INFOSEEK CORP
S-8, 1996-06-13
ADVERTISING
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<PAGE>   1
      As filed with the Securities and Exchange Commission on June 13, 1996
                                                  Registration No. 333-

===============================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM S-8
                             REGISTRATION STATEMENT
                                      Under
                           The Securities Act of 1933


                              INFOSEEK CORPORATION
             (Exact name of registrant as specified in its charter)

           CALIFORNIA                                    77-0353450
  (State or other jurisdiction                (IRS Employer Identification No.)
of incorporation or organization)

                         2620 AUGUSTINE DRIVE, SUITE 250
                          SANTA CLARA, CALIFORNIA 95054
               (Address of principal executive offices) (Zip Code)


                      1996 STOCK OPTION/STOCK ISSUANCE PLAN
                          EMPLOYEE STOCK PURCHASE PLAN
                            (Full title of the Plans)


                            ROBERT E.L. JOHNSON, III
                      PRESIDENT AND CHIEF EXECUTIVE OFFICER
                              INFOSEEK CORPORATION
                         2620 AUGUSTINE DRIVE, SUITE 250
                          SANTA CLARA, CALIFORNIA 95054
                     (Name and address of agent for service)

          (Telephone number, including area code, of agent for service)
                                 (408) 567-2700

<TABLE>
<CAPTION>
                         CALCULATION OF REGISTRATION FEE
========================================================================================================================
                                                                   Proposed               Proposed
            Title of                                                Maximum               Maximum
           Securities                        Amount                Offering              Aggregate            Amount of
              to be                          to be                   Price               Offering           Registration
           Registered                     Registered(1)           per Share(2)           Price(2)                Fee
           ----------                     ----------              ---------              -----                   ---
<S>                                       <C>                      <C>                 <C>                   <C>      
  1996 Stock Option/Stock
  Issuance Plan:

  Options to purchase Common Stock          5,625,000                N/A                   N/A                  N/A

  Common Stock                           5,625,000 shares           $12.00              $67,500,000_         $23,275.82

  Employee Stock Purchase Plan:

  Common Stock                              187,500 shares          $12.00              $2,250,000           $   775.86

========================================================================================================================
</TABLE>

(1)      This Registration Statement shall also cover any additional shares of
         Common Stock which become issuable under the 1996 Stock Option/Stock
         Issuance Plan and/or the Employee Stock Purchase Plan by reason of any
         stock dividend, stock split, recapitalization or other similar
         transaction effected without the receipt of consideration which results
         in an increase in the number of the outstanding shares of Common Stock
         of Infoseek Corporation.

(2)      Calculated solely for purposes of this offering under Rule 457(h) of
         the Securities Act of 1933, as amended, on the basis of the fair market
         value per share of Common Stock of Infoseek Corporation on
         June 11, 1996.
<PAGE>   2
                                     PART II


               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3. Incorporation of Documents by Reference

                  Infoseek Corporation (the "Registrant") hereby incorporates by
reference into this Registration Statement the following documents previously
filed with the Securities and Exchange Commission (the "SEC"):

         (a)      The Registrant's prospectus filed with the SEC pursuant to
                  Rule 424(b) of the Securities Act of 1933, as amended (the
                  "1933 Act") in connection with the Registration Statement No.
                  333-4142 on Form S-1, filed with the SEC on April 26, 1996,
                  together with amendments thereto, in which there is set forth
                  audited financial statements for the Registrant's fiscal year
                  ended December 31, 1995; and

         (b)      The Registrant's Registration Statement No. 001-11797 on Form
                  8-A filed with the SEC on June 5, 1996 pursuant to Section 12
                  of the Securities Exchange Act of 1934, as amended (the "1934
                  Act") in which there is described the terms, rights and
                  provisions applicable to the Registrant's outstanding Common
                  Stock.

                  All reports and definitive proxy or information statements
filed pursuant to Section 13(a), 13(c), 14 or 15(d) of the 1934 Act after the
date of this Registration Statement and prior to the filing of a post-effective
amendment which indicates that all securities offered hereby have been sold or
which deregisters all securities then remaining unsold shall be deemed to be
incorporated by reference into this Registration Statement and to be a part
hereof from the date of filing of such documents. Any statement contained in a
document incorporated or deemed to be incorporated by reference herein shall be
deemed to be modified or superseded for purposes of this Registration Statement
to the extent that a statement contained herein or in any subsequently filed
document which also is deemed to be incorporated by reference herein modifies or
supersedes such statement. Any such statement so modified or superseded shall
not be deemed, except as so modified or superseded, to constitute a part of this
Registration Statement.

Item 4. Description of Securities

         Not Applicable.

Item 5. Interests of Named Experts and Counsel

         Not Applicable.

Item 6. Indemnification of Directors and Officers

         The Registrant has adopted provisions in its Amended and Restated
Articles of Incorporation that limit the liability of directors in certain
instances. As permitted by the California General Corporation Law, directors
will not be liable to the Registrant for monetary damages arising from a breach
of their fiduciary duty as directors in certain circumstances. Such limitation
does not affect liability for any breach of a director's duty to the Registrant
or its shareholders (i) with respect to approval by the director of any
transaction from which he derives an improper personal benefit, (ii) with
respect to acts or omissions involving an absence of good faith, that he
believes to be contrary to the best interests of the Registrant or its
shareholders, that involve intentional misconduct or a knowing and culpable
violation of law, that constitute an unexcused pattern of inattention that
<PAGE>   3
amounts to an abdication of his duty to the Registrant or its shareholders, or
that show a reckless disregard for his duty to the Registrant or its
shareholders in circumstances in which he was, or should have been, aware, in
the ordinary course of performing his duties, of a risk of serious injury to the
Registrant or its shareholders, or (iii) based on transactions between the
Registrant and its directors or another corporation with interrelated directors
or on improper distributions, loans or guarantees under applicable sections of
the California General Corporation Law. Such limitation of liability also does
not affect the availability of equitable remedies such as injunctive relief or
rescission, although in certain circumstances equitable relief may not be
available as a practical matter. The limitation may relieve the directors of
monetary liability to the Registrant for grossly negligent conduct, including
conduct in situations involving attempted takeovers of the Registrant. No claim
or litigation is currently pending against the Registrant's directors that would
be affected by the limitation of liability.

         Insofar as indemnification for liabilities arising under the Securities
Act may be permitted to directors, officers and controlling persons of the
Registrant pursuant to the California Corporation Law, the Articles of
Incorporation or the Bylaws of Registrant, Indemnification Agreements entered
into between the Registrant and its officers and directors, the Underwriting
Agreement, or otherwise, the Registrant has been advised that in the opinion of
the SEC such indemnification is against public policy as expressed in the
Securities Act, and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
Registrant of expenses incurred or paid by a director, officer, or controlling
person of the Registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered hereunder, the Registrant will,
unless in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question of whether
such indemnification by it is against public policy as expressed in the
Securities Act and will be governed by the final adjudication of such issue.

         The Registrant's Amended and Restated Articles of Incorporation and
Bylaws provide that the Registrant shall indemnify its directors and may
indemnify its officers to the full extent permitted by California law, including
circumstances in which indemnification is otherwise discretionary under
California law. The Registrant has entered into separate indemnification
agreements with its directors and officers, which may require the Registrant,
among other things, to indemnify them against certain liabilities that may arise
by reason of their status or service as directors or officers (other than
liabilities arising form willful misconduct of a culpable nature), and to
advance their expenses incurred as a result of any proceeding against them as to
which they could be indemnified. To the extent the Registrant may be required to
make substantial payments under the indemnification agreements that are not
covered by insurance, the Registrant's available cash and shareholder's equity
would be adversely affected.

Item 7. Exemption from Registration Claimed

         Not Applicable.


                                      II-2
<PAGE>   4
Item 8. Exhibits

<TABLE>
<CAPTION>
Exhibit Number        Exhibit
- --------------        -------
<S>                   <C>
     5                Opinion and consent of Brobeck, Phleger & Harrison LLP.
    23.1              Consent of Ernst & Young LLP, Independent Auditors.
    23.2              Consent of Brobeck, Phleger & Harrison LLP is contained in Exhibit 5.
    24                Power of Attorney.  Reference is made to page II-5 of this Registration Statement.
    99.1              1996 Stock Option/Stock Issuance Plan.
    99.2              Form of Notice of Grant of Stock Option.
    99.3              Form of Stock Option Agreement.
    99.4              Form of Addendum to Stock Option Agreement (Involuntary Termination
                      Following a Corporate Transaction).
    99.5              Form of Addendum to Stock Option Agreement (Involuntary Termination
                      Following a Change in Control).
    99.6              Form of Notice of Grant of Automatic Stock Option (Initial Grant).
    99.7              Form of Notice of Grant of Automatic Stock Option (Annual Grant).
    99.8              Form of Automatic Stock Option Agreement.
    99.9              Form of Stock Issuance Agreement.
    99.10             Form of Addendum to Stock Issuance Agreement (Involuntary Termination
                      Following a Corporate Transaction).
    99.11             Form of Addendum to Stock Issuance Agreement (Involuntary Termination
                      Following a Change in Control).
    99.12             Employee Stock Purchase Plan.
</TABLE>

Item 9. Undertakings

                  A. The undersigned Registrant hereby undertakes: (1) to file,
during any period in which offers or sales are being made, a post-effective
amendment to this Registration Statement (i) to include any prospectus required
by Section 10(a)(3) of the 1933 Act, (ii) to reflect in the prospectus any facts
or events arising after the effective date of this Registration Statement (or
the most recent post-effective amendment thereof) which, individually or in the
aggregate, represent a fundamental change in the information set forth in this
Registration Statement and (iii) to include any material information with
respect to the plan of distribution not previously disclosed in this
Registration Statement or any material change to such information in this
Registration Statement; provided, however, that clauses (1)(i) and (1)(ii) shall
not apply if the information required to be included in a post-effective
amendment by those paragraphs is contained in periodic reports filed by the
Registrant pursuant to Section 13 or Section 15(d) of the 1934 Act that are
incorporated by reference into this Registration Statement; (2) that for the
purpose of determining any liability under the 1933 Act each such post-effective
amendment shall be deemed to be a new registration statement relating to the
securities offered therein and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof; and (3) to remove
from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the Registrant's 1996
Stock Option/Stock Issuance Plan and/or Employee Stock Purchase Plan.

                  B. The undersigned Registrant hereby undertakes that, for
purposes of determining any liability under the 1933 Act, each filing of the
Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the
1934 Act that is incorporated by reference into this Registration Statement
shall be deemed to be a new registration statement relating to the securities
offered therein, and the offering of such securities at that time shall be
deemed to be the initial bona fide offering thereof.


                                      II-3
<PAGE>   5
                  C. Insofar as indemnification for liabilities arising under
the 1933 Act may be permitted to directors, officers, or controlling persons of
the Registrant pursuant to the indemnification provisions summarized in Item 6
above or otherwise, the Registrant has been advised that, in the opinion of the
SEC, such indemnification is against public policy as expressed in the 1933 Act
and is, therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than the payment by the Registrant of expenses
incurred or paid by a director, officer, or controlling person of the Registrant
in the successful defense of any action, suit, or proceeding) is asserted by
such director, officer, or controlling person in connection with the securities
being registered, the Registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is
against public policy as expressed in the 1933 Act and will be governed by the
final adjudication of such issue.


                                      II-4
<PAGE>   6
                                   SIGNATURES

                  Pursuant to the requirements of the Securities Act of 1933, as
amended, the Registrant certifies that it has reasonable grounds to believe that
it meets all of the requirements for filing on Form S-8, and has duly caused
this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Santa Clara, State of California, on
this 10th day of June, 1996.

                                       INFOSEEK CORPORATION


                                       By: /s/ Robert E.L. Johnson, III
                                          -------------------------------------
                                          Robert E.L. Johnson, III
                                          President and Chief Executive Officer


                                POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS:

                  That the undersigned officers and directors of Infoseek
Corporation, a California corporation, do hereby constitute and appoint Leonard
J. LeBlanc the lawful attorney-in-fact and agent with full power and authority
to do any and all acts and things and to execute any and all instruments which
said attorney and agent determines may be necessary or advisable or required to
enable said corporation to comply with the Securities Act of 1933, as amended,
and any rules or regulations or requirements of the Securities and Exchange
Commission in connection with this Registration Statement. Without limiting the
generality of the foregoing power and authority, the powers granted include the
power and authority to sign the names of the undersigned officers and directors
in the capacities indicated below to this Registration Statement, to any and all
amendments, both pre-effective and post-effective, and supplements to this
Registration Statement, and to any and all instruments or documents filed as
part of or in conjunction with this Registration Statement or amendments or
supplements thereof, and each of the undersigned hereby ratifies and confirms
all that said attorney and agent shall do or cause to be done by virtue hereof.
This Power of Attorney may be signed in several counterparts.

                  IN WITNESS WHEREOF, each of the undersigned has executed this
Power of Attorney as of the date indicated.

                  Pursuant to the requirements of the Securities Act of 1933, as
amended, this Registration Statement has been signed below by the following
persons in the capacities and on the dates indicated.


<TABLE>
<CAPTION>
Signature                                   Title                                       Date
- ---------                                   -----                                       ----
<S>                                         <C>                                         <C>
/s/ Robert E.L. Johnson, III                President, Chief Executive Officer          June 10, 1996
- ------------------------                               and Director
Robert E.L. Johnson, III                       (Principal Executive Officer)
</TABLE>


                                      II-5
<PAGE>   7
<TABLE>
<CAPTION>
Signature                                   Title                                       Date
- ---------                                   -----                                       ----
<S>                                         <C>                                         <C>
/s/ L.J. LeBlanc                                                                        
- ------------------------------              Executive Vice President, Finance,          June 10, 1996
Leonard J. LeBlanc                          Chief Financial Officer and
                                            Assistant Secretary
                                            (Principal Financial and
                                            Accounting Officer)
/s/ Steven T. Kirsch
- ------------------------------              Chairman of the Board                       June 10, 1996
Steven T. Kirsch                            and Director


/s/ H. D. Montgomery
- ------------------------------              Director                                    June 10, 1996
H. DuBose Montgomery


/s/ Oliver D. Curme
- ------------------------------              Director                                    June 10, 1996
Oliver D. Curme


/s/ John E. Zeisler
- ------------------------------              Director                                    June 10, 1996
John E. Zeisler


/s/ Matthew J. Stover
- ------------------------------              Director                                    June 10, 1996
Matthew J. Stover
</TABLE>


                                      II-6
<PAGE>   8
                                  EXHIBIT INDEX

<TABLE>
<CAPTION>
        Exhibit
<S>                   <C>
         5            Opinion and consent of Brobeck, Phleger & Harrison LLP.
        23.1          Consent of Ernst & Young LLP, Independent Auditors.
        23.2          Consent of Brobeck, Phleger & Harrison LLP is contained in
                      Exhibit 5.
        24            Power of Attorney.  Reference is made to page II-5 of this
                      Registration Statement.
        99.1          1996 Stock Option/Stock Issuance Plan.
        99.2          Form of Notice of Grant of Stock Option.
        99.3          Form of Stock Option Agreement.
        99.4          Form of Addendum to Stock Option Agreement (Involuntary
                      Termination Following a Corporate Transaction).
        99.5          Form of Addendum to Stock Option Agreement (Involuntary
                      Termination Following a Change in Control).
        99.6          Form of Notice of Grant of Automatic Stock Option
                      (Initial Grant).
        99.7          Form of Notice of Grant of Automatic Stock Option
                      (Annual Grant).
        99.8          Form of Automatic Stock Option Agreement.
        99.9          Form of Stock Issuance Agreement.
        99.10         Form of Addendum to Stock Issuance Agreement
                      (Involuntary Termination Following a Corporate
                      Transaction).
        99.11         Form of Addendum to Stock Issuance Agreement
                      (Involuntary Termination Following a Change in Control).
        99.12         Employee Stock Purchase Plan.
</TABLE>

<PAGE>   1

                                 June 13, 1996



Infoseek Corporation
2620 Augustine Drive, Suite 250
Santa Clara, California  95054


                  Re:      Registration Statement for Offering of
                           an aggregate of 5,812,500 Shares of Common Stock

Ladies and Gentlemen:

                  We refer to your registration on Form S-8 (the "Registration
Statement") under the Securities Act of 1933, as amended, of (i) 5,625,000
shares of Common Stock under the Infoseek Corporation (the "Company") 1996 Stock
Option/Stock Issuance Plan and (ii) 187,500 shares of Common Stock under the
Company's Employee Stock Purchase Plan. We advise you that, in our opinion, when
such shares have been issued and sold pursuant to the applicable provisions of
the 1996 Stock Option/Stock Issuance Plan and the Employee Stock Purchase Plan
and in accordance with the Registration Statement, such shares will be duly
authorized, validly issued, fully paid and non-assessable shares of the
Company's Common Stock.

                  We hereby consent to the filing of this opinion as an exhibit
to the Registration Statement.

                                            Very truly yours,


                                            /s/ Brobeck, Phleger & Harrison LLP

                                            BROBECK, PHLEGER & HARRISON LLP

<PAGE>   1
               CONSENT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS


We consent to the incorporation by reference in the Registration Statement (Form
S-8) pertaining to the 1996 Stock Option/Stock Issuance Plan and the Employee
Stock Purchase Plan of our report dated February 27, 1996, except as to Note 10,
as  to which the date is May 15, 1996, with respect to the financial statements
and schedule of Infoseek for the year ended December 31, 1995, included in the
Registration Statement (Form S-1) filed with the Securities and Exchange
Commission.



                                                /s/ ERNST & YOUNG LLP


San Jose, California
June 10, 1996


<PAGE>   1
                              INFOSEEK CORPORATION
                      1996 STOCK OPTION/STOCK ISSUANCE PLAN


                                   ARTICLE ONE

                               GENERAL PROVISIONS


         I. PURPOSE OF THE PLAN

                  This 1996 Stock Option/Stock Issuance Plan is intended to
promote the interests of Infoseek Corporation, a California corporation, by
providing eligible persons with the opportunity to acquire a proprietary
interest, or otherwise increase their proprietary interest, in the Corporation
as an incentive for them to remain in the service of the Corporation.

                  Capitalized terms shall have the meanings assigned to such
terms in the attached Appendix.

         II. STRUCTURE OF THE PLAN

                  A. The Plan shall be divided into three separate equity
programs:

                           (i) the Discretionary Option Grant Program under
         which eligible persons may, at the discretion of the Plan
         Administrator, be granted options to purchase shares of Common Stock,

                           (ii) the Stock Issuance Program under which eligible
         persons may, at the discretion of the Plan Administrator, be issued
         shares of Common Stock directly, either through the immediate purchase
         of such shares or as a bonus for services rendered the Corporation (or
         any Parent or Subsidiary), and

                           (iii) the Automatic Option Grant Program under which
         Eligible Directors shall automatically receive option grants at
         periodic intervals to purchase shares of Common Stock.

                  B. The Discretionary Option Grant and Stock Issuance Programs
shall become effective immediately upon the Plan Effective Date, and the
Automatic Option Grant Program shall become effective upon the Underwriting
Date.
<PAGE>   2
         III. ADMINISTRATION OF THE PLAN

                  A. Prior to the Section 12 Registration Date, the
Discretionary Option Grant and Stock Issuance Programs shall be administered by
the Board. Beginning with the Section 12 Registration Date, the Primary
Committee shall have sole and exclusive authority to administer the
Discretionary Option Grant and Stock Issuance Programs with respect to Section
16 Insiders. No non-employee Board member shall be eligible to serve on the
Primary Committee if such individual has, during the twelve (12)-month period
immediately preceding the date of his or her appointment to the Committee or (if
shorter) the period commencing with the Section 12(g) Registration Date and
ending with the date of his or her appointment to the Primary Committee,
received an option grant or direct stock issuance under the Plan or any other
stock option, stock appreciation, stock bonus or other stock plan of the
Corporation (or any Parent or Subsidiary), other than pursuant to the Automatic
Option Grant Program.

                  B. Administration of the Discretionary Option Grant and Stock
Issuance Programs with respect to all other persons eligible to participate in
those programs may, at the Board's discretion, be vested in the Primary
Committee or a Secondary Committee, or the Board may retain the power to
administer those programs with respect to all such persons. The members of the
Secondary Committee may be Board members who are Employees eligible to receive
discretionary option grants or direct stock issuances under the Plan or any
other stock option, stock appreciation, stock bonus or other stock plan of the
Corporation (or any Parent or Subsidiary).

                  C. Members of the Primary Committee or any Secondary Committee
shall serve for such period of time as the Board may determine and may be
removed by the Board at any time. The Board may also at any time terminate the
functions of any Secondary Committee and reassume all powers and authority
previously delegated to such committee.

                  D. Each Plan Administrator shall, within the scope of its
administrative functions under the Plan, have full power and authority to
establish such rules and regulations as it may deem appropriate for proper
administration of the Discretionary Option Grant and Stock Issuance Programs and
to make such determinations under, and issue such interpretations of, the
provisions of such programs and any outstanding options or stock issuances
thereunder as it may deem necessary or advisable. Decisions of the Plan
Administrator within the scope of its administrative functions under the Plan
shall be final and binding on all parties who have an interest in the
Discretionary Option Grant or Stock Issuance Program under its jurisdiction or
any stock option or stock issuance thereunder.

                  E. Service on the Primary Committee or the Secondary Committee
shall constitute service as a Board member, and members of each such committee
shall accordingly be entitled to full indemnification and reimbursement as Board
members for their service on such committee. No member of the Primary Committee
or the Secondary

                                       2.
<PAGE>   3
Committee shall be liable for any act or omission made in good faith with
respect to the Plan or any option grants or stock issuances under the Plan.

                  F. Administration of the Automatic Option Grant Program shall
be self- executing in accordance with the terms of that program, and no Plan
Administrator shall exercise any discretionary functions with respect to option
grants made thereunder.

         IV. ELIGIBILITY

                  A. The persons eligible to participate in the Discretionary
Option Grant and Stock Issuance Programs are as follows:

                           (i) Employees, and

                           (ii) non-employee members of the Board (other than
         those serving as members of the Primary Committee) or the board of
         directors of any Parent or Subsidiary, and

                           (iii) consultants and other independent advisors who
         provide services to the Corporation (or any Parent or Subsidiary).

                  B. Each Plan Administrator shall, within the scope of its
administrative jurisdiction under the Plan, have full authority (subject to the
provisions of the Plan) to determine, (i) with respect to the option grants
under the Discretionary Option Grant Program, which eligible persons are to
receive option grants, the time or times when such option grants are to be made,
the number of shares to be covered by each such grant, the status of the granted
option as either an Incentive Option or a Non-Statutory Option, the time or
times at which each option is to become exercisable, the vesting schedule (if
any) applicable to the option shares and the maximum term for which the option
is to remain outstanding and (ii) with respect to stock issuances under the
Stock Issuance Program, which eligible persons are to receive stock issuances,
the time or times when such issuances are to be made, the number of shares to be
issued to each Participant, the vesting schedule (if any) applicable to the
issued shares and the consideration to be paid for such shares.

