Document:

EMPLOYMENT AGREEMENT

       THIS EMPLOYMENT  AGREEMENT  ("Agreement")  is made and entered into as of
the 7th day of July, 1999 by and between OREX GOLD MINES CORPORATION, a Delaware
corporation  (the  "Company"),   and  WARREN  HEMEDINGER,   an  individual  (the
"Executive").

                             Preliminary Statements

       A.   The  Company is  presently  engaged in the  business of owning and
operating within the state of Florida and other businesses (the "Businesses");

       B. The  Executive  has had many  years of  experience  in the  affairs of
business organizations; and is currently the President of the Company; and

       C. The Company is desirous of continuing  the employment of the Executive
and benefiting from his contributions to the Company.

                                    Agreement

       NOW, THEREFORE, in consideration of the premises and mutual covenants set
forth herein, the parties agree as follows:

1.    Employment.

1.1  Employment  and Term.  The Company  hereby agrees to continue to employ the
Executive and the Executive  hereby agrees to continue to serve the Company,  on
the  terms and  conditions  set  forth  herein,  for a period of three (3) years
commencing on the date hereof and expiring on the first anniversary  hereof (the
"Initial  Term") unless sooner  terminated as hereinafter  set forth;  provided,
however,  that commencing on the first and each  anniversary of the date of this
Agreement,  the Initial Term of this Agreement shall  automatically  be extended
for one additional year unless at least ninety (90) days prior to such date, the
Company  shall have  delivered  to the  Executive  or the  Executive  shall have
delivered  to the  Company  written  notice  that  the  term of the  Executive's
employment hereunder will not be extended.  (The Initial Term and any extensions
shall be hereinafter referred to as the "Employment Period").

1.2 Duties of the Executive.  During the Employment  Period, the Executive shall
serve as President of the Company and shall have powers and  authority  superior
to any other  officer or  employee of the  Company or of any  subsidiary  of the
Company.  The  Executive  shall be  required  to report  solely to, and shall be
subject  solely to the  supervision  and  direction of, the Board at duly called
meetings  thereof  and no other  person  or group  shall be given  authority  to
supervise or direct the Executive in the  performance of his duties.  During the
Employment Period, and excluding any periods of vacation and sick leave to which
the Executive is entitled,  the Executive agrees to devote  substantially all of
his attention and business time during normal business hours to the business and
affairs  of  the  Company  and,  to  the  extent   necessary  to  discharge  the
responsibilities  assigned  to the  Executive  hereunder  as a senior  executive
officer  involved  with  the  general  management  of the  Company,  to use  the
Executive's  reasonable best efforts to perform  faithfully and efficiently such
responsibilities.  During the  Employment  Period it shall not be a violation of
this Agreement for the Executive to (i) serve on corporate,  civic or charitable
boards or committees;  (ii) deliver  lectures,  fulfill speaking  engagements or
teach at educational  institutions;  or (iii) manage  personal  investments  and
engage  in  other  business  activities,  so  long  as  such  activities  do not
significantly interfere with the performance of the Executive's responsibilities
as an employee of the Company in accordance with this Agreement. It is expressly
understood  and agreed  that to the extent  that any such  activities  have been
conducted by the Executive  prior to the date hereof,  the continued  conduct of
such  activities  (or the  conduct  of  activities  similar  in nature and scope
thereto)  subsequent  to the date  hereof  shall  not  thereafter  be  deemed to
interfere  with  the  performance  of the  Executive's  responsibilities  to the
Company.

1.3  Place of  Performance.  The  Executive  shall  be  based  at the  Company's
principal executive offices located in Miami-Dade,  Florida, except for required
travel  relating  to  the  Company's   Businesses  to  an  extent  substantially
consistent with the Executive's present travel obligations.

2. Base Compensation & Incentive Bonus.

2.1 Base Salary.  Commencing on the date hereof,  the Executive  shall receive a
base salary at the annual rate of not less than One Hundred  Fifty  Thousand and
No/100  Dollars  ($150,000.00)  (the  "Base  Salary")  during  the  term of this
Agreement,  with such Base Salary payable in  installments  consistent  with the
Company's normal payroll schedule,  subject to required  applicable  withholding
for taxes.  On January 1st of each  calendar year during the  Employment  Period
(the "Salary  Adjustment  Date")  commencing on January 1, 2000, the Executive's
then Base Salary shall be  increased  by an amount equal to the previous  year's
Base  Salary  multiplied  by ten  percent  (10%),  except that in the event that
Pre-Tax  Consolidated  Net Income  (defined in Section 2.4(c) below) is equal to
zero for the Company's fiscal year immediately  preceding the Salary  Adjustment
Date,  then the Base Salary shall not be increased  pursuant to this sentence on
such Salary  Adjustment  Date. The Base Salary shall also be reviewed,  at least
annually,  for merit  increases and may, by action and in the  discretion of the
Board,  be  increased at any time or from time to time.  The Base Salary,  if so
increased, shall not thereafter be decreased for any reason.

2.2  Incentive  Bonus.  Subject to Section  2.3 below,  the  Executive  shall be
entitled to an incentive bonus for each of the Company's fiscal years during the
Employment  Period (the "Incentive  Bonus"),  commencing with an Incentive Bonus
for the Company's fiscal year ending 1999. The Incentive Bonus shall be equal to
five (5%) percent of the Company's  Pre-Tax  Consolidated Net Income (defined in
Section 2.4(c) below);  provided,  however, that the Executive's Incentive Bonus
for any fiscal year shall not exceed  ninety  (90%)  percent of the  Executive's
Base  Salary for such  fiscal  year.  The Company  shall pay the  Executive  the
Incentive Bonuses due hereunder as soon as reasonably  possible after the end of
the  Company's  fiscal  year,  but in no event later than the 91st day after the
last day of the Company's  fiscal year for which the  Incentive  Bonus is due to
the Executive.  Except as otherwise provided in Section 4. 1, if the Executive's
employment  is  terminated  for cause  pursuant  to Section 4. 1 or by notice of
non-renewal as provided in Section 1. 1, then the Executive shall be entitled to
an  Incentive  Bonus  equal to the total  Incentive  Bonus  that would have been
payable to the Executive for the fiscal year if the  Executive's  employment had
not been terminated, multiplied by the number of days in the fiscal prior to and
including the date of termination and divided by 365.

2.3 Approval of Remuneration.  In the event that the Company shall be a publicly
held within the meaning of Section 162(m) of the Internal  Revenue Code of 1986,
as  amended  (the  "Code")  and  the  Executive  is  a  covered   employee  with
remuneration  (within the meaning of such Code  section)  for the fiscal year of
the  Company  expected  to  exceed  $1,000,000,  then,  to the  extent  that the
incentive  bonus  anticipated  for such  fiscal  year  payable to the  Executive
pursuant to Section 2.2 or any additional performance based compensation payable
to the  Executive  pursuant to Section 2.1 (other than Base Salary and increases
to  Base  Salary  as  provided  in  Section  2.1)   (collectively   "Performance
Compensation")  when added together with the Executive's other remuneration from
the Company for such fiscal year is expected to cause the total  remuneration to
the Executive for such fiscal year to exceed $1,000,000 ("Excess Remuneration"),
the Company  shall  timely cause the  procedures  set forth below to be observed
with respect to such Performance  Compensation  under Section 2.1 first and then
with respect to such Performance  Compensation under Section 2.2 for such fiscal
year in an amount not to exceed to the lesser of (i) the Excess Remuneration for
such fiscal year or (ii) the aggregate Performance  Compensation for such fiscal
year ("Excess Performance Compensation").

(a) The  performance  goals for such Excess  Performance  Compensation  shall be
determined and approved by a compensation committee of the Board of Directors of
the Company which shall be compromised solely of two or more outside directors.

(b) The material terms under which the Excess Performance  Compensation is paid,
including the performance goals, shall be disclosed to shareholders and approved
by a majority of the vote in a separate  shareholder vote before payment of such
Excess Performance Compensation.

(c) Before any payment of such Excess Performance Compensation, the compensation
committee of the Board  referred to in the preceding  Section  2.3(a)  certifies
that the performance goals and any other material terms were in fact satisfied.

The  provisions  of this  Section  2.3 are  intended to comply with and shall be
interpreted in accordance  with the  requirements of Section 162(m) of the Code,
and accordingly,  if the Board and the Company follow the foregoing requirements
and the Excess Performance Compensation shall be disapproved by the Board or the
shareholders  in accordance with said  requirements,  the Executive shall not be
paid the  Excess  Performance  Compensation  for the fiscal  year at issue.  The
compensation  committee of the Board and the  shareholders  may elect to approve
(but not to disapprove) as a plan all Excess Performance  Compensation which may
become payable to the Executive  under this Agreement in the manner  provided in
Sections 2.3(a) and 2.3(b), respectively,  for the entire term of this Agreement
in the initial vote of the compensation  committee  approving this Agreement and
in the  next  shareholders'  meeting  following  such  vote of the  compensation
committee.  In the event that the Executive's  remuneration for such fiscal year
shall not exceed  $1,000,000  or the Company  and/or the Board fails to observe,
take or cause to take any of the foregoing  actions  required under this Section
2.3 in a timely  manner,  then the  Executive  shall be paid the full  amount of
remuneration  anticipated  to  be or  actually  subject  to  this  Section  2.3,
notwithstanding that all or a portion of such remuneration may not be deductible
by the Company under the Code.

2.4 Definitions.  For purpose of this Section 2 the following  definitions shall
apply:

(a) "Gross  Revenue"  shall mean the annual  consolidated  gross revenues of the
Company as reflected on the Company's audited financial statements, increased by
the  gross  revenue  of any  subsidiary,  partnership,  joint-venture  or  other
investment  in which the Company owns fifty  percent  (50%) or greater  capital,
equity and/or income interest and the gross revenue of which is not reflected in
the  Company's  gross  revenues  as shown  on the  Company's  audited  financial
statements.  The Gross Revenue of the Company  hereunder  shall be determined by
the  Company's  independent  Auditors  in  accordance  with  generally  accepted
accounting principles and auditing standards, both applied on a consistent basis
with prior  periods,  except that,  for  purposes of this Section 2.4 only,  the
amount of Gross  Revenues for any fiscal year of the Company  consisting of less
than twelve (12) full and consecutive calendar months shall be annualized on the
basis of a twelve (12) month year.

