| AMENDMENT NO. 1 TO SETTLEMENT AGREEMENT

                     This      is Amendment No. 1 to the Settlement Agreement made as of February 4,      2004, by and among Ventures-National Incorporated d/b/a Titan General      Holdings Inc., a Utah corporation (the "Company"), Irrevocable      Children's Trust (the "Trust") and Robert Ciri ("Ciri")(the      "Agreement").      
                     WHEREAS,      Ciri and the Company entered into the Agreement as of February 4, 2004;      
                     WHEREAS,      Ciri and the Company wish to amend the terms and conditions of the      Settlement Agreement pursuant to this Amendment No. 1, which shall      supercede the terms and conditions contained in the Agreement in their      entirety.      
                     NOW,      THEREFORE, in consideration of the premises and the mutual covenants      hereinafter set forth, the parties agree as follows:      
           1.          PAYMENTS.      In full satisfaction of all amounts owing and unpaid by the Company to      Ciri as of the date of the Agreement:      
                        (i)      the Company agrees to pay Ciri an aggregate of $40,000 by wire transfer,      bank check or certified check, upon execution of this Amendment No. 1; and      
                        (ii)      the Trust agrees to pay $60,000 to Ciri, by wire transfer, bank check or      certified check, upon execution of this Amendment No. 1.      
           2.          NO      SETOFF. The obligation of the Company and the Trust to make the respective      payments or deliveries (as the case may be) provided for in this      Agreement, are absolute and unconditional and not subject to any defense,      set-off, counterclaim, rescission, recoupment, or adjustment whatsoever.      
           3.          TERMINATION      OF OPTIONS. Ciri agrees that any options to purchase shares of the Company's      stock registered in the name of Ciri shall be terminated effective as of      the date hereof.      
           4.          RELEASE.      Ciri waives, acquits, forever discharges and hereby releases the Company      from any and all claims, demands, actions, or causes of action, whether      known or unknown, arising from or related in any way to (i) any employment      of or past or future failure or refusal to employ Ciri by Company, or (ii)      any matter whatsoever which occurred or arose at any time prior to the      date hereof.      
           5.          ATTORNEY      FEES. Each party shall pay his or its own attorneys' fees, costs and      expenses related to this Agreement.      
           6.          EFFECTIVENESS.      This Agreement shall become effective upon the execution and delivery by      the parties hereto.      
--------------------------------------------------------------------------------------------------          7.          NOTICES.      Unless otherwise provided herein, all notices, requests and demands to or      upon the respective parties hereto to be effective shall be in writing      (including by telecopy) and, unless otherwise expressly provided herein,      shall be deemed to have been duly given or made when delivered, or three      business days after being deposited in the mail, postage prepaid, or, in      the case of telecopy notice, when received, addressed as set forth on the      signature pages hereof or to such other address as may be hereafter      notified by the respective parties hereto.      
           8.          AMENDMENTS      AND WAIVERS. No provision hereof shall be modified, altered or limited      except pursuant to a written instrument executed by the parties hereto.      
           9.          SEVERABILITY.      In the event that any court of competent jurisdiction shall determine that      any provision, or any portion thereof, contained in this Agreement shall      be unreasonable or unenforceable in any respect, then such provision shall      be deemed limited to the extent that such court deems it reasonable and      enforceable, and as so limited shall remain in full force and effect. In      the event that such court shall deem any such provision, or portion      thereof, wholly unenforceable, the remaining provisions of this Agreement      shall nevertheless remain in full force and effect.      
           10.          COUNTERPARTS.      This Agreement may be executed in any number of counterparts and by the      different parties hereto on separate counterparts, each of which when so      executed and delivered shall be an original and all of which shall      together constitute one and the same agreement.      
           11.          CAPTIONS.      The captions of the Sections of this Agreement have been inserted for      convenience only and shall not in any way affect the meaning or      construction of any provision of this Agreement.      
           12.          SUBMISSION      TO JURISDICTION. Each of the parties hereto irrevocably agrees that any      legal action or proceeding with respect to each Settlement Document or for      recognition and enforcement of any judgment in respect hereof brought by      any other party hereto or its successors or assigns may be brought and      determined in the courts of the State of New York, and each party hereto      hereby irrevocably submits with regard to any such action or proceeding      for itself and with respect to its property, generally and      unconditionally, to the nonexclusive jurisdiction of the aforesaid courts.      
           13.          GOVERNING      LAW. This Agreement shall be governed by, and construed in accordance      with, the laws of the State of New York.      
--------------------------------------------------------------------------------------------------                    IN      WITNESS WHEREOF the parties hereto or an officer thereof duly      authorized have executed this Agreement as of the day and date first set      forth above.      
                                                                       /s/      Robert Ciri                                                                                Robert      Ciri

**                                                                      VENTURES-NATIONAL      INCORPORATED**                                                                             By:         /s/ Kenneth L.      Shirley                                                                                            Name:      Kenneth L. Shirley                                                                             Title:      President and Chief Executive Officer

**                                                                       IRREVOCABLE      CHILDREN'S TRUST**                                                                             By:         /s/ David      Marks                                                                                                        Name:      David Marks                                                                             Title:      Trustee |
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