Document:

<PAGE>   1
                                                                    Exhibit 10.1

Mr. John T. Golle
Chairman and Chief Executive Officer
The TesseracT Group, Inc.
9701 E. Bell Road
Scottsdale, AZ 85259

Re:  Loan Agreement
     $1,362,000.00 Loan to The TesseracT Group, Inc., a Minnesota corporation

     The undersigned, The TesseracT Group, Inc., a Minnesota corporation (the
"BORROWER"), hereby applies to JEBCO Group, Inc., a Minnesota corporation,
(the "LENDER"), for a loan of $1,362,000.00 (the "LOAN").

     1.   LOAN TERMS. Subject to the terms, covenants and conditions contained
in Lender's standard form loan documents, the basic terms and conditions of the
Loan are as follows:

          1.01.     BORROWER:      The TesseracT Group, Inc., a Minnesota
                                   corporation

          1.02.     AMOUNT:        $1,362,000.00

          1.03.     PURPOSE:       To provide Borrower with working capital.

          1.04.     INTEREST RATE: Fixed rate of interest equal to eleven and
                                   one-half percent (11.5%) per annum,
                                   calculated on the basis of the actual number
                                   of days elapsed and a 360 day year.

          1.05.     TERM:          one (1) year, maturity date.

          1.06.     PAYMENT:       Minimum monthly installments of principal and
                                   accrued interest in the amount of $14,524.77,
                                   plus real estate tax and insurance escrow
                                   payments as required by Lender.

          1.07.     FUNDING:       $1,293,000.00 of the loan amount will be
                                   funded to the Borrower at closing, $87,000.00
                                   of which will be funded to the Payment
                                   Reserve Fund.

                                   Borrower hereby acknowledges that the Loan is
                                   a "discount" loan and that Borrower shall be
                                   obligated to repay the entire $1,362,000.00
                                   face amount of the Note despite the
                                   disbursement of only $1,293,000.00 by Lender.
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         1.08. LATE FEES:       Payments received more than ten (10) days after
                                the due date shall be subject to a five percent
                                (5%) late fee.

         1.09. COLLATERAL:      The Loan will be secured by a first priority
                                Deed of Trust and Assignment of Rents (the
                                "DEED OF TRUST") on the real property and
                                improvements at the southwest corner of Bell
                                Road and North 98th Street in Scottsdale,
                                Arizona, and legally described in the Deed
                                of Trust.

         1.10. EARLY PAYOFF
               REDUCTION:       If Borrower repays the entire principal balance
                                of the Note together with accrued interest
                                thereon and all other amounts owed in connection
                                with the Loan on or before three (3) months from
                                the date of the Note, then the principal balance
                                of the Note shall be reduced by $32,000.00 This
                                early payoff reduction is contingent upon
                                Lender's receipt of all monthly payments within
                                ten (10) days of the due dates thereof and upon
                                the non-occurrence of any events of default.

         1.11. PAYMENT RESERVE
               FUND:            Borrower agrees that $87,000.00 of the Loan
                                shall be deposited by Borrower with Lender to
                                establish a reserve fund for payment of
                                principal, interest, real estate taxes and
                                insurance (the "PAYMENT RESERVE FUND"). Borrower
                                agrees that the Payment Reserve Fund shall begin
                                to accrue interest immediately under the Note
                                from the date of the Note. No earnings or
                                interest shall be payable to Borrower on the
                                Payment Reserve Fund and Lender may commingle
                                the Payment Reserve Fund with other monies held
                                by Lender. A letter agreement more fully
                                describing the Payment Reserve Fund will be
                                executed at closing. Subject to all further
                                requirements in said letter agreement, an amount
                                not exceeding three-fourths (3/4) of the total
                                monthly payments of principal, interest, real
                                estate taxes and insurance may be disbursed from
                                the Payment Reserve Fund each month and Borrower
                                shall pay the one-fourth (1/4) balance of said
                                monthly payments each month until the Payment
                                Reserve Fund is exhausted and then the full
                                amount thereof.

