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                                                                   EXHIBIT 10.24

                              SEVERANCE AGREEMENT

         This SEVERANCE AGREEMENT ("Agreement") is made and entered into by and
between MCY.COM, INC. ("Company") and BERNHARD FRITSCH ("Executive").

         WHEREAS, Company and Executive entered into an Employment Agreement
dated June 11, 1999, as amended July 28, 1999 and April 1, 2001 (the "Employment
Agreement").

         WHEREAS, Company and Executive desire to terminate both the employment
relationship and the Employment Agreement, as well as Executive's seat on
Company's board of directors, upon mutually acceptable terms and to settle any
and all differences, claims and potential claims arising out of (i) Executive's
employment and termination of employment with Company, (ii) termination of the
Employment Agreement, and (iii) Executive's resignation of his seat on Company's
board of directors;

         NOW THEREFORE, in consideration of the mutual promises and other
consideration contained herein and intending to be legally bound, the parties
agree as follows:

         1. Severance.

            A. Executive hereby resigns, effective on the date of the execution
of the Agreement and Plan of Reorganization by and among Company and Carter Hill
Venture Ltd. ("Carter Hill") and certain shareholders of Carter Hill (the
"Employment Resignation Date"), from the following positions: (i) Chairman and
Chief Executive Officer of Company; (ii) a director of Company; (iii) a director
and officer of any of Company's subsidiaries.

            B. Pursuant to the terms of a license agreement being executed
simultaneously with this Agreement, Executive shall license to the Company and
its subsidiaries certain technology owned by Executive and the Company and
NETrax Technologies Inc. shall license to Executive certain technology owned by
the Comppany and NETrax Technologies Inc. (the "Licenses").

         2. Consideration Provided to Executive. Company shall pay to Executive
or perform the following:

            A. Executive will be paid Two Hundred Thousand Dollars ($200,000)
upon execution of this Agreement and the Agreement and Plan of Reorganization. .

            B. Company hereby forgives that certain loan by Company to Executive
in the principal amount of Ninety Eight Thousand Dollars ($98,000).

            C. Company hereby assigns and transfers ownership of certain
production and presentation equipment and one (1) Yamaha Disklavier piano to
Executive, such equipment having an agreed upon fair market value of Ten
Thousand Dollars ($10,000).

            D. For a period of twenty four (24) months following the Employment
Resignation Date, Company will continue to provide Executive with the level of
health insurance provided by the Company immediately prior to the Employment
Resignation Date.

         3. Executive's Release of All Claims. In consideration of this
Agreement, including, but not limited to, the mutual, binding promises contained
herein, and intending to be legally bound

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thereby, Executive, on behalf of himself, his executors, legatees, devisees,
administrators successors, and assigns, does hereby irrevocably, forever and
unconditionally release and forever discharge Company and each of its past,
present and future stockholders, agents, directors, officers, executives,
representatives, attorneys, and its predecessors, successors, parents,
affiliates, insurers, heirs, executors, administrators and assigns, and all
persons acting by, through, under or in concert with any of them (collectively
referred to herein as the "Released Parties"), of and from any and all actions,
causes of action, suits, debts, judgments, charges and expenses (including
attorneys' and paralegal fees and costs at all levels of dispute resolution), of
any nature whatsoever, asserted or unasserted, known or unknown, ("Claims"),
which Executive ever had, now has, or hereafter may have against the Released
Parties, in any way arising out of or related to Executive's employment and/or
other capacity and/or service as a director and/or otherwise with Company and/or
any of its subsidiaries and/or affiliated entities and/or the termination of his
employment and/or other capacities and/or services with Company and/or its
subsidiaries and affiliated entities.

