Document:

<PAGE>

                       [SkyAuction.com, Inc. Letterhead]

                           PERSONAL AND CONFIDENTIAL
                           -------------------------

                             As of January 1, 2000

Mr. Salvatore Espoito, Jr.
526 Highland Avenue
Westfield, N.J. 0700

Dear Salvatore:

         This is to confirm our mutual understanding with respect to your
employment by SkyAuction.com, In. (the "Company"), as follows:

         1. Employment; Authority. The Company hereby agrees to employ you, and
you hereby agree to be employed by the Company, on the terms and conditions set
forth in this letter. You will serve the Company as its Chief Operating Officer
with all the responsibility and authority customarily associated with such
position. You will serve as a member of the Company's Executive Committee. You
also agree to perform such duties and services, and to have such other
responsibilities, as the Company's Board of Directors may, from time to time,
assign to you consistent with your position. You hereby represent and warrant to
the Company that you are not no under any contractual obligation to any third
party that is inconsistent with the terms of this letter or that would prevent,
limit or impair in any way your performance of your duties under this letter.

         2. Compensation. As full compensation for all services provided and
duties performed by you (inclusive of your services as an officer of the Company
and member of its Executive Committe) during your employment by the Company
under the terms of this letter, you will be entitled to receive:

         a. Base Salary. A base salary (your "Base Salary") at the rate of
$180,000 per annum, effective as of the date hereof, payable semi-monthly in
accordance with the Company's normal payroll practices; provided, that the rate
of Base Salary is subject to annual merit increases based on individual
performance and the Company's annual compensation guidelines as determined by
the compensation committee of the Company's Board of Directors (the
"Compensation Committee"); provided further, that upon the completion by the
Company of an initial public offering of its Common Stock (or any other equity
securities) (an "IPO") your Base Salary shall be increased to no less than
$250,000.

         b. Annual Bonus. An annual bonus (your "Annual Bonus") determined by
the Compensation Committee. You shall participate in the compensation package,
including, without limitation, any bonus plan(s), offered to senior executives
of the Company as approved by the Compensation Committee; provided, however,
that your target award (as determined by the Compensation Committee) for the
purposes of your Annual Bonus shall be 40% of your Base Salary for such year. If
the scheduled term (as defined in Section 4 below) does not expire at the end of
the Company's fiscal year, your Annual Bonus for the year

<PAGE>

Mr. Salvatore Esposito, Jr.
as of January l, 2000
page 2

in which the scheduled term expires shall be an amount equal to the product of
(x) the Annual Bonus that you would have received had the scheduled term expired
at the end of such year and (y) a fraction, the numerator of which is the number
of months from the beginning of such year until the actual expiration of the
scheduled term, and the denominator of which is 12.

         c. Benefits. During your employment hereunder, you shall be entitled to
all benefits generally available to the Company's senior executives and for
which you may qualify, inclusive of hospitalization and major medical insurance,
health and disability insurance, pension plans or benefits, any supplemental
retirement plans or benefits and any perquisites that are generally made
available to executives of the Company. In addition, you shall be entitled to
hold and to use a car provided to you by the Company of a ___model, or a
comparable model. The Company shall reimburse you for all expenses related to
the normal and reasonable use of such car, including, but not limited to,
gasoline, oil, maintenance charges and insurance. All benefits and perquisites
to which you are entitled pursuant to this paragraph are sometimes referred to
herein as your "Benefits".

         d. Certain Chances. While the Company retains the right to change.
eliminate, discontinue or substitute any plan, program or benefit, or any
provision thereof, the Company agrees with you that upon any such change,
elimination, discontinuation or substitution there will be a replacement plan,
program or benefit under the terms of which you will have no less of an
opportunity to receive an equal or greater benefit than as currently provided;
provided, however, that no such change, elimination, discontinuation or
substitution will (x) reduce your Base Salary or Annual Bonus or (y) eliminate
or reduce any sums that have been granted to you or that you are otherwise
entitled to receive (but have not yet been paid) on the date that any such
change, elimination, discontinuation or substitution becomes effective.

         e. Tax Reporting. All payments made to you pursuant to this letter
(whether specified in this Section 2 or not) are subject to all applicable tax
withholding by the Company. In addition, you acknowledge and agree that all
payments to be made to you as Base Salary, as Annual Bonus or otherwise under
this letter shall, to the extent required by law, be reported for all, tax
purposes as compensation for services rendered, and you shall not state or claim
any different position in any tax return or report (or any audit thereof).

         3. Expenses. During your employment hereunder, the Company will
reimburse you for your travel and other expenses incident to your providing
services and performing duties under this letter, in conformity with the
Company's regular policies from time to time in effect regarding reimbursement
of expenses, with the proviso that such reimbursement will only be made upon
presentation of expense vouchers in such detail as may from time to time be
necessary for the Company to comply with all applicable tax and accounting
requirements.

<PAGE>

Mr. Salvatore Esposito, Jr.
as of January l, 2000
page 3

         4. Term

         a. The term of your employment under this letter commenced on January
1, 2000 and shall continue until December 31, 2002 or such other date as may be
determined in accordance with Section 4.b. below (the "scheduled term"), unless
earlier terminated by reason of death, Disability (as defined below),
termination by you after the occurrence of a Change in Opportunity (as defined
below) or otherwise or termination by the Company (with or without Cause (as
defined below))(in each case, and subject to any provisions in this Section 4 or
in Section 5, upon no less than 30 days' prior written notice). Any decision to
terminate your employment (with or without Cause) or not to extend the term of
your employment as described in Section 4.b. below must be and shall not be
valid unless adopted by an affirmative vote of the majority of the members of
the Company's Board of Directors (which majority must include the chairman of
the Board of Directors (the "Chairman") so long as the Chairman is Len
Schutzman).

         b. At any time no more than six months and no less than three months
prior to the termination of the then current scheduled term (as such may have
been extended) you or the Company may notify each other, in writing, of a lack
of intention to extend the term of your employment by the Company under this
letter beyond the then current scheduled term, in which case your employment by
the Company under this letter shall end upon the expiration of the scheduled
term. In the absence of such notice, at the end of the then current scheduled
term, the scheduled term under this letter will be automatically extended by
twelve months.

