Document:

Exhibit 10.1

          TechTeam Global Reports Record Earnings of $.16 per Share
            and Net Income of $1.52 Million for Third Quarter 2004

    *  Revenue growth of 52.9% to $34.1 million
    *  Gross profit increase of 86.4% to $7.93 million
    *  Operating income of $2.14 million
    *  Cash balance of $40.1 million, or $4.60 per common share outstanding,
       at September 30, 2004

    SOUTHFIELD, Mich., Oct. 27 /PRNewswire-FirstCall/ -- TechTeam Global,
Inc., (Nasdaq: TEAM), a global provider of information technology and business
process outsourcing support services, today reported net income of $1.52
million, or $.16 per diluted share -- quarterly income and earnings per share
records for the Company -- for the quarter ended September 30, 2004.  For the
comparable period in 2003, TechTeam reported a net loss of $431,000, or $.04
per diluted share.  Sequential growth in net income was 40.9% from earnings of
$1.08 million, or $.11 per diluted share, reported for the quarter ended June
30, 2004.  Excluding the net income contributed from Digital Support
Corporation (DSC) and TechTeam A.N.E. (A.N.E.), wholly owned subsidiaries of
the Company acquired on December 31, 2003 and May 13, 2004, respectively, net
income would have been $928,000, or $.10 per diluted share, for the quarter
ended September 30, 2004.
    For the nine months ended September 30, 2004, net income was $3.22 million
and $.34 per diluted share, compared with a net loss of $1.80 million, or $.18
per diluted share, reported for the same period in 2003.  (In the quarter
ended June 30, 2003, the Company took non-cash, pre-tax charges to earnings
totaling $1.32 million, principally related to the write-down of the value of
its leasing inventories.)  Excluding DSC and A.N.E., net income was $1.98
million, or $.21 per diluted share, for the nine months ended September 30,
2004.
    Total revenue grew 52.9% to $34.1 million for the quarter ended September
30, 2004, an increase from $22.3 million for the comparable period in 2003.
Sequential growth in total revenue was 11.2% for the quarter ended September
30, 2004 from the immediately preceding quarter.  Excluding the revenue
contributed by DSC and A.N.E., revenue grew 6.8% to $23.8 million for the
third quarter of 2004 from the comparable period in 2003.  The revenue
reported for the third quarter, $34.1 million, was the second-highest
quarterly revenue on record for the Company, trailing the revenue reported for
the second quarter of 1999 by only $149,000.
    Revenue from Corporate Services (total Company revenue less revenue from
leasing operations) increased 55.4% to $34.0 million for the quarter ended
September 30, 2004, from $21.9 million for the comparable period in 2003.
Excluding the revenue contributed by DSC and A.N.E., Corporate Services
revenue grew 8.4% to $23.7 million for the third quarter of 2004, an increase
from $21.9 million for the comparable period in 2003.
    For the nine months ended September 30, 2004, total revenue was $95.1
million, an increase of 44.1% over revenue of $66.0 million reported for the
same period in 2003.  Excluding the results of DSC and A.N.E., revenue was
$71.3 million for the nine months ended September 30, 2004, an increase of
8.1% over the same period in 2003.
    Gross profit improved 86.4% to $7.93 million for the quarter ended
September 30, 2004, from $4.25 million for the comparable period in 2003.
Excluding the gross profit contributed by DSC and A.N.E., gross profit was
$5.84 million for the third quarter of 2004, an increase of 37.3% from the
comparable period in 2003.
    The Company's gross margin (gross profit expressed as a percentage of
revenue) performance improved to 23.2% for the quarter ended September 30,
2004 from 19.1% for the comparable period in 2003 and declined slightly from
26.3% reported for the second quarter of 2004.  Excluding the results
contributed by DSC and A.N.E., the Company's gross margin performance was
24.5% for the third quarter of 2004, a decline of 209 basis points from the
second quarter of 2004.
    Selling, general, and administrative (SG&A) expense for the quarter ended
September 30, 2004 was $5.78 million, or 16.9% of the Company's total revenue
of $34.1 million.  SG&A expense declined 7.5% from $6.25 million of SG&A
expense reported for the second quarter of 2004.  Excluding DSC and A.N.E.,
SG&A expense for the third quarter was $4.68 million, or 19.6% of revenue,
compared with SG&A expense of 21.1% of revenue for the comparable period in
2003.
    Operating income for the quarter ended September 30, 2004 was $2.14
million ($1.16 million excluding the contributions of DSC and A.N.E.).  This
compares with an operating loss of $452,000 for the comparable period in 2003
and operating income of $1.81 million reported for the second quarter of 2004.
    Commenting on the Company's financial results, William F. Coyro, Jr.,
TechTeam Global's President and Chief Executive Officer, stated, "TechTeam has
delivered its fourth consecutive quarter of strong, positive financial results
and has performed exceptionally well through the first nine months of 2004.
In addition to achieving record per-share earnings and net income as well as
posting strong top-line revenue growth of 53% in the third quarter, we also
succeeded in delivering sequential improvement in earnings of 41% and revenue
growth of 11% from the second quarter of 2004."
    Coyro added, "Just as significantly, we reduced our overhead expense as a
percentage of sales from 20.4% in the second quarter of 2004 to just 16.9% of
revenue in the third quarter.  These achievements resulted in producing
operating income of $2.1 million for the quarter, an improvement from our
second quarter operating income of $1.8 million and a significant improvement
from our first quarter 2004 operating income of $1.2 million.  We also
continue to be very pleased with the solid contributions made by our new
subsidiaries Digital Support Corporation and TechTeam A.N.E., which
contributed approximately 46% of our operating income in the third quarter and
40% of our operating income through September 30, 2004, an exceptional return
on our acquisition investments."
    Coyro concluded, "TechTeam Global continues to enjoy a solid balance sheet
with strong cash reserves and virtually no debt.  Our cash balance increased
from $35.7 million as of the end of the second quarter of 2004 to $40.1
million at the end of the third quarter.  As of September 30, the Company had
$4.60 in cash and cash equivalents per common share outstanding.  The book
value of shareholders' equity was $7.21 per common share outstanding, an
increase of $.20 per share from June 30, 2004.  TechTeam remains focused on
delivering the best overall value proposition in our industry -- the best
combination of high quality, low cost, flexibility, and customer
satisfaction."
    Other significant components of TechTeam Global's third quarter and year-
to-date 2004 performance include the following:

