Document:

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                                                                   Exhibit 10.42

                                CO-SALE AGREEMENT

         THIS CO-SALE AGREEMENT (this "Agreement") is made this 14th day of
March, 2000, by and among NET VALUE HOLDINGS, INC., a Delaware corporation (the
"Investor"), the individuals and entities identified as Principal Stockholders
on Schedule A hereto (each, a "Principal Stockholder," and collectively, the
"Principal Stockholders") and ALARMX.COM, INC., a Delaware corporation (the
"Company").

         RECITALS

         A. Concurrently with the execution hereof, the Company and the Investor
have entered into that certain Series A Convertible Preferred Stock Purchase
Agreement (the "Series A Agreement"), pursuant to which the Investor will
purchase 4,000,000 shares of Series A Convertible Preferred Stock of the Company
(the "Series A Preferred Stock"). Capitalized terms used herein, but not
otherwise defined, shall have the meaning given such terms in the Series A
Agreement.

         B. The Principal Stockholders are presently the legal or beneficial
owners of 1,800,000 shares of the outstanding Common Stock of the Company
(including shares issuable upon exercise of warrants).

         C. To induce the Investor to make the proposed investment, the
Principal Stockholders have agreed to grant the Investor the opportunity to
participate upon the terms and conditions set forth in this Agreement, in
subsequent sales of the Common Stock by the Principal Stockholders.

         AGREEMENT

         NOW, THEREFORE, for and in consideration of the premises, covenants and
obligations contained herein, and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the parties hereto
hereby agree as follows:

         1. SALES BY PRINCIPAL STOCKHOLDERS

                  1.1 Notice of Purchase Offers. Should any of the Principal
Stockholders propose to accept one or more bona fide offers (collectively, a
"Purchase Offer"), from any persons to purchase shares of the Company's Common
Stock from such Principal Stockholder (a "Purchase Offeror"), then the Principal
Stockholder or Principal Stockholders shall promptly notify the Investor in
writing of the terms and conditions of such Purchase Offer.

                  1.2 Right to Participate. The Investor shall have the right,
exercisable upon written notice to such selling Principal Stockholder or
Principal Stockholders within thirty (30) business days after receipt of the
notice of the Purchase Offer, to participate in the Principal Stockholder's or
Principal Stockholders' sale of Common Stock on the same terms and conditions.
To the extent the Investor exercises such right of participation, the number of
shares of Common Stock which the Principal Stockholder or Principal Stockholders
may sell pursuant to the Purchase

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Offer shall be correspondingly reduced. The right of participation of the
Investor shall be subject to the following terms and conditions:

                           (a) The Investor may sell up to that number of shares
of Common Stock equal to the product obtained by multiplying (i) the aggregate
number of shares of Common Stock covered by the Purchase Offer, by (ii) a
fraction, the numerator of which is the number of shares of Common Stock of the
Company at the time owned by the Investor together with all shares of Common
Stock then issuable to the Investor upon the exercise of vested rights, options
or convertible securities other than the Series A Preferred Stock, and the
denominator of which is the sum of (a) the combined number of shares of Common
Stock of the Company at the time owned by all the selling Principal Stockholders
(including shares transferred to Permitted Transferees as defined below) and the
Investor, and (b) the number of shares of Common Stock then issuable to the
Investor and the Selling Principal Stockholders upon the exercise of vested
rights, options and convertible securities other than Series A Preferred Stock.
For the purposes of making such computation, the Investor shall be deemed to own
the number of shares of Common Stock into which the Series A Preferred Stock
held by the Investor is at the time convertible.

                           (b) The Investor may participate in the sale by
delivering to the Principal Stockholder at the time of the sale for transfer to
the Purchase Offeror one or more certificates, properly endorsed for transfer,
which represent:

                                    (i) the number of shares of Common Stock
which the Investor elects to sell pursuant to this Section 1.2; or

                                    (ii) the number of shares of Series A
Preferred Stock, which is at such time is convertible into the number of shares
of Common Stock that the Investor elects to sell pursuant to this Section 1.2;
together with written notice of the Investor's election to convert such shares
into shares of Common Stock. Such certificates and written notice shall be
forwarded to the Company, and the Company shall deliver to the Principal
Stockholder certificates representing that number of shares of Common Stock
which the Investor has elected to sell.

                  1.3 Consummation of Sale. The stock certificate or
certificates which the Investor delivers to the selling Principal Stockholder or
Principal Stockholders pursuant to Section 1.2 shall be transferred by the
selling Principal Stockholder or Principal Stockholders to the Purchase Offeror
in consummation of the sale of the Common Stock pursuant to the terms and
conditions specified in the Section 1.1 notice to the Investor, and the selling
Principal Stockholder or Principal Stockholders shall promptly thereafter remit
to the Investor that portion of the sale proceeds to which the Investor is
entitled by reason of its participation in such sale, net of a pro rata share of
all expenses incurred in connection with such sale. To the extent that any
Purchase Offeror prevents such assignment or otherwise refuses to purchase
shares from the Investor, the Principal Stockholder(s) shall not sell to such
Purchase Offeror unless and until, simultaneously with such sale, the Principal
Stockholder shall purchase such shares from the participating Investor.

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                  1.4 Ongoing Rights. The exercise or non-exercise of the rights
of the Investor hereunder to participate in one or more sales of Common Stock
made by a Principal Stockholder shall not adversely affect its right to
participate in subsequent Common Stock sales by a Principal Stockholder pursuant
to Section 1.1 hereof.

