Document:

424<PAGE>

THIS WARRANT HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 AS
AMENDED AND THUS, NOTWITHSTANDING ANY OTHER PROVISIONS CONTAINED HEREIN, MAY
NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNLESS EXEMPTION
FROM SUCH REGISTRATION IS AVAILABLE.

                             THE COBALT GROUP, INC.

             INCORPORATED UNDER THE LAWS OF THE STATE OF WASHINGTON

                                           ORIGINAL ISSUE DATE:  AUGUST 18, 2000

         THIS CERTIFIES THAT, for value received, General Electric Capital Auto
Financial Services, Inc., a Delaware corporation ("AFS"), or its assigns, is
entitled to subscribe for and purchase, during the periods specified in Section
1 hereof, Four Hundred Thousand (400,000) fully paid and non-assessable shares
of Common Stock, $.01 par value per share ("Common"), of THE COBALT GROUP, INC.,
a Washington corporation (the "Corporation"), at a per share price equal to the
Warrant Price, subject, however, to the provisions and upon the terms and
conditions hereinafter set forth. Certain capitalized terms used in this Warrant
shall have the meanings set forth in Section 10.

         1.       DURATION. The right to subscribe for and purchase shares of
Common represented hereby shall expire at 5:00 p.m., Seattle, Washington time,
on December 31, 2005.

         2.       METHOD OF EXERCISE; PAYMENT; ISSUANCE OF NEW WARRANT.

                  (A)   The holder hereof may exercise this Warrant, in whole or
         in part, at the times and subject to the conditions set forth in
         Section 1 hereof as follows:

                           (i)   By presentation of the Subscription Form
                  attached hereto duly executed at the principal office of the
                  Corporation, accompanied by payment to the Corporation of the
                  then applicable Warrant Price for the shares being purchased
                  upon such exercise by check or wire transfer; or

                           (ii)  By presentation of the Cashless Exercise Form
                  attached hereto duly executed at the principal office of the
                  Corporation (a "Cashless Exercise"). In the event of a
                  Cashless Exercise, the holder of this Warrant shall exchange
                  the portions of this Warrant then being exercised for that
                  number of shares of Common determined by multiplying the
                  number of shares of Common as to which this Warrant is then
                  being exercised by a fraction, the numerator of which shall be
                  the amount by which the then current market price per share of
                  Common exceeds the Warrant Price, and the denominator of which
                  shall be the then current market price per share of Common.
                  For purposes of any computation under this Section 2(A)(ii),
                  the then current market price per share of Common at any date
                  shall be deemed to be the average closing price of
                  publicly-traded Common during the twenty (20) trading days
                  immediately preceding the date of presentation of the Cashless
                  Exercise Form as reported by NASDAQ, or other

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                  principal national securities exchange on which the Common is
                  then admitted to trading or listing. If the Common is not then
                  so listed or traded, the fair market price of the Common for
                  purposes of this Section 2 shall be as agreed upon by the
                  Board and the Majority Holders.

                                    (1)   If the Board and the Majority Holders
                           cannot so agree on the fair market value, then the
                           Majority Holders and the Board shall each select an
                           investment banking firm of national reputation to
                           determine the fair market price of the Common.

                                    (2)   The fair market price of the Common
                           shall be the average of the two determinations.

                                    (3)   The Corporation shall make available
                           any such books or records as any of the investment
                           banking firms involved in the valuation process
                           described in this Section 2(A)(ii) may reasonably
                           require in order to determine the fair market price
                           of the Common. The cost of any determinations
                           performed pursuant to this Section 2(A)(ii) shall be
                           paid one-half by the Majority Holders and one-half by
                           the Corporation.

                                    (4)   In determining the fair market price
                           of the Common, each investment banking firm shall
                           consider the cash price which a sophisticated
                           purchaser would pay on the effective date of the
                           determination for a share of Common, with no
                           discounts applied related to the fact that such share
                           of Common represents a minority interest in the
                           Corporation and is not registered pursuant to the
                           Securities Act.

                  (B)   In the event of any exercise of the rights represented
         by this Warrant, (i) stock certificates for the shares of Common so
         purchased shall be delivered to the holder hereof, and (ii) stock
         certificates for the shares of Common so purchased shall be dated the
         date of exercise of this Warrant, and the holder exercising this
         Warrant shall be deemed for all purposes to be the holder of the shares
         of Common so purchased as of the date of such exercise. Such stock
         certificates shall be delivered to the holder hereof within a
         reasonable time, not exceeding five (5) Business Days, after the rights
         represented by this Warrant shall have been so exercised. Each stock
         certificate so delivered shall be in such denominations as may be
         requested by the holder hereof and shall be registered in the name of
         said holder or such other name (upon compliance with the transfer
         requirements hereinafter set forth) as shall be designated by said
         holder. The Corporation shall pay all taxes and other expenses and
         charges payable in connection with the preparation, execution and
         delivery of stock certificates (and new Warrants, if applicable)
         pursuant to this Section 2(B).

         3.      ADJUSTMENT OF WARRANT PRICE AND NUMBER OF SHARES.

                 (A)   The Warrant Price and the number of shares of Common
         purchasable upon the exercise of this Warrant shall be subject to
         adjustment from time to time upon the happening of certain events
         occurring after the original issuance date, as follows:

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                           (i)   RECLASSIFICATION, CONSOLIDATION OR MERGER. In
                  case of any reclassification or change of outstanding Common
                  issuable upon exercise of this Warrant (other than a change in
                  par value, or from par value to no par value, or from no par
                  value to par value, or as a result of a subdivision or
                  combination), or in case of any consolidation or merger of the
                  Corporation with or into another corporation (other than a
                  merger with another corporation in which the Corporation is
                  the surviving corporation and which does not result in any
                  reclassification or change other than a change in par value,
                  or from par value to no par value, or from no par value to par
                  value, or as a result of a subdivision or combination of
                  outstanding Common issuable upon such conversion) the rights
                  of the holders of this Warrant shall be adjusted in the manner
                  described below:

                                    (1)   In the event that the Corporation is
                           the surviving corporation, the Warrant shall, without
                           payment of additional consideration therefor, be
                           deemed modified so as to provide that upon exercise
                           hereof the holder of this Warrant shall procure, in
                           lieu of each share of Common theretofore issuable
                           upon such exercise, the kind and amount of shares of
                           stock, other securities, money and property
                           receivable upon such reclassification, change,
                           consolidation or merger by the holder of each share
                           of Common issuable upon such exercise had such
                           exercise occurred immediately prior to such
                           reclassification, change, consolidation or merger.
                           This Warrant (as adjusted) shall be deemed to provide
                           for further adjustments which shall be as nearly
                           equivalent as may be practicable to the adjustments
                           provided for in this Section 3. The provisions of
                           this clause (1) shall similarly apply to successive
                           reclassifications, changes, consolidations and
                           mergers.

                                    (2)   In the event that the Corporation is
                           not the surviving corporation, the surviving
                           corporation shall, without payment of any additional
                           consideration therefor, issue new Warrants, providing
                           that upon exercise hereof the holder thereof shall
                           procure in lieu of each share of Common theretofore
                           issuable upon exercise of this Warrant the kind and
                           amount of shares of stock, other securities, money
                           and property receivable upon such reclassification,
                           change, consolidation or merger by the holder of each
                           share of Common issuable upon exercise of this
                           Warrant had such exercise occurred immediately prior
                           to such reclassification, change, consolidation or
                           merger. Such new Warrants shall provide for
                           adjustments which shall be as nearly equivalent as
                           may be practicable to the adjustments provided for in
                           this Section 3. The provisions of this clause (2)
                           shall similarly apply to successive
                           reclassifications, changes, consolidations and
                           mergers.

                           (ii)   SUBDIVISION OR COMBINATION OF SHARES. If the
                  Corporation, at any time while any of this Warrant is
                  outstanding, shall subdivide or combine its Common, the
                  Warrant Price shall be proportionately reduced, in case of
                  subdivision of shares, as of the effective date of such
                  subdivision, or if the Corporation shall take a record of
                  holders of its Common for the purpose of a

<PAGE>

                  subdividing, as of such record date, whichever is earlier, or
                  shall be proportionately increased, in the case of combination
                  of shares, as of the effective date of such combination or, if
                  the Corporation shall take a record of holders of its Common
                  for the purpose of so combining, as of such record date,
                  whichever is earlier.

                           (iii)   CERTAIN DIVIDENDS AND DISTRIBUTIONS. If the
                  Corporation, at any time while any of this Warrant is
                  outstanding, shall:

                                    (1)   STOCK DIVIDENDS. Pay a dividend
                           payable in, or make any other distribution of,
                           Common, the Warrant Price shall be adjusted, as of
                           the date the Corporation shall take a record of the
                           holders of its Common for the purpose of receiving
                           such dividend or other distribution (or if no such
                           record is taken, as of the date of such payment or
                           other distribution), to that price determined by
                           multiplying the Warrant Price by a fraction (1) the
                           numerator of which shall be the total number of
                           shares of Common outstanding immediately prior to
                           such dividend or distribution and (2) the denominator
                           of which shall be the total number of shares of
                           Common outstanding immediately after such dividend or
                           distribution (plus in the event that the Corporation
                           paid cash for fractional shares, the number of
                           additional shares which would have been outstanding
                           had the Corporation issued fractional shares in
                           connection with said dividend or distribution); or

                                    (2)   LIQUIDATING DIVIDENDS, ETC. Make a
                           distribution of its property to the holders of its
                           Common as a dividend in liquidation or partial
                           liquidation or by way of return of capital or other
                           than as a dividend payable out of funds legally
                           available for dividends under the laws of the State
                           of Washington (a "Liquidating Dividend"), the
                           Corporation shall provide AFS with written notice of
                           its intent to make such Liquidating Dividend
                           (including the amount and other material terms of the
                           Liquidating Dividend), no less than twenty (20)
                           Business Days prior to the record date for the
                           Liquidating Dividend. Notwithstanding any other
                           provision hereof, if a subscription for shares is to
                           be made in connection with a Liquidating Dividend,
                           such subscription shall be deemed to be conditioned
                           upon the distribution of the Liquidating Dividend in
                           accordance with the terms of the notice thereof
                           provided to AFS by the Corporation, in which case
                           such subscription will not be deemed to be effective
                           until the distribution of the Liquidating Dividend in
                           accordance with the terms of the notice thereof
                           provided to AFS by the Corporation.

                           (iv)   NO DILUTION. The Corporation will not, by
                  amendment of its certificate of incorporation or through
                  reorganization, consolidation, merger, dissolution, sale of
                  assets or any other voluntary action, avoid or seek to avoid
                  the observance or performance of any of the terms of this
                  Warrant, and will at all times in good faith (a) assist in the
                  carrying out of all such terms and (b) refrain from taking
                  actions that would dilute the rights of the holder hereof
                  other than as

<PAGE>

                  a part of good faith financing, business transaction, stock
                  option or stock purchase plan activities of the Corporation
                  which is engaged in by the Corporation solely for legitimate
                  business purposes, none of which purposes may be to dilute the
                  rights of the holder hereof.

                           (v)   OTHER ACTION AFFECTING COMMON. In the event
                  that after the date hereof the Corporation shall take any
                  action affecting its Common in a manner similar to the actions
                  described in any of the foregoing Subsections 3(A)(i) through
                  (iv), inclusive, other than an action described in any of the
                  foregoing Subsections 3(A)(i) through (iv), inclusive, which
                  would have a materially adverse effect upon the exercise
                  rights of the Warrants, the Warrant Price shall be adjusted in
                  such manner and at such time as the Board may in good faith
                  determine to be equitable in the circumstances. In addition,
                  in the event that after the date hereof the Corporation shall
                  take any action affecting its Common, other than an action
                  described in any of the foregoing Subsections 3(A)(i) through
                  (iv), inclusive, which would have a materially adverse effect
                  upon the exercise rights of the Warrants, the Warrant Price
                  shall be adjusted in such manner and at such time as the
                  Corporation adjusts any other warrants, options or similar
                  rights held by any other person or entity.

                           (vi)   ADJUSTMENT OF NUMBER OF SHARES. Upon each
                  adjustment in the Warrant Price pursuant to any provision of
                  this Section 3(A), the number of shares of Common then
                  issuable upon exercise on full of this Warrant shall be
                  adjusted, effective as of such date, to the nearest one
                  hundredth of a whole share, to the product obtained by
                  multiplying the number of shares of Common issuable upon
                  exercise on full of this Warrant immediately prior to such
                  adjustment in the Warrant Price by a fraction, the numerator
                  of which shall be the Warrant Price immediately prior to such
                  adjustment and the denominator of which shall be the Warrant
                  Price immediately thereafter.

                  (B)   Whenever any Warrant Price or the number of shares of
         Common issuable upon exercise on full of this Warrant shall be adjusted
         pursuant to Section 3 hereof, the Corporation shall make a certificate
         signed by its President or a Vice President and by its Treasurer,
         Assistant Treasurer, Secretary or Assistant Secretary, setting forth,
         in reasonable detail, the event requiring the adjustment, the amount of
         the adjustment, the method by which such adjustment was calculated and
         the Warrant Price and the number of shares of Common issuable upon
         exercise on full of this Warrant after giving effect to such
         adjustment, and shall cause copies of such certificate to be mailed (by
         certified mail, return receipt requested and postage prepaid) to the
         holder of this Warrant at its address shown on the books of the
         Corporation. The Corporation shall make such certificate and mail it to
         each holder promptly after each adjustment.

         4.       SHARES TO BE FULLY PAID; RESERVATION OF SHARES. The
Corporation covenants and agrees that all Common issued upon exercise of this
Warrant will, upon issuance, be validly issued, fully paid and nonassessable and
free from preemptive rights and all taxes, liens and charges with respect to the
issuance thereof. The Corporation further covenants and agrees that during the
period within which the rights represented by this Warrant may be exercised, the

<PAGE>

Corporation will at all times have authorized, and reserved for the purpose of
issue upon exercise of the subscription rights evidenced by this Warrant, a
sufficient number of shares of Common to provide for the exercise in full of the
rights represented by this Warrant. Furthermore, and without limiting the
generality of the foregoing, the Corporation covenants and agrees that it will
from time to time take all such action as may be required to assure that the par
value per share of Common is at all times equal to or less than the effective
Warrant Price.

         5.       TRANSFER AND EXCHANGE.

                  (A)   TRANSFER. This Warrant may not be transferred, in whole
         or in part, by AFS without the prior consent of the Corporation;
         provided, however, that AFS may transfer this Warrant, in whole or in
         part, to any Affiliate of AFS, any assignee of AFS's rights under the
         Business Agreement or to any successor to, or purchaser or assignee of,
         all or substantially all of the business of AFS. Any permitted transfer
         of this Warrant and all rights hereunder, in whole or in part, is
         registrable on the books of the Corporation by the holder hereof in
         person or by his duly authorized attorney, upon presentation of the
         Assignment Form attached hereto duly executed at the principal office
         of the Corporation. Each holder of any portion of this Warrant, by
         holding the same, consents and agrees that the transferee thereof, when
         such portion of this Warrant shall have been transferred on the books
         of the Corporation as provided in this Section 5(A), may be treated by
         the Corporation and all other persons dealing with this Warrant as the
         absolute owner and holder of such portion hereof for any purpose and as
         the person entitled to exercise the rights represented by such portion
         of this Warrant, or to the registration of transfer of such portion on
         the books of the Corporation; and until due presentment for
         registration of transfer on such books the Corporation may treat the
         registered holder of such portion as the owner and holder for all
         purposes, and the Corporation shall not be affected by notice to the
         contrary. Upon any transfer of this Warrant (or any portion hereof) as
         provided above, at the request of AFS (i) a new Warrant representing
         the number of shares so transferred shall be delivered to the
         transferee hereof within a reasonable time, not exceeding five (5)
         Business Days, after presentation of the Assignment Form, and (ii) in
         the event the Warrant has not been transferred in full, then
         simultaneously with the holder's surrender of this Warrant, a new
         Warrant representing the number of shares with respect to which this
         Warrant shall not then have been transferred shall be delivered to the
         holder hereof.

                  (B)   SECURITIES LAW RESTRICTIONS. The holder of this Warrant,
         by acceptance hereof, understands that the Warrant and Common issuable
         upon exercise hereof (collectively, "Warrant Securities") are
         characterized as "restricted securities" under the federal securities
         laws inasmuch as they are being or will be acquired from the
         Corporation in a transaction not involving a public offering and that
         under such laws and applicable regulations neither this Warrant nor the
         shares of Common issuable upon its exercise may be transferred,
         assigned or sold (except pursuant to an effective registration
         statement under the Securities Act) without first delivering to the
         Corporation an opinion of counsel (reasonably acceptable in form and
         substance to the Corporation) that neither registration nor
         qualification under the Securities Act and applicable state securities
         laws is required in connection with such transfer, assignment or sale.

<PAGE>

                  (C)   REGISTER. The Corporation shall maintain, at the
         principal office of the Corporation, a register for this Warrant, in
         which the Corporation shall record the name and address of the person
         in whose name this Warrant has been issued, as well as the name and
         address of each transferee and each prior owner of such Warrant. Within
         ten (10) calendar days after any holder of Warrants shall by notice
         request the same, the Corporation will deliver to such holder a
         certificate, signed by one of its officers, listing the name and
         address of every other holder of Warrants and/or Common issued upon
         exercise of a Warrant, as such information appears in said register and
         in the stock transfer books of the Corporation at the close of business
         on the day before such certificate is signed.

                  (D)   WARRANTS EXCHANGEABLE FOR DIFFERENT DENOMINATIONS. This
         Warrant is exchangeable, upon the surrender hereof by the holder hereof
         at the principal office of the Corporation, for new Warrants of like
         tenor representing in the aggregate the right to subscribe for and
         purchase the number of shares which may be subscribed for and purchased
         hereunder, each of such new Warrants to represent the right to
         subscribe for and purchase such number of shares as shall be designated
         by said holder hereof at the time of such surrender.

                  (E)   CANCELLATION; PAYMENT OF EXPENSES. Upon the surrender of
         this Warrant in connection with any exchange, transfer or replacement,
         this Warrant shall be promptly cancelled by the Corporation. The
         Corporation shall pay all taxes (other than securities transfer taxes)
         and all other expenses and charges payable in connection with the
         preparation, execution and delivery of Warrants.

                  (F)   LOSS OR MUTILATION. Upon receipt by the Corporation of
         evidence satisfactory to it of the ownership of, and the loss, theft,
         destruction or mutilation of, this Warrant and (in the case of loss,
         theft or destruction) of indemnity satisfactory to it, and (in the case
         of mutilation) upon surrender and cancellation hereof, the Corporation
         will execute and deliver in lieu hereof a new Warrant.

         6.       NOTICES. All notices, demands or other communications to be
given or delivered under or by reason of the provisions of this Agreement will
be in writing and will be deemed to have been given when delivered personally to
the recipient, one (1) Business Day after the date when sent to the recipient by
reputable overnight express courier service (charges prepaid and with evidence
of delivery) or five (5) Business Days after the date when mailed to the
recipient by certified or registered mail, return receipt requested and postage
prepaid. Such notices, demands and other communications will be sent, if to a
Warrant holder, at such Warrant holder's address as shown on the books of the
Corporation, and if to the Corporation at:

                        The Cobalt Group, Inc.
                        2200 First Avenue South
                        Seattle, Washington 98134
                        Attn:  President

or to such other address or to the attention of such other person or entity as
the recipient party has specified by prior written notice to the sending party.

<PAGE>

         7.       GOVERNING LAW. This Warrant shall be construed in accordance
with and governed by the laws of the State of New York without regard to the
principles of conflicts of laws.

         8.       REMEDIES. The Corporation stipulates that the remedies at law
of the holder of this Warrant in the event of any default or threatened default
by the Corporation in the performance of or compliance with any of the terms of
this Warrant are not and will not be adequate, and that such terms may be
specifically enforced by a decree for the specific performance of any agreement
contained herein or by an injunction against a violation of any of the terms
hereof or otherwise.

