Document:

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                                                                   Exhibit 10.22

                               MEGADEPOT.COM, INC.

                         COMMON STOCK PURCHASE AGREEMENT

     This Common Stock Purchase Agreement (this "Agreement") is made as of April
                                                 ---------
9, 1999 by and between MegaDepot.com, Inc., a Washington corporation (the
"Company"), and Mike Pickett ("Purchaser").
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         1. Sale of Stock. Upon the terms and subject to the conditions of this
            -------------
Agreement, on the Purchase Date (as defined below) the Company will issue and
sell to Purchaser, and Purchaser agrees to purchase from the Company, Two
Hundred Fifty-Six Thousand Five Hundred Fifty-Six (256,556) shares of the
Company's Common Stock (the "Shares") at a purchase price of Five Cents ($0.05)
                             ------
per Share, for a total purchase price of Twelve Thousand Eight Hundred and
Twenty-Seven Dollars and Eighty Cents ($12,827.80). The term "Shares" refers to
the purchased Shares and all securities received in replacement of or in
connection with the Shares pursuant to stock dividends or splits, all securities
received in replacement of the Shares in a recapitalization, merger,
reorganization, exchange or the like, and all new, substituted or additional
securities or other properties to which Purchaser is entitled by reason of
Purchaser's ownership of the Shares.

         2. Purchase. The purchase and sale of the Shares under this Agreement
            --------
shall occur at the principal office of the Company simultaneously with the
execution of this Agreement by the parties, or on such other date as the Company
and Purchaser shall agree (the "Purchase Date"). On the Purchase Date, the
                                -------------
Company will deliver to Purchaser a certificate representing the Shares to be
purchased by Purchaser (which shall be issued in Purchaser's name) for cash,
services rendered, intellectual property, or any combination thereof by
Purchaser to the Company in the amount of Twelve Thousand Eight Hundred and
Twenty-Seven Dollars and Eighty Cents ($12,827.80).

         3. Limitations on Transfer. In addition to any other limitations on
            -----------------------
transfer created by applicable securities laws, Purchaser shall not assign,
encumber or dispose of any interest in the Shares while the Shares are subject
to the Company's Repurchase Option (as defined below), except as provided below.
After any Shares have been released from the Repurchase Option, Purchaser shall
not assign, encumber or dispose of any interest in such Shares except in
compliance with the provisions below and applicable securities laws.

             (a) Repurchase Option.
                 -----------------

                 (i) In the event of the voluntary or involuntary termination of
Purchaser's employment or consulting relationship with the Company for any
reason (including death or disability), with or without cause, the Company shall
upon the date of such termination (the "Termination Date") have an irrevocable,
                                        ----------------
exclusive option (the "Repurchase Option") to repurchase all or any portion of
                       -----------------
the Shares held by Purchaser as of the Termination Date which have not yet been
released from the Company's Repurchase Option at the original purchase price per
Share specified in Section 1 (adjusted for any stock splits, stock dividends and
the like).

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                 (ii) The Repurchase Option shall be exercised by the Company by
written notice to Purchaser or Purchaser's executor and, at the Company's
option, (A) by delivery to Purchaser or Purchaser's executor of a check in the
amount of the purchase price for the Shares being purchased, or (B) in the event
Purchaser is indebted to the Company, by cancellation by the Company of an
amount of such indebtedness equal to the purchase price for the Shares being
repurchased, or (C) by a combination of (A) and (B) so that the combined payment
and cancellation of indebtedness equals such purchase price. Upon delivery of
such notice and payment of the purchase price in any of the ways described
above, the Company shall become the legal and beneficial owner of the Shares
being repurchased and all rights and interest therein or related thereto, and
the Company shall have the right to transfer to its own name the number of
Shares being repurchased by the Company, without further action by Purchaser.

                 (iii) One hundred percent (100%) of the Shares shall initially
be subject to the Repurchase Option, of which (A) one-fourth (1/4) of the Shares
shall be vested on the date that is one year from the Vesting Commencement Date
(as set forth on the signature page of this Agreement), and (B) an additional
one forty-eighth (1/48) of the Shares shall vest and be released from the
Repurchase Option (provided in each case that Purchaser's employment or
consulting relationship with the Company has not been terminated prior to the
date of any such release) each month thereafter until such Shares are fully
vested. Fractional shares shall be rounded to the nearest whole share.

                 (iv) In the event of a Change in Control Transaction (as
defined below), fifty percent (50%) of all unvested Shares shall be fully vested
upon the consummation of the Change in Control Transaction, and the remaining
fifty percent (50%) of all unvested Shares shall be fully vested upon the
consummation of the Change in Control Transaction if and only if, within twelve
(12) months of the consummation of such Change in Control Transaction,
Purchaser's employment or consultancy, as the case may be, with the Company (or
the Company's successor) is either terminated by the Company (or the Company's
successor) other than for Cause (as defined below) or terminated by the
Purchaser for Good Reason (as defined below). For purposes of this Agreement,
"Cause" means fraud, misappropriation or embezzlement on the part of Purchaser
which results in material loss, damage or injury to the Company (or the
Company`s successor), the Purchaser's conviction of a felony involving moral
turpitude, or the Purchaser's gross neglect of duties. For purposes of this
Agreement, "Good Reason" means (A) a material reduction in compensation, (B) a
relocation of the Purchaser's principal worksite to a location more than fifty
(50) miles from the Purchaser's pre-Change of Control Transaction worksite or
(C) a demotion or a material reduction in responsibilities or authority from
Purchaser's pre-Change of Control Transaction position. For the purposes of this
Agreement, a "Change in Control Transaction" shall mean (i) the direct or
indirect sale of or exchange in a single series of related transactions by the
shareholders of the Company of more than fifty percent (50%) of the voting stock
of the Company, (ii) a merger or consolidation in which the Company is a party
or (iii) the sale, exchange or transfer of all or substantially all of the
assets of the Company, in each case wherein the shareholders of the Company
immediately before such transaction or single series of related transactions do
not retain immediately after such transaction or single series of related
transactions, in substantially the same proportions as their ownership of shares
of the Company's voting stock immediately before such transaction or single
series of related transactions, direct or indirect beneficial ownership of more
than fifty

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percent (50%) of the total combined voting power of the outstanding voting stock
of the Company or the corporation or corporations to which the assets of the
Company were transferred, as the case may be.

             (b) Right of First Refusal. Before any Shares held by Purchaser or
                 ----------------------
any transferee of Purchaser (either being sometimes referred to herein as the
"Holder") may be sold or otherwise transferred (including transfer by gift or
operation of law), the Company or its assignee(s) shall have a right of first
refusal to purchase the Shares on the terms and conditions set forth in this
Section 3(b) (the "Right of First Refusal").
                   ----------------------

                 (i) Notice of Proposed Transfer. The Holder of the Shares shall
                     ---------------------------
deliver to the Company a written notice (the "Notice") stating: (A) the Holder's
                                              ------
bona fide intention to sell or otherwise transfer such Shares, (B) the name of
each proposed purchaser or other transferee ("Proposed Transferee"), (C) the
                                              -------------------
number of Shares to be transferred to each Proposed Transferee and (D) the terms
and conditions of each proposed sale or transfer. The Holder shall offer the
Shares at the same price (the "Offered Price") and upon the same terms (or terms
                               -------------
as similar as reasonably possible) to the Company or its assignee(s).

                 (ii) Exercise of Right of First Refusal. At any time within
                      ----------------------------------
thirty (30) days after receipt of the Notice, the Company and/or its assignee(s)
may, by giving written notice to the Holder, elect to purchase all, but not less
than all, of the Shares proposed to be transferred to any one or more of the
Proposed Transferees, at the purchase price determined in accordance with
subsection (iii) below.

                 (iii) Purchase Price. The purchase price ("ROFR Purchase
                       --------------                       -------------
Price") for the Shares purchased by the Company or its assignee(s) under this
-----
Section 3(b) shall be the Offered Price. If the Offered Price includes
consideration other than cash, the cash equivalent value of the non-cash
consideration shall be determined by the Company's board of directors in good
faith. In the event the transfer occurs by gift or operation of law, the Offered
Price shall be equal to the fair market value as determined by the Company's
board of directors of the Company in its reasonable judgment.

                 (iv) Payment. Payment of the ROFR Purchase Price shall be made,
                      -------
at the option of the Company or its assignee(s), in cash (by check), by
cancellation of all or a portion of any outstanding indebtedness of the Holder
to the Company (or, in the case of repurchase by an assignee, to the assignee),
or by any combination thereof within thirty (30) days after receipt of the
Notice or in the manner and at the times set forth in the Notice.

