Document:

<PAGE>
                                                  CONFIDENTIAL TREATMENT REQUEST

* Portions denoted with an asterisk have been omitted and filed separately with
  the Securities and Exchange Commission pursuant to a request for confidential
  treatment.

                                                                   EXHIBIT 10.23

                               FRY'S ELECTRONICS

                                CORPORATE OFFICE
                     600 E. BROKAW ROAD, SAN JOSE, CA 95112
                                 (408) 487-4500

                                VENDOR AGREEMENT

Company Name: NETGEAR                                  Telephone: (408)-988-2400

Company Address: 4401 Great America Pkwy, Santa Clara, CA 95052-8185

Sales Contact: John Malloy                             Acctg. Contact:__________

INTRODUCTION

-        In order to formalize our relationship, we require all Vendors to sign
         a Vendor Agreement with Fry's Electronics, Inc. ("Fry's"). This Vendor
         Agreement will serve to clarify any questions you may have on how Fry's
         does business with its Vendors. It is our desire to establish a
         relationship that is beneficial to us both.

-        Fry's conducts its business in accordance with the highest professional
         and ethical standards. Fry's policy prohibits the solicitation or
         acceptance of any bribe, kickback or gratuity by any Fry's employee in
         the transaction of its business. The payment of any bribe, kickback or
         gratuity is not a condition for doing business with Fry's. Vendor shall
         report any violation of this policy to Fry's Vice President or General
         Manager located at 600 East Brokaw Road, San Jose, California, 95112,
         (408) 487-4500.

TERMS OF PRICING

The following terms of pricing shall be deemed to be included in all Fry's
purchase orders:

-        For products that are purchased directly from the manufacturer, the
         Vendor agrees that all prices offered to Fry's will be no higher than
         any other like reseller for the same quantity purchased.

-        All product in stock and/or owned by Fry's, the price of which is
         reduced by Vendor, shall be covered by price protection in the form of
         a credit by Vendor and/or debit memo by Fry's without any requirement
         that Fry's buy additional product. Price protection is the amount equal
         to [*]. If there are no outstanding invoices to offset, Vendor shall
         pay Fry's, in the form of a check, the amount of the price protection.

TERMS OF PURCHASE

The following terms of purchase shall be deemed to be included in all Fry's
purchase orders:

-        Product reorder payment terms must be at least [*].

<PAGE>

-        All payment terms are from the date that Fry's receives the goods.
         Verification of date of receipt may be obtained by the Vendor from the
         Shipper based on the Bill of Lading shipping date.

-        Under no circumstances shall Fry's be liable for interest, service
         charges, late charges or similar charges incurred due to late payment.

-        Fry's has the right to offset credits against any outstanding invoices.
         These credits include, but are not limited to, returned merchandise
         credits, market development funds, co-op advertising funds, or price
         protection credits.

-        All purchase orders are for immediate shipment unless specifically
         written as a future order.

-        Vendor performance is continually reviewed by the length of time it
         takes to receive and turn each product

TERMS OF SHIPPING

The following terms of shipping shall be deemed to be included in all Fry's
purchase orders:

-        All product shall be shipped at Vendor's expense to the individual
         Fry's store designated in the purchase order.

-        Fry's will pay only the cost of the product received and will deduct
         from the invoice any additional line item charges such as shipping,
         handling or insurance.

-        Title to and risk of loss of the product shall remain with the Vendor
         until received by Fry's.

-        Product damages in transit will be refused and shall promptly be
         removed from the Fry's store where delivered by Vendor at Vendor's
         expense.

-        Any and all shortages shall be deducted from the invoices, including
         concealed shortages.

-        Any product shipped on pallets to the Fremont, CA location must be
         delivered by a truck with a lift gate. Any palletized product not so
         delivered to Fremont, CA will be refused.

TERMS OF RETURN OF PRODUCT

Fry's shall have the following rights to return product purchased from Vendor:

-        Upon the termination of Vendor's relationship with Fry's, Fry's may
         return any product purchased from Vendor in Fry's inventory at the time
         of termination for a full refund of the purchase price of the returned
         product.

-        No restocking or similar fees shall be charged by Vendor for any
         returned product.

-        All returned product will be a credit against other purchases by Fry's,
         which will not furnish invoice numbers nor serial numbers from the
         original invoices. If there are no outstanding invoices to offset,
         Vendor shall pay Fry's for returned product.

                                      -2-

<PAGE>

-        Vendor hereby issues to Fry's the following blanket Returned
         Merchandise Authorization Number QTR RMA's for the return of defective
         merchandise, customer dissatisfaction returns, products that have been
         discontinued by manufacturer.

-        Cost of shipment and risk of defective merchandise, customer
         dissatisfaction returns, or products that have been discontinued by
         manufacturer shall be at Vendor's expense.

WARRANTY AND INDEMNITY

-        Vendor warrants that all products sold to Fry's [*] by a Fry's
         customer. In Fry's California stores, this is per Civil Code Section
         1790-1795.8, Song-Beverly Consumer Warranty Act. Any product purchased
         by Fry's from Vendor, which is returned by a customer of Fry's for
         defect, shall be returned to Vendor for credit, repair or replacement
         in accordance with the terms of return above.

