Document:

EMPLOYMENT AGREEMENT MICHAEL CRAVEN

                  THIS  AGREEMENT,  made this first day of July 1, 2000,  by and
between  REpipeline.com,   Inc.  a  Delaware  corporation   (hereinafter  called
"Employer") , and Michael Craven, an individual residing at 2604 Dane Ct. Plano,
Texas 75093 (hereinafter called "Executive").

BACKGROUND

     A. Executive has been Vice President of Business  Development  and Sales of
Employer prior to the execution of this Agreement.

     B.  REpipeline.com,   Inc.  is  a  wholly  owned  subsidiary  of  Photonics
Corporaiton which was a result of a merger with  REpipeline.com,  Inc. , a Texas
corporation, finalized as of November 28, 2000.

     C. Employer wishes to employ Executive and Executive wishes to continue his
employment by Employer on the terms and conditions contained in this Agreement.

          NOW,  THEREFORE,  in consideration  of the facts,  mutual promises and
covenants  contained  herein and intending to be legally bound hereby,  Employer
and Executive agree as follows:

          1.   EMPLOYMENT.   Employer hereby  agrees  to  employ  Executive  and
Executive  hereby  accepts  employment  by Employer  for the period and upon the
terms and conditions specified in this Agreement.

          2.   OFFICE AND DUTIES.

               (a)  Executive  shall  serve  Employer   generally  as  (i)  Vice
President of Employer and (ii) Vice President of Sales and Business Development.
Executive shall have the duties, authority and responsibilities  consistent with
the  duties,  authority  and  responsibilities  typically  performed  by persons
serving in such  capacities of  businesses of similar size. In such  capacities,
Executive shall report directly the Chief Executive Officer..

               (b) So long as  Executive  shall  remain an employee of Employer,
Executive  agrees to devote his best efforts and  substantially  all his working
time,   energy  and  skill  to  the   performance   of  his  duties   hereunder.
Notwithstanding  the  foregoing,  Executive  may  engage in  charitable,  civic,
fraternal  and  professional  association  activities  and may  manage  personal
investments so long as they do not unreasonably  interfere with the carrying out
of his duties and responsibilities hereunder.

               (c) The  principal  place of  employment  of  Executive  shall be
Dallas, Texas.

               (d) It is  understood  however and agreed that  Executive  may be
required in connection with the performance of his duties to travel from time to
time.  When  required  to travel to and/or  spend time at such other  locations,
Executive's  reasonable  travel  expenses shall be reimbursed by Employer,  upon
submittal of vouchers in accordance with the general  reimbursement  policies of
Employer,  or at Executive's request, he shall be entitled to receive reasonable
advances of such travel expenses.

          3. TERM. The term of employment  ("Term of  Employment")  of Executive
pursuant to this  Agreement  shall be two (2) years,  commencing on the date the
Merger is effective (as determined pursuant to the Agreement and Plan of Merger.
Unless either party elects to terminate this Agreement at the end of the initial
or any renewal term by giving the other party written notice of such election at
least ninety (90) days before the  expiration of the then current term, the Term
of Employment shall be deemed to have been renewed for an additional term of one
(1) year commencing on the day after the expiration of the then current term.

<PAGE>

          4.   COMPENSATION.

               (a) For all of the service  rendered by  Executive  to  Employer,
Executive shall receive: (i) Base Compensation at the gross annual rate (without
regard to authorized or legally required deductions and withholdings) of $72,000
annual salary base.  Such annual salary shall remain in effect until the Company
has  completed a minimum of $2M in equity or debt funding  after the date of the
contract herein.  $144,000 annual salary base after the Company has achieved $2M
in equity funding after the date of the contract herein.

               (b) Craven  will be  entitled  to an annual  bonus of 40% of base
salary and the Chief  Executive  Officer and Craven will agree on the objectives
for the annual bonus.  The Craven bonus plan will be  consistent  with the bonus
plan for the compensation plan for Senior Executives for the Company and will be
competitive with the market for public companies.

                    Base  Compensation  will be reviewed at the first time after
               the  date  hereof  that  Employe  generally  reviews  its  senior
               executives  and  annually  thereafter,  and may be  increased  in
               connection with such review if and to the extent such an increase
               is  determined  to be  appropriate  by the Board of  Directors of
               Employer.  Executive's Base Compensation in any year shall not be
               less than the Base Compensation in the preceding year.

               (c) Executive  shall receive stock options.  "Stock  options" for
the purposes of this paragraph shall be defined broadly and shall include by way
of  example  stock  appreciation  rights,  restricted  stock  awards  and  other
incentive equity based compensation arrangements.

               (e) Payments to the  Executive  will be in cash and in the event,
the company can not make the cash payment  upon the demand,  the  Executive  and
Company will mutually agree on a form of compensation.

          5.   EQUITY

               (a) 650,000  Stock  options.  Such shares will be  rescinded  and
returned to the  Company's  treasury  should  Craven  resign  prior to 1 year of
service. (July 1, 2001)

               (b) 325,000 stock  options will be awarded to Craven  achieving a
subscriber base for the business services of 7, 000 by March 1, 2002.

               (c) 325,000 stock options will be awarded to Craven for achieving
a subscriber base of 1,000 for the ASP services by June 1, 2002.

               Craven's  options  exercise price will be $.01 and when exercised
               will  be  drawn  from  acquisition  and  financing  sub and not a
               dilution to all shareholders.

          6.   CHANGE IN OWNERSHIP OR RESIGNATION FOR GOOD CAUSE

               (a) Should the Company  have a change in ownership by virtue of a
merger or  acquisition,  whereby the net effect is a change in  Craven's  title,
responsibilities job location or pay structure of the position herein,  Craven's
would have the option to accept such change or elect to not accept such  changes
and resign from the Company and all stock options will be fully  vested.  If any
of the  conditions  in section  thirteen  (13) occur then  Craven  will have the
option to not accept such actions and all stock options will be fully vested.

