Document:

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                                    LEASE

         THIS LEASE by and between Augusta Industrial Development Corporation, a
Wisconsin non-stock, not-for-profit corporation, hereinafter referred to as
"Landlord," and Nortech Systems, Inc., a Minnesota Corporation, hereinafter
referred to as "Tenant";

         1. PREMISES. The Landlord leases to the Tenant and the Tenant leases
from the Landlord, for the term and upon the terms and conditions hereinafter
set forth, the premises located at 750 Industrial Park Drive, Augusta, Wisconsin
and described as follows:

         A parcel of land located in Eau Claire County, State of Wisconsin,
         described as follows: Lot 1 of Eau Claire County certified survey map
         number 1358 filed March 14, 1997, in volume 7 of Certified Survey Maps,
         pages 137-139 in the office of the Register of Deeds for Eau Claire
         County Wisconsin.

The premises include the land described above, the building erected thereon,
and leasehold improvements constructed by landlord at the cost of $200,000.
Any leasehold improvements not included in this description of the leased
premises (those which exceed landlord's $200,000.00 expenditure or those
constructed later by tenant) shall be governed by Paragraph 18, below.

         2. TERM. The term of this lease shall be for Four Years, beginning on
the First day of January, 2000, and ending on the 31st day of December, 2003.

         3. RENTAL. The Tenant shall pay the Landlord a basic rental as follows:
         For each month of the year 2000 - a basic monthly rental of $2,500.00;
         For each month of the year 2001 - a basic monthly rental of $3,000.00;
         For each month of the year 2002 - a basic monthly rental of $3,500.00;
         For each month of the year 2003 - a basic monthly rental of $3,500.00;

each monthly rental payment being payable in advance on the first day of each
month during the term of this Lease. All rent shall be due and payable to the
Landlord at such address as the Landlord may from time to time direct in
writing.

         4. NET RENT. It is the intention of the parties that the Landlord shall
receive

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the rents, additional rents and all sums payable by the Tenant under this Lease,
free of all taxes, expenses, charges, damages and deductions of any nature
whatsoever, and the Tenant covenants and agrees to pay all sums which, except
for this Lease, would have been chargeable against the leased property and
payable by the Landlord. The Tenant shall, however, be under no obligation to
pay interest on any mortgage on the fee of the leased property, any franchise or
income tax payable by the Landlord, or any gift, inheritance, transfer, estate
or succession tax by reason of any present or future law which may be enacted
during the term of this Lease. The Tenant shall furnish, to the Landlord,
official receipts or other satisfactory proof of payment within a reasonable
time after demand by the Landlord.

         5. ADDITIONAL RENT. All sums (other than the basic rent) which may be
due and payable, or are to be deposited with the Landlord under this Lease,
shall be payable on demand and shall be deemed to be additional rent hereunder
and, in the event of nonpayment by the Tenant, the Landlord shall have all the
rights and remedies with respect thereto as the Landlord has for the nonpayment
of the basic rent.

         6. HOLD OVER. If the Tenant shall occupy the premises with the consent
of the Landlord after the expiration of this Lease, and rent is accepted, such
occupancy and payment shall be construed as an extension of this Lease for the
term of one month only from the date of expiration. Occupancy and payment
thereafter shall extend the term of this lease for one month at a time.

         7. TAXES. It is the hope and expectation of the parties that the leased
premises will not be subject to Real estate taxes during the term of the lease.
Landlord will request that the assessor designate the property as tax-exempt,
but makes no warranty the such request will be honored each year of the Tenant's
occupancy. The Tenant shall promptly pay all real estate and personal property
taxes, assessments, water and sewer charges, and other government levies against
the premises together with all interest or penalties thereon, all of which are
herein called impositions. The Tenant may pay impositions in installments if
payment may be so made without penalty. All impositions for the tax year in
which this Lease shall begin or terminate shall be apportioned between the
Tenant and the

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Landlord, except that on the final termination of this Lease, any impositions
which the Tenant has elected to pay in installments shall be paid in full, by
the Tenant, at least sixty days prior to the expiration of the Lease term.

         The Tenant, unless excused by the Landlord, shall deposit monthly with
the Landlord, sums sufficient reasonably to anticipate the payment of all
impositions. To the extent received by the Landlord, the Landlord agrees to
apply such sums to payment of the impositions when due. Such sums received by
the Landlord for payment of impositions shall be deposited in an escrow fund or
trust account, but shall not bear interest unless otherwise required by law.
All additional sums required for the payment of any imposition shall be
deposited on the first day of the final month during which the imposition is due
and payable without interest or penalty.

         The cost of any special assessments hereafter assessed against the
premises for benefits substantially continuing beyond final termination of this
Lease shall be allocated and accounted for between the parties hereto on a
reasonable basis, it being the intention of the parties hereto that the Tenant
shall not incur more than the proportionate cost of the benefits as may pertain
to the term of this Lease.

         Tenant, at its sole cost and expense, may contest (after prior written
notice to Landlord) by appropriate proceedings conducted in good faith and with
due diligence, the amount or validity of any taxes or assessments with respect
to the premises provided that Tenant shall make payment of all contested
amounts, under protest if it desires, unless such proceedings shall suspend the
collection of taxes or assessments.

         8. MAINTENANCE. The Tenant shall bear the entire expense of all
maintenance, repairs, alterations or improvements required on the premises,
without exception. All repairs shall be in quality and class at least equal to
the condition of the premises upon commencement of this Lease. On default of the
Tenant in making such repairs, the Landlord may, but shall not be required to,
make such repairs for the Tenant, and the expense thereof shall constitute and
be collectible as additional rent.

         9. UTILITIES. The Landlord shall not be required to furnish to the
Tenant any utilities or services of any kind, such as, but not limited to,
water, heat, gas, hot

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water, electricity, light or power, and the Tenant shall pay the cost of
securing Utility service to the building. Such costs known to Landlord at this
time are: (a) NSP for installation of three phase service, $8,419.60, and (b) to
the City of Augusta for installation of Sewer and Water service, $750.00.

         9 LICENSES. The Tenant, at its sole expense, shall obtain all licenses
or permits which may be required for the conduct of its business within the
terms of this Lease, or the making of repairs, alterations, improvements, or
additions, and the Landlord, where necessary, will join the Tenant in applying
for all such permits or licenses.

         10. INDEMNIFICATION BY TENANT. Tenant will protect, indemnify and save
harmless the Landlord from and against all liabilities, obligations, claims,
demands, damages, causes of action, costs and expenses (including without
limitation, attorney's fees, interest and penalties imposed upon or incurred by
or asserted against the Landlord or the premises by reason of or arising from or
out of the conditions, use, misuse or occupancy of the premises or any building
or improvement thereon or any occurrence in, upon or at the premises or any
building or improvement thereon, except for acts or occurrences resulting solely
from the Landlord's willful act or gross negligence.

