Document:

EXHIBIT 10.20

                 FACILITY USE AND PRODUCTION PERSONNEL AGREEMENT
                  BETWEEN GLOBECAST NORTH AMERICA INCORPORATED
                          AND 5TH AVENUE CHANNEL, CORP.

         AGREEMENT, made as of the 10th day of January 2000, by and between
GlobeCast North America Incorporated, a Delaware corporation, having its
principal office at 7291 NW 74th Street Miami, Florida 33166 ("The Facility"),
hereinafter referred to as "GlobeCast", and 5th Avenue Channel, Corp., a Florida
corporation with its principle office at 3957 NE 163rd Street, North Miami,
Florida 33160, hereinafter referred to as "CUSTOMER".

         WHEREAS, CUSTOMER produces certain audio and video programming (the
"Program") and desires to contract for production facilities and personnel; and

         WHEREAS, GlobeCast owns and operates a full service telephone and
production center and is in the. business of providing production facilities and
program origination services to programmers; and

         WHEREAS, CUSTOMER desires to obtain such services from GlobeCast, and
GlobeCast desires to provide such services to CUSTOMER (the "Service") upon the
terms and conditions set forth herein as well as the GlobeCast Standard Terms
and Conditions hereby incorporated by reference;

         NOW, THEREFORE, in consideration of the mutual covenants contained
herein and upon receipt of good and valuable consideration specified herein, the
parties hereto agree to the specifications, terms and conditions set forth
herein.

         1. PRODUCTION STUDIO AND CONTROL ROOM AND PRODUCTION PERSONNEL (NOTE:
ALL DIMENSIONS STATED THROUGHOUT THIS AGREEMENT ARE APPROXIMATE.) CUSTOMER shall
have an unlimited license during the term of this Agreement to use one (1) 70'
by 40' Production Studio and Control Room at the Facility. GlobeCast shall
provide the equipment outlined in Exhibit A, and maintain such equipment in good
working order. Electrical consumption and air conditioning are included in the
monthly charge for the facility and GlobeCast will provide basic television
lights as listed in Attachment C. GlobeCast will provide UPS and generator
electrical backup for all appropriate equipment utilized by Customer within the
confines of the Production Studio and Control Room. As part of this Facility Use
Agreement, GlobeCast grants CUSTOMER the right to use the break rooms and first
floor bathrooms for their intended purposes. CUSTOMER will provide its own sets
and GlobeCast will have no responsibility or liability for same.

         GlobeCast shall provide Technical Equipment as set forth in Attachment
A for the purpose of producing a live television show/programming that is NTSC,
SMPTE, & FCC compliant.

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         This license to use the Production Studio and Control Room is granted
for the limited purpose of enabling the parties hereto to render and receive the
services outlined in this Agreement and creates no landlord/tenant relationship
of any kind between the parties.

         GlobeCast shall provide English speaking or bilingual Production
Personnel for a standard 40 hour work week Monday through Friday as set forth in
Attachment B. Overtime charges will be $50.00 (fifty dollars) per hour, or part
thereof, for technical directors. Overtime charges for all other personnel will
be at the rate of $30.00 (thirty dollars) per hour, or part thereof. It is
understood that Production Personnel will be under the direction of CUSTOMER'S
show director and line producer subject to the limitations of Section 19 below.

         2. DRESSING ROOM CUSTOMER will have an unlimited license during the
term of this Agreement to use one (1) 204 sq. ft. lockable Dressing Room at the
Facility. Said Dressing Room will contain three (3) changing rooms and a
built-in hanging closet.

         This license to use the Dressing Room is granted for the limited
purpose of enabling the parties hereto to render and receive the services
outlined in this Agreement and creates no landlord/tenant relationship of any
kind between the parties. GlobeCast shall have no responsibility for any
personal items left within said Dressing Room.

         3. MAKE-UP ROOM CUSTOMER will also have an unlimited license during the
term of this Agreement to use one (1) 216 sq. ft. Make-Up Room at the Facility.

         This license to use the Make-Up Room is granted for the limited purpose
of enabling the parties hereto to render and receive the services outlined in
this Agreement and creates no landlord/tenant relationship of any kind between
the parties.

