Document:

COMPENSATION PLAN AGREEMENT

         This Compensation Plan Agreement (the "Agreement") is entered into this
30th day of August, 2000 by and between WatchOut!  Inc., a Utah corporation (the
"Company") and Andrew Farber, Esquire and Jeffrey Klein, Esquire, doing business
as Farber & Klein, a partnership of professional  associations  (individually or
collectively referred to herein as "Consultant").

         WHEREAS,  Consultant is skilled in providing  legal  services,  and has
provided legal services to Company in the past;

         WHEREAS,  the  Company  desires to  continue  to engage  Consultant  to
provide  legal  services;  and NOW  THEREFORE,  in  consideration  of the mutual
covenants  contained  herein and other good and valuable  consideration  receipt
whereof is hereby acknowledged it is agreed.

         1.       The Company  hereby  engages the Consultant and the Consultant
                  hereby  accepts  this  engagement  on  a  non-exclusive  basis
                  pursuant to the terms and conditions of this Agreement.

         2.       Consultant  shall assist the Company with the preparation of a
                  third Registration Statement on Form S-8. Consultant will also
                  assist the Company in connection  with general  securities law
                  matters (excluding work on any other  registration  statement,
                  private offering  memorandum or securities  based  litigation)
                  and matters regarding the possible  acquisition by the Company
                  of the assets of Cormax Business Solutions,  Inc. for a period
                  commencing  on  September  7, 2000 and ending on December  31,
                  2000. Any additional work will be dealt with on a case by case
                  basis.

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         3.       In order to assist  Consultant  with its  duties,  the Company
                  will  provide  Consultant  with  such  information,  as may be
                  required  by  Consultant.   Company  will  make  available  to
                  Consultant  copies  of  all  material  agreements,  notice  of
                  pending or  threatened  litigation  and notice of all proposed
                  press releases.

         4.       In  consideration  of the services to be provided,  Consultant
                  shall  receive a fee of up to 645,000  shares of the Company's
                  common stock,  subject to  adjustment as set forth below.  The
                  Company will register these shares  pursuant to a registration
                  statement  on Form S-8 (the "Form  S-8"),  which it intends to
                  file no later than  September 7, 2000.  Costs will be invoiced
                  and billed separately.

                           A)       Upon  registration  of  the  Form  S-8,  the
                                    Company shall deliver to Consultant  455,000
                                    freely trading shares of its common stock.

                           B)       Should the Company effect a reverse split of
                                    its   common   shares   at  any  time   that
                                    Consultant    (Farber   or   Klein)   is   a
                                    shareholder  of  the  Company,  the  Company
                                    shall  deliver to  Consultant  an additional
                                    190,000  shares of its freely trading common
                                    stock.

         5.       During the term of this Agreement,  each party may have access
                  to trade secrets, know how, formulae, customer and price lists
                  all of which are  valuable,  special,  proprietary  and unique
                  assets of each.  The  parties  agree  that all  knowledge  and
                  information  which each other shall acquire during the term of
                  this  Agreement  shall  be held in  trust  and in a  fiduciary
                  capacity  for  the  sole  benefit  of  the  other  party,  its
                  successors  and  assigns,  and each  agrees  not to publish or
                  divulge either during the term of this Agreement or subsequent
                  thereto, knowledge of any technical or confidential

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                  information  acquired during their term of this Agreement.  At
                  the termination of this Agreement, or at any other time either
                  party may  request  the other  party to  deliver to the other,
                  without retaining any copies,  notes or excerpts thereof,  all
                  memoranda,  diaries,  notes, records,  plans,  specifications,
                  formulae  or  other   documents   relating  to,   directly  or
                  indirectly,  to any confidential  information made or compiled
                  by, or delivered or made available to or otherwise obtained by
                  the respective parties. However, the foregoing provision shall
                  not prohibit  Consultant from engaging in any work at any time
                  following his  termination  of this  Agreement  which does not
                  conflict with the terms of this Agreement.

         6.       Except  as  otherwise  provided  herein,  any  notice or other
                  communication  to any party  pursuant  to or  relating to this
                  Agreement  and the  transactions  provided for herein shall be
                  deemed to have been given or delivered  when  deposited in the
                  United States Mail,  registered or certified,  and with proper
                  postage  and  registration  or  certification   fees  prepaid,
                  addressed  at their  principal  place of  business  or to such
                  other address as may be designated by either party in writing.

          7.      This Agreement shall be governed by and  interpreted  pursuant
                  to the laws of the state of  Florida.  By  entering  into this
                  Agreement,  the  parties  agree  to  the  jurisdiction  of the
                  Florida courts with venue in Palm Beach,  County  Florida.  In
                  the event of any  breach  of this  Agreement,  the  prevailing
                  party  shall  be  entitled  to  recover  all  costs  including
                  reasonable  attorney's  fees and those that may be incurred on
                  appeal.

         8.       This Agreement may be executed in any number of  counterparts,
                  each of which when so executed an delivered shall be deemed an
                  original, and it shall not be necessary, in

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                  making proof of this Agreement to produce or account for more
                  than one counterpart.

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

     CONSULTANT:                                    COMPANY:
                                                 WATCHOUT! INC.

