Document:

Prepared by MERRILL CORPORATION www.edgaradvantage.com

QuickLinks
 -- Click here to rapidly navigate through this document
 

   SUBSCRIPTION FOR COMMON STOCK
  MOUNTAIN BANK HOLDING COMPANY
  (Existing Shareholder)
   

   STOCK ISSUE: 75,000 shares of common stock, no par value ("Common Stock"), are to be subscribed for and issued at $11.00 per share. Such shares have been
allocated on a priority basis to existing shareholders, who may purchase such shares on the basis of 1 share for each 25 shares owned. 

   The
undersigned, having received and read the Offering Circular of MOUNTAIN BANK HOLDING COMPANY (the "Company"), dated October 1, 2000, hereby offers to purchase the number of
shares of the Common Stock of the Company set forth below at a subscription price of $11.00 per share, and encloses herewith the full aggregate subscription price. Checks or money orders should be
made payable to MOUNTAIN BANK HOLDING COMPANY. 

	Shares subscribed for
 (No minimum; maximum—1 share for each 25 owned)	 	 	 
	Aggregate purchase price (enclosed)	 	$	 

   PLEASE INDICATE BELOW IF YOU DESIRE TO PURCHASE ADDITIONAL SHARES OF COMMON STOCK IF THE OFFERING IS NOT FULLY SUBSCRIBED
DURING THE EXCLUSIVE PERIOD. ADDITIONAL SHARES, IF AVAILABLE, WILL BE SOLD ON A FIRST COME, FIRST SERVED BASIS.

	/
	/  I
would be interested in purchasing          additional shares. Please contact me if additional shares are available for purchase at the closing of the
exclusivity period. 

   SUBSCRIPTION
SHOULD BE RECEIVED BY THE COMPANY NOT LATER THAN 5:00 P.M. LOCAL TIME ON OCTOBER 31, 2000, THE EXPIRATION DATE OF THE EXCLUSIVE OFFERING TO EXISTING SHAREHOLDERS.
SUBSCRIPTIONS RECEIVED AFTER OCTOBER 31, 2000, AND PRIOR TO NOVEMBER 30, 2000, UNLESS THE OFFERING IS TERMINATED EARLIER, WILL BE TREATED ON A FIRST-COME, FIRST-SERVED BASIS, AS WILL ALL
SUBSCRIPTIONS FOR ADDITIONAL SHARES. THE COMPANY RESERVES THE RIGHT TO REJECT ANY SUBSCRIPTION, IN WHOLE OR IN PART. 

   Shares
purchased by the undersigned shall be registered as listed below. (If certificates for shares are to be issued in more than one name, please specify whether ownership is to be
as tenants in common, joint tenants, etc. If certificates for shares are to be issued in the name of one person for the benefit of another, please indicate whether registration should be as trustee or
custodian for such other person.) 

	How Shares To Be Registered (Please Print)	 	No. of Shares (at $11.00 per share)
	 

	 
 	 

	 

	 
 	 

   IN WITNESS WHEREOF, I/we have executed this Subscription, retaining a copy for my/our records, and returning a copy by mail or delivery to: 

	MOUNTAIN BANK HOLDING COMPANY

501 Roosevelt Avenue

Enumclaw, Washington 98022	 	 
	 

Date:             , 2000	 
 	 

 
	 

 (Signature)	 
 	 

 (Signature) (If shares to be issued in more than one name)
	 

 Name (Please print or type)	 
 	 

 Name (Please print or type)
	 

 Street Address	 
 	 

 Street Address
	 

 City and State              ZIP	 
 	 

 City and State              ZIP

	 	 	 	 	 
	Telephone:	 	 	Telephone:	 
	 	
	 	 	

	 	 	 	 	 
	Social Security No.:	 	 	Social Security No.:	 
	 	
	 	 	

	or Taxpayer I.D. No.	 	 	or Taxpayer I.D. No.	 

   IF SHARES TO BE HELD IN JOINT OWNERSHIP, ALL JOINT OWNERS SHOULD SIGN THIS SUBSCRIPTION. 

 

   SUBSCRIPTION FOR COMMON STOCK
  MOUNTAIN BANK HOLDING COMPANY
  (New Shareholder)

   STOCK ISSUE: 75,000 shares of common stock, no par value each ("Common Stock"), are to be subscribed for and issued at $11.00 per share, to be issued and sold
to new shareholders after a priority offering to existing shareholders. ALL SALES TO NEW SHAREHOLDERS ARE ON A FIRST-COME, FIRST-SERVED BASIS. 

   The
undersigned, having received and read the Offering Circular of MOUNTAIN BANK HOLDING COMPANY (the "Company"), dated October 1, 2000, hereby offers to purchase the number of
shares of the Common Stock of the Company (minimum 100 shares—maximum 2,500 shares) set forth below at a subscription price of $11.00 per share, and encloses herewith the full aggregate
subscription price. Checks or money orders should be made payable to MOUNTAIN BANK HOLDING COMPANY. 

