Document:

EMPLOYMENT & RETAINER AGREEMENT

This Agreement is entered into on April 24, 2000 by MerchantOnline.com, Inc.
(the "Company"), Tatum CFO Partners, LLP ("Tatum") and Thomas B. Walker, ("the
CFO"), (collectively, the "parties").

WHEREAS, the Company wishes to engage the CFO to provide certain services and
Tatum wishes that the CFO provide such services in return for certain
consideration; the parties after full and careful negotiation agree as follows:

I.   SERVICES; FEES; PAYMENTS
A.   Beginning on April 24, 2000, (the "Effective Date"), the CFO will perform,
     under the title chief financial officer, CFO Services as set forth in
     Section II for a total monthly fee of $10,500 (the "Monthly Fee").
B.   The CFO will provide CFO Services for five days per week.
C.   The Company will pay the CFO directly according to the Company's normal
     payroll process a portion of the Monthly equal to $8,750 (the "Salary") and
     will pay Tatum the remaining portion of $1,750 ("Retainer Fee").
D.   If this Agreement commences or is canceled in the middle of a month, each
     portion of the Monthly Fee shall be prorated for that month.
E.   The Company also will provide the CFO and Tatum the incentive bonus or
     warrants or options set forth in Schedule A.
F.   The Company will pay all amounts owed Tatum no later than the 5th day of
     the month for which amounts are invoiced.
G.   The Company will promptly reimburse the CFO for reasonable travel and
     out-of-pocket business expenses.

II.  CFO SERVICES
CFO Services are defined as those certain services as specified and directed by
the Company from time to time and which the CFO is able to perform within the
time allotted under this agreement.

III. THE RELATIONSHIP OF THE CFO AND THE COMPANY
A.   The Company, Tatum and the CFO agree that the CFO will be an employee of
     the Company.
B.   As an employee of the Company, the CFO will work under the exclusive
     management and authority of the Company.
C.   The CFO will serve the Company as an officer of the Company, but only if
     the following conditions are met without exception: the CFO is duly elected
     as an officer by its Board of Directors; and the CFO has received written
     evidence that he or she is covered as an officer by director and officer
     insurance maintained by the Company at no additional cost to the CFO or
     Tatum.
D.   The CFO may sign federal or state securities filings but only if the
     following condition is met without exception: the CFO receives written
     evidence that he or she in signing such filings is covered by applicable
     insurance (whether director and officer insurance or a special policy)
     maintained by the Company at no additional cost to the CFO or Tatum.
E.   The CFO will be eligible for vacation and holidays consistent with the
     Company's policy as it applies to senior management and the CFO will be
     exempt from any delay periods required for eligibility.
F.   The CFO elects not to participate in the Company's employee retirement plan
     or any other employee benefit plan, and waives any coverage that may
     otherwise exist. The Company will not include the CFO as participant in any
     such plan, unless required to do so by law for plan qualification. However,
     notwithstanding the foregoing, the CFO may participate in the Company's
     401(k) plan at the Company's option.
G.   The CFO waives any past or present claim it may have against the Company
     for any discrimination.

IV.  THE RELATIONSHIP OF TATUM AND THE COMPANY
The Company, Tatum and the CFO agree that for purposes of this Agreement,
Tatum's relationship with the Company is to make the CFO available to the
Company to provide CFO services. However, the Company is solely responsible for
its evaluation, management and use of the CFO and the CFO Services.

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<PAGE>

V.   THE RELATIONSHIP OF TATUM AND THE CFO
The Company, Tatum and the CFO agree that for purposes of this Agreement,
Tatum's relationship with the CFO is to make available to the CFO certain
resources of Tatum. These resources are not warranted or guaranteed in any way
and the Company is solely responsible for its evaluation, management and use of
these resources.

VI.  STANDARD DISCLAIMERS
A.   Tatum will not be liable for any non-compliance with federal, state or
     local laws or regulations.
B.   The Company agrees that reports, projections and/or forecasts can be
     prepared only at the Company's direction and reflect the judgment of the
     Company. Tatum makes no representation or warranty as to the accuracy or
     reliability of reports, projections and/or forecasts; and will not be held
     liable for any claims of reliance on such reports, projections and/or
     forecasts.

