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                                                                   EXHIBIT 10.31

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                              Autobytel.Europe LLC

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                              AMENDED AND RESTATED

                               OPERATING AGREEMENT

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                           Dated as of January 6, 2000
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I     DEFINITIONS ..........................................................  1
      1.1   "ABT Contribution" .............................................  2
      1.2   "Act"...........................................................  2
      1.3   "Adjusted Capital Account Deficit"..............................  2
      1.4   "Affiliate".....................................................  2
      1.5   "Agreement".....................................................  2
      1.6   "Assets"........................................................  2
      1.7   "Authorized Person".............................................  2
      1.8   "Business"......................................................  2
      1.9   "Business Day"..................................................  2
      1.10  "Capital Account"...............................................  3
      1.11  "Capital Contribution"..........................................  3
      1.12  "Certificate"...................................................  3
      1.13  "Code"..........................................................  3
      1.14  "Company".......................................................  3
      1.15  "Expiration Date"...............................................  3
      1.16  "Fair Market Value".............................................  3
      1.17  "Fiscal Year"...................................................  3
      1.18  "Majority in Interest"..........................................  3
      1.19  "Members".......................................................  4
      1.20  "Member Nonrecourse Debt".......................................  4
      1.21  "Member Nonrecourse Debt Minimum Gain"..........................  4
      1.22  "Member Nonrecourse Deductions".................................  4
      1.23  "NASDAQ"........................................................  4
      1.24  "NOC"...........................................................  4
      1.25  "Non-ABT Units".................................................  4
      1.26  "Observer"......................................................  4
      1.27  "Original Eligible Owner".......................................  4
      1.28  "Ownership Percentage"..........................................  4
      1.29  "Person"........................................................  4
      1.30  "Profit or Loss"................................................  4
      1.31  "Securities Act"................................................  5
      1.32  "Tax Matters Partner"...........................................  5
      1.33  "Treasury Regulations"..........................................  5
      1.34  "Units".........................................................  5
II.   THE COMPANY...........................................................  5

      2.1   Formation of the Company........................................  5
      2.2   Company Name and Office.........................................  6
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      2.3   Purposes of the Company.........................................  6
      2.4   Term of the Company.............................................  6
      2.5   Title to Property...............................................  6
III.  CAPITAL CONTRIBUTIONS.................................................  6

      3.1   Initial Capital Contribution....................................  6
      3.2   No Further Contributions or Loans...............................  6
      3.3   Dilution........................................................  7
IV.   VOTING AGREEMENT......................................................  7

      4.1   Board of Managers of the Company................................  7
      4.2   Member Voting...................................................  9
      4.3   Vacancies/Removals..............................................  9
      4.4   No Voting or Conflicting Agreements.............................  9
      4.5   Actions Consistent with Agreement...............................  9
      4.6   Amendments to Organizational Documents..........................  9
      4.7   Expiration of Rights............................................  9
V.    MANAGEMENT AND OPERATIONS OF THE COMPANY..............................  9

      5.1   Management Generally............................................  9
      5.2   Meetings of  the Board of Managers.............................. 10
      5.3   Powers of the Board of Managers................................. 10
      5.4   Duties and Obligations of the Board of Managers................. 11
      5.5   No Compensation for the Board of Managers....................... 11
      5.6   Reimbursement of Expenses....................................... 11
      5.7   Officers........................................................ 12
VI.   POWERS AND WARRANTIES OF THE MEMBERS; ADMISSION OF NEW MEMBERS ....... 12

      6.1   Powers of the Members........................................... 12
      6.2   Meetings of Members............................................. 12
      6.3   Examination of Company Records.................................. 12
      6.4   Admission of New Members........................................ 13
VII.  RIGHTS AND RESTRICTIONS ON TRANSFERS BY THE MEMBERS................... 13

      7.1   Restrictions on Transfers Generally............................. 13
      7.2   Right of First Offer............................................ 13
      7.3   Tag Along Right................................................. 14
      7.4   Drag Along Right................................................ 15
      7.5   Transfers to Affiliates......................................... 15
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      7.6   Transfer by ABT to Pon.......................................... 15
      7.7   Transferees Subject to Agreement................................ 16
      7.8   Exchange Rights................................................. 16
      7.9   Participation Rights............................................ 16
      7.10  Preemptive Rights............................................... 17
      7.11  Expiration of Rights and Restrictions........................... 18
      7.12  ABT Ownership................................................... 18
      7.13  Redemption Right................................................ 18
VIII. CERTAIN REPRESENTATIONS, WARRANTIES AND COVENANTS..................... 18

      8.1   Member Representation........................................... 18
      8.2   Company Representation.......................................... 20
      8.3   Non-Solicitation; Non-Hire...................................... 21
      8.4   Disclosure of Member Identity................................... 22
      8.5   Annual Budget................................................... 22
      8.6   IPO Intent...................................................... 22
      8.7   Insurance....................................................... 22
      8.8   Right to Offer Products and Services to NOCs.................... 22
IX.   DISTRIBUTIONS......................................................... 23

      9.1   Distributions................................................... 23
      9.2   Establishment of Reserves....................................... 23
      9.3   Liquidating Distributions....................................... 23
X.    MAINTENANCE OF CAPITAL ACCOUNTS; ALLOCATIONS.......................... 23

      10.1  Allocations of Profit or Loss................................... 23
      10.2  Tax Allocations; Certain Book/Tax Differences................... 24
      10.3  Special Allocations............................................. 24
      10.4  Allocations Upon Transfer of Units in the Company .............. 25
XI.   ACCOUNTING PROCEDURE; TAX MATTERS..................................... 26

      11.1  Fiscal Year..................................................... 26
      11.2  Books of Account................................................ 26
      11.3  Preparation and Filing of Income Tax Returns and Other
            Writings........................................................ 26
      11.4  Controversies with the Internal Revenue Service................. 27
XII.  LIMITATIONS ON LIABILITIES; INDEMNIFICATION; RIGHT TO CONDUCT
      OTHER BUSINESS........................................................ 27

      12.1  Liability of Members............................................ 27
      12.2  Indemnification................................................. 27
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      12.3  Right to Conduct Other Business................................. 28
XIII. POWER OF ATTORNEY..................................................... 28

      13.1  Authority to Execute Documents.................................. 28
      13.2  Survival of Power............................................... 28
XIV.  AMENDMENT AND DISSOLUTION............................................. 29

      14.1  Amendment....................................................... 29
      14.2  Dissolution..................................................... 29
      14.3  Distributions Upon Dissolution.................................. 30
      14.4  No Obligation to Restore Deficit Capital Accounts............... 31
XV.   MISCELLANEOUS......................................................... 31

      15.1  Injunctive Relief............................................... 31
      15.2  Further Assurances.............................................. 31
      15.3  Governing Law; Dispute Resolution............................... 31
      15.4  Entire Agreement................................................ 32
      15.5  Binding Effect.................................................. 32
      15.6  Invalidity of Provision......................................... 32
      15.7  Notices......................................................... 32
      15.8  Headings........................................................ 32
      15.9  Gender and Number............................................... 32
      15.10 Counterparts and Execution...................................... 32
      15.11 Consents and Waivers............................................ 33
      15.12 Rights and Remedies Cumulative.................................. 33
      15.13 Waiver of Right to Partition.................................... 33

Schedule A     Capital Contribution and Ownership Percentages..............S-1
Exhibit 1      Intercompany Software License Agreement.....................E-1
Exhibit 2      Legal Opinion...............................................E-2
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                              AMENDED AND RESTATED

                               OPERATING AGREEMENT

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                THIS AMENDED AND RESTATED OPERATING AGREEMENT (this "Agreement")
is dated as of January 6, 2000 by and among Autobytel.Europe LLC, a Delaware
limited liability company (the "COMPANY"), autobytel.com inc., a Delaware
company ("ABT"), GE Capital Equity Holdings, Inc., a Delaware corporation
("GE"), Inchcape Overseas Investments B.V., a Netherlands corporation
("INCHCAPE"), Pon Holdings B.V., a Netherlands corporation ("PON") and any other
Person who shall execute this Agreement or a counterpart thereof and become a
Member (as defined below) on and after the date hereof.

                                    RECITALS

                WHEREAS, on or about August 28, 1997, a Certificate of Formation
was filed for the Company with the office of the Secretary of State of the State
of Delaware under the name Auto-By-Tel International LLC.

                WHEREAS, on or about March 8, 1999, the name of the Company was
changed to Autobytel.Europe LLC by filing with the Secretary of State of the
State of Delaware an amendment to the Certificate of Formation.

                WHEREAS, the parties desire to enter into an agreement with
respect to the management of the Company, the transfer or other disposition of
the Units (as defined below) by any of the Members and certain other matters.

                NOW, THEREFORE, in consideration of the mutual premises,
agreements and covenants set forth herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto, intending legally to be bound, hereby agree as follows:

                               TERMS OF AGREEMENT

                                 I. DEFINITIONS

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                The following terms when used in this Agreement, including its
preamble and recitals, shall have the following meanings, such meanings to be
equally applicable to the singular and plural forms thereof:

                1.1 "ABT CONTRIBUTION" shall have the meaning ascribed to such
term in footnote 1 to Schedule A.

                1.2 "ACT" shall mean the Limited Liability Company Act, Delaware
Code Annotated, Title 6, Sections 18-101 et seq., as from time to time amended.

                1.3 "ADJUSTED CAPITAL ACCOUNT DEFICIT" shall mean, with respect
to any Member for any Fiscal Year, the deficit balance, if any, in such Member's
Capital Account as of the end of such Fiscal Year after giving effect to the
following adjustments: (a) crediting to such Capital Account any amounts that
such Member is obligated to restore as described in the penultimate sentences of
Treasury Regulation Sections 1.704-2(g)(1) and 1.704-2(i)(5) and (b) debiting to
such Capital Account the items described in Treasury Regulation Sections
1.704-1(b)(2)(ii)(d)(4), (5) and (6). The foregoing definition of "Adjusted
Capital Account Deficit" is intended to comply with the provisions of Treasury
Regulations Section 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently
therewith.

                1.4 "AFFILIATE" shall mean, with respect to any Person, any
Person that, directly or indirectly, controls, is controlled by, or is under
common control with, such Person. For the purposes of this definition, "control"
(including, with correlative meanings, the terms "controlled by" and "under
common control with"), as used with respect to any Person, shall mean the
possession, directly or indirectly, of (i) the power to direct or cause the
direction of the management and policies of such Person, whether through the
ownership of voting securities, by contract or otherwise, and (ii) more than 50%
of the equity interest entitled to vote for the election of directors or
equivalent governing body.

                1.5 "AGREEMENT" shall have the meaning ascribed to such term in
the preamble hereto.

                1.6 "ASSETS" shall mean any real, personal or other property,
whether tangible or intangible, acquired or owned by the Company at any time.

                1.7 "AUTHORIZED PERSON" shall mean and refer to an authorized
agent of the Members, who is authorized under this Agreement to form the Company
under and pursuant to the Act by filing the Certificate on behalf of the Members
and to be an "authorized person" within the meaning of the Act, with the
authority upon approval by the managers to execute, deliver and file any
certificates (and amendments and restatements thereof) with the Delaware
Secretary of State.

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                1.8 "BUSINESS" shall mean any electronic commerce relating to
any automotive-related product or service including, without limitation, the
sale or lease of any new or used vehicle, any related financing, insurance or
warranty product or service, and any after-market product or service.

                1.9 "BUSINESS DAY" shall mean any day except Saturday, Sunday or
other day on which commercial banks located in California are authorized by law
to be closed for business.

                1.10 "CAPITAL ACCOUNT" shall mean, with respect to each Member,
the account established for such Member on the books of the Company which shall
be (a) increased by (i) the total amount of money and Fair Market Value of
property contributed to the Company by such Member, and (ii) the amount of
Company income and gain attributable to and allocated to such Member pursuant to
this Agreement, and (b) decreased by (i) the amount of cash and the Fair Market
Value of property distributed by the Company to such Member (net of any
liability secured by such property that the Member is considered to assume or
take subject to pursuant to Section 752 of the Code) pursuant to Articles IX and
XIV hereof, and (ii) the amount of Company losses and deductions allocated to
such Member pursuant to this Agreement. Each Member's Capital Account shall be
maintained and adjusted in accordance with Treasury Regulation Sections
1.704-1(b) and 1.704-2.

                1.11 "CAPITAL CONTRIBUTION" shall mean, with respect to any
Member, a contribution to the capital (whether in cash or otherwise) of the
Company made by such Member.

                1.12 "CERTIFICATE" shall mean that certain Certificate of
Formation of the Company filed with the Office of the Secretary of State of the
State of Delaware, as the same may be amended from time to time.

                1.13 "CODE" shall mean the Internal Revenue Code of 1986, as
amended, or any corresponding provision of any succeeding law.

                1.14 "COMPANY" shall have the meaning ascribed to such term in
the recitals hereto.

                1.15 "EXPIRATION DATE" shall mean the first to occur of (i) the
effective date of an IPO or (ii) excluding the sale and issuance by the Company
of Units prior to January 31, 2000, the effective date of any transaction, which
when aggregated with all other transactions, results in a sale, exchange or
other transfer of more than fifty (50%) percent of the Units for shares or other
interests in a publicly-traded entity that is not an Affiliate of any Member.

                1.16 "FAIR MARKET VALUE" shall mean the commercially reasonable
value as determined by the board of managers and confirmed by independent
appraisal performed by an investment banking firm with international expertise
and reputation selected by ABT and consented

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to by the Members holding at least fifty (50%) percent of the total Non-ABT
Units, which consent shall not be unreasonably withheld.

                1.17 "FISCAL YEAR" shall mean the twelve (12) month period
ending December 31.

                1.18 "IPO" shall mean a public offering, which when aggregated
with all prior public offerings, constitutes an offering registered under the
Securities Act or other foreign securities laws of more than twenty (20%)
percent of the Units, excluding any registration of securities offered pursuant
to any employee benefit plan.

                1.19 "MAJORITY IN INTEREST" shall mean any Member or group of
Members holding an aggregate of more than 50% of the total number of Units
outstanding.

                1.20 "MEMBERS" shall mean GE, Inchcape, Pon, ABT and each Person
hereafter admitted to the Company as a Member as provided in this Agreement.

                1.21 "MEMBER NONRECOURSE DEBT" shall have the meaning set forth
in Treasury Regulation Section 1.704-2(b)(4).

                1.22 "MEMBER NONRECOURSE DEBT MINIMUM GAIN" shall mean an
amount, with respect to each Member Nonrecourse Debt, equal to Company Minimum
Gain that would result if such Member Nonrecourse Debt were treated as a
nonrecourse liability, determined in accordance with Treasury Regulation Section
1.704-2(i)(3).

                1.23 "MEMBER NONRECOURSE DEDUCTIONS" shall have the meaning set
forth in Treasury Regulation Section 1.704-2(i).

                1.24 "NASDAQ" shall mean the Nasdaq National Market System.

                1.25 "NOC" shall mean any business operating in Europe which
licenses or sublicenses ABT's brand name, technology or business methodologies
and know-how.

                1.26 "NON-ABT UNITS" shall mean Units owned or controlled by
Persons other than ABT or its Affiliates.

                1.27 "OBSERVER" shall have the meaning ascribed to such term in
Section 4.1 hereof.

                1.28 "ORIGINAL ELIGIBLE OWNER" shall mean each Member, other
than ABT, who becomes a Member and owns at least 10,000 Units of the Company on
January 31, 2000.

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                1.29 "OWNERSHIP PERCENTAGE" shall mean, as to each Member, such
Member's allocable share of all income, gains, losses, deductions and credits of
the Company as set forth on SCHEDULE A hereto, as may be amended from time to
time hereafter.

                1.30 "PERSON" shall mean and include an individual, a
corporation, a limited liability company, an association, a partnership, a joint
venture, a trust or estate, a government or any department or agency thereof, or
any other entity or governmental body.

                1.31 "PROFIT OR LOSS" shall mean, for each Fiscal Year or
portion thereof, an amount equal to the Company's taxable income or loss for
such Fiscal Year or portion thereof, determined in accordance with Section
703(a) of the Code (for this purpose, all items of income, gain, loss, deduction
or credit required to be stated separately pursuant to Section 703(a)(1) of the
Code shall be included in taxable income or loss) with the following
adjustments:

                        (a) any income of the Company that is attributable to an
Asset and is exempt from federal income tax and not otherwise taken into account
in computing Profits or Losses pursuant to this definition of "Profits" or
"Losses" shall be added to such taxable income or loss;

                        (b) any expenditures of the Company that are described
in Section 705(a)(2)(B) of the Code or treated as Code Section 705(a)(2)(B)
expenditures pursuant to Treasury Regulation Section 1.704-1(b)(2)(iv)(i), and
not otherwise taken into account computing Profits or Losses pursuant to this
definition of "Profits" or "Losses," shall be subtracted from such taxable
income or loss;

                        (c) gain or loss resulting from any disposition of an
Asset with respect to which gain or loss is recognized for federal income tax
purposes shall be computed by reference to the accounting book basis of the
property disposed of, notwithstanding that the adjusted tax basis of such
property differs from its accounting book basis;

                        (d) any increase or decrease to Assets as a result of
any adjustment to the accounting book basis of Company assets pursuant to
Treasury Regulation Section 1.704-1(b)(2)(iv)(f) shall be added to or subtracted
from, as the case may be, such taxable income or loss;

                        (e) in lieu of the depreciation, amortization, and other
cost recovery deductions taken into account in computing such taxable income or
loss, there shall be taken into account depreciation for such Fiscal Year or
portion thereof, computed in accordance with Treasury Regulation Section
1.704-1(b)(2)(iv)(g), if applicable; and

                        (f) any items specially allocated pursuant to Sections
10.2(b) and 10.3 hereof shall not be considered in determining Profit or Loss.

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If such Profit or Loss as calculated hereby is a positive number, it shall
sometimes be referred to herein as "Profit," and if such Profit or Loss as
calculated hereby is a negative number, it shall sometimes be referred to herein
as "Loss."

                1.32 "SECURITIES ACT" shall mean the Securities Act of 1933, as
amended.

                1.33 "TAX MATTERS PARTNER" shall have the meaning ascribed to
such term in SECTION 11.4 hereof.

                1.34 "TREASURY REGULATIONS" shall mean the income tax
regulations promulgated under the Code, as such regulations may be amended from
time to time (including corresponding provisions of succeeding regulations).

                1.35 "UNITS" shall mean equal units of the entire ownership
interest of all Members of the Company, and all rights and liabilities
associated therewith, at any particular time, including, without limitation,
rights to distributions (liquidating or otherwise), allocations, information,
and consent or approval.

                                 II. THE COMPANY

                2.1 FORMATION OF THE COMPANY. ABT, as the initial Member, has
authorized the Authorized Person to act as organizer and to form the Company
under and pursuant to the Act by filing the Certificate on behalf of the
Members. This Agreement is subject to, and governed by, the Act and the
Certificate. In the event of a direct conflict between the provisions of this
Agreement and either the mandatory provisions of the Act or the Certificate,
such mandatory provisions of the Act or the Certificate (as the case may be)
will be controlling.

                2.2 COMPANY NAME AND OFFICE. The name of the Company shall be
"Autobytel.Europe LLC." The Company shall maintain a registered office in
Delaware, and the name and address of the Company's registered agent in Delaware
is The Corporation Trust Company, 1209 Orange Street, Wilmington, Delaware
19801. Such office and such agent may be changed from time to time by the board
of managers. If the registered agent is changed, the Certificate shall be
amended to reflect such change. The principal office of the Company is currently
located at 18872 MacArthur Boulevard, Irvine, California 92612, but may be
relocated to a different address by the board of managers. The Company may
maintain such additional offices as may be designated from time to time by the
board of managers for the purpose of carrying out the business of the Company.

                2.3 PURPOSES OF THE COMPANY. The purpose of the Company shall be
to engage in all lawful activities (including, without limitation, entering
into, exercising the rights and enjoying the benefits of the Company under, and
discharging the obligations of the Company under, all lawful

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contracts, agreements and documents) that may be necessary, appropriate,
advisable or convenient to the Company.

                2.4 TERM OF THE COMPANY. The term of the Company commenced on
the date of the filing of the Certificate as required by Section 18-201 of the
Act and shall continue in existence until the dissolution (and subsequent
termination of the Company after the winding up of its affairs) as provided in
this Agreement.

                2.5 TITLE TO PROPERTY. Legal title to all Assets of the Company
shall be taken and at all times held in the name of the Company or any
subsidiary thereof. Attached hereto as Exhibit 1 is an Intercompany Software
License Agreement (the "LICENSE AGREEMENT"), between the Company and ABT dated
January 6, 2000.

                           III. CAPITAL CONTRIBUTIONS

                3.1 INITIAL CAPITAL CONTRIBUTION On or prior to the date hereof,
each Member shall have contributed or cause to be contributed to the Company the
assets specified on Schedule A in exchange for a proportionate share of Units.
No interest shall be paid by the Company on any Capital Contribution. No Member
shall be entitled to withdraw from the Company, or demand the return of any part
of its Capital Contribution or any balance in its Capital Account, or to receive
any distribution, except in accordance with the terms of this Agreement.

                3.2 NO FURTHER CONTRIBUTIONS OR LOANS. The liability of the
Members to the Company, in their capacity as Members, is limited to their
initial Capital Contributions made to the Company. Such initial Capital
Contributions constitute the only funds that the Members are required to furnish
to the Company, whether by way of contribution of capital, loan, or otherwise.
Unless agreed to by a Majority in Interest, the Members may not make any
additional Capital Contributions to the Company.

                3.3 DILUTION. The initial Ownership Percentage of the Members is
set forth on Schedule A hereto. Upon (i) the admission of a new Member to the
Company, or (ii) the making of additional Capital Contributions to the Company
by an existing Member, the Ownership Percentages set forth on Schedule A hereto
shall be adjusted to reflect any decrease or increase in such Ownership
Percentages caused by such events.

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                              IV. VOTING AGREEMENT

                4.1 BOARD OF MANAGERS OF THE COMPANY.

                        (a) Prior to the Expiration Date, the board of managers
shall be constituted as follows:

                                (i) ABT, so long as it, with its Affiliates,
owns (x) a Majority in Interest or (y) at least twice the number of Units held
by any other Member and at least thirty-three and one-third percent (331/3%) of
all Units, shall appoint that number of persons equal to one (1) more than a
majority of the managers of the Company at any given time;

                                (ii) each Original Eligible Owner shall appoint
one person as a manager of the Company; and

                                (iii) the Chief Executive Officer of the Company
shall serve as a manager of the Company. Initially, ABT will appoint Robert
Grimes, Mark Lorimer, Joshua McCarter, Ariel Amir and another individual as
managers, GE and Inchcape will each appoint an individual as a manager. Mark
Lorimer will serve initially as chairman of the board of managers.

        Notwithstanding the foregoing:

                                (i) each Original Eligible Owner shall have the
option to appoint an observer ("Observer") in lieu of a manager who shall have
the right to receive all notices, information and other materials provided to
the board of managers and to participate in meetings of the board of managers,
but shall not have the right to vote on any matter as a manager;

                                (ii) the board of managers may revoke any
Original Eligible Owner's right to appoint a manager if such Member sells (other
than to an Affiliate thereof) more than 50% of the Units such Member was issued;
provided however, that the board of managers may not revoke the right of any
Original Eligible Owner that invested more than $15 million to appoint a manager
unless and until such Member sells more than 67% of the Units such Member was
issued; and

                                (iii) by unanimous vote of the managers
appointed by ABT and the Original Eligible Owners, the board of mangers may
increase the number of managers on the board beyond the number provided in the
foregoing sentence and appoint managers to fill the new positions.

                        (b) The presence, in person or by proxy, of a majority
of the managers shall constitute a quorum for the transaction of business by the
board of managers. At a meeting of

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the managers in which a quorum is present, the affirmative vote of a majority of
the managers present at the meeting, in person or by proxy, shall constitute a
valid decision of the board of managers.

