<PAGE>   1
                                  EXHIBIT "B"

                               PAYMENT AGREEMENT

                              made by and between

                         VECTOR AEROMOTIVE CORPORATION

                                      and

                        CORPORATE RELATIONS GROUP, INC.


THIS AGREEMENT is made this 1st day of October, 1995, and will serve as
confirmation of payment terms for services to be provided VECTOR AEROMOTIVE
CORPORATION ("CLIENT") whereby CORPORATE RELATIONS GROUP, INC. ("CRG") has
agreed to perform said service as defined in the "Lead Generation / Corporate
Relations Agreement."


                                     TERMS


A.       CLIENT will pay to CRG, ONE HUNDRED SEVENTY FIVE THOUSAND DOLLARS
         ($175,000 U.S. cy) or as a convenience to Client, 175,000 DOLLARS
         worth of free trading VECTOR AEROMOTIVE CORPORATION common shares. The
         formula shall be the $175,000 U.S. cy divided by the BID PRICE of the
         shares on the date of signing this agreement which has been determined
         to be $.50 per share. This will equal the amount of shares payable to
         CRG. This has been determined to be 350,000 common shares of VECTOR
         AEROMOTIVE CORPORATION.

B.       This Agreement is subject to compliance with the rules of the
         Exchanges and Securities Commissions on which Client is listed and 
         registered.

C.       In the event of termination of the Agreement by client, CRG shall be
         fully released and forever discharged by Client from any further
         obligations or liabilities with respect to the "Lead Generation /
         Corporate Relations Agreement" and any results therefrom, save and
         except liabilities arising from CRG's own negligence during the term
         of this Agreement. Concurrently, Client shall be fully released and
         forever discharged by CRG from any and all obligations of further
         payments or liabilities with respect to the "Lead Generation /
         Corporate Relations Agreement." This release in no way affects Point
         #6, Page 2 of the "Lead Generation / Corporate Relations Agreement."





                                                                    /s/  , /s/  
                                                                    -----------
                                                                      Initials
<PAGE>   2

                                  EXHIBIT "B"
                                    PAGE -2-

D.       Shares shall be subject to the Registration Rights Agreement as set
         forth in Exhibit "D".

E.       Company shall issue options to CRG as outlined below.

<TABLE>
<CAPTION>
         Amount           Price                             Duration
         ------           -----                             --------
         <S>              <C>              <C>
         50,000 shares    at $.50          One (1) year from the date of this Agreement

         50,000 shares    at $.62          One (1) year from the date of this Agreement

         50,000 shares    at $.75          One (1) year from the date of this Agreement

         50,000 shares    at $.85          Two (2) years from the date of this Agreement

         50,000 shares   at $1.75          Two (2) years from the date of this Agreement.
</TABLE>

F.       CRG represents and warrants to the Company that:

         1.      Accredited Investor.  CRG is an "accredited investor", as that
                 term is defined in Regulation D promulgated by the Commission
                 under the Securities Act of 1933, as amended (the "1933
                 Act"), in that it has total assets in excess of $5 million and
                 was not formed for the purpose of an investment in the shares.

         2.      CRG has received and read and is familiar with the Company's
                 filings with the Securities and Exchange Commission.  CRG 
                 confirms that all documents, records and books pertaining to 
                 the Company requested by CRG have been made available or 
                 delivered to CRG. CRG has had an opportunity to ask questions 
                 of and to receive answers from the management of the Company.

         3.      CRG understands that the shares, the options and the shares
                 underlying the options (collectively, the "Securities") will
                 not be registered under the 1933 Act or any securities act of
                 any state or other jurisdiction, in reliance on registration
                 exemptions under such statutes for private offerings. The
                 Securities are being and will be acquired solely for CRG's own
                 account. CRG will not sell or otherwise transfer any of the
                 Securities except in accordance with the 1933 Act and all
                 other applicable securities laws, and prior to any transfer
                 (other than pursuant to an effective registration statement
                 under the 1933 Act and otherwise in compliance with applicable
                 law) CRG will furnish to the Company a written opinion of
                 counsel