    *  Revenue from our European operations increased 48.0% to $10.8 million
for the three months ended September 30, 2004 from $7.31 million for the
comparable period in 2003.  These results also represent sequential growth of
14.9% from revenue of $9.42 million reported for the quarter ended June 30,
2004.

    *  Net cash provided by operating activities was $4.07 million for the
three months ended September 30, 2004, versus $991,000 for the comparable
period in 2003.  Free cash flow (net cash provided by operating activities
less capital expenditures) was $3.72 million for the three months ended
September 30, 2004, versus $(301,000) for the comparable period in 2003.  For
the nine months ended September 30, 2004, net cash provided by operating
activities was $9.65 million, while free cash flow was $8.39 million.

    *  For the quarter ended September 30, 2004, earnings before interest,
taxes, depreciation, and amortization expense (EBITDA) was $3.32 million,
compared with EBITDA of $1.06 million for the same period in 2003.  This also
represented sequential growth of 15.9% from the EBITDA of $2.87 million
reported for the second quarter of 2004.  Excluding DSC's and A.N.E.'s
financial results, EBITDA was $2.31 million for the third quarter of 2004,
118% greater than that reported for the same period in 2003.
    Excluding the results of the Company's leasing operations, EBITDA for the
third quarter of 2004 was $3.27 million, which represented a 190% improvement
over the comparable period in 2003 and a sequential improvement of 17.8% over
the EBITDA of $2.78 million reported for the second quarter of 2004.
    The investment community considers EBITDA an important "non-GAAP" measure
of the Company's financial performance.  EBITDA presents information on
earnings that may be more comparable to companies with different finance
structures, capital investments, or capitalization and depreciation policies.
The most closely related GAAP measure is operating income.  Some financial
analysts also use EBITDA to assist in the determination of a company's
possible market valuation.  (For additional information regarding the
determination of the EBITDA results, please see the attached financial
tables.)

    *  Total cash and cash equivalents were $40.1 million as of September 30,
2004.  This represents $4.60 in cash and cash equivalents per common share
outstanding as of the end of the third quarter of 2004.  This compares to
total cash and cash equivalents of $35.7 million and $4.15 per common share
outstanding as of June 30, 2004.

