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                                                                   EXHIBIT 10

                              RESIGNATION AGREEMENT


RESIGNATION AGREEMENT entered into this ____ day of October 2000 among Richard
H. Bach, residing at 1039 Robinson Road Mohawk, New York 13407, the affiliates
of Richard H. Bach whose signatures are set forth on the signature page hereof
(the "Richard H. Bach Lenders") and The Financial Commerce Network, Inc.
("TFCN"), a Nevada corporation, with principal offices at 63 Wall Street 21st
Floor, New York, New York 10005.

         WHEREAS, Richard H. Bach desires to resigns as Chief Executive Officer,
Chairman of the Board and director of TFCN. and upon completion or signing of
this Agreement does hereby resign as Chairman and Director of The Financial
Commerce Network, Inc.;

         WHEREAS, Richard H. Bach has made loans (the "Loans") to TFCN that are
outstanding on the date hereof, permitted TFCN to defer payment of salary to him
(the "Deferred Salary") and contributed 250,000 shares (the "Shares") of Common
Stock, par value $.001 per share, (the "Common Stock") to TFCN and its
subsidiaries;

         WHEREAS, the parties hereto desire to set forth, among other things,
the various responsibilities of TFCN with respect to the Loans, the Deferred
Salary and the Shares on an ongoing basis;

         NOW THEREFORE, the parties hereto agree as follows:

1        REPAYMENT OF LOANS AND PAYMENT OF DEFERRED SALARY

1.1      LOANS. The estimated outstanding principal amount of the Loans as at
         October 17, 2000 is set forth on Schedule 1.1 and the name of the
         lender (which Richard H. Bach represents is either Richard H. Bach or a
         Richard H. Bach Lender, each of which is an affiliate of Richard H.
         Bach). The final determination of the principal amount of the Loans
         shall be determined in accordance with the procedure set forth on
         Exhibit A. Interest shall accrue on a monthly basis with respect to the
         Loans from and after the date hereof at the rate of __% per annum. The
         Loans shall be repaid in the manner set forth below.

1.1.1    TFCN agrees to pay Richard H. Bach, or the Richard H. Bach Lender
         designated by Richard H. Bach, Five Thousand Dollars ($5,000.00) per
         week in respect of the Loans and interest accruing thereon commencing
         effective the week ending October 20, 2000, until the Loans and accrued
         interest have been paid in full.

1.1.2    Twenty (20%) percent of the net proceeds of any and all future
         financings raised for TFCN, from the sale of debt or equity securities
         or warrants, options or similar rights for the purchase thereof shall
         be paid to Richard H. Bach or to the Richard H. Bach


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         Lender in respect of the Loans, until the Loans and accrued interest
         have been paid in full.

1.1.3    All payments with respect to the Loans shall be applied first to
         interest and then to principal.

1.2      DEFERRED SALARY. The estimated outstanding deferred salary of Richard
         H. Bach as of the date hereof is set forth on Schedule 1.2 ("Deferred
         Salary"). The final determination of the Deferred Salary shall be
         determined in accordance with the procedure set forth on Exhibit A
         hereto.

1.2.1    After the Loans have been repaid in full, ten (10%) percent of the net
         proceeds of any and all future financings raised for TFCN, from the
         sale of debt or equity securities or warrants, options or similar
         rights for the purchase thereof shall be paid to Richard H. Bach in
         respect of Deferred Salary, until the Deferred Salary has been paid in
         full.

2        RESIGNATION

         This Agreement shall not be effective unless and until Richard H. Bach
         executes and delivers his resignation as Chief Executive Officer,
         Chairman of the Board and director of TFCN and his positions of officer
         or director of any subsidiaries of TFCN in the form annexed as Exhibit
         B.

3        COVENANTS AND ADDITIONAL AGREEMENTS OF TFCN

3.1      At any time that Richard H. Bach owns 25% of his current holdings of
         TFCN or the Loans, Deferred Salary or any other present obligations of
         TFCN guaranteed by Richard H. Bach remain outstanding, TFCN shall not,
         without the prior consent of Richard H. Bach, issue or sell any common
         stock, preferred stock or convertible debt of TFCN other than:

         a. securities issuable with respect to presently outstanding option,
         warrants, convertible debt or other derivative securities; or

         b. [intentionally omitted]

         c. Five Hundred Thousand shares (500,000) of common stock to be issued,
         over the next six months, for recruiting employees or promoting the
         company , to be issued on a performance basis.


