Document:

SPECIAL ESCROW AGREEMENT

                  THIS ESCROW AGREEMENT, dated as of October 16, 2000 (the
"Escrow Agreement"), is by and among Wit SoundView Group, Inc., a corporation
organized under the laws of Delaware ("Parent"), E*TRADE Group, Inc. as the
agent (the "Shareholders' Agent") of certain shareholders, each of whom is
listed on ANNEX A hereto (individually, a "Shareholder" and collectively the
"Shareholders") of E*OFFERING Corp., a California corporation (the "Company"),
and The Chase Manhattan Bank as escrow agent (the "Special Escrow Fund Agent").
Capitalized terms not otherwise defined in this Escrow Agreement have the
meanings ascribed to them in the Merger Agreement (as defined below).

                  Pursuant to the Agreement and Plan of Merger, dated as of May
15, 2000 (the "Merger Agreement"), and as amended on September 26, 2000 (the
"Amendment Agreement"), by and among Parent, Wit SoundView Corp., a corporation
organized under the laws of the State of Delaware ("Merger Sub"), and the
Company, the Company has been merged with and into Merger Sub (the "Merger").

                  Pursuant to Section 4.2 of the Merger Agreement, __________
shares of common stock, $0.01 par value per share, of Parent (the "Special
Escrow Shares") are being deposited by Parent into the escrow fund established
hereunder (the "Special Escrow Fund") under Article IV of the Merger Agreement.

                  NOW THEREFORE, the parties hereto agree as follows:

                  1.       ESTABLISHMENT OF ESCROW. Pursuant to Section 4.2(d)
of the Merger Agreement, Parent has delivered to the Special Escrow Fund Agent
and the Special Escrow Fund Agent acknowledges receipt of the Special Escrow
Shares in the form of stock certificates registered in the name of Cudd & Co. as
nominee for the Special Escrow Fund Agent. The name and address of each
Shareholder, the number of Special Escrow Shares initially being deposited on
each Shareholder's behalf and (if applicable) the taxpayer identification of
each Shareholder are set forth in ANNEX A attached hereto. The Special Escrow
Fund Agent shall hold the Special Escrow Shares, and any dividends or other
distributions on the Special Escrow Shares and other securities or property into
which the Special Escrow Shares may be converted or reclassified into or
exchanged for, in escrow, in its name or the name of its nominee, in accordance
with this Escrow Agreement. The Special Escrow Shares shall not be subject to
any lien, attachment, trustee process or any other judicial process of any
creditor of any party hereto.

                           The Special Escrow Fund Agent shall have no
responsibility for the genuineness, validity, market value, title or sufficiency
for any intended purpose of the Special Escrow Shares. The Special Escrow Fund
Agent shall be under no obligation to preserve, protect or exercise rights in
the Special Escrow Shares, and shall be responsible only for reasonable measures
to maintain the physical safekeeping thereof, and otherwise to perform and
observe such duties on its part as are expressly set forth in this Escrow
Agreement. Notwithstanding the foregoing, if the Special Escrow Fund Agent is so
requested in a written request of the Shareholders' Agent received by the
Special Escrow Fund Agent at least three (3)

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business days prior to the date on which the Special Escrow Fund Agent is
requested therein to take such action (or such later date as may be acceptable
to the Special Escrow Fund Agent), the Special Escrow Fund Agent shall execute
or cause its nominee to execute, and deliver to the Shareholders' Agent a proxy
or other instrument in the form supplied to it by the Shareholders' Agent for
voting or otherwise exercising any right of consent with respect to any of the
Special Escrow Shares held by it hereunder, to authorize therein the
Shareholders' Agent to exercise such voting or consent authority in respect of
the Special Escrow Shares (provided that the Special Escrow Fund Agent shall not
be obliged to execute any such proxy or other instrument if, in its judgment,
the terms thereof may subject the Special Escrow Fund Agent to any liabilities
or obligations in its individual capacity). The Special Escrow Fund Agent shall
not be responsible for forwarding to any party, notifying any party with respect
to, or taking any action with respect to, any notice, solicitation or other
document or information, written or otherwise, received from Parent or other
person with respect to the Special Escrow Shares, including but not limited to,
proxy material, tenders, options, the pendency of calls and maturities and
expiration of rights.

                  2.       DIVIDENDS AND DISTRIBUTIONS ON SPECIAL ESCROW SHARES.
The Special Escrow Fund Agent shall invest all cash dividends and other cash
distributions, if any, on the Special Escrow Shares (such cash dividends and
other cash distributions are referred to herein as the "Escrow Cash Dividends")
at, and pursuant to, the written direction of the Shareholders' Agent in
Eligible Investments (as defined below) (including any interest earned thereon)
and shall not be responsible or liable for any loss accruing from any investment
made in accordance herewith, and the Special Escrow Fund Agent shall hold any
noncash dividends and other noncash distributions on the Special Escrow Shares.
Dividends payable in securities or other distributions of any kind, whether by
way of stock dividends, stock splits or otherwise, shall be delivered to the
Special Escrow Fund Agent and added to the Special Escrow Fund and become a part
of the Special Escrow Fund. Such securities or other distributions shall be
considered Special Escrow Shares for purposes hereof and allocated pursuant to
the terms of this Escrow Agreement.

                           "Eligible Investments" means (a) obligations issued
or guaranteed by the United States of America or any agency or instrumentality
thereof (provided that the full faith and credit of the United States is pledged
in support of interest and principal thereto); (b) certificates of deposit of
any domestic commercial bank having capital and surplus in excess of
$500,000,000; (c) repurchase obligations for underlying securities of the type
described in clause (a); (d) shares of any registered money market fund at least
ninety-five percent (95%) of the assets of which constitute obligations of the
type described in clause (a) above; (e) a trust account with The Chase Manhattan
Bank (thirty (30) day libor minus fifty (50) bps); or (f) one or more portfolios
of The Chase Vista Money Market Mutual Funds, for which affiliates of The Chase
Manhattan Bank provide investment advisory and shareholder services for a fee as
described in the prospectus for these funds which has been provided to the
parties hereto, in addition to a twenty-five (25) basis point fee as
compensation for administrative and accounting services provided to clients. No
investment except for investments in money market funds shall have a term of
more than thirty (30) days. If otherwise qualified, obligations of the Special
Escrow Fund Agent shall qualify as Eligible Investments.

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                           Absent its timely receipt of such specific written
investment instruction from the Shareholders' Agent, the Special Escrow Fund
Agent shall have no obligation or duty to invest (or otherwise pay interest on)
the Escrow Funds. All earnings received from the investment of the Escrow Cash
Dividends shall be credited to, and shall become a part of, the Special Escrow
Fund (and any losses on such investments shall be debited to the Special Escrow
Fund). The Special Escrow Fund Agent shall have no liability for any investment
losses, including any losses on any investment required to be liquidated prior
to maturity in order to make a payment required hereunder.

