Document:

Exhibit 10.15

                                AMERIFIRST, INC.

                           RECAPITALIZATION AGREEMENT

                                   Dated as of

                                September 9, 2004
<PAGE>

                                TABLE OF CONTENTS

ARTICLE 1 TRANSACTIONS RELATING TO THE INVESTMENT..............................3
   1.1   Contribution of Common Stock..........................................3
   1.2   Tawes Investment......................................................4
   1.3   Tawes Loan............................................................4
   1.4   Capitalization Table..................................................4
   1.5   Stockholders' Agreement...............................................4
   1.6   Prioritization of Unsecured Obligations; Return of Capital............4

ARTICLE 2 CORPORATE GOVERNANCE.................................................5

ARTICLE 3 REPRESENTATIONS AND WARRANTIES OF THE CORPORATION....................6
   3.1   Organization and Standing; Certificate of Incorporation and Bylaws....6
   3.2   Corporate Power.......................................................6
   3.3   Capitalization........................................................6
   3.4   Authorization.........................................................6
   3.5   Offering..............................................................7
   3.6   Disclosure............................................................7

ARTICLE 4 REPRESENTATIONS OF TAWES.............................................7
   4.1   Legal Power...........................................................7
   4.2   Due Execution.........................................................7
   4.3   Investment Representations............................................7

ARTICLE 5 CLOSING..............................................................9
   5.1   Contributed Shares....................................................9
   5.2   Tawes Investment......................................................9
   5.3   Stockholder Loans.....................................................9
   5.4   Stockholders' Agreement..............................................10
   5.5   Employment Agreement..................................................8

ARTICLE 6 GENERAL PROVISIONS..................................................10
   6.1    Survival of Representations and Warranties, etc.....................10
   6.2    Governing Law; Venue; Prevailing Party..............................10
   6.3    Successors and Assigns..............................................10
   6.4    Confidentiality.....................................................10
   6.5    Notices..............................................................9
   6.6    Entire Agreement....................................................11
   6.7    Attorney's Fees.....................................................12
   6.8    Counterparts........................................................12
   6.9    Severability........................................................13
   6.10   Amendments..........................................................13
   6.11   Exhibits............................................................13
<PAGE>

                             Exhibits and Schedules

Exhibit A         Capitalization Table

Exhibit B         Amended and Restated Stockholders' Agreement

Exhibit C         Amended and Restated Stockholders' Note

Exhibit D         Amended and Restated Infinity Note

Exhibit E         Tooke Employment Agreement

<PAGE>

                           RECAPITALIZATION AGREEMENT

      THIS RECAPITALIZATION AGREEMENT (this "Agreement") is executed and
delivered as of the 31st day of December, 2004, to be effective as of the 9th
day of September, 2004, by and among John G. Tooke ("Tooke"); Irving Y.
Strickstein, as Trustee of the Irving Y. Strickstein Revocable Living Trust
U/T/A dated 9/13/84 ("IYS"), Robert C. Strickstein ("RCS"), Susan J. Sadley
Revocable Trust U/A/D 2/17/04 ("SJS"), Scott D. Strickstein ("SDS"), and Tara N.
Strickstein ("TNS", and together with IYS, RCS, SJS, SDS, collectively referred
to herein as "Strickstein"); Denise Mugerdichian Lachman ("Lachman"); O. Lee
Tawes, III ("Tawes"); and AmeriFirst, Inc., a Delaware corporation (the
"Corporation"). Tooke, Strickstein, Lachman, Tawes and the Corporation are
referred to collectively herein as the "Parties."

                                   Background

      The Corporation has previously received loans from its stockholders which
obligations it wishes to amend and restate. The Corporation is now in need of
additional financing. Certain of the existing stockholders are willing to reduce
their existing equity interest in the Corporation in order to provide an equity
incentive to Tawes, in exchange for new financing. Tawes is prepared to make a
loan to the Corporation in the amount of $600,000 and to invest in the
Corporation, conditioned on the simultaneous occurrence of the transactions
provided for herein.

      NOW, THEREFORE, in consideration of the premises and the mutual promises
herein made, and in consideration of the representations, warranties, and
covenants herein contained, the Parties agree as follows.

