Document:

MODIFICATION AGREEMENT

          THIS MODIFICATION  AGREEMENT (the "Agreement") is made as of September
19, 2000 by and between SALES ONLINE DIRECT,  INC., a Delaware  corporation (the
"Company") and the AUGUSTINE FUND, L.P. (the "Buyer").

                                   WITNESSETH

         R.1 On March 23,  2000 (the  "Transaction  Date"),  the Company and the
Buyer entered into a Securities  Purchase  Agreement (the "Purchase  Agreement")
pursuant to which the Buyer  purchased from the Company a Series A Eight Percent
Convertible  Note (the "Note")  convertible  into shares of the Company's common
stock, par value $.001 per share (the "Common Stock"), with the first payment of
interest to be made on September 30, 2000 (the "Interest Due Date").

         R.2. In  connection  with the issuance of the Note,  the Buyer was also
granted a five year warrant to purchase  300,000 shares of the Company's  Common
Stock and the  placement  agent,  Delano  Group  Securities,  LLC, was granted a
warrant to purchase 100,000 shares (collectively, the "Warrants").

         R.3. In connection with the issuance of the Note and the Warrants,  the
Company and the Buyer  executed a  Registration  Rights  Agreement,  pursuant to
which the Company  agreed to file with the  Securities  and Exchange  Commission
(the "Commission")  within 180 days after the closing date (the "Filing Date") a
Registration  Statement  for the resale of the shares of Common  Stock  issuable
upon the  conversion  of the Note and the exercise of the Warrants (the Purchase
Agreement,  the Note, the Warrants,  and the  Registration  Rights Agreement are
collectively   referred  to  herein  as  the   "Transaction   Documents").   The
Registration  Rights Agreement further provides that the Registration  Statement
shall be  declared  effective  by the  Commission  by  September  30,  2000 (the
"Effectiveness  Date") and if such  Registration  Statement  is not filed by the
Filing Date or declared  effective by the Effectiveness  Date, the Company shall
pay certain liquidated damages to the Buyer.

         R.4 The Company  and the Buyer  agreed to extend (i) the  Interest  Due
Date from September 30, 2000 to October 31, 2000,  (ii) the Filing Date from the
180th  day  following  the  closing  date to  October  25,  2000,  and (iii) the
Effectiveness Date from September 30, 2000 to December 15, 2000.

         NOW, THEREFORE,  for good and valuable  consideration,  the receipt and
sufficiency of which are hereby  acknowledged,  the Company and the Buyer hereby
agree as follows:

          1.  Recitals;  Definitions.  The recitals set forth above are true and
correct  in  every  respect  and  are  incorporated  herein  by  reference.  Any
capitalized  terms  contained  herein not defined  herein shall have the meaning
assigned to such term in the Purchase  Agreement,  Note, or Registration  Rights
Agreement.

<PAGE>

          2.  Amendment to Note. The Note is hereby amended by deleting from the
first  sentence  of the  second  paragraph  of the first page the  reference  to
"September 30, 2000" and inserting "October 31, 2000" in lieu thereof.

          3. Amendments to Registration Rights Agreement.

              (a)  Section 1 of the  Registration  Rights  Agreement,  captioned
Definitions is hereby amended as follows:

                   (i) The definition  captioned  "Effectiveness Date" is hereby
amended and  hereafter  the  Effectiveness  Date shall mean with  respect to the
Registration Statement December 15, 2000.

                   (ii) The definition captioned "Filing Date" is hereby amended
and hereafter the Filing Date means October 25, 2000.

                   (iii)  Section 7(e)  captioned  Failure to File  Registration
Statement       and       Other       Events       is       hereby       amended
by   inserting   the following immediately following the third sentence:

                  "In  calculating  the  Periodic  Amount,  the thirty  (30) day
                  periods shall be calculated beginning on September 23, 2000."

         4. Not a Novation. The Company and the Buyer each ratifies and confirms
all of its  liabilities  and  obligations  under the  Transaction  Documents and
agrees that,  except as expressly  modified by this  Agreement,  the Transaction
Documents  continue  in full force and  effect.  The Company and the Buyer agree
that this  Agreement  shall not be construed as an agreement to  extinguish  the
Company's  original  obligations under the Note and other Transaction  Documents
and shall not  constitute a novation as to the  obligations of the Company under
the Note.

         5.  Registration  Rights  Agreement  and Note.  The term  "Registration
Rights Agreement" shall hereinafter mean the Registration Rights Agreement dated
the Transaction Date, as amended and modified by this Agreement. The term "Note"
shall  hereinafter  mean the Series A Eight Percent  Convertible  Note dated the
Transaction Date, as amended and modified by this Agreement.