VII. INDEMNITY; JOINT DEFENSE; LIABILITY LIMITATIONS; ARBITRATION; INSURANCE
A.   The Company agrees to indemnify Tatum to the full extent permitted by law
     for any losses, costs, damages and expenses, including attorneys' fees, as
     such are incurred, in connection with (1) any cause of action, suit or
     other proceeding arising in connection with Tatum's engagement by the
     Company under this Agreement, the CFO's employment with the Company or the
     CFO's activities while employed by the Company, and (2) any legal
     proceeding in which Tatum may be required or agree to participate, but in
     which Tatum is not a party. This indemnification does not apply to actions
     taken by Tatum in bad faith.
B.   If the Company and Tatum are defendants in any action, suit, or other
     proceeding, the defense of Tatum will be represented by counsel selected by
     the Company if the Company is paying for such defense, unless there is a
     conflict of interest, in which case Tatum shall be permitted to select its
     own counsel.
C.   The Company and Tatum agree to binding arbitration under the rules of the
     American Arbitration Association ("AAA"), to take place in the AAA's Miami
     office, if any dispute arises between them.
D.   The Parties recognize and agree that any breach by Tatum of this Agreement
     would result in injury that would be impossible to accurately ascertain.
     Therefore, Tatum shall pay to the Company as liquidated damages, and not as
     a penalty, an amount equal to two full months of Retainer Fee. The parties
     agree that this amount of liquidated damages represents a reasonable
     approximation of the damages that would be incurred as a result of a breach
     by Tatum of this Agreement.
E.   In any event, at any time, Tatum may pay a sum equal to the total Retainer
     Fee paid under this Agreement for the most recent four months, which
     payment the Company agrees shall serve as final satisfaction and accord for
     any and all such liabilities of Tatum under this Agreement.
F.   As a precondition for recovery of any alleged liability, the Company shall
     give Tatum notice, in writing, of the alleged basis for liability within
     thirty (30) days of discovering the circumstances giving rise to such
     alleged liability, and no legal or other action shall be taken by the
     Company against Tatum (i) more than (60) days after such notice has been
     given or (ii) less than thirty (30) days after such notice has been given,
     in order that Tatum shall have the opportunity to investigate in a timely
     manner and, where possible, correct or rectify the alleged basis for
     liability.
G.   Tatum will not be liable in any event for incidental or consequential
     damages, including without limitation, any interruption of business or loss
     of business, profit, or goodwill.
H.   To the extent the Company has directors' and officers' liability insurance
     ("including entity coverage") and/or errors and omissions liability
     insurance in effect, the Company will provide such insurance coverage for
     the CFO.

VIII. GENERAL TERMS AND CONDITIONS
A.   This Agreement may be canceled by either party effective upon 30 days'
     advance written notice. However, Tatum retains the right to terminate this
     agreement immediately if the Company has not remained current with its
     obligations to Tatum under this Agreement, the Company is engaged in or
     asks the CFO to engage in an illegal or unethical activity, or by death or
     disability of the CFO.

B.   The provisions on the attached Schedule A are incorporated by reference as
     if set forth herein; and the provisions concerning the bonus in Schedule A
     will survive any cancellation of this Agreement.

C.   Neither the Company, Tatum or the CFO shall be deemed to have waived any
     rights or remedies accruing under this Agreement unless such waiver is in
     writing and signed by the party electing to waive the right or remedy.
D.   This Agreement is governed by Florida law.

E.   The terms of this Agreement are severable, and they may not be amended
     except in writing signed by the parties. This Agreement binds and benefits
     the successors of the parties.

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<PAGE>

F.   This Agreement contains the entire agreement between the parties,
     superseding any prior oral or written statements or agreements.
G.   The persons signing below are authorized to sign on behalf of each party,
     and their signatures are all necessary signatures.

