Document:

Exhibit 10.10

        Employment Agreement (Avalon Media Group, Inc. - Peter Waraksa)

<PAGE>

                              EMPLOYMENT AGREEMENT

         This Agreement, dated the 1st day of June, 1999, by and between AVALON
MEDIA GROUP, INC., a corporation organized and existing under the laws of the
State of Tennessee (referred to as "Employer") and PETER P. WARAKSA, an
individual (referred to as "Employee").

         In consideration of the mutual convenants contained in this agreement,
and other good and valuable consideration, the parties agree as follows:

                                  SECTION ONE

                                   EMPLOYMENT

         Employer hereby agrees to employ Employee, and Employee agrees to serve
as an employee of Employer and in addition, as needed, as an employee of one or
more of its subsidiaries, during the Period of Employment, as defined in Section
Two, in such executive capacity as is decided from time to time by the
Employer's Board of Directors. During the Period of Employment, Employee also
agrees, if elected, to serve as a Director of the Board of Directors of
Employer, as well as a member of any committee of the Board of Directors of the
Employer to which Employee may be elected or appointed. At its meeting to be
held on the same date of this Agreement, the Board of Directors of Employer
will, at its sole discretion, elect Employee to the additional post of President
and Chief Operating Officer of Employer effective as of the date of this
Agreement and it is the intention of the Board of Directors to reelect Employee
to such positions where necessary to comply with the Employer's Articles and
ByLaws during the balance of the Period of Employment.

                                  SECTION TWO

                              PERIOD OF EMPLOYMENT

         The "Period of Employment" shall be the period commencing on June 1,
1999 and ending on June 1, 2002, and the period of any extensions in accordance
with the further provisions of this Section. Unless otherwise extended,
modified, or terminated, the Period of Employment shall be extended on a
month-to-month basis automatically without further action by either party,
unless either party shall have served written notice to the other party at least
Thirty (30) days prior to the contemplated termination date.

                                 SECTION THREE

                     DUTIES DURING THE PERIOD OF EMPLOYMENT

         Employee shall devote his full time, attention and best efforts to the
affairs of Employer and

                                      -1-
<PAGE>

its affiliates and subsidiaries during the Period of Employment. Employee shall
perform all duties and tasks requested by and at the direction of the Employer's
Board of Directors. Employee will not be required to perform any duties or tasks
of an unlawful or immoral nature or that would in any way compromise Employee's
religious beliefs.

                                  SECTION FOUR

                           CURRENT CASH COMPENSATION

         (a) REIMBURSEMENT. Employer agrees to reimburse Employee upon execution
of this Agreement a total of Ten Thousand Dollars ($10,000) for and in
consideration of past business expenses borne by Employee (the "Reimbursement").
However, in the event Employee should terminate this Agreement at any time prior
to June 1, 2000 for any reason other than for Employer's adjudicated material
breach of this Agreement, Employee shall be required to immediately return the
Reimbursement to Employer.

         (b) BASE ANNUAL SALARY. Employer will pay to Employee during the Period
of Employment a base annual salary of Eighty Thousand Dollars ($80,000), payable
in substantially equal bi-monthly (twice monthly) installments during each
calendar year, or portion of a year, of the Period of Employment; provided,
however, that the Employer shall review annually, and in light of such review
may, in the sole discretion of the Board of Directors, increase such base annual
salary taking into account such things as Employee's then responsibilities,
profitability of Employer, increases in the cost of living, increases in
compensation of other executives of Employer and its subsidiaries, and other
pertinent factors.

         (c) BONUS. During the Period of Employment, Employer, in its sole
discretion, will award Employee certain quarterly bonuses based on his
performance and other factors; provided, however, that such bonuses shall not
exceed Ten Thousand Dollars ($10,000) each quarter or Forty Thousand Dollars
($40,000) annually for each year of Employee's service under this Agreement. If
the Period of Employment should terminate other than at the end of bonus
quarter, Employer will pay Employee as his last bonus a prorated amount over the
number of complete weeks of service during the last three months of service.
While not being legally required to pay any bonus, Employer agrees to take into
account, in determining the amount of any quarterly bonuses, the factors
described in paragraph (a) of this Section, including the gross revenues of the
Employer. In addition, Employer will disclose and make known in detail to
Employee all such factors to be considered in determining a bonus prior to the
beginning of each quarter. The bonus in respect to any quarter shall be paid on
or before the last day of the month following the quarter.

                                  SECTION FIVE

                                STOCK INCENTIVES

         On the date of this Agreement, Employer shall grant to Employee an
option to purchase shares of Employer's parent corporation's common stock
according to the following vesting

                                      -2-
<PAGE>

schedule:

                  VESTING DATE          NO. OF SHARES        EXERCISE PRICE
                  ------------          -------------        --------------
                  June 1, 2000          50,000               $1.00 per share
                  June 1, 2001          50,000               $2.00 per share
                  June 1, 2002          50,000               $3.00 per share

         No shares may be purchased under this option before June 1, 2000. In
addition, and not-with-standing anything contained herein to the contrary, any
and all stock options that have not been exercised, whether or not such options
have vested, as of the termination of this Agreement, whether such termination
is with or without cause, shall immediately terminate, expire and become void
entirely at such termination. In the event of any merger, consolidation or other
reorganization of Employer in which Employer is not the surviving or continuing
corporation, unless the surviving corporation agrees to grant Employee options
on terms substantially equivalent to the foregoing, all or a portion of the
shares remaining subject to the option may be purchased by Employee immediately.

                                  SECTION SIX

                            OTHER EMPLOYEE BENEFITS

         (a) VACATION AND SICK LEAVE. Employee shall be entitled to reasonable
paid annual vacation periods and to reasonable sick leave. Unless otherwise
approved by Employer's Board of Directors, Employee shall be entitled to two (2)
weeks paid vacation during the first year of the Period of Employment, three (3)
weeks paid vacation during the second year of the Period of Employment, and four
(4) weeks paid vacation during the third and final year of the Period of
Employment.

         (b) REGULAR REIMBURSED BUSINESS EXPENSES. Employer shall reimburse
Employee for all expenses and disbursements directly related to Employer's
business and reasonably incurred by Employee in the performance of his duties
during the Period of Employment that have been approved in advance by Employer.

