Document:

<PAGE>

                                                                    EXHIBIT 10.3

                            Convenience Translation

                           Reorganisation Agreement
        (Post-Formation acquisition and capital contribution agreement)

(1)  The INTERSHOP Communications stock company, Hamburg (the "INTERSHOP AG")

and

(2)  Mr. Stephan Schambach

(3)  Mr. J. Burgess Jamieson

(4)  Mr. Wilfried Beeck

(5)  Mr. Karsten Schneider

(6)  Mr. Roland Fassauer

(7)  Mr. Frank Gessner

(8)  Advanced European Technologies N.V.

(9)  Strascheg & Dr. Kohler Beteiligungsgesellschaft bR

(10) Technologieholding-Fonds VBL GmbH

(11) Innovacom 2 S.A. (France Telecom)

(12) T-Telematik Venture Beteiligungsgesellschaft mbH

(13) Private Equity Bridge Invest Ltd.

(14) CFB Consens Finanzberatung GmbH

(15) Mr. Frank Martinez
<PAGE>

(16)  Mr. Christof Leiste
                                                              (the ,,Investors")

and

(17) INTERSHOP Communications, Inc.
                                                          (the "INTERSHOP Inc.")

enter into the following post-formation acquisition and capital contribution
agreement:

                                       I.
                                    Preamble

a)   On April 23, 1998 the Provista Dritte Vermogensverwaltungs-
     Aktiengesellschaft, located in Hamburg (the ,,PROVISTA AG") has been
     founded by notarial deed No. 934/1998 of the notary public Dr. Axel Pfeifer
     in Hamburg. The company was registered in the Commercial Register under No.
     HRB 67465 on May 25, 1998.

     By purchase and assignment agreement of May 26, 1998, the INTERSHOP
     Communications GmbH, Jena, purchased all shares in the PROVISTA AG. The
     name PROVISTA AG was changed into INTERSHOP AG Aktiengesellschaft on May
     26, 1998. This change was entered into the Commercial Register on June 16,
     1998.

     In order to increase the share capital of the INTERSHOP AG, the Investors
     will contribute the shares described in more detail below (the ,,Shares")
     in the INTERSHOP Communications Inc., San Francisco (the ,,INTERSHOP Inc.")
     into the INTERSHOP AG by means of a contribution in kind.

b)   The share capital of the INTERSHOP Inc. is composed of a total of
     12,387,500 ordinary shares (the "Ordinary Shares"), 5,000,000 preferred
     shares (the "Preferred Shares") of the A series, 6,200,000 Preferred Shares
     of the B series, 2,000,000 Preferred Shares of the C series, as well as
     389,848 Preferred Shares from the D series. The Shares mentioned are bearer
     shares without par value. The following shareholders hold the following
     shares in the INTERSHOP Inc.:

     (1) Mr. Stephan Schambach 4,900,000 Ordinary Shares,
<PAGE>

     (2)  Mr. J. Burgess Jamieson 750,000 Preferred Shares of the A series as
          well as 470.000 Preferred Shares of the B series,

     (3)  Mr. Wilfried Beeck 2,160,000 Ordinary Shares,

     (4)  Mr. Karsten Schneider 1,710,000 Ordinary Shares,

     (5)  Mr. Roland Fassauer 360,000 Ordinary Shares,

     (6)  Mr. Frank Gessner 360,000 Ordinary Shares,

     (7)  Advanced European Technologies N.V. 3,850,000 Preferred Shares of the
          A series as well as 2,390,000 Preferred Shares of the B series,

     (8)  Strascheg & Dr. Kohler Beteiligungsgesellschaft bR 212,000 Preferred
          Shares of the B series,

     (9)  Technologieholding-Fonds VBL GmbH 1,540,000 Preferred Shares of the B
          series,

     (10) Innovacom 2 S.A. (France Telecom) 1,550,000 Preferred Shares of the B
          series,

     (11) T-Telematik Venture Beteiligungsgesellschaft mbH 2,000,000 Preferred
          Shares of the C series,

     (12) Private Equity Bridge Invest Ltd. 510,000 Ordinary Shares, 400,000
          Preferred Shares of the A series, 38,000 Preferred Shares of the B
          series as well as 389,848 Preferred Shares of the D series,

     (13) CFB Consens Finanzberatung GmbH 100,000 Ordinary Shares,

     (14) Mr. Frank Martinez 37,500 Ordinary Shares,

     (15) Mr. Christof Leiste 2,250,000 Ordinary Shares.

