Document:

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                            FORMAN INTERACTIVE CORP.
                             1997 STOCK OPTION PLAN

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                            FOREMAN INTERACTIVE CORP.
                             1997 STOCK OPTION PLAN

                  1. Purposes of the Plan

                  The purposes of this Forman Interactive Corp. 1997 Stock
Option Plan (the "Plan") are to enable Forman Interactive Corp. ("the Company")
to attract, retain, and motivate the employees who are important to the success
and growth of the business of the Company and to create a long-term mutuality of
interest between those employees and the stockholders of the Company by granting
those employees options (which may be either Incentive Stock Options (as defined
herein) or Non-Qualified Stock Options (as defined herein) to purchase Common
Stock (as defined herein).

                  2. Definitions

                     (a) "Act" means the Securities Exchange Act of 1934.

                     (b) "Board" means the Board of Directors of the Company.

                     (c) "Code" means the Internal Revenue Code of 1986, as
amended. Any reference to any section of the Code shall also be a reference to
any successor provision.

                     (d) "Committee" means such committee, if any, appointed by
the Board to administer the Plan, consisting of three or more directors as may
be appointed from time to time by the Board. If the Board does not appoint a
committee for this purpose, "Committee" means the Board.

                     (e) "Common Stock" means the common stock of the Company,
par value $.0001 per share, any Common Stock into which the Common Stock may be
converted and any Common Stock resulting from any reclassification of the Common
Stock.

                     (f) "Company" means Forman Interactive Corp. and any of its
Subsidiaries whose employees are Participants in the Plan.

                     (g) "Disability" means a permanent and total disability, as
determined by the Committee in its sole discretion. A Disability shall be deemed
to occur at the time of the determination of the Disability by the Committee.

                     (h) "Fair Market Value" means, for purposes of this Plan,
unless otherwise required by any applicable provision of the Code or any
regulations thereunder, the value of a Share (as defined herein) on a particular
date, determined as follows:

                               (i) if the Common Stock is listed or admitted to
trading on such date on a national securities exchange or quoted through the
Nasdaq National Market ("Nasdaq"), the closing sale price of a Share as reported

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on the relevant composite transaction tape, if applicable, or on the principal
such exchange (determined by trading value in the Common Stock) or through the
National Market System, as the case may be, on such date, or in the absence of
reported sales on such date, the mean between the highest reported bid and
lowest reported asked prices reported on such composite transaction tape or
exchange or through the National Market System, as the case may be, on such
date; or

                               (ii) if the Common Stock is not listed or quoted
as described in the preceding clause, but bid and asked prices are quoted
through Nasdaq, the mean between the highest reported bid and lowest reported
asked prices as quoted through Nasdaq on such date; or

                               (iii) if the Common Stock is not listed or quoted
on a national securities exchange or through Nasdaq or, if pursuant to (i) and
(ii) above the Fair Market Value is to be determined based upon the mean of the
highest reported bid and lowest reported asked prices and the Committee
determines that such mean does not properly reflect the Fair Market Value, by
such other method as the Committee determines to be reasonable and consistent
with applicable law; or

                               (iv) if the Common Stock is not publicly traded,
such amount as set by the Committee in good faith.

                     (i) "Incentive Stock Option" means any Option intended to
qualify as an "incentive" stock option," as defined in Section 422 of the Code.

                     (j) "Non-Qualified Stock Option" shall mean any option
awarded under this Plan that is not an Incentive Stock Option."

                     (k) "Option" means the right to purchase one Share at a
prescribed purchase price on the terms specified in the Plan. An Option may be
an Incentive Stock Option or a Non Qualified Stock Option.

                     (l) "Participant" means an employee of the Company who is
granted Options under the Plan.

                     (m) "Share" means a share of Common Stock.

                     (n) "Subsidiary" means any corporation more than 50% of the
voting stock of which is directly or indirectly beneficially owned by the
Company. An entity shall be deemed a Subsidiary of the Company only for such
periods as the requisite ownership relationship is maintained.

                     (o) "Substantial Stockholder" means any Participant who at
the time of grant owns directly (or is deemed to own by reason of the
attribution rules set forth in Section 424(d) of the Code) Shares possessing
more than 10% of the total combined voting power of all classes of stock of the
Company as determined under Section 422 of the Code.

                     (p) "Termination of Employment" with respect to an
individual means that individual is no longer an employee of the Company or any
of its Subsidiaries. In the event an entity shall cease to be a Subsidiary of
the Company, there shall be deemed a Termination of Employment of any individual

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who is not otherwise an employee of the Company or another Subsidiary of the
Company at the time the entity ceases to be a Subsidiary. A Termination of
Employment shall not include a leave of absence approved for purposes of the
Plan by the Committee.

                     (q) "Transfer" or "Transferred" shall mean attach, sell,
assign, pledge, encumber, charged or otherwise transfer.

                  3. Effective Date/Expiration of Plan

                  The Plan shall become effective upon its adoption by the Board
and approval by the stockholders of the Company (the "Effective Date"). Grants
of Options under the Plan may be made after adoption of the Plan by the Board,
subject to stockholder approval to the extent required by law. No Option shall
be granted under the Plan on or after the tenth anniversary of the Effective
Date (the "Termination Date"), but Options granted prior to the Termination Date
may be exercised after the Termination Date.

                  4. Administration

                     (a) Duties of the Committee. The Plan shall be administered
by the Committee. The Committee shall have full authority to interpret the Plan
and to decide any questions and settle all controversies and disputes that may
arise in connection with the Plan; to establish, amend and rescind rules for
carrying out the Plan; to administer the Plan, subject to its provisions; to
select Participants in, and grant Options under, the Plan; to determine the
terms, exercise price and form of exercise payment of each Option granted under
the plan; to determine which Options granted under the Plan shall be Incentive
Stock Options; to prescribe the form or forms of instruments evidencing Options
and any other instruments required under the Plan (which need not be uniform)
and to change such forms from time to time; and to make all other determinations
and to take all such steps in connection with the Plan and the Options as the
Committee, in its sole discretion, deems necessary or desirable. The Committee
shall not be bound to any standards of uniformity or similarity of action,
interpretation or conduct in the discharge of its duties hereunder, regardless
of the apparent similarity of the matters coming before it. Any determination,
interpretation or other action made or taken by the Company, the Board or the
Committee arising out of or in connection with the Plan shall be final,
conclusive and binding on all parties.

                     (b) Advisors. The Committee may designate the Secretary of
The Company, other employees of the Company or competent professional advisors
to assist the Committee in the administration of the Plan, and may grant
authority to such persons to execute Option Agreements (as defined herein) or
other documents on behalf of the Committee. The Committee may employ such legal
counsel, consultants and agents as it may deem desirable for the administration
of the Plan, and may rely upon any advice received from any such counsel or
consultant and any computation received from any such consultant or agent, and
the Committee shall not be liable with respect to any action taken or omitted by
it in good faith pursuant to the advice or counsel. Expenses incurred by the
Committee in the engagement of such counsel, consultant or agent shall be paid
by the Company.

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                     (c) Indemnification. No officer or former officer of the
Company, member or former member of the Board or the Committee, or person
designated pursuant to paragraph (b) shall be liable for any action or
determination made in good faith with respect to the Plan or any Option granted
under it. To the maximum extent permitted by applicable law or the Certificate
of Incorporation or By-Laws of the Company and to the extent not covered by the
Company's insurance, each officer or former office and member or former member
of the Committee or of the Board shall be indemnified and held harmless by the
Company against any cost or expense (including reasonable fees of counsel
reasonably acceptable to the Company) or liability (including any sum paid in
settlement of a claim with the approval of the Company), and advanced amounts
necessary to pay the foregoing at the earliest time and to the fullest extent
permitted, arising out of any act or omission to act in connection with the
Plan, except to the extent arising out of such officer's former officer's ,
member's or former member's own fraud or bad faith. Such indemnification shall
be in addition to any rights of indemnification the officers, former officers,
members or former members may have as directors under applicable law or under
the Certificate of Incorporation or By-Laws of the Company or any Subsidiary of
the Company.

                     (d) Meetings of the Committee. The Committee shall select
one of its members as a Chairman and shall adopt such rules and regulations,
subject to the By-Laws of the Company, as it shall deem appropriate concerning
the holding of its meetings and the transaction of its business. Any member of
the Committee may be removed at any time either with or without cause by
resolution adopted by the Board, and any vacancy on the Committee may at any
time be filled by resolution adopted by the Board. A majority of the Committee
members shall constitute a quorum. All determinations by the Committee shall be
made by the affirmative vote of a majority of its members. Any such
determination may be made at a meeting duly called and held at which a majority
of the members of the Committee are in attendance in person or through telephone
communication. Any determination set forth in writing and signed by all the
members of the Committee shall be as fully effective as if it had been made by a
majority vote of the members at a meeting duly called and held.

                  5. Shares: Adjustment Upon Certain Events

                     (a) Shares to be Delivered: Fractional Shares. Shares to be
issued under the Plan shall be made available, at the discretion of the Board,
either from authorized but unissued Shares or from issued Shares reacquired by
the Company and held in treasury. No fractional shares will be issued or
transferred upon the exercise of any Option. In lieu thereof, the Company shall
pay a cash adjustment equal to the same fraction of the Fair Market Value of one
Share on the date of exercise.