         5. Consequences of Termination.

         a. Death or Disability. Anything herein to the contrary
notwithstanding, if your employment under this letter is terminated early (i.e.,
before expiration of the scheduled term) by reason of your death or your
Disability (as defined below), you (or your estate, as the case may be) shall be
entitled to receive your Base Salary and all other amounts owing to you in
respect of your services under this letter through the date of such termination
(including, without limitation, your Annual Bonus for the calendar year in which
such termination occurs, pro-rated to reflect the portion of such year elapsed
through the date of such termination (and based on target amounts (the pro-rata
portion of which shall be determined by the Compensation Committee), not actual
performance)) and any Benefits that by their terms continue thereafter), but the
Company shall have no further liability or obligation whatsoever to you
hereunder.

         b. Termination without Cause. If your employment under this letter is
terminated early (i.e., before expiration of the scheduled term) by the Company
without Cause or by you voluntarily within 90 days after the occurrence of a
Change in Opportunity (as defined below), you shall be entitled, in lieu of any
other or further compensation of any kind from the Company (other than your
vested rights in any retirement, life insurance, disability insurance or other
pension or benefit plan of the Company), to receive severance (your "Severance")
consisting of:

<PAGE>

Mr. Salvatore Esposito, Jr.
as of January l, 2000
page 4

         (1) Continued payment of your Base Salary (at the rate in effect
hereunder immediately prior to the termination) through the expiration of the
scheduled term, payable as and when it would otherwise have been paid had you
continued in the Company's employ;

         (2) Continued payment of your Annual Bonus in an annual amount equal to
your maximum Annual Bonus (i.e., 50% of your Base Salary as in effect
immediately prior to your termination) through the expiration of the scheduled
term, such amount to be payable within 30 days after the end of each year as to
which such Annual Bonus is determined, with payment for the final period (i.e.,
the period ending with the expiration of the scheduled term, to be made in
accordance with the pro ration provision in the last sentence of Section 2.b.
hereof);

         (3) Your Benefits (to the extent permitted by applicable law and the
terms of any applicable plans, in each case as if you continued as an active
employee or, if the Company is not able to provide any such Benefit to you, the
economic equivalent thereof) until the expiration of the scheduled term;

         (4) You shall retain all options to purchase stock of the Company which
you shall hold at such time, all of which shall be or shall become vested as of
the date of termination of your employment. Such options may be exercised by you
at any time until the second anniversary of the termination of your employment
with the Company; and

         (5) Continued office and secretarial support through the expiration of
the scheduled term or such time as you obtain other employment, whichever occurs
first.

In the event that the termination of your employment pursuant to this Section
5.b. is initiated by the Company, your employment shall not be deemed to have
been terminated pursuant to this Section 5.b. unless there shall have been
delivered to you a copy of a notice of termination from the Company (no less
than 30 days prior to the effective date of such termination, or, in the event
of non-extension of the scheduled term as provided in Section 4.b. as described
therein) providing, in reasonable detail, a description of the reasons therefor,
and unless you have had an opportunity, together with your counsel, to be heard
before the Company's Board of Directors.

You shall not be required to mitigate the amount of Severance due to you
hereunder by seeking employment or otherwise, nor shall any amounts received by
you from other employment or otherwise by you offset in any manner the Company's
obligation to provide such Severance.

         c. Termination with Cause. If your employment under this letter is
terminated by the Company with Cause, the Company shall (without limiting any
right or remedy to which it may be entitled) be obligated to continue to pay you
your Base Salary, Annual Bonus (except that you shall be entitled to receive
your Annual Bonus for the year in which the effective date of your termination
occurs on a pro rata basis (as such is determined by the Compensation
Committee), based on actual performance), Benefits or any other amounts

<PAGE>

Mr. Salvatore Esposito, Jr.
as of January l, 2000
page 5

provided herein until the effective date of such termination, but shall have no
further liability or obligation whatsoever to you hereunder; provided, that
nothing in this provision shall be interpreted so as to limit any Benefits to
which you or your dependents or estate are entitled according to the specific
terms of any applicable employee benefit plan, program or practice after such
termination of your employment. In addition, in the event of termination of your
employment pursuant to this Section 5.c., the Company shall be entitled to
repurchase from you, at a cash price equal to the Termination Price, 75% of the
issued and outstanding shares of the Company owned by you as of the date of such
termination. If the Company wishes to effect such repurchase it shall notify you
of its intention within 30 days of the termination of your employment and such
repurchase shall be effected within 60 days of such termination.

         d. Termination by You. If your employment under this letter is
terminated early by you (other than voluntarily within 90 days after the
occurrence of a Change in Opportunity (as defined below) in accordance with
Section 5.b. of this letter), the Company shall (without limiting any right or
remedy to which it may be entitled) be obligated to continue to pay you your
Base Salary, Benefits and any other amounts provided herein until the effective
date of such termination, but shall have no further liability or obligation
whatsoever to you hereunder; provided, that nothing in this provision shall be
interpreted so as to limit any Benefits to which you or your dependents or
estate are entitled according to the specific terms of any applicable employee
benefit plan, program or practice after such termination of your employment. In
addition, in the event of termination of your employment pursuant to this
Section 5.d. prior to December 31, 2001, the Company shall be entitled to
repurchase from you, at a cash price equal to the Termination Price, 75% of the
issued and outstanding shares of the Company owned by you as of the date of such
termination. If the Company wishes to effect such repurchase it shall notify you
of its intention within 30 days of the termination of your employment and such
repurchase shall be effected within 60 days of such termination.

         6. Certain Definitions. For purposes of this letter, the following
definitions shall apply:

         "Cause" means: (i) willful and repeated failure or refusal to perform
your duties; (ii) embezzlement or similar criminal misappropriation of Company
funds; (iii) conviction of a crime constituting a felony that will have a
material adverse effect on the Company; or (iv) a material breach of any term of
this letter; provided, in each case, that your employment shall not be deemed to
have been terminated for Cause unless (x) you shall have been provided a notice
from the Company's Board of Directors no less than 30 days prior to the
effective date of such termination stating that any event that had occurred or,
in the event of clause (iii) above, that will occur, constitutes Cause and that
the Board of Directors intends to terminate your employment for Cause pursuant
to Section 5.c hereof and describing in reasonable detail, the reasons therefor,
and (y) you have had both an opportunity to cure such Cause and, together with
your counsel, to be heard before the Company's Board of Directors during such
30-day period.

