Document:

FOR PURCHASE OF STOCK OF

                                  HOME REALTY AND INVESTMENT CORP., INC.

                                              BY AND BETWEEN

                                       PAUL S. RUBEO AND PETER LEON

                                                  SELLER

                                                   AND

                                             E-PAWN.COM, INC.

                                                  BUYER

                                       DATED: AS OF APRIL 17, 2000

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                                            TABLE OF CONTENTS

                                                                            Page

ARTICLE I: DEFINITIONS AND RULES OF CONSTRUCTION...............................1
ARTICLE II: SALE AND PURCHASE..................................................5
ARTICLE III: REPRESENTATIONS AND WARRANTIES....................................7
ARTICLE IV: COVENANTS.........................................................16
ARTICLE V : TAXES.............................................................20
ARTICLE VI: INDEMNITY.........................................................20
ARTICLE VII: CONDITIONS PRECEDENT.............................................22
ARTICLE VIII: MISCELLANEOUS...................................................24

EXHIBITS:

EXHIBIT A:        EMPLOYMENT AGREEMENTS FOR SELLER
                  EX. A-1 PETER LEON; EX. A-2 PAUL S. RUBEO

EXHIBIT B:        SCHEDULE OF DISCHARGED LIABILITIES
EXHIBIT C:        SCHEDULE OF TARGET ACCOUNTS
EXHIBIT D:        DISCLOSURE SCHEDULE
EXHIBIT E:        OPINION OF COUNSEL FOR SELLER ADDRESSED TO BUYER
EXHIBIT F:        OPINION OF COUNSEL FOR BUYER ADDRESSED TO SELLER
EXHIBIT G:        FINANCIAL STATEMENTS

<PAGE>

                           PURCHASE AND SALE AGREEMENT

entered  into by and  between  Paul S. Rubeo and Peter Leon of Fort  Lauderdale,
Florida  (jointly  referred to as  "Seller"),  and  E-Pawn.com,  Inc.,  a Nevada
corporation,  having an office at 2855 University Dr., Suite 200, Coral Springs,
Florida 33065 ("Buyer").

         This  Agreement  contemplates  a  transaction  in which the Buyer  will
purchase  from the  Seller,  and the Seller  will sell to the Buyer,  80% of the
outstanding  capital stock ("Target  Shares") of Home Realty & Investment Corp.,
Inc.  ("Target"),  in return for the consideration  set forth herein,  including
$115,000.00  in cash and 250,000  shares or more of Buyer's  common  stock,  par
value $.001 per share ("Buyer Common Stock") at Closing and $50,000.00  cash and
250,000  shares of Buyer  Common Stock on the first  anniversary  of the Closing
date.

         NOW,  THEREFORE,  in  consideration  of the  premises  and  the  mutual
promises herein made, and in consideration of the  representations,  warranties,
and covenants herein contained, the Parties agree as follows:

                                    ARTICLE I
                      DEFINITIONS AND RULES OF CONSTRUCTION

         1.1  DEFINITIONS.  For purposes of this Agreement,  except as otherwise
expressly provided or unless the context otherwise  requires,  the terms defined
in this section have the meanings  herein  assigned to them and the  capitalized
terms defined  elsewhere in this Agreement,  by inclusion in quotation marks and
parentheses, shall have the meanings so ascribed to them.

                  1.1.1   "ACCOUNTS"   means  the  accounts  payable  of  Target
         identified  on  Exhibit  C of  this  Agreement,  which  are  all of the
         accounts  payable  of  Target  owed to  Persons  related  to the use or
         operation  of the Target that are,  or as of the Closing  Date will be,
         past due.

                  1.1.2 "AFFILIATE" means, with respect to any specified Person,
         a Person  directly or indirectly  controlling or controlled by or under
         direct or indirect common control with such specified  Person.  For the
         purposes of this  definition,  "control"  means the power to direct the
         management and policies of such Person, directly or indirectly, whether
         through the ownership of voting  securities,  by contract or otherwise,
         and the terms "controlling" and "controlled" have meanings  correlative
         to the foregoing.  With respect to a corporation,  control shall mean a
         direct or  indirect  ownership  of more than 50  percent  of the voting
         stock.

                                       -1-

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                  1.1.3  "AGREED  RATE" means a rate per annum  calculated  on a
         360-day basis which is equal to the lesser of:

                           (a) a rate which is two percent  above the prime rate
                  of interest as published by THE WALL STREET  JOURNAL under the
                  heading "Money Rates" or another  similar heading in its first
                  issue of each calendar  month  (adjusted each month to reflect
                  any changes in the rate), or

                           (b)   the maximum rate from time to time permitted by
                  applicable law.

                  1.1.4   "AGREEMENT"  means  this  Purchase and Sale Agreement,
         including the Exhibits.

                  1.1.5 "BUSINESS DAY" means any day when  commercial  banks are
         generally  open for regular  business  in the City of Fort  Lauderdale,
         Florida.

                  1.1.6  "CLOSING"   means  the  closing  of  the   transactions
         contemplated by   this Agreement at 10:00 a.m., local time, at Seller's
         offices in Fort Lauderdale, Florida, on the Closing Date.

                  1.1.7  "CLOSING  DATE"  means on or  before  April  17,  2000;
         provided,  however, that the Parties by mutual agreement may extend the
         Closing Date until a Business Day on or before August 31, 2000.

                  1.1.8 "CODE" means the United States Internal  Revenue Code of
         1986, as amended.

                  1.1.9 "CORPORATE DOCUMENTS" means a corporation's  articles of
         incorporation  (or charter or certificate of  incorporation),  by-laws,
         minutes, resolutions, or the equivalent documents.

                  1.1.10  "DISCHARGED  LIABILITIES"  means all  liabilities  and
         obligations of the Target owed to the Seller, and all other liabilities
         and  obligations  of the  Target  set  forth in  Exhibit  B;  provided,
         however,  that  the  Discharged   Liabilities  shall  not  include  any
         liability or obligation of the Seller or Target under this Agreement.

                  1.1.11  "DISCLOSURE  SCHEDULE"  means  Exhibit  D on  which is
         scheduled any exceptions to the  representations  and warranties of the
         Seller and the Target and all items required by Sections 3.1.6,  3.1.8,
         3.3.2, 3.3.8, 3.3.9, 3.3.10, and 3.3.13.

                  1.1.12  "EFFECTIVE DATE"  shall  mean  12:01  a.m., April  17,
         2000, Eastern Time.

                                       -2-

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                   1.1.13  "EMPLOYEE BENEFIT  PLAN"  means any (a)  nonqualified
         deferred  compensation  or retirement  plan or arrangement  which is an
         Employee Pension Benefit Plan,  (b)   qualified contribution retirement
         plan or arrangement which is an  Employee  Pension  Benefit  Plan,  (c)
         qualified  defined benefit retirement  plan or arrangement  which is an
         Employee  Pension Benefit  Plan  (including  any  Multiemployer  Plan),
         or (d) Employee Welfare Benefit Plan or material fringe benefit plan or
         program.

                  1.1.14  "ENVIRONMENTAL  CLAIMS"  means  actions,   claims,  or
         proceedings by Third Persons  associated with Target's assets and based
         on Environmental Conditions or Environmental Law.

                  1.1.15 "ENVIRONMENTAL CONDITION" means a condition that exists
         prior to the Effective Date, and only to the extent in existence on the
         Effective  Date,  with  respect  to  the  air,  land,  soil,   surface,
         subsurface  strata,  surface water,  ground water,  or sediments  which
         causes Target to be not in compliance with an Environmental Law.

                  1.1.16   "ENVIRONMENTAL   LAW"  means  any  Law   relating  to
         pollution,  the  protection  of  the  environment,  or the  release  or
         disposal of waste materials.

                  1.1.17   "ENVIRONMENTAL    MATTER"   means   an  Environmental
         Condition or an  Environmental Claim.

                  1.1.18 "ERISA" means the Employee  Retirement  Income Security
         Act of 1974, as amended.

                  1.1.19   "GAAP"  means  United   States   generally   accepted
         accounting principles as in effect from time to time.

                  1.1.20 "GOVERNMENTAL BODY" means any federal, state, republic,
         territorial,  national,  tribal, county,  municipal,  or other federal,
         state or local governmental authority or judicial or regulatory agency,
         board, body, department,  bureau, inspectorate,  ministry,  commission,
         instrumentality, court, tribunal or quasi-governmental authority in any
         jurisdiction  (domestic or foreign) having  jurisdiction over any Party
         to this transaction, or any of the transactions or matters contemplated
         by this Agreement.

                  1.1.21  "KNOWLEDGE"  means the actual  knowledge  of a Party's
         corporate officers and their direct reports, after reasonable inquiry.

                  1.1.22  "LIABILITY"  means  any  liability  (whether  known or
         unknown,   whether   asserted  or  unasserted,   whether   absolute  or
         contingent,  whether  accrued or  unaccrued,  whether  liquidated or un
         liquidated,  and whether due or to become due), including any liability
         for Taxes.

                                      -3-

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                  1.1.23   "LOSSES"  means  any and all losses, costs, expenses,
         liabilities,   claims,   demands,    penalties,    fines,  assessments,
         settlements,   damages  and  any  related  expenses of whatever kind or
         nature, including, without limitation,  legal,  accounting,  consulting
         and  investigation  expenses  and  litigation  costs,   but   excluding
         consequential damages of a Party.

                  1.1.24   "PARTY" means either Buyer or Seller.

                  1.1.25   "PERSON"   means   any    individual,    corporation,
         partnership,  limited liability  company,  joint venture,  association,
         joint stock company, trust, estate, unincorporated organization,  other
         business entity or Governmental Body.

                  1.1.26  "TAX"  means  any and  all  fees  (including,  without
         limitation,  documentation, license, recording, filing and registration
         fees), taxes (including without limitation, gross receipts, ad valorem,
         value  added,   environmental  tax,  turnover,   sales,  use,  property
         (tangible and intangible),  stamp,  leasing,  lease, user, leasing use,
         excise,  franchise,   transfer,  fuel,  excess  profits,  occupational,
         interest  equalization,  and other  taxes),  levies,  imposts,  duties,
         charges  or  withholdings  of any  nature  whatsoever,  imposed  by any
         Governmental  Body or taxing  authority  thereof,  domestic or foreign,
         together  with  any  and all  penalties,  fines,  additions  to Tax and
         interest  thereon,  whether  or not  such  Tax  shall  be  existing  or
         hereafter adopted.

                  1.1.27 "THIRD  PERSON" means a Person other than a Party or an
         Affiliate of a Party.

                  1.1.28 OTHER  DEFINITIONS  IN THIS  AGREEMENT.  The  following
         terms shall have the respective  meanings  ascribed to them as found on
         the pages of this Agreement set forth below opposite such terms:

       TERM

                                                                       PAGE

       AAA Rules..............................................................28
       Buyer...................................................................1
       Claim Notice...........................................................20
       Disputed Claim.........................................................22

                                       4
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       Indemnified Party......................................................20
       Laws....................................................................8
       Notice Period..........................................................21
       Purchase Consideration..................................................6
       Seller..................................................................1
       Target..................................................................1
       Target Shares...........................................................1

         1.2      RULES OF CONSTRUCTION.  For purposes of this Agreement:

                  1.2.1  GENERAL.  Unless the context otherwise requires

                           (a) "or" is not exclusive;

                           (b)  an accounting term not otherwise defined has the
                  meaning assigned to it in accordance with GAAP;

                           (c)   words  in  the  singular include the plural and
                  words in the plural include the singular;

                           (d)   words in the masculine include the feminine and
                  words in the feminine include the masculine;

                           (e) any date  specified  for any action that is not a
                  Business  Day shall be deemed to mean the first  Business  Day
                  after such date; and

                           (f)   a reference to a Person includes its successors
                  and assigns.

                  1.2.2 ARTICLES  AND  SECTIONS.   References  to  Articles  and
         Sections are, unless otherwise  specified,  to Articles and Sections of
         this Agreement. Neither the captions to Articles or Sections hereof nor
         the Table of Contents shall be deemed to be a part of this Agreement.

                  1.2.3 EXHIBITS. The Exhibits form a part of this Agreement and
         shall  have the same force and effect as if set out in the body of this
         Agreement.

                  1.2.4 OTHER AGREEMENTS.  References herein to any agreement or
         other instrument shall,  unless the context otherwise  requires (or the
         definition thereof otherwise  specifies),  be deemed references to that
         agreement or instrument as it may from time to time be changed, amended
         or extended.

                                       5

<PAGE>

                                   ARTICLE II
                                SALE AND PURCHASE

         2.1 BASIC  TRANSACTION.  On and subject to the terms and  conditions of
this  Agreement,  the Buyer agrees to purchase  from the Seller,  and the Seller
agrees to sell to the Buyer, the Target Shares for the  consideration  specified
in this Article II. The Target  Shares  constitute  ____ shares of common stock,
par value ___ per share, of Target.