                     (b) Number of Shares. Subject to adjustment as provided in
this Section 5, the maximum aggregate number of Shares that may be issued under
the Plan shall be 500,000. If Options are for any reason canceled, or expire or
terminate unexercised, the Shares covered by such Options shall again be
available for the grant of Options, subject to the foregoing limit.

                     (c) Adjustments: Recapitalization, etc. The existence of
the Plan and the Options granted hereunder shall not affect in any way the right

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or power of the Board or the stockholders of the Company to make or authorize
any adjustment, recapitalization, reorganization or other change in the
Company's capital structure or its business, any merger or consolidation of the
Company, any issue of bonds, debentures, preferred or prior preference stocks
ahead of or affecting Common Stock, the dissolution or liquidation of the
Company or any of its Subsidiaries, any sale or transfer of all or part of its
assets or business or any other corporate act or proceeding. If and whenever the
Company takes any such action, however, the following provisions, to the extent
applicable, shall govern:

                               (i) If and whenever the Company shall effect a
stock split, stock dividend, subdivision, recapitalization or combination of
Shares or other changes in the Company's capital stock, (x) the Purchase Price
(as defined herein) per Share and the number and class of Shares and/or other
securities with respect to which outstanding Options thereafter may be
exercised, and (y) the total number and class of Shares and/or other securities
that may be issued under this Plan shall be proportionately adjusted by the
Committee. The Committee may also make such other adjustments as it deems
necessary to take into consideration any other event (including, without
limitation, accounting changes), if the Committee determines that such
adjustment is appropriate to avoid distortion in the operation of the Plan.

                               (ii) Subject to Section 5(c)(iii) if the Company
merges or consolidates with one or more corporations, then from and after the
effective date of such merger or consolidation, upon exercise of Options
theretofore granted, the Participant shall be entitled to purchase under such
Options, in lieu of the number of Shares as to which such Options shall then be
exercisable but on the same terms and conditions of exercise set forth in such
Options, the number and class of Shares and/or other securities or property
(including) cash) to which the Participant would have been entitled pursuant to
the terms of the agreement of merger or consolidation, if, immediately prior to
such merger or consolidation, the Participant had been the holder of record of
the total number of Shares receivable upon exercise of such Options (whether or
not then exercisable).

                               (iii) In the event of a merger or consolidation
in which the Company is not the surviving entity or in the event of any
transaction that results in the acquisition of all or substantially all of the
Company's outstanding Common Stock by a single person or entity or by a group of
persons and/or entities acting in concert, or in the event of the sale or
transfer of all or substantially all of the Company's assets (the foregoing
being referred to as "Acquisition Events"), then the Committee may in its sole
discretion terminate all outstanding Options effective as of the consummation of
the Acquisition Event by delivering notice of termination to each Participant at
least 20 days prior to the date of consummation of the Acquisition Event;
provided that, during the period from the date on which such notice of
termination is delivered to the consummation of the Acquisition Event, each
Participant shall have the right to exercise in full all the Options that are
then outstanding (without regard to limitations on exercise otherwise contained
in the Option Agreement), but contingent on occurrence of the Acquisition Event,
and provided that, if the Acquisition Event does not take place within a
specified period after giving such notice for any reason whatsoever, the notice
and exercise of such options shall be null and void, and further provided that
each Participant may elect to exercise his or her option in part rather than in
full, in which case the unexercised balance of such option shall immediately
terminate and be deemed cancelled upon such partial exercise. If an Acquisition

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Event occurs and the Committee does not terminate the outstanding Options
pursuant to the preceding sentence, then the provisions of Section 5(c)(ii)
shall apply.

                               (iv) Subject to Section 5(b), the Committee may
grant Options under the Plan in substitution for options held by employees of
another corporation who concurrently become employees of the Company as a the
result of a merger or consolidation of the employing corporation with the
Company, or as the result of the acquisition by the Company of property or stock
of the employing corporation. The Company may direct that substitute awards be
granted on such terms and conditions as the Committee considers appropriate
under the circumstances.

                               (v) If, as a result of any adjustment made
pursuant to the preceding paragraphs of this Section 5, any Participant shall
become entitled upon exercise of an Option to receive any securities other than
Common Stock, then the number and class of securities so receivable thereafter
shall be subject to adjustment from time to time in a manner and on terms as
nearly equivalent as practicable to the provisions with respect to the Common
Stock set forth in this Section 5, as determined by the Committee in its
discretion.

                               (vi) Except as hereinbefore expressly provided,
the issuance by the Company of shares of stock of any class, or securities
convertible into shares of stock of any class, for cash, property, labor or
services, upon direct sale, upon the exercise of rights or warrants to subscribe
therefor or upon conversion of shares or other securities, and in any case
whether or not for fair value, shall not affect, and no adjustment by reason
thereof shall be made with respect to, the number and class of shares and/or
other securities or property subject to Options theretofore granted or the
Purchase Price.

                  6. Awards and Terms of Options

                     (a) Grant. The Committee may grant Options, including
Options intended to be Incentive Stock Options, to employees of the Company.
Each Option shall be evidenced by an Option agreement (the "Option Agreement")
in such form as the Committee shall approve from time to time. To the extent
that any Option does not qualify as an Incentive Stock Option (whether because
of its provisions or the time or manner of its exercise or otherwise), such
Option or the portion thereof which does not qualify shall constitute a separate
Non-Qualified Stock Option.

                     (b) Exercise Price. The purchase price per Share (the
"Purchase Price") deliverable upon the exercise of an Option shall be determined
by the Committee, subject to the following: (i) the Purchase Price shall not be
less than the par value of a Share and (ii) in the case of Incentive Stock
Options, the Purchase Price shall not be less than 100% (110% for an Incentive
Stock Option granted to a Substantial Stockholder) of the Fair Market Value per
share on the date the Incentive Stock Option is granted.

                     (c) Number of Shares. The Option Agreement shall specify
the number of Options granted to the Participant, as determined by the Committee
in its sole discretion.

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                     (d) Exercisability. At the time of grant, the Committee
shall specify when and on what terms the Options granted shall be exercisable.
In the case of Options not immediately exercisable in full, the Committee may at
any time accelerate the time as to which all or any part of the Options may be
exercised and may waive any other conditions to exercise, subject to terms of
the Option Agreement and the Plan. No option shall be exercisable after the
expiration of ten years from the date of grant (five years, in the case of
Incentive Stock Option granted to a Substantial Stockholder). Each Option shall
be subject to earlier termination as provided in Section 7 below.

                     (e) Special Rule for Incentive Options. If required by
Section 422 of the Code, to the extent the aggregate Fair Market Value of the
Shares with respect to which Incentive Stock Options are exercisable for the
first time by the Participant during any calendar year (under all plans of his
or her employer corporation and its parent and subsidiary corporations) exceeds
$100,000, such Options shall not be treated as Incentive Stock Options. Nothing
in this special rule shall be construed as limiting the exercisability of any
Option, unless the Committee expressly provides for such a limitation at time of
grant. Should the foregoing provision not be necessary in order for the Options
to qualify as Incentive Stock Options, or should any additional provisions be
required, the Committee may amend the Plan accordingly, without the necessity of
obtaining the approval of the stockholders of the Company.

                     (f) Exercise of Options.

                               (i) A participant may elect to exercise one or
more Options by giving written notice to the Committee of such election and of
the number of Shares with respect to which the Options are being exercised,
accompanied by payment in full of the aggregate Purchase Price for such Shares.

                               (ii) Shares purchased pursuant to the exercise of
Options shall be paid for at the time of exercise as follows:

                                    (1) in cash or by check, bank draft or money
order payable to the order of the Company;

                                    (2) if so permitted by the Committee: (1)
through the delivery of unencumbered Shares (including Shares being acquired
pursuant to the Options then being exercised), provided such Shares (or such
Options) have been owned by the Participant for such period as may be required
by applicable accounting standards to avoid a charge to earnings, (II) through a
combination of Shares and cash as provided above, (III) by delivery of a
promissory note of the Participant to the Company, such promissory note to be
payable, in the case of an Incentive Stock Option, on such terms as are
specified in the Option Agreement (except that, in lieu of a stated rate of
interest, the Option Agreement may provide that the rate of interest on the
promissory note will be such rate as is sufficient, at the time the note is
given, to avoid the imputation of interest under the applicable provisions of
the Code), or (IV) by a combination of cash (or cash and Shares) and the
Participant's promissory note; provided, that, if the Shares delivered upon
exercise of the Option is an original issue of authorized Shares, at least so
much of the exercise price as represents the par value of such Shares shall be
paid in cash or by a combination of cash and Shares;

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                                    (3) through the delivery of irrevocable
instructions to a broker to deliver promptly to the Company an amount equal to
the aggregate Purchase Price; or

                                    (4) On such other terms and conditions as
may be acceptable to the Committee and in accordance with applicable law.

                               (iii) Upon receipt of payment and satisfaction of
the requirements, if any, as to withholding of taxes as set forth herein, the
Company shall deliver to the Participant as soon as practicable a certificate or
certificates for the Shares then purchased. No Shares shall be issued until
payment therefor, as provided herein, has been made or provided for.

