BIG ENTERTAINMENT, INC.
1993 STOCK OPTION PLAN
AS AMENDED OCTOBER 1, 1999
1. PURPOSE. The purpose of this Plan is to advance the interests of BIG ENTERTAINMENT, INC., a Florida
corporation (the "Company"), by providing an additional incentive to attract and retain qualified and competent
persons as employees or consultants or upon whose efforts and judgment the success of the Company is largely
dependent, through the encouragement of stock ownership in the Company by such persons.
2. DEFINITIONS. As used herein, the following terms shall have the meaning indicated:
(a) "Board" shall mean the Board of Directors of the Company.
(b) "Cause" shall mean the termination of an Optionee's employment (or in the case of a consultant, the removal
of the Optionee as a consultant) by reason of the Optionee's willful misconduct or gross negligence.
(c) "Committee" shall mean the stock option committee appointed by the Board pursuant to Section 13 hereof or,
if not appointed, the Board.
(d) "Common Stock" shall mean the Company's Common Stock, par value $.01 per share.
(e) "Director" shall mean a member of the Board.
(f) "Disinterested Person" shall mean a Director who is not, during the one year prior to his or her service as an
administrator of this Plan, or during such service, granted or awarded equity securities pursuant to this Plan or any
other plan of the Company or any of its affiliates, except that:
(i) participation in a formula plan meeting the conditions in paragraph (c)(2)(ii) of Rule 16b-3 promulgated under
the Securities Exchange Act shall not disqualify a Director from being a Disinterested Person;
(ii) participation in an ongoing securities acquisition plan meeting the conditions in paragraph (d)(2)(i) of Rule
16b-3 promulgated under the Securities Exchange Act shall not disqualify a Director from being a Disinterested
(iii) an election to receive an annual retainer fee in either cash or an equivalent amount of securities, or partly in
cash and partly in securit