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                                                                    EXHIBIT 10.3

        "ATTACHED RIDER SETS FORTH RIGHTS AND OBLIGATIONS OF TENANTS AND
     LANDLORDS UNDER THE RENT STABILIZATION LAW." ("LOS DERECHOS Y RESPON-
       SABILIDADES DE INQUILINOS Y CASEROS ESTAN DISPONIBLE EN ESPANOL").

                        STANDARD FORM OF APARTMENT LEASE
                     THE REAL ESTATE BOARD OF NEW YORK, INC.
                    (C) Copyright 1988. All Rights Reserved.
                  Reproduction in whole or in part prohibited.

         PREAMBLE: This lease contains the agreements between You and Owner
concerning Your rights and obligations and the rights and obligations of Owner.
You and Owner have other rights and obligations which are set forth in
government laws and regulations.

         You should read this Lease and all of its attached parts carefully. If
You have any question or if You do not understand any words or statements, get
clarification. Once You and Owner sign the Lease You and Owner will be presumed
to have read it and understood it. You and Owner admit that all agreements
between You and Owner have been written into this Lease. You understand that any
any agreements made before or after this Lease was signed and not written into
it will not be enforceable.

         THIS LEASE is made on                March 30, 2001            between
                               ---------------------------------------
                                   month        day         year
Owner,               BROAD STREET LLC
       -------------------------------------------------------------------------
whose address is   25 BROAD STREET NEW YORK, NY 10004
                 ---------------------------------------------------------------
and You, the Tenant,   MacReport.Net, Inc./Vito Lucchetti
                     -----------------------------------------------------------

1. APARTMENT AND USE
         Owner agrees to lease to you Apartment    TSI       on the    TS
                                                 ----------          -----------

floor in the Building at 25 Broad Street  Borough of      MANHATTAN   , City
                        -----------------            ----------------
and State of New York.

         You shall use the Apartment for living purposes only. The Apartment may
be occupied by the tenant or tenants named above and by the immediate family of
the tenant or tenants and by occupants as defined in and only in accordance with
Real Property Law ss.235-f.

2. LENGTH OF LEASE

         The term (that means the length) of this Lease is  1  years,  0  months
                                                           ---        ---
   0    days beginning on  April 15, 2001 and ending on    April 14, 2002    .
------                     --------------                -------------------
If you do not do everything You agree to do in this Lease, Owner may have the
right to end it before the above date. If Owner does not do everything that
owner agrees to do in this Lease. You may have the right to end the Lease before
ending date.

3. RENT

         Your monthly rent for the Apartment is $  5,195* paid in advance for
                                                 ------------------------------
a total of $61,340 *** $2000 credit issued to tenant.
--------------------------------------------------------------------------------
until adjusted pursuant to Article 4 below. You must pay Owner the rent, in
advance, on the first day of each month either at Owner's office or at another
place that Owner may inform You of by written notice. You must pay the first
month's rent to Owner when You sign this Lease if the lease begins on the first
day of the month. If the Lease begins after the first day of the month, You must
pay when you sign this lease (1) the part of the rent from the beginning date of
this Lease until the last day of the month and (2) the full rent for the next
full calendar month. If this Lease is a Renewal Lease, the rent for the first
month of this Lease need not be paid until the first day of the month when the
renewal term begins.

4. RENT ADJUSTMENTS

         If this Lease is for a Rent Stabilized apartment, the rent herein shall
be adjusted up or down during the Lease term, including retroactively, to
conform to the Rent Guidelines. Where Owner, upon application to the State
Division of Housing and Community Renewal ("authorized agency") is found to be
entitled to an increase in rent or other relief, You and Owner agree: a. to be
bound by such determination; b. where the authorized agency has granted an
increase in rent, You shall pay such increase in the manner set forth by the
authorized agency; c. except that in the event that an order is issued
increasing the stablization rent because of Owner hardship, You may, within
thirty (30) days of your receipt of a copy of the order, cancel your lease on
sixty (60) days written notice to Owner. During said period You may continue in
occupancy at no increase in rent.

5. SECURITY DEPOSIT

         You are required to give Owner the sum of $ 5,195 when You sign this
                                                    ------
Lease as a security deposit, which is called in law a trust. Owner will deposit
this security in       Chase Manhattan Bank           bank at Water Street .
                 ----------------------------------           -------------
If the Building contains six or more apartments, the bank account will earn
interest. If You carry out all of your agreements in this Lease, at the end of
each calendar year Owner or the bank will pay to Owner 1% interest on the
deposit for administrative costs and to You all other interest earned on the
security deposit.

         If You carry out all of your agreements in this Lease and if You move
out of the Apartment and return it to Owner in the same condition it was in when
You first occupied it, except for ordinary wear and tear or damage caused by
fire or other casualty, Owner will return to You the full amount of your
security deposit and interest to which You are entitled within 60 days after
this Lease ends. However, if You do not carry out all your agreements in this
Lease, Owner may keep all or part of your security deposit and any interest
which has not yet been paid to You necessary to pay Owner for any losses
incurred, including missed payments.

         If Owner sells or leases the building, Owner will turn over your
security, with interest, either to You or to the person buying or leasing
(lessee) the building within 5 days after the sale or lease. Owner will then
notify You, by registered or certified mail, of the name and address of the
person or company to whom the deposit has been turned over. In such case, Owner
will have no further responsibility to You for the security deposit. The new
owner or lessee will become responsible to You for the security deposit.

6. IF YOU ARE UNABLE TO MOVE IN

         A situation could arise which might prevent Owner from letting You move
into the Apartment on the beginning date set in this Lease. If this happens for
reasons beyond Owner's reasonable control, Owner will not be responsible for
Your damages

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Space to be filled in.

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or expenses, and this Lease will remain in effect. However, in such case, this
Lease will start on the date when You can move in, and the ending date in
Article 2 will be changed to a date reflecting the full term of years set forth
in Article 2. You will not have to pay rent until the move-in date Owner gives
You by written notice, or the date You move in, whichever is earlier. If Owner
does not give You notice that the move-in date is within 30 days after the
beginning date of the term of this Lease as stated in Article 2, You may tell
Owner in writing, that Owner has 15 additional days to let You move in, or else
the Lease will end. If Owner does not allow You to move in within those
additional 15 days, then the Lease is ended. Any money paid by You on account of
this Lease will then be refunded promptly by Owner.

7. CAPTIONS

         In any dispute arising under the Lease, in the event of a conflict
between the text and a caption, the text controls.

8. WARRANTY OF HABITABILITY

         A. All of the sections of this Lease are subject to the provisions of
the Warranty of Habitability Law in the form it may have from time to time
during this Lease. Nothing in this Lease can be interpreted to mean that You
have given up any of your rights under that law. Under that law, Owner agrees
that the Apartment and the Building are fit for human habitation and that there
will be no conditions which will be detrimental to life, health or safety.

         B. You will do nothing to interfere or make more difficult Owner's
efforts to provide You and all other occupants of the Building with the required
facilities and services. Any condition caused by your misconduct or the
misconduct of anyone under your direction or control shall not be a breach by
Owner.

9. CARE OF YOUR APARTMENT-END OF LEASE-MOVING OUT

         A. You will take good care of the apartment and will not permit or do
any damage to it, except for damage which occurs through ordinary wear and tear.
You will move out on or before the ending date of this lease and leave the
Apartment in good order and in the same condition as it was when You first
occupied it, except for ordinary wear and tear and damage caused by fire or
other casualty.

         B. When this Lease ends, You must remove all of your movable property.
You must also remove at your own expense, any wall covering, bookcases,
cabinets, mirrors, painted murals or any other installation or attachment You
may have installed in the Apartment, even if it was done with Owner's consent.
You must restore and repair to its original condition those portions of the
Apartment affected by those installations and removals. You have not moved out
until all persons, furniture and other property of yours is also out of the
Apartment. If your property remains in the Apartment after the Lease ends, Owner
may either treat You as still in occupancy and charge You for use, or may
consider that You have given up the Apartment and any property remaining in the
Apartment. In this event, Owner may either discard the property or store it at
your expense. You agree to pay Owner for all costs and expenses incurred in
removing such property. The provisions of this article will continue to be in
effect after the end of this Lease.

10. CHANGES AND ALTERATIONS TO APARTMENT

         You cannot build in, add to, change or alter, the Apartment in any way,
including wallpapering, painting, repainting, or other decorating, without
getting Owner's written consent before You do anything. Without Owner's prior
written consent, You cannot install or use in the Apartment any of the
following: dishwasher machines, clothes washing or drying machines, electric
stoves, garbage disposal units, heating, ventilating or air conditioning units
or any other electrical equipment which, in Owner's reasonable opinion, will
overload the existing wiring installation in the Building or interfere with the
use of such electrical wiring facilities by other tenants of the Building. Also,
You cannot place in the Apartment water-filled furniture.

