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THIS WARRANT AND THE SHARES ISSUABLE HEREUNDER HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933 OR ANY OTHER APPLICABLE FEDERAL OR STATE
SECURITIES LAWS, AND MAY NOT BE SOLD, DISTRIBUTED, PLEDGED OR OTHERWISE
TRANSFERRED UNLESS (I) THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS COVERING ANY SUCH
TRANSACTION, (II) THE COMPANY RECEIVES AN OPINION OF LEGAL COUNSEL FOR THE
HOLDER OF THE SHARES REASONABLY SATISFACTORY TO THE COMPANY STATING THAT SUCH
TRANSACTION IS EXEMPT FROM REGISTRATION, OR (III) THE COMPANY OTHERWISE
SATISFIES ITSELF THAT SUCH TRANSACTION IS EXEMPT FROM REGISTRATION.

                            WARRANT TO PURCHASE STOCK

Corporation:                   NETWORK COMMERCE INC., a Washington corporation
Number of Shares:              105,820
Class of Stock:                Common
Initial Exercise Price:        $5.67 per share
Issue Date:                    May 19, 2000
Expiration Date:               May 19, 2010

     THIS WARRANT CERTIFIES THAT, in consideration of the payment of $1.00
and for other good and valuable consideration, IMPERIAL BANK or registered
assignee ("Holder") is entitled to purchase the number of fully paid and
nonassessable shares of the Common Stock (the "Shares") of the corporation
(the "Company") at the initial exercise price per Share (the "Warrant Price")
all as set forth above and as adjusted pursuant to Article 2 of this Warrant,
subject to the provisions and upon the terms and conditions set forth in this
Warrant.

ARTICLE 1.  EXERCISE.

     1.1   METHOD OF EXERCISE. Holder may exercise this Warrant by delivering
this Warrant and a duly executed Notice of Exercise in substantially the form
attached as Appendix 1 to the principal office of the Company. Unless Holder
is exercising the conversion right set forth in Section 1.2, Holder shall
also deliver to the Company a check for the aggregate Warrant Price for the
Shares being purchased.

     1.2   CONVERSION RIGHT. In lieu of exercising this Warrant as specified
in Section 1.1, Holder may from time to time convert this Warrant, in whole
or in part, into a number of Shares determined by dividing (a) the aggregate
fair market value of the Shares or other securities otherwise issuable upon
exercise of this Warrant minus the aggregate Warrant Price of such Shares by
(b) the fair market value of one Share. The fair market value of the Shares
shall be determined pursuant to Section 1.4.

     1.3   INTENTIONALLY OMITTED.

     1.4   FAIR MARKET VALUE. If the Shares are traded regularly in a public
market, the fair market value of the Shares shall be the closing price of the
Shares (or the closing price of the Company's stock into which the Shares are
convertible) reported for the business day immediately before Holder delivers
its Notice of Exercise to the Company. If the Shares are not regularly traded
in a public market, the Board of Directors of the Company shall determine
fair market value in its reasonable good faith judgment. The foregoing
notwithstanding, if Holder advises the Board of Directors in writing that
Holder disagrees with such determination, then the Company and Holder shall
promptly agree upon a reputable investment banking firm to undertake such
valuation. If the valuation of such investment banking firm is greater than
that determined by the Board of Directors, then all fees and expenses of such
investment banking firm shall be paid by the Company. In all other
circumstances, such fees and expenses shall be paid by Holder.

     1.5   DELIVERY OF CERTIFICATE AND NEW WARRANT. Promptly after Holder
exercises or converts this Warrant, the Company shall deliver to Holder
certificates for the Shares acquired and, if this Warrant has not been fully
exercised or converted and has not expired, a new Warrant representing the
Shares not so acquired.

                                       1


<PAGE>

     1.6   REPLACEMENT OF WARRANTS. On receipt of evidence reasonably
satisfactory to the Company of the loss, theft, destruction or mutilation of
this Warrant and, in the case of loss, theft or destruction, on delivery of
an indemnity agreement reasonably satisfactory in form and amount to the
Company or, in the case of mutilation, on surrender and cancellation of this
Warrant, the Company at its expense shall execute and deliver, in lieu of
this Warrant, a new warrant of like tenor.

