Document:

Exhibit 10.16

                              EMPLOYMENT AGREEMENT

            This Employment Agreement ( "Agreement") shall be effective as of
January 1, 2001, by and between DISCOVERY LABORATORIES, INC., a Delaware
corporation (the "Company"), and ROBERT J. CAPETOLA, PH.D. ("Executive").

            WHEREAS, the Company and Executive desire that Executive be employed
by the Company and that the terms and conditions of such employment be hereby
defined.

            NOW, THEREFORE, in consideration of the employment of Executive by
the Company, the Company and Executive hereby agree as follows:

            1. Terms of the Agreement. The Company shall employ Executive and
Executive shall accept employment for a period of four (4) years commencing on
January 1, 2001 (the "Commencement Date") and continuing until December 31,
2005, subject, however, to prior termination as hereinafter provided in Section
5 (such term is hereinafter referred to as the "Employment Period").

            2. Executive's Duties and Obligations.

                  a. Duties. Executive shall serve as the Company's President
and Chief Executive Officer. Executive shall be responsible for overall
management of the Company and all duties customarily associated with his title
including, without limitation, activities regarding (i) day-to-day operational
affairs; (ii) the development and commercialization of the Company's products;
(iii) proposed strategic alliances, joint ventures and other potential
collaborations; and (iv) all other appropriate functions for the Company. All of
the operating managers of the Company shall report to Executive. Executive shall
at all times report to, and shall be subject to the policies established by, the
Board of Directors of the Company (the "Board") and any executive committee
thereof (the "Executive Committee"). The Company agrees that, at all times
during the Employment Period, it will nominate Executive for election to the
Board. Executive hereby agrees to immediately resign from any Board position
held by him at the expiration or termination of the Employment Period.

                  b. Location of Employment. Executive's principal place of
business shall be at the Company's headquarters to be located within thirty (30)
miles of Doylestown, Pennsylvania; provided, that Executive acknowledges and
agrees that the performance by Executive of his duties shall require frequent
travel including, without limitation, overseas travel from time to time.

                  c. Proprietary Information and Inventions Agreement. Executive
shall execute the Company's standard form of Intellectual Property and
Confidential Information Agreement (the "Confidentiality Agreement") a copy of
which is attached to this Agreement as

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                                                                               2

Exhibit A. Executive shall comply at all times with the terms and conditions of
the Confidentiality Agreement and all other reasonable policies of the Company
governing its confidential and proprietary information.

            3. Devotion of Time to Company's Business

                  a. Full-Time Efforts. During his employment with the Company,
Executive shall devote substantially all of his time, attention and efforts to
the proper performance of his implicit and explicit duties and obligations
hereunder to the reasonable satisfaction of the Company.

                  b. No Other Employment. During his employment with the
Company, Executive shall not, except as otherwise provided herein, directly or
indirectly, render any services of a commercial or professional nature to any
other person or organization, whether for compensation or otherwise, without the
prior written consent of the Executive Committee or the Board.

                  c. Non-Competition During and After Employment. During the
Employment Period and for fifteen (15) months from the date of the termination
of Executive's employment hereunder (the "Termination Date"), Executive shall
not, directly or indirectly, without the prior written consent of the Company,
either as an employee, employer, consultant, agent, principal, partner,
stockholder, corporate officer, director, or in any other individual or
representative capacity (X) compete with the Company in the business of
developing or commercializing pulmonary surfactants, cystic fibrosis treatments
or any other category of compounds which forms the basis of the Company's
products or products under development, or (Y) solicit, encourage, induce or
endeavor to entice away from the Company, or otherwise interfere with the
relationship of the Company with, any person who is employed or engaged by the
Company as an employee, consultant or independent contractor or who was so
employed or engaged at any time during the preceding six (6) months; provided,
that nothing herein shall prevent Executive from engaging in discussions
regarding employment, or employing, any such employee, consultant or independent
contractor (i) if such person shall voluntarily initiate such discussions
without any such solicitation, encouragement, enticement or inducement prior
thereto on the part of Executive or (ii) if such discussions shall be held as a
result of or employment be the result of the response by any such person to a
written employment advertisement placed in a publication of general circulation,
general solicitation conducted by executive search firms, employment agencies or
other general employment services, not directed specifically at any such
employee, consultant or independent contractor.

                  d. In the event that Executive breaches any provisions of
Section 3(c) or of the Confidentiality Agreement or there is a threatened breach
thereof, then, in addition to any other rights which the Company may have, the
Company shall be entitled, without the posting of a bond or other security, to
injunctive relief to enforce the restrictions contained therein. In the event
that an actual proceeding is brought in equity to enforce the provisions of
Section 3(c) or the Confidentiality Agreement, Executive shall not urge as a
defense that there is

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                                                                               3

an adequate remedy at law nor shall the Company be prevented from seeking any
other remedies which may be available.

                  e. To the extent that the restrictions imposed by Section 3(c)
are interpreted by any court to be unreasonable in geographic and/or temporal
scope, such restrictions shall be deemed automatically reduced to the extent
necessary to coincide with the maximum geographic and/or temporal restrictions
deemed by such court not to be unreasonable.

