Document:

REGISTRATION RIGHTS AGREEMENT

     REGISTRATION RIGHTS AGREEMENT, dated as of March 9, 2000, between Vizacom
Inc., a Delaware corporation (the "Company") and each of the stockholders of the
Company set forth on the signature page hereto (the "Stockholders").

     WHEREAS, this Agreement has been entered into in connection with a Share
Purchase Agreement dated as of March 9, 2000 (the "Purchase Agreement"),
among the Company, each of the Selling Stockholders set forth on the signature
page thereto and Junction 15 Limited.

     NOW, THEREFORE, it is agreed as follows:

     1.   Defined Terms. Each of the following terms shall have the following
meanings (such definitions to be applicable to both the plural and singular of
the terms defined):

          (a)  Registerable Securities. The term "Registerable Securities"
shall mean any of the shares of Capital Stock of the Company, including any
shares of Common Stock or other securities received in connection with any
stock split, stock dividend, merger, reorganization, recapitalization,
reclassification or other distribution payable or issuable upon shares of
Common Stock. For the purposes of this Agreement, securities will cease to
be Registerable Securities when (A) a registration statement under the
Securities Act covering such Registerable Securities has been declared
effective and such registration statement has been effective for nine (9)
months after the expiration of the period specified in section 2 of the
Lock-up Agreements of even date herewith between the Company and each of
Stockholders, (B) such Registerable Securities are distributed to the
public pursuant to the Securities Act or pursuant to an exemption from the
registration requirements of the Securities Act, including, but not limited
to, Rules 144 and 144A promulgated under the Securities Act, or (C) such
Registerable Securities have been otherwise transferred and the Company, in
accordance with applicable law and regulations, has delivered new
certificates or other evidences of ownership for such securities which are
not subject to any stop transfer order or other restriction on transfer.

          (b)  Rightsholders. The term "Rightsholders" shall include the
undersigned, all successors and assigns of the undersigned, and all
transferees of Registerable Securities where such transfer affirmatively
includes the transfer and assignment of the rights of the transferor
Rightsholder under this Agreement with respect to the transferred
Registerable Securities.

          (c)  The words "hereof," "herein" and "hereunder" and words of
similar import when used in this Agreement shall refer to this Agreement as
a whole and not to any particular provision of this Agreement, and
subsection, paragraph, clause, schedule and exhibit references are to this
Agreement unless otherwise specified.

          (d)  Capitalized terms used herein but not otherwise defined shall
have the meanings given to them in the Purchase Agreement.

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     2.   Piggy-Back Registration.

     (a)  If, at any time on or after the Closing Date and on or prior
to three years from the Closing Date, the Company proposes to file a
registration statement under the Securities Act with respect to an offering
by the Company or any other party of any class of equity security similar
to any Registerable Securities (other than a registration statement in
connection with an underwritten public offering of the Company's common
stock or a registration statement on Form S-4 or S-8 or any successor form
or a registration statement filed solely in connection with an exchange
offer, a business combination transaction or an offering of securities
solely to the existing stockholders or employees of the Company), then the
Company, on each such occasion, shall give written notice (each, a "Company
PiggyBack Notice") of such proposed filing to all of the Rightsholders
owning Registerable Securities at least 20 days before the anticipated
filing date of such registration statement, and such Company Piggy-Back
Notice also shall be required to offer to such Rightsholders the
opportunity to register such aggregate number of Registerable Securities as
each such Rightsholder may request. Each such Rightsholder shall have the
right, exercisable for the 10 days immediately following the giving of the
Company Piggy-Back Notice, to request, by written notice (each, a "Holder
Notice") to the Company, the inclusion of all or any portion of the
Registerable Securities of such Rightsholders in such registration
statement. The Company shall use reasonable efforts to cause the managing
underwriter(s) of a proposed underwritten offering to permit the inclusion
of the Registerable Securities which were the subject of all Holder Notices
in such underwritten offering on the same terms and conditions as any
similar securities of the Company included therein. Notwithstanding
anything to the contrary contained in this Paragraph 2(a), if the managing
underwriter(s) of such underwritten offering or any proposed underwritten
offering delivers a written opinion to the Rightsholders of Registerable
Securities which were the subject of all Holder Notices that the total
amount and kind of securities which they, the Company and any other person
intend to include in such offering is such as to materially and adversely
affect the success of such offering, then the amount of securities to be
offered for the accounts of such Rightsholders and persons other than the
Company shall be eliminated or reduced pro rata (based on the amount of
securities owned by such Rightsholders and other persons which carry
registration rights) to the extent necessary to reduce the total amount of
securities to be included in such offering to the amount recommended by
such managing underwriter(s) in its written opinion.

     (b)  Demand Registration.

          (i)  Right to Demand. Subject to Paragraph 2(b)(ii) hereof, at any
time on or after twelve months after the Closing Date (or such earlier date
on which Registerable Securities are release from escrow in connection with
Section 4.2 of the Share Purchase Agreement) and on or prior to three years
from the Closing Date, the Initiating Holders (as defined in paragraph
2(b)(vi) below) may make a written request (each, a "Demand Request") to
the Company for registration under the Securities Act of all or part of
their Registerable Securities (each, a "Demand Registration"). Within ten
days after receipt of a Demand Request, the Company shall deliver a written
notice (the "Notice") of such Demand Request to all other

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Rightsholders. The Company will include in such Demand Registration all
Registerable Securities with respect to which the Company has been given written
requests (each, "Tag-Along Request") for inclusion therein within twenty days
after the giving of the Notice. Each and every Demand Request shall be required
to specify the aggregate amount of the Registerable Securities to be included in
such Demand Registration, the amount of Registerable Securities to be registered
for each of the Initiating Holders and the intended method(s) of disposition
thereof, including whether or not such Demand Registration or portion thereof is
to relate to an underwritten offering, the name of the managing underwriter(s),
if any, and the terms of any such underwriting. Each and every Tag-Along Request
shall be required to specify the amount of Registerable Securities to be
registered in the Demand Registration and the intended method(s) of disposition
thereof, including whether or not the Registerable Securities subject to such
Tag-Along Request or portion thereof is to relate to an underwritten offering,
the name of the managing underwriter(s), if any, and the terms of any such
underwriting.

          (ii) Number of Demand Registrations; Expenses.  Subject to the
provisions of Paragraph 2(b)(iii) hereof, the holders of Registerable Securities
shall be entitled, in the aggregate, to one Demand Registration, the
Registration Expenses (as defined in Section 4 hereof) of which, subject to the
provisions of Section 4, shall be borne by the Company, but the Company shall
not be responsible for the payment of any underwriter's discount, commission or
selling concession in connection with any of the Registrable Securities. The
Company shall not be deemed to have effected a Demand Registration unless and
until such Demand Registration is declared effective.

          (iii) Priority on Demand Registrations.

                (A) Whenever the Company shall effect a Demand Registration in
connection with an underwritten offering by one or more Initiating Holders, no
other securities, including other Registerable Securities shall be included in
such Demand Registration, unless (1) the managing underwriter(s) with respect to
such Demand Registration shall have advised the Company and each Initiating
Holder whose Registerable Securities were included in the Demand Request, in
writing, that the inclusion of such other securities would not adversely affect
such underwritten offering or (2) each of the Initiating Holders shall each have
consented in writing to the inclusion of such other securities. In the event of
such written advice of the managing underwriter(s) or unanimous consent of such
Initiating Holders, the Company will include in such Demand Registration
securities in the following order of priority until the maximum number of
securities included in the written advice of the managing underwriter(s) or
unanimous consent of such Initiating Holders shall be reached: (1) first, pro
rata (based upon the amount of Registerable Securities) among the Registerable
Securities included in the Demand Request which are subject to the underwritten
offering, (2) second, pro rata (based upon the amount of Registerable
Securities) among the Registerable Securities of the other holders (each, a
"Rightsholder") of registration rights granted by the Company in connection with
the sale of the Shares who have given a Tag-Along Request with respect to such
Demand Registration where the method of distribution shall be pursuant to an
underwritten offering, (3) third, pro rata (based

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upon the amount of Registerable Securities) among all other Registerable
Securities included in the Demand Request and Tag-Along Request(s) and (4)
fourth, pro rata (based upon the amount of securities owned which carry
registration rights) among all other securities to which the Company has granted
registration rights and for which a request for inclusion in the Demand
Registration shall have been made.