                                   ARTICLE 1
                  TRANSACTIONS RELATING TO THE RECAPITALIZATION

      Simultaneously with the execution of this Agreement and subject to the
terms and conditions set forth herein, the following transactions will occur:

      1.1 Contribution and Re-issuance of Common Stock.

      Each of the following stockholders (the "Contributing Stockholders")
agrees to surrender without consideration and to contribute to the Corporation
the number of shares (the "Contributed Shares") of the Corporation's Common
Stock par value $.01 ("Common Stock") currently registered in, and set forth
below opposite, their respective names:

      Stockholder                                 Number of Shares Contributed
      -----------                                 ----------------------------
      Strickstein                                            140
      Lachman                                                140
      Tooke                                                  100
<PAGE>

      The Parties agree to take such actions as may be required to cause the
authorization and issuance of a new Class B non-voting common stock in
accordance with the capitalization table attached hereto as Exhibit A.

      1.2 Tawes Investment.

      Subject to the satisfaction of the terms and conditions set forth herein,
Tawes agrees to purchase and the Corporation agrees to sell and issue to Tawes,
200 shares of Common Stock (the "Tawes Shares") for an aggregate purchase price
(the "Purchase Price") of $200.00 (the "Tawes Investment"). The Tawes Shares
will be registered in the name of O. Lee Tawes, III.

      1.3 Tawes Loan.

      The Corporation hereby acknowledges receipt in full of a loan funding by
Tawes. The funding is pursuant to a Loan Agreement and Promissory Note, each
dated as of July 9, 2004, and providing for a loan of $600,000 (the "Tawes
Loan"), funded in tranches of $200,000 each on June 8, 2004, August 11, 2004 and
October 8, 2004. The Tawes Loan shall be subordinate to the Operational Loans
and shall rank pari passu with the Non-Operational Loans.

      1.4 Capitalization Table.

      The undersigned agree that the Capitalization Table attached hereto as
Exhibit A accurately reflects the capitalization and distribution of issued and
outstanding shares of Common Stock immediately after taking into effect the
transactions provided for herein including the Tawes Investment and the
surrender of the Contributed Shares.

      1.5 Stockholders' Agreement.

      Each of the stockholders of the Corporation shall execute and deliver to
the Corporation an Amended and Restated Stockholders' Agreement, in the form
attached as Exhibit B (the "Stockholders' Agreement").

      1.6 Prioritization of Unsecured Obligations; Return of Capital.

      The Shareholders agree that, notwithstanding any prior agreement to the
contrary, the following capital contributions and unsecured loans outstanding
from the Company to the Stockholders (collectively, the "Operational Loans")
shall be repaid in accordance with the following priority:

      FIRST, to the 2004 IYS Loan (as defined below) in the amount of $150,000;

      SECOND, to obligations under the Loan Agreement dated as of September 22,
      2003 (as amended and restated by that certain Amended and Restated
      Infinity Note of even date herewith);

      THIRD, to the shareholder contribution of Tooke totaling $250,000;

      FOURTH, to the shareholder contribution of Lachman totaling $125,000;

      FIFTH, to the shareholder contribution of Strickstein totaling, $125,000;
      and
<PAGE>

      SIXTH, to the shareholder loan of Lachman totaling $200,000 (as amended
      and restated by that certain Amended and Restated Note of even date
      herewith).

      The Corporation will apply one hundred percent (100%) of its Net Operating
Income to the repayment of the Operational Loans. As used herein, "Net Operating
Income" shall mean an amount equal to the net operating income of the
Corporation, determined in accordance with regulatory accounting principles, as
applicable, LESS an amount equal to three (3) months of operating expenses.

      In addition to the Operating Loans, the Corporation has due and
outstanding (subject to audit) $1,615,000 to Strickstein, or his affiliates,
plus that certain Comerica line of credit loan in the amount of $775,000 (the
"Strickstein Loans"), and $350,000 to Lachman or her affiliates (the "Lachman
Loans"). The Strickstein Loans and Lachman Loans shall be repaid after the
repayment in full of the Operational Loans by applying fifty percent (50%) of
the Net Operating Income of the Corporation to their repayment. The priority of
the repayment of the Strickstein Loans shall be at the discretion of IYS. The
Strickstein Loans and the Lachman Loans are collectively referred to herein as
the Non-Operational Loans. The Tawes Loan shall be subordinate to the
Operational Loans and shall rank pari passu with the Non-Operational Loans.

      The Corporation and the Shareholders hereby acknowledge, represent and
warrant that neither Strickstein nor Lachman has any further obligation to loan
funds to the Company, pursuant to the Operational Loans, the Non-Operational
Loans, or otherwise.

