Document:

EXHIBIT 10.3

                                                                  Execution Copy

                              AMENDED AND RESTATED
                         BUSINESS OPPORTUNITY ALLOCATION
                      AND MISCELLANEOUS SERVICES AGREEMENT

                  THIS AGREEMENT (the "AGREEMENT"), made as of the 10th day of
November, 2000, by and between Change Technology Partners, Inc., a Delaware
corporation (the "COMPANY"), and FG II Ventures, LLC, a Delaware limited
liability company (formerly known as FG II Management Company, LLC) ("FG II").

                              W I T N E S S E T H:
                               - - - - - - - - - -

                  WHEREAS, the Company, formerly known as Arinco Computer
Systems Inc. and Pangea Internet Advisors LLC ("Pangea"), a Delaware limited
liability company and affiliate of FG II, have entered into an agreement, dated
March 28, 2000, relating to (i) the allocation to the Company of certain
investment opportunities identified by Pangea and FG II and their affiliates
(together, "FG II AFFILIATES") and (ii) the reimbursement by the Company of
certain amounts that may be incurred, paid or payable by Pangea with respect to
corporate headquarters expenses (the "PRIOR AGREEMENT");

                  WHEREAS, FG II, the Company and Pangea have agreed that FG II
will be substituted for Pangea in the Prior Agreement and will assume all of
Pangea's obligations and benefit from all of Pangea's rights under the Prior
Agreement;

                  WHEREAS, the Company has agreed to exclude certain investment
opportunities from the Referral Requirements (as hereinafter defined); and

                  WHEREAS, the Company, Pangea and FG II have agreed to amend
and restate the Prior Agreement to reflect their new understanding with respect
to the matters described above.

                  NOW, THEREFORE, in consideration of the premises and mutual
covenants contained herein, the parties hereto agree as follows:

                  1.       Investments in Target Businesses.

                           (a)      REFERRAL OF DEALS. FG II will refer to the
Company all opportunities outside of Europe, the Middle East and Africa for the
Company to acquire interests in business enterprises that are or propose to be
engaged in businesses relating primarily to the internet, e-commerce and related
technologies ("TARGET BUSINESSES") that any FG II Affiliate may investigate or
otherwise pursue for its own account or for funds with which they are affiliated
or other clients where either (i) the minimum amount

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                                                                               2

required to be allocated to the Company pursuant to Section 1(b) would be
$1,000,000 or more or (ii) where 50% of the amount of such opportunity could be
acquired for no less than $500,000 and such an acquisition would give the
Company "CONTROL" of the Target Business for purposes of Rule 3a-1(a)(4) under
the Investment Company Act of 1940, as amended (the "INVESTMENT COMPANY ACT"),
or any successor rule thereto ("RULE 3A-1(A)(4)"). The referral requirements of
this Section 1(a) (the "REFERRAL REQUIREMENTS") shall not apply to investments
in publicly traded securities not offered in a private placement. Any
opportunity for the Company to acquire interests in Target Businesses that any
FG II Affiliate may so investigate and that do not fall within the Referral
Requirements is referred to as an "OTHER OPPORTUNITY". The Company hereby
renounces any interest it may have in any Other Opportunity and renounces any
expectancy that any Other Opportunity be offered to it, such that, as a result
of such renunciation, any FG II Affiliate or any officer, director, member or
affiliate of any FG II Affiliate who is also an officer or direction of the
Company (A) shall have no duty to communicate or present such Other Opportunity
to the Company, shall have the right to hold such Other Opportunity for its or
its affiliates' (and the respective officers, directors, agents, shareholders,
members, partners, or subsidiaries of such affiliates) own account, or to
recommend, assign or transfer such Other Opportunity to persons other than the
Company and (B) shall not breach any duty it may have to the Company by reason
of the fact that such person pursues or acquires such Other Opportunity for
itself, directs, assigns or transfers such Other Opportunity to another person,
or does not communicate information regarding such Other Opportunity to the
Company.

