Document:

2000 Employee Stock Purchase Plan

  
 EXHIBIT 4.02 
  
 IGN ENTERTAINMENT, INC. 
  
 2000 EMPLOYEE
STOCK PURCHASE PLAN 
  
 As Adopted February 22, 2000; and 
 As Adjusted March 5, 2001 and September 24, 2001; and 
 As Amended May 9, 2002 

 
 1.  Establishment of Plan.    IGN Entertainment, Inc. (the
“Company”) proposes to grant options for purchase of the Company’s Common Stock to eligible employees of the Company and its Participating Subsidiaries (as hereinafter defined) pursuant to this Employee Stock Purchase
Plan (this “Plan”). For purposes of this Plan, “Parent Corporation” and “Subsidiary” shall have the same meanings as “parent corporation” and “subsidiary
corporation” in Sections 424(e) and 424(f), respectively, of the Internal Revenue Code of 1986, as amended (the “Code”). “Participating Subsidiaries” are Parent Corporations or Subsidiaries that
the Board of Directors of the Company (the “Board”) designates from time to time as corporations that shall participate in this Plan. The Company intends this Plan to qualify as an “employee stock purchase plan”
under Section 423 of the Code (including any amendments to or replacements of such Section), and this Plan shall be so construed. Any term not expressly defined in this Plan but defined for purposes of Section 423 of the Code shall have the same
definition herein. A total of 166,691i shares of the Company’s Common Stock are reserved for
issuance under this Plan. In addition, on each January 1, the aggregate number of shares of the Company’s Common Stock reserved for issuance under the Plan shall be increased automatically by a number of shares equal to 1% of the total number
of outstanding shares of the Company Common Stock on the immediately preceding December 31; provided, that the Board or the Committee may in its sole discretion reduce the amount of the increase in any particular year; and, provided
further, that the aggregate number of shares issued over the term of this Plan shall not exceed 277,778ii shares. Such number shall be subject to adjustments effected in accordance with Section 14 of this Plan. 
  
 2.  Purpose.    The purpose of this Plan is to provide eligible employees of the Company and Participating Subsidiaries with a convenient means of acquiring an equity interest in the
Company through payroll deductions, to enhance such employees’ sense of participation in the affairs of the Company and Participating Subsidiaries, and to provide an incentive for continued employment. 
  
 3.  Administration.    This Plan shall be administered by the Compensation Committee of the Board
(the “Committee”). Subject to the provisions of this Plan and the limitations of Section 423 of the Code or any successor provision in the Code, all questions of interpretation or application of this Plan shall be determined
by the Committee and its decisions shall be final and binding upon all participants. Members of the Committee shall receive no compensation for their services in connection with the administration of this Plan, other than standard fees as
established from time to time by the Board for services rendered by Board members serving on Board committees. All expenses incurred in connection with the administration of this Plan shall be paid by the Company. 
  
 4.  Eligibility.    Any employee of the Company or the Participating Subsidiaries is eligible to
participate in an Offering Period (as hereinafter defined) under this Plan except the following: 
  
 (a)  employees who are not employed by the Company or a Participating Subsidiary prior to the beginning of such Offering Period or prior to such other time period as specified by the Committee, except that employees who are
employed on the Effective Date of the Registration Statement filed by the Company with the Securities and Exchange Commission (“SEC”) under the Securities Act of 1933, as amended (the “Securities Act”)
registering the initial public offering of the Company’s Common Stock shall be eligible to participate in the first Offering Period under the Plan; 
  
 (b)  employees who are customarily employed for twenty (20) hours or less per week; 
  
 (c)  employees who are customarily employed for five (5) months or less in a calendar year; 
  

(d)  employees who, together with any other person whose stock would be attributed to such 
  
 

	i
	 
	Adjusted to reflect (1) the automatic authorization of 375,697 additional shares of Common Stock for issuance under this Plan pursuant to Section 1 of this Plan
in January 2001 (based upon 37,569,697 shares of Common Stock issued and outstanding as of December 31, 2000); (2) the 3-for-1 reverse stock split of the Company’s Common Stock effected with respect to stockholders of record on March 5,
2001; (3) the 6-for-1 reverse stock split of the Company’s Common Stock with respect to stockholders of record on September 24, 2001; (4) the automatic authorization of 18,041 additional shares of Common Stock for issuance under this Plan
pursuant to Section 1 of this Plan in January 2002 (based upon 1,804,052 shares of Common Stock issued and outstanding as of December 31, 2001); and (5) the authorization of 100,000 additional shares of Common Stock for issuance under this Plan
pursuant to amendment by affirmative vote by the Company’s Board of Directors and stockholders on May 9, 2002. 
 

	ii
	 
	Adjusted to reflect (1) the 3-for-1 reverse stock split of the Company’s Common Stock effected with respect to stockholders of record on March 5, 2001; and
(2) the 6-for-1 reverse stock split of the Company’s Common Stock with respect to stockholders of record on September 24, 2001. 
 

  

 

  
 IGN Entertainment, Inc. 
  
 2000 Employee Stock Purchase Plan 
  
 employee pursuant to Section 424(d) of the Code, own stock or hold options to purchase stock possessing five percent (5%) or more of the total combined voting power or value of all classes of stock of the Company or any of its
Participating Subsidiaries or who, as a result of being granted an option under this Plan with respect to such Offering Period, would own stock or hold options to purchase stock possessing five percent (5%) or more of the total combined voting power
or value of all classes of stock of the Company or any of its Participating Subsidiaries; and 
  
 (e)  individuals who provide services to the Company or any of its Participating Subsidiaries as independent contractors who are reclassified as common law employees for any reason except for federal income and
employment tax purposes. 
  
 5.  Offering
Dates.    The offering periods of this Plan (each, an “Offering Period”) shall be of twenty-four (24) months duration commencing on May 1 and November 1 of each year and ending on
April 30 and October 31 of each year; provided, however, that notwithstanding the foregoing, the first such Offering Period shall commence on the first business day on which price quotations for the Company’s Common Stock are available
on the Nasdaq National Market (the “First Offering Date”) and shall end on April 30, 2002. Except for the first Offering Period, each Offering Period shall consist of four (4) six month purchase periods (individually, a
“Purchase Period”) during which payroll deductions of the participants are accumulated under this Plan. The first Offering Period shall consist of no more than five and no fewer than three Purchase Periods, any of which may
be greater or less than six months as determined by the Committee. The first business day of each Offering Period is referred to as the “Offering Date”. The last business day of each Purchase Period is referred to as the
“Purchase Date”. The Committee shall have the power to change the Offering Dates, the Purchase Dates and the duration of Offering Periods or Purchase Periods without stockholder approval if such change is announced prior to
the relevant Offering Period, or prior to such other time period as specified by the Committee. 
  