         (c) EMPLOYER'S BENEFIT PLANS OR ARRANGEMENTS. In addition to the cash
compensation provided for in Section Four, Employee, subject to meeting
eligibility provisions and to the provisions of this Agreement, shall be
entitled to participate in all employee benefit plans of Employer, as presently
in effect or as they may be modified or added to by the Employer from time to
time.

         (d) REIMBURSEMENT FOR TEMPORARY AND INCIDENTAL EXPENSES. In
consideration of Employee's acceptance of employment pursuant to this Agreement,
Employee expects to incur certain special and temporary expenses for which
Employer agrees to reimburse Employee, subject to the further provisions of this
paragraph (e), namely: (i) reasonable travel and lodging expenses to and from
the Employer's other offices where ever located which are incurred by Employee
during the Period of Employment, and (ii) if Employee is transferred to another
location at the request of the Employer, any reasonable moving expenses from the
City of Knoxville to such new business location. Employee must receive prior
written approval for any and all such Temporary and Incidental

                                      -3-
<PAGE>

Expenses, and shall furnish Employer with itemized receipts and vouchers
covering such expenses in order to be reimbursed by Employer.

         (e) MEDICAL AND DENTAL INSURANCE COVERAGE. Employer will provide
Employee with medical and dental insurance which is substantially comparable to
that provided by Employer to its current employees.

         (f) PENSION BENEFITS. Employee (and to spouse or beneficiary, if the
form of pension includes a continuing payment to spouse or beneficiary after
death) shall be entitled to participate in any pension plans established and
provided by Employer with terms as shall be offered to any other Executive
Officer of Employer.

                                 SECTION SEVEN

                                  TERMINATION

         (a) TERMINATION BY EMPLOYER WITHOUT CAUSE; VOLUNTARY TERMINATIONS.
Either party may terminate this Agreement at any time with or without cause upon
thirty (30) days written notice to the other party. If Employer should terminate
the Period of Employment without cause, other than for material breach or just
cause, as defined herein, Employer shall forthwith pay to Employee a severance
benefit in one lump sum according to the following severance schedule:

         TERMINATION DATE                           SEVERANCE BENEFIT
         ----------------                           -----------------

         Termination on or before January 1, 2000   No severance benefit
         Termination after January 1, 2000,
           and before June 1, 2000                  One (1) Month Base Salary
         Termination after June 1, 2000,
           and before June 1, 2001                  Two (2) Months Base Salary
         Termination after June 1, 2001,
           And before June 1, 2002                  Three (3) Months Base Salary

         Not-with-standing anything contained herein to the contrary, Employee
shall not be entitled to any severance benefits upon the termination by Employee
of this Agreement, or the for cause termination by Employer.

         (b) TERMINATION BY EMPLOYER FOR CAUSE. Employer may terminate this
Agreement at any time for a Breach or Just Cause. As used herein, "Breach" and
"Just Cause" shall mean the breach of any term of this Agreement, any willful
misconduct or derogation in following the directions of the Employer's Chief
Executive Officer or Board of Directors; commission by the Employee of a felony
under the laws of any state or the United States of America; alcohol abuse of
the Employee while on or off the job which interferes with the Employee's
ability to perform his duties pursuant to this Agreement; abuse by the Employee
of any substance which interferes with the Employee's mental faculties and/or
physical performance, including but not limited to alcohol, illicit drugs, and

                                      -4-
<PAGE>

prescription drugs; mental incompetency of the Employee; excessive absenteeism
not related to illness, sick leave or vacations; dishonesty; conflicts of
interest; any disability of Employee that would prevent Employee from performing
his duties under this Agreement; repeated conduct of the Employee which violates
any written rules, policy or guidelines established by the Employer; any course
of conduct of the Employee which proves to be detrimental to the Employer.

         (c) RESIGNATION OF EMPLOYEE. If during the Period of Employment,
Employee shall exercise his right of voluntary termination of this Agreement
pursuant to this Section Seven, Employee shall immediately resign as Director
and as an Officer of Employer, and Employee hereby agrees that any termination
by either party of this Agreement shall constitute the voluntary resignation by
Employee as a Director and Officer of Employer.

                                 SECTION EIGHT

                                 NONDISCLOSURE

         Employee shall not, at any time during or following the Period of
Employment, disclose, use, transfer or sell, except in the course of employment
with Employer, any confidential information or proprietary data of Employer
and/or its affiliates and subsidiaries so long as such information or
proprietary data remains confidential and has not been disclosed or is not
otherwise in the public domain. Employee further agrees to keep all terms of
this Agreement confidential, and shall not disclose any term of this Agreement
to any person or entity, whether or not related to or employed by Employer
without the prior written consent of Employer's Board of Directors.

                                  SECTION NINE

                                 NONCOMPETITION

         Employee hereby agrees that at any time while he is employed by
Employer, and for a period of two (2) years thereafter, he will not individually
or as an employee, partner, officer or agent of any person, firm, partnership,
corporation, governmental unit, company or other entity, anywhere within the
states of Alabama, Georgia, Mississippi, Kentucky, Tennessee and such other
states in which Employer transacts between during the Period of Employment,
engage in the business of manufacturing, selling or leasing any cable
ad-insertion systems, or engage in the business of selling cable advertising
avails. Employee agrees that this noncompetition provision is reasonable and
necessary to protect Employer's business, and that Employee's violation of this
provision would result in irreparable harm to Employer. In the event Employee
breaches this provision, Employer shall be entitled to injunctive relief in
addition to any other remedies legally available. This provision shall survive
any termination of this Agreement except where Employer terminates this
Agreement without cause.

                                      -5-
<PAGE>

                                  SECTION TEN

                                 GOVERNING LAW

         This Agreement is governed by and is to be construed and enforced in
accordance with the laws of the State of Alabama. If under such law, any portion
of this Agreement is at any time deemed to be in conflict with any applicable
statute, rule, regulation or ordinance, such portion shall be deemed to be
modified or altered to conform to such provisions, or, if that is not possible,
to be omitted from this Agreement; and the invalidity of any such portion shall
not affect the force, effect and validity of the remaining portion of this
agreement.