         "Change in Opportunity" means, without your express written consent,
any of the following:

<PAGE>

Mr. Salvatore Esposito, Jr.
as of January l, 2000
page 6

                  (i) the assignment to you of any duties materially
         inconsistent with your position, authority, duties or responsibilities
         as contemplated hereby, or any other action by the Company that results
         in a material diminution of such position, authority, duties or
         responsibilities;

                  (ii) the Company's requirement that you move your personal
         residence or perform your principal executive functions outside of
         Manhattan;

                  (iii) the Company's requirement that you report to an
         executive other than the Chairman or the Company's Board of Directors;
         or

                  (iv) the failure of the Company to provide you with a total
         compensation package substantially equivalent to that set forth in this
         letter or any other material breach by the Company of the terms herein;

         provided, in each case, that you shall not be deemed to have terminated
         your employment for "Change of Opportunity" unless there shall have
         been delivered to the Company a copy of a notice of termination from
         you (no less than 30 days prior to the effective date of such
         termination) providing, in reasonable detail, a description of the
         reasons therefor, and unless the Company shall have had an opportunity
         to cure any events causing such Change of Opportunity.

                  "Disability" means your inability to perform your duties in
         any material manner by reason of physical or mental disability for a
         period of six consecutive months, or for a period of more than nine
         months in the aggregate in any twelve-month period.

                  "Termination Price" means the number of shares you hold at the
         time of termination divided by the number of shares you hold as of the
         date of this agreement, x $150,000.

         7. Gross Up. The Company shall provide employee with gross-up payments,
as described in Exhibit A, attached hereto.

         8. Non Competition; Non Solicitation. You agree that, without the prior
express written consent of the Company's Board of Directors, you shall not,
during your employment hereunder, and, if you voluntarily terminate your
employment hereunder (other than termination pursuant to Section 6.b. herein) or
if your employment hereunder is terminated by the Company for Cause, for the
duration of the Non-compete Period (as such term is defined below): (i) directly
or indirectly, employ or hire as a consultant or solicit for employment or
consulting, any officer or other employee of the Company; or (ii) enter into or
accept an employment position or any other situation or arrangement with an
organization or person or establish an entity that markets or sells distressed
airline, hotel and other travel services. For the purposes of this Section 8,
the "Non-compete Period" shall be: (i) if termination as described herein occurs
during the calendar year 2000, for 24 months from the date of such termination;
(ii) if termination as described herein occurs during the calendar year 2001,
for 18

<PAGE>

Mr. Salvatore Esposito, Jr.
as of January l, 2000
page 7

months from the date of such termination; and (iii) if termination as described
herein occurs during the calendar year 2002, for 12 months from the date of such
termination.

         9. Confidentiality. You acknowledge that you now have and will have
access to and become acquainted with proprietary and confidential information
regarding the Company and its customers that constitute valuable assets of the
Company and that is not available to the public. Accordingly, you agree that you
will not during the term of this letter or at any time thereafter, directly or
indirectly, (i) use or disclose such information, except as is necessary and
appropriate in connection with the rendering by you of services to the Company
under this letter, or (ii) make, or cause to be made, any statement or
publication about or concerning the Company or its shareholders (or any
fiduciary or beneficiary of any shareholder that is a trust or an estate) which
you reasonably believe not to be in the best interests of, or necessary for the
proper conduct of the businesses of, the Company or its shareholders (or any
fiduciary or beneficiary of any shareholder that is a trust or an estate), other
than statements or publications that are consistent with your supervision of the
corporate communication function of the Company as it relates to your duties or
that you reasonably believe to be necessary to protect and enforce your rights
under this letter. Nothing herein is intended to limit or affect any
responsibility you may have under any generally applicable policy, practice or
procedure of the Company.

         10. No Disclosure. The financial arrangements contemplated hereby are
sensitive and highly confidential, and, so long as you remain employed by the
Company, you will not use, disclose or make any public announcement regarding
such financial arrangements without the prior written consent of the Company (by
its Board of Directors or its chairman), except: (i) as may be required by
applicable law; (ii) disclosure in connection with your own personal tax or
financial affairs; or (iii) as may be required in order to enforce any term or
provision hereof.

         11. Injunctive Relief. You acknowledge and agree that if any provision
of Section 8, 9 or 10 hereof is violated, the Company will immediately and
irreparably be harmed, will not have an adequate remedy at law and will be
entitled to immediate relief enjoining such violation or threatened violation
(including without limitation temporary and permanent injunctions and/or a
decree for specific performance) in any court or judicial body having
jurisdiction over such claim, without the necessity of showing any actual damage
or posting any bond or furnishing any other security, and without having to
pursue any arbitration as provided below.

         12. Arbitration; Legal Fees. Any dispute that may arise between you and
the Company in connection with your employment hereunder, including, without
limitation, the terms or interpretation of this letter as they relate to the
existence of Cause, Change in Opportunity and the terms concerning termination
of employment upon such events, either during or following termination of your
employment hereunder shall be submitted to arbitration before three arbitrators
in the City of New York under the then applicable rules of the American
Arbitration Association. Judgment on any award rendered may be entered in any
court of the forum having jurisdiction. If the arbitrators find that the Company
has breached the substantive terms of this letter and the Company in doing so
acted capriciously, maliciously, or in bad faith,

<PAGE>

Mr. Salvatore Esposito, Jr.
as of January l, 2000
page 8

then the Company shall pay for all of your costs and expenses, including
reasonable attorney's fees, arising from such proceeding.

         13. Miscellaneous.

         a. Notice. All notices and other communications provided for hereunder
shall be in writing (including by telex or facsimile transmission) and mailed or
sent or delivered at the addresses specified below. All such notices and
communications shall be given by hand, telex or facsimile transmission; provided
that, in the event that telex and facsimile transmission facilities are not
operational, such notices and communications may be given by mail, but the
sender shall use reasonable efforts to confirm facsimile transmission facilities
shall become operational. All such notices and communications shall be effective
when delivered by hand, or, in the case of mail, upon the earlier of receipt and
confirmation by telex or facsimile transmission as provided below, or, in the
case of facsimile transmission, when sent as addressed as set forth herein and
confirmation of delivery is received, or, in the case of telex, when the telex
is sent and the appropriate answer back is received. The address for you is set
forth in the beginning of this letter. The address for the Company is as
follows:

          SkyAuction.com, Inc.
          501 Madison Ave.
          14th Floor
          New York, NY 10022
          Telecopy No.: (212) 486-9751
          Attention: Chairman

          with copies to:

          Proskauer Rose LLP
          1585 Broadway
          New York, New York 10036-8299
          Telecopy No.: (212) 969-2900
          Attention: Jeffrey A. Horwitz, Esq.

