EMPLOYMENT AGREEMENT

     THIS  AGREEMENT,  dated as of March 1,  2000,  is made by and  between  IBS
Interactive,  Inc., a Delaware  corporation  (the  "Company") with its corporate
offices at 2 Ridgedale  Avenue,  Suite 350, Cedar Knolls,  New Jersey 07927, and
Roy E. Crippen,  III (the  "Executive"),  residing at 908 Anchorage Road, Tampa,
Florida 33602.

                                    RECITALS

     WHEREAS,  Company desires to employ  Executive and Executive  desires to be
employed by the Company;

     NOW,  THEREFORE,  in  consideration  of the mutual  promises and  covenants
contained herein and for other good and valuable consideration,  the receipt and
adequacy of which are hereby acknowledged, the parties hereto agree as follows:

1.    EMPLOYMENT; TERM.

     (A)  EMPLOYMENT  Subject to the terms and conditions set forth herein,  the
          Company  agrees  to  employ  and  Executive  agrees  to  serve  as the
          Company's  Chief  Operating  Officer to perform such services,  and to
          have such  powers and  authority  as are  specified  in the  Company's
          Restated  By-Laws,  as in  effect  from  time  to  time,  or as may be
          assigned  to  the  Executive  by the  Company's  Board  of  Directors,
          PROVIDED,  THAT,  the same is not  inconsistent  with  such  position.
          Executive  agrees that he will use his full  business  time to promote
          the  interests  of the Company and its  affiliates  and to fulfill his
          duties  hereunder.  Nothing in this Agreement  shall however  preclude
          Executive from engaging,  so long as, in the reasonable  determination
          of the Company's Board of Directors,  such activities do not interfere
          with the execution of his duties and  responsibilities  hereunder,  in
          charitable and community affairs, from managing any passive investment
          made by  Executive  in  publicly  traded  equity  securities  or other
          property  (PROVIDED,  THAT,  no such  investment  may exceed 5% of the
          equity of any  entity,  without the prior  approval  of the  Company's
          Board of Directors) or from serving,  subject to the prior approval of
          the Company's  Board of Directors,  as a member of boards of directors
          or as a  trustee  of any  other  corporation,  association  or  entity
          (PROVIDED, THAT, no such prior approval shall be required for any such
          boards on which Executive shall currently serve).  For purposes of the
          preceding  sentence,  any approval of the Company's Board of Directors
          required herein shall not be unreasonably withheld.

     (B)  TERM.  Unless  sooner  terminated  pursuant  to Section 3, the term of
          Executive's  employment  pursuant to this Agreement  shall commence on
          the date set forth  above (the  "Effective  Date") and shall  continue
          thereafter for a period of three years.


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2.   COMPENSATION.  During the employment term under this Agreement, the Company
     shall compensate Executive as follows:

     (A)  BASE SALARY.  Subject to  adjustment  as set forth below,  the Company
          will pay Executive an annual salary at a rate of One Hundred  Thousand
          Dollars  ($100,000) per year,  payable in substantially  equal monthly
          installments,  or more  frequently in accordance  with Company's usual
          payroll policy. On each anniversary of the Effective Date, Executive's
          then existing base salary will  automatically  increase at the rate of
          20% per year and in the discretion of the  Compensation  Committee (or
          Board of  Directors,  if at the time  there  shall be no  Compensation
          Committee)  at such  additional  rate or amounts  as the  Compensation
          Committee shall deem  appropriate.  Any such increases  granted in the
          discretion of the  Compensation  Committee  will be retroactive to the
          beginning  of the then current  fiscal  year.  The Company will review
          annually Executive's performance and compensation.

     (B)  PERFORMANCE   BONUS.   Executive  shall  be  entitled  to  such  bonus
          compensation as the  Compensation  Committee deems  appropriate.  Such
          bonus  compensation  shall be based,  in part, on the  achievement  of
          performance  criteria  established  by  the  Compensation   Committee,
          including criteria relating to the profitability of the Company.

