Document:

CERTIFICATE                                                             --------
  NO. ____                                                               SHARES

                          OCWEN ASSET INVESTMENT CORP.

                                  COMMON STOCK
                                ($.01 Par Value)

         THIS CERTIFIES that _________________________ is the registered owner
of _______________ shares of the Common Stock, par value $.01 per share, of
Ocwen Asset Investment Corp. transferable only on the books of the Corporation
by the holder hereof in person or by attorney-in-fact upon surrender of this
Certificate properly endorsed.

         IN WITNESS WHEREOF, the said Corporation has caused this Certificate to
be signed by its duly authorized officers and to be sealed with the Seal of the
Corporation this ____ day of _________,__________.

____________________________         [SEAL]        _____________________________
        President                                           Secretary

<PAGE>

The securities represented by this Certificate have not been registered under
the Securities Act of 1933, as amended, or the securities laws of any state
(collectively the "Acts"). As a result, these securities may not be transferred
except pursuant to either registration under the Acts or an exemption therefrom.

         For Value Received, ___________ hereby sell, assign and transfer unto
________________________________________________________________________ Shares
of the Capital Stock represented by the within Certificate, and do hereby
irrevocably constitute and appoint ___________________________________ to
transfer the said Stock on the books of the within named Corporation with full
power of substitution in the premises.

         Dated __________________, 19____

                                      __________________________________________

         In presence of

____________________________________________SECOND EXTENSION OF TERM AGREEMENT

         This Second Extension of Term Agreement is made as of November 19, 1999
by and between OCWEN ASSET INVESTMENT CORP., a Florida corporation (the
"Company"), and OCWEN CAPITAL CORPORATION, a Florida corporation (the
"Manager"), with respect to the First Amended and Restated Management Agreement,
dated as of May 19, 1997, and amended and restated as of May 5, 1998, and
extended as of May 19, 1999 (the "Management Agreement"), between the Company
and the Manager.

                                   WITNESSETH:

                  WHEREAS, the Company and the Manager are parties to the
Management Agreement;

                  WHEREAS, Section 13 of the Management Agreement provides that
the Management Agreement shall continue in force until November 19, 1999;

                  WHEREAS, the parties desire to extend the term of the
Management Agreement indefinitely; and

                  WHEREAS, the Board of Directors of the Company approved the
indefinite extension of the term of the Management Agreement.

                  NOW THEREFORE, in consideration of the premises, the parties
hereto agree as follows:

                  SECTION 1. EXTENSION OF TERM. The first two paragraphs of
Section 13 of the Management Agreement are hereby deleted in their entirety and
replaced by the following:

                  This Agreement shall continue in force until terminated by the
                  Manager or by the Company as described below or elsewhere in
                  this Agreement.

                  Notwithstanding any other provision to the contrary, this
                  Agreement may be terminated by the Manager, upon 60 days'
                  written notice, on any anniversary of this Second Extension of
                  Term Agreement.

                  SECTION 2. EFFECT OF EXTENSION. Except as expressly set forth
herein, this Second Extension of Term Agreement shall not by implication alter,
modify, amend or in any way affect any of the other terms, conditions,

<PAGE>

obligations, covenants or agreements contained in the Management Agreement, all
of which shall continue in full force and effect.

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

                          OCWEN ASSET INVESTMENT CORP.

                          By: /s/ CHRISTINE A. REICH
                             ---------------------------------------------------
                                  Christine A. Reich
                                  President

                          OCWEN CAPITAL CORPORATION

                          By: /s/ JOHN R. ERBEY
                             ---------------------------------------------------
                                  John R. Erbey
                                  Senior Managing Director

                                       2EXHIBIT 10.25

                                ELXSI Corporation
                              3600 Rio Vista Avenue
                                     Suite A
                             Orlando, Florida 32805

                                              As of December 30, 1999
ELX Limited Partnership
3600 Rio Vista Avenue
Suite A
Orlando, Florida  32805

                 $909,150 PROMISSORY NOTE DUE DECEMBER 30, 1999

Dear Sirs:

         Reference is made to that certain $909,150 Promissory Note, dated
December 30, 1996 (the "ELX->ELXSI Corp. Note"), of ELX Limited Partnership, a
Delaware limited partnership ("ELX"), payable to the undersigned ELXSI
Corporation, a Delaware corporation ("ELXSI Corp."). The ELX->ELXSI Corp. Note
matures today, and the accrued and unpaid interest thereunder amounts to
$241,809.09 ("Unpaid Interest").