         4. OFFICE SPACE GlobeCast will provide CUSTOMER Office Space within the
Production Studio described in item 1 above. CUSTOMER will have twenty-four
hour, seven day per week license during the term of this Agreement to use this
dedicated Office Space for the purposes of supporting the activities of
CUSTOMER. CUSTOMER may place news editing equipment and graphics stations in
this portion of the Production Studio. However, CUSTOMER must provide adequate
replacement cost insurance on its equipment. Although GlobeCast provides various
methods of security within its Miami facility to monitor incoming and outgoing
personnel movements and to attempt to prevent unauthorized access to the
facility, such security measures are not designed to protect CUSTOMER's
equipment or personnel and GlobeCast makes no representations or warranty of any
kind that the stated security measures can or will prevent unauthorized access
or protect CUSTOMER's equipment and/or personnel. In no event shall GlobeCast be
responsible or liable in any way for the security of CUSTOMER's equipment or
personnel.

         (a) FURNITURE AND FIXTURES. GlobeCast shall provide telephone
         instruments only. CUSTOMER is responsible for providing phone lines,
         furniture and fixtures, and office equipment including computers for
         CUSTOMER's use. CUSTOMER acknowledges and agrees that GlobeCast shall
         have no responsibility for any lost, stolen or damaged CUSTOMER
         property.

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         (b) ALTERATIONS. CUSTOMER shall. make no alterations other than adding
         phone lines to the licensed premises without prior written consent of
         GlobeCast. CUSTOMER warrants that the addition of such phone lines will
         not interfere in any way with existing GlobeCast phone lines and that
         CUSTOMER shall be liable for necessary repairs to such phone lines if
         they are damaged by CUSTOMER's installation.

         (c) PARKING. CUSTOMER personnel working at the Facility shall use the
         parking lot on the north side of the Facility.

         (d) JANITORIAL SERVICES. GlobeCast will provide CUSTOMER with standard
         janitorial services within the areas of GlobeCast's facility that are
         addressed herein.

         5. REVOCATION OF LICENSE. The license to use GlobeCast's facilities
shall automatically be revoked without notice upon the expiration or termination
of this Agreement. CUSTOMER specifically and knowingly waives any rights or
privileges afforded under Chapter 83 of 1994 Florida Statutes relating to
landlord/tenant relationships. Upon such revocation of the license, GlobeCast
shall provide CUSTOMER a reasonable time frame to retrieve all of its property
from the Facility.

         6. TERM. The term of this Agreement shall be for one (1) year and shall
begin on February 1, 2000 and end on January 31, 2001. This Agreement shall
automatically renew for an additional one year period (until January 31, 2002)
unless CUSTOMER provides GlobeCast with written notice of its intent not to
renew at least 90 days in advance of the initial expiration date of this
Agreement.

         7. CHARGES. For the services and facilities set forth herein for the
initial one year term of this Agreement, CUSTOMER shall pay to GlobeCast
$780,000.00 in twelve equal monthly installments of $65,000.00. During the
initial "set-up" month of this Agreement GlobeCast reserves the right to use the
Production Studio and Dressing and Make-up Rooms for a maximum of ten (10) days,
such days to be determined solely at the discretion of GlobeCast with 24 hour
prior notice to CUSTOMER. In the event that CUSTOMER exercises its option to
renew this Agreement in a timely manner for the additional one-year term
specified herein, CUSTOMER shall pay to GlobeCast the sum of $840,000.00 for the
one year renewal term in twelve equal monthly installments of $70,000.00. The
above referenced charges do not include federal, state or local sales or use
taxes, Universal Service Charges, fees or assessments which may now or hereafter
be levied on the Service and shall be the responsibility of CUSTOMER.

         GlobeCast agrees to provide CUSTOMER with Occasional Services at 15%
below Rate Card when and if requested by CUSTOMER.

         In the event that CUSTOMER uses the Production Studio or any of
GlobeCast's technical or production equipment on a Saturday or Sunday, GlobeCast
will invoice CUSTOMER and CUSTOMER shall pay GlobeCast an additional charge of
$1,000.00 per day (without crew) for each Saturday or Sunday that the Production
Studio is used.

<PAGE>

         All recurring monthly charges shall be paid to GlobeCast on the first
day of each month the service is to be performed (i.e., charges for the period
November 1 - November 30 are due November 1).

         8. DEPOSIT. CUSTOMER shall pay GlobeCast the sum of $130,000.00 at the
time of execution of this Agreement, $65,000.00 of which shall be applied to
CUSTOMER's first payment and $65,000.00 of which shall be held by GlobeCast and
applied to either (a) the final payment(s) due GlobeCast. or (b) the first
payment to GlobeCast in the event of CUSTOMER's default, as provided under this
Agreement. Such deposit is not an advance rent charge or a measure of
GlobeCast's damages in the event of CUSTOMER's default. CUSTOMER waives the
right to receive any interest on this amount.

