Document:

INTERNET TRAFFIC AGREEMENT

         THIS AGREEMENT, is made and entered into this 7th day of January, 2000,
by and between MegaMedia Networks, Inc., a Delaware corporation, its affiliates,
successors and assigns,  hereinafter referred to as "MegaMedia" and NextTraffic,
Inc.,  a  Delaware   corporation,   its  affiliates,   successors  and  assigns,
hereinafter referred to as "NextTraffic."

         WHEREAS  MegaMedia is a media  company  providing  its  customers  with
entertainment, news, marketing, and advertising services via the internet; and,

         WHEREAS, NextTraffic is an internet traffic consolidator who provides
its clients with internet traffic; and,

         WHEREAS, MegaMedia desires and intends to acquire internet traffic from
NextTraffic as hereinafter provided;

         NOW  THEREFORE,  in  consideration  of the foregoing,  NextTraffic  and
MegaMedia agree as follows:

1.       RECITATIONS.  The foregoing recitations are true and correct.

2.       CERTAIN DEFINITIONS. The following terms used in this Agreement, with
         their initial letters capitalized, unless the context requires
         otherwise or unless otherwise expressly provided in this Agreement,

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         have the meanings  specified  in this Section 2. The singular  includes
         the plural and vice versa, as the context  requires.  When used in this
         Agreement, the following terms have the meanings set forth below:

         A.       "Agreement" means this written agreement between MegaMedia and
                  NextTraffic.

         B.       "Day" means a 24 hour period spanning from midnight of one day
                  to midnight of the following day.

         C.       "Host"  means an entity that stores  third-party  Web Sites on
                  its Internet server computers,  receives or stores commands or
                  data transmitted by Internet users, transmits Web Page data to
                  users' Internet addresses, and performs related maintenance.

         D.       "Internet"  means  the  global  computer  network   comprising
                  interconnected  networks using standard protocols as it exists
                  contemporaneously   with  the  execution  of  this  Agreement,
                  including  but not  limited to the world wide web,  as well as
                  any functionally  equivalent  medium, or medium competitive to
                  the Internet that may now or hereafter exist.

         E.       "Portal Page" means the first page viewed by a visitor or
                  customer accessing the MegaMedia Web Site also known as the
                  First Page.

         F.       "Protocols" means a set of rules that regulate the way data is
                  transmitted between computers.

         G.       " Visitor" and "Traffic" mean a person who accesses the Portal
                  Page of the MegaMedia Web Site via tracked database referral
                  from NextTraffic.

         H.       "Web Master Program" means an incentive based traffic or
                  customer referral program.

         I.       "Web Page" means each individual screen display contained in
                  MegaMedia's Web Site.

         J.       "Web Site" means all Web Pages and Domain Names associated
                  with MegaMedia and its products or services, and which are
                  stored on MegaMedia's Internet Server computer.

         K.       "World Wide Web" or "WWW" is a subset of the Internet, and is
                  a common system for browsing Internet Web Sites.

3.       TERM. The term of this Agreement is that period of time beginning on
         the effective date of this Agreement and ending three calendar years
         thereafter.

4.       OBLIGATIONS OF NEXTTRAFFIC. NextTraffic covenants and agrees with
         MegaMedia that it shall during the terms of this Agreement:

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         A.       Supply two million (2,000,000) Visitors per day to the
                  MegaMedia Web Site Portal Page in an Even Flow. NextTraffic
                  shall be compensated for the Visitors it supplies as provided
                  in Paragraph 6 below. MegaMedia, in its sole and unfettered
                  discretion, shall without liability to NextTraffic, have the
                  unrestricted right to lessen, diminish or terminate the
                  purchase of Visitors from NextTraffic at any time and for any
                  reason upon the giving of thirty (30) days written notice of
                  same to NextTraffic.

         B.       Upon request, NextTraffic will provide MegaMedia with all

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                  documentary support evidencing NextTraffic's ability to
                  perform the above services.

5.       TRAFFIC VERIFICATION. Visitors provided by NextTraffic to MegaMedia
         shall be verified through independent Nielson I/PRO AUDIT reporting.

         A.       Monthly Reports. MegaMedia shall issue a monthly report to
                  NextTraffic indicating the total number of Visitors that have
                  been provided by NextTraffic to the MegaMedia Portal Page per
                  Day.

         B.       Server Logs. NextTraffic shall also have the right to review
                  the raw data contained in MegaMedia's server logs for an
                  immediately preceding three (3) month period.

6.       CONSIDERATION TO NextTraffic. In consideration for the above referenced
         services to be rendered and provided by NextTraffic to MegaMedia,
         MegaMedia agrees to:

         A.       Pay as a Fee for the Traffic supplied by NextTraffic pursuant
                  to this Agreement, and subject to adjustment for sales that
                  are subsequently not paid to MegaMedia for any reason, on a
                  monthly basis, a sum equal to twenty five percent (25%) of all
                  purchases of MegaMedia services made by Visitors that are
                  supplied to MegaMedia by NextTraffic. MegaMedia shall pay the
                  above Traffic Fee to NextTraffic on Recurring Revenue
                  (recurring charges billed on a monthly basis) received by
                  MegaMedia arising out of purchases of MegaMedia services made
                  by Visitors that were supplied to MegaMedia by NextTraffic.
                  MegaMedia's obligation to pay the above Traffic Fee to
                  NextTraffic for each month for which Recurring Revenue payment
                  is received, shall be limited to a maximum of two (2)
                  additional months after the original sale; or $0.05 per
                  Visitor, whichever is greater.

