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                                                                    EXHIBIT 4.04
                                  iPLACE, INC.

                           2001 EQUITY INCENTIVE PLAN

                          As Adopted on AUGUST 24, 2001

1.  PURPOSE.  The purpose of this Plan is to provide incentives to attract,
retain and motivate eligible persons whose present and potential contributions
are important to the success of the Company, its Parent and Subsidiaries, by
offering them an opportunity to participate in the Company's future performance
through awards of Options, Restricted Stock and Stock Bonuses.  Capitalized
terms not defined in the text are defined in Section 22 hereof.  This Plan is
intended to be a written compensatory benefit plan within the meaning of Rule
701 promulgated under the Securities Act.

2.  SHARES SUBJECT TO THE PLAN.

    2.1  Number of Shares Available. Subject to Sections 2.2 and 17 hereof, the
         total number of Shares reserved and available for grant and issuance
         pursuant to this Plan will be 1,800,000 Shares. In addition, additional
         Shares will be available for grant and issuance under this Plan
         pursuant to the following two sentences. Subject to Sections 2.2 and 17
         hereof, Shares subject to Awards previously granted will again be
         available for grant and issuance in connection with future Awards under
         this Plan to the extent such Shares: (i) cease to be subject to
         issuance upon exercise of an Option, other than due to exercise of such
         Option; (ii) are subject to an Award granted hereunder, but the Shares
         subject to such Award are forfeited or are repurchased by the Company
         at the original issue price; or (iii) are subject to an Award that
         otherwise terminates without Shares being issued. At all times the
         Company will reserve and keep available a sufficient number of Shares
         as will be required to satisfy the requirements of all Awards granted
         and outstanding under this Plan.

    2.2  Adjustment of Shares. In the event of a dividend or other distribution
         (whether in the form of cash, Common Stock of the Company, other
         securities, or other property), recapitalization, reclassification,
         stock split, reverse stock split, reorganization, merger,
         consolidation, split-up, spin-off, combination, repurchase,
         liquidation, dissolution, or sale, transfer, exchange or other
         disposition of all or substantially all of the assets of the Company,
         or exchange of Common Stock or other securities of the Company,
         issuance of warrants or other rights to purchase Shares or other
         securities of the Company, or other similar corporate transaction or
         event, then (a) the number of Shares reserved for issuance under this
         Plan, (b) the Exercise Prices of and number of Shares subject to
         outstanding Options, and (c) the number of Shares subject to other
         outstanding Awards will be proportionately adjusted, subject to any
         required action by the Board or the stockholders of the Company and
         compliance with applicable securities laws; provided, however, that
         fractions of a Share will not be issued but will either be replaced by
         a cash payment equal to the Fair Market Value of such fraction of a
         Share or will be rounded up to the nearest whole Share, as determined
         by the Committee.

3.  ELIGIBILITY.  ISOs (as defined in Section 5 hereof) may be granted only to
employees (including officers and directors who are also employees) of the
Company or of a Parent or Subsidiary of the Company.  All other Awards may be
granted to employees, officers, directors, consultants, independent contractors
and advisers of the Company or any Parent or Subsidiary of the Company; provided
such consultants, contractors and advisers render bona fide services not in
connection with the offer and sale of securities in a capital-raising
transaction.  No person will be eligible to receive more than 520,000 Shares in
any calendar year under this Plan pursuant to the grant of Awards hereunder.  A
person may be granted more than one Award under this Plan.

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4.  ADMINISTRATION.

    4.1  Committee Authority. This Plan will be administered by the Committee or
         the Board if no Committee is created by the Board. Subject to the
         general purposes, terms and conditions of this Plan, and to the
         direction of the Board, the Committee will have full power to implement
         and carry out this Plan. Without limitation, the Committee will have
         the authority to:

         (a)  construe and interpret this Plan, any Award Agreement and any
              other agreement or document executed pursuant to this Plan;

         (b)  prescribe, amend and rescind rules and regulations relating to
              this Plan;

         (c)  approve persons to receive Awards;

         (d)  determine the form and terms of Awards;

         (e)  determine the number of Shares or other consideration subject to
              Awards;

         (f)  determine whether Awards will be granted singly, in combination
              with, in tandem with, in replacement of, or as alternatives to,
              other Awards under this Plan or awards under any other incentive
              or compensation plan of the Company or any Parent or Subsidiary of
              the Company;

         (g)  grant waivers of any conditions of this Plan or any Award;

         (h)  determine the terms of vesting, exerciseability and payment of
              Awards;

         (i)  correct any defect, supply any omission, or reconcile any
              inconsistency in this Plan, any Award, any Award Agreement or any
              Exercise Agreement:

         (j)  determine whether an Award has been earned; and

         (k)  make all other determinations necessary or advisable for the
              administration of this Plan.

    4.2  Committee Discretion. Unless in contravention of any express terms of
         this Plan or Award, any determination made by the Committee with
         respect to any Award will be made in its sole discretion either (i) at
         the time of grant of the Award, or (ii) subject to Section 5.9 hereof,
         at any later time. Any such determination will be final and binding on
         the Company and on all persons having an interest in any Award under
         this Plan. The Committee may delegate to one or more officers of the
         Company the authority to grant an Award under this Plan to Participants
         who are not Insiders of the Company.

5.  OPTIONS.  The Committee may grant Options to eligible persons described in
Section 3 hereof and will determine whether such Options will be Incentive Stock
Options within the meaning of the Code ("ISOS") or Nonqualified Stock Options
("NQSOs"), the number of Shares subject to the Option, the Exercise Price of the
Option, the period during which the Option may be exercised, and all other terms
and conditions of the Option, subject to the following:

    5.1  Form of Option Grant. Each Option granted under this Plan will be
         evidenced by an Award Agreement which will expressly identify the
         Option as an ISO or an NQSO ("STOCK OPTION AGREEMENT"), and will be in
         such form and contain such provisions (which need not be the same

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         for each Participant) as the Committee may from time to time approve,
         and which will comply with and be subject to the terms and conditions
         of this Plan.

    5.2  Date of Grant. The date of grant of an Option will be the date on which
         the Committee makes the determination to grant such Option, unless a
         later date is otherwise specified by the Committee. The Stock Option
         Agreement and a copy of this Plan will be delivered to the Participant
         within a reasonable time after the granting of the Option.

    5.3  Exercise Period. Options may be exercisable within the times or upon
         the events determined by the Committee as set forth in the Stock Option
         Agreement governing such Option; provided, however, that no Option will
         be exercisable after the expiration of ten (10) years from the date the
         Option is granted; and provided further that no ISO granted to a person
         who directly or by attribution owns more than ten percent (10%) of the
         total combined voting power of all classes of stock of the Company or
         of any Parent or Subsidiary of the Company ("TEN PERCENT STOCKHOLDER")
         will be exercisable after the expiration of five (5) years from the
         date the ISO is granted. The Committee also may provide for Options to
         become exercisable at one time or from time to time, periodically or
         otherwise, in such number of Shares or percentage of Shares as the
         Committee determines.

    5.4  Exercise Price. The Exercise Price of an Option will be determined by
         the Committee when the Option is granted and may not be less than
         eighty-five percent (85%) of the Fair Market Value of the Shares on the
         date of grant; provided that (i) the Exercise Price of an ISO will not
         be less than one hundred percent (100%) of the Fair Market Value of the
         Shares on the date of grant and (ii) the Exercise Price of any Option
         granted to a Ten Percent Stockholder will not be less than one hundred
         ten percent (110%) of the Fair Market Value of the Shares on the date
         of grant. Payment for the Shares purchased must be made in accordance
         with Section 7 hereof.

    5.5  Method of Exercise. Options may be exercised only by delivery to the
         Company of a written stock option exercise agreement (the "EXERCISE
         AGREEMENT") in a form approved by the Committee (which need not be the
         same for each Participant). The Exercise Agreement will state (i) the
         number of Shares being purchased, (ii) the restrictions imposed on the
         Shares purchased under such Exercise Agreement, if any, and (iii) such
         representations and agreements regarding Participant's investment
         intent and access to information and other matters, if any, as may be
         required or desirable by the Company to comply with applicable
         securities laws. Participant shall execute and deliver to the Company
         the Exercise Agreement together with payment in full of the Exercise
         Price, and any applicable taxes, for the number of Shares being
         purchased.

    5.6  Termination. Subject to earlier termination pursuant to Sections 18 and
         19 hereof and notwithstanding the exercise periods set forth in the
         Stock Option Agreement, exercise of an Option will always be subject to
         the following:

         (a)  If the Participant is Terminated for any reason other than death,
              Disability or for Cause, then the Participant may exercise such
              Participant's Options only to the extent that such Options are
              exercisable upon the Termination Date. Such Options must be
              exercised by the Participant, if at all, as to all or some of the
              Vested Shares calculated as of the Termination Date, within three
              (3) months after the Termination Date (or within such shorter time
              period, not less than thirty (30) days, or within such longer time
              period, not exceeding five (5) years, after the Termination Date
              as may be determined by the

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              Committee, with any exercise beyond three (3) months after the
              Termination Date deemed to be an NQSO) but in any event, no later
              than the expiration date of the Options.

         (b)  If the Participant is Terminated because of Participant's death or
              Disability (or the Participant dies within three (3) months after
              a Termination other than for Cause), then Participant's Options
              may be exercised only to the extent that such Options are
              exercisable by Participant on the Termination Date. Such options
              must be exercised by Participant (or Participant's legal
              representative or authorized assignee), if at all, as to all or
              some of the Vested Shares calculated as of the Termination Date,
              within twelve (12) months after the Termination Date (or within
              such shorter time period, not less than six (6) months, or within
              such longer time period, not exceeding five (5) years, after the
              Termination Date as may be determined by the Committee, with any
              exercise beyond (i) three (3) months after the Termination Date
              when the Termination is for any reason other than the
              Participant's death or disability, within the meaning of Section
              22(e)(3) of the Code, or (ii) twelve (12) months after the
              Termination Date when the Termination is for Participant's
              disability, within the meaning of Section 22(e)(3) of the Code,
              deemed to be an NQSO) but in any event no later than the
              expiration date of the Options.

         (c)  Notwithstanding the provisions in paragraph 5.6(a) above, if a
              Participant is terminated for Cause, then the Participant, the
              Participant's estate or such other person who may then hold the
              Options may exercise such Participant's Options, only to the
              extent that such Option would have been exercisable upon the
              Termination Date, no later than one month after the Termination
              Date, but in any event, no later than the expiration date of the
              Options. In making such determination, the Board shall give the
              Participant an opportunity to present to the Board evidence on his
              behalf. For the purpose of this paragraph, termination of service
              shall be deemed to occur on the date when the Company dispatches
              notice or advice to the Participant that his service is
              terminated.