                                    ARTICLE 2
                              CORPORATE GOVERNANCE

      Contemporaneously herewith, the undersigned shall cause the necessary
action to be taken: (i) to approve this Agreement; (ii) to approve the
Stockholders' Agreement; (iii) to approve the transactions contemplated hereby;
(iv) to fix the number of directors on the Corporation's Board of Directors at
four directors to be composed of Strickstein, Tooke, Tawes and Tooke's designee;
(v) to elect Tawes as Chairman of the Board of Directors (to serve until the
earlier of his sale of his shares in the Corporation, death, disability,
election of his successor, or resignation); (vi) to amend the Bylaws of the
Corporation to require all shareholder meetings be convened by written notice,
to provide that the holders of sixty-five percent (65%) of the issued and
outstanding shares of capital stock shall be required to be present, in person
or by proxy, to constitute a quorum for a meeting of shareholders, to provide
that three (3) directors shall be required to be present to constitute a quorum
for a Board of Directors meeting (except for special meetings of the Board of
Directors called for the limited purpose of considering the termination of a
Director employed by the Corporation, for which only two (2) directors shall
constitute a quorum, and at which meeting the Employee-Director shall recuse
himself or herself), and to permit attendance at Board of Directors' meetings by
telephone; and (vii) to amend the Certificate of Incorporation to permit
cumulative voting and the establishment of a Class B non-voting class of capital
stock.

<PAGE>

                                    ARTICLE 3
                REPRESENTATIONS AND WARRANTIES OF THE CORPORATION

The Corporation hereby represents and warrants to the Stockholders and Tawes as
follows:

      3.1 Organization and Standing; Certificate of Incorporation and Bylaws.

      The Corporation is a corporation organized, validly existing and in good
standing under the laws of the State of Delaware. The Corporation has the
requisite corporate power to own, lease, and operate its properties and assets
and to carry on its business as conducted. The Corporation is qualified and in
good standing to do business in each jurisdiction in which the character of the
property owned or leased or the nature of the activities conducted by it makes
such qualification necessary.

      3.2 Corporate Power.

      The Corporation has all requisite legal and corporate power to execute and
deliver this Agreement.

      3.3 Capitalization.

      The authorized capital stock of the Corporation consists of 2,000 shares
of Common Stock, $0.01 par value. The shares of issued and outstanding Common
Stock, effective upon execution of this Agreement and amendment of the
Certificate of Incorporation, taking into effect all of the transactions
described herein, are presented on Exhibit A. All outstanding shares of Common
Stock are duly authorized and validly issued, fully paid and nonassessable.
There are no offers to sell shares of the Corporation's capital stock or
options, warrants, conversion privileges, or other rights presently outstanding
to purchase or otherwise acquire any authorized but unissued shares of its
capital stock or other securities of the Corporation. All outstanding securities
have been issued in compliance with all applicable federal and state securities
laws.

      3.4 Authorization.

      All corporate action on the part of the Corporation, its officers,
directors and stockholders necessary to authorize the execution, delivery and
performance of this Agreement and the Stockholders' Agreement by the
Corporation, including, without limitation the sale, issuance, and delivery of
the Tawes Shares has been taken. The Stockholders' Agreement constitutes, and
this Agreement, when executed and delivered by the Corporation, will constitute
valid and binding obligations of the Corporation, enforceable in accordance with
their respective terms, except (a) as limited by applicable bankruptcy,
insolvency, reorganization, moratorium, and other laws of general application
affecting enforcement of creditors' rights generally, (b) as limited by laws
relating to the availability of specific performance, injunctive relief, or
other equitable remedies, and (c) to the extent the indemnification provisions
contained herein may be limited by applicable federal or state securities laws.
<PAGE>

      3.5 Offering.

      Subject to the truth and accuracy of Tawes' representations in Section 4
hereof, the offer, sale and issuance of the Common Stock to be issued in
conformity with the terms of this Agreement constitutes a transaction exempt
from the registration requirements of Section 5 of the Securities Act.

      3.6 Disclosure.

      To the best of the Corporation's knowledge, none of the representations or
warranties made by the Corporation in this Agreement and no information in the
Exhibits hereto contains any untrue statement of a material fact or omits to
state a material fact necessary in order to make the statements contained herein
and therein not misleading. The Corporation has provided the Stockholders and
their respective representatives and legal counsel with all information in the
Corporation's possession that they have requested for deciding whether to
purchase the Shares. To the Corporation's knowledge, there are no facts which
(individually or in the aggregate) materially adversely affect the business,
assets, financial condition, or operations of the Corporation that have not been
set forth in this Agreement, the Exhibits hereto or other documents delivered to
the Stockholders or their attorneys or agents in connection herewith.