 6.  Participation in this Plan.    Eligible employees may become participants in an Offering Period under this Plan on the first Offering Date after satisfying the eligibility requirements by
delivering a subscription agreement to the Company prior to such Offering Date, or such other time period as specified by the Committee. Notwithstanding the foregoing, the Committee may set a later time for filing the subscription agreement
authorizing payroll deductions for all eligible employees with respect to a given Offering Period. An eligible employee who does not deliver a subscription agreement to the Company by such date after becoming eligible to participate in such Offering
Period shall not participate in that Offering Period or any subsequent Offering Period unless such employee enrolls in this Plan by filing a subscription agreement with the Company prior to such Offering Date, or such other time period as specified
by the Committee. Once an employee becomes a participant in an Offering Period, such employee will automatically participate in the Offering Period commencing immediately following the last day of the prior Offering Period unless the employee
withdraws or is deemed to withdraw from this Plan or terminates further participation in the Offering Period as set forth in Section 11 below. Such participant is not required to file any additional subscription agreement in order to continue
participation in this Plan. 
  
 7.  Grant of Option on Enrollment.    Enrollment
by an eligible employee in this Plan with respect to an Offering Period will constitute the grant (as of the Offering Date) by the Company to such employee of an option to purchase on the Purchase Date up to that number of shares of Common Stock of
the Company determined by dividing (a) the amount accumulated in such employee’s payroll deduction account during such Purchase Period by (b) the lower of (i) eighty-five percent (85%) of the fair market value of a share of the Company’s
Common Stock on the Offering Date (but in no event less than the par value of a share of the Company’s Common Stock), or (ii) eighty-five percent (85%) of the fair market value of a share of the Company’s Common Stock on the Purchase Date
(but in no event less than the par value of a share of the Company’s Common Stock), provided, however, that the number of shares of the Company’s Common Stock subject to any option granted pursuant to this Plan shall not exceed the
lesser of (x) the maximum number of shares set by the Committee pursuant to Section 10(c) below with respect to the applicable Purchase Date, or (y) the maximum number of shares which may be purchased pursuant to Section 10(b) below with respect to
the applicable Purchase Date. The fair market value of a share of the Company’s Common Stock shall be determined as provided in Section 8 below. 
  
 8.  Purchase Price.    The purchase price per share at which a share of Common Stock will be sold in 

 
 2 

  
 IGN Entertainment, Inc. 
  
 2000 Employee Stock Purchase Plan 
  
 any Offering Period shall
be eighty-five percent (85%) of the lesser of: 
  
 (a)  The fair market value on the
Offering Date; or 
  
 (b)  The fair market value on the Purchase Date. 

 
 For purposes of this Plan, the term “Fair Market Value” means, as of any date, the value of a share of
the Company’s Common Stock determined as follows: 
  
 (a)  if such Common Stock is
then quoted on the Nasdaq National Market, its closing price on the Nasdaq National Market on the date of determination as reported in The Wall Street Journal; 
  
 (b)  if such Common Stock is publicly traded and is then listed on a national securities exchange, its closing price on the date of determination
on the principal national securities exchange on which the Common Stock is listed or admitted to trading as reported in The Wall Street Journal; 
  
 (c)  if such Common Stock is publicly traded but is not quoted on the Nasdaq National Market nor listed or admitted to trading on a national
securities exchange, the average of the closing bid and asked prices on the date of determination as reported in The Wall Street Journal; or 
  
 (d)  if none of the foregoing is applicable, by the Board in good faith, which in the case of the First Offering Date will be the price per share
at which shares of the Company’s Common Stock are initially offered for sale to the public by the Company’s underwriters in the initial public offering of the Company’s Common Stock pursuant to a registration statement filed with the
SEC under the Securities Act. 
  
 9.  Payment Of Purchase Price; Changes In Payroll Deductions; Issuance
Of Shares. 
  
 (a)  The purchase price of the shares is accumulated by regular payroll
deductions made during each Offering Period. The deductions are made as a percentage of the participant’s compensation in one percent (1%) increments not less than one percent (1%), nor greater than ten percent (10%) or such lower limit set by
the Committee. Compensation shall mean all W-2 cash compensation, including, but not limited to, base salary, wages, commissions, overtime, shift premiums and bonuses, plus draws against commissions, provided, however, that for purposes of
determining a participant’s compensation, any election by such participant to reduce his or her regular cash remuneration under Sections 125 or 401(k) of the Code shall be treated as if the participant did not make such election. Payroll
deductions shall commence on the first payday of the Offering Period and shall continue to the end of the Offering Period unless sooner altered or terminated as provided in this Plan. 
  
 (b)  A participant may increase or decrease the rate of payroll deductions during an Offering Period by filing with the Company a new authorization for payroll
deductions, in which case the new rate shall become effective for the next payroll period commencing after the Company’s receipt of the authorization and shall continue for the remainder of the Offering Period unless changed as described below.
Such change in the rate of payroll deductions may be made at any time during an Offering Period, but not more than one (1) change may be made effective during any Purchase Period. A participant may increase or decrease the rate of payroll deductions
for any subsequent Offering Period by filing with the Company a new authorization for payroll deductions prior to the beginning of such Offering Period, or prior to such other time period as specified by the Committee. 
  
 (c)  A participant may reduce his or her payroll deduction percentage to zero during an Offering Period by filing with the
Company a request for cessation of payroll deductions. Such reduction shall be effective beginning with the next payroll period after the Company’s receipt of the request and no further payroll deductions will be made for the duration of the
Offering Period. Payroll deductions credited to the participant’s account prior to the effective date of the request shall be used to purchase shares of Common Stock of the Company in accordance with Section (e) below. A participant may not
resume making payroll deductions during the Offering Period in which he or she reduced his or her payroll deductions to zero. 

 
 3 

  
 IGN Entertainment, Inc. 
  
 2000 Employee Stock Purchase Plan 
  
 (d)  All payroll deductions made for a participant are credited to his or her account under this Plan and are deposited with the general funds of the Company. No interest accrues on the payroll deductions. All payroll
deductions received or held by the Company may be used by the Company for any corporate purpose, and the Company shall not be obligated to segregate such payroll deductions. 
  
 (e)  On each Purchase Date, so long as this Plan remains in effect and provided that the participant has not submitted a signed and completed withdrawal form
before that date which notifies the Company that the participant wishes to withdraw from that Offering Period under this Plan and have all payroll deductions accumulated in the account maintained on behalf of the participant as of that date returned
to the participant, the Company shall apply the funds then in the participant’s account to the purchase of whole shares of Common Stock reserved under the option granted to such participant with respect to the Offering Period to the extent that
such option is exercisable on the Purchase Date. The purchase price per share shall be as specified in Section 8 of this Plan. Any cash remaining in a participant’s account after such purchase of shares shall be refunded to such participant in
cash, without interest; provided, however that any amount remaining in such participant’s account on a Purchase Date which is less than the amount necessary to purchase a full share of Common Stock of the Company shall be carried forward,
without interest, into the next Purchase Period or Offering Period, as the case may be. In the event that this Plan has been oversubscribed, all funds not used to purchase shares on the Purchase Date shall be returned to the participant, without
interest. No Common Stock shall be purchased on a Purchase Date on behalf of any employee whose participation in this Plan has terminated prior to such Purchase Date. 
  
 (f)  As promptly as practicable after the Purchase Date, the Company shall issue shares for the participant’s benefit representing the shares purchased upon
exercise of his or her option. 
  
