Document:

THIS EXCHANGE AGREEMENT made and effective as of July 5, 1999.

                                   A WARRANTS

     BETWEEN:  ACREX VENTURES LTD., a body corporate,  incorporated  pursuant to
the laws of the Province of British Columbia and having its registered office at
1710 - 1177 West Hastings Street, in the City of Vancouver,  Province of British
Columbia, V6E 2L3, Canada

     (hereinafter referred to as "Acrex")
                                                               OF THE FIRST PART
AND:

     VOICE MOBILITY  INTERNATIONAL,  INC., a body corporate,  incorporated under
the laws of the State of Nevada,  United States of America,  having an office at
Suite  220,  2100  West  Orangewood  Avenue,  in the  City of  Orange,  State of
California, 92868-1950, United States of America

            (hereinafter referred to as the "Issuer")

                                                              OF THE SECOND PART
AND:

     The person,  company or other entity  described as "Subscriber" on the last
page of this Agreement

     (hereinafter referred to as "Subscriber")

                                                               OF THE THIRD PART
WHEREAS:

A.   Subscriber  has signed a  Subscription  Agreement  with  Acrex (the  "Acrex
     Agreement")  pursuant  to which  Subscriber  paid to Acrex the  amount  (in
     Canadian  funds)  shown  opposite  the  Subscriber's  name on the last page
     hereof ("Subscription Amount") for securities of Acrex;

B.   Acrex has not obtained the approval of the Acrex Agreement by the Vancouver
     Stock  Exchange and therefore  wishes to be relieved of its  obligations to
     Subscriber.

C.   The Subscription  Amount was loaned by Acrex to Voice Mobility Inc. ("VMI")
     on  terms  which  make VMI  responsible  to repay  the  said  amount  (such
     obligation being herein described as the "Debt");

D.   The Subscriber wishes to acquire rights to purchase voting common shares of
     the Issuer ("Shares").

E.   The  Parties  are agreed that VMI's  obligation  to repay the  Subscription
     Amount be  assigned  by Acrex to the  Issuer to be applied by the Issuer as
     hereinafter provided;

     NOW  THEREFORE  in  consideration  of the premises  and the  covenants  and
agreements hereinafter contained, the parties agree as follows:

1.   Acrex hereby assigns and transfers the Debt to the Issuer.

2.   Subscriber  agrees to the assignment of the Debt by Acrex to the Issuer and
     hereby  remises,  releases  and forever  discharges  Acrex from any further
     liabilities,  obligations or commitments  whatsoever that exist or might be
     alleged to exist pursuant to the Acrex  Agreement.  The Subscriber  further
     agrees that the delivery to Acrex of a copy of this  Agreement  showing the
     execution  of it by the  Subscriber  shall be proof to Acrex of the release
     herein given to it by the Subscriber.
<PAGE>

3.   The Issuer agrees,  in satisfaction of its obligations under the Debt, that
     Subscriber  shall  have  the  non-cancellable  rights  (hereinafter  called
     "Warrants"  or "A"  Warrants) to purchase up to the number of Shares in the
     capital of the Issuer set opposite  Subscriber's  name on the final page of
     this Agreement, on the following basis:

     (a)  the Warrants may be exercised by  Subscriber  in whole or in part from
          time to time;

     (b)  Subscriber may exercise  Warrants by giving a notice to such effect to
          the Issuer and sending payment of the appropriate  amounts of money to
          the Issuer;

     (c)  the Warrants will be  exercisable at and for a price of $0.35 (US) per
          share on or before December 29, 2000;

     (d)  the  Shares  which  Subscriber  shall  receive  upon the  exercise  of
          Warrants  shall be common  shares in the capital of the Issuer as they
          are constituted as of the date hereof;  PROVIDED THAT if subsequent to
          this date,  there shall be any  alteration in the voting common shares
          of the  Issuer  other  than an  increase  or  decrease  in the  number
          authorized or issued,  the shares which  Subscriber  will receive upon
          the  exercise  of  Warrants  will be shares  of the same  class as are
          equivalent to the shares of the Issuer which  Subscriber would receive
          if it exercised Warrants on the date of this Agreement;

     (e)  if  Subscriber  exercises  Warrants  and its  payments  therefore  are
          cleared  into the  account of the  Issuer,  the Issuer  shall  cause a
          certificate  for the  appropriate  number of  Shares  to be  forthwith
          issued and delivered to Subscriber; and

     (f)  the Shares issued to  Subscriber  pursuant to the exercise of Warrants
          will be issued to it as fully paid and  non-assessable  shares free of
          liens, but they will be subject to such trading restrictions as may be
          applicable to them from time to time pursuant to the  securities  laws
          of the United States of America and of the Province of Canada in which
          the Subscriber resides.