         9. REPRESENTATIONS AND WARRANTIES OF GLOBECAST. GlobeCast represents
and warrants to CUSTOMER that:

         (a) This Agreement has been duly authorized by all necessary corporate
         action on the part of GlobeCast and has been executed and delivered by
         duly authorized officers of GlobeCast and this Agreement constitutes a
         legal, valid and binding obligation of GlobeCast;

         (b) GlobeCast has and shall continue to have during the term of this
         Agreement all necessary contractual rights to provide the Service to
         CUSTOMER hereunder;

         (c) GlobeCast is under no contractual or other legal obligation which
         shall in any way interfere with its full, prompt and complete
         performance hereunder; and

         (d) In the event of equipment failure or GlobeCast's failure to provide
         service that results in CUSTOMER interruption of service, GlobeCast
         will use its best efforts to restore service and will provide CUSTOMER
         with credit for actual time of interruption of service as defined in
         the GlobeCast Standard Terms and Conditions. GlobeCast's sole liability
         will be in the form of pro-rata credits for interruption of service.

         (e) GlobeCast will carry a minimum of $1,000,000 of general liability
         and property insurance at all times during the term of this Agreement.
         GlobeCast shall provide CUSTOMER a certificate of insurance as evidence
         of insurance.

         10. REPRESENTATIONS AND WARRANTIES OF CUSTOMER. CUSTOMER represents and
warrants to GlobeCast that:

         (a) This Agreement has been duly authorized by all necessary corporate
         action on the part of CUSTOMER and has been executed and delivered by
         duly authorized officers of CUSTOMER and this Agreement constitutes a
         legal, valid and binding obligation of CUSTOMER;

         (b) CUSTOMER has and shall continue to have during the term of this
         Agreement all necessary contractual rights to carry out the provisions
         of this Agreement, including, but not limited to, obtaining all
         necessary rights, licenses, clearances and releases; and

<PAGE>

         (c) CUSTOMER is under no contractual or other legal obligation which
         shall in any way interfere with its full, prompt and complete
         performance hereunder.

         11. INDEMNITY. CUSTOMER and GlobeCast shall indemnify, defend and save
each other and its officers, directors and agents harmless from suits, actions,
damages, liability, losses, expenses and causes of action of every nature
whatsoever arising from or caused by any negligent or willful act or emission by
either party or its officers, agents, employees, representatives or independent
contractors in any manner connected with this Agreement or the use of the
Service including, but not limited to, any claims, demands and causes of action
of every nature whatsoever which may be made upon, sustained or incurred by
either party by reason of any breach, violation, omission or non-performance of
any material terms, covenant or conditions hereof on the part of either party or
by reason of any negligent or willful acts or omissions.

         12. DEFAULT. In the event that CUSTOMER fails to pay GlobeCast in full
the sums due and payable hereunder, or fails to observe and perform any of the
material terms, covenants and/or conditions of this Agreement, CUSTOMER shall be
in default of this Agreement and shall be subject to a monthly interest charge
of 1.5% on the overdue balance. Upon such default, GlobeCast shall give CUSTOMER
a written notice which describes the default and which requires CUSTOMER to cure
said default within fifteen (15) calendar days. In the event that CUSTOMER fails
to cure the default within the stated time, GlobeCast may cease to provide The
Service and further, may pursue any available remedy under law or equity and
demand from CUSTOMER all sums already due.

         13. FORCE MAJEURE. With reference to Section 11.1 of the incorporated
GlobeCast Standard Terms and Conditions, GlobeCast shall not be liable for any
failure of performance due to causes beyond its commercially reasonable control
including, but not limited to, fires, strikes, labor unrest, embargoes, civil
commotion. rationing or other order or requirements, acts of civil or Military
authorities, acts of God, the unavailability to GlobeCast of the facilities or
services used to provide the Service, or other contingencies beyond the
reasonable control of GlobeCast. If service that is interrupted by Force Majeure
events cannot be restored within three (3) calendar days, GlobeCast will use its
best effort to assist CUSTOMER in finding a temporary facility for production of
its program but does not guarantee that such facility will be found and shall
have no obligation to pay for CUSTOMER's use or expenses related to said
facility. Under the stated conditions, while CUSTOMER is using the temporary
facility instead of GlobeCast's facility, CUSTOMER will be responsible for
paying the temporary facility rather than paying GlobeCast. Immediately upon
CUSTOMER's return to GlobeCast's facility, CUSTOMER shall again be responsible
for making prompt payment to GlobeCast as set forth above in Section 7.
GlobeCast's liability to CUSTOMER shall be limited to pro rata credit for time
off-air. In the event that service cannot be restored within thirty (30)
calendar days from its initial interruption CUSTOMER shall have the option, upon
written notice to GlobeCast, to be released from this Agreement. If CUSTOMER
requests release from this Agreement, GlobeCast shall have no further duty or
liability to CUSTOMER and CUSTOMER shall have no duty or liability to GlobeCast
other than to make timely payment of all sums already due and payable to
GlobeCast

<PAGE>

         14. NO WAIVER. The failure of either party to insist on strict
performance of any covenant or condition hereof, or to exercise any option
herein contained shall not be construed as a waiver of such covenant, condition
or option in any other instance.

