Document:

<PAGE>

                                 EXHIBIT 4.7
                                 -----------

THIS COMMON STOCK PURCHASE WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE OF
THIS COMMON STOCK PURCHASE WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR UNDER THE PROVISIONS OF ANY
APPLICABLE STATE SECURITIES LAWS, BUT HAVE BEEN ACQUIRED BY THE HOLDER FOR
PURPOSES OF INVESTMENT IN RELIANCE UPON EXEMPTIONS FROM REGISTRATION UNDER SUCH
ACTS AND MAY NOT BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF UNLESS REGISTERED
PURSUANT TO THE PROVISIONS OF THE SECURITIES ACT OR AN OPINION OF COUNSEL IS
OBTAINED STATING THAT SUCH DISPOSITION IS IN COMPLIANCE WITH AN AVAILABLE
EXEMPTION FROM SUCH REGISTRATION.

                        COMPASS KNOWLEDGE HOLDINGS, INC.

                        COMMON STOCK PURCHASE WARRANT
                      TO PURCHASE SHARES OF COMMON STOCK

     THIS CERTIFIES THAT PIONEER VENTURES ASSOCIATES LIMITED PARTNERS
("Holder") or its designees or assigns, is entitled to purchase from COMPASS
KNOWLEDGE HOLDINGS, INC., a Nevada corporation (the "Company"), at the price and
during the periods hereinafter specified, 100,000 shares of Common Stock, $.001
par value, of the Company ("Common Stock").

     This Common Stock Purchase Warrant ("Warrant") is the Warrant
referenced in that certain Letter Agreement between the parties, dated June 27,
2001 (the "Letter Agreement").

     1.    Warrant Term and Exercise Price. (a) This Warrant may be exercised
in whole or in part at any time and from time to time after June 30, 2001, but
not later than 5:00 p.m. Eastern Time, on December 31, 2002 (the "Warrant
Expiration Date"), at an exercise price of fifty-five cents ($.55) per Warrant
Share (such exercise price, as the same may be adjusted from time to time
pursuant to Section 7 hereof or otherwise, the "Exercise Price").

     2.     Manner of Exercise. The rights represented by this Warrant may be
exercised at any time within the period above specified, in whole or in part, by
the surrender of this Warrant to the Company with the "Form of Election to
Purchase" executed and substantially in the form attached hereto as Annex A, at
the principal executive office of the Company at 2710 Rew Circle, Suite 100,
Ocoee, FL 34761 (or such other office or agency of the Company as it may
designate by notice in writing to the Holder at the address of the Holder
appearing on the books of the Company); and the payment to the Company of the
Exercise Price then in effect for the number of Warrant Shares specified in such
purchase form. The Warrant shall be deemed to have been exercised, in whole or
in part, prior to the close of business on the date this Warrant is surrendered
and payment is made in accordance with the foregoing provisions of this Section
2, and the person or persons in whose name or names the certificates for shares
of Common Stock shall be issuable upon such exercise shall become and be
registered as the holder or holders of record of such shares of Common Stock.
The certificates for the shares of Common Stock so purchased shall be delivered
to the Holder within a reasonable time, not exceeding twenty days, after the
rights represented by this Warrant shall have been so exercised. If this Warrant
should be exercised in part only, the Company shall, upon surrender of this
Warrant for cancellation, execute and deliver a new

                                      1
<PAGE>

Warrant evidencing the rights of the Holder thereof to purchase the balance of
the securities purchasable hereunder. The Company agrees that it shall pay any
and all stock transfer taxes payable in connection with any exercise of this
Warrant (excluding any taxes relating to the transfer of this Warrant, which
shall be paid by the Holder).

     3.     Transfer of Warrant; Replacement. (a) Any transfer, sale or
assignment of this Warrant shall be effected by the Holder by (i) duly
executing the form of assignment attached hereto as Annex B and (ii)
surrendering this Warrant for cancellation at the office or agency of the
Company referred to in Section 2 hereof, whereupon the Company shall issue in
the name or names specified by the Holder a new Warrant or Warrants of like
tenor and representing in the aggregate rights to purchase the same number of
Warrant Shares as are purchasable hereunder, and, to such extent, such
transferee or transferees shall succeed, in all respects, as a Holder of this
Warrant. Each completed form of assignment shall be accompanied by an opinion
of counsel reasonably satisfactory to the Company to the effect that the
proposed transfer may be effected without registration under the Securities
Act, provided however, that no such opinion shall be required if such transfer
shall cover a distribution of any portion of the Warrant by the Holder to its
directors, officers, employees, affiliated entities or selected dealers
("Permitted Transferee"), it being understood that the Company may request a
Permitted Transferee to make reasonable representations regarding its
sophistication in financial matters and investment intent with respect to the
Warrant to be transferred to it.

     (b)     Upon receipt by the Company of evidence satisfactory to it of the
loss, theft, destruction or mutilation of this Warrant, and of reasonably
satisfactory indemnification of the Company, the Company will execute and
deliver a new Warrant of like tenor and date, provided that in the case of
mutilation, this Warrant will be surrendered and canceled. Any such new Warrant
so executed and delivered shall constitute an additional contractual obligation
on the part of the Company, whether or not this Warrant so lost, stolen,
destroyed or mutilated shall subsequently be enforceable by anyone at any time.

     4.     Valid Issuance and Reservation of Common Stock. The Company
represents, warrants and covenants that this Warrant has been duly authorized
and when delivered and paid for pursuant to the terms of the Letter Agreement,
will constitute a legal, valid and binding obligation of the Company
enforceable in accordance with its terms. The Warrant Shares have been duly
authorized, and when duly delivered and paid for (and upon the exercise of this
Warrant), will be validly issued, fully paid and nonassessable. A sufficient
number of shares of Stock have been reserved for issuance upon the exercise of
this Warrant. Each of this Warrant and the Warrant Shares conforms to all
statements relating thereto contained in the Letter Agreement, except as
otherwise described herein.

     5.     No Voting Rights. This Warrant shall not entitle the Holder to
any voting right or other rights as a shareholder of the Company.

     6.     Registration Rights.

            6.1     Incidental Registration. The Company agrees that if at any
                    ----------------------
time it shall propose to file a registration statement under the Securities Act
of 1933, as amended (the "Securities Act") on a form suitable for sales by
selling shareholders, it will give written notice to such effect to the Holder,
at least thirty (30) days prior to such filing, and, at the written request of
the Holder, made within ten (10) days after the receipt of such notice, will
include therein at the Company's cost and expense (except for the fees and
expenses of counsel to the Holder and underwriting discounts, commissions and
filing fees attributable to the Warrant Shares included therein) such of the
Warrant Shares held by the Holder as it shall request; provided, however, that
if the offering being registered by the Company is underwritten and if no other
outstanding shares of Company's common stock are included therein and if the
representative of the underwriters certifies that the inclusion therein of the
Warrant Shares would materially and adversely effect the sale of the securities
to be sold by the Company thereunder, the public

                                      2
<PAGE>

offering of the Warrant Shares included in such registration statement either
shall be delayed for a period of ninety (90) days after the commencement of the
underwritten public offering, provided that the representative of the
underwriters certifies that such delay would not materially and adversely
effect the sale of the securities to be sold by the Company or, if the
representative of the underwriters will not so certify, the Holder shall not be
permitted to participate in such registration. Notwithstanding the foregoing,
if the representative of the underwriters certifies that the inclusion therein
of the Warrant Shares would materially and adversely effect the sale of the
securities to be sold by the Company, the Holder shall have the option to
retain on its behalf and at the expense of the Company (except for the fees and
expenses of counsel to the Holder and underwriting discounts, commissions and
filing fees attributable to the shares of the Warrant Shares included therein),
or to cause the Company to retain the services of underwriters reasonably
acceptable to the Company who will be able to sell the Warrant Shares
concurrently with that being offered for sale by the Company. The Company, at
its own expense, will cause the prospectus included in such registration
statement to meet the requirements of the Securities Act for such period of
time, not exceeding ninety (90) days, as may be necessary to effect the sale of
the Warrant Shares included at the request of the Holder.

     6.2     Expenses.
             --------

            (a)     With respect to the inclusion of the Shares pursuant to
Section 6.1 hereof, all fees, costs and expenses of and incidental to such
registration, inclusion and public offering (as specified in Section (b) below)
in connection therewith shall be borne by the Company; provided, however, that
                                                       --------  -------
Holder shall bear its share of the underwriting discount and commissions and
transfer taxes, and Holder shall be responsible for the payment of its own
legal fees.

            (b)    The fees, costs and expenses of registration to be borne by
the Company as provided in Section 6.2(a) above shall include, without
limitation, all registration, filing, and NASD fees, printing expenses, fees
and disbursements of counsel and accountants for the Company, and all legal
fees and disbursements and other expenses of complying with state securities or
blue sky laws of any jurisdictions in which the securities to be offered are to
be registered and qualified (except as provided in Section 6.2(a) above). Fees
and disbursements of counsel and accountants for Holder not expressly included
above shall be borne by Holder.

7.   Adjustments to Exercise Price and Number of Securities.

                 (a)     If prior to the expiration or termination of this
     Warrant the Company shall subdivide its outstanding shares of Common
     stock into a greater number of shares, or declare and pay a dividend on
     its Common Stock payable in additional shares of its Common Stock, the
     Warrant Price as then in effect shall be proportionately reduced, and the
     number of Warrant Shares then subject to exercise under this Warrant (and
     not previously exercised) shall be proportionately increased.

                 (b) If prior to the expiration or termination of this
     Warrant the Company shall combine its outstanding shares of the Common
     Stock into a smaller number of shares, the Warrant Price, as then in
     effect, shall be proportionately increased and the number of Warrant
     Shares then subject to exercise under this Warrant (and not previously
     exercised) shall be proportionately reduced.

                 (c) If any adjustment under this Section 7 would create
       a fractional share of Common Stock or a right to acquire a fractional
       Share such fractional Share be disregarded and the number of Shares
       subject to this Warrant will be the next higher number of shares,
       rounding all fractions upward. Whenever there is an adjustment under
       this Section 7, the Company will forthwith notify the Holder of such
       adjustment, setting forth in reasonable detail the event requiring the
       adjustment and the method by which such adjustment was calculated.

                                      3
<PAGE>

                 (d) If all or any portion of this Warrant is exercised
     after any merger, consolidation, exchange of shares, separation,
     reorganization or liquidation of the Company or other similar event,
     occurring after the date hereof and, as a result of, shares of Common
     Stock are changed into the same or a different number of shares of the
     same or another class or classes of securities of the Company or another
     entity, then the Holder exercising this Warrant will receive, for the
     aggregate price paid on such exercise, the aggregate number and class of
     shares that the Holder would have received if this Warrant had been
     exercised immediately before such merger, consolidation, exchange of
     shares, separation, reorganization or liquidation or other similar event.
     If any adjustment under this Section 7 would create a fractional share of
     Common Stock or a right to acquire a fractional share of Common Stock,
     such fractional share will be disregarded and the number of shares
     subject to this Warrant will be the next higher number of shares,
     rounding all fractions upward. Whenever there is an adjustment pursuant
     to this Section 7, the Company will forthwith notify the Holder of such
     adjustment, setting forth in reasonable detail the event requiring the
     adjustment and the method by which such adjustment was calculated.

       8.     Notices to Warrant Holders. Nothing contained in this Agreement
shall be construed as conferring upon the Holders the right to vote or to
consent or to receive notice as a stockholder in respect of any meetings of
stockholders for the election of directors or any other matter, or as having
any rights whatsoever as a stockholder of the Company. If, however, at any time
prior to the expiration of the Warrants and their exercise, any of the
following events shall occur:

(i) the Company shall take a record of the holders of its shares of Common
    Stock for the purpose of entitling them to receive a dividend or
    distribution payable otherwise than in cash, or a cash dividend or
    distribution payable otherwise than out of current or retained earnings, as
    indicated by the accounting treatment of such dividend or distribution on
    the books of the Company; or

     (ii)     the Company shall offer to all the holders of its Common Stock
any additional shares of capital stock of the Company or securities convertible
into or exchangeable for shares of capital stock of the Company, or any option
right or warrant to subscribe therefore; or

     (iii)  a dissolution, liquidation or winding up of the Company (other
than in connection with a consolidation or merger) or a sale of all or
substantially all of its property, assets and business as an entirety shall be
proposed; then, in any one or more of said events, the Company shall give
written notice of such event at least (15) days prior to the date fixed as a
record date or the date of closing the transfer books for the determination of
the stockholders entitled to such dividend, distribution, convertible or
exchangeable securities or subscription rights, or entitled to vote on such
proposed dissolution, liquidation, winding up or sale. Such notice shall specify
such record date or the date of closing the transfer books, as the case may be.
Failure to give such notice or any defect therein shall not affect the validity
of any action taken in connection with the declaration or payment of any such
dividend, or the issuance of any convertible or exchangeable securities, or
subscription rights, options or warrants, or any proposed dissolution,
liquidation, winding up or sale.