                  C. The Plan Administrator shall have the absolute discretion
either to grant options in accordance with the Discretionary Option Grant
Program or to effect stock issuances in accordance with the Stock Issuance
Program.

         V. STOCK SUBJECT TO THE PLAN

                  A. The stock issuable under the Plan shall be shares of
authorized but unissued or reacquired Common Stock, including shares repurchased
by the Corporation on the open market. The maximum number of shares of Common
Stock which may be issued over the term of the Plan shall not exceed 5,625,000
shares. Such authorized share reserve

                                       3.
<PAGE>   4
is comprised of (i) the number of shares which remain available for issuance, as
of the Plan Effective Date, under the Predecessor Plan as last approved by the
Corporation's stockholders, including the shares subject to the outstanding
options to be incorporated into the Plan and the additional shares available for
future grant, plus (ii) an additional increase of 218,591 shares authorized by
the Board but subject to stockholder approval prior to the Section 12
Registration Date.

                  B. No one person participating in the Plan may receive
options, separately exercisable stock appreciation rights and direct stock
issuances for more than 500,000 shares of Common Stock in the aggregate per
calendar year, beginning with the 1996 calendar year.

                  C. Shares of Common Stock subject to outstanding options shall
be available for subsequent issuance under the Plan to the extent (i) the
options (including any options incorporated from the Predecessor Plan) expire or
terminate for any reason prior to exercise in full or (ii) the options are
cancelled in accordance with the cancellation-regrant provisions of Article
Two. All shares issued under the Plan (including shares issued upon exercise of
options incorporated from the Predecessor Plan), whether or not those shares are
subsequently repurchased or cancelled by the Corporation pursuant to its
repurchase or cancellation rights under the Plan, shall reduce on a
share-for-share basis the number of shares of Common Stock available for
subsequent issuance under the Plan. In addition, should the exercise price of an
option under the Plan (including any option incorporated from the Predecessor
Plan) be paid with shares of Common Stock, then the number of shares of Common
Stock available for issuance under the Plan shall be reduced by the gross number
of shares for which the option is exercised or which vest under the stock
issuance, and not by the net number of shares of Common Stock issued to the
holder of such option or stock issuance.

                  D. Should any change be made to the Common Stock by reason of
any stock split, stock dividend, recapitalization, combination of shares,
exchange of shares or other change affecting the outstanding Common Stock as a
class without the Corporation's receipt of consideration, appropriate
adjustments shall be made to (i) the maximum number and/or class of securities
issuable under the Plan, (ii) the maximum number and/or class of securities for
which any one person may be granted options, separately exercisable stock
appreciation rights and direct stock issuances in the aggregate per calendar
year, (iii) the number and/or class of securities for which automatic option
grants are to be subsequently made per Eligible Director under the Automatic
Option Grant Program and (iv) the number and/or class of securities and the
exercise price per share in effect under each outstanding option (including any
option incorporated from the Predecessor Plan) in order to prevent the dilution
or enlargement of benefits thereunder. The adjustments determined by the Plan
Administrator shall be final, binding and conclusive.

                                       4.
<PAGE>   5
                                   ARTICLE TWO

                       DISCRETIONARY OPTION GRANT PROGRAM


         I. OPTION TERMS

                  Each option shall be evidenced by one or more documents in the
form approved by the Plan Administrator; provided, however, that each such
document shall comply with the terms specified below. Each document evidencing
an Incentive Option shall, in addition, be subject to the provisions of the Plan
applicable to such options.

                  A. Exercise Price.

                           1. The exercise price per share shall be fixed by the
Plan Administrator but shall not be less than eighty five percent (85%) of the
Fair Market Value per share of Common Stock on the option grant date.

                           2. The exercise price shall become immediately due
upon exercise of the option and shall, subject to the provisions of Section I of
Article Five and the documents evidencing the option, be payable in one or more
of the forms specified below:

                           (i) cash or check made payable to the Corporation,

                           (ii) shares of Common Stock held for the requisite
         period necessary to avoid a charge to the Corporation's earnings for
         financial reporting purposes and valued at Fair Market Value on the
         Exercise Date, or

                           (iii) to the extent the option is exercised for
         vested shares, through a special sale and remittance procedure pursuant
         to which the Optionee shall concurrently provide irrevocable written
         instructions to (a) a Corporation-designated brokerage firm to effect
         the immediate sale of the purchased shares and remit to the
         Corporation, out of the sale proceeds available on the settlement date,
         sufficient funds to cover the aggregate exercise price payable for the
         purchased shares plus all applicable Federal, state and local income
         and employment taxes required to be withheld by the Corporation by
         reason of such exercise and (b) the Corporation to deliver the
         certificates for the purchased shares directly to such brokerage firm
         in order to complete the sale transaction.

                  Except to the extent such sale and remittance procedure is
utilized, payment of the exercise price for the purchased shares must be made on
the Exercise Date.

                                       5.
<PAGE>   6
                  B. Exercise and Term of Options. Each option shall be
exercisable at such time or times, during such period and for such number of
shares as shall be determined by the Plan Administrator and set forth in the
documents evidencing the option. However, no option shall have a term in excess
of ten (10) years measured from the option grant date.

                  C. Effect of Termination of Service.

                           1. The following provisions shall govern the exercise
of any options held by the Optionee at the time of cessation of Service or
death:

                           (i) Any option outstanding at the time of the
         Optionee's cessation of Service for any reason shall remain exercisable
         for such period of time thereafter as shall be determined by the Plan
         Administrator and set forth in the documents evidencing the option, but
         no such option shall be exercisable after the expiration of the option
         term.

                           (ii) Any option exercisable in whole or in part by
         the Optionee at the time of death may be exercised subsequently by the
         personal representative of the Optionee's estate or by the person or
         persons to whom the option is transferred pursuant to the Optionee's
         will or in accordance with the laws of descent and distribution.

                           (iii) During the applicable post-Service exercise
         period, the option may not be exercised in the aggregate for more than
         the number of vested shares for which the option is exercisable on the
         date of the Optionee's cessation of Service. Upon the expiration of the
         applicable exercise period or (if earlier) upon the expiration of the
         option term, the option shall terminate and cease to be outstanding for
         any vested shares for which the option has not been exercised. However,
         the option shall, immediately upon the Optionee's cessation of Service,
         terminate and cease to be outstanding to the extent the option is not
         otherwise at that time exercisable for vested shares.

                           (iv) Should the Optionee's Service be terminated for
         Misconduct, then all outstanding options held by the Optionee shall
         terminate immediately and cease to be outstanding.

                           2. The Plan Administrator shall have the discretion,
exercisable either at the time an option is granted or at any time while the
option remains outstanding, to:

                           (i) extend the period of time for which the option is
         to remain exercisable following the Optionee's cessation of Service
         from the period otherwise in effect for that option to such greater
         period of time as the

                                       6.
<PAGE>   7
         Plan Administrator shall deem appropriate, but in no event beyond the
         expiration of the option term, and/or

                           (ii) permit the option to be exercised, during the
         applicable post-Service exercise period, not only with respect to the
         number of vested shares of Common Stock for which such option is
         exercisable at the time of the Optionee's cessation of Service but also
         with respect to one or more additional installments in which the
         Optionee would have vested under the option had the Optionee continued
         in Service.

                  D. Stockholder Rights. The holder of an option shall have no
stockholder rights with respect to the shares subject to the option until such
person shall have exercised the option, paid the exercise price and become a
holder of record of the purchased shares.

                  E. Repurchase Rights. The Plan Administrator shall have the
discretion to grant options which are exercisable for unvested shares of Common
Stock. Should the Optionee cease Service while holding such unvested shares, the
Corporation shall have the right to repurchase, at the exercise price paid per
share, any or all of those unvested shares. The terms upon which such repurchase
right shall be exercisable (including the period and procedure for exercise and
the appropriate vesting schedule for the purchased shares) shall be established
by the Plan Administrator and set forth in the document evidencing such
repurchase right.

                  F. Limited Transferability of Options. During the lifetime of
the Optionee, the option shall be exercisable only by the Optionee and shall not
be assignable or transferable other than by will or by the laws of descent and
distribution following the Optionee's death. However, a Non-Statutory Option may
be assigned in whole or in part during the Optionee's lifetime in accordance
with the terms of a Qualified Domestic Relations Order. The assigned portion may
only be exercised by the person or persons who acquire a proprietary interest in
the option pursuant to such Qualified Domestic Relations Order. The terms
applicable to the assigned portion shall be the same as those in effect for the
option immediately prior to such assignment and shall be set forth in such
documents issued to the assignee as the Plan Administrator may deem appropriate.


         II. INCENTIVE OPTIONS

                  The terms specified below shall be applicable to all Incentive
Options. Except as modified by the provisions of this Section II, all the
provisions of Articles One, Two and Five shall be applicable to Incentive
Options. Options which are specifically designated as Non-Statutory Options when
issued under the Plan shall not be subject to the terms of this Section II.

                  A. Eligibility. Incentive Options may only be granted to
Employees.

                                       7.
<PAGE>   8
                  B. Exercise Price. The exercise price per share shall not be
less than one hundred percent (100%) of the Fair Market Value per share of
Common Stock on the option grant date.

                  C. Dollar Limitation. The aggregate Fair Market Value of the
shares of Common Stock (determined as of the respective date or dates of grant)
for which one or more options granted to any Employee under the Plan (or any
other option plan of the Corporation or any Parent or Subsidiary) may for the
first time become exercisable as Incentive Options during any one (1) calendar
year shall not exceed the sum of One Hundred Thousand Dollars ($100,000). To the
extent the Employee holds two (2) or more such options which become exercisable
for the first time in the same calendar year, the foregoing limitation on the
exercisability of such options as Incentive Options shall be applied on the
basis of the order in which such options are granted.

                  D. 10% Stockholder. If any Employee to whom an Incentive
Option is granted is a 10% Stockholder, then the exercise price per share shall
not be less than one hundred ten percent (110%) of the Fair Market Value per
share of Common Stock on the option grant date, and the option term shall not
exceed five (5) years measured from the option grant date.

         III. CORPORATE TRANSACTION/CHANGE IN CONTROL

                  A. In the event of any Corporate Transaction, each outstanding
option shall automatically accelerate so that each such option shall,
immediately prior to the effective date of the Corporate Transaction, become
fully exercisable for all of the shares of Common Stock at the time subject to
such option and may be exercised for any or all of those shares as fully-vested
shares of Common Stock. However, an outstanding option shall not so accelerate
if and to the extent: (i) such option is, in connection with the Corporate
Transaction, either to be assumed by the successor corporation (or parent
thereof) or to be replaced with a comparable option to purchase shares of the
capital stock of the successor corporation (or parent thereof), (ii) such option
is to be replaced with a cash incentive program of the successor corporation
which preserves the spread existing on the unvested option shares at the time of
the Corporate Transaction and provides for subsequent payout in accordance with
the same vesting schedule applicable to such option or (iii) the acceleration of
such option is subject to other limitations imposed by the Plan Administrator at
the time of the option grant. The determination of option comparability under
clause (i) above shall be made by the Plan Administrator, and its determination
shall be final, binding and conclusive.

                  B. All outstanding repurchase rights shall also terminate
automatically, and the shares of Common Stock subject to those terminated rights
shall immediately vest in full, in the event of any Corporate Transaction,
except to the extent: (i) those repurchase rights are to be assigned to the
successor corporation (or parent thereof) in connection with such

                                       8.
<PAGE>   9
Corporate Transaction or (ii) such accelerated vesting is precluded by other
limitations imposed by the Plan Administrator at the time the repurchase right
is issued.

                  C. Immediately following the consummation of the Corporate
Transaction, all outstanding options shall terminate and cease to be
outstanding, except to the extent assumed by the successor corporation (or
parent thereof).

                  D. Each option which is assumed in connection with a Corporate
Transaction shall be appropriately adjusted, immediately after such Corporate
Transaction, to apply to the number and class of securities which would have
been issuable to the Optionee in consummation of such Corporate Transaction had
the option been exercised immediately prior to such Corporate Transaction.
Appropriate adjustments to reflect such Corporate Transaction shall also be made
to (i) the exercise price payable per share under each outstanding option,
provided the aggregate exercise price payable for such securities shall remain
the same, (ii) the maximum number and/or class of securities available for
issuance over the remaining term of the Plan and (iii) the maximum number and/or
class of securities for which any one person may be granted stock options,
separately exercisable stock appreciation rights and direct stock issuances in
the aggregate under the Plan per calendar year.

                  E. The Plan Administrator shall have full power and authority
to grant options under the Discretionary Option Grant Program which will
automatically accelerate in whole or in part in the event the Optionee's Service
subsequently terminates by reason of an Involuntary Termination within twelve
(12) months following the effective date of any Corporate Transaction in which
those options are assumed or replaced and do not otherwise accelerate. Any
options so accelerated shall remain exercisable for fully-vested shares until
the earlier of (i) the expiration of the option term or (ii) the expiration of
the one (1)-year period measured from the effective date of the Involuntary
Termination. In addition, the Plan Administrator may provide that one or more of
the Corporation's outstanding repurchase rights with respect to shares held by
the Optionee at the time of such Involuntary Termination shall immediately
terminate in whole or in part, and the shares subject to those terminated rights
shall accordingly vest.

                  F. The Plan Administrator shall have full power and authority
to grant options under the Discretionary Option Grant Program which will
automatically accelerate in whole or in part in the event the Optionee's Service
subsequently terminates by reason of an Involuntary Termination within twelve
(12) months following the effective date of any Change in Control. Each option
so accelerated shall remain exercisable for fully-vested shares until the
earlier of (i) the expiration of the option term or (ii) the expiration of the
one (1)-year period measured from the effective date of the Involuntary
Termination. In addition, the Plan Administrator may provide that one or more of
the Corporation's outstanding repurchase rights with respect to shares held by
the Optionee at the time of such Involuntary Termination shall immediately
terminate in whole or in part, and the shares subject to those terminated rights
shall accordingly vest.

                                       9.
<PAGE>   10
                  G. The portion of any Incentive Option accelerated in
connection with a Corporate Transaction or Change in Control shall remain
exercisable as an Incentive Option only to the extent the applicable One Hundred
Thousand Dollar ($100,000) limitation is not exceeded. To the extent such dollar
limitation is exceeded, the accelerated portion of such option shall be
exercisable as a Statutory Option under the Federal tax laws.

                  H. The outstanding options shall in no way affect the right of
the Corporation to adjust, reclassify, reorganize or otherwise change its
capital or business structure or to merge, consolidate, dissolve, liquidate or
sell or transfer all or any part of its business or assets.

         IV. CANCELLATION AND REGRANT OF OPTIONS

                  The Plan Administrator shall have the authority to effect, at
any time and from time to time, with the consent of the affected option holders,
the cancellation of any or all outstanding options under the Discretionary
Option Grant Program (including outstanding options incorporated from the
Predecessor Plan) and to grant in substitution new options covering the same or
different number of shares of Common Stock but with an exercise price per share
based on the Fair Market Value per share of Common Stock on the new grant date.

         V. STOCK APPRECIATION RIGHTS

                  The Plan Administrator shall have full power and authority to
grant limited stock appreciation rights to one or more Section 16 Insiders with
respect to their outstanding options under this Article Two. Upon the occurrence
of a Hostile Take-Over, each Section 16 Officer holding one or more options with
such a limited stock appreciation right in effect for at least six (6) months
shall have the unconditional right (exercisable for a thirty (30)-day period
following such Hostile Take-Over) to surrender each such option to the
Corporation, to the extent the option is at the time exercisable for vested
shares of Common Stock. In return for the surrendered option, the Optionee shall
receive a cash distribution from the Corporation in an amount equal to the
excess of (A) the Take-Over Price of the shares of Common Stock which are at the
time vested under each surrendered option (or surrendered portion thereof) over
(B) the aggregate exercise price payable for those shares. Such cash
distribution shall be paid within five (5) days following the option surrender
date. Neither the approval of the Plan Administrator nor the consent of the
Board shall be required in connection with such option surrender and cash
distribution. The balance of the option (if any) shall continue in full force
and effect in accordance with the documents evidencing such option.

                                       10.
<PAGE>   11
                                  ARTICLE THREE

                             STOCK ISSUANCE PROGRAM


         I. STOCK ISSUANCE TERMS

                  Shares of Common Stock may be issued under the Stock Issuance
Program through direct and immediate issuances without any intervening option
grants. Each such stock issuance shall be evidenced by a Stock Issuance
Agreement which complies with the terms specified below.

                  A. Purchase Price.

                           1. The purchase price per share shall be fixed by the
Plan Administrator, but shall not be less than eighty five percent (85%) of the
Fair Market Value per share of Common Stock on the issuance date.

                           2. Subject to the provisions of Section I of Article
Five shares of Common Stock may be issued under the Stock Issuance Program for
any of the following items of consideration which the Plan Administrator may
deem appropriate in each individual instance:

                           (i) cash or check made payable to the Corporation, or

                           (ii) past services rendered to the Corporation (or
         any Parent or Subsidiary).

                  B. Vesting Provisions.

                           1. Shares of Common Stock issued under the Stock
Issuance Program may, in the discretion of the Plan Administrator, be fully and
immediately vested upon issuance or may vest in one or more installments over
the Participant's period of Service or upon attainment of specified performance
objectives. The elements of the vesting schedule applicable to any unvested
shares of Common Stock issued under the Stock Issuance Program, namely:

                           (i) the Service period to be completed by the
         Participant or the performance objectives to be attained,

                           (ii) the number of installments in which the shares
         are to vest,

                                       11.
<PAGE>   12
                           (iii) the interval or intervals (if any) which are to
         lapse between installments, and

                           (iv) the effect which death, Permanent Disability or
         other event designated by the Plan Administrator is to have upon the
         vesting schedule,

shall be determined by the Plan Administrator and incorporated into the Stock
Issuance Agreement.

                           2. Any new, substituted or additional securities or
other property (including money paid other than as a regular cash dividend)
which the Participant may have the right to receive with respect to the
Participant's unvested shares of Common Stock by reason of any stock dividend,
stock split, recapitalization, combination of shares, exchange of shares or
other change affecting the outstanding Common Stock as a class without the
Corporation's receipt of consideration shall be issued subject to (i) the same
vesting requirements applicable to the Participant's unvested shares of Common
Stock and (ii) such escrow arrangements as the Plan Administrator shall deem
appropriate.

                           3. The Participant shall have full stockholder rights
with respect to any shares of Common Stock issued to the Participant under the
Stock Issuance Program, whether or not the Participant's interest in those
shares is vested. Accordingly, the Participant shall have the right to vote such
shares and to receive any regular cash dividends paid on such shares.

                           4. Should the Participant cease to remain in Service
while holding one or more unvested shares of Common Stock issued under the Stock
Issuance Program or should the performance objectives not be attained with
respect to one or more such unvested shares of Common Stock, then those shares
shall be immediately surrendered to the Corporation for cancellation, and the
Participant shall have no further stockholder rights with respect to those
shares. To the extent the surrendered shares were previously issued to the
Participant for consideration paid in cash or cash equivalent (including the
Participant's purchase-money indebtedness), the Corporation shall repay to the
Participant the cash consideration paid for the surrendered shares and shall
cancel the unpaid principal balance of any outstanding purchase-money note of
the Participant attributable to the surrendered shares.

                           5. The Plan Administrator may in its discretion waive
the surrender and cancellation of one or more unvested shares of Common Stock
(or other assets attributable thereto) which would otherwise occur upon the
cessation of the Participant's Service or the non-attainment of the performance
objectives applicable to those shares.

                                       12.
<PAGE>   13
Such waiver shall result in the immediate vesting of the Participant's interest
in the shares of Common Stock as to which the waiver applies. Such waiver may be
effected at any time, whether before or after the Participant's cessation of
Service or the attainment or non-attainment of the applicable performance
objectives.

         II. CORPORATE TRANSACTION/CHANGE IN CONTROL

                  A. All of the Corporation's outstanding
repurchase/cancellation rights under the Stock Issuance Program shall terminate
automatically, and all the shares of Common Stock subject to those terminated
rights shall immediately vest in full, in the event of any Corporate
Transaction, except to the extent (i) those repurchase/cancellation rights are
to be assigned to the successor corporation (or parent thereof) in connection
with such Corporate Transaction or (ii) such accelerated vesting is precluded by
other limitations imposed in the Stock Issuance Agreement.

                  B. The Plan Administrator shall have the discretionary
authority, exercisable either at the time the unvested shares are issued or any
time while the Corporation's repurchase/cancellation rights remain outstanding
under the Stock Issuance Program, to provide that those rights shall
automatically terminate in whole or in part, and the shares of Common Stock
subject to those terminated rights shall immediately vest, in the event the
Participant's Service should subsequently terminate by reason of an Involuntary
Termination within twelve (12) months following the effective date of any
Corporate Transaction in which those repurchase/cancellation rights are assigned
to the successor corporation (or parent thereof).

                  C. The Plan Administrator shall have the discretionary
authority, exercisable either at the time the unvested shares are issued or any
time while the Corporation's repurchase/cancellation rights remain outstanding
under the Stock Issuance Program, to provide that those rights shall
automatically terminate in whole or in part, and the shares of Common Stock
subject to those terminated rights shall immediately vest, in the event the
Participant's Service should subsequently terminate by reason of an Involuntary
Termination within twelve (12) months following the effective date of any Change
in Control.

         III. SHARE ESCROW/LEGENDS

                  Unvested shares may, in the Plan Administrator's discretion,
be held in escrow by the Corporation until the Participant's interest in such
shares vests or may be issued directly to the Participant with restrictive
legends on the certificates evidencing those unvested shares.

                                       13.
<PAGE>   14
                                  ARTICLE FOUR

                         AUTOMATIC OPTION GRANT PROGRAM

         I. ELIGIBILITY

                  A. Eligible Directors. The individuals eligible to participate
in the Automatic Option Grant Program as Eligible Directors shall be limited to
(i) those individuals who first become non-employee Board members on or after
the Underwriting Date, whether through appointment by the Board or election by
the Corporation's stockholders and (ii) those individuals who continue to serve
as non-employee Board members through one or more Annual Stockholders Meetings
held after the Underwriting Date. However, no non-employee Board member who is
affiliated, whether as a partner, principal, officer or employee, with an entity
which owns two percent (2%) or more of the shares of any class of the
Corporation's outstanding stock shall qualify as an Eligible Director for
purposes of the Automatic Option Grant Program and shall not be entitled to
receive any automatic option grants under this Article Four.

                  B. Other Plans. No individual serving on the Primary Committee
shall be eligible to receive option grants or direct stock issuances under the
Plan or any other stock option, stock appreciation, stock bonus or other stock
plan of the Corporation (or any Parent or Subsidiary), other than pursuant to
the Automatic Option Grant Program under this Article Four.

         II. OPTION TERMS

                  A. Grant Dates. Option grants shall be made on the following
dates:

                           1. Each individual who is first elected or appointed
as a non-employee Board member on or after the Underwriting Date shall
automatically be granted, on the date of such initial election or appointment, a
Non-Statutory Option to purchase 7,500 shares of Common Stock, provided such
individual is an Eligible Director and has not previously been in the employ of
the Corporation (or any Parent or Subsidiary).