                (B) Whenever the Company shall effect a Demand Registration in
connection with an offering of Registerable Securities of Initiating Holders for
which the intended method(s) of distribution shall not include an underwritten
offering, and the holders of a majority of the Registerable Securities which
were subject to the Demand Request shall advise the Company in writing that, in
the opinion of such Initiating Holders, the number of securities proposed to be
sold in such Demand Registration would adversely affect such offering and the
Board of Directors of the Company concurs with such conclusion, the Company will
include in such Demand Registration securities in the following order of
priority until the maximum number of securities included in the written advice
of such Initiating Holders shall be reached: (1) first, pro rata (based upon the
amount of Registerable Securities) among the Registerable Securities included in
the Demand Request, (2) second, pro rata (based upon the amount of Registerable
Securities) among the Registerable Securities of the Rightsholders who have
given a Tag-Along Request with respect to such Demand Registration where the
method of distribution shall be pursuant to an underwritten offering, (3) third,
pro rata (based upon the amount of Registerable Securities) among all other
Registerable Securities included in the Demand Request and Tag-Along Request(s)
and (4) fourth, pro rata (based upon the amount of securities owned which carry
registration rights) among all other securities to which the Company has granted
registration rights and for which a request for inclusion in the Demand
Registration shall have been made.

                (C) In the event that Initiating Holders and other Rightsholders
who have given a Tag-Along Request are unable to have registered the full amount
of Registerable Securities which they requested to be registered pursuant to a
Demand Request or Tag-Along Request, pursuant to the provisions of this Section
2(b), such Initiating Holders and other Rightsholders shall retain the right to
one Demand Registration with respect to such unregistered Registerable
Securities subject to such Demand Request and Tag-Along Request.

          (iv) Delay in Effecting Demand Registration. Notwithstanding anything
in the foregoing to the contrary, the Company shall not be obligated to effect a
Demand Registration at any time when the Company, in the good faith judgment of
its Board of Directors made no later than 30 days after the giving of the Demand
Request with respect to such Demand Registration, reasonably believes that the
filing thereof at the time requested, or the offering of securities pursuant
thereto, would be materially detrimental to the interests of Company or its
stockholders. The effectuation of a Demand Registration cannot be suspended,
pursuant to the provisions of the preceding sentence, on more than one occasion
in any twelve-month period or for more than 120 days after the date of the
Board's determination referenced in the preceding sentence.

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          (v)  Approval of Underwriter by the Company and Placement Agent. If
the Demand Registration is to involve an underwritten offering, the managing
underwriter(s) and each selling agent selected by those Rightsholders
participating in each such underwritten offering shall be subject to the written
approval of the Company, which approval may not be unreasonably withheld.

          (vi) "Initiating Holders" Defined. For purposes of this Agreement, the
term "Initiating Holders" shall mean, on any given date, those Rightsholders
holding Registerable Securities which would aggregate 50% or more of the total
Registerable Securities that would be outstanding on such date.

          (c)  Number of Piggy-Back Registrations; Expenses. The obligations of
the Company under this Section 2 shall be unlimited with respect to each
Rightsholder. Subject to the provisions of Section 4 hereof, the Company will
pay all Registration Expenses in connection with any registration of
Registerable Securities effected pursuant to this Section 2, but the Company
shall not be responsible for the payment of any underwriter's discount,
commission or selling concession in connection therewith.

          (d)  Withdrawal or Suspension of Registration Statement.
Notwithstanding anything contained to the contrary in this Section 2, the
Company shall have the absolute right, whether before or after the giving of a
Company Piggy-Back Notice or Holder Notice, not to be obligated to fulfill the
requirements to file a registration statement to which the Rightsholders shall
have the right to include their Registerable Securities therein pursuant to this
Section 2, to withdraw such registration statement or to delay or suspend
pursuing the effectiveness of such registration statement for up to 180 days, if
the Board of Directors of the Company reasonably determines such action or
inaction to be in the best interests of the Company or required by law. In the
event of such a determination after the giving of a Company Piggy-Back Notice,
the Company shall give notice of such determination to all Rightsholders and,
thereupon, (i) in the case of a determination not to register or to withdraw
such registration statement, the Company shall be relieved of its obligation
under this Section 2 to register any of the Registerable Securities in
connection with such registration and (ii) in the case of a determination to
delay the registration, the Company shall be permitted to delay or suspend the
registration of Registerable Securities pursuant to this Section 2 for the same
period as the delay in the registration of such other securities. No
registration effected under this Section 2 shall relieve the Company of its
obligation to effect any registration upon demand otherwise granted to a
Rightsholder under any other agreement with the Company.

     3.   Registration Procedures.

          (a)  Obligations of the Company.  The Company will, in connection with
any registration pursuant to Section 2 hereof, as expeditiously as possible:

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               (i) prepare and file with the Commission a registration statement
under the Securities Act on any appropriate form chosen by the Company, in its
sole discretion, which shall be available for the sale of all Registerable
Securities to be included for sale in accordance with the intended method(s) of
distribution thereof set forth in all applicable Holder Notices, and use its
commercially reasonable best efforts to cause such registration statement to
become effective as soon thereafter as reasonably practicable but in no event
more than 100 days after receipt of such notices or requests; provided, that,
(A) after such filing, the Company shall, as diligently as practicable, provide
to each such Rightsholders such number of copies of such registration statement,
each amendment and supplement thereto, the prospectus included in such
registration statement (including each preliminary prospectus), all exhibits
thereto and documents incorporated by reference therein and such other documents
as such Rightsholder may reasonably request in order to facilitate the
disposition of the Registerable Securities owned by such Rightsholder and
included in such registration statement; (B) the Company shall modify or amend
the registration statement as it relates to such Rightsholder as reasonably
requested by such Rightsholder on a timely basis, and shall reasonably consider
other changes to the registration statement (but not including any exhibit or
document incorporated therein by reference) reasonably requested by such
Rightsholder on a timely basis, in light of the requirements of the Securities
Act and any other applicable laws and regulations; and (C) that the obligation
of the Company to effect such registration and/or cause such registration
statement to become effective, may be postponed for (x) such period of time when
the financial statements of the Company required to be included in such
registration statement are not available (due solely to the fact that such
financial statements have not been prepared in the regular course of business of
the Company) or (y) any other bona fide corporate purpose, but then only for a
period not to exceed 120 days;

               (ii) prepare and file with the Commission such amendments and
post-effective amendments to a registration statement as may be necessary to
keep such registration statement effective for up to nine months; and cause the
related prospectus to be supplemented by any required prospectus supplement, and
as so supplemented to be filed to the extent required pursuant to Rule 424
promulgated under the Securities Act, during such nine-month period; and
otherwise comply with the provisions of the Securities Act with respect to the
disposition of all Registerable Securities covered by such registration
statement during the applicable period in accordance with the intended method(s)
of disposition of such Registerable Securities set forth in such registration
statement, prospectus or supplement to such prospectus;

               (iii) notify the Rightsholders whose Registerable Securities are
included in such registration statement and the managing underwriter(s), if any,
of an underwritten offering of any of the Registerable Securities included in
such registration statement, and confirm such advice in writing, (A) when a
prospectus or any prospectus supplement or post-effective amendment has been
filed, and, with respect to a registration statement or any post-effective
amendment, when the same has become effective, (B) of any request by the
Commission for amendments or supplements to a registration statement or related
prospectus or for additional information, (C) of the issuance by the Commission
of any stop order suspending the