                                      II.
                             Contribution of Shares

a)   The Investors mentioned in Section I. b (3)-(15) contribute the mentioned
     Shares with obligatory effect until June 1, 1998 as a contribution in kind
     to the capital of the INTERSHOP AG.

b)   The Investor mentioned in Section I b. (1) contributes a total of 490,000
     of the mentioned shares with obligatory effect until June 1, 1998 as
     contribution in kind to the capital of the INTERSHOP AG.

c)   The Investor mentioned in Section I. b (2) contributes a total of 244,000
     of the mentioned Preferred Shares of the A series with obligatory effect
     until June 1, 1998 as a contribution in kind to the capital of the
     INTERSHOP AG.
<PAGE>

d)   The Investor mentioned in Section I. b (1) is entitled to contribute
     4,410,000 of the mentioned Shares as a contribution in kind to the capital
     of the INTERSHOP AG at any time. The contribution can only be declared with
     regard to all Shares.

     The declaration of the Investor mentioned in Section I. b (1) is to be
     posted to the INTERSHOP AG by registered mail return receipt including a
     statement of warranty signed by the Investor mentioned in Section I. b (1)
     stating that the Investor mentioned in Section I. b (1) is the owner of the
     Shares to be contributed pursuant to this Subsection (d), that the Shares
     to be contributed are not charged with third party rights, that the Shares
     to be contributed do not constitute the entire or nearly entire property of
     the Investor mentioned in Section I. b (1), and that he can freely dispose
     of the Shares to be contributed.

e)   The Investor mentioned in Section I. b (2) is entitled to contribute
     976,000 of the mentioned Preferred Shares of the A series as a contribution
     in kind to the capital of the INTERSHOP AG at any time. The Contribution
     can only be declared with regard to all Shares.

     The declaration of the Investor mentioned in Section I. b (2) is to be
     posted to the INTERSHOP AG by registered mail return receipt including a
     statement of warranty signed by the Investor mentioned in Section I. b (2)
     stating that the Investor mentioned in Section I. b (2) is the owner of the
     Shares to be contributed pursuant to this Subsection (e), that the Shares
     to be contributed are not charged with third party rights, that the Shares
     to be contributed do not constitute the entire or nearly entire property of
     the Investor mentioned in Section I. b (2), and that he can freely dispose
     of the Shares to be contributed.

                                      III.
                                    Transfer

a)   The Investors mentioned in Section I. b (1) - (15) herewith transfer the
     Shares contributed pursuant to Section II. a)-c) with immediate effect to
     the INTERSHOP AG.

     The Share certificates had been handed over to the board of directors of
     INTERSHOP AG today.
<PAGE>

b)   The Investors mentioned in Section I. b (1) - (2) transfer the Shares
     contributed pursuant to Section II. d)-e) to INTERSHOP AG under the
     condition precedent that the contribution of the Shares mentioned in
     Section II. d)-e) has been declared by the Investors vis-a-vis the
     INTERSHOP AG.

c)   The INTERSHOP Inc. represented by Mr. Stephan Schambach has agreed to the
     transfer of Shares by the Investors in accordance with the articles of
     incorporation of INTERSHOP Inc. The written statement of consent is
     enclosed to this document for reasons of evidence as Exhibit A.

d)   The INTERSHOP AG has the claim to the profits attached to the Shares
     contributed pursuant to Section II. a)-c) starting January 1, 1998.

e)   The INTERSHOP AG has the claim to the profits attached to the Shares
     contributed pursuant to Section II. d)-e) starting at the time of transfer.

