Document:

[LOGO]theglobe.com

                       LOAN AND PURCHASE OPTION AGREEMENT

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      This Loan and Purchase Option Agreement ("Agreement") is entered into as
of the 25th day of February, 2003 by and among theglobe.com, inc., a Delaware
corporation ("Buyer"), Tralliance Corporation, a New York corporation
("Company"), and Cherian Mathai, individually, and Ronald N. Andruff,
individually and as power of attorney on behalf of all of the remaining holders
of all of the issued and outstanding common stock of the Company as set forth on
Schedule A (collectively, the "Sellers", and including Ronald N. Andruff as the
"Sellers' Representative"). Ronald N. Andruff and Cherian Mathai are sometimes
collectively referred to herein as the "Operating Sellers."

            WHEREAS, the Company currently owes the Buyer the sum of $40,000,
plus interest, under an outstanding bridge loan dated December 12, 2002, and was
subsequently loaned an additional $40,000 on the same terms (collectively, the
"Bridge Loan");

            WHEREAS, the Buyer has agreed to loan the Company the additional
amount of $80,000 (the "Additional Amount"), which will result in an overall
loan in the aggregate principal amount of $160,000,000;

            WHEREAS, the parties wish to replace the Bridge Loan by
consolidating all the money owed by the Company thereunder into this Agreement
subject to and upon the terms and conditions herein set forth; and

            WHEREAS, as an inducement to the Buyer to make the Operating Loan,
the Sellers wish to grant the Buyer the option to acquire all of the shares of
capital stock owned by them in the Company under the terms set forth in this
Agreement.

            NOW, THEREFORE, in consideration of the mutual covenants and
agreements set forth in this Agreement, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:

      A. The Operating Loan.

            1. The Operating Loan and Funding. Within two business days of
execution of this Agreement, the Buyer will loan Forty Thousand Dollars
($40,000) to the Company pursuant to a loan commitment in the aggregate amount
of One Hundred Sixty Thousand Dollars ($160,000) (inclusive of the Bridge Loan)
(the "Operating Loan"). Subject to compliance by the Company and Sellers with
the terms of this Agreement, the Buyer agrees to fund the remaining Forty
Thousand Dollars ($40,000) of the Operating Loan on March 12, 2003. The
Additional Amount of the Operating Loan will be used solely for operating
expenses incurred on and after the date of this Agreement. The Operating Loan
will mature on December 12, 2003, with all outstanding principal and interest
being due in one lump sum on such date except as provided in the next sentence.
If the Buyer elects not to exercise the Purchase Option (as defined below), then
(i) the Operating Loan will mature twelve months following the earlier of: (a)
notice at any time from the Buyer that it is not exercising the Purchase Option
or (b) the expiration of the Purchase Option, with equal monthly payments of
principal and interest being made on a straight amortization basis, and (ii)
sixty thousand dollars of the amount of the Operating Loan will be deemed
forgiven (the "Forgiven Amount"); provided, however, if within one year of such
date the Company obtains financing from any unrelated third party the full
amount of the Operating Loan (including the Forgiven Amount) will be immediately
due and payable. The Operating Loan shall be represented by a Promissory Note
(which shall subsume and supercede the promissory note relating to the Bridge
Loan) in the form attached hereto as Exhibit A which shall be executed and
delivered by the Company concurrent with the execution of this Agreement.

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            2. Security for the Operating Loan. As security for the Company's
obligations to the Buyer, the Company does hereby grant the Buyer a first
priority security interest in and to all of the tangible and intangible assets
of the Company, including without limitation, "goodwill", intellectual property,
and the Company's contractual rights with third parties, all as further
described in the Security Agreement attached hereto as Exhibit B (the "Security
Agreement"). Buyer will share, on a pro rata basis, the above security interest
with NeuStar, Inc. ("NeuStar") and C5, LLC ("C5") to the extent of the first
priority security interest that each of NeuStar and C5 has in the above
property. The Company shall execute and deliver the Security Agreement
concurrently with this Agreement. Such Security Agreement will included a
joinder by NeuStar and C5 pursuant to which they consent to such shared security
interest and the provisions of Paragraph C.2 hereof. The Company further agrees
to promptly execute and deliver all other documentation reasonably requested by
the Buyer to further reflect, implement and perfect the foregoing security
interest. This Agreement, the Promissory Note and the Security Agreement are
sometimes collectively referred to herein as the "Loan Documents."

