Document:

EARNOUT
      AGREEMENT

    

    This
      Earnout Agreement (“Agreement”) is entered into this 10th day of June, 2008, by
      and between theglobe.com, Inc., a Delaware corporation (“Parent”), and The
      Registry Management Company, LLC, a Florida limited liability company
      (“Buyer”).

    

    RECITALS

    

    A. Parent
      has this date sold to Buyer substantially all of the assets of its wholly-owned
      subsidiary, Tralliance Corporation, a New York corporation (“Tralliance”), which
      assets also constitute substantially all of the assets of the Parent on a
      consolidated basis with its subsidiaries, pursuant to a Purchase Agreement
      dated
      as of June 10, 2008, by and among Tralliance, the Parent and Buyer (the
“Purchase Agreement”). Defined terms used herein and not otherwise defined
      herein shall have the meanings ascribed to such terms in the Purchase
      Agreement.

    

    B. The
      Purchase Agreement provides that a portion of the purchase price will be
      calculated and paid as an earnout based upon the Net Revenues (as hereinafter
      defined) generated by the Buyer over the Term (hereinafter
      defined).

    

    C. Parent
      and Buyer have agreed that determination and payment of the earnout contemplated
      by the Purchase Agreement shall be made in accordance with the terms of this
      Agreement.

    

    Now,
      therefore, in consideration of the premises and of the respective covenants
      and
      provisions herein contained, Parent and Buyer agree as follows:

     

    ARTICLE
      I

    DEFINITIONS

     

    1.1 Business
      shall
      have the meaning of such term as set forth in the Purchase
      Agreement.

     

    1.2 Cumulative
      Minimum Payment Amount
      shall
      mean the sum of Two Million One Hundred Seventy Five Thousand Dollars
      ($2,175,000), plus an amount equal to the number of effective days in the final
      Earnout Period divided by 365 multiplied by Four Hundred Fifty Thousand Dollars
      ($450,000).

     

    1.3 Earnout
      Amount
      means
      with respect to any particular time period, an amount equal to ten percent
      (10.0%) of the Net Revenues of the Buyer for such period.

     

    1.4 Earnout
      Period
      shall
      mean the one year period commencing on the Closing Date and all succeeding
      one
      year periods thereafter (or portion thereof with respect to the last such year)
      during the Term.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    1.5 Fiscal
      Quarter
      shall
      mean the calendar quarters ending on March 31, June 30, September 30 and
      December 31.

    

    1.6 Net
      Revenue
      shall
      have the meaning set forth in Section 3.1 below with respect to the Company
      and
      any subsidiary thereof. 

     

    1.7 Term
      shall
      mean the period commencing on the date hereof and continuing until the close
      of
      business on May 5, 2015. 

     

    ARTICLE
      II

    EARNOUT
      PAYMENT

     

    2.1 Minimum
      Earnout Payments. The
      minimum Earnout Amount that shall be paid to the Parent with respect to the
      initial Earnout Period shall be Three Hundred Thousand Dollars ($300,000).
      Thereafter, the minimum Earnout Amount that shall be paid to the Parent shall
      increase by $25,000 in each subsequent Earnout Period until the end of the
      Term,
      with the minimum Earnout Amount for the last Earnout Period prorated based
      upon
      the effective number of days in that period. The minimum aggregate Earnout
      Payments that shall be paid to the Parent over the Term shall be equal to the
      Cumulative Minimum Payment Amount. Within ten (10) Business Days following
      the
      end of each Fiscal Quarter during the Term, Buyer shall pay to the Parent an
      amount equal to twenty-five percent (25%) of the minimum Earnout Amount due
      for
      that Earnout Period, except that the quarterly payments due during the final
      Earnout Period shall be equal to thirty three and one-third percent (33
      1/3rd%)
      of the
      minimum Earnout Amount due for such final Earnout Period.

    

    2.2 Yearly
      Earnout Payments.
      As
      further provided in Section 3.2(a) below, within twenty (20) Business Days
      following the end of each Earnout Period (or May 5, 2015 with respect to the
      last such Earnout Period) during the Term, Buyer shall pay to Parent an amount
      equal to the excess, if any, of the Net Revenue of the Buyer for such period
      multiplied by ten percent (10.0%) (the “Yearly Earnout Payment”) over the sum of
      all Minimum Earnout payments made and attributable to such Earnout
      Period.

     

    2.3 Interest.
      Unless
      such payment is not timely made, Parent
      shall not be entitled to any interest on any payments under this Agreement.
      Any
      minimum Earnout Amount or Yearly Earnout Payment that is not made on a timely
      basis shall bear interest at the rate of one percent (1%) per month from the
      date due until paid in full.