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effectiveness of a registration statement or the initiation of any
proceedings for that purpose, (D) if at any time the representations and
warranties of the Company contemplated by clause (A) of Paragraph 3(a)(x) hereof
cease to be true and correct, (E) of the receipt by the Company of any
notification with respect to the suspension of the qualification of any of the
Registerable Securities for sale in any jurisdiction or the initiation or
threatening of any proceeding for such purpose and (F) of the happening of any
event which makes any statement made in the registration statement, the
prospectus or any document incorporated therein by reference untrue or which
requires the making of any changes in the registration statement or prospectus
so that such registration statement, prospectus or document incorporated by
reference will not contain any untrue statement of material fact or omit to
state any material fact required to be stated therein or necessary to make the
statements therein not misleading;

               (iv) make reasonable efforts to obtain the withdrawal of any
order suspending the effectiveness of such registration statement at the
earliest possible moment and to prevent the entry of such an order;

               (v) use reasonable efforts to register or qualify the
Registerable Securities included in such registration statement under such other
securities or blue sky laws of such jurisdictions as any Rightsholder whose
Registrable Securities are included in such registration statement reasonably
requests in writing and do any and all other acts and things which may be
necessary or advisable to enable such Rightsholder to consummate the disposition
in such jurisdictions of such Registerable Securities; provided, that the
Company will not be required to (A) qualify generally to do business in any
jurisdiction where it would not otherwise be required to qualify but for this
Paragraph 3(a)(v), (B) subject itself to taxation in any such jurisdiction or
(C) take any action which would subject it to general service of process in any
such jurisdiction;

               (vi) cooperate with the Rightsholder whose Registerable
Securities are included in such registration statement and the managing
underwriter(s), if any, to facilitate the timely preparation and delivery of
certificates representing Registerable Securities to be sold thereunder, not
bearing any restrictive legends, and enable such Registerable Securities to be
in such denominations and registered in such names as such Rightsholder or any
managing underwriter(s) may reasonably request at least two business days prior
to any sale of Registerable Securities;

               (vii) comply with all applicable rules and regulations of the
Commission and promptly make generally available to its security holders an
earnings statement covering a period of twelve months commencing, (A) in an
underwritten offering, at the end of any fiscal quarter in which Registerable
Securities are sold to underwriter(s), or (B) in a non-underwritten offering,
with the first month of the Company's first fiscal quarter beginning after the
effective date of such registration statement, which earnings statement in each
case shall satisfy the provisions of Section 11(a) of the Securities Act;

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               (viii) enter into such customary agreements (including an
underwriting agreement in customary form) and take all such other actions
reasonably requested by the Rightsholders holding a majority of the Registerable
Securities included in such registration statement or the managing
underwriter(s) in order to expedite and facilitate the disposition of such
Registerable Securities and in such connection, whether or not an underwriting
agreement is entered into and whether or not the registration is an underwritten
egistration, (A) make such representations and warranties, if any, to any
underwriter(s) with respect to the registration statement, prospectus and
documents incorporated by reference, if any, in form, substance and scope as
are customarily made by issuers to underwriter(s) in underwritten offerings and
confirm the same if and when requested, (B) obtain opinions of counsel to the
Company and updates thereof addressed to each such underwriter(s), if any, with
respect to the registration statement, prospectus and documents incorporated by
reference, if any, covering the matters customarily covered in opinions
requested in underwritten offerings and such other matters as may be
reasonably requested by such Rightsholders and underwriter(s), (C) obtain
a "cold comfort" letter and updates thereof from the Company's independent
certified public accountants addressed to the underwriter(s), if any, which
letters shall be in customary form and cover matters of the type customarily
covered in "cold comfort" letters by accountants in connection with underwritten
offerings, and (D) deliver such documents and certificates as may be reasonably
requested by the managing underwriter(s), if any, to evidence compliance with
any customary conditions contained in the underwriting agreement or other
agreement entered into by the Company; each such action required by this
Paragraph 3(a)(x) shall be done at each closing under such underwriting or
similar agreement or as and to the extent required thereunder; and

               (ix) if requested by the holders of a majority of the
Registerable Securities included in such registration statement, use its best
efforts to cause all Registerable Securities which are included in such
registration statement to be listed, subject to notice of issuance, by the date
of the first sale of such Registerable Securities pursuant to such registration
statement, on each securities exchange, if any, on which securities similar to
the Registered Securities are listed.

          (b) Obligations of Rightsholders. In connection with any registration
of Registerable Securities of a Rightsholder pursuant to Section 2 hereof:

               (i) The Company may require that each Rightsholder whose
Registerable Securities are included in such registration statement furnish to
the Company such information regarding the distribution of such Registerable
Securities and such Rightsholder as the Company may from time to time reasonably
request in writing; and

               (ii) Each Rightsholder, upon receipt of any notice from the
Company of the happening of any event of the kind described in clauses (B), (C),
(E) and (F) of Paragraph 3(a)(iii) hereof, shall forthwith discontinue
disposition of Registerable Securities pursuant to the registration statement
covering such Registerable Securities until such Rightsholder's receipt of the
copies of the supplemented or amended prospectus contemplated by clause (A) of
Paragraph

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3(a)(iii) hereof, or until such Rightsholder is advised in writing (the
"Advice") by the Company that the use of the applicable prospectus may be
resumed, and until such Rightsholder has received copies of any additional or
supplemental filings which are incorporated by reference in or to be attached to
or included with such prospectus, and, if so directed by the Company, such
Rightsholder will deliver to the Company (at the expense of the Company) all
copies, other than permanent file copies then in the possession of such
Rightsholder, of the current prospectus covering such Registerable Securities at
the time of receipt of such notice; the Company shall have the right to demand
that such Rightsholder or other holder verify its agreement to the provisions of
this Paragraph 3(b)(ii) in any Holder Notice of the Rightsholder or in a
separate document executed by the Rightsholder.

     4.   Registration Expenses. All expenses incident to the performance of or
compliance with this Agreement by the Company, including, without imitation, all
registration and filing fees of the Commission, National Association of
Securities Dealers, Inc. and other agencies, fees and expenses of compliance
with securities or blue sky laws (including reasonable fees and disbursements of
counsel in connection with blue sky qualifications of the Registerable
Securities), rating agency fees, printing expenses, messenger and delivery
expenses, internal expenses (including, without limitation, all salaries and
expenses of its officers and employees performing legal or accounting duties),
the fees and expenses incurred in connection with the listing, if any, of the
Registerable Securities on any securities exchange and fees and disbursements of
counsel for the Company and the Company's independent certified public
accountants (including the expenses of any special audit or "cold comfort"
letters required by or incidental to such performance), Securities Act or other
liability insurance (if the Company elects to obtain such insurance), the fees
and expenses of any special experts retained by the Company in connection with
such registration and the fees and expenses of any other person retained by the
Company (but not including any underwriting discounts or commissions
attributable to the sale of Registerable Securities or other out-of-pocket
expenses of the Rightsholders, or the agents who act on their behalf, unless
reimbursement is specifically approved by the Company) will be borne by the
Company. All such expenses are herein referred to as "Registration Expenses."

     5.   Indemnification: Contribution.

          (a) Indemnification by the Company. The Company agrees to indemnify
and hold harmless, to the full extent permitted by law, each Rightsholder, its
officers and directors and each person who controls such Rightsholder (within
the meaning of the Securities Act), if any, and any agent thereof against all
losses, claims, damages, liabilities and expenses incurred by such party
pursuant to any actual or threatened suit, action, proceeding or investigation
(including reasonable attorney's fees and expenses of investigation) arising out
of or based upon any untrue or alleged untrue statement of a material fact
contained in any registration statement, prospectus or preliminary prospectus or
any omission or alleged omission to state therein a material fact required to be
stated therein or necessary to make the statements therein (in the case of a
prospectus, in the light of the circumstances under which they were made) not
misleading, except insofar as the same arise out of or are based upon, any such
untrue statement or omission

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based upon  information  with  respect to such  Rightsholder  furnished  in
writing to the Company by such Rightsholder expressly for use therein.

