Document:

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                          MANAGEMENT RIGHTS AGREEMENT

     MANAGEMENT RIGHTS AGREEMENT, dated as of     , 2000, between Baring Asia
Private Equity Investments XIX Limited ("Asia") and SkyAuction.com, Inc., a
Delaware company ("SkyAuction") or (the "Company").

     WITNESSETH:

     WHEREAS, it is the intention of Asia that at all times beginning with the
date that it first acquires a long-term investment, it will be treated as a
"venture capital operating company" ("VCOC") for purposes of the Employee
Retirement Income Securities Act of 1974, as amended, and the regulations
promulgated thereunder ("ERISA"), which undertaking requires it to obtain
certain management rights in companies in which its invests and exercise those
management rights which are provided to it by such companies; and

     WHEREAS, Asia was formed for the purpose of making investments in venture
capital transactions and it intends to invest in SkyAuction.com, Inc.; and

     WHEREAS, the parties desire to enter into this Agreement to create and set
out certain "contractual management rights" that Asia will have with respect to
SkyAuction.com, Inc. within the meaning of ERISA.

     NOW, THEREFORE, in consideration of the promises and the mutual covenants
and agreement herein contained, the parties hereto do hereby agree as follows;

     1. Contractual Management Rights. SkyAuction.com. Inc. agrees that it will
provide Asia with the following "contractual management rights" within the
meaning of ERISA:

     (a) The right to appoint a person reasonably acceptable to the Company as a
non-voting observer (a "No-Voting Observer") to the Board of the Company and to
each committee of the Board, it being understood that Asia may from time to time
change the designation of such Non-Voting Observer subject to such observer
being reasonably acceptable to the Company. Any such Non-Voting Observer shall
be: (i) permitted to attend meetings of the Board of the Company, or each
committee of the Board in person or telephonically; and (ii) notified of any
meeting of any such board of directors or committee, including such meeting's
time and place, in the same manner as directors of the Company, and shall have
the same access to information (including any copies of all materials
distributed to members of the Board or a committee thereof) concerning the
business and operations of the Company and at the same time as

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directors of the Company, and shall have the same access to information
(including any copies of all materials distributed to members of the Board or a
committee thereof) concerning the business and operations of the Company and at
the same time as directors of the Company and shall be entitled to participate
in discussions and consult with and make proposals and furnish advice to, such
board of directors or committee, without voting, provided, however, that the
Company shall not be under any obligation to take any action with respect to any
proposals made or advice furnished by any Non-Voting Observer, other than to
take such proposals or advice seriously and to give due consideration thereto.

     (b) Upon reasonable written request to the Company (and subject to Asia's
delivery of a suitable confidentia1ity undertaking as required by the Company)
the right to: (i) receive management accounts of the Company and its
subsidiaries, including a balance sheet and profit and loss account; (ii)
receive on an annual basis, budgets and cash flow forecasts of the Company and
its subsidiaries (to the extent reasonably available); (iii) visit and inspect
any of the properties of the Company; and (iv) receive such additional
information as Asia may at any time reasonably request.

     (c) The right to meet with such management personnel of the Company as may
reasonably be designated by the Company, upon reasonable notice to the Company,
for the purpose of consu1t1ng with, advising and influencing management,
obtaining information, including any information designated as Confidential
Information by the Company, subject to Asia's representative entering into a
confidentiality agreement as required by the Company's counsel, regarding the
business and prospects of the Company or expressing the views of Asia on such
matters. The Company agrees to give due consideration to the advice given and
any proposals made by Asia.

     2. Amendment. This Agreement may be amended by a document which indicates
that it is intended to be an amendment hereto and which is executed by Asia and
SkyAuction.com, Inc. The parties agree that if legal counsel for Asia reasonably
concludes that the rights granted hereby should be altered to preserve the
qualification of Asia as a VCOC, or otherwise to ensure that the assets of Asia
are not considered "plan assets" of Asia for the purposes of ERISA, the Company
will consider in good faith any amendments to this Agreement to effect such
alterations.

     3.  Governing Law. This Agreement shall be governed by laws of the State
of Delaware.

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     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed by their duly authorized agents.

                          By: Baring Asia Private Equity Investments XIX Limited

                                   By: /s/ C. A. E. Helyar
                                       -----------------------------------------
                                         Title:  Director

                          By: SkyAuction.com, Inc.

                                  By:  /s/ Michael N. Hering
                                       -----------------------------------------
                                         Title:  CEO<PAGE>
                               JOINDER AGREEMENT
                               -----------------

     The undersigned is executing and delivering this Joinder Agreement pursuant
to an agreement between the undersigned and SkyAuction.com, Inc., a Delaware
corporation (the "Company") to purchase from the Company _______ Series A
Preferred Stock at a price per share of $71.84, for an aggregate consideration
of $____.

