Document:

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                                                                    Exhibit 4.10

                               PURCHASE AGREEMENT

         THIS AGREEMENT is made as of the __ day of May, 2002, by and between
iDine Rewards Network Inc. (the "Company"), a corporation organized under the
laws of the State of Delaware, with its principal offices at 11900 Biscayne
Boulevard, Suite 460, Miami, Florida 33181, and the purchaser whose name and
address is set forth on the signature page hereof (the "Purchaser").

         IN CONSIDERATION of the mutual covenants contained in this Agreement,
the Company and the Purchaser agree as follows:

         SECTION 1. Authorization of Sale of the Shares. Subject to the terms
                    -----------------------------------
and conditions of this Agreement, the Company has authorized the sale of up to
4,414,000 shares (the "Shares") of common stock, par value $0.02 per share (the
"Common Stock"), of the Company.

         SECTION 2. Agreement to Sell and Purchase the Shares.  At the Closing
                    -----------------------------------------
(as defined in Section 3), the Company will sell to the Purchaser, and the
Purchaser will buy from the Company, upon the terms and conditions hereinafter
set forth, the number of Shares (at the purchase price) shown below:

                             Price Per
         Number to Be        Share In      Aggregate
          Purchased           Dollars        Price
         ------------        ----------    ---------

         The Company proposes to enter into substantially the same form of
purchase agreement with certain other investors (the "Other Purchasers") and
expects to complete sales of the Shares to them. The Purchaser and the Other
Purchasers are hereinafter sometimes collectively referred to as the
"Purchasers," and this Agreement and the agreements executed by the Other
Purchasers are hereinafter sometimes collectively referred to as the
"Agreements."  The term "Placement Agent" shall mean Fulcrum Global Partners
LLC.

         SECTION 3.  Delivery of the Shares at the Closing.  The completion of
                     -------------------------------------
the purchase and sale of the Shares (the "Closing") shall occur as soon as
practicable and as agreed to by the parties hereto, following notification by
the Securities and Exchange Commission (the "Commission") to the Company of the
Commission's willingness to declare effective the registration statement to be
filed by the Company pursuant to Section 7.1 hereof (the "Registration
Statement") at a place and time (the "Closing Date") to be agreed upon by the
Company and the Placement Agent.  The Company will promptly notify the
Purchasers by facsimile transmission or otherwise of the date, place and time of
the Closing; provided, however, that the Company will use its best efforts to
ensure that the Registration Statement shall be declared effective no later than
5:00 p.m. on the Closing Date.
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         At the Closing, the Company shall deliver to the Purchaser one or more
stock certificates registered in the name of the Purchaser, or , if so indicated
on the Stock Certificate Questionnaire attached hereto as Appendix I, in such
nominee name(s) as designated by the Purchaser, representing the number of
Shares set forth in Section 2 above and bearing an appropriate legend referring
to the fact that the Shares were sold in reliance upon the exemption from
registration under the Securities Act of 1933, as amended (the "Securities Act")
provided by Section 4(2) thereof and Rule 506 thereunder.  The Company, at the
request of the Purchaser, will promptly substitute one or more replacement
certificates without the legend at such time as the Registration Statement is
declared effective. The name(s) in which the stock certificates are to be
registered are set forth in the Stock Certificate Questionnaire attached hereto
as Appendix I.  The Company's obligation to complete the purchase and sale of
the Shares and deliver such stock certificate(s) to the Purchaser at the Closing
shall be subject to the following conditions, any one or more of which may be
waived by the Company:  (a) receipt by the Company of same-day funds in the full
amount of the purchase price for the Shares being purchased hereunder; (b)
completion of the purchases and sales under the Agreements with all of the Other
Purchasers; and (c) the accuracy in all material respects of the representations
and warranties made by the Purchasers and the fulfillment of those undertakings
of the Purchasers to be fulfilled prior to the Closing. The Purchaser's
obligation to accept delivery of such stock certificate(s) and to pay for the
Shares evidenced thereby shall be subject to the following conditions, any one
or more of which may be waived by the Purchaser: (a) the Commission has notified
the Company of the Commission's willingness to declare the Registration
Statement effective on or prior to the 60/th/ day after the date such
Registration Statement was filed by the Company; (b) each of the representations
and warranties of the Company made herein shall be accurate in all material
respects at the Closing Date with the same effect as though made at and as of
such date; and (c) the fulfillment in all material respects of those
undertakings of the Company to be fulfilled prior to Closing.  The Purchaser's
obligations hereunder are expressly not conditioned on the purchase by any or
all of the Other Purchasers of the Shares that they have agreed to purchase from
the Company.

         SECTION 4.  Representations, Warranties and Covenants of the Company.
                     ---------------------------------------------------------
The Company hereby represents and warrants to, and covenants with, the Purchaser
as follows:

         4.1.   Organization and Qualification.  The Company is a corporation
                ------------------------------
duly incorporated, validly existing and in good standing under the laws of the
State of Delaware and the Company is qualified to do business as a foreign
corporation in each jurisdiction in which qualification is required, except
where failure to so qualify would not reasonably be expected to have a material
adverse effect upon the business, financial condition, properties or operations
of the Company and all of its material subsidiaries, which are listed on Exhibit
A (each a "Subsidiary" and collectively the "Subsidiaries"), taken as a whole (a
"Material Adverse Effect").  Each Subsidiary is a direct or indirect wholly-
owned subsidiary of the Company.  Each Subsidiary is duly organized, validly
existing and in good standing under the laws of its jurisdiction of organization
and is qualified to do business as a foreign entity in each jurisdiction in
which qualification is required, except where failure to so qualify would not
have a Material Adverse Effect.

         4.2.   Authorized Capital Stock.  Except as disclosed in or
                ------------------------
contemplated by the Confidential Private Placement Memorandum, dated May 20,
2002, prepared by the Company,

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including all Exhibits, supplements and amendments thereto (the "Private
Placement Memorandum") or the Company's publicly available filings with the
Commission (the "Public Filings"), the Company had outstanding capital stock of
approximately 15,902,000 shares of Common Stock and approximately 4,124,000
shares of Series A preferred stock, $0.10 par value per share (the "Preferred
Stock"), as set forth under the heading "Capitalization" in the Private
Placement Memorandum as of the date set forth therein; the issued and
outstanding shares of the Company's Common Stock have been duly authorized and
validly issued, are fully paid and nonassessable, have been issued in compliance
with all federal and state securities laws, were not issued in violation of or
subject to any preemptive rights or other rights to subscribe for or purchase
securities, and conform in all material respects to the description thereof
contained in the Private Placement Memorandum or the Public Filings. Except as
disclosed in the Private Placement Memorandum or the Public Filings, the Company
does not have outstanding any options to purchase, or any preemptive rights or
other rights to subscribe for or to purchase, any securities or obligations
convertible into, or any contracts or commitments to issue or sell, shares of
its capital stock or any such options, rights, convertible securities or
obligations. The description of the Company's stock, stock bonus and other stock
plans or arrangements and the options or other rights granted and exercised
thereunder, set forth in the Private Placement Memorandum or the Public Filings
accurately and fairly presents in all material respects the information required
to be shown with respect to such plans, arrangements, options and rights. With
respect to each Subsidiary, (i) all the issued and outstanding shares of each
Subsidiary's capital stock have been duly authorized and validly issued, are
fully paid and nonassessable, have been issued in compliance with applicable
federal and state securities laws, were not issued in violation of or subject to
any preemptive rights or other rights to subscribe for or purchase securities,
and (ii) there are no outstanding options to purchase, or any preemptive rights
or other rights to subscribe for or to purchase, any securities or obligations
convertible into, or any contracts or commitments to issue or sell, shares of
the Subsidiary's capital stock or any such options, rights, convertible
securities or obligations.

         4.3.   Issuance, Sale and Delivery of the Shares.  The Shares have been
                -----------------------------------------
duly authorized and, when issued, delivered and paid for in the manner set forth
in this Agreement, will be duly authorized, validly issued, fully paid and
nonassessable, and will conform in all material respects to the description
thereof set forth in the Private Placement Memorandum or the Public Filings.  No
preemptive rights or other rights to subscribe for or purchase exist with
respect to the issuance and sale of the Shares by the Company pursuant to this
Agreement.  No stockholder of the Company has any right (which has not been
waived or has not expired by reason of lapse of time following notification of
the Company's intent to file the Registration Statement) to require the Company
to register the sale of any shares owned by such stockholder under the
Securities Act in the Registration Statement.  No further approval or authority
of the stockholders or the Board of Directors of the Company will be required
for the issuance and sale of the Shares to be sold by the Company as
contemplated herein.

         4.4.   Due Execution, Delivery and Performance of this Agreement.  The
                ---------------------------------------------------------
Company has full legal right, corporate power and authority to enter into this
Agreement and perform the transactions contemplated hereby.  This Agreement has
been duly authorized, executed and delivered by the Company.  The execution,
delivery and performance of this Agreement by the Company and the consummation
of the transactions herein contemplated will not violate any provision of the
organizational documents of the Company or any of its

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Subsidiaries and will not result in the creation of any lien, charge, security
interest or encumbrance upon any assets of the Company or any of its
Subsidiaries pursuant to the terms or provisions of, and will not (i) conflict
with, result in the breach or violation of, or constitute, either by itself or
upon notice or the passage of time or both, a default under (A) any agreement,
lease, franchise, license, permit or other instrument to which the Company or
any of its Subsidiaries is a party or by which the Company or any of its
Subsidiaries or any of their respective properties may be bound or affected and
in each case which would have a Material Adverse Effect, or (B) to the Company's
knowledge, any statute or any judgment, decree, order, rule or regulation of any
court or any regulatory body, administrative agency or other governmental body
applicable to the Company or any of its Subsidiaries or any of their respective
properties where such conflict, breach, violation or default is likely to result
in a Material Adverse Effect. No consent, approval, authorization or other order
of any court, regulatory body, administrative agency or other governmental body
is required for the execution and delivery of this Agreement or the consummation
of the transactions contemplated by this Agreement, except for compliance with
the blue sky laws and federal securities laws applicable to the offering of the
Shares. Upon the execution and delivery of this Agreement, and assuming the
valid execution thereof by the Purchaser, this Agreement will constitute valid
and binding obligations of the Company, enforceable in accordance with its
terms, except as enforceability may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or similar laws affecting creditors' and
contracting parties' rights generally and except as enforceability may be
subject to general principles of equity (regardless of whether such
enforceability is considered in a proceeding in equity or at law) and except as
the indemnification agreements of the Company in Section 7.3 hereof may be
legally unenforceable.

         4.5.   Accountants.  The firm of KPMG LLP which has expressed its
                -----------
opinion with respect to the consolidated financial statements to be included or
incorporated by reference, in the Registration Statement and the Prospectus
which forms a part thereof is an independent accountant as required by the
Securities Act and the rules and regulations promulgated thereunder (the "Rules
and Regulations").

