
<PAGE>   1

                                                                    Exhibit 99.4
                                  IMANAGE, INC.

                                54, WHITNEY PLACE
                                FREMONT, CA 94539


                                 1997 STOCK PLAN

                          ADOPTED ON NOVEMBER 10, 1997


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<TABLE>

<S>                                                                                        <C>
SECTION 1. ESTABLISHMENT AND PURPOSE.........................................................1


SECTION 2. ADMINISTRATION....................................................................1

        (a)    Committees of the Board of Directors..........................................1
        (b)    Authority of the Board of Directors...........................................1

SECTION 3. ELIGIBILITY.......................................................................1

        (a)    General Rule..................................................................1
        (b)    Ten-Percent Shareholders......................................................1

SECTION 4. STOCK SUBJECT TO PLAN.............................................................1

        (a)    Basic Limitation..............................................................1
        (b)    Additional Shares.............................................................2

SECTION 5. TERMS AND CONDITIONS OF AWARDS OR SALES...........................................2

        (a)    Stock Purchase Agreement......................................................2
        (b)    Duration of Offers and Nontransferability of Rights...........................2
        (c)    Purchase Price................................................................2
        (d)    Withholding Taxes.............................................................2
        (e)    Restrictions on Transfer of Shares and Minimum Vesting........................2
        (f)    Accelerated Vesting...........................................................3

SECTION 6. TERMS AND CONDITIONS OF OPTIONS...................................................3

        (a)    Stock Option Agreement........................................................3
        (b)    Number of Shares..............................................................3
        (c)    Exercise Price................................................................3
        (d)    Withholding Taxes.............................................................3
        (e)    Exercisability................................................................3
        (f)    Accelerated Exercisability....................................................4
        (g)    Basic Term....................................................................4
        (h)    Nontransferability............................................................4
        (i)    Termination of Service (Except by Death)......................................4
        (j)    Leaves of Absence.............................................................5
        (k)    Death of Optionee.............................................................5
        (l)    No Rights as a Shareholder....................................................5
        (m)    Modification, Extension and Assumption of Options.............................5
        (n)    Restrictions on Transfer of Shares and Minimum Vesting........................5
        (o)    Accelerated Vesting...........................................................6
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                            1997 iManage Stock Plan


<TABLE>

<S>                                                                                        <C>
SECTION 7.  PAYMENT FOR SHARES...............................................................6

        (a)    General Rule..................................................................6
        (b)    Surrender of Stock............................................................6
        (c)    Services Rendered.............................................................6
        (d)    Promissory Note...............................................................6
        (e)    Exercise/Sale.................................................................6
        (f)    Exercise/Pledge...............................................................6

SECTION 8.  ADJUSTMENT OF SHARES.............................................................7

        (a)    General.......................................................................7
        (b)    Mergers and Consolidations....................................................7
        (c)    Reservation of Rights.........................................................7

SECTION 9.  SECURITIES LAW REQUIREMENTS......................................................7

        (a)    General.......................................................................7
        (b)    Financial Reports.............................................................8

SECTION 10. NO RETENTION RIGHTS..............................................................8


SECTION 11. DURATION AND AMENDMENTS..........................................................8

        (a)    Term of the Plan..............................................................8
        (b)    Right to Amend or Terminate the Plan..........................................8
        (c)    Effect of Amendment or Termination............................................8

SECTION 12. DEFINITIONS......................................................................8


SECTION 13. EXECUTION.......................................................................11

</TABLE>


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                          IMANAGE, INC. 1997 STOCK PLAN


SECTION 1. ESTABLISHMENT AND PURPOSE.

        The purpose of the Plan is to offer selected individuals an opportunity
to acquire a proprietary interest in the success of the Company, or to increase
such interest, by purchasing Shares of the Company's Stock. The Plan provides
both for the direct award or sale of Shares and for the grant of Options to
purchase Shares. Options granted under the Plan may include Nonstatutory Options
as well as ISOs intended to qualify under Section 422 of the Code.

        Capitalized terms are defined in Section 12.

SECTION 2. ADMINISTRATION.

