunder.

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               (d)  Limitations on Registration Rights for Other Offerings. If
                    ------------------------------------------------------
an Investor wishes to sell Registrable Shares other than pursuant to an
underwritten public offering, such Investor shall deliver to the designated
representative of the Company a written notice (a "Shelf Resale Notice") of such
Investor's good faith present intention to sell, transfer or otherwise dispose
of some or all of such Investor's Registrable Shares, and the number of
Registrable Shares such Holder proposes to sell, transfer or otherwise dispose
of. Upon receipt of each Shelf Resale Notice, the Company shall, as soon as
practicable but in no event more than six Eastern Time business hours after
receipt of such Shelf Resale Notice, either (i) provide a Materiality Notice
pursuant to Section 1.2 of this Agreement or (ii) give written notice (a
"Company Shelf Response") to the Investor who gave such Shelf Resale Notice that
the prospectus relating to the Registration Statement is current and that the
Registrable Shares covered by the Shelf Resale Notice may be resold within five
business days after receipt of such Company Shelf Response. If the Company does
not respond within such six business hours, it shall be deemed to have given a
Company Shelf Response. All notices pursuant to this section shall be provided
by facsimile or electronic mail delivery and confirmed by direct telephonic
communication with the designated person. Any Investor who receives a Company
Shelf Response pursuant to clause (ii) of the foregoing sentence shall then have
five business days after receipt of such Company Shelf Response in which to
sell, transfer or otherwise dispose of the shares subject to the Shelf Resale
Notice.

          1.2  Suspension of Offering. At any time during the Effective Period,
               ----------------------
the Company may determine that offers and sales by Investors under the
Registration Statement or otherwise shall be suspended if (i) a negotiation or
consummation of a transaction by the Company or its subsidiaries is pending or
an event has occurred, which negotiation, consummation or event would, in the
Company's reasonable judgment, based upon the advice of outside counsel, require
additional disclosure by the Company in the Registration Statement of material
information which the Company has a bona fide business purpose for keeping
confidential, and the nondisclosure of which in the Registration Statement would
reasonably be expected to cause the Registration Statement to fail to comply
with applicable disclosure requirements, or (ii) the offering of such
Registrable Shares would, in the Company's reasonable judgment, based upon the
advice of its underwriter, adversely affect a pending or proposed underwritten
public offering or Rule 144A offering of the Common Stock or other securities by
the Company. Immediately upon making such a determination, the Company shall
give written notice to each Investor (a "Materiality Notice"), upon receipt of
which each Investor agrees that it will immediately discontinue offers and sales
of the Registrable Shares under the Registration Statement or otherwise until
(x) in the case of a Materiality Notice delivered pursuant to clause (i) above,
such Investor receives copies of a supplemented or amended Prospectus that
corrects the misstatement(s) or omission(s) referred to above and receives
notice that any post-effective amendment has become effective or (y) in the case
of a Materiality Notice delivered pursuant to clause (ii) above, such Investor
receives a subsequent notice from the Company that revokes or otherwise
withdraws such Materiality Notice; provided, that the Company may delay, suspend
or withdraw the Registration Statement and such offers and sales pursuant to
clause (i) above, for no more than fifteen (15) days after the abandonment or
consummation of any of the foregoing

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negotiations, transactions or events or, in any event, for no more than ninety
(90) days after delivery of the Materiality Notice pursuant to clause (i) above,
at any one time (and the Company shall not be entitled to require the Investor
to discontinue offers and sales pursuant to clause (i) for a period of more than
90 days during any 12-month period or pursuant to clause (ii), including the
immediately succeeding proviso, for a period of more than 180 days during any
12-month period); and provided further, that in the case of clause (ii) each
                      ----------------
Investor will be bound by the same lockup agreement as is required for all
affiliates of the Company by the underwriter of such offering which shall not
extend for more than ninety (90) days after the closing of such offering. If so
directed by the Company, each Investor will deliver to the Company all copies of
the Prospectus covering the Registrable Shares current at the time of receipt of
a Materiality Notice.

               1.3  Piggyback Registration.
                    ----------------------

               (a)  If, at any time after the first anniversary of the Effective
Time and during the Effective Period, the Company proposes to offer any of its
shares of Common Stock for sale under the Securities Act in an underwritten
offering in which the Company will conduct a "road show" and the offering is
announced prior to pricing, whether or not for sale for the Company's own
account, pursuant to a registration statement and in a manner that would also
permit the sale of Registrable Shares under the Securities Act, the Company
shall give written or telephonic notice to the designated representative of the
Investor of the Company's intention to effect such offering a reasonable time,
but not less than one business day, in advance of the commencement of such road
show. If, within either (i) two business days after the giving of such notice by
the Company (in the event such notice is given three or more business days in
advance of the commencement of such road show) or (ii) six Eastern Time business
hours after the giving of such notice by the Company (in the event such notice
is given two or fewer business days in advance of the commencement of such road
show), an Investor shall deliver to the Company a written request specifying the
number of Registrable Shares such Investor desires to offer and sell, and the
intended disposition thereof, the Company shall use its commercially reasonable
best efforts to include in such offering all such Registrable Shares that the
Company has been requested to register, provided:
                                        --------

               (i)  if, at any time after giving written notice of its intention
     to register any securities and prior to the effectiveness of the
     registration statement filed in connection therewith, the Company shall
     determine for any reason not to register any such securities, the Company
     may, at its election, give written notice of such determination to such
     Investor, and thereupon the Company shall be relieved of its obligation to
     register any Registrable Shares in connection with such registration (but
     not from its obligations under Section 1.4 hereunder), without prejudice,
     however, to the Registration Rights of each Investor generally under this
     Section 1; and

               (ii) subject to the provisions of Section 1.6 hereof, such
Investor must sell its Registrable Shares to the underwriters selected by the
Company on the same terms and conditions as are applicable to the Company.

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               (b)  The Company shall not be obligated to effect any
registration of Registrable Shares under this Section 1.3 as a result of the
registration of any of its securities in connection with mergers, acquisitions,
exchange offers, dividend reinvestment plans or option or other employee benefit
plans.

               1.4  Expenses. The Company shall pay all expenses incident to the
                    --------
performance by it of its registration obligations under this Section 1,
including (i) all SEC registration and filing fees, (ii) all expenses incurred
in connection with the preparation, printing and distribution of the
Registration Statement and Prospectus and any other document or amendment
thereto and the mailing and delivery of copies thereof to the underwriter and
dealers, (iii) fees and disbursements of counsel for the Company and of counsel
for the Investors and of the independent public accountants and other experts of
the Company; (iv) the cost of printing or producing any agreement(s) among
underwriters, underwriting agreement(s) and blue sky or legal investment
memoranda, any selling agreements and any other documents in connection with the
offering, sale or delivery of Registrable Shares to be disposed of; (v) all
expenses in connection with the qualification of Registrable Shares to be
disposed of for offering and sale under state securities laws, including the
fees and disbursements of counsel for the underwriters in connection with such
qualification and in connection with any blue sky and legal investment surveys
(but not for any other fees or disbursements of counsel for the underwriters);
(vi) the filing fees incident to securing any required review by the National
Association of Securities Dealers, Inc. of the terms of the sale of Registrable
Shares to be disposed of; and (vii) all fees and expenses incurred in connection
with the listing of Registrable Shares on each securities exchange or quotation
system on which the Common Stock is then listed. The Investors shall be
responsible for the payment of any brokerage and sales commissions and any
transfer taxes relating to the sale or disposition of the Registrable Shares.

               1.5  Selection of Underwriters. If Registrable Shares are being
                    -------------------------
offered and sold pursuant to an Underwritten Registration Notice, the Investors
shall have the right to select the lead managing underwriter of the offering,
which shall be an investment banking firm of nationally recognized standing
reasonably satisfactory to the Company.

               1.6  Registration Procedures.
                    -----------------------

               (a)  If and whenever the Company is required to effect the
registration under the Securities Act of Registrable Shares as provided in this
Agreement, the Company will, as expeditiously as possible:

                  (i) use its best efforts to register or qualify the
     Registrable Shares by the time the applicable Registration Statement is
     declared effective by the SEC under all applicable state securities or
     "blue sky" laws of such jurisdictions as the Investors shall reasonably
     request in writing, to keep each such registration or qualification
     effective during the Effective Period, and to do any and all other acts and
     things which may be reasonably necessary or advisable to enable the
     Investor to consummate the disposition in each such jurisdiction of the
     Registrable Shares

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     owned by such Investor; provided, however, that the Company shall not be
                             --------  -------
     required to (x) qualify generally to do business in any jurisdiction or to
     register as a broker or dealer in any jurisdiction where it would not
     otherwise be required to qualify but for this Section 1.6, (y) subject
     itself to taxation in any such jurisdiction, or (z) submit to the general
     service of process in any such jurisdiction;

               (ii)  prepare and file with the SEC such amendments and
         supplements to the Registration Statement and the Prospectus as may be
         necessary to keep the Registration Statement effective and to comply
         with the provisions of the Securities Act with respect to the
         disposition of all Registrable Shares until such time as all
         Registrable Shares have been disposed of in accordance with the
         intended methods of disposition by the Investor set forth in the
         Registration Statement;

