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                              EMPLOYMENT AGREEMENT

     This Employment Agreement (the "Agreement"), dated as of the 10th day of
January, 2000, is entered into between MegaMedia Networks, Inc., (the
"Company"), and David A. Gust, (the "Executive").

                                     RECITAL

WHEREAS,  the Company desires to employ the Executive and the Executive  desires
to be employed by the Company upon the terms and subject to the  conditions  set
forth in this Agreement.

NOW THEREFORE,  in  consideration  of the Recital and of the mutual promises set
forth in this Agreement, the company and the Executive agree as follows:

                                    AGREEMENT

1.   EMPLOYMENT. The Company employs the Executive as the Chief Executive
     Officer and as CEO he shall lead the Company in strategic business
     development and brand building in alliance with world-class companies. He
     shall identify and capitalize on business trends and market opportunities.
     He shall determine profitable growth strategies and he shall be in charge
     of the negotiation of strategic alliances and business relationships. He
     will develop and implement successful marketing strategies and oversee
     their day-to-day implementation as well as all company operations. He shall
     be responsible for enhancement of shareholder value and will assemble and
     lead superior staff teams to accomplish the Companies objectives as set out
     above and as determined by the Board of Directors. Executive hereby accepts
     such employment, upon the terms and subject to the conditions set forth in
     this Agreement.

2.   TERM. The term of this Agreement shall by one (1) year, commencing on
     January 10, 2000, and ending on January 10, 2001. The initial term shall be
     automatically extended by one (1) day on each day beginning on January 11,
     2000, for twelve (12) months such that on any given day after January 10,
     2000, the Term of this Agreement shall be twelve (12) months from such day.
     The Term shall automatically extend past January 9, 2001, and shall be
     automatically extended as described above for as long as the Executive is
     employed by the Company. Nothing herein shall be construed as to limit in
     any manner the rights of the parties hereto to terminate Executive's
     employment with the company in accordance with the provisions for
     termination and for compensation upon termination that are contained
     herein.

3.   DUTIES. During the term of this Agreement, subject to the direction of the
     Board of Directors of the Company, the Executive shall serve in the
     capacities set forth in Section 1 hereof. The Executive shall devote his
     full business time and energies to the business and affairs of the Company
     and shall use his best efforts, skills and abilities to promote the
     interests of the Company and to diligently and competently perform his
     duties. Executive may serve as a director of not more than two (2) other
     companies, including public companies, as well as of philanthropic,
     charitable or civic entities, as long as participation on such boards does
     not interfere with the performance of the Executive's duties hereunder.

4.   COMPENSATION, STOCK OPTIONS AND BENEFITS:

     A.   Executive Compensation. Commencing with the start of employment
          pursuant to this Agreement, Executive shall receive an annual salary
          of $190,000.00 (one hundred ninety thousand dollars). Executive shall

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          also be entitled to participate in the executive bonus program as that
          Program  may be in  force  and  determined  from  time  to time by the
          Company's Board of Directors and its Compensation Committee.

                                  Page 1 of 27

B.   Stock Rights and Options.

     i.   Upon execution of this Agreement and payment by Executive of an
          aggregate purchase price of Two Thousand Five Hundred Dollars
          ($2,500.00), Executive shall be issued 250,000 shares of the Company's
          common stock, $0.01 par value, in his name, to be held by an Escrow
          Agent, as provided in the Escrow Agreement of even date herewith, as
          set forth in Exhibit A, which shares may not be sold, exchanged,
          transferred, pledged, hypothecated, or otherwise disposed of and are
          subject to forfeiture as described below ("Escrow Stock"). If
          Executive voluntarily terminates his employment or his employment is
          terminated "for cause" (as defined in paragraph 9D), prior to the
          occurrence of the earliest event specified in subsections (a) through
          (f) below, Executive shall forfeit all right, title and interest to
          the Escrow Stock. Otherwise, complete ownership, subject to
          restrictions set forth in the Securities Act of 1933 as amended, and
          the rules and regulations promulgated from time to time by the
          Securities and Exchange Commission, in all of the Escrow Stock shall
          be delivered to Executive promptly on the earliest to occur of the
          following:

               a.   January 9, 2001;

               b.   Executive's death;

               c.   Executive's permanent disability as defined in paragraph 9B;

               d.   Termination of the Executive's employment by the Company
                    without cause as defined in paragraph 9D;

               e.   Termination by the Executive of his employment as a result
                    of Constructive Discharge as defined in paragraph 9C;

               f.   A "change in control" of the Company which shall be defined
                    as (i) a sale, purchase, merger or other business
                    combination which results in transfer to a third party of an
                    ownership interest of greater that 50% of the company or any
                    successor entity to the Company, (ii) a sale or other
                    disposition of all or substantially all of the Company's
                    assets, or (iii) election by the shareholders of the Company
                    of persons to serve as directors of the Company, comprising
                    more that one-half (1/2) the total number of directors,
                    persons who were not nominated or recommended to the
                    shareholders for election as directors by the Board's
                    nominating committee.

               Provided  that  Executive  has  not  voluntarily  terminated  his
               employment or his employment has not been  terminated "for cause"
               (as defined in  paragraph  9D),  prior to the  occurrence  of the
               earliest event  specified in  subsections  (a) through (f) above,
               upon  the   occurrence  of  the  earliest   event   specified  in
               subsections (a) through (f) above, the Company shall instruct its
               Escrow  Agent  to  deliver  a  certificate  or   certificates  in
               Executive's  name for the 250,00 shares of the  Company's  common
               stock, $0.01 par value, to Executive.

          ii.  Upon  execution  of this  Agreement , the company  shall issue to
               Executive two Stock Option  Agreements as set forth in Exhibits B
               and C,  attached  hereto and  incorporated  herein by  reference,
               providing Executive conditional rights to purchase up to 200,000

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               & 200,000  shares of fully paid,  non-assessable  common stock of
               the Company in each Stock Option Agreement, respectively.

          iii. Promptly upon the vesting of stock option rights as provided in
               the Stock Option Agreements, the Company shall provide Executive
               with a Notice of Vesting confirming such vesting of

                                  Page 2 of 27

          iv.  option rights. The Notice of Vesting shall set forth the date of
               vesting, the number, exercise price and term of the option rights
               that have vested in Executive.

          v.   The Escrow Stock and the Stock Options referenced herein shall
               not be subject to any dilution as to percentage of ownership,
               that differs from any dilution of percentage of ownership that
               may be from time to time be appropriately approved and undertaken
               by the Company and that is applicable to all issued and
               outstanding stock of the Company. All shares acquired by
               Executive under these provisions will be subject to statutory
               restrictions, registration and to such lockup agreements as
               Company may reasonably require of its executives. In the event
               that the outstanding shares are changed into or exchanged for a
               different number or kind of shares or securities of the Company,
               or of any other corporation, by reason of reorganization, merger,
               or other subdivision, consolidation. Recapitialization,
               reclassification, stock split, stock divided or combination of
               shares or similar event, the Company shall make an appropriate
               and equitable adjustment to the Escrow Stock or Options so that
               Executive's proportionate interest shall be maintained as before
               the occurrence of such event to the maximum extent possible.

          vi.  At  the  Executive's   request  and  at  the  Company's  expense,
               following the Company's next public  offering,  the Company shall
               effect a  registration  on Form S-8, or if necessary on Form S-3,
               with respect to his  exercise of his options  and, if  necessary,
               with respect to the resale of any of his shares of common stock.

          vii. Executive shall also be entitled to participate in all other
               compensation and benefit plans provided by the Company to its
               executives, including any stock option, retirement and savings
               programs (e.g. a 401(k) plan).

     C.   Benefits: During the term of this Agreement, the Executive shall be
          entitled to participate in or benefit from, in accordance with the
          eligibility and other provisions thereof such medical, insurance,
          pension, retirement, life insurance, profit sharing and other fringe
          benefit plans or policies as the company may make available to, or
          have in effect for, its other senior executives and Executive's
          participation shall not be less that that of any other executive
          officer of the Company. The Company retains the right to terminate or
          alter any such plans or policies from time to time. At this time, the
          Company pays 30% of the cost of participation of Executive's family in
          the Company medical insurance plan.

     D.   Reimbursement of Business Expenses: During the term of this Agreement,
          upon submission of appropriate supporting documentation, the Executive
          shall  be  reimbursed  by the  Company  for  all  reasonable  business
          expenses actually and necessarily  incurred by the Executive on behalf
          of the Company in connection  with the  performance  of services under
          this Agreement.

     E.   Reimbursement of Other Expenses: During the term of this Agreement the
          Executive shall receive an auto allowance of $500.00 per month and
          shall participate in any other reimbursements (i.e. cellular phone,

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          pager, etc.) offered to other senior executives at a level that shall
          not be less than that of any other executive officer of the Company.

     F.   Vacation: During the term of this Agreement Executive shall be
          eligible for fifteen (15)-business days paid vacation per employment
          year (i.e., January 10 through January 9). Vacation days are not
          cumulative and will not carry over from year to year.

     G.   Sick Leave: Executive will be eligible for 5 (five) paid sick days per
          year. Paid sick days can be used for any purpose during the employment
          year. Sick days are not cumulative and will not carry over from year
          to year.

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5.   REPRESENTATION OF EXECUTIVE: The Executive represents and warrants that he
     is not a party to, or bound by, any agreement or commitment, or subject to
     any restriction, including but not limited to agreements related to
     previous employment containing confidentiality or non-compete covenants,
     which in the future may have a possibility of adversely affecting or
     interfering with the business of the Company, the full performance by the
     Executive of his duties under this Agreement or the exercise of his best
     efforts hereunder.

6.   CONFIDENTIALITY:

     A.   Confidential Information. The Executive acknowledges that as a result
          of his employment with the Company, the Executive will have knowledge
          of and access to, all proprietary and confidential information of the
          company, including, without limitation, all "Confidential Information"
          (as defined herein), and that such information, even though it may be
          contributed, developed or acquired by the Executive, and whether or
          not the foregoing information is actually novel or unique, constitute
          valuable assets of the Company developed at great expense which are
          the exclusive property of the company or its affiliates. Accordingly,
          the Executive shall not, at any time, either during or subsequent to
          the terms of this Agreement, use, revel, report, publish, transfer or
          otherwise disclose to any person, corporation or other entity (a
          "person"), any of the Confidential Information without the prior
          written consent of the Company's Board of Director's, except to
          appropriate officers and executives of the Company and other
          appropriate persons who are in a contractual or fiduciary relationship
          with the company and who have a need for such information for purposes
          in the best interests of the company, and except for such information
          which is or becomes generally available to the public other than as a
          result of an unauthorized disclosure by the Executive. As used in this
          Agreement, "Confidential Information" shall mean any and all studies,
          plans, reports, surveys, analysis, sketches, drawings, specifications,
          notes, records, memoranda, computer-generated data, computer programs,
          algorithms, or documents, and all other non-public information
          relating to the business activities of the Company, including, without
          limitation, all methods, processes, techniques, equipment, research
          data, experiments, marketing and sales information, personnel data,
          customer lists, pricing data, executive lists, supplier lists,
          merchandising systems, financial data, trade secrets, and the like
          which presently or, in the future, are in the possession of the
          Company. Said Confidential Information may be in either human or
          computer readable form, including, but not limited to, software,
          source code, hex code, or any other form. Confidential Information
          shall not include any information that is available to the general
          public or that is generally know or available in the industry.

     B.   Return of Confidential Information. Upon the termination of the
          Executive's employment with the Company, the Executive shall promptly
          deliver to the Company all manuals, letters, notes, notebooks, reports

<PAGE>

          and copies thereof and all other  materials  relating to the Company's
          business,  including  without  limitation any materials  incorporating
          Confidential  Information,  which are in the Executive's possession or
          control.

7.   NON-COMPETITION: The Executive acknowledges that his services to be
     rendered hereunder are of a special and unusual character and have a unique
     value to the Company, the loss of which cannot be adequately compensated by
     damages in any court of law. In view of the unique value to the Company of
     the services of the Executive, the Executive hereby covenants and agrees
     that so long as he remains employed by the Company (whether under this
     Agreement or any other written or oral agreement or arrangement) and for a
     period of one (1) year after the termination or expiration of any such
     employment for any reason, the Executive shall not directly or indirectly
     engage in or have an active interest in, anywhere in the world, alone or in
     association with others, as principal, officer, agent, executive,
     consultant, independent contractor, director, partner or stockholder, or
     through the investment of capital lending of money or property, rendering
     of services or otherwise any business competitive with the business engaged
     in by the Company, the Executive hereby acknowledging that the company
     conducts business and distributes its products, or contemplates conducting
     business and distributing its product(s), on a worldwide basis; provided,
     however, that this paragraph 7 shall not prevent the Executive from
     acquiring, solely as investment and through market purchases, up to ten
     percent (10%) of the securities of any issuer that are registered under
     Section 12(b) or 12(g) of the Securities Exchange Act of 1934, as amended,
     and that are listed or

                                  Page 4 of 27

     admitted for trading on any United States national  securities  exchange or
     that are quoted on the National Association of Securities Dealers Automated
     Quotations  System.  The  business in which the Company is engaged and from
     which  the   Executive   shall  refrain  from  engaging  in  following  the
     termination  of his  employment  shall be  specified  in  Exhibit E to this
     Agreement.  The  description of the Company's  business shall be revised as
     often as necessary, (but not less than every six (6) months) to reflect the
     scope and  nature of the  Company's  business  from time to time,  and such
     revisions to Exhibit E shall be the  responsibility of the Executive and of
     the Chief  Executive  Officer of the  Company,  as approved by the Board of
     Directors.  So long as Executive  remains  employed by the Company (whether
     under this Agreement or any other written or oral agreement or arrangement)
     and for a period of one (1) year after the termination or expiration of any
     such  employment  for any reason,  the  Executive  shall not, and shall not
     permit,  cause or authorize any of his  executives,  agents or others under
     his control to,  directly or indirectly,  on behalf of himself or any other
     person,  to  recruit  or  otherwise  solicit or induce any person who is an
     executive of; or otherwise  engaged by, the Company or any successor to the
     business of the company or any affiliate of the Company to terminate his or
     her employment or other  relationship with the Company or such successor or
     affiliate. The Executive shall not at any time, directly or indirectly, use
     or purport to authorize any person to use any name, mark, logo, trade dress
     or other  identifying  words or images  which are the same as or similar to
     those used at any time by the Company or any affiliate in  connection  with
     any  product  or  service,  whether  or not such use would be in a business
     competitive with that of the Company. This Restrictive Covenant on the part
     of the Executive is given and made by the Executive to induce  MegaMedia to
     employ the Executive and to enter into this  Employment  Agreement with the
     Executive,  and the Executive  hereby  acknowledges  the sufficiency of the
     consideration for this Restrictive Covenant.

     This  Restrictive  Covenant  is  not  executory  or  otherwise  subject  to
     rejection  under  the  Bankruptcy  Code.  This  Restrictive  Covenant  is a
     reasonable an necessary restraint of trade and does not violate the Sherman
     Antitrust Act, the Florida Antitrust Act, or the common law; it is

<PAGE>

     supported  by  valid  business  interests,   including  the  protection  of
     MegaMedia  trade  secrets and  confidential  business  information  and the
     protection of MegaMedia's  relationships with its customers and prospective
     customers,  at the  one (1)  year  restriction  is  essential  to the  full
     protection  of those  valid  business  interests.  If any  portion  of this
     Restrictive  Covenant is held by a court of  competent  jurisdiction  to be
     unreasonable,  arbitrary,  or against  public  policy for any reason,  this
     Restrictive  Covenant shall be considered divisible as to line of business,
     time,  and  geographic  area; if a court of competent  jurisdiction  should
     determine the specified  lines of business,  the specified  period,  or the
     specified geographic area to be unreasonable,  arbitrary, or against public
     policy for any reason, a narrower line of business,  a lesser period,  or a
     smaller geographic area that is determined to be reasonable, non-arbitrary,
     and not against public policy for any reason,  may be enforced by MegaMedia
     against the Executive.

8.   REMEDIES: The Executive acknowledges that the Company would not enter into
     this Agreement without the covenants set forth in Paragraphs 6,7 and 8 of
     this Agreement and that such covenants are given as an integral part of and
     incident to this Agreement. MegaMedia and the Executive agree that, in the
     event of a breach by the Executive of the Restrictive Covenants set forth
     in Paragraphs 6 and 7, above, such a breach would irreparably injure
     MegaMedia and would leave MegaMedia with no adequate remedy at law, and
     MegaMedia and the Executive further agree that if legal proceedings
     (including arbitration proceedings) should be brought by MegaMedia, against
     the Executive to enforce the Restrictive Covenant, MegaMedia shall be
     entitled to all civil remedies, including without limitation, preliminary
     and permanent injunctive relief restraining the Executive from violating,
     directly or indirectly, either as an individual on his own account or as a
     partner, joint venture, employee, agent, salesman, contractor, officer,
     director, or stockholder or otherwise, the restrictions of Paragraph 6 and
     7, above.

     Nothing in this  Employment  Agreement  shall be construed  as  prohibiting
     MegaMedia from pursuing any other legal or equitable  remedies available to
     it fro breach or threatened breach of the Restrictive Covenants.  MegaMedia
     agrees  that it shall  bring an  appropriate  action to enforce  its rights
     under  Paragraphs 6 and 7, within 60 days of that date when facts  material
     to the right of action are known or  reasonably  should  have been known to
     MegaMedia.

