Document:

EXHIBIT 10.5

                               IVEST FINANCIAL, LC

                                 August 5, 2000

VIA E-MAIL
Michael N. Brette, CEO
VentureNet, Inc.

Dear Michael:

         This letter is for the purpose of the engagement of iVest Financial, LC
("iVest") as a financial consultant to VentureNet, Inc. (the "Company")
regarding various matters arising in connection with the Company's business in
order for the Company to meet its goals and objectives of maximizing shareholder
value. This letter is intended to serve as our engagement agreement (the
"Agreement") to provide such services. We will provide strategic consulting,
capital strategy, and merger and acquisition advisory services to the Company on
an "as needed, as available" basis. We will take direction only from the CEO of
the Company or other person approved by us. The term of our engagement will be
for a period of one year from the date of this letter.

         1. Consulting Fees. For these services we will receive a warrant to
purchase up to 500,000 shares of common stock of the Company pursuant to the
form of warrant attached hereto as Exhibit "A". This warrant is fully earned and
nonrefundable as of the date of this Agreement, and neither this Agreement nor
the warrant may be terminated or voided without our prior written consent.

         2. Transaction Fees. Should iVest introduce the Company to any source
that leads to a contract and closing of any financing, whether debt or equity,
or any merger, acquisition of other similar transaction, in one or more stages,
or a strategic alliance or customer, then the Company agrees to pay iVest, in
cash and/or stock (at iVest's option), on the closing of any such
transaction(s), the following percentages of the Total Consideration (i)
received at settlement and (ii) received subsequent to settlement as stipulated
by any applicable contract:

         a.       for Equity Financings: seven percent (7%) of the gross cash
                  proceeds plus a warrant to purchase seven percent (7%) of the
                  number of shares purchased by investors. Such warrants will
                  have a maximum term of three (3) years and provide for an
                  exercise price equal to the 100% of the per share price paid
                  by investors.

         b.       for Debt Financings. three and one-half percent (3.5%). If
                  debt financing is in the form of line of credit, then 1/3 of
                  the fee will be payable on the closing of the loan, 1/3 within
                  thirty (30) days after closing, and the final 1/3 within sixty
                  (60) days after closing, notwithstanding the timing of any
                  draws on the line of credit. The entire available loan amount
                  shall be considered the total consideration against which our
                  fees will be calculated.

         c.       for any merger or acquisition, an amount equal to 5% of the
                  total transaction value, payable at the same time and in the
                  same form as paid or received by the Company or its
                  stockholders. In the event that the Company is the acquiror in
                  such a transaction iVest will also be entitled to receive a
                  warrant to purchase 5% of the number of share issued or
                  issuable to the stockholders of the Target company. Such
                  warrants will have a maximum term of three (3) years and
                  provide for an exercise price equal to the 100% of the per
                  share value received by the stockholders of the Target
                  company. For purposes of this subparagraph. "Total Transaction
                  Value" shall include any form of payment, other than payments
                  under personal service contracts, made by the acquiring
                  company to or for the benefit of the stockholders of the
                  acquired company, including any separate transaction

            205 E. Central Blvd., Suite 600 - Orlando, Florida 328O1
                Telephone: (407) 422-0300 - Fax (407) 425- 0032

                                       1
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Mr. Michael N. Brette
August 10, 2000
Page 2

                  affecting assets owned by the stockholders of the acquired
                  company and used by the Company or any acquired company (e.g.,
                  purchase or lease of any real estate, other fixed assets, or
                  other assets owned by the stockholders of any acquired
                  company). If any part of the total transaction value shall be
                  contingent upon future earnings or other contingencies, then
                  iVest's fees shall be payable as and when such payments are
                  actually made.

         d.       for a strategic alliance or customer relationship, an amount
                  equal to 5% of the net contribution to fixed costs, overhead
                  and profit derived by the Company during the first three years
                  of the alliance or customer relationship

