Document:

AMENDED AND RESTATED

                              SHAREHOLDER AGREEMENT

         THIS AMENDED AND RESTATED  SHAREHOLDER  AGREEMENT (the  "Agreement") is
entered into this 25th day of August,  1999, by and among Catalog.com,  Inc., an
Oklahoma  corporation  (the  "Company"),   and  (i)  the  holders  of  Series  B
Convertible  Preferred Stock,  $.01 par value ("Series B Preferred Stock") named
in  Schedule  I; and (ii) the  holders of Common  Stock (as  hereafter  defined)
listed  on  Schedule  I.  This  Agreement   amends  and  restates  that  certain
Shareholder Agreement dated February 29, 1996, and as amended on April 2, 1999.

                              W I T N E S S E T H:

         WHEREAS,  the  Company has issued  shares of Series B  Preferred  Stock
pursuant  to the terms of that  certain  Series B  Convertible  Preferred  Stock
Purchase  Agreement  (the  "Series  B Stock  Purchase  Agreement")  of even date
herewith,  and the effectiveness of this Agreement is a condition to the closing
of the transactions contemplated by the Series B Stock Purchase Agreement;

         NOW,  THEREFORE,  for and in consideration of the premises,  the mutual
covenants  and  agreements   contained  herein,  and  other  good  and  valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto hereby agree as follows:

         1.       Certain  Definitions.  As used herein,  the following  terms
 shall have the  respective  meanings indicated:

          (a) "Common Stock" means the Company's common stock, $.01 par value.

          (b) "Common  Shareholders" means the holders of Common Stock listed on
     Schedule I.
                                   ----------

                  (c) "Disposition" means any sale, transfer, encumbrance, gift,
donation,  assignment,  pledge,  hypothecation or other  disposition by a Common
Shareholder,  whether  voluntary or involuntary,  during a Common  Shareholder's
lifetime.

          (d)  "Disposition  Notice"  shall have the meaning  given such term in
     Section 2 of this Agreement.

          (e) "Offered Shares" shall have the meaning given such term in Section
     2 of this Agreement.

          (f) "Preferred  Shareholder"  means a holder of Preferred Stock listed
     on Schedule I. ----------

          (g) "Preferred  Stock" means shares of Series B Convertible  Preferred
     Stock, $.01 par value.

          (h) "Pro Rata Part" means, in any particular instance,  the proportion
     which the number of shares of Underlying  Common Stock owned by a Preferred
     Shareholder  bears to the aggregate  number of shares of Underlying  Common
     Stock owned by all Preferred Shareholders.

          (i)  "Public  Offering"  shall  have the  meaning  given  such term in
     Section 6 of this Agreement.

          (j) "Remaining  Offered Shares" shall have the meaning given such term
     in Section 2 of this
Agreement.

<PAGE>

                                        9

                  (k)  "Shares"  means (i) any  shares of  Common  Stock  owned,
either beneficially or of record, by any Common Shareholder;  (ii) any shares of
Common Stock issuable upon the exercise of stock options granted or which may be
granted in the future to a Common  Shareholder under the Catalog.com,  Inc. 1997
Stock Option Plan,  the  Catalog.com,  Inc. 1999 Stock Option Plan, or any other
stock option or stock  purchase  plan of the Company which may be adopted in the
future,  or (iii) any shares of Common Stock which may be acquired in the future
by a Common Shareholder.

                  (l) "Shareholder"  means each Common Shareholder and Preferred
Shareholder  who has executed this Agreement or a counterpart of this Agreement,
whether such counterpart is executed on the date hereof or some earlier or later
date.

          (m) "Stock" means all shares of Common Stock and Preferred Stock.

          (n) "Third Party" means any person or entity not a Common  Shareholder
     at the time of determination.

          (o)  "Transferee"  shall have the meaning given such term in Section 2
     of this Agreement.

          (p) "Underlying  Common Stock" means (i) shares of Common Stock now or
     in the future  issuable or issued upon  conversion of the Preferred  Stock;
     and (ii) all shares of Common Stock now or in the future issued or issuable
     in respect of such Common Stock and the Common Stock  referred to in clause
     (i) by reason of stock  splits,  stock  dividends,  combinations,  mergers,
     exchanges or other reclassifications or recapitalizations.

         2.       Right of First Offer by Common Shareholders.

                  (a)  Each  time a  Common  Shareholder  proposes  to make  any
Disposition of all or any portion of his Shares,  such Common  Shareholder  (the
"Selling  Common  Shareholder")  shall so inform  the  Company  by  notice  (the
"Disposition  Notice") stating the number of Shares that are the subject of such
proposed Disposition (the "Offered Shares"),  and the other terms and conditions
of  such  proposed  Disposition,  including  the  consideration  proposed  to be
received for the Offered  Shares  (and,  if the  proposed  Disposition  is to be
wholly or partly for  consideration  other than money,  the  Disposition  Notice
shall  state the  proposed  price as being  equal to the amount of the  monetary
consideration,  if any, plus the fair market value of the other  consideration).
By giving the Disposition Notice, the Selling Common Shareholder shall be deemed
to have granted to the Company a first option to purchase the Offered Shares for
the price and upon the terms set forth hereafter and in the Disposition Notice.

                  (b)  Within  ten (10) days  after the date of any  Disposition
Notice, the Company shall notify the Selling Common Shareholder of the number of
Offered Shares, if any, that the Company elects to purchase.