                                  Page 5 of 27

     Should legal proceedings (including arbitration  proceedings) be brought by
     MegaMedia against the Executive to enforce the Restrictive  Covenants,  the
     period of restriction shall be deemed to being running on the date of entry
     of an order  granting  MegaMedia  preliminary  injunctive  relief and shall
     continue  uninterrupted for the next succeeding one (1) year; the Executive
     acknowledges that such purposes and effect would be frustrated by measuring
     the period of restriction  from the date of termination of employment where
     the Executive failed to honor the Restrictive Covenant until directed to do
     so by court order.  MegaMedia and the Executive agree that, if MegaMedia is
     granted preliminary  injunctive relief under this Agreement,  an injunction
     bond of no more  than  $190,000.00  or an amount  equal to the  Executive's
     latest annual salary  level,  whichever is greater,  shall be sufficient to
     indemnify the Executive for any costs or damages that he might incur if the
     Court ultimately  determines that the Executive was wrongfully enjoined. If
     the  Executive  breaches  any of the  provisions  of  Paragraphs 6 or 7, in
     addition to its other rights and remedies, the Company shall have the right
     to require  the  Executive  to account  for and pay over to the Company all
     compensation,  profits,  money,  accruals,  and other  benefits  derived or
     received,  directly  or  indirectly,  by  the  Executive  from  the  action
     constituting such breach.

9.   TERMINATION: This Agreement may be terminated prior to the expiration of

<PAGE>

     the term set forth in Paragraph 2 upon the  occurrence of any of the events
     set forth in, and subject to the terms of this Paragraph 9.

     A.   Death.  This Agreement will terminate  immediately  and  automatically
          upon the death of the Executive.  In the event of  Executive's  death,
          Executive's estate or his designated  beneficiary shall be paid by the
          Company all of the compensation and benefits due to Executive  through
          the date of his death, including without limitation,  the Escrow Stock
          and stock option  benefits to which  Executive  was entitled as of the
          date of his death.

     B.   Disability. This Agreement may be terminated at the Company's option,
          immediately upon written notice to the Executive, if the Executive
          shall suffer a permanent disability. For the purposes of this
          Agreement, the term "permanent disability" shall mean the Executive's
          inability to perform his duties under this Agreement for a period of
          120 consecutive days or for an aggregate of 180 days, whether or not
          consecutive, in any twelve (12) month period, due to illness, accident
          or any other physical or mental condition, as determined by the Board
          of Directors of the Company. In the event of a permanent disability,
          Executive shall be paid by the Company all of the compensation and
          benefits due to Executive through the date of his permanent
          disability, including without limitation, the Escrow Stock and stock
          option benefits to which Executive was entitled as of the date of his
          permanent disability. All stock options vested as of the date
          Executive's employment is terminated due to permanent disability shall
          remain exercisable for the full duration of the option exercise
          period.

     C.   Voluntary termination by Executive.This Agreement may be terminated by
          Executive upon the giving of 60 days written notice to the Board of
          Directors. In the event that Executive voluntarily terminates this
          Agreement, except for "Constructive Discharge" as hereinafter defined,
          he shall be paid by the Company all of the compensation and benefits
          due to Executive through the date of termination and all stock options
          vested as of that date shall remain exercisable for the full duration
          of the option exercise period. In the event that Employee is
          Constructively Discharged, his termination shall be treated as if made
          by Company without cause and Executive shall receive all the
          compensation and benefits specified in paragraph 9E below. For
          purposes of this Agreement, "Constructive Discharge" shall mean:

          i.   any reduction of compensation, stock options or other benefits
               set forth in Paragraph 4 hereof;

          ii.  a material  reduction  in  Executive's  job  function,  duties or
               responsibilities,  or a similar change in  Executive's  reporting
               relationships,  it being agreed and understood  that  Executive's
               failure to win  re-election to the Board of Directors  (after his
               election to an initial  term as provided in  Paragraph 19 hereof)
               shall  not  constitute  "Constructive  Discharge"  so long as the
               shareholders  bound by the Voting  Agreement  attached  hereto as
               Exhibit D shall have voted in  accordance  with the terms of that
               agreement;

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          iii. a required relocation of Executive more than 35 miles from the
               Company's offices at 57 West Pine Street, Orlando, Florida 32801;
               or,

          iv.  any breach of any of the material  terms of this Agreement by the
               Company  which is not fully  cured  within 15  (fifteen)  days of
               Company's receipt of written notice thereof from Executive.

<PAGE>

     D    Cause. This Agreement may be terminated at the Company's option,
          immediately upon written notice to the Executive, upon (i)
          "Misconduct" which includes, but is not limited to, the following,
          which shall not be construed in pari materia with each other: (a)
          Conduct evincing such willful or wanton disregard of an employer's
          interests as is found by the Company's Board of Directors to be in
          deliberate violation or disregard of standards of behavior which the
          employer has the right to expect of the Executive; or (b) Carelessness
          or negligence of such a degree or recurrence as is found by the
          Company's Board of Directors to manifest culpability, wrongful intent,
          or evil design, or to show an intentional and substantial disregard of
          an employer's interests or of the Executive's duties and obligations
          to the employer, or (ii) fraud, criminal conduct (as evidenced by a
          plea of no contest or guilty or upon conviction of the Executive for
          any felony) or embezzlement by the Executive. In the event that
          Executive is terminated for cause, he shall be paid by the Company all
          compensation and benefits due through the date of written notice of
          termination, including without limitation all stock option benefits
          vested prior to the date of written notice of termination hereunder.
          All stock options vested as of the date Executive's employment is
          terminated for cause shall remain exercisable for the full duration of
          the option exercise period.

     E.   Without Cause. This Agreement may be terminated at the Company's
          option without cause immediately upon notice to the Executive. In the
          event the Company elects to terminate this Agreement without cause
          pursuant to this subsection, or the Executive is Constructively
          Discharged as specified in Paragraph 9C above, the Company shall:

          i.   Pay  to  Executive  as  wages  in  lieu  of  notice  the  sum  of
               $190,000.00,  or an amount equal to the Executive's latest annual
               salary  level,  whichever  is  greater,  to be paid in four equal
               payments,   with  the  first   payment  paid   immediately   upon
               termination and subsequent  payments being paid on the 30th, 60th
               and 90th day after termination, until paid in full.

          ii.  Immediately vest all of Executive's Escrow Stock and stock option
               rights as provided in the Stock  Option  Agreements  as though he
               remained employed for the initial three years of this Agreement.

          iii. Simultaneous  with delivery of the  Executive's  general  release
               referenced in paragraph 9F, Company shall deliver to Executive or
               Executive's  estate  a  general  release,  in form  substantially
               similar to Executive's  Release,  releasing the Executive  and/or
               his estate from any and all rights, claims,  demands,  judgments,
               obligations,   liabilities   and  damages,   whether  accrued  or
               unaccrued,  asserted or unasserted, and whether known or unknown,
               relating to the Company which ever existed,  then existed, or may
               thereafter  exist, by reason of the termination of this Agreement
               without cause except Executive's future performance of his duties
               and obligations under Paragraphs 6 and 7 of this Agreement.

     F.   Upon the termination of Executive's employment by the Company without
          cause, simultaneously with the receipt of the first installment of the
          wages in lieu of notice, and as a condition to the receipt thereof,
          the Executive or his estate, shall deliver to the Company a general
          release form acceptable to the Company releasing the Company form any
          and all rights, claims, demands, judgments, obligations, liabilities
          and damages, whether accrued or unaccrued, asserted or unasserted, and
          whether known or unknown, relating to the Company which ever existed,
          then existed, or may thereafter exist, by reason of termination of
          this Agreement without cause, except payment of $190,000.00 or an
          amount equal to the Executive's latest annual salary level, whichever
          is greater, in lieu of notice and the Escrow Stock and the vested
          stock options.

                                  Page 7 of 27

<PAGE>

     G.   Effect of  Termination.  In the event of any  termination  under  this
          Paragraph 9, the Company shall have no further  obligation  under this
          Agreement  to make any  payment  to, or bestow  any  benefits  on, the
          Executive  from and  after  the  date of the  termination  other  than
          payments or  benefits  accrued  and due and  payable to  Executive  as
          provided herein.

10.  INVENTIONS, IDEAS, PROCESSES AND DESIGNS: All inventions, ideas, processes,
     programs,  software, and designs (including all improvements) (i) conceived
     (whether or not actually  conceived  during regular business hours) or made
     by the Executive during the course of his employment with MegaMedia and for
     a period of six (6) month  subsequent to the termination of such employment
     with MegaMedia,  and (ii) integrally  related to the business of MegaMedia,
     shall be disclosed in writing  promptly to MegaMedia  and shall be the sole
     and exclusive  property of MegaMedia.  The Executive  shall  cooperate with
     MegaMedia  and its  attorneys in the  preparation  of patent and  copyright
     applications  for such  developments  and shall  promptly  assign  all such
     inventions,  ideas,  processes,  and designs to MegaMedia.  The decision to
     file for patent or copyright  protection or to maintain such development as
     a trade  secret  shall  be in the sole  discretion  of  MegaMedia,  and the
     Executive shall be bound by such decision.  The Executive shall provide, on
     the back of this Employment  Agreement,  a complete list of all inventions,
     ideas, processes, and designs, if any, patented or unpatented,  copyrighted
     or uncopyrighted,  including a brief  description,  which he or she made or
     conceived prior to his or her employment with MegaMedia and which therefore
     are excluded from the scope of this Agreement.

11.  CONSIDERATION.  The Executive  expressly  acknowledges  and agrees that the
     execution  by  MegaMedia  of  this  Employee  Agreement  constitutes  full,
     adequate, and sufficient  consideration to the Executive from MegaMedia for
     the  duties,  obligations,  and  covenants  of  the  Executive  under  this
     Agreement,  including, by way of illustration and not by way of limitation,
     the  agreements,   covenants,   and  obligations  of  the  Executive  under
     Paragraphs 6 and 7 of this Agreement.  MegaMedia expressly acknowledges and
     agrees similarly with respect to the consideration  received by it from the
     Executive under this Agreement.

12.  INDEBTEDNESS. If, during the course of the Executive's employment under
     this Employment Agreement, the Executive becomes indebted to MegaMedia for
     any reason, MegaMedia may, if it so elects, set off any sum due to
     MegaMedia from the Executive and collect form the Executive any remaining
     balance.

13.  TRAINING EXPENSES. MegaMedia shall pay for all reasonable training expenses
     incurred by the Executive while he is employed under this Employment
     Agreement.

14.  CONSENT TO  PERSONAL  JURISDICTION  AND VENUE;  WAIVER OF JURY  TRIAL.  The
     Executive and Company  hereby consent to personal  jurisdiction  and venue,
     for  any  action  brought  by  either  party  arising  out of a  breach  or
     threatened breach of this Employment  Agreement,  exclusively in the United
     States District Court for the Middle District of Florida, Orlando Division,
     or in the Circuit Court in and for Orange  County,  Florida;  the Executive
     and Company hereby agree that any action brought by either party,  alone or
     in combination with others, against the other party, whether arising out of
     this  Agreement or otherwise,  shall be brought  exclusively  in the United
     States District Court for the Middle District of Florida, Orlando Division,
     or in the Circuit Court in and for Orange  County,  Florida.  The Executive
     and Company  hereby agree that any  controversy  which may arise under this
     Agreement would involve complicated and difficult factual and legal issues.
     Therefore, if a court of law determines for any reason that the arbitration
     clause of Paragraph 15 of the Agreement is  unenforceable,  then any action
     brought by MegaMedia  against the Executive,  alone or in combination  with
     others,  against  MegaMedia,  whether  arising  out of  this  Agreement  or
     otherwise, shall be determined by a Judge sitting without a jury.

<PAGE>

15.  ARBITRATION.  All controversies,  claims, disputes, and matters in question
     arising out of, or related to, this  Employment  Agreement or the breach of
     this Agreement, or the relations between the signatories to this Agreement,
     shall  be  decided  by  arbitration  in  accordance   with  the  commercial
     Arbitration Rules of the American Arbitration Association.  The signatories
     agree  that the  arbitration  shall  take  place  exclusively  in  Orlando,
     Florida,  and  shall be  governed  by the  substantive  law of the state of
     Florida.  Any award  rendered by the arbitrator  shall be final,  and final
     judgment may be entered upon it in accordance  with  applicable  law in any
     court having  jurisdiction  thereof,  including a federal  district  court,
     pursuant to the Federal Arbitration Act. The arbitrator may

                                  Page 8 of 27

     grant a party injunctive relief,  including mandatory injunctive relief, to
     protect the rights of such party,  but the arbitrator  shall not be limited
     to such relief. This arbitration  provision shall not preclude a party from
     seeking  temporary or  preliminary  injunctive  relief in a court of law to
     protect its rights,  nor shall the filing of such an action  constitute any
     waiver by either party of its right to arbitrate.  In  connection  with the
     arbitration of any dispute between the signatories to this Agreement,  each
     signatory  may utilize all methods of discovery  authorized  by the Federal
     and Florida Rules of Civil Procedure.

16.  SERVICE  OF  PROCESS  -  MEGAMEDIA.   If  the  Executive  institutes  legal
     proceedings  (including  arbitration  proceedings)  against MegaMedia,  the
     signatories to this  Employment  Agreement agree that service of process by
     registered  and  certified  U.S mail of the  complaint  and  summons to the
     national  headquarters  of  MegaMedia,  currently  located  at 57 West Pine
     Street,  Orlando,  Florida  32801,  is  reasonably  calculated  to  apprise
     MegaMedia  of any legal  proceedings  (including  arbitration  proceedings)
     instituted  against it by the  Executive.  The  above-described  method for
     service of process  shall not  constitute  by  MegaMedia to the exercise of
     personal  jurisdiction by any court except the United States District Court
     for the Middle District of Florida,  Orlando  Division or the Circuit Court
     for Orange County,  Florida,  in connection with any controversy or dispute
     between the signatories to this Agreement.

17.  SERVICE OF PROCESS - EXECUTIVE.  If MegaMedia  institutes legal proceedings
     (including  arbitration  proceedings)  against the  Executive,  the parties
     agree that,  except as provided  below,  MegaMedia  shall server process by
     process  server  upon the  Executive  at his last known  residence  address
     located in the United  States.  The  Executive  shall  notify  MegaMedia in
     writing of any change in his  residence  address  within ten (10)  calendar
     days of the change. If the Executive changes his U.S. residence address and
     fails to notify  MegaMedia in writing  within ten (10) calendar days of the
     change,  the  signatories  agree  that the  following  specified  method of
     service of process is  reasonably  calculated to reach the Executive and to
     apprise the Executive of the legal proceedings instituted by MegaMedia:

MegaMedia shall (i) serve copies of the summons and  complaint by certified  and
     registered U.S. Mail to the Executive's last known residence located in the
     United  States and (ii)  place a public  notice in a  newspaper  of general
     circulation in the geographic area of the Executive's  last known residence
     address for a period of two (2) consecutive  weeks  following  commencement
     (i.e.,  filing) of the proceedings.  The Executive  expressly  acknowledges
     that the  above-described  method for service of process is (i)  reasonably
     calculated to apprise him of any legal proceedings  instituted  against him
     by MegaMedia and (ii)  sufficient  for the court issuing the summons or the
     American  Arbitration  Association to exercise  personal  jurisdiction over
     him.

18.  ACKNOWLEDGEMENTS. The Executive hereby acknowledges that he has been
     provided with a copy of this Employment Agreement for review prior to
     signing it, that he has been given the opportunity to have this Agreement

<PAGE>

     reviewed by his own attorney prior to signing it, that he  understands  the
     purposes and effects of this Agreement, and that he has been given a signed
     copy of this Agreement for his own records.  The parties hereto acknowledge
     that  this  Agreement  and  all  matters  contemplated  herein,  have  been
     negotiated  between both of the parties hereto and their  respective  legal
     counsel  and that  both  parties  have  participated  in the  drafting  and
     preparation of this Agreement from the  commencement  of negotiation at all
     times through the executive hereof.

19.  WAIVER. The waiver by either party of a breach or threatened breach of this
     employment  Agreement by the other party shall not be construed as a waiver
     of any  subsequent  breach.  The refusal or failure of MegaMedia to enforce
     the Restrictive Covenants or prohibitions of this Agreement (or any similar
     Agreement) against any other executive,  agent, or independent  contractor,
     for any  reason  shall not  constitute  a  defense  to the  enforcement  by
     MegaMedia  of  the  Restrictive  Covenants  or  the  prohibitions  of  this
     Agreement,  nor  shall it give rise to any claim or cause of action by such
     executive,   agent,  or  independent   contractor  or  consulting   against
     MegaMedia.

20.  BOARD OF DIRECTORS.  MegaMedia  agrees that the Board of Directors shall be
     increased  from the current number of two (2) directors and that one of the
     new board positions shall be filled by the Executive pursuant to the Voting
     Agreement  attached  hereto as  Exhibit D and that the  Executive  shall be
     elected to an initial term on the Board of Directors  by June,  2000.  This
     section shall be deemed to be a material provision of this Agreement.

                                  Page 9 of 27

21.  INDEMNIFICATION.  The  Company  shall  indemnify  Executive  to the fullest
     extent permitted by applicable law against damages and expenses  (including
     fees and disbursements of counsel) in connection with his status or arising
     out of the  ordinary  and  proper  conduct  of his  duties as an  employee,
     officer and director of the Company.

22.  MISCELLANEOUS.

     A.   Entire Agreement. This Employment Agreement, together with Exhibits A,
          B, C, D & E constitutes the entire agreement between its signatories
          pertaining to the subject matters of the Agreement, and it supersedes
          all negotiations, preliminary agreements, and all prior and
          contemporaneous discussions and understandings of the signatories in
          connection with the subject matters of the Agreement. Except as
          otherwise herein provided, no covenant, representation, or condition
          not expressed in this Agreement, or in an amendment made and executed
          in accordance with the provisions of subparagraph (b) of this
          paragraph, shall be binding upon the signatories or shall affect or be
          effective to interpret, change, or restrict the provisions of this
          Agreement.

     B.   Amendments. No change, modification, or termination of any of the
          terms, provisions, or conditions of this Agreement shall be effective
          unless made in writing and signed or initialed by all signatories to
          this Agreement.