     1.7   REPURCHASE ON SALE, MERGER, OR CONSOLIDATION OF THE COMPANY.

           1.7.1 "ACQUISITION." For the purpose of this Warrant,
"Acquisition" means any sale, license, or other disposition of all or
substantially all of the assets (including intellectual property) of the
Company, or any reorganization, consolidation, or merger of the Company where
the holders of the Company's securities before the transaction beneficially
own less than 50% of the outstanding voting securities of the surviving
entity after the transaction.

           1.7.2 ASSUMPTION OF WARRANT. If upon the closing of any
Acquisition the successor entity assumes the obligations of this Warrant,
then this Warrant shall be exercisable for the same securities, cash, and
property as would be payable for the Shares issuable upon exercise of the
unexercised portion of this Warrant as if such Shares were outstanding on the
record date for the Acquisition and subsequent closing. The Warrant Price
shall be adjusted accordingly. The Company shall use reasonable efforts to
cause the surviving corporation to assume the obligations of this Warrant.

           1.7.3 NONASSUMPTION. If upon the closing of any Acquisition the
successor entity does not assume the obligations of this Warrant and Holder
has not otherwise exercised this Warrant in full, then the unexercised
portion of this Warrant shall be deemed to have been automatically converted
pursuant to Section 1.2 and thereafter Holder shall participate in the
Acquisition on the same terms as other holders of the same class of
securities of the Company.

ARTICLE 2.  ADJUSTMENTS TO THE SHARES.

     2.1   STOCK DIVIDENDS, SPLITS, ETC. If the Company declares or pays a
dividend on its common stock payable in common stock, or other securities,
subdivides the outstanding common stock into a greater amount of common
stock, then upon exercise of this Warrant, for each Share acquired, Holder
shall receive, without cost to Holder, the total number and kind of
securities to which Holder would have been entitled had Holder owned the
Shares of record as of the date the dividend or subdivision occurred.

     2.2   RECLASSIFICATION, EXCHANGE OR SUBSTITUTION. Upon any
reclassification, exchange, substitution, or other event that results in a
change of the number and/or class of the securities issuable upon exercise or
conversion of this Warrant, Holder shall be entitled to receive, upon
exercise or conversion of this Warrant, the number and kind of securities and
property that Holder would have received for the Shares if this Warrant had
been exercised immediately before such reclassification, exchange,
substitution, or other event. The provisions of this Section 2.2 shall
similarly apply to successive reclassifications, exchanges, substitutions, or
other events.

     2.3   ADJUSTMENTS FOR COMBINATIONS, ETC. If the outstanding Shares are
combined or consolidated, by reclassification or otherwise, into a lesser
number of shares, the Warrant Price shall be proportionately increased.

     2.4   NO IMPAIRMENT. The Company shall not, by amendment of its Articles
of Incorporation or through a reorganization, transfer of assets,
consolidation, merger, dissolution, issue, or sale of securities or any other
voluntary action, avoid or seek to avoid the observance or performance of any
of the terms to be observed or performed under this Warrant by the Company,
but shall at all times in good faith assist in carrying out all the
provisions of this Article 2 and in taking all such action as may be
necessary or appropriate to protect Holder's rights under this Article
against impairment. If the Company takes any action affecting the Shares or
its common stock other than as described above that adversely affects
Holder's rights under this Warrant, the Warrant Price shall be adjusted
downward and the number of Shares issuable upon exercise of this Warrant
shall be adjusted upward in such a manner that the aggregate Warrant Price of
this Warrant is unchanged.

                                     2


<PAGE>

     2.5   CERTIFICATE AS TO ADJUSTMENTS. Upon each adjustment of the Warrant
Price, the Company at its expense shall within a reasonable time not
exceeding ten business days, compute such adjustment, and furnish Holder with
a certificate of its Chief Financial Officer setting forth such adjustment
and the facts upon which such adjustment is based. The Company shall, upon
written request, furnish Holder a certificate setting forth the Warrant Price
in effect upon the date thereof and the series of adjustments leading to such
Warrant Price.

ARTICLE 3.  REPRESENTATIONS AND COVENANTS OF THE COMPANY AND THE HOLDER.