          (b) Indemnification by Rightsholder. In connection with any
registration statement in which a Rightsholder is participating, each such
Rightsholder will be required to furnish to the Company in writing such
information with respect to such Rightsholder as the Company reasonably requests
for use in connection with any such registration statement or prospectus, and
each Rightsholder agrees to the extent it is such a holder of Registerable
Securities included in such registration statement, and each other such holder
of Registerable Securities included in such Registration Statement will be
required to agree, to indemnify, to the full extent permitted by law, the
Company, the directors and officers of the Company and each person who controls
the Company (within the meaning of the Securities Act) and any agent thereof,
against any losses, claims, damages, liabilities and expenses (including
reasonable attorney's fees and expenses of investigation incurred by such party
pursuant to any actual or threatened suit, action, proceeding or investigation
arising out of or based upon any untrue or alleged untrue statement of a
material fact or any omission or alleged omission of a material fact necessary,
to make the statements therein (in the case of a prospectus, in the light of the
circumstances under which they are made) not misleading, to the extent, but only
to the extent, that such untrue statement or omission is based upon information
relating to such Rightsholder or other holder furnished in writing to the
Company expressly for use therein.

          (c) Conduct of Indemnification Proceedings. Promptly after receipt by
an indemnified party under this Section 5 of written notice of the commencement
of any action, proceeding, suit or investigation or threat thereof made in
writing for which such indemnified party may claim indemnification or
contribution pursuant to this Agreement, such indemnified party shall notify in
writing the indemnifying party of such commencement or threat; but the omission
so to notify the indemnifying party shall not relieve the indemnifying party
from any liability which the indemnifying party may have to any indemnified
party (i) hereunder, unless the indemnifying party is actually prejudiced
thereby, or (ii) otherwise than under this Section 5. In case any such action,
suit or proceeding shall be brought against any indemnified party, and the
indemnified party shall notify the indemnifying party of the commencement
thereof, the indemnifying party shall be entitled to participate therein and the
indemnifying party shall assume the defense thereof, with counsel reasonably
satisfactory to the indemnified party, and the obligation to pay all expenses
relating thereto. The indemnified party shall have the right to employ separate
counsel in any such action, suit or proceeding and to participate in the defense
thereof, but the fees and expenses of such counsel shall be at the expense of
such indemnified party unless (i) the indemnifying party has agreed to pay such
fees and expenses, (ii) the indemnifying party shall have failed to assume the
defense of such action, suit or proceeding or to employ counsel reasonably
satisfactory to the indemnified party therein or to pay all expenses relating
thereto or (iii) the named parties to any such action or proceeding (including
any impleaded parties) include both the indemnified party and the indemnifying
party and the indemnified party shall have been advised by counsel that there
may be one or more legal defenses available to the indemnified party which are
different from or additional to those

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available to the indemnifying party and which may result in a conflict
between the indemnifying party and such indemnified party (in which case, if the
indemnified party notifies the indemnifying party in writing that the
indemnified party elects to employ separate counsel at the expense of the
indemnifying party, the indemnifying party shall not have the right to assume
the defense of such action or proceeding on behalf of the indemnified party; it
being understood, however, that the indemnifying party shall not, in connection
with any one such action, suit or proceeding or separate but substantially
similar or related actions, suits or proceedings in the same jurisdiction
arising out of the same general allegations or circumstances, be liable for the
fees and expenses of more than one separate firm of attorneys at any time for
the indemnified party, which firm shall be designated in writing by the
indemnified party).

          (d) Contribution. If the indemnification provided for in this Section
5 from the indemnifying party is unavailable to an indemnified party hereunder
in respect of any losses, claims, damages, liabilities or expenses referred to
therein, then the indemnifying party, in lieu of indemnifying such indemnified
party, shall contribute to the amount paid or payable by such indemnified party
as a result of such losses, claims, damages, liabilities or expenses (i) in such
proportion as is appropriate to reflect the relative benefits received by the
indemnifying party on the one hand and the indemnified party on the other or
(ii) if the allocation provided by clause (i) above is not permitted by
applicable law, in such proportion as is appropriate to reflect not only the
relative benefits received by the indemnifying party on the one hand and the
indemnified party on the other but also the relative fault of the indemnifying
party and indemnified party, as well as any other relevant equitable
considerations. The relative fault of such indemnifying party and the
indemnified parties shall be determined by reference to, among other things,
whether any action in question, including any untrue or alleged untrue statement
of a material fact or omission or alleged omission to state a material fact, has
been made by, or relates to information supplied by, such indemnifying party or
indemnified parties, and the parties' relative intent, knowledge, access to
information and opportunity to correct or prevent such action. The amount paid
or payable by a party as a result of the losses, claims, damages. liabilities
and expenses referred to above shall be deemed to include, subject to the
limitation set forth in Section 5(e), any legal or other fees or expenses
reasonably incurred by such party in connection with any investigation or
proceeding.

          The parties hereto agree that it would not be just and equitable if
contribution pursuant to this Paragraph 5(d) were determined by pro rata
allocation or by any other method of allocation which does not take into account
the equitable considerations referred to in clauses (i) and (ii) of the
immediately preceding paragraph. No person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act)
shall be entitled to contribution from any person who was not guilty of such
fraudulent misrepresentation.

          (e) Limitation. Anything to the contrary contained in this Section
5(e) or in Section 6 notwithstanding, no holder of Registerable Securities shall
be liable for indemnification and contribution payments aggregating an amount in
excess of the maximum

                                      -11-
<PAGE>

amount received by such holder in connection with any sale of Registerable
Securities as contemplated herein.

     6. Participation in Underwritten Registration. No Rightsholder may
participate in any underwritten registration hereunder unless such Rightsholder
(i) agrees to sell such Rightsholder's securities on the basis provided in any
underwriting arrangements approved by the persons entitled hereunder to approve
such arrangements and to comply with Regulation M under the Exchange Act and
(ii) completes and executes all questionnaires, appropriate and limited powers
of attorney, escrow agreements, indemnities, underwriting agreements and other
documents reasonably required under the terms of such underwriting arrangement;
provided, that all such documents shall be consistent with the provisions of
Section 4 hereof.

     7. Counterparts. This Agreement may be executed in one or more
counterparts, all of which shall be considered one and the same agreement and
shall become effective when one or more counterparts have been signed by each of
the parties and delivered to the other party, it being understood that all
parties need not sign the same counterpart.

     8. Entire Agreement . This Agreement and the documents and instruments and
other agreements among the parties hereto as contemplated by or referred to
herein, (a) constitute the entire agreement among the parties with respect to
the subject matter hereof and supersede all prior agreements and understandings,
both written and oral, among the parties with respect to the subject matter
hereof and (b) are not intended to confer upon any other person any rights or
remedies hereunder, except as set forth herein.

     9. Severability . In the event that any provision of this Agreement or the
application thereof, becomes or is declared by a court of competent jurisdiction
to be illegal, void or unenforceable, the remainder of this Agreement will
continue in full force and effect and the application of such provision to other
persons or circumstances will be interpreted so as reasonably to effect the
intent of the parties hereto. The parties further agree to replace such void or
unenforceable provision of this Agreement with a valid and enforceable provision
that will achieve, to the extent possible, the economic, business and other
purposes of such void or unenforceable provision.

     10. Governing Law . This Agreement shall be governed by and construed in
accordance with the laws of the State of New York, regardless of the laws that
might otherwise govern under applicable principles of conflicts of law thereof.
Each of the parties hereto irrevocably consents to the exclusive jurisdiction of
any state or federal court within the State of New York, in connection with any
matter based upon or arising out of this Agreement or the matters contemplated
herein, agrees that process may be served upon them in any manner authorized by
the laws of the State of New York for such persons and waives and covenants not
to assert or plead any objection which they might otherwise have to such
jurisdiction and such process.

                                      -12-
<PAGE>

     11. Rules of Construction . The parties hereto agree that they have been
represented by counsel during the negotiation and execution of this Agreement
and, therefore, waive the application of any law, regulation, holding or rule of
construction providing that ambiguities in an agreement or other document will
be construed against the party drafting such agreement or document.

