Document:

Exhibit 10.12   Contract with Orix Credit Alliance, Inc.

<PAGE>

Ex 10.12

 (Stair) Page 1 of 2                             (Drivers License I) t5iaie)
ORIX CREDIT ALLIANCE, INC. (the "LESSOR")            LEASE NO.C-09-11941.3
300 Lighting Way o Secaucus, New Jersey 07096-1 525  Telephone:(201) 601 -9000
FULL LEGAL NAME AND ADDRESS OF "LESSEE'              SUPPLIER OF EQUIPMENT
2649 PEMBERTON                                          (complete address)
DRIVE
GULFSTREAM MAILING & SHIPPING SYSTEMS, INC.
APOPKA FLORIDA                   32703               9IOS.W. I2THAVENUE
                                                     POMPANOBEACH FL 33069

NAME AND TITLE OF PERSON TO    CONTACT :
____                   DESCRIPTION: MODEL #, CATALOG N, OR OTHER IDENTIFICATION.

E ONE ( I) BELL & HOWELL MODEL A496~I -C8 8 STATION INSERTER Q S/N 34~958 I WITH
T/O & CONVEYOR.

U
I
P

M ONE (I) HEIDELBERG MODEL SORKZ 19x25 PRINTING PRESS E S/N 522398.
N
T
L
E
A
S
E
D

LOCATION OF EQUIPMENT: STREET ADDRESS (IF DIFFERENT THAN LESSEE'S ADDRESS
SHOWN ABOVE)
<TABLE>
<CAPTION>

<S>            <C>      <C>      <C>                    <C>         <C>                <C>                   <C>

CITY:                    COUNTY:                            STATE:                       RECORD OWNER:
  LEASE CHARGE $ 9,616.22         FOR INITIAL TERM OF THIS LEASE                                               AFTER
INITIAL TERM
  AMOUNT OF EACH         NO. OF RENT       TOTAL RENT           INITIAL TERM OF             AI)V&NCE RENT          MONTHLY
RENEWAL

  RENT PAYMENT           PAYMENTS                          LEASE (NO. OF MONTHS)                                        RENT
     $_____4,700.00           24       $       112,800.00                24              S                  0.00     S         0.00
(PLUS SALES TAX, IF                     (PLUS SALES TAX, IF          MONTHS                (PLUS SALES TAX, IF       (PLUS
SALES TAX, IF
    APPLICABLE)                            APPLICABLE)                                        APPLICABLE)
APPLICABLE)
</TABLE>

                   S Terms and Conditions of Lease 1 . Lessee hereby leases from
Lessor,  and Lessor leases to Lessee,  the equipment  and/or  personal  property
described  above and in any schedule made part hereof (herein called  Equipment)
which Lessee warrants shall be used for commercial purposes only and not for any
farming or other  agncultural  purpose.  2. Lessee  requests  Lessor to purchase
Equipment of the type and quality  specified above from the supplier named above
and agrees upon  written  acceptance  hereof,  signed at  Lessor's  office by an
authorized  officer of Lessor to lease said  Equipment from Lessor on the terms,
provisions and conditions of this lease.  Lessor agrees to order such Equi pment
from said  supplier,  but shall not be liable for specific  performance  of this
lease or for damages if for any reason the supplier  delays or fails to fill the
order.  Lessee shall accept such equipment upon delivery.  And hereby authorizes
Lessor to add to this  lease the  serial  number  of each item of  Equipment  so
delivered.  Any delay in such  delivery  shall not affect  Lessee's  obligations
hereunder.  Lessee  represents that Lessee has selected the equipment leased AND
LESSEE AGREES THAT LESSOR HAS NOT MADE AND MAKES NO R PRESE~TATIONS OR W~(RANTIJ
DIRECTLY  OR  INDIRECTLY  EXPRESS OR IMPLIED  AS TO THE  SUITABILITY  DURABILITY
FITNESS FOR USE  MERCHANTABILITY  CONdITION  QUALITY,  OR  OTHERWISE OF ANY SUCH
EQUIPMENT  LESSEE   SPECIFICALLY   WAiVES  ALL  RIGHTS'TO  MAKE  CLAIM  At~AINST
LESSdR}IEREIN FOR BREACH OF ANY WARRANTY OF ANY kIND WHATSOEVER AND AS TO LESSOR
OR LESSOR'S ASSIGNEE,  LESSEE LEASES THE EQUIPMENT "AS IS" LESSOR HEREBY ADVISES
LESSEE THAT IT MAY HAVE RIGHTS  AGAINST THE SUPPLIER OF THE EQUIPMENT AND TI-EAT
IT SHOULD CONTACT THE SUPPLIER FOR A DESCRIPTION  OF SUCH RIGHTS.  LESSEE AGREES
TO CLAIM ONLY AGAINST THE SUPPLIER FOR  COMPLIANCE  WITH ANY SUCH  WARRANTIES AS
MAY EXIST'  LESSOR AND LESSOR'S  ASSIGNEE  SHALL NOT BE LIABLE TO LESSEE FOR ANY
LOSS DAMAGE OR EXPENSE OF ANY KIND OR  NATURE'CAUSED  DIRECTLY OR  INDIRECTLY BY
ANY EQUIPMENT LEASED HEREUNDER OR 1'HE USE OR MAINTENANCE THEREOF OR THE FAILURE
OF  OPERATION  THEREOF OR THE REPAIRS  SERVICE OR  AD1USTMENT  THERETO OR BY ANY
DELAY OR FAILURE TO PROVIDE ANY THEREOF,  OR BY ANY  INTERRUPTiON  OF SERVICE OR
LOSS OF USE  THEREOF  OR ~OR ANY  LOSS OF  BUSINESS  OR  DAMAGE  WHATSOEVER  AND
HOWSOEVER CAUSED.  3. As used herein,  "Actual Cost' means the cost to Lessor of
purchasing and delivering Equipment to Lessee,  including taxes,  transportation
charges,  and other charges and the amount of any transaction  charge  disclosed
below and not paid in cash by Lessee at the time of  acceptance  by Lessor.  The
amount of each Rent Payment,  the Advance  Rent,  and any Renewal Rent set forth
above  are based on the  estimated  cost to Lessor  and shall  each be  adjusted
proportionally  if the Actual Cost  differs  from said  estimated  cost.  Lessee
hereby irrevocably authorizes Lessor to correct the figures set forth above when
the Actual Cost is known,  and each Rent Payment shall be increased by any sales
orother tax that may be imposed on or measured by the rent  payments.  If Actual
Cost differs from the estimated cost by more than ten percent thereof, Lessor at
its option,  may terminate  this lease by giving  written notice to Lessee after
receiving  notice of 4ctual  Cost.  If prior to  delivery  there shall occur any
event  of  default  hereunder,  Lessee  shall be  liable  for  Lessor's  damages
occasioned  thereby,  which for purposes of this  paragraph  only,  it is agreed
shall be all amounts paid on account of the Equipment and other charges incurred
in connection with the Lease plus interest  thereon at the Past Due Rate defined
below.,  , . . . . 4.  The  initial  term  of  this  lease  commences  upon  the
acceptance hereof by Lessor and ends upon the expiration of the number of months
specified above (for the initial lease  term)after the rent  commencement  date,
which date  shall be the date upon which the  supplier  ships the  Equipment  to
Lessee,  or  12-7-98.  whichever  is  earlier.  Lessee  agrees  to pay  Lessor a
transaction charge of $560.00 upon its acceptance hereof.,

