Document:

EMPLOYMENT AGREEMENT
                            --------------------

THIS EMPLOYMENT AGREEMENT, dated as of June 6, 2000 (this "Agreement"), by
and between the globe.com, inc., a Delaware corporation (the "Company") and
Stephan Paternot (the "Employee").

WHEREAS, pursuant to a Stock Purchase Agreement (the "Stock Purchase
Agreement"), Dancing Bear Investments, Inc., a Florida corporation
("Investor"), purchased from WebGenesis, Inc. ("WebGenesis") 51% of the
fully diluted capital stock of WebGenesis and warrants to purchase 10% of
the fully diluted capital stock of WebGenesis;

WHEREAS, the Employee and WebGenesis, the Company's predecessor, have
entered into an Employment Agreement, dated as of August 13, 1997 (the
"Employment Agreement");

WHEREAS, the Company, the Employee and Todd Krizelman have mutually
determined that the Employee and Todd Krizelman will resign from their
current positions of co-Chief Executive Officers of the Company on the
earlier of such date as the board of directors of the Company (the "Board")
appoints a new Chief Executive Officer (including appointment of an interim
Chief Executive Officer) or July 31, 2000 (the "Transition Date");

WHEREAS, the Employee and the Company desire to enter into a new employment
agreement pursuant to which the Employee will continue to provide services
to the Company and its Subsidiaries (as defined below) and which will
supersede the Employment Agreement;

WHEREAS, the Employee possesses an intimate knowledge of the business and
affairs of the Company, and its policies, procedures, methods and
personnel; and

WHEREAS, the Company has determined that it is in its best interest to
secure the continued services of the Employee on behalf of the Company in
accordance with the terms of this Agreement and the Employee is willing to
render such services on the terms and conditions set forth herein;

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

1.   Services Term.
     -------------

Subject to the terms and provisions of this Agreement, the Company hereby
agrees to retain the services of the Employee, and the Employee hereby
agrees to provide services to the Company, for the period commencing on the
date hereof and ending on August 12, 2002 or such earlier date as provided
in Section 6 hereof (the "Services Term"). Such services shall be performed
at the principal place of business of the Company, or at such other
locations as shall reasonably be determined from time to time by the Board.

2.   Duties.
     ------

Until the Transition Date, the Employee shall continue to serve as co-Chief
Executive Officer of the Company on a full-time basis and exclusively for
the Company, and in such other positions as may be agreed upon between the
Employee and the Board. Until the Transition Date, the Employee shall
perform such duties as may be assigned to him by the Board or its designee.
From and after the Transition Date during the Services Term, the Employee
shall perform such services for the Company and its Subsidiaries as may be
reasonably assigned by and under the direction and control of the Board or
the Company's Chief Executive Officer (the "CEO"); it being understood that
the Employee will not accept other full-time employment, will make
available, on a first priority basis, no less than one quarter of his
business time to the performance of services hereunder, and will make
himself available, at all times requested by the Board or the CEO, to make
appearances on behalf of the Company, including, but not limited to, road
shows, public appearances, interviews, etc., subject to reasonable prior
notice from the Company and, with respect to such priority, the Employee's
then-existing reasonable prior professional commitments. The Company shall
provide to the Employee such office space and other administrative support
as may be determined from time to time in the sole discretion of the CEO.

On the Transition Date, the Employee shall formally resign from his
position as an officer of the Company and each of its Subsidiaries. During
the Services Term, the Company shall include the Employee on its slate of
directors recommended for election by the Company's stockholders. If
elected, the Employee shall serve as a director. At such times as the
Employee and Todd Krizelman are both serving on the Board, the Chairman of
the Board will recommend that the Employee and Todd Krizelman serve as
Vice-Chairmen of the Board commencing with the first meeting of the Board
following the date hereof. In the event that Employee and Todd Krizelman
are not appointed Vice Chairmen of the Board, the Employee, Todd Krizelman
and appropriate officers and directors of the Company will promptly meet to
determine a mutually agreeable alternative title for each of the Employee
and Todd Krizelman. As a Vice Chairman of the Board, the Employee shall not
be, nor be deemed to be, an officer of the Company. This paragraph does not
in any way limit the Company's ability, in its sole discretion, to amend
its governing instruments regarding the duties of Vice-Chairman.

The Employee will not, without the prior written approval of the
disinterested members of the Board, engage in any other corporate, civic or
charitable activity which would interfere with the performance of his
duties on behalf of the Company, is in violation of policies established in
good faith from time to time by the Board, is in violation of applicable
law, or would create a conflict of interest with respect to the Employee's
obligations to the Company, as determined by the disinterested members of
the Board.

During the period that the Employee is performing services for the Company
pursuant to this Agreement, other than pursuant to the terms hereof or in
accordance with stock option grants approved by the Board in its sole
discretion, the Employee shall not receive any form of compensation
(including, but not limited to, sales commissions) from the Company or any
Subsidiary of the Company in his capacity as a director, officer, employee,
manager or executive of the Company or any of its Subsidiaries. As used
herein, "Subsidiary" when used with respect to any person means any
corporation or organization, whether incorporated or unincorporated, of
which such person owns or controls at least a majority of the securities or
other interests having by their terms ordinary voting power to elect a
majority of the board of directors or others performing similar functions
with respect to such corporation or other organization, or any organization
of which such person is a general partner.