                 (v) Holder's Right to Transfer. If all of the Shares proposed
                     --------------------------
in the Notice to be transferred to a given Proposed Transferee are not purchased
by the Company and/or its assignee(s) as provided in this Section 3(b), then the
Holder may sell or otherwise transfer such Shares to that Proposed Transferee at
the Offered Price or at a higher price; provided, however, that such sale or
other transfer is consummated within sixty (60) days after the date of the
Notice; and provided further, however that any such sale or other transfer is
effected in accordance with any applicable securities laws and the Proposed
Transferee agrees in writing that the provisions of this Section 3 shall
continue to apply to the Shares in the hands of such

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Proposed Transferee. If the Shares described in the Notice are not transferred
to the Proposed Transferee within such period, or if the Holder proposes to
change the price or other terms to make them more favorable to the Proposed
Transferee, a new Notice shall be given to the Company, and the Company and/or
its assignees shall again be offered the Right of First Refusal before any
Shares held by the Holder may be sold or otherwise transferred.

                 (vi) Exception for Certain Family Transfers. Anything to the
                      --------------------------------------
contrary contained in this Section 3(b) notwithstanding, the transfer of any or
all of the Shares during Purchaser's lifetime or on Purchaser's death by will or
intestacy to Purchaser's Immediate Family or a trust for the benefit of
Purchaser's Immediate Family shall be exempt from the provisions of this Section
3(b). "Immediate Family" as used herein shall mean spouse, lineal descendant or
       ----------------
antecedent, father, mother, brother or sister. In such case, the transferee or
other recipient shall receive and hold the Shares so transferred subject to the
provisions of this Section, and there shall be no further transfer of such
Shares except in accordance with the terms of this Section 3.

             (c) Involuntary Transfer.
                 --------------------

                 (i) Company's Right to Purchase upon Involuntary Transfer. In
                     -----------------------------------------------------
the event, at any time after the date of this Agreement, of any transfer by
operation of law or other involuntary transfer (including death or divorce, but
excluding in the event of death a transfer to Immediate Family as set forth in
Section 3(b)(vi) above) of all or a portion of the Shares by the record holder
thereof, the Company shall have an option to purchase all of the Shares
transferred at the greater of the purchase price paid by Purchaser pursuant to
this Agreement or the fair market value of the Shares on the date of transfer.
Upon such a transfer, the person acquiring the Shares shall promptly notify the
Secretary of the Company of such transfer. The right to purchase such Shares
shall be provided to the Company for a period of thirty (30) days following
receipt by the Company of written notice by the person acquiring the Shares.

                 (ii) Price for Involuntary Transfer. With respect to any stock
                      ------------------------------
to be transferred pursuant to Section 3(c)(i), the price per Share shall be a
price set by the Company's board of directors that will reflect the current
value of the stock in terms of present earnings and future prospects of the
Company. The Company shall notify Purchaser or his or her executor of the price
so determined within thirty (30) days after receipt by it of written notice of
the transfer or proposed transfer of Shares. However, if the Purchaser does not
agree with the valuation as determined by the Company's board of directors, the
Purchaser shall be entitled to have the valuation determined by an independent
appraiser to be mutually agreed upon by the Company and the Purchaser and whose
fees shall be borne equally by the Company and the Purchaser.

             (d) Assignment. The right of the Company to purchase any part of
                 ----------
the Shares may be assigned in whole or in part to any shareholder or
shareholders of the Company or other persons or organizations; provided,
however, that an assignee, other than a corporation that is the parent or a one
hundred percent (100%) owned subsidiary of the Company, must pay the Company,
upon assignment of such right, cash equal to the difference between the original

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purchase price and fair market value, if the original purchase price is less
than the fair market value of the Shares subject to the assignment.

         (e) Restrictions Binding on Transferees. All transferees of Shares or
              ----------------------------------
any interest therein will receive and hold such Shares or interest subject to
the provisions of this Agreement, including, insofar as applicable, the
Repurchase Option. Any sale or transfer of the Company's Shares shall be void
unless the provisions of this Agreement are met.

         (f) Termination of Rights. The Right of First Refusal and the option to
             ---------------------
repurchase the Shares in the event of an involuntary transfer granted the
Company by Section 3(c) above shall terminate upon the first sale of Common
Stock of the Company to the general public pursuant to a registration statement
filed with and declared effective by the Securities and Exchange Commission
under the Securities Act of 1933, as amended (the "Securities Act"). Upon
termination of the Right of First Refusal and the expiration or exercise of the
Repurchase Option, a new certificate or certificates representing the Shares not
repurchased shall be issued, on request, without the legend referred to in
Section 6(a)(ii) below and delivered to Purchaser.

     4. Escrow of Unvested Shares. For purposes of facilitating the enforcement
        -------------------------
of the provisions of Section 3 above, Purchaser agrees, immediately upon receipt
of the certificate(s) for the Shares subject to the Repurchase Option, to
deliver such certificate(s), together with an Assignment Separate from
Certificate in the form attached to this Agreement as Exhibit A executed by
                                                      ---------
Purchaser and by Purchaser's spouse (if required for transfer), in blank, to the
Secretary of the Company, or the Secretary's designee, to hold such
certificate(s) and Assignment Separate from Certificate in escrow and to take
all such actions and to effectuate all such transfers and/or releases as are in
accordance with the terms of this Agreement. Purchaser hereby acknowledges that
the Secretary of the Company, or the Secretary's designee, is so appointed as
the escrow holder with the foregoing authorities as a material inducement to
make this Agreement and that said appointment is coupled with an interest and is
accordingly irrevocable. Purchaser agrees that said escrow holder shall not be
liable when acting in good faith to any party hereof (or to any other party).
The escrow holder may rely upon any letter, notice or other document executed by
any signature purported to be genuine and may resign at any time. Purchaser
agrees that if the Secretary of the Company, or the Secretary's designee,
resigns as escrow holder for any or no reason, the Company's board of directors
shall have the power to appoint a successor to serve as escrow holder pursuant
to the terms of this Agreement.

     5. Investment and Taxation Representations. In connection with the purchase
        ---------------------------------------
of the Shares, Purchaser represents to the Company the following:

         (a) Purchaser is aware of the Company's business affairs and financial
condition and has acquired sufficient information about the Company to reach an
informed and knowledgeable decision to acquire the Shares. Purchaser is
purchasing the Shares for investment for his or her own account only and not
with a view to, or for resale in connection with, any "distribution" thereof
within the meaning of the Securities Act.

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         (b) Purchaser understands that the Shares have not been registered
under the Securities Act by reason of a specific exemption therefrom, which
exemption depends upon, among other things, the bona fide nature of Purchaser's
investment intent as expressed herein.

         (c) Purchaser further acknowledges and understands that the Shares must
be held indefinitely unless they are subsequently registered under the
Securities Act or an exemption from such registration is available. Purchaser
further acknowledges and understands that the Company is under no obligation to
register the Shares. Purchaser understands that the certificate evidencing the
Shares will be imprinted with a legend which prohibits the transfer of the
Shares unless they are registered or such registration is not required in the
opinion of counsel for the Company.

         (d) Purchaser is familiar with the provisions of Rules 144 and 701,
each promulgated under the Securities Act, which, in substance, permit limited
public resale of "restricted securities" acquired, directly or indirectly, from
the issuer thereof (or from an affiliate of such issuer), in a non-public
offering subject to the satisfaction of certain conditions. Rule 701 provides
that if the issuer qualifies under Rule 701 at the time of issuance of the
securities, such issuance will be exempt from registration under the Securities
Act. In the event the Company becomes subject to the reporting requirements of
Section 13 or 15(d) of the Securities Exchange Act of 1934 (the "Exchange Act"),
                                                                 ------------
the securities exempt under Rule 701 may be resold by Purchaser ninety (90) days
thereafter, subject to the satisfaction of certain of the conditions specified
by Rule 144, including, among other things: (1) the sale being made through a
broker in an unsolicited "broker's transaction" or in transactions directly with
a market maker (as said term is defined under the Exchange Act); and (2) in the
case of an affiliate, the availability of certain public information about the
Company, and the amount of securities being sold during any three month period
not exceeding the limitations specified in Rule 144(e), if applicable.
Notwithstanding this Section 5(d), Purchaser acknowledges and agrees to the
restrictions set forth in Section 5(f) hereof.

     In the event that the Company does not qualify under Rule 701 at the time
of purchase, then the Shares may be resold by Purchaser in certain limited
circumstances subject to the provisions of Rule 144, which requires, among other
things: (1) the availability of certain public information about the Company;
(2) the resale occurring not less than two years after the party has purchased,
and made full payment of (within the meaning of Rule 144), the securities to be
sold; and, in the case of an affiliate, or of a non-affiliate who has held the
securities less than three years, (3) the sale being made through a broker in an
unsolicited "broker's transaction" or in transactions directly with a market
maker (as such term is defined under the Exchange Act) and the amount of
securities being sold during any three month period not exceeding the specified
limitations stated therein, if applicable.

