Document:

Exhibit 10.3

Exhibit 10.3

____________________

Stock Option Agreement

To: ____________,

On _______________, you were awarded an option to purchase __________ shares (this “Option”) of the common stock $.01 par value per share (the “Shares”) of Linens ’n Things,
Inc. (the “Company”) pursuant to the Company’s New Hire Authorization (the “Plan”).

By signing a copy of this Stock Option Agreement (this “Agreement”), you hereby agree to the following terms and conditions: 

     1. Incorporation by Reference of Plan. The provisions of the Plan are incorporated by reference herein
and shall govern as to all matters not expressly provided for in this Agreement. Terms not defined in this Agreement have the meanings set forth in the Plan. In the event of any conflict between the terms of this Agreement and the Plan, the terms of
the Plan shall govern. 

     2. Option Exercise Price. The option exercise price of the __________ shares awarded to you is $ _____ per share, based on the “Fair Market Value*” as of  _________________. 

	
 	
3.	
Vesting.
Options as follows:
_____________________________________________

	 
	
 	
4.      	
Vesting on Death or Retirement.
	 
	 	 	
(a) Upon your death,

 

                    (i) this Option shall vest and may be exercised, only for a
period of one year after the date of your death, and    

 

  (ii) all Option Shares, whenever acquired, may be sold or disposed of without regard to the schedule contained in Section 3 of this Agreement after the date of your death.

   

             (b) Upon your “Retirement,” you will continue to be entitled to exercise this Option and to sell or dispose of Option Shares in accordance with the same schedule as provided in Section 3, as if you continued
to be an employee of the Company. For the purposes of this Agreement, “Retirement” shall mean termination of employment with the Company at or after the earlier of (i) age 55 and 15 years of service with the Company or (ii) age 60.

    5.     Termination of Employment. Upon the termination of your employment by the Company by reason other than by your death or Retirement, you will be entitled to sell or dispose of only the percentage of Option Shares which you had the right to sell or dispose of under Section 3 as of your termination date. In addition, the following restrictions shall apply:

             (a) If your employment by the Company is terminated by the Company for “Cause” (as defined below), or if you resign from your employment with the Company
(other than for “Good Reason” as defined in and if expressly permitted by any employment agreement between you and the Company), no portion of this Option shall be further exercisable on or after
such termination date.

             (b) If your employment is terminated by the Company for any reason other than “Cause”, or if you terminate your employment for “Good Reason” as defined in and if expressly permitted by any
employment agreement between you and the Company, this Option shall continue to be outstanding for a period of 90 days following such termination date. 

             (c) For the purposes of the Agreement, “Cause” shall mean **[(i) engaging in gross misconduct, fraud, dishonesty, gross negligence or gross insubordination, (ii) willful misconduct, (iii) an indictment (or
similar criminal proceeding) being brought against you for the alleged commission of felony, (iv) becoming subject to a judgment, order, consent decree, consent order, ruling or finding in connection with any federal or state government proceeding,
including without limitation, an enforcement, cease and desist, inquiry or other proceeding before the Securities and Exchange Commission, in which you are sanctioned (whether or not denying or admitting the underlying violation or liability) for
any violation of the securities laws and/or enjoined from any future violation of the securities laws; or (v)]** **[“cause” as defined in your employment agreement with the Company, if applicable.]** 

             For purposes of this Agreement and for purposes of any other prior or future award agreement providing for the grant of stock options or restricted stock units or other equity awards by the Company, termination of
employment by the Company for any reason other than “Cause” includes any Constructive Termination Without Cause if and to the extent defined in and permitted by any employment agreement between you and the Company [as well as any
termination of employment by you in the period following a Change in Control if and to the extent expressly permitted in any employment agreement between you and the Company]. “Good Reason” means a Constructive Termination Without Cause as
defined in any employment agreement between you and the Company. 

    6. Expiration of Options. Notwithstanding anything to the contrary set forth in Sections 3, 4, 5 of this Agreement, under no circumstances shall this Option be exercisable after ____________ or such shorter period as is prescribed in the Plan or this Agreement. 

     7. Designated Beneficiary. You may designate a Beneficiary who will have the right to exercise this Option after your death according
to the terms and conditions of this Agreement and the Plan. The form which may be used for this purpose is attached to this Agreement. If you do not designate a Beneficiary by completing the attached form and
returning it to the Company, the Company will automatically provide such right to exercise to your estate. 

     8. Exercise.  This Option shall be exercised
by notice to the Company, accompanied by 

	 	(i)	full payment in cash or check, or
	 	 	 
	 	(ii)	an election to exercise this Option by means of a “cashless exercise,” so long as you have the right at the time to sell and dispose of the Option Shares which are the subject of such cashless existence. The procedure and form for any such permitted “cashless exercise” will be provided to you. However, any “cashless exercise” is subject to the insider trading rules under the federal securities laws.

You are prohibited by the federal securities laws from selling or otherwise trading in any of the Company’s common stock at a time when you are in possession of material information which has not been publicly
disclosed.  You also agree that you will be subject to the Company’s “black-out” policy and to the Company’s “blackout” periods during the term of your employment with the Company and for three (3) months following any
termination of employment for any reason. 

     9. Rights as a Shareholder. You shall have no rights as a shareholder with respect to any shares which may be purchased by exercise of
this Option unless and until a certificate representing such shares is duly issued and delivered to you. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued except
as may be determined in accordance with Section 12(c) of the Plan. 

     10. Withholding Taxes.  The Company’s obligation to deliver shares upon the exercise of this Option shall be subject to your
satisfaction of all applicable federal, state and local income tax, employment tax and withholding requirements. 

     11. Restrictions on Transfer; Restrictive Legends, Stop-Transfer Orders.

          (a) This Option shall not be transferred, assigned, pledged or hypothecated and shall not be subject to execution, attachment or similar process. In the event the terms of this paragraph are not complied with by you
or if this Option is subject to execution, attachment or similar process, this Option shall immediately become null and void.

          In addition, during any such period as Option Shares may not be sold or otherwise disposed of under this Agreement, those Option Shares shall not be sold, transferred, assigned, pledged,
hypothecated or otherwise disposed of.  In the event the terms of this paragraph are not complied with or if any such Option Shares so restricted are subject to execution, attachment or similar process, any such transfer shall be null and void.

            (b) You understand and agree that the Company shall cause the legends set forth below or legends substantially equivalent thereto, to be placed upon any certificate(s) evidencing ownership of the Option Shares together with any other legends that may be required by the Company or by applicable state or federal securities laws: 

	
THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFER, AS SET FORTH IN THE STOCK OPTION AGREEMENT BETWEEN THE ISSUER AND
__________, DATED __________, A COPY OF WHICH MAY BE OBTAINED AT THE PRINCIPAL OFFICE OF THE ISSUER. SUCH TRANSFER RESTRICTIONS ARE BINDING ON TRANSFEREES OF THESE SHARES.

