EXHIBIT 10.16


                         Pawnbroker.com, Inc. Agreement

     This  Agreement,  dated as of May 10,  2000 (this  "Agreement"),  is by and
between   redtagoutlet.com  Inc.  ("Redtag"),   a  Minnesota  corporation,   and
Pawnbroker.com, Inc. ("Pawn"), a Nevada corporation.

1. Recitals. Redtag is in the business of (a) facilitating the purchase and sale
of opportunity  merchandise  and continuity  merchandise by  participants in its
redtagbiz.com Internet website, and (b) purchasing  opportunity  merchandise and
reselling it over its redtagbiz.com  website and its redtag.com Internet website
and by  other  means.  Pawn  is in the  business  of  facilitating  the  sale of
opportunity merchandise by pawnbrokers over its pawnbroker.com Internet website.
Redtag  desires  to  contract  with  Pawn  to  provide  Redtag  with a  list  of
pawnbrokers for whom it sells  merchandise  and to link its Internet  website to
Redtag's website; and Pawn is willing to do the foregoing;  all on the terms and
conditions set forth in this Agreement.

2. Website  Linkup.  Redtag and Pawn shall each take, at their own expense,  all
actions  necessary  to link  their two  websites.  Redtag  shall  provide on its
website,  a Pawnbroker  banner in the form and style  mutually  agreed upon, and
links to Pawnbroker's  website under the icon "Home" on its redtag.com  website,
and under the icon "Marketing Partners" on its redtagbiz.com website. Pawn shall
provide on its website,  a Redtag banner in the form and style  mutually  agreed
upon,  and links to  Redtag's  website  under the icons  "Home"  and  "Marketing
Partners"  currently  on its  website  (or  similar).  All  such  work  shall be
completed within 30 days of the date hereof.

3.  Transaction  Commissions.  Redtag shall pay Pawn a commission equal to 5% of
the sales price of merchandise  purchased by visitors from Pawn's website.  Pawn
shall pay Redtag 50% of the net commissions  received (net commissions  received
defined as commissions earned less credit card fees).  Commissions received will
range  from 1% to 6% of the sales  price of the  merchandise,  depending  on the
category  and price of the item sold  (see  Attachment  A).  The  parties  shall
endeavor to keep track of all referred  customers by  electronic or other means.
Pawn shall furnish to Redtag a list of all Pawn clients  referred to Redtag with
respect to which commissions will be applicable. Except as provided in Section 7
and 8, no other  compensation shall be payable by either party to the other with
respect to any relationship,  business, transaction, or revenue derived by it as
a result of this Agreement,  or the  establishment  and operation of the website
links. This section does not apply to retail transactions, but does apply to all
transactions proposed or consummated by Redtag's retagbiz.com division.

4.  Non-solicitation and  Non-circumvention.  Redtag understands and agrees that
Pawn is  concerned  about the  possibility  that Pawn will  provide  Redtag with
access  and  opportunity  to  meet  and  get to  know  current  and  prospective
Participating  Pawnbrokers  and  that  Redtag  may  take  such  information  and
opportunity,  cease the  relationship  with Pawn, and use such



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information and opportunity to the detriment of Pawn.  Redtag  therefore  agrees
that for a period of two (2) years commencing at the time Redtag's  relationship
with Pawn ceases for any reason:

     (a)  Redtag  will  not  solicit  or  do  business  with  any  Participating
          Pawnbroker,  for  which a  commission  would be due under  Section  3,
          unless  Redtag  pays to Pawn the  applicable  commission  set forth in
          Section 3; and

     (b)  Redtag will not,  directly or indirectly,  (i) offer,  sell,  install,
          contract  with or  otherwise  provide  products or services of another
          company,  individual  or other entity that are similar to the products
          or services offered by Pawn to any Participating Pawnbroker introduced
          to Redtag by Pawn; or (ii) circumvent Pawn or otherwise interfere with
          the Pawn's business, by contracting with any third party that plans or
          intends  to  undertake,   or  is  investigating   the  feasibility  of
          undertaking,  any production,  development,  selling or marketing of a
          product or service related or similar to the Pawn's  business,  to any
          Participating Pawnbroker introduced to Redtag by Pawn.

5. Other Pawn  Undertakings.  Pawn shall furnish to Redtag, and update from time
to time, a list of all pawn stores participating in Pawn's website. Redtag shall
keep the list  confidential  but may offer to sell consumer  merchandise to such
pawn stores by means of its internet websites or auctions.

