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                                                                    EXHIBIT 10.3

                                     FORM OF
                            INDEMNIFICATION AGREEMENT

         This Indemnification Agreement (the "Agreement") is made as of
August____, 1999, by and between PODS, INC. a Florida corporation (the
"Company") and _____________, a director, director nominee and/or officer of the
Company (the "Indemnitee").

                                    RECITALS

         A. The Company and the Indemnitee recognize that the present state of
the law is too uncertain to provide the Company's directors and officers with
adequate and reliable advance knowledge or guidance with respect to the legal
risks and potential liabilities to which they may become personally exposed as a
result of performing their duties for the Company;

         B. The Company and the Indemnitee are aware of the growth in the number
of lawsuits filed against corporate directors and officers in connection with
their activities in such capacities and by reason of their status as such;

         C. The Company and the Indemnitee recognize that the cost of defending
against such lawsuits, whether or not meritorious, is often beyond the financial
resources of most directors and officers of the Company;

         D. The Company and the Indemnitee recognize that the legal risks and
potential liabilities, and the threat thereof, associated with proceedings filed
against the directors and officers of the Company bear no reasonable
relationship to the amount of compensation received by the Company's directors
and officers;

         E. The Company, after reasonable investigation prior to the date
hereof, has determined that the liability insurance coverage available to the
Company as of the date hereof is inadequate, unreasonably expensive or both. The
Company believes, therefore, that the interest of the Company's shareholders
would be best served by a combination of (i) such liability insurance as the
Company may reasonably obtain pursuant to the Company's obligations hereunder
and (ii) a contract with its directors and officers, including the Indemnitee,
to indemnify them to the fullest extent permitted by law (as in effect on the
date hereof, or, to the extent any amendment may expand such permitted
indemnification, as hereafter in effect) against personal liability for actions
taken in the performance of their duties to the Company;




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         F. The Company's Bylaws authorize the indemnification of corporate
agents of the Company;

         G. The Board of Directors of the Company has concluded that, to retain
and attract talented and experienced individuals to serve as directors and
officers of the Company and to encourage such individuals to take the business
risks necessary for the success of the Company, it is necessary for the Company
to contractually indemnify its directors and officers to the fullest extent
permitted by law, and to assume for itself liability for expenses and damages in
connection with claims against such directors and officers in connection with
their service to the Company, and has further concluded that the failure to
provide such contractual indemnification could result in great harm to the
Company and its shareholders;

         H. The Company desires and has requested the Indemnitee to serve or
continue to serve as a director and/or officer of the Company, free from undue
concern for the risks and potential liabilities associated with such services to
the Company; and

         I. The Indemnitee is willing to serve, or continue to serve, the
Company, provided, and on the expressed condition, that he or she is furnished
with the indemnification provided for herein.

                                    AGREEMENT

         NOW, THEREFORE, the Company and the Indemnitee agree as follows:

         1. DEFINITIONS.

                  (a) "EXPENSES" means, for the purposes of this Agreement, all
direct and indirect costs of any type or nature whatsoever (including, without
limitation, any fees and disbursements of the Indemnitee's counsel, accountants
and other experts and other out-of-pocket costs) actually and reasonably
incurred by the Indemnitee in connection with the investigation, preparation,
defense or appeal of a Proceeding; provided, however, that Expenses shall not
include judgments, fines, penalties or amounts paid in settlement of a
Proceeding.

                  (b) "PROCEEDING" means, for the purposes of this Agreement,
any threatened, pending or completed action or proceeding, whether civil,
criminal, administrative or investigative (including an action brought by or in
the right of the Company) in which the Indemnitee may be or may have been
involved as a party or otherwise, by reason of the fact that the Indemnitee is
or was a director and/or officer of the Company, by reason of any action taken




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by him or her or of any inaction on his or her part while acting as such
director and/or officer or by reason of the fact that he or she is or was
serving at the request of the Company as a director, officer, employee or agent
of another foreign or domestic corporation, partnership, joint venture, trust or
other enterprise, or was a director and/or officer of the foreign or domestic
corporation or association which was a predecessor to the Company or of another
enterprise at the request of such predecessor whether or not he or she is
serving in such capacity at the time any liability or expense is incurred for
which indemnification or reimbursement can be provided under this Agreement.

