Document:

EXHIBIT 10.3

                              EMPLOYMENT AGREEMENT

         AGREEMENT made this 1st day of January 1, 2000 by and between Webb
Mortgage Depot, Inc. (hereinafter referred to as the "Corporation"), and Byron
J. Webb (hereinafter referred to as "Webb").

         FOR VALUE RECEIVED, the parties hereto agree as follows:

         1. Employment. Subject to the terms and conditions hereof, the
Corporation agrees to employ Webb and Webb accepts employment by the Corporation
commencing March 1, 2000 and ending December 31, 2003 or on the Effective Date
of Termination (as determined in Paragraph 4 below), whichever shall be earlier.

         2. Duties. During the period of his employment Webb shall serve as
Chief Executive Officer and shall serve as a member of the Board of Directors.
Webb will oversee all of the company's operations. While he is so employed Webb
shall devote his full business time, energy and attention to his duties
hereunder.

         3. Compensation. For his services hereunder, the Corporation will pay
the following compensation to Webb:

                  a. Salary. Webb will receive a salary of $135,000 per year
with annual increases of 10%. Payments shall be made biweekly.

                  b. Commission & Bonus. In addition to his salary, Webb will
receive a commission based on the gross commission revenues of the Corporation.
Webb's commission will equal 1% of the gross commission revenues and will be
paid biweekly, in the event the company's revenues grew over 15% from the
previous year, Webb would receive an additional bonus equal to 0.5% of the gross
commission revenues, which would be paid at year-end. Webb is also entitled to a
bonus of 3% of the pre-tax profits of the Corporation, paid at year-end.

                  c. Options. Webb may receive stock options to acquire a total
of 1,000,000 shares of common stock at an exercise price of $3.00 per share or
15% below the 52-week trading average, contingent upon the company achieving the
following revenue milestones:

FYE                    2000          2001        2002        2003       2004
                    ---------     ---------   ---------   ---------   ---------
Comm. Rev.          1,900,000     2,700,000   4,000,000   5,500,000   7,500,000
Number of Options     200,000       200,000     200,000     200,000     200,000

                  Beginning with FY2000 and at each of the following four
year-ends thereafter, 200,000 options will become exercisable if the company
attains the above forecasted loan originations. For any year after FY2000 it
which the company attains the above forecasted commission revenues, any options
eligible for vesting prior to that period will also become exercisable. If all
options could have been exercised in full, or in the event of merger, takeover,
acquisition or other strategic proposed business combination, Mr. Webb will be
granted an additional 500,000 options to purchase 500,000 shares of common stock
for the lesser of $4.00 per share or 15% below the market value of the shares of
common stock.

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                  d. Benefits. Webb will be eligible to participate in all
benefit programs of the Corporation that are in effect for its personnel from
time to time.

                  c. Expenses. Webb will be reimbursed for all reasonable
business expenses incurred on behalf of Corporation while performing his duties,
including but not limited to reimbursement for travel, food and lodging for his
required trips to Puerto Rico.

         4. Termination of Employment. Upon termination of Webb's employment
hereunder for any reason other than death, physical or mental incapacity, fraud,
criminal acts, voluntary termination, breach of any provision of this agreement
or neglect of his duties, Webb will be entitled to continue to receive
compensation for a six-month period equivalent to what his salary would be for
that period.

         5. Covenant not to Compete. During the period commencing on the date
hereof and ending one (1) year after the termination of Webb's employment for
any reason, Webb shall not directly or indirectly, except as a passive investor
in publicly held companies and except for investments held at the date hereof,
engage in or own or control any interest in or act as director, officer or
employee of or consultant to any firm or corporation directly or indirectly
engaged (as these terms may be reasonably construed) in a business (i)
substantially similar to that of the Corporation or (ii) in competition with
Corporation,

         The business of the Corporation shall be defined as the marketing of
financial services products via point of sale kiosks in automotive service
centers.

         Webb hereby acknowledges that the remedy at law for any breach of the
foregoing covenants will be inadequate and that the Corporation shall, in
addition to whatever other remedies it may have, be entitled to proper
injunctive relief.

