RAIKE FINANCIAL GROUP, INC.
     REGISTERED REPRESENTATIVE/INDEPENDENT CONTRACTOR AGREEMENT
     ----------------------------------------------------------

	THIS RAIKE FINANCIAL GROUP, INC. REGISTERED
REPRESENTATIVE/INDEPENDENT CONTRACTOR AGREEMENT (this "Agreement") is
made this _____ day of _____, _____ to be effective as of the _____
day of ______,_____(the "Effective Date"), by and between RAIKE
FINANCIAL GROUP, INC., a Georgia corporation (the "Company"), and
____________ ("Independent Contractor").

	WHEREAS, the Company is registered as a securities Broker-Dealer
with the Securities and Exchange Commission (the "SEC"), is a member
of the National Association of Securities Dealers, Inc. (the "NASD"),
and conducts a retail-securities business; and

	WHEREAS, Independent Contractor is registered with the NASD as a
"Registered Representative" (NASD Series 7) and desires to conduct
securities brokerage through and on behalf of the Company as an
independent contractor to the Company; and

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

        1.   Engagement of Independent Contractor
             ------------------------------------

             (a)  The company hereby engages Independent Contractor
                  as Registered Representative of the Company for a
                  period of time commencing as of the Effective Date
                  and ending at such time as Independent
                  Contractor's engagement hereunder is terminated
                  pursuant to the terms hereof.
             (b)  Independent Contractor shall serve under this
                  Agreement as an independent contractor, and
                  nothing contained in this Agreement shall be
                  construed to create the relationship of employee
                  and employer between Independent Contractor and
                  the Company.  Nothing contained in this agreement
                  is to be construed to make Independent Contractor


<PAGE>    Exhibit 10.3 - Pg. 1


                  the agent or legal representative of the Company
                  for any purpose, and the Independent Contractor
                  does not have the right, power, or authority
                  whatsoever to assume, create or incur any
                  obligation or responsibility for or on behalf of
                  the Company, or to bind the Company in any manner
                  whatsoever, except as herein expressly provided.
                  Independent Contractor covenants that it shall not
                  represent, at any time, either orally or in
                  writing, to anyone that it has any right, power or
                  authority not expressly granted to it by this
                  Agreement.

        2.   Company Compliance/Written Supervisory Procedures.
             --------------------------------------------------

             (a)  Independent Contractor will comply with all
                  applicable laws and regulations of federal and
                  state governmental and regulatory agencies,
                  including, but not limited to compliance with both
                  the Statement of Policy of the Securities and
                  Exchange Commission and the Rules of Fair Practice
                  of the National Association of Securities Dealers.
             (b)  Independent Contractor will comply with all
                  applicable Company policies and procedures as
                  established, from time to time, by the Company.
                  The Company's Registered Representative's
                  Compliance Manual (the "Manual") contains the
                  Company's internal rules and policies and
                  references the rules and regulations of various
                  regulatory authorities.  Copies of the Manual are
                  located at the Company's corporate offices and
                  have previously been provided to Independent
                  Contractor.  Independent Contractor, by his
                  execution of this agreement, hereby represents and
                  warrants that he has read and understands the
                  Manual and covenants and agrees to abide by its
                  terms.
             (c)  Independent Contractor agrees that, except in
                  accordance with the published policy of the


<PAGE>    Exhibit 10.3 - Pg. 2


                  Company, or alternatively upon receipt of written
                  approval from the Company, that for so long as I
                  remain a registered representative of the Company,
                  I will not conduct or engage in any securities
                  business, in any capacity, through or on behalf of
                  any other entity other than the Company.
             (d)  Independent Contractor agrees to subscribe for pay
                  any charges applicable to a security broker errors
                  and omissions liability policy as required by the
                  Company.

        3.   Benefits/Personnel Policies.
             ----------------------------

             (a)  Independent Contractor shall not be entitled to
                  participate in any profit sharing or pension
                  retirement plan, vacation, holiday pay, sick pay,
                  insurance coverage, or other benefits intended for
                  the Company's employees.  While acting within the
                  scope of his engagement hereunder, Independent
                  Contractor's conduct shall be businesslike and
                  professional as is appropriate for a person in his
                  position, and Independent Contractor shall at all
                  times and in all respects perform this Agreement
                  as complies with good and lawful business and
                  ethical practices.
             (b)  Independent Contractor understands and agrees that
                  he is responsible for all federal and state income
                  taxes and assessments imposed by the Internal
                  Revenue Service and or any State Department of
                  Taxation or the like, that he is responsible for
                  all self-employment taxes, and that he is
                  responsible for the accurate reporting of all
                  income and remuneration received as an Independent
                  Contractor for the Raike Financial Group.