4.   Neither the  Warrants,  nor the Shares that will be issued  pursuant to the
     exercise  of  Warrants,  have  been  registered  under  the  United  States
     Securities Act of 1933 ("Securities Act") or any applicable securities laws
     of any  State of the  United  States  of  America,  and will be  issued  to
     Subscriber  pursuant to an exemption from registration under the Securities
     Act provided by Rule 504  thereunder  and pursuant to prospectus  exemption
     provisions  in the  securities  laws of the  Province  in which  Subscriber
     resides.

5.   The Issuer covenants and warrants in favour of Subscriber that:

     (a)  it is a  corporation  duly  incorporated  pursuant  to the laws of the
          State of Nevada, United States of America, and is in good standing and
          in full  satisfaction of all of its  obligations  pursuant to the laws
          and regulations of the said State;

     (b)  The shares of the Issuer are  traded on the  National  Association  of
          Securities  Dealers'  Over The Counter  Bulletin  Board ("BB") and the
          Issuer  is  in  full   compliance   with  all  applicable   rules  and
          requirements of the NASD;
<PAGE>

     (c)  the Issuer is  unrestricted in its right to enter into this agreement,
          and is not restricted from satisfying its obligations hereunder by the
          terms of any other agreement to which it is a party or any outstanding
          orders or judgments;

6.   Subscriber covenants and warrants in favour of the Issuer that:

     (a)  Subscriber is acquiring the Warrants for  Subscriber's own account and
          not for or on behalf of any other person;

     (b)  Subscriber  is  acquiring  the  Warrants  for  investment  and not for
          distribution or with the intent to divide  Subscriber's  participation
          with others;

     (c)  neither  Subscriber nor anyone acting on Subscriber's  behalf has paid
          any commission or other  remuneration to any person in connection with
          the acquisition of the Warrants; and

     (d)  Subscriber  will not sell the Warrants,  or the Shares received on the
          exercise of Warrants, without registration under the Securities Act or
          other  applicable  securities  laws or  regulations,  or an  exemption
          therefrom.

7.   Subscriber  undertakes  to execute or cause to be executed and delivered to
     the Issuer, and assist the Issuer in filing on a timely basis any report or
     undertaking  with  any  securities  commission,  stock  exchange  or  other
     regulatory  authority  which  may  be  required  by  applicable  securities
     legislation  and stock exchange rules in connection with its acquisition of
     the Warrants.

8.   All  covenants,  representations,  warranties and  indemnities  made herein
     shall survive the closing of this Agreement.

9.   The Parties hereto agree to do,  execute and deliver,  or cause to be done,
     executed and  delivered,  all such further  assignments,  documents,  acts,
     matters and things as,  from time to time,  may be  reasonably  required to
     give effect to this agreement and the obligations of the parties hereunder.

10.

     (a)  Subscribers residing in Canada shall have the rights of rescission and
          action  described  in its Offering  Memorandum  dated June 30, 1999 (a
          copy of which Subscriber hereby  acknowledges having received) and the
          various rights of rescission and action granted by the securities laws
          of the Provinces in which they reside,  and the provisions thereof are
          deemed to be included in this Agreement as though they were set out in
          full herein.

     (b)  All of the rights  referred to in  sub-clause  (a) are in addition to,
          and not in derogation  from, the rights of Subscriber  pursuant to the
          common law.

11.  Time shall be of the essence of this  agreement  and of each and every part
     hereof.

12.  This agreement may be executed in any number of  counterparts  and all such
     counterparts  taken together shall be deemed to constitute one and the same
     instrument.

13.  This agreement  shall be interpreted  according to the laws of the State of
     Nevada and the laws of the United States of America applicable therein.

<PAGE>

14.  Any  notice  which  is  required  to be given  hereunder  shall be given in
     writing and will be effectively given if the same is:

     (a)  delivered or mailed by prepaid  registered  or  certified  post to the
          address of the intended recipient set forth in this agreement;

     (b)  delivered to a director of an intended corporate recipient;

     (c)  sent be  telecopier  (fax) to the intended  recipient at the following
          numbers:

      Subscriber:       Number set forth on final page of this Agreement
      Issuer:           (604) 482-1169
      Acrex:            (604) 681-0139

     provided  that any  party  may give  notice  to the  other  parties  of new
     addresses or new fax numbers to be used for the purpose of this  provision.
     Any  notice  which is  delivered  shall be deemed to have been given on the
     date of delivery. Any notice which is sent by telecopier shall be deemed to
     be given on the first weekday  following the date upon which the telecopied
     message is  transmitted.  Any notice that is sent by prepaid  mail shall be
     deemed to have been given on the 5th weekday  after the date upon which the
     notice is mailed  from a Post  Office in  continental  Canada or the United
     States of America.

