Document:

ETHOS COMMUNICATIONS CORP. 1997 STOCK OPTION PLAN

          1. Purpose.  The purposes of the Ethos Communications Corp. 1997 Stock
     Option Plan are to enable the Company to attract and retain the services of
     employees and directors and to provide them with  increased  motivation and
     incentive to exert their best efforts on behalf of the Company by enlarging
     their personal stake in the Company's success.

          2. Definitions.  As used in the Plan, the following  definitions apply
     to the terms indicated  below:  "Board" means the Board of Directors of the
     Company.  "Change in Control"  means (i) the execution by the Company of an
     agreement to merge or consolidate  with another  corporation  (other than a
     corporation  50% or more of  which is  controlled  by,  or is under  common
     control  with,  the  Company),  or (ii) the  execution  of an  agreement by
     shareholders  of the Company to sell or transfer an amount of Shares  equal
     to or greater than 50% of the outstanding Shares of the Company.

          "Code" shall mean the Internal  Revenue Code of 1986,  as amended from
     time to time.  "Company"  means  Ethos  Communications  Corp.,  an Oklahoma
     corporation. "Fair Market Value" of a Share on a given day means, if Shares
     are listed on an  established  stock  exchange  or  exchanges,  the highest
     closing  sales  price of a Share as  reported  on such  stock  exchange  or
     exchanges;  or if not so reported, the average of the bid and asked prices,
     as quoted on the Nasdaq Stock Market,  Nasdaq Small-Cap Market,  the Nasdaq
     National  Association Bulletin Board, or by the National Quotations Bureau.
     If the  Shares  shall not be so  quoted,  the Fair  Market  Value  shall be
     determined  by the  Board  taking  into  account  all  relevant  facts  and
     circumstances.

                  "Incentive  Stock Option" means an Option that qualifies as an
incentive  stock option  within the meaning of Section 422 of the Code and which
is  identified  as an  Incentive  Stock  Option in the  agreement by which it is
evidenced.

                  "Option" means a right to purchase  Shares under the terms and
conditions  of the Plan as  evidenced  by an option  agreement  in such form not
inconsistent  with the Plan,  as the Board  may  adopt  for  general  use or for
specific cases from time to time.

                  "Nonqualified  Stock  Option"  means an Option  that is not an
Incentive Stock Option and which is identified as a Nonqualified Stock Option in
the agreement by which it is evidenced.

                  "Participant"  means an  employee  or  director,  eligible  to
participate  in the Plan  under  Section 5 hereof,  to whom an Option is granted
under the Plan.

<PAGE>

          "Plan" means the Ethos  Communications  Corp.  1997 Stock Option Plan,
     including any amendments thereto.

                  "Shares" means shares of the Company's Common Stock,  $.01 par
value, now or hereafter owned by the Company as treasury stock or authorized but
unissued shares of the Company's Common Stock, subject to adjustment as provided
in the Plan.

                  "Subsidiary" means any corporation, now or hereafter existent,
in which the  Company  owns,  directly or  indirectly,  stock  comprising  fifty
percent (50%) or more of the total combined voting power of all classes of stock
of such corporation.

         3.       Plan Adoption and Term.
                  A. The Plan shall  become  effective  upon its adoption by the
Board,  and  Options  may be  issued  upon such  adoption  and from time to time
thereafter; provided, however, that the Plan shall be submitted to the Company's
shareholders for their approval at the next annual meeting of  shareholders,  or
prior thereto at a special  meeting of  shareholders  expressly  called for such
purpose,  or by written  consent of the  holders of a majority of the issued and
outstanding  shares of Common Stock; and provided further,  that the approval of
the Company's  shareholders  shall be obtained  within twelve (12) months of the
date of adoption of the Plan. If the Plan is not approved at the annual  meeting
or special meeting by the affirmative vote of a majority of all shares voting at
such  meeting,  or by or by written  consent of the holders of a majority of the
issued and  outstanding  shares of Common  Stock,  then the Plan and all Options
then outstanding hereunder shall forthwith  automatically terminate and be of no
force and effect.

                  B. Subject to the provisions hereinafter contained relating to
amendment  or  discontinuance,  the Plan shall  continue  in effect for ten (10)
years  from the date of its  adoption  by the  Board.  No option  may be granted
hereunder after such ten-year period.

<PAGE>

         4.  Administration  of the Plan. The Plan shall be  administered by the
Board.  Except as otherwise expressly provided in the Plan, the Board shall have
sole and final  authority to interpret the  provisions of the Plan and the terms
of any Option  issued under it and to promulgate  and  interpret  such rules and
regulations  relating  to the  Plan and  Options  as it may  deem  necessary  or
desirable for the  administration  of the Plan.  Without limiting the foregoing,
the Board  shall,  subject  to  Section 5 and to the  extent  and in the  manner
contemplated herein,  determine who shall receive Options under the Plan and how
many  Shares  shall be subject to each such  Option.  The Board may  correct any
defect in the Plan or any  Option in the  manner and to the extent it shall deem
expedient to carry the Plan into effect and shall be the sole and final judge of
such expediency.

                  No member of the Board shall be liable for any action taken or
omitted or any determination made by him in good faith relating to the Plan, and
the Company shall  indemnify and hold harmless each member of the Board and each
other  director or employee of the Company to whom any duty or power relating to
the  administration or interpretation of the Plan has been delegated against any
cost or expense (including counsel fees) or liability (including any sum paid in
settlement of a claim with the approval of the Board)  arising out of any act or
omission in connection  with the Plan,  unless  arising out of such person's own
fraud or bad faith.

         5. Eligibility. The employees of the Company and its Subsidiaries, who,
in the opinion of the Board,  have a capacity for  contributing in a substantial
measure to the success of the Company and its Subsidiaries, shall be eligible to
participate  in the Plan.  Directors of the Company,  who need not be employees,
shall also be  eligible  to  participate  in the Plan.  No options  intended  to
qualify as Incentive Stock Options shall be granted under the Plan to any person
who,  before or after the grant or exercise  of any  Option,  owns or would own,
directly or indirectly, more than ten percent (10%) of the total combined voting
power of all classes of stock of the Company,  or its parent or any  Subsidiary,
or who is not an employee of the Company.

         6. Stock  Subject to the Plan.  Subject to  adjustment  as  provided in
Section 13 hereof, Options may be granted pursuant to the Plan with respect to a
number of Shares that, in the  aggregate,  does not exceed One Hundred  Thousand
(100,000)  Shares.  If, prior to the  termination  of the Plan,  an Option shall
expire or terminate for any reason  without  having been  exercised in full, the
unpurchased  Shares subject thereto shall again be available for the purposes of
the Plan.

         7.       Options.
                  A.  All  Options  granted  under  the Plan  shall  be  clearly
identified  either as Incentive Stock Options or as Nonqualified  Stock Options.
All Options  granted  under the Plan shall be  evidenced by  agreements  in such
form, not inconsistent  with the Plan, as the Board may adopt for general use or
for specific use from time to time.  An Option shall be deemed  "granted"  under
the Plan on the date on which the  Board,  by  appropriate  action,  awards  the
Option to a Participant, or on such subsequent date as the Board may designate.