1.   By executing this Joinder Agreement, the undersigned hereby agrees to
become a party to, to be bound by, and to comply with the provisions of the
Series A Preferred Stock Purchase Agreement, dated March 17, 2000, executed by
and among the Company and the Investors named therein (the "Stock Purchase
Aareement"), as if the undersigned was an original Investor party to the Stock
Purchase Agreement. The undersigned hereby ratifies, as of the date hereof, all
representations and warranties and agrees to be bound by, all provisions
applicable to Investors contained in the Stock Purchase Agreement.

2.   By executing this Joinder Agreement, the undersigned hereby agrees to
become a party to, to be bound by, and to comply with the provisions of the
Stockholders' Agreement, dated March 17, 2000, executed by and among the Company
and the stockholders named therein (the "Stockholders' Agreement") as if the
undersigned was an original Stockholder party to the Stockholders' Agreement.
The undersigned hereby agrees to be bound by all provisions of the Stockholders'
Agreement.

3.   By executing this Joinder Agreement, the undersigned hereby agrees to
become a party to, to be bound by, and to comply with the provisions of the
Investors' Rights Agreement, dated March 17, 2000, executed by and among the
Company and the Investors named therein (the "Investors' Rights Agreement"), as
if the undersigned was an original Investor party to the Investors' Rights
Agreement. The undersigned hereby agrees to be bound by all provisions of the
Investors' Rights Agreement.

4.   The undersigned acknowledges and confirms that it has received a copy of
the Stock Purchase Agreement, the Stockholders' Agreement and the Investors'
Rights Agreement and all exhibits and schedules thereto. This Agreement will
become effective upon its execution by both parties.

IN WITNESS WHEREOF, the undersigned has executed this Joinder Agreement as of
the ______ day of March, 2000.

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

ACCEPTED AND AGREED TO:

SKY AUCTION.COM, INC.

By:
   ---------------------------------
Name:
     -------------------------------
Title:
      ------------------------------<PAGE>

                               SERVICES AGREEMENT

         Services Agreement, dated July 26, 2000 between SkyAuction.com, Inc.
("Sky") and Magical Holidays, Inc. ("Magical").

         WHEREAS, Magical desires to provide to Sky and Sky desires to receive
from Magical certain services, as described below.

         NOW THEREFORE, the parties have agreed to enter into this Agreement on
the following terms.

1.       The Services. During the term of this Agreement, Magical shall provide
         Sky the following services (collectively, the "Services"):

         a.       Upon Sky's request, Magical shall provide ticketing
                  fulfillment services for travel inventory sold by Sky
                  including, without limitation, printing tickets, record
                  keeping, electronic file maintenance, file access, data
                  storage, security features, report writing functionality and
                  communications with Sky's customers and inventory suppliers
                  (the "Fulfillment Services") for tickets sold and specifically
                  identified by Sky.

         b.       Magical shall: (i) conduct a day-to-day transaction review of
                  Sky's records of fulfilled transactions (the "Transaction
                  Review"); (ii) identify, analyze and report results with
                  respect to the adequacy and accuracy of its records; and (iii)
                  consult Sky with respect to the establishment, development,
                  management and implementation of an automated Transaction
                  Review system for Sky's records ((i), (ii) and (iii)
                  collectively, the "Transaction Review Services").

         c.       Magical shall: (i) allow Sky to use a reasonable amount of
                  resources maintained or held by Magical, including, without
                  limitation, office supplies and equipment, secretarial and
                  clerical services, telephone and data systems, etc.; and (ii)
                  make available to Sky volume discounts with suppliers
                  including credit card processing fees, and use of its credit
                  cards with higher limits than those currently available to Sky
                  (collectively, the "Additional Services").

         d.       Magical shall, at the request of Sky and in consideration for
                  fair market value (based on other offers for such room), make
                  available to Sky, for all periods other than periods
                  identified by Magical to Sky on two weeks advance notice, room
                  33B at Antigua Village, Dickinson Bay, Antigua, British West
                  Indies for the purposes of being auctioned on Sky's website.

         e.       To the extent reasonably requested by Sky consistent with
                  Magical's needs, Magical shall allow Sky to use a portion of
                  the office premises that Magical rents from third parties.

         All Services shall be provided according to the reasonable instructions
of Sky officers.

2.       Compensation. In consideration for the Services, and in addition to
         any other amounts specified in Section 1 above, Sky shall pay Magical
         as follows:

         a.       For each ticket for which Fulfillment Services are provided by
                  Magical, Sky shall pay Magical (i) a fulfillment fee, the
                  amount of which shall be: $20 for the period commencing on the
                  date hereof and ending on May 31, 2001, $25 for the period
                  commencing June 1, 2001 through May 31, 2002, and an amount
                  which shall be negotiated between the parties for any further
                  period (the "Fulfillment Fee"); and (ii) a $5

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                  additional services fee (in connection with the provision of
                  additional services) (the "Additional Services Fee").

         b.       Sky shall pay Magical $50,000 per quarter in consideration for
                  the Transaction Review Services (the "Transaction Review
                  Services Fee").

         c.       Sky shall pay its pro-rata portion (based on the average
                  square footage used by each party for each payment period) of
                  any rent paid with respect to office space which Magical
                  enables it to use.