         In expansion of, and not in limitation of, the general nature of the
foregoing release, Executive releases and forever discharges any and all Claims
he may have had against such Released Parties in any way arising out of or
related to Executive's employment and/or other service and/or capacity with
Company and/or any of its subsidiaries and/or affiliated entities and/or the
termination of his employment and/or other services and/or capacities with
Company and/or its subsidiaries and/or affiliated entities, regardless of
whether any or all of such Claims arises under any state or federal statute,
ordinance, regulation, order or common law. The Claims released by Executive
include, but are not limited to, those under 29 U.S.C. 621 Title VII of the
Civil Rights Act of 1964 ("Title VII"), 42 U.S.C. 2000 et seq., 2101 et seq.,
the Americans with Disabilities Act ("ADA") 42 U.S.C. 1201 et seq., the federal
Family and Medical Leave Act, 29 U.S.C. 2601 et seq., and the Executive
Retirement Income Security Act of 1974, 29 U.S.C. 1001 et seq., and as any or
all of the foregoing are or may be amended, or any other federal, state or local
statute, rule or ordinance and any other claims in law or equity. In further
expansion of the foregoing releases, Executive releases the Released Parties of
and from any and all Claims based on constructive discharge, express, implied or
quasi-contract, and breach of the implied covenant of good faith and fair
dealing. In still further expansion of the foregoing releases, Executive
releases the Released Parties of and from any and all Claims for fraud of any
kind. Expanding the foregoing releases further still, Executive releases
Released Parties of and from any and all Claims for wrongful discharge of any
kind (including in violation of public policy and constructive discharge),
infliction of emotional distress, whether intentional or negligent, defamation,
negligence, conspiracy, any and all other common law torts and discrimination on
any basis prohibited by statute, public policy or otherwise.

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         4. Company's Release of all Claims. As part of the consideration for
Executive entering into this Agreement, Company for and on behalf of itself and
all of its past, present and future subsidiaries, parent corporations,
affiliates, directors, officers, executives, representatives, attorneys,
insurers, heirs, executors, administrators, assigns, and agents, and all persons
acting by, through, under or in concert with any of them, does hereby
irrevocably, forever and unconditionally release and forever discharge
Executive, his personal representatives, heirs, legatees, devisees,
administrators, successors, assigns, and future employers, and all persons
acting by, through, under or in concert with any of them (collectively referred
to herein as the "Released Parties"), of and from any and all Claims which
Company ever had, now has, or hereafter may have against the Released Parties,
in any way arising out of or related to Executive's employment and/or other
service and/or capacity with Company or any of its subsidiaries or affiliated
entities or the termination of his employment and/or other services and/or
capacities with Company and its subsidiaries and affiliated entities.

         5. Claims Released Construed Broadly. Executive and Company intend that
the provisions of this Agreement regarding the Claims being released by each of
them under the provisions of this Agreement shall be construed as broadly as
possible. The only exception thereto is that nothing contained in this Agreement
is intended to waive any claims or rights based on conduct or any event that
occurs after the effective date of this Agreement.

         6. Assumption of Risk of Change in Facts. Executive and Company
understand that the facts under which they give their releases hereunder may
prove to be different than now known or believed by them, and each accepts and
assumes the risk thereof and agrees that their releases shall remain in full
force and effect and not subject to modification, termination or rescission by
reason of any difference in facts.

         7. Covenant Not to Sue. Subject to full performance of the other
party's obligations under this Agreement, each party hereto agrees that neither
such party nor any person or entity on such party's behalf has or shall
commence, maintain or prosecute any lawsuit, complaint, action or proceeding of
any kind against the other or their respective Released Parties with respect to
any act, omission or other matter occurring up to and including the effective
date of this Agreement. The foregoing notwithstanding, and subject to paragraph
17, this covenant not to sue does not extend to any claim for breach of this
Agreement.