                           2. On the date of each Annual Stockholders Meeting
held after the Underwriting Date, each individual who is to continue to serve as
an Eligible Director, whether or not that individual is standing for re-election
to the Board at that particular Annual Meeting, shall automatically be granted a
Non-Statutory Option to purchase 3,750 shares of Common Stock, provided such
individual has served as a non-employee Board member for at least six (6)
months. There shall be no limit on the number of such 3,750-share option grants
any one Eligible Director may receive over his or her period of Board service,
and non-employee Board members who have previously been in the employ of the
Corporation (or any Parent or Subsidiary) or who have otherwise received a stock
option

                                       14.
<PAGE>   15
grant from the Corporation prior to the Underwriting Date shall be eligible to
receive one or more such annual option grants over their period of continued
Board service.

                  B. Exercise Price.

                           1. The exercise price per share shall be equal to one
hundred percent (100%) of the Fair Market Value per share of Common Stock on the
option grant date.

                           2. The exercise price shall be payable in one or more
of the alternative forms authorized under the Discretionary Option Grant
Program. Except to the extent the sale and remittance procedure specified
thereunder is utilized, payment of the exercise price for the purchased shares
must be made on the Exercise Date.

                  C. Option Term. Each option shall have a term of ten (10)
years measured from the option grant date.

                  D. Exercise and Vesting of Options. Each option shall be
immediately exercisable for any or all of the option shares. However, any shares
purchased under the option shall be subject to repurchase by the Corporation, at
the exercise price paid per share, upon the Optionee's cessation of Board
service prior to vesting in those shares. Each initial 7,500-share grant shall
vest, and the Corporation's repurchase right shall lapse, in a series of four
(4) successive equal annual installments over the Optionee's period of continued
service as a Board member, with the first such installment to vest upon the
Optionee's completion of one (1) year of Board service measured from the option
grant date. Each annual 3,750-share grant shall vest, and the Corporation's
repurchase right shall lapse, in a series of four (4) successive equal annual
installments over the Optionee's period of continued service as a Board member,
with the first such installment to vest upon the Optionee's completion of one
(1) year of Board service measured from the option grant date.

                  E. Effect of Termination of Board Service. The following
provisions shall govern the exercise of any options held by the Optionee at the
time the Optionee ceases to serve as a Board member:

                           (i) Should Optionee cease to serve as a Board member
         for any reason (other than death or Permanent Disability) while holding
         one or more options under this Article Four, then Optionee shall have a
         period of six (6) months (commencing with the date of such cessation of
         Board service) during which to exercise each such option. However,
         should Optionee die during such six (6)-month period, then the personal
         representative of Optionee's estate or the person or persons to whom
         the option is transferred pursuant to Optionee's will or in accordance
         with the laws of descent and distribution shall have the right to
         exercise each such option for a period

                                       15.
<PAGE>   16
         twelve (12)-month period measured from the date of Optionee's death. In
         no event shall any such option be exercisable at any time after the
         expiration date of the option term. During the applicable six (6)-month
         or twelve (12)-month exercise period, no option may be exercised in
         the aggregate for more than the number of vested shares of Common Stock
         for which that option is exercisable at the time of the Optionee's
         cessation of Board service.

                           (ii) Should Optionee cease Board service by reason of
         death or Permanent Disability while holding one or more options under
         this Article Four, then all shares at the time subject to each such
         option shall immediately vest so that such option may be exercised for
         all or any portion of those shares as fully-vested shares of Common
         Stock. If such cessation of Board service occurs by reason of Permanent
         Disability, then Optionee shall have a period of six (6) months
         (commencing with the date of such cessation of Board service) during
         which to exercise the option. If such cessation of Board service occurs
         by reason of the Optionee's death, then the personal representative of
         Optionee's estate or the person or persons to whom the option is
         transferred pursuant to Optionee's will or in accordance with the laws
         of descent and distribution shall have the right to exercise the option
         for a period twelve (12)-month period measured from the date of
         Optionee's death. In no event, however, shall any such option be
         exercisable at any time after the expiration date of the option term.

                           (iii) Upon the expiration of the applicable exercise
         period or (if earlier) upon the expiration of the option term, each
         option shall terminate and cease to be outstanding for any vested
         shares for which that option has not been exercised. However, each
         option shall, immediately upon the Optionee's cessation of Board
         service for any reason other than death or Permanent Disability,
         terminate and cease to be outstanding to the extent the option is not
         otherwise at that time exercisable for vested shares.

         III. CORPORATE TRANSACTION/CHANGE IN CONTROL/HOSTILE TAKE-OVER

                  A. In the event of any Corporate Transaction, the shares of
Common Stock at the time subject to each outstanding option but not otherwise
vested shall automatically vest in full so that each such option shall,
immediately prior to the effective date of the Corporate Transaction, become
fully exercisable for all of the shares of Common Stock at the time subject to
such option and may be exercised for all or any portion of those shares as
fully-vested shares of Common Stock. Immediately following the consummation of
the Corporate Transaction, each automatic option grant shall terminate and cease
to be outstanding, except to the extent assumed by the successor corporation (or
parent thereof).

                                       16.
<PAGE>   17
                  B. In connection with any Change in Control, the shares of
Common Stock at the time subject to each outstanding option but not otherwise
vested shall automatically vest in full so that each such option shall,
immediately prior to the effective date of the Change in Control, become fully
exercisable for all of the shares of Common Stock at the time subject to such
option and may be exercised for all or any portion of those shares as
fully-vested shares of Common Stock. Each such option shall remain exercisable
for such fully-vested option shares until the expiration or sooner termination
of the option term or the surrender of the option in connection with a Hostile
Take-Over.

                  C. Upon the occurrence of a Hostile Take-Over, the Optionee
shall have a thirty (30)-day period in which to surrender to the Corporation
each automatic option held by him or her for a period of at least six (6)
months. The Optionee shall in return be entitled to a cash distribution from the
Corporation in an amount equal to the excess of (i) the Take-Over Price of the
shares of Common Stock at the time subject to the surrendered option (whether or
not the Optionee is otherwise at the time vested in those shares) over (ii) the
aggregate exercise price payable for such shares. Such cash distribution shall
be paid within five (5) days following the surrender of the option to the
Corporation. No approval or consent of the Board or any Plan Administrator shall
be required in connection with such option surrender and cash distribution.

                  D. Each option which is assumed in connection with a Corporate
Transaction shall be appropriately adjusted, immediately after such Corporate
Transaction, to apply to the number and class of securities which would have
been issuable to the Optionee in consummation of such Corporate Transaction had
the option been exercised immediately prior to such Corporate Transaction.
Appropriate adjustments shall also be made to the exercise price payable per
share under each outstanding option, provided the aggregate exercise price
payable for such securities shall remain the same.

                  E. The grant of options under the Automatic Option Grant
Program shall in no way affect the right of the Corporation to adjust,
reclassify, reorganize or otherwise change its capital or business structure or
to merge, consolidate, dissolve, liquidate or sell or transfer all or any part
of its business or assets.

         IV. AMENDMENT OF THE AUTOMATIC OPTION GRANT PROGRAM

                  The provisions of this Automatic Option Grant Program,
together with the option grants outstanding thereunder, may not be amended at
intervals more frequently than once every six (6) months, other than to the
extent necessary to comply with applicable Federal income tax laws and
regulations.

                                       17.
<PAGE>   18
         V. REMAINING TERMS

                  The remaining terms of each option granted under the Automatic
Option Grant Program shall be the same as the terms in effect for option grants
made under the Discretionary Option Grant Program.

                                       18.
<PAGE>   19
                                  ARTICLE FIVE

                                  MISCELLANEOUS


         I. FINANCING

                  A. The Plan Administrator may permit any Optionee or
Participant to pay the option exercise price under the Discretionary Option
Grant Program or purchase price of shares issued under the Stock Issuance
Program by delivering a full-recourse, interest-bearing promissory note payable
in one or more installments. The terms of any such promissory note (including
the interest rate and the terms of repayment) shall be established by the Plan
Administrator in its sole discretion. In no event, however, shall the maximum
credit available to the Optionee or Participant exceed the sum of (i) the
aggregate option exercise price or purchase price payable for the purchased
shares plus (ii) any Federal, state and local income and employment tax
liability incurred by the Optionee or the Participant in connection with the
option exercise or share purchase.

                  B. The Plan Administrator may, in its discretion, determine
that one or more such promissory notes shall be subject to forgiveness by the
Corporation in whole or in part upon such terms as the Plan Administrator may
deem appropriate.

         II. TAX WITHHOLDING

                  The Corporation's obligation to deliver shares of Common Stock
upon the exercise of stock options or stock appreciation rights or upon the
issuance or vesting of such shares under the Plan shall be subject to the
satisfaction of all applicable Federal, state and local income and employment
tax withholding requirements.

         III. EFFECTIVE DATE AND TERM OF THE PLAN

                  A. The Plan shall become effective with respect to the
Discretionary Grant and the Stock Issuance Programs on the Plan Effective Date.
The automatic Option Grant Program under the Plan shall become effective on the
Underwriting Date. Options may be granted under the Discretionary Option Grant
Program at any time on or after the Plan Effective Date, and the initial options
under the Automatic Option Grant Program shall be made on the Underwriting Date
to each Eligible Director at that time. However, no options granted under the
Plan may be exercised, and no shares shall be issued under the Plan, until the
Plan is approved by the Corporation's stockholders. If such stockholder approval
is not obtained within twelve (12) months after the Plan Effective Date, then
all options previously granted under this Plan shall terminate and cease to be
outstanding, and no further options shall be granted and no shares shall be
issued under the Plan.

                                       19.
<PAGE>   20
                  B. The Plan shall serve as the successor to the Predecessor
Plan, and no further option grants shall be made under the Predecessor Plan
after the Underwriting Date. All options outstanding under the Predecessor Plan
on the Underwriting Date shall be incorporated into the Plan at that time and
shall be treated as outstanding options under the Plan. However, each
outstanding option so incorporated shall continue to be governed solely by the
terms of the documents evidencing such option, and no provision of the Plan
shall be deemed to affect or otherwise modify the rights or obligations of the
holders of such incorporated options with respect to their acquisition of shares
of Common Stock.

                  C. One or more provisions of the Plan, including (without
limitation) the option/vesting acceleration provisions of Article Two relating
to Corporate Transactions and Changes in Control, may, in the Plan
Administrator's discretion, be extended to one or more options incorporated from
the Predecessor Plan which do not otherwise contain such provisions.

                  D. The Plan shall terminate upon the earliest of (i) April 30,
2006, (ii) the date on which all shares available for issuance under the Plan
shall have been issued pursuant to the exercise of the options or the issuance
of shares (whether vested or unvested) under the Plan or (iii) the termination
of all outstanding options in connection with a Corporate Transaction. Upon such
Plan termination, all outstanding stock options and unvested stock issuances
shall continue to have force and effect in accordance with the provisions of the
documents evidencing such options or issuances.

         IV. AMENDMENT OF THE PLAN

                  A. The Board shall have complete and exclusive power and
authority to amend or modify the Plan in any or all respects. However, (i) no
such amendment or modification shall adversely affect any rights and obligations
with respect to options, stock appreciation rights or unvested stock issuances
at the time outstanding under the Plan unless the Optionee or the Participant
consents to such amendment or modification, and (ii) any amendment made to the
Automatic Option Grant Program (or any options outstanding thereunder) shall be
in compliance with the limitations of that program. In addition, the Board shall
not, without the approval of the Corporation's stockholders, (i) materially
increase the maximum number of shares issuable under the Plan, the number of
shares for which options may be granted under the Automatic Option Grant
Program, or the maximum number of shares for which any one person may be granted
options, separately exercisable stock appreciation rights and direct stock
issuances per calendar year, except for permissible adjustments in the event of
certain changes in the Corporation's capitalization, (ii) materially modify the
eligibility requirements for Plan participation or (iii) materially increase the
benefits accruing to Plan participants.

                  B. Options to purchase shares of Common Stock may be granted
under the Discretionary Option Grant Program and shares of Common Stock may be
issued under the Stock Issuance Program that are in each instance in excess of
the number of shares then

                                       20.
<PAGE>   21
available for issuance under the Plan, provided any excess shares actually
issued under those programs are held in escrow until there is obtained
stockholder approval of an amendment sufficiently increasing the number of
shares of Common Stock available for issuance under the Plan. If such
stockholder approval is not obtained within twelve (12) months after the date
the first such excess grants or issuances are made, then (i) any unexercised
options granted on the basis of such excess shares shall terminate and cease to
be outstanding and (ii) the Corporation shall promptly refund to the Optionees
and the Participants the exercise or purchase price paid for any excess shares
issued under the Plan and held in escrow, together with interest (at the
applicable Short Term Federal Rate) for the period the shares were held in
escrow, and such shares shall thereupon be automatically cancelled and cease to
be outstanding.

         V. USE OF PROCEEDS

                  Any cash proceeds received by the Corporation from the sale of
shares of Common Stock under the Plan shall be used for general corporate
purposes.

         VI. REGULATORY APPROVALS

                  A. The implementation of the Plan, the granting of any option
or stock appreciation right under the Plan and the issuance of any shares of
Common Stock (i) upon the exercise of any option or stock appreciation right or
(ii) under the Stock Issuance Program shall be subject to the Corporation's
procurement of all approvals and permits required by regulatory authorities
having jurisdiction over the Plan, the options and stock appreciation rights
granted under it and the shares of Common Stock issued pursuant to it.

                  B. No shares of Common Stock or other assets shall be issued
or delivered under the Plan unless and until there shall have been compliance
with all applicable requirements of Federal and state securities laws, including
the filing and effectiveness of the Form S-8 registration statement for the
shares of Common Stock issuable under the Plan, and all applicable listing
requirements of any stock exchange (or the Nasdaq National Market, if
applicable) on which Common Stock is then listed for trading.

         VII. NO EMPLOYMENT/SERVICE RIGHTS

                  Nothing in the Plan shall confer upon the Optionee or the
Participant any right to continue in Service for any period of specific duration
or interfere with or otherwise restrict in any way the rights of the Corporation
(or any Parent or Subsidiary employing or retaining such person) or of the
Optionee or the Participant, which rights are hereby expressly reserved by each,
to terminate such person's Service at any time for any reason, with or without
cause.

                                       21.
<PAGE>   22
                                    APPENDIX


                  The following definitions shall be in effect under the Plan:

         A. AUTOMATIC OPTION GRANT PROGRAM shall mean the automatic option grant
program in effect under the Plan.

         B. BOARD shall mean the Corporation's Board of Directors.

         C. CHANGE IN CONTROL shall mean a change in ownership or control of the
Corporation effected through either of the following transactions:

                           (i) the acquisition, directly or indirectly, by any
         person or related group of persons (other than the Corporation or a
         person that directly or indirectly controls, is controlled by, or is
         under common control with, the Corporation), of beneficial ownership
         (within the meaning of Rule 13d-3 of the 1934 Act) of securities
         possessing more than fifty percent (50%) of the total combined voting
         power of the Corporation's outstanding securities pursuant to a tender
         or exchange offer made directly to the Corporation's stockholders which
         the Board does not recommend such stockholders to accept, or

                           (ii) a change in the composition of the Board over a
         period of thirty-six (36) consecutive months or less such that a
         majority of the Board members ceases, by reason of one or more
         contested elections for Board membership, to be comprised of
         individuals who either (A) have been Board members continuously since
         the beginning of such period or (B) have been elected or nominated for
         election as Board members during such period by at least a majority of
         the Board members described in clause (A) who were still in office at
         the time the Board approved such election or nomination.

         D. CODE shall mean the Internal Revenue Code of 1986, as amended.

         E. COMMON STOCK shall mean the Corporation's common stock.

         F. CORPORATE TRANSACTION shall mean either of the following
stockholder-approved transactions to which the Corporation is a party:

                           (i) a merger or consolidation in which securities
         possessing more than fifty percent (50%) of the total combined voting
         power of the Corporation's outstanding securities are transferred to a
         person or persons different from the persons holding those securities
         immediately prior to such transaction; or

                                      A-1.
<PAGE>   23
                           (ii) the sale, transfer or other disposition of all
         or substantially all of the Corporation's assets in complete
         liquidation or dissolution of the Corporation.

         G. CORPORATION shall mean Infoseek Corporation, a California
corporation, and any corporate successor to all or substantially all of the
assets or voting stock of Infoseek Corporation which shall by appropriate action
adopt the Plan.

         H. DISCRETIONARY OPTION GRANT PROGRAM shall mean the discretionary
option grant program in effect under the Plan.

         I. DOMESTIC RELATIONS ORDER shall mean any judgment, decree or order
(including approval of a property settlement agreement) which provides or
otherwise conveys, pursuant to applicable State domestic relations laws
(including community property laws), marital property rights to any spouse or
former spouse of the Optionee.

         J. ELIGIBLE DIRECTOR shall mean a non-employee Board member eligible to
participate in the Automatic Option Grant Program in accordance with the
eligibility provisions of Article Four.

         K. EMPLOYEE shall mean an individual who is in the employ of the
Corporation (or any Parent or Subsidiary), subject to the control and direction
of the employer entity as to both the work to be performed and the manner and
method of performance.

         L. EXERCISE DATE shall mean the date on which the Corporation shall
have received written notice of the option exercise.

         M. FAIR MARKET VALUE per share of Common Stock on any relevant date
shall be determined in accordance with the following provisions:

                           (i) If the Common Stock is at the time traded on the
         Nasdaq National Market, then the Fair Market Value shall be the closing
         selling price per share of Common Stock on the date in question, as
         such price is reported by the National Association of Securities
         Dealers on the Nasdaq National Market or any successor system. If there
         is no closing selling price for the Common Stock on the date in
         question, then the Fair Market Value shall be the closing selling price
         on the last preceding date for which such quotation exists.

                           (ii) If the Common Stock is at the time listed on any
         Stock Exchange, then the Fair Market Value shall be the closing selling
         price per share of Common Stock on the date in question on the Stock
         Exchange determined by the Plan Administrator to be the primary market
         for the Common Stock, as such price is officially quoted in the
         composite tape of

                                      A-2.
<PAGE>   24
         transactions on such exchange. If there is no closing selling price for
         the Common Stock on the date in question, then the Fair Market Value
         shall be the closing selling price on the last preceding date for which
         such quotation exists.

                           (iii) For purposes of any option grants made on the
         Underwriting Date, the Fair Market Value shall be deemed to be equal to
         the price per share at which the Common Stock is to be sold in the
         initial public offering pursuant to the Underwriting Agreement.

                           (iv) For purposes of any option grants made prior to
         the Underwriting Date, the Fair Market Value shall be determined by the
         Plan Administrator, after taking into account such factors as it deems
         appropriate.

         N. HOSTILE TAKE-OVER shall mean a change in ownership of the
Corporation effected through the following transaction:

                           (i) the acquisition, directly or indirectly, by any
         person or related group of persons (other than the Corporation or a
         person that directly or indirectly controls, is controlled by, or is
         under common control with, the Corporation) of beneficial ownership
         (within the meaning of Rule 13d-3 of the 1934 Act) of securities
         possessing more than fifty percent (50%) of the total combined voting
         power of the Corporation's outstanding securities pursuant to a tender
         or exchange offer made directly to the Corporation's stockholders which
         the Board does not recommend such stockholders to accept, and

                           (ii) more than fifty percent (50%) of the securities
         so acquired are accepted from persons other than Section 16 Insiders.

         O. INCENTIVE OPTION shall mean an option which satisfies the
requirements of Code Section 422.

         P. INVOLUNTARY TERMINATION shall mean the termination of the Service of
any individual which occurs by reason of:

                           (i) such individual's involuntary dismissal or
         discharge by the Corporation for reasons other than Misconduct, or

                           (ii) such individual's voluntary resignation
         following (A) a change in his or her position with the Corporation
         which materially reduces his or her level of responsibility, (B) a
         reduction in his or her level of compensation (including base salary,
         fringe benefits and participation in corporate-performance based bonus
         or incentive programs) by more than

                                      A-3.
<PAGE>   25
         fifteen percent (15%) or (C) a relocation of such individual's place of
         employment by more than fifty (50) miles, provided and only if such
         change, reduction or relocation is effected by the Corporation without
         the individual's consent.

         Q. MISCONDUCT shall mean the commission of any act of fraud,
embezzlement or dishonesty by the Optionee or Participant, any unauthorized use
or disclosure by such person of confidential information or trade secrets of the
Corporation (or any Parent or Subsidiary), or any other intentional misconduct
by such person adversely affecting the business or affairs of the Corporation
(or any Parent or Subsidiary) in a material manner. The foregoing definition
shall not be deemed to be inclusive of all the acts or omissions which the
Corporation (or any Parent or Subsidiary) may consider as grounds for the
dismissal or discharge of any Optionee, Participant or other person in the
Service of the Corporation (or any Parent or Subsidiary).

         R. 1934 ACT shall mean the Securities Exchange Act of 1934, as amended.

         S. NON-STATUTORY OPTION shall mean an option not intended to satisfy
the requirements of Code Section 422.

         T. OPTIONEE shall mean any person to whom an option is granted under
the Discretionary Option Grant or Automatic Option Grant Programs.

         U. PARENT shall mean any corporation (other than the Corporation) in an
unbroken chain of corporations ending with the Corporation, provided each
corporation in the unbroken chain (other than the Corporation) owns, at the time
of the determination, stock possessing fifty percent (50%) or more of the total
combined voting power of all classes of stock in one of the other corporations
in such chain.

         V. PARTICIPANT shall mean any person who is issued shares of Common
Stock under the Stock Issuance Program.

         W. PERMANENT DISABILITY OR PERMANENTLY DISABLED shall mean the
inability of the Optionee or the Participant to engage in any substantial
gainful activity by reason of any medically determinable physical or mental
impairment expected to result in death or to be of continuous duration of twelve
(12) months or more. However, solely for the purposes of the Automatic Option
Grant Program, Permanent Disability or Permanently Disabled shall mean the
inability of the non-employee Board member to perform his or her usual duties as
a Board member by reason of any medically determinable physical or mental
impairment expected to result in death or to be of continuous duration of twelve
(12) months or more.

         X. PLAN shall mean the Corporation's 1996 Stock Option/Stock Issuance
Plan, as set forth in this document.

                                      A-4.
<PAGE>   26
         Y. PLAN ADMINISTRATOR shall mean the particular entity, whether the
Primary Committee, the Board or the Secondary Committee, which is authorized to
administer the Discretionary Option Grant and Stock Issuance Programs with
respect to one or more classes of eligible persons, to the extent such entity is
carrying out its administrative functions under those programs with respect to
the persons under its jurisdiction.

         Z. PLAN EFFECTIVE DATE shall mean the date on which the Plan is adopted
by the Board.

         AA. PREDECESSOR PLAN shall mean the Corporation's existing Stock
Option Plan.

