Document:

MEMORANDUM OF AGREEMENT
                       made as of 1st day of August, 2002

BETWEEN:

                                   JVWEB, INC.
                          a corporation organized under
                       the laws of the State of Delaware,

                      (herein after called the "Optionor")

                                                              OF THE FIRST PART,

                                  GREG J. MICEK
                             of the City of Houston
                           in the State of Texas, USA,

                      (herein after called the "Optionee")

                                                             OF THE SECOND PART.

         WHEREAS the board of directors of the Optionor has determined that the
granting of an option to the Optionee to purchase up to 600,000 authorized and
unissued common shares as presently constituted of the Optionor (the "Optioned
Shares"), on the toxins and conditions set forth below, is in the best interests
of the Optionor and is security holders;

         NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of these
premises and of the sum of $10,00 (U.S.) paid by the Optionee to the Optionor
and for other good and valuable consideration (the receipt and sufficiency of
which is hereby acknowledged), it is hereby agreed by and between the parties
hereto as follows:

1.       GRANT OF OPTION

1.1      Subject to the receipt of any required shareholder or regulatory
         approvals, the Optionor hereby grants to the Optionee, on .the terms
         and conditions hereinafter set forth, an irrevocable option (the
         "Option") to purchase at any time or from time to time during the
         period hereinafter referred to and subject to the provisions of section
         2,1, all ox any part of 600,000 authorized and unissued Shares of the
         Optionor (the said Shares being hereinafter called the "Optioned
         Shares") for a purchase price of $0.50 (U.S.) per Optioned Share.

2.       EXERCISE OF OPTION

2.1      The Optionee shall have the right to exercise the Option at any time or
         from time to time with respect to all or any part of 600,000 of the
         Optioned Shares, subject, however to the vesting dates having been
         attained with respect to the following increments:

                  Monthly allotments of 25_000 options per month for twenty-four
                  months

         and/or at any time prior to August 1st , 2007 at 4 p.m. (California) or
         at such earlier time as may be determined in accordance with Section
         2.3, 2.4. 2.5 and Article 4 (the "Expiry Time") and at the Expiry Time
         the Option shall expire and terminate as to such of the Optioned Shares
         in respect of which the Option has not been exercised.

<PAGE>

2.2      Subject to the provisions of Article 1 and section 2.1, the Optionee
         shall have the right to exercise the Option at any time or from time to
         time with respect to. all or any part of the Optioned Shares. No
         written notice of tine Optionce electing to exercise the Option in
         whole or in part shall be necessary, but, payment by or on behalf of
         the Optionee by certified cheque or bank draft payable to or to the
         order of the Corporation at the said price of $0.50 (U.S.) per Optioned
         Share in respect of so many of the Optioned Shares as the Optionee
         shall from time to time determine to take up and purchase, shall be an
         exercise pro tanto of the Option hereby granted.

         Upon each such exercise of the Option, the Optionor shall cause the
         Corporation's registrar and transfer agent to deliver forthwith to the
         Optionee at 5444 Westheimer, Suite 2080. Houston, Texas 77056, a
         definitive certificate or certificates registered in the name of the
         Optionee, or as the Optionee may otherwise direct in writing,
         representing in the aggregate such number of the Optioned Shares as the
         Optionee shall have then paid for.

2.3      In the event of the death of the Optionee on or prior to the Expiry
         Date, provided that at, the time of such death the Optionee was either
         a director, officer, employee or service provider of the Optionor, the
         Option may be exercised as to all or any of the Optioned Shares in
         respect of which the Optionee would have been entitled to exercise the
         Option hereunder at the time of his or her death, as if he or she had
         survived, by the legal representatives of the Optionee at any time up
         to and including, but not after, that date which is 90 days following
         the date- of death of the Optionee or prior to the close of business on
         the Expiry Date, whichever is earlier.

2.4      In the event the Optionee is discharged with cause as an employee or
         officer of the Optionor prior to the Expiry Date, the option and this
         agreement shall in all respects forthwith cease and terminate arid be
         of not further force or effect whatsoever as to such of the Optioned
         Shares in respect of which the Option had not previously been
         exercised, upon notice of such resignation being received by the
         Optionor, or upon notice of such discharge being given by the Optionor
         to the Optionee. For the purpose of this agreement, the determination
         by the Optionor shall be binding upon the Optionee.