5. . Lessor  will  upon  Lessee's  written  request,  request  the  supplier  to
authorize  Lessee  to  enforce  in its own name all  warranties,  agreements  or
representations,  if any, which may be made by the supplier to Lessee or Lessor.
Notwithstanding  the  foregoing  Lessor  itself makes no express nor implied nor
statutory warranties as to any matter whatsoever,  including without limitation,
the condition of Equipment its merchantability or its fitness for any particular
purpose.  No  defect or  unfitness  of  Equipment  shall  relieve  Lessee oi the
obligation  to pay rent or of any other  obligation  under  this  lease.  Lessee
agrees that any  maintenance  service to be performed is the sole  obligation of
Lessee who may arrange for same with the supplier of Equipment. 6. Lessee agrees
to pay to Lessor at 100 Dutch Hill Road,  Orangeburg,  New York or at such other
place as Lessor  may  direct in  writing  Total Rent equal to the number of rent
payments  specified  herein  multiplied by the amount of each payment  specified
herein.  The first rent payment and any advance rent shall be due upon execution
of this lease by Lessee;  any deposit or  acceptance of such sum by Lessor shall
not be deemed acceptance of this lease. In no event shall the first rent payment
or advance rent be refunded to Lessee.  The second rent payment shall be due and
payable one month after the rent  commencement date and subsequent rent payments
for the initial term shall  continue on the same date of each  successiye  month
thereafter until the Total Rent and any other sums payable hereunder are paid in
full.  Any  installment  not paid on or before its due date and, tq the.  extent
permitted by  applicable  law, the entire  unpaid Total Rent after  acceleration
shall  thereafter bear interest at a rate of, 1/15 of I % per day (the "Past Due
Rate")  until this lease is paid in fill.  in no event  shall any late charge or
the Past Due Rate  exceed any  maximum  permitted  by law. It for any reason any
interest rate, late charge,  fee or other charge imposed or which may be imposed
under  this  Lease  exceeds  the  maximum  amount  which  may be  imposed  under
applicable  law,  the amount of such  interest  rate late  charge,  fee or other
charge,  in excess of the maximum shall be void and any such excess collected by
Lessor  applied to the  reduction  of this lease or, to the extent  permitted by
applicable law to other obligations of the Lessee owing to Lessor, as Lessor may
determine  and any remaining  excess shall be refunded to Lessee.  Should Lessor
pay be or on account of the  Equipment  any sums more than  thirty days prior to
the rent commencement date, Lessee will pay Lessor as additional rent along with
the first rent,  payment due after the rent commencement date an amount equal to
the east Due Rate for each day from the date of payment to the rent commencement
date.  Lessee  will pay in  advance  to Lessor  if so  requested,  any  personal
property tax as estimated by Lessor pro-rated on a monthly basis. 7. Lessor may,
but shall not be  obligated,  to apply any  advance  .rent  toward  curing,  any
default of Lessee hereunder,  in which event Lessee shall promptly,  restore the
advance  rent to the full  amount  specified  herein Any  advance  rents paid to
,Lessor  without  charge or interest  and may be applied by Lessor,  in its sole
discretion,  against the unpaid  installments  of rent  hereunder in the inverse
order of their  respective  maturities,  but Lessor shall not be obligated to do
so. 8. , If, upon the  expiration  of the  original or any renewal  term hereof,
Lessee is not then and has not been in default in any of Lessees  obligations to
Lessor and this lease  specifies a RenewaI  Rent  amount,  Lessee may renew this
lease for one year at the Renewal  Rent  amount so  specified  by giving  Lessor
written  notice of renewal at least  sixty days prior to the  expiration  to the
initial or any renewal  term and  payment  along with such notice of the Renewal
amount.  If this  lease is not  renewed  under,  the  terms  of the  immediately
preceding sentence for any reason whatsoever,  Lessor may notify Lessee prior to
the expiration of the original or any renewal term hereof,  that if Lessee fails
to return the  Equipment as herein  provided at the end of the then current term
hereof,  this lease shall be renewed for an additional one year term at the same
rent  provided  for in this  lease for the  initial  term.  All of the terms and
conditions  of this lease shall apply and be in full force and effect during any
and all  renewal  terms.  9.  Lessor  is hereby  authorized  to tile one or more
financing  statements or reproduction  hereof as a financing  statement.  Lessee
hereby,  irrevocably appoints Lessor as the true and lawful  attorney-in-fact of
Lessee,  coupled with an interest  with full power in Lessee's  name,  place and
stead to execute  financing  statements on Lessee's behalf and to do any and all
other acts on Lessee's behalf  necessary or helpful to p4rfe~t Lessor s security
interest in the Collateral  (defined below)  pursuant to the Uniform  Commercial
Code o~ other applicable law. The Lessee grants to Lessor a security interest in
,the  equipment  and any and all  documents,  instruments,  chattel paper goods,
general intangibles, inventory, machinery, contract rights, equipment, fixtures,
accounts  anti  insurance  in which  Lessee  now or  hereafter  has any right or
interest  (all of the  foregoing  together  with all  accessories,  attachments,
replacements,  substitutions and accessions thereto, and all proceeds,  products
and rents  therefrom  collectively  called  "Collateral)  ) and agrees that said
security  interest  secures the payment,  performance and fulfillment of all the
obligations  of  Lessee  to  Lessor or any  affiliate  qt  Lessor  whether  such
obligations are now existjng or hereafter incurred or arising, are contingent or
non-contingent, ,are direct or indirect, arise by assignment or otherwise or are
contemplated or not contemplated as of the date of this lease. Lessor may at any
time, with or without  exercising any of the rights or remedies  available to it
and without

   SEE PAGE (2) FOR ADDITIONAL TERMS AND CONDITIONS WHICH ARE PART OF THIS LEASE
The  undersigned  Lessor and Lessee agree to all terms and  conditions set forth
above and on Page (2) hereof,  and in wimess  thereof hereby execute this lease.
THE EQUIPMENT IS LEASED  HEREUNDER AS-IS AND LESSOR MAKES NO EXPRESS NOR IMPLIED
NOR  STATUTORY  WARRANTIES  AS  TO  ANY  MATTER  WHATSOEVER,  INCLUDING  WITHOUT
LIMITATION THE CONDITiON OF THE EQUIPMENT,  ITS  MERCHANTABILITY  OR ITS FITNESS
FOR ANY PURPOSE.

  Accepted By: ORIX CREDIT ALLIANCE, INC.
<PAGE>

At its Maitland Fl 32751 Office
By (Vice President) Date 12-4-98

Lessee(s)

  [GRAPHIC OMITTED][GRAPHIC OMITTED]

                                      Date

  --------------------------------------------------------------------
  (Witness ito L.essee's and          (Drivers License #)
  Co-Lessee's Signature)              (State)
  --------------------------------------------------------------------
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  (Witness as to Lessee', and         (Drivers License #)
  Co-Lessees Signature)

          TERMS AND CONDITIONS OF EQUIPMENT LEASE AGREEMENT (Continued) Page (2)
prior notice or demand to Lessee, appropriate and apply toward payment of any of
Lessees  obligations to Lessor any and all balances,  sums,  property,  credits,
deposits,  accounts,  reserves.  collections,  monies,  drafts,  notes or checks
coming into  Lessor's  possession  and belonging or owing to Lessee and for such
purposes,  endorse  Lessee's name on any such  instrument made payable to Lessee
for deposit, negotiation,  discount or collection. Such applications may be made
and/or any monies  paid to Lessor may be  applied  and/or  previous  application
changed  to apply.  without  notice to  Lessee,  partly  or  entirely  to any of
Lessee's  obligations to Lessor arising  hereunder or otherwise as Lessor in its
sole discretion may elect. 10 Unless Lessee agrees Lessor written notice of each
defect or other proper  objection to an item of Equjpment  within three business
days after receipt thereof, it shall be conclusively presumed, as between Lessee
and Lessor,  that the item was delivered in good repair and that Lessee  accepts
it as an  item of  Equipment  described  in  this  lease.  Lessee  warrants  and
represents  that no item of Equipment has been  delivered to Lessee prior to the
date of  Lessor's  acceptance  hereof,  which  shall be deemed  the date of this
lease. Lessee will deliver to Lessor a  delivery/installation  receipt (Lessor's
form) for each and every item  immediately  upon Lessor's  request.  At Lessor's
request, Lessee will furnish current financial statements satisfactory to Lessor
in form,  preparation and content, . I I Lessee shall use Equipment in a careful
manner  and shall  comply  with all laws  relating  to its  possession,  use and
maintenance.  The  Equipment  shall  be  delivered  and  thereafter  kept at the
location  specified above or. if none is specified,  a; Lessee's  address as set
forth above,  and in no event shall the  Equipment or the  Collateral be removed
therefrom or from the 48 contiguous States of the United States without Lessor's
prior  written  consent.  Lessor  may,  for the  purpose of  inspection.  at all
reasonable  times,  enter upon any premises  where  Equipment is located and may
remove Equipment forth with,  without notice to Lessee,  if Equipment is, in the
opinion of Lessor,  being used beyond its  capacity or in any manner  improperly
cared for or abused.  . . 12. It Lessor supplies Lessee with labels stating that
Equipment  is owned by Lessor,  Lessee  shall affix and keep same in a prominent
place on each item of Equipment. Lessee, at its expense, shall keep Equipment in
good repair and  furnish all parts  mechanisms  and devices  required  therefor.
Lessee shall not make any  alterations.  additions or  improvements to Equipment
without Lessor's prior written consent.  All additions and improvements  made to
Equipment shall belong to Lessor.  Upon the expiration or earlier termination of
this lease,  Lessee at its sole expense,  shall return Equipment in good repair,
ordinary  wear and tear  resulting  from proper use thereof alone  excepted,  by
delivering  it to such place as Lessor may specify.  If Lessor,  for any reason,
does not receive  the  Equipment  immediately  upon the  expiration  of the term
hereof and there is no renewal  under  section 8 hereof,  Lessor will receive as
use and  occupancy of the  Equipment  or any portion  thereof for cacti month or
portion  thereof,  between  the date of  expiration  and the date of  return  of
Equipment, an amount equal to 150% of the monthly rent specified for the initial
lease term and the  provisions  hereof  shall  remain in effect and bind  Lessee
until such return of Equipment.  I 3 ~ Lessee hereby  assumes and shall bear the
entire  risk of  loss of and  damage  to  Equipment  from  any and  every  cause
whatsoever.  No loss of or damage to Equipment or any part thereof  shall impair
any  obligation  of Lessee  hereunder,  which  shall  continue in full force and
effect.  In the event of damage of any kind  whatever  to any item of  Equipment
(unless the same be damaged  beyond  repair),  Lessee,  at the option of Lessor,
shall at Lessee's  expense  place the same in good repair  condition and working
order,  or replace the same with like equipment of the same make and the same or
a later model, in good repair, condition and working order. It Equipment. or any
portion  thereof,  is  determined  by Lessor to be lost,  stolen,  destroyed  or
damaged beyond repair,  Lessee shall  immediately pay Lessor therefor in cash an
amount equal to the sum of (a) the greater of he actual fair market value of the
Equipment  involved or fifty  percent(50%)  of the Actual Cost of the  Equipment
involved,  plus (b) the greater  of25% of the  aggregate  amount of unpaid Total
Rent for the balance of the term of this lease or 115% of the unpaid  Total Rent
allocated by Lessor to the Equipment involved.  Upon payment as aforesaid,  this
lease shall  terminate  with  respect to the items of  Equipment  involved.  The
proceeds of any insurance  payable as a result of loss of or damage to Equipment
shall be applied, at the option of Lessor,  toward the replacement,  restoration
or repair of  Equipment.  Lessee  shall at  Lessee's  own  expense,  provide and
maintain  insurance,  satisfactory  to Lessor against loss,  theft,  conversion,
damage or  destruction  of the  Equipment  in an  amount  not less than the full
replacement  value  thereof  with loss  payable to Lessor.  Each policy shall be
delivered to Lessor and shall expressly provide that said insurance as to Lessor
and its  assigns  shall nor be  invalidated  by any act,  omission or neglect of
Lessee,  and that the  insuror  shall give thirty  (30) days  written  notice to
Lessor of the  alteration or  cancellation  of the policy.  Lessor may apply the
proceeds  of any of said  insurance  to  replace or repair  Equipment  and/or to
satisfy,  in whole or in part.  Lessee's  obligations  to Lessor.  Lessee hereby
irrevocably  appoints  Lessor as  Lessee's  attorney-in-fact  to make claim for,
receive  payment of and  execute and  endorse  all  documents,  checks or drafts
received in payment for loss or damage under any of said insurance. Lessee shall
also provide and maintain paid public  liability  (personal  injury and property
damage) insurance,  satisfactory to Lessor, naming Lessor as additional insured.
Notwithstanding  the above,  Lessor has the right,  but not the  obligation,  to
obtain insurance on the Equipment  protecting  Lessor at Lessee's expense and to
maintain such  insurance at Lessee's  expense  unless  written  evidence of such
insurance  satisfactory to Lessor is provided to Lessor when and as requested by
Lessor.  Lessee's expense shall include the `oil premium paid by Lessor for such
insurance  and any  customary  charges  or fees of  Lessor  and of any  designee
associated  with  such  insurance.  Lessee  shall  pay  such  amounts  in  equal
installments allocated to each lease payment plus interest on such amount at the
Past Due Rate. . o . . , 14.  Lessee shall hold  harmless and  indemnify  Lessor
against any and all claims,  actions,  proceedings,  expenses,  attorneys' fees,
damages  and  liabilities,   arising  in  connection  with  the  Equipment,  its
manufacture,  selection,  purchase, delivery,  possession,  ownership,  leasing,
renting, control,  maintenance, use, operation and/or return and the recovery of
claims under insurance policies thereon.  Lessee shall pay promptly when due all
charges and taxes (local,  state and federal)  which may now or  hereinafter  be
imposed upon the ownership leasing,  renting, sale, purchase,  possession or use
of  Equipment,  and shall save  Lessor  harmless  against any actual or asserted
violations and pay all costs, expenses, penalties, interest and charges of every
kind in connection  therewith or arising  therefrom.  The  obligations of Lessee
shall survive the  termination of this  agreement.  15.  Without  Lessor's prior
written consent, Lessee shall not (a) assign, transfer,  pledge,  hypothecate or
otherwise

