Document:

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                                                                    Exhibit 10.4

                             NEWSUB SERVICES, INC.
                     NON-QUALIFIED STOCK OPTION AGREEMENT
                                PURSUANT TO THE
                            1997 STOCK OPTION PLAN

Name of Optionee:
Number of Option Shares:
Option Exercise Price:
Grant Date:
Vesting Dates:
Expiration Date:

     Pursuant to the NewSub Services, Inc. 1997 Stock Option Plan (the "Plan"),
NewSub Services, Inc., a Connecticut corporation (the "Company"), hereby grants
to the Optionee named above an option to purchase on or prior to the Expiration
Date specified above all or any part of the number of shares of the Company's
Class B non-voting common Stock, without par value (the "Common Stock"), of the
Company specified above (the "Option Shares") at the Option Exercise Price per
Share specified above, subject to the terms and conditions set forth herein and
in the Plan.  This Option is not intended to qualify and shall not be treated as
an "incentive stock option" under (S)422A of the Internal Revenue Code of 1986,
as amended from time to time (the "Code").

     This Option is granted on the assumption that the Company has (i) amended
its Certificate of Incorporation to increase its authorized capital stock to
7,500 shares of Class A voting Common Stock having no par value and 35,000,000
shares of Class B non-voting Common Stock having no par value and (ii)
distributed 3,684 shares of Class B non-voting Common Stock for each outstanding
share of the Class A and Class B Common Stock of the Company as of the date of
adoption of the Plan (the "Recapitalization").  The Company does not intend to
effect the Recapitalization currently but may, in its sole discretion, do so at
any time in the future.  Since this Option is issued on the assumption that the
Recapitalization has been effected, if the Recapitalization is not effected,
                                                               ---
then the number of Option shares subject to this Option shall be divided by
3,684 and the Option Exercise Price per share shall be multiplied by 3,684.

     1.   Vesting Schedule.  No portion of this Option may be exercised until
          ----------------
the dates on which such portion shall have vested. Except as set forth below,
and subject to the determination of the Company in its sole discretion to
accelerate the vesting schedule hereunder, this Option shall be vested and
exercisable with respect to the number of Option Shares on the Vesting Dates set
forth above. Once vested, this Option shall continue to be exercisable at any
time or times prior to the Expiration Date, subject to the provisions hereof and
of the Plan.

     2.   Exercise of Option.
          ------------------
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          (a)  Optionee may exercise only vested portions of this Option and
only in the following manner. From time to time prior to the earlier to occur of
(i) the termination hereof in accordance with the provisions of this Option, or
(ii) the Expiration Date hereof, Optionee may give written notice to the Company
of his or her election to purchase some or all of the shares of Common Stock
purchasable at the time of such notice. Said notice shall specify the number of
Option Shares to be purchased and shall be accompanied (i) by payment therefor
in cash or by certified check, official bank check or wire transfer and (ii) by
such agreement, statement or other evidence as the Company may require in order
to satisfy itself that the issuance of the Option Shares being purchased
pursuant to such exercise and any subsequent resale thereof will be in
compliance with applicable laws and regulations, including without limitation
all applicable federal and state securities laws and regulations.

          (b)  Certificates for the Option Shares so purchased will be issued to
Optionee upon compliance to the satisfaction of the Company with all
requirements under applicable laws or regulations in connection with such
issuance, including without limitation if said Shares have not been registered
under the Securities Act of 1933, as amended, receipt of a representation from
Optionee upon each exercise of this Option that he is purchasing the Shares for
his own account and not with a view to any resale or distribution thereof, the
legending of any certificate representing said Shares, and the imposition of a
stop transfer order with respect thereto, to prevent a resale or distribution in
violation of federal or state securities laws. Until Optionee shall have
complied with the requirements hereof and of the Plan, the Company shall be
under no obligation to issue the Option Shares subject to this Option, and the
determination of the Committee (as defined in the Plan) as to such compliance
shall be final and binding on Optionee. Optionee shall not be deemed for any
purpose to be the owner of any Option Shares subject to this Option until such
Option Shares shall have been issued in accordance with the foregoing
provisions.