            3. Accrued Compensation Subordination. The Sellers (together with
the persons identified on Schedule D.1 hereof, each of which shall
contemporaneous with this Agreement execute and deliver a Subordination
Agreement in the form of Exhibit C) agree to subordinate and defer payment of
all accrued and unpaid compensation, if any, owed to them (approximately Two
Hundred Twenty Four Thousand and Five Hundred Dollars ($224,500) as of the date
of this Agreement) for services rendered (the "Accrued Compensation") to
repayment of the Operating Loan (including the Bridge Loan) except as provided
in the next sentence. Notwithstanding repayment of the Operating Loan, in the
event of exercise of the Purchase Option, the Sellers and other persons whom are
owed Accrued Compensation further agree that they shall be entitled to payment
of the Accrued Compensation only to the extent so provided in Section 5 of the
Subordination Agreement.

            4. Election to Increase Funding. At its discretion, the Buyer may
elect to increase the amount of funding under the Operating Loan on a month to
month basis on the same terms as outlined above, including without limitation as
to security and the subordination. The Company and the Sellers agree to promptly
execute and deliver all other documentation reasonably requested by the Buyer to
further reflect, implement and document any such increased funding.

            5. Conditions Precedent to Additional Funding. The obligation of the
Buyer to fund the Additional Amount of the Operating Loan shall be subject to
satisfaction of the following conditions precedent at the time of each funding:
(i) all representations, warranties, covenants and statements made by or behalf
of the Company or any Seller in any of the Loan Documents or the Stock Purchase
Agreement (as defined below and incorporated herein) shall be true and correct
in all material respects; (ii) there shall not have been any material adverse
change in the condition (financial or otherwise), operations, assets,
liabilities or prospects of the Company, as determined in Buyer's sole good
faith discretion; and (iii) there shall not be voluntary or involuntary
bankruptcy, insolvency or similar proceedings pending relating to the Company or
any of its assets; provided, however, in the event Buyer believes that either
clause (i) or (ii) above is not satisfied, it will so notify the Company and to
the extent curable, will afford it a period of fifteen (15) days to satisfy such
condition to Buyer's satisfaction (and during such notice and cure period any
obligation of the Buyer to fund will be suspended). If requested by the Buyer,
the Company agrees to promptly supply it with a certification signed by its
President and Chief Financial Officer that, to the best of their respective
knowledge and belief, all such conditions are satisfied.

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      B. The Purchase Option. The Sellers hereby jointly and severally grant to
the Buyer the option to purchase all of the issued and outstanding shares of
common stock (together with any Common Stock Equivalents, as hereinafter
defined) (the "Common Stock") now or hereinafter owned by them (the "Purchase
Option"). The Sellers represent and warrant that they are the owners of all of
the issued and outstanding shares of Common Stock. The Purchase Option shall be
exercisable by written notice from the Buyer to the Sellers' Representative (the
"Election Notice") at any time on or before the later of (i) March 31, 2003 and
(ii) ten (10) days following the date of Buyer's receipt of written notice from
the Company that the Company has been awarded the ".travel" top level domain
name management contract from the Internet Corporation for Assigned Names and
Numbers (ICANN). The closing of the exercise of the Purchase Option (the "Option
Closing") shall occur at the offices of the Buyer on the 10th business day
following receipt by the Sellers' Representative of the Election Notice. At the
Option Closing, the Buyer shall (i) pay an aggregate of Forty Thousand Dollars
($40,000) (the "Cash Payment") in immediately available funds to C5 as complete
payment for the shares owned by C5 (and its other undertakings pursuant to the
Stock Purchase Agreement described below) and (ii) issue to the balance of the
Sellers (excluding C5) an aggregate of two million (2,000,000) shares of its
common stock, $.001 par value per share (the "globe.com Shares")(together with
the Cash Payment, the "Purchase Price"). The globe.com Shares will be
unregistered and constitute restricted securities for purposes of federal
securities laws and shall contain restrictive legends prohibiting the transfer
of the globe.com Shares, except in compliance with applicable state and federal
securities laws. The globe.com Shares will be issued pro rata to the Sellers
(other than to and taking into account the exclusion of C5) in accordance with
their respective ownership percentages as set forth on Schedule A and will be
entitled to "piggy back" registration rights in the manner set forth in Schedule
III of the form of Stock Purchase Agreement referred to below. When and if the
Purchase Option is exercised, the Company and the Sellers shall sell their
shares of the Common Stock to the Buyer pursuant to the form of Stock Purchase
Agreement attached hereto as Exhibit D, which the Company and Sellers covenant
and agree to execute and deliver to Buyer at the Option Closing, together with
stock certificates or other Common Stock Equivalents with stock powers or other
appropriate instruments of transfer duly executed in favor of the Buyer. For
purposes of this Agreement, the term "Common Stock Equivalents" means shares of
Common Stock issuable upon (i) the exercise of outstanding options, warrants or
rights to subscribe for the Common Stock or (ii) the conversion of outstanding
shares of preferred stock, debt or other convertible instruments, in either
case, whether or not then currently exercisable or convertible.