                        (c) Except as provided in Section 4.1(d), the written
consent or vote of a majority of both (i) the ABT appointed managers and (ii)
the holders of Non-ABT Units (with each of clauses (i) and (ii) voting
separately) will be required for any decision with respect to:

                                (i) a material change to, or the Company's
termination of, the License Agreement;

                                (ii) the issuance of new Units of the Company if
such issuance would dilute the value of the Units (or other equity interests) of
any Member other than ABT or would create Units with rights that are superior in
any material respect to the rights of the Units of any existing Member;

                                (iii) the payment of any dividend or a change in
any dividend policy that results in any dividend being paid other than on a pro
rata basis;

                                (iv) any investment in a NOC in an amount
greater than $5 million in United States dollars;

                                (v) any expense greater than $200,000 in United
States dollars, other than an investment in a NOC or an expense for which an NOC
is obligated to reimburse the Company, where such expense aggregated with other
non-reimbursed expenses for that calendar year in that expense category exceeds
one hundred twenty-five (125%) of the annual budget for that expense category
previously approved by the board of managers;

                                (vi) any loan in an amount greater than ten
(10%) percent of the Company's gross revenues for the preceding twelve (12)
months;

                                (vii) any offering of Units pursuant to a
registration statement under the Securities Act of 1933 or the securities laws
of any jurisdiction in the European Community;

                                (viii) a sale or other disposition of (a) all or
substantially all of the assets of the Company or (b) a portion of the assets of
the Company at a price greater than $20 million in United States dollars;

                                (ix) a consolidation, reorganization or merger
of the Company with any other entity which would result in the Members
immediately prior to such consolidation, reorganization or merger owning less
than 50% of the resulting entity;

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                                (x) any other transaction between ABT or any of
its Affiliates controlled by ABT, other than Affiliates controlled by the
Company, and the Company, exclusive of the License Agreement, provided that the
vote of non-ABT appointed managers with regard to such transactions not be
unreasonably withheld; or

                                (xi) engaging in any business outside the scope
of the Business.

                        (d) Notwithstanding Section 4.1(c), the written consent
or vote of neither a majority of the ABT appointed managers, nor the holders of
Non-ABT Units, will be required for any decision concerning the Company's
acquisition of all or substantially all of the business of, or merger with,
Auto-By-Tel AB, a Sweedish corporation ("ABT AB"), provided, that (i) such
transaction is completed in the calendar year 2000, (ii) ABT AB has at least
$4.0 million in cash and $4.0 million in shareholders' equity on the closing
date of such transaction and (iii) no more than 16,500 Units are issued to ABT
AB as consideration for such acquisition or merger.

                        (e) Notwithstanding Section 4.1(b), any action by the
board of managers concerning the enforcement of a contract between the Company
and ABT shall be decided by a vote of a majority of the non-ABT appointed
managers.

                4.2 MEMBER VOTING. The presence, in person or by proxy, of a
Majority in Interest shall constitute a quorum for the transaction of business
by the Members. Except as otherwise stated in this Agreement, the affirmative
vote or written consent of a Majority in Interest shall constitute a valid
decision of the Members.

                4.3 VACANCIES/REMOVALS. Each Member shall have the right to
remove from the board of managers of the Company, with or without cause, any
person or persons appointed solely by such Member as a manager.

                4.4 NO VOTING OR CONFLICTING AGREEMENTS. Each Member agrees that
it will not and will not permit any Affiliate to grant any proxy or enter into
or agree to be bound by any voting trust with respect to its Units or to enter
into any member agreements or arrangements of any kind with any Person with
respect to its Units in any such case in a manner that is inconsistent with the
provisions of this Agreement.

                4.5 ACTIONS CONSISTENT WITH AGREEMENT. The managers and Members
shall not take any action inconsistent with the provisions of this Agreement.

                4.6 AMENDMENTS TO ORGANIZATIONAL DOCUMENTS. Except as provided
in Section 4.1(c)(ii) hereof, each Member agrees to vote all of its Units in
favor of amending or changing this Agreement or the Certificate as may be
required, in the opinion of the board of managers, to consummate an initial
public offering.

                                       10
<PAGE>   16

                4.7 EXPIRATION OF RIGHTS. On and after the Expiration Date,
Sections 4.1(a) and (c), 4.4 and 4.6 shall expire and be of no further force and
effect and the Members shall elect not less than seven persons to serve as the
board of managers.

                V. MANAGEMENT AND OPERATIONS OF THE COMPANY

                5.1 MANAGEMENT GENERALLY. Subject to the provisions of this
Agreement and the Act, the business and affairs of the Company shall be managed
under the sole direction of the board of managers. All powers of the Company may
be exercised by the board of managers, except as conferred on or reserved to the
Members by the Act or this Agreement. The board of managers shall not, except by
a vote of Majority in Interest, take any action on behalf of or in the name of
the Company or enter into any commitment or obligation binding upon the Company,
except for actions authorized under or within the scope of the authority granted
to the board of managers pursuant to this Agreement and the Act.

                5.2 MEETINGS OF THE BOARD OF MANAGERS. Meetings of the board of
managers shall be held quarterly or at such other time as the board of managers
may determine by vote of a majority of the managers. Meetings shall be held at
the principal place of business of the Company or at such other place as may be
designated in the notice or waivers of notice of such meeting as determined by
the board of managers. Notice of any meeting of the board of managers shall be
given no fewer than ten (10) Business Days and no more than twenty (20) Business
Days prior to the date of the meeting. The attendance of a manager at any
meeting shall constitute a waiver of notice of such meeting, except where a
manager attends a meeting for the express purpose of objecting to the
transaction of any business because the meeting is not lawfully called or
convened. Unless specifically prohibited by the Certificate or the Act, any
action required to be taken at a meeting of the board of managers, or any other
action which may be taken at a meeting of the board of managers, may be taken
without a meeting if a consent in writing, setting forth the action so taken,
shall be signed by (i) the managers having not less than the minimum number of
votes that would be necessary to authorize or take such action at a meeting if
five (5) days prior written notice of action to be taken by written consent was
delivered to all members of the board of managers or (ii) by all members of the
board of managers. Any such consent signed by the managers having not less than
the minimum number of votes that would be necessary to authorize or take such
action at a meeting shall have the same effect as if such action had been taken
at a duly called meeting of the managers and may be stated as such in any
document filed with the Secretary of State of the State of Delaware or with
anyone else. Any manager may participate in and act at any meeting through the
use of a conference telephone or other communications equipment by means of
which all persons participating in the meeting can hear and speak with each
other.

                5.3 POWERS OF THE BOARD OF MANAGERS. Without in any way limiting
the generality of the foregoing, but subject to the express provisions of this
Agreement, the board of managers shall

                                       11
<PAGE>   17

have, on behalf of the Company, all rights and powers that may be possessed by a
manager under the Act, to the extent granted by this Agreement, to manage and
administer the Company in accordance with the terms of this Agreement and to
perform all acts which it may, in its sole discretion, deem necessary or
desirable, including, but not limited to, the power to:

                        (a) Carry out all of the transactions contemplated
hereunder.

                        (b) Perform all acts, exercise all rights, and make all
decisions for and on behalf of the Company required or permitted to be taken by
the Company.

                        (c) Acquire, manage and dispose of any and all property,
real or personal, whether tangible or intangible, on behalf of the Company,
including through foreclosure or otherwise.

                        (d) Borrow money on behalf of the Company from any
Person (including, without limitation, from any Member or any Affiliate of any
Member) or cause the Company to lend money to any Person (including, without
limitation, to any Member or any Affiliate of any Member), and sell, assign,
exchange, transfer, pledge, grant a security interest in, or otherwise encumber
or dispose of, any and all of the Assets of any nature whatsoever.

                        (e) Compromise, arbitrate or otherwise adjust claims in
favor of or against the Company and initiate, prosecute and defend any
litigation relating to any Company business.

                        (f) Employ, engage, or subcontract with attorneys,
accountants, bookkeepers, underwriters, escrow agents, depositories, agents for
collection, banks, builders, and any other service provider as the board of
managers may determine to be appropriate, and to terminate the services of any
such entities, all at such time or times as the board of managers may determine.

                        (g) Negotiate, execute, deliver and perform any and all
contracts and other documents on behalf of the Company, including, but not
limited to, promissory notes, security agreements, contracts of purchase and
sale, deeds and assignments, and to take any and all other action, as the board
of managers deems appropriate, to effectuate any such transaction.

                        (h) Acquire and enter into any contract of insurance for
the Company that the board of managers deems necessary and proper for the
protection of the Company, either for the conservation of its Assets or for any
purpose convenient or beneficial to the Company.

                        (i) With reasonable notice and at a mutually agreed time
during regular business hours, to examine the Company's financial records,
including any NOC financial records in the possession of the Company, and
discuss the Company's accounting practices with its independent public
accountants.

                                       12
<PAGE>   18

                5.4 DUTIES AND OBLIGATIONS OF THE BOARD OF MANAGERS.

                        (a) The board of managers shall take all reasonable
action that may be necessary or appropriate for the continuation of the
Company's valid existence as a limited liability company under the laws of the
State of Delaware and of each other jurisdiction in which such existence is
necessary to protect the limited liability of the Members or to enable the
Company to conduct the business in which it is engaged.

                        (b) The board of managers shall use its best efforts to
at all times conduct the affairs of the Company and its Affiliates in such a
manner that the Members shall limit their liability with respect to any Company
liability or obligation to their respective Capital Contributions.

                5.5 NO COMPENSATION FOR THE BOARD OF MANAGERS. No manager shall
receive from the Company any cash or other compensation for the services he/she
shall provide to the Company for his/her services as manager under this
Agreement.

                5.6 REIMBURSEMENT OF EXPENSES. Notwithstanding SECTION 5.5
above, each manager shall be entitled to reimbursement from the Company for the
reasonable expenses that he/she pays for or incurs directly on behalf of the
Company in his/her role as a manager.

                5.7 OFFICERS. The officers of the Company shall consist of
Robert S. Grimes as President, Ariel Amir as Secretary, a Chief Executive
Officer to be appointed by the board of managers and such other officers as may
be designated by the board of managers. The officers shall be appointed by, and
shall exercise such powers and perform such duties as are prescribed by, the
board of managers. Each officer shall hold office for the term for which he or
she is appointed and until his or her successors are elected and qualified. The
Company may compensate each officer for such officer's services in such amounts
as are determined by the board of managers in its sole and absolute discretion.
The board of managers may remove any officer at any time, with or without cause.

                    VI. POWERS AND WARRANTIES OF THE MEMBERS;
                            ADMISSION OF NEW MEMBERS

                6.1 POWERS OF THE MEMBERS. Except as expressly provided in this
Agreement, the Members shall take no part in the management of the business or
transact any business for the Company and shall have no power to sign for or
bind the Company solely in their capacity as Members; provided, however, that
the Members shall have the approval and consent rights provided under the Act
and this Agreement.

                6.2 MEETINGS OF MEMBERS. A meeting of the Members may be called
by (i) the holders of at least thirty-three percent (33%) of the Units, except
as otherwise provided by the Act,

                                       13
<PAGE>   19

(ii) a majority of the managers, (iii) the President of the Company or (iv) two
(2) or more Original Eligible Owners who in the aggregate own at least twenty
(20%) percent of the Units. Meetings shall be held at the principal place of
business of the Company or at such other place as may be designated in the
notice or waivers of notice of such meeting as determined by the Members. Notice
of any meeting of the Members shall be given no fewer than ten (10) Business
Days and no more than twenty (20) Business Days prior to the date of the
meeting. The attendance of any Member at any meeting shall constitute a waiver
of notice of such meeting, except where such Member attends a meeting for the
express purpose of objecting to the transaction of any business because the
meeting is not lawfully called or convened. Unless specifically prohibited by
the Certificate or the Act, any action required to be taken at a meeting of the
Members, or any other action which may be taken at a meeting of the Members, may
be taken without a meeting if a consent in writing, setting forth the action so
taken, shall be signed by (i) holders of Units having not less than the minimum
number of votes that would be necessary to authorize or take such action at a
meeting at which the holders of all the Interests were present and voting if
five (5) days prior written notice of action to be taken was delivered to all
Members or (ii) by all of the Members. Any such consent shall have the same
effect as if such action had been taken at a duly called meeting of the Members
and may be stated as such in any document filed with the Secretary of State of
the State of Delaware or with anyone else. Any Member may participate in and act
at any meeting through the use of a conference telephone or other communications
equipment by means of which all persons participating in the meeting can hear
each other.

                6.3 EXAMINATION OF COMPANY RECORDS. Each Member or its
representative may, during regular business hours, examine and copy (at such
Member's expense) the minutes of the meetings of Members or the board of
managers and the list of Members (where such records are maintained) of the
Company.

                6.4 ADMISSION OF NEW MEMBERS. Except as provided in Section
4.1(b)(ii) hereof, the Company, with the approval of the board of managers may,
admit additional Persons to the Company as Members from time to time and create
and sell and issue Units to those Persons without approval of the existing
Members. Any new Member, prior to its admission as a Member, shall be required
to execute this Agreement or a counterpart to this Agreement, which evidences
such new Member's agreement to be bound to the terms and conditions of this
Agreement.

                                       14
<PAGE>   20

            VII. RIGHTS AND RESTRICTIONS ON TRANSFERS BY THE MEMBERS

                7.1 RESTRICTIONS ON TRANSFERS GENERALLY. Each Member hereby
agrees that such Member shall not, and shall not permit any of its Affiliates
to, directly or indirectly, sell, transfer or otherwise dispose of all or any
part of its Units except: (i) pursuant to the terms and conditions of this
Article VII; (ii) pursuant to an exemption from registration under the
Securities Act and any state securities or blue sky laws; (iii) if the
transferee agrees in writing to be bound by the terms hereof and be deemed to be
a Member under this Agreement; (iv) after the third anniversary of the date of
this Agreement, provided, however, that prior thereto a Member may transfer all
or any part of its Units by offering its Units to each other Member on a
pro-rata basis, based on the percentage of Units owned by each Member electing
to participate in the purchase of such Units; and (v) if to any Person or
Affiliate of any Person that is in competition with ABT, the Company or any
Affiliate of ABT or the Company, with the written consent of ABT.

                7.2 RIGHT OF FIRST OFFER.

                        (a) If a Member desires to sell, transfer or otherwise
dispose of any of its Units (other than to an Affiliate thereof), the Member
(the "SELLER") shall first deliver a written notice to each other Member of such
proposed sale, transfer or other disposition (the "FIRST OFFER NOTICE"). The
First Offer Notice shall contain (i) the proposed purchase price, (ii) the
number of Units proposed to be sold or transferred and (iii) the terms of
payment and other material terms and conditions of the Seller's offer.

                        (b) Each Member shall have the right, exercisable upon
written notice to the Seller within fifteen (15) days after receipt of the First
Offer Notice, to either: (i) purchase, on the terms and conditions as set forth
in the First Offer Notice all, but not less than all, of the Units that is the
subject of the First Offer Notice on a pro rata basis based on the percentage of
Units owned by each Member electing to participate in the right of first offer
(the "FIRST PURCHASE RIGHT") or (ii) notify the Seller in writing of a price per
share (the "MEMBER STATED PRICE") at which such Member would be willing to
purchase the number of Units specified in the First Offer Notice on the terms
and conditions as set forth in the First Offer Notice other than price (the
"ALTERNATIVE MEMBER OFFER") at the Member Stated Price included in such
Alternative Member Offer. Each Member electing to exercise the First Purchase
Right shall notify the Seller in writing of such election (the "NOTICE OF FIRST
OFFER ACCEPTANCE") and shall complete the First Purchase Right within sixty (60)
days after delivery of the Notice of First Offer Acceptance.

                        (c) If no Member elects to exercise the First Purchase
Right pursuant to Section 7.2(b) above, the Seller may, not later than one
hundred twenty (120) days following the expiration of the Members' First
Purchase Rights, transfer the Units that were the subject of the First Offer

                                       15
<PAGE>   21

Notice on substantially the same terms and conditions as those described in the
First Offer Notice other than price to either (i) the Member that delivered the
Alternative Member Offer with the highest Member Stated Price (an "ALTERNATIVE
MEMBER OFFER SALE") at the Member Stated Price included in such Alternative
Member Offer or (ii) to a third party at a price per share that is at least ten
percent (10%) greater than the highest Member Stated Price, if any (a "PERMITTED
THIRD PARTY SALE"); provided, however, that ABT and its Affiliates must also
comply with the terms of Section 7.3 before transferring Units pursuant to a
Permitted Third Party Sale. Any proposed transfer on terms and conditions
materially different or at a lower price than one hundred ten percent (110%) of
the highest Member Stated Price, as well as any proposed transfer more than one
hundred twenty (120) days following the expiration of the First Purchase Right,
shall again be subject to the First Purchase Right of the other Members as set
forth in this Section 7.2 and shall require compliance with the procedures as
described in this Section 7.2.

                7.3 TAG ALONG RIGHT.

                        (a) If a Permitted Third Party Sale would cause ABT and
its Affiliates (the "SELLING MEMBER") collectively to own less than a Majority
in Interest, then prior to transferring such Units pursuant to such Permitted
Third Party Sale, the Selling Member shall notify each other Member in writing
(the "TAG ALONG NOTICE") of such proposed transfer identifying (i) the name and
address of the proposed buyer and (ii) the proposed purchase price, the terms of
payment and other material terms and conditions of the proposed buyer's offer.
Within fifteen (15) days of receipt of a Tag Along Notice, each Member shall
notify (the "TAG ALONG ELECTION NOTICE") the Selling Member if it elects to
participate in such transfer (the "TAG ALONG RIGHT") and shall state the number
of its Units that such Member desires to sell. Each Member electing to
participate in the Tag Along Right (a "TAG ALONG MEMBER") may elect to sell up
to such number of Units as is equal to the total number of Units held by such
Tag Along Member multiplied by a fraction, the numerator of which shall be the
number of Units proposed to be sold by such Selling Member and the denominator
of which shall be the aggregate number of Units held by such Selling Member.
Each Tag Along Member shall have the right and be obligated to (i) sell to the
proposed buyer, at the same price and on the same terms as the Selling Member,
the number of Units stated in its Tag Along Election Notice and (ii) enter into
a purchase agreement substantially similar in form and substance to the purchase
agreement the Selling Member executes. The number of Units that the Selling
Member may sell will be reduced by the number of Units sold b(a)aby the Tag
Along Members.

                        (b) In the event that the proposed buyer does not
purchase the portion of the Units that the Tag Along Member elects to sell
pursuant to the foregoing on the same terms and conditions as the Units
purchased from the Selling Member, then the Selling Member shall not be
permitted to sell any Units to the proposed buyer. If no Tag Along Election
Notice is received within fifteen (15) days of the receipt of the Tag Along
Notice, the Selling Member shall have the right for a period of one hundred
twenty (120) days thereafter to transfer the Units to the proposed buyer on
terms and conditions no more favorable to the Selling Member than those stated
in the Tag Along Notice.

                                       16
<PAGE>   22

                7.4 DRAG ALONG RIGHT.

                        (a) If ABT and its Affiliates propose to sell in a bona
fide arm's length Permitted Third Party Sale or an Alternative Member Offer Sale
all Units collectively owned by ABT and its Affiliates (the "TRANSFERRING
MEMBER") to any Person or Persons who are not Affiliates of ABT and in which ABT
does not have a five (5%) percent or greater equity interest in (the "PROPOSED
TRANSFEREE"), the Transferring Member shall have the right (the "DRAG ALONG
RIGHT"), subject to applicable law and compliance with any other restrictions
applicable to such transfer, to require all Members to sell all Units then held
by the other Members to the Proposed Transferee, on the same terms and
conditions as are applicable to the Transferring Member.

                        (b) The Drag Along Right may be exercised only after the
third anniversary of this Agreement, and if prior to the Expiration Date, only
with the written consent of a majority of Non-ABT Units.

                        (c) To exercise a Drag Along Right, the Transferring
Member shall give each Member (each, a "DRAG ALONG MEMBER"), at least fifteen
(15) days prior to the proposed transfer to the Proposed Transferee, a written
notice (the "DRAG ALONG NOTICE") containing (i) the name and address of the
Proposed Transferee and (ii) the proposed purchase price, the terms of payment
and other material terms and conditions of the Proposed Transferee's offer. Each
Drag Along Member shall thereafter be obligated to (i) sell to the Proposed
Transferee all Units owned by such Drag Along Member and (ii) enter into a
purchase agreement on the same economic terms and substantially similar in form
and substance to the purchase agreement the Transferring Member executes;
provided, however, that in no event shall the purchase agreement provide for an
indemnity payable by a Drag Along Member greater than the proceeds received by
that Drag Along Member from the Proposed Transferee. If the sale is not
consummated within a period of one hundred twenty (120) days following the date
of the Drag Along Notice, then each Drag Along Member shall no longer be
obligated to sell such Member's Units pursuant to such Drag Along Right but
shall remain subject to the provisions of this Section 7.4 with respect to any
subsequent proposed transfer described in this Section 7.4.

                7.5 TRANSFERS TO AFFILIATES. Notwithstanding anything to the
contrary contained in this ARTICLE VII, any Member ("TRANSFEROR") may transfer
any or all of its Units to an Affiliate (each a "PERMITTED TRANSFEREE"),
provided, however, that in each case such transfer shall be subject to the
Transferor and Permitted Transferee agreeing in writing, for the benefit of the
Company and the other Members (who shall be third party beneficiaries of such
agreement) that the Transferor will repurchase such Units in the event such
Permitted Transferee ceases to be an Affiliate; and provided, further, that the
Permitted Transferee may only transfer its Units to the Transferor from whom it
received such Units or any of such Transferor's Permitted Transferees or
otherwise in accordance with the terms hereof.

                                       17
<PAGE>   23

                7.6 TRANSFER BY ABT TO PON. Notwithstanding anything to the
contrary contained in this ARTICLE VII, ABT may transfer up to 1,300 Units to
Pon within six (6) months after the date of this Agreement.

                7.7 TRANSFEREES SUBJECT TO AGREEMENT. Any transferor of any
Units shall, as a condition of the consummation of such transfer, sale or other
disposition, require the transferee to agree in writing to be subject to and
bound by the terms of this Agreement as a Member under this Agreement (it being
understood that the transferee shall be subject to the obligations of the
transferor but shall not be entitled to the rights of the transferor unless the
transferor expressly assigns such rights and, with respect to which, if
assigned, the transferor shall cease to be entitled, to the extent of such
assignment). Any transfer made in violation of this Section 7.7 shall be null
and void.

                7.8 EXCHANGE RIGHTS.

                        (a) ABT shall have the right to exchange shares of its
common stock or pay cash, or any combination thereof, for all or any portion of
the Units held by any Member that is not an Original Eligible Owner (the
"EXCHANGE RIGHTS"); provided, however, that within one hundred twenty (120) days
of the Exchange Rights Notice (as defined below), ABT shall file a registration
statement with the United States Securities and Exchange Commission (the "SEC")
to register under the Securities Act any ABT common stock that has been
exchanged pursuant to this Section 7.8. The Company will use its commercially
reasonable best efforts to have such registration statement declared effective
by the SEC as soon thereafter as possible. The Exchange Rights may be exercised
multiple times with respect to the Units of one or more Members, but may not be
exercised prior to the second anniversary date of the effective date of this
Agreement.

                        (b) To exercise any Exchange Rights, ABT shall give the
relevant Member (each an "EXCHANGE RIGHTS MEMBER") a written notice of ABT's
exercise of the Exchange Rights (the "EXCHANGE RIGHTS NOTICE") stating (i) the
Fair Market Value of the Units of the Exchange Rights and (ii) the number of
shares of ABT common stock and/or the amount of cash to be paid. The value of
ABT common stock shall be based on the ten (10) day average price of ABT common
stock as quoted on NASDAQ immediately prior to the date of delivery of the
Exchange Rights Notice.

                                       18
<PAGE>   24

                7.9 PARTICIPATION RIGHTS.

                        (a) Except with respect to (i) a registration relating
solely to employee benefit plans, (ii) a registration relating solely to a
transaction pursuant to Rule 145 of the Securities Act, or (iii) an initial
public offering, if at any time the Company determines to register under the
Securities Act any of its Units in an offering in the United States or any
jurisdiction in Europe and if at such time any Member is not able to transfer or
sell its Units without registration by the Company due to restrictions placed on
such transfer or sale by the securities laws of that jurisdiction (a "Restricted
Member"), the Company will:

                                (i) give each Restricted Member 20 days prior
written notice of such registration (a "Registration Notice"); and

                                (ii) include in such registration (and any
related qualification under blue sky laws or other compliance requirement), and
in any underwriting involved therein, all the Units specified in a written
request received by the Company within 15 days after the Company's delivery of
the Registration Notice.

                        (b) If the registration of which the Company gives
notice is for an offering involving an underwriting, the Company shall so advise
the Restricted Members as part of the Registration Notice. In such event, the
right of any Restricted Member to participate in the registration will be
conditioned upon the Restricted Member's participation in such underwriting and
the inclusion of such Restricted Member's Units in the underwriting to the
extent provided herein. All Restricted Members proposing to distribute their
securities through such underwriting shall (together with the Company) enter
into an underwriting agreement in customary form with the managing underwriter
selected by the Company; provided, however, that in no event shall the
underwriting agreement provide for an indemnity payable by a Restricted Member
greater than the proceeds received by that Restricted Member from the offering.

                        (c) Notwithstanding any other provision of this Section
7.9, if the managing underwriter determines that marketing factors require
limitation of the number of Units to be underwritten, the managing underwriter
may exclude some or all Units requested to be included in such registration by
the Restricted Members. In the event the managing underwriter determines to
exclude some or all Units, the number of Units held by Restricted Members that
may be included in the registration and underwriting shall be allocated among
all Restricted Members who have requested to be included in the registration in
proportion, as nearly as practicable, to the respective amounts of Units held by
all such requesting Restricted Members at the time of the registration.

