Document:

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                                                                    EXHIBIT 10.1

       AGREEMENT TO DEFER DIVIDENDS AND AMEND LOAN AND SECURITY AGREEMENT
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         Agreement dated this 1st day of March 2001 (the "Amendment") to:

         (i) amend that certain Loan and Security Agreement dated as of December
17, 1997 (the "Loan and Security Agreement"), by and between Cahill, Warnock
Strategic Partners Fund L.P., a limited partnership organized under the laws of
the State of Delaware ("Cahill Warnock"), Strategic Associates L.P., a limited
partnership organized under the laws of the State of Delaware ("Strategic
Associates"), Newpark Resources, Inc., a Delaware corporation ("Newpark"), James
H. Stone, an individual whose address is c/o Stone Energy, 909 Poydras Street,
Suite 2650, New Orleans, LA 70112 ("Stone"), Environmental Safeguards, Inc., a
Nevada corporation ("EVSF" or the "Company"), National Fuel & Energy, Inc., a
Wyoming corporation and wholly-owned subsidiary of EVSF ("NFE"), and OnSite
Technology, L.L.C., a limited liability company organized under the laws of the
State of Oklahoma ("OnSite"); and

         (ii) defer payment of dividends on the Company's Series D Convertible
Preferred Stock which were received by Cahill Warnock, Strategic Associates,
Newpark and Stone in exchange for the Company's Series C Preferred Shares; and

         (iii) agree to the conversion price of the Company's Series D
Convertible Preferred Stock at the default rate as set forth in the Agreement to
Exchange Shares and Amend Loan and Security Agreement dated September 1, 2000
("Exchange Agreement") and agree to the default rate.

                                    RECITALS

         WHEREAS, pursuant to the Loan and Security Agreement, and on the terms
and conditions set forth therein, Cahill Warnock, Strategic Associates, Newpark,
and Stone (each a "Lender" and collectively the "Lenders") agreed to make
certain loans to EVSF, NFE, and OnSite (each a "Borrower" and collectively the
"Borrowers");
<PAGE>   2

         WHEREAS, pursuant to the Series B Convertible Preferred and Series C
Preferred Stock Purchase Agreement dated as of December 17, 1997 (the "Stock
Purchase Agreement"), and on the terms and conditions set forth therein, Cahill
Warnock, Strategic Associates, Newpark, and Stone (each a "Purchaser" and
collectively the "Purchasers") agreed to purchase shares of the Company's Series
B Convertible Preferred and Series C Preferred Stock;

         WHEREAS, pursuant to the Exchange Agreement the Purchasers exchanged
their shares of the Company's Series C Preferred Stock for the Company's Series
D Convertible Preferred Shares;

         WHEREAS, the Lenders and the Borrowers wish to defer certain payments
due to the Lenders under the Loan and Security Agreement;

         WHEREAS, the Purchasers and the Company wish to defer certain dividends
due on the Series D Convertible Preferred Shares;

         WHEREAS in consideration of the deferral of payments by the Purchasers
and the Lenders, the Purchasers and the Company desire to set the conversion
price of the Series D Convertible Preferred Shares;

         WHEREAS, the Lenders and the Borrowers desire to amend the Loan and
Security Agreement, as more fully set forth herein;

         NOW, THEREFORE, in consideration of the foregoing, and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties agree as follows:

         1. All capitalized terms used herein shall have the meanings assigned
to them in the Loan and Security Agreement unless expressly defined otherwise in
this Amendment.

         2. Except as otherwise specifically provided herein, all terms and
conditions of the Loan and Security Agreement shall apply to the interpretation
and enforcement of this Amendment as if explicitly set forth herein.

         3. Amendments to the Loan and Security Agreement

         3.1 The Deferrals. Section 2.2(b) of the Loan and Security Agreement,
as amended in the Exchange Agreement, is hereby further amended by deleting
Section 2.2(b) and replacing it in its entirety with the following:

         "(b) If not earlier paid, or if not accelerated for payment, each loan
shall be payable to each Lender (for its Pro Rata Share), with notice of such
payment to the Agent, quarterly in arrears in substantially equal periodic
installments consisting of principal plus interest accrued at the rate set forth
in the Note, on the fifth (5th) day of each March, June, September and December
(each an "Interest Payment Date"), commencing on March 5, 1998, with the entire
remaining principal balance of the Loan and all interest accrued thereon due and
payable on the Maturity Date, subject, however, to the following deferrals (each
a "Deferral" and collectively the "Deferrals"): (i) the payment of principal and
interest due on March 5, 2001, including all amounts previously deferred
pursuant to the Exchange Agreement shall instead become due on June 8, 2001 and
(ii) the payment of principal and interest due on June 5, 2001, including all
amounts previously deferred pursuant to the Exchange Agreement shall instead
become due on June 8, 2001. Notwithstanding the foregoing in the event that on
June 8, 2001, EVSF is engaged in good faith negotiations for the sale of EVSF,
or a subsidiary, or substantially all of its assets, or substantially all of the
assets of its subsidiaries ("Financing Transaction"), then all of the Deferrals
shall be extended to July 8, 2001 and from month to month thereafter until the
consummation of the Financing Transaction or the termination of the good faith
negotiations. The payments subject to these Deferrals shall bear interest at the
rate set forth in Section 2.2(a) above and not at the Default Rate. No late
charges, as described in Section 2.4, shall accrue with respect to either of the
Deferrals"