         15. ATTORNEYS' FEES TO PREVAILING PARTY. In the event either party has
reason to bring a claim or action against the other party to enforce the terms
and conditions of this Agreement the prevailing party shall be entitled to
recover from the other party all costs, expenses and reasonable attorneys' fees
that may be incurred or paid by such prevailing party. All references in this
Agreement to attorneys' fees shall include, but not be limited to, court costs,
technical consultant fees and expenses at, before and through all trial and
appellate levels and post judgment proceedings and regardless of whether or not
any action may be instituted.

         16. ENTIRE AGREEMENT AND MODIFICATION. This Agreement along with
Attachments A, B and C, attached and hereby incorporated by inclusion and
reference, and the GlobeCast Standard Terms and Conditions incorporated by
reference as modified below, constitutes the entire agreement between the
parties with respect to the subject matter hereof. This Agreement may be
modified only by a written instrument executed by the parties.

         With reference to the GlobeCast Standard Terms and Conditions ("T &
C's") incorporated by reference in the third recital paragraph on page one of
this Agreement, the parties agree as follows:

1.       Sections 1 through 4 of the T & C's are not applicable to this
         Agreement.
2.       Section 13 of this Agreement takes precedent over Section 9.1 of the T
         & C's.
3.       Where Section 10. 1 of the T & C's gives CUSTOMER 3 days to cure, the
         CUSTOMER is hereby granted 15 days to cure.
4.       The second sentence of Section 12.4 of the T & C `s is hereby stricken.

         17. TITLES. Titles of paragraphs herein are for convenience only and
shall not in any way limit or otherwise affect the interpretation of this
Agreement or any paragraph hereof.

         18. INDEPENDENT CONTRACTORS. CUSTOMER and GlobeCast are independent
contractors with respect to each other and nothing herein shall create any
association, partnership joint venture or agency relationship between them.

         Neither party is authorized to commit, bind, or speak on behalf of the
other, except and only to the extent that it has been specifically authorized to
do so in advance from time to time, and unless so authorized, neither party
shall perform any act which might result in any third party believing that it is
an employee, agent or representative of the other party, or have the power to
contract or incur any commitment or obligation for and on behalf of the other
party.

         Because CUSTOMER and GlobeCast are independent contractors with respect
to each other, neither party is eligible for, nor to receive any, employee
benefits of the other party. CUSTOMER will not withhold any amount attributable
to the compensation hereunder for any benefit program or for any municipal,
state or federal tax purpose, and GlobeCast shall be solely responsible for
fulfilling all such tax obligations, including, without limitation, any payroll
taxes

<PAGE>

or state or federal unemployment insurance and social security taxes imposed in
connection with the compensation provided hereunder.

         Because GlobeCast is an independent contractor with respect to CUSTOMER
GlobeCast shall be responsible for determining GlobeCast's employees' rates of
pay, promotions, discipline, fringe benefits, hiring, hours of work,
supervision, work rules, vacations, training, uniforms, direction, assignments
and day-to-day control of working conditions and operations.

         19. NOTICES. All notices required to be given hereunder shall be given
in writing (unless otherwise specified herein) and sent by personal delivery,
first class mail, overnight courier or facsimile to the addresses below or to
such other address as either party may send to the other party by like notice.
Notice shall be deemed given on the day of mailing, personal delivery, sending
by courier or facsimile thereof.

         If to GlobeCast:           GlobeCast North America Incorporated
                                    7291 N.W. 74th Street
                                    Miami, FL 33166
                                    Attention: David Sprechman, COO

         With Copy To:              Brian Sutnick, Esq.
                                    In-House Counsel
                                    GlobeCast North America Incorporated
                                    7291 N.W. 74th Street
                                    Miami, FL 33166

         If to CUSTOMER:            5th Avenue Channel
                                    3957 NE 163rd Street
                                    North Miami, FL 33160
                                    Attention: Ron Wishna,
                                               V.P. of Television and
                                               Adam Taylor, COO

         20. GOVERNING LAW. This Agreement shall be exclusively governed,
construed and enforced by and under the laws of the State of Florida. Should it
be necessary to file a lawsuit to enforce the terms of this Agreement, or which
relates to or concerns this Agreement or the rights or obligations thereunder,
venue and jurisdiction shall be restricted to the eleventh judicial circuit in
the Florida state court system in Miami-Dade County, Florida.