                                      IV.
                         Representations and Warranties

a)   Each of the Investors represents and warrants that the information given
     with regard to that person in Section I. b) is correct, that the
     contributed Shares do not constitute their entire or nearly entire
     property, that the Shares are not charged with third parties rights and
     that they can dispose freely of their Shares.

b)   The Investor mentioned in Section I. b (1), Mr. Stephan Schambach, further
     is liable for that no further Shares in INTERSHOP Inc. are issued, except
     for the Shares mentioned in Section I. 2.

c)   The INTERSHOP AG had had the possibility to examine the property, finance,
     and profit situation of the INTERSHOP Inc. for the business year 1997
     through the balance sheets of the INTERSHOP Inc. certified by Arthur
     Andersen as well as to examine the business administrative evaluation for
     the first five months of the business year 1998.

     The Investor mentioned under Section I. b (1), Mr. Stephan Schambach,
     represents and warrants
<PAGE>

     -    that the INTERSHOP Inc. in the context of the explanation of these
          documents has from its knowledge not concealed any information that
          could be relevant for the evaluation of the property and profit
          situation, and

     -    that no events or developments have occurred through the months from
          January to June 1998 that could impair the property and profit
          situation.

                                       V.
                                 Consideration

a)   In consideration for the contributions agreed upon in Section II. a)-c) the
     INTERSHOP AG grants:

     (1)  Mr. Stephan Schambach 98,000 ordinary shares without par value;

     (2)  Mr. Wilfried Beeck 432,000 ordinary shares without par value;

     (3)  Mr. Karsten Schneider 342,000 ordinary shares without par value;

     (4)  Mr. Roland Fassauer 72,000 ordinary shares without par value;

     (5)  Mr. Frank Gessner 72,000 ordinary shares without par value;

     (6)  Advanced European Technologies N.V. 1,248,000 ordinary shares without
          par value;

     (7)  Strascheg & Dr. Kohler Beteiligungsgesellschaft bR 42,400 ordinary
          shares without par value;

     (8)  Mr. J. Burgess Jamieson 48,800 ordinary shares without par value;

     (9)  Technologieholding-Fonds VBL GmbH 308,000 ordinary shares without par
          value;

     (10) Innovacom 2 S.A. (France Telecom) 310,000 ordinary shares without par
          value;

     (11) T-Telematik Venture Beteiligungsgesellschaft mbH (Deutsche Telekom AG)
          400,000 ordinary shares without par value;

     (12) Private Equity Bridge Invest Ltd. 267,570 ordinary shares without par
          value;

     (13) CFB Consens Finanzberatung GmbH GmbH 20,000 ordinary shares without
          par value;

     (14) Mr. Frank Martinez 7,500 ordinary shares without par value;

     (15) Mr. Christof Leiste 450,000 ordinary shares without par value.

     with an issuing price of DM 70,010,590 and with the claims to the profits
     starting with the establishment of the company.
<PAGE>

     The new Shares shall be created by means of a capital increase

     from DM 300,150
     by DM 20,591,350
     to DM 20,891,500

     with in kind contribution.

b)   In consideration for the contribution agreed upon in Section II. d)-e) the
     INTERSHOP AG grants:

     (1)  Mr. Stephan Schambach 882,000 Ordinary Shares without par value;

     (2)  Mr. J. Burgess Jamieson 195,200 Ordinary Shares without par value;

          for an issuing price of DM 18.312.400 and with the claims to the
          profits starting with the fulfilment of the condition precedent
          pursuant to Section II. d)-e).

          The claim of granting the mentioned Shares arises only on the
          fulfilment of the condition precedent pursuant to Section II. d)-e).

          The new Shares shall be created by a conditioned capital increase
          through a contribution in kind in the amount of up to DM 5,386,000.

                                      VI.
                              Conditions Precedent

This agreement becomes effective only after the fulfilment of the following
conditions precedent:

(1)  The general meeting of shareholders of the INTERSHOP AG agrees to this
     contract.