         6. Intellectual Property. Webb covenants and agrees that all right,
title and interest in any Information (hereinafter defined) is, shall be and
shall remain the exclusive property of the Corporation, provided, however, that
the foregoing shall not apply to any invention for which no equipment, supplies,
facility or information of the Corporation was used which was developed entirely
on Webb's own time and which does not (i) relate to the business of the
Corporation, (ii) relate to the Corporation's actual or demonstrably anticipated
research or development, or (iii) result from any work performed by Webb for the
Corporation. Webb agrees immediately to disclose to the Corporation all
information developed in whole or in part by Webb during the term of Webb's
employment with the Corporation. Webb hereby assigns to the Corporation any
right, title or interest Webb may have in any and all such Information. If
deemed necessary by the Corporation, Webb agrees to execute any further
instruments and to do all other things reasonably requested. by the Corporation,
both during and after Webb's employment with the Corporation, in order to vest
more fully in the Corporation all ownership rights in those items hereby
transferred by Webb to the Corporation. If any one or more of the items so
described are protected or protectible by copyright and are deemed in any way to
fall within the definition of "work made for hire" as such term is defined in 17
USC Section 101, such work shall be considered a "work made for hire" the
copyright of which is and shall be owned solely, completely and exclusively by
the Corporation. If any one or

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more of the aforementioned items are protected or protectible by copyright and
are not considered to be included in the categories of works covered by the
"work made for hire" definition contained in 17 USC Section 101, such items
shall likewise be deemed to be assigned and transferred completely and
exclusively to the Corporation by virtue of the execution of the Agreement.

         For purposes of the foregoing, the term "Information" shall mean all of
the following materials and information, whether or not reduced to writing and
whether or not patentable or protectible by copyright, which Webb receives,
receives access to, conceives or develops or has received, received access to,
conceived or developed, in whole or in part, directly or indirectly, in
connection with Webb's employment with the Corporation, or in the course of
Webb's employment with the Corporation, immediately after or through the use of
any of the Corporation's facilities or resources:

                  a. Application software which relates to the business of the
Corporation; the physical appearance and architecture of all of the
Corporation's hardware, including software packaging;

                  b. Application, operating system, data base, communications
and other computer Software, whether now or hereafter existing, developed for
use on any operating system, all modifications, enhancements and versions and
all options available with respect thereto, and all future products developed or
derived therefrom;

                  c. Source and object codes, flowcharts, Algorithms, coding
sheets, routines, subroutines, compilers, assemblers, design concepts and
related documentation and manuals;

                  d. Unique production processes, mailing lists, purchasing
data, pricing policies, quoting procedures, financial data, customer and
prospect names and requirements, employee, customer, supplier and distributor
data, and other materials or information relating to the Corporation's business
and activities and the manner in which the Corporation does business;

                  e. Discoveries, concepts and ideas, including, without
limitation, the nature and results of research and development activities,
patents, patent applications, trademarks or service marks or applications
therefor, processes, formulas, inventions, computer related equipment or
technology and techniques;

                  f. Any other materials or information related to the business
or activities of the Corporation which are not generally known to others engaged
in similar business or activities.

         Webb agrees to receive confidential proprietary information of the
Corporation in confidence and not to disclose such information to others except
as authorized by the Corporation. Information shall be deemed to be confidential
and proprietary if not generally known to the public and created by or disclosed
to Webb as a consequence of his employment by the Corporation, whether or not
pursuant to this Agreement.

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         7. Warranties, Representations. Webb hereby warrants, represents,
covenants and agrees as follows; (i) Webb has the full right, power and
authority to grant to and vest in the Corporation all rights herein set forth,
free and clear of any and all claims, rights and obligations whatsoever; are and
shall be new and original and capable of copyright protection. (ii) No software
application that has been or will be developed by Webb shall, either in whole or
in part, be an imitation or copy of, or infringe upon, any other material, or
violate or infringe upon, any common law or statutory rights of any party.

         8. Other Agreement. Webb represents and warrants that the execution and
delivery of this Agreement and the performance of his duties hereunder will not
violate the terms of any other agreements to which he is a party or by which he
is bound.

         9. Miscellaneous. This agreement shall be binding upon and inure to the
benefit of the Corporation, its successors and assigns, and may not be assigned
by Webb. This Agreement contains the entire agreement of the parties and
supersedes all prior agreements relating to the subject matter hereof and may be
changed only by writing signed by the party against whom enforcement of such
change is sought. This agreement shall be governed by and construed in
accordance with the laws of Florida.

         IN WITNESS WHEREOF, the parties hereto have executed this Employment
Agreement as of the date first above written.

                                                     Webb Mortgage Depot, Inc.