     (C)  PARTICIPATION  IN EMPLOYEE STOCK OWNERSHIP PLAN.  During the period of
          Executive's  employment,  Executive will be entitled to participate in
          the Company's 2000 Stock Option Plan (or such other  successor  plan),
          as the  Board of  Directors  or  Compensation  Committee,  in its sole
          discretion, may determine.

     (D)  BENEFITS.  Executive  will be eligible to  participate  in all benefit
          programs of the Company  which are in effect for its senior  executive
          personnel  and, to the extent  available to executive  personnel,  its
          employees generally from time to time.

     (E)  VACATION.  Executive  will be  entitled  each year to  vacation  for a
          period or periods not  inconsistent  with the normal policy of Company
          in  effect  from time to time,  but in any event not less than  twenty
          vacation  days each year and to such  holidays  as may be  customarily
          afforded  to  its  employees  by the  Company,  during  which  periods
          Executive's compensation shall be paid in full.

     (F)  REIMBURSEMENT OF EXPENSES.

          (i)  All  reasonable  travel and  entertainment  expenses  incurred by
               Executive in the course of fulfilling this Agreement or otherwise
               promoting the Company and its business shall be reimbursed by the
               Company.  Such reimbursement  shall be made to Executive promptly
               following  submission  to  the  Company  of  receipts  and  other
               documentation  of such expenses  reasonably  satisfactory  to the
               Company.

          (ii) In addition to the  expenses  reimbursable  pursuant to paragraph
               (i) above,  the  Company  shall also pay to  Executive  a monthly
               allowance of $600.00 for automobile expenses,  PROVIDED, HOWEVER,

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               that  the  Company  shall  be  entitled  to  withhold  from  such
               allowance,  any amounts  required  to be  withheld by  applicable
               federal, state or local tax laws.

3.   TERMINATION.

     (A)  DEATH AND LEGAL  INCAPACITY.  Executive's  employment  hereunder shall
          terminate upon Executive's death or legal incapacity.

     (B)  DISABILITY.  Executive's employment hereunder may be terminated by the
          Company in the event of Executive's  physical or mental  incapacity or
          inability to perform his duties as  contemplated  under this Agreement
          for a period of at least one hundred  twenty (120)  consecutive  days.
          Until such termination occurs, Executive shall continue to receive his
          base  salary as then in effect,  provided,  however,  that such salary
          shall be reduced to the extent of any short-term  disability  benefits
          provided to Executive under a short-term  disability plan sponsored by
          the  Company.  The  determination  of  disability  shall be made by an
          independent  physician  selected  by the  Compensation  Committee  and
          approved by Executive or his legal representative.

     (C)  FOR CAUSE.  Executive's  employment  hereunder may be terminated after
          the expiration of the  respective  time periods set forth below by the
          Company  for  cause  ("Cause")  upon  the  occurrence  of  any  of the
          following events:

          (i)  Executive's  intentional  breach of any provision  hereof,  which
               breach  shall not have been cured  within 20 days  after  written
               notice thereof from the Company (or cure commenced within said 20
               day  period if said  breach  is not  curable  within  said 20 day
               period)  which  breach  has a  material  adverse  effect  on  the
               Company;

          (ii) Executive's intentional violation of any other duty or obligation
               owed by Executive to the Company which  violation  shall not have
               been cured within 20 days after written  notice  thereof from the
               Company  (or cure  commenced  within  said 20 day  period if said
               violation  is  not  curable  within  said  20 day  period)  which
               violation has a material adverse effect on the Company.

          (iii)Executive is convicted or pleads guilty or nolo  contendre to any
               felony  (other than  traffic  violation)  or any crime  involving
               fraud, dishonesty or misappropriation;

          (iv) Executive  willfully  fails to perform and  discharge  his duties
               hereunder in a competent  manner and such failure shall  continue
               for a period in excess of 20 days after  written  notice  thereof
               specifying the failures is given by the Company to Executive.


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<PAGE>

          (v)  Executive  willfully  engages in misconduct  that causes material
               harm to the  Company and such  misconduct  shall  continue  for a
               period  in  excess  of  20  days  after  written  notice  thereof
               specifying such misconduct and the resulting harm is given by the
               Company to Executive.