            4. Compensation and Benefits.

                  a. Base Compensation. During the Employment Period, the
Company shall pay to Executive (i) base annual compensation ("Base Salary") of
Two Hundred Seventy Five Thousand ($275,000), payable in accordance with the
Company's regular payroll practices and less all required withholdings and (ii)
additional compensation, if any, and benefits as hereinafter set forth in this
Section 4. Base Salary shall be reviewed at least annually for the purposes of
determining increases, if any, based on Executive's performance, the performance
of the Company, inflation, the then prevailing salary scales for comparable
positions and other relevant factors; provided, however, that such Base Salary
shall be increased annually (effective as of January 1, 2001) during the
Employment Period by a minimum of 5% per year, and provided further, that any
increase in Base Salary in excess of such 5% increase shall be solely within the
discretion of the Company.

                  b. Bonuses. During the Employment Period, Executive shall:

                              (1) be entitled to a minimum year-end bonus equal
to 20% of Base Salary for such year and, further, shall be eligible for such
additional year-end bonus, which may be paid in either cash or equity, or both,
as is awarded solely at the discretion of the Compensation Committee of the
Board, provided, that the Company shall be under no obligation whatsoever to pay
such discretionary year-end bonus for any year;

                              (2) incentive bonus, which may be paid in either
cash or equity, or both, as is determined at the discretion of the Compensation
Committee of the Board and in the amounts contemplated by and as otherwise set
forth in the Management Agreement dated March __, 1998, upon the achievement of
each of the following milestones (which bonuses, if any, will be paid only once
for the attainment of each of the milestones): (i) the successful completion of
Phase II studies for any Portfolio Compound, (ii) the successful completion of
Phase III studies of any Portfolio Compound, and (iii) receipt of marketing
approval in the United States for any Portfolio Compound.

                  c. Benefits. During the Employment Period, Executive shall be
entitled to participate in all employee benefit plans, programs and arrangements
made available generally to the Company's senior executives or to its employees
on substantially the same basis that such benefits are provided to such
executives or employees (including, without limitation profit-sharing, savings
and other retirement plans (e.g., a 401(k) plan) or programs, medical, dental,
hospitalization, vision, short-term and long-term disability and life insurance
plans or

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                                                                               4

programs, accidental death and dismemberment protection, travel accident
insurance, and any other employee welfare benefit plans or programs that may be
sponsored by the Company from time to time, including any plans or programs that
supplement the above-listed types of plans or programs, whether funded or
unfounded); provided, however, that nothing in this Agreement shall be construed
to require the Company to establish or maintain any such plans, programs or
arrangements. Anything contained herein to the contrary notwithstanding,
throughout the Employment Period, Executive shall be entitled to receive (i)
term life insurance on behalf of Executive's named beneficiaries in the amount
of $2,000,000 and (ii) long-term disability insurance (subject to a combined
annual premium cap of $15,000 for the first year of the Employment Period, which
cap shall be increased by 5% for each successive full year of the Employment
Period), each at no cost to the Executive, except the Company shall have no
liability whatsoever for any taxes (whether based on income or otherwise)
imposed upon or incurred by Executive in connection with any such life or
disability insurance.

                  d. Vacations. During the Employment Period, Executive shall be
entitled to 20 days paid vacation per year, to be earned ratably throughout the
year, 5 days of which may be carried over from year to year (provided, that in
no event shall the aggregate number of such vacation days carried over to any
succeeding year exceed 10 days).

                  e. Reimbursement of Business Expenses. Executive is authorized
to incur reasonable expenses in carrying out his duties and responsibilities
under this Agreement and the Company shall reimburse him for all such expenses,
in accordance with reasonable policies of the Company.

                  f. Company Leased Automobile: In connection with Executive's
employment hereunder, Executive shall be entitled to the use of a suitable
automobile (to be determined in the good faith discretion of Executive) (the
"Company Car") which shall be leased on Executive's behalf by the Company or, in
the Company's sole discretion, the costs therefor shall be reimbursed to
Executive. The annual total costs incurred by the Company in connection with the
Company Car (including, without limitation, lease payments, insurance,
maintenance and repairs, any governmental and regulatory fees (but excluding any
amounts Executive may receive as reimbursement for gasoline, parking and tolls
incurred in connection with his service to the Company) shall not exceed
$10,000. Executive acknowledges and agrees that the Company Car shall be for
Executive's exclusive use primarily with respect to Company business. At
Executive's sole expense, Executive shall maintain a current United States
driving license and shall immediately inform the Company's Controller if such
license is revoked or suspended. Upon any such revocation or suspension,
Executive will immediately forfeit any and all entitlement to the Company Car.
Executive hereby agrees to at all times comply with the Company's written
policies regarding Company automobiles and shall have full responsibility for
any fines incurred for motoring offenses in respect of the Company Car whether
such fines are incurred in his personal use or in connection with Company
activities.