    5.7  Limitations on Exercise. The Committee may specify a reasonable minimum
         number of Shares that may be purchased on any exercise of an Option,
         provided that such minimum number will not prevent Participant from
         exercising the Option for the full number of Shares for which it is
         then exercisable.

    5.8  Limitations on ISOs. The aggregate Fair Market Value (determined as of
         the date of grant) of Shares with respect to which ISOs are exercisable
         for the first time by a Participant during any calendar year (under
         this Plan or under any other incentive stock option plan of the Company
         or any Parent or Subsidiary of the Company) will not exceed One Hundred
         Thousand Dollars ($100,000). If the Fair Market Value of Shares on the
         date of grant with respect to which ISOs are exercisable for the first
         time by a Participant during any calendar year exceeds One Hundred
         Thousand Dollars ($100,000), then the Options for the first One Hundred
         Thousand Dollars ($100,000) worth of Shares to become exercisable in
         such calendar year will be ISOs and the Options for the amount in
         excess of One Hundred Thousand Dollars ($100,000) that become
         exercisable in that calendar year will be NQSOs. In the event that the
         Code or the regulations promulgated thereunder are amended after the
         Effective Date (as defined in Section 18 hereof) to provide for a
         different limit on the Fair Market Value of Shares permitted to be
         subject to ISOs, then such different limit will be automatically
         incorporated herein and will apply to any Options granted after the
         effective date of such amendment.

    5.9  Modification, Extension or Renewal. The Committee may modify, extend or
         renew outstanding Options and authorize the grant of new Options in
         substitution therefor, provided that any such

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         action may not, without the written consent of a Participant, impair
         any of such Participant's rights under any Option previously granted.
         Any outstanding ISO that is modified, extended, renewed or otherwise
         altered will be treated in accordance with Section 424(h) of the Code.
         Subject to Section 5.10 hereof, the Committee may reduce the Exercise
         Price of outstanding Options without the consent of Participants by a
         written notice to them; provided, however, that the Exercise Price may
         not be reduced below the minimum Exercise Price that would be permitted
         under Section 5.4 hereof for Options granted on the date the action is
         taken to reduce the Exercise Price; provided, further, that the
         Exercise Price will not be reduced below the par value of the Shares,
         if any.

    5.10 No Disqualification. Notwithstanding any other provision in this Plan,
         no term of this Plan relating to ISOs will be interpreted, amended or
         altered, nor will any discretion or authority granted under this Plan
         be exercised, so as to disqualify this Plan under Section 422 of the
         Code or, without the consent of the Participant, to disqualify any
         Participant's ISO under Section 422 of the Code.

6.  RESTRICTED STOCK.  A Restricted Stock Award is an offer by the Company to
sell to an eligible person Shares that are subject to certain specified
restrictions.  The Committee will determine to whom an offer will be made, the
number of Shares the person may purchase, the Purchase Price, the restrictions
to which the Shares will be subject, and all other terms and conditions of the
Restricted Stock Award, subject to the following:

    6.1  Form of Restricted Stock Award. All purchases under a Restricted Stock
         Award made pursuant to this Plan will be evidenced by an Award
         Agreement ("RESTRICTED STOCK PURCHASE AGREEMENT") that will be in such
         form (which need not be the same for each Participant) as the Committee
         will from time to time approve, and will comply with and be subject to
         the terms and conditions of this Plan. The Restricted Stock Award will
         be accepted by the Participant's execution and delivery of the
         Restricted Stock Purchase Agreement and full payment for the Shares to
         the Company within thirty (30) days from the date the Restricted Stock
         Purchase Agreement is delivered to the person. If such person does not
         execute and deliver the Restricted Stock Purchase Agreement along with
         full payment for the Shares to the Company within such thirty (30)
         days, then the offer will terminate, unless otherwise determined by the
         Committee.

    6.2  Purchase Price. The Purchase Price of Shares sold pursuant to a
         Restricted Stock Award will be determined by the Committee and will be
         at least eighty-five percent (85%) of the Fair Market Value of the
         Shares on the date the Restricted Stock Award is granted or at the time
         the purchase is consummated, except in the case of a sale to a Ten
         Percent Stockholder, in which case the Purchase Price will be one
         hundred percent (100%) of the Fair Market Value on the date the
         Restricted Stock Award is granted or at the time the purchase is
         consummated. Payment of the Purchase Price must be made in accordance
         with Section 8 hereof.

    6.3  Terms of Restricted Stock Awards. Restricted Stock Awards shall be
         subject to such restrictions as the Committee may impose. These
         restrictions may be based upon completion of a specified number of
         years of service with the Company or upon completion of the performance
         goals as set out in advance in the Participant's individual Restricted
         Stock Purchase Agreement. Restricted Stock Awards may vary from
         Participant to Participant and between groups of Participants. Prior to
         the grant of a Restricted Stock Award, the Committee shall: (a)
         determine the nature, length and starting date of any Performance
         Period for the Restricted Stock Award; (b) select from among the
         Performance Factors to be used to measure performance goals, if any;
         and (c) determine the number of Shares that may be awarded to the
         Participant. Prior to the

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         payment of any Restricted Stock Award, the Committee shall determine
         the extent to which such Restricted Stock Award has been earned.
         Performance Periods may overlap and Participants may participate
         simultaneously with respect to Restricted Stock Awards that are subject
         to different Performance Periods and having different performance goals
         and other criteria.

    6.4  Termination During Performance Period. If a Participant is Terminated
         during a Performance Period for any reason, then such Participant will
         be entitled to payment (whether in Shares, cash or otherwise) with
         respect to the Restricted Stock Award only to the extent earned as of
         the date of Termination in accordance with the Restricted Stock
         Purchase Agreement, unless the Committee will determine otherwise.

7.  STOCK BONUSES.

    7.1  Awards of Stock Bonuses. A Stock Bonus is an award of Shares (which may
         consist of Restricted Stock) for services rendered to the Company or
         any Parent or Subsidiary of the Company. A Stock Bonus may be awarded
         for past services already rendered to the Company, or any Parent or
         Subsidiary of the Company pursuant to an Award Agreement (the "Stock
         Bonus Agreement") that will be in such form (which need not be the same
         for each Participant) as the Committee will from time to time approve,
         and will comply with and be subject to the terms and conditions of this
         Plan. A Stock Bonus may be awarded upon satisfaction of such
         performance goals as are set out in advance in the Participant's
         individual Award Agreement (the "Performance Stock Bonus Agreement")
         that will be in such form (which need not be the same for each
         Participant) as the Committee will from time to time approve, and will
         comply with and be subject to the terms and conditions of this Plan.
         Stock Bonuses may vary from Participant to Participant and between
         groups of Participants, and may be based upon the achievement of the
         Company, Parent or Subsidiary and/or individual performance factors or
         upon such other criteria as the Committee may determine.

    7.2  Terms of Stock Bonuses. The Committee will determine the number of
         Shares to be awarded to the Participant. If the Stock Bonus is being
         earned upon the satisfaction of performance goals pursuant to a
         Performance Stock Bonus Agreement, then the Committee will: (a)
         determine the nature, length and starting date of any Performance
         Period for each Stock Bonus; (b) select from among the Performance
         Factors to be used to measure the performance, if any; and (c)
         determine the number of Shares that may be awarded to the Participant.
         Prior to the payment of any Stock Bonus, the Committee shall determine
         the extent to which such Stock Bonuses have been earned. Performance
         Periods may overlap and Participants may participate simultaneously
         with respect to Stock Bonuses that are subject to different Performance
         Periods and different performance goals and other criteria. The number
         of Shares may be fixed or may vary in accordance with such performance
         goals and criteria as may be determined by the Committee. The Committee
         may adjust the performance goals applicable to the Stock Bonuses to
         take into account changes in law and accounting or tax rules and to
         make such adjustments as the Committee deems necessary or appropriate
         to reflect the impact of extraordinary or unusual items, events or
         circumstances to avoid windfalls or hardships.

    7.3  Form of Payment. The earned portion of a Stock Bonus may be paid
         currently or on a deferred basis with such interest or dividend
         equivalent, if any, as the Committee may determine. Payment may be made
         in the form of cash or whole Shares or a combination thereof, either in
         a lump sum payment or in installments, all as the Committee will
         determine.

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8.  PAYMENT FOR SHARE PURCHASES.

    8.1  Payment. Payment for Shares purchased pursuant to this Plan may be made
         in cash (by check) or, where expressly approved for the Participant by
         the Committee and where permitted by law:

         (a) by cancellation of indebtedness of the Company owed to the
             Participant;

         (b) by surrender of shares that: (i) either (A) have been owned by
             Participant for more than six (6) months and have been paid for
             within the meaning of SEC Rule 144 (and, if such shares were
             purchased from the Company by use of a promissory note, such note
             has been fully paid with respect to such shares) or (B) were
             obtained by Participant in the public market and (ii) are clear of
             all liens, claims, encumbrances or security interests;

         (c) by tender of a full recourse promissory note having such terms as
             may be approved by the Committee and bearing interest at a rate
             sufficient to avoid imputation of income under Sections 483 and
             1274 of the Code; provided, however, that Participants who are not
             employees or directors of the Company will not be entitled to
             purchase Shares with a promissory note unless the note is
             adequately secured by collateral other than the Shares;

         (d) by waiver of compensation due or accrued to the Participant from
             the Company for services rendered;

         (e) with respect only to purchases upon exercise of an Option, and
             provided that a public market for the Company's stock exists:

         through a "same day sale" commitment from the Participant and a broker-
         dealer that is a member of the National Association of Securities
         Dealers (an "NASD Dealer") whereby the Participant irrevocably elects
         to exercise the Option and to sell a portion of the Shares so purchased
         sufficient to pay the total Exercise Price, and whereby the NASD Dealer
         irrevocably commits upon receipt of such Shares to forward the total
         Exercise Price directly to the Company; or

         through a "margin" commitment from the Participant and an NASD Dealer
         whereby the Participant irrevocably elects to exercise the Option and
         to pledge the Shares so purchased to the NASD Dealer in a margin
         account as security for a loan from the NASD Dealer in the amount of
         the total Exercise Price, and whereby the NASD Dealer irrevocably
         commits upon receipt of such Shares to forward the total Exercise Price
         directly to the Company; or

         (f)  by any combination of the foregoing.

    8.2  Loan Guarantees. The Committee may, in its sole discretion, elect to
         assist the Participant in paying for Shares purchased under this Plan
         by authorizing a guarantee by the Company of a third-party loan to the
         Participant.

9.  WITHHOLDING TAXES.

    9.1  Withholding Generally. Whenever Shares are to be issued in satisfaction
         of Awards granted under this Plan, the Company may require the
         Participant to remit to the Company an amount sufficient to satisfy
         federal, state and local withholding tax requirements prior to the
         delivery of any certificate or certificates for such Shares. Whenever,
         under this Plan, payments in satisfaction of Awards are to be made in
         cash by the Company, such payment will be net of an amount sufficient
         to satisfy federal, state, and local withholding tax requirements.