               (iii) furnish to each Investor and to any underwriter of such
         Registrable Shares such number of conformed copies of the Registration
         Statement and of each such amendment and supplement thereto (in each
         case including all exhibits), such number of copies of the Prospectus
         included in the Registration Statement (including each preliminary
         prospectus), in conformity with the requirements of the Securities Act,
         such documents incorporated by reference in the Registration Statement
         or Prospectus, and such other documents as each Investor or such
         underwriter may reasonably request;

               (iv)  cause the Registrable Shares to be listed on each national
         securities exchange or quotation system on which the Shares are then
         listed, if the listing of such securities is then permitted under the
         rules of such exchange;

               (v)   enter into such customary agreements (including, in the
         case of an underwritten public offering, an underwriting agreement),
         and each Investor, on whose behalf Registrable Shares are to be
         distributed by such underwriters, shall also be party to any such
         underwriting agreement;

               (vi)  obtain a "cold comfort" letter or letters from the
         Company's independent public accountants and furnish a signed
         counterpart of a customary opinion of counsel of the Company, in each
         case, addressed to each Investor (and the underwriters, if any), in
         customary form and substance, dated the effective date of the
         Registration Statement (and, if such registration includes an
         underwritten public offering, dated the date of the closing under the
         underwriting agreement);

               (vii) notify each Investor promptly upon the happening of any
         event as a result of which a Prospectus included in a Registration
         Statement, as then in effect, includes an untrue statement of a
         material fact or omits to state any material fact necessary to make the
         statements therein, in the light of the circumstances under which they
         were made, not misleading, and, subject to the provisions of Section
         1.2 hereof, at the request of an Investor prepare and furnish

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         to such Investor as many copies of a supplement to or an amendment of
         such Prospectus as such Investor reasonably requests so that, as
         thereafter delivered to the purchasers of such Registrable Shares, such
         Prospectus shall not include an untrue statement of a material fact or
         omit to state a material fact necessary to make the statements therein,
         in light of the circumstances under which they were made, not
         misleading; and

               (viii) make available for reasonable inspection by, or give
         reasonable access to, each Investor, by any underwriter participating
         in any disposition to be effected pursuant to the Registration
         Statement and by any attorney, accountant or other agent retained by
         such Investor, all pertinent financial and other records, pertinent
         corporate documents and properties of the Company, and cause the
         Company's officers, directors and employees to supply all information
         reasonably requested by any Investor, any underwriter or any other
         person in connection with the offering thereunder.

               (b)    Subject to Section 1.5, in connection with any
underwritten public offering of Registrable Shares, management of the Company
shall participate in customary road show meetings reasonably requested (and
reasonable in scope in light of the size of the offering) upon reasonable prior
notice by the lead managing underwriter of such offering.

               (c)    The Company may require each Investor, upon selling
Registrable Shares as to which any registration is being effected, to furnish
the Company with such information regarding such Investor and the distribution
of such securities as required to be included in the Registration Statement as
the Company may from time to time reasonably request in writing.

               (d)    If a registration pursuant to this Section 1 involves an
underwritten public offering and the lead managing underwriter of such offering
advises the Company (or each Investor, if applicable) that, in its judgment, the
number of shares of Common Stock proposed to be included in such underwritten
public offering by the Company (or each Investor, if applicable) should be
limited due to market conditions, then the Company will promptly so advise each
Participating Investor; and the Company, each Investor and the Participating
Investors will include in such offering the number of shares which, in the
opinion of the lead managing underwriter can be sold (the "Maximum Offering
Amount"). The Maximum Offering Amount shall be allocated (i) in an offering
initiated by the Company as described in Section 1.3 hereof, first, to the full
                                                             -----
extent of shares of Common Stock the Company desires to sell, and second, if any
                                                                  ------
shares of Common Stock remain under the Maximum Offering Amount, to the Investor
and to any other persons possessing piggyback registration rights similar to the
piggyback rights accorded the Investor pursuant to Section 1.3, pro rata in
accordance with each request for inclusion made by the Investor and each such
other person, or (ii) in an offering initiated by an Investor as described in
Section 1.1(b) hereof, first, to such Investor (and if there is more than one
                       -----
Investor exercising its rights under Section 1.1(b), to each such Investor pro
rata in accordance with its request for inclusion), to the full extent of shares
of Common Stock such Investor desires to sell, and second, if any shares of
                                                   ------
Common

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Stock remain under the Maximum Offering Amount, to each Participating Investor,
pro rata in accordance with each request for inclusion made by each such
Participating Investor. If the underwriting agreement executed in connection
with such offering provides for an overallotment option to be granted to the
underwriters, and if such option is exercised by the underwriters, the
allocation priority established by clause (i) or clause (ii) above, whichever is
applicable, shall govern the allocation with respect to the sale of any shares
of Common Stock and Registrable Shares pursuant to such exercise by the
underwriters.

               (e)  If an Investor exercises its Registration Rights to offer
and sell Registrable Shares in an underwritten public offering initiated by any
other person or persons possessing registration rights similar to those conveyed
upon such Investor by this Agreement (each such other person initiating such an
underwritten public offering, an "Other Initiating Person"), such Investor
agrees that the allocation priority for such offering shall be comparable to the
allocation priority established by clause (ii) of Section 1.6(d), except that
such Investor shall participate in such offering with the lowest level of
priority described in clause (ii) of Section 1.6(d), pro rata in accordance with
each request for inclusion made by each such Investor.

Section 2.     Indemnification
               ---------------

               2.1  Indemnification by the Company. The Company agrees to
                    ------------------------------
indemnify and hold harmless each Investor in any offering or sale of Registrable
Shares, each person (if any) who participates as an underwriter in any offering
and sale of Registrable Shares, and each person, if any, who controls such
Investor or such underwriter within the meaning of Section 15 of the Securities
Act or Section 20 of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), and their respective directors, trustees, officers, partners,
agents, employees and affiliates as follows:

               (a)  against any and all loss, liability, claim, damage and
     expense (joint or several) and action or proceeding (whether commenced or
     threatened) whatsoever ("Losses"), as incurred, arising out of or based
     upon any untrue statement or alleged untrue statement of a material fact
     contained in any registration statement (or any amendment thereto) pursuant
     to which the Registrable Shares were registered under the Securities Act,
     including all documents incorporated therein by reference, or the omission
     or alleged omission therefrom of a material fact required to be stated
     therein or necessary to make the statements therein not misleading or
     arising out of or based upon any untrue statement or alleged untrue
     statement of a material fact contained in any prospectus (or any amendment
     or supplement thereto), including all documents incorporated therein by
     reference, or the omission or alleged omission therefrom of a material fact
     necessary in order to make the statements therein, in the light of the
     circumstances under which they were made, not misleading;

               (b)  against any and all loss, liability, claim, damage, cost or
     expense (including reasonable legal fees and expenses) (collectively,
     "Losses"), as incurred, to the extent of the aggregate amount paid in
     settlement of any litigation,

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     or investigation or proceeding by any governmental agency or body,
     commenced or threatened, or of any claim whatsoever based upon any such
     untrue statement or omission, or any such alleged untrue statement or
     omission, if such settlement is effected with the written consent of the
     Company (which consent will not be unreasonably withheld); and

               (c)  against any and all expense whatsoever, as incurred
     (including reasonable fees and disbursements of counsel), reasonably
     incurred in investigating, preparing or defending against any Losses or any
     litigation, or investigation or proceeding by any governmental agency or
     body, commenced or threatened, in each case whether or not a party, or any
     claim whatsoever based upon any such untrue statement or omission, or any
     such alleged untrue statement or omission, to the extent that any such
     expense is not paid under subparagraph (a) or (b) above;

provided, however, that the indemnity provided pursuant to this Section 2.1 does
--------  -------
not apply to any indemnified party with respect to any Losses or expenses to the
extent arising out of (i) any untrue statement or omission or alleged untrue
statement or omission made in reliance upon and in conformity with written
information furnished to the Company by such indemnified party expressly for use
in the Registration Statement (or any amendment thereto) or the Prospectus (or
any amendment or supplement thereto), or (ii) such indemnified party's failure
to deliver an amended or supplemental Prospectus if such Losses would not have
arisen had such delivery occurred.

