Document:

Promissory Note

          $241,000.00                          Dated:  October 12, 2000

         For value received, Lorilei Communications, Inc., a Florida corporation
(hereinafter  referred  to as the  "Maker"),  promises  to pay to the  order  of
AmeriNet Group.com,  Inc., a publicly held Delaware  corporation with a class of
securities  registered  under  Section  12(g) of the  Exchange Act and a current
principle address at The Crystal  Corporate  Center;  2500 North Military Trail,
Suite  225-C;  Boca  Raton,  Florida  33431  (the  "Payee" or  "AmeriNet"),  the
principal  sum of  $241,000.00  heretofore  loaned by  AmeriNet  to the Maker as
described in exhibit 0.1 annexed hereto and made a part hereof, with interest at
the  annualized  rate of 8%, on  demand at any time  after  December  31,  2000,
subject to acceleration or forfeiture, as hereinafter described, in lawful money
of the United  States at the Payee's  address or at such other address as may be
designated by the Payee.

                                      Terms

1.       Forfeiture, Prepayment & Acceleration

(a)      This Note may be prepaid by the Maker at any time without penalty.

(b)      The Maker and any endorsers of this Note agree to waive demand,  notice
         of non-payment, and protest, and in the event suit shall be brought for
         the collection  hereof or the same has to be collected by the demand of
         an  attorney,  to  pay  reasonable  attorney's  fees  for  making  such
         collection.

2.       Collateral

(a)      This Note is  secured by all of the Assets  described  in exhibit  2(a)
         annexed hereto and made a part hereof (the"Collateral"),  none of which
         may be transferred,  conveyed, hypothecated or encumbered in any manner
         without  the payee's  prior  written  consent  until this Note is fully
         paid.

(b)      The Maker has executed UCC Forms 1, as required to perfect the security
         interest established hereby in the State of Florida.

3.       Representations & Warranties

         The Maker hereby represents, warrants and covenants that:

(a)      No material  adverse change in the business or the financial  condition
         of the  Maker  since  the  date  of the  latest  financial  information
         furnished  by the  Maker  to  AmeriNet  has  occurred,  other  than  as
         heretofore disclosed to AmeriNet's chief financial officer;

(b)      All acts,  conditions and things (including,  without  limitation,  the
         making of any required filings,  recordings or registrations)  required
         to be done or performed and to have happened pursuant to this Note have
         been done and performed;

(c)      All corporate,  and legal proceedings and all documents and instruments
         in connection  with the  authorization  of the this Note, this Note and
         all related  instruments  and ancillary  documentation  thereto will be
         delivered  to  AmeriNet  and its legal  counsel  concurrently  with the
         execution of this Note and AmeriNet will be  immediately  provided with
         all  information  and  copies  of  all  other  related   documents  and
         instruments, including records of corporate proceedings, which AmeriNet
         and its legal  counsel may  reasonably  have  requested  in  connection
         therewith,  such documents and instruments,  where  appropriate,  to be
         certified by proper corporate, or governmental authorities; and

<PAGE>

(d)      AmeriNet will be immediately  provided with the duly executed originals
         of  the  Forms   UCC-1  and  this  Note  and  all   related   ancillary
         documentation thereto and delivered in connection therewith, and copies
         or  originals  of  all  other  documents,  agreements  and  instruments
         relating to any aspect of the transactions required hereby to including
         evidence of insurance coverage of the Collateral required by AmeriNet.

4.       Mandatory Prepayment in the Event of Loss; Loan Repayment.

(a)      The Maker shall keep all of the Collateral fully insured under all risk
         insurance policies  acceptable in form and substance to the Payee, such
         insurance  to be  in an  amount  adequate  to  fully  replace  all  the
         Collateral in the event of its damage or loss.

(b)      In the event  that the  Collateral  shall be lost,  stolen,  destroyed,
         damaged  or  rendered  unfit  for  normal  use,  or in the event of any
         condemnation,  confiscation, seizure, or requisition of title to or use
         of the Collateral,  the Maker agrees to immediately  make available any
         insurance   proceeds  for  the  exclusive   purpose  of  replacing  the
         Collateral;  if, however, the Maker elects not to repair or replace the
         Collateral  within  10 days of the  Maker's  receipt  of the  insurance
         proceeds,  all insurance  proceeds shall be applied to a then mandatory
         prepayment of this Note.

5.       Place of Payments.

         Payment of principal, interest and other sums due or to become due with
respect to this Note are to be made at the office of principal executive offices
of  AmeriNet  in Boca Raton,  Florida,  or such other  place as  AmeriNet  shall
designate  to the Maker in  writing,  in lawful  money of the  United  States of
America in immediately available funds.

