BUSINESS CONSULTING AGREEMENT

      AGREEMENT, made this 29th day of January, 2001 by and between
      ThermoElastic Technologies, Inc., whose principle place of business is at
      5466 Canvasback Road, Blaine, WA. 98230, hereinafter the "Company" and LBI
      Group, Inc., whose principle place of business is at 10100 West Sample
      Road, Suite 401, Coral Springs, Florida 33065 hereinafter the
      "Consultant".

      WHEREAS, the Company desires to obtain Consultant's services in connection
      with the Company's business affairs and Consultant is willing to undertake
      to provide such services as hereinafter fully set forth;

                                   WITNESSETH

NOW, THEREFORE, the parties agree as follows:

      1.    TERM: This Agreement shall be for a term of Twelve (12) months.

      2.    NATURE OF SERVICES: Consultant will render advice and assistance to
            the Company on business related matters and in connection therewith
            Consultant shall:

            (a)   Attend meetings of the Company's Board of Directors or
                  Executive Committee(s) when so requested by the Company;

            (b)   Attend meetings and at the request of the Company's review,
                  analyze and report on proposed business opportunities;

            (c)   Consult with the Company concerning strategic corporate
                  planning, including any revision of the Company's business
                  plan when requested by the company.

      2.    CONSULTANT AGREES TO PERFORM THE FOLLOWING SERVICES:

            (a)   Locate acquisitions for the Company;

            (b)   Assist in negotiating potential acquisitions;

            (c)   Assist in the implementation of short term and long term
                  strategic planning as required by the Company;

            (d)   Assist the Company in identifying and establishing corporate
                  partnerships, joint ventures and sublicensing arrangements
                  with potential users of the Company's products to establish
                  and enhance brand credibility and sales.

      3.    IT IS AGREED that the Consultant's services will not include any
            services that constitute the rendering of legal opinions or
            performance of work that is in the ordinary purview of a certified
            public accountant or any work that it is the ordinary purview of a
            registered broker/dealer.

      5.    COMPENSATION: The Company agrees to compensate Consultant as
            follows:

            Upon execution of this Agreement, the Company shall issue Consultant
            Five Hundred Thousand (500,000) options under Form S-8 to acquire
            Five hundred thousand (500,000) Shares of the Company's free trading
            common stock at an exercise price of $0.14 per share. The options
            shall be issued as follows:

               Paul Lovito-            200,000 options
               Matthews Lovito-        100,000 options
               Marc Lovito-            100,000 options
               Darrin Lovito-          100,000 options

      4.    EXPENSES: The Company shall reimburse the Consultant for actual
            out-of- pocket expenses incurred relative to the performance of the
            Consultant's duties. All reimbursable expenses must be pre-approved
            by the company.

      5.    LIABILITY OF CONSULTANT: In furnishing the Company with management
            advice and other services as herein provided, neither Consultant nor
            any officer, director or agent thereof shall be liable to the
            Company or its creditors for errors of judgment or for anything
            except malfeasance, bad faith or gross negligence in the performance
            of its duties or reckless disregard of its obligations and duties
            under the terms of this agreement.
<PAGE>

            It is further understood and agreed that Consultant may rely upon
            information furnished to it reasonably believed to be accurate and
            reliable and that, except as herein provided, Consultant shall not
            be accountable for any loss suffered by the Company by reason of
            Company's action or non-action on the basis of any advice,
            recommendation or approval of Consultant, its employees or agents.

            The parties further acknowledge that Consultant undertakes no
            responsibility for the accuracy of any statements to be made by
            management contained in press releases or other communications,
            including, but not limited to, filings with the Securities and
            Exchange Commission and the National Association of Securities
            Dealers.

6.    STATUS OF CONSULTANT: Consultant shall be deemed to be an independent
      contractor and, except as expressly provided or authorized in this
      Agreement, shall have no authority to act or represent the Company.

7.    OTHER ACTIVITIES OF CONSULTANT: The Company recognizes that the
      Consultant now renders and may continue to render consulting services
      to other companies which may or may not have policies and conduct
      activities similar to those of the Company.

8.    MISCELLANEOUS:

      (a)   All final decisions with respect to consultation, advice and
            services rendered by Consultant to the Company shall rest
            exclusively with the Company.

      (b)   This Agreement contains the entire agreement of the parties hereto
            and there are no representations or warranties other than those
            contained herein. Neither party may modify this Agreement unless the
            same is in writing and duly executed by both parties hereto.

      (c)   By signing this Agreement, the Company admits to having no prior
            knowledge of any pending S.E.C. investigations into the trading of
            the securities of the Company or the activities of the Company.

      (d)   In the event this Agreement or performance hereunder contravene
            public policy or constitute a material violation of any law or
            regulation of any federal or state government agency, or either
            party becomes insolvent or is adjudicated bankrupt or seeks the
            protection of any provision of the National Bankruptcy Act, or
            either party is enjoined, or consents to any order relating to any
            violation of any state or federal securities law, then this
            agreement shall be deemed terminated, and null and void upon such
            termination; neither party shall be obligated hereunder and neither
            party shall have any further liability to the other. In the event
            the Consultant
<PAGE>

            becomes insolvent or is adjudicated bankrupt or seeks the protection
            of any provision of the National Bankruptcy Act during the term of
            this Agreement, any options remaining unexercised at the time of the
            occurrence of any such event shall lapse and be null and void and of
            no effect and the Company shall have the right to buy back any
            shares resulting from the exercise of any of the options at the
            exercise price described in Paragraph 5 above.

      (e)   Any controversy or claim arising out of or related to this Agreement
            shall be settled by arbitration in accordance with the rules and
            under the auspices of the American Arbitration Association; and any
            arbitration shall be conducted in the city of Fort Lauderdale in the
            state of Florida.

Agreed and Accepted on this 29th day of January 2001.

                                        ThermoElastic Technologies, Inc.


                                        By:
                                           -------------------------------------
                                           Kenneth B. Liebscher, President

Agreed and Accepted on this 29th day of January 2001.


                                        ----------------------------------------
                                        Paul Lovito


                                        ----------------------------------------
                                        Matthew Lovito


                                        ----------------------------------------
                                        Marc Lovito


                                        ----------------------------------------
                                        Darrin Lovito