     (D)  CONSENT OF DIRECTORS. Termination of this Agreement by the Company for
          reasons other than:  (i) for Cause or (ii)  Executive's  death,  legal
          capacity  or  disability  must  be  approved  by a vote  of 2/3 of the
          members of the Company's Board of Directors.

     (E)  FOR GOOD REASON.  Executive may terminate his employment hereunder for
          good reason  ("Good  Reason") if such  termination  occurs  within six
          months after:

          (i)  The Company  assigns to Executive any duties or  responsibilities
               inconsistent  with Section 1, which  assignment  is not withdrawn
               within 20 business days after  Executive's  notice to the Company
               of his reasonable objection thereto;

          (ii) Executive  is  relocated  more than 40 miles from Tampa,  Florida
               without his prior written consent; or

          (iii)The Company  breaches  any material  provision of this  Agreement
               and such breach and the effects  thereof are not  remedied by the
               Company within 20 business days after  Executive's  notice to the
               Company of the existence of such breach.

(F)  EFFECT OF TERMINATION.

     (i)  If the Company  terminates  Executive's  employment  for reasons other
          than for Cause, or Executive's  death, legal incapacity or disability,
          or if  Executive  terminates  this  Agreement  for  Good  Reason,  the
          obligations of Executive  under this  Agreement will terminate  except
          that  the   covenants   contained  in  Section  4(a)  shall   continue
          indefinitely,  and the  obligations  in this  section  shall  continue
          pursuant to their terms. In such event,  for a period of two (2) years
          after  the date of  Executive's  termination,  the  Company  shall pay
          Executive,   in  accordance   with   customary   payroll   procedures,
          Executive's  base  salary  as then in effect  and,  in  addition,  any
          Performance  Bonus that Executive would have earned in the year he was
          terminated,  prorated as of the date of termination. For such two-year
          period,  the Company  shall  continue to provide  medical  coverage to
          Executive under  substantially the same terms as were in effect on the
          date   Executive's   employment   terminated   under  this  provision.
          Additionally,  any and  all  options,  warrants  or  other  securities
          awarded to Executive  pursuant to the Company's 2000 Stock Option Plan


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<PAGE>

          or any other similar plan or other written option  agreement shall, as
          of the date of Executive's  termination,  immediately  vest and become
          exercisable and all such options,  warrants or other  securities shall
          remain  exercisable by Executive for the duration of the period during
          which the options,  warrants or other  securities  would have remained
          exercisable  if Executive  had remained  employed by the Company.  The
          amounts paid to Executive  under this paragraph  shall not be affected
          in any way by Executive's  acceptance of other  employment  during the
          two-year period  described above. The provisions set forth herein this
          Paragraph  3(f)(i) shall  supercede the provisions of Paragraph 3.4 of
          the  Option  Agreement  dated as of  February  10,  2000  between  the
          Executive and the Company.

     (ii) Except as  otherwise  provided  herein,  if Executive  terminates  his
          employment  for any  reason  other  than Good  Reason  or  Executive's
          employment is terminated for Cause,  the  obligations of Executive and
          the  Company  under this  Agreement  will  terminate  except  that the
          covenants  of  Executive  contained  in Section  4(a)  shall  continue
          indefinitely and the covenants of Executive  contained in Section 4(d)
          shall continue until the first  anniversary of the date of Executive's
          termination.  In such  event,  Executive  shall be entitled to receive
          only the compensation  hereunder  accrued and unpaid as of the date of
          Executive's termination.

     (iii)If Executive's  employment terminates due to a disability,  as defined
          in Section 3(b),  the  obligations  of Executive  under this Agreement
          will  terminated  except  that the  covenants  in  Section  4(a) shall
          continue  indefinitely.  In such event, for a period of one year after
          the date of Executive's termination,  the Company shall pay Executive,
          in accordance  with customary  payroll  procedures,  Executive's  base
          salary as then in effect, provided,  however, that the payment of such
          salary  shall be  reduced to the  extent of any  long-term  disability
          benefits  provided  to  Executive  under a long-term  disability  plan
          sponsored  by the  Company.  The vesting  and  exercise of any and all
          options, warrants or other securities awarded to Executive pursuant to
          the  Company's  2000 Stock Option Plan or any other similar plan shall
          be  governed  by the terms of such plan,  or if awarded  pursuant to a
          written  option  agreement,  then  the  terms of such  agreement.  The
          amounts  payable  to  Executive  under  this  paragraph  shall  not be
          affected  in any way by  Executive's  acceptance  of other  employment
          during the one-year period described above.

