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                                                                   EXHIBIT 10.14

                      MICROSOFT AND FAIRMARKET CONFIDENTIAL

                              MICROSOFT CORPORATION
                      COMPOSITE AUCTION SERVICES AGREEMENT

         This Auction Services Agreement (the "Agreement") is made and entered
into as of this 26th day of July, 1999 (the "Effective Date"), by and between
Microsoft Corporation, a Washington corporation, with a principal place of
business located at One Microsoft Way, Redmond, WA 98052 ("Microsoft") and
FairMarket, Inc., a Delaware corporation, with a principal place of business
located at 400 Unicorn Park Drive, Woburn, MA 01801 ("FairMarket").

                                    RECITALS

         Microsoft operates a number of web sites and wishes to offer users of
such sites access to a Microsoft-branded auction service.

         FairMarket is in the business of designing, developing and hosting web
sites for third parties and wishes to create, host and support private label
auction services for Microsoft, based upon Microsoft specifications and branding
requirements.

         Microsoft wishes to enter into an agreement to have FairMarket develop,
host and support key elements of a private labeled Microsoft auction service
that is accessible on various Microsoft web sites, which sites shall be
determined in Microsoft's sole discretion.

         Now therefore, in consideration of the mutual promises and covenants
contained herein, the receipt and sufficiency of which is hereby acknowledged,
Microsoft and FairMarket agree as follows.

                                    AGREEMENT

1.   DEFINITIONS

          1.1 "ADMINISTRATIVE MODULE" means that online software tool, as more
     fully described in Exhibit A attached hereto and incorporated herein by
     this reference, provided to Microsoft by FairMarket that allows Microsoft
     to access and modify certain portions of the Private Label Auction Sites as
     described in Section 2.8.

          1.2 "ADVERTISING FEES" means any fees charged by Microsoft from the
     sale of banner advertising and tile ad advertising.

          1.3 "AFFILIATES" means those companies for whom FairMarket provides
     private label auction services similar to the Private Label Auction Sites
     as defined herein.

          1.4 "AUCTION CONTENT AREA" means the area on a Private Label Auction
     Site where the main auction and classified advertising listings and
     auctions/classifieds-related merchandising occurs.

          1.5 "AUCTION SERVICES" means commerce services where Buyers set the
     ultimate sales price of the goods or services offered for sale on the
     Private Label Auction Sites, including without limitation, auctions of all
     types (e.g., traditional, Dutch, English, reverse, quick-win) and declining
     price sales formats.

          1.6 "BUYER" means a person purchasing items.

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          1.7 "CLASSIFIED ADVERTISING SERVICES" means line listing type
     advertising in the auctions/classifieds area of the Private Label Auction
     Sites where Sellers set a fixed sales price for the goods or services
     available for purchase online or offline.

          1.8 "COMMERCIAL RELEASE DATE" means the date on which the first
     Private Label Auction Site becomes commercially available to the general
     public.

          1.9 "END USERS" means all end users of the Private Label Auction
     Sites, including without limitation, Buyers and Sellers.

          1.10 "FAIRMARKET NETWORK" means the network of sites of FairMarket's
     Affiliate customers for whom FairMarket hosts private label auction
     services similar to the Private Label Auction Sites as defined herein.

          1.11 "LISTING FEES" means any fee charged to a Seller for entering its
     listings of products or services on the Private Label Auction Sites.
     Listing fees include basic listing fees for participation as well as fees
     for participation in Merchandising Locations.

          1.12 "MERCHANDISING LOCATIONS" means areas on the Private Label
     Auction Sites where Sellers can merchandise themselves as a featured
     merchant or their product listings. Merchandising Locations will include
     enhanced listings (e.g., bold), Featured Merchants List, Featured Merchant
     Listings, Hot Listings, and navigational area Category Sponsorships.
     Examples of such locations are set forth in the attached Exhibit D.

          1.13 "MICROSOFT MARKS" means those Microsoft trademarks, trade names,
     service marks, and/or logos, including without limitation the MSN Logo,
     which Microsoft elects to use on and in connection with the Private Label
     Auction Sites.

          1.14 "MICROSOFT SITES" means the web sites owned and/or operated by
     Microsoft (including any versions, upgrades, successors and replacements
     thereof), including without limitation, those identified in Section 2.4
     below.

          1.15 "MSN" means Microsoft's general information portal web site
     located at www.msn.com (including any versions, upgrades, successors and
     replacements thereof).

          1.16 "MSN LOGO" means the MSN logo provided to FairMarket for use in
     the Private Label Auction Sites or such additional or replacement logos as
     Microsoft may provide from time to time under this Agreement.

          1.17 "PRIVATE LABEL AUCTION SITES" means those web sites created by
     FairMarket on behalf of Microsoft pursuant to this Agreement where, among
     other things, End Users can buy and sell items through Auction Services and
     Classified Advertising Services.

          1.18 "SELLERS" means persons purchasing listings seeking to sell
     items.

          1.19 "SPECIFICATIONS" means those functional specifications described
     in FairMarket's Community Auction Place Features, version 4.0, as such
     specifications may be improved and updated from time to time. The current
     version of the Specifications is attached hereto as Exhibit A and
     incorporated herein by this reference.

          1.20 "TERM" means the period set forth in Section 12.

          1.21 "TERRITORY" means the geographic area comprising the United
     States, including its possessions and territories, and Canada.

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          1.22 "TRANSACTION FEES" means any fee charged by Microsoft to Sellers
     or Buyers which become payable to Microsoft upon the consummation of a sale
     of product or service through the Auction Services or the Classified
     Advertising Services.

          1.23 "USER INTERFACE" means the area where the overall site
     navigation, banner advertising and look and feel associated with each
     Private Label Auction Site is displayed.

          1.24 All other initially capitalized terms shall have the meanings
     hereinafter assigned to them.

2.   FAIRMARKET RIGHTS AND OBLIGATIONS

          2.1 DEVELOPMENT AND HOSTING OBLIGATIONS OF FAIRMARKET. FairMarket will
     provide Microsoft with an Administrative Module for each of the Private
     Label Auction Sites through which Microsoft can control the Auction
     Services parameters on each such Private Label Auction Site, including user
     interface, auction categories, listings and email text, as well as have
     access to real-time auction reporting. Each such Administrative Module
     shall be based on and in conformance with the Specifications. At
     Microsoft's election and written request, during the Term FairMarket shall
     provide Microsoft with the Administrative Modules to create and develop an
     unlimited number of versions of the Private Label Auction Sites for
     simultaneous use by Microsoft in connection with the provision of Auction
     Services and Classified Advertising Services to End Users of the Microsoft
     Sites in the Territory. Such versions shall be at no charge to Microsoft
     except as otherwise provided herein. FairMarket shall be responsible for
     all system operation software costs, hardware costs and operation costs
     incurred in connection with the development and operation of the Private
     Label Auction Sites. FairMarket agrees to make reasonable product
     modifications, including without limitation, adding new graphics,
     adding/deleting or modifying links to third-party web sites, and screen
     redesigns, within 14 days of receiving any revised written request from
     Microsoft during the Term.

          2.2 HOSTING AND URLS. FairMarket shall host the Private Label Auction
     Sites on servers owned or controlled by FairMarket, under Universal
     Resource Locator(s) ("URL(s)") to be provided by Microsoft.

          2.3 MODIFICATIONS. Notwithstanding anything contained in Section 2.1,
     FairMarket shall ensure that Microsoft has the ability to independently
     modify and tailor each Private Label Auction Site as described in Sections
     2.5 and 2.8 of this Agreement.

          2.4 PARTICIPATING MICROSOFT SITES. FairMarket acknowledges and agrees
     that the Microsoft Sites named in List #1 below are the most likely
     Microsoft Sites to incorporate Private Label Auction Services developed by
     FairMarket. The parties acknowledge and agree that some of the Microsoft
     Sites named in List #2 will also incorporate Private Label Auction Services
     developed by FairMarket and in some cases the Microsoft Sites named in List
     #1 may not.

                  LIST #1
                  -------
                  MSN.com.
                  Business Channel
                  Computing Central
                  MSN Plaza/Shopping
                  Womens Channel
                  MSN Gaming Zone
                  Sidewalk/Comparenet
                  MSN Entertainment
                  Web Communities
                  MSN Search

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                  LIST #2
                  -------
                  MSN Sports
                  HotMail
                  WebTV
                  LinkExchange
                  Encarta
                  Expedia
                  Carpoint
                  Microsoft Instant Messenger
                  MSNBC
                  HomeAdvisor
                  MoneyCentral

     2.5     USER INTERFACE; CO-BRANDING. Microsoft will determine the look and
     feel of the User Interfaces for each of the Private Label Auction Sites,
     subject to the condition that each page of the Private Label Auction Sites
     will contain "Member of the FairMarket Network" or similar mutually agreed
     upon FairMarket ingredient branding. Microsoft will utilize the
     Administrative Module to program all HTML code to create the User
     Interface. FairMarket will use best efforts to assist Microsoft in
     developing the User Interfaces for each of the Private Label Auction Sites.
     To the extent that FairMarket's Administrative Module cannot be used to
     create Microsoft's desired look and feel, FairMarket will use commercially
     reasonable efforts to approximate the Microsoft Sites' look and feel as
     closely as possible.

     2.6  CONTENT; REMOVAL.

               (a) FairMarket agrees to make available at no cost to Microsoft,
          and except as otherwise provided in this Agreement, Microsoft agrees
          to display listings and other Merchandising Listings from the
          FairMarket Network in the Auction Content Area.

               (b) FairMarket shall be primarily responsible for removing
          auctions, classified advertising categories or items or listings if
          they do not comply with generally acceptable advertising industry
          standards. Examples of such types of items include, without
          limitation, pornography, drugs, alcohol and racially or politically
          offensive products or ads. In addition, FairMarket will work with
          Microsoft to identify and establish a mutually agreed set of
          additional categories or items that FairMarket will be primarily
          responsible for removing.

               (c) In addition, in Microsoft's sole discretion, Microsoft may
          elect that the Private Label Auction Sites will not contain certain
          types of classified advertising, including without limitation, real
          estate classified ads, automobile classified ads, travel classifieds
          ads, employment classified ads or certain auction categories or
          related auction listings such as computer software, whether such
          listings originated on the Private Label Auction Sites or Affiliate
          sites. In addition to FairMarket's obligation identified in Section
          2.6(b) above, Microsoft shall have the right, but not the obligation,
          to remove auctions or classified advertising categories or items if
          they do not comply with Microsoft standard advertising guidelines, or
          if they are competitive to the Microsoft Sites, e.g., auto auctions
          from Auto-by-Tel. FairMarket shall ensure that the Administrative
          Module provides Microsoft with the ability and all necessary
          functionality to remove objectionable listings from the Private Label
          Auction Sites. Microsoft has the right not to include listings if it
          has reason to believe any such listing might be illegal/fraudulent, or
          if a Seller is a known counterfeiter, and the like.

     2.7       MERCHANDISING LOCATIONS. The Private Label Auction Sites will
          contain merchandising areas within the Auction Content Area where
          Sellers can merchandise their listings. Certain locations have
          currently been defined and are listed below; FairMarket and/or
          Microsoft may develop others during the course of this Agreement. For
          each Merchandising Location, the following will apply.

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               (A) PRE-IDENTIFIED MERCHANDISING LOCATIONS. The following are
               Merchandising Locations that currently exist and will be included
               as part of the Private Label Auction Sites. (i) Featured Merchant
               Listings: Appear in the main body of each category page, above
               the Current Listings section; (ii) Featured Merchants: Appear in
               the left or right hand menu bar; (iii) Hot Listings: Appear in
               the left or right hand menu bar; (iv) Category Sponsorship:
               Appear above the main body of each category and sub-category
               page, contains a text link or graphic link to a category
               sponsor's detailed listings on the Private Label Auction Site.

               Notwithstanding the forgoing, the location of these
               pre-identified Merchandising Locations on the Private Label
               Auction Sites will be determined solely by Microsoft. Additional
               Merchandising Locations will be added in Microsoft's sole
               discretion.

               (B) DISPLAY OF FAIRMARKET ITEMS IN MERCHANDISING LOCATIONS ON THE
               PRIVATE LABEL AUCTION SITES:

                    -    FairMarket shall receive 25% of the listings inventory
                         in the Featured Merchants List areas.

                    -    FairMarket shall receive 25% of the listings inventory
                         in Featured Merchant Listings areas.

                    -    FairMarket shall receive 25% of the listings inventory
                         in Hot Listings areas.

                    -    FairMarket shall receive 25% of the listings inventory
                         in Category Sponsorship areas.

               Microsoft has the sole right to determine the number of listings
               in the Merchandising Locations. FairMarket's portion of listings
               that FairMarket has the right to display will be calculated based
               on the percentage allocation above, but in no event will be less
               than two listings per Merchandising Location. The order in which
               the items found in Merchandising Locations are displayed will be
               rotated sequentially, so that all featured Merchant Listings or
               Featured Merchants will appear at the top of the list an equal
               number of times. In the case of Featured Merchants and Category
               Sponsorship areas, FairMarket agrees to not display merchants
               that are competitive to Microsoft (e.g, Travelocity, Auto-by-Tel,
               etc.). Microsoft will provide FairMarket with a list of companies
               that will not be displayed in the Merchandising Locations. The
               list of companies will be updated periodically by Microsoft. Only
               Microsoft and FairMarket, and no other FairMarket Affiliate, will
               obtain inventory or have its listings appear in the Private Label
               Auction Site Merchandising Locations.