         2. AGREEMENT TO SERVE. In consideration of the protection afforded by
this Agreement, if the Indemnitee is a director, he or she agrees to serve to
the best of his or her abilities until the earlier of (i) the time when the
Indemnitee fails to be reelected to the Board and qualified or (ii) such time as
he or she tenders his or her resignation in writing. If the Indemnitee is an
officer, he or she agrees to serve to the best of his or her abilities at the
will of the Company or under separate contract, if such contract exists, for so
long as the Indemnitee is duly appointed or employed or until such time as he or
she tenders his or her resignation in writing. Nothing contained in this
Agreement is intended to create in the Indemnitee any right to continued
employment or any requirement of a continuing relationship.

         3. INDEMNIFICATION.

                  (a) THIRD PARTY PROCEEDINGS. The Company shall indemnify the
Indemnitee against Expenses, judgments, fines, penalties or amounts paid in
settlement actually and reasonably incurred by the Indemnitee in connection with
a Proceeding (other than a Proceeding by or in the right of the Company) if the
Indemnitee acted in good faith and in a manner the Indemnitee reasonably
believed to be in or not opposed to the best interests of the Company, and, with
respect to any criminal action or proceeding, had no reasonable cause to believe
the Indemnitee's conduct was unlawful. The termination of any Proceeding by
judgment, order, settlement, conviction, or upon a plea of NOLO CONTENDERE or
its equivalent, shall not, of itself, create a presumption that the Indemnitee
did not act in good faith and in a manner which the Indemnitee reasonably
believed to be in or not opposed to the best interests of the Company, and, with
respect to any criminal Proceeding, had reasonable cause to believe that the
Indemnitee's conduct was unlawful.

                  (b) PROCEEDINGS BY OR IN THE RIGHT OF THE COMPANY. The Company
shall indemnify the Indemnitee against Expenses and amounts paid in settlement,
actually and reasonably incurred by the Indemnitee in connection with a
Proceeding by or in the right of the Company to procure a judgment in its favor



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if the Indemnitee acted in good faith and in a manner the Indemnitee reasonably
believed to be in or not opposed to the best interests of the Company and its
shareholders. Notwithstanding the foregoing, no indemnification shall be made in
respect of any claim, issue or matter as to which the Indemnitee shall have been
adjudged liable to the Company in the performance of the Indemnitee's duty to
the Company and its shareholders unless and only to the extent that the court in
which such action or proceeding is or was pending shall determine upon
application that, in view of all the circumstances of the case, the Indemnitee
is fairly and reasonably entitled to indemnity for expenses and then only to the
extent that the court shall determine proper.

                  (c) SCOPE. Notwithstanding any other provision of this
Agreement, the Company shall indemnify the Indemnitee to the fullest extent
permitted by law, notwithstanding that such indemnification is not specifically
authorized by other provisions of this Agreement, the Company's Certificate of
incorporation, the Company's Bylaws or by statute.

         4. DETERMINATION OF RIGHT TO INDEMNIFICATION. Upon receipt of a written
claim addressed to the Board of Directors for indemnification pursuant to
Section 3, the Company shall indemnify the Indemnitee with respect to such
written claim to the full extent permitted by law. If a claim under Section 3is
not paid in full by the Company within thirty (30) days after such written claim
has been received by the Company, the Indemnitee may at any time thereafter
bring suit against the Company to recover the unpaid amount of the claim and,
unless such action is dismissed by the court as frivolous or brought in bad
faith, the Indemnitee shall be entitled to be paid the expense of prosecuting
such claim. Neither the failure of the Company (including its Board of
Directors, independent legal counsel, or its shareholders) to make a
determination prior to the commencement of such action that indemnification of
the Indemnitee is proper in the circumstances because the Indemnitee has met the
applicable standard of conduct under applicable law, nor an actual determination
by the Company (including its Board of Directors, independent legal counsel or
its shareholders) that the Indemnitee has not met such applicable standard of
conduct, shall create a presumption that the Indemnitee has not met the
applicable standard of conduct. The Company shall have the burden of proof
concerning whether the Indemnitee has or has not met the applicable standard of
conduct.

         5. ADVANCEMENT AND REPAYMENT OF EXPENSES. The Expenses incurred by the
Indemnitee under Section 3 in defending and investigating any Proceeding shall
be paid by the Company in advance of the final disposition of such Proceeding
within 30 days after receiving from the Indemnitee the copies of invoices





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presented to the Indemnitee for such Expenses, if the Indemnitee shall provide
an undertaking to the Company to repay such amount to the extent it is
ultimately determined that the Indemnitee is not entitled to indemnification. In
determining whether or not to make an advance hereunder, the ability of the
Indemnitee to repay shall not be a factor. Notwithstanding the foregoing, in a
Proceeding brought by the Company directly, in its own right (as distinguished
from an action brought derivatively or by any receiver or trustee), the Company
shall not be required to make the advances called for hereby if the Board of
Directors determines, in its sole discretion, that it does not appear that the
Indemnitee has met the standards of conduct which make it permissible under
applicable law to indemnify the Indemnitee and the advancement of Expenses would
not be in the best interests of the Company and its shareholders.

