<PAGE>
                                                                  Exhibit 10.34

THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 AS
AMENDED, OR ANY STATE SECURITIES LAWS. THEY MAY NOT BE SOLD, OFFERED FOR SALE,
PLEDGED, OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT
RELATED THERETO OR AN OPINION OF COUNSEL (WHICH MAY BE COMPANY COUNSEL)
REASONABLY SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE STATE SECURITIES
LAWS.

                                WARRANT AGREEMENT

              To Purchase Shares of the Series B Preferred Stock of

                               FURNITURE.COM, INC.

              Dated as of February 24, 1999 (the "Effective Date")

      WHEREAS, Furniture.com, Inc., a Delaware corporation (the "Company") has
entered into a Master Lease Agreement dated as of February 24, 1999, Equipment
Schedule No. VL-1 and VL-2 dated as of February 24, 1999, and related Summary
Equipment Schedules (collectively, the "Leases") with Comdisco, Inc., a Delaware
corporation (the "Warrantholder"); and

      WHEREAS, the Company desires to grant to Warrantholder, in consideration
for such Leases, the right to purchase shares of its Series B Preferred Stock;

      NOW, THEREFORE, in consideration of the Warrantholder executing and
delivering such Leases and in consideration of mutual covenants and agreements
contained herein, the Company and Warrantholder agree as follows:

1.    GRANT OF THE RIGHT TO PURCHASE PREFERRED STOCK.

      The Company hereby grants to the Warrantholder, and the Warrantholder is
entitled, upon the terms and subject to the conditions hereinafter set forth, to
subscribe to and purchase, from the Company, 26,408 fully paid and
non-assessable shares of the Company's Series B Preferred Stock ("Preferred
Stock") at a purchase price of $1.42 per share, as adjusted from time to time,
(the "Exercise Price"). The number and purchase price of such shares are subject
to adjustment as provided in Section 8 hereof.

2.    TERM OF THE WARRANT AGREEMENT.

      Except as otherwise provided for herein, the term of this Warrant
Agreement and the right to purchase Preferred Stock as granted herein shall
commence on the Effective Date and shall be exercisable for a period of (i) ten
(10) years or (ii) five (5) years from the effective date of the Company's
initial public offering ("IPO"), whichever is earlier.

3.    EXERCISE OF THE PURCHASE RIGHTS.

      The purchase rights set forth in this Warrant Agreement are exercisable by
the Warrantholder, in whole or in part, at any time, or from time to time, prior
to the expiration of the term set forth in Section 2 above, by tendering to the
Company at its principal office this Warrant Agreement with a notice of exercise
in the form attached hereto as Exhibit I (the "Notice of Exercise"), duly
completed and executed. Promptly upon receipt of this Warrant Agreement with the
Notice of Exercise and the payment of the purchase price in accordance with the
terms set forth below, and in no event later than thirty (30) days thereafter,
the Company shall issue to the Warrantholder a certificate for the number of
shares of Preferred Stock purchased and shall execute the acknowledgment of
exercise in the form attached hereto as Exhibit II (the "Acknowledgment of
Exercise") indicating the number of shares which remain subject to future
purchases, if any.

      The Exercise Price shall at the Warrantholder's election be paid to the
Company at its principal address either (i) by cash, wire transfer or certified
check, or (ii) by surrender of Warrants ("Net Issuance") as determined below. If
the Warrantholder elects the Net Issuance method, the Company will issue
Preferred Stock in accordance with the following formula:

                  X = Y(A-B)
                      ------
                        A


                                     - 1 -
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      Where: X =     the number of shares of Preferred Stock to be issued
                     to the Warrantholder.

             Y =     the number of shares of Preferred Stock requested to
                     be exercised under this Warrant Agreement.

             A =     the fair market value of one (1) share of Preferred
                     Stock (at the date of calculation).

             B =     the Exercise Price.