               (C) BILLING AND COLLECTING. For Microsoft-generated Merchandising
               Listings, FairMarket will be responsible for billing and
               collection of Merchandising Fees, using the same procedures as
               for Listing Fees and Transaction Fees as set forth in Section
               5.1(b). For purposes of this Agreement, fees charged by Microsoft
               for Microsoft-generated Merchandising Listings will be considered
               Listing Fees for purposes of revenue calculations and billing and
               collections. For the purposes of this Agreement,
               Microsoft-generated Category Sponsorships will be treated as
               "Advertising Fees" and shall be treated in accordance with the
               terms of Section 5.2.

         2.8   ADMINISTRATIVE MODULE. FairMarket will provide Microsoft with an
         Administrative Module for each of the Private Label Auction Sites
         through which Microsoft can control the Auction Services parameters,
         including user interface, auction categories, listings and email text,
         as well as have access to real-time auction reporting. The
         Administrative Module will provide Microsoft with the ability in the
         Administrative Module to remove listings from the Private Label Auction
         Sites that are objectionable to Microsoft, e.g., Microsoft competitive
         listings. Microsoft will utilize FairMarket's Administrative Module to
         program all HTML code to manage the Private Label Auction Sites.
         FairMarket will provide best efforts to train and assist Microsoft
         regarding the use of FairMarket's Administrative Module functionality.

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         2.9 CLASSIFIEDS LISTINGS. FairMarket shall provide Microsoft with all
         necessary tools and assistance to allow Microsoft to input existing
         Microsoft classified ad listings into the Private Label Auctions Sites
         at no cost to Microsoft. Subject to the provisions of Section 4.1, such
         listings will be distributed across the FairMarket Network.

         2.10 IMPLEMENTATION TIMETABLE. Within thirty (30) calendar days
         immediately following the Effective Date, FairMarket will provide
         Microsoft with the tools, training and hosting services that enable
         Microsoft to launch up to ten (10) Private Label Auction Sites.
         Additional Private Label Auction Sites will be developed per a schedule
         mutually agreed upon by Microsoft and FairMarket, but in no event will
         an implementation take longer than thirty (30) days from the date of
         written notification by Microsoft to FairMarket of Microsoft's desire
         to launch a site.

         2.11 PERFORMANCE STANDARDS. FairMarket agrees to meet or exceed MSN
         performance standards, attached as Exhibit C, including system
         availability/down time and average response time. FairMarket agrees to
         provide Microsoft with direct access to network operations support
         personnel on a 24x7 basis.

         2.12 DEDICATED RESOURCES. FairMarket's support of Microsoft shall
         include a minimum assignment of four full-time FairMarket personnel to
         work solely on the design, development, integration and support of
         Auction Services into Microsoft Sites. FairMarket will designate one or
         more dedicated project manager(s), account manager(s), engineer(s), as
         well as identify specific operations and customer personnel to support
         Microsoft.

         2.13 INTEGRATION. FairMarket will make best efforts to enable its
         Auction Services to be tightly integrated into the Microsoft Sites, and
         once developed, Microsoft will use commercially reasonable efforts to
         utilize and promote online such functionality. Such integration will
         include, but not be limited to:

                    (A) INTEGRATION OF REGISTERED MICROSOFT PASSPORT USERS.
                    Microsoft can enable existing registered users to
                    participate in the Private Label Auction Sites without
                    having to reenter their username, password or other relevant
                    information.

                    (B) INTEGRATION INTO CONTEXTUAL LOCATIONS AND SEARCH
                    RESULTS. FairMarket will provide data files of product
                    listing data for integration into Microsoft's search and
                    directory results and other contextual locations throughout
                    the Microsoft Sites.

                    (C) INTEGRATION INTO MICROSOFT'S PERSONALIZATION FEATURES.
                    FairMarket will use best efforts to provide its data in a
                    format for integration into Microsoft's personalization
                    initiatives across the Microsoft Sites.

                    (D) INTEGRATION INTO MICROSOFT MERCHANT TOOLS. FairMarket
                    will use best efforts to work with Microsoft to develop
                    auction and classified advertising related merchant tools
                    that seamlessly integrate with Microsoft merchant tools and
                    support Microsoft advertising sales packages, as well as
                    Microsoft billing, operations and Private Label Auction Site
                    functionality. FairMarket agrees to make functionality
                    available to Microsoft that will enable Microsoft to create
                    and offer to Sellers merchant packages including discounted
                    listing fees and bundled merchandising.

                    (E) INTEGRATION INTO MICROSOFT COMMUNITY BUILDING TOOLS/WEB
                    COMMUNITIES. FairMarket will use best efforts to incorporate
                    Microsoft Community Building Tools (i.e., chat, BBS,
                    calendaring, etc.) on the Private Label Auction Sites.

                    (F) INTEGRATION INTO MICROSOFT INSTANT MESSENGER. FairMarket
                    will use best efforts to incorporate Microsoft Instant
                    Messenger functionality on the Private Label Auction Sites.

                    (G) INTEGRATION INTO MICROSOFT BIZTALK PRODUCT/SERVICES
                    CLASSIFICATION TAXONOMY. FairMarket will use best efforts to
                    adopt Microsoft schema for structure products. For example,
                    if

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                    for "printers" FairMarket has a number of attributes for
                    searching auctions, and for "printers" Microsoft has a
                    number of attributes for a buyer guide, these attributes
                    should be substantially the same.

                    (H) INTEGRATION INTO MICROSOFT COMMERCE SERVER AND OTHER
                    MICROSOFT COMMERCE SOFTWARE PRODUCTS. FairMarket will use
                    best efforts to work with Microsoft to develop links from
                    the Microsoft Commerce Server to the Private Label Auction
                    Sites for merchants utilizing Microsoft Commerce Server.

                    (I) INTEGRATION INTO THE MSN SEARCH ENGINE. FairMarket will
                    use best efforts to work with Microsoft to program in fifty
                    (50) or one hundred (100) search term result sets. Longer
                    term, more advanced integration may include FairMarket
                    working with Microsoft to automatically query the auction
                    database for search strings and pull back relevant results.

                    (J) INTEGRATION INTO MICROSOFT'S INTERNET EXPLORER.
                    FairMarket will use best efforts to work with Microsoft to
                    find ways to integrate auctions notifications (i.e.,
                    products meeting a user's profile becoming available for
                    sale, latest bid, etc.), auctions functionality and/or
                    auctions content with Microsoft Internet Explorer.

                    (K) INTEGRATION INTO MICROSOFT'S BUSINESS-TO-BUSINESS
                    PORTAL. FairMarket will use best efforts to work with
                    Microsoft to integrate auction service functionality into
                    the Microsoft Business to Business Portal.

                    (L) INTEGRATION INTO MICROSOFT'S MSN MOBILE SERVICE.
                    FairMarket will use best efforts to work with Microsoft to
                    integrate auction service functionality into MSN Mobile
                    service -- e.g., the FairMarket server would send the
                    Microsoft server an HTTP post when a user is out-bid or has
                    won an auction. The post would include the user ID, the
                    auction item name and the new bid price or final price.

         Microsoft will prioritize these integration efforts. No later than ten
         days immediately following the Effective Date, Microsoft and FairMarket
         will mutually agree on a product development schedule to address the
         timing for the efforts identified in this Section 2.13.

         2.14 SITE SCREENING. FairMarket shall be primarily responsible for
         screening and promptly removing problematic listings on the Private
         Label Auction Sites as provided in this Agreement, including without
         limitation, Section 2.6 above.

         2.15 CUSTOMER SERVICE; TECHNICAL SUPPORT. At no charge to Microsoft,
         FairMarket shall be solely responsible for performing email-based
         customer support to End Users of all Private Label Auction Sites on a
         24-hour per day, 7-day per week basis, with a maximum 24-hour response
         time. All customer service will be "Microsoft branded" and will conform
         to the requirements and performance standards attached hereto as
         Exhibit C or as otherwise mutually agreed between the parties.
         FairMarket shall provide all technical support for the Private Label
         Auction Sites and customer and technical support for users of the
         Private Label Auction Sites, according to the technical support and
         maintenance requirements attached hereto as Exhibit B or as otherwise
         mutually agreed in writing between the parties.

         2.16     REPORTING.

                  (a) FairMarket will furnish Microsoft with monthly usage
                  statements showing for each month the number of auction and
                  classified listings by category, the number of auctions
                  closed, traffic to Private Label Auction Sites, the number of
                  page views, dollars per auction/category, and other key usage
                  information as reasonably requested by Microsoft in connection
                  with this Agreement.

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                    (b) FairMarket will also provide Microsoft with the number,
                    frequency, nature of and FairMarket response to any End User
                    support calls and any other support-related information and
                    documentation as is reasonably requested by Microsoft in
                    connection with this Agreement.

                    (c) FairMarket shall provide Microsoft with access to "real
                    time" online reporting functionality that will allow
                    Microsoft to ascertain user activity occurring at the
                    Private Label Auction Sites including user traffic, listing
                    related activity and transaction-related activity.

                    (d) FairMarket will track and report to Microsoft on
                    revenues in an identified format for each Private Label
                    Auction Site separately, as well as provide an aggregate
                    Microsoft revenue report for the same.

                    (e) Within 180 days immediately following the Effective
                    Date, FairMarket will track and report to Microsoft
                    aggregate cross network usage of the Microsoft provided
                    classified ads.

         2.17 LIMITED PROMOTION OF FAIRMARKET BRANDED AUCTION SITE. Unless
         otherwise mutually agreed, FairMarket shall not promote its own branded
         auction site to the public. FairMarket agrees to promote instead the
         FairMarket Network of sites.

         2.18 FAIRMARKET PROMOTION. Subject to the provisions of Section 3.9
         below, FairMarket shall promote Microsoft's participation as a
         participant in the FairMarket Network in ongoing press materials and in
         marketing materials related to such program; provided that all uses of
         Microsoft Marks in marketing and promotional materials shall require
         the prior review and approval of Microsoft as provided in Section 9.2
         below.

         2.19 PARTICIPATION IN MSN PROMOTIONS. At the request of Microsoft,
         FairMarket shall use commercially reasonable efforts to participate in
         MSN network promotions (in general, one per month) and to create
         banner/tile ads that it will provide to Microsoft to be placed
         throughout the Microsoft Sites to create awareness of the Auction
         Services. For purposes of this Section 2.19, "participating" means
         working with Microsoft to determine campaign themes and responding to
         Microsoft requests on a timely basis.

         2.20 MICROSOFT TECHNOLOGY ADOPTION. As a Microsoft strategic partner,
         FairMarket agrees, at its sole discretion, to use commercially
         reasonable efforts to adopt key Microsoft platform architectures and
         technology (in addition to the Microsoft technologies outlined in
         Section 2.13 above) which are being adopted by other Microsoft
         strategic partners, so long as the benefits to FairMarket are
         substantial or the costs to FairMarket not disproportionate to those it
         would incur in connection with similar technology adoption. Microsoft
         agrees to provide commercially reasonable technical assistance as
         mutually agreed to FairMarket to assist in adoption and implementation
         of such services.

         2.21 SOFTWARE PIRACY SUPPORT MEASURES. FairMarket agrees to work with
         Microsoft to develop comprehensive programs to reduce the sale of
         pirated Microsoft software and other illegal, pirated, counterfeit or
         unauthorized sales of other merchandise on the Private Label Auction
         Sites, and will develop no less comprehensive a program on all of its
         other FairMarket Network sites. Such programs may include requiring
         users to post verifiable information and/or a Microsoft review cycle.

         2.22 ADDITIONAL SERVICES. FairMarket agrees to develop the following
         features, functions or services per the timeline below.

                  (A) INSURANCE/FRAUD PROTECTION SERVICE that insures Buyers and
                  Sellers against Auction Services-related acts of fraud (within
                  60 days of the Effective Date).

                  (B) ESCROW AND CREDIT CARD PROCESSING SERVICE that allows
                  auction sellers to accept credit card payments when selling
                  products or services (within 90 days of the Effective Date).

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                  (C) BASIC INTERNATIONAL FUNCTIONALITY that provides
                  international time zone support, international currency
                  support and country specific date/time formats (within 120
                  days of the Effective Date).

                  (D) ENHANCED INTERNATIONAL FUNCTIONALITY that provides
                  non-English language support (within 270 days of the Effective
                  Date).

                  (E) EFFECTIVE NOTICE AND TAKEDOWN PROCEDURES across entire
                  network (within 15 days of the Effective Date).

3.       MICROSOFT RIGHTS AND OBLIGATIONS

         3.1 DEVELOPMENT COOPERATION. Microsoft shall provide to FairMarket
         timely and reasonable assistance and cooperation in connection with the
         development and testing of the Private Label Auction Sites.