    2.     CONDITIONS TO CLOSING.  The following documents or items are to be
delivered to Lender prior to or at closing and shall be in the form and content
satisfactory to Lender and Lender's legal counsel in their sole discretion, and
shall include but not be limited to the following:

         2.01.  $1,362,000.00 Promissory Note (the "NOTE").

         2.02.  The Deed of Trust.

         2.03.  One or more UCC-1 Financing Statements to be filed in the
Maricopa County, Arizona real estate records and with the Arizona Secretary of
State regarding the Deed of Trust.

         2.04.  An Environmental Indemnification Agreement for the real
property and improvements described in the Deed of Trust.

<PAGE>   3
          2.05   Financial statements and other financial
     information/documentation as the Lender may require.

          2.06.  Borrower shall provide a standard form mortgagee's title
     insurance policy issued to Lender in form and substance acceptable to
     Lender.

          2.07.  Borrower shall provide to Lender a recent survey of the real
     property and improvements described in the Deed of Trust acceptable to the
     Lender, or in the alternative provide Lender with survey coverage
     acceptable to Lender under Lender's title insurance policy.

          2.08.  Borrower will provide evidence satisfactory to Lender that the
     use of the real property and improvements described in the Deed of Trust
     are permitted by and comply with all prior instruments of record and all
     applicable codes and laws.

          2.09.  Prior to closing, Borrower shall provide Lender with
     satisfactory evidence of insurance showing that Borrower has obtained
     coverage for liability and hazard insurance, in the amounts and from a
     carrier acceptable to Lender for the real property and improvements
     described in the Deed of Trust.

          2.10.  Borrower shall provide evidence that all delinquent taxes and
     all assessments relating to the real property and improvements described in
     the Deed of Trust, if any, shall have been paid in full.

          2.11.  Appraisal acceptable to Lender regarding the real property and
     improvements described in the Deed of Trust.

          2.12.  An environmental report acceptable to Lender for the real
     property and improvements described in the Deed of Trust.

          2.13.  A written opinion by an independent third party attorney of
     Borrower covering such matters as Lender deems necessary, including,
     without limitation, statements of opinion as to the due organization, good
     standing and authority of Borrower and that the loan documents are duly and
     properly executed and validly binding obligations of the Borrower.

          2.14.  The Borrower and any other appropriate party shall have
     executed and delivered to the Lender such other documents, instruments and
     agreements as the Lender may reasonably request.

     3.   REPRESENTATIONS AND WARRANTIES. To further induce the Lender to make
the requested Loan, Borrower hereby represents and warrants to the Lender that:

          3.01.  The proceeds of the requested loan will be used by Borrower
     exclusively for business and commercial purposes.

          3.02.  The real property and improvements described in the Deed of
     Trust and contemplated uses thereof are permitted by and comply with all
     applicable restrictions and requirements in prior conveyances, zoning
     ordinances, subdivision and platting requirements and other laws and
     regulations.

          3.03.  Except for any such item as might be shown in any environmental
     report received by Lender prior to the date hereof in connection with the
     Loan, there are no hazardous waste or substances contained on, under or in
     the real property and improvements described in the Deed of Trust except as
     may be used in the ordinary course of business in full compliance with all
     applicable
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laws, rules and regulations.

          3.04.  There is no action, suit or proceeding pending or threatened
     against or affecting the Borrower which, if adversely determined, would
     have a material adverse effect on the condition (financial or otherwise),
     properties or assets of the Borrower or which would question the validity
     of this Loan Agreement or any instrument, document or other agreement
     related thereto or required thereby, or impair the ability of the Borrower
     to perform the Borrower's obligations hereunder or thereunder.

          3.05.  The Borrower is not in default of a material provision under
     any material agreement, instrument, decree or order to which the Borrower
     is a party or by which the Borrower or the Borrower's property is bound or
     affected.