6.       Late Payments & Other Charges.

(a)      If any amount due with  respect to the payment of this Note is not paid
         when the same  shall be due,  the  Maker  will,  unless  excused,  on a
         specific  case by case basis,  in writing by AmeriNet,  pay interest on
         any such overdue  amount at the highest rate permitted by law until the
         date such amount is paid.

(b)      The Maker  shall  pay  or  cause  to be  paid, in addition to all other
         amounts payable hereunder:

         (1)   Premiums for insurance required to be obtained in connection with
               the Loans and the Collateral;

         (2)   Fees paid for filing  documents in public  offices in  connection
               with the transactions contemplated hereby; and

         (3)   Actual expenditures,  including  reasonable  attorney's fees, for
               proceedings  to collect  this Note or to  enforce,  preserve  and
               protect the Collateral  (as such term is defined  herein) and the
               rights and interest of AmeriNet therein.

7.       Rights and Powers with Respect to the Collateral.

         The Maker hereby  authorizes  AmeriNet to do every act and thing in the
name of the Maker which AmeriNet may deem advisable to enforce  effectively  its
rights and interest in and to the  Collateral  and the maker hereby  irrevocably
appoints AmeriNet its true and lawful attorney,  with full power of substitution
and revocation,  to demand, enforce, collect, receive, receipt and give releases
for any funds due or to become due under or arising  out of or with  respect to,
any of the Collateral and to endorse all checks and other instruments, and to do
and take all such other actions  relating to any of the Collateral,  to file any
claims or institute any  proceedings  with respect to any of the foregoing which
AmeriNet deems  necessary to advisable and to compromise any such demand,  claim
or action.

<PAGE>

8.       Assignments, Encumbrances, Transfers.

(a)  The Maker  will not,  without  the prior  consent  of  AmeriNet,  assign or
     transfer  any of its  rights to or sell,  dispose  or  otherwise  grant any
     interest  in or to any of the  Collateral,  or  create,  incur or suffer to
     exist any lien,  charge,  mortgage,  security interest or encumbrances upon
     any of the  Collateral,  except the lien of AmeriNet  created by this Note;
     provided,  however,  that Maker may sell,  transfer or otherwise dispose of
     its ownership interest or grant a lien, charge, mortgage, security interest
     to encumbrance in and to the  Collateral if such sale,  transfer,  or other
     disposition  or grant of  lien,  charge,  mortgage,  security  interest  or
     encumbrance is expressly made subject and  subordinate to AmeriNet's  first
     priority  security  interest as created by this Note and the Maker's buyer,
     transferee of lien holder  acknowledges  AmeriNet's first priority security
     interest in and to the  Collateral by executing and  delivering to AmeriNet
     such  acknowledgment,  provided that,  AmeriNet shall have previously given
     its consent and approval as to such buyer or transferee,  which consent and
     approval may be withheld for any reason.

(b)  In the  event  of any  conveyance,  foreclosure  or  other  disposition  of
     collateral  without AmeriNet's  consent,  then the entire principal balance
     under all Loans and guarantees, together with all accrued interest shall be
     immediately due and payable.

9.       Further Representations and Warranties.

      The Maker hereby represents, warrants and covenants that:

(a)  As of the date of this  Note it is not  insolvent  within  the  meaning  of
     applicable state and federal law;

(b)  It is a corporation  duly  organized and validly  existing in good standing
     under  the laws of the  State of  Florida  and that it has full  power  and
     authority  to enter into this Note,  respectively,  and to  consummate  the
     transactions contemplated hereby and thereby;

(c)  This Note,  the  assignments  and the  granting of the  security  interests
     provided for herein have been duly  authorized by all  necessary  corporate
     action  and  hereby  and  thereby   constitute  legal,  valid  and  binding
     obligations of the Maker,  enforceable in accordance with their  respective
     terms;

(d)  The making and performance by the Maker of the obligations undertaken under
     this Note,  and any related  documents  and the  transactions  contemplated
     hereby and thereby do not contravene any provisions of law applicable to it
     and do not conflict or are not inconsistent with, and will not result (with
     or  without  the giving of notice or both) in a breach of or  constitute  a
     default or require  any  consent  under,  or result in the  creation of any
     lien,  charge or encumbrance  upon the Collateral  pursuant to the terms of
     any credit agreement,  indenture,  mortgage,  purchase  agreement,  deed of
     trust, security agreement,  lease guarantee or other instrument to which it
     is a party or by which it may be bound or to which  its  properties  may be
     subject;

