Document:

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                                                                   Exhibit 10.14

                      MANAGEMENT EMPLOYEE OPTION AGREEMENT
                      ------------------------------------

          THIS AGREEMENT made as of the date set out on Appendix A hereto,
between ImagicTV Inc. (the "Company") and the employee of the Company named in
Appendix A (the "Employee")

WHEREAS:

(a)  the Company has established an Employee Share Option Plan (the "Plan")
     under which options to purchase Class  C non-voting common shares of the
     Company are granted to employees in order to incentivize employees to exert
     their best efforts on behalf of the Company; and

(b)  the Company has agreed to permit the Employee to participate in the Plan,
     in accordance with the terms of this Agreement.

          NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration for the
grant of options to the Employee, and the mutual promises made herein, the
parties hereto agree as follows:

1.        Grant of Options
          ----------------
     (a)  The Company hereby grants to the Employee an option (the "Option") to
          purchase such number of Class C non-voting common shares of the
          Company (the "Optioned Shares") as is and according to the terms set
          out in Appendix A, subject to the vesting and other provisions of this
          Agreement. The Employee's right to purchase Optioned Shares shall vest
          in accordance with the schedule set out in Appendix A, and the
          Employee shall be entitled to purchase only those Optioned Shares
          which have vested (the "Vested Optioned Shares").
     (b)  Where the vesting condition for specific Optioned Shares has been
          satisfied, the Employee shall be entitled to purchase such Vested
          Optioned Shares until the date which is the seventh anniversary of the
          date hereof for the price per Vested Optioned Share set out in
          Appendix A hereto. The Employee shall exercise his right to purchase
          such shares by giving written notice (the "Exercise Notice") to the
          Company, accompanied by a certified cheque, bank draft or money order
          for the relevant purchase price. The Employee shall forever cease to
          be entitled to purchase such Vested Optioned Shares if the Exercise
          Notice is not provided to the Company by the seventh anniversary date
          of this Agreement.

2.        Termination of Employment
-----------------------------------

          The terms of the employment agreement between the Employee and the
Company, as amended from time to time (the "Employment Agreement"), regarding
termination shall be deemed to be incorporated by reference into this Agreement.

1.        Sale of the Company
-----------------------------

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          The Employee agrees that if an offer is made to purchase 100% of the
shares of the Company, or to purchase all or substantially all of the assets of
the Company, which offer is accepted by holders of more than 50 % of the then
issued and outstanding voting shares of the Company, the Employee shall be
entitled to exercise all Optioned Shares and shall sell the shares issuable upon
exercise thereof pursuant to such offer or approve the asset sale and not
exercise dissent rights in respect of such sale. The Employee's right to
purchase any Optioned Shares, whether Vested Optioned Shares or any other
Optioned Shares, shall terminate as at the time of closing, after which the
Option will lapse. If, at the time of closing of any transaction requiring the
sale of the Employee's Shares pursuant to this Section 3, the Employee fails to
complete such sale of any shares of the Company then held by the Employee
(including without limitation shares issued upon exercise of the Option), the
relevant purchaser shall have the right, without prejudice to any other right
which it may have, upon payment of the required purchase price payable to the
Employee at the time of such closing to the credit of the Employee in the main
branch of the Company's designated financial institution, to execute and
deliver, on behalf of and in the name of the Employee, such transfers or other
documents that may be necessary to complete the sale transaction and the
Employee does hereby irrevocably constitute and appoint the purchaser as the
true and lawful attorney of the Employee in the name, place and stead of the
Employee, and hereby irrevocably authorizes the purchaser to do all acts and
things and to take all steps and to execute and deliver all forms of transfer
and other documents as are necessary in order to complete such sale in
accordance with its terms.

1.        Income Tax Consequences
---------------------------------

          The Employee acknowledges that the Company has advised him that there
are income tax consequences related to the purchase of Optioned Shares by the
Employee and that the Company has recommended that he obtain independent advice
on the tax consequences of the purchase of such shares.  The Employee hereby
releases and discharges the Company and its affiliates, directors, officers and
agents from any and all responsibility or liability with respect to any tax
consequences to the Employee of his purchase or sale of the shares of the
Company purchased by the Employee under the Plan or otherwise.

1.        Adjustment; Reorganization
------------------------------------
     (a)  In the event of any change in the shares of the Company by reason of
          any stock dividend, recapitalization, merger, amalgamation, stock-
          split, combination or exchange of shares, or of any similar change
          affecting the shares, the number and kind of Optioned Shares shall be
          appropriately adjusted consistent with such change in such manner as
          the board of directors of the Company may deem equitable to prevent
          dilution or enlargement of the rights granted to participants in the
          Plan.
     (b)  If shareholders holding a majority of the issued voting shares of the
          Company agree to exchange their shares of the Company for shares of an
          affiliate of the Company or a new holding company for the Company, or
          if the assets primarily used in the operation of the Company are sold
          to another company, or in the event of a proposed merger, amalgamation
          or arrangement of the Company with one or

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          more other corporations, or the making of a take-over bid for any
          outstanding shares, the Employee agrees that the Company, in its
          discretion, may decide either: (i) that the Option to purchase
          Optioned Shares issuable hereunder be replaced by an option to
          purchase a proportionate number of shares of such other company, and
          thereafter the terms of this Agreement shall apply to such shares of
          the other company; or (ii) to accelerate the vesting of any Optioned
          Shares which have not at that time been vested and require the
          Employee to decide whether to exercise the right to purchase all
          Vested Optioned Shares within 30 days of such acceleration or to
          permanently forfeit such right.

2.        No Right To Employment
--------------------------------

          The Employee acknowledges and agrees that neither the existence of the
Plan nor the grant by the Company of the Option hereunder nor the purchase by
the Employee of the Optioned Shares hereunder shall confer upon the Employee any
right with respect to continuance of employment with the Company, nor shall they
interfere in any way with the right of the Company to terminate the Employee's
employment.