    *  Total shareholders' equity increased to $62.8 million as of September
30, 2004 from $60.2 million at June 30, 2004, principally due to an increase
of $1.52 million in the Company's retained earnings.  The Company's net book
value increased from $7.01 per common share outstanding at June 30, 2004 to
$7.21 per common share outstanding at September 30, 2004.

    *  For the quarter ended September 30, 2004, the basic weighted average
number of common shares and common share equivalents outstanding were
8,635,968 and the diluted weighted number of common shares and common share
equivalents outstanding were 9,594,498.

    TechTeam Global, Inc. will also host an investor teleconference to discuss
its third quarter 2004 financial results at 10:00 a.m. EDT, today, Wednesday,
October 27, 2004.
    To access a simultaneous Webcast of the teleconference, go to the TechTeam
Global web site at http://www.techteam.com/press and click on the Webcast
icon.  From this site, you can download the necessary software and listen to
the teleconference.  TechTeam encourages you to review the site before the
teleconference to ensure that your computer is configured properly.
    A taped replay of the call will be available beginning at approximately
noon EDT, Wednesday, October 27, 2004.  This toll-free replay will be
available until noon EST, Wednesday, November 3, 2004.  To listen to the
teleconference replay, call 800-633-8284.  (Outside the United States, call
+1-402-977-9140.)  When prompted, enter the TechTeam reservation number:
21211181.

    TechTeam Global, Inc. is a global provider of information technology and
business process outsourcing services.  The Company's ability to integrate
computer services into a flexible, total single point of contact solution is a
key element of its success.  Partnerships with some of the world's "best-in-
class" corporations provide TechTeam with unparalleled experience and
expertise in providing the following IT support solutions: help desk/call
center services, technical staffing, professional services/systems
integration, and training programs.  For information about TechTeam Global,
Inc. and its outstanding services call 1-800-522-4451.

    Safe Harbor Statement
    The statements contained in this press release that are not purely
historical, including statements regarding the Company's expectations, hopes,
beliefs, intentions, or strategies regarding the future, are forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements include statements regarding, among other things,
the growth of the Company's core business, revenue, and earnings performance
going forward, management of overhead expenses, productivity, and operating
expenses.  Forward-looking statements may be identified by words including,
but not limited to, "anticipates," "believes," "intends," "estimates,"
"promises," "expects," "should," "conditioned upon," and similar expressions.
Prospective investors are cautioned that any such forward-looking statements
are not guarantees of future performance and involve risks and uncertainties,
and that actual results may differ materially from those projected in the
forward-looking statements as a result of various factors.  Such factors
include, but are not limited to, the award or loss of significant client
assignments, timing of contracts, recruiting and new business solicitation
efforts, the market's acceptance of and demand for the Company's offerings,
competition, unforeseen expenses, the costs and risks associated with our
expansion into Romania and in executing an offshore strategy, the Company's
exit from the leasing business, demands upon and consumption of the Company's
cash and cash equivalent resources or changes in the Company's access to
working capital, currency fluctuations, changes in the quantity of the
Company's common stock outstanding, regulatory changes and other factors
affecting the financial constraints on the Company's clients, economic factors
specific to the automotive industry, general economic conditions, unforeseen
disruptions in transportation, communications or other infrastructure
components, unforeseen or unplanned delays in the Company's ability to
consummate acquisitions, and the Company's ability to successfully integrate
acquisitions on a timely basis.  All forward-looking statements included in
this press release are based on information available to the Company on the
date hereof, and the Company assumes no obligation to update any such forward-
looking statement.  Prospective investors should also review all aspects of
the Company's Reports on Forms 8-K, 10-Q, and 10-K filed with the United
States Securities and Exchange Commission, including Management's Discussion
and Analysis, and the risks described therein from time to time.

                                Financial Data
                            TechTeam Global, Inc.