        (a) COMMITTEES OF THE BOARD OF DIRECTORS. The Plan may be administered
by one or more Committees. Each Committee shall consist of two or more members
of the Board of Directors who have been appointed by the Board of Directors.
Each Committee shall have such authority and be responsible for such functions
as the Board of Directors has assigned to it. If no Committee has been
appointed, the entire Board of Directors shall administer the Plan. Any
reference to the Board of Directors in the Plan shall be construed as a
reference to the Committee (if any) to whom the Board of Directors has assigned
a particular function.

        (b) AUTHORITY OF THE BOARD OF DIRECTORS. Subject to the provisions of
the Plan, the Board of Directors shall have full authority and discretion to
take any actions it deems necessary or advisable for the administration of the
Plan. All decisions, interpretations and other actions of the Board of Directors
shall be final and binding on all Purchasers, all Optionees and all persons
deriving their rights from a Purchaser or Optionee.

SECTION 3. ELIGIBILITY.

        (a) GENERAL RULE. Only Employees, Outside Directors and Consultants
shall be eligible for the grant of Options or the direct award or sale of
Shares. Only Employees shall be eligible for the grant of ISOS.

        (b) TEN-PERCENT SHAREHOLDERS. An individual who owns more than 10% of
the total combined voting power of all classes of outstanding stock of the
Company, its Parent or any of its Subsidiaries shall not be eligible for
designation as an Optionee or Purchaser unless (i) the Exercise Price is at
least I 10% of the Fair Market Value of a Share on the date of grant, (ii) the
Purchase Price (if any) is at least 100% of the Fair Market Value of a Share and
(iii) in the case of an ISO, such ISO by its terms is not exercisable after the
expiration of five years from the date of grant. For purposes of this Subsection
(b), in determining stock ownership, the attribution rules of Section 424(d) of
the Code shall be applied.

SECTION 4. STOCK SUBJECT TO PLAN.

        (a) BASIC LIMITATION. The aggregate number of Shares that may be issued
under the Plan (upon exercise of Options or other rights to acquire Shares)
shall not exceed 400,000 


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                            1997 iManage Stock Plan


Shares, subject to adjustment pursuant to Section 8. The number of Shares that
are subject to Options or other rights outstanding at any time under the Plan
shall not exceed the number of Shares that then remain available for issuance
under the Plan. The Company, during the term of the Plan, shall at all times
reserve and keep available sufficient Shares to satisfy the requirements of the
Plan.

        (b) ADDITIONAL SHARES. In the event that any outstanding Option or other
right for any reason expires or is canceled or otherwise terminated, the Shares
allocable to the unexercised portion of such Option or other right shall again
be available for the purposes of the Plan. In the event that Shares issued under
the Plan are reacquired by the Company pursuant to any forfeiture provision,
right of repurchase or right of first refusal, such Shares shall again be
available for the purposes of the Plan, except that the aggregate number of
Shares which may be issued upon the exercise of ISOs shall in no event exceed
400,000 Shares (subject to adjustment pursuant to Section 8).

SECTION 5. TERMS AND CONDITIONS OF AWARDS OR SALES.

        (a) STOCK PURCHASE AGREEMENT. Each award or sale of Shares under the
Plan (other than upon exercise of an Option) shall be evidenced by a Stock
Purchase Agreement between the Purchaser and the Company. Such award or sale
shall be subject to all applicable terms and conditions of the Plan and may be
subject to any other terms and conditions which are not inconsistent with the
Plan and which the Board of Directors deems appropriate for inclusion in a Stock
Purchase Agreement. The provisions of the various Stock Purchase Agreements
entered into under the Plan need not be identical.

        (b) DURATION OF OFFERS AND NONTRANSFERABILITY OF RIGHTS. Any right to
acquire Shares under the Plan (other than an Option) shall automatically expire
if not exercised by the Purchaser within 30 days after the grant of such right
was communicated to the Purchaser by the Company. Such right shall not, be
transferable and shall be exercisable only by the Purchaser to whom such right
was granted.