     (iv) No amount  payable to Executive  pursuant to this  Agreement  shall be
          subject to mitigation due to Executive's acceptance or availability of
          other employment.

4.   RESTRICTIVE COVENANTS; NON-COMPETITION.

     Executive in consideration of his employment hereunder agrees as follows:

     (a)  Except as otherwise  permitted  hereby,  or by the Company's  Board of
          Directors,  Executive shall treat as confidential  and not communicate
          or divulge to any other  person or entity any  information  related to
          the Company or its  affiliates  or the business,  affairs,  prospects,


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<PAGE>

          financial  condition  or  ownership  of  the  Company  or  any  of its
          affiliates (the "Information")  acquired by Executive from the Company
          or the  Company's  other  employees  or  agents,  except (i) as may be
          required to comply with legal  proceedings  (PROVIDED,  THAT, prior to
          such disclosure in legal  proceedings  Executive  notifies the Company
          and reasonably cooperates with any efforts by the Company to limit the
          scope of such disclosure or to obtain  confidential  treatment thereof
          by the  court or  tribunal  seeking  such  disclosure)  or (ii)  while
          employed by the Company, as Executive reasonably believes necessary in
          performing his duties.  Executive  shall use the  Information  only in
          connection  with the  performance  of his  duties  hereunder,  and not
          otherwise  for his  benefit  or the  benefit  of any  other  person or
          entity. For the purposes of this Agreement, Information shall include,
          but  not  be  limited  to,  any  confidential  information  concerning
          clients,  subscribers,  marketing, business and operational methods of
          the Company or its  affiliates  and its and its  affiliates'  clients,
          subscribers, contracts, financial or other data, technical data or any
          other confidential or proprietary information possessed, owned or used
          by   the   Company.   Excluded   from   Executive's   obligations   of
          confidentiality  is any part of such Information  that: (i) was in the
          public  domain  prior  to the  date  of  commencement  of  Executive's
          employment  with the  Company or (ii) enters the public  domain  other
          than as a result of Executive's breach of this covenant.  This Section
          (4)(a)  shall  survive  the  expiration  or  termination  of the other
          provisions of this Agreement.

     (b)  Executive  shall  fully  disclose  to  the  Company  all  discoveries,
          concepts,  and ideas,  whether or not patentable,  including,  but not
          limited to, processes,  methods,  formulas, and techniques, as well as
          improvements  thereof  or  know-how  related  thereto   (collectively,
          "Inventions")  concerning or relating to the business conducted by the
          Company and concerning  any present or  prospective  activities of the
          Company which are published,  made or conceived by Executive, in whole
          or in part, during Executive's employment with the Company.

     (c)  Executive  shall  make  applications  in due  form for  United  States
          letters patent and foreign  letters  patent on such  Inventions at the
          request of the Company  and at its  expense,  but  without  additional
          compensation to Executive.  Executive  further agrees that any and all
          such  Inventions  shall be the  absolute  property  of  Company or its
          designees.  Executive  shall assign to the Company all of  Executive's
          right,  title and interest in any and all Inventions,  execute any and
          all  instruments  and do any and all acts  necessary  or  desirable in
          connection  with  any  such  application  for  letters  patent  or  to
          establish  and  perfect in the Company the entire  right,  title,  and
          interest in such  Inventions,  patent  applications,  or patents,  and
          shall execute any instrument necessary or desirable in connection with
          any continuations,  renewals, or reissues thereof or in the conduct of
          any related proceedings or litigation.