                  (c) If the Company  notifies  the Selling  Common  Shareholder
that it will  exercise  such  option  for none or less  than all of the  Offered
Shares, it shall simultaneously  notify the Preferred  Shareholders of such fact
and  shall  deliver  a  copy  of  the   Disposition   Notice  to  the  Preferred
Shareholders.  The  Preferred  Shareholders  shall  thereupon  have an option to
purchase  all (but not less than all) of the  Offered  Shares  which the Company
does not elect to purchase (the "Remaining  Offered Shares").  If such option is
exercised by all of the Preferred Shareholders,  each of them shall purchase his
or its Pro Rata Part of the Remaining Offered Shares; however, if one or more of
the Preferred Shareholders elect to purchase none or less than all of his or its
Pro Rata Part of the Remaining Offered Shares or fail to give notice with regard
thereto, the Preferred Shareholders electing to purchase at least their Pro Rata
Part shall also be required to make up the  difference  and purchase,  pro rata,
all Remaining Offered Shares which otherwise would not be purchased.

<PAGE>

                  (d) Within  thirty (30) days after the date of  receiving  any
Disposition  Notice  pursuant  to Section  2(a)  hereof,  each of the  Preferred
Shareholders  shall give  notice to the  Selling  Common  Shareholder  as to the
number or  proportion of the Remaining  Offered  Shares (if any) such  Preferred
Shareholder is willing to purchase. Failure by any Preferred Shareholder to give
such notice shall be deemed an election by him or it not to purchase. Unless one
or more of the Preferred  Shareholders  elect in such notices to purchase all of
the Remaining  Offered  Shares,  the Selling  Common  Shareholder  shall be free
(subject  to the  provisions  of Section 2 hereof),  for a period of ninety (90)
days from the date of such failure to elect to purchase,  to make a  Disposition
of the  Offered  Shares  to a  Third  Party  (the  "Transferee")  on  terms  and
conditions  no more  favorable  to the  Transferee  than  those set forth in the
Disposition Notice,  provided that each Transferee shall, prior to a Disposition
to such  Transferee,  execute  and  deliver to the  Company a valid and  binding
agreement  to the effect  that any Shares so  disposed  of shall  continue to be
subject to all of the provisions of this  Agreement.  Any Shares not so disposed
of within the period  provided  herein  shall also remain  subject to all of the
provisions of this Agreement.

                  (e)  Shares   purchased  by  the  Company   and/or   Preferred
Shareholders  pursuant  to  this  Section  2 shall  be  purchased  for the  same
consideration  and upon the same  terms and  conditions  as are set forth in the
Disposition  Notice.  (If  the  Disposition  Notice  refers  to  a  non-monetary
consideration in whole or in part, the purchaser or purchasers shall pay in cash
the fair market value of the non-monetary  consideration.)  Any Shares purchased
by a  Preferred  Shareholder  pursuant  to this  Section  2 shall no  longer  be
considered Shares or subject to this Section 2 or Section 3.

                  (f) The closing of a purchase by the Company and/or  Preferred
Shareholders shall take place on the nearest business day preceding the 45th day
after the date of the Disposition Notice to the Company. Such closing shall take
place at 10:00 a.m.  (Central Time) in the Company office, or at such other date
and at such other time and place  that may be agreed to by the  parties  who are
purchasing and selling the Offered Shares. At the closing the parties shall take
all action  necessary to transfer  the Offered  Shares in  accordance  with this
Agreement.

         3.       Right of Co-Sale.

                  (a) No Common  Shareholder  may make a  Disposition  of Shares
pursuant to a Disposition Notice unless such Common Shareholder provides (either
by  a  purchase  by  such  Common  Shareholder  or  by  the  Transferee)  for  a
simultaneous sale of Underlying Common Stock by each Preferred Shareholder of up
to its Pro Rata Part of the number of shares of Common  Stock which such Selling
Common Shareholder  proposes to sell to such Transferee,  for the same price and
on the same terms and conditions which appear in the Disposition Notice.

                  (b) Within thirty (30) days after  receipt of any  Disposition
Notice,  each Preferred  Shareholder shall notify the Selling Common Shareholder
of its intention to sell all or part of his or its  Underlying  Common Stock for
the price and on the terms and conditions set forth in the  Disposition  Notice.
If a  Preferred  Shareholder  does not  elect  to sell its Pro Rata  Part of its
Underlying  Common Stock pursuant to this Section 3(b), then such Offered Shares
may be  disposed  of by such a Selling  Common  Shareholder  to the  prospective
Transferee named in the Disposition Notice (subject to the provisions of Section
2  hereof),  for the  price and on the  terms  and  conditions  set forth in the
Disposition  Notice,  at any time within  ninety (90) days after each  Preferred
Shareholder  receives the  Disposition  Notice,  provided  that each  Transferee
shall,  prior to a Disposition  to such  Transferee,  execute and deliver to the
Company a valid and binding  agreement to the effect that any Shares so disposed
of shall continue to be subject to all of the provisions of this Agreement.  Any
Shares not so disposed of within the period  provided  herein  shall also remain
subject to all of the provisions of this Agreement.

                  (c) Notwithstanding any other provision hereof, each Preferred
Shareholder  may,  at its sole  option,  elect to  exercise  either  its  rights
pursuant  to  Section 2 hereof or its right of  co-sale  pursuant  to  Section 3
hereof.

<PAGE>

         4. After-Acquired Shares. Whenever a Common Shareholder shall hereafter
acquire any additional Shares,  such shares so acquired shall be held subject to
all the terms and conditions of this Agreement.