<PAGE>    Exhibit 10.3 - Pg. 3


        4.   Commissions.
             ------------

                  Independent Contractor shall be compensated by the
                  Company exclusively pursuant to the schedule of rates
                  and changes attached hereto as Schedule A, and
                  otherwise as follows: Independent Contractor shall be
                  paid no later than the 10th calendar day of each month
                  with respect to transactions effectuated by
                  Independent Contractor and "Settled" (as defined
                  below) during the previous calendar month.
                  Independent Contractor understands that his right to
                  earn a commission with respect to any transaction
                  effectuated by Independent Contractor does not arise
                  until such time as transaction is "Settled," Meaning:
                  (I) such commission income is generated and remitted
                  to the Company by its clearing agent, and (ii) the
                  Company receives confirmation of cleared funds with
                  respect to such commissions.  On a monthly basis, the
                  company shall furnish Independent Contractor with an
                  itemized statement showing the commissions owed
                  Independent Contractor for the previous calendar
                  month, and an itemized accounting of all expenses
                  deducted therefrom, such expenses to include but not
                  be limited to the expenses set forth on Schedule A
                  attached hereto.

        5.   Customer Complaints/Regulatory Inquiries.
             -----------------------------------------

             (a)  Independent Contractor shall promptly inform the
                  Company of any customer complaints (whether
                  written or oral), lawsuits, arbitrations and/or
                  any inquiry by any regulatory authority, including
                  the SEC or the NASD (collectively referred to
                  herein as "Complaints") naming or involving the
                  Company or Independent Contractor, or any person
                  working at, conducting business for, or associated
                  with the Company, with respect to which
                  Independent Contractor becomes aware or has
                  knowledge.


<PAGE>    Exhibit 10.3 - Pg. 4


             (b)  Independent Contractor agrees that the Company is
                  authorized to direct and control the strategy to
                  be employed with respect to responding to,
                  defending or otherwise handling Complaints,
                  including whether to offer a settlement and the
                  amount of or other particulars with respect to
                  such settlement, and may otherwise resolve
                  Complaints in such manner as the company deeds
                  appropriate.  Without limiting Independent
                  Contractor's indemnity obligations set forth in
                  Section 11 hereof, any payment made or expense
                  incurred (including attorney's fees, costs, forum
                  fees, and filing fees) by the Company in
                  connection with investigating, responding to, or
                  handling a Complaint, including any settlement
                  thereof, involving or otherwise attributable to
                  Independent Contractor (collectively, "Complaint
                  Expenses") shall be paid by the Contractor and the
                  Contractor shall hereby indemnify the Company for
                  such Complaint Expenses, whether or not the
                  Independent Contractor continues to be associated
                  with the Company.  The company is hereby
                  authorized by the Independent Contractor to deduct
                  such Complaint Expenses from any commissions due
                  Independent Contractor pursuant to Section 4
                  hereof, and Independent Contractor shall not be
                  paid any further commissions until such time as
                  all Complaint Expenses have been satisfied from
                  such commissions.  The Company's conduct in
                  investigating, responding to, defending or
                  otherwise handling any Complaint and deducting any
                  Complaint Expenses from Independent Contractor's
                  commissions shall, in absence of a showing by
                  Independent Contractor of the Company's fraud or
                  bad faith, conclusively be deemed to have been
                  appropriate, reasonable, in good faith and in
                  accordance with the terms and intent of this
                  Agreement, it being the intent of the parties


<PAGE>    Exhibit 10.3 - Pg. 5


                  hereto that this provision shall not require the
                  company to prove the legal validity of any
                  Complaint in order to recover any Complaint
                  Expenses form Independent Contractor hereunder.

        6.   Representations and Warranties of Independent Contractor.
             ---------------------------------------------------------

             Independent Contractor represents and warrants to the
             Company as follows:

             (a)  That he is duly licensed as a "Registered
                  Representative" with the NASD and is not currently
                  and has never been subject to a suspension or
                  limitation on his ability to serve as a Registered
                  Representative; that he has not previously been
                  the subject of any investigation by any regulatory
                  authority for violations of securities laws or
                  industry rules; and that he has not had any
                  registration or license suspended, nor has he been
                  fined, by the NASD, the SEC, any State, or any
                  other applicable regulatory authority for
                  violations of securities laws;
             (b)  That he is fully familiar with, and has working
                  knowledge of, all the rules, regulations,
                  constitutions and by-laws and statutes of all
                  regulatory authorities which regulate securities
                  markets, brokers and dealers, exchanges and
                  clearing houses (collectively referred to
                  hereafter as the "Applicable Rules"), and that,
                  during the term hereof, he will fully comply
                  therewith;
             (c)  That no representations, warranties, assurances or
                  statements by Independent Contractor in this
                  Agreement and no such statement contained in this
                  document, certificates, or other writings
                  furnished or to be furnished by Independent
                  Contractor to the Company or any of its
                  representatives pursuant to the provisions hereof


<PAGE>    Exhibit 10.3 - Pg. 6


                  contains or will contain any untrue statement of
                  material fact, or omits or will omit to state any
                  fact necessary, in light of the circumstances
                  under which it was made, in order or make the
                  statements herein or therein not misleading.

