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Exhibit 10.14    
    

 
 

PROMISSORY NOTE    
    

	$31,412.50	 	September 29, 1999

Emeryville, CA

        FOR
VALUE RECEIVED, the undersigned Borrower promises to pay to Alibris, (the "Company"), at its principal office at 1250 45th Street, Suite 100, Emeryville, CA the principal sum of
$31,412.50, together with interest from the date of this Note on the unpaid principal balance upon the terms and conditions specified below. 

        1.    Principal and Interest.    The principal balance of this Note together with interest accrued and unpaid to date
shall be due and payable five (5) years from the date of this Note. 

        2.    Rate of Interest.    Interest shall accrue under the Note on any unpaid principal balance at the rate of 5.5%
per annum, compounded annually. 

        3.    Prepayment.    Prepayment of principal and interest may be made at any time without penalty. 

        4.    Events of Acceleration.    The entire unpaid principal sum and unpaid interest of this Note shall become
immediately due and payable upon one or more of the following events: 

        A.
thirty (30) days after the date that Borrower shall cease to be employed by or in service to Alibris, Inc.; 

        B.
the failure of the Borrower to pay when due the principal balance and accrued interest on this Note and the continuation of such default for more than thirty (30) days; or 

        C.
the insolvency of the Borrower, the commission of an act of bankruptcy by the Borrower, the execution by the Borrower of a general assignment for the benefit of creditors, the filing
by or against the Borrower of a petition in bankruptcy or a petition for relief under the provisions of the federal bankruptcy act or another state or federal law for the relief of debtors and the
continuation of such petition without dismissal for a period of ninety (90) days or more; or 

        D.
the occurrence of a material event of default under the Stock Pledge Agreement securing this Note or any obligation secured thereby. 

        5.    Security.    Payment of this Note shall be secured by a Stock Pledge Agreement to be executed by Borrower and
covering shares of Company common stock. Borrower, however, shall remain personally liable for payment of this Note, and assets of the Borrower, in addition to the collateral under the Stock Pledge
Agreement, may be applied to the satisfaction of the Borrower's obligations hereunder. 

        6.    Collection.    If action is instituted to collect this Note, the Borrower promises to pay all reasonable costs
and expenses (including reasonable attorney fees) incurred in connection with such action. 

        7.    Waiver.    No previous waiver and no failure or delay by the Company or Borrower in acting with respect to the
terms of this Note or the Stock Pledge Agreement shall constitute a waiver of any breach, default, or failure of condition under this Note, the Stock Pledge Agreement, or the obligations secured
thereby. A waiver of any term of this Note, the Stock Pledge Agreement, or of any of the obligations secured thereby must be made in writing and signed by a duly authorized officer of the Company and
shall be limited to the express terms of such waiver. 

        Borrower
hereby expressly waives presentment and demand for payment at such time as any payments are due under this Note. 

        8.    Conflicting Agreements.    In the event of any inconsistencies between the terms of this Note and the terms of
any other document related to the loan evidenced by the Note, the terms of this Note shall prevail. 

 

        9.    Governing Law.    This Note shall be construed in accordance with the laws of the State of California. 

	

 	
 	

/s/  PEGGY DELEON      
 Signature of Borrower
	

 	
 	

Address:	

21 Ironwood

Oakland, CA 94605

2

 
 

STOCK PLEDGE AGREEMENT    
    

        In order to secure payment of that certain September 29, 1999 promissory note (the "Note") payable to Alibris, a California corporation (the "Company")
having its corporate offices at 1250 45th Street, Suite 100, Emeryville, CA in the principal amount of ($31,412.50), which Note the Borrower delivered in connection with a loan extended to the
Borrower by the Company, the Borrower hereby grants the Company a security interest in, and assigns, transfers to and pledges with the Company, the following securities and other property: 

        (i)    the
87,500 shares of Company common stock ("Common Stock") delivered to and deposited with the Company as collateral for the Note; and 

        (ii)   any
and all new, additional or different securities or other property subsequently distributed with respect to the shares identified in subparagraph (i) that are
to be delivered to and deposited with the Company pursuant to the requirements of paragraph 3 of this Agreement; and 

        (iii)  any
and all other property and money that is delivered to or comes into the possession of the Company pursuant to the terms and provisions of this Agreement; and 

        (iv)  the
proceeds of any sale, exchange or disposition of the property and securities described in subparagraphs (i), (ii) or (iii) above. 

        All
securities, property and money to be assigned to, transferred to and pledged with the Company shall be herein referred to as the "Collateral" and shall be accompanied by one or more
stock power assignments properly endorsed by the Borrower. The Company shall hold the Collateral in accordance with the following terms and provisions: 

        1.     Warranties. The Borrower hereby warrants that the Borrower is the owner of the Collateral and has the right to pledge the
Collateral and that the Collateral is free from all liens, advance claims and other security interests (other than those created hereby). 

        2.     Rights and Powers. The Company may, without obligation to do so, exercise one or more of the following rights and powers
with respect to the Collateral: 

        (a)   accept
in its discretion, but subject to the applicable limitations of paragraphs 7(a), (c) and (d), other property of the Borrower in exchange for all or part of
the Collateral and release Collateral to the Borrower to the extent necessary to effect such exchange, and in such event the money, property or securities received in the exchange shall be held by the
Company as substitute security for the Note and all other indebtedness secured hereunder; 

        (b)   perform
such acts as are necessary to preserve and protect the Collateral and the rights, powers and remedies granted with respect to such Collateral by this Agreement;
and 

        (c)   transfer
record ownership of the Collateral to the Company or its nominee and receive, endorse and give receipt for, or collect by legal proceedings or otherwise,
dividends or other distributions made or paid with respect to the Collateral, provided and only if there exists at the time an outstanding event of default under paragraph 8 of this Agreement. 