                                 SECTION ELEVEN

                                    NOTICES

         All notices under this Agreement shall be in writing and shall be
deemed effective when delivered in person (in the Employer's case, to its
Secretary) or thirty-six (36) hours after deposit in the United States mails,
postage prepaid, for delivery as registered or certified mail, addressed, in the
case of Employee, to the employee's residential address, and in the case of
Employer, to its corporate headquarters, attention of the Secretary, or to such
other address as Employee or Employer may designate in writing at any time or
from time to time to the other party. In lieu of personal notice or notice by
deposit in the United States mail, a party may give notice by telegram or telex.

                                 SECTION TWELVE

                         REPRESENTATIVES AND WARRANTIES

         Employer represents and warrants that the execution of this Agreement
has been duly authorized by resolution of its Board of Directors, and that this
Agreement constitutes a valid and binding obligation of Employer in accordance
with its terms. Employee represents and warrants that any and all information
relating in any way to Employer or Employer's business has been disclosed to
Employer prior to the date of this Agreement, and that such information is true
and correct, and that no material information relating in any way to Employer
and Employee's decision to accept employment with Employer was intentionally,
recklessly or negligently omitted from being disclosed to Employer.

                                SECTION THIRTEEN

                                INDEMNIFICATION

         Employee agrees to indemnify and hold harmless Employer from and
against any losses, claims, damages, liabilities and/or expenses relating in any
way to the Employee or Employer's business, arising prior to the date of this
Agreement or during the term of this Agreement (including any legal or other
expenses reasonably incurred in investigating or defending any action

                                      -6-
<PAGE>

or claim in respect thereof) to which may be proximate cause of Employee's
unauthorized actions and that Employer may in any way become subject.

                                SECTION FOURTEEN

                                 MISCELLANEOUS

         This Agreement constitutes the entire understanding between Employer
and Employee relating to employment of Employee by Employer and its affiliates
or subsidiaries and supersedes and cancels all prior written and oral agreements
and understandings with respect to the subject matter of this Agreement. This
Agreement may be amended but only by a subsequent written agreement of the
parties. This Agreement shall be binding upon and shall inure to the benefit of
Employee, his heirs, executors, administrators and beneficiaries and to the
benefit of Employer and its successors and assigns.

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

                                        AVALON MEDIA GROUP, INC.

                                        By:   /s/ MR. JAMES M. BOHANNON
                                              -----------------------------
                                              Mr. James M. Bohannon
                                              Its Chairman of the Board

                                              (EMPLOYER)

                                        By:   /s/ MR. PETER P. WARAKSA
                                              -----------------------------
                                              Mr. Peter P. Waraksa

                                              (EMPLOYEE)

                                      -7-
<PAGE>

STATE OF            TN               )
          -----------------------

COUNTY OF    HAMILTON                )
          -----------------------

         I, the undersigned, a Notary Public in and for said County, in said
State, hereby certify that James B. Bohannon, is signed to the foregoing
application as Chairman of AVALON MEDIA GROUP, INC. and who presented proper
identification, and acknowledged before me on this day that, being informed of
the contents of said application, he signed the same voluntarily.

         Given under my hand and official seal this the 25 day of June, 1999.

                                        /s/ BELINDA PHILLIPS
                                        ---------------------------------
                                        Notary Public
                                        My Commission Expires:  3/21/2001

                                      -8-
<PAGE>

STATE OF            TN               )
          -----------------------

COUNTY OF    HAMILTON                )
          -----------------------

         I, the undersigned, a Notary Public in and for said County, in said
State, hereby certify that Peter P. Waraksa, is signed to the foregoing
application and who presented proper identification, and acknowledged before me
on this day that, being informed of the contents of said application, he signed
the same voluntarily.

         Given under my hand and official seal this the 25 day of June, 1999.

                                        /s/ BELINDA PHILLIPS
                                        ---------------------------------
                                        Notary Public
                                        My Commission Expires:  3/21/2001

                                      -9-Exhibit 10.11

                  Lease Agreement (Nationwide Funding, L.L.C.)

<PAGE>

EQUIPMENT LEASE AGREEMENT                          -----------------------------
--------------------------------------------
LESSOR:  NATIONWIDE FUNDING, LLC                     AGREEMENT #
         300 W. Adams Ste. 510                            22000
         Chicago, IL  60606
--------------------------------------------       -----------------------------
--------------------------------------------------------------------------------
EQUIPMENT
         DESCRIPTON                         QUANTITY MODEL #   SERIAL #
         See Schedule 'A'

         EQUIPMENT LOCATION IF OTHER THAN BILLING ADDRESS OF LESSEE
         See Schedule 'A'
--------------------------------------------------------------------------------
                    ------------------------------------------------------------
                    TERMS AND CONDITIONS

                    The words YOU and YOUR mean the Lessee. The words WE, US and
                    OUR refer to the Lessor indicated on reverse.
------------------
    TERM & RENT     1. RENTAL ("AGREEMENT"). We agree to rent to you and you
   INITIAL TERM     agree to rent from us the equipment listed above
     60 MONTHS      ("Equipment"). You promise to pay us the rental payment
                    according to the payment schedule shown above. The parties
  MONTHLY RENTAL    intend this Agreement to MONTHLY RENTAL be a finance lease
PAYMENT $4,659.24   under Article 2A of the Uniform PAYMENT $4,659.24 Commercial
 (PLUS APPLICABLE   Code.
       TAX)
                    2. TERM AND RENT: The initial term shall commence on the day
      ADVANCE       that any of the Equipment is delivered to you (The
1ST & LAST PAYMENT  Commencement Date). The installments of rent shall be
     $9,318.48      payable in advance at the time and in the amounts provided
    (CHECK MUST     above, commencing on the Commencement Date and subsequent
  ACCOMPANY LEASE)  payments shall be due on the same date of each successive
------------------  period thereafter until all rent and any additional rent or
                    expenses chargeable under this Agreement shall have been
                    paid in full. Lessee obligation to pay the rent and other
                    obligations hereunder shall be absolute and unconditional
                    and are not subject to any abatement, set-off, defense or
                    counter-claim for any reason whatsoever.