(b) "Percentage Increase in Gross Revenue" shall mean the percentage increase in
Gross Revenues for the Company's fiscal year ending on or immediately  preceding
the Salary  Adjustment  Date  (defined in Section 2. 1) as compared to the Gross
Revenues for the Company's  second (2nd) fiscal year  immediately  preceding the
Salary Adjustment Date.

(c) "Pre-Tax Consolidated Net Income" shall mean the Company's annual net income
before  extraordinary  items and  income  taxes as  reflected  in the  Company's
audited  financial  statements for the relevant  fiscal period.  For purposes of
this Agreement,  the Company's Pre-Tax  Consolidated Net Income for any complete
fiscal year shall not be less than zero. The Pre-Tax  Consolidated Net Income of
the  Company  hereunder  shall be as  determined  by the  Company's  independent
auditors  in  accordance  with  generally  accepted  accounting  principles  and
auditing  standards,  both  applied on a  consistent  basis with prior  periods,
except  that,  for  purposes  of this  Section  2.4 only,  the amount of Pre-Tax
Consolidated  Net Income for any fiscal year of the Company  consisting  of less
than twelve (12) full and consecutive calendar months shall be annualized on the
basis of a twelve (12) month year.

3.    Other Benefits.

3.1 Expense  Reimbursement.  The Company shall promptly  reimburse the Executive
for all  reasonable  expenses  actually paid or incurred by the Executive in the
course of and pursuant to the Businesses of the Company,  including expenses for
travel and  entertainment.  The Executive  shall  account and submit  reasonably
supporting   documentation  to  the  Company  in  connection  with  any  expense
reimbursement hereunder in accordance with the Company's policies.

3.2 Other Benefits.  During the Employment Period, the Company shall continue in
force all existing  comprehensive  major medical and  hospitalization  insurance
coverages,  including  dental  coverages,  either  group or  individual  for the
Executive  and his  dependents;  shall  continue  in  force  all  existing  life
insurance for the Executive; and shall continue in force all existing disability
insurance for the Executive (collectively,  the "Policies"),  which Policies the
Company  shall keep in effect at its sole  expense  throughout  the term of this
Agreement.  The Executive  and/or the  Executive's  family,  as the case may be,
shall be eligible for  participation in and shall receive all benefits under all
welfare benefit plans, practices,  policies and programs provided by the Company
(including,  without  limitation,  medical,  prescription,  dental,  disability,
salary  continuance,  employee  life,  group life,  accidental  death and travel
accident  insurance  plans and programs) to the extent  applicable  generally to
senior executive officers or other peer executives of the Company. The Executive
shall also be entitled to participate  in all incentive,  savings and retirement
plans, practices, policies and programs and such other perquisites as applicable
generally to senior executive  officers or other peer executives of the Company.
Nothing paid to the Executive under any plan or arrangement  presently in effect
or made available in the future shall be deemed to be in lieu of the Base Salary
payable to the Executive pursuant to this Agreement.

3.3 Working Facilities.  The Company shall furnish the Executive with an office,
a secretary and such other facilities and services  suitable to his position and
adequate for the performance of his duties hereunder.

3.4 Vacation.  The  Executive  shall be entitled to such number of paid vacation
days in each  calendar year as determined by the Board from time to time for its
senior  executive  officers,  but in no event  less  than six (6)  weeks of paid
vacation during each calendar year.  Unused vacation days may be carried forward
from year to year at the option of the Executive.

3.5 Stock Options.  On the date this  Agreement is signed by the Executive,  the
Executive's  trust ( Warren  Hemedinger  Trust)  shall  receive from the Company
options,  dated September 1, 1999, to purchase One Million (1,000,000) shares of
common  stock of the  Company  at an option  exercise  price  equal to Ten cents
($.10) per share. The foregoing  options shall vest as follows:  (a) Two-Hundred
Fifty Thousand  (250,000)  shares shall vest as of September 30th,  1999, (b) an
Two-Hundred  Fifty Thousand  (250,000) shares shall vest on December 31st, 1999,
and (c) the final  Five-Hundred  Thousand  (500,000)  shares shall vest on March
30th, 2000; provided,  however,  that upon the occurrence of a Change in Control
of the Company (as defined in Section 4.5), all options shall  immediately vest.
The foregoing accelerated vesting shall be in addition to all other compensation
and  benefits  provided to the  Executive in the event of a Change in Control of
the Company or otherwise provided under this Agreement.

3.6  Automobile.  The Company shall pay the Executive,  on a monthly basis,  one
hundred  (100%)  percent  of  the  Executive's   monthly  Automobile   Expenses.
"Automobile  Expenses" shall mean all automobile  loan (including  principal and
interest),  automobile lease or similar payments for an automobile designated by
the Executive and all fuel,  insurance,  repairs and  maintenance  expenses with
respect to such automobile.

3.7 Stock  Bonus.  The company  shall  issue to the  executive's  trust  (Warren
Hemedinger Trust) a bonus of Five Million (5,000,000) Shares of Preferred Stock,
restricted under rule 144, upon any future merger, acquisition or stock exchange
agreement.

4.    Termination.

4.1 Termination for Cause.

(a) The Company may terminate  this  Agreement  for Cause (as defined  below) in
strict accordance with the following procedure: Upon a determination by not less
than  three-quarters  (3/4) of the entire membership of the Board that Cause may
exist under  Section  4.1(b)(i) or 4.1(b)(ii)  below,  the Company shall cause a
special meeting of the Board (the "Special Board Meeting") to be called and held
at a time mutually  convenient to the Board and the  Executive,  but in no event
later than ten (10) business days after the Executive's receipt of a copy of the
resolution  of the Board  stating  that (i) in the Board's  good faith  opinion,
Cause may exist to  terminate  the  Executive's  employment  with the Company in
accordance  with this  Agreement;  and (ii)  specifying  the  particulars of the
alleged  conduct giving rise to such Cause in detail.  The Executive  shall have
the right to appear  before the Special  Board Meeting with legal counsel of his
choosing to refute any  determination  of Cause  specified in such  notice.  The
Executive  shall  also  have  the  right  to  have a  recorded  or  stenographic
transcription  made  of  the  Special  Board  Meeting.  Any  termination  of the
Executive's  employment  by  reason  of such  Cause  determination  shall not be
effective  unless and until (i) the  Executive is afforded such  opportunity  to
appear  before  the Board as  provided  herein  and (ii)  there  shall have been
delivered  to  the  Executive  a  copy  of a  resolution,  duly  adopted  by the
affirmative vote of not less than three-quarters  (3/4) of the entire membership
of the Board, adopting the Board's final determination,  after the appearance of
the Executive as provided herein,  stating that in the good faith opinion of the
Board,  the Board  finds Cause for the  termination  of this  Agreement  and the
Executive's  employment  with the Company and specifying the particulars of acts
or omissions upon which the Company is relying for such termination.

(b) As used in this Agreement, the term "Cause" shall only mean:

(i) A material  breach by the  Executive of the  Executive's  obligations  under
Section  1.2 hereof  (other  than as a result of  incapacity  due to physical or
mental  illness)  which  is  (a)  demonstrably  willful  and  deliberate  on the
Executive's part; and (b) which is committed in bad faith and without reasonable
belief that such breach is in the best  interests of the Company;  and (c) which
is not remedied in a reasonable  period of time after receipt of written  notice
from the Company specifying such breach; or

(ii) The conviction of the Executive of a felony based upon a violent crime or a
sexual crime involving baseness, vileness or depravity.

(iii) The Termination Date for a termination of this Agreement  pursuant to this
Section 4.1 shall be the date specified by the Board in the  resolution  finding
Cause,  which  date  shall  not be  earlier  than 30 days  after the date of the
Special Board Meeting.

(c) Upon any  termination  of this  Agreement  pursuant to this Section 4.1, the
Executive shall be entitled to the compensation specified in Section 5.1 hereof.

4.2 Disability. The Company may terminate this Agreement upon the Disability (as
defined  below)  of  the  Employee  in  strict  accordance  with  the  following
procedure: Upon a good faith determination by not less than three-quarters (3/4)
of the  entire  membership  of the  Board  that the  Executive  has  suffered  a
Disability, the Company shall give the Executive written notice of its intention
to  terminate  this  Agreement  due to  such  Disability.  In  such  event,  the
Executive's  employment with the Company shall  terminate  effective on the 30th
day after receipt of such notice by the  Executive  (the  "Disability  Effective
Date"),  provided  that,  within the 30 days after such  receipt,  the Executive
shall not have returned to full-time  performance of the Executive's duties. For
purposes of this Agreement, "Disability" shall mean the absence of the Executive
from the  Executive's  duties  with the  Company  on a  full-time  basis for 120
consecutive  calendar days as a result of  incapacity  due to mental or physical
illness which is determined to be total and permanent by a physician selected by
the Company or its insurers and  acceptable to the Executive or the  Executive's
legal  representative  (such  agreement as to  acceptability  not to be withheld
unreasonably). The Termination Date for a termination of this Agreement pursuant
to this Section 4.2 shall be the date  specified by the Board in the  resolution
finding that the Executive has suffered a Disability,  which date may not be any
earlier than 30 days after the date of Board's finding.  Upon any termination of
this Agreement  pursuant to this Section 4.2, the Executive shall be entitled to
the compensation specified in Section 5.2 hereof.

4.3 Death.  This Agreement shall terminate  automatically  upon the death of the
Executive,  without any  requirement of notice by the Company to the Executive's
estate.  The date of the Executive's  death shall be the Termination  Date for a
termination of this Agreement pursuant to this Section 4.3. Upon any termination
of this Agreement  pursuant to this Section 4.3, the Executive shall be entitled
to the compensation specified in Section 5.3 hereof.