<PAGE>

                  B. (i) The aggregate  Fair Market Value of Shares with respect
to which  Incentive Stock Options granted under the Plan are exercisable for the
first  time by a  Participant  during any  calendar  year under the Plan and any
other  stock  option  plan  of  the  Company  (and  its  parent  and  subsidiary
corporations  as those  terms are used in  Section  422 of the  Code)  shall not
exceed  $100,000.  Such Fair Market Value shall be  determined as of the date on
which each such  Incentive  Stock  Option is  granted.  To the  extent  that the
aggregate  Fair Market  Value of Shares  with  respect to such  Incentive  Stock
Options  exceeds  $100,000,  such  Incentive  Stock  Options shall be treated as
Nonqualified Options, but all other terms and provisions of such Incentive Stock
Options shall remain unchanged.

          (ii)  Subparagraph  (i) of this Paragraph B shall be applied by taking
     Options into account in the order in which they were granted.

          8. Option Price.  The price per share at which Shares may be purchased
     pursuant to any Option  granted  under the Plan shall be not less than 100%
     of the Fair Market Value of a Share on the date the Option is
granted.
          9.  Duration  of  Options.   No  Option  granted  hereunder  shall  be
     exercisable  after  the  expiration  of ten (10)  years  from the date such
     Option was granted.  All Options shall be subject to earlier termination as
     provided elsewhere in the Plan.
         10.      Conditions Relating to Exercise of Options.

                  A. The Board may, at its  discretion,  provide  that an Option
may not be  exercised  in whole or in part for any  period  or  periods  of time
specified in the Option  agreement.  Except as provided in the Option agreement,
an Option may be exercised  in whole or in part at any time during its term.  No
Option may be exercised for a fractional share of stock.

                  B. No Option shall be transferable by a Participant  otherwise
than by will or the  laws of  descent  and  distribution  and  Options  shall be
exercisable during the lifetime of a Participant only by such Participant.

                  C. An Option shall be exercised by the delivery to the Company
of a written  notice signed by the  Participant,  which  specifies the number of
Shares with respect to which the Option is being  exercised  and the date of the
proposed  exercise.  Such notice shall be delivered to the  Company's  principal
office, to the attention of its Secretary,  no less than three (3) business days
in advance of the date of the proposed  exercise and shall be accompanied by the
applicable option certificate  evidencing the Option. A Participant may withdraw
such notice at any time prior to the close of business on the  proposed  date of
exercise,  in which case the option  certificate  evidencing the Option shall be
returned to the Participant.

<PAGE>

                  D.  Payment for Shares  purchased  upon  exercise of an Option
shall be made at the time of exercise either in cash, by certified check or bank
cashier's  check or in Shares owned by the  Participant and valued at their Fair
Market  Value on the date of  exercise,  or partly in Shares with the balance in
cash or by certified check or bank cashier's  check. Any payment in Shares shall
be effected by their delivery to the Secretary of the Company, endorsed in blank
or accompanied by stock powers executed in blank.

                  E.  Certificates for Shares purchased upon exercise of Options
shall be issued and  delivered  as soon as  practicable  following  the date the
Option is exercised.  Certificates for Shares purchased upon exercise of Options
shall be issued in the name of the Participant.

                  F.  Notwithstanding any other provision in the Plan, no Option
may be  exercised  unless  and until the Shares to be issued  upon the  exercise
thereof have been  registered  under the  Securities  Act of 1933 and applicable
state securities laws, or are, in the opinion of counsel to the Company,  exempt
from  such  registration.  The  Company  shall not be under  any  obligation  to
register  under  applicable  federal or state  securities  laws any Shares to be
issued upon the exercise of an Option  granted  hereunder,  or to comply with an
appropriate  exemption from registration  under such laws in order to permit the
exercise of an Option and the  issuance  and sale of the Shares  subject to such
Option.   If  the  Company  chooses  to  comply  with  such  an  exemption  from
registration,  the Shares  issued under the Plan may, at the  discretion  of the
Board, bear an appropriate restrictive legend restricting the transfer or pledge
of the  Shares  represented  thereby,  and the Board  may also give  appropriate
stop-transfer instructions to the transfer agent to the Company.

                  G.  Any  person   exercising  an  Option  or  transferring  or
receiving  Shares  shall comply with all  regulations  and  requirements  of any
governmental authority having jurisdiction over the issuance,  transfer, or sale
of capital  stock of the Company,  and as a condition  to receiving  any Shares,
shall execute all such  instruments  as the Company in its sole  discretion  may
deem necessary or advisable.

                  H.  Notwithstanding  Paragraph A of this Section 10, the Board
may, in its sole  discretion,  accelerate  the date on which any Option  granted
under the Plan, and outstanding at such time, shall become exercisable.

<PAGE>

                  I. In the event of termination of a  Participant's  employment
by reason of such  Participant's  retirement  in  accordance  with an applicable
retirement  plan, any outstanding  Option held by such  Participant  shall be or
immediately  become fully  exercisable  as to the total number of Shares subject
thereto  (whether or not  exercisable  to that extent  prior to  termination  of
employment)  and  shall  remain  so  exercisable  but only for a period of three
months after commencement of such retirement,  at the end of which time it shall
terminate (unless such Option expires earlier by its terms).

                  J. In the event of termination of a  Participant's  employment
by reason  of such  Participant's  disability  within  the  meaning  of  Section
22(e)(3) of the Code, any outstanding  Option held by such Participant  shall be
or immediately become fully exercisable as to the total number of Shares subject
thereto  (whether or not  exercisable  to that extent  prior to  termination  of
employment)  and shall remain so  exercisable  but only for a period of one year
after termination of employment for such disability, at the end of which time it
shall terminate (unless such Option expires earlier by its terms).

                  K. In the  event of the  death of any  Participant  (including
death  during  an  approved  leave  of  absence  or  following  a  Participant's
retirement  or  disability),  any Option  then held by him which  shall not have
lapsed or  terminated  prior to his death shall be or  immediately  become fully
exercisable by the executors,  administrators,  legatees, or distributees of his
estate, as may be appropriate,  as to the total number of Shares subject thereto
(whether  or not  exercisable  to that  extent at the time of  death)  and shall
remain so exercisable  but only for a period of one year after death, at the end
of which time it shall  terminate  (unless  such Option  expires  earlier by its
terms).

                  L.  In the  event  of  the  termination  of the  Participant's
employment  otherwise  than  as  described  in  paragraphs  I,  J,  and  K,  any
outstanding  Option held by such Participant shall, to the extent exercisable at
the time of such event,  remain so  exercisable  but only for a period of ninety
(90) days  following  such  event,  at the end of which time it shall  terminate
(unless such Option expires earlier by its terms).  Whether an authorized  leave
of absence,  or absence in  military or  government  service,  shall  constitute
termination of employment shall be determined by the Board.

                  M.  Notwithstanding  Paragraph A of this  Section 10, upon the
occurrence  of a Change  in  Control,  any  Option  granted  under  the Plan and
outstanding  at such time shall become  fully and  immediately  exercisable  and
shall remain  exercisable until its expiration or termination as provided in the
Plan.

         11. No Employment  Rights.  Nothing contained in the Plan or any Option
shall confer upon any Participant any right with respect to the  continuation of
his  employment  by the  Company or  interfere  in any way with the right of the
Company,  subject  to the  terms of any  separate  employment  agreement  to the
contrary,  at any time to terminate  such  employment or to increase or decrease
the  compensation of the  Participant  from the rate in existence at the time of
the grant of an Option.

<PAGE>

         12.  Rights of a  Shareholder.  No person  shall have any  rights  with
respect to any Shares covered by or relating to any grant hereunder of an Option
until the date of issuance  of a  certificate  to him  evidencing  such  Shares.
Except as otherwise  expressly provided in the Plan, no adjustment to any Option
shall be made for  dividends  or other  rights for which the record  date occurs
prior to the date such certificate is issued.