          (c)  Notwithstanding any other provision hereof or of the Plan, no
portion of this Option shall be exercisable (i) after its termination in
accordance with the provisions hereof, (ii) after the Expiration Date hereof, or
(iii) at any time unless all necessary regulatory or other approvals have been
received.

     3.   Incorporation of Plan.  Notwithstanding anything herein to the
          ---------------------
contrary, this Option shall be subject to and governed by all the terms and
conditions of the Plan.

     4.   Transferability.  This Agreement is personal to Optionee, is
          ---------------
non-assignable and is not transferable in any manner, by operation, of law or
otherwise, other than by will or by the laws of descent and distribution, and is
exercisable, during Optionee's lifetime, only by Optionee.

     5.   Effect of Certain Transactions.  If the Company is merged into another
          ------------------------------
entity, or if one or more entities is merged into the Company or there is a
consolidation of the Company and one or more entities and, in any such case, the
shares of Common Stock are converted into cash, securities or other property
other than shares of Common Stock, or if the Company is liquidated, or sells or
otherwise disposes of substantially all its assets to another entity while
unexercised Options remain outstanding under the Plan, then: (i) the Committee,
with the approval of the Board of Directors of the Company, may in its
discretion accelerate the time for exercise of any unexercised and unexpired
portion of this Option, including the then unvested

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portion of this Option, to and after a date prior to the effective date of such
merger, consolidation, liquidation or sale specified by the Committee; or (ii)
the Committee, with the approval of the Board of Directors of the Company, may
provide that after the effective date of such merger, consolidation or sale,
this Option shall survive and Optionee shall be entitled, upon exercise of this
Option, to receive, in lieu of shares of Common Stock, such shares of stock or
other securities as the holders of shares of Common Stock received pursuant to
the terms of the merger, consolidation or sale.

     6.   Tax Withholding.  The Optionee shall, not later than the date as of
          ---------------
which the exercise of this Option becomes a taxable event for Federal income tax
purposes, pay to the Company or make arrangements satisfactory to the Committee
for payment of any Federal, state, and local taxes required by law to be
withheld on account of such taxable event.  The Optionee may elect to have such
tax withholding obligation satisfied, in whole or in part, by (i) authorizing
the Company to withhold from shares of Common Stock to be issued, or (ii)
transferring to the Company, a number of shares of Common Stock with an
aggregate fair market value that would satisfy the withholding amount due.

     7.   Shareholder Agreement.  This Option and the Option Shares are subject
          -----------------
to and governed by all the terms and conditions of the attached Shareholders
Agreement.

     8.   Miscellaneous.  Notice hereunder shall be mailed or delivered to the
          -------------
Company at its principal place of business, and shall be delivered to Optionee
in person or mailed or delivered to Optionee at the address set forth below, or
in either case at such other address as one party may subsequently furnish to
the other party in writing.

     IN WITNESS WHEREOF, the Company has caused this instrument to be executed
in its name and on its behalf as of the Grant Date set forth above.

                                        NEWSUB SERVICES, INC.

                                        By:     ____________________________
                                        Title:  President

     I hereby accept the foregoing grant of an Option to acquire the Option
Shares and understand and agree that such Option and the Option Shares shall be
subject to and governed by the terms of the Plan, this agreement and the
Shareholders Agreement.

                                        Name:_______________________________

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                                                                    Exhibit 10.5

                             NEWSUB SERVICES, INC.
                         OPTION SHAREHOLDERS AGREEMENT

          AGREEMENT made as of this ___ day of ____, ____ by and among NEWSUB
SERVICES, INC., a Connecticut corporation (the "Corporation" or "NSS") , and the
person whose name is set forth below (hereinafter referred to as "Shareholder").

          WHEREAS, Shareholder is an employee or consultant of the Corporation
being granted options to purchase shares of non-voting Common Stock of the
Corporation pursuant to the NewSub Services, Inc. 1997 Stock Option Plan, as the
same may be amended (the "Plan"); and

          WHEREAS, as a condition of being granted such options, Shareholder is
willing to enter into an agreement imposing certain restrictions on the transfer
of Shareholder's shares;

          NOW, THEREFORE, in consideration of the premises and the mutual
covenants and agreements set forth herein, the parties agree as follows:

          1.  Definitions.  In addition to the terms defined elsewhere herein,
              -----------
when used herein the following terms shall have the meanings indicated:

              (a)  Permitted Transferee shall mean any Person to whom any Shares
                   --------------------
are transferred in accordance with and subject to the terms of this Agreement.