          3.06.  The Borrower has filed all tax returns required to be filed and
     have paid all taxes shown thereon to be due, including interest and
     penalties, which are not being contested in good faith and by appropriate
     proceedings, and have no information or knowledge of any objections to or
     claims for additional taxes in respect of federal or state income tax
     returns for prior years.

          3.07.  There are no judgments outstanding or docketed against the
     Borrower.

     4.  COVENANTS OF BORROWER.  So long as the Note shall remain unpaid, the
Borrower will comply with the following requirements, unless the Lender shall
otherwise consent in writing:

        4.01.  FINANCIAL STATEMENTS. The Borrower will deliver to the Lender:

          (a)  as soon as available and, in any event, within 120 days after the
               end of each fiscal year of the Borrower, a copy of the annual
               financial statements and tax returns of the Borrower certified by
               an officer of the Borrower as true and correct and acceptable
               to the Lender, which financial statements shall include the
               balance sheet of the Borrower as of the end of such fiscal year
               and the related statements of income, retained earnings and
               statements of cash flow of the Borrower for the fiscal year then
               ended, all in reasonable detail and all prepared in accordance
               with generally accepted accounting principles consistently
               applied;

          (b)  immediately after the commencement thereof, notice in writing of
               all litigation and of all proceedings before any governmental
               or regulatory agency affecting the Borrower or which seek a
               monetary recovery against the Borrower in excess of $25,000; and

          (c)  such other information regarding the financial condition of the
               Borrower and the results of operations of the Borrower as the
               Lender may from time to time reasonably request.

        4.02.  BOOKS AND RECORDS: INSPECTION AND EXAMINATION. The Borrower
     will keep accurate books of record and account for itself in which true and
     complete entries will be made in accordance with generally accepted
     accounting principles consistently applied and, upon request of the Lender,
     will give any representative of the Lender access to, and permit such
     representative to examine, copy or make extracts from, any and all books,
     records and documents in its possession, to inspect any of its properties
     and to discuss its affairs, finances and accounts with any of its principal
     officers, all at such times during normal business hours and as often as
     the Lender may reasonably request.

        4.03.  COMPLIANCE WITH LAWS. The Borrower will comply with the
     requirements of
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applicable laws and regulations with which noncompliance would materially and
adversely affect its business or its financial condition.

         4.04     PAYMENT OF TAXES AND OTHER CLAIMS.  The Borrower will pay or
discharge all taxes, assessments and governmental charges levied or imposed
upon it or upon its income or profits, or upon any properties belonging to it,
prior to the date on which the penalties attach thereto and all lawful claims
for labor, materials and supplies which, if unpaid, might by law become a lien
or charge upon any properties of the Borrower; provided, that the Borrower
shall not be required to pay any such tax, assessment, charge, or claim whose
amount, applicability or validity is being contested in good faith by
appropriate proceedings.

         4.05.    BUSINESS ORGANIZATION EXISTENCE.   Borrower shall preserve
and maintain its corporate existence and all of its rights, privileges and
franchises.

         4.06     MATERIAL ADVERSE EVENTS.   The Borrower shall immediately
notify the Lender of all events which could have a material adverse effect on
the operation of the Borrower's business or the real property and improvements
described in the Deed of Trust.

         4.07     NEGATIVE COVENANTS.    The Borrower hereby covenants and
agrees with the Lender that so long as the Note shall remain unpaid, the
Borrower, without the Lender's prior written consent, shall not:

                  (a)      sell, assign, transfer or otherwise convey a majority
                           or controlling interest in Borrower whether in one
                           transaction or in a series of transactions;

                  (b)      lease or sell all or substantially all of its
                           property and business to any other entity or
                           entities, whether in one transaction or in a series
                           of related transactions; or

                  (c)      consolidate with or merge into or with any other
                           entity or entities.

5.       DEFAULT.

         5.01     Occurrence of one or more of the following shall constitute
an "EVENT OF DEFAULT" hereunder:

                 (a)      The occurrence of an Event of Default under the Note
                          (as defined therein).

                  (b)      The occurrence of any default under the Deed of
                           Trust.

