Document:

EXHIBIT 10.3 - Lease Agreement

                                 LEASE AGREEMENT

The Lessor,  UPCHURCH-SUTTON,  AGREES TO LEASE TO Lessee, AMERITALKS.COM jointly
and severally  and Lessee agrees to lease from the Lessor,  the property and all
improvements in accordance and pursuant to the covenants,  terms, conditions and
provisions as follows:

                                   WITNESSETH:

1.   PREMISES: Office space consisting of the second floor of approximately 4500
     square  feet,  located at 1001 Kings  Avenue,  County of Duval,  within the
     building known as The King's Building.

2.   TERM: The term of this lease will commence on the date of April 1, 2000 and
     will continue through March 31, 2005, a term of 60 months.

3.   RENT:  Lessee agrees to pay the sum of 13.40 per sq. ft. a year  escalating
     @ .50 per sq. ft. per year for 4500 sq.  ft.,  for the term of this  Lease,
     payable in the equal monthly installments of

         YEAR ONE:         $5025 + sales tax(6/1/2000 through 3/31/2001)**
         YEAR TWO          $5213 + sales tax (4/1/2001 through 3/31/2002)
         YEAR THREE:       $5400 + sales tax(4/1/2002 through 3/31/2003)
         YEAR FOUR:        $5588 + sales tax(4/1/2003 through 3/31/2004)
         YEAR FIVE:        $5775 + sales tax(4/1/2004 through 3/31/2005)

Payable in advance on or before the first day of each month, plus any additional
charges set forth in this Lease, plus applicable Florida Sales and Use Tax.

The Lessee,  as long as not in default  under this lease,  has a 2-term  renewal
option up to 90 days of lease expiration date in writing to lessor;  rental rate
to be  negotiated.  The Lessee has first right of refusal to purchase The King's
Building  property  being "for sale".  The option must  accompany an  acceptable
purchase agreement within 10 days of notification.

4.   PAYMENT OF RENT: The Lease shall be for the term and the total rent payable
     in periodic installments as set forth above. Each installment of rent shall
     be paid in advance on the first day of each month specified,  commencing on
     April 1, 2000.  Lessor and Lessee agree to the pre-payment of 2 months rent
     due at lease signing. **(April though June 2000). The rent shall be paid to
     UPCHURCH-SUTTON,  1001-3  Kings Ave.  Jacksonville,  A. 32207,  or at other
     address as Lessor may specify.  Rent payments received after the 5th day of
     each month shall be subject to an administrative charge of 2.5% of the late
     rent.  In the event that rent is received  after the 1 0th day of the month
     Lessee  shall  pay an  additional  late  charge  of 2.5% of the late  rent.
     Moreover, in the event that any check, bank draft, or negotiable instrument
     given for any payment hereunder, shall be dishonored for any reason, Lessor
     shall be entitled in addition  to any other  remedy  available,  to make an
     extra administrative charge of $50.00.

                                      -55-
<PAGE>

5.   SECURITY DEPOSIT: Simultaneously,  with the execution of this Lease, Lessee
     has  deposited  the sum of  $6000,  which  shall be  retained  by Lessor as
     security for the faithful performance and observance by Lessee of the above
     covenants, terms, conditions and provisions of the Lease. The said Security
     Deposit  shall be  refunded  to  Lessee  at the  conclusion  of this  Lease
     provided all of the above terms,  conditions and provisions  have been met.
     Upon Event of Default,  defined as described by term and conditions  within
     this lease,  not cured  within 3 days,  in  addition to all other  remedies
     available,  Lessor may apply the whole or any part of such sum for  payment
     of any rent or other charges,  or any expense  incurred by Lessor by reason
     of I  lessee's  default  or  Lessor  may  retain  any or all of such sum in
     liquidation  of any or all of the  damages  suffered by lessor by reason of
     such  Event of  Default,  including  but not  limited  to,  any  damages or
     deficiency  in the  reletting  of the  Premises,  whether  such  damages or
     deficiency  occurred before or after summary  proceedings or other re-entry
     by  Lessor.  Such sum shall not bear  interest  while  being held by Lessor
     hereunder.  In the event of a sale of all or a part of the  canter,  Lessor
     shall  thereupon be released by Lessee from all liability for the return of
     such Security  Deposit;  the  provisions  hereof shall apply to every other
     subsequent  transfer or  assignment  made of the Security  Deposit to a new
     Lessor.

6.   ACCEPTANCE:  The Lessee  agrees that it is accepting the Property in an "as
     is" condition, any exceptions are described an Exhibit "B".

7.   SIGNS:  Lessee  will make no  unlawful,  Improper or  offensive  use of the
     Property. Any signs placed on the building by the Lessee shall be mode with
     the Lessor's prior written consent.  A diagram of any signs to be placed on
     the Property Is required to be submitted to the Lessor For approval,  which
     will  not be  unreasonably  withheld.  NO  portable  sign or  advertisement
     material  shall be placed in the parking area or on the perimeter  areas of
     the Property.  The Lessee will have the right, at it's own expense to place
     panels or a panel on one-half of the present freestanding sign.

