Document:

<PAGE>

                                                                   EXHIBIT 10.33

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR CERTAIN REDACTED PROVISIONS OF
THIS AGREEMENT. THE REDACTED PROVISIONS ARE IDENTIFIED BY THREE ASTERISKS
ENCLOSED BY BRACKETS AND UNDERLINED. THE CONFIDENTIAL PORTION HAS BEEN FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

                                 BUY.COM INC.
                                 21 Brookline
                            Aliso Viejo, CA  92656

                               September 2, 1999

SOFTBANK America Inc.
300 Delaware Ave.
Suite 909
Wilmington, DE 19801
Attention: Steve Murray

Dear Gentlemen:

         This letter agreement (the "Agreement") sets forth the principal terms
upon which Buy.Com Inc., a Delaware corporation ("Buy.Com"), on the one hand,
and SOFTBANK America Inc. and/or one or more of its affiliated entities
referenced in this Agreement (all such entities collectively referred to as
"SoftBank"), on the other hand, will form three separate joint ventures.  The
principal terms of each of the joint ventures are set forth in Exhibit A,
                                                               ---------
Exhibit B and Exhibit C (each a "Term Sheet" and collectively, the "Term
---------     ---------
Sheets").  This Agreement is being entered into contemporaneously with the
execution and delivery of that certain Series B Participating Convertible
Preferred Stock Purchase Agreement (the "Series B Agreement") of even date
herewith (the "Series B Preferred Stock Financing").

     1.  Buy.Com Europe.  Buy.Com and SoftBank America Inc. will form a joint
         --------------
venture according to the principal terms set forth in the Term Sheet attached
hereto as Exhibit A.  The provisions set forth in the Term Sheet attached hereto
          ---------
as Exhibit A are intended to be binding on Buy.Com and SoftBank, subject to the
   ---------
Closing of the Series B Preferred Stock Financing.

     2.  Buy.Com UK.  Buy.Com and eVentures will form a joint venture according
         ----------
to the principal terms set forth in the Term Sheet attached hereto as Exhibit B.
                                                                      ---------
The provisions set forth in the Term Sheet attached hereto as Exhibit B are
                                                              ---------
intended to be binding on Buy.Com and eVentures, subject to the Closing of the
Series B Preferred Stock Financing.

     3.  Buy.Com Japan.  Buy.Com and SoftBank America Inc. will form a joint
         -------------
venture according to the principal terms set forth in the Term Sheet attached
hereto as Exhibit C.  The provisions set forth in the Term Sheet attached hereto
          ---------
as Exhibit C are intended to be binding on Buy.Com and SoftBank, subject to the
   ---------
Closing of the Series B Preferred Stock Financing.

     4.  Exclusive Negotiations.  Each of the parties shall negotiate in good
         ----------------------
faith and cooperate fully with each other in the negotiation and execution of
the definitive joint venture documents for each of the three joint ventures.
Between the date that is 90 days from the date hereof or such earlier date as
the parties hereto mutually agree, SoftBank and Buy.Com will not (and it will
assure that its officers, directors, employees, affiliates and legal, accounting
and financial advisors do not on its behalf) take any action to solicit,
initiate, seek, encourage, support or entertain any inquiry, proposal or offer
from, furnish any information to, or participate in any negotiations with, any
corporation, partnership, person or other entity or group (other than
<PAGE>

Softbank
September 2, 1999
Page 2

negotiations with each other) regarding any international e-commerce joint
venture in the territories referenced in the Term Sheets.

     5.  No Public Announcement; No Disclosure.  The parties shall make no
         -------------------------------------
public announcement concerning this Agreement or the matters contemplated
herein, their discussions or any other memoranda, letters or agreements between
the parties relating to the matters contemplated herein without the prior
consent of the other party; provided, that either of the parties may at any time
make disclosure if it is advised by independent legal counsel that such
disclosure is required under applicable law or regulatory authority.  Except as
permitted by the preceding proviso, under no circumstances will the parties (or
any of their respective officers, directors, employees or affiliates) discuss or
disclose the existence or terms of this Agreement (or that the parties are
holding discussions) with or to any third party other than such legal,
accounting and financial advisors of such parties who have a need to know such
information solely for purposes of assisting the parties in evaluating and
negotiating the matters contemplated herein.

     6.  Conditions to Close.  The closing of the Series B Preferred Stock
         -------------------
Financing and the sale of shares by The Scott A. Blum Separate Property Trust
(the "Blum Sales") and the receipt of the purchase price for such shares shall
be a condition to Buy.Com's obligation to close the joint venture transactions
referenced in this Agreement.

     7.  Termination and Break Up Fee.  This Agreement shall terminate upon the
         ----------------------------
occurrence of either of the following:

     (a) At the election of Buy.Com, in the event the Series B Preferred Stock
Financing and the Blum Sales have not closed prior to September 30, 1999,
provided that if the sole reason for the failure to close the Series B Preferred
Stock Financing and Blum Sales is due to the requirement to comply with the Hart
Scott Rodino Antitrust Improvements Act of 1976, such closing date deadline
shall be extended until the waiting period has expired or been terminated, or

     (b) At the election of Buy.Com or SoftBank if such other party has failed
to comply with the terms of this Agreement, and has failed to cure such default
within thirty (30) days notice of such default by the non-breaching party.

     (c) At the election of either party with respect to any of the three joint
ventures for which the parties have not executed and delivered definitive joint
venture documents within six (6) months of the date hereof with respect to the
Buy.Com Europe and Buy.Com UK and nine (9) months of the date hereof with
respect to Buy.Com Japan.

     In the event this Agreement is terminated (i) pursuant to Section 7(b)
above as a result of a breach of this Agreement by a party or (ii) pursuant to
Section 7(c) above as a result of the bad faith actions of a party (in either
event such party at fault shall be a "breaching party"), such breaching party
shall pay to the non-breaching party a termination fee of One Million Dollars
(US$1,000,000). Sections 5, 9 and 11 will survive the termination of this
Agreement.
<PAGE>

Softbank
September 2, 1999
Page 3

     8.  Effect of Agreement.  This Agreement is intended to be a binding
         -------------------
agreement of the parties hereto, effective and enforceable by the parties.  By
SoftBank's signature hereto, SoftBank represents it has the authority to bind
itself and the SoftBank affiliates referenced in this Agreement.  The Term
Sheets are incorporated into this Agreement and set forth the parties' intent
for the structure, terms and conditions of the respective joint ventures.  The
definitive joint venture documents for each joint venture will contain
additional terms and conditions customary for transactions of this type.

     9.  Expenses.  Each party will bear all fees and expenses incurred by it or
         --------
on its behalf in connection with the matters set forth herein (including,
without limitation, the fees and expenses of attorneys, accountants,
consultants, lenders and other advisors).