15.  None of the parties may assign any of their  rights  hereunder  without the
     prior  written  consent  of  the  other  parties,  such  consent  not to be
     unreasonably withheld.

16.  This  Agreement  shall  enure to the  benefit  of and be  binding  upon the
     parties hereto and their respective successors and permitted assigns.

     IN WITNESS  WHEREOF the parties  hereto  have caused this  agreement  to be
executed  by their duly  authorized  officers as and from the day and year first
above written.

ACREX VENTURES LTD.

Per:  /s/ W.E. Krebs
      -----------------------------
      W.E. Krebs - Secretary

VOICE MOBILITY INTERNATIONAL, INC.

Per:  /s/ J. Hutton
      -----------------------------
      J. Hutton - President

Subscriber:

----------------------------------------        ------------------
Signature                                       Shares
                                               $
----------------------------------------        ------------------
Name of Subscriber                              Amount paid Acrex

----------------------------------------

----------------------------------------
Address of Subscriber

----------------------------------------
Fax Number<PAGE>   1
                                                                    EXHIBIT 10.1

                        SETTLEMENT AND RELEASE AGREEMENT

        This Settlement and Release Agreement (this "Agreement") is hereby
entered into by and among Richard T. Harrison, an individual (the "Executive"),
Venture Catalyst Incorporated, formerly known as Inland Entertainment
Corporation, a Utah corporation (the "Company"), and Cyberworks, Inc., a
California corporation and a wholly-owned subsidiary of the Company
("Cyberworks").

                                    RECITALS

        WHEREAS, the Executive has been employed by the Company pursuant to an
Employment Agreement by and among the Company, Cyberworks and the Executive
dated as of August 27, 1998 (the "Employment Agreement"), serving as President
and Chief Operating Officer of Cyberworks, a Director of the Company and of
Cyberworks, and a member of the Executive Committee of the Company's Board of
Directors (the "Executive Committee");

        WHEREAS, the Executive, the Company and Cyberworks have determined that
it is in their mutual best interests that the Executive resign from his
positions as President and Chief Operating Officer of Cyberworks, a Director of
the Company and of Cyberworks, a member of the Executive Committee, and all
other positions that he holds with the Company and any other subsidiary or
related entity of the Company, without having to give the 60 day notice required
under the Employment Agreement; and

        WHEREAS, the Executive is the beneficial owner of 750,000 shares of
common stock of the Company.

                                    AGREEMENT

        NOW, THEREFORE, in consideration of the mutual promises contained herein
and for other good and valuable consideration, the receipt and adequacy of which
are hereby acknowledged, the parties hereby agree as follows:

        1. Unconditional Resignation. The Executive hereby voluntarily,
unconditionally and irrevocably resigns, pursuant to Sections 4.4 and 6 of the
Employment Agreement, as an employee, an officer, a director (including a member
of any committees of the Board of Directors) of the Company, Cyberworks, and any
other subsidiary or related entity of the Company, effective as of the date the
Executive signs this Agreement (the "Resignation Date"). The Company and
Cyberworks each accept
<PAGE>   2

such resignation and the Executive is relieved of all duties effective
immediately. Concurrently with the execution of this Agreement, the Executive
shall execute a separate letter of resignation in a form acceptable to the
Company. In connection with such resignation, the Company and Cyberworks each
hereby waives the Executive's compliance with the notice provision of Section
4.4 of the Employment Agreement.

        2. Compensation, Expenses, Vacation Pay and Other Benefits Through the
Resignation Date. The Company and/or Cyberworks shall pay to the Executive
within 72 hours of notice of the Resignation Date (a) the current portion of his
salary earned by him, (b) documented expense reimbursement of $11,333.16 owed to
him and (c) any accrued and unused vacation pay earned by him ($8,769.23,
representing 10 days), in each case, through the Resignation Date. The Executive
acknowledges and agrees that the payment of the foregoing salary, expenses and
vacation pay through the Resignation Date constitutes full payment of any and
all monies that he earned or that is owed to him during his employment by the
Company and/or Cyberworks through the Resignation Date.

        3. Company Property. With the exception of the computer equipment
referenced in Section 6(b) herein, on the Resignation Date, the Executive shall
return to the Company and/or Cyberworks all property of the Company and/or
Cyberworks in the Executive's possession, including, but not limited to, that
certain 1999 Mercedes S420 Sedan automobile. In addition, within one business
day after the Resignation Date, the Executive shall relinquish his membership in
the Del Mar Country Club. In addition, the parties have agreed on a list of
personal property owned by the Executive that he shall be entitled to remove
from the Company's premises; that list shall be initialed by the parties and
become a part of this Agreement.

