Document:

<PAGE>

                                                                   Exhibit 10.8

                                  SUBLEASE
                                  --------

     This sublease made as of the 1st day of March, 1999 pursuant to the Short
Forms of Leases Act between:

     SCOTT'S MANAGEMENT SERVICES INC.
     (the "Sublandlord"),

                                                              of the first part,

     - and -

     IRONSIDE TECHNOLOGIES INC.
     (the "Subtenant"),

                                                              of the second part

witnesses that whereas:

     (a) by a lease dated October 21, 1991 between Mayvon Investments Limited,
         Blackhill Developments Limited, E. Manson Investments Limited, Zureit
         Holdings Limited, Emery Investments Limited and Erinview Holdings
         Limited (collectively, the "Headlandlord") as landlord and the
         Sublandlord as tenant, a copy of which is attached hereto as Schedule
         A, as supplemented or amended by: (i) a lease amendment agreement
         dated January 19, 1993, a copy of which is attached hereto as
         Schedule B; and (ii) letter amending agreements dated September 25,
         1992 and January 12, 1993, copies of which are attached hereto as
         Schedule C (collectively the "Headlease"), the Headlandlord leased to
         the Sublandlord premises described in, the Headlease for a term of
         ten (10) years;

     (b) the Sublandlord has agreed to sublease to the Subtenant the premises,
         being the entire fourth floor, as outlined in Schedule D attached
         hereto (the "Subpremises"), subject to the terms of this sublease;

     (c) the Headlandlord has consented to such sublease to the Subtenant, which
         consent is attached hereto as Schedule E;

     Now therefore in consideration of the rents, the mutual covenants in this
agreement and other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties agree as follows.

1.   Term
     ----

     The Sublandlord hereby subleases the Subpremises to the Subtenant for a
term of two years and ten months commencing on March 1, 1999 (the "Commencement
Date") and ending on December 30, 2001 (the "Term").  Notwithstanding the
foregoing, the Term shall not extend beyond the day prior to the date of
termination of the Headlease.  The Subtenant shall be permitted access to the
Subpremises upon prior notice for the purposes of planning and design and shall
further be permitted access to the Subpremises for the purposes of completing
its fixturing prior to the commencement of the Term at no additional rental
cost.

2.   Subpremises
     -----------

     The Subpremises shall contain a rentable area of fifteen thousand four
hundred thirty eight (15,438) square feet.  The Subtenant shall further be
permitted access to the Sublandlord's
<PAGE>

cafeteria throughout the Term and shall pay to the Sublandlord the sum of
$2.50 per person per week as consideration for the Sublandlord's subsidiary in
this regard.

3.   Rent
     ----

     (a) The Subtenant shall pay to the Sublandlord as minimum annual rent
         during the Term as follows:

         (i) from the Commencement Date to December 30, 2001, Seven Dollars
             per square foot of the Subpremises (plus GST). As an inducement
             to lease, the Subtenant will not be required to pay the first
             three (3) months minimum annual rent of the Sublease Term.

         (b) Annual rent and estimated Additional Rent (as hereinafter defined)
             (collectively the "rent" shall be paid in equal monthly
             instalments in advance, without deduction or set-off, on the
             first day of each month throughout the Term.

         (c) Provided the Subtenant is not in default of the terms of this
             sublease, the Subtenant shall not be required to pay minimum
             annual rent from the Commencement Date up to and including the
             expiry of the third month thereafter.

         (d) The Subtenant agrees to pay to the Sublandlord all goods and
             services tax exigible in respect of the payment of minimum annual
             rent and Additional Rent under this Sublease and in respect of
             any other payment by the Subtenant to the Sublandlord hereunder.
             The amount of such goods and services taxes shall be calculated
             by the Sublandlord in accordance with the applicable legislation
             and shall be paid at the same time as the amounts to which such
             goods and services tax apply and are payable to the Sublandlord
             Any goods and services taxes paid by the Subtenant hereunder
             shall be deemed not to be rent but the Sublandlord shall have all
             of the same rights and remedies on non-payment of such goods and
             services taxes as it has for rent in arrears hereunder.

4.   Interpretation
     --------------

     Where used in this sublease any word or term that is specifically defined
in the Headlease has the meaning ascribed to it in the Headlease, unless the
word is redefined in this sublease. Where there is more than one Subtenant, the
obligations of the Subtenant shall be considered joint and several obligations.
The provisions of this sublease shall be read with all grammatical changes
required, if there is more than one Subtenant or if the Subtenant is male,
female or a corporation.

