Document:

Exhibit 4.3

                               THEGLOBE.COM, INC.
                       NONQUALIFIED STOCK OPTION AGREEMENT

                  THIS AGREEMENT, made as of the 1st day of June, 2002 (the
"Grant Date"), by and between theglobe.com, inc. (the "Company"), and Charles
Peck (the "Optionee").

                  WHEREAS, the Option (as defined below) is being granted
pursuant to the Separation Agreement, dated May 30, 2002, between the Company
and the Optionee (the "Separation Agreement");

                  WHEREAS, the grant of the Option is an essential inducement to
Optionee's entering into the Separation Agreement and the Optionee would not
have entered into the Separation Agreement but for the grant of the Option; and

                  WHEREAS the Option is not being granted pursuant to any of the
Company's stock option plans (the "Plans").

                  NOW, THEREFORE, the parties hereto agree as follows:

         1. Grant of Options.
            ----------------

                  1.1 The Company hereby grants to the Optionee the right and
option (the "Option") to purchase all or any part of an aggregate of 425,000
whole Shares subject to, and in accordance with, the terms and conditions set
forth in this Agreement.

                  1.2 The Option is not intended to qualify as an Incentive
Stock Option within the meaning of Section 422 of the Code.

                  1.3 This Agreement is subject to the Separation Agreement (the
provisions of which are incorporated herein by reference) and, except as
otherwise expressly set forth herein, the capitalized terms used in this
Agreement shall have the same definitions as set forth in the Separation
Agreement.

         2. Purchase Price.
            --------------

                  The per share price at which the Optionee shall be entitled to
purchase the Shares covered by the Option upon exercise shall be the Fair Market
Value of a Share on the date hereof.

         3. Duration of Option.
            ------------------
<PAGE>

                  The Option shall be exercisable to the extent and in the
manner provided herein for a period of ten (10) years from the Grant Date (the
"Exercise Term"); provided, however, that the Option may, upon the death of the
Optionee, be later exercised for up to one (1) year following the date of the
Optionee's death if such death occurs prior to the tenth anniversary of the
Grant Date.

         4. Exercisability of Option.
            -------------------------

                  The Option shall be fully vested and exercisable on the Grant
Date; provided, however, that the Option shall be forfeited in full if the
Optionee revokes the General Release attached as Exhibit A to the Separation
Agreement.

         5. Manner of Exercise and Payment.
            ------------------------------

                  5.1 Subject to the terms and conditions of this Agreement, the
Option may be exercised by written notice delivered in person or by mail to the
Controller of the Company, at its principal executive offices, 120 Broadway, New
York, NY 10271. Such notice shall be substantially in the form attached hereto
as Exhibit I, shall state that the Optionee is electing to exercise the Option
and the number of Shares in respect of which the Option is being exercised and
shall be signed by the person or persons exercising the Option. If requested by
the Committee, such person or persons shall (i) deliver this Agreement to the
Secretary of the Company who shall endorse thereon a notation of such exercise
and (ii) provide satisfactory proof as to the right of such person or persons to
exercise the Option.

                  5.2 The notice of exercise described in Section 5.1 hereof
shall be accompanied by the full purchase price for the Shares in respect of
which the Option is being exercised, in cash, or, if permitted by the Committee,
by transferring Shares, either actually or by attestation, to the Company having
a Fair Market Value on the day preceding the date of exercise equal to the cash
amount for which such Shares are substituted. In addition, Options may be
exercised through a registered broker-dealer pursuant to such cashless exercise
procedures which, from time to time, are deemed acceptable by the Committee.

                  5.3 Upon receipt of notice of exercise and full payment for
the Shares in respect of which the Option is being exercised, the Company shall,
subject to Section 13 hereof, take such action as may be necessary to effect the
transfer to the Optionee of the number of Shares as to which such exercise was
effective. No fractional Shares (or cash in lieu thereof) shall be issued upon
exercise of an Option and the number of Shares that may be purchased upon
exercise shall be rounded to the nearest number of whole Shares.