                                       19
<PAGE>   25

                7.10 PREEMPTIVE RIGHTS.

                        (a) If at any time the Company determines to issue
additional Units (or other equity interests) in the Company, exclusive of the
Company's issuance to Pon of up to six thousand seven hundred (6,700) Units at
no less than ONE THOUSAND DOLLARS ($1,000) per Unit on or prior to January 31,
2000, to any Member (the "PURCHASING MEMBER") it shall deliver a written notice
to each other Member of such proposed issuance (the "PREEMPTIVE NOTICE"). The
Preemptive Notice shall contain (i) the proposed issuance price, (ii) the total
number of Units proposed to be issued, (iii) the identity of the Purchasing
Member, and (iv) any other material terms and conditions of the issuance.

                        (b) Each other Member shall have the right, exercisable
upon written notice to the Company within fifteen (15) days after receipt of the
Preemptive Notice (the "PREEMPTIVE RIGHTS NOTICE PERIOD"), to purchase, on the
terms and conditions as set forth in the Preemptive Notice the Units (or other
equity interests) proposed to be issued on a pro rata basis based on the
percentage of Units owned by each other Member electing to participate in the
preemptive right (the "PREEMPTIVE RIGHT"). Any and all Members electing to
exercise the Preemptive Right within the Preemptive Rights Notice Period shall
enter into a purchase agreement with the Company and the Purchasing Member
within sixty (60) days following the date of the Preemptive Notice on
substantially similar terms and conditions as described in the Preemptive
Notice.

                        (c) If no other Member exercises the Preemptive Right
within the Preemptive Rights Notice Period, the Company may, not later than
sixty (60) days following expiration of the Preemptive Rights, conclude the
issuance of Units (or other equity interests) to the Purchasing Member on the
same economic terms and substantially the same terms and conditions as described
in the Preemptive Notice. Any proposed issuance of Units (or other equity
interests) to a Purchasing Member on terms and conditions materially different
from those described in the Preemptive Notice or any proposed issuance more than
sixty (60) days following the expiration of the Preemptive Right, shall again be
subject to the Preemptive Right of the other Members as set forth in this
Section 7.10 and shall require compliance with the procedures as described in
this Section 7.10.

                7.11 EXPIRATION OF RIGHTS AND RESTRICTIONS. The provisions set
forth in Article VII hereof, shall expire and be of no further force and effect
on and after the Expiration Date to the extent permitted by law, except that the
provisions of Sections 7.2, 7.3, 7.4, 7.8 and 7.9 shall survive the Expiration
Date. In addition, the rights under Sections 7.2, 7.3, 7.8, 7.9 and 7.10 shall
expire and be of no further force and effect as to each Member on the date such
Member sells, transfers or otherwise disposes, other than to an Affiliate of
such Member, of more than:

                                       20
<PAGE>   26

                        (a) twenty (20%) percent of the aggregate number of
Units it was issued, if the aggregate Capital Contribution it made was less than
$5 million;

                        (b) thirty (30%) percent of the aggregate number of
Units it was issued, if the aggregate Capital Contribution it made was $5
million or more but less than $10 million;

                        (c) forty (40%) percent of the aggregate number of Units
it was issued, if the aggregate Capital Contribution it made was $10 million or
more but less than $15 million; or

                        (d) sixty (60%) percent of the aggregate number of Units
it was issued, if the aggregate Capital Contribution it made was $15 million or
more.

                7.12 ABT OWNERSHIP. Without the prior written consent of ABT,
the Company shall not issue Units to cause ABT to own less than fifty-five
percent (55%) of all Units.

                7.13 REDEMPTION RIGHT.

                        (a) Each Original Eligible Owner may elect to redeem its
Units at the price it paid for such Units pursuant to the procedure set forth in
Section 7.13(b) if (i) there has been a change of control (as defined in Section
7.13(c)) of ABT and (ii) there has not been an IPO of the Company prior to the
third anniversary of the date of this Agreement.

                        (b) In order to exercise its redemption right described
in Section 7.13(a) above, an Original Eligible Owner must give written notice of
that election to the Company within five (5) days after the third anniversary of
the date of this Agreement. If the Company receives proper notice of an Original
Eligible Owner's election to redeem its Units, the Company shall redeem such
Units within eighteen (18) months of receiving such notice.

                        (c) As used in Section 7.13(a), a "change of control"
shall occur if more than fifty (50) percent of ABT's outstanding shares are
owned, acquired by, sold, or otherwise transferred to any person or group within
the meaning of Section 13(d) of the Securities Exchange Act of 1934, excluding
GE and any Affiliates thereof, within two years after the date of this
Agreement.

             VIII. CERTAIN REPRESENTATIONS, WARRANTIES AND COVENANTS

                8.1 MEMBER REPRESENTATION. As of the date hereof, each Member
represents, warrants and covenants as to itself to the Company as follows:

                        (a) No Other Agreement Concerning Units. It is not,
after giving effect to the transactions occurring on or as of the date hereof, a
party to any other agreement with respect

                                       21
<PAGE>   27

to the holding, voting, acquisition or disposition of any Units, except as
contemplated by this Agreement;

                        (b) Experience; Risk. It has such knowledge and
experience in financial and business matters that it is capable of evaluating
the merits and risks of the purchase of the Units pursuant to this Agreement and
of protecting its interests in connection herewith. It has the ability to bear
the economic risk of the investment, including complete loss of the investment.
It is experienced in evaluating and investing in new companies such as the
Company;

                        (c) Investment. It is acquiring the Units for its own
account, not as a nominee or agent, and not with a view to, or for resale in
connection with, any distribution thereof, and it has no present intention of
selling, granting any participation in, or otherwise distributing the same. It
understands that the Units have not been registered under the Securities Act by
reason of a specific exemption from the registration provisions of the
Securities Act which depends upon, among other things, the bona fide nature of
the investment intent and the accuracy of its representations as expressed
herein;

                        (d) Restricted Securities. It understands and
acknowledges that the Units are characterized as "restricted securities" under
United States federal securities laws inasmuch as they are being acquired from
the Company in a transaction not involving a public offering and that under such
laws and applicable regulations the Units may be resold without registration
under the Securities Act or other applicable foreign securities laws only in
certain limited circumstances. It acknowledges that the Units must be held
indefinitely unless subsequently registered under the Securities Act or other
applicable foreign securities laws or an exemption from such registration is
available;

                        (e) No Public Market. It understands and acknowledges
that no public market now exists for any of the securities issued by the Company
and that there can be no assurance that a public market will ever exist for the
Units;

                        (f) Authorization. It has the full right, power and
authority to enter into and perform its obligations under this Agreement and,
when executed and delivered by it, this Agreement will constitute its valid and
binding obligation, enforceable in accordance with its terms, subject to the
laws of general application relating to bankruptcy, insolvency and the relief of
debtors, rules of law governing specific performance, injunctive relief and
other equitable remedies;

                        (g) Government Consents. No consent, approval or
authorization of or designation, declaration or filing with any state, federal,
or any foreign governmental authority on the part of the Member is required in
connection with the valid execution and delivery of this Agreement by the
Member, and the consummation by the Member of the transactions contemplated
hereby;

                                       22
<PAGE>   28

                        (h) Legends. It is understood that each certificate
representing the Units and any securities issued in respect thereof or exchange
therefor shall bear the legends below in substantially the following form (in
addition to any legend required under applicable securities laws).

             THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
             OF 1933 (THE "ACT"). NO SALE OR DISPOSITION OF THESE SECURITIES MAY
             BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED
             THERETO OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE
             COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE ACT OR
             RECEIPT OF A NO ACTION LETTER FROM THE SECURITIES AND EXCHANGE
             COMMISSION.

             THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO, AND
             MAY BE TRANSFERRED ONLY IN COMPLIANCE WITH AN AGREEMENT AMONG THE
             COMPANY AND THE HOLDER OF THESE SECURITIES AND CERTAIN OTHER
             HOLDERS OF THE COMPANY'S SECURITIES, A COPY OF WHICH IS ON FILE AT
             THE PRINCIPAL OFFICE OF THE COMPANY.

                                (i) Accredited Investor Status. It presently
qualifies as an "accredited investor" within the meaning of Regulation D (17
C.F.R. 230.501) of the rules and regulations promulgated under the Securities
Act;

                        (j) Brokers or Finders. It has not incurred, and will
not incur, directly or indirectly, any liability for brokerage or finders' fees
or agents' commissions or any similar charges in connection with this Agreement
or any transaction contemplated hereby;

                        (k) Market Standoff. It agrees that if so requested by
the Company or any representative of the underwriters in connection with
registration of the initial public offering or any secondary offering of any
securities of the Company under the Securities Act or under applicable foreign
securities laws, it shall not sell or otherwise transfer any Units or other
securities of the Company during the 180 day period following the effective date
of such registration statement or other applicable document so long as at least
ninety percent (90%) of all non-ABT Members are similarly restricted. The
Company may impose stop transfer instructions with respect to securities subject
to the foregoing restrictions until the end of such 180 day period; and

                        (l) Access to Information. It has had the opportunity to
ask questions of, and to receive answers from, appropriate executive officers of
the Company with respect to the terms and conditions of the transactions
contemplated hereby and with respect to the business, affairs, financial
condition and results of operations of the Company. It has had access to such
financial and other information as is necessary in order for it to make a fully
informed decision as to investment

                                       23
<PAGE>   29

in the Company, and has had the opportunity to obtain any additional information
necessary to verify any of such information to which it has had access;

                8.2 COMPANY REPRESENTATION. As of the date hereof, the Company
represents, warrants and covenants to each Member as follows:

                        (a) No Other Agreement Concerning Units. Except for this
Agreement, the Company is not a party to any other agreement with respect to the
holding, voting, acquisition or disposition of any Units;

                        (b) Valid Issuance. The Units when issued in accordance
with the provisions of this Agreement will be validly issued, fully paid and
nonassessable Units of the Company; provided, however, that such Units may be
subject to restrictions on transfer under United States' state and/or federal
securities laws or other foreign securities laws as set forth herein;

                        (c) Governmental Consent, etc. No consent, approval or
authorization of or designation, declaration or filing with any state or federal
governmental authority on the part of the Company is required in connection with
the valid offer, sale or issuance of the Units, except the qualification under
the California Corporate Securities Law or other applicable state securities
laws, of the offer and sale of the Units, which filing and qualification, if
required, will be effected in a timely manner

                        (d) Brokers and Finders. The Company has not incurred,
and will not incur, directly or indirectly, any liability for brokerage or
finders' fees or agents' commissions or any similar charges in connection with
this Agreement or any transactions contemplated hereby;

                        (e) Authorization. The Company has the full right, power
and authority to enter into and perform its obligations under this Agreement
and, when executed and delivered by it, this Agreement will constitute its valid
and binding obligation, enforceable in accordance with its terms, subject to the
laws of general application relating to bankruptcy, insolvency and the relief of
debtors, rules of law governing specific performance, injunctive relief and
other equitable remedies;

                        (f) Financial Statements. The Company shall maintain,
for each quarter and each fiscal year, statements of income, stockholder's
equity, cash flow and balance sheets of the Company setting forth, in each case,
in comparative form, corresponding consolidated figures from the preceding
fiscal year or corresponding quarter of the preceding fiscal year, as
applicable, all in accordance with generally accepted accounting principles
("GAAP"); and

                        (g) No Conflicts. Neither the execution and delivery by
the Company of this Agreement nor the consummation of the transactions
contemplated hereby will conflict with or

                                       24
<PAGE>   30

result in a breach in any material respect of any agreement or instrument to
which the Company is a party.

                        (h) Legal Opinion. There shall have been delivered to
each Original Eligible Owner an opinion of Paul, Hastings, Janofsky & Walker
LLP, counsel to the Company, in substantially the form attached hereto as
Exhibit 2.

                        (i) Compliance with Law and Regulation. The Company is
and will continue to be in compliance with all applicable laws, statutes,
ordinances, regulations, rules, and other requirements imposed by any United
States federal, state, or local governmental authority ("Governmental
Authority") which could have a material adverse affect on the Company. The
Company has not received any written notice to the effect, or has otherwise been
advised, that it is not in compliance with any of such laws, statutes,
ordinances, regulations, rules or other requirements imposed by an Governmental
Authority.

                8.3 NON-SOLICITATION; NON-HIRE. Each Member other than ABT, for
so long as such Member holds the largest equity interest in any NOC and for one
year thereafter, agrees not to directly or indirectly, on its own behalf or on
behalf of or in conjunction with any Person, recruit, solicit, or induce or
attempt to recruit, solicit, hire or induce any employee of the Company, ABT,
any NOC or any subsidiary of the Company, ABT or any NOC (or any Person who was
an employee of the Company, ABT, any NOC or any subsidiary of the Company, ABT
or any NOC within twelve (12) months of the date of solicitation) to become
employed by or to be engaged in a business which is competitive or may be
competitive with the Company, ABT, any NOC or any subsidiary of the Company, ABT
or any NOC.

                8.4 DISCLOSURE OF MEMBER IDENTITY. The Company and the Members
will not disclose the terms and conditions of each Member's investment in the
Company without the prior written consent of the affected Member; provided,
however, that the Company and any Member may disclose (i) the name of each
Member to the public, (ii) the terms and conditions of any Member's investment
in the Company to its Affiliates or any other potential Member, and (iii) any
information to the extent required by law.

                8.5 ANNUAL BUDGET. By December 31 of each year, the Chief
Executive Officer of the Company shall propose and the board of managers shall
approve an annual budget detailing the expenses of the Company for the following
year.

                8.6 IPO INTENT. The Members and the Company currently
contemplate that it is in the best interest of the Company to have an IPO of the
equity of the Company within the next three (3) years, and the parties agree in
good faith to consider proposals for such IPO.

                                       25
<PAGE>   31

                8.7 INSURANCE. The Company shall maintain insurance covering
actions and omissions by the officers and directors of the Company pursuant to
customary terms approved by the board of managers, to the extent such insurance
is available to the Company.

                8.8 RIGHT TO OFFER PRODUCTS AND SERVICES TO NOCS.

                        (a) The Company shall include a provision in each
license agreement or other agreement between the Company and each NOC (other
than NOCs in the United Kingdom, Sweden, Norway, Denmark and Finland in respect
to which the Company shall use commercially reasonable efforts to accomplish the
following) that each Original Eligible Owner will have the right to offer
automotive-related products and services on the website of each NOC, on a
nonexclusive arm's length commercial basis provided that:

                                (i) the entity selling such products or services
is an Original Eligible Owner or a bona fide Affiliate thereof;

                                (ii) an Original Eligible Owner may nominate
only one entity to offer such products and services per country or territory for
such preferred access;

                                (iii) the offered products or services will not
include the sale or lease of new or used vehicles or detract from the
functionality or user friendliness of the website; and

                                (iv) the terms and conditions for each NOC will
be substantially the same as those offered other entities providing similar
products or services on such NOC website.

                        (b) Should the Company either directly or indirectly
(other than through NOCs) operate websites in Europe, then each Original
Eligible Owner will have the right to offer automotive-related products and
services on such websites pursuant to the terms and conditions set out in
SECTION 8.8(A) above.

                                IX. DISTRIBUTIONS

                9.1 DISTRIBUTIONS. Except as provided in SECTION 14.3 hereof, in
connection with the dissolution and liquidation of the Company, the Company
shall make distributions to the Members, in accordance with, and in proportion
to, their respective Ownership Percentages, out of the available net cash flow
(after the establishment of reserves under SECTION 9.2 hereof) within three (3)
months after the end of each calendar year, unless the board of managers
determines, in its sole and absolute discretion, otherwise. Notwithstanding
anything in this Agreement to the contrary, neither the Company nor any person
on behalf of the Company shall make any distributions except to the extent
permitted under the Act or other applicable law.

                                       26
<PAGE>   32

                9.2 ESTABLISHMENT OF RESERVES. Notwithstanding anything to the
contrary in SECTION 9.1 hereof, the board of managers may retain an amount of
cash it deems reasonably necessary to satisfy the obligations of the Company on
an annual net operating basis including, without limitation, debt payments,
legal fees and expenses, audit costs and unforeseen contingencies. Other Company
funds that the board of managers determines are not needed for Company reserves
or operations shall be distributed to the Members from time to time in the board
of managers' sole and absolute discretion in accordance with SECTION 9.1 hereof.

                9.3 LIQUIDATING DISTRIBUTIONS. Notwithstanding SECTIONS 9.1 and
9.2 hereof, cash or other property of the Company available for distribution
upon the dissolution and liquidation of the Company (including cash received
upon the sale or other disposition of the Assets in anticipation of
liquidation), shall be distributed as provided in accordance with the provisions
of SECTION 14.3 hereof.

                 X. MAINTENANCE OF CAPITAL ACCOUNTS; ALLOCATIONS

                10.1 ALLOCATIONS OF PROFIT OR LOSS.

                        (a) Profit. The Company shall establish for each Member
on the books of the Company a Capital Account. For each Fiscal Year or portion
thereof, Profit shall be allocated among the Members (after giving effect to the
allocations contained in Sections 10.2 and 10.3) first in the proportion and to
the extent that Losses have been allocated to the Members pursuant to Section
10.1(b)(i); and thereafter to the Members in accordance with their respective
Ownership Percentages.

                        (b) Losses. The Company shall allocate Losses.

                                (i) first, to the Members, other than ABT, to
the extent of and in accordance with their respective positive Capital Account
balance; and

                                (ii) thereafter, to the Members in accordance
with their respective Ownership Percentages.

                        (c) Notwithstanding the foregoing, except in connection
with a sale or disposition of the ABT Contribution, any Profit or Loss
attributable to any appreciation or depreciation in the ABT Contribution shall
be allocated to ABT; provided, however, that for purposes of this Section
10.1(c), a disposition or sale of the ABT Contribution shall not include an
assignment of any such Assets to ABT.

                                       27
<PAGE>   33

                10.2 TAX ALLOCATIONS; CERTAIN BOOK/TAX DIFFERENCES.

                        (a) All items of income, gain, loss, deduction and
credit shall be allocated in the manner that the corresponding item of Profit or
Loss was allocated pursuant to Section 10.1.

                        (b) In accordance with Section 704(c) of the Code and
the applicable Treasury Regulations thereunder, income, gain, loss, deduction
and tax depreciation with respect to any Asset contributed to the capital of the
Company or otherwise revalued on the books of the Company shall, solely for
income tax purposes, be allocated among the Members so as to take into account
any variation between the adjusted tax basis of such property to the Company and
the fair market value of such property as determined at the time of the
contribution or revaluation. In addition, the board of managers, in its sole
discretion, may make, or not make, "curative" or "remedial" allocations (within
the meaning of the Treasury Regulations under Section 704(c) of the Code) in any
manner that reasonably reflects the purpose and intention of this Agreement,
including (i) "curative" allocations which offset the effect of the "ceiling
rule" for a prior taxable year (within the meaning of Treasury Regulation
Section 1.704-3(c)(3)(ii)) and (ii) "curative" allocations from the disposition
of contributed property (within the meaning of Treasury Regulation Section
1.704-3(c)(3)(iii)(B)). The foregoing allocations made pursuant to this Section
10.2(b) shall be as determined by the board of managers in accordance with any
permissible method under Section 704(c) of the Code and any applicable Treasury
Regulations thereunder.

                10.3 SPECIAL ALLOCATIONS. The following special allocations
shall be made in the following order of priority:

                        (a) Minimum Gain Chargeback. Except as otherwise
provided in Treasury Regulations Section 1.704-2(f), notwithstanding any other
provision of this Article X, if there is a net decrease in Company Minimum Gain
during any Fiscal Year, each Member shall be specially allocated items of
Company income and gain for such period in proportion to and to the extent of an
amount equal to the portion of such Member's share of the net decrease in
Company Minimum Gain, determined in accordance with Treasury Regulations
Sections 1.704-2(f) and 2(g). The items so allocated shall be determined in
accordance with Treasury Regulation Sections 1.704-2(f)(6) and 1.704-2(j)(2).
This Section 10.3(a) is intended to comply with the minimum gain chargeback
requirement in Treasury Regulation Section 1.704(f) and shall be interpreted
consistently therewith.

                        (b) Qualified Income Offset. If any Member unexpectedly
receives an adjustment, allocation or distribution described in Treasury
Regulation Section 1.704-l(b)(2)(ii)(d)(4), (5) or (6), items of Company income
and gain shall be specially allocated to such Member in an amount and manner
sufficient to eliminate, to the extent required by Treasury Regulation Section
1.704-1(b)(2)(ii)(d), the Adjusted Capital Account Deficit of such Member as
quickly as possible, provided that an allocation pursuant to this Section
10.3(b) shall be made only

                                       28
<PAGE>   34

if and to the extent that such Member would have an Adjusted Capital Account
Deficit after all other allocations provided for in this Article X have been
tentatively made as if this Section 10.3(b) were not in this Agreement. This
Section 10.3(b) is intended to comply with the "qualified income offset"
provision of such Treasury Regulation Section and shall be interpreted
consistent therewith.

                        (c) Special Income Allocation. In the event any Member
has a deficit Capital Account balance at the end of any Fiscal Year or portion
thereof that is in excess of the amount such Member is obligated to restore
pursuant to Treasury Regulations Sections 1.704-2(g) and 1.704-2(i)(5), each
such Member shall be specially allocated items of Company income and gain in the
amount of such excess as quickly as possible, provided that an allocation
pursuant to this Section 10.3(c) shall be made only if and to the extent that
such Member would have an Adjusted Capital Account Deficit after all other
allocations provided for in this Agreement have been tentatively made as if this
Section 10.3(c) were not in this Agreement.

                        (d) Nonrecourse Deductions. Nonrecourse Deductions for
any Fiscal Year or portion thereof in respect of an Asset shall be allocated (as
nearly as possible) under Treasury Regulation Section 1.704-2 among the Members
in accordance with their relative Ownership Percentages in the case of
Nonrecourse Deductions in respect of an Asset.

                        (e) Member Nonrecourse Deductions. Any Member
Nonrecourse Deductions for any Fiscal Year or other period shall be allocated to
the Member that potentially bears an economic risk of loss with respect to the
Member Nonrecourse Debt to which such Member Nonrecourse Deductions are
attributable in accordance with the principles set forth in Treasury Regulation
Section 1.704-2(i).

                        (f) Member Minimum Gain Chargeback. Except as otherwise
provided in Treasury Regulation Section 1.704-2(i), if there is a net decrease
in Member Nonrecourse Debt Minimum Gain attributable to a Member Nonrecourse
Debt during any Fiscal Year or portion thereof, each Member who has a share of
the Member Nonrecourse Debt Minimum Gain attributable to such Member Nonrecourse
Debt, determined in accordance with Treasury Regulation Section 1.704-2(i)(5),
shall be specially allocated items of Company income and gain for such Fiscal
Year (and if necessary, subsequent Fiscal Years) in an amount equal to such
Member's share of the net decrease in Member Nonrecourse Debt, determined in
accordance with Treasury Regulations Section 1.704-2(i)(4). Allocations pursuant
to the previous sentence shall be made in proportion to the respective amounts
required to be allocated to each Member pursuant thereto. The items to be so
allocated shall be determined in accordance with Treasury Regulations Sections
1.704-2(i)(4) and 1.704-2(j)(2). This Section 10.3(f) is intended to comply with
the minimum gain chargeback requirement in Treasury Regulation Section
1.704-2(i)(4) and shall be interpreted consistently therewith.

                                       29
<PAGE>   35

                10.4 ALLOCATIONS UPON TRANSFER OF UNITS IN THE COMPANY. In the
event of a transfer of any Units in the Company permitted under this Agreement,
all items of income, gain, loss, deduction and credit for the Fiscal Year in
which the transfer occurs shall be allocated for Federal income tax purposes
between the transferor and the transferee on the basis of the ownership of the
Units at the time the particular item is taken into account by the Company for
Federal income tax purposes, except to the extent otherwise required by law.
Distributions made on or after the effective date of transfer shall be made to
the transferee, regardless of when such distributions accrued on the books of
the Company. The effective date of the transfer shall be (a) in the case of a
voluntary transfer, the actual date the transfer is recorded on the books of the
Company, or (b) in the case of an involuntary transfer, the date of the
operative event.

                      XI. ACCOUNTING PROCEDURE; TAX MATTERS

                11.1 FISCAL YEAR. The fiscal year of the Company shall begin on
January 1 and shall end on December 31 of each year.

                11.2 BOOKS OF ACCOUNT. At all times during the existence and
continuance of the Company, the board of managers shall cause to be kept
accurate, complete, and proper books, records, and accounts pertaining to the
Company's affairs, including: (a) a list of all Members and their Capital
Contributions, Units, Ownership Percentages, and Capital Accounts, (b) a copy of
the Certificate and all amendments thereto and all powers of attorney pursuant
to which any Certificate has been executed, (c) an original copy of this
Agreement and all amendments thereto, (d) copies of the Company's federal, state
and local tax returns and financial statements, and (e) the Company's books and
records. Such books and records shall be kept on the accrual basis of accounting
in conformity with generally accepted accounting principles. The method of
accounting followed by the Company for Federal income tax purposes shall be the
accrual method. All books, records, and accounts of the Company shall be kept at
its principal office or at such other office as the board of managers may
designate for such purpose.

