CONSULTING AGREEMENT


         Agreement made and entered into as of the 13TH day of February 2004
(effective January 20, 2004) by and among eClickMD, Inc., a Nevada corporation,
having offices at 3001 Bee Caves Road., Suite 250, Austin, Texas 78746 (the
"Company"), and Gryphon Financial Securities Corp. having offices at 400 Royal
Palm Way, Palm Beach, FL 3348080 (the "Consultant").

                              W I T N E S S E T H :
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         WHEREAS, the Company desires to retain the Consultant and the
Consultant desires to be retained by the Company, all pursuant to the terms and
conditions hereinafter set forth.

         NOW, THEREFORE, in consideration of the foregoing and the mutual
promises and covenants herein contained, it is agreed as follows:

         1.       Retention. The Company hereby retains the Consultant on a
non-exclusive basis to perform consulting services related to corporate finance,
strategic investments, capital raising, mergers and acquisitions and other
financial service matters, and the Consultant hereby accepts such retention. In
this regard, Consultant shall undertake matters which the chief executive
officer of the Company shall request and shall devote such time to such matters
as shall be determined by the Consultant in its sole discretion. The Company
understands that the Consultant shall perform services of a similar nature for
other persons and entities as well as the Company. The parties agree that the
Consultant is an independent contractor and not an employee of the Company.

         2.       Term. The Consultant's retention hereunder shall be for a term
of one (1) year as of the date first above written (the "Term").

         3.       Compensation. In consideration for the Consultant performing
the services described hereunder, and in addition to any other compensation the
Consultant (and/or its affiliates) has or in the future will receive from the
Company, including, but not limited to, compensation relating to the Company's
private placement of Notes pursuant to which the Consultant is acting as
placement agent for the Company, the Company shall sell as of the date hereof to
the Consultant (and/or its designees) 2,000,000 shares of its Common Stock, for
an aggregate purchase price of $2,000 (the "2,000,000 Shares"). The Company
shall simultaneously with the execution of this Agreement deliver stock
certificate[s] to the Consultant (and/or its designees) representing the
2,000,000 Shares. Notwithstanding anything to the contrary provided herein or
elsewhere, the Company irrevocably and expressly agrees that in no event and
under no circumstances shall the Company have any right or be able to cancel,
terminate, modify or repurchase or challenge the legality and/or validity of the
sale and/or issuance of the 2,000,000 Shares to the Consultant (and/or its
designees).

         4.       Liability and Indemnification.

                  (a)      Consultant shall not be subject to any direct and/or
indirect liability to the Company and/or any affiliate to the Company or any
officer, director, agent, attorney, employee, shareholder or creditor of the

<PAGE>

Company and/or any of its subsidiaries and/or affiliates of the Company by
virtue of any direct and/or indirect act or omission in the course of, connected
with or arising out of the rendering or providing of consulting services
hereunder and/or receiving the 2,000,000 Shares.

                  (b)      The Company hereby agrees to defend, indemnify and
hold harmless the Consultant, its officers, directors, partners, employees,
attorneys and affiliates from and against any and all costs, expenses, and
liabilities (including, but not limited to, reasonable attorneys' fees) which
may in any way directly and/or indirectly result from and/or arise out of this
Agreement and/or the services rendered by the Consultant pursuant to or in
connection with this Agreement and/or the issuance of the 2,000,000 Shares.

                  (c)      In the event the Company attempts to challenge the
legality or validity of all and/or a portion of this Agreement (which is
expressly prohibited), the Company shall be liable for all fees, costs, expenses
of the Consultant (and/or its designees), including, but not limited to, all
fees and expenses of legal counsel to such persons, as such are incurred.

         5.       Notices. Any notices hereunder shall be sent to the Company
and the Consultant at their respective addresses above set forth. Any notice
shall be given by registered or certified mail, return receipt requested,
postage prepaid, and shall be deemed to have been given when deposited in the
United States mail. Any party may designate any other address to which notice
shall be given, by giving written notice to the other of such change of address
in the manner herein provided.

         6.       Governing Law. This Agreement shall be governed by and
construed solely in accordance with the internal laws of the State of New York
with respect to contracts made and to be fully performed therein, without regard
to the conflicts of laws principles thereof. The parties hereto hereby expressly
and irrevocably agree that any suit or proceeding arising under this Agreement
or the consummation of the transactions contemplated hereby, shall be brought
solely and exclusively in a federal or state court located in the City, County
and State of New York. By its execution hereof, the Company hereby expressly and
irrevocably submits to the in personam jurisdiction of the federal and state
courts located in the City, County and State of New York and agrees that any
process in any such action may be served upon it personally, or by certified
mail or registered mail upon the Company or such agent, return receipt
requested, with the same full force and effect as if personally served upon the
Company in New York City. The parties hereto each expressly and irrevocably
waive any claim that any such jurisdiction is not a convenient forum for any
such suit or proceeding and any defense or lack of in personam jurisdiction with
respect thereto.

         7.       Entire Agreement. This Agreement contains the entire agreement
between the parties relating to the subject matter of this Agreement and may not
be altered or modified, except in writing and signed by the party to be charged
thereby and supersedes any and all previous agreements between the parties.

         8.       Binding Effect. This Agreement shall be binding upon the
parties hereto and their respective heirs, administrators, successors and
assigns.

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         9.       Registration Rights. As additional consideration and as a
condition to the Consultant entering into this Agreement, the Company shall
execute the Agent Registration Rights Agreement dated as of the date hereof in
the form previously agreed to by the parties hereto (the "Registration
Agreement"). The Registration Agreement shall cover, among other securities of
the Company being issued to the Consultant as provided therein, the 2,000,000
Shares.

                  [Remainder of Page Intentionally Left Blank]

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         IN WITNESS WHEREOF, the parties hereto have executed this Agreement the
day and year first above written.

                                     GRYPHON FINANCIAL SECURITIES CORP.


                                     By:
                                        ------------------------------------
                                        Name:
                                        Title:


                                     eCLICKMD, INC.


                                     By:
                                        ------------------------------------
                                        Name:
                                        Title:

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