         6.  Amendment.  The Transaction  Documents may not be further  amended,
altered or extended without, in each instance,  the prior written consent of the
parties.

         7.  Counterparts.  This  Agreement  may be  executed  in any  number of
counterparts, all of which when taken together shall constitute one Agreement.

         8. Successors and Assigns. Whenever used herein the words "Company" and
"Buyer" shall be deemed to include their respective  successors and assigns. All

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<PAGE>

words used herein shall be deemed to refer to the singular,  plural,  masculine,
feminine  or neuter as the  identity  of the person or entity or the context may
require.

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<PAGE>

         IN WITNESS WHEREOF the Company and the Buyer have caused this Agreement
to be executed under seal as the date first above written.

WITNESS/ATTEST:                           SALES ONLINE DIRECT, INC.

_______________________________         By:/s/ Gregory P. Rotman (SEAL)
                                        -------------------------------
                                           Gregory P. Rotman (Name)
                                           CEO Sales Online Direct, Inc.(Title)

                                          AUGUSTINE FUND, L.P.

/s/ David M. Matteson                   By: /s/ Thomas F. Duszynsky (SEAL)
----------------------------------      ----------------------------------
General Counsel                            Thomas F. Duszynsky (Name)
                                           COO, Augustine Capital Management,
                                             General Partner (Title)

                                       4CONSULTING AGREEMENT

      This CONSULTING AGREEMENT  ("Agreement") made and entered into as of the
14th day of  September  2000,  by and between 5th Avenue  Channel  Corp.  (the
"Corporation"), and Gerald C. Parker (the "Consultant").

1.    APPOINTMENT OF CONSULTANT. The Corporation appoints the Consultant and the
      Consultant accepts appointment on the terms and conditions provided in
      this Agreement as a consultant to the Corporation's business, including
      any other corporations hereafter formed or acquired by the Corporation to
      engage in any business.

2.    BOARD OF DIRECTORS SUPERVISION. The activities of the Consultant to be
      performed under this Agreement shall be subject to the supervision of the
      Board of Directors of the Corporation (the "Board") to the extent required
      by applicable law or regulation and subject to reasonable policies not
      inconsistent with the terms of this Agreement adopted by the Board and in
      effect from time to time. Where not required by applicable law or
      regulation, the Consultant shall not require the prior approval of the
      Board to perform its duties under this Agreement. The Board has approved
      this agreement.

3.    SERVICES OF CONSULTANT. Subject to any limitations imposed by applicable
      law or regulation, the Consultant shall render all of the management and
      consulting services to the Corporation described herein (the "Services").
      Which services shall include advice and assistance concerning any and all
      aspects of the operations and planning of the Corporation as needed from
      time to time. These services shall include but not be limited to assisting
      the Corporation in its relations with accountants, and attorneys. The
      Consultant will also make reports to the Corporation as requested by the
      Board of Directors. The Consultant will use its best efforts to cause its
      employees and agents to give the Corporation the benefit of their special
      knowledge, skill and business expertise to the extent relevant to the
      Corporation's business and affairs. The Consultant shall make
      introductions to companies who are possible strategic partners, and assist
      the Corporation in developing strategic relationships with these
      companies. At present the Consultant has introduced the Corporation to
      ByeByeNOW, Inc. for possible consolidation of studio facilities and other
      matters, Digital2Me, Inc. for the opportunity of using Digital 2Me's
      technology for possibly offering the Corporation's video-based products on
      a pay-per view basis, New Millennium, Inc, and Fusion 5, Inc. The
      Consultant shall find, interview and assist the Corporation in hiring
      executives as the need for such executives arises. In addition, the
      consultant shall render advice and expertise in connection with any
      acquisitions or dispositions taken by the Corporation and shall from time
      to time bring to the attention of the Corporation acquisition
      opportunities as the Consultant deems appropriate in its sole discretion.

4.    REIMBURSEMENT OF EXPENSES; INDEPENDENT CONTRACTOR. All obligations or
      expenses reasonably incurred by the Consultant in the performance of its
      duties under this Agreement, which are performed with the prior written or
      oral approval of the Corporation shall be for the account of, on behalf
      of, and at the expense of the Corporation. Provided that no such written
      or oral approval shall be required for reimbursement of any individual
      expense that is less than $500. The Consultant shall not be obligated to
      make any advance to or for the account of the Corporation without
      assurance that the necessary funds are held in accounts maintained by the
      Corporation; nor shall the Consultant be obligated to incur any liability
      or obligation for the account of the Corporation without assurance that
      the necessary funds for the discharge of such liability or obligation will
      be provided. The Corporation shall reimburse each such expense within 15
      days of submission by the Consultant to the Corporation of a properly
      documented expense report. The Consultant shall be an independent
      contractor, and nothing contained in this Agreement shall be deemed or
      construed (i) to create a partnership or joint venture between the
      Corporation and the Consultant; or (ii) to cause the Consultant to be
      responsible in any way for the debts, liabilities or obligations of the
      Corporation or any other party; or (iii) to constitute the Consultant or
      any of its