4.4  Termination  by the  Executive  for Good Reason or by the Company,  Without
Cause.  The Executive may terminate his employment under this Agreement for Good
Reason (defined below),  or the Company may terminate such  employment,  without
cause,  as provided  in this  Section  4.4.  "Good  Reason"  shall mean that the
Company  (through its Board or otherwise) has (i) assigned the Executive  duties
other than those  contemplated  by Section  1.2 above  without  the  Executive's
consent; (ii) limited the powers of the Executive in any manner not contemplated
by Section 1.2 above;  or (iii)  materially  breached any of its other covenants
and  obligations  hereunder.  A purported  termination  of this Agreement by the
Company  pursuant to any provision of this Section 4 which is disputed and which
is finally  determined not to have been proper shall be deemed a material breach
by the  Company  of this  Agreement.  To  terminate  his  employment  under this
Agreement for Good Reason,  the Executive  shall give the Company written notice
of the Executive's  intent to terminate his employment with the Company pursuant
to this Section 4.4, which notice shall specify the Executive's reasons therefor
in detail.  The  Company  shall have 30 days from its  receipt of such notice to
attempt to cure any such condition giving rise to Good Reason hereunder. If such
cure is  acceptable  to the  Executive,  the  Executive may accept such cure and
continue  this  Agreement  in full force and effect as if the initial  notice of
termination  under  this  Section  4.4  had not  been  given  by the  Executive;
provided,  however,  that  acceptance of such cure and the  continuation  of the
Executive's  employment shall not act as a waiver of any rights of the Executive
with  respect to such  actions or  inactions  of the  Company  and/or  limit the
Executive's  right to terminate this Agreement for the same or similar action or
inaction by the Company  following  such cure. If the Executive  does not accept
such cure, the  Termination  Date of this Agreement  shall be the 30th day after
the Company's  receipt of the Executive's  termination  notice. To terminate the
Executive's  employment  without cause in accordance  with this Section 4.4, the
Company  shall  give the  Executive  written  notice  of such  termination.  The
Termination Date shall be the date specified by the Company in such notice. Upon
any  termination of this  Agreement  pursuant to this Section 4.4, the Executive
shall be entitled to the  compensation  specified in Section 5.4 hereof,  except
that if such termination by the Company occurs within a period beginning six (6)
months  before and ending one (1) year after a Change in Control of the  Company
(defined in Section 4.5 below),  then such termination shall be deemed to be due
to a Change in Control of the Company and the Executive shall be entitled to the
compensation  specified  in Section  5.5 hereof and any other  compensation  and
benefits  provided in this  Agreement in connection  with a Change in Control of
the Company.

4.5  Termination by the Executive  Upon a Change in Control of the Company.  The
Executive may terminate his  employment  under this  Agreement  upon a Change in
Control of the Company.  For purposes of this Section 4.5, "Change in Control of
the Company" shall mean (i) the  acquisition by a person or an entity or a group
of persons and  entities,  directly  or  indirectly,  of more than thirty  (30%)
percent of the  Company's  common stock in a single  transaction  or a series of
transactions  (hereinafter  referred  to as a "30% Change in  Control");  (ii) a
merger or other form of  corporate  reorganization  resulting in an actual or de
facto 30 % Change in  Control;  or (iii) the  failure  of  Applicable  Directors
(defined  below)  to  constitute  a  majority  of the Board  during  any two (2)
consecutive  year  period  after  the  date of  this  Agreement  (the  "Two-Year
Period"). "Applicable Directors" shall mean those individuals who are members of
the Board at the  inception  of a  Two-Year  Period and any new  director  whose
election  to the Board or  nomination  for  election  to the Board was  approved
(prior to any vote thereon by the shareholders) by a vote of at least two-thirds
(2/3) of the  directors  then still in office who either were  directors  at the
beginning of the Two-Year  Period at issue or whose  election or nomination  for
election during such Two-Year Period was previously approved as provided in this
sentence.  To terminate his  employment  under this  Agreement  upon a Change in
Control of the Company, the Executive shall give the Company written termination
notice.  The Termination Date shall be the date specified in such notice,  which
date may not be earlier  than 30 days nor later  than 90 day from the  Company's
receipt of such notice.  Upon any termination of this Agreement pursuant to this
Section 4.5, the Executive  shall be entitled to the  compensation  specified in
Section  5.5 hereof and any other  compensation  and  benefits  provided in this
Agreement in connection with a Change in Control of the Company.

4.6 Termination by the Executive Due to Poor Health. The Executive may terminate
his  employment  under this  Agreement upon written notice to the Company if the
Executive's health should become impaired to any extent that makes the continued
performance  of the  Executive's  duties under this  Agreement  hazardous to the
Executive's  physical or mental health or his life  (regardless  of whether such
condition  would  be  deemed  a  Disability  under  any  other  section  of this
Agreement),  provided that the Executive shall have furnished the Company with a
written  statement from a qualified  doctor to that effect and provided  further
that, at the Company's  written request and expense,  the Executive shall submit
to a medical  examination  by a  qualified  doctor  selected  by the Company and
acceptable  to  the  Executive  (which  acceptance  shall  not  be  unreasonably
withheld)  which doctor shall  substantially  concur with the conclusions of the
Executive's  doctor.  The  Termination  Date  shall  the date  specified  in the
Executive's  notice to the  Company,  which date may not be earlier than 30 days
nor  later  than 90 day from the  Company's  receipt  of such  notice.  Upon any
termination of this Agreement  pursuant to this Section 4.6, the Executive shall
be entitled to the compensation specified in Section 5.6 hereof.

4.7  Non-renewal.  In the event that either party to this  Agreement  shall give
notice to the other party that this Agreement will not be renewed as provided in
Section 1.1 hereof, then this Agreement shall terminate at the end of such final
term of this Agreement. The last day of such final term shall be the Termination
Date for a  termination  pursuant to this Section 4.7. Upon any  termination  of
this Agreement  pursuant to this Section 4.7, the Executive shall be entitled to
the compensation specified in Section 5.7.

4.8  Termination  by the  Executive.  The Executive may terminate his employment
under this Agreement for any reason  whatsoever upon not less than 30 days prior
written  notice to the Company.  In the event that  reference to the  applicable
termination  section of this Agreement is not made in the Executive's  notice of
termination to the Company and the reason for the Executive's termination can be
construed to occur under this Section 4.8 or any of Sections  4.2, 4.4, 4.5, 4.6
or 4.7 above,  then the Executive  shall have the right to specify which section
of this Section 4 shall  control.  The  Termination  Date under this Section 4.8
shall be the date specified in the Executive's notice to the Company, which date
may not be earlier than 30 days from the Company's receipt of such notice.  Upon
any  termination of this  Agreement  pursuant to this Section 4.8, the Executive
shall be entitled to the compensation specified in Section 5.7 hereof.

5.    Compensation and Benefits Upon Termination.

5.1 Cause.  If the Executive's  employment is terminated for Cause,  the Company
shall pay the  Executive  his full Base  Salary  through  the  Termination  Date
specified in Section 4.1 at the rate in effect at the Termination  Date, and the
Company shall have no further obligation to the Executive under this Agreement.

5.2  Disability.  During any period that the  Executive is unable to perform his
duties under this  Agreement as a result of incapacity due to physical or mental
illness,  the Executive shall continue to receive his full Base Salary until the
Termination Date specified in Section 4.2. After such termination, the Executive
shall receive in equal monthly  installments 100% of his Base Salary at the rate
in effect at the Termination Date for one year and thereafter for two additional
years at an annual rate equal to 50% of the Base Salary which would have been in
effect under this Agreement reduced,  in each case, for any disability  payments
otherwise payable by or pursuant to plans provided by the Company.

5.3 Death.  Upon the  Executive's  death,  the  Company  shall pay to the person
designated  by the Executive in a notice filed with the Company or, if no person
is  designated,  to his  estate (i) any  unpaid  amounts of his Base  Salary and
accrued vacation to the date of the Executive's death; and (ii) any payments the
Executive's spouse,  beneficiaries or estate may be entitled to receive pursuant
to any pension or employee benefit plan or life insurance policy or similar plan
or policy  then  maintained  by the  Company.  Upon full  payment of all amounts
required to be paid under this Section  5.3,  the Company  shall have no further
obligation under this Agreement.

5.4  Termination by the Executive for Good Reason.  If the Executive  terminates
this  Agreement  for Good  Reason  or the  Company  terminates  the  Executive's
employment without cause in accordance with and subject to Section 4.4, then (i)
the Company shall pay the Executive his full Base Salary through the Termination
Date  specified in Section 4.4 at the rate in effect at such  Termination  Date;
and (ii) in lieu of any further  salary  payments to the  Executive  for periods
subsequent to the  Termination  Date and in  consideration  of the rights of the
Company under Section 8, the Company shall pay as severance pay to the Executive
on the fifth day following the Termination  Date, a lump sum amount equal to two
hundred  (200%)  percent of the sum of (a) the annual Base Salary at the highest
rate in effect during the 12 months immediately  preceding the Termination Date;
plus (b) the average of the three annual bonus payments paid with respect to the
preceding three years under this Agreement (or the number of years the Executive
has been  employed  with the Company  under this  Agreement or otherwise if less
than three  years).  In  addition,  the  Company  shall pay,  upon demand by the
Executive,  all other damages to which the Executive may be entitled as a result
of the Company's  termination of his employment under this Agreement,  including
all  reasonable  legal  fees  and  expenses  incurred  by him in  contesting  or
disputing any such  termination  or in seeking to obtain or enforce any right or
benefit under this Agreement;  provided,  however, that the Executive shall only
be entitled to such legal fees and  expenses  if the  Executive  prevails in any
arbitration or other proceeding  contesting or disputing any such termination or
seeking to obtain or enforce any right or benefit under this Agreement or enters
into a settlement of any of the foregoing with the Company.