     (d)  During Executive's employment with the Company and for a period of one
          (1) year after the earlier of the expiration date of this Agreement or
          the termination of Executive's employment hereunder by the Company for
          Cause or by Executive  (other than for Good Reason) or subsequent to a
          Change in Control, as hereinafter defined:


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<PAGE>

          (i)  Executive  will not, in any  geographical  area within  which the
               Company is, at the time of Executive's  termination or during the
               term  of  Executive's  employment,   marketing  its  products  or
               services or conducting  other  business  activities,  directly or
               indirectly, engage in, own or control an interest in (except as a
               passive  investor  in  publicly  held  companies  and  except for
               investments  held  at the  date  hereof)  or  act as an  officer,
               director,  or employee of, or consultant or adviser to, any firm,
               corporation  or  institution  (except as provided in Section 1(a)
               hereof)  directly or indirectly  that is in competition  with the
               Company at the time of Executive's termination or during the term
               of Executive's employment with the Company; and

          (ii) Executive  will not recruit or hire any  employee of the Company,
               or otherwise  induce such employee to leave the employment of the
               Company, to become an employee of or otherwise be associated with
               Executive or any company or business  with which  Executive is or
               may become associated.



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<PAGE>



5.   CHANGE OF CONTROL.

     In the event of a Change of Control, the following provisions shall apply:

     (a)  If, immediately upon a Change of Control or at any time within one (1)
          year  thereafter,  Executive is no longer  employed by the Company (or
          any entity to which this Agreement may be assigned in connection  with
          such Change of Control) for any reason other than  Executive's  death,
          legal  incapacity  or  disability,  Executive  shall  be  entitled  to
          receive, within 10 days after the termination date, a lump sum payment
          ("Change  of  Control  Payment")  equal to two  times  the  amount  of
          Executive's  annual base salary then in effect plus any other  amounts
          accrued  and  unpaid  as of the  date  of  termination  (i.e.,  earned
          bonuses, car allowance,  unreimbursed business expenses, and any other
          amount due to Executive under employee benefit or fringe benefit plans
          of the Company).  Notwithstanding the foregoing, if Executive shall so
          request,  any Change of Control  Payment may be paid to  Executive  in
          substantially  equal  monthly  installments,  or  more  frequently  in
          accordance with the Company's usual payroll policy. Additionally,  any
          and all  options,  warrants or other  securities  awarded to Executive
          pursuant to the Company's  2000 Stock Option Plan or any other similar
          plan shall,  as of the date of  Executive's  termination,  immediately
          vest and become  exercisable  by  Executive  for the  duration  of the
          period during which the options,  warrants or other  securities  would
          have remained  exercisable  if Executive had remained  employed by the
          Company.

     (b)  For purposes of this Section 5, a "Change of Control"  shall be deemed
          to occur upon any of the following events:

          (1)  Any "person" or "group"  within the meaning of Sections 13(d) and
               14(d)(2) of the Exchange Act (i) becomes the "beneficial  owner,"
               as defined in Rule 13d-3 under the  Exchange  Act, of 50% or more
               of the combined  voting power of the Company's  then  outstanding
               securities,  otherwise  than through a  transaction  or series of
               related  transactions  arranged by, or consummated with the prior
               approval of, the Board or (ii) acquires by proxy or otherwise the
               right  to  vote  50% or  more  of  the  then  outstanding  voting
               securities of the Company,  otherwise than through an arrangement
               or arrangements consummated with the prior approval of the Board,
               for the election of directors, for any merger or consolidation of
               the Company or for any other matter or question.

          (2)  During any period of 12  consecutive  months (not  including  any
               period prior to the adoption of this Section),  Present Directors
               and/or  New  Directors  cease  for any  reason  to  constitute  a
               majority of the Board.  For purposes of the  preceding  sentence,
               "Present  Directors"  shall mean individuals who at the beginning
               of such  consecutive  12-month  period were members of the Board,


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               and "New Directors" shall mean any director whose election by the
               Board  or  whose   nomination   for  election  by  the  Company's
               stockholders was approved by a vote of at least two-thirds of the
               directors then still in office who were Present  Directors or New
               Directors.