        (c) PURCHASE PRICE. The Purchase Price of Shares to be offered under the
Plan shall not be less than 85% of the Fair Market Value of such Shares, and a
higher percentage may be required by Section 3(b). Subject to the preceding
sentence, the Purchase Price shall be determined by the Board of Directors at
its sole discretion. The Purchase Price shall be payable in a form described in
Section 7.

        (d) WITHHOLDING TAXES. As a condition to the purchase of Shares, the
Purchaser shall make such arrangements as the Board of Directors may require for
the satisfaction of any federal, state, local or foreign withholding tax
obligations that may arise in connection with such purchase.

        (e) RESTRICTIONS ON TRANSFER OF SHARES AND MINIMUM VESTING. Any Shares
awarded or sold under the Plan shall be subject to such special forfeiture
conditions, rights of repurchase, rights of first refusal and other transfer
restrictions as the Board of Directors may determine. Such restrictions shall be
set forth in the applicable Stock Purchase Agreement and shall apply in addition
to any restrictions that may apply to holders of Shares generally. In the 



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case of a Purchaser who is not an officer of the Company, an Outside Director or
a Consultant, any right to repurchase the Purchaser's Shares at the original
Purchase Price (if any) upon termination of the Purchaser's Service shall lapse
at least as rapidly as 20% per year over the five-year period commencing on the
date of the award or sale of the Shares. Any such right may be exercised only
within 90 days after the termination of the Purchaser's Service for cash or for
cancellation of indebtedness incurred in purchasing the Shares.

        (f) ACCELERATED VESTING. Unless the applicable Stock Purchase Agreement
provides otherwise, any right to repurchase a Purchaser's Shares at the original
Purchase Price (if any) upon termination of the Purchaser's Service shall lapse
and all of such Shares shall become vested if (i) the Company is subject to a
Change in Control before the Purchaser's Service terminates and (ii) the
repurchase right is not assigned to the entity that employs the Purchaser
immediately after the Change in Control or to its parent or subsidiary.

SECTION 6. TERMS AND CONDITIONS OF OPTIONS.

        (a) STOCK OPTION AGREEMENT. Each grant of an Option under the Plan shall
be evidenced by a Stock Option Agreement between the Optionee and the Company.
Such Option shall be subject to all applicable terms and conditions of the Plan
and may be subject to any other terms and conditions which are not inconsistent
with the Plan and which the Board of Directors deems appropriate for inclusion
in a Stock Option Agreement. The provisions of the various Stock Option
Agreements entered into under the Plan need not be identical.

        (b) NUMBER OF SHARES. Each Stock Option Agreement shall specify the
number of Shares that are subject to the Option and shall provide for the
adjustment of such number in accordance with Section 8. The Stock Option
Agreement shall also specify whether the Option is an ISO or a Nonstatutory
Option.

        (c) EXERCISE PRICE. Each Stock Option Agreement shall specify the
Exercise Price. The Exercise Price of an ISO shall not be less than 100% of the
Fair Market Value of a Share on the date of grant, and a higher percentage may
be required by Section 3(b). The Exercise Price of a Nonstatutory Option shall
not be less than 85% of the Fair Market Value of a Share on the date of grant,
and a higher percentage may be required by Section 3(b). Subject to the
preceding two sentences, the Exercise Price under any Option shall be determined
by the Board of Directors at its sole discretion. The Exercise Price shall be
payable in a form described in Section 7.

        (d) WITHHOLDING TAXES. As a condition to the exercise of an Option, the
Optionee shall make such arrangements as the Board of Directors may require for
the satisfaction of any federal, state, local or foreign withholding tax
obligations that may arise in connection with such exercise. The Optionee shall
also make such arrangements as the Board of Directors may require for the
satisfaction of any federal, state, local or foreign withholding tax obligations
that may arise in connection with the disposition of Shares acquired by
exercising an Option.

        (e) EXERCISABILITY. Each Stock Option Agreement shall specify the date
when all or any installment of the Option is to become exercisable. In the case
of an Optionee who is not an officer of the Company, an Outside Director or a
Consultant, an Option shall become exercisable 




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                            1997 iManage Stock Plan

at least as rapidly as 20% per year over the five-year period commencing on the
date of the grant. Subject to the preceding sentence, the exercisability
provisions of any Stock Option Agreement shall be determined by the Board of
Directors at its sole discretion.

