AMAZON.COM, INC.

                   NONQUALIFIED STOCK OPTION LETTER AGREEMENT



TO: Tom A. Alberg                             Date of Grant:  December 6, 1995

         We are pleased to inform you that you have been selected by the Board
of Directors (the "Board") of Amazon.com, Inc. (the "Company") to receive a
nonqualified stock option for the purchase of 10,000 shares of the Company's
Common Stock at an exercise price of $2.00 per share.

         TERM:  The term of the option is five years from date of grant, unless
sooner terminated.

         VESTING:  The option will vest and become exercisable according to the
following schedule:

<TABLE>
<CAPTION>
Date on and After Which                             Exercisable Portion
 Option is Exercisable                                of Total Option
 ---------------------                                ---------------
<S>                                             <C>
     Date of Grant                                     4,000 Shares
Date of Grant + 2 Years                         An additional 3,000 Shares
Date of Grant + 4 Years                         An additional 3,000 Shares
</TABLE>

         EXERCISE:  During your lifetime only you can exercise the option.  The
option may be exercised by the personal representative of your estate, by the
beneficiary you have designated on forms prescribed by and filed with the
Company, or the beneficiary of your estate following your death.  You may use
the Notice of Exercise of Nonqualified Stock Option in the form attached to
this Agreement when you exercise the option.

         The Board of Directors may, in its sole discretion at the time of
exercise, determine that the exercise of this option is subject to your
execution of a Shareholders Agreement, in the form in use at the time of
exercise, whereby under certain circumstances, you grant to specified persons a
right to purchase the shares acquired by you upon exercise of the option.

         PAYMENT FOR SHARES:  The option may be exercised by the delivery of:

         (a)     Cash, personal check (unless, at the time of exercise, the
Company determines otherwise), bank certified or cashier's check;

         (b)     Unless the Board in its sole discretion determines otherwise,
shares of the capital stock of the Company held by you for a period of at least
six months having a fair market value at the time of exercise, as determined in
good faith by the Board, equal to the exercise price; or
<PAGE>   2
         (c)     After such time as the Company may have its common stock
publicly traded on a national securities exchange or other national trading
market, a properly executed exercise notice together with irrevocable
instructions to a broker to promptly deliver to the Company the amount of sale
or loan proceeds to pay the exercise price.

         WITHHOLDING TAXES:  As a condition to the exercise of the option, you
must make such arrangements as the Company may require for the satisfaction of
any federal, state or local withholding tax obligations that may arise in
connection with such exercise.  The Company has the right to retain without
notice sufficient shares of stock to satisfy the withholding obligation.  To
the extent permitted or required by the Company, you may satisfy the
withholding obligation by electing to have the Company or a related corporation
withhold from the shares to be issued upon exercise that number of shares
having a fair market value equal to the amount required to be withheld.  If you
are subject to Section 16 of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), you must comply with certain requirements in order to
make such election.

         TERMINATION:  If your relationship with the Company as an advisor,
consultant or member of the Board ceases for any reason, and unless by its
terms the option sooner terminates or expires, then you may exercise, for a
six-month period, that portion of the option which is exercisable at the time
of such cessation, but the option will terminate at the end of such period
following such cessation as to all shares for which it has not theretofore been
exercised.  Any portion of the option which is not exercisable at the time of
such cessation shall terminate upon such cessation.

         TRANSFERABILITY OF OPTION:  This option and the rights and privileges
conferred hereby may not be transferred, assigned, pledged or hypothecated in
any manner by you (whether by operation of law or otherwise) other than by will
or by the applicable laws of descent and distribution and shall not be subject
to execution, attachment or similar process.  This option is personal to you
and is exercisable solely by you.  Any attempt to transfer, assign, pledge,
hypothecate or otherwise dispose of this option or of any right or privilege
conferred hereby, contrary to the provisions hereof, or the sale or levy or any
attachment or similar process upon the rights and privileges conferred hereby
will be null and void.  Notwithstanding the foregoing, to the extent permitted
by applicable law and regulation, the Company, in its sole discretion, may
permit you to (i) during your lifetime, designate a person who may exercise the
option after your death by giving written notice of such designation to the
Company (such designation may be changed from time to time by you by giving
written notice to the Company revoking any earlier designation and making a new
designation) or (ii) transfer the option and the rights and privileges
conferred hereby.

         NO STATUS AS SHAREHOLDER:  Neither you nor any party to whom your
rights and privileges under the option pass will be, or have any of the rights
or privileges of, a shareholder of the Company with respect to any of the
shares issuable upon the exercise of this option unless and until this option
has been exercised.



                                       -2-
<PAGE>   3
         CONTINUATION OF RELATIONSHIP:  Nothing in this option will confer upon
you any right to continue in the employ or other relationship of the Company or
of a related corporation, or to interfere in any way with the right of the
Company or of any such related corporation to terminate your employment or
other relationship with the Company at any time.

