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Exhibit 10.16

Summary of Unwritten Compensation Arrangements
Applicable to Non-Employee Directors of Overstock.com, Inc.

        During 2012 the Company paid its non-employee directors $50,000
annually, at the rate of $12,500 per quarter. During 2013 the Company will pay
its non-employee directors $60,000 annually, at the rate of $15,000 per quarter.
The Company also grants restricted stock units to directors, generally at the
first Board meeting after the director first joins the Board, and periodically
thereafter. In 2012, the Company granted restricted stock units to non-employee
directors as follows:

Name
  Grant Date   Number of
Restricted Stock Units
Granted(1)  

Allison H. Abraham

    May 3, 2012     17,500  

Barclay F. Corbus

    May 3, 2012     17,500  

Joseph J. Tabacco, Jr. 

    May 3, 2012     17,500  

Samuel A. Mitchell

    May 3, 2012     17,500  

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(1)Each restricted stock unit represents a contingent right to receive one share
of Overstock.com, Inc. common stock. The restricted stock units vest as to 25%
at the close of business on the first anniversary of the date of grant, 25% at
the second anniversary of the date of grant, and the remaining 50% at the third
anniversary of the date of grant. Vested shares are delivered promptly after the
restricted stock units vest.

        The Company also reimburses directors for out-of-pocket expenses
incurred in connection with attending Board and committee meetings. Haverford
Valley, L.C., an affiliate of the Company, and certain affiliated entities which
make travel arrangements for the Company's executives, also occasionally make
travel arrangements for directors to attend Board meetings, for which the
Company reimburses Haverford Valley at rates not in excess of commercially
available airline rates.

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Exhibit 10.16

Summary of Unwritten Compensation Arrangements Applicable to Non-Employee
Directors of Overstock.com, Inc.