      For purposes of the above calculation, current fair market value of
Preferred Stock shall mean with respect to each share of Preferred Stock:

            (i) if the exercise is in connection with an initial public offering
      of the Company's Common Stock, and if the Company's Registration Statement
      relating to such public offering has been declared effective by the SEC,
      then the fair market value per share shall be the product of (x) the
      initial "Price to Public" specified in the final prospectus with respect
      to the offering and (y) the number of shares of Common Stock into which
      each share of Preferred Stock is convertible at the time of such exercise;

            (ii) if this Warrant is exercised after, and not in connection with
      the Company's initial public offering, and:

                  (a) if traded on a securities exchange, the fair market value
            shall be deemed to be the product of (x) the average of the closing
            prices over a twenty-one (21) day period ending three days before
            the day the current fair market value of the securities is being
            determined and (y) the number of shares of Common Stock into which
            each share of Preferred Stock is convertible at the time of such
            exercise; or

                  (b) if actively traded over-the-counter, the fair market value
            shall be deemed to be the product of (x) the average of the closing
            bid and asked prices quoted on the NASDAQ system (or similar system)
            over the twenty-one (21) day period ending three days before the day
            the current fair market value of the securities is being determined
            and (y) the number of shares of Common Stock into which each share
            of Preferred Stock is convertible at the time of such exercise;

            (iii) if at any time the Common Stock is not listed on any
      securities exchange or quoted in the NASDAQ System or the over-the-counter
      market, the current fair market value of Preferred Stock shall be the
      product of (x) the amount as determined in good faith by its Board of
      Directors to represent the fair market value per share of the Common Stock
      and (y) the number of shares of Common Stock into which each share of
      Preferred Stock is convertible at the time of such exercise, unless the
      Company shall become subject to a merger, acquisition or other
      consolidation pursuant to which the Company is not the surviving party, in
      which case the fair market value of Preferred Stock shall be deemed to be
      the value received by the holders of the Company's Preferred Stock on a
      common equivalent basis pursuant to such merger or acquisition.

      Upon partial exercise by either cash or Net Issuance, the Company shall
promptly issue an amended Warrant Agreement representing the remaining number of
shares purchasable hereunder. All other terms and conditions of such amended
Warrant Agreement shall be identical to those contained herein, including, but
not limited to the Effective Date hereof.

4.    RESERVATION OF SHARES.

      (a) Authorization and Reservation of Shares. During the term of this
Warrant Agreement, the Company will at all times have authorized and reserved a
sufficient number of shares of its Preferred Stock to provide for the exercise
of the rights to purchase Preferred Stock as provided for herein.

      (b) Registration or Listing. If any shares of Preferred Stock required to
be reserved hereunder require registration with or approval of any governmental
authority under any Federal or State law (other than any registration under the
Securities Act of 1933, as amended ("1933 Act"), as then in effect, or any
similar Federal statute then enforced, or any state securities law, required by
reason of any transfer involved in such conversion), or listing on any domestic
securities exchange, before such shares may be issued upon conversion, the
Company will, at its expense and as expeditiously as possible, use its best
efforts to cause such shares to be duly registered, listed or approved for
listing on such domestic securities exchange, as the case may be.


                                     - 2 -
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5.    NO FRACTIONAL SHARES OR SCRIP.

      No fractional shares or scrip representing fractional shares shall be
issued upon the exercise of the Warrant, but in lieu of such fractional shares
the Company shall make a cash payment therefor upon the basis of the Exercise
Price then in effect.

6.    NO RIGHTS AS SHAREHOLDER.

      This Warrant Agreement does not entitle the Warrantholder to any voting
rights or other rights as a shareholder of the Company prior to the exercise of
the Warrant.

7.    WARRANTHOLDER REGISTRY.

      The Company shall maintain a registry showing the name and address of the
registered holder of this Warrant Agreement.