                    3. NO WARRANTIES: We are renting the Equipment to you "AS
                    IS". WE MAKE NO WARRANTIES, EXPRESS OR IMPLIED, INCLUDING
                    WARRANTIES OF MERCHANTABILITY, OR FITNESS FOR A PARTICULAR
                    PURPOSE IN CONNECTION WITH THIS AGREEMENT. We transfer to
                    you for the term of this Agreement any warranties made by
                    manufacturer or supplier to us. NEITHER SUPPLIER NOR ANY
                    AGENT OF SUPPLIER IS AN AGENT OF LESSOR OR IS AUTHORIZED TO
                    WAIVE OR MODIFY ANY TERM OR CONDITON OF THIS AGREEMENT.
                    ------------------------------------------------------------
--------------------------------------------------------------------------------
LESSEE  AVALON-BORDER COMPANIES, INC. & AVALON
        MEDIA GROUP, INC., JOINTLY & SEVERALY       PHONE NO:  423-485-5554
BILLING ADDRESS 5959 Shallowford Road, Suite 4093
                Chattanooga, TN  37421

                                    THIS AGREEMENT IS NOT CANCELABLE

BY:  /s/  JAMES BOHANNON                    X /s/  JAMES BOHANNON       10/18/99
     ---------------------------------        ----------------------------------
AUTHORIZED SIGNATURE:  JAMES BOHANNON,        JAMES BOHANNON,           DATE
                       CHAIRMAN FOR           CHAIRMAN FOR
                       AVALON BORDEN          AVALON MEDIA GROUP, INC.
                       COMPANIES, INC.
PRINT NAME:  JAMES BOHANNON
             /s/ JAMES BOHANNON
             ------------------
         THE TERMS AND CONDITIONS PRINTED WITHIN ARE MADE A PART HEREOF
--------------------------------------------------------------------------------
                                    GUARANTY

To induce Lessor to enter into the within Agreement, the undersigned (jointly
and severally, if more than one) unconditionally guarantees to Lessor the prompt
payment when due of all Lessee's obligations to Lessor under the Agreement
including without limitation, every rental installment, the accelerated balance
of rents, administrative charges, collection charges, and interest. Lessor shall
not be required to proceed against Lessee or Equipment or to enforce any of its
other remedies before proceeding against the undersigned. The undersigned agrees
to pay all reasonable attorney's fees, court costs and other expenses incurred
by Lessor by reason of any default by Lessee. The undersigned waives notice of
acceptance hereof and all the other notices or demands of any kind to which the
undersigned may be entitled except demand for payment. The undersigned consents
to any extensions of time or modification or amount of payment granted to Lessee
and the release and/or compromise of any obligations of Lessee or any other
obligors and/or guarantors without in any way releasing the undersigned's
obligations hereunder. This is a continuing Guaranty and shall not be discharged
or affected by your administrators, representatives, successors and assigns.
Guarantor waives any right of subrogation, indemnity, reimbursement and
contribution by Lessee. This Guaranty shall continue to be effective or
reinstated, as applicable if at any time payment of any part of the obligations
under the Agreement is rescinded or otherwise required to be returned by Lessor
upon the insolvency, bankruptcy, or reorganization of Lessee or upon the
appointment of a receiver, trustee or similar officer for Lessee or its assets,
all as though such payment to Lessor had not been made, regardless of whether
Lessee contested the order requiring the return of such payment. This Guaranty
may be enforced by or for the benefit of any assignee or successor of Lessor.
Nothing shall discharge or satisfy the undersigned's liability except the full
performance and payment of all the Lessee's obligation to Lessor with interest.
THE UNDERSIGNED CONSENTS TO THE PERSONAL JURISDICTION OF THE COURTS OF THE STATE
OF NEW JERSEY WITH RESPECT TO ANY ACTION ARISING OUT OF ANY LEASE, GUARANTY
SETTLEMENT AGREEMENT, PROMISSORY NOTE OR OTHER ACCOMMODATION OR AGREEMENT WITH
LESSOR. THIS MEANS THAT ANY LEGAL ACTION FILED AGAINST THE LESSEE AND/OR
GUARANTORS MAY BE FILED IN NEW JERSEY AND THAT LESSEE AND/OR ANY OF THE
GUARANTORS MAY BE REQUIRED TO DEFEND AND LITIGATE ANY SUCH ACTION IN NEW JERSEY.
Lessee and all Guarantors agree that service of process by certified mail,
return receipt requested, shall be deemed the equivalent of personal service in
any such action. Any legal action concerning this Agreement shall be governed by
and construed according to the laws of the State of New Jersey.

                                          X--------------------------------
    X--------------------------------      GUARANTOR SIGNATURE        DATE
     WITNESS SIGNATURE          DATE       INDIVIDUALLY

                                           --------------------------------
                                           PRINT NAME
     --------------------------------
     PRINT NAME
                                          X--------------------------------
                                           GUARANTOR SIGNATURE        DATE
                                           INDIVIDUALLY

                                           --------------------------------
                                           PRINT NAME
<PAGE>

4. OWNERSHIP REDELIVERY AND RENEWAL: We are the owner of the Equipment and have
title to the Equipment. To protect our rights in the Equipment, in the event
this Agreement is determined to be a security agreement, you hereby grant to us
a security interest in the Equipment and all proceeds, products, rents or
profits therefrom in states where permissible you hereby authorize us to cause
this Agreement or any statement or other instrument in respect to this Agreement
showing our interest in the Equipment, including Uniform Commercial Code
Financing Statements, to be filed or recorded and re-filed and re-recorded and
grant us the right to execute your name thereto. You agree to execute and
deliver any statement or instrument requested by us for such purpose. You agree
to pay or reimburse us for any searches, filings, recordings, stamp fees or
taxes related to the filing or recording of any such instrument or statement. No
more than one hundred eighty (180) days but not less than ninety (90) days prior
to the expiration of the initial term or any renewal term of this Agreement you
shall give us written notice of your intention to either return the Equipment to
us or purchase the Equipment as provided below. Provided you have given such
timely notice you shall return the Equipment, freight and insurance prepaid, to
us, in good repair condition and working order, ordinary wear and tear excepted,
in a manner and to a location designated by us or remit the purchase option. If
you fail to so notify us, or having notified us, you fail to return the
Equipment as provided herein, or fail to remit the purchase option, this
Agreement shall renew for additional terms of twelve (12) months each at a
periodic rent equal to 100% of the rent provided herein.