8.   PROPERTY:  The parking area is for customer use only.  Any vehicles  parked
     overnight are subject to removal at owner's  expense,  No  semi-trailers or
     trailer parking except delivery and unloading purposes. Upon termination of
     the  Lease,  Lessee  shall  deliver  up the  Property  In proper  operating
     condition  and In a condition or repair  comparable to the condition at the
     time of execution of this Lease,  except For ordinary wear and tear, and in
     a broom-clean condition and with all glass in all windows and doors intact.

9.   ORDINANCES / REGULATIONS:  Lessee  covenants to comply with and execute all
     laws,  regulations and ordinances of the lawfully constituted  governmental
     authorities of the United States of America, or State, County,  District or
     Subdivision in which the Property is located;  concerning and affecting the
     use of  Property  at the  Lessee's  expense  including  those of  utilities
     serving the Property.

10.  ALTERATIONS: The Lessee shall make no alterations,  additions or structural
     change on or to the Property  without the prior written  consent of Lessor.
     The  Lessor  will not  deny  any  reasonable  request.  All  installations,
     repairs, improvements, replacements and alterations to the premises made by
     Lessee shall,  upon being installed,  become a part of the building and the
     property of the Lessor.

11.  UTILITIES  AND  COMMON  AREA  MAINTENANCE:  Lessee  shall pay all costs and
     expenses For gas, electricity, heat and any other utilities furnished to or
     used in connection with it's leased premise  promptly as each thereof shall
     become due and payable.

12.  QUIET ENJOYMENT:  The Lessee,  upon payment of the rent herein reserved and
     upon the performance of all terms of this Lease,  shall at all times during
     the Lease term peaceably and quietly enjoy the leased premises  without any
     disturbance From the Lessor.

                                      -56-
<PAGE>

13.  LESSOR'S RIGHT OF ENTRY:  Lessor or Lessor's agents shall have the right at
     any reasonable  time to enter the Property for the purpose of inspection or
     for the purpose of making or causing to be made any repairs or otherwise to
     protect Lessor's interests,  but the right of Lessor to enter, repair or do
     anything else to protect Lessor's  interest,  or the exercise or failure to
     exercise hereof,  shall In no way diminish Lessee's  obligations under this
     lease or enlarge Lessor's  obligations under this Lease or affect any right
     of Lessor or create any duty or  liability by Lessor to Lessee or any third
     party.  Lessor  shall  have the  right to  display  on the  outside  of the
     Property  "For Rent" or "For Sale"  signs  provided  however,  that no "For
     Rent"  sign be  placed In the  leased  premises  prior to ninety  (90) days
     before the expiration or termination of this Lease.

14.  REMEDIES IN DEFAULT: In the event Lessee shall, (a) fail to make any rental
     or other payment due hereunder  within ten (10) days after due date, or (b)
     be  adjudged  bankrupt,  or (c)  make  an  assignment  for the  benefit  of
     creditors, or (d) have Lessee's leasehold estate taken an execution against
     Lessee, or (e) abandon the Property during the term hereof or (f) breach or
     Fail to perform any  agreement  herein other than the agreement to pay rent
     and shall Fail to cure such breach or perform  such  agreements  within (3)
     three days after written notice From the Lessor, then the Lessor, in either
     such event, shall have the option to:

     (1)  Terminate this Lease,  resume  possession of the Property For Lessor's
          own  account and recover  immediately  from the Lessee the  difference
          between the rent  provided for in this Lease and the fair value of the
          Property  for the  remainder  of the Lease  term,  reduced  to present
          worth, together with any other damages occasioned by or resulting from
          the  abandonment  or a breach or a monetary  default or default  other
          then a default in payment of rent.

     (2)  If Lessee  defaults in  performance of any  obligations  hereunder and
          such default is not  corrected  as provided in this Lease,  Lessor may
          perform the obligation and the Lessee shall pay all costs and expenses
          of Lessor to perform  Lessee's  obligation.  The remedies  provided in
          this  paragraph  shall not be  exclusive  and in addition  thereto the
          Lessor may pursue such other  remedies  as are  provided by law in the
          event of any breach default or abandonment by Lessee. In any event and
          irrespective  of any option  exercised,  Lessee  agrees to pay and the
          Lessor shall be entitled to recover all costs and expenses incurred by
          the Lessor  Including  reasonable  attorney's Fees, in connection with
          collection  of rental or  damages  or  enforcing  other  rights of the
          Lessor in the event of any breach or fault or  abandonment  by Lessee,
          Irrespective  of whether or not Lessor elects to terminate  this Lease
          by reason of such breach,  default or  abandonment.  The Lessee hereby
          expressly  waives any and all rights of redemption,  if any granted by
          or under any  present or Future  law in the event the Lessee  shall be
          evicted or  dispossessed  for any  cause,  or, in the event the Lessor
          shall obtain possession of the premises by virtue of the provisions of
          this Lease or otherwise.

15.  PERFORMANCE: The failure of Lessor to Insist, In any one or more instances,
     upon a strict  performance  of any of the  covenants or  agreements in this
     Lease, or to exercise any option herein contained shall not be construed me
     a waiver or a  relinquishment  for the future of such covenant,  or option,
     but the some  shall  continue  and  remain in full  force and  effect.  The
     receipt by lessor  rent,  with  knowledge  of the breach of any covenant or
     agreement thereof shall not be deemed a waiver of such breach end no waiver
     by Lessor if any provision  hereof shall be deemed to have been made unless
     expressed in writing and signed by Lessor.