5.   Subtenant's Covenants
     ---------------------

     The Subtenant covenants with the Sublandlord as follows:

     (a)  to pay Rent;

     (b) to perform and observe all the obligations of the Sublandlord as tenant
         under the Headlease (except for the covenant to pay minimum rent
         thereunder which is governed by this sublease) and to keep the
         Sublandlord fully and completely indemnified against all actions,
         claims, expenses and demands in respect of all such obligations and
         with respect to every other matter directly or indirectly related to
         the Subpremises except where the Sublandlord has been negligent or
         committed willful misconduct. Without limitation, and except as
         aforesaid, the Subtenant shall pay to the Sublandlord all amounts
         (including, without limitation its proportionate share of all
         operating costs and taxes of the Subpremises and other additional
         rent

                                       2
<PAGE>

         and amounts payable by the Sublandlord under the Headlease and all
         other amounts attributable to the Subpremises (collectively
         "Additional Rent"). The payments aforesaid shall be made to the
         Sublandlord when due under the Headlease, or in the case of payments
         not required under the Headlease, when due. The Sublandlord may
         estimate and re-estimate the annual total of such payments and
         require the Subtenant to pay to the Sublandlord on the first day of
         each month during the Term an amount equal to one-twelfth of such
         estimate. In the event that the utilities costs are increased by
         reason of the Subtenant's use and occupancy of the Subpremises, the
         Subtenant shall be responsible for the payment of such increase. If
         so estimated, the Sublandlord and the Subtenant agree to readjust
         such payments within 30 days after the Sublandlord receives the Head
         Landlord's statement in respect of the amounts covered by such
         statement for the period covered by the estimate; the Subtenant's
         operating costs for the calendar year of 1999 are estimated at $8.54
         per square foot plus G.S.T.;

     (c) notwithstanding anything herein set out throughout the Term, the
         Subtenant shall, at its sole cost and expense, take out and keep in
         full force and effect the following insurance:

         (i)  general liability insurance against personal and bodily injury,
              including death, and property damage, with respect to the
              Subtenant's business and the Subpremises and the use and
              occupancy thereof, on an occurrence basis to such limits as the
              Sublandlord, acting reasonably, requires from time to time, but
              not less than two million dollars ($2,000,000 00) for any one
              occurrence;

         (ii) insurance with coverage against the perils of fire and standard
              extended coverage endorsement perils, against water damage
              however caused and against loss by such other insurable hazards
              as prudent tenants would insure fully covering the Subpremises
              (including all leasehold improvements), all of the Subtenant's
              property and any other property owned by the Subtenant or for
              which it is legally liable and which is located at 500 Hood
              Road.

Insurance to be effected by the Subtenant shall be in amounts and upon terms
which the Sublandlord shall from time to time, acting reasonably, determine to
be sufficient.  Such insurance shall provide that the Sublandlord is to be
immediately notified in writing by the insurer of any threatened cancellation.
Such insurance shall include the Sublandlord, the Headlandlord and any mortgagee
as an additional named insured and contain cross-liability and severability of
interest provisions, as applicable.  Insurance under Section 5(c)(ii) shall be
on a full replacement cost basis.  The Subtenant shall deliver to the
Sublandlord certified copies of such insurance on or before the Commencement
Date;

     (d) subject to the provisions of this sublease and the Headlease, the
         Subpremises will be used for general office purposes, as well as any
         other related use permitted by the Headlease with written approval
         from the Sublandlord and the Headlandlord;

     (e) not to make any alterations or improvements to the Subpremises without
         the prior written consent of the Sublandlord and the Headlandlord in
         accordance with, and subject to, the terms of the Headlease;

     (f) not to assign, sublet or part with possession of all or any part of the
         Subpremises without the prior consent in writing of the Sublandlord,
         which consent may not be unreasonably or arbitrarily withheld, and if
         granted, may be granted by the Sublandlord upon such terms and
         conditions as the Sublandlord, acting reasonably, may see fit;
         subject to obtaining the prior written consent of the Headlandlord in
         accordance with, and subject to, the terms of the Headlease;

                                       3
<PAGE>

     (g) not to do, permit or allow any act which would or might violate or
         constitute a breach of or a default under the Headlease or which
         would or might make the Sublandlord liable for any damages, claim or
         penalty.

