EXHIBIT  4(b).1

                               SECURITY AGREEMENT
                               ------------------

              THIS AGREEMENT made this 1ST day of JANUARY , 2001

BETWEEN:

              CURRENT  CAPITAL  CORP,
              OF  TORONTO,  ONTARIO
                                                Hereinafter called the "Debtor",
                                                              OF THE FIRST PART,

                                     - and -

              DEALCHECK.COM  INC.,
              OF  TORONTO,  ON
                                                Hereinafter called the "Lender",
                                                             OF THE SECOND PART.

1.   GRANT  OF  SECURITY  INTEREST

     As  a  general  and continuing security for the payment of all obligations,
indebtedness  and liabilities of the Debtor to the Lender whether incurred prior
to,  at the time of, or subsequent to the execution hereof, including extensions
or  renewals,  and  all  other liabilities of the Debtor to the Lender direct or
indirect,  wheresoever  and  howsoever  incurred and any ultimate unpaid balance
thereof,  including,  without  restricting  the  generality  of  the  foregoing,
advances  to the Debtor and the obligation and liability of the Debtor under any
contract  of  guarantee  now  or  hereafter  in  existence  whereby  the  Debtor
guarantees payment of the debts, liabilities and obligations of a third party to
the  Lender,  (all  of  the  foregoing being herein called, and included in, the
"Obligations"),  the  Debtor  hereby  grants to the Lender a continuing security
interest  in  the  undertaking  of  the  Debtor and in all Goods, Chattel Paper,
Documents  of Title, Instruments, Intangibles, Securities and any other personal
property  or rights now or hereafter owned or acquired by the Debtor (all of the
foregoing  being  herein  called,  and  included  in,  the  "Collateral").

2.   REPRESENTATIONS  AND  WARRANTIES  OF  DEBTOR

     The  Debtor  hereby  warrants  and  agrees  with  the  Lender  as  follows:

     (a)  The  Debtor  will not, during the currency of this Agreement, give any


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          further  or  other  security  agreement covering the Collateral to any
          party other than the Lender and no financing statement (other than any
          which  may  be  filed  on  behalf  of  the Lender) covering any of the
          Collateral  is, now or will be on file in any public office while this
          Security  Agreement  remains  outstanding,  save  that  the Debtor may
          create  a  purchase  money  security  interest in collateral hereafter
          acquired  but  only  if  such  interest  is perfected and notification
          thereof  given  to  the  Lender  pursuant  to  the  provisions  of the
          governing  statutes  in  that  behalf.

     (b)  That  except  for the security interest granted hereby, the Debtor is,
          or,  as  to Collateral acquired after the date hereof (save a purchase
          money  security  interest as above described) will be the owner of the
          Collateral,  free  from  any  adverse  lien,  security  interest  or
          encumbrance, and agrees that it will defend the Collateral against all
          claims and demands of all persons at any time claiming the same or any
          interest  therein.

     (c)  The Debtor shall from time to time forthwith on request furnish to the
          Lender in writing all information requested relating to the Collateral
          and  the  Lender  shall  be  entitled from time to time to inspect the
          aforesaid  collateral and to take temporary custody of and make copies
          of  all  documents  relating  to  the accounts receivable and for such
          purposes  the Lender shall have access to all premises occupied by the
          Debtor  or  where  the  Collateral  or  any  of  it  may  be  found.

     (d)  The  Debtor  shall from time to time forthwith on the Lender's request
          do,  make  and  execute  all  such  financing  statements,  further
          assignments, documents, acts, matters and things as may be required by
          the Lender of or with respect to the Collateral or any part thereof or
          as  may  be  required to give effect to these presents, and the Debtor
          hereby  constitutes and appoints the Manager or acting Manager for the
          time  being  of  the  above-mentioned  office  of  the  Lender, or any
          receiver  appointed  by  the Court or Lender as hereafter set out, the
          true  and lawful attorney of the Debtor irrevocably with full power of
          substitution  to do, make and execute all such assignments, documents,
          acts,  matters  or things with the right to use the name of the Debtor
          whenever  and  wherever  it  may  be  deemed  necessary  or expedient.

     (e)  The Debtor shall keep the inventory and equipment insured against loss
          by  fire and such other risks as the Lender may reasonably require for
          their  full  insurable  value  and will pay all premiums in connection
          with  such  insurance.  All  policies  of  insurance  and the proceeds
          thereof  will  be  held  in trust by the Debtor for the benefit of the
          Lender  under the provisions of this Agreement. If the Debtor neglects
          to  provide  such insurance, the Lender may obtain the same and charge
          the  premiums  therefor  to  the Debtor, together with interest at the
          rate  currently  charged  to  the  Debtor under its obligations to the
          Lender  at  the  date  of  payment  of  the  premium  by  the  Lender.


