Document:

AGREEMENT, dated January 3, 2000, by and between Acubid.com Inc., a
Delaware corporation with offices at 1947 Camino Vida Roble, Suite 102,
Carlsbad, California 92008 ("Acubid") and Jeffrey Marcus, with offices at 777
Third Avenue, 19th Floor, New Yord, New York 10017 ("Marcus").

                              W I T N E S S E T H:
                              - - - - - - - - - -

         WHEREAS, Marcus has performed legal services for Acubid and Acubid is
presently indebted to Marcus in the amount of Eighteen Thousand Seven Hundred
Fifty ($18,750.00) Dollars; and

         WHEREAS, Acubid desires to issue and deliver to Marcus twenty five
thousand (25,000) Shares of Common Stock, $.001 par value, of Acubid in payment
of the aforementioned $18,750.00, and marcus desires to accept 25,000 shares of
Acubid Common Stock in satisfaction of the aforesaid $18,750.00;

         NOW, THEREFORE, in consideration of the provisions herein contained,
the parties hereto hereby agree as follows:

         1. Acubid acknowledges that it is indebted to Marcus in the amount of
$18,750.00 for past services rendered to Acubid and hereby agrees to issue and
deliver to Marcus 25,000 Shares of its Common Stock, $.001 par value, in payment
of the aforesaid $18,750.00 debt and Marcus hereby agrees to accept 25,000
Shares of Acubid Common Stock, $.001 par value, as payment of the aforesaid
$18,750.00.

         2. Acubid hereby agrees to use its best efforts to register the 25,000
Shares of Acubid Common Stock issued to Marcus hereunder with the Securities and
Exchange Commission by filing a registration statement on Form S-8 with respect
to such Shares as soon as practicable following the issuance of such Shares.

<PAGE>
         3. This Agreement contains the entire understanding of the parties
hereto with respect to the subject matter contained herein and supercedes all
prior agreements and understandings between the parties.

         IN WITNESS WHEREOF the parties hereto have duly executed this Agreement
as of the day and year first above written.

                                             ACUBID.COM INC.

                                             By: /s/ Michael Schaffer
                                                --------------------------
                                                Michael Schaffer,
                                                  Chief Executive Officer

                                                /s/ Jeffrey Marcus
                                                -------------------------
                                                Jeffrey MarcusAGREEMENT, dated as of March 9, 2000, by and between Acubid.com Inc., a Delaware
corporation with offices at 1947 Camino Vida Roble, Suite 102, Carlsbad,
California 92008 ("Acubid") and Kristin M. Cano, with offices at One Corporate
Plaza Suite 110, Newport Beach, California 92660.

                              W I T N E S S E T H:

         WHEREAS, Kristin has performed legal services for Acubid and Acubid is
presently indebted to Kristin in the amount of Eighteen Thousand, Fifty Five and
25/100 dollars ($18,055.25) for services rendered through January 20, 2000; and,

         WHEREAS, Acubid desires to issue and deliver to Kristin twenty five
thousand (25,000) Shares of Common Stock, $.001 par value, of Acubid in payment
of the aforementioned $18,055.25, and Kristin desires to accept 25,000 Shares of
Acubid Common Stock in satisfaction of the aforesaid $18,055.25;

         NOW, THEREFORE, in consideration of the provisions herein contained,
the parties hereto herby agree as follows:

         1.       Acubid acknowledges that it is indebted to Kristin in the
                  amount of $18,055.25 for services rendered through February
                  29, 2000 to Acubid and hereby agrees to issue and deliver to
                  Kristin 25,000 Shares of its Common Stock, $.001 par value, in
                  payment of the aforesaid $18,055.25 debt and Kristin hereby
                  agrees to accept 25,000 Shares of Acubid Common Stock, $.001
                  par value, as payment of the aforesaid $18,055.25.

<PAGE>

         2.       Acubid hereby agrees to use its best efforts to register the
                  25,000 Shares of Acubid Common Stock issued to Kristin here
                  under with the Securities and Exchange Commission by filing a
                  registration statement of Form S-8 with respect to such Shares
                  as soon as practicable following the issuance of such Shares.

         3.       This Agreement contains the entire understanding of the
                  parties hereto with respect to the subject matter contained
                  herein and supercedes all prior agreements and understandings
                  between the parties.

                  IN WITNESS WHEREOF the parties hereto have duly executed this
agreement as of the day and year first above written.

                                           ACUBID.COM INC.