         5.  Failure to Comply.  If any  Disposition  is purported to be made or
suffered without the giving of notice required by this Agreement, such purported
Disposition shall be void, and the Shares which are the subject thereof shall be
deemed to have been offered to the Company and an option to purchase such shares
granted to the Company and to each holder of  Preferred  Stock  pursuant to this
Agreement as of the date the Company first learns of such purported Disposition,
and thereafter the  provisions of this  Agreement  shall be fully  applicable to
such shares as if such offer had actually been made or such options had actually
been granted.  Further,  if any Shares are the subject of a  Disposition  not in
accordance  with the terms and conditions of this  Agreement,  such  Disposition
shall be void ab initio.  In enforcing this provision,  the Company may hold and
refuse to transfer  any Shares or any  certificate  therefor  tendered to it for
transfer in addition to, and without  prejudice  to, any and all other rights or
remedies which may be available to it.

          6. Termination.  This Agreement shall automatically terminate upon the
     happening of any of the following events:

          (a) permanent cessation of the Company's business activities;

          (b) bankruptcy, receivership or dissolution of the Company;

          (c) the voluntary  agreement of each of: (i) the holders of a majority
     of the issued and  outstanding  shares of  Preferred  Stock and  Underlying
     Common  Stock;  (ii) the holders of a majority of the Shares held by Common
     Shareholders; and (iii) the Company; or

          (d) the  issuance by the  Company of its  securities  in a  registered
     public offering in which the aggregate  offering price to the public (prior
     to the  deduction of  underwriting  commissions  and  expenses) is at least
     Fifteen  Million  Dollars  ($15,000,000),  and which  results in the market
     equity  capitalization  of the Company being equal to or in excess of Fifty
     Million Dollars  ($50,000,000) and the listing of the Company's  securities
     on a national  securities  exchange or on The Nasdaq National Market System
     (a "Public Offering").

         7.       Exceptions.

          (a)  Notwithstanding  anything to the contrary set forth  herein,  the
     provisions of this Agreement shall not apply to any of the following:

          (i)  Transfers  by a Common  Shareholder  of his or its  Shares or any
     portion thereof by bequest or inheritance.

          (ii)  Transfers by a Common  Shareholder  to members of his  immediate
     family or in trust for the  benefit of such  persons.  For  purposes of the
     Agreement, a Common Shareholder's immediate family shall be defined as such
     person's spouse, children and grandchildren.

          (iii) Transfers by a Common Shareholder to the Company.

          (b) For  purposes  of this  Section 7, with  respect to any  transfers
     pursuant to (a)(i) or (a)(ii) above,  the  transferrees  thereof shall take
     such Shares as Common  Shareholder  and the  provisions  of Section 4 shall
     apply to such transfer.

<PAGE>

         8. Board of Directors.  The Shareholders  agree to vote their shares of
Stock such that the Board of  Directors  of the Company will consist of five (5)
members as follows: (i) three (3) persons elected by the holders of Common Stock
(the "Common Directors"), voting as a single class; (ii) two (2) persons elected
by the  holders of  Preferred  Stock,  voting as a single  class.  Any  vacancy,
however  created,  shall be filled by the person  elected by the class of voting
stock which elected the Director whose death, incapacity, resignation or removal
caused the vacancy.

<PAGE>

         9. Right of First Refusal by the Company.  The Company shall,  prior to
any issuance by the Company of any of its securities (other than debt securities
with no equity  feature),  offer to each holder of Series B Preferred Stock (the
"New Issuance  Offerees"),  by written notice the right,  for a period of thirty
(30) days, to purchase all of such securities for cash at an amount equal to the
price or  other  consideration  for  which  such  securities  are to be  issued;
provided,  however,  that the first refusal rights of the New Issuance  Offerees
pursuant  to this  Section  9 shall  not  apply to  securities  issued  (A) upon
conversion of any of the shares of Preferred  Stock  outstanding  on the date of
this  Agreement  or upon  conversion  of any of the shares of Series B Preferred
issued subsequently pursuant to the Series B Agreement,  (B) as a stock dividend
or upon any subdivision of shares of Common Stock,  provided that the securities
issued  pursuant to such stock dividend or subdivision are limited to additional
shares of Common  Stock,  (C)  pursuant  to  subscriptions,  warrants,  options,
convertible securities, or other rights which are listed in Schedule II as being
outstanding on the date of this Agreement,  (D) solely in consideration  for the
acquisition  (whether  by  merger or  otherwise)  by the  Company  or any of its
subsidiaries  of all or  substantially  all of the  stock or assets of any other
entity,  (E) pursuant to a firm commitment  underwritten  public  offering,  (F)
pursuant  to the  exercise  of  options  to  purchase  Common  Stock  granted to
directors,  officers, employees or consultants of the Company in connection with
their  service to the Company,  not to exceed in the  aggregate  270,000  shares
(appropriately  adjusted to reflect stock splits, stock dividends,  combinations
of shares  and the like with  respect to the  Common  Stock)  less the number of
shares (as so adjusted)  issued pursuant to  subscriptions,  warrants,  options,
convertible  securities,  or  other  rights  outstanding  on the  date  of  this
Agreement  and listed in  Schedule  II  pursuant to clause (C) above (the shares
exempted  by this  clause (F) being  hereinafter  referred  to as the  "Reserved
Employee Shares"),  (G) capital stock or warrants or options to purchase capital
stock, issued to financial institutions or lessors in connection with commercial
credit arrangements,  equipment financings or similar transactions, and (H) upon
the exercise of any right which was not itself in violation of the terms of this
Section 9. The  Company's  written  notice to the New  Issuance  Offerees  shall
describe  the  securities  proposed  to be issued by the Company and specify the
number,  price and  payment  terms.  Each New  Issuance  Offeree  may accept the
Company's offer as to the full number of securities  offered to it or any lesser
number,  by  written  notice  thereof  given by it to the  Company  prior to the
expiration of the aforesaid  thirty (30) day period,  in which event the Company
shall  promptly  sell and such New Issuance  Offeree  shall buy,  upon the terms
specified,  the number of securities agreed to be purchased by such New Issuance
Offeree.  Notwithstanding the foregoing,  if the New Issuance Offerees agree, in
the  aggregate,  to purchase more than the full number of securities  offered by
the Company,  then each New Issuance Offeree accepting the Company's offer shall
first be allocated  the lesser of: (i) the number of  securities  which such New
Issuance Offeree agreed to purchase; and (ii) that number of securities equal to
the full number of securities  offered by the Company  multiplied by a fraction,
the  numerator  of which  shall be the number of shares of Common  Stock held by
such New  Issuance  Offeree  as of the  date of the  Company's  notice  of offer
(treating such New Issuance Offeree, for the purpose of such calculation, as the
holder of the number of shares of Common  Stock  which would be issuable to such
New Issuance  Offeree upon  conversion,  exercise or exchange of all  securities
(including  but not limited to the  Preferred  Stock) held by such New  Issuance
Offeree on the date such offer is made,  that are  convertible,  exercisable  or
exchangeable  into or for  (whether  directly  or  indirectly)  shares of Common
Stock) and the  denominator of which shall be the aggregate  number of shares of
Common Stock  (calculated  as  aforesaid)  held on such date by all New Issuance
Offerees who accepted the Company's offer, and the balance of the securities (if
any) offered by the Company shall be allocated  among the New Issuance  Offerees
accepting the Company's offer in proportion to their relative  equity  ownership
interests  in the  Company  (calculated  as  aforesaid),  provided  that  no New
Issuance  Offeree shall be allocated  more than the number of  securities  which
such New Issuance  Offeree agreed to purchase and provided further that in cases
covered by this sentence all New Issuance Offerees shall be allocated among them
the full number of securities offered by the Company.  The Company shall be free
at any time  prior to ninety  (90) days after the date of its notice of offer to
the New Issuance  Offerees,  to offer and sell to any third party or parties the
number  of such  securities  not  agreed  by the  New  Issuance  Offerees  to be
purchased  by them,  at a price and on payment  terms no less  favorable  to the
Company  than  those  specified  in such  notice  of offer  to the New  Issuance
Offerees.  However, if such third party sale or sales are not consummated within
such ninety (90) day period, the Company shall not sell such securities as shall
not have been  purchased  within such period  without again  complying with this
Section 9.

