Document:

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                                                                   EXHIBIT 10.82

                         Employment & Retainer Agreement

This Agreement is entered into on May 8, 2000 by Decora Industries, Inc. (the
"Company"), Tatum CFO Partners, LLP ("Tatum") and Robert J. Hanlon, Jr. (the
"CFO") (collectively, the "parties").

WHEREAS, the Company wishes to engage the CFO to provide certain services and
Tatum wishes that the CFO provide such services in return for certain
consideration; the parties after full and careful negotiation agree as follows:

I.   Services; Fees; Payments

A.   Beginning on May 8, 2000, (the "Effective Date"), the CFO will perform,
     under the title chief financial officer, CFO Services as set forth in
     Section II for a total monthly fee of $20,000 (the "Monthly Fee")
B.   The CFO will provide CFO Services for 5 days per week.
C.   The Company will pay the CFO directly according to the Company's normal
     payroll process a portion of the Monthly Fee equal to $16,666 (the
     "Salary") and will pay Tatum the remaining portion of $3334 ("Retainer
     Fee").
D.   This Agreement will expire on December 31, 2001.
E.   The Company also will provide Tatum the incentive bonus or warrants or
     options set forth in Schedule A.
F.   The Company will pay all amounts owed Tatum no later than the same day of
     the month for which amounts are invoiced.
G.   The Company will promptly reimburse the CFO for reasonable travel and
     out-of-pocket business expenses.

II.  CFO Services

CFO Services are defined as those certain services as specified and directed by
the Company from time to time and which the CFO is able to perform within the
time allotted under this agreement.

III. The Relationship of the CFO and the Company

A.   The Company, Tatum and the CFO agree that the CFO will be an employee of
     the Company.
B.   As an employee of the Company, the CFO will work under the exclusive
     management and authority of the Company.
C.   The CFO will serve the Company as an officer of the Company, but only if
     the following conditions are met without exception; the CFO is duly elected
     as an officer by its Board of Directors; and the CFO has received written
     evidence that he or she is covered as an officer by director and officer
     insurance maintained by the Company at no additional cost to the CFO or
     Tatum.
D.   The CFO may sign federal or state securities filings but only if the
     following condition is met without exception; the CFO receives written
     evidence that he or she in signing such filings is covered by applicable
     insurance (whether director

<PAGE>   2

     and officer insurance or a special policy) maintained by the Company at no
     additional cost to the CFO or Tatum.

E.   The CFO will be eligible for vacation and holidays consistent with the
     Company's policy as it applies to senior management and the CFO will be
     exempt from any delay periods required for eligibility.
F.   The CFO elects not to participate in the Company's employee retirement plan
     or any other employee benefit plan, and waives any coverage that may
     otherwise exist. The Company will not include the CFO as participant in any
     such plan, unless required to do so by law for plan qualification. However,
     notwithstanding the foregoing, the CFO may participate in the Company's
     401(k) plan at the Company's option.
G.   The CFO waives any past or present claim it may have against the Company
     for any discrimination.

IV.  The Relationship of Tatum and the Company

The Company, Tatum and the CFO agree that for purposes of this Agreement,
Tatum's relationship with the Company is to make the CFO available to the
Company to provide CFO services. However, the Company is solely responsible for
its evaluation, management and use of the CFO and the CFO Services.

V.   The Relationship of Tatum and the CFO

The Company, Tatum and the CFO agree that for purposes of this Agreement,
Tatum's relationship with the CFO is to make available to the CFO certain
resources of Tatum. These resources are not warranted or guaranteed in any way
and the Company is solely responsible for its evaluation, management and use of
these resources.

VI.  Standard Disclaimers

A.   Neither Tatum nor the CFO will be liable for Y2K related losses, costs,
     damages or expenses.
B.   Tatum will not be liable for any non-compliance with federal, state or
     local laws or regulations.
C.   The Company agrees that reports, projections and/or forecasts can be
     prepared only at the Company's direction and reflect the judgment of the
     Company. Tatum makes no representation or warranty as to the accuracy or
     reliability of reports, projections and/or forecasts; and will not be held
     liable for any claims of reliance on such reports, projections and/or
     forecasts.