        4. COBRA Benefits. The Executive (or any of his eligible dependents) may
elect to continue to participate in any of the Company's or Cyberworks' group
health insurance plans pursuant to COBRA, 29 U.S.C. Section 1161, et seq.
Nothing in this Agreement is intended to alter the terms of COBRA in any way and
those terms shall remain applicable in all respects.

        5. Continuation of Benefits After the Resignation Date. Except as
expressly provided in this Agreement or in the plan documents governing the
Company's or Cyberworks' employee benefit plans, as of the Resignation Date, the
Executive will no longer be eligible for, receive, accrue, or participate in any
other benefits or benefit plans provided by the Company and/or Cyberworks,
including, without limitation, medical, dental and life insurance benefits, a
car allowance and the Company's or Cyberworks' 401(k) retirement plan; provided,
however, that health care coverage for the Executive and the Executive's
dependents may be continued under COBRA for as long as the

                                      -2-
<PAGE>   3

Executive is eligible for such coverage and so long as the Executive pays the
required premiums.

        6. Severance Benefits After the Resignation Date. Notwithstanding his
voluntary resignation, the Company and/or Cyberworks shall provide, as severance
benefits, the following benefits to the Executive after the expiration of the
date that the period of revocation under Section 11(c) of this Agreement has
lapsed without exercise and after the Executive's spouse executes the Spousal
Consent in the form presented to the Executive by the Company (the "Settlement
Date").

                (a) Automobile Related Payment. The Company and/or Cyberworks
shall pay to the Executive twenty-seven thousand two hundred forty-one dollars
and ninety-eight cents ($27,241.98) in cash related to nonaccountable automobile
benefits.

                (b) Computer Equipment. The Company and/or Cyberworks, as the
case may be, shall transfer to the Executive title to the computer equipment
described in Schedule 1 hereto.

                (c) Call Agreement; Cash Payment. The Company and the Executive
shall enter into a Call Agreement on the Settlement Date, pursuant to which the
Executive shall grant to the Company the right and option (the "Call Option") to
require the Executive to sell to the Company all or part of the shares of the
Company's common stock subject to the Call Agreement at an exercise price of
$2.50 per share. The Call Option shall be exercisable in accordance with the
provisions of the Call Agreement at any time on or after the Settlement Date
until two years from the Settlement Date. As additional consideration for the
Executive's entering into the Call Agreement, the Company and/or Cyberworks
shall pay the Executive twenty thousand dollars ($20,000) in cash on the
Settlement Date.

                (d) Noncompetition Agreement. The Company, Cyberworks and the
Executive shall amend and restate that certain Noncompetition Agreement dated
August 27, 1998 by and among the Company, Cyberworks and the Executive (the
"Noncompetition Agreement") as set forth in Exhibit A attached hereto.

                (e) Future Employment for the Executive. Subject to the terms of
the Noncompetition Agreement, as amended and restated, the Company and
Cyberworks will consent to the Executive's employment by Working Woman Network,
Inc. and Working Woman Internet, Inc. (collectively, "Working Woman"). In
addition, notwithstanding Section 2 of the Noncompetition Agreement, as amended
and restated, on or after the Settlement Date, the Company and Cyberworks shall
permit the Executive to solicit and/or hire Charles Gillespie as an employee of
Working Woman.

                                      -3-
<PAGE>   4

        The payments and benefits set forth in this Section 6 are, from and
after the Settlement Date, the Executive's only right to compensation from the
Company and any of its parents, direct or indirect subsidiaries, divisions or
related entities (collectively referred to herein as the "Company and its
Related Entities").

        7. Status of Related Agreements and Future Employment.

                (a) Noncompetition Agreement. The Company, Cyberworks and the
Executive hereby acknowledge and agree that the Noncompetition Agreement, as
amended and restated, shall remain in full force and effect.

                (b) Employment Agreement and Confidentiality Agreement. Although
the Employment Agreement was terminated by the Executive on the Resignation
Date, the Executive acknowledges that the duties and obligations set forth in
Sections 8, 9 and 10 of the Employment Agreement, together with the related
Confidentiality Agreement, extend beyond the Resignation Date.

