Document:

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                               REGISTER.COM, INC.
                            STOCK ISSUANCE AGREEMENT

                  AGREEMENT made this 28th day of June 2001, to be effective as
of June 28th, 2001 by and between Register.com, Inc., a Delaware corporation,
and Rajiv Samant, a Participant in the Corporation's 2000 Stock Incentive Plan.

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

         A.       PURCHASE OF SHARES

                  1. Purchase. Participant hereby purchases 15,420 shares of
Common Stock (the "Purchased Shares") pursuant to the provisions of the Stock
Issuance Program at the purchase price of $0.0001 per share (the "Purchase
Price").

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

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

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

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

         B.       TRANSFER RESTRICTIONS

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

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

                        "The shares represented by this certificate are unvested
            and subject to certain repurchase rights granted to the Corporation
            and accordingly may not be sold, assigned, transferred, encumbered,
            or in any manner disposed of except in conformity with the terms of
            a written agreement dated June 28, 2001 between the Corporation and
            the registered holder of the shares (or the predecessor in interest
            to the shares). A copy of such agreement is maintained at the
            Corporation's principal corporate offices."

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

         C.       REPURCHASE RIGHT

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

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

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

         The Participant will vest in 100% of the Purchased Shares on June 28,
2004.

         Vesting will cease on the date of Participant's cessation of Service;
provided, however, that if the Company terminates Participant's employment
without Cause, or if the Participant

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resigns his employment with the Company for Good Reason, the Repurchase Right
shall lapse according to the schedule set forth in paragraph 10 of the Letter
Agreement.

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

                  5. Change in Control.

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

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

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

         D.       SPECIAL TAX ELECTION

                  1. Section 83(b) Election. Under Code Section 83, the excess
of the fair market value of the Purchased Shares on the date any forfeiture
restrictions applicable to such shares lapse over the Purchase Price paid for
such shares will be reportable as ordinary income on the lapse date. For this
purpose, the term "forfeiture restrictions" includes the right of the
Corporation to repurchase the Purchased Shares pursuant to the Repurchase Right.
Participant may elect under Code Section 83(b) to be taxed at the time the
Purchased Shares are acquired, rather than when and as such Purchased Shares
cease to be subject to such forfeiture restrictions. Such election must be filed
with the Internal Revenue Service within thirty (30) days after the date of this
Agreement. Even if the fair market value of the Purchased Shares on the date of
this

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Agreement equals the Purchase Price paid (and thus no tax is payable), the
election must be made to avoid adverse tax consequences in the future. THE FORM
FOR MAKING THIS ELECTION IS ATTACHED AS EXHIBIT II HERETO. PARTICIPANT
UNDERSTANDS THAT FAILURE TO MAKE THIS FILING WITHIN THE APPLICABLE THIRTY
(30)-DAY PERIOD WILL RESULT IN THE RECOGNITION OF ORDINARY INCOME AS THE
FORFEITURE RESTRICTIONS LAPSE.

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

         E.       GENERAL PROVISIONS

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

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

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

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

                  5. Cancellation of Shares. If the Corporation shall make
available, at the time and place and in the amount and form provided in this
Agreement, the consideration for the Purchased Shares to be repurchased in
accordance with the provisions of this Agreement, then from and after such time,
the person from whom such shares are to be repurchased shall no longer have any
rights as a holder of such shares (other than the right to receive payment of
such consideration in accordance with this Agreement). Such shares shall be
deemed purchased in accordance with the applicable provisions hereof, and the
Corporation shall be deemed the owner

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and holder of such shares, whether or not the certificates therefor have been
delivered as required by this Agreement.