     

    2.4 Right
      to Operate the Business. The
      Parent acknowledges that following the Closing of the Purchase Agreement Buyer
      will have the right to operate the Business of the Buyer in a manner that Buyer
      deems appropriate in Buyer’s sole discretion, but subject to the provisions of
      Section 2.5 hereof. Notwithstanding the foregoing, at all times during the
      Term,
      the Buyer shall diligently proceed with commercially reasonable efforts to
      develop and market the Business. 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    2.5 Segregation
      of Business within the Buyer.
      The
      Parties acknowledge and agree that the earn-out calculations under this
      Agreement assume that the Buyer acts as a single purpose entity and continues
      to
      operate the Business of the Tralliance solely within the Buyer. During the
      Term,
      the Buyer covenants that it will only own and operate the Business (together
      will such other business as is related or incidental thereto) through the Buyer
      or a subsidiary thereof, or will implement appropriate procedures to accurately
      track Net Revenues as contemplated by this Agreement, which procedures will
      be
      subject to the approval of Parent which consent will not be unreasonably
      withheld. 

     

    ARTICLE
      III

    COMPUTATION
      OF NET REVENUE; PAYMENT

     

    3.1 Manner
      of Computation.
      For
      purposes of this Agreement, “Net Revenue” for any period shall mean the total
      cash received by the Buyer and its subsidiaries related to registrations of
      “.travel” domain names, net of third-party registry operator fees, if
      applicable, and exclusive of any cash received from a Bulk Purchase Program.
      “Bulk Purchase Program” means any agreement or program of Buyer or its
      subsidiaries pursuant to which a single purchaser or affiliated group of
      purchasers registers or renews more than twenty five thousand (25,000) “.travel”
domain names.

     

    3.2 Time
      of Determination and Payment

     

    (a) Within
      twenty (20) Business Days after the end of each Earnout Period during the Term,
      the Buyer shall provide the Parent a complete and accurate statement of its
      Net
      Revenues for such Earnout Period (the “Earnout Statements”). Each Earnout
      Statement shall be certified as accurate by an officer of the Buyer and shall
      be
      accompanied by payment of the amounts shown as due on such Earnout Statement.
      All payments made hereunder shall be in United States currency drawn on a United
      States bank, unless otherwise specifically agreed upon by the parties.

     

    (b) The
      Buyer
      shall retain records relating to all of its Net Revenue and its Earnout
      Statements for at least one (1) year after the expiration or termination of
      this
      Agreement. Parent, directly or through its representative, shall be entitled
      to
      inspect the Buyer's books and records relating to said Net Revenue and Earnout
      Statements for purposes of verifying the accuracy of the Earnout Statements
      delivered to it pursuant to 3.2(a) of this Agreement.

     

    (c) Such
      inspection and access will be available to Parent upon not less than five (5)
      days written notice to the Buyer, not more than once each calendar year of
      the
      Term, during normal business hours, and once a year for one (1) year after
      the
      expiration or termination of this Agreement. Should such inspection reveal
      with
      reasonable certainty a discrepancy in reporting and payment of amounts due
      to
      the Parent’s detriment, then the Buyer shall promptly pay to the Parent the
      amount of such discrepancy. In addition, if the discrepancy in reporting and
      payment is the greater of (i) five percent (5%) and (ii) twenty thousand dollar
      ($20,000) over the course of any consecutive four quarters, Buyer shall also
      pay
      to Parent the reasonable and necessary costs of such inspection plus interest
      on
      the amount due from the date that it should have been paid until the date of
      actual payment at the rate of twelve percent (12%) per annum. 

     

    
      
        
        

      

      
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    ARTICLE
      IV

    MISCELLANEOUS

     

    4.1 Benefit
      of Parties and Assignment.
      All of
      the terms and provisions of this Agreement shall be binding upon and inure
      to
      the benefit of the parties and their respective permitted successors and
      assigns. This Agreement shall not be assignable by either party without the
      prior written consent of the other party.

     

    4.2 Entire
      Agreement.
      This
      Agreement contains the entire understanding of the parties with respect to
      the
      subject matter hereof and supersedes all prior agreements and understandings
      between the parties with respect thereto.

     

    4.3 Counterparts.
      This
      Agreement may be executed simultaneously in two or more counterparts, each
      of
      which shall be deemed an original, but all of which together shall constitute
      one and the same instruments.

     

    4.4 Notices.
      Any
      notice required or permitted to be given hereunder shall be given in accordance
      with Section 11.1 of the Purchase Agreement.