         10. Compliance with Laws. Each Shareholder agrees that any certificates
representing  Shares may be legended to comply with federal and state securities
or other laws and to assure the enforceability of this Agreement,  by the giving
of notice of this Agreement or otherwise.

         11.   References.   All  references  to  "Sections"  and  "Subsections"
contained herein are, unless  specifically  indicated  otherwise,  references to
sections and subsections of this Agreement.  Whenever herein the singular number
is used, the same shall include the plural where  appropriate,  and words of any
gender shall include each other gender where appropriate.

          12. Captions.  The captions,  headings and  arrangements  used in this
     Agreement  are for  convenience  only and do not in any way affect,  limit,
     amplify or modify the terms and provisions hereof.

          13. Notices.  Whenever this Agreement requires or permits any consent,
     approval,  notice, request or demand must be in writing to be effective and
     shall be deemed to have been given when  actually  received by the party to
     whom notice is sent.

          14. Governing Law. The substantive laws of the State of Oklahoma shall
     govern the validity,  construction,  enforcement and interpretation of this
     Agreement.

         15.  Successors and Assigns.  This Agreement  shall be binding upon and
inure to the benefit of the  Shareholders  and the Company and their  successors
and  assigns,  including,  but not limited to, any  Transferee  hereunder.  This
Agreement  shall be binding  upon and inure to the  benefit  of each  individual
signatory hereto and his or her respective heirs,  personal  representatives and
assigns,  and any  receiver,  trustee in  bankruptcy  or  representative  of the
creditors of each such person.  Should a Common Shareholder ever cease to be the
owner of Shares, he, she or it shall  automatically  cease to be a party to this
Agreement  and shall  have no rights  hereunder  unless  and until he, she or it
again becomes an owner of Shares.

         16. Invalid  Provisions.  If any provision of this Agreement is held to
be illegal,  invalid or  unenforceable  under  present or future laws  effective
during the term of this Agreement, such provision shall be fully severable; this
Agreement  shall be  construed  and  enforced  as if such  illegal,  invalid  or
unenforceable  provision had never comprised a part of this  Agreement;  and the
remaining provisions of this Agreement shall remain in full force and effect and
shall not be affected by the illegal,  invalid or unenforceable  provision or by
its severance from this  Agreement.  Furthermore,  in lieu of each such illegal,
invalid or unenforceable  provision there shall be added automatically as a part
of this  Agreement a provision as similar in terms to such  illegal,  invalid or
unenforceable provision as may be possible and be legal, valid and enforceable.

         17. Amendments. This Agreement may be amended at any time and from time
to time,  in whole or in part,  or may be terminated by an instrument in writing
setting forth the particulars of such amendment or termination,  as the case may
be, duly executed by the Company, the holders of a majority of Underlying Common
Stock held by the  Preferred  Shareholders  and the holders of a majority of the
Shares who are Common Shareholders at the time of such amendment or termination.

<PAGE>

         18. Multiple  Counterparts.  This Agreement may be executed in a number
of  identical  counterparts,  each of which for all  purposes is to be deemed an
original, and all of which constitute collectively one Agreement;  but in making
proof of this  Agreement,  it shall not be  necessary  to produce or account for
more  than one such  counterpart.  It is not  necessary  that  each  Shareholder
execute the same counterpart,  so long as identical counterparts are executed by
the Company and each Shareholder.