        Any
action by the Company pursuant to the provisions of this paragraph 2 may be taken without notice to the Borrower. Expenses reasonably incurred in connection with such action
shall be payable by the Borrower and form part of the indebtedness secured hereunder as provided in paragraph 9. 

        So
long as there exists no event of default under paragraph 8 of this Agreement, the Borrower may exercise all shareholder voting rights and be entitled to receive any and all
regular cash dividends paid on the Collateral. Accordingly, until such time as an event of default occurs under this Agreement, all proxy statements and other shareholder materials pertaining to the
Collateral shall be delivered to the Borrower at the address indicated below. 

        Any
cash sums that the Company may receive in the exercise of its rights and powers under paragraph 2(b) above shall be applied to the payment of the Note and any other
indebtedness secured 

 

hereunder,
in such order of application as the Company deems appropriate. Any remaining cash shall be paid over to the Borrower. 

        3.     Duty to Deliver. Any new, additional or different securities that may now or hereafter become distributable with respect
to the Collateral by reason of (i) any stock dividend, stock split or reclassification of the capital stock of the Company, or (ii) any merger, consolidation or other reorganization
affecting the capital structure of the Company, shall, upon receipt by the Borrower, be promptly delivered to and deposited with the Company as part of the Collateral hereunder. Such securities shall
be accompanied by one or more properly-endorsed stock power assignments. 

        4.     Care of Collateral. The Company shall exercise reasonable care in the custody and preservation of the Collateral, but
shall have no obligation to initiate any action with respect to, or otherwise inform the Borrower of, any conversion, call, exchange right, preemptive right, subscription right, purchase offer or
other right or privilege relating to or affecting the Collateral; provided, however, that the Company will notify the Borrower of any such rights of the Borrower to protect against adverse claims or
to protect the Collateral against the possibility of a decline in market value. The Company shall not be obligated to take any action with respect to the Collateral requested by the Borrower unless
the request is made in writing and the Company determines that the requested action will not unreasonably jeopardize the value of the Collateral as security for the note and other indebtedness secured
hereunder. 

        The
Company may at any time release and deliver all or part of the Collateral to the Borrower, and the receipt thereof by the Borrower shall constitute a complete and full acquittance
for the Collateral so released and delivered. The Company shall accordingly be discharged from any further liability or responsibility for the Collateral, and the released Collateral shall no longer
be subject to the provisions of this Agreement. However, any and all releases of the Collateral shall be effected in compliance with the applicable limitations of paragraphs 7(a) and 7(c). 

        5.     Payment of Taxes and Other Charges. The Borrower shall pay, prior to the delinquency date, all taxes, liens, assessments
and other charges against the Collateral, and in the event of the Borrower's failure to do so, the Company may at its election pay any or all of such taxes and charges without contesting the validity
or legality thereof. The payments so made shall become part of the indebtedness secured hereunder and until paid shall bear interest at the minimum per annum rate, compounded annually, required to
avoid the imputation of interest income to the Company and compensation income to the Borrower under the federal tax laws. 

        6.     Transfer of Collateral. In connection with the transfer or assignment of the note (whether by negotiation, discount or
otherwise), the Company may transfer all or any part of the Collateral, and the transferee shall thereupon succeed to all the rights, powers and remedies granted the Company hereunder with respect to
the Collateral so transferred. Upon such transfer, the Company shall be fully discharged from all liability and responsibility for the transferred Collateral. 

        7.     Release of Collateral. Provided (i) all indebtedness secured hereunder (other than payments not yet due and payable
under the Note) shall at the time have been paid in full or cancelled and (ii) there does not otherwise exist any event of default under paragraph 8, the pledged shares of Common Stock,
together with any additional Collateral that may hereafter be pledged and deposited hereunder, shall be released from pledge and returned to the Borrower in accordance with the following provisions: 

        (a)   Upon
payment or prepayment of principal under the Note, together with payment of all accrued interest to date, one or more shares of Common Stock held as Collateral
hereunder shall (subject to the applicable limitations of paragraphs 7(c) and (d) below) be released to the Borrower within three (3) days after such payment or prepayment. The number of
shares to be so released shall be equal to the number obtained by multiplying (i) the total number of shares of 

2

 

Common
Stock held under this Agreement at the time of the payment or prepayment, by (ii) a fraction of the numerator of which shall be the amount of the principal paid or prepaid and the
denominator of which shall be the unpaid principal balance of the Note immediately prior to such payment or prepayment. In no event, however, shall any fractional shares be released. In addition, one
or more shares of Common Stock held as Collateral hereunder shall (subject to the applicable limitations of paragraphs 7(c) and (d) below) be released to a stock broker designated in writing by
the Borrower and acceptable to the Company for the sole purpose of effecting an immediate sale of the released shares and provided that such stock broker agrees to forward any proceeds (up to the
balance of principal and interest due under the Note) directly to the Company to be used to satisfy the Note. 

        (b)   Any
additional Collateral that may hereafter be pledged and deposited with the Company (pursuant to the requirements of paragraph 3) with respect to the shares of
Common Stock pledged hereunder shall be released at the same time the particular shares of Common Stock to which the additional Collateral relates are to be released in accordance with the applicable
provisions of paragraph 7(a). Under no circumstances, however, shall any shares of Common Stock or any other Collateral be released if previously applied to the payment of any indebtedness
secured hereunder. 

        (c)   In
no event, however, shall any shares of Common Stock be released pursuant to the provisions of paragraphs 7(a) or 7(b) if, and to the extent, the fair market value of
the Common Stock and all other Collateral that would otherwise remain in pledge hereunder after such release were affected would be less than the unpaid balance of the Note (principal and accrued
interest). 