              (b)  Person shall mean a natural person, corporation, limited
                   ------
partnership, general partnership, limited liability company, limited liability
partnership, joint stock company, joint venture, association, company, trust,
bank trust company, land trust, business trust or other
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organization, whether or not a legal entity, and a government or agency or
political subdivision thereof.

          (c) Securities Act shall mean the Securities Act of 1933, as amended.
              --------------

          (d) Sell or Transfer, as to any Shares, shall mean to sell, or in any
              ----    --------
other way, directly or indirectly, transfer, assign, exchange, donate, make a
gift of, distribute, pledge, hypothecate, transfer voting rights with respect
to, encumber or otherwise dispose of, either voluntarily or involuntarily, or
the act of making any such sale, transfer, assignment, exchange, donation, gift,
distribution, pledge, hypothecation, encumbrance or other disposition.

          (e) Shares shall mean all of the shares of capital stock of the
              ------
Corporation currently owned by Shareholder, shares of capital stock of the
Corporation or rights to acquire shares of capital stock of the Corporation
issued pursuant to the Plan or any such rights, shares of capital stock of the
Corporation owned by persons who become shareholders after the date of this
Agreement, any shares of capital stock acquired in exchange for Shares as a
result of mergers, recapitalizations, consolidations or otherwise, any
additional Shares issued or distributed by the Corporation by reason of stock
dividends, increases in outstanding shares, additional issuances or otherwise
and any options, warrants or rights to purchase any of the foregoing; provided,
however, that the term "Shares" shall not include any shares of capital stock of
the Corporation registered under the Securities Act.

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          (f) Shareholder shall mean Shareholder and shall include any Person
              ----------
who, after the date hereof, acquires Shares as a Permitted Transferee of
Shareholder (or of any subsequent Permitted Transferee) in accordance with and
subject to the terms of this Agreement.

      2.  Restrictions on Transfer.  (a) Shareholder agrees not to Transfer,
          ------------------------
Encumber, or contract to Transfer or Encumber, any of his shares, or any right,
title or interest therein or thereto, except as permitted under and in
accordance with the terms of this Agreement.  No non-complying Transfer or
Encumbrance or purported Transfer or Encumbrance (an "Ineffectual Transfer")
pursuant to which any Person shall attempt to acquire any right, title or
interest in any Shares other than in accordance with the provisions of this
Agreement, shall be recognized by the Corporation.  An Ineffectual Transfer
shall be null and void, shall not be recorded as a transfer on the stock
transfer records of the Corporation and shall not give rise to any option with
respect to such Shares under this Agreement.  Notwithstanding the occurrence of
any attempted Ineffectual Transfer, the purported transferor of Shares shall
continue to be entitled, so long as he shall remain the owner of such Shares, to
any and all existing rights and privileges of a shareholder to which he is
otherwise entitled, and subject to all obligations of a shareholder, with
respect to such Shares.

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          (b) The provisions of this Section shall apply to any Permitted
Transferee (or subsequent Permitted Transferee) of Shareholder.

          3.  Corporation Right of First Refusal Upon Sale to Third Party.  (a)
              -----------------------------------------------------------
If Shareholder (referred to in this section as the "Selling Shareholder")
receives a bona fide offer to purchase all or any part of his Shares and wishes
to accept the offer, the Selling Shareholder shall give notice in writing to the
Corporation.  The notice shall describe all of the terms of the offer, including
the number of Shares sought, the purchase price, the payment terms, the identity
of the offeror and any other relevant terms.  The Corporation shall have the
option to purchase all, but not less than all, of the Shares offered by the
Selling Shareholder, or to designate a third party, to purchase such Shares for
(i) the purchase price and on the payment terms described in the notice of the
offer or (ii) at Fair Market Value per share (as defined in the Plan) in cash.