         8. Company Records; Return of Company Property. Executive represents
that subject to the provisions of the Licenses, he shall return to Company any
of the following that he has in his possession: records and business documents,
whether on computer or hard copy, and other materials (including but not limited
to computer disks and tapes, computer programs and software, office keys,
correspondence, files, customer lists, technical information, customer
information, pricing information, business strategies, sales records and copies
thereof) (collectively, the "Company Records") provided by Company and/or its
predecessors, subsidiaries or affiliates and/or obtained as a result of his
employment with, or in any of his capacities with, or rendering of services for,
Company and/or its predecessors, subsidiaries or affiliates, and/or created by
Executive while employed by and/or rendering services to or for Company and/or
its predecessors, subsidiaries or affiliates. Executive acknowledges that all
such Company Records are the property of Company. In addition, Executive shall
promptly return in good condition any and all cellular phone equipment, pagers,
credit cards, business cards, computer equipment and accessories belonging to
and/or leased by Company. As of Executive's Employment Resignation Date, Company
will make arrangements to remove, terminate or transfer from Executive any and
all business communication lines including network access, cellular phone, fax
line and other business numbers belonging to or leased by Company.

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         9. Confidential Information. Executive acknowledges that, during his
employment and other service with Company and/or its subsidiaries or affiliated
entities, he has had access to confidential and other information proprietary to
Company and/or its subsidiaries or affiliated entities, including but not
limited to trade secrets, operations, customer information, customer prospects,
strategic plans, inventions, business plans, formulas processes, designs,
methods, techniques, know-how, systems, software programs, works of authorship,
plans, proposals, information about products, and other proprietary information
(the "Confidential Information"). Executive agrees that he has not and shall not
at any time disclose to any person or entity the Confidential Information
acquired during or in connection with his employment with or in rendering
services to Company and/or any of its subsidiaries and affiliates without prior
written permission from Company. Executive agrees that he shall keep secret the
Confidential Information and all matters that have been entrusted to him and
shall not use or attempt to use any of the Confidential Information in any
manner that may injure or cause loss or may be calculated to injure or cause
loss, whether directly or indirectly, to Company and/or its subsidiaries and
affiliates.

         The above restrictions shall not apply to: (i) information that at the
time of disclosure is in the public domain through no fault of Executive; (ii)
information received from a third Party outside of Company that was disclosed
without a breach of any confidentiality obligation; (iii) information approved
for release by written authorization of Company; or (iv) information that may be
required by law or an order of any court, agency or proceeding to be disclosed;
provided, Executive shall provide Company with notice of any such required
disclosure once Executive has knowledge of it and will provide all reasonable
help to Company to obtain an appropriate protective order.

         10. Knowing and Voluntary Agreement. Each party hereto hereby
acknowledges that such party has carefully read and understands all of the
provisions and effects of this Agreement; that each is voluntarily and knowingly
entering into this Agreement free of coercion or duress; and that in agreeing to
sign this Agreement, the parties have not, except for representations, promises,
statements, or explanations made herein or in an exhibit attached hereto, relied
on any representations, promises, agreements, statements or explanations made by
any party hereto or their respective attorneys concerning the terms or effects
of this Agreement in connection with their respective decisions to execute the
same. EACH PARTY REPRESENTS AND WARRANTS THAT IT HAS HAD A FULL AND COMPLETE
OPPORTUNITY TO REVIEW THIS AGREEMENT WITH ITS COUNSEL.

         11. Applicable Law. This Agreement shall be governed by, and construed
and enforced in accordance with the laws of the State of New York, without
regard for its conflicts of laws principles. The parties hereto consent to the
jurisdiction of the Southern District of New York or the courts of the State of
New York with respect to all disputes arising out of this Agreement.

         12. Change, Modification and Waiver. No change or modification of this
Agreement shall be valid unless it is in writing and signed by Executive and an
authorized officer of Company. No waiver of any provision of this Agreement
shall be valid unless it is in writing and signed by the party against whom the
waiver is sought to be enforced (in the case of Company, by an authorized
officer of Company). The failure of a party to insist upon strict performance of
any provision of this Agreement in any one or more instances shall not be
construed as a waiver or relinquishment of the right to insist upon strict
compliance with such provision in the future.

         13. Integration. This Agreement and its exhibits constitutes the entire
agreement between Company and Executive concerning the subject matters hereof
and supercedes all prior representations, promises and agreements, whether oral
or written, implied or otherwise with respect thereto.