8.    ADJUSTMENT RIGHTS.

      The purchase price per share and the number of shares of Preferred Stock
purchasable hereunder are subject to adjustment, as follows:

      (a) Merger and Sale of Assets. If at any time there shall be a capital
reorganization of the shares of the Company's stock (other than a combination,
reclassification, conversion, exchange or subdivision of shares or redemption
otherwise provided for herein), or a merger or consolidation of the Company with
or into another corporation whether or not the Company is the surviving
corporation, or the sale of all or substantially all of the Company's properties
and assets to any other person (hereinafter referred to as a "Merger Event"),
then, as a part of such Merger Event, lawful provision shall be made so that the
Warrantholder shall thereafter be entitled to receive, upon exercise of the
Warrant, the number of shares of preferred stock or other securities of the
successor corporation or other property resulting from such Merger Event,
equivalent in value to that which would have been issuable if Warrantholder had
exercised this Warrant immediately prior to the Merger Event. In any such case,
appropriate adjustment (as determined in good faith by the Company's Board of
Directors) shall be made in the application of the provisions of this Warrant
Agreement with respect to the rights and interest of the Warrantholder after the
Merger Event to the end that the provisions of this Warrant Agreement (including
adjustments of the Exercise Price and number of shares of Preferred Stock
purchasable) shall be applicable to the greatest extent possible.

      (b) Reclassification of Shares. If the securities as to which purchase
rights under this Warrant Agreement exist at any time shall, by combination,
reclassification, conversion, (including without limitation a mandatory
conversion of the Preferred Stock pursuant to Article IV Section B(51) of the
Charter (as defined below)), exchange or subdivision of securities; redemption
or otherwise, change into the same or a different number of securities of any
other class or classes, this Warrant Agreement shall thereafter represent the
right to acquire such number and kind of securities as would have been issuable
as the result of such change with respect to the securities which were subject
to the purchase rights under this Warrant Agreement immediately prior to such
combination, reclassification, conversion, exchange, subdivision, redemption or
other change. After an IPO or an exchange of publicly traded securities which
exist under this agreement, the purchase price per share and the number and kind
of securities or other property purchasable under this Warrant Agreement shall
be subject to adjustment only pursuant to paragraphs (a), (b), (c) and (d), and
not paragraph (f), of this Section 8.

      (c) Subdivision or Combination of Shares. If the Company at any time shall
combine or subdivide its Preferred Stock, the Exercise Price shall be
proportionately decreased in the case of a subdivision, or proportionately
increased in the case of a combination.

      (d) Stock Dividends. If the Company at any time shall pay a dividend
payable in, or make any other distribution (except any distribution specifically
provided for in the foregoing subsections (a) or (b)) of the Company's stock,
then the Exercise Price shall be adjusted, from and after the record date of
such dividend or distribution, to that price determined by multiplying the
Exercise Price in effect immediately prior to such record date by a fraction (i)
the numerator of which shall be the total number of all shares of the Company's
stock outstanding immediately prior to such dividend or distribution, and (ii)
the denominator of which shall be the total number of all shares of the
Company's stock outstanding immediately after such dividend or distribution. The
Warrantholder shall thereafter be entitled to purchase, at the Exercise Price
resulting from such adjustment, the number of shares of Preferred Stock
(calculated to the nearest whole share) obtained by multiplying the Exercise
Price in effect immediately prior to such adjustment by the number of shares of
Preferred Stock issuable upon the exercise hereof immediately prior to such
adjustment and dividing the product thereof by the Exercise Price resulting from
such adjustment.


                                     - 3 -
<PAGE>

      (e) Antidilution Rights. Additional antidilution rights applicable to the
Preferred Stock purchasable hereunder are as set forth in the Company's Amended
and Restated Certificate of Incorporation, as amended through the Effective
Date, a true and complete copy of which is attached hereto as Exhibit IV (the
"Charter"). The Company shall promptly provide the Warrantholder with any
restatement, amendment, modification or waiver of the Charter. The Company shall
provide Warrantholder with prior written notice of any issuance of its stock or
other equity security to occur after the Effective Date of this Warrant (other
than such issuances with respect to which the Company is not required to make an
adjustment to the Series B Conversion Price (as defined in the Charter) pursuant
to Article IV Section B(5e)), which notice shall include (a) the price at which
such stock or security is to be sold, (b) the number of shares to be issued, and
(c) such other information as necessary for Warrantholder to determine if a
dilutive event has occurred.

      (f) Notice of Adjustments. If: (i) the Company shall declare any dividend
or distribution upon its stock, whether in cash, property, stock or other
securities; (ii) the Company shall offer for subscription prorata to the holders
of any class of its Preferred or other convertible stock any additional shares
of stock of any class or other rights; (iii) there shall be any Merger Event;
(iv) there shall be an initial public offering; or (v) there shall be any
voluntary dissolution, liquidation or winding up of the Company; then, in
connection with each such event, the Company shall send to the Warrantholder:
(A) at least twenty (20) days' prior written notice of the date on which the
books of the Company shall close or a record shall be taken for such dividend,
distribution, subscription rights (specifying the date on which the holders of
Preferred Stock shall be entitled thereto) or for determining rights to vote in
respect of such Merger Event, dissolution, liquidation or winding up; (B) in the
case of any such Merger Event, dissolution, liquidation or winding up, at least
twenty (20) days' prior written notice of the date when the same shall take
place (and specifying the date on which the holders of Preferred Stock shall be
entitled to exchange their Preferred Stock for securities or other property
deliverable upon such Merger Event, dissolution, liquidation or winding up); and
(C) in the case of a public offering, the Company shall give the Warrantholder
at least twenty (20) days written notice prior to the effective date thereof.

      Each such written notice shall set forth, in reasonable detail, (i) the
event requiring the adjustment, (ii) the amount of the adjustment, (iii) the
method by which such adjustment was calculated, (iv) the Exercise Price, and (v)
the number of shares subject to purchase hereunder after giving effect to such
adjustment, and shall be given by first class mail, postage prepaid, addressed
to the Warrantholder, at the address as shown on the books of the Company.

      (g) Timely Notice. Failure to timely provide such notice required by
subsection (f) above shall entitle Warrantholder to retain the benefit of the
applicable notice period notwithstanding anything to the contrary contained in
any insufficient notice received by Warrantholder.

9.    REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE COMPANY.

      (a) Reservation of Preferred Stock. The Preferred Stock issuable upon
exercise of the Warrantholder's rights has been duly and validly reserved and,
when issued in accordance with the provisions of this Warrant Agreement, will be
validly issued, fully paid and non-assessable, and will be free of any taxes,
liens, charges or encumbrances of any nature whatsoever; provided, however, that
the Preferred Stock issuable pursuant to this Warrant Agreement may be subject
to restrictions on transfer under state and/or Federal securities laws. The
Company has made available to the Warrantholder true, correct and complete
copies of its Charter and Bylaws, as amended. The issuance of certificates for
shares of Preferred Stock upon exercise of the Warrant Agreement shall be made
without charge to the Warrantholder for any issuance tax in respect thereof, or
other cost incurred by the Company in connection with such exercise and the
related issuance of shares of Preferred Stock. The Company shall not be required
to pay any tax which may be payable in respect of any transfer involved and the
issuance and delivery of any certificate in a name other than that of the
Warrantholder.

      (b) Due Authority. The execution and delivery by the Company of this
Warrant Agreement and the performance of all obligations of the Company
hereunder, including the issuance to Warrantholder of the right to acquire the
shares of Preferred Stock, have been duly authorized by all necessary corporate
action on the part of the Company, and the Leases and this Warrant Agreement are
not inconsistent with the Company's Charter or Bylaws, do not contravene any law
or governmental rule, regulation or order applicable to it, do not and will not
contravene any provision of, or constitute a default under, any indenture,
mortgage, contract or other instrument to which it is a party or by which it is
bound, and the Leases and this Warrant Agreement constitute legal, valid and
binding agreements of the Company, enforceable against the Company in accordance
with their respective terms.

      (c) Consents and Approvals. No consent or approval of, giving of notice
to, registration with, or taking of any other action in respect of any state,
Federal or other governmental authority or agency is required with respect to
the execution, delivery and performance by the Company of its obligations under
this Warrant Agreement,


                                     - 4 -
<PAGE>

except for the filing of notices pursuant to Regulation D under the 1933 Act and
any filing required by applicable state securities law.

      (d) Issued Securities. All issued and outstanding shares of Common Stock,
Preferred Stock or any other securities of the Company have been duly authorized
and validly issued and are fully paid and nonassessable. All outstanding shares
of Common Stock, Preferred Stock and any other securities were issued in full
compliance with all Federal and state securities laws. In addition:

            (i) The authorized capital of the Company consists of (A) 3,040,000
      shares of Class A Common Stock, of which 3,040,000 shares are issued and
      outstanding, 17,250,000 shares of Class B Common Stock, 6,136,070 of which
      are issued and outstanding and (B) 3,009,600 shares of Series A Preferred
      Stock, of which 3,009,600 shares are issued and outstanding and 7,246,036
      shares of Series B Preferred Stock, of which 7,042,254 shares are issued
      and outstanding.

            (ii) The Company has reserved (A) 684,930 shares of Common Stock for
      issuance under its 1998 Incentive Stock Plan, under which 337,500 options
      are outstanding. There are no other options, warrants, conversion
      privileges or other rights presently outstanding to purchase or otherwise
      acquire any authorized but unissued shares of the Company's capital stock
      or other securities of the Company, except as contemplated by this Warrant
      Agreement and the Warrant Agreement of even date herewith with respect to
      176,056 shares of Series B Preferred Stock.

            (iii) In accordance with the Company's Articles of Incorporation, no
      shareholder of the Company has preemptive rights to purchase new issuances
      of the Company's capital stock.

      (e) Other Commitments to Register Securities. Except as set forth in
Amended and Restated Registration Rights Agreement dated December 29, 1998, the
Company is not, pursuant to the terms of any other agreement currently in
existence, under any obligation to register under the 1933 Act any of its
presently outstanding securities or any of its securities which may hereafter be
issued.

      (f) Exempt Transaction. Subject to the accuracy of the Warrantholder's
representations in Section 10 hereof, the issuance of the Preferred Stock upon
exercise of this Warrant will constitute a transaction exempt from (i) the
registration requirements of Section 5 of the 1933 Act, in reliance upon Section
4(2) thereof, and (ii) the qualification requirements of the applicable state
securities laws.

      (g) Compliance with Rule 144. At the written request of the Warrantholder,
who proposes to sell Preferred Stock issuable upon the exercise of the Warrant
in compliance with Rule 144 promulgated by the Securities and Exchange
Commission, the Company shall furnish to the Warrantholder, within ten days
after receipt of such request, a written statement as to the Company's
compliance with the filing requirements of the Securities and Exchange
Commission as set forth in such Rule, as such Rule may be amended from time to
time.

10.   REPRESENTATIONS AND COVENANTS OF THE WARRANTHOLDER.

      This Warrant Agreement has been entered into by the Company in reliance
upon the following representations and covenants of the Warrantholder:

      (a) Investment Purpose. The right to acquire Preferred Stock or the
Preferred Stock issuable upon exercise of the Warrantholder's rights contained
herein will be acquired for investment and not with a view to the sale or
distribution of any part thereof, and the Warrantholder has no present intention
of selling or engaging in any public distribution of the same except pursuant to
a registration or exemption.

      (b) Private Issue. The Warrantholder understands (i) that the Preferred
Stock issuable upon exercise of this Warrant is not registered under the 1933
Act or qualified under applicable state securities laws on the ground that the
issuance contemplated by this Warrant Agreement will be exempt from the
registration and qualifications requirements thereof, and (ii) that the
Company's reliance on such exemption is predicated on the representations set
forth in this Section 10.

      (c) Disposition of Warrantholder's Rights. In no event will the
Warrantholder make a disposition of any of its rights to acquire Preferred Stock
or Preferred Stock issuable upon exercise of such rights unless and until (i) it
shall have notified the Company of the proposed disposition, and (ii) if
requested by the Company, it shall have furnished the Company with an opinion of
counsel (which counsel may either be inside or outside counsel to the
Warrantholder) satisfactory to the Company and its counsel to the effect that
(A) appropriate action necessary for compliance with the 1933 Act has been
taken, or (B) an exemption from the registration requirements of the 1933 Act is
available. Notwithstanding the foregoing, the restrictions imposed upon the
transferability of any of its rights to acquire Preferred Stock or Preferred
Stock issuable on the exercise of such rights do not apply to transfers of mere


                                     - 5 -
<PAGE>

record ownership from the beneficial owner of any of the aforementioned
securities to its nominee or from such nominee to its beneficial owner, and
shall terminate as to any particular share of Preferred Stock when (1) such
security shall have been effectively registered under the 1933 Act and sold by
the holder thereof in accordance with such registration or (2) such security
shall have been sold without registration in compliance with Rule 144 under the
1933 Act, or (3) a letter shall have been issued to the Warrantholder at its
request by the staff of the Securities and Exchange Commission or a ruling shall
have been issued to the Warrantholder at its request by such Commission stating
that no action shall be recommended by such staff or taken by such Commission,
as the case may be, if such security is transferred without registration under
the 1933 Act in accordance with the conditions set forth in such letter or
ruling and such letter or ruling specifies that no subsequent restrictions on
transfer are required. Whenever the restrictions imposed hereunder shall
terminate, as hereinabove provided, the Warrantholder or holder of a share of
Preferred Stock then outstanding as to which such restrictions have terminated
shall be entitled to receive from the Company, without expense to such holder,
one or more new certificates for the Warrant or for such shares of Preferred
Stock not bearing any restrictive legend.

      (d) Financial Risk. The Warrantholder has such knowledge and experience in
financial and business matters as to be capable of evaluating the merits and
risks of its investment, and has the ability to bear the economic risks of its
investment.

      (e) Risk of No Registration. The Warrantholder understands that if the
Company does not register with the Securities and Exchange Commission pursuant
to Section 12 of the 1934 Act (the "1934 Act"), or file reports pursuant to
Section 15(d), of the 1934 Act, or if a registration statement covering the
securities under the 1933 Act is not in effect when it desires to sell (i) the
rights to purchase Preferred Stock pursuant to this Warrant Agreement, or (ii)
the Preferred Stock issuable upon exercise of the right to purchase, it may be
required to hold such securities for an indefinite period. The Warrantholder
also understands that any sale of its rights of the Warrantholder to purchase
Preferred Stock or Preferred Stock which might be made by it in reliance upon
Rule 144 under the 1933 Act may be made only in accordance with the terms and
conditions of that Rule.

      (f) Accredited Investor. Warrantholder is an "accredited investor" within
the meaning of the Securities and Exchange Rule 501 of Regulation D, as
presently in effect.

11.   TRANSFERS.

      Subject to the terms and conditions contained in Section 10 hereof, this
Warrant Agreement and all rights hereunder are transferable in whole or in part
by the Warrantholder and any successor transferee, provided, however, in no
event shall the number of transfers of the rights and interests in all of the
Warrants exceed three (3) transfers. The transfer shall be recorded on the books
of the Company upon receipt by the Company of a notice of transfer in the form
attached hereto as Exhibit III (the "Transfer Notice"), at its principal offices
and the payment to the Company of all transfer taxes and other governmental
charges imposed on such transfer. Until receipt by the Company of the Transfer
Notice in accordance with this Section, the Company may treat the Warrantholder
as the absolute owner for all purposes.

12.   MISCELLANEOUS.

      (a) Effective Date. The provisions of this Warrant Agreement shall be
construed and shall be given effect in all respects as if it had been executed
and delivered by the Company on the date hereof. This Warrant Agreement shall be
binding upon any successors or assigns of the Company.

      (b) Attorney's Fees. In any litigation, arbitration or court proceeding
between the Company and the Warrantholder relating hereto, the prevailing party
shall be entitled to attorneys' fees and expenses and all costs of proceedings
incurred in enforcing this Warrant Agreement.

      (c) Governing Law. This Warrant Agreement shall be governed by and
construed for all purposes under and in accordance with the laws of the
Commonwealth of Massachusetts (without giving effect to principles of conflicts
of laws); provided, however, that to the extent the value of the Warrants is
considered in evaluating compliance with usury laws, the laws of the State of
Illinois shall govern.

      (d) Counterparts. This Warrant Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

      (e) Notices. Any notice required or permitted hereunder shall be given in
writing and shall be deemed effectively given upon personal delivery, facsimile
transmission (provided that the original is sent by personal delivery or mail as
hereinafter set forth) or seven (7) days after deposit in the United States
mail, by registered or certified mail, addressed (i) to the Warrantholder at
6111 North River Road, Rosemont, Illinois 60018, Attention:


                                     - 6 -
<PAGE>

Venture Lease Administration, cc: Legal Department, Attention: General Counsel,
(and/or, if by facsimile, (847) 518-5465 and (847) 518-5088) and (ii) to the
Company at 40 Jackson Street, Worcester, Massachusetts 01608, Attention: Chief
Financial Officer (and/or if by facsimile, (508) 799-5743), cc: Hale and Dorr
LLP, 60 State Street, Boston, Massachusetts 02109, Attention Jeffrey N. Carp,
Esq. and/or if by facsimile, (617) 526-5000), or at such other address as any
such party may subsequently designate by written notice to the other party.

      (f) Remedies. In the event of any default hereunder, the non-defaulting
party may proceed to protect and enforce its rights either by suit in equity
and/or by action at law, including but not limited to an action for damages as a
result of any such default, and/or an action for specific performance for any
default where Warrantholder will not have an adequate remedy at law and where
damages will not be readily ascertainable. The Company expressly agrees that it
shall not oppose an application by the Warrantholder or any other person
entitled to the benefit of this Agreement requiring specific performance of any
or all provisions hereof or enjoining the Company from continuing to commit any
such breach of this Agreement.

      (g) No Impairment of Rights. The Company will not, by amendment of its
Charter or through any other means, avoid or seek to avoid the observance or
performance of any of the terms of this Warrant, but will at all times in good
faith assist in the carrying out of all such terms and in the taking of all such
actions as may be necessary or appropriate in order to protect the rights of the
Warrantholder against impairment.

      (h) Survival. The representations, warranties, covenants and conditions of
the respective parties contained herein or made pursuant to this Warrant
Agreement shall survive the execution and delivery of this Warrant Agreement.

      (i) Severability. In the event any one or more of the provisions of this
Warrant Agreement shall for any reason be held invalid, illegal or
unenforceable, the remaining provisions of this Warrant Agreement shall be
unimpaired, and the invalid, illegal or unenforceable provision shall be
replaced by a mutually acceptable valid, legal and enforceable provision, which
comes closest to the intention of the parties underlying the invalid, illegal or
unenforceable provision.

      (j) Amendments. Any provision of this Warrant Agreement may be amended by
a written instrument signed by the Company and by the Warrantholder.