     12. Assignment . No party may assign either this Agreement or any of its
rights, interests, or obligations hereunder without the prior written approval
of the other parties.

     13. Amendments and Waivers. Except as otherwise provided herein, the
provisions of this Agreement may not be amended, modified or supplemented
without the written consent of each of the parties hereto. Any of the
Stockholders or the Company may, by written notice to the others, (i) waive any
of the conditions to its obligations hereunder or extend the time for the
performance of any of the obligations or actions of the other, (ii) waive any
inaccuracies in the representations of the other contained in this Agreement or
in any documents delivered pursuant to this Agreement, (iii) waive compliance
with any of the covenants of the other contained in this Agreement and (iv)
waive or modify performance of any of the obligations of the other. No action
taken pursuant to this Agreement, including, without limitation, any
investigation by or on behalf of any party, shall be deemed to constitute a
waiver by the party taking such action or compliance with any representation,
warranty, condition or agreement contained herein. Waiver of the breach of any
one or more provisions of this Agreement shall not be deemed or construed to be
a waiver of other breaches or subsequent breaches of the same provisions.

     14. Notices. All notices, demands, requests, demands and other
communications required or otherwise given under this Agreement shall be in
writing and shall be deemed to have been duly given if: (a) delivered by hand
against written receipt therefor, (b) forwarded by a third party company or
governmental entity providing delivery services in the ordinary course of
business which guarantees delivery the following business day, (c) mailed by
registered or certified mail, return receipt requested, postage prepaid, or (d)
transmitted by facsimile transmission electronically confirmed for receipt, in
full, by the other party no later than 5:00 p.m., local time, on the date of
transmission, addressed as follows (i) If to the Company, to Vizacom Inc.,
Glenpointe Center East 300 Frank W. Burr Boulevard, Teaneck, New Jersey 07666;
Attention: President; Facsimile: (201) 928-1003: with a copy to: Kaufman &
Moomjian, LLC; 50 Charles Lindbergh Boulevard - Suite 206; Mitchel Field, New
York 11553; Attention: Neil M. Kaufman, Esq.; Facsimile: (516) 222-5110 and (ii)
if to the Stockholders, to the respective address set forth on the signature
pages hereof, with a copy to Finers Stephens Innocent; Attention: Peter Jay;
Facsimile: 44 (0) 207-323-4000, or (iii) in the case of any of the parties
hereto, at such other address as such party shall have furnished to each of the
other parties hereto in accordance with this Section 14. Each such notice,
demand, request or other communication shall be deemed given (i) on the date of
such delivery by hand, (ii) on the first business day following the date of such
delivery to the overnight delivery service or facsimile transmission or (iii)
three business days following such mailing.

                                      -13-
<PAGE>

     15. Other Remedies. Except as otherwise provided herein, any and all
remedies herein expressly conferred upon a party will be deemed cumulative with
and not exclusive of any other remedy conferred hereby, or by law or equity upon
such party, and the exercise by a party of any one remedy will not preclude the
exercise of any other remedy.

     16. Further Assurances. Each party hereto covenants and agrees with all
other parties hereto to promptly execute, deliver, file and/or record such
agreements, instruments, certificates and other documents and to do and perform
such other and further acts and things as any other party hereto may reasonably
request or as may otherwise be necessary or proper to consummate and perfect the
transactions contemplated hereby.

                                      -14-

<PAGE>

     IN WITNESS  WHEREOF,  the parties  hereto have caused this  Agreement to be
signed by themselves or their duly authorized respective officers, all as of the
date first written above.

                                   VIZACOM INC.

                                   By:       /s/ Mark E. Leininger
                                       --------------------------------
                                   Mark E. Leininger
                                   President

                                   STOCKHOLDERS

                                            /s/ AR Simpson
                                   ------------------------------------
                                   A R Simpson
                                   Address:

                                            /s/ DJL Price
                                   ------------------------------------
                                   D J L Price
                                   Address:

                                            /s/ DL Street
                                   ------------------------------------
                                   D L Street
                                   Address:

                                            /s/ HM Brown
                                   ------------------------------------
                                   H M Brown
                                   Address:

                                           /s/ ICM McCalla
                                   ------------------------------------
                                   I C M McCalla
                                   Address:

                                      -15-
<PAGE>

                                           /s/ IG Wiper
                                   ------------------------------------
                                   I G Wiper
                                   Address:

                                           /s/ JL Harris
                                   ------------------------------------
                                   J L Harris
                                   Address:

                                           /s/ L Fenlon
                                   ------------------------------------
                                   L Fenlon
                                   Address:

                                           /s/ PJ Simpson
                                   ------------------------------------
                                   P J Simpson
                                   Address:

                                           /s/ SM Lloyd
                                   ------------------------------------
                                   S M Lloyd
                                   Address:

                                   COURT SERVICES LIMITED

                                   By:     /s/ GAC Jones   /s/ NG Scott
                                       --------------------------------
                                       Name:
                                       Title:

                                      -16-EMPLOYMENT AGREEMENT

AGREEMENT  made as of the 9th day of  March,  2000 by and  between  Junction  15
Limited whose  registered  office is at 37 Warren Street,  London,  W1P 5PD (the
"Company")  and  Ian  Charles  Norris  McCalla,  an  individual  residing  at 57
Streathbourne Road, London, SW17 8RA (hereinafter called the "Employee").

                              W I T N E S S E T H:

WHEREAS, this Agreement is intended to supersede and replace all prior
agreements, understandings and arrangements between or among the Company and the
Employee relating to the employment of the Employee.

NOW, THEREFORE, it is agreed as follows:

     1.   Retention of Services. The Company hereby retains the services of
Employee, and Employee agrees to furnish such services, upon the terms and
conditions hereinafter set forth.

     2.   Term. Subject to earlier termination on the terms and conditions
hereinafter provided, and further subject to certain provisions hereof which
survive the term hereof, the term of this Agreement shall be comprised of a
three (3) year period of employment commencing on the date hereof.

     3.   Duties and Extent of Services During Period of Employment.

          (a)  During  the term of  employment,  Employee  shall be employed  as
Managing Director of the Company or in such other equivalent executive positions
with the Company and/or its associated companies, which shall mean Vizacom Inc.
("Vizacom") being the Company's holding company and any company which is for the
time being a subsidiary of Vizacom ("Associated Companies" and each an
"Associated Company"), as may be determined by the Board of Directors of Vizacom
("the Board"). In such capacity, Employee agrees that he shall devote his full
time business efforts to serving the Company and Associated Companies under the
direction of the Board shall perform all duties incident to his position on
behalf of the Company to the best of his ability and shall perform such other
duties as may from time to time be assigned to him by the Board.

          (b)  The Company and Employee agree that  Employee  shall  perform his
basic responsibilities and duties hereunder at the offices for the time being of
the Company in Greater London or elsewhere in the United Kingdom as the Company
and the Employee may agree; subject, however, to the travel requirements of his
position.

     4.  Remuneration.  During  the  period  of  employment,  Employee  shall be
entitled to receive the following compensation for his services:

<PAGE>

          (a)  The Company shall pay to Employee a salary at an initial  rate of
BP90,000 per annum for the first year commencing on the date hereof increasing
to BP100,000 per annum for the second and third years commencing on the first
anniversary of such date, payable in equal bi-weekly installments or in such
other manner as shall be consistent with the Company's payroll practices.

          (b)  (i) In addition to the salary  provided in clause (a) above,  not
later than one hundred twenty (120) days after the end of each fiscal year or
part thereof of the Company, the Company shall pay to Employee, as incentive
compensation, with respect to each fiscal year during the Term of this Agreement
the first such year beginning on 1 January 2000, a bonus which shall be payable
so long as the Employee remains employed by the Company.