            5. Termination of Employment.

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                                                                               5

                  a. Termination for Good Cause. The Company may terminate
Executive's employment at any time for Good Cause, as such term is hereinafter
defined. For the purposes of this Agreement, "Good Cause" means Executive's
gross misconduct; Executive's gross neglect of duties; Executive's commission of
any act involving moral turpitude; Executive's material breach of this Agreement
or the Confidentiality Agreement; any act or omission of Executive involving
fraud or embezzlement against the Company; Executive's appropriation of any
property or proprietary information of the Company resulting, in either case, in
substantial harm to the Company; or Executive's conviction of a felony.
Executive shall have fifteen (15) days after receipt of written notice from the
Company to cure any conduct constituting Good Cause hereunder; provided,
however, that such fifteen (15) day period shall not apply if the Company
reasonably determines that such conduct is not capable of being cured. If
terminated for Good Cause in accordance with the provisions of this Section
5(a), Executive shall be entitled to any unpaid compensation accrued through the
last day of Executive's employment, a lump sum payment in respect of all accrued
but unused vacation days (provided, that in no event shall the aggregate number
of such accrued vacation days exceed 10 days) at his Base Salary in effect on
the date such vacation was earned, payment of any other amounts owing to
Executive but not yet paid and shall not be entitled to receive any other
compensation or benefits from the Company whatsoever (except as and to the
extent the continuation of certain benefits is required by law).

                  b. Termination without Good Cause. The Company may terminate
Executive's employment at any time without Good Cause. If (i) Executive's
employment is terminated by the Company without Good Cause or (ii) Executive
resigns for Good Reason (as hereinafter defined).

                              (1) Executive shall be entitled to the amounts set
forth in Section 5(a); and

                              (2) Executive shall be entitled to receive a
lump-sum severance payment equal to fifteen (15) months of his Base Salary in
effect on the date of his termination, payable within 10 business days of the
Termination Date and less all required withholdings.

                              (3) For purposes hereof, "Good Reason" shall mean
a resignation by Executive, upon at least 30 days prior written notice to the
Company, following the occurrence of any of the following events without
Executive's consent, unless the circumstances giving rise thereof have been
cured by the Company within such 30-day notice period: (X) an involuntary
reduction of 20% or greater in his then current Base Salary, (Y) a material
diminution in Executive's title or duties or the assignment to him of duties
that materially impair his ability to perform the duties normally assigned to a
president and chief executive officer of a corporation the size and nature of
the Company, or (Z) the failure of the Company, upon the request of the
Executive, to obtain the assumption in writing of its obligation to perform this
Agreement by any successor to all or substantially all of the assets of the
Company within 45 days after a merger, consolidation, sale or similar
transaction.

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                                                                               6

                  c. Death or Disability. This Agreement shall terminate if
Executive dies or is Disabled as herein defined. For the purposes of this
Agreement, "Disabled" shall mean a mental or physical condition that renders
Executive substantially incapable of performing his duties and obligations under
this Agreement, after taking into account provisions for reasonable
accommodation, as determined by a medical doctor (such doctor to be mutually
determined in good faith by the parties) for three (3) or more consecutive
months or for a total of six (6) months during any twelve (12) consecutive
months; provided, that during such period the Company shall give Executive at
least thirty (30) days' written notice that it considers the time period for
disability to be running. If this Agreement is terminated under this Section
5(c), Executive, his heirs, legal representatives or his estate shall be
entitled to any unpaid amounts set forth in Section 5(a) but shall not be
entitled to any severance benefits.

                  d. Termination by Executive. Executive shall give the Company
30 days prior notice before he voluntarily resigns his employment with the
Company. In the event of Executive's voluntary resignation (other than for Good
Reason), Executive shall be entitled to any unpaid amounts set forth in Section
5(a) but shall not be entitled to any severance benefits.

            e. Lock-up Period. Executive shall not directly or indirectly, sell,
offer, contract to sell, transfer the economic risk of ownership, make any short
sale, pledge or otherwise dispose of any shares of Common Stock issued or
issuable upon the exercise of options, or any securities convertible to or
exchangeable or exercisable for such options, granted to Executive for a
one-year lock up period following any termination of Executive's employment by
(i) the Company for Good Cause or (ii) Executive, to the extent any such
termination constitutes a breach of this Agreement.

            6. Miscellaneous.

                  a. Governing Law. This Agreement shall be interpreted,
construed, governed and enforced according to the laws of the Commonwealth of
Pennsylvania as applied to agreements among Pennsylvania residents entered into
and to be performed entirely within Pennsylvania without regard to the
application of choice of law rules.

                  b. Amendments. No amendment or modification of the terms or
conditions of this Agreement shall be valid unless in writing and signed by the
parties hereto.

                  c. Severability. If one or more provisions of this Agreement
are held to be invalid or unenforceable under applicable law, such provisions
shall be construed, if possible, so as to be enforceable under applicable law,
or such provisions shall be excluded from this Agreement and the balance of the
Agreement shall be interpreted as if such provision were so excluded and shall
be enforceable in accordance with its terms.

                  d. Successors and Assigns. The rights and obligations of the
Company under this Agreement shall inure to the benefit of and shall be binding
upon the successors and assigns of the Company. Executive shall not be entitled
to assign any of his rights or obligations under this Agreement.

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                                                                               7

                  e. Notices. All notices required or permitted under this
Agreement shall be in writing and shall be deemed effective upon personal
delivery, on the date of scheduled delivery by a nationally recognized overnight
service or two (2) days after deposit in the United States Post Office, by
registered or certified mail, postage prepaid, addressed to the other party at
the address shown below such party's signature, or at such other address or
addresses as either party shall designate to the other in accordance with this
Section 6(e).

                  f. Entire Agreement. This Agreement, including the exhibits
attached hereto, constitutes the entire agreement between the parties with
respect to the employment of Executive.

                  g. Survivorship. The rights and obligations of Executive and
the Company hereunder shall survive any termination of Executive's employment to
the extent necessary to the intended preservation of such rights and
obligations.

                  h. Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall constitute an original, but all of which, when
taken together, shall constitute one document.