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      C. Other Agreements. In connection with the Purchase Option and the
Operating Loan the parties agree as follows:

            1. Employment Agreements. If and when the Purchase Option is
exercised, Ronald N. Andruff and Cherian Mathai agree to enter into the forms of
employment agreements (the "Employment Agreements") attached hereto as Exhibits
E-1 and E-2, respectively, effective as of the Option Closing;

            2. Loan Matters. NeuStar and C5 hereby agree to share on a pro rata
basis with the Buyer their respective security interests in the property of the
Company. In addition, the parties hereby acknowledge and agree that the Company
will pay the aggregate amount of Eighty Thousand Dollars ($80,000) (which the
Company and Sellers represent and warrant to be the only indebtedness for
borrowed money owed by the Company, other than the Bridge Loan) upon the sooner
of (i) the date on which the Option Closing occurs and (ii) the original
maturity dates of the loans (all at various dates in the third and fourth
quarter of 2004) to such parties. The Company covenants not to prepay the loans
to NeuStar or C5 except as set forth in the preceding sentence.

      D. Representations and Warranties.

            1. Company and Operating Sellers. The Company and the Operating
Sellers, jointly and severally, represent and warrant to the Buyer as follows:

            (a) Stock Purchase Agreement. The representations and warranties set
forth in Sections 3.1 through 3.21 (including without limitation, the
representations as to capitalization matters in Section 3.3) of the Stock
Purchase Agreement are true and correct as of the date of this Agreement and are
incorporated herein.

            (b) Validity of Loan Documents. The execution, delivery and
performance by the Company of the Loan Documents and by the Sellers of this
Agreement: (i) are duly authorized and do not require the consent or approval of
any other party or governmental authority which has not been obtained; and (ii)
will not violate any law or agreement, nor result in the imposition of any lien,
charge or encumbrance upon the assets of the Company or the Common Stock. The
Loan Documents constitute the legal, valid and binding obligations of the
Company enforceable in accordance with their respective terms and this Agreement
constitutes the legal, valid and binding obligation of each Seller in accordance
with its terms. The Company and each Seller has the power and authority to enter
into the Loan Documents and this Agreement, respectively. The Sellers'
Representative holds legal and binding powers of attorney which grant him
authority to execute and deliver the Loan Documents on behalf of the other
Sellers and to bind them in accordance with the terms of the Loan Documents.

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            (c) Accrued Compensation. The Sellers and the persons set forth on
Schedule D.1 are the only persons due Accrued Compensation from the Company and
the amount of such Accrued Compensation owed to each Seller, if any, and other
person, as of January 31, 2003, is as set forth opposite such Seller's or other
person's name on such Schedule.