                                                     /S/Byron J. Webb
                                                     ---------------------------
                                                     BYRON J. WEBB, Director

                                        4<PAGE>

                                                                     EXHIBIT 4.1

                           CERTIFICATE OF DESIGNATION

                                       OF

                  SERIES A JUNIOR PARTICIPATING PREFERRED STOCK

                         (PURSUANT TO SECTION 151 OF THE

                        DELAWARE GENERAL CORPORATION LAW)

        MOLECULAR DEVICES CORPORATION, a corporation organized and existing
under the General Corporation Law of the State of Delaware (hereinafter called
the "Company"), hereby certifies that the following resolution was adopted by
the Board of Directors of the Corporation as required by Section 151 of the
General Corporation Law at a meeting duly called and held on October 25, 2001:

                RESOLVED, that pursuant to the authority granted to and vested
        in the Board of Directors of the Company in accordance with the
        provisions of its Amended and Restated Certificate of Incorporation, the
        Board of Directors hereby creates a series of Preferred Stock, par value
        $.001 per share, of the Company and hereby states the designation and
        number of shares, and fixes the relative designations and the powers,
        preferences and rights, and the qualifications, limitations and
        restrictions thereof (in addition to the provisions set forth in the
        Certificate of Incorporation of the Company, which are applicable to the
        Preferred Stock of all classes and series), as follows:

Series A Junior Participating Preferred Stock:

        SECTION 1. DESIGNATION AND AMOUNT. Six hundred thousand (600,000) shares
of Preferred Stock, $.001 par value, are designated "Series A Junior
Participating Preferred Stock" with the designations and the powers, preferences
and rights, and the qualifications, limitations and restrictions specified
herein (the "Junior Preferred Stock"). Such number of shares may be increased or
decreased by resolution of the Board of Directors; provided, that no decrease
shall reduce the number of shares of Junior Preferred Stock to a number less
than the number of shares then outstanding plus the number of shares reserved
for issuance upon the exercise of outstanding options, rights or warrants or
upon the conversion of any outstanding securities issued by the Company
convertible into Junior Preferred Stock.

        SECTION 2. DIVIDENDS AND DISTRIBUTIONS.

                (A) Subject to the rights of the holders of any shares of any
series of Preferred Stock (or any similar stock) ranking prior and superior to
the Junior Preferred Stock with respect to dividends, the holders of shares of
Junior Preferred Stock, in preference to the holders of

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<PAGE>

Common Stock, par value $.001 per share (the "Common Stock"), of the Company,
and of any other junior stock, shall be entitled to receive, when, as and if
declared by the Board of Directors out of funds legally available for the
purpose, quarterly dividends payable in cash on the first day of April, July,
October and January in each year (each such date being referred to herein as a
"Quarterly Dividend Payment Date"), commencing on the first Quarterly Dividend
Payment Date after the first issuance of a share or fraction of a share of
Junior Preferred Stock, in an amount per share (rounded to the nearest cent)
equal to the greater of (a) $l.00 or (b) subject to the provision for adjustment
hereinafter set forth, 100 times the aggregate per share amount of all cash
dividends, and 100 times the aggregate per share amount (payable in kind) of all
non-cash dividends or other distributions, other than a dividend payable in
shares of Common Stock or a subdivision of the outstanding shares of Common
Stock (by reclassification or otherwise), declared on the Common Stock since the
immediately preceding Quarterly Dividend Payment Date or, with respect to the
first Quarterly Dividend Payment Date, since the first issuance of any share or
fraction of a share of Junior Preferred Stock. In the event the Company shall at
any time declare or pay any dividend on the Common Stock payable in shares of
Common Stock, or effect a subdivision or combination or consolidation of the
outstanding shares of Common Stock (by reclassification or otherwise than by
payment of a dividend in shares of Common Stock) into a greater or lesser number
of shares of Common Stock, then in each such case the amount to which holders of
shares of Junior Preferred Stock were entitled immediately prior to such event
under clause (b) of the preceding sentence shall be adjusted by multiplying such
amount by a fraction, the numerator of which is the number of shares of Common
Stock outstanding immediately after such event and the denominator of which is
the number of shares of Common Stock that were outstanding immediately prior to
such event.

                (B) The Company shall declare a dividend or distribution on the
Junior Preferred Stock as provided in paragraph (A) of this Section immediately
after it declares a dividend or distribution on the Common Stock (other than a
dividend payable in shares of Common Stock); provided, that in the event no
dividend or distribution shall have been declared on the Common Stock during the
period between any Quarterly Dividend Payment Date and the next subsequent
Quarterly Dividend Payment Date, a dividend of $1.00 per share on the Junior
Preferred Stock shall nevertheless be payable on such subsequent Quarterly
Dividend Payment Date.

