Document:

AMENDED AND RESTATED EMPLOYMENT AGREEMENT
                    -----------------------------------------

         AGREEMENT dated as of February 15, 2002, to be effective as of December
1, 2001 by and between Webb Mortgage Depot, Inc. (hereinafter referred to as the
"Corporation"), and Byron J. Webb (hereinafter referred to as "Webb").

         WHEREAS, Webb and the Company entered into an employment agreement,
effective as of January 1, 2000 (the "Previous Employment Agreement")

         WHEREAS, the parties wish to amend the Employment Agreement to reduce
Webb's salary to $75,000 per annum, effective as of January 1, 2002 and to
remove all commission and revenue bonuses during fiscal 2001 and the remaining
term of the agreement;

         FOR VALUE RECEIVED, the parties hereto agree as follows:

         1. Employment and Compensation. Subject to the terms and conditions
hereof, the Corporation agrees that the total compensation payable to Webb
during fiscal 2001 shall be One Hundred Fifty Two Thousand Eight Hundred Seventy
Dollars ($152,870). Webb agrees to waive his right to receive any bonuses during
fiscal 2001, including but not limited to the commission revenue bonus and the
growth revenue bonus. During fiscal 2002 and 2003, Webb shall be entitlted to
receive compensation equal to Seventy Five Thousand Dollars ($75,000) per annum.

         2. Duties. During the period of his employment Webb shall serve as
Chief Executive Officer and shall serve as a member of the Board of Directors.
Webb will oversee all of the company's operations. While he is so employed Webb
shall devote his full business time, energy and attention to his duties
hereunder.

         3. Benefits and Expenses. Webb will be eligible to participate in all
benefit programs of the Corporation that are in effect for its personnel from
time to time. Webb will be reimbursed for all reasonable business expenses
incurred on behalf of Corporation while performing his duties, including but not
limited to reimbursement for travel, food and lodging for his required trips to
Puerto Rico.

         4. Termination of Employment. Upon termination of Webb's employment
hereunder for any reason other than death, physical or mental incapacity, fraud,
criminal acts, voluntary termination, breach of any provision of this agreement
or neglect of his duties, Webb will be entitled to continue to receive
compensation for a six-month period equivalent to what his salary would be for
that period.

         5. Covenant not to Compete. During the period commencing on the date
hereof and ending one (1) year after the termination of Webb's employment for
any reason, Webb shall not directly or indirectly, except as a passive investor
in publicly held companies and except for investments held at the date hereof,
engage in or own or control any interest in or act as director, officer or
employee of or consultant to any firm or corporation directly or indirectly
engaged (as these terms may be reasonably construed) in a mortgage brokerage
business anywhere in the United States.

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         Webb hereby acknowledges that the remedy at law for any breach of the
foregoing covenants will be inadequate and that the Corporation shall, in
addition to whatever other remedies it may have, be entitled to proper
injunctive relief.

         6. Miscellaneous. This agreement shall be binding upon and inure to the
benefit of the Corporation, its successors and assigns, and may not be assigned
by Webb. This Agreement contains the entire agreement of the parties and
supersedes all prior agreements relating to the subject matter hereof and may be
changed only by writing signed by the party against whom enforcement of such
change is sought. This agreement shall be governed by and construed in
accordance with the laws of Florida.

         IN WITNESS WHEREOF, the parties hereto have executed this Employment
Agreement as of the date first above written to be effective as of December 1,
2001.

                                     Webb Mortgage Depot, Inc.

                                     /s/ Harvey Judkowitz
                                     --------------------------
                                     BYRON J. WEBB, Chief Financial Officer

                                     /s/ Byron Webb
                                     --------------
                                     BYRON WEBB

                                        2LEASE ASSIGNMENT AND ASSUMPTION AGREEMENT

THIS LEASE ASSIGNMENT AND ASSUMPTION AGREEMENT (this "Agreement") made this
___day of March, 2002 by and between Webb Mortgage Corporation, hereinafter
referred to as "Assignor", and Mizner Grande Realty, Inc., a Florida corporation
, hereinafter referred to as "Assignee/Lessee", and consented to by East Boca
Plaza Associates, Ltd. A Florida Limited Partnership, the owner of the leased
premises herein assigned, and hereinafter referred to as "Landlord".

         WHEREAS, East Boca Plaza Associates, Ltd. A Florida Limited
Partnership, and Webb Mortgage Corporation entered into a Lease Agreement dated
May 1, 1997 (the "Lease") for the premises located at 155 NE Spanish River
Boulevard, Boca Raton, Florida 33431 (the "Premises") terminating on August 31,
2003 and;

         WHEREAS Assignor desired to assign, and Assignee/Lessee desires to
assume the rights, duties, and liabilities of Assignor pursuant to the Lease
thereunder; and Landlord agrees to consent to such assignment in writing as
required by the Lease.