         Condensed Consolidated Statements of Operations (unaudited)
                    (In thousands, except per share data)

                                 Three Months Ended       Nine Months Ended
                                   September 30,            September 30,
                               2004     2003 % Change   2004    2003  % Change
    Revenue
        Corporate services   $34,025  $21,899  55.4%  $94,672  $63,886  48.2%
        Leasing operations        94      409 (77.0)%     397    2,101 (81.1)%
    Total Revenue             34,119   22,308  52.9%   95,069   65,987  44.1%
        Cost of revenue       26,194   18,057  45.1%   71,939   54,018  33.2%
    Gross Profit               7,925    4,251  86.4%   23,130   11,969  93.2%
        SG&A expense           5,781    4,703  22.9%   17,986   14,630  22.9%
    Operating Income (Loss)    2,144     (452)          5,144   (2,661)
        Net interest income      175      388             464      875
        Foreign currency
         transaction gain (loss) (50)      86            (268)     449
    Income (Loss) Before
     Income Taxes              2,269       22           5,340   (1,337)
        Income tax provision     751      453           2,122      459
    Net Income (Loss)         $1,518    $(431)         $3,218  $(1,796)
    Basic Earnings (Loss)
     Per Share                 $0.18   $(0.04)          $0.37   $(0.18)
    Diluted Earnings (Loss)
     Per Share                 $0.16   $(0.04)          $0.34   $(0.18)
    Basic weighted average
     common shares             8,636    9,723           8,640    9,975
    Diluted weighted average
     common shares             9,594    9,723           9,554    9,975

         Condensed Consolidated Statements of Operations (unaudited)
                                (In thousands)

                                 Three Months Ended       Nine Months Ended
                                    September 30,           September 30,
                               2004     2003 % Change   2004     2003 % Change

    EBITDA(1)                $3,324   $1,060 213.6%   $8,223   $2,364  247.8%
    EBITDA Excluding
     Leasing Operations(2)   $3,265   $1,125 190.2%   $8,016   $2,876  178.7%

    (1)Reconciliation of Net
     Income to EBITDA
        Net income (loss)    $1,518    $(431)         $3,218  $(1,796)
        Net interest income    (175)    (388)(54.9%)    (464)    (875) (47.0)%
        Income tax provision    751      453  65.8%    2,122      459  362.3%
        Depreciation and
         amortization         1,230    1,426 (13.7)%   3,347    4,576  (26.9)%
    EBITDA                   $3,324   $1,060 213.6%   $8,223   $2,364  247.8%

    (2)Reconciliation of
     EBITDA to EBITDA Excluding
     Leasing Operations
        EBITDA               $3,324   $1,060 213.6%   $8,223   $2,364  247.8%
        Less - amounts
         related to Leasing
         Operations
        Net income (loss)        33     (349)             54   (1,706)
        Net interest expense      2        6 (66.7)%      39       14  178.6%
        Depreciation and
         amortization            24      278 (91.4)%     114    1,180  (90.3)%
    EBITDA Excluding
     Leasing Operations      $3,265   $1,125 190.2%   $8,016   $2,876  178.7%

       Condensed Consolidated Statements of Financial Position (unaudited)
                                  (In thousands)

                                        September 30,  December 31,      %
                                            2004           2003        Change
    Current Assets
        Cash and cash equivalents         $40,103        $35,195        13.9%
        Accounts receivable, less
         reserves                          24,643         23,147         6.5%
        Other current assets                2,372          2,258         5.0%
    Total Current Assets                   67,118         60,600        10.8%
    Property, Equipment, and Purchased
     Software
        Computer equipment and office
         furniture                         21,819         20,610         5.9%
        Purchased software                 11,291         11,093         1.8%
        Leasehold improvements              4,580          4,522         1.3%
        Transportation equipment              316            269        17.5%
                                           38,006         36,494         4.1%
        Less - accumulated
         depreciation and amortization    (29,732)       (26,590)       11.8%
    Net Property, Equipment, and
     Purchased Software                     8,274          9,904       (16.5)%
    Other Assets
        Intangibles, less accumulated
         amortization                       3,750          3,634         3.2%
        Goodwill                            2,743          2,099        30.7%
        Other                                 365          1,463       (75.1)%
    Total Other Assets                      6,858          7,196        (4.7)%
    Total Assets                          $82,250        $77,700         5.9%
    Current Liabilities
        Accounts payable                   $3,008         $2,785         8.0%
        Accrued payroll, related taxes,
         and withholdings                   7,280          4,692        55.2%
        Current portion of notes payable       91            906       (90.0)%
        Other current liabilities           3,725          3,139        18.7%
    Total Current Liabilities              14,104         11,522        22.4%
    Long-Term Liabilities                     332            408       (18.6)%
    Redeemable Convertible Preferred Stock  5,000          5,000           -
    Shareholders' Equity
        Common stock                           87             88        (1.1)%
        Additional paid-in capital         58,587         59,932        (2.2)%
        Retained earnings                   3,286             68      4732.4%
        Accumulated other comprehensive
         income - Cumulative translation
         adjustment                           854            682        25.2%
    Total Shareholders' Equity             62,814         60,770         3.4%
    Total Liabilities and Shareholders'
     Equity                               $82,250        $77,700         5.9%