                                                                    /s/  , /s/  
                                                                    ------------
                                                                      Initials
<PAGE>   3

                                  EXHIBIT "B"
                                    PAGE -3-

                 in form and substance satisfactory to the Company, to the
                 effect that all requisite action has been taken under all
                 applicable securities laws in connection with the proposed
                 transfer. CRG acknowledges its understanding that the
                 Securities will bear a legend substantially in the following
                 form until the Company's counsel determines that the legend is
                 no longer advisable:

                          The securities evidenced by this certificate have not
                          been registered under the Securities Act of 1933, as
                          amended (the "Act") or under the securities laws of
                          any jurisdiction, and must be held indefinitely
                          unless they are transferred pursuant to an effective
                          registration statement under the Act and in
                          compliance with all applicable securities laws, or
                          after receipt of an opinion of counsel, in form and
                          substance satisfactory to Vector Aeromotive
                          Corporation that registration is not required and the
                          transfer does not violate any applicable securities
                          law.

                 CRG also acknowledges that appropriate stop transfer orders
                 will be noted on the Company's records with respect to the
                 shares and any shares of common stock issued upon exercise of
                 the options.

         IN WITNESS WHEREOF, this Agreement is executed as of the date first
         above written.

<TABLE>
         <S>                                  <C>
         CORPORATE RELATIONS GROUP, INC.

         BY:     /s/ Roberto E. Veitia        BY:     /s/ James A. Skalko               
                 ------------------------             ----------------------------------
                 Roberto E. Veitia                    James A. Skalko
                 President                            Vice President, Investment Banking



         BY:     /s/ Daniel A. St. Pierre
                 ------------------------
                 Daniel A. St. Pierre, Broker Relations Representative


         VECTOR AEROMOTIVE CORPORATION


         BY:     /s/ Pete Rose           
                 ------------------------
                 Pete Rose
                 President
</TABLE>





                                                                    /s/  , /s/  
                                                                    ------------
                                                                      Initials
<PAGE>   4

                                  EXHIBIT "B"

                               PAYMENT AGREEMENT

                              made by and between

                         VECTOR AEROMOTIVE CORPORATION

                                      and

                        CORPORATE RELATIONS GROUP, INC.


THIS AGREEMENT is made this 1st day of October, 1995, and will serve as
confirmation of payment terms for services to be provided VECTOR AEROMOTIVE
CORPORATION ("CLIENT") whereby CORPORATE RELATIONS GROUP, INC. ("CRG") has
agreed to perform said services as defined in the "Lead Generation / Corporate
Relations Agreement."


                                     TERMS


A.       CLIENT will pay to CRG, ONE HUNDRED SEVENTY FIVE THOUSAND DOLLARS
         ($175,000 U.S. cy) and as a convenience to Client, the 175,000 DOLLAR
         payment will be made in two (2) forms: $30,000 U.S. cy and $145,000
         worth of free trading VECTOR AEROMOTIVE CORPORATION common shares. The
         formula shall be the $145,000 U.S. cy divided by the BID PRICE of the
         shares on the date of signing this agreement which has been determined
         to be $.50 per share. This will equal the amount of shares payable to
         CRG. This has been determined to be 290,000 common shares of VECTOR
         AEROMOTIVE CORPORATION.

B.       This Agreement is subject to compliance with the rules of the
         Exchanges and Securities Commissions on which Client is listed and
         registered.

C.       In the event of termination of the Agreement by client, CRG shall be
         fully released and forever discharged by Client from any further
         obligations or liabilities with respect to the "Lead Generation /
         Corporate Relations Agreement" and any results therefrom, save and
         except liabilities arising from CRG's own negligence during the term
         of this Agreement. Concurrently, Client shall be fully released and
         forever discharged by CRG from any and all obligations of further
         payments or liabilities with respect to the "Lead Generation /
         Corporate Relations Agreement." This release in no way affects Point
         #6, Page 2 of the "Lead Generation / Corporate Relations Agreement."