5. OPTION TO PURCHASE: We hereby grant to you, provided you are not in default
hereunder, the option to purchase, "AS IS" without express or implied
warranties, all (not part) of the Equipment at the expiration of the term of
this Agreement for its then fair market value plus all applicable taxes.

6. MAINTENANCE, RISK OF LOSS, AND INSURANCE: You are responsible for installing
and keeping the Equipment in good working order. Except for ordinary wear and
tear, you are responsible for protecting the Equipment from damage and loss of
any kind. If the Equipment is damaged or lost, you agree to continue to pay
rent. You agree during the term of this Agreement, to keep the Equipment fully
insured against damage and loss, naming us as the loss payee to obtain a general
public liability insurance policy from a company acceptable to us, including us
as an additional insured on the policy. You agree to provide us certificates or
other evidence of insurance. If you do not, you agree that we have the right but
not the obligation to obtain such insurance, in which event you agree to pay us
for all costs thereof.

7. INDEMNITY We are not responsible for any losses or injuries caused by the
installation, removal or use of the Equipment. You shall indemnify and hold us
harmless from and against any claims, actions, proceedings, damages, expenses
and costs (including attorney's fees and costs) arising out of or in connection
with the Equipment or this Agreement including without limitation, the
possession, use, rental, operation and return of the Equipment.

8. TAXES AND FEES: You agree to pay when due or reimburse us for all taxes,
fees, fines and penalties relating to use or ownership of the Equipment or to
this Agreement, now or hereafter imposed, levied or assessed by any state,
federal or local government or agency. You agree to pay us a fee of $67.50 to
reimburse us for the expense of preparing financing statements and for other
documentation costs.
EQUIPMENT LOCATED IN VARIOUS STATES is subject to sales tax which require that
tax to be paid up front. If you choose to pay this tax up front, you may
include, with your security deposit, your check for the current percent of tax
applied to the cost of Equipment. If you do not include payment up front, you
authorize us to advance the tax and increase your monthly payment by an amount
equal to the current tax percentage applied to the monthly rental shown above.

9. LOCATION OF EQUIPMENT: You will keep and use the Equipment only at your
address shown above. You agree that the Equipment will not be removed from that
address unless you get our written permission in advance to move it.

10. DEFAULT AND REMEDIES: If you (a) fail to pay rent or any other payment
hereunder when due; or (b) fail to perform any of the terms, covenants or
conditions of this Agreement after ten (10) days written notice; or (c) become
insolvent or make an assignment for the benefit of creditors; or (d) a receiver,
trustee, conservator or liquidator is appointed with or without your consent,
you shall be in default under the Agreement and, we may to the extent permitted
by applicable law, exercise any one or more of the following remedies: (i)
declare due, sue for and receive from you the sum of all rental payments and
other amounts then due and owing under this Agreement or any schedule hereto,
plus the present value of (x) the sum of the rental payments for the unexpired
term of this Agreement or any schedule hereto discounted at the rate of 6% per
annum and (y) the anticipated value of the Equipment at the end of the initial
term of applicable renewal term of the Agreement (but in no event less than 15%
of the original cost of the Equipment) discounted at the rate of 6% per annum
and upon recovery of the same in full, the Equipment shall become your property;
(ii) to similarly accelerate the balances due under any other agreements between
us; (iii) to take immediate possession of the Equipment, and to lease or sell
the Equipment or any portion thereof, upon such terms as we may elect, and to
apply the net proceeds, less reasonable selling and administrative expenses, on
account of your obligations hereunder; (iv) charge you interest on all monies
due us from and after the date of default at the rate of one and one third
percent (1-1/3%) per month until paid but in no event more than the maximum rate
permitted by law; (v) require you to return all Equipment at your expense to a
place reasonably designated by us; (vi) to charge you for all the expenses
incurred in connection with the enforcement of any of our remedies including all
costs of collection, reasonable attorney's fees and court costs. When ever any
payment is not made by you when due hereunder, you agree to pay us, not later
than one month thereafter, as an administrative charge to offset our collection
expenses, an amount calculated at the rate of ten cents per one dollar for each
such delayed payment, or $15 whichever is higher, but only to the extent
permitted by law. Such amount shall be payable in addition to all amounts
payable by you as a result of the exercise of any of the remedies provided
herein. All our remedies are cumulative, are in addition to any other remedies
provided for by law and may, to the extent permitted by law, be exercised either
concurrently or separately. Exercise of any one remedy shall not be deemed an
election of such remedy or to preclude the exercise of any other remedy. No
failure on our part to exercise any right or remedy and no delay in exercising
any right or remedy shall operate as a waiver of any right or remedy or to
modify the terms of this Agreement. A waiver of default shall not be construed
as a waiver of any other or subsequent default. We shall retain the sum set
forth above as a security deposit for your performance of your obligations
hereunder. Upon lawful termination of this Agreement, provided you are not in
default, the Security Deposit shall be returned to you. No interest shall be
paid upon said Security Deposit. In the event of default we may apply said
Security Deposit to cure any default.

11. ASSIGNMENT; YOU HAVE NO RIGHT TO SELL, TRANSFER, ASSIGN THIS AGREEMENT OR
SUBLEASE THE EQUIPMENT: We may sell, assign or transfer this Agreement, without
notice. You agree that if we sell, assign or transfer this Agreement, the new
owner will have the same rights and benefits that we have now and will not have
to perform any of our obligations. You agree that the right of the new owner
will not be subject to any claims, defenses, or set offs that you may have
against us. In the event of a sale, assignment or transfer, we agree to remain
responsible for our obligations hereunder.