         13.      Adjustment Upon Changes in Capital Stock.

                  A. If the capital  stock of the Company shall be subdivided or
combined,  whether by  reclassification,  stock dividend,  stock split,  reverse
stock split or other similar  transaction,  then the number of Shares authorized
under the Plan,  the number of Shares then subject to or relating to unexercised
Options  granted  hereunder  and the  exercise  price per Share will be adjusted
proportionately. A stock dividend shall be treated as a subdivision of the whole
number of Shares  equal to such whole number of Shares so  outstanding  plus the
number of Shares issued as a stock dividend.

                  B.  In  the  case  of  any  capital   reorganization   or  any
reclassification  of the  capital  stock of the  Company  (except  pursuant to a
transaction  described in Paragraph A of this Section 13) (a  "Reorganization"),
appropriate  adjustment  may be made by the  Board in the  number  and  class of
shares authorized to be issued under the Plan and the number and class of shares
subject to or relating to Options  awarded under the Plan and outstanding at the
time of such Reorganization.

          C. Each  Participant  will be notified of any adjustment made pursuant
     to this  Section 13 and any such  adjustment,  or the  failure to make such
     adjustment, shall be binding on the Participant.

                  D. Except as expressly set forth  herein,  the number and kind
of  Shares  subject  to  Options,  shall  not be  affected  by  any  transaction
(including, without limitation, any merger, recapitalization, stock split, stock
dividend,  issuance of stock or similar transaction) affecting the capital stock
of the Company and no Participant shall be entitled to any additional Options on
account thereof.

         14.      Withholding Taxes.

                  A.  Whenever  Shares are to be issued upon the  exercise of an
Option,  the Company shall have the right to require the Participant to remit to
the Company in cash an amount  sufficient  to satisfy  federal,  state and local
withholding tax  requirements,  if any, prior to the delivery of any certificate
or certificates for such Shares.

<PAGE>

                  B.  Notwithstanding  Paragraph  A of this  Section  14, at the
election of a Participant, subject to the approval of the Board, when Shares are
to be issued upon the exercise of an Option,  the  Participant may tender to the
Company a number of  Shares,  or the  Company  shall  withhold  a number of such
shares,  the Fair Market  Value of which is  sufficient  to satisfy the federal,
state and local tax  requirements,  if any,  attributable  to such  exercise  or
occurrence.  The Board hereby  grants its approval to any election made pursuant
to this  Paragraph  B, but reserves the right,  in its absolute  discretion,  to
withdraw such approval in case of any such election  effective upon its delivery
of notice thereof to the Participant.

                  C.  Notwithstanding  Paragraph  E of Section  10 hereof,  if a
Participant  subject to the  provisions of Section 16(b) of the Exchange Act who
has not  made an  election  pursuant  to  Section  83(b) of the  Code,  makes an
election  described in  Paragraph B of this  Section 14 to have Shares  withheld
with  respect to an Option,  then the Company  shall hold as  custodian  for the
Participant  certificates  evidencing the total number of Shares  required to be
issued  pursuant to the exercise of the Option until the  expiration  of six (6)
months  following  the  date of  such  exercise.  Upon  the  expiration  of such
six-month  period,  the Company shall deliver to such  Participant  certificates
evidencing  such Shares minus a number of such Shares,  the Fair Market Value of
which on the date on which such  period  expires is  sufficient  to satisfy  the
federal, state and local tax requirements attributable to such exercise.

                  D.  Notwithstanding  any  other  provisions  of  the  Plan,  a
individual  who is subject to Section  16(b) of the  Exchange  Act, may not make
either of the elections described in Paragraph B of this Section 14 prior to the
expiration of six (6) months after the date on which the  applicable  Option was
granted.  Such elections must be made either (i) during the 10-day window period
described in Section  (e)(3)(iii) of Rule 16b-3  promulgated  under such Section
16(b) of the  Exchange  Act, or (ii) at least six months prior to the date as of
which  the  income  attributable  to the  exercise  of  the  related  Option  is
recognized under the Code. Such elections shall be irrevocable and shall be made
by the  delivery to the  Company's  principal  office,  to the  attention of its
Secretary, of a written notice signed by Participant.

         15.      Amendment of the Plan.

                  A. The Board  may at any time and from  time to time  suspend,
discontinue,  modify or amend the Plan in any respect whatsoever except that the
Board may not suspend, discontinue,  modify or amend the Plan so as to adversely
affect  the  rights  of a  Participant  with  respect  to any  grants  that have
theretofore been made to such Participant without such Participant's approval.

                  B. No  amendment  to or  modification  of the Plan which:  (i)
materially  increases  the  benefits  accruing to  Participants;  (ii) except as
provided in Sections 6 and 13 hereof, increases the number of Shares that may be
issued under the Plan; or (iii) modifies the  requirements as to eligibility for
participation under the Plan shall be effective without shareholder approval.

<PAGE>

         16. Resolution of Disputes. The following provisions shall apply to any
controversy  between  the  Company  and its  Subsidiaries  and  the  Participant
(including any director,  officer,  employee,  agent or affiliate of the Company
and its  Subsidiaries)  relating to this Plan or any Option granted  pursuant to
this Plan.

          A. The parties first shall use their reasonable efforts to discuss and
     negotiate a resolution of the controversy. B. If the efforts to negotiate a
     resolution do not succeed,  the parties shall  resolve the  controversy  by
     final and binding  arbitration in accordance  with the Rules for Commercial
     Arbitration (the "Rules") of the American Arbitration Association in effect
     at the time of the  adoption  of this Plan and  pursuant  to the  following
     additional provisions:

                           (i) The Federal  Arbitration Act (the "Federal Act"),
         as  supplemented  by the  Oklahoma  Arbitration  Act (to the extent not
         inconsistent  with the Federal Act), shall apply to the arbitration and
         all procedural matters relating to the arbitration.

                           (ii) The parties shall select one  arbitrator  within
         ten days after filing of a demand and submission in accordance with the
         Rules.  If the parties fail to agree on an  arbitrator  within that ten
         day  period  or fail to  agree  to an  extension  of that  period,  the
         arbitration   shall  take  place  before  an  arbitrator   selected  in
         accordance with the Rules.

                           (iii) The  arbitration  shall take place in  Oklahoma
         City,  Oklahoma,  and the arbitrator shall issue any award at the place
         of arbitration. The arbitrator may conduct hearings and meetings at any
         place  agreeable  to the  parties  or,  upon  the  motion  of a  party,
         determined  by  the  arbitrator  as  necessary  to  obtain  significant
         testimony or evidence.

                           (iv) The arbitrator shall have the power to authorize
         all forms of  discovery  (including  depositions,  interrogatories  and
         document  production)  upon the showing of (a) a specific  need for the
         discovery, (b) that the discovery likely will lead to material evidence
         needed to resolve the controversy,  and (c) that the scope,  timing and
         cost of the discovery is not excessive.

                           (v) Authority of Arbitrator. The arbitrator shall not
         have the power (a) to alter,  modify,  amend,  add to, or subtract from
         any term or provision  of this Plan or any Option;  (b) to rule upon or
         grant any extension, renewal or continuance of this Plan or any Option;
         or (c) to grant interim injunctive relief prior to the award.

<PAGE>

                           (vi) Enforcement of Award. The prevailing party shall
         have the right to enter the award of the arbitrator in any court having
         jurisdiction  over  one or more of the  parties  or their  assets.  The
         parties  specifically  waive  any  right  they may have to apply to any
         court for relief  from the  provisions  of this  Agreement  or from any
         decision of the arbitrator made prior to the award.