                                       30
<PAGE>   36

                11.3 PREPARATION AND FILING OF INCOME TAX RETURNS AND OTHER
WRITINGS.

                ABT shall cause the preparation and timely filing of all Company
tax returns, shall on behalf of the Company make such tax elections (including,
without limitation, any election under Section 754 of the Code, which Section
754 election may be made in the Tax Matters Partners' discretion, upon the
written request of any Member), determinations, and allocations which he, in his
sole and absolute discretion, deems to be appropriate, and shall timely make all
other filings required by any governmental authority having jurisdiction to
require such filing, the cost of which shall be borne by the Company. ABT will
furnish copies of such returns to each Member. ABT shall also cause to be
delivered to the Members, within ninety (90) days after the expiration of each
tax year of the Company, a Form K-1 prepared by the Company or the Company's
accountant. This form shall show the allocation of Profit or Loss of the Company
for Federal income tax purposes, including all separately stated items, to each
Member. No election shall be made by the Company or any Member to be excluded
from the application of the provisions of subchapter K of the Code or from any
similar provision of state and local tax laws.

                11.4 CONTROVERSIES WITH THE INTERNAL REVENUE SERVICE. In the
event of any controversy with the Internal Revenue Service or any other taxing
authority involving the Company or any individual Member or Members, the outcome
of which may adversely affect the Company, directly or indirectly, or the amount
of the allocation of income, gain, loss, deduction, or credit of the Company to
such Member, the Company may, at its option, incur expenses it deems necessary
or advisable in the interest of the Company in connection with any such
controversy, including, without limitation, reasonable attorneys' and
accountants' fees. ABT is hereby designated by the Members as the "TAX MATTERS
PARTNER" of the Company as defined in Section 6231(a)(7) of the Code and in such
capacity shall represent the Company in any disputes, controversies or
proceedings with the Internal Revenue Service. The Company will promptly send to
each Member a copy of all correspondence sent to or received from the Internal
Revenue Service by the Company.

                XII. LIMITATIONS ON LIABILITIES; INDEMNIFICATION;
                         RIGHT TO CONDUCT OTHER BUSINESS

                12.1 LIABILITY OF MEMBERS. The operating or other losses of the
Company shall be solely the liability of the Company, and no Member shall be
obligated personally for any such operating or other loss solely by reason of
being a Member. In no event shall the liability of a Member exceed, in the
aggregate, the amount of its Capital Contributions and no creditors shall have
the right to attach or garnish or compel the contribution by any Member of any
additional sums of capital.

                                       31
<PAGE>   37

                12.2 INDEMNIFICATION. The Company shall, to the fullest extent
permitted by applicable law, indemnify and hold harmless, the board of managers,
and any manager thereof, any Observer, any Authorized Person and agent, officer,
representative and employee thereof or Person who is deemed to control either
the board of managers or an Authorized Person (hereinafter collectively referred
to as the "INDEMNITEES") from and against any losses, claims, damages,
liabilities or actions, joint or several, to which such Indemnitees may be
subject by virtue of any act performed by such Indemnitee, or omitted to be
performed by any such Indemnitee, in connection with the business of the Company
or its formation and shall reimburse each such Indemnitee for any legal or other
expenses reasonably incurred by such Person in connection with investigating,
defending or preparing to defend any such loss, claim, damage, liability or
action; provided, however, that the Company shall not be liable to any
Indemnitee to the extent that in the final non-appealable judgment of a court of
competent jurisdiction such loss, claim, damage, liability or action is found to
arise from such Indemnitee's gross negligence or willful misconduct. Expenses
incurred by an Indemnitee in defending a civil or criminal action, suit or
proceeding arising out of or in connection with this Agreement or the Company's
business or affairs shall be paid by the Company in advance of the final
disposition of such action, suit or proceeding upon receipt of an undertaking by
the Indemnitee to repay such amount plus reasonable interest in the event that
it shall ultimately be determined that the Indemnitee was not entitled to be
indemnified by the Company in connection with such action. The foregoing rights
of indemnification shall not be exclusive of any other rights to which such
Indemnitee may be entitled. No amendment of this Agreement shall limit or
eliminate the right to indemnification provided hereunder with respect to acts
or omissions occurring prior to such amendment or repeal. The Company may carry
insurance protecting it and potential Indemnitees from liabilities to third
parties, to the extent practicable.

                12.3 RIGHT TO CONDUCT OTHER BUSINESS. Except as provided in
SECTIONS 7.1, 7.2, 7.3, 8.3 AND 8.8 hereof, nothing contained in this Agreement
shall be deemed to restrict in any way the freedom of each Member, the board of
managers, and any manager thereof, and their Affiliates, including any director,
officer, or employee of such person, to conduct any other business or any other
activity whatsoever, including without limitation, the acquisition, holding and
disposing of real estate, securities or assets of any entity without having or
incurring any obligation to offer any interest therein to the Company or any
other Member.

                                       32
<PAGE>   38

                             XIII. POWER OF ATTORNEY

                13.1 AUTHORITY TO EXECUTE DOCUMENTS. During the life of the
Company and (to the extent a manager remains) during any additional period
authorized in accordance with this Agreement to dissolve, liquidate and wind up
its affairs of the Company, each of the undersigned Members hereby irrevocably
designates and appoints Robert S. Grimes and Ariel Amir, and each of them, and
any successors of such managers, and any duly appointed agent of such managers,
with full power of substitution, to be the Member's true and lawful
attorney-in-fact with the power from time to time in the name, place and stead
of the Member to do any ministerial act necessary to qualify the Company to do
business under the laws of any jurisdiction in which it is necessary to file any
instrument in writing in connection with such qualification, and to make,
execute, swear to and acknowledge, amend, file, record, deliver and publish in
conformance with the provisions of this Agreement (i) the Certificate for the
Company, (ii) a counterpart of this Agreement or of any amendment hereto for the
purpose of filing or recording such counterpart in any jurisdiction in which the
Company may own property or transact business, (iii) all certificates and other
instruments necessary to qualify or continue the Company as a limited liability
company in Delaware or in any jurisdiction where the Company may own property or
be doing business, (iv) any fictitious or assumed name certificate required or
permitted to be filed by or on behalf of the Company, (v) any other instrument
that is now or may hereafter be required by law to be filed for or on behalf of
the Company, (vi) any other instruments or documents that the board of managers
deems necessary to conduct the operation of the Com13.1abpany; provided, that,
such instrument or document is not inconsistent with the terms of this Agreement
in effect at that time and does not result in a material liability to such
Member, (vii) any amendment to this Agreement adopted pursuant to SECTION 14.1
hereof and (viii) a certificate or other instrument evidencing the dissolution
or termination of the Company when such shall be appropriate in Delaware and
each other jurisdiction in which the Company shall own property or do business.

                13.2 SURVIVAL OF POWER. The existence of this power of attorney
shall not preclude execution of any such instrument by a Member individually on
any such matter. This limited power of attorney shall not be revoked and shall
survive the assignment or transfer by a Member of all or part of its Units in
the Company and, being coupled with an interest, shall survive the death,
incapacity or dissolution of the Member to the extent that it may legally
contract for such survival. Any person dealing with the Company may conclusively
presume and rely upon the fact that any such instrument executed by such agent
and attorney-in-fact is authorized, regular and binding without further inquiry.

                                       33
<PAGE>   39

                         XIV. AMENDMENT AND DISSOLUTION

                14.1 AMENDMENT. Any provision of this Agreement may be amended
by the consent of the holders of at least eighty-five percent (85%) of all
Units; provided, however, that no amendment of this Agreement shall, without the
consent of the affected Member, (i) increase the liability of a Member beyond
the liability of such Member expressly set forth in this Agreement or otherwise
modify or affect the limited liability of such Member, (ii) change the method or
calculation of distributions or allocations made under the provisions of
ARTICLES IX AND X hereof to any Member (except as otherwise provided in this
Agreement), (iii) eliminate an Original Eligible Owner's right to appoint a
manager except as provided in Section 4.1(a) or (iv) amend the rights of
Original Eligible Owners granted under Section 8.8.

                14.2 DISSOLUTION.

                        (a) The Company shall be dissolved and its business
wound up and terminated on the earlier of:

                                (i) The date on which at least eighty percent
(80%) of the Company's Units as of January 1 of any year are transferred (other
than to Affiliates of Members), or all of the Assets (excluding the ABT
Contribution) have been disposed of and, to the extent legally available, the
net proceeds therefrom distributed to the Members; provided, however, such
transfer of Units or disposition of Assets will not be deemed a dissolution of
the Company or an event triggering dissolution or winding up of the Company if
such event is pursuant to a merger, sale, reorganization, reformation or similar
restructuring in which after such event the Members prior to such transaction
collectively own at least 50% of the equity of the entity that owns or controls
substantially all of the Assets after such transaction;

                                (ii) The date on which the Company is dissolved
by operation of law or judicial decree;

                                (iii) The date on which all of the Members agree
to terminate the Company; or

                                (iv) The occurrence of any other event causing
the dissolution of a limited liability company under the Act.

                        (b) Upon dissolution of the Company created hereunder,
the board of managers shall give written notice of such dissolution to the
Members which shall state that the Assets are to be liquidated in an orderly
fashion with appropriate reserves maintained for then existing and potential
obligations and contingent liabilities of the Company. Upon dissolution for

                                       34
<PAGE>   40

any reason whatsoever, the Company shall thereafter engage in no further
business other than that necessary to wind up the business and to distribute the
Assets.

                14.3 DISTRIBUTIONS UPON DISSOLUTION.

                        (a) Upon dissolution of the Company, (i) the ABT
Contribution shall be assigned back to ABT and (ii) the board of managers shall
act as liquidating trustee regarding the disposition of the Assets (excluding
the ABT Contribution, the "Remaining Assets") for cash, to pay and discharge all
liabilities and obligations of the Company and to distribute all cash remaining
and any Remaining Assets which cannot be disposed of to the Members as described
below. The liquidating trustee shall be under no liability with respect to the
Remaining Assets held by the Company upon dissolution except to hold and
maintain the same in the Company until disposed of in accordance with the terms
of this Agreement and the Act. Unless agreed to by all Members, and to the
extent commercially reasonable, every reasonable effort shall be made to dispose
of the Remaining Assets so that the liquidating distributions to the Members
shall be made in cash. If any non-cash Remaining Assets must be distributed in
kind, the liquidating trustee shall ascertain the fair market value of such
Remaining Assets by appraisal or other reasonable means of such Remaining Assets
remaining unsold and each Member's Capital Account shall be charged or credited,
as the case may be, as if such Remaining Assets had been sold at such fair
market value and the net gain or net loss realized thereby had been allocated to
and among the Members in accordance with SECTION 10.2 hereof. All of the
Remaining Assets, including, without limitation, all cash and property, if any,
then on hand in the Company, shall be applied and distributed, with reference to
the fair market value thereof, by the liquidating trustee. A reasonable time
shall be allowed for the orderly liquidation of the Remaining Assets and the
discharge of liabilities to creditors so as to minimize any losses attendant
upon a liquidation. The proceeds from the liquidation, to the extent sufficient
t(a)abherefor, shall be applied and distributed in the following order:

                                (i) To the creditors of the Company, whether by
payment or the making of an agreement for payment;

                                (ii) To setting up the reserves that the
liquidating trustee may deem necessary or reasonable for contingent or
unforeseen liabilities or obligations of the Company or of the liquidating
trustee arising out of or in connection with the Company or its liquidation;

                                (iii) To the non-ABT Members in proportion to,
and to the extent of, each Member's positive Capital Account balance, after
giving effect to all contributions, distributions and allocations for all
periods.

                                (iv) Thereafter, to ABT and the non-ABT Members
in proportion to, and to the extent of, their positive remaining Capital Account
balances.

                                       35
<PAGE>   41

                        (b) All reasonable attempts shall be made to cause any
distributions to Members under this ARTICLE XIV upon liquidation to be made by
the end of the taxable year in which the liquidation of the Company occurs.

                        (c) The liquidating trustee shall comply with the terms
of this Agreement and any requirements of the Act or other applicable law
pertaining to the winding up of a limited liability company, at which time the
Company shall stand liquidated.

                        (d) The liquidating trustee shall be under no liability
with respect to the Assets held by the Company upon dissolution except to hold
and maintain the same in the Company until disposed of in accordance with the
terms of this Agreement and the Act. The Members shall look solely to the Assets
for the return of their respective Capital Contributions and, if the Assets
remaining after the payment or discharge of the debts and liabilities of the
Company are insufficient to return their Capital Contributions, they shall have
no recourse against the liquidating trustee or any Member for that purpose.

                14.4 NO OBLIGATION TO RESTORE DEFICIT CAPITAL ACCOUNTS. No
Member with a deficit balance in its Capital Account shall have any obligation
to the Company or any other Member to restore said deficit balance. In addition,
except as expressly provided by agreement or relevant documentation, no venturer
or partner in any Member shall have any liability to the Company or any other
Member for any deficit balance in such venturer's or partner's capital account
in the Member in which it is a partner or venturer. Furthermore, a deficit
Capital Account balance of a Member (or a capital account of a partner or
venturer in a Member) shall not be deemed to be a liability of such Member (or
of such venturer or partner in such Member) or an Asset of the Company or any
Member.

                                XV. MISCELLANEOUS

                15.1 INJUNCTIVE RELIEF. The parties acknowledge that it will be
impossible to measure in money the damages that would be suffered if the parties
fail to comply with certain of the obligations imposed on them by this
Agreement, including without limitation those obligations set forth in ARTICLES
IV, VII AND VIII and that in the event of any such failure, an aggrieved Person
will be irreparably damaged and will not have an adequate remedy at law. Any
such Person shall, therefore, in addition and not in lieu of any other remedy
available to an aggrieved Person, be entitled to injunctive relief and/or
specific performance to enforce such obligations, and if any action is brought
in equity to enforce any of such provisions of this Agreement, none of the
parties hereto shall raise the defense that there is an adequate remedy at law.

                15.2 FURTHER ASSURANCES. Each party hereto shall do and perform
or cause to be done and performed all such further acts and things and shall
execute and deliver all such other

                                       36
<PAGE>   42

agreements, certificates, instruments and documents as any other party hereto
reasonably may request in order to carry out the intent and accomplish the
purposes of this Agreement.

                15.3 GOVERNING LAW; DISPUTE RESOLUTION. This Agreement shall be
construed and enforced in accordance with, and the rights of the parties shall
be governed by, the laws of the State of Delaware without regard to principles
of conflict of laws.

                        (a) If a dispute arises under this Agreement, it should
be referred to the president or chief executive officer of each Member for
resolution, and such persons shall use their best efforts to resolve the matter
for no less than thirty (30) days. Any matter such persons are unable to resolve
within such period must be submitted to the dispute resolution procedure set
forth in Section 15.3(b).

                        (b) Any dispute or claim arising out of or in connection
with this Agreement not resolved by Section 15.3(a) above, must be finally
settled by binding arbitration under the Rules of Conciliation and Arbitration
of the American Arbitration Association (the "RULES") by one (1) arbitrator
appointed in accordance with such Rules within a period of ninety (90) days from
the date such dispute is submitted to arbitration. Judgment on the award
rendered may be entered in any court having jurisdiction thereof. The place of
arbitration shall be New York, New York. Any monetary award must be calculated
and denominated in United States dollars and the arbitration must be conducted
in the English language. Notwithstanding the other provisions of this Section
15.3, either party may apply to any court of competent jurisdiction for
injunctive or equitable relief.

                15.4 ENTIRE AGREEMENT. This Agreement constitutes the entire
agreement among the parties hereto with respect to the subject matter hereof,
and supersedes all prior and contemporaneous agreements and understandings of
the parties with respect thereto, including the Operating Agreement of the
Company dated September 30, 1997.

                15.5 BINDING EFFECT. This Agreement shall be binding on and
inure to the benefit of the parties hereto and, subject to the terms and
provisions hereof, their respective, heirs, administrators, executors, legal
representatives, successors and permitted assigns.

                15.6 INVALIDITY OF PROVISION. The invalidity or unenforceability
of any provision of this Agreement in any jurisdiction shall not affect the
validity or enforceability of the remainder of this Agreement in that
jurisdiction or the validity or enforceability of this Agreement, including that
provision, in any other jurisdiction.

                15.7 NOTICES. All notices and other communications given or made
hereunder shall be in writing and, unless otherwise provided herein, shall be
deemed to have been given when received by the party to whom such notice is to
be given (i) by an overnight delivery service or by mail at its address set
forth on the signature pages hereto, or such other address for the party as
shall be specified by notice given pursuant hereto, (ii) by electronic facsimile
(fax) to such party at the facsimile number set forth on the signature pages
hereto, or such other facsimile number for the party as shall

                                       37
<PAGE>   43

be specified by notice given pursuant hereto, or (iii) by e-mail at the e-mail
address set forth on the signature pages hereto, or such other e-mail address
for the party as shall be specified by notice given pursuant hereto.

                15.8 HEADINGS. The descriptive headings of the several sections
of this Agreement are inserted for convenience only and do not constitute part
of this Agreement.

                15.9 GENDER AND NUMBER. Whenever required by the context, as
used in this Agreement, the singular number shall include the plural, the neuter
shall include the masculine or the feminine gender and the masculine gender
shall include the neuter or the feminine gender.

                15.10 COUNTERPARTS AND EXECUTION. This Agreement may be executed
in multiple counterparts, each of which shall be deemed an original agreement
and all of which shall constitute one agreement among each of the parties
hereto, notwithstanding that all of the parties are not signatories to the
original or the same counterpart, to be effective as of the day and year first
set forth above.

                15.11 CONSENTS AND WAIVERS. A Member's waiver, consent, failure
to object, failure to seek redress, course of conduct or failure to insist upon
the strict performance of any covenant or condition of this Agreement shall not
be considered or construed as a waiver or consent for subsequent matters or
other obligations or rights of the Member. No waiver of any term or provision of
this Agreement shall be effective unless in writing signed by the party to be
charged.

                15.12 RIGHTS AND REMEDIES CUMULATIVE. The rights and remedies
provided by this Agreement are cumulative and the use of any one right or remedy
by any party shall not preclude or waive its right to use any or all other
remedies. Such rights and remedies are given in addition to any other rights the
parties may have by law, statute, ordinance, or otherwise.

                15.13 WAIVER OF RIGHT TO PARTITION. Each of the parties hereto
irrevocably waives during the term of the Company any right that it may have to
maintain any action for partition with respect to an Asset.

                                       38
<PAGE>   44

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

                                            AUTOBYTEL.EUROPE LLC

                                            By: /s/ Mark W. Lorimer
                                               ---------------------------------
                                               Name: Mark W. Lorimer
                                               Title: Chairman

                                            Notice Information:

                                            Autobytel.Europe LLC
                                            c/o autobytel.com inc.
                                            18872 MacArthur Boulevard
                                            Irvine, California  92612
                                            U.S.A.
                                            Attention:  Ariel Amir, Esq.
                                            Facsimile: 949-862-1323
                                            E-mail: ariela@autobytel.com

MEMBERS:

AUTOBYTEL.COM INC.

By: /s/ Robert S. Grimes
   ---------------------------------
   Name: Robert S. Grimes
   Title: Executive Vice President

Notice Information:

autobytel.com inc.
18872 MacArthur Boulevard
Irvine, California  92612
U.S.A.
Attention:  Ariel Amir, Esq.
Facsimile: 949-862-1323
E-mail: ariela@autobytel.com

                                       39
<PAGE>   45

GE CAPITAL EQUITY HOLDINGS, INC.

By: /s/ Brian S. Graff
   ---------------------------------
   Name: Brian S. Graff
   Title: Vice President

Notice Information:
GE Equity
120 Long Ridge Road
Stamford, CT  06927
Attention: John Flannery
Facsimile:  (203) 961-2088
E-mail:  john.flannery@gecapital.com

INCHCAPE OVERSEAS INVESTMENTS B.V.

By: /s/ Peter W. Johnson
   ---------------------------------
   Name: Peter W. Johnson
   Title:

Notice Information:
Inchcape Motors International plc
33 Cavendish Square
London W1M 9HF United Kingdom
Attention: Peter W. Johnson
Facsimile:  011 44 171 546 8441
E-mail:  peter.johnson@inchcape.com

PON HOLDINGS B.V.

By: /s/ Henk Rottinghuis
   ---------------------------------
   Name: Henk Rottinghuis
   Title: Director

Notice Information:
Pon AutomobieHandel B.V.
Zujderinslag 2
3833 BP Leusden
Netherlands

                                       40
<PAGE>   46

Attention: Henk Rottinghuis
Facsimile:  011 33 133 494 8714
E-mail:  henk.rottinghuis@pah.nl

                                       41<PAGE>   1

                                                                   EXHIBIT 10.34
[*] Confidential Treatment has been requested for certain portions of this
    exhibit

                     INTERCOMPANY SOFTWARE LICENSE AGREEMENT

        This INTERCOMPANY SOFTWARE LICENSE AGREEMENT is made as of January 6,
2000 (the "EFFECTIVE DATE") by and between autobytel.com inc., a Delaware
corporation with offices at 18872 MacArthur Blvd, 2nd Floor, Irvine, California
92612 ("ABT/US") and AUTOBYTEL.EUROPE LLC, a Delaware limited liability company
with offices at 18872 MacArthur Blvd, 2nd Floor, Irvine, California 92612
("ABT/E").

        WHEREAS, ABT/US is engaged in an Internet-based marketing business for
new and used vehicles in North America that provides Internet users with fast,
haggle-free, and courteous purchasing and related services designed to improve
consumers' overall vehicle buying experience (which includes such business as
now engaged in by ABT/US and as may be engaged in by ABT/US during the term of
this Agreement, and which includes but is not limited to the activities
described in section 1.24 of Exhibit A) (the "ABT/US BUSINESS"), and in
connection with such business has developed certain software, certain end user
documentation associated therewith and certain proprietary business procedures;
and

        WHEREAS, the parties wish ABT/E to be able to carry on a similar
Internet-based marketing business in Europe through dealers or directly to users
for its own account or license NOCs (as defined below) to do the same on ABT/E's
behalf.

        NOW, THEREFORE, the parties agree as follows:

        1. LICENSE OF SOFTWARE, DOCUMENTATION, BUSINESS PROCEDURES AND
TRADEMARKS.

               1.1 LICENSE.

                      (a) ABT/US hereby grants to ABT/E the perpetual, exclusive
right to (i) use the Software (in source code and object code format), Business
Procedures, Documentation and ABT Brand as described in Section 1.1(c); and (ii)
grant sublicenses ("SUBLICENSES") in substantially the form set forth in EXHIBIT
A for the purpose of operating a Local Business in one or more entire countries
in Europe (the "TERRITORY"). For avoidance of doubt, ABT/E may, in its
discretion, deliver the Software under each Sublicense in source code format,
object code format, or both. ABT/E may complete any blanks or "TBD" information
in each such Sublicense and attach the attachments contemplated therein, in each
case, in any way that is not directly in conflict with this Agreement and make
any other changes as may be requested by NOCs that are reasonable and customary,
provided such changes do not impose any material obligations or liabilities upon
ABT/US and that the resulting Sublicense is at least as protective of ABT/US'
intellectual property rights as EXHIBIT A. A "LOCAL BUSINESS" has the meaning
set forth in EXHIBIT A, with respect to any Territory in Europe. The word
"exclusive," as used in this Section 1, means that ABT/US shall not use in
connection with a Local Business for its own account, nor grant to any third
party the right to use or license the Software, Documentation, Business
Procedures or ABT Marks in connection with the operation of a Local Business in
the Territory, except as expressly provided in this Agreement;

                                      -1-
<PAGE>   2

                      (b) ABT/US hereby grants to ABT/E the exclusive right to
use the Software, Documentation and Business Procedures for the purpose of
providing technical, end user and sales support to NOCs, and to copy the
Software, Documentation and Business Procedures solely as necessary to do so.

                      (c) ABT/E may, in its sole discretion, elect to use the
Software, Documentation, Business Procedures and ABT Marks to operate a Local
Business in one or more entire countries in the Territory for its own account
(in lieu of granting a Sublicense to an NOC). In such case, ABT/E shall abide by
the obligations of Licensee under EXHIBIT A with respect thereto. For avoidance
of doubt, the ABT Marks shall be used only in connection with the use of the
Software, Documentation and Business Procedures for purposes of operating a
Local Business and shall not be used for purposes of marketing the Software,
Documentation and Business Procedures. The parties acknowledge that the
Software, Documentation, Business Procedures and ABT Marks, as currently in
existence, only have an established or known commercial value in connection with
the automotive industry.