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<PAGE>

      employees as employees, officers or agents of the Corporation. The
      Consultant shall not hold itself out or permit itself to be regarded (to
      the extent practical) as an employee, officer or agent of the Corporation
      and shall strictly avoid any act or omission that may reasonably lead to a
      contractual or tortuous claim against or liability to the Corporation.

5.    OTHER ACTIVITIES OF CONSULTANT. The Corporation acknowledges and agrees
      that neither the Consultant nor any of the Consultant's employees,
      officers, directors, affiliates or associates shall be required to devote
      full time business efforts to the duties of the Consultant specified in
      this Agreement, but instead shall devote only so much of such time and
      efforts as the Consultant reasonably deems necessary to fulfill its
      obligations under this Agreement. The Corporation further acknowledges and
      agrees that the Consultant and its affiliates are engaged in the business
      of managing and consulting businesses for the Consultant's own account and
      for the account of unaffiliated parties, and understands that the
      Consultant plans to continue to be engaged in such businesses (and other
      business or investment activities) during the term of the Agreement. No
      aspect or element of such activities shall be deemed to be engaged in for
      the benefit of the Corporation or any of its subsidiaries or to constitute
      a conflict of interest. Furthermore, notwithstanding anything herein to
      the contrary, the Consultant shall be required to bring only such business
      opportunities to the attention of the Corporation as the Consultant, in
      its sole discretion, deems appropriate.

6.    COMPENSATION OF CONSULTANT. In consideration of Consultant's agreement to
      provide the management services described herein, the Corporation will pay
      to Consultant the following:

           a.    500,000 shares of the corporation's common stock for which S-8
                 registration will be made.
           b.    Options to purchase 500,000 shares of the corporation's common
                 stock at the strike price of $.50 per share.
           c.    Options to purchase 500,000 shares of the corporation's common
                 stock at a strike price of $1.00 per share.
           d.    Options to purchase 500,000 shares of the corporation's common
                 stock at a strike price of $1.50 per share.

      These options shall vest immediately. These options shall expire 3 years
      from the date of this agreement, unless, by November 14, 2000, the
      Corporation's Common Stock has not had a bid price of at least $1.00 per
      share for a minimum of 10 consecutive trading days, (The NASDAQ
      Requirement). In the event the NASDAQ Requirement has not been met, either
      party has the right to cancel the options by November 24, 2000, and in
      such an event Consultant shall be entitled to receive a fee of one
      thousand ($1,000) dollars for each business day that it can establish that
      it provided services to the Corporation. The shares issued pursuant to the
      options shall have "piggyback" demand registration rights. "Piggyback"
      demand registration rights entitle Consultant to have shares registered
      with the next filing of the registration statement by the Corporation.

7.    TERM. This Agreement shall commence as of the date hereof and shall remain
      in effect through December 31, 2002 unless either party exercises its
      right to cancel the options for failure to meet the NASDAQ Requirement. In
      that event this Agreement is immediately terminated and, other than as
      provided in the Convertible Debenture and paragraph 6 in this Agreement,
      the parties shall have no claims against each other.

8.    TERMINATION UPON BREACH. Either the Corporation or the Consultant may
      terminate this Agreement in the event of the breach of any of the material
      terms or provisions of this Agreement by the other party, which breach is
      not cured within 10 business days after written notice of the same is
      given to the party alleged to be in breach by the other party.

9.    STANDARD OF CARE. The Consultant (including any person or entity acting
      for or on behalf of the Consultant) shall not be liable for any damages
      suffered by the Corporation which are caused by

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<PAGE>

      any mistake of fact, errors of judgment, or by any acts or omissions of
      any kind of the Consultant, unless caused by the intentional misconduct,
      recklessness or gross negligence of the Consultant.

10.   CONFIDENTIALITY. All information, knowledge and data relating to or
      concerned with the operations, business and affairs of the Consultant or
      the Corporation which are exchanged by the parties hereto in connection
      with the performance by the Consultant of its duties hereunder shall be
      the property of the Corporation. The information, knowledge and data shall
      be treated as confidential information and shall be held in a fiduciary
      capacity by the parties hereunder. Neither the Consultant nor the
      Corporation shall disclose or divulge such information to any firm,
      person, corporation, or other entity other than as required by law or in
      connection with the performance of its duties hereunder.