                  5.4 The Optionee shall not be deemed to be the holder of, or
to have any of the rights of a holder with respect to, any Shares subject to the
Option until (i) the Option shall have been exercised pursuant to the terms of
this Agreement and the Optionee shall have paid the full purchase price for the
number of Shares in respect of which the Option was exercised, (ii) the Company
shall have issued and delivered the Shares to the Optionee, and (iii) the
Optionee's name shall have been entered as a stockholder of record on the books
of the Company, whereupon the Optionee shall have full voting and other
ownership rights with respect to such Shares, subject to the terms of this
Agreement.

                                       2
<PAGE>

         6. Effect of Certain Transactions.
            ------------------------------

                  In the event of a merger or consolidation of the Company with
or into another corporation, or the sale of substantially all of the assets of
the Company (a "Transaction"), the Option shall be assumed, or an equivalent
option shall be substituted, by the Successor Corporation; provided, however,
that, unless otherwise determined by the Committee, the Option shall remain
subject to all of the conditions and restrictions which were applicable to the
Option prior to such assumption or substitution. In the event that the Successor
Corporation refuses to or does not assume the Option or substitute an equivalent
option therefor, the Secretary of the Company shall notify the Optionee, and the
Optionee shall have the right to exercise the Option for a period of fifteen
(15) days (or such other period as shall be determined by the Board) from the
date of such notice, and the Option shall terminate upon the expiration of such
period. For the purposes of this paragraph, the Option shall be considered
assumed if, following the merger or sale of assets, the option confers the right
to purchase or receive upon exercise, for each Share subject to the Option
immediately prior to the Transaction, the consideration (whether stock, cash, or
other securities or property) received in the Transaction for each Share held on
the effective date of the Transaction (and if holders were offered a choice of
consideration, the type of such consideration as determined by the Board).

         7. Non-Transferability.
            -------------------

                  The Option shall not be transferable other than by will or by
the laws of descent and distribution or pursuant to a domestic relations order
(within the meaning of Rule 16a-12 promulgated under the Exchange Act), and the
Option shall be exercisable during the lifetime of the Optionee only by the
Optionee or his guardian or legal representative.

         8. Limitation on Rights.
            --------------------

                  Nothing in this Agreement shall be interpreted or construed to
confer upon the Optionee any right with respect to continuance of employment by
the Company or any of its affiliates, nor shall this Agreement interfere in any
way with the right of the Company or any of its affiliates to terminate the
Optionee's employment at any time.

         9. Adjustments.
            -----------

                  9.1 In the event of a Change in Capitalization, the Committee
shall make appropriate adjustments, if any, to the number and class of Shares or
other stock or securities subject to the Option and the purchase price for such
Shares or other stock or securities. The Committee's adjustment shall be
effective and final, binding and conclusive for all purposes of this Agreement.

                                       3
<PAGE>

                  9.2 If, by reason of a Change in Capitalization, the Optionee
shall be entitled to exercise the Option with respect to new, additional or
different shares of stock or securities, such new, additional or different
shares shall thereupon be subject to all of the conditions and restrictions
which were applicable to the Shares subject to the Option prior to such Change
in Capitalization.

         10. Withholding of Taxes.
             --------------------

                  At such times as the Optionee recognizes taxable income in
connection with the receipt of Shares hereunder (a "Taxable Event"), the
Optionee shall pay to the Company an amount equal to the federal, state and
local income taxes and other amounts as may be required by law to be withheld by
the Company in connection with the Taxable Event (the "Withholding Taxes") prior
to the issuance of such Shares. The Company shall have the right to deduct from
any payment or distribution of cash to the Optionee an amount equal to the
Withholding Taxes with respect to the Option.

         11. Modification of Agreement.
             -------------------------

                  This Agreement may be modified, amended, suspended or
terminated, and any terms or conditions may be waived, but only by a written
instrument executed by the parties hereto.

         12.  Severability.
              ------------

                  Should any provision of this Agreement be held by a court of
competent jurisdiction to be unenforceable or invalid for any reason, the
remaining provisions of this Agreement shall not be affected by such holding and
shall continue in full force in accordance with their terms.