      dispose  of this  lease or any  interest  the rent,  or (b) sublet or lend
      Equipment or any part thereof or permit it to be used by anyone other than
      Lessee or  Lessee's  employees.  Lessor and its  assignee  may assign this
      lease and/or mortgage the Equipment,  in whole or in part,  without notice
      to  Lessee.  Each such  assignee  and/or  mortgagee  shall have all of the
      rights but none of the  obligations  of Lessor  hereunder.  Lessee  hereby
      recognizes  each such  assignment  and agrees to pay the  balance of Total
      Rent to any assignee  and not to assert  against any assignee any defense,
      counterclaim,  recoupment or set-off that Lessee may have against  Lessor.
      Subject  to the  foregoing,  this  lease  mores to the  benefit  of and is
      binding upon the heirs,  legatees,  personal  representatives,  survivors,
      successors and assigns of the parties hereto.

16.   16 Time is of the  essence  of this  lease and shall  not be  affected  by
      acceptance of any overdue payment.  Lessee hereby  irrevocably  authorizes
      any  attorney  of any court of record to appear for and  confess  judgment
      against  Lessee  (except  in any  jurisdiction  where  such  action is not
      permitted by law) for all unpaid amounts due hereunder,  plus expenses and
      20% added for  attorneys'  fees,  without  stay of  execution,  and Lessee
      hereby  waives the issue of process,  all rights of appeal and relief from
      any and all appraisement, stay or exemption laws then in force.
17. . If Lessee fails to pay any rent or any other amount  hereunder when due or
fails to pay when due any obligations of Lessee to Lessor arising  independently
of this lease or fails to perform any of the terms and  provisions  hereof or of
any  other  agreement  held  by  Lessor  or  dies  or  changes  its  management,
operations,  ownership of its stock, or control,  becomes  insolvent or makes an
assignment for the benefit of creditors or if any  bankruptcy,  receivership  or
other  insolvency  proceeding is  instituted  by or against  Lessee or if Lessor
shall at any time  deem the  Equipment  in  danger  of  misuse,  concealment  or
misappropriation  or if Lessor shall deem itself  insecure ~ (the  occurrence of
one or more of the  foregoing  being a  "default"  hereunder)  then  Lessor may,
without  notice or  demand,  declare  immediately  due and  payable  the  unpaid
aggregate  amount of Total Rent for the entire  term hereof  (discounted  to its
then present  value using as a rate the then current  Federal  Reserve  Discount
Rate for the District of Lessee's residence or principal place of business) plus
any additional rent, taxes, late charges,  collection charges and all other sums
owing to Lessor by Lessee  (the sum of all 9f which is  hereinafter  called  the
"Balance'1) and attorneys'  fees (which  attorneys' fees are hereby agreed to be
not less than 20% of the Balance),  whereupon said Balance and  attorneys'  fees
shall  immediately  be due and  payable  and Lessee  shall  immediately  deliver
possession  of  Equipment  to Lessor and Lessor  may,  at its option and without
notice and without legal process (Lessee hereby waiving,  with full knowledge of
Lessee's rights and the effect of this waiver, any right to a hearing nor to any
repossession of any Collateral by Lessor),  to the extent  permitted by law: (1)
recover the Balance (plus any Terminal  Purchase Option Amount which  represents
Lessor's  reversionary  interest in the  Equipment,  if Lessee  fails to deliver
possession  of the  Equipment  to Lessor),  plus  attorneys'  fees in the amount
aforesaid'  (2) take  possession of the  Equipment  wherever same may be located
with all additions, accessions, replacements and substitutions), Lessee agreeing
to assemble same and deliver same to a place designated by Lessor, whereupon all
rights of Lessee in the Equipment shall  terminate  absolutely (but Lessee shall
not be released from its obligations under this agreement until the Balance plus
attorneys' fees in the amount  aforesaid have been paid in full),  Lessee hereby
authorizing  and  empowering  Lessor or its  designee to enter upon any premises
where the Equipment may be found and take possession and carry away same without
process of law, and (a) retain  Equipment and all prior payments of rent; or (b)
retain all prior  payments  and either (i) sell  Equipment  at public or private
sale with the right in Lessor to  purchase  any of the  Equipment  at such sale,
which sale  shall be deemed to be held in a  commercially  reasonable  manner in
accordance  with  applicable law if at least 15 days prior notice of any private
sale is given,  or if at least 10 days prior  notice of any public sale is given
and advertised in a publication  of general  circulation in the area of the sale
at least twice prior to the sale,  applying  any net  proceeds  less,  if Lessee
fails LO deliver possession of the Equipment any Terminal Purchase Option Amount
(which  represents  Lessor's  reversionary  interest in the  Equipment),  to all
charges and expenses  incurred by Lessor in connection with or incidental to the
repossession   and  sale  of  the   Equipment   including  but  not  limited  to
transportation,   storage,  repair,   refurbishing  and  advertising  costs  and
attorneys'  fees  then to the  Balance  and then to any other  amounts  owing by
Lessee to Lessor;  or (ii)  retain the  Equipment  and  credit  Lessee  with the
reasonable  re-leasing  value of the Equipment during the remaining term of this
lease,  Lessee  remaining  liable for any  deficiency;  and (3) pursue any other
remedy permitted by law or equally. It is agreed that any amounts to be retained
by Lessor and any sums to be paid by Lessee  under this  paragraph  shall not be
deemed o be a penalty  but are  liquidated  damages for the breach  hereof.  The
remedies  provided for herein are  cumulative and may be exercised to the extent
permitted by law, successively or concurrently and the exercise of one shall not
bar any other. TO THE MAXIMUM EXTENT  PERMITTED BY LAW,  LESSOR,  LESSEE AND ANY
GUARANTOR,  EACH THEREBY KNOWINGLY  VOLUNTARILY AND INTENTIONALLY WAIVES (A) ANY
AND ALL RIGHT TO A TRIAL BY JURY OF ANY AND ALL CLAIMS,  DEFENSES  COUNTERCLAIMS
CROSSCLAIMS AND SETOFF OR RECOUPMENT CLAIMS ARISING,  DIRECTLY OR INDIRECTLY OUT
OF UNDER IN  CONNECTION  WITH OR IN ANY WAY  RELATED TO THIS  LEASE AND  WHETHER
BASED IN CONTRACT OR IN TORT OR PURSUA~TTO STATUTE,  AND (B) ANY AND ALL RIGHTTO
CLAIM OR RECOVER ANY  PUNITIVE  OR  CONSEQUENTIAL  DAMAGES OR ANY DAMAGES  OTHER
THAN, OR IN ADDITION TO, ACTUAL DAMAGES. 1 8 . All notices relating hereto shall
be in writing and  delivered  in person to an officer of the party to which such
notice is being given or ~ mailed by certified mail to such party at its address
specified  above or at such other  address as may hereafter be specified by like
notice by either party to the other.  All notices will be deemed  effective five
days after mailing by certified  mail to the address shown herein for any party.
If more than one Lessee is named in this lease,  the liability of each hereunder
shall be joint and several. <PAGE>