         9.       MISCELLANEOUS.

                  (A)   AMENDMENTS. The Warrants and any provision hereof may
         be amended or waived only by an instrument in writing signed by the
         Majority Holders, and, if it is to be bound thereby, by the
         Corporation.

                  (B)   DESCRIPTIVE HEADINGS. The descriptive headings of the
         several paragraphs of this Warrant are inserted for purposes of
         reference only, and shall not affect the meaning or construction of any
         of the provisions hereof.

         10.      DEFINITIONS. For the purposes of this Warrant the following
terms have the following meanings:

         "Affiliate" of an entity shall mean any entity which, directly or
indirectly, is controlled by, controls or is under common control with such
entity. As used in this definition, "control" (including, with its correlative
meanings "controlled by" and "under common control with") means the possession
directly or indirectly, of power to direct or cause the direction of the
management and policies of an entity, whether through the ownership of voting
securities, by contract or otherwise.

         "Board" shall mean the Board of Directors of the Corporation.

         "Business Agreement" shall mean that certain Business Agreement, dated
August 18, 2000, by and between the Corporation and AFS.

         "Business Day" shall mean any day other than a Saturday, Sunday,
federal holiday or holiday in the State of Illinois or the State of Washington.

         "Common" shall mean the Corporation's Common Stock, $.01 par value per
share, and any stock into which such stock may hereafter be changed.

         "Majority Holders" shall mean, at any specific time, the holders of
Warrants representing the right to purchase a majority of the number of shares
of Common which are still exercisable at such time upon full exercise of all
then outstanding Warrants.

<PAGE>

         "Securities Act" shall mean the Securities Act of 1933, as amended
prior to or after the date hereof, or any federal statute or statutes which
shall be enacted to take the place of such Act, together with all rules and
regulations promulgated thereunder.

         "Stock" shall include any and all shares, interests or other
equivalents (however designated) of, or participations in, corporate stock.

         "Warrants" shall mean this Warrant, any Warrants issued in substitution
or replacement hereof and any Warrants issued to any transferee or assignee of
all or any portion of this Warrant.

         "Warrant Price" shall mean $6.50, subject to adjustment pursuant to the
provisions of Section 3 hereof.

                            (SIGNATURE ON NEXT PAGE)

<PAGE>

Dated: _________, 2000

THE COBALT GROUP, INC.

By: /s/ David S. Snyder
   ----------------------------------
Name: David S. Snyder
     --------------------------------
Title: Executive Vice President & CFO
      -------------------------------

                           SIGNATURE PAGE TO WARRANT<PAGE>

                  MOTORPLACE VEHICLE NETWORK BUSINESS AGREEMENT

This Motorplace Vehicle Network Business Agreement (this "AGREEMENT") is
effective as of August 18, 2000 (the "EFFECTIVE DATE"), by and between The
Cobalt Group, Inc., a Washington corporation ("COBALT") with offices located at
2200 First Avenue South, Seattle, WA 98134-1408, and General Electric Capital
Auto Financial Services, Inc., a Delaware corporation ("GE CAPITAL") with
offices located at 540 W. Northwest Highway, Barrington, IL 60010 (each of
Cobalt and GE Capital shall be referred to individually as a "PARTY" and
together as the "PARTIES").

                                    RECITALS

         WHEREAS, Cobalt provides Internet marketing services to, and collects
data from, automotive dealers and operates the MotorPlace.com
business-to-business automotive Internet portal currently located on the World
Wide Web portion of the Internet at www.motorplace.com ("MOTORPLACE"); and

         WHEREAS, GE Capital is a large independent automobile lessor, has
relationships with automobile manufacturers ("OEMS") and providers of automotive
finance services, and owns certain software that enables the wholesale purchase
and sale of Automobiles (as defined in Section 1.8 below); and

         WHEREAS, GE Capital seeks access to MotorPlace and Cobalt's Internet
infrastructure, OEM relationships and network of automotive dealers; and

         WHEREAS, Cobalt seeks access to GE Capital's inventory of Automobiles,
a non-exclusive license to enhance certain GE Capital software and GE Capital's
wholesale Automobile remarketing and fulfillment expertise; and

         WHEREAS, GE Capital and Cobalt desire to enter into an arrangement
under which Cobalt and GE Capital will develop, operate and market an
Internet-based wholesale Automobile listing and purchasing system for automobile
dealers and lessors in the United States and Canada that will be available in
MotorPlace and on a stand-alone, private label basis for OEMs and automobile
dealers and lessors.

         NOW, THEREFORE, in consideration of the promises, terms and conditions
contained herein, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged by the parties, Cobalt and GE
Capital agree as follows:

1. DEFINITIONS

         1.1   "AAA" shall have the meaning set forth in Section 12.22.1.

         1.2   "ACTION" shall have the meaning set forth in Section 12.5.2.

         1.3   An "AFFILIATE" of an entity shall mean any entity which, directly
or indirectly, is controlled by, controls or is under common control with such
entity. As

<PAGE>

used in this definition, "control" (including, with its correlative
meanings "controlled by" and "under common control with") means the possession,
directly or indirectly, of power to direct or cause the direction of the
management and policies of an entity, whether through the ownership of voting
securities, by contract or otherwise.

         1.4   "AGREEMENT" shall have the meaning set forth in the Preamble.

         1.4.5 "ALTERNATIVE PAYMENT AMOUNT" shall mean an amount calculated in
the same manner as the Change of Control Payment except that, for these
purposes, all references to the Change of Control Payment Date contained in
Section 1.13 shall be references to the effective date of termination of this
Agreement.

         1.5   "APPRAISAL DATE" shall mean, as appropriate, (a) the date that
either Party gives notice of its intent not to renew this Agreement for any
Renewal Period pursuant to Section 10.1, or (b) the date either Party gives
notice of its intent to terminate this Agreement.

         1.6   "AUDIT" shall have the meaning set forth in Section 12.4.

         1.7   Intentionally Omitted

         1.8   "AUTOMOBILE" shall mean any (i) passenger motor vehicle, (ii)
truck not exceeding one ton in capacity, (iii) sport utility vehicle, or (iv)
van intended for non-commercial use.

         1.9   "BANKRUPTCY LAW" See Section 1.51.

         1.10  "BREACHING PARTY" shall have the meaning set forth in Section
10.2.

         1.11  "BUSINESS DAY" shall mean any day other than a Saturday, Sunday,
federal holiday or holiday in the State of Illinois or the State of Washington.

         1.12  "CHANGE OF CONTROL" shall mean, with respect to a Party, (a)
any sale, issuance, exchange and/or other transfer or series of sales,
issuances, exchanges and/or other transfers of shares of capital stock
thereof that results in any person or entity or group of affiliated persons
or entities (other than Warburg, Pincus Equity Partners, LP, First Analysis
Corp. or any of their respective Affiliates) owning capital stock possessing
the voting power (under ordinary circumstances) to elect a majority of such
Party's board of directors if such person, group or entity did not have such
power before such issuance, exchange or transfer, or (b) any sale of all or a
majority of the assets of such Party.

         1.13  "CHANGE OF CONTROL PAYMENT" shall mean the amount determined
as follows. For each Measuring Period ending on or before the Change of
Control Payment Date, the Future Value Revenues for such Measuring Period and
the Future Value Expenses for such Measuring Period shall be calculated. The
positive remainder, if any, obtained by subtracting the sum of the Future
Value Revenues so calculated from the sum of the Future Value Expenses so
calculated shall be the Change of Control Payment.

<PAGE>

Eamples of such calculations are set forth in EXHIBIT I. For purposes of this
Section 1.13, the following definitions shall apply:

               1.13.1 The "FUTURE VALUE EXPENSES" for any Measuring Period
         shall equal the result of the following formula:

                                                    MPE*(1.25)(n)

         where MPE is the Measuring Period Expenses for such Measuring Period
         and n is the Measuring Period Exponent for such Measuring Period.

               1.13.2 The "FUTURE VALUE REVENUES" for any Measuring Period
         shall equal the result of the following formula:

                                                    MPR*(1.25)(n)

         where MPR is the Measuring Period Revenues for such Measuring Period
         and n is the Measuring Period Exponent for such Measuring Period.

               1.13.3 The "MEASURING PERIOD EXPENSES" for any Measuring
         Period shall mean the aggregate of all Expenses actually paid (and the
         Expenses payable if such Measuring Period is the Measuring Period which
         ends on the Change of Control Payment Date) by GE Capital during such
         Measuring Period.

               1.13.4 The "MEASURING PERIOD EXPONENT" for (1) a specific
         Measuring Period that is not the Measuring Period which ends on the
         Change of Control Payment Date shall equal the sum of (a) a number, but
         no less than zero, equal to the number of Measuring Periods which
         consist of twelve months which commence with such Measuring Period
         minus five tenths (0.5), plus (b) a fraction (expressed as a decimal),
         the numerator of which is the number of days which constitute the
         Measuring Period which ends on the Change of Control Payment Date, and
         the denominator of which is three hundred sixty-five (365); provided,
         however, that if the Measuring Period which ends on the Change of
         Control Payment Date consists of twelve (12) months, the fraction
         provided for in clause (1)(b) of this Section 1.13.4 shall be zero, and
         (2) a specific Measuring Period that is the Measuring Period which ends
         on the Change of Control Payment Date shall equal a fraction (expressed
         as a decimal), the numerator of which is one-half (1/2) the number of
         days which constitute the Measuring Period which ends on the Change of
         Control Payment Date, and the denominator of which is three hundred
         sixty-five (365).

               1.13.5 The "MEASURING PERIOD REVENUES" for any Measuring
         Period shall mean the aggregate of all Revenues actually received (and
         the Revenue receivable if such Measuring Period is the Measuring Period
         which ends on the Change of Control Payment Date) by GE Capital during
         such Measuring Period.

               1.13.6 The period beginning with the Effective Date and ending
         on the earlier of (i) twelve months thereafter, or (ii) the Change of
         Control Payment Date

<PAGE>

         shall be referred to as the "INITIAL MEASURING PERIOD," and each of
         the periods during the Term beginning on each annual anniversary of
         the Effective Date and ending on the earlier of (i) twelve months
         thereafter, or (ii) the Change of Control Payment Date shall be
         referred to as a "SUBSEQUENT MEASURING PERIOD." The "MEASURING
         PERIODS" shall mean, collectively, the Initial Measuring Period and
         each of the Subsequent Measuring Periods, and a "MEASURING PERIOD"
         shall mean any one of the Measuring Periods.

         1.14  "CHANGE OF CONTROL PAYMENT DATE" shall mean the effective date of
termination of this Agreement pursuant to Section 10.3.3.

         1.15  "COBALT" shall have the meaning set forth in the Preamble.

         1.16  "COBALT COMMON" shall mean the common stock, $0.01 par value
per share, of Cobalt.

         1.17  "COBALT MEMBER" shall have the meaning set forth in Section 4.1.

         1.18  "COBALT SHARE" shall mean, at any specific time, an amount equal
to the Mowven FMV multiplied by the remainder obtained by subtracting the
Cumulative Expense Share at such time from 100%.

         1.19  "COBALT SITES" shall have the meaning set forth in Section 7.2.1.

         1.20  "COBALT VALUATION AMOUNT" shall mean the average closing price of
publicly-traded Cobalt Common during the twenty (20) trading days immediately
preceding the Appraisal Date as reported by the NASDAQ National Market or other
national securities exchange or market on which the Cobalt Common is then listed
or traded. If the Cobalt Common is not then so listed or traded, the Cobalt
Valuation Amount shall be either (a) any valuation of the Cobalt Common prepared
by a Person independent from Cobalt no earlier than ninety (90) calendar days
prior to the Appraisal Date which valuation is of a type routinely obtained and
used by the Board of Directors of Cobalt for valuing the Cobalt Common for other
than internal uses of Cobalt, or (b) if no valuation meeting the requirements of
clause (a) exists, as agreed upon by Cobalt and GE Capital; provided, however,
that if Cobalt and GE Capital cannot so agree on the Cobalt Valuation Amount,
then Cobalt and GE Capital shall each select an investment banking firm of
national reputation to determine the Cobalt Valuation Amount and the Cobalt
Valuation Amount shall be the average of the determinations made by such
investment banking firms. Cobalt shall make available any such books and records
as any of the investment banking firms involved in the valuation process
described above may reasonably require in order to determine the Cobalt
Valuation Amount. The cost of any determinations performed pursuant to this
Section 1.20 shall be paid one-half by Cobalt and one-half by GE Capital. In
determining the Cobalt Valuation Amount , each investment banking firm shall
consider the cash price that a sophisticated and willing purchaser would pay on
the effective date of the determination for a share of Cobalt Common, with
appropriate discounts applied related to the fact that such share of Cobalt
Common represents a minority interest in Cobalt, may not be registered pursuant
to the

<PAGE>

Securities Act of 1933 and is not then listed or traded on the NASDAQ
National Market or any other national securities exchange or market.

         1.21  "COBALT VALUATION NOTICE" shall have the meaning set forth
in Section 10.6.2.

         1.22  ***confidential treatment requested***

         1.23  "CONFIDENTIAL INFORMATION" shall mean (a) any proprietary
information contained in any documents disclosed by one Party to the other
Party or that is marked or otherwise identified as confidential, (b) the
terms of this Agreement, and (c) any information disclosed by one Party to
the other Party that constitutes a trade secret as defined in the Illinois
Trade Secret Act; provided, however, that any disclosure by one Party to the
other Party of information that constitutes a trade secret as defined in the
Illinois Trade Secret Act shall not be (i) deemed to make such information
"generally known to other persons who can obtain economic value from its
disclosure or use," nor (ii) construed as a waiver or impairment of the
disclosing Party's efforts to maintain the secrecy or confidentiality of such
information.

         1.24  "CUMULATIVE EXPENSE SHARE" shall mean, as of any date, that
portion of the total Expenses incurred through such date by GE Capital and
Cobalt (expressed as a percentage) that have been incurred through such date
by GE Capital.

         1.25  "CUSTODIAN" see Section 1.51.

         1.26  "DELIVERABLES" shall mean the specified portions of the Mowven
infrastructure, Enhancements and/or other deliverables to be developed by either
or both of the Parties, or by an independent contractor pursuant to a written
agreement with either or both of the Parties, at a specified time as set forth
in detail in the Operating Plan.

         1.27  "DISPUTE NOTICE" shall have the meaning set forth in Section
12.22.1.

         1.28  "EBITDA" shall mean earnings before interest, taxes,
depreciation and amortization, determined in accordance with GAAP.

         1.29  "EFFECTIVE DATE" shall have the meaning set forth in the
Preamble.

         1.30  "ELECTION NOTICE" shall have the meaning set forth in Section
10.7.1.

         1.31  "ENHANCEMENTS" shall mean MTS Version 1.0 as enhanced and
funded pursuant to this Agreement and in accordance with the License,
including (i) all changes or additions to, and all modifications or
variations of, MTS Version 1.0, including any updates, upgrades, interfaces
and revisions thereof, and (ii) all derivative works based on GEAutoDirect.
Notwithstanding the foregoing, except as provided in Section 11.8, MTS
Version 1.0 as it exists prior to its being modified shall not be deemed to
be part of the Enhancements.

<PAGE>

         1.32  "EXPENSE BUDGET" shall mean, with respect to any Period, the
expense budget developed by the Parties as part of the Operating Plan for
such Period, as the same may be amended pursuant to Section 3.2.

         1.33  "EXPENSE SHARE" shall mean, as of any date, that portion of
the Expenses for any Period (expressed as a percentage) for which GE Capital
is liable. ***confidential treatment requested***

         1.34  "EXPENSES" shall mean all expenses, whether direct or indirect
and whether or not capitalized, that are (a) authorized to be incurred by the
Steering Committee in connection with an Expense Budget and not in violation
of any term or provision of this Agreement, and (b) incurred by the Parties
to develop, operate and market Mowven, including without limitation the
expenses incurred in developing MTS Version 1.0 and the Enhancements and in
developing and operating the option in Mowven that will permit Cobalt to
subcontract with GE Capital as the provider of Fulfillment Services;
provided, however, that any expenses incurred by GE Capital in providing
Fulfillment Services shall not be deemed Expenses hereunder. Without limiting
the foregoing, Expenses shall include (i) in connection with the employees of
Cobalt and GE Capital, as the case may be, who will provide services to
Mowven during any Period as contemplated by the Expense Budget for such
Period, the pro-rata share (based upon the percentage of time during the
applicable Period that they devote to Mowven, on the one hand, and to other
matters for their respective employers, on the other hand) of the wages and
payroll taxes of such employees, and (ii) any other allocated costs agreed to
by the Parties in the Expense Budget for such Period. Notwithstanding the
foregoing, unless the Parties agree otherwise as part of an Operating Plan,
Expenses shall not include any expenses associated with the granting to, or
exercise by, any employee of Cobalt of any options, warrants or similar
rights to acquire Cobalt Common, or any other security issued or issuable by
Cobalt, Newco or any other person or entity, other than options to acquire up
to an aggregate of sixty thousand (60,000) shares of Cobalt Common to be
issued to the initial Mowven Manager at the time that the initial Mowven
Manager is first hired for such position so long as such options vest no
sooner than twenty-five percent (25%) after the first (1st) year of service
as the Mowven Manager and the remaining seventy-five percent (75%) in equal
monthly installments during the second (2nd), third (3rd) and fourth (4th)
years of such service, it being acknowledged that the expenses associated
with such options granted to the initial Mowven Manager shall be recognized
as Expenses only at the time that such options are actually exercised;
provided, however, that to the extent that any such options are vested (in
accordance with the vesting schedule contained in such option) but not
exercised as of the effective date of termination or expiration of this
Agreement, then (i) the positive remainder, if any, obtained by subtracting
(a) the weighted average exercise price per share of such options from (b)
the Cobalt Valuation Amount (except that, for such purposes, all references
to the Appraisal Date contained in Section 1.20 shall be references to the
effective date of termination or expiration of this Agreement), multiplied by
(ii) the number of shares of Cobalt Common subject to such options, shall be
deemed to be Expenses as of the effective date of termination or expiration
of this Agreement.

<PAGE>

         1.35  "FORCE MAJEURE EVENT" shall have the meaning set forth in
Section 12.9.

         1.36  "FULFILLMENT SERVICES" shall mean the Management Services (as
that term is defined in the Fulfillment Services Agreement attached hereto as
EXHIBIT C).

         1.37  "FULLY DILUTED BASIS" shall mean taking into account the
number of shares and other ownership interests issuable upon exercise of
outstanding warrants, options or other rights to acquire shares or other
ownership interests (and regardless of whether such rights are vested) and
conversion or issuance of all securities that may be converted into or
exchanged for shares or other ownership interests.

         1.38  "GAAP" shall mean generally accepted accounting principles,
consistently applied.

         1.39  "GEAUTODIRECT" means the software being licensed to Cobalt
pursuant to the License.

         1.40  "GE CAPITAL" shall have the meaning set forth in the Preamble.

         1.41  "GE CAPITAL MEMBER" shall have the meaning set forth in
Section 4.1.

         1.42  "GE CAPITAL SHARE" shall mean, at any specific time, an amount
equal to the Mowven FMV multiplied by the Cumulative Expense Share at such
time.

         1.43  "GE CAPITAL VALUATION NOTICE" shall have the meaning set forth
in Section 10.6.1.

         1.44  "HIGH BIDDER" shall have the meaning set forth in Section
3.3.2.2.

         1.45  "INDEMNIFIED PARTY" shall have the meaning set forth in
Section 12.5.2.

         1.46  "INDEMNIFYING PARTY" shall have the meaning set forth in
Section 12.5.2.