         All of the fees set forth in this Section 2 shall be independent and
irrespective of any other fees or payments made to finders, intermediaries,
broker/dealers, etc., all of which fees shall be the sole responsibility of the
Company. Notwithstanding the generality of the foregoing, if the Company is
required to retain the services of a finder, intermediary, broker/dealer or
other person in connection with any equity financing, then the aggregate
compensation payable to iVest and such intermediaries shall not, in any event,
exceed fifteen percent (15%) of the gross cash proceeds plus a warrant to
purchase ten percent (10%) of the number of shares purchased by investors.
Similarly, if the Company is required to retain the services of a finder,
intermediary, broker/dealer or other person in connection with any debt
financing, the aggregate compensation payable to iVest and such intermediaries
shall not, in any event, exceed five percent (5%) and if the Company is required
to retain the services of a finder, intermediary, broker/dealer or other person
in connection with any merger, acquisition, strategic alliance or customer
relationship, the aggregate compensation payable to iVest and such
intermediaries shall not, in any event, exceed ten percent (10%)

         3. Limitation on Services. As a financial consultant to the Company,
iVest will assist you as described above but will not act as your agent or
broker. Accordingly, while iVest may identify prospective financing sources and
target companies and provide information relating to the transaction to such
persons at your request, iVest will not solicit purchases or sales of
securities. All business decisions relating to acceptance or rejection of
offers, bids or other matters and the negotiation of such terms shall be solely
your responsibility. You are also responsible for taking steps to ensure that
the transaction is conducted in compliance with all applicable federal and state
securities laws (consulting with counsel, if you consider it appropriate)

         4. Reimbursement of Expenses. The Company agrees to reimburse iVest all
pre-approved, reasonable out-of-pocket expenses incurred in connection with the
services described herein.

         5. Exclusive Sources: Any financing sources, strategic partners,
customers, or intermediaries introduced to the Company directly by iVest are
exclusive to iVest and shall not be directly or indirectly circumvented by the
Company. If the Company closes any financing or other transaction as a result of
or through the efforts or contacts of iVest, then iVest will be entitled to its
full fees. It is agreed that, should the Company receive any funding or enter
into any other transaction resulting from the efforts of iVest, then, for a
period of twenty-four (24) months from the date of such transaction, the Company
shall pay iVest for any subsequent funding obtained and settled from or through
any such source.

         6. Miscellaneous:

         a.       Confidentiality. The parties agree that they will cooperate
                  with each other and provide full due diligence, and that all
                  conversations, documentation, or work product will be kept in
                  the utmost confidence. iVest will not have the permission to
                  offer, copy, or duplicate any part of the work product of the
                  Company without express written permission. All matters of the
                  Company and/or iVest will be kept in the strictest of
                  confidence. Any misrepresentation by either party shall
                  constitute a breach of this agreement. Notwithstanding the
                  generality of the foregoing, the Company reserves the right to
                  fully

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Mr. Michael N. Brette
August 10, 2000
Page 3

                  disclose the terms of compensation and any other financial
                  intermediary to all parties to a transaction giving rise to
                  such Compensation

         d.       Indemnification. It is understood that each party shall be
                  held harmless from any and all legal action resulting from the
                  other's misstatements, omissions, or errors, of any kind and
                  shall be indemnified from any and all direct legal expenses
                  and any and all direct costs, excluding salary and any loss of
                  business such party may incur as a result of the other's
                  actions.

         c.       Entire Agreement. This Agreement sets forth the entire
                  understanding of the parties relating to the subject matter
                  hereof and supersedes any prior communications,
                  understandings, and agreements between the parties. This
                  Agreement cannot be modified or changed nor can any of its
                  provisions be waived, except by a writing signed all parties.

         d.       Governing Law. This Agreement shall be governed by the laws of
                  the State of Florida. Any controversy between the parties
                  shall be resolved by binding arbitration in Orlando, Florida.

         e.       Attorney's Fees. In the event any controversy arises out of or
                  in connection with this Agreement, the prevailing party in
                  such controversy shall be entitled to recover from the other
                  party all reasonable attorneys' fees, expenses and costs,
                  including costs associated with any necessary collection
                  proceedings.

         If the foregoing letter is in accordance with our understanding of the
terms of our engagement, please sign, date, and return your signature to us via
facsimile with an original via mail.

                                   Very truly yours

                                   iVest Financial, LC

                                   By: /S/ J. BENNETT GROCOCK
                                      -----------------------------------
                                       J. Bennett Grocock, Principal

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

AGREED AND ACCEPTED:

VentureNet, Inc.