     9.     Notices. All notices, requests, consents and other communications
hereunder shall be in writing and shall be deemed to have been duly made when
delivered, or mailed by registered or certified mail, return receipt requested:

     (i)    If to a Holder, to the address of such Holder as shown on the
books of the Company; or

     (ii)   If to the Company, to the address set forth in Section 2 hereof, or
to such other address as the Company may designate by notice to the Holders.

     10.    Supplements and Amendments. The Company and the Holder may from
time to time supplement or amend this Agreement without the approval of any
Holders in order to cure any ambiguity,

                                      4
<PAGE>

to correct or supplement any provision contained herein which may be defective
or inconsistent with any provision herein, or to make any other provisions in
regard to matters or questions arising hereunder which the Company and the
Holder may deem necessary or desirable and which the Company and the Holder
deem shall not adversely affect the interests of any Holders. Other amendments
to this Agreement may be made only with the written consent of Holders of a
majority of the Warrants Shares subject to the then outstanding portion of this
Warrant.

     11.    Successors. All the covenants and provisions of this Agreement
shall be binding upon and inure to the benefit of the Company, the Holders and
their respective successors and assigns hereunder.

     12.    Governing Law: Submission to Jurisdiction. This Agreement shall be
governed by, and construed in accordance with, the laws of the State of Florida
applicable to contracts entered into and to be performed wholly within said
State.

     The Company and each of the Holders hereby agree that any action,
proceeding or claim against it arising out of, or relating in any way to, this
Agreement shall be brought and enforced in the courts of the State of Florida,
and irrevocably submits to such jurisdiction, which jurisdiction shall be
exclusive. The Company and each of the Holders hereby irrevocably waives any
objection to such exclusive jurisdiction or inconvenient forum. Any such
process or summons to be served upon any of the Company and the Holder (at the
option of the party bringing such action, proceeding or claim) may be served by
transmitting a copy thereof, by registered or certified mail, return receipt
requested, postage prepaid, addressed to it at the address as set forth in
Section 9 hereof. Such mailing shall be deemed personal service and shall be
legal and binding upon the party so served in any action, proceeding or claim.
The Company and each Holder, by its acceptance of an Warrant, agrees that the
prevailing party(ies) in any such action or proceeding shall be entitled to
recover from the other party(ies) all of its/their reasonable legal costs and
expenses relating to such action or proceeding and/or incurred in connection
with the preparation therefore.

     13.    Entire Agreement. This Agreement contains the entire understanding
between the parties hereto and supersedes all prior agreements and
understandings, written or oral, with respect to the subject matter hereof.

     14.    Severability. If any provision of this Agreement shall be held to
be invalid and unenforceable, such invalidity or unenforceability shall not
affect any other provision of this Agreement.

     15.    Captions. The caption headings of the Sections of this Agreement
are for convenience of reference only and are not intended, nor should they be
construed as, a part of this Agreement and shall be given no substantive effect.

     16.    Benefits of this Agreement. Nothing in this Agreement shall be
construed to give to any person or corporation other than the Company and any
Holder any legal or equitable right, remedy or claim under this Agreement; and
this Agreement shall be for the sole and exclusive benefit of the Company and
any Holder.

     17.    Counterparts. This Agreement may be executed in any number of
counterparts and each of such counterparts shall for all purposes be deemed to
be an original, and such counterparts shall together constitute but one and the
same instrument.

     18.    Redemption. If the Company's Common Stock is listed for trading on
the NASDAQ Stock Market, the New York Stock Exchange, the American Stock
Exchange or the OTC Bulletin Board Service or any similar exchange ("Listed")
and the average closing sales price of the Company's Common Stock during any
twenty (20) consecutive day trading period exceeds two (2) times the Exercise

                                      5
<PAGE>

Price (such average, the "Current Market Price"), upon thirty (30) days prior
written notice to the Holder, the Company may redeem (during which time the
Investor may exercise this Warrant as provided herein) the Warrant at a price
equal to the Current Market Price multiplied by the number of shares of Warrant
Stock then subject to the Warrant.

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

COMPASS KNOWLEDGE HOLDINGS, INC.

By: /s/ Rogers W. Kirven, Jr
    ------------------------
Authorized Officer

Attest:

/s/ Daniel J. Devine
----------------------
President

PIONEER VENTURES ASSOCIATES LIMITED PARTNERS

By: /s/ John F. Ferraro
   -------------------------
          Authorized Officer

                                      6
<PAGE>

                                  ANNEX A

                        [FORM OF ELECTION TO PURCHASE]

          (To be executed upon cash exercise of Common Stock Purchase Warrant)

     The undersigned hereby irrevocably elects to exercise the right, set forth
in the Common Stock Purchase Warrant (the "Warrant"), dated ________, 2001, by
and between COMPASS KNOWLEDGE HOLDINGS, INC.("Company") and PIONEER VENTURES
ASSOCIATES LIMITED PARTNERS to purchase Warrant Shares of the Company and
herewith (i) tenders payment for such Warrant Shares to the order of the
Company in the Amount of ____________________ ($______) in accordance with the
terms of this Warrant, (ii) certifies that the undersigned has such knowledge
and experience in financial and business matters that the undersigned is
capable of evaluating the merits and risks of an investment in the Warrant
Shares, and (iii) agrees to be bound by the provisions of the Warrant.
Capitalized terms used herein and not otherwise defined herein shall have the
meaning ascribed to them in the
Warrant.

     The undersigned requests that a Warrant for the number of shares of Common
Stock represented by such payment be registered in the name of
_______________________whose address is , and that such certificate and Warrant
Shares be delivered to ____________________, whose address is If said number of
Warrant Shares is less than all of the Warrant Shares purchasable hereunder,
the undersigned requests that a new Warrant representing the remaining balance
of the Warrant Shares be registered in the name of ____________________________,
whose address is , and that such Warrant be delivered to
whose address is _____________________________________

Signature:__________________________
(Signature must conform in all respects to name of holder as specified in the
Common Stock Purchase Warrant.

Date: __________________

                                      7
<PAGE>

                                  ANNEX B

                                ASSIGNMENT

     For Value Received, the undersigned registered owner hereby sells, assigns
and transfers unto the rights to purchase the number of Warrant Shares set
forth below as represented in the foregoing Common Stock Purchase Warrant of
COMPASS KNOWLEDGE HOLDINGS, INC., and appoints attorney to transfer said rights
on the books of said corporation, with full power of substitution in the
premises

          Name of Registered Owner:
          Number of Warrant Shares Transferred:

          By:___________________________
          Its:__________________________

          Dated: _____________

                                      8
<PAGE>

THIS COMMON STOCK PURCHASE WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE OF
THIS COMMON STOCK PURCHASE WARRANT HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR UNDER THE
PROVISIONS OF ANY APPLICABLE STATE SECURITIES LAWS, BUT HAVE BEEN ACQUIRED BY
THE HOLDER FOR PURPOSES OF INVESTMENT IN RELIANCE UPON EXEMPTIONS FROM
REGISTRATION UNDER SUCH ACTS AND MAY NOT BE TRANSFERRED, SOLD OR OTHERWISE
DISPOSED OF UNLESS REGISTERED PURSUANT TO THE PROVISIONS OF THE SECURITIES ACT
OR AN OPINION OF COUNSEL IS OBTAINED STATING THAT SUCH DISPOSITION IS IN
COMPLIANCE WITH AN AVAILABLE EXEMPTION FROM SUCH REGISTRATION.

                           COMPASS KNOWLEDGE HOLDINGS, INC.

                           COMMON STOCK PURCHASE WARRANT
                          TO PURCHASE SHARES OF COMMON STOCK

     THIS CERTIFIES THAT PIONEER VENTURES ASSOCIATES LIMITED PARTNERS
("Holder") or its designees or assigns, is entitled to purchase from COMPASS
KNOWLEDGE HOLDINGS, INC., a Nevada corporation (the "Company"), at the price
and during the periods hereinafter specified, 100,000 shares of Common Stock,
$.001 par value, of the Company ("Common Stock").

     This Common Stock Purchase Warrant ("Warrant") is the Warrant
referenced in that certain Letter Agreement between the parties, dated June 27,
2001 (the "Letter Agreement").

     1.     Warrant Term and Exercise Price. (a) This Warrant may be exercised
in whole or in part at any time and from time to time after June 30, 2001, but
not later than 5:00 p.m. Eastern Time, on June 30, 2004 (the "Warrant
Expiration Date"), at an exercise price of One Dollar ($1.00) per Warrant Share
(such exercise price, as the same may be adjusted from time to time pursuant to
Section 7 hereof or otherwise, the "Exercise Price").

     2.     Manner of Exercise. The rights represented by this Warrant may be
exercised at any time within the period above specified, in whole or in part,
by the surrender of this Warrant to the Company with the "Form of Election to
Purchase" executed and substantially in the form attached hereto as Annex A, at
the principal executive office of the Company at 2710 Rew Circle, Suite 100,
Ocoee, FL 34761 (or such other office or agency of the Company as it may
designate by notice in writing to the Holder at the address of the Holder
appearing on the books of the Company); and the payment to the Company of the
Exercise Price then in effect for the number of Warrant Shares specified in
such purchase form. The Warrant shall be deemed to have been exercised, in
whole or in part, prior to the close of business on the date this Warrant is
surrendered and payment is made in accordance with the foregoing provisions of
this Section 2, and the person or persons in whose name or names the
certificates for shares of Common Stock shall be issuable upon such exercise
shall become and be registered as the holder or holders of record of such
shares of Common Stock. The certificates for the shares of Common Stock so
purchased shall be delivered to the Holder within a reasonable time, not
exceeding twenty days, after the rights represented by this Warrant shall have
been so exercised. If this Warrant should be exercised in part only, the
Company shall, upon surrender of this Warrant for cancellation, execute and
deliver a new Warrant evidencing the rights of the Holder thereof to purchase
the balance of the securities purchasable hereunder. The Company agrees that it
shall pay any and all stock transfer taxes payable in connection with any
exercise of this Warrant (excluding any taxes relating to the transfer of this
Warrant, which shall be paid by the Holder).

                                      9
<PAGE>

     3.     Transfer of Warrant; Replacement. (a) Any transfer, sale or
assignment of this Warrant shall be effected by the Holder by (i) duly
executing the form of assignment attached hereto as Annex B and (ii)
surrendering this Warrant for cancellation at the office or agency of the
Company referred to in Section 2 hereof, whereupon the Company shall issue in
the name or names specified by the Holder a new Warrant or Warrants of like
tenor and representing in the aggregate rights to purchase the same number of
Warrant Shares as are purchasable hereunder, and, to such extent, such
transferee or transferees shall succeed, in all respects, as a Holder of this
Warrant. Each completed form of assignment shall be accompanied by an opinion
of counsel reasonably satisfactory to the Company to the effect that the
proposed transfer may be effected without registration under the Securities
Act, provided however, that no such opinion shall be required if such transfer
shall cover a distribution of any portion of the Warrant by the Holder to its
directors, officers, employees, affiliated entities or selected dealers
("Permitted Transferee"), it being understood that the Company may request a
Permitted Transferee to make reasonable representations regarding its
sophistication in financial matters and investment intent with respect to the
Warrant to be transferred to it.

     (b)     Upon receipt by the Company of evidence satisfactory to it of the
loss, theft, destruction or mutilation of this Warrant, and of reasonably
satisfactory indemnification of the Company, the Company will execute and
deliver a new Warrant of like tenor and date, provided that in the case of
mutilation, this Warrant will be surrendered and canceled. Any such new Warrant
so executed and delivered shall constitute an additional contractual obligation
on the part of the Company, whether or not this Warrant so lost, stolen,
destroyed or mutilated shall subsequently be enforceable by anyone at any time.

     4.     Valid Issuance and Reservation of Common Stock. The Company
represents, warrants and covenants that this Warrant has been duly authorized
and when delivered and paid for pursuant to the terms of the Letter Agreement,
will constitute a legal, valid and binding obligation of the Company
enforceable in accordance with its terms. The Warrant Shares have been duly
authorized, and when duly delivered and paid for (and upon the exercise of this
Warrant), will be validly issued, fully paid and nonassessable. A sufficient
number of shares of Stock have been reserved for issuance upon the exercise of
this Warrant. Each of this Warrant and the Warrant Shares conforms to all
statements relating thereto contained in the Letter Agreement, except as
otherwise described herein.

     5.     No Voting Rights. This Warrant shall not entitle the Holder to any
voting right or other rights as a shareholder of the Company.