The COMPANY                TATUM CFO                   The CFO
                           PARTNERS,LLP

/s/ Tarek Kirschen         /s/ Neil Hamilton           /s/ Thomas B. Walker
------------------------   ------------------------    ------------------------
Signature                  Signature                   Signature

Tarek Kirschen
Chief Executive Officer
and President              Neil Hamilton               Thomas B. Walker
------------------------   ------------------------    ------------------------
Name and Title             Name, Area Limited Partner  Name

April 24, 2000             April 24, 2000              April 24, 2000
------------------------   ------------------------    ------------------------
Date                       Date                        Date

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<PAGE>

                                   SCHEDULE A
                         EMPLOYMENT & RETAINER AGREEMENT

COMMON STOCK PURCHASE WARRANTS

The Company will issue a total of 300,000 ten (10) year, fair value at time of
issue, Common Stock Purchase Warrants, effective April 24, 2000, the Initial
Date of agreement between the Company, Tatum CFO Partners, LLP and the CFO to
provide CFO Services. Such warrants will be subject to vesting and distribution,
as defined below, and anti-dilution terms and conditions.

A.   TATUM CFO PARTNERS, LLP (TATUM)
o    The Company will issue to Tatum 60,000 ten (10) year, fair value at time of
     issue, Common Stock Purchase Warrants, effective April 24, 2000 with an
     exercise price of $9.50, being the fair market value.
o    Such warrants will vest 20,000 on each of April 24, 2001, 2002 and 2003.
o    Such warrants will be issued pursuant to the Company's 2000 Incentive
     Option Plan.
o    In the event this CFO Employment & Retainer Agreement is terminated by the
     Company without cause during the term of this Agreement, such warrants will
     vest on a pro-rata basis.

B.   THE TATUM CFO PARTNERS, LLP PARTNER (THE CFO)
o    The Company will issue to the CFO 240,000 ten (10) year, fair value at time
     of issue, Common Stock Purchase Warrants, effective April 24, 2000.
o    Such warrants will vest 80,000 on each of April 24, 2001, 2002 and 2003.
o    Such warrants will be issued pursuant to the Company's 2000 Incentive
     Option Plan.
o    In the event this CFO Employment & Retainer Agreement is terminated by the
     Company without cause during the term of this Agreement, such warrants will
     vest on a pro-rata basis.

                                   Page 4 of 4EMPLOYMENT AGREEMENT

         This Employment Agreement dated as of June 1, 2000 (hereinafter
referred to as "Agreement") is entered into by and among Merchantonline.com,
Inc. (the "Company") and Michael D. Karsch ( "Executive").

         WHEREAS, the Company employs Executive in the capacity of Vice
President and General Counsel; and

         WHEREAS, the Company and Executive desire to set forth in this
Agreement all of the terms and conditions of said employment, and to establish a
mechanism to resolve disputes relating to said employment;

         NOW, THEREFORE, in consideration of the mutual promises and obligations
contained in this Agreement, the Company and Executive agree as follows:

         1.   TERM OF EMPLOYMENT. This Agreement is effective June 1, 2000 (the
"Effective Date"), and will continue, unless sooner terminated, until May 31,
2003 (the "Initial Term"). Thereafter, the term of this Agreement shall
automatically be extended for successive one (1) year periods ("Renewal Terms")
unless either the Company or Executive gives written notice to the other at
least ninety (90) days prior to the end of the Initial Term or Renewal Term, as
the case may be, of its or his intention not to renew the term of this
Agreement. The Initial Term and any Renewal Terms of this Agreement shall be
collectively referred to as the "Term."

         2.   DUTIES AND RESPONSIBILITIES. The Company hereby employs Executive
as Vice President and General Counsel with such powers and duties in that
capacity as may be established from time to time by the Company in its
discretion. Executive is required to devote a majority, but not his entire time,
attention and energies to the Company's business, and may provide legal and
other services to any company, business organization or individual whose primary
business is not the same or similar business as that conducted by the Company or
otherwise competes with the Company, provided that any such client is
pre-approved by the Company's Chief Executive Officer and shall not interfere
with his duties hereunder. Executive has provided details of his involvement and
ownership with Camelot Partners, Baby's Best Laboratories Inc. and Mobilitylink
Inc. and has the Company's permission to maintain his involvement in those
companies.