                           All trust investment orders involving Treasuries,
commercial paper and other direct investments will be executed through Chase
Asset Management (CAM), in the investment management division of The Chase
Manhattan Bank. Subject to the principles of best execution, transactions are
effected on behalf of the account through a broker dealer selected by CAM. In
this regard, CAM seeks to attain the best overall result for the account, taking
into consideration quality of service and reliability. An agency fee will be
assessed in connection with each transaction. Periodic statements will be
provided to Parent and Shareholders' Agent reflecting transactions executed on
behalf of the Escrow Fund. The Parent and Shareholders' Agent, upon written
request, will receive a statement of transaction details upon completion of any
securities transaction in the Escrow Fund without any additional cost.

                  3.       TAX TREATMENT AND ALLOCATION. Dividends and other
distributions on the Special Escrow Shares shall be allocable for tax purposes
to the Shareholders in proportion to their respective Special Escrow Shares at
the time of such allocation, and the Shareholders will include any such
allocations constituting income in their gross income for federal, state and
local income tax purposes and pay any tax resulting therefrom. Any interest or
other earnings on the Special Escrow Shares and Escrow Cash Dividends shall be
allocable for tax purposes to Parent. Parent and the Shareholders' Agent will
provide the Special Escrow Fund Agent with certified tax identification numbers
for each of Parent and the Shareholders by furnishing appropriate Forms W-9 (or
Forms W-8, in the case of non-U.S. persons) and other forms and documents that
the Special Escrow Fund Agent may reasonably request to the Special Escrow Fund
Agent within fourteen (14) days of the date hereof. The parties hereto
acknowledge that in the event that a Shareholder's tax identification number is
not certified to the Special Escrow Fund Agent, the Special Escrow Fund Agent
may be required to withhold a portion of any interest, dividends or other income
earned on the Escrow Fund. The Special Escrow Fund Agent will be permitted to
withhold and pay to the appropriate taxing authority any amount of the Special
Escrow Shares, Escrow Cash Dividends and earnings thereon that the Special
Escrow Fund Agent in its determination reasonably believes is required to be
withheld and paid to the applicable taxing authority.

                  4.       TAX INDEMNIFICATION. Each Shareholder: (i) assumes
any and all obligations imposed now or hereafter by any applicable tax law with
respect to any payment or distribution of the Special Escrow Shares or Escrow
Cash Dividends, or performance of other activities under this Escrow Agreement,
with respect to the Shareholder's Special Escrow Shares; (ii) shall instruct the
Shareholders' Agent to instruct the Special Escrow Fund Agent in writing with
respect to the Special Escrow Fund Agent's responsibility for withholding and
other taxes,

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assessments or other governmental charges, and shall instruct the Shareholders'
Agent to instruct the Special Escrow Fund Agent with respect to any
certifications and governmental reporting that may be required under any laws or
regulations that may be applicable in connection with its acting as Special
Escrow Fund Agent under this Escrow Agreement with respect to the Shareholder's
Special Escrow Shares; and (iii) shall indemnify and hold the Special Escrow
Fund Agent harmless from any liability or obligation on account of taxes,
assessments, additions for late payment, interest, penalties, expenses and other
governmental charges that may be assessed or asserted against the Special Escrow
Fund Agent in connection with or relating to any payment made or other
activities performed under this Escrow Agreement with respect to the
Shareholder's Special Escrow Shares, including without limitation any liability
for the withholding or deduction of (or the failure to withhold or deduct) the
same, and any liability for failure to obtain proper certifications or to report
properly to governmental authorities in connection with this Escrow Agreement,
including costs and expenses (including reasonable legal fees and expenses),
interest and penalties.

                  5.       ESCROW PERIOD. This escrow shall commence on the date
hereof and shall terminate on October 16, 2003 ("Escrow Period").

                  6.       THE SPECIAL ESCROW FUND AGENT.

                           (a)      The Special Escrow Fund Agent shall not be
liable for any act or failure to act under this Escrow Agreement, including any
and all claims made against the Special Escrow Fund Agent as a result of its
holding the Special Escrow Shares or Escrow Cash Dividends in its own name,
except for its own gross negligence, bad faith or willful misconduct. Subject to
the foregoing, the Special Escrow Fund Agent shall not be liable for, and Parent
and the Shareholders' Agent shall, jointly and severally, indemnify and hold
harmless the Special Escrow Fund Agent and its directors, employees, officers,
agents, successors and assigns against any losses or claims (including
reasonable out-of-pocket expenses and attorney fees) arising out of any action
taken or omitted hereunder and reasonable costs of investigation and counsel
fees and expenses which may be imposed on the Special Escrow Fund Agent or
reasonably incurred by it in connection with its acceptance of this appointment
or performance of its duties hereunder. The Special Escrow Fund Agent may
decline to act and shall not be liable for failure to act if in doubt as to its
duties under this Escrow Agreement. The Special Escrow Fund Agent may act upon
any instrument or signature (including wire transfer instructions) believed by
it to be genuine and may assume that any person purporting to give any notice or
instruction hereunder, believed by it to be authorized, has been duly authorized
to do so. The Special Escrow Fund Agent's duties shall be determined only with
reference to the express duties set forth in this Escrow Agreement, each of
which duties are ministerial in nature, and applicable law. The Special Escrow
Fund Agent shall not be deemed to be a fiduciary and is not charged with
knowledge of or any duties or responsibilities in connection with any other
document or agreement, including without limitation, the Merger Agreement. The
parties hereto agree that the use of defined terms incorporated by reference to
the Merger Agreement is solely for the convenience of the other parties, and the
Special Escrow Fund Agent may rely on the use of defined terms in any
communication received by it. In no event will the Special Escrow Fund Agent be
liable for punitive, special or consequential damages or losses (including lost
profits)

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whatsoever, even if the Special Escrow Fund Agent has been informed of the
likelihood of such damages or losses. The parties hereto acknowledge that the
foregoing indemnities shall survive the resignation or removal of the Special
Escrow Fund Agent or the termination of this Escrow Agreement.

