Document:

Prepared by MerrillDirect

EXHIBIT 10.5

PREVIEW SYSTEMS, INC.

OFFICER RETENTION, SEVERANCE,
OPTIONS GRANT, AND ACCELERATED

VESTING AGREEMENT

Name:  
Roger Rowe                                                               Date:  
April 3, 2001

             Preview
Systems wishes to provide you with an incentive to continue in the service of
the Company through certain potential transactions and for a reasonable period
of time thereafter.  If you wish to
receive the benefits of the Retention Bonus, Severance and Accelerated Vesting
Agreement, please sign the bottom of this letter indicating your acknowledgement
and agreement to the terms described in this letter, and return it to HR no later than 5:00 p.m.
on April 10, 2001.

Retention Bonus Amount:

Lump
sum payment equal to six months of your base salary plus 50% of your target
bonus for this year, reduced by applicable withholding taxes.

Severance Amount:

Lump
sum payment equal to three months of your base salary plus 25% of your target
bonus for this year, reduced by applicable withholding taxes.

Options Grant:  50,000
shares of Preview Systems common stock at a price per share of $2.6562

Accelerated Vesting:

•            100% of  new grant

•            50% of previously unvested options
or unvested stock subject to repurchase

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

One
of the following circumstances applies to you:

	 	•	You
  continue in the active full time employment of Preview on the Retention Bonus
  payment dates specified below; or
	 	 	 
	 	•	You
  are terminated from your employment by Preview other than for cause before
  July 31, 2001.

And
you meet each of the following conditions:

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

Payment of Retention Bonus:

Half
of the Retention Bonus shall be paid on June 30, 2001, and the remaining half
shall be paid on July 31, 2001.

Conditions for Receipt of the Severance Amount:

	 	•	Your
  employment with the Company is terminated by the Company other than for
  cause, and other than on account of your commencement of employment with an
  acquiring company.

And
you meet each of the following conditions:

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

Condition for Receipt of Accelerated Vesting:  You will
receive the Acceleration of Vesting on the earlier of the following events:

	 	•	You
  are employed by the Company immediately prior to the closing of a transaction
  involving the sale of substantially all of the Company’s assets or the
  acquisition of more than 50% of the voting shares of the Company’s stock.
	 	 	 
	 	•	Termination
  of your employment other than for cause, and you sign and return a general
  release of claims.

 

	 	Preview
  Systems, Inc.
	 	 
	 	By:
	 	

	 	 
	 	Title:
  President & CEO
	 	 
	 	 
	ACKNOWLEDGED
  AND ACCEPTED:	 
	 	 
	 	Date:Prepared by MerrillDirect

EXHIBIT 10.6

PREVIEW SYSTEMS, INC.

OFFICER RETENTION, SEVERANCE,
OPTIONS GRANT, AND ACCELERATED

VESTING AGREEMENT

Name:  
Ed Wholihan                                                              Date:  
April 5, 2001

             Preview
Systems wishes to provide you with an incentive to continue in the service of
the Company through certain potential transactions and for a reasonable period
of time thereafter.  If you wish to
receive the benefits of the Retention Bonus, Severance and Accelerated Vesting
Agreement, please sign the bottom of this letter indicating your acknowledgement
and agreement to the terms described in this letter, and return it to HR no later than 5:00 p.m.
on April 12, 2001.

Retention Bonus Amount:

Lump
sum payment equal to nine months of your base salary plus 75% of your target
bonus for this year, reduced by applicable withholding taxes.

Severance Amount:

Lump
sum payment equal to three months of your base salary plus 25% of your target
bonus for this year, reduced by applicable withholding taxes.

New Option Grant:  40,000
shares of Preview Systems common stock at a price per share of $2.6562

Accelerated Vesting:

	 	•	100%
  of the new grant (described above)
	 	 	 
	 	•	100%
  of 1998 grant numbers 144, 145, 62, and 68
	 	 	 
	 	•	50%
  of other previously unvested options or unvested stock subject to repurchase

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

One
of the following circumstances applies to you:

	 	•	You
  continue in the active full time employment of Preview until June 30, 2001;
  or
	 	 	 
	 	•	You
  are terminated from your employment by Preview other than for cause before
  June 30, 2001; or
	 	 	 
	 	•	You
  accept an offer of employment with an acquiring company by June 30, 2001,
  providing for base salary at least equal to your current base salary and not
  requiring a change in location of your place of work in excess of 50 miles
  from your current place of work.