         3.2 URLS. Microsoft shall, at its sole cost and expense, obtain and
         maintain all rights to the URL(s), or any successor URL(s), at which
         the Private Label Auction Sites are to be located.

         3.3 PROMOTION OF FAIRMARKET'S SERVICE TO MICROSOFT SITES. Microsoft
         shall exercise commercially reasonable efforts to make each Microsoft
         Site aware of FairMarket's Auction Services, promote FairMarket as an
         "incumbent" for purposes of Auction Services, and encourage each
         Microsoft Site to utilize Auction Services from FairMarket. FairMarket
         acknowledges that Microsoft makes no representation that any particular
         number of Microsoft Sites will participate under this Agreement.

         3.4 MICROSOFT AUCTION SERVICE INTEGRATION AND PROMOTION. Microsoft will
         integrate links to the Auction Services area throughout the Microsoft
         Sites. Such integration may include, but not be limited to, links from
         home pages, links from shopping pages, inclusion in emails, links from
         search results pages, links from category pages, and links from other
         contextually relevant pages within the Microsoft Sites to relevant
         areas within the Private Label Auction Sites. Microsoft shall have sole
         control over the promotion of the Private Label Auction Sites, and the
         display and placement of links to the Private Label Auction Sites on
         any and all Microsoft Sites.

         3.5 MICROSOFT EDITORIAL STAFF. Microsoft will use commercially
         reasonable efforts to author editorial and promotional content aimed at
         increasing traffic to the Private Label Auction Sites.

         3.6 MICROSOFT TECHNOLOGY. Microsoft shall make available, as Microsoft
         deems appropriate, Microsoft technology and technical assistance to
         FairMarket at rates proportionate to those made available to other
         similarly situated Microsoft strategic partners.

         3.7 MICROSOFT OFFICE SPACE. Microsoft agrees to make available office
         space for FairMarket dedicated personnel. Such space shall include up
         to three offices on the Microsoft campus, subject to FairMarket's
         compliance with Microsoft's standard terms and conditions for on-site
         vendors.

         3.8 MICROSOFT PROMOTION. Microsoft shall promote Microsoft's
         participation as a member of the FairMarket Network in ongoing press
         materials and in marketing collateral related to such program. In the
         event that FairMarket wishes to promote Microsoft's participation, it
         shall obtain the prior written approval of Microsoft prior to releasing
         any press materials or marketing collateral related to such program.

         3.9      USER TRAFFIC GUARANTEE.

                  (A) MINIMUM ANNUAL VISITS. Microsoft agrees to drive the
                  minimum number of user visits to the Private Label Auction
                  Sites as specified below ("Minimum Annual Visits"). For
                  purposes

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               of this Section 3.9, a "Visit" to the Auction Content Area is
               defined as a session in a Private Label Auction Site. Visits
               include those instances where the user clicks on a
               Microsoft-placed link, on a Microsoft Site or other site where
               Microsoft has a relationship, and enters the Auction Area hosted
               by FairMarket, and also includes those visits from users who have
               registered for Microsoft auctions who enter the Private Label
               Auction Sites directly by typing in a URL or any other means
               utilized by Microsoft to access the Private Label Auction Sites.
               Microsoft will not deliberately and artificially route traffic to
               the Private Label Auction Sites in an effort to artificially
               increase Visits.

<TABLE>
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                                    YEAR             MINIMUM ANNUAL VISITS
                                    ----             ---------------------
<S>                                                  <C>
                                    Year 1               72 Million Visits
                                    Year 2              160 Million Visits
                                    Year 3              184 Million Visits
                                    Year 4              203 Million Visits
                                    Year 5              212 Million Visits
</TABLE>

               (B)  PAYMENT CALCULATION.

                    (i) During each year of the Term (a "Year" being defined as
                    the one year period beginning on the Commercial Release Date
                    or anniversary of the Commercial Release Date and running
                    for one year therefrom), if the actual number of Visits for
                    that Year is equal to or greater than the Minimum Annual
                    Visits for such Year, then FairMarket shall pay Microsoft
                    the shortfall, if any, between the Guaranteed Minimum
                    Revenue and Microsoft's share (as specified in Section 5
                    below) of actual revenue attributable to the Private Labeled
                    Auction Sites ("Actual Microsoft Revenue") during such Year.

                    (ii) If the actual number of Visits for a given Year is
                    between 80% and 99.9% of the Minimum Annual Visits for such
                    Year, then FairMarket shall pay Microsoft the greater of its
                    share of Actual Microsoft Revenue during such Year or the
                    pro-rata portion of the Guaranteed Minimum Revenue for such
                    Year. By way of example, if Microsoft delivered 85% of its
                    traffic commitment, FairMarket would be responsible for
                    paying Microsoft 85% of the Guaranteed Minimum Revenue for
                    the applicable Year, if greater than the Actual Microsoft
                    Revenue for that Year.

                    (iii) If the actual number of Visits for a given Year is
                    less than 80% of the Minimum Annual Visits for such Year,
                    then FairMarket shall pay Microsoft its share of Actual
                    Microsoft Revenue during such Year.

               (C) GUARANTEES NOT CUMULATIVE. For purposes of this Section 3.9,
               Minimum Annual Visit guarantees are viewed on a contract Year
               basis and not on a cumulative basis. By way of example, if
               Microsoft did not reach 80% of the Minimum Annual Visit total in
               Year 2 but then exceeded the Minimum Annual Visit total in Year
               3, FairMarket would pay the Guaranteed Minimum Revenue in Year 3
               and would only pay the Actual Microsoft Revenue in Year 2.

         3.10 PRE-EMINENT AUCTION SERVICES PARTNER. Microsoft agrees that
         FairMarket will be the pre-eminent provider of Auction Services for the
         Microsoft Sites. Such Auction Services may include business to
         business, business to consumer, and consumer to consumer services.
         Microsoft Sites that elect to utilize FairMarket's Auction Services
         shall not enter into a relationship with any company to provide
         comparable auction services, private labeled or otherwise, to that of
         FairMarket and will not host content or promote links or advertising to
         any such company, subject to the following exceptions:

               (A) SPECIALIZED AUCTION-RELATED FUNCTIONALITY. Microsoft retains
               the right to work with companies that provide specialized
               auction-related functionality that is not comparable to

                                       10
<PAGE>   11

               functionality provided by FairMarket, including but are not
               limited to, high-end B2B auctions functionality (FreeLoader),
               Group Buying (Mercata), Online Haggling (Nextag.com),
               Non-bidding, Buyer priced purchased (PriceLine), Credit Card
               Transaction Processing Services (BillPoint), Escrow Services
               (iEscrow), Sothebys (authenticated product auctions).

               (B) NON-AUCTION-RELATED ADVERTISING. Microsoft retains the right
               to accept non-auction related advertising from companies that
               offer a portfolio of services including auctions, e.g.,
               Amazon.com. FairMarket acknowledges and agrees that Microsoft may
               sell advertising that may rotate throughout the Microsoft Sites
               (including auctions areas), and the restrictions set forth in
               this Section 3.10 shall not apply to such "Microsoft-wide run of
               site" sales. FairMarket acknowledges and agrees that certain
               Microsoft Sites may have existing auction-related agreements in
               place and that these pre-existing agreements cannot be supplanted
               and shall remain in place until the existing contract expires or
               is terminated.

               (C) QUARTERLY MEETINGS. Microsoft and FairMarket personnel will
               meet on a quarterly or more frequent basis, as mutually agreed,
               to discuss auction-related product development plans for the
               Private Label Auction Sites. In cases where Microsoft wishes to
               provide specialized auction-related functionality that is not
               comparable to that offered by FairMarket, Microsoft will discuss
               its functionality needs with FairMarket to determine if
               comparable functionality will be available from FairMarket within
               the time frame required by Microsoft. If FairMarket subsequently
               develops comparable functionality, Microsoft will evaluate the
               relevant FairMarket product offering and determine which
               provider's functionality best meets Microsoft's needs. In such
               situations Microsoft agrees to consider the fact that FairMarket
               is Microsoft's pre-eminent Auctions Service partner and agrees
               that FairMarket's status will be considered when determining
               which provider's functionality best meets Microsoft needs.

4.       LISTING RIGHTS AND USER INFORMATION

         4.1 LISTINGS. Microsoft has ownership rights to listings placed on the
         Microsoft Sites. Microsoft shall grant FairMarket the necessary rights
         to aggregate and distribute such listings across the FairMarket Network
         in the Territory. Microsoft and FairMarket agree that from time to time
         there may be certain circumstances where Microsoft requires the right
         to retain listings exclusively on MSN. The parties anticipate that over
         80% of Microsoft listings will be available to FairMarket for
         distribution across the FairMarket Network. FairMarket will provide
         Microsoft with the administration tools required to manage listing
         distribution from the Private Label Auction Sites to the FairMarket
         Network.

         4.2 END USER DATA. Microsoft has the exclusive right to collect, store
         and use all personal registration data provided by End Users ("End User
         Data") who register on Microsoft Sites and Private Label Auction Sites.
         FairMarket acknowledges that all End User individual and aggregate
         information acquired through the Private Label Auction Sites shall be
         solely owned by Microsoft. End User Data shall include (when available
         from the Private Label Auction Sites), without limitation: an End
         User's name, email address, and any other information collected which
         personally identifies the End User and aggregated End User information
         such as category related viewership, listings and purchase patterns and
         any other demographic information associated with the Private Label
         Auction Sites. Microsoft agrees that FairMarket shall be able to
         utilize aggregate information for purposes of improving the Private
         Label Auctions Sites, and FairMarket may utilize at its sole discretion
         aggregate data from the Private Label Auction Sites when aggregated
         with data from FairMarket's other customers. FairMarket agrees to
         conform to all applicable Microsoft data privacy standards covering End
         User Data as such may be provided by Microsoft to FairMarket from time
         to time. FairMarket agrees not to share Microsoft-only aggregate data
         with third parties without first obtaining written authorization from
         Microsoft.

         4.3 CONSENT. In addition to the foregoing, any collection, disclosure
         or use of End User Data by FairMarket shall be subject to the End
         Users' consent, and the business practices and End User privacy
         policies of the Microsoft Site from which it is collected. The business
         practices and policies of each such

                                       11
<PAGE>   12

          Microsoft Site presently permits, as their default, FairMarket to
          grant Microsoft the rights required by this Section 4.3, unless the
          End User specifically requests otherwise, and in all cases each party
          shall comply with any applicable laws governing the collection,
          dissemination and use thereof. "Consent" as used in this Agreement
          shall mean the approval of an adult, and in the case of minor
          children, the approval of the child's parent or legal guardian.
          FairMarket and Microsoft shall mutually agree on the Private Label
          Auction Site user interface for the collection of End User Data.
          Microsoft shall have sole discretion to determine the privacy policy
          for the Microsoft Sites and Private Label Auction Sites.

5.       FEES; BILLING; PAYMENTS

          5.1  LISTING AND TRANSACTION FEES.

               (A) AUCTION SERVICES PARTICIPATION FEES. Microsoft shall have
               sole discretion to determine the amount, if any, of Transaction
               Fees, Listing Fees, and Microsoft Advertising Fees to be charged.
               Microsoft will take into consideration input from FairMarket,
               current industry pricing, the competitive environment and
               FairMarket's guaranteed minimum revenue obligations when setting
               pricing. Notwithstanding the foregoing, in no event shall the
               Transaction Fees charged by Microsoft be less than one percent
               (1.0%) of the gross revenues of all transactions facilitated on
               the Private Label Auction Sites.

               (B) REVENUE SHARES. FairMarket will pay Microsoft, on a quarterly
               basis, 75% of Gross Revenue generated during the Term by End
               Users of the Private Label Auction Sites ("Achieved Revenue").
               For purposes of this Agreement, "Gross Revenue" shall mean all
               FairMarket collected Auction Service and Classified Advertising
               Service related revenue, less returns or similar credits and
               credit card and other processing costs (which returns and costs
               are not to exceed 2.5% of Gross Revenue). Gross Revenue shall be
               determined as follows: 100% of the Listing Fees charged to
               Sellers for listings placed at the Private Label Auction Sites,
               plus 50% of the Transaction Fees charged to Sellers for listings
               placed at the Private Label Auction Sites, plus 50% of the
               Transaction Fees (utilizing the Private Label Auction Sites'
               Transaction Fee Schedule) for winning bids that occur on the
               Private Label Auction Sites (including those winning bids placed
               on listings that originated at the Private Label Auction Sites
               and those originated elsewhere on the FairMarket Network).

               (C) LISTING AND TRANSACTION FEE-RELATED BILLING AND COLLECTIONS.
               Subject to Section 5.1(b), at no charge to Microsoft, FairMarket
               will be solely responsible for the billing and collection of
               Transaction Fees and Listing Fees. FairMarket will use its best
               efforts to collect all Transaction Fees and Listing Fees,
               provided that FairMarket shall have no obligation to bill any
               Seller or Buyer for Transaction Fees or Listing Fees until the
               aggregate amount of unpaid fees accrued by any such Seller or
               Buyer equals or exceeds ten dollars (US$10.00).