11. YOUR DUTY TO OBEY AND COMPLY WITH LAWS, REGULATIONS AND LEASE RULES

         a. Government laws and orders. You will obey and comply (1) with all
present and future city, state and federal laws and regulations, including the
Rent Stabilization Code and Law, which affect the Building or the Apartment, and
(2) with all orders and regulations of Insurance Rating Organizations which
affect the Apartment and the Building. You will not allow any windows in the
Apartment to be cleaned from the outside, unless the equipment and safety
devices required by law are used.

         B. Owner's Rules Affecting You. You will obey all Owner's rules listed
in this Lease and all future reasonable rules of Owner or Owner's agent. Notice
of all additional rules shall be delivered to You in writing or posted in the
lobby or other public place in the building. Owner shall not be responsible to
You for not enforcing any rules, regulations or provisions of another tenant's
lease except to the extent required by law.

         C. Your Responsibility. You are responsible for the behavior of
yourself, of your immediate family, your servants and people who are visiting
You. You will reimburse Owner as additional rent upon demand for the cost of
all losses, damages, fines and reasonable legal expenses incurred by Owner
because You, members of your immediate family, servants or people visiting You
have not obeyed government laws and order of the agreements or rules of this
Lease.

12. OBJECTIONABLE CONDUCT

         As a tenant in the Building, You will not engage in objectionable
conduct. Objectionable conduct means behavior which makes or will make the
Apartment or the Building less fit to live in for You or other occupants. It
also means anything which interferes with the right of others to properly and
peacefully enjoy their Apartments, or causes conditions that are dangerous,
hazardous, unsanitary and detrimental to other tenants in the Building.
Objectionable conduct by You gives Owner the right to end this Lease.

<PAGE>

13. SERVICES AND FACILITIES

         A. Required Services. Owner will provide cold and hot water and heat as
required by law, repairs to the Apartment, as required by law, elevator service
if the Building has elevator equipment, and the utilities, if any, included in
the rent, as set forth in sub-paragraph B. You are not entitled to any rent
reduction because of a stoppage or reduction of any of the above services unless
it is provided by law.

         B. The following utilities are included in the rent Gas, Steam, Water
(Hot & Cold)

         C. Electricity and Other Utilities. If Owner provides electricity or
gas and the charge is included in the rent on Page 1, or if You buy electricity
or gas from Owner for a separate (submetered) charge, your obligations are
described in the Rider attached to this Lease. If electricity or gas is not
included in the rent or is not charged separately by Owner, You must arrange for
this service directly with the utility company. You must also pay directly for
telephone service if it is not included in the rent.

         D. Appliances. Appliances supplied by Owner in the Apartment are for
your use. They will be maintained and repaired or replaced by Owner, but if
repairs or replacement are made necessary because of your negligence or misuse,
You will pay Owner for the cost of such repair or replacement as additional
rent.

         E. Elevator Service. If the elevator is the kind that requires an
employee of Owner to operate it, Owner may end this service without reducing the
rent if: (1) Owner gives You 10 days notice that this service will end; and (2)
within a reasonable time after the end of this 10-day notice, Owner begins to
substitute an automatic control type of elevator and proceeds diligently with
its installation.

         F. Storeroom Use. If Owner permits You to use any storeroom, laundry or
any other facility located in the building but outside of the Apartment, the use
of this storeroom or facility will be furnished to You free of charge and at
your own risk, except for loss suffered by You due to Owner's negligence. You
will operate at your expense any coin operated appliances located in such
storerooms or laundries.

14. INABILITY TO PROVIDE SERVICES

         Because of a strike, labor, trouble, national emergency, repairs, or
any other cause beyond Owner's reasonable control, Owner may not be able to
provide or may be delayed in providing any services or in making any repairs to
the Building.

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Space to be filled in.

                                                 Rider to be added if necessary.
<PAGE>

                                     Page 3

         In any of these events, any rights You may have against Owner are only
those rights which are allowed by laws in effect when the reduction in service
occurs.

15.  ENTRY TO APARTMENT

         During reasonable hours Owner may enter the Apartment for the
following reasons:

         (A) To erect, use and maintain pipes and conduits in and through the
walls and ceilings of the Apartment; to inspect the Apartment; and to make any
necessary repairs or changes Owner decides are necessary. Your rent will not be
reduced because of any of this work, unless required by Law.

         (B) To show the Apartment to persons who may wish to become owners or
lessees of the entire Building or may be interested in lending money to Owner;

         (C)

         (D) If during the last month of the Lease You have moved out and
removed all or almost all of your property from the Apartment, Owner may enter
to make changes, repairs or redecorations. Your rent will not be reduced for
that month and this Lease will not be ended by Owner's entry.

         (E) If at any time You are not personally present to permit Owner or
Owner's representative to enter the Apartment and entry is necessary or allowed
by law or under this lease, Owner or Owner's representatives may nevertheless
enter the Apartment. Owner may enter by force in an emergency. Owner will not be
responsible to You, unless during this entry, Owner or Owner's representative is
negligent or misuses your property.

16.  ASSIGNING; SUBLETTING; ABANDONMENT

         (a) Assigning and Subletting. You cannot assign this Lease or sublet
the Apartment without Owner's advance written consent in each instance to a
request made by You in the manner required by Real Property Law ss226-b, and in
accordance with the provisions of the Rent Stabilization Code and Law, relating
to subletting. Owner may refuse to consent to a lease assignment for any reason
or no reason, but if Owner unreasonably refuses to consent to request for a
Lease assignment properly made, at your request in writing, Owner will end this
Lease effective as of thirty days after your request. The first and every other
time you wish to sublet the Apartment, You must get the written consent of Owner
unless Owner unreasonably withholds consent following your request to sublet in
the manner provided by Real Property Law ss226.b. Owner may impose a reasonable
credit check fee on You in connection with an application to assign or sublet.
If You fail to pay your rent Owner may collect rent from subtenant or occupant
without releasing You from the Lease. Owner will credit the amount collected
against the rent due from You. However, Owner's acceptance of such rent does not
change the status of the subtenant or occupant to that of direct tenant of Owner
and does not release You from this Lease.

         (b) Abandonment. If You move out of the Apartment (abandonment) before
the end of this Lease without the consent of Owner, this Lease will not be ended
(except as provided by law following Owner's unreasonable refusal to consent to
an assignment or subletting requested by You.) You will remain responsible for
each monthly payment of rent as it becomes due until the end of this Lease. In
case of abandonment, your responsibility for rent will end only if Owner chooses
to end this Lease for default as provided in Article 17.

17.  DEFAULT

         (1) You default under the Lease if You act in any of the following
ways:

             (a) You fail to carry out any agreement or provision of this Lease

             (b) You or another occupant of the Apartment behaves in an
                 objectionable manner;

             (c) You do not take possession or move into the Apartment 15 days
                 after the beginning of this Lease;

             (d) You and other legal occupants of the Apartment move out
                 permanently before this Lease ends;

If You do default in any one of these ways, other than a default in the
agreement to pay rent, Owner may serve You with a written notice to stop
or correct the specified default within 10 days. You must then either stop or
correct the default within 10 days, or, if You need more than 10 days, You must
begin to correct the default within 10 days and continue to do all that is
necessary to correct the default as soon as possible.

         (2) If You do not stop or begin to correct a default within 10 days,
Owner may give You a second written notice that this Lease will end six days
after the date the second written notice is sent to You. At the end of the 6-day
period, this Lease will end. You then must move out of the Apartment. Even
though this Lease ends, You will remain liable to Owner for unpaid rent up to
the end of this Lease, the value of your occupancy, if any, after the Lease
ends, and damages caused to Owner after that time as stated in Article 18.

         (3) If You do not pay your rent when this Lease requires after a
personal demand for rent has been made, or within three days after a statutory
written demand for rent has been made, or if the Lease ends, Owner may do the
following: (a) enter the apartment and retake possession of it if You have moved
out; or (b) go to court and ask that You and all other occupants in the
Apartment be compelled to move out.

         Once this Lease has been ended, whether because of default or
otherwise, You give up any right You might otherwise have to reinstate or renew
the Lease.

<PAGE>

18. REMEDIES OF OWNER AND YOUR LIABILITY

         If this Lease is ended by Owner because of your default, the following
are the rights and obligations of You and Owner.

         (a) You must pay your rent until this Lease has ended. Thereafter, You
must pay an equal amount for what the law calls "use and occupancy" until You
actually move out.

         (b) Once You are out, Owner may re-enter the Apartment or any portion
of it for a period of time which may end before or after the ending date of this
Lease. Owner may re-rent to a new tenant at a lesser rent or may charge a
higher rent than the rent in this Lease.

         (c) Whether the Apartment is re-rented or not, You must pay to Owner as
damages:

             (2) Owner's expenses for advertisements, broker's fees and the
cost of putting the Apartment in good condition for re-rental; and

          ***(3) Owner's expenses for attorney's fees.

19. ADDITIONAL OWNER REMEDIES

         If You do not do everything You have agreed to do, or if You do
anything which shows that You intend not to do what You have agreed to do, Owner
has the right to ask a Court to make You carry out your agreement or to give the
Owner such other relief as the Court can provide. This is in addition to the
remedies in Article 17 and 18 of this lease.