                  (3)      The Borrower shall fail to duly observe or perform
                           any of the terms, conditions, covenants or agreements
                           required to be observed or performed by it hereunder.

                  (4)      Any representation or warranty made by the Borrower
                           herein or in any financial statement, certificate or
                           report furnished pursuant to this agreement or in
                           order to induce the Lender to make the Loan shall
                           prove to have been untrue in any materially respect
                           or
<PAGE>   6

               materially misleading as of the time such representation or
               warranty was made.

     5.02.     Upon the occurrence of an Event of Default and at any time
thereafter during the continuance thereof, the Lender may, at its option,
exercise any or all of the following rights and remedies (and any other rights
and remedies available to it under applicable law):

          (a)  The Lender may declare immediately due and payable all unpaid
               principal of an accrued interest on the Note, together with all
               other sums payable hereunder, and the same shall thereupon be
               immediately due and payable without presentment or other demand,
               protest, notice of dishonor or any other notice of any kind, all
               of which are hereby expressly waived.

          (b)  The Lender shall have the right, in addition to any other rights
               provided by law to enforce its rights and remedies under the Deed
               of Trust and any of the other loan documents executed and
               delivered in conjunction with the Loan.

6.   ADDITIONAL TERMS.

     6.01.     This Loan Agreement may be signed in counterparts, all of which
taken together shall constitute one and the same agreement.

     6.02.     This Loan Agreement is personal to the Borrower and may not be
assigned by the Borrower in whole or in part without the prior written consent
of the Lender.

     6.03.     All notices to be given pursuant to the Agreement or the Note,
or any request, demand or other communication permitted or required hereunder
or thereunder shall be deemed duly given if delivered or mailed postage
prepaid, certified or registered, addressed to the address of such party at the
following addresses:

If to Borrower:                 Mr. John T. Golle
                      Chairman and Chief Executive Officer

<PAGE>   7
                    The TesseracT Group, Inc.
                    9701 E. Bell Road
                    Scottsdale, AZ 85259

If to Lender:       JEBCO Group, Inc.
                    360 N. Robert Street, Suite 700
                    St. Paul, MN 55101
                    Attention: Thomas J. Hirsch

with a copy to:     Thomas W. Newcome III
                    Leonard, O'Brien,
                    Wilford, Spencer & Gale, Ltd.
                    800 Norwest Center
                    55 East Fifth Street
                    St. Paul, MN 55101

            6.04.   To the extent not inconsistent herewith, the terms of that
certain letter loan proposal between Lender and Borrower dated February 7, 2000
shall control with respect to payment of expenses, costs, fees and other
matters as referenced therein. This Loan Agreement shall control with respect
to any inconsistencies between this Loan Agreement and said letter loan
proposal.

            6.05.   If any provision of this Loan Agreement is determined to be
void, invalid or unenforceable, the other provisions of this Loan Agreement
shall remain in full force and effect.

            6.06.   This Agreement shall be governed, construed and interpreted
in accordance with the laws of the State of Arizona in the United States.

                              Sincerely,

                              JEBCO GROUP, INC.

                              By: ____________________________________________

______________

                              Its: ___________________________________________

____________________________________________
<PAGE>   8
Accepted and agreed this 9th day of February, 2000.

                                    BORROWER:

                                    THE TESSERACT GROUP, INC.,
                                    a Minnesota corporation

                                    By _______________________________________
                                       John T. Golle
                                       Its Chairman and Chief Executive Officer<PAGE>   1
[KIBEL GREEN ISSA INC. LETTERHEAD]                              Exhibit 10.2

February 13, 2000

Mr. John Golle
Chairman of the Board
THE TESSERACT GROUP INC.
9977 North 90th Street
Suite 180
Scottsdale, AZ 85258

Dear Mr. Golle:

This letter will confirm the engagement of Kibel Green Issa Inc. ("KGI") as an
independent contractor ("Independent Contractor"), to provide a variety of
financial and management consulting services for The TesseracT Group Inc. (the
"Client") or the "Company"). KGI has already been engaged by the Company to
perform many of the tasks identified herein. The following are the terms and
conditions of our agreement ("Agreement").