        (f) ACCELERATED EXERCISABILITY. Unless the applicable Stock Option
Agreement provides otherwise, all of an Optionee's Options shall become
exercisable in full if (i) the Company is subject to a Change in Control before
the Optionee's Service terminates, (ii) such Options do not remain outstanding,
(iii) such Options are not assumed by the surviving corporation or its parent
and (iv) the surviving corporation or its parent does not substitute options
with substantially the same terms for such Options.

        (g) BASIC TERM. The Stock Option Agreement shall specify the term of the
Option. The term shall not exceed 10 years from the date of grant, and a shorter
term may be required by Section 3(b). Subject to the preceding sentence, the
Board of Directors at its sole discretion shall determine when an Option is to
expire.

        (h) NONTRANSFERABILITY. No Option shall be transferable by the Optionee
other than by beneficiary designation, will or the laws of descent and
distribution. An Option may be exercised during the lifetime of the Optionee
only by the Optionee or by the Optionee's guardian or legal representative. No
Option or interest therein may be transferred, assigned, pledged or hypothecated
by the Optionee during the Optionee's lifetime, whether by operation of law or
otherwise, or be made subject to execution, attachment or similar process.

        (i) TERMINATION OF SERVICE (EXCEPT BY DEATH). If an Optionee's Service
terminates for any reason other than the Optionee's death, then the Optionee's
Options shall expire on the earliest of the following occasions:

                        (i) The expiration date determined pursuant to
                Subsection (g) above;

                        (ii) The date three months after the termination of the
                Optionee's Service for any reason other than Disability, or such
                later date as the Board of Directors may determine; or,

                        (iii) The date six months after the termination of the
                Optionee's Service by reason of Disability, or such later date
                as the Board of Directors may determine.

The Optionee may exercise all or part of the Optionee's Options at any time
before the expiration of such Options under the preceding sentence, but only to
the extent that such Options had become exercisable before the Optionee's
Service terminated (or became exercisable as a result of the termination) and
the underlying Shares had vested before the Optionee's Service terminated (or
vested as a result of the termination). The balance of such Options shall lapse
when the Optionee's Service terminates. In the event that the Optionee dies
after the termination of the Optionee's Service but before the expiration of the
Optionee's Options, all or part of such Options may be exercised (prior to
expiration) by the executors or administrators of the Optionee's estate or by
any person who has acquired such Options directly from the Optionee by
beneficiary designation, bequest or inheritance, but only to the extent that
such Options had become exercisable before the Optionee's Service terminated (or
became exercisable as a result 




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of the termination) and the underlying Shares had vested before the Optionee's
Service terminated (or vested as a result of the termination).

        (j) LEAVES OF ABSENCE. For purposes of Subsection (i) above, Service
shall be deemed to continue while the Optionee is on a bona fide leave of
absence, if such leave was V/ approved by the Company in writing and if
continued crediting of Service for this purpose is expressly required by the
terms of such leave or by applicable law (as determined by the Company).

        (k) DEATH OF OPTIONEE. If an Optionee dies while the Optionee is in
Service, then the Optionee's Options shall expire on the earlier of the
following dates:

                        (i) The expiration date determined pursuant to
                Subsection (g) above;or

                        (ii) The date 12 months after the Optionee's death.

All or part of the Optionee's Options may be exercised at any time before the
expiration of such Options under the preceding sentence by the executors or
administrators of the Optionee's estate or by any person who has acquired such
Options directly from the Optionee by beneficiary designation, bequest or
inheritance, only to the extent that such Options had become exercisable before
the Optionee's death or became exercisable as a result of the death. The balance
of such Options shall lapse when the Optionee dies.

        (l) NO RIGHTS AS A SHAREHOLDER. An Optionee, or a transferee of an
Optionee, shall have no rights as a shareholder with respect to any Shares
covered by the Optionee's Option until such person becomes entitled to receive
such Shares by filing a notice of exercise and paying the Exercise Price
pursuant to the terms of such Option.