     10.  Notices.  All notices and other communications hereunder will be in
          -------
writing and will be furnished by hand delivery (including recognized overnight
courier) or facsimile to the parties at the addresses set forth below.  Any such
notice will be deemed duly given upon the date it is delivered to the address
shown below, addressed as follows:

          If to Buy.Com:

               Buy.Com Inc.
               21 Brookline
               Aliso Viejo, California  92656
               Attention:  Chief Executive Officer
               Facsimile:  (949) 425-5320

          With a copy to:

               Brobeck, Phleger & Harrison LLP
               38 Technology Drive
               Irvine, California  92618-6301
               Attention: Keven F. Baxter, Esq.
               Facsimile: (949) 790-6301

          If to SoftBank:

               SOFTBANK America Inc.
               300 Delaware Ave.
               Suite 909
               Wilmington, DE 19801
               Attention: Francis B. Jacobs II
               Facsimile: (302) 552-3128
<PAGE>

Softbank
September 2, 1999
Page 4

          With a copy to:

               Sullivan & Cromwell
               1888 Century Park East
               Suite 2100
               Los Angeles, CA  90067
               Attention: John L. Savva, Esq.
               Facsimile: (310) 712-8800

The addresses set forth above may be changed by any party upon furnishing to the
other parties a notice of change of address in accordance with the terms of this
paragraph.

     11.  Miscellaneous. This Agreement is governed by California law, without
          -------------
regard to its choice of law rules. The parties expressly waive the application
of the United Nations Convention on Contracts for the International Sale of
Goods to the terms of this Agreement. The sole jurisdiction and venue for
actions related to the subject matter hereof shall be the state and federal
courts in Orange County, California. The official language for purposes
of this Agreement, the definitive joint venture documents and all notices and
communications hereunder and thereunder shall be English. This Agreement
constitutes the complete and exclusive agreement between the parties with
respect to the subject matter hereof, superseding and replacing any and all
prior or contemporaneous agreements, communications, and understanding (whether
written or oral) regarding such subject matter. This Agreement may only be
modified, or any rights under it waived, by a written document executed by all
of the parties, provided that the terms of each of the joint ventures may be
amended by the written consent of Buy.Com and the particular SoftBank entity
participating in such joint venture. If any action at law or in equity is
necessary to enforce or interpret the terms of this Agreement, the prevailing
party shall be entitled to reasonable attorneys' fees, costs and necessary
disbursements, in addition to any other relief to which the party may be
entitled.

          If you are in agreement with the foregoing, please sign in the space
provided below and return a copy of this letter to the undersigned.

                                 Very truly yours,

                                 BUY.COM INC.

                                 By:_________________________________
                                     Gregory J. Hawkins
                                     Chief Executive Officer
<PAGE>

Softbank
September 2, 1999
Page 5

ACCEPTED and AGREED:

SOFTBANK AMERICA, INC.

By:_________________________

Name:_______________________

Title:______________________
<PAGE>

                                   EXHIBIT A
                                   ---------

                                  TERM SHEET

                                      for

                                BUY.COM EUROPE
<PAGE>

                                  TERM SHEET
                                      FOR
                         BUY.COM EUROPE JOINT VENTURE

Purpose of Joint Venture:      BUY.COM INC. ("Buy.Com") and SOFTBANK America
                               Inc. ("SoftBank") will form a joint venture
                               ("Buy.Com Europe") to launch and operate an
                               Internet superstore in the countries and
                               territories listed below.

Territory Covered:             The countries comprising the European Union,
                               Switzerland, all European countries east to the
                               Russian border (exclusive of Russia), all
                               European countries south to Greece (inclusive of
                               Greece), but excluding the United Kingdom,
                               Ireland, the Middle East and Africa (the
                               "Territory").

Launch Priority:               It is anticipated that Buy.Com Europe will
                               prioritize the countries in which it launches the
                               Buy.Com Internet superstore concept as follows:

                                   First Stage:   Germany, France
                                   Second Stage:  Benelux, Scandinavia
                                   Third Stage:   Italy, Spain
                                   Future Stages: To be determined by the
                                                  Buy.Com Europe Board

Ownership and Structure:       Buy.Com Europe will be owned as follows:

                                   50% Buy.Com
                                   50% SOFTBANK America Inc.

                               The legal and tax structure of Buy.Com Europe
                               will be determined by Buy.Com and SoftBank in
                               consultation with their tax, legal and accounting
                               advisors. It is understood that the objective is
                               for Buy.Com to be able to consolidate the
                               financial statements of Buy.Com Europe into
                               Buy.Com until Buy.Com Europe completes an IPO.

                               Buy.Com Europe will establish an employee equity
                               incentive [***] of the initial capitalization for
                                          ---
                               issuance to employees and officers of Buy.Com
                               Europe. The stock and option grants will be
                               subject to customary [***]. Any modifications to
                                                     ---
                               such vesting schedule shall be at the discretion
                               of the Buy.Com Europe Board on a case by case
                               basis.

______________________________

          [***] Confidential treatment has been requested for the bracketed
           ---
portions. The confidential redacted portion has been omitted and filed
separately with the Securities and Exchange Commission.
<PAGE>

Initial Funding of             The initial funding of U.S. $8.2 million which
Buy.Com Europe:                is intended to provide adequate working capital
                               through June 2000, will be provided entirely by
                               SoftBank as follows:

                                   $2.73 million equity contribution from
                                   SoftBank
                                   $2.73 million working capital cash loan from
                                   SoftBank to Buy.Com Europe.
                                   $2.73 million equity contribution from
                                   Buy.Com (which amount will be funded by
                                   SoftBank as a loan to Buy.Com such that
                                   Buy.Com receives credit for such capital
                                   contribution on the books of Buy.Com Europe.

                               The loan from SoftBank to Buy.Com will accrue
                               interest at the lowest rate required to avoid the
                               imputation of interest and will have a 5 year
                               term with an acceleration clause for immediate
                               payment within ten (10) days of the closing of
                               Buy.Com's IPO.

                               The loan from Softbank to Buy.Com Europe will
                               accrue interest at the lowest rate required to
                               avoid the imputation of interest and will have a
                               5 year term with an acceleration clause for
                               immediate payment within ten (10) days of the
                               closing of Buy.Com Europe's IPO.

Ongoing Funding of Buy.Com     On an annual basis, management of Buy.Com Europe
Europe:                        will prepare a Business Plan and Budget for
                               Buy.Com Europe for review and approval by the
                               Buy.Com Europe Board. Ongoing funding will be
                               obtained by additional pro rata investments by
                               Buy.Com and SoftBank or new third party
                               investments on terms approved by the Buy.Com
                               Europe Board. Any new third party investments
                               will dilute all shareholders pro-rata based on
                               their respective percentage ownership interests
                               on the date of such investment.

Preemptive Right:              Buy.Com and SoftBank will have a right to
                               participate in any future financing to maintain
                               their pro rata ownership in Buy.Com Europe
                               subject to certain customary exceptions to be
                               included in the definitive joint venture
                               documents. This right will terminate upon an IPO
                               of Buy.Com Europe.

                                       2
<PAGE>

Governance:                    Buy.Com Europe will have a Board of Directors of
                               [***] members initially with Buy.Com designating
                                ---
                               [***] members [***] and SoftBank designating
                                ---           ---
                               [***] members. The parties will enter into a
                                ---
                               voting agreement to maintain the Board
                               composition which agreement will terminate upon
                               an IPO of Buy.Com Europe.

