Document:

Exhibit 10.1(kk)

                              TERMINATION AGREEMENT

This Termination Agreement ("Agreement") dated as of the date last signed by the
Parties, by and among Transmedia Network, Inc., TMNI International Incorporated
(Transmedia Network, Inc. and TMNI International Incorporated are collectively
referred to herein as "Network" and individually as "TMN" and "International"
respectively), Transmedia Europe, Inc. and Transmedia Asia Pacific, Inc.
(Transmedia Europe Inc. and Transmedia Asia Pacific, Inc. are individually
referred to as "TMNE" and "TMNA" respectively and are collectively referred to
as "Membertek").

            WHEREAS, International and TMNE are parties to a Master License
Agreement dated December 14, 1992 as amended (the "TMNE License");

            WHEREAS, International and TMNA are parties to a Master License
Agreement dated March 21, 1994 (the "TMNA License"). The TMNE and TMNA Licenses
are collectively called the "Licenses";

            WHEREAS, Membertek issued to TMN a convertible promissory note dated
April 3, 1997 in the principal amount of $500,000 (the "Convertible Note");

            WHEREAS, Network and Membertek are parties to an Agreement dated
December 6, 1996, as amended April 1, 1997, covering the restructuring of
business activities of TMNE and TMNA and providing for certain payments to
Network (the "Restructuring Agreement");

            WHEREAS, Network and TMNE are parties to an Agreement dated December
20, 1996 governing the payment of certain license fees due to Network under the
TMNE License ("Deferred Royalty Agreement");

            WHEREAS, TMNE, with the permission of International, entered into a
sub-license agreement dated June 30, 1995, as amended January 13, 1997, under
the TMNE License ("La Carte Sublicense") pursuant to which Transmedia La Carte
Restaurant, S.A. ("La Carte") was authorized to operate in certain territories
under the TMNE License;

            WHEREAS, the parties hereto wish to terminate all existing
agreements between them and all obligations and rights under said agreements;
and

            NOW, THEREFORE, in consideration of the mutual covenants and
conditions set forth in this Agreement and for other good and valuable
consideration, the receipt and adequacy of which the parties acknowledge, the
parties agree as follows:

            1. Definitions. Except as otherwise specifically defined herein,
capitalized terms used herein shall have the same meanings ascribed to them in
the Licenses.
<PAGE>

            2. Termination. The parties hereby terminate the agreements listed
below (the "Transmedia Agreements"), which, except as specifically set forth in
Section 6 below with respect to the Transition Period only, shall have no
further force and effect.

            (a) The TMNE License between International and TMNE

            (b) The TMNA License between International and TMNA

            (c) The Restructuring Agreement between Network and Membertek

            (d) The Deferred Royalty Agreement between Network and TMNE Except
as set forth in Section 6, and except for the provisions of the Transmedia
Agreements pertaining to derogation of the Marks, representations, warranties
and covenants, indemnification, confidentiality, and rights and duties upon
termination -- all of which the parties expressly confirm shall survive
termination of the Transmedia Agreements, as of the date hereof, no party shall
have any further rights or obligations under any such agreement, including,
without limitation, any amounts owing under the Transmedia Agreements.

            3. Conditions to Termination. As a condition to terminating the
Transmedia Agreements, Network requires that, prior to the execution of this
Agreement:

            (a) TMNE shall have delivered to Network evidence of the dissolution
of La Carte, which resulted in the termination of the La Carte Sublicense.

            (b) TMNE and TMNA each shall have provided a complete and accurate
list of all pending or threatened claims against it relating to its operation of
the Business.

            4. Consideration. As consideration for terminating the Transmedia
Agreements, Network hereby agrees that:

            (a) Any amounts owed by TMNE or TMNA to Network under the
Restructuring Agreement, the Deferred Royalty Agreement, or the Licenses are
hereby canceled and forgiven.

            (b) All obligations of Membertek with respect to the (i) the payment
of principal or interest under the Convertible Note, and (ii) the conversion of
the Convertible Note into shares of TMNE and TMNA stock, are hereby released,
canceled and of no further force and effect. TMN will return the original
Convertible Note to Membertek promptly after the execution of this Agreement.

            (c) The parties acknowledge that Network will retain the TMNE and
TMNA stock that it owns to dispose of or hold as it sees fit, without
restriction or obligation to TMNE or TMNA (referred to below as "Network's
TMNE/A Stock").

<PAGE>

            5. Release.

            (a) Except for the obligations of TMN and International under this
Agreement, TMNE and TMNA each hereby for itself and on behalf of its
predecessors, parents, subsidiaries and Affiliates, and each of their respective
directors, officers, shareholders, employees, licensees, partners, members and
agents, releases and forever discharges TMN and International, their
predecessors, parents, subsidiaries and Affiliates, and each of their respective
directors, officers, shareholders, employees, licensees, franchisees, partners,
members and agents, from any and all claims, rights or causes of action of any
kind or nature, that it ever had, now has or ever may have, including those
related to or arising out its operation of the Business.

            (b) Except for the obligations of TMNE and TMNA under this
Agreement, TMN and International each hereby for itself and on behalf of its
predecessors, parents, subsidiaries and Affiliates, and each of their respective
directors, officers, shareholders, employees, licensees, partners, members and
agents, releases and forever discharges TMNE and TMNA, their predecessors,
parents, subsidiaries and Affiliates, and each of their respective directors,
officers, shareholders, employees, licensees, franchisees, partners, members and
agents, from any and all claims, rights or causes of action of any kind or
nature, that it ever had, now has or ever may have, including those related to
or arising out its operation of the Business.

            6. Transition Period. In order to provide for an orderly termination
of the TMNE and TMNA Licenses, the following events will take place as specified
below with the time periods noted following the execution of this Agreement:

            (a) As of the date of this Agreement, TMNE and TMNA shall
immediately cease (or have already ceased) the following activities under their
respective Licenses:

                  i. Permitting TMNE and TMNA TRANSMEDIA cardholders to use
their TRANSMEDIA Cards in Network's territory,

                  ii. Permitting Network TRANSMEDIA cardholders to use their
cards in TMNE and TMNA's territories,

                  iii. Sublicensing the TRANSMEDIA business anywhere in Europe
or Asia, and

                  iv. Soliciting and/or signing up new restaurants in Europe and
Asia.

            (b) No later than April 30, 2000, TMNE and TNMA shall cease the
following activities under their respective licenses:

                  i. Issuing new TRANSMEDIA Cards to any new or renewal members,
and ii. Advancing funds to any new and/or renewal Member Restaurants.