          (3)  Consummation of (i) any consolidation or merger of the Company in
               which the Company is not the continuing or surviving  corporation
               or pursuant  to which  shares of Stock  would be  converted  into
               cash,  securities or other  property,  other than a merger of the
               Company in which the  holders of Stock  immediately  prior to the
               merger have the same  proportion and ownership of common stock of
               the surviving  corporation  immediately  after the merger or (ii)
               any sale,  lease,  exchange or other transfer (in one transaction
               or a series of related  transactions)  of all,  or  substantially
               all,  of  the  assets  of  the  Company;   PROVIDED,   THAT,  the
               divestiture of less than  substantially  all of the assets of the
               Company in one  transaction or a series of related  transactions,
               whether effected by sale, lease,  exchange,  spin-off sale of the
               stock  or  merger  of  a  subsidiary  or  otherwise,   shall  not
               constitute a Change in Control.

          For  purposes  of  this  Section  5(b), the rules of Section 318(a) of
          the  Code  and  the  regulations  issued  thereunder  shall be used to
          determine stock ownership.

          (C)  EXCISE TAX GROSS-UP. If Executive becomes entitled to one or more
               payments  (with a "payment"  including  the vesting of restricted
               stock, a stock option,  or other  non-cash  benefit or property),
               whether pursuant to the terms of this Agreement or any other plan
               or  agreement  with  the  Company  or  any   affiliated   company
               (collectively, "Change of Control Payments"), which are or become
               subject to the tax ("Excise  Tax") imposed by Section 4999 of the
               Internal  Revenue  Code of 1986,  as amended  (the  "Code"),  the
               Company shall pay to Executive at the time  specified  below such
               amount (the  "Gross-up  Payment")  as may be  necessary  to place
               Executive in the same after-tax  position as if no portion of the
               Change of Control  Payments  and any  amounts  paid to  Executive
               pursuant to this  paragraph  5(c) had been  subject to the Excise
               Tax. The Gross-up  Payment  shall  include,  without  limitation,
               reimbursement  for any  penalties and interest that may accrue in
               respect of such  Excise Tax.  For  purposes  of  determining  the
               amount of the Gross-up Payment, Executive shall be deemed: (A) to
               pay federal income taxes at the highest  marginal rate of federal
               income taxation for the year in which the Gross-up  Payment is to
               be made;  and (B) to pay any  applicable  state and local  income
               taxes at the highest  marginal  rate of taxation for the calendar
               year in which  the  Gross-up  Payment  is to be made,  net of the
               maximum reduction in federal income taxes which could be obtained


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               from  deduction  of such  state and  local  taxes if paid in such
               year.  If the Excise Tax is  subsequently  determined  to be less
               than the amount  taken  into  account  hereunder  at the time the
               Gross-up Payment is made, Executive shall repay to the Company at
               the time that the  amount  of such  reduction  in  Excise  Tax is
               finally  determined  (but,  if  previously  paid  to  the  taxing
               authorities,  not prior to the time the amount of such  reduction
               is refunded to Executive  or  otherwise  realized as a benefit by
               Executive)  the portion of the  Gross-up  Payment  that would not
               have been  paid if such  Excise  Tax had been  used in  initially
               calculating the Gross-up Payment,  plus interest on the amount of
               such repayment at the rate provided in Section  1274(b)(2)(B)  of
               the Code.  In the event  that the  Excise  Tax is  determined  to
               exceed the amount  taken into  account  hereunder at the time the
               Gross-up  Payment is made,  the Company  shall make an additional
               Gross-up Payment in respect of such excess (plus any interest and
               penalties  payable  with respect to such excess) at the time that
               the amount of such excess is finally determined.