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    9.2  Stock Withholding. When, under applicable tax laws, a Participant
         incurs tax liability in connection with the exercise or vesting of any
         Award that is subject to tax withholding and the Participant is
         obligated to pay the Company the amount required to be withheld, the
         Committee may in its sole discretion allow the Participant to satisfy
         the minimum withholding tax obligation by electing to have the Company
         withhold from the Shares to be issued that number of Shares having a
         Fair Market Value equal to the minimum amount required to be withheld,
         determined on the date that the amount of tax to be withheld is to be
         determined. All elections by a Participant to have Shares withheld for
         this purpose will be made in accordance with the requirements
         established by the Committee for such elections and be in writing in a
         form acceptable to the Committee.

10. PRIVILEGES OF STOCK OWNERSHIP.

    10.1 Voting and Dividends. No Participant will have any of the rights of a
         stockholder with respect to any Shares until the Shares are issued to
         the Participant. After Shares are issued to the Participant, the
         Participant will be a stockholder and have all the rights of a
         stockholder with respect to such Shares, including the right to vote
         and receive all dividends or other distributions made or paid with
         respect to such Shares; provided, that if such Shares are Restricted
         Stock, then any new, additional or different securities the Participant
         may become entitled to receive with respect to such Shares by virtue of
         a stock dividend, stock split or any other change in the corporate or
         capital structure of the Company will be subject to the same
         restrictions as the Restricted Stock. The Participant will have no
         right to retain such stock dividends or stock distributions with
         respect to Unvested Shares that are repurchased pursuant to Section 10
         hereof.

    10.2 Financial Statements. The Company will provide financial statements to
         each Participant prior to such Participant's purchase of Shares under
         this Plan, and to each Participant annually during the period such
         Participant has Awards outstanding; provided, however, the Company will
         not be required to provide such financial statements to Participants
         whose services in connection with the Company assure them access to
         equivalent information.

    10.3 Restrictions on Shares. At the discretion of the Committee, the Company
         may reserve to itself and/or its assignee(s) in the Award Agreement a
         right to repurchase a portion of or all Unvested Shares held by a
         Participant following such Participant's Termination at any time within
         ninety (90) days after the later of Participant's Termination Date and
         the date Participant purchases Shares under this Plan, for cash and/or
         cancellation of purchase money indebtedness, at the Participant's
         Exercise Price or Purchase Price, as the case may be.

11. TRANSFERABILITY.

    11.1 Except as otherwise provided in this Section 11, Awards granted under
         this Plan, and any interest therein, will not be transferable or
         assignable by Participant, and may not be made subject to execution,
         attachment or similar process, otherwise than by will or by the laws of
         descent and distribution or as determined by the Committee and set
         forth in the Award Agreement with respect to Awards that are not ISOs.

    11.2 All Awards other than NQSO's. All Awards other than NQSO's shall be
         exercisable: (i) during the Participant's lifetime, only by (A) the
         Participant, or (B) the Participant's guardian or legal representative;
         and (ii) after Participant's death, by the legal representative of the
         Participant's heirs or legatees.

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     11.3  NQSOs. Unless otherwise restricted by the Committee, an NQSO shall be
           exercisable: (i) during the Participant's lifetime only by (A) the
           Participant, (B) the Participant's guardian or legal representative,
           (C) a Family Member of the Participant who has acquired the NQSO by
           "permitted transfer;" and (ii) after Participant's death, by the
           legal representative of the Participant's heirs or legatees.
           "Permitted transfer" means, as authorized by this Plan and the
           Committee in an NQSO, any transfer effected by the Participant during
           the Participant's lifetime of an interest in such NQSO but only such
           transfers which are by gift or domestic relations order. A permitted
           transfer does not include any transfer for value and neither of the
           following are transfers for value: (a) a transfer of under a domestic
           relations order in settlement of marital property rights or (b) a
           transfer to an entity in which more than fifty percent of the voting
           interests are owned by Family Members or the Participant in exchange
           for an interest in that entity.

12.  CERTIFICATES.  All certificates for Shares or other securities delivered
under this Plan will be subject to such stock transfer orders, legends and other
restrictions as the Committee may deem necessary or advisable, including
restrictions under any applicable federal, state or foreign securities law, or
any rules, regulations and other requirements of the SEC or any stock exchange
or automated quotation system upon which the Shares may be listed or quoted.

13.  ESCROW; PLEDGE OF SHARES.  To enforce any restrictions on a Participant's
Shares, the Committee may require the Participant to deposit all certificates
representing Shares, together with stock powers or other instruments of transfer
approved by the Committee, appropriately endorsed in blank, with the Company or
an agent designated by the Company to hold in escrow until such restrictions
have lapsed or terminated.  The Committee may cause a legend or legends
referencing such restrictions to be placed on the certificates.  Any Participant
who is permitted to execute a promissory note as partial or full consideration
for the purchase of Shares under this Plan will be required to pledge and
deposit with the Company all or part of the Shares so purchased as collateral to
secure the payment of Participant's obligation to the Company under the
promissory note; provided, however, that the Committee may require or accept
other or additional forms of collateral to secure the payment of such obligation
and, in any event, the Company will have full recourse against the Participant
under the promissory note notwithstanding any pledge of the Participant's Shares
or other collateral.  In connection with any pledge of the Shares, Participant
will be required to execute and deliver a written pledge agreement in such form
as the Committee will from time to time approve.  The Shares purchased with the
promissory note may be released from the pledge on a pro rata basis as the
promissory note is paid.

14.  EXCHANGE AND BUYOUT OF AWARDS.  The Committee may, at any time or from time
to time, authorize the Company, with the consent of the respective Participants,
to issue new Awards in exchange for the surrender and cancellation of any or all
outstanding Awards.  The Committee may at any time buy from a Participant an
Award previously granted with payment in cash, shares of Common Stock of the
Company (including Restricted Stock) or other consideration, based on such terms
and conditions as the Committee and the Participant may agree.

15.  SECURITIES LAW AND OTHER REGULATORY COMPLIANCE.  An Award will not be
effective unless such Award is in compliance with all applicable federal and
state securities laws, rules and regulations of any governmental body, and the
requirements of any stock exchange or automated quotation system upon which the
Shares may then be listed or quoted, as they are in effect on the date of grant
of the Award and also on the date of exercise or other issuance.
Notwithstanding any other provision in this Plan, the Company will have no
obligation to issue or deliver certificates for Shares under this Plan prior to
(i) obtaining any approvals from governmental agencies that the Company
determines are necessary or advisable, and/or (ii) compliance with any
exemption, completion of any registration or other qualification of such Shares
under any

                                       9
<PAGE>

state or federal law or ruling of any governmental body that the Company
determines to be necessary or advisable. The Company will be under no obligation
to register the Shares with the SEC or to effect compliance with the exemption,
registration, qualification or listing requirements of any state securities
laws, stock exchange or automated quotation system, and the Company will have no
liability for any inability or failure to do so.

16.  NO OBLIGATION TO EMPLOY.  Nothing in this Plan or any Award granted under
this Plan will confer or be deemed to confer on any Participant any right to
continue in the employ of, or to continue any other relationship with, the
Company or any Parent or Subsidiary of the Company or limit in any way the right
of the Company or any Parent or Subsidiary of the Company to terminate
Participant's employment or other relationship at any time, with or without
Cause.

17.  CORPORATE TRANSACTIONS.

     17.1  Assumption or Replacement of Awards by Successor. In the event of (a)
           a dissolution or liquidation of the Company, (b) a merger or
           consolidation in which the Company is not the surviving corporation
           (other than a merger or consolidation with a wholly-owned subsidiary,
           a reincorporation of the Company in a different jurisdiction, or
           other transaction in which there is no substantial change in the
           stockholders of the Company or their relative stock holdings and the
           Awards granted under this Plan are assumed, converted or replaced by
           the successor corporation, which assumption will be binding on all
           Participants), (c) a merger in which the Company is the surviving
           corporation but after which the stockholders of the Company
           immediately prior to such merger (other than any stockholder that
           merges, or which owns or controls another corporation that merges,
           with the Company in such merger) cease to own their shares or other
           equity interest in the Company, (d) the sale of substantially all of
           the assets of the Company, or (e) the acquisition, sale, or transfer
           of more than 50% of the outstanding shares of capital stock of the
           Company by tender offer or similar transaction, any or all
           outstanding Awards may be assumed, converted or replaced by the
           successor or acquiring corporation (if any), or a parent or
           subsidiary thereof, or shall be substituted for by similar options,
           rights or awards covering the stock of the successor or survivor
           corporation, or a parent or subsidiary thereof, with appropriate
           adjustments as to the number and kind of shares and prices, which
           assumption, conversion or replacement will be binding on all
           Participants. In the alternative, the successor or acquiring
           corporation may substitute equivalent Awards or provide substantially
           similar consideration to Participants as was provided to stockholders
           (after taking into account the existing provisions of the Awards).
           The successor or acquiring corporation may also issue, in place of
           outstanding Shares of the Company held by the Participants,
           substantially similar shares or other property subject to repurchase
           restrictions no less favorable to the Participant. In the event such
           successor or acquiring corporation (if any) refuses to assume or
           substitute Awards, as provided above, pursuant to a transaction
           described in this Subsection 17.1, such Awards will expire on such
           transaction at such time and on such conditions as the Committee will
           determine. Notwithstanding anything in this Plan to the contrary, the
           Committee may, in its sole discretion, provide that the vesting of
           any or all Awards granted pursuant to this Plan will accelerate upon
           a transaction described in this Section 17. If the Committee
           exercises such discretion with respect to Options, such Options will
           become exercisable in full prior to the consummation of such event at
           such time and on such conditions as the Committee determines, and if
           such Options are not exercised prior to the consummation of the
           corporate transaction, they shall terminate at such time as
           determined by the Committee.

     Without limiting the generality of the foregoing, as soon as practicable
     following the consummation of the Homestore Acquisition, this Plan shall be
     assumed by Homestore.com and the then outstanding

                                       10
<PAGE>

     Awards under the Plan shall be exchanged for options to purchase shares of
     common stock of Homestore.com at the exchange ratio of .1932 Homestore
     Options for each iPlace Option issued pursuant to this Plan; provided,
     however, that if the Homestore Acquisition does not occur, all Awards
     issued hereunder shall be forfeited.

     17.2  [Reserved].