	Shares subscribed for
 (Minimum 100 shares—maximum 2,500 shares)	 	 	 
	Aggregate purchase price (enclosed)	 	$	 

   SUBSCRIPTIONS SHOULD BE RECEIVED BY THE COMPANY NOT LATER THAN 5:00 P.M. LOCAL TIME ON NOVEMBER 30, 2000 THE EXPIRATION DATE OF THE
OFFERING. ALL SALES TO NEW SHAREHOLDERS IN THE OFFERING ARE ON A FIRST-COME, FIRST-SERVED BASIS. THE COMPANY RESERVES THE RIGHT TO REJECT ANY SUBSCRIPTION, IN WHOLE OR IN PART. 

   Shares
purchased by the undersigned shall be registered as listed below. (If certificates for shares are to be issued in more than one name, please specify whether ownership is to be
as tenants in common, joint tenants, etc. If certificates for shares are to be issued in the name of one person for the benefit of another, please indicate whether registration should be as trustee or
custodian for such other person.) 

	How Shares To Be Registered (Please Print)	 	No. of Shares (at $11.00 per share)
	 

	 
 	 

	 

	 
 	 

	/
	/  I/we
hereby certify that I/we am/are bona fide residents of the State of Washington. (Check box if applicable. If not applicable, indicate state of
residence:            ). 

   IN WITNESS WHEREOF, I/we have executed this Subscription, retaining a copy for my/our records, and returning a copy by mail or delivery to: 

	MOUNTAIN BANK HOLDING COMPANY

501 Roosevelt Avenue

Enumclaw, Washington 98022	 	 
	 

Date:      , 2000	 
 	 

 
	 

 (Signature)	 
 	 

 (Signature) (If shares to be issued in more than one name)
	 

 Name (Please print or type)	 
 	 

 Name (Please print or type)
	 

 Street Address	 
 	 

 Street Address
	 

 City and State              ZIP	 
 	 

 City and State              ZIP

	 	 	 	 	 
	Telephone:	 	 	Telephone:	 
	 	
	 	 	

	 	 	 	 	 
	Social Security No.:	 	 	Social Security No.:	 
	 	
	 	 	

	or Taxpayer I.D. No.	 	 	or Taxpayer I.D. No.	 

   IF SHARES TO BE HELD IN JOINT OWNERSHIP, ALL JOINT OWNERS SHOULD SIGN THIS SUBSCRIPTION. 

QuickLinks

SUBSCRIPTION FOR COMMON STOCK MOUNTAIN BANK HOLDING COMPANY (Existing Shareholder)

SUBSCRIPTION FOR COMMON STOCK MOUNTAIN BANK HOLDING COMPANY (New Shareholder)Prepared by MERRILL CORPORATION www.edgaradvantage.com

QuickLinks
 -- Click here to rapidly navigate through this document
 

EXHIBIT 10.1  

  
      CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS         

    
We hereby consent to the use in this Registration Statement of our report, dated January 7, 2000, relating to the consolidated financial statements of Mountain Bank Holding Company and
Subsidiary, and to the reference to our firm under the caption "EXPERTS" in the Prospectus. 

/s/
Knight Vale & Gregory PLLC 

KNIGHT
VALE & GREGORY PLLC 

Tacoma,
Washington

September 21, 2000 

QuickLinks

CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS<PAGE>

LETTER OF INTENT REGARDING ULTREXX CORPORATION AND ULTREXX INDIA (AMENDED)

This letter sets forth an agreement-in principle under which Ultrexx
Corporation and Ultrexx Solutions Pvt.Ldt ("Ultrexx India") will continue
working together on a contractual basis with the intent to merge into a single
company or a subsidiary company during the year 2000.

Ultrexx Corporation is a Utah corporation (Ultrexx) with its principle place
of business at 6100 South Center Blvd., #230, Seattle, WA 98188.

Ultrexx India is an Indian company with its principal place of business in
Banglore, India. Muralidhara Keshavamurthy is the president of Ultrexx India
and a founder, director and the single largest shareholder in Ultrexx.

The parties acknowledge that from inception to date, Ultrexx and Ultrexx India
have worked exclusively together on a contractual basis.

The parties acknowledge that Ultrexx has provided Ultrexx India with operating
capital and as consideration received exclusive programming and software
development services.

The parties acknowledge that it is their intent to merge during the year 2000
and that they are working jointly to determine the best way to accomplish this
under Indian and US corporate and securities laws.

The parties acknowledge that until such merger occurs, it is their intent to
continue working together on an exclusive contractual basis and that Ultrexx
may represent that Ultrexx India is, for all practical purposes, an exclusive
extension of Ultrexx.

It is so agreed.