                      (d) EXISTING AGREEMENTS. The license grants set forth in
this Section 1.1 are subject to any rights granted in the Existing Agreements.
The parties acknowledge that they will enter into a side letter or other
agreement (in addition to this Agreement) under which ABT/E will assume the
rights and obligations of ABT/US under the Existing Agreements.

               1.2 DEFINITIONS. As used in this Agreement, the following words
have the following meanings:

                      (a) "SOFTWARE" means all the proprietary software products
used by ABT/US in the operation of the ABT/US Business during the term of this
Agreement. Software will include without limitation any Software delivered by
ABT/US under Section 1.3.

                      (b) "DOCUMENTATION" means all the electronic instructions,
manuals or other materials, including without limitation on-line help files,
regarding the development or use of the Software used by ABT/US in the operation
of the ABT/US Business during the term of this Agreement. Documentation will
include without limitation any Documentation delivered by ABT/US under Section
1.3.

                      (c) "BUSINESS PROCEDURES" means all the proprietary
business procedures for operating the ABT/US Business used by ABT/US in the
operation of the ABT/US Business during the term of this Agreement. Business
Procedures will include without limitation any Business Procedures delivered by
ABT/US under Section 1.3.

                      (d) "ABT MARKS" means all the trademarks, service marks
and logos used by ABT/US in the operation of the ABT/US Business during the term
of this Agreement, including without limitation the "Auto-By-Tel" and
"autobytel" marks, but excluding the marks "DealerSites.com" or "kre8.net".

                                      -2-
<PAGE>   3

                      (e) "NOC" is a national operating company that operates or
intends to operate a Local Business through dealers or directly to users in one
or more entire countries in Europe pursuant to a Sublicense.

                      (f) "EXISTING AGREEMENTS" means the NOC agreements entered
into by ABT/US prior to the Effective Date, to wit, the License and Services
Agreements dated as of August 7, 1998 between ABT/US and Auto-By-Tel AB (with
respect to the territory of Sweden, Norway, Finland and Denmark) and the License
and Services Agreements dated as of November 28, 1998 between ABT/US and
AutobyTel UK Ltd. (with respect to the territory of the United Kingdom).

               1.3 DELIVERY OF UPDATES AND UPGRADES. ABT/US shall promptly
deliver to ABT/E any and all releases or versions of the Software (in source
code and object code form to the extent available to ABT/US), Business
Procedures, or Documentation used by ABT/US in the operation of the ABT/US
Business during the term of this Agreement, including without limitation all
Error Corrections, Updates or Upgrades as such terms are used in EXHIBIT A.

        2. DISCLAIMER AND RESERVATION OF RIGHTS. ABT/US hereby reserves all
rights not granted hereunder. ABT/US HEREBY DISCLAIMS ANY AND ALL WARRANTIES,
EXPRESS, IMPLIED, OR STATUTORY, WITH RESPECT TO THE SOFTWARE AND BUSINESS
PROCEDURES except as are expressly provided for in this Agreement. ABT/US hereby
reserves all rights not explicitly granted under this Agreement.

        3. SUPPORT. As between the parties, ABT/E will have the sole
responsibility to provide technical and end user support to NOCs. ABT/US will
have no obligation under this Agreement to provide any such support to ABT/E or
any NOC.

        4. CONSIDERATION. In consideration of the exclusive, perpetual licenses
granted in Section 1, ABT/E shall issue to ABT/US certain shares of the equity
securities of ABT/E, pursuant to that certain Amended and Restated Operating
Agreement among ABT/E and certain other parties of even date herewith, and ABT/E
shall use its best efforts to maximize revenue from exploiting the rights
granted to ABT/E hereunder.

        5. LICENSE BACK. ABT/E hereby grants to ABT/US, a perpetual,
irrevocable, exclusive license, to the extent of and under any and all rights
owned, or possessed or exercisable by ABT/E, to make, use, sell, import,
reproduce, perform, display, transmit, prepare derivative works of and otherwise
exploit, outside the Territory: (a) any and all Localized Versions (as such term
is defined in EXHIBIT A) (i) assigned or licensed to ABT/E under any Sublicense;
or (ii) prepared by or for ABT/E under Section 1.1(c); and (b) any and all
Extensions (as such term is defined in EXHIBIT A) (i) assigned or licensed to
ABT/E under any Sublicense or (ii) prepared by or for ABT/E under Section
1.1(c). ABT/E shall promptly upon completion or receipt of any such Derivative
Work or Extension, disclose such Derivative Work or Extension to ABT/US, in any
form reasonably requested by ABT/US.

        6. TERM AND TERMINATION.

                                      -3-
<PAGE>   4

               6.1 TERM. The term of this Agreement will commence on the
Effective Date and continue in perpetuity, unless earlier terminated pursuant to
this Section 6.

               6.2 TERMINATION FOR DEFAULT. If either party materially defaults
in the performance of any of its material obligations hereunder and if any such
default is not corrected within 30 days after notice in writing, then the
non-defaulting party, at its option, may, in addition to any other remedies it
may have, thereupon terminate this Agreement by giving written notice of
termination to the defaulting party; provided however, no party will be deemed
to be in breach of this Agreement, and there shall be no termination for
default, during such time that a party makes diligent efforts to correct a
default which is capable of correction.

               6.3 TERMINATION AND ASSIGNMENT IN THE EVENT OF CESSATION OF
BUSINESS OF ABT/E. In the event ABT/E (a) winds up or terminates its business,
or ceases business in the ordinary course; (b) admits in writing its inability
to pay its debts as they mature, makes an assignment for the benefit of
creditors, or becomes subject to direct control of a trustee, receiver or
similar authority; or (c) becomes subject to any bankruptcy or insolvency
proceeding under federal, foreign, or state statutes, ABT/US shall immediately
assume all rights and obligations under all of the Sublicenses, and this
Agreement will immediately terminate.

               6.4 EFFECT OF TERMINATION. The terms and conditions of Sections
2, 5, 8.1(d), 9, 10 and 11 will survive any termination or expiration of this
Agreement.

        7. ENFORCEMENT. ABT/E shall promptly take all actions reasonably
requested by ABT/US in writing to enforce all Sublicenses with NOCs granted
hereunder, which actions include without limitation any lawsuits necessary or
appropriate to enforce any such Sublicense.

        8. WARRANTIES.

               8.1 ABT/US WARRANTY.

                      (a) PERFORMANCE. ABT/US represents and warrants to ABT/E
that during the term of this Agreement, the Software in the form delivered to
ABT/E will perform in substantial accordance with the Documentation in the form
delivered to ABT/E.

                      (b) YEAR 2000. ABT/US represents and warrants to ABT/E
that the Software in the form delivered to ABT/E is Year 2000 Compliant. "YEAR
2000 COMPLIANT" means that the Software, when used in accordance with the
Documentation and with the hardware and operating systems approved by ABT/US,
will: (i) initiate and operate; (ii) correctly store, represent and process
dates; and (iii) not cause or result in an abnormal termination or ending or
degradation of performance; when processing data containing dates in the year
2000 and in any preceding and following years, including leap years; provided
that there shall be no breach of this representation and warranty where the
failure of the Software to be Year 2000 Compliant is caused by or relates to any
third party products that exchange data with the Software.

                      (c) VIRUSES. ABT/US represents and warrants to ABT/E that
the Software, in the form delivered to ABT/E and on the media delivered to
ABT/E, does not contain any virus,

                                      -4-
<PAGE>   5

codes, commands or instructions that alter, delete, erase, damage, disable,
disrupt, or otherwise interfere with ABT/E's use of, the Software.

                      (d) REMEDY. If the Software does not perform as warranted
under Sections 8.1(a), 8.1(b), or 8.1(c), ABT/US shall, at no charge to ABT/E,
use reasonable efforts to correct the Software in accordance with ABT/US'
then-current escalation procedures, and deliver to ABT/E a corrected version of
the Software. The foregoing are ABT/E's sole and exclusive remedies for breach
of warranties. The warranty will apply only if the then-current version of the
Software has been properly installed and used at all times and in accordance
with the Documentation.

                      (e) AUTHORITY. ABT/US represents and warrants to ABT/E
that ABT/US has full power, right and authority to enter into this Agreement, to
carry out its obligations under this Agreement and to grant the rights granted
to ABT/E herein. ABT/US represents and warrants to ABT/E that the execution and
performance of this Agreement by ABT/US will not conflict with any other
obligation of ABT/US.

               8.2 ABT/E WARRANTY. ABT/E represents and warrants to ABT/US that
ABT/E has full power, right and authority to enter into this Agreement, to carry
out its obligations under this Agreement and to grant the rights granted to
ABT/US herein. ABT/E represents and warrants to ABT/US that the execution and
performance of this Agreement by ABT/E will not conflict with any other
obligation of ABT/E.

               8.3 DISCLAIMER. EXCEPT FOR THE EXPRESS LIMITED WARRANTY SET FORTH
IN SECTION 8.1 ABOVE, THE SOFTWARE, DOCUMENTATION, BUSINESS PROCEDURES AND ABT
MARKS ARE PROVIDED "AS-IS" AND WITHOUT WARRANTY OF ANY KIND, WHETHER EXPRESS,
IMPLIED, STATUTORY OR OTHERWISE. ABT/US HEREBY DISCLAIMS ANY WARRANTY THAT THE
OPERATION OF THE SOFTWARE WILL BE UNINTERRUPTED OR ERROR-FREE. ABT/US
SPECIFICALLY DISCLAIMS ALL IMPLIED WARRANTIES OF NONINFRINGEMENT,
MERCHANTABILITY, AND FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE
SOFTWARE, DOCUMENTATION, BUSINESS PROCEDURES, ABT MARKS AND ANY PRODUCTS,
MATERIALS, OR SERVICES PROVIDED BY ABT/US HEREUNDER.

        9. LIMITATION OF LIABILITY

           EXCEPT FOR LIABILITY FOR THIRD PARTY CLAIMS ARISING OUT OF SECTION
10, IN NO EVENT WILL EITHER PARTY HAVE ANY LIABILITY FOR ANY INDIRECT,
INCIDENTAL, SPECIAL OR CONSEQUENTIAL DAMAGES, HOWEVER CAUSED AND ON ANY THEORY
OF LIABILITY, WHETHER FOR BREACH OF CONTRACT, TORT OR OTHERWISE, ARISING OUT OF
OR RELATED TO THIS AGREEMENT, INCLUDING BUT NOT LIMITED TO, LOSS OF ANTICIPATED
PROFITS, LOSS OF DATA, OR LOSS OF USE, EVEN IF SUCH PARTY HAS BEEN ADVISED OF
THE POSSIBILITY OF SUCH DAMAGES.

        10. INDEMNIFICATION FOR INFRINGEMENT

                                      -5-
<PAGE>   6

               10.1 ABT/US INDEMNITY FOR INFRINGEMENT. ABT/US shall, at its
expense, defend or settle any claim, action or allegation brought against ABT/E
that the Software, Documentation, or Business Procedures, or the copying or use
thereof infringe any copyright, patent, trademark, or trade secret right of any
third party in the Territory, and shall pay any final judgments awarded or
settlements entered into; provided that ABT/E gives prompt written notice to
ABT/US of any such claim, action or allegation of infringement and gives ABT/US
the authority to proceed as contemplated herein. ABT/US will have the exclusive
right to defend any such claim, action or allegation and make settlements
thereof in its own discretion, and ABT/E may not settle or compromise such
claim, action or allegation, except with the prior written consent of ABT/US.
ABT/E shall give such assistance and information as ABT/US may reasonably
require to settle, or oppose such claims. In the event any such infringement,
claim, action or allegation is brought or threatened, ABT/US shall:

                      (a) at its sole option and expense, procure for ABT/E the
right to continue copying, using and sublicensing of the Software,
Documentation, or Business Procedures as described in Section 1; or

                      (b) at its sole option and expense, modify or amend the
Software, Documentation or Business Procedures or infringing part thereof, or
replace the Software, Documentation or Business Procedures or infringing part
thereof with other Software, Documentation or Business Procedures having
substantially the same or better capabilities.

        The foregoing obligations will not apply to the extent the infringement
arises as a result of modifications to the Software, Documentation, or Business
Procedures not made by ABT/US, or the combination of the Software with any
materials or technology not supplied by ABT/US. The foregoing states the entire
liability of ABT/US with respect to infringement of any patent, copyright,
trademark, trade secret or other proprietary right.

               10.2 ABT/E INDEMNITY. ABT/E shall, at its expense, defend or
settle any claim, action or allegation brought against ABT/US (to the extent not
covered by Section 10.1) arising from the act or omission of ABT/E or any NOC,
where a third party alleges fraud, misrepresentation, or unfair business
practices arising from the operation of ABT/E or the Local Business of any NOC,
or those that arise from a third party allegation that any Localized Version or
Extension infringes any copyright, trade secret, patent or trademark right of
any third party, and shall pay any final judgments awarded or settlements
entered into; provided that ABT/US gives prompt written notice to ABT/E of any
such claim, action or allegation of infringement and gives ABT/E the authority
to proceed as contemplated herein. ABT/E will have the exclusive right to defend
any such claim, action or allegation and make settlements thereof in its own
discretion, and ABT/US may not settle or compromise such claim, action or
allegation, except with the prior written consent of ABT/E. ABT/US shall give
such assistance and information as ABT/E may reasonably require to settle or
oppose such claims. In the event any such infringement, claim, action or
allegation is brought or threatened, ABT/E may, at its sole option and expense:

                      (a) procure for ABT/US the right to continue use of the
Localized Version or Extension or infringing part thereof; or

                                      -6-
<PAGE>   7

                      (b) modify or amend the Localized Version or Extension or
infringing part thereof, or replace the Localized Version or Extension or
infringing part thereof with other materials having substantially the same or
better capabilities.

               10.3 PROSECUTION OF INFRINGERS. ABT/US and ABT/E shall give each
other written notice of any acts of infringement by third parties involving
intellectual property rights relating to the Localized Version, Extensions,
Software, Documentation, Business Procedures, or ABT Marks anywhere in the
Territory of which ABT/US or ABT/E has knowledge, and the parties shall consult
together with a view to determine the course of action, if any, to be taken in
such circumstances. ABT/US will have the right to take action to enforce such
rights. If the parties are unable to agree on any such course of action to be
taken, then ABT/US shall authorize ABT/E to take such actions as ABT/E considers
necessary or appropriate and ABT/E will be entitled to take such actions at
ABT/E's expense. Each party shall render to the other any assistance requested
by the other in proceedings against an infringer within the Territory, at the
other party's expense. Any damage that might be awarded will, after deduction of
actual costs, be awarded to the party that undertakes legal action.

        11. NON-DISCLOSURE.

               11.1 DEFINITION. "CONFIDENTIAL INFORMATION" means any information
disclosed by either party to the other party, either directly or indirectly, in
writing, orally or by inspection of tangible objects (including without
limitation documents, prototypes, samples, plant and equipment), which is
designated as "Confidential," "Proprietary" or some similar designation.
Information communicated orally will be considered Confidential Information if
such information is confirmed in writing as being Confidential Information
within a reasonable time after the initial disclosure. Confidential Information
may also include information disclosed to a disclosing party by third parties.
Confidential Information will not, however, include any information which (i)
was publicly known and made generally available in the public domain prior to
the time of disclosure by the disclosing party; (ii) becomes publicly known and
made generally available after disclosure by the disclosing party to the
receiving party through no action or inaction of the receiving party; (iii) is
already in the possession of the receiving party at the time of disclosure by
the disclosing party as shown by the receiving party's files and records
immediately prior to the time of disclosure; (iv) is obtained by the receiving
party from a third party without a breach of such third party's obligations of
confidentiality; (v) is independently developed by the receiving party without
use of or reference to the disclosing party's Confidential Information, as shown
by documents and other competent evidence in the receiving party's possession;
or (vi) is required by law, court order, or other legal process to be disclosed
by the receiving party, provided, to the extent practicable, that the receiving
party gives the disclosing party prompt written notice of such requirement prior
to such disclosure and assistance in seeking an order protecting the information
from public disclosure. Confidential Information of each party will include
without limitation the Software, Documentation, and Business Procedures, whether
or not so marked.

               11.2 MAINTENANCE OF CONFIDENTIALITY. Each party agrees not to
disclose any Confidential Information of the other party to third parties,
except with such other party's prior written consent. The foregoing will not
prohibit ABT/E from disclosing information that it is

                                      -7-
<PAGE>   8

required to disclose under any Sublicense. Each party shall take reasonable
measures to protect the secrecy of and avoid disclosure of the Confidential
Information of the other party. Without limiting the foregoing, each party shall
take at least those measures that it takes to protect its own most highly
confidential information and shall ensure that its employees who have access to
Confidential Information disclosed by the other party have signed a
non-disclosure agreement in content similar to the provisions hereof, prior to
any disclosure of Confidential Information to such employees.

        12. MISCELLANEOUS. No amendment or modification hereof will be valid or
binding upon the parties unless made in writing and signed by the duly
authorized representatives of both parties. The relationship of the parties
hereunder is that of independent contractors, and this Agreement will not be
construed to imply that either party is the agent, employee, or joint venturer
of the other. In the event that any provision or provisions of this Agreement is
be held to be unenforceable, this Agreement will continue in full force and
effect without said provision and will be interpreted to reflect the original
intent of the parties. This Agreement will be governed by the laws of the State
of California, without regard to its conflict of laws principles. The parties
consent to the personal and exclusive jurisdiction of courts located in
California. ABT/E may not assign or otherwise transfer this Agreement (by
operation of law or otherwise) without the prior written consent of ABT/US;
however, ABT/E may assign all rights and obligations under this Agreement to a
wholly-owned subsidiary of ABT/E, and ABT/E hereby guarantees the performance by
such wholly-owned subsidiary of the obligations of this Agreement. Any
prohibited assignment or sublicense will be null and void. Subject to the
foregoing, this Agreement will be binding upon and will inure to the benefit of
the parties' permitted successors and/or assignees. Waiver by either party of a
breach of any provision of this Agreement or the failure by either party to
exercise any right hereunder will not operate or be construed as a waiver of any
subsequent breach of that right or as a waiver of any other right.

        The parties have executed this Agreement below to indicate their
acceptance of its terms:

AUTOBYTEL.COM INC.                     AUTOBYTEL.EUROPE LLC

By: /s/ Robert S. Grimes               By: /s/ Mark W. Lorimer

Title: Executive Vice President        Title: Chairman

Print Name: Robert S. Grimes           Print Name: Mark W. Lorimer

Date: January 6, 2000                  Date: January 6, 2000

                                      -8-
<PAGE>   9

                                    EXHIBIT A

                                 ABT EUROPE LLC

                         LICENSE AND SERVICES AGREEMENT

        This LICENSE AND SERVICES AGREEMENT (this "AGREEMENT") is entered into
as of _______________, _______, (the "EFFECTIVE DATE") by and between
Autobytel.Europe LLC, a Delaware limited liability company with offices at
offices at 18872 MacArthur Blvd, 2nd Floor, Irvine, California 92612 ("ABT"),
and _______________________, a corporation organized under the laws of
__________________ with offices at _____________ ("LICENSEE").

                                   BACKGROUND

        WHEREAS, autobytel.com inc. is engaged in an Internet-based marketing
business for new and used vehicles that provides Internet users with fast,
haggle-free, and courteous purchasing and related services designed to improve
consumers' overall vehicle buying experience, and has granted to ABT the right
to grant sublicenses of certain software, documentation and business procedures
useful in the operation of such a business to ABT's licensees in Europe;

        WHEREAS, Licensee desires to engage in the operation of a Local Business
(as defined below) in the Territory (as defined below) using the Software,
Documentation and Business Procedures of autobytel.com inc. (all as defined
below).

           NOW, THEREFORE, in consideration of the mutual promises and upon the
terms and conditions set forth below, the parties agree as follows:

        1. Definitions

               1.1 "ABT BRAND" means the "Auto-By-Tel" and "autobytel"
trademarks, service mark and logo, and the Licensee Domain, and does not include
the mark "DealerSites.com" or "kre8.net."

               1.2 "AFFILIATE" of a party means (i) any entity controlled by,
controlling, or under common control with such party, where "control" means
ownership, either direct or indirect, of more than 50% of the equity interest
entitled to vote for the election of directors or equivalent governing body
and/or (ii) any entity of which such party has possession, either direct or
indirect, of the power to direct or cause the direction of management and
policies of the entity through ownership of voting securities, by contract or
otherwise. Notwithstanding the above, ABT shall not be deemed an Affiliate of
Licensee and vice versa.

                                      -1-
<PAGE>   10

               1.3 "BANNER ADVERTISEMENT" means any image displayed on a web
page associated with the Local Business that is intended to serve as an
advertisement for a product, service or web page.

               1.4 "BUSINESS PROCEDURES" means the proprietary business
procedures for operating the Local Business described on ATTACHMENT B, and any
updates or new revisions thereof provided by ABT from time to time in its sole
discretion.

               1.5 "COMMERCE BUTTON" means any image displayed on a web page
associated with the Local Business that points to an electronic commerce site
through which a User can purchase goods or services.

               1.6 "CONFIDENTIAL INFORMATION" means this Agreement and all its
Attachments, any addenda hereto signed by both parties, all Software listings,
Documentation, information, data, drawings, benchmark tests, specifications,
trade secrets, object code and machine-readable copies of the Software, Business
Procedures, and any other proprietary information disclosed by one party to the
other.

               1.7 "CONSUMER PRICE INDEX" means the Consumer Price Index, for
All Urban Consumers, Subgroup ?All Items?, for the Los Angeles-Riverside-Orange
County Area (Base Year 1982-84=100), which is currently being published by the
United States Department of Labor, Bureau of Labor Statistics. If, however, this
Consumer Price Index is changed so that the base year is altered from that used
as of the Commencement Date, then the Consumer Price Index will be converted in
accordance with the conversion factor published by the United States Department
of Labor, Bureau of Labor Statistics, to obtain the same results that would have
been obtained had the base year not been changed. If no conversion factor is
available or if the Consumer Price Index is otherwise changed, revised or
discontinued for any reason, the term "Consumer Price Index" will thereafter
refer to the most nearly comparable official price index of the United States
Government to obtain substantially the same result as would have been obtained
had the original Consumer Price Index not been changed, revised or discontinued.

               1.8 "CONTRACT MONTH" means a period of 1 month which period
commences upon the Effective Date; or the same day of each month thereafter
during the Term.

               1.9 "CONTRACT YEAR" means a period of 4 consecutive three-month
periods commencing on the Effective Date or the anniversary thereof.

               1.10 "DERIVATIVE WORK" means a derivative work within the meaning
of 17 U.S.C. Section 101 of the U.S. copyright law.

               1.11 "DOCUMENTATION" means any electronic instructions, manuals
or other materials, including without limitation on-line help files, regarding
the development or use of the Software provided by ABT under this Agreement.

               1.12 "DRT" means the Dealer Real Time System (i.e., ABT's online
dealer communication system) portion of the Software.

                                      -2-
<PAGE>   11

               1.13 "ERROR CORRECTION" means a release or version of the
Software containing corrections or fixes of Errors which may be indicated by a
change in the numeric identifier to the Software in the digit to the right of
the decimal.

               1.14 "ERROR" means a material, reproducible failure of the
Software to perform in substantial conformity with the functional specifications
in the Documentation.

               1.15 "FEES" mean all fees payable to ABT hereunder. Fees include
the following: Initial Transfer Fee, Minimum Annual License Fees, Minimum
Maintenance Fees, Localization and Development Fees, Data Center Fees, and
Product Management Fees, all as defined in Section 5.

               1.16 "MINIMUM ANNUAL FEES" are the Minimum Annual License Fees
plus the Minimum Annual Maintenance Fees.

               1.17 "FISCAL QUARTER" means a period of 3 consecutive calendar
months which period commences upon the Launch Date, or 3, 6, or 9 months
thereafter; or the anniversary of any of the foregoing.

               1.18 "FISCAL YEAR" means a period of 4 consecutive Fiscal
Quarters commencing on the Launch Date or the anniversary thereof.

               1.19 "GLOBAL BRAND PROTOCOLS" means the procedures for use of the
ABT Brand set forth on ATTACHMENT C, along with any revisions thereof provided
by ABT from time to time in its sole discretion.

               1.20 "GROSS REVENUES" means all payments actually received by
Licensee with regard to the Local Business, including without limitation fees
received from dealers for participating in the Internet referral system,
payments received from dealers as a result of Internet inquiries referred to
them, sums received as payments for advertising on internet sites which are part
of the Local Business, gross revenues from providing maintenance of, and
training regarding, the DRT, and all other revenues arising directly out of the
Local Business.

               1.21 "INITIAL TRANSFER FEE" means the fee so described in
ATTACHMENT A.

               1.22 "LAUNCH DATE" means the first date Licensee makes the World
Wide Web site for the Local Business generally available on the World Wide Web;
but in no event later than __________.

               1.23 "LICENSEE DOMAIN" means the Uniform Resource Locator
"____________."