 (g)  During a participant’s lifetime, his or her option to purchase
shares hereunder is exercisable only by him or her. The participant will have no interest or voting right in shares covered by his or her option until such option has been exercised.  
  
 10.  Limitations on Shares to be Purchased. 
  
 (a)  No participant shall be entitled to purchase stock under this Plan at a rate which, when aggregated with his or her rights to purchase stock under all other employee stock purchase plans of the Company or any
Subsidiary, exceeds $25,000 in fair market value, determined as of the Offering Date (or such other limit as may be imposed by the Code) for each calendar year in which the employee participates in this Plan. The Company shall automatically suspend
the payroll deductions of any participant as necessary to enforce such limit provided that when the Company automatically resumes such payroll deductions, the Company must apply the rate in effect immediately prior to such suspension. 

 
 (b)  No more than two hundred percent (200%) of the number of shares determined by using eighty-five percent (85%) of
the fair market value of a share of the Company’s Common Stock on the Offering Date as the denominator may be purchased by a participant on any single Purchase Date. 
  
 (c)  No participant shall be entitled to purchase more than the Maximum Share Amount (as defined below) on any single Purchase Date. Prior to the commencement of
any Offering Period or prior to such time period as specified by the Committee, the Committee may, in its sole discretion, set a maximum number of shares which may be purchased by any employee at any single Purchase Date (hereinafter the
“Maximum Share Amount”). Until otherwise determined by the Committee, there shall be no Maximum Share Amount. In no event shall the Maximum Share Amount exceed the amounts permitted under Section 10(b) above. If a new Maximum
Share Amount is set, then all participants must be notified of such Maximum Share Amount prior to the commencement of the next Offering Period. The Maximum Share Amount shall continue to apply with respect to all succeeding Purchase Dates and
Offering Periods unless revised by the Committee as set forth above. 
  
 (d)  If the number of shares to be
purchased on a Purchase Date by all employees participating in this Plan exceeds the number of shares then available for issuance under this Plan, then the Company will make a pro rata allocation of the remaining shares in as uniform a manner as
shall be reasonably practicable and as the 

 
 4 

  
 IGN Entertainment, Inc. 
  
 2000 Employee Stock Purchase Plan 
  
 Committee shall determine
to be equitable. In such event, the Company shall give written notice of such reduction of the number of shares to be purchased under a participant’s option to each participant affected. 
  

(e)  Any payroll deductions accumulated in a participant’s account which are not used to purchase stock due to the limitations in this Section 10 shall
be returned to the participant as soon as practicable after the end of the applicable Purchase Period, without interest. 
  
 11.  Withdrawal. 
  
 (a)  Each participant may withdraw from an Offering
Period under this Plan by signing and delivering to the Company a written notice to that effect on a form provided for such purpose. Such withdrawal may be elected at any time prior to the end of an Offering Period, or such other time period as
specified by the Committee. 
  
 (b)  Upon withdrawal from this Plan, the accumulated payroll deductions
shall be returned to the withdrawn participant, without interest, and his or her interest in this Plan shall terminate. In the event a participant voluntarily elects to withdraw from this Plan, he or she may not resume his or her participation in
this Plan during the same Offering Period, but he or she may participate in any Offering Period under this Plan which commences on a date subsequent to such withdrawal by filing a new authorization for payroll deductions in the same manner as set
forth in Section 6 above for initial participation in this Plan. 
  
 (c)  If the Fair Market Value on the
first day of the current Offering Period in which a participant is enrolled is higher than the Fair Market Value on the first day of any subsequent Offering Period, the Company will automatically enroll such participant in the subsequent Offering
Period. Any funds accumulated in a participant’s account prior to the first day of such subsequent Offering Period will be applied to the purchase of shares on the Purchase Date immediately prior to the first day of such subsequent Offering
Period, if any. 
  
 12.  Termination of Employment.    Termination of a
participant’s employment for any reason, including retirement, death or the failure of a participant to remain an eligible employee of the Company or of a Participating Subsidiary, immediately terminates his or her participation in this Plan.
In such event, the payroll deductions credited to the participant’s account will be returned to him or her or, in the case of his or her death, to his or her legal representative, without interest. For purposes of this Section 12, an employee
will not be deemed to have terminated employment or failed to remain in the continuous employ of the Company or of a Participating Subsidiary in the case of sick leave, military leave, or any other leave of absence approved by the Board; provided
that such leave is for a period of not more than ninety (90) days or reemployment upon the expiration of such leave is guaranteed by contract or statute. 
  
 13.  Return of Payroll Deductions.     In the event a participant’s interest in this Plan is terminated by withdrawal, termination of employment or otherwise,
or in the event this Plan is terminated by the Board, the Company shall deliver to the participant all payroll deductions credited to such participant’s account. No interest shall accrue on the payroll deductions of a participant in this Plan.

  
 14.  Capital Changes.    Subject to any required action by the stockholders
of the Company, the number of shares of Common Stock covered by each option under this Plan which has not yet been exercised and the number of shares of Common Stock which have been authorized for issuance under this Plan but have not yet been
placed under option (collectively, the “Reserves”), as well as the price per share of Common Stock covered by each option under this Plan which has not yet been exercised, shall be proportionately adjusted for any increase or
decrease in the number of issued and outstanding shares of Common Stock of the Company resulting from a stock split or the payment of a stock dividend (but only on the Common Stock) or any other increase or decrease in the number of issued and
outstanding shares of Common Stock effected without receipt of any consideration by the Company; provided, however, that conversion of any convertible securities of the Company shall not be deemed to have been “effected without receipt
of consideration”. Such adjustment shall be made by the Committee, whose determination shall be final, binding and conclusive. Except as expressly provided herein, no issue by the Company of shares of stock of any class, or securities
convertible into shares of stock of any class, shall affect, and no 

 
 5 

  
 IGN Entertainment Inc. 
  
 2000 Employee Stock Purchase Plan 
  
 adjustment by reason
thereof shall be made with respect to, the number or price of shares of Common Stock subject to an option. 
  
 In the
event of the proposed dissolution or liquidation of the Company, the Offering Period will terminate immediately prior to the consummation of such proposed action, unless otherwise provided by the Committee. The Committee may, in the exercise of its
sole discretion in such instances, declare that this Plan shall terminate as of a date fixed by the Committee and give each participant the right to purchase shares under this Plan prior to such termination. In the event of (i) a merger or
consolidation in which the Company is not the surviving corporation (other than a merger or consolidation with a wholly-owned subsidiary, a reincorporation of the Company in a different jurisdiction, or other transaction in which there is no
substantial change in the stockholders of the Company or their relative stock holdings and the options under this Plan are assumed, converted or replaced by the successor corporation, which assumption will be binding on all participants), (ii) a
merger in which the Company is the surviving corporation but after which the stockholders of the Company immediately prior to such merger (other than any stockholder that merges, or which owns or controls another corporation that merges, with the
Company in such merger) cease to own their shares or other equity interest in the Company, (iii) the sale of all or substantially all of the assets of the Company or (iv) the acquisition, sale, or transfer of more than 50% of the outstanding shares
of the Company by tender offer or similar transaction, the Plan will continue with regard to Offering Periods that commenced prior to the closing of the proposed transaction and shares will be purchased based on the Fair Market Value of the
surviving corporation’s stock on each Purchase Date, unless otherwise provided by the Committee consistent with pooling of interests accounting treatment. 
  