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3.2      TFCN shall pay Richard H. Bach a commission of ninety (90%) percent of
         payout, less standard ticket charges, on all trades executed for or on
         behalf of all of Richard H. Bach's clients as set forth on Schedule
         2.2, and any new clients approved and so designated by TFCN, through
         Alexander, Wescott & Co., Inc. Richard H. Bach shall arrange for all
         such trades to be executed by an Alexander Wescott & Co., Inc. ("ALWC")
         registered brokers located at registered offices of AWC.

3.3      TFCN shall pay Richard H. Bach a commission of ninety (90%) percent of
         net payout on all investment banking fees generated by Richard H. Bach
         for and on behalf of AWC.

3.4      AWC shall allow Richard H. Bach to maintain his registered
         representative registration, through the National Association of
         Security Dealers Central Depository System, for a minimum period of up
         to ten (10) years; provided that Richard H. Bach continues to qualify
         under applicable rules and regulation.

3.5      Richard H. Bach will reimburse TFCN for any health insurance premiums
         paid on his behalf pursuant to COBRA.

3.6      TFCN agrees to issue to Richard H. Bach or an affiliate designated by
         Richard H. Bach, in lieu of severance, on or before December 31, 2000,
         Two Hundred Fifty Thousand (250,000) shares of Common Stock.

3.7      No clients of Richard H. Bach listed on Schedule 2.2, are to be
         contacted or solicited in any way by TFCN or any AWLC employee, now or
         in the future, unless previously authorized in writing by Richard H.
         Bach: provided that this restriction shall lapse upon the death or
         permanent disability of Richard H. Bach. No other clients of TFCN are
         to be contacted or solicited in any way by Richard H. Bach, now or in
         the future, unless previously authorized in writing by TFCN.

4        SUBLEASE

4.1      TFCN shall continue after the date hereof to occupy its present offices
         (the "Offices").

4.2      TFCN and the Richard H. Bach affiliate holding the lease of the Offices
         shall enter into a six month sublease of the Offices commencing
         November 1, 2000 at an aggregate rent of $12,000 or 80% of fair market
         value, the lesser of the two, without any security deposit.

4.3      Until January 1, 2001, Richard H. Bach will have the use of two offices
         and unlimited use of the conference room to the extent available. After
         January 1, 2001 space 2102 will revert back to Richard H. Bach.


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5        BOARD APPROVAL

         This Agreement shall be subject to the approval of the Board of
         Directors of TFCN and unless approved on or before October 31, 2000,
         shall be void as if never written.

6        MISCELLANEOUS

6.1      WAIVER. The failure of either party to insist, in any one or more
         instances, upon strict performance of any of the terms of conditions of
         this Agreement shall not be construed as a waiver or relinquishment of
         any right granted hereunder or of the future performance of any such
         term, covenant, or condition, but the obligations of either party with
         respect thereto shall continue in full force and effect.

6.2      ENTIRE AGREEMENT. It is expressly understood that this Agreement
         constitutes the entire agreement between the parties hereto The terms
         and conditions of this Agreement may be modified only by a written
         agreement signed by each of the parties hereto.

6.3      NOTICES. Any notice to be given hereunder shall be deemed sufficient if
         addressed in writing and delivered or mailed by certified or registered
         mail or overnight courier to the addresses set forth above listed
         below:

                  with a copy to, in case of notices to TFCN:

                           Snow Becker Krauss P.C.
                           605 Third Avenue
                           25th Floor
                           New York, New York  10158
                           Telecopier: (212) 949-7052
                           Attention: Jack Becker, Esq.

                  in the case of notices to Richard H. Bach:

                           [name and address of attorney]

or to such other address or addresses as may hereafter be designated by notice
as provided for in this paragraph. Notices shall be deemed given when actually
received.

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6.4      CONTROLLING LAW. All of the terms, conditions, and other provisions of
         this Agreement shall be interpreted and governed by reference to the
         laws of the State of New York as applied to agreements made and wholly
         performed within such State, and any dispute arising therefrom and the
         remedies available shall be determined in accordance with such laws.

6.5      PARAGRAPH HEADINGS. The paragraph headings in this Agreement are for
         the purpose of reference only and shall not limit or otherwise affect
         any of the terms hereof.

6.6      INVALID PROVISION(S). In the event and to the extent that any one or
         more of the provisions contained in this Agreement shall for any reason
         be held to be invalid, illegal or unenforceable, the same shall not
         affect any other provision of this Agreement, and this Agreement shall
         be construed to effect, as closely as possible, the original intent of
         such provision.