         11. INSURANCE.

         (a) The Tenant, at its expense and without cost to the Landlord, will
maintain at all times during the term of this Lease:

              (1) Fire and extended insurance coverage with respect to all
         buildings, structures and improvements including additions or
         enlargements, upon the premises or other property acquired insuring
         against loss or damage sufficient to prevent the Landlord or the Tenant
         from becoming a co-insurer of any partial loss under the applicable
         policies, which may be written on a replacement cost basis or blanket
         coverage subject to the ninety percent (90%) average clause.

              (2) Public liability and property damage insurance covering the
         premises in the following amounts: (a) in the case of a public
         liability, $500,000 per person and $1,000,000 per accident and, (b) in
         the case of property damage, a broad form policy with minimum limits of
         $100,000 for

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         each occurrence. In the alternative, Tenant may purchase $1,000,000
         single limit liability coverage. The Landlord shall be named as an
         additional insured.

              (3) If required by law, any appropriate workmen's compensation or
         other insurance against liability arising form claims or workmen in
         respect of and during the period of any work on or about the premises.

         (b)  All insurance maintained by the Tenant shall:

              (1) Except for workmen's compensation insurance, name Landlord,
         the Tenant, and any mortgage as insureds as their respective interests
         may appear, and shall include, if reasonably obtainable, an effective
         waiver by the issuer of such insurance of all rights of subrogation
         against any named insured or such insured's interest in the premises;

              (2) Provide that no cancellation, reduction in amount or material
         change in coverage thereof shall be effective until at least ten days
         after the Landlord's receipt of written notice thereof, and

              (3) Be subject to approval by the Landlord, which approval shall
         not be unreasonably withheld.

         11. ALTERATIONS. No material alteration, addition or improvement to the
premises shall be made by the Tenant without the written consent of the
Landlord.

         12. LIENS. The Tenant shall keep the premises free of mechanics',
materialman's, construction, judgment, tax and all other liens arising out of
any construction or other work done on the premises or arising because of debts
incurred by the Tenant.

         13. FIRE OR OTHER CASUALTY. If the premises are damaged by a casualty
to such an extent as to render the premises untenantable in whole or in part, it
shall be optional with the Landlord to rebuild or repair the same after the
happening of any such contingency. The Tenant shall give the Landlord immediate
notice of such casualty and the Landlord shall exercise the option to rebuild or
repair by notifying the Tenant in writing of the Landlord's intention to rebuild
or repair the premises. If the Landlord has not exercised such option within
twenty days following receipt of the notice of the casualty from the Tenant, or
if the property

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cannot be reasonably rebuilt and repaired to make the premises substantially
tenantable within ninety days after the Landlord has exercised such option, the
Tenant shall have the right to declare the Lease terminated by written notice
served upon the Landlord. If the Landlord elects to rebuild or repair, the
Landlord shall complete the work without unnecessary delay.

         If the Landlord exercises the option to rebuild or to repair the
premises, during the period when such work is being completed, the rent shall be
abated in the same ratio that the portion of the premises rendered for the time
being unfit for occupancy shall bear to the whole premises. If the casualty to
the leased premises renders the leased premises unusable for the purpose for
which it was leased, then the rent shall completely abate during the period when
such work is being completed.

         14. EMINENT DOMAIN. If any part of the premises shall be taken for any
public or any quasi-public use under any statue or by right of eminent domain,
or by private purchase in lieu thereof, such as to render the remainder of the
premises unusable for the purposes for which it was leased, then this Lease
shall automatically terminate as of the date the title shall be taken. If any
part of the premises shall be so taken and this Lease does not terminate as
provided above, then the rental shall be equitably apportioned according to the
space taken.

         The proceeds from the taking of the premises referred to above shall be
applied (1) to any loan secured by a mortgage on the premises; if any funds
remain, then, to the extent that there are sufficient funds, (2) Landlord shall
receive the cost of cleaning and restoring the site; if any funds remain, then,
to the extent that there are sufficient funds (3) the tenant shall receive the
amount, if any, attributable to the Tenant's business and equipment located
thereon; if any funds remain, then, to the extent that there are sufficient
funds, (4) tenant shall be reimbursed dollar for dollar, without interest, all
sums paid as consideration for this lease and the option to purchase contained
herein; then, any funds remain, they shall be paid to landlord.

         15. SUBLEASE. The Tenant shall not assign, mortgage or encumber this
Lease, nor sublet or permit the premises or any part thereof to be used by
others, without the prior written consent of the Landlord in each instance,
which consent shall not be unreasonably withheld. The consent by the Landlord to
an

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assignment or subletting shall not be construed to relieve the Tenant from
obtaining the consent in writing of the Landlord to any further assignment or
subletting. If the Tenant assigns or sublets this Lease, the Tenant shall remain
obligated to the Landlord for the full performance of the Tenant's obligations
under this Lease.

         16. ASSIGNMENT. The Tenant shall have the right to assign this Lease,
in whole or in part, or sublet all or any part of the premises without the
Landlord's prior written consent, provided that Tenant is not in default of any
provision of this Lease. If the Tenant assigns or sublets this Lease, the Tenant
shall remain obligated to the Landlord for the full performance of the Tenant's
obligations under this Lease.

         17. RIGHT OF ENTRY. The Landlord and his representatives may enter the
premises upon reasonable notice at any reasonable time, for the purpose of
inspecting the premises, performing any work which the Landlord elects to
undertake which is made necessary by reason of the Tenant's default under the
terms of this Lease, or exhibiting the premises for sale, lease or mortgage
financing.

         18. SURRENDER IN GOOD ORDER AND REPAIR. The Tenant shall, on the
expiration or the sooner termination of the lease term, surrender to the
Landlord the premises, including all buildings, replacements, changes, additions
and improvements constructed or placed by the Tenant thereon, except all movable
improvements and trade fixtures installed by the Tenant, broom clean, free of
subtenancies, and in good condition and repair, reasonable wear and tear
excepted. Any movable improvements and trade fixtures or personal property
belonging to the Tenant or to any subtenants, not removed at such termination,
and if the Landlord shall elect, shall be deemed abandoned and become the
property of the Landlord without any payment or offset therefor. If the Landlord
shall not so elect, the Landlord may remove such movable improvements and
fixtures or property from the premises, and store them at the Tenant's risk and
expense. The Tenant shall repair and restore, and save the Landlord harmless
from, all damage to the premises caused by such removal, whether by the Tenant
or by the Landlord.