                           (b)      On the last business day of the calendar
month following the month of the date of this Escrow Agreement, and on the last
business day of each calendar month thereafter during the Escrow Period, the
Special Escrow Fund Agent shall release one thirty-sixth of the Special Escrow
Shares, in accordance with the Schedule as set forth in ANNEX B, to the
Shareholders' addresses as set forth in ANNEX A. PROVIDED, HOWEVER, that in the
event of a Change in Control (as defined in the Strategic Alliance Agreement)
with respect to the Shareholders' Agent and a non-assumption of the Strategic
Alliance Agreement by the acquiring or successor entity, Parent or the
Shareholders' Agent shall deliver to both the Special Escrow Fund Agent and the
other party a certificate indicating that a Change in Control with respect to
the Shareholders' Agent has occurred. In such event, unless the Special Escrow
Fund Agent receives a Dispute Notice (as defined below), within fourteen (14)
days after receiving such certificate from Parent or the Shareholders' Agent,
the Special Escrow Fund Agent shall (i) deliver all remaining Special Escrow
Shares in the Special Escrow Fund to Parent's transfer agent with instruction to
distribute the Special Escrow Shares to Parent for cancellation, and (ii)
deliver any and all Escrow Cash Dividends, interest and other earnings on the
Special Escrow Shares to Parent via check to Parent's address in Section 10.
PROVIDED, FURTHER, that in the event of a Change in Control (as defined in the
Strategic Alliance Agreement) with respect to Parent, Parent or the
Shareholders' Agent shall deliver to both the Special Escrow Fund Agent and the
other party a certificate indicating that a Change in Control with respect to
Parent has occurred. In such event, unless the Special Escrow Fund Agent
receives a Dispute Notice (as defined below), within fourteen (14) days after
receiving such certificate from Parent or the Shareholders' Agent, the Special
Escrow Fund Agent shall (i) deliver all remaining Special Escrow Shares in the
Special Escrow Fund (which Special Escrow Shares shall be delivered in the name
of the Shareholders' Agent) to the Shareholders' Agent at the Shareholders'
Agent's address in Section 10 with instructions to distribute the Special Escrow
Shares to the Shareholders in accordance with their respective percentage
interests in the Special Escrow Fund as set forth in ANNEX A, (ii) deliver any
and all Escrow Cash Dividends on the Special Escrow Shares to the Shareholders'
Agent via check to the Shareholders' Agent's address in Section 10 with
instructions to distribute such Escrow Cash Dividends to the Shareholders in
accordance with their percentage interests in the Special Escrow Fund as set
forth in ANNEX A and (iii) deliver any interest or other earnings on Special
Escrow Share dividends or other distributions to Parent via check to Parent's
address in Section 10. The Special Escrow Fund Agent shall instruct Parent's
transfer agent that any Special Escrow Shares released from the Special Escrow
Fund shall continue to bear the legend on prohibition of transfer pursuant to
Section 4.2(b) of the Merger Agreement to the extent that such prohibition
continues to apply to such Special Escrow Shares at the time of such release.

                           (c)      If, at any time during the Escrow Period,
the number of the Special Escrow Shares to be distributed to the Shareholders'
Agent pursuant to this Escrow Agreement is not evenly divisible by a whole
number, the number of Special Escrow

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Shares to be distributed to the Shareholders' Agent shall be rounded down to the
next lowest number of Special Escrow Shares, and the Special Escrow Fund Agent
shall cause Parent's transfer agent to distribute that number of Special Escrow
Shares to the Shareholders' Agent. In lieu of the additional fractional Special
Escrow Share interest to which the Shareholders' Agent is entitled, Parent shall
furnish the Special Escrow Fund Agent cash equal to the value of such fractional
Special Escrow Share interest, which value shall be set forth in a certificate
delivered to the Special Escrow Fund Agent by both Parent and the Shareholders'
Agent, and the Special Escrow Fund Agent shall pay such cash to the
Shareholders' Agent via check to the address of the Shareholders' Agent in
Section 10. Parent shall be deemed to have purchased such fractional Special
Escrow Share interest with respect to which it has furnished funds to the
Special Escrow Fund Agent.

                           (d)      If Parent or the Shareholders' Agent, in
good faith, disputes any claim (in whole or in part) in a certificate made
pursuant to this Section 6, the Shareholders' Agent or Parent shall give written
notice thereof ("Dispute Notice") to the other party and to the Special Escrow
Fund Agent, and the Special Escrow Fund Agent must receive such Dispute Notice
within fourteen (14) days after the date the Special Escrow Fund Agent received
the related certificate. If the Special Escrow Fund Agent timely receives the
Dispute Notice, the Special Escrow Fund Agent shall continue to hold the Special
Escrow Shares in accordance with the terms of this Escrow Agreement, and no
distribution of the Special Escrow Shares shall be made by the Special Escrow
Fund Agent to Parent or to the Shareholders until either (i) such disputed claim
has been resolved as evidenced by a written notice executed by Parent and the
Shareholders' Agent instructing the Special Escrow Fund Agent as to the
distribution of the Special Escrow Shares relative to each Shareholder's
account, or (ii) such dispute shall have been adjudicated in accordance with the
arbitration procedures described in Section 6(e) hereof and the Special Escrow
Fund Agent has received such documents as are specified therein.

                           (e)      If the Special Escrow Fund Agent does not
receive written notice executed by Parent and the Shareholders' Agent within
forty-five days (45) after the Special Escrow Fund Agent receives the Dispute
Notice to the effect that the dispute has been resolved, the claim shall be
referred to an arbitrator in accordance with Section 13.1 of the Merger
Agreement. The Special Escrow Fund Agent shall distribute or continue to hold
the Special Escrow Shares in accordance with the final arbitration
determination, in each case as and to the extent allowed as soon as practicable
following its receipt of a copy of the arbitration determination. Such
arbitration decision must specify the distribution of the Special Escrow Shares
relative to each Shareholder's position.

                           (f)      The Special Escrow Fund Agent shall have the
right at any time to resign hereunder by giving written notice of its
resignation to the parties hereto, at the addresses set forth herein or at such
other address as the parties shall provide, at least thirty days prior to the
date specified for such resignation to take effect. The Special Escrow Fund
Agent shall have the right to withhold an amount equal to any amount due and
owing to the Special Escrow Fund Agent, plus any costs and expenses the Special
Escrow Fund Agent shall reasonably believe may be incurred by the Special Escrow
Fund Agent in connection with the termination of this Escrow Agreement. In such
event Parent shall with the approval of the Shareholders' Agent, which approval
shall not be unreasonably withheld, appoint a successor Special Escrow Fund
Agent within that thirty-day period; if Parent does not designate a successor
Special Escrow Fund

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Agent within such period, the Special Escrow Fund Agent may appoint a successor
Special Escrow Fund Agent. Upon the effective date of such resignation, the
Special Escrow Shares and Escrow Cash Dividends then held by the Special Escrow
Fund Agent hereunder shall be delivered by it to such successor Special Escrow
Fund Agent or as otherwise shall be designated in writing by Parent and the
Shareholders' Agent. If no successor Special Escrow Fund Agent is appointed as
provided herein, the Special Escrow Fund Agent may apply to a court of competent
jurisdiction for appointment of a successor Special Escrow Fund Agent.