           (c) Stop-Transfer Notices.  You agree that, in order to ensure
compliance with the restrictions referred to herein, the Company may issue appropriate “stop transfer” instructions to its transfer agent, if any, and that, if the Company transfers its own securities, it may make appropriate notations to
the same effect in its own records. 

     12. Anti-Dilution Provisions. If prior to expiration of this Option, there shall occur any change in the
outstanding shares of the Company’s common stock by reason of any stock dividend, stock split, combination or exchange of such shares of common stock, merger, consolidation, recapitalization, reorganization, liquidation, dissolution, or similar
event, and as often as the same shall occur, then the kind and number of shares subject to this Option, or the purchase price per share of such common stock, or both, may be adjusted by the Compensation Committee of the Board of Directors (the
“Committee”) in such manner as it may deem equitable, the determination of which shall be binding and conclusive.  Failure of the Committee to provide for any such adjustment shall be conclusive evidence that no adjustment is required.

     13. Acceptance of Provisions.  The execution of this Agreement by you shall constitute your acceptance of
and agreement to all of the terms and conditions of the Plan and this Agreement. 

     14. Change in Control. Option Shares may be sold or disposed of at and following the consummation of a
Change in Control (as such term is defined in the Plan). 

     15. Confidentiality and Restrictive Covenant Provisions. In consideration of the grant of stock options
to you and the compensation now and hereafter paid to you, you hereby acknowledge and agree as follows: 

	
 	
(a)	
Confidentiality
	 
	
 	
(i)      	
You are aware that the Company owns proprietary and confidential information and materials covering or related to the Company’s finances, business and operations which from time to time may be disclosed to you or
to which you may obtain access or develop or create on behalf of the Company. Such information and materials may include, but are not limited to, sales information, plans and projections, trade secrets, marketing plans, product plans, margin
information, vendor compensation, store plans and information, pricing techniques and plans, training programs, strategies, statistical data, forecasts, replenishment programs and systems and other information concerning the Company and its past,
present or future 
	 

	 	 	
 
	 	 	
operations, financing, sales, marketing or business (collectively “Confidential Information”). Confidential Information does not include information which is or becomes known generally by the public other than through your breach
of this Agreement. You acknowledge the confidential and secret character of the Confidential Information and agree that the Confidential Information is the sole, exclusive and extremely valuable property of the Company which gives the Company an
advantage over its competitors and is critical to the success of the Company and its business.
	 
	
 	
(ii)      	
All Confidential Information is the property of the Company and neither your employment nor the disclosure of such information to you should be construed to grant any right, license or authorization to you to use the
Confidential Information except in connection with the performance by you of the services for which you are employed by the Company. You will not during your employment by the Company or at any time thereafter exploit, reproduce or use for yourself
or any third parties, or divulge or convey to any third parties, any Confidential Information except to the extent that Confidential Information shall be required to be used and/or divulged in order to enable you to perform in the ordinary course
the services for which you are then currently employed by the Company.
	 
	
 	
(iii)      	
You will comply with all regulations established by the Company to maintain the confidentiality of the Confidential Information and will not remove Confidential Information from your place of employment without the
express consent of the Company.
	 
	
 	
(iv)      	
On termination of your employment with the Company or at any other time as the Company may request, you shall end all use of any Confidential Information and return to the Company all originals and copies of any
Confidential Information then in or thereafter coming into your possession (in whatever form and however such Confidential Information might be obtained or recorded). You shall not thereafter retain a copy of any such Confidential
Information.
	 
	
 	
(b)  	
Restrictive Covenant
	 
	
 	
(i)      	
During your employment by the Company and for a period of two (2) years thereafter (the “Restriction Period”), you will not, alone or with others, directly or indirectly, induce or attempt to induce any
person who, during the term of your employment with the Company, was an employee or representative of the Company, to terminate his or her employment or relationship with the Company or to violate the terms of any agreement between such employee or
representative and the Company, or hire or attempt to hire any employee of the Company within one hundred eighty (180) after the termination of such employee’s relationship with the Company.
	 

	
 	
 	
 
	
 	
(ii)      	
During your employment by the Company and for a period of two (2) years thereafter, you will not accept any employment or related position, or act as a consultant (either directly or indirectly) with the following
competitors of the Company: _____________. In the case of a termination of employment by the Company for any other reason than by “Cause” (as defined in Section 5(c)), the Restriction Period shall terminate immediately upon the
employee’s termination of employment.
	 
	 	 	
For purposes of any prior award agreement providing for the grant of stock options, restricted stock units or other equity awards by the Company, the “Restriction Period” for any restrictive covenant included
in such equity award agreement shall terminate immediately upon the employee’s termination of employment by the Company for any reason other than “Cause” (as such term is defined in Section 5(c) above).
	 
	
 	
(iii)	
You agree that the above restrictions are reasonable and necessary in light of your position and responsibilities with the Company.
	 

 

	
 	
(a)    	
Remedies
	
 	
 	
 
	
 	
(i)	
You acknowledge that the Company will not have an adequate remedy at law for your breach of any provision of this Section 15. You consent to the entry of injunctive or other appropriate equitable relief against you with respect to any such breach (without proof of monetary or immediate damage and without any bond or other security being
required), in addition to any other remedies which might be available to the Company at law or in equity.
	 
	
 	
(ii)      	
Upon your breach of this Section 15, (a) all outstanding options granted to you to purchase common stock of the Company, whether granted pursuant to this Agreement or any earlier agreement regardless of whether vested
or not vested in whole or in part, shall be cancelled and/or (b) if such conduct or activity occurs within two years following the exercise of any such option, you shall be required to repay to the Company any gain realized upon the exercise of such
option (with such gain valued as of the date of exercise). Any repayment obligation may be satisfied in the Company’s common stock or cash or a combination thereof (based upon the fair market value of common stock on the day prior to the date
of payment) and the Committee or the Board is hereby permitted and expressly authorized by you to offset against any future payments owed by the Company or of its subsidiaries to you (including any salary, bonus, severance or other compensation) to
satisfy the repayment obligation. The determination of whether you have breached this Section 15 shall be determined by the Committee or the Board in good faith. This
Section 15 shall have no application following a termination of employment following a Change in Control (as defined in the Plan).
	 

	 
	
 	
(iii)      	
You agree to reimburse the Company for all costs and expenses (including, without limitation, court costs and the reasonable fees and expenses of attorneys) incurred by the Company in connection with any action by the
Company seeking to enforce this Section 15 if and to the extent the Company is determined by a court of competent jurisdiction to have prevailed on the merits in such action.
	 
	 	 	
For purposes of any prior award agreement providing for the grant of stock options, restricted stock units or other equity awards by the Company, the condition to such reimbursement of costs and expenses that the
Company must have been determined by a court of competent jurisdiction to have prevailed on the merits on such action shall also apply to all such prior equity award agreements.
	 
	
 	
(iv)      	
If any court of competent jurisdiction determines that any provision of this Section 15, as written, is too broad in scope or duration to be enforceable, such provision should be narrowed in scope and duration to the
extent (and only to such extent) necessary to make such provision enforceable. The invalidity or unenforceability of any provision or provisions of this Section 15 shall not affect the validity or enforceability of any other provision of this
Agreement, which shall remain in full force and effect.
	 