         ADJUSTMENTS UPON CHANGES IN CAPITALIZATION:  The aggregate number and
class of shares covered by this option and the exercise price per share thereof
(but not the total price), will all be proportionately adjusted for any
increase or decrease in the number of issued shares of Common Stock of the
Company resulting from a split-up or consolidation of shares or any like
capital adjustment, or the payment of any stock dividend.

         (A)     EFFECT OF LIQUIDATION OR REORGANIZATION:

                 (1)      Cash, Stock or Other Property for Stock.  Except as
provided in subsection (a)(2), upon a merger, consolidation, acquisition of
property or stock, separation, reorganization or liquidation of the Company, as
a result of which the shareholders of the Company receive cash or other
property in exchange for or in connection with their shares of Common Stock and
will hold less than 50% of the voting securities of the acquiring entity, this
option will terminate, but you will have the right immediately prior to any
such merger, consolidation, acquisition of property or stock, separation,
reorganization or liquidation to exercise your option in whole or in part
whether or not the vesting requirements set forth in this agreement have been
satisfied.

                 (2)      Conversion of Options on Stock for Stock Exchange.
If the shareholders of the Company receive capital stock of another corporation
("Exchange Stock") in exchange for their shares of Common Stock in any
transaction involving a merger, consolidation, acquisition of property or
stock, separation or reorganization, this option will be converted into an
option to purchase shares of Exchange Stock.  The amount and price of converted
options will be determined by adjusting the amount and price of this option in
the same proportion as used for determining the number of shares of Exchange
Stock that holders of shares of Common Stock are entitled to receive in such
merger, consolidation, acquisition of property or stock, separation or
reorganization.  If, as a result of such transaction, the shareholders of the
Company immediately prior to the transaction will hold less than 50% of the
voting securities of the acquiring entity immediately after the transaction,
the converted option will be fully vested whether or not the vesting
requirements set forth in this agreement have been satisfied; provided,
however, that such acceleration will not occur if, in the opinion of the
Company's independent accountants, such acceleration would render unavailable
"pooling of interests" accounting treatment for any reorganization, merger or
consolidation of the Company for which pooling of interests accounting
treatment is sought by the Company.

         (B)     FRACTIONAL SHARES

         In the event of any adjustment in the number of shares covered by this
option, any fractional shares resulting from such adjustment will be
disregarded and the option will cover only the number of full shares resulting
from such adjustment.





                                      -3-

<PAGE>   4
         (C)     DETERMINATION OF BOARD TO BE FINAL

         All adjustments referred to herein will be made by the Board of
Directors, and its determination as to what adjustments will be made, and the
extent thereof, will be final, binding and conclusive.

         SECURITIES REGULATION:  Shares will not be issued pursuant to this
option unless the exercise of such option and the issuance and delivery of such
shares pursuant thereto complies with all relevant provisions of law,
including, without limitation, any applicable state securities laws, the
Securities Act of 1933, as amended, the Exchange Act, the rules and regulations
promulgated thereunder, and the requirements of any stock exchange upon which
the shares may then be listed.

         As a condition to the exercise of this option, the Company may require
you to represent and warrant at the time of any such exercise that the shares
are being purchased only for investment and without any present intention to
sell or distribute such shares if, in the opinion of counsel for the Company,
such a representation is required by any relevant provision of the
aforementioned laws.  At the option of the Company, a stop-transfer order
against any shares of stock may be placed on the official stock books and
records of the Company, and a legend indicating that the stock may not be
pledged, sold or otherwise transferred, unless an opinion of counsel is
provided (concurred in by counsel for the Company) stating that such transfer
is not in violation of any applicable law or regulation, may be stamped on
stock certificates in order to assure exemption from registration.  The Company
may also require such other action or agreement by you as may from time to time
be necessary to comply with the federal and state securities laws.  THIS
PROVISION SHALL NOT OBLIGATE THE COMPANY TO UNDERTAKE REGISTRATION OF THIS
OPTION OR THE SHARES ISSUABLE HEREUNDER.

         Should any of the Company's capital stock of the same class as the
stock subject to this option be listed on a national securities exchange, all
shares issued hereunder if not previously listed on such exchange will be
authorized by that exchange for listing thereon prior to the issuance thereof.





                                      -4-

<PAGE>   5
         Please execute the Acceptance and Acknowledgment set forth below on
the enclosed copy of this Agreement and return it to the undersigned.

                                        Very truly yours,



                                        AMAZON.COM, INC.

                                        _______________________________





                                        By   Jeff P. Bezos
                                           ----------------------------
                                        Its   President
                                            ---------------------------




                                      -5-

<PAGE>   6
                         ACCEPTANCE AND ACKNOWLEDGMENT

         I, a resident of the State of Washington, accept the nonqualified
stock option described herein.  I have read and understand the Agreement.