1.        Unanimous Shareholders' Agreement
-------------------------------------------

          The Employee agrees that prior to and as a condition of the exercise
by him or her of any Options granted pursuant to the Plan, the Employee shall
become a party to and be bound by the Unanimous Shareholders' Agreement dated
December 17th, 1999 as amended or superseded from time to time, among all of the
shareholders of the Company and the Company.

1.        Intellectual Property Provisions.
------------------------------------------

          The terms of the Employment Agreement regarding the protection of
proprietary rights of the Company shall be deemed to be incorporated by
reference into this Agreement.

1.        General
          -------
     (a)  This Agreement shall enure to the benefit of and be binding upon the
          respective heirs, executors, administrators, successors and permitted
          assigns of the parties hereto. The Employee may not assign this
          Agreement.
     (b)  This Agreement constitutes the entire agreement between the parties
          hereto with respect to the subject matter hereof and cancels and
          supersedes any prior understandings and agreements between the parties
          hereto with respect thereto. There are no representations, warranties,
          terms, conditions, undertakings or collateral agreements, express,
          implied or statutory, between the parties other than as expressly set
          forth in this Agreement. The provisions of this Agreement shall
          prevail in the event of any conflict between the provisions of this
          Agreement and any other agreement between the Company and the
          Employee.
     (c)  The provisions of the Company's Employee Share Option Plan as amended
          from time to time shall be deemed to be incorporated herein by
          reference. To the extent that there are any conflicts, the terms and
          conditions of this Agreement shall prevail over those of the Employee
          Share Option Plan.

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     (d)  No amendment to this Agreement shall be valid or binding unless set
          forth in writing and duly executed by all of the parties hereto.
     (e)  Any demand, notice or other communication to be given in connection
          with this Agreement shall be given in writing and may be given by
          personal delivery or by registered mail addressed to the recipient as
          follows:

               To the Employee:

                    At the address set out in Appendix A.

               To the Company:

                    ImagicTV Inc.
                    One Brunswick Square
                    14/th/ Floor, P.O. Box 303
                    Saint John, New Brunswick, Canada
                    E2L 3Y2

                    Attention: Marcel LeBrun, President and CEO
                    ---------

          or such other address, as may be designated by written notice by a
          party to the other. Any such notice given by personal delivery shall
          be conclusively deemed to have been given on the day of actual
          delivery thereof and, if given by registered mail, on the fifth
          business day following the deposit thereof in the mail.

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     A.   This Agreement shall be governed by and construed in accordance with
          the laws in force in the Province of New Brunswick, Canada. In this
          Agreement any word importing the masculine gender includes the
          feminine gender.

          IN WITNESS WHEREOF the parties have executed this Agreement as of the
date set out in Appendix A.

SIGNED, SEALED AND DELIVERED in )
the presence of:                )
                                )          Employee (signature)
                                )
Witness                         )          Name (printed)
                                )
                                )

                                           ImagicTV Inc.

                                           By: ____________________
                                           Name:
                                           Title:

                                           By: ____________________<PAGE>

                                                                   Exhibit 10.15

                         SHARE SUBSCRIPTION AGREEMENT

               THIS AGREEMENT made as of the 29/th/ day of September, 2000;

B E T W E E N:

                                    AMERICA ONLINE, INC. (hereinafter referred
                                    to herein as "Purchaser")

                                    - and -

                                    ImagicTV INC. (hereinafter referred to as
                                    the "Issuer")

          WHEREAS the Issuer is authorized to issue an unlimited number of Class
A Voting Shares in the capital of the Issuer;

          AND WHEREAS the Purchaser desires to subscribe for and purchase from
Treasury Class A Voting Shares of the Issuer upon and subject to the terms and
conditions hereinafter set forth;

          NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the
premises and the covenants and agreements herein contained the parties hereto
agree as follows:

                         ARTICLE ONE - INTERPRETATION
                         ----------------------------

1.1       Definitions
          -----------

          In this Agreement, unless something in the subject matter or context
is inconsistent therewith:

(a)       "Agreement" means this agreement and all amendments made hereto by
written agreement between the Issuer and the Purchaser.

     (a)  "Balance Sheet" means the balance sheet of the Issuer as at the
Balance Sheet Date.

(c)       "Balance Sheet Date" means February 29, 2000.

(d)       "Business Day" means a day other than a Saturday, Sunday or statutory
holiday in the Province of New Brunswick or the Commonwealth of Virginia.
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(e)  "Common Shares" means the Class A Voting shares, Class B Non-Voting shares
and Class C Non-Voting shares in the capital of the Issuer.

(f)  "Financial Statements" has the meaning set out in Section 3.1(h).

(g)  "Intellectual Property" means all intellectual property of the Issuer
existing as of the Time of Closing and used or currently being developed for use
by the Issuer and all rights of the Issuer therein, worldwide, whether
registered or unregistered, including without limitation:

     (i)   Copyrights - all copyrights used by or currently being developed for
     use by the Issuer, including without limitation, all copyrights in and to
     the computer software programs listed in Schedule I, including the Software
     and all applications and registrations of such copyrights;

     (ii)  Trade-marks - all trade-marks, trade-names, service marks, brand
     names, logos or the like applied or used by or currently being developed
     for use by the Issuer, whether used or applied in association with wares or
     services, including without limitation, those trade-marks listed in
     Schedule I and all applications, registrations, renewals, modifications and
     extensions of such trade-marks;

     (iii) Patents - all patents, patent applications and other patent rights,
     if any, including divisional and continuation patents of the Issuer;

     (iv) Technology -all technology created, developed or acquired by the
     Issuer whether or not patented or patentable and whether or not fixed in
     any medium whatsoever, including without limitation, all inventions, know
     how, techniques, processes, procedures, methods, trade secrets, research
     and technical data, records, formulae, designs, sketches, patterns,
     specifications, blue prints, flow charts or sheets, equipment and parts
     lists and descriptions, samples, reports, studies, findings, algorithms,
     instructions, guides, manuals, and plans for new or revised products and/or
     services; and

           (i)  Licenses - all licenses, sub-licenses and franchises used or
                exploited by the Issuer in which the Issuer is a licensee or a
                licensor of intellectual property of a nature described in
                paragraphs (i) - (iv) above.