        8. General Release by the Executive. The Executive, for himself and his
heirs, executors, administrators, assigns, affiliates, successors and agents
(collectively, the "Executive's Affiliates") hereby fully and without limitation
releases and forever discharges the Company and its Related Entities and its and
their agents, representatives, shareholders, owners, officers, directors,
employees, consultants, attorneys, auditors, accountants, investigators,
affiliates, successors and assigns (collectively with the Company, the
"Releasees"), both individually and collectively, from any and all rights,
claims, demands, liabilities, actions, causes of action, damages, losses, costs,
expenses and compensation, of whatever nature whatsoever, known or unknown,
fixed or contingent ("Claims"), which the Executive or any of the Executive's
Affiliates has or may have or may claim to have against the Releasees by reason
of any matter, cause, or thing whatsoever, from the beginning of time to the
date hereof, including, without limiting the generality of the foregoing, any
Claims arising out of, based upon, or relating to the recruitment, hire,
employment, relocation, remuneration, investigation, or termination of the
Executive by any of the Releasees, the Executive's tenure as a Director of any
of the Releasees, any agreement or compensation arrangement between the
Executive and any of the Releasees (including, but not limited to, the
Employment Agreement), or any act or occurrence in connection with any actual,
existing, proposed, prospective or claimed ownership interest of any nature of
the Executive or the Executive's Affiliates in equity capital or rights in
equity capital or other securities of any of the Releasees to the maximum extent
permitted by law.

        The Executive specifically and expressly releases any Claims arising out
of or based on the California Fair Employment and Housing Act, as amended; Title
VII of the Civil Rights Act of 1964, as amended; the Americans With Disabilities
Act; the

                                      -4-
<PAGE>   5

National Labor Relations Act, as amended; the Equal Pay Act; ERISA; any
provision of the California Labor Code; California common law of fraud,
misrepresentation, negligence, defamation, infliction of emotional distress, any
breach of contract or covenant claim, any tort claim, any violation of public
policy or wrongful termination; state or Federal wage and hour laws; or any
other state or Federal law, rule, or regulation dealing with the employment
relationship.

        The Executive is aware of California Civil Code Section 1542, which
provides as follows:

        A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR
        DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF
        EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE
        MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR.

With full awareness and understanding of the above provision, the Executive
hereby waives any rights he may have under California Civil Code Section 1542.

        9. Release of Federal Age Discrimination Claims by the Executive. The
Executive hereby knowingly and voluntarily waives and releases all rights and
claims, known or unknown, arising under the Age Discrimination In Employment Act
of 1967, as amended, which he might otherwise have had against the Company or
any of the Releasees regarding any actions which occurred prior to the effective
date of this Agreement.

        10. Breach of Release. The Executive agrees that if he hereafter
commences, joins in, or in any manner seeks relief through any suit arising out
of, based upon, or relating to any of the Claims released by the Executive
hereunder, or in any manner asserts against any of the Releasees any of the
Claims released by the Executive hereunder, the Executive shall pay to such
Releasee(s), as the case may be, in addition to any other damages caused to such
Releasee, as the case may be, all attorneys' fees incurred in defending or
otherwise responding to said suit or claim.

        11. Rights Under the Older Workers Benefit Protection Act. In accordance
with the Older Workers Benefit Protection Act of 1990, the Executive is aware of
the following:

                (a) The Executive has the right to consult with an attorney
before signing this Agreement and is hereby advised by the Company and/or
Cyberworks to do so;

                                      -5-
<PAGE>   6

                (b) The Executive has twenty-one (21) days from December 17,
1999, to consider this Agreement; and

                (c) The Executive has seven (7) days after signing this
Agreement to revoke Sections 6 and 9 of this Agreement (which must be revoked in
their entirety and as a group), and such Sections of this Agreement (as a group)
will not be effective until that revocation period has expired without exercise.
The Executive agrees that in order to exercise his right to revoke this
Agreement within such seven (7) day period, he must do so in a signed writing
delivered to the Company's Chief Executive Officer before the close of business
on the seventh calendar day after the Resignation Date. If the Executive does
not revoke the above-referenced Sections of this Agreement, the General Releases
set forth in Section 8 herein shall have as their new effective date the date
that the period of revocation under Section 11(c) of this Agreement has lapsed.

        12. Confidentiality of Agreement. The Executive acknowledges that this
Agreement and certain related agreements may have to be disclosed in the
Company's reports filed with the U.S. Securities and Exchange Commission. Except
as may be required by law, neither the Executive, his attorney, nor any person
acting by, through, under or in concert with them, shall disclose any of the
terms of or facts relating to this Agreement (other than to state that the
Company has filed this Agreement and/or agreements related thereto as public
documents) or the negotiation thereof to any individual or entity, except for
disclosures made among the Executive, his attorney, spouse, children or tax
advisors. The Executive further agrees that under no circumstances will he
induce, encourage, solicit or assist any other person or entity to file or
pursue any proceeding of any kind against the Releasees.