            (c) TMNE and TMNA shall as promptly as practicable, but in no event
later than May 31, 2000, notify all of their, as well as their licensees',
cardholders, Member Restaurants,

<PAGE>

suppliers, joint venture partners and joint promotion partners, as well as the
public at large, that their affiliation with Network and their operation of the
TRANSMEDIA Card Business has terminated.

            i. Any such notice given by TMNE or TMNA to its cardholders shall
state clearly that such cardholders will no longer be able to use their
TRANSMEDIA Cards in the relevant Territory(ies) after June 30, 2000;

            ii. Any such notice given by TMNE or TMNA to its Member Restaurants
shall state clearly that such restaurants will no longer be permitted to honor
the TRANSMEDIA Card at their establishments after June 30, 2000.

            (d) TMNE and TMNA shall each promptly initiate the transfer of the
existing rights-to-receive meal credits of its Member Restaurants to Membertek,
and complete this transfer as soon as practicable after June 30, 2000 to allow
for substantially all cardholder transactions through June 30, 2000 to be
processed promptly and completely.

            (e) TMNE and TMNA shall each contact its TRANSMEDIA cardholders and
either convert their memberships in the TRANSMEDIA program to memberships in the
Membertek program, or terminate those memberships by June 30, 2000. TMNE and
TMNA will endeavor to distribute replacement cards and directories to former
TMNA and TMNE TRANSMEDIA cardholders, under a name not confusingly similar to
TRANSMEDIA, no later than June 30, 2000.

            (f) TMNE and TMNA shall each promptly (and in no event later than
May 31, 2000) advise the companies responsible for processing its TRANSMEDIA
card charges that their affiliation with Network and their operation of the
TRANSMEDIA Card Business is terminating, and instruct such companies that they
should not process any charges made after June 30, 2000 to any TRANSMEDIA card.

            (g) TMNE and TMNA shall each be solely responsible for terminating
or converting any and all of its agreements with its Member Restaurants,
cardholders and sublicensees by the License Termination Date, including, but not
limited to, resolving issues related to unusable rights-to-receive meal credits
and refunding subscription fees to cardholders. TMNE and TMNA shall each be
solely liable for any costs, losses and expenses arising from or relating to its
termination or conversion of such agreements.

            (h) TMNE and TMNA shall each, as promptly as practicable, but in no
event later than June 30, 2000, cease using the TRANSMEDIA mark in the Territory
in connection with the Business or for any other purpose, and shall refrain from
any further use of the TRANSMEDIA mark or any similar mark either within or
outside of the Territory.

            (i) TMNE and TMNA shall each, as promptly as practicable, but in no
event later than June 30, 2000, cease using "Transmedia" as part of their
corporate names. Notwithstanding the foregoing, should delay in receiving
Securities and Exchange Commission ("SEC") approval prevent TMNE or TMNA from
complying with this provision, TMNE and TMNA may continue

<PAGE>

to use "Transmedia" as part of their corporate names solely to the extent that
such use is required in connection with the SEC approval process, and for no
other reason; in such event, TMNE and TMNA will use all reasonable efforts to
expedite their ability to cease use of "Transmedia" in their corporate name.

            (j) TMNE and TMNA shall each, as promptly as practicable, but in no
event later than May 31, 2000, (i) return to Network any and all copies, in
whole or in part, of the Operations Manual and any similar operations manual
that TMNE or TMNA may have developed for its own business, (ii) return to
Network any and all copies, in whole or in part, of the Licensed Software and
any revised or modified versions of the Licensed Software created by TMNE or
TMNA under the Licenses, and (iii) submit a written statement to Network
attesting to the fact that it has deleted and fully erased any and all
electronic versions of the Operations Manual, any TMNE or TMNA operations
manual, the Licensed Software and any revised or modified versions of the
Licensed Software from its systems.

            7. Representations and Warranties of TMNE and TMNA. TMNE and TMNA
each represents and warrants as follows:

            (a) Each is a corporation duly organized, validly existing and in
good standing under the laws of the State of Delaware, with full corporate power
and authority to own its property and to carry on its business all as and in the
places where such properties are now owned or operated or such business is now
being conducted.

            (b) Each has the full corporate power and authority to make,
execute, deliver and perform this Agreement and the transactions contemplated
hereby. The execution and delivery of this Agreement by each and the
consummation of the transactions contemplated hereby have been duly authorized
by all required corporate action on behalf of each. This Agreement has been duly
and validly executed and delivered by each and constitutes a legal, valid and
binding obligation of each.

            (c) The execution, delivery and performance by each of its
obligations hereunder and the consummation of the transactions contemplated
hereby, will not (i) violate, conflict with or result in the breach of any
provision of the Certificate of Incorporation or By-Laws of each, or (ii) result
in the violation by each of any laws or orders of any governmental or regulatory
authority applicable to each.

            (d) No consent, approval or action of, filing with or notice to any
governmental or regulatory authority or other public or private third party is
necessary or required under any of the terms, conditions or provisions of any
law or order of any governmental or regulatory authority or any instrument to
which each is a party or by which each is bound for the execution and delivery
of this Agreement by each, the performance by each of its obligations hereunder
or the consummation of the transactions contemplated hereby.

            (e) There is no action, suit, proceeding at law or in equity by any
person, or any arbitration or any administrative or other proceeding by or
before (or to the best knowledge, information and belief of each, any
investigation by), any governmental or regulatory authority,

<PAGE>

pending or, to the best knowledge, information and belief of each threatened,
against each with respect to this Agreement or the transactions contemplated
hereby.

            (f) Except for cardholder and restaurant agreements, TMNA has not
entered into any licensees, sublicenses, franchises, subfranchises, use
agreements, permission agreements, letters of intent, memoranda of
understanding, or other agreements or arrangements that did or do permit or
contemplate any third party to use the TRANSMEDIA mark, operate as part of the
TRANSMEDIA program, otherwise hold themselves out as associated in any way with
TMNA or Network, or that otherwise would expose Network to liability
(collectively, "Third Party Agreements").

            (g) Except for cardholder and restaurant agreements and its
agreement with La Carte, TMNE has not entered into any Third Party Agreements.

            (h) Except for cardholder and restaurant agreements, La Carte has
not entered into any Third Party Agreements.

            (i) La Carte has been dissolved and the rights of La Carte under the
La Carte Sublicense Agreement have been terminated.