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         14. Severability. Any provision of this Agreement, which is adjudged to
be prohibited or unenforceable, shall be ineffective to the extent of such
prohibition or unenforceability without affecting the validity or enforceability
of the remainder of this Agreement.

         15. Attorneys Fees. In the event an action is brought for breach of or
to enforce this Agreement, including arbitration, the prevailing party shall
receive its reasonable attorneys and paralegal fees and costs at all levels of
dispute resolution involved as determined by the court or arbitrators, as the
case may be.

         16. Indemnification. The indemnification(s) of Executive from Company
that Executive enjoyed by and through his Employment Agreement, the Bylaws of
Company and/or any other written instrument executed and delivered by Company
prior to the Employment Resignation Date shall not be abridged by the execution
and delivery of this Agreement or the termination of the Employment Agreement or
Executive's employment with Company under this Agreement and the same shall
survive the execution and delivery of this Agreement, the termination of the
Employment Agreement, and termination of Executive's employment with Company
under this Agreement.

         17. Voiding Provision. This Agreement shall become null and void and of
no force or effect if the closing of Company's acquisition of Carter Hill does
not occur.

         IN WITNESS WHEREOF, and intending to be legally bound hereby, the
Parties have agreed to and executed the foregoing Severance Agreement, effective
as of the last date written below.

EXECUTIVE:

/s/ Bernhard Fritsch                                     November 16, 2001
----------------------------                             -----------------
Bernhard Fritsch                                         Date

COMPANY:

MCY.COM, INC.

By: /s/ C. L. HARPER
   -------------------------

Its:  President                                          November 16, 2001
    ------------------------                             -----------------
                                                         Date

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                                                                  EXHIBIT 10.25

                              CONSULTING AGREEMENT

         THIS CONSULTING AGREEMENT (the "Agreement") is made and entered into
this 16th day of November 2001, by and between BERNHARD FRITSCH (the
"Consultant") and MCY MUSIC WORLD, INC. (the "Client"), a Delaware corporation.

         WHEREAS, the Consultant is willing and capable of providing various
consulting services, hereinafter defined, for and on behalf of the Client; and

         WHEREAS, the Client desires to retain the Consultant as an independent
consultant and the Consultant desires to be retained in that capacity upon the
terms and conditions hereinafter set forth.

         NOW, THEREFORE, in consideration of the mutual promises and agreements
hereinafter set forth, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

         1. Consulting Services. The Client hereby retains the Consultant as an
independent consultant to the Client and the Consultant hereby accepts and
agrees to such retention. The Consultant shall render to the Client such
services as set forth on Exhibit A, attached hereto and by reference
incorporated herein.

         2. Time, Place and Manner of Performance. The Consultant shall be
available for advice and counsel to Client and representatives and agents of the
Client at such reasonable and convenient times and places as may be mutually
agreed upon. Except as aforesaid, the time, place and manner of performance of
the services hereunder, including the amount of time to be allocated by the
Consultant to any specific service, shall be determined in the sole discretion
of the Consultant.

         3. Term of Agreement. The Term of this Agreement shall commence on the
date hereof and shall continue until November 30, 2003, unless terminated
earlier pursuant to the provisions herein. The Term of this Agreement may be
extended as mutually agreed by the parties.

         4. Compensation. In full consideration of the services to be provided
for the Client by the Consultant, as fully set forth in Exhibit A, the Client
agrees to compensate Consultant in the manner set forth on Exhibit B.

         5. Expenses. The Client shall promptly and in no event later than ten
days after presentation of an itemized account of such expenditures on an
expense report by the Consultant reimburse the Consultant for all reasonable and
necessary expenses incurred while performing services for the Client, and for
all funds advanced on behalf of the Consultant. Reimbursement of any expenses by
the Client are in addition to any expenses incurred by the Consultant on the
Corporate American Express Card in accordance with Exhibit B attached hereto.