 The Committee may, if it so determines in the exercise of its sole discretion, also make provision for adjusting the Reserves, as well as the price per share of Common Stock covered by each outstanding
option, in the event that the Company effects one or more reorganizations, recapitalizations, rights offerings or other increases or reductions of shares of its outstanding Common Stock, or in the event of the Company being consolidated with or
merged into any other corporation. 
  
 15.  Nonassignability.    Neither payroll
deductions credited to a participant’s account nor any rights with regard to the exercise of an option or to receive shares under this Plan may be assigned, transferred, pledged or otherwise disposed of in any way (other than by will, the laws
of descent and distribution or as provided in Section 22 below) by the participant. Any such attempt at assignment, transfer, pledge or other disposition shall be void and without effect. 
  
 16.  Reports.    Individual accounts will be maintained for each participant in this Plan. Each participant shall receive promptly
after the end of each Purchase Period a report of his or her account setting forth the total payroll deductions accumulated, the number of shares purchased, the per share price thereof and the remaining cash balance, if any, carried forward to the
next Purchase Period or Offering Period, as the case may be. 
  
 17.  Notice of
Disposition.    Each participant shall notify the Company in writing if the participant disposes of any of the shares purchased in any Offering Period pursuant to this Plan if such disposition occurs within two (2) years from
the Offering Date or within one (1) year from the Purchase Date on which such shares were purchased (the “Notice Period”). The Company may, at any time during the Notice Period, place a legend or legends on any certificate
representing shares acquired pursuant to this Plan requesting the Company’s transfer agent to notify the Company of any transfer of the shares. The obligation of the participant to provide such notice shall continue notwithstanding the
placement of any such legend on the certificates. 
  
 18.  No Rights to Continued
Employment.    Neither this Plan nor the grant of any option hereunder shall confer any right on any employee to remain in the employ of the Company or any Participating Subsidiary, or restrict the right of the Company or any
Participating Subsidiary to terminate such employee’s employment. 
  
 19.  Equal Rights And
Privileges.    All eligible employees shall have equal rights and privileges with respect to this Plan so that this Plan qualifies as an “employee stock purchase plan” within the meaning of Section 423 or any
successor provision of the Code and the related regulations. Any provision of this Plan which is inconsistent with Section 423 or any successor provision of the Code shall, without further act or amendment by the 

 
 6 

  
 IGN Entertainment, Inc. 
  
 2000 Employee Stock Purchase Plan 
  
 Company, the Committee or
the Board, be reformed to comply with the requirements of Section 423. This Section 19 shall take precedence over all other provisions in this Plan. 
  
 20.  Notices.    All notices or other communications by a participant to the Company under or in connection with this Plan shall be deemed to have been duly given
when received in the form specified by the Company at the location, or by the person, designated by the Company for the receipt thereof. 
  
 21.  Term; Stockholder Approval.    After this Plan is adopted by the Board, this Plan will become effective on the First Offering Date (as defined above). This Plan shall be approved by
the stockholders of the Company, in any manner permitted by applicable corporate law, within twelve (12) months before or after the date this Plan is adopted by the Board. No purchase of shares pursuant to this Plan shall occur prior to such
stockholder approval. This Plan shall continue until the earlier to occur of (a) termination of this Plan by the Board (which termination may be effected by the Board at any time), (b) issuance of all of the shares of Common Stock reserved for
issuance under this Plan, or (c) ten (10) years from the adoption of this Plan by the Board. 
  
 22.  Designation of Beneficiary. 
  
 (a)  A participant may file a written
designation of a beneficiary who is to receive any shares and cash, if any, from the participant’s account under this Plan in the event of such participant’s death subsequent to the end of an Purchase Period but prior to delivery to him of
such shares and cash. In addition, a participant may file a written designation of a beneficiary who is to receive any cash from the participant’s account under this Plan in the event of such participant’s death prior to a Purchase Date.

  
 (b)  Such designation of beneficiary may be changed by the participant at any time by written notice.
In the event of the death of a participant and in the absence of a beneficiary validly designated under this Plan who is living at the time of such participant’s death, the Company shall deliver such shares or cash to the executor or
administrator of the estate of the participant, or if no such executor or administrator has been appointed (to the knowledge of the Company), the Company, in its discretion, may deliver such shares or cash to the spouse or to any one or more
dependents or relatives of the participant, or if no spouse, dependent or relative is known to the Company, then to such other person as the Company may designate. 
  
 23.  Conditions Upon Issuance of Shares; Limitation on Sale of Shares.    Shares shall not be issued with respect to an option unless
the exercise of such option and the issuance and delivery of such shares pursuant thereto shall comply with all applicable provisions of law, domestic or foreign, including, without limitation, the Securities Act, the Securities Exchange Act of
1934, as amended, the rules and regulations promulgated thereunder, and the requirements of any stock exchange or automated quotation system upon which the shares may then be listed, and shall be further subject to the approval of counsel for the
Company with respect to such compliance. 
  
 24.  Applicable Law.    The Plan
shall be governed by the substantive laws (excluding the conflict of laws rules) of the State of California. 
  
 25.  Amendment or Termination of this Plan.    The Board may at any time amend, terminate or extend the term of this Plan, except that any such termination cannot affect options previously granted
under this Plan, nor may any amendment make any change in an option previously granted which would adversely affect the right of any participant, nor may any amendment be made without approval of the stockholders of the Company obtained in
accordance with Section 21 above within twelve (12) months of the adoption of such amendment (or earlier if required by Section 21) if such amendment would: 
  
 (a)  increase the number of shares that may be issued under this Plan; or 
  
 (b)  change the designation of the employees (or class of employees) eligible for participation in this Plan. 
  
 Notwithstanding the foregoing, the Board may make such amendments to the Plan as the Board 

 
 7 

  
 IGN Entertainment, Inc. 
  
 2000 Employee Stock Purchase Plan 
  
 determines to be
advisable, if the continuation of the Plan or any Offering Period would result in financial accounting treatment for the Plan that is different from the financial accounting treatment in effect on the date this Plan is adopted by the Board.

  

 
 8VSTORE TERMS OF AGREEMENT

This agreement ("Agreement") contains the complete terms and conditions that
apply to your participation in the VSTORE Virtual Storefront Network. As used in
this Agreement:

* "VSTORE," "we," "us," and "our" refer to Vstore, Inc.;

* "you" and "your" refer to you, the manager of the Storefront (defined below)
that is the subject of this Agreement;

* "VSTORE Virtual Storefront" and "Storefront" refer to the online, configurable
storefront hosted and maintained by VSTORE through which you will sell Products
(defined below) to customers;

* "VSTORE Virtual Storefront Network" and "Network" refer collectively to all
Storefronts and other software, including but not limited to the VSTORE web site
(located at http://www.vstore.com/), owned, hosted, and maintained by VSTORE or
its designees;

* "Your Web Sites" refer to web pages and sites, excluding the Storefront, on
which you have permission to display images, text, information, or other
materials;

* "Your Content" refers to the images, text, information, and other materials
you upload to the Storefront; and

* "Your Storefront Name" refers to the name you choose to give the Storefront,
subject to the terms and conditions set forth below.