2.5      In the event of the termination of employment of the Optionee (either
         as an employee or officer) by the Optionor other than in the
         circumstances referred to in Sections 2.4 or 2.5 above or the Optionee
         ceases to be a director or service provider of the Optionor, the
         Optionee may exercise the Option to the extent that the Optionee was
         entitled to do so at the tune of such termination or employment at any
         time up to and including, but not after, that date which is 30 days
         following such date, or prior to clue close of business on the Expiry
         Date, whichever is earlier. Not withstanding the foregoing, this
         Section 2.5 is not applicable to the termination of employment of the
         Optionee if the Optionee was, at the time of termination, a director of
         the Optionor.

3.       TERMINATION OF OPTION BY OPTIONEE

3.1      Notwithstanding anything herein provided, the Optionee may at any time,
         in its sole discretion, terminate the Option by notice in writing
         mailed by first class registered mail, postage prepaid, addressed to,
         or by notice in writing delivered to, the Optionor at 1630 East Shaw
         Avenue, Suite 192, Fresno, California, U.S.A. 93710, or sent by
         telecopy to the Optionor, and forthwith upon mailing, delivery or
         telecopy of any such notice in writing, and notwithstanding that any
         such notice in writing may not have been received by the Optionec, the
         Option shall forthwith expire and terminate as to such of the Optioned
         Shares in respect of which the Option has not been exercised.

4.       OPTIONEE NOT REQUIRED TO EXERCISE THE OPTION

4.1      Nothing herein contained or done pursuant hereto shall obligate the
         Optionee to purchase and/or pay for, or the Optionor to issue, any
         Optioned Shares except those Optioned Shares in respect of which the
         Optionee shall have exercised it Option to purchase hereunder in the
         manner hereinbefore provided.

<PAGE>

5.       CHANGE OE SHARES

5.1      In the event of any subdivision or change of the Shares of the Optionor
         at any time prior to the Expiry Time into a greater number of Shares,
         the optionor shall deliver, in connection with any issue of Optioned
         Shares occurring after the record date of the subdivision or change,
         such additional number of Shares as would have resulted from such
         subdivision or change if such issue of Optioned Shares had been prior
         to the record date of such subdivision or change.

5.2      In the event of any consolidation or change of the Shares of the
         Optionor at any time prior to the Expiry Time into a lesser number of
         Shares, the number of Shares delivered by the Optionor on any exercise
         thereafter of the Option shall be reduced to such number of Shares as
         would have resulted from such consolidation or change if such exercise
         of the Option hereby granted had been prior to the record date of such
         consolidation or change.

5.3      In the event of any reclassification of the shares of the Optionor at
         any time up to the Expiry Time, the number and class of shares
         deliverable by the Optionor on any exercise thereafter of the Option
         hereby granted shall be the number and class of shares as would have
         resulted from such reclassification if the Option hereby granted had
         been exercised prior to the date of such reclassification.

6.       DIVIDENDS, DISTRIBUTIONS, ETC.

6.1      If the Optionor shall at any time prior to the Expiry Time pay any
         dividend or make any distribution (whether or not payable in shares or
         other securities of the Optionor), or make any payment by way of return
         of capital on or in respect of the Shares, the Optionee shall be
         entitled to receive upon any exercise thereafter of the Option (in
         addition to the number of Optioned Shares that the Optionee otherwise
         would have been entitled to receive on the exercise of the Option) such
         additional number of shares or other securities of the appropriate
         class of the Optionor or such capital payment as would have been
         payable on the Shares that would have been issuable on such exercise of
         the Option if they had been outstanding on the record date for payment
         of such dividend or distribution or capital payment, and the Optionor
         covenants anal agrees that in the event of the payment of any dividend
         or distribution payable in any shares or other securities of the
         Optionor as aforesaid it will reserve and set aside a sufficient number
         of shares or other securities of the appropriate class in which any
         such dividend or distribution shall be payable to enable it to fulfill
         its obligations hereunder.