         2.2  PURCHASE  CONSIDERATION.  The  Buyer  agrees  (i) to pay to Seller
$115,000 in cash in immediately  available  funds at Closing and $50,000 cash in
immediately  available  funds on the first  anniversary of the Closing Date, and
(ii) to issue and deliver at Closing  250,000  shares of Buyer  Common Stock and
all dividends  and other rights which attach to or flow from the 250,000  shares
of Buyer's  Common Stock as of and  following  the  Effective  Date,  including,
without  limitation,  the right to receive the stock  dividend of shares in Ubuy
Network.com  to be paid to all holders of Buyer  Common Stock of record on April
17,  2000,  and (iii) to issue and deliver to Seller  250,000  shares of Buyer's
Common  Stock on the  first  anniversary  of the  Closing  Date  (the  "Purchase
Consideration").

         2.3  DELIVERIES  AT THE CLOSING.  At the  Closing,  (i) the Seller will
deliver  to the Buyer  the  various  certificates,  instruments,  and  documents
referred to in Section 2.3.1,  below,  (ii) the Buyer will deliver to the Seller
the various  certificates,  instruments,  and  documents  referred to in Section
2.3.2,  below,  (iii) the Seller will  deliver to the Buyer  stock  certificates
representing  the  Target  Shares,  endorsed  in  blank or  accompanied  by duly
executed assignment documents, and (iv) the Buyer will deliver to the Seller the
Purchase Consideration required for Closing specified in Section 2.2, above.

                  2.3.1   SELLER RESPONSIBILITY.

                 (a)  the Seller shall have delivered to the Buyer a certificate
          to the effect that each of the conditions  specified in this Agreement
          to be satisfied by Seller has been satisfied in all respects including
          a release of all Discharged  Liabilities  including but not limited to
          those listed on Exhibit B;

                 (b) the Buyer shall have received from counsel to the Seller an
          opinion  in form and  substance  as set forth in  Exhibit  E  attached
          hereto, addressed to the Buyer, and dated as of the Closing Date;

                 (c)  the Buyer shall have received the resignations,  effective
          as of the  Closing,  of each  director and officer of the Target other
          than those whom the Buyer shall have specified in writing at least one
          business day prior to the Closing; and

                                       -6-

<PAGE>

                  (d)    all  actions  to  be  taken by the Seller in connection
          with  consummation  of the  transactions  contemplated  hereby and all
          certificates,  opinions,  instruments, and other documents required to
          effect  the  transactions   contemplated  hereby  will  be  reasonably
          satisfactory in form and substance to the Buyer.

                  2.3.2     BUYER'S RESPONSIBILITY.

                  (a) the Buyer shall have delivered to the Seller a certificate
         to the effect that each of the conditions  specified in  this Agreement
         to be satisfied by Buyer has been satisfied in all respects;

                  (b)the Seller shall have received from counsel to the Buyer an
         opinion  in form and  substance  as set  forth in  Exhibit  F  attached
         hereto, addressed to the Seller, and dated as of the Closing Date; and

                  (c) all actions to be taken by the Buyer in connection
         with  consummation  of the  transactions  contemplated  hereby  and all
         certificates,  opinions,  instruments,  and other documents required to
         effect  the  transactions   contemplated   hereby  will  be  reasonably
         satisfactory in form and substance to the Seller.

                                   ARTICLE III
                         REPRESENTATIONS AND WARRANTIES

                  3.1  SELLER.  Seller represents and warrants to Buyer that:

                  3.1.1 AUTHORITY. Seller has the power and  authority  to enter
         into and perform this  Agreement  and to  consummate  the  transactions
         contemplated hereby. The execution,  delivery and performance by Seller
         of this Agreement and the consummation of the transactions contemplated
         hereby  have  been duly  authorized  and this  Agreement  has been duly
         executed and delivered by Seller.

                  3.1.2. VALIDITY OF AGREEMENT. This Agreement is a legal, valid
         and  binding  obligation  of  Seller  enforceable   against  Seller  in
         accordance with the terms of this Agreement,  except as enforcement may
         be limited by  bankruptcy,  insolvency or other similar Laws  affecting
         the enforcement of creditors' rights in general.  The enforceability of
         this Agreement against Seller is further subject to general  principles
         of equity (regardless of whether such enforceability is considered in a
         proceeding in equity or at law).

                                       -7-

<PAGE>

                  3.1.3 NO VIOLATION.  To the  best of  Seller's  knowledge  and
         belief,   the  execution  and  delivery  of  this   Agreement  and  the
         performance  by the  Seller  of the  terms  of  this  Agreement  do not
         conflict  with or result in a violation of any  agreement,  instrument,
         order,  writ,  judgment  or  decree  to which  Seller  is a party or is
         subject.

                   3.1.4 LEGAL PROCEEDINGS.  As of the  date of this  Agreement,
          there are no  pending  suits,  actions,  arbitrations,  mediations  or
          proceedings  as to which  Seller has been  served  process or received
          notice  before any court or  Governmental  Body which would  adversely
          affect  the  Target,   or  hinder,   impede  or  prevent  Seller  from
          consummating  the  transactions  contemplated  by this  Agreement.  To
          Seller's Knowledge, there are no pending suits, actions, arbitrations,
          mediations  or  proceedings  as to which  Seller  has not been  served
          process or received notice, or that are threatened before any court or
          Governmental  Body which would adversely affect the Target, or hinder,
          impede   or   prevent   Seller   from  consummating  the  transactions
          contemplated by this Agreement.

                   3.1.5    COMPLIANCE  WITH  APPLICABLE  LAWS.  To the  best of
          Seller's  knowledge and belief,  Target is in all material respects in
          compliance  with any  applicable  laws,  orders,  rules,  regulations,
          judgments  or  decrees  of any  Governmental  Bodies  relating  to the
          business of Target and its assets,  including the common or civil law,
          and  including,  but not limited to,  those  relating to  occupational
          safety  and  health,   consumer  product  safety,  employee  benefits,
          environmental  laws,  zoning laws or regulations  or other  applicable
          laws or regulations  ("Laws"),  except insofar as non-compliance  with
          Laws would not diminish  Buyer's  ownership of the Target or interfere
          with Buyer's operation of the Target.

                   3.1.6 TARGET  SHARES. The  Seller  holds  of  record  and has
          authority  to transfer  the number of Target  Shares set forth next to
          his  name  on  the  Disclosure   Schedule,   free  and  clear  of  any
          restrictions  on  transfer  (other  than any  restrictions  under  the
          Securities Act and state securities laws), Taxes,  Security Interests,
          options, warrants, purchase rights, contracts, commitments,  equities,
          claims, and demands. The Seller is not a party to any option, warrant,
          purchase right, or other contract or commitment that could require the
          Seller to sell, transfer, or otherwise dispose of any capital stock of
          the Target (other than this  Agreement).  The Seller is not a party to
          any voting trust,  proxy,  or other  agreement or  understanding  with
          respect to the voting Target Shares.

                   3.1.7  NO CONSENTS REQUIRED. No preferential purchase rights,
          consents,  approvals  or other action by, or filing with any Person or
          Governmental  Body is  required  in  connection  with  the  execution,
          delivery  and  performance  by Seller of this  Agreement,  except  for
          ministerial  acts of  Governmental  Bodies in  connection  with filing
          instruments  of transfer of title and except for Consents that will be
          delivered to Buyer by Seller at Closing.

                                       8
<PAGE>

                   3.1.8 PAYMENTS. To the best of Seller's knowledge and belief,
          except  only for  Taxes  and those  matters  listed on the  Disclosure
          Schedule, no payments of any kind are required to be made by Seller to
          Third  Persons  or an  Affiliate  of  Seller  under  any  contract  or
          otherwise with respect to the Target.

                   3.1.9   DISCLOSURE. To Seller's Knowledge, there are no facts
          or circumstances affecting or relating to the Target that might result
          in Losses to Seller or Buyer for any  Environmental  Matter or for any
          violation of ERISA or under any Employee Benefit Plan.

                   3.1.10 ADVERSE CLAIMS.   To Seller's Knowledge, no Person has
          asserted  or  has  threatened  to  assert  any claim, fact, liability,
          interest, condition, or event   that, if true and valid, would violate
          any representation or warranty of Seller.

                   3.2     BUYER.  Buyer represents and warrants to Seller that:

                   3.2.1   ORGANIZATION   AND  STANDING.  Buyer is a corporation
         duly organized, validly existing and in good standing under the laws of
         the State of Nevada,  its jurisdiction of incorporation.  Buyer has all
         corporate  powers to own its  properties and to operate its business as
         now owned and operated by it.

                   3.2.2  AUTHORITY. Buyer has the corporate power and authority
         to enter into and  perform  this  Agreement  and  to   consummate   the
         transactions   contemplated   hereby.   The  execution,   delivery  and
         performance  by Buyer of this  Agreement  and the  consummation  of the
         transactions  contemplated  hereby  have  been duly  authorized  by all
         requisite  corporate  action and this  Agreement has been duly executed
         and delivered by Buyer.

                  3.2.3..VALIDITY OF AGREEMENT. This Agreement is a legal, valid
         and binding obligation of Buyer enforceable against Buyer in accordance
         with the terms of this Agreement,  except as enforcement may be limited
         by   bankruptcy,   insolvency  or  other  similar  Laws  affecting  the
         enforcement of creditors' rights in general. The enforceability of this
         Agreement  against  Buyer is further  subject to general  principles of
         equity  (regardless  of  whether  enforceability  is  considered  in  a
         proceeding in equity or at law).

                  3.2.4  NO   VIOLATION.   The execution  and  delivery of  this
         Agreement and the  performance  by Buyer of the terms of this Agreement
         do not  conflict  with  or  result  in a  violation  of  the  Corporate
         Documents  of  Buyer  or of any  agreement,  instrument,  order,  writ,
         judgment or decree to which Buyer is a party or is subject.

                                       9
<PAGE>

                  3.2.5  ADVERSE CLAIMS.  To Buyer's  Knowledge,  no Person  has
         asserted  or has  threatened  to assert  any  claim,  fact,  liability,
         interest,  condition,  or event that, if true and valid,  would violate
         any representation or warranty of Buyer.

                  3.2.6 NO CONSENT  REQUIRED.  No preferential  purchase rights,
         consents,  approvals  or other  action by, or filing with any Person or
         Governmental  Body  is  required  in  connection  with  the  execution,
         delivery  and  performance  by  Buyer  of this  Agreement,  except  for
         ministerial  acts of  Governmental  Bodies in  connection  with  filing
         instruments  of transfer of title and except for Consents  that will be
         delivered to Seller by Buyer at Closing.

                  3.2.7  LEGAL  PROCEEDINGS.  As of the date of this  Agreement,
         there  are no  pending  suits,  actions,  arbitrations,  mediations  or
         proceedings  as to which  Buyer has been  served  process  or  received
         notice before any court or Governmental Body which would hinder, impede
         or prevent Buyer from consummating the   transactions  contemplated  by
         this  Agreement.  To Buyer's  Knowledge,  there are no  pending  suits,
         actions,  arbitrations,  mediations  or  proceedings  as to which Buyer
         has not been served  process or received notice, or that are threatened
         before any court or Governmental  Body which  would  hinder,  impede or
         prevent  Buyer from  consummating the transactions contemplated by this
         Agreement.

                  3.2.8 BUYER  COMMON  STOCK.  All shares of Buyer  Common Stock
         issuable to Seller  pursuant to this  Agreement  upon  issuance will be
         duly authorized,  validly issued, fully paid and nonassessable.  Seller
         shall  receive  valid title to all such  shares,  free and clear of all
         liens, encumbrances,  and security agreements.  Such shares will not be
         subject to any options, warrants, rights,  encumbrances or the like and
         will not be subject to or in violation of any preemptive rights, rights
         of first refusal or the like.

                  3.2.9 INVESTMENT. Buyer is an "accredited investor" within the
         meaning of Regulation D promulgated  under the  Securities  Act.  Buyer
         acknowledges  that the Target Shares are  restricted  securities  under
         applicable  law.  Buyer is  acquiring  the  Target  Shares  for its own
         account and not with a view to distribution.  Buyer agrees not to sell,
         transfer,  assign,  hypothecate,  pledge or otherwise dispose of any of
         the Target Shares unless (a) such transaction has been registered under
         the Securities  Act and applicable  state or other law, or (b) pursuant
         to an exemption  therefrom.  Buyer has been afforded full access to all
         books,  records,  financial  statements and other documents  related to
         Target  and  the  opportunity  to  ask  questions  and  to  obtain  any
         additional information relative to Target.

                                      -10-

<PAGE>

                  3.2.10 REPORTS AND FINANCIAL STATEMENTS.  Since April 18 2000,
         Buyer has filed all  required  forms,  reports and  documents  with the
         Securities and Exchange  Commission (the "SEC") required to be filed by
         it pursuant to the Securities Act and Securities  Exchange Act of 1934,
         as amended (the "Exchange  Act"),  all of which complied at the time of
         filing in all material  respects with all then applicable  requirements
         of the Securities Act and the Exchange Act. None of such forms, reports
         or documents,  at the time filed,  contained any untrue  statement of a
         material fact or omitted to state a material fact required to be stated
         therein or necessary in order to make the statements  therein, in light
         of the circumstances under which they were made, not misleading.