20. FEES AND EXPENSES

         A. Owner's Right. You must reimburse Owner for any of the following
fees and expenses incurred by Owner:

            (1) Making any repairs to the Apartment or the Building which
result from misuse or negligence by You or persons who live with You, visit You,
or work for You;

***This may be deleted.
<PAGE>

                                     Page 4

            (2) Repairing or replacing any appliance damaged by Your misuse or
negligence.

            (3) Correcting any violations of city, state or federal laws or
orders and regulations of insurance rating organizations concerning the
Apartment or the Building which You or persons who live with You, visit You, or
work for You have caused;

            (4) Preparing the Apartment for the next tenant if You move out of
your Apartment before the Lease ending date;

         ***(5) Any legal fees and disbursements for legal actions or
proceedings brought by Owner against You because of a Lease default by You or
for defending lawsuits brought against Owner because of your actions;

            (6) Removing all of your property after this Lease is ended;

            (7) All other fees and expenses incurred by Owner because of your
failure to obey any other provisions and agreements of this Lease;

         These fees and expenses shall be paid by You to Owner as additional
rent within 30 days after You receive Owner's bill or statement. If this Lease
has ended when these fees and expenses are incurred, You will still be liable to
Owner for the same amount as damages.

         B. Tenant's Right, Owner agrees that unless sub-paragraph 5 of this
Article 20 has been stricken out of this Lease You have the right to collect
reasonable legal fees and expenses incurred in a successful defense by You of a
lawsuit brought by Owner against You or brought by You against Owner to the
extent provided by Real Property Law, section 234.

21. PROPERTY LOSS, DAMAGES OR INCONVENIENCE

         Unless caused by the negligence or misconduct of Owner or Owner's
agents or employees, Owner or Owner's agents and employees are not responsible
to You for any of the following: (1) any loss of or damage to You or your
property in the Apartment or the Building due to any accidental or intentional
cause, even a theft or another crime committed in the Apartment or elsewhere in
the Building; (2) any loss of or damage to your property delivered to any
employee of the Building (i.e., doorman, superintendent, etc.); or (3) any
damage or inconvenience caused to You by actions, negligence or violations of a
Lease by any other tenant or person in the Building except to the extent
required by law. Owner will not be liable for any temporary interference with
light, ventilation, or view caused by construction by or in behalf of Owner.
Owner will not be liable for any such interference on a permanent basis caused
by construction on any parcel of land not owned by Owner. Also, Owner will not
be liable to You for such interference caused by the permanent closing,
darkening or blocking up of windows, if such action is required by law. None of
the foregoing events will cause a suspension or reduction of the rent or allow
You to cancel the Lease.

22. FIRE OR CASUALTY

         A. If the Apartment becomes unusable, in part or totally, because of
fire, accident or other casualty, this Lease will continue unless ended by Owner
under C below or by You under D below. But the rent will be reduced immediately.
This reduction will be based upon the part of the Apartment which is unusable.

         B. Owner will repair and restore the Apartment, unless Owner decides to
take actions described in paragraph C below.

         C. After a fire, accident or other casualty in the Building, Owner may
decide to tear down the Building or to substantially rebuild it. In such case,
Owner need not restore the Apartment but may end this Lease. Owner may do this
even if the Apartment has not been damaged, by giving You written notice of this
decision within 30 days after the date when the damage occurred. If the
Apartment is usable when Owner gives You such notice, this Lease will end 60
days from the last day of the calendar month in which You were given the notice.

         D. If the Apartment is completely unusable because of fire, accident or
other casualty and it is not repaired in 30 days, You may give Owner written
notice that You end the Lease. If you give that notice, this Lease is considered
ended on the day that the fire, accident or casualty occurred. Owner will refund
your security deposit and the pro-rate portion of rents paid for the month in
which the casualty happened.

         E. Unless prohibited by the applicable insurance policies, to the
extent that such insurance is collected, You and Owner release and waive all
right of recovery against the other or anyone claiming through or under each by
way of subrogation.

23. PUBLIC TAKING

         The entire building or a part of it can be acquired (condemned) by any
government or government agency for a public or quasi-public use or purpose. If
this happens, this Lease shall end on the date the government or agency take
title, You shall have no claim against Owner for any damage resulting; You also
agree that by signing this Lease, You assign to Owner any claim against the
Government or Government agency for the value of the unexpired portion of this
Lease.

24. SUBORDINATION CERTIFICATE AND ACKNOWLEDGEMENTS

         All leases and mortgages of the Building or of the land on which the
Building is located, now in effect or made after this Lease is signed, come
ahead of this Lease. In other words, this Lease is "subject and subordinate to"
any existing or future lease or mortgage on the Building or land, including any
renewals, consolidations, modifications and replacements of these leases or
mortgages. If certain provisions of any of these leases or mortgages come into
effect, the holder of such lease or mortgage can end this Lease. If this
happens, You agree that You have no claim against Owner or such lease or
mortgage holder. If Owner requests, You will sign promptly an acknowledgement of
the "subordination" in the form that Owner requires.

         You also agree to sign (if accurate) a written acknowledgement to any
third party designated by Owner that this Lease is in effect, that Owner is
performing Owner's obligations under this Lease and that you have no present
claim against Owner.

25. TENANT'S RIGHT TO LIVE IN AND USE THE APARTMENT

         If You pay the rent and any required additional rent on time and You do
everything You have agreed to do in this Lease, your tenancy cannot be cut off
before the ending date, except as provided for in Articles 22, 23 and 24.

<PAGE>

26. BILLS AND NOTICE

         A. Notices to You. Any notice from Owner or Owner's agent or attorney
will be considered properly given to You if it (1) is in writing; (2) is signed
by or in the name of Owner or Owner's agent; and (3) is addressed to You at the
Apartment and delivered to You personally or sent by registered or certified
mail to You at the Apartment. The date of service of any written notice by Owner
to you under this agreement is the date of delivery or mailing of such notice.

         B. Notices to Owner. If you wish to give a notice to Owner, You must
write it and deliver it or send it by registered or certified mail to Owner at
the address noted on page 1 of this Lease or at another address of which Owner
or Agent has given You written notice.

27. GIVING UP RIGHT TO TRIAL BY JURY AND COUNTERCLAIM

         A. Both You and Owner agree to give up the right to a trial by jury in
a court action, proceeding or counter claim on any matters concerning this
Lease, the relationship of You and Owner as Tenant and Landlord or your use or
occupancy of the Apartment. This agreement to give up the right to a jury trial
does not include claims for personal injury or property damage. B. If Owner
begins any court action or proceeding against You which asks that You be
compelled to move out, You cannot make a counterclaim unless You are claiming
that Owner has not done what Owner is supposed to do about the condition of the
Apartment or the Building.

*** This may be deleted.
<PAGE>

28. NO WAIVER OF LEASE PROVISIONS

         A. Even if Owner accepts your rent or fails once or more to take action
against You when You have not done what You have agree to do in this Lease, the
failure of Owner to take action or Owner's acceptance of rent does not prevent
Owner from taking action at a later date if You again do not do what You have
agreed to do.

         B. Only a written agreement between You and Owner can waive any
violation of this Lease.

         C. If You pay and Owner accepts an amount less than all the rent due,
the amount received shall be considered to be in payment of all or a part of the
earliest rent due. It will not be considered an agreement by Owner to accept the
lesser amount in full satisfaction of all of the rent due.

         D. Any agreement to end this Lease and also to end the rights and
obligations of You and Owner must be in writing, signed by You and Owner or
Owner's agent. Even if You give keys to the Apartment and they are accepted by
any employee, or agent, or Owner, this Lease is not ended.

29. CONDITION OF THE APARTMENT

         When You signed this Lease, You did not rely on anything said by Owner,
Owner' agent or superintendent about the physical condition of the Apartment,
the Building or the land on which it is built. You did not rely on any promise
as to what would be done, unless what was said or promised is written in this
Lease and signed by both You and Owner or found in Owner's floor plans or
brochure shown to You before You signed the Lease. Before signing this Lease,
You have inspected the apartment and You accept it in its present condition "as
is", except for any condition which You could not reasonably have seen during
your inspection. You agree that Owner has not promised to do any work in the
Apartment except as specified in attached "Work" rider.

30.

31. DEFINITIONS

         A. Owner: The term "Owner" means the person or organization receiving
or entitled to receive rent from You for the Apartment at any particular time
other than a rent collector or managing agent of Owner. "Owner" includes the
owner of the land or Building, a lessor, or sublessor of the land or Building
and a mortgagee in possession. It does not include a former owner, even if the
former owner signed this Lease.

         B. You: The Term "You" means the person or persons signing this Lease
as Tenant and the successors and assigns of the signer. This Lease has
established a tenant-landlord relationship between You and Owner.

32. SUCCESSOR INTERESTS

         The agreements in this Lease shall be binding on Owner and You and on
those who succeed to the interest of Owner or You by law, by approved assignment
or by transfer.