         13. Registration of Shares.
             ----------------------

                  13.1 The Company shall, as soon as practicable after the date
hereof, cause the Shares underlying the Option to be registered with the
Securities and Exchange Commission. The Option is subject to the requirement
that, if at any time the Committee determines, in its discretion, that the
listing, registration or qualification of Shares issuable pursuant to this
Agreement is required by any securities exchange or under any state or federal
law, or the consent or approval of any governmental regulatory body is necessary
or desirable as a condition of, or in connection with, the issuance of Shares,
no payment shall be made or Shares issued, in whole or in part, unless listing,
registration, qualification, consent or approval has been effected or obtained
free of any conditions as acceptable to the Committee. The Board may make such
changes to the Option as may be necessary or appropriate to comply with the
rules and regulations of any governmental authority.

                  13.2 Notwithstanding anything contained in this Agreement to
the contrary, in the event that the disposition of Shares acquired pursuant to
this Agreement is not covered by a then current registration statement under the
Securities Act of 1933, as amended (the "Securities Act"), and is not otherwise
exempt from such registration, such Shares shall be restricted against transfer
to the extent required by the Securities Act and Rule 144 or other regulations
thereunder. The Committee may require the Optionee, as a condition precedent to
receipt of Shares hereunder, to represent and warrant to the Company in writing

                                       4
<PAGE>

that the Shares acquired by him are acquired without a view to any distribution
thereof and will not be sold or transferred other than pursuant to an effective
registration thereof under the Securities Act or pursuant to an exemption
applicable under the Securities Act or the rules and regulations promulgated
thereunder. The certificates evidencing any of such Shares shall be
appropriately amended to reflect their status as restricted securities as
aforesaid.

         14. Governing Law.
             -------------

                  14.1 The validity, interpretation, construction and
performance of this Agreement shall be governed by the laws of the State of
Delaware without giving effect to the conflicts of laws principles thereof.

                  14.2 The obligation of the Company to sell or deliver Shares
covered by the Option shall be subject to all applicable laws, rules and
regulations, including all applicable federal and state securities laws, and the
obtaining of all such approvals by governmental agencies as may be deemed
necessary or appropriate by the Committee.

         15. Successors in Interest.
             ----------------------

                  This Agreement shall inure to the benefit of and be binding
upon any successor to the Company. This Agreement shall inure to the benefit of
the Optionee's legal representatives. All obligations imposed upon the Optionee
and all rights granted to the Company under this Agreement shall be final,
binding and conclusive upon the Optionee's heirs, executors, administrators and
successors.

         16. Resolution of Disputes.
             ----------------------

                  Any dispute or disagreement which may arise under, or as a
result of, or in any way relate to, the interpretation, construction or
application of this Agreement shall be determined by the Committee. Any
determination made hereunder shall be final, binding and conclusive on the
Optionee and the Company for all purposes.

         17. Interpretation.
             --------------

                  The grant of the Option pursuant hereto is intended to comply
with Rule 16b-3 promulgated under the Exchange Act and the Committee shall
interpret and administer the provisions of this Agreement in a manner consistent
therewith. Any provisions inconsistent with such rule shall be inoperative and
shall not affect the validity of this Agreement.

                                       5
<PAGE>

         18. Administration.
             --------------

                  18.1 This Agreement shall be administered by the Committee.
The Committee shall consist of at least two (2) Directors and may consist of the
entire Board; provided, however, that if the Committee consists of less than the
entire Board, each member shall be a Nonemployee Director. For purposes of the
preceding sentence, if one or more members of the Committee is not a Nonemployee
Director but recuses himself or herself or abstains from voting with respect to
a particular action taken by the Committee, then the Committee, with respect to
that action, shall be deemed to consist only of the members of the Committee who
have not recused themselves or abstained from voting.

                  18.2 No member of the Committee shall be liable for any
action, failure to act, determination or interpretation made in good faith with
respect to this Agreement. The Company hereby agrees to indemnify each member of
the Committee for all costs and expenses and, to the extent permitted by
applicable law, any liability incurred in connection with defending against,
responding to, negotiating for the settlement of or otherwise dealing with any
claim, cause of action or dispute of any kind arising in connection with any
actions in administering this Agreement or in authorizing or denying
authorization to any transaction hereunder.