ADVERTISING AND MARKET DEVELOPMENT FUNDS

-        Vendor has the responsibility to develop demand for its products and to
         ensure that product is available to meet demand. The Vendor is
         encouraged to state in its advertising that its product is available to
         Fry's. Fry's shall preapprove, in writing, any use of its name or logo.

-        Fry's would like the opportunity to support and promote Vendor's
         products in its local markets, as well. To do this, it is expected that
         the Vendor [*]. The Vendor may also be asked for support on occasion
         for special Fry's marketing events, such as new store openings and
         specialized media campaigns. Program details are available through the
         Purchasing Department. For all orders, Vendors agrees to allow Fry's
         [*]. Vendor is encouraged to maintain contact with the buying
         organization to ensure that Vendor's products are being properly
         marketed.

-        Vendor may also be asked to participate in radio, television and/or
         print advertising campaigns to develop markets. Any such advertising
         shall be the subject of a separate agreement. All agreed-upon print
         advertising [*]. Fry's will not supply proof of performance with
         respect to cooperative advertising.

SERVICE

ELECTRICAL TESTING AND CERTIFICATIONS

-        Vendors selling products to be sold at Fry's stores located in the City
         of Los Angeles agree that they will complete all Los Angeles
         code-required electrical testing and subsequent labeling of all
         electrical equipment that will be displayed, offered for sale, or
         employed for personal or business use. Electrical equipment includes
         material, fitting devices, appliances, fixtures, apparatus and the like
         used as part of, or in connection with, an electrical installation. An
         electrical installation is defined as, in essence, machines or
         apparatus operating on alternating current. An example would be items
         which are directly plugged into the wall. If testing and labeling
         requirements are not adhered to, Fry's shall remove the product from
         sale, use or display and shall return the product for credit in the
         amount of its purchase price as provided in the terms of return above.

                                      -3-

<PAGE>

GENERAL TERMS OF AGREEMENT

The following general terms shall apply to this Agreement:

-        The relationship between both Fry's and Vendor will begin on the date
         the Vendor Agreement is completed and signed by an officer or agent of
         Vendor's company and an authorized representative of Fry's.

-        The terms of this Agreement shall override and supersede any
         conflicting terms in any other document between the parties including,
         but not limited to, Vendor's invoices.

-        All chargebacks (such as unearned payment terms, deductions for
         shortages, price protection, advertising, return product shortages,
         return product pricing errors) aged more than [*] will require the
         Vendor to immediately place Fry's on Credit Hold, otherwise the
         chargeback will be forgiven by Vendor and Fry's will no longer be
         liable for the chargeback. Chargebacks are not considered to be shipped
         invoices.

-        All notices should be sent to:

                              Kathryn J. Kolder, Vice President
                              Fry's Electronics, Inc.
                              600 E. Brokaw Road
                              San Jose, CA 95112

-        If legal action is necessary to enforce or interpret this Agreement of
         any of its provisions, the prevailing party shall receive its
         reasonable attorneys' fees and costs at the option of the court.

-        This Agreement may be terminated by either party upon thirty (30) days
         written notice to the other party. All agreements of Vendor contained
         herein, including, but not limited to, those related to returns,
         warranty and indemnity shall survive termination.

-        The parties agree that the place of making and performance of this
         Agreement in the City of San Jose, County of Santa Clara, State of
         California and that the exclusive venue for any action to enforce or
         for breach of this Agreement shall be in the courts of the State of
         California, in the County of Santa Clara.

-        This Agreement shall be interpreted and construed according to the laws
         of the State of California.

-        In the event that any one or more of the provisions, or parts of any
         provisions, contained in this Agreement shall for any reason be held to
         be invalid, illegal or unenforceable in any respect by a court of
         competent jurisdiction, the same shall not invalidate or otherwise
         affect any other provision hereof, and this Agreement shall be
         construed as if such invalid, illegal or unenforceable provision, or
         part of any provision, had never been contained herein.

REFERENCE INFORMATION

Vendor must supply the following information:

Company Legal Name of Company: NETGEAR INC., A NORTEL NETWORKS COMPANY

                                      -4-

<PAGE>

Address: 4401 GREAT AMERICA PARKWAY SANTA CLARA, CA 95052-8185

Telephone Number: (408)-988-2400

The Company mentioned above is a: [X] Corporation [ ] Partnership [ ] Sole
Proprietor [X] Other: SUBSIDIARY

Taxpayer I.D.:______________________ OR Social Security Number:________________

Provide the name, address and telephone number of the bank that the
above-mentioned Company uses and the person to contact at this bank for a
reference:

Bank Name: ____________________________________ Contact Name: __________________

Address: _______________________________________________________________________

Telephone Number: ____________________

List the name of the Purchasing Supervisor who will be Vendor's contact at
Fry's: ___________________

List the name and telephone number of the person at Vendor for Fry's to contact
should there be difficulties processing this Agreement:

Name: ______________________________________ Phone: ____________________________

FRY'S CURRENT BILLING ADDRESS

The current billing address is Fry's Electronics, Inc., Accounts Payable Dept.,
600 East Brokaw Road, San Jose, California 95112. All invoices or communications
regarding invoices should be sent to this address until further notice.

I have read the above-mentioned Agreement and agree to all its terms and
conditions, and Addendum I & II.