                               Buy.Com's CEO, Greg Hawkins, will serve as
                               Chairman of Buy.Com Europe. The CEO or Managing
                               Director of Buy.Com Europe will serve as one of
                               the [***] designees of Buy.Com on the Board of
                                    ---
                               Buy.Com Europe and such individual will report to
                               Mr. Hawkins.

                               Buy.Com and SoftBank will mutually recruit and
                               select a CEO and other senior management for
                               Buy.Com Europe.

Intellectual Property          Buy.Com will license its e-commerce technology to
                               Buy.Com Europe on a royalty free basis for use in
                               the Territory. Buy.Com will retain ownership of
                               its trade name, brand and all trademark and
                               service marks and other intellectual property
                               rights relating thereto and will license its name
                               and its other intellectual property rights
                               necessary and applicable to the business of
                               Buy.Com Europe on a royalty free basis and on
                               such other terms to be established in the
                               definitive joint venture documents. These
                               licenses will be perpetual subject to certain
                               limitations to be provided for in the definitive
                               joint venture documents.

                               Buy.Com will receive a royalty free, perpetual
                               grant back license to all technology developed by
                               Buy.Com Europe.

Service Fees:                  If either Buy.Com or SoftBank provides services
                               to Buy.Com Europe, Buy.Com Europe shall reimburse
                               such costs on an allocated basis and pay a
                               service fee to such party, provided that the
                               party providing such services will submit a
                               written proposal of such services and fees for
                               approval by a majority of the disinterested
                               Buy.Com Europe Board.

Co-Promotion and Cross         Buy.Com and SoftBank will discuss and negotiate
Marketing Opportunities:       co-promotion and cross marketing opportunities to
                               include within the definitive joint venture
                               documents.

______________________________

          [***] Confidential treatment has been requested for the bracketed
           ---
portions. The confidential redacted portion has been omitted and filed
separately with the Securities and Exchange Commission.

                                       3
<PAGE>

Admission of Additional        Buy.Com Europe will not issue ownership interest
Partners:                      to a competitor of Buy.Com without the prior
                               written consent of Buy.Com.

Co-Sale and Right of First     Each of Buy.Com and SoftBank will have a co-sale
Refusal Provisions             right and right of first refusal over the other
                               partner's shares or other ownership interest in
                               Buy.Com Europe, excluding transfers to
                               affiliates. This agreement will terminate upon an
                               IPO of Buy.Com Europe.

Expenses:                      Each party will pay its own costs incurred in
                               connection with the preparation and negotiation
                               of the joint venture documents.

                                        BUY.COM INC.

                                        By:___________________________________
                                        Name:_________________________________
                                        Title:________________________________

                                        SOFTBANK America Inc.

                                        By:___________________________________
                                        Name:_________________________________
                                        Title:________________________________

                                       4
<PAGE>

                                   EXHIBIT B
                                   ---------

                                  TERM SHEET

                                      for

                                  BUY.COM UK
<PAGE>

                                  TERM SHEET
                                      FOR
                           BUY.COM UK JOINT VENTURE

Purpose of Joint Venture:   BUY.COM INC. ("Buy.Com") and eVentures, a joint
                            venture between SOFTBANK and ePartners Capital Ltd.
                            (collectively, "eVentures") will form a joint
                            venture ("Buy.Com UK") to launch and operate an
                            Internet superstore in the countries and territories
                            listed below.

Territory Covered:          The countries include the United Kingdom, Australia,
                            New Zealand and India (the "Territory").

Launch Priority:            It is anticipated that Buy.Com UK will prioritize
                            the countries in which it launches the Buy.Com
                            Internet superstore concept as follows:

                              First Stage:   United Kingdom
                              Second Stage:  Australia
                              Third Stage:   New Zealand
                              Future Stages: To be determined by the Buy.Com UK
                                             Board

Ownership and               Buy.Com UK will be owned as follows:
Structure:
                              50% Buy.Com
                              50% eVentures
[CAPTION]
                            The legal and tax structure of Buy.Com UK will be
                            determined by Buy.Com and eVentures in consultation
                            with their tax, legal and accounting advisors. It is
                            understood that the objective is for Buy.Com to be
                            able to consolidate the financial statements of
                            Buy.Com UK into Buy.Com until Buy.Com UK completes
                            an IPO.

                            Buy.Com UK will establish an employee equity
                            incentive [***] of the initial capitalization for
                                       ---
                            issuance to employees and officers of Buy.Com UK.
                            The stock and option grants will be subject to
                            customary [***]. Any modifications to such vesting
                                       ---
                            schedule shall be at the discretion of the Buy.Com
                            UK Board on a case by case basis.

Initial Funding of          The initial funding of U.S. $6 million which is
Buy.Com UK:                 intended to provide adequate working capital through
                            June 2000, will be provided entirely by Softbank
                            and/or eVentures as follows:

                              $2 million equity contribution from
                              Softbank/eVentures

__________________________

     [***] Confidential treatment has been requested for the bracketed portions.
      ---
The confidential redacted portion has been omitted and filed separately with the
Securities and Exchange Commission.
<PAGE>

                              $2 million working capital cash loan from Softbank
                              to Buy.Com UK. $2 million equity contribution from
                              Buy.Com (which amount will be funded by Softbank
                              as a loan to Buy.Com such that Buy.Com receives
                              credit for such capital contribution on the books
                              of Buy.Com UK).

                            The loan from Softbank to Buy.Com will accrue
                            interest at the lowest rate required to avoid the
                            imputation of interest and will have a 5 year term
                            with an acceleration clause for immediate payment
                            within ten (10) days of the closing of Buy.Com's
                            IPO.

                            The loan from Softbank to Buy.Com UK will accrue
                            interest at the lowest rate required to avoid
                            imputation of interest and will have a 5 year term
                            with an acceleration clause for immediate payment
                            within ten (10) days of the closing of Buy.Com UK's
                            IPO.

Ongoing Funding of          On an annual basis, management of Buy.Com UK will
Buy.Com UK:                 prepare a Business Plan and Budget for Buy.Com UK
                            for review and approval by the Buy.Com UK Board.
                            Ongoing funding will be obtained by additional pro
                            rata investments by Buy.Com and eVentures or new
                            third party investments on terms approved by the
                            Buy.Com UK Board. Any new third party investments
                            will dilute all shareholders pro-rata based on their
                            respective percentage ownership interests on the
                            date of such investment.

Preemptive Right:           Buy.Com and eVentures will have a right to
                            participate in any future financing to maintain
                            their pro rata ownership in Buy.Com UK subject to
                            certain customary exceptions to be included in the
                            definitive joint venture documents. This right will
                            terminate upon an IPO of Buy.Com UK.

Governance:                 Buy.Com UK will have a Board of Directors of [***]
                                                                          ---
                            members initially with Buy.Com designating [***]
                                                                        ---
                            members (one of which will be the CEO or Managing
                            Director of Buy.Com UK) and eVentures designating
                            [***] members. The parties will enter into a voting
                             ---
                            agreement to maintain the Board composition which
                            agreement will terminate upon an IPO of Buy.Com UK.