(2)  The general meeting of shareholders of the INTERSHOP AG passes the
     following resolutions:

     a)   The principal capital of the company of DM 300,150 at the moment is
          increased by DM 20,591,350 to DM 20,891,500.
<PAGE>

     b)  The subscription by law of the shareholders is precluded.

     c)   With regard to the capital increase mentioned under Subsection (a) the
          following has to be noted:

          -  Mr. Stephan Schambach is admitted to the procurement of 98,000
             ordinary shares

          -  Mr. Wilfried Beeck is admitted to the procurement of 432,000
             ordinary shares

          -  Mr. Karsten Schneider is admitted to the procurement of 342,000
             ordinary shares

          -  Mr. Roland Fassauer is admitted to the procurement of 72,000
             ordinary shares

          -  Mr. Frank Gessner is admitted to the procurement of 72,000 ordinary
             shares

          -  Advanced European Technologies N.V. is admitted to the procurement
             of 1,248,000 ordinary shares

          -  Strascheg & Dr. Kohler Beteiligungsgesellschaft bR is admitted to
             the procurement of 42,400 ordinary shares

          -  Mr. J. Burgess Jamieson is admitted to the procurement of 44,880
             ordinary shares

          -  Technologieholding-Fonds NBL GmbH is admitted to the procurement of
             308,000 ordinary shares

          -  Innovacom 2 S.A. (France Telekom) is admitted to the procurement of
             310,000 ordinary shares

          -  T-Telematik Venture Beteiligungsgesellschaft mbH (Deutsche Telekom
             AG) is admitted to the procurement of 400,000 ordinary shares

         -   Private Equity Bridge Invest Ltd. is admitted to the procurement of
             267,570 ordinary shares

          -  CFB Consens Finanzberatung GmbH is admitted to the procurement of
             20,000 ordinary shares

          -  Mr. Frank Martinez is admitted to the procurement of 7,500 ordinary
             shares

          -  Mr. Christof Leiste is admitted to the procurement of 450.000
             ordinary Shares

          for an issuing price of DM 17 per each ordinary share.
<PAGE>

                                      VII.
                      Choice of Law, Place of Jurisdiction

This agreement is subject to the laws of the Federal Republic of Germany. The
place of jurisdiction is Hamburg.

                                     VIII.
                                  Severability

Should individual terms of this agreement be wholly or partly be or become in-
effective or non applicable or should there be a loop hole in the agreement, the
validity of the remaining parts of this agreement shall not be effected. Instead
of the in-effective or inapplicable provisions or for the replacement of a loop
hole, a replacement of the provision is to be created which as far as possible
comes close to what the contracting parties wanted to express or expressed if
they had considered this term.

                                      IX.
                                     Costs

The INTERSHOP AG located in Hamburg bears the costs of this agreement and its
execution.

Hamburg, the 22/nd/ June 1998

_______________________________________   ______________________________________
      INTERSHOP Communications AG           INTERSHOP Communications, Inc.

_______________________________________   ______________________________________
            Stephan Schambach                    Strascheg & Dr. Kohler
                                                   Beteiligungs GbR

_______________________________________   ______________________________________
          J. Burgess Jamieson              Technologieholding-Fonds NBL GmbH
<PAGE>

 _______________________________________   ___________________________________
            Wilfried Beeck                   Innovacom 2 S.A. (France Telecom)

_______________________________________    ___________________________________
           Karsten Schneider                T-Telematik Venture Beteiligungs-
                                                   gesellschaft mbH

_______________________________________    ___________________________________
            Roland Fassauer                 Private Equity Bridge Invest Ltd.

_______________________________________    ___________________________________
             Frank Gessner                   CFB Consens Finanzberatung GmbH

_______________________________________    ___________________________________
  Advanced European Technologies N.V.                  Frank Martinez

_______________________________________    ___________________________________
             Christof Leiste<PAGE>

                                                                    EXHIBIT 10.4

                        INTERSHOP COMMUNICATIONS, INC.