         21. SURVIVAL. All terms and provisions of this Agreement shall, to the
maximum extent reasonably necessary to fulfill the intent of the parties hereto,
survive the termination hereof.

         22. PARTIAL INVALIDITY. In the event any clause, or any portion of this
Agreement be held invalid by any Court such invalid clause or portion hereof
shall have no effect upon the validity and enforcement of the other provisions
of this Agreement, and the invalid clause, or portion hereof shall be severed
from this Agreement, so that the remaining provisions shall continue to bind the
parties hereto.

<PAGE>

         23. CONFIDENTIALITY. All proprietary information, other than as set
forth below, disclosed to GlobeCast within the parameters of this Agreement as
well as CUSTOMER's Work Product shall be considered confidential and held in
strict confidence by GlobeCast. GlobeCast shall use such information only as
needed to perform its obligations under this Agreement, and shall use all
commercially reasonable efforts to prevent such information from being disclosed
to third parties other than those to whom it must be disclosed subject to
Government or Court Order or Audit. GlobeCast will notify CUSTOMER immediately
if it receives a subpoena or other legal process about such information and will
cooperate in any reasonable effort by CUSTOMER to comply with or contest the
legal process. All expenses related to the contesting of such process by
CUSTOMER shall be paid solely by CUSTOMER.

The following information shall not be considered confidential:

         1.       Information which is public knowledge as of the date of
                  execution of this Agreement.
         2.       Information which hereafter becomes public knowledge, unless
                  as a result of the fault of GlobeCast.
         3.       Information which is now in the possession of GlobeCast
                  without any obligation of confidentiality.
         4.       Information which is hereafter rightfully disclosed to
                  GlobeCast by a third party, but only to the extent that the
                  use or disclosure thereof has been or is rightfully authorized
                  by that third party; or
         5.       Information which CUSTOMER and GlobeCast agree in writing is
                  not confidential.

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

 5"`Avenue Channel                   GlobeCast North Amenica Incorporated

 By:                                 By:
     -----------------------            --------------------------------

<PAGE>
                   AMENDMENT AND ADDENDUM TO THE FACILITY USE
                       AND PRODUCTION PERSONNEL AGREEMENT
                        BETWEEN GLOBECASE NORTH AMERICA
                   INCORPORATED AND 5TH AVENUE CHANNEL, CORP.
                             DATED JANUARY 10, 2000

This Amendment dated March 1, 2000 is intended by the parties to modify the
Facility Use and Production Personnel Agreement Between GlobeCast North America
Incorporated and 5th Avenue Channel Corp. ("The Agreement") as follows:

Section 1. PRODUCTION STUDIO AND CONTROL ROOM AND PRODUCTION PERSONNEL, 2nd
paragraph is amended to read:

         GlobeCast shall provide Technical Equipment as set forth in Attachment
         A and Attachment B for the purpose of producing a live television
         show/programming that is NTSC, SMPTE, & FCC compliant.

Section 7. CHARGES, is amended as follows:

After the amount of $70,000.00 in the next to the last sentence of the 1st
paragraph, the following is added:

         In consideration for the additional equipment set forth in Exhibit B,
         that GlobeCast is providing to CUSTOMER for its use during the term of
         this Agreement and for GlobeCast's agreement to provide CUSTOMER with a
         daily downlink of the ABC1 news feed for a 10-12 hour block each day,
         Monday through Friday, and the lease of additional Leitch/ASC server
         equipment and router, CUSTOMER agrees to pay GlobeCast $84,000.00 in
         twelve (12) equal monthly installments of $7,000.00 in addition to the
         payments set forth above. The last payment of $7,000.00 will be paid to
         GlobeCast on the first day of the thirteenth (13th) month following the
         execution of this original Agreement.

All other terms and conditions of The Agreement shall remain as originally
written or as were modified by hand on the date of execution and as attested to
by the handwritten initials of the parties upon The Agreement.

SIGNATURES ON FOLLOWING PAGE

<PAGE>

AGREED TO AND ACKNOWLEDGED THIS _______ DAY OF MARCH, 2000 BY:

5th Avenue Channel, Corp.                   GlobeCast North America Incorporated

----------------------------------          ------------------------------------
Signature                                   Signature

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Printed Name                                Printed Name

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Title                                       TitleEXHIBIT 10.21

                              EMPLOYMENT AGREEMENT

         THIS EMPLOYMENT AGREEMENT ("Agreement") is made and entered into this
1st day of January 2000 by and between 5TH AVENUE CHANNEL CORP. (the "Company"),
a Florida corporation and MEL ROSEN (the "Employee").