                                    ARTICLE 4
                            REPRESENTATIONS OF TAWES

      Tawes hereby represents and warrants to the Corporation as follows:

      4.1 Legal Power.

      He has the requisite legal power to execute, deliver, and perform his
obligations under this Agreement and the Stockholders' Agreement. The
consummation of the transactions contemplated hereby, and by the Stockholders'
Agreement (including the ownership of the shares of Common Stock), by him will
not result in any violation of, or be in conflict with, or constitute, with or
without the passage of time and giving of notice, a breach or default under any
term, condition or provision of any agreement, indenture, or other instrument to
which he is a party, or by which he or his properties or assets are bound, or
violate any law, regulation, order, judgment or decree against or binding upon
him.

      4.2 Due Execution.

      He has executed and delivered this Agreement and the Stockholders'
Agreement and they constitute his valid and binding agreements.

      4.3 Investment Representations.

            (a) He is acquiring the shares of Common Stock for his own account,
not as nominee or agent, for investment and not with a view to or for resale in
connection with any distribution or public offering thereof within the meaning
of the Securities Act. By executing this Agreement, he further represents that
he does not have or have any intent to enter into any

<PAGE>

contract, undertaking, agreement, or arrangement with respect to the shares of
Common Stock to sell, transfer, or grant participation therein to any third
person.

            (b) He understands that (i) the shares of Common Stock have not been
registered under either the Securities Act or the securities laws of any state
by reason of specific exemptions therefrom, the shares of Common Stock may need
to be held by him indefinitely, and that he may, therefore, have to bear the
economic risk of such investment indefinitely, unless a subsequent disposition
thereof is registered under the Securities Act and the securities laws of any
applicable state or is exempt from such registrations; (ii) each certificate
representing the shares of Common Stock will bear the following legends:

      The Shares represented by this certificate have not been registered under
      the Securities Act of 1933 as amended (the "Securities Act") or any
      applicable state securities law. No disposition of shares may be made in
      the absence of (i) an effective registration statement under the
      Securities Act or (ii) an opinion of counsel acceptable to the Corporation
      that such disposition without registration is in compliance with the
      Securities Act.

      The ownership, transfer, encumbrance, pledge, assignment or other
      disposition of the Shares evidenced by this certificate and the rights and
      obligations of a Stockholder possessing this certificate are subject to
      and restricted by the terms and conditions of an Amended and Restated
      Stockholders' Agreement as the same may from time to time be amended,
      restated or both, a copy of which is on file and open for inspection at
      the office of the Corporation.

and (iii) the Corporation will instruct any transfer agent not to register the
transfer of any of the shares of Common Stock unless the conditions specified in
the foregoing legend are satisfied.

            (c) He and his counsel or other representative have been furnished
with such materials and have been given access to such information relating to
the Corporation as he or his representative has requested and he has been
afforded the opportunity to ask questions regarding the Corporation and the
shares of Common Stock, all as he has found necessary to make an informed
investment decision. He has been solely responsible for his own due diligence
investigation of the Corporation and its proposed business, for his own analysis
of the merits and risks of his investment made pursuant to this Agreement, and
for his own analysis of the terms of such investment.

            (d) He is an "accredited Stockholder" within the meaning of
Regulation D under the Securities Act. He is in a financial position to hold the
shares of Common Stock and is able to bear the economic risk and withstand a
complete loss of his investment in the shares of Common Stock. He recognizes
that the shares of Common Stock as an investment involve a high degree of risk.

            (e) He acknowledges hereby that he has been advised to obtain and
has obtained, to the extent he deems necessary, professional (including legal)
advice with respect to

<PAGE>

the risks inherent in the investment in the shares of Common Stock, the
condition of the Corporation, the suitability of the investment in the shares of
Common Stock in light of his condition and investment needs, and the terms and
conditions of this Agreement and documents relating to the investment in the
shares of Common Stock. He, either alone or with the assistance of such
professional advisors, is a sophisticated Stockholder, and has such knowledge
and experience in financial and business matters that he is capable of
evaluating the merits and risks of the prospective investment in the shares of
Common Stock. He is an Stockholder in securities of companies in the development
stage and acknowledges that the investment in the shares of Common Stock is a
speculative risk

            (f) For purposes of the application of state securities laws, he
represents that he is a bona fide resident of the State of New York.

                                    ARTICLE 5
                                     CLOSING

      The closing on the transactions provided for herein will occur
simultaneously with the execution of this Agreement, subject to the
contemporaneous fulfillment of the following:

      5.1 Contributed Shares.

      The Contributing Shareholders shall deliver to the Corporation all stock
certificates issued to them or over which they exercise voting control, for
cancellation of the Contributed Shares and re-issuance of the remaining shares.