         4 Deferral of Series D Convertible Preferred Dividends and Conversion
Price

         4.1 Deferral of Series D Convertible Preferred Dividends. The parties
agree to defer payment of the following Dividends on the Series D Convertible
Preferred Stock until June 8, 2001: (i) the Special Dividend that is referenced
in Section 3.4 of the Exchange Agreement; and (ii) the dividend that is due five
(5) days after the close of the quarter ending March 31, 2001 (collectively
"Dividend Deferrals"). Notwithstanding the foregoing in the event that on June
8, 2001, EVSF is engaged in good faith negotiations for a Financing Transaction,
then all of the Dividend Deferrals and an additional deferral of the dividend
that is due five (5) days after the close of the quarter ending June 30, 2001
shall be extended to July 8, 2001 and from month to month thereafter until the
consummation of the Financing Transaction or the termination of the good faith
negotiations.
<PAGE>   3

         4.2 Conversion Price of Series D Convertible Preferred Shares. The
parties agree that in exchange for the Deferrals referenced above, the
conversion price shall be set at the default rate as referenced in Section 3.2
of the Exchange Agreement. The parties further agree that the default rate shall
be $.37 per share.

         5. Closing.

         5.1 Date and Place of Closing. Subject to the conditions stated in this
Amendment, the consummation of the transactions contemplated hereby (the
"Closing") shall be held on or before March 2, 2001, or such other date as is
mutually satisfactory to the parties hereto (the "Closing Date"). The Closing
shall be held at such time and place as the parties hereto may agree in writing.

         5.2 Conditions to the Borrowers's Closing. The obligations of Borrowers
hereunder are subject to the following conditions, each of which must be
satisfied or waived by Borrowers prior to Closing:

             (a) Representations and Warranties True. Borrowers shall be
satisfied that all representations and warranties of the Lenders contained in
this Amendment are true in all material respects at and as of the Closing as if
such representations and warranties were made at and as of the Closing, and that
the Lenders shall have performed and satisfied all material agreements in all
material respects as required by this Amendment to be performed and satisfied by
the Lenders at or prior to the Closing.

         5.3 Conditions to Lender's Closing. The obligations of the Lenders
hereunder are subject to the following conditions, each of which must be
satisfied or waived by the Lenders prior to closing:

             (a) Resolutions. Prior to or at Closing, the Lenders shall have
received resolutions of the Board of Directors of the Company authorizing and
approving the transactions contemplated by this Amendment, certified by the
respective Secretary or Assistant Secretary of the Company.

             (b) Representations and Warranties True. Lenders shall be satisfied
that all representations and warranties of the Borrowers contained in this
Amendment shall be true in all material respects as at and as of the Closing as
if such representations and warranties were made at and as of the Closing, and
that the Borrowers have performed and satisfied all material agreements in all
material respects as required by this Amendment to be performed and satisfied by
the Borrowers at or prior to the Closing.

         6. Representations and Warranties

         6.1 Representations and Warranties of the Borrowers. The Borrowers
represent and warrant as of the date hereof and as of the Closing Date as
follows:

             (a) Accuracy of Representations and Warranties. Each of the
representations and warranties regarding the Borrowers set forth in Section 5 of
the Loan and Security Agreement was true, complete and accurate in all material
respects when made. Except as set forth on Schedule 6.1 to the Exchange
Agreement and on Schedule A to this Amendment, since the dates on which such
representations and warranties were made, no event has occurred that has had a
material adverse effect on the business, assets, financial condition or
operations of the Borrowers and that would cause any such representations or
warranty, if made as of the date of this Amendment, to be materially false.

             (b) No Conflict. The Borrowers have all requisite power and
authority to carry on their business as presently conducted, to enter into this
Amendment and to perform their obligations hereunder. The consummation of the
transactions contemplated by this Amendment will not violate, or be in conflict
with, any material provision of the certificates of incorporation of any of the
Borrowers or any material provision of any agreement or instrument to which any
of the Borrowers are a party or by which either of them are bound (except for
any provision in any agreement relating to required consents to transfer)
noncompliance with which would have a materially adverse effect upon the Lenders
or upon any of the transactions contemplated by this Amendment, or, to the
knowledge of the Borrowers, any judgment, decree, order, statute, rule or
regulation applicable to the Borrowers (subject to required approvals of
Federal, state, or other governmental agencies).

             (c) Authorization. The execution, delivery and performance of this
Amendment and the transactions contemplated hereby and have been duly and
validly authorized by all requisite action on the part of the Borrowers.

             (d) Enforceability. This Amendment has been duly executed and
delivered on behalf of the Borrowers. This Amendment constitutes legal, valid
and binding obligations of the Borrowers enforceable in accordance with their
respective terms, except that such enforcement may be subject to bankruptcy,
insolvency, moratorium or similar laws affecting creditors' rights.