         1. CAPITALIZATION OF INTEREST. ELX hereby: (A) acknowledges and agrees
that, effective from and after this day,

<PAGE>

the Unpaid Interest is added to the principal of the ELX->ELXSI Corp. Note and,
consequently (without limitation), shall bear interest as provided thereunder,
and (B) ratifies and confirms its principal indebtedness to ELXSI Corp. under
the ELX->ELXSI Corp. Note in the aggregate amount of $1,150,959.09.

         2. EXTENSION. ELXSI Corp. hereby agrees that the "Maturity Date" under
(and as defined in) the ELX->ELXSI Corp. Note is hereby extended by
approximately three years, to December 31, 2002.

         3. FURTHER ASSURANCES. The foregoing provisions shall for all purposes
be effective as an amendment of the ELX->ELXSI Corp. Note. Accordingly, in the
event that ELXSI Corp. wishes to assign or otherwise transfer the ELX->ELXSI
Corp. Note to any third party, ELXSI Corp. shall advise such third party of such
amendments, and/or take such other reasonable actions, as may be reasonably
necessary, in order to render such amendment binding and effective on such third
party. In addition, from time to time after the date hereof, as and when
requested by either party hereto, the other party hereto shall execute and
deliver, or cause to be executed and delivered, such documents and instruments
and shall take, or cause to be taken, such further or other actions as such
requesting party may reasonably deem necessary or desirable in order to further
effect or evidence the transactions contemplated hereby or to otherwise carry
out the intent and purposes of this agreement.

         4. GOVERNING LAW. This agreement shall be interpreted, construed and
enforced in accordance with the laws of the State of New York.

         Kindly indicate your acceptance of and agreement with the foregoing by
executing a counterpart of this letter in the space provided below, whereupon it
shall become a binding agreement between us.

                               Very truly yours,

                               ELXSI CORPORATION

                               By: _________________________
                                    David M. Doolittle
                                    Vice President & Chief
Financial Officer

ACCEPTED AND AGREED TO, as of the date first above written:

ELX LIMITED PARTNERSHIP

By:________________________
     Alexander M. Milley
     Sole General PartnerEXHIBIT 10.39

         THIS EMPLOYMENT AGREEMENT (as the same may be modified, amended,
supplemented and/or restated from time to time, this "AGREEMENT"), dated as of
June 30, 1997, is made and entered into by and between ELXSI, a California
corporation (the "COMPANY"), and David M. Doolittle (the "EXECUTIVE").

                                   BACKGROUND

         The Executive has been providing services to the Company (or an
Affiliated

<PAGE>

Company, as hereinafter defined) or been an employee thereof continuously since
1991, and during such time the Executive has skillfully and diligently performed
his duties and responsibilities with respect to the Company and Affiliated
Companies. The Company now wishes to be assured (by this Agreement) of the
continued, long-term employment of the Executive by the Company, and the
Executive is willing to assure the same (by this Agreement), on the terms and
conditions set forth below in this Agreement.

         NOW, THEREFORE, in consideration of the mutual benefits to be derived
and the covenants and agreements herein contained, and intending to be legally
bound hereby, the parties hereto hereby agree as follows:

         1. EMPLOYMENT AND DUTIES. (A) Subject to the terms hereof, the Company
hereby employs the Executive: (i) with the titles of (in addition to such other
titles as the Company and Executive may from time to time mutually agree): Vice
President of the Company; Assistant Secretary of the Company's parent
corporation, ELXSI Corporation, a Delaware corporation ("PARENT"); and Vice
President and Controller of the Company's Cues Division ("CUES"); (ii) to
perform such duties and responsibilities with respect to the Company and with
respect to Parent, Cues and/or other subsidiaries or divisions of the Company
and/or Parent ("AFFILIATED COMPANIES") as are set forth in Annex 1 attached
hereto and made part hereof (and/or such other duties and responsibilities,
consistent with the duties set forth on Annex 1, as the Company or its Board of
Directors or President shall reasonably direct) (the "ASSIGNED DUTIES"); and
(iii) in such other capacities with, and to perform such other duties and
responsibilities for, the Company and Affiliated Companies as the Company or its
Board of Directors or President shall reasonably direct.

         (B) The Executive hereby: (i) accepts such employment; (ii) undertakes
the responsibilities of such offices; (iii) agrees to perform the Assigned
Duties; and (iv) agrees to devote substantially his entire professional time,
attention and energies (reasonable vacation, periods of illness and the like
excepted) to the performance of the Assigned Duties to the best of his ability.
Nothing set forth herein shall be deemed to prohibit the Executive from
attending to his investments, personal affairs and other business ventures,
provided that the devotion of attention to such matters will not unreasonably
interfere with the Executive's obligations hereunder nor constitute a violation
of Section 8 or 9 hereof.