12. CONSENT TO JURISDICTION AND GOVERNING LAW: YOU CONSENT TO THE PERSONAL
JURISDICTION OF THE COURTS OF THE STATE OF NEW JERSEY WITH RESPECT TO ANY ACTION
ARISING OUT OF THIS AGREEMENT OR THE EQUIPMENT. THIS MEANS THAT ANY LEGAL ACTION
FILED AGAINST YOU MAY BE FILED IN NEW JERSEY AND THAT YOU MAY BE REQUIRED TO
DEFEND AND LITIGATE ANY SUCH ACTION IN NEW JERSEY. You agree that service of
process by certified mail, return receipt requested, shall be deemed the
equivalent of personal service in any such action. However, nothing in this
paragraph shall be construed to limit the jurisdictions in which suit may be
filed by any party to this Agreement or the means of obtaining service of
process in any such suit. This Agreement shall be governed by and construed
according to the laws of the State of New Jersey. TO THE EXTENT PERMITTED BY
LAW, YOU WAIVE TRIAL BY JURY IN ANY ACTION HEREUNDER YOU HEREBY WAIVE ANY AND
ALL RIGHTS AND REMEDIES GRANTED YOU BY SECTION 2A-508 THROUGH 2A-522 OF THE
UNIFORM COMMERCIAL CODE.

13. CUSTOMER P.O.: You agree that any Purchase Order issued to us covering the
rental of this Equipment, is issued for purposes of authorization and your
internal use only, and none of its terms and conditions shall modify the terms
of this Agreement.

ENTIRE AGREEMENT: This Agreement contains the entire arrangement between you and
us and no modifications of this Agreement shall be effective unless in writing
and signed by the parties.
<PAGE>

LESSEE X   /s/ James Bohannon       TITLE:  CHAIRMAN        DATE   10/18/99
         ------------------------         ---------------       ----------------
         JAMES BOHANNON, CHAIRMAN FOR AVALON-BORDEN COMPANIES, INC.

X /s/ James Bohannon
 --------------------------------------------------------------------
       JAMES BOHANNON, CHAIRMAN FOR AVALON-MEDIA GROUP, INC.

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

          BY:_________________________TITLE:_______________________DATE:________
ACCEPTED:
          LESSOR:  NATIONWIDE FUNDING, LLC

--------------------------------------------------------------------------------
<PAGE>
                             DELIVERY AND ACCEPTANCE

We (the leasing customer) certify that all equipment referred to in the Lease
Agreement has been delivered and is fully installed. We also certify that we
have inspected the equipment and that it is in good operating order and fit for
our intended use. We unconditionally accept the equipment and acknowledge that
it has not been accepted on a "trial" basis. We now request that the leasing
company sign the lease and pay the equipment vendor. We understand the
importance of this certification to the leasing company prior to paying the
vendor and we understand we will be precluded from denying the truth of this
certification in the future.

AVALON-BORDEN COMPANIES, INC. & AVALON MEDIA GROUP, INC. JOINTLY AND SEVERLY
--------------------------------------------------------------------------------
Lessee Name

/s/ JAMES BOHANNON         JAMES BOHANNON                     CHAIRMAN
--------------------------------------------------------------------------------
Signature                  Print Name                         Title

/s/ JAMES BOHANNON         JAMES BOHANNON                     CHAIRMAN
--------------------------------------------------------------------------------
Signature                  Print Name                         Title

Date:    10/18/99
      -----------------------

                 VERBAL VERIFICATION OF DELIVERY AND ACCEPTANCE

Your acceptance of delivery will be verified by a phone audit within the next
three days. Please list the phone numbers at which you may be reached during
this time:

-------------------------------         -----------------------------
Office telephone                        Home telephone

-------------------------------         -----------------------------
Mobile telephone                        Other telephone

                   AUTHORIZATION TO VERIFY WITH ANOTHER PARTY

I may not be able to give verbal verification of the equipment delivery. In that
case, I hereby authorize___________________(print name) to provide that
verification in my place. I realize that this person's verification shall be
legally binding and shall abide by his or her decision. They can be contacted at
_______________________.

AVALON-BORDEN COMPANIES, INC. & AVALON MEDIA GROUP, INC. JOINTLY AND SEVERLY
--------------------------------------------------------------------------------
Lessee Name

/s/ JAMES BOHANNON         JAMES BOHANNON                     CHAIRMAN
--------------------------------------------------------------------------------
Signature                  Print Name                         Title

/s/ JAMES BOHANNON         JAMES BOHANNON                     CHAIRMAN
--------------------------------------------------------------------------------
Signature                  Print Name                         Title

<PAGE>

                                  SCHEDULE "A"
This schedule is to be attached to and becomes part of Lease date__________,
199__.

                         DESCRIPTION OF EQUIPMENT LEASE
<TABLE>
<CAPTION>

ADDRESS                    EQUIPMENT
-------                    ---------
<S>                        <C>                       <C>
1347 CLEARVIEW DRIVE       (1) ADPLAYER MODULE       (1) VISUAL CIRCUITS GENLOCK BOARDS
RINGGOLD, GA               (1) VISUAL CIRCUITS 4 REELTIME PRO

927 E. ALT 52              (2) ADPLAYER MODULE       (2) VISUAL CIRCUITS GENLOCK BOARDS
CHATSWORTH, GA             (2) VISUAL CIRCUITS 4REELTIME PRO

HIGHWAY 27S                (2) ADPLAYER MODULE       (2) VISUAL CIRCUITS GENLOCK BOARDS
SUMMERVILLE, GA            (2) VISUAL CIRCUITS 4REELTIME PRO

7133 HIGHWAY 41            (3) ADPLAYER MODULE       (3) VISUAL CIRCUITS GENLOCK BOARD
JASPER, TN                 (3) VISUAL CIRCUITS 4REELTIME PRO

CRESCENTWOOD CIRCLE        (2) ADPLAYER MODULE       (2) VISUAL CIRCUITS GENLOCK BOARDS
DECATUR, TN                (2) VISUAL CIRCUITS 4REELTIME PRO

115 CHERRY STREET          (2) ADPLAYER MODULE       (2) VISUAL CIRCUITS GENLOCK BOARDS
DUNLAP, TN                 (2) VISUAL CIRCUITS 4REELTIME PRO

