Document:

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                                                                    Exhibit 10.4

NEITHER THIS OPTION NOR THE COMMON STOCK TO BE ISSUED UPON EXERCISE HEREOF, HAS
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR
QUALIFIED UNDER ANY STATE SECURITIES LAW (THE "LAW"), AND THIS OPTION HAS BEEN,
AND THE COMMON STOCK TO BE ISSUED UPON EXERCISE HEREOF WILL BE, ACQUIRED FOR
INVESTMENT AND NOT WITH A VIEW TO, OR FOR RESALE IN CONNECTION WITH, ANY
DISTRIBUTION THEREOF. NO SUCH SALE OR OTHER DISPOSITION MAY BE MADE WITHOUT AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT AND QUALIFICATION UNDER THE LAW
RELATED THERETO OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO OPTIKA
INVESTMENT COMPANY, INC. AND ITS COUNSEL, THAT SAID REGISTRATION AND
QUALIFICATIONS ARE NOT REQUIRED UNDER THE ACT AND LAW, RESPECTIVELY.

                         OPTIKA INVESTMENT COMPANY, INC.

                             STOCK OPTION AGREEMENT

         This stock option (the "OPTION" or the "AGREEMENT") is being granted
pursuant to certain resolutions of THE BOARD OF Directors OF OPTIKA Investment
Company, Inc., dated as of April 1, 2001.

I.       NOTICE OF STOCK OPTION GRANT

         OPTIONEE:

         Edward P. Mooney

         You have been granted an Option to purchase shares of Common Stock of
Optika Investment Company, Inc. (the "Company"). This Option shall be subject to
the following terms and conditions:

                 Date of Grant:                     April 1, 2001

                 Exercise Price Per Share:          $1.50

                 Number of Shares:                  100,000

                 Type of Option:                    Nonqualified Stock Option

                 Expiration Date:                   April 1, 2011, unless
                                                    sooner terminated as set
                                                    forth in paragraph 7 herein.

         EXERCISE PRICE:

         The exercise price of this Option is $ 1.50 per share as may be
adjusted from time as provided below ("EXERCISE PRICE").

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         VESTING SCHEDULE:

         This Option may be exercised, in whole or in part, subject to the terms
of this Agreement.

II.      AGREEMENT

         1. GRANT OF OPTION. The Company hereby grants to Edward P. Mooney (the
"OPTIONEE"), an option (the "OPTION") to purchase the number of shares (the
"SHARES") as set forth in the Notice of Grant attached as Part I of this
Agreement at the Exercise Price per share set forth in the Notice of Grant,
subject to the terms and conditions set forth herein.

         2. EXERCISE OF OPTION.

            (a)  RIGHT TO EXERCISE. This Option is exercisable during its
         term as set forth in the Notice of Grant and the applicable provisions
         of this Option Agreement. In the event of Optionee's death, disability
         or other termination of Optionee's employment, the exercisability of
         the Option is governed by the applicable provisions of this Option
         Agreement.

            (b)  METHOD OF EXERCISE. This Option is exercisable by delivery
         of an exercise notice, in the form attached as Exhibit A (the "Exercise
         Notice"), which shall state the election to exercise the Option, the
         number of Shares in respect of which the Option is being exercised (the
         "Exercised Shares"), and such other representations and agreements as
         may be required by the Company. The Exercise Notice shall be signed by
         the Optionee and shall be delivered in person or by certified mail to
         the Secretary of the Company. The Exercise Notice shall be accompanied
         by payment of the aggregate Exercise Price as to all Exercised Shares.
         This Option shall be deemed to be exercised upon receipt by the Company
         of such fully executed Exercise Notice accompanied by such aggregate
         Exercise Price.

         3. METHOD OF PAYMENT. Payment of the aggregate Exercise Price shall be
by any of the following, or a combination thereof, at the election of the
Optionee:

            (a)   Cash;

            (b)   Check;

            (c) In lieu of exercising this Option by delivery of cash or check,
         the Optionee may make a valid Option exercise by electing to receive
         shares equal to the value of this Option (or the portion thereof being
         canceled) by surrendering this Option at the principal office of the
         Company together with the Exercise Notice (a "NET EXERCISE"), in which
         event the Company shall transfer to the Optionee a number of Shares
         computed using the following formula:

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         X    =          Y (A-B)
                         --------
                             A

Where    X    =        the number of Option Shares to be issued to such Optionee

         Y    =        the number of Option Shares purchasable by such Optionee
                       under this Option Agreement, the rights to which are
                       surrendered pursuant to the Net Exercise.    I

         A    =        the Fair Market Value of one Option Share, (as
                       determined by the Closing price of the Company's
                       Common Stock on the trading day immediately preceding
                       the date the Option is exercised, as reported by The
                       Nasdaq National Market or other exchange upon which
                       the Company's stock is quoted).