     

    4.5 Waiver
      of Compliance
      The
      party for whose benefit a warranty, representation, covenant or condition is
      intended may, in writing, waive any inaccuracies in the warranties,
      representations, covenants or conditions contained in this Agreement or waive
      compliance with any of the foregoing and so waive performance of any of the
      obligations of the other party hereto and any defaults hereunder, provided,
      however, that such waiver shall not affect or impair the waiving party’s rights
      in respect to any other warranty, representation, covenant, condition or default
      hereunder.

     

    4.6 Index
      and Captions
      The
      captions of the Articles and Sections of this Agreement are solely for
      convenient reference and shall not be deemed to affect the meaning or
      interpretation of any Article or Section hereof.

     

    4.7 Governing
      Law; Venue.
      This
      Agreement will be governed by and construed under the laws of the State of
      Florida without regard to conflicts of laws principles that would require the
      application of any other law. Each of the parties irrevocably and
      unconditionally (a) agrees that any suit, action or legal proceeding arising
      out
      of or relating to this Agreement may be brought in the courts of record of
      the
      State of Florida in Broward County or the court of the United States, Southern
      District of Florida; (b) consents to the jurisdiction of each such court in
      any
      suit, action or proceeding; (c) waives any objection which it may have to the
      laying of the venue of any such suit, action or proceeding in any of such
      courts; and (d) agrees that service of any court paper may be effected on such
      party by mail, as provided in this Agreement, or in such other manner as may
      be
      provided under applicable laws or court rules in said state. 

     

    [Signatures
      appear on the next page]

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the parties have hereunto caused this Agreement to be executed
      in multiple original counterparts as of the date set forth above. 

     

    
      	
              PARENT:

            
	 
	
              theglobe.com,
                inc.

            
	 	 
	
              By:

            	
              /s/
                Edward A. Cespedes

            
	
              Print Name: 
                Edward
                A. Cespedes

            
	 	 
	
              BUYER:

            
	 	 
	
              The
                Registry Management Company, LLC

            
	 	 
	
              By:

            	
              /s/
                Michael S. Egan

            
	
              Print
                Name: Michael
                S. Egan

            

    

    

    
      
        
        

      

      
        5Unassociated Document

     

    

    SERVICES
      AGREEMENT

    

    Services
      Agreement made this 11th day of June, 2008 by and between Emvelco Corp. (the
      "Company"), a Delaware company with an address at 10990 Wilshire Blvd, Suite
      1220, Los Angeles, A 90024 and Mehmet Haluk Undes, an attorney with a mailing
      address at Siraselviler Caddesi 77/1 Taksim, Istanbul, Turkey (the
      "Consultant").

    

    W
      I T N E
      S S E T H:

    

    A. 
      The
      Company desires to engage the services of the Consultant for purposes of
      assisting the Company in identifying, evaluating and structuring mergers,
      consolidations, acquisitions, joint ventures and strategic alliances in
      Southeast Europe, Middle East and the Turkic Republics of Central
      Asia.

    

    B. 
      Consultant
      is desirous of performing such services on behalf of the Company and desires
      to
      be engaged and retained by the Company upon the terms and conditions provided
      for herein.

    

    NOW,
      THEREFORE, in consideration of the recitals, promises and conditions in this
      Agreement, the Consultant and the Company agree as follows:

    

    1. 
      Consulting
      Services. 
      The Company hereby retains the Consultant on an exclusive basis, and the
      Consultant accepts such retention for the following functions, services and
      duties: 

    

    

    
      	
            	1.1	
              Acquisition
                Consulting Services. 
                The Consultant agrees that during the term of this Agreement it will
                assist the Company in the identification, evaluation, structuring,
                negotiating and closing of business acquisitions, whether in the
                form of
                asset purchases, stock purchases, mergers, consolidations, joint
                ventures,
                strategic alliances or otherwise.

            

    

    
      	
            	1.2	
              New
                Business Development. 
                The Consultant agrees to use his best efforts to identify strategic
                partners who can produce and distribute the Company’s products in the
                regions stated above. The partnership forms maybe joint ventures,
                licensing and other commercial
                arrangements.

            

    

    
      	
            	1.3	
              Intentionally
                left blank.

            

    

    
      	
            	1.4	
              Legal
                Services. 
                The Consultant agrees to provide legal services as the attorney of
                the
                Company in all matters related to the activities
                above.

            

    

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    2. 
      Term. 
      The term of this Consulting Agreement shall be for a five (5) year period
      commencing on the date hereof and thereafter.