<PAGE>

          7.   QUALIFIED STOCK OPTIONS

               (a) Craven shall be issued 325,000 stock options from the company
with a $.10 per option strike  price.  Such options shall vest at the rate of 33
and  third  percent  on an  annual  basis  for  three  years.  This plan will be
consistent  with the executive  stock option plan and part of a qualified  stock
option plan.  The Company shall cancel  options not vested upon  termination  or
resignation.  Under the terms  hereinabove,  immediately and Craven will have 60
days to exercise all vested stock options.  Options shall  automatically  expire
seven years from date they are vested.

          8.   FRINGE BENEFITS.

          As an  inducement  to Executive to enter into this  Agreement,  and in
consideration of Executive's covenants under this Agreement,  Executive shall be
entitled to the benefits set forth below during the Term of Employment.

               (a)  Executive  shall  have the  opportunity  to  participate  in
Employer's benefit plans on the same basis as other Senior Management, including
but not limited to:  automobile  allowance;  health  insurance;  life insurance;
accident insurance;  disability  insurance,  short term and long term; paid time
off  (including  vacation,  sick,  and  personal  time);  club and  professional
memberships;   legal,  tax,  or  accounting  services;  coverage  under  general
liability and director and officers  liability  insurance;  and profit  sharing,
401(k), pension, employee stock ownership, and other retirement plans.

               (b) Employer will reimburse Executive for all reasonable expenses
incurred by Executive in connection with the  performance of Executive's  duties
hereunder upon receipt of documentation  there for in accordance with Employer's
regular reimbursement procedures and practices in effect from time to time.

               (c)  Employer  shall  provide  Executive  with a fully  furnished
office, and the facilities of Employer shall be generally available to Executive
in  the  performance  of  Executive's  duties,  it  being  understood  that  all
equipment,  supplies,  secretarial staff and other office personnel  required in
the performance of Executive's duties shall be supplied by Employer.

          9.   DISABILITY. If Executive suffers a Disability (as defined below),
Employer may terminate this Agreement at any time thereafter by giving Executive
thirty  (30)  days  written  notice  of  termination.  "Disability"  shall  mean
Executive's inability for a period of one hundred eighty (180) consecutive days,
to perform the essential  duties of  Executive's  position,  with any reasonable
accommodation  required  by law,  due to a mental or physical  impairment  which
substantially limits one or more major life activities.

          10.  DEATH.  If Executive dies during the Term of Employment, the Term
of Employment and Executive's employment with Employer shall terminate as of the
date of death.

<PAGE>

          11.  DEATH AND DISABILITY PAYMENTS. In the event of the termination of
Executive's  employment  due to Executive's  death or  Disability,  Executive or
Executive's legal representatives, as the case may be, shall be entitled to:

               (a) in the case of death, unpaid Base Compensation earned through
Executive's date of death and continued Base Compensation at a rate in effect at
the time of death for a period  of twelve  (12)  months  following  the month in
which such  termination  of employment  due to death  occurs,  or in the case of
Disability,   unpaid  Base  Compensation  earned  through  Executive's  date  of
termination  plus the  disability  benefit  available  under  Employer's  normal
procedures and policies for its most senior executives;

               (b) any performance or special incentive bonus earned but not yet
paid;

               (c) pro  rata  bonus  or  other  bonus(es)  for the year in which
employment terminates due to death or Disability;

               (d) reimbursement for expenses incurred but not yet reimbursed by
Employer; and

               (e) any other  compensation  and  benefits to which  Executive or
Executive's  legal  representatives  may be  entitled  under  applicable  plans,
programs  and  agreements  of Employer to the extent  permitted  under the terms
hereof.

          12.  TERMINATION FOR CAUSE.

               (a) Employer may terminate  Executive's  employment  relationship
with Employer at any time for Cause in the manner set forth below.

          "Cause"  shall mean:

                    (i)  Executive  is  imprisoned  for more  than  thirty  (30)
consecutive days for any crime or convicted of a felony or other crime involving
moral  turpitude or has entered a plea of nolo contendere (or similar plea) to a
charge of such an offense;

                    (ii)  Executive's  willful  misconduct in the performance of
his duties and  responsibilities  hereunder  or  Executive's  material  neglect,
refusal or failure to perform his employment duties and responsibilities on more
than one  occasion,  other than for  reasons of  sickness,  accident  or similar
causes beyond Executive's control; or

                    (iii)  Executive  willfully  violates  Section  13  of  this
Agreement.

               (b) If Employer  believes  that an event  constituting  Cause has
occurred,  Employer  must give  Executive  written  notice of its  intention  to
terminate  this  Agreement for Cause.  The preceding  sentence  notwithstanding,
Executive's  employment  shall not be deemed to have been  terminated  for Cause
unless (i)  Employer  has given or  delivered  to  Executive  reasonable  notice
setting  forth the reasons for  Employer's  intention to  terminate  Executive's
employment  for Cause;  (ii) if the written  notice is of an event  constituting
Cause as defined  herein and if and only if the event is capable of being cured,
Executive shall have thirty (30) days following actual receipt of such notice in
which to cure; (iii) Executive shall have been given a reasonable opportunity at
any time during the 30-day period after Executive's  receipt of such notice, for
Executive,  together with Executive's  counsel,  to be heard before the Board of
Directors of Employer; and (iv) if such a Board hearing occurs, a second written
notice from Employer  stating that, in the good faith opinion of not less than a
majority  of the entire  membership  of the Board,  Executive  was guilty of the
conduct giving rise to  termination  for Cause as defined  herein.  In the event
Executive's  employment is terminated by Employer for Cause,  Executive shall be
entitled to:

<PAGE>

                    (i) Unpaid Base Compensation earned at the rate in effect at
the  time  of  Executive's  termination  through  the  date  of  termination  of
Executive's employment;

                    (ii) any  performance or special  incentive  bonus earned to
the date of employment termination but not yet paid;

                    (iii)  reimbursement  for  expenses  incurred  but  not  yet
reimbursed by Employer; and

                    (iv) any other  compensation and benefits to which Executive
may be entitled  under  applicable  documents  relating to plans,  programs  and
agreements of Employer.