     6.     Registration Rights.

            6.1     Incidental Registration. The Company agrees that if at any
                    -----------------------
time it shall propose to file a registration statement under the Securities Act
of 1933, as amended (the "Securities Act") on a form suitable for sales by
selling shareholders, it will give written notice to such effect to the Holder,
at least thirty (30) days prior to such filing, and, at the written request of
the Holder, made within ten (10) days after the receipt of such notice, will
include therein at the Company's cost and expense (except for the fees and
expenses of counsel to the Holder and underwriting discounts, commissions and
filing fees attributable to the Warrant Shares included therein) such of the
Warrant Shares held by the Holder as it shall request; provided, however, that
if the offering being registered by the Company is underwritten and if no other
outstanding shares of Company's common stock are included therein and if the
representative of the underwriters certifies that the inclusion therein of the
Warrant Shares would materially and adversely effect the sale of the securities
to be sold by the Company thereunder, the public offering of the Warrant Shares
included in such registration statement either shall be delayed for a period of
ninety (90) days after the commencement of the underwritten public offering,
provided that the representative of the underwriters certifies that such delay
would not materially and adversely effect the sale of the securities to be sold
by the Company or, if the representative of the underwriters will not so

                                      10
<PAGE>

certify, the Holder shall not be permitted to participate in such registration.
Notwithstanding the foregoing, if the representative of the underwriters
certifies that the inclusion therein of the Warrant Shares would materially and
adversely effect the sale of the securities to be sold by the Company, the
Holder shall have the option to retain on its behalf and at the expense of the
Company (except for the fees and expenses of counsel to the Holder and
underwriting discounts, commissions and filing fees attributable to the shares
of the Warrant Shares included therein), or to cause the Company to retain the
services of underwriters reasonably acceptable to the Company who will be able
to sell the Warrant Shares concurrently with that being offered for sale by the
Company. The Company, at its own expense, will cause the prospectus included in
such registration statement to meet the requirements of the Securities Act for
such period of time, not exceeding ninety (90) days, as may be necessary to
effect the sale of the Warrant Shares included at the request of the Holder.

     6.2     Expenses.
             ---------

             (a)     With respect to the inclusion of the Shares pursuant to
Section 6.1 hereof, all fees, costs and expenses of and incidental to such
registration, inclusion and public offering (as specified in Section (b) below)
in connection therewith shall be borne by the Company; provided, however, that
                                                       -----------------
Holder shall bear its share of the underwriting discount and commissions and
transfer taxes, and Holder shall be responsible for the payment of its own
legal fees.

             (b)     The fees, costs and expenses of registration to be borne
by the Company as provided in Section 6.2(a) above shall include, without
limitation, all registration, filing, and NASD fees, printing expenses, fees
and disbursements of counsel and accountants for the Company, and all legal
fees and disbursements and other expenses of complying with state securities or
blue sky laws of any jurisdictions in which the securities to be offered are to
be registered and qualified (except as provided in Section 6.2(a) above). Fees
and disbursements of counsel and accountants for Holder not expressly included
above shall be borne by Holder.

7.   Adjustments to Exercise Price and Number of Securities.

               (a)     If prior to the expiration or termination of this
     Warrant the Company shall subdivide its outstanding shares of Common stock
     into a greater number of shares, or declare and pay a dividend on its
     Common Stock payable in additional shares of its Common Stock, the Warrant
     Price as then in effect shall be proportionately reduced, and the number
     of Warrant Shares then subject to exercise under this Warrant
     (and not previously exercised) shall be proportionately increased.

               (b) If prior to the expiration or termination of this Warrant
     the Company shall combine its outstanding shares of the Common Stock into
     a smaller number of shares, the Warrant Price, as then in effect, shall be
     proportionately increased and the number of Warrant Shares then subject to
     exercise under this Warrant (and not previously exercised) shall be
     proportionately reduced.

               (c) If any adjustment under this Section 7 would create a
     fractional share of Common Stock or a right to acquire a fractional Share
     such fractional Share be disregarded and the number of Shares subject to
     this Warrant will be the next higher number of shares, rounding all
     fractions upward. Whenever there is an adjustment under this Section 7,
     the Company will forthwith notify the Holder of such adjustment, setting
     forth in reasonable detail the event requiring the adjustment and the
     method by which such adjustment was calculated.

               (d) If all or any portion of this Warrant is exercised after any
     merger, consolidation, exchange of shares, separation, reorganization or
     liquidation of the Company or other similar event, occurring after the
     date hereof and, as a result of, shares of Common Stock are changed into
     the

                                      11
<PAGE>

     same or a different number of shares of the same or another class or
     classes of securities of the Company or another entity, then the Holder
     exercising this Warrant will receive, for the aggregate price paid on such
     exercise, the aggregate number and class of shares that the Holder would
     have received if this Warrant had been exercised immediately before such
     merger, consolidation, exchange of shares, separation, reorganization or
     liquidation or other similar event. If any adjustment under this Section 7
     would create a fractional share of Common Stock or a right to acquire a
     fractional share of Common Stock, such fractional share will be
     disregarded and the number of shares subject to this Warrant will be the
     next higher number of shares, rounding all fractions upward. Whenever
     there is an adjustment pursuant to this Section 7, the Company
     will forthwith notify the Holder of such adjustment, setting forth in
     reasonable detail the event requiring the adjustment and the method by
     which such adjustment was calculated.

     8.     Notices to Warrant Holders. Nothing contained in this Agreement
shall be construed as conferring upon the Holders the right to vote or to
consent or to receive notice as a stockholder in respect of any meetings of
stockholders for the election of directors or any other matter, or as having
any rights whatsoever as a stockholder of the Company. If, however, at any time
prior to the expiration of the Warrants and their exercise, any of the
following events shall occur:

(i) the Company shall take a record of the holders of its shares of Common
Stock for the purpose of entitling them to receive a dividend or distribution
payable otherwise than in cash, or a cash dividend or distribution payable
otherwise than out of current or retained earnings, as indicated by the
accounting treatment of such dividend or distribution on the books of the
Company; or

     (ii)    the Company shall offer to all the holders of its Common Stock any
additional shares of capital stock of the Company or securities convertible
into or exchangeable for shares of capital stock of the Company, or any option
right or warrant to subscribe therefore; or

     (iii)   a dissolution, liquidation or winding up of the Company (other
than in connection with a consolidation or merger) or a sale of all or
substantially all of its property, assets and business as an entirety shall be
proposed; then, in any one or more of said events, the Company shall give
written notice of such event at least (15) days prior to the date fixed as a
record date or the date of closing the transfer books for the determination of
the stockholders entitled to such dividend, distribution, convertible or
exchangeable securities or subscription rights, or entitled to vote on such
proposed dissolution, liquidation, winding up or sale. Such notice shall
specify such record date or the date of closing the transfer books, as the case
may be. Failure to give such notice or any defect therein shall not affect the
validity of any action taken in connection with the declaration or payment of
any such dividend, or the issuance of any convertible or exchangeable
securities, or subscription rights, options or warrants, or any proposed
dissolution, liquidation, winding up or sale.

     9.      Notices. All notices, requests, consents and other communications
hereunder shall be in writing and shall be deemed to have been duly made when
delivered, or mailed by registered or certified mail, return receipt requested:

     (i)     If to a Holder, to the address of such Holder as shown on the
books of the Company; or

     (ii)    If to the Company, to the address set forth in Section 2 hereof,
or to such other address as the Company may designate by notice to the Holders.

     10.     Supplements and Amendments. The Company and the Holder may from
time to time supplement or amend this Agreement without the approval of any
Holders in order to cure any ambiguity, to correct or supplement any provision
contained herein which may be defective or inconsistent with any provision
herein, or to make any other provisions in regard to matters or questions
arising hereunder which the Company and the Holder may deem necessary or
desirable and which the Company and the

                                      12
<PAGE>

Holder deem shall not adversely affect the interests of any Holders. Other
amendments to this Agreement may be made only with the written consent of
Holders of a majority of the Warrants Shares subject to the then outstanding
portion of this Warrant.

     11.     Successors. All the covenants and provisions of this Agreement
shall be binding upon and inure to the benefit of the Company, the Holders and
their respective successors and assigns hereunder.

     12.     Governing Law: Submission to Jurisdiction. This Agreement shall be
governed by, and construed in accordance with, the laws of the State of Florida
applicable to contracts entered into and to be performed wholly within said
State.

     The Company and each of the Holders hereby agree that any action,
proceeding or claim against it arising out of, or relating in any way to, this
Agreement shall be brought and enforced in the courts of the State of Florida,
and irrevocably submits to such jurisdiction, which jurisdiction shall be
exclusive. The Company and each of the Holders hereby irrevocably waives any
objection to such exclusive jurisdiction or inconvenient forum. Any such
process or summons to be served upon any of the Company and the Holder (at the
option of the party bringing such action, proceeding or claim) may be served by
transmitting a copy thereof, by registered or certified mail, return receipt
requested, postage prepaid, addressed to it at the address as set forth in
Section 9 hereof. Such mailing shall be deemed personal service and shall be
legal and binding upon the party so served in any action, proceeding or claim.
The Company and each Holder, by its acceptance of an Warrant, agrees that the
prevailing party(ies) in any such action or proceeding shall be entitled to
recover from the other party(ies) all of its/their reasonable legal costs and
expenses relating to such action or proceeding and/or incurred in connection
with the preparation therefore.

     13.     Entire Agreement. This Agreement contains the entire understanding
between the parties hereto and supersedes all prior agreements and
understandings, written or oral, with respect to the subject matter hereof.

     14.     Severability. If any provision of this Agreement shall be held to
be invalid and unenforceable, such invalidity or unenforceability shall not
affect any other provision of this Agreement.

     15.     Captions. The caption headings of the Sections of this Agreement
are for convenience of reference only and are not intended, nor should they be
construed as, a part of this Agreement and shall be given no substantive effect.

     16.     Benefits of this Agreement. Nothing in this Agreement shall be
construed to give to any person or corporation other than the Company and any
Holder any legal or equitable right, remedy or claim under this Agreement; and
this Agreement shall be for the sole and exclusive benefit of the Company and
any Holder.

     17.     Counterparts. This Agreement may be executed in any number of
counterparts and each of such counterparts shall for all purposes be deemed to
be an original, and such counterparts shall together constitute but one and the
same instrument.

     18.     Redemption. If the Company's Common Stock is listed for trading on
the NASDAQ Stock Market, the New York Stock Exchange, the American Stock
Exchange or the OTC Bulletin Board Service or any similar exchange ("Listed")
and the average closing sales price of the Company's Common Stock during any
twenty (20) consecutive day trading period exceeds two (2) times the Exercise
Price (such average, the "Current Market Price"), upon thirty (30) days prior
written notice to the Holder, the Company may redeem (during which time the
Investor may exercise this Warrant as provided herein)

                                      13
<PAGE>

the Warrant at a price equal to the Current Market Price multiplied by the
number of shares of Warrant Stock then subject to the Warrant.

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

COMPASS KNOWLEDGE HOLDINGS, INC.

By: /s/ Rogers W. Kirven, Jr
   -------------------------
Authorized Officer

Attest:

/s/ Daniel J. Devine
----------------------
President

PIONEER VENTURES ASSOCIATES LIMITED PARTNERS

By: /s/ John F. Ferraro
   -----------------------
        Authorized Officer

                                      14
<PAGE>

                                  ANNEX A

                        [FORM OF ELECTION TO PURCHASE]

          (To be executed upon cash exercise of Common Stock Purchase Warrant)

     The undersigned hereby irrevocably elects to exercise the right, set forth
in the Common Stock Purchase Warrant (the "Warrant"), dated ________, 2001, by
and between COMPASS KNOWLEDGE HOLDINGS, INC. ("Company") and PIONEER VENTURES
ASSOCIATES LIMITED PARTNERS to purchase Warrant Shares of the Company and
herewith (i) tenders payment for such Warrant Shares to the order of the
Company in the Amount of ___________________($_______) in accordance with the
terms of this Warrant, (ii) certifies that the undersigned has such knowledge
and experience in financial and business matters that the undersigned is
capable of evaluating the merits and risks of an investment in the Warrant
Shares, and (iii) agrees to be bound by the provisions of the Warrant.
Capitalized terms used herein and not otherwise defined herein shall have the
meaning ascribed to them in the Warrant.

     The undersigned requests that a Warrant for the number of shares of Common
Stock represented by such payment be registered in the name of
_______________________whose address is , and that such certificate and Warrant
Shares be delivered to ____________________, whose address is If said number of
Warrant Shares is less than all of the Warrant Shares purchasable hereunder,
the undersigned requests that a new Warrant representing the remaining balance
of the Warrant Shares be registered in the name of
____________________________________________, whose address is , and that such
Warrant be delivered to
whose address is_____________________________________

Signature:__________________________
(Signature must conform in all respects to name of holder as specified in the
Common Stock Purchase Warrant.

Date: __________________

                                      15
<PAGE>

                                  ANNEX B

                                ASSIGNMENT

     For Value Received, the undersigned registered owner hereby sells, assigns
and transfers unto the rights to purchase the number of Warrant Shares set
forth below as represented in the foregoing Common Stock Purchase Warrant of
COMPASS KNOWLEDGE HOLDINGS, INC., and appoints attorney to transfer said rights
on the books of said corporation, with full power of substitution in the
premises

            Name of Registered Owner:
            Number of Warrant Shares Transferred:

            By: ___________________________
            Its:___________________________

            Dated: _____________

                                      16
<PAGE>

THIS COMMON STOCK PURCHASE WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE OF
THIS COMMON STOCK PURCHASE WARRANT HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR UNDER THE
PROVISIONS OF ANY APPLICABLE STATE SECURITIES LAWS, BUT HAVE BEEN ACQUIRED BY
THE HOLDER FOR PURPOSES OF INVESTMENT IN RELIANCE UPON EXEMPTIONS FROM
REGISTRATION UNDER SUCH ACTS AND MAY NOT BE TRANSFERRED, SOLD OR OTHERWISE
DISPOSED OF UNLESS REGISTERED PURSUANT TO THE PROVISIONS OF THE SECURITIES ACT
OR AN OPINION OF COUNSEL IS OBTAINED STATING THAT SUCH DISPOSITION IS IN
COMPLIANCE WITH AN AVAILABLE EXEMPTION FROM SUCH REGISTRATION.