Owners Rules - a part of this lease  - see page 6

         TO CONFIRM OUR AGREEMENTS, OWNER AND YOU RESPECTIVELY SIGN THIS LEASE
AS OF THE DAY AND YEAR FIRST WRITTEN ON PAGE 1.

Witnessess
                                           /s/ [ILLEGIBLE]              [L.S.]
------------------------------------      ------------------------------------
                                          Owner's Signature

                                          /s/  [ILLEGIBLE]              [L.S.]
------------------------------------      ------------------------------------
                                          Tenant's Signature

                                                                        [L.S.]
------------------------------------      ------------------------------------
                                          Tenant's Signature

Dated, New York City                  19

----------------------------  Witness      ------------------------  Guarantor

                                           ------------------------  Address
=========
[GRAPHIC OMITTED] To be filled in if applicable

<PAGE>

================================================================================

[SEAL]                     STANDARD FORM OF APARTMENT                     [SEAL]

                                     LEASE
                    The Real Estate Board of New York, Inc.

                      Copyright 1988. All rights Reserved.
                  Reproduction in whole or in part prohibited.

                  ATTACHED RULES WHICH ARE A PART OF THE LEASE
                           AS PROVIDED BY ARTICLE 11

Public Access Ways

1.       (a) Tenants shall not block or leave anything in or on fire escapes,
the sidewalks, entrances, driveways, elevators, stairways, or halls. Public
access ways shall be used only for entering and leaving the Apartment and the
Building. Only those elevators and passageways designated by Owner can be used
for deliveries.

         (b) Baby carriages, bicycles or other property of Tenants shall not be
allowed to stand in the halls, passageways, public areas or courts of the
Building.

Bathroom and Plumbing Fixtures

2.       The bathrooms, toilets and wash closets and plumbing fixtures shall
only be used for the purposes for which they were designated or built;
sweepings, rubbish bags, acids or other substances shall not be placed in them.

Refuse

3.       Carpets, rugs or other articles shall not be hung or shaken out of any
window of the Building. Tenants shall not sweep or throw or permit to be swept
or thrown any dirt, garbage or other substances out of the windows or into any
of the halls, elevators or elevator shafts. Tenants shall not place any articles
outside of the Apartment or outside of the building except in safe containers
and only at places chosen by Owner.

Elevators

4.       All non-automatic passenger and service elevators shall be operated
only by employees of Owner and must not in any event be interfered with by
Tenants. The service elevators, if any, shall be used by servants, messengers
and trades people for entering and leaving, and the passenger elevators, if any,
shall not be used by them for any purpose. Nurses with children, however, may
use the passenger elevators.

Laundry

5.       Laundry and drying apparatus, if any, shall be used by Tenants in the
manner and at the times that the superintendent or other representative of Owner
may direct. Tenants shall not dry or air clothes on the roof.

Keys and Locks

6.       Owner may retain a pass key to the apartment. Tenants may install on
the entrance of the Apartment an additional lock of not more than three inches
in circumference. Tenants may also install a lock on any window but only in the
manner provided by law. Immediately upon making any installation of either type,
Tenants shall notify Owner or Owner's agent and shall give Owner or Owner's
agent a duplicate key. If changes are made to the locks or mechanism installed
by Tenants, Tenants must deliver keys to Owner. At the end of this Lease,
Tenants must return to Owner all keys either furnished or otherwise obtained. If
Tenants lose or fail to return any keys which were furnished to them, Tenants
shall pay to Owner the cost of replacing them.

Noise

7.       Tenants, their families, guests, employees, or visitors shall not make
or permit any disturbing noises in the Apartment or Building or permit anything
to be done that will interfere with the rights, comforts, or convenience of
other tenants. Also, Tenants shall not play a musical instrument or operate or
allow to be operated a phonograph, radio or television set so as to disturb or
annoy any other occupant of the Building.

No Projections

8.       An aerial may not be erected on the roof or outside wall of the
Building without the written consent of Owner. Also, awnings or other
projections shall not be attached to the outside walls of the Building or to any
balcony or terrace.

No Pets

9.       Dogs or animals of any kind shall not be kept or harbored in the
Apartment, unless in each instance it be expressly permitted in writing by
Owner. This consent, if given, can be taken back by Owner at any time for good
cause on reasonably given notice. Unless carried or on a leash, a dog shall not
be permitted on any passenger elevator or in any public portion of the building.
Also, dogs are not permitted on any grass or garden plot under any condition.
BECAUSE OF THE HEALTH HAZARD AND POSSIBLE DISTURBANCE OF OTHER TENANTS WHICH
ARISE FROM THE UNCONTROLLED PRESENCE OF ANIMALS, ESPECIALLY DOGS, IN THE
BUILDING, THE STRICT ADHERENCE TO THE PROVISIONS OF THIS RULE BY EACH TENANT IS
A MATERIAL REQUIREMENT OF EACH LEASE. TENANTS' FAILURE TO OBEY THIS RULE SHALL
BE CONSIDERED A SERIOUS VIOLATION OF AN IMPORTANT OBLIGATION BY TENANT UNDER
THIS LEASE. OWNER MAY ELECT TO END THIS LEASE BASED UPON THIS VIOLATION.

Moving

10.      Tenants can use the elevator to move furniture and possessions only on
designated days and hours. Owner shall not be liable for any costs, expenses or
damages incurred by Tenants in moving because of delays caused by the
unavailability of the elevator.

Floors

11.      Apartment floors shall be covered with rugs or carpeting to the extent
of at least 80% of the floor area of each room excepting only kitchens,
pantries, bathroom and hallways. The tacking strip for wall-to-wall carpet will
be glued, not nailed to the floor.

Window Guards

12.      IT IS A VIOLATION OF LAW TO REFUSE, INTERFERE WITH INSTALLATION, OR
REMOVE WINDOW GUARDS WHERE REQUIRED. (SEE ATTACHED WINDOW GUARD RIDER)

<PAGE>

                                      LEASE
                                      RIDER

(THIS RIDER AND THE APARTMENT ARE NOT SUBJECT TO RENT STABILIZATION, RENT
CONTROL OR ANY OTHER RENT REGULATION)

This Rider shall be deemed to be incorporated into and is made a part of the
Lease between MacReport.net, Inc./Vito Lucchetti, Tenant(s) and Broad Street
LLC, dated March 30, 2001 for the term commencing April 15, 2001 and expiring on
April 14, 2002 ("the Lease") regarding the renting of apartment TSI ("the
Apartment") at 25 Broad Street, New York, N.Y.

Any inconsistency between the terms of this Rider and the Lease shall be
resolved in favor of this Rider.

1. APARTMENT AND USE

(Supplementing the provisions of Paragraph 1 of the Lease). In addition to the
tenant or tenants named in the Lease (hereinafter the "Tenant" or "Tenants"),
the following individuals shall occupy the Apartment:

Name                    Date of Birth                  Relationship to Tenant(s)

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

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

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

No other individuals or entities except the Tenant(s) named in this Lease or
occupants listed in this paragraph shall occupy the Apartment. The Tenant(s) or
occupants may sleep only in the bedrooms (not in the living rooms) of the
Apartment and no more than two (2) individuals may sleep in a bedroom at any
time. Failure to abide by the terms of this Article shall constitute a default
under this Lease.

2. WARRANTY OF HABITABILITY

(Supplementing the provisions, of Paragraph 8 of the Lease). If this lease
pertains to the initial occupancy of the apartment's conversion to residential
use, Owner hereby discloses and Tenant acknowledges that during such initial
occupancy it is anticipated and understood that Owner anticipates that it will
continue various construction activities throughout the Building. All
construction shall be performed with all requisite approvals and pursuant to
all applicable statutes, codes, laws and ordinances. Having been so placed on
notice as to the likelihood of continued construction activities during
Tenant's initial occupancy and Tenant having knowingly, willingly and
voluntarily agreed to execute this Lease and enter into occupancy nonetheless,
Tenant agrees that such construction activities shall not constitute a
violation of this paragraph or any rights otherwise enjoyed by Tenant,
including, but not limited to, the Tenant's right to quiet enjoyment. It is
understood that, but for Tenant's representation made herein, Owner would not
have entered into this Lease with Tenant.

3. SERVICES AND FACILITIES

The Appliances shall remain the property of the Owner. Tenant shall maintain and
keep in good repair the Appliances. In the event any Appliances supplied by the
Owner to Tenant are damaged due to Tenant's act or neglect, Owner may repair the
Appliance at Tenant's expense. In the event the Owner repairs an Appliance on
Tenant's behalf, the

                                       1
<PAGE>

repair cost of the Appliance shall become additional rent and may be collected
by Owner as if it were rent set forth in paragraph 3 of the Lease.
Notwithstanding anything to the contrary contained herein, Tenant shall not
install any washing machine or dryer in the Apartment.