         (C) In performing his duties hereunder, the Executive shall work at the
offices of the Company, Parent or Cues located in the Orlando, Florida
metropolitan area, or such other location(s) as the Company or its Board of
Directors or President shall reasonably direct. However, the Executive shall
also render services at such other place or places within or without the United
States as the Board of Directors may direct from time to time; provided that the
Executive shall not be required to render services away from the Orlando,
Florida metropolitan area for more than twenty business days in any given
twelve-month period.

         2. TERM. The term of this Agreement shall commence as of the date
hereof and shall continue in effect until June 30, 2005 (the "INITIAL TERM");
provided that this Agreement may be renewed and/or such term of this Agreement
may be extended, with the approval of the Board of Directors of Parent and with
the consent of the Executive, on such terms and conditions as the Company and
the Executive shall mutually agree. In this Agreement, the "Term" means the
Initial Term and, if this Agreement is so renewed and/or the term of this
Agreement so extended, the renewed or extended term.

         3. COMPENSATION. (A) During the Initial Term of this Agreement, the
Executive's compensation shall be as follows:

         (1) BASE SALARY. The Company shall pay (or shall cause one of more of
its Affiliated Companies to pay) the Executive a base salary ("BASE SALARY") at
a rate of: (i) $90,000 per annum, which amount shall be increased (cumulatively)
by five percent (5%) (the "ESCALATOR") on June 30, 1998 and each anniversary
date thereof. The Base Salary shall be paid in installments in accordance with
the Company's (or the paying Affiliated Company's) normal payment schedule for
senior executives, but no less frequently than monthly. All payments shall be
subject to the deduction of payroll taxes and similar assessments as required by
law.

         (2) OPTIONS, ETC. The Executive shall be entitled to participate in
such stock option, profit sharing and bonus plans as are made available to other
senior executives of the Company.

         (3) EXECUTIVE PLANS. The Executive (together with his spouse and minor
children) shall be covered, at the Company's or an Affiliated Company's expense,
by any and all of the Company's (or appropriate Affiliated Company's) group
health, dental, life insurance and disability plans ("INSURANCE PLANS") made
available to senior executives of the Company in the United States generally.

         (B) OTHER OR ADDITIONAL COMPENSATION. Nothing in this Agreement shall
limit or restrict the right or ability of the Company (acting with the
authorization of the Board of Directors of Parent or the Compensation Committee
thereof) to grant or award other or additional compensation to the Executive in

<PAGE>

whatever form (including, without limitation, increased Base Salary, an
increased Escalator, or other cash compensation (bonus, severance or otherwise)
and fringe benefits) at any time or to limit or restrict the right or ability of
the Company to prospectively or conditionally grant or award any such other or
additional compensation.

         4. COMPANY CAR. The Executive shall have the use of a suitable
executive company car.

         5. VACATION. The Executive shall be entitled to take four weeks of paid
vacation during each year of this Agreement. Accrued but unused vacation shall
be carried over only in accordance with the Company's standard policies.

         6. EXPENSE REIMBURSEMENT. In addition to the compensation and benefits
provided in Sections 3, 4 and 5 hereof, the Company or an Affiliated Company
shall, upon receipt of appropriate documentation, reimburse the Executive for
his reasonable travel, lodging, entertainment, professional promotion and other
appropriate business expenses incurred in the course of his duties on behalf of
the Company or any Affiliated Company. The Executive shall be eligible for a
company credit card and advancements of business expenses to the same extent as
other senior executives of the Company.

         7. TERMINATION OF EMPLOYMENT. (A) LUMP-SUM PAYMENT. If the Executive's
employment hereunder is terminated at any time for any reason (including by
reason of a failure to renew or extend this Agreement prior to the expiration of
the Initial Term), then prior to (and as a condition to) such termination, the
Company shall pay (or cause to be paid) to the Executive a lump-sum cash payment
equal to: (i) the amount of Base Salary (as the same may previously have been
increased or may then be scheduled to increase as required or permitted under
Section 3(A)(1) or 3(B), or in connection with any prior renewal or extension of
this Agreement) that would have been (but for such termination) paid over the
one-year period commencing with the effective date of such termination, plus
(ii) if such termination is to take effect prior to the expiration of the
Initial Term, the amount of Base Salary (as the same may previously have been
increased or may then be scheduled to increase as required or permitted under
Section 3(A)(1) or 3(B)) that would have been (but for such termination) paid
over the remaining Initial Term, less (iii) a present value discount calculated
at an annual rate of six percent (6%) and taking into account the timing of the
Base Salary payments that would have been made to the Executive during the
remaining Term (and, in the case of the foregoing clause (i), during the
one-year period commencing with the effective date of the termination) assuming
(for this purpose) that the Executive's employment hereunder had not been
terminated. Any such payment shall be subject to the deduction of payroll taxes
and similar assessments as required by law.