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

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

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

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

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

                                    REGISTER.COM, INC.
                                    By:        /s/ Richard D. Forman
                                               ---------------------------------
                                               Richard D. Forman
                                    Title:     President, Chief Executive
                                               Officer and Chairman of the
                                               Board of Directors
                                               ---------------------------------

                                    Address:   585 Eighth Avenue, 11th Floor
                                               ---------------------------------
                                               New York, NY 10018
                                               ---------------------------------
                                               /s/ Rajiv B. Samant
                                               ---------------------------------
                                               Rajiv Samant
                                               PARTICIPANT
                                    Address:
                                               ---------------------------------

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

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                                    APPENDIX

                  The following definitions shall be in effect under the
Agreement:

         A.       Agreement shall mean this Stock Issuance Agreement.

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

         C.       Cause shall have the meaning set forth in paragraph 9 of the
Letter Agreement.

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

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

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

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

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

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

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

         H.       Good Reason shall have the meaning set forth in paragraph 9
of the Letter Agreement.

         I.       Letter Agreement shall mean the Letter Agreement of
Employment, dated June 11, 2001, between the Corporation and the Rajiv Samant.

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

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

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

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

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

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

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

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

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

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

         T. Service shall mean the Participant's performance of services for the
Corporation (or any Parent or Subsidiary) in the capacity of an employee,
subject to the control and direction of the employer entity as to both the work
to be performed and the manner and method of performance, a non-employee member
of the board of directors or a consultant.

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

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

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

<PAGE>

         X.       Unvested Shares shall have the meaning assigned to such term
in Paragraph C.1.<PAGE>

                                                       Start Date: June 28, 2001

Rajiv Samant
12 West Brother Drive
Greenwich, CT 06830

RE:      Letter Agreement of Employment

This will confirm our offer of employment and the terms of your employment by
Register.com, Inc. (the "Company" or "Employer").

         1. Position and Duties. You will be employed by the Company as an "at
will" employee, with the title of Chief Operating Officer. Your duties will be
as directed by the Chief Executive Officer, and you will report directly to the
Chief Executive Officer of the Company. You will devote your full business time
to your duties to the Company, provided, however, that you may devote time to
charitable and personal investment activities as well as to serving on corporate
boards of directors, as long as such activities are non-competitive to the
business of the Company, and do not interfere in the performance of your duties
to the Company. In addition, you must obtain prior written approval from the
Company before serving on corporate boards.

         2. Base Salary. You will be paid a base salary at the annual rate of
$250,000, payable on a bi-weekly basis, less applicable withholdings, based upon
full time employment with the Company and commencing on the date you start your
full time employment.

         3. Senior Executive Bonus. You will be eligible to receive an annual
senior executive bonus payable in February of each year based upon the Company's
performance against Company goals, as reasonably determined in good faith by the
Company, for the previous calendar year. Such goals shall be set no later than
the end of the first quarter of each calendar year during your employment after
2001. The value of the bonus for any particular year will be up to $150,000,
payable 50% in cash and 50% in fully-vested shares of common stock of the
Company which will be issued subject to the terms and conditions of a stock
issuance agreement which you must sign as a condition of receiving the shares.
The bonus to be paid in February of 2002, if any, will be pro-rated to reflect
the portion of service for calendar year 2001. For example, if you begin
employment on July 1, 2001, the maximum potential value of any bonus you may
receive for calendar year 2001 is $75,000. You must be actively employed by the
Company at such time to receive the senior executive bonus awarded to you. The
senior executive bonus is subject to applicable withholdings.

         4. Review. You will be reviewed annually during January or February of
each year during your employment. Your base salary, senior executive bonus
potential and fringe benefits

<PAGE>

shall not be reduced below the levels afforded to you at the start of your
employment unless all senior executives undergo substantially equivalent
reductions.

         5. Vacation and Benefits Packages. You will be eligible to participate
in the Company's standard vacation and benefit packages and all subsequent
revisions thereto as in effect from time to time. In no event, however, shall
you receive less than three weeks of vacation for every year that you work.
Therefore, your vacation allowance will accrue at the rate of 1.25 days per
month.

         6. Medical Insurance. You and your immediate family will be eligible to
participate in the firm's current medical insurance program immediately upon
your start date.