        (m) MODIFICATION, EXTENSION AND ASSUMPTION OF OPTIONS. Within the
limitations of the Plan, the Board of Directors may modify, extend or assume
outstanding Options or may accept the cancellation of outstanding Options
(whether granted by the Company or another issuer) in return for the grant of
new Options for the same or a different number of Shares and at the same or a
different Exercise Price. The foregoing notwithstanding, no modification of an
Option shall, without the consent of the Optionee, impair the Optionee's rights
or increase the Optionee's obligations under such Option.

        (n) RESTRICTIONS ON TRANSFER OF SHARES AND MINIMUM VESTING. Any Shares
issued upon exercise of an Option shall be subject to such special forfeiture
conditions, rights of repurchase, rights of first refusal and other transfer
restrictions as the Board of Directors may determine. Such restrictions shall be
set forth in the applicable Stock Option Agreement and shall apply in addition
to any restrictions that may apply to holders of Shares generally. In the case
of an Optionee who is not an officer of the Company, an Outside Director or a
Consultant, any right to repurchase the Optionee's Shares at the original
Exercise Price upon termination of the Optionee's Service shall lapse at least
as rapidly as 20% per year over the five-year period commencing on the date of
the option grant. Any such repurchase right may be exercised only within 90 days
after the termination of the Optionee's Service for cash or for cancellation of
indebtedness incurred in purchasing the Shares.



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        (o) ACCELERATED VESTING. Unless the applicable Stock Option Agreement
provides otherwise, any right to repurchase an Optionee's Shares at the original
Exercise Price upon termination of the Optionee's Service shall lapse and all of
such Shares shall become vested if (i) the Company is subject to a Change in
Control before the Optionee's Service terminates and (ii) the repurchase right
is not assigned to the entity that employs the Optionee immediately after the
Change in Control or to its parent or subsidiary.

SECTION 7. PAYMENT FOR SHARES.

        (a) GENERAL RULE. The entire Purchase Price or Exercise Price of Shares
issued under the Plan shall be payable in cash or cash equivalents at the time
when such Shares are purchased, except as otherwise provided in this Section 7.

        (b) SURRENDER OF STOCK. To the extent that a Stock Option Agreement so
provides, all or any part of the Exercise Price may be paid by surrendering, or
attesting to the ownership of, Shares that are already owned by the Optionee.
Such Shares shall be surrendered to the Company in good form for transfer and
shall be valued at their Fair Market Value on the date when the Option is
exercised. The Optionee shall not surrender, or attest to the ownership of,
Shares in payment of the Exercise Price if such action would cause the Company
to recognize compensation expense (or additional compensation expense) with
respect to the Option for financial reporting purposes.

        (c) SERVICES RENDERED. At the discretion of the Board of Directors,
Shares may be awarded under the Plan in consideration of services rendered to
the Company, a Parent or a Subsidiary prior to the award.

        (d) PROMISSORY NOTE. To the extent that a Stock Option Agreement or
Stock Purchase Agreement so provides, all or a portion of the Exercise Price or
Purchase Price (as the case may be) of Shares issued under the Plan may be paid
with a full-recourse promissory note. The Shares shall be pledged as security
for payment of the principal amount of the promissory note and interest thereon.
The interest rate payable under the terms of the promissory note shall not be
less than the minimum rate (if any) required to avoid the imputation of
additional interest under the Code. Subject to the foregoing, the Board of
Directors (at its sole discretion) shall specify the term, interest rate,
amortization requirements (if any) and other provisions of such note.

        (e) EXERCISE/SALE. To the extent that a Stock Option Agreement so
provides, and if Stock is publicly traded, payment may be made all or in part by
the delivery (on a form prescribed by the Company) of an irrevocable direction
to a securities broker approved by the Company to sell Shares and to deliver all
or part of the sales proceeds to the Company in payment of all or part of the
Exercise Price and any withholding taxes.