BY:                                                August __, 2000
   -----------------------------------
    Michael N. Brette, CEO

                                       3Exhibit 10.12

                    SECOND AMENDMENT TO MANAGEMENT AGREEMENT

EFFECTIVE DATE:            July 1, 2000
--------------

COMPANY:                   THE ORLANDO PREDATORS ENTERTAINMENT, INC.
-------
                              a Florida corporation

MANAGER:                   UNITED SPORTS VENTURES, INC.
-------
                               an Ohio corporation

     This Second Amendment to that certain Management Agreement entered between
Company and Manager, dated January 28, 2000 and subsequently amended by that
certain First Amendment to Management Agreement dated April 11, 2000
(collectively, the "Agreement") is made as of the Effective Date. For good and
valuable consideration, the Company and Manager desire to amend the Agreement as
follows:

                                    AGREEMENT
                                    ---------

     All capitalized terms not defined herein shall have the meaning set forth
in the Agreement. Notwithstanding any provision to the contrary contained in the
Agreement, Manager and the Company hereby agree as follows:

     1. Term. Section 1.03 of the Agreement is hereby amended and restated in
its entirety as follow:

               1.03. Term. Unless sooner terminated as provided in Section 3.01
hereof, the term of this Agreement shall be for an initial period of one (1)
year commencing on July 1, 2000 (the "Initial Term"), and thereafter shall be
automatically renewed for successive one-year periods (each a "Renewal Term"),
unless either party shall give written notice to the other party, at least
thirty (30) days prior to the expiration of the Initial Term or current Renewal
Term, as the case may be, of its intent to terminate this Agreement on and as of
such expiration date. Notwithstanding the foregoing, in the event that the
parties enter into a definitive agreement whereby the Manager shall be acquired
by, or merge with, the Company, this Agreement shall terminate on the date of
closing of such transaction.

     2. Compensation. Article II of the Agreement is hereby amended in part as
follows:

          A. Section 2.01 of the Agreement is hereby amended and restated in its
entirety as follow:

               2.01. Management Fee. As compensation for the management services
to be rendered by the Manager hereunder, the Company shall pay the Manager a
monthly management fee of $3,000 per month (the "Management Fee"), payable
semi-annually, commencing January 1, 2001, which upon approval of the Company
may be increased, at the Company"s sole discretion to $5,000 per month. The
Management Fee shall be paid by the Company to the Manager within 10 days of the
end of each six month period. The Company and Manager acknowledge and agree that
the Company"s liability for management fees accrued through July 1, 2000 shall
be limited to $50,000 (the "$50,000 Obligation"). In the event that the parties
consummate a transaction in which the Manager has been acquired by, or merged
with, the Company, then no portion of the Management Fee (except the $50,000
Obligation) accrued and unpaid through the date of the acquisition or merger
shall be paid hereunder.

<PAGE>

          B. Section 2.03 shall be added as follows:

               2.03 Grant of Stock Option. The Company shall execute a Stock
Option Agreement whereby Company will grant to Manager a stock option to
purchase 150,000 shares of Class A voting Common Stock at an exercise price of
$2.50 per share. The option shares shall vest quarterly over a period of one
year commencing October 1, 2000 and the option shall expire on July 1, 2002.

     3. Notice of Termination. Section 3.01(b) of the Agreement is hereby
amended and restated in its entirety as follow:

          (b) By either party upon 90 days' written notice to the other party;

     4. Affect of Amendment. Except as amended by this Second Amendment, the
Agreement shall remain in full force and effect.

     5. Counterpart. This Second Amendment may be executed in any number of
counterparts and each such executed counterpart shall constitute one and the
same instrument. The Company and Manager agree that signatures received via
facsimile transmission shall in all respects be deemed to be original
signatures.

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

                         THE ORLANDO PREDATORS ENTERTAINMENT, INC.,
                         a Florida Corporation

                         By: /s/  Jeffrey L. Bouchy
                            ----------------------------------------------------

                         Name:    Jeffrey L. Bouchy
                               -------------------------------------------------

                         Title:   Chief Financial Officer
                                ------------------------------------------------

                                       2
<PAGE>

                          UNITED SPORTS VENTURES, INC., an Ohio corporation

                          By: /s/  Eric A. Margenau
                             ---------------------------------------------------

                          Name:    Eric A. Margenau
                                ------------------------------------------------

                          Title:   President
                                 -----------------------------------------------

                                       3

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