                       COMPASS KNOWLEDGE HOLDINGS, INC.

                         COMMON STOCK PURCHASE WARRANT
                      TO PURCHASE SHARES OF COMMON STOCK

     THIS CERTIFIES THAT PIONEER VENTURES ASSOCIATES LIMITED PARTNERS
("Holder") or its designees or assigns, is entitled to purchase from COMPASS
KNOWLEDGE HOLDINGS, INC., a Nevada corporation (the "Company"), at the price
and during the periods hereinafter specified, 100,000 shares of Common Stock,
$.001 par value, of the Company ("Common Stock").

     This Common Stock Purchase Warrant ("Warrant") is the Warrant
referenced in that certain Letter Agreement between the parties, dated June 27,
2001 (the "Letter Agreement").

     1.     Warrant Term and Exercise Price. (a) This Warrant may be exercised
in whole or in part at any time and from time to time after June 30, 2001, but
not later than 5:00 p.m. Eastern Time, on December 31, 2002 (the "Warrant
Expiration Date"), at an exercise price of fifty-five cents ($.55) per Warrant
Share (such exercise price, as the same may be adjusted from time to time
pursuant to Section 7 hereof or otherwise, the "Exercise Price").

     2.     Manner of Exercise. The rights represented by this Warrant may be
exercised at any time within the period above specified, in whole or in part,
by the surrender of this Warrant to the Company with the "Form of Election to
Purchase" executed and substantially in the form attached hereto as Annex A, at
the principal executive office of the Company at 2710 Rew Circle, Suite 100,
Ocoee, FL 34761 (or such other office or agency of the Company as it may
designate by notice in writing to the Holder at the address of the Holder
appearing on the books of the Company); and the payment to the Company of the
Exercise Price then in effect for the number of Warrant Shares specified in
such purchase form. The Warrant shall be deemed to have been exercised, in
whole or in part, prior to the close of business on the date this Warrant is
surrendered and payment is made in accordance with the foregoing provisions of
this Section 2, and the person or persons in whose name or names the
certificates for shares of Common Stock shall be issuable upon such exercise
shall become and be registered as the holder or holders of record of such
shares of Common Stock. The certificates for the shares of Common Stock so
purchased shall be delivered to the Holder within a reasonable time, not
exceeding twenty days, after the rights represented by this Warrant shall have
been so exercised. If this Warrant should be exercised in part only, the
Company shall, upon surrender of this Warrant for cancellation, execute and
deliver a new Warrant evidencing the rights of the Holder thereof to purchase
the balance of the securities purchasable hereunder. The Company agrees that it
shall pay any and all stock transfer taxes payable in connection with any
exercise of this Warrant (excluding any taxes relating to the transfer of this
Warrant, which shall be paid by the Holder).

                                      17
<PAGE>

     3.     Transfer of Warrant; Replacement. (a) Any transfer, sale or
assignment of this Warrant shall be effected by the Holder by (i) duly executing
the form of assignment attached hereto as Annex B and (ii) surrendering this
Warrant for cancellation at the office or agency of the Company referred to in
Section 2 hereof, whereupon the Company shall issue in the name or names
specified by the Holder a new Warrant or Warrants of like tenor and representing
in the aggregate rights to purchase the same number of Warrant Shares as are
purchasable hereunder, and, to such extent, such transferee or transferees shall
succeed, in all respects, as a Holder of this Warrant. Each completed form of
assignment shall be accompanied by an opinion of counsel reasonably satisfactory
to the Company to the effect that the proposed transfer may be effected without
registration under the Securities Act, provided however, that no such opinion
shall be required if such transfer shall cover a distribution of any portion of
the Warrant by the Holder to its directors, officers, employees, affiliated
entities or selected dealers ("Permitted Transferee"), it being understood that
the Company may request a Permitted Transferee to make reasonable
representations regarding its sophistication in financial matters and investment
intent with respect to the Warrant to be transferred to it.

     (b)    Upon receipt by the Company of evidence satisfactory to it of the
loss, theft, destruction or mutilation of this Warrant, and of reasonably
satisfactory indemnification of the Company, the Company will execute and
deliver a new Warrant of like tenor and date, provided that in the case of
mutilation, this Warrant will be surrendered and canceled. Any such new Warrant
so executed and delivered shall constitute an additional contractual obligation
on the part of the Company, whether or not this Warrant so lost, stolen,
destroyed or mutilated shall subsequently be enforceable by anyone at any time.

     4.     Valid Issuance and Reservation of Common Stock. The Company
represents, warrants and covenants that this Warrant has been duly authorized
and when delivered and paid for pursuant to the terms of the Letter Agreement,
will constitute a legal, valid and binding obligation of the Company enforceable
in accordance with its terms. The Warrant Shares have been duly authorized, and
when duly delivered and paid for (and upon the exercise of this Warrant), will
be validly issued, fully paid and nonassessable. A sufficient number of shares
of Stock have been reserved for issuance upon the exercise of this Warrant. Each
of this Warrant and the Warrant Shares conforms to all statements relating
thereto contained in the Letter Agreement, except as otherwise described herein.

     5.     No Voting Rights. This Warrant shall not entitle the Holder to any
voting right or other rights as a shareholder of the Company.

     6.     Registration Rights.

            6.1     Incidental Registration. The Company agrees that if at any
                    -----------------------
time it shall propose to file a registration statement under the Securities Act
of 1933, as amended (the "Securities Act") on a form suitable for sales by
selling shareholders, it will give written notice to such effect to the Holder,
at least thirty (30) days prior to such filing, and, at the written request of
the Holder, made within ten (10) days after the receipt of such notice, will
include therein at the Company's cost and expense (except for the fees and
expenses of counsel to the Holder and underwriting discounts, commissions and
filing fees attributable to the Warrant Shares included therein) such of the
Warrant Shares held by the Holder as it shall request; provided, however, that
if the offering being registered by the Company is underwritten and if no other
outstanding shares of Company's common stock are included therein and if the
representative of the underwriters certifies that the inclusion therein of the
Warrant Shares would materially and adversely effect the sale of the securities
to be sold by the Company thereunder, the public offering of the Warrant Shares
included in such registration statement either shall be delayed for a period of
ninety (90) days after the commencement of the underwritten public offering,
provided that the representative of the underwriters certifies that such delay
would not materially and adversely effect the sale of the securities to be sold
by the Company or, if the representative of the underwriters will not so

                                      18
<PAGE>

certify, the Holder shall not be permitted to participate in such registration.
Notwithstanding the foregoing, if the representative of the underwriters
certifies that the inclusion therein of the Warrant Shares would materially and
adversely effect the sale of the securities to be sold by the Company, the
Holder shall have the option to retain on its behalf and at the expense of the
Company (except for the fees and expenses of counsel to the Holder and
underwriting discounts, commissions and filing fees attributable to the shares
of the Warrant Shares included therein), or to cause the Company to retain the
services of underwriters reasonably acceptable to the Company who will be able
to sell the Warrant Shares concurrently with that being offered for sale by the
Company. The Company, at its own expense, will cause the prospectus included in
such registration statement to meet the requirements of the Securities Act for
such period of time, not exceeding ninety (90) days, as may be necessary to
effect the sale of the Warrant Shares included at the request of the Holder.

     6.2     Expenses.
             --------

            (a)     With respect to the inclusion of the Shares pursuant to
Section 6.1 hereof, all fees, costs and expenses of and incidental to such
registration, inclusion and public offering (as specified in Section (b) below)
in connection therewith shall be borne by the Company; provided, however, that
                                                       --------- --------
Holder shall bear its share of the underwriting discount and commissions and
transfer taxes, and Holder shall be responsible for the payment of its own legal
fees.

            (b)     The fees, costs and expenses of registration to be borne
by the Company as provided in Section 6.2(a) above shall include, without
limitation, all registration, filing, and NASD fees, printing expenses, fees and
disbursements of counsel and accountants for the Company, and all legal fees and
disbursements and other expenses of complying with state securities or blue sky
laws of any jurisdictions in which the securities to be offered are to be
registered and qualified (except as provided in Section 6.2(a) above). Fees and
disbursements of counsel and accountants for Holder not expressly included above
shall be borne by Holder.

7.     Adjustments to Exercise Price and Number of Securities.

              (a)     If prior to the expiration or termination of this
       Warrant the Company shall subdivide its outstanding shares of Common
       stock into a greater number of shares, or declare and pay a dividend on
       its Common Stock payable in additional shares of its Common Stock, the
       Warrant Price as then in effect shall be proportionately reduced, and the
       number of Warrant Shares then subject to exercise under this Warrant (and
       not previously exercised) shall be proportionately increased.

              (b)  If prior to the expiration or termination of this
       Warrant the Company shall combine its outstanding shares of the Common
       Stock into a smaller number of shares, the Warrant Price, as then in
       effect, shall be proportionately increased and the number of Warrant
       Shares then subject to exercise under this Warrant (and not previously
       exercised) shall be proportionately reduced.

              (c)  If any adjustment under this Section 7 would create
       a fractional share of Common Stock or a right to acquire a fractional
       Share such fractional Share be disregarded and the number of Shares
       subject to this Warrant will be the next higher number of shares,
       rounding all fractions upward. Whenever there is an adjustment under this
       Section 7, the Company will forthwith notify the Holder of such
       adjustment, setting forth in reasonable detail the event requiring the
       adjustment and the method by which such adjustment was calculated.

              (d)  If all or any portion of this Warrant is exercised
       after any merger, consolidation, exchange of shares, separation,
       reorganization or liquidation of the Company or other similar event,
       occurring after the date hereof and, as a result of, shares of Common
       Stock are changed into the

                                      19
<PAGE>

       same or a different number of shares of the
       same or another class or classes of securities of the Company or another
       entity, then the Holder exercising this Warrant will receive, for the
       aggregate price paid on such exercise, the aggregate number and class of
       shares that the Holder would have received if this Warrant had been
       exercised immediately before such merger, consolidation, exchange of
       shares, separation, reorganization or liquidation or other similar event.
       If any adjustment under this Section 7 would create a fractional share of
       Common Stock or a right to acquire a fractional share of Common Stock,
       such fractional share will be disregarded and the number of shares
       subject to this Warrant will be the next higher number of shares,
       rounding all fractions upward. Whenever there is an adjustment pursuant
       to this Section 7, the Company will forthwith notify the Holder of such
       adjustment, setting forth in reasonable detail the event requiring the
       adjustment and the method by which such adjustment was calculated.

          8.     Notices to Warrant Holders. Nothing contained in this Agreement
shall be construed as conferring upon the Holders the right to vote or to
consent or to receive notice as a stockholder in respect of any meetings of
stockholders for the election of directors or any other matter, or as having any
rights whatsoever as a stockholder of the Company. If, however, at any time
prior to the expiration of the Warrants and their exercise, any of the following
events shall occur:

(i)  the Company shall take a record of the holders of its shares of Common
     Stock for the purpose of entitling them to receive a dividend or
     distribution payable otherwise than in cash, or a cash dividend or
     distribution payable otherwise than out of current or retained earnings,
     as indicated by the accounting treatment of such dividend or
     distribution on the books of the Company; or

          (ii)     the Company shall offer to all the holders of its Common
Stock any additional shares of capital stock of the Company or securities
convertible into or exchangeable for shares of capital stock of the Company,
or any option right or warrant to subscribe therefore; or

          (iii)    a dissolution, liquidation or winding up of the Company(other
than in connection with a consolidation or merger) or a sale of all or
substantially all of its property, assets and business as an entirety shall be
proposed; then, in any one or more of said events, the Company shall give
written notice of such event at least (15) days prior to the date fixed as a
record date or the date of closing the transfer books for the determination of
the stockholders entitled to such dividend, distribution, convertible or
exchangeable securities or subscription rights, or entitled to vote on such
proposed dissolution, liquidation, winding up or sale. Such notice shall specify
such record date or the date of closing the transfer books, as the case may be.
Failure to give such notice or any defect therein shall not affect the validity
of any action taken in connection with the declaration or payment of any such
dividend, or the issuance of any convertible or exchangeable securities, or
subscription rights, options or warrants, or any proposed dissolution,
liquidation, winding up or sale.

          9.     Notices. All notices, requests, consents and other
communications hereunder shall be in writing and shall be deemed to have been
duly made when delivered, or mailed by registered or certified mail, return
receipt requested:

          (i)    If to a Holder, to the address of such Holder as shown on the
books of the Company; or

          (ii)   If to the Company, to the address set forth in Section 2
hereof, or to such other address as the Company may designate by notice to the
Holders.