1.  Storefront.

Subject to the terms and conditions of this Agreement, VSTORE will use
commercially reasonable efforts to make available to you an online means (the
"Administration Tool") to configure and manage a Storefront that will be stored
on and operated from the server(s) of VSTORE or its designees. Through the
Administration Tool, you will be able to select one or more items or categories
of merchandise distributed by VSTORE ("Products") to make available through the
Storefront. For each Product listed on the Storefront, VSTORE will display a
short description, review, or other reference pertaining to that Product, as
well as pricing, shipping, and other information. VSTORE will be responsible for
the content, style, and placement of these references, and will provide a
special link from each such reference to the corresponding VSTORE online catalog
entry. Each link will connect directly to a single item in our online catalog
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2.  Order Processing.

As between you and VSTORE, VSTORE and/or its designees will be responsible for
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processing customer payments, cancellations, and returns, tracking Product sales
through the Storefront, providing you with online reports (in a form subject to
VSTORE's discretion) summarizing such sales activity, and providing you and
Storefront customers with customer

                                       1
<PAGE>

service. VSTORE reserves the right to reject any customer order if it does not
comply with VSTORE's ordering requirements (subject to modification by VSTORE)
or for any other reason.

3.  Referral Fees.

VSTORE will pay you referral fees on Qualifying Product Sales to Storefront
customers. For a Product sale to be deemed a Qualifying Product Sale, the
applicable customer must follow a special link (as specified and implemented by
VSTORE) from the Storefront to the ordering means generated by VSTORE; purchase
the Product using VSTORE's automated ordering system; accept delivery of the
Product at the customer's shipping destination; and remit full payment to VSTORE
or its designees. For a referral fee to be paid to you on any Qualifying Product
Sale, the return period (typically 30 days) will have to have expired since the
date of the purchase. Your referral fees will equal a percentage of the Sale
Price of each Product whose sale is deemed a Qualifying Product Sale. ("Sale
Price" means the price at which Products are sold to customers through the
Storefront as determined solely by VSTORE, and excludes shipping and handling
costs and taxes.) Actual percentages vary by Product. VSTORE reserves the right
to change this referral fee, to propose alternate fee schedules, or to establish
different fee schedules for particular Products at any time, in accordance with
Section 17 below.

4.  Fee Payment.

VSTORE will pay you accrued referral fees on a quarterly basis. Approximately 45
days following the end of each calendar quarter, VSTORE will send you a check
for any referral fees you have earned, as described above, on Qualifying Product
Sales completed during that quarter; provided, however, that if the fees payable
to you for any calendar quarter are less than ten dollars ($10.00), VSTORE may
hold those fees until either the total amount due is at least ten dollars
($10.00) or this Agreement is terminated, whichever is earlier. If this
Agreement is terminated by VSTORE in the event of your breach, VSTORE may
withhold your referral fees at least until any dispute regarding your breach of
this Agreement is resolved. It is your responsibility throughout the term to
provide Vstore with your current mailing address, and you acknowledge that
Vstore cannot be responsible for any payment if you do not provide us with such
a current address. You agree to pay all federal, state, and local sales,
personal property, and other taxes (excluding taxes on VSTORE's income) arising
as a result of this Agreement.

5.  Policies and Pricing.

Because customers who purchase Products through the Storefront will be deemed
customers of VSTORE, (a) all VSTORE requirements, policies, and operating
procedures will apply to those customers, and (b) all data collected through the
Storefront, including but not limited to customer Product purchase information,
are and

                                       2
<PAGE>

shall remain solely the property of VSTORE. VSTORE reserves the right to change
its policies and operating procedures concerning Product pricing or any other
matter at any time and for any reason. Product prices and availability may vary
from time to time. VSTORE will use commercially reasonable efforts to provide
accurate information regarding Products, but does not guarantee the price or
availability of, or the accuracy of any information regarding, any Product.

6. VSTORE Trademarks.

If you wish to use the VSTORE trade name, trademark, and/or associated logo
(collectively the "Marks") to promote your Storefront or for any other reason,
please email VSTORE customer service at customerservice@vstore.com and request
permission to do so. If VSTORE notifies you in writing that it is willing to
grant you such permission, the following trademark license shall apply: VSTORE
grants you, for the term of this Agreement, a royalty-free, nonexclusive,
nontransferable, nonsublicensable, limited, worldwide license to use the Marks
for the sole purpose of providing a hyperlink on Your Web Sites to the Vstore
Web Site, the Storefront, or the Products sold thereon. You acknowledge VSTORE's
ownership of the Marks and agree not to claim any ownership in such Marks. You
shall at no time adopt or use, without VSTORE's prior written consent, any
variation of the Marks, any mark (including without limitation Your Storefront
Name) incorporating any of the Marks, or any mark likely to be similar to or
confused with any of the Marks. Any and all goodwill arising from your use of
the Marks shall inure solely to the benefit of VSTORE, and neither during nor
after the termination of this Agreement shall you assert any claim to the VSTORE
Marks or associated goodwill. You agree to cooperate fully with VSTORE to ensure
proper and appropriate usage of the Marks, including but not limited to
adherence to VSTORE's standard usage guidelines, as may be modified from time to
time. VSTORE reserves the right to revoke your limited license in the Marks at
any time upon prior written notice, and any license granted pursuant to this
Section 6 shall terminate upon termination of this Agreement.

7.  Storefront Promotion.

It is your sole responsibility, and not VSTORE's, to promote the Storefront. Any
and all promotional activities you undertake will be subject to the terms and
conditions of this Agreement, and to any other guidelines governing Storefront
promotion that may be established and modified from time to time by VSTORE
(VSTORE's current promotional guidelines are available through the
administration system). If you promote individual Products sold through the
Storefront, whether on the Storefront itself, on Your Web Sites, or in any other
manner, you will be solely responsible for any information you make available in
connection with such Product(s) (including any difference between the actual
price of the Product(s) as generally made available by VSTORE and the price at
which you promote such Product(s)) and any customer's reliance on that
information.

                                       3
<PAGE>

8.  Storefront Ownership.

You acknowledge and agree that VSTORE is and shall remain the owner of the
Network, the Storefront, and any and all component parts thereof (excluding Your
Content and Your Storefront Name), including but not limited to any intellectual
property rights therein. Except as otherwise expressly set forth in this
Agreement, you agree not to copy, reverse engineer, disassemble, decompile,
modify, or translate all or any part of the VSTORE Web Site, the Network, or the
Storefront, provided that you may modify the Storefront as permitted through the
use of the Administration Tool. You agree not to create a network of virtual
storefronts that directly competes with the VSTORE Virtual Storefront Network,
as defined above.