        (d)   In
the event the securities constituting the Collateral become "margin securities" (within the meaning of Section 207.2(i) of Regulation G of the
Federal Reserve Board), then the value of the Collateral securing the note shall not be less than fifty percent (50%) of the current market value of such securities. Accordingly, the number of shares
to be released pursuant to paragraph 7(a) or (b) shall be reduced to the extent necessary to comply with Regulation G. 

        8.     Events of Default. The occurrence of one or more of the following events shall constitute an event of default under this
agreement: 

        (a)   the
failure of the Borrower to pay the principal and accrued interest when due under the Note; 

        (b)   the
failure of the Borrower to perform a material obligation imposed upon the Borrower by reason of this agreement; or 

        (c)   the
breach of any warranty of the Borrower contained in this agreement. 

        Upon
the occurrence of any such event of default, the Company may, at its election, declare the Note and all other indebtedness secured hereunder to become immediately due and payable
and may exercise any or all of the rights and remedies granted to a secured party under the provisions of the California Uniform Commercial Code (as now or hereafter in effect), including (without
limitation) the power to dispose of the Collateral by public or private sale or to accept the Collateral in full payment of the Note and all other indebtedness secured hereunder. 

        Any
proceeds realized from the disposition of the Collateral pursuant to the foregoing power of sale shall be applied first to the payment of reasonable expenses incurred by the Company
in connection with the disposition, then to the payment of the Note and finally to any other indebtedness secured hereunder. Any surplus proceeds shall be paid over to the Borrower. However, in the
event such proceeds prove insufficient to satisfy all obligations of the Borrower under the Note, than the Borrower shall remain personally liable for the resulting deficiency. 

3

 

        9.     Other Remedies. The rights, powers and remedies granted to the Company and Borrower pursuant to the provisions of this
agreement shall be in addition to all rights, powers and remedies granted to the Company and Borrower under any statute or rule of law. Any forbearance, failure or delay by the Company or Borrower in
exercising any right, power or remedy under this agreement shall not be deemed to be a waiver of such right, power or remedy. Any single or partial exercise of any right, power or remedy under this
agreement shall not preclude the further exercise thereof, and every right, power and remedy of the Company and Borrower under this agreement shall continue in full force and effect unless such right,
power or remedy is specifically waived by an instrument executed by the Company or Borrower, as the case may be. 

        10.   Costs and Expenses. All reasonable costs and expenses (including reasonable attorneys fees) incurred by the Company in
the exercise or enforcement of any right, power or remedy granted it under this Agreement shall become part of the indebtedness secured hereunder and shall constitute a personal liability of the
Borrower payable immediately upon demand and bearing interest until paid at the Company's bank interest rate then being earned by the Company on its deposits. 

        11.   Applicable Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California
and shall be binding upon the executors, administrators, heirs and assigns of the Borrower. 

        12.   Arbitration. Any controversy between the parties hereto involving the construction or application of any terms, covenants
or conditions of this Agreement or the Note, or any claims arising out of or relating to this Agreement or the Note, or the breach hereof or thereof, will be submitted to and settled by final and
binding arbitration in San Francisco, California, in accordance with the rules of the American Arbitration then in effect, and judgment upon the award rendered by the arbitrator may be entered in any
court having jurisdiction thereof. In the event of any arbitration under this Agreement or the Note, the prevailing party shall be entitled to recover from the losing party reasonable expenses,
attorneys' fees, and costs incurred therein or in the enforcement or collection of any judgment or award rendered therein. The "prevailing party" means the party determined by the arbitrator to have
most nearly prevailed, even if such party did not prevail in all matters, not necessarily the one in whose favor a judgment is rendered. 

        13.   Severability. If any provision of this Agreement is held to be invalid under applicable law, then such provision shall be
ineffective only to the extent of such invalidity, and neither the remainder of such provision nor any other provisions of this Agreement shall be affected thereby. 

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        IN
WITNESS WHEREOF, this Agreement has been executed by the Borrower on this 29th day of September, 1999. 

	

 	
 	

/s/  PEGGY DELEON      
 Signature of Borrower
	

 	
 	

Address:	

 

	
Agreed to and Accepted by:
	

Alibris
	

By:	
 	

/s/  MARTIN MANLEY      
	
 	

 
	Name:	 	Martin Manley
	 	 
	Title:	 	President & CEO
	 	 
	Dated:	 	9/29/99
	 	 

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Exhibit 10.14

PROMISSORY NOTE

STOCK PLEDGE AGREEMENTQuickLinks
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Exhibit 10.16    
    

October 29,
1999 

Mr. Mark
Nason

Vice President Operations

Alibris.com

475 Lillard Drive, Ste. 102

Sparks, NV 89434 

Dear Mark: 

Enclosed
please find two copies of the revised ODC/Alibris contract changing the starting rental date for the newly expanded 4,000 square foot Alibris office/workroom in Building 4 to 12/1/99 from
11/1/99. If this meets with your approval, please sign both copies of the contract, retaining one for yourself and returning one to me for my files. 

If
you have any questions whatsoever about the enclosed, please don't hesitate to give me a call. 

Best
regards, 

/s/  MICHAEL J. MCCABE     

Michael J. McCabe 

MJM:clb

Enclosures 

  

 
 

CONTRACT AND
  SERVICE AGREEMENT    
    

	ALIBRIS.COM

475 Lillard Drive

Suite 102

Sparks, NV 89434	 	

PROPOSAL DATE

Effective date:	 	

October 28, 1999

December 1, 1999

	

	
 COMMODITY, PACK, TYPE OF CONTAINER	
 	

SIZE

(LENGTH, WIDTH,

HEIGHT, CUBE)	
 	

GROSS WEIGHT	
 	

Stg Rate

Per Month or

Fraction Thereof
 Per sq. ft.	
 	