     16. Venue and Jurisdiction; Waiver of Jury Trial. Any claim brought by you arising out of or in
connection with this Agreement or the Plan (as incorporated herein by reference), the subject matter thereof, or the performance or non-performance of any obligation thereunder (other than a counterclaim maintained by you in an action originally
brought by the Company), shall be brought in either the state or federal courts located in the State of New Jersey. You hereby irrevocably submit to the jurisdiction of each of the state or federal courts located in the State of New Jersey for the
purposes of any suit, civil action or other proceeding ("Suit") arising out of or in connection with this Agreement or the Plan, the subject matter thereof, or the performance or non-performance of any obligation thereunder.  You hereby waive and
agree not to assert by way of motion, as a defense or otherwise in any such Suit, any claim that you are not subject to the jurisdiction of the state or federal courts located in the State of New Jersey, that such Suit is brought in an inconvenient
forum, or that the venue of such Suit is improper.  You hereby consent to service of process by first-class mail with respect to any action brought by the Company against you arising out of or in connection with this Agreement or the Plan.

YOU HEREBY WAIVE ANY TRIAL BY JURY WITH RESPECT TO ANY CLAIM ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT OR THE PLAN, THE SUBJECT MATTER THEREOF, OR THE PERFORMANCE OR NON-PERFORMANCE OF ANY OBLIGATION
THEREUNDER. 

     17. Miscellaneous. This Agreement and the Plan contain a complete statement of all the arrangements
between the parties with respect to their subject matter, and this Agreement cannot be changed except in a writing executed by both parties. However, if and to the extent that the terms of any employment agreement between you and the Company as then
in effect modify this Agreement, then while such employment agreement is then in effect, the terms of such employment agreement shall control as between the employment agreement and this Agreement. This Agreement shall be governed by and construed
in accordance with the laws of the State of New Jersey applicable to agreements made and to be performed exclusively in New Jersey. The headings in this Agreement are solely for the convenience of reference and shall not affect its meaning or
interpretation. 

Please indicate your acceptance of the foregoing terms and conditions by signing a copy of this Agreement and returning it to the Company to the attention of the Compensation Department. 

	
Linens ’n Things, Inc.

	
 	
Employee:

	

	
By:________________________ 
	
 	
________________________ 
	
	
	
 
	
    Name: Brian D. Silva 
	
 	
 

	
    Title:   Senior Vice President, Human 
	
 	
 

	
              Resources, Administration 
	
 	
 

	
              and Corporate Secretary 
	
 	
 

	
 

	
Date: ______________________ 
	
 	
Date: __________________

 

STOCK OPTION PLAN

DESIGNATED BENEFICIARY FORM

I, _____________________________, hereby appoint the following individual to act as my designated “Beneficiary*” pursuant to Linens ’n Things, Inc. New Hire Authorization (the “Plan”), and also applicable to any other option plans maintained by the Company. 

_____________________________________
 (Name of Designated Beneficiary) 

______________________________________
 (Street Address) 

______________________________________
 (City, State and Zip Code) 

______________________________________
 (Telephone Number) 

______________________________________
 (Social Security Number) 

I understand that after my death, the above-named individual may exercise Options granted to me under the Plans only to the extent that such Options are exercisable according to the terms and conditions of the Plans
and all previously issued Linens ’n Things, Inc. Stock Option Agreements.

 

	

______________________

(Date)   

	
 	

______________________

(Signature of Employee) 

 

	
            * To designate more than one beneficiary, copy this page and fill out one page for each beneficiary. Next to the name of each beneficiary, note the percentage of the options, which such beneficiary will be entitled to exercise.EX-4.1

Exhibit 4.1

REGISTRATION RIGHTS AND LOCK UP AGREEMENT

This REGISTRATION RIGHTS AND LOCK UP AGREEMENT (this “Agreement”) is made and entered
into as of July 22, 2005, by and among Verticalnet, Inc., a Pennsylvania corporation
(“Verticalnet”), Alphen Trading Limited, a private limited company duly incorporated under
the laws of The British Virgin Islands with registered number 517240 (“Alphen Trading”),
Andrew Knotts, an adult individual (“Knotts”), Patrick Lawton, an adult individual
(“Lawton”), Peter Linsell, an adult individual (“Linsell”), Colin Robertson, an
adult individual (“Robertson”), and Brent Summers, an adult individual (“Summers”).
Each of Alphen Trading, Knotts, Lawton, Linsell, Robertson and Summers are referred to herein
individually as a “Shareholder,” and collectively as the “Shareholders.”

Background

Verticalnet and each of the Shareholders are parties to that certain Share Purchase Agreement,
dated of even date herewith (the “Share Purchase Agreement”), pursuant to which, among
other things, the Shareholders will sell to Verticalnet, and Verticalnet will purchase from the
Shareholders, all of the issued and outstanding shares of £0.01 each (the “Shares”) of
Digital Union Limited, a private limited company registered in England under no: 04141693
(“Digital Union”). In consideration for the Shares, Verticalnet will issue to the
Shareholders shares of common stock of Verticalnet, $0.01 par value per share (“Verticalnet
Common Stock”). Pursuant to the Share Purchase Agreement, the Shareholders shall have certain
rights with respect to the registration of the shares of Verticalnet Common Stock received pursuant
to the Share Purchase Agreement (the “Acquisition Shares”) for sale under the Securities
Act, and there shall be certain restrictions on the transfer by the Shareholders of such
Acquisition Shares.

Terms and Conditions

NOW THEREFORE, in consideration of the mutual covenants and promises contained in the Share
Purchase Agreement and in this Agreement and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Verticalnet and the Shareholders agree as follows:

1. Certain Definitions. As used in this Section 1 and elsewhere in this Agreement,
the following terms shall have the following respective meanings:

“Acquisition Shares” means the shares of Verticalnet Common Stock issuable to the
Shareholders pursuant to the Share Purchase Agreement, including any shares of Verticalnet Common
Stock issued as part of the Earn Out Payment, if any, and any other shares of Verticalnet Common
Stock issued in respect of such shares (because of stock splits, stock dividends,
reclassifications, recapitalizations or similar events); provided, however, that
the shares of Verticalnet Common Stock held by any Shareholder which are Acquisition Shares shall
cease to be Acquisition Shares upon any sale by such Shareholder pursuant to the Resale
Registration Statement or a Piggyback Registration Statement, or upon the first date that such
Acquisition Shares are free of the restrictions on transfer set forth in Section 9 and may be sold
pursuant to the applicable provisions of Rule 144 within any 90-day period.

“Agreement” has the meaning set forth in the preamble.

“Alphen Trading” has the meaning set forth in the preamble.

“Black Out Requirement” has the meaning set forth in Section 5(a).

“Digital Union” has the meaning set forth in the background.

“Effective Period” has the meaning set forth in Section 4(a).

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules
and regulations promulgated thereunder.

“Knotts” has the meaning set forth in the preamble.