         4.6.   No Defaults.  Except as disclosed in the Private Placement
                -----------
Memorandum or the Public Filings, and except as to defaults, violations and
breaches which individually or in the aggregate would not have a Material
Adverse Effect on the Company or any of its Subsidiaries taken as a whole,
neither the Company nor any of its Subsidiaries is in violation or default of
any provision of its certificate of incorporation or bylaws, or in breach of or
default with respect to any provision of any agreement, judgment, decree, order,
lease, franchise, license, permit or other instrument to which it is a party or
by which it or any of its properties are bound; and, to the Company's knowledge,
there does not exist any state of fact which, with notice or lapse of time or
both, would constitute an event of default on the part of the Company or any of
its Subsidiaries as defined in such documents, except such defaults which
individually or in the aggregate would not have a Material Adverse Effect.

         4.7.   Contracts.  The contracts described in the Private Placement
                ---------
Memorandum or the Public Filings that are material to the Company or its
Subsidiaries are in full force and effect on the date hereof; and neither the
Company nor any of its Subsidiaries is, nor, to the Company's knowledge, is any
other party in breach of or default under any of such contracts which would have
a Material Adverse Effect.

                                      -4-
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         4.8.   No Actions.  Except as disclosed in the Private Placement
                ----------
Memorandum or the Public Filings, there are no legal or governmental actions,
suits or proceedings pending or, to the Company's knowledge, threatened in
writing to which the Company or any of its Subsidiaries is or may be a party or
of which property owned or leased by the Company or any of its Subsidiaries is
or may be the subject, or related to environmental or discrimination matters,
which actions, suits or proceedings, individually or in the aggregate, might
prevent or might reasonably be expected to materially and adversely affect the
transactions contemplated by this Agreement or result in a Material Adverse
Effect; and no labor disturbance by the employees of the Company exists, to the
Company's knowledge, or is imminent which might reasonably be expected to have a
Material Adverse Effect.  Neither the Company nor any of its Subsidiaries is
party to or subject to the provisions of any material injunction, judgment,
decree or order of any court, regulatory body administrative agency or other
governmental body.

         4.9.   Properties. Each of the Company and its Subsidiaries holds its
                ----------
leased properties under valid and binding leases, with such exceptions as are
not materially significant in relation to its business taken as a whole.

         4.10.  No Material Change.  Since December 31, 2001 and except as
                ------------------
described in the Private Placement Memorandum; (i) the Company and its
Subsidiaries have not incurred any material liabilities or obligations,
indirect, or contingent, or entered into any material verbal or written
agreement or other transaction which is not in the ordinary course of business
or which could reasonably be expected to result in a material reduction in the
future earnings or prospects of the Company and its Subsidiaries; (ii) the
Company and its Subsidiaries have not sustained any material loss or
interference with its businesses or properties from fire, flood, windstorm,
accident or other calamity not covered by insurance; (iii) except as described
in the Private Placement Memorandum or Public Filings, the Company and its
Subsidiaries have not paid or declared any dividends or other distributions with
respect to its capital stock and neither the Company nor any of its Subsidiaries
is in default in the payment of principal or interest on any outstanding debt
obligations; (iv) there has not been any change in the capital stock of the
Company or any of its Subsidiaries other than the sale of the Shares hereunder,
shares or options issued pursuant to employee equity incentive plans or purchase
plans approved by the Company's Board of Directors and repurchases of shares or
options pursuant to repurchase plans already approved by the Company's Board of
Directors, or indebtedness material to the Company or any of its Subsidiaries
(other than in the ordinary course of business); and (v) there has not been any
other event or change that would have a Material Adverse Effect.

         4.11.  Intellectual Property.
                ---------------------

         (a)  The Company has ownership or license or legal right to use all
material patent, copyright, trade secret and trademark rights known by it to be
necessary to the conduct of the business of the Company as now conducted
(collectively, "Intellectual Property").

         (b)  All material licenses or other material agreements under which (i)
the Company is granted rights in Intellectual Property, other than Intellectual
Property generally available on commercial terms from other sources, and (ii)
the Company has granted rights to others in Intellectual Property owned or
licensed by the Company, are in full force and effect

                                      -5-
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and, to the knowledge of the Company, there is no material default by the
Company or any other party thereto that would result in a Material Adverse
Effect.

         (c)  To the knowledge of the Company, the present business, activities
and products of the Company do not infringe any intellectual property of any
other person, except where such infringement would not, individually or in the
aggregate, have a Material Adverse Effect on the Company. No proceeding charging
the Company with infringement of any adversely held Intellectual Property has
been filed. To the knowledge of the Company, the Company is not making
unauthorized use of any confidential information or trade secrets of any person.
To the Company's knowledge, the activities of the Company or any of its
employees on behalf of the Company do not violate any agreements or arrangements
known to the Company which any such employees have with other persons, if any.

         4.12.  Compliance.  Neither the Company nor any of its Subsidiaries
                ----------
has been advised, nor has reason to believe, that it is not conducting its
business in compliance with all applicable laws, rules and regulations of the
jurisdictions in which it is conducting its business, including, without
limitation, all applicable local, state and federal environmental laws and
regulations; except where failure to be so in compliance would not have a
Material Adverse Effect.

         4.13.  Taxes.  Each of the Company and its Subsidiaries has filed all
                -----
necessary federal, state and foreign income and franchise tax returns and has
paid or accrued all taxes shown as due thereon, and neither the Company nor any
of its Subsidiaries has knowledge of a tax deficiency which has been or might be
asserted or threatened against it which could have a Material Adverse Effect.

         4.14.  Transfer Taxes.  On the Closing Date, all stock transfer or
                --------------
other taxes (other than income taxes) which are required to be paid in
connection with the sale and transfer of the Shares to be sold to the Purchaser
hereunder will be, or will have been, fully paid or provided for by the Company
and all laws imposing such taxes will be or will have been complied with.

         4.15.  Investment Company.  The Company is not an "investment company"
                ------------------
or an "affiliated person" of, or "promoter" or "principal underwriter" for an
investment company, within the meaning of the Investment Company Act of 1940, as
amended.

         4.16.  Offering Materials.  The Company has not distributed and will
                ------------------
not distribute prior to the Closing Date any offering material in connection
with the offering and sale of the Shares other than the Private Placement
Memorandum or any amendment or supplement thereto.  The Company has not in the
past nor will it hereafter take any action independent of the Placement Agent to
sell, offer for sale or solicit offers to buy any securities of the Company
which would bring the offer, issuance or sale of the Shares, as contemplated by
this Agreement, within the provisions of Section 5 of the Securities Act, unless
such offer, issuance or sale was or shall be within the exemptions of Section 4
of the Securities Act.

         4.17.  Insurance.  The Company maintains insurance of the types and in
                ---------
the amounts that the Company reasonably believes is adequate for its business,
including, but not

                                      -6-
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limited to, insurance covering all real and personal property owned or leased by
the Company against theft, damage, destruction, acts of vandalism and all other
risks customarily insured against by similarly situated companies, all of which
insurance is in full force and effect.

         4.18.  Additional Information.  The information contained in the
                ----------------------
following documents, which the Placement Agent has furnished to the Purchaser,
or will furnish prior to the Closing, does not include any untrue statement of a
material fact or omit to state any material fact required to be stated therein
or necessary to make the statements therein, in the light of the circumstances
in which they were made, not misleading, as of their respective final dates:

         (a)  the Company's Transition Report on Form 10-K for the period from
October 1, 2001 to December 31, 2001;

         (b)  the Company's Annual Report on Form 10-K for the year ended
September 30, 2001;

         (c)  the Company's Proxy Statement on Form 14A filed with the
Commission on January 29, 2002;

         (d)  the draft Registration Statement;

         (e)  the Private Placement Memorandum, including all addenda and
exhibits thereto (other than the Appendices); and

         (f)  all other documents, if any, filed by the Company with the
Commission since December 31, 2001 pursuant to the reporting requirements of the
Securities Exchange Act of 1934, as amended (the "Exchange Act").

         4.19.  Price of Common Stock.  Although the Company intends to use
                ---------------------
proceeds from this placement to purchase its shares of outstanding Preferred
Stock, the Company has not taken, and will not take, directly or indirectly, any
action designed to cause or result in, or which has constituted or which might
reasonably be expected to constitute, the stabilization or manipulation of the
price of the shares of the Common Stock to facilitate the sale or resale of the
Common Stock.

         4.20.  Legal Opinion.  Prior to the Closing, legal counsel to the
                -------------
Company will deliver one or more legal opinions to the Placement Agent in a form
reasonably satisfactory to the Placement Agent and counsel to the Placement
Agent.  Such opinions also shall state that each of the Purchasers may rely
thereon as though it were addressed directly to such Purchaser.

         4.21.  Certificate.  At the Closing, the Company will deliver to
                -----------
Purchaser a certificate executed by the Chairman of the Board or President and
the chief financial or accounting officer of the Company, dated the Closing
Date, in form and substance reasonably satisfactory to the Purchasers, to the
effect that the representations and warranties of the Company set forth in this
Section 4 are true and correct as of the date of this Agreement for those
representations and warranties that already are qualified by a materiality
standard and true and correct in all material respects as of the date of this
Agreement for those representations and warranties that are not so qualified and
as of the Closing Date, and the Company has complied

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with all the agreements and satisfied all the conditions herein on its part to
be performed or satisfied on or prior to such Closing Date.

         4.22.  Reporting Company; Form S-3.  The Company is subject to the
                ---------------------------
reporting requirements of the Exchange Act, has two classes of securities
registered under Section 12 of the Exchange Act, and has filed all reports
required thereby.  The Company is eligible to register the Shares for resale by
the Purchaser on a registration statement on Form S-3 under the Securities Act.
To the Company's knowledge, there exist no facts or circumstances (including
without limitation any required approvals or waivers or any circumstances that
may delay or prevent the obtaining of accountant's consents) that reasonably
could be expected to prohibit or delay the preparation and filing of a
registration statement on Form S-3 that will be available for the resale of the
Shares by the Purchaser.

         4.23.  Use of Purchaser Name.  Except as may be required by applicable
                ---------------------
law or regulation, the Company shall not use, directly or indirectly, the
Purchaser's name or the name of any of its affiliates in any advertisement,
announcement, press release or other similar communication unless it has
received the prior written consent of the Purchaser for the specific use
contemplated or as otherwise required by applicable law or regulation.

         4.24.  Non-Public Information.  Except for the proposed repurchase
                ----------------------
price of the Preferred Stock, the Company has not disclosed to the Purchaser,
whether in the Private Placement Memorandum or otherwise, information that would
constitute material non-public information as of the Closing Date.

         4.25.  Related Party Transactions.  No transaction has occurred
                --------------------------
between or among the Company, any of the Subsidiaries and their affiliates,
officers or directors or any affiliate or affiliates of any such officer or
director that is required to have been described under applicable securities
laws in the Public Filings.