                                      -57-
<PAGE>

16.  CONDEMNATION.  Lessor reserves to itself and Lessee assigns to Lessor,  all
     rights to damages occurring on account of any taking or condemnation of any
     part of the Property  hereby leased,  or by reason of any act of any public
     or  quasi-public  authority For which damages are payable  Lessee agrees to
     execute such  Instruments  of assignment  as may be required by Lessor,  to
     join with Lessor In any petition for the recovery of damages,  if requested
     by  Lessor,  and to turn  over to  Lessor  any  such  damages  that  may be
     recovered  in any such  proceeding.  Lessor  does not reserve to itself and
     Lessee  does not assign to Lessor any damages  payable  for trade  fixtures
     Installed by Lessor at Lessee's own cost and expense  which are not part of
     the  Property.  In the event of a  condemnation  or taking of the  Property
     hereby  leased,  Lessor may  terminate  this Lease  upon  thirty  (30) days
     written notice to Lessee; in the event of a condemnation or taking In which
     more than twenty-Five (25%) percent of the property is taken,  either party
     may elect to  terminate  this Lease upon  thirty (30) days prior to written
     notice to the other party.

17.  SUBORDINATION.  All rights and interests or Lessee  hereunder are and shall
     be and remain subject,  subordinate and inferior to all bona Fide mortgages
     heretofore or hereafter given and  encumbering  the Property,  or any, part
     thereof,  and shall likewise be  subordinate  and inferior to all renewals,
     modifications,  consolidations,  replacements  and  extensions  of any such
     mortgage  shall at all times be and remain prior and superior to all rights
     and interests of Lessee.  The provisions of this paragraph shall operate as
     a  subordination  agreement  with  respect  to all such  mortgages  and all
     renewals,  modifications,   consolidations,   replacements  and  extensions
     thereof.  IF the  holder  of any  such  mortgage  or any  person,  firm  or
     corporation  agreeing to make a loan  secured by a mortgage on the property
     shall require  confirmation  of' any  subordination  for which provision in
     herein  made  or  separate  subordination  agreement  with  respect  to any
     mortgage   transaction,   Lessee  shall   execute  such   confirmation   or
     subordination agreement in form as required by such mortgage holder or such
     person,  firm or corporation  agreeing to make a loan secured by a mortgage
     on the Property, and the execution of same shall not diminish or affect the
     liability  of the  Lessee  hereunder  or of any  party  responsible  for or
     guaranteeing the obligations of said Lessee under this Lease.

18.  NOTICES.  Any notices demand required or permitted by law, or any provision
     of this Lease,  shall be in  writing,  and It the same is to be served upon
     the Lessor,  may be personally  delivered to Lessor, or may be deposited in
     the United  States  mail,  registered  or  certified,  with return  receipt
     requested, postage prepaid, and addressed to Lessor at address net forth by
     Lessor.

19.  INDEMNIFICATION.  Lessee  agrees that It will make full and prompt  payment
     of, all sums  necessary  to pay for the cost of all  repairs,  alterations,
     Improvements,  changes  or other  work  done by the  Lessee  to the  leased
     building or premises and further  agrees to indemnify and save harmless the
     Lessor  from and  against  any and all costs and  liabilities  incurred  by
     Lessee and  against any and all  mechanics',  material  man's or  laborers'
     liens  arising  out of or from  such work or the coat  hereof  which may be
     asserted,  claimed or charged  against  the leased  building  and  premise.
     Notwithstanding  anything  appearing  In this  Lease,  the  Interest of the
     Lessor  In  the  leased   premises  shall  not  be  subject  to  liens  for
     Improvements  or work made or done by the Lessee  whether or not same shall
     be made or done in accordance with an agreement  between Lessor and Lessee,
     and It In agreed that In no event  shall the Lessor or the  interest of the
     Lessor In any of the  Leased  premises  be liable for or  subjected  to any
     mechanics,  material-man's, or laborer's liens for improvement or work done
     or made by the Lessee and the Lease  expressly  prohibits the subjecting of
     the  interest  of the  Lessor  in the  leased  premises  to any  liens  for
     improvements  made by the Lessee or for which the Lessee is responsible for
     payment under the terms of this Lease,  and all persons dealing with Lessee
     are put on notice of these provisions.  In the event any notice or claim of
     lien shall be asserted of record  against the interest of the Lessor in the
     leased  Property,  on account of or growing out of any  improvement or work
     made or done by the Lessee, or any person claiming by, through or under the
     Lessee, or for improvement or work the cost of which is the  responsibility
     of the  Lessee,  then  Lessee  agrees to have such  notice or claim of lien
     cancelled  and  discharged  of record as a claim  against  the  interest of
     Lessor in the lease  premises;  either by payment  and  satisfaction  or by
     removal by transfer to bond or deposit as permitted by law, within ten (10)
     days after notice to Lessee by Lessor,  and In the event Lessee fails to do
     so Lessee shall be  considered  to be in default under this Lease with like
     affect as if Lessee should have failed to pay a rental payment when due and
     within any applicable grace period provided for payment of same.