         19. Enforcement. It is specifically agreed and understood that monetary
damages will not  adequately  compensate  the breach of this  Agreement and this
Agreement  shall  therefore  be  specifically  enforceable,  and any  breach  or
threatened  breach of this Agreement  shall be the proper subject of a temporary
or permanent  injunction or restraining  order.  Further,  each party hereto and
their successors,  heirs, representatives and assigns waive any claim or defense
that there is an adequate remedy at law for such breach or threatened breach.

         EXECUTED on the date indicated above and binding on each party from and
after the date such party executes this Agreement or a counterpart hereof.

THE COMPANY:                                CATALOG.COM, INC.

                                   By:
                                  Robert W. Crull, Chief Executive Officer

COMMON SHAREHOLDERS:

                                                     ROBERT W. CRULL

                                                     RODRIC M. PHILLIPS, JR.

                                 BILL C. MILLER

                                                     BANCFIRST INVESTMENT CORP.

                                                     By:
                                                     Kent T. Faison, President

<PAGE>

PREFERRED SHAREHOLDERS:             RICHMONT OPPORTUNITY FUND, L.P.

                       By:      Richmont Opportunity Management Partners, L.P.,
                                its General Partner

                       By:      Richmont Investment Management,L.L.C.,
                                its General Partner

                       By:________________________________
Title:____________________________
                        RICHMONT OPPORTUNITY PARTNERS, LTD.

          By:   Richmont   Opportunity    Management    Partners,    L.P.,   its
     Attorney-in-Fact

          By: Richmont Investment Management,L.L.C., its General Partner

          By:________________________________ Title:____________________________

                                                     GAYLAN D. YATES

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

                                   BRAD KURTZ

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

                                   DEAN KURTZ

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

                          RODRIC M. PHILLIPS, JR., M.D.

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

<PAGE>

                                RICHARD A. RUFFIN

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

                               WILLIAM J. PERKINS

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

                                  JAMES M. ODOR

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

                                 RANDEL W. GREEN

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

                                  WILLIAM BROWN

                 *______________________________________________

                               STEVEN KREGG JODIE

                 *______________________________________________

                           WILLIAM JOHN PHILIP ROCHON

                 *______________________________________________

                               WILLIAM H. RANDALL

                 *______________________________________________

<PAGE>

                                  ANTON WHILEY

                 *______________________________________________

                                  CALEB HAYHOE

                 *______________________________________________

                      RICHMONT TRADING ASIA-PACIFIC LIMITED

                By:______________________________________________

                               TIMOTHY H. MITCHELL

                 *______________________________________________

                                ALAN W. TOMPKINS

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

                               J. BRETT ROBERTSON

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

                       ---------------------------------
                    *By J. Brett Robertson, Attorney-in-Fact

<PAGE>

                                   SCHEDULE I

                 HOLDERS OF SERIES B CONVERTIBLE PREFERRED STOCK

                  Richmont Opportunity Fund, L.P.
                  Richmont Opportunity Partners, Ltd.
                  Gaylan D. Yates
                  Brad Kurtz
                  Dean Kurtz
                  Rodric M. Phillips, M.D.
                  Richard A. Ruffin
                  William J. Perkins
                  James M. Odor
                  Randel W. Green
                  William Brown
                  Steven Kregg Jodie
                  William John Philip Rochon
                  William H. Randall
                  Anton Whiley
                  Caleb Hayhoe
                  Richmont Trading Asia-Pacific Limited
                  Timothy H. Mitchell
                  Alan W. Tompkins
                  J. Brett Robertson

                               COMMON SHAREHOLDERS

                  Robert W. Crull
                  Bill C. Miller
                  Rodric M. Phillips, Jr.
                  BancFirst Investment Corp.

<PAGE>

                                   SCHEDULE II

              SECURITIES NOT SUBJECT TO THE RIGHT OF FIRST REFUSAL

1.       Warrants  issuable  to  Southwest  Securities,  Inc.,  pursuant to that
         certain  Letter  Agreement  dated February 24, 1999,  to purchase
         shares of Series B  Convertible  Preferred  Stock at a purchase  price
         of $9.00 per share.

2.       Warrants  issuable to Net Me Up, a sole  proprietorship of Patricia and
         Jeremy  Schofield,  to  purchase  2,500  shares of common  stock of the
         Company at a purchase price of $9.00 per share.

3.       Warrants issuable to Interactive  Applications  Group,  Inc., to
         purchase 10,000 shares of common stock of
         the Company, at a purchase price of $9.00 per share.

4.       Warrants  issuable to Pro Silver  Star,  Ltd.,  to purchase  11,111
         shares of common  stock at a purchase price of $9.00 per share.

5.       Warrants issuable to Richmont Opportunity  Management Partners,  L.P.,
         to purchase 11,111 shares of common stock at a purchase price of
         $9.00 per share.LOAN AGREEMENT

                THIS LOAN AGREEMENT ("Agreement") is made July 31
                                     -------
                                      199k between the Borrower
          and Lender identified in the attached Authorization issued by the U.S.
     Small  Business  Administration   ("SBA")to  Lender,  dated  July  15  1998
     ("Authorization")
                  -------

SBA has  authorized  a guaranty of a loan from Lender to Borrower for the amount
and under the terms stated in the attached Authorization (the "Loan").