               2.2  Indemnification by each Investor. Each Investor (and each
                    --------------------------------
permitted assignee of such Investor) agrees to indemnify and hold harmless the
Company, each person (if any) who participates as an underwriter in any offering
and sale of Registrable Shares and each person, if any, who controls the Company
or such underwriter within the meaning of Section 15 of the Securities Act or
Section 20 of the Exchange Act, and their respective directors, trustees,
officers, partners, agents, employees and affiliates, as follows:

               (a)  against any and all Losses whatsoever, as incurred, arising
     out of or based upon any untrue statement or alleged untrue statement of a
     material fact contained in any registration statement (or any amendment
     thereto) pursuant to which the Registrable Shares were registered under the
     Securities Act, including all documents incorporated therein by reference,
     or the omission or alleged omission therefrom of a material fact required
     to be stated therein or necessary to make the statements therein not
     misleading or arising out of or based upon any untrue statement or alleged
     untrue statement of a material fact contained in any prospectus, including
     all documents incorporated therein by reference, or the omission or alleged
     omission therefrom of a material fact necessary in order to make the
     statements therein, in the light of the circumstances under which they were
     made, not misleading;

               (b)  against any and all Losses whatsoever, as incurred, to the
     extent of the aggregate amount paid in settlement of any litigation, or
     investigation or

                                       10
<PAGE>

     proceeding by any governmental agency or body, commenced or threatened, or
     of any claim whatsoever based upon any such untrue statement or omission,
     or any such alleged untrue statement or omission, if such settlement is
     effected with the written consent of the Investor (which consent will not
     be unreasonably withheld); and

               (c)  against any and all expense whatsoever, as incurred
     (including reasonable fees and disbursements of counsel), reasonably
     incurred in investigating, preparing or defending against any Losses or any
     litigation, or investigation or proceeding by any governmental agency or
     body, commenced or threatened, in each case whether or not a party, or any
     claim whatsoever based upon any such untrue statement or omission, or any
     such alleged untrue statement or omission, to the extent that any such
     expense is not paid under subparagraph (a) or (b) above;

provided, however, that the indemnity provided pursuant to this Section 2.2
--------  -------
shall only apply with respect to any Losses to the extent arising out of (i) any
untrue statement or omission or alleged untrue statement or omission made in
reliance upon and in conformity with written information furnished to the
Company by such Investor expressly for use in the registration statement (or any
amendment thereto) or the Prospectus (or any amendment or supplement thereto),
or (ii) such Investor's failure to deliver an amended or supplemental Prospectus
if such Losses would not have arisen had such delivery occurred. Notwithstanding
the provisions of this Section 2.2, none of any Investor nor any permitted
assignee shall be required to indemnify the Company, its indemnified persons
hereunder with respect to any amount in excess of the amount of the total
proceeds to such Investor or such permitted assignee, as the case may be, from
sales of the Registrable Shares of such Investor under the registration
statement with respect to such offering, and such Investor shall not be liable
under this Section 2.2 for any statements or omissions of any Participating
Investor.

               2.3  Conduct of Indemnification Proceedings. The indemnified
                    --------------------------------------
party shall give reasonably prompt notice to the indemnifying party of any
action or proceeding commenced against it in respect of which indemnity may be
sought hereunder, but failure to so notify the indemnifying party shall not
relieve it from any liability which it may have under the indemnity agreement
provided in Section 2.1 or 2.2 above, unless and to the extent it did not
otherwise learn of such action and the lack of notice by the indemnified party
results in the forfeiture by the indemnifying party of substantial rights and
defenses. If the indemnifying party so elects within a reasonable time after
receipt of such notice, the indemnifying party may assume the defense of such
action or proceeding at such indemnifying party's own expense with counsel
chosen by the indemnifying party and approved by the indemnified party, which
approval shall not be unreasonably withheld; provided, however, that the
                                             --------  -------
indemnifying party will not settle any such action or proceeding without the
written consent of the indemnified party unless, as a condition to such
settlement, the indemnifying party secures the unconditional release of the
indemnified party; and provided further that if the indemnified party reasonably
                       -------- -------
determines that a conflict of interest exists where it is advisable for the
indemnified party to be represented by separate counsel or that, upon advice of
counsel, there may be legal

                                       11
<PAGE>

defenses available to it which are different from or in addition to those
available to the indemnifying party, then the indemnifying party shall not be
entitled to assume such defense and the indemnified party shall be entitled to
separate counsel at the indemnifying party's expense. If the indemnifying party
is not entitled to assume the defense of such action or proceeding as a result
of the proviso to the preceding sentence, the indemnifying party's counsel shall
be entitled to conduct the indemnifying party's defense and counsel for the
indemnified party shall be entitled to conduct the defense of the indemnified
party, it being understood that both such counsel will cooperate with each other
to conduct the defense of such action or proceeding as efficiently as possible.
If the indemnifying party is not so entitled to assume the defense of such
action or does not assume such defense, after having received the notice
referred to in the first sentence of this paragraph, the indemnifying party will
pay the reasonable fees and expenses of counsel for the indemnified party. In
such event, however, the indemnifying party will not be liable for any
settlement effected without the written consent of the indemnifying party (which
consent will not be unreasonably withheld). Except as expressly stated herein,
if an indemnifying party is entitled to assume, and assumes, the defense of such
action or proceeding in accordance with this paragraph, the indemnifying party
shall not be liable for any fees and expenses of counsel for the indemnified
party incurred thereafter in connection with such action or proceeding.

               2.4  Contribution. In order to provide for just and equitable
                    ------------
contribution in circumstances in which the indemnity agreement provided for in
this Section 2 is unavailable to an indemnified party, the indemnifying party
shall contribute to the aggregate Losses of the nature contemplated by such
indemnity agreement incurred by any indemnified party, (i) in such proportion as
is appropriate to reflect the relative fault of the indemnifying party on the
one hand and the indemnified parties on the other, in connection with the
statements or omissions which resulted in such losses, claims, damages,
liabilities or expenses, or (ii) if the allocation provided by clause (i) above
is not permitted by applicable law, in such proportion as is appropriate to
reflect not only the relative fault of but also the relative benefits to the
Company on the one hand and each Investor on the other, in connection with the
statements or omissions which resulted in such Losses, as well as any other
relevant equitable considerations. The relative benefits to the indemnifying
party and the indemnified party shall be determined by reference to, among other
things, the total proceeds received by the indemnifying party and the
indemnified party in connection with the offering to which such Losses relate.
The relative fault of the indemnifying party and indemnified party shall be
determined by reference to, among other things, whether the action in question,
including any untrue or alleged untrue statement of a material fact or omission
or alleged omission to state a material fact, has been made by, or relates to
information supplied by, the indemnifying party or the indemnified party, and
the parties' relative intent, knowledge, access to information and opportunity
to correct or prevent such action.

               The parties hereto agree that it would not be just or equitable
if contribution pursuant to this Section 2.4 were determined by pro rata
allocation or by any other method of allocation which does not take account of
the equitable considerations referred to in the immediately preceding paragraph.
Notwithstanding the provisions of this Section 2.4, each Investor shall not be
required to contribute any amount in excess of

                                       12
<PAGE>

the amount of the total net proceeds to such Investor from sales of the
Registrable Shares of the Investor under the registration statement.

               Notwithstanding the foregoing, no person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act)
shall be entitled to contribution from any person who was not guilty of such
fraudulent misrepresentation. For purposes of this Section 2.4, each person, if
any, who controls an indemnified party within the meaning of Section 15 of the
Securities Act shall have the same rights to contribution as such indemnified
party, and each director of the Company, each officer of the Company who signed
a Registration Statement and each person, if any, who controls the Company
within the meaning of Section 15 of the Securities Act shall have the same
rights to contribution as the Company.

               The indemnity agreements contained in this Section 2 shall be in
addition to any other rights (to indemnification, contribution or otherwise)
which any indemnified party may have pursuant to law or contract and shall
remain operative and in full force and effect regardless of any investigation
made or omitted by or on behalf of any indemnified party and shall survive the
transfer of any Registrable Shares by an Investor.

Section 3.     Rule 144 Compliance
               -------------------

               The Company covenants that it will use its best efforts to timely
file the reports required to be filed by the Company under the Securities Act
and the Securities Exchange Act of 1934, as amended, so as to enable each
Investor to sell Registrable Shares pursuant to Rule 144 under the Securities
Act. In connection with any sale, transfer or other disposition by an Investor
of any Registrable Shares pursuant to Rule 144 under the Securities Act, the
Company shall cooperate with such Investor to facilitate the timely preparation
and delivery of certificates representing Registrable Shares to be sold and not
bearing any Securities Act legend, and enable certificates for such Registrable
Shares to be for such number of shares and registered in such names as such
Investor may reasonably request at least ten (10) business days prior to any
sale of Registrable Shares hereunder.

Section 4.     Miscellaneous
               -------------

               4.1  Integration; Amendment. This Agreement, together with the
                    ----------------------
Merger Agreement and the Stockholder Agreement, constitutes the entire agreement
among the parties hereto with respect to the matters set forth herein and
supersedes and renders of no force and effect all prior oral or written
agreements, commitments and understandings among the parties with respect to the
matters set forth herein. Except as otherwise expressly provided in this
Agreement, no amendment, modification or discharge of this Agreement shall be
valid or binding unless set forth in writing and duly executed by the Company
and each Investor.

               4.2  Waivers. No waiver by a party hereto shall be effective
                    -------
unless made in a written instrument duly executed by the party against whom such
waiver is sought to be enforced, and only to the extent set forth in such
instrument. Neither the

                                       13
<PAGE>

waiver by any of the parties hereto of a breach or a default under any of the
provisions of this Agreement, nor the failure of any of the parties, on one or
more occasions, to enforce any of the provisions of this Agreement or to
exercise any right or privilege hereunder shall thereafter be construed as a
waiver of any subsequent breach or default of a similar nature, or as a waiver
of any such provisions, rights or privileges hereunder.