6.   Sublandlord's Covenant
     ----------------------

     The Sublandlord covenants with the Subtenant as follows:

     (a)  for quiet enjoyment; and

     (b) to enforce its rights as tenant under the Headlease against the
         Headlandlord, provided that the Subtenant will pay to the Sublandlord
         on demand all the Sublandlord's costs, expenses and disbursements
         incurred in enforcing its rights, and further provided that the
         Sublandlord may, prior to taking any action to enforce any of such
         rights, require the Subtenant to provide a reasonable indemnity to
         the Sublandlord against such costs, expenses and disbursements.

     (c) to provide to the Subtenant at no additional charge, all existing
         furniture and equipment located in the Subpremises including all office
         chairs and desks, and other chattels presently located in the Subleased
         Premises, as set forth in Schedule "F" attached hereto.

7.   "As-Is Basis"
     -------------

     The Subpremises are provided to the Subtenant on an "as is" basis.  All
existing leasehold improvements at the Subpremises shall remain and shall not be
removed without the prior consent of the Subtenant which consent may be
unreasonably withheld.  The Subtenant shall be permitted to install new
leasehold improvements subject to the reasonable approval of the Sublandlord and
the Head Landlord and in accordance with the provisions of the Head Lease.  The
Subtenant shall not be responsible for the removal of any existing leasehold
improvements at the end of the Sublease, provided that the approval of the Head
Landlord is obtained prior to the installation of any of the said leasehold
improvements.  The Subtenant agrees that it enters into this sublease without
any covenants, representations, agreements, warranties or conditions by the
Sublandlord, its agents, representatives, servants or employees or any other
person relating to the subject matter of this sublease express or implied,
collateral or otherwise, except as expressly set forth herein.

     Existing furniture and equipment on the Subpremises and detailed as per
list provided is available for use by the Subtenant.

8.   Signage
     -------

     The Subtenant shall have the exclusive right to install its corporate name
and logo on the top of the Building in the locations identified by the Head
Landlord, with the colour and design to be at the Subtenant's discretion and
subject to the reasonable approval of the Head Landlord as provided in the Head
Lease, which consent shall be obtained by the Sublandlord.

     The Subtenant may further request permission from the Head Landlord to
install prominent ground floor lobby signage and exterior podium signage as
mutually agreed upon between the parties and the Head Landlord, all acting
reasonably.  All costs in connection with the design, installation, maintenance,
repairs and removal of such signs will be the responsibility of the Subtenant.
All signage shall be subject to the prior approval of the Head Landlord.

9.   Parking
     -------

     The Subtenant shall lease from the Sublandlord three (3) underground
parking stalls per 1,000 square feet of the Subpremises at a rental rate of
$20.00 (plus applicable taxes) per stall per month for the duration of the
Sublease Term.  The Sublandlord shall also lease to the Subtenant

                                       4
<PAGE>

a further fifteen (15) parking stalls at the rate of $35.00 (plus applicable
taxes) per parking stall as currently charged to it by the Hand Landlord.

10.  Security Deposit
     ----------------

     The Subtenant has deposited the sum of Forty Thousand Dollars ($40,000.00)
(the "Security Deposit").  The Security Deposit shall be held by the Sublandlord
without liability for interest, as security for the faithful performance by the
Subtenant of all the terms, covenants and conditions of this sublease by the
Subtenant to be kept, observed and performed, and shall be applied against the
first and last month's minimum annual rent and Additional Rent for the term of
this sublease and/or against any adjustments in Additional Rent following the
expiry of the term of this sublease, at the Sublandlord's option.

11.  Registration
     ------------

     The Subtenant agrees that it shall not register this sublease and such
registration shall, at the option of the Sublandlord, constitute a non-curable
default of the Subtenant hereunder.

12.  Remedies upon Default
     ---------------------

     Upon any breach of any of the terms, covenants or agreements to be
performed or observed under this sublease by the Subtenant, the Sublandlord
shall have all the same rights as the Headlandlord has under the Headlease in
the event of default thereunder, all of which rights and remedies available to
the Headlandlord shall be considered to be incorporated into this sublease, by
reference, mutatis mutandis.  Provided that in the event the Subtenant breaches
a provision of the Headlease, than any such notice and grace period provided in
the Headlease, shall for the purposes of this sublease be decreased by forty
percent (40%) and the exercise thereof shall not be in derogation of, but shall
be in addition to any other remedies available to the Sublandlord.