     C.   Governing Law. This Agreement shall be governed and construed in
          accordance with the statutory and decisional law of the State of
          Florida governing contracts to be performed in their entirety in
          Florida.

     D.   Separability. If any paragraph, subparagraph, or provision of this
          Agreement, or the application of such paragraph, subparagraph or
          provision, is held invalid by a court of competent jurisdiction, the
          remainder of the Agreement, and the application of such paragraph,
          subparagraph, or provision to persons or circumstances other than

<PAGE>

          those with respect to which is held invalid, shall not be affected.

     E.   Headings and Captions. The titles and captions of paragraphs and
          subparagraphs contained in this Agreement are provided for convenience
          of reference only, and they shall not be considered a part of this
          Agreement for purposes of interpreting or applying this Agreement;
          such titles or captions are not intended to define, limit, extend,
          explain or describe the scope or extent of this Agreement or any of
          its terms, provisions, representations, warranties, or conditions in
          any manner or way whatsoever.

     F.   Attorney's Fees. In the event it shall be necessary for any party to
          seek arbitration or court intervention in order to enforce or defend
          its rights hereunder, the prevailing party in any such action shall
          recover from the non-prevailing party or parties, all reasonable
          attorneys' and paralegal fees in the trail and appellate courts and in
          all arbitration, including expert witness fees, deposition costs
          (appearance fees and transcript charges), injunction bond premiums,
          travel and lodging expenses, arbitration fees and charges, and all
          other reasonable costs and expenses.

     G.   Continuance of Agreement. The rights, responsibilities, and duties of
          the signatories to this Agreement, and the covenants and agreements
          contained in this Agreement, shall continue to bind the signatories,
          shall continue in full force and effect until each and every
          obligation of the signatories pursuant to this Agreement (and any
          document or agreement incorporated hereby by reference) shall have
          been fully performed, and shall be binding upon the successors and
          assigns of the signatories.

     H.   Successors and Assigns. Neither party shall have the right to assign
          this personal Agreement, or assign any rights or delegate any
          obligations hereunder, without the consent of the other party;
          provided, however, that upon the sale of all or substantially all of
          the assets, business and goodwill of the Company to another company,
          this Agreement shall inure to the benefit of; and be binding upon,
          both Executive and the company purchasing such assets, business and
          goodwill, or surviving such merger or consolidation, as the case may
          be, in the same manner and to the same extent as though such other
          company were the Company, subject to the Executive's rights hereunder.
          Subject to the foregoing, this

                                  Page 10 of 27

          Agreement  shall inure to the  benefits of; and be binding  upon,  the
          parties hereto and their legal representatives,  heirs, successors and
          assigns.

     I.   Additional Acts. The Executive and the Company each agrees to execute,
          acknowledge   and  deliver  and  file,   or  cause  to  be   executed,
          acknowledged and delivered and filed, any and all further instruments,
          agreements  or  documents as may be necessary or expedient in order to
          consummate the transactions  provided for in this Agreement and do any
          and all further  acts and things as may be  necessary  or expedient in
          order to carry out the purposes and intent of this Agreement.

     J.   Notices. Any notice or other communication under this Agreement, other
          than as provided above, shall be delivered personally or sent by
          certified mail, return receipt requested, postage prepaid, or sent by
          facsimile or prepaid overnight courier to the parties at the addresses
          set forth below (or at such other addresses as shall be specified by
          the parties by like notice). Such notices, demands, claims and other
          communications shall be deemed given when actually received or (a) in
          the case of delivery by overnight service with guaranteed next day
          delivery, the next day or the day designated for delivery, (b) in the

<PAGE>

          case of facsimile, the date upon which the transmitting party received
          confirmation of receipt by facsimile, telephone or otherwise.

                  To the Company:                   To the Executive:
                  MegaMedia Networks, Inc.          David A. Gust
                  57 West Pine Street               13543 Banana Bay Drive
                  Orlando, Florida  32801           Winter Garden, Florida 34787
                  Attn: Legal Department
                  Fax: 407-245-2943

     K.   Counterparts. This Agreement may be executed in counterparts, each of
          which shall be deemed an original and all of which, together, will
          constitute one and the same agreement. Any facsimile version of a
          manually executed signature page delivered by one party to the other
          shall be deemed manually executed and delivered original.

     L.   Rights as Stockholder. Executive shall have no rights as a stockholder
          for which options have not been exercised.

--------------------------------            ------------------------------
Witness                                     Executive - David A. Gust

--------------------------------            ------------------------------
Attest: By Mark R. Dolan, Secretary         MegaMedia Networks, Inc.
                                            By William A. Mobley, Jr., President

                                  Page 11 of 27

                                ESCROW AGREEMENT

                                    EXHIBIT A

     THIS ESCROW  AGREEMENT (the "Escrow  Agreement") is dated as of January 10,
2000, by and among MegaMedia Networks, Inc., (the "Company"), David A. Gust (the
"Executive"),  and Christopher P. Flannery, an attorney who practices law in the
Commonwealth of Pennsylvania, as Escrow Agent (the "Escrow Agent").

     WHEREAS,  the Stockholders of the Company have transferred shares of common
stock of the Company (the  "Shares") to the Escrow Agent to support stock rights
granted or to be granted to current or new employees, including David A. Gust as
the  Company's  Chief  Executive  Officer  utilizing  an escrow  arrangement  as
described in this Escrow Agreement; and,

     WHEREAS,  the terms  and  conditions  of  Executive's  employment  with the
Company  are set forth in an  employment  agreement  between  them,  dated as of
January 10, 2000, (the  "Employment  Agreement"),  attached as described in this
Escrow Agreement; and,

     WHEREAS, the Escrow Agent is willing to act hereunder on the terms and
conditions set forth herein;

     NOW,  THEREFORE,  in  consideration of the mutual covenants and obligations
set forth below,  and intending to be legally  bound,  the parties hereto hereby
agree as follows:

     1.   ESCROW ACCOUNT

     1.1 DEPOSIT. The Stockholders have delivered the Shares to the Escrow Agent
along  with  blank  stock  powers  with  Medallion  guaranteed  signatures  (the
"Escrow")  to be held by the Escrow  Agent in a separate  account  (the  "Escrow
Account")  subject to the terms and  provisions  of this Escrow  Agreement.  The
Shares in the Escrow  Account will be used to support stock rights granted or to
be granted to the Company's executives.

<PAGE>

     1.2  TRANSFER TO  EXECUTIVE.  Upon  execution of the  Employment  Agreement
between  Executive  and the  Company  and  payment  to the  Escrow  Agent of Two
Thousand  and Five  Hundred  Dollars  ($2,500.00),  250,000 of the shares in the
Escrow Account shall be transferred on the books of the Company to Executive and
a certificate  for those  250,000  shares shall be issued in  Executive's  name.
Executive  shall thereupon be a stockholder in the Company with respect to those
shares  and shall  have the  rights of a  stockholder  with  respect to all such
shares,  including the rights to vote such shares and to receive any dividend or
other  distributions  paid with respect to such shares, but shall not be able to
sell, exchange, transfer, pledge, hypothecate or otherwise dispose of the shares
until the conditions  specified in paragraph 4(B)(i) of the Employment Agreement
have been met.

     1.3 STOCK  POWER.  In aid of the  restrictions  on  transfer of the Shares,
Executive's   execution  of  the  Employment  Agreement  shall  acknowledge  his
agreement to have the certificate  evidencing his shares held by Escrow Agent as
security for  Executive's  performance  of the  Employment  Agreement  until the
conditions  specified in paragraph 4(B)(i) of the Employment Agreement have been
met.  Executive  shall also  execute a stock  power  agreement  with a Medallion
guaranteed  signature,  endorse in blank, a copy of which is attached  hereto as
Attachment  A, and  deposit it with the Escrow  Agent  until the  conditions  in
paragraph 4(B)(i) have been met or until the shares are forfeited a specified in
the Employment Agreement.

      2.  DISBURSEMENT OF ESCROW.

     2.1 DELIVERY OF ESCROW STOCK TO EXECUTIVE.  Provided that Executive has not
voluntarily terminated his employment or employment has not been terminated "for
cause" (as defined in paragraph  9D of the  Employment  Agreement)  prior to the
occurrence of the earliest event specified in paragraphs  4(b)(i)(a) through (f)
of the Employment Agreement, upon the occurrence of the earliest event specified
in the paragraph 4(b)(i)(a) through (f), of the Employment

                                  Page 12 of 27

Agreement  the  Escrow  Agent  shall  promptly  deliver to  Executive,  both the
certificate or  certificates  held by him in  Executive's  name and the executed
stock power agreement.

     2.2  CANCELLATION  OF ESCROW STOCK.  In the event Executive has voluntarily
terminated his employment or his employment has been  terminated "for cause" (as
defined in paragraph 9D of the Employment  Agreement) prior to the occurrence of
the  earliest  event  specified  in  paragraphs  4(b)(i)(a)  through  (f) of the
Employment  Agreement,  Escrow  Agent is  authorized  and  directed  to send the
executed stock power agreement with Medallion guaranteed signature,  endorsed in
blank, together with the stock certificate or certificates  evidencing ownership
of the 250,000 shares of the Company's  common stock,  $0.01 par value,  held by
Escrow  Agent in  Executive's  name to the  Transfer  Agent  and to  direct  the
Transfer Agent to cancel the Escrow Stock.

     2.3  CONTROVERSIES.  If any  controversy  arises between two or more of the
parties, or between any of the parties and any person not a party, as to whether
or not or to whom the Escrow  Agent  shall  deliver  the  Escrow or any  portion
thereof or as to any other  matter  arising  out of or  relating  to this Escrow
Agreement, the Escrow Agent shall not be required to determine the same and need
not make any  delivery of the Escrow  concerned  or any portion  thereof but may
retain the same until the rights of the parities to the dispute  shall have been
finally  determined  by agreement  or by final  judgment of a court of competent
jurisdiction  after all appeals  have been finally  determined  (or the time for
further  appeals has  expired  without an appeal  having been made).  The Escrow
Agent  shall  deliver  that  portion  of the  Escrow  concerned  covered by such
agreement or final order within five (5) days after the Escrow Agent  receives a
copy thereof.  The Escrow Agent shall assume that no such controversy has arisen
unless and until it receives  written  notice from the Company or the  Executive
that such controversy has arisen, which refers specifically to this Agreement

<PAGE>

and identifies the adverse claimants to the controversy.

     2.4  NO OTHER DISBURSEMENTS. No portion of the Escrow shall be disbursed or
otherwise transferred except in accordance with this Escrow Agreement.

     3.  ESCROW  AGRENT.  The  acceptance  by the  Escrow  Agent  of his  duties
hereunder is subject to the following terms and conditions, which the parties to
this Agreement hereby agree shall govern and control with respect to the rights,
duties, liabilities and immunities of the Escrow Agent:

     3.1 The  Escrow  Agent  shall not be  responsible  or liable in any  manner
whatever  for the  sufficiency,  correctness,  genuineness  or  validity  of any
property deposited with or held by him.

     3.2 The Escrow Agent shall be protected in acting upon any written  notice,
certificate,  instruction, request or other paper or document believed by him to
genuine and to have been signed or presented by the proper party or parties.

     3.3 The Escrow Agent shall not be liable for any act done hereunder  except
in the case of its willful misconduct or bad faith.

     3.4 The Escrow Agent shall not be obligated or permitted to investigate the
correctness  or accuracy  of any  document  or to  determine  whether or not the
signatures  contained in said documents are genuine or to require  documentation
or evidence substantiating any such document or signature.

     3.5 The Escrow  Agent  shall have no duties as Escrow  Agent  except  those
which are  expressly  set forth  herein,  and in any  modification  or amendment
hereof;  provided,  however, that no such modification or amendment hereof shall
affect its duties unless it shall have given its written  consent  thereto.  The
Escrow  Agent  shall not be  prohibited  from  owning an equity  interest in the
Company  or any  third  party  that is in any  way  affiliated  with or  conduct
business with the Company.

                                  Page 13 of 27

     3.6 The  company and the  Executive  acknowledge  that the Escrow  Agent is
practicing attorney and may have worked with the Company, the Stockholders,  the
Executive or affiliates of them on other unrelated  transactions,  and that they
and each of them has  specifically  requested  that the Escrow  Agent  draft the
documents for this  transaction and act as Escrow Agent.  Each party  represents
that the Escrow Agent draft the documents for this transaction and act as Escrow
Agent. Each party represents that it has retained legal and other counsel of its
choosing with respect to the transactions  contemplated  herein and is satisfied
in its sole discretion with the form and content of the documentation drafted by
the Escrow Agent.  The parties hereby waive any objection to the Escrow Agent so
acting based upon conflict of interest or lack of impartiality. The Escrow Agent
agrees to act impartially and in accordance with the terms of this Agreement and
with the parties' respective  instructions,  so long as they are not in conflict
with the terms of this Escrow Agreement.

     4.  TERMINATION.  This Agreement  shall terminate on the earlier of (a) the
date on which the certificate or certificates  for the 250,000 shares shall have
been transferred to Executive, or (b) the next business day after the expiration
of Executive's stock rights under paragraph 4B(i) of the Employment Agreement.

     5.   MISCELLANEOUS.

     5.1  INDEMNIFICATION OF ESCROW AGENT.

     (a) The Company and the Executive  each agree,  jointly and  severally,  to
indemnify  the Escrow  Agent for,  and to hold him  harmless  against,  any loss
incurred  without  willful  misconduct or bad faith on the Escrow  Agent's part,
arising  out of or in  connection  with the  administration  of this  Agreement,
including  the cost and  expenses  of  defending  himself  against  any claim or
liability in connection with the exercise or performance of any of its powers or

<PAGE>

duties hereunder. The indemnification shall not apply to a party with respect to
a direct claim  against the Escrow Agent by such party  alleging in good faith a
breach of this Escrow  Agreement  by the Escrow  Agent,  which claim result in a
final  non-appealable  judgment  against the Escrow  Agent with  respect to such
claim.

     (b)  In the  event  of  any  dispute  as to the  nature  of the  rights  or
obligations of the  Executive,  the Company or the Escrow Agent  hereunder,  the
Escrow Agent may at any time or from time to time interplead, deposit and/or pay
all or  any  part  of  the  Escrow  Account  with  or to a  court  of  competent
jurisdiction sitting in Philadelphia, Pennsylvania or in any appropriate federal
court, in accordance with the procedural  rules thereof.  The Escrow Agent shall
give  notice  of such  action  to the  Company  and  the  Executive.  Upon  such
interpleader,  deposit  or  payment,  the Escrow  Agent  shall  immediately  and
automatically  be  relieved  and  discharged  from all further  obligations  and
responsibilities hereunder, including the decision to interplead, deposit or pay
such funds.

     5.2 AMENDMENTS.  This Escrow Agreement may be modified or amended only by a
written instrument executed by each of the parties hereto.

     5.3 NOTICES.  All communications  required to be given under this agreement
to any party shall be sent by first class mail or facsimile to such party at the
address  listed  below or such  other  addresses  as shall be  specified  by the
parties by like notice.

     5.4 SUCCESSORS AND ASSIGNS.  This Escrow  Agreement shall bind and inure to
the benefit of the parties hereto and their  respective  successors and assigns;
provided,  however  that the Escrow Agent shall not assign its duties under this
Escrow Agreement.

     5.5  GOVERNING LAW. This Escrow Agreement shall be governed by and
construed and interpreted in accordance with the laws of the Commonwealth of
Pennsylvania.

     5.6  COUNTERPARTS.  This  Escrow  Agreement  may be executed in two or more
counterparts,  each of which  shall be an  original,  and all of which  together
shall constitute one and the same agreement.

                                  Page 14 of 27

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

-----------------------------              ------------------------------
Executive - David A. Gust                  MegaMedia Networks, Inc.,
13543 Banana Bay Drive                     By William A. Mobley, Jr., President
Winter Garden, Florida 34787               57 West Pine Street
                                           Orlando, Florida 32801

ESCROW AGENT:

Christopher P. Flannery, Esq.
Astor Weiss, Kaplan, Watters & Strong, LLP
The Belleveue, 6th Floor
Broad Street at Walnut
Philadelphia, PA 19103

                                  Page 15 of 27

<PAGE>

                                   STOCK POWER

                                  ATTACHMENT A

For full and  adequate  consideration  received,  David A. Gust,  hereby  sells,
assigns,  and  transfers  to  MEGAMEDIA  NETWORKS,  INC.,  Two Hundred and Fifty
Thousand  (250,000)  shares  of  legend  restricted  common  stock of  MegaMedia
Networks, Inc., now registered in the name of David A. Gust, on the books of the
Corporation,  Certificate  # ________  and hereby  irrevocably  constitutes  and
appoints Atlas Stock Transfer Company, or its successors,  agent and attorney to
transfer the aforesaid stock on the books of the Corporation, with full power of
substitution in the premises.

Dated:___________________.

-------------------------
David A. Gust

-------------------------
SIGNATURE MEDALLION GUARANTEED

                                  Page 16 of 27

                                    EXHIBIT B

                             STOCK OPTION AGREEMENT

     STOCK OPTION AGREEMENT as of January 10, 2000, by and between MegaMedia
Networks, Inc. (the "Company"), and David A. Gust, (the "Optionee").

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

     In consideration  for the Optionee signing an Employment  Agreement of even
date herewith (the  "Employment  Agreement") with the Company and for other good
and valuable consideration, receipt of which is hereby acknowledged, the company
hereby  grants the Optionee the option to acquire  shares or the common stock of
the Company upon the following terms and conditions:

1.   GRANT OF OPTION

     A.   The Company  hereby  grants to the  Optionee the right and option (the
          "Option")  to  purchase  up to 200,000  fully paid and  non-assessable
          shares of Common  Stock par value $.01 per share of the  Company  (the
          "Shares"), subject to the vesting provisions described below.