11.   NON-COMPETITION. During the "Restricted Period" (as hereinafter defined),
      the Consultant agrees not to (and shall cause each of its employees and
      Affiliates not to) directly or indirectly, alone or as a partner, officer,
      director, employee, consultant, agent, independent contractor, member or
      stockholder of an company or person, engage in (or have a pecuniary,
      financial or beneficial interest in) the business of the Corporation. The
      Consultant further agrees that, during the Restricted Period, the
      Consultant shall not in any capacity, either separately, jointly or in
      association with others, directly or indirectly do any of the following:
      (a) employ or seek to employ any person or agent who is then employed or
      retained by the Corporation (or who was so employed or retained at any
      time within the two (2) years prior to the date either Consultant employs
      or seeks to employ such person); and (b) solicit, induce, or influence any
      proprietor, partner, stockholder, lender, director, officer, employee,
      joint venture, investor, consultant, agent, lesser, supplier, customer or
      any other person which has a business relationship with the Corporation or
      any subsidiary, at any time during the Restricted Period, to discontinue
      or reduce or modify the extent of such relationship with the Corporation.
      The Restricted Period shall mean one year after the date of termination of
      this Agreement.

12.   INDEMNIFICATION OF CONSULTANT. The Corporation hereby agrees to indemnify
      and hold harmless the Consultant and its present and future officers,
      directors, affiliates, employees, and agents, ("Indemnified Parties") to
      the fullest extent permitted by law for actions of the Corporation set
      forth in Schedule B. The Corporation further agrees to reimburse the
      Indemnified Parties on a monthly basis for any cost of defending any
      action or investigation (including attorney's fees and expenses) subject
      to an undertaking from such Indemnified Party to repay the Corporation if
      such party is determined not to be entitled to such indemnity.

13.   INDEMNIFICATION OF THE CORPORATION The Consultant hereby agrees to
      indemnify and hold harmless the Consultant and its present and future
      officers, directors, affiliates, employees, and agents, ("Indemnified
      Corporate Parties") to the fullest extent permitted by law for actions of
      the Consultant set forth in Schedule B. The Corporation further agrees to
      reimburse the Indemnified Corporate Parties on a monthly basis for any
      cost of defending any action or investigation (including attorney's fees
      and expenses) subject to an undertaking from such Indemnified Party to
      repay the Company if such party is determined not to be entitled to such
      indemnity.

14.   ASSIGNMENT. Without the consent of the Consultant, the Corporation shall
      not assign, transfer or convey any of its rights, duties or interest under
      this Agreement; nor shall it delegate any of the obligations or duties
      required to be kept or performed by it hereunder. The Consultant shall not
      assign, transfer or convey any of its rights, duties or interests under
      this Agreement, nor shall it delegate any of the obligations or duties
      required to be kept or performed by it under this Agreement, except that
      the Consultant may transfer its rights and obligations hereunder to one if
      its affiliates, or to an assignee who utilizes the services of employees
      of the Consultant.

15.   NOTICES. All notices, demands, consents, approvals and requests given by
      either party to the other hereunder shall be in writing and shall be
      personally delivered or sent by registered or certified mail, return
      receipt requested, postage prepaid, to the parties at the following
      addresses:

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<PAGE>

           If to the Corporation:   Melvin Rosen
                                    President
                                    5th Avenue Channel Corporation
                                    3957 NE 163RD St
                                    North Miami, Fl 33160

                                    If to the Consultant:
                                    Gerald C. Parker
                                    7820 South Holiday Drive
                                    Sarasota, Fl 34321

      Any party may at any time change its respective address by sending written
      notice to the other party of the change in the manner hereinabove
      prescribed.

16.   SEVERABILITY. If any term or provision of this Agreement or the
      application thereof to any person or circumstance shall, to any extent, be
      invalid or unenforceable, the remainder of this Agreement, or the
      application of such term or provision to persons or circumstances other
      than those as to which it is held invalid or enforceable, shall be valid
      and be enforced to the fullest extent permitted by law.

17.   NO WAIVER. The failure by any party to exercise any right, remedy or
      elections herein contained, or permitted by law, shall not constitute or
      be construed as a waiver or relinquishment for the future exercise of such
      right, remedy or election, but the same shall continue and remain in full
      force and effect. All rights and remedies that any party may have at law,
      in equity or otherwise upon breach of any term or condition of this
      Agreement, shall be distinct, separate and cumulative rights and remedies
      and no one of them, whether exercised or not, shall be deemed to be in
      exclusion of any other right or remedy.