                           (g)      In the event that the Special Escrow Fund
Agent shall be uncertain as to its duties or rights hereunder or shall receive
instructions, claims or demands from any party hereto which, in its opinion,
conflict with any of the previsions of this Escrow Agreement, it shall be
entitled to refrain from taking any action and its sole obligation shall be to
keep safely all property held in escrow until it shall be directed otherwise in
writing by all of the other parties hereto or by a final order or judgment of a
court of competent jurisdiction. The Special Escrow Fund Agent may consult
counsel satisfactory to it, including in-house counsel, and will be protected in
respect of any action taken or omitted in reliance thereon.

                           (h)      The Special Escrow Fund Agent may execute
any of its powers or responsibilities hereunder and exercise any rights
hereunder, either directly or by or through its agents or attorneys. Nothing in
this Escrow Agreement shall be deemed to impose upon the Special Escrow Fund
Agent any duty to qualify to do business in any jurisdiction other than New York
or to act as fiduciary. The Special Escrow Fund Agent shall not be responsible
for and shall not be under a duty to examine, inquire into or pass upon the
validity, binding effect, execution or sufficiency of this Escrow Agreement or
of any amendment or supplement hereto.

                  7.       TERMINATION.

                           (a)      Upon the termination of the Escrow Period
("Termination Date"), the Special Escrow Fund Agent shall deliver any and all
remaining Special Escrow Shares and Escrow Cash Distributions to the
Shareholders' Agent with instructions to deliver to the Shareholders according
to their respective Special Escrow Shares then held in escrow. Special Escrow
Shares delivered in this manner upon the Termination Date shall be registered in
the name of the Shareholders' Agent. The Special Escrow Fund Agent shall deliver
any interest or other earnings on Special Escrow Share dividends or other
distributions to Parent via check to Parent's address in Section 10. This Escrow
Agreement shall terminate upon the later of the Termination Date or the
distribution of all the Special Escrow Shares in accordance with this Escrow
Agreement, provided that Section 4 shall survive termination of this Escrow
Agreement.

                            (b)     If, upon the Termination Date, the number of
Special Escrow Shares to be delivered to the Shareholders' Agent pursuant to
this Escrow Agreement is not a whole number, the number of Special Escrow Shares
to be delivered to the Shareholders' Agent shall be rounded down to the next
lowest number of Special Escrow Shares, and the Special Escrow Fund Agent shall
cause Parent's transfer agent to distribute that number of Special Escrow Shares
to the Shareholders' Agent. In lieu of the additional fractional Special Escrow
Share interest to which the Shareholders' Agent is entitled, Parent shall
furnish the Special Escrow Fund Agent cash equal to the value of such fractional
Special Escrow Share interest,

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which value shall be set forth in a certificate delivered to the Special Escrow
Fund Agent by both Parent and the Shareholders' Agent, and the Special Escrow
Fund Agent shall pay such cash to the Shareholders' Agent via check to the
address of the Shareholders' Agent as set forth in Section 10. Parent shall be
deemed to have purchased such fractional Special Escrow Share interest with
respect to which it has furnished funds to the Special Escrow Fund Agent.

                  8.       ESCROW FEES AND EXPENSES. Parent agrees to (i) pay
the Special Escrow Fund Agent upon execution of this Escrow Agreement and
annually thereafter reasonable compensation for the services to be rendered
hereunder, which unless otherwise agreed in writing shall be as set forth in
ANNEX C attached hereto, and (ii) pay or reimburse the Special Escrow Fund Agent
upon request for all expenses, disbursements and advances, including reasonable
attorneys' fees and expenses, incurred or made by it in connection with the
preparation, execution, performance, delivery, modification and termination of
this Escrow Agreement.

                  9.       SHAREHOLDERS' AGENT. The Shareholders' Agent
represents and warrants to Parent and the Special Escrow Fund Agent that it is
authorized to execute this Escrow Agreement for and on behalf of the
Shareholders and to take any action deemed by it appropriate or necessary to
carry out the provisions of, and to determine the rights of the Shareholders
under, this Escrow Agreement. The Shareholders' Agent shall serve as the agent
of the Shareholders for all purposes related to this Escrow Agreement, including
without limitation service of process upon the Shareholders. By execution of
this Escrow Agreement, the Shareholders' Agent accepts and agrees to use its
best efforts to discharge the duties and responsibilities of the Shareholders'
Agent set forth in this Escrow Agreement without compensation for its services
hereunder. Parent and the Special Escrow Fund Agent shall be entitled to rely
upon the authorization and designation of the Shareholders' Agent under this
Section 9 and shall be fully protected in dealing with the Shareholders' Agent,
and shall have no duty to inquire into the authority of any person reasonably
believed by any of them to be the Shareholders' Agent.

                  10.      NOTICES. Any notice or other communication required
or permitted hereunder shall be in writing and shall be deemed given when
delivered in person, by overnight courier, by facsimile transmission (with
receipt confirmed by telephone or by automatic transmission report) or five (5)
business days after being sent by registered or certified mail (postage prepaid,
return receipt requested), as follows:

                           If to Parent:

                           Wit SoundView Group, Inc.
                           826 Broadway,
                           New York, New York 10003
                           Facsimile: 212 253-5289
                           Attention: Robert H. Lessin
                                      Chief Executive Officer

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                           With copies to:

                           Wit SoundView Group, Inc.
                           826 Broadway
                           New York, New York 10003
                           Facsimile: 212 253-5289
                           Attention: Lloyd H. Feller
                                      Senior Vice President and
                                      Co-General Counsel

                           and

                           Skadden, Arps, Slate, Meagher & Flom, LLP
                           Four Times Square, 30th Floor
                           New York, New York 10036
                           Facsimile: (212) 735-2000
                           Attention: Richard T. Prins, Esq.

                           and

                           Skadden, Arps, Slate, Meagher & Flom, LLP
                           525 University Avenue, Suite 220
                           Palo Alto, CA  94301
                           Facsimile: (650) 470-4570
                           Attention: Kenton J. King, Esq.

                  If to Shareholders' Agent:

                           E*TRADE Group, Inc.
                           4500 Bohannon Drive
                           Menlo Park, CA  94025
                           Facsimile: (650)331-6803
                           Attention: Thomas A. Bevilacqua
                           Chief Strategic Investment Officer

                           With copies to:

                           Wilson Sonsini Goodrich & Rosati
                           650 Page Mill Road
                           Palo Alto, CA  94304
                           Facsimile: (650) 461-5380
                           Attention: Alan K. Austin, Esq.