7.       RESERVATION OFF' OMONED SHARES

7.1      The Optionor covenants that it has duly reserved, set aside and
         allotted the Optioned Shares to and in favour of the Optionee, its
         successors and assigns, and that upon the exercise of the Option in
         accordance with the terms hereof and payment of the said price as
         aforesaid, the Optioned Shares in respect of which the Optionee shall
         have duly taken up and paid for hereunder shall be duly issued and
         outstanding as fully paid and non-assessable.

8.       GENERAL

8.1      Time shall be of the essence of this agreement.

8.2      The Optionee represents and warrants to the Optionor, as a continuing
         representation and warranty that shall be true and correct on the date
         hereof and on each date that the Optionee exercises the Option as if
         made and given on and as of each such date, that the Optionee is
         acquiring the Option and will acquire the Optioned Shares purchased by
         it upon any exercise of the Option as principal.

<PAGE>

8.3      The Optionor and the Optionee severally covenant and agree to use their
         respective reasonable best efforts to comply with, satisfy, and fulfill
         promptly all conditions and requirements imposed by or arising out of
         legal, regulatory and administrative requirements applicable to the
         grant of the Option hereunder and to the issue of Shares on the
         exercise of the Option.

8.4      This agreement is non-assignable.

8.5      This agreement shall be governed by and construed in accordance with
         the laws of the State of California and the federal laws of the United
         States applicable therein.

8.6      This agreement may be executed by the partied in counterparts and when
         so executed such counterparts shall constitute a single agreement.

IN WITNESS WHEREOF this agreement has been executed by the parties hereto as of
the date first above written.

SIGNED, SEALED & DELIVERED                   )        Optionor
in the presence of:                          )        JVWEB INC.
                                             )
                                             )        /s/ William Scigliano
_____________________                        )   per: __________________________
Witness                                      )        A.S.O.
                                             )
                                             )        Optionee
                                             )
                                             )        /s/ Greg J. Micek
_____________________                        )        __________________________
Witness                                      )        GREG J. MICEKSTOCK OPTION AGREEMENT

        THIS STOCK OPTION AGREEMENT (the "Agreement") is made effective August
1, 2002 between IQ BIOMETRIX, INC., a Delaware corporation (the "Company"), and
Bill Scigliano ("Optionee").

                                    RECITALS:

        A. The Company has retained Optionee as its CEO.

        B. In order to provide incentives, the Company has determined to grant
to Optionee the right to acquire certain shares of the Company's common stock
with par value of $0.01 per share (hereinafter called "Common Stock"), all as
provided more fully hereinafter, all subject to the terms, provisions and
conditions of this Agreement.

                                   WITNESSETH:

        1. GRANT OF STOCK OPTION; PURCHASE PRICE; VESTING; EXPIRATION DATE.
Subject to any vesting schedule attached hereto, the Company hereby grants to
Optionee the right to purchase 600,000 shares of Common Stock at a per-share
purchase price of $0.50, pursuant to the terms, provisions and conditions of
this Agreement (the shares of Common Stock pursuant to which Optionee shall
acquire the right to purchase are referred to hereinafter as the "Option
Shares"). If no vesting schedule is attached hereto or if an attached vesting
schedule does not provide for specifics regarding the vesting of the option
granted hereby, the option granted hereby shall become vested and exercisable
with respect to all of Option Shares immediately upon the execution and delivery
of this Agreement by the Company. The option granted hereunder shall expire with
respect to any particular Option Shares Five (5) years after such option becomes
vested with respect to such shares. In the event of Optionee's death prior to
the otherwise applicable expiration date, the option created by this Agreement
(to the extent then vested) shall be exercisable for one year after Optionee's
death by the legal representative of the estate of Optionee or the person(s) who
acquires the rights of Optionee hereunder by bequest or inheritance as a result
of the death of Optionee.