VII. Indemnity Joint Defense; Liability Limitations; Arbitration; Insurance

A.   The Company agrees to indemnify Tatum to the full extent permitted by law
     for any losses, costs, damages and expenses, including attorneys' fees, as
     such are incurred, in connection with (1) any cause of action, suit or
     other proceeding arising in connection with Tatum's engagement by the
     Company under this Agreement, the CFO's employment with the Company or the
     CFO's activities while employed by the Company, and (2) any legal
     proceeding in which Tatum may be required or agree to participate, but in
     which Tatum is not a party. This indemnification does not apply to actions
     taken by Tatum in bad faith.

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B.   If the Company and Tatum are defendants in any action, suit, or other
     proceeding, the defense of Tatum will be represented by counsel selected by
     Tatum.
C.   The Company and Tatum agree to binding arbitration under the rules of the
     American Arbitration Association ("AAA"), to take place in the AAA's
     Atlanta office, if any dispute arises between them.
D.   The parties recognize and agree that any breach by Tatum of this Agreement
     would result in injury that would be impossible to accurately ascertain.
     Therefore, Tatum shall pay to the Company as liquidated damages, and not as
     a penalty, an amount equal to two full months of Retainer Fee. The parties
     agree that this amount of liquidated damages represents a reasonable
     approximation of the damages that would be incurred as a result of a breach
     by Tatum of this Agreement.
E.   In any event, at any time, Tatum may pay a sum equal to the total Retainer
     Fee paid under this Agreement for the most recent four months, which
     payment the Company agrees shall serve as final satisfaction and accord for
     any and all such liabilities of Tatum under this Agreement.
F.   As a precondition for recovery of any alleged liability, the Company shall
     give Tatum notice, in writing, of the alleged basis for liability within
     thirty (30) days of discovering the circumstances giving rise to such
     alleged liability, and no legal or other action shall be taken by the
     Company against Tatum (i) more than (60) days after such notice has been
     given or (ii) less than thirty (30) days after such notice has been given,
     in order that Tatum shall have the opportunity to investigate in a timely
     manner and, where possible, correct or rectify the alleged basis for
     liability.
G.   Tatum will not be liable in any event for incidental or consequential
     damages, including without limitation, any interruption of business or loss
     of business, profit, or goodwill.
H.   To the extent the Company has directors' and officers' liability insurance
     ("including entity coverage") and/or errors and omissions liability
     insurance in effect, the Company will provide such insurance coverage for
     the CFO.

VIII. General Terms and Conditions

A.   Tatum retains the right to terminate this agreement immediately if the
     Company has not remained current with its obligations to Tatum under this
     Agreement, the Company is engaged in or asks the CFO to engage in an
     illegal or unethical activity, or by death or disability of the CFO.
B.   The provisions on the attached Schedule A are incorporated by reference as
     if set forth herein; and the provisions concerning the bonus in Schedule A
     will survive any cancellation of this Agreement. (Use only if a Schedule A
     is included.)
C.   Neither the Company, Tatum or the CFO shall be deemed to have waived any
     rights or remedies accruing under this Agreement unless such waiver is in
     writing and signed by the party electing to waive the right or remedy.
D.   This Agreement is governed by Georgia law.
E.   The terms of this Agreement are severable, and they may not be amended
     except in writing signed by the parties. This Agreement binds and benefits
     the successors of the parties.

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F.   This Agreement contains the entire agreement between the parties,
     superseding any prior oral or written statements or agreements.
G.   The persons signed below are authorized to sign on behalf of each party,
     and their signatures are all necessary.