                  B.  Attorneys'  Fees and Costs.  The  prevailing  party to the
arbitration  shall have the right to an award of its reasonable  attorneys' fees
and costs  (including the cost of the  arbitrator)  incurred after the filing of
the demand and submission.  If the Company prevails,  the award shall include an
amount for that portion of the administrative  overhead reasonably  allocable to
the time devoted by the in-house legal staff of the Company.

          C. Other Rights.  The  provisions of this Section 16 shall not prevent
     the Company,  its  Subsidiaries,  or the Participant from exercising any of
     their  rights  under  this  Plan,  any  Option,  or under the  common  law,
     including (without limitation) the right to terminate any agreement between
     the parties or to end or change the party's legal relationship.

         17.      Miscellaneous.

                  A. It is expressly  understood  that the Plan grants powers to
the Board but does not require their exercise;  nor shall any person,  by reason
of the  adoption  of the  Plan,  be deemed  to be  entitled  to the grant of any
Option;  nor shall any  rights  be  deemed  to accrue  under the Plan  except as
Options may be granted hereunder.

          B.  All  rights  hereunder  shall  be  governed  by and  construed  in
     accordance  with  the  laws of  Oklahoma.

          C.  All  expenses  of the  Plan,  including  the  cost of  maintaining
     records, shall be borne by the Company.AMENDED AND RESTATED

                          REGISTRATION RIGHTS AGREEMENT

         THIS REGISTRATION  RIGHTS AGREEMENT (the "Agreement") is made this 25th
day of August,  1999, by and among  Catalog.com,  Inc., an Oklahoma  corporation
(the "Corporation"),  and the persons listed on Schedule I hereto (collectively,
the  "Holders,"  each a "Holder"),  each of whom has  executed a signature  page
hereto.

                              W I T N E S S E T H:

         WHEREAS,  the execution of this  Agreement by the  Corporation  and the
Holders is a condition  to the  purchase by the Holders of Series B  Convertible
Preferred Stock, $.01 par value (the "Preferred  Stock"),  pursuant to the terms
of that certain Series B Convertible  Preferred Stock Purchase Agreement of even
date herewith (the "Stock Purchase Agreement"); and

          WHEREAS, on February 26, 1996, Ethos Communication  Corp., an Oklahoma
     corporation,  the predecessor to the Corporation,  and BancFirst Investment
     Corp.,   an  Oklahoma   corporation   ("BIC")  entered  into  that  certain
     Registration Rights Agreement (the "Original Agreement");

         NOW,  THEREFORE,  for and in consideration of the premises,  the mutual
covenants  and  agreements   contained  herein,  and  other  good  and  valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto hereby agree as follows:

1. Certain  Definitions.  As used in this  Agreement,  the following terms shall
have the following -------------------- respective meanings:

                  "Commission"   shall   mean  the   Securities   and   Exchange
         Commission,  or any other federal agency at the time  administering the
         Securities Act.

                  "Common Stock" shall mean the Common Stock, $.01 par value, of
         the Corporation, as constituted as of the date of this Agreement.

                  "Corporation" shall have the meaning given to such term in the
preamble hereto.

                  "Exchange Act" shall mean the Securities Exchange Act of 1934,
         as  amended,  or  any  similar  federal  statute,  and  the  rules  and
         regulations of the Commission  thereunder,  all as the same shall be in
         effect at the time.

                  "Holder" or "Holders"  shall have the meaning  given such term
in the preamble hereto.

                  "Preferred Stock" shall have the meaning given in the recitals
hereto.

                  "Registrable Securities" shall mean the shares of Common Stock
         held by a Holder or issuable upon  conversion  of the  Preferred  Stock
         held by the  Holders,  as  adjusted  for  events  under  Section 8, but
         excluding   securities  which  have  been:  (a)  registered  under  the
         Securities Act pursuant to an effective  registration  statement  filed
         thereunder  and  disposed  of  in  accordance  with  the   registration
         statement covering them or (b) publicly sold pursuant to Rule 144 under
         the Securities Act.

<PAGE>

                                       12

                  "Registration  Expenses"  shall mean the expenses so described
in Section 6.

                  "Securities  Act" shall mean the  Securities  Act of 1933,  as
         amended, or any similar federal statute,  and the rules and regulations
         of the Commission thereunder, all as the same shall be in effect at the
         time.

                  "Selling  Expenses"  shall mean the  expenses so  described in
Section 4.

         2. Notice of Proposed  Transfer.  Prior to any proposed transfer of any
Registrable Securities (other than under the circumstances described in Sections
3 or 4), the Holder thereof shall give written notice to the  Corporation of its
intention to effect such transfer. Each such notice shall describe the manner of
the proposed transfer and, if requested by the Corporation, shall be accompanied
by an opinion of counsel  satisfactory to the Corporation to the effect that the
proposed transfer may be effected without  registration under the Securities Act
and any applicable state securities laws, whereupon the Holder shall be entitled
to transfer  such stock in  accordance  with the terms of its notice;  provided,
however,  that no such opinion of counsel shall be required for a transfer to an
affiliated  corporation,  partnership,  limited  liability  companpy  or limited
liability partnership. Each certificate for Shares transferred as above provided
shall bear an appropriate  restrictive legend required under the Securities Act,
except that such certificate shall not bear such legend if: (i) such transfer is
in  accordance  with the  provisions  of Rule 144 (or any other rule  permitting
public sale without  registration under the Securities Act); or (ii) the opinion
of counsel  referred to above is to the further  effect that the  transferee and
any subsequent  transferee (other than an affiliate of the Corporation) would be
entitled to transfer such securities in a public sale without registration under
the Securities  Act. The  restrictions  provided for in this Section 2 shall not
apply to securities which are not required to bear such legend.

         3.  Required  Registration.  (a) At any  time,  or  from  time  to time
following  the earlier to occur of: (i) six (6) months  following the closing of
an initial public  offering,  or (ii) the fourth  anniversary of this Agreement,
the Holders  constituting at least 50% of the total Registrable  Securities then
outstanding may request the Corporation to register under the Securities Act all
or any portion of the Registrable  Securities held by the requesting Holders for
sale in the  manner  specified  in such  notice,  provided  that the  number  of
Registrable   Securities  for  which   registration  has  been  requested  shall
constitute at least 20% of the total Registrable Securities originally issued to
the requesting  Holders if the requesting Holders shall request the registration
of less than all  shares  of  Registrable  Securities  then held by them (or any
lesser percentage if the reasonably anticipated aggregate price to the public of
such  public  offering  would  exceed  $10,000,000);   provided,  however,  such
registration  shall be required  only if the  aggregate  offering  price of such
offering exceeds $15,000,000. The only securities which the Corporation shall be
required to register pursuant hereto shall be shares of Common Stock,  provided,
however,  that, in any underwritten public offering contemplated by this Section
3 or Section 4, the  Holders of  Preferred  Stock shall be entitled to sell such
Preferred Stock to the  underwriters  for  conversion,  exercise and sale of the
shares  of  Common   Stock   issued  upon   conversion   or  exercise   thereof.
Notwithstanding  anything to the contrary  contained  herein,  no request may be
made  under  this  Section  3 within  120 days  after  the  effective  date of a
registration  statement  filed by the  Corporation  covering  a firm  commitment
underwritten  public  offering in which the  requesting  Holders shall have been
entitled  to join  pursuant  to  Section 4 and in which  there  shall  have been
effectively registered all Registrable Securities as to which registration shall
have been requested.