                           REORGANIZATION AGREEMENT

     This Intershop Communications, Inc. Reorganization Agreement ("Agreement")
is entered into as of July 16, 1998, by and among Intershop Communications,
Inc., a Delaware corporation (the "Company"), Intershop Communications AG, a
German stock corporation ("Intershop AG"), J. Burgess Jamieson ("Jamieson") and
Stephan Schambach ("Schambach") upon the following terms and conditions:

                                   RECITALS

     A.  Pursuant to that certain Reorganization Agreement, dated as of June 23,
1998 ("Reorganization Agreement"), certain investors in the Company exchanged
their shares in the Company for shares of Intershop AG common stock. As a
result, the Company has become a subsidiary of Intershop AG. Intershop AG
intends now to commence its initial public offering of stock on the Neuer Market
in Frankfurt, Germany (the "IPO").

     B.  Schambach, Jamieson and Intershop AG (collectively, the "Stockholders")
presently hold all Company stock issued and outstanding.

     C.  In order to facilitate the IPO, the Stockholders and the Company desire
that (1) Jamieson surrender to the Company nine hundred seventy-six thousand
(976,000) shares, collectively, of Company series A preferred stock ("Series A
Preferred") and Company series B preferred stock ("Series B Preferred")in
exchange for nine hundred seventy-six thousand (976,000) shares of Company class
B common stock ("Class B Common"); (2) Schambach surrender to the Company four
million four hundred ten thousand (4,410,000) shares of Company common stock in
exchange for four million four hundred ten thousand (4,410,000) shares of Class
B Common; and (3) Intershop AG surrender to the Company all remaining issued and
outstanding Company stock in exchange, collectively, for an equal number of
shares of Company class A common stock ("Class A Common") (the
"Reorganization").

     D.  The Reorganization is intended to qualify as a reorganization under
Section 368(a)(1)(E) of the Internal Revenue Code (the "Code") and this
Agreement is intended to be a "Plan of Reorganization" within the meaning of
Regulation 1.368-2(g) under the Code.

     E.  The parties hereto intend that the transactions contemplated in this
Agreement will qualify for the exemption from registration set forth in Section
4(2) of the Securities Act of 1933, as amended (the "Securities Act").

     Now, Therefore, in consideration of the covenants and promises contained in
this Agreement, the parties hereto agree as follows:
<PAGE>

                                   SECTION 1

                            Terms of Reorganization

     1.1  Closing. The closing (the "Closing") of the Reorganization described
herein shall occur on the date of this Agreement. At the Closing, (a) Jamieson
agrees to surrender to the Company nine hundred seventy-six thousand (976,000)
shares, collectively, of Series A Preferred and Series B Preferred in exchange
for nine hundred seventy-six thousand (976,000) shares of Class B Common; (b)
Schambach agrees to surrender to the Company four million four hundred ten
thousand (4,410,000) shares of Company common stock in exchange for four million
four hundred ten thousand (4,410,000) shares of Class B Common; and (c)
Intershop AG agrees to surrender to the Company all remaining issued and
outstanding Company stock in exchange, collectively, for an equal number of
shares of Class A Common. Such exchange shall be effective as of the date of
this Agreement the ("Closing Date"), subject to the terms and conditions hereof,
and is intended to constitute a reorganization pursuant to Section 368(a)(1)(E)
of the Internal Revenue Code of 1986, as amended.

     1.2  Class A Common. The rights, preferences and privileges of the Class A
Common shall be as set forth in the Amended and Restated Certificate of
Incorporation of the Company (the "Certificate").

     1.3  Class B Common. The rights, preferences and privileges of Class B
Common shall be as set forth in the Certificate.

     1.4  Conditions. The respective obligations of each party to consummate the
transaction contemplated by this Agreement on the Closing Date shall be subject
to satisfaction or waiver (such waiver being in a writing signed by both
parties) on or prior to the Closing Date of the following conditions:

          (a) The Stockholders shall have delivered to the Company the original
stock certificates representing the number of shares of common and preferred
stock provided for in paragraph 1.1, above, with respect to the Closing. Such
certificate(s) shall be duly issued in the Stockholders' respective names and
shall be accompanied by such supporting documents as may, in the opinion of the
Company's counsel, be necessary to pass to the Company good and marketable title
to such shares.