7.       REPRESENTATIONS AND WARRANTIES OF NEXTTRAFFIC. NextTraffic warrants and
         represents to MegaMedia that:

         A.       NextTraffic  acknowledges  that it has been advised to consult
                  with  legal  counsel of its  choosing  and  acknowledges  that
                  MegaMedia  is  represented  by legal  counsel  and  that  this
                  Agreement and all other  documents  related to MegaMedia  that
                  have been  presented to it have been  prepared  solely for the
                  benefit of MegaMedia  by its counsel,  who does not and cannot
                  represent NextTraffic or its interests in this transaction.

         B.       No third party has or will have any claim, right, title, lien,
                  security  interest or other interest in or to any of the Goods
                  or  Services  to  be  provided  by  NextTraffic  to  MegaMedia
                  pursuant to this Agreement.

         C.       NextTraffic has all necessary legal capacity, right, power and
                  authority  to enter  into,  execute,  deliver,  perform and be
                  bound  by  this  Agreement,   free  of  any  liens,   security
                  interests,  encumbrances,  claims  or  interests  of any third
                  party, and to perform all NextTraffic's obligations under this
                  Agreement.

         D.       NextTraffic's execution and delivery of this Agreement and the
                  performance by NextTraffic of NextTraffic's  obligations under
                  this Agreement do not breach,  and will not result in a breach
                  or violation of, any  agreement,  lien,  security  interest or
                  other  understanding  or obligation to which  NextTraffic is a
                  party or by which NextTraffic is bound.

         E.       There is no demand, claim, suit, action, arbitration or other
                  proceeding pending or threatened (or for which any basis

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                  exists)  that in any way  questions or  jeopardizes  (or could
                  question or  jeopardize)  the ability of  NextTraffic to enter
                  into  this  Agreement  or  to  perform  any  of  NextTraffic's
                  obligations hereunder.

8.       REPRESENTATIONS AND WARRANTIES OF MEGAMEDIA. MegaMedia represents,
         warrants, and agrees as follows:

         A.       No third party has or will have any claim, right, title, lien,
                  security interest or other interest in or to any of the shares
                  of common  stock to be provided by  MegaMedia  to  NextTraffic
                  pursuant to this Agreement.

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         B.       MegaMedia has all necessary legal capacity,  right,  power and
                  authority  to enter  into,  execute,  deliver,  perform and be
                  bound  by  this  Agreement,   free  of  any  liens,   security
                  interests,  encumbrances,  claims  or  interests  of any third
                  party, and to perform all MegaMedia's  obligations  under this
                  Agreement.

         C.       MegaMedia's  execution and delivery of this  Agreement and the
                  performance by MegaMedia of MegaMedia's obligations under this
                  Agreement  do not  breach,  and will not result in a breach or
                  violation of, any agreement,  lien, security interest or other
                  understanding  or obligation to which  MegaMedia is a party or
                  by which MegaMedia is bound.

         D.       There is no demand, claim, suit, action,  arbitration or other
                  proceeding  pending  or  threatened  (or for  which  any basis
                  exists)  that in any way  questions or  jeopardizes  (or could
                  question or jeopardize) the ability of MegaMedia to enter into
                  this  Agreement or to perform any of  MegaMedia's  obligations
                  hereunder.

9.       INDEMNITY.

         A.       NextTraffic shall indemnify, defend and hold harmless
                  MegaMedia and its officers, directors, employees and agents
                  (separately and collectively provided to as the
                  "Indemnitees"), against and in respect of:

                  i.       All liabilities and other  obligations of NextTraffic
                           of any nature, whether accrued, absolute, contingent,
                           or  otherwise,  arising out of acts or  omissions  of
                           NextTraffic  or  its  agents,  employees,  directors,
                           officers,  representatives,  shareholders, members or
                           contractors, in its performance of this Agreement.

                  ii.      Any and all liabilities, whether under the Securities
                           Act of 1933, as amended,  the  securities  act of any
                           state,   or  any  other  statute  or  common  law  or
                           otherwise,  arising out of the sale or disposition by
                           NextTraffic  of any of such  securities  in a  manner
                           contrary to the representations set forth herein.

                  iii.     Any claim, suit, obligation, liability, loss, damage,
                           injury or expense,  arising out of,  connected  with,
                           related  to,  or  resulting  from any  breach  of any
                           covenant, representation,  warranty or agreement made
                           by NextTraffic in this Agreement.

                  iv.      All actions, suits, proceedings, demands,
                           assessments, judgment, costs and expenses incident to
                           any of the foregoing to include, without limitation,

<PAGE>

                           attorney's fees and costs for all proceedings, trials
                           and appeals, whether incurred before, during or after
                           trial or appeal.