Handling

In & Out
 Rate Per Hr.*
	

	
 BOOKS	
 	

Office Space	
 	
$	

0.85	
 
	 	 	Operations space	 	$	0.48	*
	**Temporary Agency Employees Will Be Charged At Agency Bill Rate Plus 15%

	 

Alibris will have the flexibility to also utilize ODC full-time employees with full benefits to be charged according to the following formula: Base Wage plus
Benefits plus an Administrative Fee of 24%. (See Exhibit 2 for a sample calculation.) The full-time ODC employee complement can be reviewed and modified on a quarterly basis.
Between reviews, Alibris agrees to pay for a minimum of monthly full-time wages, benefits and administrative coats. 

*Initial
space requirement is 5,000 square feet which includes space laid out in accordance with the layout attached as Exhibit 1, as well as additional pro-rata share of building
common area for dock staging, office/restrooms, maintenance, etc. Alibris.com space can be expanded in 1,000 square foot increments (NIC private office space). 

RPS
volume discount on Ground Shipments:    30% 

Effective
12/1/99, Alibris will expand into a 4,000 square foot office/workroom area located in the southeast corner of ODC's Building #4 located at 475 Lillard Drive. The rental rate for this
office/workroom space will be $0.85 per square foot per month due and payable in advance on the first day of each month commencing 12/1/99. 

	

	ROUTING INSTRUCTIONS: SHIPMENTS TO BE CONSIGNED TO	 	Alibris.com

	IN CARE OF THE ODC INTEGRATED LOGISTICS DESTINATION	 	Sparks, NV 89434
	

	BILL OF LADING AND MANIFEST OF CON TENTS ARE TO BE RECEIVED BY WAREHOUSE BEFORE ARRIVAL OF SHIPMENT.
	

 
 

Standard Contract Terms and Conditions for Merchandise Warehousemen
  (Approved and promulgated by American Warehouse Association, October 1968; revised and promulgated by International
Warehouse  Logistics Association, January 1998)    

 ACCEPTANCE—Sec. 1  

	(a)
	The
contract and rate quotation including accessorial charge is endorsed on or attached hereto must be accepted within 30 days from the proposal date by signature of depositor
on the reverse side of the contract. In the absence of written acceptance, the act of tendering goods described herein for storage or other services by warehouseman within 30 days from the
proposal date shall constitute such acceptance by depositor.

	(b)
	In
the event that goods tendered for storage or other services do not conform to the description contained herein, or conforming goods are tendered after 30 days from the
proposal date without prior written acceptance by depositor as provided in paragraph (a) of this section, warehouseman may refuse to accept such goods. If warehouseman accepts such goods,
depositor agrees to rates and charges as may be assigned and invoiced by warehouseman and to all terms of this contract. 

1

 
	(c)
	This
contract may be canceled by either party upon 30 days written notice and is canceled if no storage or other services are performed under this contract for a period of
110 days. 

SHIPPING    •    Sec. 2  

Depositor
agrees not to ship goods to warehouseman as the named consignee. If, in violation of this agreement, goods are shipped to warehouseman as named consignee, depositor agrees to notify carrier
in writing prior to such shipment, with copy of such notice to the warehouseman, that warehouseman named as consignee is a warehouseman and has no beneficial title or interest in such property and
depositor further agrees to indemnify and hold harmless warehouseman from any and all claims for unpaid transportation charges, including undercharges, demurrage, detention or charges of any nature,
in connection with goods so shipped. Depositor further agrees that if it fails to notify carrier as required by the preceding sentence, warehouseman shall have the right to refuse such goods and shall
not be liable or responsible for any loss, injury or damage of any nature to, or related to, such goods. 

TENDER FOR STORAGE    •    Sec. 3  

As
goods for storage shall be delivered at the warehouseman properly marked and packaged for handling. The depositor shall furnish at or prior to such delivery a manifest showing marks, brands, or
sized to be kept and accounted for separately, and the class of storage and other services desired. 

STORAGE PERIOD AND CHARGES    •    Sec. 4. 

	(a)
	All
charges for storage are per package or other agreed unit per month.

	(b)
	Storage
charges become applicable upon the date that warehouseman accepts care, custody and control of the goods, regardless of unloading date or date of issue of warehouse receipt.

	(c)
	Except
as provided in paragraph (d) of this section, a full month's storage charge will apply on all goods received between the first and the 15th inclusive of a calendar
month, one-half month's storage charge will apply on all goods received between the 18th and the last day. Inclusive of a calendar month, and a full month's storage charge
will apply to all goods in storage on the first day of the next and succeeding calendar moth. All storage charges are due and payable on the first day of storage for the initial month and thereafter
on the first day of the calendar month. 

TRANSFER, TERMINATION OF STORAGE, REMOVAL OF GOODS    •    Sec. 5  

	(a)
	Instructions
to transfer goods on the books of the warehouseman are not effective until delivered to and accepted by warehouseman and all charges up to the time transfer is made are
chargeable to the depositor of record. If a transfer involved rehandling the goods, such will be the subject of a charge. When goods in storage are transferred from one party to another through the
issuance of a new warehouse receipt, a new storage date is established on the date of transfer.

	(b)
	The
warehouseman reserves the right to move, at his expense, 14 days after notice is sent by certified or registered mail to the depos8itor of record or to the last known
holder of the negotiable warehouse receipt, any goods in storage from the warehouse in which they may be stored to any other of his warehouses; but if such depositor or holder takes delivery of his
goods in lieu of transfer, no storage charge shall be made for the current storage month. Warehouseman will store the goods at and may without notice move the goods within and between any one or more
of the warehouse buildings which comprise the warehouse complex identified on the front of this warehouse receipt.