         1.47  "INDEPENDENT ACCOUNTANT" shall mean Arthur Andersen unless
such firm is then the auditor of either Party or declines such engagement, in
which case it shall mean the next firm, selected alphabetically in descending
order commencing with A, which is a "Big Five" accounting firm that is not
then the auditor of either Party and does not decline such engagement, in
each case utilizing partners that have not represented and have no
relationship with either Party.

         1.48  "INDEPENDENT AUDIT" shall have the meaning set forth in
Section 12.4.2.

         1.49  "INITIAL PERIOD" shall have the meaning set forth in Section
3.1.

         1.50  "INITIAL TERM" shall have the meaning set forth in Section
10.1.

         1.51 "INSOLVENCY EVENT" means any Party, pursuant to or within the
meaning of Title 11, U.S. Code or any similar federal, state or foreign law
for the relief of debtors (a "BANKRUPTCY LAW"): (i) admitting in writing its
inability to pay its debts generally as

<PAGE>

they become due, (ii) commencing a voluntary case or proceeding, (iii)
consenting to the entry of an order for relief against it in an involuntary
case or proceeding, (iv) consenting or acquiescing in the institution of a
bankruptcy or insolvency proceeding against it, (v) consenting to the
appointment of a receiver, trustee, assignee, liquidator, sequestrator or
similar official under any Bankruptcy Law (a "CUSTODIAN") of it or for all or
substantially all of its property, (vi) making a general assignment for the
benefit of its creditors, (vii) taking any action to authorize or effect any
of the actions described in clauses (i) through (vi) above, or (viii) a court
of competent jurisdiction entering an order or decree under any Bankruptcy
Law that: (1) is for relief in an involuntary case or proceeding, (2)
appoints a Custodian of all or substantially all of its property, or (3)
orders its liquidation, in each case which is not discharged within sixty
(60) calendar days after the commencement of such case or proceeding.

         1.52  "INTELLECTUAL PROPERTY RIGHTS" means all tangible or
intangible, now known or hereafter existing, (a) rights associated with works
of authorship, including but not limited to all exclusive exploitation
rights, copyrights, neighboring rights, and moral rights, (b) trademark,
service mark and trade name rights and similar rights, (c) trade secret
rights, (d) patents, designs, algorithms and other industrial property
rights, (e) all other proprietary rights of every kind and nature, however
designated (including without limitation logos, character rights, "RENTAL"
rights and rights to remuneration), whether arising by operation of law,
contract, license or otherwise, and (f) all registrations, applications,
renewals, extensions, continuations, divisions or reissues of any of the
foregoing now or hereafter in force.

         1.53  "INTERNAL AUDIT" shall have the meaning set forth in Section
12.4.1.

         1.54  "LIABILITIES" shall have the meaning set forth in Section
12.5.1.

         1.55  "LIBOR RATE" shall mean a rate per annum equal to the offered
rate for deposits in Dollars for a thirty (30) calendar day period which
appears on Telerate Page 3750 as of 11:00 A.M. (London time).

         1.56  "LICENSE" shall have the meaning set forth in Section 5.

         1.57  "LIQUIDITY OFFERING" shall have the meaning set forth in
Section 10.7.1.2

         1.58  "LOW BIDDER" shall have the meaning set forth in Section
3.3.2.1.

         1.59  "MARKS" shall have the meaning set forth in Section 12.1.

         1.60  "MONTHLY RECONCILIATION REPORT" shall have the meaning set
forth in Section 3.6.

         1.61  "MOTORPLACE" shall have the meaning set forth in the Recitals.

         1.62  "MOTORPLACE FRAMEWORK" shall mean the accessibility to Mowven
through MotorPlace.

<PAGE>

         1.63  "MOWVEN" shall mean the Internet-based wholesale Automobile
listing and purchasing system for OEMs, automobile dealers and lessors that
Cobalt and GE Capital will develop, operate and market pursuant to this
Agreement, whether located in MotorPlace or offered as a Private Label
Service, including without limitation all activities related to wholesale
Automobile listings which generate revenue, whether or not those revenues and
activities are listed in the Revenue Model attached hereto as EXHIBIT A. From
time to time, Mowven is also referred to in this Agreement as "MOTORPLACE
AUTO EXCHANGE."

         1.64  "MOWVEN CUSTOMERS" shall mean purchasers and sellers of
Automobiles who use Mowven to enable such sale or purchase.

         1.65  "MOWVEN FMV" shall mean the fair market value (defined as the
cash price a sophisticated and willing buyer would pay to a sophisticated
willing seller in a non-distress negotiated private sale in the ordinary
course of business) of Mowven (taking into account (x) the non-exclusive
right of Mowven to use the Enhancements, and (y) the exclusive relationship
of Mowven within Motorplace.com) as of the Appraisal Date. In the event GE
Capital and Cobalt cannot agree on the Mowven FMV within thirty (30) calendar
days after the Appraisal Date, the Parties shall submit the determination of
the Mowven FMV to one or more appraisers pursuant to the methodology
described in Section 10.6.

         1.66  "MOWVEN MANAGER" shall have the meaning set forth in Section
4.5.

         1.67  "MOWVEN TRANSACTION SYSTEM" shall mean GEAutoDirect, MTS
Version 1.0 and the Enhancements including, without limitation, the
functionalities for interfacing with multiple sellers, buyer authentication
and registration, provision of fulfillment services and transaction
accounting; provided, however, that the Mowven Transaction System shall not
include any portions of MTS Version 1.0 or of the Enhancements that are part
of Cobalt's dealer website or retail vehicle database infrastructure.

         1.68  "MOWVEN TRANSACTION SYSTEM PROBLEMS" shall have the meaning
set forth in Section 7.3.1.

         1.69  "MPP" shall have the meaning set forth in Section 6.1.

         1.70  "MTS VERSION 1.0" shall mean GEAutoDirect as it has been
modified at such time as the Phase described as Version 1.0 in Section I of
the MPP is reached.

         1.71  "MTS VERSION 2.0" shall mean the Enhancements as they exist
when the Phase described as Version 2.0 QA & Test in Section I of the MPP has
been substantially completed.

         1.72  "NEWCO" shall have the meaning set forth in Section 10.7.

         1.73  "NEWCO STOCK" shall have the meaning set forth in Section 10.7.

<PAGE>

         1.73.5 "NON-MOWVEN REVENUE" shall mean any revenues received by
Cobalt for the provision of services or products of Cobalt which are not
services or products of Mowven.

         1.74   "OEM" shall have the meaning set forth in the Recitals.

         1.75   "OFFER NOTICE" shall have the meaning set forth in Section
11.6.3.1.

         1.76   "OPERATING PLAN" shall have the meaning set forth in Section
3.1.

         1.77   "PARTY" and "PARTIES" shall have the meanings set forth in
the Preamble.

         1.78   "PAYMENT ALTERNATIVE A" shall mean a mix of cash, original
principal balance of Promissory Note and percentage of Newco Stock determined
by GE Capital, in its sole discretion pursuant to either Option A-1 or Option
A-2 set forth below.

                1.78.1   Pursuant to Option A-1, GE Capital may select in the
         Election Notice (a) an amount of cash no greater than $7,500,000, and
         (b) a Promissory Note with an original principal balance no greater
         than the greater of $10,000,000 or six and one-half (6.5) times the
         EBITDA of Mowven during the twelve month period ending on the
         Appraisal Date.  If GE Capital selects Option A-1, then the actual
         payment of the GE Capital Share shall be made by Cobalt, assuming that
         the GE Capital Share will be paid in accordance with Payment
         Alternative A pursuant to Section 10.7.1, and will include (i) an
         amount of cash no less than the amount selected by GE Capital in the
         Election Notice, (ii) a Promissory Note with an original principal
         balance no less than the amount selected by GE Capital in the Election
         Notice, and (iii) a percentage of all of the Newco Stock, on a Fully
         Diluted Basis as of the consummation of the Qualified Public Offering,
         equal to the result obtained by dividing (1) the remainder obtained by
         subtracting from the GE Capital Share the sum of (x) the amount of
         cash pursuant to clause (i) above, plus (y) the original principal
         amount of the Promissory Note pursuant to clause (ii) above, by (2)
         the Mowven FMV.

                1.78.2   Pursuant to Option A-2, GE Capital may select in the
         Election Notice (a) an amount of cash no greater than $7,500,000, and
         (b) a percentage (up to and including 100%) of the remainder of the
         GE Capital Share after subtracting the cash selected pursuant to
         clause (a) in Newco Stock. If GE Capital selects  Option A-2, then the
         actual payment of the GE Capital Share shall be made by Cobalt,
         assuming that the GE Capital Share will be paid in accordance with
         Payment Alternative A pursuant to Section 10.7.1, and will include
         (i) an amount of cash equal to the amount selected by GE Capital in
         the Election Notice, (ii) a percentage of all of the Newco Stock, on
         a Fully Diluted Basis as of the consummation of the Qualified Public
         Offering, no less than (A) the percentage of Newco Stock selected by
         GE Capital in the Election Notice, multiplied by (B) the result
         obtained by dividing (1) the remainder obtained by subtracting from
         the GE Capital Share the amount of cash pursuant to clause (i) above,
         by (2) the Mowven FMV, and (iii) cash in an amount, a Promissory
         Note with an original principal

<PAGE>

         balance or a combination of cash in an amount and a Promissory Note
         with an original principal balance, equal to (I) the GE Capital
         Share, minus (II) the sum of (X) the amount of cash pursuant to
         clause (i) above, and (Y) the percentage of Newco Stock pursuant to
         clause (ii) above multiplied by the Mowven FMV.

         1.79 "PAYMENT ALTERNATIVE B" shall mean a mix of cash, original
principal balance of Promissory Note and shares of Cobalt Common determined
by GE Capital, in its sole discretion pursuant to either Option B-1 or Option
B-2 set forth below.

              1.79.1   Pursuant to Option B-1, GE Capital may select in the
         Election Notice or Payment Alternative B Notice(a) an amount of cash
         no greater than $7,500,000, and (b) a Promissory Note with an
         original principal balance no greater than the greater of
         $10,000,000 or six and one-half (6.5) times the EBITDA of Mowven
         during the twelve month period ending on the Appraisal Date.  If GE
         Capital selects Option B-1, then the actual payment of the GE
         Capital Share shall be made by Cobalt, assuming that the GE Capital
         Share will not be paid in accordance with Payment Alternative A
         pursuant to Section 10.7.1, and will include (i) an amount of cash
         no less than the amount selected by GE Capital in the Election
         Notice or Payment Alternative B Notice, (ii) a Promissory Note with
         an original principal balance no less than the amount selected by GE
         Capital in the Election Notice or Payment Alternative B Notice, and
         (iii) an amount of Cobalt Common, valued at the Cobalt Valuation
         Amount, equal to the remainder obtained by subtracting from the GE
         Capital Share the sum of (x) the amount of cash pursuant to clause
         (i) above, plus (y) the original principal amount of the Promissory
         Note pursuant to clause (ii) above.

              1.79.2   Pursuant to Option B-2, GE Capital may select in the
         Election Notice or Payment Alternative B Notice (a) an amount of
         cash no greater than $7,500,000, and (b) an amount of Cobalt Common,
         valued at the Cobalt Valuation Amount, equal in value to no more
         than 25% of the GE Capital Share.  If GE Capital selects Option B-2,
         then the actual payment of the GE Capital Share shall be made by
         Cobalt, assuming that the GE Capital Share will not be paid in
         accordance with Payment Alternative A pursuant to Section 10.7.1,
         and will include (i) an amount of cash no less than the amount
         selected by GE Capital in the Election Notice or Payment B
         Alternative Notice, (ii) an amount of Cobalt Common, valued at the
         Cobalt Valuation Amount, no less than the amount selected by GE
         Capital in the Election Notice or Payment B Alternative Notice, and
         (iii) a Promissory Note with an original principal balance equal to
         (I) the GE Capital Share, minus (II) the sum of (X) the amount of
         cash pursuant to clause (i) above, and (Y) the value of the Cobalt
         Common, valued at the Cobalt Valuation Amount, pursuant to clause
         (ii) above.

         1.80  "PAYMENT ALTERNATIVE B NOTICE" shall have the meaning set forth
in Section 10.7.2.

         1.81  "PERIOD" shall have the meaning set forth in Section 3.1.

<PAGE>

         1.82  "PRIVATE LABEL SERVICE" shall mean all Internet-based,
wholesale Automobile listing and purchasing systems that Cobalt makes
available to GE Capital or markets to third parties such as OEMs and
automobile dealers and lessors for use by GE Capital or such third parties,
as the case may be, as a private label, Internet-based, wholesale Automobile
listing and purchasing system, which system may include all or less than all
of the features included and/or Automobiles listed in Mowven as made
available on MotorPlace.

         1.83  "PROMISSORY NOTE" shall mean a promissory note in the form of
EXHIBIT N attached hereto which provides for a term of five years from the
date of its issuance, an interest rate equal to 425 basis points in excess of
the LIBOR Rate in effect from time to time (but reset only on a monthly
basis), quarterly interest payments only during the first year after issuance
and quarterly payments of interest and principal (based on a 4 year
amortization commencing on the first anniversary of the issuance date)
thereafter.

         1.84  "QUALIFIED PUBLIC OFFERING" shall mean the effectiveness of a
registration statement under the Securities Act of 1933 covering some or all
of the Newco Stock.

         1.85  "RENEWAL TERMS" shall have the meaning set forth in Section
10.1.

         1.86  "REUSABLE COMPONENT" shall have the meaning set forth in
Section 11.6.4.

         1.87  "REVENUE" shall mean the revenue (consisting of cash received,
net of rebates, discounts, refunds and similar payments) derived from Mowven
including revenues of the type listed in the Revenue Model attached hereto as
EXHIBIT A.

         1.88  "REVIEW DATE" shall have the meaning set forth in Section 3.2.

         1.89  "REVIEW TRIGGER" shall have the meaning set forth in Section
3.1.9.

         1.90  "REVIEW TRIGGER EVENT" shall have the meaning set forth in
Section 3.2.

         1.91  "SCHEDULED MAINTENANCE PERIODS" shall mean scheduled
maintenance periods (a) that last no longer than two hours per day between
the hours of 2:00 a.m. and 6:00 a.m. Eastern Standard Time, (b) that are
preceded by no less than two weeks prior written notice to the other Party,
or (c) at such times as to which the Parties may agree in writing.

         1.92  "SELLER FEES" shall mean the fees payable by Mowven Customers
when such Mowven Customers list and/or sell Automobiles on Mowven.

         1.93  "SEMI-ANNUAL PERIOD" shall have the meaning set forth in
Section 3.1.

         1.94  "SPIN-OFF NOTICE" shall have the meaning set forth in Section
10.7.

         1.95  "STEERING COMMITTEE" shall have the meaning set forth in
Section 4.1.

<PAGE>

         1.96  "SUBMISSION DATE" shall have the meaning set forth in Section
10.6.3.

         1.97  "TELERATE PAGE 3750" means the page designated as "3750" on
the Dow Jones Market service (formerly known as the "Telerate Service"), or
such other page as may replace page 3750 on that service or such other
service as may be nominated by the British Bankers' Association as the
information vendor for the purpose of displaying British Bankers' Association
Interest Settlement Rates for Dollar deposits.

         1.98  "TERM" shall have the meaning set forth in Section 10.1.

         1.99  "TERMINATING PARTY" shall have the meaning set forth in
Section 10.2.

         1.100 "TERRITORY" shall mean the United States and Canada.

         1.101 "THIRD FIRM" shall have the meaning set forth in Section
10.6.3 .

         1.102 ***confidential treatment requested***

         1.103 "WEB SITE PROBLEMS" shall have the meaning set forth in
Section 7.2.1.

         1.104 "WRITTEN SPECIFICATION" shall have the meaning set forth in
Section 6.1.1.

In this Agreement, (a) unless the context otherwise requires, words denoting
the singular include the plural and vice versa and words denoting any gender
include all genders, (b) the words "including", "includes" and "included"
shall mean "including (or includes or included) without limitation," (c) any
reference to a statute shall mean the statute, as amended, in force at the
date hereof, and (d) all dollar amounts are expressed in the currency of the
United States of America.

2.  MOWVEN

         2.1   EXCLUSIVITY. Upon completion (defined as meeting the milestone
referred to as such in the MPP) of MTS Version 1.0, Cobalt shall make Mowven
available on MotorPlace and, as soon as practicable thereafter, as a Private
Label Service. Mowven will be the exclusive wholesale Automobile
business-to-business sale module on MotorPlace, and will be the only
Internet-based wholesale Automobile listing and purchasing system that Cobalt
operates, develops, hosts, manages or controls for use by OEMs, automobile
dealers and lessors in the Territory.

         2.2   GE CAPITAL USE OF MOWVEN. GE Capital will list on Mowven some
or all of the Automobiles that it offers for sale in the Territory which it
has leased (as lessor), financed (as lender) or for which it services the
associated leases or loans for third parties (unless such third parties
prohibit the listing on Mowven of their Automobiles) including, to the extent
multiple listing is practicable because of the existence of appropriate sale
notification features and subject to any legal or contractual restrictions on
multiple listings of Automobiles to which GE Capital may be subject, at least
the same Automobiles as it lists on any other Internet-based wholesale
Automobile listing and purchasing system intended primarily for use by
wholesale buyers of Automobiles in the

<PAGE>

Territory that has substantially the same type of functionality as Mowven.
***confidential treatment requested*** GE Capital shall use its commercially
reasonable efforts to promote the use of Mowven to all of its remarketing and
servicing customers for whom it arranges the sale of Automobiles. After the
time that clause (b)(4) of Section 1.22 ceases to apply, (a) if First
National Bank of Nevada elects not to list Automobiles on Mowven in
MotorPlace, then GE Capital shall have the right to list Automobiles leased
or financed by First National Bank of Nevada on a Private Label Service made
available to GE Capital by Cobalt (or on GEAutoDirect in its current or any
enhanced form) without being assessed any Seller Fees related to such
Automobiles, and (b) if any of the Persons listed on EXHIBIT B elect not to
list Automobiles on Mowven in MotorPlace, then GE Capital shall have the
right to list Automobiles leased or financed by such Persons on a Private
Label Service made available to GE Capital by Cobalt and such Persons shall
be assessed Seller Fees in an amount determined in good faith by the
***confidential treatment requested***

         2.3   FULFILLMENT SERVICES AGREEMENT. On or before the Effective
Date, Cobalt and GE Capital will execute and deliver to each other the
Fulfillment Services Agreement attached hereto as EXHIBIT C.

         2.4   REVENUE MODEL. The Steering Committee will develop the pricing
for Mowven services in accordance with the Revenue Model attached hereto as
EXHIBIT A. The Steering Committee shall price all services offered to Mowven
Customers as part of Mowven in a commercially reasonable manner, competitive
with the prices offered by others in the relevant industry or industries.

3.  FINANCIAL OPERATION OF MOWVEN

         3.1   DEVELOPMENT OF SEMI-ANNUAL OPERATING PLAN. For (a) the period
beginning with the Effective Date and ending December 31, 2000 (the "INITIAL
PERIOD"), and (b) each of the six month periods during the Term thereafter
(each, a "SEMI-ANNUAL PERIOD"), the Parties shall agree upon a written
operating plan for the respective period (each an "OPERATING PLAN"). Each
Operating Plan shall set forth the information and tasks relating to the
development, operation and marketing of Mowven during the applicable Initial
Period or Semi-Annual Period (each, a "PERIOD"), or such shorter period if
the Operating Plan is revised in accordance with Section 3.2, and shall
address the following matters:

               3.1.1    Strategy;

               3.1.2    Staffing;

               3.1.3    Development plans, including development of MTS
         Version 1.0 and the Enhancements;

               3.1.4    Marketing plans;

               3.1.5    Operating goals (both financial and operational);

<PAGE>

               3.1.6    Revenue projections;

               3.1.7    Expense Share;

               3.1.8 an expense budget reflecting all Expenses expected to be
         incurred during the applicable Period; and

               3.1.9    Review triggers that may include minimum revenue targets
         and other developmental and operational milestones appropriate for the
         particular Period (the "REVIEW TRIGGERS").