VENDOR                                            FRY'S ELECTRONICS, INC.

Date:  __________________________________         Date:  10/21/98

By:    __________________________________         By:    /S/ ILLEGIBLE
                                                         -------------

Title: __________________________________         Title: VP
             (Must be an Officer)

                                      -5-

<PAGE>
                                                  CONFIDENTIAL TREATMENT REQUEST

* Portions denoted with an asterisk have been omitted and filed separately with
  the Securities and Exchange Commission pursuant to a request for confidential
  treatment.

                              FRY'S CONTRACT TERMS
                                ADDENDUM 10/8/98

The following is an Addendum to Fry's Electronics standard Vendor Agreement
dated March 26, 1998:

DISCOUNT:         [*]

TERMS OF PRICING

     1.  Price protection must be submitted to NETGEAR within [*] after a price
         change.

TERMS OF RETURN OF PRODUCT

     1.  NETGEAR will provide RMA numbers that will be valid for [*] at a time.

     2.  The total value of returned products is not to exceed [*] of the net
         shipments of the previous quarter. Exceptions can be made if mutually
         agreed upon.

     3.  Remote guidelines for return of product for initial orders.

     4.  Return of product will be allowed if NETGEAR causes the termination.

WARRANTY AND INDEMNITY

     1.  NETGEAR will not be responsible for issues not directly related to
         their product. Claims made by Fry's regarding NETGEAR products while
         selling and advertising, are to be based only on materials provided by
         NETGEAR.

     2.  LIMITATION. These warranties do not apply to any Product which has been
         (i) altered, except by NETGEAR or in accordance with its instructions,
         or (ii) used in conjunction with another vendor's product if such use
         results in the defect, or (iii) damaged by improper environment, abuse,
         misuse, accident or negligence. Replacement parts furnished under this
         warranty may be refurbished or contain refurbished components.

THE FOREGOING WARRANTIES AND LIMITATION ARE EXCLUSIVE REMEDIES AND RE IN LIEU OF
ALL OTHER WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, WITHOUT ANY LIMITATION,
WARRANT OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. ANY PRODUCT THAT
MAY BE FURNISHED BY NETGEAR WHICH IS NOT LISTED IN THE PRICE LIST, OR WHICH IS
IDENTIFIED IN THE PRICE LIST AS AN "AS IS" PRODUCT IS FURNISHED "AS IS" WITH NO
WARRANTIES OF ANY KIND.

SERVICE

         1.      Delete section on service - NETGEAR provides factory service
                 only.

GENERAL TERMS OF AGREEMENT

     1.  Change sixty (60) days to ninety (90) days from receipt of check date.

<PAGE>

     2.  A direct relationship is not possible without monthly sales results and
         inventory levels. This is an accounting and financial requirement that
         is necessary for NETGEAR to book the sales to Fry's.

SOFTWARE

     1.  Retailer may procure for and distribute licenses to use NETGEAR
         software and accompanying documentation by placing orders under this
         Agreement. The terms of the licenses for such Software to which
         end-users are subject are included as a "shrink-wrap" license agreement
         with the Software and in its accompanying documentation when shipped by
         NETGEAR (the "License Agreement"). Retailer agrees that for each
         Software product it procures under this Agreement, Retailer will (i)
         assure the delivery of the License Agreement to its customers and (ii)
         use reasonable efforts to inform its resale customers of the
         requirement to deliver the License Agreement to their end-user
         customers in the form supplied by NETGEAR with the Products.

     2.  Retailer may not, nor authorize its resale customers or the end-user
         to, translate, decompile, disassemble, use for any competitive
         analysis, or reverse engineer the Software or its documentation, in any
         way. Retailer may not, nor authorize its resale customers or the
         end-user to, translate any portion of the Software or associated
         documentation into any other format or foreign language without the
         prior written consent of NETGEAR. In no event may Retailer grant the
         U.S. Government rights in any Software greater than those set out in
         subparagraphs (a) through (d) of the Commercial Computer Software -
         Restricted Rights clause at FAR 52.227-19 and the limitations for
         civilian agencies set out in the License Agreement; and subparagraph
         (e)(l)(ii) of the Rights in Technical Data and Computer Software clause
         at DFARS 252.227-7013 for agencies of the Department of Defense.

     3.  If all or part of the NETGEAR products or updates delivered to Retailer
         have been licensed by NETGEAR from a third party software supplier,
         then, notwithstanding anything to the contrary contained in this
         Agreement, Retailer and its resale customers or the end-user is granted
         a sublicense to the third party software subject to the same terms and
         conditions as those contained in the agreement between that third party
         supplier and NETGEAR and/or Bay Networks. NETGEAR reserves the right to
         substitute any third party software in the NETGEAR Products so long as
         the new third party software does not materially affect the
         functionality of the NETGEAR Products.

NETGEAR                                              FRY'S ELECTRONICS, INC.

Date:  12/1/98                                       Date:  10/21/98

By:    /S/ ILLEGIBLE                                 By:    /S/ ILLEGIBLE
       -------------------------                            --------------------

Title: VP, GM, WPD                                   Title: VP

                                      -2-

<PAGE>

                                   ADDENDUM II

WARRANTY

WARRANTY PERIOD. The warranty period for each Product is specified in the Price
List that is in effect on the date NETGEAR receives Fry's order, and shall apply
regardless of any extended warranty period which you may choose to provide to
your customers. NETGEAR reserves the right to change a warranty period for a
specific Product but only for orders placed after the effective date of such
change. The minimum warranty period for any Product shall be one year or as
otherwise required by law.