              (b)  The Corporation shall notify the Selling Shareholder as to
whether it intends to exercise the option as soon as possible, but in no event
later than thirty (30) days after receipt of the Selling Shareholder's notice of
offer (the "Option Period"). The closing of the sale shall take place within one
hundred and twenty (120) days after exercise of the option under this Section.

          If the Corporation does not notify the Selling Shareholder within the
Option Period, then the Selling Shareholder shall be free to sell his Shares,
but such sale shall be subject to the following conditions:  (i) the Shares must
be sold to the person identified as the offeror in the notice of offer; (ii) the
closing of the sale must take place within sixty (60) days after the expiration
of the Option Period; (iii) the terms of the sale must be the same as those
described in the notice of offer (or terms less favorable to the offeror); and
(iv) the offeror must agree in

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writing to be bound by all of the terms of this Agreement and such writing must
be delivered to the Corporation on or before the closing date.

          4.  Change in Control.  In the event the Board of Directors of the
              -----------------
Corporation has approved a "Change in Control" transaction (as defined below),
the Corporation shall have the option, exercisable immediately prior to the
consummation of such Change in Control, to purchase the Shares of Shareholder at
the Fair Market Value per share as defined in the Plan.

          A "Change in Control" shall be deemed to have occurred if any one of
the following events shall have occurred:

               (a)  any Person is or becomes the "Beneficial owner" (as defined
                    in Rule 13d-3 under the Securities Exchange Act of 1934, as
                    amended (the "Exchange Act")), directly or indirectly, of
                    securities of NSS (not including in the securities
                    Beneficially Owned by such Person any securities acquired
                    directly from the Corporation) representing 50% or more of
                    NSS's then outstanding voting securities, excluding any
                    Person who becomes such a Beneficial Owner in connection
                    with a transaction described in clause (i) of paragraph (c)
                    below; or

               (b)  the following individuals cease for any reason to constitute
                    a majority of the number of directors then serving:
                    individuals who, on the Effective Date, constitute the Board
                    of Directors and any new director (other than a director
                    whose initial assumption of office is in connection with an
                    actual or threatened election contest, including but not
                    limited to a consent solicitation, relating to the election
                    of directors of NSS) whose appointment or election by the
                    Board of Directors or nomination for election by NSS's
                    stockholders was approved or recommended by a vote of at
                    least two-thirds (2/3) of the directors then still in office
                    who either were directors on the Effective Date (as defined
                    in the Plan) or whose appointment, election or nomination
                    for election was previously so approved or recommended; or

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               (c)  there is consummated a merger or consolidation of the
                    Corporation with any other corporation other than (i) a
                    merger or consolidation which would result in the voting
                    securities of NSS outstanding immediately prior to such
                    merger or consolidation continuing to represent (either by
                    remaining outstanding or by being converted into voting
                    securities of the surviving entity or any parent thereof) at
                    least 75% of the combined voting power of the voting
                    securities of NSS or such surviving entity or any parent
                    thereof outstanding immediately after such merger or
                    consolidation, or (ii) a merger or consolidation effected to
                    implement a recapitalization of NSS (or similar transaction)
                    in which no Person is or becomes the Beneficial Owner,
                    directly or indirectly, of securities of NSS (not including
                    in the securities Beneficially Owned by such Person any
                    securities acquired directly from the Company) representing
                    50% or more of the combined voting power of NSS's then
                    outstanding securities; or

               (d)  the stockholders of NSS approve a plan of complete
                    liquidation or dissolution of NSS or there is consummated an
                    agreement for the sale or disposition by NSS of all or
                    substantially all of NSS's assets, other than a sale or
                    disposition by NSS of all or substantially all of NSS's
                    assets to an entity, at least 75% of the combined voting
                    power of the voting securities of which are owned by Persons
                    in substantially the same proportions as their ownership of
                    NSS immediately prior to such sale.