         (e) Purchaser further understands that at the time he or she wishes to
sell the Shares there may be no public market upon which to make such a sale,
and that, even if such a public market then exists, the Company may not be
satisfying the current public information requirements of Rule 144 or 701, and
that, in such event, Purchaser would be precluded from selling the Shares under
Rule 144 or 701 even if the two-year minimum holding period had been satisfied.

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         (f) Purchaser further understands that in the event all of the
applicable requirements of Rule 144 or 701 are not satisfied, registration under
the Securities Act, compliance with Regulation A, or some other registration
exemption will be required, and that, notwithstanding the fact that Rules 144
and 701 are not exclusive, the Staff of the Securities and Exchange Commission
has expressed its opinion that persons proposing to sell private placement
securities other than in a registered offering and otherwise than pursuant to
Rule 144 or 701 will have a substantial burden of proof in establishing that an
exemption from registration is available for such offers or sales, and that such
persons and their respective brokers who participate in such transactions do so
at their own risk.

         (g) Purchaser understands that Purchaser may suffer adverse tax
consequences as a result of Purchaser's purchase or disposition of the Shares.
Purchaser represents that Purchaser has consulted any tax consultants Purchaser
deems advisable in connection the purchase or disposition of the Shares and that
Purchaser is not relying on the Company for any tax advice.

     6. Restrictive Legends and Stop-Transfer Orders.
        --------------------------------------------

         (a) Legends. The certificate or certificates representing the Shares
             -------
shall bear the following legends (as well as any legends required by applicable
state and federal corporate and securities laws):

             (i)          THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT
                          BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 OR
                          UNDER THE SECURITIES LAWS OF ANY PARTICULAR STATE, AND
                          HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW
                          TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION
                          THEREOF. NO SUCH SALE OR DISPOSITION MAY BE EFFECTED
                          WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED
                          THERETO OR AN OPINION OF COUNSEL FOR THE COMPANY THAT
                          SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES
                          ACT OF 1933, AS AMENDED.

             (ii)         THE SHARES REPRESENTED BY THIS CERTIFICATE MAY BE
                          TRANSFERRED ONLY IN ACCORDANCE WITH THE TERMS OF AN
                          AGREEMENT BETWEEN THE COMPANY AND THE SHAREHOLDER, A
                          COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE
                          COMPANY.

             (iii)        Any legend required to be placed thereon by the
                          Secretary of State of the State of Washington or other
                          applicable state securities laws.

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         (b) Stop-Transfer Notices. Purchaser agrees that, in order to ensure
             ---------------------
compliance with the restrictions referred to herein, the Company may issue
appropriate "stop transfer" instructions to its transfer agent, if any, and
that, if the Company transfers its own securities, it may make appropriate
notations to the same effect in its own records.

         (c) Refusal to Transfer. The Company shall not be required (i) to
             -------------------
transfer on its books any Shares that have been sold or otherwise transferred in
violation of any of the provisions of this Agreement or (ii) to treat as owner
of such Shares or to accord the right to vote or pay dividends to any purchaser
or other transferee to whom such Shares shall have been so transferred.

     7. No Employment Rights. Nothing in this Agreement shall affect in any
        --------------------
manner whatsoever the right or power of the Company, or a parent or subsidiary
of the Company, to terminate Purchaser's employment, for any reason, with or
without cause.

     8. Section 83(b) Election. Purchaser understands that Section 83(a) of the
        ----------------------
Internal Revenue Code of 1986, as amended (the "Code"), taxes as ordinary income
                                                ----
the difference between the amount paid for the Shares and the fair market value
of the Shares as of the date any restrictions on the Shares lapse. In this
context, "restriction" means the right of the Company to buy back the Shares
          -----------
pursuant to the Repurchase Option set forth in Section 3(a) of this Agreement.
Purchaser understands that Purchaser may elect to be taxed at the time the
Shares are purchased, rather than when and as the Repurchase Option expires, by
filing an election under Section 83(b) (an "83(b) Election") of the Code with
                                            --------------
the Internal Revenue Service within 30 days from the date of purchase. Even if
the fair market value of the Shares at the time of the execution of this
Agreement equals the amount paid for the Shares, the election must be made to
avoid income under Section 83(a) in the future. Purchaser understands that
failure to file such an election in a timely manner may result in adverse tax
consequences for Purchaser. Purchaser further understands that an additional
copy of such election form should be filed with his or her federal income tax
return for the calendar year in which the date of this Agreement falls.
Purchaser acknowledges that the foregoing is only a summary of the effect of
United States federal income taxation with respect to purchase of the Shares
hereunder, and does not purport to be complete. Purchaser further acknowledges
that the Company has directed Purchaser to seek independent advice regarding the
applicable provisions of the Code, the income tax laws of any municipality,
state or foreign country in which Purchaser may reside, and the tax consequences
of Purchaser's death.

         Purchaser agrees that he will execute and deliver to the Company with
this executed Agreement a copy of the Acknowledgment and Statement of Decision
Regarding Section 83(b) Election (the "Acknowledgment"), attached hereto as
                                       --------------
Exhibit B. Purchaser further agrees that Purchaser will execute and submit with
---------
the Acknowledgment a copy of the 83(b) Election, attached hereto as Exhibit C,
                                                                    ---------
if Purchaser has indicated in the Acknowledgment his or her decision to make
such an election.

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     9. Market Standoff Agreement. In connection with the initial public
        -------------------------
offering of the Company's securities and upon request of the Company or the
underwriters managing any underwritten offering of the Company's securities,
Purchaser agrees not to sell, make any short sale of, loan, grant any option for
the purchase of, or otherwise dispose of any Shares (other than those included
in the registration) without the prior written consent of the Company or such
underwriters, as the case may be, for such period of time (not to exceed one
hundred eighty (180) days) from the effective date of such registration as may
be requested by the Company or such managing underwriters and to execute an
agreement reflecting the foregoing as may be requested by the underwriters at
the time of the public offering.

     10. Miscellaneous.
         -------------

         (a) Release of Claims. Purchaser acknowledges and agrees that the
             -----------------
opportunity granted to Purchaser by the Company to purchase the Shares pursuant
to this Agreement constitutes good and adequate consideration for Purchaser's
release of the Company (including all subsidiaries of the Company) from any and
all claims, actions and suits, whether known or unknown, suspected or
unsuspected, that the Company (including all subsidiaries of the Company) or
Purchaser may possess arising from any omissions, acts or facts that have
occurred up until and including the date of this Agreement relating to or
arising from Purchaser's right to receive or purchase (i) shares of capital
stock of the Company or M-Depot Internet Superstore Inc., a corporation
organized under the laws of British Columbia ("M-Depot"), and/or (ii) securities
convertible into shares of capital stock of the Company or M-Depot including,
but not limited to as set forth in any offer letter made by the Company in favor
of Purchaser. The Company and the Purchaser hereby acknowledge and agree that
the release set forth in this Section 10(a) shall be and remain in effect in all
respects as a complete and general release as to the matters set forth in this
Section 10(a). The complete and general release set forth in this Section 10(a)
does not extend to any obligations incurred under this Agreement.

         (b) Governing Law. This Agreement and all acts and transactions
             -------------
pursuant hereto and the rights and obligations of the parties hereto shall be
governed, construed and interpreted in accordance with the laws of the State of
Washington, without giving effect to principles of conflicts of law.

         (c) Entire Agreement; Enforcement of Rights. This Agreement sets forth
             ---------------------------------------
the entire agreement and understanding of the parties relating to the subject
matter herein and merges all prior discussions between them. No modification of
or amendment to this Agreement, nor any waiver of any rights under this
Agreement, shall be effective unless in writing signed by the parties to this
Agreement. The failure by either party to enforce any rights under this
Agreement shall not be construed as a waiver of any rights of such party.

         (d) Severability. If one or more provisions of this Agreement are held
             ------------
to be unenforceable under applicable law, the parties agree to renegotiate such
provision in good faith. In the event that the parties cannot reach a mutually
agreeable and enforceable replacement for such provision, then (i) such
provision shall be excluded from this Agreement, (ii) the balance of the
Agreement shall be interpreted as if such provision were so excluded and (iii)
the balance of the Agreement shall be enforceable in accordance with its terms.

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<PAGE>

         (e) Construction. This Agreement is the result of negotiations between
             ------------
and has been reviewed by each of the parties hereto and their respective
counsel, if any; accordingly, this Agreement shall be deemed to be the product
of all of the parties hereto, and no ambiguity shall be construed in favor of or
against any one of the parties hereto.

         (f) Notices. Any notice required or permitted by this Agreement shall
             -------
be in writing and shall be deemed sufficient when delivered personally or sent
by telegram or fax or forty-eight (48) hours after being deposited in the U.S.
mail, as certified or registered mail, with postage prepaid, and addressed to
the party to be notified at such party's address as set forth below or as
subsequently modified by written notice.