                  1.5 Permitted Exemptions. The participation rights of the
Investor shall not apply to (a) any pledge of Common Stock made by a Principal
Stockholder pursuant to a bona fide loan transaction which creates a mere
security interest, (b) any transfer of Common Stock to the Company pursuant to a
written agreement between the Company and a Principal Stockholder providing for
the right of such repurchase or to the Principal Stockholder's ancestors or
descendants or spouse or to a trustee for their benefit, (c) any bona fide gift
of Common Stock; provided, that (i) the Principal Stockholder shall inform the
Investor of such pledge, transfer or gift prior to effecting it and (ii) the
pledgee, transferee or donee (collectively, the "Permitted Transferees"), shall
furnish the Investor with a written agreement to be bound by and comply with all
provisions of this Agreement applicable to the Principal Stockholders, or (d)
any transfer between parties to this Agreement. Such transferred shares shall
remain subject to this Agreement and the Permitted Transferees shall be treated
as "Principal Stockholders" for purposes of this Agreement.

         2. PROHIBITED TRANSFERS

                  2.1 Treatment of Prohibited Transfers. In the event a
Principal Stockholder should sell any Common Stock in contravention of the
participation rights of the Investor under this Agreement (a "Prohibited
Transfer"), the Investor, in addition to such other remedies as may be available
at law, in equity or hereunder, shall have the put option provided in Section
2.2 below, and a Principal Stockholder shall be bound by the applicable
provisions of such put option.

                  2.2 Put Option. In the event of a Prohibited Transfer, the
Investor shall have the right to sell to the selling Principal Stockholder(s) a
number of shares of Common Stock (either directly or through delivery of
convertible Preferred Stock) equal to the number of shares the Investor would
have been entitled to transfer to the Purchase Offeror in the Prohibited
Transfer pursuant to the terms hereof. Such sale shall be made on the following
terms and conditions:

                           (a) The price per share at which the shares are to be
sold to the selling Principal Stockholder or Principal Stockholders shall be
equal to the price per share paid by the purchaser to the selling Principal
Stockholder or Principal Stockholders in the Prohibited Transfer. The selling
Principal Stockholder or Principal Stockholders shall also reimburse the selling
Investor for any and all fees and expenses, including legal fees and expenses,
incurred pursuant to the exercise or the attempted exercise of such Investor's
rights under this Section 2.

                           (b) Within sixty (60) days after the later of the
dates on which the Investor (i) receives notice from a Principal Stockholder of
the Prohibited Transfer, or (ii) otherwise becomes aware of the Prohibited
Transfer, the Investor shall, if exercising the put option created hereby,
deliver to the selling Principal Stockholder or Principal Stockholders the
certificate or certificates representing shares to be sold, each certificate to
be properly endorsed for transfer, together with notice of and documentation for
reimbursable expenses.

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                           (c) The selling Principal Stockholder(s) shall, upon
receipt of the certificate or certificates for the shares to be sold by the
Investor, pursuant to Section 2.2(b), pay the aggregate purchase price therefor
and the amount of reimbursable fees and expenses, as specified in Section
2.2(a), by certified check or bank draft made payable to the order of the
Investor.

         3. LEGENDED CERTIFICATES

                  3.1 Legend. Each certificate representing shares of the Common
Stock of the Company now or hereafter owned by a Principal Stockholder or issued
to any Permitted Transferee pursuant to Section 1.5 shall be endorsed with the
following legend:

"THE SALE OR TRANSFER OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE IS
SUBJECT TO THE TERMS AND CONDITIONS OF A CERTAIN CO-SALE AGREEMENT BY AND
BETWEEN THE STOCKHOLDERS, THE CORPORATION AND CERTAIN HOLDERS OF PREFERRED STOCK
OF THE CORPORATION. COPIES OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN
REQUEST TO THE SECRETARY OF THE CORPORATION."

         Each Principal Stockholder agrees that the Company may instruct its
transfer agent to impose transfer restrictions on the shares represented by
certificates bearing this legend to enforce the provisions of this Agreement and
the Company agrees to promptly do so.

                  3.2 Legend Removal. The Section 3.1 legend shall be removed
upon termination of this Agreement in accordance with the provisions of Section
4.1.

         4. MISCELLANEOUS PROVISIONS

                  4.1 Termination of Co-Sale Rights. The rights of the Investor
under this Agreement and the obligations of a Principal Stockholder with respect
to the Investor shall terminate at such time as the Investor shall no longer be
the owner of any shares of capital stock of the Company. Unless sooner
terminated in accordance with the preceding sentence, this Agreement shall
terminate upon the occurrence of any one of the following events:

                           (a) the consummation of a Qualifying IPO (as defined
in Section 5(b)(1) of the Series A Certificate);

                           (b) the fifth-year anniversary of the date of this
Agreement; or

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                           (c) the closing of a merger, consolidation or sale of
the stock or substantially all of the assets of the Company in which the
shareholders of the Company immediately prior to such transaction do not retain
a majority of voting power in the surviving entity.

                  4.2 Notices. Any notice required or permitted to be given to a
party pursuant to the provisions of this Agreement shall be in writing and shall
be effective upon facsimile delivery, personal delivery or upon deposit in the
U.S. mail, postage prepaid and properly addressed to the party to be notified as
set forth below such party's signature or at such other address as such party
may designate by ten (10) days' advance written notice to the other parties
hereto.

                  4.3 Successors and Assigns. This Agreement and the rights and
obligations of the parties hereunder shall inure to the benefit of, and be
binding upon, their respective successors, assigns and legal representatives.
The Investor shall be entitled to assign its rights under this Agreement to any
Related Party. As used herein, the term "Related Party" shall mean (i) any
person or entity that, directly or indirectly, through one or more
intermediaries, has voting control of, or is under common voting control with,
the Investor; or (ii) a trust, corporation, partnership or other entity, the
beneficiaries, stockholders, partners, or owners, or persons or entities holding
controlling interest of which consist of the Investor and/or such other persons
or entities referred to in the immediately preceding clause (i); and (iii) the
Investor's current partners, stockholders or members, pro rata in accordance
with the current distribution provision of such entities' charter documents.

                  4.4 Severability. In the event one or more of the provisions
of this Agreement should, for any reason, be held to be invalid, illegal or
unenforceable in any respect, such invalidity, illegality or unenforceability
shall not affect any other provisions of this Agreement, and this Agreement
shall be construed as if such invalid, illegal or unenforceable provision had
never been contained herein.