                            Buy.Com's CEO, Greg Hawkins, will serve as Chairman
                            of Buy.Com UK. The CEO or Managing Director of
                            Buy.Com UK will serve as one of the [***] designees
                                                                 ---
                            of Buy.Com on the Board of Buy.Com UK and such
                            individual will report to Mr. Hawkins.

                            Buy.Com and eVentures will mutually recruit and
                            select a CEO and other senior management for Buy.Com
                            UK.

________________________________________________________________________________

     [***] Confidential treatment has been requested for the bracketed portions.
      ---
The confidential redacted portion has been omitted and filed separately with the
Securities and Exchange Commission.

                                       2
<PAGE>

Intellectual Property:      Buy.Com will license its e-commerce technology to
                            Buy.Com UK on a royalty free basis for use in the
                            Territory. Buy.Com will retain ownership of its
                            trade name, brand and all trademark and service
                            marks and other intellectual property rights
                            relating thereto and will license its name and its
                            other intellectual property rights necessary and
                            applicable to the business of Buy.Com UK on a
                            royalty free basis and on such other terms to be
                            established in the definitive joint venture
                            documents. These licenses will be perpetual subject
                            to certain limitations to be provided for in the
                            definitive joint venture documents.

                            Buy.Com will receive a royalty free, perpetual grant
                            back license to all technology developed by Buy.Com
                            UK.

Service Fees:               If either Buy.Com or eVentures provides services to
                            Buy.Com UK, Buy.Com UK shall reimburse such costs on
                            an allocated basis and pay a service fee to such
                            party, provided that the party providing such
                            services will submit a written proposal of such
                            services and fees for approval by a majority of the
                            disinterested Buy.Com UK Board.

Co-Promotion and Cross      Buy.Com and eVentures shall discuss and negotiate
Marketing Opportunities:    co-promotion and cross marketing opportunities to
                            include within the definitive joint venture
                            documents.

Admission of Additional     Buy.Com UK will not issue ownership interest to a
Partners:                   competitor of Buy.Com without the prior written
                            consent of Buy.Com.

Co-Sale and Right of        Each of Buy.Com and eVentures will have a co-sale
First Refusal Provisions:   right and right of first refusal over the other
                            partner's shares or other ownership interest in
                            Buy.Com UK, excluding transfers to affiliates. This
                            agreement will terminate upon an IPO of Buy.Com UK.

Expenses:                   Each party will pay its own costs incurred in
                            connection with the preparation and negotiation of
                            the joint venture documents.

                                        BUY.COM INC.

                                        By: ______________________________
                                        Name: ____________________________
                                        Title: ___________________________

                                        eVentures

                                        By: ______________________________
                                        Name: ____________________________
                                        Title: ___________________________

                                       3
<PAGE>

                                   EXHIBIT C
                                   ---------

                                  TERM SHEET

                                      for

                                 BUY.COM JAPAN
<PAGE>

                                  TERM SHEET
                                      FOR
                          BUY.COM JAPAN JOINT VENTURE

Purpose of Joint Venture:   BUY.COM INC. ("Buy.Com") and SOFTBANK America, Inc.
                            ("Softbank") will form a joint venture ("Buy.Com
                            Japan") to launch and operate an Internet superstore
                            in Japan.

Territory Covered:          The countries include Japan (the "Territory").

Launch Priority:            It is anticipated that Buy.Com Japan will prioritize
                            the countries in which it launches the Buy.Com
                            Internet superstore concept as follows:

                                   First Stage:   Japan

Ownership and Structure:    Buy.Com Japan will be owned as follows:

                                   50% Buy.Com
                                   50% Softbank

                            The legal and tax structure of Buy.Com Japan will be
                            determined by Buy.Com and Softbank in consultation
                            with their tax, legal and accounting advisors. It is
                            understood that the objective is for Buy.Com to be
                            able to consolidate the financial statements of
                            Buy.Com Japan into Buy.Com until Buy.Com Japan
                            completes an IPO.

                            Buy.Com Japan will establish an employee equity
                            incentive [***] of the initial capitalization for
                                       ---
                            issuance to employees and officers of Buy.Com Japan.
                            The stock and option grants will be subject to
                            customary [***]. Any modifications to such vesting
                                       ---
                            schedule shall be at the discretion of the Buy.Com
                            Japan Board on a case by case basis.

Initial Funding of          The initial funding of U.S. $9 million which is
Buy.Com Europe:             intended to provide adequate working capital through
                            June 2000, will be provided entirely by Softbank as
                            follows:

                                   $3 million equity contribution from Softbank
                                   $3 million working capital cash loan from
                                      Softbank to Buy.Com Japan.
                                   $3 million equity contribution from Buy.Com
                                      (which amount will be funded by Softbank
                                      as a loan to Buy.Com such that
_________________________

     [***] Confidential treatment has been requested for the bracketed portions.
      ---
The confidential redacted portion has been omitted and filed separately with the
Securities and Exchange Commission.
<PAGE>

                                    Buy.Com receives credit for such capital
                                    contribution on the books of Buy.Com Japan).

                            The loan from Softbank to Buy.Com will accrue
                            interest at the lowest rate required to avoid the
                            imputation of interest and will have a 5 year term
                            with an acceleration clause for immediate payment
                            within ten (10) days of the closing of Buy.Com's
                            IPO.

                            The loan from Softbank to Buy.Com Japan will accrue
                            interest at the lowest rate required to avoid the
                            imputation of interest and will have a 5 year term
                            with an acceleration clause for immediate payment
                            within ten (10) days of the closing of Buy.Com
                            Japan's IPO.

Ongoing Funding of          On an annual basis, management of Buy.Com Japan will
Buy.Com Europe:             prepare a Business Plan and Budget for Buy.Com Japan
                            for review and approval by the Buy.Com Japan Board.
                            Ongoing funding will be obtained by additional pro
                            rata investments by Buy.Com and Softbank or new
                            third party investments on terms approved by the
                            Buy.Com Japan Board. Any new third party investments
                            will dilute all shareholders pro-rata based on their
                            respective percentage ownership interests on the
                            date of such investment.

Preemptive Right:           Buy.Com and Softbank will have a right to
                            participate in any future financing to maintain
                            their pro rata ownership in Buy.Com Japan subject to
                            certain customary exceptions to be included in the
                            definitive joint venture documents. This right will
                            terminate upon an IPO of Buy.Com Japan.

Governance:                 Buy.Com Japan will have a Board of Directors of
                            [***] members initially with Buy.Com designating
                             ---
                            [***] members (one of which will be the CEO or
                             ---
                            Managing Director of Buy.Com Japan) and Softbank
                            designating [***] members. The parties will enter
                                         ---
                            into a voting agreement to maintain the Board
                            composition which agreement will terminate upon an
                            IPO of Buy.Com Japan.

                            Buy.Com's CEO, Greg Hawkins, will serve as Chairman
                            of Buy.Com Japan. The CEO or Managing Director of
                            Buy.Com Japan will serve as one of the [***]
                            designees of Buy.Com on the Board of Buy.Com Japan
                            and such individual will report to Mr. Hawkins.

