Document:

Exhibit 10.1

                       FIRST AMENDMENT TO CREDIT AGREEMENT

     THIS FIRST  AMENDMENT TO CREDIT  AGREEMENT  (this  "Amendment") is made and
entered  into  as of  this  20th  day  of  October,  2003  by  and  among  COMPX
INTERNATIONAL  INC.,  a Delaware  corporation  (the  "Borrower"),  the banks and
lending  institutions  party to the  Credit  Agreement  referred  to below  (the
"Lenders"),   and  WACHOVIA  BANK,  NATIONAL  ASSOCIATION,  a  national  banking
association,  in its  capacity  as  administrative  agent for the  Lenders  (the
"Administrative Agent").

     The  Lenders  have  extended  certain  credit  facilities  to the  Borrower
pursuant to the Credit  Agreement dated as of January 22, 2003, by and among the
Borrower,  the  Lenders  and the  Administrative  Agent (as  amended,  restated,
supplemented or otherwise modified from time to time, the "Credit Agreement").

     The parties now desire to amend the Credit  Agreement  (with such amendment
to be effective in accordance with Section 3 below) to exclude certain severance
charges  incurred  during the third quarter of 2003 from the calculation of EBIT
for purposes of Section 9.3 (Interest  Coverage  Ratio) subject to the terms and
conditions set forth below.

     NOW  THEREFORE,  for good  and  valuable  consideration,  the  receipt  and
adequacy of which is hereby acknowledged, the parties hereto agree as follows:

          1.  Capitalized  Terms.  All capitalized  undefined terms used in this
Amendment shall have the meanings assigned thereto in the Credit Agreement.

          2.  Amendment  to Credit  Agreement.  The Credit  Agreement  is hereby
amended by deleting  Section 9.3 (Interest  Coverage  Ratio) in its entirety and
replacing it with the following:

          SECTION 9.3  Interest  Coverage  Ratio.  As of any fiscal  quarter end
     during the periods set forth below, permit the ratio of

               (a) (i)  EBIT  for the  period  of four  (4)  consecutive  fiscal
          quarters  ending on or immediately  prior to such date, less (ii) with
          respect to the periods of four (4) consecutive  fiscal quarters ending
          on September 30, 2003,  December 31, 2003, March 31, 2004 and June 30,
          2004,  severance  charges,  in  an  aggregate  amount  not  to  exceed
          $4,000,000,  incurred  during the fiscal quarter ending  September 30,
          2003 and related to the Borrower's and its Subsidiaries' operations in
          the Netherlands, to

               (b)  Interest  Expense  for the  period  of four (4)  consecutive
          fiscal quarters ending on or immediately prior to such date,

to be less than the corresponding ratio set forth below:

Period                                                          Ratio
Closing Date through and including December 31, 2003            2.25 to 1.00
January 1, 2004 and thereafter                                  2.50 to 1.00

          3.  Effectiveness.   This  Amendment  shall  become  effective  as  of
September  30,  2003,  subject  to the  satisfaction  of each  of the  following
conditions (whether satisfied before or after September 30, 2003):

          (a) Amendment Documents.  The Administrative Agent shall have received
this Amendment executed by the Borrower,  each of the Subsidiary  Guarantors and
each of the Required Lenders.

          (b) Amendment Fee. The Administrative  Agent shall have received,  for
the account of each Lender which shall have executed this Amendment concurrently
with or prior to the  effectiveness  hereof,  an  amendment  fee in an aggregate
amount equal to 0.05% of the aggregate amount of each such Lender's Commitment.

          (c) Other Fees and Expenses.  The Administrative Agent shall have been
reimbursed for all fees and out of pocket charges and other expenses incurred in
connection with this Amendment  (including,  without  limitation,  the costs and
expenses  referred  to in Section 8 hereof,  and the Credit  Agreement)  and the
transactions contemplated thereby.

          (d) Other Documents.  The Administrative Agent shall have received any
other documents,  certificates or instruments  reasonably  requested  thereby in
connection with the execution of this Amendment.

          5. Effect of the Amendment.  Except as expressly  modified hereby, the
Credit  Agreement and the other Loan Documents shall be and remain in full force
and effect. This Amendment shall not be deemed (a) to be a waiver of, or consent
to, a  modification  or amendment  of, any other term or condition of the Credit
Agreement  or any other Loan  Document  or (b) to  prejudice  any other right or
rights which the Administrative Agent or the Lenders may now have or may have in
the future under or in  connection  with the Credit  Agreement or the other Loan
Documents or any of the  instruments or agreements  referred to therein,  as the
same may be amended or modified from time to time.