Each party to this letter may, from time to time, change its notice address or
copy address or add or substitute a copy party and a copy address, by giving
notice to the other party in the manner provided in this paragraph.

         b. Entire Aqreement. This letter (inclusive of any annex hereto)
contains the entire understanding and agreement of the parties with respect to
the subject matter hereof, and all prior negotiations, proposals and agreements
(whether written or oral) between them (or their respective affiliates) relating
to the subject matter hereof have, to the extent relating to such subject
matter, been superseded hereby. No agreements or representations (whether oral
or otherwise, express or implied) that are not expressly set forth in, but that
relate to the subject matter of, this letter have been made by either party.

<PAGE>

Mr. Salvatore Esposito, Jr.
as of January l, 2000
page 9

         c. Amendment; Waiver. Neither this letter nor any provision hereof may
be amended or modified except in a writing signed by the party against which
enforcement of such amendment or modification is sought. No failure or delay of
any party in exercising any power or right hereunder shall operate as a waiver
thereof, nor shall any single or partial exercise of any such right or power, or
any abandonment or discontinuance of steps to enforce any such right or power,
preclude any other or further exercise thereof or the exercise of any other
right or power. The rights and remedies of each party under this letter are,
unless otherwise specifically provided herein, cumulative and not exclusive of
any rights or remedies that such party may otherwise have. No waiver by either
party of any provision of this letter nor any consent by either party to any
departure by the other party from any provision of this letter shall in any
event be effective unless the same shall be in writing (by the party against
which enforcement of such waiver or consent is sought), and then such waiver or
consent shall be effective only in the specific instance and for the specific
purpose for which it was given. No notice or similar communication by one party
to the other shall entitle such other party to any other or further notice or
similar communication in similar or other circumstances, except as specifically
provided herein.

         d. Severability. If anyone or more of the provisions of this letter
shall be invalid, illegal or unenforceable in any respect, it shall be
ineffective only to the extent of such invalidity, illegality or
unenforceability, and shall not in any way affect or impair the validity,
legality and enforceability of the balance of such provision or any other
provision contained herein. Each party shall endeavor in good faith negotiations
to replace the invalid, illegal or unenforceable provision(s) (or such portion
thereof) with such valid, legal and enforceable provision(s), the economic
effect of which on the respective parties is as close as possible to that of the
invalid, illegal or unenforceable provision(s).

         e. Successors and Assigns. This letter shall be binding upon and inure
to the benefit of the respective successors and permitted assigns of the parties
hereto; provided, that no party may, without the prior written consent of the
other, assign, transfer or delegate this letter or any of such party's rights or
obligations hereunder (whether directly or indirectly, by operation of law or
otherwise) to any other person, firm or entity.

         f. Rights of Third Parties. Anything in this letter to the contrary
notwithstanding, no person, firm or entity shall be entitled to the benefit of,
or to enforce, any provision hereof other than the parties hereto (and their
heirs, permitted successors and assigns).

         g. Survival. The respective rights and obligations of you and the
Company as provided herein shall survive the termination or expiration hereof to
the extent necessary to the intended preservation of such rights and
obligations.

         h. Governing Law. This letter shall be construed and interpreted
according to the laws of the State of New York, without reference to such
State's principles governing conflicts of laws.

<PAGE>

Mr. Salvatore Esposito, Jr.
as of January l, 2000
page 10

         i. Headings. The headings used herein are for convenience of reference
only, are not part of this letter and are not intended to affect the
construction, or to be taken into account in the interpretation, of this letter.

         j. Counterparts; Effect. This letter may be signed in counterparts with
the same effect as if the signatures were all upon the same instrument;
provided, that no party shall be bound hereto unless and until all parties have
executed and delivered this letter (or a counterpart).

<PAGE>

Mr. Salvatore Esposito, Jr.
as of January l, 2000
page 11

         Please confirm your agreement with the foregoing by signing and
returning to us at least two copies of this letter.

                                             Sincerely,

                                             SKYAUCTION.COM. INC.

                                             By: /s/ Leonard Schutzman
                                                 -----------------------------
                                                 Leonard Schutzman
                                                 Chairman

AGREED TO AND ACCEPTED:

/s/ Salvatore Esposito, Jr.
----------------------------
Salvatore Esposito, Jr.<PAGE>

THIS EMPLOYMENT AGREEMENT (this "Agreement") is made and entered into this 16th
day of June 2000, by and between Mark Hirschhorn (the "Employee") and
SkyAuction.com, Inc. (the "Company").

                                     RECITAL

This Agreement is made and entered into with reference to the following facts
and objectives:

      The Company desires to employ Employee in the capacities described below,
      on the terms and conditions hereinafter set forth, and Employee is willing
      to accept such employment on such terms and conditions.

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

                                    AGREEMENT

Section 1: DUTIES

The Company does hereby hire, engage, and employ Employee as Chief Financial
Officer, and Employee does hereby accept and agree to such hiring, engagement,
and employment. Employee shall serve the Company in such position fully,
diligently, competently, and in conformity with the provisions of this Agreement
and the corporate policies of the Company as they presently exist, and as such
policies may be amended, modified, changed, or adopted during the Period of
Employment, as hereinafter defined. The Chief Financial Officer position shall
report to the Chief Executive Officer or President of the Company and will be
responsible for performing duties consistent with those of a Chief Financial
Officer.

Throughout the Period of Employment (as defined below) Employee shall devote his
full time, energy, and skill to the performance of his duties for the Company,
vacations and other leave authorized under this Agreement excepted. The
foregoing notwithstanding, Employee shall be permitted to (i) engage in
charitable and community affairs, (ii) act as a director of any corporations or
organizations outside Company not in competition with the Company and receive
compensation therefor, and (iii) to make investments of any character in any
business or businesses not in competition with the Company and to manage such
investments (but not be involved in the day to day operations of any such
business), provided, in each case and collectively, that the same does or do not
constitute or involve Employee in a conflict of interest vis-a-vis the Company
or interfere with the performance of Employee's duties under this Agreement.

Employee shall exercise due diligence and care in the performance of his duties
for and the fulfillment of his obligations to the Company under this Agreement.

<PAGE>
        Employment Agreement - Mark Hirschborn                     Page 2

The Company shall furnish Employee with office, secretarial and other facilities
and services as are reasonably necessary or appropriate for the performance of
Employee's duties hereunder and consistent with his position as Chief Financial
Officer of the Company.

Section 2: TERM

Subject to Section 5 hereof, the initial term of employment by the Company of
the Employee pursuant to this Agreement (the "Initial Term") is for an initial
period commencing on June 26, 2000 (the "Commencement Date") and terminating on
June 25, 2003. The Initial Term shall automatically be extended for three
one-year renewal periods (in each case, a "Renewal Period") unless written
notification is given by either party to the other at least six (6) months prior
to the end of the Initial Term or the then current Renewal Period. For the
purposes of this Agreement, the "Period of Employment" shall be the Initial Term
plus any and all Renewal Periods.