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

         (h) Successors and Assigns. The rights and benefits of this Agreement
             ----------------------
shall inure to the benefit of, and be enforceable by the Company's successors
and assigns. The rights and obligations of Purchaser under this Agreement may
only be assigned with the prior written consent of the Company.

                            [Signature Page Follows]

                                      -10-
<PAGE>

     The parties have executed this Agreement as of the date first set forth
above.

                                       MEGADEPOT.COM, INC.,
                                       a Washington corporation

                                       By:  /s/ Glenn Ballman
                                            ------------------------------
                                            Glenn Ballman
                                            President

                                       Address:  209 1/2 1st Ave. S., Suite 302
                                                 Seattle, WA  98104

     PURCHASER ACKNOWLEDGES AND AGREES THAT THE VESTING OF SHARES PURSUANT TO
SECTION 3 HEREOF IS EARNED ONLY BY CONTINUING SERVICE AS AN EMPLOYEE OR
CONSULTANT AT THE WILL OF THE COMPANY. PURCHASER FURTHER ACKNOWLEDGES AND AGREES
THAT NOTHING IN THIS AGREEMENT SHALL CONFER UPON PURCHASER ANY RIGHT WITH
RESPECT TO CONTINUATION OF SUCH EMPLOYMENT OR CONSULTING RELATIONSHIP WITH THE
COMPANY, NOR SHALL IT INTERFERE IN ANY WAY WITH PURCHASER'S RIGHT OR THE
COMPANY'S RIGHT TO TERMINATE PURCHASER'S EMPLOYMENT OR CONSULTING RELATIONSHIP
AT ANY TIME, WITH OR WITHOUT CAUSE.

                                       PURCHASER:

                                       /s/ Mike Pickett
                                       -----------------------------------
                                       Mike Pickett

                                       Address:  4640 Admiralty Way, 5th Floor
                                                 Marina del Rey, CA  90262

Vesting Commencement
Date: January 1, 1999
<PAGE>

                                    EXHIBIT A
                                    ---------

                      ASSIGNMENT SEPARATE FROM CERTIFICATE
                      ------------------------------------

     FOR VALUE RECEIVED and pursuant to that certain Common Stock Purchase
Agreement between the undersigned ("Purchaser") and MegaDepot.com, Inc., a
                                    ---------
Washington corporation (the "Company"), dated April 9, 1999 (the "Agreement"),
                                                                  ---------
Purchaser hereby sells, assigns and transfers unto the Company
_________________________________ (________) shares of the Common Stock of the
Company standing in Purchaser's name on the Company's books and represented by
Certificate No. COM-23, and does hereby irrevocably constitute and appoint
_____________________________ to transfer said stock on the books of the Company
with full power of substitution in the premises. THIS ASSIGNMENT MAY ONLY BE
USED AS AUTHORIZED BY THE AGREEMENT AND THE EXHIBITS THERETO.

Dated: ______________________

                                            Signature:

                                           /s/ Mike Pickett
                                           -------------------------------
                                           Mike Pickett

Instruction: Please do not fill in any blanks other than the signature line. The
purpose of this assignment is to enable the Company to exercise its repurchase
option set forth in the Agreement without requiring additional signatures on the
part of Purchaser.
<PAGE>

                                    EXHIBIT B
                                    ---------

                    ACKNOWLEDGMENT AND STATEMENT OF DECISION
                    ----------------------------------------
                        REGARDING SECTION 83(b) ELECTION
                        --------------------------------

     The undersigned has entered a stock purchase agreement with MegaDepot.com,
Inc., a Washington corporation (the "Company"), pursuant to which the
                                     -------
undersigned is purchasing 256,556 shares of Common Stock of the Company (the
"Shares"). In connection with the purchase of the Shares, the undersigned hereby
 ------
represents as follows:

     1. The undersigned has carefully reviewed the stock purchase agreement
pursuant to which the undersigned is purchasing the Shares.

     2. The undersigned either [check and complete as applicable]:

     (a)____ has consulted, and has been fully advised by, the undersigned's own
             tax advisor, __________________________, whose business address is
             _____________________________, regarding the federal, state and
             local tax consequences of purchasing the Shares, and particularly
             regarding the advisability of making elections pursuant to Section
             83(b) of the Internal Revenue Code of 1986, as amended (the "Code")
             and pursuant to the corresponding provisions, if any, of applicable
             state law; or

     (b)____ has knowingly chosen not to consult such a tax advisor.

     3. The undersigned hereby states that the undersigned has decided [check as
applicable]:

     (a)____ to make an election pursuant to Section 83(b) of the Code, and is
             submitting to the Company, together with the undersigned's executed
             Common Stock Purchase Agreement, an executed form entitled
             "Election Under Section 83(b) of the Internal Revenue Code of
             1986;" or

     (b)____ not to make an election pursuant to Section 83(b) of the Code.

     4. Neither the Company nor any subsidiary or representative of the Company
has made any warranty or representation to the undersigned with respect to the
tax consequences of the undersigned's purchase of the Shares or of the making or
failure to make an election pursuant to Section 83(b) of the Code or the
corresponding provisions, if any, of applicable state law.

Date:    __________________                 /s/ Mike Pickett
                                            ------------------------------
                                            Mike Pickett
<PAGE>

                                    EXHIBIT C
                                    ----------
                          ELECTION UNDER SECTION 83(b)
                          ----------------------------
                      OF THE INTERNAL REVENUE CODE OF 1986
                      ------------------------------------

     The undersigned taxpayer hereby elects, pursuant to Section 83(b) of the
Internal Revenue Code, to include in taxpayer's gross income for the current
taxable year, the amount of any compensation taxable to taxpayer in connection
with taxpayer's receipt of the property described below:

1.   The name, address, taxpayer identification number and taxable year of the
     undersigned are as follows:

     NAME OF TAXPAYER:  Mike Pickett

     ADDRESS: 4640 Admiralty Way, 5th Floor
              Marina del Rey, CA  90262

     IDENTIFICATION NO. OF TAXPAYER:  _______________

     TAXABLE YEAR:  1999

2.   The property with respect to which the election is made is described as
     follows:

     256,556 shares of the Common Stock (the "Shares") of MegaDepot.com, Inc., a
     Washington corporation (the "Company").

3.   The date on which the property was transferred is: April 9, 1999

4.   The property is subject to the following restrictions:

     Repurchase option at cost in favor of the Company upon termination of
     taxpayer's employment or consulting relationship.

5.   The fair market value at the time of transfer, determined without regard to
     any restriction other than a restriction which by its terms will never
     lapse, of such property is: $12,827.80.

6.   The amount (if any) paid for such property: $12,827.80.

The undersigned has submitted a copy of this statement to the person for whom
the services were performed in connection with the undersigned's receipt of the
above-described property. The transferee of such property is the person
performing the services in connection with the transfer of said property.

The undersigned understands that the foregoing election may not be revoked
--------------------------------------------------------------------------
except with the consent of the Commissioner.
-------------------------------------------

Dated: ______________________               /s/ Mike Pickett
                                            ------------------------------
                                            Mike Pickett
<PAGE>

                                     RECEIPT
                                     -------

     MegaDepot.com, Inc., a Washington corporation (the "Company"), hereby
acknowledges receipt of a check or services rendered in the amount of $12,827.80
given by Mike Pickett as consideration for Certificate No. COM-23 for 256,556
shares of Common Stock of the Company.

Dated:  ________________

                                            MegaDepot.com, Inc.

                                            By:  /s/ Glenn Ballman
                                                 -------------------------

                                            Name:_________________________

                                            Title:________________________
<PAGE>

                               RECEIPT AND CONSENT
                               -------------------

     The undersigned hereby acknowledges receipt of a photocopy of Certificate
No. COM-23 for 256,556 shares of Common Stock of MegaDepot.com, Inc., a
Washington corporation (the "Company").
                             -------

     The undersigned further acknowledges that the Secretary of the Company, or
his or her designee, is acting as escrow holder pursuant to the Common Stock
Purchase Agreement Purchaser has previously entered into with the Company. As
escrow holder, the Secretary of the Company, or his or her designee, holds the
original of the aforementioned certificate issued in the undersigned's name.

Dated:  _________________________

                                            /s/ Mike Pickett
                                            ------------------------------
                                            Mike Pickett<PAGE>

                                                                   Exhibit 10.23

                                ONVIA.COM, INC.