     B.   This Option shall vest in Executive on the earliest to occur of the
          following:

          (i)   On January 9, 2002,  provided that Executive remains employed by
                Company, a parent or subsidiary corporation of Company; or

          (ii)  Upon  termination of Executive's  employment by Company  without
                "Cause" as defined in paragraph 9D of the  Employment  Agreement
                prior to January 9, 2002; or

          (iii) Upon  Executive's  voluntary  termination  of his employment for
                "Constructive   Discharge"  as  defined   paragraph  9C  of  the
                Employment Agreement, prior to January 9, 2002; or

          (iv)  A "change in control" of the Company,  prior to January 9, 2002.
                A "change in control"  of the Company  shall be defined as (i) a
                sale,  purchase,  merger  or other  business  combination  which
                results in transfer to a third party of an ownership interest of
                greater than 50% of the company or any  successor  entity to the
                Company,   (ii)  a  sale  or   other   disposition   of  all  or
                substantially all of the Company's assets, or (iii) election by

<PAGE>

                the shareholders of the Company of persons to serve as directors
                of the Company,  comprising  more than one-half  (1/2) the total
                number  of   directors,   persons  who  were  not  nominated  or
                recommended to the shareholders for election as directors by the
                Board's nominating committee.

     C.   The date on which the Option vest under this paragraph shall be know
          as the "Vesting Date".

     D.   The Option once vested, may be exercised during the period ("Option
          Period") commencing on the Vesting Date and expiring at 5:00 p.m.
          Eastern Standard Time on the date that is exactly ten (10) years after
          the Vesting Date. For example, if the Vesting Date is January 9, 2002,
          the Option Period shall expire at 5:00 p.m. on January 9, 2012. Upon
          expiration of the Option Period the Optionee shall have no further
          right to purchase any shares not then purchased. The Company shall at
          all times during the Option Period have available such number of
          Shares as will be sufficient to satisfy the Option.

     E.   It is not  intended  that these  Options  qualify as  Incentive  Stock
          Options  within the meaning of Section  422A of the  Internal  Revenue
          Code of 1986, as amended (the "Code").

2.   EXERCISE PRICE

                                  Page 17 of 27

     The  exercise  price of the Option (the  "Exercise  Price")  shall be Three
     Dollars ($3.00) per Share,  and shall be payable by certified or bank check
     payable  to the order of the  Company  at the time of the  exercise.  As an
     alternative, Optionee may present Shares already owned by the Optionee with
     a market  value  at least  equal  to the  aggregate  Exercise  Price of the
     Options which Optionee seeks to exercise.

3.   EXERCISE OF OPTION

     The  Optionee may  exercise  this Option in whole or in part,  by providing
     notice to the Company,  in the form attached as Exhibit A, by registered or
     certified mail, return receipt requested,  or by overnight mail or personal
     delivery, addressed to its principal office, signed by Optionee, indicating
     the number of Options  which he desires to  exercise.  The notice  shall be
     accompanied  by payment of the  Exercise  Price as specified in Paragraph 2
     above. As soon as practicable after the receipt of such notice of exercise,
     the  Company  shall  cause  the  Company's  transfer  agent to issue to the
     Optionee  certificates  issued in the Optionee's name evidencing the Shares
     purchased by the Optionee.

4.   DEATH OF OPTIONEE

     In the event of the death of the Optionee,  any unexercised  portion of his
     Option shall be exercisable (to the extent that such Option was exercisable
     at the time of his death) for one hundred  and twenty  (120) days after the
     Optionee's  death only by his  personal  representative  or such persons to
     whom the deceased Optionee's rights shall pass under the Optionee's will or
     by the laws of descent and distribution.

5.   NON-TRANSFERABILITY OF OPTION

     The Optionee may not give,  grant,  sell  exchange,  transfer  legal title,
     pledge,  assign or  otherwise  encumber  or  dispose  of the  Option or any
     interest  therein,  otherwise  than  by will or the  laws  of  descent  and
     distribution and, except as provided in this paragraph and paragraph 4, the
     Option shall be  exercisable  only by the Optionee.  Upon any attempt to so
     transfer the Option,  or upon the levy or attachment or similar  process of
     the Option, the Option shall automatically become null and void.

<PAGE>

6.   RESTRICTION ON ISSUANCE OF SHARES - INVESTMENT REPRESENTATION

     By accepting  the Option,  the Optionee  agrees for himself,  his heirs and
     legatees that any and all Shares  purchased upon the exercise of the Option
     shall be  acquired  for  investment  and not for  distribution.  All shares
     acquired by Executive  under these  provisions will be subject to statutory
     restrictions,  registration  and to such lockup  agreements  as Company may
     reasonably  require of its  executives.  Upon the issuance of any or all of
     the Shares  subject to the Option,  the  Company,  in its  discretion,  may
     require the  Optionee,  or his heirs or legatees  receiving  such Shares to
     deliver to the company a representation in writing,  in a form satisfactory
     to the Board of  Directors,  that such  Shares are being  acquired  in good
     faith for  investment  and not for  distribution.  The  Company may place a
     "stop  transfer"  order with respect to such Shares with its transfer agent
     and will place and  appropriate  restrictive  legend on the  certificate(s)
     evidencing  such Shares.  The Company agrees to register the Shares as part
     of any Form  S-8  registration  by the  Company  for so long as any  Shares
     subject to Options remain outstanding.

7.   ADJUSTMENTS UPON CHANGES IN CAPITALIZATION

     A.   The Stock Option referenced herein shall not be subject to any
          dilution as to percentage of ownership that may be from time to time
          be appropriately approved und undertaken by the company and that is
          applicable to all issued and outstanding stock of the Company. In the
          event that the outstanding shares are changed into or exchanged for a
          different number or kind of shares or securities of the Company, or of
          any other corporation, by reason of reorganization, merger, or other
          subdivision, consolidation. Recapitalization, reclassification, stock
          split, stock divided or combination of shares or similar event, the
          Company shall make an appropriate

                                  Page 18 of 27

          and equitable  adjustment to the Stock Option or to the Purchase Price
          so that  Executive's  Proportionate  interest  shall be  maintained as
          before the occurrence of such event to the maximum extent possible.

     B.   Any adjustment in the number of Shares shall apply  proportionately to
          only the then unexercised  portion of the Option. If fractional Shares
          would result from any such adjustment, the adjustment shall be revised
          to the next higher whole number.

8.   NO RIGHTS AS STOCKHOLDER

     The Optionee  shall have no rights as a  stockholder  in Shares as to which
     the Option has not been exercised.

9.   TAXES

     The Company may make such  provisions  as it may deem  appropriate  for the
     withholding of any taxes which it determines is required in connection with
     the exercise of the Option granted hereby.  The Company may further require
     notification  from the Optionee  upon any  disposition  of Shares  acquired
     pursuant to the exercise of the Options granted hereunder.

10.  BINDING EFFECT

     Except as herein  otherwise  expressly  provided,  this Agreement  shall be
     binding  upon and shall inure to the benefit of the parties  hereto,  their
     legal representatives and assigns.

11.  GOVERNING LAW

     This Agreement shall be governed by and construed in accordance with the

<PAGE>

     laws of the State of Florida applicable to agreement made and to be
     performed wholly within the State of Florida

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

----------------------------------        ------------------------------
Witness:__________________________        MegaMedia Networks, Inc.
                                          By William A. Mobley, Jr., President

----------------------------------        ------------------------------
Witness:__________________________        Optionee:_____________________

                                  Page 19 of 27

                                  EXERCISE FORM

          (To be Executed If Optionee Desires to Exercise the Options)

TO:  MegaMedia Networks, Inc.

     The  undersigned,  being the  Optionee of certain  options  ("Options")  to
purchase shares of common stock of MegaMedia  Networks,  Inc. (the "Company" and
the  "Shares"),  under the  conditions  thereof,  hereby  exercises  Options  to
purchase  Shares  evidenced by the within Option  Agreement,  and Herewith makes
payment of the exercise price in full in cash or  immediately  available fund or
by delivery of shares already owned by the Optionee with a market value at least
equal to the  aggregate  exercise  price  due.  Kindly  issue all  Shares to the
undersigned  and deliver them to the undersigned at the address stated below. If
such  number of  Shares  shall not be all of the  Shares  purchasable  under the
within Option  Agreement,  please issue a new Option Agreement of like tenor for
the balance of the remaining Shares purchasable hereunder to be delivered to the
undersigned at the address stated below.

     By signing below,  the Undersigned  acknowledges  that he has received such
financial and other information to his satisfaction  regarding the Company as he
requires to make an informed  investment  decision.  The Undersigned has had the
opportunity to ask questions and receive answers from the Company  regarding the
Shares and the Company.  The Undersigned  further  acknowledges that he is aware
that  the  Shares  issued  pursuant  to this  exercise  may be  restricted  from
transfer.

                                         Name_________________________
                                             (Please Print)

                                         Address______________________

                                         Signature____________________

Dated__________________

                                  Page 20 of 27

                                    EXHIBIT C

                             STOCK OPTION AGREEMENT

     STOCK OPTION AGREEMENT as of January 10, 2000, by and between MegaMedia
Networks, Inc. (the "Company"), and David A. Gust, (the "Optionee").

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

     In consideration  for the Optionee signing an Employment  Agreement of even
date herewith (the  "Employment  Agreement") with the Company and for other good
and valuable consideration, receipt of which is hereby acknowledged, the company

<PAGE>

hereby  grants the Optionee the option to acquire  shares or the common stock of
the Company upon the following terms and conditions:

1.  GRANT OF OPTION

     F.   The Company  hereby  grants to the  Optionee the right and option (the
          "Option")  to  purchase  up to 200,000  fully paid and  non-assessable
          shares of Common  Stock par value $.01 per share of the  Company  (the
          "Shares"), subject to the vesting provisions described below.

     G.   This Option shall vest in Executive on the earliest to occur of the
          following:

          (i)   On January 9, 2002,  provided that Executive remains employed by
                Company, a parent or subsidiary corporation of Company; or

          (ii)  Upon  termination of Executive's  employment by Company  without
                "Cause" as defined in paragraph 9D of the  Employment  Agreement
                prior to January 9, 2002; or

          (iii) Upon  Executive's  voluntary  termination  of his employment for
                "Constructive   Discharge"  as  defined   paragraph  9C  of  the
                Employment Agreement, prior to January 9, 2002; or

          (iv)  A "change in control" of the Company,  prior to January 9, 2003.
                A "change in control"  of the Company  shall be defined as (i) a
                sale,  purchase,  merger  or other  business  combination  which
                results in transfer to a third party of an ownership interest of
                greater than 50% of the company or any  successor  entity to the
                Company,   (ii)  a  sale  or   other   disposition   of  all  or
                substantially  all of the Company's assets, or (iii) election by
                the shareholders of the Company of persons to serve as directors
                of the Company,  comprising  more than one-half  (1/2) the total
                number  of   directors,   persons  who  were  not  nominated  or
                recommended to the shareholders for election as directors by the
                Board's nominating committee.

     H.   The date on which the Option vest under this paragraph shall be know
          as the "Vesting Date".

     I.   The Option once vested, may be exercised during the period ("Option
          Period") commencing on the Vesting Date and expiring at 5:00 p.m.
          Eastern Standard Time on the date that is exactly ten (10) years after
          the Vesting Date. For example, if the Vesting Date is January 9, 2003,
          the Option Period shall expire at 5:00 p.m. on January 9, 2013. Upon
          expiration of the Option Period the Optionee shall have no further
          right to purchase any shares not then purchased. The Company shall at
          all times during the Option Period have available such number of
          Shares as will be sufficient to satisfy the Option.

     J.   It is not  intended  that these  Options  qualify as  Incentive  Stock
          Options  within the meaning of Section  422A of the  Internal  Revenue
          Code of 1986, as amended (the "Code").

2.   EXERCISE PRICE

                                  Page 21 of 27

     The  exercise  price of the Option (the  "Exercise  Price")  shall be Three
     Dollars ($4.50) per Share,  and shall be payable by certified or bank check
     payable  to the order of the  Company  at the time of the  exercise.  As an
     alternative, Optionee may present Shares already owned by the Optionee with
     a market  value  at least  equal  to the  aggregate  Exercise  Price of the
     Options which Optionee seeks to exercise.

3.   EXERCISE OF OPTION

<PAGE>

     The  Optionee may  exercise  this Option in whole or in part,  by providing
     notice to the Company,  in the form attached as Exhibit A, by registered or
     certified mail, return receipt requested,  or by overnight mail or personal
     delivery, addressed to its principal office, signed by Optionee, indicating
     the number of Options  which he desires to  exercise.  The notice  shall be
     accompanied  by payment of the  Exercise  Price as specified in Paragraph 2
     above. As soon as practicable after the receipt of such notice of exercise,
     the  Company  shall  cause  the  Company's  transfer  agent to issue to the
     Optionee  certificates  issued in the Optionee's name evidencing the Shares
     purchased by the Optionee.

4.   DEATH OF OPTIONEE

     In the event of the death of the Optionee,  any unexercised  portion of his
     Option shall be exercisable (to the extent that such Option was exercisable
     at the time of his death) for one hundred  and twenty  (120) days after the
     Optionee's  death only by his  personal  representative  or such persons to
     whom the deceased Optionee's rights shall pass under the Optionee's will or
     by the laws of descent and distribution.

5.   NON-TRANSFERABILITY OF OPTION

     The Optionee may not give,  grant,  sell  exchange,  transfer  legal title,
     pledge,  assign or  otherwise  encumber  or  dispose  of the  Option or any
     interest  therein,  otherwise  than  by will or the  laws  of  descent  and
     distribution and, except as provided in this paragraph and paragraph 4, the
     Option shall be  exercisable  only by the Optionee.  Upon any attempt to so
     transfer the Option,  or upon the levy or attachment or similar  process of
     the Option, the Option shall automatically become null and void.

6.   RESTRICTION ON ISSUANCE OF SHARES - INVESTMENT REPRESENTATION

     By accepting  the Option,  the Optionee  agrees for himself,  his heirs and
     legatees that any and all Shares  purchased upon the exercise of the Option
     shall be  acquired  for  investment  and not for  distribution.  All shares
     acquired by Executive  under these  provisions will be subject to statutory
     restrictions,  registration  and to such lockup  agreements  as Company may
     reasonably  require of its  executives.  Upon the issuance of any or all of
     the Shares  subject to the Option,  the  Company,  in its  discretion,  may
     require the  Optionee,  or his heirs or legatees  receiving  such Shares to
     deliver to the company a representation in writing,  in a form satisfactory
     to the Board of  Directors,  that such  Shares are being  acquired  in good
     faith for  investment  and not for  distribution.  The  Company may place a
     "stop  transfer"  order with respect to such Shares with its transfer agent
     and will place and  appropriate  restrictive  legend on the  certificate(s)
     evidencing  such Shares.  The Company agrees to register the Shares as part
     of any Form  S-8  registration  by the  Company  for so long as any  Shares
     subject to Options remain outstanding.

7.   ADJUSTMENTS UPON CHANGES IN CAPITALIZATION

     C.   The Stock Option referenced herein shall not be subject to any
          dilution as to percentage of ownership that may be from time to time
          be appropriately approved und undertaken by the company and that is
          applicable to all issued and outstanding stock of the Company. In the
          event that the outstanding shares are changed into or exchanged for a
          different number or kind of shares or securities of the Company, or of
          any other corporation, by reason of reorganization, merger, or other
          subdivision, consolidation. Recapitalization, reclassification, stock
          split, stock divided or combination of shares or similar event, the
          Company shall make an appropriate

                                  Page 22 of 27

          and equitable adjustment to the Stock Option or to the Purchase Price

<PAGE>

          so that  Executive's  Proportionate  interest  shall be  maintained as
          before the occurrence of such event to the maximum extent possible.

     D.   Any adjustment in the number of Shares shall apply  proportionately to
          only the then unexercised  portion of the Option. If fractional Shares
          would result from any such adjustment, the adjustment shall be revised
          to the next higher whole number.

12.  NO RIGHTS AS STOCKHOLDER

     The Optionee  shall have no rights as a  stockholder  in Shares as to which
     the Option has not been exercised.

13.  TAXES

     The Company may make such  provisions  as it may deem  appropriate  for the
     withholding of any taxes which it determines is required in connection with
     the exercise of the Option granted hereby.  The Company may further require
     notification  from the Optionee  upon any  disposition  of Shares  acquired
     pursuant to the exercise of the Options granted hereunder.

14.  BINDING EFFECT

     Except as herein  otherwise  expressly  provided,  this Agreement  shall be
     binding  upon and shall inure to the benefit of the parties  hereto,  their
     legal representatives and assigns.

15.  GOVERNING LAW

     This  Agreement  shall be governed by and construed in accordance  with the
     laws of the  State  of  Florida  applicable  to  agreement  made  and to be
     performed wholly within the State of Florida

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

----------------------------------        ------------------------------
Witness:__________________________        MegaMedia Networks, Inc.
                                          By William A. Mobley, Jr., President

----------------------------------        ------------------------------
Witness:__________________________        Optionee:_____________________

                                  Page 23 of 27

                                  EXERCISE FORM

          (To be Executed If Optionee Desires to Exercise the Options)

TO:  MegaMedia Networks, Inc.

     The  undersigned,  being the  Optionee of certain  options  ("Options")  to
purchase shares of common stock of MegaMedia  Networks,  Inc. (the "Company" and
the  "Shares"),  under the  conditions  thereof,  hereby  exercises  Options  to
purchase  Shares  evidenced by the within Option  Agreement,  and Herewith makes
payment of the exercise price in full in cash or  immediately  available fund or
by delivery of shares already owned by the Optionee with a market value at least
equal to the  aggregate  exercise  price  due.  Kindly  issue all  Shares to the
undersigned  and deliver them to the undersigned at the address stated below. If
such  number of  Shares  shall not be all of the  Shares  purchasable  under the
within Option  Agreement,  please issue a new Option Agreement of like tenor for
the balance of the remaining Shares purchasable hereunder to be delivered to the
undersigned at the address stated below.