               1.24 "LOCAL BUSINESS" means an internet-based business operated
in the Territory under the Business Procedures that performs the following
functions and provides the following information, products, and services related
to new and pre-owned vehicles in the Territory:

-   Enrolling Participating Dealers;

                                      -3-
<PAGE>   12

-   Providing information regarding: (a) pricing, (b) vehicle specifications,
    (b) after-market items, (c) financial, insurance, and warranty products, (d)
    ancillary products or services, and (e) other information;

-   Allowing Users to submit purchase requests for the sale or lease of
    vehicles;

-   Routing Users' purchase requests to Participating Dealers;

-   Routing Users' requests for: (a) after-market items, (b) financial,
    insurance, or warranty products, or (c) ancillary products or services to
    Participating Dealers or Participating Vendors, as applicable, for
    fulfillment;

-   Providing auctions that allow Users and/or Participating Dealers to
    purchase, sell, or lease vehicles;

-   Allowing Users or Participating Dealers to submit requests for the purchase,
    sale, or lease of fleets of vehicles; and

-   Issuing service notices, whether electronically or otherwise, to remind
    Users who purchase or lease vehicles through the Local Business that the
    vehicle is due for servicing.

-   The Local Business also shall include any additional automotive-related
    functions, information, products, or services authorized by ABT in its sole
    discretion.

               1.25 "LOCALIZE, or LOCALIZATION" means any modifications to the
Software, Documentation or Business Procedures necessary to facilitate the
operation and functionality of the Software, Documentation on the operating
systems or platforms within the Territory, or the modification of the Business
Procedures to meet local custom or technological or regulatory requirements.

               1.26 "LOCALIZED VERSION" means a Derivative Work of the Software
and Business Procedures that implements the core functionality of the Software
and Business Procedures, but incorporates the language, currency and functional
variations for the Territory, which Derivative Works are in each case created
for use of Licensee.

               1.27 "NOC" means a national operating company that operates or
intends to operate a Local Business through dealers or directly to users in a
territory in Europe pursuant to a license similar to this Agreement.

               1.28 "PARTICIPATING DEALER" means a vehicle dealer with showrooms
and/or vehicle lots located in the Territory, who meets the criteria set forth
in the Business Procedures and is bound by a subscription agreement.

               1.29 "PARTICIPATING VENDOR" means an individual or entity
authorized by ABT to provide: (a) after-market items, (b) financial, insurance,
or warranty products, or (c) other products or services in the Territory.

                                      -4-
<PAGE>   13

               1.30 "SOFTWARE" means the proprietary software products specified
on ATTACHMENT A hereto, in the form existing as of the Effective Date, together
with any Error Corrections, Updates or Upgrades thereof provided to Licensee
pursuant to this Agreement.

               1.31 "TERRITORY" means ____________ as constituted on the
Effective Date.

               1.32 "UPDATE" means a release or version of the Software,
containing minor functional enhancements, extensions, error corrections or
fixes, which may be indicated by a change in the numeric identifier to the
Software in the digit to the right of the decimal.

               1.33 "UPGRADE" means any version of the Software, designated as
such by ABT, which contains new functionality or significantly enhanced
operation and may be indicated by a change in the numeric identifier to the
Software in the digit to the left of the decimal.

               1.34 "USER" means an individual or entity who uses the World Wide
Web site of the Local Business.

        2. GRANT OF LICENSE

               2.1 LICENSE. Subject to the terms and conditions of this
Agreement, ABT hereby grants to Licensee:

                      (a) an exclusive, non-transferable license in the
Territory to copy and create Derivative Works of the Software, Documentation,
Business Procedures and Derivative Works thereof, in each case solely for the
development of a Localized Version. In this Section 2.1(a), "exclusive" means
that ABT shall not for its own account, nor grant to any third party in the
Territory a license to create Derivative Works of the Software, Business
Procedures or Documentation in order to create a Localized Version in connection
with the operation of a Local Business.

                      (b) an exclusive, non-transferable license to use the
Software, Documentation, or Business Procedures in connection with the operation
of the Local Business; provided, however, that Licensee will not have the right
to use the Software with respect to vehicle dealers outside the Territory; and
provided that Licensee operates the Local Business solely in accordance with the
Business Procedures. In this Section 2.1(b), "exclusive" means that ABT shall
not for its own account, nor grant to any third party in the Territory a license
to, use the Software, Documentation, or Business Procedures in connection with
the operation of a Local Business.

                      (C) LICENSING OF DRT. The parties acknowledge that, for
the avoidance of doubt, notwithstanding the exclusive license grants herein, ABT
reserves the right to license the right to use the DRT to any third party.

        2.2 SUBLICENSES. Licensee may grant non-exclusive sublicenses to vehicle
dealers in the Territory to use copies of the DRT in object code format, solely
for use in connection with the Local Business, and solely in connection with an
end user license in substantially the form set forth

                                      -5-
<PAGE>   14

in ATTACHMENT F. Licensee may not grant sublicenses of the rights granted in
Section 2.1 except with the prior written approval of ABT.

               2.3 COPIES. ABT shall deliver to Licensee, as soon as
practicable, one copy of the Software, one copy of the related Documentation and
one (1) copy of the Business Procedures. Licensee will be entitled: (a) to make
one copy of the Software solely for backup or archival purposes, (b) to retain
one copy of the Software for production purposes, and (c) to make and retain
such copies of the Software as reasonably necessary for Licensee to use the
Software in connection with the Local Business; provided, however, that Licensee
shall immediately advise ABT of any such copies made and their location. Except
as otherwise set forth herein, Licensee may not copy, distribute, reproduce, use
or allow access to the Software, Documentation, or Business Procedures. Whenever
Licensee is permitted to copy or reproduce all or any part of the Software,
Documentation, or Business Procedures, all titles, trademark symbols, copyright
symbols and legends, and other proprietary markings must be reproduced. Licensee
shall not alter or remove any of ABT's trademarks, copyright notices or other
proprietary notices affixed to the Software, Documentation, or Business
Procedures by ABT.

               2.4 OWNERSHIP. As between the parties, ABT owns all right, title
and interest in and to the Software, Documentation, or Business Procedures,
together with any Localized Version or other modifications to the Software,
Documentation, or Business Procedures made by ABT in connection with
Localization of the Software, Documentation, or Business Procedures. The
licenses granted herein transfer to Licensee neither title, nor any proprietary
or intellectual property rights to the Software, Business Procedures, or
Documentation, or any copyrights, patents, or trademarks, embodied or used in
connection therewith, except for the rights expressly granted herein. Effective
upon development of any Localized Version by Licensee, Licensee hereby grants to
ABT an exclusive, irrevocable license in such modifications, which includes the
right to transfer, sublicense and to create Derivative Works. Upon termination
of this Agreement and the license granted to Licensee in this Agreement, the
above license will become non-exclusive and perpetual. Except as otherwise set
forth in the applicable Work Order for the Localization services (as such term
is defined in the "SERVICES AGREEMENT" in ATTACHMENT D), with respect to any
modifications that are not Derivative Works of the Software or Business
Procedures and that contain no part of the Software or Business Procedures (such
modifications to be referred to as "EXTENSIONS"), effective upon development of
any Extension, Licensee hereby grants to ABT an exclusive, irrevocable license
in such Extensions, which includes the right to transfer, sublicense and to
create Derivative Works. Upon termination of this Agreement, the above license
will become non-exclusive and perpetual.

               2.5 SOFTWARE AND BUSINESS PROCEDURE LOCALIZATIONS AND EXTENSIONS.
As between the parties, Licensee is responsible for any changes to the Software,
Documentation, or Business Procedures necessary to Localize them in accordance
with the operation of the Local Business. All such Localization changes, and the
development of any Extensions, must be approved by ABT prior to development and
implementation, as set forth in this Section. Except as otherwise agreed by the
parties, all such Localization changes and the development of any Extensions
must be performed by ABT in accordance with Section 3.2. Upon completion of any
Localized Version or Extension (other

                                      -6-
<PAGE>   15

than by ABT), Licensee must disclose to ABT a copy of such Localized Version or
Extension. Any such disclosure of Localized Software or Extension must be in
source code format.

               2.6 UPDATES AND UPGRADES. During the Term, and subject to
Licensee's payment to ABT of the Minimum Maintenance Fees and Maintenance and
Support Fees set forth in Sections 5.3 and 6.2 below, ABT will deliver to
Licensee any Error Corrections, Updates or Upgrades to the Software or Business
Procedures that it releases to any of ABT's other NOCs. Licensee shall implement
all Error Corrections, Updates, or Upgrades provided by ABT under this
Agreement, no later than 6 months after delivery thereof to Licensee.
Notwithstanding the above, ABT will not be obligated to provide such Error
Corrections, Updates or Upgrades during the period during which, in the
reasonable discretion of ABT's project manager, they are in release for testing
purposes or otherwise not suitable for release outside the United States.

               2.7 LICENSE RESTRICTIONS. Licensee shall not:

                      (a) sell, lease, license, sublicense or distribute the
Software, Documentation, or Business Procedures except in accordance with this
Agreement;

                      (b) provide, disclose, divulge or make available to, or
permit use of the Software, Documentation, or Business Procedures by any third
party without ABT's prior written consent, except as specifically authorized by
this Agreement; or

                      (c) use the Software, Documentation or Business Procedures
for any purpose except as expressly provided for in this Agreement.

               2.8 THIRD PARTY TECHNOLOGY. The parties acknowledge that certain
software, equipment, or technology of third parties, including, without
limitation, server equipment, server software, and database software, may be
required to operate the Software. ABT shall cooperate reasonably with Licensee
to identify any such third-party technology, but ABT will not be obligated to
provide any such third party technology to Licensee.

               2.9 SCOPE OF LOCAL BUSINESS. Licensee acknowledges that the
licenses granted in this Agreement apply only to the Local Business as defined
herein, and as operated according to the Business Procedures, and that Licensee
does not receive under this Agreement the right to use the ABT Brand, Software,
Documentation, Business Procedures, and Derivative Works thereof in connection
with any other activities. Licensee shall operate the Local Business solely in
accordance with the definition herein. In the event that ABT adds activities
("ADDITIONAL ACTIVITIES") to the definition of the Local Business, ABT shall
notify Licensee, and Licensee shall promptly implement the Additional
Activities; provided, however, that ABT may waive such obligation in its sole
discretion.

        3. OBLIGATIONS.

               3.1 DELIVERY. No later than ______ days after the Effective Date,
ABT shall deliver to Licensee one (1) copy of the Software, Business Procedures,
and Documentation, in the form such materials exist as of the Effective Date.
For avoidance of doubt, Licensee acknowledges that such

                                      -7-
<PAGE>   16

materials will not be Localized before delivery, and nothing in this Agreement
will obligate ABT to deliver any Localized Software, Business Procedures, or
Documentation, prior to or after the Launch Date, unless and until so agreed by
the parties hereto under Section 3.2.

               3.2 SERVICES. Upon mutual agreement, ABT may, from time to time,
perform services and provide support to Licensee that will be subject to the
"SERVICES AGREEMENT" set forth in ATTACHMENT D. Such services may include
Localization services; however, the parties acknowledge that the business
requirements and web functionality for the Local Business must be determined by
Licensee prior to commencement of the Localization services, if any.

                      (a) In addition to the compensation set forth in the
Services Agreement, Licensee shall reimburse ABT for the reasonable actual
travel and living expenses of ABT's personnel engaged in performing the Services
at locations other than ABT's facilities, together with other reasonable
out-of-pocket expenses incurred in connection with the performance of such
Services, subject to ABT's adherence to any travel policy reasonably promulgated
by Licensee.

                      (b) Licensee shall pay ABT for any Services provided under
this Section 3.2 in accordance with the payment terms set forth in the "SERVICES
AGREEMENT" in ATTACHMENT D.

               3.3 SCOPE OF SERVICES. The parties currently anticipate that the
Services that may be performed in accordance with Section 3.2 may include the
following. However, nothing in this Section 3.3 will be deemed to create any
binding obligation on either party.

                      (a) Hardware selection and configuration consulting
services;

                      (b) Business model conversion support for software systems
and operating procedures;

                      (c) Marketing, sales and information technology training;

                      (d) Support for training of vehicle dealers in the use of
the DRT portions of the Software; and

                      (e) Business Procedures marketing support, including
support regarding know-how, cooperative advertising or other co-marketing
activities.

               3.4 LICENSEE OBLIGATIONS. Licensee shall operate the Local
Business solely in accordance with the Business Procedures. Licensee shall
operate the Local Business solely in accordance with the laws, regulations, and
other requirements of the Territory. During the Term, Licensee will devote
sufficient resources and personnel to the Local Business to market, promote and
operate the Local Business. Licensee will be responsible for training vehicle
dealers in the use of the DRT portions of the Software and will be solely
responsible for all costs and expenses related to the marketing, promotion and
operation of the Local Business and for performing its obligations hereunder.
Licensee will ensure that only properly trained and qualified persons perform
Licensee's technical obligations under this Agreement.

                                      -8-
<PAGE>   17

               3.5 HYPERLINKS. On and after the first date Licensee makes the
World Wide Web site for the Local Business generally available on the World Wide
Web: (a) ABT shall display a hypertext link on its Web page at the location
where ABT provides links to the NOCs, pointing toward Licensee's home Web page
for the Local Business; and (b) Licensee shall display a hypertext link on the
home Web page for the Local Business pointing to such location.

               3.6 TERRITORY AND SALES. The parties acknowledge that Licensee
may from time to time receive inquiries or orders for sales of products or
services from persons outside the Territory. In such case, Licensee shall refer
such inquiries only to ABT, and shall not act on such inquiries except upon
ABT's instructions. ABT shall prepare guidelines, whose content will be
determined in ABT's sole discretion, to address any such inquiries, and shall
apply the guidelines generally to its licensees. ABT intends that such
guidelines will be prepared in accordance with applicable national law and
European Community law and with the goal of maximizing consumer satisfaction for
customers of ABT's licensees. ABT shall instruct its licensees to respond to
such inquiries in accordance with such guidelines.

               3.7 REPORTS.

                      (a) LICENSEE. No less frequently than each month, as
reasonably requested by ABT, Licensee will provide to ABT, in a format
reasonably acceptable to ABT, a summary report of business data regarding
Licensee's operation of the Local Business. Such data will include, but is not
limited to, purchase request and finance request information (including the
number of such requests received), other consumer information (including without
limitation name, address, e-mail address, phone number, and the like, in the
form and to the extent known to Licensee), Web statistics, and revenue data, as
required for the ABT global data warehouse and reporting system.

                      (b) ABT. In conjunction with ABT's payment obligations
under Section 3.8 and on the schedule set forth therein, ABT shall provide
Licensee with a report of revenues generated by the sale of Banner Advertising
and Commerce Buttons related to the Local Business.

               3.8 BANNER ADVERTISING AND COMMERCE BUTTONS. The rights and
obligations related to Banner Advertising and Commerce Buttons will be allocated
between ABT and Licensee as follows: The parties agree that the solicitation of
Banner Advertising and Commerce Buttons by ABT on behalf of all Autobytel web
sites worldwide is likely to be more efficient and generate more revenue than
the solicitation of Banner Advertising by the parties individually. Therefore,
Licensee hereby appoints ABT as its exclusive agent to solicit all sales of
Banner Advertising and Commerce Buttons, which appointment includes without
limitation the power to engage advertising agents or sales representatives to
solicit such advertising. ABT will use reasonable efforts to maximize the
revenue generated by such sales. As between the parties, ABT shall collect all
revenues for such sales. No later than 45 days after the end of each Fiscal
Quarter ABT shall pay to Licensee ____% of revenues received from the sale of
such Banner Advertising and Commerce Buttons related to the Local Business and
received by ABT, net of commissions, taxes, and out-of-pocket expenses for such
Fiscal Quarter. ABT may use any unsold Banner Advertising inventory on hand five
days prior to the commencement of each calendar month to advertise ABT, its
Affiliates or other licensees of ABT.

                                      -9-
<PAGE>   18

               3.9 DATA. Subject to local law, Licensee shall collect data
regarding visitors to the World Wide Web site for the Local Business, and their
use of such site, as reasonably requested by ABT. Both Licensee and ABT may use
and disclose such data, subject to applicable law and the provisions of this
Section 3.9, for its own account or for the account of third parties. Licensee
shall report such data to ABT on a monthly basis. Such reporting will be in a
reasonable format. If ABT provides data to any third party, ABT shall pay to
Licensee a percentage of the net amounts received by ABT therefor, as follows:

                      (a) AGGREGATED DATA. For data that is disclosed in
aggregate, i.e., in such a fashion that the individual visitor is not identified
by name, ABT shall pay Licensee 50% of net revenues received by ABT that is
applicable to the Local Business; however, in the event that such aggregated
data includes data provided by a party or parties other than Licensee, ABT may
pro-rate the fees payable to Licensee and such other party in a reasonable
fashion.

                      (b) DISAGGREGATED DATA. For data that is not disclosed in
aggregate, i.e., in such a fashion that the individual visitor is identified by
name, ABT shall pay Licensee 66.6% of net revenues received by ABT that is
applicable to the Local Business; however, in the event that data with respect
to an individual visitor is identified by a party or parties other than
Licensee, ABT may pro-rate the fees payable to Licensee and such other party in
a reasonable fashion.

               3.10 CONSUMER DATA. Without limiting the provisions in Section
10, Licensee shall not disclose to any vehicle manufacturer those customers of
the Local Business who have made purchase requests for vehicles of another
vehicle manufacturer in such a fashion that the disclosure identifies the
customer's name, address, or other identifying information.

               3.11 PRODUCTS AND SERVICES OF CERTAIN SHAREHOLDERS OF ABT. Each
member of ABT that becomes a member of ABT and owns at least 10,000 units of ABT
on January 31, 2000 (each, an "ABT Owner") will have the right to offer
automotive-related products and services on the website of Licensee, on a
nonexclusive arm's-length commercial basis, provided that:

                      (a) the entity selling such products or services is an ABT
Owner or a bona fide Affiliate thereof;

                      (b) an ABT Owner may nominate only one entity to offer
such products and services for the Territory or each country in the Territory,
to the extent the Territory includes more than one country, for such preferred
access;

                      (c) the offered products or services will not include the
sale or lease of new or used vehicles or detract from the functionality or user
friendliness of the website of Licensee; and

                      (d) the terms and conditions for Licensee will be
substantially the same as those offered other entities providing similar
products or services on the website of Licensee.

        4. WARRANTY AND DISCLAIMER

               4.1 ABT WARRANTY.

                                      -10-
<PAGE>   19

                      (a) PERFORMANCE. ABT represents and warrants to Licensee
that during the Term, the Software in the form delivered to Licensee will
perform in substantial accordance with the Documentation.

                      (b) YEAR 2000. ABT represents and warrants to Licensee
that the Software in the form delivered to Licensee is Year 2000 Compliant.
"YEAR 2000 COMPLIANT" means that the Software, when used in accordance with the
Documentation and with the hardware and operating systems approved by ABT, will:
(i) initiate and operate; (ii) correctly store, represent and process dates; and
(iii) not cause or result in an abnormal termination or ending or degradation of
performance; when processing data containing dates in the Year 2000 and in any
preceding and following years, including leap years; provided that all third
party products that exchange date data with the Software do so in a form and
format compatible with the Software.

                      (c) VIRUSES. ABT represents and warrants to Licensee that
the Software, in the form delivered to Licensee and on the media delivered to
Licensee, does not contain any virus, codes, commands or instructions that
alter, delete, erase, damage, disable, disrupt, or otherwise interfere with
Licensee's use of, the Software.

                      (d) REMEDY. If the Software does not perform as warranted
under Sections 4.1(a), 4.1(b), or 4.1(c), ABT shall, at no charge to Licensee,
use reasonable efforts to correct the Software in accordance with the escalation
procedures in ATTACHMENT E, and include the correction thereof in the next Error
Correction released by ABT and provided to Licensee under Section 6.2. The
foregoing are Licensee's sole and exclusive remedies for breach of warranties.
The warranty will apply only if the then-current version of the Software has
been properly installed and used at all times and in accordance with the
Documentation.

                      (e) AUTHORITY. ABT represents and warrants to Licensee
that ABT has full power, right and authority to enter into this Agreement, to
carry out its obligations under this Agreement and to grant the rights granted
to Licensee herein.

                      (f) SERVICES. ABT represents and warrants to Licensee that
all Services performed by ABT under this Agreement will be performed in a
professional manner consistent with industry standards. In the event of a breach
of such warranty, ABT shall re-perform the non-conforming services at no charge.
The foregoing is Licensee's sole and exclusive remedy for breach of such
warranty.

               4.2 LICENSEE WARRANTY. Licensee represents and warrants to ABT
that Licensee has full power, right and authority to enter into this Agreement,
to carry out its obligations under this Agreement and to grant the rights
granted to ABT herein. Licensee represents and warrants to ABT that Licensee is
sufficiently capitalized to undertake the business transaction contemplated
hereunder.

               4.3 DISCLAIMER. EXCEPT FOR THE EXPRESS LIMITED WARRANTY SET FORTH
IN SECTION 4.1 ABOVE, THE SOFTWARE, DOCUMENTATION AND BUSINESS PROCEDURES ARE
PROVIDED "AS-IS" AND WITHOUT WARRANTY OF ANY KIND, WHETHER EXPRESS, IMPLIED,
STATUTORY OR OTHERWISE. ABT HEREBY

                                      -11-
<PAGE>   20

DISCLAIMS ANY WARRANTY THAT THE OPERATION OF THE SOFTWARE WILL BE UNINTERRUPTED
OR ERROR-FREE. ABT SPECIFICALLY DISCLAIMS ALL IMPLIED WARRANTIES OF
NONINFRINGEMENT, MERCHANTABILITY, AND FITNESS FOR A PARTICULAR PURPOSE WITH
RESPECT TO THE SOFTWARE, DOCUMENTATION, BUSINESS PROCEDURES AND ANY SERVICES
PROVIDED BY ABT HEREUNDER.

               4.4 ADDITIONAL DISCLAIMER. The success of the business venture
contemplated to be undertaken by Licensee by virtue of this Agreement is
speculative and depends, to a large extent, upon the ability of Licensee as an
independent business operator and the active participation of Licensee in the
daily affairs of the Local Business, as well as other factors. ABT does not make
any representation or warranty, express, or implied, as to the potential success
of the business venture contemplated by this Agreement.

        5. COMPENSATION.

               5.1 MINIMUM ANNUAL LICENSE FEE. In consideration of the licenses
granted herein, Licensee shall pay to ABT the minimum license fee specified on
ATTACHMENT A ("MINIMUM ANNUAL LICENSE FEE"). The Minimum Annual License Fee will
be payable as indicated in ATTACHMENT A.

               5.2 ADDITIONAL LICENSE FEES. In consideration of the licenses
granted herein, no later than 90 days after the end of each calendar quarter
during the Term, Licensee shall pay to ABT [*] of any Gross Revenues booked by
Licensee during such quarter ("ADDITIONAL LICENSE Fees"). Licensee may credit,
against any fees due under this Section 5.2 for a given Fiscal Quarter, the
Minimum Annual License Fees already paid by Licensee for such Fiscal Quarter.

               5.3 MAINTENANCE FEE. In consideration of the services to be
provided by ABT under Section 6, Licensee shall pay to ABT the maintenance fee
specified on ATTACHMENT A (the "MINIMUM ANNUAL MAINTENANCE FEE"). The Minimum
Maintenance Fee will be payable in equal monthly installments in advance. ABT
may increase the Minimum Maintenance Fee after the first year of the Term, in
proportion to any increase in the Consumer Price Index over the previous year.

               5.4 INITIAL TRANSFER FEE. A portion of the Minimum Annual License
Fee is designated as the "Initial Transfer Fee." The parties acknowledge that
the Initial Transfer Fee is in consideration of ABT's efforts prior to the
Launch Date, including without limitation assisting Licensee in assessing the
technical requirements for operating the Local Business, and installing the
Software.

               5.5 DATA CENTER FEES. Licensee shall pay to ABT the Data Center
Fees indicated on ATTACHMENT A. Data Center Fees will be payable as indicated in
ATTACHMENT A. The parties acknowledge that the Data Center Fees are in
consideration of ABT's ongoing efforts on behalf of all NOCs to maintain the
data center hardware and software and to implement minor improvements to the
World Wide Web site for the Local Business. Such efforts include, but are not
limited to: (a) coordinating IT communication on NOCs' behalf with autobytel.com
inc., (b) receiving initial software transfer for NOCs, and (c) providing
additional customization services.

                                      -12-
<PAGE>   21

               5.6 PRODUCT MANAGEMENT FEES. Licensee shall pay to ABT the
Product Management Fees indicated on ATTACHMENT A. Product Management Fees will
be payable as indicated in ATTACHMENT A. The parties acknowledge that the
Product Management Fees are in consideration of ABT's ongoing efforts to make
employees available who assist in providing product support and developing new
products, as well as assisting with training and marketing efforts for the NOCs.
Such efforts may relate to, but are not limited to, the following areas: (a) New
Car Program, (b) Used Car Program, (c) Dealer Real Time, and (d) Auction
Programs.