            (j) TMNE, TMNA and La Carte have not entered into any cardholder and
restaurant agreements with anyone or any entity who or that to the best of their
knowledge will object to the termination of their or its right to (i) use or
accept a TRANSMEDIA Card, (ii) be featured in a TRANSMEDIA directory, or (iii)
otherwise be associated with the TRANSMEDIA program or Network.

            (k) To the extent TMNE, TMNA or La Carte have entered into any
promotional or other marketing arrangements with co-sponsors or other third
parties, such agreements have been terminated or will be terminated prior to the
License Termination Date.

            (l) TMNE, TMNA and La Carte are not using any software owned or
provided by Network or in which Network owns any interest, including any
copyright rights.

            (m) TMNE, TMNA and La Carte have not either directly or indirectly
applied to register or registered the TRANSMEDIA mark or any similar mark in any
country or location whether or not located within the Territory under the TMNE
License or the TMNA License.

            (n) Neither TMNE nor TMNA is aware of any litigation, threatened or
pending, that (i) addresses or otherwise affects rights in the TRANSMEDIA mark
or name or other intellectual property rights owned by Network, or (ii) asserts
any claim against TMNE, TMNA or Network.

            (o) Neither TMNE nor TMNA has pledged, mortgaged or otherwise
transferred or assigned any right, title, or interest in, to or under their
respective agreements with Network, nor has TMNE pledged, mortgaged or otherwise
transferred or assigned any right, title, or interest in, to or under its
agreement with La Carte.

<PAGE>

            (p) Neither TMNE nor TMNA will take any action at any time to treat
Network's TMNE/A Stock any less favorably, or cause that stock to be treated any
less favorably, than any shares in TMNA or TMNE held by unrelated third parties.

            8. Representations and Warranties of TMN and International. TMN and
International each represents and warrants as follows:

            (a) Each is a corporation duly organized, validly existing and in
good standing under the laws of the State of Delaware, with full corporate power
and authority to own its property and to carry on its business all as and in the
places where such properties are now owned or operated or such business is now
being conducted.

            (b) Each has the full corporate power and authority to make,
execute, deliver and perform this Agreement and the transactions contemplated
hereby. The execution and delivery of this Agreement by each and the
consummation of the transactions contemplated hereby have been duly authorized
by all required corporate action on behalf of each. This Agreement has been duly
and validly executed and delivered by each and constitutes a legal, valid and
binding obligation of each.

            (c) The execution, delivery and performance by each of its
obligations hereunder and the consummation of the transactions contemplated
hereby, will not (i) violate, conflict with or result in the breach of any
provision of the Certificate of Incorporation or By-Laws of each, or (ii) result
in the violation by each of any laws or orders of any governmental or regulatory
authority applicable to each.

            (d) No consent, approval or action of, filing with or notice to any
governmental or regulatory authority or other public or private third party is
necessary or required under any of the terms, conditions or provisions of any
law or order of any governmental or regulatory authority or any instrument to
which each is a party or by which each is bound for the execution and delivery
of this Agreement by each, the performance by each of its obligations hereunder
or the consummation of the transactions contemplated hereby.

            (e) There is no action, suit, proceeding at law or in equity by any
person, or any arbitration or any administrative or other proceeding by or
before (or to the best knowledge, information and belief of each, any
investigation by), any governmental or regulatory authority, pending or, to the
best knowledge, information and belief of each threatened, against each with
respect to this Agreement or the transactions contemplated hereby.

            9. Indemnification. TMNE and TMNA each jointly and severally
indemnify and hold TMN and International, their predecessors, parents,
subsidiaries and Affiliates, and each of their respective directors, officers,
shareholders, employees, licensees, franchisees, partners, members and agents,
harmless against any and all claims, actions, demands, liabilities, losses,
damages, judgments, settlements, costs, and expenses (including reasonable
attorneys' fees) arising from or related to (i) its operation of the Business or
La Carte's operation of the Business, (ii) its actions or omissions during the
Transition Period and any period after the Transition

<PAGE>

Period during which it has not yet ceased using "Transmedia" as part of its
corporate name, (iii) any breach or alleged breach by it of any provision of
this Agreement or its License or any sublicense, including, but not limited to,
the representations, warranties and covenants made herein, or (iv) any claim by
any of its or La Carte's cardholders, Member Restaurants, licensees, suppliers,
joint venture partners, joint promotion partners or other third parties.

            10. Competition. The parties agree that from and after the date of
this Agreement, no party hereto shall have any restrictions on its right to
fully compete with the business of any other party; provided, however, that TMNE
and TMNA each shall continue to be bound by the confidentiality obligations set
forth in Section 11 of the Licenses.

            11. Notices. Unless otherwise provided herein, any notice, request,
instruction or other document to be given hereunder by any party to any other
party shall be in writing and shall be deemed to have been given (i) upon
personal delivery, if delivered by hand, (ii) three (3) days after the date of
deposit in the mails, postage prepaid, if mailed by certified or registered
mail, or (iii) the next business day if sent by facsimile transmission (if
receipt is electronically confirmed) or by a prepaid overnight courier service,
and in each case at the respective addresses or numbers set forth below or such
other address or number as such party may have fixed by notice:

            If to Network: President

            Transmedia Network Inc.
            TMNI International, Inc.
            11900 Biscayne Boulevard
            Miami, FL 33181
            Fax: (305) 892-3317

            with a copy to: Morgan, Lewis & Bockius LLP

            1800 M Street, N.W.
            Washington, D.C. 20036
            Attention: James R. Sims III, Esq.
            Fax: (202) 467-7176

            If to Membertek: President

            Transmedia Europe Inc.
            Transmedia Asia Pacific Inc.
            11 St. James's Square
            London SW1Y 4LB
            England
            Fax: 011 44 171 839-5727

<PAGE>

            with a copy to: Davis & Gilbert

            1740 Broadway
            New York, New York 10019
            Attention: Walter M. Epstein, Esq.
            Fax: (212) 468-4888

            12. Parties in Interest. This Agreement may not be transferred,
assigned, pledged or hypothecated by any party hereto, other than by operation
of law. This Agreement shall be binding upon and shall inure to the benefit of
the parties hereto and their respective heirs, executors, administrators,
successors and permitted assigns.

            13. Severability. In the event any provision of this Agreement is
found to be void and unenforceable by a court of competent jurisdiction, the
remaining provisions of this Agreement shall nevertheless be binding upon the
parties with the same effect as though the void or unenforceable part had been
severed and deleted.

            14. Waiver. The failure of Network to enforce any provision of this
Agreement will in no way be construed to be a waiver of such provision, nor in
any way affect the right of Network to enforce each and every provision of this
Agreement thereafter. The express waiver by Network of any provision, condition
or requirement of this Agreement will not constitute a waiver of any future
obligation to comply with such provision, condition or requirement.