                                   WITNESSETH:

         WHEREAS, subject to the terms and conditions hereinafter set forth, the
Company desires to employ the Employee the Company's President and Chief
Executive Officer, and the Employee desires to be so employed by the Company.

         NOW, THEREFORE, in consideration of the mutual promises set forth
herein, and other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties hereto hereby agree as follows:

         1. RECITALS. The foregoing recitals are true and correct and are
incorporated herein by this reference. The Company's Employee Manual (as defined
below) is considered part of this Agreement.

         2. EMPLOYMENT. In exchange for the "Compensation" (as hereinafter
defined) and subject to the other terms and conditions hereinafter set forth,
the Company hereby employs the Employee to render the "Employee Duties" (as
described in Section 3 below) as an employee of the Company, and the Employee
hereby accepts such employment.

         3. EMPLOYEE DUTIES. For purposes of this Agreement, "Employee Duties"
shall mean serving the Company as its President and Chief Executive Officer. In
this capacity, Employee will be responsible for such duties and responsibilities
that are customary for such a position as well as such other duties and
responsibilities assigned to Employee from time to time by the President of the
Company.

         4. TERM. This Agreement shall commence on the date hereof and shall
continue to be in effect for five (5) years from the date of this Agreement
("Term"), unless terminated prior to the end of the Term in accordance with
Section 7 of this Agreement. At the end of the Term, this Agreement shall be
automatically renewed for consecutive additional one-year periods ("Renewal
Terms') unless either party provides written notice of non-renewal to the other
not less than ninety (90) days prior to the end of the Term or any such renewal
term.

         5. LOCATION. The Employee will be required to spend his principal time
at the facilities specified by the Company in the Miami area to achieve the
Employee Duties. The Company's activities will be first priority for Employee.

         6. COMPENSATION. In exchange for the Employee's performance of the
Employee Duties hereunder, the Company hereby agrees to pay the Employee the
following compensation (collectively, the "Compensation"):

<PAGE>

                  (a) BASE SALARY. The Company shall pay the Employee a gross
annual salary of two hundred and fifty thousand dollars ($250,000) per year (the
"Salary") together with an annual bonus to be based upon performance of the
Company's business operations. Salary shall be paid by the Company in accordance
with the Company's regular payroll practices which at this time are on the 15th
and 30th of each month.

                  (b) WITHHOLDING. The Company shall deduct or withhold from all
Compensation payable hereunder all amounts required to be deducted or withheld
from Compensation pursuant to state or federal law.

                  (c) STOCK OPTIONS. Employee shall be granted options to
purchase 240,000 shares of the Company's Common Stock for employment for the
year 2000 and 240,000 for the year 2001. (The year 2000 grant was already
ratified by the Board of Directors on January 31, 2000). Stock options for the
year 2000 shall be granted at the fair market value of the stock as of January
31, 2000 and for the year 2001 at the fair market value of the stock as of
January 31, 2001. Such grant of options shall be at no cost to the Employee and
shall be otherwise governed by the terms of the Company's Employee Stock Option
Plan as modified from time to time. Such options vest ratably each month
throughout the years 2000 and 2001, and have an expiration term of five years.
In addition, the Company grants to Employee, for each six months of employment
commencing January 1, 2000 25,000 options at an exercise price of $10, 25,000
options at an exercise price of $15, and 25,000 options at an exercise price of
$20. Such options shall have a three year term and vest ratably over a six month
period from date of grant. All options granted to Employee are non-dilutable
based on the amount of outstanding shares of the Company's Common Stock as of
January 31, 2000. If the Company increases the number of outstanding shares
prior to either the exercise of any of the options by the Employee or the sale
by the Employee of the exercised shares, such amount of options or shares shall
be increased by the percentage increase in the number of outstanding shares of
the Company's Common Stock. The 240,000 options for the year 2000 shall be
registered in the Company's upcoming S-8 registration.

                  (d) GRANT OF STOCK. In recognition of the Employee's work in
1999, Company agrees to grant thirty thousand (30,000) shares of the Company's
Common Stock. Such shares will be registered in the SB-2 registration to be
amended prior to going effective with the SEC.

