<PAGE>

[LOGO]

     SEAN P. BRENNAN
     VICE PRESIDENT
     CORPORATE BANKING

     1420 Fifth Avenue, 11th Floor
     Post Office Box 720 (WWH-733)
     Seattle, Washington 98111-0720
     206\344-5529
     206\344-2332 FAX


     April 22, 1999


     Fine.Com International Corp.
     1525 Fourth Avenue
     Suite 800
     Seattle, WA 98101

     Attention:     Daniel Fine, CEO
                    Tim Carroll, EVP Finance

     Dear Gentlemen:

     I am pleased to confirm U.S. Bank has agreed to extend a Revolving 
     Credit Facility to Fine.Com International subject to, but not limited 
     to, the following terms and conditions.

     ---------------------------------------------
     FACILITY NO. 1 - REVOLVING LINE OF CREDIT
     ---------------------------------------------

     BORROWER:           Fine.Com International Corp.

     AMOUNT:             $750,000

     TYPE OF FACILITY:   Revolving Line of Credit - fund cash flow cycle

     USE OF PROCEEDS:    Advances under the line of credit shall be used to 
                         fund ongoing operating requirements.

     INTEREST RATE:      PRIME RATE OPTION
                         U.S. Bank Prime plus 0.25 percent per annum.

                         All rates are calculated on a 360 day basis for 
                         actual days outstanding.

     LOAN FEES:          Upfront commitment fee - $2,500.00


<PAGE>

                                                          FINE.COM INTERNATIONAL
                                                                  APRIL 22, 1999
                                                                          PAGE 2

     REPAYMENT
     AND EXPIRY:         Borrower shall pay U.S. Bank an amount equal to all 
                         accrued interest on the revolving line on the 1st 
                         day of each month during the term thereof. The line 
                         will mature on 9/1/99, at which time all outstanding 
                         principal, accrued interest, and other charges shall 
                         be paid in full.

     COLLATERAL:         U.S. Bank shall obtain a first priority security 
                         interest in all of Borrowers accounts receivable and 
                         deposit accounts.

     BORROWING BASE:     The aggregate outstanding principal amount of 
                         advances under the revolver shall not exceed an 
                         amount equal to the sum of 75% of eligible accounts 
                         receivable, 0-90 days DOI.

     GUARANTOR:          None


     TERMS AND CONDITIONS

     CONDITIONS
     PRECEDENT:          USB's extension of this financial accommodation is 
                         subject to the fulfillment of a number of 
                         conditions. Such conditions include, but are not 
                         necessarily limited to, the following:

                         1)  CREDIT DOCUMENTS.  At closing, Borrower shall 
                         execute such documents as U.S. Bank, in its 
                         discretion, deems necessary in order to document the 
                         Facilities and render itself secure. The credit 
                         documents will contain terms and conditions in 
                         addition to those set forth herein. Among the 
                         documents to be executed at closing will be a loan 
                         agreement, promissory note, authorizing resolutions, 
                         security agreements, and financing statements.

                         2)  Receipt of $2,500.00 upfront commitment fee.


     REPORTING
     REQUIREMENTS:       Among the reporting requirements that will be set 
                         forth in the credit documents, will be the following:


<PAGE>

                                                         FINE.COM INTERNATIONAL
                                                                 APRIL 22, 1999
                                                                         PAGE 3


                              a)   Monthly financial statements, including a 
                         balance sheet and statement of income, to be 
                         received within 30 days of the end of each month.

                              b)   Monthly financial reports which shall 
                         include an accounts payable and accounts receivable 
                         aging, to be received within 20 days of the end of 
                         each month.

                              c)   In the event an outstanding balance exists 
                         under the credit facility, monthly borrowing base 
                         certificate are due within twenty days after the end 
                         of each month by which Borrower calculates and 
                         certifies that the aggregate outstanding principal 
                         amount of advances under the revolving line of 
                         credit does not exceed an amount equal to the sum of 
                         75% of eligible Accounts Receivable.


                              d)   An annual unqualified audit of Borrower's 
                         financial statements (including statement of cash 
                         flows) to be received within 90 days of the end of 
                         the Borrower's fiscal year end, which audit shall 
                         verify compliance with provisions of the credit 
                         documents, and shall be delivered to U.S. Bank 
                         together with the auditor's management letter.

                              e)   Monthly certifications as to compliance 
                         with all terms and conditions of the credit 
                         documents, to be delivered within 30 days of the end 
                         of each month, a statement that no default or event 
                         of default under the credit agreement existed during 
                         such month, and a calculation of all financial 
                         covenants set forth in the credit agreement. In 
                         addition, the Borrower shall confirm month end cash 
                         and cash equivalent balances domiciled with U.S. 
                         Bank's Investment Department.

                              f)   Monthly operating reports covering such 
                         information as may be reasonably requested by U.S. 
                         Bank within 30 days of the end of each month.