         AB. PRIMARY COMMITTEE shall mean the committee of two (2) or more
non-employee Board members appointed by the Board to administer the
Discretionary Option Grant and Stock Issuance Programs with respect to Section
16 Insiders.

         AC. QUALIFIED DOMESTIC RELATIONS ORDER shall mean a Domestic Relations
Order which substantially complies with the requirements of Code Section 414(p).
The Plan Administrator shall have the sole discretion to determine whether a
Domestic Relations Order is a Qualified Domestic Relations Order.

         AD. SECONDARY COMMITTEE shall mean a committee of two (2) or more Board
members appointed by the Board to administer the Discretionary Option Grant and
Stock Issuance Programs with respect to eligible persons other than Section 16
Insiders.

         AE. SECTION 16 INSIDER shall mean an officer or director of the
Corporation subject to the short-swing profit liabilities of Section 16 of the
1934 Act.

         AF. SECTION 12 REGISTRATION DATE shall mean the first date on which the
Common Stock is registered under Section 12(g) of the 1934 Act.

         AG. SERVICE shall mean the provision of services to the Corporation (or
any Parent or Subsidiary) by a person in the capacity of an Employee, a
non-employee member of the board of directors or a consultant or independent
advisor, except to the extent otherwise specifically provided in the documents
evidencing the option grant or stock issuance.

         AH. STOCK EXCHANGE shall mean either the American Stock Exchange or the
New York Stock Exchange.

         AI. STOCK ISSUANCE AGREEMENT shall mean the agreement entered into by
the Corporation and the Participant at the time of issuance of shares of Common
Stock under the Stock Issuance Program.

         AJ. STOCK ISSUANCE PROGRAM shall mean the stock issuance program in
effect under the Plan.

                                      A-5.
<PAGE>   27
         AK. SUBSIDIARY shall mean any corporation (other than the Corporation)
in an unbroken chain of corporations beginning with the Corporation, provided
each corporation (other than the last corporation) in the unbroken chain owns,
at the time of the determination, stock possessing fifty percent (50%) or more
of the total combined voting power of all classes of stock in one of the other
corporations in such chain.

         AL. TAKE-OVER PRICE shall mean the greater of (i) the Fair Market Value
per share of Common Stock on the date the option is surrendered to the
Corporation in connection with a Hostile Take-Over or (ii) the highest reported
price per share of Common Stock paid by the tender offeror in effecting such
Hostile Take-Over. However, if the surrendered option is an Incentive Option,
the Take-Over Price shall not exceed the clause (i) price per share.

         AM. 10% STOCKHOLDER shall mean the owner of stock (as determined under
Code Section 424(d)) possessing more than ten percent (10%) of the total
combined voting power of all classes of stock of the Corporation (or any Parent
or Subsidiary).

         AN. UNDERWRITING AGREEMENT shall mean the agreement between the
Corporation and the underwriter or underwriters managing the initial public
offering of the Common Stock.

         AO. UNDERWRITING DATE shall mean the date on which the Underwriting
Agreement is executed and priced in connection with an initial public offering
of the Common Stock.

                                      A-6.

<PAGE>   1
                              INFOSEEK CORPORATION
                         NOTICE OF GRANT OF STOCK OPTION


                  Notice is hereby given of the following option grant (the
"Option") to purchase shares of the Common Stock of Infoseek Corporation (the
"Corporation"):

                  Optionee:  

                  Grant Date:  

                  Vesting Commencement Date: 

                  Exercise Price:  $    per share

                  Number of Option Shares:        shares

                  Expiration Date:  

                  Type of Option:     ____  Incentive Stock Option

                                      ____  Non-Statutory Stock Option

                  Exercise Schedule: The Option shall become exercisable with
                  respect to twenty-five percent (25%) of the Option Shares upon
                  Optionee's completion of one (1) year of Service measured from
                  the Vesting Commencement Date and shall become exercisable for
                  the balance of the Option Shares in thirty-six (36) successive
                  equal monthly installments upon Optionee's completion of each
                  month of Service over the thirty-six (36) month period
                  measured from the first anniversary of the Vesting
                  Commencement Date. In no event shall the Option become
                  exercisable for any additional Option Shares after Optionee's
                  cessation of Service.

                  Optionee understands and agrees that the Option is granted
subject to and in accordance with the terms of the Infoseek, Inc. 1996 Stock
Option/Stock Issuance Plan (the "Plan"). Optionee further agrees to be bound by
the terms of the Plan and the terms of the Option as set forth in the Stock
Option Agreement attached hereto as Exhibit A.

                  Optionee hereby acknowledges receipt of a copy of the official
prospectus for the Plan in the form attached hereto as Exhibit B. A copy of the
Plan is available upon request made to the Corporate Secretary at the
Corporation's principal offices.
<PAGE>   2
                  No Employment or Service Contract. Nothing in this Notice or
in the attached Stock Option Agreement or in the Plan shall confer upon Optionee
any right to continue in Service for any period of specific duration or
interfere with or otherwise restrict in any way the rights of the Corporation
(or any Parent or Subsidiary employing or retaining Optionee) or of Optionee,
which rights are hereby expressly reserved by each, to terminate Optionee's
Service at any time for any reason, with or without cause.

                  Definitions. All capitalized terms in this Notice shall have
the meaning assigned to them in this Notice or in the attached Stock Option
Agreement.

__________________________________, 199___
         Date


                                            INFOSEEK CORPORATION


                                            By:________________________________

                                            Title:_____________________________



                                            ___________________________________
                                                        OPTIONEE

                                            Address:___________________________

                                            ___________________________________




ATTACHMENTS
EXHIBIT A - STOCK OPTION AGREEMENT
EXHIBIT B - PLAN SUMMARY AND PROSPECTUS

                                       2.

<PAGE>   1
                              INFOSEEK CORPORATION
                             STOCK OPTION AGREEMENT


RECITALS

         A. The Board has adopted the Plan for the purpose of retaining the
services of selected Employees, non-employee members of the Board or of the
board of directors of any Parent or Subsidiary and consultants and other
independent advisors who provide services to the Corporation (or any Parent or
Subsidiary).

         B. Optionee is to render valuable services to the Corporation (or a
Parent or Subsidiary), and this Agreement is executed pursuant to, and is
intended to carry out the purposes of, the Plan in connection with the
Corporation's grant of an option to Optionee.

         C. All capitalized terms in this Agreement shall have the meaning
assigned to them in the attached Appendix.

                  NOW, THEREFORE, it is hereby agreed as follows:

                  1. GRANT OF OPTION. The Corporation hereby grants to Optionee,
as of the Grant Date, an option to purchase up to the number of Option Shares
specified in the Grant Notice. The Option Shares shall be purchasable from time
to time during the option term specified in Paragraph 2 at the Exercise Price.

                  2. OPTION TERM. This option shall have a term of ten (10)
years measured from the Grant Date and shall accordingly expire at the close of
business on the Expiration Date, unless sooner terminated in accordance with
Paragraph 5 or 6.

                  3. LIMITED TRANSFERABILITY. This option shall be neither
transferable nor assignable by Optionee other than by will or by the laws of
descent and distribution following Optionee's death and may be exercised, during
Optionee's lifetime, only by Optionee. However, if this option is designated a
Non-Statutory Option in the Grant Notice, then this option may also be assigned
in whole or in part during Optionee's lifetime in accordance with the terms of a
Qualified Domestic Relations Order. The assigned portion shall be exercisable
only by the person or persons who acquire a proprietary interest in the option
pursuant to such Qualified Domestic Relations Order. The terms applicable to the
assigned portion shall be the same as those in effect for this option
immediately prior to such assignment and shall be set forth in such documents
issued to the assignee as the Plan Administrator may deem appropriate.
<PAGE>   2
                  4. DATES OF EXERCISE. This option shall become exercisable for
the Option Shares in one or more installments as specified in the Grant Notice.
As the option becomes exercisable for such installments, those installments
shall accumulate and the option shall remain exercisable for the accumulated
installments until the Expiration Date or sooner termination of the option term
under Paragraph 5 or 6.

                  5. CESSATION OF SERVICE. The option term specified in
Paragraph 2 shall terminate (and this option shall cease to be outstanding)
prior to the Expiration Date should any of the following provisions become
applicable:

                           (a) Should Optionee cease to remain in Service for
         any reason (other than death, Permanent Disability or Misconduct) while
         this option is outstanding, then Optionee shall have a period of sixty
         (60) days (commencing with the date of such cessation of Service)
         during which to exercise this option, but in no event shall this option
         be exercisable at any time after the Expiration Date.

                           (b) Should Optionee die while this option is
         outstanding, then the personal representative of Optionee's estate or
         the person or persons to whom the option is transferred pursuant to
         Optionee's will or in accordance with the laws of descent and
         distribution shall have the right to exercise this option. Such right
         shall lapse, and this option shall cease to be outstanding, upon the
         earlier of (A) the expiration of the twelve (12)-month period measured
         from the date of Optionee's death or (B) the Expiration Date.

                           (c) Should Optionee cease Service by reason of
         Permanent Disability while this option is outstanding, then Optionee
         shall have a period of twelve (12) months (commencing with the date of
         such cessation of Service) during which to exercise this option. In no
         event shall this option be exercisable at any time after the Expiration
         Date.

                           (d) During the limited period of post-Service
         exercisability, this option may not be exercised in the aggregate for
         more than the number of vested Option Shares for which the option is
         exercisable at the time of Optionee's cessation of Service. Upon the
         expiration of such limited exercise period or (if earlier) upon the
         Expiration Date, this option shall terminate and cease to be
         outstanding for any vested Option Shares for which the option has not
         been exercised. However, this option shall, immediately upon Optionee's
         cessation of Service for any reason, terminate and cease to be
         outstanding with respect to Option Shares in which Optionee is not
         otherwise at that time vested or for which this option is not otherwise
         at that time exercisable.

                                       2.
<PAGE>   3
                           (e) Should Optionee's Service be terminated for
         Misconduct, then this option shall terminate immediately and cease to
         remain outstanding.

                  6. SPECIAL ACCELERATION OF OPTION.

                           (a) This option, to the extent outstanding at the
time of a Corporate Transaction but not otherwise fully exercisable, shall
automatically accelerate so that this option shall, immediately prior to the
effective date of the Corporate Transaction, become exercisable for all of the
Option Shares at the time subject to this option and may be exercised for any or
all of those Option Shares as fully-vested shares of Common Stock. No such
acceleration of this option, however, shall occur if and to the extent: (i) this
option is, in connection with the Corporate Transaction, either to be assumed by
the successor corporation (or parent thereof) or to be replaced with a
comparable option to purchase shares of the capital stock of the successor
corporation (or parent thereof) or (ii) this option is to be replaced with a
cash incentive program of the successor corporation which preserves the spread
existing on the Option Shares at the time of the Corporate Transaction (the
excess of the Fair Market Value of those Option Shares over the aggregate
Exercise Price payable for such shares) and provides for subsequent pay-out in
accordance with the option exercise schedule set forth in the Grant Notice. The
determination of option comparability under clause (i) shall be made by the Plan
Administrator, and such determination shall be final, binding and conclusive.

                           (b) Immediately following the Corporate Transaction,
this option shall terminate and cease to be outstanding, except to the extent
assumed by the successor corporation (or parent thereof) in connection with the
Corporate Transaction.

                           (c) If this option is assumed in connection with a
Corporate Transaction, then this option shall be appropriately adjusted,
immediately after such Corporate Transaction, to apply to the number and class
of securities which would have been issuable to Optionee in consummation of such
Corporate Transaction had the option been exercised immediately prior to such
Corporate Transaction, and appropriate adjustments shall also be made to the
Exercise Price, provided the aggregate Exercise Price shall remain the same.

                           (d) This Agreement shall not in any way affect the
right of the Corporation to adjust, reclassify, reorganize or otherwise change
its capital or business structure or to merge, consolidate, dissolve, liquidate
or sell or transfer all or any part of its business or assets.

                  7. ADJUSTMENT IN OPTION SHARES. Should any change be made to
the Common Stock by reason of any stock split, stock dividend, recapitalization,
combination of shares, exchange of shares or other change affecting the
outstanding Common Stock as a class without the Corporation's receipt of
consideration, appropriate adjustments shall be made to (i) the total number
and/or class of securities subject to this option and (ii) the

                                       3.
<PAGE>   4
Exercise Price in order to reflect such change and thereby preclude a dilution
or enlargement of benefits hereunder.

                  8. STOCKHOLDER RIGHTS. The holder of this option shall not
have any stockholder rights with respect to the Option Shares until such person
shall have exercised the option, paid the Exercise Price and become a holder of
record of the purchased shares.

                  9. MANNER OF EXERCISING OPTION.

                           (a) In order to exercise this option with respect to
all or any part of the Option Shares for which this option is at the time
exercisable, Optionee (or any other person or persons exercising the option)
must take the following actions:

                                    (i) Execute and deliver to the Corporation a
         Notice of Exercise for the Option Shares for which the option is
         exercised.

                                    (ii) Pay the aggregate Exercise Price for
         the purchased shares in one or more of the following forms:

                                             (A) cash or check made payable to
                  the Corporation;

                                             (B) a promissory note payable to
                  the Corporation, but only to the extent authorized by the Plan
                  Administrator in accordance with Paragraph 13;

                                             (C) shares of Common Stock held by
                  Optionee (or any other person or persons exercising the
                  option) for the requisite period necessary to avoid a charge
                  to the Corporation's earnings for financial reporting purposes
                  and valued at Fair Market Value on the Exercise Date; or

                                             (D) to the extent the option is
                  exercised for vested Option Shares, through a special sale and
                  remittance procedure pursuant to which Optionee (or any other
                  person or persons exercising the option) shall concurrently
                  provide irrevocable written instructions (I) to a
                  Corporation-designated brokerage firm to effect the immediate
                  sale of the purchased shares and remit to the Corporation, out
                  of the sale proceeds available on the settlement date,
                  sufficient funds to cover the aggregate Exercise Price payable
                  for the purchased shares plus all applicable Federal, state
                  and local income and employment taxes required to be withheld
                  by the Corporation by reason of such exercise and (II) to the
                  Corporation to deliver the certificates for the purchased

                                       4.
<PAGE>   5
                  shares directly to such brokerage firm in order to complete
                  the sale transaction.

                           Except to the extent the sale and remittance
                  procedure is utilized in connection with the option exercise,
                  payment of the Exercise Price must accompany the Notice of
                  Exercise delivered to the Corporation in connection with the
                  option exercise.

                                    (iii) Furnish to the Corporation appropriate
         documentation that the person or persons exercising the option (if
         other than Optionee) have the right to exercise this option.

                                    (iv) Make appropriate arrangements with the
         Corporation (or Parent or Subsidiary employing or retaining Optionee)
         for the satisfaction of all Federal, state and local income and
         employment tax withholding requirements applicable to the option
         exercise.

                           (b) As soon as practical after the Exercise Date, the
Corporation shall issue to or on behalf of Optionee (or any other person or
persons exercising this option) a certificate for the purchased Option Shares,
with the appropriate legends affixed thereto.

                           (c) In no event may this option be exercised for any
fractional shares.

                  10. COMPLIANCE WITH LAWS AND REGULATIONS.

                           (a) The exercise of this option and the issuance of
the Option Shares upon such exercise shall be subject to compliance by the
Corporation and Optionee with all applicable requirements of law relating
thereto and with all applicable regulations of any stock exchange (or the Nasdaq
National Market, if applicable) on which the Common Stock may be listed for
trading at the time of such exercise and issuance.

                           (b) The inability of the Corporation to obtain
approval from any regulatory body having authority deemed by the Corporation to
be necessary to the lawful issuance and sale of any Common Stock pursuant to
this option shall relieve the Corporation of any liability with respect to the
non-issuance or sale of the Common Stock as to which such approval shall not
have been obtained. The Corporation, however, shall use its best efforts to
obtain all such approvals.

                  11. SUCCESSORS AND ASSIGNS. Except to the extent otherwise
provided in Paragraphs 3 and 6, the provisions of this Agreement shall inure to
the benefit of, and be binding upon, the Corporation and its successors and
assigns and Optionee, Optionee's assigns and the legal representatives, heirs
and legatees of Optionee's estate.

                                       5.
<PAGE>   6
                  12. NOTICES. Any notice required to be given or delivered to
the Corporation under the terms of this Agreement shall be in writing and
addressed to the Corporation at its principal corporate offices. Any notice
required to be given or delivered to Optionee shall be in writing and addressed
to Optionee at the address indicated below Optionee's signature line on the
Grant Notice. All notices shall be deemed effective upon personal delivery or
upon deposit in the U.S. mail, postage prepaid and properly addressed to the
party to be notified.

                  13. FINANCING. The Plan Administrator may, in its absolute
discretion and without any obligation to do so, permit Optionee to pay the
Exercise Price for the purchased Option Shares by delivering a promissory note
payable to the Corporation. The terms of any such promissory note (including the
interest rate, the requirements for collateral and the terms of repayment) shall
be established by the Plan Administrator in its sole discretion.

                  14. CONSTRUCTION. This Agreement and the option evidenced
hereby are made and granted pursuant to the Plan and are in all respects limited
by and subject to the terms of the Plan. All decisions of the Plan Administrator
with respect to any question or issue arising under the Plan or this Agreement
shall be conclusive and binding on all persons having an interest in this
option.

                  15. GOVERNING LAW. The interpretation, performance and
enforcement of this Agreement shall be governed by the laws of the State of
California without resort to that State's conflict-of-laws rules.

                  16. EXCESS SHARES. If the Option Shares covered by this
Agreement exceed, as of the Grant Date, the number of shares of Common Stock
which may without stockholder approval be issued under the Plan, then this
option shall be void with respect to those excess shares, unless stockholder
approval of an amendment sufficiently increasing the number of shares of Common
Stock issuable under the Plan is obtained in accordance with the provisions of
the Plan.

                  17. ADDITIONAL TERMS APPLICABLE TO AN INCENTIVE OPTION. In the
event this option is designated an Incentive Option in the Grant Notice, the
following terms and conditions shall also apply to the grant:

                           (a) This option shall cease to qualify for favorable
         tax treatment as an Incentive Option if (and to the extent) this option
         is exercised for one or more Option Shares: (A) more than three (3)
         months after the date Optionee ceases to be an Employee for any reason
         other than death or Permanent Disability or (B) more than twelve (12)
         months after the date Optionee ceases to be an Employee by reason of
         Permanent Disability.

                                       6.
<PAGE>   7
                           (b) No installment under this option shall qualify
         for favorable tax treatment as an Incentive Option if (and to the
         extent) the aggregate Fair Market Value (determined at the Grant Date)
         of the Common Stock for which such installment first becomes
         exercisable hereunder would, when added to the aggregate value
         (determined as of the respective date or dates of grant) of the Common
         Stock or other securities for which this option or any other Incentive
         Options granted to Optionee prior to the Grant Date (whether under the
         Plan or any other option plan of the Corporation or any Parent or
         Subsidiary) first become exercisable during the same calendar year,
         exceed One Hundred Thousand Dollars ($100,000) in the aggregate. Should
         such One Hundred Thousand Dollar ($100,000) limitation be exceeded in
         any calendar year, this option shall nevertheless become exercisable
         for the excess shares in such calendar year as a Non-Statutory Option.

                           (c) Should the exercisability of this option be
         accelerated upon a Corporate Transaction, then this option shall
         qualify for favorable tax treatment as an Incentive Option only to the
         extent the aggregate Fair Market Value (determined at the Grant Date)
         of the Common Stock for which this option first becomes exercisable in
         the calendar year in which the Corporate Transaction occurs does not,
         when added to the aggregate value (determined as of the respective date
         or dates of grant) of the Common Stock or other securities for which
         this option or one or more other Incentive Options granted to Optionee
         prior to the Grant Date (whether under the Plan or any other option
         plan of the Corporation or any Parent or Subsidiary) first become
         exercisable during the same calendar year, exceed One Hundred Thousand
         Dollars ($100,000) in the aggregate. Should the applicable One Hundred
         Thousand Dollar ($100,000) limitation be exceeded in the calendar year
         of such Corporate Transaction, the option may nevertheless be exercised
         for the excess shares in such calendar year as a Non-Statutory Option.

                           (d) Should Optionee hold, in addition to this option,
         one or more other options to purchase Common Stock which become
         exercisable for the first time in the same calendar year as this
         option, then the foregoing limitations on the exercisability of such
         options as Incentive Options shall be applied on the basis of the order
         in which such options are granted.

                  18. LEAVE OF ABSENCE. The following provisions shall apply
upon the Optionee's commencement of an authorized leave of absence:

                           (a) The exercise schedule in effect under the Grant
         Notice shall be frozen as of the first day of the authorized leave, and
         this option shall not become exercisable for any additional
         installments of the Option Shares during the period Optionee remains on
         such leave.

                                       7.
<PAGE>   8
                           (b) Should Optionee resume active Employee status
         within sixty (60) days after the start date of the authorized leave,
         Optionee shall, for purposes of the exercise schedule set forth in the
         Grant Notice, receive Service credit for the entire period of such
         leave. If Optionee does not resume active Employee status within such
         sixty (60)-day period, then no Service credit shall be given for the
         entire period of such leave.

                           (c) If the option is designated as an Incentive
         Option in the Grant Notice, then the following additional provision
         shall apply:

                                    - If the leave of absence continues for more
                  than ninety (90) days, then this option shall automatically
                  convert to a Non- Statutory Option under the Federal tax laws
                  on the ninety-first (91st) day of such leave, unless the
                  Optionee's reemployment rights are guaranteed by statute or by
                  written agreement. Following any such conversion of the
                  option, all subsequent exercises of such option, whether
                  effected before or after Optionee's return to active Employee
                  status, shall result in an immediate taxable event, and the
                  Corporation shall be required to collect from Optionee the
                  Federal, state and local income and employment withholding
                  taxes applicable to such exercise.

                           (d) In no event shall this option become exercisable
         for any additional Option Shares or otherwise remain outstanding if
         Optionee does not resume Employee status prior to the Expiration Date
         of the option term.

                                       8.
<PAGE>   9
                                    EXHIBIT I

                               NOTICE OF EXERCISE


                  I hereby notify Infoseek Corporation (the "Corporation") that
I elect to purchase __________ shares of the Corporation's Common Stock (the
"Purchased Shares") at the option exercise price of $__________ per share (the
"Exercise Price") pursuant to that certain option (the "Option") granted to me
under the Corporation's 1996 Stock Option/Stock Issuance Plan on
____________________, 199 ___.

                  Concurrently with the delivery of this Exercise Notice to the
Corporation, I shall hereby pay to the Corporation the Exercise Price for the
Purchased Shares in accordance with the provisions of my agreement with the
Corporation (or other documents) evidencing the Option and shall deliver
whatever additional documents may be required by such agreement as a condition
for exercise. Alternatively, I may utilize the special broker-dealer sale and
remittance procedure specified in my agreement to effect payment of the Exercise
Price.