(b)  "Operating Agreement" means the Operating Agreement dated December 17, 1999
     made among the Issuer and all of its voting shareholders.

(i)  "Purchased Common Shares" has the meaning given to such term in Section 2.1
hereof.

(j)  "Software" means the computer programs known by the names as set out in
Schedule I, including all versions thereof, and all related documentation,
manuals, source code and object code, program files, data files, computer
related data, field and data definitions and relationships, data definition
specifications, data models, program and
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system logic, interfaces, program modules, routines, sub-routines, algorithms,
program architecture, design concepts, system designs, program structure,
sequence and organization, screen displays and report layouts, and all other
material related to the said computer programs, all as they exist at the Time of
Closing.

(k)   "Subsidiary" has the meaning given to such term in the Canada Business
Corporations Act.

(l)   "Time of Closing" means 10:00 a.m. on September 29, 2000.

(m)   "USA" means the unanimous shareholders' agreement dated December 17, 1999
among the Issuer and all of its shareholders.

1.2   Headings
      --------

The division of this Agreement into Articles and Sections and the insertion of
headings are for convenience of reference only and shall not affect the
construction or interpretation of this Agreement. The terms "this Agreement",
"hereof", "hereunder" and similar expressions refer to this Agreement and not to
any particular Article, Section or other portion hereof and include any
agreement supplemental hereto. Unless something in the subject matter or context
is inconsistent therewith, references herein to Articles and Sections are to
Articles and Sections of this Agreement.

1.3   Extended Meanings
      -----------------

In this Agreement words importing the singular number only shall include the
plural and vice versa, words importing the masculine gender shall include the
feminine and neuter genders and vice versa and words importing persons shall
include individuals, partnerships, associations, trusts, unincorporated
organizations and corporations.

1.4   Accounting Principles
      ---------------------

Wherever in this Agreement reference is made to a calculation to be made in
accordance with generally accepted accounting principles, such reference shall
be deemed to be to the generally accepted accounting principles from time to
time approved by the Canadian Institute of Chartered Accountants, or any
successor institute, applicable as at the date on which such calculation is made
or required to be made in accordance with generally accepted accounting
principles.

1.5   Currency
      --------
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All references to currency herein are to lawful money of the United States of
America, unless otherwise indicated..

1.6   Schedules
      ---------

The following are the Schedules annexed hereto and incorporated by reference and
deemed to be part hereof:

                  Schedule A -  Exceptions to Representations and Warranties
                  Schedule B -  Rights, Privileges, Restrictions and Conditions
                                attached to the Common Shares;
                  Schedule C -  Outstanding Shares and Options;
                  Schedule D -  Intentionally Deleted;
                  Schedule E -  Licenses and all other material agreements;
                  Schedule F -  Intentionally Deleted;
                  Schedule G -  Employee Indebtedness;
                  Schedule H -  Third Party Programs;
                  Schedule I -  Intellectual Property and Software;
                  Schedule J -  Intentionally Deleted;
                  Schedule K -  Intentionally Deleted;
                  Schedule L -  USA;
                  Schedule M -  Operating Agreement

                   ARTICLE TWO - SUBSCRIPTION AND ACCEPTANCE
                   -----------------------------------------

2.    Subscription and Acceptance
      ---------------------------

2.1   The Purchaser hereby irrevocably subscribes for 234,375 Class A Voting
Shares in the capital of the Issuer (together, the "Purchased Common Shares") at
the aggregate purchase price of $3,000,000.00. The Purchaser tenders herewith a
certified cheque or a wire transfer for the purchase price amount in full
payment for its Purchased Common Shares.

2.2   The Issuer hereby accepts the subscription for the Purchased Common Shares
by the Purchaser in Section 2.1 above and acknowledges having received payment
in full of the purchase price for the Purchased Common Shares.

                ARTICLE THREE - REPRESENTATIONS AND WARRANTIES
                ----------------------------------------------
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3.1   Issuer's Representations and Warranties
      ---------------------------------------

The Issuer represents and warrants to the Purchaser, subject to those matters
specifically excluded pursuant to Schedule A attached hereto, that as at the
Time of Closing:

         (a)   the Issuer is a corporation duly incorporated, organized and
               subsisting under the Canada Business Corporations Act, has the
               corporate power to own its assets and to carry on its business
               and has made all necessary filings under all applicable
               corporate, securities and taxation laws or any other laws to
               which it is subject and is a private company as that term is
               defined under applicable securities legislation;

         (b)   the authorized capital of the Issuer consists of an unlimited
               number of Class A Voting Shares, of which 12,900,962 have been
               validly issued and are outstanding as fully paid and non-
               assessable, an unlimited number of Class B Non-Voting Shares, of
               which 1,500,000 have been issued and are outstanding as fully
               paid and non-assessable and an unlimited number of Class C Non-
               Voting Shares, of which 689,383 have been issued and are
               outstanding as fully paid and non-assessable, in each case,
               before giving effect to the sale of the Purchased Common Shares
               contemplated herein;

         (c)   the rights, privileges, restrictions and conditions attached to
               the Common Shares of the Issuer are as set out in Schedule B
               attached hereto;

         (d)   Schedule C hereto accurately sets out the names of all holders of
               issued shares in the capital of the Issuer and the number and
               class of any shares issued to each such holder;

         (e)   the Issuer has good and sufficient power, authority and right to
               enter into and deliver this Agreement and to issue the Purchased
               Common Shares to the Purchaser free and clear of all liens,
               charges, encumbrances and any other rights of others;

         (f)   there is no contract, warrant, option or any other right (
               including pre-emptive rights or rights of first refusal)
               including of another binding upon or which at any time in the
               future may become binding upon the Issuer to allot or issue any
               of the unissued shares of the Issuer or to create any additional
               class of shares other than pursuant to (i) the employee share
               option plan which has been duly approved and adopted by the
               Issuer, a copy of which has been delivered to the Purchaser, (ii)
               the obligations of the Issuer under the USA and the Operating
               Agreement, and (iii) those obligations listed in Schedule C