(e)  All sales, use,  property or other taxes,  licenses,  tolls,  inspection or
     other fees, bonds, permits or certificates which were or may be required to
     be paid or obtained in connection  with the  acquisition  of the Collateral
     will have been, or when due will be, paid in full or obtained;

(f)  The Maker has good,  valid and marketable  title to the Collateral free and
     clear of all liens, claims and encumbrances,  other than a lien in favor of
     Yankees  pursuant  to the terms of the  revolving  loan  agreement  between
     AmeriNet  and Yankees,  a copy of which has been filed with the  Securities
     and Exchange Commission, and, the specific liens and encumbrances disclosed
     in exhibit  9(f) annexed  hereto and made a part hereof (the  "Pre-existing
     Liens");

(g)  At least  concurrently  with the date of this  Note  AmeriNet  will  have a
     perfected  continuing  first priority  security  interest in and to all the
     Collateral,  except with reference to the Pre-existing Liens, in which case
     the continuing security interest shall be inferior only to the Pre-existing
     Liens; and

<PAGE>

(h)      The Maker has not entered into any understanding or agreement, (oral or
         in writing)  relating to the transactions  contemplated  herein, or any
         other  transactions  contemplated  or  permitted  by this Note with any
         person or entity which understanding, agreement or other writing would,
         in the  determination of AmeriNet,  affect the Collateral in any manner
         whatsoever  or any of the rights or interests of AmeriNet  with respect
         thereto.

10.      Default;  Remedies.

         In the event:

(a)      Of a failure of the Maker to pay any  amount  when  due hereunder for a
         period of 10 days after written notice by AmeriNet to the Maker;

(b)      Of a failure by the Maker to perform any agreement or undertaking under
         this Note or any other  agreement  or  document  given to  evidence  or
         secure any of this Note;

(c)      Any warranty,  representation,  covenant or agreement made by the Maker
         to AmeriNet  under this Note  relating to any related  document or this
         Note proves to be incorrect  or untrue in any  material  respect at the
         time when made;

(d)      The Maker shall  become  insolvent  or cease doing  business as a going
         concern  or  become  unable to pay its debts  generally  as such  debts
         become due, or a petition or order for relief under the bankruptcy laws
         or insolvency laws or for reorganization,  composition,  adjustment, or
         other relief of debtors  under any law is filed by or against the Maker
         and such petition is not  dismissed  within 30 days, or the Maker makes
         an assignment for the benefit of creditors, or a receiver or liquidator
         is appointed for the Maker, or a court of competent jurisdiction orders
         the winding up or liquidation of the affairs of the Maker;

(e)      The Maker is dissolved;

(f)      A major shareholder's interest  in  the  corporation shall be conveyed,
         foreclosed upon or transferred in any manner, without the Payee's prior
         consent; or

(g)      Any person, entity or  governmental  instrumentality shall make a claim
         against the Maker or any part of the Collateral;

(each of the events  referred to in the  foregoing  Subsections  (a) through (g)
being hereinafter referred to as a "Default"), then, in any such event, AmeriNet
may  accelerate  the full  amount of this Note in which  event such  amount will
become  immediately  due and payable by the Maker without  presentment,  demand,
protest or other notice of any kind, all of which are hereby  expressly  waived,
and  AmeriNet  may pursue all of the rights  and  remedies  with  respect to the
Collateral  accruing to AmeriNet  hereunder  or by operation of law as a secured
creditor under the Uniform  Commercial Code or other applicable law and all such
available rights and remedies, to the full extent permitted by the law, shall be
cumulative and not exclusive.

11.      Application of Proceeds.

         Upon  enforcement of this Note, all funds received upon the foreclosure
and liquidation of the Collateral shall be applied by AmeriNet as follows:

(a)      To the payment of all costs, expenses,  liabilities and compensation of
         AmeriNet  (including fees and expenses of its agents and legal counsel)
         incurred or accrued in connection with any action or proceeding brought
         by  AmeriNet  or in  connection  with  the  maintenance,  sale or other
         disposition of the Collateral or any portion thereof.

(b)      To the payments of all amounts then due and payable on this Note.

<PAGE>

(c)      To the  payment  of  any  surplus  then remaining to the Maker or other
         person legally entitled thereto.

12.      Receipt of Funds by the Maker.

         Notwithstanding  the granting to AmeriNet of a first priority  security
interest in and to the Collateral,  and a first lien on the capital stock of the
Maker,  if, at any time while this Note  remains  unsatisfied,  the Maker  shall
receive  any  amount  representing  funds  due,  or  proceeds  of,  any  of  the
Collateral, such sums shall be held by the Maker in trust for AmeriNet and shall
be immediately  paid by the Maker to AmeriNet in the form so received,  together
with any necessary endorsement thereon.

13.      Further Assurances.

         The Maker  agrees to execute  and deliver to  AmeriNet,  or cause to be
executed and delivered to AmeriNet,  such further  instruments  and documents as
may be  reasonably  requested  by  AmeriNet  to carry out fully the  intent  and
accomplish  the purposes of this Note, and the  transactions  referred to herein
and therein, and to protect and maintain the first priority security interest of
AmeriNet in and to the Collateral.

14.      Financials.

         The Maker hereby represents,  warrants,  and covenants to AmeriNet that
it will cause to be delivered to AmeriNet as soon as practicable:

         (a)      but in any event  within 90 days after the end of each  fiscal
                  year, statements of earnings and retained earnings and changes
                  in its financial position for such year, and its balance sheet
                  at the end to such fiscal year,  setting forth in each case in
                  comparative  form the  corresponding  figures of the  previous
                  annual audit,  all in reasonable  detail and certified by, and
                  accompanied by a report or opinion of,  independent  certified
                  public  accountants  of  recognized   standing  acceptable  to
                  AmeriNet, and

          (b)     within  45 days  after  the end of each  fiscal  quarter,  its
                  statements  of earnings and  retained  earnings and changes in
                  financial  position for such fiscal  quarter,  and its balance
                  sheet at the end of such fiscal quarter,

         setting  forth  in each  case in  comparative  form  the  corresponding
         figures of the previous  quarterly audit, all in reasonable  detail and
         prepared in accordance with generally  accepted  accounting  principles
         and certified by the Maker's Chief Financial Officer.

18.      Miscellaneous.

(a)      No Waiver; Cumulative Remedies.

         (1)      No failure or delay on the part of AmeriNet in exercising  any
                  right,  power or privilege  hereunder or under this Note shall
                  operate as a waiver  thereof,  nor shall any single or partial
                  exercise  of  any  right,  power  or  privilege  hereunder  or
                  thereunder  preclude any other or further  exercise thereof or
                  the exercise of any other right, power or privilege.

         (2)      No right or remedy in this Note is  intended  to be  exclusive
                  but each  shall be  cumulative  and in  addition  to any given
                  AmeriNet at law or in equity;  and the exercise by AmeriNet of
                  any one or  more  of such  remedies  shall  not  preclude  the
                  simultaneous  or later exercise by AmeriNet of any or all such
                  other  remedies.  No express or implied  waiver by AmeriNet of
                  any future or subsequent Default.

         (3)      To the extend  permitted  by law,  the Maker waives any rights
                  now or hereafter conferred by statute or otherwise which limit
                  or modify  any of  AmeriNet's  rights or  remedies  under this
                  Note.

<PAGE>

(b)      Notices.

         All notices,  requests and demands to or upon any party hereto shall be
deemed to have been duly given or made when deposited in the United States mail,
first class postage  prepaid,  addressed to such party at such address as may be
hereafter designated in writing by such party to the other Party hereto.

(c)      Payment of Expenses and Taxes; Performance by AmeriNet of Maker's
         Obligations.

         (1)      The Maker agrees to pay all:

                  (A)      Costs and expenses of AmeriNet in connection with the
                           negotiation,  preparation,  execution and delivery of
                           this Note and the other  documents  relating  hereto,
                           including,  without  limitation,  the reasonable fees
                           and disbursements of counsel to AmeriNet;

                  (B)      Fees and taxes in connection  with  the  recording of
                           this  Note  or  any  other  document  or   instrument
                           required hereby; and

                  (C)      Costs and expenses of AmeriNet in connection with the
                           enforcement of this Note including all legal fees and
                           disbursements arising in connection therewith.

         (2)      The  Maker  also  agrees  to pay,  and to  indemnify  and hold
                  AmeriNet  harmless  from  any  delay  in  paying:  all  taxes,
                  including without  limitation,  sales, use, stamp and personal
                  property  taxes  (other than any  corporate  income,  capital,
                  franchise or similar taxes payable by AmeriNet with respect to
                  the payments made to AmeriNet  hereunder or thereunder);  and,
                  all license, filing, and registration fees and assessments and
                  other charges, if any, which may be payable in connection with
                  the execution,  delivery and  performance of this Note, or any
                  modification thereof.

         (3)      If the  Maker  fails  to  perform  or  comply  with any of its
                  agreements  contained herein and AmeriNet shall itself perform
                  or comply, or otherwise cause performance or compliance,  with
                  such   agreement,   the  expenses  of  AmeriNet   incurred  in
                  connection with such performance or compliance,  together with
                  interest  thereon at the highest rate legally  permitted shall
                  be  payable  by Maker to  AmeriNet  on demand  and until  such
                  payment shall constitute part of this Note secured hereby.

(d)      Survival of Representations and Warranties.

         All  representations and warranties made in this Note and any documents
delivered pursuant hereto or thereto shall survive the execution and delivery of
this Note.

(e)      Amendments.

         This Note may be changed, waived,  discharged or terminated orally, but
only by an instrument in writing signed by the party against whom enforcement of
a change, waiver, discharge or termination is sought.

(f)      Counterparts.

         This  Note may be  executed  by the  parties  hereto  on any  number of
separate counterparts,  each of which when so executed and delivered shall be an
original,  but all such counterparts  shall together  constitute but one and the
same instrument.

(g)      Headings.

         The headings of the Sections and Paragraphs are for  convenience  only,
are not part of this Note and shall not be  deemed  to  effect  the  meaning  or
construction of any of the provisions hereof.

<PAGE>

(h)      Successors or Assigns.

         This Note shall be binding  upon and inure to the  benefit of Maker and
AmeriNet and their respective successors and assigns,  except that Maker may not
assign or transfer its rights or  obligations  hereunder or any interest  herein
without the prior written consent of AmeriNet.

(i)      Construction.

         This Note  shall be  governed  by, and  construed  and  interpreted  in
accordance with, the laws of the State of Florida.

(j)      Severability.

         If any  provision or any portion of any  provision of this Note, or the
application  of  such  provision  or  any  portion  thereof  to  any  person  or
circumstance  shall be held invalid or unenforceable,  the remaining portions of
such provision and the remaining  provisions of this Note or the  application of
such provision or portion of such provision as is held invalid or  unenforceable
to persons  or  circumstances  other  than those to which it is held  invalid or
unenforceable, shall not be affected thereby.

(k)      Number and Gender.

         All pronouns and any variations thereof shall be deemed to refer to the
masculine, feminine, neuter, singular or plural, as the identity of the party or
parties, or their personal representatives, successors and assigns may require.

(l)      Jurisdiction.

         (1)      The Maker  hereby  irrevocably  consents  and agrees  that any
                  legal action,  suit or proceeding arising out of or in any way
                  related to this Note or the transactions  contemplated hereby,
                  shall be  instituted  or brought in a forum,  either  legal or
                  arbitral, in Palm Beach County,  Florida, and by execution and
                  delivery of this Note,  the Maker hereby  irrevocably  accepts
                  and  submits  to, for  itself and in respect of its  property,
                  generally and unconditionally,  the non-exclusive jurisdiction
                  of any such tribunal, and to all proceedings in such tribunal.

         (2)      The Maker  irrevocably  consents  to  service  of any  summons
                  and/or legal process by registered or certified  United States
                  air mail,  postage prepaid,  to Maker at the address set forth
                  in any  filing  with the  Florida  Department  of State or the
                  Securities and Exchange Commission,  such method of service to
                  constitute, in every respect, sufficient and effective service
                  of process in any such legal action or proceeding.

         (3)      Nothing  in this Note  shall  affect  the right to  service of
                  process  in any  other  manner  permitted  by law or limit the
                  right of AmeriNet to bring  actions,  suits or  proceedings in
                  the courts or tribunals of any other jurisdiction.

         (4)      The Maker further agrees that final judgment against it in any
                  such legal action,  suit or proceeding shall be conclusive and
                  may be enforced in any other  jurisdiction,  within or outside
                  the  United  States of  America,  by suit on the  judgment,  a
                  certified  or  exemplified  copy of which shall be  conclusive
                  evidence of the fact and the amount of the Maker's liability.

(m)      License.

         This form of Note is the property of The Yankee  Companies,  Inc..  The
use hereof by the  Parties is  authorized  hereby  solely for  purposes  of this
transaction and, the use of this form of agreement or of any derivation  thereof
without The Yankee Companies, Inc.'s prior written permission is prohibited.

<PAGE>

               *                      *                      *

     IN WITNESS WHEREOF, the Maker has executed this instrument, effective as of
the 12th day of October, 2000.

Signed, Sealed & Delivered
         In Our Presence:
                                                    Lorilei Communications, Inc.
------------------------

________________________                      By:      /s/ Lawrence R. Van Etten
                                               Lawrence R. Van Etten, President

                                              Attest:  /s/ Vanessa H. Lindsey
                                                 Vanessa H. Lindsey, Secretary

<PAGE>

                                   Exhibit 0.1
                 Schedule of Money Loaned to Lorilei by AmeriNet

Date                                  Amount Loaned
5/15/00                               $95,000.00
5/18/00                               $5,000.00
6/30/00                               $7,000.00
7/6/00                                $20,000.00
7/7/00                                $3,000.00
7/11/00                               $7,000.00
8/3/00                                $10,000.00
8/4/00                                $7,000.00
8/9/00                                $10,000.00
8/21/00                               $10,000.00
8/25/00                               $10,000.00
8/29/00                               $5,000.00
9/5/00                                $12,000.00
9/11/00                               $8,000.00
9/20/00                               $4,000.00
9/21/00                               $11,000.00
10/5/00                               $17,000.00
Total Loaned as of 10/5/00            $241,000.00

<PAGE>

                                  Exhibit 2(a)
                       Legal Description of the Collateral

     The information  reflected in Exhibit 1.1 (W), Material Contracts;  Exhibit
1.1 (Z), Legal Description of Real Property and Improvements; Schedule 1.1  (Y),
Work Orders,  of the Asset Purchase  Agreement  between  AmeriNet Group.com  and
Lorilei Communications, Inc. is incorporated herein.

                                  Exhibit 9(f)
                             The Pre-existing Liens

     The  information  reflected  in Exhibit  1.1(C),  The Assumed  Liabilities;
Schedule  2.1(B)(2),  Excluded  Liabilities,  or the  Asset  Purchase  Agreement
between  AmeriNet  Group.com and Lorilei  Communications,  Inc. is  incorporated
herein.EMPLOYMENT AGREEMENT

                  AGREEMENT  made as of this 2nd day of  October,  2000,  by and
between MERIDIAN USA HOLDINGS,  INC., a Florida corporation,  with its principal
office located at 3350 N.W. 2nd Avenue,  Suite A-28,  Boca Raton,  FL 33431 (the
"Corporation")  and  CHRISTOPHER  VALLEAU,  residing at 8761 Wiles Road  17-201,
Coral Springs, FL 33067 ("Employee").

                              W I T N E S S E T H:

                  WHEREAS,  the  Corporation  is  engaged  in  the  business  of
producing  and  selling  syrups,  beverages  and  other  food  products  through
wholesale, retail and food service channels; and
                  WHEREAS,  the Corporation desires to employ the Employee,  and
the  Employee  desires to be  employed  by the  Corporation,  upon the terms and
conditions hereinafter set forth.
                  NOW, THEREFORE, in consideration of the foregoing premises and
the mutual  promises  and  covenants  contained  herein,  the  parties  agree as
follows:
                  1.       TERM OF EMPLOYMENT.  The term of this Agreement shall
be for a period of one (1) year  commencing  on the date  hereof  and  ending on
September 30, 2001, unless sooner terminated pursuant to Paragraph 7 hereof (the
"Term").

                  2.       EMPLOYMENT, DUTIES AND ACCEPTANCE.

                           (a)      The Corporation hereby employs  the Employee
as Vice  President - Finance to render  full-time  services to the  business and
affairs of the  Corporation,  subject to the direction of the Board of Directors
and the President of the  Corporation,  and to the policies,  business plans and
budgets from time to time adopted by the Board.  In  connection  therewith,  the
Employee shall perform such duties as he is reasonably  directed or requested to
perform by the Board or the President.

                           (b)      The Employee  hereby accepts such employment
and shall exercise his best efforts, judgment, skill and talents in the business
and  interests of the  Corporation,  and shall  perform such duties and services
conscientiously and to the full extent of his abilities, and shall not engage in
any  other  business  activity,  whether  or not  for  profit,  or be  otherwise
employed, without the prior written consent of the President of the Corporation.

                  3.       COMPENSATION.  In  consideration  for  the Employee's
services to the  Corporation  hereunder,  the  Corporation  will pay  Employee a
salary of ninety thousand dollars ($90,000) per year, payable in twenty-six (26)
bi-weekly installments.

                  4. STOCK OPTIONS: As additional  compensation  hereunder,  the
Corporation  shall issue to Employee an option to purchase  20,000 shares of its
Common Stock under the Corporation's 1999 Stock Incentive Plan, on the terms and
conditions set forth in the Stock Option  Agreement,  a form of which is annexed
to this Agreement as Exhibit A.

                  5.       BENEFITS: During the Term of this Agreement, Employee
will be provided with the following benefits:

                           (a)      Group  health  insurance  for  him  and  his

family at the  Corporation's  expense and such other  insurance  or benefit made
available  generally to other employees of the Corporation,  provided that until
such time as the  Corporation  has its own group health  insurance  policy,  the
Corporation  will pay  monthly  health  insurance  premiums  for  Employee  upon
submission by Employee of bills therefor.

<PAGE>

                           (b)      Three (3) weeks paid vacation and sick leave
in accordance with the policies in effect at the Corporation.

                           (c)      Reimbursement  for  the  cost  of leasing an
automobile to be used in the performance of his duties  hereunder,  subject to a
maximum benefit of $350 per month, plus  reimbursement for the cost of insurance
for such  automobile and the cost of gas and  maintenance for the automobile for
use in the performance of his duties hereunder.

                  6.      EXPENSES. The Corporation shall reimburse the Employee
for all  reasonable  expenses  actually  incurred by him in  furtherance  of the
performance  of his  services  hereunder,  against  vouchers  or other  proof of
expenditures.  No  expenses  in excess of $1,000  per item  shall be  reimbursed
unless  authorized in advance by the President or Chief Executive Officer of the
Corporation.  Expenses will be reimbursed within fifteen (15) days after the end
of the month in which vouchers are submitted to the Corporation.

                  7.      TERMINATION.

                           (a)      Termination  for  Cause: The Corporation may
terminate Employee's  employment hereunder upon 15 days prior written notice due
to:
                                    (i)      insubordination;
                                    (ii)     disloyalty;
                                    (iii)   misconduct; or

                                    (iv)    the  physical or mental inability of
the Employee to perform his normal and customary  duties and services  hereunder
for a period of 90  consecutive  days or an  aggregate of 120 days during any 12
month  period  during the Term of this  Agreement;  provided,  however,  that no
termination  shall be deemed for cause under this paragraph  unless the Employee
shall first have  received  written  notice from the  Corporation  advising  the
Employee of the specific acts or omissions  alleged to constitute the failure to
perform his duties or the breach of a material  provision,  and such  failure or
breach is not remedied within 15 days after such notice.

                                    (iv)    The Employee may resign at any time,
upon 15 days' prior written notice.

                  8.       RESTRICTIVE COVENANTS.

                           (a)  The Employee acknowledges that the Corporation's
business is based largely on certain confidential  information,  including,  but
not  limited  to,  lists of  employees,  and other  records  of the  Corporation
acquired, collected and classified as a result of a substantial outlay of money;
that the  trade  and  goodwill  of the  Corporation  with its  clients  has been
established  at a  substantial  cost to,  and great  effort on the part of,  the
Corporation;  that  irreparable  damage will result to the  Corporation  if such
lists,  records  or  information  are  obtained  or used by any other  person or
competitor  of the  Corporation,  or if  said  goodwill  is  diverted  from  the
Corporation;  and that his  employment  is being  obtained and is based upon the
trust and confidence  reposed by the Corporation in the Employee with respect to
the  proper  use  of  such  lists,   records  and  information  solely  for  the
Corporation's  benefit.  The Employee further  acknowledges that such employment
affords him an  opportunity to develop  favorable  relations with clients of the
Corporation  and access to such  confidential  lists,  records  and  information
concerning  the  Corporation's   business.  In  consideration  thereof,  and  in
consideration  of his  employment by the  Corporation,  during the period of his
employment  and,  in  the  event  that  the  Employee  voluntarily  resigns  his
employment,  for a  period  of six (6)  months  after  the  termination  thereof
("Noncompetition  Period"),  the  Employee  will  not,  except  on behalf of the
Corporation,  directly or indirectly, engage for his own account or become or be
interested in or associated with any person,  corporation,  firm, partnership or
other entity whatsoever, directly or indirectly engaged in direct competition to
the business of the Corporation in the United States in the sale of the products
the same as or similar to those sold by the Corporation during his employment.
<PAGE>