            15. Counterparts. This Agreement may be executed in two or more
counterparts, all of which taken together shall constitute one instrument. A
facsimile transmission of the signed Agreement shall be legal and binding on all
parties.

            16. Entire Agreement. This Agreement, including the other documents
referred to herein which form a part hereof, contains the entire understanding
of the parties with respect to the subject matter contained herein and therein.
This Agreement supersedes all prior agreements and understandings between the
parties with respect to such subject matter.

            17. Amendments. This Agreement may not be amended, supplemented or
modified orally, but only by an agreement in writing signed by the parties.

            18. Applicable Law. This Agreement shall be construed, interpreted
and enforced in accordance with, and governed by, the laws of the State of New
York for contracts executed and performed in that state, without reference to
choice of law principles thereof.
<PAGE>

            IN WITNESS WHEREOF, the parties hereto, intending to be legally
bound hereby, have duly executed, sealed and delivered this Agreement the day
and year first above written.

TRANSMEDIA NETWORK INC.

ATTEST:
By:________________________________
Title:
April 7, 2000

TMNI INTERNATIONAL INCORPORATED
ATTEST:

By:________________________________
Title:
April 7, 2000

TRANSMEDIA EUROPE, INC.
ATTEST:

By: Paul L. Harrison
   --------------------------------
Title: Director
April 7, 2000

TRANSMEDIA ASIA PACIFIC, INC.
ATTEST:

By: /s/ James J. Fyfe
   --------------------------------
Title: Director
April 7, 2000Exhibit 10.1(mm)

                              Employment Agreement

AGREEMENT made as of the 1st day of October, 1999 by and between Transmedia
Europe, Inc., a Delaware corporation having offices at 11 St. James's Square
SW1Y 4LB, England (the "Company"), and Michael Chambrello residing at 504 Mt.
Vernon Road, Plantsville, Connecticut 06479 (the "Executive").

      WHEREAS, the Company and the Executive wish to set forth the terms and
conditions of the Executive's employment by the Company from and after the date
hereof ("Effective Date")

      NOW, THEREFORE, the parties hereto agree as follows:

      1.    Employment. The Company agrees to employ the Executive in the
            capacity herein after set forth, for the term specified in paragraph
            2, and the Executive agrees to accept such employment, upon the
            terms and conditions hereinafter set forth.

      2.    Term. This Agreement shall be for a term commencing on the Effective
            Date and, unless this Agreement is sooner terminated under the
            provisions hereof, expiring three years thereafter (the "Term").

      3.    Duties and Responsibilities.

            (a)   During the Term, the Executive shall serve as an officer of
                  the Company and shall have the title of President/Chief
                  Executive Officer.

            (b)   The Executive shall devote substantial business efforts to the
                  Company and to Transmedia Asia Pacific, Inc. ("TMAP"). Other
                  business activities of the Executive shall be limited in time
                  and scope and not conflict with the terms of this Agreement.
                  The Executive will (i) devote his best efforts, skill and
                  ability to promote the Company's interest; (ii) carry out his
                  duties in a competent and professional manner; (iii) work with
                  other employees of the Company in a competent and professional
                  manner and (iv) generally promote the best interests of the
                  Company.

            (c)   The Executive shall be permitted to serve as a Director and
                  President/Chief Executive Officer of TMAP.

      4.    Compensation.

            (a)   As compensation for services hereunder and in consideration of
                  his agreement not to compete as set forth in paragraph 10
                  below, during the Term, the Company shall pay the Executive in
                  accordance with the Company's normal payroll practices base
                  salary compensation at an annual rate of $150,000 (U.S.) less
                  required tax withholding amounts. The annual rate of salary
                  compensation may be reviewed and increased at the discretion
                  of the Board. Annual bonuses may be awarded at the sole
                  discretion of the Board.

<PAGE>

            (b)   The Executive shall be entitled to receive subject to
                  shareholder approval, non-qualified stock options having a
                  term of five years and covering a total of 1,250,000 shares of
                  the Company's common stock. The shares will vest to the
                  Executive at the rate of 33.3% per year. Said options will be
                  granted under the terms of an Option Agreement the date hereof
                  and annexed hereto as Exhibit A.

      5.    Expenses: Fringe Benefits.

            (a)   In addition to the compensation provided for under paragraph
                  4, the Company agrees to pay or to reimburse the Executive
                  during the Term for all reasonable, ordinary and necessary
                  vouchered business or entertainment expenses incurred in the
                  performance of his services hereunder in a manner established
                  by the Company's policy as from time to time in effect.

            (b)   During the Term the Executive shall be entitled to participate
                  in the health care, life insurance and 401K plans established
                  by the Company for the benefit of its employees generally and
                  currently in effect or put into effect subsequent to the date
                  of this Agreement.

            (c)   The Executive shall be entitled to a combined four (4) weeks
                  (20 business days) of paid vacation, including TMAP as well,
                  provided that no more than ten (10) consecutive days of
                  vacation shall be taken at any one time without the prior
                  approval of the Chairman of the Board.

      6.    Discharge by Company.

            (a)   The Company shall be entitled to terminate the Term and to
                  discharge the Executive for "cause". The term "cause" shall be
                  limited to the following.

                  (i)   The Executive's failure or unreasonable refusal to
                        perform his duties and responsibilities under this
                        Agreement.

                  (ii)  Dishonesty effecting the Company.

                  (iii) Conviction of a felony or of any crime involving fraud
                        or misrepresentations.

                  (iv)  The Executive's failure to adequately perform his
                        responsibilities.

                  (v)   The commission of a willful or intentional act which
                        could injure the reputation, business or business
                        relationships of the Company.

                  (vi)  Any material breach of this Agreement, if such breach is
                        not cured within 30 days after receipt by the Executive
                        of written notice thereof from the Company, and

                  (vii) Disability pursuant to paragraph 7 hereof.

                  (viii) If Executives employment is terminated by the Company
                        without cause, in addition to the salary and benefits
                        accrued through the date of termination Executive will
                        receive as severance an amount equal to 18 months base
                        salary. Such severance payment shall be payable in equal

<PAGE>

                        installments or as mutually agreed by the Executive and
                        the Company in a lump sum discounted using the prime
                        rate then in effect at Citibank, N.A. In addition to his
                        base salary the Company will pay Executive the cost of
                        continuing medical insurance. Termination without cause
                        shall include action by the Company without Executive's
                        consent pursuant to which his duties or title are
                        materially reduced; assignment of duties become
                        materially inconsistent with duties stated herein; or
                        permanent relation of greater than a 50 mile radius
                        become required to fulfill duties and responsibilities
                        Executive will receive as severance an amount equal to
                        18 months base salary.