         The  consolidated  financial  statements  (including  the related notes
         thereto)  of Buyer  contained  in such forms,  reports   and  documents
         present fairly the financial  position of Buyer as of  their respective
         dates,  and the results of its operations and changes  in its financial
         position for the periods  presented  therein,  all in  conformity  with
         GAAP applied on a consistent basis, except as otherwise  noted therein,
         and subject in the case of quarterly  financial  statements   to normal
         year- end audit  adjustments  and  except that the quarterly  financial
         statements do not contain all of  the footnote  disclosures required by
         GAAP.

                  3.2.11 CAPITALIZATION.  As of the date of this Agreement,  the
         total authorized  capital stock of Buyer consists of 500,000,000 shares
         of Buyer  Common  Stock (of which  148,433,820  shares  are  issued and
         outstanding)  and  10,000,000  shares of  preferred  stock (of which no
         shares are issued and outstanding) , and 100,000,000  shares of Class A
         Preferred   Stock  (of  which   100,000,000   shares   are  issued  and
         outstanding).

                  3.2.12  FINANCIAL  STATEMENTS.  Exhibit  "H"  attached to this
         Agreement  and made a part  hereof by  reference  is  comprised  of the
         audited balance sheets of the Corporation for the fiscal years ended as
         of May 31,  1999 and 1998 and the  related  statements  of  income  and
         retained  earnings for the years ending on those dates.  The  financial
         states in Exhibit "H" have been prepared by the Corporation's certified
         public  accountants in accordance  with GAAP, and they are complete and
         correct and fairly  present the financial  position of the  Corporation
         for the respective periods indicated.

                  3.2.13 PERMITS AND LICENSES. Buyer presently has all licenses,
         permits  and  other  authorizations  from  federal,  state,  and  local
         authorities  necessary  for  the  conduct  of  the  business  presently
         conducted  by  Buyer,  and  Buyer has not  received  any  notice to the
         contrary.  Buyer is in compliance with all applicable  federal,  states
         and local laws,  rules and  regulations  relating to the conduct of its
         business and  operations  and assets and has not received any notice to
         the contrary.

                                      -11-

<PAGE>

                  3.2.14 LEGAL  COMPLIANCE.  The conduct of the Buyer's business
         does not violate or infringe any federal,  state,  local or other laws,
         statutes,  ordinances,  or regulations,  the enforcement of which could
         materially and adversely  affect the business or operations of Buyer or
         the value of its properties and assets.

         3.3  REPRESENTATIONS  AND WARRANTIES  CONCERNING THE TARGET. The Seller
represents  and  warrants  to the Buyer that the  statements  contained  in this
Section 3.3 are correct and complete in all material  respects as of the date of
this  Agreement and will be correct and complete in all material  respects as of
the  Closing  Date (as  though  made then and as though  the  Closing  Date were
substituted for the date of this Agreement throughout this Section 3.3).

                  3.3.1  ORGANIZATION, QUALIFICATION,  AND CORPORATE POWER.  The
         Target is a corporation duly organized,  validly  existing, and in good
         standing  under  the laws of the  jurisdiction  of  its  incorporation.
         Target is duly authorized to conduct  business and  is in good standing
         under  the  laws of  each  jurisdiction  where  such  qualification  is
         required,  except  where  the  failure to so qualify  would not cause a
         material adverse effect  on the Seller. Target has full corporate power
         and authority and all licenses,   permits, and authorizations necessary
         to carry on the  businesses  in  which it is  engaged  (and in which it
         presently  proposes to engage) and  to own and use the properties owned
         and used by it. The  Seller  has  delivered  to the Buyer  correct  and
         complete in all material  respects  copies of the charter and bylaws of
         Target (as amended to date). The minute  books  (containing the records
         of  meetings  of the  stockholders,  the  board of  directors,  and any
         committees of the board of directors),  the  stock  certificate  books,
         and the stock  record  books of Target are  correct and complete in all
         material  respects.  Target is not in default  under or in violation of
         any provision of its charter or bylaws.

                  3.3.2   CAPITALIZATION.  As of the date of this  Agreement the
         total  authorized  capital stock of Target consists of ______ shares of
         common stock and no shares of preferred  stock, of which  _______shares
         of common  stock are  issued  and  outstanding.  All of the  issued and
         outstanding  Target  Shares  have been  duly  authorized,  are  validly
         issued,  fully paid, and non-assessable,  and are held of record by the
         Seller.  There  are  no  outstanding  or  authorized  preferred  stock,
         options,  warrants,  purchase rights,  subscription rights,  conversion
         rights,  exchange rights,  or other contracts or commitments that could
         require  the  Target  to  issue,  sell,  or  otherwise  cause to become
         outstanding  any of its  capital  stock.  There are no  outstanding  or
         authorized stock appreciation,  phantom stock, profit participation, or
         similar rights with respect to the Target.  There are no voting trusts,
         proxies,  or other  agreements  or  understandings  with respect to the
         voting of the capital stock of the Target.

                  3.3.3 NONCONTRAVENTION. Neither the execution and the delivery

                                      -12-

<PAGE>

         of  this  Agreement,   nor  the   consummation   of  the   transactions
         contemplated  hereby,  will  (i)  violate  any  constitution,  statute,
         regulation, rule, injunction,  judgment, order, decree, ruling, charge,
         or other restriction of any government,  governmental  agency, or court
         to which Target is subject or any provision of the charter or bylaws of
         Target or (ii)  conflict  with,  result in a breach  of,  constitute  a
         default under,  result in the  acceleration of, create in any party the
         right to  accelerate,  terminate,  modify,  or cancel,  or require  any
         notice under any agreement,  contract,  lease, license,  instrument, or
         other arrangement to which Target is a party or by which it is bound or
         to which any of its assets is subject (or result in the  imposition  of
         any Security Interest upon any of its assets).  Target does not need to
         give any notice to, make any filing with, or obtain any  authorization,
         consent,  or approval of any government or governmental agency in order
         for the Parties to consummate  the  transactions  contemplated  by this
         Agreement.

                  3.3.4   FINANCIAL STATEMENTS. Attached hereto as Exhibit G are
         the  following  financial   statements  of  Target   (collectively  the
         "Financial Statements"): (i) unaudited balance sheets and statements of
         income as of and for the twelve  months  ended  December  31,  1997 and
         1998; and (ii)  unaudited  balance sheets and statements of income (the
         "Most Recent  Financial  Statements")  as of and for the twelve  months
         ended  December  31, 1999 (the "Most  Recent  Fiscal Year End") for the
         Target.  Also attached as part of Exhibit G are the Federal  Income Tax
         Returns  for 1998 and 1999 for the  Target.  The  Financial  Statements
         (including  the notes  thereto) have been  prepared in accordance  with
         GAAP  applied on a  consistent  basis  throughout  the periods  covered
         thereby, present fairly the financial  condition  of Target  as of such
         dates and the results of  operations  of Target for such  periods,  are
         correct  and    complete in all material  respects,  and are consistent
         with  the books  and records  of  Target (which  books and records  are
         correct and complete in all material respects).

                  3.3.5  UNDISCLOSED LIABILITIES.   To  the  best  of   Seller's
         knowledge  and belief,  Target has no Liability  (and there is no basis
         for  any  present  or  future  action,   suit,   proceeding,   hearing,
         investigation,  charge,  complaint,  claim, or demand against it giving
         rise to any  Liability),  except for (i)  Liabilities  set forth on the
         face of the Most Recent Financial  Statements (rather than in any notes
         thereto) and (ii)  Liabilities  which have arisen after the Most Recent
         Fiscal  Year End in the  Ordinary  Course  of  Business  (none of which
         results  from,  arises out of,  relates to, is in the nature of, or was
         caused  by  any  breach  of  contract,   breach  of   warranty,   tort,
         infringement, or violation of law), and any Liabilities not required by
         GAAP  to be  set  forth  on  the  face  of the  Most  Recent  Financial
         Statements.

                  3.3.6  LEGAL COMPLIANCE. To the best of Seller's knowledge and
         belief,   Target  has  complied  in  all  material  respects  with  all
         applicable   laws  (including   rules,   regulations,   codes,   plans,
         injunctions,   judgments,   orders,   decrees,   rulings,  and  charges

                                      -13-

<PAGE>

         thereunder) of federal,  state, local, and foreign governments (and all
         agencies  thereof),   and  no  action,   suit,   proceeding,   hearing,
         investigation,  charge,  complaint,  claim,  demand, or notice has been
         filed or commenced against Target alleging any failure so to comply.

                  (A) TAX MATTERS.

                  (i) Target has filed all Tax Returns  that it was  required to
         file  except for any Tax  Returns  which the  failure to file would not
         cause a material  adverse  effect on Target.  All such Tax Returns were
         correct and complete in all material respects. All Taxes owed by Target
         (whether  or not  shown  on any Tax  Return)  have  been  paid.  Target
         currently is not the  beneficiary of any extension of time within which
         to file any Tax Return.  No claim has ever been made by an authority in
         a jurisdiction where Target does not file Tax Returns that it is or may
         be subject to  taxation  by that  jurisdiction.  There are no  Security
         Interests on any of the assets of Target that arose in connection  with
         any failure (or alleged failure) to pay any Tax.

                  (ii) Target has withheld  and paid all Taxes  required to have
         been withheld and paid in connection  with amounts paid or owing to any
         employee, independent contractor, creditor, stockholder, or other third
         party.

                  (B) TITLE TO ASSETS.  Target has good and marketable title to,
         or a valid  leasehold  interest in, the  properties  and assets used by
         Target,  located on its premises, or shown on the Most Recent Financial
         Statements or acquired  after the date  thereof,  free and clear of all
         Security Interests, except for properties and

         assets disposed of in the Ordinary Course of Business since the date of
         the Most Recent Financial Statements.

                  3.3.7    INTELLECTUAL PROPERTY.

                  (a) To Seller's  Knowledge,  Target has not  interfered  with,
         infringed upon,  misappropriated,  or otherwise come into conflict with
         any  Intellectual  Property  rights of third  parties,  and none of the
         Seller  and  the   directors   and   officers   (and   employees   with
         responsibility  for Intellectual  Property  matters) of Target has ever
         received any charge,  complaint,  claim, demand, or notice alleging any
         such  interference,   infringement,   misappropriation,   or  violation
         (including any claim that Target must license or refrain from using any
         Intellectual  Property rights of any third party).  To the Knowledge of
         Seller  and  the   directors   and   officers   (and   employees   with
         responsibility  for Intellectual  Property matters) of Target, no third
         party  has  interfered  with,  infringed  upon,   misappropriated,   or
         otherwise come into conflict with any  Intellectual  Property rights of
         Target.

                                      -14-

<PAGE>

                  3.3.8   CONTRACTS. The Disclosure Schedule lists the following
         contracts  and other agreements to which Target is a party:

                 (a)     any  agreement (or group of related agreements) for the
         lease of  personal  property  to or from any Person providing for lease
         payments in excess of $5,000 per annum;

                 (b)  any  agreement  (or group of related  agreements)  for the
         purchase or sale of raw materials, commodities,  supplies, products, or
         other personal property,  or for the furnishing or receipt of services,
         the  performance  of which will  extend  over a period of more than one
         year, result in a material loss to Target, or involve  consideration in
         excess of $25,000;

                 (c)    any agreement concerning a partnership or joint venture;

                 (d)  any agreement (or group of related agreements) under which
         it has created,  incurred,  assumed, or guaranteed any indebtedness for
         borrowed  money,  or any  capitalized  lease  obligation,  in excess of
         $50,000.00 or under which it has imposed a Security  Interest on any of
         its assets, tangible or intangible;

                 (e) any agreement concerning confidentiality or noncompetition;

                 (f) any   agreement  with  the  Seller  and  their   respective
         Affiliates;

                 (g) any profit sharing,  stock option,  stock purchase,  stock
         appreciation, deferred compensation,  severance, or other material plan
         or  arrangement  for the  benefit of its  current or former  directors,
         officers, and employees;

                  (h)      any collective bargaining agreement;

                  (i) any  agreement for the  employment of any  individual on a
         full- time,  part-time,  consulting,  or other basis  providing  annual
         compensation in excess of $50,000.00 or providing severance benefits;

                  (j)    any agreement under which it has advanced or loaned any
         amount to any  of  its  directors,  officers, and employees outside the
         Ordinary Course of Business;

                  (k) any agreement under which the consequences of a default or
         termination  could  have a  material  adverse  effect on the  business,
         financial  condition,  operations,  results  of  operations,  or future
         prospects of Target; or

                  (L)   any other agreement (or group of related agreements) the
         performance of which involves consideration in excess of $25,000.00 per
         annum.

                                      -15-

<PAGE>

         The  Seller  has  delivered  to Buyer a  correct  and  complete  in all
material  respects  copy of each  written  agreement  listed  in the  Disclosure
Schedule (as amended to date) and a written  summary setting forth the terms and
conditions of each oral agreement referred to in the Disclosure  Schedule.  With
respect to each such  agreement,  to the best of Seller's  knowledge and belief:
(A) the agreement is legal, valid, binding,  enforceable,  and in full force and
effect;  (B)  the  agreement  will  continue  to  be  legal,   valid,   binding,
enforceable,  and in full  force and effect on  identical  terms  following  the
consummation of the transactions  contemplated hereby; (C) no party is in breach
or default, and to Seller's Knowledge no event has occurred which with notice or
lapse of time  would  constitute  a breach or  default,  or permit  termination,
modification,  or  acceleration,  under  the  agreement;  and (D) no  party  has
repudiated any provision of the agreement.

                  3.3.9 NOTES AND  ACCOUNTS  RECEIVABLE.  Except as disclosed in
         Section  3.3.9 of the  Disclosure  Schedule,  all  notes  and  accounts
         receivable  of Target are  reflected  properly  on  Target's  books and
         records,  are valid receivables subject to no setoffs or counterclaims,
         are current and  collectible,  and will be collected in accordance with
         their terms at their recorded amounts,  subject only to the reserve for
         bad debts,  if any, set forth on the face of the Most Recent  Financial
         Statements  (rather  than in any notes  thereto)  as  adjusted  for the
         passage of time  through the Closing Date in  accordance  with the past
         custom and practice of Target.

                  3.3.10  INSURANCE.  The  Disclosure  Schedule  sets  forth the
         material  information with respect to each insurance policy  (including
         policies  providing  property,   casualty,   liability,   and  workers'
         compensation coverage and bond and surety arrangements) to which Target
         has been a party,  a named  insured,  or otherwise the  beneficiary  of
         coverage at any time within the past five years.

                  3.3.11 PRODUCT  LIABILITY.  To the best of Seller's  knowledge
         and  belief,  Target  has no  Liability  (and there is no basis for any
         present or future action,  suit,  proceeding,  hearing,  investigation,
         charge,  complaint,  claim,  or demand  against  it giving  rise to any
         Liability)  arising out of any injury to  individuals  or property as a
         result  of  the   ownership,   possession,   or  use  of  any   product
         manufactured, sold, leased, or delivered by Target.

                  3.3.12 EMPLOYEE BENEFITS. With respect to any Employee Benefit
         Plan that Target  maintains or ever has  maintained  or to which Target
         contributes,  ever  has  contributed,  or ever  has  been  required  to
         contribute,  the Seller has delivered to the Buyer correct and complete
         in all material  respects copies of the plan documents and summary plan
         descriptions,  the most recent  determination  letter received from the
         Internal Revenue Service,  the most recent Form 5500 Annual Report, and
         all related trust agreements,  insurance  contracts,  and other funding

                                       16

<PAGE>

         agreements which implement each such Employee Benefit Plan. Target does
         not maintain and has never maintained or contributed, or has never been
         required to contribute to any Employee Welfare Plan providing  medical,
         health, or life insurance or other welfare-type benefits for current or
         future  employed  or  terminated  employees,  their  spouses,  or their
         dependents (other than in accordance with Code Sec. 4980B).

                  3.3.13 CERTAIN BUSINESS  RELATIONSHIPS WITH TARGET.  Except as
         described on the Disclosure Schedule,  the Seller has not been involved
         in any business arrangement or relationship with Target within the past
         12  months,  and  the  Seller  does  not  own any  asset,  tangible  or
         intangible, which is used in the business of Target.

                  3.3.14   DISCLOSURE.   The   representations   and  warranties
         contained in this Section 3.3 do not contain any untrue  statement of a
         material fact or omit to state any material fact  necessary in order to
         make the statements and  information  contained in this Section 3.3 not
         misleading.

                                   ARTICLE IV
                                    COVENANTS

         4.1      SELLER'S COVENANTS.  Seller covenants with Buyer as follows:

                  4.1.1  ACCESS.  Except as set forth in Articles V and VI, from
         the date  hereof to the Closing  Date,  Seller  shall  afford and shall
         cause to be  afforded  to Buyer and  Buyer's  representatives  full and
         reasonable  access  to the  Target,  to all books  and  records  in the
         possession  or  control  of Target  regarding  its  assets,  and to the
         charter, by-laws, minutes, and corporate resolutions of the Target.

                                         -17-

<PAGE>

                  4.1.2  EXCLUSIVE  DEALING.  From  and  after  the date of this
         Agreement until Closing,  except as otherwise  consented to by Buyer in
         writing,  and except for the termination of dealings with other parties
         with whom Seller had previously  communicated regarding the purchase of
         the Target  Shares,  Seller  shall not either  directly  or  indirectly
         through a representative:

                  (a)   provide  information  to any Person or representative of
         such Person, which would assist such Person in evaluating the prospects
         of purchasing the Target or its assets;

                  (b) initiate,  encourage,  solicit,  analyze or respond to any
          inquiries,  offers,  proposals,  bids, or other  investigations by any
          Person to  acquire  all or any of the  Target  Shares  (other  than to
          indicate that the Target Shares are not for sale);

                  (c) enter  into or agree to enter  into any  transaction,  the
          result of which would interfere,  hinder,  delay or materially  change
          the effect of the transaction contemplated by this Agreement; or

                  (d)     negotiate  with  any  Person  with respect to any such
          transaction.

                  4.1.3    CONDUCT OF BUSINESS.

                  (a)      Prior to Closing, Seller shall:

                           (i)  maintain, repair  and   operate  the  Target  in
         accordance  with  standard  practices  and the  practices  historically
         employed  with  respect  to the  business  of Target  and comply in all
         material  respects  with Laws and perform in all material  respects the
         obligations under the Contracts;

                           (ii) provide Buyer, as soon as reasonably practicable
         following  receipt  by Seller,  with  written  notice of all  proposals
         regarding the business and assets of Target;

                           (iii)  maintain  the Target in its  present customary
         offices, except to the extent that the assets are moved for use at work
         locations and returned to their present  customary  locations after the
         work is complete; and

                           (iv)  promptly notify Buyer of any loss,  damage,  or
         injury  to,  relating  to, or wholly or partly  caused  by,  any of the
         assets of Target.

                  (b)      Without the consent of Buyer, prior to Closing Seller
         shall not permit Target to:

                                      -18-

<PAGE>

                           (i)  incur  obligations with respect to, or undertake
         any transactions relating to, the Target,  other than  transactions (1)
         in the normal, usual and customary  manner,  (2) of a nature  and in an
         amount  consistent with prior practice,  and (3) in the ordinary course
         of business and operating the Target;

                           (ii)  enter  into  any  new  material  agreements  or
         commitments with respect to the business of the Target;

                           (iii) abandon  or  scrap  any  material  part  of the
         assets of Target; or

                           (iv)sell,  lease,  rent,  encumber,  hypothecate,  or
         otherwise  dispose of any part of, or interest in, any of the assets of
         Target other than in the ordinary course of business.

         4.2   COVENANTS OF SELLER AND BUYER.  Seller and Buyer covenant to each
other as follows:

                  4.2.1 COMPLIANCE WITH CONDITIONS  PRECEDENT.  Each Party shall
         use its best  efforts to cause the  conditions  precedent  set forth in
         Article VII, applicable to such Party, to be fulfilled and satisfied as
         soon as practicable but in any event prior to Closing.

                  4.2.2  PREPARATION  OF  CLOSING  DOCUMENTS.  With  respect  to
         Closing Documents, each Party shall deliver proposed forms of all other
         documents  to be delivered at Closing  pursuant to this  Agreement  for
         which such Party is responsible no later than one day prior to Closing.

                  4.2.3 PRESS RELEASE.  Prior to and following Closing,  neither
         Party shall make any press release or other  announcement in connection
         with this  Agreement or the  transactions  contemplated  hereby without
         first consulting with the other Party and  accommodating all reasonable
         requests to the other Party regarding the statements made in such press
         release or  announcement.  Following such  consultation  and good faith
         attempt to make  reasonable  accommodations,  either Party may make any
         announcement  or press  release  that upon  advice of counsel is either
         required by applicable Law or the rules of any stock exchange.

                  4.2.4  BROKERS.  The Parties  represent  to each other that no
         broker, finder, financial advisor, investment banker, or similar person
         has been retained by a Party in connection with this  Agreement,  other
         than Bentley, Ross & Bara, Inc. of Coral Springs, Florida.

                                      -19-

<PAGE>

                  4.2.5  POST-CLOSING  ACCESS.  Except  as  otherwise  expressly
         provided  herein,  from and after the  Closing  Date,  Buyer and Seller
         shall  reasonably  cooperate  and  afford  each  other  or  cause to be
         afforded to their respective officers, employees, accountants and other
         representatives access, upon reasonable  notice,  during business hours
         with respect to the facility to which  access  has been  requested,  to
         review  and copy the  books,   documents,  databases,  or other records
         relating  to  the  Target  and  its  assets  (which  books,  documents,
         databases, records, or employees files or other information the Parties
         shall cooperate and assist one another   in identifying  and locating),
         interview,  depose or seek testimony of employees,  provide  assistance
         in  proceedings with employees  as witnesses or advisors,   investigate
         the  physical  premises,  take  photographs   or  videotapes,  identify
         employees and  contractors with knowledge  of any  matter  which is the
         subject of a claim for which a Party has  responsibility  and make such
         employees  available  to such Party and provide reasonable office space
         to do any of the foregoing in connection  with any matter affecting  or
         alleged to affect the Party requesting such access.

                  4.2.6 FURTHER ASSURANCES.  Each Party shall, from time to time
         at the request of the other, and without further consideration, execute
         and  deliver  such other  instruments  of sale,  transfer,  conveyance,
         assignment, clarification and termination and take such other action as
         the Party  making the request may require to effect the  intentions  of
         the Parties,  including  those required to sell,  transfer,  convey and
         assign to, and vest in Buyer,  and to place Buyer in  possession of the
         Target Shares and the assets and business of Target,  and to give Buyer
         full and unencumbered rights of ownership,  operation, use, possession,
         and enjoyment of the Target Shares. Seller intends to convey 80% of the
         capital stock of Target at Closing.

                  4.2.7 FILES  TRANSFER.  Seller  shall  deliver to Buyer at the
         offices of Target the  originals of all the files and records  relating
         to the  Target.  Seller  shall  have the  right to make  copies  of all
         originals.  For five years after Closing,  Seller shall have the right,
         during regular business hours, and at her expense,  to inspect and copy
         the files and records relating to the Target.

                  4.2.8    POST-CLOSING COVENANTS.  The Parties agree as follows
         with respect to the period following the Closing:

                  (A) GENERAL. In case at any time after the Closing any further
         action is  necessary  or  desirable  to carry out the  purposes of this
         Agreement, each of the Parties will take such further action (including
         the execution and delivery of such further  instruments  and documents)
         as any other Party  reasonably  may  request,  all at the sole cost and
         expense of the  requesting  Party (except to the extent the  requesting
         Party is entitled to indemnification thereof under Article VI below).

                                       20
<PAGE>

                  (B) BUY OUT OPTION.  Buyer shall have the exclusive  option to
         purchase  the  remaining  20% of the shares of Target held by Seller at
         any time  after  three  years  from the  Closing  Date and  before  the
         expiration of five years from the Closing Date by payment of five times
         the  earnings  per share of the Target  before  provision  for  federal
         income tax for the twelve months preceding the exercise of  the option.

                                    ARTICLE V
                                      TAXES

         5.1 TAX  PROCEEDINGS.  If Buyer or any of Buyer's  Affiliates  receives
notice of any examination, claim, adjustment or other proceeding relating to the
liability for Taxes of or with respect to Seller for any period Seller is or may
be liable under this  Agreement,  Buyer shall notify Seller in writing within 10
days of receiving  notice  thereof.  As to any such Taxes for which Seller is or
may be liable under this Agreement,  Seller shall at Seller's expense control or
settle the contest of such examination,  claim,  adjustment or other proceeding,
and shall  indemnify  Buyer  against  all Losses in  connection  therewith.  The
Parties shall cooperate with each other and with their respective  Affiliates in
the  negotiation  and  settlement of any  proceeding  described in this Article.
Buyer  shall   provide,   or  cause  to  be   provided,   to  Seller   necessary
authorizations,  including  powers of attorney,  to control any proceeding which
Seller is entitled to control pursuant to this Article.

                                   ARTICLE VI
                                    INDEMNITY

         6.1 INDEMNIFICATION BY SELLER. Seller shall indemnify,  defend and hold
harmless  Buyer from and  against  all Losses  based  upon,  arising  out of, in
connection  with,  or  relating to any breach of any  representation,  warranty,
covenant or agreement of Seller contained in this Agreement.

         6.2  INDEMNIFICATION BY BUYER.  Buyer shall indemnify,  defend and hold
harmless  Seller  from and against  all Losses  based  upon,  arising out of, in
connection  with,  or  relating to any breach of any  representation,  warranty,
covenant or agreement of Buyer contained in this Agreement.

         6.3 SURVIVAL OF REPRESENTATIONS  AND WARRANTIES.  All  representations,
covenants,  and warranties  and agreements  made by the Seller in this Agreement
and  in  any  document  delivered  or  to be  delivered  pursuant  hereto  or in
connection with the closing hereunder shall survive the closing.