                                      -58-
<PAGE>

20.  AGREEMENT.  This Lease Agreement  constitutes  the entire  agreement of the
     parties and may not be modified except by written  instrument signed by the
     party  against  whom  such  modification  is sought  to be  enforced.  This
     Agreement  shall be binding  upon the parties,  the legal  representatives,
     successors and assigns and shall be construed and enforced  pursuant to the
     laws of the State of Florida.  All terms herein shall mean and refer to the
     singular or plural, the masculine or feminine and to natural persons and to
     entities as required by the context.

21.  ASSIGNMENT OR SUBLETTING.  Lessee shall not mortgage,  pledge,  assign,  or
     otherwise  encumber its interest in the Property or in this Lease nor shall
     it permit any other  person or entity to occupy any or all of the  Property
     without first obtaining Lessor's written consent thereto. Such consent will
     not be unreasonably withheld but may be conditioned upon the receipt by the
     Lessor of the following:  (a) A recent financial  statement of the proposed
     assignee  or  subleases;  (b) a  statement  of the  nature of the  business
     intended to be conducted in the Property,  the name of the officers and the
     number of  employees  expected  to be located at the  Property;  and (c) an
     unequivocal  assumption  of  liability  by the assignee or subleases of the
     Lease with the rental adjusted to reflect the then fair market rental value
     of the Property;  but, in no event shall the rent be  decreased,  provided,
     however Lessor in its sole discretion shall be entitled to, and may require
     Lessee to remain  primarily  liable under the Lease, and not as a surety or
     guarantor subsequent to any such assignment.  Lessor shall have thirty (30)
     days from the receipt of items (a) through  (c), in which to notify  Lessee
     of Lessor's  acceptance or rejection of the offer to terminate.  Assignment
     and  subletting  shall include any  transfers to Lessee's  interest in this
     Lease,  whether voluntary or involuntary,  including any lien upon Lessee's
     or subleases  or  assignees,  or any receiver or trustee with  jurisdiction
     over  Lessee,  or by a transfer  by any persons or person  controlling  the
     lessee  on the date  hereof  of the  control  of  Lessee  to a  person  not
     controlling Lessee on the date thereof.

22.  HOLD  HARMLESS.  Lessee  agrees to pay, and to protect,  Indemnify and save
     harmless  Lessor  from and against  any and all  liabilities,  obligations,
     losses, damages, costs, penalties,  expenses (including all attorney's fees
     and  expenses of Lessee and of Lessor),  causes of action,  suits,  claims,
     demands or judgments of any nature whatsoever arising from (1) any accident
     or injury  to, or the death of,  any  person or damage to  property  on the
     Lessor's  premises,  or upon immediately  adjoining  sidewalks,  streets or
     ways; (2) violation of any agreements or condition of this Lease and of the
     contracts,   agreements,   restrictions,   statutes,  laws,  ordinances  or
     regulations  or other  documents ( whether or not  recorded)  affecting the
     property or any part thereof,  or the ownership,  occupancy or use thereof,
     or (3) any  tortuous act or omission on the part of Lessee or of any of its
     agents, contractors,  subleases, licensers, or invitees. In case or suit or
     proceeding is brought  against  Lessor by reason of any  occurrence  herein
     described,  Lessee will at Its own  expense  defend  such  action,  suit or
     proceeding with council satisfactory to Lessor.

23.  INSURANCE. Tenant agrees to maintain In full force and effect, at all times
     during  the  term of this  Lease,  policies  of  insurance,  affording  the
     Following  coverage's:  (a)  comprehensive  general  liability for personal
     injury or property damage In or about the premises  resulting from the use,
     occupation  or  operation  of the  Premises  in an  amount  not  less  than
     $300,000.00  of  combined  single  limit  (b) Fire and  extended  coverage,
     vandalism   and   malicious   mischief   and,   where   applicable   Lessee
     stock-in-trade,  fixtures, furniture,  furnishings, trade equipment, signs,
     and any other property owned by Lessee and kept on the premises, In amounts
     not less then the full insurable value,  i.e. actual  replacement  value of
     such  contents  and  personal  property;  (c)  workman's  compensation,  as
     required  by  Florida  Statues.   Except  for  the  worker's   compensation
     insurance,  all  policies  shall name  Lessor,  as  additional  insured and
     provide that the  interest of same shall not be affected by any  negligence
     or breach of any Lease or policy provisions by Lessor,  Lessee,  Mortgages,
     sub lessee or occupant  of the  premises.  Lessee  shall  furnish  Lessor a
     certificate of its insurance  evidencing  such insurance and providing that
     the  coverage  thereby  shall not be  cancelled  or  terminated  unless the
     insurer  first gives  Lessor not less than  thirty (30) days prior  written
     notice.  Failure to provide such  insurance  coverage  shall  constitute an
     event of default of this Lease,  and  notwithstanding  any of the forgoing,
     Lessee  shall not do or permit to be done any act or thing which may result
     In the suspension or cancellation of any insurance  policy or for which the
     insurance  risk wouldn't be  increased.  In the event  Lessee's  activities
     result in an  increase in  insurance  premiums to any policy held by Lessor
     for the property,  Lessee shall reimburse Lessor for such increase.  Tenant
     shall provide such evidence of coverage prior to opening for business.