          10.    Supplements and Amendments. The Company and the Holder may from
time to time supplement or amend this Agreement without the approval of any
Holders in order to cure any ambiguity, to correct or supplement any provision
contained herein which may be defective or inconsistent with any provision
herein, or to make any other provisions in regard to matters or questions
arising hereunder which the Company and the Holder may deem necessary or
desirable and which the Company and the

                                      20
<PAGE>

Holder deem shall not adversely affect the interests of any Holders. Other
amendments to this Agreement may be made only with the written consent of
Holders of a majority of the Warrants Shares subject to the then outstanding
portion of this Warrant.

          11.     Successors. All the covenants and provisions of this
Agreement shall be binding upon and inure to the benefit of the Company, the
Holders and their respective successors and assigns hereunder.

          12.     Governing Law: Submission to Jurisdiction. This Agreement
shall be governed by, and construed in accordance with, the laws of the State
of Florida applicable to contracts entered into and to be performed wholly
within said State.

          The Company and each of the Holders hereby agree that any action,
proceeding or claim against it arising out of, or relating in any way to, this
Agreement shall be brought and enforced in the courts of the State of Florida,
and irrevocably submits to such jurisdiction, which jurisdiction shall be
exclusive. The Company and each of the Holders hereby irrevocably waives any
objection to such exclusive jurisdiction or inconvenient forum. Any such process
or summons to be served upon any of the Company and the Holder (at the option of
the party bringing such action, proceeding or claim) may be served by
transmitting a copy thereof, by registered or certified mail, return receipt
requested, postage prepaid, addressed to it at the address as set forth in
Section 9 hereof. Such mailing shall be deemed personal service and shall be
legal and binding upon the party so served in any action, proceeding or claim.
The Company and each Holder, by its acceptance of an Warrant, agrees that the
prevailing party(ies) in any such action or proceeding shall be entitled to
recover from the other party(ies) all of its/their reasonable legal costs and
expenses relating to such action or proceeding and/or incurred in connection
with the preparation therefore.

          13.     Entire Agreement. This Agreement contains the entire
understanding between the parties hereto and supersedes all prior agreements and
understandings, written or oral, with respect to the subject matter hereof.

          14.     Severability. If any provision of this Agreement shall be
held to be invalid and unenforceable, such invalidity or unenforceability shall
not affect any other provision of this Agreement.

          15.     Captions. The caption headings of the Sections of this
Agreement are for convenience of reference only and are not intended, nor should
they be construed as, a part of this Agreement and shall be given no substantive
effect.

          16.     Benefits of this Agreement. Nothing in this Agreement shall be
construed to give to any person or corporation other than the Company and any
Holder any legal or equitable right, remedy or claim under this Agreement; and
this Agreement shall be for the sole and exclusive benefit of the Company and
any Holder.

          17.     Counterparts. This Agreement may be executed in any number of
counterparts and each of such counterparts shall for all purposes be deemed to
be an original, and such counterparts shall together constitute but one and the
same instrument.

          18.     Redemption. If the Company's Common Stock is listed for
trading on the NASDAQ Stock Market, the New York Stock Exchange, the American
Stock Exchange or the OTC Bulletin Board Service or any similar exchange
("Listed") and the average closing sales price of the Company's Common Stock
during any twenty (20) consecutive day trading period exceeds two (2) times the
Exercise Price (such average, the "Current Market Price"), upon thirty (30)
days prior written notice to the Holder, the Company may redeem (during which
time the Investor may exercise this Warrant as provided herein)

                                      21
<PAGE>

the Warrant at a price equal to the Current Market Price multiplied by the
number of shares of Warrant Stock then subject to the Warrant.

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

COMPASS KNOWLEDGE HOLDINGS, INC.

By: /s/ Rogers W. Kirven, Jr
    ------------------------
Authorized Officer

Attest:

/s/ Daniel J. Devine
------------------------
President

PIONEER VENTURES ASSOCIATES LIMITED PARTNERS

By: /s/ John F. Ferraro
    ------------------------
          Authorized Officer

                                      22
<PAGE>

                                   ANNEX A

                         [FORM OF ELECTION TO PURCHASE]

     (To be executed upon cash exercise of Common Stock Purchase Warrant)

     The undersigned hereby irrevocably elects to exercise the right, set forth
in the Common Stock Purchase Warrant (the "Warrant"), dated __________, 2001,
by and between COMPASS KNOWLEDGE HOLDINGS, INC. ("Company") and PIONEER
VENTURES ASSOCIATES LIMITED PARTNERS to purchase Warrant Shares of the Company
and herewith (i) tenders payment for such Warrant Shares to the order of the
Company in the Amount of ______________________($________) in accordance with
the terms of this Warrant, (ii) certifies that the undersigned has such
knowledge and experience in financial and business matters that the undersigned
is capable of evaluating the merits and risks of an investment in the Warrant
Shares, and (iii) agrees to be bound by the provisions of the Warrant.
Capitalized terms used herein and not otherwise defined herein shall have the
meaning ascribed to them in the Warrant.

     The undersigned requests that a Warrant for the number of shares of Common
Stock represented by such payment be registered in the name of________________
______________whose address is, and that such certificate and Warrant Shares be
delivered to____________________, whose address is. If said number of Warrant
Shares is less than all of the Warrant Shares purchasable hereunder, the
undersigned requests that a new Warrant representing the remaining balance of
the Warrant Shares be registered in the name of______________________________ ,
whose address is, and that such Warrant be delivered to
whose address is_____________________________________.

Signature:__________________________
(Signature must conform in all respects to name of holder as specified in the
Common Stock Purchase Warrant.

Date: __________________

                                      23
<PAGE>

                                   ANNEX B

                                  ASSIGNMENT

     For Value Received, the undersigned registered owner hereby sells, assigns
and transfers unto the rights to purchase the number of Warrant Shares set
forth below as represented in the foregoing Common Stock Purchase Warrant of
COMPASS KNOWLEDGE HOLDINGS, INC., and appoints attorney to transfer said rights
on the books of said corporation, with full power of substitution in the
premises

              Name of Registered Owner:
              Number of Warrant Shares Transferred:

              By:_______________________________
              Its:______________________________

              Dated: _______________

                                      24<PAGE>

                                  EXHIBIT 10.8
                                  ------------
                                  AMENDMENT TO
                              EMPLOYMENT AGREEMENT

     This Amendment (the "Amendment") is entered into effective January 7,2002
with respect to that certain Employment Agreement (the "Agreement") entered
into by and between Compass Knowledge Holdings, Inc. (the "Company") and Tony
Ruben (hereinafter, "Employee"), dated May 1, 2000.

     WHEREAS, Employee has forfeited the 300,000 options which were granted to
Employee pursuant to the Agreement (the "Original Options"); and

     WHEREAS, the Company has granted Employee an additional 300,000 options
at an exercise price of $0.375 pursuant to that certain Stock Option Agreement
dated April 10, 2001 (the "New Options"); and

     WHEREAS, pursuant to Section 3.5 of the Agreement Employment is entitled,
under certain circumstances, to a Liquidation Event Payment which, in part, is
based upon the Fair Market Value of the Original Options; and

     WHEREAS, the Original Options have been forfeited and therefore are no
longer available for determining the amount of the Liquidation Event Payment,
if any, and the parties are desirous of substituting the New Options in place
of the Original Options for the purpose of determining whether or not Employee
is entitled to a Liquidation Event payment; and

     WHEREAS, the parties are desirous of amending the Agreement to reflect the
forgoing as set forth herein.

     NOW, THEREFORE, in consideration of the mutual promises and covenants
contained herein, and the sum of $10.00 and other good consideration the
receipt and sufficiency of which is expressly acknowledged by the parties
hereto, the parties agree as follows:

1.     Recitals.

       The parties hereby agree that the foregoing recitals are true and
       correct in all material respects and by this reference are hereby made
       a material part hereof.

2.     Modification of Exhibit B.

       In order to accomplish the foregoing described purposes, the parties
       hereby agree that Exhibit "B" of the Agreement (the "Original Exhibit
       "B") is hereby deleted in its entirety and is hereby replaced with a
       new Exhibit "B" which is attached to this Amendment and by this
       reference is hereby made a material part hereof (the "New Exhibit "B").
       All references in the New Exhibit B to Options or Option Shares shall
       mean the New Options.

3.     Effect of Addendum.

                                      1
<PAGE>

       Except as otherwise provided herein, the terms and conditions of the
       Agreement shall remain unchanged and are hereby republished in their
       entirety subject to the modifications set forth herein.

       IN WITNESS WHEREOF, the parties have executed this Agreement the latter
of the dates written below.

                                      The "Company"
                                      Compass Knowledge Holdings, Inc.

                                      By:/s/ Daniel J. Devine
                                         --------------------
                                         Name: Daniel J. Devine
                                         Title: President

                                      "Employee"

                                      By:/s/ Anthony R. Ruben
                                         --------------------
                                         Tony Ruben

                                      2
<PAGE>

                                   Exhibit B

             Liquidation Event Payment

(1) Options vest in accordance with the Option Agreement vesting schedule.
(2) "Liquidation Event Payment Shares" only have value if there is a
Liquidation Event (L.E.P.) and the Fair Market Value per Common Share of the
Company stock dictates as set forth below.
(3) Option Strike Price:    $       0.375

<TABLE>
<CAPTION>
                        Employee
                     Entitlement:
    FMV Per            Number of
 Common Share         L.E.P. Shares          Value          Value of Options      Total Value
------------------      ------------     --------------     -----------------     ------------------
<S>                          <C>         <C>                <C>                   <C>
     $ 0.00 -0.375           200,000     $.00 - $75K        $             -       $.00 - $75,000
$            0.875           175,000     $      153,125     $         150,000     $          303,125
$            1.375           100,000     $      137,500     $         300,000     $          437,500
$            1.875            75,000     $      140,625     $         450,000     $          590,625
$            2.375            50,000     $      118,750     $         600,000     $          718,750
$            2.875            25,000     $       71,875     $         750,000     $          821,875
$            3.375            12,500     $       42,188     $         900,000     $          942,188
$            3.875             6,250     $       24,219     $       1,050,000     $        1,074,219
$            4.375                 -     $            -     $       1,200,000     $        1,200,000
$            4.875                 -     $            -     $       1,350,000     $        1,350,000
$            5.375                 -     $            -     $       1,500,000     $        1,500,000
$            5.875                 -     $            -     $       1,650,000     $        1,650,000
$            6.375                 -     $            -     $       1,800,000     $        1,800,000
$            6.875                 -     $            -     $       1,950,000     $        1,950,000
$            7.375                 -     $            -     $       2,100,000     $        2,100,000
$            7.875                 -     $            -     $       2,250,000     $        2,250,000
$            8.375                 -     $            -     $       2,400,000     $        2,400,000
$            8.875                 -     $            -     $       2,550,000     $        2,550,000
$            9.375                 -     $            -     $       2,700,000     $        2,700,000
$            9.875                 -     $            -     $       2,850,000     $        2,850,000
$           10.375                 -     $            -     $       3,000,000     $        3,000,000
$           10.875                 -     $            -     $       3,150,000     $        3,150,000
$           11.375                 -     $            -     $       3,300,000     $        3,300,000
$           11.875                 -     $            -     $       3,450,000     $        3,450,000
$           12.375                 -     $            -     $       3,600,000     $        3,600,000
$           12.875                 -     $            -     $       3,750,000     $        3,750,000
$           13.375                 -     $            -     $       3,900,000     $        3,900,000
$           13.875                 -     $            -     $       4,050,000     $        4,050,000
$           14.375                 -     $            -     $       4,200,000     $        4,200,000
$           14.875                 -     $            -     $       4,350,000     $        4,350,000
$           15.375                 -     $            -     $       4,500,000     $        4,500,000
$           15.875                 -     $            -     $       4,650,000     $        4,650,000
$           16.375                 -     $            -     $       4,800,000     $        4,800,000
$           16.875                 -     $            -     $       4,950,000     $        4,950,000
$           17.375                 -     $            -     $       5,100,000     $        5,100,000
$           17.875                 -     $            -     $       5,250,000     $        5,250,000
$           18.375                 -     $            -     $       5,400,000     $        5,400,000
$           18.875                 -     $            -     $       5,550,000     $        5,550,000
$           19.375                 -     $            -     $       5,700,000     $        5,700,000
$           19.875                 -     $            -     $       5,850,000     $        5,850,000
</TABLE>

        etc.

Note: As indicated, the number of L.E.P. Shares for which Employee is entitled
      to receive is based upon the FMV of a share of the Company's common
      stock as determined pursuant to Exhibit B-1 attached hereto. In
      addition, the levels of FMV as set forth in the first column above are
      definitive break points (i.e., not prorata) for determining the number
      of L.E.P. Shares which Employee is entitled to receive. For example,
      Employee will receive 75,000 if the FMV of a common share is $1.875 up
      to $2.375 at which point the number of L.E.P. Shares will be reduced to
      50,000.