____________________, 199_
Date

                                            ___________________________________
                                            Optionee

                                            Address:___________________________

                                            ___________________________________


Print name in exact manner
it is to appear on the
stock certificate:                          ___________________________________

Address to which certificate
is to be sent, if different
from address above:                         ___________________________________

                                            ___________________________________


Social Security Number:                     ___________________________________

Employee Number:                            ___________________________________
<PAGE>   10
                                    APPENDIX

                  The following definitions shall be in effect under the
Agreement:

         A. AGREEMENT shall mean this Stock Option Agreement.

         B. BOARD shall mean the Corporation's Board of Directors.

         C. CODE shall mean the Internal Revenue Code of 1986, as amended.

         D. COMMON STOCK shall mean the Corporation's common stock.

         E. CORPORATE TRANSACTION shall mean either of the following
stockholder-approved transactions to which the Corporation is a party:

                  (i) a merger or consolidation in which securities possessing
         more than fifty percent (50%) of the total combined voting power of the
         Corporation's outstanding securities are transferred to a person or
         persons different from the persons holding those securities immediately
         prior to such transaction, or

                  (ii) the sale, transfer or other disposition of all or
         substantially all of the Corporation's assets in complete liquidation
         or dissolution of the Corporation.

         F. CORPORATION shall mean Infoseek Corporation, a California
corporation.

         G. DOMESTIC RELATIONS ORDER shall mean any judgment, decree or order
(including approval of a property settlement agreement) which provides or
otherwise conveys, pursuant to applicable State domestic relations laws
(including community property laws), marital property rights to any spouse or
former spouse of the Optionee.

         H. EMPLOYEE shall mean an individual who is in the employ of the
Corporation (or any Parent or Subsidiary), subject to the control and direction
of the employer entity as to both the work to be performed and the manner and
method of performance.

         I. EXERCISE DATE shall mean the date on which the option shall have
been exercised in accordance with Paragraph 9 of the Agreement.

         J. EXERCISE PRICE shall mean the exercise price per share as specified
in the Grant Notice.

         K. EXPIRATION DATE shall mean the date on which the option expires as
specified in the Grant Notice.

                                      A-1.
<PAGE>   11
         L. FAIR MARKET VALUE per share of Common Stock on any relevant date
shall be determined in accordance with the following provisions:

                  (i) If the Common Stock is at the time traded on the Nasdaq
         National Market, then the Fair Market Value shall be the closing
         selling price per share of Common Stock on the date in question, as the
         price is reported by the National Association of Securities Dealers on
         the Nasdaq National Market or any successor system. If there is no
         closing selling price for the Common Stock on the date in question,
         then the Fair Market Value shall be the closing selling price on the
         last preceding date for which such quotation exists.

                  (ii) If the Common Stock is at the time listed on any Stock
         Exchange, then the Fair Market Value shall be the closing selling price
         per share of Common Stock on the date in question on the Stock Exchange
         determined by the Plan Administrator to be the primary market for the
         Common Stock, as such price is officially quoted in the composite tape
         of transactions on such exchange. If there is no closing selling price
         for the Common Stock on the date in question, then the Fair Market
         Value shall be the closing selling price on the last preceding date for
         which such quotation exists.

         M. GRANT DATE shall mean the date of grant of the option as specified
in the Grant Notice.

         N. GRANT NOTICE shall mean the Notice of Grant of Stock Option
accompanying the Agreement, pursuant to which Optionee has been informed of the
basic terms of the option evidenced hereby.

         O. INCENTIVE OPTION shall mean an option which satisfies the
requirements of Code Section 422.

         P. MISCONDUCT shall mean the commission of any act of fraud,
embezzlement or dishonesty by Optionee, any unauthorized use or disclosure by
Optionee of confidential information or trade secrets of the Corporation (or any
Parent or Subsidiary), or any other intentional misconduct by Optionee adversely
affecting the business or affairs of the Corporation (or any Parent or
Subsidiary) in a material manner. The foregoing definition shall not be deemed
to be inclusive of all the acts or omissions which the Corporation (or any
Parent or Subsidiary) may consider as grounds for the dismissal or discharge of
Optionee or any other individual in the Service of the Corporation (or any
Parent or Subsidiary).

                                      A-2.
<PAGE>   12
         Q. NON-STATUTORY OPTION shall mean an option not intended to satisfy
the requirements of Code Section 422.

         R. NOTICE OF EXERCISE shall mean the notice of exercise in the form
attached hereto as Exhibit I.

         S. OPTION SHARES shall mean the number of shares of Common Stock
subject to the option as specified in the Grant Notice.

         T. OPTIONEE shall mean the person to whom the option is granted as
specified in the Grant Notice.

         U. PARENT shall mean any corporation (other than the Corporation) in an
unbroken chain of corporations ending with the Corporation, provided each
corporation in the unbroken chain (other than the Corporation) owns, at the time
of the determination, stock possessing fifty percent (50%) or more of the total
combined voting power of all classes of stock in one of the other corporations
in such chain.

         V. PERMANENT DISABILITY shall mean the inability of Optionee to engage
in any substantial gainful activity by reason of any medically determinable
physical or mental impairment which is expected to result in death or has lasted
or can be expected to last for a continuous period of twelve (12) months or
more.

         W. PLAN shall mean the Corporation's 1996 Stock Option/Stock Issuance
Plan.

         X. PLAN ADMINISTRATOR shall mean either the Board or a committee of
Board members, to the extent the committee is at the time responsible for the
administration of the Plan.

         Y. QUALIFIED DOMESTIC RELATIONS ORDER shall mean a Domestic Relations
Order which substantially complies with the requirements of Code Section 414(p).
The Plan Administrator shall have the sole discretion to determine whether a
Domestic Relations Order is a Qualified Domestic Relations Order.

         Z. SERVICE shall mean the Optionee's performance of services for the
Corporation (or any Parent or Subsidiary) in the capacity of an Employee, a
non-employee member of the board of directors or a consultant or independent
advisor.

         AA. STOCK EXCHANGE shall mean the American Stock Exchange or the New
York Stock Exchange.

         AB. SUBSIDIARY shall mean any corporation (other than the Corporation)
in an unbroken chain of corporations beginning with the Corporation, provided
each corporation (other than the last corporation) in the unbroken chain owns,
at the time of the

                                      A-3.
<PAGE>   13
determination, stock possessing fifty percent (50%) or more of the total
combined voting power of all classes of stock in one of the other corporations
in such chain.

                                      A-4.

<PAGE>   1
                                    ADDENDUM
                                       TO
                             STOCK OPTION AGREEMENT

                  The following provisions are hereby incorporated into, and are
hereby made a part of, that certain Stock Option Agreement dated 2~ (the "Option
Agreement") by and between Infoseek Corporation (the "Corporation") and 1~
("Optionee") evidencing the stock option (the "Option") granted on such date to
Optionee under the terms of the Corporation's 1996 Stock Option/Stock Issuance
Plan, and such provisions shall be effective immediately. All capitalized terms
in this Addendum, to the extent not otherwise defined herein, shall have the
meanings assigned to them in the Option Agreement.

                        INVOLUNTARY TERMINATION FOLLOWING
                              CORPORATE TRANSACTION

                  1. Should there occur an Involuntary Termination of Optionee's
Service within twelve (12) months following a Corporate Transaction in which the
Option is assumed or replaced, then the Option (or replacement grant), to the
extent outstanding at the time but not otherwise fully exercisable, shall
automatically accelerate so that the Option shall immediately become exercisable
for all the Option Shares at the time subject to the Option and may be exercised
for any or all of those Option Shares as fully vested shares of Common Stock.
The Option shall remain so exercisable until the earlier of (i) the Expiration
Date of the option term or (ii) the expiration of the one (1)-year period
measured from the date of such Involuntary Termination.

                  2. For purposes of this Addendum, an INVOLUNTARY TERMINATION
shall mean the termination of Optionee's Service by reason of:

                           (i) Optionee's involuntary dismissal or discharge by
         the Corporation for reasons other than Misconduct, or

                           (ii) Optionee's voluntary resignation following (A) a
         change in Optionee's position with the Corporation (or Parent or
         Subsidiary employing Optionee) which materially reduces Optionee's
         level of responsibility, (B) a reduction in Optionee's level of
         compensation (including base salary, fringe benefits and participation
         in any corporate-performance based bonus or incentive programs) by more
         than fifteen percent (15%) or (C) a relocation of Optionee's place of
         employment by more than fifty (50) miles, provided and only if such
         change, reduction or relocation is effected by the Corporation without
         Optionee's consent.
<PAGE>   2
                  3. The provisions of Paragraph 1 of this Addendum shall govern
the period for which the Option (or the replacement grant) is to remain
exercisable following the Involuntary Termination of Optionee's Service within
twelve (12) months after the Corporate Transaction in which the Option is
assumed or replaced and shall supersede any provisions to the contrary in
Paragraph 5 of the Option Agreement.

                  IN WITNESS WHEREOF, Infoseek Corporation has caused this
Addendum to be executed by its duly-authorized officer, and Optionee has
executed this Addendum, all as of the Effective Date specified below.

                                            INFOSEEK CORPORATION

                                            By:________________________________

                                            Title:_____________________________


                                            ___________________________________
                                            OPTIONEE


EFFECTIVE DATE: __________________, 199

                                       2.

<PAGE>   1
                                    ADDENDUM
                                       TO
                             STOCK OPTION AGREEMENT

                  The following provisions are hereby incorporated into, and are
hereby made a part of, that certain Stock Option Agreement dated 2~ (the "Option
Agreement") by and between Infoseek Corporation (the "Corporation") and 1~
("Optionee") evidencing the stock option ( the "Option") granted on such date to
Optionee under the terms of the Corporation's 1996 Stock Option/Stock Issuance
Plan, and such provisions shall be effective immediately. All capitalized terms
in this Addendum, to the extent not otherwise defined herein, shall have the
meanings assigned to them in the Option Agreement.

                        INVOLUNTARY TERMINATION FOLLOWING
                                CHANGE IN CONTROL

                  1. The Option shall not accelerate upon the occurrence of a
Change in Control, and the Option shall, over Optionee's continued period of
Service after the Change in Control, continue to become exercisable for the
Option Shares in accordance with the provisions of the Option Agreement.
However, immediately upon an Involuntary Termination of Optionee's Service
within twelve (12) months following the Change in Control, the Option, to the
extent outstanding at the time but not otherwise fully exercisable, shall
automatically accelerate so that the Option shall immediately become fully
exercisable for all the Option Shares at the time subject to the Option and may
be exercised for any or all of those Option Shares as fully vested shares of
Common Stock. The Option shall remain so exercisable until the earlier of (i)
the Expiration Date or (ii) the expiration of the one (1)-year period measured
from the date of the Involuntary Termination.

                  2. For purposes of this Addendum, a CHANGE IN CONTROL shall be
deemed to occur in the event of a change in ownership or control of the
Corporation effected through either of the following transactions:

                           (i) the acquisition, directly or indirectly, by any
         person or related group of persons (other than the Corporation or a
         person that directly or indirectly controls, is controlled by, or is
         under common control with, the Corporation) of beneficial ownership
         (within the meaning of Rule 13d-3 of the Securities Exchange Act of
         1934, as amended) of securities possessing more than fifty percent
         (50%) of the total combined voting power of the Corporation's
         outstanding securities pursuant to a tender or exchange offer made
         directly to the Corporation's stockholders which the Board does not
         recommend such stockholders to accept, or

                           (ii) a change in the composition of the Board over a
         period of thirty-six (36) consecutive months or less such that a
         majority of the Board members ceases, by reason of one or more
         contested elections for Board
<PAGE>   2
         membership, to be comprised of individuals who either (A) have been
         Board members continuously since the beginning of such period or (B)
         have been elected or nominated for election as Board members during
         such period by at least a majority of the Board members described in
         clause (A) who were still in office at the time such election or
         nomination was approved by the Board.

                  3. For purposes of this Addendum, an INVOLUNTARY TERMINATION
shall mean the termination of Optionee's Service by reason of:

                           (i) Optionee's involuntary dismissal or discharge by
         the Corporation for reasons other than Misconduct, or

                           (ii) Optionee's voluntary resignation following (A) a
         change in Optionee's position with the Corporation (or Parent or
         Subsidiary employing Optionee) which materially reduces Optionee's
         level of responsibility, (B) a reduction in Optionee's level of
         compensation (including base salary, fringe benefits and participation
         in any corporate-performance based bonus or incentive programs) by more
         than fifteen percent (15%) or (C) a relocation of Optionee's place of
         employment by more than fifty (50) miles, provided and only if such
         change, reduction or relocation is effected by the Corporation without
         Optionee's consent.

                  4. The provisions of Paragraph 1 of this Addendum shall govern
the period for which the Option is to remain exercisable following the
Involuntary Termination of Optionee's Service within twelve (12) months after
the Change in Control and shall supersede any provisions to the contrary in
Paragraph 5 of the Option Agreement.

                  IN WITNESS WHEREOF, Infoseek Corporation has caused this
Addendum to be executed by its duly-authorized officer, and Optionee has
executed this Addendum, all as of the Effective Date specified below.


                                            INFOSEEK CORPORATION

                                            By:________________________________

                                            Title:_____________________________


                                            ___________________________________
                                            1~, OPTIONEE


EFFECTIVE DATE: __________________, 199

                                       2.

<PAGE>   1
                                                                  INITIAL GRANT

                              INFOSEEK CORPORATION
                    NOTICE OF GRANT OF NON-EMPLOYEE DIRECTOR
                             AUTOMATIC STOCK OPTION


                  Notice is hereby given of the following option grant (the
"Option") to purchase shares of the Common Stock of Infoseek Corporation (the
"Corporation"):

                  Optionee:  

                  Grant Date:  

                  Exercise Price:  $   per share

                  Number of Option Shares: 7,500 shares

                  Expiration Date:  

                  Type of Option:  Non-Statutory Stock Option

                  Date Exercisable:  Immediately Exercisable

                  Vesting Schedule: The Option Shares shall initially be
                  unvested and subject to repurchase by the Corporation at the
                  Exercise Price paid per share. Optionee shall acquire a
                  vested interest in, and the Corporation's repurchase right
                  shall accordingly lapse with respect to, the Option Shares
                  in a series of four (4) successive equal annual installments
                  upon Optionee's completion of each year of service as a
                  member of the Corporation's Board of Directors (the "Board")
                  over the four (4)-year period measured from the Grant Date.
                  In no event shall any additional Option Shares vest after
                  Optionee's cessation of Board service.

                  Optionee understands and agrees that the Option is granted
subject to and in accordance with the terms of the automatic option grant
program under the Infoseek Corporation 1996 Stock Option/Stock Issuance Plan
(the "Plan"). Optionee further agrees to be bound by the terms of the Plan and
the terms of the Option as set forth in the Automatic Stock Option Agreement
attached hereto as Exhibit A.

                  Optionee hereby acknowledges receipt of a copy of the official
prospectus for the Plan in the form attached hereto as Exhibit B. A copy of the
Plan is available upon request made to the Corporate Secretary at the
Corporation's principal offices.
<PAGE>   2
                  REPURCHASE RIGHT. OPTIONEE HEREBY AGREES THAT ALL UNVESTED
OPTION SHARES ACQUIRED UPON THE EXERCISE OF THE OPTION SHALL NOT BE TRANSFERABLE
AND SHALL BE SUBJECT TO REPURCHASE BY THE CORPORATION, AT THE EXERCISE PRICE
PAID PER SHARE, UPON OPTIONEE'S TERMINATION OF SERVICE AS A MEMBER OF THE
CORPORATION'S BOARD OF DIRECTORS. THE TERMS AND CONDITIONS OF SUCH REPURCHASE
RIGHT SHALL BE SPECIFIED IN A STOCK PURCHASE AGREEMENT, IN FORM AND SUBSTANCE
SATISFACTORY TO THE CORPORATION, EXECUTED BY OPTIONEE AT THE TIME OF THE OPTION
EXERCISE.

                  No Impairment of Rights. Nothing in this Notice or in the
attached Automatic Stock Option Agreement or the Plan shall interfere with or
otherwise restrict in any way the rights of the Corporation or the Corporation's
stockholders to remove Optionee from the Board at any time in accordance with
the provisions of applicable law.

                  Definitions. All capitalized terms in this Notice shall have
the meaning assigned to them in this Notice or in the attached Automatic Stock
Option Agreement.


__________________________________, 199___
         Date


                                            INFOSEEK CORPORATION


                                            By:________________________________

                                            Title:_____________________________



                                            ___________________________________
                                            1~, OPTIONEE

                                            Address:___________________________

                                            ___________________________________



ATTACHMENTS
EXHIBIT A - AUTOMATIC STOCK OPTION AGREEMENT
EXHIBIT B - PLAN SUMMARY AND PROSPECTUS

                                       2.

<PAGE>   1
                                                                   ANNUAL GRANT

                              INFOSEEK CORPORATION
                    NOTICE OF GRANT OF NON-EMPLOYEE DIRECTOR
                             AUTOMATIC STOCK OPTION


                  Notice is hereby given of the following option grant (the
"Option") to purchase shares of the Common Stock of Infoseek Corporation (the
"Corporation"):

                  Optionee:  

                  Grant Date:  

                  Exercise Price:  $   per share

                  Number of Option Shares: 3,750 shares

                  Expiration Date:  

                  Type of Option:  Non-Statutory Stock Option

                  Date Exercisable:  Immediately Exercisable

                  Vesting Schedule: The Option Shares shall initially be
                  unvested and subject to repurchase by the Corporation at the
                  Exercise Price paid per share. Optionee shall acquire a vested
                  interest in, and the Corporation's repurchase right shall
                  accordingly lapse with respect to, the Option Shares in a
                  series of four (4) successive equal annual installments upon
                  Optionee's completion of each year of service as a member of
                  the Corporation's Board of Directors (the "Board") over the
                  four (4)-year period measured from the Grant Date. In no event
                  shall any additional Option Shares vest after Optionee's
                  cessation of Board service.

                  Optionee understands and agrees that the Option is granted
subject to and in accordance with the terms of the automatic option grant
program under the Infoseek Corporation 1996 Stock Option/Stock Issuance Plan
(the "Plan"). Optionee further agrees to be bound by the terms of the Plan and
the terms of the Option as set forth in the Automatic Stock Option Agreement
attached hereto as Exhibit A.

                  Optionee hereby acknowledges receipt of a copy of the official
prospectus for the Plan in the form attached hereto as Exhibit B. A copy of the
Plan is available upon request made to the Corporate Secretary at the
Corporation's principal offices.
<PAGE>   2
                  REPURCHASE RIGHT. OPTIONEE HEREBY AGREES THAT ALL UNVESTED
OPTION SHARES ACQUIRED UPON THE EXERCISE OF THE OPTION SHALL NOT BE TRANSFERABLE
AND SHALL BE SUBJECT TO REPURCHASE BY THE CORPORATION, AT THE EXERCISE PRICE
PAID PER SHARE, UPON OPTIONEE'S TERMINATION OF SERVICE AS A MEMBER OF THE
CORPORATION'S BOARD OF DIRECTORS. THE TERMS AND CONDITIONS OF SUCH REPURCHASE
RIGHT SHALL BE SPECIFIED IN A STOCK PURCHASE AGREEMENT, IN FORM AND SUBSTANCE
SATISFACTORY TO THE CORPORATION, EXECUTED BY OPTIONEE AT THE TIME OF THE OPTION
EXERCISE.

                  No Impairment of Rights. Nothing in this Notice or in the
attached Automatic Stock Option Agreement or the Plan shall interfere with or
otherwise restrict in any way the rights of the Corporation or the Corporation's
stockholders to remove Optionee from the Board at any time in accordance with
the provisions of applicable law.

                  Definitions. All capitalized terms in this Notice shall have
the meaning assigned to them in this Notice or in the attached Automatic Stock
Option Agreement.


__________________________________, 199___
         Date


                                            INFOSEEK CORPORATION


                                            By:________________________________

                                            Title:_____________________________



                                            ___________________________________
                                            1~, OPTIONEE

                                            Address:___________________________

                                            ___________________________________



ATTACHMENTS
EXHIBIT A - AUTOMATIC STOCK OPTION AGREEMENT
EXHIBIT B - PLAN SUMMARY AND PROSPECTUS

                                       2.

<PAGE>   1
                              INFOSEEK CORPORATION
                        AUTOMATIC STOCK OPTION AGREEMENT


RECITALS

         A. The Corporation has implemented an automatic option grant program
under the Corporation's 1996 Stock Option/Stock Issuance Plan pursuant to which
eligible non-employee members of the Corporation's Board will automatically
receive special option grants at designated intervals over their period of Board
service in order to provide such individuals with a meaningful incentive to
continue to serve as a member of the Board.

         B. Optionee is an eligible non-employee Board member, and this
Agreement is executed pursuant to, and is intended to carry out the purposes of,
the Plan in connection with the automatic grant of a stock option to purchase
shares of the Corporation's Common Stock under the Plan.

         C. The granted option is intended to be a non-statutory option which
does not meet the requirements of Section 422 of the Internal Revenue Code.

         D. All capitalized terms in this Agreement, to the extent not otherwise
defined in the Agreement, shall have the meaning assigned to them in the
attached Appendix.

                  NOW, THEREFORE, it is hereby agreed as follows:

                  1. GRANT OF OPTION. The Corporation hereby grants to Optionee,
as of the Grant Date, a Non-Statutory Option to purchase up to the number of
Option Shares specified in the Grant Notice. The Option Shares shall be
purchasable from time to time during the option term specified in Paragraph 2 at
the Exercise Price.

                  2. OPTION TERM. This option shall have a maximum term of ten
(10) years measured from the Grant Date and shall accordingly expire at the
close of business on the Expiration Date, unless sooner terminated in accordance
with Paragraph 5, 6 or 7.

                  3. LIMITED TRANSFERABILITY. This option, together with the
special stock appreciation right provided under Paragraph 7(b), shall be neither
transferable nor assignable by Optionee, other than a transfer of this option
effected by will or by the laws of descent and distribution following Optionee's
death, and may be exercised, during Optionee's lifetime, only by Optionee.
However, this option may also be assigned in whole or in part during Optionee's
lifetime in accordance with the terms of a Qualified Domestic Relations Order.
The assigned portion of the option shall be exercisable only by the person or
persons who acquire a proprietary interest in the option pursuant to such
Qualified
<PAGE>   2
Domestic Relations Order. The terms applicable to the assigned portion shall be
the same as those in effect for this option immediately prior to such assignment
and shall be set forth in such documents issued to the assignee as the
Corporation may deem appropriate.

                  4. EXERCISABILITY/VESTING.

                           (a) This option shall be immediately exercisable for
any or all of the Option Shares, whether or not the Option Shares are vested in
accordance with the Vesting Schedule set forth on the Grant Notice, and shall
remain so exercisable until the Expiration Date or the sooner termination of the
option term under Paragraph 5, 6 or 7.

                           (b) Optionee shall, in accordance with the Vesting
Schedule set forth in the Grant Notice, vest in the Option Shares in a series of
installments over his or her period of Board service. Vesting in the Option
Shares may be accelerated pursuant to the provisions of Paragraph 5, 6 or 7. In
no event, however, shall any additional Option Shares vest following Optionee's
cessation of service as a Board member.