         THEREFORE, for and in consideration of the mutual covenants contained
herein, and other goods and valuable consideration, the receipts, sufficiency
and adequacy of which are hereby acknowledged, the parties agree as follows:

1)       Assignor does grant, convey, and assign to Assignee/Lessee the Lease
interest described above, this Assignment to be effective as of the 15th day of
April, 2002, as well as all rights and property of Assignor respecting the
Premises.

2)       Assignee/Lessee agrees to assume such Lease during the remaining term,
and any renewals thereof, and shall assume all rights and duties and obligations
required of Assignor under the Lease both prior and subsequent to all the terms
and conditions of the Lease and specifically assumes all rights, duties and
liabilities of the Lease Agreement between East Boca Plaza Associates, Ltd., a
Florida Limited Partnership, and Webb Mortgage Corporation.

3)       Landlord hereby consents to the assignment and transfer of the Lease to
Assignee/Lessee and releases Webb Mortgage Corporation and Byron J. Webb from
any further obligations under the Lease.

4)       Assignee/Lessee has deposited with Landlord security deposit in the
amount equal to the sum of $4,278.02 ("Security Deposit"). The Security Deposit
hall sever as security for the prompt, full and faithful performance by advance
rent deposit or a measure of Landlord's damages in the case of Assignee/Lessee
of the terms and provisions of this Lease and not as an advance rent deposit or
a measure of Landlord's damage in the case of hereunder or in the event that
Assignee/Lessee's default. In the event that there is an Event of default upon
the expiration of the Least Term, Landlord any use or apply the whole or any
part of the Security of the Lease Term, Landlord may use or apply the whole or
any

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part of the Security Deposit for payment of Assignee/Lessee's obligations
hereunder.

The use or application of Security Deposit or any portion thereof shall be at
Landlord's option and shall not prevent Landlord from exercising any other right
or remedy provided hereunder or under applicable law and shall not be construed
as liquidated damages. In the vent the Security Deposit is redueced by such use
or application, Assignee/Lessee shall deposit with Landlord within ten (10) days
after written notice, an amont sufficient to restore the full aont of the
Security Deposit. Landlord shall not be required to keep the Security Deposit
separate from Landlord's general funds or pay interest on the Security Deposit.
Any remaining portion of the security Deposit shall be returned to
Assignee/Lessee within sixty (60) days after the expiration of the Lease Term.
Landlord may deliver the Securtiy Deposit to any purchaser of or successor to
Landlord's interst in this Lease or the Presmises, who will assume Landlord's
responsibilites with respect therto, and thereupon Landlord shall be discharged
from all liabilty with respect to the Security Deposit.

5)       Assignee/Lessee hereby acknowledges that it has had an opportunity to
fully inspect the Premises and hereby accepts the same in its existing "As-is"
"Where-Is" condition, without any representation or warranties by Landlord.

6)       Assignee/Lessee hereby acknowleges that it has had an opportunity to
fully review the Lease between East Boca Plaza Associates, Ltd. A Florida
Limited Partnership and Webb Mortgage Corporation dated May 1, 1997 for the
premises located at 155 NE Spanish River Boulevard, Boca Raton, Florida 33431.

7)       Assignee/Lessee herby agrees to conduct its business in the Premises
undfer the name of or trade name of Mizner Grand Realty, Inc.

8)       Article 26, Section 26.20 of the Lease is herbby deleted in its
entirety.

9)       Assigned/Lessee hereby agrees that it will not be open for business to
the public at the Premises between the hours of 5:30 p.m. through 3:00 a.m.
Monday through Sunday. The foregoing is a material inducement for Landlord to
consent to this Agreement. Failure of Assignee/Lessee to strictly adhere to the
provisions of this Section will result in damages to Landlord, including,
without limitation, dimished saleability, mortgage ability and economic value.

10)      In the event of any conflict between the terms and provisions of the
Lease and provisions of this Agreement, the terms and provisions of this
Agreement shall control.

11)      Expect as modified hereby, the Lease, shall remain in full force and
effect in accordance with the terms thereof.

IN WITNESS WHEREOF, the parties hereto have set their hands and seals the day
and year first above written.

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WITNESSES:                                  ASSIGNOR:
                                            WEBB MORTGAGE COMPANY
/s/  Andrea Webb
--------------------------------

Andrea Webb                                 /s/
--------------------------------            ------------------------------------
Print Name                                  Byron J. Webb President

/s/
--------------------------------

Neil Moore
--------------------------------
Print Name

                                            ASSIGNEE/LESSEE:
                                            MIZNER GRANDE REALTY, INC., a
                                            Florida corporation
/s/
--------------------------------

Illegible                                   /s/
--------------------------------            ------------------------------------
Print Name                                  Ari Albinder, President

/s/
--------------------------------

Illegible
--------------------------------
Print Name

                                            LANDLORD: East Boca Plaza
                                            Associates, Ltd. A Florida Limited
                                            Partnership by its General Partner
                                            East Boca Plaza Associates, Inc., a
                                            Florida corporation, General Partner

/s/
--------------------------------            ------------------------------------
                                            Jonathan Silverman

--------------------------------
Print Name

/s/
--------------------------------
Print Name

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