                                      -59-

<PAGE>

24.  OTHER.  Lessee  agrees to keep  condition  of the leased  space in sanitary
     standards  acceptable to Lessor, and to adhere to any rules and regulations
     submitted to Lessee by Lessor pertaining to the property.

25.  HOLDING OVER. If the Lessee or any approved  assignee or sub lessee,  shall
     continue to occupy the property after the termination of the Lease, without
     the prior  written  consent  of  Lessor,  such  tenancy  shall be a tenancy
     sufferance.  Any term at sufferance  will be at a monthly rental twice that
     of the last full month's  rental.  Acceptance by Lessor of any rental after
     termination shall not constitute a renewal of the Lease nor consent to such
     occupancy,  nor shall it constitute a waiver of Lessor's  right to re-entry
     or any other right contained herein.

26.  MAINTENANCE.  Lessor shall  guarantee on  commencement  date of this Lease,
     proper  operating  condition  of:  plumbing  lines and  fixtures;  lighting
     Fixtures  and  wiring;  air  conditioning  equipment.  Lessor  will also be
     responsible  during the term of this Lease for  maintaining  the structural
     components,  the exterior walls, doors and roof, unless Lessee's negligence
     or fault  thereto  shall  cause  damage.  Lessor  will be  responsible  for
     replacement of major components of AC unit. Lessee shall be responsible for
     servicing and maintaining in proper  operating  condition,  the interior of
     the  leased  premises  including  all  plumbing,  mechanical  systems,  air
     conditioning  equipment,  and lighting  fixtures.  And the Lessee agrees to
     make repairs promptly for problems caused by Lessee's neglect,  as they may
     be needed and at Lessee's  own expense.  At the end of the Lessee term,  or
     termination,  Lessee  shall  deliver  up the  property  in clean and proper
     operating  condition  except ordinary wear and tear.  Lessee shall keep all
     common  areas  such as  sidewalks  and back alley free of debris or objects
     caused by the Lessee. Refuse to be deposited at curb for city pick up.

27.  RESTRICTIONS:  1001 Kings  Ave.  Building  parking  not  included  with the
     following  exception;  the  Lessee  has the  option  to  rent  up to  seven
     designated spaces at designated Kings Building Parking.  The parking spaces
     will be subject to the  conditions  and payment terms of this lease.  Under
     this lease period each space is $50 per month + any  applicable tax with an
     annual 10% increase  for the lease term.  Whenever  Radisson or  comparable
     parking becomes available at a competitive rate either party may waive this
     option.

ADDITIONAL PROVISIONS:

**Lessee agrees to pre-pay the first two months of rent. Lessor allows Lessee to
occupy 400 sq. ft. of office space rent-free until April 1, 2000.  Referenced in
paragraph 3 & 4 page 1, Lessor  grants  pursuant to  paragraph 21 page 5 consent
for subletting to Maige, Matthews & Co. P. A.

     The lessor will provide per the attached build-out preliminary plans.
     o    Complete preparation and repair of floors;
     o    Cleaning and finishing interior perimeter walls to brick;
     o    Ceiling finishing with adequate lightning per plans;
     o    Repair & replace where needed HVAC vents and ductwork;
     o    Existing electric outlets repaired;
     o    Demolition of 3 walls;
     o    Wall construction per preliminary design finished & painted;  150'full
          walls & 60' half walls;
     o    Provide & install new carpet at 28 oz. Nylon;
     o    11 additional standard interior doors.

                                      -60-
<PAGE>

Lessee will provide:

     o    Completed  set of plans  signed & sealed for permits with the approval
          of the lessor within 7 days;
     o    Install, stain and provide the crown molding and base trim for the 2nd
          floor build-out per Lessee's design;
     o    Increase  expenses for any upgrades,  changes or items not included in
          Lessor.

     IN WITNESS WHEREOF, the parties hereto have executed this agreement this 28
day of February 2000.

Signed, sealed and delivered In the presence of:

/s/ Marc J. Krug                  LESSOR:
--------------------------
                                   /s/ Robert L. Upchurch
                                   ---------------------------------------
                                   Robert L. Upchurch \President
                                   UPCHURCH-SUTTON, Inc.
                                   1001 Kings Ave., Jacksonville, FL 32207

                                   LESSEE:

/s/ Marc J. Krug                    /s/ Timothy J. Murtaugh
--------------------------         ---------------------------------------
                                   Timothy Murtaugh, CEO
                                   AMERITALKS.COM\Ridethepipe.com
                                   8129 W. Jose Circle, Jacksonville, FL 32217
                                   Personal guarantee:

                                   /s/ Timothy Murtaugh
                                   ---------------------------------------
                                   Timothy Murtaugh\President & CEO

                                      -61-EXHIBIT 10.4 - Financial Advisory Agreement with LM Investment Group, Inc.

