VP of Sales and Market Development Employment Letter

VerticalNet, Inc.









Mr. Barry Wynkoop Potomac, MD



Dear Barry,



It is my pleasure to offer you the job of Senior Vice President of Sales and Market Development and corporate officer at VerticalNet, Inc.



Your will have direct responsibility for the Corporate sales effort of the company; selling storefronts, sponsorships, advertising and other promotional products and services to companies worldwide that are targets of the vertical industrial communities t hat VerticalNet operates on the Internet. Further, you will be responsible for all marketing, industrial shows/expositions and other corporate marketing activities to achieve your sales goals.



The particulars of the job offer are:



A. An annual salary of $175,000, paid semi-monthly.



B. A bonus of $100,000 annually, paid upon successful completion of your

annual sales targets (defined by GAAP revenue recognized from sales made by

people in your department) with a portion (30%) comprised of the company

achieving overall revenue and margin objectives.



If you exceed the sales target ...