19. The  Equipment is and shall remain the property
of Lessor.  Lessee at its own cost and  expense,  shall  protect  and defend the
title of Lessor.  Lessee shall at all times keep  Equipment  tree and clear from
all liens,  attachments,  levies,  encumbrances  and  charges or other  judicial
process shall give Lessor  immediate  written notice thereof and shall indemnify
and save Lessor  harm1ess from any loss or damage caused  thereby.  Lessee shall
have no right,  title or interest in or to  Equipment,  except as expressly  set
forth in this lease,  nor shall  Lessee have any equity nor be deemed to develop
any equity in the  Equipment by virtue of this  agreement or any payment made by
Lessee or otherwise;  Lessee's  interest in the Equipment being that of a lessee
only. This Equipment shall remain personal  property even though installed in or
attached to real property.  No invoice  issued prior to complete  performance of
this lease shall operate to pass title to Lessee. All Equipment and any proceeds
thereof,  accessories parts and replacements for or which are added to or become
attached to Equipment shall immediately  become the property of Lessor and shall
be deemed incorporated in Equipment and subject to the terms of this lease as if
originally leased hereunder.  AS PART OF THE CONSIDERATION FOR LESSOR'S ENTERING
INTO THIS LEASE LESSEE  LESSOR AN!) ANY GUARANTOR  HEREBY  DESIGNATE AND APPOINT
EDWIN M. BAUM ESO. AND C-A CREDIT CORP. BOTH OF NEW'YORK,  OR EITHER OF THEM, AS
THEIR  TRUE AND  LAWFUL  ATFORNEY-IN-FACT  AND AGENT FOR THEM AND IN THEIR  NAME
PLACE AND STEAD TO ACCEPT  SERVICE OF ANY  PROCESS  WITHIN THE STATE OF NEW YORK
THE PARTY CAUSING SUCH PROCESS TOI BE SERVED

  AGREEING TO NOTIFY THE OTHER  PARTYUES) AT THEIR ADDRESS SHOWN,  OR THEIR LAST
  KNOWN ADDRESS BY CERTIFIED MAIL, WITHIN THREE DAYS OF SUCH SERVICE HAVING BEEN
  EFFECTED.  LESSEE,  LESSOR AND ANY  GUARANTOR  H~EREOF  AGREE TO THE EXCLUSIVE
  VENUE AND  JURISDICTION  OF ANY COURT IN THE STATE AND  COUNTY OF NEW YORK FOR
  ALL ACTIONS, PROCEEDINGS, CLAIMS COUNTERCLAIMS OR CROSSCLAIMS ARISING DIRECTLY
  OR INDIRECTLY  OUT OF UNDER IN CONNECTION  WITH, OR IN ANY WAY RELATED TO THIS
  LEASE, WHETHER BASED IN CONTRACT OR IN TORT OR AT LAW OR IN EQUITY OR PURSUANT
  TO STATUTE WITH TiLE SOLE  EXCEPTIONS  THAT AN ACTION TO OBTAIN  POSSESSION OF
  ALL OR PART  OF THE  COLLATERAL  OR ANY  OTHER  ASSETS  OF TUE  LESSEE  OR THE
  GUARANTOR HOWEVER DENOMINATED,  AND EQUITABLE PROCEEDINGS TO ENFORCE THE TERMS
  OF THIS LEASE MAY, IN THE SOLE  DISCRETION OF THE LESSOR BE BROUGHT IN A STATE
  OR FEDERAL COURT HAVING JURISDICTION OVER THE COLLA'I~ERAL,  AND/OR SUCH OTHER
  ASSETS  AND/OR  THE  LESSEE  AS THE CASE MAY BE,  AND  THAT  JUDGMENTS  MAY BE
  CONFESSED  ENTERED OR  ENFORCED  IN ANY  JURISDICTION  WHERE THE LESSEE OR ANY
  GUARANTOR  OR THE  COLLATERAL  AND/OR  ANY  OTHER  ASSETS  OF 1FHE  LESSEE  OR
  GUARANTOR MAY BE LOCATED.  LESSEE  LESSOR AND ANY GUARANTOR  HEREOF EACH WAIVE
  ANY RIGHT THEY OR ANY OF THEM MAY HAVE TO  TRANSFER OR CHANGE THE VENUE OF ANY
  LITIGATION BROUGHT IN ACCORDANCE HEREWITH.

20. LESSEE AND ANY GUARANTOR  HEREUNDER  EACH DOES HEREBY WAIVE FOREGO AND AGREE
NOT TO ASSERT ANY AND ALL RIGHTS,  CLAIMS AND DEFENSES IF ANY, UNDER THE FEDERAL
EOUAL  CREDIT  OPPOR1FUNITY  ACT AND/OR THE FEDERAL  FAIR CREDIT  REPORTING  ACT
AND/OR UNDER AN'Y COMPARABLE  STATE LAWS THAT MAY INURE TO THE BENEFIT OF LESSEE
AND/OR  GUARANTOR  IN  CONNECTION  WITH THIS  LEASE.  LESSEE  AND ANY  GUARANTOR
HEREUNDER  EACH DOES HEREBY RATIFY AND APPROVE THE  OBTAINING BY LESSOR  (AND/OR
ANY ASSIGNEE OF LESSOR) OF ANY CREDIT  REPORT  RELATING TO LESSEE AND  GUARANTOR
AND HEREBY  AGREE THAT  LESSOR  (AND/OR ANY  ASSIGNEE  OF LESSOR) MAY  HEREAFTER
OBTAIN SUCH CREDIT  REPORTS AS LESSOR  (AND/OR ANY  ASSIGNEE OF LESSOR) IN THEIR
SOLE DISCRETION IVIAY  DETERMINE.  21. . Intending that each and every provision
of this lease be fully effective  according to its terms, the parties agree that
the validity,  enforceability and effectiveness of each provision hereof and the
obligations,  rights and remedies of the Lessee  Lessor and any Guarantor in any
way related to or arising under this lease sha11 be governed by and construed in
accordance  with the laws of the State of New York  (excluding its choice of law
rules). If any one or more provisions hereof are in conflict with any applicable
statute  or law,  and thus not valid or  enforceable,  then each such  provision
shall be deemed  null and void,  but only to the  extent  of such  conflict  and
without invalidating or

  affecting the remaining provisions hereof.
22. This instrument  constitutes the entire agreement between Lessor and Lessee.
No agent or employee of the supplier is authorized to bind Lessor to this lease,
to waive or alter any term or  condition  printed  herein  or add any  provision
hereto.  Except as provided in section 3 hereof, a provision may be added hereto
or a provision  hereof may be altered or varied  only by a writing  signed by an
authorized  officer of Lessor.  Waiver by Lessor of any provisions hereof in one
or more instances shall not constitute a waiver as to any other insurance.

<PAGE>Exhibit 10.13  Contract with Catalyst Financial Corporation

<PAGE>

Exhibit 10.13  Contract with Catalyst Financial Corporation

15

Catalyst Financial Corp.
16 East 52nd Street
Suite 501
New York, New York 10022

Ladies and Gentlemen:

         In accordance with recent discussions,  Stratcomm Media Ltd., a British
Columbia  corporation  (the  "Company"),  hereby  confirms  its  agreement  with
Catalyst Financial Corp. (the "Placement Agent") as follows:

         1.  Description of Transaction.  The Company proposes to issue and sell
through the Placement Agent, in a transaction exempt from registration under the
Securities Act of 1933, as amended (the  "Securities  Act"), to a limited number
of investors  resident in, or whose  principal  place of business is located in,
the United States, which meet certain criteria for "Accredited  Investor" status
as defined in Rule 501 of  Regulation  D under the  Securities  Act,  and to the
maximum number of investors who do not meet such "Accredited Investor" criteria,
a minimum of 20 and a maximum of 50 units (the "Units"), each Unit consisting of
$50,000  of  principal  amount of the  Company's  12%  Convertible  Subordinated
Debentures (the "Debentures").  The full terms of the offering of the Debentures
by the Company shall be more fully described in the private placement memorandum
which  will  be   distributed   to  potential   investors  in  the  shares  (the
"Memorandum").

         2. Description of the Debentures.  The relative rights, preferences and
limitations of the Debentures shall be, as follows:

Purchasing Price                    100% of face value.

Closing                             Payment  of funds  into  escrow;  release of
                                    funds  to  the  Company  upon   delivery  of
                                    securities.

Term                                3 years from the date of issuance.

Interest                            12% per annum, payable quarterly on March 1,
                                    June  1,  September  1  and  December  1  in
                                    arrears,  commencing  on  September 1, 1999.
                                    This  interest  rate will only be guaranteed
                                    for Debentures issued in the first tranche.

Redemption                          Rights  The  Debentures  cannot be  redeemed
                                    during 12 months  following  the issue date.
                                    Between'12  months  and 18  months  from the
                                    issue  date,  the  Company  may  redeem  the
                                    Debentures at its sole  discretion from time
                                    to time and in whole or in part, at a

<PAGE>

Interest Reserve
Conversion Rights

Registration Rights
Ranking
Security

redemption price of 100% of the principal amount thereof,  together with accrued
and unpaid  interest  to the date of  redemption,  plus a 5% premium to the face
value.  The Premium will be paid in Company's  Common Stock with no registration
rights.  If the  Debentures are redeemed in part,  redemption  will be done on a
pro-rata basis.