                           (b)      ALLOCATION OF INVESTMENT OPPORTUNITIES. If
an opportunity to acquire a Target Business (or an interest therein) is
presented to a FG II Affiliate which is within the Referral Requirements, FG II
will refer such opportunity to the Company, and if one or more FG II Affiliates
or clients or affiliates of such FG II Affiliates (collectively, the "FG II
GROUP") wishes to participate in such acquisition, FG II shall allocate such
opportunity between the Company and the FG II Group on an equitable basis which
recognizes the objective of the Company to avoid being classified as an
investment company; PROVIDED, HOWEVER, that not less than 50% of the value of
the opportunity available to the FG II Group and the Company shall be offered to
the Company. Any portion of such opportunity allocated to the FG II Group shall
be deemed to be an "OTHER OPPORTUNITY" for purposes of Section 1(a). FG II shall
disclose in advance all such proposed allocations to the Company and, to the
extent necessary for the Company to avoid classification as an investment
company, use good faith efforts to cause the members of the FG II Group to whom
any allocation has been made to assign their voting rights to the Company. For
purposes of this Section 3(b), the term "FG II GROUP" shall not include persons
who were solicited by any member of the FG II Group to invest in a Target
Business but who are not clients or affiliates of any FG II Affiliate.

                           (c)      FAILURE TO APPROVE ACQUISITIONS. If FG II
refers to the Company an opportunity to acquire a Target Business (or an
interest therein) which is within the Referral Requirements and the Company does
not make such acquisition (whether based on the merits of the opportunity, a
disagreement with the portion of the

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                                                                               3

opportunity allocated to the Company or other factors), then FG II and the FG II
Group shall be free to pursue such Target Business for their own account and
such opportunity shall be deemed to be an "OTHER OPPORTUNITY" for purposes of
Section 1(a).

                  2.       OFFICE SERVICES. Subject to the terms and conditions
hereof, during the term of this Agreement, FG II will provide the Company with
office space in FG II's offices in Greenwich, Connecticut for use by the
Company's staff. FG II will also provide the Company's staff with access to
secretarial support services and to such communications, computer, photocopying
and similar office equipment as is located at such offices from time to time and
will provide such staff with reasonable office supplies, postage, overnight
express courier and similar services. (The foregoing provision of space,
secretarial support, access to office equipment and provision of office supplies
is referred to herein as "Office Services".) At least monthly the Company shall
reimburse FG II for the cost of such Office Services, such reimbursement to be
in such amounts as the Company and FG II may reasonably agree upon from time to
time based upon an estimate of FG II's actual costs for providing such Office
Services.

                  3.       LEGAL EXPENSES. The Company shall also reimburse FG
II for all reasonable legal fees and expenses incurred by FG II in connection
with the transactions contemplated by the Securities Purchase Agreement by and
between the Company and Pangea dated as of March 28, 2000, including, without
limitation, those relating to the procreation of this Agreement, the Securities
Purchase Agreement, the Transaction Documents (as defined in the Securities
Purchase Agreement), and the private placement memorandum relating to the
Securities Purchase Agreement.

                  4.       TERM. Section 1 of this Agreement shall remain in
full force and effect for so long as any FG II Affiliate is serving as a
director or as a senior executive officer of the Company. Either party may
terminate Section 2 of this Agreement upon 990 days prior written notice to the
other party. The provisions of Section 3 and 5 hereof shall survive
indefinitely.

                  5.       LIABILITY; INDEMNIFICATION.

                           (a)      LIABILITY. None of FG II, the FG II
Affiliates, or any of their respective principals, shareholders, members,
directors, officers, employees or agents (all of the foregoing, except for FG II
are collectively, the "FG II PARTIES") shall be liable to the Company or any of
its shareholders, directors, officers, employees or agents for any losses,
damages, costs or expenses, including attorneys' fees, judgments, fines and
amounts paid in settlement (collectively, "LOSSES"), in any way arising out of a
referral made pursuant to Section 1 or the pursuit by any FG II Party of any
Other Opportunity, except that FG II may be liable to the Company to the extent
that any such Losses are directly caused by the gross negligence or willful
misconduct of FG II or any of the FG II Parties in the performance of their
duties hereunder during the term of this Agreement.