The Operating Plan for the Initial Period is attached hereto as EXHIBIT D. By
April 30 and October 31 of each year during the Term, the Steering Committee
will agree upon, and submit to the Parties, a draft Operating Plan for the
immediately succeeding Period. If the Steering Committee is unable to agree
upon a draft Operating Plan for any Period by such date, then the Steering
Committee shall submit to the Parties, by such date, a draft Operating Plan
containing all of the items upon which the Steering Committee has reached
agreement and, for each other item of the draft Operating Plan, each of the
alternatives proposed for such item by the members of the Steering Committee.
By May 31 and November 30 of each year during the Term, the Parties will
agree upon and adopt the Operating Plan for the immediately succeeding
Period. If the Parties are unable to agree upon the Operating Plan for any
Period by such date, any outstanding issues shall be resolved as provided in
Section 3.3.

         Each Party agrees that, notwithstanding any rights it may have
pursuant to this Agreement not to agree on the Operating Plan for the first
Semi-Annual Period, it shall be liable for ***confidential treatment
requested*** (or such greater amount as the Parties agree) of Expenses for
the development of MTS Version 1.0 and the Enhancements during the first
Semi-Annual Period; provided, however, that GE Capital shall not be so
obligated if (1) the items marked with an "*" on Section 2.2 of the Operating
Plan for the Initial Period have not been accomplished by the end of the
Initial Period and GE Capital used commercially reasonable efforts to
cooperate with Cobalt to enable such milestone to be met by such date, or (2)
any Expenses for development of MTS Version 1.0 and the Enhancements during
the Initial Period or the first Semi-Annual Period are not incurred or
committed to be incurred in a manner consistent with normal software
development project management standards.

         In connection with the preparation of each Operating Plan, each
Party shall (x) disclose to the Steering Committee any efforts which it is
then undertaking independently of this Agreement to develop a feature or
functionality which is intended to be part of Mowven to the extent that such
undertaking is known to the members of the Steering Committee appointed by
such Party, and (y) use commercially reasonable efforts to make available to
Mowven, on terms and conditions acceptable to the Parties, such feature or
functionality when it has been developed.

         3.2   FAILURE TO MEET REVIEW TRIGGERS. Within five (5) Business Days
after the date fixed in the Operating Plan for a Review Trigger, or at any
time during the last two

<PAGE>

weeks of the third month of each Period if no such date has been fixed with
respect to review of a Review Trigger, the Steering Committee shall review
the actual performance of Mowven to determine whether the applicable Review
Trigger has been achieved, completed, or otherwise satisfied (each date by
which the Steering Committee is required to review the actual performance of
Mowven pursuant to this sentence being called a "REVIEW DATE"). The Steering
Committee shall determine whether (i) a Review Trigger has not been achieved,
completed or satisfied by the applicable date, (ii) any Review Trigger likely
will not be achieved, completed or satisfied during the applicable Period,
and (iii) actual Expenses incurred during the Period related to any line item
of the then-applicable Expense Budget have deviated or are likely to deviate
from the appropriate Expense Budget line item by more than fifteen percent
(15%) (each of the items in clauses (i), (ii) and (iii) being referred to as
a "REVIEW TRIGGER EVENT"); provided, however, that if two or more members of
the Steering Committee disagree with any determination made by the Steering
Committee as to whether a Review Trigger Event has occurred, such dispute
shall be submitted to the Parties for resolution and, if the Parties are
unable to resolve such dispute within five (5) Business Days after its
submission, such dispute shall be resolved pursuant to Section 3.3. If the
Steering Committee determines (or if it is so determined as a result of the
dispute resolution process set forth in the immediately preceding sentence)
that a Review Trigger Event has occurred, then, no later than fifteen (15)
Business Days after the date of such determination, the Steering Committee
shall reevaluate the Operating Plan and either (x) submit to the Parties a
draft revision to the Operating Plan, including as necessary the Expense
Budget, for such Period containing all of the items upon which the Steering
Committee has reached unanimous agreement and, for each other item of the
draft revision to the Operating Plan, each of the alternatives proposed for
such item by the members of the Steering Committee, or (y) unanimously agree
that no such revision is necessary and so notify the Parties. No later than
ten (10) Business Days after the Steering Committee submits to the Parties
the draft revision to the Operating Plan or notifies the Parties that no such
revision is necessary, the Parties will either agree upon and adopt a
revision to the Operating Plan for such Period or agree that no such revision
is necessary. If the Parties are unable to agree upon a revision to the
Operating Plan for such Period or that no such revision is necessary within
such ten (10) Business Day period, then any outstanding issues shall be
resolved as provided in Section 3.3.

         3.3   DISPUTE RESOLUTION. If the Parties are unable to agree on (a)
an Operating Plan by the applicable dates set forth in Section 3.1, (b) any
revision to an Operating Plan or that such a revision is not necessary by the
applicable dates set forth in Section 3.2, (c) whether a Review Trigger Event
has occurred by the applicable dates set forth in Section 3.2, or (d) any
other matter requiring the joint or mutual agreement or determination of the
Parties pursuant to Section 3, then in each such case the Parties shall
submit any outstanding issues to the President or Chief Executive Officer of
each of Cobalt and GE Capital, who shall undertake promptly, in good faith,
to discuss and resolve such issues.

               3.3.1  If any disagreement which does not relate to an Expense
         Budget, pursuant to clause (c) or (d) of Section 3.3, is not resolved
         by the Parties' respective Presidents or Chief Executive Officers
         within ten (10) Business Days

<PAGE>

         after their first substantive discussion related thereto, then such
         disagreement shall be resolved by the Steering Committee.

               3.3.2  If any disagreement, which does relate to an Expense
         Budget, pursuant to clause (a), (b), (c) or (d) of Section 3.3 is
         not resolved by the Parties' respective Presidents or Chief
         Executive Officers within ten (10) Business Days after their first
         substantive discussion related thereto, then:

                      3.3.2.1 subject to Section 3.4, the Party that proposed
               the lower Expense Budget (the "LOW BIDDER") shall be liable
               for a share of the Expenses for the Period (or remaining
               portion thereof) as to which the dispute relates equal to
               fifty percent (50%) of the lower Expense Budget it proposed;

                      3.3.2.2 the Party that proposed the higher Expense
               Budget (the "HIGH BIDDER") shall have the right to establish
               the Expense Budget for the Period (or remaining portion
               thereof) as to which the dispute relates at any amount it
               determines in its discretion (but no lower than the Expense
               Budget proposed by the Low Bidder and no higher than the
               Expense Budget proposed by the High Bidder);

                      3.3.2.3 the High Bidder shall be liable for all of the
               Expenses for the Period (or remaining portion thereof) as to
               which the dispute relates other than those which are the
               liability of the Low Bidder pursuant to Section 3.3.2.1;

                      3.3.2.4 the Cumulative Expense Share shall be
               recalculated at the end of each calendar month following the
               date that the High Bidder establishes the Expense Budget
               pursuant to Section 3.3.2.2; and

                      3.3.2.5 the Low Bidder shall have the right to
               terminate this Agreement by providing at least six months'
               prior written notice of the effective date of termination to
               the High Bidder; provided, however, that the Low Bidder may
               not give such a termination notice prior to the first
               anniversary of the Effective Date.

               3.3.3  Upon termination of this Agreement by GE Capital pursuant
         to Section 3.3.2, Cobalt shall pay GE Capital the GE Capital Share
         pursuant to the terms of Section 10.7.

               3.3.4  Upon termination of this Agreement by Cobalt pursuant
         to Section 3.3.2, at GE Capital's option, either (a) Cobalt shall
         pay to GE Capital the GE Capital Share pursuant to the terms of
         Section 10.7, or (b) (i) GE Capital shall pay to Cobalt the Cobalt
         Share within five (5) Business Days after the Mowven FMV is agreed
         upon by the Parties or determined pursuant to Section 10.6, (ii)
         Cobalt shall assign to GE Capital all of its right, title and
         interest in Mowven, including, without limitation, the right to
         operate Mowven in MotorPlace and/or elsewhere,

<PAGE>

         all data and information regarding the Mowven Customers (but only to
         the extent it relates to Mowven) and the operations of Mowven and
         the right to employ the Mowven Manager, and (iii) the provisions of
         Section 11.4 shall apply to Cobalt.

         3.4   EXPENSE SHARING. During each Period during the Term, in
accordance with the procedures set forth in Section 3.6, GE Capital shall be
liable for a portion of each Expense equal to the Expense Share as it existed
on the date that such Expense was incurred (as determined in accordance with
GAAP). If either Party has paid Expenses during any Period in excess of the
amount for which it is responsible pursuant to this Section 3.4, then the
other Party shall reimburse such Party for the amount of such excess, all as
provided in Section 3.6. The Parties acknowledge that if the Steering
Committee incurs any expenses which do not constitute Expenses because they
were incurred without having been authorized or ratified pursuant to the
terms of this Agreement, then Cobalt shall be solely liable for paying such
expenses and the fact that Cobalt paid such expenses shall not be taken into
account in determining the Cumulative Expense Share. The Parties further
acknowledge that the liability of GE Capital for Expenses is solely a
reimbursement obligation to Cobalt to reimburse Cobalt for the Expense Share
of Expenses and does not constitute an obligation of GE Capital to pay any
amounts to any third parties unless GE Capital agrees to pay such a third
party directly.

         3.5   REVENUE SHARING. During each Period during the Term, in
accordance with the procedures set forth in Section 3.6, Cobalt shall pay to
GE Capital a percentage of the Revenue received during such Period, which
percentage shall be equal to the Cumulative Expense Share as it existed on
the date that such Revenue was earned (as determined in accordance with
GAAP); provided that all Revenue derived from fees for Fulfillment Services
provided by GE Capital or its contractors pursuant to the Fulfillment
Services Agreement shall be paid to GE Capital. The Parties intend that (a)
if Cobalt provides services or products of Mowven to any Person as a package
with services or products of Cobalt which are not services or products of
Mowven, or in any other manner which results in revenues (including payment
in the form of equity) being provided to Cobalt in addition to its share of
the Revenue, then the revenue (including payment in the form of equity)
received by Cobalt in such a transaction shall be allocated between Revenue
and Non-Mowven Revenue, in good faith, on a commercially reasonable basis
consistent with the amount of Revenue which would have been realized from a
provision of similar services or products to a similarly situated customer in
a transaction which did not include the generation of any Non-Mowven Revenues
or result in any revenues (including payment in the form of equity) being
provided to Cobalt in addition to its share of the Revenue, and (b) all
revenues derived by Cobalt from any Internet-based wholesale Automobile
listing and purchasing system shall constitute Revenue.

         3.6   PAYMENT AND DISTRIBUTION OF EXPENSES AND REVENUE. Cobalt shall
prepare a monthly reconciliation of the Revenue and Expenses of Mowven for
the immediately preceding calendar month (the "MONTHLY RECONCILIATION
REPORT") and deliver such report to GE Capital on the later of (i) the
fifteenth (15th) Business Day of each month or (ii) fifteen (15) Business
Days after GE Capital has delivered to Cobalt all information within GE
Capital's control that Cobalt requires to prepare the Monthly Reconciliation

<PAGE>

Report. The Monthly Reconciliation Report shall include (a) the Cumulative
Expense Share as of the end of the month then ended, (b) the total amount of
Revenue received and Expenses incurred by each Party, set forth on both a
cash and an accrual basis, itemized as provided in EXHIBIT L, and (c) the net
amount owed by one Party to the other after calculation of the amounts due
and payable pursuant to Sections 3.4 and 3.5 on a cash basis; provided,
however, that following the termination or expiration of this Agreement, (x)
GE Capital shall continue to be liable to pay to Cobalt its share of any
Expenses (determined in accordance with Section 3.4) which were incurred
prior to the date of such termination or expiration, and (y) Cobalt shall
continue to be liable to pay to GE Capital its share of any Revenues earned
(determined in accordance with Section 3.5) prior to the date of such
termination or expiration. GE Capital or Cobalt, as the case may be, shall
pay to the other Party the net amount owed as set forth on the Monthly
Reconciliation Report (by wire transfer to such account as may be designated
in writing by the Party from time to time) within five (5) Business Days of
the date on which such report is delivered to GE Capital. Each party shall be
liable for its own bank fees and related expenses in connection with the
payment of any amounts due hereunder.

4.  MANAGEMENT AND PERSONNEL

         4.1   STEERING COMMITTEE. A "STEERING COMMITTEE" comprised of
***confidential treatment requested*** employees of Cobalt (each, a "COBALT
MEMBER") and ***confidential treatment requested*** employees of GE Capital
(each, a "GE CAPITAL MEMBER") shall direct and manage the development,
operation and marketing of Mowven. The initial members of the Steering
Committee are identified on EXHIBIT E. Each member of the Steering Committee
shall be designated by his or her employer annually and shall hold office
until such member's resignation, inability to serve or removal by the
respective designating Party. The Party responsible for designating any
member of the Steering Committee shall have the sole authority to designate a
replacement for such member in the event such member resigns from, becomes
unable to serve on, or is removed from, the Steering Committee. The Steering
Committee shall meet no less frequently than monthly to review the
performance of Mowven as compared to the then-applicable Operating Budget.

         4.2   GENERAL POWERS OF STEERING COMMITTEE. Except as may be
provided otherwise in this Agreement, the Steering Committee shall have
complete and exclusive discretion in the management and control of the
development, promotion, and operation of Mowven; provided, however, that the
Steering Committee shall make all decisions in accordance with the Operating
Plan for the applicable Period. Except as may be provided otherwise in this
Agreement, the Steering Committee shall possess the power and authority to do
all things necessary or convenient to carry out the development, promotion,
and operation of Mowven.

         4.3   LIMITATIONS OF POWERS OF THE STEERING COMMITTEE. None of the
following actions shall be taken without the unanimous vote or unanimous
written consent of the members of the Steering Committee:

<PAGE>

               4.3.1  any material expansion of Mowven's scope of activities
         beyond providing Internet-based wholesale Automobile listing and
         purchasing services for OEMs, automobile dealers and lessors in the
         Territory;

               4.3.2  marketing activities other than in accordance with the
         marketing plans set forth in the then-applicable Operating Plan;

               4.3.3  incurring any Expenses that would cause an increase in
         excess of 15% for the applicable line item in the Expense Budget that
         is part of the then-applicable Operating Plan;

               4.3.4  any act that would make it impossible to carry on the
         ordinary business of Mowven;

               4.3.5  the development of Mowven other than pursuant to an
         Operating Plan;

               4.3.6  the authorization of any previously unidentified capital
         expenditures exceeding Twenty Thousand Dollars ($20,000) in the
         aggregate in any Period that is not otherwise authorized in the
         then-applicable Operating Plan; and

               4.3.7  incurring any Expenses that would cause the aggregate
         Expenses incurred during any Period to exceed the total amount of
         Expenses provided for in the Expense Budget for such Period by more
         than $200,000; provided, however, that the $200,000 amount contained
         in this Section 4.3.7 may be increased or decreased by the Parties
         for any Period in the then-current Operating Plan, so long as such
         increase or decrease has been approved by both Parties.

         4.4   MEETINGS OF THE STEERING COMMITTEE; ACTION BY THE STEERING
               COMMITTEE.

               4.4.1  REGULAR MEETINGS. The members of the Steering Committee
         may provide by resolution the time for the holding of regular
         meetings of the Steering Committee without other notice than such
         resolution.  All regular meetings shall be held at the location or
         locations agreed upon by the members of the Steering Committee.  An
         agenda describing the business to be transacted at, and the purpose
         of, any regular meeting of the members of the Steering Committee,
         together with any relevant documentation related thereto, must be
         given by the Mowven Manager to each member of the Steering Committee
         at least five (5) calendar days prior to the date of such meeting.
         The members of the Steering Committee may not transact any business
         at a regular meeting of the Steering Committee which is not
         described on the agenda for such meeting unless at least four (4)
         members of the Steering Committee agree otherwise.

               4.4.2  SPECIAL MEETINGS. Special meetings of the Steering
         Committee may be called by or at the request of any member of the
         Steering Committee. All special meetings shall be held at the
         location specified in the notice therefor.

<PAGE>

               4.4.3  NOTICE OF MEETINGS.  Notice of any special meeting of
         the Steering Committee shall be given at least five (5) calendar
         days previously thereto by written notice delivered personally or
         sent by mail, overnight courier service, telecopy or telegram to
         each member of the Steering Committee at his or her address as shown
         by the records of the Steering Committee.  If mailed, such notice
         shall be deemed to be delivered three (3) Business Days after being
         deposited in the United States mail in a sealed envelope so
         addressed, with postage thereon prepaid.  If notice be given by
         telegram, overnight courier service or telecopy, such notice shall
         be deemed to be delivered the following Business Day.  Any member of
         the Steering Committee may waive notice of any meeting.  The
         attendance of a member of the Steering Committee at any meeting
         shall constitute a waiver of notice of such meeting, except where a
         member of the Steering Committee attends a meeting for the express
         purpose of objecting to the transaction of any business because the
         meeting is not lawfully called or convened.  The business to be
         transacted at, and the purpose of, any special meeting of the member
         of the Steering Committee must be specified in the notice of such
         meeting and any relevant documentation related thereto must
         accompany such notice.  The members of the Steering Committee may
         not transact any business at a special meeting of the Steering
         Committee which is not described in the notice for such meeting
         unless at least four (4) members of the Steering Committee agree
         otherwise.

               4.4.4  QUORUM AND VOTING OF THE STEERING COMMITTEE. Each
         member of the Steering Committee shall have one vote. At least four
         members of the Steering Committee shall constitute a quorum for the
         transaction of business by the Steering Committee. Except as
         specifically provided otherwise in this Agreement, the act of at
         least three members of the Steering Committee present at a meeting
         at which a quorum is present shall be the act of the Steering
         Committee.

               4.4.5  INFORMAL ACTION BY STEERING COMMITTEE. Any action
         required to be taken at a meeting of the Steering Committee may be
         taken without a meeting if a consent in writing, setting forth the
         action so taken, shall be signed by at least four (4) of the members
         of the Steering Committee.

               4.4.6  COMMUNICATIONS EQUIPMENT. Members of the Steering
         Committee may participate in and act at any meeting of the Steering
         Committee through the use of a conference telephone or other
         communications equipment by means of which all persons participating
         in the meeting can hear each other, and participation in the meeting
         pursuant to this Section 4.4.6 shall constitute presence in person
         at such meeting.

         4.5   MOWVEN MANAGER. The full-time manager of Mowven (the "MOWVEN
MANAGER") shall be a Cobalt Member designated by Cobalt with the approval of
GE Capital, such approval not to be unreasonably withheld or delayed. The
Mowven Manager shall have such authorities and duties as may be delegated to
him or her from time to time by the Steering Committee, and shall be
responsible for the day-to-day business and operations of Mowven; provided,
however, that the Mowven Manager shall

<PAGE>

exercise his or her authority only in accordance with the then-applicable
Operating Plan. The Mowven Manager shall be subject to performance
benchmarks, including financial goals, as set forth in the then-applicable
Operating Plan. In the event that the Mowven Manager fails to meet the
performance benchmarks for any Period (or if GE Capital determines, at any
Review Trigger Date, that any performance benchmark will not be achieved,
completed or satisfied during the applicable Period), then GE Capital may
notify Cobalt that it must establish and implement a performance plan
acceptable to GE Capital, such acceptance not to be unreasonably withheld or
delayed, which must be met by the Mowven Manager during the ninety (90)
calendar day period commencing on the date that Cobalt is so notified. If the
Mowven Manager does not satisfy such performance plan during such ninety (90)
calendar day period, then GE Capital may establish and implement a
performance plan acceptable to Cobalt, such acceptance not to be unreasonably
withheld or delayed, which must be met by the Mowven Manager during the
ninety (90) calendar day period commencing on the date that the performance
plan established and implemented by Cobalt expires. If the Mowven Manager
does not satisfy such performance plan during such ninety (90) calendar day
period, then, at the request of GE Capital, Cobalt shall replace the Mowven
Manager with another Cobalt Member designated by Cobalt with the approval of
GE Capital, such approval not to be unreasonably withheld or delayed; it
being acknowledged that Cobalt has no obligation to terminate the employment
of the Mowven Manager but may reassign him or her to other duties within
Cobalt unrelated to Mowven. The Mowven Manager shall at all times conduct him
or herself, and carry out his or her management responsibilities, in a
professional and ethical manner consistent with the General Electric Capital
Corporation Integrity Standards attached hereto as EXHIBIT F, as such
standards may be revised for general application to GE Capital and its
employees from time to time.