                (C) Dividends shall begin to accrue and be cumulative on
outstanding shares of Junior Preferred Stock from the Quarterly Dividend Payment
Date next preceding the date of issue of such shares, unless the date of issue
of such shares is prior to the record date for the first Quarterly Dividend
Payment Date, in which case dividends on such shares shall begin to accrue from
the date of issue of such shares, or unless the date of issue is a Quarterly
Dividend Payment Date or is a date after the record date for the determination
of holders of shares of Junior Preferred Stock entitled to receive a quarterly
dividend and before such Quarterly Dividend Payment Date, in either of which
events such dividends shall begin to accrue and be cumulative from such
Quarterly Dividend Payment Date. Accrued but unpaid dividends shall not bear
interest. Dividends paid on the shares of Junior Preferred Stock in an amount
less than the total amount of such dividends at the time accrued and payable on
such shares shall be allocated pro rata on a share-by-share basis among all such
shares at the time outstanding. The Board of Directors may fix a record date for
the determination of holders of shares of Junior Preferred

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Stock entitled to receive payment of a dividend or distribution declared
thereon, which record date shall be not more than 60 days prior to the date
fixed for the payment thereof.

        SECTION 3. VOTING RIGHTS. The holders of shares of Junior Preferred
Stock shall have the following voting rights:

                (A) Subject to the provision for adjustment hereinafter set
forth, each share of Junior Preferred Stock shall entitle the holder thereof to
100 votes on all matters submitted to a vote of the stockholders of the Company.
In the event the Company shall at any time declare or pay any dividend on the
Common Stock payable in shares of Common Stock, or effect a subdivision or
combination or consolidation of the outstanding shares of Common Stock (by
reclassification or otherwise than by payment of a dividend in shares of Common
Stock) into a greater or lesser number of shares of Common Stock, then in each
such case the number of votes per share to which holders of shares of Junior
Preferred Stock were entitled immediately prior to such event shall be adjusted
by multiplying such number by a fraction, the numerator of which is the number
of shares of Common Stock outstanding immediately after such event and the
denominator of which is the number of shares of Common Stock that were
outstanding immediately prior to such event.

                (B) Except as otherwise provided herein, in any other
Certificate of Designation creating a series of Preferred Stock or any similar
stock, or by law, the holders of shares of Junior Preferred Stock and the
holders of shares of Common Stock and any other capital stock of the Company
having general voting rights shall vote together as one class on all matters
submitted to a vote of stockholders of the Company.

                (C) Except as set forth herein, or as otherwise provided by law,
holders of Junior Preferred Stock shall have no special voting rights and their
consent shall not be required (except to the extent they are entitled to vote
with holders of Common Stock as set forth herein) for taking any corporate
action.

        SECTION 4. CERTAIN RESTRICTIONS.

                (A) Whenever quarterly dividends or other dividends or
distributions payable on the Junior Preferred Stock as provided in Section 2 are
in arrears, thereafter and until all accrued and unpaid dividends and
distributions, whether or not declared, on shares of Junior Preferred Stock
outstanding shall have been paid in full, the Company shall not:

                        (i) declare or pay dividends, or make any other
distributions, on any shares of stock ranking junior (either as to dividends or
upon liquidation, dissolution or winding up) to the Junior Preferred Stock;

                        (ii) declare or pay dividends, or make any other
distributions, on any shares of stock ranking on a parity (either as to
dividends or upon liquidation, dissolution or winding up) with the Junior
Preferred Stock, except dividends paid ratably on the Junior Preferred Stock and
all such parity stock on which dividends are payable or in arrears in proportion
to the total amounts to which the holders of all such shares are then entitled;

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<PAGE>

                        (iii) redeem or purchase or otherwise acquire for
consideration shares of any stock ranking junior (either as to dividends or upon
liquidation, dissolution or winding up) to the Junior Preferred Stock, provided
that the Company may at any time redeem, purchase or otherwise acquire shares of
any such junior stock in exchange for shares of any stock of the Company ranking
junior (either as to dividends or upon dissolution, liquidation or winding up)
to the Junior Preferred Stock; or

                        (iv) redeem or purchase or otherwise acquire for
consideration any shares of Junior Preferred Stock, or any shares of stock
ranking on a parity (either as to dividends or upon liquidation, dissolution or
winding up) with the Junior Preferred Stock, except in accordance with a
purchase offer made in writing or by publication (as determined by the Board of
Directors) to all holders of such shares upon such terms as the Board of
Directors, after consideration of the respective annual dividend rates and other
relative rights and preferences of the respective series and classes, shall
determine in good faith will result in fair and equitable treatment among the
respective series or classes.

                (B) The Company shall not permit any subsidiary of the Company
to purchase or otherwise acquire for consideration any shares of stock of the
Company unless the Company could, under paragraph (A) of this Section 4,
purchase or otherwise acquire such shares at such time and in such manner.

