1999 RESTRICTED STOCK PLAN

CYBERCASH, INC.



1999 RESTRICTED STOCK PLAN TABLE OF CONTENTS





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1. PURPOSE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

2. DEFINITIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

3. ADMINISTRATION OF THE PLAN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

3.1. Board . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

3.2. Committee. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

3.3. Awards. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

3.4. No Liability. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

4. STOCK SUBJECT TO THE PLAN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

5. EFFECTIVE DATE AND TERM OF THE PLAN . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

5.1. Effective Date. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

5.2. Term. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

6. ELIGIBILITY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

6.1. Company or Subsidiary Employees; Service Providers. . . . . . . . . . . . . . . . . 6

6.2. Successive Grants. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

7. AWARD AGREEMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

8. RESTRICTED STOCK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

8.1. Grant of Restricted Stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

8.2. Restrictions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

8.3. Restricted Stock Certificates. . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

8.4. Rights of Holders of Restricted Stock. . . . . . . . . . . . . . . . . . . . . . . . 7

8.5. Termination of Employment or Other Relationship. . . . . . . . . . . . . . . . . . . 7

8.6. Rights in the Event of Death. . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

8.7. Rights in the Event of Disability. . . . . . . . . . . . . . . . . . . . . . . . . . 8

8.8. Delivery of Stock and Payment Therefor. . . . . . . . . . . . . . . . . . . . . . . 8

9. UNRESTRICTED STOCK AWARDS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

10. PARACHUTE LIMITATIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

11. REQUIREMENTS OF LAW . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

11.1. General. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

11.2. Rule 16b-3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

12. AMENDMENT AND TERMINATION OF THE PLAN . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

13. EFFECT OF CHANGES IN CAPITALIZATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

13.1. Changes in Stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

13.2. Reorganization, Sale of Assets or Sale of Stock Which Involves a Change of Control. 11

13.3. Adjustments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

13.4. No Limitations on Company. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

14. DISCLAIMER OF RIGHTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

15. NONEXCLUSIVITY OF THE PLAN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

16. WITHHOLDING TAXES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13











- i - 17. CAPTIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

18. OTHER PROVISIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

19. NUMBER AND GENDER . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

20. SEVERABILITY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

21. GOVERNING LAW . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14













CYBERCASH, INC.



1999 RESTRICTED STOCK PLAN



CyberCash, Inc., a Delaware corporation (the "Company"), sets forth herein the terms of its 1999 Restricted Stock Plan (the "Plan") as follows:



1. PURPOSE



The purpose of the Plan is to enhance the Company's ability to attract, retain and compensate highly qualified officers, key employees, and other persons, and to motivate such officers, key employees, and other persons to serve the Company and its affiliates (as defined herein) and to expend maximum effort to improve the business results and earnings of the Company, by providing to such officers, key employees and other persons an opportunity to acquire or increase a direct proprietary interest in the operations and future success of the Company. To this end, the Plan provides for the grant of restricted stock and unrestricted stock.



2. DEFINITIONS



For purposes of interpreting the Plan and related documents (including Award Agreements), the following definitions shall apply:



2.1 "affiliate" of, or person "affiliated" with, a person means any company or other trade or business that controls, is controlled by or is under common control with such person within the meaning of Rule 405 of Regulation C under the Securities Act.



2.2 "Award" means a grant of Restricted Stock or Unrestricted Stock under the Plan.



2.3 "Award Agreement" means the Restricted Stock Agreement or Unrestricted Stock Award Agreement or other written agreement between the Company and a Grantee that evidences and sets out the terms and conditions of an Award.



2.4 "Benefit Arrangement" shall have the meaning set forth in SECTION 10 hereof.



2.5 "Board" means the Board of Directors of the Company.











- 1 - 2.6 "Code" means the Internal Revenue Code of 1986, as now in effect or as hereafter amended.



2.7 "Committee" means a committee of, and designated from time to time by resolution of, the Board, which shall consist of no fewer than two members of the Board, none of whom shall be an officer or other salaried employee of the Company or any affiliate of the Company.