                  4.5 Adjustments for Stock Splits, Etc. Wherever in this
Agreement there is a reference to a specific number of shares of Common Stock or
Series A Preferred Stock of the Company of any class or series, then, upon the
occurrence of any subdivision, combination or stock dividend of such class or
series of stock, the specific number of shares so referenced in this Agreement
shall automatically be proportionally adjusted to reflect the effect on the
outstanding shares of such class or series of stock by such subdivision,
combination or stock dividend.

                  4.6 Aggregation of Stock. All shares held or acquired by
affiliated entities or persons shall be aggregated together for the purpose of
determining the availability of any rights under this Agreement.

                  4.7 Amendments. Any amendment or modification of this
Agreement shall be effective only if evidenced by a written instrument executed
by duly authorized representatives of the parties hereto. Any waiver by a party
of its rights hereunder shall be effective only if evidenced by a written
instrument executed by a duly authorized representative of such party. In no

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event shall such waiver of any rights hereunder constitute the waiver of such
rights in any future instance unless the waiver so specifies in writing.

                  4.8 Governing Law. This Agreement shall be governed by and
construed in accordance with the internal laws of the State of Delaware, without
regard to that body of law relating to conflict of law or choice of law.

                  4.9 Other Obligations of Company. The Company agrees to use
its best efforts to enforce the terms of this Agreement, to inform the Investor
of any breach hereof and to assist the Investor in the exercise of its rights
and performance of its obligations under Section 2 hereof.

                  4.10 Attorney Fees. In the event that any dispute among the
parties to this Agreement should result in litigation, the prevailing party in
such dispute shall be entitled to recover from the losing party all fees, costs
and expenses of enforcing any right of such prevailing party under or with
respect to this Agreement, including without limitation, such reasonable fees
and expenses of attorneys and accountants, which shall include, without
limitation, all fees, costs and expenses of appeals.

                  4.11 Ownership. Each Principal Stockholder represents and
warrants that such Principal Stockholder is the sole legal and beneficial owner
of the shares of stock subject to this Agreement and that no other person has
any interest (other than a community property interest, if the law of a
community property state is applicable) in such shares.

                  4.12 Entire Agreement. This Agreement constitutes the entire
agreement between the parties relative to the specific subject matter hereof. To
the extent this Agreement conflicts with any previous agreement among the
parties relative to the specific subject matter hereof, this Agreement shall
control.

                  4.13 Mutual Drafting. This Agreement is the result of the
joint efforts of the Company, the Investor and the Principal Stockholders and
each provision hereof has been subject to the mutual consultation, negotiation
and agreement of the parties and there shall be no construction against any
party based on any presumption of the party's involvement in the drafting
thereof.

                            [SIGNATURE PAGES FOLLOWS]

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         IN WITNESS WHEREOF, the parties have executed this Co-Sale Agreement on
the day and year indicated above.

                                            THE COMPANY:

                                            ALARMX.COM, INC.,
                                            a Delaware corporation

                                            By:______________________________
                                               Allison Stollmeyer, President

                                            Address: 1085 Mission
                                                     San Francisco, CA 94103

                                            THE PRINCIPAL STOCKHOLDERS:

                                            __________________________________
                                            G. Mark Miller

                                            Address: 410B Canyon Wood Place
                                                     San Ramon, CA 94583

                                            __________________________________
                                            Evan Gilbert

                                            Address: 620 Lexington Avenue, Apt C
                                                     El Cerrito, CA 94530

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                                            THE INVESTOR:

                                            NET VALUE HOLDINGS, INC.,
                                            a Delaware corporation

                                            By:_______________________________
                                                Name: Andrew P. Panzo
                                                Title: Chairman

                                            Address: Two Penn Center
                                                     Philadelphia, PA 19102

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                                   SCHEDULE A

                             PRINCIPAL STOCKHOLDERS

NAME                       NUMBER OF SHARES            PERCENTAGE OF OWNERSHIP

G.  Mark Miller              1,500,000                        25.86%
Evan Gilbert                   300,000                         5.17%
                  TOTAL

                            SERIES A PREFERRED STOCK

Net Value Holdings           4,000,000                        69.97%<PAGE>

                                                                   Exhibit 10.43

                              AMENDED AND RESTATED
                              EMPLOYMENT AGREEMENT

         This Amended and Restated Employment Agreement (this "Agreement") is
made as of April 17, 2000 by NET VALUE HOLDINGS, INC., a Delaware corporation
(the "Employer"), and THOMAS ALEY an individual resident in the State of
Massachusetts (the "Executive").

                                   BACKGROUND

         The Employer wishes to employ the Executive and the Executive wishes to
enter into the employ of the Employer on the terms and conditions contained in
this Agreement.

         NOW THEREFORE, in consideration of the facts, mutual promises and
covenants contained herein and intending to be legally bound hereby, the
Employer and the Executive agree as follows:

         1.       DEFINITIONS

         For the purposes of this Agreement, the following terms have the
meanings specified or referred to in this Section 1:

         "Agreement" means this Employment Agreement, as amended from time to
time.

         "Benefits" is defined in Section 3.1(b).

         "Board of Directors" means the board of directors of Employer.

         "cause" is defined in Section 6.3.

         "Change of Control" shall mean the occurrence of any one of the
following events: (a) any "person" as such term is used in Section 3(a)(9) and
13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange
Act")(other than a subsidiary or other affiliate of Employer), becomes a
"beneficial owner," as such term is used in Rule 13d-3 promulgated under the
Exchange Act, of 50% or more of any class of Employer's issued and outstanding
common or preferred stock, which interest in such stock comprises 50% or more of
all issued and outstanding voting shares; (b) the majority of Employer's board
of directors consists of individuals other than Incumbent Directors, which term
means the members of Employer's Board of Directors on the Effective Date of this
Agreement, provided that any person becoming a director subsequent to such date
whose election or nomination for election was supported by at least one half of
the directors who then comprised the Incumbent Directors shall be considered to
be an Incumbent Director; or (c) the occurrence of any event which would be
required to be reported by Employer pursuant to Items 1 or 2 of Form 8-K under
the Exchange Act, which shall be determined without regard to whether Employer
is actually required to file a Form 8-K in relation to such transaction or
event.