<PAGE>

                  (b)  Following  receipt  of notice  under  Section  3(a),  the
Corporation shall immediately notify all Holders of Registrable Shares from whom
notice has not been  received and shall use its best  efforts to register  under
the Securities Act, for public sale in accordance with the method of disposition
specified  in such notice from  requesting  Holders,  the number of  Registrable
Securities  specified  in  such  notice  (and  in all  notices  received  by the
Corporation from other Holders within 30 days after the giving of such notice by
the Corporation).  If such method of disposition shall be an underwritten public
offering,  the requesting Holders of a majority of Registrable  Securities to be
sold in such offering may designate the managing  underwriter  of such offering,
subject  to the  approval  of  the  Corporation,  which  approval  shall  not be
unreasonably withheld or delayed. The Corporation shall be obligated to register
Registrable Securities pursuant to Section 3(a) on two occasions only, provided,
however, that such obligation shall be deemed satisfied only when a registration
statement covering all Registrable  Securities  specified in notices received as
aforesaid,  for sale in accordance  with the method of disposition  specified by
the  requesting  Holders,  shall have  become  effective  and, if such method of
disposition is a firm commitment  underwritten public offering,  all such shares
shall have been sold pursuant thereto.

                  (c) If at any  time  during  one six (6)  month  period  (i) a
Holder or Holders request that the Corporation file a registration  statement on
Form S-3 or any successor thereto for a public offering of all or any portion of
the shares of Registrable  Securities held by such requesting Holder or Holders,
the reasonable  anticipated  aggregate price to the public of which would exceed
$15,000,000 (net of allowances,  discounts, and underwriting expenses); and (ii)
the  Corporation  is a  registrant  entitled  to use Form  S-3 or any  successor
thereto to register such shares, then the Corporation shall use its best efforts
to register under the  Securities  Act on Form S-3 or any successor  thereto for
public  sale in  accordance  with the method of  disposition  specified  in such
notice, the number of shares of Registrable Securities specified in such notice.
Whenever  the  Corporation  is  required  by this  Section  3(c) to use its best
efforts  to effect  the  registration  of  Registrable  Securities,  each of the
procedures and  requirements of this Section 3 (including but not limited to the
requirement  that the Corporation  notify all Holders of Registrable  Securities
from whom notice has not been received and provide them with the  opportunity to
participate  in the  offering)  shall  apply  to  such  registration,  provided,
however,  that there shall be no  limitation on the number of  registrations  on
Form S-3 which may be  requested  and  obtained  under this  Section  3(c),  and
provided,  further,  however,  that  the  requirements  contained  in the  first
sentence of Section 3(a) shall not apply to any  registration  on Form S-3 which
may be requested and obtained under this Section 3(c).

                  (d) The  Corporation  shall  be  entitled  to  include  in any
registration  statement  referred to in this  Section 3, for sale in  accordance
with the method of  disposition  specified by the requesting  Holder,  shares of
Common Stock to be sold by the Corporation for its own account, except as and to
the extent that, in the opinion of the managing  underwriter  (if such method of
disposition  shall be an  underwritten  public  offering),  such inclusion would
adversely affect the marketing of the shares to be sold. Except for registration
statements on Form S-4, S-8 or any successor forms thereto, the Corporation will
not file with the  Commission any other  registration  statement with respect to
its Common  Stock,  whether for its own  account or that of other  shareholders,
from the date of receipt of a notice from  requesting  holders  pursuant to this
Section 3 until the completion of the period of distribution of the registration
contemplated thereby.

<PAGE>

         4. Incidental Registration.  If the Corporation at any time (other than
pursuant  to Section 3) proposes to  register  any of its  securities  under the
Securities  Act for sale to the  public,  whether for its own account or for the
account of other security  holders or both (except with respect to  registration
statements on Forms S-4, S-8 or another form not available for  registering  the
Registrable  Securities  for sale to the  public),  each  such time it will give
written  notice  to the  Holders  at least 30 days  prior to such  filing of its
intention to do. Upon the written  request of any such  Holder,  received by the
Corporation  within  30  days  after  the  giving  of  any  such  notice  by the
Corporation, to register any of its Registrable Securities, the Corporation will
use  its  best  efforts  to  cause  the  Registrable   Securities  as  to  which
registration shall have been so requested to be included in the securities to be
covered by the registration  statement  proposed to be filed by the Corporation,
all to the  extent  requisite  to permit  the sale or other  disposition  by the
Holders  of the  Registrable  Securities  so  registered.  In the event that any
registration  pursuant  to this  Section  4 shall  be,  in whole or in part,  an
underwritten  public  offering  of  Common  Stock,  the  number  of  Registrable
Securities to be included in such an underwriting may be reduced (pro rata among
the requesting Holders based upon the number of Registrable  Securities owned by
such Holders) if and to the extent that the managing underwriter shall be of the
opinion  that  such  inclusion  would  adversely  affect  the  marketing  of the
securities to be sold by the Corporation  therein,  provided,  however, (i) such
number  of  Registrable  Securities  shall  not be  reduced  if any  Registrable
Securities are to be included in such underwriting for the account of any person
other than the  Corporation or the requesting  Holders;  (ii) the shares held by
officers  of the  Corporation  shall be reduced  before any held by Holders  are
reduced;  and (iii) in no event may less than 30% of the total  number of shares
of  Common  Stock  to be  sold  in  such  underwriting  be  made  available  for
Registrable  Securities  held by the  requesting  Holders.  Notwithstanding  the
foregoing  provisions,  the Corporation may withdraw any registration  statement
referred to in this Section 4 without  thereby  incurring  any  liability to the
Holders.

          5.  Registration  Procedures.  If  and  whenever  the  Corporation  is
     required by the provisions of  ------------------------  Sections 3 or 4 to
     use  its  best  efforts  to  effect  the  registration  of  any  shares  of
     Registrable  Securities under the Securities Act, the Corporation  will, as
     expeditiously as possible:

                  (a)  prepare  and file  with  the  Commission  a  registration
statement  (which,  in the case of an underwritten  public offering  pursuant to
Section  3(a)  shall  be on Form  S-1 or  other  form of  general  applicability
satisfactory  to the managing  underwriter  selected as therein  provided)  with
respect to such  securities and use its best efforts to cause such  registration
statement  to become and  remain  effective  for the period of the  distribution
contemplated thereby (determined as hereinafter provided);

                  (b) prepare and file with the Commission  such  amendments and
supplements to such registration statement and the prospectus used in connection
therewith as may be necessary to keep such registration  statement effective for
the period  specified in paragraph  (a) above and comply with the  provisions of
the Securities Act with respect to the disposition of all Registrable Securities
covered by such registration  statement in accordance with the Holders' intended
method of disposition set forth in such registration statement for such period;

                  (c) furnish to each Holder and to each underwriter such number
of copies of the  registration  statement and the  prospectus  included  therein
(including each preliminary  prospectus) as such persons  reasonably may request
in order to facilitate the public sale or other  disposition of the  Registrable
Securities covered by such registration statement;

                  (d)  use  its  best   efforts  to   register  or  qualify  the
Registrable   Securities  covered  by  such  registration  statement  under  the
securities  or "blue sky" laws of such  jurisdictions  as the Holders or, in the
case of an underwritten public offering,  the managing  underwriter,  reasonably
shall request,  provided,  however,  that the Corporation shall not for any such
purpose be  required  to qualify  generally  to  transact  business as a foreign
corporation  in any  jurisdiction  where it is not so qualified or to consent to
general service of process in any such jurisdiction;