3.   Compensation.
     ------------

In consideration of the performance by the Employee of his obligations
hereunder (including any services as an officer, director, executive,
employee or member of any committee of the Company or any Subsidiary, or
otherwise), the Company shall compensate the Employee as follows:

(a)  A base salary (the "Base Compensation"), at an annual rate of
     $165,312.50 until August 12, 2000 and $190,000 thereafter during the
     Services Term, payable in accordance with the normal payroll practices
     of the Company then in effect; and

(b)  Eligibility to receive an annual cash bonus in the sole discretion of
     the Board.

The Employee shall be solely responsible for taxes imposed on the Employee
by reason of any compensation and benefits provided under this Agreement
(except those taxes normally borne by the Company) and all such
compensation and benefits shall be subject to applicable withholding taxes.
The parties recognize that the Employee will continue to be an "employee"
of the Company during the Services Term and the Company shall report
payments hereunder and withhold taxes in accordance therewith.

4.   Disabili1y.
     ----------

If the Employee is unable, as reasonably determined by the Board, to
substantially perform his duties hereunder by reason of a physical or
mental infirmity for a total of 30 calendar days in any twelve-month period
during the Services Term ("Disability"), the Company shall be entitled to
terminate the Employee's services hereunder in accordance with Section 6.

5.   Benefits and Stock Omions.
     -------------------------

In addition to the payments described in Section 3 of this Agreement,
during the period that the Employee is providing services to the Company
pursuant to this Agreement, the Employee shall be entitled to participate
in all health plans provided by the Company to its most senior executives
from time to time, to the extent the Employee meets the eligibility
requirements for any such plan or benefit; provided, however, that the
Company's obligation with respect to the foregoing benefits shall be
reduced to the extent the Employee or his beneficiaries obtains any such
benefits pursuant to another employer's or similar entity's benefit plans.

Employee shall be eligible in the sole discretion of the Board to
participate in the stock option plans of the Company in which the senior
executives of the Company are entitled to participate.

6.   Termination.
     -----------

(a) The performance of services by the Employee for the Company pursuant to
this Agreement and the Services Term shall terminate upon the earliest to
occur of any of the events specified in subparagraphs (i) through (iv)
below:

     (i)    August 12, 2002;

     (ii)   the date of the Employee's death;

     (iii)  the Termination Date (as defined below) specified in the Notice
            of Termination (as defined below) which the Company shall have
            delivered to the Employee due to the Employee's Disability;

     (iv)   the Termination Date specified in the Notice of Termination
            which the Company shall have delivered to the Employee to
            terminate the Employee's services with or without Cause. The
            term "Cause" as used herein shall mean that the Employee: (A)
            has been convicted of an act which is defined as a felony under
            federal or state law; (B) committed one or more acts of willful
            misappropriation from the Company; (C) willfully failed to
            perform his duties on behalf of the Company and such failure to
            perform adversely affects the Company or performed such duties
            and obligations in a grossly negligent manner; (D) is the
            subject of any order, judgment, or decree of any court or
            regulatory authority of competent jurisdiction which is final
            and non-appealable, permanently or temporarily enjoining him
            from, or otherwise limiting his engaging in any activity in
            connection with the purchase or sale of any security or
            commodity or in connection with any violation of federal or
            state securities laws or federal commodities law; or (E) is
            found by a court of competent jurisdiction in a civil action or
            by the Securities and Exchange Commission (the "SEC") to have
            violated any federal or state securities law, and the judgment
            in such civil action or finding by the SEC has not been
            subsequently reversed, suspended, or vacated during the
            Services Term;

(b) Any purported termination of the Employee by the Company (other than by
reason of Employee's death) shall be communicated by written Notice of
Termination to the Employee. As used herein, the term "Notice of
Termination" shall mean a notice which indicates the specific termination
provision in this Agreement relied upon and sets forth in reasonable detail
the facts and circumstances claimed to provide a basis for termination of
the Employee under the provision so indicated. In the event the Employee
fails to perform services in accordance with this Agreement or is removed
for Cause, the Employee shall, at the Company's option, continue to be
available to the Company for a period of one month following departure, for
up to ten hours per week, at reasonable and customary hourly rates to
assist in any necessary transition. As used herein, the term "Termination
Date" shall mean the earlier of (i) August 12, 2002 in the case of a
termination pursuant to Section 6(a)(i), (ii) the date of the Employee's
death in the case of a termination pursuant to Section 6(a)(ii), (iii) the
date specified in the Notice of Termination for termination of the
Employee's services in the case of a termination pursuant to Section
6(a)(iii) or 6(a)(iv), and (iv) the date of termination of Employee'
services in the case of a termination under Section 6(c).

The Employee shall be entitled to a hearing related to any such termination
by the Company described in Section 6(a)(iii) or 6(a)(iv) above before the
Board or a committee thereof established for such purpose and to be
accompanied by his counsel at such hearing. Such hearing will be held
within 30 days of notice to the Board by the Employee provided he requests
such hearing within 30 days of the Notice of Termination.