          13.  RESIGNATION  FOR GOOD REASON.  Executive may resign and terminate
his  employment  relationship  for Good Reason upon ten (10) days prior  written
notice by  Executive  to  Employer,  in which  event he shall be entitled to the
payments set forth in Section 14; provided,  however, that if Executive does not
send a notice to Employer invoking his rights under this section within one year
after the occurrence of the specific event  constituting Good Reason,  Executive
shall no longer be able to invoke his rights  under this section with respect to
such specific event. "Good Reason" shall mean any of the following:

               (a) Executive is removed by Employer from,  either or both of the
positions described in Section 2(a) other than for Cause;

               (b) there is a diminution  in  Executive's  authority,  duties or
responsibilities  normally  associated  with either of Executive's  positions or
there  are  assigned  to  Executive  duties  and   responsibilities   materially
inconsistent with those normally  associated with either of such positions other
than for Cause,  which is not cured within thirty (30) days after written notice
to Employer;  provided,  however,  that Executive  shall not be required to give
notice and provide  Employer an opportunity to cure pursuant to this  subsection
(b)  more  than  once in any  twelve  month  period  prior to  terminating  this
Agreement pursuant to this subsection (b);

               (c) the failure of the Board of Directors  to nominate  Executive
for  re-election as a director other than for Cause, or the removal of Executive
as a director other than for Cause;

               (d)  any  change  in the  reporting  relationships  described  in
Section 2, which is not cured within  thirty (30) days after  written  notice to
Employer; provided, however, that Executive shall not be required to give notice
and provide Employer an opportunity to cure pursuant to this subsection (d) more
than  once in any  twelve  month  period  prior to  terminating  this  Agreement
pursuant to this subsection (d);

               (e) any failure by Employer to comply with any of the  provisions
of this  Agreement  and/or  any breach by  Employer  of any of the terms of this
Agreement  which is not cured within  thirty (30) days after  written  notice to
Employer; provided, however, that Executive shall not be required to give notice
and provide Employer an opportunity to cure pursuant to this subsection (e) more
than  once in any  twelve  month  period  prior to  terminating  this  Agreement
pursuant to this subsection (e);

               (f)  any  purported   termination   by  Employer  of  Executive's
employment otherwise than as expressly permitted by this Agreement;

               (g) any action taken by Employer, including without limitation, a
restructuring,  which reduces  materially  the assets,  net worth,  cash flow or
earnings of Executive's business unit;

<PAGE>

               (h)  Executive's  benefits  under any  material  benefit  plan or
program of Employer or  Executive's  incentive or equity  opportunity  under any
material  incentive or equity program of Employer is or are reduced other than a
reduction  caused by changes that are applicable to all other senior  executives
in a similar manner;

               (i) the  assignment  of  Executive  to office  space which is not
commensurate with his position and title, the failure of Employer to provide the
ministerial,  administrative and secretarial support customarily associated with
the title and position or the  withdrawal  by Employer of any such  ministerial,
administrative and secretarial support.

          14.  TERMINATION  PAYMENTS.  In the event  Executive's  employment  is
terminated by Employer without Cause, or in the event Executive resigns for Good
Reason,  Executive  shall receive his Base  Compensation  for the greater of the
remaining  term of this  Agreement  or six (6) months (such length of time being
the "Payment Term") in a lump sum (minus  applicable  withholding  taxes) within
five (5) days after the date  Executive's  employment  terminates.  In addition,
Employer  shall pay (a) the premiums in connection  with  Executive's  continued
participation in Employer's group health plan pursuant to COBRA or otherwise for
the length of the Payment Term; and (b)  reimbursement for expenses incurred but
not yet reimbursed by Employer.

          15.  EMPLOYER PROPERTY.  All advertising,  sales,  manufacturers'  and
other materials or articles or information,  including  without  limitation data
processing  reports,  computer  programs,  software,  customer  information  and
records,  business records,  price lists or information,  samples,  or any other
materials or data of any kind furnished to Executive by Employer or developed by
Executive on behalf of Employer or at Employer's direction or for Employer's use
or otherwise in connection with Executive's employment hereunder,  are and shall
remain the sole property of Employer,  including in each case all copies thereof
in any medium,  including computer tapes and other forms of information storage.
If Employer  requests  the return of such  materials at any time at or after the
termination of Executive's employment, Executive shall deliver all copies of the
same to Employer immediately.

          16.  CONFIDENTIALITY, NON-COMPETITION AND NON-SOLICITATION.

               (a) Except with the prior  written  consent of  Employer,  during
Executive's  active  employment  with  Employer and for a period of one (1) year
after the termination of Executive's  employment with Employer,  but in no event
less than  five (5)  years  after the date  hereof  (the  "Restricted  Period"),
Executive  agrees  that he shall not  disclose  or make  available,  directly or
indirectly,   to  others  or  use  for  his  or  others'  benefit   confidential
information,  whether or not reduced to written or other recorded from,  related
to Employer and its subsidiaries,  including the names of customers, the contact
persons at customers,  pricing,  the software  programs utilized by Employer and
its  subsidiaries  in the  operation of its  business and all other  information
material to the  operation,  management,  marketing or financing of Employer and
its  subsidiaries  which is not known or  generally  available  to the public or
competitors in the records management or records storage industries.

               The  confidentiality  obligations of this Section shall not apply
to information:

                    (i)  which  is  required  to be  disclosed  by  judicial  or
administrative process or order, or by other requirements of law;

                    (ii) which is or becomes  generally  available to the public
other than as a result of a breach of this Section 13;

<PAGE>

                    (iii) which is received from a third party who obtained such
information other than under an obligation of confidentiality; or

                    (iv)  which the  Employer  discloses  on a  non-confidential
basis or otherwise makes available to the general public or the trade.