            2. The Sellers. Each Seller, as to itself and not jointly,
represents and warrants to the Buyer that the representations and warranties set
forth in Sections 4.1 through 4.5 (including without limitation, the
representations as to title matters in Section 4.2) of the Stock Purchase
Agreement are true and correct as of the date of this Agreement and are
incorporated herein; provided that for purposes of this Agreement, reference to
the term "Agreement" in the Stock Purchase Agreement shall mean both the Stock
Purchase Agreement and this Agreement.

      E. Covenants of the Company and Sellers.

            1. Exclusivity. From the date hereof until expiration of the
Purchase Option (the "Exclusivity Period"), neither the Company, Seller(s) nor
any of their respective officers, directors, employees or agents shall, directly
or indirectly, without the prior written consent of Buyer, contact, respond to,
negotiate with or initiate or hold discussions with, agree, solicit or entertain
offers from, any corporation, partnership, person or other entity (other than
Buyer) regarding (i) the sale, transfer, issuance or other disposition of the
Common Stock, Common Stock Equivalents or any other equity interest in the
Company, (ii) the sale or disposition of all or any substantial portion of the
assets of the Company or (iii) the merger, consolidation or reorganization of
the Company with or into any other entity. The Company and each Seller agree to
immediately advise, in reasonable detail, Buyer regarding any offer, proposal or
related inquiry which it or he, or their respective officers, directors,
employees or agents, may hereafter receive from any other corporation,
partnership, person or other entity.

            2. Conduct of Business. The Company will do or cause to be done, all
things reasonably necessary to preserve and keep in full force and effect its
existence and its material rights, franchises, licenses and other intellectual
property. The Company will comply with all applicable statutes, regulations and
orders of, and all applicable restrictions imposed by, all governmental bodies,
domestic or foreign, in respect of the conduct of its business. The Company will
not engage (directly or indirectly) in any business other than the business in
which they are engaged on the date hereof.

            3. Liens. The Company will not create, incur, assume or suffer to
exist any Lien upon or with respect to any property or assets (real or personal,
tangible or intangible), whether now owned or hereafter acquired, without the
prior consent of the Buyer. The Sellers will not create, incur, assume or suffer
to exist any Lien on the Common Stock.

            4. Dividends. The Company will not declare or pay any dividends, or
return any capital, to its stockholders or authorize or make any other
distribution, payment or delivery of property or cash to its stockholders as
such, or redeem, retire, purchase or otherwise acquire, directly or indirectly,
for any consideration, any shares of any class of its capital stock now or
hereafter outstanding (or any Common Stock Equivalents) , or set aside any funds
for any of the foregoing purposes.

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            5. Control; Management. There shall be no change in the officers or
directors of the Company without the consent of the Buyer.

            6. Affiliated Transactions. Except as otherwise disclosed and
contemplated in Section 3.18 of the Disclosure Schedule to the Stock Purchase
Agreement, the Company will not enter into any transaction or series of related
transactions, whether or not in the ordinary course of business, with a Seller
or any affiliate of a Seller.

            7. Taxes. The Company will pay and discharge or cause to be paid and
discharged all applicable federal, state, local and other material taxes,
assessments and governmental charges or levies imposed upon it or upon its
income or profits or upon any of its property, real, personal or mixed or upon
any part thereof, when due, as well as all lawful claims for labor, materials
and supplies which, if unpaid might by law become a lien upon such property.

      F. Break-up Option. The Company hereby grants to the Buyer an irrevocable
option to purchase an amount of its shares of Common Stock that after giving
effect to such issuance would equal forty percent (40%) of the Company's then
issued and outstanding shares of Common Stock, on a fully diluted basis for
Common Stock Equivalents, for an exercise price of Ten Dollars ($10.00) in the
aggregate, payable at the time of exercise. Such option will be exercisable only
if (i) the Company, any of its subsidiaries, affiliates or successors or
assigns, obtain from, or enter into a binding agreement with, any third party
for any form of investment or financing whatsoever (including without
limitation, through a simple financing or acquisition) at anytime on or before
December 31, 2003, without the express written consent of the Buyer; and (ii)
the Buyer is not then in default of this Agreement.