         "Disability" is defined in Section 6.2.

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         "Effective Date" means April 17, 2000.

         "Employment Period" means the term of the Executive's employment under
this Agreement as defined in Section 2.2.

         "good reason" means: (a) the Employer's material breach of this
Agreement, which is not cured within ten (10) days after written notice to
Employer.

         "person" means any individual, corporation (including any non-profit
corporation), general or limited partnership, limited liability company, joint
venture, estate, trust, association, organization, or governmental body.

         "Registration Statement Availability Date" means, with respect to any
Options, the date both (a) such Options have vested and (b) a registration
statement of the Employer under the Securities Act of 1933, as amended, covering
the resale of the common stock of the Employer underlying such Options is
effective.

         "Salary" is defined in Section 3.1(a).

         2.       EMPLOYMENT TERMS AND DUTIES

                  2.1      EMPLOYMENT

         Effective on the Effective Date, Employer hereby employs the Executive,
and the Executive hereby accepts employment by the Employer, upon the terms and
conditions set forth in this Agreement.

                  2.2      TERM

         Subject to the provisions of Section 6, the Employment Period for the
Executive's employment under this Agreement will be one year, beginning on the
Effective Date, and shall be automatically renewed for consecutive one-year
renewal terms thereafter, unless, not less than sixty (60) days prior to the end
of the original term or any renewal term, either party gives the other party
written notice of termination of employment which termination shall be effective
as of the end of such original term or renewal term.

                  2.3      DUTIES

         The Executive shall serve the Employer generally as Executive Vice
President and shall have such authority and responsibilities as the Employer may
determine from time to time consistent with Executive's skills and abilities.
Employer shall perform any other duties reasonably required by the Employer and,
if requested by the Employer, shall serve as an officer or director of the
Employer or any subsidiary of the Employer without additional compensation. The
Executive agrees to perform in good faith and to the best of his ability all
services which may be required of him

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hereunder and will devote his best efforts and such business time, skill,
attention and energies as are reasonably necessary to perform his duties and
responsibilities under this Agreement and to promote the success of the
Employer's business. The Executive shall be employed on a full-time basis by
Employer. Executive may continue to engage in the following activities: (a)
attending board of directors' or like meetings of other companies in which
Executive or an affiliate has invested or in which Executive has been elected to
serve, and (b) managing his personal investments, provided that such activities
set forth in (a) and (b) (individually or collectively) do not materially and
adversely interfere or conflict with the performance of Executive's duties or
responsibilities under this Agreement.

         3.       COMPENSATION

                  3.1      BASIC COMPENSATION

                           (a) Salary. The Executive will be paid an annual
salary of $150,000, subject to adjustment as provided below (the "Salary"),
which will be payable in equal periodic installments according to the Employer's
customary payroll practices, but no less frequently than monthly. The
Executive's Salary will be reviewed by Employer's Board of Directors not less
frequently than annually, and may be adjusted upward or downward by Employer,
but in no event will the Salary be less than $150,000 per year.

                           (b) Benefits. The Executive will, during the
Employment Period, be permitted to participate in such pension, profit sharing,
bonus (subject to the provisions of Section 3.2), life insurance,
hospitalization, major medical, and other employee benefit plans of the Employer
that may be in effect from time to time, to the extent the Executive is eligible
under the terms of those plans (collectively, the "benefits").

                           (c) Indemnification. The Employer shall, to the full
extent permitted by Section 146 of the Delaware General Corporation Law, as
amended, and in accordance with Article VII of the By-laws of the Employer (a
copy of which is attached as Exhibit A hereto) indemnify the Executive as an
officer of the Employer. The Employer agrees that it shall not amend its By-laws
in any manner that will materially adversely affect the Executive's rights to
indemnification thereunder.

                  3.2      BONUS COMPENSATION

                  Executive shall be eligible to receive annual bonus
compensation at the discretion of Employer's Board of Directors and in
accordance with Employer's executive bonus or incentive compensation plan that
may be in effect from time to time.

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                  3.3      OPTIONS

                  (a) Executive will receive an award of options to purchase
900,000 shares of the Employer's common stock (the "Options") at an exercise
price of $1.00 per share pursuant to the stock option plan to be implemented by
Employer. 150,000 of the Options shall immediately vest upon issuance. The
remaining Options will vest pro rata each month over a period of three years
from the Effective Date so long as the Executive remains employed by the
Employer. No Options shall vest after the Executive's employment by the Employer
is terminated for any reason.

                  (b) Exercise Period. While the Executive is employed by the
Employer, the Executive may exercise any Options from the date such Options vest
until the later of (i) five years after the vesting date of such Options or (ii)
one year after the Registration Statement Availability Date with respect to such
Options (the "Employment Exercise Period"). In the event the Employer terminates
the Executive's employment without cause, the Executive resigns for good reason,
or the employment of the Executive is terminated due to the Executive's death or
Disability, the Executive (or the Executive's estate) may exercise those Options
that have vested as of the date the Executive's employment was terminated until
the later of (i) one year after the date of such termination or (ii) one year
after the first Registration Statement Availability Date on or after the date of
such termination. In the event the Employer terminates the Executive's
employment for cause, or the Executive resigns without good reason, the
Executive may exercise those Options that have vested as of the date the
Executive's employment was terminated until the later of (i) six months after
the date of such termination or (ii) six months after the first Registration
Statement Availability Date on or after the date of such termination.
Notwithstanding the foregoing, no Option shall be exercisable with respect to
any termination of the Executive's employment hereunder that occurs after the
Employment Exercise Period with respect to such Option.