         6. Termination.

                  (a) This Agreement shall terminate should Closing of the
         Agreement and Plan of Reorganization dated this date by and among
         MCY.com, Inc., Carter Hill Venture ("Carter Hill"), and certain
         shareholders of Carter Hill, should Closing not occur, as "Closing" is
         defined therein.

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                  (b) This Agreement may be terminated at any time by mutual
         written agreement of the parties hereto.

                  (c) This Agreement shall terminate upon the dissolution,
         bankruptcy or insolvency of either party.

                  (d) A party shall have the right and discretion to terminate
         this Agreement should the other party violate any law, ordinance,
         permit or regulation of any governmental entity which has a material
         adverse effect on such party's ability to perform under this Agreement.

                  (e) A party shall have the right and discretion to terminate
         this Agreement should the other party fail to cure, within 15 days
         after receipt of notice from such non-breaching party, any of the
         following:

                      (i)      Any breach of duty or habitual neglect of duty;

                      (ii)     Any material breach of the obligations in Section
                               7; or

                      (iii)    Any material acts or events which inhibit either
                               party from fully performing its responsibilities
                               under this Agreement in good faith.

         7. Confidentiality. The Consultant recognizes and acknowledges that he
has and will have access to certain confidential information of the Client and
its affiliates that are valuable, special and unique assets and property of the
Client and such affiliates. The Consultant will not, during or after the Term of
this Agreement, disclose, without the prior written consent or authorization of
the Client, any of such information to any person, except to authorized
representatives of the Consultant or his affiliates, for any reason or purpose
whatsoever. In this regard, the Client agrees that such authorization or consent
to disclosure may be conditioned upon the disclosure being made pursuant to a
secrecy agreement, protective order, provision of statute, rule, regulation or
procedure under which the confidentiality of the information is maintained in
the hands of the person to whom the information is to be disclosed or in
compliance with the terms of a judicial order or administrative process.

         8. Performance of Services by Consultant. The Consultant shall be free
to perform services for other persons.

         9. Disclaimer of Responsibility for Acts of the Client. The obligations
of Consultant described in this Agreement consist solely of the furnishing of
information and advice to the Client in the form of services. In no event shall
Consultant be required by this Agreement to represent or make management
decisions for the Client. All final decisions with respect to acts and omissions
of the Client or any affiliates and subsidiaries, shall be those of the Client
or its affiliates, and Consultant shall under no circumstances be liable for any
expense incurred or loss suffered by the Client as a consequence of such acts or
omissions.

         10. Indemnity. The Client shall protect, defend, indemnify and hold
Consultant and his assigns and attorneys, accountants, employees, officers and
directors harmless from and against all losses, liabilities, damages, judgments,
claims, counterclaims, demands, actions, proceedings, costs and expenses
(including reasonable attorneys' fees) of every kind and character resulting
from or relating to or arising out of (a) the inaccuracy, non-fulfillment or
breach of any representation, warranty, covenant or agreement made by the Client
herein; or (b) any legal action, including any counterclaim, to the extent it is
based upon alleged facts that, if true, would constitute a breach of any
representation, warranty,

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covenant or agreement made by the Client herein; or (c) negligent
actions or omissions of the Client or any employee or agent of the Client, or
any reckless or willful misconduct, occurring during the Term hereof with
respect to any of the decisions made by the Client.

         11. Notices. Any notices required or permitted to be given under this
Agreement shall be ufficient if in writing and delivered or sent by registered
or certified mail or overnight courier to the principal office of each party.

         12. Waiver or Breach. Any waiver by either party of a breach of any
provision of this Agreement by the other party shall not operate or be construed
as a waiver of any subsequent breach by any party.

         13. Assignment. This Agreement and the rights and obligations of the
Consultant hereunder shall not be assignable without the written consent of the
Client.

         14. Applicable Law. This Agreement shall be governed by, and construed
in accordance with, the laws of the State of New York. The parties hereto
consent to the jurisdiction of the Southern District of New York or the courts
of the State of New York with respect to all disputes arising out of this
Agreement..