(c) In the event that more than 50% of the then issued and outstanding
equity securities or more than 50% of the voting rights of the Company is
acquired by someone other than Michael Egan and his Controlled Entities and
Family Transferees (each as defined in the Stockholders Agreement, dated as
of the date hereof, among WebGenesis, Michael Egan, Investor and certain
stockholders of the Company) (other than in connection with a public
offering) or in the event this Agreement is assigned by the Company in
connection with a sale of the Company's assets (a "Change of Control"), the
Company and the Employee may each terminate the Services Term by delivering
to the Company or to the Employee, as applicable, a notice within 30 days
before or after a Change of Control; provided that in the event the
Employee provides such notice, at the Company's option, the Employee's
services hereunder (other than as a director, which shall terminate
immediately upon the date of the Change of Control) shall continue until
the earlier of the first anniversary of the Change of Control and the date
of termination pursuant to any other provision of this Section 6.

(d) This Agreement shall automatically terminate upon the dissolution,
winding-up or liquidation of the Company.

7.   Termination Payments.
     --------------------

(a) If the Employee's performance of services for the Company is terminated
(i) by the Company for Cause, (ii) by the Employee or (iii) upon the
dissolution of the Company, the Company will pay the Employee (i) any
accrued and unpaid Base Compensation as of the Termination Date and (ii) an
amount to reimburse the Employee for any and all monies advanced or
expenses incurred in connection with the Employee's performance of services
for reasonable and necessary expenses incurred by the Employee on behalf of
the Company prior to the Termination Date. The Employee's entitlement to
other benefits shall be delivered in accordance with the Company's benefit
plans then in effect.

(b) If the Employee's performance of services for the Company is terminated
by reason of the Employee's death or Disability, the Company's sole
obligation under this Agreement shall be to pay or provide the Employee or
his estate the payments required by Section 7(a) hereof.

(c) If the Employee's performance of services for the Company is terminated
without Cause (including, without limitation, pursuant to Section 6(c)),
all stock options held by the Employee that have not vested shall
automatically vest and the Company shall, for so long as the Employee has
not breached any of his obligations under Section 8, (i) pay or provide the
Employee the payments required by Section 7(a) hereof, (ii) continue to pay
the Employee the Base Compensation for the remainder of the Services Term,
(iii) provide to the Employee and his beneficiaries for the remainder of
the Services Term, employee health benefits substantially similar in the
aggregate to those provided to the other most senior executives of the
Company; provided, however, that the Company's obligation with respect to
the foregoing benefits shall be reduced to the extent the Employee or his
beneficiaries obtains any such benefits pursuant to another employer's or
similar entity's benefit plans and (iv) provide for an expiration date of
August 12, 2002 for all stock options held by the Employee.

8.   Employee Covenants.
     ------------------

(a) Unauthorized Disclosure. The Employee agrees and understands that in
the Employee's position with the Company, the Employee has been and will be
exposed to and receive information relating to the confidential affairs of
Investor, the Company, their Subsidiaries and/or Affiliates (as defined
below), including but not limited to technical information, intellectual
property, business and marketing plans, strategies, customer information,
other information concerning the products, promotions, development,
financing, expansion plans, business policies and practices of Investor,
the Company, their Subsidiaries and/or Affiliates and other forms of
information considered by Investor or the Company to be confidential or in
the nature of trade secrets (collectively, the "Confidential Information").
Confidential Information shall not include information which is (a) now, or
hereafter becomes, through no act or failure to act on the part of Employee
(except those performed in the ordinary course of the Company's business),
generally known or available to the public, (b) rightfully received by the
Employee from a third party without confidentiality restrictions, and (c)
is independently developed by the Employee without reference to the
Confidential Information. The Employee agrees that during the Services Term
and thereafter, the Employee will keep the Confidential Information
confidential and not disclose such information, either directly or
indirectly, except in the ordinary course of performance of the Company's
business, to any third person or entity without the prior written consent
of the Chairman of the Board or the Board, unless required to do so by law
or court order. This confidentiality covenant has no temporal, geographical
or territorial restriction. Upon termination of this Agreement, the
Employee will promptly surrender to the Company all property, keys, notes,
memoranda, writings, lists, files, reports, customer lists, correspondence,
tapes, disks, cards, surveys, maps, logs, machines, technical data or any
other tangible product or document which has been produced by, received by
or otherwise submitted to the Employee after the date on which he first
performed services for the Company and is still in the Employee's
possession or control. As used herein, "Affiliate" means, with respect to
any person, any person directly or indirectly controlling, controlled by,
or under common control with such person.

For a period of 6 months following the end of the Employee's performance of
services for the Company, the Company will redirect all personal email
received at stephan@webgenesis.com or stephan@corp.theglobe.com to an email
address specified by the Employee.