               4.3  Successors and Assigns; Third Party Beneficiaries. No
                    -------------------------------------------------
Investor may assign any of its rights or delegate its duties under this
Agreement except to another Investor. The Company may not assign any of its
rights or delegate any of its duties under this Agreement without the prior
written consent of the designated representative of the Investors, provided that
                                                                   --------
in the event of any merger or consolidation of the Company with any Person (as
defined in the Stockholder Agreement) in which the holders of Common Stock
receive securities of any other Person (the "Successor Issuer") the Company
                                             ----------------
shall assign all of its rights and delegate all of its obligations under this
Agreement to such Successor Issuer in which event the Successor Issuer will
become the "Company" for all purposes of this Agreement. Any purported
assignment in violation of this Section shall be void. Nothing expressed or
mentioned in this Agreement is intended or shall be construed to give any Person
other than the Investors (who shall be third party beneficiaries of this
Agreement entitled to the benefit of, and to enforce, its terms) and the Company
and their respective successors, any legal or equitable right, remedy or claim
under or in respect of this Agreement or any provision herein contained. This
Agreement and all conditions and provisions hereof are intended to be for the
sole and exclusive benefit of the Investors and the Company and their respective
successors, and for the benefit of no other Person. No purchaser of Common Stock
from an Investor (other than another Investor) shall be deemed to be a successor
or assignee by reason merely of such purchase.

               4.4  Benefits of Registration Rights. The Investors may severally
                    -------------------------------
or jointly exercise the Registration Rights hereunder in such proportion as they
shall agree among themselves.

               4.5  Notices. Except as otherwise provided in this Agreement,
                    -------
notices and other communications required by this Agreement shall be in writing
and delivered by hand against receipt or sent by recognized overnight delivery
service or by certified or registered mail, postage prepaid, with return receipt
requested or by confirmed facsimile or confirmed electronic mail transmission.
All notices shall be addressed to the designated representatives of each party
as follows:

               If to the Company, to:

                    Exodus Communications, Inc.
                    2831 Mission College Blvd.
                    Attention: General Counsel
                    Facsimile No.: (408) 346-2201

                    with a copy to:

                                       14
<PAGE>

                    Fenwick & West LLP
                    Two Palo Alto Square
                    Palo Alto, CA 94306
                    Attention: David W. Healy
                    Facsimile No.: (650) 496-1417

               If to the Investor, to:

                    Global Crossing Ltd.
                    360 N. Crescent Drive
                    Beverly Hills, CA 90210
                    Attention: General Counsel
                    Facsimile No.: (310) 385-3700

                    with a copy to:

                    Simpson Thacher & Bartlett
                    3373 Hillview Avenue
                    Suite 250
                    Palo Alto, CA 94304
                    Attention: Richard Capelouto
                    Facsimile No.: (650) 251-5002

or such other address as may be designated by a proper notice. Any notice
delivered to the party hereto to whom it is addressed shall be deemed to have
been given and received on the day it was received; provided, however, that if
                                                    --------  -------
such day is not a business day then the notice shall be deemed to have been
given and received on the business day next following such day. Any notice sent
by facsimile transmission shall be deemed to have been given and received on the
business day next following the transmission.

               4.6  Specific Performance. The parties hereto acknowledge that
                    --------------------
the obligations undertaken by them hereunder are unique and that there would be
no adequate remedy at law if any party fails to perform any of its obligations
hereunder, and accordingly agree that each party, in addition to any other
remedy to which it may be entitled at law or in equity, shall be entitled to (i)
compel specific performance of the obligations, covenants and agreements of any
other party under this Agreement in accordance with the terms and conditions of
this Agreement and (ii) obtain preliminary injunctive relief to secure specific
performance and to prevent a breach or contemplated breach of this Agreement in
any court of the United States or any State thereof having jurisdiction.

               4.7  Governing Law.  This Agreement, the rights and obligations
                    -------------
of the parties hereto, and any claims or disputes relating thereto, shall be
governed by and construed in accordance with the laws of the State of Delaware .

               4.8  Headings. Section and subsection headings contained in this
                    --------
Agreement are inserted for convenience of reference only, shall not be deemed to
be a

                                       15
<PAGE>

part of this Agreement for any purpose, and shall not in any way define or
affect the meaning, construction or scope of any of the provisions hereof.

               4.9   Pronouns. All pronouns and any variations thereof shall be
                     --------
deemed to refer to the masculine, feminine, neuter, singular or plural, as the
identity of the person or entity may require.

               4.10  Execution in Counterparts. To facilitate execution, this
                     -------------------------
Agreement may be executed in as many counterparts as may be required. It shall
not be necessary that the signature of or on behalf of each party appears on
each counterpart, but it shall be sufficient that the signature of or on behalf
of each party appears on one or more of the counterparts. All counterparts shall
collectively constitute a single agreement. It shall not be necessary in any
proof of this Agreement to produce or account for more than a number of
counterparts containing the respective signatures of or on behalf of all of the
parties.

               4.11  Severability. If fulfillment of any provision of this
                     ------------
Agreement, at the time such fulfillment shall be due, shall transcend the limit
of validity prescribed by law, then the obligation to be fulfilled shall be
reduced to the limit of such validity; and if any clause or provision contained
in this Agreement operates or would operate to invalidate this Agreement, in
whole or in part, then such clause or provision only shall be held ineffective,
as though not herein contained, and the remainder of this Agreement shall remain
operative and in full force and effect.

               4.12  Effectiveness of Agreement; Termination. This Agreement
                     ---------------------------------------
shall not become effective until the Effective Time, at which time this
Agreement shall take full force and effect, and shall terminate on the tenth
anniversary of the Effective Time. If the Effective Time does not occur prior to
the termination of the Merger Agreement in accordance with its terms, then this
Agreement shall terminate and shall be of no force or effect.

                                       16
<PAGE>

               IN WITNESS WHEREOF, each of the parties hereto has caused this
Agreement to be duly executed on its behalf as of the date first hereinabove set
forth.

                                                  EXODUS COMMUNICATIONS, INC.

                                                     /s/ Ellen M. Hancock
                                                  By:___________________________
                                                     Ellen M. Hancock
                                                     Chief Executive Officer
                                                     and Chairman

                                                  GLOBAL CROSSING GLOBALCENTER
                                                  HOLDINGS INC.

                                                     /s/ Leo J. Hindery, Jr.
                                                  By:___________________________
                                                     Leo J. Hindery, Jr.
                                                     Chief Executive Officer

                                                  GLOBAL CROSSING LTD.

                                                     /s/ Leo J. Hindery, Jr.
                                                  By:___________________________
                                                     Leo J. Hindery, Jr.
                                                     Chief Executive Officer

                                       17AMENDED AND RESTATED
                              --------------------
                         AGREEMENT AND PLAN OF EXCHANGE
                         ------------------------------

         This Amended and Restated Agreement and Plan of Exchange ("Agreement")
is entered into, as of the "Effective Date" defined below, by and among Internet
Venture Group, Inc., a Florida Corporation ("iVG"), Swan Magnetics, Inc., a
California corporation ("Swan") and the shareholders of Swan who execute this
Agreement subject to acceptance by iVG (collectively the "Participating
Shareholders").

                                    RECITALS
                                    --------

         WHEREAS, iVG and Swan executed an Agreement and Plan of Exchange, dated
June 28, 2000 (the "Original Agreement") regarding a share exchange transaction;

         WHEREAS, Section 8 of the Original Agreement contemplated the execution
of final documentation including an acquisition agreement; and

         WHEREAS, iVG and Swan wish to enter into this Agreement to supplement,
modify and amend the terms and conditions set forth in the Original Agreement,
to add the Participating Shareholders as parties to the share exchange
transaction and to finalize the documentation of such transaction;

         NOW THEREFORE, in consideration of the premises and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
expressly acknowledged, the parties agree as follows:

1.       DEFINITIONS.

         (a) "Accredited Investor" shall have the meaning set forth in
Regulation D.

         (b) "Affiliate" shall mean any officer, director, shareholder,
subsidiary, parent, brother entity or sister entity of iVG.

         (c) "Capital Stock" shall refer to the total issued and outstanding
capital stock of either iVG or Swan and shall be calculated on a fully diluted
basis that shall include all issued and outstanding options or warrants to
purchase the capital stock of the parties.

         (d) "Common Stock" shall refer to the common stock of Swan or iVG.

         (e) "Closing Date" shall have the meaning set forth in Section 7.

         (f) "Effective Date" shall mean the date of the Original Agreement.

         (g) "Exchange Ratio" shall mean the ratio determined by dividing twenty
million (20,000,000) by the total number of shares of Swan Common Stock held by
all of the Participating Shareholders following the conversion of the Preferred
Stock in accordance with Section 3(a) and immediately prior to the Exchange set
forth in Section 3(b).

<PAGE>

         (h) "Preferred Stock" shall mean the Preferred Stock of Swan.

         (i) "Regulation D" shall mean Regulation D as promulgated under the
Securities Act of 1933.

         (j) "Trading Price" shall mean the closing bid price for iVG common
stock on the NASDAQ OTC BB exchange or any other automated quotation system or
national exchange (or if more than one is applicable, the system or exchange
with the greatest volume) on July 27, 2000.