            IN WITNESS THEREOF, the parties have executed this Agreement as of
the date set forth above.

                                    DISCOVERY LABORATORIES, INC.

                                    /s/ David L. Lopez
                                    --------------------------------------------
                                    By:   David L. Lopez, CPA, Esq.
                                    Its:  Vice President and General Counsel

                        Address:    350 South Main Street, Suite 307
                                    Doylestown, PA  18901

                                    EXECUTIVE,

                                    /s/ Robert J. Capetola, Ph.D.
                                    --------------------------------------------

                        Address:    6097 Hidden Valley Drive
                                    Doylestown, PA  18901255--LEASE FOR BUSINESS and        A D G R V  -2           Copyright (c) 1967 by
     COMMERCIAL USE ONLY                              ALL-STATE LEGAL SUPPLY CO.
     IND. OR CORP.                                          Cranford, N.J. 07016
    (Revised 7/90)
    (Not for Residential
     Use -- N.J.S.A. 56:12-1;
     46:8-48)

                  This Lease Agreement, made the 15 day of March, 2000

                     Between

Landlord                B & R HOLDING CO.
                  residing or located at 740 Highway 34 in the Township of Old
                  Bridge in the County of Middlesex and State of New Jersey,
                  herein designated as the Landlord,

                     And

Tenant                  IVOICE.com INC.
                  residing or located at 1230 Highway 34 in the Township of
                  Aberdeen in the County of Monmouth and State of New Jersey,
                  herein designated as the Tenant;

                        Witnesseth that, the Landlord does hereby lease to the
                  Tenant and the Tenant does hereby rent from the Landlord, the
                  following described premises:

Premises          750 Highway 34, Matawan, NJ 07747
                  1st floor office space (8,000 sq. ft. +/-)

Term              for a term of Two (2) years commencing on April 15th, 2000,
                  and ending on April 14th, 2000 to be used and occupied only
                  and for no other purpose than

Use               General office use

                     Upon the following Conditions and Covenants:

Payment                 1st: The Tenant covenants and agrees to pay to the
of Rent           Landlord, as rent for and during the term hereof, the sum of
                  $253,000.00 (23 months) in the following manner:
                  $11,000.00 per month, due on the 15th of each month.
                  Payment of rent shall comence one month after occupancy.

[ILLEGIBLE]             2nd: Except as set forth in the attached Landlord's work
and Care          letter, The Tenant has examined the premises and has entered
                  into this lease without any representation on the part of the
                  Landlord as to the condition thereof. The Tenant shall take
                  good care of the premises and shall at the Tenant's own cost
                  and expense, except for structural repairs & repairs to HVAC,
                  electrical & plumbing, make all repairs, including painting
                  and decorating, and shall maintain the premises in good
                  condition and state of repair, and at the end or other
                  expiration of the term hereof, shall deliver up the rented
                  premises in good order and condition, wear and tear from a
                  reasonable use thereof, and damage by the elements not
                  resulting from the neglect or fault of the Tenant, excepted.
                  The Tenant shall neither encumber nor obstruct the sidewalks,
                  driveways, yards, entrances, hallways and stairs.

Glass, etc.             3rd: In case of the destruction of or any damage to the
Damage            glass in the leased premises, or the destruction of or damage
Repairs           of any kind whatsoever to the said premises, caused by the
                  carelessness, negligence or improper conduct on the part of
                  the Tenant or the Tenant's agents, employees, guests,
                  licensees, invitees, subtenants, assignees or successors, the
                  Tenant shall repair the said damage or replace or restore any
                  destroyed parts of the premises, as speedily as possible, at
                  the Tenant's own cost and expense.

Alterations             4th: No alterations, additions or improvements shall be
[ILLEGIBLE]       made, and no climate resulting, air conditioning, cooling,
Improve-          heating or sprinkler systems, television, or radio antennas,
ments             heavy equipment, apparatus and fixtures, shall be installed in
                  or attached to the leased premises, without the written
                  consent of the Landlord. Unless otherwise provided herein, all
                  such alterations, additions or improvements and systems, when
                  made, installed in or attached to the said premises, shall
                  belong to and become the property of the Landlord and shall be
                  surrendered with the premises and as part thereof upon the
                  expiration or sooner termination of this lease, without
                  hindrance, molestation or injury.

Signs                   5th: The Tenant shall not place nor allow to be placed
                  any signs of any kind whatsoever, upon, in or about the said
                  premises or any part thereof, except of a design and structure
                  and in or at such places as may be indicated and consented to
                  by the Landlord in writing which shall not be unreasonably
                  withheld. In case the Landlord or the Landlord's agents,
                  employees or representatives shall deem it necessary to remove
                  any such signs in order to paint or make any repairs,
                  alterations or improvements in or upon said premises or any
                  part thereof, they may be so removed, but shall be replaced at
                  the Landlord's expense when the said repairs, alterations or
                  improvements shall have been completed. Any signs permitted by
                  the Landlord shall at all times conform with all municipal
                  ordinances or other laws and regulations applicable thereto.

[ILLEGIBLE]             6th: The Tenant shall pay when due all the rents or
                  charges for water or other utilities used by the Tenant, which
                  are or may be assessed or imposed upon the leased premises or
                  which are or may be charged to the Landlord by the suppliers
                  thereof during the term hereof, and if not paid, such rents or
                  charges shall be added to and become payable as additional
                  rent with the installment of rent next due or within 30 days
                  of demand therefor, whichever occurs sooner.