      7.    Disability, Death.

            (a)   If the executive shall be unable to perform his duties
                  hereunder by virtue of physical or mental incapacity or
                  disability (from any cause or causes whatsoever) in
                  substantially the manner and to the extent required hereunder
                  prior to the commencement of such disability (all such causes
                  being herein referred to as "disability") and the Executive
                  shall fail to have performed substantially such duti4es for
                  periods aggregating 90 days, whether or not continuous, in any
                  continuous period of 180 days, the Company shall have the
                  right to terminate the Executive's employment hereunder as at
                  the end of any calendar month upon written notice to him. Said
                  notice of intention to terminate the Executive must be given
                  by the Company within 90 days following the 90th day of
                  disability, in which case the Executive shall be entitled to
                  his base salary compensation to the end of such calendar month
                  and for a continuing period of 3 months thereafter payable on
                  the regular payroll schedule.

            (b)   In the case of the death of the Executive, this Agreement
                  shall terminate and the company shall be obligated to pay to
                  the Executive's estate or as otherwise directed by the
                  Executive's duly appointed and authorized legal
                  representative, his then base salary compensation and all
                  accrued benefits through the date of death.

      8.    Voluntary Termination. If the Executive voluntarily terminates his
            employment prior to the term hereunder, he shall only be entitled to
            receive compensation accrued through the date of termination and
            shall not be entitled to any prorated amounts for vacation pay.

      9.    Confidential Information. The Executive recognizes that he will
            occupy a position of trust with respect to business and technical
            information of a secret or confidential nature which is the property
            of the Company and which has been and will be imparted to him from
            time to time in the course of his employment with the Company. In
            light of this understanding, the executive agrees that:

            (a)   The Executive shall not at any time use or disclose, directly
                  or indirectly, any of the Company's confidential information
                  or trade secrets to any person, except that he may use and
                  disclose to authorized Company personnel, licensees or
                  franchises in the course of his employment, and

            (b)   within three (3) days from the date upon which his employment
                  with the Company is terminated, for any reason or for no
                  reason, or otherwise

<PAGE>

                  upon the request of the Company, he shall return to the
                  company any and all documents and materials which constitute
                  or contain the Company's confidential information or trade
                  secrets.

                  For purposes of this Agreement, the terms "confidential
                  information" or "trade secrets" shall include all information
                  of any nature and in any form which is owned by the company
                  and which is not publicly available or generally known to
                  persons engaged in businesses similar to that of the Company.

      10.   Non-Competition.

            (a)   The Executive agrees that his services hereunder are of a
                  special character, and his position with the Company places
                  him in a position of confidence and trust with the customers
                  employees of the Company. The Executive and the Company agree
                  that in the course of employment hereunder, the Executive has
                  and will continue to develop a personal acquaintanceship and
                  relationship with Company's customers, and a knowledge of
                  those customers' affairs and requirements which may constitute
                  the Company's primary or only contact with such customers. The
                  executive consequently agrees that it is reasonable and
                  necessary for the protection of the goodwill and business of
                  the Company that the Executive makes the convenants contained
                  herein. Accordingly, the executive agrees that while his is in
                  the Company's employ and for a period of 18 months thereafter
                  the Executive will not, without the prior written consent of
                  the Company, either directly or indirectly, or in any capacity
                  whether as a promoter, proprietor, partner, joint venture,
                  employee, agent, consultant, director, officer, manager,
                  shareholder (except as a shareholder holding less than five
                  percent (5%) of a publicly traded company's issued and
                  outstanding capital stock, or otherwise) work for, act as a
                  consultant to or own any interest in any direct competitor of
                  the Company which operates in or provides services essentially
                  the same as the Company. For purposes hereof, a "direct
                  competitor" is a business, or a division of a business, which
                  is engaged in providing discount dining or restaurant services
                  whether through use of barter, trade credits, scrip or similar
                  items or printing, selling, distributing or soliciting of a
                  charge card or discount services and activities or promoting a
                  charge card or providing services the same or similar to that
                  sold or offered by the Company. The Executive further agrees
                  that he will not solicit, entice, induce or persuade, either
                  directly or indirectly, any employee or customer of the
                  Company to alter, terminate or refrain from extending or
                  renewing any contractual or other relationship with the
                  Company, or commence a similar or substantially similar
                  relationship with the Executive or any direct competitor of
                  the Company.

            (b)   As used in this paragraph 10, the term "Company" shall include
                  subsidiaries of the Company and the term "customer" shall
                  mean:

                  (i)   anyone who is then a customer of the company, or
<PAGE>

                  (ii)  anyone who was a customer at any time during the one
                        year period immediately preceding the date of
                        termination of the Executive's employment.

            (c)   the parties hereto agree that the duration and area for which
                  the covenant not to compete set forth herein is to be
                  effective is reasonable. In the event that nay court
                  determines that the time period or area, or both of them, are
                  unreasonable and that such covenant to that extent
                  unenforceable, the parties hereto agree that the covenant
                  shall remain in full force and effect for the greatest time
                  period and in the greatest area that would not render it
                  unenforceable.

            (d)   If the Executive commits a breach or is about to commit a
                  breach, of any of the above provisions, the Company shall have
                  the right to temporary and preliminary injunctive relief to
                  prevent the continuance or commission of such breach prior to
                  any hearing on the merits and to have the provisions of this
                  Agreement specifically enforced by any court having equity
                  jurisdiction without being required to post bond or other
                  security and without having to prove the inadequacies of the
                  available remedies at law, it being acknowledges and agreed
                  that any such breach or threatened breach will cause
                  irreparable injury to the Company. In addition, the Company
                  may take all such other actions and remedies available to it
                  under law in equity and shall be entitled to such damages as
                  it can show it has sustained by reason of such breach.

            (e)   The existence of any claim or cause of action of the executive
                  against the company, whether predicated on this Agreement or
                  otherwise, shall not constitute a defense to the enforcement
                  by the Company of those covenants and agreements.

            (f)   For purposes of this paragraph 10 but only with respect to the
                  period following the termination of the Agreement the term
                  direct competitor shall not include a separate noncompetitive
                  corporate subsidiary of a company which is a direct
                  competitor, if the Executive is employed solely to perform
                  services for the noncompetitive subsidiary and does not engage
                  in or assist said directly competitive company in any aspect
                  of its business.

