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                                                                  EXHIBIT 10.2a

               FIRST AMENDMENT TO TRANSFER AND SERVICING AGREEMENT

                                   COMPUCREDIT
                     CREDIT CARD MASTER NOTE BUSINESS TRUST

         THIS FIRST AMENDMENT TO TRANSFER AND SERVICING AGREEMENT (this
"AMENDMENT") is hereby executed as of September 7, 2000, among CompuCredit
Funding Corp., as Transferor (the "TRANSFEROR"), CompuCredit Corporation, as
Servicer (the "SERVICER"), CompuCredit Credit Card Master Note Business Trust,
as Issuer (the "ISSUER"), and The Bank of New York, as Indenture Trustee (the
"INDENTURE TRUSTEE").

                                   WITNESSETH:

         WHEREAS, the Transferor, the Issuer, the Indenture Trustee and the
Servicer entered into that certain Transfer and Servicing Agreement, dated as of
July 14, 2000 (the "TRANSFER AND SERVICING AGREEMENT"), which the parties wish
to amend in certain respects as provided herein:

         NOW, THEREFORE, in consideration of the promises and of the mutual
covenants and agreements hereinafter set forth, the parties hereto hereby agree
as follows:

          Section 1. AMENDMENTS TO THE TRANSFER AND SERVICING AGREEMENT.

          (a) The definition of "Account" is hereby amended to delete the words
"and (e)" in the fourth line of such definition.

          (b) The definition of "Account Schedule" is hereby amended to delete
the words "no later than twelve (12) months" in clause (b) thereof and replace
it with the words "as soon as practicable."

          (c) The definition of "Eligible Account" is hereby amended to (i)
delete the word "and" after paragraph (e) thereof, (ii) delete the period at the
end of paragraph (f) thereof and replace it with a semi-colon and (iii) add the
following paragraphs (g) and (h) to such definition:

                           (g) does not have any Receivables that give rise to
         any claim against any government agency, including, without limitation,
         the United States or any state thereof, or any agency, instrumentality,
         or department thereof; and

                           (h) has been originated in accordance with the Credit
         Card Guidelines.

          (d) The definition of "Eligible Receivable" is hereby amended to (i)
delete the word "and" after paragraph (f) thereof, (ii) delete the period at the
end of paragraph (g) thereof and replace it with a semi-colon, and (iii) add the
following paragraphs (h) - (l) to such definition:

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                           (h) which, at the time of transfer to the Issuer, has
         not been waived or modified except as permitted in accordance with the
         Credit Card Guidelines and which waiver or modification is reflected in
         the Servicer's computer file of revolving credit card accounts;

                           (i) which, at the time of transfer to the Issuer, is
         not subject to any right of rescission, setoff, counterclaim or any
         other defense (including defenses arising out of violations of usury
         laws) of the Obligor, other than defenses arising out of applicable
         bankruptcy, insolvency, reorganization, moratorium or other similar
         laws affecting the enforcement of creditors' rights in general;

                           (j) as to which, at the time of transfer to the
         Issuer, the Account Owner shall have satisfied all of its obligations
         required to be satisfied by such time;

                           (k) as to which, at the time of transfer to the
         Issuer, none of the Transferor, CompuCredit or the Account Owner, as
         the case may be, has taken any action which would impair, or omitted to
         take any action the omission of which would impair, the rights of the
         Issuer, any Series Enhancer or the Noteholders therein; and

                           (l) the inclusion of which in the assets of the
         Issuer would not cause the aggregate outstanding balance of Receivables
         with respect to which executive officers of CompuCredit or, to the
         knowledge of the Transferor, any employees of CompuCredit, are Obligors
         to exceed $1,000,000.

         (e) The definition of "Finance Charge Receivables" is hereby amended
to (i) delete the word "after" after the words "if any," in the twelfth line
thereof and replace such word with the words "beginning in the Monthly Period
following the Monthly Period in which" and (ii) insert the word "occurs" after
the words "Discount Option Date" in the twelfth line thereof.

         (f) Section 2.01(d) is hereby amended to (i) delete the words "or
subsequent" in the fifth line thereof and replace such words with the words "on
or prior" and (ii) delete Section 2.01(d)(ii) thereof and replace it with the
following:

         (ii) on or prior to each such date referred to in clause (i), to
         deliver to the Owner Trustee an Account Schedule (PROVIDED that such
         Account Schedule shall be provided in respect of Automatic Additional
         Accounts as soon as practicable after the Determination Date
         immediately succeeding the related Monthly Period during which their
         respective Addition Dates occur), specifying for each such Account as
         of the Initial Cut-Off Date, Addition Cut-Off Date, Automatic Addition
         Termination Date or Automatic Addition Suspension Date, as applicable,
         its account number, bank identification number, bank number, the
         aggregate amount outstanding in such Account and the aggregate amount
         of Principal Receivables outstanding in such Account.