203 CUMBERLAND             (1) ADPLAYER MODULE       (1) VISUAL CIRCUITS GENLOCK BOARDS
PIKEVILLE, TN              (1) VISUAL CIRCUITS 4REELTIME PRO

5959 SHALLOWFORD RD., STE. 4093     (16) VISUAL CIRCUITS GENLOCK BOARDS
CHATTANOOGA, TN                     (7) VISUAL CIRCUITS 4REELTIME PRO  (16) ADPLAYER MODULE

617 GAULT AVE N.           (2) ADPLAYER MODULE       (2) VISUAL CIRUITS GENLOCK BOARDS
FT. PAYNE, AL              (2) VISUAL CIRCUITS 4REELTIME PRO

3955 COUNTY ROAD #47       (2) ADPLAYER MODULE       (2) VISUAL CIRCUITS GENLOCK BOARDS
RAINSVILLE, AL             (2) VISUAL CIRCUITS 4REELTIME PRO
</TABLE>

And any duplicate parts, extras, mechanisms and devises related thereto or used
in connection therewith, now attached to or delivered with the designated
equipment of that may at any time hereafter be obtained from the Lessor or be
added thereto by or with the consent of the Lessor.

This schedule is hereby verified correct and undersigned Lessee acknowledges
receipt of a copy.

NATIONWIDE FUNDING, LLC
------------------------------------
Lessor

By: /s/
    --------------------------------
    Signature

    --------------------------------
    Print name and title

AVALON-BORDEN COMPANIES, INC. & AVALON MEDIA GROUP, INC. JOINTLY AND SEVERALY
--------------------------------------------------------------------------------
Lessee Name

By: /s/ JAMES BOHANNON         JAMES BOHANNON                     CHAIRMAN
    ----------------------------------------------------------------------------
    Signature                  Name                               Title

By: /s/ JAMES BOHANNON         JAMES BOHANNON                     CHAIRMAN
    ----------------------------------------------------------------------------
    Signature                  Name                               Title

<PAGE>

                              IDENTIFICATION FORM

      AVALON-BORDEN COMPANIES, INC. & AVALON MEDIA GROUP, INC., JOINTLY AND
      ---------------------------------------------------------------------
                                    SEVERLY
                                    -------
                                  Lessee name

LESSEE'S FEDERAL ID#   63-0967802
                    ---------------------------------
                    For Avalon-Borden Companies, Inc.

LESSEE'S FEDERAL ID#   62-1744845
                    ---------------------------------
                    For Avalon Media Group, Inc.

LESSEE'S DRIVER'S LICENSE: (PLEASE COPY BELOW):

         (PLEASE ATTACH A LEGIBLE COPY OF YOUR LICENSE WITH SIGNATURE)

<PAGE>

MISCELLANEOUS PROPERTY COVERAGE CONTRAC

LESSEE: AVALON-BORDEN COMPANINES, INC. & AVALON MEDIA GROUP, INC. J/S
ADDRESS: 5959 Shallowford Road  Suite 4093
CITY:  Cahttanooga, STATE: TN  ZIP: 37421
PHONE: 423-485-5554                      FAX:

NAME:      JAMES BOHANNON                TITLE:  CHAIRMAN

SIGNATURE /s/ JAMES BOHANNON            /s/ JAMES BOHANNON           DATE 10/18
          ----------------------------------------------------------     -------
          (Signature and Date Required Regardless of Option Selected)

The above named lessee has entered into a lease agreement and has agreed to be
responsible for insuring the leased equipment with NATIONWIDE FUNDING LLC
(LESSOR) AND ITS ASSIGNEES as LOSS PAYEE AND ADDITIONAL INSURED.

================================================================================
Equipment Lessors Protection Association, Inc. will provide Master Policy
Property Coverage on the leased equipment for the full term of the lease. The
Master Policy Property Coverage includes fire, lighting, explosion, windstorm,
hail, smoke, riot, strike, vandalism, theft, flood, earth movement, or accident
in the vehicle while carrying the covered property, goods in transit cargo
coverage, extended coverage, and malicious mischief for the full replacement
value of the equipment. Should you wish to purchase Master Policy Property
Coverage provided by Equipment Lessors Protection Association, Inc. Please remit
a separate check in the amount stated below PAYABLE TO E.L.P.A.
================================================================================

DEDUCTIBLE: All Risk $500.00 deductible - EXCEPT Earthquake and Flood, $10,000
per occurrence. (Earthquake Coverage EXCLUDED for the State of California) and
Personal Computers $2,500.00 Per Occurrence
EQUIPMENT:  See Schedule `A' VALUE:  $191746.00

[X] PHYSICAL DAMAGE: Insurance is to be provided for fire, lighting, explosion,
windstorm, hail, smoke, riot, strike, vandalism, theft, flood, earth movement,
or accident in the vehicle while carrying the covered property, goods in transit
cargo coverage, extended coverage and malicious mischief for the full value of
the equipment with NATIONWIDE FUNDING LLC (LESSOR) and it's assigns named as
Loss Payee.

[X] LIABILITY: Coverage should be written within minimum limits of $1,000,000
BODILY INJURY. NATIONWIDE FUNDING LLC (LESSOR) and its assigns, at 300 W Adams
Ste 510 Chicago, IL 60606 is to be named as ADDITIONAL INSURED

--------------------------------------------------------------------------------
NO, I do not want your Master Policy Coverage . I will use my own insurance
company and I WILL PROVIDE THE SAME COVERAGE AS LISTED ABOVE.