2.       AMENDMENT.

         Swan and iVG agree that the Original Agreement shall be amended and
restated in its entirety by this Agreement. This Agreement supersedes the
Original Agreement. Any terms or conditions set forth in the Original Agreement
which contravene, contradict, add to or differ from the terms and conditions set
forth herein shall have no legal effect and shall not be binding upon Swan or
iVG.

3.       PLAN OF EXCHANGE.

         The share exchange (the "Exchange") shall take place as follows:

         (a) First, the Participating Shareholders who own Preferred Stock shall
automatically convert their respective shares to shares of Swan Common Stock in
accordance with the certificates of determination of preferences and other terms
and conditions that are applicable to their series of Preferred Stock. All such
shareholders by executing this Agreement shall be deemed to have made an
election to immediately and automatically convert their Preferred Stock as of
the Closing Date.

         (b) Second, each Participating Shareholder shall receive his or her pro
rata portion of the Exchange Shares (as defined below) in exchange for his or
her Swan Common Stock; subject to the conditions set forth herein. The Exchange
will occur on the Closing Date.

4.       EXCHANGE SHARES.

         The number of shares of iVG Common Stock to be delivered to the
Participating Shareholders in exchange for their shares of Swan Common Stock
(the "Exchange Shares") shall be determined as follows.

         (a) NUMBER OF SHARES. The number of Exchange Shares (of iVG Common) to
be received by a Participating Shareholder shall be equal to (i) the total
number of shares of Swan Common Stock held by such Participating Shareholder on
the Closing Date including any Swan Common Stock which is received as a result
of the conversion of Preferred Stock held by the Participating Shareholder as of
the Closing Date pursuant to Section 3(a); multiplied by (ii) the Exchange
Ratio.

<PAGE>

         (b) FRACTIONAL SHARES. iVG shall not issue any fractional shares to the
Participating Shareholders. In lieu of any fractional shares determined under
(a) above, iVG shall at its election either (i) round the Exchange Shares up to
the next whole number or (ii) pay an amount of cash equal to any fractional
share multiplied by the iVG Trading Price.

          (c) CLASS OF IVG STOCK TO BE EXCHANGED. Payment of iVG shares as set
forth in this section shall consist of shares of Common Stock of iVG that bear a
restriction legend under rule 144 of Securities Act of 1933 preventing the sale
of the underlying securities for a period of twelve (12) months from the date of
issue.

         (d) STOCK LEGENDS. Each Exchange Share will be imprinted with a legend
substantially in the following form:

         THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
         UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") OR
         QUALIFIED UNDER ANY APPLICABLE STATE SECURITIES LAWS (THE "STATE
         ACTS"), HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE SOLD, PLEDGED,
         HYPOTHECATED OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO A REGISTRATION
         STATEMENT UNDER THE SECURITIES ACT AND QUALIFICATION UNDER THE STATE
         ACTS OR EXEMPTIONS FROM SUCH REGISTRATION OR QUALIFICATION REQUIREMENTS
         (INCLUDING, IN THE CASE OF THE SECURITIES ACT, THE EXEMPTION AFFORDED
         BY RULE 144). UNLESS WAIVED BY THE ISSUER, THE ISSUER SHALL BE
         FURNISHED WITH AN OPINION OF COUNSEL OPINING AS TO THE AVAILABILITY OF
         EXEMPTIONS FROM SUCH REGISTRATION AND QUALIFICATION AS A PRECONDITION
         TO ANY SUCH TRANSFER.

         (e) TRANSFER. Each Participating Shareholder who wishes to transfer the
Exchange Shares must furnish iVG with (i) a written opinion reasonably
satisfactory to iVG in form and substance from counsel reasonably satisfactory
to iVG by reason of experience to the effect that the holder may transfer such
shares as desired without registration under the Securities Act and (ii) a
written undertaking executed by the desired transferee reasonably satisfactory
to iVG in form and substance agreeing to be bound by the restrictions on
transfer contained herein.

5.       REPRESENTATIONS AND WARRANTIES OF PARTICIPATING SHAREHOLDERS

         Each of the Participating Shareholders represent and warrant to iVG
that the statements contained in this section 5 are correct and complete as of
the Effective Date and will be correct and complete as of the Closing Date with
respect to himself, herself or itself.

         (a) The Participating Shareholder has full right, power and authority
to execute and deliver this Agreement and to perform the obligations thereunder.

<PAGE>

         (b) The Participating Shareholder holds the Swan common stock and
Preferred Stock which shall be converted to Swan common stock free and clear of
all liens, encumbrances, charges, security interests, claims, pledges or
contractual restrictions except for any that are waived by Swan pursuant to
Section 6.

6.       WAIVER BY SWAN.

         Swan hereby waives its rights to purchase or repurchase its shares, its
rights of first refusal or first offer with respect to the transfer of its
shares, and any rights to notice or consent relating to the foregoing with
respect to (i) the Swan Preferred Stock held by the Participating Shareholders
which is converted pursuant to Section 3(a); and (ii) the Swan common stock held
by the Participating Shareholders which is transferred to iVG pursuant to this
Agreement. This waiver is made to facilitate the Exchange and it is conditioned
on the closing of this Exchange. This waiver shall be construed in the narrowest
sense to effectuate the purposes of the Exchange and Swan shall continue to hold
and maintain all rights not specifically waived.

7.       CLOSING.

         (a) The Closing Date. This Exchange transaction shall close on
September 29, 2000 or at such other time that is mutually agreeable to iVG and
Swan (the "Closing Date"); provided that iVG and Swan are satisfied that the
conditions to closing set forth in Section 8 have been satisfied or have been
waived in writing. However, in no event shall the Closing Date occur later than
December 31, 2000.

         (b) Determination of Participating Shareholders. On or before the
Closing Date, each of the Swan shareholders who elect to participate in this
Exchange Transaction shall be approved or rejected by iVG. iVG intends to accept
each Swan shareholder who has executed this Agreement and the related agreements
and documents which are presented by iVG or Swan to the Swan Shareholder for
execution (the "Transaction Documents"), delivered the Transaction Agreements to
iVG, and who, to the satisfaction of ivG, qualifies as an Accredited Investor.
It is also the intent of iVG to reject any Swan Shareholder who has not
satisfied these requirements. Notwithstanding the foregoing, if the only reason
for rejection of the Swan shareholder by iVG is based solely on such
shareholder's failure to qualify as an Accredited Investor, iVG may accept such
shareholder if he or she meets certain sophistication standards set forth in
Regulation D (a "Sophisticated Investor") and such acceptance would, in iVG's
discretion, be in compliance with the requirements of Regulation D. Subject to
its sole discretion, iVG reserves the right to (i) determine whether to accept
or reject any Sophisticated Investor who fails to qualify as an Accredited
Investor; (ii) determine the maximum number of non-accredited Sophisticated
Investors who may be accepted (which in no event shall exceed thirty-five (35),
the maximum number allowed under Regulation D) and (iii) determine any standards
or criteria which it deems appropriate for use in such determinations.

         (c) LIST OF PARTICIPATING SHAREHOLDERS. On the Closing Date, a list of
the Participating Shareholders shall be prepared by IVG and shall be delivered
to Swan.

         (d) EFFECT OF CLOSING. The Exchange shall be effective as of the
Closing Date and shares of Common Stock of iVG shall be issued to the
Participating Shareholders in accordance with this Agreement.
<PAGE>

         (e) EFFORT TO CLOSE TRANSACTION. Each of the parties will use its best
efforts to take all actions and to do all things necessary, proper, or advisable
in order to consummate and make effective the transactions contemplated by this
Agreement.

         (f) FURTHER ASSURANCES. In case at any time after the Closing any
further action is necessary to carry out the purposes of this Agreement, each of
the parties will take such further action (including the execution and delivery
of such further instruments and documents) as any other party reasonably may
request, all at the sole cost and expense of the requesting party.

8.       CONDITIONS TO CLOSING.

         The parties agree that the following conditions must be satisfied prior
to the closing of the Exchange transaction:

         (a) The Participating Shareholders shall offer or agree to exchange
Shares representing eighty percent (80%) or more of the Capital Stock of Swan on
an as converted fully diluted basis to iVG in the Exchange.

         (b) iVG and Swan shall have had the opportunity to perform all due
diligence activities that their respective officers deem necessary and
appropriate.

         (c) All governmental and third party consents necessary to authorize
  the execution and delivery of the Agreement shall have been obtained.

         (d) iVG and Swan shall be in good standing in the states of their
respective incorporations, and both shall be qualified to do business in the
jurisdictions in which their respective business operations and assets require
them to be so qualified.

         (e) There shall be no default under the terms of this Agreement.

         (f) There shall have been no material detrimental change in the
financial condition or assets of either iVG or Swan as reflected in the balance
sheets of each company attached hereto and marked as Exhibit "A": iVG
Consolidated Balance Sheet March 2000, Exhibit "B:" Swan Magnetics, Inc. Pro
Forma Consolidation Balance Sheet June 2000.

         (g) iVG shall have received an executed Questionnaire and Subscription
Agreement from each Participating Shareholder.

         (h) Each Participating Shareholder shall qualify as an Accredited
Investor; except that a limited number of Participating Shareholders who qualify
as Sophisticated Investors but do not qualify as Accredited Investors may be
accepted subject to iVG's sole and complete discretion.