         6.2 Representations and Warranties of the Lenders. The Lenders
represent and warrant as of the date hereof and as of the Closing Date as
follows:

             (a) No Conflict. The Lenders have all requisite power and authority
to carry on their business as presently conducted, to enter into this Amendment
and to perform their obligations hereunder. The consummation of the transactions
contemplated by this Amendment will not violate, or be in conflict with, any
material provision of the certificates of incorporation of any of the Lenders or
any material provision of any agreement or instrument to which any of the
Lenders are a party or by which either of them are bound (except for any
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provision in any agreement relating to required consents to transfer)
noncompliance with which would have a materially adverse effect upon the
Borrowers or upon any of the transactions contemplated by this Amendment, or, to
the knowledge of the Lenders, any judgment, decree, order, statute, rule or
regulation applicable to the Lenders (subject to required approvals of Federal,
state, or other governmental agencies).

             (b) Authorization. The execution, delivery and performance of this
Amendment and the transactions contemplated hereby have been duly and validly
authorized by all requisite action on the part of the Lenders.

             (c) Enforceability. This Amendment has been duly executed and
delivered on behalf of the Lenders. This Amendment constitutes a legal, valid
and binding obligation of the Lenders, enforceable in accordance with its terms,
except that such enforcement may be subject to bankruptcy, insolvency,
moratorium or similar laws affecting creditors' rights.

         7. THIS AMENDMENT IS TO BE CONSTRUED UNDER THE LAWS OF THE STATE OF
MARYLAND.

         9. This Amendment shall be of no force and effect until receipt and
execution of this Amendment by the Borrowers. This Amendment may be executed in
counterparts, each of which shall be deemed an original, but all of which shall
be deemed one instrument, by facsimile signature of any of the parties, each of
which shall be deemed an original for all purposes.

         10. Except as expressly amended hereby, the Loan and Security Agreement
remains in full force and effect. Any references to the Loan and Security
Agreement shall refer to the Agreement as amended hereby.

         IN WITNESS WHEREOF, the undersigned have executed this Amendment under
seal as of the date first set forth above.

                            BORROWERS:
                            ENVIRONMENTAL SAFEGUARDS, INC. (EVSF)

                            By: /s/ James S. Percell
                            Name: James S. Percell
                            Title: President

                            NATIONAL FUEL & ENERGY, INC.

                            By: /s/ James S. Percell
                            Name: James S. Percell
                            Title: President

                            ONSITE TECHNOLOGY LLC

                            By: /s/ James S. Percell
                            Name: James S. Percell
                            Title: President

                            LENDERS/PURCHASERS:

                            CAHILL, WARNOCK STRATEGIC PARTNERS FUND LLP

                            By: /s/ David L. Warnock
                            Name: David L. Warnock
                            Title: ___________________

                            STRATEGIC ASSOCIATES L.P.

                            By: /s/ David L. Warnock
                            Name: David L. Warnock
                            Title: ___________________

                            NEWPARK RESOURCES, INC.

                            By: /s/ Mathew W. Hardey
                            Name: Mathew W. Hardey
                            Title: Vice President

                            /s/ James H. Stone
                                JAMES H. STONE<PAGE>   1

                                                                   EXHIBIT 10.10

                              BINDVIEW CORPORATION
                         EXECUTIVE EMPLOYMENT AGREEMENT

THIS EXECUTIVE EMPLOYMENT AGREEMENT (this "Agreement") is made between BindView
Development Corporation, a Texas corporation (the "Company"), and the
"Executive" identified above. Unless otherwise indicated, all references to
Sections are to Sections in this Agreement. This Agreement is effective as of
the "Effective Date" set forth in Schedule 1 at the end of this Agreement.

                                   WITNESSETH:

                  WHEREAS, the Company desires to obtain the services of the
Executive, and the Executive desires to be employed by the Company upon the
terms and conditions hereinafter set forth;

                  NOW, THEREFORE, in consideration of the premises, the
agreements herein contained and other good and valuable consideration, receipt
of which is hereby acknowledged, the parties hereto agree as of the date hereof
as follows:

         1.       EMPLOYMENT.

                  (a) Subject to the terms and conditions hereinafter set forth,
the Company hereby agrees to employ the Executive, and the Executive hereby
agrees to serve the Company, in the capacity specified in Schedule 1
("Employment").

                  (b) During the Employment, the Executive will serve in the
"Position" referred to in Schedule 1. In that connection, the Executive will (i)
devote his full time, attention, and energies to the business of the Company and
will diligently and to the best of his ability perform all duties incident to
his employment hereunder; (ii) use his best efforts to promote the interests and
goodwill of the Company; (iii) perform such other duties commensurate with his
office as the Chief Executive Officer of the Company may from time-to-time
assign to him.

                  (c) Section 1(b) shall not be construed as preventing the
Executive from (i) serving on corporate, civic or charitable boards or
committees, (ii) engaging in other business activities that do not represent a
conflict of interest with the full execution of his duties to the Company, or
(iii) making investments in other businesses or enterprises; provided in no
event shall any such service, business activity or investment require the
provision of substantial services by the Executive to the operations or the
affairs of such businesses or enterprises such that the provision thereof would
interfere in any respect with the performance of the Executive's duties
hereunder. Without limiting the previous sentence, it is expressly understood
and agreed that the Executive's engaging in the "Non-Interfering Activities," if
any, listed in Schedule 1 (or the conduct of activities similar in nature and
scope thereto) will not be deemed to interfere with the performance of the
Executive's responsibilities to the Company.