<PAGE>

     By signing below,  the Undersigned  acknowledges  that he has received such
financial and other information to his satisfaction  regarding the Company as he
requires to make an informed  investment  decision.  The Undersigned has had the
opportunity to ask questions and receive answers from the Company  regarding the
Shares and the Company.  The Undersigned  further  acknowledges that he is aware
that  the  Shares  issued  pursuant  to this  exercise  may be  restricted  from
transfer.

                                        Name______________________
                                            (Please Print)

                                        Address___________________

                                        Signature_________________

Dated______________

                                  Page 24 of 27

                                VOTING AGREEMENT

                                    EXHIBIT D

     THIS VOTING AGREEMENT is made and entered into this_____ day of March,
2000, by and among David A. Gust ("Executive"), William A. Mobley, Jr.
("Mobley"), Harry Timmons ("Timmons"), NextTraffic, Inc. ("NextTraffic"), David
Marshlack ("Marshlack") and Mark R. Dolan, Esq. ("Dolan") (Mobley, Timmons,
NextTraffic, Marshlack and Dolan are referred to collectively as the
"Stockholders").

BACKGROUND

     The Stockholders  collectively own over 50% of the outstanding common stock
of MegaMedia Networks, Inc. (the "Company").  In consideration for the Executive
agreeing  to become an  executive  employee  with the  Company,  and in order to
preserve  stability  and  ensure  competent   management  of  the  Company,  the
Stockholders  desire to enter  into a voting  agreement  for the voting of their
shares of Common Stock of the Company (the "Voting Agreement").

     NOW,  THEREFORE,  for and in  consideration  of the  mutual  covenants  and
agreements hereinafter contained and for other good and valuable  consideration,
the receipt and sufficiency of which is hereby acknowledged, and intending to be
legally bound, the parties agree as follows:

Section 1. Ownership of Shares. The Stockholders represent and warrant that they
beneficially  own or  control  the  voting of more  than 50% of the  outstanding
common stock of the company on the date of this Voting  Agreement.  Such shares,
including any and all additional  shares of Common Stock of the Company acquired
by any of the Stockholders are referred to herein as the "Shares".  In addition,
Mobley and Timmons  represent  and warrant that they are members of the Board of
Directors of the Company.

Section 2. Additional Shares. The Stockholders may buy additional Shares or sell
Shares.  Any additional Shares owned by any of the Stockholders  during the term
of this Voting  Agreement will become subject to this Voting  Agreement.  Shares
sold by any of the  Stockholders  in brokers'  transactions or to persons owning
less than 1% of the  outstanding  common  stock of the Company will no longer be
subject to this Voting Agreement.

Section 3. Agreement. The parties will file a copy of this Voting Agreement with
the corporate secretary of the Company.

Section  4.  Voting  of  Shares.  From the date of this  Voting  Agreement,  the
Stockholders  agree to vote for the  Executive  to have a seat on the  Company's
Board of Directors for as long as Executive  remains an employee of the Company.
Mobley and Timmons agree to nominate Executive to fill a vacant position on the

<PAGE>

Board of Directors  effective the next scheduled  meeting of the Company's Board
of  Directors,   and  to  nominate  Executive  for  election  by  the  Company's
stockholders at each annual meeting of stockholders  for so long as Executive is
employed by Company.

Section 5.  Reorganization of the Company. In case the Company is merged into or
consolidated with another corporation, or all or substantially all of the assets
of the Company are transferred to another corporation,  or all of the Shares are
acquired  by  another  corporation  pursuant  to a plan  of  exchange,  then  in
connection  with such  transfer  the term  "Company"  for all  purposes  of this
Agreement  shall be taken to include such  successor  corporation,  and the term
"Shares" shall be taken to include the voting stock of such  corporation  issued
to the  Stockholders  pursuant  to such  merger,  consolidation,  sale or  share
exchange.  The term  "Shares"  shall also  include  the shares of capital of the
Company  issued in  connection  with any stock  split,  stock  dividend or other
recapitalization of the Company.

Section 6. Term. The term of this Agreement shall commence on March 1, 2000, and
shall  continue for as long as  Executive is an employee of the Company,  unless
terminated sooner in writing signed by the Executive.

Section 7.  Successors.  The term of this  Agreement  shall be binding  upon and
inure to the benefit of the heirs,  executors,  administrators,  successors  and
assigns of the Stockholders,  except for Shares sold in Broker's transactions to
persons owning less than 1% of the outstanding Common Stock of the Company.

                                  Page 25 of 27

Section 8.  Enforceability.  The Stockholders  agree that upon execution of this
voting  Agreement,  this voting  Agreement shall be specifically  enforceable by
Executive  in a court  of  competent  jurisdiction,  which  remedy  shall  be in
addition to and not exclusive to any other remedies that may be available to him
at law or in equity.

Section 9. Place of Performance.  This Voting Agreement is made,  executed,  and
entered into at Orlando,  Florida and it is mutually agreed that the performance
of all parts of this contract shall be in Orange County, Florida. This Agreement
shall be  construed  and  enforced  in  accordance  with the law of the State of
Florida.  The  appropriate  state or federal  courts  located in Orange  County,
Florida shall have venue over all matters  arising  under this Voting  Agreement
and will be the proper forums in which to adjudicate such matters.

Section 10. Amendments.  No change,  modification,  or termination of any of the
terms  provisions  or  conditions  of this Voting  Agreement  shall be effective
unless made in writing and signed by all signatories to this Voting Agreement.

Section 11. Counterparts. This Voting "Agreement may be executed in one or more
counterparts, all of which taken together shall constitute one and the same
instrument.

Section 12.  Severability.  If any term or  provision  of this Voting  Agreement
shall be held to be  invalid  or  unenforceable  for any  reason,  such  term or
provision   shall  be   ineffective   to  the  extent  of  such   invalidity  or
unenforceability without invalidating the other terms and provisions hereof, and
this Voting  Agreement  shall be construed  as if such invalid or  unenforceable
term or provision had not been contained herein.

IN WITNESS WHEREOF,  the parties hereto have duly executed this Voting Agreement
and duly  delivered  the same or caused the same to be duly  delivered  on their
behalf on the date first above written.

-----------------------                      -----------------------
Executive                                    Harry Timmons

<PAGE>

-----------------------                      -----------------------
William A. Mobley, Jr.                       David G. Marshlack

-----------------------                      -----------------------
NextTraffic, Inc.                            Mark R. Dolan
By:_______________________
Its:______________________

                                  Page 26 of 27

                             DESCRIPTION OF BUSINESS

                                    EXHIBIT E

MegaMedia Networks,  Inc. is a global internet entertainment portal specializing
in commercial  "on-demand"  selection and delivery of  high-quality  programming
including,  but not limited to: movies, music, television and sports.  MegaMedia
Networks  markets and  distributes  entertainment  content to consumers on a per
view,  subscription,  membership,  or free  basis;  builds  one-to-one  customer
intimacy  marketing  profiles to enhance  revenues;  offers targeted and general
merchandise,   services  and   advertising   to  consumers;   builds   corporate
relationships in the form of sponsor and strategic alliance programs;

MegaMedia  Networks  engages in several  critical  areas of activity  including:
content  acquisition through purchase,  partnerships,  Licensing and production;
encoding of content into such form as may be transmitted  through  electronic of
wireless distribution networks; organization,  development and presentation of a
compelling consumer-oriented site or sites incorporating marketing, advertising,
sales and merchandising  targeted to individual and broad consumer  preferences;
commercial  fulfillment,  packaging and  shipping;  and design,  assemblage  and
operation of technical hardware and software platforms suitable for the delivery
of all aspects of MegaMedia Networks content  monetization  program and consumer
monetization  program briefly  described above  including  hosting,  serving and
distribution through global digital transmission networks.

----------------------------             -----------------------------
Executive - David A. Gust                MegaMedia Networks, Inc.,
13543 Banana Bay Drive                   By William A. Mobley, Jr., President
Winter Garden, Florida 34787             57 West Pine Street
                                         Orlando, Florida 32801

                                  Page 27 of 27Document is copied.

                              EMPLOYMENT AGREEMENT

     This  Employment  Agreement (the  "Agreement"),  dated as of the 7th day of
February,   2000,  is  entered  into  between  MegaMedia  Networks,  Inc.,  (the
"Company"), and Steve H. Noble, III, (the "Executive").

                                     RECITAL

WHEREAS,  the Company desires to employ the Executive and the Executive  desires
to be employed by the Company upon the terms and subject to the  conditions  set
forth in this Agreement.

NOW THEREFORE,  in  consideration  of the Recital and of the mutual promises set
forth in this Agreement, the company and the Executive agree as follows:

                                    AGREEMENT

1.   EMPLOYMENT. The Company employs the Executive as the Chief Financial
Officer and as CFO he shall report directly to the CEO and the Chief financial
Officer's responsibilities will include, but not be limited to the following:

     A.   Direct and certify the financial reporting of the company in
          accordance with generally accepted accounting principles, federal,
          stated and other regulatory rules.
     B.   Oversee the integrity of the accounting, financial and strategic
          information systems of the business including supporting internal
          controls and internal audit procedures.
     C.   Oversee development of effective and efficient policies and procedures
          for governance/recording of all transactions, expenditures and
          expenses of the company.
     D.   Promptly and  accurately  file all necessary  reports,  tax documents,
          regulatory compliance and other communications to appropriate federal,
          stated,  SEC and local authorities as required by regulation,  law, or
          customary practice.

     E.   Participate in the development of sound corporate growth strategic
          business plans of the company.
     F.   Direct the preparation of all periodic, monthly, annual and strategic
          business plans of the company.
     G.   Review all capital budgets.
     H.   Analyze and review corporate  growth  initiatives  including  possible
          mergers and acquisitions,  public stock offerings, debt financing, and
          other capital structure options.

     I.   Manage all investment community/constituent relations including
          investment banking, analyst, media and shareholder groups.
     J.   Direct all treasury functions of the company to maintain an optimal
          capital structure necessary to meet company needs.
     K.   Direct all banking relationships, investment relationships and cash
          management policies.
     L.   Manage any and all external audit requirements of the company.
     M.   Oversee all areas of insurance and risk administration for the
          company.
     N.   Oversee the Human Resources functions of the company including
          analysis of employee benefits plans and compliance with applicable
          labor laws.
     O.   Manager the administrative functions of the company including
          purchasing, occupancy, transaction processing and other functions as
          may be delegated from time to time.
     P.   Provide sound leadership, management and training to all supporting
          staff.
     Q.   Develop  and   maintain  a   world-call   finance,   accounting,   and
          administrative  team  capable  of  delivering   competitive  advantage
          through superior quality of information and analytical capabilities.

     R.   Contribute as a productive, collegial member of the executive
          management team working in a cooperative and positive fashion with the
          other executives of the company.

<PAGE>

     Executive hereby accepts such employment, upon the terms and subject to the
     conditions set forth in this Agreement.

                                  Page 1 of 22

2.   TERM.  The  term of this  Agreement  shall be three  years,  commencing  on
     February 7th, 2000, and ending three  calendar  years  thereafter.  Nothing
     herein  shall be  construed  as to limit in any  manner  the  rights of the
     parties  hereto to  terminate  Executive's  employment  with the company in
     accordance with the provisions for termination  and for  compensation  upon
     termination that are contained herein.

3.   DUTIES. During the term of this Agreement,  subject to the direction of the
     Board  of  Directors  of the  Company,  the  Executive  shall  serve in the
     capacities  set forth in Section 1 hereof.  The Executive  shall devote his
     full  business time and energies to the business and affairs of the Company
     and shall  use his best  efforts,  skills  and  abilities  to  promote  the
     interests  of the Company and to  diligently  and  competently  perform his
     duties.

4.   COMPENSATION, STOCK OPTION AND BENEFITS:

     A.   Executive Compensation. Commencing with the start of employment
          pursuant to this Agreement, Executive shall receive an annual salary
          of one hundred forty-five thousand dollars ($145,000) to be paid in
          equal installments in accordance with the Company's usual and
          customary payroll practices as in force from time to time, but not
          less than monthly. Executive shall also be entitled to participate in
          the executive bonus program as that Program may be in force and
          determined from time to time by the Company's Board of Directors and
          its Compensation Committee.

     B.   Stock Options.

          i.    Upon  execution of this  Agreement,  the Company shall issued to
                Executive three Stock Option Agreements as set forth in Exhibits
                A, B, C, attached here to and incorporated  herein by reference,
                providing Executive conditional rights to purchase up to 350,000
                shares  of  fully  paid,  non-assessable  common  stock  of  the
                Company.

          ii.   Promptly upon Executive's vesting of stock option rights as
                provided in the Stock Option Agreements, the Company shall
                provide Executive with a Notice of Vesting confirming such
                vesting of option rights. The Notice of Vesting shall set forth
                the date of vesting, the number, exercise price and term of the
                option rights that have vested in Executive. The stock that is
                subject to the purchase rights and options referenced herein
                shall not be subject to any dilution as to percentage of
                ownership, that differs from any dilution of percentage of
                ownership that may be from time to time be appropriately
                approved and undertaken by the Company and that is applicable to
                all issued and outstanding stock of the Company. Executive shall
                also be entitled to participate in the Employer's standard stock
                option and benefit programs as may be generally available to
                Executives, including 401-k programs. All shares acquired by
                Executive under these provisions will be subject to statutory
                restrictions, registration and lockup agreements as Employer may
                reasonably require of its Executives.

     C.   Benefits: During the term of this Agreement, the Executive shall be
          entitled to participate in or benefit from, in accordance with the
          eligibility and other provisions thereof such medical, insurance,
          pension, retirement, life insurance, profit sharing and other fringe
          benefit plans or policies as the company may make available to, or

<PAGE>

          have in  effect  for,  its other  senior  executives  and  Executive's
          participation  shall  not be less  that  that of any  other  executive
          officer of the Company.  The Company retains the right to terminate or
          alter any such plans or policies from time to time.  Participation  of
          Executive's  family  in  medical  insurance  plans may be  elected  at
          Executive's expense.

                                  Page 2 of 22

     D.   Reimbursement of Business Expenses: During the term of this Agreement,
          upon submission of appropriate supporting documentation, the Executive
          shall  be  reimbursed  by the  Company  for  all  reasonable  business
          expenses actually and necessarily  incurred by the Executive on behalf
          of the Company in connection  with the  performance  of services under
          this Agreement.

     E.   Reimbursement of Other Expenses: During the term of this Agreement,
          the Executive shall receive an auto allowance of $400.00 per month and
          shall participate in any other reimbursements (i.e. cellular phone,
          pager, etc.) offered to other senior executives at a level that shall
          not be less than that of any other executive officer of the Company.

     F.   Vacation: During the term of this Agreement Executive shall be
          eligible for fifteen (15)-business days paid vacation per year.
          Vacation days are not cumulative and will not carry over from year to
          year.

     G.   Sick Leave: Executive will be eligible for 5 (five) paid sick days per
          year. Paid sick days can be used for any purpose during the employment
          year. Sick days are not cumulative and will not carry over from year
          to year.

     H.   Temporary Housing Allowance. The Company agrees that for a period of
          three (3) months, commencing on February 7, 2000, Company shall pay to
          Executive one thousand dollars ($1,000.00) per month as a temporary
          housing allowance.

5.   REPRESENTATION OF EXECUTIVE: The Executive represents and warrants that he
     is not a party to, or bound by, any agreement or commitment, or subject to
     any restriction, including but not limited to agreements related to
     previous employment containing confidentiality or non-compete covenants,
     which in the future may have a possibility of adversely affecting or
     interfering with the business of the Company, the full performance by the
     Executive of his duties under this Agreement or the exercise of his best
     efforts hereunder.

6.   CONFIDENTIALITY:

     A.   Confidential Information. The Executive acknowledges that as a result
          of his employment with the Company, the Executive will have knowledge
          of and access to, all proprietary and confidential information of the
          company, including, without limitation, all "Confidential Information"
          (as defined herein), and that such information, even though it may be
          contributed, developed or acquired by the Executive, and whether or
          not the foregoing information is actually novel or unique, constitute
          valuable assets of the Company developed at great expense which are
          the exclusive property of the company or its affiliates. Accordingly,
          the Executive shall not, at any time, either during or subsequent to
          the terms of this Agreement, use, revel, report, publish, transfer or
          otherwise disclose to any person, corporation or other entity (a
          "person"), any of the Confidential Information without the prior
          written consent of the Company's Board of Director's, except to
          appropriate officers and executives of the Company and other
          appropriate persons who are in a contractual or fiduciary relationship
          with the company and who have a need for such information for purposes
          in the best interests of the company, and except for such information

<PAGE>

          which is or becomes generally  available to the public other than as a
          result of an unauthorized disclosure by the Executive. As used in this
          Agreement,  "Confidential Information" shall mean any and all studies,
          plans, reports, surveys, analysis, sketches, drawings, specifications,
          notes, records, memoranda, computer-generated data, computer programs,
          algorithms,   or  documents,  and  all  other  non-public  information
          relating to the business activities of the Company, including, without
          limitation, all methods, processes,  techniques,  equipment,  research
          data,  experiments,  marketing and sales information,  personnel data,
          customer  lists,  pricing  data,  executive  lists,   supplier  lists,
          merchandising  systems,  financial data,  trade secrets,  and the like
          which  presently  or,  in the  future,  are in the  possession  of the
          Company.  Said  Confidential  Information  may be in  either  human or
          computer readable form, including,

                                  Page 3 of 22

     B.   but not limited to, software, source code, hex code, or any other
          form. Confidential Information shall not include any information that
          is available to the general public or that is generally know or
          available in the industry.