         4.26.  Off-Balance Sheet Arrangements.  There is no transaction,
                ------------------------------
arrangement or other relationship between the Company and an unconsolidated or
other off-balance sheet entity that is required to be disclosed by the Company
in its Exchange Act filings or that otherwise would be reasonably likely to have
a Material Adverse Effect.  There are no such transactions, arrangements or
other relationships with the Company that may create contingencies or
liabilities that are not otherwise disclosed by the Company in its Exchange Act
filings.

         SECTION 5.  Representations, Warranties and Covenants of the Purchaser.
                     ----------------------------------------------------------
(a) The Purchaser represents and warrants to, and covenants with, the Company
that: (i) the Purchaser is knowledgeable, sophisticated and experienced in
making, and is qualified to make, decisions with respect to investments in
shares representing an investment decision like that involved in the purchase of
the Shares, including investments in securities issued by the Company and
comparable entities, and has requested, received, reviewed and considered all
information it deems relevant in making an informed decision to purchase the
Shares; (ii) the Purchaser is acquiring the number of Shares set forth in
Section 2 above in the ordinary course of its business and for its own account
for investment only and with no present intention of distributing any of such
Shares or any arrangement or understanding with any other persons regarding the
distribution of such Shares (this representation and warranty not limiting the

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Purchaser's right to sell pursuant to the Registration Statement or in
compliance with the Securities Act and the Rules and Regulations, or, other than
with respect to any claims arising out of a breach of this representation and
warranty, the Purchaser's right to indemnification under Section 7.3); (iii) the
Purchaser will not, directly or indirectly, offer, sell, pledge, transfer or
otherwise dispose of (or solicit any offers to buy, purchase or otherwise
acquire or take a pledge of) any of the Shares except in compliance with the
Securities Act and the Rules and Regulations; (iv) the Purchaser has completed
or caused to be completed the Registration Statement Questionnaire attached
hereto as part of Appendix I, for use in preparation of the Registration
Statement, and the answers thereto are true and correct as of the date hereof
and will be true and correct as of the effective date of the Registration
Statement and the Purchaser will notify the Company immediately of any material
change in any such information provided in the Registration Statement
Questionnaire; (v) the Purchaser has, in connection with its decision to
purchase the number of Shares set forth in Section 2 above, relied solely upon
the Private Placement Memorandum or the Public Filings and the documents
included therein or incorporated by reference and the representations and
warranties of the Company contained herein; and (vi) the Purchaser is an
"accredited investor" within the meaning of Rule 501(a) of Regulation D
promulgated under the Securities Act.

         (b)  The Purchaser understands that the Shares are being offered and
sold to it in reliance upon specific exemptions from the registration
requirements of the Securities Act, the Rules and Regulations and state
securities laws and that the Company is relying upon the truth and accuracy of,
and the Purchaser's compliance with, the representations, warranties,
agreements, acknowledgments and understandings of the Purchaser set forth herein
in order to determine the availability of such exemptions and the eligibility of
the Purchaser to acquire the Shares.

         (c)  For the benefit of the Company, the Purchaser agreed orally with
the Placement Agent to keep confidential all information concerning this private
placement. The Purchaser understands that the information contained in the
Private Placement Memorandum is strictly confidential and proprietary to the
Company and has been prepared from the Company's publicly available documents
and other information and is being submitted to the Purchaser solely for such
Purchaser's confidential use. The Purchaser agrees to use the information
contained in the Private Placement Memorandum for the sole purpose of evaluating
a possible investment in the Shares and the Purchaser hereby acknowledges that
it is prohibited from reproducing or distributing the Private Placement
Memorandum, this Purchase Agreement, or any other offering materials or other
information provided by the Company in connection with the Purchaser's
consideration of its investment in the Company, in whole or in part, or
divulging or discussing any of their contents. Further, the Purchaser
understands that the existence and nature of all conversations and
presentations, if any, regarding the Company and this offering must be kept
strictly confidential. The Purchaser understands that the federal securities
laws impose restrictions on trading based on information regarding this
offering. In addition, the Purchaser hereby acknowledges that unauthorized
disclosure of information regarding this offering may cause the Company to
violate Regulation FD. This obligation will terminate upon the filing by the
Company of a press release or press releases describing this offering; provided,
                                                                       --------
however, the Purchaser will not disclose the proposed repurchase price of the
-------
Preferred Stock and the use of proceeds from the transactions contemplated by
the Private Placement Memorandum until the Company publicly announces such
repurchase price and use of proceeds.

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<PAGE>

         (d)  The Purchaser understands that its investment in the Shares
involves a significant degree of risk and that the market price of the Common
Stock has been volatile and that no representation is being made as to the
future value of the Common Stock. The Purchaser has the knowledge and experience
in financial and business matters as to be capable of evaluating the merits and
risks of an investment in the Shares and has the ability to bear the economic
risks of an investment in the Shares.

         (e)  The Purchaser understands that no United States federal or state
agency or any other government or governmental agency has passed upon or made
any recommendation or endorsement of the Shares.

         (f)  The Purchaser understands that, until such time as the
Registration Statement has been declared effective or the Shares may be sold
pursuant to Rule 144 under the Securities Act without any restriction as to the
number of securities as of a particular date that can then be immediately sold,
the Shares may bear a restrictive legend in substantially the following form.

         "The securities represented by this certificate have not been
         registered under the Securities Act of 1933, as amended. The
         securities may not be sold, transferred or assigned in the absence
         of an effective registration statement for the securities under said
         Act, or an opinion of counsel, in form, substance and scope
         reasonably acceptable to the Company, that registration is not
         required under said Act or unless sold pursuant to Rule 144 under
         said Act."

         (g)  The Purchaser's principal executive offices are in the
jurisdiction set forth immediately below the Purchaser's name on the signature
pages hereto.

         (h)  The Purchaser hereby covenants with the Company not to make any
sale of the Shares without complying in all material respects with the
provisions of this Agreement, and if applicable, without effectively causing the
prospectus delivery requirement under the Securities Act to be satisfied, and
the Purchaser acknowledges and agrees that such Shares are not transferable on
the books of the Company unless the certificate submitted to the transfer agent
evidencing the Shares is accompanied by a separate Purchaser's Certificate of
Subsequent Sale: (i) in the form of Appendix II hereto, (ii) executed by an
officer of, or other authorized person designated by, the Purchaser, and (iii)
to the effect that (A) the Shares have been sold in accordance with the
Registration Statement, the Securities Act and any applicable state securities
or blue sky laws and (B), if applicable, the requirement of delivering a current
prospectus has been satisfied. The Purchaser acknowledges that there may
occasionally be times when the Company must suspend the use of the prospectus
forming a part of the Registration Statement (a "Suspension") until such time as
an amendment to the Registration Statement has been filed by the Company and
declared effective by the Commission, or until such time as the Company has
filed an appropriate report with the Commission pursuant to the Exchange Act.
The Purchaser hereby covenants that it will not sell any Shares pursuant to said
prospectus during the period commencing at the time at which the Company gives
the Purchaser written notice of the Suspension of the use of said prospectus and
ending at the time the Company gives the Purchaser written notice that the
Purchaser may thereafter effect sales pursuant to said prospectus.
Notwithstanding the foregoing, the Company agrees that no Suspension shall be
for a period of

                                      -10-
<PAGE>

longer than 30 consecutive days, and no Suspensions shall be for a period of an
aggregate in any 365 day period of longer than 65 days, unless in the good faith
judgment of the Company's board of directors, upon advice and an opinion in
writing of a firm reasonably satisfactory to the Purchaser, the sale of Shares
under the Registration Statement in reliance on the foregoing would be
reasonably likely to cause a violation of the Securities Act or the Exchange Act
or the Rules or Regulations promulgated under either act, and result in a
potential liability to the Company.

         (i)  The Purchaser further represents and warrants to, and covenants
with, the Company (i) the Purchaser has full right, power, authority and
capacity to enter into this Agreement and to consummate the transactions
contemplated hereby and has taken all necessary action to authorize the
execution, delivery and performance of this Agreement, and (ii) upon the
execution and delivery of this Agreement, this Agreement shall constitute a
legal, valid and binding obligation of the Purchaser, enforceable in accordance
with its terms, except as enforceability may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium or similar laws affecting
creditors' and contracting parties' rights generally and except as
enforceability may be subject to general principles of equity (regardless of
whether such enforceability is considered in a proceeding in equity or at law)
and except as the indemnification agreements of the Purchaser in Section 7.3
hereof may be legally unenforceable.

         SECTION 6.  Survival of Representations, Warranties and Agreements.
                     ------------------------------------------------------
Notwithstanding any investigation made by any party to this Agreement or by the
Placement Agent, all covenants, agreements, representations and warranties made
by the Company and the Purchaser herein and in the certificates for the Shares
delivered pursuant hereto shall survive the execution of this Agreement, the
delivery to the Purchaser of the Shares being purchased and the payment
therefor.

         SECTION 7.  Registration of the Shares; Compliance with the Securities
                     ----------------------------------------------------------
Act.
---

         7.1. Registration Procedures and Expenses.  The Company shall:
              ------------------------------------

         (a)  as soon as practicable, prepare and file with the Commission the
              Registration Statement on Form S-3 relating to the sale of the
              Shares by the Purchaser from time to time through the automated
              quotation system of the Nasdaq National Market or the facilities
              of any national securities exchange on which the Common Stock is
              then traded or in privately-negotiated transactions;

         (b)  use its reasonable efforts, subject to the receipt of necessary
              information from the Purchasers, to cause the Commission to
              notify the Company of the Commission's willingness to declare the
              Registration Statement effective within 60 days after the date
              the Registration Statement is filed by the Company;

         (c)  prepare and file with the Commission such amendments and
              supplements to the Registration Statement and the prospectus used
              in connection therewith as may be necessary to keep the
              Registration Statement effective until the earliest of (i) two
              years after the effective date of the Registration

                                      -11-
<PAGE>

              Statement, (ii) the date on which the Shares may be resold by
              the Purchasers without registration by reason of Rule 144(k)
              under the Securities Act or any other rule of similar effect,
              or (iii) such time as all Shares purchased by the Purchaser
              under this Agreement have been sold;

         (d)  furnish to the Purchaser with respect to the Shares registered
              under the Registration Statement (and to each underwriter, if
              any, of such Shares) such reasonable number of copies of
              prospectuses in order to facilitate the public sale or other
              disposition of all or any of the Shares by the Purchaser;
              provided, however, that the obligation of the Company to deliver
              --------  -------
              copies of prospectuses to the Purchaser shall be subject to the
              receipt by the Company of reasonable assurances from the
              Purchaser that the Purchaser will comply with the applicable
              provisions of the Securities Act and of such other securities or
              blue sky laws as may be applicable in connection with any use of
              such prospectuses;

         (e)  file documents required of the Company for normal blue sky
              clearance in states specified in writing by the Purchaser;
              provided, however, that the Company shall not be required to
              --------  -------
              qualify to do business or consent to service of process in any
              jurisdiction in which it is not now so qualified or has not so
              consented; and

         (f)  bear all expenses in connection with the procedures in paragraphs
              (a) through (f) of this Section 7.1 and the registration of the
              Shares pursuant to the Registration Statement, other than fees
              and expenses, if any, of counsel or other advisers to the
              Purchaser or the Other Purchasers or underwriting discounts,
              brokerage fees and commissions incurred by the Purchaser or the
              Other Purchasers, if any.