         6. PARTIAL INDEMNIFICATION. If the Indemnitee is entitled under any
provision of this Agreement to indemnification or advancement by the Company of
some or a portion of any Expenses or liabilities of any type whatsoever
(including, but not limited to, judgments, fines, penalties, and amounts paid in
settlement) incurred by him or her in the investigation, defense, settlement or
appeal of a Proceeding, but is not entitled to indemnification or advancement of
the total amount thereof, the Company shall nevertheless indemnify or pay
advancements to the Indemnitee for the portion of such Expenses or liabilities
to which the Indemnitee is entitled.

         7. NOTICE TO COMPANY BY THE INDEMNITEE. The Indemnitee shall notify the
Company in writing of any matter with respect to which the Indemnitee intends to
seek indemnification hereunder as soon as reasonably practicable following the
receipt by the Indemnitee of written notice thereof, provided that any delay in
so notifying the Company shall not constitute a waiver by the Indemnitee of his
or her rights hereunder. The written notification to the Company shall be
addressed to the Board of Directors and shall include a description of the
nature of the Proceeding and the facts under lying the Proceeding and be
accompanied by copies of any documents filed with the court in which the
Proceeding is pending. In addition, the Indemnitee shall give the Company such
information and cooperation as it may reasonably require and as shall be within
the Indemnitee's power.

         8. MAINTENANCE OF LIABILITY INSURANCE.

                  (a) The Company hereby agrees that so long as the Indemnitee
shall continue to serve as a director and/or officer of the Company and
thereafter so long as the Indemnitee shall be subject to any possible
Proceeding, the Company, subject to Section B(b), shall use its best efforts to
obtain and maintain in full force and effect directors' and officers' liability



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insurance ("D&O Insurance") which provides the Indemnitee the same rights and
benefits as are accorded to the most favorably insured of the Company's
directors, if the Indemnitee is a director; or of the Company's officers, if the
Indemnitee is not a director of the Company but is an officer.

                  (b) Notwithstanding the foregoing, the Company shall have no
obligation to obtain or maintain D&O Insurance if the Company determines in good
faith that such insurance is not reasonably available, the premium costs for
such insurance are disproportionate to the amount of coverage provided, the
coverage provided by such insurance is limited by exclusions so as to provide an
insufficient benefit, or the Indemnitee is covered by similar insurance
maintained by a subsidiary or parent of the Company.

                  (c) NOTICE TO INSURERS. If, at the time of the receipt of a
notice of a claim pursuant to Section 7 hereof, the Company has D&O insurance in
effect, the Company shall give prompt notice of the commencement of such
Proceeding to the insurers in accordance with the procedures set forth in the
respective policies. The Company shall thereafter take all necessary or
desirable action to cause such insurers to pay, on behalf of the Indemnitee, all
amounts payable as a result of such Proceeding in accordance with the terms of
such policies.

         9. DEFENSE OF CLAIM. in the event that the Company shall be obligated
under Section 5 hereof to pay the Expenses of any Proceeding against the
Indemnitee and the Company or any other person entitled to indemnification by
the Company is a party to the Proceeding, the Company shall be entitled to
assume the defense of such Proceeding, with counsel approved by the Indemnitee,
which approval shall not be unreasonably withheld, upon the delivery to the
Indemnitee of written notice of its election to do so. After delivery of such
notice, approval of such counsel by the Indemnitee and the retention of such
counsel by the Company, the Company will not be liable to the Indemnitee under
this Agreement for any fees of counsel subsequently incurred by the Indemnitee
with respect to the same Proceeding, provided that (i) the Indemnitee shall have
the right to employ his or her counsel in any such Proceeding at the
Indemnitee's expense; and (ii) if (A) the employment of counsel by the
Indemnitee has been previously authorized by the Company, or (B) the Indemnitee




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shall have reasonably concluded that there may be a conflict of interest between
the Company and the Indemnitee in the conduct of such defense or (C) the Company
shall not, in fact, have employed counsel to assume the defense of such
Proceeding, then the fees and expenses of the Indemnitee's counsel shall be at
the expense of the Company.