The COMPANY              TATUM CFO                 The CFO
                         PARTNERS, LLP

/s/ Ronald A. Artzer     /s/ John Luergo           /s/ Robert J. Hanlon
----------------------   ----------------------    --------------------------
Signature                Signature                 Signature

Ronald A. Artzer
President and CEO        /s/ John Luergo           Robert J. Hanlon
----------------------   ----------------------    --------------------------
Name and Title           Name, Area Limited        Name
                         Partner

5/5/00                   5/18/00                   5/5/00
----------------------   ----------------------    --------------------------
Date                     Date                      Date

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                                   SCHEDULE A
                         Employment & Retainer Agreement

A.   Incentive Bonus or Options or Warrants
     As Follows:
     1.   The Cfo will participate in the Executive Incentive plan at the target
          rate of 60% of the annual base salary, Payment is based upon the
          achievement of the corporation in three key areas: Sales, EBITDA, and
          Earnings per share. A complete copy of the incentive plan will be made
          available.

     2.   The CFO will receive options to purchase 50,000 shares of DECORA
          Industries, Inc. at an exercise price of $5.00 per share. As an
          officer of Decora, these options can be characterized as either
          Incentive stock options (ISO's) or Non-qualified stock options
          (NQSQ's). It has been Decoras prior practice to issue the maximum
          number of ISO's under applicable tax law, with the remaining option
          issued to NQSQ's. The maximum number of ISO's that may vest in any one
          year is equal to $100,000 dividend by the fair market value of the
          underlying securities as of the date of the grant.<PAGE>   1
                                                                    EXHIBIT 10.1

                          [PARAMOUNT PARKS LETTERHEAD]

                                                                  April 20, 2000
Jon Corfino
President
Theme and Leisure Development
Stan Lee Media
15821 Ventura Boulevard
Encino, California 91436

Tim Miller
President
Blur Studio
1130 Abbot Kinney Boulevard
Venice, California 90291

RE: 7TH PORTAL SIMULATOR FILM   MEMORANDUM OF UNDERSTANDING

Gentlemen:

This document shall serve as a Memorandum of Understanding ("MOU") between
Paramount Parks, Stan Lee Media, and Blur Studio pursuant to the creation,
production, and distribution of the large format, 3-D simulator film
incorporating The 7th Portal concept and characters.

This MOU, attached to Article I. Term Sheet, Rev.2.0 April 20, 2000 and Exhibit
"C" constitute an Interim Agreement to begin development of the film, pending
final draft and negotiations of the Film Production and Distribution Agreement.

Each Party shall keep detailed financial records of its expenditures under this
Interim Agreement, such expenditures to be booked against the total budget,
when finalized.

I trust that the foregoing, and the attachments hereto, represent a fair and
reasonable representation of our understanding. If you agree, please so indicate
by signing in the space provided below, initialing the Exhibits in the lower
right hand corner, and returning one original to me. Thank you.

Sincerely,

/s/ DEAN SHARITS

Dean Sharits
Vice President, Design + Entertainment
Paramount Parks

Agreed to and Accepted                       Agreed to and Accepted

/s/                                          /s/
-----------------------------                -----------------------------
Jon Corfino                                  Tim Miller
Stan Lee Media                               Blur Studio
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                           7TH PORTAL SIMULATOR FILM
                                   TERM SHEET

                                 March 30, 2000
                             Rev.2.0 April 20, 2000

PARTIES TO THE AGREEMENT:

     Stan Lee Media, Inc. (SLP), Paramount Parks Inc. (PPI), and Blur Studio
     (Blur) (hereinafter collectively referred to as "the Parties").

DEFINITIONS:

     A.   "Film" means a 3.75 to 4.25 minute long simulator film, ideally
          4.00 minutes.

     B.   "Video Pre-Show" means a 3.75 to 4.25 minute piece (identical in
          length and synchronous to the Film) to be utilized in the cue process
          for viewer engagement.