               (b) Executive agrees that during the Restricted  Period, he shall
not directly or indirectly  own,  manage,  engage in,  participate  in,  provide
advice to, be employed  by, have a financial  interest in, or solicit or attempt
to obtain  business from any customer of Employer or any of its  subsidiaries on
behalf of, any enterprise which provides  records  management or records storage
and related services to business facilities (including,  without limitation, the
management,  handling,  storage,  filing,  processing  and  retrieval of medical
records  used  by   hospitals,   private   practitioners,   and  other   medical
institutions)  located  in the  geographic  areas  in which  Executive  oversees
operations at the time of the  termination  of his employment  (the  "Restricted
Area"). Section 13(b) shall not prohibit Executive from owning equity securities
of Employer or  acquiring  up to five  percent  (5%) of any class of  securities
registered  pursuant to the Securities  Exchange Act of 1934, as amended, of any
corporation  which may engage in the  records  management  storage  services  in
direct competition with the business of Employer and its subsidiaries within the
Restricted Area.

               (c) Executive agrees that during the Restricted Period, Executive
shall not on his own behalf or on behalf of any other  person  under his control
or on behalf of others, directly or indirectly solicit for employment (including
as an independent contractor),  or endeavor to entice away, any of the officers,
employees  or  independent  contractors  of Employer  and its  subsidiaries  who
perform services for Employer and its subsidiaries.  For the avoidance of doubt,
Employer  acknowledges that this Section 13(c) shall not prohibit Executive from
employing,  on his own behalf or on behalf of any other person under his control
or on behalf of others, a former officer,  employee or independent contractor of
Employer and its  subsidiaries  who has ceased to perform  services for Employer
and its  subsidiaries  without  enticement by Executive and who seeks employment
(including as an independent  contractor) by Executive  without  solicitation by
Executive.

               (d) Executive  acknowledges  that he has  carefully  read all the
terms herein stated and agrees that the same are  necessary  for the  reasonable
and  proper  protection  of  Employer;  and that  each  and  every  covenant  is
reasonable  with respect to such matter,  length of time,  and the  geographical
area described; and that irrespective of all other conditions, the covenants and
restrictions  hereinabove provided shall be operative during the full period and
throughout the  geographical  area  described.  In the event any court finds any
such  restraint or limitation to be  unreasonable,  then it is the intent of the
parties that such court should  determine  the maximum  restraint or  limitation
which is reasonable and enforcement will be of that restraint or limitation.

               (a) Executive  acknowledges that confidential  information in his
possession  related to the Employer and its subsidiaries  has particular  value,
the loss of  confidentiality  of which by communication to unauthorized  persons
cannot be reasonably or adequately  compensated for by damages alone.  Moreover,
Executive  agrees that any breach of paragraphs  (a) (b) and (c) of this Section
13 would give rise to damages which would be difficult to calculate.  Therefore,
the parties  hereby  agree that in the event of a breach of any of the terms and
conditions  of this  Section 13, the  Employer  shall be  entitled to  equitable
relief by way of an  injunction.  This  Section 13 shall not be  construed  as a
limitation upon the Employer's remedies for such breach.

               (b) The  restrictions  contained  in this  Section  13  shall  be
broadly  construed  by any court having  jurisdiction  of the matter in order to
protect the Employer to the maximum degree possible.

<PAGE>

          17.  INDEMNIFICATION.

               (a) Employer  shall  indemnify  Executive  to the fullest  extent
permitted by Texas law in effect on the date hereof against all costs, expenses,
liabilities  and  losses  (including,   without  limitation,   attorneys'  fees,
judgments,  fines, penalties,  ERISA excise taxes, penalties and amounts paid in
settlement)  reasonably  incurred by Executive in connection  with a Proceeding.
For the purposes of this Section 14, a "Proceeding" shall mean any action,  suit
or proceeding,  whether civil,  criminal,  administrative or  investigative,  in
which  Executive is made,  or is threatened to be made, a party to, or a witness
in, such action,  suit or  proceeding by reason of the fact that he is or was an
officer,  director  or  employee of Employer or is or was serving as an officer,
director,  member, employee, trustee or agent of any other entity at the request
of Employer.

               (b) Employer shall advance to Executive all reasonable  costs and
expenses  incurred in connection with a Proceeding  within 20 days after receipt
by Employer of a written request for such advance. Such request shall include an
itemized list of the costs and expenses and an undertaking by Executive to repay
the amount of such advance if ultimately  it shall be determined  that he is not
entitled to be indemnified against such costs and expenses.

               (c) If  Executive  in  fact  meets  the  applicable  standard  of
conduct,  he  shall be  entitled  to  indemnification  whether  or not  Employer
(whether by the Board,  the  shareholders,  independent  legal  counsel or other
party)  determines  that  indemnification  is  proper  because  he has met  such
applicable  standard  of  conduct.  Neither the failure of Employer to have made
such a  determination  prior to the  commencement  by  Executive  of any suit or
arbitration proceeding seeking indemnification,  nor a determination by Employer
that Executive has not met such applicable  standard of conduct,  shall create a
presumption that Executive has not met the applicable standard of conduct.

               (d)  Employer  shall not  settle any  Proceeding  or claim in any
manner  which  would  impose on  Executive  any  penalty or  limitation  without
Executive's prior written consent.  Neither Employer nor Executive will withhold
consent to any proposed settlement unreasonably.

               (e) Employer  shall  maintain a policy of directors  and officers
liability insurance in a reasonable amount of coverage.

          18.  NO MITIGATION:  NO  OFFSET.  In the event of any  termination  of
Executive's  employment  under  this  Agreement,  Executive  shall  be  under no
obligation  to seek  other  employment,  and there  shall be no  offset  against
amounts due under this Agreement on account of any remuneration  attributable to
any subsequent employment that Executive may obtain.

