CONFIDENTIAL

                      Addendum No. 1 to Market Agreement

     This Addendum No. 1 to Market Agreement (this "Addendum") is made as of 
August 1, 2000 (the "Effective Date") by and between Stamps.com Inc., a Delaware
corporation with offices at 3420 Ocean Park Boulevard, Suite 1040, Santa Monica,
California 90405 ("Client") and Cydcor Limited, an Ontario corporation with
offices at 155 Gordon Baker Road, Suite 212, Willowdale, Ontario, M2H 3N5
("Manager").

     WHEREAS, the parties have entered into a Market Agreement dated as of May 
15, 2000 (the "Agreement"); and

     WHEREAS, the parties wish to modify and supplement the provisions of such
Agreement.

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

     1.   Pursuant to Section 8 of the Agreement, the parties agree to extend 
the Agreement for an additional period of two (2) years from the Effective Date
of this Addendum (the "New Term").

     2.   During the New Term, the Payment Schedule attached hereto as Exhibit A
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shall apply:

     3.   As additional consideration for Manager's commitments hereunder, 
Client shall deliver to Manager as of the Effective Date of this Addendum, a 
Warrant Issuance Agreement substantially in the form attached hereto as 
Exhibit B.
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     4.   Capitalized terms used but not defined herein shall have the meaning 
given them in the Agreement.

     5.   Except as expressly set forth herein, the terms and conditions of the
Agreement shall continue in full force and effect.

     6.   This Addendum may be executed in one or more counterparts, each of 
which when executed shall be deemed to be an original but all of which taken 
together shall constitute one and the same instrument.
 
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     7.   In the event of a conflict between the Agreement and this Addendum, 
the terms and conditions of this Addendum shall control.

     IN WITNESS WHEREOF, the parties have caused their duly authorized 
representatives to enter into this Addendum, effective as of the Effective Date.

Cydcor Limited                               Stamps.com Inc.

By: /s/ Avie Roth                            By: /s/ Douglas Walner
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Name:  Avie Roth                             Name: Douglas Walner
     ---------------------                       -------------------- 

Title: Vice President                        Title: SVP, GM
     ---------------------                       -------------------- 

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                                   EXHIBIT A

                               PAYMENT SCHEDULE


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[*] Confidential information has been omitted and separately filed with the 
    Securities and Exchange Commission. Confidential treatment has been
    requested with respect to the omitted portions.   

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                                   EXHIBIT B