                  (e) use its best  efforts to list the  Registrable  Securities
covered by such registration statement with any securities exchange on which the
Common Stock of the Corporation is then listed;

<PAGE>

                  (f) immediately  notify each Holder and each underwriter under
such registration  statement,  at any time when a prospectus relating thereto is
required to be delivered under the Securities Act, of the happening of any event
of which the  Corporation  has  knowledge  as a result  of which the  prospectus
contained in such registration  statement, as then in effect, includes an untrue
statement of a material  fact or omits to state a material  fact  required to be
stated  therein or necessary to make the  statements  therein not  misleading in
light of the circumstances then existing;

                  (g) if the  offering is  underwritten  and at the request of a
Holder, use its best efforts to furnish on the date that Registrable  Securities
are delivered to the underwriters for sale pursuant to such registration: (i) an
opinion dated such date of counsel representing the Corporation for the purposes
of such registration,  addressed to the underwriters and to the Holders, stating
that such  registration  statement has become effective under the Securities Act
and that (A) to the best knowledge of such counsel, no stop order suspending the
effectiveness  thereof has been issued and no proceedings  for that purpose have
been instituted or are pending or contemplated under the Securities Act, (B) the
registration statement,  the related prospectus and each amendment or supplement
thereof comply as to form in all material  respects with the requirements of the
Securities  Act  (except  that such  counsel  need not express any opinion as to
financial  statements  contained  therein)  and (C) to  such  other  effects  as
reasonably may be requested by counsel for the underwriters or by such seller or
its  counsel;  and (ii) a letter  dated  such date from the  independent  public
accountants  retained by the Corporation,  addressed to the underwriters and the
Holders, stating that they are independent public accountants within the meaning
of the  Securities  Act  and  that,  in the  opinion  of such  accountants,  the
financial statements of the Corporation  included in the registration  statement
or the prospectus,  or any amendment or supplement thereof, comply as to form in
all  material  respects  with  the  applicable  accounting  requirements  of the
Securities  Act, and such letter shall  additionally  cover such other financial
matters  (including  information  as to the  period  ending  no more  than  five
business  days  prior  to  the  date  of  such  letter)  with  respect  to  such
registration as such underwriters reasonably may request; and

                  (h)  make  available  for  inspection  by  each  Holder,   any
underwriter  participating  in any  distribution  pursuant to such  registration
statement, and any attorney, accountant or other agent retained by any Holder or
underwriter,  all financial and other records, pertinent corporate documents and
properties of the Corporation,  and cause the Corporation's officers,  directors
and employees to supply all information reasonably requested by any such seller,
underwriter,  attorney, accountant or agent in connection with such registration
statement.

         For purposes of Section 5(a) and 5(b),  the period of  distribution  of
Registrable  Securities in a firm commitment  underwritten public offering shall
be deemed to extend until each underwriter has completed the distribution of all
securities  purchased  by it,  and the  period of  distribution  of  Registrable
Securities in any other registration shall be deemed to extend until the earlier
of the sale of all Registrable Securities covered thereby and 120 days after the
effective date thereof.

         In  connection  with each  registration  hereunder,  each  Holder  will
furnish to the  Corporation in writing such  information  with respect to it and
the proposed  distribution  by it as  reasonably  shall be necessary in order to
assure compliance with federal and applicable state securities laws.

         In  connection  with each  registration  pursuant  to  Sections 3 and 4
covering an underwritten public offering,  the Corporation and each Holder agree
to enter into a written agreement with the managing  underwriter selected in the
manner  herein  provided  in such form and  containing  such  provisions  as are
customary  in the  securities  business  for such an  arrangement  between  such
underwriter and companies of the Corporation's size and investment stature.

<PAGE>

         6. Expenses. All expenses incurred by the Corporation in complying with
Sections 3 and 4, including,  without  limitation,  all  registration and filing
fees,  printing  expenses,  fees and  disbursements  of counsel and  independent
public accountants for the Corporation, fees and expenses (including Corporation
counsel fees) incurred in connection  with  complying  with state  securities or
"blue sky" laws, fees of the National  Association of Securities Dealers,  Inc.,
transfer taxes,  fees of transfer agents and registrars,  costs of insurance and
fees and disbursements of one counsel for the Holders, but excluding any Selling
Expenses,  are called  "Registration  Expenses." All underwriting  discounts and
selling  commissions  applicable  to the  sale of  Shares  are  called  "Selling
Expenses".

         The Corporation will pay all  Registration  Expenses in connection with
each  registration  statement  under  Sections 3 or 4. All  Selling  Expenses in
connection with each registration statement under Sections 3 or 4 shall be borne
by the Holders in  proportion to the number of shares sold by them to the number
of shares sold by  participating  sellers other than the Corporation  (except to
the extent the Corporation shall be a seller) as they may agree.

         7. Indemnification and Contribution. (a) In the event of a registration
of any of the  Registrable  Securities  under the  Securities  Act  pursuant  to
Sections 3 or 4, the  Corporation  will indemnify and hold harmless each Holder,
each  underwriter  of such  Registrable  Securities  thereunder  and each  other
person,  if any, who controls  each such Holder or such  underwriter  within the
meaning  of  the  Securities  Act,  against  any  losses,   claims,  damages  or
liabilities,  joint or several, to which such seller, underwriter or controlling
person may become subject under the Securities Act or otherwise, insofar as such
losses, claims, damages or liabilities (or actions in respect thereof) arise out
of or are based upon any untrue  statement  or alleged  untrue  statement of any
material  fact  contained  in  any  registration   statement  under  which  such
Registrable  Securities  was  registered  under the  Securities  Act pursuant to
Sections  3 or 4,  any  preliminary  prospectus  or final  prospectus  contained
therein,  or any amendment or supplement  thereof,  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,
and will  reimburse  each  such  Holder,  each  such  underwriter  and each such
controlling person for any legal or other expenses  reasonably  incurred by them
in connection  with  investigating  or defending any such loss,  claim,  damage,
liability or action, provided,  however, that the Corporation will not be liable
in any such  case if and to the  extent  that any such  loss,  claim,  damage or
liability  arises out of or is based upon an untrue  statement or alleged untrue
statement or omission or alleged omission so made in conformity with information
furnished by such Holder, any such underwriter or any such controlling person in
writing specifically for use in such registration statement or prospectus.

<PAGE>

                  (b) In the event of a registration  of any of the  Registrable
Securities  under the  Securities  Act  pursuant to Sections 3 or 4, each Holder
will  indemnify  and hold  harmless the  Corporation,  each person,  if any, who
controls the Corporation  within the meaning of the Securities Act, each officer
of the Corporation who signs the  registration  statement,  each director of the
Corporation,  each  underwriter  and each person who  controls  any  underwriter
within the meaning of the Securities Act, against all losses, claims, damages or
liabilities,  joint  or  several,  to which  the  Corporation  or such  officer,
director,  underwriter  or  controlling  person  may  become  subject  under the
Securities  Act or  otherwise,  insofar  as  such  losses,  claims,  damages  or
liabilities  (or actions in respect  thereof) arise out of or are based upon any
untrue  statement or alleged untrue  statement of any material fact contained in
the  registration   statement  under  which  such  Registrable   Securities  was
registered under the Securities Act pursuant to Sections 3 or 4, any preliminary
prospectus or final prospectus contained therein, or any amendment or supplement
thereof,  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,  and will reimburse the Corporation and
each such officer, director, underwriter and controlling person for any legal or
other expenses  reasonably  incurred by them in connection with investigating or
defending any such loss, claim, damage, liability or action, provided,  however,
that such  Holder will be liable  hereunder  in any such case if and only to the
extent that any such loss, claim,  damage or liability arises out of or is based
upon an untrue  statement  or alleged  untrue  statement  or omission or alleged
omission made in reliance upon and in conformity with information  pertaining to
such Holder, as a seller, furnished in writing to the Corporation by such Holder
specifically for use in such registration statement or prospectus, and provided,
further,  however,  that the liability of such Holder hereunder shall be limited
to the proportion of any such loss, claim, damage, liability or expense which is
equal to the  proportion  that the public  offering  price of the shares sold by
such Holder under such registration statement bears to the total public offering
price of all  securities  sold  thereunder,  but not in any event to exceed  the
proceeds received by such Holder from the sale of Registrable Securities covered
by such registration statement.