      G. Press Releases and Announcements. Neither party shall release any
information concerning this Agreement or the transactions contemplated hereby
which is intended for or may result in public dissemination thereof without
first furnishing drafts of all documents or proposed oral statements to the
other party for comment and approval; provided, that nothing herein shall
restrict Buyer from making such disclosures as it deems appropriate for purposes
of complying with state or federal securities laws.

      H. Expenses. Buyer, the Company and Sellers shall each be responsible for
and shall pay their own respective expenses incurred in connection with this
Agreement and the transactions contemplated hereby, including, without
limitation, legal and accounting fees and expenses.

      I. Miscellaneous.

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            1. Entire Agreement. This Agreement together with its schedules and
exhibits represent the complete understanding between the parties with respect
to the subject matters hereto and thereto and supersedes any and all other
understandings or agreements (whether orally or in writing) between the parties,
except as specifically otherwise provided herein or therein.

            2. Governing Law; Submission to Jurisdiction; Appointment of Process
Agent. The terms of this Agreement shall be governed by, and shall be construed
and enforced in accordance with, the laws of the State of Florida without regard
to principles of conflicts of law. With respect to any suit, action or
proceeding relating to this Agreement or the transactions contemplated hereby,
the parties irrevocably (i) submits to the exclusive jurisdiction of the United
States District Court for the Southern District of Florida, and, if such Court
lacks subject matter jurisdiction, in the courts of general jurisdiction in
Broward County, Florida; and (ii) waives, to the fullest extent permitted by
law, any objection or immunities to jurisdiction which such party may now or
hereafter have at any time to the laying of venue of any such suit, action or
proceeding arising out of or relating to this Agreement or the transactions
contemplated hereby, or any judgment entered by any court in respect hereof
brought in any such court, waives any claim that any such suit, action or
proceeding has been brought in an inconvenient forum and further waives the
right to object with respect to any such suit, action or proceeding that such
court does not have any jurisdiction over it.

            3. Notices. All notices and other communications provided for herein
shall be dated and in writing and shall be deemed to have been duly given (x) on
the date of delivery, if delivered personally or by telecopier, receipt
confirmed, (y) on the second following business day, if delivered by a
recognized overnight courier service, or (z) seven days after mailing, if sent
by registered or certified mail, return receipt requested, postage prepaid, in
each case, to the party to whom it is directed at the following address (or at
such other address as any party hereto shall hereafter specify by notice in
writing to the other parties hereto):

                  (i)     If to the Company to the following address:

                          Tralliance Corporation
                          220 Fifth Avenue, 20th Floor
                          New York, NY 10001
                          Attention: Ronald N. Andruff, President
                          Facsimile: (212) 481-2859

                          With a copy to:

                          Schnader Harrison Segal & Lewis LLP
                          140 Broadway, Suite 3100
                          New York, NY 10005
                          Attention: Michael J. Moriarty
                          Facsimile: (212) 972-8798

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                  (ii)    If to Buyer the following address:
                          110 East Broward Blvd.
                          Suite 1400
                          Ft. Lauderdale, FL 33301
                          Attention: Edward Cespedes
                          Facsimile:(954) 769.5930

                          With a copy to:

                          Proskauer Rose LLP
                          2255 Glades Road
                          Suite 340 West
                          Boca Raton, Florida 33431
                          Attention: Donald E. "Rocky" Thompson, II
                          Facsimile:  (561) 995.4721

                   (iii)  If to any of the Sellers, to the Sellers'
                          Representative, to the following address:

                          Ronald N. Andruff
                          c/o Tralliance Corporation
                          220 Fifth Avenue, 20th Floor
                          New York, NY 10001
                          Facsimile:  (212) 481-2859

            4. Binding Agreement. This Agreement is binding upon, and shall
inure to the benefit of the parties hereto and their respective heirs,
executors, administrators, successors and assigns.

            5. Counterparts. This Agreement may be executed in one or more
counterparts each of which shall be an original and together shall constitute a
single agreement.

            6. Severability. The provisions of this Agreement will be deemed
severable and the invalidity or unenforceability of any provision hereof will
not affect the validity or enforceability of the other provisions hereof;
provided that if any provision of this Agreement, as applied to any party or to
any circumstance, is adjudged by a court or governmental body not to be
enforceable in accordance with its terms, the parties agree that the court or
governmental body making such determination will have the power to modify the
provision in a manner consistent with its objectives such that it is
enforceable, and/or to delete specific words or phrases, and in its reduced
form, such provision will then be enforceable and will be enforced.