         (g)   the entering into and the delivery of this Agreement, and the
               completion of the transactions contemplated hereby by the Issuer
               will not result in the violation of:
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         (i)   any of the provisions of the constating documents or by-laws of
               the Issuer,

         (ii)  any agreement or other instrument to which the Issuer is a party
               or by which the Issuer is bound, or

         (iii) any applicable law, rule or regulation;

   (h)   the audited financial statements of the Issuer, consisting of the
         Balance Sheet and statements of loss, deficit and changes in financial
         position for the period ended on the Balance Sheet Date, together with
         the report of KPMG, chartered accountants, thereon and the notes
         thereto (hereinafter collectively referred to as the "Financial
         Statements"), a copy of which has been provided to the Purchaser:

         (i)   are in accordance with the books and accounts of the Issuer as at
               the Balance Sheet Date,

         (ii)  are true and correct and present fairly the financial position of
               the Issuer as at the Balance Sheet Date,

         (iii) have been prepared in accordance with generally accepted
               accounting principles consistently applied, and

         (iv)  present fairly all of the assets and liabilities of the Issuer as
               at the Balance Sheet Date including, without limiting the
               generality of the foregoing, all contingent liabilities of the
               Issuer as at the Balance Sheet Date;

   (i)   to the best of its knowledge, information and belief, after due
         enquiry, the financial position of the Issuer is at least as good as
         the financial position of the Issuer as at the Balance Sheet Date;

   (j)   since the Balance Sheet Date the business of the Issuer has been
         carried on in its usual and ordinary course and the Issuer has not
         entered into any transaction out of the usual and ordinary course of
         business;

   (k)   to the best of its knowledge, information and belief, after due
         inquiry, since the Balance Sheet Date there has been no material
         adverse change in the affairs, business, prospects, operations or
         condition of the Issuer, financial or otherwise, whether arising as a
         result of any legislative or regulatory change, revocation of any
         licence or right to do business, fire, explosion, accident, casualty,
         labour dispute, flood, drought, riot, storm, condemnation, act of God,
         public force or otherwise, except changes occurring in the usual and
         ordinary course of business which have not affected the affairs,
         business, prospects, operations or condition of the Issuer, financial
         or otherwise;
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         (l)      the Issuer owns, with a good and marketable title, free and
                  clear of all liens, charges, encumbrances and any other rights
                  of others, all assets shown or reflected on the consolidated
                  Balance Sheet including, without limitation, the property
                  listed on Schedule I, except only such of the assets of the
                  Issuer as have been disposed of in the usual and ordinary
                  course of business since the Balance Sheet Date, and of all
                  assets acquired by the Issuer since the Balance Sheet Date;

         (m)      to the best of its knowledge, information and belief, after
                  due inquiry, all machinery and equipment owned or used by the
                  Issuer has been properly maintained and is in good working
                  order for the purposes of ongoing operation, subject to
                  ordinary wear and tear for machinery and equipment of
                  comparable age;

         (n)      to the best of its knowledge, information and belief, after
                  due inquiry, all of the inventories of the Issuer are of
                  merchantable quality and reasonably fit for their usual
                  purpose;

         (o)      there are no outstanding orders, notices or similar
                  requirements relating to the Issuer issued by any building,
                  environmental, fire, health, labour or police authorities or
                  from any other federal, provincial, state or municipal
                  authority and there are no matters under discussion with any
                  such authorities relating to orders, notices or similar
                  requirements;

         (p)      no dividends have been declared or paid on or in respect of
                  the Common Shares and no other distribution on any of its
                  securities or shares has been made by the Issuer;

         (q)      the Issuer has no liability, obligation or commitment for the
                  payment of income taxes, corporation taxes or any other taxes
                  or duties of whatever nature or kind, or interest or penalties
                  with respect thereto, except such as are disclosed in the
                  Financial Statements or such taxes or duties not yet due as
                  have arisen since the Balance Sheet Date in the usual and
                  ordinary course of business and for which adequate provision
                  in the accounts of the Issuer has been made, and the Issuer is
                  not in arrears with respect to any required withholdings or
                  installment payments of any tax or duty of any kind and has
                  not filed any waiver for a taxation year of the Issuer under
                  the Income Tax Act (Canada) or any other legislation imposing
                  tax on the Issuer;

         (r)      except as otherwise set out in the Balance Sheet, there are no
                  outstanding liabilities against the Issuer except trade debts
                  incurred in the usual and ordinary course of business;

         (s)      the Issuer is not a party to any contract or commitment
                  outside the usual and ordinary course of business nor a party
                  to any contract or commitment extending for a period of time
                  longer than three months or involving
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                  expenditures by the Issuer in the aggregate in excess of
                  $100,000, except such contracts or commitments as are listed
                  in Schedule E attached hereto;

         (t)      the Issuer is not in default or breach of any contract or
                  commitment to which it is a party and there exists no
                  condition, event or act which, with the giving of notice or
                  lapse of time or both would constitute such a default or
                  breach and all such contracts and commitments are in good
                  standing and in full force and effect without amendment
                  thereto and the Issuer is entitled to all benefits thereunder;

         (u)      the Issuer is not a party to or bound by any guarantee,
                  indemnification, surety or similar obligation except those
                  listed in Schedule A attached hereto;

         (v)      except as otherwise set out in Schedule A, the Issuer is not a
                  party to any lease or agreement in the nature of a lease for
                  real property, whether as lessor or lessee;

         (w)      the Issuer has no Subsidiaries, except for iMagicTV (US), Inc.
                  and ImagicTV (UK) Limited (all of the issued and outstanding
                  shares of which are legally and beneficially owned by the
                  Issuer). iMagicTV (US), Inc. was incorporated on November 17,
                  1999 . ImagicTV (UK) Limited was incorporated on July 17,
                  2000. There are no agreements, options or commitments to
                  acquire any shares or securities of the Issuer or to acquire
                  or lease any business operations, real property or assets;