                                      3
<PAGE>

                                Exhibit "B-1"
                                -------------

                       Fair Market Value Determination

             Fair Market Value of the Company Shares. The term "Fair Market
             ---------------------------------------            -----------
Value" of a share of the Company's common stock shall be calculated as follows:
-----

             A. If the Liquidation Event is a sale of the Company's assets
then, in such event, the Fair Market Fair per share shall be determined by
dividing the total purchase price of the assets by the number of issued and
outstanding common (and convertible preferred shares on a post-conversion
basis); or

             B. If the Liquidation Event is a sale or exchange of Company
stock or merger or reorganization of the Company with another entity
(hereinafter called a "Transaction") then, in such event, the Fair Market
Valueset of a share of the Company's stock will be as set forth in the
Transaction documents considering for these purposes only the number of issued
and outstanding common shares (and convertible preferred shares on a
post-conversion basis); or

             C. With respect to all other Liquidation Events, the Fair
Market Fair per share shall be determined as follows: (1) if the principal
market for the Company's stock is a national securities exchange, the 60 day
trailing average of the closing ask prices of such stock as reported by such
exchange or on a composite tape reflecting transactions on such exchange, (2)
if the principal market for such stock is not a national securities exchange
and such stock is quoted on The NASDAQ Stock Market ("NASDAQ"), and (i) if
                                                      ------
actual closing price information is available with respect to such stock, the
60 day trailing average of the closing ask prices of such stock on NASDAQ, or
(ii) if such information is not available, the 60 day trailing average of the
bid prices per share of such stock on NASDAQ, or (3) if the principal market
for such stock is not a national securities exchange and such stock is not
quoted on NASDAQ, the 60 day trailing average of the closing ask prices of such
stock as reported on the OTC Bulletin Board Service or by National Quotation
Bureau, Incorporated or a comparable service; provided, however, that if
                                              --------- -------
clauses (1), (2) and (3) of this Section are all inapplicable, or if no trades
have been made or no quotes are available for such day, the fair market value
of such stock shall be determined as follows: The Company shall appoint an
appraiser who shall be engaged in the business of providing appraisals of stock
similar to the Company stock. Such appraiser shall then provide the Company and
the Employee with the Fair Market Fair of a share of the Company's common
stock. Such appraisal shall be final and binding upon the parties.

                                      4
<PAGE>

                                  EXHIBIT "A"

                              EMPLOYMENT AGREEMENT
                                 BY AND BETWEEN
                         COMPASS KNOWLEDGE HOLDINGS, INC.
                                      AND
                                   TONY RUBEN

             THIS EMPLOYMENT AGREEMENT (the "Agreement") is executed on May 1,
2000 to be effective as of May 1, 2000 (the "Commencement Date") by and between
Compass Knowledge Holdings, Inc., a Florida corporation (the "Company") and
Tony Ruben ("Employee").

             WHEREAS, the Company is engaged in the distributed learning
business and other related businesses (such activities, present and future,
being hereinafter referred to as the "Business"); and

             WHEREAS, the Company and Employee desire to enter into this
Agreement to memorialize their oral understanding, to assure the Company of the
services of Employee for the benefit of the Company and to set forth the
respective rights and duties of the parties hereto.

             NOW, THEREFORE, in consideration of the premises and the mutual
covenants, terms and conditions set forth herein, the Company and Employee
agree as follows:

                                  ARTICLE I

                                  Employment

             1.1    Employment and Title. As of the Commencement Date, the
Company employs Employee, and Employee accepts such employment, as Chief
Financial Officer and Treasurer of the Company, all upon the terms and
conditions set forth herein.

             1.2    Duties. During the Initial Term and any and all Renewal
Terms (as hereinafter defined) hereof, Employee shall faithfully perform his
duties in accordance with this Agreement and the Bylaws of the Company, serve
the Company faithfully and to the best of his ability and devote substantially
all of his business time and attention, knowledge, energy and skills to the
Company. Employee shall be responsible for such matters as assigned to him by
the Chief Executive Officer and/or President of the Company which shall be the
normal day-to-day management, operation and maintenance of the financial
operations and affairs of the Company in accordance with the Company's annual
business plan, budget and assigned duties. Subject to the directions of and
limitations imposed by the Chief Executive Officer and/or President of the
Company, the Employee shall be responsible for interpretation and executive
implementation of the corporate policies for his assigned area(s) which shall
be the Company's financial operations and functions as set by the Board of
Directors, the Chief Executive Officer and/or President of the Company, and
shall perform all the duties and have and exercise all rights and powers
usually pertaining and attributable, by law, custom, or otherwise, with respect
thereto. Subject to the directions of and limitations imposed by the Chief
Executive Officer and/or President of the Company, the Employee shall have the
authority to effectuate all business matters with respect to his
responsibilities and to execute such legal instruments as may be necessary to
carry out his duties in the name of the Company and on its behalf. Employee
shall coordinate and supervise the activities of all employees of the Company
under his control, have the power to employ and terminate the employment of all
such subordinate officers, agents, clerks, and other employees and have the
authority to fix and

                                      5
<PAGE>

change, from time to time, the compensation of all such officers, agents,
clerks and other employees subject to the approval of the President of the
Company.

             1.3    Location. The principal place of employment and the
location of Employee's principal office shall be in Ocoee, Florida; provided,
however, Employee shall, when requested by the President or Chief Executive
Officer, or may, if he determines it to be reasonably necessary, temporarily
perform outside of Ocoee, Florida such services as are reasonably required for
the proper execution of his duties under this Agreement.

             1.4    Representations. Each party represents and warrants to the
other that he/it has full power and authority to enter into and perform this
Agreement and that his/its execution and performance of this Agreement shall
not constitute a default under or breach of any of the terms of any agreement
to which he/it is a party or under which he/it is bound. Each party represents
that no consent or approval of any third party is required for his/its
execution, delivery and performance of this Agreement or that all consents or
approvals of any third party required for his/its execution, delivery and
performance of this Agreement have been obtained.

                                  ARTICLE II

                                     Term

             2.1    Term. The term of Employee's employment hereunder (the
"Term") shall commence as of the Commencement Date and shall continue through
the third anniversary of the Commencement Date (the "Scheduled Termination
Date") unless renewed or earlier terminated pursuant to the provisions of this
Agreement. Assuming all conditions of this Agreement have been satisfied and
there has been no breach of the Agreement during its initial term, Employee may
extend the term for an additional three year term at Employee's election
("Extended Term").

                                  ARTICLE III

                                  Compensation

             3.1    Salary. As compensation for the services to be rendered by
Employee, the Company shall pay Employee, during the Term of this Agreement, an
annual base salary of not less than One Hundred Thirty Thousand Dollars
($130,000.00), which base salary shall accrue monthly (prorated for periods
less than a month) and shall be paid in equal bi-monthly installments, in
arrears or as the Employee and the Company otherwise agree. The base salary
will be reviewed annually, or, as appropriate, by the Chief Executive Officer
and the Compensation Committee. At any time the Salary may be increased for the
remaining portion of the term if so determined by the Chief Executive Officer
and the Compensation Committee of Company after a review of Employee's
performance of his duties.

             3.2    Bonuses. The Company shall pay the Employee an annual
bonus (the "Annual Bonus") as determined by the Compensation Committee in
accordance with the Company's Annual Bonus Plan. The Annual Bonus, if any,
shall be payable within ninety (90) days after the end of the most recent
fiscal year to which the Bonus relates.

             3.3    Nonqualified Stock Options. Upon the execution of this
Agreement, and subject to the provisions of this Agreement, the Company shall
grant to Employee nonqualified options to acquire shares of its common stock
(the "Option Shares"), subject to the following terms and conditions:

                                      6
<PAGE>

             (a)     The number of Option Shares and their vesting schedule
     shall be as set forth in Exhibit "A" attached hereto.

             (b)     The option price per Option Share will be equal to $3.00.

             (c)     The right to exercise Option Shares shall expire (unless
     previously exercised in accordance with the terms of this Section 3.4),
     on the fifth anniversary date of their vesting. Vested Option Shares
     shall be exercisable by Employee, in whole or in part, on or before
     such expiration by payment in full, in cash, by check, or by any other
     consideration permitted by the Company's Board of Directors, to the
     Company of the aggregate option price for the Option Shares so
     acquired.

             (d)     All unvested Option Shares shall be subject to immediate
     forfeiture upon Termination For Cause (as such term is defined in
     Section 7.1 hereof).

             (e)     In the event of a Termination Without Cause (as such term
     is defined in Section 7.2 hereof) all unvested Option Shares shall
     immediately vest in full.

             3.4     Benefits. Employee shall be entitled, during the Term
hereof, to the same medical, hospital, and dental insurance coverage and
benefits as are available to the Company's most senior executive officers on
the Commencement Date together with the following additional benefits:

             (a)     An automobile allowance of $400.00 per month.

             (b)     The Company's normal vacation allowance for all employees
     who are executive officers of the Company, but not less than three (3)
     weeks annually, with the option to carry over unused vacation days.

             (c)     The Employee will be entitled to participate in any
     benefit plan or program of the Company which may currently be in place
     or implemented in the future.

             (d)     During the Term, Employee will be entitled to receive, in
     addition to and not in lieu of base salary, bonus or other compensation,
     such as other benefits as Company may provide for its officers in the
     future.

             3.5     Liquidation Event Payment.

             (a)     Liquidation Event Payment. If during the term of this
                     -------------------------
     Agreement there is a Liquidation Event (as defined below) then, in such
     event, Employee shall have the right, by providing written notice to
     the Company (the "Liquidation Event Payment Notice"), to require the
                       --------------------------------
     Company to pay Employee a Liquidation Event Payment Amount (as defined
     below).

             (b)     Liquidation Event Payment Amount. The Liquidation Event
                     --------------------------------
     Payment Amount shall be equal to that number, not to exceed 200,000
     shares, of the Company's common stock, $.001 par value, as set forth
     and paid in accordance with the provisions of Exhibit B attached hereto
     and by this reference incorporated herein as a material part hereof.

             (c)     Liquidation Event. A Liquidation Event shall mean any
                     -----------------
     transaction of merger or consolidation in which a Change of Control (as
     defined below) occurs, or in which there is a conveyance, sell, or
     transfer (or an unconditional agreement to do any of the foregoing at
     any future time) of all or substantially all (which shall mean at least
     80%) of the Company's property or assets, or the outstanding capital
     stock in the Company.

                                      7
<PAGE>

             (d)     Change of Control. For purposes of this Section 3.5, a
                     -----------------
     Change of Control shall be deemed to have occurred
     in the event of:

                     (i)     The acquisition by any person or entity, or group
     thereof acting in concert, of "beneficial" ownership (as such term is
     defined in Securities and Exchange Commission ("SEC") Rule 13d-3 under
     the Securities Exchange Act of 1934, as amended) (the "Exchange Act"),
     of securities of the Company which, together with securities previously
     owned, confer upon such person, entity or group (other than groups
     consisting of the present officers and directors of the Company) the
     voting power, on any matters brought to a vote of shareholders, of
     fifty-one percent (51%) or more of the then outstanding shares of
     capital stock of the Company; or

                     (ii)    The sale, assignment or transfer of assets of
     the Company, in a transaction or series of transactions, if the
     aggregate consideration received or to be received by the Company in
     connection with such sale, assignment or transfer is greater than fifty
     percent (50%) of the book value, determined by the Company in
     accordance with generally accepted accounting principles, of the
     Company's assets determined on a consolidated basis immediately before
     such transaction or the first of such transactions; or

                     (iii)   The merger, consolidation, share exchange or
     reorganization of the Company (or one or more subsidiaries of the
     Company) as a result of which the holders of all of the shares of
     capital stock of the Company as a group would receive less than fifty
     percent (50%) of the voting power of the capital stock or other
     interests of the surviving or resulting corporation or entity; or

                     (iv)    The adoption of a plan of liquidation or the
     approval of the dissolution of the Company; or

                     (v)     The commencement (within the meaning of SEC Rule
     14d-2 under the Exchange Act) of a tender or exchange offer which, if
     successful, would result in a Change of Control of the Company; or

                     (vi)    A determination by the Board of Directors of the
     Company, in view of then current circumstances or impending events,
     that a Change of Control of the Company has occurred or is imminent,
     which determination shall be made for the specific purpose of
     triggering the operative provisions of this Agreement.