                     (g) Buy Out and Settlement Provisions. The Committee may at
any time on behalf of the Company offer to buy out an Option previously granted,
based on such terms and conditions as the Committee shall establish and
communicate to the Participant at the time that such offer is made, and the
Participant shall be entitled to accept or reject such offer in his or her sole
discretion.

                     (h) Modification, Extension and Renewal of Options. Subject
to the terms and conditions and within the limitations of the Plan, the
Committee may modify, extend or renew outstanding Options granted under the Plan
(provided that the rights of a Participant are not reduced without his or her
consent, or accept the surrender of outstanding Options (up to the extent not
theretofore exercised) and authorize the granting of new Options in substitution
therefor (to the extent not theretofore exercised).

                     (i) Other Terms and Conditions. Options may contain such
other provisions, which shall not be inconsistent with any of the foregoing
terms of the Plan, as the Committee shall deem appropriate including, without
limitation, permitting "reloads" such that the same number of Options are
granted as the number of (i) Options exercised, (ii) shares used to pay for the
exercise price of Options or (iii) shares used to pay withholding taxes
("Reloads"). With respect to Reloads, the exercise price of the new Option shall
be the Fair Market Value on the date of the Reload and the term of the Option
shall be the same as the remaining term of the Options that are exercised, if
applicable, or such other exercise price and term as determined by the
Committee.

                  7. Effect of Termination of Employment

                     (a) Death, Disability, Retirement, etc. Except as otherwise
provided in the Participant's Option Agreement, upon Termination of Employment,
all outstanding Options then exercisable and not exercised by the Participant
prior to such Termination of Employment (and any Options not previously
exercisable but made exercisable by the Committee at or after the Termination of
Employment) shall remain exercisable by the Participant to the extent not
exercised for the following time periods (subject to Section 6(d)):

                     (i) In the event of the Participant's death, such Options
shall remain exercisable (by the legal representative of the Participant's
estate or by the person given authority to exercise such Options by the

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Participant's will or by operation of law) for a period of one year from the
date of the Participant's death, provided that the Committee, in its discretion,
may at any time extend such time period to up to three years from the date of
the Participant's death.

                               (ii) In the event of the Participant's
Disability, or if the Participant retires at or after age 65 (or, with the
consent of the Committee or under and early retirement policy of the Company,
before age 65) or, if the Participant's employment is terminated by the Company
without Cause, such Options shall remain exercisable for one year from the date
of the Participant's Termination of Employment, provided that the Committee, in
its discretion, may at any time extend such time period to up to three years
from the date of the Participant's Termination of Employment.

                     (b) Cause. Upon the Termination of Employment of a
Participant for Cause or by the Participant in violation of an agreement between
the Participant and the Company or any of its Subsidiaries, or if it is
discovered after such Termination of Employment that such Participant had
engaged in conduct that would have justified a Termination of Employment for
Cause, all outstanding Options shall immediately be canceled. Termination of
Employment for "Cause" means (i) the Participant's willful and continued failure
substantially to perform his or her duties with the Company, (ii) fraud,
misappropriation or intentional material damage to the property or business of
the Company or (iii) commission of a felony.

                     (c) Other Termination. In the event of Termination of
Employment for any reason other than as provided in Section 7(a) or 7(b), all
outstanding Options not excised by the Participant prior to such Termination of
Employment shall remain exercisable (to the extent exercisable by such
Participant immediately before such termination) for a period of three months
after such termination, provided that the Committee in its discretion may extend
such time period to up to one year from the date of the Participant's
Termination of Employment, and provided further that no Options that were not
exercisable during the period of employment shall thereafter become exercisable,
unless the Committee determines that such Options shall be exercisable.

                  8. Nontransferability of Options

                  No Option shall be Transferable by the Participant otherwise
than by will or under applicable laws of descent and distribution, and during
the lifetime of the Participant may be exercised only by the Participant or his
or her guardian or legal representative. In addition, no Option shall, except as
otherwise provided herein, be Transferable in any way (whether by operation of
law or otherwise), and any attempt to Transfer shall be void, and no such Option
shall in any manner be subject to the debts, contracts, liabilities, engagements
or torts of any person who shall be entitled to such Option, nor shall it be
subject to attachment or legal process for or against such person.

                  9. Rights as a Stockholder

                  A Participant (or a permitted transferee of an Option) shall
have no rights as a stockholder with respect to any Shares covered by such
Participant's Option until such Participant (or permitted transferee) shall have
become the holder of record of such Shares, and no adjustments shall be made for

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dividends in cash or other property or distributions or other rights in respect
to any such Shares, except as otherwise specifically provided in this Plan.

                  10. Determinations

                  Each determination, interpretation or other action made or
taken pursuant to the provisions of this Plan by the Company, the Board or the
Committee shall be final, conclusive, and binding for all purposes and upon all
persons, including, without limitation, the Participants, the Company and its
Subsidiaries, directors, officers, and other employees of the Company and its
Subsidiaries, and the respective heirs, executors, administrators, personal
representatives and other successors in interest of each of the foregoing.

                  11. Termination, Amendment and Modification

                  The plan shall terminate at the close of business on the tenth
anniversary of the Effective Date, unless terminated sooner as hereinafter
provided, and no Option shall be granted under the Plan on or after that date.
The termination of the Plan shall not terminate any outstanding Options that by
their terms continue beyond the termination date of the Plan. At any time prior
to the tenth anniversary of the Effective Date, the Board or the Committee may
amend or terminate the Plan or suspend the Plan in whole or in part.
Notwithstanding the foregoing, however, no such amendment may, without the
approval of the stockholders of the Company, effect any change that would
require stockholder approval under applicable law.

                  Nothing contained in this Section 11 shall be deemed to
prevent the Board or the Committee from authorizing amendments of outstanding
Options of Participants, including, without limitations, the reduction of the
Purchase Price specified therein (or the granting or issuance of new Options at
a Lower Purchase Price upon cancellation of outstanding Options), as long as all
Options outstanding at any one time shall not call for issuance of more Shares
than the remaining number provided for under the Plan and as long as the
provisions of any amended Options would have been permissible under the Plan if
such Option had been originally granted or issued as of the date of such
amendment with such amended terms.

                  Notwithstanding anything to the contrary contained in this
Section 11, no termination, amendment or modification of the Plan may, without
the consent of the Participant or the permitted transferee of such Participant's
Option, alter or impair the rights and obligations arising under any then
outstanding Option.

                  12. Non-Exclusivity

                  Neither the adoption of the Plan by the Board nor the
submission of the Plan to the stockholders of the Company for approval shall be
construed as creating any limitations on the power of the Board to adopt such
other incentive arrangements as it may deem desirable, including, without
limitation, the granting or issuance of stock options, Shares and/or other
incentives otherwise than under the Plan, and such arrangements may be either
generally applicable or limited in application.

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                  13. Use of Proceeds

                  The proceeds of the sale of Shares subject to Options under
the Plan are to be added to the general funds of the Company and used for its
general corporate purposes as the Board shall determine.

                  14. General Provisions

                     (a) Right to Terminate Employment. Neither the adoption of
the Plan nor the grant of Options shall impose any obligation on the Company to
continue the employment of any participant, nor shall it impose any obligation
on the part of any Participant to remain in the employ of the Company, subject
however to the provisions of any agreement between the Company and the
Participant.

                     (b) Purchase for Investment. If the Board determines that
the law so requires, the holder of an option granted hereunder shall, upon any
exercise or conversion thereof, executive and deliver to the Company a written
statement, in form satisfactory to the Company, representing and warranting that
such Participant is purchasing or accepting the Shares then acquired for such
Participant's own account and not with a view to the resale or distribution
thereof, that any subsequent offer for sale or sale of any such Shares shall be
made either pursuant to (i) a Registration Statement on an appropriate form
under the Securities Act of 1933 (the "Securities Act"), which Registration
Statement shall have become effective and shall be current with respect to the
Shares being offered and sold, or (ii) a specific exemption from the
registration requirements of the Securities Act, and that in claiming such
exemption the holder will, prior to any offer for sale or sale of such Shares,
obtain a favorable written opinion, satisfactory in form and substance to the
Company, from counsel approved by the Company as to the availability of such
exception. In addition to any legend required by this Plan, the certificates for
such shares may include any legend with the Committee deems appropriate to
reflect any restriction on Transfer.

                     (c) Trusts, etc., This Plan is intended to be an "unfunded"
deferred compensation plan. Nothing contained in the Plan and no action taken
pursuant to the Plan (including, without limitation, the grant of any Option
thereunder) shall create or be construed to create a trust of any kind, or a
fiduciary relationship, between the Company and any Participant or the executor,
administrator or other personal representative or designated beneficiary of such
Participant, or any other persons.

                     (d) Notices. Each Participant shall be responsible for
furnishing the Committee with the current and proper address for the mailing to
such Participant of notices and the delivery to such Participant of agreements,
Shares and payments. Any notices required or permitted to be given shall be
deemed given if directed to the person to whom addressed at such address and
mailed by regular United States mail, first class and prepaid. If any item
mailed to such address is returned as undeliverable to the addressee, mailing
will be suspended until the Participant furnishes the proper address.