                            Buy.Com and Softbank will mutually recruit and
                            select a CEO and other senior management for Buy.Com
                            Japan.

Intellectual                Buy.Com will license its e-commerce technology to
                            Buy.Com Japan

_______________________________________________________________________________

     [***] Confidential treatment has been requested for the bracketed portions.
      ---
The confidential redacted portion has been omitted and filed separately with the
Securities and Exchange Commission.

                                       2
<PAGE>

Property                    on a royalty free basis for use in the Territory.
                            Buy.Com will retain ownership of its trade name,
                            brand, and all trademark and service marks and other
                            intellectual property rights relating thereto and
                            will license its name and its other intellectual
                            property rights necessary and applicable to the
                            business of Buy.Com Japan on a royalty free basis
                            and on such other terms to be established in the
                            definitive joint venture documents. These licenses
                            will be perpetual subject to certain limitations to
                            be provided for in the definitive joint venture
                            documents.

                            Buy.Com will receive a royalty free, perpetual grant
                            back license to all technology developed by Buy.Com
                            Japan.

Service Fees:               If either Buy.Com or Softbank provides services to
                            Buy.Com Japan, Buy.Com Japan shall reimburse such
                            costs on an allocated basis and pay a service fee to
                            such party, provided that the party providing such
                            services will submit a written proposal of such
                            services and fees for approval by a majority of the
                            disinterested Buy.Com Japan Board.

Co-Promotion and Cross      Buy.Com and Softbank will discuss and negotiate co-
Marketing Opportunities:    promotion and cross marketing opportunities to
                            include within the definitive joint venture
                            documents.

Admission of Additional     Buy.Com Japan will not issue ownership interest to a
Partners:                   competitor of Buy.Com without the prior written
                            consent of Buy.Com.

Co-Sale and Right of        Each of Buy.Com and Softbank will have a co-sale
First Refusal Provisions    right and right of first refusal over the other
                            partner's shares or other ownership interest in
                            Buy.Com Japan, excluding transfers to affiliates.
                            This agreement will terminate upon an IPO of Buy.Com
                            Japan.

Expenses:                   Each party will pay its own costs incurred in
                            connection with the preparation and negotiation of
                            the joint venture documents.

                                 BUY.COM INC.

                                 By:________________________________
                                 Name:______________________________
                                 Title:_____________________________

                                 SOFTBANK AMERICA, INC.

                                 By:________________________________
                                 Name:______________________________
                                 Title:_____________________________

                                       3<PAGE>

                                                                   EXHIBIT 10.36

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR CERTAIN REDACTED PROVISIONS OF
THIS AGREEMENT. THE REDACTED PROVISIONS ARE IDENTIFIED BY THREE ASTERISKS
ENCLOSED BY BRACKETS AND UNDERLINED. THE CONFIDENTIAL PORTION HAS BEEN FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

                                   Agreement

This Agreement ("Agreement") is by and between BuyGolf.com, Inc., a Delaware
corporation ("BuyGolf"), with its principal place of business at 1705 S. Coast
Highway, Suite D, Laguna Beach, California 92651 and Las Vegas Golf & Tennis,
Inc., a Nevada corporation ("LVG") with its principal place of business at 2701
Crimson Canyon Drive, Las Vegas, Nevada 89128.

1.   Purpose

     The purpose of this Agreement is to provide the terms and conditions for
     the purchase and resale by BuyGolf and LVG of various golf equipment,
     accessories and related golf merchandise ("Product").

2.   Terms of Sale

     A.   All Product sales will be subject to LVG's then-current [***] as
                                                                   ---
     maintained in its inventory control and point of sale software system
     ("POS") at the time of purchase ("[***]").
                                        ---

     B.   BuyGolf agrees to name LVG as BuyGolf's Primary Distribution Source
     ("Primary Source"). As Primary Source, LVG will be BuyGolf's first contact
     and, subject to Product availability, source for all BuyGolf's Product
     needs.

     C. LVG and BuyGolf will work toward the implementation of LVG's
     Distribution Systems interface ("IMDSI") which provides real-time pricing
     and availability.

3.   Ordering

     A.   BuyGolf will compile, update and provide LVG with Product order
     information. The Product order information will include the (i) Product
     type(s) by LVG's department codes, (ii) unit quantity, (iii) LVG SKU
     number, (iv) BuyGolf's resale price, and (v) correct shipping address.
     BuyGolf personnel will identify for each Product order, the ship-to
     destination as either BuyGolf, BuyGolf's customer, or to some other
     specified third party. LVG will, subject to Product availability, use its
     best efforts to fill and ship all Product orders placed by BuyGolf within
     [***] of order receipt.
      ---

     B.   For government orders, BuyGolf will compile, update, and provide LVG
     with the following Product order information: (1) Product type(s) by LVG's
     department codes, (ii) unit quantity, (iii) end user name and zip code, and
     (iv) government contract number. BuyGolf personnel will identify, for each
     Product order, the ship-to destination as either BuyGolf, BuyGolf's
     customer, or to some other specified third party. LVG will, subject to
     Product availability, use its best efforts to fill and ship all Product
     orders placed by BuyGolf with [***] of order receipt.
                                    ---
____________________________

     [***] Confidential treatment has been requested for the bracketed portions.
      ---
The confidential redacted portion has been omitted and filed separately
with the Securities and Exchange Commission.
<PAGE>

     C.  LVG will accept orders, via facsimile, and via LVG and BuyGolf approved
     electronic ordering methods only from those who identify themselves as
     BuyGolf personnel and provide the LVG customer number prior to placing the
     order. LVG will have no obligation to confirm the validity of any order
     placed or the authority of the person placing an order in this manner.
     BuyGolf will disclose its LVG customer number only to its personnel with a
     need to know.

4.   Pricing and Payment Terms

     A.  All Product prices will be at the [***] as shown in LVG's online POS
                                            ---
     system as of the date of order, plus [***] to LVG.
                                           ---

     B.  As LVG's [***] change, LVG's price to BuyGolf shall be adjusted to
                   ---
     reflect such changes. BuyGolf shall have reasonable rights to audit

     LVG's books and records to verify LVG's [***], on reasonable notice,
                                              ---
     and at BuyGolf's sole expense.

     C.  If any manufacturer/publisher has agreed to make [***] to BuyGolf for
                                                           ---
     Products sold by LVG ("[***]") and upon LVG's approval, then LVG shall
                             ---
     pass through such [***] to BuyGolf via a credit memo. [***]
                        ---                                 ---
     opportunities are subject to LVG's available on-hand inventory. LVG

     shall employ its best efforts to calculate such [***] for sales to
                                                      ---
     BuyGolf, and to pass through any such credits to BuyGolf within [***]
                                                                      ---
     days of LVG's receipt of any such rebate or recognition of any such
     discount.

     D.  LVG will invoice BuyGolf on the first and the sixteenth of each
     calendar month and all Invoices will be due and payable net [***] from
                                                                  ---
     invoice date.