“Lawton” has the meaning set forth in the preamble.

“Linsell” has the meaning set forth in the preamble.

“Lock Up Shares” means the Tranche One Lock Up Shares and the Tranche Two Lock Up
Shares.

“Piggyback Registration Statement” means a Registration Statement whereby a
Shareholder has exercised its Piggyback Right to include Acquisition Shares in such Registration
Statement.

“Piggyback Notice” has the meaning set forth in Section 3(a).

“Piggyback Right” has the meaning set forth in Section 3(a).

“Registration Expenses” means the expenses described in Section 6.

“Registration Statement” means a registration statement filed by Verticalnet with the
SEC under the Securities Act for a public offering and sale of securities of Verticalnet.

“Resale Registration Statement” has the meaning set forth in Section 2.

“Robertson” has the meaning set forth in the preamble.

“Rule 144” means Rule 144 of the SEC promulgated under the Securities Act.

“SEC” means the Securities and Exchange Commission or any other Federal agency at the
time administering the Securities Act.

“Securities Act” means the Securities Act of 1933, as amended, and the rules and
regulations promulgated thereunder.

“Shareholder” has the meaning set forth in the preamble.

“Share Purchase Agreement” has the meaning set forth in the background.

“Share” has the meaning set forth in the background.

“Special Registration Statement” shall mean a Registration Statement relating to any
employee benefit plan or with respect to any corporate reorganization or other transaction under
Rule 145 under the Securities Act, including without limitation, a Registration Statement on Form
S-8 or Form S-4 or any successor form of registration statement.

“Summers” has the meaning set forth in the preamble.

“Tranche One Lock Up Shares” means (a) with respect to Knotts, 107,705 shares of
Verticalnet Common Stock issued to Knotts at the Closing of the Transactions, (b) with respect to
Lawton, 861,635 shares of Verticalnet Common Stock issued to Lawton at the Closing of the
Transactions, (c) with respect to Linsell, 11,475 shares of Verticalnet Common Stock issued to
Linsell at the Closing of the Transactions, (d) with respect to Robertson, 38,327 shares of
Verticalnet Common Stock issued to Robertson at the Closing of the Transactions, (e) with respect
to Summers, 107,705 shares of Verticalnet Common Stock issued to Summers at the Closing of the
Transaction and (f) with respect to Alphen Trading, 771,750 shares of Verticalnet Common Stock
issued to Alphen Trading at the Closing of the Transactions.

“Tranche Two Lock Up Shares” means (a) with respect to Lawton, the sum of (i) 603,144
shares of Verticalnet Common Stock issued to Lawton at the Closing of the Transactions and (ii) 50%
of the shares of Verticalnet Common Stock issuable to Lawton as part of the Earn Out Payment, if
any, (b) with respect to Knotts, 75,393 shares of Verticalnet Common Stock issued to Knotts at the
Closing of the Transactions, (c) with respect to Linsell, 8,032 shares of Verticalnet Common Stock
issued to Linsell at the Closing of the Transactions, (d) with respect to Robertson, the sum of (i)
26,828 shares of Verticalnet Common Stock issued to Robertson at the Closing of the Transactions
and (ii) 50% of the shares of Verticalnet Common Stock issuable to Robertson as part of the Earn
Out Payment, if any, and (e) with respect to Summers, the sum of (i) 75,393 shares of Verticalnet
Common Stock issued to Summers at the Closing of the Transaction and (ii) 50% of the shares of
Verticalnet Common Stock issuable to Summers as part of the Earn Out Payment, if any.

“Transfer” has the meaning set forth in Section 9(a).

“Verticalnet” has the meaning set forth in the preamble.

“Verticalnet Common Stock” has the meaning set forth in the background.

“Verticalnet Notice” has the meaning set forth in Section 3(a).

Other terms used herein and not otherwise defined shall have the respective meanings ascribed
to them in the Share Purchase Agreement.

2. Resale Registration Statement. Unless previously registered pursuant to Section 3,
on or prior to 120 days after the date hereof, Verticalnet shall file a Registration Statement on
Form S-3 (the “Resale Registration Statement”) registering the offering and sale by the
Shareholders of the Acquisition Shares issued and then held by the Shareholders and shall use its
best efforts to cause the Resale Registration Statement to become effective and to remain effective
during the Effective Period; provided, however, Verticalnet shall not be in
violation of this Section 2 for any delay in effectiveness of the Resale Registration Statement
that is a result of any action or inaction on the part of Lawton or Linsell that results in a delay
in filing or the failure to file the financial statements required to be filed pursuant to Form 8-K
under the Exchange Act in connection with the closing of the Transactions contemplated by the Share
Purchase Agreement. The Resale Registration Statement shall include the “Plan of
Distribution” in substantially the form attached hereto as Exhibit A.

3. Piggyback Registration Statement.

(a) If, at any time Verticalnet files a Registration Statement for its own account or for the
account of others (excluding Special Registration Statements), it shall notify the Shareholders in
writing (the “Verticalnet Notice”). Each Shareholder shall have the right (the
“Piggyback Right”), subject to the limitations set forth in Section 3(b), to include in any
such Registration Statement all or any portion of the Acquisition Shares then held by such
Shareholder, which were not included in a Resale Registration Statement previously filed with the
SEC pursuant to Section 2. In order to exercise the Piggyback Right, a Shareholder shall give
written notice to Verticalnet (the “Piggyback Notice”) no later than 15 days following the
date on which Verticalnet gives the Verticalnet Notice. The Piggyback Notice shall set forth the
number of Acquisition Shares that such Shareholder desires to include in the Registration
Statement.

(b) If the Registration Statement under which Verticalnet gives notice under this Section 3 is
for an underwritten offering, Verticalnet shall so advise the Shareholders in the Verticalnet
Notice. In such event, the right of any such Shareholder to be included in a registration pursuant
to this Section 3 shall be conditioned upon such Shareholder’s participation in such underwritten
offering and the inclusion of such Shareholder’s Acquisition Shares in the underwritten offering to
the extent provided herein. The Shareholders proposing to distribute their Acquisition Shares by
means of such underwritten offering shall enter into an underwriting agreement in customary form
with the underwriter or underwriters selected for such underwriting by Verticalnet.
Notwithstanding any other provision of this Agreement, if the underwriter determines in good faith
that marketing factors require a limitation of the number of shares to be underwritten, the number
of shares that may be included in the underwriting shall be allocated in the following order of
priority: (i) first, to Verticalnet, all securities Verticalnet proposes to register, whether for
its own account or for the account of any of its securityholders who have exercised demand
registration rights; (ii) second, to the securities of any other securityholders of Verticalnet
with rights superior to those of the Shareholders; (iii) third, to the Shareholders on a pro rata
basis based on the total number of Acquisition Shares requested to be included in such registration
by the Shareholders; and (iv) fourth, to other securities requested to be included in such
Registration Statement. No such reduction shall reduce the securities being offered by Verticalnet
for its own account to be included in the registration and underwriting. If any Shareholder
disapproves of the terms of any such underwriting, such Shareholder may elect to withdraw therefrom
by written notice to Verticalnet and the underwriter, delivered at least 30 days prior to the
effective date of the Registration Statement.