         7. Stock Options. Subject to approval of the Compensation Committee of
the Board of Directors, you shall receive the right (the "Option") to purchase
350,000 shares of common stock of the Company (the "Option Shares") at the
closing price of the Company's common stock on NASDAQ on the day the
Compensation Committee approves the grant. The Option shall be granted under the
terms set forth in the Stock Option Agreement which shall be substantially in
the form attached hereto as Exhibit A. The Option shall not vest nor be
exercisable until six months from the date that you commence full time
employment with the Company (the "Blackout Period"). At the expiration of the
Blackout Period, the Option shall vest and become exercisable in forty two (42)
monthly installments, according to the following schedule: eight thousand three
hundred thirty four (8,334) of the Option Shares in each of the first forty one
(41) monthly installments, and eight thousand three hundred and six (8,306) of
the Option Shares in the final monthly installment, as long as you remain
employed by the Company on such vesting dates. The Option is subject to the
standard terms and conditions of the Company's 2000 Stock Incentive Plan;
however, you understand that a portion of your stock options will most likely be
treated as non-qualified stock options (NQSOs). In the event you are terminated
without Cause, as defined below, or resign with Good Reason, as defined below,
within one year following a Change in Control, as defined in the Stock Option
Agreement, the Option shall accelerate, vest and become exercisable as if you
had continued to be employed for a six-month period subsequent to the date of
such termination or resignation.

         8. Restricted Stock Grant. Subject to approval of the Compensation
Committee of the Board of Directors, as of your start date you will be given the
opportunity to purchase, under our 2000 Stock Incentive Plan, a number of shares
of Company common stock equal to $200,000.00 divided by the closing price of our
stock on NASDAQ on your start date (the "Restricted Stock"). (The number of
shares will be rounded up, if necessary, to avoid the issuance of fractional
shares.) The purchase price will be equal to the par value of the shares. These
shares will be purchased subject to the Company's right to repurchase at the
purchase price which will expire on the third anniversary of your start date
assuming you are still employed by us on that date. This stock purchase will be
subject to the terms and conditions of a Stock Issuance Agreement, substantially
in the form attached hereto as Exhibit B, which you must sign as a condition of
receiving the shares. In exchange for an executed Promissory Note substantially
in the form attached hereto as Exhibit C, the Company will also loan you the
amount set forth in the Promissory Note, assuming you timely file an election
under Section 83(b) of the Internal Revenue Code in connection with the
Restricted Stock grant. The Company shall forgive the principal and interest due
under the Promissory Note in three equal annual

<PAGE>

installments, commencing on the first anniversary of your start date, provided
you remain employed by the Company on such dates. The unpaid principal and
interest due under the Promissory Note shall be forgiven in full should your
employment be terminated by the Company without Cause, as defined below, or by
you with Good Reason, as defined below.

         9. Employment Relationship. This Is Not A Contract of Employment for a
Specified Term. Notwithstanding any provision of this letter agreement, either
you or the Company can terminate our employment relationship at any time with or
without cause. Advance notice by either party is to be given to the other party
according to the following schedule:

            During the first three (3) months
               of your employment                           Fifteen (15) days
            After three (3) months of employment            Thirty (30) days

provided, however, the Company shall not be required to provide any prior notice
where your employment is being terminated for "Cause." In the event your
employment terminates pursuant to this section, the Company may elect to pay you
your salary and benefits in lieu of all or part of actual notice. For purposes
of this letter agreement, "Cause" is defined as (i) your material breach of the
terms of this letter agreement or your Proprietary Information, Inventions and
Non-Solicitation Agreement; (ii) your commission of any felony or conviction of
any crime not a felony involving moral turpitude, provided that commission of a
crime not a felony involving moral turpitude shall constitute Cause if the act
or acts committed cause material injury to the Company; (iii) your breach of a
fiduciary duty or material policy of the Company; (iv) your commission of a
dishonest act or common law fraud against the Company; (v) gross negligence or
willful misconduct in connection with your position, (vi) your continual failure
or refusal to perform any duties reasonably required in the course of your
employment as Chief Operating Officer (and/or President and/or Chief Executive
Officer); (vii) your refusal to take or fail to satisfactorily to complete any
screening test for illegal drugs and controlled substances that may be
administered; or (viii) your engagement in misconduct in bad faith which is
materially injurious to the Company. The Company will give you thirty (30) days'
written notice and opportunity to cure on one occasion prior to any termination
for Cause for grounds specified in (vi) above.