Section 3: COMPENSATION

(a)   BASE SALARY. In consideration of the Employee's services to be rendered
      pursuant hereto and the Employee's agreement to the covenants and
      restrictions set forth in Section 7 hereof, the Company shall pay to the
      Employee an annual base salary of $250,000, subject to increases (the
      "Base Salary"). Such Base Salary will be payable to the Employee in
      installments in accordance with the Company's customary payroll practices.
      The Company's Board of Directors at any time or times may, but shall have
      no obligation to, increase Employee's Base Salary in its sole and absolute
      discretion.

(b)   ANNUAL INCENTIVE COMPENSATION. The Employee shall be entitled to an annual
      bonus (the "Annual Bonus") as determined by the compensation committee of
      the Company's Board of Directors (the "Compensation Committee"). Employee
      shall participate in compensation packages, including, without limitation,
      any bonus plan(s), offered to senior executives of the Company as approved
      by the Compensation Committee; provided, however, that Employee's minimum
      award (which shall also serve as Employee's minimum annual incentive
      compensation) as determined by the Compensation Committee for the purposes
      of your Annual Bonus shall be 35% of Base Salary.

(c)   EQUITY COMPENSATION. On (or as of) the Commencement Date, the Company
      shall issue to the Employee options (the "Options") to purchase 2% of the
      Company's shares (shares calculation shall include all common and
      preferred stock equilivents, i.e. options, warrants) outstanding (or
      20,000 Options based on one million shares outstanding) irrespective of
      dilution of the Company's Common Stock under the Company's 2000 Omnibus
      Plan (the

<PAGE>
        Employment Agreement - Mark Hirschborn                     Page 3

      "Plan"). Options will be granted with a strike price equal to the fair
      market value of the stock on the date of grant, as determined by the Board
      of Directors. Options covering 40% of the Options shall become exercisable
      (i.e., vest) on the date of the Company's initial public offering. Options
      covering an additional 30% and 30% shall vest on each of the two
      succeeding anniversaries of the date of the initial public offering,
      respectively. The Options shall be represented by the form of an option
      agreement used by the Company pursuant to the Plan with such changes as
      shall be required to conform to this Agreement. Notwithstanding anything
      to the contrary, in the event the Initial Term of Employee's employment is
      not extended by the Company for any reason other than those described in
      Section 5(c) herein, all Options shall immediately vest, and Employee
      shall have 18 months to exercise such Options. In addition, Employee will
      have a pre-emptive right to buy additional stock, in the event there are
      any additional offerings prior to the Initial Public Offering (IPO), to
      retain his 2% ownership interest. In the event that such investment for
      Employee shall exceed $200,000 to retain Employee's 2% ownership, the
      Company shall make available to Employee a 5% interest bearing loan for a
      period of two years in the amount to be determined based on the additional
      share issuances. Purchases will be at the then fair market value.

      The Employee shall be entitled to participate in an equity-based plan or
      arrangement that allows for awards, including but not limited to, stock
      options, stock appreciation rights, restricted stock, and other equity
      incentive plans or arrangements for executive officers of the Company,
      including Employee, or for Employee alone, in accordance with the terms,
      conditions, and provisions as the same may be changed, amended, or
      terminated, from time to time.

(d)   BENEFITS. During the Term, the Company shall provide the Employee with
      health, welfare, and insurance benefits to the extent and on the same
      terms as it provides such benefits to its executive officers. The Employee
      shall also be entitled to participate in and receive any fringe benefits
      or perquisites which may become available to the Company's executive
      officers. Anything in this Agreement or in such plan or arrangement to the
      contrary notwithstanding, the inclusion in such plan or arrangement of any
      provision(s) addressing participation by Employee in such plan or
      arrangement for a period of years shall not be interpreted as a promise of
      continued employment by the Company for such period of years or any other
      period of time. The Company will pay the Employee's COBRA payments under
      the Employee's existing health insurance plan until a comparable policy is
      available from the Company.

(e)   VACATION AND OTHER LEAVE. Employee shall be entitled to such amounts of
      paid vacation and other leave in accordance with Company policy as from
      time to time may be allotted to the Company's executive officers
      generally, with such

<PAGE>
        Employment Agreement - Mark Hirschborn                     Page 4

      vacation to be scheduled and taken in accordance with the Company's
      standard vacation policies applicable to such personnel, but in no case
      will it be less three (3) weeks per year.

(f)   SIGN-ON BONUS. Employee shall be entitled to $100,000 in cash which shall
      constitute a sign-on bonus, and is not contingent on the performance of
      services for SkyAuction and does not represent compensation for services
      rendered. The sign-on bonus shall be payable as follows: (I) $25,000 on
      the Commencement Date; (ii) $25,000 on October 1, 2000; and (iii) $50,000
      on January 2, 2001.

Section 4: BUSINESS EXPENSES

The Employee shall be reimbursed for all direct, out-of-pocket business expenses
incurred by him in connection with his employment (including, without
limitation, expenses for travel and entertainment incurred in conducting or
promoting business for the Company) upon timely submission by the Employee of
receipts and other documentation and in accordance with the normal expense
reimbursement policy of the Company.

Section 5: TERMINATION

(a)   DEATH. The employment by the Company of the Employee pursuant to this
      Agreement shall be terminated upon the death of the Employee. In the event
      that this Agreement is terminated pursuant to this Section 5(a), the
      Employee's spouse or heirs shall be entitled to:

      1.    the Base Salary, through the Date of Termination (as defined below),
            a pro rata annual incentive award based on Employee's then current
            targeted award level, if any, and benefits otherwise due and payable
            or provided to the Employee's estate under this Agreement through
            the Date of Termination;

2.    All options shall vest immediately.

(b)   DISABILITY. The employment by the Company of the Employee pursuant to this
      Agreement may be terminated by written notice to the Employee by the
      Company, in the event that the Employee becomes unable to perform his
      duties and responsibilities by reason of physical or mental illness or
      accident for any six (6) consecutive month period. In the event that this
      Agreement is terminated by the Company pursuant to this 5(b), the Employee
      shall be entitled to:

      1.    the Base Salary, through the Date of Termination, a pro rata annual
            incentive award based on Employee's then current targeted award
            level

<PAGE>
        Employment Agreement - Mark Hirschborn                     Page 5

            and benefits otherwise due and payable or to be provided to the
            Employee under this Agreement through the Date of Termination;

      2.    the rights, if any, available under the Options, in accordance with
            the terms and conditions of the Plan and agreement governing the
            Options, provided that Employee will have 18 months to exercise any
            vested Options.