        13. Proprietary Information. The Executive acknowledges that certain
information, observations, and data obtained by him during the course of or
related to his employment with the Company and its Related Entities (including,
without limitation, certain financial information, shareholder information,
product design information, business plans, marketing plans or proposals,
personnel information, customer lists and other customer information) are the
sole property of the Company and its Related Entities and constitute trade
secrets of the Company and its Related Entities. The Executive agrees to
promptly return all files, customer lists, financial information and other
property of the Company and its Related Entities that are in the Executive's
possession or control without making copies thereof. The Executive further
agrees that he will not disclose to any person or use any such information,
observations or data without the written consent of the Company's Board of
Directors. Further, the Executive acknowledges that any unauthorized use of
trade secrets will cause irreparable harm to the Company and its Related
Entities and will give rise to an immediate action by the Company and/or its
Related Entities for injunctive relief. If Executive is served with a deposition
subpoena or other legal process calling for the disclosure of such information,
or if he is contacted by

                                      -6-
<PAGE>   7

any third person requesting such information, he will immediately notify the
Company's Chief Financial Officer and will fully cooperate with the Company in
minimizing the disclosure thereof.

        14. Unfair Competition. In addition to the provisions under the
Noncompetition Agreement in its form on this December 17, 1999 or as amended and
restated:

                (a) The Executive agrees not to (whether as an employee,
director, owner, stockholder, consultant, limited or general partner, or
otherwise), for himself or for any other person or entity, engage in any unfair
competition with the Company and its Related Entities.

                (b) The Executive also covenants and agrees not to intentionally
interfere with, disrupt, or attempt to disrupt, the relationship, contractual or
otherwise, between the Company, any of its Related Entities and any of its/their
customers, employees or suppliers as of the Resignation Date. Notwithstanding
anything to the contrary, with respect to this subparagraph (b) of this Section
14, during the term of the Noncompetition Agreement, as amended and restated,
nothing herein shall be construed or interpreted to be less inclusive than
Sections 2 and 3 of the Noncompetition Agreement, as amended and restated.

                (c) The Executive acknowledges that any unfair competition or
misuse of trade secret or proprietary information belonging to the Company and
its Related Entities, or any violation of Sections 12 through 14 of this
Agreement, will result in irreparable harm to the Company and/or its Related
Entities and will give rise to an immediate action by the Company and its
Related Entities for injunctive relief.

        15. Cooperation Clause.

                (a) The Executive agrees to cooperate with the Company and its
Related Entities and its or their counsel (i) in any investigations (including
internal investigations) and audits of the Company's or any of its Related
Entities' management's current and past conduct and business and accounting
practices and (ii) in the Company's defense of, or other participation in, any
administrative, judicial, or other proceeding arising from any charge, complaint
or other action which has been or may be filed relating to the period during
which the Executive was engaged in employment with the Company and/or its
Related Entities. Except as required by law or authorized in advance by the
Company's Board of Directors, the Executive will not communicate, directly or
indirectly, with any third party concerning the management or governance of the
Company and/or its Related Entities, the operations of the Company and/or its
Related Entities, the legal positions taken by the Company and/or its Related
Entities, or the financial status of the

                                      -7-
<PAGE>   8

Company and/or its Related Entities. The Executive shall direct inquiries from
third parties on these issues to the Company. The Executive acknowledges that
any violation of this Section 15 will result in irreparable harm to the Company
and its Related Entities and will give rise to an immediate action by the
Company and/or its Related Entities for injunctive relief.

                (b) The Executive will not seek or accept employment by the
Company or its Related Entities at any time and if he does so, his application
need not be considered.

        16. Non-disparagement; Employment Reference. The Executive agrees not to
disparage or otherwise publish or communicate derogatory statements or opinions
about the Company and/or its Related Entities, its/their respective management,
products and services to any third party for a period of three (3) years after
the Resignation Date. It shall not be a breach of this Section 16 for the
Executive to testify truthfully in any judicial or administrative proceeding, or
to make factually accurate statements in legal or public filings. If any
prospective employers contact the Human Resources Director of the Company
concerning the Executive, they will be told that the Executive was employed by
Cyberworks and held other positions with the Company from August 27, 1998 until
he voluntarily resigned as of the Resignation Date.

        17. Remedies for Breach. Notwithstanding anything to the contrary
herein, if the Executive breaches his obligations under this Agreement, in
addition to whatever other rights the Company and/or its Related Entities may
have, the Executive shall forfeit his right to receive any further payments or
benefits under this Agreement.

