Document:

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                                                                     EXHIBIT 4.2

                          CERTIFICATE OF DESIGNATION

                                      of

                            SERIES A PREFERRED STOCK

                            of E*TRADE GROUP, INC.

                        (Pursuant to Section 151 of the
                       Delaware General Corporation Law)

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

     E*Trade Group, Inc., a corporation organized and existing under the General
Corporation Law of the State of Delaware (hereinafter called the "Corporation"
or "EGI"), hereby certifies that the following resolutions were duly adopted by
the Board of Directors of the Corporation on July 26, 2000, as required by
Section 151 of the Delaware General Corporation Law;

     RESOLVED, that pursuant to the authority granted to and vested in the Board
of Directors of the Corporation (hereinafter called the "Board of Directors" or
the "Board,") in accordance with the provisions of the Amended and Restated
Certificate of Incorporation of the Corporation (the "Certificate"), the Board
of Directors hereby creates from its authorized class of Preferred Stock a
series designated as Series A Preferred Stock (hereinafter referred to as the
"EGI Special Voting Share" or the "Voting Share"), par value $.01 per share, of
the Corporation;

     RESOLVED, that the Board of Directors does hereby establish the Series A
Preferred Stock as follows:

     Section l. Designation and Amount. One (1) share of Preferred Stock of the
                ----------------------
Corporation shall be designated as Series A Preferred Stock. The Corporation
will not issue any additional shares of the same series of such Series A
Preferred Stock without the consent of the holders at the relevant time of
Exchangeable Shares (as defined in Section 4(A) below).

     Section 2. Dividends and Distributions.
                ---------------------------

     (A) Except as required by applicable law, the holder(s) of the EGI Special
Voting Share ("Holder") shall not be entitled to receive any dividends or
distributions of the Corporation, whether payable in cash, property or in
shares of capital stock

     Section 3.  Liquidation. In the event of any liquidation, dissolution or
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winding up of the Corporation, the holder of the Series A Preferred Stock shall
not be entitled to receive any assets of the Corporation available for
distribution to its stockholders.

                                       1.
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     Section 4. Voting Rights. The EGI Special Voting Share shall have the
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following Voting Rights:

     (A) With respect to all meetings of stockholders of EGI at which holders of
the Corporation's common stock are entitled to vote (each, an "EGI Meeting") and
with respect to all written consents sought by EGI from its stockholders
including the holders of EGI common stock (each, an "EGI Consent"), the EGI
Special Voting Share shall vote together with the common stock of the
Corporation as a single class and each such vote of the EGI Special Voting Share
shall have identical voting rights to those of the Corporation's common stock.
The holder of the Special Voting Share shall have a number of votes equal to the
number of Exchangeable Non-Voting Shares of EG1 Canada Corporation
("Exchangeab1e Shares"), a corporation existing under the laws of Ontario,
outstanding on the record date for determining stockholders entitled to vote at
the applicable EGI Meeting or the applicable EGI Consent, other than those held
by EGI or its Affiliates. For purposes hereof, an "Affiliate" is: (i) any
corporate entity that controls another corporate entity or is a subsidiary of
another or are subsidiaries of the same corporation or are controlled by the
same person; and (ii) corporate entities that are affiliated with the same
corporation shall be deemed to be affiliates. For purposes of this definition, a
corporation is controlled by a person or two or more corporations if: such
person or corporation(s) has a sufficient number of beneficial voting securities
of the corporation to elect a majority of the directors of the corporation.

     (B) Except as set forth herein, or as otherwise provided by law, the
registered holders from time to time of Exchangeable Shares ("Beneficiaries'')
shall have no special voting rights and their consent shall not be required for
taking any corporate action.

     Section 5. Termination of Voting Rights. At such time as the EGI Special
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Voting Share has no votes attached to it because there are no Exchangeable
Shares outstanding that are not owned by the Corporation or its Affiliates, and
there are no shares of stock, debt, options or other agreements that could give
rise to the issuance of any Exchangeable Shares to any person (other than the
Corporation, any of its subsidiaries or any person directly or indirectly
controlled by or under the common control of the Corporation), the EGI Special
Voting Share shall be deemed to be surrendered by the Holder of EGI.