Compliance              7th: The Tenant shall promptly comply with all laws,
with Laws         ordinances, rules, regulations, requirements and directives of
[ILLEGIBLE]       the Federal, State and Municipal Governments or Public
                  Authorities and of all their departments, bureaus and
                  subdivisions, applicable to and affecting the said premises,
                  their use and occupancy, for the correction, prevention and
                  abatement of nuisances, violations or other grievances in,
                  upon or connected with the said premises, during the term
                  hereof; and shall promptly comply with all orders,
                  regulations, requirements and directives of the Board of Fire
                  Underwriters or similar authority and of any insurance
                  companies which have issued or are about to issue policies of
                  insurance covering the said premises and its contents, for the
                  prevention of fire or other casualty, damage or injury, at the
                  Tenant's own cost and expense.

Liability               8th: The Tenant, at Tenant's own cost and expense, shall
Insurance         obtain or provide and keep in full force for the benefit of
                  the Landlord, during the term hereof, general public liability
                  insurance, insuring the Landlord against any and all liability
                  or claims of liability arising out of, occasioned by or
                  resulting from any accident or otherwise in or about the
                  leased premises, for injuries to any person or persons, for
Indemni-          limits of not less than $100,000 for injuries to one person
fication          and $300,000 for injuries to more than one person, in any one
                  accident or occurrence, and for loss or damage to the property
                  of any person or persons, for not less than $50,000. The
                  policy or policies of insurance shall be of a company or
                  companies authorized to do business in this State and shall be
                  delivered to the Landlord, together with evidence of the
                  payment of the premiums therefor, not less than fifteen days
                  prior to the commencement of the term hereof or of the date
                  when the Tenant shall enter into possession, whichever occurs
                  sooner. At least fifteen days prior to the expiration or
                  termination date of any policy, the Tenant shall deliver a
                  renewal or replacement policy with proof of the payment of the
                  premium therefor. The Tenant also agrees to and shall save,
                  hold and keep harmless and indemnify the Landlord from and for
                  any and all payments, expenses, costs, attorney fees and from
                  and for any and all claims and liability for losses or damage
                  to property or injuries to persons occasioned wholly or in
                  part b or resulting from any acts or omissions by the Tenant
                  or the Tenant's agents, employees, guests, licensees,
                  invitees, subtenants, assignees or successors, or for any
                  cause or reason whatsoever arising out of or by reason of the
                  occupancy by the Tenant and the conduct of the Tenant's
                  business.

<PAGE>

Assignment              9th: The Tenant shall not, without the written consent
                  of the Landlord, assign, mortgage or hypothecate this lease,
                  nor sublet or sublease the premises or any part thereof.

Restriction             10th: The Tenant shall not occupy or use the leased
of Use            premises or any part thereof, nor permit or suffer the same to
                  be occupied or used for any purposes other than as herein
                  limited, nor for any purpose deemed unlawful, disreputable, or
                  extra hazardous, on account of fire or other casualty.

Mortgage                11th: This lease shall not be a lien against the said
[ILLEGIBLE]       premises in respect to any mortgages that may hereafter be
                  placed upon said premises. The recording of such mortgage or
                  mortgages shall have preference and precedence and be superior
                  and prior in lien to this lease, irrespective of the date of
                  recording and the Tenant agrees to execute any instruments,
                  without cost, which may be deemed necessary or desirable, to
                  further effect the subordination of this lease to any such
                  mortgage or mortgages. A refusal by the Tenant to execute such
                  instruments shall entitle the Landlord to the option of
                  cancelling this lease, and the term hereof is hereby expressly
                  limited accordingly.

Condemna-               12th: If the land and premises leased herein, or of
tion              which the leased premises are a part, or any portion thereof,
[ILLEGIBLE]       shall be taken under eminent domain or condemnation
Eminent           proceedings, or if suit or other action shall be instituted
Domain            for the taking or condemnation thereof, or if in lieu of any
                  formal condemnation proceedings or actions, the Landlord shall
                  grant an option to purchase and or shall sell and convey the
                  said premises or any portion thereof, to the governmental or
                  other public authority, agency, body or public utility,
                  seeking to take said land and premises or any portion thereof,
                  then this lease, at the option of the Landlord, shall
                  terminate, and the term hereof shall end as of such date as
                  the Landlord shall fix by notice, in writing; and the Tenant
                  shall have no claim or right to claim or be entitled to any
                  portion of any amount which may be awarded as damages or paid
                  as the result of such condemnation proceedings or paid as the
                  purchase price for such option, sale or conveyance in lieu of
                  formal condemnation proceedings; and all rights of the Tenant
                  to damages, if any, are hereby assigned to the Landlord. The
                  Tenant agrees to execute and deliver any instruments, at the
                  expense of the Landlord, as may be deemed necessary or
                  required to expedite any condemnation proceedings or to
                  effectuate a proper transfer of title to such governmental or
                  other public authority, agency, body or public utility seeking
                  to take or acquire the said lands and premises or any portion
                  thereof. The Tenant covenants and agrees to vacate the said
                  premises, remove all the Tenant's personal property therefrom
                  and deliver up peaceable possession thereof to the Landlord or
                  to such other party designated by the Landlord or to such
                  other party designated by the Landlord in the aforementioned
                  notice. Failure by the Tenant to comply with any provisions in
                  this clause shall subject the Tenant to such costs, expenses,
                  damages and losses as the Landlord may incur by reason of the
                  Tenant's breach hereof.