     Upon any such termination of this sublease, the Subtenant shall quit and
peacefully surrender the Subpremises to the Sublandlord, and the Sublandlord or
Sublandlord's agents or employees, upon such termination may immediately or at
any time thereafter, without further notice, enter upon and re-enter the
Subpremises, by force, summary proceedings, ejectment or otherwise, and may
dispossess the Subtenant and remove the Subtenant and all other persons and
property from the Subpremises.

13.  Incorporation of Provisions of Headlease
     ----------------------------------------

     (a) The Subtenant acknowledges and confirms all the provisions of the
         Headlease and agrees to be bound by the Headlease as if all the
         covenants of the Sublandlord as tenant contained therein, other than
         the covenant to pay minimum annual rent which is governed by thus
         sublease, had been fully incorporated into this sublease as covenants
         of the Subtenant, mutaris mutandis, save and except as otherwise
         provided in this sublease. In addition to the foregoing, to the
         extent that any provision of the Headlease, as incorporated herein,
         are by their nature inapplicable to this sublease, such provisions
         shall not apply to this sublease. The Subtenant acknowledges and
         agrees that this sublease and the Headlease are net and carefree to
         the Sublandlord and the Headlandlord respectively and that the
         Sublandlord shall have no liability to the Subtenant for any acts of
         the Headlandlord pursuant to the Headlease.

     (b) The following articles or sections of the Headlease are, without
         limitation, expressly excluded from this sublease and shall not apply
         to Subtenant except where expressly included in this sublease:

         (i)   with respect to the lease dated October 21, 1991 attached hereto
               as Schedule A, Rider 4A of Section 6(b) and Sections 1, 3, 4,
               5(a), (b), (c) and 6 of Schedule D;

                                       5
<PAGE>

         (ii)  with respect to the lease amendment agreement dated January 19,
               1993, attached hereto as Schedule B:  Sections 7 and 8; and

         (iii) any rights of renewal or options of the Sublandlord as
               tenant pursuant to the Headlease which are hereby deemed to be
               personal to the Sublandlord and may not be exercised by the
               Subtenant directly with the Headlandlord. Notwithstanding the
               foregoing, the Sublandlord hereby covenants with the Subtenant
               that it shall not exercise its option to renew the Head Lease
               as it relates to the Subpremises.

14.  No Notice
     ---------

     Any notice herein provided or permitted to be given to the Sublandlord or
the Subtenant pursuant to this sublease shall be in writing and sufficiently
given if delivered, transmitted by telecopier or mailed in Canada, registered
and postage prepaid, addressed as follows:

     (a)  to the Sublandlord, to:
          ------------------
          Scott's Management Services Inc.
          c/o 500 Hood Road
          MARKHAM, Ontario
          L3R OP6

          Attention:  Terry Walsh

          Telecopier:  (905) 946-6802

     (b)  to the Subtenant, to:
          ----------------
          Ironside Technologies Inc.
          500 Hood Road, Suite 400
          Markham, Ontario
          L3R OP6

          Attention:  Mark Marino

          Telecopier:  (905) 771-7183

     Any such notice given as aforesaid shall be conclusively deemed to have
been given on the day on which such notice is delivered or transmitted or on the
third (3rd) business day that there is postal delivery following the day on
which such notice is mailed, as the case may be.

     Any party may, at any time, give notice in writing to the other(s) of any
change of address of the party giving such notice and from and after the giving
of such notice, the address therein specified shall be deemed to be the address
of such party for the giving of notices hereunder.  The word "notice" in this
paragraph shall be deemed to include any request, statement or other writing in
this sublease provided or permitted to be given by any of the parties hereto.
The word "delivered" in this paragraph shall not be limited to personal service,
but shall include leaving the notice at the recipient's address for notice
established under thus paragraph.  If, at the date of any notice is to be given,
actual or threatened interruptions in the postal service of Canada would be
likely to delay receipt, such notice shall be sent by another method permitted
by this paragraph

15.  Prior Agreements
     ----------------

     This sublease contains all agreements of the parties with respect to any
matter mentioned herein and no prior agreement or understanding pertaining to
any such matter shall be effective.

16.  Benefit
     -------

                                       6
<PAGE>

     This sublease shall benefit and bind in the case of the Sublandlord, its
successors and assigns, and in the case of the Subtenant its permitted
successors and assigns.