          6. Representations and Warranties/No Default.

          (a) By its execution  hereof,  the Borrower hereby  certifies that (i)
each of the representations and warranties set forth in the Credit Agreement and
the other Loan  Documents  is true and correct as of the date hereof as if fully
set forth herein unless such representations and warranties relate to a specific
date,  in which  case  such  representations  and  warranties  shall be true and
correct as of such  specific  date and (ii) no  Default or Event of Default  has
occurred and is continuing as of the date hereof.

          (b) By its execution hereof, the Borrower represents and warrants that
as of the date  hereof  there are no claims or offsets  against or  defenses  or
counterclaims  to any of the  obligations  of  the  Borrower  or any  Subsidiary
Guarantor under the Credit Agreement or any other Loan Document.

          (c) By its  execution  hereof,  the  Borrower  hereby  represents  and
warrants that the Borrower and each  Subsidiary  Guarantor has the right,  power
and  authority  and has  taken  all  necessary  corporate  and  other  action to
authorize the  execution,  delivery and  performance  of this Amendment and each
other  document  executed  in  connection  herewith  to  which  it is a party in
accordance with their respective  terms.  This Amendment and each other document
executed in connection herewith has been duly executed and delivered by the duly
authorized officers of the Borrower and each Subsidiary Guarantor, and each such
document constitutes the legal, valid and binding obligation of the Borrower and
each Subsidiary Guarantor, enforceable in accordance with its terms.

          7.  Acknowledgement  by  Subsidiary  Guarantors.  By  their  execution
hereof,  each of the Subsidiary  Guarantors hereby expressly (a) consents to the
modifications  and amendments set forth in this Amendment,  (b) reaffirms all of
its respective covenants, representations,  warranties and other obligations set
forth in the Subsidiary Guaranty Agreement and the other Loan Documents to which
it is a party and (c)  acknowledges,  represents  and agrees that its respective
covenants,  representations,  warranties and other  obligations set forth in the
Subsidiary  Guaranty  Agreement  and the other Loan  Documents  to which it is a
party remain in full force and effect.

          8.  Costs  and  Expenses.   The  Borrower  shall  pay  all  reasonable
out-of-pocket costs and expenses of the Administrative  Agent in connection with
the preparation,  execution and delivery of this Amendment,  including,  without
limitation,   the  reasonable  fees  and   disbursements   of  counsel  for  the
Administrative Agent.

          9. Governing Law. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES  HEREUNDER  SHALL BE GOVERNED BY,  CONSTRUED  AND ENFORCED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NORTH CAROLINA, WITHOUT REFERENCE TO THE CONFLICTS
OR CHOICE OF LAW PRINCIPLES THEREOF.

          10.   Counterparts.   This  Amendment  may  be  executed  in  separate
counterparts,  each of which when  executed and delivered is an original but all
of which taken together constitute one and the same instrument.

          11. Fax Transmission.  A facsimile,  telecopy or other reproduction of
this  Amendment may be executed by one or more parties  hereto,  and an executed
copy  of this  Amendment  may be  delivered  by one or more  parties  hereto  by
facsimile or similar  instantaneous  electronic  transmission device pursuant to
which  the  signature  of or on  behalf  of such  party  can be  seen,  and such
execution and delivery shall be considered valid,  binding and effective for all
purposes.  At the  request of any party  hereto,  all  parties  hereto  agree to
execute an  original of this  Amendment  as well as any  facsimile,  telecopy or
other reproduction hereof.

                            [Signatures Pages Follow]

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

                                    BORROWER:

                                    COMPX INTERNATIONAL INC., as Borrower

                                    By: /s/ Darryl R. Halbert
                                    Name:   Darryl R. Halbert
                                    Title:  Chief Financial Officer

                           [Signature Pages Continue]

                                    SUBSIDIARY GUARANTORS:

                                    COMPX SECURITY PRODUCTS, INC.

                                    By: /s/ Darryl R. Halbert
                                    Name:   Darryl R. Halbert
                                    Title:  Vice President - Finance

                                     THOMAS REGOUT USA, INC.