2.8 "Company" means CyberCash, Inc.



2.9 "Effective Date" means January 29, 1999, the date on which the Plan was adopted by the Board.



2.10 "Exchange Act" means the Securities Exchange Act of 1934, as now in effect or as hereafter amended.



2.11 "Fair Market Value" means, as of any date, the value of the common stock of the Company determined as follows and in each case in a manner consistent with Section 260.140.50 of Title of the California Code of Regulations:



(1) If the common stock is listed on any established stock exchange or

a national market system, including without limitation the National

Market System of the National Association of Securities Dealers,

Inc. Automated Quotation ("NASDAQ") System, the Fair Market Value

of a share of common stock shall be the closing sales price for

such stock (or the closing bid, if no sales were reported) as

quoted on such system or exchange (or the exchange with the

greatest volume of trading in common stock) on the last market

trading day prior to the day of determination, as reported in the

Wall Street Journal or such other source as the Board deems

reliable;



(2) If the common stock is quoted on the NASDAQ System (but not on the

National Market System thereof) or is regularly quoted by a

recognized securities dealer but selling prices are not reported,

the Fair Market Value of a share of common stock shall be the mean

between the bid and asked prices for the common stock on the last

market trading day prior to the day of determination, as reported

in the Wall Street Journal or such other source as the Board deems

reliable;



(3) In the absence of an established market for the common stock, the

Fair Market Value shall be determined in good faith by the Board.







2.11 "Grant Date" means, as determined by the Board or authorized Committee, (i) the date as of which the Board or such Committee approves an Award, (ii) the date on which the recipient of such Award first became an employee of or otherwise entered into a relationship with the Company or an affiliate of the Company or (iii) such other date as may be specified by the Board or such Committee.



2.12 "Grantee" means a person who receives or holds Restricted Stock or an Unrestricted Stock Award under the Plan.



2.13 "Other Agreement" shall have the meaning set forth in SECTION 10 hereof.



2.14 "Plan" means this CyberCash, Inc. 1999 Restricted Stock Plan.



2.15 "Reporting Person" means a person who is required to file reports under Section 16(a) of the Exchange Act.



2.16 "Restricted Period" means the period during which Restricted Stock is subject to restrictions or conditions pursuant to SECTION 8.2 hereof.



2.17 "Restricted Stock" means shares of Stock, awarded to a Grantee pursuant to SECTION 8 hereof, that are subject to restrictions and to a risk of forfeiture.



2.18 "Securities Act" means the Securities Act of 1933, as now in effect or as hereafter amended.



2.19 "Service Provider" means a consultant or adviser to the Company, a manager of the Company's properties or affairs, or other similar service provider or affiliate of the Company, and employees of any of the foregoing, as such persons may be designated from time to time by the Board pursuant to SECTION 6.1 hereof.



2.20 "Stock" means the common stock, par value $0.001 per share, of the Company.



2.21 "Subsidiary" means any "subsidiary corporation" of the Company within the meaning of Section 424(f) of the Code.



2.22 "Unrestricted Stock Award" means any Award granted pursuant to



SECTION 9.













3. ADMINISTRATION OF THE PLAN



3.1. BOARD.



The Board shall have such powers and authorities related to the administration of the Plan as are consistent with the Company's certificate of incorporation and by-laws and applicable law. The Board shall have full power and authority to take all actions and to make all determinations required or provided for under the Plan, any Award or any Award Agreement, and shall have full power and authority to take all such other actions and make all such other determinations not inconsistent with the specific terms and provisions of the Plan that the Board deems to be necessary or appropriate to the administration of the Plan, any Award or any Award Agreement. All such actions and determinations shall be by the affirmative vote of a majority of the members of the Board present at a meeting or by unanimous consent of the Board executed in writing in accordance with the Company's articles of incorporation and by-laws and applicable law. The interpretation and construction by the Board of any provision of the Plan, any Award or any Award Agreement shall be final and conclusive. As permitted by law, the Board may delegate its authority under the Plan to a member of the Board of Directors or an executive officer of the Company.



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