(c) Verticalnet shall have the right to terminate or withdraw any registration initiated by it
under this Section 3 prior to the effectiveness of such registration whether or not any Shareholder
has elected to include securities in such registration.

4. Registration Procedures. In connection with the registration of the Acquisition
Shares under the Securities Act, Verticalnet shall as expeditiously as possible:

(a) prepare and file with the SEC any amendments and supplements to the Resale Registration
Statement and the prospectus included therein as may be necessary to keep the Resale Registration
Statement effective for a period ending on the earliest of (i) the date on which all Acquisition
Shares registered under such Resale Registration Statement have been sold and (ii) the date all
Acquisition Shares registered under such Resale Registration Statement are free of the restrictions
on transfer set forth in Section 9 and may be sold under Rule 144 within any 90-day period (the
“Effective Period”);

(b) furnish to each Shareholder who so requests such reasonable numbers of copies of the
prospectus relating to the Resale Registration Statement or a Piggyback Registration Statement in
conformity with the requirements of the Securities Act, and such other documents as such
Shareholder may reasonably request in order to facilitate the public sale or other disposition of
the Acquisition Shares owned by such Shareholder;

(c) use its commercially reasonable efforts to register or qualify the Acquisition Shares
covered by the Resale Registration Statement or a Piggyback Registration Statement under the
securities or Blue Sky Laws of such states as each Shareholder shall reasonably request, and do any
and all other acts and things that may reasonably be necessary or desirable to enable such
Shareholder to consummate the public sale or other disposition in such states of the Acquisition
Shares owned by such Shareholder; provided, however, that Verticalnet shall not be
required in connection with this paragraph (b) to qualify as a foreign corporation or execute a
general consent to service of process in any jurisdiction; and

(d) upon the occurrence of any event of the kind described in Section 7(c)(i)-(iv) below, use
its best efforts to promptly rectify, or take such reasonable action with respect to, such event so
that each Shareholder is entitled to resume the disposition of such Shareholder’s Acquisition
Shares in accordance with the terms of this Agreement.

5. Blackout Periods; Revised Prospectus.

(a) Verticalnet may by written notice require that each Shareholder who has requested a
prospectus immediately cease sales of shares pursuant to the Resale Registration Statement or a
Piggyback Registration Statement (a “Black Out Requirement”) at any time that Verticalnet
becomes engaged in a business activity or negotiation which is not disclosed in the prospectus
included in such Resale Registration Statement or Piggyback Registration Statement and which
Verticalnet reasonably believes must be disclosed therein under applicable Law and which
Verticalnet desires to keep confidential for business purposes, the disclosure of which at such
time Verticalnet believes could have an adverse effect on Verticalnet or its business or prospects
or on the successful completion of such business activity or negotiation or on the market price of
Verticalnet’s securities. The Black Out Requirement shall not exceed 90 days in any 12 month
period, and the time period of any one Black Out Requirement shall not exceed 60 consecutive days.
Verticalnet shall not be required to disclose to any Shareholder the reasons for requiring a
suspension of sales under the Resale Registration Statement or a Piggyback Registration Statement,
and no Shareholder shall disclose to any third party (other than financial advisors or other
experts consulted by such Shareholder with respect to any such sales of shares who agree to keep
the information confidential) the existence of any such suspension. Verticalnet will promptly
notify all such Shareholders as soon as Verticalnet determines that the Blackout Requirement is no
longer necessary.

(b) If Verticalnet has delivered a prospectus to a Shareholder and after having done so the
prospectus included in a Piggyback Registration Statement is amended to comply with the
requirements of the Securities Act, Verticalnet shall promptly notify such Shareholder and, if
requested, such Shareholder shall immediately cease making offers of Acquisition Shares and return
all undistributed prospectuses to Verticalnet. Verticalnet shall promptly provide such Shareholder
with a revised prospectus and, following receipt of the revised prospectus, such Shareholder shall
be free to resume making offers of the Acquisition Shares held by such Shareholders.

6. Allocation of Expenses. Verticalnet will pay all Registration Expenses relating to
the Resale Registration Statement or any Piggyback Registration Statement. For purposes of this
Section 6, the term “Registration Expenses” shall mean all reasonable expenses incurred by
Verticalnet in complying with this Agreement, including all registration and filing fees, listing
fees, printing expenses, fees and disbursements of accountants and counsel for Verticalnet, and any
state Blue Sky fees and expenses; provided, however, that except as expressly set
forth herein, in no event shall Registration Expenses include any underwriting fees, discounts,
commissions or fees attributable to the sale of the Acquisition Shares or any counsel, accounting
or other Persons retained by any Shareholder in connection with the consummation of the
transactions contemplated by this Agreement.

7. Shareholder Covenants. Each Shareholder hereby covenants and agrees that:

(a) it will not sell any Acquisition Shares under the Resale Registration Statement or any
Piggyback Registration Statement until it has requested and received a prospectus from Verticalnet
and received notice from Verticalnet that such Resale Registration Statement or Piggyback
Registration Statement has become effective (but this shall not affect the rights to sell in any
other manner in accordance with applicable law);

(b) it will comply with the prospectus delivery requirements of the Securities Act as
applicable to such Shareholder in connection with sales of Acquisition Shares pursuant to the
Resale Registration Statement or any Piggyback Registration Statement;

(c) upon receipt of a notice from Verticalnet of the occurrence of any event of the kind
described in Section 7(c)(i)–(iv) below, such Shareholder shall forthwith discontinue disposition
of such Acquisition Shares under the Resale Registration Statement and/or any Piggyback
Registration Statement until such Shareholder receives copies of the supplemented prospectus and/or
amended Resale Registration Statement and/or Piggyback Registration Statement or until such
Shareholder is advised in writing by Verticalnet that the use of the applicable prospectus may be
resumed:

(i) any request by the SEC or any other Governmental Body for amendments or supplements to
such Resale Registration Statement and/or Piggyback Registration Statement or the prospectus
relating thereto or for additional information;

(ii) the issuance by the SEC of any stop order suspending the effectiveness of such Resale
Registration Statement and/or Piggyback Registration Statement or the initiation of any proceedings
for that purpose;

(iii) the receipt by Verticalnet of any written notification with respect to the suspension of
the qualification or exemption from qualification of the Acquisition Shares for sale in any
jurisdiction, or the initiation or threatening in writing of any proceeding, for such purpose; or

(iv) the occurrence of any event that makes any statement made in such Resale Registration
Statement and/or Piggyback Registration Statement or the prospectus relating thereto or any
document incorporated or deemed to be incorporated therein by reference untrue or inaccurate in any
material respect or that requires any revisions to such Resale Registration Statement and/or
Piggyback Registration Statement, prospectus or other documents so that, in the case of such Resale
Registration Statement and/or Piggyback Registration Statement or the prospectus relating thereto,
as the case may be, it will not contain any untrue statement of a material fact or omit to state
any material fact required to be stated therein or necessary to make the statements therein, in
light of the circumstances under which they were made, not misleading; and

(d) such Shareholder shall furnish to Verticalnet in writing (i) information regarding such
Shareholder and the distribution of the Acquisition Shares as is required by Law to be disclosed in
the Resale Registration Statement and/or any Piggyback Registration Statement and (ii) any
information that is different from the information concerning such Shareholder and the plan of
distribution contained in such Resale Registration Statement and/or Piggyback Registration
Statement.

