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Prepared by MERRILL CORPORATION

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EXHIBIT 10.1    
  

 
 

PROMISSORY NOTE    
  

	$225,000	 	 	 	Sunnyvale, California

March 13, 2001

    For
value received, the undersigned promises to pay Preview Systems, Inc., a Delaware corporation (the "Company"), at its
principal office the principal sum of $225,000 with interest from the date hereof at a rate of 6.25% per annum, compounded annually, on the unpaid balance of such principal sum. Such principal and
interest shall be due and payable on August 15, 2002. 

    Principal
and interest are payable in lawful money of the United States of America. AMOUNTS DUE UNDER THIS NOTE MAY BE PREPAID AT ANY TIME WITHOUT PREMIUM OR PENALTY. Any such prepaid
amounts shall be applied to accrued interest before application to any principal amount due. 

    Should
suit be commenced to collect any sums due under this Note, such sum as the Court may deem reasonable shall be added hereto as attorneys' fees. The makers and endorsers have
severally waived presentment for payment, protest, notice of protest, and notice of nonpayment of this Note. 

    This
Note is full recourse. 

	 	 	
 Vincent Pluvinage

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EXHIBIT 10.1

PROMISSORY NOTEPrepared by MERRILL CORPORATION

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EXHIBIT 10.2    
  

 
 

AMENDED PROMISSORY NOTE    
  

	$25,000	 	 	 	Sunnyvale, California

March 13, 2001

    For
value received, the undersigned promises to pay to Preview Systems, Inc., a Delaware corporation (the "Company"), at its
principal office the principal sum of $25,000 with interest from the date of this Note at a rate of 6% per annum, compounded semi-annually, on the unpaid balance of such principal sum. Such principal
and interest shall be due and payable on December 15, 2002. 

    Principal
and interest are payable in lawful money of the United States of America. Amounts due under this Note may be prepaid at any time without interest or penalty. 

    Should
suit be commenced to collect this any sums due under this Note, such sum as the Court may deem reasonable shall be added hereto as attorneys' fees. The makers and endorsers
have severally waived presentment for payment, protest, notice of protest, and notice of non-payment of this Note. 

    This
Note, which is full recourse, is secured by a pledge of certain shares of Common Stock of the Company and is subject to the terms of a Early Exercise Notice and Restricted Stock
Purchase Agreement between the undersigned and the Company dated October 3, 1997. 

    This
Note replaces and supersedes that certain Promissory Note dated October 14, 1997 issued to Preview Software, Inc., a predecessor to the Company, by the undersigned. 

	 	 	
 Vincent Pluvinage

 
 

AMENDED PROMISSORY NOTE    
  

	$75,000	 	 	 	Sunnyvale, California

March 13, 2001

    For
value received, the undersigned promises to pay to Preview Systems, Inc., a Delaware corporation (the "Company"), at its
principal office the principal sum of $75,000 with interest from the date of this Note at a rate of 6% per annum, compounded semi-annually, on the unpaid balance of such principal sum. Such principal
and interest shall be due and payable on December 15, 2002. 

    Principal
and interest are payable in lawful money of the United States of America. Amounts due under this Note may be prepaid at any time without interest or penalty. 

    Should
suit be commenced to collect this any sums due under this Note, such sum as the Court may deem reasonable shall be added hereto as attorneys' fees. The makers and endorsers
have severally waived presentment for payment, protest, notice of protest, and notice of non-payment of this Note. 

    This
Note, which is full recourse, is secured by a pledge of certain shares of Common Stock of the Company and is subject to the terms of a Early Exercise Notice and Restricted Stock
Purchase Agreement between the undersigned and the Company dated December 31, 1997. 

    This
Note replaces and supersedes that certain Promissory Note dated December 31, 1997 issued to Preview Software, Inc., a predecessor to the Company, by the
undersigned. 