The Company is required to maintain a fund sufficient to pay six months interest
on the Debentures.

The holders will have the right to convert the  debenture  into the common stock
of the company  after 12 months from the issue  date.  Conversion  price will be
$1.00 per share. After the 12 months from the issue date, should the share price
of the  Company be equal to or greater  than $1.50 per share for 20  consecutive
trading  days,  the  Company  shall  have the right to force  conversion  of all
outstanding  Debentures at the average of the share price during the said 20 day
trading period.

The Company  agrees to register with  Securities  and Exchange  Commission  (the
"SEC"), the shares underlying the Debentures within 12 months of the Closing.

The  Debentures  will be  expressly  subordinated  to,  and  subject in right of
payment to, the prior payment of the principal of, premium, if any, and interest
on Senior indebtedness (as defined).

Secured by a second priority security interest in all assets of the Company.

                                                             AsofMay2o, 1999

3. Terms of the Offering. The Units will be offered on a "best efforts, 20 Units
or none" basis,  and  thereafter on a "best efforts" basis until a maximum of 50
Units have been sold by the Placement  Agent at a purchase  price of $50,000 per
Unit.  The  Company,  in its  sole  discretion,  may  accept  subscriptions  for
fractional  Units. All proceeds received by the Company from subscribers for the
Units offered (the  "Subscribers")  will be held in escrow by Continental  Stock
Transfer & Trust  Company  (the  "Escrow  Agent") and will be  deposited  by the
Escrow Agent in a non-interest bearing escrow account (the "Escrow Account"). If
at least 20 Units are  subscribed  on or  before  July 31,  1999  (the  "Initial
Expiration  Date"),  which date may be extended  by tife  mutual  consent of the
Company and the Placement Agent for an additional 30 days (the "Extended Initial
Expiration  Date"),  a closing (the "Initial  Closing")  will be held as soon as
practicable  after the subscription  documents for such Units have been accepted
by the Company and the Placement  Agent and the funds held in the Escrow Account
will be paid to the  Company  on the  date of such  Initial  Closing  (less  the
Placement Agent's applicable commissions, which will be retained by the

<PAGE>

Placement Agent and less the fees and expenses of the Offering).  In such event,
the Company may  continue to raise  additional  funds by offering the balance of
the unsold Units (up to 30 additional Units for a maximum of 50 Units). All such
additional  sales must be completed not later than December 31, 1999 (the "Final
Expiration Date" which date may be extended by the mutual consent of the Company
and the  Placement  Agent  through the January  31,  2000 (the  "Extended  Final
Expiration  Date").  Unless 20 Units are subscribed  for by the Expiration  Date
(unless such date is extended to the Extended Initial Expiration Date,  pursuant
to the mutual consent of the Company and the Placement Agent), the Offering will
terminate  and all  subscription  proceeds  will  be  promptly  returned  to the
subscribers without deduction or interest.

4.  Appointment  of the Placement  Agent.  On the basis of the  representations,
warranties, covenants and agreements of the Placement Agent contained herein and
subject to the conditions  contained  herein,  the Company  hereby  appoints the
Placement  Agent as its  agent to offer  and sell to  Accredited  Investors  the
Units, on a "best efforts,  20 Units or none" basis, and thereafter,  on a "best
efforts"  basis  until a  maximum  of 50  Units  have  been  sold.  Prior to the
Expiration Date or the Extended Initial Expiration Date, as the case may be, the
Company  shall not appoint  any other  agent to offer and sell the Units.  If an
Initial  Closing  takes place,  then Prior to the Final  Expiration  Date or the
Extended  Final Initial  Expiration  Date, as the case may be, the Company shall
not appoint any other agent to offer and sell the Units. The Placement Agent, on
the basis of the  representations,  warranties,  covenants and agreements of the
Company  contained  herein,  and  subject to the  conditions  contained  herein,
accepts such  appointment  and agrees to use its best efforts to sell the Units.
It is understood  that the  Placement  Agent has no commitment to sell the Units
other than to use its best efforts.

           5.  Purchase,  Sale  and  Delivery  of  Units.  On the  basis  of the
  representations and warranties  contained herein, and subject to the terms and
  conditions set forth herein, the parties agree that:

(a) Regulation D Placement.  Neither the offer nor the sale of the Units will be
registered with the SEC. The Units will be offered and sold in reliance upon the
exemption from  registration  provided by Regulation D ("Reg.  D") adopted under
the Securities Act, and will only be sold to "Accredited Investors" as such term
is  defined  under  Reg.  D, and to such  number of  investors  who shall not be
"Accredited  Investors"  as shall be permitted  under Reg. D and any  applicable
state  securities  laws;  the Units will be  offered  for sale only in states in
which the Units are exempt from  qualification  or registration for sale and the
conditions  for such  exemption  have been met; and the Company will provide the
Placement   Agent  for  delivery  to  all  offerees  and  purchasers  and  their
representatives,  if any, with any information,  documents and instruments which
the  Placement  Agent and the Company  deem  necessary to comply with the rules,
regulations   and  judicial  and   administrative   interpretations   concerning
compliance with applicable federal and state statutes and regulations.

(b) Subscription for Units.  Subscription for Units shall occur by execution and
delivery  by the  Subscriber  of a  subscription  agreement  (the  "Subscription
Agreement")  in the form  annexed to the  Memorandum,  together  with such other
documents and  instruments as are set forth in the Memorandum and payment of the
required   subscription   amount  all  in  accordance  with  the  terms  of  the
Subscription Agreement. <PAGE>

(c)  Distribution  of Proceeds;  Closings.  The proceeds of the Offering will be
held in the Escrow  Account  until such funds are released to the Company at the
closing of the  Offering or returned to the  Subscribers  if the Offering is not
completed prior to the Expiration Date or Extended  Expiration Date, as the case
may be. The Company shall  deliver to the Placement  Agent on each closing date,
on behalf of the  Subscribers,  the  certificates  evidencing the shares against
payment therefor, after deducting the amounts set forth in Section 6 below.

           6.  Compensation of Placement Agent. As compensation for its services
  rendered  as  Placement  Agent  under  this  Agreement,  if  the  Offering  is
  completed,  the Placement Agent shall receive: (i) a sales commission equal to
  10.0% of the gross  proceeds from the sale of the Units,  payable by deducting
  the sales commission from such gross proceeds on each closing date, and (ii) a
  non-accountable expense allowance equal to 3.0% of the gross proceeds from the
  sale of the Units,  and (iii)  placement  agent will receive  85,000  warrants
  exercisable at $1.50 per share upon  completion of the minimum  offering,  and
  (iv)  placement  agent  will  also  receive  an  additional   85,000  warrants
  exercisable at $1.50 per share upon successful completion of AMEX listing.

           On each closing date, the Company shall sell to the Placement  Agent,
  or its  designees,  for an  aggregate  price of  $.001  per  share,  five-year
  warrants (the "Placement Agent Warrants") to purchase 10% of the number shares
  of the  Company's  common stock  issuable upon  conversion  of the  Debentures
  issued to investors who shall have  purchased and paid for Units on such date.
  The exercise  price of the Placement  Agent Warrants shall be $1.10 per share.
  The  Placement  Agent  Warrants may be  transferable  to officers,  directors,
  consultants  and  shareholders  of the Placement  Agent.  The Placement  Agent
  Warrants  shall confer to the holders  thereof one demand and unlimited  piggy
  back registration rights.

           For a period of one year from the Closing  Date,  the Company  hereby
  grants  to the  Placement  Agent the  right to act as the  Company's  managing
  underwriter or placement agent, as the case may be, in any public  offering(s)
  and/.or  and private  placement(s)  to be  effectuated  by or on behalf of the
  Company or any  subsidiary  provided  that the material  terms  offered by the
  Placement  Agent  are no  less  favorable  than  those  offered  by any  other
  underwriter,  broker-dealer,  or placement  agent.  In the event the Placement
  Agent elects not to exercise  its right of first  refusal and the terms of the
  proposed financing are subsequently  changed,  the Placement Agent shall again
  be  granted  the  right  of first  refusal  to act as the  exclusive  managing
  underwriter or placement  agent,  as the case may be, in any such financing as
  modified.  Notwithstanding anything contained in this Section to the contrary,
  nothing  hereunder  shall  obligate the Placement  Agent to participate in any
  such  financing.  If the  Placement  Agent elects not to exercise its right of
  first  refusal with respect to any  proposed  financing  after being given the
  opportunity  to do so as herein  above  provided,  the right of first  refusal
  shall expire as to all future  financings.  With respect to an initial  public
  offering of the Company's  securities,  the Company  shall have the right,  to
  redeem such right of first refusal from the Placement Agent.

7. Representations and Warranties of the Company. The following  representations
and warranties shall be binding upon the Company:
<PAGE>

(a)  Memorandum.  The Company  will by the  commencement  of the  Offering  have
prepared the Memorandum, which wilt contain information, accurate as of the date
specified therein, of the kind specified by applicable statutes and regulations.
The  Memorandum,  as of its date and at all times  subsequent  thereto up to and
including the date of the Initial Closing, will not include any untrue statement
of a material  fact,  or omit to state any material  fact  required to be stated
therein  or  necessary  to  make  the  statements   therein,  in  light  of  the
circumstances in which they were made, not misleading.

(b)      Additional  Information.  The Company will provide to the Placement
Agent such  information,  documents and instruments as may be required under
Reg. D for an offer made to Accredited Investors pursuant to Reg. D.