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3.   DEFAULT

     At  the  option  of  the  Lender,  the security hereby granted shall become
     enforceable  upon  the  happening  of  any  of  the  following  events:

     (a)  if the Debtor fails to pay or perform when due any of the Obligations;

          if  the Debtor fails to perform any provisions of this Agreement or of
          any  other  agreement  to which the Debtor and the Lender are parties;

     (c)  if  any  of  the  representations and warranties in this Agreement was
          incorrect  when  made  or  deemed  to  have  been  made;

     (d)  if  the  Debtor ceases or threatens to cease to carry on its business,
          commits  an  act of bankruptcy, becomes insolvent, makes an assignment
          or bulk sale of its assets, or proposes a compromise or arrangement to
          its  creditors;

     (e)  if  any  proceeding  is  taken  with  respect  to  a  compromise  or
          arrangement,  or  to have the Debtor declared bankrupt or wound up, or
          to  have  a receiver appointed of any part of the Collateral or if any
          encumbrancer  takes  possession  of  any  part  thereof;

     (f)  if  any execution, sequestration or other process of any court becomes
          enforceable against the Debtor or if any distress or analogous process
          is  levied  upon  the  Collateral  or  any  part  thereof;

     (g)  if  the  Lender in good faith believes that the prospect of payment or
          performance  of  any  of  the  Obligations  is  impaired;

     and  in  such  event:

     (a)  The Lender may, in addition to any other rights, appoint by instrument
          in  writing a receiver of all or any part of the collateral and remove
          or  replace  such  receiver  from  time  to  time  or  may  institute
          proceedings in any Court of competent jurisdiction for the appointment
          of  such  a  receiver. Where the Lender is hereafter in this paragraph
          referred  to  the  terms shall, where the context permits, include any
          Receiver  so appointed and the officers, employees, servants or agents
          of  such  Receiver.

     (b)       The Debtor will forthwith upon demand assemble and deliver to the
          Lender  possession  of  all  the  Collateral  at  such place as may be
          specified  by  the  Lender. In any event, at its option the Lender may
          take  such  steps  as  it  considers  necessary or desirable to obtain
          possession  of  all or any part of the Collateral, and to that end the
          Debtor  agrees that the Lender may by its servants, agents or Receiver


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          at  any  time  during the day or night, enter upon lands and premises,
          and  if  necessary  break  into  houses,  buildings  and  enclosures,
          wheresoever  and  whatsoever where the Collateral may be found for the
          purpose  of  taking  possession  of and removing the Collateral or any
          part  thereof.

     (c)  The  Lender  may seize, collect, realize, borrow money on the security
          of,  release to third parties or otherwise deal with the Collateral or
          any part thereof in such manner, upon such terms and conditions and at
          such  time  or times as may seem to it advisable and without notice to
          the  Debtor  (except as otherwise required by any applicable law), and
          may  charge  on  its  own behalf and pay to others reasonable sums for
          expenses incurred and for services rendered (expressly including legal
          advice  and  services,  and  receivers  and  accounting fees) in or in
          connection  with  seizing,  collecting,  realizing,  borrowing  on the
          security  of,  selling  or obtaining payment of the Collateral and may
          add  the  amount  of  such  sums  to  the  indebtedness of the Debtor.

     (d)  At  its option, to be notified to the Debtor in the manner provided by
          the  governing statute, the Lender may elect to retain all or any part
          of  the  Collateral  in  satisfaction  of the obligations to it of the
          Debtor.

     (e)  The  Lender  shall  not  be  liable  or accountable for any failure to
          seize,  collect,  realize, sell or obtain payment of the Collateral or
          any  part  thereof and shall not be bound to institute proceedings for
          the  purpose of seizing, collecting, realizing or obtaining possession
          or  payment of the same or for the purpose of preserving any rights of
          the  Lender,  the  Debtor  or any other person, firm or corporation in
          respect  of  same.

     (f)  The  Lender  may  grant extensions of time and other indulgences, take
          and  give  up  securities,  accept  compositions,  grant  releases and
          discharges,  release  any  part of the Collateral to third parties and
          otherwise  deal  with  the Debtor, debtors of the Debtor, sureties and
          others  and with the Collateral and other securities as the Lender may
          see  fit  without  prejudice  to  the  liability  of the Debtor or the
          Lender's  right  to  hold  and  realize  the  collateral.

     (g)  All  monies  collected  or  received  by  the Lender in respect of the
          Collateral may be applied on account of such parts of the indebtedness
          and liability of the Debtor as to the Lender seems best or may be held
          unappropriated  in  a  collateral  account or in the discretion of the
          Lender  may  be  released  to the Debtor, all without prejudice to the
          Lender's  claims  upon  the  Debtor.

     (h)  In  the  event of the Lender taking possession of the said Collateral,
          or  any  part  thereof  in  accordance  with  the  provisions  of this
          Agreement,  the  Lender shall have the right to maintain the same upon
          the  premises on which the Collateral may then be situate, and for the
          purpose  of  such  maintaining  shall  be entitled to the free use and


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          enjoyment  of  all necessary buildings, premises, housing, shelter and
          accommodation  for  the  proper maintaining, housing and protection of
          the  said  Collateral,  and  for its servant or servants, assistant or
          assistants,  and  the  Debtor covenants and agrees to provide the same
          without  cost  or  expense to the Lender until such time as the Lender
          shall determine in its discretion to remove, sell or otherwise dispose
          of  the  said  Collateral  so  taken possession of by it as aforesaid.