           Condensed Consolidated Statements of Cash Flows (unaudited)
                                  (In thousands)

                                               Nine Months Ended September 30,
                                                     2004           2003
    Operating Activities
        Net income (loss)                           $3,218        $(1,796)
        Adjustments to reconcile net income
         (loss) to net cash provided by
         operating activities
                Depreciation and amortization        3,348          4,576
                Other adjustments                    3,079          1,695
    Net cash provided by operating activities        9,645          4,475
    Investing Activities
        Purchase of property, equipment, and
         software, net                              (1,252)        (3,840)
        Cash paid for acquisitions, net of
         cash acquired                              (1,036)             -
        Sale of marketable securities, net               -          6,492
       Other                                             -             15
    Net cash provided by (used in) investing
     activities                                     (2,288)         2,667
    Financing Activities
        Purchase of Company common stock            (2,744)        (6,750)
        Payments on notes payable, net              (1,045)          (323)
        Proceeds from issuance of Company stock      1,093            461
        Proceeds from issuance of preferred stock        -          4,817
    Net cash used in financing activities           (2,696)        (1,795)
    Effect of exchange rate changes on cash and
     cash equivalents                                  247            336
    Increase in cash and cash equivalents            4,908          5,683
    Cash and Cash Equivalents at Beginning
     of Period                                      35,195         39,435
    Cash and Cash Equivalents at End of Period     $40,103        $45,118

SOURCE  TechTeam Global, Inc.
    -0-                             10/27/2004
    /CONTACT:  William F. Coyro, Jr., President and Chief Executive Officer,
+1-248-357-2866, wcoyro@techteam.com, or David W. Morgan, Vice President,
Chief Financial Officer, and Treasurer, +1-248-357-2866,
dmorgan@techteam.com , both of TechTeam Global, Inc./
    /Web site:  http://www.techteam.com
                http://www.techteam.com/press/
    (TEAM)

CO:  TechTeam Global, Inc.
ST:  Michigan
IN:  CPR
SU:  ERN CCA MAV<PAGE>

                                                                   EXHIBIT 10.23

                                    EBAY INC.
                           1998 EQUITY INCENTIVE PLAN

                              STOCK BONUS AGREEMENT

      Pursuant to the Stock Bonus Grant Notice ("Grant Notice") and this Stock
Bonus Agreement (collectively, the "Award") and in consideration of your past
services, eBay Inc. (the "Company") has awarded you a stock bonus under its 1998
Equity Incentive Plan (the "Plan") for the number of Shares of the Company's
common stock subject to the Award as indicated in the Grant Notice. Defined
terms not explicitly defined in this Stock Bonus Agreement but defined in the
Plan shall have the same definitions as in the Plan.

      The details of your Award are as follows:

      1. VESTING. Subject to the limitations contained herein, your Award will
vest as provided in the Grant Notice, provided that vesting will cease upon your
Termination.

      2. NUMBER OF SHARES. The number of Shares subject to your Award may be
adjusted from time to time for capitalization adjustments, as provided in the
Plan.

      3. SECURITIES LAW COMPLIANCE. You may not be issued any Shares under your
Award unless the Shares are either (i) then registered under the Securities Act
or (ii) the Company has determined that such issuance would be exempt from the
registration requirements of the Securities Act. Your Award must also comply
with other applicable laws and regulations governing the Award, and you will not
receive such Shares if the Company determines that such receipt would not be in
material compliance with such laws and regulations.

      4. FORFEITURE OF UNVESTED SHARES.

            (a) Upon your Termination, you shall automatically forfeit the
Shares you received pursuant to your Award that have not as yet vested in
accordance with the Vesting Schedule on the Grant Notice (the "Unvested
Shares"), the Escrow Agent (as provided for in the Joint Escrow Instructions
attached to the Grant Notice as Attachment IV) shall transfer to the Company all
of Unvested Shares.