         3.   COMPENSATION.

         (a)  BASE SALARY. The Company will pay Executive an annualized base
salary of $150,000 for the first year of the Initial Term, less applicable
deductions, payable in installments according to the Company's normal payroll
practices ("Base Salary"). The Base Salary shall be reviewed at least annually
by the Company's Board of Directors, which may in its discretion increase the
Base Salary. Participation in deferred compensation, discretionary bonus,
retirement, stock option and other employee benefit plans and in fringe benefits
shall not reduce the Base Salary payable to Executive under this Section 3(a).

         (b)  BONUSES: The Executive shall be paid a signing bonus of $25,000
upon execution of this Agreement. During the term of this Agreement, the
Executive shall receive an annual bonus from the Company determined by the Chief
Executive Officer, in his good faith discretion.

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         (c)  VACATION. Executive shall be entitled to four (4) weeks of paid
vacation during each year of the Term, the time and duration thereof to be
determined by mutual agreement between Executive and the Company.

         (d)  STOCK OPTIONS. On the date of this Agreement, Merchant shall grant
to Executive stock options to purchase an aggregate of 1,000,000 shares of
common stock at an exercise price of $4.75 per share. The first 200,000 options
shall vest immediately. The remaining 800,000 shall vest in equal installments
on May 15, 2001 and 2002. The options will only vest assuming that Executive
remains employed by Company on the dates that the options are to be deemed
vested. Executive will have five (5) years to exercise all vested options.

         (e)  AUTOMOBILE. The Company shall reimburse Executive with car
expenses to include monthly lease and insurance payments not to exceed $750 per
month for the term of his employment.

         (f)  EXPENSES. The Company will furnish Executive with and pay for a
cell phone and laptop computer of his choice. The Company shall pay or reimburse
the Executive for all other reasonable expenses which are actually incurred or
paid by him in the performance of his service hereunder.

         (g)  INSURANCE. In addition, the Company will provide Executive with
$1,000,000 of term insurance for which Executive will appoint the beneficiary.

         (h)  PARTICIPATION IN RETIREMENT AND EMPLOYEE BENEFIT PLANS; FRINGE
BENEFITS. Executive shall be entitled to participate in all plans of the Company
relating to stock options, stock purchases, pension, thrift, profit sharing,
life insurance, hospitalization and medical coverage, disability, travel or
accident insurance, education or other retirement or employee benefits that
Merchant has adopted or may adopt for the benefit of its senior executives. In
addition, Executive shall be entitled to participate in any other fringe
benefits, such as club dues, legal and tax planning expenses (up to $5,000 per
year) and fees of professional organization and associations, which are now or
may become applicable to the Company's senior executives, and any other benefits
which are commensurate with the duties and responsibilities to be performed by
Executive under this Agreement. Executive shall, during the term of his
employment hereunder, continue to be provided with benefits at a level which
shall in no event be less in any material respect than the benefits available to
the Executive immediately prior to the date of this Agreement. Notwithstanding
the foregoing, the Company may terminate or reduce benefits under any benefit
plans and programs to the extent such reductions apply uniform to all senior
executives entitled to participate therein, and Executive's benefits shall be
reduced or terminated accordingly.

         4.   INABILITY TO PERFORM JOB DUTIES. In the event of Executive's
death, this Agreement and the Executive's salary and compensation shall
automatically end. If in the reasonable judgment of the Board of Directors,
based on independent medical advice, Executive becomes unable to perform his
employment duties during the term of this Agreement as a result of mental or
physical incapacity, illness or disability, his compensation under this
Agreement shall automatically end until such time as Executive becomes able to
resume his job duties for the Company. In the event that Executive becomes
unable to perform his employment duties for a cumulative period of greater than
twelve (12) weeks within any span of twelve (12) months, this Agreement and
Executive's employment will be automatically terminated. In either event,
Executive will be immediately entitled to all accrued and unpaid payments and
benefits under Section 3 and the Company shall continue to provide the

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Executive with those medical, life and disability insurance benefits, if any,
which are provided to the Executive on the last day of his employment by the
Company for a period of one year following the last day of employment with the
Company.