                  v.       NextTraffic shall reimburse MegaMedia on demand for
                           any payment made by it at any time in respect of any
                           liability, obligation or claim to which the foregoing
                           indemnity relates. Should any claim covered by the
                           foregoing indemnity be asserted against MegaMedia,
                           MegaMedia shall notify NextTraffic promptly and give
                           it an opportunity to defend the same, and MegaMedia
                           shall extend reasonable cooperation to NextTraffic in
                           connection with such defense. In the event that
                           NextTraffic fails to defend the same within a
                           reasonable time, MegaMedia shall be entitled to
                           assume the defense thereof, and NextTraffic shall be
                           liable to repay MegaMedia for all its expenses
                           reasonably incurred in connection with the defense
                           (including reasonable attorneys' fees and settlement
                           payments).

                  vi.      In the event NextTraffic does not reimburse MegaMedia
                           as set forth above, then MegaMedia shall have a right
                           to set off the amount of such liability, obligation
                           or claim, including MegaMedia's other expenses as set
                           forth above, against monies or MegaMedia shares due
                           NextTraffic by virtue of this or any other Agreement
                           between MegaMedia and NextTraffic, such amounts being
                           applied first to the next payment due and to each
                           payment due thereafter until such amount is repaid to
                           MegaMedia in full.

         B.       MegaMedia shall indemnify, defend and hold harmless
                  NextTraffic and its officers, directors, employees and agents
                  (separately and collectively provided to as the
                  "Indemnitees"), against and in respect of:

                  i.       All liabilities and other obligations of MegaMedia of
                           any nature, whether accrued, absolute, contingent, or
                           otherwise,  arising  out  of  acts  or  omissions  of
                           MegaMedia  or  its  agents,   employees,   directors,
                           officers,  representatives,  shareholders, members or
                           contractors, in its performance of this Agreement.

                  ii.      Any and all liabilities, whether under the Securities
                           Act of 1933, as amended,  the  securities  act of any
                           state,   or  any  other  statute  or  common  law  or
                           otherwise,  arising out of the sale to NextTraffic by
                           MegaMedia  of  any of  such  securities  in a  manner
                           contrary to the representations set forth herein.

                                   Page 3 of 5

                  iii.     Any claim, suit, obligation, liability, loss, damage,
                           injury or expense,  arising out of,  connected  with,
                           related  to,  or  resulting  from any  breach  of any
                           covenant, representation,  warranty or agreement made
                           by MegaMedia in this Agreement.

                  iv.      All    actions,    suits,    proceedings,    demands,
                           assessments, judgment, costs and expenses incident to
                           any of the foregoing to include,  without limitation,
                           attorney's fees and costs for all proceedings, trials
                           and appeals, whether incurred before, during or after
                           trial or appeal.

<PAGE>

                  v.       MegaMedia shall reimburse NextTraffic on demand for
                           any payment made by it at any time in respect of any
                           liability, obligation or claim to which the foregoing
                           indemnity relates. Should any claim covered by the
                           foregoing indemnity be asserted against NextTraffic,
                           NextTraffic shall notify MegaMedia promptly and give
                           it an opportunity to defend the same, and NextTraffic
                           shall extend reasonable cooperation to MegaMedia in
                           connection with such defense. In the event that
                           MegaMedia fails to defend the same within a
                           reasonable time, NextTraffic shall be entitled to
                           assume the defense thereof, and MegaMedia shall be
                           liable to repay NextTraffic for all its expenses
                           reasonably incurred in connection with the defense
                           (including reasonable attorneys' fees and settlement
                           payments).

                  vi.      In the event MegaMedia does not reimburse NextTraffic
                           as set forth above, then NextTraffic shall have a
                           right to set off the amount of such liability,
                           obligation or claim, including NextTraffic's other
                           expenses as set forth above, against monies due
                           MegaMedia by virtue of this or any other Agreement
                           between NextTraffic and MegaMedia, such amounts being
                           applied first to the next payment due and to each
                           payment due thereafter until such amount is repaid to
                           NextTraffic in full.

10.      MISCELLANEOUS.

         A.       Complete Agreement. These Agreement constitutes the complete
                  and exclusive statement of agreement among the parties with
                  respect to the subject matter described. This Agreement
                  replaces and supersedes all prior agreements, as to the
                  subject matter of this Agreement, by and among the parties or
                  any of them and no representation, statement, or condition or
                  warranty not contained in this Agreement is binding on any
                  party hereto or has any force or effect whatsoever.

         B.       Venue and Governing Law. This Agreement and the rights of the
                  parties hereunder are governed by, interpreted, and enforced
                  in accordance with the laws of the State of Florida and the
                  parties agree that venue for any action arising out of this
                  agreement or the subject matter of this agreement, is
                  restricted to Orange County Circuit, Florida, or the U.S.
                  District Court for the Middle District of Florida, Orlando
                  Division.

         C.       Terms. Common nouns and pronouns refer to the singular and
                  plural, identity of the person or persons, firm or corporation
                  as the context requires. Any reference to the Code,
                  Regulations or other statutes or laws will include all
                  amendments, modifications, or replacements of the specific
                  sections and provisions concerned.