     C.   Return  of  Confidential  Information.  Upon  the  termination  of the
          Executive's  employment with the Company, the Executive shall promptly
          deliver to the Company all manuals. Letters, notes, notebooks, reports
          and copies thereof and all other  materials  relating to the Company's
          business,  including  without  limitation any materials  incorporating
          Confidential  Information,  which are in the Executive's possession or
          control.

7.   NON-COMPETITION: The Executive acknowledges that his services to be
     rendered hereunder are of a special and unusual character and have a unique
     value to the Company, the loss of which cannot be adequately compensated by
     damages in any court of law. In view of the unique value to the Company of
     the services of the Executive, the Executive hereby covenants and agrees
     that so long as he remains employed by the Company (whether under this
     Agreement or any other written or oral agreement or arrangement) and for a
     period of one (1) year after the termination or expiration of any such
     employment for any reason, the Executive shall not directly or indirectly
     engage in or have an active interest in, anywhere in the world, alone or in
     association with others, as principal, officer, agent, executive,
     consultant, independent contractor, director, partner or stockholder, or
     through the investment of capital lending of money or property, rendering
     of services or otherwise any business competitive with the business engaged
     in by the Company, the Executive hereby acknowledging that the company
     conducts business and distributes its products, or contemplates conducting
     business and distributing its product(s), on a worldwide basis; provided,
     however, that this Section 9 shall not prevent the Executive from
     acquiring, solely as investment and through market purchases, up to ten
     percent (10%) of the securities of any issuer that are registered under
     Section 12(b) or 12(g) of the Securities Exchange Act of 1934, as amended,
     and that are listed or admitted for trading on any United States national
     securities exchange or that are quoted on the National Association of
     Securities Dealers Automated Quotations System. During the same period, the
     Executive shall not, and shall not permit, cause or authorize any of his
     Executives, agents or others under his control to, directly or indirectly,
     on behalf of himself or any other Person, to recruit or otherwise solicit
     or induce any person who is an Executive of; or otherwise engage by, the
     Company or any successor to the business of the Company or any affiliate of
     the Company to terminate his or her employment or other relationship with
     the Company or such successor or affiliate. The Executive shall not at any
     time, directly or indirectly, use or purport to authorize any Person to use
     any name, mark, logo, trade dress or other identifying words or images
     which are the same as or similar to those used at any time by the Company
     or any affiliate in connection with any product or service, whether or not

<PAGE>

     such use would be in a business competitive with that of the Company.  This
     Restrictive  Covenant on the part of the Executive is given and made by the
     Executive  to induce  MegaMedia to employ the  Executive  and to enter into
     this  Employment  Agreement  with the Executive,  and the Executive  hereby
     acknowledges  the  sufficiency of the  consideration  for this  Restrictive
     Covenant.

     This  Restrictive  Covenant  is  not  executory  or  otherwise  subject  to
     rejection  under  the  Bankruptcy  Code.  This  Restrictive  Covenant  is a
     reasonable an necessary restraint of trade and does not violate the Sherman
     Antitrust  Act,  the  Florida  Antitrust  Act,  or the  common  law;  it is
     supported  by  valid  business  interests,   including  the  protection  of
     MegaMedia  trade  secrets and  confidential  business  information  and the
     protection of MegaMedia's  relationships with its customers and prospective
     customers,  at the  one (1)  year  restriction  is  essential  to the  full
     protection  of those  valid  business  interests.  If any  portion  of this
     Restrictive  Covenant is held by a court of  competent  jurisdiction  to be
     unreasonable,  arbitrary,  or against  public  policy for any reason,  this
     Restrictive  Covenant shall be considered divisible as to line of business,
     time,  and  geographic  area; if a court of competent  jurisdiction  should
     determine the specified  lines of business,  the specified  period,  or the
     specified geographic area to be unreasonable,  arbitrary, or against public
     policy for any reason, a narrower line of business,  a lesser period,  or a
     smaller geographic area that is determined to be reasonable, non-arbitrary,
     and not against public policy for any reason,  may be enforced by MegaMedia
     against the Executive.

                                  Page 4 of 22

8.   REMEDIES: MegaMedia and the Executive agree that, in the event of a breach
     by the Executive of the Restrictive Covenants set forth in Paragraphs 6 and
     7, above, such a breach would irreparably injure MegaMedia and would leave
     MegaMedia with no adequate remedy at law, and MegaMedia and the Executive
     further agree that if legal proceedings (including arbitration proceedings)
     should be brought by MegaMedia, against the Executive to enforce the
     Restrictive Covenant, MegaMedia shall be entitled to all civil remedies,
     including without limitation, preliminary and permanent injunctive relief
     restraining the Executive from violating, directly or indirectly, either as
     an individual on his own account or as a partner, joint venture, employee,
     agent, salesman, contractor, officer, director, or stockholder or
     otherwise, the restrictions of Paragraph 6 and 7, above.

     Nothing in this  Employment  Agreement  shall be construed  as  prohibiting
     MegaMedia from pursuing any other legal or equitable  remedies available to
     it for breach or threatened breach of the Restrictive Covenants.

     Should legal proceedings (including arbitration  proceedings) be brought by
     MegaMedia against the Executive to enforce the Restrictive  Covenants,  the
     period of restriction shall be deemed to being running on the date of entry
     of an order  granting  MegaMedia  preliminary  injunctive  relief and shall
     continue  uninterrupted for the next succeeding one (1) year; the Executive
     acknowledges that such purposes and effect would be frustrated by measuring
     the period of restriction  from the date of termination of employment where
     the Executive failed to honor the Restrictive Covenant until directed to do
     so by court order.  MegaMedia and the Executive agree that, if MegaMedia is
     granted preliminary  injunctive relief under this Agreement,  an injunction
     bond of no more than  $145,000.00  shall be  sufficient  to  indemnify  the
     Executive  for any  costs  or  damages  that he might  incur  if the  Court
     ultimately  determines that the Executive was wrongfully  enjoined.  If the
     Executive  breaches any of the provisions of Paragraphs 6 or 7, in addition
     to its other  rights  and  remedies,  the  Company  shall have the right to
     require  the  Executive  to  account  for any pay over to the  Company  all
     compensation,  profits,  money,  accruals,  and other  benefits  derived or
     received, directly or indirectly, by the Executive from the action

<PAGE>

     constituting such breach.

9.   TERMINATION: This Agreement may be terminated prior to the expiration of
     the term set forth in Section 2 upon the occurrence of any of the events
     set forth in, and subject to the terms of this Section 9.

     A.   Death.  This Agreement will terminate  immediately  and  automatically
          upon the death of the Executive.  In the event of  Executive's  death,
          Executive's estate or his designated  beneficiary shall be paid by the
          Company all of the compensation and benefits due to Executive  through
          the date of his death, including without limitation,  the Escrow Stock
          and stock option  benefits to which  Executive  was entitled as of the
          date of his death.

     B.   Disability. This Agreement may be terminated at the Company's option,
          immediately upon written notice to the Executive, if the Executive
          shall suffer a permanent disability. For the purposes of this
          Agreement, the term "permanent disability" shall mean the Executive's
          inability to perform his duties under this Agreement for a period of
          120 consecutive days or for an aggregate of 180 days, whether or not
          consecutive, in any twelve (12) month period, due to illness, accident
          or any other physical or mental condition, as determined by the Board
          of Directors of the Company. In the event of a permanent disability,
          Executive shall be paid by the Company all of the compensation and
          benefits due to Executive through the date of his permanent
          disability, including without limitation, the stock purchase rights
          and stock option benefits to which Executive was entitled as of the
          date of his permanent disability.

     C.   Voluntary termination by Executive.This Agreement may be terminated by
          Executive upon the giving of 60 days written notice to the Board of
          Directors. In the event that Executive voluntarily terminates this
          Agreement as herein provided, except for "Constructive Discharge" as
          hereinafter defined, he shall be paid by the Company all of the
          compensation and benefits due to Executive through the date of
          termination. In the event that Employee is Constructively Discharged,
          his termination shall be treated

                                  Page 5 of 22

          as if made by Company  without cause.  For purposes of this Agreement,
          "Constructive   Discharge"   shall   mean:   (i)  any   reduction   of
          compensation,  stock options or other  benefits set forth in Section 4
          hereof; (ii) a material reduction in Executive's job function,  duties
          or  responsibilities,  or a similar  change in  Executive's  reporting
          relationships;  or (iii) any  breach of any of the  material  terms of
          this  Agreement  by the  Company  which is not fully  cured  within 15
          (fifteen)  days of Company's  receipt of written  notice  thereof from
          Executive.

     D.   Cause. This Agreement may be terminated at the Company's option,
          immediately upon written notice to the Executive, upon (i)
          "Misconduct" which includes, but is not limited to, the following,
          which shall not be construed in pari materia with each other: (a)
          Conduct evincing such willful or wanton disregard of an employer's
          interests as is found by the Company's Board of Directors to be in
          deliberate violation or disregard of standards of behavior which the
          employer has the right to expect of the Executive; or (b) Carelessness
          or negligence of such a degree or recurrence as is found by the
          Company's Board of Directors to manifest culpability, wrongful intent,
          or evil design, or to show an intentional and substantial disregard of
          an employer's interests or of the Executive's duties and obligations
          to the employer, or (ii) fraud, criminal conduct (as evidenced by a
          plea of no contest or guilty or upon conviction of the Executive for
          any felony) or embezzlement by the Executive. In the event that

<PAGE>

          Executive is terminated for cause, he shall be paid by the Company all
          compensation  and benefits  due through the date of written  notice of
          termination,  including  without  limitation all stock option benefits
          vested prior to the date of written notice of termination hereunder.

     E.   Without Cause. This Agreement may be terminated at the Company's
          option without cause immediately upon notice to the Executive. In the
          event the Company elects to terminate this Agreement without cause
          pursuant to this subsection, or the Executive is Constructively
          Discharged as specified in Paragraph 9C above, the Company shall:

          i.    Pay  to  Executive  as  wages  in  lieu  of  notice  the  sum of
                $145,000.00,  payable in 52 weekly  payments of $2,788.47,  with
                the first payment due at termination and subsequent  payments of
                $2,788.47 being due and payable weekly after termination,  until
                paid in full.

          ii.   Executive's stock option rights would vest provided in the Stock
                Option  Agreements as though he remained employed for the entire
                first three years of this Agreement.

          iii.  Simultaneous  with the receipt of the first  installment  of the
                wages  in lieu of  notice,  and as a  condition  to the  receipt
                thereof,  the  Executive  or his  estate,  shall  deliver to the
                Company a general  release  in form  acceptable  to the  Company
                releasing the Company from any and all rights, claims,  demands,
                judgments, obligations, liabilities and damages, whether accrued
                or  unaccrued,  asserted or  unasserted,  and  whether  known or
                unknown,  relating  to the  Company  which  ever  existed,  then
                existed,  or may thereafter  exist, by reason of the termination
                of  this  Agreement   without  cause,   except  payment  of  the
                $145,000.00  wages  in lieu of  notice  and the  stock  purchase
                rights due if any, and the vested stock options, if any.

          iv.   Simultaneous with delivery of the Executive's general release
                referenced in paragraph 9(e)(iii), Company shall deliver to
                Executive or Executive's estate a general release, in form
                substantially similar to Executives Release, releasing the
                Executive and/or his estate from any and all rights, claims,
                demands, judgments, obligations, liabilities and damages,
                whether accrued or unaccrued, asserted or unasserted, and
                whether known or unknown, relating to the Company which ever
                existed, then existed, or may thereafter exist, by reason of the
                termination of this Agreement without cause except Executive's
                future performance of his duties and obligations under Sections
                6 and 7 of this Agreement.

                                  Page 6 of 22

     E.   Effect of  Termination.  In the event of any  termination  under  this
          Section  9,  except as set forth  herein,  the  Company  shall have no
          further  obligation  under this  Agreement  to make any payment to, or
          bestow any benefits on, the  Executive  from and after the date of the
          termination  other  than  payments  or  benefits  accrued  and due and
          payable to Executive  prior to the date of the termination as provided
          herein..

10.  INVENTIONS, IDEAS, PROCESSES AND DESIGNS: All inventions, ideas, processes,
     programs,  software, and designs (including all improvements) (i) conceived
     (whether or not actually  conceived  during regular business hours) or made
     by the Executive  during the course of his  employment  with MegaMedia (ii)
     integrally  related to the  business of  MegaMedia,  shall be  disclosed in
     writing promptly to MegaMedia and shall be the sole and exclusive  property
     of  MegaMedia.  The  Executive  shall  cooperate  with  MegaMedia  and  its
     attorneys in the preparation of patent and copyright applications for such

<PAGE>

     developments  and  shall  promptly  assign  all  such  inventions,   ideas,
     processes,  and designs to  MegaMedia.  The  decision to file for patent or
     copyright  protection  or to maintain  such  development  as a trade secret
     shall be in the sole  discretion of MegaMedia,  and the Executive  shall be
     bound by such decision.  The Executive  shall provide,  on the back of this
     Employment Agreement, a complete list of all inventions,  ideas, processes,
     and designs, if any, patented or unpatented,  copyrighted or uncopyrighted,
     including a brief  description,  which he or she made or conceived prior to
     his or her employment  with MegaMedia and which therefore are excluded from
     the scope of this Agreement.

11.  CONSIDERATION.  The Executive  expressly  acknowledges  and agrees that the
     execution  by  MegaMedia  of  this  Employee  Agreement  constitutes  full,
     adequate, and sufficient  consideration to the Executive from MegaMedia for
     the  duties,  obligations,  and  covenants  of  the  Executive  under  this
     Agreement,  including, by way of illustration and not by way of limitation,
     the  agreements,   covenants,   and  obligations  of  the  Executive  under
     Paragraphs 6 and 7 of this Agreement.  MegaMedia expressly acknowledges and
     agrees similarly with respect to the consideration  received by it from the
     Executive under this Agreement.

12.  INDEBTEDNESS. If, during the course of the Executive's employment under
     this Employment Agreement, the Executive becomes indebted to MegaMedia for
     any reason, MegaMedia may, if it so elects, set off any sum due to
     MegaMedia from the Executive and collect form the Executive any remaining
     balance.

13.  TRAINING EXPENSES. MegaMedia shall pay for all reasonable training expenses
     incurred by the Executive while he is employed under this Employment
     Agreement.

14.  CONSENT TO  PERSONAL  JURISDICTION  AND VENUE;  WAIVER OF JURY  TRIAL.  The
     Executive and Company  hereby consent to personal  jurisdiction  and venue,
     for  any  action  brought  by  either  party  arising  out of a  breach  or
     threatened breach of this Employment  Agreement,  exclusively in the United
     States District Court for the Middle District of Florida, Orlando Division,
     or in the Circuit Court in and for Orange  County,  Florida;  the Executive
     and Company hereby agree that any action brought by either party,  alone or
     in combination with others, against the other party, whether arising out of
     this  Agreement or otherwise,  shall be brought  exclusively  in the United
     States District Court for the Middle District of Florida, Orlando Division,
     or in the Circuit Court in and for Orange  County,  Florida.  The Executive
     and Company  hereby agree that any  controversy  which may arise under this
     Agreement would involve complicated and difficult factual and legal issues.
     Therefore, if a court of law determines for any reason that the arbitration
     clause of Paragraph 15 of the Agreement is  unenforceable,  then any action
     brought by MegaMedia  against the Executive,  alone or in combination  with
     others,  against  MegaMedia,  whether  arising  out of  this  Agreement  or
     otherwise, shall be determined by a Judge sitting without a jury.

15.  ARBITRATION.  All controversies,  claims, disputes, and matters in question
     arising out of, or related to, this  Employment  Agreement or the breach of
     this Agreement, or the relations between the signatories to this Agreement,
     shall  be  decided  by  arbitration  in  accordance   with  the  commercial
     Arbitration Rules of the American Arbitration Association.  The signatories
     agree  that the  arbitration  shall  take  place  exclusively  in  Orlando,
     Florida,  and  shall be  governed  by the  substantive  law of the state of
     Florida.  Any award  rendered by the arbitrator  shall be final,  and final
     judgment may be entered upon it in accordance  with  applicable  law in any
     court having

                                  Page 7 of 22

     jurisdiction thereof, including a federal district court, pursuant to the
     Federal Arbitration Act. The arbitrator may grant a party injunctive

<PAGE>

     relief,  including  mandatory  injunctive  relief, to protect the rights of
     such party,  but the arbitrator  shall not be limited to such relief.  This
     arbitration  provision shall not preclude a party from seeking temporary or
     preliminary  injunctive relief in a court of law to protect its rights, nor
     shall the filing of such an action constitute any waiver by either party of
     its right to arbitrate.  In connection  with the arbitration of any dispute
     between the signatories to this  Agreement,  each signatory may utilize all
     methods of discovery  authorized  by the Federal and Florida Rules of Civil
     Procedure.

16.  SERVICE  OF  PROCESS  -  MEGAMEDIA.   If  the  Executive  institutes  legal
     proceedings  (including  arbitration  proceedings)  against MegaMedia,  the
     signatories to this  Employment  Agreement agree that service of process by
     registered  and  certified  U.S mail of the  complaint  and  summons to the
     national  headquarters  of  MegaMedia,  currently  located  at 57 West Pine
     Street,  Orlando,  Florida  32801,  is  reasonably  calculated  to  apprise
     MegaMedia  of any legal  proceedings  (including  arbitration  proceedings)
     instituted  against it by the  Executive.  The  above-described  method for
     service of process  shall not  constitute  by  MegaMedia to the exercise of
     personal  jurisdiction by any court except the United States District Court
     for the Middle District of Florida,  Orlando  Division or the Circuit Court
     for Orange County,  Florida,  in connection with any controversy or dispute
     between the signatories to this Agreement.