    

    3. 
      Compensation.
      

    

    3.1 
      As
      full
      consideration for the services to be provided pursuant to paragraph 1 of this
      Agreement and for the expenses to be incurred in the provision of such services,
      the Company shall issue to the Consultant 525,000 free-trading shares of its
      Common Stock, which such shares shall be issued no later than July 1,
      2008.

    

    3.2 
      The
      Company hereby acknowledges and consents that Consultant may receive additional
      fees or other compensation from one or more of the lenders, subscribers,
      customers, investors or parties to any transaction described in this Agreement
      or any sources of funding identified by Consultant, for various services which
      may include, in part, services related to this Agreement.

    

    3.3 
      The
      Company hereby acknowledges and consents that Consultant may receive additional
      fees or other compensation from one or more of the lenders, subscribers,
      customers, investors or parties to any transaction described in this Agreement
      or any sources of funding identified by Consultant, for various services which
      may include, in part, services related to this Agreement.

     

    4. 
      Expenses. 
      The
      Consultant shall be responsible for the payment for all fees and disbursements
      of the Consultant 's travel and out-of-pocket expenses incurred in connection
      with the services performed by the Consultant pursuant to this Agreement,
      including without limitation, hotels, food and associated expenses and long
      distance calls; provided, however, any expense in excess of $500 shall be
      preapproved by the Company in writing.

     

    5. 
      Consultant's
      Services to Others. 
      The
      Company acknowledges that the Consultant or its affiliates are in the business
      of providing financial advisory and investment banking consulting advice to
      others. Nothing contained in this Agreement shall be construed to limit or
      restrict the Consultant in conducting such business with others, or in rendering
      such advice to others, except to any direct competitors of the
      Company.

     

    6. 
      Representation
      and Indemnification by Company.

    

    (a) 
      The
      Company shall be deemed to make a continuing representation of the accuracy
      of
      any and all material facts, material, information, and data which it supplies
      to
      the Consultant and the Company acknowledges its awareness that the Consultant
      will rely on such continuing representation in disseminating such information
      and otherwise performing duties under this Agreement.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    (b) 
      The
      Consultant, in the absence of notice in writing from the Company, will rely
      on
      the continuing accuracy of material, information and data supplied by the
      Company.

    

    (c) 
      The
      Company hereby agrees to indemnify the Consultant against, and to hold the
      Consultant harmless from, any claims, demands, suits, loss, damages, etc.
      arising out of the Consultant's reliance upon the accuracy and continuing
      accuracy of such facts, material, information and data, unless the Consultant
      has been negligent in fulfilling his duties and obligations
      hereunder.

    

    (d) 
      The
      Company hereby agrees to indemnify the Consultant against, and to hold the
      Consultant harmless from, any claims, demands, suits, loss, damages, etc.
      arising out of the Consultant's reliance on the general availability of
      information supplied to the Consultant and the Consultant's ability to
      promulgate such information, unless the Consultant has been grossly negligent
      in
      fulfilling his duties and obligations hereunder.

    

    (e) 
      Consultant
      recognizes and acknowledges that during the course of performing the services
      it
      will acquire information regarding the Company and the Company’s business
      methods, technology, products, plans and clients and other information which
      is
      not publicly known and which the Company regards as proprietary to it and
      includes any confidential proprietary information (“Confidential Information”).
      Without limiting the generality of the foregoing, Confidential Information
      includes all proprietary know-how, use and applications know-how, technical
      information, product formulae and formulations and other trade secrets relating
      to the Company’s products and proposed products, any information or other
      information contained in any patent application, regardless of whether a patent
      is ever issued with respect to such application, results of studies and surveys,
      in any stage of development, including, without limitation, modifications,
      enhancements, designs, concepts, techniques, methods, ideas, flow charts and
      all
      other information relating to the Company’s products.

     

    (f) 
      Consultant
      agrees that it will not, at any time, whether during or after the term, disclose
      to any person or use, directly or indirectly, for Consultant’s own benefit or
      the benefit of others, or aid or assist others in using any Confidential
      Information, or permit any person to examine or make copies of any document
      which may contain or is derived from Confidential Information, whether prepared
      by Consultant or otherwise coming into Consultant’s possession or
      control.