         15. Severability and Enforceability. All agreements and covenants
contained herein are severable, and in the event any of them shall be held to be
invalid by any competent court, the Agreement shall be interpreted as if such
invalid agreements or covenants were not contained herein.

         16. Entire Agreement. This Agreement constitutes and embodies the
entire understanding and agreement of the parties and supersedes and replaces
all prior understandings, agreements and negotiations between the parties.

         17. Waiver and Modification. Any waiver, alteration or modification of
any of the provisions of this Agreement shall be valid only if made in writing
and signed by the parties hereto. Each party hereto, from time to time, may
waive any of its rights hereunder without effecting a waiver with respect to any
subsequent occurrences or transactions hereof.

         18. Counterparts and Facsimile Signatures. This Agreement may be
executed simultaneously in two or more counterparts, each of which shall be
deemed an original, but all of which taken together shall constitute one and the
same instrument. Execution and delivery of this Agreement by exchange of
facsimile copies bearing the facsimile signature of a party hereto shall
constitute a valid and binding execution and delivery of this Agreement by such
party. Such facsimile copies shall constitute enforceable original documents.

         19. Voiding Provision. This Agreement shall become null and void and of
no force or effect if the closing of Company's acquisition of Carter Hill does
not occur.

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

                                      MCY MUSIC WORLD, INC.,  A DELAWARE
                                      CORPORATION

/s/ Bernhard Fritsch                  By:  /s/ C. L. HARPER
--------------------                     --------------------------------
Bernhard Fritsch
                                      Its:  President

                                                                     Page 4 of 4
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                                    EXHIBIT A

THE CONSULTANT AGREES TO PROVIDE THE FOLLOWING SERVICES TO THE CLIENT:

The Consultant shall provide services to the Client as an independent management
consultant for the Client. The Consultant shall perform the following duties:

(1)      Consultant shall make himself available at his convenience in his sole
         discretion to consult with the board of directors, officers, employees
         and representatives and agents of the Client at reasonable times,
         concerning matters pertaining to the overall business and financial
         operations of the Client; and

(2)      perform such other services to the Client as mutually agreed upon by
         the Client and the Consultant.

BERNHARD FRITSCH                          MCY MUSIC WORLD, INC., A DELAWARE
                                            CORPORATION

/s/ Bernhard Fritsch                      By:  /s/ C. L. HARPER
--------------------                         --------------------------------
Bernhard Fritsch

                                          Its: President
                                             --------------------------------

                                                                       Exhibit A
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                                    EXHIBIT B
FOR ALL SERVICES TO BE RENDERED BY THE CONSULTANT UNDER THIS AGREEMENT, THE
CLIENT AGREES TO COMPENSATE THE CONSULTANT AS FOLLOWS:

         A. The Client shall pay to the Consultant a retainer fee of $8,350 per
month for the Term for all services to be provided hereunder.

         B. The Client shall continue to provide to the Consultant that certain
corporate American Express credit card in the name of Consultant for a period of
six (6) months after the date of the execution of this Agreement, and the
Consultant shall be entitled to reimbursement for charges to such credit card at
a rate of up to Three Thousand Dollars ($3,000) per month. At the end of six
months after the date of the execution of this Agreement, the Client agrees to
keep the American Express credit card in the name of the Consultant but the
Consultant alone would be responsible for any charges.

         C. The Consultant shall have the right to continue to use that certain
BMW 750iL automobile currently under lease by the Client until October 27, 2002
(the expiration of the current lease, which has been paid in full), and the
right to purchase the vehicle at the expiration of the lease. The Consultant
shall be responsible for all maintenance costs.

BERNHARD FRITSCH                        MCY MUSIC WORLD, INC., A DELAWARE
                                          CORPORATION

 /s/ Bernhard Fritsch                   By:   /s/ C.L. HARPER
--------------------                         --------------------------------
Bernhard Fritsch

                                        Its:  President
                                             --------------------------------

                                                                      Exhibit B

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