5.5  Termination  by the  Executive  Upon a Change in Control.  If the Executive
terminates  this Agreement  upon a Change in Control of the Company  pursuant to
Section 4.5 or the Company  terminates the Executive's  employment in accordance
with Section 4.4 during a period  beginning six (6) months before and ending one
(1) year after a Change in Control of the Company (defined in Section 4.5), then
(i) the  Company  shall pay the  Executive  his full  Base  Salary  through  the
Termination  Date  specified in Section 4.5 or Section 4.4 , as the case may be,
at the rate in effect at such Termination Date; (ii) the Executive shall receive
all other  compensation  and benefits  provided in this  Agreement in connection
with a termination of employment due to a Change in Control of the Company;  and
(iii) in lieu of any  further  salary  payments  to the  Executive  for  periods
subsequent  to such  Termination  Date (but without  affecting  compensation  or
benefits to the  Executive in accordance  with the  preceding  clauses 5.50) and
5.500) and in  consideration  of the rights of the Company  under Section 8, the
Company  shall pay as severance  pay to the Executive on the fifth day following
the Termination Date, a lump sum amount equal to two hundred and ninety nine and
99/100  (299.99%)  percent of the average taxable  compensation of the Executive
for the 5 taxable years prior to such  termination (all as determined to compute
the "base  amount" for purposes of Section 280G of the Internal  Revenue Code of
1986, as amended (the  "Code")),  reduced,  but not below zero, by the amount of
compensation or benefits from the Company to the Executive which would cause the
severance  pay  payable  pursuant  to this  Section  5.5 to  exceed  the  excess
parachute payment limitation imposed under Section 280G of the Code.

5.6 Termination by the Executive Due to Poor Health. If the Executive terminates
this  Agreement  pursuant to Section 4.6  hereof,  the Company  shall pay to the
Executive  any unpaid  amounts of his Base  Salary and  accrued  vacation to the
Termination Date specified in Section 4.6 plus any disability payments otherwise
payable by or pursuant to plans provided by the Company.

5.7 Non-renewal or other termination.  If this Agreement  terminates pursuant to
Section 4.7 or Section 4.8 hereof,  the Company  shall pay to the  Executive any
unpaid amounts of his Base Salary and accrued  vacation to the Termination  Date
specified in Section 4.7 or Section 4.8, as the case may be.

5.8  Health  and  Medical  Plans.   The  Executive  shall  be  entitled  to  all
continuation of health, medical,  hospitalization and other programs as provided
by any  applicable  law and such  additional  benefits  as are  provided  by the
Company to its employees upon termination of employment with the Company.

5.9  Mitigation.  The Executive  shall not be required to mitigate the amount of
any  payment  provided  for in this  Section 5 by seeking  other  employment  or
otherwise, nor shall the amount of any payment provided for in this Section 5 be
reduced by any compensation  earned by the Executive as the result of employment
by another employer after the Termination Date.

5.10 Incentive Bonus and Expense  Reimbursement.  If the Executive's  employment
with the  Company is  terminated  for any reason,  other than Cause  (defined in
Section 4.l(b) above),  the Executive shall be paid, solely in consideration for
services rendered by the Executive prior to such termination, an incentive bonus
with respect to the Company's  fiscal year in which the Termination Date occurs,
in  accordance  with  Section 2.2  hereof.  The  Executive  shall be entitled to
reimbursement for reasonable business expenses incurred prior to the Termination
Date, subject, however to the provisions of Section 3.1.

5.11 Loans.  Except as otherwise  provided in this  Agreement,  the  outstanding
balance  as of the  Termination  Date of any  demand  loan or  advance  from the
Company to the Executive  which has no set term or maturity shall be paid by the
Executive  to the  Company,  with  interest at the lowest rate  permissible  for
federal income tax purposes,  in sixty equal and successive monthly installments
of principal and interest  beginning on the first day of the month following the
Termination Date.

6.    Successors; Binding Agreement.

6.1  Successors.  The Company  shall require any  successor  (whether  direct or
indirect, by purchase, merger,  consolidation or otherwise) acquiring a majority
of  the  Company's  voting  common  stock  or  any  other  successor  to  all or
substantially  all of the  business  and/or  assets of the Company to  expressly
assume and agree to perform  this  Agreement  in the same manner and to the same
extent  that the Company  would be required to perform it if no such  succession
had taken  place.  Such  agreement  shall be  confirmed in a writing in form and
substance  satisfactory  to the  Executive.  Failure of the Company to obtain an
assumption of this Agreement prior to or  simultaneously  with the effectiveness
of any such succession shall be a breach of this Agreement and shall entitle the
Executive  to  compensation  from the Company in the same amount and on the same
terms as he would be  entitled  to under this  Agreement  if the  Executive  had
terminated his employment for Good Reason,  except for purposes of  implementing
the foregoing,  the date on which any such succession becomes effective shall be
deemed the Termination Date. As used in this Agreement, "Company" shall mean the
Company as previously  defined and any  successor to its business  and/or assets
which  executes  and delivers  the  agreement  provided for in this Section 6 or
which otherwise  becomes bound by all the terms and provisions of this Agreement
by operation of law.

6.2 Benefit. This Agreement and all rights of the Executive under this Agreement
shall inure to the benefit of and be enforceable by the Executive's  personal or
legal   representatives,    executors,   administrators,    successors,   heirs,
distributees,  devisees  and  legatees.  If the  Executive  should die while any
amounts  would  still be  payable  to him under this  Agreement,  including  all
payments  payable under Section 5, if he had continued to live, all such amounts
shall be paid in accordance  with the terms of this Agreement to the Executive's
devisee,  legatee,  or other  designee  or,  if there is no such  designee,  the
Executive's estate.

7. Conflicts With Prior  Employment  Contract.  Except as otherwise  provided in
this  Agreement,  this  Agreement  constitutes  the entire  agreement  among the
parties  pertaining to the subject matter hereof, and supersedes and revokes any
and all prior or existing  agreements,  written or oral, relating to the subject
matter hereof,  and this Agreement shall be solely  determinative of the subject
matter hereof.

8.    Noncompetition; Unauthorized Disclosure; Injunctive Relief.

8.1 No Material  Competition.  Except with respect to services  performed  under
this Agreement on behalf of the Company,  and subject to the  obligations of the
Executive  as an officer of the Company and the  employment  obligations  of the
Executive under this Agreement,  the Executive agrees that at no time during the
Employment  Period  or,  for a period  of one  year  immediately  following  any
termination  of this  Agreement for any reason,  for himself or on behalf of any
other person, persons, firm, partnership, corporation or company:

(a)  Solicit  or  accept  business  from any  customers  of the  Company  or its
affiliates,  from any  prospective  customers  whose business the Company or any
affiliate  of the  Company is in the  process of  soliciting  at the time of the
Executive's  termination,  or from any  former  customer  which  had been  doing
business with the Company within one year prior to the Executive's termination;

(b) Solicit any  employee of the Company or its  affiliates  to  terminate  such
employee's employment with the Company; or

(c)  Engage  in any  business  of the  type  performed  by  the  Company  in the
geographical  are where the Company is  actively  doing  business or  soliciting
business if, within 30 days of the Executive  advising the Company in writing of
his proposed  business  activity,  the Board  determines in good faith that such
proposed business  activity is directly  competitive with a material part of the
business  of the  Company  and its  subsidiaries  (in the  aggregate)  and  such
competitive  business  activity is reasonably  likely to materially affect in an
adverse manner the  consolidated  sales,  profits or financial  condition of the
Company.  If the Board fails to advise the Executive within said thirty (30) day
period,  then the Board  shall be deemed to have  consented  to the  Executive's
engaging in such activity.

8.2  Unauthorized  Disclosure.  During the  Employment  Period and for two years
following the termination of this Agreement for any reason,  the Executive shall
not,  without the  written  consent of the Board or a person  authorized  by the
Board or as may  otherwise  be required by law or court  order,  disclose to any
person,  other than an employee of the Company or person to whom  disclosure  is
reasonably  necessary or appropriate in connection  with the  performance by the
Executive  of  his  duties  as  an  executive  of  the  Company,   any  material
confidential information obtained by him while in the employ of the Company with
respect  to  any of  the  company's  customer,  suppliers,  creditors,  lenders,
investments  bankers  or  methods  of  marketing,  the  disclosure  of which the
Executive  knows will materially  damage the Company;  provided,  however,  that
confidential  information  shall not include any information  generally known to
the public (other than as a result of unauthorized  disclosure by the Executive)
or any  information of a type not otherwise  considered  confidential by persons
engaged in the same  business  or a business  similar to that  conducted  by the
Company.  For the period ending one year following the termination of employment
under this  Agreement for any reason,  the Executive  shall not  disclosure  any
confidential information of the type described above except as determined by him
to be reasonably  necessary in connection with any business or activity in which
he is then engaged or as otherwise required by law or court order.

8.3 Injunction.  The Company and the Executive  acknowledge that a breach by the
Executive  of any  of the  covenants  contained  in  this  Section  8 may  cause
irreparable  harm or damage to the  Company or its  subsidiaries,  the  monetary
amount of which may be  virtually  impossible  to  ascertain.  As a result,  the
Executive  agrees that the Company shall be entitled to an injunction  issued by
any court of competent  jurisdiction enjoining and restraining all violations of
this  Section 8 by the  Executive  or his  associates,  affiliates,  partners or
agents,  and that the right to an injunction shall be cumulative and in addition
to all other remedies the Company may possess.

8.4  Certain  Provisions.  The  limitations  of this  Section 8 shall  terminate
immediately  upon  termination  of this  Agreement if for any reason the Company
does not  fulfill  its  obligations  as  required  by  Sections  4 and 5 of this
Agreement;  provided,  however,  such termination shall not affect the rights of
the Executive to receive all payments he is entitled to receive under Section 5.
The  provisions  of this Section 8 shall apply during the time the  Executive is
receiving  Disability  payments from the Company as a result of a termination of
this Agreement pursuant to Section 4.2 hereof.