      IN WITNESS WHEREOF, the undersigned have signed this Agreement as of the
date first provided above.

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                                         "BUYER"
                                         theglobe.com, Inc.

                                         By:
                                         Its:
                                         Print Name: Edward Cespedes

                                         "COMPANY"
                                         Tralliance Corporation

                                         By:
                                         Its: President
                                         Print Name: Ronald N. Andruff

                                         "SELLERS"

[Note: as applicable, provide appropriate signature pursuant to power of
attorney ]

----------------------------------------------
Ronald N. Andruff, individually and as Seller's
Representative

----------------------------------------------
Cherian Mathai

----------------------------------------------
Kenneth G. Swanton

----------------------------------------------
Kenneth H. Fockler

C5, LLC

By:_________________________________

                                       10AMENDED, RESTATED AND CONSOLIDATED
                                 PROMISSORY NOTE

THIS AMENDED, RESTATED AND CONSOLIDATED PROMISSORY NOTE REPLACES, AMENDS,
RESTATES AND CONSOLIDATES THAT CERTAIN PROMISSORY NOTE BY BORROWER IN FAVOR OF
LENDER IN THE ORIGINAL PRINCIPAL AMOUNT OF $40,000 DATED DECEMBER ___, 2002.

U.S. $160,000.00                                       Dated February 25th, 2003

                                    RECITALS:

      A. theglobe.com, Inc., a Delaware corporation, (the "Lender"), has loaned
to Tralliance Corporation, a New York corporation (the "Borrower"), Eighty
Thousand U.S. Dollars (U.S. $80,000.00) ("Initial Loan").

      B. Pursuant to the terms of a Loan and Purchase Option Agreement of even
date between the Lender and the Borrower, among others (the "Loan Agreement"),
Lender is making to Borrower an additional loan in the amount of Eighty Thousand
U.S. Dollars (U.S. $80,000.00) ("Additional Loan") (the "Initial Loan" and the
"Additional Loan" collectively referred to as the "Loan").

      C. The timing and conditions to funding of the Additional Loan are as set
forth in the Loan Agreement.

      D. Borrower represents that it used, or will use, the funds from the
Initial Loan solely for its working capital and general corporate purposes.

      E. Borrower further covenants that it will use the funds from the
Additional Loan solely for operating expenses incurred on or after the date
first set forth above.

      FOR VALUE RECEIVED, Borrower unconditionally promises to pay to the order
of the Lender on December 12, 2003 (the "Loan Payment Date") in lawful money of
the United States of America, in immediately available funds, the principal sum
of One Hundred Sixty Thousand U.S. Dollars (U.S. $160,000.00) (the "Principal
Amount") or such lesser amount as may then be outstanding at such date, with
interest payable at the Interest Rate, as hereinbelow defined, from the date
hereof until the Loan Payment Date.

1.    INTEREST PAYMENTS. Borrower promises to pay interest on the outstanding
      Principal Amount of this Note from the date hereof at the rate of ten
      percent (10%) per annum. Interest payments shall be calculated on the
      basis of a 365 day year. The interest payment will be due and payable
      through the Loan Payment Date.

<PAGE>

2.    DEFAULT. In the event of the continuation of any default in the payment of
      any interest or principal under this Note for a period of five (5) days
      after such payment becomes due, or upon the occurrence of any other "Event
      of Default" (as defined in the Security Agreement and after giving affect
      to any applicable notice and cure periods as specified in the Security
      Agreement) under the Security Agreement (as defined in Section 3 below),
      then the Lender may declare the entire unpaid principal amount
      outstanding, together with interest accrued thereon, immediately due and
      payable and/or increase the Interest Rate under this Note to the maximum
      interest rate permitted by applicable law.