     Section 6. No Redemption. The EGI Special Voting Share shall not be
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redeemable.

                                       2.
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        IN WITNESS WHEREOF, this Certificate of Designation is executed on
behalf of the Corporation by its Chief International Officer and its corporate
seal attested by its Assistant Secretary this 24th day of August, 2000.

                                    E*TRADE GROUP, INC.

                                    By: __________________________________
                                        Name: Judy Balint
                                        Title: Chief International Officer

Attest:

By: ___________________________________
    Name: Brigitte VanBaelen
    Title: Assistant SecretaryExhibit 10 (i)

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                              EMPLOYMENT AGREEMENT
                              --------------------

This  Agreement  made  as  of  the  1st  day  of  January  2000,  by and between
MAINTENANCE  DEPOT,  INC., a Florida Corporation, ("the Company") and WILLIAM J.
MERCUR,  ("Employee").

                                   WITNESSETH:

     For  good  and valuable consideration, the receipt and adequacy of which is
hereby acknowledged by each of the parties hereto, the parties agree as follows:

1.  TERM  OF EMPLOYMENT. Subject to the terms and provisions hereof, the Company
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hereby  employs  Employee  for  a term ending December 31, 2005 (the "Employment
Period").  Unless  written notice is given by either party to the other prior to
90  days prior to the end of said Employment Period, the Employment Period shall
be  automatically  extended  for  an  additional  term  of  five  years.

2.  DUTIES. Employee shall serve as President of the Company and shall have such
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duties  as  are  delegated  by  the  By-Laws  of  the Company or are assigned to
Employee  by  the  Board  of Directors of the Company, provided that such duties
shall  be  reasonably consistent with those duties (i) assigned to the President
of  organizations  comparable  to  the Company and (ii) performed by Employee as
President  prior  to  the  date  of  this  Agreement.  In  connection  with  the
performance  of these duties, the Company will supply Employee with services and
facilities  reasonably  appropriate  to such duties and position. Employee shall
devote  such  time,  attention,  and  energies to the business of the Company as
would  normally  be  considered  full time employment and shall not accept other
employment  without the consent of the Board of Directors. Employee acknowledges
that  he  is  a  principal  shareholder and officer of the Company and agrees to
execute as an officer and as an individual all documents reasonable necessary to
carry  out  the  business  of  the  Company.

3.  COMPENSATION.  The  Company  shall  pay  Employee  a  base  annual salary of
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$124,800.00  Thereafter, the Base Salary will increase progressively for each of
the  ensuing  years  by  an amount equal to the greater of (i) 10% of the annual
salary  for the prior year, or (ii) the percentage increase in the United States
Consumer Price Index-AII Items-United States City Average for Urban Wage earners
and  Clerical Workers-published by the Bureau of Labor Statistics, United States
Department  of  Labor  (the  "Index")  for  the twelve month period ending three
months  before  the beginning of each such year. If at any time required for the
determination of the annual salary adjustment as above described the Index is no
longer  published  or  issued, the parties shall use such other Index as is then
generally  recognized or accepted for similar determination of purchasing power.
If the parties are unable to agree on the selection of an index which would most
accurately  carry  out  the  intent hereof, or if there is a dispute with to any
computations  as called for herein, them the issue with respect thereto shall be
settled by binding  arbitration conducted pursuant to the commercial arbitration
rules  of  the  American  Arbitration  Association in Palm Beach County Florida.

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     The  Board  of  Directors  of the Company shall award to Employee an annual
bonus,  payable in January of each year of the Employment Period, except for the
last  year  of  the  Employment  Period during which year it shall be payable in
December  of  that year. Said Bonus shall be at least 10 % and no more than 50 %
of  the  salary  due  Employee for that year, the amount to be determined by the
Board  of  Directors  based on Employee's performance, the Company's performance
and  such  other  factors  as the Board of Directors may choose to consider. The
weight of such individual factors shall be determined by the Board of Directors.