     17.3  Assumption of Awards by the Company. The Company, from time to time,
           also may substitute or assume outstanding awards granted by another
           company, whether in connection with an acquisition of such other
           company or otherwise, by either; (a) granting an Award under this
           Plan in substitution of such other company's award; or (b) assuming
           such award as if it had been granted under this Plan if the terms of
           such assumed award could be applied to an Award granted under this
           Plan. Such substitution or assumption will be permissible if the
           holder of the substituted or assumed award would have been eligible
           to be granted an Award under this Plan if the other company had
           applied the rules of this Plan to such grant. In the event the
           Company assumes an award granted by another company, the terms and
           conditions of such award will remain unchanged (except that the
           exercise price and the number and nature of Shares issuable upon
           exercise of any such option will be adjusted appropriately pursuant
           to Section 424(a) of the Code). In the event the Company elects to
           grant a new Option rather than assuming an existing option, such new
           Option may be granted with a similarly adjusted Exercise Price.

     17.4  Effect of Homestore Acquisition. Notwithstanding any other provision
           in this Plan to the contrary, from and after the consummation of the
           Homestore Acquisition, the following restrictions shall apply with
           respect to the grant of Awards under this plan:

           (a)  ISOs may not be granted under this Plan; and

           (b)  Except as provided in the following sentence, no member of the
                Board nor any Officer may be granted Awards under this Plan.
                Notwithstanding the preceding sentence, an Officer may be
                granted an Award under this Plan if he or she is granted such
                Award in connection with his or her initial commencement of
                employment with the Company and such grant is an essential
                inducement to his or her entering into a contract of employment
                with the Company.

18.  ADOPTION AND STOCKHOLDER APPROVAL.  This Plan will become effective upon
adoption by the Board (the "Effective Date").  This Plan shall be approved by
the stockholders of the Company (excluding Shares issued pursuant to this Plan),
consistent with applicable laws, within twelve (12) months before or after the
date this Plan is adopted by the Board.  Upon the Effective Date, the Committee
may grant Awards pursuant to this Plan; provided, however, that: (a) no Option
may be exercised prior to initial stockholder approval of this Plan; (b) no
Option granted pursuant to an increase in the number of Shares subject to this
Plan approved by the Board will be exercised prior to the time such increase has
been approved by the stockholders of the Company; (c) in the event that initial
stockholder approval is not obtained within the time period provided herein, all
Awards granted hereunder shall be cancelled, any Shares issued pursuant to any
Awards shall be cancelled and any purchase of Shares issued hereunder shall be
rescinded; and (d) in the event that stockholder approval of such increase is
not obtained within the time period provided herein, all Awards granted pursuant
to such increase will be cancelled, any Shares issued pursuant to any Award
granted pursuant to such increase will be cancelled, and any purchase of Shares
pursuant to such increase will be rescinded.

19.  TERM OF PLAN/GOVERNING LAW.  Unless earlier terminated as provided herein,
this Plan will terminate ten (10) years from the Effective Date or, if earlier,
the date of stockholder approval.  This Plan and

                                       11
<PAGE>

all agreements hereunder shall be governed by and construed in accordance with
the laws of the State of California.

20.  AMENDMENT OR TERMINATION OF PLAN.  The Board may at any time terminate or
amend this Plan in any respect, including without limitation amendment of any
form of Award Agreement or instrument to be executed pursuant to this Plan;
provided, however, that the Board will not, without the approval of the
stockholders of the Company, amend this Plan in any manner that requires such
stockholder approval.

21.  NONEXCLUSIVITY OF THE PLAN.  Neither the adoption of this Plan by the
Board, the submission of this Plan to the stockholders of the Company for
approval, nor any provision of this Plan will be construed as creating any
limitations on the power of the Board to adopt such additional compensation
arrangements as it may deem desirable, including, without limitation, the
granting of stock options and other equity awards otherwise than under this
Plan, and such arrangements may be either generally applicable or applicable
only in specific cases.

22.  DEFINITIONS.  As used in this Plan, the following terms will have the
following meanings:

     "AWARD" means any award under this Plan, including any Option, Restricted
Stock Award, or Stock Bonus.

     "AWARD AGREEMENT" means, with respect to each Award, the signed written
agreement between the Company and the Participant setting forth the terms and
conditions of the Award, including the Stock Option Agreement and Restricted
Stock Agreement.

     "BOARD" means the Board of Directors of the Company.

     "CAUSE" means the commission of an act of theft, embezzlement, fraud,
dishonesty or a breach of fiduciary duty to the Company or a Parent or
Subsidiary of the Company.

     "CODE" means the Internal Revenue Code of 1986, as amended.

     "COMMITTEE" means the committee created and appointed by the Board to
administer this Plan, or if no committee is created and appointed, the Board.

     "COMPANY" means iPlace, Inc.

     "DISABILITY" means a disability, whether temporary or permanent, partial or
total, as determined by the Committee.  For ISO purposes, "Disability" means a
disability within the meaning of Code Section 22(e)(3).

     "EXCHANGE ACT" means the Securities Exchange Act of 1934, as amended.

     "EXERCISE PRICE" means the price at which a holder of an Option may
purchase the Shares issuable upon exercise of the Option.

     "FAIR MARKET VALUE" means, as of any date, the value of a share of the
Company's Common Stock determined as follows:

     (a)  if such Common Stock is then quoted on the Nasdaq National Market, its
          closing price on the Nasdaq National Market on the date of
          determination as reported in The Wall Street Journal;

                                       12
<PAGE>

     (b)  if such Common Stock is publicly traded and is then listed on a
          national securities exchange, its closing price on the date of
          determination on the principal national securities exchange on which
          the Common Stock is listed or admitted to trading as reported in The
          Wall Street Journal;

     (c)  if such Common Stock is publicly traded but is not quoted on the
          Nasdaq National Market nor listed or admitted to trading on a national
          securities exchange, the average of the closing bid and asked prices
          on the date of determination as reported by The Wall Street Journal;
          or in the case of an Award made on the IPO Effective Date, the price
          per share at which shares of the Company's Common Stock are initially
          offered for sale to the public by the Company's underwriters in the
          initial public offering of the Company's Common Stock pursuant to a
          registration statement filed with the SEC under the Securities Act; or

     (d)  in the case of an Award made on the IPO Effective Date, the price per
          share at which shares of the Company's Common Stock are initially
          offered for sale to the public by the Company's underwriters in the
          initial public offering of the Company's Common Stock pursuant to a
          registration statement filed with the SEC under the Securities Act; or

     (e)  if none of the foregoing is applicable, by the Committee in good
          faith.

     "FAMILY MEMBER" includes any of the following:

     (a)  child, stepchild, grandchild, parent, stepparent, grandparent, spouse,
          former spouse, sibling, niece, nephew, mother-in-law, father-in-law,
          son-in-law, daughter-in-law, brother-in-law, or sister-in-law of the
          Participant, including any such person with such relationship to the
          Participant by adoption;

     (b)  any person (other than a tenant or employee) sharing the Participant's
          household;

     (c)  a trust in which the persons in (a) and (b) have more than fifty
          percent of the beneficial interest;

     (d)  a foundation in which the persons in (a) and (b) or the Participant
          control the management of assets;

     (e)  any other entity in which the persons in (a) and (b) or the
          Participant own more than fifty percent of the voting interest.

     "HOMESTORE ACQUISITION" means the purchase of the outstanding shares of the
Company's Common Stock and the entire issued share capital of iPlace, Inc. by
Homestore.com, Inc. or its subsidiary pursuant to a purchase or merger
agreement.

     "INSIDER" means an officer or director of the Company or any other person
whose transactions in the Company's Common Stock are subject to Section 16 of
the Exchange Act.

     "OFFICER" means a President, Secretary, Treasurer, Chairman of the Board,
Vice President, Assistant Secretary or Assistant Treasurer of the Company, as
such positions are described in the Company's Bylaws, any other person
designated an "officer" of the Company by the Board in accordance with the
Company's Bylaws or any person who is an "officer" within the meaning of Rule
16a-1(f) under the Exchange Act or Nasdaq Rule 4460(i).

                                       13
<PAGE>

     "OPTION" means an award of an option to purchase Shares pursuant to Section
5 hereof.

     "PARENT" means any corporation (other than the Company) in an unbroken
chain of corporations ending with the Company if each of such corporations other
than the Company owns stock representing fifty percent (50%) or more of the
total combined voting power of all classes of stock in one of the other
corporations in such chain.

     "PARTICIPANT" means a person who receives an Award under this Plan.

     "PERFORMANCE FACTORS" means the factors selected by the Committee from
among the following measures to determine whether the performance goals
established by the Committee and applicable to Awards have been satisfied:

     (a)  Net revenue and/or net revenue growth;

     (b)  Earnings before income taxes and amortization and/or earnings before
          income taxes and amortization growth;

     (c)  Operating income and/or operating income growth;

     (d)  Net income and/or net income growth;

     (e)  Earnings per share and/or earnings per share growth;

     (f)  Total stockholder return and/or total stockholder return growth;

     (g)  Return on equity;

     (h)  Operating cash flow return on income;

     (i)  Adjusted operating cash flow return on income;

     (j)  Economic value added; and

     (k)  Individual confidential business objectives.

     "PERFORMANCE PERIOD" means the period of service determined by the
Committee, not to exceed five years, during which years of service or
performance is to be measured for Restricted Stock Awards or Stock Bonuses.

     "PLAN" means this iPlace, Inc. 2001 Equity Incentive Plan, as amended from
time to time.

     "PURCHASE PRICE" means the price at which a Participant may purchase
Restricted Stock.

     "RESTRICTED STOCK" means Shares purchased pursuant to a Restricted Stock
Award.

     "RESTRICTED STOCK AWARD" means an award of Shares pursuant to Section 6
hereof.

     "SEC" means the Securities and Exchange Commission.

     "SECURITIES ACT" means the Securities Act of 1933, as amended.

                                       14
<PAGE>

     "SHARES" means shares of the Company's Common Stock, par value $0.001 per
share reserved for issuance under this Plan, as adjusted pursuant to Sections 2
and 17 hereof, and any successor security.

     "STOCK BONUS" means an award of Shares, or cash in lieu of Shares, pursuant
to Section 7.

     "SUBSIDIARY" means any corporation (other than the Company) in an unbroken
chain of corporations beginning with the Company if each of the corporations
other than the last corporation in the unbroken chain owns stock representing
fifty percent (50%) or more of the total combined voting power of all classes of
stock in one of the other corporations in such chain.