                                     By:  /s/ Darryl R. Halbert
                                     Name:    Darryl R. Halbert
                                     Title:   Treasurer

                           [Signature Pages Continue]
                               AGENTS AND LENDERS:

     WACHOVIA BANK, NATIONAL ASSOCIATION, as Administrative Agent and Lender

                                      By: /s/ Thomas F. Snider
                                      Name:   Thomas F. Snider
                                      Title:  Vice President

                             COMPASS BANK, as Lender

                                      By: /s/ Key Coker
                                      Name:   Key Coker
                                      Title:  Executive Vice President

                             COMERICA BANK, as Lender

                                       By:/s/Janet Wheeler
                                       Name: Janet Wheeler
                                       Title:Corporate Banking Officergullicksonseperationagmt

                            SURFNET MEDIA GROUP, INC.

                     SEPARATION AGREEMENT AND MUTUAL RELEASE

        This Separation Agreement and Mutual Release ("Agreement") is made by and
between SURFNETMEDIA GROUP, INC., a Delaware corporation (the "Company"), and
Daryl Gullickson ("Mr. Gullickson" or "Employee").

        Mr. Gullickson has been an employee and officer, and is a founder and
member of the Board of Directors of SurfNet Media Group, Inc., an Arizona
corporation (the "Merged Company"). The Merged Company merged into SurfNet Media
Group, Inc., an Arizona corporation and wholly owned subsidiary of the Company,
on May 23, 2003. The Company and Mr. Gullickson (the "Parties") have mutually
agreed to terminate their employment relationship, to release each other from
any claims arising from or related to this relationship and to enter into this
Agreement.

        In consideration of the mutual promises made herein and other valuable
consideration, receipt of which is hereby acknowledged, the Parties agree as
follows:

        1. Resignation and Termination of Employment. The Parties agree and
acknowledge that Mr. Gullickson resigned as Chief Executive Officer and
President of the Company and as an employee effective May 23, 2003 (sometimes
the "Resignation Date or the "Termination Date").

        2. Employee Benefits.

        (a) The Parties agree and acknowledge that Mr. Gullickson continued to
receive the Company's life, medical, dental and vision insurance benefits at
Company expense until May 31, 2003, which date is the "qualifying event" date
under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended
("COBRA"). After such date, Mr. Gullickson has the right to continue coverage,
at his own expense, under these programs pursuant to COBRA, provided he properly
elects such coverage. Except as otherwise set forth in this Section 2(a), Mr.
Gullickson shall not be entitled to participate in any of the Company's benefit
plans or programs offered to employees or officers of the Company after the
Termination Date.

        (b) The Company shall reimburse Mr. Gullickson for all reasonable business
expenses incurred by Mr. Gullickson up until the Termination Date in accordance
with Company policy.

        3. Stock Matters.

        (a) Common Stock. The Parties acknowledge and agree that Mr. Gullickson
purchased 678,00 shares (post-split) of the Merged Company on or about June 6,
1999, 500,000 shares (post-split) of the Merged Company on or about December 15,
2002, and 350,000 shares (post-split) of the Merged Company on or about April
16, 2003, for a total of 1,528,00 shares (post-split) (the "Common Shares").

        (b) General. Except for the Common Shares as set forth in this Section 3,
Mr. Gullickson acknowledges that he has no right, title or interest in or to any
other shares of the Company's capital stock under any agreement or arrangement
(oral or written) with the Company or any other party.

        4. Severance Payment. The Company shall remit to Mr. Gullickson a severance
payment in the amount of $10,000.00 not later than July 15, 2003. If the Company

                                       1

fails to make this payment, this Agreement shall be null and void and of no
further force or effect and Mr. Gullickson shall have full legal recourse
against the Company.