     C.   "NewCo" means a new entity, in the form of a Limited Liability
          Corporation, to oversee the production of the Film from conception to
          completion, including development, funding, creative approval,
          production, and Film distribution. Newco will have three (3) members
          -- PPI, SLP, and Blur. PPI will act as Newco's Managing Member. The
          administrative duties and responsibilities of the Managing Member
          shall include, but not be limited to: (a) administering any and all
          banking functions (understanding that any check disbursements will
          require two signatures); (b) reviewing, maintaining, and auditing all
          Newco records; (c) overseeing, and engaging professional services
          where necessary, for all business and legal matters; and (d) managing
          all matters with respect to protecting the Film and Video Pre-Show.
          SLP and PPI will jointly be responsible for the Film's creative,
          production, and distribution-related decisions. Blur will be
          responsible for producing the Film, Sound Track, and Video Pre-Show.

     D.   "PPI Park" or "Parks" means those theme parks currently owned by PPI
          in Cincinnati, OH; Richmond, VA; Santa Clara, CA; Toronto, Canada;
          and Charlotte, NC.

     E.   "Distributor" means one or more distributors of the Film in commercial
          markets outside PPI Parks.

     F.   "Production Budget" means the total costs for the production of the
          Film, said costs not to exceed US$1.5 Million.

     G.   "Financing" means US$500,000 cash or cash equivalent each from SLP and
          PPI, for a total of US$1.0 Million. Blur will contribute an
          additional US$500,000 in production services, said services to be
          deferred mark-up, overhead, and amortization based on labor,
          materials, equipment, and facilities. Blur's contribution shall be
          guaranteed in the form of a Promissory Note to Newco.

     H.   "Executive Producers" means Jon Corfino of SLP and Dean Sharits of
          PPI.

     I.   "Producer" means Blur Studio.

     J.   "Line Producer" means Tim Miller.

     K.   "Film Director" means Yaz Takata.

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THE DELIVERABLES:

      No later than March 1, 2001, Newco shall receive the following complete
      film package: the Film in the 5-70 format, a digitally-mastered Soundtrack
      on laser disc, and a Video Pre-Show on laser disc ("the Deliverables").
      The Film will be rendered in High Resolution Computer Generated Images,
      8-70 format, action saved for 5-70 reduction, in both 2D and 3D at 30
      frames per second. Animation will be rendered in High Resolution 3-D
      rather than flat cell, and will use state-of-the-art motion capture
      techniques where appropriate. The Soundtrack, at a minimum, will be
      6-tracks digitally mastered, prepped for solid-state digital playback, and
      suitable for on-site mixing. In addition, a Video Pre-Show will be shot
      and edited on video and transferred to laser disc. The quality of the
      Film, Soundtrack, and Video Pre-Show will be equal to or greater than the
      highest theme park industry standard and will be suitable for exhibition
      in motion simulation theaters and outside commercial simulator
      attractions.

UNDERLYING INTELLECTUAL
PROPERTY RIGHTS:

      SLP owns the underlying "7th Portal" intellectual property rights. SLP
      shall grant to Newco a non-revocable, exclusive license for a period of
      six (6) years from the date the Film is completed to use 7th Portal
      characters in its effort to produce, distribute, and exploit the
      Deliverables, said rights shall include music and print publishing, sound
      recording, merchandising, and theme park walk-around character use. SLP
      shall not be entitled to any remuneration in the form of license fees or
      royalties for the above-delineated rights.

TERM -- NEWCO:

      Newco shall come into existence May 1, 2000 and be dissolved April 30,
      2007 ("Term"). At the end of the Term, and upon dissolution of Newco, the
      Parties' rights shall be as follows with respect to the Deliverables:

            (a) Newco will assign a one-third (1/3) interest in the Deliverables
                to each of PPI, Blur, and SLP.

            (b) With respect to the Film, its negative/master will be stored
                through a reputable post-production house in an appropriate
                vault in Los Angeles. Any Party seeking a reproduction of the
                Film may do so by contacting the production house and making
                appropriate arrangements (at that Party's cost). Notice of
                reproduction by any Party must be given to the other former
                Parties.