         (x)      there is no agreement, option, understanding or commitment, or
                  any right or privilege capable of becoming an agreement, for
                  the purchase from the Issuer of its business or any of its
                  assets other than in the usual and ordinary course of
                  business;

         (y)      the Issuer is not a party to or bound by any contract or
                  commitment to pay any royalty, licence fee or management fee
                  except those listed in Schedule "E attached hereto;

         (z)      all of the current and prior employees of the Issuer have
                  signed an Agreement of Confidentiality and Assignment of
                  Invention; and all of the current and prior independent
                  contractors of the Issuer have signed Individual Secrecy of
                  Information and Non Disclosure Agreement ;

         (aa)     all  benefit  plans of the  Issuer  have been duly  registered
                  where  required  by,  and  are in  good  standing  under,  all
                  applicable   legislation   including,   without  limiting  the
                  generality of the  foregoing,  the Income Tax Act (Canada) and
                  the  Pension   Benefits   Act  (New   Brunswick)   or  similar
                  legislation  in  any  other  jurisdiction,  and  all  required
                  employer contributions under any such plans have been made and
                  the applicable
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                  funds have been funded in accordance with the terms thereof of
                  the plans and no past service funding liabilities exist
                  thereunder;

         (bb)     the Issuer is not bound by or a party to:

                  (i)      any collective bargaining agreement, or

                  (ii)     any benefit plan including, without limiting the
                           generality of the foregoing, any pension plan
                           maintained by or on behalf of the Issuer for any of
                           its employees;

         (cc)     no trade union, council of trade unions, employee bargaining
                  agency or affiliated bargaining agent:

                  (i)      holds bargaining rights with respect to the Issuer's
                           employees by way of certification, interim
                           certification, voluntary recognition, designation or
                           successor rights,

                  (ii)     has applied to be certified as the bargaining agent
                           of any of the Issuer's employees, or

                  (iii)    has applied to have the Issuer declared a related
                           employer pursuant to the Industrial Relations Act
                           (New Brunswick) or similar legislation in any other
                           jurisdiction or taken substantially similar action in
                           any other jurisdiction in which the Issuer conducts
                           its business;

         (dd)     except for remuneration paid to employees in the usual and
                  ordinary course of business and made at current rates of
                  remuneration, no payments have been made or authorized since
                  the Balance Sheet Date by the Issuer to officers, directors or
                  employees of the Issuer;

         (ee)     no director, former director, officer, shareholder or employee
                  of the Issuer or any person not dealing at arm's length within
                  the meaning of the Income Tax Act (Canada) with any such
                  person is indebted to the Issuer;

         (ff)     there are no actions, suits or proceedings (whether or not
                  purportedly on behalf of the Issuer) pending or threatened
                  against or adversely affecting, or which could adversely
                  affect, the Issuer or any of its assets or before or by any
                  federal, provincial, municipal or other governmental court,
                  department, commission, board, bureau, agency or
                  instrumentality, domestic or foreign, whether or not insured,
                  and which might involve the possibility of any judgment or
                  liability against the Issuer;

         (gg)     the Issuer is conducting its business in compliance with all
                  applicable laws, rules, regulations, notices, approvals and
                  orders of Canada and any other jurisdiction in which the
                  business of the Issuer is carried on, is not in breach of any
                  such laws, rules, regulations, notices, approvals or orders
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                  and is duly licensed, registered or qualified, and duly
                  possesses all permits and quotas, in each of the jurisdictions
                  in which the Issuer carries on its business to enable its
                  business to be carried on as now conducted and its assets to
                  be owned, leased and operated, and all such licences,
                  registrations, qualifications, permits and quotas are valid
                  and subsisting and in good standing and none of the same
                  contains or is subject to any term, provision, condition or
                  limitation which has or may have an adverse effect on the
                  operation of its business or which may adversely change or
                  terminate such licence, registration, qualification, permit or
                  quota by virtue of the completion of the transactions
                  contemplated hereby;

         (hh)     all insurance policies maintained by the Issuer are in good
                  standing;

         (ii)     no consent, authorization or approval is required from any
                  person, government, agency, office, bureau or authority in
                  connection with the entry by the Issuer into this Agreement
                  and completion of the transactions contemplated hereby;

         (jj)     attached hereto as Schedule I is a list of all Intellectual
                  Property; the Intellectual Property is in good standing and
                  duly registered in all appropriate offices to preserve the
                  right thereof and thereto unless noted otherwise in Schedule
                  I;

         (kk)     no conduct of the Issuer and none of the Issuer's products
                  infringes (i) upon the trademarks, trade names or copyright of
                  any other person registered in Canada or the United States,
                  (ii) to the best of its knowledge and belief, after due
                  inquiry, upon any registered patent of any other person in
                  Canada or the United States, or any unregistered trademarks,
                  trade names, or copyrights of any other person in Canada or
                  the United States, or (iii) to the best of its knowledge and
                  belief, after due inquiry, upon any trade marks, trade names,
                  patents, or copyrights of any other person in any part of the
                  world, outside of Canada and the United States, where the
                  Issuer conducts its business;

         (ll)     the Intellectual Property is all of the intellectual property
                  used in, or required for the proper carrying on of, the
                  Issuer's business. The Issuer owns all the Intellectual
                  Property, except that portion which is the Third Party
                  Programs. The Issuer is the sole and exclusive owner of, with
                  all right, title and interest in and to (free and clear of any
                  liens or encumbrances), the Intellectual Property, and has
                  sole and exclusive rights (and is not contractually obligated
                  to pay any compensation to any third party in respect thereof)
                  to the use thereof or the material covered thereby, except
                  that portion which is the Third Party Programs. There is no
                  and has not been any unauthorized use, infringement or
                  misappropriation of the Intellectual Property by any person,
                  former employee or other third party to the best of the
                  Issuer's information and belief after due inquiry;
<PAGE>