                  (c) Promptly after receipt by the indemnified  party of notice
of the commencement of any action,  such indemnified  party shall, if a claim in
respect thereof is to be made against the indemnifying  party hereunder,  notify
the  indemnifying  party in writing  thereof,  but the omission so to notify the
indemnifying  party shall not relieve it from any liability which it may have to
such indemnified party other than under this Section 7 and shall only relieve it
from any  liability  which  it may have to such  indemnified  party  under  this
Section 7 if and to the  extent the  indemnifying  party is  prejudiced  by such
omission. In case any such action shall be brought against any indemnified party
and it shall notify the  indemnifying  party of the  commencement  thereof,  the
indemnifying  party shall be entitled  to  participate  in and, to the extent it
shall  wish,  to  assume  and   undertake  the  defense   thereof  with  counsel
satisfactory to such indemnified  party, and, after notice from the indemnifying
party to such  indemnified  party of its election so to assume and undertake the
defense thereof,  the indemnifying party shall not be liable to such indemnified
party under this Section 7 for any legal expenses  subsequently incurred by such
indemnified  party in connection  with the defense thereof other than reasonable
costs of  investigation  and of  liaison  with  counsel so  selected,  provided,
however, that, if the defendants in any such action include both the indemnified
party and the indemnifying party and the indemnified party shall have reasonably
concluded  that  there  may be  reasonable  defenses  available  to it which are
different from or additional to those available to the indemnifying  party or if
the interests of the indemnified party reasonably may be deemed to conflict with
the interests of the indemnifying  party,  the indemnified  party shall have the
right to  select a  separate  counsel  and to assume  such  legal  defenses  and
otherwise to  participate  in the defense of such action,  with the expenses and
fees of such separate counsel and other expenses  related to such  participation
to be reimbursed by the indemnifying party as incurred.

                  (d) In order to provide for just and equitable contribution to
joint  liability  under the  Securities  Act in any case in which  either  (i) a
Holder,  or any controlling  person thereof,  makes a claim for  indemnification
pursuant to this Section 7 but it is  judicially  determined  (by the entry of a
final judgment or decree by a court of competent jurisdiction and the expiration
of time to  appeal  or the  denial  of the  last  right  of  appeal)  that  such
indemnification  may not be enforced in such case  notwithstanding the fact that
this Section 7 provides for  indemnification  in such case, or (ii) contribution
under the  Securities Act may be required on the part of such Holder or any such
controlling person in circumstances for which  indemnification is provided under
this Section 7; then,  and in each such case,  the  Corporation  and such Holder
will contribute to the aggregate losses, claims, damages or liabilities to which
they may be subject (after  contribution from others) in such proportion so that
such Holder is responsible  for the portion  represented by the percentage  that
the  public  offering  price  of  its  Registrable  Securities  offered  by  the
registration  statement  bears to the public  offering  price of all  securities
offered by such registration  statement,  and the Corporation is responsible for
the remaining  portion;  provided,  however,  that,  in any such case,  (A) such
Holder  will not be required  to  contribute  any amount in excess of the public
offering price of all such Registrable Securities offered by it pursuant to such
registration  statement;  and (B) no  person  or  entity  guilty  of  fraudulent
misrepresentation  (within the meaning of Section 11(f) of the  Securities  Act)
will be entitled to contribution from any person or entity who was not guilty of
such fraudulent misrepresentation.

<PAGE>

         8. Changes in Capital  Stock.  If, and as often as, there is any change
in the Common Stock of the Corporation by way of a stock split,  stock dividend,
combination   or   reclassification,   or   through  a  merger,   consolidation,
reorganization  or  recapitalization,   or  by  any  other  means,   appropriate
adjustment  shall  be made in the  provisions  hereof  so that  the  rights  and
privileges granted hereby relative to the Registrable  Securities shall continue
with respect to the Common Stock as so changed.

         9. Rule 144 Reporting.  With a view to making available the benefits of
certain rules and regulations of the Commission which may at any time permit the
sale of the Registrable  Securities to the public without  registration,  at all
times after 90 days after any registration  statement covering a public offering
of  securities of the  Corporation  under the  Securities  Act shall have become
effective, the Corporation agrees to:

          (a) make and keep  public  information  available,  as those terms are
     understood and defined in Rule 144 under the Securities Act;

                  (b) use its best  efforts  to file  with the  Commission  in a
timely manner all reports and other documents  required of the Corporation under
the Securities Act and the Exchange Act; and

                  (c) furnish to each Holder  forthwith  upon  request a written
statement  by  the   Corporation  as  to  its  compliance   with  the  reporting
requirements  of such Rule 144 and of the Securities Act and the Exchange Act, a
copy of the most recent annual or quarterly report of the Corporation,  and such
other  reports  and  documents  so filed by the  Corporation  as such holder may
reasonably  request  in  availing  itself  of  any  rule  or  regulation  of the
Commission  allowing  such  Holder to sell any  Registrable  Securities  without
registration.

          10. Representations and Warranties of the Corporation. The Corporation
     represents and warrants to
               ---------------------------------------------------

each Holder as follows:

                  (a) The execution,  delivery and performance of this Agreement
by the Corporation  have been duly authorized by all requisite  corporate action
and will not  violate  any  provision  of law,  any  order of any court or other
agency  of  government,  the  Certificate  of  Incorporation  or  Bylaws  of the
Corporation or any provision of any indenture,  agreement or other instrument to
which it or any or its properties or assets is bound, conflict with, result in a
breach of or  constitute  (with  due  notice or lapse of time or both) a default
under  any such  indenture,  agreement  or other  instrument  or  result  in the
creation  or  imposition  of any  lien,  charge  or  encumbrance  of any  nature
whatsoever upon any of the properties or assets of the Corporation.

                  (b) This Agreement has been duly executed and delivered by the
Corporation  and  constitutes  the legal,  valid and binding  obligation  of the
Corporation, enforceable in accordance with its terms.

         11.      Miscellaneous.
                  -------------

                  (a) All covenants and  agreements  contained in this Agreement
by or on behalf of any of the parties hereto shall bind and inure to the benefit
of the  respective  successors  and  assigns of the  parties  hereto  (including
without  limitation  transferees  of any  Registrable  Securities),  whether  so
expressed or not.

                  (b) Any  notice  relating  to this  Agreement  shall be deemed
sufficiently  given and served for all  purposes  if given by a telegram  filed,
charges  prepaid,  or a writing  deposited in the United  States  mail,  postage
prepaid and  registered  or  certified  within the  Continental  United  States,
addressed as follows:

<PAGE>

                  If to the Corporation: Catalog.com, Inc.
                                        14000 Quail Springs Parkway, Suite 3600
                                        Oklahoma City, Oklahoma 73134

                              Attn: Robert W. Crull

                  If to a Holder: To the Address Set Forth on Schedule I

         Any  notice  so duly send by mail  shall be  deemed  given two (2) days
after deposit in a proper governmental  mailing facility and any notice given by
telegram  shall be  deemed  given on the day such  notice  is  delivered  to the
telegram company, charges paid.