     IN WITNESS WHEREOF the parties hereto have executed this agreement under
seal.

                                      Sublandlord:
                                      -----------

                                      SCOTT'S MANAGEMENT SERVICES INC.

                                      By: /s/
                                         ---------------------------------------
                                                                             c/s
                                         ---------------------------------------

                                      Subtenant:
                                      ---------

                                      IRONSIDE TECHNOLOGIES INC.

                                      By: /s/ Mark Marino
                                         ---------------------------------------
                                                                             c/s
                                         ---------------------------------------

                                       7<PAGE>

                                                                    EXHIBIT 10.9

                             EMPLOYMENT AGREEMENT
                             --------------------

THIS AGREEMENT made as of this 1st day of April, 1997

B E T W E E N:

                               WILLIAM B. LIPSIN
                  (hereinafter referred to as the "Employee")

                                                            OF THE FIRST PART

                                    - and -

                          IRONSIDE TECHNOLOGIES INC.
                  (hereinafter referred to as the "Employer")

                                                            OF THE SECOND PART

          WHEREAS the Employer wishes to have the benefit of the Employee's
knowledge and experience as a full-time employee;

          AND WHEREAS the Employer and the Employee are desirous of entering
into an employment relationship for their mutual benefit;

          AND WHEREAS the Employer and the Employee have agreed that the terms
and conditions of the employment relationship shall be as set out herein;

          NOW THEREFORE in consideration of the terms, conditions, covenants and
obligations herein contained (the adequacy of which is hereby acknowledged by
each of the parties), the parties hereto have agreed and do hereby agree as
follows:
<PAGE>

                                      -2-

                           ARTICLE ONE - DEFINITION
                           ------------------------

1.01      "Just Cause" means (i) wilful failure of the Employee to properly
carry out his duties after written notice by the Employer of the failure to do
so and an opportunity for the Employee to correct the same within a reasonable
time from the date of receipt of such written notice from the Employer; or (ii)
theft, fraud or material dishonesty or misconduct by the Employee involving the
property or affairs of the Employer or the carrying out of the Employee's
duties; or (iii) any material breach of the obligations of the Employee pursuant
to this Agreement; or (iv) cause as determined by a Canadian court of competent
jurisdiction.

                       ARTICLE TWO - SCOPE OF EMPLOYMENT
                       ---------------------------------

2.01      Employment:  The Employer hereby agrees to employ the Employee and the
          ----------
Employee hereby accepts such employment on a full time basis in the position of
President & CEO, upon the terms and conditions set forth in this Agreement.

2.02      Duties and Responsibilities:  The duties and responsibilities of the
          ---------------------------
Employee shall consist of being responsible for the overall operations of the
Company, establishing a business plan, executing that plan, and providing
corporate leadership on behalf of the Employer. More specifically, the duties
and responsibilities of the Employee shall consist of the following:

          (i)   creating a Vision, Mission, and direction for the Company

          (ii)  developing and implementing business plans and processes on
                behalf of the Employer with a view to increasing revenues,
                profit and competitive advantage, and

          (iii) establishing the necessary infrastructure on behalf of the
<PAGE>

                                      -3-

                Employer with a view to increasing revenues, profit and
                customer/channel satisfaction,

and such other duties and responsibilities as may be assigned to him from time
to time by the Employer.  In addition, the Employee acknowledges and agrees that
the Employer shall retain the sole discretion to amend the Employee's job
description from time to time during the term of this Agreement.

2.03      Full and Faithful Service:  The Employee shall devote to the business
          -------------------------
and affairs of the Employer all of his working time, attention and ability to
carry out the duties of his position and will ensure that he is not, at any
time, engaged in conduct that would constitute a conflict with the interests of
the Employer.  The Employee agrees that he will, in the performance of his
duties, promote the interest, business and reputation of the Employer and shall
perform all such duties as are essential or conducive to the efficient
management thereof in accordance with the rules and policies of the Employer.

2.04      Acknowledgement:  The Employee acknowledges that the effective
          ---------------
performance of his duties requires the highest level of integrity and the
Employer's complete confidence in the Employee's relationship with other
employees of the Employer and with all persons dealt with in the course of his
employment.  The Employee shall diligently, faithfully and honestly serve the
Employer during the continuance of his employment hereunder and shall use his
best efforts to promote the interests of the Employer.
<PAGE>

                                      -4-

                      ARTICLE THREE - TERM OF EMPLOYMENT
                      ----------------------------------

3.01      Term Period:  The term of employment created herein shall be for an
          -----------
indefinite period commencing on the execution of this Agreement, unless this
Agreement is terminated earlier by either of the parties in accordance with the
provisions set out herein.