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         19. WAIVER OF BREACH. The waiver by either party of any breach of any
term, covenant or condition herein contained shall not be deemed to be a waiver
of such term, covenant or condition or any subsequent breach of the same or any
other term, covenant or condition herein contained. The subsequent acceptance of
rent hereunder by the Landlord shall not be deemed to be a waiver of any
preceding breach by the Tenant of any term, covenant or condition of this Lease,
other than the failure of the Tenant to pay the particular rental so accepted,
regardless of the Landlord's knowledge of such preceding breach at the time of
acceptance of such rent. No covenant, term or condition of this Lease shall be
deemed to have been waived by either party unless such waiver is in writing by
such party.

         20. REIMBURSEMENT OF EXPENSES. If the Tenant defaults in the
observation or performance of a term or covenant on the Tenant's part to be
observed or performed under any of the terms or provisions in any paragraph of
this Lease, the Landlord may immediately, or at any time thereafter and without
notice, perform the same for the account of the Tenant. If the Landlord makes
any expenditures or incurs any obligations for the payment of money in
connection therewith including, but not limited to, attorney's fees in
instituting, prosecuting or defending any action or proceeding, such sums paid
or obligations incurred, with interest and costs, shall be deemed to be
additional rent hereunder and shall be paid by the Tenant to the Landlord within
five days of the rendition of any bill or statement to the Tenant therefor.

         21. SUBROGATION. The Landlord and the Tenant, and all parties claiming
under them, hereby mutually release and discharge each other from all claims and
liabilities arising from or caused by any hazard covered by insurance on the
leased property, or covered by insurance in connection with property on or
activity conducted on the premises, regardless of the cause of damage or loss.
This release shall be valid and binding only in the event it is recognized and
accepted by the insurance company covering such claim or liability.

         22. SIGNS. The Tenant, with the approval of the Landlord, may place
signs upon the leased premises. The approval of the Landlord will not be
unreasonably withheld.

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     23. DEFAULT OF TENANT. The Landlord may give the Tenant ten days' of the
Landlord's intention to terminate the Lease in the event of any of the following
circumstances:

     (a) If the Tenant is in default in the payment of the basic monthly rental,
in the payment of the additional rental or in the performance of any covenant of
this Lease, other than those specified in Subparagraphs (b) through (d) below,
and such default is not cured within fifteen days after written notice thereof
is given to the Tenant by the Landlord; or if such default is of such nature
that it cannot be cured completely within fifteen days, if the Tenant has not
promptly commenced curing such default within such fifteen-day period and
thereafter proceeded with reasonable diligence and in good faith to remedy such
default.

     (b) If the Tenant is adjudicated a bankrupt, makes a general assignment for
the benefit of creditors, or takes the benefit of any insolvency act, or if a
receiver or trustee in bankruptcy is appointed for the Tenant's property and
such appointment is not vacated within ninety days.

     (c) If the premises becomes vacant or deserted for a period of thirty days.

     (d) If this Lease is assigned or the premises sublet other than in
accordance with the terms hereof.

         If the Landlord shall give the ten days' notice of intention to
terminate provided above, unless the condition giving rise thereto is cured
within such period (in which case this Lease shall not terminate), then, at the
expiration of such period, this Lease shall terminate as completely as if that
were the date herein definitely fixed for the expiration of the term of this
Lease, and the Tenant shall then quit and surrender the premises to Landlord.
The Tenant shall remain liable for all its obligations for the basic monthly
rental and the additional rental under this Lease despite such termination of
this Lease.

     24. SHORT FORM LEASE. The parties will at any time, at the request of
either one, promptly execute duplicate originals of an instrument, in recordable
form, which will constitute a short form of lease, setting forth a description
of the premises, the term of this Lease including any renewal option, Option to
Purchase and any other portions thereof, excepting the rental provisions, as
either party may request. All provision of this Lease shall be incorporated by
reference into such short form lease.

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         25. CONVEYANCE BY LANDLORD. The term "Landlord" as used in this Lease,
so far as the covenants and obligations on the part of Landlord are concerned,
shall mean only the owner or owners of the premises, and in the event of any
transfer or transfers of title thereto, the Landlord named (and in the case of
any subsequent transfer, the then grantor) shall be released from and after the
date of such transfer of all personal liability as respects the performance of
any covenants or obligations by the Landlord thereafter to be performed;
provided that any funds in the hands of the Landlord or the then grantor, at the
time of such transfer in which Tenant has an interest, shall be delivered to the
grantee. It is the intent of the foregoing that the Landlord's covenants and
obligations hereunder shall be binding on Landlord, its successors and assigns,
only during and in respect of their respective successive periods of ownership
of the premises.

     26. OPTION TO PURCHASE. Not more than 180 days nor fewer than 90 days
before the expiration of the lease term or any renewal thereof, tenant may
notify landlord that tenant excercises this option to purchase the premises. In
such event, and if, but only if, tenant is not in default in respect to the
payment of any sums due to Landlord, the day of closing shall be the last day
of that lease term. At closing, landlord shall convey merchantable title by
warranty deed, free of all leans except easements, restrictions, and covenants
of record and lawful building restrictions upon receipt of payment of the amount
of $175,000.00. Payment shall be by wire transfer of funds or by certified
check. There shall be no proration of obligations, since Tenant is already
responsible for those expenses normally prorated.

     27. MISCELLANEOUS.

     (a) The provisions of this Lease may be waived, altered, amended, or
repealed, in whole or in part, only on the written consent of all parties to
this Lease.

     (b) This Lease shall be binding on, and shall inure to the benefit of
the parties to it and their respective heirs, legal representatives, successors
and assigns.

     (c) It is intended that each paragraph of this Lease shall be viewed as
separate and divisible, and in the event that any paragraph shall be held to be
invalid, the remaining paragraphs shall continue to be in full force and effect.

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     (d) All notices, requests, demands and other communications under this
Lease shall be in writing and shall be deemed to have been duly given on the
date of service, if served personally on the party to whom notice is to be
given, or 72 hours after mailing, if mailed to the party to whom notice is to be
given, by first class mail, registered or certified, postage prepaid, and
properly addressed to the party at his last known address, or any other address
that any party may designate by written notice to the others.

     (e) This Lease shall be construed in accordance with, and governed by,
the laws of the State of Wisconsin.

     (f) This Lease may be executed in one or more counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and
the same instrument.

     Dated this 31st day of January, 2000.

Nortech Systems, Inc.                             Augusta Industrial Development
                                                  Corporation

/s/ Quentin E. Finkelson                          BY /s/ Kent Dickenson
----------------------------                        ----------------------------
Quentin E. Finkelson                                Kent Dickenson
President                                            President
Nortech Systems, Inc.

                                  Page 11 of 11
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                                   AGREEMENT

         This is an agreement between the Augusta Industrial Development
Corporation, a Wisconsin non-stock, not-for-profit corporation, hereinafter
called IDC, and Nortech Systems, Inc., a Minnesota Corporation hereinafter
called Nortech.