        SECTION 5. REACQUIRED SHARES. Any shares of Junior Preferred Stock
purchased or otherwise acquired by the Company in any manner whatsoever shall be
retired and cancelled promptly after the acquisition thereof. All such shares
shall upon their cancellation become authorized but unissued shares of Preferred
Stock and may be reissued as part of a new series of Preferred Stock subject to
the conditions and restrictions on issuance set forth herein, in the Amended and
Restated Certificate of Incorporation, or in any other Certificate of
Designation creating a series of Preferred Stock or any similar stock or as
otherwise required by law.

        SECTION 6. LIQUIDATION, DISSOLUTION OR WINDING UP. Upon any liquidation,
dissolution or winding up of the Company, no distribution shall be made (1) to
the holders of shares of stock ranking junior (either as to dividends or upon
liquidation, dissolution or winding up) to the Junior Preferred Stock unless,
prior thereto, the holders of shares of Junior Preferred Stock shall have
received $100 per share, plus an amount equal to accrued and unpaid dividends
and distributions thereon, whether or not declared, to the date of such payment,
provided that the holders of shares of Junior Preferred Stock shall be entitled
to receive an aggregate amount per share, subject to the provision for
adjustment hereinafter set forth, equal to 100 times the aggregate amount to be
distributed per share to holders of shares of Common Stock, or (2) to the
holders of shares of stock ranking on a parity (either as to dividends or upon
liquidation, dissolution or winding up) with the Junior Preferred Stock, except
distributions made ratably on the Junior Preferred Stock and all such parity
stock in proportion to the total amounts to which the holders of all such shares
are entitled upon such liquidation, dissolution or winding up. In the event the
Company shall at any time declare or pay any dividend on the Common Stock
payable in shares of Common Stock, or effect a subdivision or combination or
consolidation of the outstanding shares of Common Stock (by reclassification or
otherwise than by payment of a dividend in shares of Common Stock) into a
greater or lesser number of shares of Common Stock, then in each such case the
aggregate amount to which holders of shares of Junior

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<PAGE>

Preferred Stock were entitled immediately prior to such event under the proviso
in clause (1) of the preceding sentence shall be adjusted by multiplying such
amount by a fraction the numerator of which is the number of shares of Common
Stock outstanding immediately after such event and the denominator of which is
the number of shares of Common Stock that were outstanding immediately prior to
such event.

        SECTION 7. CONSOLIDATION, MERGER, ETC. In case the Company shall enter
into any consolidation, merger, combination or other transaction in which the
shares of Common Stock are exchanged for or changed into other stock or
securities, cash and/or any other property, then in any such case each share of
Junior Preferred Stock shall at the same time be similarly exchanged or changed
into an amount per share, subject to the provision for adjustment hereinafter
set forth, equal to 100 times the aggregate amount of stock, securities, cash
and/or any other property (payable in kind), as the case may be, into which or
for which each share of Common Stock is changed or exchanged. In the event the
Company shall at any time declare or pay any dividend on the Common Stock
payable in shares of Common Stock, or effect a subdivision or combination or
consolidation of the outstanding shares of Common Stock (by reclassification or
otherwise than by payment of a dividend in shares of Common Stock) into a
greater or lesser number of shares of Common Stock, then in each such case the
amount set forth in the preceding sentence with respect to the exchange or
change of shares of Junior Preferred Stock shall be adjusted by multiplying such
amount by a fraction, the numerator of which is the number of shares of Common
Stock outstanding immediately after such event and the denominator of which is
the number of shares of Common Stock that were outstanding immediately prior to
such event.

        SECTION 8. NO REDEMPTION. The shares of Junior Preferred Stock shall not
be redeemable.

        SECTION 9. RANK. The Junior Preferred Stock shall rank, with respect to
the payment of dividends and the distribution of assets, junior to all series of
any other class of the Company's Preferred Stock.

        SECTION 10. AMENDMENT. The Amended and Restated Certificate of
Incorporation of the Company shall not be amended in any manner which would
materially alter or change the powers, preferences or special rights of the
Junior Preferred Stock so as to affect them adversely without the affirmative
vote of the holders of at least two-thirds of the outstanding shares of Junior
Preferred Stock, voting together as a single class.

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<PAGE>

        IN WITNESS WHEREOF, the undersigned have executed this certificate as of
October 25, 2001.

                                      /s/ Timothy A. Harkness
                                      ------------------------------------------
                                      Timothy A. Harkness
                                      Vice President and Chief Financial Officer

                                      /s/ James C. Kitch
                                      ------------------------------------------
                                      James C. Kitch
                                      Secretary

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