         B    =        the Exercise Price (as adjusted to the date of such
                       calculation).

         4.   ASSIGNABILITY OF OPTION. This Option may be assigned by the holder
upon the giving of written notice to the Company of (i) the name of the assignee
("Assignee") and (ii) the number of Options assigned to any Assignee.

         Upon any assignment of the Option or portion thereof, the Registration
Rights granted pursuant to Section 4 of this Option Agreement can only be
exercised upon the unanimous written consent of all holders of the Options at
the time the Demand Right is exercised. The terms of this Option Agreement shall
be binding upon the executors, administrators, heirs, successors and assigns of
the Optionee.

         5. TERM OF OPTION. This Option must be exercised within ten (10) years
from the date hereof, and may be exercised during such term only in accordance
with the terms of this Option Agreement.

         6. TERMINATION OF OPTION. The Option shall terminate under the
following circumstances:

            (a) The Option shall terminate on the Expiration Date;

            (b) If the Optionee dies before the Option terminates pursuant
         to paragraph 7(a), above, the Option shall terminate on the earlier of
         (i) the date on which the Option would have lapsed had the Optionee
         lived; or (ii) 15 months after the date of the Optionee's death. Upon
         the Optionee's death, any exercisable Options may be exercised by the
         Optionee's legal representative or representatives, by the person or
         persons entitled to do so under the Optionee's last will and testament,
         or, if the Optionee shall fail to make testamentary disposition of the
         Option or shall die intestate, by the person or persons entitled to
         receive said Option under the applicable laws of descent and
         distribution.

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         7. DILUTION PROTECTION.

            (a) In the event the Company shall (i) declare a dividend on its
         Common Stock in shares of Common Stock or make a distribution in
         shares of Common Stock, (ii) declare a stock split or reverse stock
         split of its outstanding shares of Common Stock, (iii) combine its
         outstanding shares of Common Stock into a smaller number of shares of
         Common Stock or (iv) issue by reclassification of its shares of Common
         Stock other securities (including any such reclassification in
         connection with a consolidation or merger in which the Company or any
         of its subsidiaries is the continuing corporation), then the number of
         shares of Common Stock of the Company, deliverable to Optionee
         hereunder and the exercise price related thereto shall be adjusted so
         that Optionee shall be entitled to receive the kind and number of
         shares of Common Stock of the Company which the Optionee has the right
         to receive, upon the happening of any of the events described above,
         with respect to the shares of the Company stock which were otherwise
         deliverable pursuant hereto. An adjustment made pursuant to this
         paragraph shall become effective immediately after the effective date
         of such event;

            (b) Whenever the number of Shares or the exercise price of this
         Option is adjusted pursuant to this paragraph, the Company shall
         promptly mail by first class mail, postage prepaid, to Optionee,
         notice of such adjustment or adjustments.

         8. AVAILABILITY OF COMPANY STOCK. The Company hereby agrees and
covenants that at ail times during the term of this Option it shall reserve for
issuance a sufficient number of shares of Common Stock as would be required upon
full exercise of the rights represented by this Agreement.

         9. TAX CONSEQUENCES. Some of the federal tax consequences relating to
this Option, as of the date of this Option, are set forth below. T141S SUMMARY
IS NECESSARILY INCOMPLETE, AND THE TAX LAWS AND REGULATIONS ARE SUBJECT TO
CHANGE. THE OPTIONEE SHOULD CONSULT A TAX ADVISER BEFORE EXERCISING THIS OPTION
OR DISPOSING OF THE SHARES.