      5.2 Tawes Investment.

      The Corporation shall issue and deliver to Tawes the Tawes Shares and
Tawes shall deliver to the Corporation the Purchase Price in immediately
available funds whether through wire transfer or by bank check.

      5.3 Stockholder Loans.

      The Corporation shall have executed and delivered to each of IYS and
Lachman an Amended and Restated Promissory Note in the form of Exhibit C
attached hereto amending and restating the obligations of the Corporation under
the Non-Operational Loans (collectively, the "Amended and Restated Stockholder
Notes"). The Corporation shall have executed and delivered to IYS the Amended
and Restated Infinity Note in the form of Exhibit D attached hereto (the
"Amended and Restated Infinity Note" and, together with the Amended and Restated
Stockholder Notes and the Amended and Restated Tooke Note, collectively, the
"Amended and Restated Notes"). The Corporation shall have executed and delivered
to IYS a promissory note in the form of Exhibit C attached hereto in the
principal amount of $150,000, in renewal of a loan in the amount of $50,000 made
by IYS to the Corporation on June 10, 2004, plus an additional loan of $100,000
made by IYS to the Corporation on December 30, 2004 (the "2004 IYS Loan") with a
maturity date of July 1, 2006.
<PAGE>

      5.4 Stockholders' Agreement.

      Each of the Stockholders shall deliver an executed Amended and Restated
Stockholders' Agreement in the form of Exhibit B attached hereto.

      5.5 Employment Agreement.

      The Corporation and Tooke shall have entered into an Employment Agreement
in substantially the form attached hereto as Exhibit E, providing Tooke a salary
of $12,500 a month effective as of July 1, 2004 and a bonus as described
therein. All other Class A stockholders shall be eligible for employment on a
consulting basis, if agreed upon by a majority vote of the Class A stockholders
of the Corporation.

                                    ARTICLE 6
                               GENERAL PROVISIONS

      6.1 Survival of Representations and Warranties, etc.

      The Corporation's covenants or obligations to be performed or complied
with prior to the Closing Date under this Agreement and the Corporation's
representations and warranties contained in this Agreement shall terminate and
be of no further force or effect two years after the date hereof.

      6.2 Governing Law; Venue; Prevailing Party.

      This Agreement shall be governed by and construed in accordance with the
internal laws of the State of Michigan without regard to its conflict of laws
doctrine. The parties hereto (i) agree that any suit, action or other legal
proceeding arising out of or relating to this Agreement shall be brought and
heard in a court of competent jurisdiction in the State of Michigan and the
United States District Court for the Eastern District of Michigan, (ii) consent
to the jurisdiction of any such court in any such suit, action or proceeding,
and (iii) waive any objection to the laying of venue of any such suit, action or
proceeding in any such court. All parties hereto waive any objection based on
forum non conveniens and any objection to venue in any action instituted
hereunder. The prevailing party in any dispute arising hereunder, whether or not
suit be brought and including any appeals, will be entitled to recover from the
other party costs and reasonable attorneys' and paralegals' fees.

      6.3 Successors and Assigns.

      Except as otherwise provided herein, the provisions hereof shall inure to
the benefit of, and be binding upon the successors, assigns, heirs, executors
and administrators of, the parties hereto.

      6.4 Confidentiality.

      The Stockholders acknowledge that the Corporation has provided
confidential information regarding the business of the Corporation to the
Stockholders ("Confidential

<PAGE>

Information"). Each Stockholder agrees that he/she/it shall keep the
Confidential Information confidential and shall not, without prior written
consent of the Corporation, disclose Confidential Information in any manner
whatsoever to anyone (other than such Shareholder's attorneys, accountants,
financial and tax advisors, who shall each be similarly bound not to disclose
the Confidential Information) and shall not use Confidential Information other
than strictly in connection with the transaction described herein. In the event
that any Stockholder becomes legally compelled to disclose any Confidential
Information, such Stockholder agrees to provide the Corporation with prompt
written notice in advance of such disclosure so that the Corporation may seek a
protective order or other appropriate remedy and/or waive compliance with the
provisions of these Terms. The term "Confidential Information" shall not include
information or materials that: (i) are or become generally available to the
public, other than as a result of disclosure by any Stockholder or its
representative(s); (ii) are or become known or available to any Stockholder on a
nonconfidential basis from a source other than the Corporation ; provided that
such source is not bound by an obligation of confidentiality to the Corporation;
or (iii) were independently developed by any Stockholder or its
representative(s) without the use of the Corporation's Confidential Information.