               5.7 TAXES. All charges and Fees provided for in this Agreement do
not include any taxes, duties, or similar charges imposed by any government.
Licensee shall pay or reimburse ABT for all federal, state, dominion,
provincial, or local sales, use, personal property, excise or other taxes, fees,
or duties arising out of this Agreement or the transactions contemplated by this
Agreement (other than taxes on the net income of ABT).

               5.8 PAYMENT. Licensee shall calculate, denominate, and make all
payments in Euros by wire transfer to an account designated by ABT. Any payments
due under this Agreement which are not paid when due will bear interest, to the
extent permitted by applicable law, at the prime rate as reported by the Chase
Manhattan Bank, New York, New York, beginning on the date such payment is due,
plus an additional 3%, calculated on the number of days such payment is
delinquent. This Section 5.9 will not limit any other remedies available to any
party.

               5.9 RECORDS AND AUDITS. Licensee shall make and maintain, an
accounting and record keeping system, including the basic accounting information
necessary to prepare sufficient financial statements and a general ledger in
accordance with the United States Generally Accepted Accounting Principles
(GAAP) with adequate and verifiable records and supporting documentation,
including, without limitation, invoices, payroll records, check registers, sales
tax records, cash receipts and disbursements journals, and general ledgers in
order to calculate and confirm Licensee's payment obligations hereunder. At a
minimum, Licensee will maintain such records until the expiration of 3 years
after the year to which such records pertain. ABT will have the right, at its
own expense, to inspect, through either its employees or agents, and upon
reasonable notice in writing, and during regular business hours, such records,
as well as the physical plant, operations, and business practices of Licensee,
to verify the accuracy of fees paid by Licensee under the terms of this
Agreement, and to otherwise verify Licensee's compliance with the terms of this
Agreement; provided, however, that any third party auditors must sign a
non-disclosure agreement reasonably acceptable to Licensee. If any such
examination discloses a shortfall in the fees due to ABT hereunder, Licensee
shall reimburse ABT for the full amount of such shortfall plus interest and if
the amount of the underpayment for any period is more than 5% Licensee shall pay
ABT's costs of performing that audit with respect to such period.

        6. MAINTENANCE AND SUPPORT.

               6.1 SUPPORT. ABT shall provide Maintenance and Support as
described in Section 6.2 below. ABT's provision of Maintenance and Support to
Licensee will commence upon payment of the Maintenance Fee and will continue for
as long as Licensee continues to pay the annual Maintenance Fee.

                                      -13-
<PAGE>   22

               6.2 MAINTENANCE AND SUPPORT SERVICES. For purposes of this
Agreement, "MAINTENANCE AND SUPPORT" means that ABT shall: (a) use reasonably
diligent efforts to correct and resolve Errors that Licensee reports to ABT in
accordance with the escalation procedures set forth in ATTACHMENT E; and (b)
provide Error Corrections, Updates and Upgrades, if any, to the Software,
Business Procedures and Documentation that ABT releases during the current
period covered by the Minimum Maintenance Fee, in accordance with Section 2.6;
and (c) provide up to ______ hours of support services per year, in English,
pursuant to the escalation procedures in ATTACHMENT E. The parties acknowledge
that such services may include not only technical support, but also any
help-desk, marketing support, training, information technology consulting,
Business Procedure consulting, or any other services performed by ABT or its
Affiliates at Licensee's request. In addition, such services may include a
pro-rated portion of the services of ABT personnel serving Licensee as well as
other licensees of ABT; provided, however, that ABT shall pro-rate such services
in a reasonable fashion based on the time of such personnel spent assisting
Licensee. ABT shall provide Licensee with a monthly report of the hours of
support services provided under this Section 6.2. Each month, ABT shall invoice
Licensee in arrears for Fees for any Maintenance and Support services in excess
of one-twelfth of the allotted _______ hours for the year, in reasonable detail
showing such additional hours to the nearest quarter hour, and Licensee shall
pay such Fees no later than 15 days after the invoice date. Any such additional
Maintenance and Support services will be billed at a rate equal to [*] per
hour. ABT may increase such rate after the first year of the Term, in proportion
to any increase in the Consumer Price Index over the previous year, or the
equivalent European price index, as applicable.

               6.3 PROJECT MANAGERS AND STAFF. Each party shall designate a
project manager to administer Maintenance and Support under this Agreement. The
parties shall coordinate all Maintenance and Support work under this Agreement
through such project managers. Each party may change its project manager upon
written notice. ABT will ensure that only properly trained and qualified persons
perform its technical obligations under this Agreement.

        7. TRADEMARKS AND DOMAIN NAMES.

               7.1 TRADEMARKS. ABT hereby grants to Licensee the exclusive right
to use the ABT Brand in connection with a Local Business in the Territory. The
above license will include, without limitation, the right to indicate to the
public that Licensee is an authorized licensee of ABT and to advertise
Licensee's products and services in connection with the Local Business under the
ABT Brand. Licensee shall fully comply with the Global Brand Protocols in
relation to Licensee's use of the ABT Brand. All representations of the ABT
Brand that Licensee intends to use must first be submitted to ABT for approval
of design, color and other details, subject to the following limitations: (a)
ABT's approval will not be unreasonably withheld or delayed; (b) such approval,
once given, will not be unreasonably withdrawn; and (c) once ABT has approved a
particular use, Licensee need not re-submit for approval any substantially
similar use.

               7.2 RESTRICTIONS. Except as set forth in this Section 7, nothing
contained in this Agreement will grant or will be deemed to grant to Licensee
any right, title or interest in or to the ABT Brand. Licensee shall not
challenge or assist others to challenge the ABT Brand (except to the extent such
restriction is expressly prohibited by applicable law) or the registration
thereof or attempt

                                      -14-
<PAGE>   23

to register any trademarks, marks trade names, Uniform Resource Locators, or
other designations confusingly similar to those of ABT. If Licensee, in the
course of exercising its rights hereunder, acquires any goodwill or reputation
in the ABT Brand, all such goodwill or reputation will automatically vest in ABT
when and as, on an on-going basis, such acquisition of goodwill or reputation
occurs, as well as at the expiration or termination of this Agreement, without
any separate payment or other consideration of any kind to Licensee, and
Licensee agrees to take all such actions necessary to effect such vesting,
including without limitation the transfer to ABT of rights in any filings or
registrations made under Section 7.3, and including without limitation the
transfer from Licensee to ABT the Licensee Domain upon termination of this
Agreement. Upon termination of this Agreement, Licensee shall immediately cease
to use the ABT Brand and the Licensee Domain. Licensee also shall change its
corporate name and trade name and otherwise ensure that such names may not
reasonably be confused with the name, initials, trademark, service mark, or logo
of ABT or its Affiliates or any variation of such names, initials, trademarks,
service marks, or logos.

               7.3 TRADEMARK REGISTRATIONS IN THE TERRITORY. Licensee shall
advise ABT regarding the appropriate registrations or filings necessary to
protect the use of the ABT Brand in the Territory. To the extent permitted by
law, ABT shall make such registrations or filings with the appropriate
authorities. Licensee shall pay all costs or fees associated with such filing.

               7.4 REGISTERED USER AGREEMENTS. Licensee shall cooperate with ABT
to make any registrations or filings with the appropriate authorities referenced
in Section 7.3, including without limitation entering into registered user
agreements with respect to the ABT Brand pursuant to applicable trademark law
requirements in the Territory. Licensee will be responsible for proper filing of
registered user agreements with appropriate government authorities, and Licensee
shall pay all costs or fees associated with such filing.

               7.5 NAME BRANDING; PRODUCT PROTECTION. On any promotional
materials used or disseminated by Licensee relating to the Local Business,
Licensee shall display the ABT Brand. Where both Licensee's marks and the ABT
Brand are displayed, the marks will be presented equally legibly, and in a size
and style in accordance with ABT's then-current Global Brand Protocols.

               7.6 DOMAIN NAMES. ABT hereby grants to Licensee the right to use
the Licensee Domain, solely for the operation of a Local Business. ABT shall,
prior to the first date Licensee makes the World Wide Web site for the Local
Business generally available on the World Wide Web, register the Licensee Domain
name with InterNIC or its successor Internet name assignment authority, and
shall pay the registration fees for one year. Thereafter, Licensee shall in a
timely fashion renew such registration with such authority at its own expense
each time such registration becomes due during the Term.

        8. LIMITATION OF LIABILITY

        EXCEPT FOR LIABILITY FOR THIRD PARTY CLAIMS ARISING OUT OF SECTIONS 9 OR
10, (A) IN NO EVENT WILL EITHER PARTY'S TOTAL LIABILITY ARISING OUT OF OR
RELATED TO THIS AGREEMENT EXCEED THE TOTAL AMOUNTS PAID OR PAYABLE BY LICENSEE
TO ABT UNDER THIS AGREEMENT, AND (B) IN NO EVENT WILL EITHER PARTY HAVE ANY
LIABILITY FOR ANY INDIRECT, INCIDENTAL,

                                      -15-
<PAGE>   24

SPECIAL OR CONSEQUENTIAL DAMAGES, HOWEVER CAUSED AND ON ANY THEORY OF LIABILITY,
WHETHER FOR BREACH OF CONTRACT, TORT OR OTHERWISE, ARISING OUT OF OR RELATED TO
THIS AGREEMENT, INCLUDING BUT NOT LIMITED TO, LOSS OF ANTICIPATED PROFITS, LOSS
OF DATA, OR LOSS OF USE, EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY
OF SUCH DAMAGES.

        9. INDEMNIFICATION FOR INFRINGEMENT

               9.1 ABT INDEMNITY FOR INFRINGEMENT. ABT shall, at its expense,
defend or settle any claim, action or allegation brought against Licensee that
the Software, or any Localization or Extension developed by ABT, infringes any
copyright, trademark or trade secret right in the Territory of any third party,
or that any Localization or Extension not developed by Licensee infringes such
rights as a necessary result of specifications required by ABT, and shall pay
any final judgments awarded or settlements entered into; provided that Licensee
gives prompt written notice to ABT of any such claim, action or allegation of
infringement and gives ABT the authority to proceed as contemplated herein. ABT
will have the exclusive right to defend any such claim, action or allegation and
make settlements thereof in its own discretion, and Licensee may not settle or
compromise such claim, action or allegation, except with the prior written
consent of ABT. Licensee shall give such assistance and information as ABT may
reasonably require to settle, or oppose such claims. In the event any such
infringement, claim, action or allegation is brought or threatened, ABT shall,
at its sole option and expense:

                      (a) procure for Licensee the right to continue use of the
Software, Documentation, or Business Procedures or infringing part thereof;

                      (b) modify or amend the Software, Documentation or
Business Procedures or infringing part thereof, or replace the Software,
Documentation or Business Procedures or infringing part thereof with other
Software, Documentation or Business Procedures having substantially the same or
better capabilities; or if neither (a) nor (b) is reasonably possible,

                      (c) terminate this Agreement and repay to Licensee a
portion of the Minimum Annual License Fee equal to the amount paid by Licensee
less an amount equal to 1/12 of the total Minimum Annual License Fee for each
month or portion thereof of the current one year term to account for use by
Licensee.

        The foregoing obligations will not apply to the extent the infringement
arises as a result of modifications to the Software not made by or for ABT. The
foregoing states the entire liability of ABT with respect to infringement of any
patent, copyright, trademark, trade secret or other proprietary right.

               9.2 LICENSEE INDEMNITY. Licensee shall, at its expense, defend or
settle any claim, action or allegation brought against ABT (to the extent not
covered by Section 9.1) arising from the act or omission of Licensee, where a
third party alleges fraud, misrepresentation, or unfair business practices
arising from the operation of the Local Business, or those that arise from a
third party allegation that a Localized Version or Extension infringes any
copyright, trade secret or other intellectual property right in the Territory of
any third party, or that any Localization or Extension

                                      -16-
<PAGE>   25

developed by Licensee infringes such rights as a necessary result of
specifications required by Licensee, and shall pay any final judgments awarded
or settlements entered into; provided that ABT gives prompt written notice to
Licensee of any such claim, action or allegation of infringement and gives
Licensee the authority to proceed as contemplated herein. Licensee will have the
exclusive right to defend any such claim, action or allegation and make
settlements thereof in its own discretion, and ABT may not settle or compromise
such claim, action or allegation, except with the prior written consent of
Licensee. ABT shall give such assistance and information as Licensee may
reasonably require to settle or oppose such claims. In the event any such
infringement, claim, action or allegation is brought or threatened, Licensee
may, at its sole option and expense:

                      (a) procure for ABT the right to continue use of the
Localized Version or Extension or infringing part thereof; or

                      (b) modify or amend the Localized Version or Extension or
infringing part thereof, or replace the Localized Version or Extension or
infringing part thereof with other materials having substantially the same or
better capabilities.

               9.3 PROSECUTION OF INFRINGERS. ABT and Licensee shall give each
other written notice of any acts of infringement by third parties involving
intellectual property rights relating to the Localized Version, Extensions,
Software, Documentation, Business Procedures, or ABT Brand anywhere in the
Territory of which ABT or Licensee has knowledge, and the parties shall consult
together with a view to determine the course of action, if any, to be taken in
such circumstances. ABT will have the right to take action to enforce such
rights. If the parties are unable to agree on any such course of action to be
taken, then ABT shall authorize Licensee to take such actions as Licensee
considers necessary or appropriate and Licensee will be entitled to take such
actions at Licensee's expense. Each party shall render to the other any
assistance requested by the other in proceedings against an infringer within the
Territory, at the other party's expense. Any damage that might be awarded will,
after deduction of actual costs, be awarded to the party that undertakes legal
action.

        10. CONFIDENTIAL INFORMATION

               10.1 OBLIGATIONS. The parties acknowledge and agree that the
Confidential Information disclosed by one party (the "DISCLOSING PARTY") to the
other party (the "RECEIVING PARTY") directly or indirectly (which information is
marked as "proprietary" or "confidential" or, if disclosed orally, is designated
as confidential or proprietary at the time of disclosure) hereunder constitutes
the confidential and proprietary information of the Disclosing Party. The
Receiving Party shall retain in strict confidence and not disclose to any third
party any Confidential Information without the Disclosing Party's express
written consent, and the Receiving Party shall not use such Confidential
Information except to exercise the rights and perform its obligations under this
Agreement. Without limiting the foregoing, the Receiving Party shall use at
least the same procedures and degree of care which it uses to protect its own
Confidential Information of like importance, and in no event less than
reasonable care.

               10.2 EXCEPTIONS. The Receiving Party will be relieved of this
obligation of confidentiality to the extent it can demonstrate that any such
information is: publicly available,

                                      -17-
<PAGE>   26

already in the Receiving Party's possession at the time of disclosure and not
subject to a confidentiality obligation, obtained by the Receiving Party from
third parties without restrictions on disclosure, independently developed by the
Receiving Party without reference to Confidential Information, or required to be
disclosed by order of a court or other governmental entity or stock exchange, or
disclosed to business or legal advisors acting under a duty of confidentiality.

               10.3 SOURCE CODE PROTECTIONS. Licensee shall not under any
circumstances distribute the source code for the Software in any manner.
Licensee shall reproduce and shall not obscure or remove any marking on any copy
or Derivative Work of the source code for the Software. In addition, each copy
or Derivative Work of the source code for the Software must be marked as the
confidential and proprietary property of ABT to which access is restricted, and
Licensee shall keep and use the source code for the Software solely at
Licensee's secure development facilities under password protection. Licensee
agrees to limit access to the source code for the Software 24 hours a day, and
strictly to those employees or Contractors to whom access is reasonably
necessary in order to carry out the permitted uses of the source code for the
Software hereunder. Licensee shall keep records of all persons who have access
to the source code for the Software. At ABT's request, Licensee agrees to
provide such records to ABT for review.

               10.4 CONTRACTORS. Subject to Section 2.5, Licensee may appoint a
third party contractor ("CONTRACTOR") to assist Licensee in Licensee's
modification or implementation of the Localized Version as authorized hereunder;
provided, however, that any such Contractor's access to and use of the Software
(including the Localized Version): (a) will only be permitted pursuant to a
signed written agreement between Licensee and such Contractor that contains
terms at least as restrictive as those set forth in this Section 10, (b)
protects ABT's proprietary rights in the Software to the degree set forth in
this Agreement, and (c) grants the Contractor no rights in the Localized Version
beyond those expressly granted hereunder ("CONTRACTOR AGREEMENT"). Such
agreement must be approved in writing by ABT prior to its execution. Licensee
shall indemnify and hold harmless ABT against any breach of such Contractor
Agreement by such Contractor.

               10.5 NOTIFICATION OF SECURITY BREACH. Licensee shall notify ABT
promptly in the event of any breach of its security of which Licensee becomes
aware, under conditions in which it would appear that the trade secrets
contained in the source code for the Software or the Localized Version were
prejudiced or exposed to loss. Licensee shall, upon request of ABT, take all
other reasonable steps necessary to recover any compromised trade secrets
disclosed to or placed in the possession of Licensee by virtue of this
Agreement. The cost of taking such steps will be borne solely by Licensee.

               10.6 INJUNCTIVE RELIEF. In the event of breach of the provisions
of Section 10.1 or 10.3, the non-breaching party will have no adequate remedy at
law and will be entitled to immediate injunctive and other equitable relief,
without the necessity of showing actual money damages.

        11. TERM AND TERMINATION

               11.1 TERM. This Agreement will be effective as of the Effective
Date and will continue in full force and effect for a term of 10 years (the
"TERM") after the earlier of the Launch Date or , unless terminated as set forth
in this Section 11.

                                      -18-
<PAGE>   27

               11.2 TERMINATION. This Agreement may be terminated only as
follows, if any of the following events ("TERMINATION EVENTS") occur:

                      (a) NONPAYMENT OF FEES. In the event that: (i) Licensee
fails to pay the Fees as they become due; and (ii) fails to do so after 10 days
written notice thereof, ABT may terminate this Agreement upon written notice to
Licensee.

                      (b) DEFAULT. In the event that either party defaults in
the performance of a material non-monetary obligation under this Agreement
(other than nonpayment of Fees as set forth in Section 11.2(a)(i)) above, then
the non-defaulting party may provide written notice to the defaulting party
indicating: (i) the nature and basis of such default with reference to the
applicable provisions of this Agreement; and (ii) the non-defaulting party's
intention to terminate this Agreement. If such default is amenable to cure
within 30 days, the non-defaulting party may seek to terminate this Agreement
under this Section 11.2(b) in the event that such material default is not cured
within such 30 day period. If such default is not amenable to cure within 30
days, then the non-defaulting party may seek to terminate this Agreement if the
defaulting party has not made significant and ongoing attempts to cure such
default within 30 days, or if the defaulting party has not cured such default as
soon as possible thereafter. In either case, upon the expiration of such cure
periods the non-defaulting party may initiate an arbitration proceeding to
terminate this Agreement in accordance with Section 15.13(b). The parties shall
instruct the arbitrators to make a determination as to whether a material
default has occurred within 30 days after the arbitration proceeding is
initiated. If the arbitrators determine that a material default has occurred,
the non-defaulting party may terminate this Agreement immediately upon written
notice.

                      (c) ABT may terminate this Agreement immediately upon
written notice if Licensee: (i) terminates or suspends its business; (ii) admits
in writing its inability to pay its debts as they mature, makes an assignment
for the benefit of creditors, or becomes subject to direct control of a trustee,
receiver or similar authority; or (iii) becomes subject to any bankruptcy or
insolvency proceeding under federal, foreign, or state statutes.

                      (d) In the event ABT: (i) winds up or terminates its
business; (ii) admits in writing its inability to pay its debts as they mature,
makes an assignment for the benefit of creditors, or becomes subject to direct
control of a trustee, receiver or similar authority; or (iii) becomes subject to
any bankruptcy or insolvency proceeding under federal, foreign, or state
statutes; ABT shall assign the all rights and obligations of ABT under this
Agreement to autobytel.com inc. ABT hereby represents and warrants that ABT has
entered into an agreement with autobytel.com inc. consenting to such assignment.

               11.3 EFFECT OF TERMINATION.

                      (a) SURVIVAL. Upon termination of this Agreement in
accordance with the above provisions, the rights and licenses granted under this
Agreement will immediately terminate except as otherwise stated herein. The
terms and conditions of the following Sections will survive termination or
expiration of this Agreement: 1, 2.4, 2.7, 4.3, 4.4, 5.9, 7.2, 8, 9, 10, 11.3,
13 and 15, as well as any payment obligations in accordance with Section 5 which
accrued prior to expiration or termination hereof.

                                      -19-
<PAGE>   28

                      (b) RETURN OF MATERIALS. Within 30 days after the date of
termination or discontinuance of this Agreement for any reason whatsoever,
Licensee shall, at ABT's option, return or destroy any copies of the Software,
Documentation, Business Procedures and any other Confidential Information in its
possession that is in tangible form. Licensee shall furnish ABT with a
certificate signed by an executive officer of Licensee verifying that the same
has been done.

                      (c) NON-COMPETITION. If this Agreement is terminated by
ABT under Section 11.2(b) or (c) before the end of the Term, then during the
period between termination of this Agreement and one year after termination of
the Agreement, Licensee shall not operate a Local Business. If Licensee assigns
this Agreement to another party in accordance with the terms of Section 12, this
obligation will run to Licensee, and to such assignee.

               11.4 LICENSE IF ABT ENTERS BANKRUPTCY. If, at any time during the
Term, ABT: (a) files a voluntary petition in bankruptcy under Chapter 7 of 11
United States Code (the "BANKRUPTCY CODE"); or (b) has an involuntary petition
in bankruptcy filed against it under Chapter 7 of the Bankruptcy Code, which
petition is not dismissed within 90 days, Licensee may elect to retain its right
in the licenses granted in this Agreement, subject to the terms of this
Agreement, in accordance with Chapter 3, Section 365(n) of the Bankruptcy Code.
The licenses granted in this Agreement will be deemed licenses of "intellectual
property" under Section 365(n) of the Bankruptcy Code.

        12. NONASSIGNMENT/BINDING AGREEMENT. Neither this Agreement, nor any
rights under this Agreement, may be assigned or otherwise transferred by
Licensee, in whole or in part, whether voluntary, or by operation of law,
including by way of sale of assets, merger or consolidation, without the prior
written consent of ABT. ABT may assign all its rights and obligations under this
Agreement in accordance with Section 11.2(d), or otherwise to an Affiliate of
ABT. Any permitted assignee must agree in writing to be bound by all the terms
and conditions of this Agreement. Subject to the foregoing, this Agreement will
be binding upon and inure to the benefit of the parties and their respective
successors and assigns.

        13. NON-SOLICITATION. Each party acknowledges and agrees that the
technical and development employees and consultants of the other party are a
valuable asset of such party and are difficult to replace. Accordingly, each
party agrees that, for the Term and for a period of 2 years thereafter, it will
not offer employment as an employee, independent contractor, or consultant to
any such employee or consultant of the other party. In the event of a breach of
the provisions of this Section 13, the parties agree that it would be difficult
to determine the amount of actual damages that would result from such breach.
The parties further agree that in the event of a breach of the provisions of
this Section 13, the breaching party shall pay the non-breaching party
liquidated damages of $50,000 for each such breach, which is the parties' good
faith estimate of the amount of damages to the non-breaching party from such
breach.

        14. NOTICES. Any notice, submission, or communication required or
permitted under the terms of this Agreement, or required by law, whether or not
so required elsewhere in this Agreement, must be in writing and must be: (a)
delivered in person, (b) sent by first class registered mail, return receipt
requested, or air mail, as appropriate, or (c) sent by overnight air courier; in
each case

                                      -20-
<PAGE>   29

properly posted and fully prepaid to the appropriate address set forth below.
Either party may change its address for notice by notice to the other party
given in accordance with this Section 14. Notices will be considered to have
been given at the time of the earlier of: (p) actual delivery in person, (q) the
date of a receipt of such notice signed by an authorized representative of the
party being notified, (r) the date of a written confirmation of receipt by the
party being notified, or (s) 30 days after deposit in the mail as set forth
above.

        15. MISCELLANEOUS

               15.1 FORCE MAJEURE. Neither party will incur any liability to the
other party on account of any loss or damage resulting from any delay or failure
to perform all or any part of this Agreement if such delay or failure is caused,
in whole or in part, by embargoes, floods, acts of civil or military authority,
fuel crisis, acts of God, strikes, lockouts, riots, acts of war, fires and
explosions ("FORCE MAJEURE"), but the inability to meet financial obligations is
expressly excluded. The time for performance will be extended for a period equal
to the duration of the delay, but in no event longer than 90 days. If, as a
result of a Force Majeure, a party is unable to resume performance within such
90 day period, the other party will have the right to terminate this Agreement.