        (f) EXERCISE/PLEDGE. To the extent that a Stock Option Agreement so
provides, and if Stock is publicly traded, payment may be made all or in part by
the delivery (on a form prescribed by the Company) of an irrevocable direction
to pledge Shares to a securities broker or lender approved by the Company, as
security for a loan, and to deliver all or part of the loan 



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proceeds to the Company in payment of all or part of the Exercise Price and any
withholding taxes.

SECTION 8. ADJUSTMENT OF SHARES.

        (a) GENERAL. In the event of a subdivision of the outstanding Stock, a
declaration of a dividend payable in Shares, a declaration of an extraordinary
dividend payable in a form other than Shares in an amount that has a material
effect on the Fair Market Value of the Stock, a combination or consolidation of
the outstanding Stock into a lesser number of Shares, a recapitalization, a
spin-off, a reclassification or a similar occurrence, the Board of Directors
shall make appropriate adjustments in one or more of (i) the number of Shares
available for future grants under Section 4, (ii) the number of Shares covered
by each outstanding Option or (iii) the Exercise Price under each outstanding
Option.

        (b) MERGERS AND CONSOLIDATIONS. In the event that the Company is a party
to a merger or consolidation, outstanding Options shall be subject to the
agreement of merger or consolidation. Such agreement, without the Optionees'
consent, may provide for:

                        (i) The continuation of such outstanding Options by the
                Company (if the Company is the surviving corporation);

                        (ii) The assumption of the Plan and such outstanding
                Options by the surviving corporation or its parent;

                        (iii) The substitution by the surviving corporation or
                its parent of options with substantially the same terms for such
                outstanding Options; or

                        (iv) The cancellation of such outstanding Options
                without payment of any consideration.

        (c) RESERVATION OF RIGHTS. Except as provided in this Section 8, an
Optionee or Purchaser shall have no rights by reason of (i) any subdivision or
consolidation of shares of stock of any class, (ii) the payment of any dividend
or (iii) any other increase or decrease in the number of shares of stock of any
class. Any issuance by the Company of shares of stock of any class, or
securities convertible into shares of stock of any class, shall not affect, and
no adjustment by reason thereof shall be made with respect to, the number or
Exercise Price of Shares subject to an

Option. The grant of an Option pursuant to the Plan shall not affect in any way
the right or power of the Company to make adjustments, reclassifications,
reorganizations or changes of its capital or business structure, to merge or
consolidate or to dissolve, liquidate, sell or transfer all or any part of its
business or assets.

SECTION 9. SECURITIES LAW REQUIREMENTS.

        (a) GENERAL. Shares shall not be issued under the Plan unless the
issuance and delivery of such Shares comply with (or are exempt from) all
applicable requirements of law, including (without limitation) the Securities
Act of 1933, as amended, the rules and regulations 


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promulgated thereunder, state securities laws and regulations, and the
regulations of any stock exchange or other securities market on which the
Company's securities may then be traded.

        (b) FINANCIAL REPORTS. The Company each year shall furnish to Optionees,
Purchasers and shareholders who have received Stock under the Plan its balance
sheet and income statement, unless such Optionees, Purchasers or shareholders
are key Employees whose duties with the Company assure them access to equivalent
information. Such balance sheet and income statement need not be audited.

SECTION 10. NO RETENTION RIGHTS.

        Nothing in the Plan or in any right or Option granted under the Plan
shall confer upon the Purchaser or 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 Company (or any Parent or Subsidiary employing or
retaining the Purchaser or Optionee) or of the Purchaser or Optionee, which
rights are hereby expressly reserved by each, to terminate his or her Service at
any time and for any reason, with or without cause.

SECTION 11. DURATION AND AMENDMENTS.

        (a) TERM OF THE PLAN. The Plan, as set forth herein, shall become
effective on the date of its adoption by the Board of Directors, subject to the
approval of the Company's shareholders. In the event that the shareholders fail
to approve the Plan within 12 months after its adoption by the Board of
Directors, any grants of Options or sales or awards of Shares that have already
occurred shall be rescinded, and no additional grants, sales or awards shall be
made thereafter under the Plan. The Plan shall terminate automatically 10 years
after its adoption by the Board of Directors and may be terminated on any
earlier date pursuant to Subsection (b) below.