11

         (mm)     except for the third party software ("Third Party Programs")
                  listed in Schedule H, the Software was written only by
                  individuals (the "Developers") who were employed by the Issuer
                  or contracted by the Issuer whereby such individuals were
                  obligated to assign all their right, title and interest in and
                  to any developed work to the Issuer, other than minor
                  components of the Software which, in the aggregate, do not
                  comprise more than 1% of the source code for the current
                  version of the Software;

         (nn)     all employees (including managers and officers) and
                  independent contractors, and former employees and independent
                  contractors, of the Issuer who either alone or in concert with
                  others developed, invented, discovered, designed, modified or
                  corrected any of the Intellectual Property or wrote any of the
                  Software have irrevocably and unconditionally assigned their
                  intellectual property rights in the Software to the Issuer
                  pursuant to written agreements;

         (oo)     all employees (including managers and officers) and
                  independent contractors, and former employees and independent
                  contractors, of the Issuer have waived in writing their moral
                  rights in the Intellectual Property;

         (pp)     the Software neither contains nor embodies nor uses nor
                  requires for its full and proper operation any third party
                  software, including development tools and utilities except
                  that software and hardware identified by the Issuer as
                  required for the operating platform of the Software to
                  function in accordance with its product description, and the
                  Software, together with the Third Party Programs, contains all
                  materials necessary for the continued maintenance and
                  development of the Software;

         (qq)     copies of all the license and maintenance agreements for the
                  Third Party Programs have been provided by the Issuer to the
                  Purchaser, except in respect of Third Party Programs that are
                  "shrink-wrap" or "web-wrap" software and that are purchased
                  off-the-shelf by the Issuer;

         (rr)     only object code versions of the Software have been provided
                  to those licensee customers of the Software (including
                  licensees for testing and evaluation purposes), and no person
                  except for such licensees has been provided with a copy of the
                  object code of the Software;

         (ss)     except for the arrangements described in Schedule A, the
                  source code for the Software has not been delivered or made
                  available to any person and the Issuer has not agreed to or
                  undertaken to or in any other way promised to provide such
                  source code to any person. The source code is being developed
                  in Saint John, New Brunswick and will be stored in the offices
                  of the Issuer in Saint John, New Brunswick;
<PAGE>

12

         (tt)     Schedule E lists all licenses, maintenance or support
                  agreements, development contracts and all other material
                  agreements (other than RFP's and proposals which are referred
                  to in such agreements) between the Issuer and any third party,
                  whether at arm's length to the Issuer and its principals or
                  otherwise, copies of each of which have been supplied to the
                  Purchaser;

         (uu)     to the best of its knowledge, information and belief, after
                  due inquiry, there are no material problems or defects in the
                  Software including bugs, logic errors and the failure of the
                  Software to operate as described in the related documentation;

         (vv)     there are no distributors, sales agents, representatives or
                  any other persons, including VARs, OEMs or resellers, who have
                  or had rights to market or license the Software or any of the
                  Intellectual Property or who have been otherwise utilized by
                  the Issuer to assist in selling the Issuer's products or
                  services, except those persons identified in Schedule A; and

         (ww)     each shareholder of the Issuer and holder of rights or options
                  to acquire shares of the Issuer, excluding the Purchaser, is a
                  signatory to the USA and has been advised to obtain
                  independent legal advice in connection with the entry by such
                  shareholder or holder, as applicable, into the USA. A copy of
                  the USA is attached as Schedule L.

         (xx)     each voting shareholder of the Issuer and holder of rights or
                  options to acquire voting shares of the Issuer, excluding the
                  Purchaser, is a signatory to the Operating Agreement and has
                  been advised to obtain independent legal advice in connection
                  with the entry by such shareholder or holder, as applicable,
                  into the Operating Agreement. A copy of the Operating
                  Agreement is attached as Schedule M.

         (yy)     no single capital expenditure in excess of $150,000 Canadian
                  or capital expenditures in the aggregate in excess of $350,000
                  Canadian has been made or authorized by the Issuer since the
                  Balance Sheet Date.

         (zz)     the Issuer has not engaged in the past three (3) months in any
                  discussion (i) with any representative of any corporation or
                  corporations regarding the consolidation or merger of the
                  Issuer with or into any such corporation or corporations, (ii)
                  with any corporation, partnership, association or other
                  business entity or any individual regarding the sale,
                  conveyance or disposition of all or substantially all of the
                  assets of the Issuer or a transaction or series of related
                  transactions in which more than fifty percent (50%) of the
                  voting power of the Issuer is disposed of, or (iii) regarding
                  any other form of acquisition, liquidation, dissolution or
                  winding up of the Issuer.

         (aaa)    The Issuer has not granted or agreed to grant any registration
                  rights, including piggyback rights, to any person or entity.
                  Except as
<PAGE>

13

                  contemplated in the Operating Agreement and the USA, no
                  shareholders of the Issuer have entered into any agreements
                  with respect to the voting shares of the Issuer.

3.2      Survival of Issuer's Representations, Warranties and Covenants
         --------------------------------------------------------------

            (a)   The representations and warranties of the Issuer set forth in
                  Section 3.1 shall survive this subscription for the Purchased
                  Common Shares herein provided for and:

                  (i)      the representations and warranties of the Issuer set
                           out in subsection 3.1(q) , unless such
                           representations and warranties prove to be false as a
                           result of any misrepresentation made or fraud
                           committed in filing a return or supplying information
                           for the purposes of the Income Tax Act (Canada) or
                           any other legislation imposing tax on the Issuer,
                           continue in full force and effect for the benefit of
                           the Purchaser until the expiration of the last of the
                           limitation periods contained in the Income Tax Act
                           (Canada) and any other legislation imposing tax on
                           the Issuer subsequent to the expiration of which an
                           assessment, reassessment or other form or recognized
                           document assessing liability for tax, interest or
                           penalties thereunder for the period ended on the
                           Balance Sheet Date cannot be issued to the Issuer;

                  (ii)     the representations and warranties of the Issuer set
                           out in subsection 3.1(q) which prove to be false as a
                           result of any misrepresentation made or fraud
                           committed in filing a return or in supplying
                           information for the purposes of the Income Tax Act
                           (Canada) or any other legislation imposing tax on the
                           Issuer shall continue in full force and effect for
                           the benefit of the Purchaser and be unlimited as to
                           duration; and

                  (iii)    the remaining representations and warranties of the
                           Issuer set forth in Section 3.1 shall continue in
                           full force and effect for the benefit of the
                           Purchaser for a period of five years from the date
                           hereof except for the representation and warranty in
                           section 3.1(b) which shall survive indefinitively.