HARDWARE WARRANTY. NETGEAR warrants to the end-user that each item of Hardware
will be free from defects in workmanship and materials for its respective
warranty period which begins on the date of purchase by the end-user. End-user's
exclusive remedy and NETGEAR's sole obligation and liability under this warranty
is to promptly repair or replace any failed Product returned by Fry's on behalf
of an end-user because of defects in workmanship or material.

SOFTWARE WARRANTY. NETGEAR warrants to the end-user that each item of Software,
as delivered or updated by NETGEAR and properly installed and operated on the
Hardware or other equipment it is originally licensed for, will function during
its respective warranty period substantially as described in the user
documentation supplied by NETGEAR with the Software. If any item of Software
ails to so perform during its warranty period, as the sole remedy NETGEAR will
at its discretion provide a suitable fix, patch or workaround for the problem
which may be included in a future revision of the Software. For specific
Software which is distributed by NETGEAR as a licensee of third parties,
additional warranty terms offered by such third parties to end-users may apply
and will be included in the documentation supplied with the software.

LIMITATIONS. NETGEAR does not warrant that any item of Software is error free or
that its use will be uninterrupted. NETGEAR is not obligated to remedy any
Software defect which cannot be reproduced with the latest revision of the
Software. These warranties do not apply to any Product which has been (i)
altered, except by NETGEAR or in accordance with its instructions, (ii) used in
conjunction with another vendor's product resulting in the defect, or (iii)
damaged by improper environment, abuse, misuse, accident or negligence.
Replacement parts furnished under this warranty may be refurbished or contain
refurnished components.

THE FOREGOING WARRANTIES AND LLIMITATIONS ARE EXCLUSIVE REMEDIES AND ARE IN LIEU
OF ALL OTHER WARRANTIES EXPRESS OR IMPLIED, INCLUDING, WITHOUT ANY LIMITATION,
WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. THE FOREGOING
NOTWITHSTANDING, IN FRY'S CALIFORNIA STORES, NETGEAR'S OBLIGATIONS UNDER
WARRANTY SHALL BE PER CIVIL CODE SECTION 1790-1795.8, SONG-BEVERLY CONSUMER
WARRANTY ACT.

INFRINGEMENT INDEMNIFICATION

NETGEAR agrees to indemnify Fry's against any claim that the Products infringe
any U.S. patent, copyright or trademark, provided that Fry's (1) gives NETGEAR
prompt written notice of any claim, (2) grants NETGEAR control of the defense
and settlement of such claim, and (3) assists fully in the defense so long as
NETGEAR pays Fry's out-of-pocket expenses. NETGEAR shall have no liability for
any settlement or compromise made without its prior written consent. NETGEAR
shall, at is option and expense, (i) procure

<PAGE>

the right for the end-user to continue using the Product, (2) replace or modify
the Product so that it becomes noninfringing or (3) accept return of the Product
and refund an amount equal to the price paid by Fry's for the infringing
Product.

NETGEAR shall have no liability or obligation for any infringement claim based
upon (1) modifications of the Products by parties other than NETAGEAR or use of
such modified Product or (2) use of the Products in combination with materials
or products not supplied or approved by NETGEAR if such combined use is the
cause of the infringement.

THE ABOVE STATES THE ENTIRE LIABILITY OF NETGEAR AND IS THE SOLE AND EXCLUSIVE
REMEDY WITH RESPECT TO CLAIMS OF INFRINGEMENT OF PROPRIETARY RIGHTS OF ANY KIND.

LIABILITY

NETGEAR agrees to indemnify Fry's against any claim arising out of or resulting
from the Products, provided that any such claim (1) is attributable to bodily
injury or death or to injury to or destruction of physical property (other than
the Products) and (2) is caused by a negligent act or omission of NETGEAR. This
obligation on the part of NETGEAR shall exist only if you (1) give NETGEAR
prompt written notice of any such claim, (2) grant NETGEAR control of the
defense and settlement of such claim, and (3) assist fully in the defense so
long as NETGEAR pays the out-of-pocket costs. NETGEAR shall have no liability
for any settlement or compromise made without its prior written consent.

EXCEPT AS OTHERWISE REQUIRED BY LAW, NETGEAR SHALL NOT UNDER ANY CIRCUMSTANCES
BE LIABLE TO ANY PERSON FOR ANY SPECIAL, INCIDENTAL, INDIRECT OR CONSEQUENTIAL
DAMAGES, INCLUDING, WITHOUT LIMITATION, DAMAGES RESULTING FROM USE OR
MALFUNCTION OF THE PRODUCTS, LOSS OF PROFITS OR REVENUES OR COSTS OF REPLACEMENT
GOODS, EVEN IF NETGEAR IS INFORMED IN ADVANCE OF THE POSSIBILITY OF SUCH
DAMAGES.

Except as specifically provided for in this Agreement or as required by law, in
no event will NETGEAR's liability in connection with the Products or this
Agreement exceed the amounts actually paid to NETGEAR under this Agreement for
the Products giving rise to such liability. These limitations apply to all
causes of action in the aggregate.