	(c)
	The
warehouseman may, upon written notice to the depositor of record and any other person known by the warehouseman to claim an interest in the goods, require in the removal of any of
the goods by the next succeeding storage month. Such notice shall be given to the last known place of business or abode of the person to be notified. If goods are not removed before the end of the
next succeeding storage month, the warehouseman may sell them in accordance with applicable law.

	(d)
	If
warehouseman in good faith believes that the goods are about to deteriorate or decline in value to less than the amount of warehouseman lien before the end of the next succeeding
storage month, the warehouseman may specify in the notification any reasonable shorter time for removal of the goods and in case the goods are not removed, may sell them at public sale held one week
after a single advertisement or posting as provided by law.

	(e)
	If
as a result of a quality or condition of the goods of which the warehouseman had no notice at the time of deposit, the goods are a hazard to other property at public or private
sale without advertisement or reasonable notification to all persons known to claim an interest in the goods. If the warehouseman after a reasonable effort is unable to sell the goods he may dispose
of them in any lawful manner and shall incur no liability by reason of such disposition. Pending such disposition, sale or return of the goods, the warehouseman may remove the goods from the warehouse
and shall incur no liability by reason of such removal. 

HANDLING    •    Sec. 6  

	(a)
	The
handling charge covers ordinary labor involved in receiving goods at warehouse door, placing goods in storage, and returning goods to warehouse.

	(b)
	Unless
otherwise agree, labor for unloading and loading goods will be subject to a charge. Additional expenses incurred by the warehouseman in receiving or loading into cars or other
vehicles not at warehouse dock will be charged to the depositor.

	(c)
	Labor
and materials used in loading rail cars or other vehicles are chargeable to the depositor.

	(d)
	When
goods are ordered out in quantities less than in which received, the warehouseman may make an additional charge for each order or each item of an order. 

2

 
	(e)
	The
warehouseman shall not be liable for demurrage or detention, delays in unloading inbound cars, trailers or other containers, or delays in obtaining and loading cars, trailers or
other containers for outbound shipment unless warehouseman has failed to exercise reasonable care. 

DELIVERY REQUIREMENTS    •    Sec. 7  

	(a)
	No
goods shall be delivered or transferred except upon receipt by the warehouseman of complete written instructions. Written instruction shall include, but not be limited to, FAX,
EDI, TWX or similar communication, provided warehouseman has no liability when relying on the information contained in the communication as received. However, when no negotiable receipt is
outstanding, goods may be delivered upon instruction by telephone in accordance with a prior written authorization, but the warehouseman shall not be responsible for loss or error occasioned thereby.

	(b)
	When
a negotiable receipt has been issued not goods covered by that receipt shall be delivered, or transferred on the books of the warehouseman, unless the receipt, properly endorsed,
is surrendered for cancellation or for endorsement or partial deliver thereon. If a negotiable receipt is lost or destroyed, delivery of goods may be made only upon order of a court of competent
jurisdiction and the posting of security approved by the court as provided by law.

	(c)
	When
goods are ordered out a reasonable time shall be given the warehouseman to carry out instruction, and if he is unable because of acts of god, war, public enemies, seizure under
legal process, strikes, lockouts, riots and civil commotions, or any reason beyond the warehouseman's control, or because of loss or destruction of goods for which warehouseman is not liable, or
because of any other excuse provided by law, the warehouseman shall not be liable for failure to carry out such instructions and goods remaining in storage will continue to be subject to regular
storage charges. 

EXTRA SERVICES (SPECIAL SERVICES)    •    Sec. 8  

	(a)
	Warehouse
labor required for services other than ordinary handling and storage will be charged to the depositor.

	(b)
	Special
services requested by depositor including but not limited to compiling of special stock statements; reporting marked weights, serial numbers or other data from packages;
physical check of goods; and handling transit billing will be subject to a charge.

	(c)
	Dunnage,
bracing, packing materials or other special supplies may be provided for the depositor at a charge in addition to the warehouseman's cost.

	(d)
	By
prior arrangement, goods may be received or delivered during other than usual business hours, subject to a charge.

	(e)
	Communication
expense including postage, teletype, telegram, or telephone will be charged to the depositor if such concern more than normal inventory reporting of if, at the request
of the depositor, communications are made by other than regular United States Mail. 

BONDED STORAGE    •    Sec. 9  

	(a)
	A
charge in addition to regular rates will be made for merchandise in bond.

	(b)
	Where
a warehouse receipt covers goods in U.S. Customs bond, such receipt shall be void upon the termination of the storage period fixed by law. 

MINIMUM CHARGES    •    Sec. 10  

	(a)
	A
minimum handling charge per lot and a minimum storage charge per lot per month will be made. When a warehouse receipt covers more than one lot or when a lot is in assortment, a
minimum charge per mark, brand or variety will be made.

	(b)
	A
minimum monthly charge to one account for storage and/or handling will be made. This charge will apply also to each account when one customer has several accounts, each requiring
separate records and billing. 

LIABIL.ITY AND LIMITATION OF DAMAGES    •    Sec. 11.  

	(a)
	THE
WAREHOUSEMAN SHALL NOT BE LIABLE FOR ANY LOSS OR INJURY TO GOODS STORED HOWEVER CAUSED UNLESS SUCH LOSS OR INJURY RESULTED FROM THE FAILURE BY THE WAREHOUSEMAN TO EXERCISE SUCH
CARE IN REGARD TO THEM AS A REASONABLY CAREFUL MAN WOULD EXERCISE UNDER LIKE CIRCUMSTANCES AND WAREHOUSEMAN IS NOT LIABLE FOR DAMAGES WHICH COULD NOT HAVE BEEN AVOIDED BY THE EXERCISE OF SUCH CARE.

	(b)
	GOODS
ARE NOT INSURED BY THE WAREHOUSEMAN AGAINST LOSS OR INJURY HOWEVER CAUSED.