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                           and

                           Brobeck Phleger & Harrison
                           Two Embarcadero Place
                           2200 Geng Road
                           Palo Alto, CA  94303
                           Facsimile: (650) 496-2885
                           Attention: Curtis L. Mo, Esq.

                           and

                           Paul, Weiss, Rifkind, Wharton & Garrison
                           1285 Avenue of the Americas
                           New York, NY 10019
                           Facsimile: (212) 757-3990
                           Attention: Douglas A. Cifu, Esq.

                  If to Special Escrow Fund Agent:

                           Chase Manhattan Bank
                           Capital Markets Fiduciary Services
                           450 West 33rd Street, 10th Floor
                           New York, NY  10001
                           Facsimile: (212) 946-3935
                           Attention: Debbie DeMarco

Any party may by notice given in accordance with this section to the other
parties designate another address or person for receipt of notices hereunder.

                  11.      VOTING. Until the Termination Date, until directed
otherwise by the Shareholders' Agent pursuant to Section 1, the Special Escrow
Fund Agent will vote each of the Special Escrow Shares as directed in writing by
the Shareholders' Agent.

                  12.      GOVERNING LAW. This Escrow Agreement is governed by
the laws of New York without regard to its conflict of law provisions, and shall
inure to the benefit of and be binding upon the successors, assigns, heirs and
personal representatives of the parties hereto.

                  13.      COUNTERPARTS. This Escrow Agreement may be executed
in two or more counterparts, all of which documents shall be considered one and
the same document.

                  14.      ADDITIONAL TERMS.

                           (a)      The Special Escrow Fund Agent shall have no
more or less responsibility or liability on account of any action or omission of
any book-entry depository,

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securities intermediary or other subescrow agent employed by the Special Escrow
Fund Agent than any such book-entry depository, securities intermediary or other
subescrow agent has to the Special Escrow Fund Agent, except to the extent that
such action or omission of any book-entry depository, securities intermediary or
other subescrow agent was caused by the Special Escrow Fund Agent's own gross
negligence, bad faith or willful misconduct.

                           (b)      Each of the parties hereby absolutely and
irrevocably consents and submits to the jurisdiction of the courts in New York
and of any Federal court located in New York in connection with any actions or
proceedings brought against any of the parties (or each of them) by the Special
Escrow Fund Agent arising out of or relating to this Escrow Agreement. In any
such action or proceeding, the parties each hereby absolutely and irrevocably
(i) waive any objection to jurisdiction or venue, (ii) waive personal service of
any summons, complaint, declaration or other process, and (iii) agree that the
service thereof may be made by certified or registered first-class mail directed
to such party, as the case may be, at their respective addresses in accordance
with Section 10 hereof.

                           (c)      The Special Escrow Fund Agent shall not be
responsible for delays or failures in performance resulting from acts beyond its
control. Such acts shall include but not be limited to acts of God, strikes,
lockouts, riots, acts of war, epidemics, governmental regulations superimposed
after the fact, fire, communication line failures, computer viruses, power
failures, earthquakes or other disasters.

                           (d)      This Escrow Agreement shall be binding upon
the respective parties hereto and their heirs, executors, successors and
assigns.

                           (e)      This Escrow Agreement may not be altered or
modified without the express written consent of the parties hereto. No course of
conduct shall constitute a waiver of any of the terms and conditions of this
Escrow Agreement, unless such waiver is specified in writing, and then only to
the extent so specified. A waiver of any terms and conditions of this Escrow
Agreement on one occasion shall not constitute a waiver of the other terms of
this Escrow Agreement, or of such terms and conditions on any other occasion.

                           (f)      The parties agree that this Escrow Agreement
and all documents relating thereto, including, without limitation, (i) consents,
waivers and modifications which may hereafter be executed, and (ii) certificates
and other information previously or hereafter furnished, may be reproduced by
any photographic, photostatic, microfilm, optical disk, micro-card, miniature
photographic or other similar process and shall be admissible in evidence as the
original itself in any judicial or administrative proceeding, whether or not the
original is in existence and whether or not such reproduction was made by a
party in the regular course of business, and that any enlargement, facsimile or
further reproduction of such reproduction shall likewise be admissible in
evidence.

                           (g)      In the event funds transfer instructions are
given (other than in writing at the time of execution of this Escrow Agreement),
whether in writing, by telecopier or otherwise, the Special Escrow Fund Agent is
authorized to seek confirmation of such instructions by telephone call-back to
the person or persons designated on ANNEX D, and the Special Escrow

                                       11

<PAGE>

Fund Agent may rely upon the confirmation of anyone purporting to be the person
or persons so designated. The persons and telephone numbers for call-backs may
be changed only in a writing actually received and acknowledged by the Special
Escrow Fund Agent. The Special Escrow Fund Agent and the beneficiary's bank in
any funds transfer may rely solely upon any account numbers or similar
identifying numbers provided by Parent or the Shareholders' Agent to identify
(i) the beneficiary, (ii) the beneficiary's bank, or (iii) an intermediary bank.
The Special Escrow Fund Agent may apply any of the escrowed funds for any
payment order it executes using any such identifying number, even where its use
may result in a person other than the beneficiary being paid, or the transfer of
funds to a bank other than the beneficiary's bank or an intermediary bank
designated. The parties to this Escrow Agreement acknowledge that these security
procedures are commercially reasonable.

                  [Remainder of Page Intentionally Left Blank]

                                       12

<PAGE>

                           Counterpart Signature Page
                            Special Escrow Agreement

                  IN WITNESS WHEREOF, the parties have executed this Special
Escrow Agreement on the date first above written.

                                   WIT SOUNDVIEW GROUP, INC.

                                   By:  /s/ Mark F. Loehr
                                        ---------------------------------------
                                        Name:   Mark F. Loehr
                                        Title:  Co-President

                                   E*TRADE GROUP, INC.
                                   as Shareholders' Agent

                                   By:  /s/ Theodore J. Theophilos
                                        ---------------------------------------
                                        Name:   Theodore J. Theophilos
                                        Title:  Chief Legal Affairs Officer
                                                and Corporate Secretary

                                   THE CHASE MANHATTAN BANK
                                   as Special Escrow Fund Agent

                                   By:  /s/ Debbie DeMarco
                                        ---------------------------------------
                                        Authorized Signatory
                                        Name:   Debbie DeMarco
                                        Title:  Assistant Vice President

                                       13

<PAGE>

                                     ANNEX A
                                     -------

                             SHAREHOLDER INFORMATION

--------------------------------------------------------------------------------
Name of Shareholder       Address   Taxpayer Identification   Number of Special
                                    Number (if applicable)     Escrow Shares
--------------------------------------------------------------------------------
GAP Coinvestment
Partners II LP
--------------------------------------------------------------------------------
General Atlantic
Partners 61 LP
--------------------------------------------------------------------------------
Softbank Technology
Ventures Advisors Fund
V L.P.
--------------------------------------------------------------------------------
Softbank Technology
Ventures Entrepreneurs
Fund V L.P.
--------------------------------------------------------------------------------
Softbank Technology
Ventures V L.P.
--------------------------------------------------------------------------------
E*TRADE Group, Inc.