         6.4   METHOD OF ASSERTING CLAIMS.  All claims for indemnification under
this Agreement shall be asserted and resolved as follows:

                                       21

<PAGE>

                  6.4.1  THIRD  PERSON  CLAIMS.  If any  claim for which a Party
         providing indemnification (the "Indemnifying Party") would be liable to
         a  Party  or any of  its  officers,  directors,  employees,  agents  or
         representatives entitled to indemnification hereunder (the "Indemnified
         Party")  is  asserted  against  or  sought to be  collected  by a Third
         Person,  the Indemnified  Party shall promptly notify the  Indemnifying
         Party of such claim, specifying the nature of such claim and the amount
         or the estimated amount thereof to the extent then feasible (which
         estimate  shall not be  conclusive  of the final  amount of such claim)
         (the "Claim Notice").  The  Indemnifying  Party shall have 30 days from
         its  receipt of the Claim  Notice (the  "Notice  Period") to notify the
         Indemnified Party

                  (a)   whether  or  not  it  disputes  its  liability  to   the
        Indemnified Party hereunder with respect to such claim, and

                  (b) if it does not dispute such  liability,  whether or not it
         desires,  at its sole cost and expense, to defend the Indemnified Party
         against such claim;  provided,  however,  that the Indemnified Party is
         hereby  authorized  prior to and during  the  Notice  Period (up to the
         receipt of the notice from the Indemnifying  Party) to file any motion,
         answer or other  pleading,  submission or document  which it shall deem
         necessary or appropriate to protect its interests.  If the Indemnifying
         Party notifies the  Indemnified  Party within the Notice Period that it
         does not dispute  such  liability  and desires to defend  against  such
         claim or demand, then, except as hereinafter provided, the Indemnifying
         Party  shall  have  the  right  to  defend  such  claim  or  demand  by
         appropriate proceedings, which proceedings shall be promptly settled or
         prosecuted to a final conclusion, in such a manner as to avoid any risk
         of  the  Indemnified  Party  becoming  subject  to  liability.  If  the
         Indemnified Party desires to participate in, but not control,  any such
         defense or settlement, it may do so at its own cost and expense. If the
         Indemnifying  Party  disputes its liability with respect to such claim,
         or elects  not to defend  against  such  claim,  whether  by not giving
         timely notice as provided  above or otherwise,  the  Indemnified  Party
         shall  have the right but not the  obligation  to defend  against  such
         claim, and the amount of any such claim, or if the same be contested by
         the Indemnifying  Party or by the Indemnified  Party, then that portion
         thereof as to which such defense is unsuccessful, shall be conclusively
         deemed to be a liability of the Indemnifying Party hereunder  (subject,
         if it has timely disputed  liability,  to a determination in accordance
         with this  Agreement  that the  disputed  liability  is covered by this
         Article).

                  6.4.2 OTHER CLAIMS.  In the event that the  Indemnified  Party
         shall have a claim against the Indemnifying  Party hereunder which does
         not involve a claim or demand  being  asserted  against or sought to be
         collected  from it by a  Third  Person,  the  Indemnified  Party  shall
         promptly  send a  Claim  Notice  with  respect  to  such  claim  to the

                                       22

<PAGE>

         Indemnifying  Party.  If the  Indemnifying  Party  does not  notify the
         Indemnified Party within the Notice Period that it disputes such claim,
         the amount of such claim shall be  conclusively  deemed a liability  of
         the Indemnifying Party hereunder.

         6.5      PAYMENT.  Payments in regard to Third Person claims under this
    Agreement shall be made as follows:

                  6.5.1  PAYMENT OF UNDISPUTED AMOUNT. If the Indemnifying Party
         is required to make any payment, the Indemnifying Party shall  promptly
         pay the Indemnified  Party the amount so determined. If there should be
         a dispute as to the amount or manner of determination of any  indemnity
         obligation owed, the Indemnifying Party shall nevertheless pay when due
         such  portion,  if any,  of the  obligation  as shall not be subject to
         dispute.  Upon the payment in full of any claim, the Indemnifying Party
         shall be subrogated to the rights of the Indemnified  Party against any
         Person or other  entity  with  respect  to the  subject  matter of such
         claim.

                  6.5.2  INTEREST.   If  all  or  part  of  any  indemnification
         obligation  under this  Agreement is disputed or is otherwise  not paid
         when due,  then upon  resolution  of the claim the  Indemnifying  Party
         shall pay on demand to the  Indemnified  Party  interest  at the Agreed
         Rate on that  part of the  obligation  for  each  day from the date the
         amount became due until payment in full.

                  6.5.3 DISPUTED CLAIMS. If the Indemnifying  Party shall notify
         the  Indemnified  Party  during the Notice  Period that it disputes any
         claim for  indemnification  (the "Disputed Claim"),  the Disputed Claim
         shall be subject to the dispute resolution  procedures provided in this
         Agreement.

                                   ARTICLE VII
                              CONDITIONS PRECEDENT

         7.1    CONDITIONS  PRECEDENT  OF  BUYER.    The obligations of Buyer to
     consummate  the  transactions contemplated by this Agreement are subject to
     the following conditions:

                  7.1.1  REPRESENTATIONS  AND  WARRANTIES  TRUE AT CLOSING.  The
         representations and warranties of Seller contained in this Agreement or
         in any  certificate  or document  delivered  pursuant to the provisions
         hereof,  or in connection with the  transactions  contemplated  hereby,
         were true and complete when made, and shall be true and complete on and
         as of the Closing Date as though such  representations  and  warranties
         were made in all  material  respects  at and as of such date  except as
         otherwise expressly provided herein.

                                       23
<PAGE>

                  7.1.2  COMPLIANCE  WITH  AGREEMENT.  On and as of the  Closing
         Date,  Seller  and Target  shall have  performed  and  complied  in all
         material  respects  with  all  agreements,  covenants,  and  conditions
         required by this  Agreement to be performed  and complied  with by them
         prior to or on the Closing Date.

                  7.1.3  APPROVAL  OF  PROCEEDINGS.  All  actions,  proceedings,
         instruments  and  documents  required  of  Seller  to  carry  out  this
         Agreement,  or incidental thereto,  and all other related legal matters
         shall have been  approved  by William  Vincent  Walker,  as counsel for
         Buyer, which approval shall not be unreasonably withheld.

                                       24
<PAGE>

                  7.1.4 OPINION OF COUNSEL.  There shall have been  delivered to
         Buyer the opinion of counsel for Seller,  dated the Closing Date and in
         the form set forth on Exhibit E.

                  7.1.5  CONVEYANCE.   Seller  shall  execute,  acknowledge  and
         deliver to Buyer such other  documents as may be necessary to carry out
         the purposes of this Agreement.

                  7.1.6  NO  MATERIAL  ADVERSE  CHANGE.  There  shall  not  have
         occurred  with  respect to Target any  material  adverse  change in the
         condition or value thereof since the execution of this Agreement  other
         than changes in the ordinary course of business.

         7.2      CONDITIONS PRECEDENT OF SELLER.   The obligations of Seller to
         consummate the transactions contemplated by this  Agreement are subject
         to the following conditions:

                  7.2.1  REPRESENTATIONS  AND  WARRANTIES  TRUE AT CLOSING.  The
         representations  and warranties of Buyer contained in this Agreement or
         in any  certificate  or document  delivered  pursuant to the provisions
         hereof,  or in connection with the  transactions  contemplated  hereby,
         were true and complete when made, and shall be true and complete on and
         as of the Closing Date as though such  representations  and  warranties
         were made at and as of such date except as otherwise expressly provided
         herein.

                  7.2.2  COMPLIANCE  WITH  AGREEMENT.  On and as of the  Closing
         Date,  Buyer shall have  performed  and complied  with all  agreements,
         covenants,  and  conditions  required by this Agreement to be performed
         and complied with by it prior to or on the Closing Date.

                  7.2.3  CERTIFIED RESOLUTIONS AND OFFICERS' CERTIFICATE.  Buyer
         shall have delivered to Seller

                  (a) a  certificate  dated  the  Closing  Date  signed  by  the
         Secretary  of Buyer with  respect  to the  action of  Buyer's  Board of
         Directors  authorizing the transactions  contemplated by this Agreement
         in accordance with Buyer's Corporate Documents, and

                  (b) a  certificate  dated the  Closing  Date and signed by the
         President of Buyer  certifying in such detail as Seller may  reasonably
         request to the  fulfillment  of the  conditions  specified  in Sections
         7.2.1 and 7.2.2.

                  7.2.4  APPROVAL  OF  PROCEEDINGS.  All  actions,  proceedings,

                                       25

<PAGE>

         instruments  and  documents  required  for  Buyer  to  carry  out  this
         Agreement,  or incidental thereto,  and all other related legal matters
         shall have been approved by counsel for Seller,  which  approval  shall
         not be unreasonably withheld.

                   7.2.5 OPINION OF COUNSEL.  There shall have been delivered to
         Seller an opinion of William Vincent Walker, dated the Closing Date and
         in the form set forth on Exhibit F.

                   7.2.6   EMPLOYMENT AGREEMENTS.    Target  shall have executed
         Employment Agreements  with  Peter Leon  and  Paul S. Rubeo  dated  the
         Closing Date  and  in  the  forms  set  forth  on Exhibits A-1 and A-2,
         respectively.

                   7.2.7   FUTURE FUNDING.    Buyer  shall  have  arranged for a
         minimum of  $250,000.00 of additional working capital for the Target to
         be employed under a business and marketing plan be acceptable to Buyer.

                  7.2.8  INJUNCTION.  On the  Closing  Date,  there  shall be no
         injunction,  writ, or preliminary restraining order or any order of any
         nature  issued  by a court  or  other  Governmental  Body of  competent
         jurisdiction directing that the transactions provided for herein or any
         of  them  not  be  consummated  as  herein  provided  or  imposing  any
         conditions on the consummation of the transactions  contemplated hereby
         and no material  proceeding  or lawsuit  shall have been  commenced  or
         threatened by any Governmental Body or other Person with respect to any
         of the transactions contemplated by this Agreement.

                  7.2.9 CONVEYANCE. Buyer shall execute, acknowledge and deliver
         to Seller such  documents as may be necessary to carry out the purposes
         of this Agreement.

                                  ARTICLE VIII
                                  MISCELLANEOUS

         8.1      NOTICES.  All notices, consents, requests, demands, and other
communications  hereunder  shall be  in writing and shall be deemed to have been
duly given or delivered if

                  8.1.1   delivered by hand,

                  8.1.2   delivered by a recognized overnight commercial courier
         (receipt requested), or

                  8.1.3 sent by telecopier  (with receipt  confirmed),  provided

                                       26
<PAGE>

         that a copy is  promptly  thereafter  mailed  in the  United  States by
         first-class postage prepaid mail,

to the Party as follows  (or to such other address as any Party shall have  last
designated by 15 days' notice to the other Party).

                  If to Seller:
                  2701 East Oakland Park Bld.
                  Fort Lauderdale, Florida
                  Attn: Peter Leon
                  Telecopier:  (954) 568-9553

                  If to Buyer:
                  E-Pawn.com, Inc.
                  2855 University Drive, Suite 200
                  Coral Springs,  Florida  33065
                  Attn: Steve Bazsuly
                  Telecopier:  (954) 227-7395

A notice shall also be deemed  given if an  original,  photocopy or facsimile is
actually received by the Persons designated to receive notice, regardless of the
manner of transmission.

         8.2 GOVERNING  LAW. This  Agreement  shall be governed by and construed
and  enforced  in  accordance  with the Laws of the  State  of  Florida  without
reference to  principles  of conflicts of laws,  with venue  established  in the
State Courts of Broward  County,  Florida,  and the United States District Court
for the Southern District of Florida.

         8.3 ASSIGNMENT.  This Agreement and the rights and obligations  created
hereunder  shall not be assigned  prior to Closing by either  Party  except that
Buyer may  assign  its  rights to a single  Affiliate  of Buyer  provided  Buyer
remains  primarily  liable for the  performance  of all  obligations  hereunder.
Subsequent to Closing either Party may assign their obligations  hereunder to an
Affiliate provided the Party remains primarily liable for the performance of the
Party's  obligations  hereunder.  Subsequent to Closing neither Party may assign
its rights or interests under this Agreement except in connection with a sale of
all or  substantially  all of Target  Shares or in  connection  with a merger or
similar  transaction.  Any party  into which  Buyer is merged or to which  Buyer
sells all or  substantially  all of its  assets  shall  agree to  assume  all of
Buyer's obligations hereunder as a condition to any such transaction.

         8.4  COUNTERPARTS.  This  Agreement  may be  executed  in any number of
counterparts,  each of  which  shall  be  deemed  an  original  but all of which
together shall constitute one and the same instrument.

                                       27

<PAGE>

         8.5  INVALIDITY.  If any of the provisions of this Agreement  including
the   Exhibits  is  held   invalid  or   unenforceable,   such   invalidity   or
unenforceability  shall not affect in any way the validity or  enforceability of
any other  provision  of this  Agreement.  In the event  any  provision  is held
invalid  or  unenforceable,  the  Parties  shall  attempt to agree on a valid or
enforceable provision which shall be a reasonable substitute for such invalid or
unenforceable  provision  in  light  of  the  tenor of this Agreement and, on so
agreeing, shall incorporate such substitute provision in this Agreement.