     "TERMINATION" or "TERMINATED" means, for purposes of this Plan with respect
to a Participant, that the Participant has for any reason ceased to provide
services as an employee, officer, director, consultant, independent contractor
or adviser to the Company or a Parent or Subsidiary of the Company.  A
Participant will not be deemed to have ceased to provide services in the case of
(i) sick leave, (ii) military leave, or (iii) any other leave of absence
approved by the Committee, provided that such leave is for a period of not more
than ninety (90) days (a) unless reinstatement (or, in the case of an employee
with an ISO, reemployment) upon the expiration of such leave is guaranteed by
contract or statute, or (b) unless provided otherwise pursuant to formal policy
adopted from time to time by the Company's Board and issued and promulgated in
writing.  In the case of any Participant on (i) sick leave, (ii) military leave
or (iii) an approved leave of absence, the Committee may make such provisions
respecting suspension of vesting of the Award while on leave from the Company or
a Parent or Subsidiary of the Company as it may deem appropriate, except that in
no event may an Option be exercised after the expiration of the term set forth
in the Stock Option Agreement.  The Committee will have sole discretion to
determine whether a Participant has ceased to provide services and the effective
date on which the Participant ceased to provide services (the "TERMINATION
DATE").

     "UNVESTED SHARES" means "Unvested Shares" as defined in the Award
Agreement.

     "VESTED SHARES" means "Vested Shares" as defined in the Award Agreement.

                                       15
<PAGE>

                                   APPENDIX A
                                       TO
                                  IPLACE, INC.
                           2001 EQUITY INCENTIVE PLAN

     To the extent an Award is made under the iPlace, Inc. (the "COMPANY")
2001 Equity Incentive Plan (the "PLAN") pursuant to the exemption provided for
in Section 25102(o) of the California Corporation's Code, the Plan shall be
deemed amended as follows:

     1.   Section 5.3 of the Plan shall include the following provision:

          Subject to earlier termination of the Option as provided herein, each
          Participant who is not an officer, director or consultant of the
          Company or of a Parent or Subsidiary of the Company shall have the
          right to exercise an Option granted hereunder at the rate of no less
          than twenty percent (20%) per year over five (5) years from the date
          such Option is granted.

     2.   Section 5.4 shall read in its entirety as follows:

          5.4  Exercise Price.  The Exercise Price of an Option will be
          determined by the Committee when the Option is granted and may not be
          less than eighty-five percent (85%) of the Fair Market Value of the
          Shares on the date of grant; provided that (i) the Exercise Price of
          an ISO will not be less than one hundred percent (100%) of the Fair
          Market Value of the Shares on the date of grant and (ii) the Exercise
          Price of any Option granted to a Ten Percent Shareholder will not be
          less than one hundred ten percent (110%) of the Fair Market Value of
          the Shares on the date of grant.  Payment for the Shares purchased
          must be made in accordance with Section 8 hereof.

     3.   Section 5.6 shall read in its entirety as follows:

          5.6  Termination.  Subject to earlier termination pursuant to Sections
          17 and 18 hereof and notwithstanding the exercise periods set forth in
          the Stock Option Agreement, exercise of an Option will always be
          subject to the following:

          (a)  If the Participant is Terminated for any reason other than death,
               Disability or for Cause, then the Participant may exercise such
               Participant's Options only to the extent that such Options are
               exercisable upon the Termination Date or as otherwise determined
               by the Committee.  Such Options must be exercised by the
               Participant, if at all, as to all or some of the Vested Shares
               calculated as of the Termination Date or such other date
               determined by the Committee, within three (3) months after the
               Termination Date (or within such shorter time period, not less
               than thirty (30) days, or within such longer time period, not
               exceeding five (5) years, after the Termination Date as may be
               determined by the Committee, with any exercise beyond three (3)
               months after the Termination Date deemed to be an NQSO) but in
               any event, no later than the expiration date of the Options.

          (b)  If the Participant is Terminated because of Participant's death
               or Disability (or the Participant dies within three (3) months
               after a Termination other than for Cause), then Participant's
               Options may be exercised only to the extent that such Options are
               exercisable by Participant on the Termination Date or as
               otherwise determined by the Committee.  Such options must be
               exercised by Participant (or Participant's legal

                                       16
<PAGE>

               representative or authorized assignee), if at all, as to all or
               some of the Vested Shares calculated as of the Termination Date
               or such other date determined by the Committee, within twelve
               (12) months after the Termination Date (or within such shorter
               time period, not less than six (6) months, or within such longer
               time period, not exceeding five (5) years, after the Termination
               Date as may be determined by the Committee, with any exercise
               beyond (i) three (3) months after the Termination Date when the
               Termination is for any reason other than the Participant's death
               or disability, within the meaning of Section 22(e)(3) of the
               Code, or (ii) twelve (12) months after the Termination Date when
               the Termination is for Participant's disability, within the
               meaning of Section 22(e)(3) of the Code, deemed to be an NQSO)
               but in any event no later than the expiration date of the
               Options.

          (c)  Notwithstanding the provisions in paragraph 5.6(a) above, if a
               Participant is terminated for Cause, then the Participant, the
               Participant's estate or such other person who may then hold the
               Options may exercise such Participant's Options, only to the
               extent that such Option would have been exercisable upon the
               Termination Date, no later than one month after the Termination
               Date, but in any event, no later than the expiration date of the
               Options.  In making such determination, the Board shall give the
               Participant an opportunity to present to the Board evidence on
               his behalf.  For the purpose of this paragraph, termination of
               service shall be deemed to occur on the date when the Company
               dispatches notice or advice to the Participant that his service
               is terminated.

     4.   Section 6.2 of the Plan shall read in its entirety as follows:

          6.2  Purchase Price.  The Purchase Price of Shares sold pursuant to a
          Restricted Stock Award will be determined by the Committee and will be
          at least eighty-five percent (85%) of the Fair Market Value of the
          Shares on the date the Restricted Stock Award is granted or at the
          time the purchase is consummated, except in the case of a sale to a
          Ten Percent Shareholder, in which case the Purchase Price will be one
          hundred percent (100%) of the Fair Market Value on the date the
          Restricted Stock Award is granted or at the time the purchase is
          consummated.  Payment of the Purchase Price must be made in accordance
          with Section 8 hereof.

     5.   Section 6.3 of the Plan shall include the following provision:

          Restricted Stock Awards may be subject to the restrictions set forth
          in Section 11 hereof or such other restrictions not inconsistent with
          Section 25102(o) of the California Corporations Code.

     6.   Section 9.2 of the Plan shall include the following provision:

          The Company will comply with Section 260.140.1 of Title 10 of the
          California Code of Regulations with respect to the voting rights of
          Common Stock.

     7.   Section 11.3 of the Plan shall read in its entirety as follows:

          11.3 Right of Repurchase.  At the discretion of the Committee, the
          Company may reserve to itself and/or its assignee(s) in the Award
          Agreement a right to repurchase Unvested Shares held by a Participant
          for cash and/or cancellation of purchase money indebtedness owed to
          the Company by the Participant following such Participant's
          Termination at any time within the later of ninety (90) days after the
          Participant's Termination Date and the date the Participant purchases
          Shares under the Plan at the Participant's Exercise Price or Purchase
          Price, as the case

                                       17
<PAGE>

          may be, provided that, unless the Participant is an officer, director
          or consultant of the Company or of a Parent or Subsidiary of the
          Company, such right of repurchase lapses at the rate of no less than
          twenty percent (20%) per year over five (5) years from: (a) the date
          of grant of the Option or (b) in the case of Restricted Stock, the
          date the Participant purchases the Shares.

     8.   A new Section 11.4 of the Plan shall be inserted in Section 11 of the
          Plan as follows:

          11.4 Financial Statements.  The Company will provide financial
          statements to each Participant annually during the period such
          Participant has Awards outstanding, or as otherwise required under
          Section 260.140.46 of Title 10 of the California Code of Regulations.
          Notwithstanding the foregoing, the Company will not be required to
          provide such financial statements to Participants when issuance is
          limited to key employees whose services in connection with the Company
          assure them access to equivalent information.

     10.  Section 19 of the Plan shall read in its entirety as follows:

          19.  TERM OF PLAN/GOVERNING LAW.  Unless earlier terminated as
provided herein, this Plan will terminate ten (10) years from the Effective Date
or, if earlier, the date of shareholder approval.  The Plan, Appendix A and all
agreements hereunder shall be governed by and construed in accordance with the
laws of the State of California.

     (the following sentence should be put at the end of Sec. 15 of the Plan)

     In the event an Award is granted to a California resident in reliance upon
Section 25102(o) of the California Corporation's Code, such grant shall be
governed by this Plan and the Appendix A, as attached hereto.

                                       18<PAGE>

                                                                    EXHIBIT 4.05

                         iPLACE 2000 STOCK OPTION PLAN

     1.  Purpose.  The iPlace 2000 Stock Option Plan (the "Plan") is intended to
attract, retain and motivate certain key employees of iPlace (the "Company"),
and its Subsidiaries and Affiliates (as such terms are defined below) through
the grant of nonqualified stock options (the "Options") to purchase shares of
common stock, par value $.01 per share, of the Company ("Common Stock").
Options are sometimes referred to herein as "Awards".

     2.  Definitions.  For purposes of the Plan, the following terms have the
following meanings:

          "Affiliate" means (i) MemberWorks or (ii) any other Person directly or
     indirectly controlling, controlled by or under common control with, the
     Company.  For purposes of this definition, "control" (including with
     correlative meanings, the terms "controlling", "controlled by" or "under
     common control with"), as used with respect to any Person, shall mean the
     possession, directly or indirectly, of the power to direct or cause the
     direction of the management and policies of such Person, whether through
     the ownership of voting securities or by contract or otherwise.

          "Agreement" means an agreement between the Company and a key employee
     of the Company or any of its Subsidiaries or Affiliates providing for the
     grant to such key employee of Options.

          "Applicable Value" as of any date of determination means (i) if the
     Company is a Public Company, Public Value and (ii) if the Company is not a
     Public Company, Fair Market Value.

          "Associate" has the meaning given such term in Rule 12b-2 under the
     1934 Act.

          "Beneficial owner" or "beneficially own" has the meaning given such
     term in Rule 13d-3 under the 1934 Act.

          "Beneficiary" or "Beneficiaries" means the person(s) designated by a
     Participant or his Permitted Transferee in writing to the Company to
     receive payments pursuant to the Plan upon the death of a Participant or
     his Permitted Transferee.  If no Beneficiary is so designated or if no
     Beneficiary is living at the time a payment is due pursuant to the Plan,
     payments shall be made to the estate of the Participant or Permitted
     Transferee.  The Participant or Permitted Transferee, as the case may be,
     shall have the right to change the designated Beneficiaries from time to
     time by written instrument filed with the Committee in accordance with such
     rules as may be specified by the Committee.

          "Board of Directors" means the Board of Directors of the Company.

          "Call Right" means the right of the Company, exercisable in accordance
     with Section 9(a) following termination of a Participant's employment, (i)
     to purchase, and to cause a Participant or his Permitted Transferee to
     sell, Option Shares beneficially owned by such Participant or his Permitted
     Transferee and (ii) to cause a Participant to surrender for cancellation,
     in consideration of the payment provided for in Section 9(a), unexercised
     Vested Options granted to such Participant pursuant to the Plan.