            (a) EXERCISING THE OPTION. The Optionee may incur regular federal
         income tax liability upon exercise of the Option. The Optionee may be
         treated as having received compensation income (taxable at ordinary
         income tax rates) equal to the excess, if any, of the Fair Market
         Value of the Exercised Shares on the date of exercise over their
         aggregate Exercise Price. If the Optionee is an Employee, the Company
         will be required to withhold from Optionee's compensation or collect
         from Optionee and pay to the applicable taxing authorities an amount
         equal to a percentage of this compensation income at the time of
         exercise.

            (b) DISPOSITION OF SHARES. If the Optionee holds the Shares for at
         least one year, any gain realized on disposition of the Shares will be
         treated as long-term capital gain for federal income tax purposes.

         10. GOVERNING LAW. This Agreement is governed by the laws of the State
Nevada.

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IN WITNESS WHEREOF, this Agreement is executed effective as of the date first
set forth above.

                                       OPTIKA INVESTMENT COMPANY, INC.

                                       By:______________________________________
                                       Its:_____________________________________

                                       OPTIONEE:

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

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                                    EXHIBIT A

                         OPTIKA INVESTMENT COMPANY, INC.

                                 EXERCISE NOTICE

Optika Investment Company, Inc.
c/o 8450 East Crescent Parkway, Suite 100
Greenwood Village, CO 80111-2818

         1. EXERCISE OF OPTION. Effective as of today,_________________, ___,
the undersigned ("PURCHASER") hereby elects to purchase ______________ shares
(the "SHARES") of the non-voting Common Stock of Optika Investment Company, Inc.
(the "Company") under and pursuant to the Stock Option Agreement dated (the
"OPTION AGREEMENT"). The purchase price for the Shares shall be as set forth in
the Option Agreement, as adjusted.

         2. DELIVERY OF PAYMENT. Purchaser herewith delivers to the Company the
full purchase price for the Shares either |_| in cash or check |_| or by Net
Exercise.

         3. REPRESENTATIONS OF PURCHASER. Purchaser acknowledges that Purchaser
has received, read and understood the Option Agreement and agrees to abide by
and be bound by its terms and conditions,

         4. RIGHTS AS SHAREHOLDER. Until the issuance (as evidenced by the
appropriate entry on the books of the Company or of a duly authorized transfer
agent of the Company) of the stock certificate evidencing the Shares, no right
to vote or receive dividends or any other rights as a shareholder shall exist
with respect to the Shares, notwithstanding the exercise of the Option. A stock
certificate for the number of Shares so acquired shall be issued to the
Purchaser as soon as practicable after exercise of the Option.

         5. TAX CONSULTATION. Purchaser understands that Purchaser may suffer
adverse tax consequences as a result of Purchaser's purchase or disposition of
the Shares. Purchaser represents that Purchaser has consulted with any tax
consultants Purchaser deems advisable in connection with the purchase or
disposition of the Shares and that Purchaser is not relying on the Company for
any tax advice.

         6. ENTIRE AGREEMENT. The Option Agreement is incorporated herein by
reference. This Exercise Notice and the Option Agreement constitute the entire
agreement of the parties and supersede in their entirety all prior undertakings
and agreements of the Company and the Purchaser with respect to the subject
matter hereof.

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Submitted by:                              Accepted by:

PURCHASER:                                 OPTIKA INVESTMENT COMPANY, INC.

______________________________
Signature                                  By: /s/ ROBERT WALLACE
                                               ---------------------------------
                                           Its:
                                               ---------------------------------

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Print Name

Address:
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                                                                    Exhibit 10.5

                              SEPARATION AGREEMENT

         This Separation Agreement ("Agreement") is made and entered into as of
this 19th day of December 2001 (the "Execution Date") by and among USA
Broadband, Inc., a Delaware corporation (the "Company") and David M. Lerten
("Executive"). (The Company and Executive are hereinafter sometimes referred to
individually as a "Party" and collectively as the "Parties").

         WHEREAS, pursuant to the oral Employment Agreement by and between the
Company and Executive (the "Employment Agreement"), Executive has served as
President and Chief Executive Officer of the Company;

         WHEREAS, Executive has also been elected to serve as a member of the
Company's Board of Directors; and

         WHEREAS, Executive desires to resign from his position as an officer
and a director of the Company, and the Company desires to accept Executive's
resignation, on the terms and conditions set forth herein;

         NOW, THEREFORE, for and in consideration of the promises and covenants
made between the Parties and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Parties agree as follows:

         1. TERMINATION OF EMPLOYMENT. Effective on December 19, 2001 (the
"Effective Date"), Executive resigns from all of his offices and positions with
the Company including his position as a member of the Company's Board of
Directors and, except as otherwise provided herein, the Parties' rights and
obligations under the Employment Agreement shall terminate.