17.  SERVICE OF PROCESS - EXECUTIVE.  If MegaMedia  institutes legal proceedings
     (including  arbitration  proceedings)  against the  Executive,  the parties
     agree that,  except as provided  below,  MegaMedia  shall server process by
     process  server  upon the  Executive  at his last known  residence  address
     located in the United  States.  The  Executive  shall  notify  MegaMedia in
     writing of any change in his  residence  address  within ten (10)  calendar
     days of the change. If the Executive changes his U.S. residence address and
     fails to notify  MegaMedia in writing  within ten (10) calendar days of the
     change,  the  signatories  agree  that the  following  specified  method of
     service of process is  reasonably  calculated to reach the Executive and to
     apprise the Executive of the legal proceedings instituted by MegaMedia:

     MegaMedia  shall (i) serve copies of the summons and complaint by certified
     and registered U.S. Mail to the Executive's last known residence located in
     the United  States and (ii) place a public notice in a newspaper of general
     circulation in the geographic area of the Executive's  last known residence
     address for a period of two (2) consecutive  weeks  following  commencement
     (i.e.,  filing) of the proceedings.  The Executive  expressly  acknowledges
     that the  above-described  method for service of process is (i)  reasonably
     calculated to apprise him of any legal proceedings  instituted  against him
     by MegaMedia and (ii)  sufficient  for the court issuing the summons or the
     American Arbitration Association to exercise personal jurisdiction over him
     or her.

18.  ACKNOWLEDGEMENTS.  The  Executive  hereby  acknowledges  that  he has  been
     provided  with a copy of this  Employment  Agreement  for  review  prior to
     signing it, that he has been given the  opportunity  to have this Agreement
     reviewed by his own attorney prior to signing it, that he  understands  the
     purposes and effects of this Agreement, and that he has been given a signed
     copy of this Agreement for his own records.  The parties hereto acknowledge
     that  this  Agreement  and  all  matters  contemplated  herein,  have  been
     negotiated  between both of the parties hereto and their  respective  legal
     counsel  and that  both  parties  have  participated  in the  drafting  and
     preparation of this Agreement from the  commencement  of negotiation at all
     times through the executive hereof.

19.  WAIVER. The waiver by either party of a breach or threatened breach of this
     employment  Agreement by the other party shall not be construed as a waiver
     of any  subsequent  breach.  The refusal or failure of MegaMedia to enforce
     the Restrictive Covenants or prohibitions of this Agreement (or any similar
     Agreement) against any other executive,  agent, or independent  contractor,
     for any  reason  shall not  constitute  a  defense  to the  enforcement  by
     MegaMedia of the Restrictive Covenants or the prohibitions of this

<PAGE>

     Agreement,  nor  shall it give rise to any claim or cause of action by such
     executive,   agent,  or  independent   contractor  or  consulting   against
     MegaMedia.

                                  Page 8 of 22

21.  INDEMNIFICATION.  The  Company  shall  indemnify  Executive  to the fullest
     extent permitted by applicable law against damages and expenses  (including
     fees and disbursements of counsel) in connection with his status or arising
     out of the  ordinary  and proper  conduct of his duties as an  employee  or
     officer of the Company.

22.  MISCELLANEOUS.

     A.   Entire Agreement. This Employment Agreement, together with Exhibits A,
          B, & C, constitutes the entire agreement between its signatories
          pertaining to the subject matters of the Agreement, and it supersedes
          all negotiations, preliminary agreements, and all prior and
          contemporaneous discussions and understandings of the signatories in
          connection with the subject matters of the Agreement. Except as
          otherwise herein provided, no covenant, representation, or condition
          not expressed in this Agreement, or in an amendment made and executed
          in accordance with the provisions of subparagraph (b) of this
          paragraph, shall be binding upon the signatories or shall affect or be
          effective to interpret, change, or restrict the provisions of this
          Agreement.

     B.   Amendments. No change, modification, or termination of any of the
          terms, provisions, or conditions of this Agreement shall be effective
          unless made in writing and signed or initialed by all signatories to
          this Agreement.

     C.   Governing Law. This Agreement shall be governed and construed in
          accordance with the statutory and decisional law of the State of
          Florida governing contracts to be performed in their entirety in
          Florida.

     D.   Separability. If any paragraph, subparagraph, or provision of this
          Agreement, or the application of such paragraph, subparagraph or
          provision, is held invalid by a court of competent jurisdiction, the
          remainder of the Agreement, and the application of such paragraph,
          subparagraph, or provision to persons or circumstances other than
          those with respect to which is held invalid, shall not be affected.

     E.   Headings and Captions. The titles and captions of paragraphs and
          subparagraphs contained in this Agreement are provided for convenience
          of reference only, and they shall not be considered a part of this
          Agreement for purposes of interpreting or applying this Agreement;
          such titles or captions are not intended to define, limit, extend,
          explain or describe the scope or extent of this Agreement or any of
          its terms, provisions, representations, warranties, or conditions in
          any manner or way whatsoever.

     F.   Attorney's Fees. In the event it shall be necessary for any party to
          seek arbitration or court intervention in order to enforce or defend
          its rights hereunder, the prevailing party in any such action shall
          recover from the non-prevailing party or parties, all reasonable
          attorneys' and paralegal fees in the trail and appellate courts and in
          all arbitration, including expert witness fees, deposition costs
          (appearance fees and transcript charges), injunction bond premiums,
          travel and lodging expenses, arbitration fees and charges, and all
          other reasonable costs and expenses.

     G.   Continuance of Agreement. The rights, responsibilities, and duties of
          the signatories to this Agreement, and the covenants and agreements

<PAGE>

          contained in this Agreement,  shall continue to bind the  signatories,
          shall  continue  in  full  force  and  effect  until  each  and  every
          obligation  of the  signatories  pursuant to this  Agreement  (and any
          document or agreement  incorporated  hereby by  reference)  shall have
          been fully  performed,  and shall be binding upon the  successors  and
          assigns of the signatories.

     H.   Successors and Assigns. Neither party shall have the right to assign
          this personal Agreement, or assign any rights or delegate any
          obligations hereunder, without the consent of the other party;
          provided, however, that upon the sale of all or substantially all of
          the assets, business and goodwill of the Company to another company,
          this Agreement shall inure to the benefit of; and be binding upon,
          both Executive and the company purchasing such assets, business and
          goodwill, or surviving such merger or

                                  Page 9 of 22

          consolidation,  as the case may be, in the same manner and to the same
          extent as though such other  company were the Company,  subject to the
          Executive's rights hereunder. Subject to the foregoing, this Agreement
          shall  inure to the  benefits  of; and be binding  upon,  the  parties
          hereto and their legal representatives, heirs, successors and assigns.

     I.   Additional Acts. The Executive and the Company each agrees to execute,
          acknowledge   and  deliver  and  file,   or  cause  to  be   executed,
          acknowledged and delivered and filed, any and all further instruments,
          agreements  or  documents as may be necessary or expedient in order to
          consummate the transactions  provided for in this Agreement and do any
          and all further  acts and things as may be  necessary  or expedient in
          order to carry out the purposes and intent of this Agreement.

     J.   Notices. Any notice or other communication under this Agreement, other
          than as provided above, shall be in writing and shall be delivered
          personally or sent by certified mail, return receipt requested,
          postage prepaid, or sent by facsimile or prepaid overnight courier to
          the parties at the addresses set forth below (or at such other
          addresses as shall be specified by the parties by like notice). Such
          notices, demands, claims and other communications shall be deemed
          given when actually received or (a) in the case of delivery by
          overnight service with guaranteed next day delivery, the next day or
          the day designated for delivery, (b) in the case of facsimile, the
          date upon which the transmitting party received confirmation of
          receipt by facsimile, telephone or otherwise.

          To the Company:                      To the Executive:
          MegaMedia Networks, Inc.             3518 Old Course Lane
          57 West Pine Street                  Valrico, Florida  33594
          Orlando, Florida  32801
          Attn: Legal Department
          Fax: 407-245-2943

     K.   Counterparts. This Agreement may be executed in counterparts, each of
          which shall be deemed an original and all of which, together, will
          constitute one and the same agreement. Any facsimile version of a
          manually executed signature page delivered by one party to the other
          shall be deemed manually executed and delivered original.

     L.   No Rights as Stockholder. Executive shall have no rights as a
          stockholder in Shares as to which title has not vested in Executive or
          for which options have not been exercised.

-----------------------------------         -----------------------------------
Witness                                     Executive - Steve H. Noble, III

<PAGE>

-----------------------------------         -----------------------------------
Attest: By Mark R. Dolan, Secretary         MegaMedia Networks, Inc.
                                            By William A. Mobley, Jr., President

                                  Page 10 of 12

                             STOCK OPTION AGREEMENT

                                   EXHIHBIT A

     STOCK OPTION AGREEMENT dated as of February 7, 2000, by and between
MegaMedia Networks, Inc. and Steve H. Noble, III,, (the "Optionee").

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

In  consideration  for  the  Optionee  signing  an  employment   Agreement  (the
"Employment  Agreement")  with MegaMedia  Networks,  Inc. (the Company") and for
other good and valuable consideration,  receipt of which is hereby acknowledged,
MegaMedia  Networks  hereby grants the Optionee the option to acquire  shares of
the common stock of the Company upon the following terms and conditions:

1.  GRANT OF OPTION

     A.   The Company  hereby  grants to the  Optionee the right and option (the
          "Option")  to  purchase  up to 150,000  fully paid and  non-assessable
          shares of Common  Stock par value $.01 per share of the  Company  (the
          "Shares"), subject to the vesting provisions described below.

     B.   This Option shall vest in Executive on the earliest to occur of the
          following:

          (i) On February 6, 2001,  provided that Executive  remains employed by
          Company, a parent or subsidiary corporation of Company; or

          (ii)  Upon  termination of Executive's  employment by Company  without
                "Cause" as defined in  paragraph  9D of  Executive's  Employment
                Agreement of even date herewith prior to February 6, 2001; or

          (iii) Upon  Executive's  voluntary  termination  of his employment for
                "Constructive  Discharge" as defined paragraph 9C of Executive's
                Employment  Agreement of even date herewith prior to February 6,
                2001; or

          (iv)  Upon a  "change  in  control"  of the  Company,  which  shall be
                defined  as (i) a  sale,  purchase,  merger  or  other  business
                combination  which  results in  transfer  to a third party of an
                ownership  interest  of greater  than 50% of the  Company or any
                successor  entity  to the  Company,  or  (ii)  a sale  of all or
                substantially  all of the Company's  assets prior to February 6,
                2001..

     C.   The Option once vested,  may be exercised  during the period  ("Option
          Period")  commencing  on February 6, 2001,  and  expiring at 5:00 p.m.
          Eastern  Standard  Time on February 6, 2011 at which time the Optionee
          shall have no further right to purchase any Shares not then purchased.
          MegaMedia  Networks  shall at all times  during  this  Agreement  have
          available  such number of Shares of Common Stock as will be sufficient
          to satisfy the Option.

     D.   It is not  intended  that these  Options  qualify as  Incentive  Stock
          Options  within the meaning of Section  422A of the  Internal  Revenue
          Code of 1986, as amended (the "Code").

2.   EXERCISE PRICE

     The exercise price of the Option (the "Exercise Price") shall be Three

<PAGE>

     Dollars ($3.00) per Share,  and shall be payable by certified or bank check
     payable  to the  order  of  MegaMedia  Networks  in full at the time of the
     exercise.  As an alternative,  Optionee may present Shares already owned by
     the Optionee with a market value at least equal to the  aggregate  Exercise
     Price of the Options which Optionee seeks to exercise.

                                  Page 11 of 12

3.  EXERCISE OF OPTION

     The  Optionee may  exercise  this Option in whole or in part,  by providing
     notice to the  MegaMedia  Networks,  in the form  attached as Exhibit A, by
     registered,  or certified mail, return receipt  requested,  or by overnight
     mail or personal  delivery,  addressed to its principal  office,  signed by
     Optionee,  indicating  the number of Options  which he desires to exercise.
     The notice shall be accompanied by payment of the Option Price as specified
     in  Paragraph  2 above.  As soon as  practicable  after the receipt of such
     notice of exercise,  MegaMedia  Networks shall cause the Company's transfer
     agent to issue to the Optionee  certificates  issued in the Optionee's name
     evidencing the Shares purchased by the Optionee.

4.  DEATH OF OPTIONEE

     In the event of the death of the Optionee,  any unexercised  portion of his
     or her Option  shall be  exercisable  (to the extent  that such  Option was
     exercisable  at the time of his or her death) for sixty (60) days after the
     Optionee's  death only by his  personal  representative  or such persons to
     whom the deceased  Option's  rights shall pass under the Optionee's will or
     by the laws of descent and distribution.

5.  NON-TRANSFERABILITY OF OPTION

     The Optionee may not give,  grant,  sell,  exchange,  transfer legal title,
     pledge,  assign or  otherwise  encumber  or  dispose  of the  Option or any
     interest   therein,   otherwise  than  by  will  or  laws  of  descent  and
     distribution and, except as provided in this paragraph and paragraph 4, the
     Option shall be  exercisable  only by the Optionee.  Upon any attempt to so
     transfer the Option,  or upon the levy or attachment or similar  process of
     the Option, the Option shall automatically become null and void.

6.  RESTRICTION OF ISSUANCE OF SHARES - INVESTMENT REPRESENTATION

     By accepting the Option, the Optionee agrees for himself,  his or her heirs
     and  legatees  that any and all Shares  purchased  upon the exercise of the
     Option shall be acquired for investment and not for distribution.  Upon the
     issuance of any or all of the Shares subject to the Option, the Company, in
     its discretion,  may require the Optionee,  or his or her heirs or legatees
     receiving  such  Shares  to  deliver  to the  Company a  representation  in
     writing, in a from satisfactory to the Board of Directors, that such Shares
     are being acquired in good faith for  investment and not for  distribution.
     The Company may place a "stop  transfer"  order with respect to such Shares
     with its transfer agent and will place an appropriate restrictive legend on
     the certificate(s)  evidencing such Shares.  Any stock certificates  issued
     upon the exercise of the Option may bear an appropriate restrictive legend,
     if deemed  necessary  by the  Company.  The Company  agrees to register the
     Shares as part of any Form S-8  registration  by the Company for so long as
     any Shares subject to Options remain outstanding.

7.  ADJUSTMENTS UPON CHANGES IN CAPITALIZATION

     A.   In the event of changes in the  outstanding  shares of the  Company by
          reason  of stock  dividends,  split-ups,  recapitalizations,  mergers,
          consolidations,  combinations  or  exchanges  of shares,  separations,
          reorganizations or liquidations, the number and class of shares or the
          amount  of cash or  other  assets  or  securities  available  upon the
          exercise of the Option and he Exercise Price shall be correspondingly

<PAGE>

          adjusted.

     B.   Any adjustment in the number of Shares shall apply  proportionately to
          only the then unexercised  portion of the Option. If fractional Shares
          would result from any such adjustment, the adjustment shall be revised
          to the next higher whole number.

8.   NO RIGHTS AS STOCKHOLDER

     The Optionee  shall have no rights as a  stockholder  in Shares as to which
     the Option has not been exercised.

9.   TAXES

     The Company may make such  provisions  as it may deem  appropriate  for the
     withholding of any taxes which it determines is required in connection with
     the exercise of the Option granted hereby.  The Company may further require
     notification  from the Optionee  upon any  disposition  of Shares  acquired
     pursuant to the exercise of the Options granted hereunder.

10.  BINDING EFFECT

     Except as herein  otherwise  expressly  provided,  this Agreement  shall be
     binding  upon and shall inure to the benefit of the parties  hereto,  their
     legal representatives and assigns.

11.  GOVERNING LAW

     This  Agreement  shall be governed by and construed in accordance  with the
     laws of the  State  of  Florida  applicable  to  agreements  made and to be
     performed wholly within the State of Florida.

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

--------------------------------            --------------------------------
Witness_________________________            MegaMedia Networks, Inc.
                                            By:William A. Mobley, Jr., President

---------------------------------           --------------------------------
Witness:_________________________           Optionee: STEVE H. NOBLE, III

                                  Page 13 of 22

                                    EXHIBIT A

                                  EXERCISE FORM

          (To be Executed If Optionee Desires to Exercise the Options)

TO:  MegaMedia Networks, Inc.

     The  undersigned,  being the  Optionee of certain  options  ("Options")  to
purchase shares of common stock of MegaMedia  Networks,  Inc. (the "Company" and
the  "Shares"),  under the  conditions  thereof,  hereby  exercises  Options  to
purchase  _____________  Shares  evidenced by the within Option  Agreement,  and
herewith  makes  payment of the  exercise  price in full in cash or  immediately
available  funds or by  presenting  shares  already owned by the Optionee with a
market value at lease equal to the aggregate  exercise  price due.  Kindly issue
all Shares to the undersigned and deliver them to the undersigned at the address
stated  below.  If  such  number  of  Shares  shall  not be  all  of the  Shares
purchasable  under  the  within  Option  Agreement,  please  issue a new  Option
Agreement  of like tenor for the  balance of the  remaining  Shares  purchasable
hereunder to be delivered to the undersigned at the address stated below.

<PAGE>

     By signing below,  the Undersigned  acknowledges  that he has received such
financial and other information to his or her satisfaction regarding the Company
as he requires to make an informed investment decision.  The Undersigned has had
the opportunity to ask questions and receive answers from the Company  regarding
the Shares and the Company.  The  Undersigned  further  acknowledges  that he is
aware that the Shares issued  pursuant to this  exercise may be restricted  from
transfer.

                                      Name_______________________________
                                                        (Please Print)

                                      Address_____________________________

                                      Signature____________________________

Dated____________________

Page 14 of 22

                             STOCK OPTION AGREEMENT

                                    EXHIBIT B

STOCK OPTION AGREEMENT dated as of February 7, 2000, by and between MegaMedia
Networks, Inc. and Steve H. Noble, III,, (the "Optionee").