      6.5 Notices.

      Any notice and other communications required or permitted hereunder shall
be in writing and delivered personally or sent by nationally recognized
overnight courier. Any such notice shall be deemed given when so delivered,
addressed as follows:

      (a) If to the Corporation:      AmeriFirst, Inc.
                                      814 N. A1A, Suite 300
                                      Ponte Vedra Beach, Florida 32082
                                      Attn.: President

          With a copy to:             Milam Howard Nicandri Dees & Gillam, P.A.
                                      50 North Laura Street, Suite 2900
                                      Jacksonville, Florida 32202
                                      Attn.: G. Alan Howard

      (b) If to Strickstein:          Irving Strickstein
                                      2267 Shankin Drive
                                      Walled Lake, MI 48390

          With a copy to:             Jacob & Weingarten
                                      2301 W. Big Beaver Road, Suite 777
                                      Troy, Michigan 48084
                                      Attn.: Harry M. Eisenberg

      (c) If to Lachman:              Denise Lachman
                                      4460 Dow Ridge
                                      Orchard Lake, MI 48324
<PAGE>

          With a copy to:             Jacob & Weingarten
                                      2301 W. Big Beaver Road, Suite 777
                                      Troy, Michigan 48084
                                      Attn.: Harry M. Eisenberg

      (d) If to Tawes:                O. Lee Tawes,
                                      III Northeast Securities
                                      100 Wall Street New York,
                                      New York 10005

      (e) If to Tooke:                John G. Tooke
                                      1150 Shipwatch Drive E.
                                      Jacksonville, Florida 32225

      6.6 Entire Agreement.

      This Agreement, the Stockholders' Agreement, the Amended and Restated
Notes, the exhibits and schedules hereto and thereto and the other documents
delivered pursuant hereto and thereto, respectively, constitute the full and
entire understanding and agreement between the Parties with regard to the
subjects hereof and thereof, respectively, and supersedes and replaces all
previous agreements, oral or written, with respect to the subject mater hereof
and thereof. In the event of any inconsistency between the provisions of this
Agreement, the Stockholders' Agreement, the Articles of Incorporation and Bylaws
of the Corporation, then the documents shall control one another in the order
listed above. This Agreement and the Amended and Restated Notes supersede and
replace all former evidences of indebtedness from the Corporation to the
Stockholders and, with the exception of the Tawes Note and the Tawes Loan
Agreement, all other notes, evidences of indebtedness, loan agreements, letter
agreements, and guarantees and other agreements or understandings between the
parties hereto (or any of them) with respect to the subject matter hereof,
whether oral or written, are hereby superseded and terminated.

      6.7 Attorneys' Fees.

      The Corporation shall bear all costs and expenses incurred by the Parties
in connection with the negotiation and documentation of this Agreement and
consummation of transactions contemplated hereby.

      6.8 Counterparts.

      This Agreement may be executed by facsimile and in counterparts, each of
which shall be enforceable against the party actually executing such
counterpart, and which together shall constitute one instrument.
<PAGE>

      6.9 Severability.

      In the event that any provision of this Agreement becomes or is declared
by a court of competent jurisdiction to be illegal, unenforceable or void, this
Agreement shall continue in full force and effect without said provision.

      6.10 Amendments.

      This Agreement may be amended by the written consent of the Parties.

      6.11 Exhibits.

      All Exhibits attached hereto are hereby incorporated in and made a part
hereof as if set forth in full herein.

                     SIGNATURES APPEAR ON THE FOLLOWING PAGE

<PAGE>

      IN WITNESS WHEREOF, this Recapitalization Agreement has been made and
executed as of the date first above written.

                                       CORPORATION:

                                       AmeriFirst, Inc.

                                       By:  /s/ John G. Tooke
                                            ------------------------------------
                                                John G. Tooke
                                                President and CEO

TOOKE:                                 STRICKSTEIN:

/s/ John G. Tooke                      /s/ Irving Y. Strickstein
---------------------------------      -----------------------------------------
John G. Tooke                          Irving Y. Strickstein individually and on
                                       behalf of: The Irving Y. Strickstein
                                       Revocable Living Trust u/a/d 9/13/84, as
                                       amended; (ii) Susan J. Sadley Revocable
                                       Trust U/A/D 2/17/04; (iii) Robert C.
                                       Strickstein, (iv) Tara N. Strickstein,
                                       (v) Scott D. Strickstein, (vi) The
                                       Strickstein Family Limited Partnership I
                                       and (vii) The Strickstein Family Limited
                                       Partnership II

LACHMAN:
                                       TAWES:

/s/ Denise M. Lachman                  /s/ O. Lee Tawes
---------------------------------      -----------------------------------------
Denise M. Lachman, individually        O. Lee Tawes
and on behalf of Dow Ridge
Associates, LLCExhibit 10.16

                                 LOAN AGREEMENT

      THIS LOAN  AGREEMENT is entered into as of the 9th day of July 2004 by and
between AmeriFirst, Inc., a Delaware corporation ("AmeriFirst"),  and Lee Tawes,
("Tawes").