In  consideration  of the  promises  in this  Agreement  and for other  good and
valuable consideration, Borrower and Lender agree as follows:

1.       Subject  to the terms and  conditions  of the  Authorization  and SBA's
         Participating  Lender  Rules  as  defined  in the  Guarantee  Agreement
         between Lender and SBA, Lender agrees to make the Loan if Borrower:

          a.  Provides  Lender  with  all  certifications,  documents,  or other
     information Lender is required by the
         Authorization to obtain from Borrower or any third party;

b.       Executes a note and any other documents required by Lender; and

          c. Does  everything  necessary for Lender to comply with the terms and
     conditions of the Authorization
                ("Borrower's Obligations").

2.       The terms and conditions of this Agreement:

          a. Are  binding  on  Borrower  and  Lender  and their  successors  and
     assigns;

               b. Will remain in effect after the closing of the Loan,

3   Failure  to  abide  by any of the  Borrower's  Obligations  or  terms of the
    Authorization  that pertain to the Borrower nstitute an eve of default under
    er the note and other loan documents.

<PAGE>

Lender:

BancFirst Commercial Capital
101 N. Broadway, Suite 460
Oklahoma City, OK 73102

    SBA  approves,  under  Section  7(a) of the Small  Business  Act as amended,
    Lender's  application,  received 7-8-98,  for SBA to guarantee 75% of a loan
    ("Loan') in the amount of $l,000,000,00 to assist:

    Borrower:

     I. Ethos communications Corp. 14516 Lisa Lane
        Edmond, OK 73013

    A.  THE  GUARANTEE  FEE IS  $25,937.50.  Lender must pay the  guarantee  fee
        within 90 days of the date of this  Authorization  or immediately  after
        initial disbursement, whichever comes first. The 90-day deadline may not
        be extended.  Lender must send the guarantee  fee to the Small  Business
        Administration,  Denver, CO 80259-0001. Lender may collect this fee from
        Borrower  after  initial  disbursement  of Loan.  Borrower  may use Loan
        proceeds to pay the fee. No part of the  guarantee  fee is refundable if
        Lender has made any disbursement.

          B. ONGOING  SERVICING  FEE - Lender agrees to pay an ongoing fee equal
     to  one-half  of one  percent  per year of the  guaranteed  portion  of the
     outstanding balance. Lender may not charge this fee to Borrower.

   C.   IT IS LENDER'S SOLE RESPONSIBILITY TO:

          1. Close the Loan in accordance  with the terms and conditions of this
     Authorization.

        2.   Obtain valid and enforceable  Loan documents,  including  obtaining
             the signature or written  consent of any  obligor's  spouse if such
             consent or signature is necessary to bind the marital  community or
             create a valid lien on marital property.

          3.  Retain  all Loan  closing  documents.  Lender  must  submit  these
     documents, along with other required documents, to SBA for review if Lender
     requests SBA to honor its guarantee on the Loan, or at anytime SBA requests
     the documents for review.

<PAGE>

          i. Lender may use its own forms except as otherwise instructed in this
     AuthOriZatiOn. Lender must use the
following SBA forms for the Loan:

SBA Form 147, Note

SBA  Form  1050,   Settlement   Sheet,  for  each  disbursement  SBA  Form  159,
Compensation  Agreement,   for  each  representative  SBA  Form  2004,  Lender's
Certification SBA Form 722, Equal Opportunity Poster SBA Form 793, Notice to New
Borrowers SBA Form 148, Guarantee

          2. Lender may use computer-generated  versions of mandatory SBA Forms,
     as long as these versions are exact reproductions.

          3.  Lenders must submit  completed  SBA Forms 159 and 2004 for non-PLP
     loans to the SBA immediately after
final disbursement.

E.  CONTINGENCIES - SBA issues this Authorization in reliance on representations
in the Loan  application,  including  supporting  documents.  The  guarantee  Is
contingent upon Lender:

          i. Complying with the current SBA Standard Operating  Procedures (SOP)
     and SBA Loan Guarantee  Agreement  (SBA Form 750,  dated  7-2-90),  and any
     supplemental agreements, between Lender and SBA;

2.  Making  initial  disbursement  of the  Loan no  later  than 12  months,  and
completing  disbursement  no later than 12 months,  from the date of this Author
zation, unless SBA extends the time in writing;

          3. Having no evidence since the date of the Loan  application,  or any
     preceding  disbursement,  of any unremedied adverse change in the financial
     condition,  organization,  operations.  or fixed  assets of Borrower  which
     would warrant withholding or not making any further disbursement, and;

4 satisfying all of the conditions in this Authorization.

F.       NOTE TERMS:

i.       Maturity: This Note will mature in 7 year(s) from date of Note.

2 Repayment Terms: Lender must insert onto SBA Note, Form 147, to be executed by
Borrower,  the following  repayment  terms,  without  modification.  Lender must
complete all blank terms on the Note at time of closing:

The interest rate on this Note will fluctuate.  The initial interest rate is 11%
per year.  This initial rate is the prime rate on the date SBA received the loan
application, plus 2.5%.

Borrower must pay principal  and interest  payments of SI 7,123.00  every month,
beginning one month from the month of this Note; payments must be made on the 31
st calendar day in the months they are due.

Lender will apply each installment  payment first to pay interest accrued to the
day Lender receives the payment,  then to bring principal  current,  then to pay
any late fees, and will apply any remaining balance to reduce pnncipal.

Lender may adjust the interest rate for the first time no earlier than the first
calendar day of the first month after  initial  disbursement.  The interest rate
will then be adjusted quarterly (the "change period').

The `Prime  Rate" is the prime rate  published  in the Wall Street  Journal,  in
effect on the first business day of the month in which a change occurs.

The adjusted interest rate will be 2.5% above the Prime Rate. Lender will adjust
the interest rate on the first calendar day of each change period. The change in
interest  rate is  effective  on that day whether or not Lender  gives  Borrower
notice of the change.