                            LM Investment Group, Inc.
                               523 NE 47th Street
                            Boca Raton, Florida 33431

                                                                     May 1, 2000

Tim Murtaugh
CEO
Pipeline Technologies, Inc., Inc..
1001 Kings Avenue
Suite Two Hundred
Jacksonville, FL  32207

Gentlemen,

     The purpose of this letter is to confirm the  engagement  of LM  Investment
Group,  Inc.(LMIG)  as  exclusive  placement  agent and  financial  advisor  for
Pipeline Technologies,  Inc. Inc. for the Engagement Period (as herein defined),
in connection with a proposed private offering of 1,000,000  minimum / 3,000,000
maximum  shares  to be  priced  at $2.00 per share on the terms set forth on the
Term Sheet  hereto  (the  "Financing").  The terms  pursuant to which LMIG is to
assist and advise the Company in connection with the Financing are:

1.   Services.  The Company hereby engages LMIG as its exclusive placement agent
     and  financial  advisor in  connection  with the  Financing.  In connection
     therewith,  LMIG  shall  provide  the  following  services:  (i) advise the
     Company with respect to the form and  structure of the proposed  Financing;
     (ii)  assist the  Company in  developing  any  necessary  materials;  (iii)
     identify and make contact with prospective  financing sources;  (iv) assist
     the Company in conducting  presentations  and due  diligence  meetings with
     prospective  financing  sources;  and (v) assist the Company in obtaining a
     Nasdaq  small-cap  market listing;  & (vi) provide such other financial and
     advisory and investment  banking services  required to close the Financing.
     The  Financing  is to be  placed  by  LMIG  on a "best  efforts"  basis  to
     accredited investors.

2.   Information.  In connection with LMIG  activities on the Company's  behalf,
     the Company  will furnish LMIG or  prospective  financing  sources with all
     information that it may reasonably  request and provide LMIG or prospective
     financing  sources  reasonable  access  to  Company  officers,   directors,
     accountants and counsel.

                                      -62-
<PAGE>

3.   Documentation.  The  Company  and it's  counsel  shall  prepare  a  Private
     Placement  Memorandum or said other  documentation  which in the opinion of
     company  counsel is sufficient for the  financing;  and the Company and its
     counsel  shall prepare any Notes,  Certificates  of  Designation,  or other
     certificates  that may be necessary  representing the securities to be sold
     in the Financing.  The Company will pay all expenses incurred in connection
     with the preparation and the printing of any such documents, as well as its
     own  accounting,  legal,  travel and other expenses  incurred in connection
     with the Financing.

4.   Compensation.  In consideration of LMIG services, LMIG shall be entitled to
     receive, and the Company hereby agrees to pay LMIG the following:

     (a)  A  $10,000  retainer  vs.  expenses  due  upon the  execution  of this
          agreement; plus;

     (b)  Upon closing (or any partial  closing) of the Financing,  a consulting
          fee  equal  to  10% of  the  gross  proceeds  of  the  Financing  plus
          accountable expenses up to 3% plus;

     (c)  Upon the closing of the Financing, seven year warrants to purchase 15%
          of the common  shares sold by LMIG in the  Financing,  exercisable  at
          same price ($2.00) as the offering; plus

     (d)  A one year advisory  agreement  providing for payment of $5,000.00 per
          month in consideration  for investor  relations  consultative  efforts
          inclusive  but  not  limited  to,  reverse  split   analyses/merger  &
          acquisitions analyses and financial public relations support; plus

     (e)  First right of refusal

5.   Expenses. In addition to the compensation described in Section 4 above, the
     Company agrees to promptly  reimburse LMIG, upon request from time to time,
     for all out-of-pocket  accountable  expenses incurred  (including,  without
     limitation, all printing, mailing,  reproduction,  word processing,  travel
     and lodging  expenses  reasonable fees and  disbursements  of LMIG' counsel
     (not to  exceed  $5,000  without  written  Company  approval,  and fees and
     disbursements of other  consultants and advisors  retained by LMIG with the
     Company  consent)  in  connection  with  LMIG  services  pursuant  to  this
     Agreement.

6.   Conditions  to  Financing.  LMIG  engagement  hereunder  is  subject to the
     satisfaction, in its sole discretion, of the following conditions:

                                      -63-
<PAGE>

     (a)  LMIG due diligence  investigation of the Company,  including,  without
          limitation,   background  searches,   customer   evaluations,   market
          analysis,   financial   statements,   business  prospects,   financial
          projections, etc;

     (b)  A capitalization  structure reasonably  acceptable to LMIG which shall
          consist of (I) no more than an aggregate of 15 million shares of fully
          diluted Common Stock.

     (c)  If the  business  plan is not met  within 75% of the  profomas  of the
          business plan (as to sales and  earnings),  the offering price will be
          reset.

     (d)  The approval of LMIG Commitment Committee;

     (e)  The   execution  of  an  Agency   Agreement   containing   such  other
          representations  and  covenants  of the  Company  as  are  customarily
          included in such agreement; and

     (f)  There being no material  adverse change in the business of the Company
          or in general market conditions.

     (g)  LMIG will get one seat on the  Pipeline  Technologies,  Inc.  board of
          directors.

7.   Indemnification.  The  Company  shall  indemnify  LMIG  under its  standard
     indemnification provisions attached hereto and made a part hereof.

8.   Termination.  (a) As long as LMIG is  proceeding  in good  faith  with  the
     preparations  of the  Financing,  the Company  agrees not to enter into any
     agreement  with or solicit  any  underwriter,  placement  agent,  financial
     advisor or other  person in  connection  with an offering of the  Company's
     securities  for at  least  90 days  following  LMIG  receipt  of  financing
     documents  allowing  for  subscription  to  the  Financing  or  July,  2000
     whichever is earlier.