(c)   BY THE COMPANY FOR CAUSE. This Agreement may be terminated by the Company
      by written notice to the Employee ("Notice of Termination") upon the
      occurrence of any of the following events (each of which shall constitute
      "Cause" for termination):

      1.    The willful and continued failure by the Employee substantially to
            perform his or her duties and obligations to the Company (other than
            any such failure resulting from his or her incapacity due to
            physical or mental illness);

      2.    the willful engaging by the Employee in misconduct which is
            materially injurious to the Company;

      3.    the commission by the Employee of a felony;

      4.    the commission by the Employee of a crime against the Company.

For purposes of this Section 5(c), no act or failure to act, on the Employee's
part shall be considered willful unless done, or omitted to be done, by the
Employee in bad faith and without reasonable belief that his action or omission
was in the best interest of the Company. Determination of Cause shall be made by
the Board of Directors in its sole discretion.

In the event the Company determines the occurrence of any of the events noted
above Employee shall have be provided a notice from the Company's Board of
Directors no less than 30 days prior to the effective date of such termination
stating that any event that had occurred constitutes Cause and that the Board of
Directors intends to terminate Employee's employment for Cause pursuant to this
Section 5(c) and describing in reasonable detail, the reasons therefor, and
Employee shall have had the opportunity to cure such Cause.

In the event the employment by the Company of the Employee is terminated
pursuant to this Section 5(c), the Employee shall be entitled to the Base Salary
through the Date of Termination and benefits otherwise due and payable or to be
provided to the Employee through the Date of Termination. The Options and other
long-term incentive

<PAGE>
        Employment Agreement - Mark Hirschborn                     Page 6

awards, excluding those currently exercisable, may not be exercised at any time
on or after the Date of Termination.

(d)    BY THE COMPANY WITHOUT CAUSE. The employment by the Company of the
       Employee pursuant to this Agreement may be terminated by the Company at
       any time without Cause by delivery of a Notice of Termination to the
       Employee. In the event that the employment by the Company of the Employee
       pursuant to this Agreement is terminated by the Company pursuant to this
       Section 5(d), the Employee shall be entitled to:

      1.    the Base Salary through the Date of Termination, a pro rata annual
            incentive award based on the Employee's current targeted award level
            and benefits otherwise due and payable or to be provided to the
            Employee through the Date of Termination;

      2.    the Base Salary, the Employee's current targeted annual incentive
            award and benefits to be paid or provided to the Employee under this
            Agreement for the period commencing on the day after the Date of
            Termination and ending on the later of (a) the one (1) year
            anniversary of the Date of Termination and (b) the last day of the
            Period of Employment; and

      3.    all Options shall vest immediately and Employee will have 18 months
            to exercise all such vested Options.

(e)   BY THE EMPLOYEE FOR GOOD REASON. The employment of the Employee by the
      Company pursuant to this Agreement may be terminated by the Employee for
      "Good Reason". Good Reason shall mean any of the following other than in
      connection with the termination of employment for Cause (as defined above)
      or in connection with the Employee's disability:

      1.    the assignment to the Employee by the Company of duties materially
            inconsistent with the positions, duties, responsibilities, titles,
            or offices set forth herein;

      2.    a material reduction by the Company in the Employee's Base Salary or
            target bonus as in effect at the date hereof or as the same may be
            increased from time to time during the Period of Employment;

      3.    the material breach by the Company of its material obligations
            hereunder.

   In the event that the employment by the Company of the Employee pursuant to
   this Agreement is terminated by the Company pursuant to this Section 5(e),
   the Employee shall be entitled to:

<PAGE>
        Employment Agreement - Mark Hirschborn                     Page 7

      1.    the Base Salary through the date of Termination, a pro rata annual
            incentive award based on the Employee's current targeted award level
            and benefits otherwise due and payable or to be provided to the
            Employee through the Date of Termination;

      2.    the Base Salary, the Employee's current targeted annual incentive
            award and benefits to be paid or provided to the Employee under this
            Agreement for the period commencing on the day after the Date of
            Termination and ending on the later of (a) the one (1) year
            anniversary of the Date of Termination and (b) the last day of the
            Period of Employment; and

      3.    the rights, if any, available under the Options, in accordance with
            the terms and conditions of the Plan and agreement governing the
            Options provided that Employee shall have 18 months to exercise any
            vested Option.

(f)   EMPLOYEE WITHOUT GOOD REASON. The employment of the Employee by the
      Company pursuant to this Agreement may be terminated by the Employee at
      any time by delivery of a written notice of resignation to the
      Company("Notice of Resignation"). In the event the employment by the
      Company of the Employee pursuant to this Agreement is terminated by the
      Employee pursuant to this Section 5(f), the Employee shall be entitled to
      the Base Salary and benefits due to the Employee under this Agreement
      through the Date of Termination. Any Options and long-term incentive
      awards shall immediately terminate on the Date of Termination, except that
      Employee shall retain all vested Options and shall have 18 months to
      exercise such Options.

(g)   BY THE EMPLOYEE IN THE EVENT OF A CHANGE-IN-CONTROL. In the event that the
      Company terminates the employment of the Employee within two (2) years of
      a Change-in-Control as defined below, the Employee is entitled to those
      payments defined in Section 5(d), provided, however, that is such Change
      of Control occurs prior to an Initial Public Offering of the Company's
      shares (the "IPO"), all Options shall immediately vest and become
      exercisable and if such Change of Control occurs after the IPO, the
      vesting date of each portion of the Options shall be accelerated by 12
      months.

      A Change-in-Control is defined as the occurrence of any one (1) of the
      following events:

      1.    The following individuals cease for any reason to constitute a
            majority of the number of directors then serving: individuals who,
            on the

<PAGE>
        Employment Agreement - Mark Hirschborn                     Page 8

            commencement date of this Agreement, constitute the Board and any
            new director (other than a director whose initial assumption of
            office is in connection with an actual or threatened election
            contest, including but not limited to a consent solicitation,
            relating to the election of directors of the Company) whose
            appointment or election by the Board or nomination for election by
            the Company's stockholders was approved or recommended by a vote of
            at least two-thirds (2/3) of the directors then still in office who
            either were directors on the commencement date of this Agreement or
            whose appointment, election or nomination for election was
            previously so approved or recommended;

      2.    there is consummated a merger or consolidation of the Company or any
            direct or indirect subsidiary of the Company with any other
            corporation, other than an intercompany transaction or
            reorganization.