YOUR INSURANCE MUST BE IN PLACE BEFORE THIS LEASE COMMENCES
YOUR INSURANCE COMPANY INFORMATION

NAME:_________________________________________
ADDRESS:______________________________________
CITY________________STATE:________ZIP_________
PHONE:_________________FAX:___________________
--------------------------------------------------------------------------------

<PAGE>

                                PURCHASE OPTION

NATIONWIDE FUNDING, LLC, the Lessor named in a certain Equipment Lease date
________________, 1999, with a monthly payment of $4,659.24, does hereby grant
to AVALON-BORDEN COMPANIES, INC. at AVALON MEDIA GROUP JOINTLY AND SEVERALY the
Lessee named in said Lease, the option to purchase the equipment leased thereby,
as a whole and not in part, and on an as-is where-is basis, at the end of the
original or any renewal term of said Lease, provided that Lessee is not then in
default under said Lease or any other agreement with lessor. This option may be
exercised by Lessee only upon giving not less that thirty (30) nor more than
sixty (60) days prior written notice to Lessor, and accompanied by the purchase
option price of $1.00

NATIONWIDE FUNDING, LLC
Lessor

By: /s/
    -------------------------------
        Signature

-----------------------------------
Print name and title

-----------------------------------
Date

AVALON-BORDEN COMPANIES, INC. & AVALON MEDIA GROUP JOINTLY & SEVERALY
Lessee Name

By: /s/ JAMES BOHANNON         JAMES BOHANNON                     CHAIRMAN
    ----------------------------------------------------------------------------
    Signature                  Print Name                         Title

By: /s/ JAMES BOHANNON         JAMES BOHANNON                     CHAIRMAN
    ----------------------------------------------------------------------------
    Signature                  Print Name                         Title

    10/18/99
------------------
Date

<PAGE>

                                  ADDENDUM "A"

MASTER LEASE AGREEMENT NO:
LEASE SCHEDULE NO:

Reference is made to the above-referenced Master Lease Agreement ("Lease") dated
the 10th day of September, 1999 by and between Avalon-Borden Companies Inc. &
Avalon Media Group. Inc. Jointly & Severally as Lessee, and NATIONWIDE

Notwithstanding the terms a [Illegible] and to the limited extent hereof, the
parties hereto agree as follows:

There shall be an additional [Illegible] schedule A" as follows:

Address:   5959  Shallowford Rd. Suite 4093
           Chattanooga, TN 37421
------------------------------------------
   2        4 Reel Time Pro S-Video 4 Ch
   2        Genlockquad s/A/V Switch Rev D

Address:   7133 HWY 41, JASPER, TN
------------------------------------------
   2        4 Reel Time Pro S-Vide0 4 Ch
   2        Genlockquad s/ A/V Switch Rev D

Address:   7133 HWY 41, JASPER, TN
------------------------------------------
   1        4 Reel Time Pro S-Vide0 4 Ch
   1        Genlockquad s/ A/V Switch Rev D

In all other respects, the terms and conditions of the Lease, as originally set
forth, shall remain in full force and effect.

IN WITNESS WHEREOF, the parties hereto, by their authorized signatories, have
executed this Addendum "A" at the date set forth below their respective
signature.

LESSEE:                                         LESSOR:
Avalon-Borden Companies, Inc. & Avalon Media
Group, Inc. Jointly & Severally                 Nationwide Funding, LLC
5959 Shallowford Road. 44093                    300 W. Adams, Suite 510
Chattanooga, TN 37421                           Chicago, IL 60606

BY: /s/ JAMES BOHANNON                      BY:
    ----------------------------                ------------------------------
NAME: James Bohannon                        NAME:
                                                  ----------------------------
TITLE: Chairman                             TITLE:  President

DATE: 9/10/99                               DATE: 9/13/99

BY: /s/ JAMES BOHANNON
    ----------------------------
NAME:  James Bohannon

TITLE: Chairman

DATE: 9/10/99

<PAGE>

                              CORPORATE RESOLUTION

STATE OF Alabama, COUNTY OF _______________________

         I, Sarah C. Wallace, being first duly sworn do state that I am the duly
elected, qualified and acting Secretary of Avalon-Borden Companies, Inc. a
Delaware corporation and that the following resolution was approved by the Board
of Directors of said corporation on October 18, 1999 at a duly convened meeting
of said Board, at which time a quorum was present and that the said resolution
has not been amended nor repealed:

         WHEREAS, James Bohannon, Chairman, an officer of this corporation has
negotiated with Nationwide Funding, LLC for a non-cancelable lease of certain
property to wit: (description of equipment)

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

--------------------------------------------------------------------------------
SEE SCHEDULE "A", ATTACHED HERETO AND MADE A PART OF
--------------------------------------------------------------------------------

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

the terms of said non-cancelable lease are as follows: 60 payments of $4,659.24,
beginning__________________, and,

WHEREAS, the Board of Directors has examined all the terms of said
non-cancelable lease.

NOW THEREFORE BE IT RESOLVED, that James Bohannon is/are directed, empowered and
authorized to sign on behalf of this corporation one certain non-cancelable
lease, (a copy of which is attached to this resolution and by this reference
incorporated herein), said lease obligating the corporation to pay, among other
obligations ________lease payments each commencing on _____________,__________.
Dated this 18th day of October, 1999.

                                        /s/ SARAH C. WALLACE
                                        ----------------------------
                                        Secretary

<PAGE>

                              CORPORATE RESOLUTION

STATE OF Tennessee, COUNTY OF _______________________

         I, Maurice C. Mitchell, being first duly sworn do state that I am the
duly elected, qualified and acting Secretary of Avalon Media Group, Inc. a
Tennessee corporation and that the following resolution was approved by the
Board of Directors of said corporation on October 18, 1999 at a duly convened
meeting of said Board, at which time a quorum was present and that the said
resolution has not been amended nor repealed:

         WHEREAS, James Bohannon, Chairman, an officer of this corporation has
negotiated with Nationwide Funding, LLC for a non-cancelable lease of certain
property to wit: (description of equipment)

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

--------------------------------------------------------------------------------
SEE SCHEDULE "A", ATTACHED HERETO AND MADE A PART OF
--------------------------------------------------------------------------------

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

the terms of said non-cancelable lease are as follows: 60 payments of $4,659.24,
beginning__________________, and,

WHEREAS, the Board of Directors has examined all the terms of said
non-cancelable lease.

NOW THEREFORE BE IT RESOLVED, that James Bohannon is/are directed, empowered and
authorized to sign on behalf of this corporation one certain non-cancelable
lease, (a copy of which is attached to this resolution and by this reference
incorporated herein), said lease obligating the corporation to pay, among other
obligations ________lease payments each commencing on _____________,__________.
Dated this 18th day of October, 1999.

                                        /s/ MAURICE C. MITCHELL
                                        ------------------------------
                                        Secretary

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00014-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00014-of-00352.parquet"}]]