(c) Reg. D  Oualification.  The Company will use its best efforts to ensure that
the offer and sale of the Units by the Company has satisfied, and on the Closing
Date will have satisfied,  in all material respects,  all of the requirements of
Reg. D.

(d) Finder's  Fees.  the Company has not incurred any liability for any finder's
fees or payments in connection with the transaction herein contemplated,  except
as specifically provided in this Agreement.  the Company agrees to indemnify the
Placement  Agent with respect to any claim by any third party for a finder's fee
in connection with the Offering unless such third party's claim is based upon an
alleged agreement or understanding with the Placement Agent.

(e) Foreign Corrupt  Practices Act. the Company has not, directly or indirectly,
at any time (i) made any  contributions to any candidate for political office in
violation of law or failed to disclose fully any such contribution, or (ii) made
any payment to any state,  federal or foreign  governmental officer or official,
or other person charged with similar public or quasi-public  duties,  other than
payments or  contributions  required or allowed by applicable  law. the Company'
internal accounting controls and procedures are sufficient to cause it to comply
in all material  respects  with the Foreign  Corrupt  Practices  Act of 1977, as
amended.

           8. Covenants of the Company. The following covenants shall be binding
upon the Company:

(a)  Memorandum.  The Company  will  furnish  the  Placement  Agent,  during the
Offering,  with  as  many  copies  of the  Memorandum  (and  any  amendments  or
supplements  thereto) as the Placement Agent may reasonably request.  If, during
the  Offering,  any event  occurs as a result of which the  Memorandum,  as then
amended or supplemented, would include an untrue statement of a material fact or
omit to state a material fact necessary in order to make the statements  made in
light of the  circumstances  in which  they were made not  misleading,  or if it
otherwise  shall be necessary to amend or  supplement  the  Memorandum to comply
with  applicable  law';  the Company will forthwith  notify the Placement  Agent
thereof,  and  furnish  to the  Placement  Agent  in such  quantities  as may be
reasonably  requested,  an  amendment,  supplement  or amended  or  supplemented
Memorandum  which corrects such statements or omissions or causes the Memorandum
to comply  with  applicable  law.  No copies of the  Memorandum,  or any exhibit
thereto, or any material prepared by the Company in connection with the Offering
will be given,  without the prior written  permission of the Placement Agent, by
the  Company or its  counsel or by a  principal  or agent of the  Company to any
person  not a party to this  Agreement,  unless  such  person is a  director  or
principal  stockholder  of, or  directly  employed  by, the  Company,  or unless
required by law. <PAGE>

(b) State  Securities  Registration.  The Company will cause its counsel to take
all  necessary  action and file all  necessary  forms and  documents in order to
obtain an exemption from  qualification  or  registration  of the Debentures for
sale under the  securities  laws of the states in which  offers or sales will be
made,  such  states to be  mutually  agreed  upon  between  the  Company and the
Placement Agent. The Company will promptly advise the Placement Agent:

(i) if any securities  regulator of any state shall make a request or suggestion
of or to the Company of any amendment to the  Memorandum  or for any  additional
information, including the nature and substance thereof, and

(ii) of the issuance of a stop order  suspending  the sale of the  Debentures in
any state,  including the  initiation or  threatening of any proceeding for such
purpose,  and the Company  will use its  reasonable  best efforts to prevent the
issuance  of such a stop order,  or if such an order shall be issued,  to obtain
the withdrawal thereof at the earliest reasonably practicable date.

           The Company  will  provide the  Placement  Agent with any  additional
  information,  documents and  instruments  which the Placement  Agent's counsel
  shall  determine  to be necessary  to comply with the rules,  regulations  and
  judicial and administrative  interpretations in those states and jurisdictions
  where  the  Units  are to be  offered  for  sale or sold for  delivery  to all
  offerees  and  purchasers.  The  Company  will file all  post-offering  forms,
  documents or materials and take all other actions  required by states in which
  the Units have been offered or sold. The Placement  Agent will not make offers
  or sales of the Units in any  jurisdiction  in which the Units are not  exempt
  from qualification or registration.

(c) Use of Proceeds.  The Company  intends to apply the net  proceeds  from this
Offering for the purpose of acquiring regional  advertising  agencies,  printers
and an internet service provider.

(d) Reg. D  Compliance.  The Company  will use its  reasonable  best  efforts to
determine whether a Subscriber is an "Accredited Investor", and the Company will
comply in all respects with the terms and  conditions  of Reg. D and  applicable
state  securities laws with respect to the offering and the sale of the Units to
qualified investors.

(e)  Reservation  of Shares.  The Company will  reserve for issuance  sufficient
shares of Common Stock for issuance in connection  with the offering and sale of
the Units.

(f) Mergers and Acquisitions.  In the event the Company  effectuates a financial
reorganization,  strategic  alliance,  merger,  joint  venture,  acquisition  or
similar  transaction  subsequent  to the date hereof and on or prior to one year
from the date of termination of this  Agreement,  irrespective of any reason for
such termination, and such financial reorganization, strategic alliance, merger,
joint venture,  acquisition or similar transaction is effectuated as a result or
consequence  of any  introduction  made by the  Placement  Agent  prior  to such
termination,  including,  without limitation, any introduction made by any third
party to whom the Company was originally introduced by the Placement Agent, then
the  Company  hereby  agrees  to pay the  Placement  Agent  the  following  cash
consideration, which payment shall be due and payable in cash on the date of any
such closing with respect thereto: <PAGE>

5%  of  the  consideration  from  $1  and  up to  $5,000,000,  plus  4%  of  the
consideration  in excess of  $5,000,000  and up to  $10,000,000,  plus 3% of the
consideration  in excess of $ 10,000,000 and up to  $15,000,000,  plus 2% of the
consideration  in excess of $15,000,000  and up to  $20,000,000,  plus 1% of the
consideration in excess of $20,000,000.

For  purposes  of this  Agreement,  "consideration"  shall mean the value of the
transaction  described herein and shall include the aggregate value of all cash,
securities,  and other property and  consideration of every kind,  including but
not limited to assumption and forgiveness of  indebtedness,  the amount realized
under the terms of an "earn-out" provision,  rights to receive periodic payments
and  all  other  rights  that  may be at any  time  either  (i)  transferred  or
contributed to the Company, its affiliates or shareholders in connection with an
acquisition of equity or assets thereof,  or (ii)  transferred or contributed by
the Company,  its affiliates or  shareholders  in any  transaction  involving an
investment in or acquisition of any third party, or acquisition of the equity or
assets thereof, by the Company or any affiliate thereof, or (iii) transferred or
contributed by the Company, its affiliates or shareholders and any other parties
entering into any joint venture or similar joint  enterprise or undertaking with
the Company or any  affiliate  thereof.  The  aggregate  value of all such cash,
securities  and other  property shall be the aggregate fair market value thereof
as  determined  by the  Placement  Agent and the Company,  or by an  independent
appraiser  jointly selected by the Placement Agent and the Company,  the cost of
which shall be borne  entirely by the Company.  Notwithstanding  anything to the
contrary  herein,  fees payable  hereunder by the Company to the Placement Agent
with respect to amounts which are  contingent or subject to later  determination
shall only be payable upon receipt by the Company or final determination of such
amounts.

           9.  Representations  Warranties and Covenants of the Placement Agent.
The Placement Agent represents, warrants and covenants to the Company that:

(a) Duly  Registered.  The Placement Agent is duly  registered,  pursuant to the
applicable  provisions of the Exchange Act, as a dealer, and is a member in good
standing of the National Association of Securities Dealers,  Inc. ("NASD"),  and
is duly registered as a  broker-dealer  in such states as the Placement Agent is
required to be registered in order to complete the Offering contemplated by this
Agreement and the  Memorandum.  In connection  with the Offering,  the Placement
Agent shall have the right at no additional  compensation or cost to the Company
to select  co-placement  agents and to form a syndicate of selected  dealers who
will  assist  it in the  Offering.  Any firm  with  which  the  Placement  Agent
associates  will be (i) a fully  registered  broker-dealer  and a member  of the
NASD,  or (ii) a  foreign  broker-dealer  and/or a member  of a  national  stock
exchange of its country of origin who is lawfully  registered or licensed to act
in such jurisdiction.

(b)               No General  Solicitation' or Advertising.  The Placement Agent
                  has not and  will  not  offer  or sell  the  Units by means of
                  general solicitation or general advertising.
(c)               Furnish Memoranda.  A reasonable time prior to the date of the
                  Initial  Closing  and each  closing  subsequent  thereto,  the
                  Placement  Agent will  furnish to each  offeree of the Units a
                  copy of the Memorandum,  each supplement or amendment thereto,
                  a  Subscription   Agreement  and  a  Confidential   Subscriber
                  Questionnaire (the "Subscription Documents").  Notwithstanding
                  the  foregoing,  the  delivery  of the  Memorandum  shall  not

<PAGE>

                  constitute an offer to sell the Units to any person. Such sale
                  may  be  made  only  upon  acceptance  by  the  Company  of  a
                  Subscriber's  subscription,  after a  determination  that  the
                  Subscriber satisfies all of the applicable  requirements.  The
                  Placement Agent will not provide any other written information
                  to  potential  investors  in the  Units  which  has  not  been
                  approved in advance by the Company and its counsel.

(d) Reg. D Compliance.  The Placement Agent will use its reasonable best efforts
to determine whether a Subscriber is an Accredited Investor. The Placement Agent
is not disqualified from participation in the Offering by reason of Rules 262(b)
and (c) of  Regulation  A and Reg. D. The  Placement  Agent will not conduct the
Offering  contrary to any of the  provisions  of Reg. D or  corresponding  state
statutes or regulations.