	(c)
	THE
DEPOSITOR DECLARES THAT DAMAGES ARE LIMITED TO $0.25/POUND PROVIDED, HOWEVER, THAT SUCH LIABILITY MAY AT THE TIME OF ACCEPTANCE OF THIS CONTRACT AS PROVIDED IN SECTION 1 BE
INCREASED UPON DEPOSITOR'S WRITTEN REQUEST ON PART OR ALL OF THE GOODS HEREUNDER IN WHICH EVENT AN ADDITIONAL MONTHLY CHARGE WILL BE MADE BASED UPON SUCH INCREASED VALUATION.

	(d)
	WHERE
LOSS OR INJURY OCCURS TO STORED GOODS, FOR WHICH THE WAREHOUSEMAN IS NOT LIABLE, THE DEPOSITOR SHALL BE RESPONSIBLE FOR THE COST OF REMOVING AND DISPOSING OF SUCH GOODS AND THE
COST OF ANY ENVIRONMENTAL CLEAN UP AND SITE REMEDIATION RESULTING FROM THE LOSS OR INJURY TO THE GOODS. 

3

 

NOTICE OF CLAIM AND FILING OF SUIT    •    Sec. 12  

	(a)
	Claims
by the depositor and all other persons must be presented in writing to the warehouseman within a reasonable time, and in no event longer than either 60 days after
delivery of the goods by the warehouseman or 60 days after depositor of record or the last known holder of a negotiable warehouse receipt is noticed by the warehouseman that loss or injury to
part or all of the goods has occurred, whichever time is shorter.

	(b)
	No
action may be maintained by the depositor or others against the warehouseman for loss or injury to the goods stored unless timely written claim has been given as provided in
Paragraph (a) of this section and unless such action is commenced either within nine months after the date of delivery by warehouseman or within nine months after depositor of record or the
last known holder of a negotiable warehouse receipt is notified that loss or injury to part or all of the goods has occurred, whichever time is shorter.

	(c)
	When
goods have not been delivered, notice may be given of known loss or injury to the goods by mailing of a registered or certified letter to the depositor of record or to the last
known holder of a negotiable warehouse receipt. Time limitations for presentation of claim in writing and the maintaining of action after notice begin on the date of mailing of such notice by
warehouseman. 

LIABILITY FOR CONSEQUENTIAL DAMAGES    •    Sec. 13  

Warehouseman
shall not be liable for any loss of profit or special, indirect or consequential damages of any kind. 

LIABIITY FOR MISSED SHIPMENT    •    Sec. 14  

If
warehouseman negligently misships goods the warehouseman shall pay the reasonable transportation charges incurred to return the misshipped goods to the warehouse. If the consignee fails to return
the goods, warehouseman's maximum liability shall be for the loss of damaged goods as specified in Section 11 above, and warehouseman shall have no liability for damages due to consignee's
acceptance or use of the goods whether such goods be those of one depositor or another. 

MYSTERIOUS DISAPPEARANCE    •    Sec. 15  

Warehouseman
shall not be liable for loss of goods due to inventory shortage or unexplained or mysterious disappearance of goods unless depositor established such loss occurred because of
warehouseman's failure to exercise the care required of a warehouseman under section 11 above. Any presumption of conversion imposed by law shall not apply to such loss and a claim by depositor
of conversion must be established by affirmative evidence that the warehouseman converted the goods to warehouseman's own use. 

RIGHT TO STORE GOODS    •    Sec. 16  

Depositor
represents and warrants that depositor is lawfully possessed of the goods and has the right and authority to store them with warehouseman. Depositor agrees to indemnify and hold harmless
warehouseman from all loss, cost and expense including (reasonable attorneys' fees) which warehouseman pays or incurs as a result of any dispute or litigation whether instituted by warehouseman or
others, respecting depositor's right, title or interest in the goods. Such amount shall be charged in relation to the goods and subject to warehouseman's lien. 

ACCURATE INFORMATION    •    Sec. 17  

Depositor
will provide warehouseman with information concerning the stored goods which is accurate, complete and sufficient to allow warehouseman to comply with all laws and regulations concerning the
storage, handling, and transporting of the stored goods. Depositor will indemnify and hold warehouseman harmless from all loss, cost, penalty and expense (including reasonable attorneys' fees) which
warehouseman pays or incurs as a result of depositor failing to fully discharge this obligation. 

SEVERABILITY AND WAIVER    •    Sec. 18  

	(a)
	If
any provision of this receipt or any application thereof, should be construed or held be void or invalid, or unenforceable, by order, decree or judgment of a court of competent
jurisdiction, the remaining provisions of this receipt shall not be affected thereby but shall remain in full force and effect.

	(b)
	Warehouseman's
failure to require strict compliance with any provision of the Warehouse Receipt shall not constitute a waiver or estoppel to later demand strict compliance with that
or any other provision(s) of this Warehouse Receipt.

	(c)
	The
provisions of this Warehouse Receipt shall be binding upon the depositor's heirs, executors, successors and assigns; contain the sole agreement governing goods stored with the
warehouseman and, cannot be modified unless by a writing signed by warehouseman. 

Clerical
services: $21 per hour 

Special
labor services for unscheduled or non-routine warehouseman administrative functions, inventories, handling damage, breaking pallets, returns, etc.: $19 per hour. Forklift use:
$7/hour. 

Purchases
for depositor's account: E.g., small package\telephone\postage charges, forms, pallets, slipsheets, stretchfilm, packaging material, MIS hardware and software modifications,
EDI-related transmission charges, etc. Cost plus 10 percent administrative charge (rates provided herein do not include power conveyor, computer equipment, or work stations, racks
or handling equipment shown on Exhibit 1 or furniture\office equipment for the Alibris private office. 