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

In  consideration  for  the  Optionee  signing  an  employment   Agreement  (the
"Employment  Agreement")  with MegaMedia  Networks,  Inc. (the Company") and for
other good and valuable consideration,  receipt of which is hereby acknowledged,
MegaMedia  Networks  hereby grants the Optionee the option to acquire  shares of
the common stock of the Company upon the following terms and conditions:

7.  GRANT OF OPTION

     A.   The Company  hereby  grants to the  Optionee the right and option (the
          "Option")  to  purchase  up to 100,000  fully paid and  non-assessable
          shares of Common  Stock par value $.01 per share of the  Company  (the
          "Shares"), subject to the vesting provisions described below.

     B.   This Option shall vest in Executive on the earliest to occur of the
          following:

          (i)   On February 6, 2002, provided that Executive remains employed by
                Company, a parent or subsidiary corporation of Company; or

          (v)   Upon  termination of Executive's  employment by Company  without
                "Cause" as defined in  paragraph  9D of  Executive's  Employment
                Agreement of even date herewith prior to February 6, 2002; or

          (vi)  Upon  Executive's  voluntary  termination  of his employment for
                "Constructive  Discharge" as defined paragraph 9C of Executive's
                Employment  Agreement of even date herewith prior to February 6,
                2002; or

          (vii) Upon a  "change  in  control"  of the  Company,  which  shall be
                defined  as (i) a  sale,  purchase,  merger  or  other  business
                combination  which  results in  transfer  to a third party of an
                ownership  interest  of greater  than 50% of the  Company or any
                successor  entity  to the  Company,  or  (ii)  a sale  of all or
                substantially  all of the Company's  assets prior to February 6,
                2002.

     C.   The Option once vested, may be exercised during the period ("Option
          Period") commencing on February 6, 2002, and expiring at 5:00 p.m.
          Eastern Standard Time on February 6, 2012 at which time the Optionee

<PAGE>

          shall have no further right to purchase any Shares not then purchased.
          MegaMedia  Networks  shall at all times  during  this  Agreement  have
          available  such number of Shares of Common Stock as will be sufficient
          to satisfy the Option.

     D.   It is not  intended  that these  Options  qualify as  Incentive  Stock
          Options  within the meaning of Section  422A of the  Internal  Revenue
          Code of 1986, as amended (the "Code").

8.   EXERCISE PRICE

     The  exercise  price of the Option  (the  "Exercise  Price")  shall be Four
     Dollars  and  Fifty  Cents  ($4.50)  per  Share,  and shall be  payable  by
     certified or bank check payable to the order of MegaMedia  Networks in full
     at the time of the exercise. As an alternative, Optionee may present Shares
     already  owned by the  Optionee  with a market  value at least equal to the
     aggregate Exercise Price of the Options which Optionee seeks to exercise.

                                  Page 15 of 22

9.   EXERCISE OF OPTION

     The  Optionee may  exercise  this Option in whole or in part,  by providing
     notice to the  MegaMedia  Networks,  in the form  attached as Exhibit A, by
     registered,  or certified mail, return receipt  requested,  or by overnight
     mail or personal  delivery,  addressed to its principal  office,  signed by
     Optionee,  indicating  the number of Options  which he desires to exercise.
     The notice shall be accompanied by payment of the Option Price as specified
     in  Paragraph  2 above.  As soon as  practicable  after the receipt of such
     notice of exercise,  MegaMedia  Networks shall cause the Company's transfer
     agent to issue to the Optionee  certificates  issued in the Optionee's name
     evidencing the Shares purchased by the Optionee.

10.  DEATH OF OPTIONEE

     In the event of the death of the Optionee,  any unexercised  portion of his
     or her Option  shall be  exercisable  (to the extent  that such  Option was
     exercisable  at the time of his or her death) for sixty (60) days after the
     Optionee's  death only by his  personal  representative  or such persons to
     whom the deceased  Option's  rights shall pass under the Optionee's will or
     by the laws of descent and distribution.

11.  NON-TRANSFERABILITY OF OPTION

     The Optionee may not give,  grant,  sell,  exchange,  transfer legal title,
     pledge,  assign or  otherwise  encumber  or  dispose  of the  Option or any
     interest   therein,   otherwise  than  by  will  or  laws  of  descent  and
     distribution and, except as provided in this paragraph and paragraph 4, the
     Option shall be  exercisable  only by the Optionee.  Upon any attempt to so
     transfer the Option,  or upon the levy or attachment or similar  process of
     the Option, the Option shall automatically become null and void.

12.  RESTRICTION OF ISSUANCE OF SHARES - INVESTMENT REPRESENTATION

     By accepting the Option, the Optionee agrees for himself,  his or her heirs
     and  legatees  that any and all Shares  purchased  upon the exercise of the
     Option shall be acquired for investment and not for distribution.  Upon the
     issuance of any or all of the Shares subject to the Option, the Company, in
     its discretion,  may require the Optionee,  or his or her heirs or legatees
     receiving  such  Shares  to  deliver  to the  Company a  representation  in
     writing, in a from satisfactory to the Board of Directors, that such Shares
     are being acquired in good faith for  investment and not for  distribution.
     The Company may place a "stop  transfer"  order with respect to such Shares
     with its transfer agent and will place an appropriate restrictive legend on
     the certificate(s) evidencing such Shares. Any stock certificates issued

<PAGE>

     upon the exercise of the Option may bear an appropriate restrictive legend,
     if deemed  necessary  by the  Company.  The Company  agrees to register the
     Shares as part of any Form S-8  registration  by the Company for so long as
     any Shares subject to Options remain outstanding.

7.   ADJUSTMENTS UPON CHANGES IN CAPITALIZATION

     C.   In the event of changes in the  outstanding  shares of the  Company by
          reason  of stock  dividends,  split-ups,  recapitalizations,  mergers,
          consolidations,  combinations  or  exchanges  of shares,  separations,
          reorganizations or liquidations, the number and class of shares or the
          amount  of cash or  other  assets  or  securities  available  upon the
          exercise of the Option and he Exercise Price shall be  correspondingly
          adjusted.

     D.   Any adjustment in the number of Shares shall apply  proportionately to
          only the then unexercised  portion of the Option. If fractional Shares
          would result from any such adjustment, the adjustment shall be revised
          to the next higher whole number.

8.   NO RIGHTS AS STOCKHOLDER

     The Optionee  shall have no rights as a  stockholder  in Shares as to which
     the Option has not been exercised.

                                  Page 16 of 22

9.   TAXES

     The Company may make such  provisions  as it may deem  appropriate  for the
     withholding of any taxes which it determines is required in connection with
     the exercise of the Option granted hereby.  The Company may further require
     notification  from the Optionee  upon any  disposition  of Shares  acquired
     pursuant to the exercise of the Options granted hereunder.

11.  BINDING EFFECT

     Except as herein  otherwise  expressly  provided,  this Agreement  shall be
     binding  upon and shall inure to the benefit of the parties  hereto,  their
     legal representatives and assigns.

11.  GOVERNING LAW

     This  Agreement  shall be governed by and construed in accordance  with the
     laws of the  State  of  Florida  applicable  to  agreements  made and to be
     performed wholly within the State of Florida.

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

--------------------------------            -------------------------------
Witness_________________________            MegaMedia Networks, Inc.
                                            By:William A. Mobley, Jr., President

---------------------------------           -------------------------------
Witness:_________________________           Optionee: STEVE H. NOBLE, III

                                  Page 17 of 22

                                    EXHIBIT A

<PAGE>

                                  EXERCISE FORM

          (To be Executed If Optionee Desires to Exercise the Options)

TO:   MegaMedia Networks, Inc.

     The  undersigned,  being the  Optionee of certain  options  ("Options")  to
purchase shares of common stock of MegaMedia  Networks,  Inc. (the "Company" and
the  "Shares"),  under the  conditions  thereof,  hereby  exercises  Options  to
purchase  _____________  Shares  evidenced by the within Option  Agreement,  and
herewith  makes  payment of the  exercise  price in full in cash or  immediately
available  funds or by  presenting  shares  already owned by the Optionee with a
market value at lease equal to the aggregate  exercise  price due.  Kindly issue
all Shares to the undersigned and deliver them to the undersigned at the address
stated  below.  If  such  number  of  Shares  shall  not be  all  of the  Shares
purchasable  under  the  within  Option  Agreement,  please  issue a new  Option
Agreement  of like tenor for the  balance of the  remaining  Shares  purchasable
hereunder to be delivered to the undersigned at the address stated below.

     By signing below,  the Undersigned  acknowledges  that he has received such
financial and other information to his or her satisfaction regarding the Company
as he requires to make an informed investment decision.  The Undersigned has had
the opportunity to ask questions and receive answers from the Company  regarding
the Shares and the Company.  The  Undersigned  further  acknowledges  that he is
aware that the Shares issued  pursuant to this  exercise may be restricted  from
transfer.

                                       Name_______________________________
                                                         (Please Print)

                                       Address_____________________________

                                       Signature____________________________

Dated____________________

                                  Page 18 of 22

                             STOCK OPTION AGREEMENT

                                    EXHIBIT C

STOCK OPTION AGREEMENT dated as of February 7, 2000, by and between MegaMedia
Networks, Inc. and Steve H. Noble, III,, (the "Optionee").

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

     In  consideration  for the Optionee  signing an employment  Agreement  (the
"Employment  Agreement")  with MegaMedia  Networks,  Inc. (the Company") and for
other good and valuable consideration,  receipt of which is hereby acknowledged,
MegaMedia  Networks  hereby grants the Optionee the option to acquire  shares of
the common stock of the Company upon the following terms and conditions:

13.  GRANT OF OPTION

     A.   The Company  hereby  grants to the  Optionee the right and option (the
          "Option")  to  purchase  up to 100,000  fully paid and  non-assessable
          shares of Common  Stock par value $.01 per share of the  Company  (the
          "Shares"), subject to the vesting provisions described below.

     B.   This Option shall vest in Executive on the earliest to occur of the
          following:

          (i)    On February 6, 2003,  provided that Executive  remains employed
                 by Company, a parent or subsidiary corporation of Company; or

          (viii) Upon termination of Executive's employment by Company without

<PAGE>

                 "Cause" as defined in  paragraph 9D of  Executive's  Employment
                 Agreement of even date herewith prior to February 6, 2003; or

          (ix)   Upon  Executive's  voluntary  termination of his employment for
                 "Constructive Discharge" as defined paragraph 9C of Executive's
                 Employment Agreement of even date herewith prior to February 6,
                 2003; or

          (x)    Upon a "change  in  control"  of the  Company,  which  shall be
                 defined  as (i) a sale,  purchase,  merger  or  other  business
                 combination  which  results in  transfer to a third party of an
                 ownership  interest  of greater  than 50% of the Company or any
                 successor  entity  to the  Company,  or  (ii) a sale  of all or
                 substantially  all of the Company's assets prior to February 6,
                 2003.

     C.   The Option once vested,  may be exercised  during the period  ("Option
          Period")  commencing  on February 6, 2003,  and  expiring at 5:00 p.m.
          Eastern  Standard  Time on February 6, 2013 at which time the Optionee
          shall have no further right to purchase any Shares not then purchased.
          MegaMedia  Networks  shall at all times  during  this  Agreement  have
          available  such number of Shares of Common Stock as will be sufficient
          to satisfy the Option.

     D.   It is not  intended  that these  Options  qualify as  Incentive  Stock
          Options  within the meaning of Section  422A of the  Internal  Revenue
          Code of 1986, as amended (the "Code").

14.  EXERCISE PRICE

     The  exercise  price of the Option  (the  "Exercise  Price")  shall be Five
     Dollars ($5.00) per Share,  and shall be payable by certified or bank check
     payable  to the  order  of  MegaMedia  Networks  in full at the time of the
     exercise.  As an alternative,  Optionee may present Shares already owned by
     the Optionee with a market value at least equal to the  aggregate  Exercise
     Price of the Options which Optionee seeks to exercise.

                                  Page 19 of 22

15.  EXERCISE OF OPTION

     The  Optionee may  exercise  this Option in whole or in part,  by providing
     notice to the  MegaMedia  Networks,  in the form  attached as Exhibit A, by
     registered,  or certified mail, return receipt  requested,  or by overnight
     mail or personal  delivery,  addressed to its principal  office,  signed by
     Optionee,  indicating  the number of Options  which he desires to exercise.
     The notice shall be accompanied by payment of the Option Price as specified
     in  Paragraph  2 above.  As soon as  practicable  after the receipt of such
     notice of exercise,  MegaMedia  Networks shall cause the Company's transfer
     agent to issue to the Optionee  certificates  issued in the Optionee's name
     evidencing the Shares purchased by the Optionee.

16.  DEATH OF OPTIONEE

     In the event of the death of the Optionee,  any unexercised  portion of his
     or her Option  shall be  exercisable  (to the extent  that such  Option was
     exercisable  at the time of his or her death) for sixty (60) days after the
     Optionee's  death only by his  personal  representative  or such persons to
     whom the deceased  Option's  rights shall pass under the Optionee's will or
     by the laws of descent and distribution.

17.  NON-TRANSFERABILITY OF OPTION

     The Optionee may not give,  grant,  sell,  exchange,  transfer legal title,
     pledge,  assign or  otherwise  encumber  or  dispose  of the  Option or any
     interest therein, otherwise than by will or laws of descent and

<PAGE>

     distribution and, except as provided in this paragraph and paragraph 4, the
     Option shall be  exercisable  only by the Optionee.  Upon any attempt to so
     transfer the Option,  or upon the levy or attachment or similar  process of
     the Option, the Option shall automatically become null and void.

18.  RESTRICTION OF ISSUANCE OF SHARES - INVESTMENT REPRESENTATION

     By accepting the Option, the Optionee agrees for himself,  his or her heirs
     and  legatees  that any and all Shares  purchased  upon the exercise of the
     Option shall be acquired for investment and not for distribution.  Upon the
     issuance of any or all of the Shares subject to the Option, the Company, in
     its discretion,  may require the Optionee,  or his or her heirs or legatees
     receiving  such  Shares  to  deliver  to the  Company a  representation  in
     writing, in a from satisfactory to the Board of Directors, that such Shares
     are being acquired in good faith for  investment and not for  distribution.
     The Company may place a "stop  transfer"  order with respect to such Shares
     with its transfer agent and will place an appropriate restrictive legend on
     the certificate(s)  evidencing such Shares.  Any stock certificates  issued
     upon the exercise of the Option may bear an appropriate restrictive legend,
     if deemed  necessary  by the  Company.  The Company  agrees to register the
     Shares as part of any Form S-8  registration  by the Company for so long as
     any Shares subject to Options remain outstanding.

7.   ADJUSTMENTS UPON CHANGES IN CAPITALIZATION

     E.   In the event of changes in the  outstanding  shares of the  Company by
          reason  of stock  dividends,  split-ups,  recapitalizations,  mergers,
          consolidations,  combinations  or  exchanges  of shares,  separations,
          reorganizations or liquidations, the number and class of shares or the
          amount  of cash or  other  assets  or  securities  available  upon the
          exercise of the Option and he Exercise Price shall be  correspondingly
          adjusted.

     F.   Any adjustment in the number of Shares shall apply  proportionately to
          only the then unexercised  portion of the Option. If fractional Shares
          would result from any such adjustment, the adjustment shall be revised
          to the next higher whole number.

8.   NO RIGHTS AS STOCKHOLDER

     The Optionee  shall have no rights as a  stockholder  in Shares as to which
     the Option has not been exercised.

                                  Page 20 of 22

9.   TAXES

     The Company may make such  provisions  as it may deem  appropriate  for the
     withholding of any taxes which it determines is required in connection with
     the exercise of the Option granted hereby.  The Company may further require
     notification  from the Optionee  upon any  disposition  of Shares  acquired
     pursuant to the exercise of the Options granted hereunder.

12.  BINDING EFFECT

     Except as herein  otherwise  expressly  provided,  this Agreement  shall be
     binding  upon and shall inure to the benefit of the parties  hereto,  their
     legal representatives and assigns.

11.  GOVERNING LAW

     This  Agreement  shall be governed by and construed in accordance  with the
     laws of the  State  of  Florida  applicable  to  agreements  made and to be
     performed wholly within the State of Florida.

<PAGE>

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

--------------------------------            -------------------------------
Witness_________________________            MegaMedia Networks, Inc.
                                            By:William A. Mobley, Jr., President

---------------------------------           -------------------------------
Witness:_________________________           Optionee: STEVE H. NOBLE, III

                                  Page 21 of 22

                                    EXHIBIT A

                                  EXERCISE FORM

          (To be Executed If Optionee Desires to Exercise the Options)

TO:   MegaMedia Networks, Inc.

     The  undersigned,  being the  Optionee of certain  options  ("Options")  to
purchase shares of common stock of MegaMedia  Networks,  Inc. (the "Company" and
the  "Shares"),  under the  conditions  thereof,  hereby  exercises  Options  to
purchase  _____________  Shares  evidenced by the within Option  Agreement,  and
herewith  makes  payment of the  exercise  price in full in cash or  immediately
available  funds or by  presenting  shares  already owned by the Optionee with a
market value at lease equal to the aggregate  exercise  price due.  Kindly issue
all Shares to the undersigned and deliver them to the undersigned at the address
stated  below.  If  such  number  of  Shares  shall  not be  all  of the  Shares
purchasable  under  the  within  Option  Agreement,  please  issue a new  Option
Agreement  of like tenor for the  balance of the  remaining  Shares  purchasable
hereunder to be delivered to the undersigned at the address stated below.

     By signing below,  the Undersigned  acknowledges  that he has received such
financial and other information to his or her satisfaction regarding the Company
as he requires to make an informed investment decision.  The Undersigned has had
the opportunity to ask questions and receive answers from the Company  regarding
the Shares and the Company.  The  Undersigned  further  acknowledges  that he is
aware that the Shares issued  pursuant to this  exercise may be restricted  from
transfer.

                                          Name_______________________________
                                                            (Please Print)

                                          Address_____________________________

                                          Signature____________________________

Dated____________________

                                  Page 22 of 22

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