Fire and                13th: In case of fire or other casualty, the Tenant
[ILLEGIBLE]        shall give immediate notice to the Landlord. If the premises
Casualty          shall be partially damaged by fire, the elements or other
                  casualty, the Landlord shall repair the same as speedily as
                  practicable, but the Tenant's obligation to pay the rent
                  hereunder shall not cease. If, in the opinion of the Landlord,
                  the premises be so extensively and substantially damaged as to
                  render them untenantable, then the rent shall cease until such
                  time as the premises shall be made tenantable by the Landlord.
                  However, if, in the opinion of the Landlord, the premises be
                  totally destroyed or so extensively and substantially damaged
                  as to require practically a rebuilding thereof, then the rent
                  shall be paid up to the time of such destruction and then and
                  from thenceforth this lease shall come to an end. In no event
                  however, shall the provisions of this clause become effective
                  or be applicable, if the fire or other casualty and damage
                  shall be the result of the carelessness, negligence or
                  improper conduct of the Tenant or the Tenant's agents,
                  employees, guests, licensees, invitees, subtenants, assignees
                  or successors. In such case, the Tenant's liability for the
                  payment of the rent and the performance of all the covenants,
                  conditions and terms thereof on the Tenant's part to be
                  performed shall continue and the Tenant shall be liable to the
                  Landlord for the damage and loss suffered by the Landlord. If
                  the Tenant shall have been insured against any of the risks
                  herein covered, then the proceeds of such insurance shall be
                  paid over to the Landlord to the extent of the Landlord's
                  costs and expenses to make the repairs hereunder, and such
                  insurance carriers shall have no recourse against the Landlord
                  for reimbursement.

Reimburse-              14th: If the Tenant shall fail or refuse to comply with
ment of           and perform any conditions and covenants of the within lease,
[ILLEGIBLE]       the Landlord may, if the Landlord so elects, carry out and
                  perform such conditions and covenants, at the cost and expense
                  of the Tenant, and the said cost and expense shall be payable
                  on demand, or at the option of the Landlord, shall be added to
                  the installment of rent due immediately thereafter but in no
                  case later than one month after such demand, whichever occurs
                  sooner, and shall be due and payable as such. This remedy
                  shall be in addition to such other remedies as the Landlord
                  may have hereunder by reason of the breach by the Tenant of
                  any of the covenants and conditions in this lease contained.

[ILLEGIBLE]             15th: The Tenant agrees that the Landlord and the
                  Landlord's agents, employees or other representatives, shall
                  have the right to enter into and upon the said premises or any
                  part thereof, at all reasonable hours, for the purpose of
                  examining the same or making such repairs or alterations
                  therein as may be necessary for the safety and preservation
                  thereof. This clause shall not be deemed to be a covenant by
                  the Landlord nor be construed to create an obligation on the
                  part of the Landlord to make such inspection or repairs.

[ILLEGIBLE]              16th: The Tenant agrees to permit the Landlord and the
                  Landlord's agents, employees or other representatives to show
                  the premises to persons wishing to rent or limited to three
                  (3) months prior to lease expiration purchase the same, and
                  Tenant agrees that on and after ________________ next
                  preceding the expiration of the term hereof, the Landlord or
                  the Landlord's agents, employees or other representatives
                  shall have the right to place notices on the front of said
                  premises or any part thereof, offering the premises for rent
                  or for sale; and the Tenant hereby agrees to permit the same
                  to remain thereon without hindrance or molestation.

[ILLEGIBLE]             17th: If for any reason it shall be impossible to obtain
                  fire and other hazard insurance on the buildings and
                  improvements on the leased premises, in an amount and in the
                  form and in insurance companies acceptable to the Landlord,
                  the Landlord may, if the Landlord so elects at any time
                  thereafter, terminate this lease and the term hereof, upon
                  giving the Tenant fifteen days notice in writing of the
                  Landlord's intention so to do, and upon the giving of such
                  notice, this lease and the term thereof shall terminate. If by
                  reason of the use to which the premises are put by the Tenant
                  or character of or the manner in which the Tenant's business
                  is carried on, the insurance rates for fire and other hazards
                  shall be increased, the Tenant shall upon demand, pay to the
                  Landlord, as rent, the amounts by which the premiums for such
                  insurance are increased. Such payment shall be paid with the
                  next installment of rent but in no case later than one month
                  after such demand, whichever occurs sooner.

[ILLEGIBLE]              18th: Any equipment, fixtures, goods or other property
                  of the Tenant, not removed by the Tenant upon the termination
                  of this lease, or upon any quitting, vacating or abandonment
                  of the premises by the Tenant, or upon the Tenant's eviction,
                  shall be considered as abandoned and the Landlord shall have
                  the right, without any notice to the Tenant, to sell or
                  otherwise dispose of the same, at the expense of the Tenant,
                  and shall not be accountable to the Tenant for any part of the
                  proceeds of such sale, if any.