         8.6 ENTIRE  AGREEMENT AND  CONSTRUCTION.  This  Agreement  contains the
entire   agreement   between  the  Parties  with  respect  to  the  transactions
contemplated  hereby and all prior  understandings  and  agreements  shall merge
herein. There are no additional terms, whether consistent or inconsistent,  oral
or written,  which are intended to be part of the Parties'  understandings which
have not been  incorporated into this Agreement and the Exhibits which have been
incorporated  herein by  reference.  The  Parties  agree that they have  jointly
participated  in the drafting and  preparation  of this  Agreement  and that the
language of this Agreement  shall be construed as a whole  according to its fair
meaning and not strictly for or against any of the Parties hereto.

         8.7 EXPENSES. Except as otherwise expressly provided herein, each Party
shall bear its own fees,  costs and expenses in connection with the transactions
contemplated  herein,  including,  without limitation,  all legal and accounting
fees and  disbursements and fees and expenses of other advisors retained by such
Party.

         8.8     WAIVERS AND AMENDMENTS.  All amendments and other modifications
hereof shall be in writing and signed by each of the Parties.   Either Party may
by written instrument:

                  8.8.1 waive any inaccuracies in any of the  representations or
         warranties made to it by any other Party contained in this Agreement or
         in any  instruments  and  documents  delivered  to it  pursuant to this
         Agreement;

                  8.8.2 waive  compliance or performance by the other Party with
         or of any of the covenants or agreements  made to it by the other Party
         contained in this Agreement; or

                  8.8.3    waive any of its conditions precedent to Closing;

                  The delay or failure on the part of a Party  hereto to insist,
         in any one  instance  or more,  upon strict  performance  of any of the
         terms or  conditions  of this  Agreement,  or to exercise  any right or
         privilege  herein  conferred  shall not be construed as a wavier of any
         such  terms,  conditions,  rights  or  privileges  but the  same  shall
         continue  and remain in full force and effect.  All rights and remedies

                                       28

<PAGE>

         are  cumulative.  The  waiver  of a  condition  to  Closing  by a Party
         regarding a warranty, representation or covenant shall not constitute a
         waiver  of a  breach  of such  warranty,  representation  or  covenant;
         provided,  however,  that the  Parties  shall  attempt in good faith to
         agree  prior  to  Closing  upon  the   resolution  of  a  breach  of  a
         representation, warranty or covenant that arises after the date of this
         Agreement which could result in liability to the breaching Party and of
         which the other Party has actual  Knowledge,  and if the Parties cannot
         agree  upon a  resolution,  the  breach  shall be deemed  waived if the
         Closing occurs.

         8.9  SURVIVAL  OF  WARRANTIES,   REPRESENTATIONS  AND  COVENANTS.   All
representations  and warranties  contained in this  Agreement  shall survive the
Closing and continue with respect to claims made on or before one year following
the Closing Date, except Environmental Claims which shall survive for two years.

         8.10   SECTION HEADINGS. The section headings in this Agreement are for
convenience of reference only and  shall  not  be  deemed to alter or affect the
interpretation of any provision thereof.

         8.11     TERMINATION.  This Agreement may be terminated

                  8.11.1    by mutual written consent of the Parties at any time
         prior to the Closing;

                  8.11.2 by Buyer by notice  to  Seller  given on or before  the
         Closing  Date,  if Buyer shall  discover any material fact or condition
         existing  that  is at  variance  with  any of the  representations  and
         warranties of Seller contained in this Agreement;

                  8.11.3 by Seller  by  notice to Buyer  given on or before  the
         Closing Date,  if Seller shall  discover any material fact or condition
         existing  that  is at  variance  with  any of the  representations  and
         warranties of Buyer contained in this Agreement; or

                  8.11.4  by  Seller  or Buyer  if the  Closing  shall  not have
         occurred on or before  August 15, 2000 other than  through the fault of
         the terminating Party.

         Upon any  termination  the  Parties  shall have no further  obligations
under this  Agreement,  except that the  provisions of Sections 8.1 through 8.8,
8.10, and 8.12 shall remain in full force and effect.

         8.12     DISPUTE RESOLUTION.   Except  as  expressly  provided  to  the
contrary in this Agreement,  the parties shall submit  every dispute relating to
this Agreement to binding arbitration as follows:

                                       29

<PAGE>

                  8.12.1   SELECTION  OF  ARBITRATOR.   The  Parties  shall  use
         reasonable efforts to select a mutually acceptable  arbitrator.  If the
         Parties fail to agree on an arbitrator within 15 days, either Party may
         request the judge of the United States  District Court for the Southern
         District of Florida having greatest  tenure,  but not yet on retired or
         senior status,  to appoint an arbitrator.  If that judge fails to do so
         within 30 days,  either  Party may request the judge of that court next
         senior to name the  arbitrator,  and if that judge fails to do so after
         10 days,  either  Party may make the request of the judge of that court
         next senior, and so on, until the arbitrator is appointed.

                  8.12.2 QUALIFICATIONS OF ARBITRATOR.  Each arbitrator shall be
         knowledgeable  about  matters  affecting  the  issue(s)  for which such
         arbitrator is appointed (and where applicable,  shall be a professional
         in the matter of dispute) or shall be a former member of the Florida or
         federal  judiciary,  and shall be  required  to meet the  qualification
         requirements  of the  Commercial  Arbitration  Rules  of  the  American
         Arbitration  Association  (the "AAA  Rules").  If prior to  rendering a
         decision  an  arbitrator  resigns  or  becomes  unable  to  serve,  the
         arbitrator will be replaced using the mechanism set forth herein.

                  8.12.3 SUIT  PROHIBITED.  No Party will  commence or prosecute
         any suit or action against another Party other than as may be necessary
         to compel arbitration or to enforce the award of an arbitrator.

                  8.12.4 DAMAGES. The arbitrator shall not have any authority to
         award  consequential,  exemplary or punitive damages.  Any liability of
         Seller  under  this  Agreement  shall not exceed the value of the Final
         Purchase Consideration received by the Seller hereunder. The sole forum
         for the arbitration shall be Fort Lauderdale, Florida, and all hearings
         shall be conducted in Fort Lauderdale, Florida.

                  8.12.5  DECISION.  The  decision  of the  arbitrator  shall be
         rendered in writing and shall be final and  binding  upon the  Parties.
         Any Party  shall have the right to entry of  judgment,  by any court of
         competent  jurisdiction,  upon the decision of the  arbitrator.  Unless
         declared otherwise by the arbitrator:

                  (a) the expenses of arbitration, including compensation to the
         aribtrator, shall be borne equally by the Parties;

                  (b) each Party shall bear the compensation and expenses of its
         own  counsel, witnesses and employees; and

                  (c) if the testimony of a witness is obtained by both Parties,
         the costs  associated  with  obtaining  such  testimony  shall be borne
         equally between the Parties.

                                       30

<PAGE>

                  8.12.6 AAA RULES. Matters not specifically provided for herein
         shall be governed by the AAA Rules on procedure  matters and by laws of
         the State of Florida and United  States of America on  substantive  law
         matters.

         In Witness Whereof, the Parties hereto have entered into this Agreement
as of the date first herein above written.

BUYER:

E-PAWN.COM, INC.

By:

SELLER:

-------------------                                      -----------------------
Peter Leon                                               Paul S. Rubeo

                                       31EMPLOYMENT AGREEMENT

         This Employment Agreement is made and entered into this ________ day of
_______________,  2000, by and between Home Realty and Investment  Corp.,  Inc.,
with its principal place of business in Fort  Lauderdale,  Florida  (hereinafter
referred to as the  "Company"),  and Peter Leon, an individual  residing in Fort
Lauderdale, Florida (hereinafter referred to as "Employee").

         In  consideration  of the Company's  employment  of Employee,  Employee
agrees to the covenants contained herein.

         In consideration of the following  covenants and conditions,  and other
good and valuable consideration, the parties hereto agree as follows:

         1.       SUPERSEDING AGREEMENT.   This Agreement supersedes any and all
other employment agreements, written or oral, between the Company and Employee.

         2.       EMPLOYMENT.   The Company hereby employs Employee and Employee
hereby accepts employment  for  the  term,  at the salary,  benefits  and  other
consideration, and on the conditions specified in this Agreement.

         3.       DUTIES AND RESPONSIBILITIES.
                  ---------------------------

                  A.       Employee agrees to perform the duties of an executive
                           officer of the  Company  to the best of his  ability,
                           together  with  such  functions  as  are  customarily
                           performed by employees of a company in Florida with a
                           similar title. Such duties may, from time to time, be
                           modified,  established and designated by the Board of
                           Directors  of the  Company  during  the  term of this
                           Agreement.

                  B.       Employee  shall  conform to the  rules,  regulations,
                           instructions, personnel practices and policies of the
                           Company  now in force or any  changes  therein  which
                           hereafter  may be  adopted  from  time to time by the
                           Company.

         4.      TERM OF EMPLOYMENT; EFFECTIVE DATE.
                 ----------------------------------

                 A. This  Agreement  shall be effective as of, and the effective
                    date of this Agreement shall be, May 1, 2000.

                 B. The  term  of  this  Agreement  shall  expire  on the  third
                    anniversary  of its  commencement  unless  renewed  (in  the
                    manner hereinafter specified) or unless sooner terminated in
                    accordance  with the terms and  provisions  hereinafter  set
                    forth.   If  the   Company   desires   not  to  renew   this
                    Agreement(or,  if  previously  renewed,  on  any  succeeding
                    annual  anniversary) of its commencement,  the Company shall
                    be obligated to: (1) give  Employee  sixty (60) days written
                    notice  prior to the third  anniversary  (or, if  previously
                    renewed, on any succeeding  anniversary) of the commencement
                    of this Agreement of the Company's  desire not to renew this
                    Agreement;  or (2) give  Employee  less  than the  aforesaid
                    sixty (60) days written  notice,  in which event the Company
                    shall be  required to pay  Employee  the  compensation,on  a
                    semi-monthly  basis, which would otherwise have been paid by
                    the  Company  for sixty (60) days after said notice is given
                    had  Employee  remained in the employ of the Company and had
                    Employee not been disabled  during such period and performed
                    his duties  hereunder  during such period  without cause for
                    his  discharge  arising  during  such period  (and,  in such
                    event,  Employee shall,  unless  requested  otherwise by the
                    Company,  remain in the  employ of the  Company  during  the
                    entirety of said 60 -day period). In the event the Company

                                                      -1-

<PAGE>

                    has not given the notice described in the preceding sentence
                    on or before any anniversary of the commencement of the term
                    of  this   Agreement,   then   this   Agreement   shall   be
                    automatically  renewed for a succeeding period of years; and
                    this Agreement may be renewed on any succeeding  anniversary
                    in like manner.

                C.  In the event of the  demise of  Employee  during the term of
                    this  Agreement  (its original  term or as  extended),  this
                    Agreement  shall   automatically   be  terminated  upon  the
                    occurrence  of such  demise;  and in the event  employee  is
                    disabled  (irrespective  of the cause or causes  thereof and
                    whether such  disability is permanent or  temporary)  during
                    the  term of this  Agreement,  this  Agreement  may,  at the
                    option of the  Company  (exercisable  by  written  notice to
                    Employee  at any time) be  terminated  at any time after the
                    occurrence of such disability.  The aforesaid prerogative of
                    the Company to terminate  this Agreement may be exercised by
                    written notice from the Company to Employee.  Employee shall
                    be deemed "disabled" or under a "disability" (as such quoted
                    terms  are  used in this  paragraph)  if due to  illness  or
                    injury,  Employee is  rendered  unable to perform his duties
                    under this Agreement,  in whole or in substantial  part, for
                    ninety  (90) days or more  (the  phrase  "substantial  part"
                    meaning to the extent of 15% or more).

         5.      COMPENSATION OF EMPLOYEE.
                 ------------------------

                 A. SALARY: During the term of this Agreement, Employee shall be
                    entitled  to a base  monthly  salary  payable  in arrears of
                    $8333.33.

                    The Company shall be entitled to make all payroll deductions
                    from salary,  bonuses and commissions as are required by law
                    or otherwise apply uniformly to employees of the Company.

                 B. BONUSES  AND  INCENTIVES:  In  addition  to  the  salary  of
                    Employee,  Employee  shall  receive 30 days after the end of
                    each  calendar  quarter a bonus or  commission  based on the
                    following:

                    50 % of the earned  sales  commission  on matters  for which
                    Employee is a participating agent; and

                    Employee shall  participate in the Stock Incentive and Bonus
                    Plans offered by the parent, E-Pawn.com, Inc., and available
                    to its key employees and executive officers.