8. Indemnification.

(a) In connection with the Resale Registration Statement and any Piggyback Registration
Statement to the extent permitted by Law:

(i) Verticalnet will indemnify and hold harmless each Shareholder and each of its directors
and officers, any underwriter (as defined in the Securities Act) for such Shareholder and each
Person, if any, who controls such Shareholder or underwriter within the meaning of the Securities
Act or the Exchange Act, against any losses, claims, damages, or liabilities (joint or several) to
which any of the foregoing persons may become subject under the Securities Act, the Exchange Act or
other federal or state Law, insofar as such losses, claims, damages, or liabilities (or actions in
respect thereof) arise out of or are based upon any of the following statements, omissions or
violations: (A) any untrue statement or alleged untrue statement of a material fact contained in
the Resale Registration Statement or any Piggyback Registration Statement, including any
preliminary prospectus or final prospectus contained therein or any amendments or supplements
thereto, (B) the omission or alleged omission to state therein a material fact required to be
stated therein, or necessary to make the statements contained in the Resale Registration Statement
or any Piggyback Registration Statement not misleading or (C) any violation or alleged violation by
Verticalnet of the Securities Act, the Exchange Act or any state securities Law; and Verticalnet
will pay to each such Shareholder, director, officer, underwriter or controlling person, as
incurred, any legal or other expenses reasonably incurred by them in connection with investigating
or defending any such loss, claim, damage, liability, or action; provided, however,
that the indemnity agreement contained in this subsection 8(a)(i) shall not apply to: (w) amounts
paid in settlement of any such loss, claim, damage, liability, or action if such settlement is
effected without the consent of Verticalnet (which consent shall not be unreasonably withheld), (x)
any such loss, claim, damage, liability, or action to the extent that it arises out of or is based
upon information contained in or omitted from the Resale Registration Statement or any Piggyback
Registration Statement in reliance upon and in conformity with written information furnished
expressly for use in connection with such Resale Registration Statement or Piggyback Registration
Statement by such Shareholder, underwriter or controlling person, (y) any such loss, claim, damage,
liability or action to the extent that it arises out of or is based upon (i) such Shareholder’s or
underwriter’s failure to deliver a copy of a prospectus included in the Resale Registration
Statement or any Piggyback Registration Statement, or any amendments or supplements thereto, or
(ii) an untrue statement or alleged untrue statement or omission in the Resale Registration
Statement or any Piggyback Registration Statement or any prospectus that is corrected in any
subsequent amendment or supplement to such Resale Registration Statement or Piggyback Registration
Statement or prospectus that was delivered to such Shareholder a reasonable time before the
pertinent sale or sales by such Shareholder and which Verticalnet advised such Shareholder in
writing must be used in lieu of any prior prospectus or amendment or supplement thereto that had
previously been provided to such Shareholder or (z) any such loss, claim, damage, liability or
action to the extent that it arises out of or is based upon, in whole or part, such Shareholder’s
or underwriter’s violation or alleged violation of the Securities Act, the Exchange Act or any
state securities Law; and

(ii) each Shareholder will indemnify and hold harmless Verticalnet, each of its directors,
each of its officers who has signed the Resale Registration Statement or any Piggyback Registration
Statement, each Person, if any, who controls Verticalnet within the meaning of the Securities Act,
any underwriter, and any controlling person of any such underwriter, against any losses, claims,
damages, or liabilities (joint or several) to which any of the foregoing persons may become
subject, under the Securities Act, the Exchange Act or other federal or state Law, insofar as such
losses, claims, damages, or liabilities (or actions in respect thereto) arise out of or are based
upon (x) information contained in the Resale Registration Statement or any Piggyback Registration
Statement in conformity with written information furnished by such Shareholder expressly for use in
connection with such Resale Registration Statement or Piggyback Registration Statement, (y) such
Shareholder’s failure to deliver a copy of a prospectus included in the Resale Registration
Statement or any Piggyback Registration Statement, or any amendments or supplements thereto or, (z)
in whole or part, such Shareholder’s violation or alleged violation of the Securities Act, the
Exchange Act or any state securities Law; and each such Shareholder will pay, as incurred, any
legal or other expenses reasonably incurred by any person intended to be indemnified pursuant to
this subsection 8(a)(ii), in connection with investigating or defending any such loss, claim,
damage, liability, or action; provided, however, that the indemnity agreement
contained in this subsection 8(a)(ii) shall not apply to (x) amounts paid in settlement of any such
loss, claim, damage, liability or action if such settlement is effected without the consent of such
Shareholder, which consent shall not be unreasonably withheld or (y) any loss, claim, damage,
liability or action arising out of Verticalnet’s failure to notify such Shareholder of the
occurrence of any event that makes any statement made in such Resale Registration Statement and/or
Piggyback Registration Statement or the prospectus relating thereto or any document incorporated or
deemed to be incorporated therein by reference untrue in any material respect. In no event shall
the liability of any individual Shareholder under this subsection 8(a) exceed the gross sales
proceeds received by such Shareholder from the sale of the Acquisition Shares pursuant to the
Resale Registration Statement or any Piggyback Registration Statement. The liability of the
Shareholders shall be several, and not joint.

(b) Promptly after receipt by an indemnified party under this Section 8 of notice of the
commencement of any action (including any governmental action), such indemnified party will, if a
claim in respect thereof is to be made against any indemnifying party under this Section 8, deliver
to the indemnifying party a written notice of the commencement thereof and the indemnifying party
shall have the right to participate in, and, to the extent the indemnifying party so desires,
jointly with any other indemnifying party similarly noticed, to assume the defense thereof with
counsel mutually satisfactory to the parties; provided, however, that an
indemnified party (together with all other indemnified parties which may be represented without
conflict by one counsel) shall have the right to retain one separate counsel, with the fees and
expenses to be paid by the indemnifying party, if representation of such indemnified party by the
counsel retained by the indemnifying party would be inappropriate due to actual or potential
differing interests between such indemnified party and any other party represented by such counsel
in such proceeding. The failure to deliver written notice to the indemnifying party within a
reasonable time of the commencement of any such action, if materially prejudicial to its ability to
defend such action, shall relieve such indemnifying party of any liability to the indemnified party
under this Section 8 to the extent of such prejudice, but the omission so to deliver written notice
to the indemnifying party will not relieve it of any liability that it may have to any indemnified
party otherwise than under this Section 8.