         (g) Section 2.02 is hereby amended to (i) delete the words "the
penultimate" in the fourth line of the first sentence in Section 2.02(a) thereof
and (ii) insert subclause "(d)" after the word "paragraph" in the fourth line of
Section 2.02(a) thereof.

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         (h) Section 2.04(a)(vi) is hereby amended to insert the words ", and
in the case of each Supplemental Account, satisfies the conditions set forth in
Section 2.09(g)" at the end of Section 2.04(a)(vi) thereof.

         (i) Section 2.05 is hereby amended to add the following sentence to
the end of Section 2.05(a) thereof:

         The Transferor shall also have delivered an Officer's Certificate to
         each Rating Agency describing the nature of such breach and the manner
         in which the relevant representation and warranty became true and
         correct.

         (j) Section 2.06 is hereby amended to delete subclause "(iv)" and
replace it with subclause "(v)" in the second line of the first sentence in
Section 2.06 thereof.

         (k) Section 2.09 is hereby amended to delete Section 2.09(e) thereof
and replace it with the following:

                  (e) REQUIRED SUPPLEMENTAL ADDITIONS. Except as otherwise
         provided in SECTION 2.05(b) and SECTION 3.08(a), if, (i) during any
         period of thirty consecutive days, the Transferor Amount is less than
         the Required Transferor Amount for that period, the Transferor shall
         cause to be designated additional Eligible Accounts to be included as
         Accounts in a sufficient amount (or such lesser amount as shall
         represent all Eligible Accounts constituting open end credit card
         accounts then available to the Transferor under the Receivables
         Purchase Agreements) such that the average of the Transferor Amount as
         a percentage of the Average Principal Receivables for such 30-day
         period, computed by assuming that the amount of the Principal
         Receivables of such additional Accounts shall be deemed to be
         outstanding in the Trust Estate during each day of such 30-day period,
         is at least equal to the Required Transferor Amount, or (ii) on the
         last Business Day of any Monthly Period, the aggregate amount of
         Principal Receivables is less than the Required Minimum Principal
         Balance, the Transferor shall designate additional Eligible Accounts to
         be included as Accounts in a sufficient amount (or such lesser amount
         as shall represent all Eligible Accounts constituting open end credit
         card accounts then available to the Transferor under the Receivables
         Purchase Agreements) such that the aggregate amount of Principal
         Receivables will be equal to or greater than the Required Minimum
         Principal Balance. Receivables from such additional Eligible Accounts
         shall be transferred to the Issuer on or before the tenth (10th)
         Business Day following such 30-day period or the last Business Day of
         such Monthly Period, as the case may be.

         (l) Section 2.09 is hereby amended to add the following paragraph (i)
to the end thereof:

                  (i) Notwithstanding anything to the contrary herein, any
         portfolio of credit card accounts which has been acquired and not
         originated by an Account Owner may not be included as Accounts until
         the Transferor shall have received written confirmation from each
         Rating Agency that such designation will not result in a reduction or

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         withdrawal of the rating by such Rating Agency of any outstanding
         Series or Class as to which it is a Rating Agency.

         (m) Section 3.08 is hereby amended to delete the words "seven (7) days
after" in the last sentence of Section 3.08(a), and replace such words with the
words "the close of business on the date of."

         (n) Section 4.05 is hereby amended to delete the words "agreement
amount" in the sentence of Section 4.05(y), and replace such words with the
words "aggregate amount."

         (o) Section 6.03 is hereby amended to delete the word "gross" in the
eighth line of Section 6.03 thereof.

         (p) Section 8.01 is hereby amended to add the following sentence to the
end of the paragraph that immediately follows Section 8.01(d) (after the
definition of "Termination Notice" and the proviso following such definition):

         The Indenture Trustee shall notify each Rating Agency of any Servicer
         Default of which a Responsible Officer has actual knowledge and shall
         provide each Rating Agency with a copy of any Termination Notice given
         to the Servicer and the Owner Trustee pursuant to this SECTION 8.01.

         (q) Section 8.03 is hereby amended to add the words "and each Series
Enhancer" at the end of Section 8.03.