18.   ENTIRE AGREEMENT. This Agreement contains the entire agreement between the
      parities hereto with respect to the matters herein contained and any
      change or modification must be in writing and signed by the party against
      whom enforcement of the change or modification is sought.

19.   GOVERNING  LAWS This  Agreement  shall be governed by and  construed  in
      accordance with the laws of the State of Florida.

      IN WITNESS WHEREOF, if the parties hereto have caused this Consulting
      Agreement to be duly executed by their authorized representatives as of
      the date first above written.

      5TH Avenue Channel Corporation           Gerald C. Parker

      /s/ MELVIN ROSEN                         /s/ GERALD C. PARKER
      ---------------------------------        -----------------------
      Melvin Rosen, CEO/President

                                       4
<PAGE>
                              CONSULTING AGREEMENT

      This CONSULTING AGREEMENT  ("Agreement") made and entered into as of the
14th day of  September  2000,  by and between 5th Avenue  Channel  Corp.  (the
"Corporation"), and Andrew M. Badolato (the "Consultant").

1.    APPOINTMENT OF CONSULTANT. The Corporation appoints the Consultant and the
      Consultant accepts appointment on the terms and conditions provided in
      this Agreement as a consultant to the Corporation's business, including
      any other corporations hereafter formed or acquired by the Corporation to
      engage in any business.

2.    BOARD OF DIRECTORS SUPERVISION. The activities of the Consultant to be
      performed under this Agreement shall be subject to the supervision of the
      Board of Directors of the Corporation (the "Board") to the extent required
      by applicable law or regulation and subject to reasonable policies not
      inconsistent with the terms of this Agreement adopted by the Board and in
      effect from time to time. Where not required by applicable law or
      regulation, the Consultant shall not require the prior approval of the
      Board to perform its duties under this Agreement. The Board has approved
      this agreement.

3.    SERVICES OF CONSULTANT. Subject to any limitations imposed by applicable
      law or regulation, the Consultant shall render all of the management and
      consulting services to the Corporation described herein (the "Services").
      Which services shall include advice and assistance concerning any and all
      aspects of the operations and planning of the Corporation as needed from
      time to time. These services shall include but not be limited to assisting
      the Corporation in its relations with accountants, and attorneys. The
      Consultant will also make reports to the Corporation as requested by the
      Board of Directors. The Consultant will use its best efforts to cause its
      employees and agents to give the Corporation the benefit of their special
      knowledge, skill and business expertise to the extent relevant to the
      Corporation's business and affairs. The Consultant shall make
      introductions to companies who are possible strategic partners, and assist
      the Corporation in developing strategic relationships with these
      companies. At present the Consultant has introduced the Corporation to
      ByeByeNOW, Inc. for possible consolidation of studio facilities and other
      matters, Digital2Me, Inc. for the opportunity of using Digital 2Me's
      technology for possibly offering the Corporation's video-based products on
      a pay-per view basis, New Millennium, Inc, and Fusion 5, Inc. The
      Consultant shall find, interview and assist the Corporation in hiring
      executives as the need for such executives arises. In addition, the
      consultant shall render advice and expertise in connection with any
      acquisitions or dispositions taken by the Corporation and shall from time
      to time bring to the attention of the Corporation acquisition
      opportunities as the Consultant deems appropriate in its sole discretion.

4.    REIMBURSEMENT OF EXPENSES; INDEPENDENT CONTRACTOR. All obligations or
      expenses reasonably incurred by the Consultant in the performance of its
      duties under this Agreement, which are performed with the prior written or
      oral approval of the Corporation shall be for the account of, on behalf
      of, and at the expense of the Corporation. Provided that no such written
      or oral approval shall be required for reimbursement of any individual
      expense that is less than $500. The Consultant shall not be obligated to
      make any advance to or for the account of the Corporation without
      assurance that the necessary funds are held in accounts maintained by the
      Corporation; nor shall the Consultant be obligated to incur any liability
      or obligation for the account of the Corporation without assurance that
      the necessary funds for the discharge of such liability or obligation will
      be provided. The Corporation shall reimburse each such expense within 15
      days of submission by the Consultant to the Corporation of a properly
      documented expense report. The Consultant shall be an independent
      contractor, and nothing contained in this Agreement shall be deemed or
      construed (i) to create a partnership or joint venture between the
      Corporation and the Consultant; or (ii) to cause the Consultant to be
      responsible in any way for the debts, liabilities or obligations of the
      Corporation or any other party; or (iii) to constitute the Consultant or
      any of its

                                       1
<PAGE>
      employees as employees, officers or agents of the Corporation. The
      Consultant shall not hold itself out or permit itself to be regarded (to
      the extent practical) as an employee, officer or agent of the Corporation
      and shall strictly avoid any act or omission that may reasonably lead to a
      contractual or tortuous claim against or liability to the Corporation.