                  18.3 Subject to the express terms and conditions set forth
herein, the Committee shall have the power from time to time:

                           (a) to construe and interpret this Agreement and to
establish, amend and revoke rules and regulations
for the administration of this Agreement, including, but not limited to,
correcting any defect or supplying any omission, or reconciling any
inconsistency in this Agreement, in the manner and to the extent it shall deem
necessary or advisable, including so that this Agreement complies with Rule
16b-3 under the Exchange Act, the Code to the extent applicable and other
applicable law, and otherwise to make this Agreement fully effective. All
decisions and determinations by the Committee in the exercise of this power
shall be final, binding and conclusive upon the Company, its Subsidiaries, the
Optionee, and all other persons having any interest herein;

                           (b) to exercise its discretion with respect to the
powers and rights granted to it as set forth in
this Agreement; and

                           (c) generally, to exercise such powers and to perform
such acts as are deemed necessary or advisable
to promote the best interests of the Company with respect to this Agreement.

         19. Board Approval.
             --------------

                  The effectiveness of this Agreement and of the grant of the
Option pursuant hereto is subject to the approval of the Board.

         20. Definitions.
             -----------

                  For purposes of this Agreement:

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

                                       6
<PAGE>

                  20.2 "Change in Capitalization" means any increase or
reduction in the number of Shares, or any change (including, but not limited to,
in the case of a spin-off, dividend or other distribution in respect of Shares,
a change in value) in the Shares or exchange of Shares for a different number or
kind of shares or other securities of the Company or another corporation, by
reason of a reclassification, recapitalization, merger, consolidation,
reorganization, spin-off, split-up, issuance of warrants or rights or
debentures, stock dividend, stock split or reverse stock split, cash dividend,
property dividend, combination or exchange of shares, repurchase of shares,
change in corporate structure or otherwise.

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

                  20.4 "Committee" means the committee, appointed by the Board
from time to time, to administer this Agreement and to perform the functions set
forth herein.

                  20.5     "Director" means a director of the Company.

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

                  20.7 "Fair Market Value" on any date means the closing sales
price of the Shares on such date on the principal national securities exchange
on which such Shares are listed or admitted to trading, or, if such Shares are
not so listed or admitted to trading, the average of the per Share closing bid
price and per Share closing asked price on such date as quoted on the National
Association of Securities Dealers Automated Quotation System or such other
market (including the "pink sheets") in which such prices are regularly quoted,
or, if there have been no published bid or asked quotations with respect to
Shares on such date, the value established by the Committee in good faith.

                  20.8 "Nonemployee Director" means a director of the Company
who is a "nonemployee director" within the meaning of Rule 16b-3 promulgated
under the Exchange Act.

                  20.9 "Shares" means the common stock, par value $0.001 per
share, of the Company.

                  20.10 "Subsidiary" means any corporation which is a subsidiary
corporation (within the meaning of Section 424(f) of the Code) with respect to
the Company.

                  20.11 "Successor Corporation" means a corporation, or a parent
or subsidiary thereof within the meaning of Section 424(a) of the Code, which
issues or assumes a stock option in a Transaction.

                                       7
<PAGE>

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

                                      theglobe.com, inc.

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

                                      Optionee

                                      By:
                                         -------------------------------
                                         Charles Peck

                                         Address:

                                       8
<PAGE>

                                                                       Exhibit I

                               NOTICE OF EXERCISE

theglobe.com, inc.
120 Broadway
New York, NY  10271                              Date of Exercise:  ____________

Ladies and Gentlemen:

         This constitutes notice under my Nonqualified Stock Option Agreement
(the "Option Agreement") that I elect to purchase the number of shares for the
price set forth below.

Stock option dated:                       _____________________

Number of shares as to which option is
exercised:                                _____________________

Certificates to be issued in name of:
                                          ______________________

Total exercise price:                    $ ____________________

Cash payment delivered herewith:
                                         $ ____________________

                                       9
<PAGE>

         By this exercise, I agree (i) to provide such additional documents as
you may require pursuant to the terms the Option Agreement, and (ii) to provide
for the payment by me to you (in the manner designated by you) of your
withholding obligation, if any, relating to the exercise of this option.

                                                          Very truly yours,

                                                          Charles Peck
                                                          Address:Exhibit 4.4

                               THEGLOBE.COM, INC.