4.  EXPENSES.  Employee  and  Company  agree that Employee may incur expenses in
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connection  with  the  Companies  business  and  that  such  expenses  will  be
reimbursed  by  the  Company.  Employee  shall  keep appropriate records of such
expenses  and  submit receipts or other evidence  relating to them in accordance
with  Company policies as established from time to time. Such  expenses include,
but  are  not  limited to, expenses for travel, entertainment, and miscellaneous
expenses  incurred  in  the  conduct  of  the  business  of  the  Company.

5. BENEFITS. Employee shall be entitled to participate in the Company's medical,
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life  insurance,  stock  option  and  other  benefit  programs.

6.  NO  CONFLICTS.  Except  to  the  extent  made known in writing to Company by
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Employee  prior  to  the effective date hereof, Employee represents and warrants
that  (i)  Employee  possesses  the  knowledge  and skill reasonably required to
render  the  services  contemplated  hereunder in a professional and workmanlike
manner;  (ii)  Employee  is  not  restricted  by  any  other  contract  or other
limitation  of  any  kind  that would prevent or otherwise inhibit Employee from
complying  with this Agreement or rendering the services contemplated hereunder;
(iii)  in  rendering  the  services  hereunder,  Employee  will  not  use  any
pre-existing  work  or divulge any information of any previous employer or third
party  that  would  violate  or  infringe any patent, copyright, trade secret or
other  proprietary  rights  and  agrees  at  Employee's  own  expense to defend,
indemnify  and hold Company harmless from any claim to the contrary; (iv) if the
services  contemplated herein require Employee to obtain or maintain security or
other background clearance, then the employment contemplated herein is expressly
conditioned  upon  Employee's  timely  obtaining  and maintaining such clearance
during  the  Term  hereof;  (v)  Employee  shall  abide  by  Company's generally
applicable  rules  and  regulations  from  time to time in effect, including any
rules governing Employee Ethics, Electronic Communications, Sexual Harassment in
the  Work  Place  and  its  Alcohol  &  Drug  Control  Policy.

7.  VACATION.  During  the Period of Employment, Employee shall be entitled to a
minimum  of  three  weeks of annual vacation. The time at which Employee will be
absent  shall be at Employee's sole discretion, provided such time is compatible
with  the  vacation  and  work  schedule  of  other  relevant  employees

8.  TERMINATION.  Employee may terminate the Employment Period by at least three
months'  prior  notice  to  the Company The Company may terminate the Employment
Period  for  cause,  which  shall  mean  (a)  Employee's  death,  (b) Employee's
disability  preventing  Employee  from performing his obligations to the Company
for  any  three  consecutive  months; (c) acts of serious moral turpitude; gross

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negligence  in connection with the performance of your duties as provided for in
this  agreement,  which  gross  negligence  causes  or  potentially  could cause
material  harm  to  the  Company; fraud; the imposition of any sanctions against
Employee  by  regulatory agencies governing the Company or Employee with respect
to  the  business  of  the Company; material violation by Employee of any of the
rules  and  regulations  contained  in  the  By-Laws  of the Company relating to
Employee's  duties; material breach by you of any of the terms and conditions of
this  Employment agreement. In determining "cause" for purposes of clause (c) of
the  preceding  sentence,  such breach, violation, or action must continue for a
period  of  three  days  from  the  date  of  receipt of notice from the Company
specifying that the Board of Directors has determined that cause for termination
exists  in  accordance  with  the  procedure  set forth in the next sentence and
specifying the breach, violation, or action, provided that it shall not be cause
for  termination  as  described in such clause if Employee, upon receipt of such
notice  undertake  reasonable  measures  to  correct  such  breach, violation or
action. A determination that cause for termination exists, or continues to exist
after  due  notice as described in the preceding sentence, shall only be made by
the Company's Board of Directors at a meeting duly called, with respect to which
Employee  shall  have  been  given  (i) reasonable written notice, specifying in
reasonable detail the basis for the charge that cause for termination exists and
(ii)  a  reasonable  opportunity  to  contest  such  charge.

No  termination  of  the  Employment  Period  shall  affect or impair Employee's
confidentiality
agreements  or  non-competition  agreements  set  forth  in  this  agreement.