[ILLEGIBLE]              19th: If there should occur any default on the part of
                  the Tenant in the performance of any material conditions and
                  covenants herein contained, or if during the term hereof the
                  premises or any part thereof shall be or become abandoned or
                  deserted, vacated or vacant, or should the Tenant be evicted
                  by summary proceedings or otherwise, the Landlord, in addition
                  to any other remedies herein contained or as may be permitted
                  by law. The Tenant shall remain liable for such rents as may
                  be in arrears and also the rents as may accrue subsequent to
                  the re-entry by the Landlord, to the extent of the difference
                  between the rents reserved hereunder and the rents, if any,
                  received by the Landlord during the remainder of the unexpired
                  term hereof, after deducting the aforementioned expenses, fees
                  and costs; the same to be paid as such deficiencies arise and
                  are ascertained each month.

[ILLEGIBLE]              20th: Upon the occurrence of any of the contingencies
Default           set forth in the preceding clause, or should the Tenant be
                  adjudicated a bankrupt, insolvent or placed in receivership,
                  or should proceedings be instituted by or against the Tenant
                  for bankruptcy, insolvency, receivership, agreement of
                  composition or assignment for the benefit of creditors, or if
                  this lease or the estate of the Tenant hereunder shall pass to
                  another by virtue of any court proceedings, writ of execution,
                  levy, sale, or by operation of law, the Landlord may, if the
                  Landlord so elects, at any time thereafter, terminate this
                  lease and the term hereof, upon giving to the Tenant or to any
                  trustee, receiver, assignee or other person in charge of or
                  acting as custodian of the assets or property of the Tenant,
                  five days notice in writing, of the Landlord's intention so to
                  do. Upon the giving of such notice, this lease and the term
                  hereof shall end on the date fixed in such notice as if the
                  said date was the date originally fixed in this lease for the
                  expiration hereof; and the Landlord shall have the right to
                  remove all persons, goods, fixtures and chattels therefrom, by
                  force or otherwise, without liability for damages.

[ILLEGIBLE]             21st: The Landlord shall not be liable for any damage or
                  injury which may be sustained by the Tenant or any other
                  person, as a consequence of the failure, breakage, leakage or
                  obstruction of the water, plumbing, steam, sewer, waste or
                  soil pipes, roof, drains, leaders, gutters, valleys,
                  downspouts or the like or of the electrical gas, power,
                  conveyor, refrigeration, sprinkler, air conditioning or
                  heating systems, elevators or hoisting equipment; resulting
                  from the carelessness, negligence or improper conduct on the
                  part of any other Tenant or this or any other Tenant's agents,
                  employees, guests, licensees, invitees, subtenants, assignees
                  or successors; or attributable to any interference with,
                  interruption of or failure, beyond the control of the
                  landlord, of any services to be furnished or supplied by the
                  Landlord.

[ILLEGIBLE]              22nd: The various rights, remedies, options and
                  elections of the Landlord, expressed herein, are cumulative,
                  and the failure of the Landlord to enforce strict performance
                  by the Tenant of the conditions and covenants of this lease or
                  to exercise any election or option, or to resort or have
                  recourse to any remedy herein conferred or the acceptance by
                  the Landlord of any installment of rent after any breach by
                  the Tenant, in any one or more instances, shall not be
                  construed or deemed to be a waiver or a relinquishment for the
                  future by the Landlord of any such conditions and covenants,
                  options, elections or remedies, but the same shall continue in
                  full force and effect.

<PAGE>

[ILLEGIBLE] Per-        23rd: This lease and the obligation of the Tenant to pay
formance          the rent hereunder and to comply with the covenants and
by Landlord       conditions hereof, shall not be affected, curtailed, impaired
                  or excused because of the Landlord's inability to supply any
                  service or material called for herein, by reason of any rule,
                  order, regulation or preemption by any governmental entity,
                  authority, department, agency or subdivision or for any delay
                  which may arise by reason of negotiations for the adjustment
                  of any fire or other casualty loss or because of strikes or
                  other labor trouble or for any cause beyond the control of the
                  Landlord.

Validity                24th: The terms, conditions, covenants and provisions of
of Lease          this lease shall be deemed to be severable. If any clause or
                  provision herein contained shall be adjudged to be invalid or
                  unenforceable by a court of competent jurisdiction or by
                  operation of any applicable law, it shall not affect the
                  validity of any other clause or provision herein, but such
                  other clauses or provisions shall remain in full force and
                  effect.

Notices                 25th: All notices required under the terms of this lease
                  shall be given and shall be complete by mailing such notices
                  by certified or registered mail, return receipt requested, to
                  the address of the parties as shown at the head of this lease,
                  or to such other address as may be designated in writing,
                  which notice of change of address shall be given in the same
                  manner.

[ILLEGIBLE] and         26th: The Landlord covenants and represents that the
[ILLEGIBLE]        Landlord is the owner of the premises herein leased and has
Enjoyment         the right and authority to enter into, execute and deliver
                  this lease; and does further covenant that the Tenant on
                  paying the rent and performing the conditions and covenants
                  herein contained, shall and may peaceably and quietly have,
                  hold and enjoy the leased premises for the term
                  aforementioned.

Entire                  27th: This lease contains the entire contract between
Contract          the parties. No representative, agent or employee of the
                  Landlord has been authorized to make any representations or
                  promises with reference to the within letting or to vary,
                  alter or modify the terms hereof. No additions, changes or
                  modifications, renewals or extensions hereof, shall be binding
                  unless reduced to writing and signed by the Landlord and the
                  Tenant.

