Common use of Equity Stake Clause in Contracts

Equity Stake. Boxlot shall grant to theglobe, pursuant to industry- standard terms negotiated between the parties in good faith, immediately vested options to purchase shares of common stock equal to up to 4% of Boxlot's fully diluted capital stock (in accordance with the chart below). Theglobe shall be restricted from exercising such options until the first anniversary of the Effective Date, and such options shall have a five-year term. Each such option shall have an exercise price equal to the lesser of (1) the price at which Boxlot's common stock is sold to the public in an initial public offering or (2) $6 per share; each of the foregoing as may be adjusted for any stock splits, combinations or re-organizations affecting Boxlot's capital stock. Boxlot shall grant to theglobe registration rights for such options and any shares of common stock issued or issuable upon the exercise of such options (including without limitation, two demand registration rights and unlimited piggyback registration rights) on Form ▇-▇, ▇▇▇▇ ▇-▇ or such other form as may be applicable pursuant to the Securities Act of 1933 as amended. ------------------------------------------------------------------------------------------------------------------ Number of aggregate unique users, as measured by Aggregate percent of Boxlot's equity subject to the unique IP addresses, in a month who visit a page options upon achieving such level once under the Domain Name ------------------------------------------------------------------------------------------------------------------ 500,000 1% ------------------------------------------------------------------------------------------------------------------ 1,000,000 2% ------------------------------------------------------------------------------------------------------------------ 1,500,000 3% ------------------------------------------------------------------------------------------------------------------ 1,750,000 3.5% ------------------------------------------------------------------------------------------------------------------ 2,000,000 4% ------------------------------------------------------------------------------------------------------------------ ▇▇▇▇▇▇▇▇.▇▇▇, INC.: THE BOXLOT COMPANY: By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇ By: /s/ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ Title: COO Title: CEO EXHIBIT A BUSINESS TERMS Description of the Service: person-to-person auctions Description of Boxlot Content: *** Domain Name for the Co-Branded Pages: ▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇ theglobe's Promotions. In positions determined by theglobe in its sole discretion, theglobe shall: