Document:

ESCROW AGREEMENT

         THIS ESCROW AGREEMENT (the "Escrow  Agreement") is dated as of December
29, 1999, by and among certain  stockholders  of MegaMedia  Networks,  Inc. (the
"Company"),  listed  on  Exhibit  A  (the  "Stockholders")  and  Christopher  P.
Flannery, an attorney who practices law in the Commonwealth of Pennsylvania,  as
Escrow Agent (the "Escrow Agent").

         WHEREAS, the Stockholders wish to assist the Company in securing a top
management team; and

         WHEREAS,  the  Stockholders  have agreed to transfer  certain shares of
common  stock of the Company (the  "Shares")  to the Escrow Agent to  facilitate
this  matter  utilizing  an  escrow  arrangement  as  described  in this  Escrow
Agreement; and

         WHEREAS, the Escrow Agent is willing to act hereunder on the terms and
conditions set forth herein;

         NOW,   THEREFORE,   in   consideration  of  the  mutual  covenants  and
obligations  set forth below,  and  intending to be legally  bound,  the parties
hereto hereby agree as follows:

         1. ESCROW ACCOUNT.

             1.1 Deposit. On or about December 30, 1999 or as soon thereafter as
practicable,  the Stockholders will deliver the Shares to the Escrow Agent along
with blank stock powers with Medallion  guaranteed  signatures (the "Escrow") to
be held by the Escrow Agent in a separate account (the "Escrow Account") subject
to the terms and  provisions  of this  Escrow  Agreement.  Once the  Shares  are
deposited in the Escrow Account,  they are commingled and no longer the property
of the Stockholders.

         2. DISBURSEMENT OF ESCROW.

             2.1 Disbursement.  The Stockholders agree that all of the Shares in
the Escrow Account will be used to support options or stock grants for employees
of the Company (the "Eligible Employees"). Exhibit B lists the names of Eligible
Employees,  the terms of the options, vesting schedules and the exercise prices.
The  Escrow  Agent  will  write  and  deliver  option  agreements  (the  "Option
Agreements") to the Eligible  Employees at the time they become employees of the
Company,  with copies to the Stockholders.  The Eligible  Employees shall pay an
option  purchase  price  of  $0.01  per  Share  at the  issuance  of the  Option
Agreement,  with the exercise price and vesting schedule as described in Exhibit
B.

             2.2 Option Exercise. An Eligible Employee may exercise the Option
Agreement in accordance with the terms of the Option Agreement vesting schedule
and other exercise terms. An Eligible Employee.

             2.3 Delivery of Shares. Once an Eligible Employee properly

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exercises an Option Agreement and pays the exercise price, the Escrow Agent will
take the steps  necessary to transfer the Shares  subject to the exercise to the
Eligible  Employee.  All certificates for Shares will bear a restrictive  legend
and Eligible Employees may be subject to additional restrictions on transfer.

             2.4 Controversies. If any controversy arises between two or more of
the  parties,  or between any of the  parties and any person not a party,  as to
whether  or not or to whom the  Escrow  Agent  shall  deliver  the Escrow or any
portion  thereof or as to any other  matter  arising  out of or relating to this
Escrow  Agreement,  the Escrow Agent shall not be required to determine the same
and need not make any delivery of the Escrow  concerned  or any portion  thereof
but may retain the same until the  rights of the  parties to the  dispute  shall
have been finally  determined  by  agreement or by final  judgment of a court of
competent  jurisdiction  after all appeals have been finally  determined (or the
time for further  appeals has expired  without an appeal having been made).  The
Escrow Agent shall deliver that portion of the Escrow concerned  covered by such
agreement or final order within five (5) days after the Escrow Agent  receives a
copy thereof.  The Escrow Agent shall assume that no such controversy has arisen
unless and until it receives written notice from the Stockholders or the Company
that such  controversy has arisen,  which refers  specifically to this Agreement
and identifies the adverse claimants to the controversy.

             2.5 No Other Disbursements. No portion of the Escrow shall be
disbursed or otherwise transferred except in accordance with this Escrow
Agreement.

             3. ESCROW AGENT.  The  acceptance by the Escrow Agent of his duties
hereunder is subject to the following terms and conditions, which the parties to
this Agreement hereby agree shall govern and control with respect to the rights,
duties, liabilities and immunities of the Escrow Agent:

             3.1 The  Escrow  Agent  shall not be  responsible  or liable in any
manner whatever for the sufficiency, correctness, genuineness or validity of any
property deposited with or held by him.

             3.2 The Escrow  Agent shall be protected in acting upon any written
notice, certificate, instruction, request or other paper or document believed by
him to be genuine and to have been signed or  presented  by the proper  party or
parties.

             3.3 The Escrow Agent shall not be liable for any act done hereunder
except in the case of its willful misconduct or bad faith.

                                        2

             3.4 The  Escrow  Agent  shall  not be  obligated  or  permitted  to
investigate the correctness or accuracy of any document or to determine  whether
or not the  signatures  contained  in said  documents  are genuine or to require
documentation or evidence substantiating any such document or signature.

             3.5 The Escrow  Agent shall have no duties as Escrow  Agent  except
those which are expressly set forth herein, and in any modification or amendment
hereof;  provided,  however, that no such modification or amendment hereof shall
affect its duties unless it shall have given its written  consent  thereto.  The
Escrow  Agent  shall not be  prohibited  from  owning an equity  interest in the
Company  or any  third  party  that is in any way  affiliated  with or  conducts
business with the Company.

             3.6 The Company and the  Stockholders  acknowledge  that the Escrow
Agent is a  practicing  attorney,  and may have  worked  with the  Company,  the
Stockholders,  or affiliates of them on other unrelated  transactions,  and that
they and each of them has specifically requested that the Escrow Agent draft the
documents for this  transaction and act as Escrow Agent.  Each party  represents
that it has retained legal and other counsel of its choosing with respect to the
transactions contemplated herein and is satisfied in its sole discretion with

<PAGE>

the form and  content of the  documentation  drafted by the  Escrow  Agent.  The
parties  hereby  waive any  objection  to the Escrow  Agent so acting based upon
conflict of interest or lack of  impartiality.  The Escrow  Agent  agrees to act
impartially  and in  accordance  with the terms of this  Agreement  and with the
parties' respective  instructions,  so long as they are not in conflict with the
terms of this Escrow Agreement.

             4.  TERMINATION.  This Agreement  shall terminate on the earlier of
(a) the date on which the Escrow  Account  shall have been  fully  disbursed  in
accordance  with the terms and conditions of this Escrow  Agreement,  or (b) the
next business day after the expiration of the last of the Option Agreements. Any
Shares  remaining in the Escrow Account after  termination of the Escrow will be
returned to the Company's  Transfer  Agent and cancelled as of record and become
authorized but unissued Shares.

             5. MISCELLANEOUS.

             5.1 Indemnification of Escrow Agent.

             (a) The  Company  and the  Stockholders  each  agree,  jointly  and
severally,  to indemnify the Escrow Agent for, and to hold him harmless against,
any loss incurred without willful  misconduct or bad faith on the Escrow Agent's
part, arising out of or in connection with the administration of this Agreement,
including  the costs and  expenses  of  defending  himself  against any claim or
liability in connection with the exercise or performance of any of its powers or
duties hereunder.  This indemnification  shall not apply to a party with respect
to a direct claim against the Escrow Agent by such party  alleging in good faith
a breach of this Escrow Agreement by the Escrow Agent,  which claim results in a
final  non-appealable  judgment  against the Escrow  Agent with  respect to such
claim.

                                        3

             (b) In the event of any  dispute  as to the nature of the rights or
obligations of the Buyer, the Company or the Escrow Agent hereunder,  the Escrow
Agent may at any time or from time to time interplead, deposit and/or pay all or
any  part of the  Escrow  Funds  with or to a court  of  competent  jurisdiction
sitting in  Philadelphia,  Pennsylvania or in any appropriate  federal court, in
accordance with the procedural rules thereof. The Escrow Agent shall give notice
of such action to the Company and the Buyer. Upon such interpleader,  deposit or
payment,  the Escrow Agent shall  immediately and  automatically be relieved and
discharged  from  all  further  obligations  and   responsibilities   hereunder,
including the decision to interplead, deposit or pay such funds.

             5.2  Amendments.  This Escrow  Agreement may be modified or amended
only by a written instrument executed by each of the parties hereto.

             5.3  Notices.  All  communications  required to be given under this
Agreement  to any party shall be sent by first class mail or  facsimile  to such
party at the address listed below.

             5.4 Successors and Assigns.  This Escrow  Agreement  shall bind and
inure to the benefit of the parties hereto and their  respective  successors and
assigns;  provided,  however,  that the Escrow Agent shall not assign its duties
under this Escrow Agreement.

             5.5 Governing Law. This Escrow Agreement shall be governed by and
construed and interpreted in accordance with the laws of the Commonwealth of
Pennsylvania.

             5.6 This Escrow Agreement may be executed in two or more
counterparts, each of which shall be an original, and all of which together
shall constitute one and the same,. agreement.

             IN WITNESS WHEREOF, the parties hereto have executed this Agreement

<PAGE>

as of the day and year first above written.

Internet Online Services

By:  /s/ William Barber                     /s/ Mark R. Dolan
   ------------------------------           -----------------------------
Its:    President

Capital Access Management Group

By:  /s/ Harry Timmons                      /s/ David Marshlack

  -------------------------------           -----------------------------
Its:    President

                                            /s/ William A. Mobley, Jr.
                                            -----------------------------
ESCROW AGENT:

/s/Christopher P. Flannery, Esq.
---------------------------------
   Christopher P. Flannery, Esq.

                                        4

                                    EXHIBIT A

                              List of Stockholders

                            Internet Online Services

                         Capital Access Management Group

                             William A. Mobley, Jr.
                                  Mark R. Dolan

                                 David Marshlack

                                        5PURCHASE AND SALE OF ASSETS AGREEMENT

                                     BETWEEN

                              CITY-GUIDE ISP, INC.

                                 DAVID MARSHLACK

                                  DAN MARSHLACK

                                 BRUCE C. HAMMIL
                                   MARK DOLAN

                                       AND

                               TITAN HOSTING, INC.

                            MEGAMEDIA NETWORKS, INC.

                                                                  APRIL 14, 2000

                                TABLE OF CONTENTS

                                                                            PAGE

ARTICLE 1.          SALE OF ASSETS..........................................   1
     Section 1.1.     Assets................................................   1
     Section 1.2.     Sublease..............................................   2
     Section 1.3.     Non-Assignment of Certain Contracts...................   2
     Section 1.4.     Permitted Liens.......................................   2

ARTICLE 2.          PURCHASE PRICE..........................................   2
     Section 2.1.     Consideration.........................................   2

ARTICLE 3.          NON-ASSUMPTION OF LIABILITIES; INDEMNIFICATION..........   3
     Section 3.1.     Non-Assumption of Liabilities.........................   3
     Section 3.2.     Assumption of Certain Obligations.....................   3
     Section 3.3.     Indemnification by Seller and Stockholders............   4
     Section 3.4.     Indemnification by Buyer..............................   5
     Section 3.5.     Procedure for Indemnification of Third Party Claims...   5

ARTICLE 4.          CLOSING.................................................   6
     Section 4.1.     Time and Place of Closing.............................   6
     Section 4.2.     Deliveries by Seller and Stockholders.................   6
     Section 4.3.     Deliveries by Buyer...................................   7

ARTICLE 5.          REPRESENTATIONS AND WARRANTIES OF SELLERS AND
                    STOCKHOLDER.............................................   7
     Section 5.1.     Representations and Warranties........................   7
     Section 5.2.     Survival..............................................  10

ARTICLE 6.          REPRESENTATIONS AND WARRANTIES OF BUYER.................  10
     Section 6.1.     Representations and Warranties........................  10
     Section 6.2.     Representations Related to the MegaMedia Stock........  10
     Section 6.3.     Governmental Authorization............................  10
     Section 6.4.     Survival..............................................  10

<PAGE>

ARTICLE 7.           CERTAIN POST-CLOSING COVENANTS OF SELLER AND BUYER.....  11
     Section 7.1.     Payment of Taxes; Filing of Returns...................  11
     Section 7.2.     Provision of Bandwidth to Seller......................  11

ARTICLE 8.          CONDITIONS PRECEDENT TO CLOSING.........................  11
     Section 8.1.     Conditions Precedent to Buyer's Performance...........  11
     Section 8.2.     Conditions Precedent to the Seller's and the
                      Shareholders' Performance.............................  12

ARTICLE 9.           GENERAL................................................  13
     Section 9.1.     Further Assurance.....................................  13
     Section 9.2.     Notices...............................................  13
     Section 9.3.     Entire Agreement......................................  14
     Section 9.4.     Broker's Commission...................................  14

                                        i

     Section 9.5.     Modification; Remedies Cumulative.....................  14
     Section 9.6.     Severability..........................................  14
     Section 9.7.     Availability of Records...............................  14
     Section 9.8.     Construction..........................................  14
     Section 9.9.     Attorney's Fees.......................................  15
     Section 9.10.    Waiver................................................  15
     Section 9.11.    Counterparts..........................................  15
     Section 9.12.    Time is of the Essence................................  15
     Section 9.13.    Governing Law.........................................  15

                                       ii

                      PURCHASE AND SALE OF ASSETS AGREEMENT

         THIS PURCHASE AND SALE OF ASSETS AGREEMENT (the "Agreement") is
executed and effective as of the 14th day of April, 2000, between MegaMedia
Networks, Inc., a Delaware corporation ("MegaMedia"), Titan Hosting, Inc., a
Delaware corporation ("Titan" or "Buyer") and City-Guide ISP, Inc., a Florida
corporation ("City-Guide" or "Seller"), and David Marshlack, Dan Marshlack,
Bruce C. Hammil and Mark Dolan (each a "Shareholder" and collectively the
"Shareholders").

                                P R E M I S E S:

         Seller  currently  owns  and  operates  an  internet  service  provider
business  at  412  East  Madison  Street,   Suite  1207,  Tampa,  Florida  33602
(collectively,  the  "Business").  Seller  desires  to sell to Buyer,  and Buyer
desires to acquire from Seller,  certain of Seller's  assets  pertaining  to the
Business and the assumption of specified liabilities related to the assets being
acquired,  in  accordance  with  and  subject  to the  terms  set  forth in this
Agreement.

         Shareholders own 100% of the outstanding  capital stock of Seller,  and
join in this  Agreement for the purposes of making certain  representations  and
warranties  to, and entering into certain  covenants  with,  Buyer in connection
with the transactions set forth herein.

         In  consideration of the mutual promises and covenants herein contained
and other good and valuable consideration,  received to the full satisfaction of
each of them, the parties hereby agree as follows:

                               A G R E E M E N T:

                                   ARTICLE 1.

                                 SALE OF ASSETS

         SECTION 1.1. ASSETS. Subject to and upon the terms and conditions set

<PAGE>

forth in this Agreement,  at the Closing (as hereinafter  defined),  Seller will
sell,  transfer,  convey,  assign and  deliver to the Buyer,  and the Buyer will
purchase  or acquire  from the Seller  free and clear of all Liens  (other  than
Permitted Liens (as hereinafter defined)),  all of the right, title and interest
of  Seller  in and to the  following  properties,  assets  and  rights of Seller
(collectively referred to as the "Assets"):

                  (a) the property set forth on SCHEDULE 1.1(A) hereto; and

                  (b) the dial-up contracts set forth on SCHEDULE 1.1(B) hereto
         (the "Customer Contracts").

         All of the  Assets  shall be  delivered  free and  clear of any  liens,
claims,  pledges,  security  interests,  mortgages or  encumbrances  of any kind
("Liens")  other than the Permitted Liens (as  hereinafter  defined).  The sale,
conveyance, assignment, transfer and delivery of the Assets shall be effected by
bills  of  sale,  endorsements,   assignments,  or  other  instruments  in  such
reasonable

or customary  form as shall be requested by Buyer and its counsel.  Seller shall
at any time from and after the  Closing  Date,  upon the  reasonable  request of
Buyer and at Seller's expense, execute,  acknowledge and deliver such additional
conveyances,  assignments,  transfers or other instruments, as may be reasonably
required to assign, transfer or convey the Assets to Buyer, or vest ownership of
such Assets in Buyer, as contemplated by this Agreement.

         SECTION 1.2.  SUBLEASE.  In addition to the  acquisition of the Assets,
Seller shall sublease to Buyer the premises  located  commonly known as 412 East
Madison Street, Suite 1207, Tampa,  Florida 33602, and comprising  approximately
3,586 square feet (the "Premises"),  and shall deliver to Buyer prior to Closing
(i) a sublease in form and substance  satisfactory  to Buyer and MegaMedia  (the
"Sublease")  and (ii) the consent of lessor under the Master  Lease  (defined in
Section 5.1(d) hereof) to Seller's subletting of the Premises.

         SECTION  1.3.  NON-ASSIGNMENT  OF  CERTAIN  CONTRACTS.  Notwithstanding
anything to the contrary in this  Agreement,  to the extent that the Sublease or
the  assignment  hereunder of any Customer  Contracts or furniture and equipment
leases  pertaining  to the Assets and  referenced on SCHEDULE 3.2 hereto (each a
"Contract" and collectively  the  "Contracts")  shall require the consent of any
third  party,  neither  this  Agreement  nor any action  taken  pursuant  to its
provisions  shall  constitute  an  assignment  or an agreement to assign if such
assignment or attempted  assignment  would constitute a breach thereof or result
in the termination,  loss or diminution thereof; PROVIDED, HOWEVER, that in each
such case,  Seller shall use its commercially  reasonable  efforts to obtain the
consent of such other  party to such  assignment  to Buyer.  Attached  hereto as
SCHEDULE  1.3  hereto  is a list of all  Contracts  requiring  consent  to their
assignment.

         SECTION 1.4. PERMITTED LIENS. "Permitted Liens" for purposes of this
Agreement means the liens set forth on SCHEDULE 1.4 hereto, which represent the
only Liens on the Assets.

                                   ARTICLE 2.

                                 PURCHASE PRICE

         SECTION 2.1. CONSIDERATION.

         (a) In consideration of the sale, conveyance,  transfer and delivery of
the Assets and entering into the Sublease, Buyer shall, on the Closing Date:

                  (i) deliver to Seller a certified check for immediately
         available funds in the amount of $1,000,000 (the "Cash Payment"); and

                  (ii) deliver to Seller a convertible promissory note in the
         principal amount of $720,000, bearing interest at the lowest interest

<PAGE>

         rate per annum  imputed by the Internal  Revenue  Service for a note of
         this nature,  payable at $30,000 per month, including interest, and the
         outstanding principal balance of which shall be convertible at any time
         at the discretion of Seller into shares of common stock of MegaMedia at
         a conversion rate of $3.00 per share (the "Note"); and

                                        2

                  (iii)  deliver  to Seller  200,000  shares of common  stock of
         MegaMedia (the "MegaMedia Stock").

The Cash Payment,  the Note, the MegaMedia  Stock and Buyer's  assumption of the
Assumed Liabilities,  constitutes the entire  consideration  payable by Buyer in
connection with its acquisition of the Assets (the "Purchase Price").

                                   ARTICLE 3.
                 NON-ASSUMPTION OF LIABILITIES; INDEMNIFICATION

         SECTION 3.1.  NON-ASSUMPTION  OF LIABILITIES.  Except as explicitly set
forth in Section 3.2 below, Buyer shall not, by the execution and performance of
this  Agreement  or  otherwise,  assume,  become  responsible  for or incur  any
liability or  obligation  of any nature of Seller,  whether  legal or equitable,
matured or contingent,  known or unknown,  foreseen or  unforeseen,  ordinary or
extraordinary, patent or latent, whether arising out of occurrences prior to, at
or after the date of this  Agreement  including,  any  liability  or  obligation
arising out of or relating to:

                  (a) an occurrence or  circumstance  (whether known or unknown)
         which  occurs or exists on or prior to the date of this  Agreement  and
         which  constitutes,  or which by the lapse of time or giving notice (or
         both) would constitute,  a breach or default under any lease, contract,
         or other instrument or agreement (whether written or oral);

                  (b) a  violation  of  the  requirements  of  any  governmental
         authority  or of the  rights of any third  person,  including,  without
         limitation,  any requirements  relating to the reporting and payment of
         federal, state, local or other income, sales, use, franchise, excise or
         property tax liabilities of Seller;

                  (c) any indebtedness,  accounts payable or other  obligations,
         including without limitation  obligations in respect of federal,  state
         or local taxes, of Seller; or

                  (d) any other liability  arising out of or attributable to the
         operation of the Business by Seller (including, without limitation, any
         obligations  in respect of taxes and accounts  payable),  except to the
         extent expressly assumed by Buyer pursuant to Section 3.2 hereof.

         Seller agrees to indemnify  Buyer,  and its  respective  successors and
assigns from and against all the above  non-assumed  liabilities and obligations
in accordance with Section 3.3.

         SECTION  3.2.  ASSUMPTION  OF  CERTAIN  OBLIGATIONS.  Pursuant  to this
Agreement,  and as part of the  consideration  paid by  Buyer  hereunder,  Buyer
assumes and  undertakes to discharge and perform the  obligations  of Seller (a)
only as set forth on SCHEDULE 3.2 hereto;  and PROVIDED that Buyer shall have no
liability  in  connection  any such  obligation  in any  amount in excess of the
amount of such obligation shown on SCHEDULE 3.2 hereto;  and (b) pursuant to the
express terms of those Customer Contracts set forth on SCHEDULE 1.1(B) hereto.

                                        3

         SECTION 3.3. INDEMNIFICATION BY SELLER AND SHAREHOLDERS.
Notwithstanding any investigation at any time made by or on behalf of Buyer or
MegaMedia, Seller and each Shareholder agrees to defend, indemnify and hold

<PAGE>

harmless, MegaMedia, Buyer, their respective officers, shareholders,  directors,
divisions,  subdivisions,  affiliates, parent, employees, agents, successors and
assigns from and against all losses, claims, actions, causes of action, damages,
liabilities,  expenses  and  other  costs  of  any  kind  or  amount  whatsoever
(including,  without limitation,  reasonable attorneys' fees), whether equitable
or legal,  matured or  contingent,  known or unknown,  foreseen  or  unforeseen,
ordinary or  extraordinary,  patent or latent,  which  result,  either before or
after  the date of this  Agreement  (any and all of the  foregoing  collectively
referred to herein as "Losses"), from or in connection with any:

                  (a) inaccuracy in or breach of any representation or warranty
         made by Seller in this Agreement;

                  (b) failure of Seller or any  Shareholder  to duly perform and
         observe any term,  provision,  covenant,  agreement or condition  under
         this Agreement;

                  (c) material misrepresentation in or omission from any
         Schedule to this Agreement;

                  (d) failure of Seller to use commercially  reasonable  efforts
         to obtain any required consent to a Contract  requiring such consent as
         listed  in  SCHEDULE  1.2  hereto   (including,   without   limitation,
         reimbursement to Buyer of the value of such nonassigned Contract);

                  (e) liability of Seller resulting from one or more pending or
         threatened lawsuits whether or not listed on SCHEDULE 5.1(E) hereto;

                  (f)  liability  of Seller  to  creditors  of  Seller  which is
         imposed  on Buyer  whether  as a result of  bankruptcy  proceedings  or
         otherwise  and  whether as an account  payable by Seller,  (other  than
         those  included  in the Assumed  Liabilities)  or as a claim of alleged
         preferential   payments   within  the  meaning  of  the  United  States
         Bankruptcy Code or otherwise;

                  (g) liability of Seller or any or all Shareholders,  including
         liabilities for taxes,  of any type other than the Assumed  Liabilities
         whether or not disclosed herein;

                  (h) any of the matters set forth in Section 3.1(a) - (d)
         hereof.

Buyer  shall be  deemed  to have  suffered  such Loss or to have paid or to have
become  obligated to pay any sum or amount with respect to the matters  referred
to in subparagraphs (a) - (h) of this Section 3.3 if the same shall be suffered,
paid or incurred by Buyer or any parent, subsidiary,  affiliate, or successor of
Buyer.  The amount of the Loss deemed to be suffered,  paid or incurred by Buyer
shall be an amount equal to the Loss, suffered, paid or incurred by such parent,
subsidiary,  affiliate, or successor.  The foregoing indemnity shall fully apply
to any  claim  or  action  that  seeks or  results  in any  injunction  or other
direction or restriction on the free and

                                        4

unfettered  use of the Assets by Buyer,  and Seller and the  Shareholders  shall
jointly  and  severally  indemnify  and hold  harmless  Buyer  from all  Losses,
directly or indirectly  related to, or caused by,  Buyer's  compliance  with any
such  injunction,  direction or  restriction.  In the event  Buyer,  in its sole
discretion,  elects to seek  recovery  from an insurance  company or other third
party with  respect to any claim for  indemnification  hereunder,  to the extent
Buyer  actually  receives  payment  with  respect  to such claim from such third
party,  the amount of the Loss shall be reduced by the amount of such  insurance
payment received,  net of any increase in premiums for such insurance related to
such claim that are payable within two years of the date such claim is made.

<PAGE>

         SECTION  3.4.   INDEMNIFICATION  BY  BUYER.  Buyer  agrees  to  defend,
indemnify and hold harmless Seller,  Shareholders,  their  respective  officers,
directors, divisions, affiliates, employees, agents, successors and assigns from
and against all Losses from or in connection with any:

                  (a) inaccuracy in, or material breach of, any representation
         or warranty made by Buyer in this Agreement;

                  (b)  failure of Buyer in any  material  respect to perform and
         observe any term,  provision,  covenant,  agreement or condition  under
         this Agreement; and

                  (c) failure of Buyer to perform or pay any Assumed Liability.

        In the event such  Seller or any  Shareholder  elects to seek  recovery
from an  insurance  company  or other  third  party  with  respect  to claim for
indemnification  under this Section 3.4, to the extent Seller or any Shareholder
actually  receives payment with respect to such claim from such third party, the
amount of any Loss  shall be reduced  by the  amount of such  insurance  payment
received,  net of any  increase in premiums for such  insurance  related to such
claim that are payable within two years of the date such claim is made.

         SECTION 3.5. PROCEDURE FOR INDEMNIFICATION OF THIRD PARTY CLAIMS. After
a party hereto  (hereinafter the "Indemnified  Party") has received notice of or
has  knowledge  of any claim by a person not a party to this  Agreement  ("Third
Person") or the commencement of any action or proceeding by a Third Person,  the
Indemnified  Party shall, in connection with making a claim with respect thereto
against  any  party  obligated  to  provide  indemnification  pursuant  to  this
Agreement  (hereinafter the "Indemnifying  Party"),  give the Indemnifying Party
written  notice of such claim or the  commencement  of such action or proceeding
(the "Notice"). The Notice shall state the nature and the specific basis of such
claim and a reasonable  estimate of the amount thereof.  The Indemnified Party's
failure to give notice pursuant to this Section to the Indemnifying  Party shall
not relieve the Indemnifying  Party of any liability the Indemnifying  Party may
have to the Indemnified  Party pursuant hereto.  The Indemnifying  Party,  after
receipt of the Notice,  shall  defend and settle,  at its own expense and by its
own counsel,  each such matter;  provided,  however, that the Indemnifying Party
will not consent to the entry of any judgment or enter into any settlement  with
respect  to the third  party  claim  without  the prior  written  consent of the
Indemnified Party.  Notwithstanding  the foregoing,  the Indemnified Party shall
have the right to participate in any matter through counsel of its own choosing.
Such separate representation shall be at the cost and expense of

                                        5

the Indemnified Party as long as the Indemnifying  Party is pursuing the defense
of such matter  diligently,  reasonably and in good faith.  If the  Indemnifying
Party  within  fifteen  (15)  days  fails  to  acknowledge  in  writing  to  the
Indemnified  Party its  obligation  to defend any such matter or does not assume
the defense  hereunder  within fifteen (15) days  diligently,  reasonably and in
good faith, the Indemnified  Party may undertake such defense through counsel of
its  choice  and  at  the  Indemnifying  Party's  expense.  Notwithstanding  the
foregoing,  if a  claim  relates  to  any  environmental  condition,  or  to  an
injunction or other equitable  relief with respect to the operation or condition
of the Business,  or in Buyer's  opinion would affect the operation or condition
of the Business, Buyer shall nevertheless notify the Indemnified Party but Buyer
may take all such actions as it deems  advisable in respect of such matter,  and
may defend such claim with Buyer's own  personnel and counsel,  consultants  and
other parties of its own choosing. Seller and Shareholders shall reimburse Buyer
for such defense by Buyer for all losses, damages and liabilities, including but
not limited to, fees of attorneys, consultants or other third parties engaged by
Seller,  and Shareholders or Buyer in respect of any such claim or proceeding or
litigation or settlements resulting therefrom.

                                   ARTICLE 4.

<PAGE>

                                     CLOSING

         SECTION 4.1. TIME AND PLACE OF CLOSING. The closing of the purchase and
sale of the Assets  (the  "Closing")  shall take place at 3:00 p.m. on April 14,
2000 (the  "Closing  Date") at the offices of Seller,  412 East Madison  Street,
Suite  1000,  Tampa,  Florida  33602,  unless an  alternative  time and place is
mutually agreed to by Buyer and Seller.  All documents may be exchanged by mail,
carrier, or other means.

         SECTION 4.2. DELIVERIES BY SELLER AND SHAREHOLDERS. On the Closing
Date, Seller will deliver the following:

                  (a) a Bill of Sale,  Assignment  and Assumption of Liabilities
         Agreement,  in form and substance  satisfactory to Buyer and MegaMedia,
         conveying,  selling,  transferring  and  assigning  to Buyer all of the
         Assets (the "Bill of Sale");

                  (b) a  certificate  confirming  that the  representations  and
         warranties  of Seller set forth  herein were true and correct on and as
         of the Closing Date and that all covenants to be performed by Seller as
         of such date had been fully performed and complied with;

                  (c)  certified  resolutions  of the Board of Directors and the
         Shareholders of Seller, in form reasonably  satisfactory to counsel for
         Buyer, authorizing the Seller's execution,  delivery and performance of
         this Agreement, and all actions to be taken by Seller hereunder;

                  (d) good  standing  certificate  evidencing  active  corporate
         status  of  Seller  in  Florida  as of a date  not more  than  five (5)
         calendar days prior to the Closing Date;

                  (e) the Sublease, in form and substance satisfactory to Buyer
         and MegaMedia;

                                        6

                  (f) a subscription agreement (contained in the Registration
         Rights Agreement defined in Section 4.3(c), below);

                  (g) an opinion of Seller's counsel in form and substance
         satisfactory to Buyer; and

                  (h) such other additional  instruments of sale,  assignment or
         transfer as may be reasonably required by Buyer.

         SECTION 4.3. DELIVERIES BY BUYER. On the Closing Date, Buyer will
deliver to Seller the following:

                  (a) the Cash Payment, the Note and the MegaMedia Stock;

                  (b) a security agreement securing the payment of the Note in
         form and substance satisfactory to the parties hereto (the "Security
         Agreement");

                  (c) a subscription and registration rights agreement providing
         for certain piggy-back  registration rights for the MegaMedia Stock and
         the securities underlying the Note, in form and substance  satisfactory
         to the parties hereto (the "Registration Rights Agreement");

                  (d) a guaranty of the Note in form and substance satisfactory
         to MegaMedia and Seller (the "Guaranty");

                  (e) a  certificate  confirming  that the  representations  and
         warranties of Buyer set forth herein were true and correct on and as of
         the Closing Date and that all  covenants to be performed by Buyer as of
         such date have been fully performed and complied with;

<PAGE>

                  (f) certified  resolutions  of the Board of Directors of Buyer
         and MegaMedia in form reasonably satisfactory to counsel for Seller and
         Shareholders,  authorizing Buyer's and MegaMedia's execution,  delivery
         and performance of this Agreement, and all actions to be taken by Buyer
         and MegaMedia hereunder; and

                  (g) an opinion of Buyer's counsel on form and substance
         satisfactory to Seller's counsel.

                                   ARTICLE 5.

                    REPRESENTATIONS AND WARRANTIES OF SELLER

         SECTION 5.1. REPRESENTATIONS AND WARRANTIES. Seller and Shareholders
jointly and severally represent and warrant to Buyer that:

                  (a) EXISTENCE AND GOOD STANDING; CONFLICTS; AUTHORITY. Seller
         has full power and capacity, is under no legal restraint, and has all
         necessary authority to enter into this Agreement, perform Seller's
         obligations hereunder and consummate the transactions contemplated
         hereby. Seller is a corporation duly organized and constituted

                                        7

         and in good  standing  under  the  laws of the  State of  Florida.  The
         execution  and  delivery of this  Agreement,  the  consummation  of the
         transactions  contemplated hereby and the compliance by Seller with the
         terms of this  Agreement do not and will not conflict with or result in
         a breach  of any  terms of, or  constitute  a default  under,  Seller's
         Certificate of  Incorporation  or Bylaws or, any material  agreement or
         instrument  to which  Seller  is a party or by which it is  bound.  The
         execution and delivery of this Agreement by the Seller, the performance
         and compliance with all the terms and conditions hereof to be performed
         and complied with by the Seller,  and the consummation by the Seller of
         the transactions  contemplated  hereby have been duly authorized by all
         requisite  corporate  action on the part of the Seller.  This Agreement
         constitutes a valid obligation of Seller enforceable in accordance with
         its  terms   except  as   limited   by  (i)   bankruptcy,   insolvency,
         reorganization  or other such laws  concerning  the rights of creditors
         and (ii) general principles of equity.

                  (b) CONTRACTS.

                           (i)  CONTRACTS.  A complete  and  accurate set of all
                  Contracts  have been delivered to Buyer prior to the execution
                  of  this  Agreement.  Seller  has  in  all  material  respects
                  performed all obligations required to be performed by it under
                  the Contracts  prior to the Closing  Date,  and to the best of
                  Seller's  knowledge,  no other party to such  Contracts has in
                  any material  respect  breached any such Contract or is in any
                  material respect in default thereunder.

                           (ii)  CUSTOMER  CONTRACTS.  Except  as set  forth  on
                  SCHEDULE 1.2 hereto,  Seller is currently  providing  services
                  pursuant to each Customer Contract; and all Customer Contracts
                  are (and will be  immediately  following  the Closing Date) in
                  existence and in full force and effect and are valid,  binding
                  and  enforceable  against the  respective  parties  thereto in
                  accordance with their respective provisions.

                  (c) TITLE TO THE ASSETS.  Seller has good and marketable title
         to its  Assets,  free and  clear of all  Liens  (other  than  Permitted
         Liens).  By  virtue  of the  grant,  conveyance,  sale,  transfer,  and
         assignment  of the  Assets  hereunder,  Buyer  shall  receive  good and
         marketable title to the Assets,  free and clear of all Liens other than
         Permitted Liens. The Assets include all of the permits, licenses,

<PAGE>

         franchises,  consents  and other  approvals  necessary  or desirable to
         conduct the Business.  The Assets that are tangible  Assets are in good
         working condition, ordinary wear and tear excepted.

                  (d) MASTER LEASE; SUBLEASE. Attached as SCHEDULE 5.1(D) hereto
         is a true and  correct  copy of the  master  lease  between  Seller and
         Madison  Building,  Inc. (the  "Landlord")  regarding the Premises (the
         "Master  Lease").  Neither  Seller nor the Landlord is in default under
         the Master  Lease.  Seller has authority to enter into the Sublease for
         the  Premises,  has obtained  all consents  necessary to enter into the
         Sublease,  and the  Sublease  will  constitute  an  agreement of Seller
         enforceable in accordance with its

                                        8

         terms except as limited by (i) bankruptcy,  insolvency,  reorganization
         or other such laws  concerning the rights of creditors and (ii) general
         principles of equity.

                  (e) LITIGATION. Except as set forth on SCHEDULE 5.1(E) hereto,
         there  is  no   claim,   litigation,   action,   suit  or   proceeding,
         administrative  or  judicial,  pending  or  threatened  against  Seller
         involving  the  Assets,  the  Premises  or the  transactions  set forth
         herein, at law or in equity,  before any federal,  state or local court
         or  regulatory  agency,  or other  governmental  authority.  Seller has
         received  no notice  of any of the above and no facts or  circumstances
         exist  which  would,  with the  passage of time or giving of notice (or
         both), give rise to any of the above.

                  (f) EMPLOYEE RELATIONS AND BENEFIT PLANS. Seller has no
         employee benefit plans or arrangements that are subject to the
         provisions of the Employment Retirement Income Security Act of 1974, as
         amended ("ERISA").

                  (g) SCHEDULES  INCORPORATED  BY  REFERENCE.  The making of any
         recitation  in any  Schedule  hereto  shall be deemed to  constitute  a
         representation  and  warranty  that  such  recitation  is  an  accurate
         statement   and   disclosure  of  the   information   required  by  the
         corresponding  Section(s)  of this  Agreement,  as, to the extent,  and
         subject  to the  qualifications  and  limitations,  set  forth  in such
         corresponding Section(s).

                  (h) INVESTMENT. All shares of MegaMedia Stock which the Seller
         shall acquire pursuant to this Agreement will be acquired by the Seller
         for its own account,  for investment purposes only, and not with a view
         to the resale or distribution thereof, except soley to the Shareholders
         in  a  liquidating  distribution  or  similar  event.  The  Seller  and
         Shareholders hereby acknowledge that (A) they have received information
         about  MegaMedia or have been provided  access to such  information and
         have  been  provided  opportunities  to ask  questions  of and  receive
         answers from MegaMedia's management regarding such information; (B) the
         MegaMedia  Stock  is  restricted  and  may  not be  sold  or  otherwise
         transferred  except  pursuant to  registration  under federal and state
         securities  laws  or  an  exemption   therefrom  and  the  certificates
         representing the MegaMedia Stock will bear a legend accordingly.

                  (i)  DISCLOSURE  AND DUTY OF INQUIRY.  Neither  MegaMedia  nor
         Buyer will be required to undertake any  independent  investigation  to
         determine the truth,  accuracy and completeness of the  representations
         and warranties made by the Seller and Shareholders in this Agreement.

                  (j) DISCLOSURE.  The representations and warranties  contained
         in this  Section 5.1 do not contain any untrue  statement of a material
         fact or omit to state any material fact  necessary in order to make the
         statements and information contained in this Section 5.1 not

<PAGE>
         misleading.  If Seller becomes aware of any fact or circumstance  which
         would change a representation  or warranty of Seller in this Agreement,
         it shall immediately give notice of such fact or circumstance to Buyer.
         However,  such notification shall not relieve Seller of its obligations
         under this Agreement, and at the sole

                                        9

         option of Buyer,  the truth and accuracy of any and all  warranties and
         representations  of  Seller  at the date of this  Agreement  and on the
         Closing  Date,  shall be a  precondition  to the  consummation  of this
         transaction.  All  information or materials  provided by Seller (or its
         respective  agents or employees) to Buyer or its agents or employees in
         connection  with  Buyer's  examination  of  the  business,  assets  and
         prospects of Seller have, in each case, been true and correct.

         SECTION  5.2.  SURVIVAL.  Each of the  covenants,  representations  and
         warranties  set forth in this Article 5 or elsewhere in this  Agreement
         shall survive the Closing Date and the transfer of the Assets and shall
         remain in effect forever without any limitation as to time.

                                   ARTICLE 6.

                     REPRESENTATIONS AND WARRANTIES OF BUYER

         SECTION 6.1. REPRESENTATIONS AND WARRANTIES. Buyer represents and
warrants to Seller that:

                  (a) CORPORATE ORGANIZATION. Buyer is a corporation duly
         organized, validly existing and in good standing under the laws of the
         State of Delaware.

                  (b) AUTHORIZATION. Buyer has all requisite corporate power and
         corporate   authority  to  enter  into  this  agreement,   perform  its
         respective   obligations  hereunder  and  consummate  the  transactions
         contemplated hereby. The execution and delivery of this Agreement,  the
         consummation of the transactions contemplated hereby and the compliance
         by Buyer with the terms of this  Agreement do not and will not conflict
         with or result in a breach  of any  terms of, or  constitute  a default
         under,  its  Articles of  Incorporation  or Bylaws or, in any  material
         respect, any material agreement or instrument to which Buyer is a party
         or by which it is bound. All necessary  corporate action has been taken
         by Buyer with respect to the execution and delivery of this  Agreement,
         and this Agreement  constitutes a valid obligation of Buyer enforceable
         in  accordance   with  its  terms  except  as  limited  by  bankruptcy,
         insolvency,  reorganization or other such laws concerning the rights of
         creditors.

         SECTION 6.2. REPRESENTATIONS RELATED TO THE MEGAMEDIA STOCK. The shares
of MegaMedia  Stock to be received by Seller  pursuant to this  Agreement  will,
when issued and  delivered to Seller,  be duly and validly  issued,  fully paid,
nonassessable shares of common stock of MegaMedia.

         SECTION 6.3. GOVERNMENTAL AUTHORIZATION. Neither the execution,
delivery or performance by Buyer of this Agreement requires any action by or in
respect of, or filing with, any governmental body, agency, official or
authority.

         SECTION  6.4.  SURVIVAL.  Each of the  covenants,  representations  and
warranties  set forth in this  Article 6 or elsewhere  in this  Agreement  shall
survive the  Closing  Date and the  transfer  of the Assets and shall  remain in
effect forever without any limitation as to time.

                                       10

<PAGE>

                                   ARTICLE 7.
               CERTAIN POST-CLOSING COVENANTS OF SELLER AND BUYER

         SECTION  7.1.  PAYMENT OF TAXES;  FILING OF RETURNS.  (a) Seller  shall
remain  liable for the filing of all tax returns and reports and for the payment
of all federal, state and local taxes of Seller relating to the operation of its
Business  and the sale of the Assets and Seller and  Shareholders  shall  remain
jointly and  severally  liable for the payment of all taxes  attributable  to or
relating to the consummation of the transactions  contemplated herein, and shall
indemnify  and hold Buyer  harmless from and against all liability in connection
therewith,  and (b) Seller and Shareholders shall jointly and severally bear the
responsibility for sales, use or other similar taxes, if any, arising out of the
consummation of the transactions herein provided for and shall be liable for the
filing of all necessary tax returns and reports with respect to such taxes.

         SECTION 7.2.  PROVISION OF BANDWIDTH TO SELLER.  Buyer hereby agrees to
provide  bandwidth to Seller,  in amounts  specified in orders  placed by Seller
with Buyer;  and, to the extent  Seller's  orders exceed the amount of bandwidth
that Buyer can then provide, Buyer shall use commercially  reasonable efforts to
obtain  additional  bandwidth for Seller,  subject to such additional  bandwidth
being available to Buyer.  Seller  acknowledges that Buyer will be obtaining the
bandwidth from one or more third party  providers.  The price Buyer shall charge
Seller and the price Seller shall pay to Buyer for such bandwidth shall be equal
to Buyer's cost of obtaining such bandwidth plus fifteen percent (15%). The cost
of all equipment  necessary to fulfill Seller's  bandwidth orders, and all labor
and installation of equipment,  wiring, connections,  etc., necessary to deliver
such bandwidth to Buyer shall be borne solely by Seller.  As soon as practicable
after  Closing,  Buyer  and  Seller  shall  enter  into a  definitive  agreement
reflecting the foregoing terms and such other terms and provisions as is typical
of agreements between Buyer and its third party providers of bandwidth.

                                   ARTICLE 8.

                         CONDITIONS PRECEDENT TO CLOSING

         SECTION  8.1.  CONDITIONS   PRECEDENT  TO  BUYER'S   PERFORMANCE.   The
obligations  of  Buyer  to  consummate  the  transactions  contemplated  by this
Agreement  are  further  subject to the  satisfaction,  at or before the Closing
Date, of all the following conditions, any one or more of which may be waived in
writing by Buyer:

                  (a)   Accuracy  of   Representations   and   Warranties.   All
         representations  and warranties made by Seller and the  Shareholders in
         this  Agreement,  in any  Schedule(s)  hereto,  and/or  in any  written
         statement  delivered  to Buyer under this  Agreement  shall be true and
         correct  in all  material  respects  on and as of the  Closing  Date as
         though such  representations and warranties were made on and as of that
         date.

                  (b) Performance.  The Seller and the  Shareholders  shall have
         performed,  satisfied and complied with all  covenants,  agreements and
         conditions  required by this  Agreement to be  performed,  satisfied or
         complied with by them on or before the Closing Date.

                                       11

                  (c) Absence of Litigation or Other Proceeding. No action, suit
         or  proceeding  by or  before  any  court or any  governmental  body or
         authority,  against  the  Seller  or  pertaining  to  the  transactions
         contemplated by this Agreement or their  consummation,  shall have been
         instituted  on or  before  the  Closing  Date,  which  action,  suit or
         proceeding  would,  if determined  adversely,  have a material  adverse
         effect on the Business, operations or prospects of the Seller.

                  (d) Consents. All necessary disclosures to and agreements and
         consents of (a) any parties to any Contracts and/or any licensing
         authorities which are material to the Assets and the consummation of

<PAGE>

         the   transactions   contemplated  by  this  Agreement,   and  (b)  any
         governmental   authorities  or  agencies  to  the  extent  required  in
         connection with the transactions contemplated by this Agreement,  shall
         have been obtained,  shall be in such form as shall be  satisfactory to
         Buyer and true and complete  copies thereof shall be delivered to Buyer
         on or before the Closing Date.

                  (e)  Condition of Property.  Between the date of the appraisal
         of the Assets by WinSpeed,  Inc. dated March 27, 2000 (the "Appraisal")
         and the Closing Date, Assets of the Seller having an appraised value in
         the aggregate of $10,000.00 or more shall not have been lost, destroyed
         or irreparably  damaged by fire, flood,  explosion,  theft or any other
         cause, unless covered by insurance.

                  (f) Satisfactory Due Diligence Investigation. Buyer, in its
         sole and absolute discretion, shall be satisfied with the results of
         its due diligence investigation of, without limitation, the
         Shareholders, the Seller, and the Seller's Business.

                  (g) Proceedings and Instruments Satisfactory. All proceedings,
         corporate or other,  to be taken in  connection  with the  transactions
         contemplated by this Agreement,  and all documents  incidental thereto,
         shall be  reasonably  satisfactory  in form and  substance to Buyer and
         MegaMedia.

         SECTION 8.2. CONDITIONS PRECEDENT TO THE SELLER'S AND THE SHAREHOLDERS'
PERFORMANCE.  The  obligations  of the  Seller to  consummate  the  transactions
contemplated  hereunder and of the  Shareholders to consummate the  transactions
contemplated  by this Agreement are further subject to the  satisfaction,  at or
before the Closing Date, of all of the following conditions,  any one or more of
which  may  be  waived  in  writing  by,  as  applicable,   the  Seller  or  the
Shareholders:

                  (a)   Accuracy  of   Representations   and   Warranties.   All
         representations  and warranties made by Buyer in this Agreement  and/or
         in any written statement  delivered by Buyer under this Agreement shall
         be true and correct in all  material  respects on and as of the Closing
         Date as though such  representations and warranties were made on and as
         of that date.

                  (b)  Performance.  Buyer shall have  performed,  satisfied and
         complied with all covenants, agreements and conditions required by this
         Agreement to be  performed,  satisfied or complied  with by Buyer on or
         before the Closing Date.

                                       12

                  (c) Proceedings and Instruments Satisfactory.  All proceedings
         to be taken in connection  with the  transactions  contemplated by this
         Agreement,  and all documents  incidental thereto,  shall be reasonably
         satisfactory in form and substance to Seller and the Shareholders.

                                   ARTICLE 9.

                                     GENERAL

         SECTION  9.1.  FURTHER  ASSURANCE.  From time to time after the Closing
Date, Seller will, without further consideration, execute and deliver such other
instruments  of conveyance and transfer,  and take such other action  including,
without  limitation,   assistance  in  connection  with  litigation,   as  Buyer
reasonably  may request to more  effectively  convey and transfer to and vest in
Buyer and to put Buyer in possession of the Assets to be transferred  hereunder.
Seller and Shareholders  hereby covenant and agree to use all reasonable efforts
to assist Seller in filing all applicable  reports and forms with the Securities
and  Exchange  Commission  (including  a  Report  on Form  8-K,  if  applicable,
reporting  the  transactions  set forth  herein)  or any other  governmental  or
regulatory entity.

<PAGE>

         SECTION  9.2.  NOTICES.  All  notices  or  communications  required  or
permitted  under this  Agreement  shall be given in writing and served either by
personal delivery, overnight courier or by deposit in the United States mail and
sent by first class  registered or certified  mail,  return  receipt  requested,
postage prepaid:

                  If to Buyer or            c/o MegaMedia Networks, Inc.
                  MegaMedia:                57 West Pine Street
                                            Orlando, Florida 32801
                                            Attention:  Steven Noble

                  with copy to:             Greenberg Traurig, P.A.
                                            111 North Orange Avenue
                                            20th Floor
                                            Orlando, Florida  32801
                                            Attention:  Sandra Gordon, Esq.

                  If to Seller:             City-Guide ISP, Inc.
                                            412 E. Madison Street, Suite 1000
                                            Tampa, Florida 33602
                                            Attention:  David Marshlack

                                       13

                  with copy to:             Battaglia, Ross, Dicus & Wein
                                            980 Tyrone Blvd.
                                            St. Petersburg, Florida 33710
                                            Attention:  Aubry Dicus, Esq.

Notice shall be deemed given and effective the day personally delivered, the day
after being sent by overnight  courier and three days after  deposit in the U.S.
mail as provided above,  or when actually  received,  if earlier.  Any party may
change the address for  notices or  communications  to be given to it by written
notice to the other party given as provided in this Section 9.2.

         SECTION 9.3. ENTIRE AGREEMENT. This Agreement, the Schedules hereto and
the other  agreements  referred to herein  constitute  the entire  agreement and
understanding  of the parties with  respect to the subject  matter  hereof,  and
supersede all prior and contemporaneous  agreements and understandings,  oral or
written, relative to said subject matter.

         SECTION 9.4. BROKER'S COMMISSION. If for any reason a commission or fee
shall become due, the party dealing with such dealer,  broker or agent shall pay
such commission or fee and agrees to indemnify and save the other party harmless
from all  claims  for such  commission  or fee and  from  all  attorneys'  fees,
litigation costs and other expense relating to such claim.

         SECTION 9.5. MODIFICATION;  REMEDIES CUMULATIVE. This Agreement may not
be changed, amended, terminated,  augmented,  rescinded or otherwise altered, in
whole or in part,  except by a writing executed by the parties hereto. No right,
remedy or election given by any term of this Agreement shall be deemed exclusive
but each shall be  cumulative  with all other  rights,  remedies  and  elections
available at law or in equity.

         SECTION 9.6.  SEVERABILITY.  In case any  provision  of this  Agreement
shall be invalid, illegal or unenforceable, it shall, to the extent possible, be
modified in such manner as to be valid,  legal and enforceable and so as to most
nearly retain the intent of the parties.  If such  modification is not possible,
such  provision  shall be  severed  from  this  Agreement.  In  either  case the
validity,  legality  and  enforceability  of the  remaining  provisions  of this
Agreement shall not in any way be affected or impaired hereby.

         SECTION 9.7. AVAILABILITY OF RECORDS. Each party shall cooperate in
providing the other party with copies of, or reasonable access to, (a) such
records as may need in connection with any audit, claim, challenge or review of

<PAGE>

Seller's tax liabilities  and (b) such business  records as Buyer may reasonably
deem relevant to its operation of the Business and the Assets.

         SECTION 9.8.  CONSTRUCTION.  Buyer and Seller have participated jointly
in the negotiation and drafting of this Agreement.  In the event an ambiguity or
question of intent or interpretation  arises,  this Agreement shall be construed
as if drafted  jointly by Buyer and Seller and no presumption or burden of proof
shall arise favoring or disfavoring any party by virtue of the authorship of any
of the provisions of this Agreement. Any reference to any federal, state, local,
or  foreign  statute  or law  shall be  deemed  also to refer to all  rules  and
regulations promulgated thereunder,  unless the context requires otherwise.  The
word

                                       14

"including"  shall mean including  without  limitation.  The Parties intend that
each  representation,   warranty,  and  covenant  contained  herein  shall  have
independent  significance.   If  any  Party  has  breached  any  representation,
warranty,  or  covenant  contained  herein in any  respect,  the fact that there
exists  another  representation,  warranty,  or  covenant  relating  to the same
subject matter  (regardless  of the relative  levels of  specificity)  which the
Party has not  breached  shall not detract  from or  mitigate  the fact that the
Party is in breach of the first representation, warranty, or covenant.

         SECTION 9.9.  ATTORNEY'S  FEES. In the event any  litigation to enforce
the terms of this Agreement or in the event of arbitration, the prevailing party
shall be awarded against the  non-prevailing  party,  its reasonable  attorney's
fees and costs, including those incurred at all levels of proceedings.

         SECTION 9.10. WAIVER. The waiver of any of the terms or conditions of
this Agreement shall not be construed as a waiver of any other term or condition
hereof.

         SECTION 9.11.  COUNTERPARTS.  This Agreement may be executed in several
counterparts,  each of which when so executed shall be deemed to be an original,
and  such  counterparts  shall  together  constitute  and be one  and  the  same
instrument.

         SECTION 9.12. TIME IS OF THE ESSENCE. Time is of the essence of each
and every provision of this Agreement and any exhibit, modification, or addendum
hereto.

         SECTION 9.13. GOVERNING LAW. This Agreement shall in all respects be
governed by and construed in accordance with the laws of the State of Florida.

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed as of the day and year first above written.

                               SELLER:

                               CITY-GUIDE  ISP, INC., a Florida corporation

                               By:      /s/ David G. Marshlack
                                      ----------------------------------
                               Name:    David G. Marshlack
                                Title: President

                               BUYER:

                               TITAN HOSTING, INC., a Delaware corporation

                               By:      /s/ Steven H. Noble, III
                                      ----------------------------------
                               Name:  Stephen H. Noble, III
                                      ----------------------------------

<PAGE>

                                    (a/k/a Steve Noble and Steven Noble)
                               Title:    Vice President
                                      ----------------------------------

                                       15

                               MEGAMEDIA:

                               MEGAMEDIA NETWORKS, INC.

                               By:    /s/ Stephen H. Noble, III
                                      ----------------------------------
                               Name:  Stephen H. Noble, III
                                      ----------------------------------
                                      (a/k/a Steve Noble and Steven Noble)
                               Title: Chief Financial Officer
                                      ----------------------------------

                                  SHAREHOLDERS:

                               /s/ David Marshlack

                               ----------------------------------
                                 David Marshlack

                                /s/ DanMarshlack

                               ----------------------------------
                                  Dan Marshlack

                               /s/ Bruce C. Hammil

                               ----------------------------------
                                 Bruce C. Hammil

                                 /s/ Mark Dolan

                               ----------------------------------
                               Mark Dolan

                                       16

                                 SCHEDULE 1.1(A)

(I)      FURNITURE, FIXTURES AND EQUIPMENT IDENTIFIED ON EXHIBIT A ATTACHED
         HERETO

         All items on the attached  Exhibit A are free and clear of encumbrances
and not subject to any leases.

(II)     THE FOLLOWING EQUIPMENT LEASES/AGREEMENTS:

         1.       UUNET OC Direct Burstable OC-3C Agreement dated July 30, 1999

         2.       AT&T Master Agreement dated November 21, 1999 for Internet
                  Service Contract Management and AT&T Internet Transport
                  Services Agreement.

         3.       AT&T Internet Services Contract Management Agreement dated
                  December 13, 1999, Reference No. MDS991101155342.

         4.       Time Warner Telecom Agreement dated January 5, 2000 for 3
                  on-net access facilities for AT&T dedicated Internet

         5.       Intermedia Communications Business Internet Service Ofder
                  dated November 21, 1999

<PAGE>

         6.       Sprint Custom Service Agreement dated November 19, 1999,
                  Reference No. BSG 9910-114R3.

<TABLE>
<CAPTION>

                                 SCHEDULE 1.1(B)

                               CUSTOMER CONTRACTS

Dial-Up Accounts

                                                       Monthly       Monthly
Type of Account                          Quantity       Charge       Revenue
--------------------------------------------------------------------------------
<S>                                            <C>       <C>           <C>
128k ISDN                                      37        19.95         738.15
128k ISDN Dialup 1 Year Plan                    4        19.95          79.80
56k/64k Dialup 1 Year Plan                     67         9.95         666.65
56k/64k Dialup 3 Year Plan                      1         9.95           9.95
56k/64k Dialup Free-Setup                   1,371         9.95      13,641.45
1 Year Plan                                    32         7.95         254.40
monthly dial-up access Pinellas               905         7.95       7,194.75
Three month plan Pinellas                      28         7.95         222.60
Added Services Only                            21         7.95         166.95
ADSL Bronze 128/768k                           15        15.95         239.25
Custom Dedicated ip                             1        45.00          45.00
Employee Discount                               1        --             --
Free Month 56k/64k                             76        --             --
Personal Webhost Package                        1        19.95          19.95
                                            -----        -----    -----------
Total                                       2,560                 $ 23,278.90

</TABLE>

                                  SCHEDULE 1.3

               CONTRACTS REQUIRING CONSENT TO ASSIGNMENT TO BUYER

1.       Consent of Madison Building, Inc., Landlord, to Sublease of Premises by
         Seller to Buyer.

2.       AT&T  Agreements - assignable  with prior written  consent of the other
         party, except that either party may, without the other party's consent,
         assign the  agreements  or any  attach-  ments to the  agreements  to a
         present  or  future  affiliate  or  successor,  provided  that any such
         assignment  by  Customer  (City-Guide)  shall be  contingent  upon AT&T
         determining the assignee to be creditworthy  and in compliance with any
         eligibility criteria imposed by AT&T.

                                  SCHEDULE 1.4

                                 PERMITTED LIENS

         None, other than:

                  (a) Liens of Lessors of Equipment Leases being assumed by
         Buyer and identified on Schedule 3.2; and

                  (b) The lien of Seller on the Assets being acquired hereunder
         and evidenced by the Security Agreement, excluding the Customer

<PAGE>

         Contracts (Dial-Up accounts) set forth on Schedule 1.1(b).

                                  SCHEDULE 3.2

                               ASSUMED LIABILITIES

         The following  amounts payable under applicable  Leases,  and the other
obligations of such Leases:

Entity                         Monthly Amount

--------------------------     --------------
Madison Building, Inc.
Sublease                            3,828   (representing amount payable under
                                            Sublease to be entered into by and
                                            between Seller and Buyer)
ATT - OC3*                         54,000
ATT - OC3*                         18,000
UUNET*                             54,520
Time Warner*                        6,592
Intermedia*                        42,590
Sprint*                            52,393

*Referenced under (ii) on Schedule 1.1(a).

                                 SCHEDULE 5.1(D)

                                  MASTER LEASE

                    A copy of the Master Lease is attached.

                                 SCHEDULE 5.1(E)

                                   LITIGATION

                                      NONE

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