                              g)   Fiscal year budgets to be submitted by 
                         within 60 days after fiscal year end to include 
                         monthly profit and loss statements, balance sheet, 
                         statement of cash flows and capital expenditure 
                         budget.

<PAGE>

                                                         FINE.COM INTERNATIONAL
                                                                 APRIL 22, 1999
                                                                         PAGE 4


FINANCIAL
COVENANTS:               1)   Borrower shall maintain a minimum Working 
                         Capital of $1,400,000, measured monthly (All cash 
                         held with U.S. Bank's Investment Department shall be 
                         included in the working capital calculation).

                         2)   Borrower shall maintain a minimum Tangible Net 
                         Worth of $2,850,000 measured monthly.

                         3)   Net losses exceeding $300M in any one fiscal 
                         quarter shall constitute a technical default, 
                         initial testing commencing with first quarter ending 
                         4/30/99.

                         4)   Borrower shall not: a) loan, invest in or 
                         advance money or assets, b) purchase, create or 
                         acquire any interest in any other enterprise or 
                         entity, or c) incur any obligation as surety or 
                         guarantor other than in ordinary course of business.

                         5)   Except for trade debt incurred in the normal 
                         course of business and indebtedness to U.S. Bank 
                         contemplated by this commitment, Borrower shall not 
                         incur or assume indebtedness for borrowed money, 
                         including capital leases without written consent of 
                         U.S. Bank.

MISCELLANEOUS:           1)   DEPOSITORY ACCOUNTS.  All depository and 
                         investment accounts shall be domiciled at U.S. Bank 
                         as a condition of the Revolving Credit Facility.

                         2)   PRIME RATE.  U.S. Bank's Prime Rate is that 
                         rate of interest announced or published by U.S. Bank 
                         from time to time as its "Prime Rate," but is not 
                         necessarily the lowest or best rate charged to any 
                         classification of U.S. Bank customers. The Prime 
                         Rate is a floating rate, changes in which shall be 
                         effective on the day announced or published by U.S. 
                         Bank. The credit documents shall provide for default 
                         interest rates and late fees.

                         3)   APPLICABLE LAW.  Washington law shall apply to 
                         this transaction.


<PAGE>

                                                          FINE.COM INTERNATIONAL
                                                                  APRIL 22, 1999
                                                                          PAGE 5

          ORAL AGREEMENTS OR ORAL COMMITMENTS TO LOAN MONEY, EXTEND
        CREDIT, OR TO FORBEAR FROM ENFORCING REPAYMENT OF A DEBT ARE
                   NOT ENFORCEABLE UNDER WASHINGTON LAW.

U.S. BANK NATIONAL ASSOCIATION


BY       /s/ Sean P. Brennan
----------------------------------

TITLE    Vice President
----------------------------------



PLEASE SIGNIFY YOUR ACCEPTANCE BY SIGNING BELOW.


ACCEPTED BY
FINE.COM INTERNATIONAL CORPORATION


BY       /s/ Tim Carroll
----------------------------------

TITLE    /s/ Tim Carroll  EVP
----------------------------------

DATE     4/22/99
----------------------------------


<PAGE>

[LOGO]

     SEAN P. BRENNAN
     VICE PRESIDENT
     CORPORATE BANKING

     1420 Fifth Avenue, 11th Floor
     Post Office Box 720 (WWC-733)
     Seattle, Washington 98111-0720
     206\344-5529
     206\344-2332 FAX


     April 22, 1999


     Fine.Com International Corp.
     1525 Fourth Avenue
     Suite 800
     Seattle, WA 98101

     Attention:     Daniel Fine, CEO
                    Tim Carroll, EVP Finance

     Dear Gentlemen:

     We are in receipt of Fine.Com International's (FCI) January 31, 1999 
     fourth quarter ended and fiscal year end financial statements. Continued 
     operating losses and expenses associated with the closure of FCI's 
     subsidiary in the United Kingdom resulted in non-compliance with certain 
     financial covenants governing our credit relationship. This letter 
     formally recognizes that FCI was in technical default with certain terms 
     and conditions defined in the Loan Agreement executed on 1/4/99. 
     Non-compliance with financial covenants include:

          Minimum Working Capital - $2,050M
               Actual Working Capital as of 1/31/99 - $1,684M
          Minimum Tangible Net Worth - $3,425M
               Actual Tangible Net Worth as of 1/31/99 - $3,123M

     Effective April 2, 1999 U.S. Bank waives the defaults and recasts 
     certain financial covenants governing the Revolving Credit Commitment 
     as defined in the April 22, 1999 Commitment Letter.

     Sincerely,


     /s/ Sean P. Brennan
     Sean P. Brennan
     Vice President

     ACKNOWLEDGED BY
     FINE.COM INTERNATIONAL CORPORATION


     BY       /s/ Tim Carroll
     ----------------------------------

     TITLE    /s/ Tim Carroll  EVP
     ----------------------------------

     DATE     4/22/99
     ----------------------------------