6. Other Redtag Undertakings. Redtag will use its best faith efforts to:

     (a)  explore what services offered by General Electric Capital  Corporation
          ("GECC")  can be  offered to  pawnbrokers  which are  participants  in
          Pawn's  website and to Pawn's retail  customers,  and for this purpose
          will  introduce  Pawn to Redtag's  GECC  contacts and arrange  initial
          meetings;

     (b)  explore and determine whether Value Vision  Interactive,  Inc. ("VVI")
          would be willing to create a television  program  offering  pawnbroker
          merchandise  or license the  Pawnbroker.com  name and show concept for
          its own use,  and/or  incorporate  the Pawn name, logo and merchandise
          into Redtag's television show over the VVI network. Redtag will try to
          secure an hour of  programming  each week for Pawn at a total  cost to
          Pawn of $8,000 per hour of airtime  (the "Pawn  Program").  Redtag and
          Pawn will agree to the format of the  programming for the Pawn Program
          and  shall  determine  the  merchandise  offered  for sale on the Pawn
          Program.  Redtag and Pawn shall  divide the net profits of the sale of
          merchandise on Pawn Program  equally.  Net profits shall be determined
          based on the selling price of the merchandise less (a) the actual cost
          of the merchandise  supplied by party  providing such  merchandise and
          (b) the expenses related to selling such merchandise.




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     (c)  explore and determine whether BoomBuy, Inc. would like to purchase and
          offer for sale, or offer for sale by Internet link to Pawn's  website,
          merchandise of the type offered for sale over Pawn's website.

7.  Compensation to Pawn. As compensation  for Pawn's  undertakings in Section 2
and 5, upon entering into this  Agreement,  Pawn shall have the right to receive
warrants  to  purchase  36,000  shares of Redtag  common  stock for the price of
$10.73 per share for a period of three (3) years, in the form attached hereto as
Exhibit A, the warrants to vest and become  exercisable  as follows:  (i) 12,000
upon the date hereof,  and (ii) one  twenty-fourth  of 24,000  warrants for each
month during which this Agreement remains in effect.

8. Compensation to Redtag. As compensation for Redtag's undertakings in Sections
2 and 6, upon entering into this Agreement, Pawn shall have the right to receive
warrants to purchase  72,000  shares of Pawn common stock for the price of $6.75
per  share  for a period  of three (3)  years,  in the form  attached  hereto as
Exhibit A, the warrants to become  exercisable as follows:  24,000 upon the date
hereof,  and one  twenty-fourth  of 48,000  warrants for each month during which
this Agreement remains in effect.

9. Termination of Agreement; Continuing Obligations. This Agreement shall be and
remain in effect until  December 31, 2000 and  thereafter  until  terminated  by
either  party.  Either party may  terminate  this  Agreement at any time for any
reason,  upon 30 days written  notice to the other party by registered  mail. No
warrants shall vest or become exercisable after the date of termination.

         In witness  whereof the parties  have caused this  Agreement to be duly
authorized and to be executed by their officers as set forth below.

Pawnbroker.com, Inc.                       redtagoutlet.com, Inc.

By: /s/ William Galine, Vice President     By: /s/ Thomas J. Petters, Chm & CEO
    -------------------------------            ------------------------------
    William Galine, Vice President             Thomas J. Petters, Chairman & CEO



                                           And: /s/ Thomas Hay
                                               ------------------------------
                                               Thomas Hay, Executive V.P.





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                                  Attachment A

General Category        9%       Commission earned
Rolex Category          4%       Commission earned
Loose Diamonds          4%       Commission earned
Specialty Cars          4%       Commission earned
High Value Art          4%       Commission earned

o    Net commission received = Commission earned less Credit Card Fees


General Category        9%      (Credit card fees) = Net Commission received
Rolex Category          4%      (Credit card fees) = Net Commission received
Loose Diamonds          4%      (Credit card fees) = Net Commission received
Specialty  Cars         4%      (Credit card fees) = Net Commission received
High  Value Art         4%      (Credit card fees) = Net Commission received

                     Pawnbroker.com Special Category Pricing

     o    Rolex = 1% Plus Credit Card Fees
     o    Loose Diamonds = 1% Plus Credit Card Fees
     o    Gold Coins = 1% Plus Credit Card Fees



As additional  categories are added,  Pawnbroker.com  will provide Redtag with a
detailed list of the categories and associated commission.