         4.6   PRODUCT MANAGEMENT AND OPERATIONS FUNCTIONS. GE Capital shall
designate such GE Capital personnel as it determines, in its sole discretion,
to manage, subject to the general authority of the Steering Committee and the
supervision of the Mowven Manager, Mowven's product management and operations
functions.

         4.7   EMPLOYEES. Each Party shall assign such personnel as may be
necessary, from time to time, to participate in the development, promotion,
operation, management and support of Mowven as contemplated by the
then-applicable Operating Plan. Each Party shall have exclusive control over
the means and manner by which its employees perform the services called for
in this Agreement. Each Party shall be solely responsible for supervising and
managing their own employees in all respects including, without limitation,
(a) hiring, firing, training and disciplining (for all matters, including
without limitation for performance and/or conduct), and (b) supervising all
other labor conditions (such as working hours, vacations, holidays and
personal leave). Each Party shall promptly notify the other Party of any
complaints received from employees of the other Party related to (i) the
performance of the other Party of its obligations under this Agreement, or
(ii) the other Party's conduct as an employer. In the event that any Party
has any complaints or other comments related to the performance of any
employees of the other Party providing services as contemplated in this
Section 4.7, it shall notify one of the members of the Steering Committee
appointed by the Party as to whose employees it has such complaints or other
comments. Each Party shall be solely responsible for all

<PAGE>

salary, benefits, and other compensation and work-related expenses arising
from or relating to, its employees who provide services in connection with
Mowven, regardless of whether such expenses are Expenses provided for in the
then-applicable Operating Plan. Each Party shall satisfy its respective
withholding and other liabilities associated with any payroll or other taxes
applicable to its employees' compensation and all other requirements that may
be applicable to its respective employees' employment status, and shall
comply with applicable employment agreements. Each such employee, including
the Cobalt Members and the GE Capital Members, shall remain an employee of
the Party that assigned such employee to participate in Mowven, shall not be
deemed to be an employee of the other Party and shall sign an acknowledgement
to that effect prior to providing any services as contemplated by this
Section 4.7. Each Party shall be responsible to its employees and third
parties for all employer liabilities. No employee of one Party shall have
authority to bind the other Party.

         4.8   CONTINUITY AND REPLACEMENT OF EMPLOYEES. Each Party
acknowledges that continuity of participation by its designated employees as
members of the Steering Committee and otherwise as participants in the
development, promotion, operation, management and support of Mowven is
important to its success. Each Party shall use commercially reasonable
efforts to maintain the continuity of participation by each of its designated
employees in Mowven during each Period. Each Party will use commercially
reasonable efforts to replace each designated employee whose participation in
Mowven terminates with personnel who, in the reasonable judgment of such
Party, are capable of satisfactorily carrying out the responsibilities
formerly performed by the departing employee, provided that such Party
determines it is necessary for such employee to be replaced to meet the
requirements of the then-applicable Operating Plan. A Party will use
commercially reasonable efforts to effect such replacement within ten (10)
Business Days of the date on which an employee's participation in Mowven
terminates.

5.  SOFTWARE LICENSE

         On or before the Effective Date, Cobalt and GE Capital will execute and
deliver to each other the Software License attached hereto as EXHIBIT G (the
"LICENSE").

6.  DEVELOPMENT OF ENHANCEMENTS

         6.1   DEVELOPMENT. The Parties shall use commercially reasonable
efforts to develop MTS Version 1.0 and the Enhancements in accordance with a
Master Product Plan ("MPP"), which will set forth the principal features of
MTS Version 1.0 and the Enhancements and the sequencing of the development
plan with respect thereto. An initial draft of the MPP is attached hereto as
EXHIBIT M. The final version of the MPP, MTS Version 1.0 and each Enhancement
shall be approved and revised, from time to time, by the Parties and
incorporated into the Operating Plan. The Parties shall cooperate in good
faith in providing information, personnel, and such other resources as may be
necessary and appropriate, as determined by the Steering Committee in
accordance with the then-applicable Operating Plan, to facilitate the
specification and development of MTS Version 1.0 and the Enhancements, to
develop mutually agreeable procedures for

<PAGE>

acceptance testing, and to otherwise facilitate the performance of the
Parties' respective obligations hereunder.

               6.1.1  WRITTEN SPECIFICATIONS. MTS Version 1.0 and each
         Enhancement will be developed according to the functional and
         technical specifications therefor set forth in the applicable MPP
         (the "WRITTEN SPECIFICATIONS"). Each Written Specification shall
         include a statement of work describing the steps, technology,
         personnel and other resources required to develop MTS Version 1.0
         and each Enhancement. The Steering Committee shall allocate the work
         described in the statement of work to either or both Parties, or
         subcontract all or a portion of such work to one or more third
         parties, in each case in accordance with the then-applicable
         Operating Plan.

               6.1.2  MODIFICATIONS TO WRITTEN SPECIFICATIONS.  Either Party
         may propose modifications or changes to the Written Specifications.
         Any such proposal shall be submitted in writing to the Steering
         Committee and shall include (i) a description of the proposed
         modification or change and an explanation of the rationale for the
         proposal; (ii) the effects on the performance of MTS Version 1.0 or
         the Enhancement and on the development program therefor resulting
         from implementation of the proposal (e.g., change in development
         cost or implementation date); and (iii) alternative solutions and
         the potential adverse consequences, if any, of not implementing the
         proposal.   The Parties shall review the proposal, together with the
         recommendations of the Steering Committee related to such proposal,
         and, if mutually agreeable, shall revise the MPP and Operating Plan
         accordingly; provided, however, that if such proposal is not
         mutually agreeable, then the MPP and Operating Plan shall be revised
         to reflect the delays, if any, in the time-frames and deadlines
         contained therein resulting solely from the Parties' review of such
         proposal.  In no event shall a Party be obligated to commence work
         on any modification or change to a Written Specification until the
         MPP and Operating Plan have been revised to reflect such
         modification or change.

               6.1.3  STORAGE AND VERSION CONTROL. The Parties shall follow
         such procedures as are appropriate for (a) the storage, backing-up
         and archiving of any source or object code developed as part of the
         development process, (b) adequate disaster recovery, and (c)
         adequate version control for the Enhancements as they are developed
         and modified.

         6.2   TESTING. The Parties shall jointly approve the acceptance test
procedures applicable to MTS Version 1.0 and each Enhancement to determine
conformity thereof with its Written Specification. At such time as
development of MTS Version 1.0 or an Enhancement is completed, Cobalt shall
conduct the acceptance test applicable thereto at its facilities. GE Capital
shall be provided at least ten (10) Business Days advance written notice of
such acceptance testing and shall be entitled to participate in and monitor
the acceptance test. If MTS Version 1.0 or an Enhancement shall fail the
acceptance test, as determined mutually by the Parties, then the Parties
shall jointly examine the acceptance test results and develop, or require a
third party to develop,

<PAGE>

appropriate modifications to correct the non-conformity to its Written
Specifications. Upon correction of the non-conformity, Cobalt shall re-run
the acceptance test on MTS Version 1.0 or the Enhancement, as modified. The
Parties shall repeat this process until the earlier of successful completion
of the acceptance test (as determined mutually by the Parties) or the Parties
decide to terminate work on MTS Version 1.0 or the Enhancement, as
appropriate. An acceptance test shall be successfully completed at such time
as the Parties mutually determine that MTS Version 1.0 or the Enhancement, as
appropriate, functions without the occurrence of any demonstrated,
reproducible non-conformity to the Written Specification therefor.

         6.3   ACCEPTANCE. At such time as the acceptance test is
successfully completed, the Steering Committee may accept MTS Version 1.0 or
the Enhancement, as appropriate, as an approved Deliverable.

         6.4   SUBCONTRACTORS. The Steering Committee may engage, on behalf
of the Parties, third party subcontractors to develop MTS Version 1.0 and the
Enhancements. The Steering Committee shall cause each third party engaged in
connection with the development of MTS Version 1.0 and the Enhancements to
execute confidentiality and assignment of rights agreements with the Parties
prior to such third party's engagement. Such agreements (a) shall be in a
form acceptable to Cobalt and to GE Capital and shall provide that the
services are a "work-for-hire" pursuant to the United States Copyright Act of
1976, as amended, (b) shall include a full assignment of rights to Cobalt and
GE Capital, (c) shall, to the extent permissible pursuant to applicable laws,
provide that they are governed by the internal laws (but not the conflict
principles) of either the State of Washington or the State of Illinois, (d)
shall include a waiver of any "droit moral" or "moral rights of authors" or
any similar rights, (e) shall include an assignment of any so-called "rental
rights," (f) shall be freely assignable, and (g) shall have confidentiality
and non-disclosure provisions acceptable to Cobalt and GE Capital.

         6.5   OWNERSHIP OF ENHANCEMENTS. Except as set forth in Section
6.5.2, the Parties shall be deemed co-authors of the Enhancements. Each Party
shall own an undivided 50% interest in the Enhancements and all Intellectual
Property Rights embodied therein (including any source code, object code or
other Intellectual Property created by any Party, any employee of any Party
or, consistent with the requirements of Section 6.4, any subcontractor of a
Party or the Parties) as tenants in common, without rights of survivorship,
but with full and unrestricted rights to exploit the Enhancements and the
Intellectual Property Rights embodied therein subject to the restrictions set
forth in this Agreement. Each Party shall (i) execute and deliver such
written assignments and other documents and (ii) take any other actions as
may be necessary to perfect the other Party's ownership interest and rights
in and to the Enhancements and the Intellectual Property Rights embodied
therein. Except as provided in Section 11.6, neither Party shall have any
obligation to account to the other for any revenues received from use or
licensing of the Enhancements. Neither Party shall take or cause to be taken
any action that would in any way impair or threaten to impair the rights of
the other Party in and to MTS Version 1.0 and the Enhancements.
Notwithstanding the foregoing, subject to Section 12.1 and except in the
situation described in the proviso to Section 11.8, GE Capital shall be
deemed to be the author and the sole owner of MTS Version 1.0.

<PAGE>

               6.5.1  ACCESS TO ENHANCEMENTS. At any time during the Term,
         each Party shall, if requested by the other Party, provide to such
         Party access to the then-current version of any Enhancements
         (including all documentation, object code and source code related
         thereto) in such Party's possession or control (other than
         Enhancements as to which a Party has no ownership rights pursuant to
         Section 6.5.2).

               6.5.2  LIMITATIONS ON OWNERSHIP OF ENHANCEMENTS.
         Notwithstanding anything contained in this Section 6.5 to the
         contrary, (a) GE Capital shall have no ownership or other rights,
         and Cobalt shall have all right, title and interest, with respect to
         any Enhancements which are developed after the end of two (2)
         consecutive Periods during each of which the Expense Share is less
         than 25%, and (b) Cobalt shall have no ownership or other rights,
         and GE Capital shall have all right, title and interest, with
         respect to any Enhancements which are developed after the end of two
         (2) consecutive Periods during each of which the Expense Share is
         greater than 75%.

         6.6   NO REPRESENTATIONS OR WARRANTIES. NEITHER PARTY WARRANTS THAT
MTS VERSION 1.0 OR ANY ENHANCEMENTS WHICH IT IS RESPONSIBLE FOR DEVELOPING
WILL MEET ANY SPECIFIC REQUIREMENTS, NOR DO THEY WARRANT THAT THE OPERATION
OF MTS VERSION 1.0 OR THE ENHANCEMENTS WILL BE ERROR-FREE. EACH PARTY ASSUMES
THE RESPONSIBILITY TO TAKE ADEQUATE PRECAUTIONS AGAINST DAMAGES TO ITS
OPERATIONS WHICH COULD BE CAUSED BY DEFECTS OR DEFICIENCIES IN MTS VERSION
1.0 OR THE ENHANCEMENTS. NEITHER PARTY MAKES ANY, AND EACH PARTY HEREBY
SPECIFICALLY DISCLAIMS ANY, REPRESENTATIONS OR WARRANTIES, EXPRESS OR
IMPLIED, IN MTS VERSION 1.0 OR THE ENHANCEMENTS WHICH IT IS RESPONSIBLE FOR
DEVELOPING. NO OTHER WARRANTIES, EXPRESS, IMPLIED, OR STATUTORY (INCLUDING,
BUT NOT LIMITED TO, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR PURPOSE OR
ANY IMPLIED WARRANTIES ARISING FROM COURSE OF DEALING OR COURSE OF
PERFORMANCE) APPLY TO THE ENHANCEMENTS WHICH EITHER PARTY IS RESPONSIBLE FOR
DEVELOPING.

7.       OBLIGATIONS OF THE PARTIES

         7.1   JOINT OBLIGATIONS OF COBALT AND GE CAPITAL

               7.1.1  The Parties shall work together in good faith to develop
         procedures for the wholesale listing and sale of Automobiles through
         Mowven, consistent with the standards specified in the MPP.

               7.1.2  Each Party agrees that, in providing products or services
         in connection with Mowven, it shall (i) take commercially reasonable
         actions to provide such products and services in a manner consistent
         with the way in which

<PAGE>

         such products or services were advertised or represented by such Party,
         and (ii) comply with all applicable laws.

               7.1.3  Neither Party shall grant or consent to the imposition of
         any lien or other encumbrance on the other Party's interest, if any,
         in MTS Version 1.0, the Enhancements, GEAutoDirect or the Revenue.

               7.1.4  Each Party shall provide the relevant personnel of such
         Party with the ongoing documentation, training and instruction
         reasonably necessary to understand, use and evaluate the operation of
         Mowven. Each Party shall provide the relevant personnel of the other
         Party with the ongoing documentation, training and instruction
         reasonably necessary to understand such Party's service offerings,
         and the competitive strengths of such offerings, that are relevant to
         the performance of this Agreement. As may be specified in the
         Operating Plan, the Parties agree to provide training programs to
         their respective sales personnel to promote Mowven.

               7.1.5  Each Party shall use its commercially reasonable efforts
         to perform its responsibilities pursuant to the then-applicable
         Operating Plan.

         7.2   COBALT OBLIGATIONS

               7.2.1  Cobalt shall host MotorPlace and the MotorPlace
         Framework (together the "COBALT SITES") and the Mowven Transaction
         System, to the extent that Cobalt operates such system, on secure
         file servers so that the Cobalt Sites and the Mowven Transaction
         System are accessible by users via the Internet twenty-four (24)
         hours per day, seven (7) days per week, except (a) for interruptions
         beyond Cobalt's control, (b) upon the occurrence of a Force Majeure
         Event, or (c) for Scheduled Maintenance Periods.  Except in the case
         of Scheduled Maintenance Periods, Cobalt shall, upon its discovery
         or receipt of notification that the Cobalt Sites or the Mowven
         Transaction System are inaccessible or that there are any defects,
         errors or omissions in the Cobalt Sites or the Mowven Transaction
         System that materially and adversely affect the performance,
         delivery, accessibility or availability of Mowven (the "WEB SITE
         PROBLEMS"), use its best efforts to remedy or cause to be remedied
         the Web Site Problems within a commercially reasonable time. Cobalt
         shall, in accordance with high industry standards, check for and
         take measures to prevent viruses from affecting the Cobalt Sites or
         the Mowven Transaction System.  In the event a virus is discovered,
         Cobalt will use its best efforts to remove such virus.  Failure by
         Cobalt to maintain the aforementioned standards or comply with the
         above corrective measures will be considered a material breach of
         this Agreement.  In addition, during the Term, Cobalt shall have in
         place disaster recovery plans related to the Cobalt Sites and the
         Mowven Transaction System, to the extent that Cobalt operates such
         system, consistent with the disaster recovery plans which Cobalt
         maintains for the sites which it hosts itself.

<PAGE>

               7.2.2  Cobalt shall provide technical support to Mowven
         Customers consistent with the levels of technical support which
         Cobalt provides to customers of its other products.  Such support
         shall be provided by email and telephone by Cobalt personnel and
         may, as determined by Cobalt, be provided by Cobalt field-based
         personnel. Cobalt shall respond to Mowven Customers requiring
         technical support within one (1) Business Day.  GE Capital agrees
         that, during the time that it hosts the Mowven Transaction System,
         it will make available to Cobalt, as part of its obligations
         pursuant to Section 4.7, at least one employee of GE Capital to
         serve as a consultant to Cobalt regarding technical support issues
         and one employee of GE Capital to serve as a consultant to Cobalt
         regarding customer support issues, in each case to provide Cobalt
         with assistance in connection with its provision of technical
         support to Mowven Customers on matters related to the Mowven
         Transaction System.

               7.2.3  Cobalt shall collect all Revenue and shall distribute
         the Revenue in accordance with Section 3.6 of this Agreement. Cobalt
         agrees that all such Revenues collected or received by it which are,
         or could be, the property of GE Capital pursuant to Section 3.5 or
         3.6 shall be handled in a manner such that they are (a) not
         commingled with any other funds of Cobalt, (b) held in trust for the
         benefit of GE Capital, and (c) not subjected to the claims of any
         creditors of Cobalt other than GE Capital.

               7.2.4  Cobalt shall market Mowven primarily to franchised
         automotive dealers and to wholesale sellers of used Automobiles, in
         each case as provided in the then-applicable Operating Plan, and
         will have primary responsibility for managing dealer and seller
         relationships. Cobalt shall provide such other sales and marketing
         services as specified in the then-applicable Operating Plan.

         7.3   GE CAPITAL OBLIGATIONS

               7.3.1  This Section 7.3.1 applies only so long as GE Capital
         operates the Mowven Transaction System. GE Capital shall host the
         Mowven Transaction System on secure file servers so that the Mowven
         Transaction System is accessible by users via the Internet
         twenty-four (24) hours per day, seven (7) days per week, except (a)
         for interruptions beyond GE Capital's control, (b) upon the
         occurrence of a Force Majeure Event, or (c) for Scheduled
         Maintenance Periods.  Except in the case of Scheduled Maintenance
         Periods, GE Capital shall, upon its discovery or receipt of
         notification that the Mowven Transaction System, and any successors
         thereto, are disabled or inaccessible or there are any defects,
         errors or omissions in the Mowven Transaction System that materially
         and adversely affect the performance, delivery, accessibility or
         availability of the Mowven Transaction System (the "MOWVEN
         TRANSACTION SYSTEM PROBLEMS"), use its commercially reasonable
         efforts to remedy or cause to be remedied the Mowven Transaction
         System Problems within a commercially reasonable time. GE Capital
         shall, following procedures generally consistent with industry
         standards, check for and take measures to prevent viruses from
         affecting the Mowven Transaction System.  In the event a virus is
         discovered, GE Capital will use its commercially reasonable

<PAGE>
         efforts to remove such virus.  In addition, GE Capital shall have
         in place disaster recovery plans related to the Mowven Transaction
         System consistent with the disaster recovery plans which GE Capital
         maintains for the sites which it hosts itself.