          "Commission" means the Securities and Exchange Commission.

          "Committee" has the meaning assigned to such term in Section 3.

                                       1
<PAGE>

          "Date of Grant" means the date of grant of an Award as set forth in
     the applicable Agreement.

          "Effective Date" has the meaning assigned to such term in Section 15.

          "Eligible Persons" means key employees of the Company, MemberWorks and
     any Subsidiary and Affiliate that is selected by the Company from time to
     time to participate in the Plan.

          "Encumbrance" means any lien, security interest, pledge, claim,
     option, right of first refusal, marital right or other encumbrance with
     respect to any share of Common Stock or any Option.

          "Fair Market Value" means the value of a share of Common Stock as
     determined in good faith by the Board of Directors or, under the
     circumstances described in Section 10, as determined in a written report to
     the Committee by an independent appraisal or investment banking firm
     selected by the Board of Directors.  For purposes of the definition of
     "Fair Market Value", the value to be determined by the Board of Directors
     or such appraisal or investment banking firm shall be the price per share
     at which a share of Common Stock would trade on a national securities
     exchange, NASDAQ or a similar market, after taking into account a discount
     for lack of liquidity and customary underwriting costs, expenses and
     commissions, and assuming the absence of any "takeover" or "change in
     control" premium.

          "Involuntary Transfer" means a transfer of a Participant's Options or
     Option Shares, or any portion of such Participant's interest therein, by
     operation of law including, without limitation, as a result of (i) a sale
     or other disposition by a trustee or debtor in possession appointed or
     retained in a bankruptcy case, (ii) a sale at any creditors' or judicial
     sale or (iii) a transfer arising out of a divorce or separation proceeding.

          "Legended Certificate" means a certificate evidencing a number of
     shares of Common Stock issued in connection with an Award and imprinted
     with a legend to indicate that (i) such shares are subject to the
     restrictions on transfer set forth in the Plan and the applicable Agreement
     and, to the extent applicable, the Transfer Restriction Agreement and (ii)
     if the offer and sale of such shares have not been registered under the
     1933 Act, such shares may be sold only pursuant to a registration statement
     under the 1933 Act or an exemption from registration under the 1933 Act
     that the Company has determined is available for such sale.

          "MemberWorks" means MemberWorks Incorporated, a Delaware corporation.

          "NASDAQ" means the National Association of Securities Dealers'
     Automated Quotation System.

          "1933 Act" means the Securities Act of 1933, as amended, and the rules
     and regulations of the Commission thereunder.

          "1934 Act" means the Securities Exchange Act of 1934, as amended, and
     the rules and regulations of the Commission thereunder.

          "Option Price" means, with respect to any Option, the exercise price
     per share of Common Stock, as determined by the Committee in its sole
     discretion and as set forth in the applicable Agreement.

          "Option Shares" means the shares of Common Stock acquired by a
     Participant upon exercise of an Option.

                                       2
<PAGE>

          "outstanding", with respect to any share of Common Stock, means, as of
     any date of determination, all shares that have been issued on or prior to
     such date, other than shares repurchased or otherwise reacquired by the
     Company or any Affiliate thereof, on or prior to such date.

          "Participant" means any Eligible Person who has been granted an Award.

          "Permanent Disability", with respect to any Participant, (i) shall be
     defined in the same manner as such term or a similar term is defined in an
     employment agreement applicable to the Participant, or (ii) in the case of
     a Participant who does not have an employment agreement that defines such
     term or a similar term, means a physical or mental disability or infirmity
     of the Participant, as determined by a physician of recognized standing
     selected by the Company, that prevents (or, in the opinion of such
     physician, is reasonably expected to prevent) the normal performance of the
     Participant's duties as an employee of the Company for any continuous
     period of 180 days, or for 180 days during any one-twelve month period.

          "Permitted Transferee" means, (A) with respect to outstanding shares
     of Common Stock held by any Participant, (i) any Person to whom such shares
     are transferred by will or the laws of descent and distribution or (ii) any
     Person that is treated as a "permitted transferee" under the Transfer
     Restriction Agreement, if applicable, and (B) with respect to Options, any
     Person (other than the Company) to whom an Option has been transferred in
     accordance with Section 7.

          "Person" means an individual, a partnership, a joint venture, a
     corporation, an association, a trust, an estate or other entity or
     organization, including a government or any department or agency thereof.

          "Prime Rate" means the rate which Citibank, N.A. announces from time
     to time at its principal office as its prime lending rate for domestic
     commercial loans, the Prime Rate to change when and as such prime lending
     rate changes.

          The Company shall be deemed to be a "Public Company" if, as of any
     date of determination, the aggregate number of shares of Common Stock that
     shall have been sold in Public Offerings shall equal not less than 15% of
     the then outstanding shares of Common Stock (as determined on a fully
     diluted basis).

          "Public Offering" means an underwritten public offering of equity
     securities of the Company, pursuant to an effective registration statement
     under the 1933 Act.

          The "Public Value" of a share of Common Stock on a given date shall be
     the average closing price of a share of Common Stock on such national
     securities exchange as may be designated by the Board of Directors or, in
     the event that the Common Stock is not listed for trading on a national
     securities exchange but is quoted on an automated quotation system, the
     average closing bid price per share of Common Stock on such automated
     quotation system (the "Average Closing Price") for the 30-day period ending
     on such date after taking into account a discount for customary brokerage
     fees and other transfer related fees and expenses.  The Average Closing
     Price of a share of Common Stock shall be determined by dividing (i) by
     (ii), where (i) shall equal the sum of the closing price for Common Stock
     on each day that the Common Stock was traded and a closing price was
     reported on such national securities exchange or such automated quotation
     system, as the case may be, during the 30-day period, and (ii) shall equal
     the number of days on which the Common Stock was traded and a closing price
     was reported on such national securities exchange or such automated
     quotation system, as the case may be, during the 30-day period.

                                       3
<PAGE>

          "Subsidiary" means any (i) corporation if 50% or more of the total
     combined voting power of all classes of stock is owned, either directly or
     indirectly, by the Company or another Subsidiary or (ii) limited liability
     company if 50% or more of the membership interests is owned, either
     directly or indirectly, by the Company or another Subsidiary.

          "Transfer Restriction Agreement" means a Transfer Restriction
     Agreement between the Company and a Participant in a form to be provided by
     the Committee, setting forth such transfer and other restrictions and
     conditions upon Option Shares as the Committee determines in its sole
     discretion are necessary or appropriate.

          "Vested Options" means, as of any date, Options which by their terms
     are exercisable on such date.

     3.  Administration of the Plan.

          (a)  Members of the Committee.  The Plan shall be administered, and
               Awards shall be granted hereunder, by a committee (the
               "Committee") of the Board of Directors comprised of at least
               three directors selected by the Board of Directors to administer
               the Plan.  The initial members of the Committee shall be Gary
               Johnson, Edward Ojdana and Stuart Siegel, who shall serve in such
               capacity until such time as the Board of Directors selects other
               directors to serve in such capacity.  Notwithstanding the
               foregoing, following the first registration of any equity
               security of the Company pursuant to Section 12 of the 1934 Act,
               the composition of the Committee may, in the discretion of the
               Board of Directors, be adjusted to the extent required in order
               for the Company to rely on the exemptive relief provided under
               Rule 16b-3, as it may be amended from time to time, promulgated
               pursuant to Section 16 of the 1934 Act.  No member of the Board
               of Directors or the Committee shall be liable for any action or
               determination under the Plan made in good faith.

          (b)  Authority of the Committee.  The Committee shall adopt such rules
               as it may deem appropriate in order to carry out the purpose of
               the Plan.  All questions of interpretation, administration and
               application of the Plan shall be determined in good faith by a
               majority of the members of the Committee then in office, except
               that the Committee may authorize any one or more of its members,
               or any officer of the Company, to execute and deliver documents
               on behalf of the Committee.  The determination of such majority
               shall be final and binding in all matters relating to the Plan.

     4.  Number of Shares of Common Stock Issued in Connection with Options.
The maximum aggregate number of shares of Common Stock that may be issued in
connection with Options granted under the Plan (the "Share Maximum") is 576,771
shares, subject to adjustment as provided in Section 12.  The Share Maximum
shall be allocated in accordance with the terms set forth in Section 3 of Annex
A of the Contribution Agreement among eCIC, Inc., MemberWorks Incorporated and
The Stockholders of eNeighborhoods Inc. Listed on the Signature Page thereof,
dated as of February 11, 2000.  If any Option expires or is surrendered without
being exercised in full, such shares of Common Stock as to which such Option has
not been exercised may again be available for issuance in connection with future
grants of Options.  The Share Maximum shall be increased by the number of shares
of Common Stock tendered to the Company in payment of the exercise price of an
Option pursuant to Section 8(a) or withheld by the Company to satisfy any tax
withholding required under Section 13(c).

     5.  Eligible Persons.  Awards may be granted or offered only to Eligible
Persons.  The Committee

                                       4
<PAGE>

shall have the authority to select the individual Participants to whom Awards
may be granted from among such class of Eligible Persons and to determine the
number and form of Awards to be granted to each Participant.

     6.  Agreement.  The terms and conditions of each grant or sale of Awards
shall be embodied in an Agreement in a form approved by the Committee, which
shall contain terms and conditions not inconsistent with the Plan and which
shall incorporate the Plan by reference.  Each Agreement shall:  (a) state the
date on which the Award was granted; (b) set forth the number of Options being
granted to the Participant and the applicable Option Price or Option Prices; (c)
set forth the vesting schedule; (d) be signed by the recipient of the Award and
a person designated by the Committee; and (e) be delivered to the recipient of
the Award.

     7.  Restrictions on Transfer.  Until the Company becomes a Public Company,
and unless otherwise determined by the Committee in its sole discretion, each
Participant who is granted any Options shall, as a condition to the issuance of
any Option Shares, execute an agreement pursuant to which he shall become a
party to a Transfer Restriction Agreement.  Subject to such exceptions as the
Committee may determine in its sole discretion for estate planning or similar
purposes, no Option or, until the Company becomes a Public Company, Option
Share, may be sold, transferred, assigned, pledged, or otherwise encumbered or
disposed of to any third party other than the Company except as provided in the
Plan or, to the extent applicable, the Transfer Restriction Agreement or by will
or the laws of descent and distribution.  Each Permitted Transferee (other than
the Company), by will, by the laws of descent and distribution or otherwise, of
any Options or, until the Company becomes a Public Company, Option Shares,
shall, as a condition to the transfer thereof to such Permitted Transferee,
execute an agreement pursuant to which it shall become a party to the Agreement
applicable to the transferor.