                           (b)    In view of the fact that the services that the
Employee renders for the Corporation will bring him into close contact with many
confidential  affairs of the  Corporation and its affiliates and parent company,
including  matters  of a  business  nature,  such as  information  about  costs,
profits,  markets,  sales, lists of past, current and prospective clients, price
lists,  lists of employees and other  information  not readily  available to the
public, and plans for future  developments,  during his employment hereunder and
thereafter,  the Employee shall not disclose to any person,  corporation,  firm,
partnership  or other  entity  whatsoever  (except the  Corporation,  its parent
company,  or any of its  affiliates),  or any  officer,  director,  stockholder,
partner,  associate,  employee, agent or representative of any such partnership,
firm or  corporation,  any  confidential  information  or trade  secrets  of the
Corporation,  its  subsidiaries or affiliates  learned by him at any time during
the term of this Agreement,  and that the Employee will promptly  deliver to the
Corporation  upon  termination of his employment  hereunder,  or at any time the
Corporation may so request,  all memoranda,  notes,  records,  reports and other
documents (and all copies thereof)  relating to the business of the Corporation,
its  subsidiaries  or  affiliates,  which the  Employee may then possess or have
under his control.

                           (c)      The Employee  acknowledges  that he is being
employed  by the  Corporation  primarily  in  reliance  upon his  covenants  and
assurances contained in Paragraph 8 hereof, and the Corporation and the Employee
acknowledge that a violation of the foregoing  restrictive  covenants will cause
irreparable  injury  to the  Corporation,  and  that  the  Corporation  shall be
entitled,  in addition to any other rights and remedies they may have, at law or
in equity, to an injunction enjoining and restraining the Employee from doing or
continuing  to do any such act and other  violation or  threatened  violation of
this Paragraph 8.

                           (d)      In  the event that any action, suit or other
proceeding  at law or in equity is  brought to enforce  the  provisions  of this
Paragraph 8 or to obtain money  damages for the breach  thereof (the  "Action"),
and such Action  results in the award of a judgment for money  damages or in the
granting of any injunction in favor of the  Corporation or if the Employee shall
prevail, all expenses,  including  reasonable  attorneys' fees of the prevailing
party in such  Action,  shall be paid by the  party  against  whom  judgment  is
awarded.

                  9.       NOTICES.

                           (a)      All notices or other communications provided
for in, or  permitted  under,  this  Agreement  shall be in writing and shall be
given by certified or registered mail with postage prepaid, by hand delivery, by
telecopier or overnight mail service, as follows:

                  If to the Corporation:
                           Meridian USA Holdings, Inc.
                           3350 N.W. 2nd Avenue
                           Suite A-28
                           Boca Raton, FL 33431
                           Attn:  Alan Posner

                  If to the Employee:

                           Christopher Valleau
                           8761 Wiles Road 17-201
                           Coral Springs, FL 33067

or to such other  person or address as either  party shall  specify by notice in
writing to each of the other parties.  All such notices and communications shall
be deemed to have been duly given or made (i) when delivered by hand,  (ii) five
business  days after being  deposited in the mail,  postage  prepaid,  (iii) the
first  business  day  after  placed  in  overnight  mail  service,  or (iv) when
telecopied, receipt acknowledged.
<PAGE>

                  10.      GENERAL.

                           (a)      This  Agreement  shall  be  governed by, and
construed  and  enforced in  accordance  with,  the laws of the State of Florida
applicable to agreements made and to be performed entirely in Florida.

                           (b)      The  paragraph headings contained herein are
for  reference  purposes  only and shall not in any way  affect  the  meaning or
interpretation of this Agreement.

                           (c)      The foregoing is the entire agreement of the
parties  with  respect to the  subject  matter  hereof  and no  representations,
inducements,  provisions or agreements,  oral or otherwise, not embodied herein,
shall be of any force or effect.

                           (d)      This  Agreement  may  be  amended, modified,
superseded or canceled,  and the terms,  covenants and conditions  hereof may be
waived only by a written  instrument  executed by the parties hereto,  or in the
case of a waiver, by the party waiving compliance.

                           (e)      Should  any  part  of this Agreement for any
reason be declared  invalid,  such decision shall not affect the validity of any
remaining  portion,  and any such remaining portion shall continue in full force
and effect as if this  Agreement  had been  executed  with the  invalid  portion
eliminated.

                           (f)      Whenever  applicable  herein,  the masculine
gender shall be construed to include the feminine,  and words in their  singular
form shall be construed to include their plural, and vice versa.

                           (g)      This Agreement  shall  not  be assignable by
Employee.  The  Corporation  may assign this  agreement to another entity in the
event of a merger,  consolidation or sale of all or substantially all the assets
of the Corporation.

<PAGE>

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

                                        MERIDIAN USA HOLDINGS, INC.

                                        By:  /s/ Mark Streisfeld
                                        Mark Streisfeld, President

                                        /s/Christopher Valleau
                                        Christopher Valleau

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