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                                                                               4

                           (b)      INDEMNIFICATION. The Company shall indemnify
in the manner and to the fullest extent permitted by applicable law and the
bylaws of the Company, each FG II Party in the event that the FG II Party (or
his or her estate, as the case may be), was or is a party to, or is threatened
to be made a party to, any threatened, pending or completed action, suit or
proceeding, whether or not by or in the right of the Company, and whether civil,
criminal, administrative, investigative or otherwise, by reason of the
performance or alleged lack of performance of any obligation in Sections 1 or 2,
against Losses actually and reasonably incurred by such person in connection
with such action, suit or proceeding (including, without limitation, in
connection with the defense or settlement of such action, suit or proceeding).
To the extent and in the manner provided by applicable law, any expenses
(including attorneys' fees) shall be paid by the Company in advance of the final
disposition of such action, suit or proceedings, even if the FG II Party is
alleged to have not met any applicable standard of conduct or is alleged to have
committed conduct so that, if true, the FG II Party (or the FG II Party's
estate) would not be entitled to indemnification under this Section 5, upon
receipt of an undertaking, which need not be secured, by or on behalf of such
person to repay such amount if it shall ultimately be determined that he is not
entitled to be indemnified by the Company as authorized in this Section 5. The
Company's obligations under this Section 5 shall survive any termination of this
Agreement.

                           (c)      NONEXCLUSIVE REMEDY. The indemnification
remedy contained in this Agreement shall not be deemed to be the exclusive
remedy of the Indemnified Party in connection with or arising from any failure
by the Company to perform any of its covenants or obligations in this Agreement,
nor shall such indemnification remedy be deemed to prejudice or to operate as a
waiver of any remedy to which the Indemnified Party may be entitled at law or
equity.

                  6.       MISCELLANEOUS.

                           (a)      NOTICES. Any notice, payment, demand or
communication required or permitted to be given by any provision of this
Agreement shall be in writing and shall be deemed to have been delivered, given
and received for all purposes (i) if delivered personally, with a copy
transmitted by telephonic facsimile, to the party or to an officer of the party
to whom the same is directed or (ii) whether or not the same is actually
received, if sent by registered or certified mail, postage and charges prepaid,
with a copy transmitted by telephonic facsimile address as follows:

                           If to the Company:

                                    Change Technology Partners, Inc.
                                    20 Dayton Avenue
                                    Greenwich, CT  06830
                                    Telephone:  203-661-4431
                                    Facsimile:  203-661-1331
                                    Attention:  Chief Executive Officer

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                                                                               5

                           With a copy to:

                                    Paul, Weiss, Rifkind, Wharton & Garrison
                                    1285 Avenue of the Americas
                                    New York, NY  10019-6064
                                    Telephone:  212-373-3000
                                    Facsimile:  212-757-3990
                                    Attention:  James Dubin, Esq.

                           If to FG II:

                                    FG II Ventures, LLC
                                    20 Dayton Avenue
                                    Greenwich, CT  06830
                                    Telephone:  203-661-4431
                                    Facsimile:  203-661-1331
                                    Attention:  Cary S. Fitchey

Any such notice shall be deemed to be delivered, given and received as of the
date so delivered, if delivered personally, or as of the date on which the same
was deposited in a regularly maintained receptacle for the deposit of United
States mail, addressed and sent as aforesaid.

                           (b)      GOVERNING LAW. This Agreement shall be
governed by, and interpreted in accordance with, the laws of the State of New
York applicable to agreements made and to be performed entirely within such
State.

                           (c)      COUNTERPART EXECUTION. This Agreement may be
executed in any number of counterparts with the same effect as if all of the
parties hereto had signed the same document. All counterparts shall be construed
together and shall constitute one agreement.

                           (d)      AMENDMENTS. This Agreement may only be
amended upon the written consent of all of the parties hereto.