             (e)     Limitations on Change of Control Compensation. In the
                     ---------------------------------------------
     event that the lump-sum payment payable to Employee under Section 3.5
     hereof (the "Liquidation Event Benefits"), or any other payments or
     benefits received or to be received by Employee from the Company
     whether payable pursuant to the terms of this Agreement, or any other
     plan, agreement or arrangement with the Company or any corporation
     affiliated with the Company within the meaning of Section 1504 of the
     Code, in the opinion of tax counsel selected by the Company acceptable
     to Employee, constitute "parachute payments" within the meaning of
     Section 280G(b)(2) of the Code and the present value of such "parachute
     payments" equals or exceeds three times the average of the annual
     compensation payable to Employee by the Company (or an affiliate) and
     includable in Employee's gross income for federal income tax purposes
     for the five (5) calendar years preceding the year in which a change in
     ownership or control (as hereinafter defined) of the Company occurred
     ("Base Amount"), such Liquidation Event Benefits shall be reduced to an
     amount the present value of which (when combined with the present value
     of any other payments or benefits otherwise received or to be

                                      8
<PAGE>

     received by Employee from the Company (or an affiliate) that are deemed
     "parachute payments" is equal to 2.99 times the Base Amount,
     notwithstanding any other provision to the contrary in this Agreement.
     The Liquidation Event Benefits shall not be reduced if (i) Employee
     shall have effectively waived his receipt or enjoyment of any such
     payment or benefit which triggered the applicability of this Section
     3.5 or (ii) in the opinion of such tax counsel, the Liquidation Event
     Benefits (in their full amount or as partially reduced, as the case may
     be) plus all other payments or benefits which constitute "parachute
     payments" within the meaning of Section 280G(b)(2) of the Code are
     reasonable compensation for the services actually rendered, within the
     meaning of Section 280G(b)(4) of the Code and such payments are
     deductible by the Company. The Base Amount shall include every type and
     form of compensation includable in Employee's gross income in respect
     of his employment by the Company (or an affiliate), except to the
     extent otherwise provided in temporary or final regulations promulgated
     under Section 280G(b) of the Code. For purposes of this Section 3.5, a
     "change in ownership or control" shall have the meaning set forth in
     Section 280G(b) of the Internal Code of 1986, as amended (the Code"),
     and any temporary or final regulations promulgated thereunder. The
     present value of any non-cash benefit or any deferred cash payment
     shall be determined by the Company's independent auditors in accordance
     with the principles of Section 280G of the Code.

                    Employee shall have the right to request that the
     Company obtain a ruling from the Internal Revenue Service ("IRS") as to
     whether any or all payments or benefits determined by such tax counsel
     are, in the view of the IRS, "parachute payments" under Section 280G.
     If a ruling is sought pursuant to Employee's request, no Liquidation
     Event Benefits payable under this Agreement in excess of the Section
     280G limitations shall be made to Employee until after fifteen (15)
     days from the date of such ruling, however, Liquidation Event Benefits
     shall continue to be paid during the time up to the amount of that
     limitation. For purposes of this Section 3.5, Employee and the Company
     shall agree to be bound by the IRS's ruling as to whether payments
     constitute "parachute payments" under Section 280G. If the IRS
     declines, for any reason, to provide the ruling requested, the tax
     counsel's opinion provided with respect to what payments or benefits
     constitute "parachute payments" shall control and the period during
     which the Liquidation Event Benefits may be deferred shall be extended
     to a date fifteen (15) days from the date of the IRS's notice
     indicating that no ruling would be forthcoming.

                    In the event that Section 280G, or any successor
     statute is repealed, this Section 3.5(e) shall cease to be effective on
     the effective date of such repeal. The parties to this Agreement
     recognize that final regulations under Section 280G of the Code may
     affect the amounts that may be paid under this Agreement and agree
     that, upon issuance of such final regulations, this Agreement may be
     modified as in good faith deemed necessary in light of the provisions
     of such regulations to achieve the purposes of this Agreement, and that
     consent to such modification shall not be unreasonably withheld.

            3.6     Withholding. Any and all amounts payable under this
Agreement, including, without limitation, amounts payable under this Article III
and Article VII, which are subject to withholding for such federal, state and
local taxes as the Company, in its reasonable judgment, determines to be
required pursuant to any applicable law, rule or regulation.

                              ARTICLE IV

              Working Facilities, Expenses and Insurance

            4.1     Working Facilities and Expenses. Employee shall be
furnished with an office at the principal executive offices of the Company, or
at such other location as agreed to by Employee and the

                                      9
<PAGE>

Company, and other working facilities and clerical and other assistance
suitable to his position and reasonably required for the performance of his
duties hereunder. The Company shall reimburse Employee for reasonable moving
and relocation expenses in an amount not to exceed $30,000.00 and all of
Employee's reasonable expenses incurred while employed and performing his
duties under and in accordance with the terms and conditions of this Agreement,
subject to Employee's full and appropriate documentation, including, without
limitation, receipts for all such expenses in the manner required pursuant to
Company's policies and procedures and the Internal Revenue Code of 1986, as
amended (the "Code") and applicable regulations as are in effect from
time to time.

             4.2     Insurance. The Company may secure in its own name or
otherwise, and at its own expense, life, disability and other insurance
covering Employee or Employee and others, and Employee shall not have any
right, title or interest in or to such insurance other than as expressly
provided herein. Employee agrees to assist the Company in procuring such
insurance by submitting to the usual and customary medical and other
examinations to be conducted by such physicians(s) as the Company or such
insurance company may designate and by signing such applications and other
written instruments as may be required by any insurance company to which
application is made for such insurance.

                              ARTICLE V

                        Illness or Incapacity

             5.1     Right to Terminate. If, during the Term of this Agreement,
Employee shall be unable to perform in all material respects his duties
hereunder for a period exceeding six (6) consecutive months by reason of illness
or incapacity, this Agreement may be terminated by the Company in its reasonable
discretion pursuant to Section 7.2 hereof.

             5.2     Right to Replace. If Employee's illness or incapacity,
whether by physical or mental cause, renders him unable for a minimum period of
sixty (60) consecutive calendar days to carry out his duties and
responsibilities as set forth herein, the Company shall have the right to
designate a person to replace Employee temporarily in the capacity described in
Article I hereof; provided, however, that if Employee returns to work from such
illness or incapacity within the six (6) month period following his inability
due to such illness or incapacity, he shall be entitled to be reinstated in the
capacity described in Article I hereof with all rights, duties and privileges
attendant thereto.

             5.3     Rights Prior to Termination. Employee shall be entitled to
his full remuneration and benefits hereunder during such illness or incapacity
unless and until an election is made by the Company to terminate this Agreement
in accordance with the provisions of this Article.

             5.4     Determination of Illness or Incapacity. For purposes of
this Article V, the term "illness or incapacity" shall mean Employee's inability
to perform his duties hereunder substantially on a full-time basis due to
physical or mental illness as determined by a physician selected by the Company
and the Employee.

                              ARTICLE VI

                           Confidentiality

             6.1     Confidentiality. During the Term of this Agreement and
thereafter, Employee shall not divulge, communicate, use to the detriment of the
Company, or for the benefit of any other business, firm, person, partnership or
corporation, or otherwise misuse, any "Confidential Information", pertaining to

                                      10
<PAGE>

the Company including, without limitation, all (i) data or trade secrets,
including secret processes, formulas or other technical data; (ii) production
methods; (iii) customer lists; (iv) personnel lists; (v) proprietary
information; (vi) financial or corporate records; (vii) operational, sales,
promotional and marketing methods and techniques; (viii) development ideas,
acquisition strategies and plans; (ix) financial information and records; (x)
"know-how" and methods of doing business; and (xi) computer programs, including
source codes and/or object codes and other proprietary, competition-sensitive or
technical information or secrets developed with or without the help of Employee.
Employee acknowledges that any such information or data he may have acquired was
received in confidence and by reason of his relationship to the Company.
Confidential Information, data or trade secrets shall not include any
information which: (a) at the time of disclosure is within the public domain;
(b) after disclosure becomes a part of the public domain or generally known
within the industry through no fault, act or failure to act, error, effort or
breach of this Agreement by Employee; (c) is known to the recipient at the time
of disclosure; (d) is subsequently discovered by Employee independently of any
disclosure by the Company; (e) is required by order, statute or regulation, of
any governmental authority to be disclosed to any federal or state agency, court
or other body; or (f) is obtained from a third party who has acquired a legal
right to possess and disclose such information.

             6.2     Records. All documents, papers, materials, notes, books,
correspondence, drawings and other written and graphic records relating to the
Business of the Company which Employee shall prepare or use, or come into
contact with, shall be and remain the sole property of the Company and,
effective immediately upon the termination of the Employee's employment with the
Company for any reason, shall not be removed from the Company's premises without
the Company's prior written consent and any such documents, papers, materials,
notes, books, correspondence, drawings and other written and graphic records
under Employee's control shall be immediately returned to the Company.

                              ARTICLE VII

                              Termination

             7.1     Termination For Cause. This Agreement and the
employment of Employee may be terminated by the Company "For
Cause" under any one of the following circumstances:

             (a)     Employee has committed any material act of fraud,
     misappropriation or theft against the Company or any of
     its subsidiaries or affiliates.

             (b)     Employee's default breach of any material provision of
     this Agreement; provided, that Employee shall not be in default
     hereunder unless (i) he shall have failed to cure such default or
     breach within fifteen (15) days of written notice thereof by the
     Company to Employee or (ii) Employee shall have duly received notice of
     at least three (3) prior instances of such breach or default (whether
     or not cured by Employee).

             (c)     Employee engages in gross negligence, malfeasance or
     willful misconduct in the performance of his duties hereunder;
     provided, that Employee shall not be in default hereunder unless (i) he
     shall have failed to cure such default or breach within fifteen (15)
     days of written notice thereof by the Company to Employee, or (ii)
     Employee shall have duly received notice of at least three (3) prior
     instances of such breach or default (whether or not cured by Employee).

             (d)     Employee has been or is subsequently convicted of a first
     degree misdemeanor or felony offense other than traffic offenses which
     do not result in an incarceration of Employee for a period greater than
     3 days.

             (e)     Upon termination by Employee.

                                      11
<PAGE>

             A termination For Cause under this Section 7.1 shall be
effective upon the date set forth in a written notice of termination delivered
to Employee.

             7.2     Termination Without Cause. This Agreement and the
employment of the Employee may be terminated  "Without
Cause" as follows:

             (a)     By mutual agreement of the parties hereto.

             (b)     At the election of the Company by its giving not less than
     thirty (30) days prior written notice to Employee in the event of an
     illness or incapacity described in Article 5.1.

             (c)     Upon the removal of Employee from the office of Chief
     Financial Officer and Treasurer of the Company or in the event the
     Company fails to afford Employee the power and authority generally
     commensurate with the position of Chief Financial Officer and
     Treasurer.

             (d)     Upon Employee's death.

             A termination Without Cause under Section 7.2(b) hereof shall
be effective upon the date set forth in a written notice of termination
delivered in accordance with the notice provisions of such sections. A
termination Without Cause under Sections 7.2(a) or (d) shall be automatically
effective upon the date of mutual agreement or the date of death of the
Employee, as the case may be. A termination Without Cause under Section 7.2(c)
shall be automatically effective upon the date such event takes place.

             7.3     Effect of Termination For Cause. If Employee's
     employment is terminated "For Cause":

             (a)     Employee shall be entitled to accrued base salary under
     Section 3.1 hereof through the date of termination.

             (b)     Employee shall be entitled to accrued bonuses,
     if any, under Section 3.2 and benefits under Section 3.4 hereof
     through the date of termination.

             (c)     Employee shall be entitled to reimbursement for expenses
     accrued through the date of termination in accordance with the provisions
     of Section 4.1 hereof.

             (d)     All unvested Option Shares under Section 3.3 hereof shall
     be forfeited and all vested Option Shares shall be subject to the
     provisions of the Company's year 2000 Stock Option Plan.

             (e)     The Liquidation Event Payment under Section 3.5 hereof
     shall be forfeited.

             (f)     Except as provided in Article XI, this Agreement shall
     thereupon terminate and cease to be of any further force or effect.

             7.4     Effect of Termination Without Cause. If Employee's
     employment is terminated "Without Cause":

             (a)     Employee shall be entitled to the lesser of: (i) one (1)
     years base salary, or (ii) the base salary for the remaining Term of
     this Agreement, if the remaining Term is less than one (1) year.

                                      12
<PAGE>

             (b)     Employee shall be entitled to reimbursement for expenses
     accrued through the date of termination in accordance with the provisions
     of Section 4.1 hereof.

             (c)     Employee shall be entitled to receive all amounts, if any,
     of bonuses under Section 3.2 hereof through the period which is the lesser
     of : (i) one (1) year from the date of termination, or (ii) the remaining
     Term of this Agreement, if the remaining Term is less than one (1) year,
     which amounts shall be paid upon termination.

             (d)     Employee shall be entitled to receive all benefits as would
     have been awarded under Section 3.4 hereof through the period which is the
     lesser of : (i) one (1) year from the date of termination, or (ii) the
     remaining Term of this Agreement, if the remaining Term is less than one
     (1) year, which benefits shall be awarded as and when the same would have
     been awarded under the Agreement had it not been terminated.

             (e)     All unvested Option Shares under Section 3.3 hereof shall
     immediately vest in full but shall be subject to the provisions of the
     Company's year 2000 Stock Option Plan.

             (f)     The Liquidation Event Payment under Section 3.5 shall be
     paid within 30 days of such termination.

             (g)      Except as provided in Article XI, this Agreement shall
     thereupon terminate and cease to be of any further force or effect.