                     (e) Severability of Provisions. If any provisions of the
Plan shall be held invalid or unenforceable, such invalidity or unenforceability

                                      -12-
<PAGE>

shall not affect any other provisions of the Plan, and the Plan shall be
construed and enforced as if such provisions had not been included.

                     (f) Payment to Minors, etc. Any benefit payable to or for
the benefit of a minor, an incompetent person or other person incapable of
receipting therefor shall be deemed paid when paid to such person's guardian or
to the party providing or reasonably appearing to provide for the care of such
person, and such payment shall fully discharge the Committee, the Company and
their employees, agents and representatives with respect thereto.

                     (g) Headings and Captions. The headings and captions herein
are provided for reference and convenience only. They shall not be considered
part of the Plan and shall not be employed in the construction of the Plan.

                     (h) Controlling Law. The Plan shall be construed and
enforced according to the laws of the State of New York (regardless of the laws
that might otherwise govern under applicable principles of conflicts of laws).

                  15. Issuance of Stock Certificates; Legends; Payment of
Expenses

                     (a) Stock Certificates. Upon any exercise of an Option and
payment of the exercise price as provided in such Option, a certificate or
certificates for the Shares as to which such Option has been exercised shall be
issued by the Company in the name of the person or persons exercising such
Option and shall be delivered to or upon the order of such person or persons.

                     (b) Legends. Certificates for Shares issued upon exercise
of an Option shall bear such legend or legends as the Committee, in its
discretion, determines to be necessary or appropriate to prevent a violation of,
or to perfect an exemption from, the registration requirements of the Securities
Act or to implement the provisions of any documents between the Company and the
Participant with respect to such Shares, including, without limitation, any
right of the Company to purchase Shares issued to the participant upon the
exercise of Options as contained in the Option Agreement.

                     (c) Payment of Expenses. The Company shall pay all issue or
transfer taxes with respect to the issuance or transfer of Shares, as well as
all fees and expenses necessarily incurred by the Company in connection with
such issuance or transfer and with the administration of the Plan.

                     (d) Other Benefits. No Option granted under this Plan shall
be deemed compensation for purposes of computing benefits under any retirement
plan of the Company nor affect any benefits under any other benefit plan now or
subsequently in effect under which the availability or amount of benefits is
related to the level of compensation.

                     (e) No Right to Same Benefits. The provisions of Options
need not be the same with respect to each Participant, and such Options to
individual Participants need not be the same under subsequent grants.

                                      -13-
<PAGE>

                     (f) Death/Disability. The Committee may in its discretion
require the transferee of a Participant to supply it with written notice of the
Participant's death or Disability and to supply it with a copy of the will (in
the case of the Participant's death) or such other evidence as the Committee
deems necessary to establish the validity of the transfer of an Option. The
Committee may also require the agreement of the transferee to be bound by all of
the terms and conditions of the Plan.

                     (g) Section 16(b) of the Act. In the event that the Company
becomes publicly held, all elections and transactions under the Plan by persons
subject to Section 16 of the Act involving shares of Common Stock are intended
to comply with any applicable exemptive condition under Rule 16b-3 under Section
16(b) of the Act. To the extent applicable, the Committee may establish and
adopt written administrative guidelines, designed to facilitate compliance with
Section 16(b) of the Act, as it may deem necessary or proper for the
administration and operation of the Plan and the transaction of business
thereunder. For purposes of this paragraph, the Company shall be deemed publicly
held when and if the Company has a class of common equity securities registered
under Section 12 of the Act.

                  16. Listing of Shares and Related Matters

                  If at any time the Board shall determine in its sole
discretion that the listing, registration or qualification of the Shares covered
by the Plan upon any national securities exchange or under any state or federal
law, or the consent or approval of any governmental regulatory body, is
necessary or desirable as a condition of, or in connection with, the award or
sale of Shares under the Plan, no Shares will be delivered unless and until such
listing, registration, qualification, consent or approval shall have been
effected or obtained, or otherwise provided for, free of any conditions not
acceptable to the Board.

                  17. Withholding Taxes

                  The Company shall be entitled to withhold (or secure payment
from the Participant in cash or other property, including Shares already owned
by the Participant for six months or more (valued at the Fair Market Value
thereof on the date of delivery) in lieu of withholding) the amount of any
Federal, state or local taxes required by law to be withheld by the Company for
any Shares or cash payments deliverable under this Plan, and the Company may
defer such delivery unless such withholding requirement is satisfied. The
Committee may permit any such withholding obligation with regard to any
Participant to be satisfied by reducing the number of Shares otherwise
deliverable or by delivering Shares already owned. Any fraction of a Share
required to satisfy such tax obligations shall be disregarded and the amount due
shall be paid instead in cash by the Participant.

<PAGE>

                  [1997 Stock Option Plan Agreement -- Vesting
                      in 4 equal installments over 4 years]

                               REGISTER.COM, INC.
                                 575 8TH AVENUE
                            NEW YORK, NEW YORK 10011
                                 (212) 594-9880

                                                                _______ __, 199_

Dear _______:

You are hereby granted the option to purchase ____ shares of the Common Stock of
Register.com, Inc., a Delaware corporation (the "Company"), at an exercise price
of $___ per share, pursuant to the Company's 1997 Stock Option Plan (the
"Plan"), a copy of which is attached to this letter.

These options may be exercised in whole or in part, from time to time, in
accordance with the vesting schedule below, and expire ten years from the date
hereof, except as otherwise provided in the Plan. These options may terminate,
accelerate, adjust or be substituted upon the occurrence of certain events
described in the Plan. The vesting schedule is as follows:

     o        ___ are exercisable ______
     o        ___ are exercisable ______
     o        ___ are exercisable ______
     o        ___ are exercisable ______

To buy shares of Common Stock pursuant to this agreement you must deliver to the
Company a completed exercise notice in the form attached and accompanied by
payment of the exercise price. No fractional shares will be issued or
transferred upon exercise of these options.

You may not sell, give or otherwise transfer, to any person or entity any of
your rights under this agreement, except that you may transfer them under a will
or otherwise under the laws of descent and distribution. During your lifetime,
only you or your legal representative may exercise these options.

Securities laws limit whether and how you may sell the Common Stock you acquire
upon exercise of your options. The Plan also contains certain other restrictions
on the transferability of the stock that you purchase upon exercise of your
options. The stock certificates issued to you may bear an appropriate legend
reflecting those restrictions and that the Common Stock represented by the
certificate is subject to the terms and conditions of this agreement and the
Plan. When any option is exercised, the Company may require you to confirm that
you are buying the Common Stock for investment purposes without the intent to
distribute or sell it, if the Company determines that such a representation is
advisable under applicable securities laws, and to obtain a favorable written
opinion satisfactory in form and substance to the Company

<PAGE>

from counsel approved by the Company as to the availability of a specific
exemption from the registration requirements of the Securities Act of 1933, as
amended.

These options are granted to you pursuant to the Plan and are intended to be
incentive stock options as described in the Internal Revenue Code of 1986, as
amended. You should consult your tax advisor now to determine factors that may
impact the tax consequence of this option, as well as prior to each exercise of
this option. This is not an employment agreement and does not increase or
decrease the Company's obligation, if any, to employ you as in effect prior
hereto. This agreement shall be governed by the internal laws of the State of
New York.

If any tax withholding required by law to be withheld by the Company is not
otherwise satisfied by the terms of the Plan, then the Company may permit any
such withholding obligation to be satisfied by reducing the number of shares of
common stock otherwise deliverable to you pursuant to an exercise of these
options or by acceptance of shares of common stock already owned by you.

Your signature in the space below will signify your acceptance of the terms of
this agreement.

                                             Sincerely,

                                             Richard D. Forman
                                             President and CEO

ACCEPTED, AGREED TO AND ACKNOWLEDGED,
THIS ____ DAY OF __________, 199_

                                       2

<PAGE>

                                 EXERCISE NOTICE

                                                                _______ __, 199_

To: REGISTER.COM, INC.
Attention: Chief Financial Officer

The undersigned hereby irrevocably elects to exercise _______________ options to
purchase ___________ shares of common stock of Register.com, Inc., a Delaware
Corporation, under a Stock Option Agreement dated ______________, 199_, and to
purchase the common stock issuable upon exercise thereof for a total of
$_____________ ($____ share). Stock certificates should be issued in the name of
the undersigned and delivered to the address set forth below.

--------------------------------        ---------------------------------------
[Please Sign Name]                      [Please provide Social Security Number]

--------------------------------
[Please Sign Name]

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

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

--------------------------------
[Please Print Address]

<PAGE>
[1997 Stock Option Plan Agreement - Vesting in 42 equal installments over 42
months]

                               REGISTER.COM, INC.
                           575 8TH AVENUE, 11TH FLOOR
                            NEW YORK, NEW YORK 10018

                                                                _______ __, 2000

Dear ____________:

You are hereby granted the option to purchase ___ shares of the Common Stock of
register.com, Inc., a Delaware corporation (the "Company"), at an exercise price
of $____ per share, pursuant to the Company's 1997 Stock Option Plan (the
"Plan") which has been assumed by the Company, as it is currently exists or may
be adjusted.