      11.   Change of Control. In the event of a "change in control" in the
            Company, prior to the vesting date for any stock options provided to
            the Executive under this Agreement, that adversely impacts
            Executive's ability to vest in or to exercise such options, the
            company shall either accelerate the vesting date of the options such
            that the Executive may exercise them in timely fashion; or pay to
            Executive the cash value of the options to him (fair market value of
            shares less exercise price) immediately prior to the date of the
            change of control; or make some financial arrangement making
            executive whole that is mutually agreeable to the Company and the
            Executive. A "change in control" shall be deemed to occur when, a
            corporation, partnership, association or entity, directly or
            indirectly (through a subsidiary or otherwise), (i) acquires or is
            granted the right to acquire, directly or though merger or similar
            transaction, a majority of the Company's outstanding voting
            securities or shares, or (ii) all or substantially all of the
            company's assets.

<PAGE>

            In addition, upon a change of control Executive shall have the
            option, exercisable in writing within 30 days after the effective
            date of the change in control, to terminate the Employment Agreement
            and to receive as a severance payment an amount equal to 18 months
            base salary. Such severance payment shall be payable in equal
            monthly installments or, at the option of the Company, in a lump sum
            payment discounted based on the then current prime rate of interest
            of Citibank N.A. In addition to his base salary the Company will pay
            Executive the cost of continuing medical insurance for the severance
            period.

      12.   Resolution of Disputes. Any dispute by and among the parties hereto
            arising out of or relying to this Agreement, the terms, conditions
            or a breach thereof, or the rights or obligations of the parties
            with respect thereto, shall be arbitrated in the City of New York,
            New York before and pursuant to then applicable commercial rules and
            regulations of the American Arbitration Association, or any
            successor organization. The arbitration proceedings shall be
            conducted by a panel of three arbitrators, one of whom shall be
            selected by the Company, one by the Executive (or his legal
            representative) and the third arbitrator by the first two chosen.
            The parties shall use their best efforts to assure that the
            selection of the arbitrators shall be completed within thirty (30)
            days and the parties shall use their best efforts to complete the
            arbitration as quickly as possible. In such proceeding, the
            arbitration panel shall determine who is a substantially prevailing
            party and shall award to such party its reasonable attorneys',
            accounts' and other professionals' fees and its costs incurred in
            connection with the proceeding. The award of the arbitration panel
            shall be final, binding upon the parties and nonappealable and may
            be entered in and enforced by any court of competent jurisdiction.
            Such court may add to the award of the arbitration panel additional
            reasonable attorneys' fees and costs incurred by the substantially
            prevailing party in attempting to enforce the award.

      13.   Enforceability. The failure of either party at any time to require
            performance by the other party of any provision hereunder in no way
            shall affect the right of that party thereafter to enforce the same,
            nor shall it affect any other party's right to enforce the same, or
            to enforce any of the other provisions of this Agreement; nor shall
            the waiver by either party of the breach of any provision hereof be
            taken or held to be a waiver of any subsequent breach of such
            provision or as a waiver of the provision itself.

      14.   Assignment. This Agreement is a personal contract and the
            Executive's rights and obligations hereunder may not be sold,
            transferred, assigned, pledged or hypothecated by the Executive. The
            rights and obligations of the Company hereunder shall

      15.   Modification. This Agreement cannot be cancelled. changed, modified,
            or amended orally, and no cancellation, change, modification or
            amendment shall be effective or binding, unless it is in writing,
            signed by both parties to this Agreement, and consented to in
            writing to the Purchaser.

      16.   Severability: Survival. If any provision of this Agreement is held
            to be void and unenforceable by a court of competent jurisdiction,
            the remaining provisions of this Agreement nevertheless shall be
            binding upon the parties with same effect as though the void or
            unenforceable part has been severed and deleted.

      17.   Notice. Notices given pursuant tot he provisions of this Agreement
            shall be sent by certified mail, postage prepaid, or by overnight
            courier, or by telex, telecopier or telegraph, charges prepaid, to
            the following address:

<PAGE>

            To the Company

            Transmedia Europe, Inc.
            11 St. James's Square
            London SW1Y 4LB
            England
            Fax:  011 44 171 839-5727

            with a copy to:

            Davis & Gilbert LLP
            1740 Broadway
            New York, NY  10019
            Attention:  Walter Epstein, Esq.
            Fax:  212 468-4888

            It the Executive

            504 Mt. Vernon Road
            Plantsville, CT 06479
            Fax:

      18.   Applicable Law. This Agreement shall be governed by and construed in
            accordance with the laws of the State of New York.

      19.   No Conflict. The Executive represents and warrants that he is not
            subject to any agreement, instrument, judgement order or decree of
            any kind, or any other restrictive agreement of any character, which
            would prevent him from entering into this Agreement or which would
            be breached by the Executive upon his performance of his duties
            pursuant to this Agreement.

      20.   Entire Agreement. This Agreement represents the entire agreement
            between the Company and the Executive with respect to the subject
            matter hereof.

<PAGE>

      IN WITNESS WHEREOF, the parties have set their hands and seals on and as
      of the day and year first written above.

                                        TRANSMEDIA EUROPE, INC.

                                        /s/ Paul Harrison
                                        ----------------------------------------
                                        Paul Harrison
                                        President

                                        EXECUTIVE

                                        /s/ Michael R. Chambrello
                                        ----------------------------------------
                                        Michael Chambrello

<PAGE>

                             TRANSMEDIA EUROPE, INC.

                      NON-QUALIFIED STOCK OPTION AGREEMENT

      AGREEMENT made as of October 1, 1999, by and between TRANSMEDIA EUROPE,
INC., a Delaware corporation with its principal place of business at 11 St.
James's Square, London SW1Y 4LB England (the "Company"), and the undersigned
(the "Optionee").

                              W I T N E S S E T H:

      WHEREAS, the Company considers it desirable and in its best interests that
the Optionee be encouraged to acquire an ownership interest in the Company, and
thereby have an added incentive to advance the interests of the Company, by the
grant of an option to purchase shares of the Company's common stock, par value
$.00001 per share (the "Common Stock"), on the terms and conditions hereinafter
set forth; and

      NOW, THEREFORE, in consideration of the premises and of the mutual
covenants and agreements contained herein, the Company and the Optionee hereby
agree as follows:

1. Grant of Option.

      The Company hereby grants to the Optionee, the right, privilege and option
(the "Option") to purchase 1,250,000 shares of the Company's Common Stock (the
"Shares") at the exercise prices ("Exercise Prices") and on the vesting terms
("Vesting Terms") set forth in Appendix A. Such number of Shares issuable upon
exercise of the Option shall be subject to adjustment as provided in Section 7
below. The Option is not intended to be an incentive stock option meeting the
requirements of Section 422 of the Internal Revenue Code of 1986, as amended
(the "Code").