                                   Background

      AmeriFirst is in the viatical and life settlement business.  Tawes desires
to loan Six Hundred  Thousand ($ 600,000)  Dollars (the  "Loan") to  AmeriFirst.
AmeriFirst and its shareholders  have entered into that certain Letter Agreement
dated of even date herewith (the "Letter  Agreement") which  contemplates and is
conditioned  upon Tawes making the Loan.  As an  inducement  to make the Loan to
AmeriFirst, Tawes will receive a 10% equity interest in AmeriFirst.  Capitalized
terms used and not  otherwise  defined  herein shall have the meanings  assigned
thereto in the Letter Agreement.

                                    Agreement

      NOW, THEREFORE, in consideration of the mutual covenants contained herein,
the parties hereto agree as follows:

      1. Loan. Tawes shall loan to AmeriFirst,  and AmeriFirst shall borrow from
Tawes,  the sum of Six  Hundred  Thousand  Dollars  ($600,000),  to be funded as
follows:  $200,000  shall be wired to the account of AmeriFirst on July 9, 2004,
$200,000 on August 9, 2004 and the remaining  $200,000 on September 9, 2004. The
Loan shall be  evidenced  by a Promissory  Note in the form  attached  hereto as
Exhibit A (the "Note").

      2. Repayment of the Loan. The Loan,  together with interest accrued at the
rate of eight  percent  (8.0%) per annum,  shall be paid from the Net  Operating
Income of  AmeriFirst  in  accordance  with the  provisions  of Section 3 of the
Letter  Agreement;  provided,  however,  the  repayment  of the  Loan  shall  be
subordinate to the repayment of the  Operational  Loans and subject to the terms
of the Letter Agreement and any definitive documentation executed by AmeriFirst,
the  Shareholders  and Tawes,  incorporating  the terms  thereof.  Tawes  hereby
acknowledges receipt of a copy of the executed Letter Agreement.

      3.  Equity  Interest;  Board  Seat.  As an  inducement  to make the  Loan,
AmeriFirst agrees to grant to Tawes capital stock equal to a 10% equity interest
in AmeriFirst and appoint Tawes to a vacant seat on its Board of Directors, each
in accordance with the terms of the Letter  Agreement.  In the event Tawes fails
to fully fund the Loan,  then Tawes  shall not be  entitled to either the equity
interest or Board appointment contemplated by this Section 3.

      4. Governing Law; Venue.  This Agreement shall be governed in all respects
by the laws of the State of Florida, without regard to any rules of conflict and
choice  of  laws  that  would

<PAGE>

require the application of laws of another jurisdiction.  The parties hereto (i)
agree that any suit, action or other legal proceeding arising out of or relating
to  this  Agreement  shall  be  brought  and  heard  in  a  court  of  competent
jurisdiction  in the State of Florida and the United States  District  Court for
the Middle  District of Florida,  (ii) consent to the  jurisdiction  of any such
court in any such suit,  action or proceeding,  and (iii) waive any objection to
the laying of venue of any such suit,  action or  proceeding  in any such court.
The prevailing  party in any dispute arising  hereunder,  whether or not suit be
brought and  including  any appeals,  will be entitled to recover from the other
party costs and reasonable  attorneys' and  paralegals'  fees.  Tawes waives any
objection based on forum non conveniens and any objection to venue in any action
instituted hereunder.

      5. Indemnification. AmeriFirst hereby agrees to indemnify, defend and hold
harmless  Tawes from any and all  claims,  loss,  liability,  costs and  damage,
including  without  limitation  court costs and attorney  fees incurred by Tawes
arising out of or connected with,  directly or indirectly with the operations of
AmeriFirst and this Loan.

      6. Legal Fees. All  reasonable  legal fees incurred by Tawes in connection
with the negotiation,  preparation and review of this Agreement, the Note or the
Letter Agreement shall be paid by AmeriFirst.

      7.  Non-Compete.  Tawes  agrees to execute and deliver a  Non-Compete  and
Non-Solicitation  Agreement with AmeriFirst  pursuant to which Tawes shall agree
not to compete with AmeriFirst in the viatical and life settlements  business or
solicit any employees,  investors,  customers or business partners of AmeriFirst
for a period of three years from the date of the  termination of his affiliation
with AmeriFirst.