         Whereas Nortech owns a building in the City of Augusta (hereinafter
"Parcel A") which it is now outgrowing; and

         Whereas IDC owns land on which it has constructed a building
(hereinafter "Parcel B") which Nortech desires to purchase; and

         Whereas the parties wish to enter into an agreement which provides for
the conveyance of Parcel A from Nortech to IDC, the lease of Parcel B from IDC
to Nortech, the payment by Nortech to IDC of an amount which will make up the
difference between the value of Nortech's equity in Parcel A and the value of
the leasehold interest Nortech will acquire in Parcel B, and to provide for
assistance with respect to leasehold improvements,

         NOW THEREFORE it is agreed as followed:

         1. On or before the 14th day of February, 2000, Nortech will convey the
following described real estate, "Parcel A," to IDC by Warranty Deed. The
property will be free and clear of all liens and encumbrances except the first
mortgage to the City of Augusta in the amount of $45,994.61 which IDC will
assume and agree to pay. A photocopy of said deed is attached hereto, marked
exhibit "A." All other liens shall be paid by Nortech at the time of closing
except real estate taxes for the year 2000, which shall be paid when due. Parcel
A, the real estate to be conveyed, is described as follows:

               The following described real estate in Eau Claire County, State
               of Wisconsin:

                    A parcel of land located in the Northeast Quarter of the
               Northwest Quarter of Section 5, Township 25 North, Range 6 West,
               City of Augusta, Wisconsin, being more particularly described as
               follows: Commencing at the Northeast Corner of the Northwest
               Quarter of said Section 5; Thence S 0 DEG 01' 06" E. 33.01 feet:
               Thence S 88 DEG 19' 03" W. 264.00 feet; Thence S 0 DEG 01' 06" E,
               280.12 feet; Thence S 88 DEG 19' 03" W, 50.02 feet to the Point
               of beginning; Thence N 0 DEG 01' 06" W 250.11 feet; Thence S 88
               DEG 19' 03' W, 238.76 feet; Thence S 0 DEG 50' 59" E, 250.03
               feet; Thence N 88 DEG 19' 03" E 235.13 feet to the Point of
               Beginning.

         2. IDC will lease to Nortech the following described property, "Parcel
B, the building located thereon, and leasehold improvements therein, by a lease,
containing an option to purchase, a copy of which lease is attached hereto
marked " Exhibit B." The property is described as:

                                  Page 1
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               Real estate in Eau Claire County, State of Wisconsin described
               as follows:

               Lot 1 of Eau Claire County certified survey map number 1358
               filed March 14, 1997, in volume 7 of Certified Survey Maps, pages
               137-139 in the office of the Register of Deeds for Eau Claire
               County Wisconsin.

        3.  The value of Nortech's equity in Parcel A is established by
agreement at $57,700.00. That, plus an additional $95,000.00 to be paid in
cash by Nortech to IDC upon execution of this agreement, shall constitute the
consideration for IDC entering into the lease with option to purchase
described in Paragraph 2.

        4.  Between January 1, 2000 and the date Nortech actually takes
occupancy of the leased premises, which date shall be within 30 Days of
completion of the building, Nortech shall pay the IDC a calendar month rental of
$800.00 Per month commencing with the month of March, 2000. Said lease shall be
for a term of three months, terminating March 31, 2000. Unless either party has
notified the other by March 1, 2000, that conversion shall not occur, said lease
shall thereafter convert to a month-to-month tenancy. The terms of said lease
shall be those contained in Chapter 704, Wisconsin Statutes which are applicable
to a commercial building and none of those terms intended to regulate a
residential tenancy.

        5.  Nortech reaffirms it debt of $7,503.16 due and payable to IDC on
August 23, 2000, which represents the remaining balance due on a loan for the
purchase of equipment.

        6.  If the total value of leasehold improvements constructed at
Nortech's request exceeds $200,000.00, Nortech shall pay the excess to IDC upon
demand.

        Dated this__________ day of January, 2000

Nortech Systems, Inc.                            Augusta Industrial Development
                                                Corporation

/s/ Quentin E. Finkelson                        By /s/ Kent Dickenson
--------------------------                        -----------------------------
Quentin E. Finkelson                               Kent Dickenson
President                                          President
Nortech Systems, Inc.

                                  Page 2<PAGE>
                                                                 EXHIBIT 10.11
                              EMPLOYMENT AGREEMENT

            AGREEMENT made this 23rd day of October, 2000, by and between
AGENCY.COM LTD., a Delaware corporation (the "Company"), and JAMES IMBRIACO
(the "Executive").

                              W I T N E S S E T H:

            WHEREAS, the Company wishes to employ the Executive and the
Executive wishes to accept such employment upon the terms and conditions
hereinafter set forth.

            NOW, THEREFORE, in consideration of the promises and other good and
valuable consideration, receipt of which is hereby acknowledged, the parties
hereto agree as follows:

      1. EMPLOYMENT

            The Company agrees to employ the Executive during the Term specified
in paragraph 2, and the Executive agrees to accept such employment, upon the
terms and conditions hereinafter set forth.

      2. TERM

            Subject to paragraphs 6 and 7 below and the other terms and
conditions of this Agreement, the Executive's employment by the Company shall be
for a term commencing on November 1, 2000 and expiring on the close of business
on November 1, 2003 (the "Initial Term"); provided, however, that the term of
the Executive's employment by the Company shall be automatically renewed for
successive three-year periods thereafter (each, an "Additional Term") unless and
until either party shall give to the other no more than 270 days and no less
than 6 months advance written notice of expiration of the term (a "Notice of
Non-Renewal ") (the Initial Term and any Additional Terms are collectively
referred to as the " Term"). The Company shall have the right at any time during
such notice period (the "Notice Period" ), to relieve the Executive of his
offices, duties and responsibilities and to place him on a paid leave-of-absence
status, provided that during such notice period the Executive shall remain a
full-time employee of the Company and shall continue to receive his salary
compensation and other benefits as provided in this Agreement. The effective
date of the termination of the Executive's employment with the Company,
regardless of the reason therefor (including without limitation death), is
referred to in this Agreement as the "Date of Termination."

      3. DUTIES AND RESPONSIBILITIES

            (a) During the Term, the Executive shall have the position of Vice
President, General Counsel. The Executive shall report to the Chief Financial
Officer of the Company (the "CFO"), at such times and in such detail as the CFO
shall require.

            (b) The Executive shall perform such executive and managerial duties
and responsibilities customary to his offices and as are necessary to the
operations of the Company and its subsidiaries and as may be assigned to him
from time to time by or under authority of the CFO or the Chief Executive
Officer of the Company ("CEO"), consistent with his position as designated in
paragraph 3(a) above.