               (D) MONTHLY STATEMENTS. To the extent FairMarket is responsible
               for any billing and collections under this Agreement, FairMarket
               will furnish Microsoft with quarterly statements showing for each
               month in each calendar quarter during the Term the Listing Fees,
               Transaction Fees, Advertising Fees and/or Other Revenue (as
               defined in Section 5.4) a share of which Microsoft is entitled,
               and accompanied by payment to Microsoft of the amount (if any)
               due and owing Microsoft in accordance with such statement and
               this Agreement. Statements and payments will be sent within forty
               five (45) days after the end of each respective calendar quarter,
               provided that statements will be sent regardless of whether any
               amounts are payable. All such statements shall be treated by
               Microsoft as Confidential Information under the NDA.

         5.2 ADVERTISING FEES. Microsoft shall have the exclusive right to sell,
         serve and collect advertising revenue on the Private Label Auction
         Sites. Microsoft will receive 100% of the auction-related advertising
         revenue. Microsoft shall have sole discretion to set its own
         advertising rate card.

                                       12
<PAGE>   13
         5.3 HOSTING FEES. Microsoft agrees to pay FairMarket the total sum of
         Sixty Thousand Dollars (US$60,000) per month in return for hosting
         services provided by FairMarket associated with all Private Label
         Auction Sites hosted by FairMarket under this Agreement. Such payment
         shall be due, starting on the Effective Date and shall be paid by
         Microsoft pursuant to Section 5.7 below for so long as FairMarket
         continues to provide hosting services under this Agreement.

         5.4 OTHER REVENUE. All other auction-related service fees collected by
         either party related to participation in the Private Label Auction
         Sites and directly attributable to FairMarket services and
         functionality, including but not limited to End User or merchant
         subscription fees, End User or merchant service fees,
         transaction-enabled classifieds and credit card processing service fees
         (collectively, without limitation, "Other Revenue") will be split 75%
         to Microsoft and 25% to FairMarket unless an alternative revenue share
         is mutually agreed upon in writing. As an example of non-directly
         attributable revenue, if Microsoft decides to work with a third-party
         escrow service other than FairMarket, and FairMarket is not required to
         perform any steps associated with integrating said service other than
         providing reasonable cooperation as necessary and requested by
         Microsoft, Microsoft would not be required to share revenues generated
         by such escrow service with FairMarket.

         5.5 MINIMUM GUARANTEED REVENUE. FairMarket guarantees minimum revenue
         (the "Minimum Guaranteed Revenue) to Microsoft, which Minimum
         Guaranteed Revenue (which shall be calculated by including Microsoft's
         share of the Listing Fees, Transaction Fees, and Advertising Fees as
         set out in Section 5.1(b) and 5.2) is projected to be a minimum of
         Sixty Million Dollars (US$60,000,000) during the Term, as follows:

                           YEAR             MINIMUM GUARANTEED REVENUE
                           ----             --------------------------
                           Year 1                    $ 5 Million
                           Year 2                    $10 Million
                           Year 3                    $10 Million
                           Year 4                    $15 Million
                           Year 5                    $20 Million
                           Total:                    $60 Million

         5.6 SHORTFALL PAYMENT. In the event that the Actual Microsoft Revenue
         accrued to Microsoft in a given Year (as such term is defined in
         Section 3.9) is less than the Minimum Guaranteed Revenue above,
         FairMarket agrees to remit to Microsoft the difference no later than 45
         days following the end of each Year. Minimum guarantees are viewed on
         an annual basis and not on a cumulative basis; for example, any
         shortfall that FairMarket paid to Microsoft for a given Year would not
         be paid back by Microsoft in future Years, even if FairMarket exceeded
         the Minimum Guaranteed Revenue in future Years. The Minimum Guaranteed
         Revenue shall apply only in the event that Microsoft meets or exceeds
         the Minimum Annual Visit guarantees as described in Section 3.9, but in
         any event, FairMarket shall pay no less than the allocable portion of
         Actual Microsoft Revenue for any given Year.

         5.7  PAYMENT TERMS.

               (a) All payments due from FairMarket to Microsoft under this
               Agreement shall be made by wire transfer to such account as
               Microsoft may notify FairMarket from time to time (the "Microsoft
               Account").

                                       13
<PAGE>   14

               FairMarket shall pay Microsoft any such fees due within
               forty-five (45) days following the (i) last day of each calendar
               quarter during the Term, (ii) the last day of each Year during
               the Term, or (iii) the date on which any such payment becomes
               due, as applicable.

               (b) All payments due from Microsoft to FairMarket under this
               Agreement shall be made by wire transfer to such account or to
               such account as FairMarket may notify Microsoft from time to time
               (the "FairMarket Account").

               Microsoft shall pay FairMarket such fees due, if any, within
               forty-five (45) days following the (i) last day of each calendar
               quarter during the Term, (ii) the last day of each Year during
               the Term, or (iii) the date on which any such payment becomes
               due, as applicable.

          5.8  AUDITS

               (A) BY FAIRMARKET. During the Term of this Agreement, Microsoft
               agrees to keep all usual and proper records and books of account
               and all usual and proper entries and other documentation relating
               to all payments to be made by Microsoft to FairMarket hereunder.
               During the Term and for a period of six (6) months following the
               expiration or termination of this Agreement, FairMarket shall
               have the right to cause an audit and/or inspection to be made of
               such records of Microsoft in order to verify statements issued by
               Microsoft and Microsoft's compliance with the terms of this
               Agreement. Any such audit shall be conducted by an independent
               certified public accountant selected by FairMarket (other than on
               a contingent fee basis) and reasonably acceptable to Microsoft.
               Any audit and/or inspection shall be conducted during regular
               business hours at Microsoft's facilities upon at least thirty
               (30) days prior written notice. Such audits shall be made no more
               often than once every twelve (12) months.

               (B) BY MICROSOFT. During the Term of this Agreement, FairMarket
               agrees to keep all usual and proper records and books of account
               and all usual and proper entries and other documentation relating
               to the Gross Revenues, Actual Microsoft Revenues, Minimum
               Guaranteed Revenue, Visits, all other payments to be made by
               FairMarket hereunder, and all user and other reports submitted or
               to be submitted by FairMarket hereunder. During the Term and for
               a period of six (6) months following the expiration or
               termination of this Agreement, Microsoft shall have the right to
               cause an audit and/or inspection to be made of such records of
               FairMarket in order to verify statements issued by FairMarket and
               FairMarket's compliance with the terms of this Agreement. Any
               such audit shall be conducted by an independent certified public
               accountant selected by Microsoft (other than on a contingent fee
               basis) and reasonably acceptable to FairMarket. Any audit and/or
               inspection shall be conducted during regular business hours at
               FairMarket's facilities upon at least thirty (30) days prior
               written notice. Such audits shall be made no more often than once
               every twelve (12) months.

         5.9 COSTS. Except as expressly provided herein, all costs incurred by
         any party in fulfilling any of its obligations under this Agreement
         shall be borne by that party, without reimbursement from the other
         party.

6.       REPRESENTATIONS AND WARRANTIES; LIMITATIONS

         6.1 BOTH PARTIES. Each party hereby represents and warrants as follows:

                                       14
<PAGE>   15

               (a) Such party is duly organized and validly existing under the
               laws of the state of its incorporation and has full corporate
               power and authority to enter into this Agreement and to carry out
               the provisions hereof.

               (b) Such party is duly authorized to execute and deliver this
               Agreement and to perform its obligations hereunder.

               (c) This Agreement is a legal and valid obligation binding upon
               it and enforceable against it in accordance with its terms.

         6.2 MICROSOFT. Microsoft further represents and warrants that all
         materials provided by Microsoft for use on and in connection with the
         Private Label Auction Sites do not and will not infringe the
         intellectual property right of any third party, or otherwise violate
         any third party's personal or proprietary rights.

          6.3 FAIRMARKET. FairMarket further represents and warrants that:

               (a) FairMarket shall use commercially reasonable efforts to
               ensure that the Private Label Auction Sites and all listings,
               content and/or material contained therein provided by FairMarket
               are and at all times will be of a high quality and nature, and
               that the Private Label Auction Sites and all content and/or
               material contained therein provided by FairMarket will be
               accurate and reliable.

               (b) FairMarket will keep the Private Label Auction Sites
               operational in accordance with the Private Label Auction Sites
               Performance Standards set forth in Exhibit C.

               (c) FairMarket shall use commercially reasonable efforts to
               ensure that the Private Label Auction Sites and all listings,
               content and/or material contained therein provided by FairMarket
               are and will be non-defamatory. The Private Label Auction Sites
               and all information and content contained therein provided by
               FairMarket do not and will not infringe the intellectual property
               rights of any third party, or otherwise violate any third party's
               proprietary rights.

               (d) FairMarket owns or controls all rights to the Private Label
               Auction Sites and use of the Private Label Auction Sites by
               Microsoft shall not infringe the intellectual property right of
               any person.

               (e) FairMarket will not use the Microsoft Marks except as
               provided in this Agreement.

               (f) No other person has or will have any right, title or interest
               in or to all or any portion of the Private Label Auction Sites
               and all information and content contained therein which would in
               any way curtail, impair, diminish or derogate from any of the
               rights granted to Microsoft herein, and FairMarket has not
               heretofore done or permitted to be done and will not hereafter do
               or authorize or permit to be done any act or thing which is
               inconsistent with or curtails, impairs, diminishes, or derogates
               from any right herein granted to Microsoft.

               (g) The Private Label Auction Sites and all listings, content
               and/or material contained therein provided by FairMarket are not
               and shall not be during the Term in violation of any statutes or
               regulations including without limitation any statutes or
               regulations relating to auction services.

               (h) All customer technical and/or support services to be provided
               hereunder shall be provided in a professional manner and in
               accordance with all applicable industry standards for such
               services.

               (i) The Private Label Auction Sites will accurately manipulate,
               process, compare, display and calculate date or time data from,
               into and between the twentieth and twenty-first centuries,

                                       15
<PAGE>   16

               including leap years, and shall not be interrupted or adversely
               affected by the manipulation, processing, comparison, display or
               calculation of dates from, into and between the twentieth and
               twenty-first centuries, including leap years.

         6.4 INSURANCE COVERAGE. Effective no later than the Effective Date and
         throughout the Term, FairMarket shall procure and maintain the
         following insurance coverage. Such insurance shall be in a form and
         with insurers reasonably acceptable to Microsoft, and shall comply with
         the following minimum requirements:

               (A) COMMERCIAL GENERAL LIABILITY Insurance of the Occurrence Form
               with policy limits of not less than Five Million Dollars
               (US$5,000,000) combined single limit each occurrence for Bodily
               Injury and Property Damage combined, and Five Million Dollars
               (US$5,000,000) Personal and Advertising Injury Limit; and

               (B) ERRORS & OMISSIONS LIABILITY / PROFESSIONAL LIABILITY
               Insurance with policy limits of not less than Five Million
               Dollars (US$5,000,000) each claim with a deductible of not more
               than Twenty-Five Thousand Dollars (US$25,000.00). Such insurance
               shall include coverage for infringement of proprietary rights of
               any third party, including without limitation copyright and
               trademark infringement as related to FairMarket's performance
               under this Agreement. Throughout the term of the Agreement, the
               Errors & Omissions Liability / Professional Liability Insurance
               retroactive coverage date will be no later than the Effective
               Date of this Agreement. Upon expiration or termination of this
               Agreement, FairMarket will maintain an extended reporting period
               providing that the claims first made and reported to the
               insurance company within one year after the end of this Agreement
               will be deemed to have been made during the policy period.

               (C) EVIDENCE; CANCELLATION. Promptly upon execution of this
               Agreement, FairMarket shall provide to Microsoft proof evidencing
               full compliance with the insurance requirements set forth in this
               Section 6.4. FairMarket shall notify Microsoft in writing at
               least thirty (30) days in advance if FairMarket's insurance
               coverage is to be canceled or materially altered so as to not
               comply with the requirements of this Section.

         6.5 FairMarket shall be solely responsible for the relationships with
         third parties who purchase listings, advertising or other services from
         FairMarket, and all other third parties who purchase advertising or
         listing-related promotions from FairMarket, including, without
         limitation, listing production, ad and promotion production, placement,
         management, billing, collections and accounting.