          (b) The Stockholders shall each have executed and delivered to the
Company an Assignment Separate from Certificate in substantially the forms
attached hereto as Exhibit A.

          (c) Intershop AG shall have obtained any necessary approvals by its
board of directors and/or shareholders with respect to its consent set forth in
Section 2 hereof.
<PAGE>

                                   SECTION 2

                             Additional Covenants

          (a) Intershop AG hereby consents to the right, as set forth with more
particularity in the Certificate, of the holders of Class B Common to convert
such shares into shares of Intershop AG, and further agrees to immediately
convert such shares within ten (10) business days of receiving such holder's (i)
written request for such conversion and (ii) stock certificate representing the
shares to be converted.

          (b) The Company covenants to amend its Certificate to reflect the
creation of Class A Common and Class B Common.

          (c) The Company further covenants to issue and deliver to each of the
Stockholders a certificate representing the number of shares of Class A Common
or Class B Common, as the case may be, provided for in paragraph 1.1 above.

                                   SECTION 3

                          Investment Representations

     Jamieson and Schambach each hereby represent and warrant with respect to
the acquisition of the Class B Common provided for herein as follows:

     3.1  Authorization. He has full power and authority to enter into this
Agreement and to sell, assign, transfer and deliver all of his stock in the
Company free and clear of all liens, encumbrances, equities, security interests,
restrictions and claims whatsoever other than restrictions under the
Certificate. This Agreement is a valid and legally binding obligation of him,
enforceable in accordance with its terms, except as enforcement hereof may be
limited by bankruptcy and other laws of general application affecting the rights
and remedies of creditors or by the availability of equitable remedies. The
performance of this Agreement and the consummation of the transactions
contemplated hereby will not result in a breach or violation by him of any terms
or provisions of (a) any trust, constructive or other, or (b) any material
agreement or instrument to which he is a party or by which he or any of his
properties are bound.

     3.2  Title. He has good and marketable title to the stock to be exchanged
pursuant to this Agreement, free and clear of all liens, encumbrances, equities,
claims, restrictions, security interests, voting trusts or other defects of
title whatsoever other than restrictions under the Certificate.

     3.3  Experience. He is experienced in evaluating and investing in high
technology companies such as the Company, is capable of evaluating the merits
and risks of his investment in the Company and is able to bear the economic risk
of the investment.
<PAGE>

     3.4  No View to Distribute. He is acquiring his stock pursuant to this
Agreement solely for the purpose of investment and not with a view to, or for
resale in connection with, any distribution thereof and he has no present intent
of engaging in a distribution of such stock. He understands that the stock to be
acquired by him has not been registered under the Securities Act of 1933, as
amended (the "Securities Act") by reason of a specific exemption from the
registration provisions of the Securities Act, which depends upon, among other
things, the bona fide nature of his representation regarding the absence of an
intent to distribute such stock as expressed herein.

     3.5  Rule 144. He acknowledges that, because they have not been registered
under the Securities Act, the stock he is acquiring must be held indefinitely
unless subsequently registered under the Securities Act or an exemption from
such registration is available. He is aware of the provisions of Rule 144
promulgated under the Securities Act which permits limited resale of shares
purchased in a private placement subject to the satisfaction of certain
conditions, including, among other things, the existence of a public market for
the shares, the availability of certain current public information about the
Company, the resale occurring not during the applicable holding period as set
forth in Rule 144, the sale being through a "broker's transaction" or in
transactions directly with a "market maker" (as provided by Rule 144(f)) and the
number of shares being sold during any three (3) month period not exceeding
specified limitations (unless the sale is within the requirements of Rule
144(k)).

     3.6  No Public Market. He understands that no public market now exists for
any of the securities issued by the Company and that no public market will ever
exist for such securities.

     3.7  Access to Information. He has had an opportunity to discuss the
Company's business, management and financial affairs with its management and to
obtain any additional information necessary to verify the accuracy of the
information given to him. He has received all the information he considers
necessary or appropriate for deciding whether to acquire the stock.