     8.  Options.

          (a)  Terms of Options Generally.  Options may be granted to any
               Eligible Person.  Each Option shall entitle the Participant to
               whom such Option was granted to purchase, upon payment of the
               relevant Option Price, one share of Common Stock.  Payment of the
               Option Price shall be made in cash or certified or bank check,
               or, in the sole discretion of the Committee and on such terms and
               conditions as the Committee may impose, in shares of Common Stock
               already owned by the Participant (valued at their Applicable
               Value), in other property acceptable to the Committee or in any
               combination of cash, shares of Common Stock or such other
               property.  In the event the Company becomes a Public Company, the
               Committee may also allow Options to be exercised pursuant to a
               "cashless exercise" program subject to such rules and procedures
               as the Committee may adopt in its sole discretion.  Options
               granted under the Plan shall comply with the following terms and
               conditions:

               (i)  Option Price.  Each Agreement relating to an Option shall
                    specify the relevant Option Price.

               (ii)  Vesting.

                    (A)  Vesting Schedule.  Unless the Committee in its sole
                         discretion determines otherwise and so sets forth in
                         the applicable Agreement, and except as vesting may be
                         accelerated pursuant to the terms of the Plan, each
                         Option shall vest and become exercisable at the rate of
                         25% per year on each of the first four anniversaries of
                         the Date of Grant.

                    (B)  Acceleration of Vesting.  The Committee may, in its
                         sole discretion,

                                       5
<PAGE>

                         accelerate the date or dates on which an Option may be
                         exercised.

               (iii)  Duration of Options.  Each Option shall be effective for
                      such term as shall be determined by the Committee and set
                      forth in the applicable Agreement; provided, however, that
                      the term of any Option shall not under any circumstances
                      exceed 10 years from the Date of Grant.

               (iv)   Exercise Following Termination of Employment. Upon
                      termination of a Participant's employment with the Company
                      and its Subsidiaries and Affiliates for any reason, the
                      Participant (or, in the case of the Participant's death,
                      his Beneficiary) may exercise any Vested Option, subject
                      to Section 8(b), at any time until the earlier of (A) 90
                      days (or such longer period as may be determined by the
                      Committee in its sole discretion) (one year (or such
                      longer period as may be determined by the Committee in its
                      sole discretion) upon a termination of employment due to
                      death or Permanent Disability) following the date of such
                      termination of employment (or, if a Vested Option may not
                      be exercised on the date of such termination of employment
                      because the conditions to exercise set forth in Section
                      8(b) are not satisfied, 90 days (or such longer period as
                      may be determined by the Committee in its sole discretion)
                      (one year (or such longer period as may be determined by
                      the Committee in its sole discretion) upon a termination
                      of employment due to death or Permanent Disability)
                      following the date on which the Company notifies the
                      Participant that such conditions have been satisfied and
                      that the Option may be exercised), and (B) exercise by the
                      Company of its Call Right under Section 9(a), if
                      applicable, but in no event after the expiration of the
                      Option under the provisions of clause (iii) above. Upon
                      the expiration of such period or exercise of such Call
                      Right, any such Vested Option not theretofore exercised
                      shall be canceled, and the shares of Common Stock that had
                      been subject thereto shall again be available for grants
                      of further Options under the Plan. In the sole discretion
                      of the Committee, and on such terms and conditions as the
                      Committee may determine, a change in a Participant's
                      status with the Company and its Subsidiaries and
                      Affiliates from an employee to a consultant shall not be
                      treated as a termination of employment for purposes of the
                      Plan.

               (v)    Certain Restrictions. Subject to such exceptions as the
                      Committee may determine in its sole discretion pursuant to
                      Section 7, Options granted hereunder shall be exercisable
                      during the Participant's lifetime only by the Participant.

               (vi)   Shareholder Rights. A Participant shall have no rights as
                      a shareholder with respect to any shares of Common Stock
                      issuable upon exercise of an Option until a certificate or
                      certificates evidencing such shares shall have been issued
                      to such Participant, and no adjustment shall be made for
                      dividends or distributions or other rights in respect of
                      any share for which the record date is prior to the date
                      upon which the Participant shall become the holder of
                      record thereof.

               (vii)  Dividends and Distributions. Any shares of Common Stock or
                      other securities of the Company received by the
                      Participant as a result of a stock dividend or other
                      distribution in respect of Option Shares shall be subject
                      to the same restrictions as such Option Shares.

                                       6
<PAGE>

               (viii)  Additional Terms and Conditions. Each Option granted
                       hereunder, and any shares of Common Stock issued in
                       connection with such Option, shall be subject to such
                       additional terms and conditions not inconsistent with the
                       Plan that are prescribed by the Committee and set forth
                       in the applicable Agreement.

          (b)  Certain Limitations.  An Option shall not be exercisable unless
               the offer and sale of the shares of Common Stock subject to the
               Option have been registered under the 1933 Act and qualified
               under applicable state "blue sky" laws, or the Company has
               determined that an exemption from registration under the 1933 Act
               and from qualification under such state "blue sky" laws is
               available.  No Option may be granted or exercised at a time when
               such Option, or the granting or exercise thereof, may result in
               the violation of any law or governmental order or regulation.

          (c)  Issuance of Certificate.  As soon as practicable following the
               exercise of any Options, a Legended Certificate evidencing the
               number of Option Shares issued in connection with such exercise
               shall be issued in the name of the Participant.

          (d)  Unvested Options.  Upon termination of a Participant's employment
               with the Company and its Subsidiaries and Affiliates by the
               Company or any of its Subsidiaries or Affiliates for any reason,
               all Options granted to such Participant which have not
               theretofore vested shall terminate and be canceled without any
               payment therefor.  Except as determined by the Committee in its
               sole discretion and so set forth in the applicable Agreement, if
               an Involuntary Transfer occurs with respect to a Participant, all
               Options granted to such Participant which have not theretofore
               vested shall terminate and be canceled without any payment
               therefor.

     9.  Termination of Employment or Involuntary Transfers.

          (a)  Options.

               (i)  Company Call Right.  If, prior to the Company becoming a
                    Public Company, the employment of a Participant with the
                    Company and its Subsidiaries and Affiliates terminates for
                    any reason, or an Involuntary Transfer occurs, the Company
                    shall have a Call Right, exercisable for a period of 90 days
                    after the date of such termination or Involuntary Transfer,
                    with respect to all the Vested Options and Option Shares
                    beneficially owned by such Participant and his Permitted
                    Transferees.  The Company may exercise such Call Right by
                    giving written notice thereof to the Participant or his
                    Permitted Transferee, as the case may be, prior to the
                    expiration of such 90-day period.

               (ii) Purchase Price.  With respect to any exercise of a Call
                    Right under this Section 9(a), (A) the purchase price per
                    Option Share to be paid by the Company at the closing
                    provided for in Section 9(b) shall be the Applicable Value,
                    determined as of the date of termination of the
                    Participant's employment or Involuntary Transfer, and (B)
                    the consideration to be paid by the Company in respect of
                    Vested Options surrendered for cancellation at the closing
                    provided for in Section 9(b) shall be the excess, if any, of
                    the aggregate Applicable Value, determined as of the date of
                    termination of the Participant's employment or Involuntary
                    Transfer, of the shares of Common Stock issuable upon
                    exercise of such Vested Options over the aggregate Option
                    Price of such Options.

                                       7
<PAGE>

               (iii)  Waiver of Claims. In connection with any exercise of a
                      Call Right under this Section 9(a) with respect to a
                      Participant's Vested Options or Option Shares, no event
                      relating to the Company that occurs subsequent to the
                      exercise of such Call Right by the Company shall have any
                      effect on the amount that such Participant is otherwise
                      entitled to receive from the Company with respect to such
                      exercise under Section 9(a)(ii) or otherwise, and such
                      Participant's acceptance of such amount at the Closing
                      referred to in Section 9(b) shall constitute a waiver of
                      any and all claims that he may otherwise have had with
                      respect to the occurrence, disclosure or non-disclosure of
                      such event.

          (b)  Election and Delivery Procedures.

               (i)    The closing of any exercise of the Call Right pursuant to
                      Section 9(a) shall take place at the offices of the
                      Company, or such other place as may be mutually agreed,
                      not less than 15 nor more than 30 days after the date such
                      Call Right is exercised. The exact date and time of
                      closing shall be specified by the party exercising such
                      Call Right.

               (ii)   At such closing, the Participant (or, following the
                      Participant's death, the Participant's Beneficiary or
                      Beneficiaries) shall deliver certificates for the shares
                      of Common Stock to be sold to the Company duly endorsed,
                      or accompanied by written instruments of transfer in form
                      reasonably satisfactory to the Company duly executed, by
                      such transferor, free and clear of any Encumbrances, and
                      shall consent to the cancellation of the Vested Options to
                      be surrendered, which Vested Options shall also be free
                      and clear of any Encumbrances. The Company shall pay the
                      applicable purchase price for shares of Common Stock and
                      consideration for surrendered Vested Options in cash;
                      provided, however, that such payment may be deferred under
                      the circumstances, and to the extent, provided for in
                      Section 11.

     10.  Appraisal.  If, in connection with the determination of the Applicable
Value used to calculate the purchase price for shares of Common Stock and Vested
Options upon the exercise of any Call Right under Section 9(a), a Participant
reasonably believes that the Board of Directors' determination of Fair Market
Value (if applicable) is not reasonable, then such Participant may challenge the
Board of Directors' determination of such Fair Market Value by giving written
notice to the Board of Directors no later than 15 business days after receipt of
notice of the purchase price per share with respect to such shares of Common
Stock and Vested Options which the Company intends to pay.  In such event, the
Company shall engage at its own expense an appraisal or investment banking firm
that is independent of the Company and its Affiliates and is knowledgeable in
the valuation of companies engaged in a business similar to the business of the
Company to determine the Fair Market Value of the Common Stock; provided,
however, that if such a determination has been made by such an appraisal or
investment banking firm less than one year prior to the date as of which the
Fair Market Value of the Common Stock is to be determined, the Company shall not
be required to engage any such firm and may instead rely on such earlier
valuation; provided further, however, that the Company shall not rely on such
earlier valuation if it determines in good faith that such earlier valuation no
longer reflects Fair Market Value.  Any such appraisal or investment banking
firm engaged by the Company shall be selected by the Board of Directors.  Such
independent appraisal or investment banking firm's determination of Fair Market
Value shall be conclusive and binding on the parties.  Anything in this Section
10 to the contrary notwithstanding, if such an independent appraisal or
investment banking firm is appointed, no payment shall be made in respect of the
Participant's shares of Common Stock or Vested Options, as the case may be,
pending the determination of Fair Market Value by such firm, payment of the
purchase price shall instead be made no

                                       8
<PAGE>

later than the tenth business day following receipt by the Company of the report
of such firm establishing Fair Market Value. If the Fair Market Value so
determined by the independent banking firm exceeds the Fair Market Value as
determined by the Board of Directors by more than 10%, the costs of such firm
shall be paid by the Company; in all other cases, the costs of such firm shall
be shared equally by the Company and the Participant, and the Company shall have
the right to withhold the Participant's pro rata share of such costs from any
payment it makes in respect of the Participant's shares of Common Stock or
Vested Options.