4. ASSIGNING; SUBLETTING; ABANDONMENT
   (Supplementing the provisions of Paragraph 16 of the Lease)

   A. Tenant cannot assign this Lease or sublet the Apartment without Owner's
      advance written consent, in each instance, to a request made by Tenant in
      the manner required by Real Property Law paragraph 226-b, except as
      otherwise provided for in the Sublet Rider, if any, attached hereto.
      Tenant shall not be relieved of any obligations or liability under the
      Lease in the event of any subletting or assignment of the Lease.

   B. Any removal by Tenant of the furniture and furnishings in the subject
      Apartment or a substantial part thereof or any other act by Tenant which
      might suggest that Tenant has vacated the Apartment, shall be deemed an
      abandonment of the Apartment by Tenant and in such case the Owner may
      re-enter and re-take possession of the Apartment without any court
      proceedings and re-rent the Apartment without freeing Tenant from Tenant's
      debts and duties assumed in signing this agreement.

5. REMEDIES OF OWNER AND YOUR LIABILITY

(Supplementing the provisions of Paragraph 18 of the Lease). If this Lease is
ended by Owner because of Tenant's default of this Lease or because of the
Tenant's abandonment of the Apartment, any rent or additional rent due and
owing pursuant to this Lease for the remainder of the Lease term shall become
immediately due and payable by Tenant to Owner. Owner, at its option and in its
sole discretion, may commence an action to collect all damages due and owing
pursuant to this Lease. If the rent collected by Owner from a subsequent tenant
of the Apartment is more than the unpaid rent, additional rent and damages which
Tenant is liable to Owner, Tenant shall not be entitled to the difference.
Owner's failure to re-rent to another tenant or make any effort to rent the
Apartment will not release or change Tenant's liability for damages under this
paragraph.

6. INTENTIONALLY OMITTED

7. TENANT'S RIGHT TO LIVE IN AND USE THE APARTMENT

(Supplementing the provisions of Paragraph 25 of the Lease). If Tenant pays the
rent and any required additional rent on time and Tenant does everything he/she
has agreed to do in this Lease, his/her tenancy cannot be cut off before the
ending date, except as provided in Articles 17, 18, 19, 22, 23, 24 of the Lease
and/or Articles 1, 15, 17 and 18 of this Rider.

8. CHANGES AND ALTERATIONS TO THE APARTMENT

(Supplementing the provisions of Paragraph 10 of the Lease). Tenant must obtain
Owner's prior written consent to install any paneling, flooring, "built-in"
decorations, partitions, railings, or to make any alterations or to paint or
wallpaper the Apartment. When Tenant vacates the subject Apartment, Tenant will,
at Tenant's own expense, remove all wallpaper unless Owner elects otherwise. If
the wallpaper is removed by Tenant, Tenant will see to it that the walls are
restored to good order and appearance. Tenant must not change the plumbing,
ventilating, air conditioning, electric or heating systems. If consent is given,
the alterations and installation shall become the property of Owner when
completed and paid for by Tenant, and shall remain with and become part of the
Apartment, at the end of the term unless Owner demands that Tenant remove same.
The demands shall be by notice, given at least fifteen (15) days before the end
of the Term. Owner is not required to do or pay for any work unless stated in
the Lease. Whatever remains in the Apartment after Tenant vacates is
considered abandoned by Tenant and, at the election of the Owner, shall either
be left in the Apartment or removed.

                                       2
<PAGE>

Tenant shall be responsible for Owner's cost and/or damages resulting from
removal of abandoned property or restoration of the Apartment necessary to
correct any damage caused by removal of Tenant's installations.

9. ACCESS TO PREMISES

(Supplementing the provisions of Paragraph 15 of the Lease). Owner or persons
designated by Owner may, at reasonable times, enter the Apartment to examine, to
make repairs or alterations and to show it to possible buyers, lenders or
tenants. Tenant must give to Owner keys to all locks installed without Owner's
consent. Doors must be locked at all times. Windows must be locked when Tenant
is out. Reasonable times shall include, but not be limited to, weekdays 8:30am
to 8:00pm and weekends and holidays 10:00am to 8:00pm. No advance written notice
shall be required and an oral demand shall be sufficient. Tenant shall be liable
for any and all damages resulting from breach of this provision, including but
not limited to loss of rentals, profits, damages and attorneys' fees.

10. RULES AND REGULATIONS

(Supplementing the provisions of Paragraph 11 of the Lease). Tenant has read the
Rules and Regulations annexed hereto, and made a part hereof, and agrees to
abide by and conform to the annexed rules and such further rules and regulations
as the Owner may from time to time make or adopt for the care and protection of
the Building, and the general comfort and welfare of its occupants. The Owner
shall not be liable to Tenant for the violation of any of these said rules or
regulations or the breach of any of the terms in any Lease by any other tenant
or occupant in the Building.

11. CORRECTING TENANT'S DEFAULT

    A.  If the Owner shall pay, or be compelled to pay a sum of money or do any
        act that requires the payment of money, due to Tenant's failure to
        observe or perform any of the terms contained herein, the sum so paid by
        the Owner, together with all interest, cost, damages and reasonable
        attorneys' fees, shall be considered as additional rent, and shall be
        added to the rent next becoming due in the month following such payment
        and shall be collected at such time.

    B.  If Owner is compelled to pay any expense, including reasonable
        attorneys' fees in instituting, prosecuting or defending any action or
        proceeding instituted by reason of Tenant breaching or defaulting under
        the terms of this agreement, the money paid by Owner with all
        interest, costs and damages shall be deemed to be additional rent
        hereunder and shall be due from Tenant to Owner on the first day of the
        month following the payment of such expenses.

12. REPRESENTATIONS

No representations or promises with respect to the Apartment have been made by
the Owner other than those contained herein. The assumption of occupancy by
Tenant shall be conclusive evidence that the Apartment and the building of
which it is a part, were in good and satisfactory condition at the time the
tenancy commenced. Tenant shall give to the Owner notice in case of fire or
accidents, or defects in, any part of the Building or equipment or fixtures
contained therein.

13. HEATING, VENTILATING AND AIR-CONDITIONING

Heating, ventilating and air-conditioning units have been installed in the
Apartment. These units will be individually operated and have been connected to
the Tenant's electric meter. The Tenant will be responsible for the electric
charges but the Landlord will be responsible for the maintenance of equipment
unless damaged by the fault or negligence of the Tenant, guests, servants or
invitees. The Tenant will not be permitted to install any other air conditioning
equipment in the Apartment nor shall Landlord be responsible for any damages nor
shall Tenant be entitled to an abatement of rent due to the removal of or
breakdown of the equipment.

                                       3
<PAGE>

14.INABILITY AND INDEMNITY

This agreement is made upon the express condition that the Owner shall be free
from all liabilities and claims for damages and/or suits for or by reason of any
injury or injuries to any person or persons or property of any kind whatsoever,
whether Tenant's person or property, Tenant's agent or employees, or third
persons, from any cause or causes during the term of this agreement or
occasioned by any occupancy or use of said Apartment or any activity carried on
by Tenant in connection therewith and Tenant hereby agrees to indemnify and hold
the Owner harmless from any liabilities, charges, expenses (including counsel
fees) and costs on account of or by reason of any such injuries, liabilities,
claims, suits or losses however occurring or damages arising out of same to the
fullest extent permitted by law.

15. LIABILITY

    A.  Owner shall not be liable for damage (except due to Owner's negligence)
        occasioned by failure to keep said Apartment in repair, nor for any
        damage done or occasioned by or from plumbing, gas, water, sprinklers,
        steam or other pipes or sewerage or the bursting, leaking or running of
        any pipes, tanks or plumbing fixtures, in, above or about the subject
        Apartment or Building, nor for any damage occasioned by water, snow or
        ice being upon or coming through the roof, sky lights, trap door or
        otherwise, nor for any damage arising from acts, or neglect of
        co-tenants or other occupants of the same Building or of any owners, or
        occupants of adjacent or contiguous property.

    B.  Owner shall not be liable for damage or loss of Tenant's personal
        property (furniture, jewelry, clothing, etc.) from theft, water, fire,
        vandalism, rains, storms, smoke, exposures, sonic booms or other causes
        whatsoever except due to Owner's negligence. Tenant shall secure
        "renters" insurance to protect himself/herself against such loss with
        limits of $100,000 per occurrence for bodily or personal injury and
        $35,000 per occurrence for property damage. Proof of insurance
        ("Certificate of Insurance") shall be supplied to the Owner within
        thirty (30) days of the Lease's commencement date. Failure to supply the
        Certificate of Insurance within 30 days from the commencement of the
        term, constitutes a default of this Lease.

    C.  Tenant must pay for damages suffered by and reasonable expenses of Owner
        relating to any claim or arising from any act or neglect committed by
        Tenant. If an action is brought against Owner arising from Tenant's act
        or neglect, Tenant shall defend Owner at Tenant's expense with an
        attorney of Owner's choice.