            (c) The Parties may further exploit the Deliverables, without any
                obligation to share the proceeds with the other then-former
                Parties, subject to any existing distribution-related
                contractual obligations that were agreed and entered into prior
                to Newco's dissolution.
<PAGE>   4
FUNDING:

   1.  The breakdown for the US$1.5 Million budget is attached hereto as Exhibit
       "A" along with cash requirements from the contributors attached as
       Exhibit "B". Blue shall submit a budget breakdown listing each phase and
       element of development and production, and delineate that portion of each
       element that will be paid from Newco's funding and the remainder to be
       treated as Blur's deferral, provided said remainder does not exceed
       US$0.5 Million. Any expenses or costs incurred by the Parties during the
       completion of the Film (except those approved production costs included
       by Blur) are not reimbursable by Newco.

   2.  PPI and SLP will each deposit US$500,000 in a Newco account. Each of the
       Parties understand that, there will be no obligation to repay another
       Party, until such time that US$1.0 Million has been deposited into a
       Newco account in cash or cash equivalents. Disbursements will be credited
       equally to each contributor.

   3.  PPI agrees to act as the completion guarantor for this project. In the
       event the costs exceed US$1.0 Million prior to the completion of the
       project, PPI will request additional cash contributions from the other
       Parties. In the event any Party chooses not to contribute additional
       cash, that Party understands that its interest (originally at 1/3) will
       be reduced to reflect the adjusted interest in the project, while any
       Party that chooses to contribute the additional cash, will receive an
       increased percentage interest.

   4.  Blur shall submit monthly cost reports to Newco, and the Managing Member
       will be responsible to verify progress on the Film prior to payment
       disbursements. Payments will be made only to the extent that actual work
       has been completed.

   5.  Upon completion of the Film and for a period of one (1) year thereafter,
       Newco's Managing Member shall have the right to audit Blur's books with
       respect to the Film, at Newco's cost. In the event that discrepancies of
       more than five percent (5%) are discovered, Blur will be required to pay
       for the audit and reimburse Newco for any funds owed it.

   6.  In the event that either SLM or PPI identifies a third-party to assume
       all or a portion of their respective interest in the Film, the Party
       seeking to assign its interest must obtain prior approval from the other
       Parties and must give the other Parties the Right of First Refusal to
       acquire the interest at a level and in an amount equal to that being
       offered to the third-party.

<PAGE>   5
PPI LICENSE:

     7.   PPI shall be granted a non-revocable, royalty and license-free
          license for its five existing parks, in perpetuity, commencing upon
          completion of the Film, subject to the following:

               (a)  PPI shall have exclusivity within a 250-mile radius of each
                    of its parks for the first two (2) years:

               (b)  In the event that PPI shall acquire an additional park or
                    attraction by way of ownership, joint venture, or
                    management contract within the first two (2) years, and the
                    Film has not been distributed within a 250-mile radius of
                    such park or attraction, PPI's Licence shall extend to
                    such park or attraction for immediate exhibition. If
                    beyond the first two (2) years, such License shall extend
                    to the park or attraction regardless of proximate
                    exhibition. For purposes of this Agreement, however, PPI
                    shall be limited to two (2) acquisitions in addition to its
                    five existing theme parks; and

               (c)  PPI reserves the right to approve the license of the Film
                    to any other theme park in North America, said approval not
                    to be unreasonably withheld.

     8.   SLP agrees to the following non-revocable rights with respect to PPI:

               (a)  SLP shall give PPI the Right of First Refusal in the event
                    that a sequel or series of simulator films is contemplated
                    using the 7th Portal concept or characters, said right
                    involving an opportunity to match any third-party offer to
                    produce another Film -- even if previously rejected by PPI;

               (b)  SLP shall grant PPI the right to use "Walk-a-Rounds" based
                    on the characters and concept in its parks, and the right
                    to promote the 7th Portal through special events and
                    touring shows;

               (c)  SLP shall grant PPI a license to sell merchandise based on
                    the 7th Portal concept and characters in its parks, events,
                    and touring shows subject to a 5% royalty on the wholesale
                    cost of goods sold. Such merchandise licensing agreement
                    shall be negotiated separately, and is not a part of this
                    Agreement; and

               (d)  SLP shall grant PPI the right to use the 7th Portal brand
                    or concept in association with the naming of any ride or
                    attraction in a PPI Park.