         2. SEPARATION CONSIDERATION. As complete satisfaction of the Company's
obligations under the Employment Agreement and except as otherwise may be
provided herein:

            a. STOCK FORFEITURE. Pursuant to the Employment Agreement, Executive
was entitled to receive one hundred eighty thousand (180,000) shares of common
stock of the Company (the "Shares"), which Shares were subject to forfeiture if
certain performance criteria were not met. Of the Shares, Executive was issued
seventy-five thousand (75,000) Shares in exchange for consulting services
provided by Executive (the "Issued Shares"), and with regard to the remaining
Shares, Executive and the Company hereby agree that the performance criteria
have not been satisfied and that on the Execution Date, Executive shall forfeit
the remaining Shares to the Company. Within five (5) days following the
Execution Date, Executive hereby agrees to sell, transfer and convey the Issued
Shares to ____________ for an amount equal to FIFTY-TWO THOUSAND DOLLARS
($52,000). If the Issued Shares are not sold as provided above, the Issued
Shares shall remain subject to forfeiture.

            b. [Intentionally Left Blank]

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            c. STOCK OPTION. The Company shall grant Executive an option to
purchase up to TWO HUNDRED THIRTY-FIVE THOUSAND (235,000) shares of common stock
of the Company (the "Option"). Executive shall be entitled to purchase the
shares under the Option, in whole or in part, according to the following
schedule and for the following prices:

               i.   EIGHTY-FIVE THOUSAND (85,000) SHARES on or after the
                    Execution Date for $1.50 per share;

               ii.  SEVENTY-FIVE THOUSAND (75,000) SHARES on or after April 1,
                    2002 for $2.50 per share; and

               iii. SEVENTY-FIVE THOUSAND (75,000) SHARES on or after April 1,
                    2003 for $3.50 per share.

         The Option shall expire five (5) years from the date of issuance.
Executive may not transfer, pledge, sell or assign the Option or any shares
issued or issuable in connection with the exercise of the Option except in
compliance with applicable federal and state securities laws. Upon any breach by
Executive of SECTIONS 6, 7 OR 8 of this Agreement, the Option shall terminate
immediately and any shares acquired on exercise of the Option shall immediately
be forfeited to the Company. The Option shall be evidenced by the Stock Option
Agreement attached hereto as EXHIBIT A (the "Stock Option Agreement") and shall
be executed on the same date as this Agreement. Except as otherwise provided
herein, all agreements between the Parties providing Executive with the right,
option or opportunity to purchase any securities of the Company shall terminate
on the Effective Date.

            d. PROMISSORY NOTE. Executive hereby acknowledges that he owes the
Company TWO HUNDRED FIFTY-TWO THOUSAND FIVE HUNDRED DOLLARS ($252,500) plus any
accrued and unpaid interest on such amount with respect to a loan Executive
received from the Company in connection with Executive's purchase of one hundred
sixty-six thousand six hundred sixty-seven (166,667) shares of Series A
Convertible Preferred Stock of the Company (the "Series A Shares"). The amount
of the principal represents the purchase price of the Series A Shares; provided
that the principal sum of the note evidencing the obligation will be reduced on
January 2, 2002 to ONE HUNDRED TWENTY-SEVEN THOUSAND FIVE HUNDRED DOLLARS
($127,500). On the Execution Date, Executive agrees to execute (i) the
promissory note attached hereto as EXHIBIT B to evidence the loan (the "Note");
(ii) the Stock Pledge and Security Agreement attached hereto as EXHIBIT C to
secure payment of the loan (the "Pledge Agreement"); and (iii) the Subscription
Agreement for the Series A Shares dated as of October 25, 2001 (the
"Subscription Agreement").

         3. INSURANCE AND RETIREMENT BENEFITS. Executive hereby acknowledges
that during his employment with the Company he has not participated in, or been
entitled to participate in, or received any benefits from, any health, life or
other insurance policy or any retirement, pension or benefit plans.