                                               By:
------------------------                          -----------------------
Jeffrey Klein                                     Mel Broussard, President
                                                  For the Corporation

------------------------
Andrew Farber

                                        4COMPENSATION PLAN AGREEMENT

         This  Compensation  Plan Agreement (the "Agreement") is entered into as
of this 10th day of July, 2000 by and between WatchOut! Inc., a Utah corporation
whose  address  is 20283  State Road 7, Suite  400,  Boca  Raton,  FL 33498 (the
"Company")  and Terry Reed, an individual,  whose mailing  address is 6576 Villa
Sonrisa, Boca Raton, FL 33433 (the "Employee").

         WHEREAS,  Employee  currently  serves as a director  of the Company and
devotes only a limited amount of his time and efforts towards the affairs of the
Company;

         WHEREAS,  the Company  desires  Employee to devote more of his time and
expertise  towards  the  affairs  of the  Company  and  further  desires to hire
Employee as set forth herein;

         WHEREAS,  Employee,  based  upon  his  diverse  background  is  overall
business  development  and  management  and accepts his employment in accordance
with the terms and provisions contained herein;

         NOW  THEREFORE,  in  consideration  of the mutual  covenants  contained
herein and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, it is agreed.

         1.       The Company hereby hires the Employee and the Employee  hereby
                  accepts his  employment on a part-time  basis  pursuant to the
                  terms and conditions of this Agreement.

         2.       Employee  shall  devote  no more than 40 hours per month on an
                  "as-needed"   basis   towards  the  affairs  of  the  Company.
                  Employee's  duties  shall  include  business  development  and
                  management functions, as more fully set forth herein..

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         3.       Employee   shall   strictly   adhere  to  all  the  rules  and
                  regulations  of the Company  which are  presently  in force or
                  which  may  be   established   hereafter  from  time  to  time
                  pertaining  to  employees  and   independent   contractors  as
                  permitted  by law.  Employee  shall  continue and maintain the
                  Company's  standards of uniformity and quality with respect to
                  all services that he performs on behalf of the Company.

         4.       Employee agrees and warrants that he has not been hired by the
                  Company for any of the following activities and/or purposes:

                           a) for capital raising or for promotional  activities
                           regarding the Company's securities; b) to directly or
                           indirectly  promote  or  maintain  a  market  for the
                           Company's  securities;  c) to  act  as a  conduit  to
                           distribute S-8 Securities to the general  public;  d)
                           to render investor relations, services or shareholder
                           communications  services to the Company; e) to render
                           advice to the Company  regarding the  arrangement  or
                           effecting of mergers  involving the Company that have
                           the effect of taking a private company public.

         5.       Unless the Company appoints  Employee as an executive  officer
                  of the Company, Employee shall not enter into any agreement in
                  the name of the Company or  otherwise  bind the Company in any
                  way without the express  written  consent of the Company.  Any
                  agreements  which  Employee  enters  into  in the  name of the
                  Company  without said  express  written  consent  shall not be
                  binding upon the Company.

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         7.       During the term of this  Agreement,  as  compensation  for his
                  services  hereunder,  the Company  shall pay Employee  340,000
                  shares of its free  trading S-8 stock.  Said  shares  shall be
                  deemed fully earned upon execution of this Agreement.

         8.       The term of this  Agreement  shall commence on the date hereof
                  and shall continue until December 31, 2000.

         9.       Upon  any  breach  of  this  Agreement  by the  Employee,  the
                  Company, in addition to all other remedies that it may have at
                  law or equity,  shall be entitled to injunctive relief without
                  being  required  to  prove  the  inadequacy  of  the  remedies
                  available  at law and without  being  required to post bond or
                  other  security,  it being  acknowledged  and agreed  that any
                  breach or  threatened  breach  of this  Agreement  will  cause
                  irreparable  harm to the Company and that money  damages  will
                  not provide an adequate remedy. 10. This Agreement constitutes
                  the entire  Agreement of the parties hereto and supersedes all
                  prior oral and written  agreements  between the parties hereto
                  with  respect  to the  subject  matter  hereof.  Neither  this
                  Agreement nor any provision  hereof may be changed in whole or
                  in part  unless  done so in  writing,  signed  by the  parties
                  hereto.  This Agreement  shall be governed by and  interpreted
                  pursuant to the laws of the state of Florida. By entering into
                  this Agreement,  the parties agree to the  jurisdiction of the
                  Florida courts with venue in Palm Beach,  County  Florida.  In
                  the event of any  breach  of this  Agreement,  the  prevailing
                  party  shall  be  entitled  to  recover  all  costs  including
                  reasonable  attorney's  fees and those that may be incurred on
                  appeal.  The  waiver  by  the  Company  of any  breach  of any
                  provision of this Agreement by the

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<PAGE>

                           Employee  shall  not  operate  or be  construed  as a
                           waiver or any subsequent breach by the Employee.

         12.      This Agreement may be executed in any number of  counterparts,
                  each of which when so executed an delivered shall be deemed an
                  original,  and it shall not be  necessary,  in making proof of
                  this  Agreement  to  produce  or  account  for  more  than one
                  counterpart.

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

     EMPLOYEE:                                          COMPANY:
                                                      WATCHOUT! INC.

                                                By:
----------------------------------                 ---------------------------
Terry Reed                                           Mel Broussard, President
                                                      For the Corporation

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