         6.6 LIMITATION. EXCEPT AS SPECIFICALLY PROVIDED IN THIS SECTION 6, ALL
         PRODUCTS OR SERVICES DELIVERED UNDER THE TERMS OF THIS AGREEMENT SHALL
         BE SUBJECT TO THE TERMS OF THE LIMITED WARRANTY STATEMENT, IF ANY,
         SPECIFIED BY THE DELIVERING PARTY FOR THE SPECIFIC PRODUCT OR SERVICE.
         CERTAIN SOFTWARE PRODUCTS MAY BE PROVIDED TO THE OTHER PARTY "AS IS"
         WITHOUT WARRANTY OR CONDITION OF ANY KIND, IF SO DESIGNATED BY THE
         LICENSOR. FOR SUCH PRODUCTS, THE ENTIRE RISK AS TO THE RESULTS AND
         PERFORMANCE OF SUCH SOFTWARE IS ASSUMED BY THE RECEIVING PARTY AND ITS
         CUSTOMERS AND SUBLICENSEES, IF ANY. THE WARRANTIES SET FORTH IN
         SECTIONS 6.1, 6.2, 6.3 AND THIS SECTION 6.6 ARE THE ONLY WARRANTIES
         MADE BY THE PARTIES. EACH PARTY DISCLAIMS ANY AND ALL OTHER WARRANTIES
         OR REPRESENTATION EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO,
         THE IMPLIED WARRANTIES OF MERCHANTABILITY, TITLE, AND FITNESS FOR A
         PARTICULAR PURPOSE. NO PARTY WARRANTS THAT ACCESS TO OR USE OF THE
         MICROSOFT SITES OR PRIVATE LABEL AUCTION SITES WILL BE UNINTERRUPTED OR
         ERROR-FREE, OR THAT ANY SOFTWARE OR SERVICES WILL MEET ANY PARTICULAR
         CRITERIA OF PERFORMANCE OR QUALITY. WITHOUT LIMITING THE GENERALITY OF
         THE FOREGOING, FAIRMARKET EXPRESSLY ACKNOWLEDGES AND AGREES THAT,
         EXCEPT AS EXPRESSLY PROVIDED HEREIN, MICROSOFT HAS NOT MADE ANY EXPRESS
         OR IMPLIED

                                       16
<PAGE>   17

          REPRESENTATIONS, ASSURANCES AND/OR WARRANTIES REGARDING THE NUMBER OF
          VISITS THAT MAY BE GENERATED UNDER THIS AGREEMENT AND THAT FAIRMARKET
          HAS NOT RELIED ON ANY STATEMENTS BY MICROSOFT OR ANY THIRD PARTIES IN
          RELATION THERETO IN ENTERING INTO THIS AGREEMENT.

7.       MICROSOFT MARKS

The parties agree that the branding of the Private Label Auction Sites shall be
done according to the Specifications as set forth in Exhibit A. Microsoft hereby
grants to FairMarket a worldwide, nonexclusive, non-assignable, nontransferable,
royalty-free, right to use the MSN Logo (and, at Microsoft's discretion, other
Microsoft Marks) solely in conjunction with the Private Label Auction Sites in
the manner described herein or as otherwise specified by Microsoft to FairMarket
from time to time in connection with FairMarket's sales, marketing and
promotional activities of the Private Label Auction Sites. Notwithstanding the
provisions of this Section 7, FairMarket agrees that it shall not pursuant to
this Agreement or otherwise acquire any ownership of Microsoft Marks or of any
Microsoft content provided to FairMarket for inclusion in the Private Label
Auction Sites, and that all use of the Microsoft marks will inure to the benefit
of Microsoft. All rights not expressly granted herein are reserved by Microsoft.

8.       CONFIDENTIALITY

Microsoft and FairMarket agree that the terms of the Microsoft Standard
Reciprocal Non-Disclosure Agreement ("NDA") dated July 26, 1999 shall be deemed
incorporated herein, and further, that all terms and conditions of this
Agreement shall be deemed Confidential Information as defined in such NDA.

9.       NON-EXCLUSIVITY; PRESS RELEASES

         9.1 Except as specifically stated herein, nothing in this Agreement
         will be construed as restricting any party's ability to acquire,
         license, develop, manufacture or distribute for itself, or have others
         acquire, license, develop, manufacture or distribute for itself,
         content, software, news, sites, search services, search results or the
         like, which is the same or similar to that contemplated by this
         Agreement, or to market, promote and distribute same in addition to
         that contemplated by this Agreement.

         9.2 No party will issue any press release or make any public
         announcement(s) relating in any way whatsoever to this Agreement or the
         relationship established by this Agreement without the express prior
         written consent of the other party, which consent shall not be
         unreasonably withheld. However, the parties acknowledge that this
         Agreement, or portions thereof, may be required under applicable law to
         be disclosed, as part of or an exhibit to a party's required public
         disclosure documents. If any party is advised by its legal counsel that
         such disclosure is required, it will notify the other in writing and
         the parties will jointly seek confidential treatment of this Agreement
         to the maximum extent reasonably possible, in documents approved by
         both parties and filed with the applicable governmental or regulatory
         authorities. Notwithstanding the foregoing, the parties will cooperate
         to prepare a mutually agreed press release announcing the relationship,
         but not the financial details, to be released prior to the Commercial
         Release Date.

10.      INDEMNIFICATION

         10.1     OBLIGATION TO INDEMNIFY.

                  (A) BY EITHER PARTY. A party (the "Indemnifying Party") shall,
                  at its expense and the request of any other party (the
                  "Indemnified Party"), defend and pay any damages arising out
                  of or in connection with any third-party claim or action
                  brought against the Indemnified Party, and its successors,
                  affiliates, directors, officers, employees, licensees, agents
                  and independent contractors, to the extent it is based upon a
                  claim that, if true, would constitute a breach of a warranty,
                  representation or covenant of the Indemnifying Party set forth
                  in this Agreement.

                                       17
<PAGE>   18
                  (B) BY FAIRMARKET. Provided that notice has been given as set
                  forth in Section 14, FairMarket shall, at its expense and the
                  request of Microsoft, defend and pay any damages arising out
                  of or in connection with any third party claim or action
                  brought against Microsoft, and its successors, affiliates,
                  directors, officers, employees, licensees, agents and
                  independent contractors, relating to the Private Label Auction
                  Sites and other services to be provided by FairMarket under
                  this Agreement, including without limitation, any claim
                  brought by an End User, Seller or Buyer (except in each case
                  for claims covered by Section 10.1(c)).

                  (C) BY MICROSOFT. Provided that notice has been given as set
                  forth in Section 14, Microsoft shall, at its expense and the
                  request of FairMarket, defend and pay any damages arising out
                  of or in connection with any third party claim or action
                  brought against FairMarket, and its successors, affiliates,
                  directors, officers, employees, licensees, agents and
                  independent contractors, relating to the use of End User
                  information by Microsoft.

         10.2 INDEMNIFICATION PROCESS. If any action shall be brought against
         either party (the "Claimant") in respect to which indemnity may be
         sought from the other party (the "Indemnifying Party") pursuant to the
         provisions of this Section 10, the Claimant shall promptly notify the
         Indemnifying Party in writing, specifying the nature of the action and
         the total monetary amount sought or other such relief as is sought
         therein. The Claimant shall cooperate with the Indemnifying Party at
         the Indemnifying Party's expense in all reasonable respects in
         connection with the defense of any such action. The Indemnifying Party
         may upon written notice to Claimant undertake to conduct all
         proceedings or negotiations in connection therewith, assume the defense
         thereof, and if it so undertakes, it shall also undertake all other
         required steps or proceedings to settle or defend any such action,
         including the employment of counsel, and payment of all expenses.
         Claimant shall have the right to employ separate counsel and
         participate in the defense at its own expense; provided that the
         Indemnifying Party shall control the defense. In the event that the
         parties materially disagree on any aspect of the defense, then the
         Claimant may elect to pursue its own defense and the Indemnifying
         Party's indemnification obligation shall cease. The Indemnifying Party
         shall reimburse Claimant upon demand for any payments made or loss
         suffered by it in connection with an indemnifiable matter at any time
         after the date of written notice of such claim, based upon the judgment
         of any court of competent jurisdiction or pursuant to a bona fide
         compromise or settlement, approved in writing by the Indemnifying Party
         (which approval shall not be unreasonably withheld, delayed or
         conditioned), of claims, demands, or actions, in respect of any damages
         to which the foregoing relates.

         10.3 ADDITIONAL ACTIONS. In addition to the indemnification obligations
         set forth in this Section 10, following notice of a claim that the
         Private Label Auction Sites or any listing, content and/or material
         provided by FairMarket contained therein infringe the intellectual
         property or other right of any third party, FairMarket shall at its
         expense procure the right to continue to use the Private Label Auction
         Sites and all content and/or material contained therein provided by
         FairMarket, or replace or modify the Private Label Auction Sites and/or
         any content and/or material contained therein provided by FairMarket,
         as applicable, to make them non-infringing. If FairMarket elects to
         replace or modify the Private Label Auction Sites and/or any content
         and/or material contained therein, such replacement(s) shall meet
         substantially the quality and content of the materials being replaced.
         If neither of the foregoing options are reasonably available to
         FairMarket and the Private Label Auction Sites cannot reasonably be
         maintained to Microsoft's satisfaction without such content and/or
         material, then Microsoft shall have the right to terminate this
         Agreement; provided, however, that FairMarket's failure to take
         corrective action in accordance with this Section shall nevertheless be
         considered a material breach and Microsoft shall have all rights and
         remedies provided by law or this Agreement.

11.      LIMITATION OF LIABILITIES

NO PARTY SHALL BE LIABLE TO THE OTHER FOR ANY INDIRECT, INCIDENTAL,
CONSEQUENTIAL, PUNITIVE OR SPECIAL DAMAGES, ARISING OUT OF OR RELATED TO THIS
AGREEMENT INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF BUSINESS PROFITS,
BUSINESS

                                       18
<PAGE>   19
INTERRUPTION, LOSS OF BUSINESS INFORMATION, AND THE LIKE, EVEN IF SUCH PARTY
HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THIS SECTION SHALL NOT
APPLY TO ANY PARTY'S (A) ABILITY TO OBTAIN INJUNCTIVE OR OTHER EQUITABLE RELIEF;
(B) OBLIGATIONS UNDER SECTION 8 OR THE NDA; AND (C) INDEMNIFICATION OBLIGATIONS
AS TO THIRD PARTY CLAIMS ASSESSED AGAINST THE INDEMNIFIED PARTY IN CONNECTION
WITH INDEMNIFIED CLAIMS UNDER SECTION 10.

12.      TERM AND TERMINATION

         12.1 TERM. This Agreement will take effect on the Effective Date and
         will continue until the fifth anniversary of the Commercial Release
         Date (the "Fifth Anniversary"). Microsoft shall have the right to
         extend this Agreement after the Fifth Anniversary for an additional
         five-year period (the "Renewal Term"), by providing FairMarket with
         notice in writing of its intent to renew no later than 120 days prior
         to the Fifth Anniversary. In the Renewal Term, if any, Microsoft hereby
         waives FairMarket's minimum revenue guarantees, and FairMarket hereby
         waives Microsoft's user traffic guarantees. Both parties agree to
         evaluate the financial implications of this Agreement prior to the
         beginning of the Renewal Term and adjust the financial terms of the
         renewed agreement if necessary and mutually agreed upon. If the parties
         are unable to mutually agree on any adjustments to the financial terms,
         they shall renew as set forth in this Agreement, except that any
         renewal of this Agreement shall include Most Favored Nation pricing
         from FairMarket to Microsoft and FairMarket agrees that the Microsoft
         revenue share for any Renewal Term shall not be less than fifty percent
         (50%) of FairMarket's Listing, Transaction and other directly
         attributable FairMarket-related Revenue unless otherwise mutually
         agreed in writing by both parties. For purposes of this Section 12.1,
         "Most Favored Nation" pricing means revenue sharing on terms no less
         favorable to Microsoft than those granted by FairMarket to other
         FairMarket Network members for a comparable service.

         12.2 TERMINATION FOR CAUSE. This Agreement may be terminated by either
         party prior to its natural expiration if any of the following events
         occurs:

                  (a) the other party fails to perform or comply with its
                  material obligations under this Agreement or any provision
                  hereof, including failure to pay any amount(s) due hereunder;

                  (b) the other party becomes insolvent or admits in writing its
                  inability to pay its debts as they mature, or makes an
                  assignment for the benefit of creditors; or

                  (c) a petition under any bankruptcy act, receivership statute,
                  or the like, as they now exist, or as they may be amended, is
                  filed by the other party; or if such a petition is filed by
                  any third party, or an application for a receiver of the other
                  party is made by anyone and such petition or application is
                  not resolved favorably to such party within sixty (60) days;
                  or

                  (d) upon the circumstances described in Section 10.3 above (in
                  which case Microsoft shall be the non-defaulting party for
                  purposes of this Section 12); or

                  (e) either party is in material breach of Section 8.

         12.3 EFFECT OF TERMINATION. Termination under Section 12.2(a) above
         shall be effective thirty (30) days after written notice of termination
         given by the non-defaulting party to the defaulting party, unless the
         defaulting party's defaults have been cured within such thirty (30) day
         period, in which case termination shall not occur. Termination under
         Sections 12.2(b), 12.2(c), 12.2(d) and 12.2(e) above shall be effective
         upon written notice, provided, however, that the defaulting party has
         not cured any default within the thirty (30) day cure period. The
         rights and remedies provided in this Section shall not be exclusive and
         are in addition to any other rights and remedies provided at law, in
         equity or under this Agreement. In the event that a non-defaulting
         party in its discretion elects not to terminate this Agreement, such
         election shall not constitute a waiver of any and all claims of that
         party for such default(s). Further, the non-defaulting party

                                       19
<PAGE>   20
         may elect to leave this Agreement in full force and effect and to
         institute legal action against the defaulting party for specific
         performance and/or damages suffered by such party as a result of the
         default(s).