        18. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of California, without giving effect to
principles of conflict of laws. The Company, Cyberworks and the Executive each
hereby agrees that all actions or proceedings arising directly or indirectly
hereunder, whether instituted by the Executive, the Company or Cyberworks, shall
be litigated in courts having situs within the State of California, County of
San Diego and the Executive, the Company and Cyberworks each hereby expressly
consents to the jurisdiction of any local, state or Federal court located within
said state and county, and consent that any service of process in such action or
proceeding may be made by personal service upon the Executive, the Company or
Cyberworks wherever the Executive, the Company or Cyberworks may be located,
respectively, or by certified or registered mail directed to the Executive at
his/its last known address. The Executive, the Company and Cyberworks each
hereby waives trial by jury, any objection based on forum non conveniens, and
any objection to venue of any action instituted hereunder.

                                      -8-
<PAGE>   9

        19. Attorneys' Fees. In any action, litigation or proceeding between the
parties arising out of or in relation to this Agreement, each party shall bear
its own costs and expenses, including reasonable attorneys' fees.

        20. Non-Admission of Liability. The Executive, the Company and
Cyberworks each understands and agrees that neither the payment of any sum of
money nor the execution of this Agreement by the parties will constitute or be
construed as an admission of any liability whatsoever by any party.

        21. Withholding Taxes; Tax Reporting. The Company and/or Cyberworks may,
if required in its reasonable judgment, withhold from any amounts payable under
this Agreement all such Federal, state, city and other taxes, and may file with
appropriate governmental authorities all such information returns or other
reports with respect to the tax consequences attendant to any amounts payable
under this Agreement, as may, in its reasonable judgment, be required by law.

        22. Severability. If any one or more of the provisions contained herein
(or parts thereof), or the application thereof in any circumstances, is held
invalid, illegal or unenforceable in any respect for any reason, the validity
and enforceability of any such provision in every other respect and of the
remaining provisions hereof will not be in any way impaired or affected, it
being intended that all of the rights and privileges shall be enforceable to the
fullest extent permitted by law.

        23. Entire Agreement. This Agreement represents the sole and entire
agreement among the parties and, except as expressly stated herein, supersedes
all prior agreements, negotiations and discussions among the Executive, the
Company and Cyberworks with respect to the subject matters contained herein.

        24. Waiver. No waiver by any party hereto at any time of any breach of,
or compliance with, any condition or provision of this Agreement to be performed
by any other party hereto may be deemed a waiver of similar or dissimilar
provisions or conditions at the same time or at any prior or subsequent time.

                                      -9-
<PAGE>   10

        25. Amendment. This Agreement may be modified or amended only if such
modification or amendment is agreed to in writing and signed by duly authorized
representatives of the parties hereto, which writing expressly states the intent
of the parties to modify this Agreement.

        26. Counterparts. This Agreement may be executed in one or more
counterparts, each of which will be deemed to be an original as against any
party that has signed it, but all of which together will constitute one and the
same instrument.

        27. Assignment. This Agreement inures to the benefit of and is binding
upon the Company and its successors and assigns, but the Executive's rights
under this Agreement are not assignable.

        28. Notice. All notices, requests, demands, claims and other
communications hereunder shall be in writing and shall be deemed to have been
duly given (a) if personally delivered; (b) if sent by telecopy, facsimile or
other electronic means; or (c) if mailed by overnight or by first class,
certified or registered mail, postage prepaid, return receipt requested, and
properly addressed as follows:

                   If to the Executive, to:

                             Richard T. Harrison
                             747 Golden Park Avenue
                             San Diego, California 92106
                             Fax:  (619) 239-5601, c/o Richard E. Sparber, Esq.
                             e-mail:  rsparber@sddowntown.sfprdom.sfpr.com

                   with a copy to:

                              Sparber, Ferguson, Ponder & Ryan
                              701 B Street, 10th Floor
                              San Diego, California 92101-8103
                              Attn:  Richard E. Sparber, Esq.
                              Fax:  (619) 239-5601
                              e-mail: rsparber@sddowntown.sfprdom.sfpr.com

                                      -10-
<PAGE>   11

                   If to the Company or Cyberworks, to:

                             Venture Catalyst Incorporated
                             16868 Via Del Campo Court, Suite 200
                             San Diego, California 92127
                             Attn:   Chief Financial Officer
                             Fax:  (858) 716-2101
                             e-mail:  kmcintosh@inld.com

                   with a copy to:

                             Paul, Hastings, Janofsky and Walker, LLP
                             695 Town Center Drive, 17th Floor
                             Costa Mesa, California 92626
                             Attn:  John F. Della Grotta, Esq.
                             Fax:  (714) 979-1921
                             e-mail:  jfdellagrotta@phjw.com

Such addresses may be changed, from time to time, by means of a notice given in
the manner provided above. Notice will conclusively be deemed to have been given
when personally delivered (including, but not limited to, by messenger or
courier); or if given by mail, on the date of delivery, if given by Federal
Express or other similar overnight service or on the third day after being sent
by first class, certified or registered mail; or if given by telecopy or
facsimile machine or other electronic media, when confirmation of transmission
is indicated by the sender's machine. Notices, requests, demands and other
communications delivered to legal counsel of any party hereto, whether or not
such counsel shall consist of in-house or outside counsel, shall not constitute
duly given notice to any party hereto.