                                                FRY'S ELECTRONICS, INC.

                                                /S/ Kathryn J. Kolder

                                                Kathryn J. Kolder, V.P.

                                      -2-<PAGE>
                                                  CONFIDENTIAL TREATMENT REQUEST

* Portions denoted with an asterisk have been omitted and filed separately with
  the Securities and Exchange Commission pursuant to a request for confidential
  treatment.

                                                                   EXHIBIT 10.24

                                                            AGREEMENT NO._______

                                 NETGEAR, INC.
                        RETAIL OUTLET RETAILER AGREEMENT

PARTIES TO THE AGREEMENT

This Agreement is entered into as of this 1st day of April,1998, ("Effective
Date") by and between NETGEAR, Inc., having its principal place of business at
4401 Great America Parkway, P.O. Box 58185, Santa Clara, California 95052-8185
("NETGEAR"), and Circuit City Stores, Inc. having its principal place of
business at 9950 Mayland Drive. Richmond, VA 23233 ("Retailer").

1.       APPOINTMENT

Subject to Retailer's performance of its obligations under this Agreement and
responsibilities as described in the NETGEAR Retailer Manual ("Retailer Manual")
that is in effect on the Effective Date of this Agreement and as may be amended
from time to time (amendments to NETGEAR Retailer Manual shall only affect or
bind Retailer on product ordered after the date such an amendment has been
communicated.) Retailer is appointed as a NETGEAR Retail Outlet Reseller and may
purchase certain hardware equipment and licenses for certain software
(collectively unless otherwise stated, "Products"), as are listed in NETGEAR's
then-current price list (the "Price List") for resale or license solely through
its captive retail outlets identified in Exhibit 2 ("Retail Outlets")

2.       TERRITORY

 Except as may be otherwise provided by law, Retailer may not distribute or
 re-export any Products outside of the United States without the specific
 written consent of NETGEAR.

3.       ORDERS

A.       Retailer may obtain Products by placing orders under this Agreement
which are accepted by NETGEAR. No order will be effective until accepted by
delivery of NETGEAR's order acknowledgment. Retailer agrees that each order
placed with NETGEAR for Products shall be governed by this Agreement, regardless
of any additional or conflicting term in Retailer's order. Orders may be sent by
telefax or other electronic media approved by NETGEAR, must be for minimum lot
sizes and must conform to the ordering guidelines as described in the NETGEAR
Retailer Manual that is in effect on the Effective Date of this Agreement and as
amended from time to time.

4.       PRICES, TAXES AND PAYMENT

A.       Prices, Prices for Products are those set out in NETGEAR's Price List,
less the applicable discount specified in Exhibit 1. All Product prices are
F.O.B. NETGEAR's point of shipment, except as specified in Section 6 D.

B.       Taxes and other levies. Prices are exclusive of any tax, fee, duty or
governmental charge, however designated (except taxes on NETGEAR's net income).
If Retailer is claiming exemption from any tax or other governmental charge.
Retailer must provide NETGEAR with a valid certificate of exemption.

C.       Payment. Terms of payment are [*] of current NETGEAR inventory on hand.
This amount is to prevent a debit balance situation from occurring and is exempt
from the terms noted above. In the event that the Retailer is ever in a debit
balance with NETGEAR, NETGEAR agrees to provide Retailer, upon request and
reconciliation, with a check for such debit balance. All payments are to be made
in U.S. dollars. NETGEAR reserves the right to withhold shipment in the event
Retailer is delinquant in making payments.

5.       PRICE CHANGES

NETGEAR AND RETAILER acknowledge that they have read this Agreement, including
any Exhibits, understand them and agree to be bound by their terms and
conditions.

NETGEAR:                                             RETAILER:

NETGEAR, INC.                                        Circuit City Stores, Inc.

By: /s/ Andrew F. Mancone                            By: /s/ [ILLEGIBLE]
    --------------------------                           -----------------------

Name: Andrew F. Mancone                              Name: [ILLEGIBLE]

Title: Eastern Regional Sales Manager NETGEAR        Title: Buyer

Date: January 12, 1998                               Date: 4-1-98

                                       1

<PAGE>

A.       List Prices are subject to change at any time, provided Retailer is
given sixty (60) days written notice of any price increases.

B.       In the event of a List Price Increase for any of the Products, NETGEAR
will extend to the Retailer the price in effect at the time the Retailer's order
is acknowledged by NETGEAR.

C.       In the event of a List Price decrease for any of the Products, the new
lower price will apply to such Products which are shipped by NETGEAR to Retailer
on or after the effective date of the price decrease.

D.       In the event of a List Price decrease on any of the Products, Retailer
may apply for a price protection credit as provided for and in accordance with
the terms contained in the then current Retailer Manual.