         12.4 TERMINATION WITHOUT CAUSE BY MICROSOFT. Microsoft shall have the
         right to terminate this Agreement without cause at any time during the
         forty-five (45) day period immediately following the Effective Date.
         Such termination shall be effective immediately upon notice by
         Microsoft to FairMarket. In no event shall either party be liable for
         any damages or compensation of any kind related to or arising out of
         Microsoft's exercise of its termination right under this Section 12.4.

         12.5 RIGHTS AND OBLIGATIONS UPON TERMINATION OR EXPIRATION. Promptly
         upon termination or expiration of this Agreement:

               (a) Each party shall, at the other party's direction, return or
               certify destruction of Confidential Information of such other
               party.

               (b) FairMarket shall stop making available to End Users or any
               other party the Private Label Auction Sites; provided that, if
               not otherwise prohibited under this Agreement or by law or order
               of a competent authority, the Private Label Auction Sites shall
               remain available as long as is necessary, as reasonably
               determined by Microsoft, to comply with any third party
               obligations.

               (c) FairMarket shall immediately cease and desist from all use of
               the Microsoft Marks.

               (d) Both parties shall cease advertising, marketing and promoting
               the Private Label Auction Sites.

               (e) Both parties shall cease selling and soliciting any
               advertising and listings for the Private Label Auction Sites.

               (f) Within thirty (30) days immediately following termination
               FairMarket shall provide Microsoft a complete report of all End
               User Data in its possession.

               (g) Each party shall provide reasonable assistance to the other
               for such reasonable time and upon such terms and conditions as
               shall be mutually agreed upon in order to assure an orderly
               transition and wind down in such a manner as shall minimize
               disruption to the users. The goal of the parties is to ensure a
               smooth and seamless transition for the user to maintain a high
               level of customer satisfaction.

          12.6 SURVIVAL. Sections 4.2 (with respect to Microsoft's ownership
          rights), 5.1 through 5.7 (with respect to any payments due and owing
          as of the date of termination or expiration), 5.8, 6, 8, 10, 11, 12,
          14 and 15 shall survive termination or expiration of this Agreement.

          12.7 No party shall be liable to the other for damages of any sort
          resulting solely from terminating this Agreement in accordance with
          its terms.

13. INTERNATIONAL WORKSCOPE. Microsoft and FairMarket each agree to explore
expanding the Territory to include international sites (the "International
Sites"). If mutually agreed by both parties, International Sites may be added as
additional sites included in Section 2.4 of this Agreement and such
International Sites shall be covered under the terms of this Agreement, amended
as necessary and mutually agreed in writing.

14. NOTICES. All notices, authorizations, and requests required or desired to be
given or made in connection with this Agreement will be in writing, given by
certified or registered mail (return receipt requested), express air courier
(charges prepaid) or facsimile, and addressed as follows (or to such other
address as the party to receive the notice or request so designates by notice to
the other):

                                       20

<PAGE>   21

Notices to Microsoft:                           Notices to FairMarket:

Microsoft Corporation                           FairMarket, Inc.
One Microsoft Way                               400 Unicorn Park Drive
Redmond, WA  98052-6399                         Woburn, MA  01801
Attn.: Matt Kursch, General Manager, MSN        Attn.:   Scott Randall
Fax:   (425) 936-7329                           Fax:   (781) 935-7976

Copy to: Law & Corporate Affairs                Copy to:  Goodwin Procter & Hoar
Fax:  (425) 936-7329                            Attn: David F. Dietz, P.C.
                                                Fax:  (617)  523-1231

If a notice is given by either party by certified or registered mail, it will be
deemed received by the other party on the third business day following the date
on which it is deposited for mailing. If a notice is given by either party by
air express courier, it will be deemed received by the other party on the next
business day following the date on which it is provided to the air express
courier. If a notice is given by facsimile, it will be deemed received by the
other party upon confirmation of receipt.

15.      GENERAL

         15.1 GOVERNING LAW/JURISDICTION. This Agreement shall be construed in
accordance with the laws of the State of Washington, USA, without regard for its
conflict of laws rules.

         15.2 ATTORNEYS' FEES. In any action or suit to enforce any right or
remedy arising out of or relating to this Agreement or to interpret any
provision of this Agreement, the prevailing party shall be entitled to recover
its reasonable attorneys' fees, costs and other expenses.

         15.3 ENTIRE AGREEMENT/WAIVER. This Agreement constitutes the entire
agreement between the parties with respect to the subject matter hereof and
supersedes all prior and contemporaneous agreements or communications. This
Agreement shall not be effective until signed by both parties. This Agreement
shall not be modified except by a written agreement dated subsequent to the date
of this Agreement and signed on behalf of FairMarket and Microsoft by their
respective duly authorized representatives. No waiver of any breach of any
provision of this Agreement shall constitute a waiver of any prior, concurrent
or subsequent breach of the same or any other provisions hereof, and no waiver
shall be effective unless made in writing and signed by an authorized
representative of the waiving party.

         15.4 ASSIGNMENT. Neither party may assign this Agreement, or any
portion thereof (whether by merger, operation of law, sale of assets,
reorganization or otherwise), without the written consent of the other. Any
attempted assignment, sublicense, transfer, encumbrance or other disposal
without such consent shall be void and shall constitute a material default and
breach of this Agreement. Except as otherwise provided, this Agreement shall be
binding upon and inure to the benefit of the parties' successors and lawful
assigns.

         15.5 SEVERABILITY. In the event that any provision of this Agreement
conflicts with governing law or if any provision is held to be null, void or
otherwise ineffective or invalid by a court of competent jurisdiction, (i) such
provision shall be deemed to be restated to reflect as nearly as possible the
original intentions of the parties in accordance with applicable law, and (ii)
the remaining terms, provisions, covenants and restrictions of this Agreement
shall remain in full force and effect. This Agreement has been negotiated by the
parties and their respective counsel and will be interpreted fairly in
accordance with its terms and without any strict construction in favor of or
against either party.

         15.6 NO JOINT VENTURE. Neither this Agreement, nor any terms and
conditions contained herein, shall be construed as creating a partnership, joint
venture, employer-employee relationship, agency relationship or as granting a
franchise.

                                       21
<PAGE>   22

         15.7 SECTION HEADINGS. The section headings used in this Agreement are
intended for convenience only and shall not be deemed to affect in any manner
the meaning or intent of this Agreement or any provision hereof.

         15.8 FORCE MAJEURE. The parties agree that neither of them shall have
any liability hereunder with respect to any failure of performance due
principally to the elements, acts of God, armed hostilities, failure of
communications, transportation or other critical systems, or other causes beyond
the reasonable control of such party.

     In Witness Whereof, the parties have entered into this Agreement as of the
Effective Date written above.

MICROSOFT CORPORATION                          FAIRMARKET, INC.
("MICROSOFT")                                  ("FAIRMARKET")

By   /s/ Brad Chase                            By   /s/ Scott Randall
   ________________________________               _____________________________

Name   Brad Chase                             Name   Scott Randall
      _____________________________                  __________________________

Title                                         Title     CEO
      _____________________________                   __________________________

Date    7/29/99                                 Date   7/29/99
      _____________________________                  __________________________

                                       22<PAGE>   1
                                                                   EXHIBIT 10.15

                                                                   CONFIDENTIAL

                           AUCTION SERVICES AGREEMENT

This agreement ("Agreement") is entered into as of August 23, 1999 ("Effective
Date"), by and between Excite, Inc., a wholly owned subsidiary of At Home
Corporation, a Delaware corporation located at 555 Broadway, Redwood City, CA
94063 ("Excite") and FairMarket, Inc., a Delaware corporation located at 400
Unicorn Park Drive, Woburn, Massachusetts 01801, CA 94063 ("FairMarket" or
"Auction Services Provider").

                                    RECITALS

A.     Excite maintains sites on the Internet at http://www.excite.com (the
       "Excite Site"), at http://www.classifieds2000.com (the "Classifieds2000
       Site") and at http://www.webcrawler.com (the "Webcrawler Site"), and owns
       and/or manages related Web sites worldwide which, among other things,
       allow its users to search for and access content and other sites on the
       Internet. "Excite Network" shall mean the following narrowband web sites
       owned and/or operated by Excite (including any narrowband versions or
       upgrades thereof): Excite Site, Webcrawler Site and Classifieds2000 Site,
       but shall not include Excite's business portal located at www.work.com
       (including any versions, upgrades, successors or replacements thereof) or
       any broadband site.

B.     Auction Services Provider owns and operates a back-end auction service
       ("FairMarket Auction Service(s)"), which it provides to third party
       internet sites. FairMarket also owns or manages a related site on the
       internet at http://www.fairmarket.com ("FairMarket Site" or "Auction
       Services Provider Site"). "FairMarket Network" shall mean the network of
       sites of FairMarket customers for whom FairMarket hosts private label
       auction services similar to the private label auction services as defined
       herein.

C.     Excite and Auction Services Provider wish to develop a co-branded version
       of the FairMarket Auction Services, which will be developed and
       maintained by Auction Services Provider on an integrated basis with the
       Excite Network ("Co-Branded Site").

1.       CO-BRANDED SERVICE

       a)     FairMarket will develop, host, and maintain, at its expense, the
              Co-Branded Site in accordance with the specifications defined in
              Exhibit A.

       b)     FairMarket will be responsible for all system operation software
              costs, hardware costs and operation costs incurred in connection
              with the development and operation of the Co-Branded Site. The
              Co-Branded Site shall utilize the functional specifications
              described in FairMarket's "Community AuctionPlace Features,
              version 4.0 ", which is attached hereto as Exhibit E, and as may
              be changed from time to time. The Co-Branded Site shall be
              developed and maintained at no additional charge to Excite.

       c)     FairMarket and Excite will work together to develop and launch the
              Co-Branded Site in accordance with the development schedule
              detailed in Exhibit B.

       d)     Excite will display links to the Co-Branded Site in a variety of
              locations across the Excite Network. At a minimum, Excite will
              provide links from the Excite.com homepage and the toolbar of the
              Excite Classifieds service. If for any reason Excite determines
              that such links are no longer in its best interests, Excite may
              remove the links so long as Excite provides links to the
              Co-Branded Site, from the Excite Network or from other site(s)
              controlled by Excite, which afford the Co-Branded Service a level
              of promotion similar to or greater than that provided by the
              original links. In addition, Excite may display links from home
              pages, links from shopping pages, inclusion in emails, links from
              search results pages, links from category pages, and links from
              other contextually relevant pages within the Excite Network to
              relevant areas within the Co-Branded Site. Excite will have sole
              discretion and control over the placement and positioning of such
              links.

                          Excite - FairMarket Agreement
                                     Page 1
<PAGE>   2
                                                                    CONFIDENTIAL

       e)     Excite will have sole control over the "look and feel" of the
              Excite Network. Excite will have sole responsibility for providing
              and maintaining, at its expense, the Excite Network and any
              hardware or labor or software (including updates thereto)
              reasonably necessary to maintain the Excite Network as described
              herein.

2.       ADVERTISING ON THE CO-BRANDED SITE

       a)     Excite will sell and serve (when available) all advertising on the
              Co-Branded Site, including, but not limited to banner advertising
              and Excite sponsorship module advertising. Excite will have the
              right to sell and serve such advertising on all pages within the
              Co-Branded Site. FairMarket will work with Excite, and accommodate
              Excite's technical requirements, to serve dynamic targeted banners
              and sponsorship placements, and create and target additional
              advertising positions within the Co-Branded Site.

       b)     Excite will pay FairMarket, on a quarterly basis, twenty per cent
              (20%) of "Net Advertising Revenue" (gross advertising revenue less
              sales costs not to exceed fifteen per cent (15%)) collected from
              such advertising.

       c)     Excite will not sell advertising on the Co-Branded Site to
              FairMarket Named Competitors. "FairMarket Named Competitors" shall
              include eBay and Amazon Auctions. FairMarket may add to or replace
              company names on the list of FairMarket Named Competitors under
              the following conditions: (i) Excite must approve any such change,
              such approval not to be unreasonably withheld, (ii) the total
              number of FairMarket Named Competitors does not exceed five
              companies, (iii) the list may not be changed more than once per
              calendar quarter and (iv) no company may be added to the list with
              which Excite has a material existing advertising relationship at
              the time of such intended addition.

       d)     As soon as reasonably possible, FairMarket will work with Excite
              to enable the promotion of Excite's preferred financial services
              provider on the Co-Branded Site. To the extent that the Co-Branded
              Site offers buyer registration forms and/or credit card processing
              service(s), such services will present Excite's preferred
              financial services provider as the default credit card provider,
              and in any event more prominently than it presents the names or
              logos of any competing companies including, but not limited to,
              credit card companies.