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         4. BANK ACCOUNTS. Executive agrees to take all actions necessary to
remove himself as a signatory on the Company's bank accounts.

         5. COMPANY RECORDS AND EQUIPMENT. Executive shall provide a schedule
of, and return to the Company any and all Company equipment, property, products,
services, processes, technology, inventions, patents, business strategies,
pricing information, current and prospective customer lists, marketing plans and
any and all other materials relating to the Company or its business in
Executive's possession in whatever form or medium whether written, electronic,
recorded or otherwise.

         6. NON-SOLICITATION AND NON-COMPETITION.

            a. Except as provided below, for a period of two (2) year following
the Effective Date (the "Restrictive Period"), Executive shall not anywhere in
the United States, without the prior written consent of the Company, directly or
indirectly:

               i.   engage in or perform any services, whether full or
                    part-time, or on a consulting or advisory basis, or become
                    financially interested in any business or undertaking which
                    is competitive with any business which at the time of the
                    Effective Date is carried on by the Company. The foregoing
                    provisions shall not restrict Executive's ownership of up to
                    5% of a class of publicly traded securities of companies
                    that compete with the Company;

               ii.  solicit or accept business from any client of the Company
                    with which Executive had dealings on behalf of the Company
                    during the last year of his employment by the Company;

               iii.  take any action which might divert from the Company any
                     opportunity  within  the scope of its then business; or

               iv.   solicit, hire or otherwise engage any person employed by
                     the Company within twelve (12) months prior to the
                     Effective Date, to perform services for Executive or any
                     other person.

            b. It is the intention of the Parties that in the event any of the
covenants contained in this SECTION 6 shall be construed by any court as being
in any respect illegal or against public policy, any such covenant or portion
thereof shall not fail in its entirety, but shall continue in force and effect
for the term hereof to whatever extent may be necessary to protect the interests
of the Company and its perspective successors and assigns within the permissible
limits of legality and public policy.

            c. It is mutually agreed that the time period and geographical area
of the covenants set forth in this SECTION 6 are reasonable and acceptable to
both Parties. It is expressly

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recognized and agreed that the covenants set forth in this SECTION 6 are for the
purpose of restricting the activities of Executive only to the extent necessary
for the protection of the legitimate business interests of the Company, and
Executive agrees that such covenants are reasonable for that purpose and do not
and will not preclude Executive from engaging in activities sufficient for the
purpose of earning a living or impose an undue hardship on Executive.

            d. Executive shall refer exclusively to the Company, all
opportunities falling within the scope of the Company's business of which
Executive becomes aware while serving as an agent, employee, consultant advisor
or otherwise to a third party; provided, however, that the Company shall be
under no obligation to pursue any such opportunity referred by Executive. If the
Company does not pursue any opportunity referred by Executive, then Executive
may refer the opportunity to another party.

            e. On or before each January 15, April 15, July 15 and October 15
occurring during the Restrictive Period, Executive shall deliver to the Company
written certification that he is in full compliance with, and not in breach of,
the provisions of this SECTION 6.

         7. NON-DISPARAGEMENT. Each Party agrees not to, directly or indirectly,
slander, libel or otherwise disparage or make any false statements or take any
action which is, or is intended to, or could reasonably be expected to, be
detrimental to the other Party, its business or reputation.

         8. CONFIDENTIALITY. Executive hereby acknowledges that the Company
possesses certain Confidential Information that is a valuable, special and
unique asset of the Company's business which has been made available to him
solely by virtue of his employment with the Company and solely to assist him in
performing his duties for the Company. As used herein, the term "Confidential
Information" includes all information and materials of, belonging to, used by,
or in the possession of the Company including, without limitation, information
relating to the Company's products, services, processes, technology, inventions,
patents, developments, business strategies, pricing, current and prospective
customers, marketing plans and trade secrets of every kind and character,
financial statements and records, financial condition, accounts receivable and
payable ledgers, business operations, and business opportunities, but does not
include (i) information that is in the public domain at the time the information
is acquired by Executive, (ii) information that later becomes public through no
act or omission of Executive or (iii) information generally known in the
industry in which the Company operates. Executive hereby acknowledges that all
Confidential Information is the exclusive property of the Company, whether or
not prepared in whole or in part by Executive and whether or not disclosed to or
entrusted to the custody of Executive. Executive hereby agrees that he will not
disclose any Confidential Information, in whole or in part, to any person or
entity, unless authorized to do so by the Company. Executive further agrees that
he shall not use any Confidential Information for his own purposes or for the
benefit of any other person or entity except the Company, whether such use
consists of duplication, removal, oral use or disclosure, or any other use,
without the Company's prior written consent.