                        COMMON STOCK PURCHASE AGREEMENT
                        -------------------------------

     This Common Stock Purchase Agreement (this "Agreement") is made as of
                                                 ---------
December 8, 1999 by and between Onvia.com, Inc., a Washington corporation (the
"Company"), and Jeffrey Ballowe ("Purchaser").
--------                          ---------

     1.  Sale of Stock.  Upon the terms and subject to the conditions of this
         -------------
Agreement, on the Purchase Date (as defined below) the Company will issue and
sell to Purchaser, and Purchaser agrees to purchase from the Company, Sixty
Thousand (60,000) shares of the Company's Common Stock (the "Shares") at a
                                                             ------
purchase price of Two Dollars and Fifty Cents ($2.50) per Share, for a total
purchase price of One Hundred Fifty Thousand Dollars ($150,000).  The term
"Shares" refers to the purchased Shares and all securities received in
replacement of or in connection with the Shares pursuant to stock dividends or
splits, all securities received in replacement of the Shares in a
recapitalization, merger, reorganization, exchange or the like, and all new,
substituted or additional securities or other properties to which Purchaser is
entitled by reason of Purchaser's ownership of the Shares.  The Shares are being
issued pursuant to a restricted stock plan unanimously approved by the Company's
board of directors.

     2.  Purchase.  The purchase and sale of the Shares under this Agreement
         --------
shall occur at the principal office of the Company simultaneously with the
execution of this Agreement by the parties, or on such other date as the Company
and Purchaser shall agree (the "Purchase Date").  On the Purchase Date, the
                                -------------
Company will deliver to Purchaser a certificate representing the Shares to be
purchased by Purchaser (which shall be issued in Purchaser's name) for cash,
services rendered, intellectual property, or any combination thereof by
Purchaser to the Company in the amount of One Hundred Fifty Thousand Dollars
($150,000).

     3.  Limitations on Transfer.  In addition to any other limitations on
         -----------------------
transfer created by applicable securities laws, Purchaser shall not assign,
encumber or dispose of any interest in the Shares while the Shares are subject
to the Company's Repurchase Option (as defined below), except as provided below.
After any Shares have been released from the Repurchase Option, Purchaser shall
not assign, encumber or dispose of any interest in such Shares except in
compliance with the provisions below and applicable securities laws.

          (a)  Repurchase Option.
               -----------------

     (i) In the event of the voluntary or involuntary termination of Purchaser's
employment or consulting relationship with the Company for any reason (including
death or disability), with or without cause, the Company shall upon the date of
such termination (the "Termination Date") have an irrevocable, exclusive option
                       ----------------
(the "Repurchase Option") to repurchase all or any portion of the Shares held by
      -----------------
Purchaser as of the Termination Date which have not yet been released from the
Company's Repurchase Option at the original purchase price per Share specified
in Section 1 (adjusted for any stock splits, stock dividends and the like).
<PAGE>

     (ii) The Repurchase Option shall be exercised by the Company by written
notice to Purchaser or Purchaser's executor and, at the Company's option, (A) by
delivery to Purchaser or Purchaser's executor of a check in the amount of the
purchase price for the Shares being purchased, or (B) in the event Purchaser is
indebted to the Company, by cancellation by the Company of an amount of such
indebtedness equal to the purchase price for the Shares being repurchased, or
(C) by a combination of (A) and (B) so that the combined payment and
cancellation of indebtedness equals such purchase price.  Upon delivery of such
notice and payment of the purchase price in any of the ways described above, the
Company shall become the legal and beneficial owner of the Shares being
repurchased and all rights and interest therein or related thereto, and the
Company shall have the right to transfer to its own name the number of Shares
being repurchased by the Company, without further action by Purchaser.

     (iii)  One hundred percent (100%) of the Shares shall initially be subject
to the Repurchase Option.  Twenty-five percent (25%) of the total Shares shall
be vested as of the Vesting Commencement Date (as set forth on the signature
page of this Agreement) and 1/36 of the remaining Shares shall vest and be
released from the Repurchase Option (provided in each case that Purchaser's
employment or consulting relationship with the Company has not been terminated
prior to the date of any such release) each month thereafter until such Shares
are fully vested.  Fractional shares shall be rounded to the nearest whole
share.

     (iv) In the event of a Change in Control Transaction (as defined below),
fifty percent (50%) of all unvested Shares shall be fully vested upon the
consummation of the Change in Control Transaction, and the remaining fifty
percent (50%) of all unvested Shares shall be fully vested upon the consummation
of the Change in Control Transaction if and only if, within twelve (12) months
of the consummation of such Change in Control Transaction, Purchaser's
employment or consultancy, as the case may be, with the Company (or the
Company's successor) is either terminated by the Company (or the Company's
successor) other than for Cause (as defined below) or terminated by the
Purchaser for Good Reason (as defined below).  For purposes of this Agreement,
"Cause" means fraud, misappropriation or embezzlement on the part of Purchaser
which results in material loss, damage or injury to the Company (or the
Company`s successor), the Purchaser's conviction of a felony involving moral
turpitude, or the Purchaser's gross neglect of duties.  For purposes of this
Agreement, "Good Reason" means (A) a material reduction in compensation, (B) a
relocation of the Purchaser's principal worksite to a location more than fifty
(50) miles from the Purchaser's pre-Change of Control Transaction worksite or
(C) a demotion or a material reduction in responsibilities or authority from
Purchaser's pre-Change of Control Transaction position.  For the purposes of
this Agreement, a "Change in Control Transaction" shall mean (i) the direct or
indirect sale of or exchange in a single series of related transactions by the
shareholders of the Company of more than fifty percent (50%) of the voting stock
of the Company, (ii) a merger or consolidation in which the Company is a party
or (iii) the sale, exchange or transfer of all or substantially all of the
assets of the Company, in each case wherein the shareholders of the Company
immediately before such transaction or single series of related transactions do
not retain immediately after such transaction or single series of related
transactions, in substantially the same proportions as their ownership of shares
of the Company's voting stock immediately before such transaction or single
series of related transactions, direct or indirect beneficial ownership of more
than fifty percent (50%) of the total combined voting power of the outstanding
voting stock of the

                                      -2-
<PAGE>

Company or the corporation or corporations to which the assets of the Company
were transferred, as the case may be.

          (b) Right of First Refusal. Before any Shares held by Purchaser or any
              ----------------------
transferee of Purchaser (either being sometimes referred to herein as the
"Holder") may be sold or otherwise transferred (including transfer by gift or
-------
operation of law), the Company or its assignee(s) shall have a right of first
refusal to purchase the Shares on the terms and conditions set forth in this
Section 3(b) (the "Right of First Refusal").
                   ----------------------

     (i)  Notice of Proposed Transfer.  The Holder of the Shares shall deliver
          ---------------------------
to the Company a written notice (the "Notice") stating:  (A) the Holder's bona
                                      ------
fide intention to sell or otherwise transfer such Shares, (B) the name of each
proposed purchaser or other transferee ("Proposed Transferee"), (C) the number
                                         -------------------
of Shares to be transferred to each Proposed Transferee and (D) the terms and
conditions of each proposed sale or transfer.  The Holder shall offer the Shares
at the same price (the "Offered Price") and upon the same terms (or terms as
                        -------------
similar as reasonably possible) to the Company or its assignee(s).

     (ii) Exercise of Right of First Refusal.  At any time within thirty (30)
          ----------------------------------
days after receipt of the Notice, the Company and/or its assignee(s) may, by
giving written notice to the Holder, elect to purchase all, but not less than
all, of the Shares proposed to be transferred to any one or more of the Proposed
Transferees, at the purchase price determined in accordance with subsection
(iii) below.

     (iii)  Purchase Price.  The purchase price ("ROFR Purchase Price") for the
            --------------                        -------------------
Shares purchased by the Company or its assignee(s) under this Section 3(b) shall
be the Offered Price.  If the Offered Price includes consideration other than
cash, the cash equivalent value of the non-cash consideration shall be
determined by the Company's board of directors in good faith.  In the event the
transfer occurs by gift or operation of law, the Offered Price shall be equal to
the fair market value as determined by the Company's board of directors of the
Company in its reasonable judgment.

     (iv) Payment.  Payment of the ROFR Purchase Price shall be made, at the
          -------
option of the Company or its assignee(s), in cash (by check), by cancellation of
all or a portion of any outstanding indebtedness of the Holder to the Company
(or, in the case of repurchase by an assignee, to the assignee), or by any
combination thereof within thirty (30) days after receipt of the Notice or in
the manner and at the times set forth in the Notice.

     (v) Holder's Right to Transfer.  If all of the Shares proposed in the
         --------------------------
Notice to be transferred to a given Proposed Transferee are not purchased by the
Company and/or its assignee(s) as provided in this Section 3(b), then the Holder
may sell or otherwise transfer such Shares to that Proposed Transferee at the
Offered Price or at a higher price; provided, however, that such sale or other
transfer is consummated within sixty (60) days after the date of the Notice; and
provided further, however that any such sale or other transfer is effected in
accordance with any applicable securities laws and the Proposed Transferee
agrees in writing that the provisions of this Section 3 shall continue to apply
to the Shares in the hands of such Proposed Transferee.  If the Shares described
in the Notice are not transferred to the Proposed

                                      -3-
<PAGE>

Transferee within such period, or if the Holder proposes to change the price or
other terms to make them more favorable to the Proposed Transferee, a new Notice
shall be given to the Company, and the Company and/or its assignees shall again
be offered the Right of First Refusal before any Shares held by the Holder may
be sold or otherwise transferred.