      3.    a merger or consolidation which would result in the voting
            securities of the Company outstanding immediately prior thereto
            continuing to represent (either by remaining outstanding or by being
            converted into voting securities of the surviving or parent entity)
            more than 65% of the combined voting power of the voting securities
            of the Company or such surviving or parent entity outstanding
            immediately after such merger or consolidation;

      4.    a merger or consolidation effected to implement a recapitalization
            of the Company (or similar transaction) in which no person, directly
            or indirectly, acquired 35% or more of the combined voting power of
            the Company's then outstanding securities (not including in the
            securities beneficially owned by such person any securities acquired
            directly from the Company or its affiliates); or

      5.    the stockholders of the Company approve a plan of complete
            liquidation of the Company or there is consummated an agreement for
            the sale or disposition by the company of all or substantially all
            of the Company's assets (or any transaction having a similar
            effect), other than a sale or disposition by the Company of all or
            substantially all of the Company's assets to an entity, at least 65%
            of the combined voting power of the voting securities of which are
            owned by stockholders of the Company in substantially the same
            proportions as their ownership of the Company immediately prior to
            such sale.

(h)   DATE OF TERMINATION. The Employee's Date of Termination shall be:

<PAGE>
        Employment Agreement - Mark Hirschborn                     Page 9

      1.    if the Employee's employment by the Company is terminated pursuant
            to Section 5(a) hereof, the date of his death;

      2.    if the Employee's employment by the Company is terminated pursuant
            to Section 5(b) hereof, the last day the Employee worked;

      3.    if the Employee's employment by the Company is terminated pursuant
            to Sections 5(c), 5(d) or 5(g) hereof, the date on which a Notice of
            Termination is given; and

      4.    if the Employee's employment by the Company is terminated pursuant
            to Sections 5(e) or 5(f) hereof, the date on which a Notice of
            Resignation is given.

Section 6: GROSS-UP

If and to the extent any payment made under this Agreement, either alone or in
conjunction with other payments the Employee has the right to receive either
directly or indirectly from Company (the "Total Payments"), would constitute an
excess parachute payment under Section 280G of the Internal Revenue Code of
1986, as amended (the "Code"). Company agrees to pay Employee an amount (the
"Gross-up Payment"), such that after payment by Employee of all taxes, including
interest and penalties imposed with respect to such taxes, including any excise
tax imposed by Section 4999 of the Code (the "Excise Tax"), Employee retains an
amount of the Gross-up Payment equal to the Excise Tax imposed upon the Total
Payments.

Section 7: CONFIDENTIALITY; NON-COMPETITION

As a condition to the Company's willingness to enter into this Agreement, the
Employee agrees to the covenants and restrictions set forth in this Section 7.

(a)   The Employee agrees that, during the Employment Period and for a period of
      two (2) years thereafter, he shall not, directly or indirectly, induce or
      solicit (or authorize or assist in the taking of any such actions by any
      third party) any employee or consultant of the Company to leave his or her
      business association with the Company.

(b)   The Employee acknowledges and agrees that, during the course of the
      provision of the Employee's services to the Company, the Employee may be
      exposed to confidential, proprietary or sensitive data and information
      concerning the business and affairs of the Company, and that all such data
      and information constitutes a protectable business interest of the
      Company. In furtherance of such business interest, the Employee agrees not
      to, during the Period of

<PAGE>
        Employment Agreement - Mark Hirschborn                     Page 10

      Employment or at any time thereafter, use for the Employee's purposes, or
      disclose to or for the benefit of any third party, any trade secret or
      other confidential information of the Company or any of its affiliates
      (except as may be required by law or in the performance of duties
      hereunder consistent with the Company's policies) and the Employee will
      comply with any confidentiality obligations of the Company to a third
      party, whether under agreement or otherwise. Notwithstanding the
      foregoing, confidential information shall be deemed not to include
      information which (i) is or becomes generally available to the public
      other than as a result of a disclosure by the Employee or any other person
      who directly or indirectly receives such information from the Employee or
      at the Employee's discretion or (ii) is or becomes available to the
      Employee on a non-confidential basis from a source which is entitled to
      disclose it to the Employee.

(c)   The Employee agrees that he will not at any time during the Employment and
      for a period two (2) years thereafter, directly or indirectly, own any
      interest in, operate, join, control or participate as a director,
      stockholder, owner, partner, principal, officer or agent of, enter into
      the employment of, act as a consultant to, or perform any services for,
      any entity that is engaged anywhere in the United States of America in the
      online travel auction business or any other business entered into by the
      Company which makes up a minimum of 20%of the Company's overall revenues
      or invested capital. Notwithstanding anything herein to the contrary, this
      Section 7(c) shall not prevent the Employee from acquiring securities
      representing not more than one percent (1%) of the outstanding voting
      securities of any publicly held corporation. It is the desire and intent
      of the parties that the provisions of this Section 7(c) shall be enforced
      to the fullest extent permitted under applicable law. If all or part of
      this Section 7(c) is held invalid, illegal or incapable of being enforced
      by any law or public policy, all other terms and provisions of this
      Agreement shall nevertheless remain in full force and effect. If any part
      of this Section 7(c) is ultimately determined to be excessively broad as
      to duration, scope, activity or subject, such part will be construed by
      limiting and reducing it so as to be enforceable to the maximum extent
      compatible with applicable law.

(d)   The Employee acknowledges and agrees that each of the covenants set forth
      in this Section 7 are reasonable and necessary for the protection of the
      Company business interests, that irreparable injury will result to the
      Company if the Employee breaches any of the terms of said covenants, and
      that in the event of the Employee's actual or threatened breach of any
      such covenants, the Company will have no adequate remedy at law. The
      Employee accordingly agrees that in the event of any actual or threatened
      breach by the Employee of any of said covenants, the Company shall be
      entitled to immediate injunctive and other equitable relief without bond
      and without the necessity of showing actual

<PAGE>
        Employment Agreement - Mark Hirschborn                     Page 11

      monetary damages. Nothing contained herein shall be construed as
      prohibiting the Company from pursuing any other remedies available to it
      for such breach or threatened breach, including the recovery of any
      damages which it is able to prove.

(e)   The provisions of this Section 7 shall survive the expiration or
      termination of this Agreement, and any of the arrangements contained
      herein, and shall be binding upon the Employee's corporate or personal
      successors and assigns.