These options may be exercised in whole or in part, and form time to time, in
accordance with the vesting schedule below, and expire ten years from the date
hereof, except as otherwise provided in the Plan. These options may terminate,
accelerate, adjust or be substituted upon the occurrence of certain events
described in the Plan. These options will vest in 42 equal installments over a
forty-two month period commencing on _______.

By way of example, if the grant date is January 1, 2010, and the grant
amount is 84 shares, then these shares shall vest as follows:

-------------------------------------- ------------------------------
Date                                   Total Amount Vested
----                                   -------------------
January 1, 2010                        0
July 1, 2010                           2
August 1, 2010                         4
September 1, 2010                      6
o                                      o
o                                      o
o                                      o
November 1, 2013                       82
December 1, 2013                       84
-------------------------------------- ------------------------------

To buy shares of Common Stock pursuant to this agreement you must
deliver to the Company a completed exercise notice in the form attached
and accompanied by payment of the exercise price. No fractional shares
will be issued or transferred upon exercise of these options.

You may not sell, give or otherwise transfer, to any person or entity
any of your rights under this agreement, except that you may transfer
them under a will or otherwise under the laws of descent and
distribution. During your lifetime, only you or your legal
representative may exercise these options.

<PAGE>

Securities laws limit whether and how you may sell the Common Stock you
acquire upon exercise of your options. The Plan also contains certain
other restrictions on the transferability of the stock that you
purchase upon exercise of your options. The stock certificates issued
to you may bear an appropriate legend reflecting those restrictions and
that the Common Stock represented by the certificate is subject to the
terms and conditions of this agreement and the Plan. When any option is
exercised, the Company may require you to confirm that you are buying
the Common Stock for investment purposes without the intent to
distribute or sell it, if the Company determines that such a
representation is advisable under applicable securities laws, and to
obtain a favorable written opinion satisfactory in form and substance
to the Company from counsel approved by the Company as to the
availability of a specific exemption from the registration requirements
of the Securities Act of 1933, as amended.

These options are granted to you pursuant to the Plan and are intended
to be incentive stock options as described in the Internal Revenue Code
of 1986, as amended (the "Code"). Nonetheless, there is no guarantee
that these options will receive ISO treatment under the code. These
options will not receive ISO treatment to the extent they do not comply
or cease to comply with the ISO qualifications set forth in Section 422
of the Code. You should consult your tax advisor now to determine
factors that may impact the tax consequences of this option, as well as
prior to each exercise of this option. This is not an employment
agreement and does not increase or decrease the Company's obligation,
if any, to employ you as in effect prior hereto. This agreement shall
be governed by the internal laws of the State of New York.

If any tax withholding required by law to be withheld by the Company is
not otherwise satisfied by the terms of the Plan, then the Company may
permit any such withholding obligation to be satisfied by reducing the
number of shares of common stock otherwise deliverable to you pursuant
to an exercise of these options or by acceptance of shares of common
stock already owned by you.

Your signature in the space below will signify your receipt of a copy
of the plan and acceptance of the terms of this agreement.

                                           Sincerely,

                                               -----------------
                                               Richard D. Forman
                                               President and CEO

ACCEPTED, AGREED TO AND ACKNOWLEDGED,
THIS __TH DAY OF _________, ____.

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

                                       2
<PAGE>

                                 EXERCISE NOTICE

To: Register.com, Inc.
Attention: Chief Financial Officer

The undersigned hereby irrevocably elects to exercise _______________ options to
purchase ___________ shares of common stock of Register.com, Inc., a Delaware
Corporation, under a Stock Option Agreement dated ______________, 199_, and to
purchase the common stock issuable upon exercise thereof for a total fo
$_____________ ($____ share). Stock certificates should be issued in the name of
the undersigned and delivered to the address set forth below.

--------------------------------        ---------------------------------------
[Please Sign Name]                      [Please provide Social Security Number]

--------------------------------
[Please Sign Name]

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

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

--------------------------------
[Please Print Address]<PAGE>

                               REGISTER.COM, INC.
                             1999 STOCK OPTION PLAN

     1. Purpose. Register.com, Inc., a Delaware corporation ("Register"),
desires to attract and retain the best available talent and to encourage the
highest level of performance. The Register.com, Inc. 1999 Stock Option Plan (the
"Plan") is intended to contribute significantly to the attainment of these
objectives by affording eligible employees, directors, advisors and independent
contractors of Register and, if in the future it should have any subsidiaries or
other affiliates (whether or not incorporated) eligible employees directors,
advisors and independent contractors of such subsidiaries and affiliates
(collectively, with Register, the "Company") the opportunity to acquire a
proprietary interest in Register through the grant of stock options ("Options")
to purchase shares of Common Stock, $0.0001 par value per share, of Register
(the "Common Stock").

     2. Administration.

     (a) Committee. The Plan shall be administered by the Compensation Committee
(the "Committee") of the Board of Directors of Register (the "Board"), which
shall consist of not fewer than three members of the Board. The Board may from
time to time appoint members of the Committee in substitution for members
previously appointed and may fill vacancies, however caused, in the Committee.
Notwithstanding the foregoing, if and when the Common Stock is registered under
Section 12 of the Securities Exchange Act of 1934 as amended from time to time
(the "Act"), each member of the Committee shall be a "non-employee director"
within the meaning of Rule 16b-3 under the Act and, to the extent necessary to
exclude Options granted under the Plan from calculation of the income tax
deduction limit under Section 162(m) of the Internal Revenue Code, as amended
from time to time (the "Code"), each member of the Committee shall be an
"outside director" within the meaning of Code Section 162(m).

     (b) Authority of the Committee. Subject to paragraph (c) hereof, the
Committee shall have plenary authority in its discretion, to the maximum extent
permissible by law, subject to and not inconsistent with the express provisions
of the Plan, to make all awards of Options under the Plan, to select from among
the persons eligible for grants under the Plan those individuals who will be
awarded Options, to determine the number of shares of Common Stock covered by
each Option, the Option exercise price per share of Common Stock covered by each
Option (and, in connection therewith, determine the fair market value of the
Common Stock for purposes of the Plan), and the restrictions, if any, which
shall apply to the Common Stock subject to an Option, to determine the terms and
conditions of each Option, to approve the form of each Option Agreement (an
"Option Agreement"), to amend any such Option Agreement from time to time, to
construe and interpret the Plan and all Option Agreements executed thereunder
and to make all other determinations necessary or advisable for the
administration of the Plan. In exercising its authority to set the terms and
conditions of Options, and subject only to the limits of applicable law, the
Committee shall be under no obligation or duty to treat similarly situated
grantees of an Option Agreement ("Optionees") in the same manner, and any action
taken by the Committee with respect to the grant of an Option to one Optionee
shall in no way obligate the Committee to take the same or similar action with
respect to any other Optionee. The Committee may exercise its discretion in a
manner such that Options which are granted to individuals who are foreign
nationals or are employed outside the United States contain terms and conditions
which are different from the provisions otherwise specified in the Plan but
which are consistent with the tax and other laws of foreign jurisdictions
applicable to the Optionee and which are designed to provide the Optionee with
benefits which are consistent with the Company's objectives in establishing the
Plan. The Committee may adopt such rules as it deems necessary or advisable in
order to carry out the purpose of the Plan. All questions of interpretation,
administration and application of the Plan shall be determined by a majority of
the members of the Committee then in office, except that the Committee may
authorize any one or more of its members, or any officer of the Company, to
execute and deliver documents (including any applicable Option Agreement) on
behalf of the Committee or Register. Any interpretation or determination made by
the Committee pursuant to the foregoing shall be conclusive and binding upon any
person having or claiming any interest under the Plan.
<PAGE>

     (c) Authority of Board. Notwithstanding the foregoing, (i) if the Board
does not appoint a Committee, the Board shall have all of the authority of and
fulfill all of the functions of the Committee hereunder; and (ii) if the Board
does appoint a Committee, the Board (and not the Committee unless the Board
specifically resolves to the contrary) shall have plenary authority in its
discretion, to the maximum extent permissible by law, subject to and not
inconsistent with the express provisions of the Plan, (1) to make all awards of
Options under the Plan, to select from among the persons eligible for grants
under the Plan those individuals who will be awarded Options, to determine the
number of shares of Common Stock covered by each Option, the Option exercise
price per share of Common Stock covered by each Option (and, in connection
therewith, determine the fair market value of the Common Stock for purposes of
the Plan) and the restrictions, if any, which shall apply to the Common Stock
subject to an Option, and (2) to the extent it so elects, to determine other
principal terms and conditions of each Option granted. If the Board appoints a
Committee, to the extent that the Board does not elect to determine a principal
term and condition of an Option granted, such determination shall be made by the
Committee in accordance with paragraph (b). To the extent necessary to be
consistent with the provisions of this paragraph (c), any reference in the Plan
and/or an Option Agreement to a decision, determination or action of the
Committee shall be read and understood as referring to a decision, determination
or action of the Board.

     (d) Liability of Board and Committee Members. No member of the Board or
Committee shall be liable for anything whatsoever in connection with the
administration of the Plan except such member's own willful misconduct. Under no
circumstances shall any member of the Board or Committee be liable for any act
or omission of any other member of the Board or Committee. In the performance of
its functions with respect to the Plan, the Board and Committee shall be
entitled to rely upon information and advice furnished by Register's officers,
Register's accountants, Register's legal counsel and any other party the Board
and Committee deems necessary, and no member of the Board or Committee shall be
liable for any action taken or not taken in reliance upon any such advice.