     11.  Financial Capability; Legal Limitations.  Anything in the Plan or any
Agreement to the contrary notwithstanding, to the extent that (i) the
limitations or restrictions applicable to the Company under the laws of the
jurisdiction of its incorporation, the restrictions or limitations contained in
the Articles or Certificate of Incorporation or Bylaws of the Company or any
other applicable law, rule or regulation or under the terms of any indebtedness
for borrowed money of the Company or under any other agreement to which the
Company is a party prohibit the Company from making any payment required under
the Plan or any applicable Agreement with respect to a share of Common Stock or
Vested Option or (ii) the Board of Directors determines in good faith that the
Company is not financially capable of making any such payment or that following
such payment the Company's liquidity would be materially impaired, then the
Company shall not be obligated to make such payment at such time, and shall have
the right to defer such payment until the Board of Directors reasonably
determines that such limitations and restrictions no longer restrict the Company
from making such deferred payment.  Any amounts the payment of which is so
deferred shall bear interest, compounded annually and calculated at a rate equal
to the Prime Rate and shall be paid (with interest) promptly after, and to the
extent that, the Board of Directors determines that the limitations and
restrictions referred to in the first sentence of this Section 11 no longer
restrict such payment.  Notwithstanding a deferral of payment in accordance with
this Section 11 for shares of Common Stock or Vested Options in respect of which
a Call Right shall have been exercised, the closing of any exercise of such Call
Right shall take place as provided in Section 10(b), and the right of a
Participant and his Permitted Transferees in respect of the shares of Common
Stock and Vested Options subject to such Call Right (other than the right to
receive payment of amounts deferred in accordance with this Section 11) shall
terminate as of such closing.

     12.  Effect of Certain Corporate Changes and Changes in Control.

          (a)  Dilution and Other Adjustments.  In the event of a stock dividend
               or split, the Committee shall make any or all of the following
               adjustments as are necessary or advisable (the form of which
               shall be determined by the Committee in its sole discretion) to
               provide each Participant with a benefit equivalent to that which
               he would have been entitled to had such event not occurred:  (i)
               adjust the number of Awards granted to each Participant and the
               number of Awards that may be granted generally pursuant to the
               Plan, (ii) adjust the Option Price of any Options and (iii) make
               any other adjustments, or take such action, as the Committee, in
               its discretion, deems appropriate.  Such adjustments shall be
               conclusive and binding for all purposes.  In the event of a
               change in the Common Stock, which is limited to a change in the
               designation thereof to "Capital Stock" or other similar
               designation, or to a change in the par value thereof, or from par
               value to no par value, without increase or decrease in the number
               of issued shares, the shares resulting from any such change shall
               be deemed to be Common Stock within the meaning of the Plan.

          (b)  Effect of Reorganization.  In the event that (i) the Company is
               merged or consolidated with another corporation, (ii) all or
               substantially all the assets or shares of Common Stock of the
               Company are acquired by another Person, (iii) the Company is
               reorganized, dissolved or liquidated (each such event in (i),
               (ii) or (iii) being hereinafter referred to as a "Reorganization
               Event") or (iv) the Board of Directors shall propose that the
               Company enter into a Reorganization Event, then the Committee
               shall, subject to any other

                                       9
<PAGE>

               provisions of the Plan applicable to such Reorganization Event,
               make upon consummation of such Reorganization Event any or all of
               the adjustments described in Section 12(a) as are necessary or
               advisable in the sole discretion of the Committee to provide the
               Participant with a benefit equivalent to that which he would have
               been entitled to had such event not occurred. If such
               Reorganization Event involves the acquisition of all or
               substantially all of the shares of Common Stock by another
               Person, the Committee may, in its sole discretion, provide for
               the assumption of Options, or the substitution of equivalent
               Options, by the acquiring Person.

     13.  Miscellaneous.

          (a)  No Rights to Grants or Continued Employment.  No Participant
               shall have any claim or right to receive grants of Awards under
               the Plan.  Neither the Plan nor any action taken or omitted to be
               taken hereunder shall be deemed to create or confer on any
               Participant any right to be retained in the employ of the Company
               or any Subsidiary or Affiliate, or to interfere with or to limit
               in any way the right of the Company or any Subsidiary or
               Affiliate to terminate the employment of such Participant at any
               time.

          (b)  Right of Company to Assign Rights and Delegate Duties.  The
               Company shall have the right to assign any of its rights and
               delegate any of its duties hereunder to any of its Subsidiaries
               or Affiliates.

          (c)  Tax Withholding.  The Company and its Subsidiaries and Affiliates
               shall have the right to require any individual entitled to
               receive shares of Common Stock pursuant to an Award to remit to
               the Company, prior to the delivery of any certificates evidencing
               such shares, any amount sufficient to satisfy any federal, state
               or local tax withholding requirements.  Prior to the Company's
               determination of such withholding liability, such individual may
               make an irrevocable election to satisfy, in whole or in part,
               such obligation to remit taxes, by directing the Company to
               withhold shares of Common Stock that would otherwise be received
               by such individual.  Such election may be denied by the Committee
               in its discretion, or may be made subject to certain conditions
               specified by the Committee, including, without limitation,
               conditions intended to avoid the imposition of liability against
               the individual under Section 16(b) of the 1934 Act.  The Company
               and its Subsidiaries and Affiliates shall also have the right to
               deduct from all cash payments made pursuant to the Plan or any
               applicable Agreement any federal, state or local taxes required
               to be withheld required to be withheld with respect to such
               payments.

          (d)  No Restriction on Right of Company to Effect Corporate Changes.
               The Plan shall not affect in any way the right or power of the
               Company or its shareholders to make or authorize any or all
               adjustments, recapitalizations, reorganizations or other changes
               in the capital structure or business of the Company or any merger
               or consolidation of the Company, or any issue of stock or of
               options, warrants or rights to purchase stock or of bonds,
               debentures, preferred or prior preference stocks whose rights are
               superior to or affect the Common Stock or the rights thereof or
               which are convertible into or exchangeable for Common Stock, or
               the dissolution or liquidation of the Company, or any sale or
               transfer of all or any part of the assets or business of the
               Company, or any other corporate act or proceeding, whether of a
               similar character or otherwise.

          (e)  1934 Act.  Notwithstanding anything contained in the Plan or any
               Agreement to the contrary, if the consummation of any transaction
               under the Plan would result in the

                                       10
<PAGE>

               possible imposition of liability on a Participant pursuant to
               Section 16(b) of the 1934 Act, the Committee shall have the
               right, in its sole discretion, but shall not be obligated, to
               defer such transaction to the extent necessary to avoid such
               liability, but in no event for a period in excess of 180 days.

     14.  Amendment.  The Board of Directors may at any time and from time to
time alter, amend, suspend or terminate the Plan in whole or in part.  No
termination or amendment of the Plan may, without the consent of the Participant
to whom any Awards shall previously have been granted, adversely affect the
rights of such Participant in such Awards.

     15.  Effective Date.  The Plan shall be effective as of June 7, 2000 (the
"Effective Date").

     16.  Termination of the Plan.  The Plan shall continue until terminated by
the Board of Directors pursuant to Section 14, and no further Awards shall be
made hereunder after the date of such termination.

     17.  Headings.  The headings of sections and subsections herein are
included solely for convenience of reference and shall not affect the meaning of
any of the provisions of the Plan.

     18.  Governing Law.  The Plan and all rights hereunder shall be governed by
and construed in accordance with the laws of the State of Delaware without
reference to rules relating to conflicts of law.

                                       11
<PAGE>

                               AMENDMENT TO THE
                      IPLACE, INC. 2000 STOCK OPTION PLAN

                                   RECITALS

     A.  On August 24, 2001, iPlace, Inc., a Delaware corporation ("iPlace") was
merged into a wholly owned subsidiary of Homestore.com, Inc., a Delaware
corporation ("Homestore"), pursuant to that certain Agreement and Plan of Merger
dated August 7, 2001, as amended (the "Merger Agreement");

     B.  The Homestore Board of Directors (the "Board") on August 3, 2001, (1)
approved the assumption by Homestore of the iPlace 2000 Stock Option Plan (the
"Plan") and all of the then outstanding options granted under the Plan and (2)
approved the conversion of options outstanding under the Plan to options to
acquire Homestore common stock as contemplated by the Merger Agreement;

     C.  It is advisable to amend the Plan to reflect Homestore's assumption of
the Plan.

                                   AMENDMENT

     The Plan is hereby amended as follows:

     1.  Section 1 "Purpose" is hereby amended it its entirety to read as
                    -------
follows:

     "The iPlace, Inc. 2000 Stock Option Plan (the "Plan") was originally
                                                    ----
intended to attract, retain and motivate certain key employees of iPlace, Inc.
and its subsidiaries and affiliates through the grant of nonqualified stock
options (the "Options") to purchase shares of iPlace, Inc. common stock.  On
              -------
August 24, 2001, pursuant to the Agreement and Plan of Merger among
Homestore.com, Inc. (the "Company"), iPlace, Inc. and certain stockholders of
                          -------
iPlace, Inc., the Plan and outstanding Options granted under the Plan as of such
date were assumed by the Company, and such outstanding Options were converted
into Options to purchase shares of the Company's common stock, par value $.001
(the "Common Stock").  Options are sometimes referred to herein as "Awards." As
      ------------
of August 24, 2001, no additional Options shall be granted under this Plan."

     2.  The definition of "Affiliate" is hereby amended to delete the phrase
                            ---------
"(i) MemberWorks or (ii)," which appears between the words "means" and "any" in
the first line of the definition.

     3.  The definition of "Eligible Persons" is hereby amended to read as
                            ----------------
follows: "means key employees of the Company and any Subsidiary and Affiliate
that is selected by the Company from time to time to participate in this Plan."

     4.  The definition of "MemberWorks" is hereby deleted in its entirety.
                            -----------

     5.  Section 4 "Number of Shares of Common Stock Issued in Connection with
                    ----------------------------------------------------------
Options." is hereby amended in its entirety to read as follows:
--------

                                       12
<PAGE>

     "On or after August 24, 2001, the maximum aggregate number of shares of
Common Stock that may be issued in connection with Options granted under this
Plan is 643,610, which is equal to the number of shares that were subject to
outstanding Options under the Plan immediately prior to its assumption by the
Company, as adjusted in accordance with the Merger Agreement to reflect the
conversion of the shares to shares of the Company's Common Stock (subject to
further adjustment as provided in Section 12)."

                                       13

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