         2.       COMPENSATION AND BENEFITS DURING EMPLOYMENT. During the
Employment, the Company shall provide compensation and benefits to the Executive
as follows.

                  (a) The Company shall pay the Executive, subject to the terms
and conditions of this Agreement, a monthly base salary at the rate of not less
than the "Initial Salary" set forth in Schedule 1, payable in accordance with
the normal payroll practices of the Company but in no less than equal bi-weekly
installments, less withholding required by law or agreed to by the Executive.

                  (b) As additional compensation for services hereunder, the
Executive shall be entitled to a contingent annual bonus with an "On-Target
Amount" of not less than the amount set forth in Schedule 1. The actual bonus
amount in any given year, if any, will be determined by and contingent upon the
Company's achievement of financial performance objectives set by the Company
from time to time in its discretion for determining payment of bonuses to its
senior executives. The bonus, if any, will be paid at the same time and in the
same manner as the payment of bonuses to other senior executives of the Company
as determined by the Company in its discretion.

                  (c) The Executive shall, upon satisfaction of any eligibility
requirements with respect thereto, be entitled to participate in all employee
benefit plans of the Company, including without limitation those health, dental,
accidental death and dismemberment, and long term disability plans, 401(k)
plans, pension or profit-sharing plans, stock option plans, and similar
benefits,

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<PAGE>   2

of the Company now or hereafter in effect that are made available to executive
officers of the Company and on the same terms as offered to other executive
officers of the Company.

                  (d) The Company shall maintain for the Executive the
"Specific Benefits" summarized in Schedule 1, if any.

                  (e) The Company will reimburse the Executive for reasonable
business expenses incurred by the Executive in connection with the Employment in
accordance with the Company's then-current policies and IRS guidelines.

                  (f) During the Employment the Executive shall be entitled to
sick leave, holidays, and an annual vacation, all in accordance with the regular
policy of the Company for its executives (but in no event less than the "Minimum
Annual Vacation" set forth in Schedule 1), during which time his compensation
and benefits shall be paid or provided in full. Each such vacation shall be
taken by the Executive at such times as may be mutually agreed upon by the
Executive and Company.

         3.       TERMINATION OF EMPLOYMENT.

                  (a) The Executive will be an "at will" employee during the
entire time of the Employment. Either the Company or the Executive can terminate
the Employment at any time, for any reason or no reason, with or without cause.
The Employment will end on the termination date stated in the Company's notice
of termination to the Executive or in the Executive's notice of resignation to
the Company, as applicable.

                  (b) If the Executive resigns from the Company, the Company may
in its discretion waive any notice period stated in the Employee's notice of
resignation, in which case the Employment will end immediately upon such waiver.

                  (c) If the Executive resigns from the Company, the Executive
shall, at the time of resignation, advise the Company of any plans the Executive
may have for future employment and shall cooperate in such exit-interview
procedures as may be reasonably requested by the Company.

         4.       POST-EMPLOYMENT COMPENSATION AND BENEFITS. In the event of
any termination of the Employment, by either the Company or the Executive, the
Company and the Executive will have the following obligations concerning
compensation and benefits.

                  (a) Any amounts payable under Section 2, which shall have been
earned but not yet paid, including without limitation vacation pay, shall be
paid by the Company to the Executive.

                  (b) If the Employment is terminated because of (i) the death
of the Executive, or (ii) by the Company because of the inability of the
Executive to perform his duties hereunder, by reason of physical or mental
injury or illness, incapacitating him for a continuous period exceeding three
months, excluding any leaves of absence approved by the Company ("Disability"),
then the Company will pay to the Executive, or to the Executive's heirs,
assigns, successors-in-interest, or legal representatives) any and all salary,
other benefits or incentive payments earned, accrued or provided to or by the
Executive under this Agreement, or granted to the Executive by the officers
and/or board of directors of the Company, through the date of the Executive's
death or disability and not already paid.

                  (c) Depending on the reason for termination of the Employment,
the Executive will be entitled to a Severance Period as set forth in Schedule 1.
The Severance Period, if any, will be measured beginning on the later of (i) the
effective date of termination stated in Company's notice of termination, if the
Employment is terminated by the Company, or (ii) the date of the Executive's
resignation if the Employment is terminated thereby.

                           (1) During the Severance  Period,  if any, the
Company shall pay the Executive the following "Severance Payments," namely: (i)
the amounts described in Section 2(a), and (ii) a series of quarterly bonus
payments such so that the aggregate amount of such bonus payments is equal to
the On-Target Amount called for by Section 2(b) times the number of years in the
Severance Period. The respective amounts of the bonus payments called for by
clause (ii) of the previous sentence will be computed each quarter as though the
Company had exactly met its financial performance objectives as set forth in the
Company's then-current bonus plan for its senior executives. The amount of any
such bonus payment will not be decreased if the Company in fact fails to meet
its financial performance objectives for the quarter in question, nor will it be
increased if the Company in fact exceeds such objectives.