5.   Fees

     LVG shall receive [***] per order, as and for the cost of its packaging
                        ---
     materials, which costs may be reviewed and adjusted by the parties hereto
     on a quarterly basis.

6.  Shipping

    A.   All orders will be shipped FOB origin, BuyGolf's carrier of choice,
    with all ground freight charges for Product orders paid by [***]. In the
                                                                ---
    event an authorized BuyGolf representative requests a priority shipping
    method, BuyGolf agrees to use an LVG authorized carrier and to [***].
                                                                    ---

    B. LVG will ship orders directly to BuyGolf's customers upon BuyGolf's
    request.

________________________________

[***] Confidential treatment has been requested for the bracketed portions.  The
 ---
confidential redacted portion has been omitted and filed separately with the
Securities and Exchange Commission.

                                       2
<PAGE>

7.  Returns

    A.   All returns must be accompanied by a valid BuyGolf return authorization
    ("RA") number. Each return must be packaged separately for each RA and
    contain only Product specified on that RA.

    B.   Defective Products - In accordance with manufacturers warranties,
         ------------------
    BuyGolf may return to LVG for replacement or credit, any defective Product.

    C.   Unauthorized Returns - Any Product not authorized for return by BuyGolf
         --------------------
    and not prominently marked with the RA number on the shipping carton shall
    be designated as an Unauthorized Return ("UR"). LVG shall refuse delivery of
    all UR.

    D.   Mislabeled Returns - Mislabeled Returns ("MR") shall include by way of
         ------------------
    example only, Product returned that as new Product is not in a resalable
    condition, or Product returned as defective that is not a fact defective.
    Any MR received by LVG will be assigned a value by LVG in the exercise of
    its discretion. That Value shall be promptly communicated to BuyGolf in
    writing, together with the RA number accompanying any such MR Product.
    BuyGolf shall have the sole responsibility of resolving any such dispute
    with its customer. Within ninety days of delivery of the advice of value and
    RA number to BuyGolf, BuyGolf shall advise LVG as to whether to reship the
    MR Product at BuyGolf's expense or whether BuyGolf will accept the assigned
    value as a credit on its account with LVG. Absent any instructions from
    BuyGolf in such ninety (90) days, LVG shall apply a credit to BuyGolf's
    account for the assigned value, which credit shall be deemed final and LVG
    shall be free to dispose of the MR Product as LVG deems appropriate. LVG
    will not be responsible for loss of or damage to MR Product pending said
    ninety days.

    E.  In the event of return of Product and replacement at BuyGolf's request,
    BuyGolf or its customer shall pay all costs of shipping, and shall be
    entitled to any shipping costs paid by the manufacturer of the Product, if
    any.

    F.  LVG reserves the right to change its return policies as stated herein
    without notice upon notification from manufacturers or vendors of changes in
    their returns policies.

8.  Reconciliation

    Both parties mutually agree to reconcile BuyGolf's account every [***].  In
                                                                      ---
    order to allow appropriate credits to be applied, BuyGolf agrees to provide
    appropriate documentation to LVG and wait [***] from disputed claim before
                                               ---
    debiting LVG for any reason.

9.  Marketing Funds

    LVG will pass through, in the form of a credit memo, [***] provided by
                                                          ---
    vendors for BuyGolf provided BuyGolf provides LVG with the necessary
    contract authorizing LVG

________________________________

    [***] Confidential treatment has been requested for the bracketed portions.
     ---
     The redacted portion has been omitted and filed separately with
     Securities and Exchange Commission.

                                       3
<PAGE>

     to deduct the funds from the vendor.  BuyGolf will
     provide marketing claims or Invoice to LVG within [***] of activity along
                                                        ---
     with a copy of the proof of performance if applicable.

10.  Shares of Stock of BuyGolf

     In consideration of the pricing provisions of this Agreement, together with
     other good and valuable consideration, and upon commencement hereof,
     BuyGolf shall deliver to LVG a common stock certificate for the number of
     shares of BuyGolf's common stock equal to 7.50% of BuyGolf's authorized
     and issued shares of common stock outstanding on the effective date of this
     Agreement.  So long as LVG holds said shares of BuyGolf's common stock, LVG
     shall be entitled to designate a person to serve as one member of BuyGolf's
     board of directors and hereby designates Thomas E. Hurford.  BuyGolf shall
     take all required action to amend its Articles of Incorporation and/or
     Bylaws to provide adequate assurance that LVG will maintain the right to
     designate the person to serve as such a member of BuyGolf's board of
     directors.  LVG's right to designate such a director shall terminate upon
     the termination date of this Agreement, if any.

11.  Terms and Termination

     This Agreement will commence on the date of the last signature set forth
     below and will continue for one (1) year.  Either party may terminate this
     Agreement without cause by giving sixty (60) days advance written notice to
     the other party.  LVG may terminate this Agreement immediately for cause
     upon written notice, which notice will include a ten (10) day opportunity
     to cure.

12.  Confidentiality

     Both parties agree that they will not disclose to third parties
     Confidential Information, proprietary information and/or trade secrets, to
     include BuyGolf customer information, of the other which is not in the
     public domain, without the others' prior written permission.

     A. Confidential Information will only be used by the parties in furtherance
     of this business relationship.

     B. LVG represents and warrants that it will not use BuyGolf's Confidential
     Information to solicit or develop business directly with BuyGolf's
     customers.

13.  Notices

     All notices and other communications relating to this Agreement or its
     terms will be in writing and mailed via first class United States Postal
     Service, certified or registered with return receipt requested or via
     facsimile.  All notices so mailed will be deemed received two (2) days
     after postmark date and facsimiles will be deemed received upon
     notification of successful transmission.

__________________________

[***] Confidential treatment has been requested for the bracketed portions.  The
 ---
     confidential redacted portion has been omitted and filed separately with
     the Securities and Exchange Commission.

                                       4
<PAGE>

14.  Entire Agreement

     This Agreement (including any Exhibits and Addenda) constitutes the entire
     Agreement between the parties regarding the resale of Product, and will
     cancel terminate and supersede any and all previous agreements, proposals,
     representations, or statements, whether oral or written.  The terms of this
     Agreement will supersede the terms of any invoice or purchase order issued
     by either party.  Any modifications of this Agreement must be in writing
     and signed by an authorized representative of each party.

15.  Governing Law

     This Agreement will be deemed made in the State of California and will be
     governed by and construed in accordance with California laws, excluding its
     conflicts or choice of law rule or principles which might refer to the law
     of another jurisdiction.  The state and federal courts situated in Orange
     County,  California will have non-exclusive jurisdiction and venue over any
     dispute or controversy which arises out of this Agreement.

16.  Headings

     This Agreement may be executed in any number of original counterparts, each
     of which when executed and delivered will be deemed to be an original and
     all of which taken together will constitute but one and the same
     instrument.  Headings in this Agreement are included for convenience of
     reference only and will not constitute a part of this Agreement for any
     other purpose.

This Agreement will become effective as of the last date of signature by the
authorized parties below.

BuyGolf.com, Inc.                         Las Vegas Golf & Tennis, Inc.