          The amount of the bonus shall be  calculated  as a  proportion  of the
Employee's salary for the time being hereunder ("Salary" ) according to the
extent to which the Company achieves the annual targets for Gross Profit of the
Base Business as set out in the business plans to be agreed between the Employee
and the Board (and as reviewed by agreement of the parties on any acquisition or
other addition to the Base Business or otherwise from time to time) on the
following basis:

     % of Gross Profit achieved                        Bonus as % of Salary
     --------------------------                        --------------------

               60                                               5
               75                                               10
               90                                               15
               100                                              20
               over 100                              1/2% for each 1% over 100

               (ii) For purposes of this Paragraph 4(b),

                    (A)  "Base Business" shall mean the business conducted by
the Company, including any company, entity or other business acquired by or
merged or combined with the Company which carries on effectively the same
business;

                    (B)  "Net  Revenues"  shall mean the net revenues of the
Base Business, net of returns, discounts and allowances, as computed in
accordance with generally accepted accounting principles in the United States
consistently applied with the accounting principles of the Company ("GAAP"),
but not including any amortization of goodwill;

                    (C)  Gross Profit shall mean Net Revenues  less cost of
goods sold or cost of sales computed as follows:

                                      -2-

<PAGE>

                         (I)   The following items shall be included in the cost
of goods sold or cost of sales:

(1)  all  salaries, consulting  fees  and  other  compensation  paid to  website
development and other employees and consultants which provide the services or
produce the products of the Base Business; and

(2)  all direct expenses which are properly considered part of cost of goods
sold or cost of sales under GAAP.

                         (II) The following items shall be excluded from cost of
goods sold or cost of sales:

(1)  any management fee payable by Junction to the Company;

(2)  any allocation of corporate overhead of the Company to Junction;

(3)  any extraordinary items.

                    (D)  The Company shall have sole  authority and control over
the conduct of the Base Business, including without limitation, all decisions
relating to customers and accounts to be solicited, pricing and marketing
programs. In addition, the Company, in its sole discretion, may determine:

(1)  to acquire the stock or assets or any other businesses or to otherwise
enter new  businesses  or  to  consolidate   operations  with  the  Company
or  other subsidiaries of the Company in common facilities, or

(2)  to terminate or sell the Base Business or any other business of Junction.

                    (E)  The Company shall maintain separate  accounting records
for the Base Business sufficient to compute the bonus set forth above.

               (iii) The  Company  agrees to furnish  to  Employee a copy of
the Base Business' financial statements not later than one hundred twenty (120)
days after  the end of  each  fiscal  year of the  Company  during  the  term of
this Agreement,  together with a notice  containing the  computation of the
bonus set forth above (the "Bonus  Notice").  If the Employee does not agree
in good faith with the  calculation  of the bonus set forth in the Bonus Notice,
the Employee shall  deliver a notice ("the Dispute  Notice") to the Company
setting forth in detail the nature and extent of such disagreement  within 30
days after the date of the Bonus Notice.  If the Company and the Employee fail
to agree with respect thereto within 30 days after receipt by the Company of the
Dispute  Notice,  the dispute  shall  be  referred  to  a  national  firm  of
independent   chartered accountants  to be designated  by the Company  (which
shall not be the Company's regular

                                      -3-

<PAGE>

chartered accountant), subject to being reasonably acceptable to the
Employee (the "Independent Accountants"), for resolution within 30 days after
the referral of such dispute to the Independent Accountants. Each of the Company
and the Employee shall bear their own expenses with respect to any such dispute,
and each of the Company and the Employee shall bear one-half of the expenses of
the Independent Accountants in connection therewith.

               (iv) In the  event  that  any  company,  entity  or  business  is
acquired by or merged or combined with the Company at any time during the term
of this Agreement, the percentages set forth in paragraph (i) above shall be
reduced by multiplying such percentages by a fraction the numerator of which
shall be the Net Revenues of the Company for the fiscal year immediately
preceding such event, and the denominator of which shall be an amount equal to
the sum of the numerator and the net revenues (computed on the same basis as is
set forth in paragraph (ii) above) for any such company, entity or business that
is acquired by or merged or combined with Junction.

               In the  event  that  this  Agreement  is  terminated  other  than
pursuant to Section 9(a), the Employee shall be entitled to receive the amount
which would be payable under this clause (b) for each fiscal quarter of any
fiscal year prior to the date of such termination.

     5.   Employee Benefits; Expenses.

          (a)  During the term of this Agreement,  the Company  shall provide to
the Employee and his family the right to participate in the Company's then
existing medical and dental insurance and other employee benefit plans and
policies on the same terms as are then generally available to the Company's
executive and managerial employees.

          (b)  Employee shall be entitled to paid  vacation each year during the
term of this Agreement at the rate of twenty (20) days per annum. Vacation shall
be taken each year and, if not taken, shall be carried over for one (1) year
and, if not taken during such carry-over period, shall be forfeited.

          (c)  The Corporation shall reimburse Employee, in accordance with the
practice followed from time to time for other executive and managerial officers
of the Company, for all reasonable and necessary business and traveling
expenses, and other disbursements incurred by Employee for or on behalf of the
Corporation in the performance of Employee's duties hereunder, upon presentation
by Employee to the Company of an appropriate accounting or documentation of
such.

          (d)  During the term of this Agreement, the Company shall make
employer contributions  to the Company's Group Personal Pension Plan operated by
Scottish Mutual the greater of 10% of salary pursuant to clause 4(a) or on the
same terms as are then generally available to Vizacom's executive and managerial
employees.

                                      -4-
<PAGE>

     6.   Disability. If Employee, during the period of employment, becomes
unable for any 90  consecutive  days in any  twelve-month  period  due to ill
health or other  physical or mental  incapacity,  to perform his services
hereunder,  the Company may thereafter, upon at least 60 days' written notice to
Employee, place Employee on disability status. After such action by the Company,
Employee shall no longer be entitled to receive any  compensation  hereunder
until the Employee returns to full-time status.

     7.   Confidential Information.

          (a)  In the course of Employee's employment  by the Company,  Employee
will have access to and possession of valuable and important confidential or
proprietary data or information of the Company and its operations. Employee will
not during Employee's employment by the Company or at any time for a period of
five (5) years thereafter divulge or communicate to any person nor shall
Employee direct any employee, representative or agent of the Company or its
affiliates to divulge or communicate to any person or entity (other than to a
person or entity bound by confidentiality obligations similar to those contained
herein and other than as necessary in performing Employee's duties hereunder) or
use to the detriment of the Company or for the benefit of any other person or
entity, including without limitation any competitor, supplier, licensor,
licensee or customer of the Company , any of such confidential or proprietary
data or information or make or remove any copies thereof, whether or not marked
or otherwise identified as "confidential" or "secret." Employee shall take all
reasonable precautions in handling the confidential or proprietary data or
information within the Company to a strict need-to-know basis and shall comply
with any and all security systems and measures adopted from time to time by the
Company to protect the confidentiality of confidential or proprietary data or
information.

          (b)  The term  "confidential  or proprietary data or information" as
used in this Agreement  shall mean  information  not generally  available to the
public, including, without limitation, all database information,  personnel
information, financial   information,   customer  lists,   account  lists  or
other  account information,  names,  telephone  numbers or  addresses,  supplier
lists,  trade secrets,  patented or  proprietary  information,  forms,
information  regarding products, operations,  systems, methods, financing,
services, know how, computer and any other processed or collated data, computer
programs, pricing, marketing, media and advertising data.

          (c)  Employee  will at all times  promptly  disclose to the Company in
such form and manner as the Company may reasonably require, any inventions,
improvements or procedural or methodological innovations, including without
limitation relating to programs, methods, forms, systems, services, designs,
marketing ideas, products or processes (whether or not capable of being
trademarked, copyrighted or patented) conceived or developed or created by
Employee during or in connection with Employee's employment hereunder and which
relate to the business of the Company ("Intellectual Property"). Employee agrees
that all such Intellectual Property shall be the sole property of the Company.
Employee further agrees that Employee will execute such instruments and perform
such acts as may reasonably be requested by the Company

                                      -5-

<PAGE>

to transfer to and perfect in the Company all legally protectable rights in
such Intellectual Property.