        29. Miscellaneous Provisions.

                (a) The parties represent that they have read this Agreement and
fully understand all of its terms; that they have conferred with their
attorneys, or have knowingly and voluntarily chosen not to confer with their
attorneys about this Agreement; that they have executed this Agreement without
coercion or duress of any kind; and that they understand any rights that they
have or may have and sign this Agreement with full knowledge of any such rights.

                (b) The language in all parts of this Agreement must be in all
cases construed simply according to its fair meaning and not strictly for or
against any party. Whenever the context requires, all words used in the singular
must be construed to have been used in the plural, and vice versa, and each
gender must include any other

                                      -11-
<PAGE>   12

gender. The captions of the Sections of this Agreement are for convenience only
and must not affect the construction or interpretation of any of the provision
herein.

                (c) Each provision of this Agreement to be performed by a party
hereto is both a covenant and condition, and is a material consideration for the
other party's performance hereunder, and any breach thereof by the party will be
a material default hereunder. All rights, remedies, undertakings, obligations,
options, covenants, conditions and agreements contained in this Agreement are
cumulative and no one of them is exclusive of any other. Time is of the essence
in the performance of this Agreement.

                (d) Each party acknowledges that no representation, statement or
promise made by any other party, or by the agent or attorney of any other party,
has been relied on by him or it in entering into this Agreement.

                (e) Each party understands that the facts with respect to which
this Agreement is entered into may be materially different from those the
parties now believe to be true. Each party accepts and assumes this risk and
agrees that this Agreement and the release in it shall remain in full force and
effect, and legally binding, notwithstanding the discovery or existence of any
additional or different facts, or of any claims with respect to those facts.

                (f) Unless expressly set forth otherwise, all references herein
to a "day" are deemed to be a reference to a calendar day. All references to
"business day" mean any day of the year other than a Saturday, Sunday or a
public or bank holiday in San Diego, California. Unless expressly stated
otherwise, cross-references herein refer to provisions within this Agreement and
are not references to the overall transaction or to any other document.

                (g) Each party to this Agreement will cooperate fully in the
execution of any and all other documents and in the completion of any additional
actions that may be necessary or appropriate to give full force and effect to
the terms and intent of this Agreement.

        30. Approval of Board of Directors. This Agreement was approved by the
Company's Board of Directors at a special meeting held on October 25, 1999 and
by the Cyberwork's Board of Directors at a special meeting held on October 27,
1999.

                                      -12-
<PAGE>   13

        THE EXECUTIVE, THE COMPANY AND CYBERWORKS EACH ACKNOWLEDGE THAT HE/IT
HAS READ THIS AGREEMENT, UNDERSTANDS IT AND IS VOLUNTARILY ENTERING INTO IT. THE
EXECUTIVE ACKNOWLEDGES AND UNDERSTANDS THAT THIS AGREEMENT INCLUDES A RELEASE OF
ALL KNOWN AND UNKNOWN CLAIMS.

                                      -13-
<PAGE>   14

        IN WITNESS WHEREOF, the parties hereto have executed this Agreement on
the dates indicated below.

                                            VENTURE CATALYST INCORPORATED,
                                            a Utah corporation

Dated:  December 17, 1999                   By: /s/ L. DONALD SPEER, II
                                               ---------------------------------
                                               L. Donald Speer, II
                                               Chairman of the Board and Chief
                                               Executive Officer

                                            CYBERWORKS, INC.,
                                            a California corporation

Dated:  December 17, 1999                   By: /s/ L. DONALD SPEER, II
                                               ---------------------------------
                                               L. Donald Speer, II
                                               Chairman of the Board and Chief
                                               Executive Officer

                                    EXECUTIVE

Dated:  December 17, 1999                   By: /s/ RICHARD T. HARRISON
                                               ---------------------------------
                                               Richard T. Harrison

                                      -14-
<PAGE>   15

                                   SCHEDULE 1

                               COMPUTER EQUIPMENT

         1.   Sony Superslim Notebook Laptop Computer
              Serial No. 3204030

         2.   Two 17" ViewSonic Monitors GL773's

                                      -15-

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