     (vi) Exception for Certain Family Transfers.  Anything to the contrary
          --------------------------------------
contained in this Section 3(b) notwithstanding, the transfer of any or all of
the Shares during Purchaser's lifetime or on Purchaser's death by will or
intestacy to Purchaser's Immediate Family or a trust for the benefit of
Purchaser's Immediate Family shall be exempt from the provisions of this Section
3(b).  "Immediate Family" as used herein shall mean spouse, lineal descendant or
        ----------------
antecedent, father, mother, brother or sister.  In such case, the transferee or
other recipient shall receive and hold the Shares so transferred subject to the
provisions of this Section, and there shall be no further transfer of such
Shares except in accordance with the terms of this Section 3.

          (c)  Involuntary Transfer.
               --------------------

     (i) Company's Right to Purchase upon Involuntary Transfer.  In the event,
         -----------------------------------------------------
at any time after the date of this Agreement, of any transfer by operation of
law or other involuntary transfer (including death or divorce, but excluding in
the event of death a transfer to Immediate Family as set forth in Section
3(b)(vi) above) of all or a portion of the Shares by the record holder thereof,
the Company shall have an option to purchase all of the Shares transferred at
the greater of the purchase price paid by Purchaser pursuant to this Agreement
or the fair market value of the Shares on the date of transfer.  Upon such a
transfer, the person acquiring the Shares shall promptly notify the Secretary of
the Company of such transfer.  The right to purchase such Shares shall be
provided to the Company for a period of thirty (30) days following receipt by
the Company of written notice by the person acquiring the Shares.

     (ii) Price for Involuntary Transfer.  With respect to any stock to be
          ------------------------------
transferred pursuant to Section 3(c)(i), the price per Share shall be a price
set by the Company's board of directors that will reflect the current value of
the stock in terms of present earnings and future prospects of the Company.  The
Company shall notify Purchaser or his or her executor of the price so determined
within thirty (30) days after receipt by it of written notice of the transfer or
proposed transfer of Shares.  However, if the Purchaser does not agree with the
valuation as determined by the Company's board of directors, the Purchaser shall
be entitled to have the valuation determined by an independent appraiser to be
mutually agreed upon by the Company and the Purchaser and whose fees shall be
borne equally by the Company and the Purchaser.

          (d) Assignment. The right of the Company to purchase any part of the
              ----------
Shares may be assigned in whole or in part to any shareholder or shareholders of
the Company or other persons or organizations; provided, however, that an
assignee, other than a corporation that is the parent or a one hundred percent
(100%) owned subsidiary of the Company, must pay the Company, upon assignment of
such right, cash equal to the difference between the original purchase price and
fair market value, if the original purchase price is less than the fair market
value of the Shares subject to the assignment.

                                      -4-
<PAGE>

          (e) Restrictions Binding on Transferees.  All transferees of Shares or
              -----------------------------------
any interest therein will receive and hold such Shares or interest subject to
the provisions of this Agreement, including, insofar as applicable, the
Repurchase Option.  Any sale or transfer of the Company's Shares shall be void
unless the provisions of this Agreement are met.

          (f) Termination of Rights.  The Right of First Refusal and the option
              ---------------------
to repurchase the Shares in the event of an involuntary transfer granted the
Company by Section 3(c) above shall terminate upon the first sale of Common
Stock of the Company to the general public pursuant to a registration statement
filed with and declared effective by the Securities and Exchange Commission
under the Securities Act of 1933, as amended (the "Securities Act").  Upon
                                                   --------------
termination of the Right of First Refusal and the expiration or exercise of the
Repurchase Option, a new certificate or certificates representing the Shares not
repurchased shall be issued, on request, without the legend referred to in
Section 6(a)(ii) below and delivered to Purchaser.

     4.  Escrow of Unvested Shares.  For purposes of facilitating the
         -------------------------
enforcement of the provisions of Section 3 above, Purchaser agrees, immediately
upon receipt of the certificate(s) for the Shares subject to the Repurchase
Option, to deliver such certificate(s), together with an Assignment Separate
from Certificate in the form attached to this Agreement as Exhibit A executed by
                                                           ---------
Purchaser and by Purchaser's spouse (if required for transfer), in blank, to the
Secretary of the Company, or the Secretary's designee, to hold such
certificate(s) and Assignment Separate from Certificate in escrow and to take
all such actions and to effectuate all such transfers and/or releases as are in
accordance with the terms of this Agreement.  Purchaser hereby acknowledges that
the Secretary of the Company, or the Secretary's designee, is so appointed as
the escrow holder with the foregoing authorities as a material inducement to
make this Agreement and that said appointment is coupled with an interest and is
accordingly irrevocable.  Purchaser agrees that said escrow holder shall not be
liable when acting in good faith to any party hereof (or to any other party).
The escrow holder may rely upon any letter, notice or other document executed by
any signature purported to be genuine and may resign at any time.  Purchaser
agrees that if the Secretary of the Company, or the Secretary's designee,
resigns as escrow holder for any or no reason, the Company's board of directors
shall have the power to appoint a successor to serve as escrow holder pursuant
to the terms of this Agreement.

     5.  Investment and Taxation Representations.  In connection with the
         ---------------------------------------
purchase of the Shares, Purchaser represents to the Company the following:

          (a) Purchaser is aware of the Company's business affairs and financial
condition and has acquired sufficient information about the Company to reach an
informed and knowledgeable decision to acquire the Shares.  Purchaser is
purchasing the Shares for investment for his or her own account only and not
with a view to, or for resale in connection with, any "distribution" thereof
within the meaning of the Securities Act.

          (b) Purchaser understands that the Shares have not been registered
under the Securities Act by reason of a specific exemption therefrom, which
exemption depends upon, among other things, the bona fide nature of Purchaser's
investment intent as expressed herein.

                                      -5-
<PAGE>

          (c) Purchaser further acknowledges and understands that the Shares
must be held indefinitely unless they are subsequently registered under the
Securities Act or an exemption from such registration is available.  Purchaser
further acknowledges and understands that the Company is under no obligation to
register the Shares.  Purchaser understands that the certificate evidencing the
Shares will be imprinted with a legend which prohibits the transfer of the
Shares unless they are registered or such registration is not required in the
opinion of counsel for the Company.

          (d) Purchaser is familiar with the provisions of Rules 144 and 701,
each promulgated under the Securities Act, which, in substance, permit limited
public resale of "restricted securities" acquired, directly or indirectly, from
the issuer thereof (or from an affiliate of such issuer), in a non-public
offering subject to the satisfaction of certain conditions.  Rule 701 provides
that if the issuer qualifies under Rule 701 at the time of issuance of the
securities, such issuance will be exempt from registration under the Securities
Act.  In the event the Company becomes subject to the reporting requirements of
Section 13 or 15(d) of the Securities Exchange Act of 1934 (the "Exchange Act"),
                                                                 ------------
the securities exempt under Rule 701 may be resold by Purchaser ninety (90) days
thereafter, subject to the satisfaction of certain of the conditions specified
by Rule 144, including, among other things: (1) the sale being made through a
broker in an unsolicited "broker's transaction" or in transactions directly with
a market maker (as said term is defined under the Exchange Act); and (2) in the
case of an affiliate, the availability of certain public information about the
Company, and the amount of securities being sold during any three month period
not exceeding the limitations specified in Rule 144(e), if applicable.
Notwithstanding this Section 5(d), Purchaser acknowledges and agrees to the
restrictions set forth in Section 5(f) hereof.

     In the event that the Company does not qualify under Rule 701 at the time
of purchase, then the Shares may be resold by Purchaser in certain limited
circumstances subject to the provisions of Rule 144, which requires, among other
things:  (1) the availability of certain public information about the Company;
(2) the resale occurring not less than two years after the party has purchased,
and made full payment of (within the meaning of Rule 144), the securities to be
sold; and, in the case of an affiliate, or of a non-affiliate who has held the
securities less than three years, (3) the sale being made through a broker in an
unsolicited "broker's transaction" or in transactions directly with a market
maker (as such term is defined under the Exchange Act) and the amount of
securities being sold during any three month period not exceeding the specified
limitations stated therein, if applicable.

          (e) Purchaser further understands that at the time he or she wishes to
sell the Shares there may be no public market upon which to make such a sale,
and that, even if such a public market then exists, the Company may not be
satisfying the current public information requirements of Rule 144 or 701, and
that, in such event, Purchaser would be precluded from selling the Shares under
Rule 144 or 701 even if the two-year minimum holding period had been satisfied.