            (b) The Shares issued under your Award shall be held in escrow
pursuant to the terms of the Joint Escrow Instructions attached to the Grant
Notice as Attachment IV. You agree to execute four (4) Assignment Separate From
Certificate forms (with date and number of shares blank) substantially in the
form attached to the Grant Notice as Attachment III and deliver the same, along
with the certificate or certificates evidencing the Shares, for use by the
Escrow Agent pursuant to the terms of the Joint Escrow Instructions.

            (c) Subject to the provisions of your Award, you shall, during the
term of your Award, exercise all rights and privileges of a shareholder of the
Company with respect to the Shares deposited in escrow. You shall be deemed to
be the holder of the Shares for purposes of receiving any dividends which may be
paid with respect to such Shares and for purposes of

                                       1.
<PAGE>

exercising any voting rights relating to such Shares, even if some or all of
such Shares have not yet vested and are subject to forfeiture. To the extent any
dividends are paid with respect to the Shares, you shall receive such dividends
in the same manner and at the same time as the other securities holders of the
Company, without any adjustment for interest if such receipt is delayed.

            (d) If, from time to time, there is any stock dividend, stock split
or other change in the character or amount of any of the outstanding stock of
the corporation the stock of which is subject to the provisions of your Award,
then in such event any and all new, substituted or additional securities to
which you are entitled by reason of your ownership of the Shares acquired under
your Award shall be immediately unvested and subject to forfeiture with the same
force and effect as the Shares were unvested and subject to forfeiture
immediately before such event and you agree to deliver any such unvested
securities to the Company's Corporate Secretary to be dealt with in accordance
with the Joint Escrow Instructions.

      5. RESTRICTIVE LEGENDS. The Shares issued under your Award shall be
endorsed with appropriate legends determined by the Company.

      6. AWARD NOT A SERVICE CONTRACT. Your Award is not an employment or
service contract, and nothing in your Award shall be deemed to create in any way
whatsoever any obligation on your part to continue in the employ of the Company
or an affiliate, or on the part of the Company or an affiliate to continue your
employment. In addition, nothing in your Award shall obligate the Company or an
affiliate, their respective shareholders, boards of directors, officers or
employees to continue any relationship that you might have as a director or
consultant for the Company or an affiliate.

      7. WITHHOLDING OBLIGATIONS.

            (a) At the time your Award is made, or at any time thereafter as
requested by the Company, you hereby authorize withholding from payroll and any
other amounts payable to you, and otherwise agree to make adequate provision for
any sums required to satisfy the federal, state, local and foreign tax
withholding obligations of the Company or an affiliate, if any, which arise in
connection with your Award.

            (b) Unless the tax withholding obligations of the Company and/or any
affiliate are satisfied, the Company shall have no obligation to issue a
certificate for such Shares or release such Shares from any escrow provided for
herein.

      8. TAX CONSEQUENCES. The acquisition and vesting of the Shares may have
adverse tax consequences to you that may avoided or mitigated by filing an
election under Section 83(b) the Code. Such election must be filed within thirty
(30) days after the date of your Award. YOU ACKNOWLEDGE THAT IT IS YOUR OWN
RESPONSIBILITY, AND NOT THE COMPANY'S, TO FILE A TIMELY ELECTION UNDER CODE
SECTION 83(b), EVEN IF YOU REQUEST THE COMPANY TO MAKE THE FILING ON YOUR
BEHALF.

      9. NOTICES. Any notices provided for in your Award or the Plan shall be
given in writing and shall be deemed effectively given upon receipt or, in the
case of notices delivered by

                                       2.
<PAGE>

the Company to you, five (5) days after deposit in the United States mail,
postage prepaid, addressed to you at the last address you provided to the
Company.

      10. MISCELLANEOUS.

            (a) The rights and obligations of the Company under your Award shall
be transferable to any one or more persons or entities, and all covenants and
agreements hereunder shall inure to the benefit of, and be enforceable by the
Company's successors and assigns. Your rights and obligations under your Award
may not be assigned or transferred.

            (b) You agree upon request to execute any further documents or
instruments necessary or desirable in the sole determination of the Company to
carry out the purposes or intent of your Award.