                 C. CERTAIN OTHER  BENEFITS:  During the term of this Agreement,
                    Employee  shall  be  entitled  to the  following  additional
                    benefits:

                           (1)      Employee shall be included in such hospital,
                                    surgical,  medical and dental benefit plans,
                                    group  term  life   insurance   plans,   and
                                    pension,  profit-sharing  and/or  retirement
                                    plans as are from time to time maintained by
                                    the  Company (to the extent  maintained)  at
                                    the same level of  contributions or benefits
                                    (as the case may be) as other  employees  of
                                    the Company similar in rank to Employee;

                           (2)      Employee  shall be reimbursed for reasonably
                                    and necessarily  incurred  business expenses
                                    in   accordance   with  such   policies  for
                                    approval  and/or  reimbursement  as are from
                                    time to time established by the Company

                                       -2-

<PAGE>

                                    and  uniformly  applied to  employees of the
                                    Company   similar   in  rank  to   Employee;
                                    provided,  however,  that  the  Company  may
                                    refuse to  reimburse  Employee  for expenses
                                    for which he cannot or does not  provide  an
                                    accounting or documentation which states the
                                    amount of expenditure,  the date, place, and
                                    essential character of the expenditure,  the
                                    business reason for the  expenditure  and/or
                                    the  nature  of  the  business   derived  or
                                    expected  to be  derived  as a result of the
                                    expenditure. The Company shall determine, in
                                    its  sole  discretion,   those  expenditures
                                    which   constitute    "reasonable   business
                                    expenses";

                           (3)      Employee  shall be entitled to two weeks (10
                                    days) annual vacation with pay after one (1)
                                    year of continuous  employment from his hire
                                    date.  With the approval of management,  and
                                    if the  Employee  chooses,  one (1)  week of
                                    this  vacation  may be taken  after  six (6)
                                    months of  continuous  employment.  Upon the
                                    Employee's   fifth   anniversary   with  the
                                    Company, he shall be entitled to three weeks
                                    (15 days)  vacation  with pay in the ensuing
                                    12-month period. Vacation time shall be non-
                                    cumulative.

                           (4)      Employee  shall be  entitled  to such  other
                                    benefits as are then  customarily  furnished
                                    to   other   executive   officers   and  key
                                    employees of the Company  similar in rank to
                                    Employee,  including but not limited to 401K
                                    Plans, stock bonus plans and incentive stock
                                    plans.

         6.      CONFIDENTIAL INFORMATION OF EMPLOYER.

                 A. RESTRICTIVE  COVENANT.  During  the term of this  Agreement,
                    Employee   will   have   access  to   certain   confidential
                    information of the Company and its subsidiaries,  parent and
                    affiliated  corporations and certain  shareholder records of
                    same,  including,  but not limited to,  corporate  books and
                    records, financial information, personnel information, lists
                    of customers,  customer relations,  special know-how,  trade
                    secrets  and  other  information.  Employee  recognizes  and
                    acknowledges  that  such   confidential   information  is  a
                    valuable,  special and unique  asset of the Company and that
                    the  Company's  business is dependent on the same. To insure
                    the continued secrecy of this  confidential  information and
                    in consideration  if his employment or continued  employment
                    by the Company,  Employee  agrees and covenants that he will
                    not at any time during the term of this  Agreement and for a
                    period of two years  from the date of his  termination  with
                    the Company,  regardless  of the cause of such  termination,
                    either directly or indirectly, or by aid to others:

                           (1)      Make use of or divulge to any person,  firm,
                                    corporation  or other  entity  (collectively
                                    referred  to  as  an  "Entity")   any  trade
                                    secrets,   customer   lists,  or  any  other
                                    information   used   by   Employee   in  his
                                    performance  of his  duties on behalf of the
                                    Company,  or fail to keep  confidential  all
                                    information   obtained   in  the   Company's
                                    business.

                           (2)      Provide,   perform  or  aid,   directly   or
                                    indirectly,  in the providing or performance
                                    of,  any  service  which  is the  same as or
                                    similar to any service performed or provided
                                    by Employee for the Company for or on behalf
                                    of any Entity which was a client or customer
                                    of the Company at the time of termination of
                                    Employee's  employment with the Company (any
                                    such Entity being herein  referred to as the
                                    "Company's Customer").

                                       -3-

<PAGE>

                           (3)      Discuss with an Company's Customer,  or with
                                    any  employee  or  agent  of  any  Company's
                                    Customer,   the  possibility  of  Employee's
                                    providing or performing or aiding,  directly
                                    or   indirectly,   in   the   providing   or
                                    performing,  of any  service  prohibited  by
                                    paragraph  6.A.(2) above,  on behalf of such
                                    Company's Customer.

                           (4)      Discuss  with any person who is, at the time
                                    of  such  discussion,  an  employee  of  the
                                    Company,  the  possibility  of such person's
                                    working  for or with  Employee to provide or
                                    perform (or aid, directly or indirectly,  in
                                    the  providing or  performing)  on behalf of
                                    any Entity any service  which is the same as
                                    or similar to any  service  provided by such
                                    person  in  the   scope  of  such   person's
                                    employment with the Company.

                           (5)      Employ any  person,  who was an  employee of
                                    the  Company on the date of  termination  of
                                    Employee's  employment with the Company,  to
                                    perform  or  provide  (or aid,  directly  or
                                    indirectly,  in the providing or performing)
                                    on behalf of any Entity any service which is
                                    the  same  as  or  similar  to  any  service
                                    performed  or provided by such person in the
                                    scope of such person's  employment  with the
                                    Company.

                           (6)      Take any  action,  directly  or  indirectly,
                                    which  would tend to divert from the Company
                                    any  trade  or  business  with  any  of  the
                                    Company's  Customers  or  any  Entity  whose
                                    identity  or  potential  as a  customer  was
                                    confidential  or learned by Employee  during
                                    the  course  of  his  employment   with  the
                                    Company.

                           Employee  additionally  covenants  not to disclose to
                  any person,  firm or corporation any information  which is not
                  otherwise  known  to  the  public   concerning  the  business,
                  customers  or affairs of the  Company or its  subsidiaries  or
                  affiliates  which he may  acquire  in the  course  of or as an
                  incident  to his  employment  and  service  on  behalf  of the
                  Company.

                           Employee agrees that the provisions contained in this
                  Paragraph 6 are of vital importance to the Company and that if
                  any  question  shall  ever  arise  as to  whether  any  act of
                  Employee  is  prohibited  by this  Paragraph  6, then,  in all
                  instances in which it is reasonable to interpret any provision
                  of this Paragraph 6 to prohibit such act, such  interpretation
                  shall  be  controlling  notwithstanding  that  it may  also be
                  reasonable to interpret such provision to permit such act. The
                  geographic area covered by this  Restrictive  Covenant is Fort
                  Lauderdale  Metropolitan  Region and any other area within the
                  State of Florida in which the Company is transacting  business
                  at the time of termination of Employee's employment (or within
                  the maximum area  permitted by law  surrounding  the Company's
                  principal office in Fort Lauderdale, whichever is less).

                 B. WORK  PRODUCT.  Upon  the  termination  of  his  employment,
                    Employee shall not take from the premises of the Company, or
                    otherwise retain, any records, files or other documents,  or
                    copies  thereof,  relating to the business or affairs of the
                    Company.  As  further  consideration  for  said  employment,
                    Employee hereby assigns and agrees to assign to the Company,
                    its successors and assigns:

                           (1)      All   rights  to  maps,   plats,  documents,
                                    brochures,   notes,   research     material,
                                    prospective  customer  lists,  etc.,   which
                                    Employee made, conceived, or received during
                                    the term of his employment with the Company;

                           (2)      Employee  will  promptly  disclose  to   the
                                    Company information relating   to said maps,
                                    plats,   documents,    brochures,   research
                                    material,

                                       -4-

<PAGE>

                                    prospective  customer lists,  etc., and will
                                    execute, acknowledge, and deliver all papers
                                    and   perform  all  other  acts  as  may  be
                                    necessary  in the  opinion of the Company to
                                    vest title to such  material in the Company,
                                    its successors and assigns.

                 C. REMEDIES.  In the event of a breach or threatened  breach by
                    Employee of the  provisions of this  Paragraph,  the Company
                    shall be entitled to seek an injunction restraining Employee
                    from  disclosing,  in  whole or in  part,  the  lists of the
                    Company's customers,  rate and pricing structures,  discount
                    policies or other confidential business information. Nothing
                    herein shall be construed  as  prohibiting  the Company from
                    pursuing  any other  remedies  available  to the Company for
                    such breach or threatened breach,  including the recovery of
                    damages from Employee.

         7.      TERMINATION.

                 A. The Company may terminate the employment of Employee with or
                    without  cause,   at  any  time.  In  the  event  that  such
                    termination is "for cause" (as such quoted term is hereafter
                    defined),  then  no  prior  notice  shall  be  required  for
                    termination;   provided,   however,  at  the  time  of  such
                    termination,  Employee  shall  be  provided  with a  written
                    explanation of the facts constituting  cause.  Failure to so
                    provide  Employee  with  such  explanation  shall be  deemed
                    termination without cause.  Additionally,  in the event that
                    such termination is "for cause," then Employee shall have no
                    right to receive  compensation  or other benefits under this
                    Agreement  for any period  after  termination  "for  cause."
                    "Cause" for  termination  by the Company  shall  include but
                    shall not be limited to,

                           (1)      EMPLOYEE'S  FAILURE OR REFUSAL TO PERFORM TO
                                    THE REASONABLE  satisfaction  of the Company
                                    any  duty  or  task   required   hereby   or
                                    delegated   to  him   consistent   with  his
                                    position and duties as enumerated herein;

                           (2)      Employee's failure or refusal to observe and
                                    keep any and all covenants or obligations on
                                    his part to be  performed  or kept under the
                                    terms  of this  Employment  Agreement  or as
                                    required  by other work  rules,  policies or
                                    guidelines from time to time  established by
                                    the Company and communicated, in writing, to
                                    Employee  and/or the Company's  employees in
                                    general;

                           (3)      the breach  by  Employee  of  fiduciary duty
                                    involving personal profit;

                           (4)      Employee's willful violation of law, rule or
                                    regulation (other than traffic violations or
                                    similar offenses) or final  cease-and-desist
                                    orders or any crime of moral turpitude;

                           (5)      theft, embezzlement, diversion,appropriation
                                    or   other   misapplication  of  the Company
                                    funds, accounts or confidential information;

                           (6)      dishonesty,  incompetence,  habitual neglect
                                    or willful misconduct of Employee;

                           (7)      drug, alcohol or other substance abuse; or

                           (8)      Employee's permanent disability.

                                       -5-

<PAGE>

                    For the purposes  hereof,  Employee  shall be deemed to have
                    become  permanently  disabled  if,  during  any  consecutive
                    twelve (12) month period, because of ill health, physical or
                    mental  disability,  or for other causes beyond his control,
                    he shall have been continuously unable or unwilling or shall
                    have  failed  to  have   performed  his  duties  under  this
                    Agreement for ninety (90)  consecutive  days, or, if, during
                    any such twelve (12) month period, he shall have been unable
                    or  unwilling or shall have failed to perform his duties for
                    a total period of ninety (90) days,  either  consecutive  or
                    not.  If  Employee  is to be  terminated  for  cause,  under
                    7.A.(1) above, the Company will, prior to such  termination,
                    give  Employee  a sixty  (60) day period in which to cure or
                    remedy  the  cause  for  termination.  If at the end of such
                    sixty  (60)  day  period,  the  Employee  has not  cured  or
                    remedied the cause for termination to the full  satisfaction
                    of the Company,  the Employee may be immediately  terminated
                    without any additional  notice.  The Company may elect,  but
                    shall not be obligated, to extend beyond sixty (60) days the
                    period during which  Employee shall be entitled to remedy or
                    cure the cause for termination;  provided,  however, that no
                    such extension  shall preclude the Company from  terminating
                    Employee  at any time  after  such  sixty  (60)  day  period
                    without further notice.

                 B. In the event that the  Company  should  ever  terminate  the
                    employment of Employee for what the Company  asserts is "for
                    cause" and it is later  determined  by a court of  competent
                    jurisdiction  in a judgment  which is or  becomes  final and
                    non-appealable  that such  termination  was not "for cause,"
                    then the maximum  liability of the Company to Employee shall
                    be the amount which the Company  would  otherwise  have been
                    required to pay to Employee had the  employment  of Employee
                    been  terminated  for a reason  other than "for cause" under
                    Paragraph 7.C below.

                 C. Where this Agreement is terminated for any reason other than
                    "for cause," then the following shall apply:

                           (1)      If  this  Agreement  is  terminated  by  the
                                    Company for a reason other than "for cause",
                                    then the Company  shall be  obligated to (i)
                                    pay to Employee a cash payment in the amount
                                    of three  months  salary  (such salary to be
                                    computed  on the  basis of three  times  the
                                    then  current   monthly  salary  being  paid
                                    pursuant  to  Paragraph  5  hereof)  and  to
                                    receive  all  bonuses  and   overrides   due
                                    through the end of the third month from date
                                    of   termination;   and   (ii)   cause   all
                                    contributions   made  with  respect  to  any
                                    pension and/or  retirement plan with respect
                                    to Employee to fully and indefeasibly  vest;
                                    and (iii)  cause  Employee to continue to be
                                    covered by all employee  benefit  plans then
                                    being maintained by the Company (referred to
                                    in  Paragraph 5 hereof) for a period  ending
                                    on the first to occur of (y) the  expiration
                                    of the third month from the  effective  date
                                    of termination,  or (z) the  commencement by
                                    Employee  of  full-time  employment  with  a
                                    different employer.