     3.1   REPRESENTATIONS AND WARRANTIES OF THE COMPANY. The Company hereby
represents and warrants to the Holder as follows:

           (a) All Shares which may be issued upon the exercise of the
purchase right represented by this Warrant, and all securities, if any,
issuable upon conversion of the Shares, shall, upon issuance, be duly
authorized, validly issued, fully paid and nonassessable, and free of any
liens and encumbrances except for restrictions on transfer provided for
herein or under applicable federal and state securities laws.

     3.2   REPRESENTATIONS AND WARRANTIES OF THE HOLDER. Holder hereby
represents and warrants to the Company as follows:

           (a) INVESTMENT INTENT. Holder is acquiring this Warrant for
investment for Holder's own account, not as nominee or agent, for investment
and not with a view to, or for resale in connection with, any distribution or
public offering thereof within the meaning of the Securities Act of 1933, as
amended (the "Securities Act"), or applicable state securities law. Holder
does not presently have any contract, understanding, agreement or arrangement
with any person to sell, transfer or grant participation to such person or
any third person with respect to the Warrant or the Shares. Holder has not
been formed for the specific purpose of acquiring the Warrant or the Shares.

           (b) SECURITIES NOT REGISTERED. Holder understands and acknowledges
that the offering of the securities contemplated by this Warrant will not be
registered under the Securities Act or applicable state securities law on the
grounds that the offering and sale of securities contemplated by this Warrant
are exempt from registration under the Securities Act and exempt from
applicable state securities law, and that the Company's reliance upon such
exemptions is predicated upon such Holder's representations set forth in this
Warrant.

           (c) KNOWLEDGE AND EXPERIENCE. Holder (i) has such knowledge and
experience in financial and business matters as to be capable of evaluating
the merits and risks of Holder's prospective investment in the securities
contemplated by this Warrant; (ii) has the ability to bear the economic risks
of Holder's prospective investment; (iii) has had all questions which have
been asked by Holder satisfactorily answered by the Company; and (iv) has not
been offered the Warrant or the Shares by any form of advertisement, article,
notice or other communication published in any newspaper, magazine, or
similar media or broadcast over television or radio, or any seminar or
meeting whose attendees have been invited by any such media.

           (d) ACCREDITED INVESTOR. Holder is an "accredited investor" within
the meaning of Securities and Exchange Commission ("SEC") Rule 501 of
Regulation D, as presently in effect.

           (e) DISCLOSURE OF INFORMATION. Holder has had an opportunity to
discuss the Company's business, management, financial affairs and the terms
and conditions of the offering of the Warrant or the Shares with the
Company's management.

ARTICLE 4.  MISCELLANEOUS.

     4.1   TERM: NOTICE OF EXPIRATION. This Warrant is exercisable, in whole
or in part, at any time and from time to time on or before the Expiration
Date set forth above.

     4.2   LEGENDS. This Warrant and the Shares (and the securities issuable,
directly or indirectly, upon conversion of the Shares, if any) shall be
imprinted with a legend in substantially the following form:

                                       3


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         THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
         UNDER THE SECURITIES ACT OF 1933 OR ANY OTHER APPLICABLE FEDERAL OR
         STATE SECURITIES LAWS, AND MAY NOT BE SOLD, DISTRIBUTED, PLEDGED OR
         OTHERWISE TRANSFERRED UNLESS (i) THERE IS AN EFFECTIVE REGISTRATION
         STATEMENT UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS
         COVERING ANY SUCH TRANSACTION INVOLVING THESE SHARES, (ii) THE COMPANY
         RECEIVES AN OPINION OF LEGAL COUNSEL FOR THE HOLDER OF THE SHARES
         REASONABLY SATISFACTORY TO THE COMPANY STATING THAT SUCH TRANSACTION IS
         EXEMPT FROM REGISTRATION, OR (iii) THE COMPANY OTHERWISE SATISFIES
         ITSELF THAT SUCH TRANSACTION IS EXEMPT FROM REGISTRATION.