Lender must adjust the  payment  amount at least  annually as needed to amortize
principal over the remaining term of the note.

If SBA purchases the guaranteed  portion of the unpaid  principal  balance,  the
interest  rate  becomes  fixed at the rate in effect at the time of the earliest
uncured  payment  default.  If there is no  uncured  payment  default,  the rate
becomes fixed at the rate in effect at the time of purchase.

All remaining  principal and accrued  interest is due and payable 7 year(s) from
date of Note.

Borrower agrees that if default occurs on this Note or on any other  outstanding
SBA or  SBA-guaranteed  loan,  Lender  has the option to make this Note and such
other loans immediately due and payable.

G.                                    USE OF PROCEEDS

I. Si ,000,000.00 to purchase the business known as Ethos Communications  Corp.,
according to the executed Purchase Agreement dated 6-1 1-98.

All amounts listed above are approximate,  Lender may not disburse Loan proceeds
solely to pay the  guarantee  fee.  Lender may disburse to Borrower,  as working
capital only,  funds not spent for the listed purposes as long as these funds do
not exceed 10% of the specific purpose  authorized or S 10,000.00,  whichever is
less. An Eligible Passive Company may not receive working capital funds.

Lender must complete SBA Form 1050,  Settlement Sheet, for each disbursement and
retain these forms in its Loan file. Lender must document that Borrower used the
loan proceeds for the purposes stated in this Authorization

Lender must obtain a lien on 100% of the interests in the  following  collateral
and properly perfect all lien positions:

First Perfected Security  Interest,  subject to no other liens, in the following
personal property,  whether now owned or later acquired,  wherever located,  and
the proceeds therefrom:  Equipment; Fixtures; Inventory; Accounts;  Instruments;
Chattel Paper; General Intangibles;

a.  Lender  must  obtain  a  written  agreement  from  all  Lessors   (including
sublessors) agreeing to: (1) Subordinate to Lender Lessor's interest, if any, in
this  property;  (2) Provide  Lender  written  notice of default and  reasonable
opportunity  to cure  the  default;  and (3)  Allow  Lender  the  right  to take
possession and dispose of or remove the collateral.

b. Lender must obtain a list of all equipment  and fixtures that are  collateral
for the Loan. For items with a unit value of $500 or more, the list must include
a description and serial number, if applicable.

c.  Lender  must  obtain an  appropriate  Uniform  Commercial  Code lien  search
evidencing all required lien positions. If UCC search is not available,  another
type of lien search may be substituted.

          2.  Guarantee  on SBA Form  148,  by  Robert  W.  Crull,  resident  in
     Oklahoma.

The following language must appear in all lien instruments  including Mortgages,
Deeds of Trust, and Security Agreements:

"The Loan  secured by this lien was made under a United  States  Small  Business
Administration  (SBA) nationwide  program which uses tax dollars to assist small
business owners. If the United Slates is seeking to enforce this document,  then
under SBA regulations.

a)  When  SBA is the  holder  of the  Note,  this  document  and  all  documents
evidencing or securing  this Loan will be construed in  accordance  with federal
law.

b) Lender or SBA may use local or state  procedures  for purposes such as filing
papers,  recording  documents,  giving  notice,  foreclosing  liens,  and  other
purposes.  By using these  procedures,  SBA does not waive any federal  immunity
from local or state control, penalty, tax or liability. No Borrower or Guarantor
may claim or assert against SBA any local or state law to deny any obligation of
Borrower, or defeat any claim of SBA with respect to this Loan.

ADDITIONAL CONDITIONS

Insurance Requirements

Prior to  disbursement,  Lender must  require  Borrower to obtain the  following
insurance coverage and maintain this coverage for the life of Loan:

a.  Flood  Insurance.  If FEMA  Form  81-93  reveals  that  any  portion  of the
collateral is located in a special flood hazard zone, Federal flood insurance or
other appropriate special hazard insurance in amounts equal to the lesser of the
insurable  value of the property or the maximum  limit of coverage  available is
required. (Borrower will be ineligible for any future SBA disaster assistance or
business loan  assistance if Borrower does not maintain flood  insurance for the
entire term of the Loan.)

b. Personal  Property Hazard  Insurance  coverage on all equipment,  fixtures or
inventory  that is collateral  for the Loan,  in the amount of full  replacement
costs. If full replacement  cost insurance is not available,  coverage should be
for maximum  insurable  value.  This policy must  contain a LENDERS LOSS PAYABLE
CLAUSE in favor of Lender.  This clause must  provide that any act or neglect of
the debtor or owner of the insured  property will not invalidate the interest of
Lender.  The  policy or  endorsements  must  provide  for at least 10 days prior
written notice to Lender of policy cancellation.

c. Life Insurance, satisfactory to Lender: (1) on the life of Robert W. Crull in
the amount of $1,000,000.00.

Lender  must  obtain a  collateral  assignment  of each  policy  with  Lender as
assignee  which  provides that Insurer will give Lender at least 30 days written
notice  of  payment  default  and a right  to  cure.  Lender  must  also  obtain
acknowledgment of the assignment by the Home Office of the Insurer.

2.Borrower, Guarantor and Operating Company Documents

a.Prior to closing,  Lender must obtain from  Borrower,  Guarantor and Operating
Company a current  copy of each of the  following as  appropriate:  (1)Corporate
Documents - Articles or  Certificate of  Incorporation  (with  amendments),  any
By-laws,  Certificate  of Good  Standing (Or  equivalent),  Corporate  Borrowing
Resolution,  and, if a foreign  corporation,  current  authority  to do business
within this state.