                           (e)      ENTIRE UNDERSTANDING; NO THIRD PARTY
BENEFICIARIES. This Agreement and the Transaction Documents represent the entire
understanding of the parties hereto with reference to the transactions
contemplated hereby and supersedes any and all other oral or written agreements
heretofore made. Except as provided in Section 1 with respect to the FG II
Group, and Section 5 with respect to the FG II Parties, nothing in this
Agreement, expressed or implied, is intended to confer upon any person, other
than the parties hereto or their respective successors, any rights, remedies,
obligations or liabilities under or by reason of this Agreement.

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                                                                               6

                           (f)      ASSIGNMENT. Neither this Agreement nor any
of the rights, interests or obligations hereunder shall be assigned by any of
the parties hereto (whether by operation of law or otherwise) without the prior
written consent of the other parties hereto and any purported assignment in
violation of this Section 6(f) shall be void. Subject to the preceding sentence,
this Assignment shall be binding upon, inure to the benefit of and be
enforceable by the parties hereto and their respective heirs, legal
representatives, successors and permitted assigns.

                           (g)      SPECIFIC PERFORMANCE. The parties hereto
agree that their respective rights and obligations under this Agreement shall be
enforceable in a court of equity by decree of specific performance and that
appropriate injunctive relief may be applied for and granted in connection
therewith. Such remedies shall, however, be cumulative and nonexclusive and
shall be in addition to any other remedies which any party hereto may have under
this Agreement or otherwise.

                           (h)      NO PARTNERSHIP RELATIONSHIP. Nothing
contained herein shall be construed or deemed to create any partnership
relationship between the Company, on the one hand, and FG II or any of its
Affiliates, on the other hand.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

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                                                                               7

                  IN WITNESS WHEREOF, the parties hereto have executed this
Agreement as of the date first above written.

                                   CHANGE TECHNOLOGY PARTNERS, INC.

                                   By:  /s/  Matthew Ryan
                                        ---------------------------------------
                                        Name:     Matthew Ryan
                                        Title:    Chief Eexecutive Officer

                                   FG II VENTURES, LLC

                                   By:  /s/  Kathleen Shepphird
                                        ---------------------------------------
                                        Name:     Kathleen Shepphird
                                        Title:    Managing Director

                                   PANGEA INTERNET ADVISORS, LLC

                                   By:  /s/  William Avery
                                        ---------------------------------------
                                        Name:     William Avery
                                        Title:    Managing DirectorEXHIBIT 10.11

                        CHANGE TECHNOLOGY PARTNERS, INC.
                                20 Dayton Avenue
                               Greenwich, CT 06830

                                                     November 10, 2000

Ms. Kathleen Shepphird
20 Dayton Avenue
Greenwich, CT  06830

Dear Ms. Shepphird:

                  I am pleased to submit to you the following offer of
employment with Change Technology Partners, Inc., a Delaware corporation (the
"COMPANY").

                  1.       TITLE; DUTIES. At the commencement of your
employment, the Company shall employ you and you shall accept employment as
Managing Director and Secretary of the Company and you shall have such authority
and perform such duties of an executive and managerial nature as are consistent
with such title and status. You shall devote substantial business time, skill
and efforts to the performance of your duties to the Company. However, the
Company is aware that you are now engaged, and from time to time hereafter may
become engaged, in other businesses, ventures and opportunities and that you
intend to devote a substantial amount of time to such businesses, ventures and
opportunities. The Company expressly consents to such activities and agrees that
such activities shall not constitute a breach of this Letter Agreement.

                  2.       COMMENCEMENT; AT-WILL EMPLOYMENT. Your employment
shall commence, and this Letter Agreement shall become effective, on the date of
this Letter Agreement. You shall be an at-will employee and, accordingly, your
employment by the Company may be terminated by the Company or by you at any time
for any reason or for no reason.

                  3.       SALARY. During your employment, you will be paid a
base salary at an annual rate of $155,000, payable in bi-weekly installments,
subject to adjustment at the discretion of the Board of Directors of the
Company. During your employment, you shall also be entitled to payment of or
reimbursement for all reasonable and properly documented out-of-pocket expenses
incurred or paid by you in connection with the performance of your duties
hereunder and in accordance with the general expense reimbursement policy of the
Company then in effect.