9.  Arbitration.  Any dispute or controversy  (except for disputes arising under
Section 8) arising under or in connection  with this Agreement  shall be settled
exclusively  by  arbitration  in  accordance  with  the  rules  of the  American
Arbitration Association then in effect (except to the extent that the procedures
outlined  below differ from such rules).  Within 7 days after receipt of written
notice from either party that a dispute exists and that arbitration is required,
both parties must within 7 business days agree on an acceptable  arbitrator.  If
the parties cannot agree on an arbitrator,  then the parties shall list the "Big
Six" accounting firms (other than the Company's  auditors) in alphabetical order
and the first firm that does not have a conflict of  interest  and is willing to
serve  will  be  selected  as  the  arbitrator.  The  parties  agree  to  act as
expeditiously as possible to select an arbitrator and conclude the dispute.  The
arbitrator  must  render his  decision  in writing  within 30 days of his or its
appointment.  The cost and expenses of the  arbitration  and of legal counsel to
the  prevailing  party  shall be borne by the  non-prevailing  party,  except as
otherwise  provided in  Sections  3.7 and 5.4  hereof.  Each party will  advance
one-half of the estimated fees and expenses of the  arbitrator.  Judgment may be
entered on the  arbitrator's  award in any court having  jurisdiction;  provided
that the Company shall be entitled to seek a restraining  order or injunction in
any court of competent jurisdiction to prevent any continuation of any violation
of Section 8 hereof.

10.  Governing  Law.  This  Agreement  shall be  governed  by and  construed  in
accordance  with the laws of the State of Florida without regard to its conflict
of laws  principles  to the  extent  that  such  principles  would  require  the
application of laws other than the laws of the State of Florida.

11.  Notices.  Any notice required or permitted to be given under this Agreement
shall be in writing  and shall be deemed to have been given  when  delivered  by
hand or when  deposited  in the United  States mail by  registered  or certified
mail, return receipt requested, postage prepaid, addressed as follows:

       If to the Company:                             If to the Executive:

       Orex Gold Mines Corp.                    Warren Hemedinger
       2121 Ponce de Leon Blvd. #510            410 Catalonia Ave
       Coral Gables, Florida 33134              Coral Gables, Florida 33134

or to such other  addresses  as either  party  hereto may from time to time give
notice of to the other in the aforesaid manner.

12.  Benefits:  Binding  Effect.  This Agreement shall be for the benefit of and
binding  upon  the  parties  hereto  and  their   respective   heirs,   personal
representatives,  legal  representatives,   successors  and,  where  applicable,
assigns.  Notwithstanding the foregoing,  neither party may assign its rights or
benefits hereunder without the prior written consent of the other party hereto.

13.  Severability.  The  invalidity  of any one or more of the  words,  phrases,
sentences,  clauses or sections contained in this Agreement shall not affect the
enforceability of the remaining  portions of this Agreement or any part thereof,
all of which are inserted conditionally on their being valid in law, and, in the
event that any one or more of the words, phrases, sentences, clauses or sections
contained in this Agreement shall be declared  invalid,  this Agreement shall be
construed  as if such  invalid  word or words,  phrase or  phrases,  sentence or
sentences,  clause or clauses, or section or sections had not been inserted.  If
such  invalidity  is  caused by  length  of time or size of area,  or both,  the
otherwise invalid provision will be considered to be reduced to a period or area
which would cure such invalidity.

14.  Waivers.  The waiver by either party hereto of a breach or violation of any
term or  provision  of this  Agreement  shall not operate nor be  construed as a
waiver of any subsequent breach or violation.

15. Damages.  Nothing contained herein shall be construed to prevent the Company
or the Executive from seeking and recovering from the other damages sustained by
either or both of them as a result of its or his breach of any term or provision
of this  Agreement.  In the event that either party  hereto  brings suit for the
collection  of any  damages  resulting  from,  or the  injunction  of any action
constituting, a breach of any of the terms or provisions of this Agreement, then
the  party  found  to be at fault  shall  pay all  reasonable  court  costs  and
attorneys'  fees of the other,  whether  such costs and fees are  incurred  in a
court of original jurisdiction or one or more courts of appellate jurisdiction.

16. No Third Party  Beneficiary.  Nothing expressed or implied in this Agreement
is intended,  or shall be  construed,  to confer upon or give any person  (other
than the parties hereto and, in the case of the Executive,  his heirs,  personal
representative(s)  and/or legal  representative) any rights or remedies under or
by  reason  of  this  Agreement.  No  agreements  or  representations,  oral  or
otherwise,  express or implied,  have been made by either  party with respect to
the subject matter of this agreement which agreements or representations are not
set forth expressly in this Agreement,  and this Agreement  supersedes any other
employment agreement between the Company and the Executive.

17.  Board  Approval;  Agreement.  The Company  warrants and  represents  to the
Executive that this Agreement has been approved and authorized by the Board.  No
provisions of this Agreement may be modified,  waived or discharged  unless such
waiver  modification  or  discharge  is  agreed  to in a  writing  signed by the
Executive and the officer of the Company which is specifically designated by the
Board.

      IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the
date first above written.

                                    OREX GOLD MINES CORPORATION, a
                                    Delaware corporation

                                    By:
                                    Name:   Greg Finney
                                    Title: Vice-President/Secretary

                                    WARREN HEMEDINGER

\53683\010\80EMPAGT.001EMPLOYMENT AGREEMENT

       THIS EMPLOYMENT  AGREEMENT  ("Agreement")  is made and entered into as of
the 7th day of July, 1999 by and between OREX GOLD MINES CORPORATION, a Delaware
corporation   (the   "Company"),   and  GREGORY   FINNEY,   an  individual  (the
"Executive").

                             Preliminary Statements

       A.   The  Company is  presently  engaged in the  business of owning and
operating within the state of Florida and other businesses (the "Businesses");

       B. The  Executive  has had many  years of  experience  in the  affairs of
business  organizations;  and  is  currently   Vice-President/Secretary  of  the
Company; and

       C. The Company is desirous of continuing  the employment of the Executive
and benefiting from his contributions to the Company.

                                    Agreement

       NOW, THEREFORE, in consideration of the premises and mutual covenants set
forth herein, the parties agree as follows:

1.    Employment.

1.1  Employment  and Term.  The Company  hereby agrees to continue to employ the
Executive and the Executive  hereby agrees to continue to serve the Company,  on
the  terms  and  conditions  set  forth  herein,  for a period  of two (2) years
commencing on the date hereof and expiring on the first anniversary  hereof (the
"Initial  Term") unless sooner  terminated as hereinafter  set forth;  provided,
however,  that commencing on the first and each  anniversary of the date of this
Agreement,  the Initial Term of this Agreement shall  automatically  be extended
for one additional year unless at least ninety (90) days prior to such date, the
Company  shall have  delivered  to the  Executive  or the  Executive  shall have
delivered  to the  Company  written  notice  that  the  term of the  Executive's
employment hereunder will not be extended.  (The Initial Term and any extensions
shall be hereinafter referred to as the "Employment Period").

1.2 Duties of the Executive.  During the Employment  Period, the Executive shall
serve as  Vice-President/Secretary  of the  Company  and shall  have  powers and
authority deemed appropriate for that position.  The Executive shall be required
to report solely to the President and shall be subject solely to the supervision
and direction of, the Board at duly called meetings  thereof and no other person
or group shall be given  authority to  supervise or direct the  Executive in the
performance  of his duties.  During the  Employment  Period,  and  excluding any
periods of  vacation  and sick leave to which the  Executive  is  entitled,  the
Executive agrees to devote  substantially all of his attention and business time
during normal  business hours to the business and affairs of the Company and, to
the extent necessary to discharge the responsibilities assigned to the Executive
hereunder as a senior executive officer involved with the general  management of
the  Company,  to  use  the  Executive's  reasonable  best  efforts  to  perform
faithfully and efficiently such  responsibilities.  During the Employment Period
it shall not be a violation of this  Agreement for the Executive to (i) serve on
corporate,  civic or charitable  boards or  committees;  (ii) deliver  lectures,
fulfill  speaking  engagements  or teach at educational  institutions;  or (iii)
manage personal investments and engage in other business activities,  so long as
such  activities do not  significantly  interfere  with the  performance  of the
Executive's  responsibilities  as an employee of the Company in accordance  with
this  Agreement.  It is expressly  understood and agreed that to the extent that
any such  activities  have been  conducted  by the  Executive  prior to the date
hereof,  the continued  conduct of such activities (or the conduct of activities
similar in nature and scope  thereto)  subsequent  to the date hereof  shall not
thereafter  be deemed  to  interfere  with the  performance  of the  Executive's
responsibilities to the Company.

1.3  Place of  Performance.  The  Executive  shall  be  based  at the  Company's
principal executive offices located in Miami-Dade,  Florida, except for required
travel  relating  to  the  Company's   Businesses  to  an  extent  substantially
consistent with the Executive's present travel obligations.

2.    Base Compensation .

2.1 Base Salary.  Commencing on the date hereof,  the Executive  shall receive a
base  salary at the  annual  rate of not less than  Fifty  Thousand  and  No/100
Dollars ($50,000.00) (the "Base Salary") during the term of this Agreement, with
such Base Salary payable in installments  consistent  with the Company's  normal
payroll  schedule,  subject to required  applicable  withholding  for taxes.  On
January 1st of each  calendar  year during the  Employment  Period (the  "Salary
Adjustment  Date")  commencing  on January 1, 2000,  the  Executive's  then Base
Salary shall be increased by an amount equal to the previous  year's Base Salary
multiplied  by ten  percent  (10%),  except  that  in  the  event  that  Pre-Tax
Consolidated  Net Income  (defined in Section 2.4(c) below) is equal to zero for
the Company's fiscal year immediately preceding the Salary Adjustment Date, then
the Base Salary shall not be increased  pursuant to this sentence on such Salary
Adjustment Date. The Base Salary shall also be reviewed, at least annually,  for
merit  increases  and may,  by action and in the  discretion  of the  Board,  be
increased at any time or from time to time.  The Base Salary,  if so  increased,
shall not thereafter be decreased for any reason.

3.    Other Benefits.

3.1 Expense  Reimbursement.  The Company shall promptly  reimburse the Executive
for all  reasonable  expenses  actually paid or incurred by the Executive in the
course of and pursuant to the Businesses of the Company,  including expenses for
travel and  entertainment.  The Executive  shall  account and submit  reasonably
supporting   documentation  to  the  Company  in  connection  with  any  expense
reimbursement hereunder in accordance with the Company's policies.

3.2 Other Benefits.  During the Employment Period, the Company shall continue in
force all existing  comprehensive  major medical and  hospitalization  insurance
coverages,  including  dental  coverages,  either  group or  individual  for the
Executive  and his  dependents;  shall  continue  in  force  all  existing  life
insurance for the Executive; and shall continue in force all existing disability
insurance for the Executive (collectively,  the "Policies"),  which Policies the
Company  shall keep in effect at its sole  expense  throughout  the term of this
Agreement.  The Executive  and/or the  Executive's  family,  as the case may be,
shall be eligible for  participation in and shall receive all benefits under all
welfare benefit plans, practices,  policies and programs provided by the Company
(including,  without  limitation,  medical,  prescription,  dental,  disability,
salary  continuance,  employee  life,  group life,  accidental  death and travel
accident  insurance  plans and programs) to the extent  applicable  generally to
senior executive officers or other peer executives of the Company. The Executive
shall also be entitled to participate  in all incentive,  savings and retirement
plans, practices, policies and programs and such other perquisites as applicable
generally to senior executive  officers or other peer executives of the Company.
Nothing paid to the Executive under any plan or arrangement  presently in effect
or made available in the future shall be deemed to be in lieu of the Base Salary
payable to the Executive pursuant to this Agreement.

3.3 Working Facilities.  The Company shall furnish the Executive with an office,
a secretary and such other facilities and services  suitable to his position and
adequate for the performance of his duties hereunder.

3.4 Vacation.  The  Executive  shall be entitled to such number of paid vacation
days in each  calendar year as determined by the Board from time to time for its
senior  executive  officers,  but in no event  less  than four (4) weeks of paid
vacation during each calendar year.  Unused vacation days may be carried forward
from year to year at the option of the Executive.

3.5 Stock Bonus. The company shall issue to the executive a bonus of One Million
(1,000,000)  Shares of Common Stock,  restricted under rule 144, upon any future
merger, acquisition or stock exchange agreement.

4.    Termination.

4.1 Termination for Cause.

(a) The Company may terminate  this  Agreement  for Cause (as defined  below) in
strict accordance with the following procedure: Upon a determination by not less
than  three-quarters  (3/4) of the entire membership of the Board that Cause may
exist under  Section  4.1(b)(i) or 4.1(b)(ii)  below,  the Company shall cause a
special meeting of the Board (the "Special Board Meeting") to be called and held
at a time mutually  convenient to the Board and the  Executive,  but in no event
later than ten (10) business days after the Executive's receipt of a copy of the
resolution  of the Board  stating  that (i) in the Board's  good faith  opinion,
Cause may exist to  terminate  the  Executive's  employment  with the Company in
accordance  with this  Agreement;  and (ii)  specifying  the  particulars of the
alleged  conduct giving rise to such Cause in detail.  The Executive  shall have
the right to appear  before the Special  Board Meeting with legal counsel of his
choosing to refute any  determination  of Cause  specified in such  notice.  The
Executive  shall  also  have  the  right  to  have a  recorded  or  stenographic
transcription  made  of  the  Special  Board  Meeting.  Any  termination  of the
Executive's  employment  by  reason  of such  Cause  determination  shall not be
effective  unless and until (i) the  Executive is afforded such  opportunity  to
appear  before  the Board as  provided  herein  and (ii)  there  shall have been
delivered  to  the  Executive  a  copy  of a  resolution,  duly  adopted  by the
affirmative vote of not less than three-quarters  (3/4) of the entire membership
of the Board, adopting the Board's final determination,  after the appearance of
the Executive as provided herein,  stating that in the good faith opinion of the
Board,  the Board  finds Cause for the  termination  of this  Agreement  and the
Executive's  employment  with the Company and specifying the particulars of acts
or omissions upon which the Company is relying for such termination.

(b) As used in this Agreement, the term "Cause" shall only mean:

(i) A material  breach by the  Executive of the  Executive's  obligations  under
Section  1.2 hereof  (other  than as a result of  incapacity  due to physical or
mental  illness)  which  is  (a)  demonstrably  willful  and  deliberate  on the
Executive's part; and (b) which is committed in bad faith and without reasonable
belief that such breach is in the best  interests of the Company;  and (c) which
is not remedied in a reasonable  period of time after receipt of written  notice
from the Company specifying such breach; or

(ii) The conviction of the Executive of a felony based upon a violent crime or a
sexual crime involving baseness, vileness or depravity.

(iii) The Termination Date for a termination of this Agreement  pursuant to this
Section 4.1 shall be the date specified by the Board in the  resolution  finding
Cause,  which  date  shall  not be  earlier  than 30 days  after the date of the
Special Board Meeting.

(c) Upon any  termination  of this  Agreement  pursuant to this Section 4.1, the
Executive shall be entitled to the compensation specified in Section 5.1 hereof.

4.2 Disability. The Company may terminate this Agreement upon the Disability (as
defined  below)  of  the  Employee  in  strict  accordance  with  the  following
procedure: Upon a good faith determination by not less than three-quarters (3/4)
of the  entire  membership  of the  Board  that the  Executive  has  suffered  a
Disability, the Company shall give the Executive written notice of its intention
to  terminate  this  Agreement  due to  such  Disability.  In  such  event,  the
Executive's  employment with the Company shall  terminate  effective on the 30th
day after receipt of such notice by the  Executive  (the  "Disability  Effective
Date"),  provided  that,  within the 30 days after such  receipt,  the Executive
shall not have returned to full-time  performance of the Executive's duties. For
purposes of this Agreement, "Disability" shall mean the absence of the Executive
from the  Executive's  duties  with the  Company  on a  full-time  basis for 120
consecutive  calendar days as a result of  incapacity  due to mental or physical
illness which is determined to be total and permanent by a physician selected by
the Company or its insurers and  acceptable to the Executive or the  Executive's
legal  representative  (such  agreement as to  acceptability  not to be withheld
unreasonably). The Termination Date for a termination of this Agreement pursuant
to this Section 4.2 shall be the date  specified by the Board in the  resolution
finding that the Executive has suffered a Disability,  which date may not be any
earlier than 30 days after the date of Board's finding.  Upon any termination of
this Agreement  pursuant to this Section 4.2, the Executive shall be entitled to
the compensation specified in Section 5.2 hereof.

4.3 Death.  This Agreement shall terminate  automatically  upon the death of the
Executive,  without any  requirement of notice by the Company to the Executive's
estate.  The date of the Executive's  death shall be the Termination  Date for a
termination of this Agreement pursuant to this Section 4.3. Upon any termination
of this Agreement  pursuant to this Section 4.3, the Executive shall be entitled
to the compensation specified in Section 5.3 hereof.

4.4  Termination  by the  Executive  for Good Reason or by the Company,  Without
Cause.  The Executive may terminate his employment under this Agreement for Good
Reason (defined below),  or the Company may terminate such  employment,  without
cause,  as provided  in this  Section  4.4.  "Good  Reason"  shall mean that the
Company  (through its Board or otherwise) has (i) assigned the Executive  duties
other than those  contemplated  by Section  1.2 above  without  the  Executive's
consent; (ii) limited the powers of the Executive in any manner not contemplated
by Section 1.2 above;  or (iii)  materially  breached any of its other covenants
and  obligations  hereunder.  A purported  termination  of this Agreement by the
Company  pursuant to any provision of this Section 4 which is disputed and which
is finally  determined not to have been proper shall be deemed a material breach
by the  Company  of this  Agreement.  To  terminate  his  employment  under this
Agreement for Good Reason,  the Executive  shall give the Company written notice
of the Executive's  intent to terminate his employment with the Company pursuant
to this Section 4.4, which notice shall specify the Executive's reasons therefor
in detail.  The  Company  shall have 30 days from its  receipt of such notice to
attempt to cure any such condition giving rise to Good Reason hereunder. If such
cure is  acceptable  to the  Executive,  the  Executive may accept such cure and
continue  this  Agreement  in full force and effect as if the initial  notice of
termination  under  this  Section  4.4  had not  been  given  by the  Executive;
provided,  however,  that  acceptance of such cure and the  continuation  of the
Executive's  employment shall not act as a waiver of any rights of the Executive
with  respect to such  actions or  inactions  of the  Company  and/or  limit the
Executive's  right to terminate this Agreement for the same or similar action or
inaction by the Company  following  such cure. If the Executive  does not accept
such cure, the  Termination  Date of this Agreement  shall be the 30th day after
the Company's  receipt of the Executive's  termination  notice. To terminate the
Executive's  employment  without cause in accordance  with this Section 4.4, the
Company  shall  give the  Executive  written  notice  of such  termination.  The
Termination Date shall be the date specified by the Company in such notice. Upon
any  termination of this  Agreement  pursuant to this Section 4.4, the Executive
shall be entitled to the  compensation  specified in Section 5.4 hereof,  except
that if such termination by the Company occurs within a period beginning six (6)
months  before and ending one (1) year after a Change in Control of the  Company
(defined in Section 4.5 below),  then such termination shall be deemed to be due
to a Change in Control of the Company and the Executive shall be entitled to the
compensation  specified  in Section  5.5 hereof and any other  compensation  and
benefits  provided in this  Agreement in connection  with a Change in Control of
the Company.

4.5  Termination by the Executive  Upon a Change in Control of the Company.  The
Executive may terminate his  employment  under this  Agreement  upon a Change in
Control of the Company.  For purposes of this Section 4.5, "Change in Control of
the Company" shall mean (i) the  acquisition by a person or an entity or a group
of persons and  entities,  directly  or  indirectly,  of more than thirty  (30%)
percent of the  Company's  common stock in a single  transaction  or a series of
transactions  (hereinafter  referred  to as a "30% Change in  Control");  (ii) a
merger or other form of  corporate  reorganization  resulting in an actual or de
facto 30 % Change in  Control;  or (iii) the  failure  of  Applicable  Directors
(defined  below)  to  constitute  a  majority  of the Board  during  any two (2)
consecutive  year  period  after  the  date of  this  Agreement  (the  "Two-Year
Period"). "Applicable Directors" shall mean those individuals who are members of
the Board at the  inception  of a  Two-Year  Period and any new  director  whose
election  to the Board or  nomination  for  election  to the Board was  approved
(prior to any vote thereon by the shareholders) by a vote of at least two-thirds
(2/3) of the  directors  then still in office who either were  directors  at the
beginning of the Two-Year  Period at issue or whose  election or nomination  for
election during such Two-Year Period was previously approved as provided in this
sentence.  To terminate his  employment  under this  Agreement  upon a Change in
Control of the Company, the Executive shall give the Company written termination
notice.  The Termination Date shall be the date specified in such notice,  which
date may not be earlier  than 30 days nor later  than 90 day from the  Company's
receipt of such notice.  Upon any termination of this Agreement pursuant to this
Section 4.5, the Executive  shall be entitled to the  compensation  specified in
Section  5.5 hereof and any other  compensation  and  benefits  provided in this
Agreement in connection with a Change in Control of the Company.

4.6 Termination by the Executive Due to Poor Health. The Executive may terminate
his  employment  under this  Agreement upon written notice to the Company if the
Executive's health should become impaired to any extent that makes the continued
performance  of the  Executive's  duties under this  Agreement  hazardous to the
Executive's  physical or mental health or his life  (regardless  of whether such
condition  would  be  deemed  a  Disability  under  any  other  section  of this
Agreement),  provided that the Executive shall have furnished the Company with a
written  statement from a qualified  doctor to that effect and provided  further
that, at the Company's  written request and expense,  the Executive shall submit
to a medical  examination  by a  qualified  doctor  selected  by the Company and
acceptable  to  the  Executive  (which  acceptance  shall  not  be  unreasonably
withheld)  which doctor shall  substantially  concur with the conclusions of the
Executive's  doctor.  The  Termination  Date  shall  the date  specified  in the
Executive's  notice to the  Company,  which date may not be earlier than 30 days
nor  later  than 90 day from the  Company's  receipt  of such  notice.  Upon any
termination of this Agreement  pursuant to this Section 4.6, the Executive shall
be entitled to the compensation specified in Section 5.6 hereof.

4.7  Non-renewal.  In the event that either party to this  Agreement  shall give
notice to the other party that this Agreement will not be renewed as provided in
Section 1.1 hereof, then this Agreement shall terminate at the end of such final
term of this Agreement. The last day of such final term shall be the Termination
Date for a  termination  pursuant to this Section 4.7. Upon any  termination  of
this Agreement  pursuant to this Section 4.7, the Executive shall be entitled to
the compensation specified in Section 5.7.

4.8  Termination  by the  Executive.  The Executive may terminate his employment
under this Agreement for any reason  whatsoever upon not less than 30 days prior
written  notice to the Company.  In the event that  reference to the  applicable
termination  section of this Agreement is not made in the Executive's  notice of
termination to the Company and the reason for the Executive's termination can be
construed to occur under this Section 4.8 or any of Sections  4.2, 4.4, 4.5, 4.6
or 4.7 above,  then the Executive  shall have the right to specify which section
of this Section 4 shall  control.  The  Termination  Date under this Section 4.8
shall be the date specified in the Executive's notice to the Company, which date
may not be earlier than 30 days from the Company's receipt of such notice.  Upon
any  termination of this  Agreement  pursuant to this Section 4.8, the Executive
shall be entitled to the compensation specified in Section 5.7 hereof.

5.    Compensation and Benefits Upon Termination.

5.1 Cause.  If the Executive's  employment is terminated for Cause,  the Company
shall pay the  Executive  his full Base  Salary  through  the  Termination  Date
specified in Section 4.1 at the rate in effect at the Termination  Date, and the
Company shall have no further obligation to the Executive under this Agreement.

5.2  Disability.  During any period that the  Executive is unable to perform his
duties under this  Agreement as a result of incapacity due to physical or mental
illness,  the Executive shall continue to receive his full Base Salary until the
Termination Date specified in Section 4.2. After such termination, the Executive
shall receive in equal monthly  installments  50% of his Base Salary at the rate
in effect at the Termination Date for one year and thereafter for two additional
years at an annual rate equal to 10% of the Base Salary which would have been in
effect under this Agreement reduced,  in each case, for any disability  payments
otherwise payable by or pursuant to plans provided by the Company.

5.3 Death.  Upon the  Executive's  death,  the  Company  shall pay to the person
designated  by the Executive in a notice filed with the Company or, if no person
is  designated,  to his  estate (i) any  unpaid  amounts of his Base  Salary and
accrued vacation to the date of the Executive's death; and (ii) any payments the
Executive's spouse,  beneficiaries or estate may be entitled to receive pursuant
to any pension or employee benefit plan or life insurance policy or similar plan
or policy  then  maintained  by the  Company.  Upon full  payment of all amounts
required to be paid under this Section  5.3,  the Company  shall have no further
obligation under this Agreement.

5.4  Termination by the Executive for Good Reason.  If the Executive  terminates
this  Agreement  for Good  Reason  or the  Company  terminates  the  Executive's
employment without cause in accordance with and subject to Section 4.4, then (i)
the Company shall pay the Executive his full Base Salary through the Termination
Date  specified in Section 4.4 at the rate in effect at such  Termination  Date;
and (ii) in lieu of any further  salary  payments to the  Executive  for periods
subsequent to the  Termination  Date and in  consideration  of the rights of the
Company under Section 8, the Company shall pay as severance pay to the Executive
on the fifth day following the Termination Date, two months salary.

5.5 Termination by the Executive Due to Poor Health. If the Executive terminates
this  Agreement  pursuant to Section 4.6  hereof,  the Company  shall pay to the
Executive  any unpaid  amounts of his Base  Salary and  accrued  vacation to the
Termination Date specified in Section 4.6 plus any disability payments otherwise
payable by or pursuant to plans provided by the Company.

5.6 Non-renewal or other termination.  If this Agreement  terminates pursuant to
Section 4.7 or Section 4.8 hereof,  the Company  shall pay to the  Executive any
unpaid amounts of his Base Salary and accrued  vacation to the Termination  Date
specified in Section 4.7 or Section 4.8, as the case may be.

5.7  Health  and  Medical  Plans.   The  Executive  shall  be  entitled  to  all
continuation of health, medical,  hospitalization and other programs as provided
by any  applicable  law and such  additional  benefits  as are  provided  by the
Company to its employees upon termination of employment with the Company.

5.8  Mitigation.  The Executive  shall not be required to mitigate the amount of
any  payment  provided  for in this  Section 5 by seeking  other  employment  or
otherwise, nor shall the amount of any payment provided for in this Section 5 be
reduced by any compensation  earned by the Executive as the result of employment
by another employer after the Termination Date.

5.9 Incentive Bonus and Expense  Reimbursement.  If the  Executive's  employment
with the  Company is  terminated  for any reason,  other than Cause  (defined in
Section 4.l(b) above),  the Executive shall be paid, solely in consideration for
services rendered by the Executive prior to such termination, an incentive bonus
with respect to the Company's  fiscal year in which the Termination Date occurs,
in  accordance  with  Section 2.2  hereof.  The  Executive  shall be entitled to
reimbursement for reasonable business expenses incurred prior to the Termination
Date, subject, however to the provisions of Section 3.1.

5.10 Loans.  Except as otherwise  provided in this  Agreement,  the  outstanding
balance  as of the  Termination  Date of any  demand  loan or  advance  from the
Company to the Executive  which has no set term or maturity shall be paid by the
Executive  to the  Company,  with  interest at the lowest rate  permissible  for
federal income tax purposes,  in sixty equal and successive monthly installments
of principal and interest  beginning on the first day of the month following the
Termination Date.

6.    Successors; Binding Agreement.

6.1  Successors.  The Company  shall require any  successor  (whether  direct or
indirect, by purchase, merger,  consolidation or otherwise) acquiring a majority
of  the  Company's  voting  common  stock  or  any  other  successor  to  all or
substantially  all of the  business  and/or  assets of the Company to  expressly
assume and agree to perform  this  Agreement  in the same manner and to the same
extent  that the Company  would be required to perform it if no such  succession
had taken  place.  Such  agreement  shall be  confirmed in a writing in form and
substance  satisfactory  to the  Executive.  Failure of the Company to obtain an
assumption of this Agreement prior to or  simultaneously  with the effectiveness
of any such succession shall be a breach of this Agreement and shall entitle the
Executive  to  compensation  from the Company in the same amount and on the same
terms as he would be  entitled  to under this  Agreement  if the  Executive  had
terminated his employment for Good Reason,  except for purposes of  implementing
the foregoing,  the date on which any such succession becomes effective shall be
deemed the Termination Date. As used in this Agreement, "Company" shall mean the
Company as previously  defined and any  successor to its business  and/or assets
which  executes  and delivers  the  agreement  provided for in this Section 6 or
which otherwise  becomes bound by all the terms and provisions of this Agreement
by operation of law.

6.2 Benefit. This Agreement and all rights of the Executive under this Agreement
shall inure to the benefit of and be enforceable by the Executive's  personal or
legal   representatives,    executors,   administrators,    successors,   heirs,
distributees,  devisees  and  legatees.  If the  Executive  should die while any
amounts  would  still be  payable  to him under this  Agreement,  including  all
payments  payable under Section 5, if he had continued to live, all such amounts
shall be paid in accordance  with the terms of this Agreement to the Executive's
devisee,  legatee,  or other  designee  or,  if there is no such  designee,  the
Executive's estate.

7. Conflicts With Prior  Employment  Contract.  Except as otherwise  provided in
this  Agreement,  this  Agreement  constitutes  the entire  agreement  among the
parties  pertaining to the subject matter hereof, and supersedes and revokes any
and all prior or existing  agreements,  written or oral, relating to the subject
matter hereof,  and this Agreement shall be solely  determinative of the subject
matter hereof.

8.    Noncompetition; Unauthorized Disclosure; Injunctive Relief.

8.1 No Material  Competition.  Except with respect to services  performed  under
this Agreement on behalf of the Company,  and subject to the  obligations of the
Executive  as an officer of the Company and the  employment  obligations  of the
Executive under this Agreement,  the Executive agrees that at no time during the
Employment  Period  or,  for a period  of one  year  immediately  following  any
termination  of this  Agreement for any reason,  for himself or on behalf of any
other person, persons, firm, partnership, corporation or company:

(a)  Solicit  or  accept  business  from any  customers  of the  Company  or its
affiliates,  from any  prospective  customers  whose business the Company or any
affiliate  of the  Company is in the  process of  soliciting  at the time of the
Executive's  termination,  or from any  former  customer  which  had been  doing
business with the Company within one year prior to the Executive's termination;

(b) Solicit any  employee of the Company or its  affiliates  to  terminate  such
employee's employment with the Company; or

(c)  Engage  in any  business  of the  type  performed  by  the  Company  in the
geographical  are where the Company is  actively  doing  business or  soliciting
business if, within 30 days of the Executive  advising the Company in writing of
his proposed  business  activity,  the Board  determines in good faith that such
proposed business  activity is directly  competitive with a material part of the
business  of the  Company  and its  subsidiaries  (in the  aggregate)  and  such
competitive  business  activity is reasonably  likely to materially affect in an
adverse manner the  consolidated  sales,  profits or financial  condition of the
Company.  If the Board fails to advise the Executive within said thirty (30) day
period,  then the Board  shall be deemed to have  consented  to the  Executive's
engaging in such activity.

8.2  Unauthorized  Disclosure.  During the  Employment  Period and for two years
following the termination of this Agreement for any reason,  the Executive shall
not,  without the  written  consent of the Board or a person  authorized  by the
Board or as may  otherwise  be required by law or court  order,  disclose to any
person,  other than an employee of the Company or person to whom  disclosure  is
reasonably  necessary or appropriate in connection  with the  performance by the
Executive  of  his  duties  as  an  executive  of  the  Company,   any  material
confidential information obtained by him while in the employ of the Company with
respect  to  any of  the  company's  customer,  suppliers,  creditors,  lenders,
investments  bankers  or  methods  of  marketing,  the  disclosure  of which the
Executive  knows will materially  damage the Company;  provided,  however,  that
confidential  information  shall not include any information  generally known to
the public (other than as a result of unauthorized  disclosure by the Executive)
or any  information of a type not otherwise  considered  confidential by persons
engaged in the same  business  or a business  similar to that  conducted  by the
Company.  For the period ending one year following the termination of employment
under this  Agreement for any reason,  the Executive  shall not  disclosure  any
confidential information of the type described above except as determined by him
to be reasonably  necessary in connection with any business or activity in which
he is then engaged or as otherwise required by law or court order.

8.3 Injunction.  The Company and the Executive  acknowledge that a breach by the
Executive  of any  of the  covenants  contained  in  this  Section  8 may  cause
irreparable  harm or damage to the  Company or its  subsidiaries,  the  monetary
amount of which may be  virtually  impossible  to  ascertain.  As a result,  the
Executive  agrees that the Company shall be entitled to an injunction  issued by
any court of competent  jurisdiction enjoining and restraining all violations of
this  Section 8 by the  Executive  or his  associates,  affiliates,  partners or
agents,  and that the right to an injunction shall be cumulative and in addition
to all other remedies the Company may possess.

8.4  Certain  Provisions.  The  limitations  of this  Section 8 shall  terminate
immediately  upon  termination  of this  Agreement if for any reason the Company
does not  fulfill  its  obligations  as  required  by  Sections  4 and 5 of this
Agreement;  provided,  however,  such termination shall not affect the rights of
the Executive to receive all payments he is entitled to receive under Section 5.
The  provisions  of this Section 8 shall apply during the time the  Executive is
receiving  Disability  payments from the Company as a result of a termination of
this Agreement  pursuant to Section 4.2 hereof. 9.  Arbitration.  Any dispute or
controversy  (except for disputes  arising  under Section 8) arising under or in
connection  with this Agreement  shall be settled  exclusively by arbitration in
accordance with the rules of the American Arbitration Association then in effect
(except  to the extent  that the  procedures  outlined  below  differ  from such
rules).  Within 7 days after receipt of written  notice from either party that a
dispute  exists and that  arbitration  is  required,  both parties must within 7
business days agree on an acceptable arbitrator.  If the parties cannot agree on
an arbitrator, then the parties shall list the "Big Six" accounting firms (other
than the Company's  auditors) in alphabetical order and the first firm that does
not have a conflict of interest  and is willing to serve will be selected as the
arbitrator.  The parties agree to act as  expeditiously as possible to select an
arbitrator and conclude the dispute.  The arbitrator must render his decision in
writing within 30 days of his or its  appointment.  The cost and expenses of the
arbitration  and of legal counsel to the prevailing  party shall be borne by the
non-prevailing  party,  except as  otherwise  provided in  Sections  3.7 and 5.4
hereof.  Each party will advance  one-half of the estimated fees and expenses of
the arbitrator.  Judgment may be entered on the arbitrator's  award in any court
having  jurisdiction;  provided  that the  Company  shall be  entitled to seek a
restraining  order or  injunction  in any  court of  competent  jurisdiction  to
prevent any continuation of any violation of Section 8 hereof.

10.  Governing  Law.  This  Agreement  shall be  governed  by and  construed  in
accordance  with the laws of the State of Florida without regard to its conflict
of laws  principles  to the  extent  that  such  principles  would  require  the
application of laws other than the laws of the State of Florida.

11.  Notices.  Any notice required or permitted to be given under this Agreement
shall be in writing  and shall be deemed to have been given  when  delivered  by
hand or when  deposited  in the United  States mail by  registered  or certified
mail, return receipt requested, postage prepaid, addressed as follows:

       If to the Company:                             If to the Executive:

       Orex Gold Mines Corp.                    Gregory Finney
       2121 Ponce de Leon Blvd. #510            317 Bird Road
       Coral Gables, Florida 33134              Coral Gables, Florida 33146

or to such other  addresses  as either  party  hereto may from time to time give
notice of to the other in the aforesaid manner.

12.  Benefits:  Binding  Effect.  This Agreement shall be for the benefit of and
binding  upon  the  parties  hereto  and  their   respective   heirs,   personal
representatives,  legal  representatives,   successors  and,  where  applicable,
assigns.  Notwithstanding the foregoing,  neither party may assign its rights or
benefits hereunder without the prior written consent of the other party hereto.

13.  Severability.  The  invalidity  of any one or more of the  words,  phrases,
sentences,  clauses or sections contained in this Agreement shall not affect the
enforceability of the remaining  portions of this Agreement or any part thereof,
all of which are inserted conditionally on their being valid in law, and, in the
event that any one or more of the words, phrases, sentences, clauses or sections
contained in this Agreement shall be declared  invalid,  this Agreement shall be
construed  as if such  invalid  word or words,  phrase or  phrases,  sentence or
sentences,  clause or clauses, or section or sections had not been inserted.  If
such  invalidity  is  caused by  length  of time or size of area,  or both,  the
otherwise invalid provision will be considered to be reduced to a period or area
which would cure such invalidity.

14.  Waivers.  The waiver by either party hereto of a breach or violation of any
term or  provision  of this  Agreement  shall not operate nor be  construed as a
waiver of any subsequent breach or violation.

15. Damages.  Nothing contained herein shall be construed to prevent the Company
or the Executive from seeking and recovering from the other damages sustained by
either or both of them as a result of its or his breach of any term or provision
of this  Agreement.  In the event that either party  hereto  brings suit for the
collection  of any  damages  resulting  from,  or the  injunction  of any action
constituting, a breach of any of the terms or provisions of this Agreement, then
the  party  found  to be at fault  shall  pay all  reasonable  court  costs  and
attorneys'  fees of the other,  whether  such costs and fees are  incurred  in a
court of original jurisdiction or one or more courts of appellate jurisdiction.

16. No Third Party  Beneficiary.  Nothing expressed or implied in this Agreement
is intended,  or shall be  construed,  to confer upon or give any person  (other
than the parties hereto and, in the case of the Executive,  his heirs,  personal
representative(s)  and/or legal  representative) any rights or remedies under or
by  reason  of  this  Agreement.  No  agreements  or  representations,  oral  or
otherwise,  express or implied,  have been made by either  party with respect to
the subject matter of this agreement which agreements or representations are not
set forth expressly in this Agreement,  and this Agreement  supersedes any other
employment agreement between the Company and the Executive.

17.  Board  Approval;  Agreement.  The Company  warrants and  represents  to the
Executive that this Agreement has been approved and authorized by the Board.  No
provisions of this Agreement may be modified,  waived or discharged  unless such
waiver  modification  or  discharge  is  agreed  to in a  writing  signed by the
Executive and the officer of the Company which is specifically designated by the
Board.

      IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the
date first above written.

                                    OREX GOLD MINES CORPORATION, a
                                    Delaware corporation

                                    By:
                                    Name:   Warren Hemedinger
                                    Title: PRESIDENT

                                    GREGORY FINNEY

\53683\010\80EMPAGT.001

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