          (d) All  written  materials,  books,  records  and  documents  made by
Employee or coming into Employee's possession during Employee's employment by
the Company concerning any products, processes or equipment manufactured, used,
developed, investigated, purchased, sold or considered by the Company or
otherwise concerning the business or affairs of the Company, including without
limitation any files, customer records such as names, telephone numbers and
addresses, lists, firm records, brochures and literature, shall be the sole
property of the Company, shall not be removed from the Company's premises by the
Employee, and upon termination of Employee's employment by the Company, or upon
request of the Company during Employee' s employment by the Company, Employee
shall promptly deliver the same to the Company. In addition, upon termination of
Employee's employment by the Company, Employee will deliver to the Company all
other Company property in Employee's possession or under Employee's control,
including, but not limited to, financial statements, marketing and sales data,
customer and supplier lists, account lists and other account information,
database information and other documents, and any Company credit cards.

          (e) The Employee acknowledges that the covenants contained in this
Section 7 are fair and reasonable in order to protect the Company's business and
were a material and necessary inducement for the Company to agree to the terms
of this Agreement. The Employee further acknowledges that any remedy at law for
any breach or threatened or attempted breach of the covenants contained in this
Section 7 may be inadequate and that the violation of any of the covenants
contained in this Section 7 will cause irreparable and continuing damage to the
Company. Accordingly, the Company shall be entitled to specific performance or
any other mode of injunctive and/or other equitable relief to enforce its rights
hereunder, including without limitation an order restraining any further
violation of such covenants, or any other relief a court might award, without
the necessity of showing any actual damage or irreparable harm or the posting of
any bond or furnishing of other security, and that such injunctive relief shall
be cumulative and in addition to any other rights or remedies to which the
Company may be entitled. The covenants in this Section 7 shall run in favor of
the Company and its successors and assigns. In addition, the Employee agrees to
pay the Company the costs it incurs, including reasonable attorneys' fees and
expenses, in bringing and prosecuting any proceeding to enforce the terms of
this Agreement.

          (f) The provisions of this Section 7 shall survive the termination of
this Employment Agreement.

     8.   Non-Competition.

          (a) During the term of this Agreement and for one year thereafter (the
"Restricted Period"), the Employee shall not, without the written consent of the
Company, directly or indirectly,

                                      -6-
<PAGE>

               (i) become  engaged,  concerned or interested in, render services
to, invest in, represent, advise or otherwise participate in as an officer,
employee, director, stockholder, partner, promoter, agent of, consultant for or
otherwise, any business which is conducted in any of the jurisdictions in which
the Company's other business is conducted and which is competitive with the
business conducted by the Company or any business of an Associated Company in
which Employee materially participated, including without limitation the design,
development or implementation of Internet web sites, applications, strategies,
integration, intranets, extranets or customer service; provided, that this
Section 8(a)(i) shall not prohibit the Employee from purchasing or owning as a
passive investment up to three percent (3%) of the outstanding capital stock of
a company which is listed or authorized for trading on any recognised securities
exchange, Nasdaq or the OTC Electronic Bulletin Board as amended;

               (ii) for the Employee's own account or for the account of any
other person or entity (A) interfere with the relationship of the Company or any
of the Associated Companies in which the Employee is materially involved with
any of their respective suppliers, customers, accounts, brokers, representatives
or agents or (B) contact, telephone, meet, solicit or transact any business with
any customer, account or supplier of the Company who or which transacts or has
transacted business with the Company at any time during the term of this
Agreement or such customer, account or supplier of an Associated Company with
whom the Employee has had any material contact or dealings; or

               (iii) employ or otherwise engage, or solicit, entice or induce on
behalf of the Employee or any other person or entity, the services, retention or
employment of any person who has been an employee, principal, partner,
stockholder, sales representative, trainee, consultant to or agent of the
Company within one year of the date of such offer or solicitation.

          (b) Nothing herein  contained  shall be construed as  prohibiting  the
Company from pursuing any other remedies available to it for such violation,
including but not limited to any injunctive or other equitable relief or the
recovery of damages from the Employee.

          (c) The Employee acknowledges that the covenants contained in this
Section 8 are fair and reasonable in order to protect the Company's business and
the business of the Associated Companies and were a material and necessary
inducement for the Company to agree to the terms of this Agreement. The Employee
further acknowledges that any remedy at law for any breach or threatened or
attempted breach of the covenants contained in this Section 8 may be inadequate
and that the violation of any of the covenants contained in this Section 8 will
cause irreparable and continuing damage to the Company. Accordingly, the Company
shall be entitled to specific performance or any other mode of injunctive and/or
other equitable relief to enforce its rights hereunder, including without
limitation an order restraining any further violation of such covenants, or any
other relief a court might award, without the necessity of showing any actual
damage or irreparable harm or the posting of any bond or furnishing of other
security, and that such injunctive relief shall be cumulative and in addition to
any other rights or remedies to which the Company may be entitled. The covenants
in this Section 8 shall run in favor of the

                                      -7-
<PAGE>

Company and its successors and assigns. In addition, the Employee agrees to
pay the Company the costs it incurs, including reasonable attorneys' fees and
expenses, in bringing and prosecuting any proceeding to enforce the terms of
this Agreement.

          (d) In case any one or more of the terms or provisions contained in
this Section 8 shall for any reason be held invalid, illegal or unenforceable,
such invalidity, illegality or unenforceability shall not affect any other terms
or provisions hereof, but such term or provision shall be deemed modified or
deleted as or to the extent required by applicable law, and such modification or
deletion shall not affect the validity of the other terms or provisions of this
Section 8. In addition, if any one or more of the restrictions contained in this
Section 8 shall for any reason be held to be unreasonable with regard to time,
duration, geographic scope or activity, the parties contemplate and hereby agree
that such restriction shall be modified and shall be enforced to the full extent
compatible with applicable law. The parties hereto intend that the covenants
contained in this Section 8 shall be deemed a series of separate covenants for
each country, state, county and city. If, in any judicial proceeding, a court
shall refuse to enforce all the separate covenants deemed included in this
Section 8 because, taken together, they cover too extensive a geographic area,
the parties intend that those of such covenants (taken in order of the cities,
counties, states and countries therein which are lease populous) which if
eliminated would permit the remaining separate covenants to be enforced in such
proceeding shall, for the purpose of such proceeding, be deemed eliminated from
the provisions of this Section 8.

          (e) The provisions of this Section 8 shall survive the  termination of
this Employment Agreement.

     9.   Termination.

          (a) The Company may terminate the Employee's  services  hereunder "for
cause" by delivering to Employee not less than ten (10) days prior to the date
on which the termination is to be effective, a written notice of termination for
cause specifying the act, acts or failure to act that constitute the cause. For
the purposes of this agreement, "for cause" shall mean; (i) any act of
dishonesty, fraud or embezzlement materially adversely affecting the financial,
market, reputation or other interests of the Company, or any affiliate thereof,
(ii) in the event that the Company places Employee on disability status pursuant
to Section 6 hereof more than once during the term hereof, (iii) in the event of
a conviction of the Employee for any felony or other serious crime materially
adversely affecting the Company, or any knowing violation of any English or
United States federal or state securities law or regulation, (iv) repeated
failure to perform Employee's duties hereunder after notice and thirty (30) days
to cure such failure, (v) any material breach by the Employee of this Agreement
after notice and thirty (30) days to cure such failure, or (vi) the death of the
Employee.