                  5. CESSATION OF BOARD SERVICE. Should Optionee's service as a
Board member cease while this option remains outstanding, then the option term
specified in Paragraph 2 shall terminate (and this option shall cease to be
outstanding) prior to the Expiration Date in accordance with the following
provisions:

                           (a) Should Optionee cease to serve as a Board member
         for any reason (other than death or Permanent Disability) while holding
         this option, then the period for exercising this option shall be
         reduced to a six (6)-month period commencing with the date of such
         cessation of Board service, but in no event shall this option be
         exercisable at any time after the Expiration Date. During such limited
         period of exercisability, this option may not be exercised in the
         aggregate for more than the number of Option Shares (if any) in which
         Optionee is vested on the date Optionee ceases service as a Board
         member. Upon the earlier of (i) the expiration of such six (6)-month
         period or (ii) the specified Expiration Date, the option shall
         terminate and cease to be exercisable with respect to any vested Option
         Shares for which the option has not been exercised.

                           (b) Should Optionee die during the six (6)-month
         period following his or her cessation of Board service, then the
         personal representative of Optionee's estate or the person or persons
         to whom the option is transferred pursuant to Optionee's will or in
         accordance with the laws of descent and distribution shall have the
         right to exercise this option for any or all of the Option Shares in
         which Optionee is vested at the time of Optionee's cessation of Board
         service (less any Option Shares purchased by Optionee after such
         cessation of Board service but prior to death). Such right of exercise
         shall terminate, and this option shall accordingly cease to be
         exercisable for such vested Option Shares, upon the earlier of (i) the
         expiration of

                                       2.
<PAGE>   3
         a twelve (12)-month period measured from the date of Optionee's death
         or (ii) the specified Expiration Date of the option term.

                           (c) Should Optionee cease service as a Board member
         by reason of death or Permanent Disability, then all Option Shares at
         the time subject to this option but not otherwise vested shall
         immediately vest in full so that Optionee (or the personal
         representative of Optionee's estate or the person or persons to whom
         the option is transferred upon Optionee's death) shall have the right
         to exercise this option for any or all of the Option Shares as
         fully-vested shares of Common Stock. If such cessation of Board service
         occurs by reason of Permanent Disability, then Optionee shall have a
         period of six (6) months (commencing with the date of such cessation of
         Board service) during which to exercise the option. If such cessation
         of Board service occurs by reason of the Optionee's death, then the
         personal representative of Optionee's estate or the person or persons
         to whom the option is transferred pursuant to Optionee's will or in
         accordance with the laws of descent and distribution shall have the
         right to exercise the option for a period twelve (12)-month period
         measured from the date of Optionee's death. In no event, however, shall
         any such option be exercisable at any time after the expiration date of
         the option term.

                           (d) Upon Optionee's cessation of Board service for
         any reason other than death or Permanent Disability, this option shall
         immediately terminate and cease to be outstanding with respect to any
         and all Option Shares in which Optionee is not otherwise at that time
         vested in accordance with the normal Vesting Schedule set forth in the
         Grant Notice or the special vesting acceleration provisions of
         Paragraph 6 or 7 below.

                  6. CORPORATE TRANSACTION.

                           (a) In the event of a Corporate Transaction, all
Option Shares at the time subject to this option but not otherwise vested shall
automatically vest so that this option shall, immediately prior to the specified
effective date for the Corporate Transaction, become exercisable for any or all
of those Option Shares as fully-vested shares of Common Stock. Immediately
following the consummation of the Corporate Transaction, this option shall
terminate and cease to be outstanding except to the extent assumed by the
successor corporation or its parent company.

                           (b) If this option is assumed in connection with a
Corporate Transaction, then this option shall be appropriately adjusted,
immediately after such Corporate Transaction, to apply to the number and class
of securities which would have been issuable to Optionee in consummation of such
Corporate Transaction had the option been exercised immediately prior to such
Corporate Transaction, and appropriate adjustments shall also be made to the
Exercise Price, provided the aggregate Exercise Price shall remain the same.

                                       3.
<PAGE>   4
                  7. CHANGE IN CONTROL/HOSTILE TAKE-OVER.

                  (a) All Option Shares subject to this option at the time of
a Change in Control but not otherwise vested shall automatically vest so that
this option shall, immediately prior to the effective date of such Change in
Control, become exercisable for any or all of those Option Shares as
fully-vested shares of Common Stock. This option shall remain exercisable for
such fully-vested Option Shares until the earliest to occur of (i) the specified
Expiration Date, (ii) the sooner termination of this option in accordance with
Paragraph 5 or 6 or (iii) the surrender of this option under Paragraph 7(b).

                  (b) Provided this option has been outstanding for at least six
(6) months prior to the occurrence of a Hostile Take-Over, Optionee shall have
an unconditional right (exercisable during the thirty (30)-day period
immediately following the consummation of such Hostile Take-Over) to surrender
this option to the Corporation in exchange for a cash distribution from the
Corporation in an amount equal to the excess of (i) the Take-Over Price of the
Option Shares at the time subject to the surrendered option (whether or not
those Option Shares are otherwise at the time vested) over (ii) the aggregate
Exercise Price payable for such shares. This Paragraph 7(b) limited stock
appreciation right shall in all events terminate upon the expiration or sooner
termination of the option term and may not be assigned or transferred by
Optionee.

                  (c) To exercise the Paragraph 7(b) limited stock appreciation
right, Optionee must, during the applicable thirty (30)-day exercise period,
provide the Corporation with written notice of the option surrender in which
there is specified the number of Option Shares as to which the Option is being
surrendered. Such notice must be accompanied by the return of Optionee's copy of
this Agreement, together with any written amendments to such Agreement. The cash
distribution shall be paid to Optionee within five (5) days following such
delivery date, and neither the approval of the Plan Administrator nor the
consent of the Board shall be required in connection with such option surrender
and cash distribution. Upon receipt of such cash distribution, this option shall
be cancelled with respect to the shares subject to the surrendered option (or
the surrendered portion), and Optionee shall cease to have any further right to
acquire those Option Shares under this Agreement. The option shall, however,
remain outstanding for the balance of the Option Shares (if any) in accordance
with the terms and provisions of this Agreement, and the Corporation shall
accordingly issue a new stock option agreement (substantially in the same form
as this Agreement) for those remaining Option Shares.

                  8. ADJUSTMENT IN OPTION SHARES. Should any change be made to
the Common Stock by reason of any stock split, stock dividend, recapitalization,
combination of shares, exchange of shares or other change affecting the
outstanding Common Stock as a class without the Corporation's receipt of
consideration, appropriate adjustments shall be made to (i) the total number
and/or class of securities subject to this option and (ii) the Exercise Price in
order to reflect such change and thereby preclude a dilution or

                                       4.
<PAGE>   5
enlargement of benefits hereunder; provided, however, that the aggregate
Exercise Price shall remain the same.

                  9. STOCKHOLDER RIGHTS. The holder of this option shall not
have any stockholder rights with respect to the Option Shares until such person
shall have exercised the option, paid the Exercise Price and become a holder of
record of the purchased shares.

                  10. MANNER OF EXERCISING OPTION.

                           (a) In order to exercise this option for all or any
part of the Option Shares for which the option is at the time exercisable,
Optionee or, in the case of exercise after Optionee's death, Optionee's
executor, administrator, heir or legatee, as the case may be, must take the
following actions:

                                    (i) To the extent the option is exercised
         for vested Option Shares, the Secretary of the Corporation shall be
         provided with written notice of the option exercise (the "Exercise
         Notice") in substantially the form of Exhibit I attached hereto, in
         which there is specified the number of vested Option Shares to be
         purchased under the exercised option. To the extent that the option is
         exercised for one or more unvested Option Shares, Optionee (or other
         person exercising the option) shall deliver to the Secretary of the
         Corporation a Purchase Agreement for those unvested Option Shares.

                                    (ii) The aggregate Exercise Price for the
         purchased shares shall be paid in one or more of the following
         alternative forms:

                                    - full payment in cash or check made payable
                  to the Corporation's order; or

                                    - full payment in shares of Common Stock
                  held by Optionee (or any other person or persons exercising
                  the option) for the requisite period necessary to avoid a
                  charge to the Corporation's earnings for financial reporting
                  purposes and valued at Fair Market Value on the Exercise Date;
                  or

                                    - to the extent the option is exercised for
                  vested Option Shares, full payment effected through a
                  broker-dealer sale and remittance procedure pursuant to which
                  Optionee shall provide irrevocable written instructions (A) to
                  a Corporation- designated brokerage firm to effect the
                  immediate sale of the vested shares purchased under the option
                  and remit to the Corporation, out of the sale proceeds
                  available on the settlement date, sufficient funds to cover
                  the aggregate Exercise Price payable for those shares plus the

                                       5.
<PAGE>   6
                  applicable Federal, state and local income taxes required to
                  be withheld by the Corporation by reason of such exercise and
                  (B) to the Corporation to deliver the certificates for the
                  purchased shares directly to such brokerage firm in order to
                  complete the sale.

                                    (iii) Appropriate documentation evidencing
         the right to exercise this option shall be furnished the Corporation if
         the person or persons exercising the option is other than Optionee.

                                    (iv) Appropriate arrangement must be made
         with the Corporation for the satisfaction of all Federal, state and
         local income tax withholding requirements applicable to the option
         exercise.

                           (b) Except to the extent the sale and remittance
procedure specified above is utilized in connection with the exercise of the
option for vested Option Shares, payment of the Exercise Price for the purchased
shares must accompany the Exercise Notice or Purchase Agreement delivered to the
Corporation in connection with the option exercise.

                           (c) As soon as practical after the Exercise Date, the
Corporation shall issue to or on behalf of Optionee (or any other person or
persons exercising this option) a certificate or certificates representing the
purchased Option Shares. To the extent any such Option Shares are unvested, the
certificates for those Option Shares shall be endorsed with an appropriate
legend evidencing the Corporation's repurchase rights and may be held in escrow
with the Corporation until such shares vest.

                           (d) In no event may this option be exercised for any
fractional shares.

                  11. NO IMPAIRMENT OF RIGHTS. This Agreement shall not in any
way affect the right of the Corporation to adjust, reclassify, reorganize or
otherwise make changes in its capital or business structure or to merge,
consolidate, dissolve, liquidate or sell or transfer all or any part of its
business or assets. Nor shall this Agreement in any way be construed or
interpreted so as to affect adversely or otherwise impair the right of the
Corporation or the stockholders to remove Optionee from the Board at any time in
accordance with the provisions of applicable law.

                  12. COMPLIANCE WITH LAWS AND REGULATIONS.

                           (a) The exercise of this option and the issuance of
the Option Shares upon such exercise shall be subject to compliance by the
Corporation and Optionee with all applicable requirements of law relating
thereto and with all applicable regulations of any stock exchange (or the Nasdaq
National Market, if applicable) on which the Common Stock may be listed for
trading at the time of such exercise and issuance.

                                       6.
<PAGE>   7
                           (b) The inability of the Corporation to obtain
approval from any regulatory body having authority deemed by the Corporation to
be necessary to the lawful issuance and sale of any Common Stock pursuant to
this option shall relieve the Corporation of any liability with respect to the
non-issuance or sale of the Common Stock as to which such approval shall not
have been obtained. However, the Corporation shall use its best efforts to
obtain all such applicable approvals.

                  13. SUCCESSORS AND ASSIGNS. Except to the extent otherwise
provided in Paragraph 3 or 6, the provisions of this Agreement shall inure to
the benefit of, and be binding upon, the Corporation and its successors and
assigns and Optionee, Optionee's assigns and the legal representatives, heirs
and legatees of Optionee's estate.

                  14. CONSTRUCTION/GOVERNING LAW. This Agreement and the option
evidenced hereby are made and granted pursuant to the automatic option grant
program in effect under the Plan and are in all respects limited by and subject
to the express terms and provisions of that program. The interpretation,
performance, and enforcement of this Agreement shall be governed by the laws of
the State of California without resort to that State's conflict-of-laws rules.

                  15. NOTICES. Any notice required to be given or delivered to
the Corporation under the terms of this Agreement shall be in writing and
addressed to the Corporation at its principal corporate offices. Any notice
required to be given or delivered to Optionee shall be in writing and addressed
to Optionee at the address indicated below Optionee's signature line on the
Grant Notice. All notices shall be deemed effective upon personal delivery or
upon deposit in the U.S. mail, postage prepaid and properly addressed to the
party to be notified.

                                       7.
<PAGE>   8
                                    EXHIBIT I

                               NOTICE OF EXERCISE


                  I hereby notify Infoseek Corporation (the "Corporation") that
I elect to purchase ______ shares of the Corporation's Common Stock (the
"Purchased Shares") at the option exercise price of $_____ per share (the
"Exercise Price") pursuant to that certain option (the "Option") granted to me
pursuant to the automatic option grant program under the Corporation's 1996
Stock Option/Stock Issuance Plan on ____________, 199___.

                  Concurrently with the delivery of this Exercise Notice to the
Secretary of the Corporation, I shall hereby pay to the Corporation the Exercise
Price for the Purchased Shares in accordance with the provisions of my agreement
with the Corporation evidencing the Option and shall deliver whatever additional
documents may be required by such agreement as a condition for exercise.
Alternatively, I may utilize the special broker/dealer sale and remittance
procedure specified in my agreement to effect payment of the Exercise Price for
any Purchased Shares in which I am vested at the time of exercise.


____________________, 199_
Date


                                            ___________________________________
                                            Optionee

                                            Address:___________________________

                                            ___________________________________

Print name in exact manner
it is to appear on the
stock certificate:                          ___________________________________

Address to which certificate
is to be sent, if different
from address above:                         ___________________________________

                                            ___________________________________



Social Security Number:                     ___________________________________
<PAGE>   9
                                    APPENDIX


         The following definitions shall be in effect under the Agreement:

         A. AGREEMENT shall mean this Automatic Stock Option Agreement.

         B. BOARD shall mean the Corporation's Board of Directors.

         C. CHANGE IN CONTROL shall mean a change in ownership or control of the
Corporation effected through either of the following transactions:

                  (i) the acquisition, directly or indirectly, by any person or
         related group of persons (other than the Corporation or a person that
         directly or indirectly controls, is controlled by, or is under common
         control with, the Corporation) of beneficial ownership (within the
         meaning of Rule 13d-3 of the 1934 Act) of securities possessing more
         than fifty percent (50%) of the total combined voting power of the
         Corporation's outstanding securities pursuant to a tender or exchange
         offer made directly to the Corporation's stockholders which the Board
         does not recommend such stockholders to accept, or

                  (ii) a change in the composition of the Board over a period of
         thirty-six (36) consecutive months or less such that a majority of the
         Board members ceases, by reason of one or more contested elections for
         Board membership, to be comprised of individuals who either (A) have
         been Board members continuously since the beginning of such period or
         (B) have been elected or nominated for election as Board members during
         such period by at least a majority of the Board members described in
         clause (A) who were still in office at the time the Board approved such
         election or nomination.

         D. CODE shall mean the Internal Revenue Code of 1986, as amended.

         E. COMMON STOCK shall mean the Corporation's common stock.

         F. CORPORATE TRANSACTION shall mean either of the following
stockholder- approved transactions to which the Corporation is a party:

                  (i) a merger or consolidation in which securities possessing
         more than fifty percent (50%) of the total combined voting power of the
         Corporation's outstanding securities are transferred to a person or
         persons different from the persons holding those securities immediately
         prior to such transaction, or

                                      A-1.
<PAGE>   10
                  (ii) the sale, transfer or other disposition of all or
         substantially all of the Corporation's assets in complete liquidation
         or dissolution of the Corporation.

         G. CORPORATION shall mean Infoseek Corporation, a California 
corporation.

         H. DOMESTIC RELATIONS ORDER shall mean any judgment, decree or order
(including approval of a property settlement agreement) which provides or
otherwise conveys, pursuant to applicable State domestic relations laws
(including community property laws), marital property rights to any spouse or
former spouse of Optionee.

         I. EXERCISE DATE shall mean the date on which the option shall have
been exercised in accordance with Paragraph 10 of the Agreement.

         J. EXERCISE PRICE shall mean the exercise price payable per share as
specified in the Grant Notice.

         K. EXPIRATION DATE shall mean the date on which the option term expires
as specified in the Grant Notice.

         L. FAIR MARKET VALUE per share of Common Stock on any relevant date
shall be determined in accordance with the following provisions:

                  (i) If the Common Stock is at the time traded on the Nasdaq
         National Market, then the Fair Market Value shall be the closing
         selling price per share of Common Stock on the date in question, as the
         price is reported by the National Association of Securities Dealers on
         the Nasdaq National Market or any successor system. If there is no
         closing selling price for the Common Stock on the date in question,
         then the Fair Market Value shall be the closing selling price on the
         last preceding date for which such quotation exists.

                  (ii) If the Common Stock is at the time listed on any Stock
         Exchange, then the Fair Market Value shall be the closing selling price
         per share of Common Stock on the date in question on the Stock Exchange
         determined by the Plan Administrator to be the primary market for the
         Common Stock, as such price is officially quoted in the composite tape
         of transactions on such exchange. If there is no closing selling price
         for the Common Stock on the date in question, then the Fair Market
         Value shall be the closing selling price on the last preceding date for
         which such quotation exists.

         M. GRANT DATE shall mean the date of grant of the option as specified
in the Grant Notice.

                                      A-2.
<PAGE>   11
         N. GRANT NOTICE shall mean the Notice of Grant of Automatic Stock
Option accompanying this Agreement, pursuant to which Optionee has been informed
of the basic terms of the option evidenced hereby.

         O. HOSTILE TAKE-OVER shall mean a change in ownership of the
Corporation effected through the following transaction:

                  (i) the acquisition, directly or indirectly, by any person or
         related group of persons (other than the Corporation or a person that
         directly or indirectly controls, is controlled by, or is under common
         control with, the Corporation) of beneficial ownership (within the
         meaning of Rule 13d-3 of the 1934 Act) of securities possessing more
         than fifty percent (50%) of the total combined voting power of the
         Corporation's outstanding securities pursuant to a tender or exchange
         offer made directly to the Corporation's stockholders which the Board
         does not recommend such stockholders to accept, and

                  (ii) more than fifty percent (50%) of the acquired securities
         are accepted from holders other than the officers and directors of the
         Corporation subject to the short-swing profit restrictions of Section
         16 of the 1934 Act.

         P. 1934 ACT shall mean the Securities Exchange Act of 1934, as amended.

         Q. NON-STATUTORY OPTION shall mean an option not intended to satisfy
the requirements of Code Section 422.

         R. OPTION SHARES shall mean the number of shares of Common Stock
subject to the option.

         S. OPTIONEE shall mean the person to whom the option is granted as
specified in the Grant Notice.

         T. PERMANENT DISABILITY shall mean the inability of Optionee to perform
his or her usual duties as a Board member by reason of any medically
determinable physical or mental impairment which is expected to result in death
or has lasted or can be expected to last for a continuous period of twelve (12)
months or more.

         U. PLAN shall mean the Corporation's 1996 Stock Option/Stock Issuance
Plan.

         V. PURCHASE AGREEMENT shall mean the stock purchase agreement (in form
and substance satisfactory to the Corporation) which must be executed at the
time the option is exercised for unvested Option Shares and which will
accordingly (i) grant the Corporation the right to repurchase, at the Exercise
Price, any and all of those Option Shares in which

                                      A-3.
<PAGE>   12
Optionee is not otherwise vested at the time of his or her cessation of service
as a Board member and (ii) preclude the sale, transfer or other disposition of
any of the Option Shares purchased under such agreement while those Option
Shares remain subject to the repurchase right.

         W. QUALIFIED DOMESTIC RELATIONS ORDER shall mean a Domestic Relations
Order which substantially complies with the requirements of Code Section 414(p).
The Plan Administrator shall have the sole discretion to determine whether a
Domestic Relations Order is a Qualified Domestic Relations Order.

         X. STOCK EXCHANGE shall mean the American Stock Exchange or the New
York Stock Exchange.

         Y. TAKE-OVER PRICE shall mean the greater of (i) the Fair Market Value
per share of Common Stock on the date the option is surrendered to the
Corporation in connection with a Hostile Take-Over or (ii) the highest reported
price per share of Common Stock paid by the tender offeror in effecting the
Hostile Take-Over.

         Z. VESTING SCHEDULE shall mean the vesting schedule specified in the
Grant Notice, pursuant to which Optionee will vest in the Option Shares in one
or more installments over his or her period of Board service, subject to
acceleration in accordance with the provisions of the Agreement.

                                      A-4.

<PAGE>   1
                                 INFOSEEK CORPORATION
                            STOCK ISSUANCE AGREEMENT



                  AGREEMENT made as of this ____day of _________ 19___, by and 
between Infoseek Corporation, a California corporation, and __________________,
a Participant in the Corporation's 1996 Stock Option/Stock Issuance Plan.

                  All capitalized terms in this Agreement shall have the meaning
assigned to them in this Agreement or in the attached Appendix.

         A. PURCHASE OF SHARES

                  1. PURCHASE. Participant hereby purchases _____ shares of
Common Stock (the "Purchased Shares") pursuant to the provisions of the Stock
Issuance Program at the purchase price of $______ per share (the "Purchase
Price").

                  2. PAYMENT. Concurrently with the delivery of this Agreement
to the Corporation, Participant shall pay the Purchase Price for the Purchased
Shares in cash or check payable to the Corporation and shall deliver a
duly-executed blank Assignment Separate from Certificate (in the form attached
hereto as Exhibit I) with respect to the Purchased Shares.

                  3. STOCKHOLDER RIGHTS. Until such time as the Corporation
exercises the Repurchase Right, Participant (or any successor in interest) shall
have all the rights of a stockholder (including voting, dividend and liquidation
rights) with respect to the Purchased Shares, subject, however, to the transfer
restrictions of this Agreement.

                  4. COMPLIANCE WITH LAW. Under no circumstances shall shares of
Common Stock or other assets be issued or delivered to Participant pursuant to
the provisions of this Agreement unless, in the opinion of counsel for the
Corporation or its successors, there shall have been compliance with all
applicable requirements of Federal and state securities laws, all applicable
listing requirements of any stock exchange (or the Nasdaq National Market, if
applicable) on which the Common Stock is at the time listed for trading and all
other requirements of law or of any regulatory bodies having jurisdiction over
such issuance and delivery.

         B. TRANSFER RESTRICTIONS

                  1. RESTRICTION ON TRANSFER. Except for any Permitted Transfer,
Participant shall not transfer, assign, encumber or otherwise dispose of any of
the Purchased Shares which are subject to the Repurchase Right.
<PAGE>   2
                  2. RESTRICTIVE LEGEND. The stock certificate for the Purchased
Shares shall be endorsed with the following restrictive legend:

                           "The shares represented by this certificate are
         unvested and subject to certain repurchase rights granted to the
         Corporation and accordingly may not be sold, assigned, transferred,
         encumbered, or in any manner disposed of except in conformity with the
         terms of a written agreement dated __________, 199__ between the
         Corporation and the registered holder of the shares (or the
         predecessor in interest to the shares). A copy of such agreement is
         maintained at the Corporation's principal corporate offices."