            (c) The Executive (i) will use his best efforts to ensure that the
Company and its subsidiaries comply on a timely basis with all budgetary and
reporting requirements requested by the CEO and/or CFO and (ii) will not incur
obligations on behalf of the Company or any subsidiary other than in the
ordinary course of business or enter into any transaction on behalf of the
Company or any subsidiary not in the ordinary course of business without the
written approval of the CEO.

<PAGE>

            (d) The Executive's employment by the Company shall be full-time and
exclusive, and during the Term, the Executive agrees that he will (i) devote all
of his business time and attention, his best efforts, and all of his skill and
ability to promote the interests of the Company and its subsidiaries, (ii) carry
out his duties in a competent and professional manner, and (iii) work with other
employees of the Company and its subsidiaries in a competent and professional
manner. Notwithstanding the foregoing, the Executive shall be permitted to
engage in charitable and civic activities, and manage his personal passive
investments, provided that such passive investments are not in a company which
transacts business with the Company or one of its subsidiaries or engages in
business competitive with that conducted by the Company or one of its
subsidiaries (or, if such company does transact business with the Company or a
subsidiary or does engage in a competitive business, it is a publicly held
corporation of which the Executive owns less than 1/4 of 1% of its outstanding
shares); provided, that such activities (individually or collectively) do not
interfere with the performance of the Executive's duties and responsibilities
under this Agreement.

            (e) During the Term, the Executive's services hereunder shall be
performed at the offices of the Company in New York, New York, subject to
necessary travel requirements of his position and duties hereunder.

<PAGE>

      4. COMPENSATION

            (a) As compensation for his services hereunder and in consideration
of his non-solicitation/non-servicing and non-disclosure covenants as set forth
in paragraph 8 below, during the Term the Company shall pay the Executive in
accordance with its normal payroll practices an annualized base salary of
$215,000. The Executive's base salary may be increased (but not decreased) by or
under the authority of the CFO in accordance with the then salary review policy
of the Company and within the guidelines and budgetary procedures of the
Company.

            (b) In addition to the salary compensation set forth in clause (a),
during the Term the Executive shall be eligible to receive an annual
discretionary bonus up to $100,000. The discretionary bonus will be contingent
upon the Executive's performance, measured in part against the performance
objectives delineated by the CFO. If the Executive receives a discretionary
bonus in any given year, it will be payable on the anniversary of his start
date. Nonetheless, no bonus payments will be made unless the Executive is an
active employee in good standing with the Company.

            (c) Executive will receive 100,000 Company stock options. These
stock options will be granted with a strike price set at the value of the stock
at the market's close on the Executive's start date. The stock options will vest
over a three year period, with one-third vesting on each of the three
anniversaries of Executive's start date with the Company, unless the Company
experiences a change in control, in which case Executive's stock options will
fully vest upon that change of control. However, if Executive's employment
terminates prior to November 1, 2003, Executive will not be entitled to the
stock options which have not vested as of the Date of Termination. Executive
shall be eligible for additional stock options at the sole discretion of the CEO
throughout his career with the Company based upon Executive's performance.

            (d) The bonuses provided in this paragraph 2 for the Executive shall
be in lieu of participation by the Executive in any other Company-sponsored
bonus plan or program.

<PAGE>

      5. EXPENSES; FRINGE BENEFITS

            (a) The Company agrees to pay or to reimburse the Executive for all
reasonable, ordinary and necessary documented business or entertainment expenses
incurred during the Term in the performance of his services hereunder in
accordance with the policy of the Company as from time to time in effect. The
Executive, as a condition precedent to obtaining such payment or reimbursement,
shall provide to the Company any and all statements, bills or receipts
evidencing the travel or out-of-pocket expenses for which the Executive seeks
payment or reimbursement, and any other information or materials, as the Company
may from time to time reasonably require.

            (b) During the Term, the Executive and, to the extent eligible, his
dependents, shall be entitled to participate in and receive all benefits under
any welfare benefit plans and programs made available generally to the Company's
senior executives or to its employees (including without limitation, medical,
disability and life insurance programs, accidental death and dismemberment
protection and business travel insurance), subject, however, to the generally
applicable eligibility and other provisions of the various plans and programs in
effect from time to time.

            (c) During the Term, the Executive shall be eligible to participate
in all retirement plans and programs (including without limitation any profit
sharing/401(k) plan) and stock option and restricted stock plans made available
generally to the Company's senior executives or to its employees generally,
subject, however, to the generally applicable eligibility and other provisions
of the various plans and programs in effect from time to time. In addition,
during the Term, the Executive shall be entitled to receive fringe benefits and
perquisites in accordance with the plans, practices, programs and policies of
the Company from time to time in effect which are made available generally to
the Company's senior executives or to its employees generally.

            (d) The Executive shall be entitled to 4 weeks paid vacation
annually (on a non-cumulative basis, except as otherwise provided under standard
Company policy), to be taken at such time(s) as shall not, in the reasonable
judgment of the CEO and/or the CFO, materially interfere with the Executive's
fulfillment of his duties hereunder, and shall be entitled to as many holidays,
sick days and personal days as are in accordance with the Company's policy then
in effect generally for its employees.

<PAGE>

            6. TERMINATION

            (a) The Company, by direction of the CFO, shall be entitled to
terminate the Term and to discharge the Executive for "cause" effective upon the
giving of written notice. The term "cause" shall be limited to the following
grounds:

      (i) the Executive's failure or refusal to perform his duties and
responsibilities as set forth in paragraph 3 hereof other than by reason of his
disability (as defined in paragraph 7 below), or the failure of the Executive to
devote his attention exclusively to the business and affairs of the Company and
its subsidiaries in accordance with the terms hereof (other than by reason of
his disability), in each case if such failure or refusal is not cured within 30
days after written notice thereof to the Executive by the Company;

      (ii) the misappropriation of the funds or property of the Company or any
subsidiary or affiliate;

      (iii) use of alcohol or illegal drugs, interfering with the performance of
the Executive's obligations under this Agreement, continuing after written
warning;

      (iv) conviction in a court of law of, or entering a plea of guilty or no
contest to, any felony or any crime involving moral turpitude, dishonesty or
theft;

      (v) nonconformance with the Company's standard business practices and
policies;

      (vi) the commission in bad faith by the Executive of any act which injures
or could reasonably be expected to injure the reputation, business or business
relationships of the Company or any subsidiary; and

      (vii) any breach (not covered by any of the clauses (i) through (vi)
above) of any term, provision or condition of this Agreement, if such breach is
not cured (if curable) within 30 days after written notice thereof to the
Executive by the Company.

Any notice required to be given by the Company pursuant to clause (i) or (vii)
above shall specify the specific nature of the claimed breach and the manner in
which the Company requires such breach to be cured (if curable).