--------------------------------------------------------------------------------

                              --------------------------------------------------
                                   Total Number of
                                Special Escrow Shares
                              --------------------------------------------------

                                       14

<PAGE>

                                     ANNEX B
                                     -------

                                    SCHEDULE

Name of Shareholder                     Number of Special Escrow Shares to be
                                       distributed monthly during Escrow Period
--------------------------------------------------------------------------------
GAP Coinvestment Partners II LP

General Atlantic Partners 61 LP

Softbank Technology Ventures Advisors
Fund V L.P.

Softbank Technology Ventures
Entrepreneurs Fund V L.P.

Softbank Technology Ventures V L.P.

E*TRADE Group, Inc.

                                       15

<PAGE>

                                     ANNEX C
                                     -------

                        FEES OF SPECIAL ESCROW FUND AGENT

15 basis points of the highest value of collateral held on deposit per annum or
any part thereof without proration for partial years, subject to a minimum of
$7,500.00 per annum or any part thereof without proration for partial years
(includes investment in a Chase Manhattan Bank Money Market Account, Chase
Manhattan Bank Deposit Acount or The Chase Manhattan Bank Mutual Fund known as
the Vista Fund).

$75 per investment (excludes Money Market, Deposit Account or Vista Fund
Investments).

                                       16

<PAGE>

                                     ANNEX D
                                     -------

                     TELEPHONE NUMBER(S) FOR CALL-BACKS AND
           PERSON(S) DESIGNATED TO CONFIRM FUNDS TRANSFER INSTRUCTIONS
           -----------------------------------------------------------

If to Parent:

         NAME                                        TELEPHONE NUMBER
         ----                                        ----------------

1.       Curt Snyder                                 (212) 253-5207

2.       Jennifer Fleissner                          (212) 253-5285

3.       Cynthia Alegre                              (212) 253-4602

If to Shareholders' Agent:

         NAME                                        TELEPHONE NUMBER
         ----                                        ----------------

1.       _________________                           _______________

2.       _________________                           _______________

3.       _________________                           _______________

Telephone call-backs shall be made to both Parent and Shareholders' Agent if
joint instructions are required pursuant to this Escrow Agreement.

                                       17REGISTRATION RIGHTS AGREEMENT

                  This REGISTRATION RIGHTS AGREEMENT (the "Agreement") is made
and entered into as of October 16, 2000, by and among Wit SoundView Group, Inc.,
a Delaware corporation (together with its permitted successors and assigns, "we"
or the "Company"), and the persons whose signatures appear on the execution
pages of this Agreement (the "Stockholders").

                  WHEREAS, the Company has agreed to use its commercially
reasonable efforts to effect and maintain the registration under the Securities
Act of 1933, as amended (the "Act") of certain shares of its common stock, par
value $0.01 per share, which are set forth opposite the name of each Stockholder
on Schedule A and are being issued pursuant to the Agreement and Plan of Merger,
by and among the Company, Wit SoundView Corporation and E*OFFERING Corp., dated
as of May 15, 2000, as amended on September 26, 2000 (the "Merger Agreement"),
along with the associated rights to purchase shares of the Company's Series A
Junior Participating Preferred Stock and any securities paid, issued or
distributed in respect of such shares by way of stock dividends or distribution
or stock split or in connection with a combination of shares, recapitalization,
reorganization, merger or otherwise (collectively, the "Registrable Shares"),

                  WHEREAS, certain of the Stockholders are parties to an
agreement or agreements which in one or more ways restrict or restricts the
rights of such Stockholders to sell or otherwise transfer the Registrable Shares
for specified periods of time and until certain conditions are no longer
applicable, and notwithstanding the rights granted to such Stockholders
hereunder, such transfer restrictions are independent of the provisions of this
Agreement, and

                  WHEREAS, the Company has registered under the Act the resale
of the Registrable Shares by the Stockholders on a Registration Statement on
Form S-4 (No. 333- 42062), which was originally declared effective by the staff
of the Securities and Exchange Commission (the "Staff") on August 8, 2000, as
amended by a post-effective amendment dated October 6, 2000 (as may be amended
from time to time, the "Current Registration Statement").

                  NOW, THEREFORE, for good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, intending to be bound
hereby the parties agree as follows:

<PAGE>

                  1.       REGISTRATION.

                           (a) With respect to the Registrable Shares,
immediately after the Closing of the Merger, or as soon thereafter as reasonably
practicable, the Company hereby agrees to use its reasonable best efforts to
either (i) maintain the effectiveness of the Current Registration Statement,
through post-effective amendments, if, and as necessary, on Form S-3 (or any
successor form), for the sale by the Stockholders of Registrable Shares from
time to time on a delayed or continuous basis pursuant to Rule 415 under the Act
or (ii) prepare and file a new registration statement on Form S-3 (or any
successor form) (a "New Registration Statement") with the Staff and to maintain
the effectiveness of the New Registration Statement, through post-effective
amendments, as necessary, for the sale by the Stockholders of Registrable Shares
from time to time on a delayed or continuous basis pursuant to Rule 415 under
the Act. As used herein, the term "Registration Statement" refers to either the
Current Registration Statement or the New Registration Statement, as applicable.

                           (b) With respect to each Stockholder, the Company
further agrees to maintain the effectiveness of the Registration Statement until
such time as the earlier of (i) all Registrable Shares have been sold by such
Stockholder, (ii) the lapse, if applicable to such Stockholder, of selling
restrictions provided by Rule 144(k) under the Act (or any successor provision)
applicable to such Stockholder, (iii) or November 15, 2003.

                           (c) The Company shall have no obligation to engage in
underwriting to effect or facilitate the sale of any Registrable Shares and this
Agreement shall not confer any piggyback or other rights on the holders of
Registrable Shares, other than as expressly set forth herein.

                  2.       DELAY PERIODS. Notwithstanding the provisions of
Section 1 above, the Company shall have the right to suspend the filing,
effectiveness or use of the Registration Statement for a reasonable length of
time not to exceed 90 calendar days (a "Delay Period") from time to time if the
Company determines in good faith that (A) it is in possession of material,
non-public information concerning an acquisition, merger, recapitalization,
consolidation, reorganization or other material transaction by or of the Company
or concerning pending or threatened litigation and (B) disclosure of such
information would jeopardize any such transaction or litigation or otherwise
materially harm the Company, provided, that the Company may not exercise such
deferral right pursuant to this Section 2 more than once in any twelve month
period. The Company shall provide written notice at or prior to commencement of
a Delay Period and promptly upon the end of any Delay Period to each holder of
Registrable Shares covered by the Registration Statement and such holders shall
cease all disposition efforts with respect to Registrable Shares held by them
immediately upon the beginning of any Delay Period until notified of the end of
such Delay Period.