PROMOTION & MATERIALS:

     1.   SLP shall make available reproducible art, printed material, and
          marketing collateral to PPI with respect to the 7th Portal concept
          and characters for the purpose of promoting the film. SLP will not
          charge PPI for the use of the material, understanding that PPI would
          incur the costs of mass-producing said material.

     2.   SLP shall promote the Film, its association with PPI, and PPI Park
          locations on its website. PPI shall promote the Film and its
          association with SLP on its websites.

<PAGE>   6
      3.  SLP agrees to provide the in-person services of Mr. Stan Lee for
          public appearances and press releases associated with the grand
          opening of the Film in at least one (1) of the PPI Parks. Such
          services shall be rendered at no cost, and upon PPI's reasonable
          notice of such requirement. PPI will reimburse SLP for actual,
          reasonable, and documented expenses associated with Mr. Lee's personal
          appearances at the PPI Parks.

INDEMNIFICATION:

      The Parties will indemnify each other with respect to any and all injuries
      (or intellectual property disputes) that may arise out of this project.
      The actual agreement will contain extensive indemnification terms and
      provisions.

DISTRIBUTION:

      1.  The Managing Member shall arrange a distribution agreement with one or
          more distributors ("Distributor") for the world-wide exploitation of
          the Film. As a condition of such agreement, Newco shall use its best
          efforts to cause Distributor to comply with the following
          stipulations:

               (a)  During the year commencing March 15, 2001 (the "Initial
                    Year"), distributor shall not distribute the Film to a theme
                    park in the United States and Canada or to a stand-alone
                    simulation theater (i.e., outside a theme park) within a 250
                    mile radius of any Park or Additional Park without the
                    approval of PPI (it being agreed that any such distribution
                    is pre-approved for theme parks or stand-alones in the
                    following cities: Orlando, New York, Los Angeles, Seattle,
                    San Diego, Chicago, and Dallas);

               (b)  PPI reserves the right to approve the license of the Film to
                    any other theme park in North America, said approval not to
                    be unreasonably withheld;

               (c)  After the second year, Distributor may distribute the Film
                    to any stand-alone simulation theater, regardless of
                    location, and to theme parks in the aforementioned cities as
                    well as any theme park outside the 250-mile radius of the
                    Parks/Additional Parks; and

               (d)  PPI shall be entitled to a "Paramount Parks" and individual
                    credits (the form of which shall be approved by Newco prior
                    to such use) on one-sheets and other marketing materials and
                    approved merchandise items in connection with the exhibition
                    of the Film at the Parks.

<PAGE>   7

REVENUE PARTICIPATION:

      1.  The Parties agree to the following distribution of gross receipts
          derived from the exhibition of the Film:

               a)   Gross receipts received by or credited to the account of
                    Distributor in connection with its exploitation of the Film
                    ("Gross Receipts") shall be disbursed as follows on a
                    continuing and cumulative basis:

               i)        First, Distributor shall retain 30% as a distribution
                         fee which distribution fee shall be inclusive of all
                         distribution expenses;

               ii)       Second, Distributor shall distribute the remaining
                         Gross Receipts, quarterly, to Newco; and

               iii)      Third, the Parties' Gross Receipts shall be distributed
                         quarterly by Newco to SLP, PPI, and Blur on a
                         first-dollar-out basis, in accordance with the schedule
                         attached hereto as Exhibit "C";

      2.  In connection with the Film's distribution, Distributor shall submit
          financial reporting statements showing all revenue from the
          distribution of the Film on a quarterly basis throughout the Term of
          distribution. Newco shall have the right to audit Distributor's books
          and records in connection with the distribution of the Film, the cost
          of which shall be borne by Newco. In the event that any audit shall
          subsequently reveal a discrepancy of greater than 5% of the
          information reported in the financial statements, then Distributor
          shall bear the full costs of such audit as well as any funds owed.

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