         7.2. Transfer of Shares After Registration.  The Purchaser agrees that
              -------------------------------------
it will not effect any disposition of the Shares or its right to purchase the
Shares that would constitute a sale within the meaning of the Securities Act,
except as contemplated in the Registration Statement referred to in Section 7.1
or as otherwise permitted by law, and that it will promptly notify the Company
of any changes in the information set forth in the Registration Statement
regarding the Purchaser or its plan of distribution.

         7.3. Indemnification.  For the purpose of this Section 7.3:
              ---------------

         (i)  the term "Purchaser/Affiliate" shall mean any affiliate of the
              Purchaser, including a transferee who is an affiliate of the
              Purchaser, and any person who controls the Purchaser or any
              affiliate of the Purchaser within the meaning of Section 15 of
              the Securities Act or Section 20 of the Exchange Act; and

         (ii) the term "Registration Statement" shall include any final
              prospectus, exhibit, supplement or amendment included in or
              relating to, and any

                                      -12-
<PAGE>

              document incorporated by reference in, the Registration Statement
              referred to in Section 7.1.

         (a)  The Company agrees to indemnify and hold harmless each Purchaser
and each Purchaser/Affiliate against any losses, claims, damages, liabilities or
expenses, joint or several, to which such Purchaser or Purchaser/Affiliate may
become subject, under the Securities Act, the Exchange Act, or any other federal
or state statutory law or regulation, or at common law or otherwise (including
in settlement of any litigation, if such settlement is effected with the prior
written consent of the Company), insofar as such losses, claims, damages,
liabilities or expenses (or actions in respect thereof as contemplated below)
arise out of or are based upon any untrue statement or alleged untrue statement
of any material fact contained in the Registration Statement, including the
prospectus, financial statements and schedules, and all other documents filed as
a part thereof, as amended at the time of effectiveness of the Registration
Statement, including any information deemed to be a part thereof as of the time
of effectiveness pursuant to paragraph (b) of Rule 430A, or pursuant to Rule
434, of the Rules and Regulations, or the prospectus, in the form first filed
with the Commission pursuant to Rule 424(b) of the Regulations, or filed as part
of the Registration Statement at the time of effectiveness if no Rule 424(b)
filing is required (the "Prospectus"), or any amendment or supplement thereto,
or arise out of or are based upon the omission or alleged omission to state in
any of them a material fact required to be stated therein or necessary to make
the statements in any of them, in light of the circumstances under which they
were made, not misleading, or arise out of or are based in whole or in part on
any inaccuracy in the representations and warranties of the Company contained in
this Agreement, or any failure of the Company to perform its obligations
hereunder or under law, and will reimburse each such Purchaser and each such
Purchaser/Affiliate for any legal and other expenses as such expenses are
reasonably incurred by such Purchaser or such Purchaser/Affiliate in connection
with investigating, defending, settling, compromising or paying any such loss,
claim, damage, liability, expense or action; provided, however, that the Company
                                             --------  -------
will not be liable in any such case to the extent that any such loss, claim,
damage, liability or expense arises out of or is based upon (i) an untrue
statement or alleged untrue statement or omission or alleged omission made in
the Registration Statement, the Prospectus or any amendment or supplement
thereto in reliance upon and in conformity with written information furnished to
the Company by or on behalf of the Purchaser expressly for use therein, or (ii)
the failure of such Purchaser to comply with the covenants and agreements
contained in Sections 5 or 7.2, or (iii) the inaccuracy of any representations
made by such Purchaser herein or (iv) any statement or omission in any
Prospectus that is corrected in any subsequent Prospectus that was delivered to
the Purchaser prior to the pertinent sale or sales by the Purchaser.

         (b)  Each Purchaser will severally indemnify and hold harmless the
Company, each of its directors, each of its officers who signed the Registration
Statement and each person, if any, who controls the Company within the meaning
of Section 15 of the Securities Act or Section 20 of the Exchange Act, against
any losses, claims, damages, liabilities or expenses to which the Company, each
of its directors, each of its officers who signed the Registration Statement or
controlling person may become subject, under the Securities Act, the Exchange
Act, or any other federal or state statutory law or regulation, or at common law
or otherwise (including in settlement of any litigation, if such settlement is
effected with the written consent of such Purchaser) insofar as such losses,
claims, damages, liabilities or expenses (or actions in respect thereof as
contemplated below) arise out of or are based upon (i) any failure to comply

                                      -13-
<PAGE>

with the covenants and agreements contained in Sections 5 or 7.2 hereof, or (ii)
the inaccuracy of any representation made by such Purchaser herein, or (iii) any
untrue or alleged untrue statement of any material fact contained in the
Registration Statement, the Prospectus, or any amendment or supplement thereto,
or arise out of or are based upon the omission or alleged omission to state
therein a material fact required to be stated therein or necessary to make the
statements therein not misleading, in each case to the extent, but only to the
extent, that such untrue statement or alleged untrue statement or omission or
alleged omission was made in the Registration Statement, the Prospectus, or any
amendment or supplement thereto, in reliance upon and in conformity with written
information furnished to the Company by or on behalf of any Purchaser expressly
for use therein, and will reimburse the Company, each of its directors, each of
its officers who signed the Registration Statement or controlling person for any
legal and other expense reasonably incurred by the Company, each of its
directors, each of its officers who signed the Registration Statement or
controlling person in connection with investigating, defending, settling,
compromising or paying any such loss, claim, damage, liability, expense or
action.

         (c)  Promptly after receipt by an indemnified party under this Section
7.3 of notice of the threat or commencement of any action, such indemnified
party will, if a claim in respect thereof is to be made against an indemnifying
party under this Section 7.3 promptly notify the indemnifying party in writing
thereof; but the omission so to notify the indemnifying party will not relieve
it from any liability which it may have to any indemnified party for
contribution or otherwise than under the indemnity agreement contained in this
Section 7.3 or to the extent it is not prejudiced as a result of such failure.
In case any such action is brought against any indemnified party and such
indemnified party seeks or intends to seek indemnity from an indemnifying party,
the indemnifying party will be entitled to participate in, and, to the extent
that it may wish, jointly with all other indemnifying parties similarly
notified, to assume the defense thereof with counsel reasonably satisfactory to
such indemnified party; provided, however, if the defendants in any such action
include both the indemnified party and the indemnifying party and the
indemnified party shall have reasonably concluded, based on an opinion of
counsel reasonably satisfactory to the indemnifying party, that there may be a
conflict between the positions of the indemnifying party and the indemnified
party in conducting the defense of any such action or that there may be legal
defenses available to it and/or other indemnified parties which are different
from or additional to those available to the indemnifying party, the indemnified
party or parties shall have the right to select separate counsel to assume such
legal defenses and to otherwise participate in the defense of such action on
behalf of such indemnified party or parties. Upon receipt of notice from the
indemnifying party to such indemnified party of its election so to assume the
defense of such action and approval by the indemnified party of counsel, the
indemnifying party will not be liable to such indemnified party under this
Section 7.3 for any legal or other expenses subsequently incurred by such
indemnified party in connection with the defense thereof unless (i) the
indemnified party shall have employed such counsel in connection with the
assumption of legal defenses in accordance with the proviso to the preceding
sentence (it being understood, however, that the indemnifying party shall not be
liable for the expenses of more than one separate counsel, approved by such
indemnifying party, representing all of the indemnified parties who are parties
to such action) or (ii) the indemnifying party shall not have employed counsel
reasonably satisfactory to the indemnified party to represent the indemnified
party within a reasonable time after notice of commencement of action, in each
of which cases the reasonable fees and expenses of counsel shall be at the
expense

                                      -14-
<PAGE>

of the indemnifying party. In no event shall any indemnifying party be liable in
respect of any amounts paid in settlement of any action unless the indemnifying
party shall have approved the terms of such settlement; provided that such
consent shall not be unreasonably withheld. No indemnifying party shall, without
the prior written consent of the indemnified party, effect any settlement of any
pending or threatened proceeding in respect of which any indemnified party is or
could have been a party and indemnification could have been sought hereunder by
such indemnified party from all liability on claims that are the subject matter
of such proceeding.

         (d)  If the indemnification provided for in this Section 7.3 is
required by its terms but is for any reason held to be unavailable to or
otherwise insufficient to hold harmless an indemnified party under paragraphs
(a), (b) or (c) of this Section 7.3 in respect to any losses, claims, damages,
liabilities or expenses referred to herein, then each applicable indemnifying
party shall contribute to the amount paid or payable by such indemnified party
as a result of any losses, claims, damages, liabilities or expenses referred to
herein (i) in such proportion as is appropriate to reflect the relative benefits
received by the Company and the Purchaser from the placement of Common Stock or
(ii) if the allocation provided by clause (i) above is not permitted by
applicable law, in such proportion as is appropriate to reflect not only the
relative benefits referred to in clause (i) above but the relative fault of the
Company and the Purchaser in connection with the statements or omissions or
inaccuracies in the representations and warranties in this Agreement which
resulted in such losses, claims, damages, liabilities or expenses, as well as
any other relevant equitable considerations. The respective relative benefits
received by the Company on the one hand and each Purchaser on the other shall be
deemed to be in the same proportion as the amount paid by such Purchaser to the
Company pursuant to this Agreement for the Shares purchased by such Purchaser
that were sold pursuant to the Registration Statement bears to the difference
(the "Difference") between the amount such Purchaser paid for the Shares that
were sold pursuant to the Registration Statement and the amount received by such
Purchaser from such sale. The relative fault of the Company, one the one hand,
and each Purchaser on the other shall be determined by reference to, among other
things, whether the untrue or alleged statement of a material fact or the
omission or alleged omission to state a material fact or the inaccurate or the
alleged inaccurate representation and/or warranty relates to information
supplied by the Company or by such Purchaser and the parties' relative intent,
knowledge, access to information and opportunity to correct or prevent such
statement or omission. The amount paid or payable by a party as a result of the
losses, claims, damages, liabilities and expenses referred to above shall be
deemed to include, subject to the limitations set forth in paragraph (c) of this
Section 7.3, any legal or other fees or expenses reasonably incurred by such
party in connection with investigating or defending any action or claim. The
provisions set forth in paragraph (c) of this Section 7.3 with respect to the
notice of the threat or commencement of any threat or action shall apply if a
claim for contribution is to be made under this paragraph (d); provided,
                                                               --------
however, that no additional notice shall be required with respect to
-------
any threat or action for which notice has been given under paragraph (c) for
purposes of indemnification. The Company and each Purchaser agree that it would
not be just and equitable if contribution pursuant to this Section 7.3 were
determined solely by pro rata allocation (even if the Purchaser were treated as
one entity for such purpose) or by any other method of allocation which does not
take account of the equitable considerations referred to in this paragraph.
Notwithstanding the provisions of this Section 7.3, no Purchaser shall be
required to contribute any amount in excess of the amount by which the
Difference exceeds the amount of any damages that such Purchaser has otherwise
been required to pay by reason of such untrue or alleged untrue statement or

                                      -15-
<PAGE>

omission or alleged omission. No person guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution from any person who was not guilty of such fraudulent
misrepresentation. The Purchasers' obligations to contribute pursuant to this
Section 7.3 are several and not joint. Notwithstanding the foregoing, each
Purchaser's contribution shall be capped at an amount equal to the respective
amounts paid by such Purchaser to the Company to purchase the Shares.