                                   SECTION 4

                                    General

     4.1  Governing Law and Venue. This Agreement and the rights of the parties
hereto, shall be governed by and construed in accordance with the internal laws
of the State of California as such laws apply to agreements among California
residents made and to be performed entirely within the State of California. Any
legal action or other legal proceeding relating to this Agreement or the
enforcement of any provision of this Agreement shall be brought or otherwise
commenced in any state or federal court located in San Mateo, San Francisco or
Santa Clara counties in the State of California. Each party to this Agreement:
<PAGE>

          (a) expressly and irrevocably consents and submits to the jurisdiction
of each state and federal court located in San Mateo, San Francisco or Santa
Clara counties in the State of California in connection with any such legal
proceeding;

          (b) agrees that each state and federal court located in San Mateo, San
Francisco or Santa Clara counties in the State of California shall be deemed to
be a convenient forum; and

          (c) agrees not to assert (by way of motion, as a defense or
otherwise), in any such legal proceeding commenced in any state or federal court
located in San Mateo, San Francisco or Santa Clara counties in the State of
California, any claim that such party is not subject personally to the
jurisdiction of such court, that such legal proceeding has been brought in an
inconvenient forum, that the venue of such proceeding is improper or that this
Agreement or the subject matter of this Agreement may not be enforced in or by
such court.

     4.2  Successors and Assigns. Except as otherwise provided herein, the
provisions hereof shall inure to the benefit of, and be binding upon, the
successors, assigns, heirs, executors and administrators of the parties hereto,
and shall be enforceable by each such person.

     4.3  Entire Agreement. This Agreement constitutes the full and entire
understanding and agreement among the parties with regard to the subjects
hereof.

     4.4  Counterparts. This Agreement may be executed in any number of
counterparts, each of which may be executed by less than all of the parties
hereto, each of which shall be enforceable against the parties actually
executing such counterparts, and all of which together shall constitute one
instrument.

     4.5  Severability. In the case any provision of this Agreement shall be
invalid, illegal or unenforceable, the validity, legality and enforceability of
the remaining provisions shall not in any way be affected or impaired thereby.

     4.6  Amendments. The provisions of this Agreement may be amended at any
time and from time to time, and particular provisions of this Agreement may be
waived, with and only with an agreement or consent in writing signed by each of
the Company and the Stockholders.

     4.7  Pronouns. All pronouns and any variations thereof used in this
Agreement shall be deemed to refer to the masculine, or neuter, singular or
plural, as appropriate.

     4.8  Authority and Execution. Each person executing this Agreement on
behalf of a party hereto represents and warrants that he is duly and validly
authorized to do so on behalf of such party, with full right and authority to
execute this Agreement and to bind such party with respect to all of its
obligations hereunder.
<PAGE>

     4.9  Notices. All notices required or permitted hereunder shall be in
writing and shall be deemed effectively given: (i) upon personal delivery to the
party to be notified, (ii) on the next business day when sent by confirmed telex
or facsimile or (iii) three (3) business days after deposit with a nationally
recognized overnight courier, specifying next day delivery, with written
verification of receipt. All communications shall be sent to the party to be
notified at the address as set forth on the signature page hereto or at such
other address as such party may designate by ten (10) days advance written
notice to the other parties hereto.

     4.10 Attorneys' Fees. In the event that any dispute among the parties to
this Agreement should result in litigation, the prevailing party in such dispute
shall be entitled to recover from the losing party all fees, costs and expenses
of enforcing any right of such prevailing party under or with respect to this
Agreement, including without limitation, such reasonable fees and expenses of
attorneys and accountants, which shall include, without limitation, all fees,
costs and expenses of appeals.

     4.11 Titles and Subtitles. The titles of the sections and subsections of
this Agreement are for convenience of reference only and are not to be
considered in construing this Agreement.

     4.12 Interpretation. Each party acknowledges that such party, either
directly or through such party's representatives, has participated in the
drafting of this Agreement, and any applicable rule of constructions that
ambiguities are to be resolved against the drafting party should not be applied
in connection with the construction or interpretation of this Agreement.