                                        2

<PAGE>

                  3.       HOLD-BACK AGREEMENT.

                           Each holder of Registrable Shares agrees, if such
holder is requested by an underwriter in an underwritten offering for the
Company (whether for the account of the Company or otherwise), not to effect any
public sale or distribution of any of the Company's equity securities pursuant
to the Registration Statement, including (in the case of an offering for the
account of the Company) a sale pursuant to Rule 144 (except as part of such
underwritten registration), during the 3-day period prior to the offering date,
and during the 30-day period beginning on the closing date of such underwritten
offering.

                  4.       NOTICES. All notices, requests and other
communications hereunder must be in writing and will be deemed to have been duly
given only if delivered personally against written receipt or by facsimile
transmission against facsimile confirmation or mailed (by registered or
certified mail, postage prepaid, return receipt requested) or delivered by
reputable overnight courier, fee prepaid, to the parties at the following
addresses or facsimile numbers:

                           (1)     If to the Company, to:

                                   Wit SoundView Group, Inc.
                                   826 Broadway
                                   New York, New York 10003
                                   Facsimile No.: 212-253-5289
                                   Attn.: General Counsel

                                   with a copy to:

                                   Skadden, Arps, Slate, Meagher & Flom LLP
                                   Four Times Square
                                   New York, New York 10036-6522
                                   Facsimile No.: 212-735-2000
                                   Attn.: Richard T. Prins

                           (2)     If to any Stockholder, to:

                                    The last known address of such Stockholder
                                    on the books and records of the Company;

                  5.

                           EXPENSES. The Company will pay all expenses to
register the Registrable Shares and maintain the effectiveness of the
Registration Statement for the period set forth in Section 2 hereof, including,
without limitation, all registration and filing fees, printing expenses, fees
and disbursements of counsel for the Company, expenses of any audits incident to
or required by any such registration and expenses of complying with the
securities and "blue-sky" laws. Stockholders shall bear all other expenses in
proportion

                                        3

<PAGE>

to the number of Registrable Shares held by such Stockholder and included in
such registration, including underwriting expenses, the expense of any broker's
commission or underwriter's discount or commission relating to registration and
sale of such Stockholder's Registrable Shares.

                  6.       GOVERNING LAW. This letter agreement shall be
governed by and construed in accordance with the laws of the State of New York,
without giving effect to conflict of laws principles thereof.

                  7.       WAIVER OF JURY TRIAL. Each of the parties hereto
hereby waives its respective rights to a jury trial of any claim or cause of
action based upon or arising out of this agreement. The scope of this waiver is
intended to be all-encompassing of any and all disputes that may be filed in any
court and that relate to the subject matter of this agreement, including
contract claims, tort claims, breach of duty claims, and all other common law
and statutory claims. Each of the parties hereto further warrants and represents
that it has reviewed this waiver with its legal counsel, and that it knowingly
and voluntarily waives its jury trial rights following consultation with legal
counsel. This waiver is irrevocable, meaning that it may not be modified either
orally or in writing, and this waiver shall apply to any subsequent amendments,
renewals, supplements or modifications to this agreement. In the event of
litigation, this agreement may be filed as a written consent to a trial by the
court.

                  8.       ASSIGNMENT. The rights granted pursuant to this
Agreement may not be assigned or otherwise conveyed by any Stockholder or by any
subsequent transferee of any of such rights without the written consent of the
Company, which consent shall not unreasonably be withheld; provided, however,
that no such written consent shall be required and such Registrable Shares will
be Registrable Shares upon transfer to such transferee if (a) the transfer is to
any affiliate or partner of any Stockholder or if such transferee acquires at
least a majority of the capital stock of the Company owned by such Stockholder
or (b) the transfer of the Registrable Shares to such transferee is expressly
permitted by any agreement between the Company and any Stockholder (each, a
"Permitted Transferee"); provided further, however, that any such purchaser or
transferee shall, as a condition to the effectiveness of such transfer and/or
assignment, be required to execute a counterpart to this Agreement agreeing to
become a party to this Agreement and to be treated as a Stockholder hereunder,
whereupon such purchaser or transferee shall have the benefits of, and shall be
subject to the restrictions contained in this Agreement. The rights granted
pursuant to this Agreement with respect to any Stockholder's Registrable Shares
shall be deemed to be assigned subject to the provisions of this Section 9 (with
respect to such Registrable Shares) to any Permitted Transferee of such
Registrable Shares, unless the documentation executed by the Stockholder to
effect the transfer of such Registrable Shares provides that rights under this
Agreement are not being assigned to such transferee. The term "Stockholder"
shall be deemed to include any party to whom a Stockholder's rights with respect
to a particular Registrable Shares have been assigned in accordance with this
Section 9.

                                        4

<PAGE>

                  9.       INDEMNIFICATION.

                           (a) In connection with any registration of any
Registrable Shares under the Act pursuant to this Agreement, the Company shall
indemnify and hold harmless the Stockholders, and the officers, directors and
other persons that may be deemed to control any Stockholder within the meaning
of the Securities Exchange Act of 1934 (the "Exchange Act") against any losses,
claims, damages or liabilities, joint or several (or actions in respect
thereof), to which the Stockholders and such persons may become subject under
the Act or otherwise, insofar as such losses, claims, damages or liabilities (or
actions in respect thereof) arise out of or are based upon an untrue statement
or alleged untrue statement of a material fact contained in the registration
statement under which such Registrable Shares were registered under the Act, any
preliminary prospectus or final prospectus contained therein or otherwise filed
with the Securities and Exchange Commission (the "Commission"), any amendment
or supplement thereto or any document incident to registration or qualification
of any Registrable Shares, or arise out of or are based upon the omission or
alleged omission to state therein a material fact required to be stated therein
or necessary to make the statements therein not misleading or, with respect to
any prospectus, necessary to make the statements therein in the light of the
circumstances under which they were made not misleading, or any violation by the
Company of the Securities Act or state securities or "blue-sky" laws applicable
to the Company and relating to action or inaction required of the Company in
connection with such registration or qualification under state securities or
"blue-sky" laws; provided, however, that the Company shall not be liable in any
such case to the extent that any such loss, claim, damage, liability or action
arises out of or is based upon an untrue statement or alleged untrue statement
or omission or alleged omission made in said registration statement, preliminary
prospectus, final prospectus, amendment, supplement or document incident to
registration or qualification of any Registrable Shares in reliance upon and in
strict conformity with written information furnished to the Company by any
Stockholder with respect to information regarding such Stockholder expressly for
inclusion therein.