6.       SHIPMENT, CANCELLATION, RETURNS, TITLE, RISK OF LOSS, SECURITY INTEREST

A.       Shipment NETGEAR will ship Products ordered by Retailer using a method
and Carrier selected by NETGEAR unless otherwise instructed in Retailer's order.
NETGEAR is responsible for and shall pay all freight, handling, and other
transportation charges. The foregoing notwithstanding, in the event Retailer
request expedited shipment or other than normal freight handling or requests
shipment to other than to Retailer's central receiving location listed in
Exhibit 3, Retailer shall reimburse NETGEAR for any resulting excess freight or
handling charges. NETGEAR will ship all Products to Retailer's central receiving
location listed in Exhibit 3. Any request by Retailer to ship Products to other
than the location listed in Exhibit 3 shall be subject to prior review and
approval of NETGEAR. Retailer may change the designated receiving location
listed in Exhibit 3 upon sixty(60) days advance written notice to NETGEAR.

B.       Cancellation and Rescheduling, Retailer may cancel or reschedule any
order, without charge, by giving NETGEAR written notice at least [*] prior to
the ship data specified in NETGEAR's order acknowledgment, Retailer may not
cancel or reschedule any order. In whole or in part, less than [*] prior to the
corresponding shipment data specified in NETGEAR's order acknowledgment.

C.       Returns. [*]. Prior to returning any Product, whether for exchange or
warranty or non-warranty action, Retailer must obtain a Return Materials
Authorization (RMA) number from NETGEAR. Retailer should return the Product to
NETGEAR, with shipping charges prepaid and Issue a chargeback to be reimbursed
for such shipping charges. NETGEAR will not accept collect shipments. Any
Product returned to NETGEAR, which is not required in accordance with the terms
of this Agreement, may be subject to a [*] of the purchase price of the Products
returned.

D.       Title, risk of loss, security interest. For all shipments to location's
within the United States title to the Produces passes to Retailer when presented
by NETGEAR or its agent to the carrier. Title passage notwithstanding, NETGEAR
retains risk of loss of or damage to the Products until the Products are
delivered to Retailer at Retailer's designated receiving location. NETGEAR
retains and Retailer grants a purchase money security interest in each of the
Products, and in any replacement, addition or proceeds in the amount of its
purchase price until paid in full. Upon request, Retailer will promptly execute
and return for filling any documents, such as a form UCC-1, needed to perfect
NETGEAR's security interest and acknowledges that NETGEAR may file a copy of
this Agreement as a form UCC-1.

7.       PRODUCT EXCHANGE PRIVILEGES

A.       [*].

8.       TERM OF AGREEMENT AND TERMINATION

A.       TERM. This Agreement will be in effect for one year from the Effective
Date. The Agreement may review for additional one year terms, but only upon the
prior written mutual agreement of the parties.

B.       TERMINATION. This Agreement may be canceled at any time without cause,
by either party upon ninety (90) days written notice to the other party. Either
party may immediately terminate this Agreement if (i) the other party becomes
involvement, files or has filed against it a petition in bankruptcy, or causes
doing business; or (ii) the other party fails to care a material branch of the
Agreement within thirty (30) days after receipt of written notice of such breach
from the party and in default. Upon termination of the Agreement by NETGEAR for
Retailer's branch NETGEAR any cancel all Retailer's unfulfilled orders without
further obligation.

C.       EFFECT OF TERMINATION. Except as otherwise specifically stated in the
Agreement, neither party will be liable in the other for damages in any form by
reason of the expiration or earlier termination of the Agreement.

9.       WARRANTIES

A.       WARRANTY PERIOD. The warranty period for each Product is specified in
the documentation that accompanies the Product when shipped. NETGEAR reserves
the right to change a warranty period for a specific Product, but only for
Products shipped after the effective date of such change. The minimum warranty
period for all Products is ninety days or as mandated by applicable status in
the end use country.

B.       LIMITATIONS. These warranties do not apply to any Product which has
been (i) altered except by NETGEAR or in accordance with its instructions, or
(ii) used in conjunction with another vendor's product if such use results in
the defect, or (iii)

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damaged by improper environment, abuse, misuse, accident or negligence.
Replacement parts furnished under this warranty may be refurbished or contain
refurbished components.

THE FOREGOING WARRANTIES AND LIMITATIONS ARE EXCLUSIVE REMEDIES AND ARE IN LIEU
OF ALL OTHER WARRANTIES EXPRESS OR IMPLIED, INCLUDING WITHOUT ANY LIMITATION
WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, ANY PRODUCT
THAT MAY BE FURNISHED BY NETGEAR WHICH IS NOT LISTED IN THE PRICE LIST, OR WHICH
IS IDENTIFIED IN THE PRICE LIST AS AN "AS IS" PRODUCT, IS FURNISHED "AS IS" WITH
NO WARRANTIES OF ANY KIND.

10.      SOFTWARE

A.       Retailer may procure for and distribute licenses to use NETGEAR
software and accompanying documentation by placing orders under this Agreement.
The terms of the licenses for such Software to which end-users are subject are
included as a "shrink-wrap" license agreement with the Software and in its
accompanying documentation when shipped by NETGEAR (the "License Agreement").
Retailer agrees that for each Software product it procures under this Agreement,
Retailer will (i) assure the delivery of the License Agreement to its customers,
and (ii) use reasonable efforts to inform it resale customers of the requirement
to deliver the License Agreement to their end-user customers in the form
supplied by NETGEAR with the Products.