            (b) Provided that the Executive is not then otherwise in breach of
this Agreement, the Executive shall be entitled to terminate this Agreement and
the Term hereunder for "Good Reason" at any time during the Term by written
notice to the Company. "Good Reason" shall be limited to a breach by the Company
of a material term of this Agreement, which breach remains uncured for a period
of 30 days after written notice of such breach from the Executive to the Company
(such notice to specify the specific nature of the claimed breach and the manner
in which the Executive requires such breach to be cured).

            (c) In the event of the termination of the employment of the
Executive with the Company as a result of a termination pursuant to a Notice of
Non-Renewal under paragraph 2 above, a voluntary resignation by the Executive,
termination by the Company for "cause", or as a result of termination due to
death or disability, the Executive shall be entitled to the following payments
and benefits, subject to any appropriate offsets, as permitted by applicable
law, for debts or money due to the Company or a subsidiary or affiliate thereof
(collectively, "Offsets"):

      (i) unpaid salary compensation and any unused accrued vacation only
through, and any unpaid reimbursable expenses outstanding as of, the Date of
Termination;

      (ii) all benefits, if any, that had accrued to the Executive through the
Date of Termination under the plans and programs described in paragraphs 5(b)
and (c) above, or any other applicable plans

<PAGE>

and programs in which he participated as an employee of the Company, and all
amounts earned, accrued or owing to the Executive through the Date of
Termination under any incentive compensation plan or program in which he
participated as an employee of the Company, in the manner and in accordance with
the terms of such plans and programs; and

      (iii) the right to exercise any vested option shall be determined in
accordance with the terms of the plan under which such option was granted.

In the event of the termination of the Executive's employment as a result of a
termination pursuant to a Notice of Non-Renewal properly given under paragraph 2
above, a voluntary resignation by the Executive, termination by the Company for
"cause," death or disability, except as provided in this paragraph 6(c), OR
OTHERWISE PROVIDED BY LAW, the Company shall have no further liability to the
Executive or the Executive's heirs, beneficiaries or estate for damages,
compensation, benefits, severance, indemnities or other amounts of whatever
nature, directly or indirectly, arising out of or otherwise related to this
Agreement and the Executive's employment or cessation of employment with the
Company.

            (d) The Company shall have the right at any time during the Term to
terminate the employment of the Executive "without cause" by giving written
notice to the Executive indicating that the Company has terminated the Agreement
"without cause" under this paragraph 6(d) and setting forth the Date of
Termination. It is understood and agreed that a termination pursuant to a Notice
of Non-Renewal properly given pursuant to paragraph 2 shall not be deemed to be
a termination "without cause". In the event of a termination by the Company
"without cause" or a termination by the Executive for "Good Reason," the
Executive shall be entitled to continue to receive from the Company, subject to
any Offsets, the following:

      (i) as severance compensation, his then applicable base salary for NINE
months following the Date of Termination;

      (ii) any unpaid reimbursable expenses outstanding, and any unused accrued
vacation, as of the Date of Termination;

      (iii) all benefits, if any, that had accrued to the Executive through the
Date of Termination under the plans and programs described in paragraphs 5(b)
and (c) above, or any other applicable benefit plans and programs in which he
participated as an employee of the Company, and all amounts earned, accrued or
owing to the Executive through the Date of Termination under any incentive
compensation plan in which he participated as an employee of the Company, in the
manner and in accordance with the terms of such plans and programs;

      (iv) continued participation on the same basis (including without
limitation, cost contributions) as the other senior executives of the Company in
all medical, dental, disability and life insurance coverage (such benefits
collectively called the "Continued Plans") in which he was participating on the
Date of Termination (as such Continued Plans are from time to time in effect at
the Company) until the earlier of (x) the end of the period that he receives
severance compensation payments under clause (i) of this paragraph 6(d) or (y)
the date, or dates, he is entitled to receive coverage and benefits under the
same type of plan of a subsequent employer; provided, however, if the Executive
is precluded from continuing his participation in any Continued Plan, the
after-tax economic equivalent of the benefits provided under the Continued Plan
in which he is unable to participate, for the period specified above, it being
understood that the economic equivalent of a benefit foregone shall be deemed
the lowest cost that would be incurred by the Executive in obtaining such
benefit himself on an individual basis, and payment of such after-tax economic
benefit shall be made quarterly in advance; and

      (v) the right to exercise any vested option shall be determined in
accordance with the terms of the plan under which such option was granted;
provided, however, that the vesting of those options theretofore granted to the
Executive and which would have vested during the twelve month period

<PAGE>

following the Date of Termination as set forth in Section 6(d), shall be
accelerated to precede the Date of Termination.

In connection with a termination by theCompany "without cause" or by the
Executive for "Good Reason", except as provided in this paragraph 6(d), the
Company shall have no further liability to the Executive or the Executive's
heirs, beneficiaries or estate for damages, compensation, benefits, severance,
indemnities or other amounts of whatever nature, directly or indirectly, arising
out of or otherwise related to this Agreement and the Executive's employment or
cessation of employment with the Company.

      The making of any severance payments and providing the other benefits as
provided in this paragraph 6(d) is conditioned upon the Executive signing a
general release of the Company and its subsidiaries and affiliates, and its and
their respective successors and assigns, officers directors, employees, agents,
attorneys and representatives, of any claims (including claims of
discrimination) relating to the Executive's employment with the Company or the
termination thereof; except such release shall preserve the Executive's rights
with respect to the payments and benefits to be received pursuant to this
paragraph 6(d) and the Executive's rights of indemnification under the Company's
organizational documents and any separate director or officer indemnification
agreement with the Company to which he may be a party. If the Executive breaches
any provisions of such release or the provisions of paragraph 8 of this
Agreement, in addition to any other remedies at law or in equity available to
it, the Company may cease making any further severance payments and providing
the other benefits provided for in this paragraph 6(d), without affecting its
rights under this Agreement or the release .

      7. DISABILITY; DEATH

            In the event the Executive shall be unable to perform his duties
hereunder by virtue of illness or physical or mental incapacity or disability
(from any cause or causes whatsoever) in the manner and to the extent required
hereunder prior to the commencement of such disability (all such causes being
herein referred to as "disability") and the Executive shall fail to perform such
duties for periods aggregating 270 days, whether or not continuous, in any
continuous period of 360 days, the Company shall have the right to terminate the
Executive's employment hereunder as at the end of any calendar month during the
continuance of such disability upon at least 30 days' prior written notice to
him. In the event of the Executive's death, the Date of Termination shall be the
date of such death.