2. Time of Exercise of Option.

      Subject to the provisions of Section 4 below, the Option shall vest as
provided in Appendix A, provided, however, that upon a Change in Control (as
defined in the Plan) of the Company, the Option shall be immediately
exercisable. To the extent the Option is not exercised by the Optionee when it
becomes exercisable, it shall continue in full force and effect until the
Expiration Date (as hereinafter defined).

3. Method of Exercise.

      The Option shall be exercised by written notice in the form of Appendix B
hereto directed to the Company at the Company's address set forth above, duly
executed by the Optionee, specifying the number of shares being purchased and
accompanied by either (i) cash or check payable to the order of the Company in
full payment of the Purchase Price for the number of Shares being purchased, or
(ii) certificate(s), duly endorsed for transfer to the Company with signature
guaranteed, for that number of previously acquired Shares having an

<PAGE>

aggregate fair market value as determined in accordance with the Plan ("Fair
Market Value"), on the date of exercise equal to the full Purchase Price for the
number of Shares being purchased, or (iii) a combination of (i) and (ii).

      The Option shall not be exercisable at any time in an amount less than 100
Shares (or the remaining fraction of a Share then covered by and purchasable
under the Option if less than 100 Shares).

4. Term of Options; Exercisability.

      1. This Option shall expire 5 years from the date hereof of this Agreement
(the "Expiration Date"), subject to earlier termination as herein provided.

      2. Except as otherwise provided in this Section 4, if the Optionee's
employment by the Company is terminated for any reason, the Option shall
terminate on the earlier of (i) three months after the date the Optionee's
employment is terminated, or (ii) the date on which the Option expires by its
terms.

      3. If the Optionee's employment by, of, or to, the Company is terminated
by the Company for cause (as such term is defined in his employment agreement),
the Option will to the extent not terminated be deemed to have terminated on the
date immediately preceding the date the Optionee's employment by, or retention
as an agent, director of, or consultant to, the Company is terminated by the
Company and its subsidiaries.

      4. If the Optionee's employment by the Company is terminated because of
disability or death, the Option shall terminate on the earlier of (i) one year
after termination, or (ii) the date on which the Option expires by its terms.

5. Non-Transferability.

      The right of the Optionee to exercise the Option shall not be assignable
or transferable by the Optionee otherwise than by will or the laws of descent
and distribution, and the Option may be exercised during the lifetime of the
Optionee only by the Optionee. The Option shall be null and void and without
effect upon the bankruptcy of the Optionee or upon any attempted assignment or
transfer, except as hereinabove provided, including without limitation, any
purported assignment, whether voluntary or by operation of law, pledge,
hypothecation or other disposition contrary to the provisions hereof, or levy of
execution, attachment, trustee process or similar process, whether legal or
equitable, upon the Option.

6. Representation Letter and Investment Legend.

      A. Notwithstanding the provisions of Sections 3 and 4 hereof, the Option
cannot be exercised, and the Company may delay the issuance of the Shares
covered by the exercise of the Option and the delivery of a certificate for the
Shares, until one of the following conditions shall be satisfied:

<PAGE>

      1. The Shares with respect to which the Option has been exercised are at
the time of the issuance of the Shares effectively registered or qualified under
applicable federal and state securities acts now in force or as hereafter
amended; or

      2. Counsel for the Company shall have given an opinion, which opinion
shall not be unreasonably conditioned or withheld, that the issuance of the
Shares is exempt from registration and qualification under applicable federal
and state securities acts now in force or as hereafter amended.

      B. In the event that for any reason the Shares to be issued upon exercise
of the Option shall not be effectively registered under the Securities Act of
1933, as amended (the "1933 Act"), upon any date on which the Option is
exercised in whole or in part, the Optionee shall give a written representation
to the Company in the form attached hereto as Exhibit A and the Company shall
place an "investment legend," so-called, as described in Exhibit A, upon any
certificate for the Shares issued by reason of such exercise. In the event that
the Company shall, nevertheless, deem it necessary or desirable to register
under the 1933 Act or other applicable statutes the Shares with respect to which
the Option shall have been exercised, or to qualify the Shares for exemption
from the 1933 Act or other applicable statutes, then the Company may take such
action and may require from the Optionee such information in writing for use in
any registration statement, supplementary registration statement, prospectus,
preliminary prospectus, offering circular or any other document that is
reasonably necessary for such purpose and may require reasonable indemnity to
the Company and its officers and directors from the Optionee against all losses,
claims, damages and liabilities arising from such use of the information so
furnished and caused by any untrue statement of any material fact therein or
caused by the omission to state a material fact required to be stated therein or
necessary to make the statements therein not misleading in the light of the
circumstances under which they were made.

      C. The Company shall be under no obligation to qualify the Shares or to
cause a registration statement or a post-effective amendment to any registration
statement to be prepared for the purposes of covering the issue of the Shares or
to cause the issuance of the Shares to be exempt from registration and
qualification under applicable federal and state securities acts now in force or
as hereinafter amended, except as otherwise agreed to by the Company in writing
in its sole discretion and, accordingly, the Company may delay the issuance of
the Shares covered by the exercise of the Option and the delivery of a
certificate for the Shares until the Company shall have determined that all
conditions to the issuance of the Shares shall have been satisfied.

7. Adjustment in and Changes in Common Stock.

      Subject to the Plan, if the outstanding shares of the Common Stock are
changed into or exchanged for a different number or kind of shares or other
securities of the Company by reason of any reorganization, recapitalization,
reclassification, stock split, combination of shares, or dividends payable in
capital stock, appropriate and equitable adjustment shall be made by the Board
of Directors of the Company, in its sole discretion, in the number and kind of
shares as to which the Option or portion thereof then unexercised shall be
exercisable. Such adjustment in the Option shall be made without change in the
total price applicable to the unexercised portion of such the Option and with a
corresponding adjustment in the Option price per share.