                  (e) OTHER BENEFITS. The monthly premiums for family health are
paid by the Company. Company will also provide a $1 million dollar life
insurance policy to the beneficiary specified by Employee. Company shall also
provide the other insurance that is the same provided to other senior executives
of the Company. Dental is available to the Employee at the Employee's expense
from a plan the company has negotiated. The company honors 9 holidays. Sick days
are allowed at the rate of 1 per month but are not accruable. The Employee is
granted three weeks of vacation per year. At the end of the year if Employee has
not taken a full three weeks of vacation, at the Employee's option, he may
receive the cash equivalent of such time or accrue the time to the following
year. Employee shall also receive a Company credit card and Company cellular
phone. Employee shall also be entitled to all salary continuation benefits that
the Company provides its senior executives, for any partial or total disability
that you may suffer.

                                       2
<PAGE>

                  (f) AUTOMOBILE. For the duration of Employee's Term, Company
shall lease for Employee a vehicle of Employee's election, to be paid for
directly by the Company. Company shall maintain insurance on the vehicle and
register the vehicle in Company's name.

                           (i) EXPENSE REIMBURSEMENT. It is contemplated that,
in connection with his employment hereunder, the Employee may incur business,
entertainment and travel expenses. The Company agrees to reimburse the Employee
in full for all preapproved reasonable, ordinary and necessary business,
entertainment and other related expenses, including travel expenses, incurred or
expended by him incident to the performance of his duties hereunder, and
incurred or expended in accordance with the Company's policies with respect to
such expenses, upon submission by the Employee to the Company of such vouchers
or expense statements satisfactorily evidencing such expenses as may be
reasonably required by the Company or its accountants. Such reimbursement shall
include a mileage charge for the use by the Employee of his personal automobile
for business purposes other than for transportation between home and work.

         7. TERMINATION.

                  (a) BY COMPANY - FOR CAUSE. The Company shall have the right
to terminate the employment of the Employee for cause immediately upon providing
written notice to the Employee. For purposes of this Agreement, "cause" shall
mean only the occurrence of any of the following, each of which shall be deemed
a breach of this Agreement:

                           (i) Employee's failure (other than as a result of
illness or mental or physical disability), within seven (7) days after written
notice from the Company, to cure any material breach of the Employee Duties or
the Employee Manual (as defined below) or any of his other obligations under
this Agreement;

                           (ii) Employee's habitual and material negligence in
the performance of the Employee Duties, Employee Manual or the Employee's
negligence otherwise, which in either event results in a material loss to the
Company; In no event shall the results of the Company's operations or any
business judgment made in good faith by the Executive constitute an independent
basis for termination for cause of the Executive's employment under this
agreement.

                           (iii) Employee's commission of any act of corporate
theft, misappropriation of funds, breach of fiduciary duty as an officer of the
Company or other willful misconduct, act of dishonesty or intentional harm
against or to the Company;

                           (iv) Employee's conviction of or pleading nolo
contendere to any felony;

                           (v) Employee's failure to abide by the Company's
policies or procedures, including, but not limited to the Company's policy
against disclosure of "Confidential Information" (as hereinafter defined),
sexual harassment and discrimination, use of corporate resources or property for
personal gain and other policies described in writing by the Company in the
Company's employee manual as modified from time to time ("Employee Manual")

                                       3
<PAGE>

                           (vi) The Employee's employment under this shall
terminate upon his death. In such event, his estate shall be entitled to receive
the Employee's base salary and other benefits to which the Employee is entitled
under this agreement up to the effective date of such termination.

                           the event the Company elects to terminate the
Employee's employment hereunder as set forth above, the Company shall give
written notice to such effect to the Employee, which notice shall describe in
reasonable detail the actions of the Employee constituting cause.

                  (b) SEVERANCE PAY. If this Agreement is terminated by the
Company with or without cause then (without limiting any other rights or claims
which employee may have in respect of the Company's breach of contract or
otherwise), the Employee shall be entitled to receive from the Company the full
salary, stock options and other benefits (including family health insurance or
reimbursement for the cost of COBRA insurance) described in Par. 6 from the date
of such termination through the end of the Term. If the Company elects not to
renew this Agreement at the end of the Term or if this Agreement is terminated
less than one year from the end of the Term, then Employee shall be entitled to
receive from the Company a one year termination bonus of all compensation
described in Par. 6. Such severance shall be paid monthly beginning at
termination or the non-renewal of this Agreement. If this Agreement is
terminated by the Employee without cause, then Employee shall have the right to
retain and receive all options, stock grants and other benefits earned through
the date of termination, but will not be due any severance pay as described in
this paragraph. If this Agreement is terminated by the Employee without cause,
then Employee shall have the right to retain and receive all options, stock
grants and other benefits earned through the date of termination, but will not
be due any severance pay as described in this paragraph.