<PAGE>

8.    NON-SOLICITATION/NON-SERVICING AGREEMENT
      AND PROTECTION OF CONFIDENTIAL INFORMATION

            (a) The Executive acknowledges (i) the highly competitive nature of
the Company's business and the industry in which the Company competes; (ii) that
as a key executive of the Company he has participated in and will continue to
participate in the servicing of current clients of the Company and/or the
solicitation of prospective clients of the Company, through which, among other
things, the Executive has obtained and will continue to obtain knowledge of the
"know-how" and business practices of the Company, in which matters the Company
has a substantial proprietary interest; (iii) that his employment hereunder
requires the performance of services which are special, unique, extraordinary
and intellectual in character, and his position with the Company placed and
places him in a position of confidence and trust with the clients and employees
of the Company; and (iv) that his rendering of services to the clients of the
Company necessarily requires the disclosure to the Executive of confidential
information (as defined in paragraph 8(b) below) of the Company. In the course
of the Executive's employment with the Company, the Executive has and will
continue to develop a personal relationship with the clients of the Company and
a knowledge of those clients' affairs and requirements, and that the
relationship of the Company with its established clientele has been and will
continue to be placed in the Executive's hands in confidence and trust. The
Executive consequently agrees that it is reasonable and necessary for the
protection of the confidential information, goodwill and business of the Company
that the Executive make the covenants contained herein and that the Company
would not have entered into this Agreement unless the covenants set forth in
this paragraph 8 were contained in this Agreement. Accordingly, the Executive
agrees that during the period that he is employed by the Company and thereafter
through the later of November 1, 2003 or two years after the Date of
Termination, he shall not, as an individual, consultant, partner, shareholder,
employee or in any other capacity whatsoever, or in association with any other
person, business or enterprise, except on behalf of the Company, directly or
indirectly, and regardless of the reason for his ceasing to be employed by the
Company:

      (i) attempt in any manner to solicit or accept from any client business of
the type performed by the Company or to persuade any client to cease to do
business or to reduce the amount of business which any such client has
customarily done or is reasonably expected to do with the Company, whether or
not the relationship between the Company and such client was originally
established in whole or in part through his efforts; or

      (ii) employ as an employee or retain as a consultant any person who is
then or at any time during the preceding twelve months was an employee of or
exclusive consultant to the Company, or persuade or attempt to persuade any
employee of or exclusive consultant to the Company to leave the employ of the
Company or to become employed as an employee or retained as a consultant by
anyone other than the Company or,

      (iii) render to or for any client any services of the type rendered by the
Company.

As used in this paragraph 8, the term "Company" shall mean the Company and each
of its subsidiaries and affiliates and the term "client" shall mean (1) anyone
who is a client of the Company on the Date of Termination or, if the Executive's
employment shall not have terminated, at the time of the alleged prohibited
conduct (any such applicable date being called the "Determination Date"); (2)
anyone who is a client of the Company at any time during the one year period
immediately preceding the Determination Date; (3) any prospective client to whom
the Company had made a new business presentation (or similar offering of
services) at any time during the one year period immediately preceding the
Determination Date, and (4) any prospective client to whom the Company made a
new business presentation (or similar offering of services) at any time within
six months after the Date of Termination. For purposes of this clause, it is
agreed that a "new business presentation or similar offering of services" or a
"discussion" does not include general mailings, telephone solicitations,
unsolicited credentials presentations not responding to requests for proposals
or incidental contacts. In addition, if the client is part of a group of
companies which conducts business through more than one entity, division or
operating unit, whether or not separately incorporated (a "Client Group"), the
term "client" as used herein shall include each entity, division and operating
unit of the Client Group where the same management group of the Client Group

<PAGE>

has the decision making authority with respect to contracting for services of
the type rendered by the Company, but shall not include any part of the Client
Group where the management group is not the same management group that has the
decision making authority or significant influence with respect to contracting
for services of the type rendered by the Company.

            (b) In the course of the Executive's employment with the Company he
will acquire and have access to confidential or proprietary information about
the Company and/or its clients, including but not limited to, trade secrets,
methods, models, passwords, access to computer files, financial information and
records, computer software programs, agreements and/or contracts between the
Company and its clients, client contacts, the marketing and/or creative policies
and ideas, advertising campaigns, media plans and budgets, practices, concepts,
strategies, and methods of operations, financial or business projections of the
Company, and information about or received from clients and other companies with
which the Company does business. The foregoing shall be collectively referred to
as "confidential information." The Executive is aware that the confidential
information is not readily available to the public and accordingly, the
Executive also agrees that he will not at any time (whether during the Term or
after termination of this Agreement), disclose to anyone any confidential
information, or utilize such confidential information for his own benefit, or
for the benefit of third parties. The Executive agrees that the foregoing
restrictions shall apply whether or not any such information is marked
"confidential." The term "confidential information" does not include information
which (i) becomes generally available to the public other than by breach of this
provision or (ii) the Executive learns from a third party who is not under an
obligation of confidence to the Company or a client of the Company or (iii) the
Executive's personnel files or personal materials. In the event that the
Executive becomes legally required to disclose any confidential information, he
will provide the Company with prompt notice thereof so that the Company may seek
a protective order or other appropriate remedy and/or waive compliance with the
provisions of this paragraph 8(b) to permit a particular disclosure. In the
event that such protective order or other remedy is not obtained, or that the
Company waives compliance with the provisions of this paragraph 8(b) to permit a
particular disclosure, the Executive will furnish only that portion of the
confidential information which he is legally required to disclose and, at the
Company's expense, will cooperate with the efforts of the Company to obtain a
protective order or other reliable assurance that confidential treatment will be
accorded the confidential information. The Executive further agrees that all
memoranda, disks, files, notes, records or other documents, whether in
electronic form or hard copy (collectively, the "material") compiled by him or
made available to him during his employment with the Company (whether or not the
material contains confidential information) shall be the property of the Company
and shall be delivered to the Company on the termination of the Executive's
employment with the Company or at any other time upon request. Except in
connection with the Executive's employment with the Company, the Executive
agrees that he will not make or retain copies or excerpts of the material.

            (c) If the Executive commits a breach or is about to commit a
breach, of any of the provisions of paragraphs 8(a) or (b) above, the Company
shall have the right to SEEK TO have the provisions of this Agreement
specifically enforced by any court having equity jurisdiction without being
required to post bond or other security and without having to prove the
inadequacy of the available remedies at law, it being acknowledged and agreed
that any such breach or threatened breach will cause irreparable injury to the
Company and that money damages will not provide an adequate remedy to the
Company. In addition, the Company may take all such other actions and remedies
available to it under law or in equity and shall be entitled to such damages as
it can show they have sustained by reason of such breach. IN ANY ACTION BROUGHT
BY THE COMPANY AGAINST EXECUTIVE UNDER THIS PARAGRAPH 8, EACH PARTY SHALL BE
RESPONSIBLE FOR AND SHALL BEAR ITS OWN LEGAL FEES AND OTHER EXPENSES.