         7.4. Termination of Conditions and Obligations.  The restrictions
              -----------------------------------------
imposed by Section 5 or this Section 7 upon the transferability of the Shares
shall cease and terminate as to any particular number of the Shares upon the
passage of two years from the effective date of the Registration Statement
covering such Shares or at such time as an opinion of counsel satisfactory in
form and substance to the Company shall have been rendered to the effect that
such conditions are not necessary in order to comply with the Securities Act.

         7.5. Information Available.  So long as the Registration Statement is
              ---------------------
effective covering the resale of Shares owned by the Purchaser, the Company will
furnish to the Purchaser:

         (a)  as soon as practicable after available (but in the case of the
              Annual Report to the Stockholders, within 150 days after the end
              of each fiscal year of the Company), one copy of (i) its Annual
              Report to Stockholders (which Annual Report shall contain
              financial statements audited in accordance with generally
              accepted accounting principles by a national firm of certified
              public accountants), (ii) if not included in substance in the
              Annual Report to Stockholders, upon the request of Purchaser, its
              Annual Report on Form 10-K, (iii) upon request of Purchaser, its
              quarterly reports on Form 10- Q, and (iv) a full copy of the
              particular Registration Statement covering the Shares (the
              foregoing, in each case, excluding exhibits);

         (d)  upon the reasonable request of the Purchaser, a reasonable number
              of copies of the prospectuses, and any supplements thereto, to
              supply to any other party requiring such prospectuses;

and the Company, upon the reasonable request of the Purchaser and with prior
notice, will be available to the Purchaser or a representative thereof at the
Company's headquarters to discuss information relevant for disclosure in the
Registration Statement covering the Shares and will otherwise cooperate with any
Purchaser conducting an investigation for the purpose of reducing or eliminating
such Purchaser's exposure to liability under the Securities Act, including the
reasonable production of information at the Company's headquarters, subject to
appropriate confidentiality limitations.

         SECTION 8.  Broker's Fee.  The Purchaser acknowledges that the Company
                     ------------
intends to pay to the Placement Agent a fee in respect of the sale of the Shares
to the Purchaser.  Each of the parties hereto hereby represents that, on the
basis of any actions and agreements by it, there are no other brokers or finders
entitled to compensation in connection with the sale of the Shares to the
Purchaser.

                                      -16-
<PAGE>

         SECTION 9.  Notices.  All notices, requests, consents and other
                     -------
communications hereunder shall be in writing, shall be mailed by first-class
registered or certified airmail, confirmed facsimile or nationally recognized
overnight express courier postage prepaid, and shall be deemed given when so
dispatched and shall be delivered as addressed as follows:

         (a)  if to the Company, to:

              iDine Rewards Network Inc.
              11900 Biscayne Boulevard
              Suite 460
              Miami, Florida  33181
              Facsimile:  (305) 892-3317
              Attn.:  General Counsel

              with a copy to:

              Morgan, Lewis & Bockius LLP
              101 Park Avenue
              New York, New York 10178
              Facsimile: (212) 309-6273
              Attn.: Stephen P. Farrell, Esq.

or to such other person at such other place as the Company shall designate to
the Purchaser in writing; and

         (b)  if to the Purchaser, at its address as set forth at the end of
              this Agreement, or at such other address or addresses as may have
              been furnished to the Company in writing.

         SECTION 10.    Changes.  This Agreement may not be modified or amended
                        -------
except pursuant to an instrument in writing signed by the Company and the
Purchaser.  No provision hereunder may be waived other than in a written
instrument executed by the waiving party.

         SECTION 11.    Headings.  The headings of the various sections of this
                        --------
Agreement have been inserted for convenience of reference only and shall not be
deemed to be part of this Agreement.

         SECTION 12.    Severability.  In case any provision contained in this
                        ------------
Agreement should be invalid, illegal or unenforceable in any respect, the
validity, legality and enforceability of the remaining provisions contained
herein shall not in any way be affected or impaired thereby.

         SECTION 13.    Governing Law.  This Agreement shall be governed by and
                        -------------
construed in accordance with the laws of the State of New York and the federal
law of the United States of America.

                                      -17-
<PAGE>

         SECTION 14.    Counterparts.  This Agreement may be executed in two or
                        ------------
more counterparts, each of which shall constitute an original, but all of which,
when taken together, shall constitute but one instrument, and shall become
effective when one or more counterparts have been signed by each party hereto
and delivered (including by facsimile) to the other parties.

         SECTION 15.    Entire Agreement. This Agreement and the instruments
                        ----------------
referenced herein contain the entire understanding of the parties with respect
to the matters covered herein and therein and, except as specifically set forth
herein or therein, neither the Company nor the Purchaser makes any
representation, warranty, covenant or undertaking with respect to such matters.

                                      -18-
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to
be executed by their duly authorized representatives as of the day and year
first above written.

                                 iDINE REWARDS NETWORK INC.

                                 By  _________________________________

         Print or Type:

                                 Name of Purchaser
                                 (Individual or Institution):

                                 _____________________________________

                                 Name of Individual representing
                                 Purchaser (if an Institution):

                                 _____________________________________

                                 Title of Individual representing
                                 Purchaser (if an Institution):

                                 _____________________________________

         Signature by:

                                 Individual Purchaser or Individual
                                 representing Purchaser:

                                 _____________________________________

                                 Address:  ___________________________

                                 Telephone:  _________________________

                                 Telecopier:  ________________________

                                      -19-
<PAGE>

                    SUMMARY INSTRUCTION SHEET FOR PURCHASER
                    ---------------------------------------

                   (to be read in conjunction with the entire
                       Purchase Agreement which follows)

         A.   Complete the following items on BOTH Purchase Agreements:

     1.  Page 18 - Signature:

         (i)    Name of Purchaser (Individual or Institution)

         (ii)   Name of Individual representing Purchaser (if an Institution)

         (iii)  Title of Individual representing Purchaser (if an Institution)

         (iv)   Signature of Individual Purchaser or Individual representing
                Purchaser

     2.  Appendix I - Stock Certificate Questionnaire/Registration Statement
         Questionnaire:

         Provide the information requested by the Stock Certificate
         Questionnaire and the Registration Statement Questionnaire.

     3.  Return BOTH properly completed and signed Purchase Agreements
         including the properly completed Appendix I to:

                        Fulcrum Global Partners LLC
                        535 Madison Avenue
                        New York, New York  10022
                        Attention:  Harry Needleman

         B.     Instructions regarding the transfer of funds for the purchase of
         Shares will be sent by facsimile to the Purchaser by the Placement
         Agent at a later date.

         C.     Upon the resale of the Shares by the Purchasers after the
         Registration Statement covering the Shares is effective, as described
         in the Purchase Agreement, the Purchaser:

         (i)    must deliver a current prospectus of the Company to the buyer
                (prospectuses must be obtained from the Company at the
                Purchaser's request); and

         (ii)   must send a letter in the form of Appendix II to the Company so
                that the Shares may be properly transferred.
<PAGE>

                                                                    Appendix I
                                                                    (one of two)
                           iDINE REWARDS NETWORK INC.
                        STOCK CERTIFICATE QUESTIONNAIRE
                        -------------------------------

         Pursuant to Section 3 of the Agreement, please provide us with the
following information:

     1.  The exact name that your Shares are to be
         registered in (this is the name that will appear
         on your stock certificate(s)).  You may use a
         nominee name if appropriate:                        ___________________

     2.  The relationship between the Purchaser of the
         Shares and the Registered Holder listed in
         response to item 1 above:                           ___________________

     3.  The mailing address of the Registered Holder
         listed in response to item 1 above:                 ___________________
                                                             ___________________
                                                             ___________________
                                                             ___________________

     4.  The Social Security Number or Tax Identification
         Number of the Registered Holder listed in
         response to item 1 above:                           ___________________

<PAGE>

                                                                    Appendix I
                                                                    (two of two)
                           iDINE REWARDS NETWORK INC.
                      REGISTRATION STATEMENT QUESTIONNAIRE
                      ------------------------------------

          In connection with the preparation of the Registration Statement,
please provide us with the following information:

1.    Pursuant to the "Selling Stockholder" section of the Registration
      Statement, please state your or your organization's name exactly as it
      should appear in the Registration Statement:

2.    Please provide the number of shares that you or your organization will own
      immediately after Closing, including those Shares purchased by you or your
      organization pursuant to this Purchase Agreement and those shares
      purchased by you or your organization through other transactions:

3.    Have you or your organization had any position, office or other material
      relationship within the past three years with the Company or its
      affiliates?

               _____ Yes         _____ No

         If yes, please indicate the nature of any such relationships below:

         ________________________________________________________________
         ________________________________________________________________
         ________________________________________________________________

4.    Are you (i) an NASD Member (see definition), (ii) a Controlling (see
      definition) shareholder of an NASD Member, (iii) a Person Associated with
      a Member of the NASD (see definition), or (iv) an Underwriter or a Related
      Person (see definition) with respect to the proposed offering; or (b) do
      you own any shares or other securities of any NASD Member not purchased in
      the open market; or (c) have you made any outstanding subordinated loans
      to any NASD Member?

         Answer:  [_] Yes    [_] No     If "yes," please describe below

         _________________________________________________________________
         _________________________________________________________________
         _________________________________________________________________

         NASD Member.  The term "NASD member" means either any broker or dealer
         -----------
admitted to membership in the National Association of Securities Dealers, Inc.
("NASD").  (NASD Manual, By-laws Article I, Definitions)
<PAGE>

         Control.  The term "control" (including the terms "controlling,"
         -------
"controlled by" and "under common control with") means the possession, direct or
indirect, of the power, either individually or with others, to direct or cause
the direction of the management and policies of a person, whether through the
ownership of voting securities, by contract, or otherwise.  (Rule 405 under the
Securities Act of 1933, as amended)

         Person Associated with a member of the NASD.  The term "person
         -------------------------------------------
associated with a member of the NASD" means every sole proprietor, partner,
officer, director, branch manager or executive representative of any NASD
Member, or any natural person occupying a similar status or performing similar
functions, or any natural person engaged in the investment banking or securities
business who is directly or indirectly controlling or controlled by a NASD
Member, whether or not such person is registered or exempt from registration
with the NASD pursuant to its bylaws.  (NASD Manual, By-laws Article I,
Definitions)

         Underwriter or a Related Person.  The term "underwriter or a related
         -------------------------------
person" means, with respect to a proposed offering, underwriters, underwriters'
counsel, financial consultants and advisors, finders, members of the selling or
distribution group, and any and all other persons associated with or related to
any of such persons. (NASD Interpretation)
<PAGE>

                                                                   APPENDIX II
[Transfer Agent]
[Address]

Attention:

                   PURCHASER'S CERTIFICATE OF SUBSEQUENT SALE

       The undersigned, [an officer of, or other person duly authorized by]

_____________________________________________________________ hereby certifies
      [fill in official name of individual or institution]

that he/she [said institution] is the Purchaser of the shares evidenced by the
attached certificate, and as such, sold such shares on _______________ in
                                                           [date]
accordance with the terms of the Purchase Agreement and the Company, and in
accordance with Registration Statement number
____________________________________________________________________
[fill in the number of or otherwise identify Registration Statement]
or otherwise in accordance with the Securities Act of 1933, as amended, and, in
the case of a transfer pursuant to the Registration Statement, the requirement
of delivering a current prospectus by the Company has been complied with in
connection with such sale.