               7.3.2  GE Capital shall have the exclusive right to establish
         and manage a financial clearinghouse to facilitate the liquidity
         necessary for Mowven Customers to consummate transactions on Mowven;
         provided, however, that if GE Capital has not established such a
         financial clearinghouse within ninety (90) calendar days after
         Cobalt provides GE Capital with written notice that the Steering
         Committee desires to have Mowven offer such a capability, which
         notice may not be given by Cobalt prior to January 1, 2001, then
         Cobalt shall have the right to retain a third party to establish and
         manage such a financial clearinghouse.  The Parties acknowledge that
         Cobalt shall have the right to charge Mowven Customers for the use
         of financial clearinghouse services an amount in excess of the
         amount charged by GE Capital to Cobalt for providing such services;
         provided, however, that all such excess amounts shall be deemed
         Revenue.

               7.3.3  Within a reasonable time after Cobalt's request
         therefor, GE Capital will provide to Cobalt an introduction to
         senior management of GE Capital's Global Consumer Finance Affiliate
         in Europe so that Cobalt and GE Capital can jointly present to them
         the operations and functionalities of Mowven and discuss how the
         Parties might work together in Europe.

               7.3.4  GE Capital shall assist Cobalt to develop listing
         relationships with wholesale sellers of used Automobiles. GE Capital
         shall provide such other sales and marketing services as specified
         in the then-applicable Operating Plan.

8.  OWNERSHIP OF MOWVEN

         8.1   OWNERSHIP OF MOWVEN. The Parties acknowledge that, subject to
Sections 3.4, 3.5, 3.6 and 6.5, Cobalt shall retain the ownership of Mowven
and all of its assets. Cobalt shall use its commercially reasonable best
efforts to preserve and protect the business and prospects of Mowven and its
assets and, subject to Section 8.3, shall not transfer, sell or dispose of
any of the assets comprising a part of, or used in connection with, Mowven
unless, following such transfer, sale or disposition, Cobalt has sufficient
remaining or substitute assets to continue the business of Mowven in the
ordinary course, consistent with past practice and the then-current Operating
Plan.

         8.2   WARRANTS. On the Effective Date, Cobalt shall deliver to GE
Capital a duly executed Warrant, exercisable for a number of shares of Cobalt
Common, all as provided for and in the form attached hereto as EXHIBIT H.

         8.3   CONTINUITY OF INVESTMENT. Cobalt shall have the right, at any
time, to restructure or alter the ownership of MotorPlace or Mowven in any
way, including, by way of example and not by way of limitation, a partial or
complete spin off of Mowven or MotorPlace by Cobalt, transfer of all or a
portion of Mowven to an Affiliate of Cobalt

<PAGE>

or a third party, sale of a tracking stock based upon the results of Mowven
or MotorPlace, or any similar type of transaction which results in some or
all of MotorPlace or Mowven ceasing to be solely owned directly by Cobalt in
the manner in which either of them are owned on the Effective Date, so long
as (a) GE Capital is issued equity or other ownership interests in the
restructured entity so that GE Capital owns, immediately following the
restructuring or alteration, a portion of such equity or other ownership
interests then outstanding equal to a fraction, (i) the numerator of which is
the GE Capital Share (provided that, for this purpose, all references to the
Appraisal Date referred to in Section 1.65 or 10.6 shall be deemed to be
references to the date of such restructuring or alteration), and (ii) the
denominator of which is the fair market value of the restructured entity as
of the date of such restructuring or alteration (such fair market value to be
determined on the same basis, and using the same methodology, as the Mowven
FMV is determined), (b) the equity ownership or other ownership interest in
the restructured entity issued to GE Capital must be the equivalent of common
stock in a corporation including being entitled to dividends and
distributions, (c) no equity ownership or other ownership interest in the
restructured entity senior or preferred to the equity ownership or ownership
interest issued to GE Capital shall be issued, (d) this Agreement is amended
and, if necessary, new agreements are executed, to assure that GE Capital
retains rights (including, without limitation, economic, governance and other
rights) with respect to the restructured entity no less beneficial to it than
the rights it has pursuant to this Agreement, and (e) no Person other than GE
Capital, Cobalt or an Affiliate of GE Capital or Cobalt owns any of the
equity ownership or other ownership interests in the restructured entity;
provided, however, that clauses (a) through (e) of this Section 8.3 shall not
apply to a transaction consisting solely of Cobalt assigning all of its
right, title and interest in Mowven and this Agreement to a wholly-owned
subsidiary of Cobalt. Nothing contained in this Section 8.3 shall affect the
rights of GE Capital pursuant to Section 10.3.3.

         8.4   PROTECTION OF GE CAPITAL SHARE. Cobalt hereby grants to GE
Capital a security interest in all of Cobalt's right, title and interest in the
Enhancements to secure Cobalt's performance and payment of all of its
obligations pursuant to this Agreement. Cobalt shall execute, at the request of
GE Capital, such financing statements or other documents or instruments
necessary to perfect such security interest.

9.  INTENTIONALLY OMITTED

10. TERM AND TERMINATION

         10.1  TERM. This Agreement shall be for a term commencing on the
Effective Date and ending on December 31, 2005 (the "INITIAL TERM"), subject
to earlier termination as provided in this Agreement. Following the Initial
Term, this Agreement shall automatically renew for additional one (1) year
periods ("RENEWAL TERMS") unless either Party provides written notice to the
other Party, at least ninety (90) calendar days prior to the conclusion of
the then-current Term, of its intention not to renew. For the purposes of
this Agreement, "TERM" shall be deemed to include the Initial Term and any
Renewal Term(s).

<PAGE>

         10.2  TERMINATION FOR CAUSE. This Agreement may be terminated
immediately by either Party (a "TERMINATING PARTY") "for cause" at any time
by providing to the other Party written notice containing an effective date
of termination and stating that termination is for cause. For purposes of
this Agreement, "for cause" means any of the following events with respect to
the other Party (the "BREACHING PARTY"):

               10.2.1 The Breaching Party ceases to carry on business as a
         going concern;

               10.2.2 An Insolvency Event occurs with respect to the Breaching
         Party;

               10.2.3 Except in connection with a Change of Control, the
         Breaching Party assigns or transfers any of its rights or
         responsibilities granted under this Agreement without the prior written
         consent of the Terminating Party, except as expressly permitted under
         this Agreement (including pursuant to Sections 6.4 and 8.3);

               10.2.4 The Breaching Party materially breaches Sections 2.1, 6.5,
         11 (other than Section 11.9) or the second sentence of Section 12.6 and
         fails to cure such material breach to the Terminating Party's
         reasonable satisfaction within sixty (60) calendar days after receipt
         of written notification from the Terminating Party of such breach; or

               10.2.5 The Breaching Party fails to pay any amount due to the
         Terminating Party under this Agreement within forty-five (45) calendar
         days after the Terminating Party has given the Breaching Party written
         notice of such late payment.

         10.3  ADDITIONAL TERMINATION RIGHTS.  Notwithstanding the foregoing,
this Agreement may be terminated as follows:

               10.3.1 By GE Capital, after the first year of the Initial Term,
         upon no less than one hundred eighty (180) calendar days prior written
         notice to Cobalt;

               10.3.2 By either Party, pursuant to Section 3.3.2; or

               10.3.3 By GE Capital, upon no less than ninety (90) calendar days
         prior written notice to Cobalt given no later than one hundred
         eighty (180) calendar days after Cobalt undergoes a Change of Control;
         provided, however, that Cobalt shall have the right to cause GE Capital
         to terminate this Agreement on any date between the date Cobalt is
         given such written notice and the anticipated date of termination set
         forth in such written notice.

         10.4  POST-TERMINATION RIGHTS. Upon termination or expiration of this
Agreement, GE Capital shall have the right to (a) market goods and services to
Mowven Customers, (b) place advertisements on MotorPlace to the extent that such
advertisements are for products or services that do not compete with Cobalt
products and services and are consistent with MotorPlace's practices at the time
with respect to advertising on

<PAGE>

MotorPlace at fees consistent with Cobalt's then existing advertising fee
structure, and (c) if this Agreement is terminated by GE Capital pursuant to
Section 10.2, obtain from Cobalt a list of all Mowven Customers through the
date of termination.

         10.5   GE CAPITAL INVESTMENT RECOUPMENT. Except as provided in the
last sentence of this Section 10.5, if (a) this Agreement is terminated (i)
by GE Capital pursuant to Section 10.2, or (ii) by Cobalt other than pursuant
to Section 10.2 or 10.3.2, or (b) if Cobalt or GE Capital elects not to
extend the Agreement for any Renewal Term, then Cobalt shall pay to GE
Capital, pursuant to the terms of Section 10.7, the GE Capital Share. If this
Agreement is terminated by GE Capital pursuant to Section 10.3.3, then Cobalt
shall pay to GE Capital, in cash, no later than five (5) Business Days after
the Change of Control Payment Date, the Change of Control Payment.
Notwithstanding the foregoing, if this Agreement is terminated by GE Capital
pursuant to Section 10.2 and the Alternative Payment Amount exceeds the GE
Capital Share, then, in such event, Cobalt shall pay to GE Capital, in lieu
of the GE Capital Share, an amount equal to the Alternative Payment Amount,
in cash, no later than five (5) calendar days after the Mowven FMV is
determined.

         10.6   PROCEDURES FOR FAIR MARKET VALUATION.

                10.6.1 In the event GE Capital and Cobalt do not agree on the
         amount of the Mowven FMV, GE Capital shall, within thirty-five (35)
         calendar days after the Appraisal Date, give Cobalt a notice (a "GE
         CAPITAL VALUATION NOTICE") containing the name of an investment
         banking firm of national reputation  to determine the Mowven FMV on
         behalf of GE Capital; provided, however, that such investment
         banking firm (a) does not own more than 5% of the capital stock of
         General Electric Company, (b) represents and warrants, in writing,
         to the Parties that it is not aware of any conflict of interest
         which would prevent it from providing such determination in an
         impartial manner, and (c) discloses, in writing, to the Parties the
         nature of all transactions or other assignments for which it
         provided services to GE Capital or any of its Affiliates during the
         twenty-four (24) months prior to the GE Capital Valuation Date which
         may be publicly disclosed without violating any confidentiality or
         other legal requirements.

                10.6.2 Within five (5) calendar days following receipt of a
         GE Capital Valuation Notice, Cobalt shall designate, in writing
         submitted to GE Capital (a "COBALT VALUATION NOTICE"), another
         investment banking firm of national reputation that (a) does not
         have an investment in Cobalt, (b) is not in the process of
         underwriting any offerings of any of Cobalt's securities, (c) does
         not make a market in any of Cobalt's securities to determine the
         Mowven FMV on behalf of Cobalt, (d) represents and warrants, in
         writing, to the Parties that it is not aware of any conflict of
         interest which would prevent it from providing such determination in
         an impartial manner, and (e) discloses, in writing, to the Parties
         the nature of all transactions or other assignments for which it
         provided services to Cobalt or any of its Affiliates during the
         twenty-four (24) months prior to the date of the Cobalt Valuation
         Notice which may be publicly disclosed without violating any

<PAGE>

         confidentiality or other legal requirements.  The two investment
         banking firms shall then each determine the Mowven FMV.

                10.6.3 Each of the investment banking firms appointed by
         GE Capital and Cobalt shall be directed to provide, within thirty (30)
         calendar days following GE Capital's receipt of the Cobalt Valuation
         Notice, GE Capital and Cobalt with a written report of the
         investment banking firm's respective Mowven FMV (the date of the
         later submission being referred to herein as the "SUBMISSION DATE").
          If the lower of the two Mowven FMVs is greater than or equal to 90%
         of the higher Mowven FMV, the final Mowven FMV shall be the average
         of the two Mowven FMVs submitted by such investment banking firms.
         If the lower of the two Mowven FMVs does not equal 90% or more of
         the higher Mowven FMV, within ten (10) calendar days following the
         Submission Date, GE Capital and Cobalt shall jointly select a third
         investment banking firm of national reputation (the "THIRD FIRM") to
         perform a third Mowven FMV; PROVIDED, HOWEVER, that if GE Capital
         and Cobalt are unable to agree on a Third Firm within such period,
         then GE Capital and Cobalt shall jointly instruct the two investment
         banking firms which submitted Mowven FMVs to select, within ten (10)
         calendar days following their notification of such request, a Third
         Firm.  The Third Firm shall be instructed to prepare a Mowven FMV
         and deliver it to GE Capital and Cobalt within ten (10) calendar
         days after its retention.  The Mowven FMV shall be the average of
         the three Mowven FMVs provided by the investment banking firms, and
         such average shall constitute the Final Market Valuation and shall
         be final and conclusive.

                10.6.4 GE Capital and Cobalt agree to make reasonably available
         any such books or records and cash flow projections as any of the
         parties involved in the valuation process described in this Section
         may reasonably require in order to reach a Mowven FMV. The cost of
         any appraisals performed pursuant to this Section 10.6 shall be paid
         one-half by Cobalt and one-half by GE Capital.

         10.7   PAYMENT OF MOWVEN FMV. If Cobalt is required to pay GE Capital
the GE Capital Share, then no later than five (5) calendar days after
the Mowven FMV is determined, Cobalt shall have the right to provide to
GE Capital a written notice (the "SPIN-OFF NOTICE") informing GE Capital that
Cobalt will elect to engage in a transaction whereby Cobalt will transfer all
of its right, title and interest in Mowven to a new entity which will have a
capital structure consisting of only one class of common stock or other
ownership interests and no classes or preferred or senior stock or other
ownership interests (assuming that Cobalt has not previously taken advantage
of its rights pursuant to Section 8.3) and either cause such new entity to
engage in a Qualified Public Offering or, if Cobalt has previously taken
advantage of its rights pursuant to Section 8.3, cause the restructured
entity created pursuant to Section 8.3 to engage in a Qualified Public
Offering; provided, however, that Cobalt shall not have the right to provide
to GE Capital a Spin-Off Notice if the Mowven FMV is less than $50,000,000.
The new entity or restructured entity which Cobalt will cause to engage in a
Qualified Public Offering pursuant to this Section 10.7 shall be referred to
as "NEWCO" and the common stock or other ownership interests in Newco shall
be referred to as the "NEWCO STOCK."

<PAGE>

                10.7.1 If Cobalt timely provides to GE Capital a Spin-Off
         Notice, then GE Capital shall have ten (10) calendar days to provide
         to Cobalt a written notice (the "ELECTION NOTICE") setting forth the
         amounts of cash, original principal balance of Promissory Note and
         either the percentage of Newco Stock or value of Cobalt Common,
         which GE Capital desires pursuant to, and in compliance with the
         standards of, both Payment Alternative A and Payment Alternative B.
         Cobalt must then file with the United States Securities and Exchange
         Commission a registration statement to effectuate the registration
         of some or all of the Newco Stock which will be issued and
         outstanding on the date of consummation of the Qualified Public
         Offering (such registration statement to include, at a minimum, all
         of the Newco Stock to be delivered to GE Capital pursuant to Payment
         Alternative A plus at least 20% of the Newco Stock to be issued and
         outstanding immediately after the consummation of the Qualified
         Public Offering) within thirty (30) calendar days after its receipt
         of the Election Notice and shall use its commercially reasonable
         efforts to consummate the Qualified Public Offering within five
         months of the date of the filing of such registration statement
         (without taking into consideration any amendments to such
         registration statement which may be filed).

                10.7.1.1 Upon consummation of the Qualified Public Offering,
         Cobalt shall pay to GE Capital the GE Capital Share in accordance
         with Payment Alternative A; provided, however, that all of the Newco
         Stock delivered to GE Capital as part of Payment Alternative A shall
         be registered pursuant to the Securities Act of 1933.

                10.7.1.2 If the Qualified Public Offering does not result in at
         least 40% of the then-outstanding Newco Stock being both (i) listed
         or traded on a national securities exchange or market, and (ii) held
         by Persons other than GE Capital, Cobalt or any direct or indirect
         owner of 5% or more of the capital stock of GE Capital or Cobalt,
         then at such time after the consummation of the Qualified Public
         Offering as the Parties shall agree, but no later than six months
         after the consummation of the Qualified Public Offering (unless the
         underwriter therefor advises the Parties in writing that market
         conditions at such time are not favorable for such an offering, in
         which case no later than the first anniversary of the consummation
         of the Qualified Public Offering), unless GE Capital notifies Cobalt
         in writing within thirty (30) calendar days after the consummation
         of the Qualified Public Offering that it does not wish to
         participate in a Liquidity Offering, each Party shall use its best
         efforts and cooperate with the other Party to cause an underwritten
         offering (the "LIQUIDITY OFFERING") to the public of an amount of
         the Newco Stock then owned by such Party equal to no less than the
         lesser of (x) 20% of the Newco Stock then owned by such Party or (y)
         20% of all of the Newco Stock then issued and outstanding. As part
         of the Liquidity Offering, the Parties shall cause Newco to, at the
         sole cost and expense of Newco, (a) list on a national securities
         exchange or market all of the Newco Stock to be offered as part of
         the Liquidity Offering plus any other Newco Stock

<PAGE>

         then owned by GE Capital, (b) provide a transfer agent and registrar
         for all such Newco Stock not later than the consummation date of the
         Liquidity Offering, (c) enter into such customary agreements on
         terms reasonably satisfactory to the Parties (including underwriting
         agreements in customary form) and take all such other actions as
         either Party or the underwriters reasonably request in order to
         expedite or facilitate the disposition of the Newco Stock being
         offered in the Liquidity Offering, (d) pay all expenses incident to
         the Liquidity Offering, including all registration and filing fees,
         fees and expenses of compliance with securities or blue sky laws,
         printing expenses, messenger and delivery expenses, and fees and
         disbursements of counsel for Newco, and all fees and expenses of
         independent certified public accountants and other Persons retained
         by Newco, including fees and disbursements of counsel for Newco in
         its capacity as counsel to the Parties; provided, however, that if
         Newco counsel does not make itself available for this purpose for
         any reason other than a Party's refusal to waive a conflict with
         respect to representation by Newco counsel, Newco will pay the
         reasonable fees and disbursements of one counsel for each Party, and
         (e) engage (with the Parties) in such "road shows" and other
         marketing endeavors determined to be reasonably necessary to sell
         the Newco Stock being offered as part of the Liquidity Offering. The
         Parties agree that all underwriting discounts, commissions and other
         selling expenses, if any, and any and all legal fees and expenses
         (but only to the extent that a Party elects not to be represented by
         Newco counsel) incurred by a Party in relation to the Liquidity
         Offering shall be borne by such Party.

                10.7.1.3 If the Qualified Public Offering does result in at
         least 40% of the then-outstanding Newco Stock being held by Persons
         other than GE Capital, Cobalt or any direct or indirect owner of 5%
         or more of the capital stock of GE Capital or Cobalt, then Cobalt
         shall cause all of the Newco Stock provided to GE Capital as part of
         the payment of the GE Capital Share pursuant to Payment Alternative
         A to be listed on a national securities exchange or market at the
         time it is delivered to GE Capital.

         10.7.2 If Cobalt does not timely provide to GE Capital a Spin-Off
Notice in those circumstances where it has the right to so provide a Spin-Off
Notice, then GE Capital shall have ten (10) calendar days after the date that
the Spin-Off Notice was required to be provided to GE Capital to provide to
Cobalt a written notice (the "PAYMENT ALTERNATIVE B NOTICE") setting forth the
amounts of cash, original principal balance of Promissory Note and the value of
Cobalt Common which GE Capital desires pursuant to, and in compliance with the
standards of, Payment Alternative B.  If Cobalt does not have the right to
provide to GE Capital a Spin-Off Notice, then GE Capital shall have ten (10)
calendar days after the Mowven FMV is determined to provide to Cobalt a Payment
Alternative B Notice.