                      NON QUALIFIED STOCK OPTION AGREEMENT

I.       NOTICE OF STOCK OPTION GRANT

         Edward A. Cespedes

                        110 E. Broward Blvd., 14th Floor
                            Ft. Lauderdale, FL 33301

         You ("Optionee") have been granted an option to purchase Common Stock
of The company, subject to the terms and conditions of this Stock Option
Agreement. The terms of your grant are set forth below:

                  Date of Grant:                              August 12, 2002

                  Vesting  Date:                              August 12, 2002

                  Exercise Price per Share                    0.02 per Share

                  Total Number of Shares Granted              1,750,000

                  Total Exercise Price:                       $35,000.00

                  Type of Option:                             Non-Qualified
                                                              Stock Option

                  Term/Expiration                             Date: August 12,
                                                              2012 (Tenth
                                                              anniversary of
                                                              date of
                                                              grant.)-Exercise
                                                              period shall not
                                                              be reduced by
                                                              termination of
                                                              employment.

         Exercise and Vesting Schedule:
         ------------------------------

         This option shall vest and become exercisable immediately upon grant.

         Termination Period:
         -------------------

                  This Option may be exercised to the extent vested, at any time
         prior to the term/expiration date provided above.
<PAGE>

II. AGREEMENT:

         1. Grant of Option. The Company hereby grants the Optionee an option to
         purchase the number of Shares set forth in the Notice of Stock Option
         Grant (the "Notice of Grant"), at the exercise price per share set
         forth in the Notice of Grant (the "Exercise Price"). This Option is not
         intended to, and does not qualify as an Incentive stock Option as
         defined in Section 422 of the Code.

         2. Exercise of Option. This Option is exercisable as follows:

                  (a) Right to exercise.

                           (i) This option shall be exercisable cumulatively
                           according to the vesting schedule set out in the
                           Notice of Grant.

                           (ii) This Option may not be exercised for a fraction
                           of a Share.

                           (iii) In the event of Optionee's termination of
                           Continuous Status as an Employee or Consultant, the
                           exercisability of the Option is governed by Section 5
                           below.

                           (iv) In no event may this Option be exercised after
                           the date of expiration of the term of this Option as
                           set forth in the Notice of Grant.

                  (b) Method of Exercise. This Option shall be exercisable by
                  written notice (in the form attached as Exhibit A). The notice
                  must state the number of Shares for which the Option is being
                  exercised, and such other representations and agreements with
                  respect to such shares of Common Stock as may be required by
                  the Company pursuant to the provisions of the plan or as may
                  be necessary in order for the Company to comply with
                  Applicable Laws. The notice must be signed by the Optionee and
                  shall be delivered in person or by certified mail to the
                  Secretary of the company. The notice must be accompanied by
                  payment of the Exercise Price, including payment of any
                  applicable withholding tax. This option shall be deemed to be
                  exercised upon receipt by the company of such written Notice
                  accompanied by the Exercise Price and payment of any
                  applicable withholding tax.

                           No Shares shall be issued pursuant to the exercise of
                  an Option unless such issuance and such exercise comply with
                  Applicable Laws and the requirements of any stock exchange
                  upon which the Shares may then be listed. Assuming such
                  compliance, for income tax purposes the Shares shall be
                  considered transferred to the Optionee on the date on which
                  the option is exercised with respect to such Shares.

                                       2
<PAGE>

         3. Method of Payment. Payment of the Exercise Price shall be any of the
         following, or a combination thereof, at the election of the Optionee:

                  (a) cash;

                  (b) check;

                  (c) with the consent of the Administrator, other share of
                  Common Stock that (i) in the case of shares acquired upon
                  exercise of an option granted by the company either have been
                  owned by the Optionee for more than six months on the date of
                  surrender or were not acquired, directly or indirectly, from
                  the Company, and (ii) have a fair market value on the date of
                  surrender equal to the aggregate exercise price of the shares
                  as to which said option shall be exercised;

                  (d) with the consent of the Administrator in its sole and
                  absolute discretion, authorization from the company to retain
                  the total number of shares as to which the option is exercised
                  that number of shares having a Fair Market Value on the date
                  of exercise equal to the exercise price for the total number
                  of shares as to which the Option is exercised;

                  (e) with the consent of the Administrator, delivery of a
                  properly executed exercise notice together with irrevocable
                  instructions to a broker to deliver promptly to the company
                  the amount of sale or loan proceeds required to pay the
                  exercise price;

                  (f) with the consent of the Administrator a combination of any
                  of the foregoing methods of payment;

                  (g) with the consent of the Administrator, a combination of
                  any of the foregoing methods of payment at least equal in
                  value to the stated capital represented by the shares to be
                  issued, plus a promissory note for the balance of the exercise
                  price; or

                  (h) with the consent of the administrator, such other
                  consideration and method of payment for the issuance of shares
                  to the extent permitted under Applicable Laws.