         D.       Headings. All headings herein are inserted only for
                  convenience and ease of reference and are not to be considered
                  in the construction or interpretation of any provision of this
                  Agreement.

         E.       Severability. If any provision of this Agreement is held to be
                  illegal, invalid, or unenforceable under the present or future
                  laws effective during the term of this Agreement, such
                  provision is fully severable; this Agreement is to be
                  construed and enforced as if such illegal, invalid, or
                  unenforceable provision had never comprised a part of this
                  Agreement; and the remaining provisions of this Agreement will

<PAGE>

                  remain in full force and effect  and will not be  affected  by
                  the illegal,  invalid, or unenforceable provision;  there will
                  be added automatically as a part of this Agreement a provision
                  as similar in terms to such illegal, invalid, or unenforceable
                  provision  as  may  be  possible  and  be  legal,   valid  and
                  enforceable.

         F.       Multiple Counterparts. This Agreement may be executed in
                  several counterparts, each of which is deemed an original but
                  all of which constitute one and the same instrument. However,
                  in making proof only one copy signed by the party to be
                  charged is required.

         G.       Additional Documents and Acts. Each party agrees to execute
                  and deliver additional documents and instruments and to
                  perform all additional acts necessary or appropriate to
                  effectuate, carry out and perform all of the terms,
                  provisions, and conditions of this Agreement and the
                  transactions contemplated hereby.

         H.       No Third Party Beneficiary. This Agreement is made solely and
                  specifically among and for the benefit of the parties hereto,
                  and their respective successors and assigns subject to the
                  express provisions hereof

                                   Page 4 of 5

                  relating to successors and assigns, and no other person has or
                  will have any  rights,  interest,  or claims  hereunder  or be
                  entitled to any benefits under or on account of this Agreement
                  as a third party beneficiary or otherwise.

         I.       Amendments. All amendments to this Agreement must be in
                  writing and signed by all the parties.

         J.       Notices. Any notice to be given or to be served on any party
                  hereto in connection with this Agreement must be in writing
                  and is deemed to have been given and received when deposited
                  in the U.S. mail, addressed specified by the party to receive
                  the notice.

                  As to MegaMedia:          57 West Pine Street, 3rd Floor
                                            Orlando, Florida 32081
                                            Attention: Legal Department

                  As to NextTraffic:

                  Any party  may at any time,  designate  any other  address  in
                  substitution  of the  foregoing  address to which such  notice
                  will be given by giving  written  notice to the other party at
                  least (15) days prior to the date of delivery of the notice.

         K.       Reliance on Authority of Person Signing Regulations. In the
                  event that a party is not a natural person, no other party
                  will (a) be required to determine the authority of the
                  individual signing this Agreement to make any commitment or
                  undertaking on behalf of such Entity or to determine any fact
                  or circumstance bearing on the existence of the authority of
                  such individual or (b) be required to see to the application
                  or distribution of proceeds paid or credited to individuals
                  signing this Agreement on behalf of such Entity.

         L.       Attorney's Fees. In the event it shall be necessary for any

<PAGE>

                  party to seek court intervention in order to enforce or defend
                  its rights hereunder,  the prevailing party in any such action
                  shall recover from the non-prevailing,  party or parties,  all
                  reasonable   attorneys'  fees,  costs  and  expenses  incurred
                  therein.

         IN WITNESS WHEREOF, the undersigned have executed this Agreement, to be
effective as of the date last signed by all parties hereto.

/s/ William A. Mobley, Jr.                  1/7/2000
------------------------------------        --------
MegaMedia Networks, Inc.                        Date
By William A. Mobley, Jr., President

/s/ Harry Timmons                           1/7/2000
------------------------------------        --------
NextTraffic, Inc.                               Date
By Harry Timmons, President

                                   Page 5 of 5
<PAGE>

                             ADDENDUM TO AGREEMENT

May 1, 2000

     It is agreed by  NextTraffic  and  MegaMedia  Networks,  Inc. to modify the
agreement  entered  on  January  7,  2000 to  change  the  compensation  paid to
NextTraffic by MegaMedia.  It shall be modified as follows:  On page (2) of (5),
item (6a) it states that MegaMedia shall pay twenty-five  percent to NextTraffic
on all  purchases of MegaMedia  services  made by visitors  that are supplied to
MegaMedia by  NextTraffic  or $0.05 per visitor  whichever  is  greater.  It is
agreed that MegaMedia shall only pay NextTraffic on a performance fee service of
twenty-five percent of all purchases of MegaMedia  subscription sales derived by
visitors  supplied to MegaMedia by  NextTraffic.  MegaMedia  shall no longer pay
$0.05 per visitor as originally agreed.

     IN WITNES WHEREOF,  the undersigned  have agreed to the modification of the
original  agreement entered on January 7, 2000 by MegaMedia  Networks,  Inc. and
NextTraffic, Inc., to be effective as of the last signed by all parties hereto.

/S/ WILLIAM A. MOBLEY, JR                               5/1/00
-------------------------                               -------
MegaMedia Networks, Inc.                                Date
By William A. Mobley, Jr., President

/S/ HARRY TIMMONS                                       May 1, 2000
-----------------                                       -----------
NextTraffic, Inc.                                       Date
By Harry Timmons, PresidentEMPLOYMENT AGREEMENT

     This Employment  Agreement (the  "Agreement"),  dated as of the 16th day of
July, 2000, is entered into between MegaMedia  Networks,  Inc., (the "Company"),
and William A. Mobley, Jr., (the "Executive").