9.  Your Content and Your Storefront Name.

VSTORE acknowledges that, as between you or your licensors and VSTORE, you or
your licensors own Your Content and Your Storefront Name. Nevertheless, because
you understand that VSTORE needs certain limited rights in such materials to
make the Network available to the public, by uploading Your Content to the
Storefront using the Administration Tool you grant VSTORE the worldwide,
royalty-free, transferable, NONEXCLUSIVE right and license to use, reproduce,
distribute, transmit, display, modify, adapt, prepare derivative works of, and
perform Your Content and Your Storefront Name for the purpose of operating the
Storefront and the Network as a whole. YOU ACKNOWLEDGE AND AGREE THAT YOU ARE
SOLELY RESPONSIBLE FOR YOUR CONTENT (INCLUDING WITHOUT LIMITATION ANY
REPRESENTATIONS, WARRANTIES, PRICES, CONTACT INFORMATION, OR OTHER INFORMATION
THAT YOU UPLOAD TO THE STOREFRONT) AND ALL CONSEQUENCES OF THE USE OF YOUR
CONTENT. You represent and warrant that Your Content and Your Storefront Name do
not infringe upon or violate the intellectual property rights or other rights of
any third party, that you have all necessary rights to grant VSTORE the
aforementioned rights in Your Content and Your Storefront Name, and that Your
Content and Your Storefront Name are not defamatory, libelous, obscene, or
otherwise illegal, and you agree that the burden of determining all such factors
rests solely with you. You also agree to provide us, upon our reasonable
request, with documentation confirming that you have all necessary rights to
grant VSTORE the aforementioned rights in Your Content and Your Storefront Name.
Because such a high volume of content is uploaded to our servers every day,
VSTORE does not pre-screen or monitor Your Content, but you acknowledge and
agree that we shall have the right (but not the obligation) in our sole
discretion to refuse or remove all or part of Your Content from the Storefront,
and to block the Storefront or remove it from the Network, if in our reasonable
discretion you are in violation of the terms of this Agreement or the VSTORE
Code of Conduct (available at http://www.vstore.com/admin).

                                       4
<PAGE>

10.  Specifically Prohibited Activities.

Without limiting any other provision of this Agreement:

- Because you will not be responsible for any aspect of order processing or
fulfillment, you agree not to make any statement, whether on Your Web Sites, the
Storefront, or otherwise, representing or implying that you are responsible for
order processing or fulfillment; and

- Because you understand that federal and state laws seek to protect consumers
from misleading advertising, you agree not to make any statement, whether on
Your Web Sites, the Storefront, or otherwise, that could be interpreted as a
representation or warranty regarding any Product.

11.  Acknowledgments.

By agreeing to these terms and conditions, you represent that you are at least
18 years old and are authorized to enter into this Agreement, are entering into
this Agreement on your own behalf, have independently evaluated the desirability
of entering into this Agreement, and are not relying on any representation,
guarantee, or statement other than as expressly set forth in this Agreement. You
acknowledge that nothing in this Agreement should be construed as guaranteeing
the purchase of any Product, or the generation of any referral fees from your
operation of the Storefront. You represent and warrant that the Storefront will
not be used in connection with any illegal purpose. At any time upon request by
VSTORE, you agree to sign a non- electronic version of this Agreement.

12.  Nondisclosure.

You acknowledge that during the term of this Agreement you may obtain
confidential and/or proprietary information relating to VSTORE, the Network,
and/or the Storefront ("Proprietary Information"). Such Proprietary Information
shall belong solely to VSTORE. Proprietary Information shall not include
information that is or becomes publicly known through no wrongful act of your
own or of other members of the Network. You shall not disclose Proprietary
Information to third parties without the prior written consent of VSTORE, and
you agree to undertake reasonable measures to ensure that the Proprietary
Information is kept confidential. You also agree to report immediately to VSTORE
any unauthorized disclosure of Proprietary Information of which you have
knowledge. You acknowledge and agree that, due to the unique nature of the
Network, the Storefront, and any Proprietary Information, there can be no
adequate remedy at law for any breach of your obligations hereunder; that any
such breach may allow you or third parties to unfairly compete with VSTORE
resulting in irreparable harm to VSTORE; and therefore that, upon any such
breach or threat thereof, VSTORE shall be entitled to injunctions and other
appropriate equitable relief in addition to whatever remedies it may have at
law.

                                       5
<PAGE>

13.  Warranty Disclaimer.

VSTORE has no control over the conditions under which you configure, operate,
manage, or otherwise use or interact with the Storefront, and does not and
cannot warrant the results obtained or not obtained by such use or interaction.
VSTORE DOES NOT WARRANT THAT YOUR USE OF OR INTERACTION WITH THE NETWORK OR THE
STOREFRONT WILL BE UNINTERRUPTED OR THAT THE OPERATION OF THE NETWORK OR THE
STOREFRONT WILL BE ERROR-FREE OR SECURE. VSTORE DISCLAIMS ALL WARRANTIES,
EXPRESS OR IMPLIED, RELATING TO THE NETWORK, THE STOREFRONT, OR ANY PRODUCT SOLD
THROUGH THE NETWORK OR THE STOREFRONT, INCLUDING, BUT NOT LIMITED TO ANY
WARRANTIES AGAINST INFRINGEMENT OF THIRD PARTY RIGHTS, MERCHANTABILITY AND
FITNESS FOR A PARTICULAR PURPOSE, AND ANY IMPLIED WARRANTIES ARISING OUT OF A
COURSE OF PERFORMANCE, DEALING, OR TRADE USAGE. YOU ACKNOWLEDGE THAT THE
NETWORK, THE STOREFRONT, AND ALL COMPONENT PARTS THEREOF ARE PROVIDED "AS IS"
AND MAY NOT BE FUNCTIONAL ON ANY MACHINE OR IN ANY ENVIRONMENT. YOU ASSUME ALL
RISK OF THE USE, QUALITY, AND PERFORMANCE OF THE NETWORK AND THE STOREFRONT. YOU
FURTHER ACKNOWLEDGE THAT VSTORE BEARS NO RESPONSIBILITY FOR (A) ANY PRODUCT, (B)
THE PURCHASE OF (OR INABILITY TO PURCHASE) ANY PRODUCT, OR (C) YOUR CONTENT (AS
DEFINED HEREIN) OR ANY THIRD PARTY'S RELIANCE THEREON. YOU AGREE THAT ANY
DISPUTE REGARDING ANY PRODUCT SHALL BE DIRECTED TO THE MANUFACTURER OR SUPPLIER
OF THE PRODUCT, AND NOT TO VSTORE.

14.  Limitation of Remedies and Damages.

IN NO EVENT SHALL VSTORE, ITS SUBSIDIARIES OR AFFILIATES, OR ANY OF THEIR
RESPECTIVE DIRECTORS, OFFICERS, EMPLOYEES, SUPPLIERS AND/OR AGENTS BE
RESPONSIBLE OR LIABLE FOR ANY LOST PROFITS OR FOR ANY INDIRECT, INCIDENTAL,
CONSEQUENTIAL, SPECIAL, EXEMPLARY, PUNITIVE OR OTHER DAMAGES (EVEN IF THEY HAVE
BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES) UNDER ANY CONTRACT, NEGLIGENCE,
STRICT LIABILITY OR OTHER THEORY ARISING OUT OF OR RELATING IN ANY WAY TO THE
NETWORK, THE STOREFRONT, ANY PRODUCT, THE USE OF ANY PRODUCT, OR ANY OTHER
SUBJECT MATTER OF THIS AGREEMENT. VSTORE SHALL NOT BE LIABLE FOR ANY LOSS OR
DAMAGE CAUSED BY DELAY IN FURNISHING ANY PERFORMANCE UNDER THIS AGREEMENT. YOUR
SOLE REMEDY FOR DISSATISFACTION WITH THE NETWORK OR THE STOREFRONT IS TO
TERMINATE THIS AGREEMENT PURSUANT TO SECTION 18 BELOW. IN NO EVENT SHALL
VSTORE'S LIABILITY EXCEED THE TOTAL AMOUNT OF REFERRAL FEES PAID TO YOU
HEREUNDER.

