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                                                                   Exhibit 10.32


                     BOND FINANCING AND COMMISSION AGREEMENT

         THIS BOND FINANCING AND COMMISSION AGREEMENT ("Agreement") is entered
as of this 17th day of December, 2001, by and between e-MedSoft.com dba Med
Diversified ("MED"), on the one part, and Societe Financiere du Seujet Limited
and/or its designee ("SFSL") on the other part. MED and SFSL may hereinafter be
collectively referred to as the "Parties".

         The Parties hereto hereby irrevocably and unconditionally agree to the
following:

         1.       SFSL and/or its designee and MED shall create, execute and
                  fund up to US$1,000,000,000 (the "Bond Financing"), with a
                  minimum funding of US$300,000,000, based on MED's gross
                  revenue accounts receivable, at seven percent (7%) interest
                  net for three (3) years, over a one (1) year period, into
                  blocked and joint bank account(s) and subject to the terms and
                  conditions of the Med Diversified US$1.0 Billion Bond
                  Financing Facility, With A Minimum Funding of US$300,000,000,
                  Collateralized by Gross Accounts Receivable Term Sheet, a copy
                  of which is attached hereto as Exhibit "A" and incorporated
                  herein by reference.

         2.       SFSL and MED agree that such Bond Financing funds (the "Bond
                  Financing Funds") shall be used solely and exclusively for the
                  purchase of accounts receivable generated by MED.

         3.       As consideration to SFSL for such Bonding Financing, and
                  concurrent with payment of the Bond Financing Funds deposited
                  into such bank account(s) holding said bonds, SPSL and/or its
                  designees shall receive a cash commission equal to five and
                  one-half percent (5.5%) of such Bond Financing Funds.

         4.       SFSL and MED further agree that until the entire debt to
                  National Century Financial Enterprises, Inc. ("NCFE") is paid
                  in full, or a settlement is reached between NCFE and MED
                  which, to date, is approximately US$100,000,000, and all such
                  claims and obligations are fully released by and between MED
                  and NCFE, the Bond Financing Funds shall remain with SFSL's
                  bank (Private Investment Bank Limited) until MED can assign
                  the lock boxes held by NCFE and its banks, or, until a
                  solution to collateralize the Bond Financing Funds is agreed
                  to, in writing, by SFSL and MED.

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         5.       SFSL and MED agree that the gross revenue accounts receivable
                  collateral balance can never go below 150% of the outstanding
                  Bond amount. As an example, if the outstanding balance on the
                  Bonds are US$200M, the gross accounts receivable collateral
                  from MED to the bond holder would be US$300M or more. MED
                  agrees the Bond portfolio shall be made up of gross accounts
                  receivable from governments to the extent of 50% or more, and
                  gross accounts receivable from governments and insurance
                  companies to the extent of 90% or more.

         6.       The Bonds shall have a maturity date of 2004, with an interest
                  rate of 7.0% net per annum, with the right to extend an
                  additional two (2) years by increasing the interest rate to
                  7.5% net per annum. At MED's option, the Bonds may be prepaid
                  without penalty at any time prior to the maturity date.

         7.       SFSL and MED agree that in the event Frank P. Magliochetti,
                  Jr. is no longer the CEO and Chairman of MED, the Bonds are
                  immediately due in full.

         8.       This Agreement shall be binding upon the Parties hereto and
                  their heirs, executors, successors and assigns.

         9.       This Agreement may not be modified, amended, altered or
                  supplemented except upon the execution of a written agreement,
                  executed by each of the Parties hereto.

         10.      If any provision of this Agreement is held to be invalid, void
                  or unenforceable as a matter of law, the remaining provisions
                  hereof shall nevertheless continue in full force and effect.

         11.      This Agreement shall be governed by and construed in
                  accordance with Swiss laws.

         12.      This Agreement may be executed in separate counterparts, by
                  original and/or facsimile copy, each of which shall be deemed
                  an original, but all of which together shall constitute one
                  and the same instrument.

ACKNOWLEDGED, AGREED TO AND ACCEPTED THIS 17th DAY OF DEC., 2001.

SOCIETE FINANCIER                   B-MEDSOFT.COM DBA
DU SEUJET LIMITED                   MED DIVERSIFIED

By______________________            By__________________________
    Riccardo Mortara                    Frank P. Magliochetti, Jr.
    Authorized Signatory                Its President, Chief Executive Officer
                                        And Vice Chairman
                                        Authorized Signatory

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