                  3. TRANSFEREE OBLIGATIONS. Each person (other than the
Corporation) to whom the Purchased Shares are transferred by means of a
Permitted Transfer must, as a condition precedent to the validity of such
transfer, acknowledge in writing to the Corporation that such person is bound by
the provisions of this Agreement and that the transferred shares are subject to
the Repurchase Right to the same extent such shares would be so subject if
retained by Participant.

         C. REPURCHASE RIGHT

                  1. GRANT. The Corporation is hereby granted the right (the
"Repurchase Right"), exercisable at any time during the ninety (90)-day period
following the date Participant ceases for any reason to remain in Service, to
repurchase at the Purchase Price all or any portion of the Purchased Shares in
which Participant is not, at the time of his or her cessation of Service, vested
in accordance with the Vesting Schedule (such shares to be hereinafter referred
to as the "Unvested Shares").

                  2. EXERCISE OF THE REPURCHASE RIGHT. The Repurchase Right
shall be exercisable by written notice delivered to each Owner of the Unvested
Shares prior to the expiration of the ninety (90)-day exercise period. The
notice shall indicate the number of Unvested Shares to be repurchased and the
date on which the repurchase is to be effected, such date to be not more than
thirty (30) days after the date of such notice. The certificates representing
the Unvested Shares to be repurchased shall be delivered to the Corporation
prior to the close of business on the date specified for the repurchase.
Concurrently with the receipt of such stock certificates, the Corporation shall
pay to Owner, in cash or cash equivalent (including the cancellation of any
purchase-money indebtedness), an amount equal to the Purchase Price previously
paid for the Unvested Shares to be repurchased from Owner.

                  3. TERMINATION OF THE REPURCHASE RIGHT. The Repurchase Right
shall terminate with respect to any Unvested Shares for which it is not timely
exercised under Paragraph C.2. In addition, the Repurchase Right shall terminate
and cease to be

                                       2.
<PAGE>   3
exercisable with respect to any and all Purchased Shares in which Participant
vests in accordance with the following Vesting Schedule:

                           (i) Upon Participant's completion of one (1) year of
         Service measured from ______________, 199__, Participant shall acquire
         a vested interest in, and the Repurchase Right shall lapse with respect
         to, twenty-five percent (25%) of the Purchased Shares.

                           (ii) Participant shall acquire a vested interest in,
         and the Repurchase Right shall lapse with respect to, the remaining
         Purchased Shares in a series of thirty-six (36) successive equal
         monthly installments upon Participant's completion of each additional
         month of Service over the thirty-six (36)-month period measured from
         the initial vesting date under subparagraph (i) above.

                  4. RECAPITALIZATION. Any new, substituted or additional
securities or other property (including cash paid other than as a regular cash
dividend) which is by reason of any Recapitalization distributed with respect to
the Purchased Shares shall be immediately subject to the Repurchase Right, but
only to the extent the Purchased Shares are at the time covered by such right.
Appropriate adjustments to reflect such distribution shall be made to the number
and/or class of Purchased Shares subject to this Agreement and to the price per
share to be paid upon the exercise of the Repurchase Right in order to reflect
the effect of any such Recapitalization upon the Corporation's capital
structure; provided, however, that the aggregate purchase price shall remain the
same.

                  5. CORPORATE TRANSACTION.

                           (a) Immediately prior to the consummation of any
Corporate Transaction, the Repurchase Right shall automatically lapse in its
entirety and the Purchased Shares shall vest in full, except to the extent the
Repurchase Right is to be assigned to the successor corporation (or parent
thereof) in connection with the Corporate Transaction.

                           (b) To the extent the Repurchase Right remains in
effect following a Corporate Transaction, such right shall apply to the new
capital stock or other property (including any cash payments) received in
exchange for the Purchased Shares in consummation of the Corporate Transaction,
but only to the extent the Purchased Shares are at the time covered by such
right. Appropriate adjustments shall be made to the price per share payable upon
exercise of the Repurchase Right to reflect the effect of the Corporate
Transaction upon the Corporation's capital structure; provided, however, that
the aggregate purchase price shall remain the same.

                                       3.
<PAGE>   4
         D. SPECIAL TAX ELECTION

                  1. SECTION 83(B) ELECTION . Under Code Section 83, the excess
of the fair market value of the Purchased Shares on the date any forfeiture
restrictions applicable to such shares lapse over the Purchase Price paid for
such shares will be reportable as ordinary income on the lapse date. For this
purpose, the term "forfeiture restrictions" includes the right of the
Corporation to repurchase the Purchased Shares pursuant to the Repurchase Right.
Participant may elect under Code Section 83(b) to be taxed at the time the
Purchased Shares are acquired, rather than when and as such Purchased Shares
cease to be subject to such forfeiture restrictions. Such election must be filed
with the Internal Revenue Service within thirty (30) days after the date of this
Agreement. Even if the fair market value of the Purchased Shares on the date of
this Agreement equals the Purchase Price paid (and thus no tax is payable), the
election must be made to avoid adverse tax consequences in the future. THE FORM
FOR MAKING THIS ELECTION IS ATTACHED AS EXHIBIT II HERETO. PARTICIPANT
UNDERSTANDS THAT FAILURE TO MAKE THIS FILING WITHIN THE APPLICABLE THIRTY
(30)-DAY PERIOD WILL RESULT IN THE RECOGNITION OF ORDINARY INCOME AS THE
FORFEITURE RESTRICTIONS LAPSE.

                  2. FILING RESPONSIBILITY. PARTICIPANT ACKNOWLEDGES THAT IT IS
PARTICIPANT'S SOLE RESPONSIBILITY, AND NOT THE CORPORATION'S, TO FILE A TIMELY
ELECTION UNDER CODE SECTION 83(B), EVEN IF PARTICIPANT REQUESTS THE CORPORATION
OR ITS REPRESENTATIVES TO MAKE THIS FILING ON HIS OR HER BEHALF.

         E. GENERAL PROVISIONS

                  1. ASSIGNMENT. The Corporation may assign the Repurchase Right
to any person or entity selected by the Board, including (without limitation)
one or more stockholders of the Corporation.

                  2. NO EMPLOYMENT OR SERVICE CONTRACT. Nothing in this
Agreement or in the Plan shall confer upon Participant any right to continue in
Service for any period of specific duration or interfere with or otherwise
restrict in any way the rights of the Corporation (or any Parent or Subsidiary
employing or retaining Participant) or of Participant, which rights are hereby
expressly reserved by each, to terminate Participant's Service at any time for
any reason, with or without cause.

                  3. NOTICES. Any notice required to be given under this
Agreement shall be in writing and shall be deemed effective upon personal
delivery or upon deposit in the U.S. mail, registered or certified, postage
prepaid and properly addressed to the party entitled to such notice at the
address indicated below such party's signature line on this Agreement or at such
other address as such party may designate by ten (10) days advance written
notice under this paragraph to all other parties to this Agreement.

                                       4.
<PAGE>   5
                  4. NO WAIVER. The failure of the Corporation in any instance
to exercise the Repurchase Right shall not constitute a waiver of any other
repurchase rights that may subsequently arise under the provisions of this
Agreement or any other agreement between the Corporation and Participant. No
waiver of any breach or condition of this Agreement shall be deemed to be a
waiver of any other or subsequent breach or condition, whether of like or
different nature.

                  5. CANCELLATION OF SHARES. If the Corporation shall make
available, at the time and place and in the amount and form provided in this
Agreement, the consideration for the Purchased Shares to be repurchased in
accordance with the provisions of this Agreement, then from and after such time,
the person from whom such shares are to be repurchased shall no longer have any
rights as a holder of such shares (other than the right to receive payment of
such consideration in accordance with this Agreement). Such shares shall be
deemed purchased in accordance with the applicable provisions hereof, and the
Corporation shall be deemed the owner and holder of such shares, whether or not
the certificates therefor have been delivered as required by this Agreement.

         F. MISCELLANEOUS PROVISIONS

                  1. PARTICIPANT UNDERTAKING. Participant hereby agrees to take
whatever additional action and execute whatever additional documents the
Corporation may deem necessary or advisable in order to carry out or effect one
or more of the obligations or restrictions imposed on either Participant or the
Purchased Shares pursuant to the provisions of this Agreement.

                  2. AGREEMENT IS ENTIRE CONTRACT. This Agreement constitutes
the entire contract between the parties hereto with regard to the subject matter
hereof. This Agreement is made pursuant to the provisions of the Plan and shall
in all respects be construed in conformity with the terms of the Plan.

                  3. GOVERNING LAW. This Agreement shall be governed by, and
construed in accordance with, the laws of the State of California without resort
to that State's conflict-of-laws rules.

                  4. COUNTERPARTS. This Agreement may be executed in
counterparts, each of which shall be deemed to be an original, but all of which
together shall constitute one and the same instrument.

                  5. SUCCESSORS AND ASSIGNS. The provisions of this Agreement
shall inure to the benefit of, and be binding upon, the Corporation and its
successors and assigns and upon Participant, Participant's assigns and the legal
representatives, heirs and legatees of Participant's estate, whether or not any
such person shall have become a party to this Agreement and have agreed in
writing to join herein and be bound by the terms hereof.

                                       5.
<PAGE>   6
                  IN WITNESS WHEREOF, the parties have executed this Agreement
on the day and year first indicated above.

                                            INFOSEEK CORPORATION


                                            By:________________________________
  
                                            Title:_____________________________

                                            Address:___________________________

                                            ___________________________________





                                            ___________________________________
                                            PARTICIPANT

                                            Address:___________________________

                                            ___________________________________

                                       6.
<PAGE>   7
                                    EXHIBIT I
                      ASSIGNMENT SEPARATE FROM CERTIFICATE

                  FOR VALUE RECEIVED_______________hereby sell(s), assign(s) and
transfer(s) unto Infoseek Corporation (the "Corporation"), ________________
(_______) shares of the Common Stock of the Corporation standing in his or her
name on the books of the Corporation represented by Certificate No.
_______________ herewith and do(es) hereby irrevocably constitute and appoint
_______________ Attorney to transfer the said stock on the books of the
Corporation with full power of substitution in the premises. Dated:
_______________, 199___.

                                       Signature_______________________________





INSTRUCTION: Please do not fill in any blanks other than the signature line.
Please sign exactly as you would like your name to appear on the issued stock
certificate. The purpose of this assignment is to enable the Corporation to
exercise the Repurchase Right without requiring additional signatures on the
part of Participant.
<PAGE>   8
                                   EXHIBIT II

                           SECTION 83(B) TAX ELECTION

This statement is being made under Section 83(b) of the Internal Revenue Code,
pursuant to Treas. Reg. Section 1.83-2.

(1)      The taxpayer who performed the services is:

         Name:
         Address:
         Taxpayer Ident. No.:

(2)      The property with respect to which the election is being made is _____
         shares of the common stock of Infoseek Corporation.

(3)      The property was issued on _______________, 199__.

(4)      The taxable year in which the election is being made is the calendar
         year 199__.

(5)      The property is subject to a repurchase right pursuant to which the
         issuer has the right to acquire the property at the original purchase
         price if for any reason taxpayer's employment with the issuer is
         terminated. The issuer's repurchase right lapses in a series of annual
         and monthly installments over a four (4)-year period ending on
         ____________, 199___.

(6)      The fair market value at the time of transfer (determined without
         regard to any restriction other than a restriction which by its terms
         will never lapse) is $____________ per share.

(7)      The amount paid for such property is $_______________per share.

(8)      A copy of this statement was furnished to Infoseek Corporation for whom
         taxpayer rendered the services underlying the transfer of property.

(9)      This statement is executed on ________________________, 199__.


__________________________________     ________________________________________
Spouse (if any)                        Taxpayer

This election must be filed with the Internal Revenue Service Center with which
taxpayer files his or her Federal income tax returns and must be made within
thirty (30) days after the execution date of the Stock Issuance Agreement. This
filing should be made by registered or certified mail, return receipt requested.
Participant must retain two (2) copies of the completed form for filing with his
or her Federal and state tax returns for the current tax year and an additional
copy for his or her records.
<PAGE>   9
                                    APPENDIX


                  The following definitions shall be in effect under the
Agreement:

         A. AGREEMENT shall mean this Stock Issuance Agreement.

         B. BOARD shall mean the Corporation's Board of Directors.

         C. CODE shall mean the Internal Revenue Code of 1986, as amended.

         D. COMMON STOCK shall mean the Corporation's common stock.

         E. CORPORATE TRANSACTION shall mean either of the following
stockholder-approved transactions:

                  (i) a merger or consolidation in which securities possessing
         more than fifty percent (50%) of the total combined voting power of the
         Corporation's outstanding securities are transferred to a person or
         persons different from the persons holding those securities immediately
         prior to such transaction, or

                  (ii) the sale, transfer or other disposition of all or
         substantially all of the Corporation's assets in complete liquidation
         or dissolution of the Corporation.

         F. CORPORATION shall mean Infoseek Corporation, a California 
corporation.

         G. OWNER shall mean Participant and all subsequent holders of the
Purchased Shares who derive their chain of ownership through a Permitted
Transfer from Participant.

         H. PARENT shall mean any corporation (other than the Corporation) in an
unbroken chain of corporations ending with the Corporation, provided each
corporation in the unbroken chain (other than the Corporation) owns, at the time
of the determination, stock possessing fifty percent (50%) or more of the total
combined voting power of all classes of stock in one of the other corporations
in such chain.

         I. PARTICIPANT shall mean the person to whom the Purchased Shares are
issued under the Stock Issuance Program.

         J. PERMITTED TRANSFER shall mean (i) a gratuitous transfer of the
Purchased Shares, provided and only if Participant obtains the Corporation's
prior written consent to such transfer, (ii) a transfer of title to the
Purchased Shares effected pursuant to Participant's will or the laws of
intestate succession following Participant's death or (iii) a

                                      A-1.
<PAGE>   10
transfer to the Corporation in pledge as security for any purchase-money
indebtedness incurred by Participant in connection with the acquisition of the
Purchased Shares.

         K. PLAN shall mean the Corporation's 1996 Stock Option/Stock Issuance
Plan.

         L. PLAN ADMINISTRATOR shall mean either the Board or a committee of
Board members, to the extent the committee is at the time responsible for the
administration of the Plan.

         M. PURCHASE PRICE shall have the meaning assigned to such term in
Paragraph A.1.

         N. PURCHASED SHARES shall have the meaning assigned to such term in
Paragraph A.1.

         O. RECAPITALIZATION shall mean any stock split, stock dividend,
recapitalization, combination of shares, exchange of shares or other change
affecting the Corporation's outstanding Common Stock as a class without the
Corporation's receipt of consideration.

         P. REORGANIZATION shall mean any of the following transactions:

                  (i) a merger or consolidation in which the Corporation is not
         the surviving entity,

                  (ii) a sale, transfer or other disposition of all or
         substantially all of the Corporation's assets,

                  (iii) a reverse merger in which the Corporation is the
         surviving entity but in which the Corporation's outstanding voting
         securities are transferred in whole or in part to a person or persons
         different from the persons holding those securities immediately prior
         to the merger, or

                  (iv) any transaction effected primarily to change the state in
         which the Corporation is incorporated or to create a holding company
         structure.

         Q. REPURCHASE RIGHT shall mean the right granted to the Corporation in
accordance with Article C.

         R. SERVICE shall mean the Participant's performance of services for the
Corporation (or any Parent or Subsidiary) in the capacity of an employee,
subject to the control and direction of the employer entity as to both the work
to be performed and the manner and method of performance, a non-employee member
of the board of directors or a consultant.

                                      A-2.
<PAGE>   11
         S. STOCK ISSUANCE PROGRAM shall mean the Stock Issuance Program under
the Plan.

         T. SUBSIDIARY shall mean any corporation (other than the Corporation)
in an unbroken chain of corporations beginning with the Corporation, provided
each corporation (other than the last corporation) in the unbroken chain owns,
at the time of the determination, stock possessing fifty percent (50%) or more
of the total combined voting power of all classes of stock in one of the other
corporations in such chain.

         U. VESTING SCHEDULE shall mean the vesting schedule specified in
Paragraph C.3, subject to the acceleration provisions of Paragraph C.5.

         V. UNVESTED SHARES shall have the meaning assigned to such term in
Paragraph C.1.

                                      A-3.

<PAGE>   1
                                    ADDENDUM
                                       TO
                            STOCK ISSUANCE AGREEMENT

                  The following provisions are hereby incorporated into, and are
hereby made a part of, that certain Stock Issuance Agreement dated 2~ (the
"Issuance Agreement") by and between Infoseek Corporation (the "Corporation")
and 1~ ("Participant") evidencing the stock issuance granted on such date to
Participant under the terms of the Corporation's 1996 Stock Option/Stock
Issuance Plan, and such provisions shall be effective immediately. All
capitalized terms in this Addendum, to the extent not otherwise defined herein,
shall have the meanings assigned to them in the Issuance Agreement.

                        INVOLUNTARY TERMINATION FOLLOWING
                              CORPORATE TRANSACTION

                  1. Should there occur an Involuntary Termination of
Participant's Service within twelve (12) months following a Corporate
Transaction in which the Corporation's Repurchase Rights are assigned to the
successor corporation, the Repurchase Right shall terminate automatically an all
the Purchased Shares shall vest in full.

                  2. For purposes of this Addendum, an INVOLUNTARY TERMINATION
shall mean the termination of Participant's Service by reason of:

                           (i) Participant's involuntary dismissal or discharge
         by the Corporation for reasons other than Misconduct, or

                           (ii) Participant's voluntary resignation following
         (A) a change in Participant's position with the Corporation (or Parent
         or Subsidiary employing Participant) which materially reduces
         Participant's level of responsibility, (B) a reduction in Optionee's
         level of compensation (including base salary, fringe benefits and
         participation in any corporate-performance based bonus or incentive
         programs) by more than fifteen percent (15%) or (C) a relocation of
         Participant's place of employment by more than fifty (50) miles,
         provided and only if such change, reduction or relocation is effected
         by the Corporation without Participant's consent.

                  3. For purposes of this Addendum, MISCONDUCT shall mean the
commission of any act of fraud, embezzlement or dishonesty by the Optionee or
Participant, any unauthorized use or disclosure by such person of confidential
information or trade secrets of the Corporation (or any Parent or Subsidiary),
or any other intentional misconduct by such person adversely affecting the
business or affairs of the Corporation (or any Parent or Subsidiary) in a
material manner. The foregoing definition shall not be deemed to be inclusive of
all the acts or omissions which the Corporation (or any Parent or Subsidiary)
may consider as grounds for the dismissal or discharge of any Optionee,
Participant or other
<PAGE>   2
person in the Service of the Corporation (or any Parent or Subsidiary).

                  4. The provisions of Paragraph 1 of this Addendum shall govern
the period for which the Option (or the replacement grant) is to remain
exercisable following the Involuntary Termination of Optionee's Service within
twelve (12) months after the Corporate Transaction in which the Option is
assumed or replaced and shall supersede any provisions to the contrary in
Paragraph 5 of the Option Agreement.

                  IN WITNESS WHEREOF, Infoseek Corporation has caused this
Addendum to be executed by its duly-authorized officer, and Optionee has
executed this Addendum, all as of the Effective Date specified below.

                                            INFOSEEK CORPORATION

                                            By:________________________________

                                            Title:_____________________________


                                            ___________________________________
                                            1~, OPTIONEE


EFFECTIVE DATE: __________________, 199

                                       2.

<PAGE>   1
                                    ADDENDUM
                                       TO
                            STOCK ISSUANCE AGREEMENT

                  The following provisions are hereby incorporated into, and are
hereby made a part of, that certain Stock Issuance Agreement dated 2~ (the
"Issuance Agreement") by and between Infoseek Corporation (the "Corporation")
and 1~ ("Participant") evidencing the stock issuance on such date to Participant
under the terms of the Corporation's 1996 Stock Option/Stock Issuance Plan, and
such provisions shall be effective immediately. All capitalized terms in this
Addendum, to the extent not otherwise defined herein, shall have the meanings
assigned to such terms in the Issuance Agreement.

                        INVOLUNTARY TERMINATION FOLLOWING
                                CHANGE IN CONTROL

                  1. No accelerated vesting of the Purchased Shares shall occur
upon a Change in Control, and the Repurchase Right shall continue to remain in
full force and effect in accordance with the provisions of the Issuance
Agreement. The Participant shall, over Participant's continued period of Service
after the Change in Control, continue to vest in the Purchased Shares in
accordance with the provisions of the Issuance Agreement. However, immediately
upon an Involuntary Termination of Participant's Service within twelve (12)
months following the Change in Control, the Repurchase Right shall terminate
automatically and all the Purchased Shares shall vest in full.

                  2. For purposes of this Addendum, a CHANGE IN CONTROL shall be
deemed to occur in the event of a change in ownership or control of the
Corporation effected through either of the following transactions:

                           (i) the direct or indirect acquisition by any person
         or related group of persons (other than the Corporation or a person
         that directly or indirectly controls, is controlled by, or is under
         common control with, the Corporation) of beneficial ownership (within
         the meaning of Rule 13d-3 of the Securities Exchange Act of 1934, as
         amended) of securities possessing more than fifty percent (50%) of the
         total combined voting power of the Corporation's outstanding securities
         pursuant to a tender or exchange offer made directly to the
         Corporation's stockholders which the Board does not recommend such
         stockholders to accept, or

                           (ii) a change in the composition of the Board over a
         period of thirty-six (36) months or less such that a majority of the
         Board members ceases by reason of one or more contested elections for
         Board membership, to be comprised of individuals who either (A) have
         been Board members continuously since the beginning of such period or
         (B) have been elected or nominated for election as Board members during
         such period by at least a majority of the Board members described in
         clause (A) who were still in office at the time such election or
         nomination was approved by the Board.
<PAGE>   2
                  3. For purposes of this Addendum, an INVOLUNTARY TERMINATION
shall mean the termination of Participant's Service by reason of:

                           (i) Participant's involuntary dismissal or discharge
         by the Corporation for reasons other than Misconduct, or

                           (ii) Participant's voluntary resignation following
         (A) a change in Participant's position with the Corporation (or Parent
         or Subsidiary employing Participant) which materially reduces
         Participant's level of responsibility, (B) a reduction in Optionee's
         level of compensation (including base salary, fringe benefits and
         participation in any corporate-performance based bonus or incentive
         programs) by more than fifteen percent (15%) or (C) a relocation of
         Participant's place of employment by more than fifty (50) miles,
         provided and only if such change, reduction or relocation is effected
         by the Corporation without Participant's consent.

                  4. For purposes of this Addendum, MISCONDUCT shall mean the
commission of any act of fraud, embezzlement or dishonesty by the Optionee or
Participant, any unauthorized use or disclosure by such person of confidential
information or trade secrets of the Corporation (or any Parent or Subsidiary),
or any other intentional misconduct by such person adversely affecting the
business or affairs of the Corporation (or any Parent or Subsidiary) in a
material manner. The foregoing definition shall not be deemed to be inclusive of
all the acts or omissions which the Corporation (or any Parent or Subsidiary)
may consider as grounds for the dismissal or discharge of any Optionee,
Participant or other person in the Service of the Corporation (or any Parent or
Subsidiary).