4

 

DEPOSITOR
            Alibris.com             

	

BY:	
 	

/s/  MARK NASON FOR ALIBRIS      
 The above quotation is hereby accepted and terms herein agreed to:	
 	

 	
 	

BY:	
 	

/s/  MICHAEL J. MCCABE      
 ODC INTEGRATED LOGISTICS

5

May 1, 2001 

Mr. Mark
Nason

Alibris.com

475 Lillard Drive, Ste. 102

Sparks, NV 89434 

Dear Mark: 

Enclosed
please find two copies of Amendment I to the current ODC/Alibris.com Services Agreement reflecting the square footage rate changes to the Services Agreement you had agreed upon with Scott
Owen during the first part of April. We here at ODC thought it best to formalize the rates in an amendment so that we had a proper record of them for both our files. 

These
rates, of course, are scheduled to go into effect today. Please therefore sign both copies of the amendment, retaining one copy for your files and returning the other copy to me for) nine. 

If
you have any questions whatsoever, please don't hesitate to give me a call at 355-2150, Ext. 105. 

Sincerely, 

/s/  RICHARD W. SCHROEDER    

Richard W. Schroeder

Director of Customer Logistics 

RWS:clb 

Enclosures 

 
 

AMENDMENT I
  TO
  SPARKS, NEVADA SERVICES AGREEMENT
  BETWEEN
  ALIBRIS.COM AND ODC INTEGRATED LOGISTICS    
    

Per
our conversation of Monday, April 2, 2001, Alibris.com agrees to the following rate increases effective May 1, 2001 until April 30, 2002 at which time all rates will once
again be subject to review and possible adjustment. As discussed: 

	•
	All
costs will follow the current, agreed upon prices stated in the January 1, 2000 Services Agreement between ODC Integrated Logistics and Alibris.com except for the
following adjustments: 

	 
	 	 
	 	 

	 	 	•    Office Space	 	Increases from $0.85 to $0.8870 per square foot per month.
	

 	
 	

•    Operating Space (0-50.000 sq.ft):	
 	

Increases from $0.48 to $0.5033 per square foot per month.
	

 	
 	

•    Operating Space (>50.000 sq.ft)	
 	

Increases from $0.465 to 0S 4877 per square foot per month

By
signing below, the: parties agree to all of the above. 

	ALIBRIS.COM

By: /s/  MARK NASON    

Title: VP Operations, Alibris

Date: 5-9-01	 	ODC INTEGRATED LOGISTICS

By: /s/  RICHARD W. SCHROEDER    

Title: Director of Customer Logistics

Date: 5/1/01

1 

March 7, 2002 

Mr. Mark
Nason

Alibris.com

475 Lillard Drive. Ste. 102

Sparks, NV 89434 

Dear Mark: 

As
you are aware, ODC Integrated Logistics conducts annual contract and Service Agreement reviews on all of our client contracts to help us keep abreast of inflationary costs and to ensure that we are
meeting, and will continue to meet, your needs in a satisfactory manner. Recently ODC reviewed Alibris' contract and we are pleased to inform you that this year no changes or increases were found to
be necessary to assure that ODC can continue to provide Alibris with the high service levels you have come to expect from an industry leader. 

We
are happy to be able to impart this good news to you and wanted you to know we enjoy our partnership with Alibris and look forward to it continuing to grow far into the future. 

Best
regards, 

/s/  JOSEPH E. SINNER    

Joseph E. Sinner

Director of Customer Logistics 

JES:clb 

September 12,
2002 

Mr. Mark
Nason

Vice President, Operations

Alibris.com

475 Lillard Drive, Ste. 102

Sparks, NV 89434 

Dear Mark: 

Thanks
for taking the tine recently to share with Scott Owen, Tom Brasfield and me the positive projections for Alibris going into 2003. It certainly is a success story for the unique logistics
partnership we forged back in 1998. 

Accordingly
we wanted to respond to your suggested changes to our contract. With regards to the transition to contracting directly with PSI for agency labor, we have no objections and, at your
direction, will delete that provision from our contract. The second request to lower our fee on ODC labor from 24% to 15% depletes our profit margin substantially. As you know, our corporate overhead
is just under 10% and such a reduction to 15% would only enable ODC to achieve a 5% pre-tax margin or 2% to 3% after tax. In good faith, however we understand your objectives and, as your
alliance partner, would propose a reduction of 4.5% to a new fee of 19.5% on ODC employees. 

We
hope this compromise is acceptable and, if so, please acknowledge in the space provided below and we look forward to continuing our logistics partnership for many years to come. 

Should
you have any questions or need more information, please don't hesitate to contact me. 

	

Sincerely	
 	

Acknowledgement:
	

/s/  MICHAEL J. MCCABE    

Michael J. McCabe

Senior Vice President	
 	

/s/  MARK NASON FOR ALIBRIS      
 Mark Nason

Vice President, Operations
	

MJM:clb	
 	

9-12-02
 Date

	cc:
	Mr. Tom
Brasfield

Mr. Scott Owen

Mr. Jim Butler 

 
 

AMENDMENT II
  TO
  SPARKS, NEVADA SERVICES AGREEMENT
  BETWEEN
  ALIBRIS.COM AND ODC INTEGRATED LOGISTICS    
    

Pursuant
to our discussions, we are issuing an amendment to the Sparks, Nevada Services Agreement between Alibris.com and ODC Integrated Logistics. These changes are
reflected in Exhibit A, dated September 16, 2002, under section 4.0 and are effective September 16, 2002. 

By
signing below, the parties agree to all of the above. 