          19.  NATURE  OF  PAYMENTS.  Any  amounts   due  Executive  under  this
Agreement  in the  event  of any  termination  of  Executive's  employment  with
Employer are in the nature of severance  payments,  or liquidated  damages which
contemplate both direct damages and  consequential  damages that may be suffered
as a result of the termination of Executive's  employment,  or both, and are not
in the nature of a penalty.

          20.  MISCELLANEOUS.

               (a)  INDULGENCES.  ETC.  Neither the failure nor any delay on the
part of either party to exercise  any right,  remedy,  power or privilege  under
this  Agreement  shall  operate  as a waiver  thereof,  nor shall any  single or
partial exercise of any right,  remedy, power or privilege preclude any other or
further exercise of the same or of any other right,  remedy, power or privilege,
nor shall any waiver of any right,  remedy,  power or privilege  with respect to
any  occurrence  be  construed  as a  waiver  of such  right,  remedy,  power or
privilege  with  respect to any other  occurrence.  No waiver shall be effective
unless it is in writing and is signed by the party asserted to have granted such
waiver.

<PAGE>

               (b) CONTROLLING LAW. This Agreement and all questions relating to
its validity,  interpretation,  performance and enforcement (including,  without
limitation,  provisions concerning limitations of actions), shall be governed by
and construed in accordance with the laws of the State of Texas, notwithstanding
any conflict-of-laws doctrines of such jurisdiction to the contrary, and without
the aid of any canon, custom or rule of law requiring  construction  against the
draftsman.

               (c)   NOTICES.   All   notices,   requests,   demands  and  other
communications  required or permitted  under this Agreement  shall be in writing
and shall be deemed to have been duly given,  made and received  when  delivered
(personally,  by recognized national courier service, or by other messenger, for
delivery to the intended  addressee)  or upon actual  receipt of  registered  or
certified mail,  postage  prepaid,  return receipt  requested,  addressed as set
forth below:

                    (i)  If to Executive:

                         2604 Dane Ct.
                         Plano, Texas 75093
                         Attention: Mike Craven

                    (ii) If to Employer:

                         12377 Merit Drive Suite 400
                         Dallas, Texas 75251
                         Attention: Tom Bailey

     Any party may alter the address to which communications or copies are to be
sent by  giving  notice  of such  change  of  address  in  conformity  with  the
provisions of this Section for the giving of notice.

               (d) BINDING NATURE OF AGREEMENT.  This Agreement shall be binding
upon and shall inure to the benefit of Employer,  its permitted  successors  and
permitted  assigns and shall be binding  upon  Executive  and shall inure to the
benefit of Executive and his estate and personal representatives. This Agreement
may not be assigned by either party  (including by operation of law) without the
prior written consent of the other party.

               (e) EXECUTION IN COUNTERPARTS.  This Agreement may be executed in
any number of  counterparts,  each of which shall be deemed to be an original as
against  any party  whose  signature  appears  thereon,  and all of which  shall
together  constitute one and the same  instrument.  This Agreement  shall become
binding when one or more  counterparts  hereof,  individually or taken together,
shall  bear  the  signatures  of all  of the  parties  reflected  hereon  as the
signatories.  Any  photographic  copy of this  Agreement,  with  all  signatures
reproduced on one or more sets of signature  pages,  shall be considered for all
purposes as if it were an executed counterpart of this Agreement.

               (f)  ENTIRE  AGREEMENT.   This  Agreement   contains  the  entire
understanding  among the  parties  hereto  with  respect to the  subject  matter
hereof,   and   supersedes   all  prior  and   contemporaneous   agreements  and
understandings,  inducements or conditions, express or implied, oral or written,
except as herein  contained.  The express terms hereof control and supersede any
course of  performance  and/or usage of the trade  inconsistent  with any of the
terms  hereof.  This  Agreement  may not be modified or amended other than by an
agreement in writing.

<PAGE>

               (g) SECTION HEADINGS.  The Section headings in this Agreement are
for  convenience  only; they form no part of this Agreement and shall not affect
its interpretation.

               (h)  NUMBER OF DAYS.  Except as  otherwise  provided  herein,  in
computing the number of days for purposes of this  Agreement,  all days shall be
counted, including Saturdays,  Sundays and holidays;  provided, however, that if
the final day of any time period falls on a Saturday, Sunday or holiday on which
federal banks are or may elect to be closed,  then the final day shall be deemed
to be the next day which is not a Saturday, Sunday or such holiday.

               (i)   SETTLEMENT   OF  DISPUTES.   Any  disputes   regarding  the
interpretation  of the Agreement or relating to Executive's  employment shall be
resolved by binding  arbitration to be held in Dallas,  Texas in accordance with
the Employment Dispute Resolution Rules of the American Arbitration  Association
then in effect.

                    IN WITNESS  WHEREOF,  the  parties  have duly  executed  and
delivered  this  Agreement  in  Dallas  County,  Texas on the date  first  above
written.

                                    REpipeline.com

                                    By:
                                    ----------------------------
                                    President

Attest:
       ------------------------
          Secretary

                                    ----------------------------
                                    Executive<PAGE>

                                     2000
                        NON-QUALIFIED STOCK OPTION PLAN
                                      OF
                             TECH DATA CORPORATION

1.   PURPOSE.

     The purposes of the 2000 Non-Qualified Stock Option Plan of Tech Data
Corporation (the "Plan") are to advance the interests of the Company and its
shareholders by strengthening the ability of the Company to attract, retain and
reward selected employees, to motivate selected employees to achieve business
objectives established to promote the long-term growth, profitability and
success of the Company, and to encourage ownership of the Common Stock of the
Company by participating employees allowing such employees to participate in the
long-term growth of the Company. The Plan authorizes non-qualified stock
options.