                                                                    /s/  , /s/  
                                                                    ------------
                                                                      Initials
<PAGE>   5

                                  EXHIBIT "B"
                                    PAGE -2-

D.       Shares shall be subject to the Registration Rights Agreement as set
         forth in Exhibit "D".

E.       Company shall issue options to CRG as outlined below.

<TABLE>
<CAPTION>
         Amount           Price                             Duration
         ------           -----                             --------
         <S>              <C>              <C>
         50,000 shares    at $.50          One (1) year from the date of this Agreement

         50,000 shares    at $.62          One (1) year from the date of this Agreement

         50,000 shares    at $.75          One (1) year from the date of this Agreement

         50,000 shares    at $.85          Two (2) years from the date of this Agreement

         50,000 shares   at $1.75          Two (2) years from the date of this Agreement.
</TABLE>

F.       CRG represents and warrants to the Company that:

         1.      Accredited Investor.  CRG is an "accredited investor", as that
                 term is defined in Regulation D promulgated by the Commission
                 under the Securities Act of 1933, as amended (the "1933
                 Act"), in that it has total assets in excess of $5 million and
                 was not formed for the purpose of an investment in the shares.

         2.      CRG has received and read and is familiar with the Company's
                 filings with the Securities and Exchange Commission.  CRG 
                 confirms that all documents, records and books pertaining to 
                 the Company requested by CRG have been made available or 
                 delivered to CRG. CRG has had an opportunity to ask questions 
                 of and to receive answers from the management of the Company.

         3.      CRG understands that the shares, the options and the shares
                 underlying the options (collectively, the "Securities") will
                 not be registered under the 1933 Act or any securities act of
                 any state or other jurisdiction, in reliance on registration
                 exemptions under such statutes for private offerings. The
                 Securities are being and will be acquired solely for CRG's own
                 account. CRG will not sell or otherwise transfer any of the
                 Securities except in accordance with the 1933 Act and all
                 other applicable securities laws, and prior to any transfer
                 (other than pursuant to an effective registration statement
                 under the 1933 Act and otherwise in compliance with applicable
                 law) CRG will furnish to the Company a written opinion of
                 counsel





                                                                    /s/  , /s/  
                                                                    ------------
                                                                      Initials
<PAGE>   6

                                  EXHIBIT "B"
                                    PAGE -3-

                 in form and substance satisfactory to the Company, to the
                 effect that all requisite action has been taken under all
                 applicable securities laws in connection with the proposed
                 transfer. CRG acknowledges its understanding that the
                 Securities will bear a legend substantially in the following
                 form until the Company's counsel determines that the legend is
                 no longer advisable:

                          The securities evidenced by this certificate have not
                          been registered under the Securities Act of 1933, as
                          amended (the "Act") or under the securities laws of
                          any jurisdiction, and must be held indefinitely
                          unless they are transferred pursuant to an effective
                          registration statement under the Act and in
                          compliance with all applicable securities laws, or
                          after receipt of an opinion of counsel, in form and
                          substance satisfactory to Vector Aeromotive
                          Corporation that registration is not required and the
                          transfer does not violate any applicable securities
                          law.

                 CRG also acknowledges that appropriate stop transfer orders
                 will be noted on the Company's records with respect to the
                 shares and any shares of common stock issued upon exercise of
                 the options.

         IN WITNESS WHEREOF, this Agreement is executed as of the date first
          above written.

<TABLE>
         <S>                                  <C>
         CORPORATE RELATIONS GROUP, INC.


         BY:     /s/ Roberto E. Veitia        BY:     /s/ James A. Skalko               
                 ------------------------             ----------------------------------
                 Roberto E. Veitia                    James A. Skalko
                 President                            Vice President, Investment Banking



         BY:     /s/ Daniel A. St. Pierre
                 ------------------------
                 Daniel A. St. Pierre, Broker Relations Representative


         VECTOR AEROMOTIVE CORPORATION


         BY:     /s/ Pete Rose           
                 ------------------------
                 Pete Rose
                 President
</TABLE>





                                                                    /s/  , /s/  
                                                                    ------------
                                                                      Initials