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Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?

To: levy who wrote (25786)	4/1/2001 10:05:09 PM
From: The O	Read Replies (1) \| Respond to of 28311

Jain is keynote speaker tomorrow iwirelessforum.com O

To: levy who wrote (25786)	4/1/2001 10:16:02 PM
From: levy	Read Replies (2) \| Respond to of 28311

a few more tidbits On March 19, 2001, one of our stockholders filed a derivative lawsuit in King County Superior Court, Seattle, Washington. The complaint names current and former executive officers and directors of ours, their marital communities and related entities as defendants. As a shareholder derivative suit, the complaint also names InfoSpace, Inc. as a nominal defendant. The plaintiff alleges insider trading on the part of certain defendants, breach of fiduciary duties by our directors in connection with the acquisition of Go2Net and other breaches of contractual obligations and fiduciary duties in connection with the Prio and Go2Net acquisitions. and then there is this Our executive officers generally sign non-disclosure, invention release, and non-competition agreements which limit their ability to compete with us for a year after their employment ends. Our Chairman and Chief Executive Officer, Naveen Jain, has a two-year non-competition agreement. when did he sign this I wonder? if true it would seem to make the statements in that standard article a bit wrong unless of course he just signed it recently???? and they either got rid of Steve Shivers in Europe or he left... here I think I answered my own question On February 10, 2000, in exchange for the release of such shares, Mr. Jain entered into a noncompetition agreement with us. In addition to noncompetition, nondisclosure and invention release provisions which apply for the duration of his employment, the noncompetition agreement also provides that Mr. Jain will not engage in activities which compete with our business of for a period of two years after termination of his employment with us for any reason. and then it looks like rick thompson is having a little trouble paying for that new house...chances are he isn't paying this loan back anytime soon On February 10, 2000, in exchange for the release of such shares, Mr. Jain entered into a noncompetition agreement with us. In addition to noncompetition, nondisclosure and invention release provisions which apply for the duration of his employment, the noncompetition agreement also provides that Mr. Jain will not engage in activities which compete with our business of for a period of two years after termination of his employment with us for any reason. ricky how come they don't treat you like this infospace boy? In October 2000, we loaned Rasipuram V. Arun, our current Chief Technology Officer, $4.0 million. The non-recourse promissory note matures on December 31, 2001. The non-recourse note is secured by a pledge of 200,000 shares of our common stock. If, on the maturity date, the fair market value of the pledgedshares is insufficient to repay the principal and accrued interest on the note, we will forgive the difference between fair market value of the collateral and the principal plus accrued interest and will make a cash distribution to Mr. Arun sufficient to cover his resulting tax liability from the forgiveness of debt.