            (a)   The covenants of the Issuer set forth in this Agreement shall
                  survive this subscription for the Purchased Common Shares
                  herein provided for and, shall continue in full force and
                  effect for the benefit of the Purchaser in accordance with the
                  terms thereof.

 3.3     Purchaser's Representations and Warranties
         ------------------------------------------
<PAGE>

14

The Purchaser represents and warrants to the Issuer that:

     (a)  it is a corporation duly incorporated, organized and subsisting under
          the laws of its jurisdiction of organization; and:

     (b)  it has good and sufficient power, authority and right to enter into
          and deliver this Agreement and to complete the transactions to be
          completed by it contemplated hereby;

     (c)  purchaser is purchasing the Purchased Common Shares as principal for
          its own account and not for the benefit of any other person and not
          with a view to any resale, distribution or other disposition of the
          Purchased Common Shares;

     (d)  Purchaser has such knowledge and experience in financial and business
          matters that Purchaser is capable of evaluating the merits and risks
          of purchasing the Purchased Common Shares and is able to bear the
          economic loss of its entire investment;

     (e)  Purchaser is both an accredited investor, as that term is defined in
          Rule 501(a) under the Securities Act of 1933, as amended (the "Act"),
          and a Qualified Institutional Buyer as defined in Rule 144

     (f)  Purchaser has had access to such financial and other information and
          has had the opportunity to ask questions of and receive answers from
          the Issuer as Purchaser deems necessary in connection with its
          decision to purchase the Purchased Common Shares;

     (g)  Purchaser was offered the Purchased Common Shares in the United
          States, executed this Subscription Agreement in the United States and
          is not purchasing the Purchased Common Shares as the result of any
          general solicitation or general advertising, including advertisements,
          articles, notices or other communications published in any newspaper,
          magazine or similar media or broadcast over radio or television, or
          any seminar or meeting whose attendees have been invited by general
          solicitation or general advertising;

     (h)  Purchaser understands and acknowledges that the Purchased Common
          Shares will not be and have not been registered under the Act or the
          securities laws of any state of the United States and are being
          offered only in a transaction not involving any public offering within
          the meaning of the Act and in compliance with applicable local laws
          and regulations, and are therefore "restricted securities" within the
          meaning of Rule 144 under the Act, and that if in the future it shall
          decide to resell, pledge or otherwise transfer such Purchased Common
          Shares, the same may be resold, pledged or otherwise transferred only
          (A) to the Issuer or any of its subsidiaries, (B) to a wholly owned
          Subsidiary of the Purchaser,(C)in an offshore transaction meeting the
          requirements of Rule 903 or 904 of Regulation S under the Act and in
          compliance with applicable local laws and regulations, (D) in a
          transaction meeting the requirements of Rule 144
<PAGE>

15

          under the Act (and based upon an opinion of counsel and other
          information acceptable to the Issuer), (E) in accordance with another
          exemption (if available) from the registration requirements of the Act
          (and based upon an opinion of counsel and other information acceptable
          to the Issuer) or (F) pursuant to an effective registration statement
          under the Act, and, in each case, in compliance with all applicable
          state securities laws of the United States;

     (i)  Purchaser understands and acknowledges that the Issuer is not
          obligated to file and has no present intention of filing with the U.S.
          Securities and Exchange Commission (the "Commission") or with any
          state securities administrator any registration statement in respect
          of resales of the Purchased Common Shares in the United States;

     (j)  Purchaser understands and acknowledges that the Issuer has the right
          to instruct the transfer agent of the Purchased Common Shares not to
          record a transfer by it without first being notified by the Issuer
          that it is satisfied that such transfer is exempt from or not subject
          to registration under the Act and any applicable state securities
          laws;

     (k)  Purchaser is not, and is not acquiring the Purchased Common Shares
          with the assets of, or for or on behalf of, any employee benefit plan
          (a "Plan") (as defined in Section 3(3) of the Employee Retirement
          Income Security Act of 1974, as amended ("ERISA")) or other
          arrangement that is subject to ERISA or Section 4975 of the U.S.
          Internal Revenue Code of 1986, as amended (the "Code"), or any entity
          whose underlying assets include assets of a Plan pursuant to 29 C.F.R.
          Section 2510.3-101 or otherwise, except to the extent that the
          acquisition of the Purchased Common Shares:

          (1)  (i) is made with the assets of a bank collective investment fund
               and (ii) satisfies the applicable requirements and conditions of
               Prohibited Transaction Class Exemption 91-38 issued by the U.S.
               Department of Labor;

          (2)  (i) is made with assets of an insurance company pooled separate
               account and (ii) satisfies the applicable requirements and
               conditions of Prohibited Transaction Class Exemption 90-1 issued
               by the U.S. Department of Labor;

          (3)  (i) is made with assets managed by a qualified professional asset
               manager and (ii) satisfies the applicable requirements and
               conditions of Prohibited Transaction Class Exemption 84-14 issued
               by the U.S. Department of Labor;

          (4)  is made with the assets of a governmental plan as defined in
               Section 3(32) of ERISA which is not subject to the provisions of
               Section 401 of the Code;
<PAGE>

16

          (5)  (i) is made with the assets of an insurance company general
               account and (ii) satisfies the applicable requirements and
               conditions of Prohibited Transaction Class Exemption 95-60 issued
               by the U.S. Department of Labor; and/or