        (b) RIGHT TO AMEND OR TERMINATE THE PLAN. The Board of Directors may
amend, suspend or terminate the Plan at any time and for any reason; provided,
however, that any amendment of the Plan which increases the number of Shares
available for issuance under the Plan (except as provided in Section 8), or
which materially changes the class of persons who are eligible for the grant of
ISOS, shall be subject to the approval of the Company's shareholders.
Shareholder approval shall not be required for any other amendment of the Plan.

        (c) EFFECT OF AMENDMENT OR TERMINATION. No Shares shall be issued or
sold under the Plan after the termination thereof, except upon exercise of an
Option granted prior to such termination. The termination of the Plan, or any
amendment thereof, shall not affect any Share previously issued or any Option
previously granted under the Plan.

SECTION 12. DEFINITIONS.

        (a) "BOARD OF DIRECTORS" shall mean the Board of Directors of the
Company, as constituted from time to time.

        (b) "CHANGE IN CONTROL" shall mean:

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                        (i) The consummation of a merger or consolidation of the
                Company with or into another entity or any other corporate
                reorganization, if more than 50% of the combined voting power of
                the continuing or surviving entity's securities outstanding
                immediately after such merger, consolidation or other
                reorganization is owned by persons who were not shareholders of
                the Company immediately prior to such merger, consolidation or
                other reorganization; or

                        (ii) The sale, transfer or other disposition of all or
                substantially all of the Company's assets.

A transaction shall not constitute a Change in Control if its sole purpose is to
change the state of the Company's incorporation or to create a holding company
that will be owned in substantially the same proportions by the persons who held
the Company's securities immediately before such transaction. 

        (c) "CODE" shall mean the Internal Revenue Code of 1986, as amended.

        (d) "COMMITTEE" shall mean a committee of the Board of Directors, as
described in Section 2(a).

        (e) "COMPANY" shall mean iManage, Inc., a California corporation.

        (f) "CONSULTANT" shall mean a person who performs bona fide services for
the Company, a Parent or a Subsidiary as a consultant or advisor, excluding
Employees and Outside Directors.

        (g) "DISABILITY" shall mean that the Optionee is unable to engage in any
substantial gainful activity by reason of any medically determinable physical or
mental impairment.

        (h) "Employee" shall mean any individual who is a common-law employee of
the Company, a Parent or a Subsidiary.

        (i) "EXERCISE PRICE" shall mean the amount for which one Share may be
purchased upon exercise of an Option, as specified by the Board of Directors in
the applicable Stock Option Agreement.

        (j) "FAIR MARKET VALUE" shall mean the fair market value of a Share, as
determined by the Board of Directors in good faith. Such determination shall be
conclusive and binding on all persons.

        (k) "ISO" shall mean an employee incentive stock option described in
Section 422(b) of the Code.

        (l) "NONSTATUTORY OPTION" shall mean a stock option not described in
Sections 422(b) or 423(b) of the Code.

        (m) "OPTION" shall mean an ISO or Nonstatutory Option granted under the
Plan and entitling the holder to purchase Shares.

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        (n) "OPTIONEE" shall mean an individual who holds an Option.

        (o) "OUTSIDE DIRECTOR" shall mean a member of the Board of Directors who
is not an Employee.

        (p) "PARENT" shall mean any corporation (other than the Company) in an
unbroken chain of corporations ending with the Company, if each of the
corporations other than the Company owns stock possessing 50% or more of the
total combined voting power of all classes of stock in one of the other
corporations in such chain. A corporation that attains the status of a Parent on
a date after the adoption of the Plan shall be considered a Parent commencing as
of such date.

        (q) "PLAN" shall mean this iManage, Inc. 1997 Stock Plan.

        (r) "PURCHASE PRICE" shall mean the consideration for which one Share
may be acquired under the Plan (other than upon exercise of an Option), as
specified by the Board of Directors.

        (s) "PURCHASER" shall mean an individual to whom the Board of Directors
has offered the right to acquire Shares under the Plan (other than upon exercise
of an Option).