                           (2) During the Severance Period, if any, the
Company shall maintain the Executive as a participant in, or provide benefits
comparable to those of, the health insurance benefit plan specified under
Section 2(c).

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<PAGE>   3

                           (3) The Executive may elect, upon 30 days prior
written notice of such election delivered to the Company to have any remaining
amounts so payable to him paid in a lump sum amount, which amount shall be
computed by discounting to present value such remaining amounts payable to the
Executive at a rate of 8% per annum for each payment otherwise owed to the
Executive through the remaining months in the Severance Period. Under no
circumstances shall the Executive be required to mitigate the amount of any
payment which is payable by the Company during the Severance Period.

                  (d) Other than as provided herein, after termination of the
Employment, the Company shall not be obligated to make the payments, nor to
provide the benefits, specified in Section 2, nor any other payments or
benefits.

                  (e) The Executive shall pay any amount or amounts then owed
by the Executive to the Company.

                  (f) Termination of the Employment shall not affect the
continued enforceability of this Agreement.

         5.       SEVERANCE PERIOD DEFINITIONS. For purposes of determining
whether the Executive is entitled to a Severance Period under Schedule 1, the
following terms have the meaning set forth below:

                  (a) "Cause" means either (i) the willful commission by the
Executive of an act constituting a dishonest or other act of material
misconduct, or conviction of a fraudulent act or a felony under the laws of any
state or of the United States to which the Company or Executive is subject, and
such act results (or is intended to result directly or indirectly) in the
Executive's substantial gain or personal enrichment to the material and
demonstrable detriment of the Company; or (ii) the commission of repeated
material breaches of this Agreement by the Executive where the Company notifies
the Executive in writing of each such material breach, and prior to termination,
the Company gives the Executive thirty (30) days advance written notice of its
intention to terminate the Employment for Cause at the end of such thirty-day
period.

                           Any act, or failure to act, based upon authority
given pursuant to a resolution duly adopted by the Board or upon the
instructions of the Chief Executive Officer of the Company or based upon the
advice of counsel for the Company shall be conclusively presumed to be done, or
omitted to be done, by the Executive in good faith and in the best interests of
the Company and thus shall not be deemed grounds for termination for Cause.

                  (b) "Good Reason" means any of the following:

                           (1) the assignment by the Company to the Employee of
duties that are materially inconsistent with the Employee's office or position
with Company at the time of such assignment, or the removal by the Company from
the Employee of a material portion of those duties actually appertaining to the
Employee, and/or those duties usually appertaining to the Employee's office or
position with the Company, at the time of such removal (a change of title and/or
reporting responsibility, in and of themselves, shall not be deemed to
constitute such an assignment or such a removal);

                           (2) a material change by the Company, without the
Employee's prior written consent, in the Employee's responsibilities to the
Company, as such responsibilities are ordinarily and customarily required from
time to time of a person in the same office or position, in a corporation
engaged in the Company's business, as the Employee's office or position with the
Company (a change of title and/or reporting responsibility, in and of
themselves, shall not be deemed to constitute a material change);

                           (3) any removal of the Employee from, or any failure
to reelect or to reappoint the Employee to, the Office or any office of the
Company held by the Employee immediately prior to such Change in Control;

                           (4) the Company's direction that the Employee
discontinue service (or not seek reelection or reappointment) as a director,
officer or member of any corporation or association of which the Employee is a
director, officer, or member at the date of this Agreement;

                           (5) a reduction by the Company in the amount of the
Employee's base salary as determined under this Agreement (or as subsequently
increased), or the failure of the Company to pay such base salary to the
Employee at the time and in the manner specified in Section 3;

                           (6) the discontinuance (without comparable
replacement) or material reduction by the Company of the Employee's
participation in any bonus or other employee benefit arrangement (including,
without limitation, the On-Target Amount stated in Schedule 1 and any
profit-sharing, thrift, life insurance, medical, dental, hospitalization, stock
option or retirement plan or arrangement) in which the Employee is a participant
under the terms of this Agreement, as in effect on the Effective Date or as may
be improved from time to time hereafter;

                                       3

<PAGE>   4

                           (7) the moving by the Company of the Employee's
principal office space, related facilities, or support personnel, from the
Company's principal operating offices, or the Company's requiring the Employee
to perform a majority of his duties outside the Company's principal operating
offices for a period of more than 30 consecutive days;

                           (8) the relocation, without the Employee's prior
written consent, of the Company's principal operating offices to a location
outside Harris County or Fort Bend County or to any location more than 15 miles
from the Company's existing principal operating offices at 5151 San Felipe,
Houston, Texas;

                           (9) in the event the Company requires the Employee
to reside at a location more than 25 miles from the Company's principal
operating offices, except for occasional travel in connection with the Company's
business to an extent and in a manner which is substantially consistent with the
Employee's current business travel obligations;

                           (10) in the event the Employee consents to a
relocation of the Company's principal operating offices, the failure of the
Company to (A) pay or reimburse the Employee on an after-tax basis for all
reasonable moving expenses incurred by the Employee in connection with such
relocation or (B) indemnify the Employee on an after-tax basis against any loss
realized by the Employee on the sale of his principal residence in connection
with such relocation;

                           (11) the failure of the Company to provide the
Employee with the benefits specified under Section 2;

                           (12) the failure of the Company to continue to
provide the Employee with office space, related facilities, equipment, and
support personnel (including, without limitation, administrative and secretarial
assistance) that are commensurate with the Employee's responsibilities to and
position with the Company;

                           (13) the failure by the Company to promptly
reimburse the Employee for the reasonable business expenses incurred by the
Employee in the performance of his duties for the Company (provided that the
Employee has complied with the Company's normal and reasonable procedures for
such reimbursement);

                           (14) the failure by the Company to comply with its
obligations under Section 9(b) (concerning assumption of this Agreement by any
successor or assign of the Company).