          (f) Purchaser further understands that in the event all of the
applicable requirements of Rule 144 or 701 are not satisfied, registration under
the Securities Act, compliance with Regulation A, or some other registration
exemption will be required, and that,

                                      -6-
<PAGE>

notwithstanding the fact that Rules 144 and 701 are not exclusive, the Staff of
the Securities and Exchange Commission has expressed its opinion that persons
proposing to sell private placement securities other than in a registered
offering and otherwise than pursuant to Rule 144 or 701 will have a substantial
burden of proof in establishing that an exemption from registration is available
for such offers or sales, and that such persons and their respective brokers who
participate in such transactions do so at their own risk.

          (g) Purchaser understands that Purchaser may suffer adverse tax
consequences as a result of Purchaser's purchase or disposition of the Shares.
Purchaser represents that Purchaser has consulted any tax consultants Purchaser
deems advisable in connection the purchase or disposition of the Shares and that
Purchaser is not relying on the Company for any tax advice.

     6.  Restrictive Legends and Stop-Transfer Orders.
         --------------------------------------------

     (a) Legends.  The certificate or certificates representing the Shares shall
         -------
bear the following legends (as well as any legends required by applicable state
and federal corporate and securities laws):

               (i)  THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
                    REGISTERED UNDER THE SECURITIES ACT OF 1933 OR UNDER THE
                    SECURITIES LAWS OF ANY PARTICULAR STATE, AND HAVE BEEN
                    ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN
                    CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF.  NO SUCH
                    SALE OR DISPOSITION MAY BE EFFECTED WITHOUT AN EFFECTIVE
                    REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF
                    COUNSEL FOR THE COMPANY THAT SUCH REGISTRATION IS NOT
                    REQUIRED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.

               (ii) THE SHARES REPRESENTED BY THIS CERTIFICATE MAY BE
                    TRANSFERRED ONLY IN ACCORDANCE WITH THE TERMS OF AN
                    AGREEMENT BETWEEN THE COMPANY AND THE SHAREHOLDER, A COPY OF
                    WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY.

              (iii) Any legend required to be placed thereon by the Secretary
                    of State of the State of Washington or other applicable
                    state securities laws.

          (b) Stop-Transfer Notices.  Purchaser agrees that, in order to ensure
              ---------------------
compliance with the restrictions referred to herein, the Company may issue
appropriate "stop

                                      -7-
<PAGE>

transfer" instructions to its transfer agent, if any, and that, if the Company
transfers its own securities, it may make appropriate notations to the same
effect in its own records.

          (c) Refusal to Transfer.  The Company shall not be required (i) to
              -------------------
transfer on its books any Shares that have been sold or otherwise transferred in
violation of any of the provisions of this Agreement or (ii) to treat as owner
of such Shares or to accord the right to vote or pay dividends to any purchaser
or other transferee to whom such Shares shall have been so transferred.

     7.  No Employment Rights.  Nothing in this Agreement shall affect in any
         --------------------
manner whatsoever the right or power of the Company, or a parent or subsidiary
of the Company, to terminate Purchaser's employment, for any reason, with or
without cause.

     8.  Section 83(b) Election. Purchaser understands that Section 83(a) of the
         ----------------------
Internal Revenue Code of 1986, as amended (the "Code"), taxes as ordinary income
                                                ----
the difference between the amount paid for the Shares and the fair market value
of the Shares as of the date any restrictions on the Shares lapse.  In this
context, "restriction" means the right of the Company to buy back the Shares
          -----------
pursuant to the Repurchase Option set forth in Section 3(a) of this Agreement.
Purchaser understands that Purchaser may elect to be taxed at the time the
Shares are purchased, rather than when and as the Repurchase Option expires, by
filing an election under Section 83(b) (an "83(b) Election") of the Code with
                                            --------------
the Internal Revenue Service within 30 days from the date of purchase.  Even if
the fair market value of the Shares at the time of the execution of this
Agreement equals the amount paid for the Shares, the election must be made to
avoid income under Section 83(a) in the future.  Purchaser understands that
failure to file such an election in a timely manner may result in adverse tax
consequences for Purchaser.  Purchaser further understands that an additional
copy of such election form should be filed with his or her federal income tax
return for the calendar year in which the date of this Agreement falls.
Purchaser acknowledges that the foregoing is only a summary of the effect of
United States federal income taxation with respect to purchase of the Shares
hereunder, and does not purport to be complete.  Purchaser further acknowledges
that the Company has directed Purchaser to seek independent advice regarding the
applicable provisions of the Code, the income tax laws of any municipality,
state or foreign country in which Purchaser may reside, and the tax consequences
of Purchaser's death.

          Purchaser agrees that he will execute and deliver to the Company with
this executed Agreement a copy of the Acknowledgment and Statement of Decision
Regarding Section 83(b) Election (the "Acknowledgment"), attached hereto as
                                       --------------
Exhibit B.  Purchaser further agrees that Purchaser will execute and submit with
---------
the Acknowledgment a copy of the 83(b) Election, attached hereto as Exhibit C,
                                                                    ---------
if Purchaser has indicated in the Acknowledgment his or her decision to make
such an election.

                                      -8-
<PAGE>

     9.  Market Standoff Agreement.  In connection with the initial public
         -------------------------
offering of the Company's securities and upon request of the Company or the
underwriters managing any underwritten offering of the Company's securities,
Purchaser agrees not to sell, make any short sale of, loan, grant any option for
the purchase of, or otherwise dispose of any Shares (other than those included
in the registration) without the prior written consent of the Company or such
underwriters, as the case may be, for such period of time (not to exceed one
hundred eighty (180) days) from the effective date of such registration as may
be requested by the Company or such managing underwriters and to execute an
agreement reflecting the foregoing as may be requested by the underwriters at
the time of the public offering.

     10.  Miscellaneous.
          -------------

          (a) Release of Claims.  Purchaser acknowledges and agrees that the
              -----------------
opportunity granted to Purchaser by the Company to purchase the Shares pursuant
to this Agreement constitutes good and adequate consideration for Purchaser's
release of the Company (including all subsidiaries of the Company) from any and
all claims, actions and suits, whether known or unknown, suspected or
unsuspected, that the Company (including all subsidiaries of the Company) or
Purchaser may possess arising from any omissions, acts or facts that have
occurred up until and including the date of this Agreement relating to or
arising from Purchaser's right to receive or purchase (i) shares of capital
stock of the Company or M-Depot Internet Superstore Inc., a corporation
organized under the laws of British Columbia ("M-Depot"), and/or (ii) securities
convertible into shares of capital stock of the Company or M-Depot including,
but not limited to as set forth in any offer letter made by the Company in favor
of Purchaser.  The Company and the Purchaser hereby acknowledge and agree that
the release set forth in this Section 10(a) shall be and remain in effect in all
respects as a complete and general release as to the matters set forth in this
Section 10(a).  The complete and general release set forth in this Section 10(a)
does not extend to any obligations incurred under this Agreement.

          (b) Governing Law.  This Agreement and all acts and transactions
              -------------
pursuant hereto and the rights and obligations of the parties hereto shall be
governed, construed and interpreted in accordance with the laws of the State of
Washington, without giving effect to principles of conflicts of law.

          (c) Entire Agreement; Enforcement of Rights.  This Agreement sets
              ---------------------------------------
forth the entire agreement and understanding of the parties relating to the
subject matter herein and merges all prior discussions between them.  No
modification of or amendment to this Agreement, nor any waiver of any rights
under this Agreement, shall be effective unless in writing signed by the parties
to this Agreement.  The failure by either party to enforce any rights under this
Agreement shall not be construed as a waiver of any rights of such party.

          (d) Severability.  If one or more provisions of this Agreement are
              ------------
held to be unenforceable under applicable law, the parties agree to renegotiate
such provision in good faith.  In the event that the parties cannot reach a
mutually agreeable and enforceable replacement for such provision, then (i) such
provision shall be excluded from this Agreement, (ii) the balance of the
Agreement shall be interpreted as if such provision were so excluded and (iii)
the balance of the Agreement shall be enforceable in accordance with its terms.

                                      -9-
<PAGE>

          (e) Construction.  This Agreement is the result of negotiations
              ------------
between and has been reviewed by each of the parties hereto and their respective
counsel, if any; accordingly, this Agreement shall be deemed to be the product
of all of the parties hereto, and no ambiguity shall be construed in favor of or
against any one of the parties hereto.

          (f) Notices.  Any notice required or permitted by this Agreement shall
              -------
be in writing and shall be deemed sufficient when delivered personally or sent
by telegram or fax or forty-eight (48) hours after being deposited in the U.S.
mail, as certified or registered mail, with postage prepaid, and addressed to
the party to be notified at such party's address as set forth below or as
subsequently modified by written notice.

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

          (h) Successors and Assigns.  The rights and benefits of this Agreement
              ----------------------
shall inure to the benefit of, and be enforceable by the Company's successors
and assigns.  The rights and obligations of Purchaser under this Agreement may
only be assigned with the prior written consent of the Company.

                            [Signature Page Follows]

                                      -10-
<PAGE>

     The parties have executed this Agreement as of the date first set forth
above.