Section 8: INDEMNIFICATION

In the event the Employee was, is or becomes a party to or witness or other
participant in, or is threatened to be made a party to or witness or other
participant in, any threatened, pending or completed action, suit or proceeding,
or any inquiry or investigation (whether instituted by the Company or any other
party) that the Employee in good faith believes might lead to the institution of
any such action, suit or proceeding, whether civil, criminal, administrative,
investigative or otherwise (a "Claim"), by reason of (or arising in part out of)
any event or occurrence related to the fact that the Employee is or was a
director, officer, employee, agent, independent contractor, consultant or
fiduciary of either of the Company, or is or was serving at the request of the
Company as a director, officer, employee, trustee, agent, independent
contractor, consultant or fiduciary of another corporation, partnership, limited
liability company, joint venture, employee benefit plan, trust or other
enterprise, or by reason of anything done or not done by the Employee in any
such capacity (an "Indemnifiable Event"), then the Company, shall indemnify and
hold harmless the Employee to the fullest extent permitted by law as soon as
practicable but in any event no later than thirty (30) days after written demand
is presented to the Company, against any and all expenses (including attorneys'
fees), judgments, fines, penalties and amounts paid in settlement (including all
interest, assessments and other charges paid or payable in connection with or in
respect of such expenses, judgments, fines, penalties or amounts paid in
settlement of such Claim.

Notwithstanding anything contained herein to the contrary, the indemnification
obligations of the Company set forth in this Section 8 shall survive the
termination or expiration of this Agreement.

<PAGE>
        Employment Agreement - Mark Hirschborn                     Page 12

Section 9:  SUCCESSORS; BINDING AGREEMENT

This Agreement is a personal contract and the rights and interests of the
Employee hereunder may not be sold, transferred, assigned, pledged, encumbered
or hypothecated by him, except as otherwise expressly permitted by the
provisions of this Agreement. This Agreement shall inure to the benefit of the
parties hereto and their respective representatives, executors, administrators,
successors, heirs, distributees, devisees and legatees.

Section 10:  ENTIRE AGREEMENT

This Agreement contains all of the understandings between the parties hereto
pertaining to the matters referred to herein, and supersedes any other
undertakings and agreements, whether oral or in writing, previously entered into
by them with respect thereto. The Employee represents that, in executing this
Agreement, he does not rely and has not relied upon any representation or
statement not set forth herein made by the Company with regard to the subject
matter or effect of this Agreement or otherwise.

Section 11: AMENDMENT, MODIFICATION AND WAIVER

No provision of this Agreement may be amended, modified or waived unless such
amendment, modification or waiver is agreed to in writing, signed by the
Employee, and a duly authorized officer of the Company. No waiver by any party
hereto of any breach by another party hereto of any condition or provision of
this Agreement to be performed by such other party shall be deemed a waiver of a
similar or dissimilar condition or provision at the same time, any prior time or
any subsequent time.

Section 12: NOTICES

Any notices, requests, demands, waivers or other communications required or
permitted to be given hereunder shall be in writing and shall be deemed given
when delivered personally, sent by courier or facsimile or registered or
certified mail, postage prepaid, return receipt requested, by reputable
overnight courier (receipt of which is confirmed) addressed to the party
concerned at the address indicated below or to such other address as such party
may subsequently give notice hereunder in writing:

<PAGE>
        Employment Agreement - Mark Hirschborn                     Page 13

If to the Company:

            SkyAuction.com, Inc.
            501 Madison Ave., 14th floor
            New York, NY 10022
            Attn: Michael Hering

If to the Employee:

            Mark Hirschhorn
            8 Avon Road
            Larchmont, NY 10538

All such notices, requests, demands, waivers and communications shall be deemed
to have been given on the date on which so hand-delivered, on the third business
day following the date on which so mailed, on the next business day following
the date on which delivered to such overnight courier and on the date of such
facsimile transmission and confirmation, except for a notice of change of person
or address, which shall be effective only upon receipt thereof.

Section 13: SEVERABILITY

If for any reason any provision of this Agreement shall be held invalid, such
invalidity shall not affect any other provision of this Agreement not so held
invalid, and all other such provisions shall to the full extent consistent with
law continue in full force and effect. If any such provision shall be held
invalid in part, such invalidity shall in no way affect the rest of such
provision which, together with all other provisions of this Agreement, shall
likewise to the full extent consistent with law continue in full force and
effect.

Section 14: SURVIVORSHIP

The respective rights and obligations of the parties hereunder shall survive any
termination of this Agreement to the extent necessary to the intended
preservation of such rights and obligations.

<PAGE>
      Employment Agreement - Mark Hirschhorn          Page 14

Section 15: GOVERNING LAW; JURISDICTION

This Agreement will be governed by and construed in accordance with the laws of
the State of New York, without regard to its conflicts of law principles.

The parties hereto hereby irrevocably:

(a)    agree that any suit, action or other legal proceeding arising out of this
       Agreement, or any of the transactions contemplated hereby, may be brought
       in the courts of record of New York or the courts of the United States
       located in the State of New York;

      1.    consent to the jurisdiction of each such court in any such suit,
            action or proceeding;

      2.    waive any objection to the laying of venue of any such suit, action
            or proceeding in any of such courts; and

      3.    agree that New York is the most convenient forum for litigation of
            any such suit, action or proceeding.

Section 16: SPECIFIC PERFORMANCE

Each party hereto acknowledges that money damages would be both incalculable and
an insufficient remedy for any breach of this Agreement by such party and that
any such breach would cause the other parties irreparable harm. Accordingly,
each party hereto also agrees that, in the event of any breach or threatened
breach of the provisions of this Agreement by such party, the other parties
shall be entitled to equitable relief without the requirement of posting a bond
or other security, including in the form of injunctions and orders for specific
performance, in addition to all other remedies available to such other parties
at law or in equity.

Section 17: ATTORNEY'S FEES

Employee and Company agree that in any dispute resolution proceedings arising
out of this Agreement, the prevailing party shall be entitled to its, his or her
reasonable attorney's fees and costs incurred by it or him in connection with
resolution of the dispute in addition to any other relief granted.

<PAGE>
      Employment Agreement - Mark Hirschhorn          Page 15

IN WITNESS WHEREOF, Company has caused this Agreement to be executed by its duly
authorized officer, and Employee has hereunto signed this Agreement, on the date
first written above.

                                    SkyAuction.com, Inc. (the "Company")

                                    By   /s/ Michael N. Hering
                                        ---------------------------------
                                    Its    CEO
                                        ---------------------------------

                                         /s/ Mark Hirschhorn
                                    ------------------------------------
                                    Employee

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