         4.       EXPENSE REIMBURSEMENT

         The Employer will pay the Executive's dues in such trade and
professional organizations as Employer deems appropriate, and will pay on behalf
of the Executive (or reimburse the Executive for) reasonable expenses incurred
by the Executive at the request of, or on behalf of, the Employer in the
performance of the Executive's duties pursuant to this Agreement, and in
accordance with the Employer's employment policies, including without limitation
reasonable expenses incurred by the Executive in attending conventions,
seminars, other business meetings and for promotional expenses, provided that
any such activities must be related to Employer's business and all individual
expenses (or those aggregated for a single convention, seminar or other business
trip) greater than $2,500 must be approved by Employer's Chief Executive
Officer. The Executive must file expense reports with respect to such expenses
in accordance with the Employer's policies.

         5.       VACATIONS AND HOLIDAYS

         The Executive will be entitled to three (3) weeks' paid vacation each
calendar year in accordance with the vacation policies of the Employer in effect
for its executive officers from time to time. The Executive will also be
entitled to the paid holidays and other paid leave set forth in the Employer's
policies. Vacation days during any calendar year that are not used by the
Executive

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during such calendar year may be used in any subsequent calendar year; provided,
however, that no more than six weeks' paid vacation may be accrued or carried
forward.

         6.       TERMINATION

                  6.1      EVENTS OF TERMINATION

         The Executive's employment pursuant to this Agreement may be terminated
by Employer only on the following grounds:

                           (a) upon the death of the Executive;

                           (b) upon the disability of the Executive (as defined
in Section 6.2) immediately upon notice from either party to the other; and

                           (c) for cause (as defined in Section 6.3),
immediately upon notice from the Employer to the Executive, or at such later
time as such notice may specify.

         The Executive may terminate his employment only on the following
grounds:

                           (d) without any cause whatsoever, provided that
Executive gives Employer at least 60 days' prior written notice of his
termination of employment;

                           (e) for any material breach of this Agreement by
Employer, which is not cured within ten (10) days after written notice to
Employer;

                           (f) the occurrence of a Change in Control, provided
that Executive gives Employer at least 60 days' prior written notice of his
termination of employment.

                  6.2      DEFINITION OF DISABILITY

         For purposes of Section 6.1, the Executive will be deemed to have a
"Disability" if, for physical or mental reasons, the Executive is unable to
perform the essential functions of the Executive's duties with reasonable
accommodation under this Agreement for 120 consecutive days, or 120 days during
any twelve-month period, as determined in accordance with this Section 6.2. The
Disability of the Executive will be determined by a medical doctor selected by
written agreement of the Employer and the Executive upon the request of either
party by notice to the other. If the Employer and the Executive cannot agree on
the selection of a medical doctor, each of them will select a medical doctor and
the two medical doctors will select a third medical doctor who will determine
whether the Executive has a Disability. The determination of the medical doctor
selected under this Section 6.2 will be binding on both parties. The Executive
must submit to a reasonable number of examinations by the medical doctor making
the determination of disability under this Section 6.2, and the Executive hereby
authorizes the disclosure and release to the Employer of such determination and
all supporting medical records. If the Executive is not legally competent, the

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Executive's legal guardian or duly authorized attorney-in-fact will act in the
Executive's stead, under this Section 6.2, for the purposes of submitting the
Executive to the examinations, and providing the authorization of disclosure,
required under this Section 6.2.

                  6.3      DEFINITION OF "FOR CAUSE"

         For purposes of Section 6.1, the phrase "for cause" means: (a) the
Executive's material breach of this Agreement, which is not cured within ten
(10) days after written notice to Executive; (b) theft, fraud, or
misappropriation (or attempted misappropriation) of any of the Employer's funds
or property; or (c) a conviction or entry of a guilty plea or plea of no contest
with respect to a felony or other crime involving moral turpitude for which
imprisonment is a possible punishment.

                  6.4      TERMINATION PAY

         Effective upon the termination of this Agreement, the Employer will be
obligated to pay the Executive (or, in the event of his death, his designated
beneficiary as defined below) the compensation provided in this Section 6.4:

                           (a) Termination by the Employer for Cause or
Termination by Executive Without Cause. If the Employer terminates this
Agreement for cause or Executive terminates his employment without good reason,
the Executive will be entitled to receive his Salary only through the date such
termination is effective, but will not be entitled to any bonus compensation for
the calendar year during which such termination occurs.

                           (b) Termination upon Disability. If this Agreement is
terminated by either party as a result of the Executive's Disability, as
determined under Section 6.2, the Employer will pay the Executive his Salary
through the remainder of the calendar month during which such termination is
effective and for the lesser of (i) three consecutive months thereafter, or (ii)
the period until disability insurance benefits commence under the disability
insurance coverage furnished by the Employer to the Executive. Executive shall
also be entitled to receive that part of the Executive's bonus compensation, if
any, for the calendar year during which his Disability occurs, prorated through
the end of the calendar month during which his termination is effective.

                           (c) Termination upon Death. If this Agreement is
terminated because of the Executive's death, the Executive will be entitled to
receive his Salary through the end of the calendar month in which his death
occurs, and that part of the Executive's bonus compensation, if any, for the
calendar year during which his death occurs, prorated through the end of the
calendar month during which his death occurs.

                           (d) Termination by Executive Due to Material Breach
by Employer or Termination by Employer Without Cause. If this Agreement is
terminated by Executive due to a material breach of this Agreement by Employer
or by Employer without cause, then Employer shall continue to pay to Executive
his monthly Salary and bonus, based upon the average annual bonus paid
previously to Executive prior to termination of this Agreement, for the lesser
of one year from the date of termination or the remaining Employment Period.

                                        6

<PAGE>

                           (e) Termination by Executive Due to a Change of
Control. If this Agreement is terminated by Executive due to a Change of
Control, then Employer shall continue to pay to Executive his monthly Salary and
bonus, based upon the average annual bonus paid previously to Executive prior to
termination of this Agreement, for the lesser of one year from the date of
termination or the remaining Employment Period.