         8. INDEMNIFICATION.

                  (a) The Company shall defend, indemnify and hold Employee
harmless if Employee was or is a party or is threatened to be made a party to
any action, claim, suite or proceeding, whether civil, criminal, administrative
or investigative (including any action by or in the right of the Company by
reason of the fact that he is or was a director, officer, committee chairman,
General Counsel or member, employee, or agent of the Company, including the fact
that he was performing requested services of the Company, or is or was serving
at the request of the Company as a director, officer, employee or agent of
another business, foreign or domestic, profit or nonprofit corporation,
partnership, joint venture or other enterprise. This indemnification shall cover
and include expenses (including attorneys' fees, judgments, fines and amounts
paid in settlement) actually and reasonably incurred by him in connection with
such action, claim, suit or proceeding, regardless of whether such expenses and
liabilities are otherwise covered by insurance in favor of Employee.

                  (b) If the Company's indemnity obligations under this Section
are not otherwise insured, the Corporation shall be self-insured to the extent
necessary to provide such indemnity protection.

                  (c) The indemnification and advancement of expenses provided
for herein shall not be deemed exclusive of any other rights to which Employee
may be entitled, both as to

                                       4
<PAGE>

action in his official capacity and as to action in another capacity while
holding such office, and shall continue as to Employee and Employee has ceased
to be a director, officer, committee chairman, or member, employee, or agent and
after Employee ceases serving at the request of the Company as a director,
officer, employee or agent of another business, foreign or domestic, profit or
nonprofit corporation, partnership, joint venture or other enterprises, and
shall inure to the benefit of his heirs and legal representatives.

                  (d) The Company shall procure insurance on Employee in his
positions as director, officer, committee chairman, or member, employee, or
agent of the Company, or if Employee was serving at the request of the Company
as a director, officer, employee or agent of another business, foreign or
domestic, profit or nonprofit corporation, partnership, joint venture or other
enterprise against any liability asserted against or incurred by him in any such
capacity, or arising out of his status as such, whether or not the Company would
have the power to indemnify him against such liability under the business
corporation law of Florida or professional laws of Florida.

                  (e) To the extent that any portion of this Section is found to
be illegal or beyond the permissible limits of indemnification for any reason,
such portion shall be deemed to be modified or amended, or if necessary deleted,
to the extent required to comply with applicable law, it being the intent of
this Section to afford indemnification of Employee to the full extent provided
for herein.

         9. DISABILITY.

                  (a) If Employee becomes partially disabled and unable to
effectively perform the work or totally disabled, he shall continue to be an
employee of the Company and shall be entitled to compensation under this
Employment Agreement for a period of twelve (12) months.

                  (b) At the end of the twelve month (12) period following the
onset of the disability, the disabled Employee shall cease to be an employee of
the Company. If Employee thereafter ceases to be disabled, he may, upon such
terms and conditions as may be agreed upon between him and the Company, resume a
full or part-time position with the Company.

                  (c) If Employee dies after becoming disabled, his estate shall
be entitled to the payments provided for by Section 6 for the length of the
Term, which Employee would have received if he had lived.

         10. MISCELLANEOUS.

                  (a) NOTICES. All notices, demands or other communications
given hereunder shall be in writing and shall be deemed to have been duly given
only upon hand delivery thereof or upon the first business day after mailing by
United States registered or certified mail, return receipt requested, postage
prepaid, addressed as follows or to such other address or such other person as
any party shall designate, in writing, to the other for such purposes and in the
manner hereinabove set forth.

                                       5
<PAGE>

                  To Company:              5th Avenue Channel, Inc.
                                           3957 N.E. 163rd Street
                                           North Miami Beach, FL 33160

                  To Employee:             Mel Rosen
                                           North Miami, FL

Entire Agreement. This Agreement sets forth all the promises, covenants,
agreements, conditions and understandings between the parties hereto with
respect to the subject matter contained herein, and supersedes all prior and
contemporaneous agreements, understandings, inducements or conditions with
respect to said subject matter, expressed or implied, oral or written, except as
herein contained.

                  (b) AMENDMENT. The parties hereby irrevocably agree that no
attempted amendment ' modification, termination, discharge or change
(collectively, "Amendment") of this Agreement shall be valid and effective,
unless the parties shall unanimously agree in writing to such Amendment.

                  (c) NO WAIVER. No waiver of any provision of this Agreement
shall be effective unless it is in writing and signed by the party against whom
it is asserted, and any such

                    [PAGE 6 OF THE ORIGINAL DOC. IS MISSING]!

                                       6
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date above written.

EMPLOYEE:                                            5TH AVENUE CHANNEL CORP.

------------------------------                       By:
Mel Rosen                                               ------------------------
                                                        Mel Rosen
                                                        Chairman of the Board

                                       7

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