          (b) If the Company terminates  Employee's employment hereunder for any
reason other than "for cause" as set forth in Section 9(a) hereof, (i) the
Company shall pay to the Employee compensation pursuant to Sections 4(a) and
4(b) (and for these purposes the Net

                                      -8-
<PAGE>

Revenues of the Base Business with respect to each remaining fiscal year
during the term of this Agreement shall be deemed to be equal to 120% of such
Net Revenues for each immediately preceding fiscal year) hereof at the time and
in the manner provided for herein and (ii) the obligations of the Employee
pursuant to Section 8 of this Agreement shall terminate, and no other
compensation payable hereunder shall be payable to the Employee. If the Company
terminates Employee's employment hereunder "for cause" as set forth in Section
9(a) hereof, Employee shall not be entitled to receive any further compensation
hereunder. Employee and the Company acknowledge that the foregoing provisions of
this paragraph 9(b) are reasonable and are based upon the facts and
circumstances of the parties at the time of entering into this Agreement, and
with due regard to future expectations.

          (c) The Employee may  terminate  this  Agreement  with effect from the
second anniversary of the date hereof subject to giving to the Company not less
than one hundred and eighty (180) days prior to the date on which the
termination is to be effective, a written notice of termination. The provisions
of Sections 4(a) and 4(b) shall continue unaffected up to the date of
termination.

     10.  Notices.  Any  notice to be given to the  Company  hereunder  shall be
deemed sufficient if addressed to the Company in writing and delivered or mailed
by certified or registered mail to it at Glenpointe Center East, 300 Frank W.
Burr Boulevard, Box 18, 7th Floor, Teaneck, New Jersey 07666, Attention:
President, or to such other address as the Company may hereafter designate, and
a copy to Neil M. Kaufman, Esq., Kaufman & Moomjian, LLC, 50 Charles Lindbergh
Boulevard, Suite 206, Mitchel Field, New York 11553. Any notice to be given to
Employee hereunder shall be delivered or mailed by certified or registered mail
to Employee at the address set forth at the head of this Agreement or such other
address as he may hereafter designate.

     11. Successors and Assigns; Third Party Beneficiaries. This Agreement shall
be binding upon and inure to the benefit of the successors and assigns of the
Company, and unless clearly inapplicable, all references herein to the Company
shall be deemed to include any such successor. In addition, this Agreement shall
be binding upon and inure to the benefit of the Employee and his heirs,
executors, legal representatives and assigns; provided, however, that the
obligations of Employee hereunder may not be delegated without the prior written
approval of the Board of Directors of the Company. In the event of any
consolidation or merger of the Company into or with any other corporation during
the term of this Agreement, or the sale of all or substantially all of the
assets of the Company to another corporation, person or entity during the term
of this Agreement, such successor corporation shall assume this Agreement and
become obligated to perform all of the terms and provisions hereof applicable to
the Company, and Employee's obligations hereunder shall continue in favor of
such successor corporation.

     12.  Amendments.  This Agreement may not be altered,  modified,  amended or
terminated except by a written instrument signed by each of the parties hereto.

                                      -9-
<PAGE>

     13.  Prior  Agreements  Superseded.  This  Agreement  contains  the  entire
agreement of the parties relating to the subject matter hereof and supersedes
any other agreements, oral or written, entered into between Employee and the
Company prior to the date of this Agreement relating thereto.

     14.  Applicable  Law. This  Agreement  shall be governed by,  construed and
enforced in accordance with the laws of the England and Wales, without regard to
conflicts of laws.

     15.  Severability.  If any provision of this  Agreement  shall be held by a
court of competent jurisdiction to be contrary to law or public policy, the
remaining provisions shall remain in full force and effect.

     16.  Waiver.  No term or  provision  hereof  shall be deemed  waived and no
breach consented to or excused, unless such waiver, consent or excuse shall be
in writing and signed by the party claimed to have waived, consented or excused.
A consent, waiver or excuse of any breach shall not constitute a consent to,
waiver or, or excuse of any other or subsequent breach whether or not of the
same kind of the original breach.

     17.   Counterparts.   This  Agreement  may  be  executed  in  two  or  more
counterparts, all of which taken together shall constitute one and the same
agreement.

     18.  Acknowledgment.  Employee acknowledges that he has carefully read this
Agreement, has had an opportunity to consult counsel regarding this Agreement
and hereby represents and warrants to the Company that Employee's entering into
this Agreement, and the obligations and duties undertaken by Employee hereunder,
will not conflict with, constitute a breach of or otherwise violate the terms of
any other agreement to which Employee is a party and that Employee is not
required to obtain the consent of any person, firm, corporation or other entity
in order to enter into and perform his obligations under this Agreement.

     19.  Schedule.  The  provisions  of the  Schedule  (which form part of this
Agreement) set out certain particulars of employment required to be given for
the purposes of the Employment Rights Act 1996.

                                      -10-

<PAGE>

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

SIGNED by                          )         /s/ Mark E. Leininger
on behalf of JUNCTION 15 LIMITED   )
in the presence of:                )

Witness signature:                           /s/

Name:

Address:

Occupation:

SIGNED by the said                 )         /s/ Ian Charles Norris McCalla
IAN CHARLES NORRIS MCCALLA         )
in the presence of:                )

Witness signature:                           /s/-

Name:
Address:

Occupation:

                                      -11-
<PAGE>

                                  THE SCHEDULE

In accordance with the Employment Rights Act 1996, the following terms of the
Employee's employment are hereby stated to apply on the date of execution of
this Agreement:

(a)  Commencement of employment
     --------------------------

     May 1999                   . No  employment with a previous employer counts
as part of the Employee's continuous period of employment.

(b)  Hours of work
     -------------

     See Section 3.  There are no fixed hours of work.

(c)  Holidays
     --------

See Section 5. If the appointment terminates during the course of the
holiday year the Employee will be entitled in respect of accrued holiday pay to
a sum equal to that proportion of 20 days' remuneration which the number of
complete calendar months he has worked during that year bears to twelve less one
day's salary for each day's holiday taken during that year. If this calculation
produces a negative amount a sum equal to that amount will be deduced from the
Employee's final salary payment.

(d)  Pension
     -------

     A contracting  out certificate is not in force in respect of the Employee's
employment.

(e)  Disciplinary Procedure
     ----------------------

1.   All disciplinary procedures will take place in a private location and will
be completely confidential.

2.   If  Employee's  conduct or  performance  does not meet acceptable standards
following informal warnings Employee may be given a formal verbal warning.

3.   If the  offence is more  serious or if there is no  improvement  following
a verbal warning Employee may be given a written warning.

4.   If there is no improvement following a final written warning, Employee may
be dismissed.

                                      -12-
<PAGE>

5.   In the event of allegations of gross misconduct  Employee may be suspended
on pay so that the Company can investigate the circumstances. Gross misconduct
will normally result in dismissal,  although, in exceptional  circumstances
Employee may be suspended without pay for up to 5 days and given a final
warning.

6.   The  sorts of  offence  that the  Company  considers  to be gross
misconduct include  theft,  fraud,  failure to follow  company  procedure  for
dealing with customers  and  customer  records,   being  under  the  influence
of  drink  or non-prescribed  drugs while at work,  fighting and physical
assault,  refusal to carry out a reasonable  instruction from your manager or
supervisor,  smoking in no smoking areas, racial or sexual harassment,  serious
negligence  resulting in unacceptable  loss or risk of  injury,  falsification
or misuse of time  cards, non-attendance at work without  reasonable  excuse.
This list is for Employee's guidance and is not exhaustive.

(f)  Appeals Procedure
     -----------------

     Appeals against disciplinary action should be made within 5 days to the
Board (or controller on his/her absence), in writing. The Board will conduct a
further hearing before giving a decision, which will be final.

(g)  Grievance Procedure
     -------------------

1.   The aim of the  grievance  procedure  is to  provide an open and fair way
for Employee  to make known  Employee's  complaints,  and to have  these
complaints considered fairly and objectively by the Company.

2.   Issues should first be raised informally with Employee's supervisor. If
there is no agreement at this stage it should then be raised with Employee's
manager.

3.   Employee's  manager  will  arrange a meeting  and make a  decision  within
7 working days, holidays permitting. This decision will be final.

4.   At this second stage  Employee may be  accompanied by a colleague if
Employee wishes.

(h)  Collective Agreement
     -------------------

     There is no collective agreement applicable to the Employee's employment.

                                       13

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