         (r) Section 10.01 is hereby amended to delete the first sentence of
Section 10.01(a) thereof and replace it with the following:

         This Agreement may be amended from time to time by the Servicer, the
         Transferor, the Issuer and the Indenture Trustee, by a written
         instrument signed by each of them, without consent of any of the
         Noteholders or the Series Enhancers, (i) to cure any ambiguity, (ii) to
         correct or supplement any provisions herein which may be inconsistent
         with any other provisions herein, (iii) to add any other provisions
         with respect to matters or questions arising under this Agreement which
         shall not be inconsistent with the provisions of this Agreement;
         PROVIDED, HOWEVER, that such action shall not adversely affect in any
         material respect the interest of any of the Noteholders or any Series
         Enhancer. The Transferor shall provide notice of any such amendment to
         each Rating Agency.

         (s) Section 10.13 is hereby amended to delete the word "Indenture" in
the first line of Section 10.13 thereof and replace it with the word
"Agreement."

         (t) Schedule II is hereby deleted in its entirety and replaced with the
Schedule II attached hereto as Exhibit A.

         (u) Exhibit B-2 is hereby amended to delete the words "1 and 2" in
paragraph 4 thereof and replace such words with the words "2 and 3."

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          Section 2. EFFECTIVE DATE. This Amendment shall become effective as of
the date first above written.

          Section 3. GOVERNING LAW. THIS AMENDMENT WILL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

          Section 4. COUNTERPARTS. This Amendment may be executed in any number
of counterparts and by different parties hereto in separate counterparts, each
of which when so executed shall be deemed to be an original and all of which
when taken together shall constitute one and the same agreement.

         Section 5. SEVERABILITY. In case any provision in or obligation under
this Amendment shall be invalid, illegal or unenforceable in any jurisdiction,
the validity, legality and enforceability of the remaining provisions or
obligations, or of such provision or obligation in any other jurisdiction, shall
not in any way be affected or impaired thereby.

         Section 6. DEFINITIONS. Unless otherwise defined herein, all
capitalized terms used herein shall have the meanings given to such terms, or
incorporated by reference, in the Transfer and Servicing Agreement.

                    [SIGNATURES SET FORTH ON FOLLOWING PAGE]

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         IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed on the date first above written.

<TABLE>
<S>                                    <C>
                                       COMPUCREDIT FUNDING CORP.,
                                       as Transferor

                                       By:  ___________________________
                                            Name:
                                            Title:

                                       COMPUCREDIT CORPORATION,
                                       as Servicer

                                       By:  ___________________________
                                            Name:    Ashley L. Johnson
                                            Title:   Treasurer

                                       COMPUCREDIT CREDIT CARD
                                       MASTER NOTE BUSINESS TRUST,
                                       as Issuer

                                       By: Wilmington Trust FSB, Owner Trustee

                                       By:   ___________________________
                                             Name:
                                             Title:

                                       THE BANK OF NEW YORK,
                                       as Indenture Trustee

                                       By:   ___________________________
                                             Name:
                                             Title:
</TABLE>

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ACCEPTED AND AGREED:

ENTERPRISE FUNDING CORPORATION,
as Purchaser

By:  _______________________________
     Name:
     Title:

BANK OF AMERICA, N.A,
as Agent

By:  _______________________________
     Name:
     Title:

VARIABLE FUNDING CAPITAL
CORPORATION, a Delaware corporation,
as Purchaser

By:   First Union Securities, Inc.,
      attorney-in-fact

By:   ______________________________
      Name:
      Title:

FIRST UNION SECURITIES, INC.,
a Delaware corporation, as Deal Agent

By:   ______________________________
      Name:
      Title:

FIRST UNION NATIONAL BANK, a national banking association,
as Liquidity Agent

By:   ______________________________
      Name:
      Title:

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THREE PILLARS FUNDING CORPORATION, a Delaware corporation,
as Purchaser

By:   _______________________________
      Name:
      Title:

SUNTRUST EQUITABLE SECURITIES CORPORATION, a Tennessee corporation,
as Deal Agent

By:   _______________________________
      Name:
      Title:

SUNTRUST BANK, a national banking association,
as Liquidity Agent

By:   _______________________________
      Name:
      Title:

SHEFFIELD RECEIVABLES CORPORATION, a Delaware corporation,
as Purchaser

By:   _______________________________
      Name:
      Title:

BARCLAYS BANK PLC,
as Agent

By:   _______________________________
      Name:
      Title:

TWIN TOWERS INC.,
as Class A Purchaser and Class B Purchaser

By:   _______________________________
      Name:
      Title:

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DEUTSCHE BANK AG,
as Administrative Agent and Agent

By:  _______________________________
     Name:
     Title:

By:  _______________________________
     Name:
     Title:<PAGE>
                                                                    Exhibit 10.1

                              AMENDED AND RESTATED
                              EMPLOYMENT AGREEMENT

        THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT ("Agreement") is entered
into by and between Dara Khosrowshahi ("Executive") and USA Networks, Inc., a
Delaware corporation (the "Company"), and is effective July 24, 2000, (the
"Effective Date").