        7.   Covenants of Independent Contractor.
             ------------------------------------

             Independent Contractor covenants and agrees as follows:

             (a)  Independent Contractor covenants and agrees that
                  he shall not accept any purchase or sale
                  transaction unless sufficient funds, equity or
                  securities to consummate such transaction are in
                  the account for which the order is taken, nor
                  shall Independent Contractor commingle funds or
                  securities purchases from or for investors with
                  Independent Contractor's own funds or securities
                  purchases, whether in a personal, business, trust,
                  or special account;
             (b)  Independent Contractor covenants and agrees that
                  he shall not, at any time during the term of this
                  Agreement, be in violation of any applicable
                  local, state or federal law, ordinance,
                  regulation, order, injunction or decree or nay
                  other requirement of any governmental body,
                  agency, or authority or court binding on
                  Independent Contractor, or any other Applicable
                  Rule, as currently instituted or as hereafter may
                  be promulgated from time-to-time.

        8.   Non-Solicitation.
             -----------------

             Independent Contractor agrees that, during the term of his
             engagement as an independent contractor hereunder, and for
             one (1) year thereafter, Independent Contractor will not
             solicit for employment, directly or through or on behalf of
             any other party, any persons who are then employees of the
             Company, or induce or attempt to induce the termination of


<PAGE>    Exhibit 10.3 - Pg. 7


             any such person's employment with the Company.

        9.   Confidentiality and Nondisclosure.
             ----------------------------------

             Independent Contractor acknowledges and agrees that, during
             the term of this Agreement, he will have access to trade
             secrets and other confidential information unique to the
             Company's business and that the disclosure or unauthorized
             use of such trade secrets or confidential information by
             Independent Contractor will injure the Company's business.
             Therefore, Independent Contractor agrees that he will not,
             at any time during the term of this agrees that he will
             not, at any time during the term of this Agreement and for
             ten (10) years thereafter, use, reveal or divulge any
             Confidential Information (as defined herein).  For purposes
             of this Section, "Confidential Information" shall mean
             information which is confidential and constitutes a
             valuable asset of the Company by reason of the material
             investment of the Company's time and/or money in the
             production of such information including, but not limited
             to, trade secrets, lists of actual or potential customers
             or suppliers, financial data, a formula, pattern,
             compilation, program, device, method, technique and
             business plans.  Independent Contractor also agrees, upon
             termination of his engagement as an Independent Contractor
             hereunder, to return any and all documents in his
             possession which are owned by the Company or which contains
             Confidential Information.

        10.  Term and Termination.
             ---------------------

             This agreement shall be terminable at any time, with or
             without cause, by either party hereto upon five (5) days
             prior written notice to the other party hereto; provided,
             however, that in the event of a material breach by
             Independent Contractor of this Agreement, this Agreement
             may be terminated immediately by the Company upon written
             notice to Independent Contractor.


<PAGE>    Exhibit 10.3 - Pg. 8

        11.  Indemnification.
             ----------------

             Independent Contractor agrees to indemnify, reimburse,
             defend and hold harmless the Company, and each of its
             directors, officers, employees, affiliates, agents,
             representatives, successors, and assigns, from and against
             any and all claims, losses, costs, deficiencies, damages,
             consequential damages, penalties, and liabilities incurred,
             and all expenses including, but not limited to, attorney's
             fees and disbursements arising out of or otherwise with
             respect to (i) any breach or inaccuracy of any
             representation or warranty of Independent Contractor set
             forth in this Agreement or in any other document,
             instrument or agreement delivered pursuant hereto, (ii)any
             breach of or noncompliance by Independent Contractor with
             any covenant or agreement of Independent Contractor set
             forth in this Agreement, (iii)any other breach by the
             Independent Contractor of this Agreement, and (iv)any cost,
             expense, charge, or disbursement of any kind incurred by
             the Company as a result of any actions or inaction by a
             client serviced by the Independent Contractor or whose
             account is handled by the Independent Contractor, including
             customer reneges, unsecured debit losses and other
             transactional losses.