         (B) EXECUTIVE PLANS. If the Executive's employment hereunder is
terminated at any time for any reason (including by reason of a failure to renew
or extend this Agreement prior to the expiration of the Initial Term), then the
Executive (if he be alive) and his spouse and minor children shall continue, for
the period of time from and after the effective date of such termination until
the date specified hereinbelow, to be covered, at the Company's or an Affiliated
Company's expense, by any and all of the Company's (or appropriate Affiliated
Company's) Insurance Plans made available to senior executives of the Company in
the United States generally. Such period of time shall end: (i) in the case of a
termination on or after the expiration of the Initial Term, on the earlier to
occur of (x) the first anniversary of such termination and (y) the date that the
Executive shall have obtained other employment with Insurance Plan benefits
equivalent to (or in excess of) those provided for under this Agreement; and
(ii) in the case of a termination prior to the expiration of the Initial Term,
on the earlier to occur of (x) the June 30, 2006 and (y) the date that the
Executive shall have obtained other employment with Insurance Plan benefits
equivalent to (or in excess of) those provided for under this Agreement.

         8. COVENANT NOT TO COMPETE. (A) The Executive agrees that, during the
Term and for a period of one year thereafter, he will not, directly or
indirectly engage in, or be employed or retained by, give advice to, be a
proprietor, principal, agent, representative, officer, director, partner or
greater-than-10% shareholder of, or otherwise be associated with or render
assistance to, any business or enterprise that competes with any business or
enterprise being pursued by the Company or any Affiliated Company at the time of
determination (or, in the case of any such action by, or circumstance prevailing
with respect to, the Executive after the Term, at the time of the termination of
his employment hereunder); provided that the foregoing shall not have any force
or effect after the Term if the Executive's employment hereunder is terminated
by the Executive with good legal reason, by the Company without good legal cause
or due to the expiration of this Agreement (as the same may have previously been
extended or renewed).

         (B) Although the Executive acknowledges that the restrictions contained
in Section 8(A) are fair and reasonable under the circumstances, it is
recognized that restrictions of the nature contained in such Section

<PAGE>

may fail for technical reasons, and, accordingly, if any of such restrictions
shall be adjudged to be void or unenforceable for whatever reason, but would be
valid if part of the wording thereof were deleted, or the period thereof reduced
or the area dealt with thereby reduced in scope, the restrictions contained in
Section 8(A) shall apply, at the election of the Company, with such
modifications as may be necessary to make them valid, effective and enforceable
in the particular jurisdiction in which such restrictions are adjudged to be
void or unenforceable.

         9. CONFIDENTIALITY. Without the specific prior written consent of the
Company, the Executive shall not, directly or indirectly, at any time after the
date hereof (including after the termination of this Agreement and/or his
employment by the Company and any Affiliated Company), divulge to any person or
entity, or use for his own direct or indirect benefit, any non-public
information confidential and/or proprietary to the Company or any Affiliated
Company concerning their respective business, affairs, products, services,
assets, services, liabilities, revenues, condition (financial or otherwise),
prospects, customers or suppliers, including, without limitation, any data or
statistical information of or with respect to the Company or any Affiliated
Company, whether created or developed by the Company or any Affiliated Company
or on its or the Executive's behalf, or with respect to which the Executive may
have knowledge or access, it being the intent of the parties hereto to restrict
the Executive from disseminating or using any such information of or with
respect to the Company or any Affiliated Company which is at the time of such
use or dissemination unpublished and not readily available or generally known to
the public or in the Company's or any Affiliated Company's trade; provided that
nothing in this Section 9 shall prohibit such disclosure within the scope of the
Executive's employment or in the best interests of the Company or an Affiliated
Company.

         10. AMENDMENT AND WAIVERS. This Agreement may be amended, and
compliance with any of the terms and provisions hereof may be waived, only by a
written instrument signed by both parties hereto. No waiver of any term or
provision hereof shall constitute a waiver of any other term or provision
hereof, or constitute a waiver of the right to subsequently demand strict
compliance with all of the terms and provisions hereof.