                                     RECITAL

     WHEREAS,  the Company  desires to employ the  Executive  and the  Executive
desires  to be  employed  by the  Company  upon the  terms  and  subject  to the
conditions set forth in this Agreement.

     NOW THEREFORE,  in  consideration of the Recital and of the mutual promises
set forth in this Agreement, the company and the Executive agree as follows:

                                    AGREEMENT

1.   Employment.  The Company  employs  the  Executive  as the Chief  Technology
     Officer  and as CTO he shall  coordinate  all of the  Employer's  technical
     operations,  new product development and implementation of Internet related
     software and hardware,  management of third party vendor support, relations
     and alliances,  and the Employee hereby accepts such  employment,  upon the
     terms and subject to the conditions set forth in this Agreement.

2.   Term.  The term of this  Agreement  shall be six months (6),  commencing on
     July 16, 2000, and ending on January 20, 2001.

3.   Duties. During the term of this Agreement,  subject to the direction of the
     Board  of  Directors  of the  Company,  the  Executive  shall  serve in the
     capacities  set forth in Section 1 hereof.  The Executive  shall devote his
     time and  energies to the business and affairs of the Company and shall use
     his best  efforts,  skills and  abilities  to promote the  interests of the
     Company and to diligently and competently perform his duties.

4.   Compensation and Benefits:

     A.   Executive  Compensation.  Commencing  with  the  start  of  employment
          pursuant to this  Agreement,  Executive shall receive an annual salary
          of $150,000.00 (one hundred, fifty thousand dollars).  Executive shall
          also be entitled to participate in the executive bonus program as that
          Program  may be in  force  and  determined  from  time  to time by the
          Company's Board of Directors and its Compensation Committee.

     B.   Benefits:  During the term of this  Agreement,  the Executive shall be
          entitled to  participate  in or benefit from,  in accordance  with the
          eligibility  and other  provisions  thereof such  medical,  insurance,
          pension,  retirement,  life insurance, profit sharing and other fringe
          benefit  plans or policies as the  company may make  available  to, or
          have in  effect  for,  its other  senior  executives  and  Executive's
          participation  shall  not be less  that  that of any  other  executive
          officer of the Company.  The Company retains the right to terminate or
          alter any such plans or policies from time to time. At this time,  the
          Company pays 30% of the cost of participation of Executive's family in
          the Company medical insurance plan.

     C.   Reimbursement of Business Expenses: During the term of this Agreement,
          upon submission of appropriate supporting documentation, the Executive
          shall  be  reimbursed  by the  Company  for  all  reasonable  business
          expenses actually and necessarily  incurred by the Executive on behalf
          of the Company in connection  with the  performance  of services under
          this Agreement.

     D.   Reimbursement of Other Expenses:  During the ter of this Agreement the
          Executive  shall  receive an auto  allowance  of $500.00 per month and
          shall participate in any other reimbursements (i.e. cellular phone,
<PAGE>

     E.   pager,  etc.) offered to other senior executives at a level that shall
          not be less than that of any other executive officer of the Company.

     F.   Vacation:  During  the  term  of this  Agreement  Executive  shall  be
          eligible  for ten (10)  business  days paid  vacation  during this six
          month  agreement.  Vacation days are not cumulative and will not carry
          over from year to year.

     G.   Sick Leave: Executive will be eligible for five (5) paid sick days per
          year. Paid sick days can be used for any purpose during the employment
          term.  Sick days are not  cumulative and will not carry over from year
          to year.

5.   Representation of Executive:  The Executive represents and warrants that he
     is not a party to, or bound by, any agreement or commitment,  or subject to
     any  restriction,  including  but not  limited  to  agreements  related  to
     previous employment  containing  confidentiality or non-compete  covenants,
     which in the  future  may have a  possibility  of  adversely  affecting  or
     interfering  with the business of the Company,  the full performance by the
     Executive  of his duties  under this  Agreement or the exercise of his best
     efforts hereunder.

6.   Termination:  This  Agreement may be terminated  prior to the expiration of
     the term set forth in Paragraph 2 upon the  occurrence of any of the events
     set forth in, and subject to the terms of this Paragraph 6.

     A.   Death.  This Agreement will terminate  immediately  and  automatically
          upon the death of the Executive.  In the event of  Executive's  death,
          Executive's estate or his designated  beneficiary shall be paid by the
          Company all of the compensation and benefits due to Executive  through
          the date of his death, including without limitation,  the Escrow Stock
          and stock option  benefits to which  Executive  was entitled as of the
          date of his death.

     B.   Disability.  This Agreement may be terminated at the Company's option,
          immediately  upon written  notice to the  Executive,  if the Executive
          shall  suffer  a  permanent  disability.  For  the  purposes  of  this
          Agreement,  the term "permanent disability" shall mean the Executive's
          inability to perform his duties under this  Agreement  for a period of
          90  consecutive  days or for an aggregate of 120 days,  whether or not
          consecutive,  in any six (6) month period, due to illness, accident or
          any other physical or mental condition,  as determined by the Board of
          Directors  of the  Company.  In the event of a  permanent  disability,
          Executive  shall be paid by the  Company all of the  compensation  and
          benefits  due  to  Executive   through  the  date  of  his   permanent
          disability..