16. NOTATION ON CHECKS

Owner and Tenant expressly agree that any endorsements or statements on a check
given in payment as rent shall not be deemed to constitute an "accord and
satisfaction," and Tenant further agrees that the Owner may accept such checks
without prejudice to its legal rights. Tenant further agrees that Owner has the
right in his sole discretion and judgment, to apply any payments of rents to
outstanding balances that he may elect, and is expressly authorized by Tenant to
delete any notation made on the check directing how payment should be
applied and such notation shall be null and void and the Owner is authorized to
accept such checks without prejudice to his legal rights.

17. PETS

Tenants shall not keep or maintain in or about the said Apartment or permit any
other person to keep or maintain therein, any dog or domestic or wild animals
without the written consent of the Owner.

                                       4
<PAGE>

18. NO WATER FILLED FURNITURE

Tenant shall not place or use any water filled furniture in the Apartment.

19. FAILURE TO PAY FULL RENT

The receipt by the Owner of an amount which is less than that amount of rent
or additional rent owned by Tenant shall not be deemed a waiver of the right to
collect the balance. Any payment of rent or additional rent which is less than
the full amount owed, shall be deemed to be on account of and shall be applied
to the earliest item.

20. LEASE NOT RECORDABLE

This Lease shall not be recorded, nor shall Tenant take any steps attempting
to record said Lease.

21. INVALIDITY OF ANY PROVISION

If any term, covenant, condition or provision of the Lease or Rider shall be
invalid or unenforceable to any extent, the remaining terms, covenants,
conditions, and provisions of this Lease or Rider other than those as to which
any term, covenant, condition or provision is held invalid or unenforceable,
shall not be affected thereby and each remaining term, covenant, condition and
provision of this Lease and Rider shall be valid and shall be enforceable to the
fullest extent permitted by law.

22. THIRD PARTY PAYMENT

Tenant acknowledges that the Owner may not fully scrutinize and examine each
check to see that the check submitted is the check of the Tenant. Accordingly,
in the event a third party check is given for rental due and is accepted by the
Landlord, such acceptance shall not constitute a waiver of Landlord's rights nor
confer any rights upon the third party nor entitle the third party to make a
claim as a tenant or right to occupy the Premises, or create a Landlord-Tenant
relationship between the third party and Landlord.

23. LATE PAYMENT

Rent payment is due on first day of the month. Any payment received after the
fifth day of the month shall be subject to a late charge of $100 for
administrative handling expenses. Said payment shall be due and payable upon
demand.

24. FLOOR COVERING

Tenant agrees that during Tenant's occupancy of the Apartment, Tenant will
cover at least 80 percent of the floor area of the Apartment other than the
kitchen, pantry and bathrooms, with rugs, and/or carpeting.

25. DELAY IN GIVING POSSESSION

In the even that there should be a delay in the Landlord giving possession to
Tenant, Landlord shall not be responsible for Tenant's damages or expenses.
However, if the delay exceeds thirty (30) days, then Tenant can give the
Landlord thirty (30) days notice that he/she intends to cancel this Lease.

26. SECURITY DEPOSIT

(Supplementing the provisions of Paragraph 5 of the Lease). It is expressly
understood that Tenant may not use the security deposit as rent payment for any
month in which rent payment is due. If due, refunds of security deposits will
be made only after all these named as tenants on the lease have vacated. Such
refunds, if due, may be made to any party named as a tenant in the Lease.

                                       5
<PAGE>

27. LOCKOUT FEES

The following fees will be charged to unlock the Apartment entrance doors:

- 7:00am-3:30pm (Sunday through Saturday) $10.00
- 3:30pm-11:30pm (Sunday through Saturday) $30.00
- 11:30pm-7am (Sunday through Saturday) $50.00

The above rates may be adjusted from time to time at the sole discretion of the
Landlord. This service will be provided only if Tenant is current in payment of
previous lockout fees.

28. ILLEGAL ACTIVITY/EVICTION

It is expressly agreed and understood that any Tenant, any member of Tenant's
family, Tenant's employees, occupants, guests or invitees, who conduct any
illegal trade, manufacture, or conduct other illegal business in the Apartment,
common area or ground surrounding the building shall be subject to immediate
eviction from the Apartment. The Landlord need only provide clear and convincing
proof of the activity in order to enforce this section of the Lease.

29. LOCAL LAW #10

Tenant acknowledges that under New York City Local Law #10 a Fires Safety Notice
is installed on the inside of the front door of the Apartment and Tenant is not
allowed to remove Fire Safety Notice under any circumstances. The City of New
York has the right to inspect and ensure compliance of Local Law directives. If
Tenant removes Fire Safety Notice, Tenant will be liable for any monetary and/or
civil penalties levied against Broad Street, LLC.

30. DISCLOSURE REGARDING NEW STOCK EXCHANGE FACILITY

Tenant acknowledges that there will be noise caused by demolition and
construction of surrounding buildings during the term of their Lease. Landlord
does not assume responsibility for any noise or disruptions caused by such
activity. Tenants agree that they will not seek any rent abatement or damages
from the Landlord due to such activity.

TO CONFIRM OUR AGREEMENT, OWNER AND TENANT(S) RESPECTIVELY SIGN THIS RIDER AS OF
THE DAY AND YEAR FIRST WRITTEN ON PAGE 1.

WITNESSES

                                                    /s/ (illegible)
------------------------------                      ----------------------------
                                                    OWNER'S SIGNATURE

                                                    /s/ (illegible)
------------------------------                      ----------------------------
                                                    TENANT'S SIGNATURE

------------------------------                      ----------------------------
                                                    TENANT'S SIGNATURE

------------------------------                      ----------------------------
                                                    TENANT'S SIGNATURE

                                       6<PAGE>

                               REGISTER.COM, INC.
                             STOCK OPTION AGREEMENT

RECITALS

         A. The Board has adopted the Plan for the purpose of retaining the
services of selected Employees, non-employee members of the Board or of the
board of directors of any Parent or Subsidiary and consultants and other
independent advisors who provide services to the Corporation (or any Parent or
Subsidiary).

         B. Optionee is to render valuable services to the Corporation (or a
Parent or Subsidiary), and this Agreement is executed pursuant to, and is
intended to carry out the purposes of, the Plan in connection with the
Corporation's grant of an option to Optionee.

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

                  NOW, THEREFORE, it is hereby agreed as follows:

                  1. Grant of Option. The Corporation hereby grants to Optionee,
as of the Grant Date, an option to purchase up to the number of Option Shares
specified in the Grant Notice. The option shares shall be purchasable from time
to time during the option term specified in Paragraph 2 at the Exercise Price.

                  2. Option Term. This option shall have a maximum term of ten
(10) years measured from the Grant Date and shall accordingly expire at the
close of business on the Expiration Date, unless sooner terminated in accordance
with Paragraph 5 or 6.

                  3. Limited Transferability. This option shall be neither
transferable nor assignable by Optionee other than to a Beneficiary following
Optionee's death and may be exercised, during Optionee's lifetime, only by
Optionee. However, if this option is designated a Non-Statutory Option in the
Grant Notice, then this option may be assigned in whole or in part during
Optionee's lifetime either as (i) a gift to one or more family members of
Optionee's Immediate Family, to a trust in which Optionee and/or one or more
such family members hold more than fifty percent (50%) of the beneficial
interest or an entity in which more than fifty percent (50%) of the voting
interests are owned by Optionee and/or one or more such family members, or (ii)
pursuant to a domestic relations order. The assigned portion shall be
exercisable only by the person or persons who acquire a proprietary interest in
the option pursuant to such assignment. The terms applicable to the assigned
portion shall be the same as those in effect for this option immediately prior
to such assignment and shall be set forth in such documents issued to the
assignee as the Plan Administrator may deem appropriate.

                  4. Dates of Exercise. This option shall become exercisable for
the Option Shares in one or more installments as specified in the Grant Notice.
As the option becomes exercisable for such installments, those installments
shall accumulate, and the option shall remain

<PAGE>

exercisable for the accumulated installments until the Expiration Date or sooner
termination of the option term under Paragraph 5 or 6.

                  5. Cessation of Service. The option term specified in
Paragraph 2 shall terminate (and this option shall cease to be outstanding)
prior to the Expiration Date should any of the following provisions become
applicable:

                        (i) Should Optionee cease to remain in Service for any
            reason (other than death, Permanent Disability or Misconduct) while
            this option is outstanding, then this option shall remain
            exercisable until the earlier of (i) the expiration of the three
            (3)-month period measured from the date of such cessation of Service
            or (ii) the Expiration Date, provided, however, that if Optionee is
            terminated without Cause, as defined in the Letter Agreement between
            Optionee and Corporation, dated June 11, 2001 (the "Letter
            Agreement"), or Optionee resigns with Good Reason, as defined in the
            Letter Agreement, then this option shall remain exercisable for a
            twelve (12)-month period measured from the date of termination or
            resignation of employment.

                        (ii) Should Optionee die while holding this option, then
            Optionee's Beneficiary shall have the right to exercise this option
            until the earlier of (A) the expiration of the twelve (12)-month
            period measured from the date of Optionee's death or (B) the
            Expiration Date.