 

And
you meet each of the following conditions:

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

Conditions for Receipt of the Severance Amount:

	 	•	Your
  employment with the Company is terminated by the Company other than for cause.*

And
you meet each of the following conditions:

	 	•	You
  maintain the confidentiality of this Severance offer.
	 	 	 
	 	•	You
  sign and return a general release of claims in a form provided by Preview
  Systems (a copy of which is attached) within the time frame described on the
  release.
	 	 	 
	 	*
  Your employment with the Company will be terminated on or before June 30,
  2001at the discretion of the Company.

Condition for Receipt of Accelerated Vesting:  You will receive the Acceleration of Vesting
on the earlier of the following events:

	 	•	You
  are employed by the Company immediately prior to the closing of a transaction
  involving the sale of substantially all of the Company’s assets or the
  acquisition of more than 50% of the voting shares of the Company’s stock.
	 	 	 
	 	•	Termination
  of your employment other than for cause, and you sign and return a general
  release of claims.

 

	 	Preview
  Systems, Inc.
	 	 
	 	By:
	 	

	 	 
	 	Title:
  President & CEO
	 	 
	 	 
	ACKNOWLEDGED
  AND ACCEPTED:	 
	 	 
	 	Date:Prepared by MerrillDirect

EXHIBIT 10.7

PREVIEW SYSTEMS, INC.

OFFICER RETENTION,
SEVERANCE,  AND ACCELERATED VESTING

AGREEMENT

Name:  
Luke Hohmann                                                                       Date:  
April 6, 2001

             Preview
Systems wishes to provide you with an incentive to continue in the service of
the Company through certain potential transactions and for a reasonable period
of time thereafter.  If you wish to
receive the benefits of the Retention Bonus, Severance and Accelerated Vesting
Agreement, please sign the bottom of this letter indicating your acknowledgement
and agreement to the terms described in this letter, and return it to HR no later than 5:00 p.m.
on April 13, 2001.

Retention Bonus Amount:

Lump
sum payment equal to six months of your base salary plus 50% of your target
bonus for this year, reduced by applicable withholding taxes.

Severance Amount:

Lump
sum payment equal to three months of your base salary plus 25% of your target
bonus for this year, reduced by applicable withholding taxes.

Incentive Bonus Amount:

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

Accelerated Vesting:

             50%
of unvested options or unvested stock subject to repurchase

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

One
of the following circumstances applies to you:

	 	•	You
  continue in the active full time employment of Preview until June 30, 2001;
  or
	 	 	 
	 	•	You
  are terminated from your employment by Preview other than for cause before
  June 30, 2001.

And
you meet each of the following conditions:

	 	•	You
  accept an offer of employment with an acquiring company made before June 30,
  2001, providing for base salary at least equal to your current base salary
  and not requiring a change in location of your place of work in excess of 50
  miles from your current place of work.
	 	 	 
	 	•	You
  maintain the confidentiality of this Retention Bonus offer.
	 	 	 
	 	•	You
  sign and return a general release of claims in a form provided by Preview
  Systems (a copy of which is attached) within the time frame described on the
  release.

 

Conditions for Receipt of the Severance Amount:

	 	•	Your
  employment with the Company is terminated by the Company other than for
  cause, and other than on account of your commencement of employment with an
  acquiring company.

And
you meet each of the following conditions:

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

Conditions for Receipt of the Incentive Bonus:

	 	•	You
  accept an offer of employment with an acquiring company.
	 	 	 
	 	•	You
  are in your position with the acquiring company as of December 15, 2001.

Conditions for Receipt of Accelerated Vesting:  You will
receive the Acceleration of Vesting on the earlier of the following events:

	 	•	You
  are employed by the Company immediately prior to the closing of a transaction
  involving the sale of substantially all of the Company’s assets or the
  acquisition of more than 50% of the voting shares of the Company’s stock.
	 	 	 
	 	•	Termination
  of your employment other than for cause, and you sign and return a general
  release of claims.

 

	 	Preview
  Systems, Inc.
	 	 
	 	By:
	 	

	 	 
	 	Title:
  President & CEO
	 	 
	 	 
	ACKNOWLEDGED
  AND ACCEPTED:	 
	 	 
	 	Date:

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