2.   DEFINITIONS.

     For the purposes of the Plan, the following terms shall have the following
meanings:

     (a)  "BOARD OF DIRECTORS" means the Board of Directors of the Company.

     (b)  "COMMITTEE" means the committee of the Board of Directors established
and constituted as provided in Section 5 of the Plan.

     (c)  "COMMON STOCK" means the common stock, par value of $.0015, of the
Company, or any security issued by the Company in substitution or exchange
therefor or in lieu thereof.

     (d)  "DISABILITY" means disability of the Holder within the meaning of
Section 22(e)(3) of the Internal Revenue Code ("Code").

     (e)  "COMPANY" means Tech Data Corporation, a Florida corporation, or any
successor corporation.

     (f)  "EMPLOYEE" means any individual, including any non-executive officer
of the Company, who is on the active payroll of the Company or a Subsidiary at
the relevant time.

     (g)  "FAIR MARKET VALUE" means, in respect of any date on or as of which a
determination thereof is being or to be made, the last sales price per share  of
the Common Stock reported on such date on  The Nasdaq National Market or on any
other national securities exchange registered under the Exchange Act upon which
the Common Stock is then listed, or, if the Common Stock was not traded on such
date, on the next preceding day on which sales of shares of the Common Stock
were reported on  The Nasdaq National Market or on any other national securities
exchange registered under the Exchange Act upon which the Common Stock is then
listed.

     (h)  "NON-QUALIFIED STOCK OPTION" means any option to purchase shares of
Common Stock granted pursuant to the provisions of Section 6 of the Plan.

     (i)  "PARTICIPANT" means any Employee of the Company or a Subsidiary who
receives a grant under the Plan.

     (j)  "PLAN" means this 2000 Non-Qualified Stock Option Plan of the Company,
as set forth herein and as hereafter amended from time to time in accordance
with the terms hereof.
<PAGE>

     (k)  "RETIREMENT" means approved retirement as determined by the Committee
or its designee, established and constituted as provided in Section 5 of the
Plan.

     (l)  "STOCK OPTION" means  any Non-Qualified Stock Option granted pursuant
to Section 6 of the Plan.

     (m)  "SUBSIDIARY" means any corporation or entity in which the Company
directly or indirectly owns or controls 50% or more of the equity securities
issued by such corporation or entity having the power to vote for the election
of directors.

3.   EFFECTIVE DATE; TERM.

     (a)  EFFECTIVE DATE. The Plan shall be effective on April 3, 2000.

     (b)  TERM. The Plan shall remain in effect until June 20, 2010, unless
sooner terminated by the Board of Directors. Termination of the Plan shall not
affect grants then outstanding.

4.   SHARES OF COMMON STOCK SUBJECT TO PLAN.

     (a)  MAXIMUM NUMBER OF SHARES AVAILABLE FOR ISSUANCE UNDER THE PLAN. The
maximum aggregate number of shares of Common Stock which may be issued pursuant
to the Plan, subject to adjustment as provided in Section 4(b) of the Plan,
shall be 1,500,000, plus (i) any shares of Common Stock issued under the Plan
that are forfeited back to the Company or are canceled, and (ii) any shares of
Common Stock that are tendered, whether by physical delivery or by attestation,
to the Company by a Participant as full or partial payment of the exercise price
of any Stock Option granted pursuant to the Plan or in payment of any applicable
withholding for federal, state, city, local or foreign income, payroll or other
taxes incurred in connection with the grant, vesting or exercise of any Stock
Option granted under the Plan. The shares of Common Stock which may be issued
under the Plan may be authorized and unissued shares or issued shares which have
been reacquired by the Company. No fractional share of the Common Stock shall be
issued under the Plan. Awards of fractional shares of the Common Stock, if any,
shall be settled in cash.

     (b)  ADJUSTMENTS UPON CHANGES IN CAPITAL STRUCTURE. In the event of any
change in the capital structure, capitalization or Common Stock of the Company
such as a stock dividend, stock split, recapitalization, merger, consolidation,
split-up, combination or exchange of shares or other form of reorganization, or
any other change affecting the Common Stock, such proportionate adjustments, if
any, as the Board of Directors in its discretion may deem appropriate to reflect
such change shall be made with respect to: (i) the maximum number of shares of
Common Stock which may be (1) issued pursuant to the Plan, (2) the subject of
any type of grant under the Plan, and (3) granted or issued to any Participant
pursuant to any provision of the Plan; (ii) the number of shares of Common Stock
subject to any outstanding  Stock Option, made to any Participant under the
Plan; (iii) the per share exercise price in respect of any outstanding Stock
Options; and (iv) any other term or condition of any grant affected by any such
change.

5.   ADMINISTRATION.

     (a)  THE COMMITTEE. The Plan shall be administered by the Committee to be
appointed from time to time by the Board of Directors and comprised of not less
than three  members.  Members of the Committee shall serve at the pleasure of
the Board of Directors. The Board of Directors may from time to time remove
members from, or add members to, the Committee. A majority of the members of the
Committee shall constitute a quorum for the transaction of business and the acts
of a majority of the

                                       2
<PAGE>

members present at any meeting at which a quorum is present shall be the acts of
the Committee. Any one or more members of the Committee may participate in a
meeting by conference telephone or similar means where all persons participating
in the meeting can hear and speak to each other, which participation shall
constitute presence in person at such meeting. Action approved in writing by a
majority of the members of the Committee then serving shall be fully as
effective as if the action had been taken by unanimous vote at a meeting duly
called and held. The Company shall make grants under the Plan in accordance with
the terms and conditions specified by the Committee, which terms and conditions
shall be set forth in grant agreements in such forms as the Committee shall
approve.