         4. Restrictions on Exercise. If the issuance of Shares upon such
         exercise or if the method of payment for such shares would constitute a
         violation of any applicable federal or state securities or other law or
         regulation, then the Option may also not be exercised. The Company may
         require Optionee to make any representation and warranty to the Company
         as may be required by any applicable law or regulation before allowing
         the Option to be exercised.

                                       3
<PAGE>

         5. Effect of Certain Transactions.

                  In the event of a merger or consolidation of the Company with
         or into another corporation, or the sale of substantially all of the
         assets of the Company (a "Transaction"), the Option shall be assumed,
         or an equivalent option shall be substituted, by the Successor
         Corporation; provided, however, that, unless otherwise determined by
         the Committee, the Option shall remain subject to all of the conditions
         and restrictions which were applicable to the Option prior to such
         assumption or substitution. For the purposes of this paragraph, the
         Option shall be considered assumed if, following the merger or sale of
         assets, the option confers the right to purchase or receive upon
         exercise, for each Share subject to the Option immediately prior to the
         Transaction, the consideration (whether stock, cash, or other
         securities or property) received in the Transaction for each Share held
         on the effective date of the Transaction (and if holders were offered a
         choice of consideration, the type of such consideration as determined
         by the Board).

         6. Termination of Relationship. If Optionee terminates Continuous
         Status as an Employee or Consultant for any reason, Optionee may
         exercise this option during the Termination Period set out in the
         Notice of Grant, to the extent the Option was vested at the date of
         such termination. To the extent that Optionee was not vested in this
         option at the date on which Optionee terminates Continuous Status as an
         Employee or Consultant, or if Optionee does not exercise this option
         within the time specified herein, the Optionee shall terminate.

         7. Non-Transferability of Option. This option may not be transferred in
         any manner except by will or by the laws of descent or distribution. It
         may be exercised during the lifetime of Optionee only by Optionee. The
         terms of this Option shall be binding upon the executors,
         administrators, heirs, successors and assigns of the Optionee.

         8. Term of Option. This Option may be exercised only within the terms
         set out in the Notice of Grant.

         9. Registration. Theglobe.com will take all steps necessary to register
         this option grant on form S-8 or any other form necessary as soon as
         practical, following execution of this agreement.

                            (SIGNATURE PAGE FOLLOWS)

                                       4
<PAGE>

         This agreement may be executed in two or more counterparts, each of
         which shall be deemed an original and all of which shall constitute one
         document.

                                          theglobe.com

                                          By:_________________________________

                                          Name:_______________________________

                                          Title:_______________________________

         Optionee hereby accepts this Option subject to all of the terms and
         provisions hereof. Optionee has reviewed this Option in it's entirety,
         had an opportunity to obtain the advice of counsel prior to executing
         this Option and full understands all provisions of the Option. Optionee
         hereby agrees to accept as binding conclusive and final all decisions
         or interpretations of the Administrator upon any questions arising
         under the Plan or this Option. Optionee further agrees to notify the
         Company upon any changes in the residence address indicated below.

         Dated: ______________, 2002

                                      ____________________________________
                                      EDWARD A. CESPEDES

                                                Address:

                                                110 E. Broward Blvd., 14th Floor
                                                Ft. Lauderdale, FL 33301

                                       5
<PAGE>

                                    EXHIBIT A
                                    ---------

                                  THEGLOBE.COM

                                 EXERCISE NOTICE

         theglobe.com, Inc.