               The Gross-up Payment provided for above shall be paid on the 30th
               day (or such  earlier  date as the  Excise  Tax  becomes  due and
               payable to the taxing  authorities)  after it has been determined
               that the Change of Control  Payments (or any portion thereof) are
               subject to the Excise Tax; provided,  HOWEVER, that if the amount
               of such  Gross-up  Payment or portion  thereof  cannot be finally
               determined  on or  before  such  day,  the  Company  shall pay to
               Executive on such day an estimate,  as  determined  by counsel or
               auditors  selected by the Company and  reasonably  acceptable  to
               Executive,  of the minimum amount of such  payments.  The Company
               shall pay to Executive the  remainder of such payments  (together
               with  interest at the rate provided in Section  1274(b)(2)(B)  of
               the Code) as soon as the amount thereof can be determined. In the
               event  that the  amount of the  estimated  payments  exceeds  the
               amount  subsequently  determined  to have been due,  such  excess
               shall  constitute a loan by the Company to Executive,  payable on
               the fifth day after demand by the Company (together with interest
               at the rate provided in Section  1274(b)(2)(B)  of the Code). The
               Company shall have the right to control all proceedings  with the
               Internal  Revenue  Service that may arise in connection  with the
               determination  and  assessment of any Excise Tax and, at its sole
               option,   the   Company   may   pursue  or  forego  any  and  all
               administrative  appeals,  proceedings,  hearings, and conferences
               with  any  taxing   authority  in  respect  of  such  Excise  Tax
               (including any interest or penalties thereon); PROVIDED, HOWEVER,
               that the  Company's  control over any such  proceedings  shall be
               limited to issues with respect to which a Gross-up  Payment would
               be payable  hereunder,  and Executive shall be entitled to settle
               or contest any other issue raised by the Internal Revenue Service
               or any other taxing authority. Executive shall cooperate with the
               Company in any  proceedings  relating  to the  determination  and
               assessment  of any Excise Tax and shall not take any  position or
               action that would materially  increase the amount of any Gross-up
               Payment hereunder.

6.   NO VIOLATION.



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<PAGE>

     Executive  warrants that the  execution and delivery of this  Agreement and
the performance of his duties  hereunder will not violate the terms of any other
agreement  to  which  he is a  party  or by  which  he is  bound.  Additionally,
Executive  warrants  that  Executive  has not  brought and will not bring to the
Company or use in the performance of Executive's responsibilities at the Company
any materials or documents of a former employer that are not generally available
to the public,  unless Executive has obtained express written authorization from
the former employer for their possession and use.  Executive  represents that he
is not and, since the  commencement  of Executive's  employment with the Company
has   not   been  a   party   to  any   employment,   proprietary   information,
confidentiality,  or  noncompetition  agreement with any of  Executive's  former
employers  which remains in effect as the date hereof.  The warranties set forth
in this  Section 6 shall  survive the  expiration  or  termination  of the other
provisions of this Agreement.

7.   BREACH BY EXECUTIVE.

     Both  parties  recognize  that  the  services  to be  rendered  under  this
Agreement by Executive are special,  unique and extraordinary in character,  and
that in the event of the breach by Executive of the terms and conditions of this
Agreement to be performed by him or in the event Executive performs services for
any person,  firm or  corporation  engaged in a competing  line of business with
Company,  the Company  shall be  entitled,  if it so elects,  to  institute  and
prosecute proceedings in any court of competent jurisdiction,  whether in law or
in equity, to, by way of illustration and not limitation, obtain damages for any
breach of this  Agreement,  or to enforce the  specific  performance  thereof by
Executive, or to enjoin Executive from competing with the Company or, performing
services for himself or any such other person, firm or corporation.  The Company
may obtain an injunction restraining any such breach by Executive and no bond or
other  security  shall be  required  in  connection  therewith.  The Company and
Executive each consent to the  jurisdiction  of United States  Federal  District
Court for the Northern District of Florida.

8.    MISCELLANEOUS.

     (a)  This  Agreement  shall be binding upon and inure to the benefit of the
          Company,  its  successors,  and  assigns  and may not be  assigned  by
          Executive.

     (b)  This Agreement contains the entire agreement of the parties hereto and
          supersedes  all  prior  or  concurrent  agreements,  whether  oral  or
          written,  relating to the subject matter hereof. This Agreement may be
          amended only by a writing signed by the party against whom enforcement
          is sought.

     (C)  THIS AGREEMENT  SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE  WITH
          THE LAWS OF THE STATE OF NEW JERSEY WITHOUT REGARD TO ITS CONFLICTS OF
          LAWS, RULES OR PRINCIPLES.