(2)LImited  Liability  Company (LLC) Documents - Articles of Organization  (with
amendments),  Fact Statement or Certificate of Existence,  Operating  Agreement,
Borrowing Resolution, and evidence of any state-required registration.

(3)      General Partnership Documents

(6) Trustee Certification - A Certificate from the trustee warranting that:

(a) The trust will not be revoked or  substantially  amended for the term of the
Loan without the consent of SBA;  (b) The trustee has  authority to act; (c) The
trust has the  authority  to borrow  funds,  guarantee  loans,  and pledge trust
assets,  (d) If the  trust is an  Eligible  Passive  Company,  the  trustee  has
authority to lease the property to the

      Operating Company;
 (e)  There is nothing in the trust  agreement  that would  prevent  Lender from
      realizing on any security interest in trust assets;

 (f) The  trustee  has  provided  accurate,  pertinent  language  from the trust
agreement  confirming  the above;  and (g) The  trustee  has  provided  and will
continue to provide SBA with a true and complete list of all trustors and

                      donors.

3. Operating Information

Prior to any disbursement of Loan proceeds, Lender must obtain:

a. Verification of Financial  Information..  Lender must submit IRS Form 4506 to
the  Internal  Revenue  Service  to obtain  federa]  income tax  information  on
Borrower for the last three (3) years (unless  Borrower is a startup  business).
If the business has been  operating for less than 3 years Lender must obtain the
information for all years in operation.  This  requirement  does not include tax
information  for the most recent fiscal year if the fiscal  year-end is within 6
months of the application  date.  Lender must compare the tax data received from
the IRS  with  the  financial  data  or tax  returns  submitted  with  the  Loan
application,  and relied upon in approving  the loan.  Borrower must resolve any
significant  differences  to the  satisfaction  of Lender and SBA before  Lender
disburses Loan proceeds.

 b.Trade Name - Evidence  Borrower  has  complied  with state  requirements  for
      registration of Borrower's trade name (or fictitious name),

 c.Authority to Conduct  Business - Evidence  that the  Borrower has an Employer
      Identification  Number  and all  insurance,  licenses,  permits  and other
      approvals necessary to lawfully operate the business.

d. Flood Hazard  Determination - A completed Standard Flood Hazard Determination
(FEMA Form 81-93).

e. Lease - Current lease(s) on all business premises where collateral is located
with term, including options, at least as long as the term of the Loan,

4. Certifications and Agreements

Lender must require Borrower to certify:

 a.Child  Support  - That no  principal  who  owns at  least  50% of the  voting
      Interest of the company is delinquent more than 60 days under the terms of
      any (I) administrative  order, (2) court order, or (3) repayment agreement
      requiring payment of child support.

b.       Current  Taxes - Borrower is current on all federal,  state,  and local
         taxes,  including but not limited to income taxes,  payroll taxes, real
         estate taxes, and sales taxes.

c. That Borrower will: (1) Reimbursable  Expenses- Reimburse Lender for expenses
incurred in the making and administration of the Loan. (2) Books,  Records,  and
Reports-  (a) Keep proper books of account in a manner  satisfactory  to Lender;
(b) Furnish year-end statements to Lender within 60 days of fiscal year end; (c)
Furnish  additional  financial  statements or reports  whenever  Lender requests
them; (d)Allow Lender or SBA, at Borrower's expense, to:

 Inspect and audit books, records and papers relating to Borrower's financial or
business condition; and Inspect and appraise any of Borrower's assets; and

Allow all government  authorities  to furnish  reports of  examinations,  or any
records pertaining to Borrower, upon request by Lender or SBA.

(3)Equal  Opportunity - Post SBA Form 722, Equal Opportunity Poster, where it is
clearly visible to employees,  applicants for employment and the general public,
and comply with the requirements of SBA Form 793, Notice to New SBA Borrowers.

(4)American-made Products - To the extent feasible,  purchase only American-made
equipment and products with the proceeds of the Loan.

(5)Taxes - Pay all federal,  state, and local taxes, including income,  payroll,
real estate and sales taxes of the business when they come due.

  d. That Borrower will not, without Lender's prior written consent:
  (1)Distributions-  Make any distribution of company assets that will adversely
   affect the financial condition of Borrower.

  (2)Ownership  Changes - Change the  ownership  structure  or  interests in the
business during the term of the Loan.

  (3)Transfer  of Assets - Sell,  lease,  pledge,  encumber  (except by purchase
   money liens on property  acquired  after the date of the Note),  or otherwise
   dispose of any of

  Borrower's property or assets, except in the ordinary course of business.

Borrower acknowledges that:

I. Borrower has received a copy of this  Authorization  and SBA Form 793, Notice
to New SBA Borrower, from Lender.
2. SBA requires the above conditions to guarantee Loan. 3. This Authorization is
a commitment by Lender to make a loan to Borrower;

4. This  Authorization  is  between  Lender and SBA and  creates no third  party
rights or benefits to Borrower;

5. The Loan Note will require  Borrower to give Lender prior notice of intent to
prepay.

6. If Borrower defaults on Loan, SBA may be required to pay Lender under the SBA
guarantee.  SBA may then seek recovery of these funds from  Borrower.  Under SBA
regulations,  13 CFR Part 101,  Borrower may not claim or assert against SBA any
immunities or defenses available under local law to defeat,  modify or otherwise
limit  Borrower's  obligation  to repay to SBA any funds  advanced  by Lender to
Borrower.

7.  Payments by SBA to Lender under SBA's  guarantee  will not apply to the Loan
account of Borrower,  or diminish the indebtedness of Borrower under its Note or
the obligations of any personal guarantor of the Note.

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