(c) If the indemnification provided for in this Section 8 is held by a court of competent
jurisdiction to be unavailable to an indemnified party with respect to any loss, liability, claim,
damage, or expense referred to therein, then the indemnifying party, in lieu of indemnifying such
indemnified party hereunder, shall contribute to the amount paid or payable by such indemnified
party as a result of such loss, liability, claim, damage, or expense in such proportion as is
appropriate to reflect the relative fault of the indemnifying party on the one hand and of the
indemnified party on the other in connection with the statements or omissions that resulted in such
loss, liability, claim, damage, or expense as well as any other relevant equitable considerations.
The relative fault of the indemnifying party and of the indemnified party shall be determined by
reference to, among other things, whether the untrue or alleged untrue statement of a material fact
or the omission to state a material fact relates to information supplied by the indemnifying party
or by the indemnified party and the parties’ relative intent, knowledge, access to information, and
opportunity to correct or prevent such statement or omission. In no event shall any contribution
by a Shareholder under this subsection 8(c) exceed the gross sales proceeds received by such
Shareholder upon the sale of the Acquisition Shares pursuant to the Resale Registration Statement
or any Piggyback Registration Statement. In no event shall a person or entity guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act) be entitled to
contribution from any person or entity who was not guilty of fraudulent misrepresentation.

(d) The obligations of Verticalnet and the Shareholders under this Section 8 shall survive the
completion of the offering of Acquisition Shares under the Resale Registration Statement and/or any
Piggyback Registration Statement.

9. Restrictions on Transfer.

(a) The Shareholders shall not, directly or indirectly, offer, pledge, sell, contract to sell,
sell any option or contract to purchase, purchase any option or contract to sell, grant any option,
right or warrant to purchase, lend or otherwise transfer, assign or dispose of any of the Lock Up
Shares, enter into any hedging transactions with brokers or dealers, which may in turn engage in
short sales in the course of hedging the positions such brokers or dealers may assume, with respect
to any of the Lock Up Shares or enter into any transaction to sell Verticalnet common stock short
whereby such Shareholder could deliver any of the Lock Up Shares to close out such short positions
(in each case a “Transfer”) held by such Shareholder.

(b) The obligations of the Shareholders under this Section 9 shall terminate as follows:

(i) With respect to the Tranche One Lock Up Shares, one year after the Closing; and

(ii) With respect to the Tranche Two Lock Up Shares, two years after the Closing.

(c) For purposes of this Agreement, any Acquisition Shares that have been deposited with
the Escrow Agent in connection with the Closing pursuant to the Escrow Agreement shall be deemed
Tranche One Lock Up Shares or, as the case may be, Tranche Two Lock Up Shares.

10. Transfers Pursuant to Rule 144 or Resale or Piggyback Registration
Statements.

(a) Upon a Shareholder’s compliance with this Agreement and the applicable provisions of Rule
144 or prospectus delivery requirements under the Securities Act, as the case may be, Verticalnet
will take such action, at its sole cost, as may be required (including, soliciting an appropriate
opinion from legal counsel to issue an appropriate opinion) to cause its transfer agent to
effectuate any transfer of Acquisition Shares properly requested by such Shareholder, in accordance
with the terms and conditions of Rule 144 or any sale under the Resale Registration Statement or
any Piggyback Registration Statement.

(b) With a view to making available to each Shareholder the benefits of Rule 144 (or its
successor rule) and any other rule or regulation of the SEC that may at any time permit such
Shareholder to sell the Acquisition Shares to the public without registration, Verticalnet shall:
(i) make and keep public information available, as those terms are understood and defined in Rule
144, until the earlier of (A) six months after such date as all of the Acquisition Shares may be
resold pursuant to Rule 144(k) or any other rule of similar effect or (B) such date as all of the
Acquisition Shares shall have been resold; (ii) file with the SEC in a timely manner all reports
and other documents required to be filed by Verticalnet under the Exchange Act; and (iii) furnish
to such Shareholder upon request, as long as such Shareholder owns any Acquisition Shares, (A) a
written statement by Verticalnet that it has complied with the reporting requirements of the
Exchange Act and (B) a copy of Verticalnet’s most recent Annual Report on Form 10-K or Quarterly
Report on Form 10-Q.

11. Compliance with Verticalnet Insider Trading Policies. All sales of Acquisition
Shares held by a Shareholder who is an employee of Verticalnet or any direct or indirect subsidiary
of Verticalnet shall be made in accordance with Verticalnet’s policies against insider trading and
the misuse of material non-public information, including any blackout periods set forth therein.

12. No Assignment. The rights granted pursuant to this Agreement may not be
transferred or assigned by any Shareholder without the prior written consent of Verticalnet. Any
attempted transfer or assignment in violation of the foregoing shall be void ab initio.

13. Amendments and Waivers. The provisions of this Agreement may be modified or
amended at any time and from time to time only by an agreement or consent in writing executed by
Verticalnet and the Shareholders. No provision of this Agreement may be waived except in a written
instrument signed by the party against whom enforcement of such waiver is sought. No waiver of any
default with respect to any provision, condition or requirement of this Agreement shall be deemed
to be a continuing waiver in the future or a waiver of any other provision, condition or
requirement hereof, nor shall any delay or omission of any party to exercise any right hereunder in
any manner impair the exercise of any such right accruing to it thereafter.

14. Notices. All notices, requests, consents and other communications required to be
given pursuant to this Agreement shall be in writing and shall be given by personal delivery,
facsimile with confirmation of receipt or by air courier. Notices shall be deemed effective when
personally delivered or so received by facsimile or three days after being so sent, as the case may
be, to the parties at the following respective addresses or at such other address of which either
party shall notify the other in accordance with this Section 14:

	 	 	 	 	 
	Verticalnet:
	 	Verticalnet, Inc.

	 
	 	400 Chester Field Parkway
	 
	 	Malvern, PA  19355

	 
	 	Attention:  Legal

	 
	 	(facsimile:  610.240.9470)

	With a required copy to:
	 	Morgan, Lewis & Bockius LLP

	 
	 	1701 Market Street
	 
	 	Philadelphia, PA 19103

	 
	 	Attention:  James W. McKenzie, Jr., Esq.

	 
	 	(facsimile:  215.963.5001)

	Any Shareholder:
	 	To the address set forth on the records of

	 
	 	Verticalnet or such other address as may be

	 
	 	forwarded by a Shareholder in writing.

15. Entire Agreement; Governing Law. This Agreement shall be governed by and
construed, interpreted and enforced in accordance with the Laws of the State of New York, without
giving effect to any of the conflicts of laws provisions thereof that would require the application
of the substantive laws of any other jurisdiction. EACH PARTY HEREBY IRREVOCABLY WAIVES ALL RIGHT
TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR
OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE ACTIONS OF SUCH PARTY IN THE
NEGOTIATION, ADMINISTRATION, PERFORMANCE AND ENFORCEMENT HEREOF. This Agreement, together with the
Transaction Documents, embodies the entire agreement and understanding between the parties, and
supersedes all prior agreements and understandings relating to the subject matter hereof.

