ERNEST DAVID CHU

                            2600 S. Ocean Blvd. #19D

                               Boca Raton, Florida

                                      33432

Tel: 561-447-0800
Fax: 561-447-8744
EDCHU@aol.com

January 18, 2000


Mr. Smiley Sansoni
President

World Wide Web Institute
Ft. Lauderdale, Fl.
6245 NW 9th Ave.
Ft. Lauderdale, Fl. 33309


Re: Compensation and Consulting Agreement

Dear Smiley:

         This letter supplements and extends the agreement between Ernest D. Chu
("Chu"),  who has been  acting as Chief  Financial  Officer  and has served as a
Director,  and WorldWideWeb  Institute.com,  Inc. ("WWWI") made this 18th day of
January 2000.

         o    Monthly  retainer:  It is  agreed  that in the  capacity  of Chief
              Financial Officer and a Director,  Chu will be compensated $10,000
              per month, payable on the first of the month. Such compensation is
              effective  from January 1, 2000 and will be paid  according to the
              terms of this agreement.  Chu agrees that he will accrue $2500 per
              month until such time that the Company completes a major financing
              of at least $5 million or more.

         o    Termination:  It is agreed that Chu's position as Chief  Financial
              Officer  may be  terminated  upon 60 days  written  notice  by the
              Company by the Company's Chief  Executive  Officer for any reason.
              If such  termination  is effected,  then the Company agrees to the
              terms of the  severance  and  consulting  agreement  as set  forth
              below.

         o    Severance:  In the event, that Chu is terminated for any reason or
              replaced from his position as Chief Financial Officer, WWWI agrees
              to pay him full  monthly  compensation  ($10,000 per month) at the
              rate  of  one  week  for  each  month  served  from  the  date  of
              termination to the date of original agreement, April 4, 1999, to a
              maximum of 16 weeks



<PAGE>



              (4 months).  Payment  will be made on the first of each month.  In
              addition, upon notice of termination,  the Company agrees to issue
              Chu a four-year  stock  purchase  warrant  for 40,000  shares at a
              price  which is the  average  of the  closing  bid price  over the
              previous 10 trading  days prior to the  termination  notice.  Such
              warrants shall contain a cash-less exercise provision,  no vesting
              conditions, and piggyback registration rights.

        o     Consulting  Contract:  The  Company  agrees  to  retain  Chu  as a
              director and a consultant  to the Company for 12 months  beginning
              on the date his severance compensation ceases. The minimum monthly
              rate will be $5000 per  month,  payable on the first of the month.
              Chu  will  provide   capital   markets  and   investor   relations
              assistance,  and other such management consulting as required, and
              will continue to serve a Director if requested.  Such an agreement
              may only be terminated  upon the earlier of 90 days written notice
              or one year for cause  which is  defined  as gross  negligence  of
              duty, and/or conviction of a felony in a state or Federal court.

         o    Expenses:  The Company  agrees to reimburse Chu for reasonable out
              of pocket expenses incurred in the performance of his duties. Such
              expenses would be reimbursed upon  presentation of receipts and an
              appropriate expense reimbursement invoice.

         o    Directors and Officers Liability Insurance:  The Company agrees to
              purchase  Director's and Officer's Liability Insurance Policy, and
              to include  Chu as a named  beneficiary  in such a policy as Chief
              Financial Officer and Director.

         o    Indemnification: In addition to Director's and Officer's Liability
              Insurance,  the  Company  agrees to  indemnify  Chu for any or all
              actions taken in the  performance of his duties as Chief Financial
              Officer and a Director,  including, but not limited to discussions
              of the Company with investors, regulatory filings, press releases,
              etc.

         o    Confidentiality:   Chu  agrees  to  keep  all  Company  non-public
              information and all non-public documents  confidential,  unless it
              is in the line of duty as the Company's Chief Financial Officer or
              in such role where there is explicit  permission  to do so. If Chu
              is terminated as a Chief Financial Officer, he agrees to return to
              the Company any  documents,  work  papers,  or other  materials or
              equipment that is the property of the Company.

         o    State Law and  Severability:  This agreement is subject to Florida
              State Law, and both parties represent they are authorized to enter
              into this  agreement,  and that such an agreement will not violate
              any  additional  terms.  This agreement is binding on the Company,
              its  successors  or  heirs.  If one  clause of this  agreement  is
              invalidated, then the other remaining parts of the agreement shall
              remain in force.



<PAGE>


         o    Notices:  Written  notices  from  the  Company  shall  be  sent by
              certified or Express mail to:

                     Corporate Builders Inc.
                     515 N. Flagler Dr.
                     W. Palm Beach, Fl.  33401

         I am most appreciative of the opportunity to serve the Company.  I look
forward to being an integral  part in the growth and progress of the Company and
to a long and prosperous relationship. With thanks.

Sincerely,


/s/ Ernest D. Chu
-----------------
Ernest D. Chu

AGREED AND ACCEPTED                                  Date: 1/18/2000


/s/ Smiley J. Sansoni
----------------------
Smiley J. Sansoni
President and Chief Executive