         5.   TERMINATION BY COMPANY FOR CAUSE. The Company may terminate this
Agreement, and Executive's employment "for cause" at any time. As used herein,
"for cause" shall mean any one of the following:

         o  The conviction of or a plea of guilty or nolo contendere by
            Executive to a felony;

         o  Willful fraud or deceit of material fact by Executive in connection
            with the performance of his duties hereunder;

         o  Commission of a serious and willful violation of any of the
            Company's personnel policies, including but not limited to
            violations of the Company's policies against any form of harassment,
            which violation cannot be cured, or is not cured within fifteen (15)
            days following (a) receipt by Executive of a written notice
            specifying the factors or events constituting such failure or
            refusal and (b) a reasonable opportunity to cure such violation; or

         o  Failure of or refusal on the part of Executive to substantially
            perform all of his duties hereunder as reasonably requested by the
            Company, which failure or refusal shall not be cured within fifteen
            (15) days following (a) receipt by Executive of a written notice
            specifying the factors or events constituting such failure or
            refusal, and (b) a reasonable opportunity for Executive to correct
            such deficiencies.

         In the event the Company terminates Executive's employment for Cause,
Executive shall not be entitled to severance, but will immediately be entitled
to all accrued and unpaid payments and benefits under Section 3.

         6.   TERMINATION OF AGREEMENT BY COMPANY WITHOUT CAUSE OR BY EXECUTIVE
FOR GOOD REASON. The Company may terminate this Agreement and Executive's
employment without Cause at any time upon thirty (30) days prior written notice
to Executive. The Executive may terminate this Agreement and Executive's
employment with Good Reason at any time upon thirty (30) days prior written
notice to the Company. "Good Reason" shall mean any of the following if the same
shall occur without Executive's express prior written consent: (i) the failure
by the Company to obtain the assumption by operation of law or otherwise of this
Agreement by any entity which is the surviving entity in any merger or other
form of reorganization involving the Company or by any entity which acquires all
or substantially all of the Company's assets, (ii) a material change by the
Company in Executive's functions, duties and responsibilities such that he no
longer effectively acts as Chief Operating Officer of the Company or (iii) any
other material breach of this Agreement by the Company, which breach shall not
be cured within fifteen (15) days after written notice thereof to the Company.
If the Company terminates Executive's Employment without Cause or Executive
terminates his employment with the Company for Good Reason, the Company will pay
to Executive a severance payment of an amount equal to 2.99 times his
then-current Base Salary. In addition, all unvested stock options owned by the
Executive shall become fully vested and exercisable at the date Executive's
employment terminates, and Executive shall have the right to exercise all
vested, unexercised stock options outstanding at the termination date (including
the accelerated options) in accordance with the

                                Page 3 of 6 pages
<PAGE>

terms of the plans and agreements pursuant to which such options were issued.
Executive shall also immediately be entitled to all accrued and unpaid payments
and benefits under Section 3.

         7.   TERMINATION OF AGREEMENT BY EXECUTIVE. Executive may terminate
this Agreement and his employment with the Company without Good Reason upon
thirty (30) days prior written notice to the Company. Executive may be required
to perform his job duties and will be paid his regular salary up to the date of
the termination. At the option of the Company, the Company may require Executive
to terminate employment upon receiving said thirty (30) days' notice from
Executive of the termination of this Agreement. In such event, the Company will
pay to Executive an amount equal to thirty (30) calendar days of his base
salary. Executive will not be entitled to receive any other compensation or
severance allowance under this Agreement.