        WHEREAS, the Company and Executive are parties to an employment
agreement dated April 5, 2000 (the "Prior Employment Agreement").

        WHEREAS, the parties now wish to amend and restate the Prior Employment
Agreement in its entirety as set forth in this Agreement.

        NOW, THEREFORE, in consideration of the mutual agreements hereinafter
set forth, Executive and the Company have agreed and do hereby agree as follows:

EMPLOYMENT. The Company agrees to employ Executive as Executive Vice
President--Operations and Strategic Planning, and Executive accepts and agrees
to such employment. During Executive's employment with the Company, Executive
shall do and perform all services and acts necessary or advisable to fulfill the
duties and responsibilities as are commensurate and consistent with his position
and shall render such services on the terms set forth herein. During Executive's
employment with the Company, Executive shall report directly to the Company's
Chief Executive Officer or, in the Company's discretion, the Company's Chief
Executive Officer and the Company's Vice Chairman (hereinafter collectively
referred to as the "Reporting Officer"). Executive shall have such powers and
duties with respect to the Company as may reasonably be assigned to him by the
Board of Directors of the Company or the Reporting Officer, to the extent
consistent with his position and status as set forth above. Executive agrees to
devote all of his working time, attention and efforts to the Company and to
perform the duties of his position in accordance with the Company's policies as
in effect from time to time. Executive's principal place of employment shall be
the Company's offices in New York City; however, Executive's position shall
require frequent long-distance travel on Company business.

TERM OF AGREEMENT. The term ("Term") of this Agreement shall commence on the
Effective Date and shall continue until March 3, 2003, unless sooner terminated
in accordance with the provisions of Section 4 hereof.

COMPENSATION.

BASE SALARY.            The Company shall pay Executive an annual base salary at
                        the rate of $450,000 per year (the "Base Salary"),
                        payable in equal biweekly installments or in accordance
                        with the Company's payroll practice as in effect from
                        time to time. For all purposes under this Agreement, the
                        term "Base Salary" shall refer to Base Salary, including
                        increases, if any, made from time to time.

DISCRETIONARY BONUS.    During the Term, Executive shall be eligible to
                        participate in the Company's discretionary annual
                        incentive bonus plan.

STOCK OPTIONS.

In consideration of Executive's entering into this Agreement, Executive has been
granted under the Company's 1997 Stock and Annual Incentive Plan (the "USAi
Plan") a non-qualified stock option (the "USAi Option") to purchase an
additional 300,000 shares of the common stock, par value $.01 per share, of the
Company (the "Company's Common Stock"), which grant was approved by the
Compensation Committee of the Board of Directors of the Company on August 25,
2000.The exercise price of the Option is $24.9375.Such USAi Option shall vest
and become exercisable in four equal installments on each of the first, second,
third and fourth anniversaries of the Effective Date, provided that the Option
shall become 100% vested and exercisable upon a Change in Control (as such term
is defined in the Plan), and as provided in Section 4(d) of this Agreement.

Executive hereby acknowledges that the 100,000 options to purchase the Company's
Common Stock proposed to be granted to Executive under the Company's 1997 Stock
and Annual Incentive Plan (the "USAi Plan") in December 1999 were not granted.
Executive further acknowledges that as a result of his resignation from the

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Boards of Director of Ticketmaster Online-CitySearch, Inc. ("TMCS") and
Styleclick Inc. ("Styleclick"), Executive has agreed to forfeit all options to
purchase shares of TMCS and Styleclick, as more fully described in the letters
dated September 21, 2000 to each of TMCS and Styleclick.