                  4.       BENEFITS. During your employment, you shall be
entitled to participate in the employee benefit plans and programs, if any,
which are maintained by the Company for similarly situated employees of the
Company.

<PAGE>

                  5.       BUSINESS OPPORTUNITY ALLOCATION. You acknowledge that
you have read the Business Opportunity Allocation and Miscellaneous Services
Agreement, as amended on November 10, 2000, by and between the Company and FGII
Management Company ("FGII") (the "BOA AGREEMENT"). During your employment, you
shall observe all requirements and obligations imposed on the FGII Affiliates
(as defined in the BOA Agreement) pursuant to the BOA Agreement, including the
referral, through FGII, of investment opportunities meeting the Referral
Requirements (as defined in the BOA Agreement) to the Company in accordance with
Section 1 of the BOA Agreement. The Company hereby renounces any interest it may
have in any Other Opportunity (as defined in the BOA Agreement) and renounces
any expectancy that any Other Opportunity be offered to it, such that, as a
result of such renunciation, you (A) shall have no duty to communicate or
present such Other Opportunity to the Company, shall have the right to hold such
Other Opportunity for your or your affiliates' (and the respective officers,
directors, agents, shareholders, members, partners, or subsidiaries of such
affiliates) own account, or to recommend, assign or transfer such Other
Opportunity to persons other than the Company and (B) shall not breach any duty
you may have to the Company by reason of the fact that you pursue or acquire
such Other Opportunity for yourself, direct, assign or transfer such Other
Opportunity to another person, or do not communicate information regarding such
Other Opportunity to the Company.

                  6.       INDEMNIFICATION. The Company shall indemnify, in the
manner and to the fullest extent permitted by applicable law and the by-laws of
the Company, you (or your estate) in the event you (or your estate) were or are
a party to, or are threatened to be made a party to, any threatened, pending or
completed action, suit or proceeding, whether or not by or in the right of the
Company, and whether civil, criminal, administrative, investigative or
otherwise, by reason of the fact that you are or were a director, officer,
employee, or agent of the Company, or are or were serving at the request of the
Company as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise, against expenses
(including reasonable attorneys' fees) ("EXPENSES"), judgments, fines and
amounts paid in settlement actually and reasonably incurred by you (or your
estate) in connection with such action, suit or proceeding (including, without
limitation, in connection with the defense or settlement of such action, suit or
proceeding). To the extent and in the manner provided by applicable law, any
such Expenses shall be paid by the Company in advance of the final disposition
of such action, suit or proceeding, even if you are alleged to have not met the
applicable standard of conduct required under this Section 6 or are alleged to
have committed conduct such that, if true, you (or your estate) would not be
entitled to indemnification under this Section 6, upon receipt of an
undertaking, which need not be secured, by or on behalf of you (or your estate)
to repay such amount if it shall ultimately be determined that you (or your
estate) are not entitled to be indemnified by the Company as authorized in this
Section. The Company's obligations under this Section 6 shall survive any
termination of this Letter Agreement or any termination of your employment.

                  7.       INSURANCE. During your employment, the Company shall
maintain liability and director's and officer's insurance provided by a
reputable insurer in amounts appropriate for a public company engaged in
business (in nature and size) like the Company's business on your behalf.

                                       2
<PAGE>

                  8.       MISCELLANEOUS.

                  (a)      NOTICES. Any notice, payment, demand or communication
required or permitted to be given by any provision of this Letter Agreement
shall be in writing and shall be deemed to have been delivered, given and
received for all purposes (i) if delivered personally, with a copy transmitted
by telephonic facsimile, to the party or to an officer of the party to whom the
same is directed or (ii) whether or not the same is actually received, if sent
by registered or certified mail, postage and charges prepaid, with a copy
transmitted by telephonic facsimile addressed as follows:

                  If to the Company:

                           Change Technology Partners, Inc.
                           20 Dayton Avenue
                           Greenwich, CT     06830
                           Telephone:  203-661-4431
                           Facsimile:  203-661-1331

                           Attention:  Chief Executive Officer

                  If to Employee:

                           Ms. Kathleen Shepphird
                           20 Dayton Avenue
                           Greenwich, CT  06830
                           Telephone:  203-661-4431
                           Facsimile:  203-661-1331

Any such notice shall be deemed to be delivered, given and received as of the
date so delivered, if delivered personally, or as of the date on which the same
was deposited in a regularly maintained receptacle for the deposit of United
States mail, addressed and sent as aforesaid.