Dated:  December 6, 1995





         -  -                                      Tom A. Alberg
--------------------------                     ---------------------
 Taxpayer I.D. Number                              Tom A. Alberg


                                        Address     3404 East Ward
                                                ----------------------------
                                                  Seattle, WA  98112
                                        ------------------------------------
                                          
                                        ------------------------------------


         By her signature below, the spouse of the Optionee, if such Optionee
is legally married as of the date of his execution of this Agreement,
acknowledges that she has read this Agreement and is familiar with the terms
and provisions thereof, and agrees to be bound by all the terms and conditions
of this Agreement.

Dated:  December 6, 1995

                                        Judith Beck
                                        ----------------------------
                                        Spouse's Signature


                                        Judith Beck
                                        ----------------------------
                                        Printed Name

         By his signature below, the Optionee represents that he is not legally
married as of the date of execution of this Agreement.

Dated:  December 6, 1995

                                        -----------------------------
                                        Optionee's Signature






<PAGE>   7
                NOTICE OF EXERCISE OF NONQUALIFIED STOCK OPTION

To:  Amazon.com, Inc.

         I, a resident of the State of Washington, hereby exercise my
nonqualified stock option granted by Amazon.com, Inc. (the "Company") on
December 6, 1995, and notify the Company of my desire to purchase ________
shares of Common Stock of the Company (the "Securities") at the exercise price
of $__________ per share which were offered to me pursuant to said option.

         I hereby represent and warrant that (1) I have been furnished with all
information which I deem necessary to evaluate the merits and risks of the
purchase of the Securities; (2) I have had the opportunity to ask questions and
receive answers concerning the information received about the Securities and
the Company; and (3) I have been given the opportunity to obtain any additional
information I deem necessary to verify the accuracy of any information obtained
concerning the Securities and the Company.

         I am aware that the Securities have not been registered under the
Federal Securities Act of 1933 (the "1933 Act") or any state securities laws,
pursuant to exemption(s) from registration.  I understand that the reliance by
the Company on such exemption(s) is predicated in part upon the truth and
accuracy of the statements by me in this Notice of Exercise.

         I hereby represent and warrant that I am purchasing the Securities for
my own personal account for investment and not with a view to the sale or
distribution of all or any part of the Securities.

         I understand that because the Securities have not been registered
under the 1933 Act, I must continue to bear the economic risk of the investment
for an indefinite time and the Securities cannot be sold unless the Securities
are subsequently registered or an exemption from registration is available.

         I agree that I will in no event sell or distribute all or any part of
the Securities unless (1) there is an effective registration statement under
the 1933 Act and applicable state securities laws covering any such transaction
involving the Securities or (2) the Company receives an opinion of my legal
counsel (concurred in by legal counsel for the Company) stating that such
transaction is exempt from registration or the Company otherwise satisfies
itself that such transaction is exempt from registration.

         I consent to the placing of a legend on my certificate(s) for the
Securities stating that the Securities have not been registered and setting
forth the restriction on transfer contemplated hereby and to the placing of a
stop transfer order on the books of the Company and with any transfer agents
against the Securities until the Securities may be legally resold or
distributed.

         I understand that at the present time Rule 144 of the Securities and
Exchange Commission ("SEC") may not be relied on for the resale or distribution
of the Securities by me. 


<PAGE>   8
I understand that the Company has no obligation to me to register the
Securities with the SEC and has not represented to me that it will
register the Securities.

         I AM ADVISED, PRIOR TO MY PURCHASE OF THE SECURITIES, THAT NEITHER THE
OFFERING OF THE SECURITIES NOR ANY OFFERING MATERIALS HAVE BEEN REVIEWED BY ANY
ADMINISTRATOR UNDER THE SECURITIES ACT OF 1933, THE WASHINGTON STATE SECURITIES
ACT OR ANY OTHER APPLICABLE SECURITIES ACT (THE "ACTS") AND THAT THE SECURITIES
HAVE NOT BEEN REGISTERED UNDER ANY OF THE ACTS AND THEREFORE CANNOT BE RESOLD
UNLESS THEY ARE REGISTERED UNDER THE ACTS OR UNLESS AN EXEMPTION FROM SUCH
REGISTRATION IS AVAILABLE.

         Dated: 
                ---------------

-------------------------------         ----------------------------------
Taxpayer I.D. Number                                Tom A. Alberg

                                        Address
                                               ---------------------------    
                                        ----------------------------------
                                        ----------------------------------
                                       
                                       




<PAGE>   9
                                    RECEIPT

         _________________________ hereby acknowledges receipt from
______________ in payment for ______________ shares of Common Stock of
Amazon.com, Inc., a Washington corporation, of $_____________ in the form of

         [ ]     Cash

         [ ]     Check (personal, cashier's or bank certified)

         [ ]     __________ shares of the Company's Common Stock, fair market
                 value $_______ per share held by the Optionee for a period of
                 at least six months

         [ ]     Copy of irrevocable instructions to Broker



                                           ____________________________

Date:  _______________                     For:  Amazon.com, Inc.

Source: OneCLE Business Contracts.