            (c) You acknowledge and agree that you have reviewed your Award in
its entirety, have had an opportunity to obtain the advice of counsel prior to
executing and accepting your Award and fully understand all provisions of your
Award.

      11. GOVERNING PLAN DOCUMENT. Your Award is subject to all the provisions
of the Plan, the provisions of which are hereby made a part of your Award, and
is further subject to all interpretations, amendments, rules and regulations
which may from time to time be promulgated and adopted pursuant to the Plan. In
the event of any conflict between the provisions of your Award and those of the
Plan, the provisions of the Plan shall control.

                                       3.
<PAGE>

                            JOINT ESCROW INSTRUCTIONS

[Date]

Corporate Secretary
eBay Inc.
2145 Hamilton Avenue
San Jose, CA 95125

Dear Sir/Madam:

      As Escrow Agent for both eBay Inc., a Delaware corporation (the
"Company"), and the undersigned recipient of common stock of the Company
("Participant"), you are hereby authorized and directed to hold the documents
delivered to you pursuant to the terms of that certain Stock Bonus Grant Notice
(the "Grant Notice"), dated ____________to which a copy of these Joint Escrow
Instructions is attached as Attachment IV, and pursuant to the terms of that
certain Stock Bonus Agreement ("Agreement"), which is Attachment I to the Grant
Notice, in accordance with the following instructions:

      1. In the event Participant ceases to render services to the Company or an
affiliate of the Company during the vesting period set forth in the Grant
Notice, the Company or its assignee will notify you that the Unvested Shares (as
defined in the Agreement) shall be transferred to the Company. Participant and
the Company hereby irrevocably authorize and direct you to close the transaction
contemplated by such notice in accordance with the terms of said notice. At such
closing you are directed (a) to date any stock assignments necessary for the
transfer in question, (b) to fill in the number of shares being transferred, and
(c) to deliver same, together with the certificate (as appropriate) evidencing
the shares of stock to be transferred to the Company.

      2. Participant irrevocably authorizes the Company to deposit with you any
certificates evidencing shares of stock to be held by you hereunder and any
additions and substitutions to said shares as specified in the Agreement.
Participant does hereby irrevocably constitute and appoint you as Participant's
attorney-in-fact and agent for the term of this escrow to execute with respect
to such securities and other property all documents of assignment and/or
transfer and all stock certificates necessary or appropriate to make all
securities negotiable and complete any transaction herein contemplated.

      3. This escrow shall terminate with respect to the vested shares upon
vesting of such shares or upon the earlier return of the shares to the Company.

      4. If at the time of termination of this escrow you should have in your
possession any documents, securities, or other property belonging to
Participant, you shall deliver all of same to any pledgee entitled thereto or,
if none, to Participant and shall be discharged of all further obligations
hereunder.

                                       1.
<PAGE>

      5. Your duties hereunder may be altered, amended, modified or revoked only
by a writing signed by all of the parties hereto.

      6. You shall be obligated only for the performance of such duties as are
specifically set forth herein and may rely and shall be protected in relying or
refraining from acting on any instrument reasonably believed by you to be
genuine and to have been signed or presented by the proper party or parties or
their assignees. You shall not be personally liable for any act you may do or
omit to do hereunder as Escrow Agent or as attorney-in-fact for Participant
while acting in good faith and any act done or omitted by you pursuant to the
advice of your own attorneys shall be conclusive evidence of such good faith.

      7. You are hereby expressly authorized to disregard any and all warnings
given by any of the parties hereto or by any other person or corporation,
excepting only orders or process of courts of law, and are hereby expressly
authorized to comply with and obey orders, judgments or decrees of any court. In
case you obey or comply with any such order, judgment or decree of any court,
you shall not be liable to any of the parties hereto or to any other person,
firm or corporation by reason of such compliance, notwithstanding any such
order, judgment or decree being subsequently reversed, modified, annulled, set
aside, vacated or found to have been entered without jurisdiction.

      8. You shall not be liable in any respect on account of the identity,
authority or rights of the parties executing or delivering or purporting to
execute or deliver the Grant Notice or any documents or papers deposited or
called for hereunder.

      9. You shall not be liable for the outlawing of any rights under any
statute of limitations with respect to these Joint Escrow Instructions or any
documents deposited with you.