B.       Retailer may not, nor authorize its resale customers or the end-user to
translate, decompile, discountable, use for any competitive analysis, or reverse
engineer the software or its documentation, in any way. Retailer may not nor
authorize its resale customers or the end-user to translate any portion of the
software or associated documentation into any other format or foreign language
without the prior written consent of NETGEAR. In no event may Retailer grant the
U.S. Government rights in any software greater than those set out in
subparagraphs (a) through (d) of the Commercial Computer Software - Restricted
Right clause at FAR 52.227-19 and the limitations for civilian agencies set out
the License Agreement; and subparagraph (???)(1)(ii) of the Right in Technical
Data and Computer Software clause at DFARS 252.227-7013 for agencies of the
Department of Defense.

C.       If all or part of the NETGEAR products or updates delivered to Retailer
has been licensed by NETGEAR from a third party software supplier than,
notwithstanding anything to the contrary contained in this Agreement, Retailer
and its resale customers or the end-user is granted a sublicense to the third
party software subject to the same terms and conditions as these contained in
the agreement between that third party supplier and NETGEAR and/or Bay Networks.
NETGEAR reserves the right to substitute any third party software in the NETGEAR
Products so long as the new third party software does not materially affect the
functionality of the NETGEAR Producer.

11.      PROPRIETARY RIGHTS AND INFORMATION

A.       Use of Proprietary Information. "Proprietary Information" includes,
without limitation, the Software, all documentation for Software, other user
manuals, as well as electronically and visually transmitted printed materials
and information disclosed by Retailer or NETGEAR, such as new product
information. Financial or technical data, that is marked with a proprietary or
confidential legend. Each party agrees to hold the Proprietary information of
the other in confidence and to use the Proprietary Information only
for the purposes expressly permitted under this Agreement, and to disclose
Proprietary information only to its employees and contractors as authorized
in this Agreement and then only on a need-to-know basis. Each party agrees to
maintain adequate internal Procedures, including appropriate agreements with
employees and authorized third parties, to protect the confidentiality of the
Proprietary Information as required by this Agreement. Each party is entitled to
appropriate injunctive relief in the event of any unauthorized disclosure or use
of its Proprietary information by the other party.

B.       Limitations Proprietary Information does not include information which
(i) is rightfully in the receiving party's possession in a complete and
tangible form before it is received from the disclosing party, (ii) is or
because a matter of public knowledge through no fault of the receiving party,
(iii) is rightfully furnished to the receiving party by a third party without
restriction on disclosure or use, or (iv) is independently developed by the
receiving party without use of or reference to the disclosing party's
Proprietary Information.

D.       Reservation of Rights. NETGEAR, on behalf of itself and its suppliers,
reserves all proprietary rights in and to (i) all designs, engineering details,
and other data pertaining to the Products, (ii) all original works, computer
programs, fixes, update (but not Retailer's or end-users' developed programs),
discoveries, inventions, patents, know-how and techniques arising out of work
does wholly or in part by NETGEAR or its subcontractors in connection with the
Agreement, and (iii) any and all products developed as a result of such work.

12.      TRADEMARKS AND TRADE NAMES

A.       Use of trademarks. In the advertising and promotion of the Products,
Retailer agrees to use NETGEAR's and certain of Bay Networks' trade names, logos
and trademarks (the "Trademarks") only as described in the NETGEAR Retailer
Manual that is in effect on the Effective Date of this Agreement and as amended
from time.

B.       Rights to Trademarks. Retailer acknowledges that Bay Networks is the
exclusive owner of the Trademarks and the use of the Trademarks by Retailer does
not convey to Retailer any right, title or interest in or to the Trademarks.

13.      CLAIMS OF INFRINGEMENT

A.       Indemnification. NETGEAR agrees to defend at its own expenses any
action brought against Retailer to the extent that it is based on a claim that
any Product infringes a United States or Territory patent, copyright trade mark,
trade secret or other valid intellectual property right, and will pay any costs
and damages finally awarded against Retailer in any such actions which are
attributable to any such claim. NETGEAR's obligation under the preceding
sentence is subject to the

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conditions that (i) Retailer promptly notifies NETGEAR in writing of any such
claim, (ii) NETGEAR has sole control of such defense and all negotiations for
any settlement or compromise, and (iii) should any Product become, or in
NETGEAR's opinion be likely to become, the subject of any such claim, Retailer
permits NETGEAR, at NETGEAR's option and expense, to procure for Retailer the
right to continue using such Product, to replace or modify it so that it becomes
(???) or to grant Retailer a credit for such Product at depreciated on a
three-year, straight-line basis, and accept its return.

B.       LIMITATIONS. NETGEAR has no liability to Retailer under this section
entitled CLAIMS OF INFRINGEMENT with respect to any claim which is based upon or
results from (i) the combination of any Product with any equipment, device,
firmware or software not furnished by NETGEAR, or (ii) any modification of any
Product by a party other than NETGEAR, (iii) Retailer's failure to install or
have installed changes, revisions or updated as instructed by NETGEAR, or (iv)
NETGEAR's compliance with Retailer's or end-user's specifications, designs or
instructions.