<PAGE>

                10.7.3 If (a) GE Capital has provided Cobalt with a Payment
         Alternative B Notice pursuant to Section 10.7.2, (b) Cobalt does not
         timely file the registration statement or consummate the Qualified
         Public Offering within the time frames set forth in Section 10.7.1,
         or (c) Cobalt elects not to have Newco engage in a Qualified Public
         Offering, then within five (5) calendar days after the occurrence of
         any such event Cobalt shall pay to GE Capital the GE Capital Share
         in accordance with Payment Alternative B.  Cobalt shall cause the
         shares of Cobalt Common delivered to GE Capital as part of Payment
         Alternative B to be registered under the Securities Act of 1933, and
         listed on each securities exchange or market on which any shares of
         Cobalt Common are then listed no later than thirty (30) (or, if
         Cobalt is not then eligible to use Form S-3 in connection with
         Cobalt Common, ninety (90)) calendar days after the date that Cobalt
         is required to pay to GE Capital the GE Capital Share in accordance
         with Payment Alternative B.

Notwithstanding anything contained in this Section 10.7 to the contrary, without
the prior written consent of GE Capital, Cobalt may not pay the GE Capital Share
to GE Capital prior to the effective date of termination or expiration of this
Agreement.

         10.8   EFFECT OF TERMINATION. Upon the effective date of termination
or expiration of this Agreement, except as provided in Section 3.6, Cobalt
shall cease to have any obligations to pay to GE Capital any of portion of
the Revenues and GE Capital shall cease to have any obligation to pay to
Cobalt any portion of the Expenses. In addition, on the date which is the
earlier of (a) the one hundred eightieth (180th) calendar day after the
effective date of termination or expiration of this Agreement, or (b) the
date on which Cobalt pays the GE Capital Share to GE Capital (or, as
appropriate, GE Capital pays the Cobalt Share to Cobalt), Cobalt shall
deliver to GE Capital one copy of all of the source and object code for, and
documentation related to, MTS Version 1.0 and the Enhancements as they exist
on such date.

11.      RESTRICTIVE COVENANTS

         11.1   RESTRICTIONS. Each Party acknowledges that the other Party
has delivered valuable consideration for the benefits represented by this
Agreement, particularly customer and supplier lists, access to business
relationships, distribution records, and other Confidential Information. The
use by any Party of these relationships and Confidential Information in a
business or activity that competes with Mowven could provide the competing
business with an unfair advantage over Mowven and the other Party. Each Party
agrees, in consideration of the mutual promises and covenants contained in
this Agreement, to comply with the terms of this Section 11, all of which are
reasonable and necessary to protect the confidential business information,
business prospects and trade secrets of Mowven and to prevent any unfair
advantage from being conferred upon either Party.

         11.2   ***confidential treatment requested***

<PAGE>

         11.3   CONFIDENTIALITY. Each Party acknowledges that Confidential
Information may be disclosed to the other Party during the Term. Except as
provided in Sections 11.3.1, 11.3.2 and 11.3.3, each Party agrees that it
will take reasonable steps, at least substantially equivalent to the steps it
takes to protect its own proprietary information of a similar nature, during
and for one (1) year after the Term, to prevent the duplication or disclosure
of Confidential Information of the other Party, other than by or to its
employees or agents who must have access to such Confidential Information to
perform such Party's obligations hereunder, who will each agree to comply
with this Section. Both Parties agree to notify each of their employees and
agents who provide services in connection with Mowven of their obligations
pursuant to this Section 11.3.

                11.3.1 Either Party may issue a press release or other
         disclosure containing Confidential Information without the consent of
         the other Party, to the extent such disclosure is required by law,
         rule, regulation or government or court order. In such event, to the
         extent practical and if it does not potentially create a liability of
         the disclosing Party, the disclosing Party will provide at least five
         (5) Business Days prior written notice of such intended disclosure to
         the other Party. Further, in the event disclosure is required of either
         Party under the laws, rules or regulations of the Securities and
         Exchange Commission or any other applicable regulatory authority and if
         the text of this Agreement is required to be disclosed, then such Party
         will (i) redact mutually agreed-upon portions of this Agreement to the
         fullest extent permitted under applicable laws, rules and regulations
         and (ii) submit a request to such regulatory authority that such
         portions and other provisions of this Agreement receive confidential
         treatment under applicable laws, rules and regulations or otherwise be
         maintained as confidential to the fullest extent permitted thereunder.

                11.3.2 The restrictions contained in this Section 11.3 shall
         not apply with respect to any Confidential Information that: (a) is or
         becomes generally available to the public without breach by a Party of
         this Agreement; (b) already was known by the receiving Party, free of
         any obligation of confidentiality, at the time of the disclosing
         Party's communication thereof to the receiving Party; (c) was, to the
         knowledge of the receiving party, communicated to the receiving Party
         free of any obligation of confidentiality subsequent to the time of the
         disclosing Party's communication thereof to the receiving Party; or (d)
         was developed by the receiving Party, independently of and without
         reference to the Confidential Information.

                11.3.3 The restrictions contained in this Section 11.3 shall
         not apply to National Broadcasting Company (NBC), CNBC, MSNBC or any of
         their Affiliates in the ordinary course of its or their business of
         disseminating information, provided that such disclosure does not
         result from a breach of the obligations contained in this Section 11.3
         by Cobalt or GE Capital.

         11.4   ***confidential treatment requested***

<PAGE>

         11.5   SOLICITATION OF EMPLOYEES. During the Term, neither Party
shall solicit or hire for employment, any person who is an employee of the
other Party and the substantial portion of whose work includes Mowven
responsibilities unless (a) such person approached the hiring Party seeking
employment or retention without being solicited by such hiring Party, (b)
such hiring Party informs the person seeking employment or retention that he
or she must obtain the consent of the other Party to his or her employment by
the hiring Party, and (c) such consent is provided by the other Party.

         11.6   RESTRICTIONS ON EXPLOITATION OF THE ENHANCEMENTS.

                11.6.1 TRANSFER, LICENSE, DISTRIBUTION AND SALE OF ENHANCEMENTS.
         During the Term, neither Party shall transfer, license, distribute or
         sell any Enhancements to a third party without the prior written
         consent of the other Party; provided, however, that (a) GE Capital may
         transfer, license, distribute or sell the Enhancements to third
         parties for purposes other than in connection with Mowven, so long
         as GE Capital does not transfer, sublicense, distribute or sell, or
         authorize any other Person to transfer, sublicense, distribute or
         sell, any Enhancements for use in or with a Competing System, and
         (b) Cobalt may license the Enhancements to any Person pursuant to a
         non-transferable object code license as part of the provision of a
         Private Label Service to such Person. ***confidential treatment
         requested***

                11.6.2 USE OF ENHANCEMENTS BY GE CAPITAL. Subject to Section
         11.6.4, during the Term, GE Capital may use the Enhancements for
         purposes other than in connection with Mowven, so long as GE Capital
         does not use any Enhancements in or with a Competing System.

                11.6.3 USE OF ENHANCEMENTS BY COBALT. Subject to Section 11.6.4,
         during the Term, Cobalt may not use any Enhancement (or any derivative
         work based on any Enhancement) other than in connection with Mowven in
         the Territory in compliance with the then-applicable Operating Plan
         without the prior written consent of GE Capital. Notwithstanding the
         foregoing, during the Term, Cobalt may create derivative works based
         on the Enhancements for use in the Territory in connection with the
         listing or sale of products or assets other than Automobiles; provided,
         however, that if Cobalt desires to undertake such activities as a
         stockholder, partner, associate, consultant, owner, agent, creditor,
         contractor or coventurer of, or a participant in any other type of
         strategic alliance with, any Person (other than (a) Cobalt, (b) a
         wholly-owned subsidiary of Cobalt, (c) Warburg, Pincus Equity
         Partners, LP, or (d) First Analysis Corp.), then Cobalt shall, in
         writing, offer to GE Capital the right to participate in such
         activities on the same terms and conditions offered to such Person
         (the "OFFER NOTICE"). If Cobalt provides GE Capital with an Offer
         Notice, then GE Capital shall have thirty (30) Business Days after
         its receipt of the Offer Notice to notify Cobalt that it desires to
         participate in the proposed activity described in the Offer Notice
         on the terms provided for in the Offer Notice. GE Capital's failure
         to notify Cobalt of GE Capital's desire to so participate within
         such period will result in the restrictions contained in this
         Section 11.6.3.1 to expire with respect to the

<PAGE>

         proposed activity described in the Offer Notice so long as Cobalt
         enters into an agreement with the Person specified in the Offer
         Notice, on the same terms and conditions specified in the Offer
         Notice within sixty (60) Business Days after the end of such thirty
         (30) Business Day period and does not materially expand the scope of
         such proposed activities beyond those set forth in the Offer Notice
         during the Term.

                11.6.4 USE OF NON-UNIQUE COMPONENTS. During the Term, both
         Parties and their Affiliates shall have the right to use and reuse,
         for themselves and to provide services (other than the sale or resale
         of software) to persons or entities with whom they have contractual
         relationships, portions of the Enhancements which can be used with
         computer programs other than a Competing System, Mowven or GEAutoDirect
         and are not unique to GEAutoDirect or Mowven (each such portion, a
         "REUSABLE COMPONENT"). During the Term, the Parties shall consult with
         each other whenever one of the Parties determines that a Reusable
         Component has commercial applications for which commercial licensing is
         a viable alternative; provided, however, that neither Party may engage
         in any commercial licensing of a Reusable Component without the prior
         written consent of the other Party.

         11.7   PROTECTION OF INTELLECTUAL PROPERTY RIGHTS. Subject to
Section 12.1, neither Party shall (a) during the Term, and for a period of five
years thereafter, seek to obtain any patents, trademarks, copyrights or other
types of legal protections related to the Enhancements or any derivative
works based on the Enhancements that would result in the other Party being
unable to use, transfer, license, distribute or sell the Enhancements (other
than those Enhancements as to which such other Party has no ownership rights
pursuant to Section 6.5.2) or any derivative works based on the Enhancements
(other than those Enhancements as to which such other Party has no ownership
rights pursuant to Section 6.5.2) as permitted by this Agreement, unless such
Party provides the other Party with written notice of the obtaining of such
protection and, upon the request of the other Party provided within ninety
(90) calendar days after its receipt of such notice, grants to such other
Party a world-wide, non-exclusive, assignable, transferable, sublicenseable,
perpetual, irrevocable, non-cancelable, unlimited, royalty-free and fully
paid-up license to use such legally protected intellectual property, (b)
challenge the right of the other Party to use, transfer, sublicense,
distribute or sell the Enhancements (other than those Enhancements as to
which such other Party has no ownership rights pursuant to Section 6.5.2) or
any derivative works based on the Enhancements (other than those Enhancements
as to which such other Party has no ownership rights pursuant to Section
6.5.2) as permitted by this Agreement, or (c) permit any licensee,
sublicensee, transferee or user to take any of the actions described in
clauses (a) and (b) hereof, in any such case without obtaining the prior
written consent of the other Party. The Parties shall consult and cooperate
with each other in good faith (i) to secure such legal protections for the
Enhancements as the Parties mutually agree upon, and (ii) in the event that
either Party becomes aware of any infringement or potential infringement of
the Enhancements, or any other action by a third party that could be
detrimental to the Parties' rights in the Enhancements.

<PAGE>

         11.8   USE OF MTS VERSION 1.0 BY COBALT. Without the prior written
consent of GE Capital, Cobalt may not use MTS Version 1.0 (or any derivative
work based on any portion of MTS Version 1.0 which does not constitute an
Enhancement) other than in connection with Mowven in compliance with the
then-applicable Operating Plan; provided, however, that, upon the termination
or expiration of this Agreement, if no Enhancements have been developed by
the Parties, then Cobalt shall have the right to use, transfer, license,
distribute and sell MTS Version 1.0 as though it were an Enhancement.

         11.9   PUBLICITY. Except as provided in Sections 11.9.1, 11.9.2 or
11.9.3, without the prior written consent of the other Party, neither Party
shall, with respect to Mowven or any of the transactions contemplated by this
Agreement, (a) make any public disclosure using, disclosing or referring to
the name or identity of the other Party, (b) make or issue any press release,
or (c) make any statement for use in any publication, in any such case which
is inconsistent with (i) the three (3) forms of Q&A agreed upon by the
Parties prior to the execution of this Agreement in connection with the
initial public announcement of the transactions contemplated by this
Agreement, or (ii) the Mowven publicity standards adopted by the unanimous
vote or unanimous written consent of the members of the Steering Committee,
as the same may be amended from time to time by the unanimous vote or
unanimous written consent of the members of the Steering Committee.

                11.9.1 Either Party may make any public disclosure, make or
         issue any press release, or make any statement for use in any
         publication without the consent of the other Party, to the extent such
         disclosure is required by law, rule, regulation or government or court
         order. In such event, to the extent practical and if it does not
         potentially create a liability of the disclosing Party, the disclosing
         Party will provide at least five (5) Business Days prior written notice
         of such intended disclosure to the other Party. Further, in the event
         disclosure is required of either Party under the laws, rules or
         regulations of the Securities and Exchange Commission or any other
         applicable regulatory authority and if the text of this Agreement is
         required to be disclosed, then such Party will (i) redact mutually
         agreed-upon portions of this Agreement to the fullest extent permitted
         under applicable laws, rules and regulations and (ii) submit a request
         to such regulatory authority that such portions and other provisions of
         this Agreement receive confidential treatment under applicable laws,
         rules and regulations or otherwise be maintained as confidential to the
         fullest extent permitted thereunder.

                11.9.2 The restrictions contained in this Section 11.9 shall
         not apply with respect to any information contained in any public
         disclosure, press release, or statement for use in any publication to
         the extent, but only to the extent, that such information is or becomes
         generally available to the public without breach by a Party of this
         Agreement.

                11.9.3 The restrictions contained in this Section 11.9 shall
         not apply to National Broadcasting Company (NBC), CNBC, MSNBC or any of
         their Affiliates in the ordinary course of its or their business of
         disseminating
<PAGE>

         information, provided that such disclosure does not result from a
         breach of the obligations contained in this Section 11.9 by Cobalt
         or GE Capital.

         11.10  SCOPE. If, at the time of enforcement of this Section 11, a
court shall hold that the duration, scope or area restrictions stated herein
are unreasonable under circumstances then existing, the parties agree that
the maximum duration, scope or area reasonable under such circumstances shall
be substituted for the stated duration, scope or area.

         11.11  REMEDIES. Each Party agrees that if it shall commit or
threaten to commit a breach of any of the covenants and agreements contained
in this Section 11, then the other Party shall have the right to seek and
obtain all appropriate injunctive and other equitable remedies therefor,
without the need to post any bond or security therefor, in addition to any
other rights and remedies that may be available at law, it being acknowledged
and agreed that any such breach would cause irreparable injury to the other
Party and that money damages would not provide an adequate remedy therefor.

         11.12  RESTRICTIONS ON THE PARTIES. All of the restrictions imposed
upon the Parties pursuant to this Section 11 (other than those contained in
Sections 11.3, 11.6, 11.7, 11.8 and 11.9) shall only restrict the activities
of the Parties in the Territory.

12.      MISCELLANEOUS

         12.1   OWNERSHIP OF TRADEMARKS. Each Party acknowledges the
ownership of the other Party in the names, logos, trademarks, tradenames and
service marks (the "MARKS") of the other Party and neither Party will use the
Marks of the other Party without the prior written consent of the other
Party. Each party agrees that all use of the other Party's Marks will inure
to the benefit, and be on behalf, of the other Party. Each Party acknowledges
that its utilization of the other Party's Marks will not create in it, nor
will it represent it has, any right, title, or interest in or to such Marks.
Each Party agrees not to do anything to contest or impair the other Party's
rights to its Marks.

         12.2   INFRINGEMENT PROCEEDINGS. Each Party will have the sole right
and discretion to bring proceedings alleging infringement of its Marks or
unfair competition related thereto; provided, however, that each Party agrees
to provide the other Party with its reasonable cooperation and assistance
with respect to any such infringement proceedings.

         12.3   REPRESENTATIONS AND WARRANTIES. Each Party represents and
warrants to the other Party that: (i) such Party has the full corporate power
and authority to enter into this Agreement and to perform the acts required
of it hereunder; (ii) the execution of this Agreement by such Party, and the
performance by such Party of its obligations and duties hereunder, do not and
will not violate any agreement to which such Party is a party or by which it
is otherwise bound, or cause the acceleration of an obligation or imposition
of a lien; (iii) when executed and delivered by such Party, this Agreement
will constitute the legal, valid and binding obligation of such Party,
enforceable against such Party in accordance with its terms, except as
enforceability may be limited by bankruptcy,

<PAGE>

insolvency, fraudulent conveyance, reorganization, moratorium and other
similar laws relating to or affecting the enforcement of creditors' rights
generally, general equitable principles (including those limiting the
availability of specific performance, injunctive relief, and other equitable
remedies and those providing for defenses based on fairness and
reasonableness), regardless of whether such enforceability is considered in a
proceeding in equity or at law; and (iv) such Party acknowledges that the
other Party makes no representations, warranties or agreements related to the
subject matter hereof that are not expressly provided for in this Agreement.
EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, NEITHER PARTY MAKES ANY, AND
EACH PARTY HEREBY SPECIFICALLY DISCLAIMS ANY REPRESENTATIONS OR WARRANTIES,
EXPRESS OR IMPLIED, IN GEAUTODIRECT, THE ENHANCEMENTS OR ANY SERVICES
PROVIDED UNDER THIS AGREEMENT, INCLUDING ANY IMPLIED WARRANTY OF
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE AND IMPLIED WARRANTIES
ARISING FROM COURSE OF DEALING OR COURSE OF PERFORMANCE.

     12.4 AUDIT RIGHTS. Both Parties agree to keep adequate, accurate records
pertaining to Expenses and Revenue, together with any other records necessary
to determine the EBITDA of Mowven, and to retain such records for at least
two years after the termination or expiration of this Agreement. During the
Term and for the two year period thereafter, either Party shall have the
right to cause either an Internal Audit or an Independent Audit
(collectively, an "AUDIT") of all such records and of each Monthly
Reconciliation Report to ensure that proper records are being kept and to
verify all reports and payments due hereunder. An Audit may only be conducted
by a Party, or on a Party's behalf by an independent auditor, with a minimum
of ten (10) Business Days advance notice and during normal business hours.
This Section 12.4 shall survive for two years after expiration or termination
of this Agreement.

          12.4.1   Either Party may, at its own cost and expense, conduct an
     audit (an "INTERNAL AUDIT") which will not be binding on the Parties
     using either its own employees and/or an independent auditor. Neither
     Party may conduct an Internal Audit more than three times each calendar
     year; provided, however, that the foregoing restriction shall not apply
     to any Internal Audit reasonably necessary to ensure compliance with
     applicable laws. If an Internal Audit is conducted on a Party's behalf
     by an independent auditor, such independent auditor shall execute a
     confidentiality agreement with the Parties prior to beginning an
     Internal Audit.

          12.4.2   Either Party may request that an audit (an "INDEPENDENT
     AUDIT") be performed by the Independent Accountant.  Independent Audits
     may not be conducted more than twice each calendar year; provided,
     however, that the foregoing restriction shall not apply to any Internal
     Audit reasonably necessary to ensure compliance with applicable laws.
     The Independent Accountant shall execute a confidentiality agreement
     with the Parties prior to beginning an Independent Audit.  Within ten
     (10) Business Days following the conclusion of an Independent Audit, the
     Independent Accountant will provide the Parties with a copy of the
     results of the Independent Audit.  The results of such Independent Audit
     shall be binding upon the Parties unless either Party elects to submit
     the

<PAGE>

     results of such Independent Audit to arbitration pursuant to Section 12.22
     by submitting a Dispute Notice to the other Party within ten (10)
     Business Days after the date that the Independent Accountant provides
     the Parties with a copy of the results of the Independent Audit (in
     which case the provisions of Section 12.22 other than Section 12.22.1
     shall apply).  GE Capital or Cobalt, as the case may be, shall pay the
     other Party any amounts due as determined by such Independent Audit
     within thirty (30) Business Days of receiving the results thereof;
     provided, however, that if such results are submitted to arbitration
     pursuant to Section 12.22, then GE Capital or Cobalt, as the case may
     be, shall pay the other Party any amounts due as determined by a final
     decision, no longer subject to appeal, made pursuant to the provisions
     of Section 12.22 within thirty (30) Business Days of the issuance of
     such final decision.  The cost of any Independent Audit hereunder will
     be borne by the Party requesting the Independent Audit; provided that if
     the Independent Audit discloses that payments due and owing by one Party
     to the other differs by at least 10% from the amounts actually paid by
     the owing Party, such Party shall pay all costs relating to the
     Independent Audit.