(e) Blue Sky  Compliance.  The  Placement  Agent will solicit  purchasers of the
Units only in those  jurisdictions where such solicitation could and can be made
in and in which it is so  qualified to act and will conduct the Offering in such
jurisdictions  in  full  compliance  with  all  applicable  state  statutes  and
regulations.

(f) Finder's  Fees.  The Placement  Agent has not incurred any liability for any
finder's  fees  or  payments  in  connection   with  the   transactions   herein
contemplated,  except as specifically provided in this Agreement.  The Placement
Agent agrees to indemnify  the Company and the Company with respect to any claim
by any third party for a finder's fee in  connection  with the  Offering  unless
such claim is based upon an alleged agreement or understanding with the Company.

(g)  Subscription  Documents.  The  Placement  Agent will furnish to the Company
copies of all  subscription  documents  completed by the  Subscribers as well as
copies  of any  and all  correspondence  between  the  Placement  Agent  and the
Subscribers.

10.      Conditions to Obligations.

           (a) Conditions to Placement Agent's  Obligations.  The obligations of
  the Placement Agent hereunder will be subject to the following conditions:

(i) Exemption.  (A) The Offering  contemplated  by this Agreement will be exempt
from  qualification  or  registration  under the securities  laws of the several
states  pursuant  to Section  10(b) above not later than the date of the Initial
Closing,  and (B) at the Initial  Closing and each subsequent  Closing,  no stop
order suspending the sale of the Units shall have been issued, and no proceeding
for that purpose shall have been initiated or threatened;

         (ii)     No Material Missstatements~Satisfactorv Memorandum. ...(A)
         The  Memorandum,  or any  amendment or  supplement  thereto,  shall not
contain  an untrue  statement  of a fact which is  material,  or omit to state a
fact, which is material and is required to be stated therein, or is necessary to
make the statements  therein not  misleading,  and (B) the  Memorandum  shall be
reasonably  satisfactory in form and in substance to the Placement Agent and its
legal and accounting advisors; <PAGE>

(iii)  Compliance  with  Agreements.  The Company  will have  complied  with all
agreements and satisfied all conditions on its part to be performed or satisfied
in all  material  respects  hereunder  at or prior  to the  date of the  Initial
Closing and on the date of each subsequent Closing;

           (iv)  Corporate  Action.  The Company  will have taken all  necessary
  corporate  action in  connection  with the  performance  by the Company of its
  obligations hereunder and thereunder,  if applicable,  and the consummation of
  the Offering;

           (v) Opinion of Counsel. On the Closing Date, the Placement Agent will
  have received from the Company's  counsel, [ ] ("Company  Counsel"),  a signed
  opinion  in a form  to be  mutually  agreed  upon  between  the  Company,  the
  Placement  Agent and their  respective  counsels.  In  rendering  its opinion,
  Company Counsel may rely upon (1) opinions of counsel reasonably acceptable to
  Placement  Agent's counsel with respect to matters relating to the laws of any
  jurisdiction  other  than [ ] and  federal  law or  matters  in which  Company
  Counsel was not  significantly  involved,  (2) the  certificates of government
  officials  and  officers  of the  Company  as to  matters  of  fact,  (3)  the
  genuineness  of all  signatures,  and (4) the  authenticity  of the  books and
  records of the Company and such other qualifications and conditions consistent
  with the Company Counsel's opinion practices.

           (vi)   Representations   and  Warranties.   The  representations  and
  warranties  of the Company  will be, as of the Closing  Date,  accurate in all
  material respects.

           (vii) Certificate of President. On the Closing Date, the Company will
  have delivered a certificate of its President  confirming the  satisfaction of
  the conditions set forth in this Section 10(a).

         (b)  Conditions to the Company's  Obligations.  The  obligations of the
Company hereunder will be subject to the following conditions:

           (i)  Absence of Certain  Events.  No stop order or other  judicial or
  administrative  action suspending the sale of the Units will have been issued,
  and no proceeding for that purpose will have been initiated or threatened.

           (ii) No Material Misstatements.  The Memorandum,  or any amendment or
  supplement  thereto,  shall not contain an untrue statement of a fact which is
  material,  or omit to state a fact which is  material  and is  required  to be
  stated therein or is necessary to make the statements therein not misleading.

           (iii)  Compliance  witl  Agreements.  The  Placement  Agent will have
  complied with all  agreements  and satisfied all  conditions on its part to be
  performed or satisfied  hereunder in all material  respects at or prior to the
  Closing Date.

<PAGE>

(iv)  Corporate  Action.  The  Placement  Agent  will have  taken all  necessary
corporate action, including,  without limitation,  obtaining the approval of the
Placement  Agent's  board of directors  for the  execution  and delivery of this
Agreement  and  the  performance  by the  Placement  Agent  of  its  obligations
hereunder and the consummation of the Offering.

(v)  Registration.  The Placement Agent will continue to be duly registered as a
member in good standing of the NASD and as a  broker-dealer  in states  required
for the Offering.

(vi)  Representations and Warranties.  The representations and warranties of the
Placement  Agent  will be, as of the  Closing  Date,  accurate  in all  material
respects.

(vii) Certificate.  On the Closing Date, the Placement Agent will have delivered
a certificate of its President or Vice President  confirming the satisfaction of
the conditions set forth in this Section 10(b).

           11.    Expenses of Sale.

(a) It  shall  be the  Company's  obligation,  whether  or not the  Offering  is
consummated,  to bear all expenses in  connection  with the  proposed  Offering,
including,  but not  limited to the  following:  filing  fees,  printing  costs,
experts and due diligence expenses, postage and mailing expenses with respect to
the  transmission of Offering  material,  Company  counsel and accounting  fees,
issue  and  transfer  taxes,  if any,  and the  fees  and  disbursements  of the
Placement Agent's counsel. It is agreed that the Placement Agent's counsel shall
perform any legal  services  that may be required in order to obtain  exemptions
from   registration  or  qualification  of  the  Units  under  applicable  state
securities laws. In this connection, Blue Sky applications shall be made in such
states and  jurisdictions  as shall be requested by the Placement Agent provided
that such  states and  jurisdictions  do not require the Company to qualify as a
foreign corporation or to file a general consent to service of process.

(b) If the Offering is not completed because (i) of any reason solely within the
control of the Company,  its management,  or its stockholders,  (ii) the Company
unilaterally  withdraws  the Offering  from the  Placement  Agent for any reason
other than unreasonable  delays by the Placement Agent, or (iii) of any material
discrepancy in any representation  made to the Placement Agent or the failure of
the Company to meet any of its material  obligations under this Agreement,  then
the  Company  will  be  obligated  to  reimburse  the  Placement  Agent  for its
reasonable  direct  out-of-pocket  costs,  expenses  and legal fees  incurred in
connection  with the Offering.  Otherwise,  the Company will not be obligated to
reimburse  the  Placement  Agent for the  Placement  Agent's  costs and expenses
incurred in connection herewith.

<PAGE>

12.      Indemnification and Contribution.

(a)  Indemnification  by the Company.  The Company  agrees to indemnify and hold
harmless the Placement Agent and each person, if any, who controls the Placement
Agent within the meaning of the  Securities  Act or the Exchange Act against any
losses, claims, damages or liabilities, joint or several, to which the Placement
Agent or such controlling person may become subject, under the Securities Act or
otherwise,  to the extent and only to the extent such losses, claims, damages or
liabilities  (or actions in respect  thereof) arise out of or are based upon (i)
any untrue  statement or `alleged untrue  statement of a material fact contained
(A) in the Memorandum,  or (B) in any document  executed by the Company filed in
any  state  or  other   jurisdiction  in  order  to  obtain  an  exemption  from
registration  or  qualification  of any or all of the Units under the securities
laws  thereof  (any  such  document  being   hereinafter   called  a  "Blue  Sky
Application"),  or (ii)  the  omission  or  alleged  omission  to  state  in the
Memorandum or in any Blue Sky  Application a material fact required to be stated
therein or necessary to make the statements therein,  under the circumstances in
which they were made, not misleading, and will reimburse the Placement Agent and
each such controlling person for any legal or other expenses reasonably incurred
by  the  Placement  Agent  or  such   controlling   person  in  connection  with
investigating or defending any such loss,  claim,  damage,  liability or action;
provided,  however,  that the Company will not be liable in any such case to the
extent that any such loss, claim,  damage or liability arises out of or is based
upon an untrue  statement  or alleged  untrue  statement  or omission or alleged
omission  made in  reliance  upon and in  conformity  with  written  information
furnished to the Company by the Placement Agent or Blue Sky counsel specifically
for use in the preparation of the Memorandum or any such Blue Sky Application.

(b)  Indemnification  by the  Placement  Agent.  The  Placement  Agent agrees to
indemnify  and hold  harmless the Company,  its  directors and officers and each
person,  if any, who controls the Company  within the meaning of the  Securities
Act and the Exchange  Act against any losses,  claims,  damages or  liabilities,
joint or  several,  to which the Company or such  controlling  person may become
subject,  under the  Securities  Act or  otherwise  to the extent  such  losses,
claims,  damages or liabilities (or actions in respect  thereof) arise out of or
are based  upon (i) any  untrue  statement  or  alleged  untrue  statement  of a
material  fact  contained  (A)  in the  Memorandum,  or  (B)  in  any  Blue  Sky
Application, or (ii) the omission or alleged omission to state in the Memorandum
or in any Blue Sky  Application a material fact required to be stated therein or
necessary to make the  statements  therein,  not  misleading in each case to the
extent but only to the extent,  that such  untrue  statement  or alleged  untrue
statement  or omission  or alleged  omission  was made in  reliance  upon and in
conformity  with written  information  furnished to the Company by the Placement
Agent  or  Blue  Sky  counsel  specifically  for use in the  preparation  of the
Memorandum or any such Blue Sky Application.