         9. RELEASE.

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            a. Except for the rights and obligations arising under this
Agreement and claims related thereto, Executive, for himself and his successors,
administrators, executors, trusts, trustees, beneficiaries, heirs and assigns,
hereby fully and generally releases, waives and forever discharges the Company
and their respective shareholders, directors, officers, employees, agents and
attorneys whether past or present (the "Released Parties"), from any and all
actions, suits, debts, demands, damages, claims, judgments, liabilities,
benefits or other remedial relief of any nature, including costs and attorneys'
fees, whether known or unknown, including, but not limited to, all claims
arising out of Executive's employment with or separation from the Company, its
predecessors, successors and assigns, such as (by way of example only) any claim
for compensation, expense reimbursement, severance or other benefits apart from
the benefits stated herein; breach of contract; wrongful or tortious discharges;
impairment of economic opportunity; any claim under common law or equity; any
tort; claims for reimbursements; claims for commissions; implied or express
employment contracts or estoppel; or claims for employment discrimination under
Title VII of the Civil Rights Act of 1964, as amended, the Rehabilitation Act of
1973, as amended, the Americans with Disabilities Act of 1990, as amended, the
Civil Rights Act of 1866 and 1991, as amended, or any other state, federal or
local law, statute or regulation. Executive acknowledges and agrees that this
release, the release contained in SECTION 10 and the covenant not to sue set
forth in SECTION 11 are essential and material terms of this Agreement and that,
without such release and covenant not to sue, no agreement would have been
reached by the parties and no separation payment would have been paid.

            b. Except for the rights and obligations arising under this
Agreement and claims relating thereto, the Company for themselves and the other
Released Parties, hereby fully and generally releases, waives and forever
discharges the Executive, for himself and his successors, administrators,
executors, trusts, trustees, beneficiaries, heirs and assignees from any and all
actions, suits, debts, demands, damages, claims, judgments, liabilities,
benefits or other remedial relief of any nature, including costs and attorneys'
fees, whether known or unknown, including, but not limited to, all claims
arising out of Executive's employment with or separation from the Company, its
predecessors, successors, assigns, such as (by way of example only) any claim
for compensation, severance or other benefits apart from the benefits stated
herein; breach of contract; impairment of economic opportunity; any claim under
common law or equity; and any tort.

         10. EXECUTIVE'S RELEASE OF AGE CLAIMS. EXECUTIVE SPECIFICALLY WAIVES
AND RELEASES THE COMPANY AND ITS AGENTS FROM ALL CLAIMS EXECUTIVE MAY HAVE AS OF
THE DATE EXECUTIVE SIGNS THIS AGREEMENT REGARDING CLAIMS OR RIGHTS ARISING UNDER
THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967, AS AMENDED 29 U.S.C. ss. 621
("ADEA"). THIS SECTION 10 DOES NOT WAIVE RIGHTS OR CLAIMS THAT MAY ARISE UNDER
THE ADEA AFTER THE DATE EXECUTIVE SIGNS THIS AGREEMENT; EXECUTIVE FURTHER
AGREES: (a) THAT EXECUTIVE'S WAIVER OF RIGHTS UNDER THIS RELEASE IS KNOWING AND
VOLUNTARY AND IN COMPLIANCE WITH THE OLDER WORKER'S BENEFIT PROTECTION ACT OF
1990; (b) THAT EXECUTIVE UNDERSTANDS THE TERMS OF THIS