	ALIBRIS.COM

By: /s/  MARK NASON    

Title: VP Operations, Alibris

Date: 10-3-02	 	ODC INTEGRATED LOGISTICS

By: /s/  JOSEPH E. SINNER    

Title: Dir. Customer Logistics

Date: 9/27/02

1

  

 
 

EXHIBIT A
  CONTRACT ADDENDUM
  For Service Agreement Dated 9/16/02    
    

Warehouseman
will provide additional services at customer request at the clerical and warehouse labor rates indicated below. However, if the service is itemized below, the rate shown for that specific
service will apply. 

	1.0    Special Services Rate (SSR)
 
	 	Regular
	 	Overtime
	 	Sunday & Holiday

	Clerical	 	 	 	 	 	 	 	 	 
	Warehouse Labor	 	 	 	 	 	 	 	 	 
	Warehouseman & Lift	 	$	7.00	 	$	7.00	 	$	7.00
	Information Technologies	 	 	 	 	 	 	 	 	 
	Value Added-Services	 	 	 	 	 	 	 	 	 
	Supervision	 	 	 	 	 	 	 	 	 

	  

2.0    Other Services
 
	 	$
	 	Fee Basics
	 	 

	CH	 	Clerical Services Per Hour	 	N/A	 	Per Hour Charge	 	 
	

COR	
 	

Clerical Services Per Order	
 	

N/A	
 	

Per Order Charge	
 	

 
	

CWR	
 	

Clerical Services Per Receipt	
 	

N/A	
 	

Per Receipt Charge	
 	

 
	

SHH	
 	

Cycle Count	
 	

N/A	
 	

Per Hour	
 	

 
	

 	
 	

Emergency Rush/Late Order

Charge (applied to same day orders

received after             am/pm local

facility time)	
 	

N/A	
 	

Per Order Charge	
 	

 
	

FAX	
 	

Fax (Clerical)	
 	

N/A	
 	

Per Outbound Page	
 	

 
	

INV	
 	

Inventories	
 	

N/A	
 	

Per Hour	
 	

 
	

 	
 	

Inventory/Activity Reports	
 	

N/A	
 	

Report	
 	

 
	

LBL, LBLS, LBL1	
 	

Labels (label and application)	
 	

N/A	
 	

o Per Label

o Per Order	
 	

 
	

 	
 	

Minimum Advance Storage	
 	

N/A	
 	

Month	
 	

 
	

 	
 	

Minimum Handling	
 	

N/A	
 	

o SKU o LOT	
 	

 
	

 	
 	

Minimum Storage	
 	

N/A	
 	

o SKU o LOT	
 	

 
	

 	
 	

OS&D Reports	
 	

NIA	
 	

Report	
 	

 
	

PC	
 	

Photocopies	
 	

$0.11	
 	

Per Copy	
 	

 
	

PG	
 	

Photographs	
 	

$2.50	
 	

Per Photograph	
 	

 
	

RW, RC	
 	

Product Returns	
 	

N/A	
 	

Hour	
 	

 
	

URO	
 	

Small Package Order Processing and Bundling Charge	
 	

N/A	
 	

Order	
 	

 
	

SHH	
 	

Sort and segregate	
 	

N/A	
 	

o Per Hour

o Per order	
 	

 
	

SWO	
 	

Stretch Wrap (film slid application)	
 	

N/A	
 	

Pallet	
 	

 
	

 	
 	

Unload floor loaded containers	
 	

N/A	
 	

o Per Hour

o Per Container	
 	

 
	

 	
 	

Volume Discount	
 	

N/A	
 	

o FedEx Grd

o UPS	
 	

 

1

 

3.0   Pass Through Expense and Miscellaneous Charges

Goods
and services purchased directly by warehouseman at the customer's request, and/or with customer's approval, will be invoiced by the warehouseman to the customer at ODC's price plus 10%. These
items include, but are not limited to, postage, forms, pallets, slipsheets, EDI charges, telephone, stretch film, packaging material, and trash disposal. 

Any
purchases for items or services not specifically identified above, will require written authorization from customer prior to purchase. 

Warehouse
hours are from 7:30 am to 4:30 pm, Monday through Friday, excluding holidays. After hours, weekend, and holiday pick-up requiring security, supervision, and facility opening will
be charged the Special Services Rate with a minimum of four hours per person, minimum two persons. This will apply after 4:30 pm Monday through Friday and all day Saturday and Sunday. 

4.0   Comments

Storage—base
of 50,000 sq. ft.—$0.5033 per sq. ft.; over 50,000 and up to 120,000 sq.ft.—$0.4877 per sq. ft. per month. 

Office
storage—$0.8870 per sq. ft. per month. 

ODC
labor—base wage a plus benefits cost plus administrative fee of 19.5%. 

Janitorial
labor—$11.03 per hour pus 15%. 

	 
	 	 
	 	 
	 	 

	DEPOSITOR: Alibris.com	 	WAREHOUSEMAN:
	

By:	
 	

/s/  MARK NASON FOR ALIBRIS      
	
 	

By:	
 	

/s/  JOSEPH E. SINNER      

	The above quotation is hereby accepted

and terms herein agreed to:	 	ODC Integrated Logistics

2

QuickLinks

Exhibit 10.16

CONTRACT AND SERVICE AGREEMENT

Standard Contract Terms and Conditions for Merchandise Warehousemen (Approved and promulgated by American Warehouse Association, October 1968; revised and promulgated by International Warehouse Logistics
Association, January 1998)

AMENDMENT I TO SPARKS, NEVADA SERVICES AGREEMENT BETWEEN ALIBRIS.COM AND ODC INTEGRATED LOGISTICS

AMENDMENT II TO SPARKS, NEVADA SERVICES AGREEMENT BETWEEN ALIBRIS.COM AND ODC INTEGRATED LOGISTICS

EXHIBIT A CONTRACT ADDENDUM For Service Agreement Dated 9/16/02

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