                        (iii) Should Optionee cease Service by reason of
            Permanent Disability while this option is outstanding, then this
            option shall remain exercisable until the earlier of (i) the
            expiration of the twelve (12)-month period measured from the date of
            such cessation of Service or (ii) the Expiration Date.

                        (iv) During the applicable post-Service exercise period,
            this option may not be exercised in the aggregate for more than the
            number of vested Option Shares for which the option is exercisable
            on the date of Optionee's cessation of Service. Upon the expiration
            of the applicable exercise period or (if earlier) upon the
            Expiration Date, this option shall terminate and cease to be
            outstanding for any vested Option Shares for which the option has
            not been exercised. However, this option shall, immediately upon
            Optionee's cessation of Service for any reason, terminate and cease
            to be outstanding to the extent this option is not otherwise at that
            time exercisable for vested shares.

                        (v) Should Optionee's Service be terminated for
            Misconduct or should Optionee engage in Misconduct while this option
            is outstanding, then this option shall terminate immediately and
            cease to be outstanding.

                  6.       Special Acceleration of Option.

                           (a) In the event of a Change in Control, this option,
to the extent outstanding at that time but not otherwise fully exercisable,
shall automatically accelerate so that this option shall, immediately prior to
the effective date of the Change in Control, become exercisable for all of the
Option Shares at the time subject to this option and may be exercised for any or
all of those Option Shares as fully-vested shares of Common Stock. No such

<PAGE>

acceleration of this option, however, shall occur if and to the extent: (i) this
option is, in connection with the Change in Control, assumed or otherwise
continued in full force and effect by the successor corporation (or parent
thereof) pursuant to the terms of the Change in Control or (ii) this option is
replaced with a cash incentive program of the successor corporation which
preserves the spread existing at the time of the Change in Control on the Option
Shares for which this option is not otherwise at that time exercisable (the
excess of the Fair Market Value of those Option Shares over the aggregate
Exercise Price payable for such shares) and provides for subsequent pay-out in
accordance with the same option exercise schedule set forth in the Grant Notice.

                           (b) Immediately following the consummation of the
Change in Control, this option shall terminate and cease to be outstanding,
except to the extent assumed by the successor corporation (or parent thereof) or
otherwise expressly continued in full force and effect pursuant to the terms of
the Change in Control.

                           (c) If this option is assumed in connection with a
Change in Control, then this option shall be appropriately adjusted, immediately
after such Change in Control, to apply to the number and class of securities
which would have been issuable to Optionee in consummation of such Change in
Control had the option been exercised immediately prior to such Change in
Control, and appropriate adjustments shall also be made to the Exercise Price,
provided the aggregate Exercise Price shall remain the same. To the extent the
holders of Common Stock receive cash consideration for their Common Stock in
consummation of the Change in Control, the successor corporation may, in
connection with the assumption of this option, substitute one or more shares of
its own common stock with a fair market value equivalent to the cash
consideration paid per share of Common Stock in such Change in Control.

                           (d) This Agreement shall not in any way affect the
right of the Corporation to adjust, reclassify, reorganize or otherwise change
its capital or business structure or to merge, consolidate, dissolve, liquidate
or sell or transfer all or any part of its business or assets.

                  7. Acceleration When Option is Assumed in a Change in Control.
In the event Optionee is terminated without Cause, as defined in the Letter
Agreement between Optionee and Corporation, dated June 11, 2001 (the "Letter
Agreement"), or Optionee resigns with Good Reason, as defined in the Letter
Agreement, within one year following a Change in Control, this option shall
accelerate, vest and become exercisable as if Optionee had continued to be
employed by the Corporation for a six-month period subsequent to the date of
such termination or resignation.

                  8. Adjustment in Option Shares. Should any change be made to
the Common Stock by reason of any stock split, stock dividend, recapitalization,
combination of shares, exchange of shares or other change affecting the
outstanding Common Stock as a class without the Corporation's receipt of
consideration, appropriate adjustments shall be made to (i) the total number
and/or class of securities subject to this option and (ii) the Exercise Price in
order to reflect such change and thereby preclude a dilution or enlargement of
benefits hereunder.

<PAGE>

                   9. Stockholder Rights. The holder of this option shall not
have any stockholder rights with respect to the Option Shares until such person
shall have exercised the option, paid the Exercise Price and become a holder of
record of the purchased shares.

                  10. Manner of Exercising Option. In order to exercise this
option with respect to all or any part of the Option Shares for which this
option is at the time exercisable, Optionee (or any other person or persons
exercising the option) must take the following actions:

                        (i) Execute and deliver to the Corporation a Notice of
            Exercise for the Option Shares for which the option is exercised.

                        (ii) Pay the aggregate Exercise Price for the purchased
            shares in one or more of the following forms:

                                    (A) cash or check made payable to the
                        Corporation;

                                    (B) a promissory note payable to the
                        Corporation, but only to the extent authorized by the
                        Plan Administrator in accordance with Paragraph 13;

                                    (C) shares of Common Stock held by Optionee
                        (or any other person or persons exercising the option)
                        for the requisite period necessary to avoid a charge to
                        the Corporation's earnings for financial reporting
                        purposes and valued at Fair Market Value on the Exercise
                        Date; or

                                    (D) through a special sale and remittance
                        procedure pursuant to which Optionee (or any other
                        person or persons exercising the option) shall
                        concurrently provide irrevocable instructions (I) to a
                        Corporation-approved brokerage firm to effect the
                        immediate sale of the purchased shares and remit to the
                        Corporation, out of the sale proceeds available on the
                        settlement date, sufficient funds to cover the aggregate
                        Exercise Price payable for the purchased shares plus all
                        applicable income and employment taxes required to be
                        withheld by the Corporation by reason of such exercise
                        and (II) to the Corporation to deliver the certificates
                        for the purchased shares directly to such brokerage firm
                        in order to complete the sale.

                               Except to the extent the sale and remittance
                        procedure is utilized in connection with the option
                        exercise, payment of the Exercise Price must accompany
                        the Notice of Exercise delivered to the Corporation in
                        connection with the option exercise.

                        (iii) Furnish to the Corporation appropriate
            documentation that the person or persons exercising the option (if
            other than Optionee) have the right to exercise this option.

                        (iv) Make appropriate arrangements with the Corporation
            (or Parent or Subsidiary employing or retaining Optionee) for the
            satisfaction of all income and employment tax withholding
            requirements applicable to the option exercise.

<PAGE>

                           (b) As soon as practical after the Exercise Date, the
Corporation shall issue to or on behalf of Optionee (or any other person or
persons exercising this option) a certificate for the purchased Option Shares,
with the appropriate legends affixed thereto.

                           (c) In no event may this option be exercised for any
fractional shares.

                  11.      Compliance with Laws and Regulations.

                           (a) The exercise of this option and the issuance of
the Option Shares upon such exercise shall be subject to compliance by the
Corporation and Optionee with all applicable requirements of law relating
thereto and with all applicable regulations of any stock exchange (or the Nasdaq
National Market, if applicable) on which the Common Stock may be listed for
trading at the time of such exercise and issuance.

                           (b) The inability of the Corporation to obtain
approval from any regulatory body having authority deemed by the Corporation to
be necessary to the lawful issuance and sale of any Common Stock pursuant to
this option shall relieve the Corporation of any liability with respect to the
non-issuance or sale of the Common Stock as to which such approval shall not
have been obtained. The Corporation, however, shall use its best efforts to
obtain all such approvals.

                  12. Successors and Assigns. Except to the extent otherwise
provided in Paragraphs 3 and 6, the provisions of this Agreement shall inure to
the benefit of, and be binding upon, the Corporation and its successors and
assigns and Optionee and Optionee's assigns and Beneficiaries.

                  13. Notices. Any notice required to be given or delivered to
the Corporation under the terms of this Agreement shall be in writing and
addressed to the Corporation at its principal corporate offices. Any notice
required to be given or delivered to Optionee shall be in writing and addressed
to Optionee at the address indicated below Optionee's signature line on the
Grant Notice. All notices shall be deemed effective upon personal delivery or
upon deposit in the U.S. mail, postage prepaid and properly addressed to the
party to be notified.

                  14. Financing. The Plan Administrator may, in its absolute
discretion and without any obligation to do so, permit Optionee to pay the
Exercise Price for the purchased Option Shares by delivering a full-recourse
promissory note payable to the Corporation. The terms of any such promissory
note (including the interest rate, the requirements for collateral and the terms
of repayment) shall be established by the Plan Administrator in its sole
discretion.

                  15. Construction. This Agreement and the option evidenced
hereby are made and granted pursuant to the Plan and are in all respects limited
by and subject to the terms of the Plan. All decisions of the Plan Administrator
with respect to any question or issue arising under the Plan or this Agreement
shall be conclusive and binding on all persons having an interest in this
option.

                  16. Governing Law. The interpretation, performance and
enforcement of this Agreement shall be governed by the laws of the State of New
York without resort to that State's conflict-of-laws rules.