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RELEASE; (c) THAT THE SEPARATION PAYMENT AND OTHER BENEFITS CALLED FOR IN THIS
AGREEMENT WOULD NOT BE PROVIDED TO ANY EXECUTIVE TERMINATING HIS EMPLOYMENT WITH
THE COMPANY WHO DID NOT SIGN A RELEASE SIMILAR TO THIS RELEASE, THAT SUCH
PAYMENT AND BENEFITS WOULD NOT HAVE BEEN PROVIDED HAD EXECUTIVE NOT SIGNED THIS
RELEASE, AND THAT THE PAYMENT AND BENEFITS ARE IN EXCHANGE FOR THE SIGNING OF
THIS RELEASE; (d) THAT EXECUTIVE HAS BEEN ADVISED IN WRITING BY THE COMPANY TO
CONSULT WITH AN ATTORNEY PRIOR TO EXECUTING THIS RELEASE; (e) THAT THE COMPANY
HAS GIVEN EXECUTIVE A PERIOD OF AT LEAST TWENTY-ONE (21) DAYS WITHIN WHICH TO
CONSIDER THIS RELEASE WHICH EXECUTIVE MAY WAIVE BY SIGNING THIS AGREEMENT ON A
DATE PRIOR TO THE EXPIRATION OF THAT TWENTY-ONE (21) DAY PERIOD; (f) THAT
EXECUTIVE REALIZES THAT FOLLOWING EXECUTIVE'S EXECUTION OF THIS RELEASE,
EXECUTIVE HAS SEVEN (7) DAYS IN WHICH TO REVOKE THIS RELEASE BY WRITTEN NOTICE
TO THE COMPANY; AND (g) THAT THIS ENTIRE AGREEMENT SHALL BE VOID AND OF NO FORCE
AND EFFECT IF EXECUTIVE CHOOSES TO SO REVOKE, AND IF EXECUTIVE CHOOSES NOT TO SO
REVOKE, THAT THIS AGREEMENT AND RELEASE SHALL THEN BECOME EFFECTIVE AND
ENFORCEABLE.

         11. COVENANT NOT TO SUE. To the maximum extent permitted by law, and
except for any claims arising under this Agreement, each Party covenants not to
sue or to institute or cause to be instituted any action in any federal, state
or local agency or court against the other Party. In addition, nothing herein
shall be construed to prevent Executive from enforcing any rights he may have
under the Employee Retirement Income Security Act of 1974 ("ERISA").

         12. INDEMNIFICATION. The Company shall defend, indemnify and hold
harmless Executive in the manner, and to the extent, the Company is required to
defend, indemnify and hold harmless, its officers, directors and employees
pursuant to the Articles for any claim against Executive relating to acts
performed by Executive as an officer or director of the Company during the
course and scope of his employment or directorship by the Company.

         13. ACKNOWLEDGMENT. Executive acknowledges by signing this Agreement
that Executive has read and understands the significance and consequences of
this Agreement, that Executive has had an opportunity to review whatever
documents he deemed relevant to his decision to execute this Agreement, that
Executive was advised by the Company to consult with his own legal counsel and
has either conferred with or had the opportunity to confer with his own attorney
regarding the terms and meaning of this Agreement, that no representations or
inducements have been made to Executive except as set forth in this Agreement,
and that Executive has signed this Agreement KNOWINGLY AND VOLUNTARILY.

         14. NON-DISCLOSURE REPRESENTATION AND WARRANTY. Executive has not, and
will not, disclose to any third party any Confidential Information (as that term
is defined in SECTION 8 of this Agreement).

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         15. PRESS RELEASE. After the Execution Date, the Company may make a
public announcement or disclosure regarding Executive's resignation and this
Agreement, PROVIDED, HOWEVER, that prior to making any such disclosure, the
Company shall consult with Executive regarding the specific items to be
disclosed and obtain Executive's consent to such disclosure, which consent shall
not be unreasonably withheld. Notwithstanding the foregoing, any Party to this
Agreement may make any public announcement or disclosure which is required by
law (in which case the disclosing Party shall to the extent practicable advise
the other Party to this Agreement and provide to the Party a copy of such
proposed disclosure prior to making the disclosure).

         16. CLOSING DOCUMENTS. In addition to this Agreement, on the Execution
Date, the following documents shall be executed and delivered:

             a. by Executive - (a) the Stock Option Agreement; (b) the Note;
(c) the Pledge Agreement; (d) the Subscription Agreement; and (e) any
instruments or documents necessary to remove Executive as a signatory on the
Company's bank accounts; and

             b. by the Company - (a) the Stock Option Agreement; (b) the Pledge
Agreement; (c) the Subscription Agreement; and (d) any instruments or documents
necessary to remove Executive as a signatory on the Company's bank accounts.