                  (c)  A "Change in Control" of the Company shall have
occurred if, after the Effective Date:

                           (i) a report on Schedule 13D or Schedule 14D-1 (or
any successor schedule, form or report) shall be filed with the Commission
pursuant to the Exchange Act and that report discloses that any person (within
the meaning of Section 13(d) or Section 14(d)(2) of the Exchange Act), other
than the Company (or one of its subsidiaries) or any employee benefit plan
sponsored by the Company (or one of its subsidiaries), is the beneficial owner
(as that term is defined in Rule 13d-3 or any successor rule or regulation
promulgated under the Exchange Act), directly or indirectly, of 20 percent or
more of the outstanding Voting Stock;

                           (ii) any person (within the meaning of
Section 13(d) or Section 14(d)(2) of the Exchange Act), other than the Company
(or one of its subsidiaries) or any employee benefit plan sponsored by the
Company (or one of its subsidiaries), shall purchase securities pursuant to a
tender offer or exchange offer to acquire any Voting Stock (or any securities
convertible into Voting Stock) and, immediately after consummation of that
purchase, that person is the beneficial owner (as that term is defined in Rule
13d-3 or any successor rule or regulation promulgated under the Exchange Act),
directly or indirectly, of 20 percent or more of the outstanding Voting Stock
(such person's beneficial ownership to be determined, in the case of rights to
acquire Voting Stock, pursuant to paragraph (d) of Rule 13d-3 or any successor
rule or regulation promulgated under the Exchange Act);

                           (iii) the consummation of:

                                    (x) a merger, consolidation or
reorganization of the Company with or into any other person if (a) the Company
is not the surviving entity or (b) as a result of such merger, consolidation or
reorganization, 50 percent or less of the combined voting power of the
then-outstanding securities of such other person immediately after such merger,
consolidation or reorganization are held in the aggregate by the holders of
Voting Stock immediately prior to such merger, consolidation or reorganization;

                                    (y) any sale, lease, exchange or other
transfer of all or substantially all the assets of the Company and its
consolidated subsidiaries to any other person if as a result of such sale,
lease, exchange or

                                       4

<PAGE>   5

other transfer, 50 percent or less of the combined voting power of the
then-outstanding securities of such other person immediately after such sale,
lease, exchange or other transfer are held in the aggregate by the holders of
Voting Stock immediately prior to such sale, lease, exchange or other transfer;
or

                                    (z) a transaction immediately after the
consummation of which any person (within the meaning of Section 13(d) or Section
14(d)(2) of the Exchange Act) would be the beneficial owner (as that term is
defined in Rule 13d-3 or any successor rule or regulation promulgated under the
Exchange Act), directly or indirectly, of more than 50 percent of the
outstanding Voting Stock;

                           (iv) the stockholders of the Company approve the
dissolution of the Company; or

                           (v) during any period of 12 consecutive months, the
individuals who at the beginning of that period constituted the Board of
Directors shall cease to constitute a majority of the Board of Directors, unless
the election, or the nomination for election by the Company's stockholders, of
each director of the Company first elected during such period was approved by a
vote of at least a two-thirds of the directors of the Company then still in
office who were directors of the Company at the beginning of any such period.

                  (d) "Voting Stock" means shares of capital stock of the
Company the holders of which are entitled to vote for the election of directors,
but excluding shares entitled to so vote only upon the occurrence of a
contingency unless that contingency shall have occurred.

         6.       CONFIDENTIAL INFORMATION.

                  (a) The Executive acknowledges that the law provides the
Company with protection for its trade secrets and confidential information. The
Executive will not disclose, directly or indirectly, any of the Company's
confidential business information or confidential technical information to
anyone without authorization from the Company's management. The Executive will
not use any of the Company's confidential business information or confidential
technical information in any way, either during or after the Employment with the
Company, except as required in the course of the Employment.

                  (b) The Executive will strictly adhere to any obligations that
may be owed to former employers insofar as the Executive's use or disclosure of
their confidential information is concerned.

                  (c) Information will not be deemed part of the confidential
information restricted by this Section 6 if the Executive can show that: (i) the
information was in the Executive's possession or within the Executive's
knowledge before the Company disclosed it to the Executive; or (ii) the
information was or became generally known to those who could take economic
advantage of it; or (iii) the Executive obtained the information from a party
having the right to disclose it to the Executive without violation of any
obligation to the Company, or (iv) the Executive is required to disclose the
information pursuant to legal process (e.g., a subpoena), provided that the
Executive notifies the Company immediately upon receiving or becoming aware of
the legal process in question. No combination of information will be deemed to
be within any of the four exceptions in the previous sentence, however, whether
or not the component parts of the combination are within one or more exceptions,
unless the combination itself and its economic value and principles of operation
are themselves within such an exception.