5.    OTHER ACTIVITIES OF CONSULTANT. The Corporation acknowledges and agrees
      that neither the Consultant nor any of the Consultant's employees,
      officers, directors, affiliates or associates shall be required to devote
      full time business efforts to the duties of the Consultant specified in
      this Agreement, but instead shall devote only so much of such time and
      efforts as the Consultant reasonably deems necessary to fulfill its
      obligations under this Agreement. The Corporation further acknowledges and
      agrees that the Consultant and its affiliates are engaged in the business
      of managing and consulting businesses for the Consultant's own account and
      for the account of unaffiliated parties, and understands that the
      Consultant plans to continue to be engaged in such businesses (and other
      business or investment activities) during the term of the Agreement. No
      aspect or element of such activities shall be deemed to be engaged in for
      the benefit of the Corporation or any of its subsidiaries or to constitute
      a conflict of interest. Furthermore, notwithstanding anything herein to
      the contrary, the Consultant shall be required to bring only such business
      opportunities to the attention of the Corporation as the Consultant, in
      its sole discretion, deems appropriate.

6.    COMPENSATION OF CONSULTANT. In consideration of Consultant's agreement to
      provide the management services described herein, the Corporation will pay
      to Consultant the following:

           a.    500,000 shares of the corporation's common stock for which S-8
                 registration will be made.
           b.    Options to purchase 500,000 shares of the corporation's common
                 stock at the strike price of $.50 per share.
           c.    Options to purchase 500,000 shares of the corporation's common
                 stock at a strike price of $1.00 per share.
           d.    Options to purchase 500,000 shares of the corporation's common
                 stock at a strike price of $1.50 per share.

      These options shall vest immediately. These options shall expire 3 years
      from the date of this agreement, unless, by November 14, 2000, the
      Corporation's Common Stock has not had a bid price of at least $1.00 per
      share for a minimum of 10 consecutive trading days, (The NASDAQ
      Requirement). In the event the NASDAQ Requirement has not been met, either
      party has the right to cancel the options by November 24, 2000, and in
      such an event Consultant shall be entitled to receive a fee of one
      thousand ($1,000) dollars for each business day that it can establish that
      it provided services to the Corporation. The shares issued pursuant to the
      options shall have "piggyback" demand registration rights. "Piggyback"
      demand registration rights entitle Consultant to have shares registered
      with the next filing of the registration statement by the Corporation.

7.    TERM. This Agreement shall commence as of the date hereof and shall remain
      in effect through December 31, 2002 unless either party exercises its
      right to cancel the options for failure to meet the NASDAQ Requirement. In
      that event this Agreement is immediately terminated and, other than as
      provided in the Convertible Debenture and paragraph 6 in this Agreement,
      the parties shall have no claims against each other.

8.    TERMINATION UPON BREACH. Either the Corporation or the Consultant may
      terminate this Agreement in the event of the breach of any of the material
      terms or provisions of this Agreement by the other party, which breach is
      not cured within 10 business days after written notice of the same is
      given to the party alleged to be in breach by the other party.

9.    STANDARD OF CARE. The Consultant (including any person or entity acting
      for or on behalf of the Consultant) shall not be liable for any damages
      suffered by the Corporation which are caused by

                                       2
<PAGE>

      any mistake of fact, errors of judgment, or by any acts or omissions of
      any kind of the Consultant, unless caused by the intentional misconduct,
      recklessness or gross negligence of the Consultant.

10.   CONFIDENTIALITY. All information, knowledge and data relating to or
      concerned with the operations, business and affairs of the Consultant or
      the Corporation which are exchanged by the parties hereto in connection
      with the performance by the Consultant of its duties hereunder shall be
      the property of the Corporation. The information, knowledge and data shall
      be treated as confidential information and shall be held in a fiduciary
      capacity by the parties hereunder. Neither the Consultant nor the
      Corporation shall disclose or divulge such information to any firm,
      person, corporation, or other entity other than as required by law or in
      connection with the performance of its duties hereunder.