     (b)  COMMITTEE POWERS. The Committee shall have full power and authority to
operate and administer the Plan in accordance with its terms. The powers of the
Committee include, but are not limited to, the power to: (i) select Participants
from among the Employees of the Company and Subsidiaries  including establishing
guidelines, criteria, and overall numbers of and limits of grants; (ii)
establish the terms and conditions of all grants  made under the Plan, subject
to any applicable limitations set forth in, and consistent with the express
terms of, the Plan; (iii) make grants, conditionally or unconditionally, and
consistent with, the express provisions of the Plan; (iv) reduce the amount of
any grant; (v) prescribe the form or forms of grant agreements and offer
instruments evidencing grants under the Plan; (vi) construe and interpret the
Plan and make any determination of fact incident to the operation of the Plan;
(vii) promulgate, amend and rescind rules and regulations relating to the
implementation, operation and administration of the Plan; (viii) adopt such
modifications, procedures and subplans as may be necessary or appropriate to
comply with the laws of other countries with respect to Participants or
prospective Participants employed in such other countries; (ix) in its sole
discretion to accelerate the date on which any option may be exercised and may
accelerate the vesting of any shares of Common Stock subject to any option or
previously acquired shares by the exercise of any option; (x) the power to
delegate responsibility for Plan operation, management and administration on
such terms consistent with the Plan, as the Committee may establish; (xi)
delegate to other persons the responsibility for performing administrative or
ministerial acts in furtherance of the Plan; (xii) engage the services of
persons and firms, including banks, consultants , insurance companies and
broker-dealers in furtherance of the Plan's activities; and (xiii) make all
other determinations and take all other actions as the Committee may deem
necessary or advisable for the administration and operation of the Plan.

     (c)  COMMITTEE'S DECISIONS FINAL. Any determination, decision or action of
the Committee in connection with the construction, interpretation,
administration or application of the Plan, and of any grant agreement, shall be
final, conclusive and binding upon all Participants, and all persons claiming
through Participants, affected thereby.

6.   STOCK OPTIONS.

     (a)  IN GENERAL. Options to purchase shares of Common Stock may be granted
under the Plan and shall be Non-Qualified Stock Options. All Stock Options shall
be subject to the terms and conditions of this Section 6 and shall contain such
additional terms and conditions, not inconsistent with the express provisions of
the Plan, as the Committee shall determine.

     (b)  ELIGIBILITY AND LIMITATIONS. Any non-executive officer of the Company
and any other Employee of the Company or a Subsidiary may be granted Stock
Options. The Committee shall determine, in its discretion, the Employees to whom
Stock Options will be granted, the timing of such grants, and the number of
shares of Common Stock subject to each Stock Option granted. In no event shall
any Stock Option be granted to a Participant in exchange for the Participant's
agreement to the cancellation of one or more Stock Options then held by such
Participant if the exercise price of the new grant is lower than the exercise
price of the grant to be cancelled and in no event shall any Stock Option be
amended to reduce the option price, except as contemplated by Section 4(b) of
the Plan.

     (c)  OPTION EXERCISE PRICE. The per share exercise price of each Stock
Option granted

                                       3
<PAGE>

under the Plan shall be determined by the Committee prior to or at the time of
Grant.

     (d)  OPTION TERM. The term of each Stock Option shall be fixed by the
Committee.

     (e)  EXERCISABILITY. A Stock Option shall be exercisable at such time or
times and subject to such terms and conditions as shall be determined by the
Committee at the date of grant; provided, however, that no Stock Option shall be
exercisable during the first six months after the date such Stock Option is
granted.  No Stock Option may be exercised unless the holder thereof is at the
time of such exercise an Employee and has been continuously an Employee since
the date such Stock Option was granted, except that the Committee may permit the
exercise of any Stock Option for any period following the Participant's
termination of employment not in excess of the original term of the Stock Option
on such terms and conditions as it shall deem appropriate and specify in the
related grant agreement.

     (f)  METHOD OF EXERCISE. A Stock Option may be exercised, in whole or in
part, by giving written notice of exercise to the Company specifying the number
of shares of Common Stock to be purchased. Such notice shall be accompanied by
payment in full of the purchase price, plus any required withholding taxes, in
cash or, if permitted by the terms of the related grant agreement or otherwise
approved in advance by the Committee, in shares of Common Stock already owned by
the Participant valued at the Fair Market Value of the Common Stock on the date
of exercise. The Committee may also permit Participants, either on a selective
or aggregate basis, to simultaneously exercise Stock Options and sell the shares
of Common Stock thereby acquired pursuant to a brokerage or similar arrangement
approved in advance by the Committee and to use the proceeds from such sale to
pay the exercise price and withholding taxes.

7.   NON-TRANSFERABILITY OF GRANTS.

     No grant under the Plan, and no right or interest therein, shall be (i)
assignable, alienable or transferable by a Participant, except by will or the
laws of descent and distribution, or (ii) subject to any obligation, or the lien
or claims of any creditor, of any Participant, or (iii) subject to any lien,
encumbrance or claim of any party made in respect of or through any Participant,
however arising. During the lifetime of a Participant, Stock Options are
exercisable only by, and shares of Common Stock issued upon the exercise of
Stock Options to, the Participant or his or her legal representative. The
Committee may, in its sole discretion, authorize written designations of
beneficiaries and authorize Participants to designate beneficiaries with the
authority to exercise Stock Options granted to a Participant in the event of his
or her death. Notwithstanding the foregoing, the Committee may, in its sole
discretion and on and subject to such terms and conditions as it shall deem
appropriate, which terms and conditions shall be set forth in the related grant
agreement: (i) authorize a Participant to transfer all or a portion of any Stock
Option granted to such Participant; provided, that in no event shall any
transfer be made to any person or persons other than such Participant's spouse,
children or grandchildren, or a trust for the exclusive benefit of one or more
such persons, which transfer must be made as a gift and without any
consideration; and (ii) provide for the transferability of a particular grant
pursuant to a qualified domestic relations order. All other transfers and any
retransfer by any permitted transferee are prohibited and any such purported
transfer shall be null and void. Each Stock Option which becomes the subject of
permitted transfer (and the Participant to whom it was granted by the Company)
shall continue to be subject to the same terms and conditions as were in effect
immediately prior to such permitted transfer. The Participant shall remain
responsible to the Company for the payment of all withholding taxes incurred as
a result of any exercise of such Stock Option. In no event shall any permitted
transfer of a Stock Option create any right in any party in respect of any Stock
Option other than the rights of the qualified transferee in respect of such
Stock Option specified in the related grant agreement.