The Company acknowledges that Executive shall retain all rights in and to all
other options to purchase shares of the Company's Common Stock and to all shares
of Restricted Stock, in each case previously granted to Executive under the USAi
Plan and the HRN 2000 Stock Plan, including without limitation, (A) the 15,000
shares of Restricted Stock granted on December 20, 1999 (30,000 shares after
giving effect to the 2-for-1 stock split of the Company's Common Stock effective
February 24, 2000); (B) the option to purchase 100,000 shares of Class A Common
Stock, par value $.01 per share, of Hotel Reservations Network, Inc. ("HRN
Common Stock") granted on February 22, 2000 with an exercise price of $16.00;
(C) the option to purchase 100,000 shares of HRN Common Stock granted on April
5, 2000 with an exercise price of $15.50 (together with the options described in
clause (B) of this paragraph (iii), the "HRN Options"); and (D) the option to
purchase 100,000 shares of the Company's Common Stock granted on April 5, 2000
with an exercise price of $20.8675 (the "Prior USAi Option").

The the USAi Option, the Prior USAi Option and the HRN Options (collectively,
the "2000 Options") shall expire upon the earlier to occur of (x) ten years from
the date of the respective grant or (y) except as otherwise provided in the
award agreement for any such option or in Section 4 of this Agreement, 90 days
following the termination of Executive's employment with the Company for any
reason. The Prior USAi Option and the HRN Options shall vest as set forth in the
Prior Employment Agreement. The 2000 Options shall not become vested and
exercisable as a result of the termination or non-renewal of this Agreement (or
the termination of Executive's employment with the Company) for any reason,
except as provided in Section 4(d).

BENEFITS.               From the Effective Date through the date of termination
                        of Executive's employment with the Company for any
                        reason, Executive shall be entitled to participate in
                        any fringe, welfare, health and life insurance and
                        pension benefit and incentive programs as may be adopted
                        from time to time by the Company on the same basis as
                        that provided to peer corporate executives of the
                        Company. Without limiting the generality of the
                        foregoing, Executive shall be entitled to the following
                        benefits:

REIMBURSEMENT FOR BUSINESS EXPENSES. During the Term, the Company shall
reimburse Executive for all reasonable and necessary expenses incurred by
Executive in performing his duties for the Company, including, without
limitation, expenses for travel related to the business of the Company
(including expenses in respect of his wife in accompanying him during such
travel) and entertainment expenses on the same basis as peer executives in
accordance with the Company's policies.

VACATION. During the Term, Executive shall be entitled to four weeks of paid
vacation per year, or such longer period as may be provided by the Company, in
accordance with the plans, policies, programs and practices of the Company
applicable to peer corporate executives of the Company generally.

TERMINATION OF EXECUTIVE'S EMPLOYMENT.

DEATH.          In the event Executive's employment hereunder is terminated by
                reason of Executive's death, (i) the Company shall pay
                Executive's designated beneficiary or beneficiaries within 30
                days of his death his Base Salary through the end of the month
                in which death occurs in a lump sum in cash; (ii) all
                outstanding equity incentive awards (including, without
                limitation, the Additional Stock Options) which are vested and
                which have not been exercised by Executive shall remain
                exercisable for a period of one year following the date of
                Executive's death or, if earlier, until the end of the
                applicable option term; and (iii) the Company shall pay
                Executive's designated beneficiary or beneficiaries within 30
                days of his death in a lump sum in cash any Accrued Obligations
                (as defined in subparagraph 4(f) below).

DISABILITY.     If, as a result of Executive's incapacity due to physical or
                mental illness ("Disability"), Executive shall have been absent
                from the full-time performance of his duties with the Company
                for a period of four consecutive months and, within 30 days
                after written notice is provided to him by the Company, he shall
                not have returned to the full-time performance of his duties,
                Executive's employment under this Agreement may be terminated by
                the Company or Executive for Disability. During any period prior
                to such termination during

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                which Executive is absent from the full-time performance of his
                duties with the Company due to Disability, the Company shall
                continue to pay Executive his Base Salary at the rate in effect
                at the commencement of such period of Disability, offset by any
                amounts payable to Executive under any disability insurance plan
                or policy provided by the Company. Upon termination of
                Executive's employment for Disability, (i) the Company shall pay
                Executive within 30 days of his Disability his Base Salary
                through the end of the month in which termination occurs in a
                lump sum in cash, offset by any amounts payable to Executive
                under any disability insurance plan or policy provided by the
                Company; (ii) all outstanding equity incentive awards
                (including, without limitation, the Additional Stock Options)
                which are vested and which have not been exercised by Executive
                shall remain exercisable for a period of one year following the
                date of Executive's Disability or, if earlier, until the end of
                the applicable option term; and (iii) the Company shall pay
                Executive within 30 days of his Disability in a lump sum in cash
                any Accrued Obligations (as defined in subparagraph 4(f) below).