11.   NON-COMPETITION. During the "Restricted Period" (as hereinafter defined),
      the Consultant agrees not to (and shall cause each of its employees and
      Affiliates not to) directly or indirectly, alone or as a partner, officer,
      director, employee, consultant, agent, independent contractor, member or
      stockholder of an company or person, engage in (or have a pecuniary,
      financial or beneficial interest in) the business of the Corporation. The
      Consultant further agrees that, during the Restricted Period, the
      Consultant shall not in any capacity, either separately, jointly or in
      association with others, directly or indirectly do any of the following:
      (a) employ or seek to employ any person or agent who is then employed or
      retained by the Corporation (or who was so employed or retained at any
      time within the two (2) years prior to the date either Consultant employs
      or seeks to employ such person); and (b) solicit, induce, or influence any
      proprietor, partner, stockholder, lender, director, officer, employee,
      joint venture, investor, consultant, agent, lesser, supplier, customer or
      any other person which has a business relationship with the Corporation or
      any subsidiary, at any time during the Restricted Period, to discontinue
      or reduce or modify the extent of such relationship with the Corporation.
      The Restricted Period shall mean one year after the date of termination of
      this Agreement.

12.   INDEMNIFICATION OF CONSULTANT. The Corporation hereby agrees to indemnify
      and hold harmless the Consultant and its present and future officers,
      directors, affiliates, employees, and agents, ("Indemnified Parties") to
      the fullest extent permitted by law for actions of the Corporation set
      forth in Schedule B. The Corporation further agrees to reimburse the
      Indemnified Parties on a monthly basis for any cost of defending any
      action or investigation (including attorney's fees and expenses) subject
      to an undertaking from such Indemnified Party to repay the Corporation if
      such party is determined not to be entitled to such indemnity.

13.   INDEMNIFICATION OF THE CORPORATION The Consultant hereby agrees to
      indemnify and hold harmless the Consultant and its present and future
      officers, directors, affiliates, employees, and agents, ("Indemnified
      Corporate Parties") to the fullest extent permitted by law for actions of
      the Consultant set forth in Schedule B. The Corporation further agrees to
      reimburse the Indemnified Corporate Parties on a monthly basis for any
      cost of defending any action or investigation (including attorney's fees
      and expenses) subject to an undertaking from such Indemnified Party to
      repay the Company if such party is determined not to be entitled to such
      indemnity.

14.   ASSIGNMENT. Without the consent of the Consultant, the Corporation shall
      not assign, transfer or convey any of its rights, duties or interest under
      this Agreement; nor shall it delegate any of the obligations or duties
      required to be kept or performed by it hereunder. The Consultant shall not
      assign, transfer or convey any of its rights, duties or interests under
      this Agreement, nor shall it delegate any of the obligations or duties
      required to be kept or performed by it under this Agreement, except that
      the Consultant may transfer its rights and obligations hereunder to one if
      its affiliates, or to an assignee who utilizes the services of employees
      of the Consultant.

15.   NOTICES. All notices, demands, consents, approvals and requests given by
      either party to the other hereunder shall be in writing and shall be
      personally delivered or sent by registered or certified mail, return
      receipt requested, postage prepaid, to the parties at the following
      addresses:

                                       3
<PAGE>

           If to the Corporation:   Melvin Rosen
                                    President
                                    5th Avenue Channel Corporation
                                    3957 NE 163RD St
                                    North Miami, Fl 33160

                                    If to the Consultant:
                                    Andrew M. Badolato
                                    7820 South Holiday Drive
                                    Sarasota, Fl  34321

      Any party may at any time change its respective address by sending written
      notice to the other party of the change in the manner hereinabove
      prescribed.

16.   SEVERABILITY. If any term or provision of this Agreement or the
      application thereof to any person or circumstance shall, to any extent, be
      invalid or unenforceable, the remainder of this Agreement, or the
      application of such term or provision to persons or circumstances other
      than those as to which it is held invalid or enforceable, shall be valid
      and be enforced to the fullest extent permitted by law.

17.   NO WAIVER. The failure by any party to exercise any right, remedy or
      elections herein contained, or permitted by law, shall not constitute or
      be construed as a waiver or relinquishment for the future exercise of such
      right, remedy or election, but the same shall continue and remain in full
      force and effect. All rights and remedies that any party may have at law,
      in equity or otherwise upon breach of any term or condition of this
      Agreement, shall be distinct, separate and cumulative rights and remedies
      and no one of them, whether exercised or not, shall be deemed to be in
      exclusion of any other right or remedy.

18.   ENTIRE AGREEMENT. This Agreement contains the entire agreement between the
      parities hereto with respect to the matters herein contained and any
      change or modification must be in writing and signed by the party against
      whom enforcement of the change or modification is sought.

19.   GOVERNING LAWS This Agreement shall be governed by and construed in
      accordance with the laws of the State of Florida.

      IN WITNESS WHEREOF, if the parties hereto have caused this Consulting
      Agreement to be duly executed by their authorized representatives as of
      the date first above written.