         10. ATTORNEYS' FEES. In the event that the Indemnitee or the Company
institutes an action to enforce or interpret any terms of this Agreement, the
Company shall reimburse the Indemnitee for all of the Indemnitee's reasonable
fees and expenses in bringing and pursuing such action or defense, unless as
part of such action or defense, a court of competent jurisdiction determines
that the material assertions made by the Indemnitee as a basis for such action
or defense were not made in good faith or were frivolous.

         11. CONTINUATION OF OBLIGATIONS. All agreements and obligations of the
Company contained herein shall continue during the period the Indemnitee is a
director and/or officer of the Company, or is or was serving at the request of
the Company as a director, officer, fiduciary, employee or agent of a
corporation, partnership, joint venture, trust or other enterprise, and shall
continue thereafter so long as the Indemnitee shall be subject to any possible
proceeding by reason of the fact that the Indemnitee served in any capacity
referred to herein.

         12. SUCCESSORS AND ASSIGNS. This Agreement establishes contract rights
that shall be binding upon, and shall inure to the benefit of, the successors,
assigns, heirs and legal representatives of the parties hereto.

         13. NON-EXCLUSIVITY.

                  (a) The provisions for indemnification and advancement of
expenses set forth in this Agreement shall not be deemed to be exclusive of any
other rights that the Indemnitee may have under any provision of law, the
Company's Certificate of Incorporation or Bylaws, the vote of the Company's
shareholders or disinterested directors, other agreements or otherwise, both as
to action in-his or her official capacity and action in another capacity while
occupying his or her position as a director and/or officer of the Company.

                  (b) In the event of any changes, after the date of this
Agreement, in any applicable law, statute, or rule which expand the right of a
Delaware corporation to indemnify its officers and directors, the Indemnitee's
rights and the Company's obligations under this Agreement shall be expanded to
the full extent permitted by such changes. In the event of any changes in any
applicable law, statute or rule, which narrow the right of a Delaware
corporation to indemnify a director or officer, such changes, to the extent not



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otherwise required by such law, statute or rule to be applied to this Agreement,
shall have no effect on this Agreement or the parties' rights and obligations
hereunder.

         14. SUBROGATION. In the event of any payment under this Agreement by
the Company to or on behalf of the Indemnitee, the Company shall be subrogated
to the extent of such payment to all of the rights of recovery of the
Indemnitee, who shall execute all papers required and shall do everything that
may be necessary to secure such rights, including the execution of such
documents necessary to enable the Company effectively to bring suit to enforce
such rights.

         15. SEVERABILITY. Nothing in this Agreement is intended to require or
shall be construed as requiring the Company to do or refrain from doing any act
in violation of applicable law, rule or regulation. The Company's inability,
pursuant to court order, to perform its obligations under this Agreement or the
modification of this Agreement by any regulatory agency through administrative
action shall not constitute a breach of this Agreement. The provisions of this
Agreement shall be severable as provided in this Section 15. If this Agreement
or any portion hereof shall be invalidated on any ground by any court of
competent jurisdiction, then the Company shall nevertheless indemnify the
Indemnitee to the full extent permitted by any applicable portion of this
Agreement that shall not have been invalidated, and the balance of this
Agreement not so invalidated shall be enforceable in accordance with its terms.

         16. GOVERNING LAW. This Agreement shall be interpreted and enforced in
accordance with the laws of the State of Florida. To the extent permitted by
applicable law, the parties hereby waive any provisions of law which render any
provision of this Agreement unenforceable in any respect.

         17. NOTICE. All notices, requests, demands and other communications
under this Agreement shall be in writing and shall be deemed duly given (i) if
delivered by hand and receipted for by the party addressee or (ii) if mailed by
certified or registered mail with postage prepaid, on the third business day
after the mailing date. Addresses for notice to either party are as shown on the
signature page of this Agreement, or as subsequently modified by written notice.

         18. COUNTERPARTS. This Agreement may be executed in one or more
counterparts, each of which shall constitute an original.

         19. AMENDMENT AND TERMINATION. No amendment, modification, termination
or cancellation of this Agreement shall be effective unless in writing signed by
both parties hereto.



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         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
day and year set forth above.

                                                  PODS, INC.

                                                By:
                                                   -----------------------------
                                                   PETER S. WARHURST, PRESIDENT

                                                  12200 34th Street North
                                                  Suite D
                                                  Clearwater, FL  33762

INDEMNITEE:

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