<PAGE>

                  17. Excess Shares. If the Option Shares covered by this
Agreement exceed, as of the Grant Date, the number of shares of Common Stock
which may without stockholder approval be issued under the Plan, then this
option shall be void with respect to those excess shares, unless stockholder
approval of an amendment sufficiently increasing the number of shares of Common
Stock issuable under the Plan is obtained in accordance with the provisions of
the Plan.

                  18. Additional Terms Applicable to an Incentive Option. In the
event this option is designated an Incentive Option in the Grant Notice, the
following terms and conditions shall also apply to the grant:

                        (i) This option shall cease to qualify for favorable tax
            treatment as an Incentive Option if (and to the extent) this option
            is exercised for one or more Option Shares: (A) more than three (3)
            months after the date Optionee ceases to be an Employee for any
            reason other than death or Permanent Disability or (B) more than
            twelve (12) months after the date Optionee ceases to be an Employee
            by reason of Permanent Disability.

                        (ii) No installment under this option shall qualify for
            favorable tax treatment as an Incentive Option if (and to the
            extent) the aggregate Fair Market Value (determined at the Grant
            Date) of the Common Stock for which such installment first becomes
            exercisable hereunder would, when added to the aggregate value
            (determined as of the respective date or dates of grant) of the
            Common Stock or other securities for which this option or any other
            Incentive Options granted to Optionee prior to the Grant Date
            (whether under the Plan or any other option plan of the Corporation
            or any Parent or Subsidiary) first become exercisable during the
            same calendar year, exceed One Hundred Thousand Dollars ($100,000)
            in the aggregate. Should such One Hundred Thousand Dollar ($100,000)
            limitation be exceeded in any calendar year, this option shall
            nevertheless become exercisable for the excess shares in such
            calendar year as a Non-Statutory Option.

                        (iii) Should the exercisability of this option be
            accelerated upon a Change in Control, then this option shall qualify
            for favorable tax treatment as an Incentive Option only to the
            extent the aggregate Fair Market Value (determined at the Grant
            Date) of the Common Stock for which this option first becomes
            exercisable in the calendar year in which the Change in Control
            occurs does not, when added to the aggregate value (determined as of
            the respective date or dates of grant) of the Common Stock or other
            securities for which this option or one or more other Incentive
            Options granted to Optionee prior to the Grant Date (whether under
            the Plan or any other option plan of the Corporation or any Parent
            or Subsidiary) first become exercisable during the same calendar
            year, exceed One Hundred Thousand Dollars ($100,000) in the
            aggregate. Should the applicable One Hundred Thousand Dollar
            ($100,000) limitation be exceeded in the calendar year of such
            Change in Control, the option may nevertheless be exercised for the
            excess shares in such calendar year as a Non-Statutory Option.

                        (iv) Should Optionee hold, in addition to this option,
            one or more other options to purchase Common Stock which become
            exercisable for the first

<PAGE>

            time in the same calendar year as this option, then the foregoing
            limitations on the exercisability of such options as Incentive
            Options shall be applied on the basis of the order in which such
            options are granted.

                  19. Leave of Absence. The following provisions shall apply
upon the Optionee's commencement of an authorized leave of absence:

                        (i) The exercise schedule in effect under the Grant
            Notice shall be frozen as of the first day of the authorized leave,
            and this option shall not become exercisable for any additional
            installments of the Option Shares during the period Optionee remains
            on such leave.

                        (ii) Should Optionee resume active Employee status
            within sixty (60) days after the start date of the authorized leave,
            Optionee shall, for purposes of the exercise schedule set forth in
            the Grant Notice, receive Service credit for the entire period of
            such leave. If Optionee does not resume active Employee status
            within such sixty (60)-day period, then no Service credit shall be
            given for the period of such leave.

                        (iii) If this option is designated as an Incentive
            Option in the Grant Notice, then the following additional provision
            shall apply:

                                    (A) If the leave of absence continues for
                        more than ninety (90) days, then this option shall
                        automatically convert to a Non-Statutory Option at the
                        end of the three (3)-month period measured from the
                        ninety-first (91st) day of such leave, unless Optionee's
                        reemployment rights are guaranteed by statute or by
                        written agreement. Following any such conversion of this
                        option, all subsequent exercises of this option, whether
                        effected before or after Optionee's return to active
                        Employee status, shall result in an immediate taxable
                        event, and the Corporation shall be required to collect
                        from Optionee the income and employment withholding
                        taxes applicable to such exercise.

                        (iv) In no event shall this option become exercisable
            for any additional Option Shares or otherwise remain outstanding if
            Optionee does not resume Employee status prior to the Expiration
            Date of the option term.

<PAGE>

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

                                  REGISTER.COM, INC.

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

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

                                  Address:
                                            ------------------------------------

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

<PAGE>

                                    APPENDIX

                  The following definitions shall be in effect under the
Agreement:

                  A. Agreement shall mean this Stock Option Agreement.

                  B. Beneficiary shall mean, in the event the Plan Administrator
implements a beneficiary designation procedure, the person designated by
Optionee, pursuant to such procedure, to succeed to Optionee's rights under the
option evidenced by this Agreement to the extent the option is held by Optionee
at the time of death. In the absence of such designation or procedure, the
Beneficiary shall be the personal representative of the estate of Optionee or
the person or persons to whom the option is transferred by will or the laws of
descent and distribution.

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

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

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

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

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

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

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

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

                  H. Employee shall mean an individual who is in the employ of
the Corporation (or any Parent or Subsidiary), subject to the control and
direction of the employer entity as to both the work to be performed and the
manner and method of performance.

                                      A-1

<PAGE>

                  I. Exercise Date shall mean the date on which the option shall
have been exercised in accordance with Paragraph 10 of the Agreement.

                  J. Exercise Price shall mean the exercise price per share as
specified in the Grant Notice.

                  K. Expiration Date shall mean the date on which the option
expires as specified in the Grant Notice.

                  L. Fair Market Value per share of Common Stock on any relevant
date shall be determined in accordance with the following provisions:

                        (i) If the Common Stock is at the time traded on the
            Nasdaq National Market, then the Fair Market Value shall be the
            closing selling price per share of Common Stock on the date in
            question, as the price is reported by the National Association of
            Securities Dealers on the Nasdaq National Market or any successor
            system. If there is no closing selling price for the Common Stock on
            the date in question, then the Fair Market Value shall be the
            closing selling price on the last preceding date for which such
            quotation exists.

                        (ii) If the Common Stock is at the time listed on any
            Stock Exchange, then the Fair Market Value shall be the closing
            selling price per share of Common Stock on the date in question on
            the Stock Exchange determined by the Plan Administrator to be the
            primary market for the Common Stock, as such price is officially
            quoted in the composite tape of transactions on such exchange. If
            there is no closing selling price for the Common Stock on the date
            in question, then the Fair Market Value shall be the closing selling
            price on the last preceding date for which such quotation exists.

                  M. Grant Date shall mean the date of grant of the option as
specified in the Grant Notice.

                  N. Grant Notice shall mean the Notice of Grant of Stock Option
accompanying the Agreement, pursuant to which Optionee has been informed of the
basic terms of the option evidenced hereby.

                  O. Immediate Family of Optionee shall mean Optionee's child,
stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse,
sibling, niece, nephew, mother-in-law, father-in-law, son-in-law,
daughter-in-law, brother-in-law or sister-in-law, including adoptive
relationships.

                  P. Incentive Option shall mean an option which satisfies the
requirements of Code Section 422.

                  Q. Misconduct shall mean the commission of any act of fraud,
embezzlement or dishonesty by Optionee, any unauthorized use or disclosure by
Optionee of confidential information or trade secrets of the Corporation (or any
Parent or Subsidiary), or any intentional wrongdoing by Optionee, whether by
omission or commission, which adversely

                                      A-2

<PAGE>

affects the business or affairs of the Corporation (or any Parent or Subsidiary)
in a material manner. The foregoing definition shall not limit the grounds for
the dismissal or discharge of Optionee or any other individual in the Service of
the Corporation (or any Parent or Subsidiary).

                  R. Non-Statutory Option shall mean an option not intended to
satisfy the requirements of Code Section 422.

                  S. Notice of Exercise shall mean the notice of exercise in the
form attached hereto as Exhibit I.

                  T. Option Shares shall mean the number of shares of Common
Stock subject to the option as specified in the Grant Notice.

                  U. Optionee shall mean the person to whom the option is
granted as specified in the Grant Notice.

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

                  W. Permanent Disability shall mean the inability of Optionee
to engage in any substantial gainful activity by reason of any medically
determinable physical or mental impairment which is expected to result in death
or has lasted or can be expected to last for a continuous period of twelve (12)
months or more.

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

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

                  Z. Service shall mean Optionee's performance of services for
the Corporation (or any Parent or Subsidiary) in the capacity of an Employee, a
non-employee member of the board of directors or a consultant or independent
advisor.

                  AA. Stock Exchange shall mean the American Stock Exchange or
the New York Stock Exchange.

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

                                      A-3

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