      5TH Avenue Channel Corporation           Andrew M. Badolato

      /s/ MELVIN ROSEN                         /s/ ANDREW M. BADOLATO
      ------------------------------           -----------------------
      Melvin Rosen, CEO/President

<PAGE>

                         MINUTES OF A SPECIAL MEETING OF

                            THE BOARD OF DIRECTORS OF

                          5TH AVENUE CHANNEL, CORP.

      A special meeting (the "meeting") of the Board of Directors of 5th Avenue
Channel Corporation ("Company") was held at the offices of the Company located
at 3957 NE 163rd Street, North Miami Beach, Florida 33160 on September 22, 2000.

      Notice of a Special Meeting was given in accordance with the terms of the
bylaws to all Directors. The following directors were present during the
teleconference:

      Mel Rosen - Chairman of the Board - CEO/President       Present
      Eric Lefkowitz - Vice President/Director                Present
      Dennis Devlin - Director - via teleconference           Present
      Nick Van Der Linden - Director                          Absent

      These directors constituted a majority of all the members of the Board of
Directors.

      Also present by invitation were:

      Aurelio Alonso - Chief Financial Officer                Present
      Tonia Troutwine - Administrator of Legal Affairs        Present

      Mel Rosen was  designated  Chairman of the  Meeting  and Eric  Lefkowitz
Secretary.

      The Secretary introduced each person present at the meeting and reviewed
the Agenda items. A copy of the Agenda and documents relating to the Agenda
items were previously distributed to each director. The Secretary then proceeded
with the discussion of the Agenda items.

      The Secretary then stated that the first order of business was the issue
of the consulting agreements with Gerry Parker and Andrew Badolato to assist and
give advice in all aspects of the operations and planning of the Corporation.
Discussions followed.

      Upon  motions  duly  made,  seconded  and  unanimously  carried  by  the
Directors of the Company, it was

      RESOLVED, that the Board of Directors hereby ratifies, adopts and approves
that the consulting agreements with Gerald Parker and Andrew Badolato be
ratified, adopted and approved.
<PAGE>

      The Secretary then stated that the next order of business was the issue of
compliance with NASDAQ requirements to maintain listed status. Discussions
followed.

      Upon  motions  duly  made,  seconded  and  unanimously  carried  by  the
Directors of the Company, it was

      RESOLVED, that the Board of Directors hereby ratifies, adopts and approves
that Mel convert his shares of debt into equity for the company, as long as it
is in compliance with any Florida, Federal or SEC regulations, in order to meet
the NASDAQ requirements and remain listed be ratified, adopted and approved.

      The Secretary then stated the next order of business was the issue of
Officer and Director contributions and repayment from the company for such
contributions made in the form of loans to the company. Discussions followed.

      Upon  motions  duly  made,  seconded  and  unanimously  carried  by  the
disinterested Directors of the Company, it was

      RESOLVED, that the Board of Directors hereby ratifies, adopts and approves
that Mel has committed over 3.5million dollars to the company and should be
repaid for interest, back pay, personal guarantee, funding and fundraising
efforts be ratified, adopted and approved.

      RESOLVED, that the Board of Directors hereby ratifies, adopts and approves
that Eric has committed monies to the company and should be repaid for interest,
back pay, personal guarantee, funding, fundraising efforts, additional
compensation and dilution of IBC shares by issuing restricted shares and
converting debt owed to Eric from the company into shares be ratified, adopted
and approved.

      RESOLVED, that the Board of Directors hereby ratifies, adopts and approves
that Dennis Devlin be repaid for expenses and work as a Director be ratified,
adopted and approved.

      The Secretary then stated the next order of business was the issue of the
loan from shareholder Sissel Klurman. Discussions followed.

      Upon  motions  duly  made,  seconded  and  unanimously  carried  by  the
disinterested Directors of the Company, it was

      RESOLVED, that the Board of Directors hereby ratifies, adopts and approves
that the terms of the loan granted to 5th Avenue Channel Corp. be ratified
adopted and approved.

      The Secretary then stated the next order of business was the issue of the
Employee Stock Option Plan. Discussions followed.
<PAGE>

      Upon  motions  duly  made,  seconded  and  unanimously  carried  by  the
disinterested Directors of the Company, it was

      RESOLVED, that the Board of Directors hereby ratifies, adopts and approves
that the Employee Stock Option Plan be ratified, adopted and approved.

      There being no further business to come before said meeting, upon motion
duly made, seconded and unanimously carried, the meeting was adjourned.

                                     /s/ ERIC LEFKOWITZ
                                    -----------------------------
                                    Secretary

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