          For purposes of this Section 4 only, (i) "Person" shall have the
meaning set forth in Section 3(a)(9) of the Exchange Act, as modified and used
in Sections 13(d) and 14(d) thereof, except that such term shall not include (1)
NSS, (2) a trustee or other fiduciary holding securities under an employee
benefit plan of NSS, (3) an underwriter temporarily holding securities pursuant
to an offering of such securities, (4) a corporation owned, directly or
indirectly, by the stockholders of NSS in substantially the same proportions as
their ownership of stock of NSS or (5) Jay Walker or Michael Loeb or any of
their Family Members or Family Members of such Family Members; (ii) "Family
Member" shall mean, as to any natural Person, a parent, child, descendant,
spouse or sibling of the Person, the spouse of any of the foregoing, or the
estate, any guardian, custodian or conservator of the Person or any of the
foregoing, or a trust of which there

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are and continue to be, during the term of this Plan, no principal beneficiaries
other than the foregoing.

          5.  Termination of Employment.  In the event that the employment of an
              -------------------------
employee Shareholder with the Corporation shall terminate for any reason, the
Corporation shall have the right to purchase the Shares of such Shareholder at
the Fair Market Value per share as defined in the Plan.

          6.  Conflict of Interest /Non-Compete.  Shareholder agrees that, so
              ---------------------------------
long he is employed by the Corporation or is acting as a consultant to the
Corporation and for one year after termination of such employment or consulting
arrangement, Shareholder will not be an officer, director, consultant, employee,
owner, partner, principal, associate, joint venturer or security holder of, or
otherwise render services to or have an ownership or capital interest in, any
organization or enterprise which conducts a credit card marketing business or
other business in the United States of America competitive with that carried on
from time to time by the Corporation during the period set forth above, except
that Shareholder may hold a passive investment of stock of less than five
percent (5%) of outstanding shares in a corporation whose shares are publicly
traded.

                                       7
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          7.  Covenant Not to Disclose. Shareholder acknowledges and agrees that
              ------------------------
much of the information, documents, files and other papers concerning the
products, business, operations, financial affairs, or condition of the
Corporation are strictly confidential, including but not limited to, financial
statements, customer lists, training manuals, marketing methods, pricing
structures, technical data, process information and know-how (the "Confidential
Information"). Shareholder covenants and agrees that Shareholder will not at any
time divulge, make known to any person, or use any of the Confidential
Information, whether or not made known to them by reason of being a shareholder,
director, officer, employee or consultant of the Corporation, except (i) as
reasonably necessary to conduct the business of the Corporation, (ii) as
required by law, regulation or legal process or (iii) to third parties who have
executed and delivered to the Corporation a non-disclosure agreement, in form
and substance satisfactory to the Corporation.

          All materials, records, and documents developed or owned by the
Corporation, whether embodied in electronic media or in written form, shall be
the sole property of the Corporation and upon the request of the Corporation,
Shareholder shall promptly deliver to the Corporation such materials, records
and documents or copies thereof as are then maintained by him or otherwise under
his control, and shall retain no copies thereof.

                                       8
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          8.  Ineffectual Transfers and Encumbrances.  No noncomplying transfer
              --------------------------------------
or encumbrance or purported transfer or encumbrance (an "Ineffectual Transfer")
pursuant to which any Person shall attempt to acquire any right, title or
interest in any Shares other than in accordance with the provisions of this
Agreement, shall be recognized by the Corporation.  An Ineffectual Transfer
shall be null and void, shall not be recorded as a transfer on the stock
transfer records of the Corporation and shall not give rise to any right or
option with respect to such Shares under this Agreement.  Notwithstanding the
occurrence of any attempted Ineffectual Transfer, the purported transferor of
Shares shall continue to be entitled, so long as he shall remain the owner of
such Shares, to any and all existing rights and privileges of a Shareholder to
which he is otherwise entitled, and subject to all obligations of a Shareholder,
with respect to such Shares.

          9.  Endorsement of Stock Certificates.  Each certificate for Shares
              ---------------------------------
issued by the Corporation shall bear an endorsement on its front or back
substantially as follows:

              "The shares of capital stock of NewSub Services, Inc. (the
              "Corporation") represented by this certificate (the "Shares") have
              not been registered under the Securities Act of 1933, as amended
              (the "Act"), or any state securities law and the Shares may not be
              sold or offered for sale in the absence of an effective
              registration statement under the Act and any applicable state
              securities laws or an available exemption from the registration
              requirements of the Act and any applicable state securities laws.
              In addition, the Shares are issued, accepted and held subject to
              and transferable only in accordance with the provisions of the,
              Option Shareholders Agreement, dated as of June 1, 1997, as
              amended, with the Corporation, a copy of which Option Shareholders
              Agreement is on file in the office of the Corporation."