        (t) "SERVICE" shall mean service as an Employee, Outside Director or
Consultant.

        (u) "SHARE" shall mean one share of Stock, as adjusted in accordance
with Section 8 (if applicable).

        (v) "STOCK" shall mean the Common Stock of the Company.

        (w) "STOCK OPTION AGREEMENT" shall mean the agreement between the
Company and an Optionee which contains the terms, conditions and restrictions
pertaining to the Optionee's Option.

        (x) "STOCK PURCHASE AGREEMENT" shall mean the agreement between the
Company and a Purchaser who acquires Shares under the Plan which contains the
terms, conditions and restrictions pertaining to the acquisition of such Shares.

        (y) "SUBSIDIARY" means any corporation (other than the Company) in an
unbroken chain of corporations beginning with the Company, if each of the
corporations other than the last corporation in the unbroken chain owns stock
possessing 50% or more of the total combined voting power of all classes of
stock in one of the other corporations in such chain. A corporation that attains
the status of a Subsidiary on a date. after the adoption of the Plan shall be
considered a Subsidiary commencing as of such date.



                                     Page 10
<PAGE>   14
                            1997 iManage Stock Plan


SECTION 13. EXECUTION.

        To record the adoption of the Plan by the Board of Directors, the
Company has caused its authorized officer to execute the same.

                                            IMANAGE, INC.


                                            By:   
                                               ---------------------------------
                                            Name: 
                                                 -------------------------------
                                            Title:
                                                  ------------------------------




                                     Page 11
<PAGE>   15


                   Resolution For Adoption of 1997 Stock Plan


                                    EXHIBIT B

                             STOCK OPTION AGREEMENT


                                      E-2
<PAGE>   16




[IMANAGE LETTERHEAD]

 
                          IMANAGE, INC. 1997 STOCK PLAN

                          NOTICE OF STOCK OPTION GRANT

You have been granted the following option to purchase Common Stock of iManage,
Inc. (the "Company"):
<TABLE>

<S>                                                         <C> 
                        Name of Optionee:
                                                            --------------------
                        Total Number of Shares Granted:
                                                            --------------------

                        Type of Option:                     ISO/NSO

                        Exercise Price Per Share:
                                                            --------------------

                        Date of Grant:
                                                            --------------------
                        Date Exercisable:                   THIS OPTION MAY BE
                                                            EXERCISED, IN WHOLE
                                                            OR IN PART, FOR 100%
                                                            OF THE SHARES
                                                            SUBJECT TO THIS
                                                            OPTION AT ANY TIME
                                                            AFTER THE DATE OF
                                                            GRANT.

                        Vesting Commencement Date:                                        
                                                            --------------------
                        Vesting Schedule:                   THE RIGHT OF
                                                            REPURCHASE SHALL
                                                            LAPSE WITH RESPECT
                                                            TO THE FIRST 25% OF
                                                            THE SHARES SUBJECT
                                                            TO THIS OPTION WHEN
                                                            THE OPTIONEE
                                                            COMPLETES 12 MONTHS
                                                            OF CONTINUOUS
                                                            SERVICE AFTER THE
                                                            VESTING COMMENCEMENT
                                                            DATE. THE RIGHT OF
                                                            REPURCHASE SHALL
                                                            LAPSE WITH RESPECT
                                                            TO AN ADDITIONAL
                                                            1/48TH OF THE SHARES
                                                            SUBJECT TO THIS
                                                            OPTION WHEN THE
                                                            OPTIONEE COMPLETES
                                                            EACH MONTH OF
                                                            CONTINUOUS SERVICE
                                                            THEREAFTER.

                         Expiration Date:                   (TEN YEARS FROM 
                                                            GRANT DATE)
</TABLE>

By your signature and the signature of the Company's representative below, you
and the Company agree that this option is granted under and governed by the
terms and conditions of the 1997 Stock Plan and the Stock Option Agreement, both
of which are attached to and made a part of this document.

OPTIONEE:                                          IMANAGE, INC.

                                                   By
------------------------                            ----------------------------

                                                   Title: 
------------------------                            ----------------------------
Print Name