     C.   Voluntary termination by Executive. Thi Agreement may be terminated by
          Executive  upon  giving  30  days  written  notice  to  the  Board  of
          Directors.  In the event that Executive  voluntarily  terminates  this
          Agreement, except for "Constructive Discharge" as hereinafter defined,
          he shall be paid by the Company all of the  compensation  and benefits
          due to Executive through the date of termination.

          i.   any  reduction  of  compensation,  or othe  benefits set forth in
               Paragraph 4 hereof;

          ii.  a material  reduction  in  Executive's  job  function,  duties or
               responsibilities,  or a similar change in  Executive's  reporting
               relationships; or

          iii. a required  relocation  of  Executive  mor than 35 miles from the
               Company's offices at 57 West Pine Street, Orlando, Florida 32801;
               or,

          iv.  any breach of any of the material  term of this  Agreement by the
               Company  which is not fully  cured  within 15  (fifteen)  days of
               Company's receipt of written notice thereof from Executive.

     D.   Cause.  This  Agreement may be  terminated  at the  Company's  option,
          immediately   upon  written   notice  to  the   Executive,   upon  (i)
          "Misconduct"  which  includes,  but is not limited to, the  following,
          which shall not
<PAGE>

     E.   be construed in pari  materia  with each other:  (a) Conduct  evincing
          such  willful or wanton  disregard  of an  employer's  interests as is
          found  by  the  Company's  Board  of  Directors  to be  in  deliberate
          violation or disregard of standards of behavior which the employer has
          the  right  to  expect  of  the  Executive;  or  (b)  Carelessness  or
          negligence of such a degree or recurrence as is found by the Company's
          Board of Directors to manifest  culpability,  wrongful intent, or evil
          design,  or to show an  intentional  and  substantial  disregard of an
          employer's  interests or of the Executive's  duties and obligations to
          the employer,  or (ii) fraud, criminal conduct (as evidenced by a plea
          of no contest or guilty or upon  conviction  of the  Executive for any
          felony) or embezzlement by the Executive.  In the event that Executive
          is  terminated  for  cause,  he  shall  be  paid  by the  Company  all
          compensation  and benefits  due through the date of written  notice of
          termination..

     E.   Without  Cause.  This  Agreement  may be  terminated  at the Company's
          option without cause immediately upon notice to the Executive.  In the
          event the Company  elects to terminate  this  Agreement  without cause
          pursuant  to  this  subsection,  or the  Executive  is  Constructively
          Discharged as specified in Paragraph 6C above, the Company shall:

          i.   Pay to  Executive  as wages in lieu of notice the sum of $75,000,
               or an  amount  equal  to half of the  Executive's  latest  annual
               salary  level,  whichever  is  greater,  to be paid in two  equal
               payments,   with  the  first   payment  paid   immediately   upon
               termination  and  subsequent  payments being paid on the 60th day
               after termination, until paid in full.

          ii.  Simultaneous  with delivery of the  Executive's  general  release
               referenced in paragraph 6F, Company shall deliver to Executive or
               Executive's  estate  a  general  release,  in form  substantially
               similar to Executive's  Release,  releasing the Executive  and/or
               his estate from any and all rights, claims,  demands,  judgments,
               obligations,   liabilities   and  damages,   whether  accrued  or
               unaccrued,  asserted or unasserted, and whether known or unknown,
               relating to the Company which ever existed,  then existed, or may
               thereafter  exist, by reason of the termination of this Agreement
               without cause..

     F.   Upon the termination of Executive's  employment by the Company without
          cause, simultaneously with the receipt of the first installment of the
          wages in lieu of notice,  and as a condition  to the receipt  thereof,
          the  Executive or his estate,  shall  deliver to the Company a general
          release form acceptable to the Company  releasing the Company from any
          and all rights, claims, demands, judgments,  obligations,  liabilities
          and damages, whether accrued or unaccrued, asserted or unasserted, and
          whether known or unknown,  relating to the Company which ever existed,
          then existed,  or may  thereafter  exist,  by reason of termination of
          this Agreement  without cause,  except payment of $75,000 or an amount
          equal to half of the Executive's latest annual salary level, whichever
          is  greater..

     G.   Effect of  Termination.  In the event of any  termination  under  this
          Paragraph 6, the Company shall have no further  obligation  under this
          Agreement  to make any  payment  to, or bestow  any  benefits  on, the
          Executive  from and  after  the  date of the  termination  other  than
          payments or  benefits  accrued  and due and  payable to  Executive  as
          provided herein.

7.   Indebtedness.  If, during the course of the  Executive's  employment  under
     this Employment Agreement,  the Executive becomes indebted to MegaMedia for
     any  reason,  MegaMedia  may,  if it so  elects,  set  off  any  sum due to
     MegaMedia  from the  Executive and collect form the Executive any remaining
     balance.