     (i)  To  facilitate  the realization of the Collateral the Lender may carry
          on  or concur in the carrying on of all or any part of the business of
          the  Debtor  and  may  to  the  exclusion of all others, including the
          Debtor,  enter  upon,  occupy  and  use  all  or  any of the premises,
          buildings,  plant and undertaking of or occupied or used by the Debtor
          and use all or any of the tools, machinery and equipment of the Debtor
          for  such  time as the Lender sees fit, free of charge, to manufacture
          or  complete the manufacture of any inventory and to pack and ship the
          finished product, and the Lender shall not be liable to the Debtor for
          any  neglect  in  so  doing  or  in  respect  of  any  rent,  charges,
          depreciation  or  damages  in  connection  with  such  actions.

     (j)  The Lender may, if it deems it necessary for the proper realization of
          all or any part of the Collateral, pay any encumbrance, lien, claim or
          charge  that  may exist or be threatened against the same and in every
          such  case  the  amounts  so  paid  together  with  costs, charges and
          expenses  incurred  in  connection  therewith  shall  be  added to the
          obligations  of  the Debtor to the Lender as hereby secured, and shall
          bear  interest  at  the rate currently charged to the Debtor under its
          obligations  to  the  Lender  at  the  date  of payment thereof by the
          Lender.

     (k)  If  after  all  the  expenses  of  the  Lender  in connection with the
          preservation  and  realization  of  the  Collateral as above described
          shall  have  been  satisfied and all obligations, including contingent
          obligations, of the Debtor to the Lender shall have been satisfied and
          paid  in  full  together  with  interest, any balance of monies in the
          hands  of the Lender arising out of the realization of the Collateral,
          shall  be  paid  to  any  person other than the Debtor whom the Lender
          knows  to  be  the owner of the Collateral, and in the absence of such
          knowledge,  such  balance  shall  be  paid  to  the  Debtor.

4.   DEALING  WITH  COLLATERAL  BY  THE  DEBTOR:

     (a)  The  Debtor  in  the ordinary course of its business may lease or sell
          items of inventory, so that the purchaser thereof takes title clear of
          the  security  interest  hereby  created,  but  if  such sale or lease
          results  in  an account receivable, such account receivable is subject
          to  the  security  interest  hereby  created.

     (b)  In  the  event  that  the  Debtor  shall collect or receive any of the
          accounts  receivable  or  shall  dispose of and be paid for any of the
          other  Collateral  covered by this agreement, all non-cash proceeds of
          such  disposition  shall  be  subject  to the security interest hereby


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          created and all monies so collected or received by the Debtor shall be
          received  as  Trustee  for  the  Lender and shall be held separate and
          apart  from  other  monies  of the Debtor, and shall forthwith be paid
          over  to  the  Lender.

5.   This  Agreement  is  in  addition  to and not in substitution for any other
     agreement  between  the parties creating a security interest in all or part
     of  the Collateral, and whether heretofore or hereafter made, and the terms
     of  such  other  agreement  or  agreements  shall be deemed to be continued
     unless  expressly  provided  to  the  contrary in writing and signed by the
     parties.

6.   Any  notice required to be given to the Debtor or the Lender may be sent by
     prepaid  registered  mail addressed to the appropriate party at the address
     above  shown,  or such further or other address as such party may notify to
     the other in writing from time to time, and if so sent, the notice shall be
     deemed  to  have  been  given on the fifth day following the day when it is
     deposited  in  the  post  office.

7.   Any  failure  of the Lender to exercise any right set out in this Agreement
     in  any  particular  instance  shall not constitute a waiver thereof in any
     other  instance.

8.   All  rights  of  the Lender hereunder shall be assignable and in any action
     brought  by an assignee to enforce such rights, the Debtor shall not assert
     against  the  assignee any claim or defence which the Debtor now has or may
     hereafter  have  against  the  Lender.

9.   This  Agreement  shall  be  interpreted  in accordance with the laws of the
     Province  of  ONTARIO.  Reference  to the governing statute shall be to the
     PERSONAL  PROPERTY  SECURITY  ACT  of ONTARIO as amended from time to time.

10.  This Agreement and everything herein contained shall extend to and bind and
     may  be  taken  advantage  of  by  the  respective  heirs,  executors,
     administrators,  successors  and  assigns,  as the case may be, of each and
     every  of  the  parties  hereto, and where there is more than one Debtor or
     there  is  a  female party or a corporation, the provisions hereof shall be
     read  with  all  grammatical  changes  thereby rendered necessary and where
     there is more than one Debtor all covenants shall be deemed to be joint and
     several.

     IN  WITNESS  WHEREOF  THE  DEBTOR  has hereunto set its corporate seal duly
attested  by the hands of its proper officers as of the day and year first above
written.


                              CURRENT  CAPITAL  CORP
                              Per: /s/ Robert  Kennedy
                                   -------------------
                              ROBERT  KENNEDY


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