     3. Type of Options. Options granted under the Plan may be either incentive
stock options ("ISOs") intended to meet the requirements of Code Section 422 or
nonqualified stock options ("NSOs") which are not intended to meet such Code
requirements.

     4. Eligible Persons. Subject in the case of ISOs to Section 18(a), Options
may be awarded only to employees and independent contractors of the Company. For
purposes hereof, independent contractors shall include consultants, advisors and
directors of the Company. In determining the persons to whom awards shall be
made and the number of shares to be covered by each Option, the Committee shall
take into account the duties of the respective persons, their present and
potential contributions to the success of the Company and such other factors as
the Committee, in its discretion, shall deem relevant in connection with
accomplishing the purposes of the Plan.

                                        2
<PAGE>

     5. Shares Subject to the Plan. No more than [Six Hundred Fifty Thousand
(650,000)] shares of Common Stock shall be issued pursuant to the exercise of
Options granted under the Plan. The maximum aggregate number of shares of Common
Stock for which Options may be granted to any one individual within one fiscal
year shall be Five Hundred Thousand (500,000) shares. Such aggregate numbers
shall be subject to adjustment as provided in Section 16. If an Option is
forfeited or expires without being exercised, the shares of Common Stock subject
to the Option shall be available for additional Option grants under the Plan. If
an Option is exercised in whole or in part by an Optionee by tendering
previously owned shares of Common Stock, or if any shares are withheld in
connection with the exercise of its Option to satisfy the Optionee's tax
liability, the full number of shares in respect of which the Option has been
exercised shall be applied against the limit set forth in this Section 5.

     6. Term of Options. Unless otherwise fixed by the Committee and specified
in the applicable Option Agreement, the term of each Option shall be ten years
from the date of grant, subject to earlier termination as provided in Section 8;
provided, that in no event shall it be more than ten years from the date of
grant. Subject in the case of ISOs to Section 18, the term of an Option may be
extended from time to time by the Committee, provided that no such extension
shall extend the term beyond ten years from the date of grant.

     7. Vesting. Options shall first become exercisable, i.e., shall vest, in
accordance with a vesting schedule determined by the Committee and specified in
the applicable Option Agreement.

     8. Termination of Relationship to the Company.

     (a) Options Granted To Employees. With respect to an Option granted to an
individual who is an employee of the Company at the time of Option grant, unless
the Option Agreement expressly provides to the contrary, (i) the Option shall
terminate immediately upon the Optionee's termination of employment for "Cause"
(as defined in Section 24(b)), and (ii) the Option shall terminate three months
(but shall not continue to vest during such three month period) after the
Optionee's termination of employment for any other reason; provided, however,
that if an Optionee who terminates his employment with the Company immediately
thereafter becomes a consultant to the Company pursuant to a written agreement
which so specifies, the Optionee will be deemed to satisfy the requirements of
this Section 8(a) during the period of the Optionee's consultancy; provided,
further, that the Committee may (and shall not be required) to further extend
the three month period referred to in clause (ii) hereof. Any Option Agreement
may contain such provisions as the Committee shall approve with reference to the
determination of the date employment terminates for purposes of the Plan and the
effect of leaves of absence, which provisions may vary from one another.
Notwithstanding the foregoing, in the event that an individual's employment with
the Company terminates by reason of death or "disability" (as hereinafter
defined), the Option shall remain exercisable for a period of one year following
such termination but only to the extent such Option is vested at the time of
such death or "disability" (but in no event shall the Option remain exercisable
beyond the date of expiration specified in the applicable Option Agreement). For
purposes hereof, the Optionee shall be deemed to have a "disability" if the
Optionee is unable to engage in the activities required by the job by reason of
any medically determined physical or mental impairment which can be expected to
result in death or which has lasted or can be expected to last for a continuous
period of not less than twelve (12) months, as reasonably determined by the
Board of Directors of the Company in good faith and in its discretion.

                                        3
<PAGE>

     (b) Options Granted to Consultants. With respect to an Option granted to an
individual who is not an employee of the Company at the time of Option grant,
the applicable Option Agreement shall specify the consequences, if any, of the
termination of the Optionee's relationship with the Company.

     9. Option Exercise Price. Subject in the case of ISOs to Section 18, the
Option exercise price per share of Common Stock covered by an Option shall be
established by the Committee.

     10. Exercise of Options; Withholding.

     (a) An Option may be exercised at any time and from time to time, in whole
or in part, as to any or all full shares as to which the Option is then
exercisable; provided, however, that if so specified in the Option Agreement,
the Option may not, in a single exercise, be exercised for fewer than the
minimum number of shares specified in the Option Agreement, unless the exercise
is for all of the shares as to which the Option is then exercisable. An Option
may not be exercised with respect to a fractional share. If an Option is
exercised with respect to all of the whole shares as to which the Option is then
exercisable, and the Option remains exercisable with respect to less than one
share of Common Stock, the Company shall pay the Optionee the excess of (i) the
fair market value of such remaining fractional share, over (ii) the Option
exercise price for such remaining fractional share, and the Option shall
terminate with respect to such fractional share. An Optionee (or other person
who, pursuant to Section 13, may exercise the Option) shall exercise the Option
by delivering to Register at the address provided in the Option Agreement a
written, signed notice of exercise, stating the number of shares of Common Stock
with respect to which the option exercise is being made, and satisfy the
requirements of paragraphs (b) and (c) of this Section 10. Upon receipt by
Register of any notice of exercise, the exercise of the Option as set forth in
that notice shall be irrevocable.

     (b) Upon exercise of an Option the Optionee shall pay to Register the
Option exercise price per share of Common Stock multiplied by the number of full
shares as to which the Option is then exercised. An Optionee may pay the Option
exercise price by tendering or causing to be tendered to Register cash, shares
of Common Stock owned by the Optionee for at least 6 months (or such shorter
period as is approved by the Committee) or other property permitted by law and
acceptable to the Committee, or any combination thereof. If so specified in the
applicable Option Agreement, an Option may be exercised on a cashless basis,
whereby the number of shares of Common Stock to be delivered upon Option
exercise shall equal (x) the number of shares of Common Stock with respect to
which the Option is then being exercised, less (y) the number of shares of
Common Stock having a cumulative fair market value equal to the total exercise
price for the number of shares of Common Stock described in clause (x).

                                        4
<PAGE>

     (c) An Optionee shall, upon notification of the amount due and prior to or
concurrently with delivery of the certificate representing the shares as to
which the Option has been exercised, promptly pay or cause to be paid the amount
determined by the Committee as necessary to satisfy all applicable tax
withholding requirements. An Optionee may satisfy his or her tax withholding
requirement in any manner satisfactory to the Committee.

     (d) The certificate representing the shares as to which an Option has been
exercised shall bear an appropriate legend setting forth the restrictions
applicable to such shares.

     (e) Each Optionee shall pay to the Company, or make provision satisfactory
to the Board for payment of, any taxes required by law to be withheld in respect
of Options granted under the Plan no later than the date of the event creating
the tax liability. In the Board's discretion, and subject to such conditions as
the Committee may establish, such tax obligations may be paid in whole or in
part in shares of Common Stock, including shares retained from the Option grant
creating the tax obligation, valued at their Fair Market Value. The Company may,
to the extent permitted by law, deduct any such tax obligations from any payment
of any kind otherwise due to Optionee.

     11. Option Agreement. The terms and conditions of each Option shall be set
forth in an Option Agreement in the form approved by the Committee. Each Option
Agreement shall be executed by Register and the Optionee. Each Option Agreement
shall, at a minimum, specify (i) the number of shares of Common Stock subject to
the Option, (ii) in case of the grants to employees, whether the Option is
intended to be an ISO or NSO, and (iii) the provisions related to vesting and
exercisability of the Option, including the Option exercise price. The Option
Agreement may also contain such other terms and conditions as the Committee
determines to be necessary or advisable. Option Agreements may vary from one
another.

     12. No Stockholder Rights. No Optionee shall have the rights of a
stockholder with respect to shares covered by an Option until such person
becomes the holder of record of such shares.

     13. Nontransferability.

     (a) Except as provided in paragraph (b) below, Options granted under the
Plan shall not be assignable or transferable other than by will or the laws of
descent and distribution and Options may be exercised during the lifetime of the
Optionee only by the Optionee or by the Optionee's guardian or legal
representative.

     (b) Notwithstanding paragraph (a), if (and on the terms) so provided in the
applicable Option Agreement, an Optionee shall be permitted to transfer a NSO to
a member of such Optionee's immediate family, to the spouse of any such family
member or to a trust, family limited partnership or similar estate planning
device for the benefit of one or more of such family members. If an NSO is
transferred in accordance with this paragraph, the Option shall be exercisable
solely by the transferee, but the determination of the exercisability of the
Option shall be based solely on the activities and state of affairs of the
Optionee. Thus, for example, if after a transfer the Optionee ceases to be an
employee of the Company, such termination shall trigger the provisions of
Section 8 hereof. Conversely, if after a transfer the transferee ceases to be an
employee of the Company, such termination shall not trigger the provisions of
Section 8 hereof.