                                           By: /s/ Lawrence Schaffer
                                              -------------------------------
                                                  LAWRENCE SCHAFFER
                                                  President

                                               /s/ Kristin M. Cano
                                               ---------------------------------
                                                 KRISTIN M. CANO
                                                 Attorney at LawAcuBid.com Inc.

Joe Morgan
3525 Country Club Place
Danville, California 94506

Dear Mr. Morgan:

         This letter shall serve as an understanding of the agreement between
Joe Morgan (Advisor) and AcuBid.com Inc. (Company).

A:       Advisor agrees to perform the following functions for the Company.

1.       Act as a member of the Company's Sports Advisory Board.

2.       Advisor will assist the Company in obtaining and creating sports
         memorabilia to be sold on the Company's website.

3.       Advisor will assist the Company on an ongoing basis to develop a
         relationship with and obtain collectible items from active and retired
         professional athletes as the parties shall agree.

4.       Advisor shall grant the Company the right to use his name as a member
         of such board on all advertising endeavors undertaken by the Company.

5.       Advisor shall make himself available not less than 2 hours per month to
         hold online conversations with customers and clients of the Company on
         its website.

B:       Company Agrees to pay Advisor the Following Compensation

1.       20,000 Shares for the Company's Common Stock for services previously
         performed.

2.       25,000 options at $0.45 for services as an Advisory Board member. The
         options shall vest immediately and upon exercise and written notice to
         the Company the shares issued under this paragraph will be registered
         for sale under Section S8 of the Securities Act of 1934.

This agreement shall be renewable each year at the mutual agreement of the
parties for successive one year terms.

Agreed to by:

/s/ Joe Morgan      4-20-99        /s/ signature       4/19/99
-----------------   ----------     ------------------  ------------
Joe Morgan          Date           AcuBid.com Inc.     Date

             7720 B El Camino Real #503 Carlsbad, California 92009METRIS COMPANIES INC., as Issuer

                                       and

                           the Guarantors named herein

                               up to $250,000,000

                     10 1/8% Senior Notes due 2006, Series A
                     10 1/8% Senior Notes due 2006, Series B

                          FIRST SUPPLEMENTAL INDENTURE

                          Dated as of February 28, 2000

                                       TO

                                    INDENTURE

                            Dated as of July 13, 1999

                        THE BANK OF NEW YORK, as Trustee

<PAGE>

     FIRST SUPPLEMENTAL INDENTURE, dated as of February 28, 2000 among METRIS
COMPANIES,  INC., a Delaware  corporation (the "Company"),  the GUARANTORS named
herein and THE BANK OF NEW YORK, as Trustee (the "Trustee").

                                    RECITALS

     The Company and Metris Direct, Inc., as Guarantor (a "Guarantor"), has
heretofore executed and delivered to the Trustee a certain Indenture, dated as
of July 13, 1999 (the "Indenture"), pursuant to which the company issued and has
outstanding $150,000,000 aggregate principal amount of its 10 1/8% Senior Notes
due 2006, Series A (the "Securities") which Series may be exchanged into Series
B pursuant to the terms of the Indenture. All terms used in this First
Supplemental Indenture which are defined in the Indenture shall have the
meanings assigned to them in the Indenture.

     Pursuant to the terms of the Indenture, any Restricted Subsidiary of the
Company other than Securitization  Entities, which guarantee Indebtedness of the
Company, are to execute a Subsidiary Guarantee and deliver it to the Trustee.

     Metris Recovery Services, Inc., a Restricted Subsidiary ("Metris Recovery")
will be guaranteeing other Indebtedness of the Company simultaneously with the
execution of the Subsidiary Guarantee.

     Pursuant to Section 9.01(h), the Trustee may enter into a supplemental
indenture without the consent of any holder to add any subsidiary of the Company
as Guarantor.

     The Company has furnished the Trustee with (i) an Opinion of Counsel
stating that this Supplement complies with the provisions of Section 9.01(h);
(ii) a copy of the resolution of its Board of Directors certified by its
Secretary or Assistant Secretary; (iii) a copy of the resolutions of the Board
of Directors of Metris Recovery certified by its Secretary or Assistant
Secretary and (iv) the Security Guarantee of Metris Recovery.

     All things necessary to make this First Supplemental Indenture a valid
agreement of the Company and the Trustee and a valid amendment and supplement to
the Indenture have been done.

         NOW, THEREFORE, THIS FIRST SUPPLEMENTAL INDENTURE WITNESSETH:

     Each party hereto agrees as follows for the benefit of each other party and
for the equal and ratable benefit of Holders of the Securities, as follows:

                                    ARTICLE I

         SECTION 101. Pursuant to Section 4.13 of the Indenture, Metris Recovery
     has become a Guarantor under the Indenture, and has agreed pursuant to a
Security  Guarantee executed on the date hereof, to undertake the obligations of
Guarantor as set forth in Article Ten of the Indenture.