(b) Non-competition. By and in consideration of Investor's and the
Company's entering into the Stock Purchase Agreement and the transactions
contemplated thereby, the Company's entering into the Employment Agreement
and this Agreement, and the Employee's exposure to the Confidential
Information, until the earlier of (i) August 12, 2002, or (ii) subject to
the second proviso below, the date the Employee's services are terminated
by the Employee, or (iii) if the Employee's services are terminated by the
Company without Cause, the first anniversary of such termination, the
Employee will not own, manage, operate, join, control, be employed by, or
participate in the ownership, management, operation or control of, or hold
the position of shareholder, director, officer, consultant, employee,
independent contractor, executive, partner, investor or advisor (whether or
not formally appointed) of, any enterprise that engages in any activity
that the Company or any of its Subsidiaries is engaged in, or proposes to
be engaged in, and of which the Employee has knowledge; provided that in no
event shall ownership of less than 1% of the outstanding equity securities
of any issuer whose securities are registered under the 1934 Act, standing
alone, be prohibited by this Section 8(b); and provided, further, that the
Employee shall be bound by the provisions of this Section 8(b) for up to a
period of twelve months following termination of his services by the
Employee for so long as the Board determines in its sole discretion to
continue to pay the Employee the Base Compensation.

(c) Non-solicitation. Until the earlier of the first anniversary of the
Employee's termination or August 12, 2002, the Employee shall not interfere
with or harm, or intentionally attempt to interfere with or harm, the
relationship of the Company, its Subsidiaries and/or Affiliates with, or
endeavor to entice away from the Company, its Subsidiaries and/or
Affiliates, any person who is an employee, customer or supplier of the
Company, its Subsidiaries and/or Affiliates.

(d) Remedies. The Employee agrees that any breach of the terms of this
Section 8 would result in irreparable injury and damage to Investor and the
Company for which Investor and the Company would have no adequate remedy at
law; the Employee therefore also agrees that, in the event of said breach
or any threat of breach, Investor and the Company shall be entitled to an
immediate injunction and restraining order to prevent such breach and/or
threatened breach and/or continued breach by the Employee and/or any and
all persons and/or entities acting for and/or with the Employee, without
having to prove damages, and to all costs and expenses, including
reasonable attorneys' fees and costs (provided, that such fees and expenses
shall be awardable only in the event of an adjudication that there was a
breach or a legitimate threat of breach), in addition to any other remedies
to which Investor or the Company may be entitled at law or in equity. The
terms of this paragraph shall not prevent Investor or the Company from
pursuing any other available remedies for any breach or threatened breach
hereof, including but not limited to the recovery of damages from the
Employee. The Employee, Investor and the Company further agree that the
provisions of the covenant not to compete are reasonable. The Employee
hereby acknowledges that due to the global aspects of the Company's
business and competitors it would not be appropriate to include any
geographic limitation on this Section 8. Should a court or arbitrator
determine, however, that any provision of the covenant not to compete is
unreasonable, either in period of time, geographical area, or otherwise,
the parties hereto agree that the covenant should be interpreted and
enforced to the maximum extent which such court or arbitrator deems
reasonable.

The provisions of this Section 8 shall survive any termination of this
Agreement and the Services Term, and the existence of any claim or cause of
action by the Employee against either Investor or the Company, whether
predicated on this Agreement or otherwise, shall not constitute a defense
to the enforcement by either Investor or the Company of the covenants and
agreements of this Section 8.

9.   Intellectual Property.
     ---------------------

The Employee agrees that all Intellectual Property (as hereinafter defined)
which is or was at any time made or conceived by the Employee or the
Company, acting alone or in conjunction with others after the date on which
he was first retained to perform services for the Company, is and shall be
the property of the Company since its inception and which was used by the
Company since its inception, free of any reserved or other rights of any
kind on the Employee's part and the Employee hereby assigns to the Company
all of his right, title and interest in and to any such Intellectual
Property. During the Services Term and thereafter, the Employee shall
promptly make full disclosure of any such Intellectual Property to the
Company and do all reasonable acts and things (including, among others, the
execution and delivery under oath of patent and copyright applications and
instruments of assignment) deemed by the Company to be necessary or
desirable at any time in order to effect the full assignment to the Company
of the Employee's right and title, if any, to such Intellectual Property
and to protect the Company's interests in such Intellectual Property. For
purposes of this Agreement, "Intellectual Property" means any discovery,
development, program, concept, idea, process or improvement, whether or not
patentable, patent, patent application, copyright, copyright registration,
license, trademark or trade name, service mark or service name, trade
secret or other intellectual property rights, in each case, made during the
term of services (including employment prior to execution of this
Agreement) relating in any respect to the present or planned future
activities, business, products or services of the Company, its Subsidiaries
and/or Affiliates.

10.  Insurance.
     ---------

The Company reserves the right to obtain and maintain key man life
insurance policies with respect to the Employee naming the Company as the
primary beneficiary thereunder ("Key Man Life Insurance Policies") at the
expense of the Company. The Employee shall use his best efforts to
cooperate with the Company and any insurance company approached by the
Company with respect to the obtaining and the maintenance of Key Man Life
Insurance Policies.

When commercially reasonable, the Company shall obtain and maintain
liability insurance to cover the Employee's performance in accordance with
this Agreement comparable to that provided to employees and directors
performing similar services for the Company.