14.      LIMITATION OF LIABILITY

A.       NETGEAR agrees to indemnify Retailer against any claim arising out of
or resulting from the Products or the Agreement, provided that any such claim
(i) is attributable to bodily injury, death, or to injury to or destruction of
physical property (other than the Products), and (ii) is caused by the negligent
act or omissions of NETGEAR. This obligation on the part of NETGEAR is subject
to Retailer's obligation to (a) give NETGEAR prompt written notice of any such
claim, (b) grant NETGEAR control of the defense and settlement of such claim,
and (c) assist fully in the defense provided that NETGEAR reimburses Retailer's
out-of pocket costs, NETGEAR has no liability for any settlement or compromise
made without its prior written consent. Under no circumstances is NETGEAR liable
for any third-party claims expect for those described in the section and in the
section entitled CLAIMS OF INFRINGEMENT.

B.       NETGEAR, at its expense, agrees to maintain adequate Insurance coverage
to protect against its liabilities under the Agreement. This insurance will
include (a) worker's compensation insurance, (b) comprehensive general liability
insurance, including coverage for product liability, bodily injury and property
damage, and (c) automobile liability insurance. Upon Retailer's written request.
NETGEAR will furnish the applicable certificate of insurance.

IN NO EVENT WILL EITHER PARTY OR THEIR RESPECTIVE SUPPLIERS BE LIABLE FOR (1)
THE COST OF SUBSTITUTE PROCUREMENT, SPECIAL, INDIRECT, INCIDENTAL, OR
CONSEQUENTIAL DAMAGES, OR (2) ANY DAMAGES RESULTING FORM INACCURATE OR LOST DATA
OR LOSS OF USE OR PROFITS ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT,
THE FURNISHING OF SERVICES, OR THE USE OR PERFORMANCE OR PRODUCTS, EVEN IF
INFORMED OF SUCH DAMAGES. IN NO EVENT WILL NETGEAR'S TOTAL LIABILITY FOR (1) ANY
DAMAGES IN ANY ACTION BASED ON OR ARISING OUT OF OR IN CONNECTION WITH THE
AGREEMENT EXCEED THE TOTAL AMOUNT PAID TO NETGEAR PURSUANT TO THE AGREEMENT, OR
(2) CLAIMS BASED UPON THE PARTIES' OBLIGATIONS UNDER THE SECTION ENTITLED
"SERVICES" EXCEED THE TOTAL AMOUNT PAID TO NETGEAR FOR SUCH SERVICES.

15.      GENERAL

A.       The relationship of NETGEAR and Retailer is that of independent
contractors. There is no relationship of agency, partnership, joint venture,
employment or franchise between the parties. Neither party has' the authority to
bind the other or to incur any obligation on the other's behalf or to represent
itself as the other's agent or in any way which might result in confusion as no
the fact that the parties are separate and distinct entitles.

B.       If any provision of this Agreement is held to be invalid or
unenforceable, the remainder of the provisions shall remain in full force and
affect.

C.       NETGEAR and Retailer agree to comply with the provisions of all
applicable federal, state, county and local laws, ordinances, regulations and
codes, domestic and foreign. Retailer agrees not to export, directly or
indirectly, any such Produces or information to any country for which an export
license or other governmental approval is required at the time of expert without
first obtaining such license or approval. Retailer is solely responsible, at its
own expense, for obtaining all necessary import and re-export permits and
certificates and for the payment of any and all taxes and duties imposed upon
the movement and delivery of Products.

D.       NOTICES. All notices or communications of any kind made or required to
be given pursuant to this Agreement shall be in writing and delivered to the
other party at the address set forth below, unless either party gives notice to
the other party of a change of address:

To NETGEAR:
NETGEAR, Inc.
4401 Great America Parkway
P.O. Box 58185
Santa Clara, CA 95052-8135
Attn: Kelly Romero

To Retailer
Jason Topal
Circuit City Stores, Inc.
9950 Maryland Drive
Richmond, VA 23233

E.       NETGEAR reserves the right to change the discount schedule, policy or
program, whether referred to in the Agreement or set forth in an Exhibit to the
Agreement. For changes which, in NETGEAR's opinion, may adversaly affect
Retailer, NETGEAR will provide thirty (30) days notice, or such longer period as
NETGEAR deems appropriate, prior to the effective date of such change.

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<PAGE>

F.       Any waiver, amendment or modification of any right, remedy or other
term under the Agreement will not be effective unless in writing and signed by
and authorized person of the party against whom enforcement is sought. Neither
party shall be bound by typographical or clerical errors.

G.       Neither party is liable for its failure or delay to perform its
obligations under the Agreement due to strikes, wars, revolutions, acts of
terrorism, fires, floods, explosions, earthquakes, shortages in labor,
components or materials, government regulations, or other causes beyond its
control.

H.       This Agreement may not be assigned by Retailer without prior written
permission from NETGEAR. Any attempt by Retailer to assign any right, or
delegates any duty or obligation which arises under the Agreement without such
permission will be voidable.

I.       Notwithstanding anything else in this Agreement, all rights and
obligations of the parties, specifically including but not limited to those set
forth in Section 11 ("Proprietary Information"), 13 ("Claims of Infringement")
and any other terms, which by the specific language or by reasonable implication
are to continue beyond the term of this Agreement, shall survive the expiration
or termination of this Agreement.

J.       This Agreement, including its attachment, constitutes the entire
agreement between Retailer and NETGEAR with respect to the purchase, resale and
distribution of the Products and is governed by the laws of the State of
California.

                                       5

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