AGREEMENT

                                                               Exhibit 10.16



                                    AGREEMENT

         WorldWide Web NetworX Corporation ("WWWX") and Alexander, Wescott &
Co., Inc. ("AW") have entered into this Agreement dated April 16, 1999.

         WHEREAS, WWWX and AW are parties to an agency agreement dated on or
about December 16, 1998 (the "Agency Agreement"), relating to the private
placement offering of securities of WWWX by.

         WHEREAS, both WWWX and AW wish to resolve any and all disputes and
claims now existing or which may arise in the future in connection with the
Agency Agreement.

         NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties agree as follows:

1.       As full and complete settlement of any and all claims AW may have now
         or in the future against WWWX, its subsidiaries, officers, directors,
         employees, and agents, WWWX agrees to issue to AW a total of 100,000
         shares of its restricted common stock (the "Shares"). The Shares shall
         be registered by WWWX upon the same terms and conditions as all shares
         to be issued to AW pursuant to the terms of the Agency Agreement.

2.       The Shares are in addition to the 98,950 shares of restricted common
         stock to be issued to AW as part of AW's compensation pursuant to the
         terms of the Agency Agreement.

3.       The parties agree that the issuance of the Shares to AW will release
         WWWX, its subsidiaries, officers, directors, employees and agents from
         any and all further claims of and obligations to AW under the terms of
         the Agency Agreement, except as to the registration rights described in
         the Agency Agreement.

4.       The parties agree that the execution, delivery, and performance of this
         Agreement shall have been approved by all necessary corporate action of
         the respective parties and further agree that the parties shall execute
         and deliver any and all documents which are reasonably necessary to
         consummate the terms of this Agreement.

5.       This Agreement shall be governed and construed in accordance with the
         laws of the state of New York without giving effect to conflicts of
         law.

         IN WITNESS WHEREOF, the parties have signed this Agreement on the date
written above.

WorldWide Web NetworX Corporation          Alexander, Wescott & Co., Inc.



By: //s// Xxxxxx X. Xxxx                   By:  //s// Xxxx Xxxx
    ------------------------------            ------------------------------
    Xxxxxx X. Xxxx, CEO                       Xxxx Xxxx, Chairman