                           (f) Benefits. The Executive's accrual of, or
participation in plans providing for, the Benefits will cease at the effective
date of the termination of this Agreement, and the Executive will be entitled to
accrued Benefits pursuant to such plans only as provided in such plans.

         7.       NON-DISCLOSURE COVENANT

         Employer and the Executive acknowledge that the services to be
performed by the Executive under this Agreement are unique and valuable and
that, as a result of the Executive's employment, the Executive will be in a
relationship of confidence and trust with Employer and will come into possession
of "Confidential Information" (i) owned or controlled by Employer and its
subsidiaries and affiliates; (ii) in the possession of Employer and its
subsidiaries and affiliates and belonging to third parties; or (iii) conceived,
originated, discovered or developed, in whole or in part, by the Executive. As
used herein "Confidential Information" means trade secrets and other
confidential or proprietary business, technical, personnel or financial
information of Employer, whether or not the Executive's work product, in
written, graphic, oral or other tangible or intangible forms, including but not
limited to specifications, samples, records, data, computer programs, drawings,
diagrams, models, consumer names, ID's or e-mail addresses, business or
marketing plans, studies, analyses, projections and reports, communications by
or to attorneys (including attorney-client privileged communications), memos and
other materials prepared by attorneys or under their direction (including
attorney work product), and software systems and processes that are not readily
available to the public, even if it is not specifically marked as a trade secret
or confidential, unless Employer advises the Executive otherwise in writing or
unless the information has been shared by Employer with entities not bound by
non-disclosure agreements. In consideration of the compensation and benefits to
be paid or provided to the Executive by the Employer under this Agreement, the
Executive agrees not to directly or indirectly use or disclose to anyone, either
during the Employment Period or after the termination of this Agreement, except
in the performance of his duties of his employment with Employer or with
Employer's prior written consent, any Confidential Information of Employer. This
non-disclosure covenant does not apply to information that is disclosed or
becomes public through another source; which Executive is required to disclose
pursuant to court order, subpoena or applicable law (provided that Executive
will use reasonable efforts to provide Employer with prompt notice of any such
requests or requirement so that Employer may seek an appropriate protective
order); or which is disclosed in any proceeding to enforce or interpret this
Agreement. The Executive agrees that in the event of the termination of the
Executive's employment for any reason, the Executive will deliver to Employer,
upon request, all property belonging to Employer, including all documents and
materials of any nature pertaining to the Executive's work with Employer and
will not take with him any documents or materials of any

                                        7

<PAGE>

description, or any reproduction thereof of any description, containing or
pertaining to any Confidential Information.

         8.       NON-COMPETITION

         During the term of this Agreement and for a one-year period after
termination of this Agreement by Employer for cause or by Executive without any
cause whatsoever, as set forth in Sections 6.1(c) and (d), the Executive agrees
that he shall not (a) work for or be interested in any business which serves as
a holding company of Internet businesses ("Internet Businesses"), (b) engage or
be interested in or receive any compensation from any business in which the
services to be rendered by the Executive to such business directly relates to
services or products which are directly competitive with any "primary" services
or products offered by the Employer or a subsidiary or affiliate of Employer
during the Employment Period and during the period ending six months subsequent
to the Executive's termination date; or (c) induce or attempt to induce any
employee, agent or customer of Employer or any of its subsidiaries or affiliates
to terminate or reduce the scope of his, her or its relationship with Employer.
A product or service shall be deemed "primary" only if such service or product
constitutes a primary component of the core business of Employer or its
majority-owned subsidiaries and affiliates on Executive's termination date. For
the purposes of this Agreement, the term "work for or be interested in" a
business means that the Executive is a stockholder, director, officer, employee,
partner, individual proprietor, lender or consultant with that business, but not
if (i) his interest is limited solely to the passive ownership of five percent
(5%) or less of any class of the equity or debt securities of a corporation
whose shares are listed for trading on a national securities exchange or traded
in the over-the-counter market, or (ii) he is interested in a company listed on
Schedule 8 hereto, or after termination hereof, works for such company; provided
however, that so long as this non-competition agreement is in effect, Executive
shall not work for a company listed on Schedule 8 if such company serves as a
holding company primarily for the purpose of acquiring Internet Businesses. In
the event that any part of this Section 8 is adjudged invalid or unenforceable
by any court of record, board of arbitration or judicial or quasi judicial
entity having jurisdiction thereof by reason of length of time, geographical
coverage, activities covered, or for any other reason, then the invalid or
unenforceable provisions of this covenant shall be deemed reformed and amended
to the maximum extent permissible under applicable law and shall be enforced and
enforceable as so amended in accordance with the intention of the parties as
expressed herein.

         9.       GENERAL PROVISIONS

                  9.1      INJUNCTIVE RELIEF AND ADDITIONAL REMEDY

         The Executive acknowledges that the injury that would be suffered by
the Employer as a result of a breach of the provisions of any provision of
Sections 7 and 8 of this Agreement would be irreparable and that an award of
monetary damages to the Employer for such a breach would be an inadequate
remedy. Consequently Employer will have the right, in addition to any other
rights it may have, to obtain injunctive relief to restrain any breach or
threatened breach or otherwise to

                                        8

<PAGE>

specifically enforce any provisions of Sections 7 and 8 of this Agreement, and
the Employer will not be obligated to post bond or other security in seeking
such relief.

                  9.2      WAIVER

         The rights and remedies of the parties to this Agreement are cumulative
and not alternative. Neither the failure nor any delay by either party in
exercising any right, power, or privilege under this Agreement will operate as a
waiver of such right, power, or privilege, and no single or partial exercise of
any such right, power, or privilege will preclude any other or further exercise
of such right, power, or privilege or the exercise of any other right, power, or
privilege.