9.  NON-COMPETITION.
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A.  Employee  acknowledges that his services to be rendered are of a special and
unusual character and have unique value to the Company, the loss of which cannot
adequately  be compensated by damages in an action at law. In view of the unique
value  of  the  services,  and  because  of  the  Confidential Information to be
obtained  by or disclosed to you, and as a material inducement to the Company to
enter  into this agreement and to pay to you the compensation referred to herein
above  and  other  consideration provided, Employee covenants and agrees that he
will  not,  during  the term of his employment hereunder and for a period of one
year  after  he ceases for any reason to be employed pursuant to this agreement,
(i)  engage  in  any business (the "Activities") in competition with that of the
Company or any entity (an "Affiliate") controlled by it, in the United States or
country  other than the United States of America wherein the Company markets its
products or to the knowledge (actual or implied) of Employee ( as of the date of
termination  or  earlier) plans to market its products (the "Area"); (ii) become
associated  as  manager, supervisor, employee, consultant, advisor, director, or
stockholder  owning  more  than  5%  of  the  outstanding  stock of a company or
participate in the management or direction of a company or other entity with any
person,  corporation  or  entity,  engaging in any activity competitive with the
Activities  anywhere  within the Area; (iii) call upon any customer or source of
the  Company or any Affiliate or the promotion of any activities for any person,
corporation,  or  other entity, competitive with the Activities, or (iv) divert,
solicit  or take away any customer or source of the Company or any Affiliate for
the purpose of engaging in any activities competitive with the Activities within
the  Area.

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B.  Employee covenants and agrees that, if he shall violate any of his covenants
or  agreements  contained  in  this  paragraph   9     ,  the  Company  shall be
entitled  to  an  accounting  and  repayment  of  all  profits,  compensation,
commissions,  remuneration,  or  benefits which Employee directly, or indirectly
has realized and/or may realize as a result of, growing out of, or in connection
with  any  such  violation;  such  remedy  shall  be  in  addition to and not in
limitation  of  any  injunctive  relief or other rights or remedies to which the
Company  may  be  entitled  at  law  or  in  equity  or  under  this  agreement.

C.  Employee  has carefully read and considered the provisions of this paragraph
9    and  having  done so, agrees that the restrictions set forth (including but
not  limited to the time period of restriction and the areas of restriction) are
fair  and  reasonable  and  are  reasonable  required  for the protection of the
interests of the Company, its officers, directors, and other employees. Employee
acknowledges  that  upon termination of this agreement for any reason, it may be
necessary  to relocate to another area, and/or work in another type of endeavor,
and  Employee  agrees  that  this  restriction  is  fair  and  reasonable and is
reasonably  required  for  the  protection  of  the  Company.

D.  In  the  event that, notwithstanding the foregoing, any of the provisions of
this  paragraph  9   shall be held to be invalid or unenforceable, the remaining
provisions  thereof  shall  nevertheless continue to be valid and enforceable as
though  invalid  or  unenforceable  parts  had not been included therein. In the
event  any provision of this Paragraph 9 relating to time period and/or areas of
restriction  shall be declared by a panel of arbitrators or a court of competent
jurisdiction  if  such  court  refuses  to  refer such matter to arbitration, to
exceed the maximum time period or areas such panel or court deems reasonable and
enforceable,  said  time  period  and/or areas of restriction shall be deemed to
become,  and thereafter be, the maximum time period and/or area which such panel
or  court  deems  reasonable  and  enforceable.

E.  With  respect to the provisions of this paragraph 9   , Employee agrees that
damages,  by themselves, are an inadequate remedy at law, that a material breach
of  the  provisions  of  this paragraph 9  would cause irreparable injury to the
aggrieved  party,  and  that  the  provisions  of  this  paragraph   9   may  be
specifically  enforced by injunction or similar remedy in any court of competent
jurisdiction  without  affecting  any  claim for damages, provided that any such
injunction  shall  either  be  preliminary  in  nature,  enjoining such activity
pending  the  outcome  of  arbitration  as  provided for in Paragraph 15 of this
agreement,  or be in assistance of the final determination of the arbitrators as
provided  for  in  such  paragraph.