15.  Indemnification.

You agree to indemnify and hold VSTORE and its subsidiaries, affiliates,
suppliers, and agents harmless against any and all claims, damages, losses,
costs or other expenses (including reasonable attorneys' fees) that arise
directly or indirectly out of (a) your breach of this Agreement, (b) your use of
the Storefront or Network, (c)

                                       6
<PAGE>

your use or misuse of the Marks, including but not limited to your causing to be
transmitted unsolicited bulk e- mail that refers to VSTORE, the Storefront, or
the Network, or (d) Your Content or Your Storefront Name, including but not
limited to any claim that Your Content or Your Storefront Name infringes upon
the intellectual property rights or other rights of any third party, or is
defamatory, libelous, obscene, or otherwise illegal.

16.  Breach of Security.

If you have reason to believe that your account with VSTORE is no longer secure
(for example, in the event of a loss, theft or unauthorized disclosure or use of
your VSTORE ID or password), you must promptly change your VSTORE password using
the Administration Tool and immediately notify VSTORE of the problem by notice
given as described in Section 21 of this Agreement, to minimize the possibility
of any unauthorized changes to or use of your member information or the
Storefront.

17.  Modification.

VSTORE reserves the right to modify any of the terms and/or conditions of this
Agreement, at any time and at VSTORE's sole discretion, by posting a change
notice or a new agreement on our web site. Any modification shall take effect
three (3) days following our posting of a change notice or new agreement on the
Vstore Web Site. You agree to periodically review the VSTORE Web Site for
modifications to this Agreement. IF ANY MODIFICATION IS UNACCEPTABLE TO YOU,
YOUR SOLE RECOURSE IS TO TERMINATE THIS AGREEMENT PURSUANT TO SECTION 18 BELOW.
YOUR CONTINUED OPERATION OF THE STOREFRONT FOLLOWING VSTORE'S POSTING OF A
CHANGE NOTICE OR NEW AGREEMENT AT THE VSTORE WEB SITE WILL BE DEEMED ACCEPTANCE
OF SUCH CHANGE NOTICE OR NEW AGREEMENT.

18.  Termination.

This Agreement shall be effective upon the date on which VSTORE provides you
with access to the Storefront and Administration Tool. This Agreement may be
terminated as follows: (i) by you, at any time and for any reason, by providing
VSTORE with notice in accordance with Section 21 below; (ii) by VSTORE, at any
time and for any reason, by providing you with fifteen (15) days advance notice
in accordance with Section 21 below; or (iii) by VSTORE immediately upon notice
to you in the event of any breach by you of the terms of this Agreement or the
VSTORE Code of Conduct (available at http://www.vstore.com/admin), or upon your
insolvency, bankruptcy, suspension of business, assignment of assets for the
benefit of creditors, voluntary dissolution, or appointment of a trustee for all
or any substantial portion of your assets. Upon any termination of this
Agreement your access to the Administration Tool will terminate, and you will
immediately destroy or erase all copies of any Proprietary Information and, upon
VSTORE's request, promptly confirm destruction of same by signing and returning
to VSTORE an "affidavit of destruction" acceptable to VSTORE.

                                       7
<PAGE>

19.  Survival of Certain Provisions.

Sections 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, and 22
hereof shall survive the termination of this Agreement for any reason.

20.  General.

This Agreement expresses the entire understanding and Agreement between the
parties, and supersedes any and all prior or contemporaneous agreements,
understandings, or contracts, written or oral, entered into between you and
VSTORE with respect to the subject matter hereof. This Agreement may not be
modified except by a writing signed by an authorized representative of both
parties, or as set forth in Section 17 above. VSTORE's failure to enforce your
strict performance of any provision of this Agreement will not constitute a
waiver of VSTORE's right to subsequently enforce such provision or any other
provision of this Agreement. No waiver of any breach of this Agreement shall be
effective unless made in writing and signed by an authorized representative of
the waiving party. Neither your rights nor your obligations arising under this
Agreement are assignable or otherwise transferable by you (whether voluntarily
or by operation of law) without VSTORE's express written consent, and any such
prohibited assignment or transfer shall be void and without effect; provided
that if VSTORE should so consent in writing, the assignee shall be bound by all
of the terms and conditions of this Agreement. Notwithstanding the foregoing,
VSTORE may assign and/or delegate any or all of its rights or obligations
hereunder without your consent. You and VSTORE are independent contractors, and
nothing in this Agreement shall create or be construed to create any
partnership, joint venture, agency, franchise, sales representative, or
employment relationship between the parties. Except as otherwise provided in
this Agreement, neither party shall have the right, power, or authority to act
or to create any obligation, express or implied, on behalf of the other. You
will have no authority to make or accept any offers or representations on
VSTORE's behalf. This Agreement is entered into in the State of New York,
U.S.A., and shall be governed by and construed under the substantive laws of the
State of New York, U.S.A., exclusive of its choice-of-law rules. You expressly
consent to (a) the exclusive jurisdiction of the federal and state courts within
the County of New York in the State of New York, U.S.A., over any dispute
arising out of this Agreement, and waive any improper venue or inconvenient
forum objections thereto, and (b) service of process being effected upon you by
registered or certified mail sent to the most current address for you on file
with VSTORE. If either party is required to retain the services of an attorney
to enforce or otherwise litigate or defend any matter or claim arising out of or
in connection with this Agreement, then the prevailing party will be entitled to
recover from the other party, in addition to any other relief awarded or
granted, its reasonable costs and expenses (including attorneys' fees) incurred
in the proceeding. If any provision of this Agreement is found invalid or
unenforceable under judicial decree or decision, the remainder will remain valid
and enforceable according to its terms.

                                       8
<PAGE>

21.  Notice.

Unless otherwise provided herein, any notices required or permitted under this
Agreement shall be sent to VSTORE by e-mail to customerservice@vstore.com, with
a hard copy sent to VSTORE by registered or certified mail or by express,
overnight delivery, addressed to Vstore, Inc., 1351 Washington Boulevard, Suite
500, Stamford, CT 06902, ATTN: Customer Service (or at such other address as
VSTORE may from time to time notify you); any notices required or permitted
under this Agreement shall be sent to you at your most current address on file
with VSTORE, or by e-mail to your most current e-mail address on file with
VSTORE, or by posting a message on the VSTORE Web Site in a section entitled
"Legal Information" (or similar title). All notices and demands shall be deemed
complete upon receipt.