TERMINATION FOR CAUSE. The Company may terminate Executive's employment
                under this Agreement for Cause at any time prior to the
                expiration of the Term. As used herein, "Cause" shall mean: (i)
                the plea of guilty to, or conviction for, the commission of a
                felony offense by Executive; PROVIDED, HOWEVER, that after
                indictment, the Company may suspend Executive from the rendition
                of services, but without limiting or modifying in any other way
                the Company's obligations under this Agreement; (ii) a material
                breach by Executive of a fiduciary duty owed to the Company;
                (iii) a material breach by Executive of any of the covenants
                made by him in Section 5 hereof; or (iv) the willful and gross
                neglect by Executive of the material duties required by the
                Agreement. In the event of termination for Cause, this Agreement
                shall terminate without further obligation by the Company,
                except for the payment of any Accrued Obligations (as defined in
                subparagraph 4(f) below).

TERMINATION BY THE COMPANY OTHER THAN FOR DEATH, DISABILITY OR CAUSE OR
                BY EXECUTIVE FOR GOOD REASON. If Executive's employment is
                terminated by the Company for any reason other than Executive's
                death or Disability or for Cause, or Executive terminates his
                employment for Good Reason (as defined below), then A) the
                Company shall pay Executive the Base Salary through the end of
                the Term over the course of the then remaining Term; and B) the
                2000 Options shall immediately vest and they and any other then
                outstanding portion of the 2000 Options held by Executive shall
                remain outstanding for one year from the date of such
                termination or, if earlier, the end of the term of any such 2000
                Options; and the Company shall pay Executive within 30 days of
                the date of such termination in a lump sum in cash any Accrued
                Obligations (as defined in subparagraph 4(f) below). As used
                herein, "Good Reason" shall mean the occurrence of any of the
                following: (i) the Company's material breach of any of the
                provisions of this Agreement; (ii) any material adverse
                alteration in Executive's title, position, status, duties, level
                of reporting or responsibilities with the Company and (iii) any
                relocation of Executive's office outside of the New York
                metropolitan area. If on or prior to December 3, 2002, after
                written notice by Executive, such notice to be provided no later
                than November 3, 2002, the Company has not offered Executive an
                extension of the Term specifically until July 25, 2004 on the
                same terms as apply to the July 24, 2000 - March 3, 2003 period
                of the Term, if, and to the extent that, any of the USAi Options
                shall then not have vested, all of said unvested USAi Options
                other than those which are to vest on the fourth anniversary of
                the Effective Date shall also immediately vest and they and any
                other then outstanding portion of the 2000 Options held by
                Executive shall remain outstanding until March 3, 2004.

MITIGATION; OFFSET. In the event of termination of Executive's
                employment prior to the end of the Term, and Executive's
                obtaining other employment during the Term, all future Base
                Salary payable by the Company to Executive during the remainder
                of the Term shall be offset by the Base Salary paid to Executive
                from another employer. For purposes of this Section 4(e),
                Employee shall have an obligation to inform the Company
                regarding Executive's employment status following termination
                and during the period encompassing the Term.

ACCRUED OBLIGATIONS. As used in this Agreement, "Accrued Obligations"
                shall mean the sum of (i) any portion of Executive's Base Salary
                through the date of death, Disability or termination, as the
                case may be, which has not yet been paid; (ii) any compensation
                previously deferred by Executive (together with any interest or
                earnings thereon) that has not yet been paid; and (iii) any
                accrued but unpaid bonuses or other accrued incentive
                compensation as of the date of death, Disability or termination,
                as the case may be.

CONFIDENTIAL INFORMATION/NON-SOLICITATION.

CONFIDENTIALITY. Executive acknowledges that in his employment hereunder
                he will occupy a position of trust and confidence. Executive
                shall not, except as may be required to perform his duties
                hereunder or as required by