         11. GOVERNING LAW. This Agreement shall be governed by and construed in
accordance with the laws of the State of Florida (other than the choice of law
principles thereof).

         12. ATTORNEYS' FEES. In the event that either party hereto finds it
necessary to bring an action at law or other proceedings against the other party
to enforce any of the terms or provisions hereof, the party prevailing in any
such action or other proceeding shall be paid by the other party its reasonable
attorneys' fees as well as court costs.

         13. SEVERABILITY. Should any term or provision hereof be deemed, for
any reason whatsoever, to be invalid or inoperative, that provision shall be
deemed severable and shall not affect the force and validity of all other terms
and provisions of this Agreement.

         14. SURVIVAL. All provisions which may reasonably be interpreted or
construed to survive the expiration or termination of this Agreement shall
survive the expiration or termination of this Agreement. Without limiting the
generality of the foregoing, Sections 7, 8 and 9 of this Agreement shall survive
the termination of this Agreement and the Executive's employment by the Company
and any Affiliated Company, in accordance with their respective terms.

         15. NOTICES. All notices, offers, acceptances, requests and other
communications under or in connection with this Agreement shall be in writing
and shall be deemed to have been given when personally delivered or sent by
facsimile transmission, one day after being sent by recognized overnight courier
or three days after being sent by United States mail, certified or registered
mail, with postage prepaid, to the other party at such party's address as (in
the case of the Executive) is set forth the Company's employment records and (in
the case of the Company) is the Executive's then place of employment; provided,
however, that either party may at any time specify a different address by
written notification to the other party.

         16. SUCCESSORS. This Agreement shall inure to the benefit of and be
binding upon and enforceable against the respective heirs, legal
representatives, successors, and permitted assigns of the parties hereto.

         17. ASSIGNMENT AND DELEGATION. Neither the Company nor the Executive
shall have the right to assign this Agreement or its rights hereunder or to
delegate its duties hereunder without the prior written consent of the other
party hereto; provided that the foregoing shall not prohibit or restrict the
Company from collaterally assigning this Agreement and its rights hereunder to
any bank or other financial institutions providing credit to the Company or any
Affiliated Company.

         18. REMEDIES.(A) The remedies of each of the parties hereunder shall
be cumulative and not exclusive. However, neither party shall be obligated to
the other for punitive or other forms of speculative or expectancy damages. In
addition to any and all such other remedies, the provisions of this Agreement
requiring the performance of an affirmative act by a party or requiring a party
to refrain from the performance of specific act shall be enforceable by
injunctive proceeding or by a suit for specific performance.

<PAGE>

         (B) Without limiting the generality of the foregoing Section 18(A), the
Executive acknowledges that any violation or threatened violation of Section 8
or 9 hereof will cause irreparable injury to the Company and that the remedy at
law for any such violation or threatened violation will be inadequate. The
Executive therefore agrees that the Company shall be entitled to temporary and
permanent injunctive relief for any such violation or threatened violation
without the necessity of proving (i) that the Company will be irreparably
injured thereby, (ii) that the remedy at law for such violation or threatened
violation is inadequate, or (iii) actual damages.

         19. DESCRIPTIVE HEADINGS; REFERENCES. The descriptive headings of this
Agreement are for convenience of reference only and shall not control or affect
the meaning or construction of any term or provision hereof. Section and
subsection references in this Agreement are to the referenced Sections and
subsections of this Agreement, unless the context otherwise requires.

         20. ENTIRE AGREEMENT. This Agreement contains the entire agreement
between the parties hereto with respect to the subject matter hereof, and
supersedes all prior agreements, arrangements and understandings with respect
thereto between the parties hereto, which arrangements or understandings are
merged herein.

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

THE COMPANY:                              THE EXECUTIVE:

ELXSI

By: ___________________________
    Name:                                 David M. Doolittle
    Title:

<PAGE>

                                     ANNEX 1
                                     -------
                            (to Employment Agreement)

                                 ASSIGNED DUTIES

o     Serve as Vice President of the Company; as Assistant Secretary of Parent;
      and as Vice President and Controller of Cues, reporting directly to the
      President of each, and serve all duties, responsibilities and functions
      incident to such offices.

o     Primary accounting responsibility for Parent, the Company and Cues.

o     Serve as a member of the Company's senior executive/management team,
      including formulation of corporate strategy, development of business
      plans, and creation of marketing, sales and distribution strategies.

o     Help identify and evaluate potential acquisition targets, and participate
      as a member the Company's acquisition team.

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