        5. Employee and Mutual Covenants.

        (a) Confidential Information. Mr. Gullickson hereby acknowledges that in
his employment capacity, he has been privy to certain proprietary information
(including information pertaining to proprietary software applications, business
operations, capital structure and financing sources and strategies) relating to
the Company's business (collectively, the "Protected Information"), from which
the Company derives economic value, actual or potential, from such information
not being generally known to, and not being readily ascertainable by proper
means by, other persons who can obtain economic value from its disclosure or
use, and which is the subject of efforts that are reasonable under the
circumstances to maintain its secrecy. In consideration for the benefits
conferred under this Agreement, Mr. Gullickson hereby acknowledges and agrees as
follows: (i) the Protected Information is confidential; (ii) the business and
prospects of the Company could be damaged if Mr. Gullickson discloses any of the
Protected Information to third parties; (iii) Mr. Gullickson will keep the
Protected Information confidential and will not disclose, divulge or provide the
Protected Information to any person without the Company's prior written consent
and/or use the Protected Information in a manner or for a purpose detrimental to
the business of the Company; (iv) Mr. Gullickson's obligations of
confidentiality with respect to Protected Information that constitute trade
secrets under the Uniform Trade Secrets Act (or other similar applicable law)
shall run for as long as such information remains a trade secret.; and (v) Mr.
Gullickson's obligations of confidentiality with respect to Protected
Information that is not covered under the Uniform Trade Secrets Act (or other
similar applicable law), shall run for three (3) years from the date hereof..
Mr. Gullickson agrees to execute any assignments to the Company or its nominee,
of Mr. Gullickson's entire right, title and interest in and to any discoveries
and improvements and to execute any other instruments and documents requisite or
desirable in applying for and obtaining patents or copyrights, at the expense of
the Company, with respect thereto in the United States and in all foreign
countries, that may be required by the Company. Mr. Gullickson further agrees to
cooperate to the extent and in the manner required by the Company, in the
prosecution or defense of any patent or copyright claims or any litigation, or
other proceeding involving any trade secrets, processes, discoveries or
improvements covered by this Agreement, but all necessary expenses thereof shall
be paid by the Company.

        (b) Noncompetition. Mr. Gullickson hereby acknowledges that all records,
files, memoranda, reports, customer lists, drawings, plans, documents and the
like that Mr. Gullickson has used, prepared or come into contact with during the
course of Mr. Gullickson's employment shall remain the sole property of the
Company, and shall be turned over to the Company. Mr. Gullickson also agrees
that through the end of the Noncompetition Period (as defined below), he will
advise any prospective employer or client that meets any of the following
criteria of the confidentiality restrictions set forth in this Agreement and
state in writing to such prospective employer or client that his employment or
provision of services will not violate these provisions, and will deliver a copy
of such statement to the Company. Such a statement shall be required for any
prospective employer or client that is (i) engaged in the internet new media
business. Mr. Gullickson agrees that he will not, at any time during the
Noncompetition Period, without the prior written consent of the Company directly
or indirectly employ, or solicit the employment of (whether as an employee,
officer, director, agent, consultant or independent contractor), any person who
was or is at any time during the previous twelve (12) months an employee,
representative, officer or director of the Company. During the Noncompetition

                                       2

Period, Mr. Gullickson shall not, without the prior written consent of the Chief
Executive Officer of the Company, engage in or become associated with a
Competitive Activity. For purposes of this Section: (i) the "Noncompetition
Period" means the period from the date of this Agreement through May 31, 2005;
(ii) a "Competitive Activity" means any business or other endeavor, in any county
of any state of the United States or a comparable jurisdiction in Canada or any
other country; and (iii) Mr. Gullickson shall be considered to have become
"associated with a Competitive Activity" if Mr. Gullickson becomes directly or
indirectly involved as an owner, principal, employee, officer, director,
independent, contractor, representative, stockholder, financial backer, agent,
partner, advisor, lender, or in any other individual or representative capacity
with any individual, partnership, corporation or other organization that is
engaged in a Competitive Activity. Notwithstanding the foregoing, Mr. Gullickson
may make and retain investments in less than 0.5% of the equity of any entity
engaged in a Competitive Activity, if such equity is listed on a national
securities exchange or regularly traded in an over-the-counter market. Mr.
Gullickson agrees to execute any assignments to the Company or its nominee, of
Mr. Gullickson's entire right, title and interest in and to any discoveries and
improvements and to execute any other instruments and documents requisite or
desirable in applying for and obtaining patents or copyrights, at the expense of
the Company, with respect thereto in the United States and in all foreign
countries, that may be required by the Company. Mr. Gullickson further agrees to
cooperate to the extent and in the manner required by the Company, in the
prosecution or defense of any patent or copyright claims or any litigation, or
other proceeding involving any trade secrets, processes, discoveries or
improvements covered by this Agreement, but all necessary expenses thereof
shall be paid by the Company. Gullickson acknowledges and agrees that: (i) the
purpose of the foregoing covenants, including without limitation the
noncompetition covenant of Section, is to protect the goodwill, trade secrets
and other Confidential Information of the Company; (ii) because of the nature of
the business in which the Company is engaged and because of the nature of the
Confidential Information to which Mr. Gullickson has access, it would be
impractical and excessively difficult to determine the actual damages of the
Company in the event Mr. Gullickson breached any of the covenants of this
Section; and (iii) remedies at law (such as monetary damages) for any breach of
Mr. Gullickson's obligations under this Section would be inadequate. Mr.
Gullickson therefore agrees and consents that if he commits any breach of a
covenant under this Section or threatens to commit any such breach, the Company
shall have the right (in addition to, and not in lieu of, any other right or
remedy that may be available to it) to temporary and permanent injunctive relief
from a court of competent jurisdiction, without posting any bond or other
security and without the necessity of proof of actual damage. With respect to
any provision of this Section finally determined by a court of competent
jurisdiction to be unenforceable, Mr. Gullickson and the Company hereby agree
that such court shall have jurisdiction to reform this Agreement or any
provision hereof so that it is enforceable to the maximum extent permitted by
law, and the parties agree to abide by such court's determination. If any of the
covenants of this Section are determined to be wholly or partially unenforceable
in any jurisdiction, such determination shall not be a bar to or in any way
diminish the Company's right to enforce any such covenant in any other
jurisdiction.