        2. EXERCISE. Subject to the limitations contained herein, Optionee may
exercise the option created pursuant to this Agreement with respect to vested
Option Shares at any time after it becomes effective and such Option Shares
vest. If Optionee or Optionee's successor fails to exercise the option created
under this Agreement with respect to any vested Option Shares on or before the
expiration date provided for herein with respect to such Option Shares, the
option with respect to such vested Option Shares shall expire on such expiration
date and be of no further force and effect. The option to purchase granted
hereunder shall be exercised by giving written notice to the Company in
compliance with this Agreement. Such notice shall state the number of vested
Option Shares with respect to which the option is being exercised and shall
specify a date which shall not be less than fifteen (15) nor more than thirty
(30) days after the date of such notice, as the date on which such Option Shares
will be taken up and payment made therefor in cash, certified or bank cashier's
check, or the equivalent, at the principal office of the Company. If any law or
regulation requires the Company to take any action with respect to the vested
Option Shares specified in such notice, then the date of the delivery of such
Option Shares against payment therefor shall be extended for the period
necessary to take such action. In the event of any failure to take up and pay
for the number of vested Option Shares specified in such notice on the date set
forth therein, as the same may be extended as provided above, such exercise of
this option may be terminated by the Company with respect to such number of
vested Option Shares not taken and paid for. Each exercise of an option pursuant
to this Agreement shall be deemed to be an exercise with respect to the Option
Shares having the earliest expiration date.

<PAGE>

        3. ADJUSTMENTS.

        (a) If the outstanding shares of the Common Stock shall be subdivided
into a greater number of shares or a dividend in Common Stock shall be paid in
respect of Common Stock, the per share purchase price of the Option Shares in
effect immediately prior to such subdivision or at the record date of such
dividend shall simultaneously with the effectiveness of such subdivision or
immediately after the record date of such dividend be proportionately reduced.
If the outstanding shares of Common Stock shall be combined into a smaller
number of shares, the per share purchase price of the Option Shares in effect
immediately prior to such combination shall, simultaneously with the
effectiveness of such combination, be proportionately increased. When any
adjustment is required to be made in the per share purchase price of the Option
Shares, the number of Option Shares purchasable upon the exercise of the Option
shall be changed to the number determined by dividing (i) an amount equal to the
number of shares issuable upon the exercise of the Option immediately prior to
such adjustment, multiplied by the per share purchase price of the Option Shares
in effect immediately prior to such adjustment, by (ii) the per share purchase
price of the Option Shares in effect immediately after such adjustment.

        (b) If there shall occur any capital reorganization or reclassification
of the Common Stock (other than a change in par value or a subdivision or
combination as provided for in subsection (a) immediately above), or any
consolidation or merger of the Company with or into another corporation, or a
transfer of all or substantially all of the assets of the Company, or the
payment of a liquidating distribution then, as part of any such reorganization,
reclassification, consolidation, merger, sale or liquidating distribution,
lawful provision shall be made so that Optionee shall have the right thereafter
to receive upon the exercise hereof (to the extent, if any, still exercisable)
the kind and amount of shares of stock or other securities or property which
Optionee would have been entitled to receive if, immediately prior to any such
reorganization, reclassification, consolidation, merger, sale or liquidating
distribution, as the case may be, Optionee had held the number of shares of
Common Stock which were then purchasable upon the exercise of the Option. In any
such case, appropriate adjustment (as reasonably determined by the Board of
Directors of the Company) shall be made in the application of the provisions set
forth herein with respect to the rights and interests thereafter of Optionee
such that the provisions set forth in this Section 3 (including provisions with
respect to adjustment of the per share purchase price of the Option Shares)
shall thereafter be applicable, as nearly as is reasonably practicable, in
relation to any shares of stock or other securities or property thereafter
deliverable upon the exercise of the Option.