     4.13 English Language Interpretation. This Agreement has been prepared in
the English language, and the English language shall control its interpretation.

     4.14 Specific Enforcement. Any Holder shall be entitled to specific
enforcement of its rights under this Agreement. The parties acknowledge that
money damages would be an inadequate remedy for a breach of this Agreement and
consent to an action for specific performance or other injunctive relief in the
event of any such breach.

     4.15 Further Assurances. Each party to this Agreement covenants and agrees
to execute and deliver such other agreements and writings and to perform such
other acts as may be necessary for the consummation of the matters contemplated
by this Agreement.
<PAGE>

     In Witness Whereof, this Reorganization Agreement has been executed and
delivered as of the date first written above.

Intershop Communications, Inc.,
a Delaware corporation

By: /s/ Stephan Schambach
   -----------------------------------

Print Name: Stephan Schambach
           ---------------------------

Title: President & CEO
      --------------------------------

Intershop Communications AG,
a German stock corporation

By: /s/ Stephan Schambach
   -----------------------------------

Print Name: Stephan Schambach
            --------------------------

Title: Chairman of Board of Management
       -------------------------------

J. Burgess Jamieson

/s/ J. Burgess Jamieson
--------------------------------------

Stephan Schambach

/s/ Stephan Schambach
--------------------------------------
<PAGE>

                                   Exhibit A

                     ASSIGNMENT SEPARATE FROM CERTIFICATE

The undersigned hereby sells, conveys, assigns and transfers unto Intershop
Communications, Inc., a Delaware corporation (the "Company"), an aggregate of
Four Million Four Hundred Ten Thousand (4,410,000) shares of common stock of the
Company standing in the undersigned name on the books of the Company and
represented by Certificate No. ___ herewith, and does hereby irrevocably
constitute and appoint the Secretary of the Company as attorney to transfer said
stock on the books of the Company with full power of substitution in the
premises.

Date: July 16, 1998

/s/ Stephan Schambach
---------------------
Stephan Schambach
<PAGE>

                                   Exhibit A

                     ASSIGNMENT SEPARATE FROM CERTIFICATE

The undersigned hereby sells, conveys, assigns and transfers unto Intershop
Communications, Inc., a Delaware corporation (the "Company"), an aggregate of
Nine Hundred Seventy-Six Thousand (976,000) shares of preferred stock of the
Company standing in the undersigned name on the books of the Company and
represented by Certificates No.  *  herewith, and does hereby irrevocably
                                ---
constitute and appoint the Secretary of the Company as attorney to transfer said
stock on the books of the Company with full power of substitution in the
premises.

Date: July 16, 1998

/s/ J. Burgess Jamieson
-----------------------
J. Burgess Jamieson

                                     Cert. #         Pref.      No. Shares
                                     -------         -----      ----------

Netconsult Communications, Inc.      PA-3            A              75,000
Netconsult Communications, Inc.      PB-3            B              47,000
                                                                ----------
                                                                   122,000

X 10.1 Split - Becomes                                           1,220,000

Sold in IPO                                                       (244,000)
                                                                ----------
Remaining Shares                                                   976,000
                                                                ==========
<PAGE>

                                   Exhibit A

                     ASSIGNMENT SEPARATE FROM CERTIFICATE

The undersigned hereby sells, conveys, assigns and transfers unto Intershop
Communications, Inc., a Delaware corporation (the "Company"), an aggregate of
_______________________ (_________) shares of common stock of the Company and
_______________________ (_________) shares of preferred stock of the Company
standing in the undersigned name on the books of the Company and represented by
Certificate Nos. ___ herewith, and does hereby irrevocably constitute and
appoint the Secretary of the Company as attorney to transfer said stock on the
books of the Company with full power of substitution in the premises.

Date: July 16, 1998

Intershop Communications AG,
a German stock corporation

By: /s/ Stephan Schambach
   -----------------------------------

Print Name: Stephan Schambach
            --------------------------

Title: Chairman of Board of Management
       -------------------------------

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00003-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00003-of-00352.parquet"}]]