                  9.3      NOTICES

         All notices, consents, waivers, and other communications under this
Agreement must be in writing and will be deemed to have been duly given when (a)
delivered by hand, (b) sent by facsimile (with written confirmation of receipt),
provided that a copy is mailed by registered mail, return receipt requested, or
(c) when received by the addressee, if sent by a nationally recognized overnight
delivery service (receipt requested), in each case to the appropriate addresses
and facsimile numbers set forth below (or to such other addresses and facsimile
numbers as a party may designate by notice to the other parties):

If to Employer:                     Net Value Holdings, Inc.
                                    Two Penn Center, Suite 605
                                    Philadelphia, PA  19102
                                    Facsimile No.: (215) 564-3133

With a copy to:                     Klehr, Harrison, Harvey, Branzburg & Ellers
                                    260 South Broad Street
                                    Philadelphia, PA  19102
                                    Attention: Michael C. Forman
                                    Facsimile No.: (215) 568-6603

If to Executive:                    Thomas Aley
                                    206 Elsinore Street
                                    Concord, MA 01742
                                    Facsimile No.:

                  9.4      ENTIRE AGREEMENT; AMENDMENTS

         This Agreement and the documents referenced herein, contain the entire
agreement between the parties with respect to the subject matter hereof and
supersede all prior agreements and understandings, oral or written, between the
parties hereto with respect to the subject matter hereof. This Agreement may not
be amended orally, but only by an agreement in writing signed by the parties
hereto.

                                        9

<PAGE>

                  9.5      GOVERNING LAW

         This Agreement will be governed by the laws of the State of Delaware
without regard to conflicts of laws principles.

                  9.6      JURISDICTION

         Any action or proceeding seeking to enforce any provision of, or based
on any right arising out of, this Agreement may be brought against either of the
parties in the courts of the State of Delaware, or, if it has or can acquire
jurisdiction, in the United States District Court for the District of Delaware
and each of the parties consents to the jurisdiction of such courts (and of the
appropriate appellate courts) in any such action or proceeding and waives any
objection to venue laid therein. Process in any action or proceeding referred to
in the preceding sentence may be served on either party anywhere in the world.

                  9.7      ASSIGNABILITY, BINDING NATURE

         This Agreement shall be binding upon and inure to the benefit of the
parties and their respective successors, heirs (in the case of the Executive)
and assigns. No rights or obligations of the Executive under this Agreement may
be assigned or transferred by the Executive other than his rights to
compensation and benefits, which may be transferred only by will or operation of
law.

                  9.8      SURVIVAL

         The respective rights and obligations of the parties hereunder shall
survive any termination of the Executive's employment to the extent necessary to
the intended preservation of such rights and obligations.

                  9.9      PRIOR AGREEMENTS

         The Executive represents and warrants to Employer that his execution
and performance of this Agreement shall not constitute a breach of any contract,
agreement or understanding, whether oral or written, to which he is a party or
by which he is bound.

                  9.10     ACKNOWLEDGMENT

         The Executive hereby acknowledges and certifies that he has read the
terms of this Agreement, that he has been informed by Employer that he should
discuss it with an attorney of his choice, and that he understands its terms and
effects. The Executive further acknowledges that based on his training and
experience, he has the capacity to earn a livelihood by performing services as
an employee or otherwise in a business that does not violate the provisions of
Section 8.

                                       10

<PAGE>

                  9.11     SECTION HEADINGS, CONSTRUCTION

         The headings of Sections in this Agreement are provided for convenience
only and will not affect its construction or interpretation. All references to
"Section" or "Sections" refer to the corresponding Section or Sections of this
Agreement unless otherwise specified. All words used in this Agreement will be
construed to be of such gender or number as the circumstances require. Unless
otherwise expressly provided, the word "including" does not limit the preceding
words or terms.

                  9.12     SEVERABILITY

         If any provision of this Agreement is held invalid or unenforceable by
any court of competent jurisdiction, the other provisions of this Agreement will
remain in full force and effect. Any provision of this Agreement held invalid or
unenforceable only in part or degree will remain in full force and effect to the
extent not held invalid or unenforceable.

                  9.13     COUNTERPARTS

         This Agreement may be executed in one or more counterparts, each of
which will be deemed to be an original copy of this Agreement and all of which,
when taken together, will be deemed to constitute one and the same agreement.
This Agreement (and all other agreements, documents, instruments and
certificates executed and/or delivered in connection herewith) may be executed
by facsimile signatures, each of which shall be deemed an original copy of this
Agreement (or other such agreement, document, instrument and certificate).

                                       11

<PAGE>

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

                                EMPLOYER:

                                NET VALUE HOLDINGS, INC.

                                By: /s/ Andrew P. Panzo
                                    ---------------------------------
                                       Andrew P. Panzo
                                       Chief Executive Officer

                                EMPLOYEE:

                                By: /s/ Thomas Aley
                                    ---------------------------------
                                      Thomas Aley, individually

                                       12

<PAGE>

                                   SCHEDULE 8

                              EMPLOYMENT AGREEMENT

                                      None

                                       13

<PAGE>

                                    EXHIBIT A

                                   ARTICLE VII

                    INDEMNIFICATION OF DIRECTORS AND OFFICERS

         Section 1. The Corporation shall indemnify any person who was or is a
party or is threatened to be made a party to any threatened, pending or
completed action, suit or proceeding, whether civil, criminal, administrative or
investigative (other than an action by or in the right of the Corporation) by
reason of the fact that he is or was a director, officer, employee or agent of
the Corporation, or is or was serving at the request of the Corporation as a
director, officer, employee or agent of another corporation, partnership, joint
venture, trust or other enterprise, against expenses (including attorneys'
fees), judgments, fines and amounts paid in settlement actually and reasonably
incurred by him in connection with such action, suit or proceeding if he acted
in good faith and in a manner he reasonably believed to be in or not opposed to
the best interests of the Corporation, and, with respect to any criminal action
or proceeding, had no reasonable cause to believe his conduct was unlawful. The
termination of any action, suit or proceeding by judgment, order, settlement,
conviction, or upon a plea of nolo contendere or its equivalent, shall not, of
itself, create a presumption that the person did not act in good faith and in a
manner which he reasonably believed to be in or not opposed to the best
interests of the Corporation, and, with respect to any criminal action or
proceeding, had reasonable cause to believe that his conduct was unlawful.