                  IN WITNESS WHEREOF, Infoseek Corporation has caused this
Addendum to be executed by its duly-authorized officer, and Participant has
executed this Addendum, all as of the Effective Date specified below.


                                            INFOSEEK CORPORATION

                                            By:________________________________

                                            Title:_____________________________


                                            ___________________________________
                                            1~, OPTIONEE


EFFECTIVE DATE: __________________, 199__


<PAGE>   1
                              INFOSEEK CORPORATION
                          EMPLOYEE STOCK PURCHASE PLAN


         I. PURPOSE OF THE PLAN

                  This Employee Stock Purchase Plan is intended to promote the
interests of Infoseek Corporation by providing eligible employees with the
opportunity to acquire a proprietary interest in the Corporation through
participation in a payroll-deduction based employee stock purchase plan designed
to qualify under Section 423 of the Code.

                  Capitalized terms herein shall have the meanings assigned to
such terms in the attached Appendix.

         II. ADMINISTRATION OF THE PLAN

                  The Plan Administrator shall have full authority to interpret
and construe any provision of the Plan and to adopt such rules and regulations
for administering the Plan as it may deem necessary in order to comply with the
requirements of Code Section 423. Decisions of the Plan Administrator shall be
final and binding on all parties having an interest in the Plan.

         III. STOCK SUBJECT TO PLAN

                  A. The stock purchasable under the Plan shall be shares of
authorized but unissued or reacquired Common Stock, including shares of Common
Stock purchased on the open market. The maximum number of shares of Common Stock
which may be issued over the term of the Plan shall not exceed one hundred
eighty-seven thousand five hundred (187,500) shares.

                  B. Should any change be made to the Common Stock by reason of
any stock split, stock dividend, recapitalization, combination of shares,
exchange of shares or other change affecting the outstanding Common Stock as a
class without the Corporation's receipt of consideration, appropriate
adjustments shall be made to (i) the maximum number and class of securities
issuable under the Plan, (ii) the maximum number and class of securities
purchasable per Participant on any one Purchase Date and (iii) the number and
class of securities and the price per share in effect under each outstanding
purchase right in order to prevent the dilution or enlargement of benefits
thereunder.

         IV. OFFERING PERIODS

                  A. Shares of Common Stock shall be offered for purchase under
the Plan through a series of successive offering periods until such time as (i)
the maximum number
<PAGE>   2
of shares of Common Stock available for issuance under the Plan shall have been
purchased or (ii) the Plan shall have been sooner terminated.

                  B. Each offering period shall be of such duration (generally
not to exceed twenty-four (24) months) as determined by the Plan Administrator
prior to the start date. However, the initial offering period shall commence at
the Effective Time and terminate on the last business day in July 1998. The next
offering period shall commence on the first business day in August 1998, and
subsequent offering periods shall commence as designated by the Plan
Administrator.

                  C. Each offering period shall be comprised of a series of one
or more successive Purchase Intervals. Purchase Intervals shall run from the
first business day in February to the last business day in July of the same year
and from the first business day in August each year to the last business day in
January of the following year. However, the first Purchase Interval in effect
under the initial offering period shall commence at the Effective Time and
terminate on the last business day in January 1997.

         V. ELIGIBILITY

                  A. Each individual who is an Eligible Employee on the start
date of any offering period under the Plan may enter that offering period on
such start date or on any subsequent Quarterly Entry Date within that offering
period, provided he or she remains an Eligible Employee.

                  B. Each individual who first becomes an Eligible Employee
after the start date of an offering period may enter that offering period on any
subsequent Quarterly Entry Date within that offering period on which he or she
is an Eligible Employee.

                  C. The date an individual enters an offering period shall be
designated his or her Entry Date for purposes of that offering period.

                  D. To participate in the Plan for a particular offering
period, the Eligible Employee must complete the enrollment forms prescribed by
the Plan Administrator (including a stock purchase agreement and a payroll
deduction authorization) and file such forms with the Plan Administrator (or its
designate) on or before his or her scheduled Entry Date.

         VI. PAYROLL DEDUCTIONS

                  A. The payroll deduction authorized by the Participant for
purposes of acquiring shares of Common Stock under the Plan may be any multiple
of one percent (1%) of the Base Salary paid to the Participant during each
Purchase Interval within that offering period, up to a maximum of ten percent
(10%). The deduction rate so authorized shall

                                       2.
<PAGE>   3
continue in effect throughout the offering period, except to the extent such
rate is changed in accordance with the following guidelines:

                           (i) The Participant may, at any time during an
         offering period, reduce his or her rate of payroll deduction to become
         effective as soon as possible after filing the appropriate form with
         the Plan Administrator. The Participant may not, however, effect more
         than one (1) such reduction per Purchase Interval.

                           (ii) The Participant may, prior to the commencement
         of any new Purchase Interval within an offering period, increase the
         rate of his or her payroll deduction by filing the appropriate form
         with the Plan Administrator. The new rate (which may not exceed the ten
         percent (10%) maximum) shall become effective on the start date of the
         first Purchase Interval following the filing of such form.

                  B. Payroll deductions shall begin on the first pay day
following the Participant's Entry Date into the offering period and shall
(unless sooner terminated by the Participant) continue through the pay day
ending with or immediately prior to the last day of that offering period. The
amounts so collected shall be credited to the Participant's book account under
the Plan, but no interest shall be paid on the balance from time to time
outstanding in such account. The amounts collected from the Participant shall
not be held in any segregated account or trust fund and may be commingled with
the general assets of the Corporation and used for general corporate purposes.

                  C. Payroll deductions shall automatically cease upon the
termination of the Participant's purchase right in accordance with the
provisions of the Plan.

                  D. The Participant's acquisition of Common Stock under the
Plan on any Purchase Date shall neither limit nor require the Participant's
acquisition of Common Stock on any subsequent Purchase Date, whether within the
same or a different offering period.

         VII. PURCHASE RIGHTS

                  A. GRANT OF PURCHASE RIGHT. A Participant shall be granted a
separate purchase right for each offering period in which he or she
participates. The purchase right shall be granted on the Participant's Entry
Date into the offering period and shall provide the Participant with the right
to purchase shares of Common Stock, in a series of successive installments over
the remainder of such offering period, upon the terms set forth below. The
Participant shall execute a stock purchase agreement embodying such terms and
such other provisions (not inconsistent with the Plan) as the Plan Administrator
may deem advisable.

                                       3.
<PAGE>   4
                  Under no circumstances shall purchase rights be granted under
the Plan to any Eligible Employee if such individual would, immediately after
the grant, own (within the meaning of Code Section 424(d)) or hold outstanding
options or other rights to purchase, stock possessing five percent (5%) or more
of the total combined voting power or value of all classes of stock of the
Corporation or any Corporate Affiliate.

                  B. EXERCISE OF THE PURCHASE RIGHT. Each purchase right shall
be automatically exercised in installments on each successive Purchase Date
within the offering period, and shares of Common Stock shall accordingly be
purchased on behalf of each Participant (other than Participants whose payroll
deductions have previously been refunded pursuant to the Termination of Purchase
Right provisions below) on each such Purchase Date. The purchase shall be
effected by applying the Participant's payroll deductions for the Purchase
Interval ending on such Purchase Date to the purchase of shares of Common Stock
at the purchase price in effect for the Participant for that Purchase Date.

                  C. PURCHASE PRICE. The purchase price per share at which
Common Stock will be purchased on the Participant's behalf on each Purchase Date
within the offering period shall be equal to eighty-five percent (85%) of the
lower of (i) the Fair Market Value per share of Common Stock on the
Participant's Entry Date into that offering period or (ii) the Fair Market Value
per share of Common Stock on that Purchase Date. However, for each Participant
whose Entry Date is other than the start date of the offering period, the clause
(i) amount shall in no event be less than the Fair Market Value per share of
Common Stock on the start date of that offering period.

                  D. NUMBER OF PURCHASABLE SHARES. The number of shares of
Common Stock purchasable by a Participant on each Purchase Date during the
offering period shall be the number of shares obtained by dividing the amount
collected from the Participant through payroll deductions during the Purchase
Interval ending with that Purchase Date by the purchase price in effect for the
Participant for that Purchase Date. However, the maximum number of shares of
Common Stock purchasable per Participant on any one Purchase Date shall not
exceed five hundred (500) shares, subject to periodic adjustments in the event
of certain changes in the Corporation's capitalization.

                  E. EXCESS PAYROLL DEDUCTIONS. Any payroll deductions not
applied to the purchase of shares of Common Stock on any Purchase Date because
they are not sufficient to purchase a whole share of Common Stock shall be held
for the purchase of Common Stock on the next Purchase Date. However, any payroll
deductions not applied to the purchase of Common Stock by reason of the
limitation on the maximum number of shares purchasable by the Participant on the
Purchase Date shall be promptly refunded.

                  F. TERMINATION OF PURCHASE RIGHT. The following provisions
shall govern the termination of outstanding purchase rights:

                                       4.
<PAGE>   5
                           (i) A Participant may, at any time prior to the next
         scheduled Purchase Date in the offering period, terminate his or her
         outstanding purchase right by filing the appropriate form with the Plan
         Administrator (or its designate), and no further payroll deductions
         shall be collected from the Participant with respect to the terminated
         purchase right. Any payroll deductions collected during the Purchase
         Interval in which such termination occurs shall be immediately
         refunded.

                           (ii) The termination of such purchase right shall be
         irrevocable, and the Participant may not subsequently rejoin the
         offering period for which the terminated purchase right was granted. In
         order to resume participation in any subsequent offering period, such
         individual must re-enroll in the Plan (by making a timely filing of the
         prescribed enrollment forms) on or before his or her scheduled Entry
         Date into that offering period.

                           (iii) Should the Participant cease to remain an
         Eligible Employee for any reason (including death, disability or change
         in status) while his or her purchase right remains outstanding, then
         that purchase right shall immediately terminate, and all of the
         Participant's payroll deductions for the Purchase Interval in which the
         purchase right so terminates shall be immediately refunded. However,
         should the Participant cease to remain in active service by reason of
         an approved unpaid leave of absence, then the Participant shall have
         the right, exercisable up until the last business day of the Purchase
         Interval in which such leave commences, to (a) withdraw all the payroll
         deductions collected to date on his or her behalf for that Purchase
         Interval or (b) have such funds held for the purchase of shares on his
         or her behalf on the next scheduled Purchase Date. In no event,
         however, shall any further payroll deductions be collected on the
         Participant's behalf during such leave. Upon the Participant's return
         to active service, his or her payroll deductions under the Plan shall
         automatically resume at the rate in effect at the time the leave began
         unless the Participant withdraws from the Plan prior to his or her
         return.

                  G. CORPORATE TRANSACTION. Each outstanding purchase right
shall automatically be exercised, immediately prior to the effective date of any
Corporate Transaction, by applying the payroll deductions of each Participant
for the Purchase Interval in which such Corporate Transaction occurs to the
purchase of whole shares of Common Stock at a purchase price per share equal to
eighty-five percent (85%) of the lower of (i) the Fair Market Value per share of
Common Stock on the Participant's Entry Date into the offering period in which
such Corporate Transaction occurs or (ii) the Fair Market Value per share of
Common Stock immediately prior to the effective date of such Corporate
Transaction. However, the applicable limitation on the number of shares of
Common Stock purchasable per Participant shall continue to apply to any such
purchase, and the clause (i) amount above shall not, for any Participant whose
Entry Date for the offering period is

                                       5.
<PAGE>   6
other than the start date of that offering period, be less than the Fair Market
Value per share of Common Stock on that start date.

                  The Corporation shall use its best efforts to provide at least
ten (10)-days prior written notice of the occurrence of any Corporate
Transaction, and Participants shall, following the receipt of such notice, have
the right to terminate their outstanding purchase rights prior to the effective
date of the Corporate Transaction.

                  H. PRORATION OF PURCHASE RIGHTS. Should the total number of
shares of Common Stock to be purchased pursuant to outstanding purchase rights
on any particular date exceed the number of shares then available for issuance
under the Plan, the Plan Administrator shall make a pro-rata allocation of the
available shares on a uniform and nondiscriminatory basis, and the payroll
deductions of each Participant, to the extent in excess of the aggregate
purchase price payable for the Common Stock pro-rated to such individual, shall
be refunded.

                  I. ASSIGNABILITY. The purchase right shall be exercisable only
by the Participant and shall not be assignable or transferable by the
Participant.

                  J. STOCKHOLDER RIGHTS. A Participant shall have no stockholder
rights with respect to the shares subject to his or her outstanding purchase
right until the shares are purchased on the Participant's behalf in accordance
with the provisions of the Plan and the Participant has become a holder of
record of the purchased shares.

         VIII. ACCRUAL LIMITATIONS

                  A. No Participant shall be entitled to accrue rights to
acquire Common Stock pursuant to any purchase right outstanding under this Plan
if and to the extent such accrual, when aggregated with (i) rights to purchase
Common Stock accrued under any other purchase right granted under this Plan and
(ii) similar rights accrued under other employee stock purchase plans (within
the meaning of Code Section 423) of the Corporation or any Corporate Affiliate,
would otherwise permit such Participant to purchase more than Twenty- Five
Thousand Dollars ($25,000) worth of stock of the Corporation or any Corporate
Affiliate (determined on the basis of the Fair Market Value per share on the
date or dates such rights are granted) for each calendar year such rights are at
any time outstanding.

                  B. For purposes of applying such accrual limitations to the
purchase rights granted under the Plan, the following provisions shall be in
effect:

                           (i) The right to acquire Common Stock under each
         outstanding purchase right shall accrue in a series of installments on
         each successive Purchase Date during the offering period on which such
         right remains outstanding.

                                       6.
<PAGE>   7
                           (ii) No right to acquire Common Stock under any
         outstanding purchase right shall accrue to the extent the Participant
         has already accrued in the same calendar year the right to acquire
         Common Stock under one (1) or more other purchase rights at a rate
         equal to Twenty-Five Thousand Dollars ($25,000) worth of Common Stock
         (determined on the basis of the Fair Market Value per share on the date
         or dates of grant) for each calendar year such rights were at any time
         outstanding.

                  C. If by reason of such accrual limitations, any purchase
right of a Participant does not accrue for a particular Purchase Interval, then
the payroll deductions which the Participant made during that Purchase Interval
with respect to such purchase right shall be promptly refunded.

                  D. In the event there is any conflict between the provisions
of this Article and one or more provisions of the Plan or any instrument issued
thereunder, the provisions of this Article shall be controlling.

         IX. EFFECTIVE DATE AND TERM OF THE PLAN

                  A. The Plan was adopted by the Board on April 10, 1996 and
shall become effective at the Effective Time, provided no purchase rights
granted under the Plan shall be exercised, and no shares of Common Stock shall
be issued hereunder, until (i) the Plan shall have been approved by the
stockholders of the Corporation and (ii) the Corporation shall have complied
with all applicable requirements of the 1933 Act (including the registration of
the shares of Common Stock issuable under the Plan on a Form S-8 registration
statement filed with the Securities and Exchange Commission), all applicable
listing requirements of any stock exchange (or the Nasdaq National Market, if
applicable) on which the Common Stock is listed for trading and all other
applicable requirements established by law or regulation. In the event such
stockholder approval is not obtained, or such compliance is not effected, within
twelve (12) months after the date on which the Plan is adopted by the Board, the
Plan shall terminate and have no further force or effect and all sums collected
from Participants during the initial offering period hereunder shall be
refunded.

                  B. Unless sooner terminated by the Board, the Plan shall
terminate upon the earliest of (i) the last business day in July 2006, (ii) the
date on which all shares available for issuance under the Plan shall have been
sold pursuant to purchase rights exercised under the Plan or (iii) the date on
which all purchase rights are exercised in connection with a Corporate
Transaction. No further purchase rights shall be granted or exercised, and no
further payroll deductions shall be collected, under the Plan following its
termination.

                                       7.
<PAGE>   8
         X. AMENDMENT OF THE PLAN

                  The Board may alter, amend, suspend or discontinue the Plan at
any time to become effective immediately following the close of any Purchase
Interval. However, the Board may not, without the approval of the Corporation's
stockholders, (i) materially increase the number of shares of Common Stock
issuable under the Plan or the maximum number of shares purchasable per
Participant on any one Purchase Date, except for permissible adjustments in the
event of certain changes in the Corporation's capitalization, (ii) alter the
purchase price formula so as to reduce the purchase price payable for the shares
of Common Stock purchasable under the Plan, or (iii) materially increase the
benefits accruing to Participants under the Plan or materially modify the
requirements for eligibility to participate in the Plan.

         XI. GENERAL PROVISIONS

                  A. Nothing in the Plan shall confer upon the Participant any
right to continue in the employ of the Corporation or any Corporate Affiliate
for any period of specific duration or interfere with or otherwise restrict in
any way the rights of the Corporation (or any Corporate Affiliate employing such
person) or of the Participant, which rights are hereby expressly reserved by
each, to terminate such person's employment at any time for any reason, with or
without cause.

                  B. All costs and expenses incurred in the administration of
the Plan shall be paid by the Corporation.

                  C. The provisions of the Plan shall be governed by the laws of
the State of California without resort to that State's conflict-of-laws rules.

                                       8.
<PAGE>   9
                                   SCHEDULE A

                          CORPORATIONS PARTICIPATING IN
                          EMPLOYEE STOCK PURCHASE PLAN
                            AS OF THE EFFECTIVE TIME


                              Infoseek Corporation
<PAGE>   10
                                    APPENDIX

                  The following definitions shall be in effect under the Plan:

                  A. BASE SALARY shall mean the regular base salary paid to a
Participant by one or more Participating Companies during such individual's
period of participation in one or more offering periods under the Plan, plus any
pre-tax contributions made by the Participant to any Code Section 401(k) salary
deferral plan or any Code Section 125 cafeteria benefit program now or hereafter
established by the Corporation or any Corporate Affiliate. The following items
of compensation shall NOT be included in Base Salary: (i) all overtime payments,
bonuses, commissions (other than those functioning as base salary equivalents),
profit-sharing distributions and other incentive-type payments and (ii) any and
all contributions (other than Code Section 401(k) or Code Section 125
contributions) made on the Participant's behalf by the Corporation or any
Corporate Affiliate under any employee benefit or welfare plan now or hereafter
established.

                  B. BOARD shall mean the Corporation's Board of Directors.

                  C. CODE shall mean the Internal Revenue Code of 1986, as
amended.

                  D. COMMON STOCK shall mean the Corporation's common stock.

                  E. CORPORATE AFFILIATE shall mean any parent or subsidiary
corporation of the Corporation (as determined in accordance with Code Section
424), whether now existing or subsequently established.

                  F. CORPORATE TRANSACTION shall mean either of the following
stockholder- approved transactions to which the Corporation is a party:

                           (i) a merger or consolidation in which securities
         possessing more than fifty percent (50%) of the total combined voting
         power of the Corporation's outstanding securities are transferred to a
         person or persons different from the persons holding those securities
         immediately prior to such transaction, or

                           (ii) the sale, transfer or other disposition of all
         or substantially all of the assets of the Corporation in complete
         liquidation or dissolution of the Corporation.

                  G. CORPORATION shall mean Infoseek Corporation, a California
corporation, and any corporate successor to all or substantially all of the
assets or voting stock of Infoseek Corporation which shall by appropriate action
adopt the Plan.

                                      A-1.
<PAGE>   11
                  H. EFFECTIVE TIME shall mean the time at which the
Underwriting Agreement is executed and finally priced. Any Corporate Affiliate
which becomes a Participating Corporation after such Effective Time shall
designate a subsequent Effective Time with respect to its employee-Participants.

                  I. ELIGIBLE EMPLOYEE shall mean any person who is employed by
a Participating Corporation on a basis under which he or she is regularly
expected to render more than twenty (20) hours of service per week for more than
five (5) months per calendar year for earnings considered wages under Code
Section 3401(a).

                  J. ENTRY DATE shall mean the date an Eligible Employee first
commences participation in the offering period in effect under the Plan. The
earliest Entry Date under the Plan shall be the Effective Time.

                  K. FAIR MARKET VALUE per share of Common Stock on any relevant
date shall be determined in accordance with the following provisions:

                           (i) If the Common Stock is at the time traded on the
         Nasdaq National Market, then the Fair Market Value shall be the closing
         selling price per share of Common Stock on the date in question, as
         such price is reported by the National Association of Securities
         Dealers on the Nasdaq National Market or any successor system. If there
         is no closing selling price for the Common Stock on the date in
         question, then the Fair Market Value shall be the closing selling price
         on the last preceding date for which such quotation exists.

                           (ii) If the Common Stock is at the time listed on any
         Stock Exchange, then the Fair Market Value shall be the closing selling
         price per share of Common Stock on the date in question on the Stock
         Exchange determined by the Plan Administrator to be the primary market
         for the Common Stock, as such price is officially quoted in the
         composite tape of transactions on such exchange. If there is no closing
         selling price for the Common Stock on the date in question, then the
         Fair Market Value shall be the closing selling price on the last
         preceding date for which such quotation exists.

                           (iii) For purposes of the initial offering period
         which begins at the Effective Time, the Fair Market Value shall be
         deemed to be equal to the price per share at which the Common Stock is
         sold in the initial public offering pursuant to the Underwriting
         Agreement.

                  L. 1933 ACT shall mean the Securities Act of 1933, as amended.

                                      A-2.
<PAGE>   12
                  M. PARTICIPANT shall mean any Eligible Employee of a
Participating Corporation who is actively participating in the Plan.

                  N. PARTICIPATING CORPORATION shall mean the Corporation and
such Corporate Affiliate or Affiliates as may be authorized from time to time by
the Board to extend the benefits of the Plan to their Eligible Employees. The
Participating Corporations in the Plan as of the Effective Time are listed in
attached Schedule A.

                  O. PLAN shall mean the Corporation's Employee Stock Purchase
Plan, as set forth in this document.

                  P. PLAN ADMINISTRATOR shall mean the committee of two (2) or
more Board members appointed by the Board to administer the Plan.

                  Q. PURCHASE DATE shall mean the last business day of each
Purchase Interval. The initial Purchase Date shall be the last business day of
January 1997.

                  R. QUARTERLY ENTRY DATE shall mean the date on which an
Eligible Employee may first enter an offering period. The Quarterly Entry Dates
for each offering period shall be the first business day of February, May,
August and November.

                  S. PURCHASE INTERVAL shall mean each successive period within
the offering period at the end of which there shall be purchased shares of
Common Stock on behalf of each Participant.

                  T. STOCK EXCHANGE shall mean either the American Stock
Exchange or the New York Stock Exchange.

                  U. UNDERWRITING AGREEMENT shall mean the agreement between the
Corporation and the underwriter or underwriters managing the initial public
offering of the Common Stock.


                                      A-3.




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