8.   Training Expenses. MegaMedia shall pay for all reasonable training expenses
     incurred  by the  Executive  while he is  employed  under  this  Employment
     Agreement.

9.   Consent to  Personal  Jurisdiction  and Venue;  waiver of Jury  Trial.  The
     Executive and Company  hereby consent to personal  jurisdiction  and venue,
     for  any  action  brought  by  either  party  arising  out of a  breach  or
     threatened breach of this Employment  Agreement,  exclusively in the United
     States District Court for the Middle

<PAGE>

     District of Florida,  Orlando Division,  or in the Circuit Court in and for
     Orange  County,  Florida;  the Executive and Company  hereby agree that any
     action  brought  by either  party,  alone or in  combination  with  others,
     against  the  other  party,  whether  arising  out  of  this  Agreement  or
     otherwise, shall be brought exclusively in the United States District Court
     for the Middle  District of Florida,  Orlando  Division,  or in the Circuit
     Court in and for Orange County,  Florida.  The Executive and Company hereby
     agree  that any  controversy  which may arise  under this  Agreement  would
     involve complicated and difficult factual and legal issues. Therefore, if a
     court of law  determines  for any  reason  that the  arbitration  clause of
     Paragraph 10 of the Agreement is unenforceable,  then any action brought by
     MegaMedia  against the  Executive,  alone or in  combination  with  others,
     against  MegaMedia,  whether  arising out of this  Agreement or  otherwise,
     shall be determined by a Judge sitting without a jury.

10.  Arbitration.  All controversies,  claims, disputes, and matters in question
     arising out of, or related to, this  Employment  Agreement or the breach of
     this Agreement, or the relations between the signatories to this Agreement,
     shall  be  decided  by  arbitration  in  accordance   with  the  commercial
     Arbitration Rules of the American Arbitration Association.  The signatories
     agree  that the  arbitration  shall  take  place  exclusively  in  Orlando,
     Florida,  and  shall be  governed  by the  substantive  law of the state of
     Florida.  Any award  rendered by the arbitrator  shall be final,  and final
     judgment may be entered upon it in accordance  with  applicable  law in any
     court having  jurisdiction  thereof,  including a federal  district  court,
     pursuant to the Federal  Arbitration  Act. The arbitrator may grant a party
     injunctive relief,  including  mandatory  injunctive relief, to protect the
     rights of such  party,  but the  arbitrator  shall not be  limited  to such
     relief. This arbitration  provision shall not preclude a party from seeking
     temporary or preliminary injunctive relief in a court of law to protect its
     rights,  nor shall the  filing of such an action  constitute  any waiver by
     either party of its right to arbitrate.  In connection with the arbitration
     of any dispute between the  signatories to this  Agreement,  each signatory
     may utilize all methods of discovery  authorized by the Federal and Florida
     Rules of Civil Procedure.

11.  Acknowledgements.  The  Executive  hereby  acknowledges  tha  he  has  been
     provided  with a copy of this  Employment  Agreement  for  review  prior to
     signing it, that he has been given the  opportunity  to have this Agreement
     reviewed by his own attorney prior to signing it, that he  understands  the
     purposes and effects of this Agreement, and that he has been given a signed
     copy of this Agreement for his own records.  The parties hereto acknowledge
     that  this  Agreement  and  all  matters  contemplated  herein,  have  been
     negotiated  between both of the parties hereto and their  respective  legal
     counsel  and that  both  parties  have  participated  in the  drafting  and
     preparation of this Agreement from the  commencement  of negotiation at all
     times through the executive hereof.

12.  Waiver. The waiver by either party of a breach or threatened breach of this
     employment  Agreement by the other party shall not be construed as a waiver
     of any  subsequent  breach.  The refusal or failure of MegaMedia to enforce
     this  Agreement  (or any similar  Agreement)  against any other  executive,
     agent,  or  independent  contractor,  for any reason shall not constitute a
     defense to the  enforcement  by MegaMedia of this  Agreement,  nor shall it
     give  rise to any claim or cause of action  by such  executive,  agent,  or
     independent contractor or consulting against MegaMedia.

13.  Indemnification.  The  Company  shall  indemnify  Executive  to the fullest
     extent permitted by applicable law against damages and expenses  (including
     fees and disbursements of counsel) in connection with his status or arising
     out of the  ordinary  and  proper  conduct  of his  duties as an  employee,
     officer and director of the Company.

14.  Miscellaneous.

     A.   Entire  Agreement.  This Employment  constitutes the entire  agreement
          between  its  signatories  pertaining  to the  subject  matters of the
          Agreement, and it supersedes all negotiations, preliminary agreements,
          and all prior and  contemporaneous  discussions and  understandings of
          the  signatories  in  connection  with  the  subject  matters  of  the
          Agreement.   Except  as  otherwise  herein   provided,   no  covenant,
          representation, or condition not expressed in this Agreement, or in an
          amendment  made and  executed in  accordance  with the  provisions  of
          subparagraph  (b)  of  this  paragraph,  shall  be  binding  upon  the
          signatories or shall affect or be effective to interpret,  change,  or
          restrict the provisions of this Agreement.