16. Consent to Jurisdiction; Service of Process.

(a) Each of the parties hereby irrevocably and unconditionally submits, for itself and its
property, to the exclusive jurisdiction of any court of the State of New York sitting in New York,
New York or any Federal court of the United States of America sitting in the Southern District of
New York and any appellate court from any thereof, in any action or proceeding arising out of or
relating to this Agreement or any transaction contemplated by this Agreement or for recognition or
enforcement of any judgment relating to the transactions contemplated by this Agreement, and each
of the Parties hereby irrevocably and unconditionally agrees that all claims in respect of any such
action or proceeding may be heard and determined in such court of the State of New York
or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees
that a final judgment in any such action or proceeding shall be conclusive and may be enforced in
other jurisdictions by suit on the judgment or in any other manner provided by law.

(b) Each of the parties hereto hereby irrevocably and unconditionally waives, to the fullest
extent it may legally and effectively do so, any objection which may now or hereafter have to the
laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or
the transactions contemplated by this Agreement in any court of the State of New York sitting
in New York, New York or any Federal court of the United States of America sitting in the Southern
District of New York. Each of the parties hereto hereby irrevocably waives, to the fullest
extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or
proceeding in any such court.

(c) Each of the parties hereto hereby irrevocably and unconditionally consents to service of
process in the manner provided for notices in Section 14. Nothing in this Agreement will affect
the right of any party to this Agreement to serve process in any other manner permitted by law.

17. Remedies. In the event of a breach by Verticalnet or by a Shareholder, of any of
their respective obligations under this Agreement, such Shareholder or Verticalnet, as the case may
be, in addition to being entitled to exercise all rights granted by law and under this Agreement,
including recovery of damages, will be entitled to specific performance of its rights under this
Agreement. Verticalnet and each Shareholder agrees that monetary damages would not provide
adequate compensation for any losses incurred by reason of a breach by it of any of the provisions
of this Agreement and hereby further agrees that, in the event of any action for specific
performance in respect of such breach, it shall waive the defense that a remedy at law would be
adequate. Each of the parties shall be entitled to seek an injunction or injunctions to prevent
breaches of this Agreement and to enforce specifically the terms and provisions hereof in any court
having jurisdiction, this being in addition to any other remedy to which they are entitled at law
or in equity.

18. Severability. If one or more provisions of this Agreement are held to be
unenforceable under applicable Law, the portion of such provision that is found to be unenforceable
shall be excluded from this Agreement and the balance of the Agreement shall be interpreted as if
such provision were so excluded and shall be enforceable in accordance with its terms.

19. Counterparts. This Agreement may be executed in any number of counterparts and
any party may execute any such counterpart, each of which when executed and delivered (which
deliveries may be made by facsimile) shall be deemed to be an original, and all of which
counterparts taken together shall constitute but one and the same instrument. It shall not be
necessary when making proof of this Agreement to produce or account for more than one such
counterpart.

20. Interpretation. Unless the context of this Agreement clearly requires otherwise,
(a) references to the plural include the singular, the singular the plural, the part the whole, (b)
references to any gender include all genders, (c) “including” has the inclusive meaning
frequently identified with the phrase “but not limited to” and (d) references to
“hereunder” or “herein” relate to this Agreement. The section and other headings
contained in this Agreement are for reference purposes only and shall not control or affect the
construction of this Agreement or the interpretation thereof in any respect. Section references
are to this Agreement unless otherwise specified.

{Signature Page to Follow}

1

IN WITNESS WHEREOF, this Registration Rights and Lock Up Agreement has been executed as
of the date first above written.

VERTICALNET, INC.

	 	 	 
	By: /s/ Gene S. Godick__________

	 

	Name:

	 	Gene S. Godick
	Title: Executive Vice President and Chief

Financial Officer

ALPHEN TRADING LIMITED

	 	 	 
	By: /s/ Simon Groom

	 	

	 
	 	 
	 

	 
	 	 
	Name:

	 	Simon Groom

	 	 	 	Title: Director of SH Associates Limited, the

sole director of Alphen Trading Limited

/s/ Andrew Knotts

	 	 	 	ANDREW KNOTTS

/s/ Patrick Lawton

	 	 	 	PATRICK LAWTON

/s/ Peter Linsell

	 	 	 	PETER LINSELL

/s/ Colin Robertson

	 	 	 	COLIN ROBERTSON

/s/ Brent Summers

	 	 	 	BRENT SUMMERS

2

EXHIBIT A

Plan of Distribution

The selling shareholders of our common stock registered under this registration statement and
any of their pledgees, assignees and successors-in-interest may, from time to time, sell any or all
of their shares of common stock on any stock exchange, market or trading facility on which the
shares are traded or in private transactions. These sales may be at fixed or negotiated prices.
The selling shareholders may use any one or more of the following methods when selling shares:

	 	•	 	ordinary brokerage transactions and transactions in which the broker-dealer
solicits purchasers;

	 	•	 	block trades in which the broker-dealer will attempt to sell the shares as
agent but may position and resell a portion of the block as principal to
facilitate the transaction;

	 	•	 	purchases by a broker-dealer as principal and resale by the broker-dealer for
its account;

	 	•	 	an exchange distribution in accordance with the rules of the applicable
exchange;

	 	•	 	privately negotiated transactions;

	 	•	 	settlement of short sales;

	 	•	 	broker-dealers may agree with the selling shareholders to sell a specified
number of such shares at a stipulated price per share;

	 	•	 	a combination of any such methods of sale;

	 	•	 	through the writing or settlement of options or other hedging transactions,
whether through an options exchange or otherwise; or

	 	•	 	any other method permitted pursuant to applicable law.

The selling shareholders may also sell shares under Rule 144 under the Securities Act, if
available, rather than under this prospectus.

Broker-dealers engaged by the selling shareholders may arrange for other brokers-dealers to
participate in sales. Broker-dealers may receive commissions or discounts from the selling
shareholders (or, if any broker-dealer acts as agent for the purchaser of shares, from the
purchaser) in amounts to be negotiated. The selling shareholders do not expect these commissions
and discounts to exceed what is customary in the types of transactions involved.

In connection with the sale of our common stock or interests therein, the selling shareholders
may enter into hedging transactions with broker-dealers or other financial institutions, which may
in turn engage in short sales of the common stock in the course of hedging the positions they
assume. The selling shareholders may also sell shares of our common stock short and deliver these
securities to close out their short positions, or loan or pledge the common stock to broker-dealers
that in turn may sell these securities. The selling shareholders may also enter into option or
other transactions with broker-dealers or other financial institutions or the creation of one or
more derivative securities which require the delivery to such broker-dealer or other financial
institution of shares offered by this prospectus, which shares such broker-dealer or other
financial institution may resell pursuant to this prospectus (as supplemented or amended to reflect
such transaction).

The selling shareholders and any broker-dealers or agents that are involved in selling the
shares may be deemed to be “underwriters” within the meaning of the Securities Act in connection
with such sales. In such event, any commissions received by such broker-dealers or agents and any
profit on the resale of the shares purchased by them may be deemed to be underwriting commissions
or discounts under the Securities Act.

3

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