      8.  Binding  Effect.  This  Agreement  shall be  binding  and inure to the
benefit of the  parties  hereto  and their  representatives,  respective  heirs,
successors and assigns.

      9.  Amendment.  This  Agreement  may be amended only by written  agreement
signed by all the parties hereto.

      10. Construction.  Words used in the singular,  neuter or masculine are to
be construed in the plural, masculine or feminine, where applicable.

      11.  Severability.  If any provision of this Agreement is found by a Court
of  competent  jurisdiction  to be  invalid  or  unenforceable  for  any  reason
whatsoever,  this shall not affect the validity or  enforceability  of any other
provision hereof.

      12. Not Assignable. The rights and obligations of the parties to this Loan
Agreement are not assignable, either directly or indirectly.
<PAGE>

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

                                              TAWES:

                                              /s/ Lee Tawes
                                              ----------------------------------
                                              Lee Tawes

                                              COMPANY:

                                              AmeriFirst, Inc.

                                              By:  /s/ John G. Tooke
                                                  ------------------------------
                                                  John G. Tooke, President

<PAGE>

                                 PROMISSORY NOTE

$600,000.00                                                         July 9, 2004
                                                              St. Marys, Georgia

      FOR VALUE RECEIVED, AmeriFirst, Inc., a Delaware corporation, (hereinafter
referred  to as  the  "Debtor"),  promises  to pay to  the  order  of Lee  Tawes
(hereinafter referred to as "Holder"), at such place as the Holder may designate
in writing,  the principal sum of Six Hundred  Thousand Dollars  ($600,000),  or
such  portion  thereof as shall have been  advanced  by  Holder,  together  with
interest at a rate equal to eight (8%)  percent per annum on the unpaid  balance
in lawful money of the United States,  which shall be legal tender in payment of
all debts and due, public and private, at the time of payment as follows:

      Payments of principal and interest shall be payable in full to Holder from
      the Net Operating  Income of Debtor in accordance  with the  provisions of
      Section 3 of that certain Letter Agreement dated of even date herewith and
      attached  hereto as Exhibit A;  provided,  however,  the repayment of this
      Note shall be  subordinate to the repayment of the  Operational  Loans (as
      defined in the Letter  Agreement)  and  subject to the terms of the Letter
      Agreement and any definitive  documentation  executed by  AmeriFirst,  the
      Shareholders and Tawes, incorporating the terms thereof.

      This Note may be  prepaid,  in full or in part,  at any time,  without the
payment of any prepayment fee or penalty. Any payments shall first be applied to
accrued interest and the balance against the principal.

      If Debtor  shall fail to perform  any of Debtor's  obligations  hereunder,
then a  default  of  Debtor's  obligations  hereunder  shall be  deemed  to have
occurred.

      No delay on the part of the Holder in exercising any right under this Note
shall  operate as a waiver of the right or of any other  right  under this note.
The waiver of a right on any one  occasion  shall not be construed as the waiver
of the right or remedy on any future occasion.

      The Debtor  hereby  waives  presentment  for  payment,  demand,  notice of
non-payment,  notice of  protest  and  protest of this Note,  and  diligence  in
collection or bringing  suit.  If the Debtor is in default and all  indebtedness
owing under this Note is due and payable,  the Debtor agrees to pay the Holder's
costs of  collection,  including  reasonable  attorney's  fees and  court  costs
incurred by the Holder in enforcing collection of this Note.
<PAGE>

      Debtor  acknowledges  that  Holder may  assign  this Note to any person or
entity at any time without prior notice to Debtor.  This  obligation  shall bind
the Debtor and the  Debtor's  successors  and assigns,  and the benefits  hereof
shall inure to the Holder hereof and his successors and assigns.

                                       AMERIFIRST, INC., a Delaware corporation

                                       By: /s/ John G. Tooke
                                           -------------------------------------
                                           John G. Tooke, President

STATE OF GEORGIA

COUNTY OF CAMDEN

      The foregoing  instrument was executed,  acknowledged and delivered before
me this 9th day of July 2004 by John G. Tooke, President of AmeriFirst,  Inc., a
Delaware   corporation,   who  has  produced  a  Florida   Drivers   License  as
identification.

                                                 /s/ Chinesia Sykes
                                       -----------------------------------------
                                       Notary Public, State and County
                                         Aforesaid
                                       Print Name:  Chinesia Sykes
                                       My commission expires: 8/21/05
SEAL                                   My commission number:

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