Print or Type:

        Name of Purchaser
        (Individual or
        Institution):              ______________________

        Name of Individual
        representing
        Purchaser (if an
        Institution)               ______________________

        Title of Individual
        representing
        Purchaser (if an
        Institution):              ______________________

        Signature by:
        Individual Purchaser
        or Individual repre-
        senting Purchaser:         ______________________

<PAGE>

                                                                       EXHIBIT A

Name of Subsidiary                        Jurisdiction of Formation

iDine Restaurant Group, Inc.              Delaware
Transmedia Services Company, Inc.         Delaware
RTR Funding LLC                           Delaware<PAGE>
                                                                    EXHIBIT 10.4

                                    FORM OF
                            INDEMNIFICATION AGREEMENT

         THIS INDEMNIFICATION AGREEMENT ("Agreement") is made and entered into
as of the ____day of May, 2002 by and among Dividend Capital Trust Inc., a
Maryland corporation (the "Company") and ____________________, a director and/or
officer of the Company (the "Indemnitee").

                                    RECITALS

         WHEREAS, the interpretation of statutes, regulations, Articles of
Incorporation and Bylaws regarding indemnification of directors and officers may
be too uncertain to provide such directors and officers with adequate notice of
the legal, financial and other risks to which they may be exposed by virtue of
their service as such; and

         WHEREAS, damages sought against directors and officers in shareholder
or similar litigation may be substantial, and the costs of defending such
actions and of judgments in favor of plaintiffs or of settlement therewith may
be prohibitive for individual directors and officers, without regard to the
merits of a particular action and without regard to the culpability of, or the
receipt of improper personal benefit by, any named director or officer; and

         WHEREAS, the long period of time which may elapse before final
disposition of such litigation may impose undue hardship and burden on a
director or officer or his estate in maintaining a proper and adequate defense
of himself or his estate against claims for damages; and

         WHEREAS, the Company is organized under the Maryland General
Corporation Law (the "MGCL"), and Section 2-418 of the MGCL empowers
corporations to indemnify and advance expenses of litigation to a person serving
as a director, officer, employee or agent of a corporation and to persons
serving at the request of the corporation, while a director of a corporation, as
a director, officer, partner, trustee, employee or agent of another foreign or
domestic corporation, partnership, joint venture, trust, other enterprise or
employee benefit plan, and further provides that the indemnification and
advancement of expenses set forth in the MGCL are not "exclusive of any other
rights, by indemnification or otherwise, to which a director may be entitled
under the charter, the bylaws, a resolution of stockholders or directors, an
agreement or otherwise, both as to action in an official capacity and as to
action in another capacity while holding such office"; and

         WHEREAS, the Articles of Incorporation of the Company, as they may be
amended or amended and restated from time to time (the "Articles of
Incorporation"), provide that the Company shall indemnify and hold harmless
directors, advisors, or affiliates, as such terms are defined in the Articles of
Incorporation; and

         WHEREAS, the Board of Directors of the Company (the "Board") has
concluded that it is reasonable and prudent for the Company to enter into an
agreement to indemnify in a reasonable and adequate manner the Indemnitee and to
assume for itself maximum liability for

                                       1
<PAGE>

expenses and damages in connection with claims lodged against him for his
decisions and actions as a director and/or officer of the Company; and

         NOW, THEREFORE, in consideration of the foregoing, and of other good
and valuable consideration, the receipt and sufficiency of which is acknowledged
by each of the parties hereto, the parties agree as follows:

                                   ARTICLE I
                                   DEFINITIONS

For purposes of this Agreement, the following terms shall have the meanings set
forth below:

         Section 1.1 "Board" shall mean the Board of Directors of the Company.

         Section 1.2 "Change in Control" shall mean a change in the ownership or
power to direct the Voting Securities of the Company or the acquisition by a
person not affiliated with the Company of the ability to direct the management
of the Company.

         Section 1.3 "Corporate Status" shall mean the status of a person who is
or was a director or officer of the Company, or a member of any committee of the
Board, and the status of a person who, while a director or officer of the
Company, is or was serving at the request of the Company as a director, officer,
partner (including service as a general partner of any limited partnership),
trustee, employee, or agent of another foreign or domestic corporation,
partnership, joint venture, trust, other incorporated or unincorporated entity
or enterprise or employee benefit plan.

         Section 1.4 "Disinterested Director" shall mean a director of the
Company who neither is nor was a party to the Proceeding in respect of which
indemnification is being sought by the Indemnitee.

         Section 1.5 "Expenses" shall mean without limitation expenses of
Proceedings including all attorneys' fees, retainers, court costs, transcript
costs, fees of experts, investigation fees and expenses, accounting and witness
fees, travel expenses, duplicating costs, printing and binding costs, telephone
charges, postage, delivery service fees and all other disbursements or expenses
of the types customarily incurred in connection with prosecuting, defending,
preparing to prosecute or defend, investigating or being or preparing to be a
witness in a Proceeding.

         Section 1.6 "Good Faith Act or Omission" shall mean an act or omission
of the Indemnitee reasonably believed by the Indemnitee to be in or not opposed
to the best interests of the Company and other than (i) one involving negligence
or misconduct, or, if the Indemnitee is an independent director, one involving
gross negligence or willful misconduct; (ii) one that was material to the loss
or liability and that was committed in bad faith or that was the result of
active or deliberate dishonesty; (iii) one from which the Indemnitee actually
received an improper personal benefit in money, property or services; or (iv) in
the case of a criminal Proceeding, one as to which the Indemnitee had cause to
believe his conduct was unlawful.

                                       2
<PAGE>

         Section 1.7 "Liabilities" shall mean liabilities of any type
whatsoever, including, without limitation, any judgments, fines, excise taxes
and penalties under the Employee Retirement Income Security Act of 1974, as
amended, penalties and amounts paid in settlement (including all interest,
assessments and other charges paid or payable in connection with or in respect
of such judgments, fines, penalties or amounts paid in settlement) in connection
with the investigation, defense, settlement or appeal of any Proceeding or any
claim, issue or matter therein.

         Section 1.8 "Proceeding" shall mean any threatened, pending or
completed action, suit, arbitration, alternate dispute resolution mechanism,
investigation, administrative hearing or any other actual, threatened or
completed proceeding whether civil, criminal, administrative or investigative,
or any appeal therefrom.

         Section 1.9 "Voting Securities" shall mean any securities of the
Company that are entitled to vote generally in the election of directors.

                                   ARTICLE II
                            TERMINATION OF AGREEMENT

         This Agreement shall continue until, and terminate upon the later to
occur of (i) the death of the Indemnitee; or (ii) the final termination of all
Proceedings (including possible Proceedings) in respect of which the Indemnitee
is granted rights of indemnification or advancement of Expenses hereunder and of
any proceeding commenced by the Indemnitee regarding the interpretation or
enforcement of this Agreement.

                                  ARTICLE III
                  SERVICE BY INDEMNITEE, NOTICE OF PROCEEDINGS
                              AND DEFENSE OF CLAIMS

         Section 3.1 Notice of Proceedings. The Indemnitee agrees to notify the
Company promptly in writing upon being served with any summons, citation,
subpoena, complaint, indictment, information or other document relating to any
Proceeding or matter which may be subject to indemnification or advancement of
Expenses covered hereunder, but the Indemnitee's omission to so notify the
Company shall not relieve the Company from any liability which it may have to
the Indemnitee under this Agreement.

         Section 3.2 Defense of Claims. The Company will be entitled to
participate, at its own expense, in any Proceeding of which it has notice. The
Company jointly with any other indemnifying party similarly notified of any
Proceeding will be entitled to assume the defense of the Indemnitee therein,
with counsel reasonably satisfactory to the Indemnitee; provided, however, that
the Company shall not be entitled to assume the defense of the Indemnitee in any
Proceeding if there has been a Change in Control or if the Indemnitee has
reasonably concluded that there may be a conflict of interest between the
Company and the Indemnitee with respect to such Proceeding. The Company will not
be liable to the Indemnitee under this Agreement for any Expenses incurred by
the Indemnitee in connection with the defense of any Proceeding, other than
reasonable costs of investigation or as otherwise provided below, after notice
from the Company to the Indemnitee of its election to assume the defense of the
Indemnitee therein. The

                                       3
<PAGE>

Indemnitee shall have the right to employ his own counsel in any such
Proceeding, but the fees and expenses of such counsel incurred after notice from
the Company of its assumption of the defense thereof shall be at the expense of
the Indemnitee unless (i) the employment of counsel by the Indemnitee has been
authorized by the Company; (ii) the Indemnitee shall have reasonably concluded
that counsel employed by the Company may not adequately represent the Indemnitee
and shall have so informed the Company; or (iii) the Company shall not in fact
have employed counsel to assume the defense of the Indemnitee in such Proceeding
or the counsel employed by the Company shall not, in fact, have assumed such
defense or such counsel shall not be acting, in connection therewith, with
reasonable diligence; and in each such case the fees and expenses of the
Indemnitee's counsel shall be advanced by the Company in accordance with this
Agreement.

         Section 3.3 Settlement of Claims. The Company shall not settle any
Proceeding in any manner which would impose any liability, penalty or limitation
on the Indemnitee without the written consent of the Indemnitee; provided,
however, that the Indemnitee will not unreasonably withhold or delay consent to
any proposed settlement. The Company shall not be liable to indemnify the
Indemnitee under this Agreement or otherwise for any amounts paid in settlement
of any Proceeding effected by the Indemnitee without the Company's written
consent, which consent shall not be unreasonably withheld or delayed.

                                   ARTICLE IV
                                 INDEMNIFICATION

         Section 4.1 General. Upon the terms and subject to the conditions set
forth in this Agreement, the Company shall hold harmless and indemnify the
Indemnitee against any and all Liabilities actually incurred by or for him in
connection with any Proceeding (whether the Indemnitee is or becomes a party, a
witness or otherwise is a participant in any role) to the fullest extent
required or permitted by the Articles of Incorporation and by applicable law in
effect on the date hereof and to such greater extent as applicable law may
hereafter from time to time permit. For all matters for which the Indemnitee is
entitled to indemnification under this Article IV, the Indemnitee shall be
entitled to advancement of Expenses in accordance with Article V hereof.