      10. You shall be entitled to employ such legal counsel, including but not
limited to Cooley Godward LLP, and other experts as you may deem necessary
properly to advise you in connection with your obligations hereunder, may rely
upon the advice of such counsel, and may pay such counsel reasonable
compensation therefor.

      11. Your responsibilities as Escrow Agent hereunder shall terminate if you
shall cease to be Secretary of the Company or if you shall resign by written
notice to each party. In the event of any such termination, the Company may
appoint any officer or assistant officer of the Company as successor Escrow
Agent and Participant hereby confirms the appointment of such successor or
successors as his attorney-in-fact and agent to the full extent of your
appointment.

      12. If you reasonably require other or further instruments in connection
with these Joint Escrow Instructions or obligations in respect hereto, the
necessary parties hereto shall join in furnishing such instruments.

      13. It is understood and agreed that should any dispute arise with respect
to the delivery and/or ownership or right of possession of the securities, you
may (but are not obligated to) retain in your possession without liability to
anyone all or any part of said securities until such dispute shall have been
settled either by mutual written agreement of the parties concerned or by a
final order, decree or judgment of a court of competent jurisdiction after the
time for

                                       2.
<PAGE>

appeal has expired and no appeal has been perfected, but you shall be under no
duty whatsoever to institute or defend any such proceedings.

      14. Any notice required or permitted hereunder shall be given in writing
and shall be deemed effectively given upon personal delivery or upon deposit in
any United States Post Box, by registered or certified mail with postage and
fees prepaid, addressed to each of the other parties hereunto entitled at the
following addresses, or at such other addresses as a party may designate by ten
(10) days' written notice to each of the other parties hereto:

                     COMPANY:      eBay Inc.
                                   2145 Hamilton Avenue
                                   San Jose, CA 95125
                                   Attn:  Senior Vice President, Legal Affairs

                     PARTICIPANT:  __________________________________________
                                   __________________________________________
                                   __________________________________________
                                   __________________________________________

                     ESCROW AGENT: eBay Inc.
                                   2145 Hamilton Avenue
                                   San Jose, CA 95125
                                   Attn:  Corporate Secretary

      15. Defined terms not explicitly defined in these Joint Escrow
Instructions but defined in the Company's 1998 Equity Incentive Plan (the
"Plan") or the Agreement shall have the same definition as in the Plan or
Agreement

      16. By signing these Joint Escrow Instructions you become a party hereto
only for the purpose of said Joint Escrow Instructions; you do not become a
party to the Grant Notice.

      17. This instrument shall be binding upon and inure to the benefit of the
parties hereto, and their respective successors and permitted assigns. It is
understood and agreed that references to "you" or "your" herein refer to the
original Escrow Agent and to any and all successor Escrow Agents. It is
understood and agreed that the Company may at any time or from time to time
assign its rights under the Grant Notice and these Joint Escrow Instructions in
whole or in part.

                                   Very truly yours,

                                   EBAY INC.

                                   By:_______________________________________

                                       3.
<PAGE>

                                   PARTICIPANT

                                   __________________________________________

                                   Name:_____________________________________

ESCROW AGENT:

_______________________________

                                       4.
<PAGE>

                      ASSIGNMENT SEPARATE FROM CERTIFICATE

      FOR VALUE RECEIVED and pursuant to that certain Stock Bonus Grant Notice
and Stock Bonus Agreement (the "Award"), [PARTICIPANT'S NAME] hereby sells,
assigns and transfers unto eBay Inc., a Delaware corporation (the "Company"),
_________________________ (__________) shares of the common stock of the
Company, standing in the undersigned's name on the books of the Company
represented by Certificate No. _____ herewith and does hereby irrevocably
constitute and appoint [ESCROW AGENT] as attorney-in-fact to transfer the said
stock on the books of the Company with full power of substitution in the
premises. This Assignment may be used only in accordance with and subject to the
terms and conditions of the Award, in connection with the reacquisition of
shares of common stock of the Company issued to the undersigned pursuant to the
Award, and only to the extent that such shares remain unvested and subject to
forfeiture under the Award.

Dated:_____________________

                                 Signature:_____________________________________
                                            [PARTICIPANT'S NAME], PARTICIPANT

[INSTRUCTION: Please do not fill in any blanks other than the signature line.
The purpose of this Assignment is to enable the Company to reacquire the
unvested shares upon your termination as set forth in the Award without
requiring additional signatures on your part.]

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