         (i) The Exchange and issuance of iVG shares to the Participating
Shareholders shall be an exempt transaction so that neither iVG nor Swan is
required to file a registration statement or a permit with the Securities and
Exchange Commission or any state in which a Participating Shareholder resides
under applicable federal and state securities laws.
<PAGE>

         (j) Swan or iVG shall have obtained a fairness opinion if any of such
parties deem it necessary under applicable law to obtain a fairness opinion.

         (k) Each Participating Shareholder shall have delivered stock
certificates or stock power and assignment separate from certificates covering
their shares of Swan Common Stock or Preferred Stock.

         (l) iVG shall have received from counsel to Swan an opinion in form and
substance agreeable to Swan and iVG which is addressed to iVG and dated as of
the Closing Date.

         (m) Swan shall have received from counsel to iVG an opinion in form and
substance agreeable to Swan and iVG which is addressed to Swan and dated as of
the Closing Date.

9.       TAX FREE REORGANIZATION

         Swan acknowledges and agrees that the transactions contemplated by this
Agreement are to constitute a tax-free reorganization under Section 368(a) of
the Internal Revenue Code. Swan has no present intention of taking any acts
which would jeopardize the tax-free treatment of this transaction, and, shall
among other things, take those actions necessary to effect the tax-free
reorganization including those actions required by Treas. Reg. Section
1.368-3(a) (which includes the adoption of a Plan of Reorganization).

10.      CONFIDENTIALITY.

         Swan and iVG throughout the term of this Agreement and for two years
thereafter, shall strictly maintain the confidentiality of (i) all information
that is disclosed to them relating to the disclosing party's business, financial
condition, personnel, products, customers, strategic and business plans; (ii)
the terms of this Agreement; and (iii) either party's proprietary, trade secret
information, including, without limitation, information relating to either
party's technology, patents, intellectual property, and product designs.

11.      TERMINATION.

         Swan and iVG may terminate this Agreement by mutual written consent at
any time prior to the Closing Date. If the closing of the Exchange transaction
has not occurred by December 31, 2000, this Agreement shall automatically
terminate. If this Agreement is terminated, all rights and obligations of the
parties hereunder shall terminate without any liability of any party to any
other party (except for any liability of any party then in breach); provided,
however, that the confidentiality provisions contained in Section 10 above shall
survive termination.

12.      MISCELLANEOUS.

         (a) NO THIRD-PARTY BENEFICIARIES. Except as expressly provided herein,
this Agreement shall not confer any rights or remedies upon any person other
than the parties and their respective successors and permitted assigns.
<PAGE>

         (b) ENTIRE AGREEMENT. This Agreement, including all exhibits and other
documents referred to herein, constitutes the entire agreement among the parties
and supersedes any prior understandings, agreements, or representations by or
among the parties, written or oral, to the extent they related in any way to the
subject matter hereof and may not be modified, amended or terminated except by a
written agreement specifically referring to this Agreement, signed by the
parties.

         (c) SUCCESSION AND ASSIGNMENT. This Agreement shall be binding upon and
inure to the benefit of the parties named herein and their respective successors
and permitted assigns. No party may assign either this Agreement or any of a
party's rights, interests, or obligations hereunder without the prior written
approval of the parties; provided, however, that iVG may (i) assign any or all
of its rights and interests hereunder to one or more of its Affiliates and (ii)
designate one or more of its Affiliates to perform its obligations hereunder (in
any or all of which cases iVG nonetheless shall remain responsible for the
performance of all of its obligations hereunder).

         (d) COUNTERPARTS. This Agreement may be executed in one or more
counterparts, including facsimile copies, each of which shall be deemed an
original but all of which together will constitute one and the same instrument.

         (e) HEADINGS. The section headings contained in this Agreement are
inserted for convenience only and shall not affect in any way the meaning or
interpretation of this Agreement.

         (f) GOVERNING LAW. This Agreement shall be governed by and construed in
accordance with the domestic laws of the State of Florida.

         (g) PREVAILING PARTY EXPENSES. If any legal action or other proceeding
is brought for the enforcement of this Agreement, or because of an alleged
dispute, breach, default or misrepresentation in connection with any provision
of this Agreement, the successful or prevailing party or parties shall be
entitled to recover reasonable attorneys' fees, sales and use taxes, court costs
and all expenses even if not taxable as court costs (including, without
limitation, all such fees, taxes, costs and expenses incident to arbitration,
appellate, bankruptcy and post-judgment proceedings), incurred in that action or
proceeding, in addition to any other relief to which such party or parties may
be entitled. Attorneys' fees shall include, without limitation, paralegal fees,
investigative fees, administrative costs, sales and use taxes and all other
charges billed by the attorney to the prevailing party.

         (h) SEVERABILITY. Any term or provision of this Agreement that is
invalid or unenforceable in any situation in any jurisdiction shall not affect
the validity or enforceability of the remaining terms and provisions hereof or
the validity or enforceability of the offending term or provision in any other
situation or in any other jurisdiction.

<PAGE>

13.      OPPORTUNITY FOR INDEPENDENT REVIEW; COUNSEL AND PROFESSIONAL ADVISORS

         Each of the parties acknowledges and represents that such party has had
the opportunity to consult with independent legal counsel or other professional
advisors regarding this Agreement and the transactions contemplated herein. Each
of the parties represents that such party has had an opportunity to review all
necessary documents and information provided to or executed by such party, or
through such party's professional advisors, in order to make an informed
decision regarding this Agreement and the transactions contemplated herein.

        IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the Effective Date.

Internet Venture Group, Inc.:                      Swan Magnetics, Inc.

S/ ELORIAN LANDERS                                 S/EDEN KIM
--------------------------                         -----------------------------
Elorian Landers, President                         Eden Kim, President

              [THE REMAINDER OF THIS PAGE LEFT INTENTIONALLY BLANK,
            SIGNATURE PAGES FOR PARTICIPATING SHAREHOLDERS TO FOLLOW]

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

     /s/ Albert J. Guerini
-------------------------------------------------
Signature of Participating Shareholder

     Albert J. Guerini
-------------------------------------------------
Name of Participating Shareholder

     /s/ Barbara J. Guerini
-------------------------------------------------
Signature of Participating Shareholder's Spouse

     Barbara J. Guerini
-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  2045 Pachelo Pass Hwy.
                  Gilroy, CA 95020

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Marvin Bein
-------------------------------------------------
Signature of Participating Shareholder

         Marvin Bein
-------------------------------------------------
Name of Participating Shareholder

-------------------------------------------------
Signature of Participating Shareholder's Spouse

-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  15402 Oakmont Club Ct.
                  Houston, Texas 77059-5800

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ J. David Black
-------------------------------------------------
Signature of Participating Shareholder

         J. David Black
-------------------------------------------------
Name of Participating Shareholder

         /s/ Jeanne-Marie Black
-------------------------------------------------
Signature of Participating Shareholder's Spouse

         Jeanne-Marie Black
-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  6 Horseshoe Bend
                  Portola Valley, CA 94028

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Leon Brown, Jr.
-------------------------------------------------
Signature of Participating Shareholder

         Leon Brown, Jr.
-------------------------------------------------
Name of Participating Shareholder

-------------------------------------------------
Signature of Participating Shareholder's Spouse

-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  5851 Potomac Dr.
                  Concord, NC 28027

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Bradley Bryan
-------------------------------------------------
Signature of Participating Shareholder

         Bradley Bryan
-------------------------------------------------
Name of Participating Shareholder

-------------------------------------------------
Signature of Participating Shareholder's Spouse

         Helen Bryan
-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  1122 Colorado St., Suite 301
                  Austin, Texas 78703

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Eric S. Chang
-------------------------------------------------
Signature of Participating Shareholder

         Eric S. Chang
-------------------------------------------------
Name of Participating Shareholder

-------------------------------------------------
Signature of Participating Shareholder's Spouse

-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  15407 Saticoy St.
                  Van Nuys, CA 91406

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Gary J. Ghang, M.D.
-------------------------------------------------
Signature of Participating Shareholder

         Gary J. Chang, M.D.
-------------------------------------------------
Name of Participating Shareholder

-------------------------------------------------
Signature of Participating Shareholder's Spouse

-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  417 12th St.
                  Santa Monica, CA 90402

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Swan Chur
-------------------------------------------------
Signature of Participating Shareholder

         Swan Chur
-------------------------------------------------
Name of Participating Shareholder

-------------------------------------------------
Signature of Participating Shareholder's Spouse

-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  645 Paseo De La Playa, Unit # 301
                  Redondo Beach, CA 90277

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Barry Dickman
-------------------------------------------------
Signature of Participating Shareholder

         Barry Dickman
-------------------------------------------------
Name of Participating Shareholder

-------------------------------------------------
Signature of Participating Shareholder's Spouse

-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  401 Jefferson St.
                  Ridgewood, NJ 07450

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Bernard Dreskin
-------------------------------------------------
Signature of Participating Shareholder

         Bernard Dreskin, Trustee
-------------------------------------------------
Name of Participating Shareholder

-------------------------------------------------
Signature of Participating Shareholder's Spouse

-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  2 Claridge Drive, Apt. 7HW
                  Verona, NJ 07044