                                       9
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          10.  Failure to Deliver Certificates.  In the event that Shareholder
               -------------------------------
is required by the provisions of this Agreement to sell his Shares to the
Corporation, and Shareholder fails to deliver the certificates representing such
Shares, duly endorsed for transfer, upon tender by the Corporation of the
purchase price therefor, the Corporation shall have the right to transfer such
Shares on the stock transfer records of the Corporation and to treat such Shares
as if the stock certificates had been delivered by Shareholder.  In such event,
Shareholder shall be deemed to have no ownership interest in, or any rights with
respect to, such Shares as of the date the Corporation transfers such Shares on
its stock transfer records.

          11.  Miscellaneous.
               -------------

               (a) Successor Shareholders Must Sign. Under no circumstances may
                   --------------------------------
any Shares be sold, transferred or otherwise disposed of to any Person who has
not executed and delivered to the Corporation a written agreement to be bound by
the terms of this Agreement and any transferee or recipient of Shares shall be
subject to the same restrictions under this Agreement as were applicable to the
original transferor of Shares.

               (b) Entire Agreement.  This Agreement, the Plan and the option
                   ----------------
agreement constitute the entire understanding among the parties and no
modification, discharge or waiver, in whole or in part, of any of the provisions
of this Agreement shall be valid unless in writing and signed by the parties.

                                       10
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               (c) Headings.  The section headings in this Agreement are for
                   --------
convenience of reference and do not constitute part of
the agreement.

               (d) Validity.  If any provision of this Agreement is found to be
                   --------
invalid or unenforceable, such provision shall be, and shall be deemed to be
modified so as to cure the invalidity or unenforceability, and all other
provisions of this Agreement shall be enforceable notwithstanding such
invalidity or unenforceability.

               (e) Governing Law. This Agreement shall be governed by and
                   -------------
construed in accordance with the laws of the State of Connecticut.

               (f) Enforcement. In the event that any party hereto commits a
                   -----------
breach of that party's obligations hereunder, any non-breaching party damaged
thereby shall be entitled to recover from the party in breach the costs and
expenses incurred, including reasonable attorneys' fees and disbursements, in
connection with enforcing the provisions hereof. Each party acknowledges that
irreparable injury would result to the other party hereto if the Corporation or
Shareholder, or his or its transferees or legal representatives, fails to comply
with any of the restrictions herein imposed upon the transfer or encumbrance of
Shares, or with any other covenants, and obligations which are material; and
that in the event of any failure to comply with the terms hereof, the parties
hereto will not have an adequate remedy at law. Therefore, each party hereto
consents to the issuance of an injunction or the enforcement of other equitable
remedies at the instance of the Corporation or Shareholder to compel performance
of the restrictions, covenants, and obligations contained herein. The rights and
remedies set forth in this subsection shall be in addition to, and not in lieu
of, any other rights and remedies available at law or in equity.

                                       11
<PAGE>

               (g) Consent to Jurisdiction, Service of Process and Notices.  The
                   -------------------------------------------------------
parties hereto, acting for themselves and for their respective successors and
assigns, without regard to domicile, citizenship or residence, hereby expressly
and irrevocably consent to and subject themselves to the jurisdiction of the
courts of the State of Connecticut and/or the United States District Court for
the District of Connecticut, in respect of any matter arising under or in
connection with this Agreement; and service of process, notices and demands of
such courts and any other notices or other communications required or permitted
under this Agreement may be made upon any of them by personal service at any
place where they may be found, or by telefax (with confirming receipt), or by
delivery of such process, notices, demands and communications by express mail
courier (postage prepaid), or United States registered or certified mail (return
receipt requested), addressed to the respective party or parties at the address
or addresses set forth on the signature page hereof.  No change in such
addresses shall be effective insofar as service of process, notices, demands and
communications are concerned, unless such change of address shall have been
given to the other party hereto as provided in this Section.  Any notice given
hereunder shall be deemed given and received on the date of personal service or
transmission by telefax, or one (1) business day after delivery to an express
mail courier for next day delivery, or three (3) business days after deposit
with the United States Postal Service, as the case may be.

