Market Leader, Inc. – Indentures Watch

from S-3 108 pages Market Leader, Inc., Issuer to , Trustee Indenture Convertible [Subordinated] Debt Securities Dated as of , 20

from S-3 98 pages Market Leader, Inc., Issuer to , Trustee Indenture [Subordinated] Debt Securities Dated as of , 20

from S-1/A 2 pages Common Stock Sold- Common Stock Incorporated Under the Laws of the State of Washington See Reverse for Certain Definitions Cusip 44183y 10 2 This Certifies That Is the Record Holder of Countersigned and Registered Mellon Investor Services LLC Transfer Agent and Registrar Authorized Signature Fully Paid and Nonassessable Shares of Common Stock, $0.001 Par Value, of Housevalues, Inc. Transferable on the Books of the Corporation by the Holder Hereof, in Person or by Duly Authorized Attorney Upon Surrender of This Certificate Properly Endorsed. This Certificate Is Not Valid Unless Countersigned by the Transfer Agent. in Witness Whereof, the Said Corporation Has Caused This Certificate to Be Signed by Its Duly Authorized Officers and to Be Sealed With the Seal of the Corporation. Dated: Secretary President and Chief Executive Officer Housevalues, Inc

from S-1 4 pages Amendment to Investors’ Rights Agreement

from S-1 40 pages Housevalues, Inc. Amended and Restated Investors’ Rights Agreement April 22, 2004 Housevalues, Inc. Amended and Restated Investors’ Rights Agreement Recitals