     

    (g) 
      In
      the
      event that Consultant is, pursuant to, or required by, applicable law,
      regulation or legal process, to disclose any of the Confidential Information,
      Consultant will notify the Company promptly so that the Company may, at its
      cost, seek a protective order or other appropriate remedy or, its sole
      discretion, waive compliance with the terms of this section. Consultant shall
      not disclose any Confidential Information until the court has made a ruling.
      In
      the event that no such protective order or other remedy is obtained, or in
      the
      event that the disclosing party waives compliance with the terms of this
      section, Consultant will furnish only that portion of the Confidential
      Information which it is advised by counsel is legally required and will exercise
      all reasonable efforts to obtain reliable assurance that confidential treatment
      will be accorded the Confidential Information.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    (h) 
      Consultant
      shall, upon termination of Consultant’s engagement with the Company, or earlier
      at the request of the Company, turn over to the Company all documents, papers,
      computer disks or other material in Consultant’s possession or under
      Consultant’s control which may contain or be derived from Confidential
      Information, together with all documents, notes or other work products which
      are
      connected with or derived from the services. To the extent that any Confidential
      Information is on Consultant’s hard drive or other storage media, he shall, upon
      the request of the Company, cause such information to be erased from his
      computer disks and all other storage media.

     

    7. 
      Representation
      and Indemnification by Consultant.

    

    (a) 
      The
      Consultant agrees to provide its services hereunder in a good and workmanlike
      manner consistent with the performance standards observed by other professionals
      undertaking such functions.

    

    (b) 
      The
      Consultant agrees that it will not release or disseminate any information
      pertaining to the Company without providing the Company with an advance copy
      thereof and obtaining authorization for such release and
      dissemination.

    

    (c) 
      The
      Consultant hereby agrees to indemnify the Company against, and to hold the
      Company harmless from, any claims, demands, suits, loss, damages, etc. arising
      out of any inaccurate statement or misrepresentation provided that such
      indemnification shall not pertain to any information provided by or attributable
      to the Company.

     

    8. 
      Relationship
      of Parties. 
      The Consultant is an independent contractor, responsible for compensation of
      its
      agents, employees and representatives, as well as all applicable withholding
      therefrom and taxes thereon (including unemployment compensation) and all
      workers compensation insurance. This Agreement does not establish any
      partnership, joint venture, or other business entity or association between
      the
      parties, and neither party is intended to have any interest in the business
      or
      property of the other.

    

    9. 
      Termination. 
      This Agreement may not be terminated by either party prior to the expiration
      of
      the term provided in Paragraph 2 above except as follows:

    

    (a) 
      Upon
      failure of the other party to cure a material default under, or a breach of,
      this Agreement within thirty (30) days after written notice is given as to
      such
      breach by the terminating party;

    

    (b) 
      Upon
      the
      bankruptcy or liquidation of the other party, whether voluntary or
      involuntary;

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    (c) 
      Upon
      the
      other party taking the benefit of any insolvency law; and/or;

    

    (d) 
      Upon
      the
      other party having or applying for a receiver appointed for all or a substantial
      part of such party's assets or business.

    

    10. 
      Disclaimer
      by Consultant. 
      The Consultant makes no representation that (a) the price of the Company's
      publicly-traded securities will increase, (b) any person will purchase
      securities in the Company as a result of the contract, or (c) any investor
      will
      lend money to or invest in or with the Company.

    

    11. 
      Non-Assignability. 
      The rights, obligations and benefits established by this Agreement shall not
      be
      assignable by either party hereto except with the consent of the other. This
      Agreement shall, however, be binding upon and shall inure to the benefit of
      the
      parties and their successors.

    

    12. 
      Governing
      Law. 
      The terms and provisions of this Agreement shall be governed by and construed
      under the laws of the State of California.

    

    13. 
      Notice. 
      Notice hereunder shall be in writing and shall be deemed to have been given
      (a)
      at the time when deposited for mailing in a receptacle under the control of
      the
      United States Postal Service, by registered or certified mail, prepaid, return
      receipt requested, or (b) on the business day following deposit with a reputable
      overnight courier for overnight delivery; each addressed to the respective
      party
      at the address of such party first above written or at such other address as
      such party may fix by notice given pursuant to this paragraph.

    

    14. 
      No
      Other Agreements. 
      This Agreement supersedes all prior understandings, written or orally given
      and
      constitutes the entire Agreement between the parties hereto with respect to
      the
      subject matter hereof. No waiver, modification or termination of this Agreement
      shall be valid unless in writing signed by each of the parties
      hereto.

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF, the parties have hereunto set their hands and seals the day
      and
      year first above written.

    
      	 	 	 
	 	EMVELCO
              CORP.
	 
 	 
 	 
 
	 	By:  	/s/
              Yossi Attia 
	 	
              
Yossi
              Attia, CEO

    

     

    
      	 	 	 
	 	MEHMET
              HALUK UNDES
	 
 	 
 	 
 
	 	By:  	/s/
              Mehmet Haluk Undes 
	 	
              

            
	 	 

    

     

     

    
      
         

      

      
        6

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