                                      -64-
<PAGE>

9.   Registration. The 1,000,000 - 3,000,000 shares sold as part of the offering
     must  become  registered  ( a  registration  statement  must be  filed  and
     declared effective within six months of the close of the offering). If this
     is not attained,  supplemental  shares at the rate of 10% per month will be
     issued to the investor until their stock is fully registered.

10.  Future  Transactions.  (a) The  Company  hereby  agrees that if at any time
     within 90 days from the later of (I) the date hereof,  (ii) the date of the
     closing  of the  Financing,  or  (iii)  the  date  of  termination  of this
     Agreement (the "Effective  date"),  the Company (or any of its subsidiaries
     or affiliated entities or successors) obtains any financing from any person
     or entity  introduced  by LMIG,  the Company  will pay to LMIG the fees set
     forth in Sections 4(b) and 4(c) above.  The Company also agrees that in the
     event that if at any time  within  one year from the  Effective  Date,  the
     Company   enters  into  or   consummates   any  merger  or  other  business
     combination,  or any  acquisition  or sale of 25% or more of the  stock  or
     assets of such selling entity (each a "Sale  Transaction")  with any person
     or entity  introduced by LMIG,  the Company will pay to LMIG a fee equal to
     three percent (3%) of the " total consideration" paid to or received by the
     Company and its shareholders in such Sale Transaction,  such fee to be paid
     at the closing of the  transaction  to which it relates in the same manner,
     kind and  proportion as the  consideration  paid in such  transaction.  For
     purposes hereof,  "total  consideration" shall include, but not limited to,
     cash,  the  face or fair  market  value of any  debt or  equity  securities
     issued,  any  long  term  debt  assumed  or paid  off,  and any  severance,
     non-compete or other payments in excess of standard amounts.

11.  Governing  Law/Resolution of Disputes.  The validity and  interpretation of
     the  Agreement  shall  be  governed  by the laws of the  State  of  Florida
     applicable to agreements made to be fully performed  therein.  LMIG and the
     Company will attempt to settle any claim or controversy arising out of this
     Agreement  through  consultation and negotiation in good faith and a spirit
     of mutual  cooperation.  If those attempts  fail,  then the dispute will be
     mediated  by a mutually  acceptable  mediator  to be chosen by LMIG and the
     Company  within 15 days after  written  notice from either party  demanding
     mediation.  Neither party may unreasonably withhold consent to selection of
     a mediator,  and the parties will share the costs of the mediation equally.
     Any  dispute  which the  parties  cannot  resolve  through  negotiation  or
     mediation within six months of the date of the initial demand for it by one
     of the parties may then be submitted to binding arbitration under the rules
     of the American Arbitration Organization of New York for resolution.

     The use of mediation  will not be construed  under the doctrine of latches,
     waiver or estoppel to affect adversely the rights of either party.  Nothing
     in this  paragraph  will prevent  either  party from  resorting to judicial
     proceedings  if (a) good faith  efforts to resolve the dispute  under these
     procedures  have been  unsuccessful  or (b) interim  relief from a court is
     necessary to prevent serious and irreparable injury.

                                      -65-
<PAGE>

12.  Successors and Assigns.  The benefits of this Agreement  shall inure to the
     respective  successors and assigns of the parties hereto, their successors,
     assigns and representatives, and the obligations and liabilities assumed in
     this  agreement  by the  parties  shall be binding  upon  their  respective
     successors and assigns; provided, that the rights and obligations of either
     party under this  Agreement  may not be assigned  without the prior written
     consent of the other party and any other purported assignment shall be null
     and void.

13.  Miscellaneous. The following conditions apply:

     (a)  It is  understood  that  the  obligation  of LMIG  is to use its  best
          efforts to secure the Financing and there is no obligation on the part
          of LMIG to participate in such Financing.

     (b)  The  Company  represents  hereby that it is a  sophisticated  business
          enterprise  that has retained LMIG for the limited  purposes set forth
          in this  letter,  and the  parties  acknowledge  and agree  that their
          respective  rights and  obligations  are  contractual in nature.  Each
          party  disclaims an intention to impose  fiduciary  obligations on the
          other by virtue of the engagement contemplated by this letter.

     (c   ) If the Company does not attain the  estimated  sales and earnings of
          the business  plan(within 75%), a provision shall be made with respect
          to the stock price or the amount of stock the  investor  will  receive
          and shall be reset.

If the foregoing is  acceptable,  please sign a copy of this letter in the space
provided  below and return the copy to the  undersigned by April 10, 2000. If an
executed copy of the letter  agreement is not received on or prior to such date,
this letter shall be void and no further force or effect.

                                Very truly yours,

                  LM Investment Group, Inc. By:  /s/ Jeffrey Leach
                                                 -----------------

                  Confirmed and Agreed to this 1st day of May, 2000

                  Pipeline Technologies, Inc.

                          By:  /s/ Timothy J. Murtaugh, CEO
                               ----------------------------

                                      -66-
<PAGE>

                                   Term Sheet

      Offering:                  1,000,000 - 3,000,000 shares of common stock
                                 at $2.00.