<PAGE>

     B.   Amendments.  No change,  modification,  or  termination  of any of the
          terms, provisions,  or conditions of this Agreement shall be effective
          unless made in writing and signed or initialed by all  signatories  to
          this Agreement.

     C.   Governing  Law.  This  Agreement  shall be governe  and  construed  in
          accordance  with the  statutory  and  decisional  law of the  State of
          Florida  governing  contracts  to be  performed  in their  entirety in
          Florida.

     D.   Separability.  If any  paragraph,  subparagraph,  or provision of this
          Agreement,  or the  application  of such  paragraph,  subparagraph  or
          provision, is held invalid by a court of competent  jurisdiction,  the
          remainder of the Agreement,  and the  application  of such  paragraph,
          subparagraph,  or  provision  to persons or  circumstances  other than
          those with respect to which is held invalid, shall not be affected.

     E.   Headings  and  Captions.  The titles and  captions of  paragraphs  and
          subparagraphs contained in this Agreement are provided for convenience
          of  reference  only,  and they shall not be  considered a part of this
          Agreement for purposes of  interpreting  or applying  this  Agreement;
          such titles or captions  are not  intended to define,  limit,  extend,
          explain or describe  the scope or extent of this  Agreement  or any of
          its terms, provisions,  representations,  warranties, or conditions in
          any manner or way whatsoever.

     F.   Attorney's  Fees.  In the event it shall be necessary for any party to
          seek  arbitration or court  intervention in order to enforce or defend
          its rights  hereunder,  the prevailing  party in any such action shall
          recover  from the  non-prevailing  party or  parties,  all  reasonable
          attorneys' and paralegal fees in the trail and appellate courts and in
          all  arbitration,  including  expert  witness fees,  deposition  costs
          (appearance  fees and transcript  charges),  injunction bond premiums,
          travel and lodging  expenses,  arbitration  fees and charges,  and all
          other reasonable costs and expenses.

     G.   Continuance of Agreement. The rights, responsibilities,  and duties of
          the  signatories to this  Agreement,  and the covenants and agreements
          contained in this Agreement,  shall continue to bind the  signatories,
          shall  continue  in  full  force  and  effect  until  each  and  every
          obligation  of the  signatories  pursuant to this  Agreement  (and any
          document or agreement  incorporated  hereby by  reference)  shall have
          been fully  performed,  and shall be binding upon the  successors  and
          assigns of the signatories.

     H.   Successors  and Assigns.  Neither party shall have the right to assign
          this  personal  Agreement,  or  assign  any  rights  or  delegate  any
          obligations  hereunder,  without  the  consent  of  the  other  party;
          provided,  however,  that upon the sale of all or substantially all of
          the assets,  business and goodwill of the Company to another  company,
          this  Agreement  shall inure to the  benefit of; and be binding  upon,
          both Executive and the company  purchasing  such assets,  business and
          goodwill,  or surviving such merger or consolidation,  as the case may
          be, in the same  manner  and to the same  extent as though  such other
          company were the Company, subject to the Executive's rights hereunder.
          Subject to the foregoing,  this Agreement  shall inure to the benefits
          of;  and  be  binding  upon,   the  parties  hereto  and  their  legal
          representatives, heirs, successors and assigns.

     I.   Additional Acts. The Executive and the Company each agrees to execute,
          acknowledge   and  deliver  and  file,   or  cause  to  be   executed,
          acknowledged and delivered and filed, any and all further instruments,
          agreements  or  documents as may be necessary or expedient in order to
          consummate the transactions  provided for in this Agreement and do any
          and all further  acts and things as may be  necessary  or expedient in
          order to carry out the purposes and intent of this Agreement.

     J.   Notices. Any notice or other communication under this Agreement, other
          than as  provided  above,  shall be  delivered  personally  or sent by
          certified mail, return receipt requested,  postage prepaid, or sent by
          facsimile or prepaid overnight courier to the parties at the addresses
          set forth below (or at such other  addresses  as shall be specified by
          the parties by like notice). Such notices,  demands,  claims and other
          communications  shall be deemed given when actually received or (a) in
          the case of delivery by overnight

<PAGE>

          service with  guaranteed  next day  delivery,  the next day or the day
          designated for delivery,  (b) in the case of facsimile,  the date upon
          which the  transmitting  party  received  confirmation  of  receipt by
          facsimile, telephone or otherwise.

                  To the Company:                     To the Executive:
                           MegaMedia Networks, Inc.       William A. Mobley
                           57 West Pine Street            829 Hickory Hill Court
                           Orlando, Florida  32801        Orlando, FL  32828
                           Attn: Human Resources
                           Fax: 407-245-2943

     K.   Counterparts.  This Agreement may be executed i counterparts,  each of
          which shall be deemed an  original  and all of which,  together,  will
          constitute  one and the same  agreement.  Any  facsimile  version of a
          manually  executed  signature page delivered by one party to the other
          shall be deemed manually executed and delivered original.

                                              /S/ WILLIAM A. MOBLEY, JR.
                                              Executive - William A. Mobley, Jr

                                              /S/ DAVID A. GUST
                                              MegaMedia Networks, Inc.
                                              By:  David A. Gust President

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