        (c) Confidentiality of Terms. The Parties agree, on their own behalf and on
behalf of their representatives, to keep the terms and amount of this Agreement
completely confidential and that they will not hereafter disclose any such
information concerning this Agreement to anyone, unless required or permitted to
do so by law. Mr. Gullickson may disclose the terms of this Agreement to his
spouse and his accountants, tax advisors or preparers, each of whom shall be
required to maintain the confidentiality of this Agreement. The Company may
disclose the terms of this Agreement to certain of its employees who need to
know, its board members, its accountants, lawyers, tax advisors or preparers, or
other advisors who need to know, each of whom shall be required to maintain the
confidentiality of this Agreement.

        (d) Nondisparagement. The Parties also agree that they will not, either
directly or indirectly, hereafter make any defamatory, negative or denigrating
comments of any type or nature whatsoever about each other (or the other Party's

                                       3

employees, officers, agents, consultants, affiliates, investors or business
partners) to anyone.

        6. Release of Claims. In consideration for the obligations of both parties
set forth in this Agreement and for other valuable consideration, Mr. Gullickson
and the Company, on behalf of themselves, and their respective heirs, executors,
officers, directors, employees, investors, stockholders, administrators and
assigns, hereby fully and forever release each other and their respective heirs,
executors, officers, directors, employees, investors, stockholders,
administrators, parent and subsidiary corporations, predecessor and successor
corporations and assigns, of and from any claim, duty, obligation or cause of
action relating to any matters of any kind, whether presently known or unknown,
suspected or unsuspected, that any of them may possess arising from any
omissions, acts or facts that have occurred up until and including the Effective
Date of this Agreement including, without limitation:

        (a) any and all claims relating to or arising from Mr. Gullickson's
employment relationship with the Company and the termination of that
relationship;

        (b) any and all claims relating to, or arising from, Mr. Gullickson's right
to purchase, or actual purchase of shares of stock of the Company;

        (c) any and all claims for wrongful discharge of employment; breach of
contract, both express and implied; breach of a covenant of good faith and fair
dealing, both express and implied, negligent or intentional infliction of
emotional distress; negligent or intentional misrepresentation; negligent or
intentional interference with contract or prospective economic advantage;
negligence; and defamation;

        (d) any and all claims for violation of any federal, state or municipal
statute, including, but not limited to the Civil Rights Act of 1866, as amended,
the Civil Rights Act of 1964, as amended, the California Fair Employment and
Housing Act, as amended, the federal and state family leave acts, the Age
Discrimination in Employment Act of 1967, the Older Workers' Benefit Protection
Act, the Americans with Disabilities Act of 1990, and the Civil Rights Act of
1991);

        (e) any and all claims arising out of any other laws and regulations
relating to employment or employment discrimination; and

        (f) any and all claims for attorneys' fees and costs.

        The Company and Mr. Gullickson agree that the release set forth in this
Section 6 shall be and remain in effect in all respects as a complete general
release as to the matters released. This release does not extend to any
obligations incurred or specified under this Agreement.

        7. Other Claims. The Parties represent that they are not aware of any claim
by either of them other than the claims that are released by this Agreement.