10.  CONFIDENTIALITY. Employee  acknowledges that his duties as pursuant to this
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agreement  will  give  him  access  to  trade  secrets,  and  other confidential
information  of  the  Company,  including  but not limited to, product research,
design and development, marketing of the products and other information relating
to  its  present  and future operations (all of the foregoing, whether or not it
qualifies  as  a  "trade  secret"  under  applicable law, is collectively called
"Confidential  Information").  Employee recognizes that Confidential Information
is  proprietary  to  the Company and gives it significant competitive advantage.
Accordingly,  Employee  agrees  not  to  use or disclose any of the Confidential
Information  during  or  after  the  Employment  Period, except for the sole and
exclusive benefit of the Company. Upon any termination of the Employment Period,

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Employee  agrees  to  return  to  the  Company's  office all documents, computer
records,  and  other  tangible  embodiments  of  any  Confidential  Information,
including  all  copies thereof under possession or control of Employee. Employee
agrees  that  the  Company  would  be  irreparably injured by any breach of this
confidentiality  agreement, that such injury would not be adequately compensable
by monetary damages, and that, accordingly, the Company may specifically enforce
the provisions of this paragraph by injunction or similar remedy by any court of
competent  jurisdiction,  without affecting any claim for damages, provided that
any  such  injunction  shall  either  be  preliminary  in nature, enjoining such
activity  pending  the outcome of arbitration as provided for in paragraph 12 of
this  agreement,  or  be  in  assistance  of  the  final  determination  of  the
arbitrators  as  provided  for  in  such  paragraph.

11.  NOTICES.  If either party desires to give notice to the other in connection
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with  any  of the terms and provisions of this agreement, said notice must be in
writing  and  shall  be  deemed  given  when hand delivered, delivered by such a
service  as  Federal  Express,  or  5 business days after being deposited in the
United  States  mail, certified mail, return receipt requested, and addressed to
the  party  for  whom  it  is  intended  as  follows:

If  to  Employee:

If  to  Company:

or  to  such other address as the addressee shall have communicated to the other
party  in  writing.

12.  GOVERNING LAW AND VENUE.  This Agreement shall be governed and construed in
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accordance  with  the  laws  of  the  State  of  Florida,  without  regard  to
choice-of-law  principles, as if made and to be performed solely in Florida, Any
disputes  between  any  of  the  parties  to  it  with respect to the agreements
contained  in  it,  or  as  modified in the future, are to be settled by binding
arbitration  conducted  pursuant  to  the  commercial  arbitration  rules of the
American  Arbitration  Association  in  Palm  Beach County, Florida. In any such
arbitration  the  scope  and  timing of any discovery shall be determined by the
arbitrators.  Such  arbitration  is  to be the sole remedy for the settlement of
such  disputes,  except however,  as all of the parties agree that money damages
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are  inadequate  to  compensate  for  a  breach  of  the  confidentiality  and
non-competition  provisions  of  this  agreement,  Employee  agrees  that  upon
application  by the Company, any court of competent jurisdiction, upon a showing
sufficient  to  justify  the  entry  of  a  temporary injunction, may enjoin any
activity  allegedly  in  breach of such agreement pending the outcome of binding
arbitration  or  enter  a similar order of like force and effect, or may enforce
the  final  determination  of  such  arbitrators  by  the  issuance  of  such an
injunction  or  similar  order.

13.  ENTIRE  AGREEMENT. This agreement contains the entire agreement between the
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parties  hereof  with  respect  to  the  transactions  contemplated  herein, and
supersedes  all  preciously  written  or  oral  negotiations,  commitments,
representations  and  agreements.

14.  AMENDMENTS.  This  agreement, or any provisions hereof, may not be amended,
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changed  or  modified  without  the prior written consent of each of the parties
hereto.

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IN  WITNESS  WHEREOF,  the  parties  have  set  their  hand  and  seal.

Company:
                                       MAINTENANCE  DEPOT,  INC.
                                       By:
                                       -------------------------------
                                       WILLIAM  J.  MERCUR,  PRESIDENT

Employee:

                                       -------------------
                                       WILLIAM  J.  MERCUR

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