         Section 2. The Corporation shall indemnify any person who was or is a
party, or is threatened to be made a party to any threatened, pending or
completed action or suit by or in the right of the Corporation to procure a
judgment in its favor by reason of the fact that he is or was a director,
officer, employee or agent of the Corporation, or is or was serving at the
request of the Corporation as a director, officer, employee or agent of another
Corporation, partnership, joint venture, trust or other enterprise against
expenses (including attorneys' fees) actually and reasonably incurred by him in
connection with the defense or settlement of such action or suit if he acted in
good faith and in a manner he reasonably believed to be in or not opposed to the
best interests of the Corporation and except that no indemnification shall be
made in respect of any claim, issue or matter as to which such person shall have
been adjudged to be liable to the Corporation unless and only to the extent that
the Court of Chancery or the court in which such action or suit was brought
shall determine upon application that, despite the adjudication of liability but
in view of all the circumstances of the case, such person is fairly and
reasonably entitled to indemnity for such expenses which the Court of Chancery
or such other court shall deem proper.

         Section 3. To the extent that a director, officer, employee or agent of
the Corporation has been successful on the merits or otherwise in defense of any
action, suit or proceeding referred to in Sections 1 or 2 of this Article, or in
defense of any claim, issue or matter therein, he shall be indemnified against
expenses (including attorneys' fees) actually and reasonably incurred by him in
connection therewith.

                                       14

<PAGE>

         Section 4. Any indemnification under sections 1 or 2 of this Article
(unless ordered by a court) shall be made by the Corporation only as authorized
in the specific case upon a determination that indemnification of the director,
officer, employee or agent is proper in the circumstances because he has met the
applicable standard of conduct set forth in such section. Such determination
shall be made:

                  (a) By the Board of Directors by a majority vote of a quorum
consisting of directors who were not parties to such action, suit or proceeding,
or

                  (b) If such a quorum is not obtainable, or, even if obtainable
a quorum of disinterested directors so directs, by independent legal counsel in
a written opinion, or

                  (c) By the stockholders.

         Section 5. Expenses (including attorneys' fees) incurred by an officer
or director in defending any civil, criminal, administrative or investigative
action, suit or proceeding may be paid by the Corporation in advance of the
final disposition of such action, suit or proceeding upon receipt of an
undertaking by or on behalf of such director or officer to repay such amount if
it shall ultimately be determined that he is not entitled to be indemnified by
the Corporation as authorized in this Section. Such expenses (including
attorneys' fees) incurred by other employees and agents may be so paid upon such
terms and conditions, if any, as the Board of Directors deems appropriate.

         Section 6. The indemnification and advancement of expenses provided by,
or granted pursuant to the other sections of this Article shall not be deemed
exclusive of any other rights to which those seeking indemnification or
advancement of expenses may be entitled under any bylaw, agreement, vote of
stockholders or disinterested directors or otherwise, both as to action in his
official capacity and as to action in another capacity while holding such
office.

         Section 7. The Corporation shall have power to purchase and maintain
insurance on behalf of any person who is or was a director, officer, employee or
agent of the Corporation, or is or was serving at the request of the Corporation
as a director, officer, employee or agent of another Corporation, partnership,
joint venture, trust or other enterprise against any liability asserted against
him and incurred by him in any such capacity, or arising out of his status as
such, whether or not the Corporation would have the power to indemnify him
against such liability under the provisions of this Article.

         Section 8. For purposes of this Article, references to "the
Corporation" shall include, in addition to the resulting Corporation, any
constituent Corporation (including any constituent of a constituent) absorbed in
a consolidation or merger which, if its separate existence had continued, would
have had power and authority to indemnify its directors, officers, and employees
or agents, so that any person who is or was a director, officer employee or
agent of such constituent Corporation, or is or was serving at the request of
such constituent Corporation as a director, officer, employee or agent of
another Corporation, partnership, joint venture, trust or other enterprise,
shall stand in the same position under this Article with respect to the
resulting or surviving Corporation

                                       15

<PAGE>

as he would have with respect to such constituent Corporation of its separate
existence had continued.

         Section 9. For purposes of this Article, references to "other
enterprises" shall include employee benefit plans; references to "fines" shall
include any excise taxes assessed on a person with respect to any employee
benefit plan; and references to "serving at the request of the Corporation"
shall include any service as a director, officer, employee or agent of the
Corporation which imposes duties on, or involves services by, such director,
officer, employee, or agent with respect to an employee benefit plan, its
participants or beneficiaries; and a person who acted in good faith and in a
manner he reasonably believed to be in the interest of the participants and
beneficiaries of an employee benefit plan shall be deemed to have acted in a
manner "not opposed to the best interests of the Corporation" as referred to in
this Article.

         Section 10. The indemnification and advancement of expenses provided
by, or granted pursuant to, this Article shall, unless otherwise provided when
authorized or ratified, continue as to a person who has ceased to be a director,
officer, employee or agent and shall inure to the benefit of the heirs,
executors and administrators of such a person.

         Section 11. No director or officer of the Corporation shall be
personally liable to the Corporation or to any stockholder of the Corporation
for monetary damages for breach of fiduciary duty as a director or officer,
provided that this provision shall not limit the liability of a director or
officer (i) for any breach of the director's or the officer's duty of loyalty to
the Corporation or its stockholders, (ii) for acts or omissions not in good
faith or which involve intentional misconduct or a knowing violation of law,
(iii) under Section 174 of the General Corporation Law of Delaware, or (iv) for
any transaction from which the director or officer derived an improper personal
benefit.

                                       16

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