         8.   CHANGE OF CONTROL. (a) For the purposes of this Agreement, a
"Change of Control" shall be deemed to have taken place if: (i) any person,
including a "group" as defined in Section 13(d)(3) of the Securities Exchange
Act of 1934, as amended (but excluding Executive and members of his family),
becomes the owner or beneficial owner of Company securities, after the date of
this Agreement, having 50% or more of the combined voting power of the then
outstanding securities of the Company that may be cast for the election of
directors of the Company (other than as a result of an issuance of securities
initiated by the Company, or open market purchases approved by the Board, as
long as the majority of the Board approving the purchases is the majority at the
time the purchases are made), or (ii) the persons who were directors of the
Company before such transactions shall cease to constitute a majority of the
Board, or any successor to the Company, as the direct or indirect result of or
in connection with, any cash tender or exchange offer, merger or other business
combination, sale of assets or contested election, or any combination of the
foregoing transactions.

              (b) During the remaining term hereof after the Change of Control
Date, the Company (or subsidiary) will (i) continue to pay Executive at not less
than the Base Salary on the Change of Control Date, (ii) pay Executive bonuses
in amounts not less in amount than those paid during the 12 month period
preceding the Change of Control Date, and (iii) continue employee benefit
programs as to Executive at levels in effect on the Change of Control Date (but
subject to such reductions as may be required to maintain such plans in
compliance with applicable federal law regulating employee benefit programs).

              (c) If during the remaining term hereof after the Change of
Control Date (i) Executive's employment is terminated by the Company (or
subsidiary), or (ii) there shall have occurred a material reduction in
Executive's compensation or employment related benefits, or a material change in
Executive's status, working conditions, management responsibilities or titles,
and Executive voluntarily terminates his relationship with the Company within 60
days of any such occurrence, or the last in a series of occurrences, then
Executive shall be entitled to receive, a lump sum payment equal to the
remainder of Executive's Base Salary, but no less than 18 months of salary. Such
amount will be paid to Executive within 15 business days after his termination
of affiliation with the Company.

         9.   COOPERATION. Upon the termination of this Agreement for any
reason, Executive agrees to cooperate with the Company in effecting a smooth
transition of the management of the Company with respect to the duties and
responsibilities which Executive performed for the Company. Further, after
termination of this Agreement, Executive will furnish such information and
proper assistance to the Company as it may reasonably require in connection with
any prior business arrangements in which Executive was involved, and any
litigation to which the Company is or may become party.

                                Page 4 of 6 pages
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         10.  AGREEMENT NOT TO USE OR DISCLOSE TRADE SECRETS. During the term of
this Agreement and a period of five (5) years thereafter, Executive promises and
agrees that he/she will not disclose or utilize any trade secrets acquired
during the course of service with the Company and/or its related business
entities. As used herein, "trade secret" refers to the whole or any portion or
phase of any formula, pattern, device, combination of devices, or compilation of
information which is for use, or is used, in the operation of the Company's
business and which provides the Company an advantage, or an opportunity to
obtain an advantage, over those who do not know or use it. "Trade secret" also
includes any scientific, technical, or commercial information, including any
design, list of suppliers, list of customers, as well as pricing information or
methodology, contractual arrangements with vendors or suppliers, business
development plans or activities, or Company financial information. This Section
10 is effective regardless of the reason for the termination of the Agreement
and regardless of whether the Agreement is terminated by the Executive, the
Company or by its own terms. This restrictive covenant may be assigned to and
enforced by any of the Company's assignees or successors.