                          ARTICLE FOUR - COMPENSATION
                          ---------------------------

4.01      Base Salary:  As remuneration for his services hereunder, the Employee
          -----------
shall be paid a base salary (the "Base Salary") at the rate of Cdn. $200,000 per
annum, less all applicable statutory deductions, which Base Salary shall be paid
in arrears and in equal bi-weekly installments.

4.02      One-time Bonus:  The Employee will receive an initial signing bonus of
          --------------
$50,000  upon successful completion of the initial private financing.

4.03      Club:  The Employee will receive $6700.00 per year to cover his club
          ----
fees.

4.04      Incentive Compensation:  The Employee shall be entitled to participate
          ----------------------
in the Employer's annual bonus compensation plan, a copy of which is attached
hereto as Schedule "A" (the "Bonus Compensation Plan").

4.05      Automobile Allowance:  The Employee shall be entitled to receive a car
          --------------------
allowance of $825.00 paid monthly.

4.06      Equity:  The Employee will receive 4.8% ownership of the Company upon
          ------
joining the Company.
<PAGE>

                                      -5-

4.07      Benefits:  The Employee shall be entitled to participate in the
          --------
employee benefit plans and programs which are generally made available to
employees of the Employer from time to time, as well as the Beamscope executive
benefit plan.

4.08      Stock Option Plan:  Subject to the discretion of the Employer, the
          -----------------
Employee shall be permitted to participate in any stock option plan that is
established by the Employer.

4.09      Vacation:  The Employee shall be entitled to four (4) weeks vacation
          --------
leave during each full year that this Agreement is in effect at the Base Salary
provided for in Section 4.01 herein.  Such vacation to be taken at such time or
times as the Employer may determine having regard to the business and
undertaking of the Employer and having regard to the dates requested by the
Employee.  In the event that the Employee's employment is terminated, the
Employee shall be entitled to a pro-rated vacation leave with pay for the
portion of the year that he has been actively employed.  During the initial year
of the Employee's employment with the Employer, his vacation leave shall be pro-
rated to the date on which he commenced employment with the Employer.

4.10      Expenses:  The Employee shall be reimbursed for all reasonable travel,
          --------
business and entertainment expenses incurred by him in the performance of his
duties hereunder, subject to such limits as may be established by the Employer
and revised by it from time to time.  As a condition to the reimbursement of
such expenses, the Employee shall furnish to the Employer receipts for expenses
incurred.

                   ARTICLE FIVE - TERMINATION OF EMPLOYMENT
                   ----------------------------------------

5.01      Termination by Employer:  This Agreement, and the employment
          -----------------------
contemplated hereunder, may be terminated in the following manner and in the
following circumstances:
<PAGE>

                                      -6-

     (a)  by the Employer, at any time, for Just Cause, in which case the
          employment of the Employee and this Agreement shall terminate
          immediately upon written notice from the Employer to the Employee.  In
          the event of any termination for Just Cause, the Employee shall be
          entitled to receive any outstanding Base Salary, Bonus Compensation,
          and vacation pay which has accrued to the effective date of such
          termination.  Upon receipt of such notice by the Employee, the
          Employer shall be under no further obligation to provide the Employee
          with pay in lieu of reasonable notice, severance pay or termination
          pay whether under statute or at common law;

     (b)  upon the death of the Employee, in which case the employment of the
          Employee and this Agreement shall terminate on the date of the
          Employee's death.  In the event of such termination, all outstanding
          Base Salary, Bonus Compensation and vacation pay which has accrued to
          the effective date of termination shall be paid to the Employee's
          estate; and

     (c)  by the Employer, by providing Employee with the greater of (i)
          eighteen (18) months' written notice of termination of employment, or
          pay in lieu thereof. Upon receipt of such notice, or pay in lieu
          thereof (and severance pay if applicable), by the Employee, the
          Employer shall be under no further obligation to the Employee.

5.02      Termination by Employee:  This Agreement and the employment
          -----------------------
contemplated hereunder may be terminated by the Employee for any reason and at
any time by providing to the Employer two (2) weeks notice in writing of his
termination of employment. The Employee shall be entitled to receive all Base
Salary and vacation pay which accrues to the effective date of such termination.