                                  ARTICLE VIII

                      Non-Competition and Non-Interference

             8.1     Noncompetition; Nonsolicitation. As an inducement to the
                     -------------------------------
Company to execute this Agreement and in order to preserve the goodwill
associated with the business of the Company, its parent company and their
subsidiaries and in addition to and not in limitation of any covenants
contained in any agreements executed and delivered herewith, Employee hereby
covenants and agrees as follows:

             (a)    Covenant Not to Compete. During the term of this
                    -----------------------
Agreement and for a period of two (2) years after the effective date of a
Termination For Cause, Employee will not directly or indirectly, within the
Territory, act as an officer, manager, executive, consultant, advisor or agent
or controlling shareholder, partner or member to any business or otherwise
engage in any business which is, in any respect, competitive, either directly
or indirectly, with the Business, as defined herein, nor shall employee become
employed by such a business in a capacity which would require Employee to carry
out, in whole or in part, either directly or indirectly, the duties Employee
has performed or is expected to perform for the Company or which are
competitive in any respect with the Business or otherwise engage in any
practice the purpose of which is to evade the provisions of this covenant not
to compete or to commit any act which adversely affects the Company, its parent
company and their subsidiaries or their business. For purposes of this Article
VIII, the "Business" shall be defined as creating, designing, developing,
owning, leasing and/or operating distributed learning and education business
and other related businesses as are being conducted by the Company (or such
business as is under development) at the time of such termination. For purposes
of this Article VIII, the "Territory" shall be defined as the United States of
America.

             (b)     Nonsolicitation; Employees. Employee agrees that during
                     --------------------------
the Term of this Agreement and for two (2) years after the effective date of a
Termination For Cause, Employee will not

                                      13
<PAGE>

offer employment to any person who was employed by the Company, its
subsidiaries as of the effective date of a Termination For Cause without the
prior written consent of the Company.

             (c)     Nonsolicitation; Customers. Employee agrees that, during
                     --------------------------
the Term of this Agreement and for two (2) years after the effective date of a
Termination For Cause, Employee will not solicit customers or clients patients
of the Company, its parent company or their subsidiaries, with a view to
interfering or competing with the business of the Company, its parent company
or their subsidiaries or providing any product or service that is provided by
the Company, its parent company or their subsidiaries.

     Notwithstanding the foregoing, the restrictive covenants shall not
prohibit the ownership of securities of corporations which are listed on a
national securities exchange or traded in the national over-the-counter market
in an amount which shall not exceed 5% of the outstanding shares of any such
corporation. The parties agree that the Company may sell, assign or otherwise
transfer this covenant not to compete, in whole or in part, to any person,
corporation, firm or entity that purchases all or substantially all of the
Company's assets or stock. In the event a court of competent jurisdiction
determines that the provisions of the restrictive covenants are excessively
broad as to duration, geographical scope or activity, it is expressly agreed
that the restrictive covenants shall be construed so that the remaining
provisions shall not be affected, but shall remain in full force and effect,
and any such over broad provisions shall be deemed, without further action on
the part of any person, to be modified, amended and/or limited, but only to the
extent necessary to render the same valid and enforceable in such jurisdiction.

             8.2.     Equitable Relief for Violations. Employee agrees that the
                      -------------------------------
provisions and restrictions contained in this Section are necessary to protect
the legitimate continuing interests of the Company, its parent company and
their subsidiaries and that any violation or breach of these provisions will
result in irreparable injury to the Company, its parent company and their
subsidiaries for which a remedy at law would be inadequate and that, in
addition to any relief at law which may be available to the Company, its parent
company or their subsidiaries for such violation or breach and regardless of
any other provision contained in this Agreement, the Company, its parent
company and their subsidiaries shall be entitled to injunctive and other
equitable relief as a court may grant after considering the intent of this
Section.

             8.3     Severability. If any covenant or provision contained in
Article VIII is determined to be void or unenforceable in whole or in part, it
shall not be deemed to affect or impair the validity of any other covenant or
provision. If, in any arbitration or judicial proceeding, a tribunal shall
refuse to enforce all of the separate covenants deemed included in this Article
VIII, then such unenforceable covenants shall be deemed eliminated from the
provisions hereof for the purpose of such proceedings to the extent necessary
to permit the remaining separate covenants to be enforced in such proceedings.

             8.4     Equitable Relief for Violations. Employee agrees that the
provisions and restrictions contained in this Section are necessary to protect
the legitimate continuing interests of the Company, its parent company and
their subsidiaries and that any violation or breach of these provisions will
result in irreparable injury to the Company, its parent company and their
subsidiaries for which a remedy at law would be inadequate and that, in
addition to any relief at law which may be available to the Company, its parent
company or their subsidiaries for such violation or breach and regardless of
any other provision contained in this Agreement, the Company, its parent
company and their subsidiaries shall be entitled to injunctive and other
equitable relief as a court may grant after considering the intent of this
Section.

                                      14
<PAGE>

                                   ARTICLE IX

                                Indemnification

             9.1.    Indemnification. The Company shall to the full extent
permitted by law indemnify, defend and hold harmless Employee from and against
any and all claims, demands, liabilities, damages, losses and expenses
(including reasonable attorney's fees, court costs and disbursements) arising
out of the performance by him of his duties hereunder except in the case of his
willful misconduct and will carry reasonable directors and officers' insurance.

                                    ARTICLE X

                                  Miscellaneous

             10.1    No Waivers. The failure of either party to enforce any
provision of this Agreement shall not be construed as a waiver of any such
provision, nor prevent such party thereafter from enforcing such provision or
any other provision of this Agreement.

             10.2    Notices. Any notice to be given to the Company and
Employee under the terms of this Agreement may be delivered personally, by
telecopy, telex or other form of written electronic transmission, or by
registered or certified mail, postage prepaid, and shall be addressed as
follows:

     If to the Company:                  2710 Rew Circle
                                         Suite 100
                                         Ocoee, Florida  34761
                                         Attn:  Daniel J. Devine, President
     If to Employee:                     _______________________
                                         _______________________

     Either party may hereafter notify the other in writing of any change in
address. Any notice shall be deemed duly given (i) when personally delivered,
(ii) when telecopied, telexed or transmitted by other form of written
electronic transmission (upon confirmation of receipt) or (iii) on the third
day after it is mailed by registered or certified mail, postage prepaid, as
provided herein.

             10.3    Severability. The provisions of this Agreement are
severable and if any provision of this Agreement shall be held to be invalid or
otherwise unenforceable, in whole or in part, the remainder of the provisions,
or enforceable parts thereof, shall not be affected thereby.

             10.4    Successors and Assigns. The rights and obligations of the
Company under this Agreement shall inure to the benefit of and be binding upon
the successors and assigns of the Company, including the survivor upon any
merger, consolidation, share exchange or combination of the Company with any
other entity. Employee shall not have the right to assign, delegate or
otherwise transfer any duty or obligation to be performed by him hereunder to
any person or entity.

             10.5    Entire Agreement. This Agreement supersedes all prior and
contemporaneous agreements and understandings between the parties hereto, oral
or written, and may not be modified or terminated orally. No modification,
termination or attempted waiver shall be valid unless in writing, signed

                                      15
<PAGE>

by the party against whom such modification, termination or waiver is sought to
be enforced. This Agreement was the subject of negotiation by the parties
hereto and their counsel. The parties agree that no prior drafts of this
Agreement shall be admissible as evidence (whether in any arbitration or court
of law) in any proceeding which involves the interpretation of any provisions
of this Agreement.

             10.6    Governing Law. This Agreement shall be governed by and
construed in accordance with the internal laws of the State of Florida without
reference to the conflict of law principles thereof.

             10.7    Section Headings. The section headings contained herein
are for the purposes of convenience only and are not intended to define or
limit the contents of said sections.

             10.8    Further Assurances. Each party hereto shall cooperate and
shall take such further action and shall execute and deliver such further
documents as may be reasonably requested by the other party in order to carry
out the provisions and purposes of this Agreement.

             10.9    Gender. Whenever the pronouns "he" or "his" are used
herein they shall also be deemed to mean "he" or "his" or "it" or "its"
whenever applicable. Words in the singular shall be read and construed as
though in the plural and words in the plural shall be read and construed as
though in the singular in all cases where they would so apply.

             10.10   Counterparts. This Agreement may be executed in
counterparts, all of which taken together shall be deemed one original.

                                   ARTICLE XI

                                    Survival

             11.1    Survival. The provisions of Articles VI, VII, VIII, and
X, of this Agreement shall survive the termination of this Agreement.

                                      16
<PAGE>

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

                                     Compass Knowledge Holdings, Inc.,
                                     a Florida Corporation,

                                     By: /s/ Rogers W. Kirven, Jr.
                                         -------------------------
                                     Title: CEO

                                     EMPLOYEE

                                     /s/ Anthony R. Ruben
                                     --------------------
                                     Tony Ruben

                                      17
<PAGE>

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

                                   EXHIBIT A
                                      TO
                             EMPLOYMENT AGREEMENT
                                BY AND BETWEEN
                       COMPASS KNOWLEDGE HOLDINGS, INC.
                                      AND
                                  TONY RUBEN

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

                                 INITIAL OPTIONS
             Year of Vesting                        # of Options
             ---------------                        ------------

2000 Signing Bonus Options                             100,000
                                                       -------
Commencement Date, 2001                                 50,000
Commencement Date, 2002                                 50,000
Commencement Date, 2003                                 50,000
Commencement Date, 2004                                 50,000
Total 2000-2004                                        300,000
                                                       =======

These Options shall be governed in accordance with the Company's Year 2000
Stock Option Plan.

                                      18
<PAGE>

                                   Exhibit A

            Liquidation Event Payment

(1) Options vest in accordance with the Employment Agreement vesting schedule.
(2) "Liquidation Event Payment Shares" only have value if there is a
Liquidation Event and the Fair Market Value per Common Share dictates as set
forth below.
(3) Option Strike Price:           $      2.00

<TABLE>
<CAPTION>
  FMV Per            Number of            Value         Value of Options          Total Value
                                     --------------    ------------------     -------------------
Common Share        L.E.P. Shares
-------------   ----------------
<S>                     <C>           <C>                <C>                   <C>
$       0.50            200,000       $     100,000      $            -        $      100,000
$       1.00            200,000       $     200,000      $            -        $      200,000
$       1.50            200,000       $     300,000      $            -        $      300,000
$       2.00            200,000       $     400,000      $            -        $      400,000
$       2.50            140,000       $     350,000      $        150,000      $      500,000
$       3.00            100,000       $     300,000      $        300,000      $      600,000
$       3.50             71,429       $     250,002      $        450,000      $      700,002
$       4.00             50,000       $     200,000      $        600,000      $      800,000
$       4.50             33,334       $     150,003      $        750,000      $      900,003
$       5.00             20,000       $     100,000      $        900,000      $    1,000,000
$       5.50              9,091       $      50,001      $      1,050,000      $    1,100,001
$       6.00                  -       $           -      $      1,200,000      $    1,200,000
$       6.50                  -       $           -      $      1,350,000      $    1,350,000
$       7.00                  -       $           -      $      1,500,000      $    1,500,000
$       7.50                  -       $           -      $      1,650,000      $    1,650,000
$       8.00                  -       $           -      $      1,800,000      $    1,800,000
$       8.50                  -       $           -      $      1,950,000      $    1,950,000
$       9.00                  -       $           -      $      2,100,000      $    2,100,000
$       9.50                  -       $           -      $      2,250,000      $    2,250,000
$      10.00                  -       $           -      $      2,400,000      $    2,400,000
$      10.50                  -       $           -      $      2,550,000      $    2,550,000
$      11.00                  -       $           -      $      2,700,000      $    2,700,000
$      11.50                  -       $           -      $      2,850,000      $    2,850,000
$      12.00                  -       $           -      $      3,000,000      $    3,000,000
$      12.50                  -       $           -      $      3,150,000      $    3,150,000
$      13.00                  -       $           -      $      3,300,000      $    3,300,000
$      13.50                  -       $           -      $      3,450,000      $    3,450,000
$      14.00                  -       $           -      $      3,600,000      $    3,600,000
$      14.50                  -       $           -      $      3,750,000      $    3,750,000
$      15.00                  -       $           -      $      3,900,000      $    3,900,000
$      15.50                  -       $           -      $      4,050,000      $    4,050,000
$      16.00                  -       $           -      $      4,200,000      $    4,200,000
$      16.50                  -       $           -      $      4,350,000      $    4,350,000
$      17.00                  -       $           -      $      4,500,000      $    4,500,000
$      17.50                  -       $           -      $      4,650,000      $    4,650,000
$      18.00                  -       $           -      $      4,800,000      $    4,800,000
$      18.50                  -       $           -      $      4,950,000      $    4,950,000
$      19.00                  -       $           -      $      5,100,000      $    5,100,000
$      19.50                  -       $           -      $      5,250,000      $    5,250,000
$      20.00                  -       $           -      $      5,400,000      $    5,400,000
</TABLE>

   etc.

                                      19

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00034-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00034-of-00352.parquet"}]]