         10. Severance. Notwithstanding that your status would be as an at-will
employee, in the event the Company terminates your employment without Cause, or
you resign for "Good Reason" as defined below, at any time following the start
date of your employment, and contingent upon your executing and delivering to
the Company a general waiver and release, (a) the Company's right to repurchase
the Restricted Stock shall lapse as to a certain number of shares of Restricted
Stock, calculated as follows (the number of shares will be rounded up, if
necessary, to avoid determinations involving fractional shares): (i) if such
termination without Cause or resignation with Good Reason occurs during the
first six months of your employment, it shall lapse as to the total number of

<PAGE>

shares of Restricted Stock multiplied by a number equal to the sum of the number
of full months you have been employed plus six divided by 36; (ii) if such
termination without Cause or resignation with Good Reason occurs between six and
twelve months after your start date, it shall lapse as to one-third of the total
number of shares of Restricted Stock; and (iii) if such termination without
Cause or resignation with Good Reason occurs on or after the first anniversary
of your start date, it shall lapse as to the total number of shares of
Restricted Stock multiplied by a number equal to the number of full months you
have been employed divided by 36; and (b) you will be eligible to receive the
base salary in effect at the time of such termination or resignation for a
period of six (6) months from the effective date of such termination or
resignation according to the Company's normal payroll schedule. For the purposes
of this letter agreement, "Good Reason" is defined as (i) a change in your
reporting relationship so that you are required to report to anyone other than
the Chief Executive Officer, the Company's Board of Directors and/or a committee
thereof; (ii) a change in your title to other than President and/or Chief
Executive Officer; (iii) a relocation of your worksite to a location 50 miles or
more from its current location; (iv) a reduction in your base salary, bonus
potential or benefits, unless all other senior executives undergo substantially
equivalent reductions; or (v) the Company does not grant you the Option or the
Restricted Stock within 30 days of the start of your employment hereunder. You
must give the Company thirty (30) days' written notice and opportunity to cure
prior to any resignation for Good Reason for grounds specified in (i) through
(iv) above.

         11. PINN Agreement. Your employment is contingent upon your signing a
counterpart of this letter agreement and executing and delivering the
Proprietary Information, Inventions and Non-Solicitation Agreement in the form
attached hereto as Exhibit D.

         12. Governing Law. This letter agreement will be governed by the laws
of the State of New York, without reference to any conflicts of law principles,
and any action, suit or proceeding arising under or out of this agreement or any
of the transactions or relationships contemplated hereby will be resolved solely
in the state or federal courts located in New York County in the State of New
York. We both hereby submit to the jurisdiction of such court for such purpose.

         13. Complete Understanding. This letter represents your complete
understanding of the terms of employment that have been offered to you and you
are not relying on any discussions or agreements outside of this letter, other
than as indicated above. In addition, to the extent that any of the terms in the
Stock Issuance Agreement, Stock Option Agreement or Promissory Note are
inconsistent with the terms of this letter, the terms of this letter shall
control. Changes in the terms of your employment may be accomplished only
through a document signed by you and the Chief Executive Officer.

         14. Duration of Offer. The offer outlined herein expires if not
accepted in writing by countersignature below and delivery to the Company on or
prior to 9 A.M. Eastern Standard Time on June 11, 2001.

         15. If the above accurately reflects our agreement, kindly so signify
by signing the enclosed copy of this letter in the space provided below and
returning it to the undersigned.

Rajiv Samant                              Register.com, Inc.

/s/ Rajiv B. Samant                       /s/ Richard D. Forman

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