5.03      Release of Claims:  If any of the events referred to in Sections 5.01
          -----------------
or
<PAGE>

                                      -7-

5.02 occur, this Agreement and the employment of the Employee shall be wholly
terminated except in respect of the Employee's obligations pursuant to Sections
6 and 7 and the Employer's rights pursuant to Section 8 which shall survive such
termination and continue in full force and effect. Upon any such termination,
the Employee shall have no claim against the Employer for damages, wages, bonus,
termination pay, severance pay, pay in lieu of notice of termination, statutory
or otherwise, except in respect of payment of remuneration earned, due and owing
to the effective date of termination.

5.04    Reasonableness:  The parties hereto acknowledge and agree that there are
        --------------
no implied rights whatsoever with respect to the termination of this Agreement
and the employment contemplated hereunder.  The parties further acknowledge and
agree that if the payment referred to in Subsection 5.01(c) is made, it
constitutes a reasonable estimate of the damages that might be suffered by the
Employee for early termination of this Agreement, said amount being liquidated
damages and not a penalty.
<PAGE>

                                      -8-

                         ARTICLE SIX - CONFIDENTIALITY
                         -----------------------------

6.01      Confidential Information:  The Employee acknowledges that during the
          ------------------------
course of his employment, the Employee will be exposed to secret and
confidential business information belonging to the Employer, its affiliates and
associates which gives it a commercial advantage over others.  Except as may be
required by law, the Employee agrees to not use, directly or indirectly, for his
own account or for the account of any person, firm, corporation or other entity
or disclose to any person, firm, corporation or other entity, any of the
Employer's or its affiliates' or its associates' proprietary information
disclosed or entrusted to him or developed or generated by him in the
performance of his duties hereunder, including but not limited to, information
relating to the Employer's and/or its affiliates' and/or its associates'
organizational structure, operations, business plans, technical projects,
pricing data, business costs, research data results, inventions, trade secrets,
customers lists, customer prices or other work produced, developed by or for the
Employer or its affiliates or its associates, whether on the premises of the
Employer or elsewhere.

6.02      Exceptions:  The provisions of Section 6.01 shall not apply to any
          ----------
proprietary, confidential or secret information which is, at the commencement of
the term of this Agreement or at some later date, publicly known under
circumstances involving no breach of this Agreement or is lawfully and in good
faith made available to the Employee without restrictions as to disclosure to a
third party.

6.03      Property and Documents:  The Employee acknowledges, understands and
          ----------------------
agrees that all memoranda, notes, records, charts, formulae, client lists, price
lists, marketing plans, office products including, but not limited to, personal
computers, fax machines, printers and photocopiers, financial information and
other documents made, received, held or used by the Employee during the course
of his employment shall be the property of the Employer and shall be delivered
by the Employee to the Employer upon request at any time during the course of
employment or on termination of employment as hereinbefore provided.  The
Employee
<PAGE>

                                      -9-

acknowledges and agrees that he shall not retain any copies of such
documentation without the written consent of the Employer. With respect to all
confidential information and other documents of the Employer held by the
Employee, the Employee acknowledges that he is in a position of trust and
subject to a fiduciary duty to use the information only in the interests of the
Employer and its business.

6.04      Inventions and Improvements:  Any and all inventions and improvements
          ---------------------------
which the Employee may conceive or make, during the period of his employment,
relating to or in any way appertaining to or connected with any of the matters
which have been, are or may become the subject of the Employer's investigations,
or which the Employer has been, is or may become interested, including, but not
limited to, product design, computer software or technology, shall be the sole
and exclusive property of the Employer, and the Employee will, whenever
requested by the Employer, execute any and all applications, assignments and
other instruments which the Employer shall deem necessary in order to apply for
and obtain Letters of Patent or Copyrights of Canada or foreign countries for
the inventions or improvements, and in order to assign and convey to the
Employer all sole and exclusive right, title and interest in and to the
inventions or improvements, all expenses in connection with them to be borne by
the Employer.

                       ARTICLE SEVEN - INJUNCTIVE RELIEF
                       ---------------------------------

7.01      Injunctive Relief:  The Employee acknowledges and agrees that in the
          -----------------
event of any violation of the covenants provided for in Sections 6, the Employer
shall be entitled as a matter of course to injunctive relief in addition and
without prejudice to any other remedy the Employer may have at law.