     (d)  Any notices or other  communications  required or permitted  hereunder
          shall be in writing and shall be deemed  effective  when  delivered in
          person  or, if mailed,  on the date of  deposit in the mails,  postage



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<PAGE>

          prepaid,  to the other party at the  respective  address of such party
          set forth herein or to such other address as shall have been specified
          in writing by either party to the other in accordance herewith.

     (e)  The provisions of Sections 4(a),  4(d) and 6 and the other  provisions
          of this  Agreement  which by their terms  contemplate  survival of the
          termination  of this  Agreement,  shall  survive  termination  of this
          Agreement and be deemed to be independent covenants.

     (f)  If any term or provision of this  Agreement or its  application to any
          person or circumstance is to any extent invalid or unenforceable,  the
          remainder  of this  Agreement,  or the  application  of  such  term or
          provision to persons or circumstances  other than those as to which it
          is held invalid or unenforceable,  shall not be affected thereby,  and
          each term and  provision  shall be valid and  enforced  to the fullest
          extent permitted by law.

     (g)  No delay or omission to exercise any right,  power or remedy  accruing
          to any party hereto  shall  impair any such right,  power or remedy or
          shall be construed to be a waiver of or an  acquiescence to any breach
          hereof.  No waiver of any breach of this Agreement  shall be deemed to
          be a waiver  of any  other  breach of this  Agreement  theretofore  or
          thereafter  occurring.  Any waiver of any  provision  hereof  shall be
          effective only to the extent  specifically set forth in the applicable
          writing.  All  remedies  afforded  under this  Agreement  to any party
          hereto,  by law or otherwise,  shall be cumulative and not alternative
          and  shall not  preclude  assertion  by any party  hereto of any other
          rights or the  seeking of any other  rights or  remedies  against  any
          other party hereto.

     (h)  It is the intent of the  Company  that  Executive  not be  required to
          incur  any  legal  fees  or  disbursements  associated  with  (i)  the
          interpretation  of any  provision  in,  or  obtaining  of any right or
          benefit under this  Agreement,  or (ii) the  enforcement of his rights
          under this Agreement,  including,  without limitation by litigation or
          other  legal  action,  because  the cost  and  expense  thereof  would
          substantially  detract  from the  benefits to be extended to Executive
          hereunder.  Accordingly,  the Company irrevocably authorizes Executive
          from time to time to retain  counsel of his choice,  at the expense of
          the  Company  as  hereafter   provided,   to  represent  Executive  in
          connection  with  the   interpretation   and/or  enforcement  of  this
          Agreement,  including without  limitation the initiation or defense of
          any  litigation  or other  legal  action,  whether by or  against  the
          Company, or any Director,  officer,  stockholder,  or any other person
          affiliated with the Company in any jurisdiction. The Company shall pay
          or cause to be paid and  shall be solely  responsible  for any and all
          attorneys' and related fees and expenses  incurred by Executive  under
          this Section 8(h).

9.   INDEMNIFICATION.

     The Company agrees to indemnify  Executive to the fullest extent  permitted
by  applicable  law,  as  such  law  may  be  hereafter  amended,   modified  or
supplemented  and to the  fullest  extent  permitted  by each  of the  Company's



                                       12

<PAGE>

Restated  Certificate of Incorporation and the Company's  Restated  By-Laws,  as
from time to time amended, modified or supplemented.  The Company further agrees
that  Executive  is  entitled  to the  benefits of any  directors  and  officers
liability  insurance policy, in accordance with the terms and conditions of that
policy, if such a policy is maintained by the Company.


                                       13


<PAGE>



            IN  WITNESS  WHEREOF, the parties have executed this Agreement as of
the date first stated above.

                                          COMPANY

                                          IBS INTERACTIVE, INC.



                                          BY:  /S/ NICHOLAS R. LOGLISCI, JR.
                                             --------------------------------
                                             NICHOLAS R. LOGLISCI, JR.
                                             PRESIDENT AND CEO

                                          EXECUTIVE

                                               /S/ ROY E. CRIPPEN, III
                                             --------------------------------
                                             ROY E. CRIPPEN, III






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