By:  /s/ Bradford Allen                   By:  /s/ Tom Hurford
     --------------------                      -----------------

Name:  Bradford Allen                     Name:  Tom Hurford
       ------------------                        ---------------

Title:  President/CEO                     Title:  President
        -----------------                         --------------

Date:  5/3/99                             Date:  5/3/99
       ------------------                        ---------------

                                       5
<PAGE>

                            First Amended Agreement

This First Amended Agreement ("Agreement") is made by and between BuyGolf.com,
Inc., a Delaware corporation ("BuyGolf"), with its principal place of business
at 1705 S. Coast Highway, Suite D, Laguna Beach, California 92651 and Las Vegas
Golf & Tennis, Inc., a Nevada corporation ("LVG") with its principal place of
business at 2701 Crimson Canyon Drive, Las Vegas, Nevada 89128.

1.   Purpose

     The purpose of this Agreement is to amend the terms and conditions of that
     certain agreement by and between the parties hereto dated May 3, 1999 for
     the purchase and resale by BuyGolf and LVG of various golf and tennis
     equipment, accessories and related merchandise and all other merchandise
     that LVG sells ("Product").  The foregoing notwithstanding, the term
     "Product shall not include any proprietary Product bearing LVG's trade
     names or marks, including by way of example only, Vision Golf(R).

2.   Terms of Sale

     A.   All Product sales will be subject to LVG's then-current [***] as
                                                                   ---
     maintained in its inventory control and point of sale software system
     ("POS") at the time of purchase ("[***]").
                                        ---

     B.   BuyGolf agrees to name LVG as BuyGolf's Primary Distribution Source
     ("Primary Source").  As Primary Source LVG will be BuyGolf's first contact,
     subject to Product availability, for all BuyGolf's Product needs.

     C.   LVG and BuyGolf will work toward the implementation of LVG's
     Distribution Systems interface ("IMDSI") which provides real-time pricing
     and availability.

3.   Ordering

     A.   BuyGolf will compile, update, and provide LVG with Product order
     information. The Product order information will include the (i) Product
     types(s) by LVG's department codes, (ii) unit quantity, (iii) LVG SKU
     number, (iv) BuyGolf's resale price, and (v) correct shipping address.
     BuyGolf personnel will identify for each Product order, the ship-to
     destination as either BuyGolf, BuyGolf's customer, or to some other
     specified third party. LVG will, subject to Product availability, use its
     best efforts to fill and ship all Product orders placed by BuyGolf within
     [***] of order receipt.
      ---

     B.   For government orders, BuyGolf will compile, update, and provide LVG
     with the following Product order information: (i) Product type(s) by LVG's
     department codes, (ii) unit quantity, (iii) end user name and zip code, and
     (iv) government contract number. BuyGolf personnel will identify, for each
     Product order, the ship-to destination as either

__________________________

     [***] Confidential treatment has been requested for the bracketed portions.
      ---
     The confidential redacted portion has been omitted and filed separately
     with the Securities and Exchange Comission.

                                       1
<PAGE>

     BuyGolf, BuyGolf's customer, or to some other specified third party. LVG
     will, subject to Product availability, use its best efforts to fill and
     ship all Product orders placed by BuyGolf within [***] of order receipt.

     C.   LVG will accept orders, via facsimile, and via LVG and BuyGolf
     approved electronic ordering methods only from those who identify
     themselves as BuyGolf personnel and provide the LVG customer number prior
     to placing the order. LVG will have no obligation to confirm the validity
     of any order placed or the authority of the person placing an order in this
     manner. BuyGolf will disclose its LVG customer number only to its personnel
     with a need to know.

4.   Pricing and Payment Terms

     A. All Product prices will be at the [***] as shown in LVG's online POS
                                           ---
     system as of the date of order, plus [***] to LVG.
                                           ---

     B. As LVG's [***] change, LVG's price to BuyGolf shall be adjusted to
                  ---
     reflect such changes. BuyGolf shall have reasonable rights to audit LVG's
     books and records to verify LVG's [***], on reasonable notice, and at
                                        ---
     BuyGolf's sole expense.

     C. If any manufacturer/publisher has agreed to make available [***] to
                                                                    ---
     BuyGolf for Products sold by LVG ("[***]") and upon LVG's approval, then
                                         ---
     LVG shall pass through such [***] to BuyGolf via a credit memo. [***]
                                  ---                                 ---
     opportunities are subject to LVG's available on-hand inventory. LVG shall
     employ its best efforts to calculate such [***] for sales to BuyGolf, and
                                                ---
     to pass through any such credits to BuyGolf within [***] days of LVG's
                                                         ---
     receipt of any such rebate or recognition of any such discount.

     D. LVG will Invoice BuyGolf on the first and the sixteenth of each calendar
     month and all Invoices will be due and payable net [***] from the invoice
                                                         ---
     date.

     E. Beginning April 1, 2000 all Product prices will be at the [***] as shown
                                                                   ---
     in LVG's on line POS system as of the date of order, plus the following
     percentage:

     -----------------------------------------------------------------------
                  Annual Sales                            Percentage
                  -------------                           -----------
     -----------------------------------------------------------------------
                      [***]                                  [***]%
                       ---                                    ---
     -----------------------------------------------------------------------
                      [***]                                  [***]%
                       ---                                    ---
     -----------------------------------------------------------------------
                      [***]                                  [***]%
                       ---                                    ---
     -----------------------------------------------------------------------

5.   Shipping

     A. All orders will be shipped FOB origin, BuyGolf's carrier of choice, with
     all ground freight charges for Product orders paid by [***]. In the event
                                                            ---
     an authorized BuyGolf representative requests a priority shipping method,
     BuyGolf agrees to use an LVG authorized carrier and to [***].
                                                             ---
________________________

     [***] Confidential treatment has been requested for the bracketed portions.
      ---
The confidential redacted portion has been omitted and filed separately with the
Securities and Exchange Comission.

                                       2
<PAGE>

     B. LVG will ship orders directly to BuyGolf's customers upon BuyGolf's
     request.

6.   Returns

     A. All returns must be accompanied by a valid BuyGolf return authorization
     ("RA") number. Each return must be packaged separately for each RA and
     contain only Product specified on that RA,

     B. Defective Products - In accordance with manufacturer warranties, BuyGolf
        ------------------
     may return to LVG for replacement or credit, any defective Product.

     C. Unauthorized Returns - Any Product not authorized for return by BuyGolf
        --------------------
     and not prominently marked with the RA number on the shipping carton shall
     be designated as an Unauthorized Return ("UR"). LVG shall refuse delivery
     of all UR.

     D. Mislabeled Returns - Mislabeled Returns ("MR") shall include by way of
        ------------------
     example only, Product returned that as new Product is not in a resalable
     condition, or Product returned as defective that is not in fact defective.
     Any MR received by LVG will be assigned a value by LVG in the exercise of
     its discretion. That Value shall be promptly communicated to BuyGolf in
     writing, together with the RA number accompanying any such MR Product.
     BuyGolf shall have the sole responsibility of resolving any such dispute
     with its customer. Within ninety days of delivery of the advice of value
     and RA number to BuyGolf, BuyGolf shall advise LVG as to whether to reship
     the MR Product at BuyGolf's expense or whether BuyGolf will accept the
     assigned value as a credit on its account with LVG. Absent any instructions
     from BuyGolf in such ninety (90) days, LVG shall apply a credit to
     BuyGolf's account for the assigned value, which credit shall be deemed
     final and LVG shall be free to dispose of the MR Product as LVG deems
     appropriate.