        12.  Assignability/Entire Agreement.
             -------------------------------

             No rights, duties, or obligations under this Agreement
             shall be assignable by Independent Contractor without the
             prior written consent of the Company.  This Agreement
             contains the entire agreement of the parties with respect
             to the subject matter hereof.  Other than as specifically
             provided herein, it may only be amended by an agreement in
             writing signed by each of the parties hereto.

        13.  Notices.
             --------

             All notices and other communications hereunder shall be in
             writing and shall be deemed given when delivered personally
             or when mailed by registered or certified mail, return


<PAGE>    Exhibit 10.3 - Pg. 9


             receipt requested, to the parties at their respective
             addresses set forth on Schedule B attached hereto (or to
             such other address as any party hereto my have furnished to
             the other by written notice given in accordance herewith).

        14.  Arbitration/Applicable Law.
             ---------------------------

             Other than as specifically provided in Section 15 below,
             the parties agree that any dispute between them shall be
             settled by arbitration by the NASD in accordance with NASD
             Code of Arbitration Procedure.  Any such arbitration
             hearing shall be held in Atlanta, Georgia, with the parties
             hereto splitting evenly all forum fees associated with such
             arbitration.  This Agreement has been negotiated, drafted,
             and executed in the State of Georgia, and will be performed
             within the State of Georgia.  Accordingly, this Agreement
             shall be governed by and construed in accordance with the
             laws of the State of Georgia, without regard to conflict of
             law principles.

        15.  Specific Performance/Injunctive Relief.
             ---------------------------------------

             Independent Contractor acknowledges that remedies at law
             for any actual or threatened breach by it of the covenants
             set forth in Sections 8 and 9 of this Agreement would be in
             adequate and that the Company shall be entitled to specific
             performance of such covenants or injunctive relief against
             activities in violation of aid covenants, or both, by
             temporary or permanent injunction or other appropriate
             judicial remedy, writ, or order, in addition to any damages
             and legal expenses (including attorneys' fees) which the
             company may be legally entitled to recover, which may be
             sought in any court of law having jurisdiction to afford
             such relief, and Independent Contractor hereby consents to
             such relief being issued against it.  The parties hereto
             acknowledge and agree that any such recourse to a court of
             law shall not be deemed a waiver or modification of the
             arbitration provisions of Section 14 above.  The Company
             and Independent Contractor acknowledge that the covenants


<PAGE>    Exhibit 10.3 - Pg. 10


             contained in Section 8 and 9 of this Agreement shall be
             construed as agreements independent of any provision of
             this or any other contract between the Company and
             Independent Contractor, and that the existence of any claim
             or cause of action by a party hereto against the other
             party hereto, whether predicated upon this or any other
             contract, shall not constitute a defense to the enforcement
             by the Company of said covenants.

        16.  Invalidity of any Provisions.
             -----------------------------

             It is the intention of the parties hereto that the
             provisions of this Agreement be enforced to the fullest
             extent permissible by the laws and public policies of each
             state and jurisdiction in which such enforcement is sought,
             but that the unenforceability (or the modification to
             confirm with such laws or public policies) of any provision
             hereof shall not render unenforceable or impair the
             remainder of this Agreement, which shall be deemed amended
             to delete or modify, as necessary, the invalid or
             unenforceable provisions.  The parties further agree to
             alter the balance of this Agreement I order to render the
             same valid and enforceable.

        17.  Survival/Waiver.
             ----------------

             The provisions of Sections 8, 9 and 11 of this Agreement
             shall survive the termination of this Agreement.  No waiver
             of any breach of this Agreement or provision herein
             contained shall be deemed a waiver of any preceding or
             succeeding breach thereof or of any agreement or provision
             herein contained.  No extension of time for performance of
             any obligation or acts shall be deemed an extension of time
             for performance of any other obligations or acts.

        18.  Responsibility for Compliance with Law.
             ---------------------------------------

             Nothing in this Agreement shall be interpreted as relieving
             Independent Contractor from his obligations to comply with
             all applicable laws, including the Securities Act of 1933,


<PAGE>    Exhibit 10.3 - Pg. 11


             the Securities Exchange Act of 1934, and the Rules and
             Regulations promulgated thereunder, the laws of the States
             in which Independent Contractor is registered or licensed,
             and the rules, regulations, interpretations and directives
             issued by the NASD or the SEC or any other securities
             exchanges.


IN WITNESS THEREOF, the undersigned have caused this Agreement to be
executed as of the date first written above:


                                "The Company"

                                RAIKE FINANCIAL GROUP, INC.

                                By:_______________________

                                Name:_____________________

                                Title:____________________




                                "Independent Contractor"

                                By:_______________________

                                Name:_____________________

                                Title:____________________


<PAGE>    Exhibit 10.3 - Pg. 12