         Section 4.2 Proceeding Other Than a Proceeding by or in the Right of
the Company. If the Indemnitee was or is a party or is threatened to be made a
party to any Proceeding (whether the Indemnitee is or becomes a party, a witness
or otherwise is a participant in any role) (other than a Proceeding by or in the
right of the Company) by reason of his Corporate Status, or by reason of alleged
action or inaction by him in any such capacity, the Company shall, subject to
the limitations set forth in Section 4.3 below, hold harmless and indemnify him
against any and all Expenses and Liabilities actually and reasonably incurred by
or for the Indemnitee in connection with the Proceeding if the act(s) or
comission(s) of the Indemnitee giving rise thereto were Good Faith Act(s) or
Omission(s).

         Section 4.3 Proceedings by or in the Right of the Company. If the
Indemnitee, by reason of his Corporate Status, or by reason of alleged action or
inaction by him in such capacity, was or is a party or is threatened to be made
a party to any Proceeding (whether the Indemnitee is or becomes a party, a
witness or otherwise is a participant in any role) by or in the right of the
Company, then the Company shall, subject to the limitations set forth in Section
4.6 below, hold

                                       4
<PAGE>

harmless and indemnify him against any and all Expenses actually incurred by or
for him in connection with the investigation, defense, settlement or appeal of
such Proceeding if the act(s) or omission(s) of the Indemnitee giving rise to
the Proceeding were Good Faith Act(s) or Omission(s); except that no
indemnification under this Section 4.3 shall be made in respect of any claim,
issue or matter as to which the Indemnitee shall have been finally adjudged to
be liable to the Company, unless a court of appropriate jurisdiction (including,
but not limited to, the court in which such Proceeding was brought) shall
determine upon application that, despite the adjudication of liability but in
view of all the circumstances of the case, regardless of whether the
Indemnitee's act(s) or omission(s) were found to be a Good Faith Act(s) or
Omission(s), the Indemnitee is fairly and reasonably entitled to indemnification
for such Expenses which such court shall deem proper.

         Section 4.4 Indemnification of a Party Who is Wholly or Partly
Successful. Notwithstanding any other provision of this Agreement, to the extent
that the Indemnitee is, by reason of the Indemnitee's Corporate Status, a party
to and is successful, on the merits or otherwise, in any Proceeding, the
Indemnitee shall be indemnified by the Company to the maximum extent consistent
with applicable law, against all Expenses and Liabilities actually incurred by
or for him in connection therewith. If the Indemnitee is not wholly successful
in such Proceeding but is successful, on the merits or otherwise, as to one or
more but less than all claims, issues or matters in such Proceeding, the Company
shall hold harmless and indemnify the Indemnitee to the maximum extent
consistent with applicable law, against all Expenses and Liabilities actually
and reasonably incurred by or for him in connection with each successfully
resolved claim, issue or matter in such Proceeding. Resolution of a claim, issue
or matter by dismissal, with or without prejudice, except as provided in Section
4.5 hereof, shall be deemed a successful result as to such claim, issue or
matter, so long as there has been no finding (either adjudicated or pursuant to
Article VI hereof) that the act(s) or omission(s) of the Indemnitee giving rise
thereto were not a Good Faith Act(s) or Omission(s).

         Section 4.5 Indemnification for Expenses as Witness. Notwithstanding
any other provision of this Agreement, to the extent that the Indemnitee, by
reason of the Indemnitee's Corporate Status, has prepared to serve or has served
as a witness in any Proceeding, or has participated in discovery proceedings or
other trial preparation, the Indemnitee shall be held harmless and indemnified
against all Expenses actually and reasonably incurred by or for him in
connection therewith.

         Section 4.6 Specific Limitations on Indemnification. In addition to the
other limitations set forth in this Article IV, and notwithstanding anything in
this Agreement to the contrary, the Company shall not be obligated under this
Agreement to make any payment to the Indemnitee for indemnification with respect
to any Proceeding:

         (a) To the extent that payment is actually made to the Indemnitee under
any insurance policy or is made on behalf of the Indemnitee by or on behalf of
the Company otherwise than pursuant to this Agreement.

         (b) If a court in such Proceeding has entered a judgment or other
adjudication which is final and has become non-appealable and establishes that a
claim of the Indemnitee for such indemnification arose from: (i) a breach by the
Indemnitee of the Indemnitee's duty of loyalty to

                                       5
<PAGE>

the Company or its shareholders; (ii) acts or omissions of the Indemnitee that
are not Good Faith Acts or Omissions or which are the result of active and
deliberate dishonesty; (iii) acts or omissions of the Indemnitee which the
Indemnitee had reasonable cause to believe were unlawful; or (iv) a transaction
in which the Indemnitee actually received an improper personal benefit in money,
property or service.

         (c) If there has been no Change in Control, for Liabilities in
connection with Proceedings settled without the consent of the Company which
consent, however, shall not be unreasonably withheld.

         (d) For any loss or liability arising from an alleged violation of
federal or state securities laws unless one or more of the following conditions
are met: (i) there has been a successful adjudication on the merits of each
count involving alleged securities law violations as to the Indemnitee, (ii)
such claims have been dismissed with prejudice on the merits by a court of
competent jurisdiction as to the Indemnitee; or (iii) a court of competent
jurisdiction approves a settlement of the claims against the Indemnitee and
finds that indemnification of the settlement and the related costs should be
made, and the court considering the request for indemnification has been advised
of the position of the Securities and Exchange Commission and of the published
position of any state securities regulatory authority in which securities of the
Company were offered or sold as to indemnification for violations of securities
laws.

                                   ARTICLE V
                             ADVANCEMENT OF EXPENSES

         Notwithstanding any provision to the contrary in Article VI hereof, the
Company shall advance to the Indemnitee all Expenses which, by reason of the
Indemnitee's Corporate Status, were incurred by or for him in connection with
any Proceeding for which the Indemnitee is entitled to indemnification pursuant
to Article IV hereof, in advance of the final disposition of such Proceeding,
provided that all of the following are satisfied: (i) the Indemnitee was made a
party to the proceeding by reason of his service as a director or officer of the
Company, (ii) the Indemnitee provides the Company with written affirmation of
his good faith belief that he has met the standard of conduct necessary for
indemnification by the Company pursuant to Article IV hereof, (iii) the
Indemnitee provides the Company with a written agreement (the "Undertaking") to
repay the amount paid or reimbursed by the Company, together with the applicable
legal rate of interest thereon, if it is ultimately determined that the
Indemnitee did not comply with the requisite standard of conduct, and (iv) the
legal proceeding was initiated by a third party who is not a stockholder of the
Company or, if by a stockholder of the Company acting in his or her capacity as
such, a court of competent jurisdiction approves such advancement. The
Indemnitee shall be required to execute and submit the Undertaking to repay
Expenses advanced in the form of Exhibit A attached hereto or in such form as
may be required under applicable law as in effect at the time of execution
thereof. The Undertaking shall reasonably evidence the Expenses incurred by or
for the Indemnitee and shall contain the written affirmation by the Indemnitee,
described above, of his good faith belief that the standard of conduct necessary
for indemnification has been met. The Company shall advance such expenses within
five (5) business days after the receipt by the Company of the Undertaking. The
Indemnitee hereby agrees to repay any Expenses advanced hereunder if it shall
ultimately be

                                       6
<PAGE>

determined that the Indemnitee is not entitled to be indemnified against such
Expenses. Any advances and the undertaking to repay pursuant to this Article V
shall be unsecured.

                                   ARTICLE VI
               PROCEDURE FOR PAYMENT OF LIABILITIES; DETERMINATION
                           OF RIGHT TO INDEMNIFICATION

         Section 6.1 Procedure for Payment. To obtain indemnification for
Liabilities under this Agreement, the Indemnitee shall submit to the Company a
written request for payment, including with such request such documentation as
is reasonably available to the Indemnitee and reasonably necessary to determine
whether, and to what extent, the Indemnitee is entitled to indemnification and
payment hereunder. The Secretary of the Company, or such other person as shall
be designated by the Board of Directors, promptly upon receipt of a request for
indemnification shall advise the Board of Directors, in writing, of such
request. Any indemnification payment due hereunder shall be paid by the Company
no later than five (5) business days following the determination, pursuant to
this Article VI, that such indemnification payment is proper hereunder.

         Section 6.2 No Determination Necessary when the Indemnitee was
Successful. To the extent the Indemnitee has been successful, on the merits or
otherwise, in defense of any Proceeding referred to in Sections 4.2 or 4.3 above
or in the defense of any claim, issue or matter described therein, the Company
shall indemnify the Indemnitee against Expenses actually and reasonably incurred
by or for him in connection with the investigation, defense or appeal of such
Proceeding.

         Section 6.3 Determination of Good Faith Act or Omission. In the event
that Section 6.2 is inapplicable, the Company also shall hold harmless and
indemnify the Indemnitee unless the Company shall prove by clear and convincing
evidence to a forum listed in Section 6.4 below that the act(s) or omission(s)
of the Indemnitee giving rise to the Proceeding were not Good Faith Act(s) or
Omission(s).

         Section 6.4 Forum for Determination. The Indemnitee shall be entitled
to select from among the following the forums, in which the validity of the
Company's claim under Section 6.3, that the Indemnitee is not entitled to
indemnification will be heard:

         (a) A quorum of the Board consisting of Disinterested Directors;

         (b) Legal counsel selected by the Indemnitee, subject to the approval
of the Board, which approval shall not be unreasonably delayed or denied, which
counsel shall make such determination in a written opinion; or

         (c) A panel of three arbitrators, one of whom is selected by the
Company, another of whom is selected by the Indemnitee and the last of whom is
selected jointly by the first two arbitrators so selected. As soon as
practicable, and in no event later than thirty (30) days after written notice of
the Indemnitee's choice of forum pursuant to this Section 6.4, the Company
shall, at its own expense, submit to the selected forum in such manner as the
Indemnitee or the

                                       7
<PAGE>

Indemnitee's counsel may reasonably request, its claim that the Indemnitee is
not entitled to indemnification, and the Company shall act in the utmost good
faith to assure the Indemnitee a complete opportunity to defend against such
claim. The fees and expenses of the selected forum in connection with making the
determination contemplated hereunder shall be paid by the Company. If the
Company shall fail to submit the matter to the selected forum within thirty (30)
days after the Indemnitee's written notice or if the forum so empowered to make
the determination shall have failed to make the requested determination within
thirty (30) days after the matter has been submitted to it by the Company, the
requisite determination that the Indemnitee has the right to indemnification
shall be deemed to have been made.