	 	 	
 Vincent Pluvinage

 
 

AMENDED PROMISSORY NOTE    
  

	$25,000	 	 	 	Sunnyvale, California

March 13, 2001

    For
value received, the undersigned promises to pay to Preview Software, Inc., a California corporation (the "Company"), at its
principal office the principal sum of $25,000 with interest from the date of this Note at a rate of 6% per annum, compounded semi-annually, on the unpaid balance of such principal sum. Such principal
and interest shall be due and payable on December 15, 2002. 

    Principal
and interest are payable in lawful money of the United States of America. Amounts due under this Note may be prepaid at any time without interest or penalty. 

    Should
suit be commenced to collect this any sums due under this Note, such sum as the Court may deem reasonable shall be added hereto as attorneys' fees. The makers and endorsers
have severally waived presentment for payment, protest, notice of protest, and notice of non-payment of this Note. 

    This
Note, which is full recourse, is secured by a pledge of certain shares of Common Stock of the Company and is subject to the terms of a Early Exercise Notice and Restricted Stock
Purchase Agreement between the undersigned and the Company dated January 2, 1998. 

    This
Note replaces and supersedes that certain Promissory Note dated January 2, 1998 issued to Preview Software, Inc., a predecessor to the Company, issued to the
Company by the undersigned. 

	 	 	
 Vincent Pluvinage

 
 

AMENDED PROMISSORY NOTE    
  

	$812,475.00	 	 	 	Sunnyvale, California

March 13, 2001

    For
value received, the undersigned promises to pay Preview Systems, Inc., a Delaware corporation (the "Company"), at its
principal office the principal sum of $812,475.00 with interest from the date hereof at a rate of 5.32% per annum, compounded semiannually, on the unpaid balance of such principal sum. Such principal
and interest shall be due and payable on December 15, 2002. 

    Principal
and interest are payable in lawful money of the United States of America. AMOUNTS DUE UNDER THIS NOTE MAY BE PREPAID AT ANY TIME WITHOUT INTEREST OR PENALTY. 

    Should
suit be commenced to collect any sums due under this Note, such sum as the Court may deem reasonable shall be added hereto as attorneys' fees. The makers and endorsers have
severally waived presentment for payment, protest, notice of protest, and notice of nonpayment of this Note. 

    This
Note, which is full recourse, is secured by a pledge of certain shares of Common Stock of the Company and is subject to the terms of a Pledge and Security Agreement between the
undersigned and the Company dated as of July 5, 1999. 

    This
Note replaces and supersedes that certain Promissory Note dated July 5, 1999 issued to the Company by the undersigned. 

	 	 	
 Vincent Pluvinage

 
 

AMENDED PROMISSORY NOTE    
  

	$175,000	 	 	 	Sunnyvale, California

March 13, 2001

    For
value received, the undersigned promises to pay Preview Systems, Inc., a Delaware corporation (the "Company"), at its
principal office the principal sum of $175,000 with interest from October 11, 2000 to March 12, 2001 at a rate of 11% per annum, compounded annually and from the date hereof at a rate of
6.25% per annum, compounded annually, on the unpaid balance of such principal sum. Such principal and interest shall be due and payable on August 15, 2002. 

    Principal
and interest are payable in lawful money of the United States of America. AMOUNTS DUE UNDER THIS NOTE MAY BE PREPAID AT ANY TIME WITHOUT PREMIUM OR PENALTY. Any such prepaid
amounts shall be applied to accrued interest before application to any principal amount due. 

    Should
suit be commenced to collect any sums due under this Note, such sum as the Court may deem reasonable shall be added hereto as attorneys' fees. The makers and endorsers have
severally waived presentment for payment, protest, notice of protest, and notice of nonpayment of this Note. 

    This
Note is full recourse. 

    This
Note replaces and supersedes that certain Promissory Note dated October 11, 2000 issued to the Company by the undersigned. 