                           (2)      If this Agreement is terminated by Employee,
                                    then  the  Company  shall  have  no  further
                                    obligations  hereunder  except  to pay  such
                                    compensation  and  other  benefits  as  have
                                    accrued  prior  to  the  effective  date  of
                                    termination.

         8.  COVENANT NOT TO COMPETE.  Employee  hereby  agrees,  covenants  and
warrants,  for a period  of one year  from  the  expiration  of the term of this
Employment Agreement, or one year after termination,  whichever is earlier, that
he shall not, within any market,  area or territory served by the Company or the
surviving  entity of such  Company's  present  offices or those it may hereafter
open,

                                       -6-

<PAGE>

directly or indirectly,  solicit,  contract,  contact or consult with any of the
customers  or  accounts  of the  Company or those  known to be in pursuit by the
Company at the time of  Employee's  termination  or become the  employee  of, or
otherwise  render  services  to,  any  enterprise  which  competes  directly  or
indirectly with the customers or accounts of the Company or those known to be in
pursuit by the Company at the time of Employees' termination.

         Employee further agrees that such limitations as to the period of time,
geographic area and types and scopes of restriction on his activities  specified
herein are reasonable and necessary for the protection of the goodwill and other
business interests of the Company. However, should either the time period or the
geographic  area  provided  herein be deemed  invalid  or  unenforceable  in any
respect,  then Employee recognizes and agrees that a modification may be made to
such time period or  geographic  area to protect the Company with respect to the
purpose of this covenant not to compete.

         Employee  recognizes  and  agrees  that  any  violation  of  any of the
provisions  contained  herein will cause such damage or injury to the Company as
would be  irreparable  and  continuing  and that the exact amount of such damage
might be difficult or impossible to ascertain and that,  for such reason,  among
others,  the Company shall be entitled,  as a matter of course,  to recover from
Employee  an amount  equal to five  percent  (5%) of the gross  billings  of the
Company's  former client,  as billed by the Employee,  his new employer,  or any
other person or entity wrongfully  acquiring the Company's client,  and also the
Company  shall  be  entitled  to an  injunction  from  any  court  of  competent
jurisdiction  restraining any further violation of this covenant not to compete.
Such right to any injunction  shall be in addition to, and not in limitation of,
any other rights and remedies the Company may have against  Employee,  including
the right to recover damages for any breach of this covenant or other provisions
of this  Agreement.  Should it become  necessary  for the Company to enforce the
terms of this Agreement through injunctive or other proceedings, Employee hereby
waives any and all claims, counterclaims or other causes of action assertable by
them  against the  Company,  including,  but not  limited  to,  claims that this
Agreement violates the Florida Free Enterprise and Antitrust Act.

         9. ASSIGNMENT OF AGREEMENT.  The Company may assign this Agreement (and
this Agreement shall be deemed assigned)  without the consent of the Employee in
connection with any merger of the Company with or into any other  institution or
entity;  any other  assignment of this Agreement by the Company may be made only
with the written consent of Employee;  in the event of any such assignment,  all
covenants, conditions and provisions hereunder shall inure to the benefit of and
be  enforceable  by or against the  successors  and assigns of the Company.  The
rights and obligations of Employee under this Agreement are personal to him, and
no such  rights,  benefits  or  obligations  shall be  subject to  voluntary  or
involuntary alienation, assignment or transfer.

         10. NOTICE. Any notice given under this Agreement to either party shall
be given in writing.  Any such notice shall be deemed to be given when mailed to
any such party by registered or certified mail,  postage  prepaid,  addressed to
such party at the respective addresses set out below, or at such other addresses
as  either  party  may  hereafter  designate  (by  written  notice  provided  in
accordance with this paragraph) as its address for purposes of notice hereunder:

                  Employee:
                  ADDRESS:                        FORT LAUDERDALE, FLORIDA 77055
                                             -----------------------------------

                  The Company:
                  Address:                           2701 East Oakland Park Blvd
                                                 FORT LAUDERDALE, FLORIDA  77040
                                            ------------------------------------

                                                      -7-

<PAGE>

         11.    WAVIER OF BREACH.  The wavier by either party of a breach of any
provision(s) of this Agreement shall  not operate or be construed as a waiver of
any subsequent breach of the same or any other provision(s) of this Agreement.

         12.   ENTIRE  AGREEMENT.  This instrument contains the entire agreement
of  the  parties.  No affirmation,  representation,  covenant  or agreement  not
expressed herein shall be binding on eitherparty.

         13.  AMENDMENT.  This Agreement may be changed,  modified or amended at
any time and in any respect by the agreement of the parties  hereto  without the
consent of any other person; provided,  however, that no change, modification or
amendment  shall be binding unless same shall have been reduced to a writing and
signed by the party  against whom  enforcement  of the change,  modification  or
amendment is sought.

         14.    APPLICABLE LAW.  The parties intend and agree that the terms and
provisions of this Agreement  and the performance of the parties hereunder shall
be governed by the laws of the State of Florida.

         15.   SEVERABILITY.  In the event that any portion(s) of this Agreement
is declared to be invalid or illegal by final judgment of any court of competent
jurisdiction,  the remainder of this Agreement  shall  remain  in full force and
effect notwithstanding the invalidity or illegality of the other portion(s).

         16.  MULTIPLE COUNTERPARTS.  This Agreement may be executed in multiple
counterparts,  each of which shall be an original,  but all of which,  together,
shall constitute one and the same instrument.

         EXECUTED in multiple  counterparts at Fort Lauderdale,  Florida on this
__________ day of _______________, 2000, but with an effective date as set forth
herein.

                                          COMPANY:

                                          Home Realty and Investment Corp., Inc.

                                          By:
                                          Name:
                                          Title:

                                          EMPLOYEE:

                                          Peter Leon

                                       -8-

                     FIRST ADDENDUM TO EMPLOYMENT AGREEMENT
                  BETWEEN HOMESREALTY & INVESTMENTS CORP., INC.
                                 AND PAUL RUBEO

   COMPANY: HOMESREALTY & INVESTMENTS CORP., INC.

   EMPLOYEE: PAUL RUBEO

         1. INCONSISTENCIES;  DEFINITIONS.  This Addendum shall be deemed a part
of the  Employment  Agreement  of  even  date  herewith  between  HOMESREALTY  &
INVESTMENTS  CORP., a Florida  corporation and PAUL RUBEO of even date herewith.
In the  event of any  inconsistency  between  the terms  and  provisions  of the
Contract  and the  terms of this  Addendum,  the terms  and  provisions  of this
Addendum shall control and prevail.  All  definitions  defined in the Employment
Agreement shall apply to this Addendum.

         2. THE  FOLLOWING  LANGUAGE  IS  HEREBY  ADDED  TO  PARAGRAPH  1:  This
Employment  Agreement is executed  simultaneously with that certain Purchase and
Sale Agreement for Purchase of Stock by and between  HomesRealty and Investments
Corp. and E-Pawn.Com,  Inc (hereinafter,  the "Stock Purchase  Agreement").  The
Stock Purchase Agreement is incorporated herein by reference.  In the event of a
conflict in terms  between  this  Employment  Agreement  and the Stock  Purchase
Agreement,  the  terms and  provisions  of the Stock  Purchase  Agreement  shall
prevail.

         3.  PARAGRAPH 4(A) IS HEREBY MODIFIED AS FOLLOWS: The Effective Date of
this Agreement shall be June 1, 2000.

         4.  PARAGRAPH  4(C)  IS  HEREBY   MODIFIED  AS  FOLLOWS:   The  phrase,
"substantial  part" as used in this paragraph shall mean to the extent of thirty
(30%) percent or more. In addition,  the  following  language  shall be added to
this paragraph:

         "Notwithstanding  the  termination  of this  Agreement  pursuant to the
         terms  of  this  paragraph,  E-Pawn.Com,  Inc.  shall  nevertheless  be
         obligated  to perform  all of its  obligations  contained  in the Stock
         Purchase Agreement,  including but not limited to payment of all of the
         purchase consideration described therein."

         5. THE FOLLOWING  LANGUAGE IS HEREBY ADDED TO PARAGRAPH  5(A): The base
monthly  salary  described  herein shall be paid  bi-weekly  with payments to be
received by the Employee on the first and fifteenth days of each calendar month.

         6.  THE  FOLLOWING  LANGUAGE  IS  HEREBY  ADDED TO  PARAGRAPH  5(C)(2):
Notwithstanding the foregoing, "reasonable business expenses" shall be deemed to
include all business expenses common to a real estate brokerage business in Fort
Lauderdale, Florida.

                                        1

<PAGE>

         7.   PARAGRAPH 7(A) OF THE AGREEMENT IS HEREBY MODIFIED AS FOLLOWS:

                  Notwithstanding   any  provision  of  this  paragraph  to  the
contrary,  the Company shall provide  written  notice of its intent to terminate
the Agreement for the following:

                  (a)      Employee's  failure  or  refusal  to  perform  to the
                           reasonable  satisfaction of the Company,  any duty or
                           task required  hereby or delegated to him  consistent
                           with his position and duties as enumerated herein;

                  (b)      Employee's failure or refusal to observe and keep any
                           and all  covenants or  obligations  on his part to be
                           performed or kept under the terms of this  Employment
                           Agreement   or  as  required  by  other  work  rules,
                           policies or guidelines from time to time  established
                           by the  Company  and  communicated,  in  writing,  to
                           Employee and/or the Company's employees in general;

                  (c)      Incompetence.

                  Upon  receipt of such Notice of  Termination,  Employee  shall
have sixty (60) calendar days to cure the deficiency which is the subject of the
Notice of Termination.  In the event the cure cannot  reasonably be accomplished
within  the  sixty  (60) day  period  described  herein,  Employee  shall not be
terminated if he commences a cure of the deficiency upon receiving the Notice of
Termination  and  works  diligently  to  complete  a  cure  of  the  deficiency.
Notwithstanding  the  termination  of this  Agreement for any reason  whatsoever
pursuant to this paragraph  (whether "for cause" or not for cause),  E-Pawn.Com,
Inc. shall nevertheless be obligated to perform all of its obligations contained
in the Stock Purchase Agreement,  including but not limited to payment of all of
the purchase consideration described therein.

         8.  THE FOLLOWING LANGUAGE IS HEREBY ADDED TO PARAGRAPH 7(B):

         "In addition, E-Pawn.Com, Inc. shall be obligated to perform all of its
         obligations  contained in the Stock Purchase  Agreement,  including but
         not limited to payment of all of the purchase  consideration  described
         therein."

         9.  PARAGRAPH 7(C)(1) IS DELETED AND REPLACED BY THE FOLLOWING:

         "If this Agreement is terminated by the Company for a reason other than
         "for cause", then the Company shall be obligated to (i) pay to Employee
         an amount equal to  Employee's  base monthly  salary,  plus bonuses and
         overrides,  all of which would be due and owing to Employee through and
         including the second  anniversary of the  Agreement,  which sum may, at
         the option of the Company, be paid in bi-weekly installments or in lump
         sum;  (ii) cause all  contributions  made with  respect to any  pension
         and/or   retirement   plan  with  respect  to  Employee  to  fully  and
         indefeasibly  vest;  and (iii) at the cost and expense of the  Company,
         cause Employee to continue to be covered by all employee  benefit plans
         then being maintained by the Company (referred

                                        2

<PAGE>

         to in Paragraph 5 hereof) for a period  ending on the first to occur of
         (y)  the  expiration  of the  second  anniversary  of the  date  of the
         Agreement,  or (z) the commencement by Employee of full time employment
         with a different employer having a comparable  employee benefit plan as
         is then maintained by the Company. In addition, E- Pawn.Com, Inc. shall
         be obligated to perform all of its  obligations  contained in the Stock
         Purchase Agreement,  including but not limited to payment of all of the
         purchase consideration described therein."

                  10.    THE FOLLOWING LANGUAGE SHALL BE ADDED TO THE EMPLOYMENT
                         AGREEMENT:

         In the event Employee dies during the term of this Agreement,  Employer
         shall pay to Employee's  Estate any salary,  bonuses  and/or  overrides
         accrued but unpaid as of the date of his death.

         IN WITNESS  WHEREOF,  the parties hereto set their hands and seals this
         _______ day of June, 2000.

                                                       EMPLOYER:

                                                HOMESREALTY & INVESTMENTS CORP.,
                                                a Florida corporation

________________________________                By:____________________________

                                                       EMPLOYEE:

--------------------------------                   -----------------------------
                                                       PAUL RUBEO

                        RATIFICATION BY E-PAWN.COM, INC.

     E-PAWN.COM,  INC. hereby ratifies,  adopts and agrees to vote its shares of
the Company's  stock to require the Company to perform all of its obligations in
the above and foregoing Employment  Agreement and for E-Pawn.com,  Inc. to carry
our its obligations as they are stipulated in the Employment Agreement.

                                                     E-PAWN.COM, INC.,
                                                     a Nevada corporation

                                                     By:________________________

                                        3

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