/s/ Muralidhara Keshavamurthy
-----------------------------
Muralidhara Keshavamurthy
Ultrexx India
Date: 04/12/00

/s/ Dave LeCompte
-----------------------------
Dave LeCompte
Ultrexx, Inc.
Date: 04/12/00<PAGE>

JANUARY 21, 2000

ULTREXX CORPORATION
ATTN: RAM MENON, PRESIDENT

RE: AGREEMENT IN PRINCIPLE WITH LECOMPTE AND GRIMES

This letter sets forth an agreement-in principle under which David LeCompte
("LeCompte") and Mark Grimes ("Grimes") will provide consulting and business
advisory services to Ultrexx Corporation ("Ultrexx"). The parties acknowledge
that fulfillment of their respective obligations below will be subject to more
definitive documentation prepared by Ultrexx and in form satisfactory to
LeCompte and Grimes and their counsel and that this letter does not constitute
a binding contract among them. They nevertheless execute this letter to
confirm their obligations to proceed in good faith and with commercially
reasonable best efforts to negotiate and execute such definitive documentation
to be effective January 1, 2000, subject to the following terms:

1.         LECOMPTE.

           1.1   LeCompte will devote not less than 50% of his time to Ultrexx
                 on a consultant basis. He will join the Board of Directors as
                 Chairman and will be confirmed by the Board as the Chief
                 Executive Officer of the corporation. His principal
                 responsibilities will be fundraising, development of marketing
                 partnerships, new accounts, oversight of both finance and
                 operations, and acting as liaison to Venture-Catalyst and
                 other service providers.

           1.2   In consideration for the above services, Ultrexx will pay to
                 LeCompte $5,000 per month, payable in arrears at the on or
                 before the final day of each month, with the first payment to
                 become due at the earlier of (a) April 30, 2000, or (b) the
                 last day of the calendar month in which Ultrexx successfully
                 completes not less than $300,000 in additional equity funding.

           1.3   As additional consideration for the above services, LeCompte
                 will be issued three year options with respect to 1,500,000
                 shares of Common Stock reserved for issuance under an Ultrexx
                 stock incentive plan, shares of which have been registered
                 under the Securities Act of 1933, as amended, and applicable
                 state blue sky laws. The options will have an exercise price
                 of $0.18, which is the approximate average price during the 90
                 days preceding this agreement, and will become exercisable
                 according to the following schedule: (a) 750,000 shares
                 exercisable immediately; and (b) 12.5% per calendar month
                 thereafter, i.e., February, March, April and May, 2000.

2.         GRIMES.

           2.1   Grimes will serve on the Ultrexx Advisory Board and, in that
                 capacity, play an active role in reviewing and recommending
                 strategic initiatives for the

<PAGE>

                 corporation. Through eyecream interactive, a Grimes affiliate,
                 Grimes will provide Ultrexx with access to banner programmers
                 and other eyescream resources and use commercially reasonable
                 efforts to place and sell Ultrexx-developed banner technology,
                 subject to an overall monthly commitment of approximately 100
                 hours of service.

                 At his option, Grimes shall have the opportunity to join the
                 Ultrexx Board of Directors after one year on the Board of
                 Advisors.

           2.2   Grimes will provide services without cash compensation except
                 as set forth below. In consideration for such services,
                 Ultrexx will issue to Grimes three year options with respect
                 to 2,000,000 shares of Common Stock reserved for issuance
                 under an Ultrexx stock incentive plan, shares of which have
                 been registered under the Securities Act of 1933 and
                 applicable state blue sky laws. The options will have an
                 exercise price of $0.18, which is the approximate average
                 price during the 90 days preceding this agreement, and will
                 become exercisable according to the following schedule: (a)
                 1,000,000 shares exercisable immediately; and (b) 12.5% per
                 calendar month thereafter, i.e., February, March, April and
                 May, 2000.

3.         TRAVEL AND OTHER EXPENSES. Ultrexx will reimburse LeCompte and
           Grimes for all reasonable travel and other expenses incurred in
           connection with the performance of services for Ultrexx, including
           attendance at Board meetings. LeCompte will have the authority to
           retain on behalf of Ultrexx, such financial consultants and advisors
           as LeCompte may reasonably determine, subject to a maximum retainer
           of $1,000 per month.

4.         SAN DIEGO OFFICE. During such time as either LeCompte or Grimes or
           both are providing consulting services to Ultrexx, the corporation
           will maintain a dedicated office in San Diego, California and not
           less than three meetings of the Board of Directors per year, and not
           less than two meetings of the Board of Advisors per year, will take
           place at that office. Office may be at an incubator facility, but
           the intent of the company shall be to occupy a separate office.

5.         DISCLOSURE. Neither party will make any public disclosure concerning
           the subject matter or contents of this letter or the definitive
           documentation without the prior approval in writing of the other
           parties, except to the extent that a party concludes, upon
           reasonable written advice of counsel, the disclosure is necessary to
           comply with applicable law.

If this letter correctly sets forth our agreement in principle, please so
indicate below and return an executed copy to the undersigned via fax at
858-270-0879.

David LeCompte

<PAGE>

Mark Grimes

Acknowledged and Agreed this 21 day of January, 2000.

Ultrexx Corporation

By: Ram Menon
Title: Director Strategic Development/President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00015-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00015-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00015-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00015-of-00352.parquet"}]]