                            ARTICLE EIGHT - GENERAL
                            -----------------------

8.01      Headings:  The division of this Agreement into Articles and Sections
          --------
and the insertion of headings are for the convenience of reference only and
shall not
<PAGE>

                                      -10-

affect the construction or interpretation of this Agreement.

8.02      Enurement:  This Agreement shall enure to the benefit of and be
          ---------
binding upon the heirs, executors, administrators and legal personal
representatives of the Employee and the successors and permitted assigns of the
Employer, respectively.

8.03      Entire Agreement:  This Agreement constitutes the entire agreement
          ----------------
between the parties with respect to the subject matter hereof and cancels and
supersedes any prior understandings and agreements between the parties hereto
with respect thereto.  There are no representations, warranties, terms,
conditions, undertakings or collateral agreements, express, implied or statutory
between the parties other than as expressly set forth in this Agreement.

8.04      Amendments:  No amendments to this Agreement shall be valid or binding
          ----------
unless set forth in writing and duly executed by both of the parties hereto.  No
waiver of any breach of any provision of this Agreement shall be effective or
binding unless made in writing and signed by the party purporting to give the
same and unless otherwise provided in the written waiver, shall be limited to
the specific breach waived.

8.05      Invalidity:  If any provision of this Agreement is determined to be
          ----------
invalid or unenforceable in whole or in part, such invalidity or
unenforceability shall attach only to such provision or part thereof and the
remaining part of such provision and all other provisions hereof shall continue
in full force and effect.

8.06      Further Assurances:  The parties shall do all such further acts and
          ------------------
things and provide all such assurances and deliver all such documents in writing
as may be required from time to time in order to fully carry out the terms,
provisions and intent of this Agreement.
<PAGE>

                                      -11-

8.07      Notice:  Any demand, notice or other communication to be given in
          ------
connection with this Agreement shall be in writing and given by delivery or
sending it by telecopy or other similar form of communication addressed:

               To the Employer:
               ---------------
               Ironside Technologies Inc.
               111 Granton Drive
               Suite 220
               Richmond Hill, Ontario
               L4B 1L5

               Tel: (905) 771-8599
               Fax: (905) 771-7183
               Attention: Dale de Freitas

               To the Employee:
               ---------------
               W.B. Lipsin
               86 Otter Crescent
               Toronto, Ontario M5N 2W8

Any such notice, direction or other instrument given as aforesaid shall be
deemed to have been effectively given, if sent by telecopier or other similar
form of telecommunications on the next business day following such transmission
or, if delivered, to have been received on the date of such delivery.  Any party
may change its address for service from time to time by notice given in
accordance with the foregoing and any subsequent notice shall be sent to the
party at its changed address.

                            ARTICLE NINE - GENERAL
                            ----------------------

9.10      Jurisdiction:  This Agreement shall be governed by and construed in
          ------------
accordance with the laws of the Province of Ontario.

          IN WITNESS WHEREOF this Agreement has been executed by the parties
hereto on the date first above written.

SIGNED, SEALED and DELIVERED
in the presence of:

<PAGE>

                                      -12-

                                    /s/ W.B. Lipsin
__________________________          ________________________________________
                                    W.B. Lipsin

                                    IRONSIDE TECHNOLOGIES INC.

                                    By: ____________________________________

                                    By: ____________________________________
<PAGE>

                                 SCHEDULE "A"

      BONUS COMPENSATION PLAN - FY98 (April 1, 1997 to March 31, 1998)
      ----------------------------------------------------------------

EMPLOYEE NAME:   Bill Lipsin

EFFECT DATE:     April 1, 1997

JOB TITLE:       President & CEO

Bonus Compensation will be paid quarterly based on meeting the revenue
milestones that have been set out and agreed to the Board of Directors.

          For the purposes of this Bonus Compensation Plan, the following terms
have the following meanings:

          "Revenue Milestones" - means gross revenue;

          "Profit Milestones" - means net income before taxes

          "Bonus" - means any amounts earned by the Employee in accordance with
this Bonus Compensation Plan and are calculated in accordance with the bonus
incentive chart set forth below.

          Bonuses to be Paid
          ------------------

          Meeting Quarterly Milestones generates a Quarterly Bonus = 25% x
$250,000

          Meeting Annual Milestones generates the difference between Quarterly
Bonuses paid and $250,000.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00016-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00016-of-00352.parquet"}]]