     4.3   COMPLIANCE WITH SECURITIES LAWS ON TRANSFER. Each holder of this
Warrant acknowledges that this Warrant and the Shares issuable upon exercise
this Warrant (and the securities issuable, directly or indirectly, upon
conversion of the Shares, if any) have not been registered under the
Securities Act, and agrees not to sell, pledge, distribute, offer for sale,
transfer or otherwise dispose of this Warrant or any Shares issued upon its
exercise in the absence of (i) an effective registration statement under the
Securities Act as to this Warrant or such Shares and registration or
qualification of this Warrant or such Shares under any applicable federal or
state securities law then in effect, or (ii) an opinion of counsel,
reasonably satisfactory to the Company, that such registration and
qualification are not required. The Company shall not require Holder to
provide an opinion of counsel if the transfer is to an affiliate of Holder or
if there is no material question as to the availability of current
information as referenced in Rule 144(c), Holder represents that it has
complied with Rule 144(d) and (e) in reasonable detail, the selling broker
represents that it has complied with Rule 144(f), and the Company is provided
with a copy of Holder's notice of proposed sale.

     4.4   TRANSFER PROCEDURE. Subject to the provisions of Section 4.3,
Holder may transfer all or part of this Warrant or the Shares issuable upon
exercise of this Warrant (or the securities issuable, directly or indirectly,
upon conversion of the Shares, if any) by giving the Company notice of the
portion of the Warrant being transferred setting forth the name, address and
taxpayer identification number of the transferee and surrendering this
Warrant to the Company for reissuance to the transferee(s) (and Holder, if
applicable). Unless the Company is filing financial information with the SEC
pursuant to the Securities Exchange Act of 1934, the Company shall have the
right to refuse to transfer any portion of this Warrant to any person who
directly competes with the Company.

     4.5   NOTICES. All notices and other communications from the Company to
the Holder, or vice versa, shall be deemed delivered and effective when given
personally or mailed by first-class registered or certified mail, postage
prepaid, at such address as may have been furnished to the Company or the
Holder, as the case may be, in writing by the Company or such Holder from
time to time.

     4.6   WAIVER. This Warrant and any term hereof may be changed, waived,
discharged or terminated only by an instrument in writing signed by the party
against which enforcement of such change, waiver, discharge or termination is
sought.

     4.7   ATTORNEYS' FEES. In the event of any dispute between the parties
concerning the terms and provisions of this Warrant, the party prevailing in
such dispute shall be entitled to collect from the other party all costs
incurred in such dispute, including reasonable attorneys' fees.

                  [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

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     4.8   GOVERNING LAW. This Warrant shall be governed by and construed in
accordance with the laws of the State of Washington, without giving effect to
its principles regarding conflicts of law.

                                       NETWORK COMMERCE INC.


                                       By: /s/ Alan D. Koslow
                                          --------------------------------

                                       Name: Alan D. Koslow
                                            ------------------------------

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


                                       By: /s/ Dwayne Walker
                                          --------------------------------

                                       Name: Dwayne Walker
                                            ------------------------------

                                       Title: CEO
                                             -----------------------------


Agreed and Accepted this 19th day of May 2000:

IMPERIAL BANK


By: /s/ J.P. Michael
   ---------------------------

Name: J.P. Michael
     -------------------------

Title: First Vice President
      ------------------------

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<PAGE>

                                   APPENDIX 1

                               NOTICE OF EXERCISE

     1. The undersigned hereby elects to purchase ______________ shares of
the Common Stock of Network Commerce Inc. pursuant to the terms of the
attached Warrant, and tenders herewith payment of the purchase price of such
shares in full.

     1. The undersigned hereby elects to convert the attached Warrant into
Shares/cash [STRIKE ONE] in the manner specified in the Warrant. This
conversion is exercised with respect to ______________ of the Shares covered
by the Warrant.

     [STRIKE PARAGRAPH THAT DOES NOT APPLY.]

     2. Please issue a certificate or certificates representing said shares
in the name of the undersigned or in such other name as is specified below:

        Chief Financial Officer
        Controllers Department
        Imperial Bank
        P.O. Box 92991
        Los Angeles, CA 90009
        Or Registered Assignee

     3. The undersigned represents it is acquiring the shares solely for its
own account and not as a nominee for any other party and not with a view
toward the resale or distribution thereof except in compliance with
applicable securities laws.


IMPERIAL BANK or a Registered Assignee


__________________________________
(Signature)


__________________________________
(Date)

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