EMPLOYMENT AGREEMENT

        THIS EMPLOYMENT AGREEMENT (the "Agreement") is made and entered into as of October 1, 2003 (the "Effective Date") by and between Advanstar, Inc., a Delaware corporation (the "Company") and Robert L. Krakoff ("Executive").

        WHEREAS, Executive currently serves as Chairman of the Board of Directors of the Company and is currently employed as Chief Executive Officer of the Company pursuant to the terms of an employment agreement dated as of August 14, 2000 by and between the Company and Executive (the "Old Employment Agreement");

        WHEREAS, the Old Employment Agreement expires on September 30, 2003;

        WHEREAS, the Company wishes to continue to employ Executive and Executive is prepared to continue to serve in those capacities required by the Company;

        WHEREAS, the Company and Executive desire to enter into this Agreement in order to set forth the new terms of such continued employment;

        WHEREAS, nothing in this Agreement shall affect Executive's rights and obligations under his Old Employment Agreement with the Company until the Effective Date;

        NOW, THEREFORE, the parties agree as follows:

        1.    Position and Authority.    From the Effective Date through December 31, 2003, the Company agrees to continue to employ Executive as Chief Executive Officer of the Company, and Executive accepts such employment and agrees to serve the Company as Chairman of the Board of Directors and Chief Executive Officer of the Company and any of its respective subsidiaries as may from time to time be requested by the Company, for the compensation and benefits detailed in Sections 3 and 4 hereof. It is understood that from the Effective Date through December 31, 2003, Executive will report to the Board of Directors of the Company and that no other officer, except the successor Chief Executive Officer, shall regularly so report. From January 1, 2004 through December 31, 2005, Executive shall continue to serve the Company as Chairman of the Board of Directors, which position, in addition to being a member of the Board of Directors of the Company, shall be an executive position. As Chairman of the Board of Directors, Executive shall report to the Board of Directors. During the Employment Term (as defined in Section 6 of this Agreement), the Company shall nominate Executive, and shall use its commercially reasonable best efforts to cause Executive to be elected, to the Board of Directors. In his position as Chairman of the Board of Directors of the Company, (i) Executive shall serve as a member of the Company's Board of Directors and (ii) his executive duties shall consist exclusively of identifying and executing Acquisition Transactions (as defined in Section 3(c) of this Agreement); provided, that if the Board of Directors requests that Executive perform other duties, such as duties in connection with offerings of debt or equity securities of the Company, and Executive so agrees, Executive's duties shall include such other duties as may have been requested and agreed. Executive shall not be involved in operational management of the Company. Executive will be assigned a staff of specified employees to assist in development and execution of Acquisition Transactions. Such employees shall report directly to Executive in respect of the applicable Acquisition Transaction(s), with "dotted-line" reporting to the Chief Executive Officer or his designee. In addition, to the extent reasonably necessary and customary for the proper investigation and execution of any Acquisition Transaction, the Company will assign operating personnel to assist Executive and his staff with the investigation and execution of such Acquisition Transaction.

        2.    Duties.    From the Effective Date through December 31, 2003, Executive shall devote substantially all of his business time (subject to any unused vacation as of the Effective Date of the four weeks provided for calendar year 2003 under the Old Employment Agreement, or such greater amount as is authorized by the Board of Directors) to the affairs of the Company, except as may be consented to by the Board of Directors. From January 1, 2004 through December 31, 2005, Executive shall devote sufficient time as is necessary in the judgment of the Board of Directors of the Company

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