                                        5
<PAGE>

14. Compliance with Law; Registration of Shares.

     (a) The Plan and any grant hereunder shall be subject to all applicable
laws, rules, and regulations of any applicable jurisdiction or authority or
agency thereof and to such approvals by any regulatory or governmental agency
which, in the opinion of Company's counsel, may be required or appropriate.

     (b) Notwithstanding any other provision of this Plan or Option Agreements
made pursuant hereto, the Company shall not be required to issue or deliver any
certificate or certificates for shares of Common Stock under this Plan prior to
fulfillment of all of the following conditions:

(i)      Effectiveness of any registration or other qualification of such shares
         of the Company under any law or regulation of any applicable
         jurisdiction or authority or agency thereof which the Committee shall,
         in its absolute discretion or upon the advice of counsel, deem
         necessary or advisable; and

(ii)     Grant of any other consent, approval or permit from any applicable
         jurisdiction or authority or agency thereof or securities exchange
         which the Committee shall, in its absolute discretion or upon the
         advice of counsel, deem necessary or advisable.

     The Company shall use all reasonable efforts to obtain any consent,
approval or permit described above; provided, however, that except to the extent
as may be specified in an Option Agreement with respect to any particular Option
grant, the Company shall be under no obligation to register or qualify any
shares subject to an Option under any federal or state securities law or on any
exchange.

     15. No Restriction on the Right of Register to Effect Corporate Changes.
The Plan and the Options granted hereunder shall not affect in any way the right
or power of Register or its shareholders to make or authorize any or all
adjustments, recapitalization, reorganizations or other changes in Register's or
the Company's capital structure or its business, or any merger or consolidation
of Register or the Company, or any issue of stock or of options, warrants or
rights to purchase stock or of bonds, debentures, preferred or prior preference
stocks whose rights are superior to or affect the Common Stock or the rights of
holders thereof or which are convertible into or exchangeable for Common Stock,
or the dissolution or liquidation of Register or the Company, or any sale or
transfer of all or any part of its assets or business, or any other corporate
act or proceeding, whether of a similar character or otherwise.

                                        6
<PAGE>

16. Certain Adjustments.

     (a) In the event that the Company or the division, subsidiary or other
affiliated entity for which an Optionee performs services is sold, merged,
consolidated, reorganized or liquidated, the Board shall make such equitable
adjustments, if any, as it deems appropriate. Without limiting the foregoing,
the Board may determine that (i) the Option shall be assumed, or a substantially
equivalent Option shall be substituted, by an acquiring or succeeding
corporation (or an affiliate thereof) on such terms as the Board determines to
be appropriate; or (ii) upon written notice to the Optionee, provide that the
Option shall terminate immediately prior to the consummation of the transaction
unless exercised by the Optionee within a specified period following the date of
the notice.

     (b) In the event of any stock dividend or split, recapitalization,
combination, exchange or similar change affecting the Common Stock, or any other
increase or decrease in the number of issued shares of Common Stock effected
without receipt of consideration by the Company, the Board shall make any or all
of the following adjustments as it deems appropriate to equitably reflect such
event: (i) adjust the aggregate number of shares (or such other security as is
designated by the Board) which may be acquired pursuant to the Plan, (ii) adjust
the option price to be paid for any or all such shares subject to the then
outstanding Options, (iii) adjust the number of shares of Common Stock (or such
other security as is designated by the Board) subject to any or all of the then
outstanding Options and (iv) make any other equitable adjustments or take such
other equitable action as the Board, in its discretion, shall deem appropriate.
For purposes hereof, the conversion of any convertible securities of the Company
shall not be deemed to have been "effected without receipt of consideration."

     (c) Any and all adjustments or actions taken by the Board pursuant to this
Section shall be conclusive and binding for all purposes.

     17. Lock-Up Restrictions. Unless stated otherwise in the Option Agreement,
in connection with an underwritten public offering of Common Stock, upon the
request of the Company or the principal underwriter managing such public
offering, each Option and the shares of Common Stock acquired upon exercise of
each Option may not be sold, offered for sale or otherwise disposed of without
the prior written consent of the Company or such underwriter, as the case may
be, for at least 180 days after the effectiveness of the registration statement
filed in connection with such offering, or such longer period of time as the
Board may determine if all of the Company's directors agree to be bound. The
lock-up agreement established by this Section 17 should have perpetual duration.

                                        7
<PAGE>

18. ISO Provisions.

     (a) Employment Requirement. ISOs may only be awarded to employees of
Register or a corporation which, with respect to Register, is a "parent
corporation" or "subsidiary corporation" within the meaning of Code Sections
424(e) and (f). Furthermore, except as otherwise provided in Code Section 422,
if an Optionee is no longer employed by Register or a parent corporation or
subsidiary corporation of Register, the Optionee's Option shall cease to be
treated as an ISO.

     (b) Option Exercise Price. Subject to paragraph (c), the Option exercise
price per share of Common Stock covered by an ISO shall be no less than the fair
market value of a share of Common Stock on the date of grant of the Option.

     (c) 10% Shareholders. In the case of an individual who at the time the
Option is granted owns stock possessing more than 10% of the total combined
voting power of all classes of the stock of Register or of a parent or
subsidiary corporation of Register (a "10% Holder"), (i) the Option exercise
price of the Common Stock covered by any ISO granted to such person shall in no
event be less than 110% of the fair market value of the Common Stock on the date
the ISO is granted and (ii) the term of an ISO granted to such person may not
exceed five years from the date of grant.

     (d) $100,000 Limit. The aggregate fair market value (determined at the time
an ISO is granted) of the Common Stock covered by ISOs exercisable for the first
time by an employee during any calendar year (under all plans of the Company)
may not exceed $100,000.

     19. No Right to Continued Employment. Neither the Plan nor any action taken
hereunder shall be construed as giving any employee, any independent contractor
or any service provider any right to continue in the employ of or to be engaged
as an independent contractor or service provider by the Company or affect the
right of the Company to terminate such person's employment or other relationship
with the Company at any time.

     20. Amendment; Early Termination. The Board may at any time and from time
to time alter, amend, suspend or terminate the Plan in whole or in part;
provided, however, that no amendment requiring stockholder approval by law or by
the rules of any stock exchange, inter-dealer quotation system, or other market
in which shares of Common Stock are traded, shall be effective unless and until
such stockholder approval has been obtained in compliance with such rule or law;
and provided, further, that no such amendment shall adversely affect the rights
of an Optionee in any Option previously granted under the Plan (including an
amendment which would cause an ISO to become a NSO) without the Optionee's
written consent.

                                        8
<PAGE>

     21. Effective Date. The Plan shall be effective as of the date of its
adoption by the Board (the "Effective Date"), subject to the approval thereof by
the shareholders of Register entitled to vote thereon within 12 months of such
date. In the event that such shareholder approval is not obtained within such
time period, the Plan and any Options granted under the Plan on or prior to the
expiration of such 12 month period shall be void and of no further force and
effect. Any Options granted under the Plan on or prior to the date of such
shareholder approval shall expressly provide that such Options are subject to
the approval of the Plan by the shareholders of Register within 12 months of the
Effective Date.

     22. Termination of Plan. Unless terminated earlier by the Board in
accordance with Section 19 above, the Plan shall terminate on, and no further
Options may be granted after, the tenth anniversary of the Effective Date.

     23. Severability. In the event that any one or more provisions of the Plan
or an Option Agreement, or any action taken pursuant to the Plan or an Option
Agreement, should, for any reason, be unenforceable or invalid in any respect
under the laws of the United States, any state of the United States or any other
jurisdiction, such unenforceability or invalidity shall not affect any other
provision of the Plan or Option Agreement, but in such particular jurisdiction
and instance the Plan and/or Option Agreement, as applicable, shall be construed
as if such unenforceable or invalid provision had not been contained therein or
if the action in question had not been taken thereunder.

     24. Definitions.

     (a) Fair Market Value. For all purposes of the Plan, the term "fair market
value" of Common Stock on any given date shall be: (i) if the Common Stock is
listed for trading on one or more national securities exchanges, the mean of the
high and low sales prices on the principal such exchange on the date in
question, or, if the Common Stock shall not have been traded on such principal
exchange on such date, the mean of the high and low sales prices on such
principal exchange on the first day prior thereto on which the Common Stock was
so traded; (ii) if the Common Stock is not listed for trading on a national
securities exchange but is traded on the over-the-counter market, the mean of
the highest and lowest bid prices for the Common Stock on the date in question,
or, if there are no such bid prices for the Common Stock on such date, the mean
of the highest and lowest bid prices on the first day prior thereto on which
such prices appear; or (iii) such other amount as may be determined by the Board
or the Committee by any fair and reasonable means.

     (b) Cause. The term "Cause" when used in conjunction with termination of
employment shall mean (i) if the Optionee is a party to an employment agreement
with the Company which defines "cause" (or a similar term), the meaning set
forth in such agreement (other than death or disability), or (ii) otherwise,
termination by the Company of the employment of the Optionee by reason of the
Optionee's (1) willful refusal to perform his or her obligations to the Company,
(2) willful misconduct, contrary to the interests of the Company, or (3)
commission of a serious criminal act, whether denominated a felony, misdemeanor
or otherwise. In the event of any dispute as to whether a termination for Cause
has occurred, the Board may resolve such dispute and such resolution shall be
final and conclusive on all parties.