11.  Non-Waiver of Riahts.
     --------------------

The failure to enforce at any time the provisions of this Agreement or to
require at any time performance by the other parties of any of the
provisions hereof shall in no way be construed to be a waiver of such
provisions or to affect either the validity of this Agreement or any part
hereof, or the right of any party to enforce each and every provision in
accordance with its terms.

12.  Amendment and Waiver.
     --------------------

No modification, amendment or waiver of any provision of this Agreement
shall be effective against any party hereto unless such modification,
amendment or waiver is approved in writing by all of the parties hereto.

13.  Severability.
     ------------

Whenever possible, each provision of this Agreement shall be interpreted in
such manner as to be effective and valid under applicable law, but if any
provision of this Agreement is held to be invalid, illegal or unenforceable
in any respect under any applicable law or rule in any jurisdiction, such
invalidity, illegality or unenforceability shall not affect any other
provision or any other jurisdiction, but this Agreement shall be reformed,
construed and enforced in such jurisdiction as if such invalid, illegal or
unenforceable provision had never been contained herein.

14.  Entire Agreement.
     ----------------

This Agreement embodies the complete agreement and understanding among the
parties hereto with respect to the subject matter hereof and supersedes and
preempts any prior understandings, agreements or representations by or
among the parties, written or oral, which may have related to the subject
matter hereof in any way, including, without limitation, the Employment
Agreement. Notwithstanding the foregoing, the Proprietary Information and
Invention Agreement between the Company and the Employee (the "Information
Agreement") and the Stockholders' Agreement by and among Dancing Bear
Investments, Inc., Michael Egan, the Employee, Todd Krizelman, Edward A.
Cespedes and Rosalie V. Arthur (the "Stockholders' Agreement") shall each
continue in accordance with its terms, provided that to the extent of any
conflict between the terms of either the Information Agreement or the
Stockholders' Agreement and this Agreement, the terms of this Agreement
shall control.

15.  Successors and Assigns; Assignment, Third Party Beneficiary.
     -----------------------------------------------------------

This Agreement shall bind and inure to the benefit of, and be enforceable
by, the parties hereto and their respective successors (including, without
limitation, by way of merger), assigns, heirs and personal representatives.
Notwithstanding the provisions of the immediately preceding sentence, the
Employee shall not delegate any duty under this Agreement without the prior
written consent of the Board. This Agreement is not intended to be for the
benefit of any person not a party hereto except that the Investor shall be
deemed a third party beneficiary of Section 8 hereof and shall be entitled
to enforce the provisions of Section 8 as if a party hereto and the parties
hereto may not amend Section 8 in any manner adverse to the Investor
without the Investor's prior written consent.

16.  Notice.
     ------

Any notice provided for in this Agreement shall be in writing and shall be
either personally delivered, sent by facsimile transmission or sent by
first class mail or sent by reputable commercial overnight delivery service
(charges prepaid) to the address set forth below, or at such address or to
the attention of such other person as the recipient party has specified by
prior written notice to the sending party. Notices will be deemed to have
been given hereunder when delivered personally, on the date of facsimile
transmission with confirmed answer back, two business days after deposit
with a reputable overnight commercial delivery service or on the date of
actual receipt if given by any other method of delivery.

         To the Company:            the globe.com, inc.
                                    120 Broadway, 22nd Floor
                                    New York, NY 10271
                                    Attn: General Counsel
                                    Telephone: (212) 894-3636
                                    Facsimile: (212) 962-6095

         With a copy to:            Dancing Bear Investments, Inc.
                                    333 E. Las Olas Blvd.
                                    Ft. Lauderdale, FL 33301
                                    Attention: Michael Egan
                                    with a separate copy to the
                                    attention of Rosalie Arthur
                                    Telephone: (954) 769-5944
                                    Facsimile: (954) 769-5930

         With a copy to:            Tripp, Scott, Conklin & Smith
                                    The 110 Tower, 15th Floor
                                    110 S.E. 6th Street
                                    Ft. Lauderdale, FL 33301
                                    Attention: Dennis Smith
                                    Telephone: (954) 760-4920
                                    Facsimile: (954) 761-8475

         With a copy to:            Fried, Frank, Harris, Shriver and Jacobson
                                    One New York Plaza
                                    New York, New York 10004
                                    Attention: Valerie Jacob, Esq.
                                    Telephone: (212) 859-8158
                                    Facsimile: (212) 859-8589

         To the Employee:           114 East 13th Street, Apt. 6A
                                    New York, NY 10003
                                    Telephone: (212) 228-1473

         With a copy to:            Kay Collyer & Boose LLP
                                    One Dag Harnmarskjold Plaza, 31st Floor
                                    New York, New York 10017
                                    Attention: M. Graham Coleman, Esq.
                                    Telephone: (212) 940-8376
                                    Facsimile: (212) 755-0921

17.  Descriptive Headings.
     --------------------

The descriptive headings of the several sections and paragraphs of this
Agreement are inserted for reference only and shall not limit or otherwise
affect the meaning hereof.

18.  Governing Law.
     -------------

This Agreement shall be governed by and construed in accordance with the
laws of the State of New York without giving effect to the principles of
conflicts of laws.