      Mini/Max:                  $2,000,000 - $6,000,000

      Lock-up Provision:         Until Registration is declared
                                 (within 12 months)

      Dividend Rate:             None

      Registration:              Registration of underlying Common Stock one
                                 year after closing with resets.

                                      -67-
<PAGE>

                           INDEMNIFICATION PROVISIONS

     Pipeline  Technologies,  Inc., Inc. (the "Company") agrees to indemnify and
hold harmless obligations,  penalties,  judgments,  awards, liabilities,  costs,
expenses and  disbursements  (and any and all actions,  suits,  proceedings  and
investigations  in  respect  thereof  and any and all  legal  and  other  costs,
expenses  and  disbursements  in giving  testimony  or  furnishing  documents in
response to a subpoena or otherwise),  including, without limitation, the costs,
expenses and disbursements, as and when incurred of investigating,  preparing or
defending any such action, suit, proceeding or investigation  (whether or not in
connection  with  litigation in which LMIG is a party),  directly or indirectly,
caused by,  relating to, based upon,  arising out of, or in connection with LMIG
acting for the Company,  including  without  limitation,  any act or omission by
LMIG in connection with its acceptance of or the performance or  non-performance
of its obligations under the Agreement dated April 5, 2000,  between the Company
and LMIG to which these indemnification  provisions are attached and form a part
(the  "Agreement").  The  Company  also  agrees  that  LMIG  shall  not have any
liability (whether direct or indirect,  in contract or tort or otherwise) to the
Company for or in  connection  with the  engagement of LMIG except to the extent
that any such  liability  is found in a final  judgement by a court of competent
jurisdiction  (not subject to further  appeal) to have  resulted  primarily  and
directly from LMIG gross negligence or willful misconduct.

     The indemnification  provisions shall be in addition to any liability which
the Company may otherwise have to LMIG or the persons  indemnified below in this
sentence and shall  extend to the  following:  LMIG,  its  affiliated  entities,
partners,  employees,  legal counsel, agents and controlling persons (within the
meaning of the federal securities laws), and the officers, directors, employees,
legal counsel,  agents and controlling persons of any of them. All references to
LMIG in these indemnification  provisions shall be understood to include any and
all of the foregoing.

                                      -68-
<PAGE>

     If any action, suit, proceeding or investigation is commenced,  as to which
LMIG  proposes  to demand  indemnification,  it shall  notify the  Company  with
reasonable promptness; provided, however, that any failure by LMIG to notify the
Company shall not relieve the Company from its obligations  hereunder  except to
the extent that the Company is materially  prejudiced thereby. If the Company so
elects,  or is  requested  by LMIG,  the Company will assume the defense of such
action, suit,  proceeding or investigation,  including the employment of counsel
reasonably acceptable to LMIG, and the payment of fees and disbursements of such
counsel.  In the event,  however,  that the Company fails to promptly assume the
defense thereof with counsel  reasonably  acceptable to LMIG, or LMIG determines
in its reasonable  judgement that it has one or more defenses  different than or
in  addition to those of the  Company,  then LMIG shall have the right to retain
one counsel (in  addition to any local  counsel) of its own choice to  represent
it, and the  Company  shall pay the fees,  expenses  and  disbursements  of such
counsel;  and such counsel shall, to the extent consistent with its professional
responsibilities,  cooperate with the Company and any counsel  designated by the
Company.  The Company  shall be liable for any  settlement  of any claim against
LMIG  made  with the  Company's  written  consent,  which  consent  shall not be
unreasonably  withheld. The Company shall not, without the prior written consent
of LMIG,  settle or compromise any claim,  or permit a default or consent to the
entry of any judgement in respect thereof, unless such settlement, compromise or
consent includes,  as a conditional term thereof,  the giving by the claimant to
LMIG of an unconditional release from all liability in respect of such claim.

     In order to provide  for just and  equitable  contribution,  if a claim for
indemnification  pursuant to these indemnification  provisions is made but it is
found in a final judgement by a court of competent  jurisdiction (not subject to
further appeal) that such indemnification may not be enforced in such case, even
though the express  provisions hereof provide for  indemnification in such case,
then the Company, on the one hand, and LMIG, on the other hand, shall contribute
to the losses,  claims  damages,  obligations,  penalties,  judgements,  awards,
liabilities,  costs,  expenses,  and  disbursements,  to which  the  indemnified
persons may be subject in accordance with the relative  benefits received by the
Company,  on the one hand,  and LMIG,  on the other hand,  and also the relative
fault  of the  Company.  On the one  hand,  and  LMIG,  on the  other  hand,  in
connection with the statements, acts or omissions which resulted in such losses,
claims, damages obligations,  penalties, judgements, awards, liabilities, costs,
expenses or disbursements and the relevant equitable  considerations  shall also
be considered.

                                      -69-
<PAGE>

     No person found liable for a fraudulent misrepresentation shall be entitled
to contribution from any person who is not also found liable for such fraudulent
misrepresentation. Notwithstanding the foregoing, LMIG shall not be obligated to
contribute  any amount  thereunder  that  exceeds the amount of fees  previously
received by LMIG pursuant to this Agreement.

     Neither  termination  nor  completion of the engagement of LMIG referred to
above shall these  indemnification  provisions which shall then remain operative
and in full force and effect.

                                      -70-

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