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Rod Epperson
-------------------------------------------------
Signature of Participating Shareholder

         Rod Epperson
-------------------------------------------------
Name of Participating Shareholder

         /s/ Corliss Epperson
-------------------------------------------------
Signature of Participating Shareholder's Spouse

         Corliss Epperson
-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  1012 Guadalupe # 6D
                  Kerrville, Texas 78028

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Ross D. Gillman
-------------------------------------------------
Signature of Participating Shareholder

         Ross D. Gillman
-------------------------------------------------
Name of Participating Shareholder

-------------------------------------------------
Signature of Participating Shareholder's Spouse

-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  220 East 65th Street, Apt. 14G
                  New York, NY 10021

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Stephen Granet
-------------------------------------------------
Signature of Participating Shareholder

         Stephen Granet
-------------------------------------------------
Name of Participating Shareholder

-------------------------------------------------
Signature of Participating Shareholder's Spouse

-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  13 Sheffield Road
                  North Caldwell, NJ 07006

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ William Han
-------------------------------------------------
Signature of Participating Shareholder

         William Han
-------------------------------------------------
Name of Participating Shareholder

-------------------------------------------------
Signature of Participating Shareholder's Spouse

-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  3010 Wilshire Blvd. # 213
                  Los Angeles, CA 90010

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Wataru Kanzaki
-------------------------------------------------
Signature of Participating Shareholder

         Wataru Kanzaki
-------------------------------------------------
Name of Participating Shareholder

-------------------------------------------------
Signature of Participating Shareholder's Spouse

-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  2-36-4 Ekoda Aobaku
                  Yokohama Japan 225-0005

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Eden Kim
-------------------------------------------------
Signature of Participating Shareholder

         Eden Kim
-------------------------------------------------
Name of Participating Shareholder

         /s/ Nina Kim
-------------------------------------------------
Signature of Participating Shareholder's Spouse

         Nina Kim
-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  10715 Orline Ct.
                  Cupertino, CA 95014

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ In Chang Kim
-------------------------------------------------
Signature of Participating Shareholder

         In Chang Kim
-------------------------------------------------
Name of Participating Shareholder

         /s/ Chin Sook Kim
-------------------------------------------------
Signature of Participating Shareholder's Spouse

         Chin Sook Kim
-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  950 Big Briar Way
                  La Canada, CA 91011

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Lawrence K.C. Ko
-------------------------------------------------
Signature of Participating Shareholder

         Lawrence K.C. Ko
-------------------------------------------------
Name of Participating Shareholder

         /s/ Lilly L. Ko
-------------------------------------------------
Signature of Participating Shareholder's Spouse

         Lilly L. Ko
-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  46642 Paseo Padre Pkwy.
                  Fremont, CA 94539

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Robert Korody
-------------------------------------------------
Signature of Participating Shareholder

         Robert Korody
-------------------------------------------------
Name of Participating Shareholder

-------------------------------------------------
Signature of Participating Shareholder's Spouse

-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  P.O. Box 9840
                  Rancho Santa Fe, CA 92067

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Randy Adler
-------------------------------------------------
Signature of Participating Shareholder

         Randy Adler
-------------------------------------------------
Name of Participating Shareholder

         /s/ Sandra J. Adler
-------------------------------------------------
Signature of Participating Shareholder's Spouse

         Sandra J. Adler
-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  180 Brisa Ct.
                  Shell Beach, CA 93449

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Elorian Landers
-------------------------------------------------
Signature of Participating Shareholder

         Elorian Landers
-------------------------------------------------
Name of Participating Shareholder

         /s/ Becky Landers
-------------------------------------------------
Signature of Participating Shareholder's Spouse

         Becky Landers
-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  30 Farrell Ridge Dr.
                  Sugar Land, Texas 77479

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Marvin Lane
-------------------------------------------------
Signature of Participating Shareholder

         Marvin Lane
-------------------------------------------------
Name of Participating Shareholder

-------------------------------------------------
Signature of Participating Shareholder's Spouse

-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  437 Via Los Miradores
                  Redondo Beach, CA 90277

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Bom-Shik Lee
-------------------------------------------------
Signature of Participating Shareholder

         Bom-Shik Lee
-------------------------------------------------
Name of Participating Shareholder

-------------------------------------------------
Signature of Participating Shareholder's Spouse

-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  20425 Via Volante
                  Cupertino, CA 95014

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Chang-Won Lee
-------------------------------------------------
Signature of Participating Shareholder

         Chang-Won Lee
-------------------------------------------------
Name of Participating Shareholder

-------------------------------------------------
Signature of Participating Shareholder's Spouse

-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  123-8 Yeonhee-Dong
                  Seodaemun Gu Seoul, Korea

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Hakwoo Lee
-------------------------------------------------
Signature of Participating Shareholder

         Hakwoo Lee
-------------------------------------------------
Name of Participating Shareholder

         /s/ Jinhie Lee
-------------------------------------------------
Signature of Participating Shareholder's Spouse

         Jinhie Lee
-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  26641 Laurel Lane
                  Los Altos Hills, CA 94022

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Woo Ryong Lee
-------------------------------------------------
Signature of Participating Shareholder

         Woo Ryong Lee
-------------------------------------------------
Name of Participating Shareholder

         /s/ Sunghae Lee
-------------------------------------------------
Signature of Participating Shareholder's Spouse

         Sunghae Lee
-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  20425 Via Volante
                  Cupertino, CA 95014

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Gerald Z. Marer
-------------------------------------------------
Signature of Participating Shareholder

-------------------------------------------------
Name of Participating Shareholder

-------------------------------------------------
Signature of Participating Shareholder's Spouse

-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  2521 Cowper St.
                  Palo Palo, CA 94301

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Dale G. Nickell
-------------------------------------------------
Signature of Participating Shareholder

         Dale G. Nickell
-------------------------------------------------
Name of Participating Shareholder

         /s/ Jeanne G. Nickell
-------------------------------------------------
Signature of Participating Shareholder's Spouse

         Jeanne G. Nickell
-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  585 Edelweiss Dr.
                  San Jose, CA 95136

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Abe Rothbard
-------------------------------------------------
Signature of Participating Shareholder

         Abe Rothbard
-------------------------------------------------
Name of Participating Shareholder

-------------------------------------------------
Signature of Participating Shareholder's Spouse

-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  761 Vegas Valley Drive
                  Las Vegas, NV 89109

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ David Saxby
-------------------------------------------------
Signature of Participating Shareholder

         David Saxby
-------------------------------------------------
Name of Participating Shareholder

         /s/ Mary Ellen Saxby
-------------------------------------------------
Signature of Participating Shareholder's Spouse

         Mary Ellen Saxby
-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  14946 Granite Court
                  Saratoga, CA 95070

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ James K. Simons
-------------------------------------------------
Signature of Participating Shareholder

         James K. Simons
-------------------------------------------------
Name of Participating Shareholder

         /s/ Helen Dale Simons
-------------------------------------------------
Signature of Participating Shareholder's Spouse

         Helen Dale Simons
-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  2700 S. First St.
                  Austin, Texas 78704

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Michael W. Tate
-------------------------------------------------
Signature of Participating Shareholder

         Michael W. Tate
-------------------------------------------------
Name of Participating Shareholder

-------------------------------------------------
Signature of Participating Shareholder's Spouse

-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

         Mail:    P.O. Box 22655
                  Houston, Texas 77227

         Fedx:    311 MidLane
                  Houston, Texas 77027

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Douglas Wells
-------------------------------------------------
Signature of Participating Shareholder

         Douglas Wells
-------------------------------------------------
Name of Participating Shareholder

         /s/ Marion Wells
-------------------------------------------------
Signature of Participating Shareholder's Spouse

         Marion Wells
-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  902 Foothill Dr.
                  San Jose, CA 95123

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ William Wigmore
-------------------------------------------------
Signature of Participating Shareholder

         William L. Wigmore Family Trust
-------------------------------------------------
Name of Participating Shareholder

-------------------------------------------------
Signature of Participating Shareholder's Spouse

-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  P.O. Box 138
                  Glenbrook, NV 89413

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Bruce Williams
-------------------------------------------------
Signature of Participating Shareholder

         Bruce Williams
-------------------------------------------------
Name of Participating Shareholder

         /s/ Elaine Williams
-------------------------------------------------
Signature of Participating Shareholder's Spouse

         Elaine Williams
-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  627 E. Shepherd Ave.
                  Fresno, CA 93720

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Wendell P. Wong, MD
-------------------------------------------------
Signature of Participating Shareholder

         Wendell P. Wong, MD
-------------------------------------------------
Name of Participating Shareholder

         /s/ Terry A. Wong
-------------------------------------------------
Signature of Participating Shareholder's Spouse

         Terry A. Wong
-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  3517 Laurel Ave.
                  Manhattan Beach, CA 90266

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Roy Yaka
-------------------------------------------------
Signature of Participating Shareholder

         Roy Yaka
-------------------------------------------------
Name of Participating Shareholder

-------------------------------------------------
Signature of Participating Shareholder's Spouse

-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  378 Sposito Circle
                  San Jose, CA 95136

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Mariana G. Myers
-------------------------------------------------
Signature of Participating Shareholder