Tax                     28th: If in any calendar year during the term and of any
Increase          renewal or extension of the term hereof, the annual municipal
                  taxes assessed against the land and improvements leased
                  hereunder or of which the premises herein leased are a part,
                  shall be greater than the municipal taxes assessed against the
                  said lands and improvements for the calendar year 19___, which
                  is hereby designated as the base year, then, in addition to
                  the rent herein fixed, the Tenant agrees to pay a sum equal to
                  ____________ of the amount by which said tax exceeds the
                  annual tax for the base year, inclusive of any increase during
                  any such calendar year. The said sum shall be considered as
                  additional rent and shall be paid in as many equal
                  installments as there are months remaining in the calendar
                  year in which said taxes exceed the taxes for the base year,
                  on the first day of each month in advance, during the
                  remaining months of that year. If the term hereof shall
                  commence after the first day of January or shall terminate
                  prior to the last day of December in any year, then such
                  additional rent resulting from a tax increase shall be
                  proportionately adjusted for the fraction of the calendar year
                  involved.

Mechanics'              29th: If any mechanics' or other liens shall be created
Liens             or filed against the leased premises by reason of labor
                  performed or materials furnished for the Tenant in the
                  erection, construction, completion, alteration, repair or
                  addition to any building or improvement, the Tenant shall upon
                  demand, at the Tenant's own cost and expense, cause such lien
                  or liens to be satisfied and discharged of record together
                  with any Notices of Intention that may have been filed.
                  Failure so to do, shall entitle the Landlord to resort to such
                  remedies as are provided herein in the case of any default of
                  this lease, in addition to such as are permitted by law.

Waiver of               30th: The Tenant waives all rights of recovery against
Abrogation        the Landlord or Landlord's agents, employees or other
Rights            representatives, for any loss, damages or injury of any nature
                  whatsoever to property or persons for which the Tenant is
                  insured. The Tenant shall obtain from Tenant's insurance
                  carriers and will deliver to the Landlord, waivers of the
                  subrogation rights under the respective policies.

Security                31st: The Tenant has this day deposited with the
                  Landlord the sum of $9,000.00 as security for the payment of
                  the rent hereunder and the full and faithful performance by
                  the Tenant of the covenants and conditions on the part of the
                  Tenant to be performed. Said sum shall be returned to the
                  Tenant, without interest, after the expiration of the term
                  hereof, provided that the Tenant, has fully and faithfully
                  performed all such covenants and conditions and is not in
                  arrears in rent. During the term hereof, the Landlord may, if
                  the Landlord so elects, have recourse to such security, to
                  make good any default by the Tenant, in which event the Tenant
                  shall, on demand, promptly restore said security to its
                  original amount. Liability to repay said security to the
                  Tenant shall run with the reversion and title to said
                  premises, whether any change in ownership thereof be by
                  voluntary alienation or as the result of judicial sale,
                  foreclosure or other proceedings, or the exercise of a right
                  of taking or entry by any mortgages. The Landlord shall assign
                  or transfer said security, for the benefit of the Tenant, to
                  any subsequent owner or holder of the reversion or title to
                  said premises, in which case the assignee shall become liable
                  for the repayment thereof as herein provided, and the assignor
                  shall be deemed to be released by the Tenant from all
                  liability to return such security. This provision shall be
                  applicable to every alienation or change in title and shall in
                  no wise be deemed to permit the Landlord to retain the
                  security after termination of the Landlord's ownership of the
                  reversion or title. The Tenant shall not mortgage, encumber or
                  assign said security without the written consent of the
                  Landlord.

                        32nd: Tenant to pay own metered utilities and interior
                  janitorial.

                        33rd: Tenant has the option to renew lease for an
                  additional year for $11,000.00 per month.

                        34th: The cost of improvements to the space amounts to
                  $16,000.00, of which the tenant agrees to pay $6,000.00. Refer
                  to Letter of Intent, dated 2/22/00 for list of improvements to
                  office space (see attached).

                        35th: Russell Weber agrees to pay The Schultz
                  Organization the sum of $5,500.00, representing 1/2 months
                  rent as commission.

                        36th: See attached memo dated 3/27/00. 37th: The total
                  of electrical changes to office space, $4,000.00, of which
                  tenant agrees to pay $2,000.00.

Conformation            The Landlord may pursue the relief or remedy sought in
with              any invalid clause, by conforming the said clause with the
Laws and          provisions of the statutes or the regulations of any
Regulations       governmental agency in such case made and provided as if the
                  particular provisions of the applicable statutes or
                  regulations were set forth herein at length.

                        In all references herein to any parties, persons,
                  entities or corporations the use of any particular gender or
                  the plural or singular number is intended to include the
                  appropriate gender or number as the text of the within
                  instrument may require. All the terms, covenants and
                  conditions herein contained shall be for and shall inure to
                  the benefit of and shall bind the respective parties hereto,
                  and their heirs, executors, administrators, personal or legal
                  representatives, successors and assigns.

                        In Witness Whereof, the parties hereto have hereunto set
                  their hands and seals, or caused these presents to be signed
                  by their proper corporate officers and their proper corporate
                  seal to be hereto affixed, the day and year first above
                  written.

Signed, Sealed and Delivered
   in the presence of or
        Attested by

                                           /s/ Russell Weber
----------------------------             -------------------------------------
                                          Russell Weber                Landlord
                                          B & R Holding Co.

                                           /s/ Jerry Mahoney
                                          -------------------------------------
                                          Jerry Mahoney                  Tenant
                                          Ivoice.com, Inc.

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