3.       TRANSACTION REVENUE

       a)     "Seller(s)" shall mean a user who lists product(s) or service(s)
              for sale on the FairMarket Network.

       b)     "Buyer(s)" shall mean a user who successfully bids for product(s)
              or service(s) on the FairMarket Network.

       c)     "Transaction Fees" shall mean any fee charged to Sellers or Buyers
              that become payable upon the consummation of a sale of a product
              or service through the FairMarket Network.

       d)     "Listing Fees" shall mean any fee charged to a Seller for placing
              any listing of products or services on the Co-Branded Site.

       e)     "Gross Transaction Revenue" shall mean one hundred per cent (100%)
              of Listing Fees charged to Sellers on the Co-Branded Site, plus
              fifty per cent (50%) of all Transaction Fees (using the Co-Branded
              Site's then-current transaction fee schedule) resulting from
              transactions in which the Buyer used the Co-Branded Site
              (regardless of whether the Seller uses the Co-Branded Site or
              another site within the FairMarket Network), plus fifty per cent
              (50%) of all Transaction Fees resulting from transactions in which
              a Seller used the Co-Branded Site (regardless of whether the Buyer
              uses the Co-Branded Site or another site within the FairMarket
              Network).

                          Excite - FairMarket Agreement
                                     Page 2
<PAGE>   3
                                                                    CONFIDENTIAL

       f)     "Net Transaction Revenue" shall mean actual Gross Transaction
              Revenue less returns or similar credits and credit card and other
              processing costs (collectively not to exceed 2.5% of Gross
              Transaction Revenue).

       g)     "Shared Transaction Revenue" shall mean fifty five per cent (55%)
              of Net Transaction Revenue.

       h)     FairMarket shall determine the amount, if any, of Transaction Fees
              and Listing Fees for the Co-Branded Site. FairMarket will take
              into consideration current industry pricing and the competitive
              environment when setting pricing, and will establish pricing
              comparable to that charged by leading independent auction sites
              and other leading portals. Unless expressly requested or
              authorized by Excite, under no circumstances will the Transaction
              Fees or Listing Fees on the Co-Branded Site be higher in aggregate
              than those on any of FairMarket's other similar co-branded auction
              services. Unless expressly requested and authorized by Excite,
              under no circumstances after the initial launch period (not to
              exceed three (3) months following the Effective Date) will the
              Transaction Fees or Listing Fees on the Co-Branded Site be zero.

       i)     Subject to the minimum revenue guarantee described in Section 3.j.
              below, FairMarket will pay Excite, on a quarterly basis, the
              Shared Transaction Revenue within thirty (30) days following the
              end of each quarter.

       j)     For contract years in which total Excite-initiated "User Visits"
              (the number of sessions in the Co-Branded Site that were initiated
              via links or banners on the Excite Network, as well as visits
              initiated directly via a URL) exceeds the "Minimum Guaranteed
              Visit" numbers below, FairMarket will pay Excite the greater of:
              (i) Shared Transaction Revenue or (ii) the Minimum Revenue
              Guarantee (defined below).

<TABLE>
<CAPTION>
  Contract Year        Minimum Revenue Guarantee     Minimum Guaranteed Visits
<S>                    <C>                           <C>
     Year 1                   $0.8 Million              27 Million Visits

     Year 2                   $2.1 Million              42 Million Visits

     Year 3                   $4.6 Million              55 Million Visits

     Year 4                   $7.0 Million              75 Million Visits

     Year 5                   $8.4 Million              90 Million Visits
</TABLE>

       k)     FairMarket agrees to remit to Excite any balance due on the
              Minimum Revenue Guarantee no later than 90 days following the end
              of each contract year. Minimum Guarantees are viewed on a contract
              year annual basis and not on a cumulative basis; for example, any
              Minimum Revenue Guarantee that FairMarket paid to Excite in a
              given year would never be paid back by Excite in future years,
              even if FairMarket exceeded minimum payments in future years.

4.       ADVERTISING ON THE EXCITE NETWORK

       a)     For a two-year period beginning on the Effective Date, Excite will
              provide FairMarket with advertising services as defined in Exhibit
              D and subject to the standard Terms and Conditions as described
              therein.

       b)     In exchange for advertising services described in 4.a), FairMarket
              will pay Excite $2.5 million per quarter, for a total of $20
              million over eight quarters. Excite will invoice FairMarket for
              actual advertising services delivered at the end of each calendar
              quarter. The parties expect that the delivery of such advertising
              and resulting Excite recognition of accrual of advertising revenue
              will begin at approximately the same time as the launch of the
              Co-Branded Site,

                          Excite - FairMarket Agreement
                                     Page 3
<PAGE>   4
                                                                    CONFIDENTIAL

              which is expected to be early in Q4 1999. All such fees will be
              due within thirty days of invoice.

       c)     The parties expect that changes to the agreed-upon advertising
              placements may be desirable at various points during the two-year
              term of this advertising commitment. In the event that one or more
              of the defined placements or services does not perform to
              FairMarket's satisfaction or is no longer available on the Excite
              Network, the parties will work together in good faith to replace
              the insertion order describing such placement or service with an
              insertion order describing a new placement or service of similar
              value. FairMarket will be not be charged any penalty fees for such
              changes. The parties will not make such changes more than once per
              calendar quarter.

       d)     All banner, sponsorship and/or other promotional advertising will
              refer to "Excite Auctions" and will be directed to click through
              to the Co-Branded Site.

       e)     FairMarket will develop at its expense the creative to be used in
              banner and sponsorship placement advertising. All such creative
              will be utilized subject to Excite's approval, such approval not
              to be unreasonably withheld.

5.       PREFERRED PARTNER PROMOTION

       a)     During the Term (as defined in Section 6(a)), subject to the
              exclusions listed in Section 5.b), 5.c) and 5.d) below, Excite
              will not form a relationship with any third party company, other
              than FairMarket, to provide private label or co-branded services
              of the following types for the Excite Network sites: (i)
              person-to-person Auction Services, (ii) merchant-to-person Auction
              Services, or (iii) Classified Advertising Services for the
              Auction-related Classified Categories.

       b)     Excite retains the option to enter into one or more relationships
              with third parties to provide the following services, which may be
              co-branded or private label auction services: (i) reverse
              auctions, (ii) Auction Services involving rare and authenticated
              goods and (iii) merchant-to-person and person-to-person auction
              services for its broadband service(s). In such cases, Excite will
              discuss its functionality needs with FairMarket to determine if
              comparable functionality will be available from FairMarket within
              the time frame required by Excite. If FairMarket develops
              comparable functionality within such time frame, Excite will
              consider the FairMarket offering, but is free to select either
              FairMarket or a third party, although Excite agrees to view
              FairMarket as the "incumbent" in such circumstances.

       c)     In the event that Excite wishes to offer its users co-branded
              person-to-person or co-branded merchant-to-person auction services
              or functionality, which are not provided by the Co-Branded Site,
              Excite will notify FairMarket of its intention to provide such
              services. If FairMarket is unable to provide such services within
              ninety (90) days, Excite may, in its sole discretion, form one or
              more relationships with any third parties for the provision of
              such services.

       d)     The parties acknowledge that Excite has and will form
              relationships with third parties for the provision of private
              label or co-branded services not primarily focused on
              person-to-person or merchant-to-consumer auctions. In some cases,
              such private label or co-branded service(s) may include a
              person-to-person or merchant-to-consumer auction component related
              to the specific service or category offered. Such relationships
              are not focused on person-to-person or merchant-to-person auctions
              and therefore will be excluded from the restriction described in
              Section 5.a.

       e)     FairMarket shall promote Excite's participation as a partner in
              its private label program in ongoing press materials, and in
              marketing collateral related to such program; provided that all
              uses of Excite Marks in marketing and promotional materials shall
              require the prior review and approval of Excite.

                          Excite - FairMarket Agreement
                                     Page 4
<PAGE>   5
                                                                    CONFIDENTIAL

       f)     FairMarket will not develop or promote a proprietary Auction
              Services or Classified Advertising Services destination site,
              including any site under the FairMarket, or any other name, at any
              time during the Term. All links on the FairMarket site referencing
              a live auction or classifieds service shall link to the Co-Branded
              Site or other FairMarket third-party partner site. Following the
              first anniversary of the Effective Date, FairMarket shall have the
              option to develop and promote a proprietary Auction Services or
              Classified Advertising Services destination site if the total
              visits to the Co-Branded Site falls below 3 million visits in any
              3-month period.

       g)     Excite will promote the Co-Branded Site to the merchant customers
              of its retail shopping service. FairMarket will use its best
              efforts to relate its auction and classifieds category hierarchy,
              per Excite's direction, to the category hierarchy presented in
              Excite's retail shopping service, to enable Excite's merchant
              customers to distribute product listings through both services via
              a single or parallel data feed.

       h)     FairMarket, at its sole discretion, may refer its merchant
              customers seeking a retail shopping distribution partnership to
              the Excite Shopping Service ("ESS"). FairMarket will not promote
              ESS to its merchant customers any less that it promotes any
              similar third party online retail shopping service with comparable
              revenue-sharing arrangements.

       i)     Excite shall promote Excite's participation as a partner in the
              FairMarket Network in ongoing press materials for the Excite
              Auctions service, and in printed marketing collateral for the
              Excite Auctions service; provided that all uses of FairMarket
              Marks in marketing and promotional materials shall require the
              prior review and approval of FairMarket.

6.       TERM

       a)     The Term of the Agreement shall begin on the Effective Date and
              will continue for five (5) years.

       b)     Following the initial term, the Agreement will automatically renew
              for twelve (12) month terms until cancelled in writing by either
              party at least thirty (30) days prior to the end of the
              then-current term. In renewal terms, neither the traffic
              guarantees by Excite or revenue guarantees from FairMarket shall
              apply. All other financial arrangements will carry forward unless
              the parties agree otherwise prior to any renewal.

7.       TERMINATION

       a)     Either party may terminate this Agreement if the other party
              breaches any material obligation hereunder and such breach remains
              uncured for thirty (30) days following the receipt of written
              notice to the breaching party of the breach and the notifying
              party's intention to terminate.

       b)     Notwithstanding the provisions set forth in 7.a) above, Excite
              shall have the following termination rights:

              i.     In the event of three or more unplanned outages (each for a
                     period of fifteen (15) minutes or longer and each in a
                     separate 24-hour period) of the Co-Branded Site in any
                     thirty (30) day period, or in the event of one or more
                     major unplanned outage (for a period of five (5) hours or
                     longer) of the Co-Branded Site in any thirty (30) day
                     period, Excite may immediately terminate the Agreement
                     without notice and without a cure period.

              ii.    If the quality of the Co-Branded Site and FairMarket
                     Auction Services are not at least comparable to any other
                     auction service on the Internet, based on ranking by a
                     cross-section of third party reviewers (to be recommended
                     by Excite and approved by

                          Excite - FairMarket Agreement
                                     Page 5
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                                                                    CONFIDENTIAL

                     FairMarket, such approval not to be unreasonably withheld)
                     in terms of features and functionality including user
                     interface, product services, accessibility and reliability
                     (the "Default Standard"), Excite shall notify FairMarket in
                     writing, and FairMarket shall use its best efforts to bring
                     the Co-Branded Site and FairMarket Auction Services to the
                     Default Standard. If Excite determines that FairMarket has
                     not met the Default Standard within sixty (60) days
                     following such notification, Excite will no longer be bound
                     to the placement requirements outlined in Section 1.d. or
                     the relationship restrictions defined in Section 5.a.

              iii.   In the event that any undisputed Auction Services Provider
                     payment to Excite remains unpaid after it is due, Excite
                     shall notify Auction Services Provider of such delinquency
                     and Excite's intention to terminate, and Auction Services
                     Provider shall have five (5) business days to cure, after
                     which, if any portion remains unpaid, Excite may
                     immediately terminate this Agreement without further notice
                     and without a cure period.

              iv.    During the term of the Agreement, in the event that an
                     Excite Named Competitor acquires FairMarket, or merges with
                     FairMarket or acquires control of all or substantially all
                     of FairMarket's assets, Excite may terminate the Agreement
                     by providing ninety (90) days written notice within ninety
                     (90) days of Excite's notification of such merger or
                     acquisition. Should Excite choose not to terminate the
                     Agreement during this period, FairMarket will continue to
                     provide Excite with a level of service, which is, at a
                     minimum, consistent with that level of service provided to
                     Excite up to the point of such merger or acquisition.

       c)     Upon termination of this Agreement, Excite and the Excite Network
              shall immediately discontinue all use of the Co-Branded Site and
              return to Auction Services Provider, or destroy, all intellectual
              property belonging to Auction Services Provider.

       d)     All payments that have accrued prior to the termination or
              expiration of this Agreement will be payable in full within thirty
              (30) days of such termination or expiration.

       e)     The provisions of Section 11 (Confidentiality), Section 12
              (Warranty and Indemnity), Section 13 (Limitation of Liability) and
              Section 14 (Dispute Resolution) shall survive any termination or
              expiration of the Agreement.