                                       12
<PAGE>

               (h) Successors and Assigns. This Agreement is binding upon and
                   ----------------------
shall inure to the benefit of the parties hereto, and their respective heirs,
legal representatives, successors and assigns and shall also be binding on all
persons who have or claim an interest in any Shares; provided, however,
Shareholder may not assign, transfer, pledge, encumber or otherwise dispose of
this Agreement or any rights hereunder without the prior written consent of the
Corporation, or unless specifically permitted herein. No third party is intended
to receive any benefit from this Agreement.

               (i) Survival.  Notwithstanding anything in this Agreement, the
                   --------
obligations of Shareholder under Sections 6 and 7 shall be binding on
Shareholder even after he ceases to be a shareholder of the Corporation.

               (j) Waivers. No waiver by a party, or by anyone claiming by,
                   -------
through or under such party, of any right or of the breach of any
representation, warranty, covenant, agreement, condition or duty, shall ever be
held or construed as a waiver of the same or any other right or waiver of any
other breach of the same or of any representation, warranty, covenant,
agreement, condition, or duty. In the event of a breach by a party of any
representation, warranty, covenant, agreement, condition or duty, the failure by
any other party to take action on account of such breach or to enforce any
rights resulting therefrom shall not be deemed a waiver, but such breach shall
be a continuing breach until the same has been cured. No waiver of any of the
provisions of this Agreement shall be deemed or shall constitute a continuing
waiver unless otherwise expressly provided therein.

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               (k) Rules of Construction.
                   ---------------------

                   (i)    Unless the context of this Agreement otherwise
requires, (a) words of any gender include each other gender; and (b) words using
the singular or plural number also include the plural or singular number,
respectively.

                   (ii)   In the event any ambiguity or question of intent or
interpretation arises under this Agreement, this Agreement shall be construed as
if drafted jointly by the parties and no presumption or burden of proof shall
arise favoring or disfavoring any party by virtue of the authorship of any of
the provisions of this Agreement.

                   (iii)  The headings in this Agreement are for convenience of
reference only and shall not alter or affect the meaning hereof.

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

                                       NEWSUB SERVICES, INC.

___________________________________    By:  ________________________________
Shareholder                            Its President
Name:                                  Address:  Four High Ridge Park
Address:                                         Stamford, CT  06905-1325

                                       14
<PAGE>

                                         January 4, 1999
NewSub Services, Inc.
Four High Ridge Park
Stamford, CT 06905

          Re:  1999 NewSub Services, Inc.  Stock Options
               -----------------------------------------

Ladies and Gentlemen:

          This will confirm that the NewSub Services, Inc. stock options being
granted to me as of January 4, 1999, and any securities I may receive upon the
exercise of such options, shall be held subject to and shall be governed by the
terms and conditions of the Option Shareholders Agreement between the Company
and me dated as of _____ ___, ____ (the "Option Shareholders Agreement").

          I agree and confirm that the Option Shareholders Agreement shall be
modified by adding the following provision as Section 11:

               Termination of Agreement.  In the event that the Corporation
               ------------------------
               shall sell securities in a public offering pursuant to an
               effective registration statement under the Securities Act (a
               "Public Offering"), this Agreement shall terminate and be of no
               further force and effect upon expiration of the Holdback Period.
               "Holdback Period" shall mean the period of time after the date
               the Corporation commences the Public Offering during which the
               Corporation requires that the Shareholder may not exercise or
               sell or distribute publicly, including a sale pursuant to Rule
               144 under the Securities Act, any Shares, which period of time
               shall be equal to 180 days or such shorter period of time as the
               Corporation may agree in writing. Notwithstanding the foregoing,
               Sections 6 and 7 shall survive the termination of this Agreement
               by reason of the foregoing.

          I understand and acknowledge that the granting of 1999 stock options
to me is conditioned upon my confirming that all of my Shares (as defined in the
Option Shareholders Agreement) are subject to the Option Shareholders Agreement,
as modified above.  If requested by the Company, I will execute another Option
Shareholders Agreement as so modified.

                                         Very truly yours,

                                         ___________________________________

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