        8. Breach of Agreement. The Parties agree and acknowledge that upon breach
by either Party of this Agreement, the other Party would sustain irreparable
harm, and, therefore, they agree that in addition to any other remedies that
they may have under this Agreement or otherwise, each Party shall be entitled to
obtain equitable relief, including specific performance and injunctive relief,
restraining the other Party from committing or continuing any such breach or
directing such Party to perform its obligations pursuant to this Agreement.

                                       4

        9. Authority. The Company represents and warrants that the undersigned has
the authority to act on behalf of the Company and to bind the Company and all
who may claim through it to the terms and conditions of this Agreement. Mr.
Gullickson represents and warrants that he has the capacity to act on his own
behalf and on behalf of all who might claim through him to bind them to the
terms and conditions of this Agreement. Each Party warrants and represents that
there are no liens or claims of lien or assignments in law or equity or
otherwise of or against any of the claims or causes of action released herein.

        10. No Representations. Neither Party has relied upon any representations
or statements made by the other Party hereto which are not specifically set
forth in this Agreement.

        11. Severability. In the event that any provision hereof becomes or is
declared by a court or other tribunal of competent jurisdiction to be illegal,
unenforceable or void, this Agreement shall continue in full force and effect
without said provision.

        12. Arbitration. The Parties shall attempt to settle all disputes arising
in connection with this Agreement through good faith consultation. In the event
no agreement can be reached on such dispute within thirty (30) days after
notification in writing by either Party to the other concerning such dispute,
the dispute shall be settled by binding arbitration to be conducted in Phoenix,
Arizona before an arbitrator to be mutually agreed upon. If the Parties cannot
agree, they shall submit the matter to the presiding judge of Superior Court of
Arizona, County of Maricopa, who shall select an arbitrator based on input from
the Parties. The arbitration decision shall be final, conclusive and binding on
both Parties and any arbitration award or decision may be entered in any court
having jurisdiction. The Parties agree that the prevailing party in any
arbitration shall be entitled to injunctive relief in any court of competent
jurisdiction to enforce the arbitration award. The Parties further agree that
the prevailing Party in any such proceeding shall be awarded reasonable
attorneys' fees and costs. This Section 12 shall not apply to the
Confidentiality Agreement. The parties hereby waive any rights they may have to
trial by jury in regard to arbitrable claims.

        13. Entire Agreement. This Agreement, the exhibits hereto and the other
agreements referenced in this Agreement (as such other agreements are amended by
this Agreement), represent the entire agreement and understanding between the
Company and Mr. Gullickson concerning Mr. Gullickson's separation from the
Company, and supersede and replace any and all prior agreements and
understandings concerning Mr. Gullickson's employment relationship with the
Company, termination of that relationship, his compensation by the Company and
his ownership and interests in any capital stock of the Company.

        15. No Oral Modification. This Agreement may only be amended in writing
signed by Mr. Gullickson and the Company.

        16. Governing Law. This Agreement shall be governed by the laws of the
State of Arizona, without regard to its conflicts of law provisions.

        17. Effective Date. This Agreement is effective upon execution by both
Parties (the "Effective Date").

        18. Counterparts. This Agreement may be executed in counterparts, and each
counterpart shall have the same force and effect as an original and shall
constitute an effective, binding agreement on the part of each of the
undersigned.

                                       5

        19. Assignment. This Agreement may not be assigned by Mr. Gullickson or the
Company without the prior written consent of the other party. Notwithstanding
the foregoing, this Agreement may be assigned by the Company to a corporation
controlling, controlled by or under common control with the Company, including a
successor to the Company, without the consent of Mr. Gullickson.

        20. Voluntary Execution of Agreement. This Agreement is executed
voluntarily and without any duress or undue influence on the part or behalf of
the Parties hereto, with the full intent of releasing all claims. The Parties
acknowledge that:

        (a) they have read this Agreement;

        (b) they have been represented in the preparation, negotiation, and
execution of this Agreement by legal counsel of their own choice or that they
have voluntarily declined to seek such counse.

        (c) they understand the terms and consequences of this Agreement and of the
releases it contains; and

        (d) they are fully aware of the legal and binding effect of this Agreement.

        The Parties have executed this Separation Agreement and Mutual Release on
the respective dates set forth below.

                                             SURFNETMEDIA GROUP, INC.

                                             By: /s/ Robert D. Arkin
Dated as of May 23, 2003                     Name: Robert D. Arkin
                                             Title: Chief Executive Officer

                                             Daryl Gullickson, an individual

                                             /s/ Daryl Gullickson
Dated as of May 23, 2003                     Daryl Gullickson

                                       6

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