<PAGE>

8. Effect on Other Rights.

      This Agreement shall in no way affect the Optionee's participation in or
benefits under any other plan or benefit program maintained or provided by the
Company. Nothing in this Agreement shall be construed to give the Optionee any
right to any additional options other than in the sole discretion of the Board
of Directors of the Company or to confer on the Optionee any right to continue
in the employ of the Company or any subsidiary thereof or to continue to be
retained as an agent, director of, or consultant to, the Company, or to be
evidence of any agreement or understanding, express or implied, that the Company
will employ or continue to retain the Optionee in any particular position or at
any particular rate of remuneration, or for any particular period of time or to
interfere in any way with the right of the Company or a subsidiary thereof (or
the right of the Optionee) to terminate the employment or retention of the
Optionee at any time, with or without cause, notwithstanding the possibility
that the Option may thereby be terminated entirely.

9. Rights as a Stockholder.

      The Optionee shall have no rights as a stockholder with respect to any
Shares which may be purchased by exercise of the Option until (x) the Option
shall have been exercised with respect thereto (including payment to the Company
of the Purchase Price), and (y) the earlier to occur of (i) delivery by the
Company to the optionee of a certificate therefor or (ii) the date on which the
Company is required to deliver a certificate pursuant to the Plan and this
Agreement. Except as otherwise expressly provided in the Plan, no adjustment
shall be made for dividends or other rights for which the record date is prior
to the date such certificate is issued or required to be issued in accordance
with the Plan.

10. Governing Law.

      THIS AGREEMENT SHALL BE GOVERNED BY THE LAWS OF THE STATE OF DELAWARE
APPLICABLE TO CONTRACTS TO BE MADE AND PERFORMED ENTIRELY THEREIN WITHOUT
REFERENCE TO CONFLICT OF LAWS PRINCIPLES.

11. Withholding Taxes.

      Whenever Shares are to be issued upon exercise of the Option, the Company
shall have the right to require the Optionee to remit to the Company an amount
sufficient to satisfy all federal, state and local withholding tax requirements,
if any, prior to the delivery of any certificate or certificates for such
Shares. The Company may agree to permit the Optionee to withhold Shares
purchased upon exercise of this Option to satisfy the above-mentioned
withholding requirement.

<PAGE>

12. Headings.

      The headings contained in this Agreement are for convenience of reference
only and in no way define, limit or describe the scope or intent of this
Agreement or in any way affect this Agreement.

13. Binding Effect.

      This Agreement shall inure to the benefit of and be binding upon the
parties hereto and their respective heirs, executors, administrators, successors
and assigns.

      IN WITNESS WHEREOF, the Company has caused this Agreement to be executed,
and the Optionee has hereunto set his or her hand and seal, all as of the day
and year first above written.

                                        TRANSMEDIA EUROPE, INC.

                                        By: /s/ Paul Harrison
                                           -------------------------------------
                                           Title: President

                                        OPTIONEE:

                                        /s/ Michael R. Chambrello
                                        ----------------------------------------
                                        Michael Chambrello

<PAGE>

                                   APPENDIX A
                            TO STOCK OPTION AGREEMENT

Options granted and vesting period:

Set forth below are the options granted to the Optionee and the vesting schedule
with respect thereto.

Number of Shares      Exercise Price                             Vesting Date
----------------      --------------                             ------------

250,000               $0.875                                     10/1/1999
250,000               $0.875                                     10/1/2000
187,500               110% of market price 2/1/2000              2/1/2001
187,500               110% of market price 2/1/2000              2/1/2002
187,500               110% of market price 2/1/2001              2/1/2002
187,500               110% of market price 2/1/2001              2/1/2003

<PAGE>

                                    EXHIBIT B
                            TO STOCK OPTION AGREEMENT

Date:______________________

Transmedia Europe, Inc.
11 St. James's Square
London SW1Y 4LB
England

Ladies and Gentlemen:

      I hereby elect to purchase ____ shares of the Common Stock, par value
$.00001 per share, of Transmedia Europe, Inc. (the "Company") under the option
granted to me pursuant to the Stock Option Agreement, dated October 1, 1999.

      Enclosed is [cash] [a check] in the amount of $______.___ [______ shares
of the Company's Common Stock] in full payment of the shares being purchased
($________ per share x shares).

      Please deliver certificates representing the shares being purchased to me
at:

        -----------------------------

        -----------------------------

        -----------------------------

      I hereby acknowledge that I have been informed as follows:

      1. The shares of common stock of the Company to be issued to me pursuant
to the exercise of said option have not been registered under the Securities Act
of 1933, as amended (the "1933 Act"), and accordingly, must be held indefinitely
unless such shares are subsequently registered under the 1933 Act, or an
exemption from such registration is available.

      2. Routine sales of securities made in reliance upon Rule 144, if
applicable, under the 1933 Act can be made only after the holding period and in
limited amounts in accordance with the terms and conditions provided by that
Rule, and in any sale to which that Rule is not applicable, registration or
compliance with some other exemption under the 1933 Act will be required.

<PAGE>

      3. The Company is under no obligation to me to register the shares or to
comply with any such exemptions under the 1933 Act.

      4. The availability of Rule 144, if applicable, is dependent upon adequate
current public information with respect to the Company being available and, at
the time that I may desire to make a sale pursuant to the Rule, the Company may
neither wish nor be able to comply with such requirement.

      In consideration of the issuance of certificates for the shares to me, I
hereby represent and warrant that I am acquiring such shares for my own account
for investment, and that I will not sell, pledge, transfer or otherwise dispose
of such shares in the absence of an effective registration statement covering
the same, except as permitted by the provisions of Rule 144, if applicable, or
some other applicable exemption under the 1933 Act. In view of this
representation and warranty, I agree that there may be affixed to the
certificates for the shares to be issued to me, and to all certificates issued
hereafter representing such shares (until in the opinion of counsel, which
opinion must be reasonably satisfactory in form and substance to counsel for the
Company, it is no longer necessary or required) a legend as follows:

      "The shares of common stock represented by this certificate have not been
      registered under the Securities Act of 1933, as amended (the "Act"), and
      were acquired by the registered holder, pursuant to a representation and
      warranty that such holder was acquiring such shares for his or her own
      account and for investment, with no intention to transfer or dispose of
      the same, in violation of the registration requirements of the Act. These
      shares may not be sold, pledged, transferred or otherwise disposed of in
      the absence of an effective registration statement under the Act, or an
      opinion of counsel, which opinion is reasonably satisfactory to counsel to
      the Company, to the effect that registration is not required under the
      Act."

      I further agree that the Company may place a stop order with its Transfer
Agent, prohibiting the transfer of such shares, so long as the legend remains on
the certificates representing the shares.

                                        Very truly yours,

                                        Optionee:_______________________________

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