                  (d) All originals and all copies of any drawings, blueprints,
manuals, reports, computer programs or data, notebooks, notes, photographs, and
all other recorded, written, or printed matter relating to research,
manufacturing operations, or business of the Company made or received by the
Executive during the Employment are the property of the Company. Upon
termination of the Employment, whether or not for Cause, the Executive will
immediately deliver to the Company all property of the Company that may still be
in the Executive's possession. The Executive will not remove or assist in
removing such property from the Company's premises under any circumstances,
either during the Employment or after termination thereof, except as authorized
by the Company management.

                  (e) For a period of one (1) year after the date of termination
of the Employment, the Executive will not, either directly or indirectly, hire
or employ or offer or participate in offering employment to any person who at
the time of such termination or at any time during such year following the time
of such termination was an employee of the Company without the prior written
consent of the Company.

                                       5

<PAGE>   6

         7.       OWNERSHIP OF INTELLECTUAL PROPERTY. The following provisions
apply except to the extent expressly stated otherwise in Schedule 1.

                  (a) The Company will be the sole owner of any and all of the
Executive's Inventions that are related to the Company's business, as defined in
more detail below.

                  (b) For purposes of this Agreement, "Inventions" means all
inventions, discoveries, and improvements (including, without limitation, any
information relating to manufacturing techniques, processes, formulas,
developments or experimental work, work in progress, or business trade secrets),
along with any and all other work product relating thereto.

                  (c) An Invention is "related to the Company's business"
("Company-Related Invention") if it is made, conceived, or reduced to practice
by the Executive (in whole or in part, either alone or jointly with others,
whether or not during regular working hours), whether or not potentially
patentable or copyrightable in the U.S. or elsewhere, and it either: (i)
involves equipment, supplies, facilities, or trade secret information of the
Company; (ii) involves the time for which the Executive was or is to be
compensated by the Company; (iii) relates to the business of the Company or to
its actual or demonstrably anticipated research and development; or (iv)
results, in whole or in part, from work performed by the Executive for the
Company.
                  (d) The Executive will promptly disclose to the Company, or
its nominee(s), without additional compensation, all the Company-Related
Inventions, including without limitation all "Computer Software" (defined as all
computer programs, associated documentation, and copies thereof) that is so
related.
                  (e) The Executive will assist the Company, at the Company's
expense, in protecting any intellectual property rights that may be available
anywhere in the world for such Company-Related Inventions, including signing
U.S. or foreign patent applications, oaths or declarations relating to such
patent applications, and similar documents.

                  (f) To the extent that any Company-Related Invention is
eligible under applicable law to be deemed a "work made for hire," or otherwise
to be owned automatically by the Company, it will be deemed as such, without
additional compensation to the Executive. In some jurisdictions, the Executive
may have a right, title, or interest ("Right," including without limitation all
right, title, and interest arising under patent law, copyright law, trade-secret
law, semiconductor chip protection law, or otherwise, anywhere in the world,
including the right to sue for present or past infringement) in certain the
Company-related Inventions that cannot be automatically owned by the Company. In
that case, if applicable law permits the Executive to assign the Executive's
Right(s) in future Company-related Inventions at this time, then the Executive
hereby assigns any and all such Right(s) to the Company, without additional
compensation to the Executive; if not, then the Executive agrees to assign any
and all such Right(s) in any such future BindView-Related Inventions to the
Company or its nominee(s) upon request, without additional compensation to the
Executive.
                  (g) To the extent that the Executive retains any so-called
"moral rights" or similar rights in a Company-related Invention as a matter of
law, the Executive authorizes the Company or its designee to make any changes it
desires to any part of that Company-related Invention; to combine any such part
with other materials; and to withhold the Executive's identity in connection
with any business operations relating to that Company-related Invention; in any
case without additional compensation to the Executive.

         8.       EMPLOYEE HANDBOOKS, ETC. From time to time, the Company may,
in its discretion, establish, maintain and distribute employee manuals or
handbooks or personnel policy manuals, and officers or other representatives of
the Company may make written or oral statements relating to personnel policies
and procedures. The Executive will adhere to and follow all rules, regulations,
and policies of the Company set forth in such manuals, handbooks, or statements
as they now exist or may later be amended or modified. Such manuals, handbooks
and statements do not constitute a part of this Agreement nor a separate
contract, and shall not be deemed as amending this Agreement or as creating any
binding obligation on the part of the Company, but are intended only for general
guidance.

         9.       SUCCESSORS.

                  (a) This Agreement shall inure to the benefit of and be
binding upon (i) the Company and its successors and assigns and (ii) the
Executive and the Executive's heirs and legal representatives, except that the
Executive's duties and responsibilities under this Agreement are of a personal
nature and will not be assignable or delegable in whole or in part.

