Document:

EXHIBIT 10.12
                              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
          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.

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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
               & 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

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          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,
          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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<PAGE>

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
          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

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<PAGE>

     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
     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.

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<PAGE>

     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
     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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<PAGE>

          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.

     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.

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<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.

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

<PAGE>

     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
     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

<PAGE>

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
          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

<PAGE>

          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
          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

<PAGE>

                                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.

     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

<PAGE>

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
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
<PAGE>

     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
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

<PAGE>

         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

<PAGE>

                                    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
                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

<PAGE>

     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.

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

<PAGE>

          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
     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
<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 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
<PAGE>

                                    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
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
<PAGE>

     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

     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

<PAGE>

          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.

     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

<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 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 24 of 27

<PAGE>

                                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
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

<PAGE>

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

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

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

                                 Page 26 of 27

<PAGE>

                             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 27EXHIBIT 10.13
                              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.

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

                                  Page 1 of 22
<PAGE>

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
          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
<PAGE>

     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
          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

<PAGE>

     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
     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

<PAGE>

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
     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

<PAGE>

          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
          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

<PAGE>

     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
     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

<PAGE>

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

<PAGE>

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
          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

<PAGE>

          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

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

                                  Page 10 of 12
<PAGE>

                             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
     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
<PAGE>

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
          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
<PAGE>

                                    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 14 of 22
<PAGE>

                             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
          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

<PAGE>

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
     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

<PAGE>

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
<PAGE>

                                    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 18 of 22
<PAGE>

                             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
                 "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
<PAGE>

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
     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

<PAGE>

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.

         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
<PAGE>

                                    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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