      (k) Additional Documents. The Company, upon execution of this Warrant
Agreement, shall provide the Warrantholder with certified resolutions with
respect to the representations, warranties and covenants set forth in
subparagraphs (a) through (d) of Section 9 above. The Company shall also supply
such other documents as the Warrantholder may from time to time reasonably
request.

      IN WITNESS WHEREOF, the parties hereto have caused this Warrant Agreement
to be executed by its officers thereunto duly authorized as of the Effective
Date.

                                   Company: FURNITURE.COM, INC.


                                   By:    /s/ Richard E. Clark
                                         -------------------------------

                                   Title: CFO
                                         -------------------------------


                                   Warrantholder: COMDISCO, INC.


                                   By:    /s/ James P. Labe
                                         -------------------------------

                                   Title:        JAMES P. LABE
                                         -------------------------------
                                                   PRESIDENT
                                          COMDISCO VENTURES DIVISION


                                     - 7 -
<PAGE>

                                    EXHIBIT I

                               NOTICE OF EXERCISE

To:   Furniture.com, Inc., Chief Financial Officer

(1)   The undersigned Warrantholder hereby elects to purchase _______ shares of
      the Series B Preferred Stock of ________________, pursuant to the terms of
      the Warrant Agreement dated the ______ day of February, 1999 (the "Warrant
      Agreement") between Furniture.com, Inc and the Warrantholder, and tenders
      herewith payment of the purchase price for such shares in full, together
      with all applicable transfer taxes, if any.

(2)   In exercising its rights to purchase the Series B Preferred Stock of
      Furniture.com, Inc., the undersigned hereby confirms and acknowledges the
      investment representations and warranties made in Section 10 of the
      Warrant Agreement and further represents and warrants that it is the sole,
      true, lawful beneficial owner of the Warrant Agreement with no
      restrictions on the Warrantholder's rights of disposition or exercise
      pertaining thereto.

(3)   Please issue a certificate or certificates representing said shares of
      Series B Preferred Stock in the name of the undersigned or in such other
      name as is specified below.


--------------------------------------
(Name)

--------------------------------------
(Address)


Warrantholder: COMDISCO, INC.

By:
      -------------------------------

Title:
      -------------------------------

Date:
      -------------------------------


                                     - 8 -
<PAGE>

                                   EXHIBIT II

                           ACKNOWLEDGMENT OF EXERCISE

      The undersigned _____________________________________, hereby acknowledge
receipt of the "Notice of Exercise" from Comdisco, Inc., to purchase ____ shares
of the Series B Preferred Stock of Furniture.com, Inc, pursuant to the terms of
the Warrant Agreement, and further acknowledges that ______ shares remain
subject to purchase under the terms of the Warrant Agreement.


                                   Company: FURNITURE.COM, INC

                                   By:
                                         ----------------------

                                   Title:
                                         ----------------------

                                   Date:
                                         ----------------------


                                     - 9 -
<PAGE>

                                   EXHIBIT III

                                 TRANSFER NOTICE

(To transfer or assign the foregoing Warrant Agreement execute this form and
supply required information. Do not use this form to purchase shares.)

      FOR VALUE RECEIVED, the foregoing Warrant Agreement and all rights
evidenced thereby are hereby transferred and assigned to

------------------------------------------------------------------
(Please Print)

whose address is
                --------------------------------------------------

------------------------------------------------------------------

                     Dated:
                           ---------------------------------------

                     Holder's Signature:
                                        --------------------------

                     Holder's Address:
                                        --------------------------

                     ---------------------------------------------

Signature Guaranteed:
                     ---------------------------------------------

NOTE: The signature to this Transfer Notice must correspond with the name as it
      appears on the face of the Warrant Agreement, without alteration or
      enlargement or any change whatever. Officers of corporations and those
      acting in a fiduciary or other representative capacity should file proper
      evidence of authority to assign the foregoing Warrant Agreement.


                                     - 10 -