          (6)  (i) is made with the assets managed by an in-house asset manager
               and (ii) satisfies the applicable requirements and conditions of
               Prohibited Transaction Class Exemption 96-23 issued by the U.S.
               Department of Labor; and

     (a)  Purchaser understands that, until registered under the Act, the
          Purchased Common Shares will bear a legend to the following effect
          unless otherwise agreed between the Issuer and the holder thereof:

          "THE COMMON SHARES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
          U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
          UNDER ANY STATE SECURITIES LAWS AND, ACCORDINGLY, MAY NOT BE
          REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED UNLESS REGISTERED
          UNDER THE SECURITIES ACT OR UNLESS AN EXEMPTION FROM REGISTRATION IS
          AVAILABLE, AND IN COMPLIANCE WITH APPLICABLE SECURITIES LAWS OF ANY
          STATE OF THE UNITED STATES OR ANY APPLICABLE JURISDICTION.

3.4       Survival of Purchaser's Representations, Warranties and Covenants
          -----------------------------------------------------------------

          (a)  The representations and warranties of the Purchaser set forth in
               Section 3.3 shall survive the subscription for the Purchased
               Common Shares herein provided for and, notwithstanding such
               completion, shall continue in full force and effect for the
               benefit of the Issuer for a period of five years from the date
               hereof.

          (b)  The covenants of the Purchaser set forth in this Agreement shall
               survive the subscription for the Purchased Common Shares herein
               provided for and, notwithstanding such completion, shall continue
               in full force and effect for the benefit of the Issuer in
               accordance with the terms thereof.

                           ARTICLE FOUR - COVENANTS
                           ------------------------

4.1      Covenants of the Issuer
         -----------------------

         (a)   Intentionally Deleted.

         (b)   Intentionally Deleted.
<PAGE>

17

4.2     Covenants of Purchaser
        ----------------------

        (a)    At the Time of Closing, the Purchaser will deliver an agreement
               whereby the Purchaser agrees to be bound by the terms and
               conditions of the USA and the Operating Agreement, as required by
               provisions of the USA and the Operating Agreement.

        (b)    Intentionally Deleted.

                             ARTICLE FIVE - GENERAL
                             ----------------------

5.1      Further Assurances
         ------------------

The Issuer and the Purchaser shall from time to time execute and deliver all
such further documents and instruments and do all acts and things as the other
party may, after the date hereof, reasonably require to effectively carry out or
better evidence or perfect the full intent and meaning of this Agreement.

5.2      Benefit of the Agreement
         ------------------------

This Agreement shall enure to the benefit of and be binding upon the respective
administrators, successors and permitted assigns of the parties hereto.

5.3      Entire Agreement
         ----------------

This Agreement constitutes the entire agreement between the parties hereto with
respect to the subject matter hereof and cancels and supersedes any prior
understandings and agreements between the parties hereto with respect thereto.
There are no representations, warranties, terms, conditions, undertakings or
collateral agreements, express, implied or statutory, between the parties other
than as expressly set forth in this Agreement.

5.4      Governing Law
         -------------

This Agreement shall be governed by and construed in accordance with the laws of
the Province of New Brunswick and the laws of Canada applicable therein.
<PAGE>

18

IN WITNESS WHEREOF the parties have executed this Agreement as of the date first
hereinabove written.

SIGNED SEALED AND DELIVERED   ) ImagicTV Inc.
       in the presence of:    )
                              )
                              )
                              ) per: _________________________
                              )      Authorized Signatory c/s
                              )
                              )
                              )
                                per: _________________________
                                     Authorized Signatory

                            AMERICA ONLINE, INC.

Witnessed By:  _____________________        per:  _________________________
                                                  Authorized Signatory c/s
<PAGE>

                              Index of Schedules

Schedule A     Exceptions to representations and warranties

Schedule B     Schedule I to ImagicTV's amended articles of incorporation filed
               on June 30, 1998, relating to the rights, privileges,
               restrictions and conditions of the common shares

Schedule C     Shareholder and optionholder list

Schedule D     [Intentionally deleted]

Schedule E     List of licenses and other material agreements

Schedule F     [Intentionally deleted]

Schedule G     List of employee indebtedness

Schedule H     Third party software / programs

Schedule I     List of ImagicTV's intellectual property and software

Schedule J     [Intentionally deleted]

Schedule K     [Intentionally deleted]

Schedule L     Form of Unanimous Shareholders Agreement

Schedule M     Form of Operating Agreement

<PAGE>

20

                                 ImagicTV Inc.
                       One Brunswick Square, 14th Floor
                       Saint John, New Brunswick E2L 3Y2
                                    Canada
                                October 4, 2000
                           as of September 29, 2000

America Online, Inc.
22000 AOL Way
Dulles, Virginia 20166

         Re:  Share Subscription Agreement
Ladies and Gentlemen:
         Reference is hereby made to the Share Subscription Agreement (the
"Agreement"), made as of September 29, 2000, between ImagicTV, Inc. and America
Online, Inc. All terms used herein shall have the meaning attributed to them in
the Agreement.

         It is hereby agreed that the Agreement shall be amended as follows:
                  Subpart (B) of Section 3.3(h) is amended to read:
                         (B) a subsidiary of the Purchaser in a transaction
                         which the Purchaser confirms to the Issuer (based upon
                         an opinion of counsel and other information reasonably
                         acceptable to the Issuer) is exempt from the
                         registration requirements of the Act,
The parties hereto hereby acknowledge and confirm that the Agreement, as amended
hereby, is, and shall continue to be, in full force and effect.

If the foregoing is acceptable to you, please indicate your acceptance in the
space indicated below.

                       [Signatures follow on next page]
<PAGE>

21

                                        Very truly yours,

                                             IMAGICTV INC.
                                             By:__________________________
                                             Name:________________________
                                             Title:_______________________

AGREED AND ACCEPTED:
AMERICA ONLINE, INC.
By:_______________________________
Name:_____________________________
Title:____________________________

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