           (c) Procedure.  Within five (5) business days (unless  shorter period
  is  required)  of receipt by an  indemnified  party  under this  Section 12 of
  notice of the commencement of any action,  such  indemnified  party will, if a
  claim in respect  thereof is to be made against any  indemnifying  party under
  this Section 12, notify in writing the indemnifying  party of the commencement
  thereof;  and the omission so to notify the indemnifying party will relieve it
  from any liability  under this Section 12 as to the particular  item for which
  indemnification  is then being sought,  but not from any other liability which
  it may have to any

<PAGE>

indemnified  party.  In case any such action is brought  against any indemnified
party, and it notifies an indemnifying  party of the commencement  thereof,  the
indemnifying  party will be entitled to participate  therein,  and to the extent
that it may wish, jointly with any other indemnifying party, similarly notified,
to assume the  defense  thereof,  with  counsel  who shall be to the  reasonable
satisfaction of such  indemnified  party, and after notice from the indemnifying
party to such  indemnified  party  of its  election  so to  assume  the  defense
thereof,  the indemnifying  party will not be liable to such  indemnified  party
under this Section 12 for any legal or other expenses  subsequently  incurred by
such  indemnified  party in  connection  with the  defense  thereof  other  than
reasonable  costs of  investigation.  Any such  indemnifying  party shall not be
liable to any such  indemnified  party on account of any settlement of any claim
or action effected without the consent of such indemnifying party.

(d)  Contribution.  If the  indemnification  provided  for in this Section 12 is
unavailable  to any  indemnified  party  with  respect  to any  losses,  claims,
damages,  liabilities  or expenses  referred to therein,  then the  indemnifying
party, in lieu of indemnifying  such indemnified  party,  will contribute to the
amount paid or payable by such  indemnified  party,  as a result of such losses,
claims,  damages,   liabilities  or  expenses  (i)  in  such  proportion  as  is
appropriate to reflect the relative  benefits received by the Company on the one
hand, and the Placement Agent on the other hand, from the offering of the Units,
or (ii) if the  allocation  provided  by clause  (i) above is not  permitted  by
applicable  law, in such  proportion as is  appropriate  to reflect not only the
relative benefits referred to in clause (i) above but also the relative fault of
the Company on the one hand,  and of the  Placement  Agent on the other hand, in
connection  with the  statements  or  omissions  which  resulted in such losses,
claims, damages, liabilities or expenses as well as any other relevant equitable
considerations.  The relative  benefits received by the Company on the one hand,
and the  Placement  Agent on the other  hand,  shall be deemed to be in the same
proportion as the total proceeds from the Offering (net of sales commissions and
non-accountable  expense allowance,  but before deducting  expenses) received by
the Company relative to the commissions and  non-accountable  expense  allowance
received by the Placement  Agent.  The relative  fault of the Company on the one
hand,  and the  Placement  Agent on the  other  hand,  will be  determined  with
reference to, among other things, whether the untrue or alleged untrue statement
of a  material  fact  or the  omission  to  state a  material  fact  relates  to
information  supplied by the Company or the  Placement  Agent,  and its relative
intent,  knowledge,  access to information and opportunity to correct or prevent
such  statement  or omission.  The amount  payable by a party as a result of the
losses,  claims,  damages,  liabilities  or  expenses  referred to above will be
deemed to include,  subject to the limitations set forth in Section 12(e) below,
any  legal  or other  fees or  expenses  reasonably  incurred  by such  party in
connection with investigating or defending any action or claim.

(e) Equitable Considerations.  The Company and the Placement Agent agree that it
would not be just and equitable if contribution pursuant to this Section 12 were
determined by pro rata  allocation  or by any other method of  allocation  which
does not take into  account  the  equitable  considerations  referred  to in the
immediately    preceding    paragraph.    No   person   committing    fraudulent
misrepresentation  (within the meaning of Section 1 1(f) of the Securities  Act)
shall be  entitled  to  contribution  or  indemnification  from any  person  not
committing such fraudulent misrepresentation.

<PAGE>

13.  Representations  and Agreements to Survive Delivery.  All  representations,
warranties and agreements of the Company and of the Placement  Agent herein will
survive the delivery and execution hereof and the closing  hereunder,  and shall
remain operative and in full force and effect for a period of two years from the
Initial  Closing  Date or Final  Closing  Date,  if there shall be more than one
closing,  regardless of any investigation  made by or on behalf of the Placement
Agent or any person who controls the  Placement  Agent within the meaning of the
Securities  Act, or by the Company or any person who controls the Company within
the meaning of the Securities  Act, and will survive  delivery of the securities
constituting  the  Units  hereunder  and  any  termination  of  this  Agreement.
Notwithstanding  anything contained herein to the contrary,  the Placement Agent
will promptly  notify the Company if it becomes aware of any facts that could be
deemed to be a breach of any representation or warranty of the Company.

14.      Termination.

           (a) Either the Placement  Agent or the Company will have the right to
  terminate this Agreement by giving written notice as herein specified,  at any
  time, at or prior to the date of the Initial Closing:

(i) If the other shall have failed,  refused, or been unable, at or prior to the
Offering  Expiration  Date,  to  perform  any  of  its  respective   obligations
hereunder; or

(ii) If there has occurred an event materially or adversely  affecting the value
of the Units or any of the Debentures.

           (b) If the  Placement  Agent,  the Company or the  Company  elects to
  terminate this Agreement  pursuant to Subsections  (i) or (ii) hereof,  notice
  will  be  provided  to  the  non-terminating   party  promptly  by  telephone,
  telecopier  or telegram,  and such  notification  will be confirmed by written
  notice as provided for in Section 15 below.

15.  Notices.  Any notice  hereunder  shall be in writing and shall be effective
when delivered by guaranteed next day deliver overnight courier service, or sent
by facsimile transmission, to the appropriate party or parties, at the following
addresses:  if to the Placement Agent, to Catalyst Financial Corp., 16 East 52nd
Street, New York, New York 10022, Attention:
      Mr. Steven N. Bronson (fax no.  212-832-1636);  if to the Company,
      to Statcomm Media Ltd.,  1947 Lee Road,  Winter Park,  Florida
      32789, Attention: [       ] (fax no. 407-628-0807).

16.  Parties.  This  Agreement  will be binding upon the  Placement  Agent,  the
Company, and their respective successors and assigns. This Agreement is intended
to be, and is for the sole and  exclusive  benefit of the  parties  hereto,  and
their respective successors and assigns, and for the benefit of no other person,
and no other  person  will have any legal or  equitable  right,  remedy or claim
under, or in respect of this Agreement and the parties hereto may not assign any
of their rights or obligations hereunder.  No purchaser of any of the Units will
be construed as successor or assign merely by reason of such purchase.

<PAGE>

17.  Amendment  and/or  Modification.  Neither this  Agreement,  nor any term or
provision  hereof,  may be changed,  waived,  discharged,  amended,  modified or
terminated  orally,  or in any  manner  other than by an  instrument  in writing
signed by each of the parties hereto.

18.  Further  Assurances.  Each party to this Agreement will perform any and all
acts and execute any and all  documents as may be necessary and proper under the
circumstances  in order to accomplish the intents and purposes of this Agreement
and to carry out its provisions.

19. Validity.  In case any term of this Agreement will be held invalid,  illegal
or unenforceable, in whole or in part, the validity of any of the other terms of
this Agreement will not in any way be affected thereby.

20.  Non-Waiver.  The  failure  of  any  party  hereto  to  insist  upon  strict
performance  of any of the  covenants and  agreements  herein  contained,  or to
exercise any option or right herein conferred in any one or more instances, will
not be construed to be a waiver or  relinquishment  of any such option or right,
or of any other covenants or agreements, and the same will be and remain in full
force and effect.

21.  Entire  Agreement.   This  Agreement  contains  the  entire  agreement  and
understanding  of the parties with respect to the entire  subject matter hereof,
and there are no representations,  inducements,  promises or agreements, oral or
otherwise,  not embodied herein.  Any and all prior  discussions,  negotiations,
commitments and understanding  relating thereto are superseded hereby. There are
no conditions  precedent to the  effectiveness  of this Agreement  other than as
stated herein, and there are no related collateral  agreements  existing between
the parties that are not referred to herein.

22.  Counterparts.  This Agreement may be executed in  counterparts  and each of
such  counterparts  will for all purposes be deemed to be an original,  and such
counterparts will together constitute one and the same instrument.

                  [The balance of this page has been left blank intentionally]

<PAGE>

23. Law.  This  Agreement  will be deemed to have been made and delivered in New
York,  New  York,   and  will  be  governed  as  to  validity,   interpretation,
construction, effect and in all other respects by the internal laws of the State
of New York, without application of the principles of conflicts of law.

If the foregoing  correctly sets forth our understanding,  please so indicate in
the space provided below for that purpose, whereupon this letter will constitute
a binding agreement between us.

                              STRATCOMM MEDIA LTD,
                              A British Columbia corporation
                              Signed by Roberto E. Veitia, President

Confirmed and Accepted this 20th day of May, 1999 by the undersigned  authorized
representative.

                            Catalyst Financial Corp.,

                              A Florida corporation
                              Signed by Steven N. Bronson, President

<PAGE>

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