         Section 6.5 Right to Appeal. Notwithstanding a determination by any
forum listed in Section 6.4 above that the Indemnitee is not entitled to
indemnification with respect to a specific Proceeding, the Indemnitee shall have
the right to apply to the court in which that Proceeding is or was pending, or
to any other court of competent jurisdiction, for the purpose of enforcing the
Indemnitee's right to indemnification pursuant to this Agreement. Such
enforcement action shall consider the Indemnitee's entitlement to
indemnification de novo, and the Indemnitee shall not be prejudiced by reason of
a prior determination that the Indemnitee is not entitled to indemnification.
The Company shall be precluded from asserting that the procedures and
presumptions of this Agreement are not valid, binding and enforceable. The
Company further agrees to stipulate in any such judicial proceeding that the
Company is bound by all the provisions of this Agreement and is precluded from
making any assertion to the contrary.

         Section 6.6 Right to Seek Judicial Determination. Notwithstanding any
other provision of this Agreement to the contrary, at any time after sixty (60)
days after a request for indemnification has been made to the Company (or upon
earlier receipt of written notice that a request for indemnification has been
rejected) and within one (1) year after the making of such indemnification
request, the Indemnitee may petition a court of competent jurisdiction, whether
or not the court has jurisdiction over, or is the forum in which is pending, the
Proceeding, to determine whether the Indemnitee is entitled to indemnification
hereunder, and such court thereupon shall have the exclusive authority to make
such determination, unless and until such court dismisses or otherwise
terminates the Indemnitee's action without having made such determination. The
court, as petitioned, shall make an independent determination of whether the
Indemnitee is entitled to indemnification hereunder, without regard to any prior
determination in any other forum as provided hereby.

         Section 6.7 Expenses under this Agreement. Notwithstanding any other
provision in this Agreement to the contrary, the Company shall indemnify the
Indemnitee against all Expenses incurred by the Indemnitee in connection with
any hearing or proceeding under this Section VI involving the Indemnitee and
against all Expenses incurred by the Indemnitee in connection with any other
action between the Company and the Indemnitee involving the interpretation or
enforcement of the rights of the Indemnitee under this Agreement, even if it is
finally determined that the Indemnitee is not entitled to indemnification in
whole or in part hereunder.

                                       8
<PAGE>

                                  ARTICLE VII
                 PRESUMPTIONS AND EFFECT OF CERTAIN PROCEEDINGS

         Section 7.1 Burden of Proof. In making a determination with respect to
entitlement to indemnification hereunder, the person, persons, entity or
entities making such determination shall presume that the Indemnitee is entitled
to indemnification under this Agreement and the Company shall have the burden of
proof to overcome that presumption.

         Section 7.2 Effect of Other Proceedings. The termination of any
Proceeding or of any claim, issue or matter therein, by judgment, order or
settlement shall not create a presumption that the act(s) or omission(s) giving
rise to the Proceeding were not Good Faith Act(s) or Omission(s). The
termination of any Proceeding by conviction, or upon a plea of nolo contendere,
or its equivalent, or an entry of an order of probation prior to judgment, shall
create a rebuttable presumption that the act(s) or omission(s) of the Indemnitee
giving rise to the Proceeding were not Good Faith Act(s) or Omission(s).

         Section 7.3 Reliance as Safe Harbor. For purposes of any determination
of whether any act or omission of the Indemnitee was a Good Faith Act or
Omission, each act of the Indemnitee shall be deemed to be a Good Faith Act or
Omission if the Indemnitee's action is based on the records or books of accounts
of the Company, including financial statements, or on information supplied to
the Indemnitee by the officers of the Company in the course of their duties, or
on the advice of legal counsel for the Company or on information or records
given or reports made to the Company by an independent certified public
accountant or by an appraiser or other expert selected with reasonable care by
the Company. The provisions of this Section 7.3 shall not be deemed to be
exclusive or to limit in any way the other circumstances in which the Indemnitee
may be deemed to have met the applicable standard of conduct set forth in this
Agreement or under applicable law.

         Section 7.4 Actions of Others. The knowledge and/or actions, or failure
to act, of any other director, officer, agent or employee of the Company shall
not be imputed to the Indemnitee for purposes of determining the right to
indemnification under this Agreement.

                                  ARTICLE VIII
                                    INSURANCE

         In the event that the Company maintains officers' and directors' or
similar liability insurance to protect itself and any director or officer of the
Company against any expense, liability or loss, such insurance shall cover the
Indemnitee to at least the same degree as each other director and/or officer of
the Company.

                                   ARTICLE IX
                                  MISCELLANEOUS

         Section 9.1 Non-Exclusivity. The rights of the Indemnitee hereunder
shall not be deemed exclusive of any other rights to which the Indemnitee may at
any time be entitled under any provision of law, the Articles of Incorporation,
the Bylaws of the Company, as the same may be in effect from time to time, any
agreement, a vote of shareholders of the Company or a resolution of directors of
the Company or otherwise, and to the extent that during the term of this

                                       9
<PAGE>

Agreement the rights of the then-existing directors and officers of the Company
are more favorable to such directors or officers than the rights currently
provided to the Indemnitee under this Agreement, the Indemnitee shall be
entitled to the full benefits of such more favorable rights. No amendment,
alteration, rescission or replacement of this Agreement or any provision hereof
which would in any way limit the benefits and protections afforded to an
Indemnitee hereby shall be effective as to such Indemnitee with respect to any
action or inaction by such Indemnitee in the Indemnitee's Corporate Status prior
to such amendment, alteration, rescission or replacement.

         Section 9.2 Subrogation. In the event of any payment under this
Agreement, the Company shall be subrogated to the extent of such payment to all
of the rights of recovery of the Indemnitee, who shall execute all documents
required and take all action necessary to secure such rights, including
execution of such documents as are necessary to enable the Company to bring suit
to enforce such rights.

         Section 9.3 Notices. All notices, requests, demands and other
communications hereunder shall be in writing and shall be deemed to have been
duly given (i) if delivered by hand, by courier or by telegram and receipted for
by the party to whom said notice or other communication shall have been directed
at the time indicated on such receipt; (ii) if by facsimile at the time shown on
the confirmation of such facsimile transmission; or (iii) if by U.S. certified
or registered mail, with postage prepaid, on the third business day after the
date on which it is so mailed:

         If to the Indemnitee, as shown with the Indemnitee's signature below.

         If to the Company, to:

                                    Dividend Capital Trust Inc.
                                    518 17th street, 17th Floor
                                    Denver, CO 80202
                                    Attention: President
                                    Facsimile No. (303) 869-4644

or to such other address as may have been furnished to the Indemnitee by the
Company or to the Company by the Indemnitee, as the case may be.

         Section 9.4 Governing Law. The parties agree that this Agreement shall
be governed by, and construed and enforced in accordance with, the substantive
laws of the State of Maryland, without application of the conflict of laws
principles thereof.

         Section 9.5 Binding Effect. Except as otherwise provided in this
Agreement, this Agreement shall be binding upon and inure to the benefit of the
parties hereto and their heirs, executors, administrators, successors, legal
representatives and permitted assigns. The Company shall require any successor
or assignee (whether direct or indirect, by purchase, merger, consolidation or
otherwise) to all or substantially all of its respective assets or business, by
written agreement in form and substance reasonably satisfactory to the
Indemnitee, to assume

                                       10
<PAGE>

and agree to be bound by and to perform this Agreement in the same manner and to
the same extent as the Company would be required to perform absent such
succession or assignment.

         Section 9.6 Waiver. No termination, cancellation, modification,
amendment, deletion, addition or other change in this Agreement, or any
provision hereof, or waiver of any right or remedy herein, shall be effective
for any purpose unless specifically set forth in a writing signed by the party
or parties to be bound thereby. The waiver of any right or remedy with respect
to any occurrence on one occasion shall not be deemed a waiver of such right or
remedy with respect to such occurrence on any other occasion.

         Section 9.7 Entire Agreement. This Agreement, constitutes the entire
agreement and understanding among the parties hereto in reference to the subject
matter hereof; provided, however, that the parties acknowledge and agree that
the Articles of Incorporation of the Company contain provisions on the subject
matter hereof and that this Agreement is not intended to, and does not, limit
the rights or obligations of the parties hereto pursuant to such Articles of
Incorporation.

         Section 9.8 Titles. The titles to the articles and sections of this
Agreement are inserted for convenience of reference only and should not be
deemed a part hereof or affect the construction or interpretation of any
provisions hereof.

         Section 9.9 Invalidity of Provisions. Every provision of this Agreement
is severable, and the invalidity or unenforceability of any term or provision
shall not effect the validity or enforceability of the remainder of this
Agreement.

         Section 9.10 Pronouns and Plurals. Whenever the context may require,
any pronoun used in this Agreement shall include the corresponding masculine,
feminine or neuter forms, and the singular form of nouns, pronouns and verbs
shall include the plural and vice versa.

         Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which
together constitute one agreement binding on all the parties hereto.

         IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the day and year first above written.

DIVIDEND CAPITAL TRUST INC.

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

INDEMNITEE

--------------------------------
(Name)

                                       11
<PAGE>

                                    EXHIBIT A

                 FORM OF UNDERTAKING TO REPAY EXPENSES ADVANCED

The Board of Directors of Dividend Capital Trust Inc.

Re: Undertaking to Repay Expenses Advanced

Ladies and Gentlemen:

         This undertaking is being provided pursuant to that certain
Indemnification Agreement dated the ____ day of May, 2002, by and among dividend
Capital Trust Inc. and the undersigned Indemnitee (the "Indemnification
Agreement"), pursuant to which I am entitled to advancement of expenses in
connection with [Description of Proceeding] (the "Proceeding").

         Terms used herein and not otherwise defined shall have the meanings
specified in the Indemnification Agreement.

         I am subject to the Proceeding by reason of my Corporate Status or by
reason of alleged actions or omissions by me in such capacity. During the period
of time to which the Proceeding relates I was _____________________ [name of
office(s) held] of Dividend Capital Trust Inc. Pursuant to Article IV of the
Indemnification Agreement, the Company is obligated to reimburse me for Expenses
that are actually and reasonably incurred by or for me in connection with the
Proceeding, provided that I execute and submit to the Company an Undertaking in
which (i) I undertake to repay any Expenses paid by the Company on my behalf,
together with the applicable legal rate of interest thereon, if it shall be
ultimately determined that I am not entitled to be indemnified thereby against
such Expenses; (ii) I affirm my good faith belief that I have met the standard
of conduct necessary for indemnification; and (iii) I reasonably evidence the
Expenses incurred by or for me.

[Description of expenses incurred by or for Indemnitee]

         This letter shall constitute my undertaking to repay to the Company any
Expenses paid by it on my behalf, together with the applicable legal rate of
interest thereon, in connection with the Proceeding if it is ultimately
determined that I am not entitled to be indemnified with respect to such
Expenses as set forth above. I hereby affirm my good faith belief that I have
met the standard of conduct necessary for indemnification and that I am entitled
to such indemnification.

                                         ------------------------------------
                                         Signature

                                         ------------------------------------
                                         Name

                                         ------------------------------------
                                         Date

                                       12

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