8.       USAGE REPORTS AND USER DATA

       a)     In addition to the usage reports made available to Excite via the
              Administrative Module (as defined in Exhibit A), FairMarket will
              provide weekly and monthly usage reports as detailed in Exhibit C
              ("Usage Reports").

       b)     For the purpose of this Agreement, "User Data" shall mean all
              information submitted by a user of the Co-Branded Site ("User") to
              either party to this Agreement. "Individually Identifiable User
              Data" shall mean data which can be reasonably used to identify a
              specific individual such as their name, address, phone number,
              etc.

       c)     Both parties acknowledge that any individual user of the Internet
              could be a customer of Excite, Inc. and/or Auction Services
              Provider through activities unrelated to this Agreement. Both
              parties further acknowledge that any User Data gathered
              independent of this Agreement, even for Users that utilize both
              party's services, shall not be covered by this Agreement.

       d)     Excite shall retain all rights to any User Data obtained through
              this Agreement. Excite will have full access to all User Data via
              the Administrative Module (as defined in Exhibit A). Upon
              expiration or termination of the Agreement, FairMarket will
              provide to Excite any User Data not available to Excite at the
              time of such termination or expiration; such User Data will be
              provided in an electronic format to be agreed upon by the parties
              and will be provided to Excite within thirty (30) days following
              such termination or expiration.

                          Excite - FairMarket Agreement
                                     Page 6
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                                                                    CONFIDENTIAL

       e)     During the Term, Excite hereby grants FairMarket a limited license
              to aggregate and use the User Data only as follows. In the case of
              User submitted listings, Excite grants FairMarket the right to
              aggregate and distribute such listings across the FairMarket
              Network. Excite agrees that FairMarket shall be able to utilize
              aggregate information for the purposes of improving the Co-Branded
              Site. FairMarket may utilize, at its sole discretion, aggregated
              data from the Co-Branded Site when aggregated with data from
              FairMarket's other customers.

       f)     Both parties agree that they will not sell, disclose, transfer, or
              rent the Individually Identifiable User Data to any third party,
              nor will either party use said Individually Identifiable User Data
              on behalf of any third party, without the express permission of
              the User. In such cases where User permission for dissemination of
              Individually Identifiable User Data has been obtained, Auction
              Services Provider shall use all reasonable efforts to include and
              enforce within such dissemination contracts or agreements a
              requirement for the inclusion of an unsubscribe feature in all
              email communications generated by, or on behalf of, third party
              users of said Individually Identifiable User Data.

9.       SERVICE OWNERSHIP AND LICENSE

         Auction Services Provider will retain all right, title and interest in
         and to its service worldwide (including, but not limited to, ownership
         of all copyrights and other intellectual property rights therein).
         During the term of this Agreement, and subject to the terms and
         conditions of this Agreement, Auction Services Provider hereby grants
         to Excite a royalty-free, non-exclusive, worldwide license to use,
         distribute, transmit and publicly display the Co-Branded Site in
         accordance with this Agreement and to sub-license the Co-Branded Site
         to Excite's wholly-owned subsidiaries or joint ventures in which Excite
         participates for the sole purpose of using, distributing, transmitting
         and publicly displaying the Co-Branded Site in accordance with this
         Agreement.

10.      TRADEMARK OWNERSHIP AND LICENSE

         a)       Auction Services Provider will retain all right, title and
                  interest in and to its trademarks, service marks and trade
                  names worldwide, subject to the limited license granted to
                  Excite hereunder.

         b)       Excite will retain all right, title and interest in and to its
                  trademarks, service marks and trade names worldwide, subject
                  to the limited license granted to Auction Services Provider
                  hereunder.

         c)       Each party ("Licensor") hereby grants to the other a
                  non-exclusive, limited license to use Licensor's trademarks,
                  service marks or trade names only as specifically described in
                  this Agreement. All such use shall be in accordance with
                  Licensor's reasonable policies regarding advertising and
                  trademark usage, as shall be established or changed from time
                  to time, in each party's sole discretion.

         d)       Upon the expiration or termination of this Agreement, each
                  party will cease using the trademarks, service marks and/or
                  trade names of the other except:

                  i.       As the parties may agree in writing; or

                  ii.      To the extent permitted by applicable law.

11.      CONFIDENTIALITY

         a)       For the purposes of this Agreement, "Confidential Information"
                  means information about the disclosing party's (or its
                  suppliers') business or activities that is proprietary and
                  confidential, which shall include all business, financial,
                  technical and other information of a party marked

                          Excite - FairMarket Agreement
                                     Page 7
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                                                                    CONFIDENTIAL

                  or designated by such party as "confidential" or
                  "proprietary"; or information which, by the nature of the
                  circumstances surrounding the disclosure, ought in good faith
                  to be treated as confidential.

         b)       Confidential Information will not include information that (i)
                  is in or enters the public domain without breach of this
                  Agreement, (ii) the receiving party lawfully receives from a
                  third party without restriction on disclosure and without
                  breach of a nondisclosure obligation or (iii) the receiving
                  party knew prior to receiving such information from the
                  disclosing party or develops independently.

         c)       Each party agrees (i) that it will not disclose to any third
                  party or use any Confidential Information disclosed to it by
                  the other except as expressly permitted in this Agreement and
                  (ii) that it will take all reasonable measures to maintain the
                  confidentiality of all Confidential Information of the other
                  party in its possession or control, which will in no event be
                  less than the measures it uses to maintain the confidentiality
                  of its own information of similar importance.

         d)       Notwithstanding the foregoing, each party may disclose
                  Confidential Information (i) to the extent required by a court
                  of competent jurisdiction or other governmental authority or
                  otherwise as required by law or (ii) on a "need-to-know" basis
                  under an obligation of confidentiality to its legal counsel,
                  accountants, banks and other financing sources and their
                  advisors.

         e)       The terms and conditions of this Agreement will be deemed to
                  be the Confidential Information of each party and will not be
                  disclosed without the written consent of the other party.

12.      WARRANTY AND INDEMNITY

         a)       Each of FairMarket and Excite warrants that it owns, or has
                  obtained all necessary rights to distribute and make available
                  as specified in this Agreement, any and all information,
                  service or content provided to the other party or made
                  available to third parties in connection with this Agreement,
                  including without limitation in the case of FairMarket, the
                  FairMarket Auction Service(s).

         b)       Auction Services Provider warrants that the Co-Branded Site
                  will comply with the description and technical specifications
                  as contemplated by this Agreement and all Exhibits. FairMarket
                  represents and warrants that the Co-Branded Site, the
                  FairMarket Auction Services and or any other software or
                  content supplied by FairMarket hereunder is designed to be
                  used prior to, during and after the calendar year 2000 A.D.,
                  and that the software will operate during each such time
                  period without error relating to date data.

         c)       Each of FairMarket and Excite will indemnify, defend and hold
                  harmless the other party, its affiliates, officers, directors,
                  employees, consultants and agents from any and all third party
                  claims, liability, damages and/or costs (including, but not
                  limited to, reasonable attorneys fees) arising from:

                  i)       The breach of any warranty, representation or
                           covenant by FairMarket or Excite, as applicable, in
                           this Agreement; or

                  ii)      Any claim that the Co-Branded Site or any all
                           information, service or content provided to Excite or
                           FairMarket, as applicable or made available to third
                           parties by FairMarket or Excite, as applicable, in
                           connection with this Agreement infringes or violates
                           any third party's copyright, patent, trade secret,
                           trademark, right of publicity or right of privacy or
                           contains any defamatory content.

                          Excite - FairMarket Agreement
                                     Page 8
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                                                                    CONFIDENTIAL

                  A party seeking indemnification hereunder will promptly notify
                  the other party of any and all such claims and will reasonably
                  cooperate with such other party in the defense and/or
                  settlement thereof; provided that, if any settlement requires
                  an affirmative obligation of, results in any ongoing liability
                  to or prejudices or detrimentally impacts the indemnified
                  party in any way and such obligation, liability, prejudice or
                  impact can reasonably be expected to be material, then such
                  settlement shall require the indemnified party's written
                  consent (not to be unreasonably withheld or delayed) and the
                  indemnified party may, at its sole cost and expense, have its
                  own counsel in attendance at all proceedings and substantive
                  negotiations relating to such claim.

         d)       EXCEPT AS SPECIFIED IN THIS AGREEMENT, INCLUDING ALL EXHIBITS,
                  NEITHER PARTY MAKES ANY WARRANTY IN CONNECTION WITH THE
                  SUBJECT MATTER OF THIS AGREEMENT AND HEREBY SPECIFICALLY
                  DISCLAIMS ANY AND ALL IMPLIED WARRANTIES, INCLUDING ALL
                  IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A
                  PARTICULAR PURPOSE REGARDING SUCH SUBJECT MATTER.

13.      LIMITATION OF LIABILITY

EXCEPT UNDER SECTION 11.c), IN NO EVENT WILL EITHER PARTY BE LIABLE TO THE OTHER
FOR ANY SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, WHETHER BASED ON BREACH OF
CONTRACT, TORT (INCLUDING NEGLIGENCE) OR OTHERWISE, WHETHER OR NOT THAT PARTY
HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGE. THE LIABILITY OF A PARTY FOR
DAMAGES OR ALLEGED DAMAGES HEREUNDER, WHETHER IN CONTRACT, TORT OR ANY OTHER
LEGAL THEORY, IS LIMITED TO, AND WILL NOT EXCEED, THE AMOUNTS ACTUALLY PAID BY
THE OTHER PARTY TO SUCH PARTY HEREUNDER.

14. DISPUTE RESOLUTION

         a)       The parties agree that any breach of either of the parties'
                  obligations regarding trademarks, service marks or trade names
                  and/or confidentiality would result in irreparable injury for
                  which there is no adequate remedy at law. Therefore, in the
                  event of any breach or threatened breach of a party's
                  obligations regarding trademarks, service marks or trade names
                  or confidentiality, the aggrieved party will be entitled to
                  seek equitable relief in addition to its other available legal
                  remedies in a court of competent jurisdiction. For the
                  purposes of this section only, the parties consent to venue in
                  either the state courts of the county in which Excite has its
                  principal place of business or the United States District
                  Court for the Northern District of California.

         b)       In the event of disputes between the parties arising from or
                  concerning in any manner the subject matter of this Agreement,
                  other than disputes arising from or concerning trademarks,
                  service marks or trade names and/or confidentiality, the
                  parties will first attempt to resolve the dispute(s) through
                  good faith negotiation. In the event that the dispute(s)
                  cannot be resolved through good faith negotiation, the parties
                  will refer the dispute(s) to a mutually acceptable mediator
                  for hearing in the county in which Excite has its principal
                  place of business.

         c)       In the event that disputes between the parties arising from or
                  concerning in any manner the subject matter of this Agreement,
                  other than disputes arising from or concerning trademarks,
                  service marks or trade names and/or confidentiality, cannot be
                  resolved through good faith negotiation and mediation, the
                  parties will refer the dispute(s) to the American Arbitration
                  Association for resolution through binding arbitration by a
                  single arbitrator pursuant to the American Arbitration
                  Association's rules applicable to commercial disputes. The
                  arbitration will be held in the county in which Excite has its
                  principal place of business.

15.      GENERAL

         a)       Assignment. Neither party may assign this Agreement, in whole
                  or in part, without the other party's written consent (which
                  will not be unreasonably withheld), except that no such
                  consent

                          Excite - FairMarket Agreement
                                     Page 9
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                                                                    CONFIDENTIAL

                  will be required in connection with a merger, reorganization
                  or sale of all, or substantially all, of such party's capital
                  stock or assets. Any attempt to assign this Agreement other
                  than as permitted above will be null and void.

         b)       Governing Law. This Agreement will be governed by and
                  construed in accordance with the laws of the State of
                  California, notwithstanding the actual state or country of
                  residence or incorporation of FairMarket.

         c)       Notice. Any notice under this Agreement will be in writing and
                  delivered by personal delivery, express courier, confirmed
                  facsimile, confirmed email or certified or registered mail,
                  return receipt requested, and will be deemed given upon
                  personal delivery, one (1) day after deposit with express
                  courier, upon confirmation of receipt of facsimile or email or
                  five (5) days after deposit in the mail. Notices will be sent
                  to a party at its address set forth below or such other
                  address as that party may specify in writing pursuant to this
                  Section.

         d)       No Agency. The parties are independent contractors and will
                  have no power or authority to assume or create any obligation
                  or responsibility on behalf of each other. This Agreement will
                  not be construed to create or imply any partnership, agency or
                  joint venture.

         e)       Force Majeure. Any delay in or failure of performance by
                  either party under this Agreement caused by any occurrence
                  beyond the reasonable control of such party including, but not
                  limited to, acts of God, power outages and governmental
                  restrictions will not be considered a breach of this Agreement
                  and such performance will be excused for the number of days
                  such occurrence reasonably prevents performance, but in no
                  case will such excuse extend beyond six (6) months.

         f)       Severability. In the event that any of the provisions of this
                  Agreement are held by to be unenforceable by a court or
                  arbitrator, the remaining portions of the Agreement will
                  remain in full force and effect.

         g)       Entire Agreement. This Agreement is the complete and exclusive
                  agreement between the parties with respect to the subject
                  matter hereof, superseding any prior agreements and
                  communications (both written and oral) regarding such subject
                  matter. This Agreement may only be modified, or any rights
                  under it waived, by a written document executed by both
                  parties.

                      Excite, Inc.                   FairMarket, Inc.

                      By: /s/ David Pine             By: /s/ Scott Randall

                      Name: David Pine               Name: Scott Randall

                      Title: General Counsel and     Title: CEO
                               Secretary
                      Date:  8/23/99                 Date: 8/23/99

                          Excite - FairMarket Agreement
                                     Page 10

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