                              ONVIA.COM, INC.,
                              a Washington corporation

                              By:  /s/ Glenn Ballman
                                   -----------------
                                    Glenn Ballman
                                    President

                              Address:  1000 Dexter Avenue, Suite 400
                                        Seattle, WA  98104

     PURCHASER ACKNOWLEDGES AND AGREES THAT THE VESTING OF SHARES PURSUANT TO
SECTION 3 HEREOF IS EARNED ONLY BY CONTINUING SERVICE AS AN EMPLOYEE OR
CONSULTANT AT THE WILL OF THE COMPANY.  PURCHASER FURTHER ACKNOWLEDGES AND
AGREES THAT NOTHING IN THIS AGREEMENT SHALL CONFER UPON PURCHASER ANY RIGHT WITH
RESPECT TO CONTINUATION OF SUCH EMPLOYMENT OR CONSULTING RELATIONSHIP WITH THE
COMPANY, NOR SHALL IT INTERFERE IN ANY WAY WITH PURCHASER'S RIGHT OR THE
COMPANY'S RIGHT TO TERMINATE PURCHASER'S EMPLOYMENT OR CONSULTING RELATIONSHIP
AT ANY TIME, WITH OR WITHOUT CAUSE.

                              PURCHASER:

                              /s/ Jeffrey Ballowe
                              -------------------
                              Jeffrey Ballowe

                              Address:
                                      -------------------

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

Vesting Commencement
Date:  December 8, 1999

I, ________________________________, spouse of Jeffrey Ballowe, have read and
hereby approve the foregoing Agreement.  In consideration of the Company's
granting my spouse the right to purchase the Shares as set forth in the
Agreement, I hereby agree to be irrevocably bound by the Agreement and further
agree that any community property or similar interest that I may have in the
Shares shall be similarly bound by the Agreement.  I hereby appoint my spouse as
my attorney-in-fact with respect to any amendment or exercise of any rights
under the Agreement.

                                       --------------------------
                                       Spouse of Jeffrey Ballowe
<PAGE>

                                   EXHIBIT A
                                   ---------

                      ASSIGNMENT SEPARATE FROM CERTIFICATE
                      ------------------------------------

     FOR VALUE RECEIVED and pursuant to that certain Common Stock Purchase
Agreement between the undersigned ("Purchaser") and Onvia.com, Inc., a
                                    ---------
Washington corporation (the "Company"), dated December 8, 1999 (the
                             -------
"Agreement"), Purchaser hereby sells, assigns and transfers unto the Company
 ---------
_________________________________ (________) shares of the Common Stock of the
Company standing in Purchaser's name on the Company's books and represented by
Certificate No. COM-___, and does hereby irrevocably constitute and appoint
_____________________________ to transfer said stock on the books of the Company
with full power of substitution in the premises.  THIS ASSIGNMENT MAY ONLY BE
USED AS AUTHORIZED BY THE AGREEMENT AND THE EXHIBITS THERETO.

Dated: ______________________

                              Signature:

                              /s/ Jeffrey Ballowe
                              -------------------
                              Jeffrey Ballowe

                              ______________________________
                              Spouse of Jeffrey Ballowe (if applicable)

Instruction:  Please do not fill in any blanks other than the signature line.
The purpose of this assignment is to enable the Company to exercise its
repurchase option set forth in the Agreement without requiring additional
signatures on the part of Purchaser.10018839.01
<PAGE>

                                   EXHIBIT B
                                   ---------

                   ACKNOWLEDGMENT AND STATEMENT OF DECISION
                    -----------------------------------------
                        REGARDING SECTION 83(b) ELECTION
                        --------------------------------

          The undersigned has entered a stock purchase agreement with Onvia.com,
Inc., a Washington corporation (the "Company"), pursuant to which the
                                     -------
undersigned is purchasing 60,000 shares of Common Stock of the Company (the
"Shares").  In connection with the purchase of the Shares, the undersigned
-------
hereby represents as follows:

          1.  The undersigned has carefully reviewed the stock purchase
agreement pursuant to which the undersigned is purchasing the Shares.

          2.  The undersigned either [check and complete as applicable]:

          (a) ___  has consulted, and has been fully advised by, the
                   undersigned's own tax advisor, __________________________,
                   whose business address is _____________________________,
                   regarding the federal, state and local tax consequences of
                   purchasing the Shares, and particularly regarding the
                   advisability of making elections pursuant to Section 83(b) of
                   the Internal Revenue Code of 1986, as amended (the "Code")
                                                                       ----
                   and pursuant to the corresponding provisions, if any, of
                   applicable state law; or

          (b) ___  has knowingly chosen not to consult such a tax advisor.

          3.  The undersigned hereby states that the undersigned has decided
[check as applicable]:

          (a) ___  to make an election pursuant to Section 83(b) of the Code,
                   and is submitting to the Company, together with the
                   undersigned's executed Common Stock Purchase Agreement, an
                   executed form entitled "Election Under Section 83(b) of the
                   Internal Revenue Code of 1986;" or

          (b) ___  not to make an election pursuant to Section 83(b) of the
                   Code.

<PAGE>

          4.  Neither the Company nor any subsidiary or representative of the
Company has made any warranty or representation to the undersigned with respect
to the tax consequences of the undersigned's purchase of the Shares or of the
making or failure to make an election pursuant to Section 83(b) of the Code or
the corresponding provisions, if any, of applicable state law.

Date:                                /s/ Jeffrey Ballowe
     --------------                   -------------------
                                     Jeffrey Ballowe

Date:
     ---------------------           -----------------------
                                     Spouse of Jeffrey Ballowe (if applicable)
<PAGE>

                                   EXHIBIT C
                                   ---------
                          ELECTION UNDER SECTION 83(b)
                          ----------------------------
                      OF THE INTERNAL REVENUE CODE OF 1986
                      ------------------------------------

     The undersigned taxpayer hereby elects, pursuant to Section 83(b) of the
Internal Revenue Code, to include in taxpayer's gross income for the current
taxable year, the amount of any compensation taxable to taxpayer in connection
with taxpayer's receipt of the property described below:

1.   The name, address, taxpayer identification number and taxable year of the
     undersigned are as follows:

     NAME OF TAXPAYER:  Jeffrey Ballowe

     SPOUSE OF TAXPAYER:
                        ------------------------
     ADDRESS:
             ----------------------------------

             ----------------------------------
     IDENTIFICATION NO. OF TAXPAYER:  _______________

     IDENTIFICATION NO. OF SPOUSE:  _______________

     TAXABLE YEAR:  1999

2.   The property with respect to which the election is made is described as
     follows:

     60,000 shares of the Common Stock (the "Shares") of Onvia.com, Inc., a
     Washington corporation (the "Company").

3.   The date on which the property was transferred is:  December 8, 1999

4.   The property is subject to the following restrictions:

     Repurchase option at cost in favor of the Company upon termination of
     taxpayer's employment or consulting relationship.

5.   The fair market value at the time of transfer, determined without regard to
     any restriction other than a restriction which by its terms will never
     lapse, of such property is: $150,000.00.

6.   The amount (if any) paid for such property:  $150,000.00.

The undersigned has submitted a copy of this statement to the person for whom
the services were performed in connection with the undersigned's receipt of the
above-described property.  The transferee of such property is the person
performing the services in connection with the transfer of said property.

The undersigned understands that the foregoing election may not be revoked
--------------------------------------------------------------------------
except with the consent of the Commissioner.
-------------------------------------------

Dated:                                   /s/ Jeffrey Ballowe
      ------------------                 -------------------
                                         Jeffrey Ballowe

Dated:
      -----------------                  ------------------------
                                         Spouse of Jeffrey Ballowe
<PAGE>

                                    RECEIPT
                                    -------

          Onvia.com, Inc., a Washington corporation (the "Company"), hereby
acknowledges receipt of cash, check or services rendered in the amount of
$150,000.00 given by Jeffrey Ballowe as consideration for Certificate No. COM-
___ for 60,000 shares of Common Stock of the Company.

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

                              Onvia.com, Inc.

                              By: /s/ Glenn Ballman
                                 ------------------

                              Name:
                                   -------------------------
                              Title:
                                    ------------------------
<PAGE>

                              RECEIPT AND CONSENT
                              -------------------

     The undersigned hereby acknowledges receipt of a photocopy of Certificate
No. COM-___ for 60,000 shares of Common Stock of Onvia.com, Inc., a Washington
corporation (the "Company").
                  -------

     The undersigned further acknowledges that the Secretary of the Company, or
his or her designee, is acting as escrow holder pursuant to the Common Stock
Purchase Agreement Purchaser has previously entered into with the Company.  As
escrow holder, the Secretary of the Company, or his or her designee, holds the
original of the aforementioned certificate issued in the undersigned's name.

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

                                          /s/ Jeffrey Ballowe
                                          -----------------------
                                          Jeffrey Ballowe

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