            (d) The parties acknowledge that (i) the type and periods of
restriction imposed in the provisions of paragraphs 8(a) and (b) above are fair
and reasonable and are reasonably required in order to protect and maintain the
proprietary interests of the Company described above, other legitimate business
interests of the Company and the goodwill associated with the business of the
Company, (ii) that the business of the Company currently extends throughout the
United States and other areas of the world, and that the Executive will engage
in such business pursuant to the terms of this Agreement throughout the United
States and other areas of the world, and (iii) that the time, scope, geographic
area

<PAGE>

and other provisions of this paragraph 8 have been specifically negotiated by
sophisticated commercial parties. It is further understood and agreed that the
clients of the Company may be serviced from any location and accordingly it is
reasonable that the covenants set forth herein are not limited by narrow
geographic area but instead by the location of such clients and potential
clients. The Executive specifically acknowledges that his being restricted from
soliciting clients and servicing clients and prospective clients as contemplated
by AND DEFINED in this Agreement will not prevent him from being employed or
earning a livelihood in the type of business conducted by the Company. If any of
the covenants contained in paragraphs 8(a) or (b), or any part thereof, is held
to be unenforceable by reason of its extending for too great a period of time or
over too great a geographic area or by reason of its being too extensive in any
other respect, the parties agree (x) such covenant shall be interpreted to
extend only over the maximum period of time for which it may be enforceable
and/or over the maximum geographic areas as to which it may be enforceable
and/or to the maximum extent in all other respects as to which it may be
enforceable, all as determined by the court making such determination and (y) in
its reduced form, such covenant shall then be enforceable, but such reduced form
of agreement shall only apply with respect to the operation of this paragraph 8
in the particular jurisdiction in which such adjudication is made.

      9. INTELLECTUAL PROPERTY

      During the Term, the Executive will disclose to the Company all ideas,
inventions and business plans developed by him during such period which relate
directly or indirectly to the business of the Company and its subsidiaries,
including without limitation, any design, logo, slogan, advertising campaign or
any process, operation, product or improvement which may be patentable or
copyrightable. The Executive agrees that all patents, licenses, copyrights,
tradenames, trademarks, service marks, planning, marketing and/or creative
policies, advertising campaigns, media campaigns, and budgets, practices,
concepts, strategies, and methods of operations, financial or business
projections, designs, logos, slogans and business plans developed or created by
the Executive in the course of his employment hereunder, either individually or
in collaboration with others, will be deemed works for hire and the sole and
absolute property of the Company. The Executive agrees, that at the Company's
request and expense, he will take all steps necessary to secure the rights
thereto to the Company by patent, copyright or otherwise.

<PAGE>

      10. ENFORCEABILITY

            The failure of any party at any time to require performance by
another party of any provision hereunder shall in no way affect the right of
that party thereafter to enforce the same, nor shall it affect any other party's
right to enforce the same, or to enforce any of the other provisions in this
Agreement; nor shall the waiver by any party of the breach of any provision
hereof be taken or held to be a waiver of any subsequent breach of such
provision or as a waiver of the provision itself.

      11. ASSIGNMENT

            This Agreement is a personal contract and the Executive's rights and
obligations hereunder may not be sold, transferred, assigned, pledged or
hypothecated by the Executive. The rights and obligations of the Company
hereunder shall be binding upon and run in favor of the successors and assigns
of the Company.

      12. MODIFICATION

            This Agreement may not be orally canceled, changed, modified or
amended, and no cancellation, change, modification or amendment shall be
effective or binding, unless in writing and signed by the CEO and the Executive.

      13. SEVERABILITY; SURVIVAL

            In the event any provision or portion of this Agreement is
determined to be invalid or unenforceable for any reason, in whole or in part,
the remaining provisions of this Agreement shall nevertheless be binding upon
the parties with the same effect as though the invalid or unenforceable part had
been severed and deleted. The respective rights and obligations of the parties
hereunder shall survive the termination of the Executive's employment to the
extent necessary to the intended preservation of such rights and obligations.

      14. LIFE INSURANCE

            The Executive agrees that the Company shall have the right to obtain
life insurance on the Executive's life, at the sole expense of the Company, as
the case may be, and with the Company as the sole beneficiary thereof. The
Executive shall (a) cooperate fully in obtaining such life insurance, (b) sign
any necessary consents, applications and other related forms or documents and
(c) at the Company's expense, take any required medical examinations.

<PAGE>

      15. NOTICE

            Any notice, request, instruction or other document to be given
hereunder by any party hereto to another party shall be in writing and shall be
deemed effective (a) upon personal delivery, if delivered by hand, or (b) three
days after the date of deposit in the mails, postage prepaid if mailed by
certified or registered mail, or (c) on the next business day, if sent by
facsimile transmission (if electronically confirmed) or prepaid overnight
courier service, and in each case, addressed as follows:

            IF TO THE EXECUTIVE:

            James Imbriaco
            33 Willow Brook Lane
            Annandale, NJ 08801

            IF TO THE COMPANY:

            AGENCY.COM LTD.
            20 Exchange Place, 15th Floor
            New York, NY  10012
            Attention:  Chief Executive Officer
            Fax:  (212) 651-3959

      with a copy to:

            James A. Burstein, Esq.
            SEYFARTH SHAW
            55 East Monroe Street
            Suite 4200
            Chicago, IL 60603
            Fax:  (312) 269-8869

Any party may change the address to which notices are to be sent by giving
notice of such change of address to the other party in the manner herein
provided for giving notice.

<PAGE>

      16. APPLICABLE LAW

            This Agreement shall be governed by and construed in accordance with
the laws of the State of New York without application of conflict of law
provisions applicable therein.

      17. NO CONFLICT

            The Executive represents and warrants that he is not subject to any
agreement, instrument, order, judgment or decree of any kind, or any other
restrictive agreement of any character, which would prevent him from entering
into this Agreement or which would be breached by the Executive upon his
performance of his duties pursuant to this Agreement.

      18. ENTIRE AGREEMENT

            This Agreement represents the entire agreement between the Company
and the Executive with respect to the subject matter hereof, and all prior
agreements, plans and arrangements relating to the employment of the Executive
by the Company are nullified and superseded hereby.

      19. HEADINGS

            The headings contained in this Agreement are for reference purposes
only, and shall not affect the meaning or interpretation of this Agreement.

      20. MISCELLANEOUS

            (a) The Company may withhold from any amounts payable under this
Agreement such federal, state or local taxes as shall be required to be withheld
pursuant to any applicable law or regulation.

            (b) Following the date hereof and regardless of any dispute that may
arise in the future, the Executive will not disparage the Company; and the
Company will not disparage the Executive.

<PAGE>

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

AGENCY.COM LTD.

By:
      -----------------------------
      Charlie Dickson                                       Date
      Chief Financial Officer

EXECUTIVE

-----------------------------------
James Imbriaco                                              Date

                                                                             14

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