3.    SECURITY. As security for the performance of Borrower's obligation under
      this Promissory Note, Borrower shall cooperate fully with Lender in
      executing any and all documents, including a UCC-1, necessary to secure
      this Promissory Note as a first priority security interest in all of
      Borrower's tangible and intangible assets, including all goodwill,
      intellectual property, agreements and Memoranda of Understanding, all as
      further provided in the Security Agreement of even date between the Lender
      and the Borrower (the "Security Agreement"). Lender will share the above
      security interest, on a pro rata basis, with NeuStar, Inc. and C5, LLC to
      the extent of the first priority security interests that each of NeuStar,
      Inc. and C5, LLC has in the above property of Borrower.

4.    PRINCIPAL REPAYMENT. Borrower promises to pay to the order of Lender the
      entire outstanding Principal Amount, and all accrued and unpaid interest,
      fees and costs on the Loan Payment Date.

5.    PAYMENT OF INTEREST AND PRINCIPAL. The Loan, including all outstanding
      principal and interest, shall be due and payable on the Loan Payment Date,
      except in the event Lender elects not to exercise the Purchase Option,
      described in the Loan Agreement (incorporated herein and made a part
      hereof) (hereinafter "Purchase Option"), then the Loan will be due and
      payable twelve months from the earlier of: (a) Lender's tendering to
      Borrower notice that Lender will not be exercising the Purchase Option or
      (b) the expiration of the Purchase Option.

      In the event Borrower elects not to exercise the Purchase Option, then the
      outstanding principal amount of the Loan will be reduced to One Hundred
      Thousand U.S. Dollars (U.S. $100,000.00), provided, however, if within one
      (1) year from such date, Borrower obtains financing from an unrelated
      third party, then the outstanding principal amount of the Loan, due and
      payable in accordance with the terms hereinabove, will be One Hundred
      Sixty Thousand U.S. Dollars (U.S. $160,000.00).

6.    PREPAYMENTS.

      (a) Borrower may prepay this Promissory Note in whole or in part at any
time prior to the Loan Payment Date, without penalty.

<PAGE>
            (b) Partial prepayments of this Promissory Note shall be applied
first to accrued and unpaid interest on the Principal Amount of this Promissory
Note and then to the Principal Amount then outstanding.

7.    WAIVER OF PRESENTMENT. Borrower and all endorsers, guarantors and all
      persons who are liable or who may hereafter become liable under this
      Promissory Note, jointly and severally, hereby expressly waive presentment
      for payment, demand, notice of nonpayment, notice of dishonor, protest of
      any dishonor, notice of protest, diligence in collection and notice of any
      other kind in connection with this Promissory Note, except where such
      waiver of presentment is in conflict with Section 7 hereof.

8.    GOVERNING LAW. This Note shall be construed in accordance with and
      governed by the internal laws and decisions of the State of Florida
      (without giving effect to choice of law principles).

9.    NOTICES. Any notice, demand, request or other communication which any
      party hereto may be required or may desire to give hereunder shall be
      sufficiently given (i) on the date of transmittal, if personally
      delivered, (ii) on the business day after transmittal, if sent by
      facsimile (with a confirming copy mailed by international air mail), and
      (iii) on the third day following posting if mailed postage prepaid, by
      registered air mail, addressed as follows:

                      If to Borrower:          Tralliance Corporation, Inc.
                                               220 Fifth Avenue
                                               20th floor
                                               New York, New York 10001
                                               Attention: President

                      If to Lender:            theglobe.com, Inc.
                                               110 East Broward Blvd, Suite 1400
                                               Fort Lauderdale, Fl.  33301
                                               Attention:  President

10.   MODIFICATION, WAIVER. No modification, waiver, amendment, discharge or
      change of this Note shall be valid unless the same is in writing and
      signed by the party against which the enforcement of such modification,
      waiver, amendment, discharge or change is sought.

11.   SUCCESSORS AND ASSIGNS. This Note shall inure to the benefit of and shall
      be binding on the parties hereto and their respective successors and
      assigns.

                                       3
<PAGE>

      The undersigned has executed this Note as of the day and year first set
forth above.

                                          Tralliance Corporation

                                          By:
                                             -----------------------------------
                                          Name: Ronald N. Andruff
                                          Title: President

                                       4

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