               15.2 NO WAIVER; AMENDMENT. Any waiver of the provisions of this
Agreement or of a party's rights or remedies under this Agreement must be in
writing to be effective. Failure, neglect, or delay by a party to enforce the
provisions of this Agreement or its rights or remedies at any time will not be
construed and will not be deemed to be a waiver of such party's rights under
this Agreement and will not in any way affect the validity of the whole or any
part of this Agreement or prejudice such party's right to take subsequent
action. This Agreement may not be amended, except by a writing signed by both
parties.

               15.3 SEVERABILITY. If any term, condition, or provision of this
Agreement is found to be invalid, unlawful or unenforceable to any extent, the
parties shall endeavor in good faith to agree to such amendments that will
preserve, as far as possible, the intentions expressed in this Agreement. If the
parties fail to agree on such an amendment, such invalid term, condition or
provision will be severed from the remaining terms, conditions and provisions,
which will continue to be valid and enforceable to the fullest extent permitted
by law.

               15.4 ENTIRE AGREEMENT. This Agreement (including the Attachments
hereto) contains the entire agreement of the parties with respect to the subject
matter of this Agreement and supersedes all previous communications,
representations, understandings and agreements, either oral or written, between
the parties with respect to said subject matter.

               15.5 NO CONFLICTING PROVISIONS. No terms, provisions or
conditions of any purchase order, acknowledgment or other business form that
either party may use in connection with this Agreement have any effect on the
rights, duties or obligations of the parties under, or otherwise modify, this
Agreement, regardless of any failure of the other party to object to such terms,
provisions or conditions.

                                      -21-
<PAGE>   30

               15.6 CONSENT. Unless expressly provided otherwise in this
Agreement, any prior consent of ABT that is required before Licensee may take an
action may be granted or withheld in ABT's sole and absolute discretion.

               15.7 EXPORT RESTRICTIONS. Licensee understands that ABT is
subject to regulation by agencies of the U.S. government, including, but not
limited to, the U.S. Department of Commerce, which prohibit export or diversion
of certain technical products to certain countries. Licensee warrants that it
will comply in all respects with the Export Administration Regulations and all
other export or re-export restrictions applicable to the Software and
Documentation licensed hereunder. Further, Licensee shall cooperate as requested
by ABT to ensure compliance with any export restrictions or licenses relating to
the Software and Documentation.

               15.8 PRESS RELEASES. Neither party shall disclose to any third
party the terms and conditions of this Agreement, except as required by the law,
of any relevant jurisdiction, or to any securities exchange or regulatory
authority or governmental body to which either party is subject, wherever
situated whether or not the requirement has force of law, in which case the
party making such disclosure shall take all such steps as are reasonable and
practicable in the circumstances to agree upon the contents of such disclosure
with the other party before marking such disclosure. Either party may disclose
the terms and conditions of this Agreement to their respective legal or business
advisors with a need to know acting under a duty of confidentiality.
Notwithstanding the above, at a mutually agreed time, as soon as possible but no
later than 30 days after the Effective Date, ABT and Licensee shall issue a
mutually acceptable joint press release announcing the relationship contemplated
by this Agreement.

               15.9 RIGHTS AND REMEDIES. No exercise or enforcement by either
party of any right or remedy under this Agreement will preclude the enforcement
by such party of any other right or remedy under this Agreement or that such
party is entitled by law to enforce.

               15.10 COUNTERPARTS. This Agreement may be executed in
counterparts, each of which so executed will be deemed to be an original and
such counterparts together will constitute one and the same agreement.

               15.11 GOVERNING LAW. This Agreement will be interpreted and
construed in accordance with the laws of the State of California and the United
States of America, without regard to conflict of law principles and excluding
the 1980 United Nations Convention on Contracts for the International Sale of
Goods.

               15.12 LANGUAGE. This Agreement is in the English language only,
which language shall be controlling in all respects, and all versions hereof in
any other language shall not be binding on the parties hereto. All
communications and notices to be made or given pursuant to this Agreement shall
be in the English language.

               15.13 DISPUTE RESOLUTION.

                      (a) ESCALATION. If a dispute otherwise arises under this
Agreement, it should be referred to the President of each of the parties for
resolution, and such persons shall use their best

                                      -22-
<PAGE>   31

efforts to resolve the matter for no less than 30 days. Any matter such persons
are unable to resolve within such period may be submitted to the dispute
resolution procedure set forth in Section 15.13 (b) or (c), as applicable.

                      (b) ARBITRATION. Any dispute or claim arising out of or in
relation to this Agreement not resolved by Sections 15.13(a) must be settled by
binding arbitration under the Rules of Conciliation and Arbitration of the
International Chamber of Commerce as presently in force ("RULES") and by one
arbitrator appointed in accordance with said Rules. Judgment on the award
rendered may be entered in any court having jurisdiction thereof. The place of
arbitration will be Orange County, California, U.S.A. Any monetary award must be
calculated and denominated in U.S. dollars and the arbitration must be conducted
in the English language. Notwithstanding the above, either party may apply to
any court of competent jurisdiction for injunctive or equitable relief.

               15.14 LEGAL EXPENSES. If there is a successful action by one
party against the other party to enforce this Agreement or obtain damages as a
result of any breach of this Agreement, then the prevailing party shall be
entitled to recover from the other party, in addition to any damages, all costs
and expenses incurred by the prevailing party in connection with the action,
including reasonable attorneys' fees and court costs.

        IN WITNESS WHEREOF, the parties have caused this Agreement to be signed
by duly authorized representatives on the dates set forth below.

       AUTOBYTEL. EUROPE LLC ("ABT")    ("Licensee")

By:                                     By:
   --------------------------------        -------------------------------------
Name:                                   Name:
     ------------------------------          -----------------------------------
Title:                                  Title:
      -----------------------------           ----------------------------------
Date:                                   Date:
     ------------------------------          -----------------------------------
Address:                                Address:
        ---------------------------             --------------------------------

                                      -23-
<PAGE>   32

                                  ATTACHMENT A

        SOFTWARE:

        The Software will include the following core business applications:

        [TO BE PROVIDED AS APPROPRIATE FOR EACH NOC]

        FEES[DESCRIBE THE FOLLOWING FEES:]

        MINIMUM ANNUAL LICENSE FEE.

        ADDITIONAL LICENSE FEES.

        MAINTENANCE FEE.

        INITIAL TRANSFER FEE.

        DATA CENTER AND PRODUCT MANAGEMENT FEES:

        The Autobytel.Europe concept has as one if its core tenets the ability
to achieve pan-European cost leadership through centralizing both Data Center
and Product Management functions. It is proposed that such centralization will
reduce costs to the NOC's which, without such centralization, would be forced to
re-create the same systems and support functions on a country by country basis.

        A. THE FOLLOWING PROVIDES NON-EXHAUSTIVE EXAMPLES OF THE FUNCTIONS
        ASSIGNED TO THE DATA CENTER AND PRODUCT MANAGEMENT GROUPS:

        Data Center

        Coordinate IT communication on NOC's behalf with Autobytel.com

        Receive initial software transfer for NOC's

        Develop or cause to be developed necessary Localization, Derivative
        Works, Extensions, and/or Updates & Upgrades (such developments will be
        subject to additional charges)

        Host all NOC websites

        Provide additional customization requested by NOC's (such customization
        will be subject to an additional charge)

        B. PRODUCT MANAGEMENT WILL BE PROVIDED FOR THE FOLLOWING ABT PRODUCT
        LINES:

           [TBD]

<PAGE>   33

        The costs incurred to provide these support services, excluding senior
management support and oversight, will be billed on a pro-rata basis to the
NOC's (based upon vehicle registration or an alternative measurement standard
agreeable to the NOC's). Provided, however, if the NOC has special service
requirements, ABT will attempt to provide such services at an additional charge.
The NOC's will, after the first year of operation, project their usage
requirements for the various support functions and will submit these estimates
to ABT. ABT, in turn, will consolidate the requests and will determine the
appropriate staffing, systems, etc. that will be required to deliver such
services to the NOC's. ABT will present the budget to each NOC, who, in turn
will approve the budget for the following year. In the event the NOC's are
unable to collectively agree on the budget, then the CEO of ABT shall decide the
final budget after consultation with the board of ABT.

        The parties shall negotiate in good faith any changes to the above terms
that may be necessary as a result of any change in the Business Procedures.

<PAGE>   34

                                  ATTACHMENT B

        [ATTACH BUSINESS PROCEDURES AS OF EFFECTIVE DATE ]

                                  ATTACHMENT C

        [ATTACH BRANDING PROTOCOLS AS OF EFFECTIVE DATE ]

                                  ATTACHMENT D

        [ATTACH SERVICES AGREEMENT]

                                  ATTACHMENT E

        [ATTACH ESCALATION PROCEDURES AS OF EFFECTIVE DATE ]

<PAGE>   35

                                  ATTACHMENT F

                              DRT END USER LICENSE

                                       DRT
                        DEALER REAL TIME ACCESS AGREEMENT

           THIS AGREEMENT IS ENTERED INTO THIS____,DAY OF ______ BETWEEN
_____________, AND _____________, A(N) __________ LIMITED LIABILITY CORPORATION,
WITH ITS PRINCIPAL PLACE OF BUSINESS LOCATED AT __________________________
("LICENSEE").

           WHEREAS, LICENSEE HAS EXECUTED AN AUTOBYTEL.COM INC. NEW CAR
SUBSCRIPTION AGREEMENT AND/OR "USED CAR CYBERSTORE(TM)" SUBSCRIPTION AGREEMENT;
AND

           WHEREAS, LICENSOR HAS DEVELOPED AND OWNS THE RIGHT TO LICENSE CERTAIN
PROPRIETARY SOFTWARE PROGRAMS COMMONLY REFERRED TO AS THE AUTO-BY-TEL DEALER
REAL TIME (DRT) PROGRAM AS WELL AS RELATED INFORMATION AND DOCUMENTATION
CURRENTLY RESIDING EXCLUSIVELY WITH LICENSOR; AND

           WHEREAS, LICENSEE HAS REPRESENTED TO LICENSOR THAT THEY WILL PROVIDE
FOR THEMSELVES A PERSONAL COMPUTER, AND CERTAIN ANCILLARY EQUIPMENT RELATED
THERETO WHICH MEETS THE MINIMUM SPECIFICATIONS SET FORTH HEREIN (TOGETHER, THE
"EQUIPMENT") FOR USE IN CONNECTION WITH DRT AND

        WHEREAS, LICENSOR WILL PROVIDE DATA ACCESS, PROGRAM MAINTENANCE,
UPDATING AND HELP-LINE TECHNICAL SERVICES TO LICENSEE TO ASSIST LICENSEE IN THE
USE OF THE PROGRAMS;

        NOW, THEREFORE, IN CONSIDERATION OF THE MUTUAL COVENANTS AND PREMISES
HEREIN RECITED AND FOR OTHER GOOD AND VALUABLE CONSIDERATION, THE RECEIPT AND
SUFFICIENCY OF WHICH IS HEREBY ACKNOWLEDGED, THE PARTIES, INTENDING TO BE
LEGALLY BOUND HEREBY, WARRANT, COVENANT AND AGREE AS FOLLOWS:

        GRANT OF LICENSE. LICENSOR HEREBY GRANTS TO LICENSEE A NON-EXCLUSIVE,
NON-TRANSFERABLE LICENSE TO ACCESS AND USE THE DRT PROPRIETARY PROGRAM AND ANY
RELATED INFORMATION AND DOCUMENTATION SUPPLIED BY LICENSOR SUBJECT TO THE TERMS
AND CONDITIONS CONTAINED IN THIS AGREEMENT.

        TERM OF THIS AGREEMENT: EXCEPT AS PROVIDED HEREIN, THE RIGHTS AND
OBLIGATIONS CONFERRED BY THIS AGREEMENT SHALL RUN CONCURRENTLY WITH THE TERM OF
THE ABT MASTER SUBSCRIPTION AGREEMENT EXECUTED BETWEEN THE PARTIES. LICENSOR MAY
IMMEDIATELY TERMINATE THIS AGREEMENT IN THE EVENT OF A MATERIAL BREACH BY
LICENSEE OF ANY PROVISION OF THIS AGREEMENT, OR ANY OTHER AGREEMENT BETWEEN
LICENSEE AND LICENSOR OR ANY OF THEIR RESPECTIVE AFFILIATES, INCLUDING WITHOUT
LIMITATION THE ABT MASTER SUBSCRIPTION AGREEMENT. EITHER PARTY MAY VOLUNTARILY
TERMINATE THIS AGREEMENT UPON 30 DAYS' WRITTEN NOTICE TO THE OTHER PARTY. UPON
TERMINATION OF THIS AGREEMENT FOR ANY REASON, LICENSEE SHALL PROMPTLY
DISCONTINUE USE OF THE PROGRAMS, DELETE ALL COPIES OF THE DRT PROGRAM, IF ANY,
IN WHATEVER FORM, RESIDING ON ITS COMPUTERS, STORAGE MEDIA AND/OR ON HARD COPY.

        RIGHT OF USE. DURING THE TERM OF THIS AGREEMENT, LICENSEE SHALL HAVE THE
RIGHT TO ACCESS THE DRT PROGRAM IN CONNECTION WITH THE INTERNAL OPERATION AND
MANAGEMENT OF

<PAGE>   36

LICENSEE'S OWN BUSINESS. LICENSEE IS PROHIBITED FROM RESELLING OR OTHERWISE
ALLOWING ACCESS BY THIRD PARTIES NOT AFFILIATED WITH LICENSEE'S AUTO DEALERSHIP
BUSINESS.

        LICENSE FEE. LICENSEE SHALL PAY LICENSOR THE INITIAL SUM OF_____________
DOLLAR ($_________) AS CONSIDERATION FOR THE LICENSE GRANTED HEREUNDER.

        MONTHLY ACCESS FEE. LICENSEE SHALL PAY LICENSOR A MONTHLY ACCESS FEE OF
ONE HUNDRED AND FIFTY DOLLARS ($150.00) AND BE ENTITLED TO AN ACCESS VIA UNIQUE
PASSWORD(S) ALLOWING SIMULTANEOUS LOG-ON FOR A MAXIMUM OF TWO USERS PER SESSION.

        SYSTEM REQUIREMENTS. DEALER SHALL PROVIDE AT THEIR OWN EXPENSE A
PERSONAL COMPUTER AND RELATED EQUIPMENT THAT MEETS OR EXCEEDS THE FOLLOWING
MINIMUM SPECIFICATIONS:

        133 PENTIUM PROCESSOR; 32MB RAM; 33.6 MODEM (THE FASTER THE BETTER!);
2GB HARD DRIVE; WINDOWS '95; ISP (INTERNET SERVICE PROVIDER - IE: AT & T,
NETCOM, MCI....); NETSCAPE NAVIGATOR WEB BROWSER SOFTWARE (VERSION 3.0 OR
LATER).

        TECHNICAL SUPPORT. LICENSOR SHALL MAINTAIN FOR THE BENEFIT OF THE
LICENSEE A TECHNICAL SUPPORT HELP-LINE. LICENSOR SHALL ESTABLISH AND STAFF SUCH
HELP-LINE WITH PERSONS KNOWLEDGEABLE ABOUT THE DRT PROGRAM. THE HOURS OF
AVAILABILITY SHALL BE BETWEEN 6:00 A.M. AND 5:00 P.M. PST, EXCLUDING SATURDAYS
AND SUNDAYS. TECHNICIANS WILL PROVIDE ASSISTANCE TO LICENSEE WITH RESPECT TO
ACCESSING AND USING THE DRT PROGRAM ONLY. TECHNICAL ASSISTANCE AND SUPPORT
REGARDING COMPUTER OR RELATED HARDWARE ARE BEYOND THE SCOPE OF THIS AGREEMENT
AND WILL NOT BE PROVIDED BY LICENSOR. THE HOURS OF THE AVAILABILITY OF THE
HELP-LINE ARE SUBJECT TO CHANGE AT THE SOLE DISCRETION OF THE LICENSOR.

        COVENANTS OF LICENSEE. DURING THE TERM OF THIS AGREEMENT:

        LICENSEE SHALL ADOPT AND ENFORCE SUCH INTERNAL POLICIES, PROCEDURES AND
MONITORING MECHANISMS AS ARE NECESSARY TO ENSURE THAT THE DRT PROGRAM IS USED
ONLY IN ACCORDANCE WITH THIS AGREEMENT AND THAT ALL STEPS NECESSARY TO ENSURE
THAT NO PERSON OR ENTITY WILL HAVE UNAUTHORIZED ACCESS TO THE PROGRAMS ARE
TAKEN.

        LICENSEE SHALL NOT: ASSIGN, SUBLICENSE, LEASE, ENCUMBER OR OTHERWISE
TRANSFER OR ATTEMPT TO TRANSFER THE DRT PROGRAM OR ANY PORTION THEREOF; PERMIT
ANY THIRD PARTY OTHER THAN THE LICENSEE OR ITS AUTHORIZED AGENT ACTING IN BEHALF
OF LICENSEE, TO HAVE ACCESS TO THE DRT PASSWORDS OR TO USE PROGRAMS, WHETHER BY
TIMESHARING, NETWORKING, OR ANY OTHER MEANS; DUPLICATE, MODIFY, TRANSLATE,
REVERSE, ENGINEER, DECOMPILE OR DISASSEMBLE THE DRT PROGRAM; POSSESS OR USE THE
PROGRAMS OR ANY PORTION THEREOF, OTHER THAN IN MACHINE READABLE OBJECT CODE;
REMOVE ANY COPYRIGHT, TRADEMARK, PATENT OR OTHER PROPRIETARY NOTICES FROM THE
DRT PROGRAM(S), OR ANY PORTION THEREOF WITHOUT THE EXPRESS WRITTEN CONSENT OF
LICENSOR.

        PROGRAM MODIFICATIONS: ONLY THE LICENSOR SHALL MAKE PROGRAM
MODIFICATIONS. LICENSOR SHALL FROM TIME TO TIME PROVIDE UPGRADES AND/OR
MODIFICATIONS TO THE DRT PROGRAM TO LICENSEE. LICENSEE SHALL ACCEPT ANY UPGRADES
OR OTHER MODIFICATION MADE BY LICENSOR TO THE PROGRAMS.

        NO WARRANTY. THE PROGRAMS ARE PROVIDED ON AN "AS-IS" BASIS. LICENSOR
MAKES NO WARRANTIES OR REPRESENTATIONS, EXPRESS OR IMPLIED, INCLUDING BUT NOT
LIMITED TO ANY IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A
PARTICULAR PURPOSE.

        LIMITATION OF REMEDIES. REGARDLESS OF WHETHER ANY REMEDY SET FORTH
HEREIN FAILS OF ITS ESSENTIAL PURPOSE, IN NO EVENT WILL THE LICENSOR BE LIABLE
THE DAMAGES TO THE LICENSEE FOR ANY SPECIAL, CONSEQUENTIAL, INDIRECT OR SIMILAR
DAMAGES, INCLUDING ANY LOST PROFITS OR LOST DATA BEYOND THE ACCESS FEE PAID FOR
THE MONTH IN WHICH THEY OCCURRED,

<PAGE>   37
ARISING OUT OF THE USE OR INABILITY TO USE THE DRT PROGRAM OR ANY DATA SUPPLIED
THEREWITH.

        PROPRIETARY DATA. LICENSEE ACKNOWLEDGES THAT THE PROGRAMS ARE
PROPRIETARY TO LICENSOR AND THAT IT HAS (AND WILL HAVE) NO INTEREST THEREIN OR
IN ANY MODIFICATIONS OR IMPROVEMENTS THERETO, AND HEREBY ASSIGNS TO LICENSOR ALL
RIGHTS IN ANY SUCH MODIFICATIONS OR IMPROVEMENTS MADE BY OR ON BEHALF OF
LICENSEE.

        CONFIDENTIALITY. FOR THE PURPOSE OF THIS AGREEMENT, CONFIDENTIAL
INFORMATION INCLUDES THE DRT PROGRAMS AND ALL OTHER INFORMATION PROVIDED BY
LICENSOR MARKED "CONFIDENTIAL." INFORMATION SHALL NOT BE DEEMED CONFIDENTIAL
INFORMATION AND LICENSEE AND LICENSEE'S EMPLOYEES SHALL HAVE NO OBLIGATION WITH
RESPECT TO ANY SUCH INFORMATION IF SUCH INFORMATION: (A) IS OR FALLS INTO THE
PUBLIC DOMAIN THROUGH NO WRONGFUL ACT OF LICENSEE OR THE LICENSEE'S EMPLOYEES;
(B) IS RIGHTFULLY RECEIVED FROM A THIRD PARTY WHO IS WITHOUT RESTRICTION AND
WITHOUT BREACH OF THIS AGREEMENT; (C) IS APPROVED FOR RELEASE BY WRITTEN
AUTHORIZATION OF AN OFFICER OF LICENSOR; OR (D) IS DISCLOSED PURSUANT TO THE
REQUIREMENTS OF A GOVERNMENTAL AGENCY OR OPERATION OF LAW.

SHOULD THE LICENSEE OR LICENSEE'S EMPLOYEES LEARN OF CONFIDENTIAL INFORMATION
FROM LICENSOR OR ANY OTHER SOURCE, NEITHER LICENSEE NOR LICENSEE'S EMPLOYEES
SHALL, AT ANY TIME DURING THE TERM, OR FOR ONE YEAR THEREAFTER, DISCLOSE SUCH
INFORMATION TO ANY INDIVIDUAL, AGENCY, COMPANY OR OTHER ENTITY. LICENSEE SHALL
NOT USE SUCH CONFIDENTIAL INFORMATION FOR LICENSEE'S OWN ADVANTAGE OTHER THAN AS
PERMITTED BY THIS AGREEMENT.

        BOTH PARTIES RECOGNIZE AND ACKNOWLEDGE THAT BREACH OF THIS SECTION 13
WOULD CAUSE IRREPARABLE INJURY INADEQUATELY COMPENSABLE IN DAMAGES. ACCORDINGLY,
LICENSOR MAY SEEK AND OBTAIN INJUNCTIVE RELIEF AGAINST A BREACH OR THREATENED
BREACH HEREOF, IN ADDITION TO ANY OTHER LEGAL REMEDIES THAT MAY BE AVAILABLE AT
LAW OR IN EQUITY.

        14. ASSIGNMENT. EXCEPT FOR ASSIGNMENTS TO AFFILIATES, PROVIDED EACH SUCH
AFFILIATE AGREES TO BE BOUND BY THE TERMS HEREOF, LICENSEE MAY NOT, WITHOUT
LICENSOR'S PRIOR WRITTEN CONSENT, ASSIGN ITS RIGHTS OR DELEGATE ITS OBLIGATIONS
UNDER THIS AGREEMENT.

        SEVERABILITY. IF ANY PROVISION OF THIS AGREEMENT SHALL BE HELD TO BE
INVALID, ILLEGAL OR ENFORCEABLE, SUCH DETERMINATION SHALL IN NOR WAY ALTER OR
IMPAIR THE VALIDITY, LEGALITY AND ENFORCEABILITY OF THE REMAINING PROVISIONS OF
THIS AGREEMENT.

        GOVERNING LAW. THE FORMATION AND PERFORMANCE OF THIS AGREEMENT SHALL BE
GOVERNED AND INTERPRETED IN ACCORDANCE WITH THE LAWS IN EFFECT IN THE STATE OF
CALIFORNIA.

        ENTIRE AGREEMENT. THIS AGREEMENT AND ITS PREAMBLE CONSTITUTE THE ENTIRE
AGREEMENT BETWEEN THE PARTIES WITH RESPECT TO THE SUBJECT MATTER HEREOF AND
SHALL SUPERSEDE ALL PREVIOUS ORAL AND WRITTEN PROPOSALS, NEGOTIATIONS,
REPRESENTATIONS, COMMITMENTS AND OTHER COMMUNICATIONS BETWEEN THE PARTIES. THIS
AGREEMENT MAY NOT BE RELEASED, DISCHARGED, CHANGED OR MODIFIED EXCEPT BY A
WRITTEN INSTRUMENT THAT IS SIGNED BY DULY AUTHORIZED REPRESENTATIVES OF EACH
PARTY AND THAT EXPRESSLY INTENDS SUCH RELEASE, DISCHARGE, CHANGE OR
MODIFICATION.

        INDEPENDENT CONTRACTORS. NOTHING IN THIS AGREEMENT SHALL BE DEEMED OR
CONSTRUED BY THE PARTIES OR ANY THIRD PERSON TO CREATE A FRANCHISE, AGENCY,
PARTNERSHIP OR JOINT VENTURE BETWEEN LICENSOR AND LICENSEE.

        WAIVER. A FAILURE OF THIS LICENSOR TO ENFORCE AT ANY TIME ANY PROVISION
OF THIS AGREEMENT SHALL IN NO WAY AFFECT THE FULL RIGHT OF THE LICENSOR TO
ENFORCE SUCH PROVISION AT ANY TIME THEREAFTER.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00004-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00004-of-00352.parquet"}]]