                  (b)      GOVERNING LAW. This Letter Agreement shall be
governed by, and interpreted in accordance with, the laws of the State of New
York applicable to agreements made and to be performed entirely within such
State.

                  (c)      COUNTERPART EXECUTION. This Letter Agreement may be
executed in any number of counterparts with the same effect as if all of the
parties hereto had signed the same document. All counterparts shall be construed
together and shall constitute one agreement.

                  (d)      AMENDMENTS. This Letter Agreement may only be amended
upon the written consent of all of the parties hereto.

                  (e)      ENTIRE UNDERSTANDING; NO THIRD PARTY BENEFICIARIES.
This Agreement and the BOA Agreement represent the entire understanding of the
parties hereto with reference to the transactions contemplated hereby and
supersedes any and all

                                       3
<PAGE>

other oral or written agreements heretofore made. Except as provided in Section
6, nothing in this Agreement, expressed or implied, is intended to confer upon
any person, other than the parties hereto or their respective successors and
permitted assigns, any rights, remedies, obligations or liabilities under or by
reason of this Agreement.

                  (f)      SUCCESSORS AND ASSIGNS. The Company may assign this
Letter Agreement to a successor, affiliate or subsidiary, provided that no such
assignment shall relieve the Company of its obligation hereunder. This Letter
Agreement is a personal contract and your rights and interests hereunder may not
be sold, transferred, assigned, pledged, encumbered, or hypothecated by you,
except as otherwise expressly permitted by the provisions of this Letter
Agreement. Nothing in this Section 8(f) shall preclude (i) you from designating
a beneficiary to receive any benefit payable hereunder upon your death, or (ii)
the executors, administrators, or other legal representatives of yours or your
estate from assigning any rights hereunder to distributees, legatees,
beneficiaries, testamentary trustees or other legal heirs of yours. This Letter
Agreement shall inure to the benefit of and be enforceable by your personal or
legal representatives, executors, administrators, successors, heirs,
distributees, devisees and legatees.

                  (g)      SEVERABILITY. If any provision of this Letter
Agreement or the application of any such provision to any party or circumstances
shall be determined by any court of competent jurisdiction to be invalid and
unenforceable to any extent, the remainder of this Letter Agreement or the
application of such provision to such person or circumstances other than those
to which it is so determined to be invalid and unenforceable, shall not be
affected thereby, and each other provision hereof shall continue to be valid and
shall be enforceable to the fullest extent permitted by law.

                  (h)      HEADINGS. All descriptive headings of sections and
paragraphs in this Letter Agreement are intended solely for convenience, and no
provision of this Letter Agreement is to be construed by reference to the
heading of any section or paragraph.

                  (i)      WITHHOLDINGS. All payments to you under this Letter
Agreement shall be reduced by all applicable tax withholding required by
federal, state or local law.

                  (j)        TERMINATION OF AGREEMENT. This Letter Agreement
shall terminate and have no further force and effect if the Purchase Agreement
is terminated.

                                       4
<PAGE>

                  If the foregoing is acceptable, please indicate your agreement
by signing in the space designated below.

                                        Sincerely,

                                        CHANGE TECHNOLOGY PARTNERS, INC.

                                        By:  /s/  Matthew Ryan
                                             ----------------------------------
                                             Name:   Matthew Ryan
                                             Title:  Chief Executive Officer

AGREED AND ACCEPTED BY:

/s/  Kathleen Shepphird
-----------------------------------
Name:  Kathleen Shepphird

                                       5

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