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                applicable law, without limitation in time or until such
                information shall have become public other than by Executive's
                unauthorized disclosure, disclose to others or use, whether
                directly or indirectly, any Confidential Information regarding
                the Company or any of its respective subsidiaries. "Confidential
                Information" shall mean information about the Company or any of
                its respective subsidiaries, and their respective clients and
                customers that is not disclosed by the Company or any of its
                respective subsidiaries for financial reporting purposes and
                that was learned by Executive in the course of his employment by
                the Company or any of its respective subsidiaries, including
                (without limitation) any proprietary knowledge, trade secrets,
                data, formulae, information and client and customer lists and
                all papers, resumes, and records (including computer records) of
                the documents containing such Confidential Information.
                Executive acknowledges that such Confidential Information is
                specialized, unique in nature and of great value to the Company
                and its respective subsidiaries, and that such information gives
                the Company and its respective subsidiaries a competitive
                advantage. Executive agrees to deliver or return to the Company,
                at the Company's request at any time or upon termination or
                expiration of his employment or as soon thereafter as possible,
                all documents, computer tapes and disks, records, lists, data,
                drawings, prints, notes and written information (and all copies
                thereof) furnished by the Company and its respective
                subsidiaries or prepared by Executive in the course of his
                employment by the Company and its respective subsidiaries.

NON-SOLICITATION OF EMPLOYEES. Executive recognizes that he will possess
                confidential information about other employees of the Company
                and its respective subsidiaries relating to their education,
                experience, skills, abilities, compensation and benefits, and
                inter-personal relationships with suppliers to and customers of
                the Company and its respective subsidiaries. Executive
                recognizes that the information he will possess about these
                other employees is not generally known, is of substantial value
                to the Company and its respective subsidiaries in developing
                their respective businesses and in securing and retaining
                customers, and will be acquired by him because of his business
                position with the Company. Executive agrees that, during the
                Term (and for a period of 24 months beyond the expiration of the
                Term), he will not, directly or indirectly, solicit or recruit
                any employee of the Company or any of its respective
                subsidiaries for the purpose of being employed by him or by any
                business, individual, partnership, firm, corporation or other
                entity on whose behalf he is acting as an agent, representative
                or employee and that he will not convey any such confidential
                information or trade secrets about other employees of the
                Company or any of its respective subsidiaries to any other
                person except within the scope of Executive's duties hereunder.

PROPRIETARY RIGHTS; ASSIGNMENT. All Executive Developments shall be made
                for hire by the Executive for the Company or any of its
                subsidiaries or affiliates. "Executive Developments" means any
                idea, discovery, invention, design, method, technique,
                improvement, enhancement, development, computer program,
                machine, algorithm or other work or authorship with respect to
                which the Executive may have any rights that (i) relates to the
                business or operations of the Company or any of its subsidiaries
                or affiliates, or (ii) results from or is suggested by any
                undertaking assigned to the Executive or work performed by the
                Executive for or on behalf of the Company or any of its
                subsidiaries or affiliates, whether created alone or with
                others, during or after working hours. All Confidential
                Information and all Executive Developments shall remain the sole
                property of the Company or any of its subsidiaries or
                affiliates. The Executive shall acquire no proprietary interest
                in any Confidential Information or Executive Developments
                developed or acquired during the Term. To the extent the
                Executive may, by operation of law or otherwise, acquire any
                right, title or interest in or to any Confidential Information
                or Executive Development, the Executive hereby assigns to the
                Company all such proprietary rights. The Executive shall, both
                during and after the Term, upon the Company's request, promptly
                execute and deliver to the Company all such assignments,
                certificates and instruments, and shall promptly perform such
                other acts, as the Company may from time to time in its
                discretion deem necessary or desirable to evidence, establish,
                maintain, perfect, enforce or defend the Company's rights in
                Confidential Information and Executive Developments.

COMPLIANCE WITH POLICIES AND PROCEDURES. During the Term, Executive shall adhere
                to the policies and standards of professionalism set forth in
                the Company's Policies and Procedures as they may exist from
                time to time.

REMEDIES FOR BREACH. Executive expressly agrees and understands that the
                remedy at law for any breach by Executive of this Section 5 will
                be inadequate and that damages flowing from such breach are not
                usually susceptible to being measured in monetary terms.
                Accordingly, it is acknowledged that upon Executive's violation
                of any provision of this Section 5 the Company shall be entitled
                to obtain from any court of competent jurisdiction immediate
                injunctive relief and obtain a temporary order restraining any
                threatened or further breach as well as an equitable accounting
                of all profits or benefits arising out of such violation.

                                       4
<PAGE>

                Nothing in this Section 5 shall be deemed to limit the Company's
                remedies at law or in equity for any breach by Executive of any
                of the provisions of this Section 5, which may be pursued by or
                available to the Company.