                           (b) In connection with any registration of
Registrable Shares under the Act pursuant to this Agreement, any Stockholder
participating in such registration shall, severally and not jointly, indemnify
and hold harmless (in the same manner and to the same extent as set forth in
Section 9(a)) the Company, each director of the Company, each officer of the
Company who shall sign such registration statement, each underwriter, broker or
other person acting on behalf of the Company and each person who controls any of
the foregoing persons within the meaning of the Act with respect to any
statement or omission from such registration statement, any preliminary
prospectus or final prospectus contained therein or otherwise filed with the
Commission, any amendment or supplement thereto or any document incident to
registration or qualification of any Registrable Share, if such statement or
omission was made in reliance upon and in strict conformity with written
information furnished to the Company or such underwriter by such Stockholder
expressly for inclusion in such registration statement, preliminary prospectus,
final prospectus, amendment, supplement or document, provided that the liability
of any Stockholder under this Section 9(b) shall not exceed the aggregate
proceeds received by such Stockholder upon the sale of Registrable Shares by
such Stockholder pursuant to such registration.

                                        5

<PAGE>

                           (c) Promptly after receipt by an indemnified party of
notice of the commencement of any action involving a claim referred to in the
preceding paragraphs of this Section 9, such indemnified party will, if a claim
in respect thereof is made against an indemnifying party, give written notice to
the latter of the commencement of such action. In case any such action is
brought against an indemnified party, the indemnifying party will be entitled to
participate in and to assume the defense thereof, jointly with any other
indemnifying party similarly notified to the extent that it may wish, with
counsel reasonably satisfactory to such indemnified party, and after notice
from the indemnifying party to such indemnified party of its election so to
assume the defense thereof, the indemnifying party shall not be responsible for
any legal or other expenses subsequently incurred by the indemnified party in
connection with the defense thereof; provided, however, that an indemnified
party shall have the right to retain its own counsel, with the reasonable fees
and expenses to be paid by the indemnifying party, if such indemnified party
shall have reasonably concluded that representation of such indemnified party or
parties by the counsel retained by the indemnifying party or parties would be
inappropriate due to actual or potential differing interests between such
indemnified party or parties and any other party represented by such counsel in
such proceeding.

                           (d) If the indemnification provided for in this
Section 9 is held by a court of competent jurisdiction to be unavailable to an
indemnified party with respect to any loss, claim, damage, liability or action
referred to herein, then the indemnifying party, in lieu of indemnifying such
indemnified party hereunder, shall contribute to the amounts paid or payable by
such indemnified party as a result of such loss, claim, damage, liability or
action in such proportion as is appropriate to reflect the relative fault of the
indemnifying party on the one hand and of the indemnified party on the other in
connection with the statements or omissions which resulted in such loss, claim,
damage, liability or action as well as any other relevant equitable
considerations. The relative fault of the indemnifying party and of the
indemnified party shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact or the
omission or alleged omission to state a material fact relates to information
supplied by the indemnifying party or by the indemnified party and the parties'
relative intent, knowledge, access to information and opportunity to correct or
prevent such statement or omission.

                  10.      MODIFICATIONS; Amendments; Waivers. The terms and
provisions of this Agreement may only be amended or waived either (a) with the
written consent of the (i) Company and (ii) Stockholders holding a majority, by
voting power, of the outstanding Registrable Shares then held by all
Stockholders with respect to all terms and provisions of this Agreement.

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

                                        6

<PAGE>

                  12.      ENTIRE AGREEMENT. This Agreement supersedes all prior
discussions and agreements between the parties with respect to the subject
matter hereof and contains the sole and entire agreement among the parties
hereto with respect to the subject matter hereof.

                                        7

<PAGE>

                  IN WITNESS WHEREOF, the parties hereto have executed and
delivered this Agreement as of the date first above written.

                                   WIT SOUNDVIEW GROUP, INC.

                                   By:  /s/ Lloyd H. Feller
                                        ---------------------------------------
                                   Name:    Lloyd H. Feller
                                   Title:   Senior V.P. and Co-General Counsel

E*TRADE GROUP, INC.

By:  /s/ Theodore J. Theophilos
     -----------------------------
     Name:  Theodore J. Theophilos
     Title: Chief Legal Affairs Officer
            and Corporate Secretary

GAP COINVESTMENT PARTNERS II, L.P.

By:  /s/ Thomas J. Murphy
     -----------------------------
     Name:  Thomas J. Murphy
     Title: Attorney-In-Fact

GENERAL ATLANTIC PARTNERS 61, L.P.

By:  General Atlantic Partners, LLC,
     Its general partner

By:  /s/ Thomas J. Murphy
     -----------------------------
     Name:  Thomas J. Murphy
     Title: Attorney-In-Fact

SOFTBANK TECHNOLOGY VENTURES V L.P.

By:
     -----------------------------
     Name:
     Title:

<PAGE>

NEW ENTERPRISE ASSOCIATES 9 L.P.

By:
     -----------------------------
     Name:
     Title:

CRUTTENDEN PARTNERS, LLC

By:  /s/ Walter Cruttenden
     -----------------------------
     Name:  Walter Cruttenden
     Title: Managing Member

/s/ William Owen
----------------------------------
Name:     William Owen

/s/ Walter Cruttenden
----------------------------------
Name:     Walter Cruttenden

----------------------------------
Name:     Sanford Robertson

/s/ Frank W. Cutler
----------------------------------
Name:     Frank Cutler

/s/ Christopher Cruttenden
----------------------------------
Name:     Christopher Cruttenden

<PAGE>

E*TRADE ECOMMERCE FUND, L.P.

By:  E*TRADE Ventures I, LLC,
     Its general partner

By:  /s/ Thomas Bevilacqua
     -----------------------------
     Name:  Thomas Bevilacqua
     Title: Member

<PAGE>

                                                                      Schedule A

                               REGISTRABLE SHARES

STOCKHOLDER                                       NO. OF REGISTRABLE SHARES

E*TRADE Group, Inc.

General Atlantic Partners 61, L.P.

GAP Coinvestment Partners II, L.P.

Softbank Technology Ventures V L.P.

New Enterprise Associates 9 L.P.

E*TRADE ecommerce Fund, L.P.

Cruttenden Partners, LLC

William Owen

Walter Cruttenden

Sanford Robertson

Frank Cutler

Christopher Cruttenden

                                                       ------------
                    Total
                                                       ============

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