                                       4
<PAGE>

8.   CHANGE IN CONTROL.

     (a)  EFFECT ON GRANTS. In the event of a Change in Control (as defined
below) of the Company, except as the Board of Directors comprised of a majority
of Continuing Directors may expressly provide otherwise, and notwithstanding any
other provision of the Plan to the contrary, all Stock Options then outstanding
shall become fully exercisable as of the date of the Change in Control, whether
or not then exercisable.

     (b)  CHANGE IN CONTROL DEFINED. A "Change in Control" of the Company shall
occur when: (i) any Acquiring Person (other than the Company, any Subsidiary,
any employee benefit plan of the Company or of any Subsidiary, or any person or
entity organized, appointed or established by the Company or a Subsidiary for or
pursuant to the terms of any such plans), alone, or together with its Affiliates
and Associates, shall become the beneficial owner of fifty percent (50%) or more
of the shares of Common Stock then outstanding and provided that the Continuing
Directors of the combined companies specifically determine that it is a "change
in control" of the Company; or (ii) the shareholders of the Company approve a
definitive agreement for a merger or consolidation involving the Company which
would result in the Common Stock outstanding immediately prior to such merger or
consolidation continuing to represent (whether by remaining outstanding or by
being converted into voting securities of the surviving entity) less than fifty
percent of the combined voting power of the Company and such other entity
outstanding immediately after such merger or consolidation; or (iii) the
shareholders of the Company approve a plan of complete liquidation of the
Company or an agreement for the sale or other disposition of all or
substantially all of the assets of the Company; or (iv) the Continuing Directors
no longer constitute a majority of the Board of Directors. "Acquiring Person"
means any person (any individual, firm, corporation or other entity) who or
which, together with all its Affiliates and Associates, shall be the beneficial
owner of a substantial block of Common Stock. "Affiliate" and "Associate" shall
have the respective meanings ascribed to such terms in Rule 12b-2 under the
Exchange Act. "Continuing Director" means any individual who is a member of the
Board of Directors, while such individual is a member of the Board of Directors,
who is not an Acquiring Person, or an Affiliate or Associate of an Acquiring
Person, or a representative or nominee of an Acquiring Person or of any such
Affiliate or Associate, and was a member of the Board of Directors prior to the
occurrence of a Change in Control, and any successor of a Continuing Director,
while such successor is a member of the Board of Directors, who is not an
Acquiring Person, or an Affiliate or Associate of an Acquiring Person, or
representative or nominee of an Acquiring Person or of any such Affiliate or
Associate, and is recommended or elected to succeed the Continuing Director by a
majority of the Continuing Directors.

9.   AMENDMENT AND TERMINATION.

     The Board of Directors may at any time terminate the Plan, except with
respect to grants then outstanding. The Board of Directors may amend the Plan at
any time and from time to time in such respects as the Board of Directors may
deem necessary or appropriate without approval of the shareholders.

10.  MISCELLANEOUS.

     (a)  WITHHOLDING TAXES. Any applicable withholding for taxes of any kind
will apply to all options granted under the plan at the time of grant, vesting
or exercise as required. The Company shall have the right to deduct from any
amount payable under the Plan, including delivery of shares of Common Stock to
be made under the Plan, all federal, state, city, local or foreign taxes of any
kind required by law to be withheld with respect to such payment and to take
such other actions as may be necessary in the opinion of the Company to satisfy
all obligations for the payment of such taxes. If shares of Common Stock are
used to satisfy withholding taxes, such shares shall be valued based on the Fair
Market Value thereof on the date when the withholding for taxes is required to
be made. The Company

                                       5
<PAGE>

shall have the right to require a Participant to pay cash to satisfy withholding
taxes as a condition to the payment of any amount (whether in cash or shares of
Common Stock) under the Plan.

     (b)  NO RIGHT TO EMPLOYMENT. Neither the adoption of the Plan nor the
making of any grant shall confer upon any Employee any right to continued
employment with the Company or any Subsidiary, nor shall it interfere in any way
with the right of the Company or any Subsidiary to terminate the employment of
any Employee at any time, with or without cause.

     (c)  SECURITIES LAW RESTRICTIONS. In no event shall the Company be
obligated to issue or deliver any shares of Common Stock if such issuance or
delivery shall constitute a violation of any provisions of any law or regulation
of any governmental authority or securities exchange. No shares of Common Stock
shall be issued under the Plan unless counsel for the Company shall be satisfied
that such issuance will be in compliance with all applicable Federal and state
securities laws and regulations and all requirements of any securities exchange
on which the Common Stock is listed.

     (d)  GRANT AGREEMENTS. Each Participant receiving a grant under the Plan
shall enter into a grant agreement with the Company in a form specified by the
Committee agreeing to the terms and conditions of the grant and such related
matters as the Committee shall, in its sole discretion, determine.

     (e)  SEVERABILITY. In the event any provision of the Plan shall be held to
be invalid or unenforceable for any reason, such invalidity or unenforceability
shall not affect the remaining provisions of the Plan.

     (f)  TRANSITION - 1990 PLAN. The Plan replaces the 1990 Incentive and Non-
Statutory Stock Option Plan (the "1990 Plan") and is effective on April 3, 2000.
The 1990 Plan shall automatically terminate on June 20, 2000, except that such
termination shall not affect any grants or awards then outstanding under the
1990 Plan.

     (g)  GOVERNING LAW. The Plan shall be governed by and construed in
accordance with the laws of the State of Florida.

                                       6

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