                  (c) This  Agreement  shall be governed by and construed in
accordance  with the laws of the State of Oklahoma.

                  (d) This  Agreement  may not be  amended or  modified,  and no
provision  hereof may be waived,  without the written consent of the Corporation
and the Holders who hold a majority of the Registrable Securities at the time of
such waiver.

<PAGE>

                  (e)  This   Agreement   may  be   executed   in  two  or  more
counterparts,  each of  which  shall be  deemed  an  original,  but all of which
together shall constitute one and the same instrument.

                  (f) If  requested  in  writing  by the  underwriters  for  the
initial  underwritten  public  offering of securities of the  Corporation,  each
Holder shall agree not to sell publicly any Registrable  Securities  (other than
Registrable  Securities being registered in such offering),  without the consent
of such  underwriters,  for a period  of not more  than 180 days  following  the
effective  date  of  the  registration  statement  relating  to  such  offering;
provided, however, that all persons entitled to registration rights with respect
to shares  of Common  Stock who are not  parties  to this  Agreement,  all other
persons selling shares of Common Stock in such offering,  all persons holding in
excess of 1% of the capital  stock of the  Corporation  on a fully diluted basis
and all  executive  officers and  directors of the  Corporation  shall also have
agreed not to sell  publicly  their  Common  Stock under the  circumstances  and
pursuant to the terms set forth in this Section 11(f).

                  (g)  Notwithstanding  the  provisions  of  Section  3(a),  the
Corporation's  obligation  to  file a  registration  statement,  or  cause  such
registration statement to become and remain effective,  shall be suspended for a
period not to exceed 60 days in any 24-month  period if there exists at the time
material  non-public  information  relating  to the  Corporation  which,  in the
reasonable opinion of the Corporation, should not be disclosed.

                  (h) The  Corporation  shall not  grant to any third  party any
registration  rights  more  favorable  than or  inconsistent  with  any of those
contained herein, so long as any of the registration rights under this Agreement
remains in effect.

                  (i) The rights of any Holder  hereunder may be assigned to (i)
any transferee  who acquires  50,000 shares of  Registrable  Securities;  (ii) a
successor   entity;   (iii)  to  an  entity  pursuant  to  a  reorganization  or
recapitalization of a Holder; or (iv) to a partner of a Holder.

                  (j) For any Registrable  Securities  held by any Holders,  the
provisions  of  Sections  3 and 4 hereof  shall  terminate  at such time as such
Registrable Securities may be sold within any three (3) month period pursuant to
Rule 144.  Further,  the provisions of Section 3(a) shall terminate on the fifth
anniversary of this Agreement.

                  (k) If any  provision  of this  Agreement  shall be held to be
illegal,   invalid   or   unenforceable,    such   illegality,   invalidity   or
unenforceability shall attach only to such provision and shall not in any manner
affect or render illegal,  invalid or unenforceable  any other provision of this
Agreement,  and this  Agreement  shall be  carried  out as if any such  illegal,
invalid or unenforceable provision were not contained herein.

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

                                                     CATALOG.COM, INC.

                                  By:__________________________________________
                                                     Robert W. Crull
                                                 Chief Executive Officer

<PAGE>

RICHMONT OPPORTUNITY FUND, L.P.

By: Richmont Opportunity Management Partners, L.P.,
its General Partner

By: Richmont Investment Management,L.L.C.,
its General Partner

By: /s/ J. Brett Robertson
--------------------------

Title: President

RICHMONT OPPORTUNITY PARTNERS, LTD.

By: Richmont Opportunity Management Partners,
L.P., its Attorney-in-Fact

By: Richmont Investment Management,L.L.C.,
its General Partner

By: /s/ J. Brett Robertson
--------------------------

Title: President

BANCFIRST INVESTMENT CORPORATION

By:_____________________________________
T. Kent Faison, President

-----------------------------------------
Gaylan D. Yates

----------------------------------------
Brad Kurtz

-------------------------------------------
Dean Kurtz

-------------------------------------------
Rodric M. Phillips, Jr., M.D.

---- -----------------------------------
Richard A. Ruffin

<PAGE>

------------------------------------------
William J. Perkins

--------------------------------------------
James M. Odor

--------------------------------------------
Randel W. Green

--------------------------------------------
*William Brown

--------------------------------------------
*Steven Kregg Jodie

---------------------------
*William John Philip Rochon
---------------------------
*William H. Randall
---------------------------
*Anton Whiley

---------------------------
*Caleb Hayhoe

RICHMONT TRADING ASIA-PACIFIC LIMITED
By:______________________________________________

------------------------------------------
*Timothy H. Mitchell

----------------------------------------------

<PAGE>

                                                     Alan W. Tompkins
                                  ---------------------------------------------
                                                     J. Brett Robertson

---------------------------------
*By J. Brett Robertson, Attorney-in-Fact

<PAGE>

                                   SCHEDULE I

                 HOLDERS OF SERIES B CONVERTIBLE PREFERRED STOCK

                  Richmont Opportunity Fund, L.P.
                  c/o J. Brett Robertson
                  16251 Dallas Parkway, 7th Floor
                  Addison, TX   75001

                  Richmont Opportunity Partners, Ltd.
                  c/o J. Brett Robertson
                  16251 Dallas Parkway, 7th Floor

                  Addison, TX   75001

                  Gaylan D. Yates

                  3201 N.W. 206th
                  Edmond, Oklahoma   73003-9034

                  Brad Kurtz
                  22784 Wild Irishman Rd.
                  Rapid City, South Dakota   57702

                  Dean Kurtz
                  6149 Timberline Rd. West
                  Rapid City, South Dakota   57702

                  Rodric M. Phillips, M.D.
                  1649 Saratoga Way
                  Edmond, Oklahoma   73003

                  Richard A. Ruffin
                  1502 Drury Lane

                  Oklahoma City, Oklahoma   73116

                  William J. Perkins
                  19500 N. Indian Meridian Road
                  Luther, Oklahoma   73054

                  James M. Odor

                  3433 N.W. 56th
                  Oklahoma City, Oklahoma   73112

                  Randel W. Green

                  7017 N.W. 129th
                  Oklahoma City, Oklahoma   73142

                  William Brown
                  16251 Dallas Parkway, 7th Floor
                  Addison, Texas   75001

                  Steven Kregg Jodie
                  16251 Dallas Parkway, 7th Floor
                  Addison, Texas   75001

<PAGE>

                  William John Philip Rochon
                  17855 Dallas Parkway, 2nd  Floor
                  Dallas, Texas   75287

                  William H. Randall
                  4300 Westgrove Drive
                  Addison, Texas   75001

                  Anton Whiley
                  4300 Westgrove Drive
                  Addison, Texas   75001

                  Caleb Hayhoe
                  4300 Westgrove Drive
                  Addison, Texas   75001

                  Richmont Trading Asia-Pacific Limited
                  4300 Westgrove Drive
                  Addison, Texas   75001

                  Timothy H. Mitchell
                  4300 Westgrove Drive
                  Addison, Texas   75001

                  Alan W. Tompkins
                  6979 Bob O Link Drive
                  Dallas, Texas   75214

                  J. Brett Robertson
                  16251 Dallas Parkway, 7th Floor
                  Addison, Texas   75001

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