3.       Right of First Refusal.  Magical shall grant Sky a right of first
         refusal to purchase any inventory to which it has access. For any such
         inventory sold by Sky it shall pay Magical: (i) the direct cost to
         Magical of such inventory; plus (ii) the Fulfillment Fee and the
         Additional Services Fee, if applicable.

4.       Non-Exclusive. This Agreement shall be a non-exclusive arrangement
         between the parties hereto and, subject to the provisions herein, will
         not limit the ability of Sky to purchase or Magical to sell, inventory
         or any other services from or to any third party.

5.       Non-Compete. For as long as this Agreement is in effect and for a
         period of two years thereafter, Magical shall not compete with Sky in
         the business of marketing and selling excess travel inventory utilizing
         an auction process through the Internet.

6.       Representations. Each party hereby warrants, represents and covenants
         to the other that: (i) it is a duly organized corporation, validly
         existing and in good standing in the state of its incorporation; (ii)
         it has the full authority to execute, deliver and perform this
         Agreement; (iii) this Agreement has been duly approved by the
         necessary corporate organs of such party, was duly executed by such
         party, and shall be enforceable against it in accordance with its
         terms; and (iv) the execution of this Agreement by such party does not
         contradict such party's Certificate of Incorporation, By-laws and any
         contract or other instrument to which such party is a party or is
         otherwise subject. In addition, Magical hereby warrants, represents
         and covenants to Sky that the provision of the Services and all other
         obligations of Magical under this Agreement comply with all applicable
         laws and regulations and Magical has all licenses and approvals
         necessary in order to provide the Services and fulfill its obligations
         as described herein.

7.       Term of Certain Services. Sky shall use its reasonable commercial
         efforts to effect, within 180 days of the date hereof, a transition of
         the knowledge and expertise and to implement systems, which shall
         enable it to provide itself with the Transaction Review Services and
         Administrative Services. Upon the completion of such transition and
         implementation and the provision of written notification to such
         effect by Sky to Magical, Magical shall cease providing the
         Transaction Review Services and the Additional Services and Sky shall
         cease paying Magical the Transaction Review Services Fee and the
         Additional Services Fee. At such time, the parties shall renegotiate
         the amount of the Fulfillment Fee.

8.       Term; Termination. This Agreement shall be in effect for a period of
         three years from the date first noted above and unless notice is given
         as provided below shall be automatically renewed for one year periods
         thereafter. Notwithstanding the above: (i) Sky may terminate this
         Agreement at any time, immediately upon providing written notice to
         Magical; and (ii) Magical may terminate this Agreement at any time,
         upon providing Sky 180 days prior written notice.

9.       No Partnership.  Magical shall act as a contractor of Sky and nothing
         in this Agreement shall be construed to create a partnership, agency
         or similar relationship between the parties or otherwise to permit
         Magical, in any way, to undertake any obligation or to bind or make
         any commitment on behalf of Sky.

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10.      Records. Magical shall create and maintain records concerning or
         related to any Services provided to Magical for no less than twelve
         months after such were provided. In addition, Magical shall not dispose
         of any such records without the prior written consent of Sky. Magical
         shall keep confidential and shall not disclose to any person, at any
         time, whether or not this Agreement is then in effect, any such records
         and any and all other information it receives from Sky in connection
         with this Agreement.

11.      Miscellaneous.  This Agreement: shall supersede any other agreements
         and contracts (written or oral) between the parties with respect to
         the subject matter hereof; be binding upon the parties and their
         respective successors and assigns; may be amended by the parties only
         by a written document signed by both parties hereto; shall be
         construed for all purposes in accordance with the laws of the State of
         New York; any and all disputes, disagreements and controversies with
         respect to this Agreement shall first be mediated by the parties
         hereto and, in the event such mediation is unsuccessful, thereafter
         resolved by binding arbitration by a single arbitrator, in New York,
         New York, pursuant to the Commercial Arbitration Rules of the American
         Arbitration Association; and neither party may assign this Agreement
         or any rights herein, or delegate any obligations hereunder, without
         the other party's prior written consent.

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first set forth herein.

         SKYAUCTION.COM, INC.

         By: /s/Salvatore Esposito
            ---------------------------
         Name: Salvatore Esposito
         Title: Chief Operating Officer

         MAGICAL HOLIDAYS, INC.

         By: /s/ Gail Hering
            ---------------------------
         Name: Gail Hering
         Title: Chief Executive Officer

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