19.  Counterparts.
     ------------

This Agreement may be executed in two counterparts, all of which together
shall be considered one and the same agreement, and shall become effective
when one or more of the counterparts have been signed by each party and
delivered to the other parties, it being understood that all parties need
not sign the same counterpart.

IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by
authority of its Board of Directors, and the Employee has hereunto set his
hand, the day and year first above written.

                                       the globe.com, inc.

                                       By: /s/ Michael S. Egan
                                          --------------------------------
                                       Name: Michael S. Egan
                                          --------------------------------
                                       Title: Chairman
                                          --------------------------------

                                          /s/ Stephan Paternot
                                          --------------------------------
                                          Stephan PaternotTHEGLOBE.COM
                                ------------
                       CONSULTING SERVICES AGREEMENT
                       -----------------------------

     THIS CONSULTING SERVICES AGREEMENT ("Agreement") dated as of April 17,
2000 ("Effective Date") is entered into by and between theglobe.com,  inc.,
a  Delaware   corporation   ("theglobe.com"),   and  Edward  Cespedes  (the
"Consultant').

1.  Engagement  of  Services.  Consultant  agrees to perform the  following
services for  theglobe.com at such time and in such manner as is reasonably
acceptable  to  the  parties  hereto:   (a)  provide  strategic  advice  to
theglobe.com's   senior  management  team,  including  advice  relating  to
corporate development as well as advice relating to strategic  alternatives
for  theglobe.com,  (b)  attend the  meetings  of  theglobe.com's  Board of
Directors,  and  (c)  such  other  services  as are  determined  by  mutual
agreement.  Such services may be performed through  telephonic  conference.
theglobe.com  selected  Consultant  to perform  these  services  based upon
theglobe.com   receiving   Consultant's   personal  service  and  therefore
Consultant  may  not   subcontract  or  otherwise   delegate   Consultant's
obligations  under this  Agreement  without  theglobe.com's  prior  written
consent.

2.  Compensation.  As full  consideration  for  the  services  rendered  by
Consultant pursuant to this Agreement, as soon as practicable following the
Effective  Date,  theglobe.com  will pay Consultant a  consultant's  fee of
$16,666.67 per month  (pro-rata  amount for partial months) during the Term
(as defined below). In addition, on the Effective Date,  theglobe.com shall
grant  Consultant  a stock option to purchase  20,000  shares of the common
stock of theglobe.com, par value $0.0l per share, subject to such terms and
conditions as set forth in the Nonqualified Stock Option Agreement attached
hereto as Exhibit A. Consultant will be reimbursed for reasonable  expenses
incurred  in  connection  with  the  performance  of  services  under  this
Agreement,   upon  theglobe.com's   receipt  of  invoices  evidencing  such
expenses.

3.  Independent  Consultant   Relationship.   Consultant  and  theglobe.com
understand,  acknowledge  and agree  that  Consultant's  relationship  with
theglobe.com will be that of an independent  contractor and nothing in this
Agreement is intended to or should be  construed  to create a  partnership,
joint venture, or employment relationship.

     4.   Intellectual Property Rights; Indemnification.
          ---------------------------------------------

          4.1. Ownership of Work Product.
               -------------------------

               (a) theglobe.com shall own all right, title, and interest in
and to the results of Consultant's  services hereunder and each element and
part thereof and other  tangible  embodiments  resulting from such services
(collectively,  "Work Products).  With respect to any and all copyrightable
works and/or materials comprising the Work Product, Consultant acknowledges
that  all such  Work  Product  is  specially  ordered  or  commissioned  by
theglobe.com for use as a contribution to an audiovisual work such shall be
considered  "works made for hire" for  theglobe.com  as author  thereof (as
defined in the United States Copyright Act of 1976, as amended). Consultant
further agrees and acknowledges  that  theglobe.com is the entity for which
the Work  Product is and will be prepared  and that  theglobe.com  shall be
considered the author  therefor the purposes of copyright and shall own all
rights  comprised  in  and to  the  copyrights  thereof  and  renewals  and
extensions  of such  copyrights.  Consultant  hereby  irrevocably  assigns,
conveys,  and  otherwise  transfers  to  theglobe.com,  and its  respective
successors and assigns,  all rights,  title, and interests worldwide in and
to the Work Product and all propriety  rights therein.  including,  without
limitation,  all  copyrights,  trademarks,  design  patents,  trade  secret
rights, moral rights, and all contract and licensing rights, and all claims
and causes of action of any kind with respect to the foregoing, whether now
known or hereafter to become known. In the event  Consultant has any rights
in and to the  Work  Product  that  cannot  be  assigned  to  theglobe.com,
Consultant hereby unconditionally and irrevocably waives the enforcement of
all such  rights,  and all  claims  and  causes  of action of any kind with
respect to any of the foregoing  against  theglobe.com,  its  distributors,
licensees,  successors,  and  customers,  whether now known or hereafter to
become known, and agrees at the request and expense of theglobe.com and its
respective  successors  and assigns to consent to and join in any action to
enforce such rights.  In the event  Consultant has any rights in and to the
Work Product that are for any reason not deemed to be "works made for hire"
and/or  that  Consultant  has any  rights in and to the Work  Product  that
cannot be assigned to theglobe.com and cannot be waived,  Consultant hereby
grants to  theglobe.com,  and its  respective  successors  and assigns,  an
exclusive, worldwide, royalty-free license during the term of the rights to
reproduce,  distribute,  modify,  publicly perform,  publicly display,  and
transmit with the right to sublicense  and assign such rights in and to the
Work  Product,  included  without  limitation,  the right to use in any way
whatsoever  the Work  Product in any and all media,  now know or  hereafter
devised.  Consultant  retains no rights to use the Work  Product and agrees
not to challenge the validity of the ownership by  theglobe.com in the Work
Product.