         Mariana G. Myers
-------------------------------------------------
Name of Participating Shareholder

-------------------------------------------------
Signature of Participating Shareholder's Spouse

-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  10605 Shirley St.
                  Omaha, NE 68124

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Larry W. Myers
-------------------------------------------------
Signature of Participating Shareholder

         Larry W. Myers
-------------------------------------------------
Name of Participating Shareholder

-------------------------------------------------
Signature of Participating Shareholder's Spouse

-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  10808 Prairie Hills Drive
                  Omaha, NE 68144

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Donghwa Liu
-------------------------------------------------
Signature of Participating Shareholder

         Donghwa Liu
         dba: International Service Cab
-------------------------------------------------
Name of Participating Shareholder

         /s/ Gaelin Liu
-------------------------------------------------
Signature of Participating Shareholder's Spouse

         Gaelin Liu
-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  6024 Montemalaga Dr.
                  Rancho Palos Verde, CA 90275

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Don Y. Kim
-------------------------------------------------
Signature of Participating Shareholder

         Don Y. Kim
-------------------------------------------------
Name of Participating Shareholder

-------------------------------------------------
Signature of Participating Shareholder's Spouse

-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  3430 El Camino Real
                  Santa Clara, CA 95051

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Byong Mok Kim
-------------------------------------------------
Signature of Participating Shareholder

         Byong Mok Kim
-------------------------------------------------
Name of Participating Shareholder

         /s/ Wha Shim Han
-------------------------------------------------
Signature of Participating Shareholder's Spouse

         Wha Shim Han
-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  8607 Nottingham Pl.
                  La Jolla, CA 92037

<PAGE>

PARTICIPATING SHAREHOLDER (If Individual):

         /s/ Roy M. Bartlett, Jr.
-------------------------------------------------
Signature of Participating Shareholder

         Roy M. Bartlett, Jr.
-------------------------------------------------
Name of Participating Shareholder

-------------------------------------------------
Signature of Participating Shareholder's Spouse

-------------------------------------------------
Name of Participating Shareholder's Spouse

Current Address of Participating Shareholder:

                  308 Iron Horse Ct.
                  Alamo, CA 94507

<PAGE>

PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):

         The Bass Trust
-------------------------------------------------
Name of Participating Shareholder

         /s/ Charlie Bass
-------------------------------------------------
Signature

By:      Charlie Bass
    ---------------------------------------------

Its:     Trustee of the Bass Trust,
         U/D/T Dated  April 29, 1998
     --------------------------------------------

Current Address of Participating Shareholder:

                  3788 Ahonui Place
                  Princeville, HI 96722

<PAGE>

PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):

         Texas Mid Continent Oil & Gas
---------------------------------------------
         Association Money Purchase Pension
--------------------------------------------
         Plan. FBO Robert L. Looney
-------------------------------------------------
Name of Participating Shareholder

         /s/ Robert L. Looney
-------------------------------------------------
Signature

By:      Robert L. Looney
    ---------------------------------------------

Its:     Plan Administrator
     --------------------------------------------

Current Address of Participating Shareholder:

                  304 W. 13th
                  Austin, Texas 78701

<PAGE>

PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):

         WS Investment Company 94B
-------------------------------------
Name of Participating Shareholder

         /s/ James A. Terranova
-------------------------------------------------
Signature

By:      James A. Terranova
    ---------------------------------------------

Its:     Administrator
     --------------------------------------------

Current Address of Participating Shareholder:

                  650 Page Mill Road
                  Palo Alto, CA 94304

<PAGE>

PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):

         Sega Enterprises, Ltd.
-------------------------------------------------
Name of Participating Shareholder

         /s/ Hideki Sato
-------------------------------------------------
Signature

By:      Hideki Sato
    ---------------------------------------------

Its:     Senior Managing Director
     --------------------------------------------

Current Address of Participating Shareholder:

                  2-12, Haneda 1-Chrome,
                  Ohtaku, Tokyo 144-8531, Japan

<PAGE>

PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):

         Way Mild Company Limited
-------------------------------------------------
Name of Participating Shareholder

         /s/ Ying Wing-Cheung, William
-------------------------------------------------
Signature

By:      Ying Wing-Cheung, William
    ---------------------------------------------

Its:     Managing Director
     --------------------------------------------

Current Address of Participating Shareholder:

                  Rm 1105, Oriental Centre
                  67-71 Chatham Road
                  Kowloon, Hong Kong

<PAGE>

PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):

         Norcaster Research Partners
-------------------------------------------------
Name of Participating Shareholder

         /s/ Richard W. Hoole
-------------------------------------------------
Signature

By:      Richard W. Hoole
    ---------------------------------------------

Its:     Managing Partner
     --------------------------------------------

Current Address of Participating Shareholder:

                  7 Uplands Road
                  Littleton, MA 01460

<PAGE>

PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):

         Principal Holdings, Inc.
-------------------------------------------------
Name of Participating Shareholder

         /s/ John Clayton
-------------------------------------------------
Signature

By:      John Clayton
    ---------------------------------------------

Its:     President
     --------------------------------------------

Current Address of Participating Shareholder:

                  525 S. 300 E.
                  Salt Lake City, UT 84111

<PAGE>

PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):

         Pantene Industrial Company Limited
-------------------------------------------------
Name of Participating Shareholder

         /s/ Ho, Che Kong
-------------------------------------------------
Signature

By:      Ho, Che Kong
    ---------------------------------------------

Its:     Director
     --------------------------------------------

Current Address of Participating Shareholder:

                  Unit B, 19/F, Chai Wan Industrial
                  Centre, 20 Lee Chung Street
                  Chai Wan, Hong Kong

<PAGE>

PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):

James G. Morgan, DDS, MS, MD Oral & Maxillofacial Surgery, P.C.
         Profit Plan
-------------------------------------------------
Name of Participating Shareholder

         /s/ James G. Morgan
-------------------------------------------------
Signature

By:      James G. Morgan
    ---------------------------------------------

Its:     TTEE
     --------------------------------------------

Current Address of Participating Shareholder:

                  8701 West Dodge Rd. 408
                  Omaha, NE 68114

<PAGE>

PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):

         Long Family Trust
-------------------------------------------------
Name of Participating Shareholder

         /s/ William D. Long
-------------------------------------------------
Signature

By:      William D. Long
    ---------------------------------------------

Its:     Trustee
     --------------------------------------------

Current Address of Participating Shareholder:

                  PO Box 522
                  2153 Pray Meadow Road
                  Glenbrook, NV 89413

<PAGE>

PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):

         Harris Family Trust u/a/d 6-19-91
-------------------------------------------------
Name of Participating Shareholder

         /s/ Edward F. Harris
-------------------------------------------------
Signature

By:      Edward F. Harris
    ---------------------------------------------

Its:     Trustee
     --------------------------------------------

Current Address of Participating Shareholder:

                  5541 Country Club Parkway
                  San Jose, CA 95138

<PAGE>

PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):

         CSK Venture Capital, Co., Ltd.
---------------------------------------------
Name of Participating Shareholder

         /s/ Max Kuroishi
-------------------------------------------------
Signature

By:      Max Kuroishi
    ---------------------------------------------

Its:     Director
     --------------------------------------------

Current Address of Participating Shareholder:

                  7F Kenchikukaikan
                  5-26-20 Shiba, Minato-ku,
                  Tokyo 108-0014 Japan

<PAGE>

PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):

         CSK Electronics Corporation
-------------------------------------------------
Name of Participating Shareholder

         /s/ Takashi Miyano
-------------------------------------------------
Signature

By:      Takashi Miyano
    ---------------------------------------------

Its:     President
     --------------------------------------------

Current Address of Participating Shareholder:

                  2-18-10 Soto-kanda
                  Chiyoda-Ku, Tokyo 101-8991 Japan

<PAGE>

PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):

         Elan Group, LLC, Eden Kim
-------------------------------------------------
Name of Participating Shareholder

         /s/ Eden Kim for Elan Group LLC
-------------------------------------------------
Signature

By:      Eden Kim
    ---------------------------------------------

Its:     Mg Dir
     --------------------------------------------

Current Address of Participating Shareholder:

                  10715 Orline Ct.
                  Cupertino, CA 95014

<PAGE>

PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):

         Wha Shim Han, M.D., Inc.
--------------------------------------------
         Defined Benefit Plan (Pension Plan)
-------------------------------------------------
Name of Participating Shareholder

         /s/ W.S. Han
-------------------------------------------------
Signature

By:      W.S. Han
    ---------------------------------------------

Its:     Trustee
     --------------------------------------------

Current Address of Participating Shareholder:

                  8607 Nottingham Pl.
                  La Jolla, CA 92037

<PAGE>

PARTICIPATING SHAREHOLDER (If Corporation or Non-Individual Entity):

   Peter K. Ely, M.D. Employee's Retirement Trust
-------------------------------------------------
Name of Participating Shareholder

         /s/ Peter K. Ely
-------------------------------------------------
Signature

By:      Peter K. Ely
    ---------------------------------------------

Its:     Trustee
     --------------------------------------------

Current Address of Participating Shareholder:

                  1136 Louall Valley Rd
                  Sonoma, CA  95476

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