         11.  AGREEMENT NOT TO USE OR DISCLOSE CONFIDENTIAL OR PROPRIETARY
INFORMATION. During the term of this Agreement and a period of two (2) years
thereafter, Executive promises and agrees that he/she will not disclose or
utilize any confidential or proprietary information acquired during the course
of service with the Company and/or its related business entities, Executive
shall not divulge, communicate, use to the detriment of the Company or for the
benefit of any other person or persons, or misuse in any way, any confidential
or proprietary information pertaining to the business of the Company. Any
confidential or proprietary information or data now or hereafter acquired by
Executive with respect to the business of the Company (which shall include, but
not be limited to, information concerning the Company's financial condition,
prospects, technology, customers, suppliers, methods of doing business and
promotion of the Company's products and services) shall be deemed a valuable,
special and unique asset of the Company that is received by Executive in
confidence and as a fiduciary. For purposes of this Agreement "confidential and
proprietary information" means information disclosed to Executive as a
consequence of or through his employment by the Company (including information
conceived, originated, discovered or developed by Executive) prior to or after
the date hereof and not generally known or in the public domain, about the
Company or its business. This Section 10 is effective regardless of the reason
for the termination of the Agreement and regardless of whether the Agreement is
terminated by the Executive, the Company or by its own terms. This restrictive
covenant may be assigned to and enforced by any of the Company's assignees or
successors.

         12.  INJUNCTIVE RELIEF. In recognition of the unique services to be
performed by Executive and the possibility that any violation by Executive of
Section 10 or Section 11 of this Agreement may cause irreparable or
indeterminate damage or injury to Company, Executive expressly stipulates and
agrees that the Company shall be entitled, upon ten (10) days written notice to
Executive, to obtain an injunction from any court of competent jurisdiction
restraining any violation or threatened violation of this Agreement. Such right
to an injunction shall be in addition to, and not in limitation of, any other
rights or remedies the Company may have for damages.

         13.  JUDICIAL MODIFICATION OF AGREEMENT. The Company and Executive
specifically agree that a court of competent jurisdiction (or an arbitrator, as
appropriate) may modify or amend Section 10 or Section 11 of this Agreement if
absolutely necessary to conform with relevant law or binding judicial decisions
in effect at the time the Company seeks to enforce any or all of said
provisions.

                                Page 5 of 6 pages
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         14.  RESOLUTION OF DISPUTES BY ARBITRATION. Any claim or controversy
that arises out of or relates to Executive's employment, this Agreement, or the
breach of this Agreement, will be resolved by arbitration in Palm Beach County
in accordance with the rules of the American Arbitration Association. Judgment
upon the award rendered by the arbitrator may be entered in any court possessing
jurisdiction over arbitration awards. This Section shall not limit or restrict
the Company's right to obtain injunctive relief for violations of Section 10 or
Section 11 of this Agreement directly from a court under Section 13 of this
Agreement. Each party shall be required to bear its own costs and attorney's
fees incurred in any arbitration arising out of Executive's employment, this
Agreement, or the breach of this Agreement.

         15.  ADEQUATE CONSIDERATION. Executive expressly agrees that the
Company has provided adequate, reasonable consideration for the obligations
imposed upon him in this Agreement.

         16.  ENTIRE AGREEMENT. This Agreement sets forth the entire agreement
between the parties, and supersedes any prior agreements or understanding
between the Company and Executive. This Agreement may be amended only in
writing, signed by both parties.

         17.  LIMITED EFFECT OF WAIVER BY COMPANY. If the Company waives a
breach of any provision of this Agreement by Executive, that waiver will not
operate or be construed as a waiver of later breaches by Executive.

         18.  SEVERABILITY. If any provision of this Agreement is held invalid
for any reason, such invalidity shall not affect the enforceability of the
remainder of this Agreement.

         19.  ASSUMPTION OF AGREEMENT BY COMPANY'S SUCCESSORS AND ASSIGNS. At
the Company's sole option, the Company's rights and obligations under this
Agreement will inure to the benefit and be binding upon the Company's successors
and assigns. Executive may not assign his rights and obligations under this
Agreement.

         20.  APPLICABLE LAW. Executive and the Company agree that this
Agreement shall be subject to, and enforceable under, the laws of the State of
Florida.

         IN WITNESS WHEREOF, the parties have executed this Employment Agreement
on May 31, 2000.

COMPANY                                      EXECUTIVE

By: /s/ Tarek Kirschen                       By: /s/ Michael D. Karsch
   -------------------------------              -------------------------------

----------------------------------           ----------------------------------
Witness                                      Witness

                                Page 6 of 6 pages

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