               (b)  Consultant   agrees  to  assist   theglobe.com  in  any
reasonable manner, at theglobe.com sole expense,  to obtain and enforce for
theglobe.com's  benefit  patents,  copyrights,  and other  property  rights
covering the Work Product in any and all countries,  and Consultant  agrees
to execute, when requested,  at theglobe.com's  expense, any and all lawful
documents  deemed  necessary by  theglobe.com to vest fully in theglobe.com
all rights,  title and  interests  in the Work  Product.  In the event that
theglobe.com  is unable for any reason  whatsoever  to secure  Consultant's
signature to any lawful document required to vest fully in theglobe.com all
rights, title, interests in the Work Product, Consultant hereby irrevocably
designates and appoints  theglobe.com and its duly authorized  officers and
agents  as  Consultant's  agents  and  attorneys-in-fact  to act for and in
Consultant's behalf and instead of Consultant, to execute and file any such
documents  and to do all  other  lawfully  permitted  acts to  further  the
prosecution  and issuance of patents,  copyrights  or other rights  thereon
with the same legal  force and effect as if executed  by  Consultant.  Such
power of attorney is irrevocable and coupled with an interest.

     4.2. Further Warranties and Representations. Consultant hereby further
warrants and represents the following:  (1) The Work Product will be wholly
original to Consultant  except to the extent based on material  supplied by
theglobe.com, if any, and (2) Consultant shall not at any time authorize or
willingly  permit any person,  firm or  corporation  to  infringe  upon the
rights granted to theglobe.com hereunder, and authorizes  theglobe.com,  in
Consultant's  name or otherwise,  to institute any proper legal proceedings
to prevent any such infringement.

     4.3.  Indemnification.  theglobe.com  will defend,  indemnify and hold
harmless Consultant with respect to claims, damages, liabilities, costs and
expenses (including reasonable attorneys' fees) arising out of Consultant's
service to theglobe.com to the fullest extent permitted by Delaware General
Corporate Law, consistent with theglobe.com's  By-Laws, as such By-Laws may
be amended from time to time,  assuming that for this  purpose,  Consultant
will  be  deemed  to  be  an  officer  of  theglobe.com;   provided,   that
Consultant's  actual status as not being an officer of  theglobe.com  shall
not reduce or in anyway diminish  theglobe.com's  obligation to provide the
indemnification   contemplated   by  this  Section  4.3.

     4.4. Return of theglobe.com's  Property.  Consultant acknowledges that
theglobe.com's sole and exclusive property includes all documents,  such as
drawings,   manuals,   notebooks,   reports,  sketches,  records,  computer
programs,  employee  lists,  customer  lists and the like in his custody or
possession,  whether  delivered to  Consultant by  theglobe.com  or made by
Consultant in the performance of services under this Agreement, relating to
the business  activities of  theglobe.com or its customers or suppliers and
containing Confidential Information.  Consultant agrees to deliver promptly
all of theglobe.com's property and all copies of theglobe.com's property in
Consultant's  possession to  theglobe.com  at any time upon  theglobe.com's
request.

5.   Term; Termination.
     -----------------

     5.1.  Termination.   Unless  otherwise  terminated  pursuant  to  this
Section,  the term of this  Agreement  shall commence on the Effective Date
and shall  continue  until the  earlier  of (a) the date that  theglobe.com
elects a new Chief Executive Officer;  (b) the date that there is a "Change
of  Control"  (as  defined  below)  of the  Company;  or (c) the six  month
anniversary of the Effective  Date (the "Term").  "Change of Control" means
(x) the sale or disposition of substantially all of theglobe.com's  assets;
or (y) the acquisition by a third party of beneficial ownership (within the
meaning of Rule 13d-3 promulgated under the Securities Act of 1933) of more
than  fifty  percent  (50%) of either  (1) the then  outstanding  shares of
common  stock  of a party;  or (2) the  combined  voting  power of the then
outstanding  voting securities of a party entitled to vote generally in the
election of  directors.  Either party may terminate  this  Agreement at any
time upon fifteen  (15) day's prior  written  notice;  provided,  that,  if
theglobe.com  terminates this Agreement prior to the expiration of the Term
for any reason other than a material breach of this Agreement by Consultant
which has not been cured,  if  curable,  within 15 days  following  written
notice by  theglobe.com  to the  Consulting  setting forth in detail how it
believes the  Agreement  has been  materially  breached,  any stock options
granted in  accordance  with  Section 2 of this  Agreement  that would have
vested on the next monthly anniversary date of the Effective Date following
the effective time of such termination of service shall  automatically vest
and become exercisable in accordance with their terms.