     12.5 CLAIMS AND INDEMNITY.

          12.5.1   INDEMNITY.  Each Party will defend, indemnify, save and
     hold the other Party and its officers, directors, agents, Affiliates,
     and employees harmless from any and all claims, demands, liabilities,
     costs or expenses, including reasonable attorneys' fees ("LIABILITIES"),
     resulting from an Action arising out of (i) the indemnifying Party's
     material breach of any covenant, representation or warranty contained in
     this Agreement, (ii) the supply by the Indemnifying Party of any
     information or materials (other than GEAutoDirect) for use with Mowven
     including, without limitation, any Confidential Information, that
     breaches, infringes or allegedly infringes any third party Intellectual
     Property Rights, (iii) the grossly negligent conduct or willful
     misconduct of the Indemnifying Party's employees, and (iv) any employer
     liabilities of the Indemnifying Party to its employees or to third
     parties.  In addition, Cobalt shall defend, indemnify, save and hold GE
     Capital and its officers, directors, agents, Affiliates, and employees
     harmless from any and all Liabilities, other than the portions of the
     Expenses for which GE Capital is liable pursuant to Section 3.4,
     asserted against or incurred by GE Capital to the extent premised upon
     the relationship between GE Capital and Cobalt pursuant to this
     Agreement.

          12.5.2   CLAIMS.  If a Party entitled to indemnification hereunder
     (the "INDEMNIFIED PARTY") becomes aware of any matter it believes is
     indemnifiable hereunder involving any claim, action, suit,
     investigation, arbitration or other proceeding against the Indemnified
     Party by any third party (each an "ACTION"), the Indemnified Party will
     give the other Party (the "INDEMNIFYING PARTY") prompt written notice of
     such Action; provided that the failure to provide prompt notice shall
     not relieve the Indemnifying Party of its obligations except and only to
     the extent (i) that the delay results in the inability to assert a
     defense and (ii) of the increase in the Indemnifying Party's liability
     resulting solely from the inability to assert a defense.  Such notice
     will (a) provide the basis on which

<PAGE>

     indemnification is being asserted and (b) be accompanied by copies of
     all relevant pleadings, demands, and other papers related to the Action
     and in the possession of the Indemnified Party.  The Indemnifying Party
     will have a period of ten (10) calendar days after receipt of such
     notice to respond. If the Indemnifying Party elects to defend the Action
     or does not respond within the requisite ten (10) calendar day period,
     the Indemnifying Party will be obligated to defend the Action, at its
     own expense, and by counsel reasonably satisfactory to the Indemnified
     Party.  The Indemnified Party will cooperate, at the expense of the
     Indemnifying Party, with the Indemnifying Party and its counsel in the
     defense and the Indemnified Party will have the right to participate
     fully, at its own expense, in the defense of such Action. If the
     Indemnifying Party responds within the required ten (10) calendar day
     period and elects not to defend such Action, the Indemnified Party will
     be free, without prejudice to any of the Indemnified Party's rights
     hereunder, to compromise or defend (and control the defense of) such
     Action. In such case, the Indemnifying Party will cooperate, at its own
     expense, with the Indemnified Party and its counsel in the defense
     against such Action and the Indemnifying Party will have the right to
     participate fully, at its own expense, in the defense of such Action.
     Any compromise or settlement of an Action will require the prior written
     consent of both Parties hereunder, such consent not to be unreasonably
     withheld or delayed.

          12.5.3   LIMITATION OF LIABILITY.  Except for the obligations
     contained in Section 12.5.1 and any payment obligations (whether in cash
     or other property) of such Party, each Party's liability to the other
     Party under this Agreement shall be limited to the greater of (a)
     $5,000,000, or (b) fifteen percent (15%) of the Mowven FMV (provided
     that, for this purpose, all references to the Appraisal Date referred to
     in Section 1.65 or 10.6 shall be deemed to be references to the date of
     the event giving rise to the liability in question).  EXCEPT WITH
     RESPECT TO ANY ACTION ALLEGING INFRINGEMENT BY ANY CONFIDENTIAL
     INFORMATION, NEITHER PARTY SHALL HAVE LIABILITY FOR ANY CONSEQUENTIAL,
     INDIRECT, INCIDENTAL, PUNITIVE, OR SPECIAL DAMAGES WHATSOEVER, INCLUDING
     WITHOUT LIMITATION, DAMAGES FOR LOSS OF BUSINESS PROFITS, BUSINESS
     INTERRUPTION, LOSS OF BUSINESS INFORMATION AND THE LIKE (INCLUDING UNDER
     ANY CLAIM OF NEGLIGENCE, STRICT LIABILITY, DESIGN DEFECT OR OTHER
     THEORY) ARISING OUT OF THIS AGREEMENT, EVEN IF THE PARTY HAS ADVISED THE
     OTHER PARTY OF THE POSSIBILITY OF SUCH DAMAGES.

     12.6 INDEPENDENT CONTRACTORS. The Parties to this Agreement are
independent contractors, it being acknowledged by the Parties that the
relationship between the Parties pursuant to this Agreement consists solely
of GE Capital providing to Cobalt certain services in connection with the
development, operation and marketing of Mowven and receiving compensation
from Cobalt for the provision of such services. Neither Party is an agent,
representative or partner of the other Party and neither Party shall hold
itself out to any person or entity as being the agent, representative or
partner (in a manner that implies the existence of a legally binding
partnership) of the other Party. Neither Party

<PAGE>

will have any right, power or authority to enter into any agreement for or on
behalf of, or incur any obligation or liability of, or to otherwise bind, the
other Party. This Agreement will not be interpreted or construed to create an
association, agency, joint venture or partnership between the Parties or to
impose any liability attributable to such a relationship upon either Party.
Notwithstanding anything herein to the contrary, neither Party shall have any
responsibility for the other Party's products or services, including, but not
limited to order-taking, fulfillment, billing, collections, refunds and
customer service, for dealers or consumers, and, except as may otherwise be
specifically provided herein, neither Party shall have any authority or
responsibility to act as an agent of the other Party with regard to any
matters, including, but not limited to, the foregoing.

     12.7 NOTICES. In addition to any obligations pursuant to Section 12.17,
all notices, demands or other communications to be given or delivered under
or by reason of the provisions of this Agreement will be in writing and will
be deemed to have been given when delivered personally to the recipient, one
(1) Business Day after the date when sent to the recipient by reputable
overnight express courier service (charges prepaid and with evidence of
delivery) or five (5) Business Days after the date when mailed to the
recipient by certified or registered mail, return receipt requested and
postage prepaid. Such notices, demands and other communications will be sent
to GE Capital and Cobalt at the addresses indicated below:

            If to GE Capital:

                  General Electric Capital Auto Financial Services, Inc.
                  540 W. Northwest Highway
                  Barrington, IL 60010
                  Attn: Vice President - E-Business

            With a copy to:

                  General Electric Capital Auto Financial Services, Inc.
                  540 W. Northwest Highway
                  Barrington, IL 60010
                  Attn: General Counsel

             If to Cobalt:

                  The Cobalt Group, Inc.
                  2200 First Avenue South
                  Seattle, Washington 98134
                  Attn:  President

or to such other address or to the attention of such other person or entity as
the recipient party has specified by prior written notice to the sending party.

     12.8 NO WAIVER. The failure of either Party to insist upon or enforce
strict performance by the other Party of any provision of this Agreement or
to exercise any

<PAGE>

right under this Agreement will not be construed as a waiver or
relinquishment to any extent of such Party's right to assert or rely upon any
such provision or right in that or any other instance; rather, the same will
be and remain in full force and effect.

     12.9 FORCE MAJEURE. Neither Party shall be liable for loss or damage
resulting from any delay or non-performance (other than failure to pay any
amounts due hereunder when due), or be held to be in breach hereof, nor shall
the other Party be entitled to terminate this Agreement, due to any of the
following cause or causes beyond its reasonable control: an act of the other
Party, a delay in transportation, acts of God, fire, flood, earthquake,
storm, war, sabotage, riot, civil commotion, the failure or delay of delivery
of necessary supplies, or because of any law, rule, regulation, order or
other action by any public authority (any such cause or causes, a "FORCE
MAJEURE EVENT"), provided the delayed Party: (i) gives the other party
written notice of such cause promptly and (ii) uses its reasonable best
efforts to correct such failure or delay.

     12.10 ENTIRE AGREEMENT. This Agreement, including the Exhibits attached
hereto, sets forth the entire agreement and supersedes any and all prior
agreements of the Parties with respect to the transactions set forth herein.
Neither Party will be bound by, and each Party specifically objects to, any
term, condition or other provision which is different from or in addition to
the provisions of this Agreement (whether or not it would materially alter
this Agreement) and which is proffered by the other Party in any
correspondence or other document, unless the Party to be bound thereby
specifically agrees to such provision in writing.

     12.11 AMENDMENT. No change, amendment or modification of any provision
of this Agreement will be valid unless set forth in a written instrument
signed by the Party subject to enforcement of such amendment.

     12.12 FURTHER ASSURANCES. Each Party will take such action (including,
but not limited to, the execution, acknowledgment and delivery of documents)
as may reasonably be requested by the other Party for the implementation or
continuing performance of this Agreement.

     12.13 ASSIGNMENT. Except as provided in Section 8.3, neither Party may
assign this Agreement or any right, interest or benefit under this Agreement
without the prior written consent of the other Party, which consent shall not
be unreasonably withheld or delayed; provided that GE Capital may assign its
rights and obligations under this Agreement to an Affiliate. Subject to the
foregoing, this Agreement will be fully binding upon, inure to the benefit of
and be enforceable by the Parties hereto and their respective successors and
permitted assigns. Except as expressly set forth in this Agreement, nothing
in this Agreement shall confer upon any Person not a party to this Agreement,
or the legal representatives of such Person, any rights (including rights as
a third party beneficiary) or remedies of any nature or kind whatsoever under
or by reason of this Agreement.

     12.14 CONSTRUCTION; SEVERABILITY. In the event that any provision of
this Agreement conflicts with the law under which this Agreement is to be
construed or if any

<PAGE>

such provision is held invalid by a court with jurisdiction over the Parties
to this Agreement, (i) such provision will be deemed to be restated to
reflect as nearly as possible the original intentions of the Parties in
accordance with applicable law, and (ii) the remaining terms, provisions,
covenants and restrictions of this Agreement will remain in full force and
effect.

     12.15 REMEDIES. Except where otherwise specified, the rights and
remedies granted to a Party under this Agreement are cumulative and in
addition to, and not in lieu of, any other rights or remedies which the Party
may possess at law or in equity.

     12.16 APPLICABLE LAW. This Agreement will be interpreted, construed and
enforced in all respects in accordance with the laws of the State of New York
except for its conflicts of laws principles.

     12.17 SERVICE OF PROCESS. In the event Cobalt is served with any suit,
regulatory complaint or similar process relating to or naming GE Capital,
Cobalt agrees to immediately forward a copy of the same to the GE Capital
Legal Department by facsimile to (847) 277-5983 and to forward a copy of the
same by overnight courier within one (1) Business Day to the address set
forth in Section 12.7. In the event GE Capital is served with any suit,
regulatory complaint or similar process relating to or naming Cobalt, GE
Capital agrees to immediately forward a copy of the same to the Cobalt Legal
Department by facsimile to (206) 269-6350 and to forward a copy of the same
by overnight courier within one (1) Business Day to the address set forth in
Section 12.7.

     12.18 EXPORT CONTROLS. Both Parties will adhere to all applicable laws,
regulations and rules relating to the export of technical data and will not
export or re-export any technical data, any products received from the other
Party or the direct product of such technical data to any proscribed country
listed in such applicable laws, regulations and rules unless properly
authorized.

     12.19 COUNTERPARTS. This Agreement may be executed in counterparts, each
of which will be deemed an original and all of which together will constitute
one and the same document.

     12.20 SUBMISSION TO JURISDICTION. Subject to Section 12.22, each of the
parties to this Agreement submits to the jurisdiction of any state or federal
court sitting in Chicago, Illinois, in any action or proceeding arising out
of or relating to this Agreement and agrees that all claims in respect of the
action or proceeding may be heard and determined in any such court. Each of
the parties to this Agreement waives any defense of inconvenient forum to the
maintenance of any action or proceeding so brought and waives any bond,
surety, or other security that might be required of any other party with
respect thereto.

     12.21 WAIVER OF JURY TRIAL. TO THE FULLEST EXTENT PERMITTED BY LAW, AND
AS SEPARATELY BARGAINED FOR CONSIDERATION, EACH PARTY HEREBY WAIVES ANY RIGHT
TO TRIAL BY

<PAGE>

JURY IN ANY ACTION, SUIT, PROCEEDING OR COUNTERCLAIM OF ANY KIND ARISING OUT
OF OR RELATING TO THIS AGREEMENT.

     12.22 ARBITRATION. Except for the need for either Party to seek a
provisional remedy in a court of law to secure or preserve the rights and
benefits conferred by this Agreement or to enforce the restrictions contained
herein, including injunctive relief, relief in bankruptcy proceedings or
relief that will cease to be available to the Party due to any applicable
statute of limitations or the doctrine of laches if the provision of this
Section 12.22 are complied with, any dispute between the Parties relating to
this Agreement shall be resolved by mediation or arbitration as provided in
this Section 12.22, to wit:

          12.22.1  No Party hereto shall commence an arbitration proceeding
     pursuant to the provisions of Section 12.22.2 below unless such Party
     shall first give a written notice (a "DISPUTE NOTICE") to the other
     Party setting forth the nature of the dispute.  The Parties shall
     attempt in good faith to resolve the dispute by mediation in Cook
     County, Illinois under the Commercial Mediation Rules of the American
     Arbitration Association ("AAA") in effect on the date of this Agreement.
      If the Parties cannot agree on the selection of a mediator within
     twenty (20) calendar days after delivery of the Dispute Notice, the
     mediator will be selected by the AAA in Cook County, Illinois.  If the
     dispute has not been resolved by mediation as provided above within
     sixty (60) calendar days after the delivery of the Dispute Notice, then
     the dispute shall be determined by arbitration in accordance with the
     provisions of Section 12.22.2 hereof.  Mediation proceedings and
     documents prepared exclusively for the mediation proceedings shall be
     deemed to be matters pertaining to confidential settlement negotiations
     and not admissible at any other legal proceeding except for such
     summaries of agreements prepared by the mediator and signed by the
     Parties.

          12.22.2  Any dispute relating to this Agreement to be resolved by
     arbitration, shall be determined by arbitration in Cook County, Illinois
     by one arbitrator in accordance with the Commercial Arbitration Rules of
     the AAA and its Supplementary Procedures for Large, Complex Disputes,
     except that every person named on all lists of potential arbitrators
     shall be a neutral and impartial lawyer with excellent academic and
     professional credentials (i) who is or has been practicing law as a
     partner in a highly respected law firm for at least five (5) years,
     specializing in either general commercial litigation or general
     corporate and commercial matters, with experience in the field of
     contract law and business alliances, (ii) who has had experience as an
     arbitrator of commercial transactions, and (iii) who is generally
     available to serve as an arbitrator.  The AAA shall submit a list of
     three (3) arbitrators meeting the criteria set forth above.  GE Capital
     and Cobalt shall each be entitled to strike one (1) of such three (3)
     designees on a peremptory basis within ten (10) calendar days after its
     receipt of such list of designees, indicating its order of preference
     with respect to the remaining designees.  If two (2) of such designees
     have been stricken by the Parties, the remaining designee shall be the
     arbitrator. Otherwise, the selection of the arbitrator shall be made by
     the AAA from the remaining designees in

<PAGE>

     accordance with their mutual order of preference, or by random selection
     in the absence of a mutual order of preference.  The arbitrator shall
     base his or her award on applicable law and judicial precedent and,
     unless all Parties agree otherwise, shall include in such award the
     findings of fact and conclusions of law upon which the award is based.
     Judgment on the award rendered by the arbitrator may be entered in any
     court having jurisdiction thereof.

          12.22.3  Notwithstanding the foregoing, upon the application by any
     Party to a court for an order confirming, modifying or vacating the
     award, the court shall have the power to review whether, as a matter of
     law based on the findings of fact determined by the arbitrator, the
     award should be confirmed, modified or vacated in order to correct any
     errors of law made by the arbitrator.  In order to effectuate such
     judicial review limited to issues of law, the Parties agree (and shall
     so stipulate to the court) that the findings of fact made by the
     arbitrator shall be binding on the Parties and shall serve as the facts
     to be submitted to and relied on by the court in determining the extent
     to which the award should be confirmed, modified or vacated.

          12.22.4  If any Party fails to proceed with mediation or
     arbitration as provided herein or unsuccessfully seeks to stay such
     mediation or arbitration, or fails to comply with any arbitration award,
     or is unsuccessful in vacating or modifying the award pursuant to a
     petition or application for judicial review, the other Party shall be
     entitled to be awarded costs, including reasonable attorneys' fees, paid
     or incurred by such other Party in successfully compelling such
     mediation or arbitration or defending against the attempt to stay,
     vacate or modify such mediation or arbitration award and/or successfully
     defending or enforcing the award.

          12.22.5  During arbitration proceedings, the Parties shall continue
     to perform their respective responsibilities under this Agreement.

          12.22.6  The Dispute Notice shall be given within a reasonable time
     after the dispute has arisen, and in no event shall it be made after the
     date when the institution of legal or equitable proceedings based on
     such dispute would be barred by the applicable statute of limitations.

          12.22.7  All deadlines and procedures specified in this Section
     12.22 may be modified in writing by mutual agreement of the Parties.

          12.22.8  In all matters, the cost of mediation, the cost of the
     arbitrator, legal fees and other costs of the prevailing Party relating
     to the resolution of the dispute shall be paid by the other Party.

     12.23 DOCUMENTATION. This Agreement was initially prepared by GE
Capital's legal counsel as a matter of convenience only, and such documents
have been thoroughly reviewed by Cobalt and its legal counsel and the input
of Cobalt and its legal counsel was properly considered, and, therefore, no
interpretation will be made in favor of any of the

<PAGE>

Parties or any of their Affiliates with respect to this Agreement for the
reason that such document was prepared by GE Capital's legal counsel.

     12.24 SURVIVAL. In addition to any express language contained in this
Agreement related to the survival of any terms or provisions of this
Agreement, the provisions of Sections 1, 3.6, 6.5, 6.6, 10.4, 10.5, 10.6,
10.7, 10.8, 11.1, 11.4, 11.7, 11.8, 11.9, 11.10, 11.11 and 12 shall survive
the termination or expiration of this Agreement for any reason.

                            (SIGNATURES ON NEXT PAGE)

<PAGE>

         IN WITNESS WHEREOF, the parties have executed this Agreement as of
the date first written above.

                                          THE COBALT GROUP, INC.

                                          By: /s/ David S. Snyder
                                             ----------------------------------
                                          Name: David S. Snyder
                                               --------------------------------
                                          Its: Executive Vice President & CFO
                                              ---------------------------------

                                          GENERAL ELECTRIC CAPITAL AUTO
                                          FINANCIAL SERVICES, INC.

                                          By: /s/ Daniel S. Henson
                                             ----------------------------------
                                          Name: Daniel S. Henson
                                               --------------------------------
                                          Its: President
                                              ---------------------------------

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