        (c) for purposes of this Section, a change in control shall be deemed to
have occurred upon (i) the event of a merger, consolidation, share exchange or
reorganization, unless the stockholders of the Company, immediately before such
merger, consolidation, share exchange or reorganization, own, directly or
indirectly immediately following such merger, consolidation, share exchange or
reorganization, more than fifty percent (50%) of the combined voting power of
the outstanding voting securities of the corporation that is the successor in
such merger, consolidation, share exchange or reorganization in substantially
the same proportion as their ownership of the voting securities immediately
before such merger, consolidation, share exchange or reorganization or (ii) an
agreement for the sale or other disposition of all or substantially all of the
assets of IQB. In the event of a change of control, the Company shall give
notice to the Registered Holder to such effect at least 30 days prior to the
proposed date of the change in control. Notwithstanding anything else contained
herein, in the event of a change in control, 100% of the then unvested shares
shall immediately become vested shares upon the giving of the Company's notice
pursuant to the preceding sentence.

                                       2
<PAGE>

        4. SHARES RESERVED. The Company will, at all times during the term of
this Agreement, reserve and keep available such number of its common shares as
will be sufficient to satisfy the requirements of this Agreement and will pay
all fees and expenses necessarily incurred by the Company in connection with the
issuance of such shares.

        5. RESTRICTION ON ISSUANCE OF SHARES; LEGENDS. The Company will not be
obligated to sell any Option Shares hereunder unless the Option Shares are at
the time exempt from registration under the Securities Act of 1933, as amended,
and applicable state securities laws. Optionee shall make such investment
representations to the Company and shall consent to the imposition of such
legends on the stock certificates as are necessary, in the opinion of the
Company's counsel, to secure to the Company an appropriate exemption from
applicable securities laws.

        6. SUCCESSORS. This Agreement will be binding upon any successor of the
Company.

        7. NO RIGHTS AS SHAREHOLDER. Optionee shall have no rights as a
shareholder by reason of this Agreement and shall have only those rights
expressly conferred by this Agreement.

        8. NONTRANSFERABILITY. This option will not be transferable other than
by will or the laws of descent or distribution or pursuant to a qualified
domestic relations order as defined in the Internal Revenue Code of 1986, as
amended, or Title I of the Employee Retirement Income Security Act of 1974, as
amended, or the rules thereunder, and during the lifetime of Optionee the option
may be exercised only by Optionee. More particularly (but without limiting the
generality of the foregoing), the option may not be assigned, transferred,
pledged or hypothecated in any way, may not be assignable by operation of law,
and may not be subject to execution, attachment or similar process. Any
attempted assignment, transfer, pledge, hypothecation or other disposition of
the option contrary to the provisions hereof, and the levy of any execution,
attachment or similar process upon the option, will be null and void and without
effect.

        9. WITHHOLDING TAXES. Upon exercise of any portion of this option and
notice from the Company to Optionee, Optionee shall pay to the Company the
amount of withholding income tax required to be withheld by the Company from
compensation to Optionee and in turn paid by the Company to the U.S. Internal
Revenue Service.

        10. NOTICES. All notices, requests, demands and other communications
hereunder shall be in writing and shall be deemed to have been given if
delivered or mailed, first class, with postage prepaid, to:

               if to the Company, addressed to:

                      IQ Biometrix, Inc.
                      39111 Paseo Padre Parkway
                      Suite 304
                      Fremont CA 94538

               if to Optionee, addressed to the address for notice set forth
               beneath Optionee's signature below;

or to such other address for notice as either party shall hereafter notify the
other party in writing, from time to time.

                                       3
<PAGE>

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

                                   "COMPANY"

                                   IQ BIOMETRIX, INC.

                                   By: /s/ Michael Walsh
                                       -------------------------------
                                       Michael Walsh, CFO

                                   "OPTIONEE"

                                   /s/ William Scigliano
                                   -----------------------------------
                                   William Scigliano

                                   By:________________________________

                                   Name:______________________________

                                   Title:_____________________________

                                   Address for Optionee:

                                   303-1015 Pandora Ave
                                   Victoria, BC V8V 3P6

                                       4
<PAGE>

        VESTING SCHEDULE

        "(i) this Option shall become vested and exercisable with respect to
1/24th of the shares of the Option Stock (the "First Batch of Vested Shares") 30
days after the execution and delivery of this Option by the Company,

        (ii) this Option shall become vested and exercisable with respect to
another 1/24th shares of Option Stock on each subsequent monthly anniversary of
the grant date until fully vested.

                                       5

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