	 	 	
 Vincent Pluvinage

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EXHIBIT 10.2

AMENDED PROMISSORY NOTE

AMENDED PROMISSORY NOTE

AMENDED PROMISSORY NOTE

AMENDED PROMISSORY NOTE

AMENDED PROMISSORY NOTEPrepared by MERRILL CORPORATION

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EXHIBIT 10.3    
  

 
 

PREVIEW SYSTEMS, INC.
  OFFICER RETENTION, SEVERANCE, AND ACCELERATED VESTING AGREEMENT    
  

Name: Jeff Brown                                        
   Date: March 16, 2001 

    Preview
Systems wishes to provide you with an incentive to continue in the service of the Company through certain potential transactions and for a reasonable period of time
thereafter. If you wish to receive the Retention Bonus and Severance Agreement, please sign the bottom of this letter indicating your acknowledgement and agreement to the terms described in this
letter, and return it to HR no later than 5:00 p.m. on March    , 2001. 

Retention Bonus Amount:  

    Lump sum payment equal to three months of your base salary, reduced by applicable withholding taxes. 

Severance Amount:  

    If you are terminated without cause prior to June 30, 2001, a lump sum payment equal to six months of your base salary, reduced by applicable
withholding taxes. 

    If
you are terminated without cause on or after June 30, 2001, a lump sum payment equal to three months of your base salary, reduced by applicable withholding taxes. 

    Accelerated Vesting: 50% of unvested options or unvested stock subject to repurchase 

Conditions for Receipt of the Retention Bonus: You will receive the Retention Bonus if 

    One
of the following circumstances applies to you: 

	•
	You
accept an offer of employment with an acquiring company, and you continue in your active full time Preview Systems employment until the closing of the
transaction; or

	•
	You
don't receive an offer from an acquiring company that provides for at least equal base salary and similar responsibilities, and you continue in your
active full time Preview Systems employment until June 30, 2001. 

    And
you meet each of the following conditions: 

	•
	You
do not apply for employment or engage in discussions regarding future employment with Digital River, Inc., Intraware Inc., Macrovision Inc.,
Corporate Software & Technology Inc., Microsoft Corp., RealNetworks Inc., Intertrust Technologies Corp., Software Spectrum Inc., Liquid Audio Inc., AOL Time Warner Inc., Verity Inc., or Virage
Inc. prior to the closing date of a transaction with an acquiring company or June 30, 2001, whichever is applicable to you under the above conditions; and

	•
	You
maintain the confidentiality of "this Retention Bonus offer.

	•
	You
sign and return a general release of claims in a form provided by Preview Systems (a copy of which is attached) within the time frame described on the
release. 

Conditions for Receipt of the Severance Amount:  

	•
	Your
employment with the Company is terminated by the Company without cause, other than on account of your commencement of employment with an acquiring
company. 

 

    And
you meet each of the following conditions: 

	•
	You
do not apply for employment or engage in discussions regarding future employment with Digital River, Inc., Intraware Inc., Macrovision Inc.,
Corporate Software & Technology Inc., Microsoft Corp., RealNetworks Inc., Intertrust Technologies Corp., Software Spectrum Inc., Liquid Audio Inc., AOL Time Warner Inc., Verity Inc., or Virage
Inc. prior to the closing date of a transaction with an acquiring company or June 30, 2001, whichever is applicable to you under the above conditions; and

	•
	You
maintain the confidentiality of this Severance offer.

	•
	You
sign and return a general release of claims in a form provided by Preview Systems (a copy of which is attached) within the time frame described on the
release. 

Condition for Receipt of Accelerated Vesting:  Termination of employment for other than cause. 

	 	 	Preview Systems, Inc.
	

 	
 	

By:	
 	

 
	 	 	 	 	

	 	 	Title:	 	President & CEO

	ACKNOWLEDGED AND ACCEPTED:	 	 	 
	  	 	 	 
	  	 	 	 
	  	 	 	 
	
	 	Date:  
	 

2

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EXHIBIT 10.3

PREVIEW SYSTEMS, INC. OFFICER RETENTION, SEVERANCE, AND ACCELERATED VESTING AGREEMENT

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