     25. Headings. The headings of sections and subsections herein are included
solely for convenience of reference and shall not affect the meaning of any of
the provisions of the Plan.

     26. Governing Law. This Plan and all rights hereunder shall be construed in
accordance with and governed by the laws of the State of New York.

                                        9

<PAGE>
[1999 Stock Option Plan Agreement--Vesting in 4 equal installments over 4 years]

                               Register.com, Inc.
                                134 Fifth Avenue
                            New York, New York 10011
                                 (212) 627-4988
                               Fax (212) 627-6477

                                                           _______________, 199_

M__.

You are hereby granted the option to purchase ___ shares of the Common Stock of
Register.com, Inc., a Delaware corporation (the "Company"), at an exercise price
of $____ per share, pursuant to and subject to the terms of the Company's 1999
Stock Option Plan (the "Plan"), a copy of which is attached to this letter.

These options may be exercised in whole or in part, and from time to time, in
accordance with the vesting schedule specified below, and expire ten years from
the date hereof, except as otherwise provided in the Plan [language for
non-employees: ; provided that this option shall terminate and expire upon
_________________________ but in any event shall expire no later than ten years
from the date hereof]. These options may terminate, accelerate, adjust or be
substituted upon the occurrence of certain events described in the Plan. The
vesting schedule is as follows:

     o        _________ are exercisable ___________
     o        _________ are exercisable ___________
     o        _________ are exercisable ___________
     o        _________ are exercisable ___________

To buy shares of Common Stock pursuant to this agreement you must deliver to the
Company a completed exercise notice in the form attached and accompanied by
payment of the exercise price. No fractional shares will be issued or
transferred upon exercise of these options.

You may not sell, give or otherwise transfer, to any person or entity any of
your rights under this agreement, except that you may transfer them under a will
or otherwise under the laws of descent and distribution. During your lifetime,
only you or your legal representative may exercise these options.

<PAGE>

Securities laws limit whether and how you may sell the Common Stock you acquire
upon exercise of your options. The Plan also contains certain other restrictions
on the transferability of the stock that you purchase upon exercise of your
options. The stock certificates issued to you may bear an appropriate legend
reflecting those restrictions and that the Common Stock represented by the
certificate is subject to the terms and conditions of this agreement and the
Plan. When any option is exercised, the Company may require you to confirm that
you are buying the Common Stock for investment purposes without the intent to
distribute or sell it, if the Company determines that such a representation is
advisable under applicable securities laws, and to obtain a favorable written
opinion satisfactory in form and substance to the Company from counsel approved
by the Company as to the availability of a specific exemption from the
registration requirements of the Securities Act of 1933, as amended.

The language next to the box checked below shall be effective:

[ ] These options are intended to be incentive stock options ("ISO") as
described in Section 422 of the Internal Revenue Code of 1986, as amended from
time to time (the "Code"). Nonetheless, there is no guarantee that these options
will receive ISO treatment under the Code These options will not receive ISO
treatment to the extent that they do not comply or cease to comply with the ISO
qualifications set forth in Section 422 of the Code.

[ ] These options are intended to be nonqualified stock options and do not meet
the ISO requirements as described in Section 422 of the Code.

You should consult your tax advisor now to determine factors that may impact the
tax consequence of this option, as well as prior to each exercise of this
option. This is not an employment agreement and does not increase or decrease
the Company's obligation, if any, to employ you as in effect prior hereto. This
agreement shall be governed by the internal laws of the State of New York.

If any tax withholding required by law to be withheld by the Company is not
otherwise satisfied in accordance with the terms of the Plan, the Company may
satisfy its withholding obligation by reducing the number of shares of common
stock otherwise deliverable to you pursuant to an exercise of these options or
by acceptance of shares of common stock already owned by you for a period of at
least six months.

                                       2

<PAGE>

Your signature in the space below will signify your acceptance of the terms of
this agreement.

                                         Sincerely,

                                         Richard D. Forman
                                         President and CEO

ACCEPTED, AGREED TO AND ACKNOWLEDGED,
THIS ____ DAY OF ______________, 199_

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

                                       3
<PAGE>

                                 EXERCISE NOTICE

To:  Register.com, Inc.
Attention:  Chief Financial Officer

The undersigned hereby irrevocably elects to exercise __________ options to
purchase _______ shares of common stock of Register.com, Inc., a Delaware
corporation, under a Stock Option Agreement dated __________________, 199_, and
to purchase the common stock issuable upon exercise thereof for a total of
$____________ ($____ share). Stock certificates should be issued in the name of
the undersigned and delivered to the address set forth below.

----------------------------------       ---------------------------------------
[Please Sign Name]                       [Please provide Social Security Number]

----------------------------------
[Please Print Name]

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

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

----------------------------------
[Please Print Address]

                                       4

<PAGE>
[1999 Stock Option Plan Agreement--Vesting in 42 equal installments
                                over 42 months]

                               Register.com, Inc.
                                134 Fifth Avenue
                            New York, New York 10011
                                 (212) 627-4988
                               Fax (212) 627-6477

                                                           _______________, 199_

M__.

You are hereby granted the option to purchase ___ shares of the Common Stock of
Register.com., Inc., a Delaware corporation (the "Company"), at an exercise
price of $____ per share, pursuant to and subject to the terms of the Company's
1999 Stock Option Plan (the "Plan"), a copy of which is attached to this letter.

These options may be exercised in whole or in part, and from time to time, in
accordance with the vesting schedule specified below, and expire ten years from
the date hereof, except as otherwise provided in the Plan [language for
non-employees: ; provided that this option shall terminate and expire upon
_________________________ but in any event shall expire no later than ten years
from the date hereof]. These options may terminate, accelerate, adjust or be
substituted upon the occurrence of certain events described in the Plan. These
options will vest on a monthly basis for a period of 42 months with the first
monthly vesting date beginning on the third month anniversary of the
commencement date of your employment.

To buy shares of Common Stock pursuant to this agreement you must deliver to the
Company a completed exercise notice in the form attached and accompanied by
payment of the exercise price. No fractional shares will be issued or
transferred upon exercise of these options.

You may not sell, give or otherwise transfer, to any person or entity any of
your rights under this agreement, except that you may transfer them under a will
or otherwise under the laws of descent and distribution. During your lifetime,
only you or your legal representative may exercise these options.

<PAGE>

Securities laws limit whether and how you may sell the Common Stock you acquire
upon exercise of your options. The Plan also contains certain other restrictions
on the transferability of the stock that you purchase upon exercise of your
options. The stock certificates issued to you may bear an appropriate legend
reflecting those restrictions and that the Common Stock represented by the
certificate is subject to the terms and conditions of this agreement and the
Plan. When any option is exercised, the Company may require you to confirm that
you are buying the Common Stock for investment purposes without the intent to
distribute or sell it, if the Company determines that such a representation is
advisable under applicable securities laws, and to obtain a favorable written
opinion satisfactory in form and substance to the Company from counsel approved
by the Company as to the availability of a specific exemption from the
registration requirements of the Securities Act of 1933, as amended.

The language next to the box checked below shall be effective:

[ ] These options are intended to be incentive stock options ("ISO") as
described in Section 422 of the Internal Revenue Code of 1986, as amended from
time to time (the "Code"). Nonetheless, there is no guarantee that these options
will receive ISO treatment under the Code These options will not receive ISO
treatment to the extent that they do not comply or cease to comply with the ISO
qualifications set forth in Section 422 of the Code.

[ ] These options are intended to be nonqualified stock options and do not meet
the ISO requirements as described in Section 422 of the Code.

You should consult your tax advisor now to determine factors that may impact the
tax consequence of this option, as well as prior to each exercise of this
option. This is not an employment agreement and does not increase or decrease
the Company's obligation, if any, to employ you as in effect prior hereto. This
agreement shall be governed by the internal laws of the State of New York.

If any tax withholding required by law to be withheld by the Company is not
otherwise satisfied in accordance with the terms of the Plan, the Company may
satisfy its withholding obligation by reducing the number of shares of common
stock otherwise deliverable to you pursuant to an exercise of these options or
by acceptance of shares of common stock already owned by you for a period of at
least six months.

                                       2
<PAGE>

Your signature in the space below will signify your acceptance of the terms of
this agreement.

                                        Sincerely,

                                        Richard D. Forman
                                        President and CEO

ACCEPTED, AGREED TO AND ACKNOWLEDGED,
THIS ____ DAY OF ______________, 199_

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

                                       3
<PAGE>

                                 EXERCISE NOTICE

To: Register.com, Inc.
Attention:  Chief Financial Officer

The undersigned hereby irrevocably elects to exercise __________ options to
purchase _______ shares of common stock of Register.com, Inc., a New York
corporation, under a Stock Option Agreement dated __________________, 199_, and
to purchase the common stock issuable upon exercise thereof for a total of
$____________ ($____ share). Stock certificates should be issued in the name of
the undersigned and delivered to the address set forth below.

----------------------------------       ---------------------------------------
[Please Sign Name]                       [Please provide Social Security Number]

----------------------------------
[Please Print Name]

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

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

----------------------------------
[Please Print Address]

                                       4

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