6.7      ASSIGNABILITY. This Agreement and all rights hereunder are personal to
         the Richard H. Bach and shall not be assignable and any purported
         assignment in violation thereof shall be null and void. Any person,
         firm or corporation succeeding to the business of TFCN by merger,
         consolidation, purchase of assets or otherwise, shall succeed by
         contract or operation of law to the rights and obligations of TFCN
         hereunder; provided, however, that TFCN shall, notwithstanding such
         assignment and assumption shall remain liable and responsible for the
         fulfillment of the terms and conditions of the Agreement on the part of
         TFCN to the extent TFCN is surviving.


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

                                              THE FINANCIAL COMMERCE
                                              NETWORK, INC.




               /s/                            By:       /s/
         ------------------------                 -----------------------------
         RICHARD H. BACH                          Ara Proudian, President


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<PAGE>

The undersigned hereby agrees to and accepts the provisions of this Resignation
Agreement that are required to be performed by it.


ALEXANDER WESCOTT & CO., INC.




BY:      /s/
    -------------------------



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                                                                      EXHIBIT A

The Corporation shall provide access at all reasonable time to Richard H. Bach's
accountant for purposes of determining the accuracy of the information with
respect to the Loans and Deferred Salary set forth on Schedules 1.1 and 1.2
hereto.

In the event either party (the "Objecting Party") does not concur with the
amount of the Loans from each Richard H. Bach Lender or Deferred Salary, such
party within 90 days after the date of this Agreement, time being of the
essence, may elect to seek a redetermination of the amount of the Loans or
Deferred Salary by giving notice (the "Notice of Objection") to the other party
provided such notice shall set forth with specificity the claimed amount of the
Loans or the Deferred Salary and the basis for such claim. If within 30 days
after the Notice of Objection, the other party does not elect by notice (the
"Notice electing Independent Determination") to the Objecting Party for a final
determination to be made by an independent party, the amounts set forth in the
Notice of Objection shall be final and binding. The Notice Electing Independent
Determination shall also contain the name of the accounting firm that will serve
as arbitrator (the "Arbitrator"), which shall be a reputable accounting firm
with more than 100 accounting professionals in the New York metropolitan area
and which is independent of the parties hereto, together with the description of
the Arbitrator's qualifications. If the Notice Electing Independent Appraisal is
timely made, the Arbitrator shall be retained jointly by TFCN and Bach to
determine the amount of the Loans or Deferred Salary in accordance with standard
audit practices and such determination shall be final and binding on the parties
hereto.

The fees of the Arbitrator shall be paid by the prevailing party which shall
mean the party whose determination of the aggregate amount of the Loans and
Deferred Salary is closest to the determination of the Arbitrator. In the event
a party does not file a Notice of Objection, its determination for purposes of
determining liability for the Arbitrator's fee shall be deemed to be the amounts
set forth on Schedules 1.1 and 1.2 hereto.

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<PAGE>



                                                                      EXHIBIT B

         The undersigned hereby resigns from his positions as officer or
director of The Financial Commerce Network, Inc. and any subsidiaries thereof,
including without limitation his positions as Chief Executive Officer, Chairman
of the Board and Director of The Financial Commerce Network, Inc.

Dated: October     , 20000



                                        -----------------------
                                        RICHARD H. BACH




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                                 RICHARD H. BACH
                               1039 ROBINSON ROAD
                                MOHAWK, NY 13407

                                                            November 29, 2000

The Financial Commerce Network, Inc.
63 Wall Street, 21st Floor
New York, NY 10005
         Attn.: Ara Proudian, President

Gentlemen:

         I refer you to the Resignation Agreement (the "Resignation Agreement")
signed in October 2000 between you, The Financial Commerce Network, Inc (the
"Company") and me. Please confirm by your signature below. Please confirm our
understanding by your signature below that (i) the Resignation Agreement remains
in full force and effect; (ii) the time set forth in paragraph 5 of the
Resignation Agreement for approval of the agreement by the Company's board of
directors is extended until December 15, 2000; and (iii) the interest rate on
the Loans (as defined in the Resignation Agreement) shall be 8%.

Sincerely,


/s/
-----------------
Richard H. Bach


Accepted and Agreed:

THE FINANCIAL COMMERCE NETWORK, INC.



By:    /s/
   ---------------------------------
        Ara Proudian, President



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