         17. TAXES. Executive shall be responsible for any and all federal,
state and other taxes arising out of, or related to, his employment with the
Company or the transactions contemplated by this Agreement.

         18. ENTIRE AGREEMENT. This Agreement, the Stock Option Agreement, the
Note, the Pledge Agreement and the Subscription Agreement set forth the entire
agreement and understanding of the Parties relating to the subject matter
contained herein and merge all prior discussions, correspondence, agreements,
promises, commitments, contracts or other instruments or understandings between
them, and no Party shall be bound by any subsequent instrument, agreement or
representation pertaining to the subject matter contained herein unless
expressed in writing and signed by the Parties hereto.

         19. COUNTERPARTS. This Agreement may be executed in two or more
counterparts, each shall have the same force and effect as the other, as one and
the same instrument.

         20. GOVERNING LAW. This Agreement shall be governed by laws of the
State of Illinois.

         21. BINDING AGREEMENT. The Parties hereto warrant that each has been
represented by counsel in connection with this Agreement, that they have read
this Agreement, that they intend to be legally bound by the same, that they have
entered into this Agreement freely and voluntarily, and that they have the full
right, power, authority and capacity to enter into and execute the same. The

                                       7
<Page>

Parties hereto further warrant that this Agreement is entered into with no Party
relying upon any statement or representation made by any other Party not
expressly embodied in this Agreement.

         22. EQUITABLE RELIEF. Executive expressly acknowledges and agrees that
the violation of any of the provisions this Agreement would cause immediate and
irreparable harm, loss and damage to the Company not adequately compensable by a
monetary award. Without limiting any of the other remedies available to the
Company at law or in equity, or the Company's right or ability to collect money
damages, Executive agrees that any actual or threatened violation of any of the
provisions of this Agreement may be immediately restrained or enjoined by any
court of competent jurisdiction, and that a temporary restraining order or
injunction (preliminary or final) or any other equitable relief may be issued in
any court of competent jurisdiction, upon seventy-two (72) hours notice.

         23. ATTORNEYS' FEES. In any claim arising out of or relating to this
Agreement, the prevailing party shall recover his or its reasonable costs and
attorneys' fees.

         24. VENUE AND JURISDICTION. Venue and jurisdiction of any lawsuit
involving this Agreement shall exist in state and federal courts in Cook County,
Illinois; however, if the Company seeks injunctive relief, the company may file
such action wherever in its judgment relief might most effectively be obtained.

         25. NOTICES. All notices, requests and other communications hereunder
shall be in writing and shall be deemed to be duly given if delivered or mailed
by prepaid mail addressed to:

             a. If to Executive:     David M. Lerten
                                     3006 Woodside Street, Unit 7019
                                     Dallas, Texas 75204
                                     Facsimile: 214-765-0339

             b. If to the Company:   USA Broadband, Inc.
                                     921 Transport Way, #4
                                     Petaluma, CA 94954
                                     Attention: Edward Mooney
                                     Facsimile: 707-769-1622

                with a copy to:      Shefsky & Froelich Ltd.
                                     444 N. Michigan Avenue, Suite 2500
                                     Chicago, IL 60611
                                     Attention: Cezar M. Froelich
                                     Facsimile: 312-527-5921

         or such other address as the addressee may direct in writing.

         26. CAPTIONS. The captions applied to the sections of this Agreement
are for convenience only and shall not affect their meaning or construction.

                                       8
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         27. WAIVER. The failure of either party to insist in any instance or
performance of any term of this Agreement shall not be construed as a waiver of
future performance of any such term.

         28. SEVERABILITY. If any portion of this Agreement is held invalid or
unenforceable, the remainder thereof shall remain in full force and effect, and
if the invalidity or unenforceability is due to the unreasonableness of time or
geographical restrictions, such covenants and restrictions shall be effective
for such period of time and for such areas as may be determined to be reasonable
by a court of competent jurisdiction.

                                       9
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         IN WITNESS WHEREOF, the Parties have hereunto set their hands as of the
date first written above.

EXECUTIVE:                             THE COMPANY:

                                       USA BROADBAND, INC.

By:_____________________               By:______________________________________
      David M. Lerten                              Edward P. Mooney
                                       Its: Executive Vice President

                                       10

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