     6. Confidential  Information.  Consultant agrees, during and after the
term of this  Agreement,  to hold in  confidence,  and not to use except as
necessary to perform under this Agreement, any information,  which it knows
or has any  reason  to  know is  considered  confidential  by  theglobe.com
("Confidential Information").  Confidential Information includes, but it is
not limited to, any products and services  developed by or  contemplated to
be developed by theglobe.com,  technical and business  information relating
to   theglobe.com's   inventions,   products  or  services,   research  and
development,  manufacturing and engineering processes,  and future business
plans.  Confidential  Information  may  take  the  form  of  documentation,
drawings,  specifications,  software,  technical or  engineering  data, and
other  forms and may be  communicated  orally,  in writing,  by  electronic
media, by visual observation and by other means.  Consultant agrees to hold
the  Confidential  Information  in  strict  confidence,   and  to  use  the
Confidential Information only to the extent necessary to perform under this
Agreement.  Consultant  further  agrees not to make any  disclosure  of the
Confidential  Information to anyone without the express  written consent of
theglobe.com, except to employees, consultants or agents of theglobe.com to
whom  disclosure is necessary to the  performance of this  Agreement.  Upon
request,  Consultant  shall return all originals and copies  thereof of any
requested Confidential  Information,  which has been fixed, in any tangible
means of expression.  Notwithstanding the foregoing,  information shall not
be  deemed  Confidential  Information  if (a) it has been  published  or is
otherwise readily available to the public without restriction other than by
a  breach  of  this  Agreement;  (b) it has  been  rightfully  received  by
Consultant from a third party without confidentiality  limitations;  (c) it
was known to the Consultant  prior to its first receipt by the  Consultant,
as shown by the files existing at the time of initial disclosure; or (d) it
is  required  to be  disclosed  in  the  context  of  any  tax  filing,  or
administrative  or  judicial  proceeding  or as may  be  required  by  law.
Consultant represents that Consultant's  performance of all of the terms of
this  Agreement  does not and  will not  breach  any  agreement  to keep in
confidence  proprietary  information of a third party,  and Consultant will
not disclose to theglobe.com any proprietary information belonging to third
parties.

7.   General Provisions.
     ------------------

     7.1.  Governing  Law. This Agreement will be governed by and construed
in accordance with the laws of the United States and the State of New York,
without regard to its conflict of laws  principles  for contracts  executed
and to be wholly performed therein.  Both parties submit to jurisdiction in
New York and  further  agree  that any cause of action  arising  under this
Agreement shall be brought in a court in New York, New York.

     7.2. Entire Agreement. This Agreement,  including all Exhibits to this
Agreement, including, without limitation, the option agreement, constitutes
the entire agreement between the parties relating to this subject mater and
supersede   all  prior  or   simultaneous   representations,   discussions,
negotiations,  and agreements, whether written or oral.

     7.3. No Injunction. In the event of a breach by theglobe.com of any of
its obligation under this Agreement, Consultant's rights and remedies shall
be limited to the right to recover  damages,  if any,  in an action at law,
and shall be limited to the right to recover damages,  if any, in an action
at law,  and shall not  include the right to seek or obtain  injunctive  or
other equitable relief,  or the right to rescind this Agreement,  and in no
event shall Consultant have the right to enjoin, restrain or interfere with
the exploitation of the Work Product.

     7.4. Severability;  Waiver. If any provision of this Agreement is held
to be invalid or  unenforceable  for any reason,  the remaining  provisions
will continue in full force without being  impaired or  invalidated  in any
way.  theglobe.com  and Consultant  agree to replace any invalid  provision
with a valid  provision  which  most  closely  approximates  the intent and
economic effect of the invalid  provision.  The waiver by theglobe.com of a
breach of any provision of this Agreement by Consultant will not operate or
be interpreted as a waiver of any other or subsequent breach by Consultant.

     7.5.  Successors  and Assigns.  Neither this  Agreement nor any of the
rights or  obligations  of either party arising under this Agreement may be
assigned or  transferred  without the other parties prior written  consent.
This Agreement will be for the benefit of  theglobe.com's  successors,  and
will be  binding  on  Consultant's  heirs and legal  representatives.

     7.6.  Notices.  All  notices and other  communications  required to be
given under this  Agreement  must be in writing,  mailed by  registered  or
certified mail, postage prepaid and return receipt requested,  or delivered
by band to the party to whom such  notice is to be given.  Any such  notice
will be considered to have been given when received, or if mailed, five (5)
business days after it was mailed, as evidence by the postmark. The mailing
address  for  notice  to  either  party  will be the  address  shown on the
signature page of this Agreement.

     7.7. Survival.  The following  provisions shall survive termination of
this Agreement: Article 4, Section 5.2, Article 6, and Article 7.

         theglobe.com:                          CONSULTANT:

         theglobe.com, inc.                     Edward Cespedes

By:                                             By:
   -------------------------------                 --------------------------
Title:                                          Title:
   -------------------------------                 --------------------------

Address:                                          Address:
120 Broadway, 22nd floor
New York, New York 10271

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