                                   ARTICLE II

     SECTION 201. For purposes of this First Supplemental Indenture, except as
otherwise herein expressly provided or unless the context otherwise requires:
(i) the terms and expressions used herein shall have the same meanings as
corresponding terms and expressions used in the Indenture: and (ii) the words
"herein", "hereof" and "hereby" and other words of similar import used in this
Second Supplemental Indenture refer to this Second Supplemental Indenture as a
whole and not to any particular section hereof.

     SECTION 202. Except as expressly amended hereby, the Indenture is in all
respects ratified and confirmed and all the terms, conditions and provisions
thereof shall remain in full force and effect.

     SECTION 203. This First Supplemental Indenture shall form a part of the
Indenture for all purposes, and every Holder of Securities heretofore or
hereafter authenticated and delivered shall be bound hereby.

     SECTION 204. This First Supplemental Indenture may be executed in any
number of counterparts,  each of which when so executed shall be deemed to be an
original,  and all of such  counterparts  shall together  constitute one and the
same instrument.

     SECTION 205. The Trustee makes no representation as to the validity or
sufficiency of this First Supplemental Indenture.

     SECTION 206. The Recitals contained herein shall be taken as the statements
of the Company, and the Trustee assumes no responsibility for their correctness.

     SECTION 207. This instrument shall be deemed to be a contract made under
the laws of the State of New York and for all purposes shall be governed by and
construed in accordance with the laws of the State of New York.

<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this First Supplemental
Indenture to be duly executed, all as of the first day and year first written
above.

                                       METRIS COMPANIES INC.

                                       By: /s/Paul T. Runice
                                       Name: Paul T. Runice
                                       Title: Senior Vice President, Treasurer

                                       METRIS DIRECT, INC.

                                       By: /s/Paul T. Runice
                                       Name: Paul T. Runice
                                       Title: Senior Vice President, Treasurer

                                       METRIS RECOVERY SERVICES, INC.

                                       By: /s/Jean C. Benson
                                       Name: Jean C. Benson
                                       Title: Treasurer

                                       THE BANK OF NEW YORK

                                       By: /s/
                                       Name:
                                       Title:

<PAGE>

                                SENIOR GUARANTEE

     For value received, the undersigned Guarantor (as defined in the Indenture
referred to in the Security upon which this notation is endorsed) hereby
unconditionally guarantees on a senior basis (such Guarantee by the Guarantor
being referred to herein as the "Guarantee") the due and punctual payment of the
principal of, premium, if any, and interest on the Securities, whether at
maturity, by acceleration or otherwise, the due and punctual payment of interest
on the overdue principal, premium and interest on the Securities, and the due
and punctual performance of all other obligations of the Company to the Holders
or the Trustee, all in accordance with the terms set forth in Article Ten of the
Indenture (as defined below). This Guarantee will become effective in accordance
with Article Ten of the Indenture and its terms shall be evidenced therein. The
validity and enforceability of any Guarantee shall not be affected by the fact
that it is not affixed to any particular Security.

     Capitalized terms used but not defined herein shall have the meanings
ascribed to them in the Indenture dated as of July 13, 1999, among Metris
Companies Inc., each of the Guarantors named therein and the Bank of New York,
as trustee, as amended or supplemented (the "Indenture").

     The obligations of the undersigned to the Holders of Securities and to the
Trustee pursuant to this Guarantee and the Indenture are expressly set forth in
Article Ten of the Indenture and reference is hereby made to the Indenture for
the precise terms of the Guarantee and all of the other provisions of the
Indenture to which this Guarantee relates.

     This Security Guarantee shall not be valid or obligatory for any purpose
until the certificate of authentication on the Securities upon which this
Security Guarantee is noted shall have been executed by the Trustee under the
Indenture by the manual signature of one of its authorized officers.

     This Security Guarantee shall be governed by and construed in accordance
with the laws of the State of New York without regard to principles of conflicts
of laws to the extent that the application of the laws of another jurisdiction
would be required thereby.

     This Security Guarantee is subject to release upon the terms set forth in
the Indenture.

                                               METRIS RECOVERY SERVICES, INC.

                                               By: /s/David R. Reak
                                               Name: David R. Reak
                                               Title: President

                                               By: /s/Jean C. Benson
                                               Name: Jean C. Benson
                                               Title: Treasurer

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