22.  Export Controls.

You acknowledge that none of the Proprietary Information may be downloaded,
transferred or otherwise exported or re-exported (a) into (or to a national or
resident of) Cuba, Iran, Iraq, Libya, North Korea, Sudan, Syria or any other
country to which the United States has embargoed goods; or (b) to anyone on the
U.S. Treasury Department's list of Specially Designated Nationals or the U.S.
Commerce Department's Table of Denial Orders. You represent and warrant that you
are not located in, under the control of, or a national or resident of any such
country or on any such list.

                                       9
<PAGE>

                            VSTORE.COM PRIVACY POLICY

We at Vstore.com have created this privacy statement to demonstrate our firm
commitment to individual privacy. The following document discloses our
information-gathering and dissemination practices for this site:
http://www.vstore.com.Please review the following for more details about our
privacy policy.

PERSONAL INFO & ITS USE

Vstore.com uses your IP address to help diagnose problems with our server and to
administer our Web site. Your IP address is used to help identify you and your
shopping cart and to gather broad demographic information. Our site uses cookies
to keep track of your shopping cart. We also use cookies to deliver content
specific to your interests. Our site's registration form requires users to give
us contact information (a valid email address), unique identifiers (a password),
financial information (an account or credit card number), and demographic
information (such as a zip code, age, or income level).
We do not market, sell, or trade this information to any outside companies. In
some instances, we may share some of this information with certain Marketing
Partners. A customer's contact information is also used when we need to contact
them.

Vstore.com gathers demographic information in order to help evolve our business
model. At no time do we sell any personal information, but we may share that
information with Business Partners. We may, at times, use the demographic
information gathered as a marketing or promotional tool. When we do that, we
will make sure it remains entirely anonymous.

Vstore.com also allows you to create an account with Vstore.com in order to
simplify your purchase process at any store. Any information that you supply
when creating an account will be held in the strictest confidence. It will only
be used to manage the payment and shipment of your orders. Vstore.com does not
share any private financial information about its customers with any outside
company or agency unless required by law. We may share other information with
marketing partners.

OPT OUT

Vstore.com may conduct user surveys, run contests, and ask visitors for contact
information. Our site allows you to opt out of receiving communications from our
partners and us. These communications will cover a variety of topics, such as
changes in our Web site, promotions, or new services we think you might find
valuable. If you do not desire this information, you may opt out of receiving
any communication from our partners or us at the time we request information. If
you choose to opt out, log in to the Vstore.com Administration System and fill
out the feedback form.

LINKS

Pages at Vstore.com contain links to other sites. Vstore.com is not responsible
for the privacy practices or content of such Web sitesDELETE/DEACTIVATE

Vstore.com allows you to remove your information from our database in order not
to receive future communications. Please email Customer Service by logging in to
the Vstore.com Administration System and filling out the feedback form.

CHANGE/MODIFY

Vstore.com allows you to modify information previously provided. Please log in
to the Vstore.com Administration System and fill out the feedback form. Be sure
to indicate the exact nature of your modification. A Customer Service agent will
contact you in order to expedite your request with all deliberate speed.

SECURITY

The security of your data is of utmost importance to Vstore.com. Click here to
learn about our security guarantee.

CONTACTING VSTORE.COM

If you have any questions about this Privacy Statement, the practices of this
site, or your dealings with this Web site, click here to contact us.

Vstore.com is authorized by TRUSTe, the leading privacy seal program. TRUSTe is
an independent organization dedicated to building consumer trust and confidence
in the Internet. The TRUSTe seal is currently displayed on all of the Internet's
portal sites, 15 of the top 20 sites and approximately half of the top 100
sites. Since the summer of 1999, Nielsen/NetRatings has continuously rated
TRUSTe as the most visible symbol on the Internet.

                                       10
<PAGE>

                           VSTORE.COM CODE OF CONDUCT

Vstore.com encourages entrepreneurs to use all of their creativity and energy to
open, market, and make money from their online store. Vstore.com offers the
Vtailer everything they need to open their own store including: over 1 million
products to sell, customized store building system, hosting, customer service
support, order tracking, and credit card transaction management. All free!
Access to these powerful features and free services makes you an important part
of the online community, and as such, we ask that Vtailers conduct their
business responsibly by adhering to the following simple code of conduct.

STOREFRONT PROMOTIONS

         1Vstore.com believes in the ability of individuals to market their
         ideas and goods on the internet. In promoting their storefront, we ask
         our Vtailers to act responsibly and follow through with any
         representation they offer to their customers.

         2Vstore.com explicitly prohibits obscene or illegal activities, and
         promotions on storefronts that are not suitable for minors. Vtailers
         who do not abide by this code of conduct will have their store(s)
         removed and account closed.

         3Periodically, Vstore.com will offer the Vtailer promotional
         opportunities to help market their store and grow their customer base.
         If Vtailers choose to take part in these promotions, they need to
         adhere to the terms and conditions of each promotion set by Vstore.com.

         ANTI-SPAMMING POLICYVSTORE DOES NOT ENDORSE "SPAMMING!"

         Spamming has become a major problem for the Internet. It threatens the
         existence of many legitimate and worthwhile ventures on the Internet
         and abuses the time and resources of those on the receiving end.

         Spamming means sending unsolicited email to persons with whom you have
         no relationship and/or who have not requested your information.

         Spamming is bad marketing. When someone sends out spam, it only serves
         to aggravate those who receive it.

                                       11
<PAGE>

         SPAMMING WILL RESULT IN THE TERMINATION OF YOUR VSTORE ACCOUNT AND
         FORFEITURE OF ANY AND ALL COMMISSIONS.

         Please do not Spam! There are many other ways to promote your Vstore on
         the internet. All "spam" messages which reference the vstore.com domain
         are forwarded directly to our attention and the "spammer" will have
         their store front deleted and forfeit any and all commissions.

         UPLOADING CONTENT

         1Vstore.com provides Vtailers with design and promotional elements to
         help them maximize their effectiveness in generating sales and
         commissions. In order to give customers the best shopping experience
         possible, we advise against the uploading of products and banner
         advertising that is not explicitly handled by Vstore.com.

         2If the Vtailer decides to do so, we ask that Vtailers clearly position
         that the products and/or advertising are not associated with, or
         "fulfilled by", Vstore.com. We request Vtailers to act responsibility
         and stand behind all representations or claims made regarding all their
         products and advertising.

         COMMUNICATION

         1Clear, open communication is the backbone of the internet. Vstore.com
         provides full customer support to handle all interactions between
         customer and merchant. If, however, Vtailers decide to communicate with
         customers via email, phone, or other methods of communication, we
         encourage our Vtailers to represent themselves in a friendly,
         professional, trustworthy and honest manner.

         2Vtailers should clearly represent only themselves and not Vstore.com
         during open communications with customers.

         3We encourage Vtailers to view our privacy policy which is based on the
         industry standard, providing guidelines for safe and secure email
         marketing activities.

         LOGO

         1Vstore.com allows Vtailers the use of our logo for their promotional
         purposes. We ask that Vtailers email Vstore.com for prior approval,
         clearly stating their intended use of the logo. Contact us at
         vtaileradmin@vstore.com.

                                       12

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