         Attention:  Secretary

         1. Exercise of Option. Effective as of today, __________, ______, the
         undersigned ("Optionee") hereby elects to exercise Optionee's option to
         purchase _________ shares of the Common Stock (the "Shares") of
         theglobe.com, Inc. (the "Company") under and pursuant to the
         Non-Qualified Stock Option Agreement dated __________, __________, (the
         "Option Agreement")

         2. Representations of Optionee. Optionee acknowledges that Optionee has
         received read and understood the Plan and the Option Agreement.
         Optionee agrees to abide by and be bound by their terms and conditions.

         3. Rights as Stockholder. Until the stock certificate evidencing such
         Shares is issued (as evidenced by the appropriate entry on the books of
         the Company or of a duly authorized transfer agent of the Company), no
         right to vote or receive dividends or any other rights as a stockholder
         shall exist with respect to Shares subject to the Option,
         notwithstanding the exercise of the Option. The Company shall issue (or
         cause to be issued) such stock certificate promptly after the Option is
         exercised. No adjustment will be made for a dividend or other right for
         which the record date is prior to the date the stock certificate is
         issued, except as provided in Section IV of Article One of the Plan.
         Optionee shall enjoy rights as a stockholder until such time as
         Optionee disposes of the Shares.

         4. Tax Consultation. Optionee understands that Optionee may suffer
         adverse tax consequences as a result of Optionee's purchase or
         disposition of the Shares. Optionee represents that Optionee has
         consulted with any tax consultants Optionee deems advisable in
         connection with the purchase or disposition of the Shares and that
         Optionee is not relying on the Company for any tax advice.

         5. Restrictive Legends.

                  (a) Legends. Optionee understands and agrees that the Company
                  shall cause any other legends that may be required by state or
                  federal securities laws to be placed upon any certificate(s)
                  evidencing ownership of the Shares.

                                       6
<PAGE>

                  (b) Refusal to Transfer. The Company shall not be required (I)
                  to transfer on its books any shares that have been sold or
                  otherwise transferred in violation of any of the provisions of
                  this Agreement or (ii) to treat as owner of such Shares or to
                  accord the right to vote or pay dividends to any purchaser or
                  other transferee to whom such Shares shall have been so
                  transferred.

         6. Successors and Assigns. The Company may assign any of its rights
         under this agreement to single or multiple assignees, and this
         Agreement shall inure to the benefit of the successors and assigns of
         the Company. Subject to the restrictions on transfer herein set forth,
         this agreement shall be binding upon Optionee and his or her heirs,
         executors, administrators, successors and assigns.

         7. Interpretation. Any dispute regarding the interpretation of this
         Agreement shall be submitted by Optionee or by the Company forthwith to
         the Administrator, which shall review such dispute at its next regular
         meeting. The resolution of such a dispute by the Administrator shall be
         final and binding on the Company and the Optionee.

         8. Governing Law; Severability. This Agreement shall be governed by and
         constructed in accordance with the laws of the State of Delaware
         excluding that body of law pertaining to conflicts of law. Should any
         provision of this agreement be determined by a court of law to be
         illegal or unenforceable, the other provisions shall nevertheless
         remain effective and shall remain enforceable.

         9. Notices. Any notice required or permitted hereunder shall be given
         in writing and shall be deemed effectively given upon personal delivery
         or upon deposit in the United States mail by certified mail, with
         postage and fees prepaid, addressed to the other party at its address
         shown below beneath its signature, or to such other addresses as such
         party may designate in writing from time to time with the other party.

         10. Further Instruments. The parties agree to execute such further
         instruments and to take such further action as may be reasonably
         necessary to carry out the purposes and intent of this Agreement.

         11. Delivery of Payment. Optionee herewith delivers to the Company the
         full Exercise Price for the Shares, as well as any applicable
         withholding tax.

         12. Entire Agreement. The Plan and Option Agreement are incorporated
         herein by reference. This Agreement, the Plan and the Option Agreement
         constitute the entire agreement if the parties and supersede in their
         entirety all prior undertakings and agreements of the Company and
         Optionee with respect to the subject matter hereof.

                                       7
<PAGE>

         Submitted by:                           Accepted by:

         Optionee:                               theglobe.com, Inc.

         _______________________________         By:___________________________

                                                 Its:___________________________

         Address:

         __________________________

         __________________________

         __________________________

                                       8

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