SURVIVAL OF PROVISIONS. The obligations contained in this Section 5 shall, to
                the extent provided in this Section 5, survive the termination
                or expiration of Executive's employment with the Company and, as
                applicable, shall be fully enforceable thereafter in accordance
                with the terms of this Agreement. If it is determined by a court
                of competent jurisdiction in any state that any restriction in
                this Section 5 is excessive in duration or scope or is
                unreasonable or unenforceable under the laws of that state, it
                is the intention of the parties that such restriction may be
                modified or amended by the court to render it enforceable to the
                maximum extent permitted by the law of that state.

NOTICES. All notices and other communications under this Agreement shall be in
writing and shall be given by first-class mail, certified or registered with
return receipt requested or hand delivery acknowledged in writing by the
recipient personally, and shall be deemed to have been duly given three days
after mailing or immediately upon duly acknowledged hand delivery to the
respective persons named below:

         If to the Company:    USA Networks, Inc.
                                  Carnegie Hall Tower
                                  152 West 57th Street
                                  New York, New York 10019
                                  Attention: General Counsel

         If to Executive:      Dara Khosrowshahi
                                  251 West 19th Street, Apartment 9B
                                  New York, New York 10011

Either party may change such party's address for notices by notice duly given
pursuant hereto.

TERMINATION OF PRIOR AGREEMENTS. Except as otherwise herein provided, this
Agreement constitutes the entire agreement between the parties and terminates
and supersedes any and all prior agreements and understandings among the parties
with respect to Executive's employment and compensation by the Company,
including, without limitation, the Prior Employment Agreement. The Company
acknowledges and agrees that neither Executive nor anyone acting on his behalf
has made, and is not making, and in executing this Agreement, the Company has
not relied upon, any representations, promises or inducements except to the
extent the same is expressly set forth in this Agreement.

ASSIGNMENT; SUCCESSORS. This Agreement is personal in its nature and none of the
parties hereto shall, without the consent of the others, assign or transfer this
Agreement or any rights or obligations hereunder, provided that, in the event of
the merger, consolidation, transfer, or sale of all or substantially all of the
assets of the Company with or to any other individual or entity, this Agreement
shall, subject to the provisions hereof, be binding upon and inure to the
benefit of such successor and such successor shall discharge and perform all the
promises, covenants, duties, and obligations of the Company hereunder, and all
references herein to the "Company" shall refer to such successor.

GOVERNING LAW. This Agreement and the legal relations thus created between the
parties hereto shall be governed by and construed under and in accordance with
the internal laws of the State of New York.

WITHHOLDING. The Company shall make such deductions and withhold such amounts
from each payment and benefit made or provided to Executive hereunder as may be
required from time to time by applicable law, governmental regulation or order.

HEADINGS. Section headings in this Agreement are included herein for convenience
of reference only and shall not constitute a part of this Agreement for any
other purpose.

WAIVER; MODIFICATION. Failure to insist upon strict compliance with any of the
terms, covenants, or conditions hereof shall not be deemed a waiver of such
term, covenant, or condition, nor shall any waiver or relinquishment of, or
failure to insist upon strict compliance with, any right or power hereunder at
any one or more times be deemed a waiver or relinquishment of such right or
power at any other time or times. This Agreement shall not be modified in any
respect except by a writing executed by each party hereto.

SEVERABILITY. In the event that a court of competent jurisdiction determines
that any portion of this Agreement is in violation of any law or public policy,
only the portions of this Agreement that violate such law or public policy shall
be stricken. All portions of this Agreement that do not violate any statute or
public policy shall continue in full force and effect. Further, any court order
striking any portion of this Agreement shall modify the stricken terms as
narrowly as possible to give as much effect as possible to the intentions of the
parties under this Agreement.

INDEMNIFICATION. The Company shall indemnify and hold Executive harmless for
acts and omissions in his capacity as

                                       5
<PAGE>

an officer, director or employee of the Company to the maximum extent permitted
under applicable law; provided, HOWEVER, that neither the Company, nor any of
its respective subsidiaries or affiliates shall indemnify Executive for any
losses incurred by Executive as a result of acts described in Section 4(c) of
this Agreement.

COUNTERPARTS. This Agreement may be executed in several counterparts, each of
which shall be deemed to be an original but all of which together will
constitute one and the same instrument.

        IN WITNESS WHEREOF, the Company has caused this Agreement to be executed
and delivered by its duly authorized officer and Executive has executed and
delivered this Agreement on September 21, 2000, effective as of July 24, 2000.

                                   USA NETWORKS, INC.

                                   ---------------------------------------------
                                   By: Julius Genachowski
                                       Senior Vice President and General Counsel

                                   ---------------------------------------------
                                                DARA KHOSROWSHAHI

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