     E. In the event of return of Product and replacement at BuyGolf's request,
     BuyGolf or its customer shall pay all costs of shipping, and shall be
     entitled to any shipping costs paid by the manufacturer of the Product, if
     any.

     F. LVG reserves the right to change its return policies as stated herein
     without notice upon notification from manufacturers or vendors of changes
     in their returns polices,

7.   Reconciliation

     Both parties mutually agree to reconcile BuyGolf's account every [***].  In
                                                                       ---
     order to allow appropriate credits to be applied, BuyGolf agrees to provide
     appropriate documentation to LVG and wait [***] from disputed claim before
                                                ---
     debiting LVG for any reason.

----------------------------------
     [***] Confidential treatment has been requested for the bracketed portions.
      ---
     The confidential redacted portion has been omitted and filed separately
     with the Securities and Exchange Commission.

                                       3
<PAGE>

8.   Marketing Funds

     LVG will pass through, in the form of a credit memo, [***] provided by
                                                           ---
     vendors for BuyGolf provided BuyGolf provides LVG with the necessary
     contract authorizing LVG to deduct the funds from the vendor.  BuyGolf will
     provide marketing claims or invoice to LVG within [***] of activity along
                                                        ---
     with a copy of the proof of performance if applicable.

9.   Shares of Stock of BuyGolf

     In consideration of the pricing provisions of the original agreement,
     together with other good and valuable consideration, and upon commencement
     thereof, BuyGolf has delivered to LVG a common stock certificate for the
     number of shares of BuyGolf's common stock equal to 7.50% of BuyGolf's
     authorized and issued shares of common stock outstanding on the effective
     date of the original agreement.  So long as LVG holds said shares of
     BuyGolf's common stock, LVG shall be entitled to designate a person to
     serve as one member of BuyGolf's board of directors and hereby designates
     Thomas E. Hurford.  BuyGolf shall take all required action to amend its
     Articles of Incorporation and/or By Laws to provide adequate assurance that
     LVG will maintain the right to designate the person to serve as such a
     member of BuyGolf's board of directors.  LVG's right to designate such a
     director shall terminate upon the termination date of the original
     agreement or upon the sale of BuyGolf's business, or substantially all of
     it's assets, by merger, stock sale or other means.

10.  Terms and Termination

     This First Amended Agreement shall commence April 1, 2000 and shall be
     effective until March 31, 2003.  All terms and conditions contained in the
     original agreement dated May 3, 1999 shall continue to be effective up to
     and including March 31, 2000.  LVG may terminate this Agreement immediately
     in the event of a default in payments, upon written notice to the other
     party, which notice will include a ten (10) day opportunity to cure.  This
     Agreement shall automatically renew for successive two year periods unless
     notice is given by a party to the other within ninety (90) days of the
     expiration of the then current term.

11.  Confidentiality

     Both parties agree that they will not disclose to third parties
     Confidential information, proprietary information and/or trade secrets, to
     include BuyGolf customer information, of the other which is not in the
     public domain, without the others' prior written permission.

     A. Confidential Information will only be used by the parties in furtherance
     of this business relationship.

-------------------------------
     [***] Confidential treatment has been requested for the bracketed portions.
      ---
     The confidential redacted portion has been omitted and filed separately
     with the Securities and Exchange Commission.

                                       4
<PAGE>

     B. LVG represents and warrants that it will not use BuyGolf's Confidential
     Information to solicit or develop business directly with BuyGolf's
     customers.

12.  Notices

     All notices and other communications relating to this Agreement or its
     terms will be in writing and mailed via first class United States Postal
     Service, certified or registered with return receipt requested or via
     facsimile.  All notices so mailed will be deemed received two (2) days
     after postmark date and facsimiles will be deemed received upon
     notification of successful transmission.

13.  Entire Agreement

     This Agreement (including any Exhibits and Addenda) constitutes the entire
     Agreement between the parties regarding the resale of Product, and upon the
     effective date will cancel terminate and supersede any and all previous
     agreements, proposals, representations, or statements, whether oral or
     written.  The terms of this Agreement will supersede the terms of any
     invoice or purchase order issued by either party.  Any modifications of
     this Agreement must be in writing and signed by an authorized
     representative of each party.

14.  Governing Law

     This Agreement will be deemed made in the State of California and will be
     governed by and construed in accordance with California laws, excluding its
     conflicts or choice of law rule or principles which might refer to the law
     of another jurisdiction.  The state and federal courts situated in Orange
     County, California will have non-exclusive jurisdiction and venue over any
     dispute or controversy, which arise out of this Agreement,

15.  Headings

     This Agreement may be executed in any number of original counterparts, each
     of which when executed and delivered will be deemed to be an original and
     all of which taken together will constitute but one and the same
     instrument.  Headings in this Agreement are included for convenience of
     reference only and will not constitute a part of this Agreement for any
     other purpose.

16.  Assignment

     This Agreement may not be assigned by either party without the prior
     written consent of the other party, provided, however, either party may
     assign this Agreement without such consent to (i) any person or entity that
     acquires its business, or substantially all of its assets, by merger, stock
     sale, or other means or, (ii) to a subsidiary or an affiliate which is at
     least 50% owned and controlled by assignor.  This Agreement will be binding
     on and inure to the benefit of BuyGolf and LVG and their respective
     permitted successors and permitted assigns.

                                       5
<PAGE>

17.  Exclusivity and Non-compete

     LVG expressly warrants and agrees, during the term of this agreement, not
     to provide fulfillment services to any persons or entities conducting
     business on the internet (or conducting e-commerce) except for BuyGolf and
     its affiliates or assigns.  Further, LVG expressly warrants and agrees that
     it will not, during the term of this Agreement, become an internet
     competitor to BuyGolf, meaning LVG will not, directly or indirectly, offer
     any of its Products for sale via the internet.  The foregoing
     notwithstanding, LVG shall only be entitled to sell proprietary Product
     bearing LVG's trade name or marks, including by way of example only, Vision
     Golf(R), to an internet retail enterprise that is licensed to use the LVG
     trade name or marks in an internet retail enterprise.

This Agreement will become effective as of April 1, 2000.

BuyGolf.com, Inc.                                 Las Vegas Golf & Tennis, Inc.

By:  /s/ Bradford Allen                           By:  /s/ Tom Hurford
   ------------------------------                    -------------------------
Name:  Bradford Allen                             Name:  Tom Hurford
     ----------------------------                      -----------------------
Title:  President/CEO                             Title:  President
      ---------------------------                       ----------------------
Date:  9/11/99                                    Date:  9/10/99
     ----------------------------                      -----------------------

                                       6

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