                                       6

<PAGE>   7

                  (b) The Company will require any successor (whether direct or
indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business and/or assets of the Company to assume
expressly and agree to perform this Agreement in the same manner and to the same
extent that the Company would be required to perform it if no such succession
had taken place. As used in this Agreement, "Company" shall mean the Company as
hereinbefore defined and any successor to its business and/or assets as
aforesaid which assumes and agrees to perform this Agreement by operation of
law, or otherwise.

         10.      ARBITRATION.

                  (a) Except as set forth in paragraph (b) of this Section 10 or
to the extent prohibited by applicable law, any dispute, controversy or claim
arising out of or relating to this Agreement or its interpretation, performance,
or alleged breach will be submitted to binding arbitration before a single
arbitrator in accordance with the National Rules for the Resolution of
Employment Disputes of the American Arbitration Association in effect on the
date of the demand for arbitration. The arbitration shall take place before a
single arbitrator, who will preferably but not necessarily be a lawyer but who
shall have at least five years' experience in working in or with computer
software companies. Unless otherwise agreed by the parties, the arbitration
shall take place in the city in which the Executive's principal office space is
located at the time of the dispute or was located at the time of termination of
the Employment (if applicable). The arbitrator is hereby directed to take all
reasonable measures not inconsistent with the interests of justice to expedite,
and minimize the cost of, the arbitration proceedings.

                  (b) To protect Inventions, trade secrets, or other
confidential information, the Company may seek temporary, preliminary, or
permanent injunctive relief in a court of competent jurisdiction, in each case,
without waiving its right to arbitration.

                  (c) At the request of either party, the arbitrator may take
any interim measures s/he deems necessary with respect to the subject matter of
the dispute, including measures for the preservation of confidentiality set
forth in this Agreement.

                  (d) Judgment upon the award rendered by the arbitrator may be
entered in any court having jurisdiction.

         11.      OTHER PROVISIONS.

                  (a) The Executive represents and warrants that s/he has no
obligations, contractual or otherwise, inconsistent with the Executive's
obligations set forth in this Agreement.

                  (b) All notices and statements with respect to this Agreement
must be in writing and shall be delivered by one of the methods set forth in the
table below. Notices to the Company shall be addressed to the Company's general
counsel at the Company's then-current principal operating office. Notices to the
Executive may be delivered to the Executive in person or to the Executive's
then-current home address as indicated in the Company's records.

                                            WHEN NOTICE IS EFFECTIVE
             DELIVERY METHOD
             Personal delivery              When the party to whom
                                            notice is given provides the party
                                            giving notice with a signed written
                                            acknowledgement of receipt

             Certified mail, return         Upon the date of receipt or of
             receipt requested              refusal as indicated by the U.S.
                                            Postal Service "green card."

             FAX                            Upon receipt as confirmed by a
                                            machine-printed report of
                                            successful transmission

                  (c) This Agreement sets forth the entire agreement of the
parties concerning the subjects covered herein; there are no promises,
understandings, representations, or warranties of any kind concerning those
subjects except as expressly set forth in this Agreement.

                  (d) Any modification of this Agreement must be in writing and
signed by all parties; any attempt to modify this Agreement, orally or in
writing, not executed by all parties will be void.

                                       7

<PAGE>   8

                  (e) If any provision of this Agreement, or its application to
anyone or under any circumstances, is adjudicated to be invalid or unenforceable
in any jurisdiction, such invalidity or unenforceability will not affect any
other provision or application of this Agreement which can be given effect
without the invalid or unenforceable provision or application and will not
invalidate or render unenforceable such provision or application in any other
jurisdiction.
                  (f) This Agreement will be governed and interpreted under the
laws of the United States of America and of the State of Texas law as applied to
contracts made and carried out in entirely Texas by residents of that State.

                  (g) No failure on the part of any party to enforce any
provisions of this Agreement will act as a waiver of the right to enforce that
provision.

                  (h) Termination of the Employment, with or without cause, will
not affect the continued enforceability of this Agreement.

                  (i) Section headings are for convenience only and shall not
define or limit the provisions of this Agreement.

                  (j) This Agreement may be executed in several counterparts,
each of which is an original. It shall not be necessary in making proof of this
Agreement or any counterpart hereof to produce or account for any of the other
counterparts. A copy of this Agreement signed by one party and FAXed to another
party shall be deemed to have been executed and delivered by the signing party
as though an original. A photocopy of this Agreement shall be effective as an
original for all purposes.

THIS AGREEMENT CONTAINS PROVISIONS REQUIRING BINDING ARBITRATION OF DISPUTES,
WHICH HAVE THE EFFECT OF WAIVING EACH PARTY'S RIGHT TO A JURY TRIAL. By signing
this Agreement, the Executive acknowledges that he or she (i) has read and
understood the entire Agreement; (ii) has received a copy of it (iii) has had
the opportunity to ask questions and consult counsel or other advisors about its
terms; and (iv) agrees to be bound by it.

Executed to be effective as of the Effective Date October 2, 2000.

BINDVIEW CORPORATION, by:                 EMPLOYEE

/s/ Richard P. Gardner                    /s/ Kevin M. Weiss
------------------------------------      -----------------------------------
Richard P. Gardner, President             Kevin M. Weiss
and Chief Executive Officer

                                       8

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