1. The Company is experiencing financial difficulties and is asking KGI to use
   its best efforts to assist in formulating financial, management and
   operational strategies/plans for the affairs of the Company. Services which
   may be provided by KGI include but are not limited to the following: (1)
   formulating financial, management and/or operating plans; (2) advising and
   consulting with management and operating personnel with respect to operations
   and management of its business and business plans; (3) reviewing, evaluating,
   and participating in various negotiations with creditors, lenders, lessors,
   etc. . .; (4) assisting operating personnel with the specific activities
   required to implement and complete any operating changes; (5) analyzing and
   advising in areas which affect cash flow, marketing, communications and
   acquisition/divestiture; (6) evaluating the Company's organization structure
   and areas to reduce costs; (7) designing and monitoring systems and controls
   to help management control daily operations and relationships with creditors,
   including financial institutions; (8) presenting information to the Board of
   Directors; and (9) otherwise assisting in such matters as will aid in
   accomplishing the foregoing.

2. The services will be rendered by Steven J. Green, Adam M. Michelin, Steven J.
   Robinson and various other consultants or professionals ("Professionals") as
   appropriate. KGI reserves the right to utilize other KGI Professionals, not
   named here, as required.

3. As an Independent Contractor, we cannot be officers, directors, or partners
   of the Company or the Company's affiliates, and we are acting solely in an
   advisory and

<PAGE>   2
        consulting capacity. We cannot, and will not, make decisions on behalf
        of the Company. Any final decisions with regard to any of the matters
        involved in our engagement will remain solely those of the Client.

4.      The terms of our compensation are as follows:

        a)  Time Charges: Starting February 7, 2000, you will be billed on a
            weekly basis on a fixed fee basis for certain professionals and the
            amount of time multiplied by the standard hourly billing rates other
            Professionals. The Fee schedule for those assigned to this project
            are:

            Steven J. Green         $395
            Adam M. Michelin        $350
            Steven J. Robinson      $8,000 per week
            Bruce Conklin           $10,000 per week

            We have agreed that we will manage our weekly fees not to exceed
            $25,000. If circumstances require additional time from either
            Messer's Michelin or Green or if additional KGI resources are needed
            we will seek prior approval for the additional fees.

            All invoices for fees will be submitted weekly. Payment of these
            fees (expenses paid weekly) will be made by the Company;

                  1. if KGI's fees and expenses exceed the guarantee from the
                     Pioneer Capital Group, and the Company wants KGI to
                     continue its efforts, KGI will receive a retainer of
                     $20,000 as security and KGI will be paid on a weekly basis
                     for its services and expenses.

                  2. the earlier date of when: a Transaction occurs (closes)
                     where the Company is substantially sold or merged, or a
                     cash infusion for debt or equity totaling $3.0 million or
                     more within any 60 day period, or June 30, 2000.

            In addition to these Fees, KGI shall earn a bonus computed as
            follows:

            (i)     50,000 options at a strike price of $.75 per shares upon
            signing this Agreement. These options may be exercised at any time
            within 5 years; and

            (ii)    additional Earned Bonus calculated as follows:

                    1. The current market Shareholder Value is about $7,500,000
                       and for purposes of this agreement, this shall be called
                       the Base Value.

                    2. The definition of Achieved Value is the average stock
                       price over ten consecutive days, multiplied by the
                       outstanding shares on any given day,

                    3. The definition of Differential Value is the Achieved
                       Value less the Base Value.

                    4. To calculate the Earned Bonus for KGI, multiply the
                       Differential Value times the formula percentages of (5%
                       for the first $1.0 million, plus 4% of $1.0 million to
                       $2.0 million, plus 3% of $2.0 million to

<PAGE>   3
             $3.0 million, plus, plus 2% of $3.0 million to $4.0 million, plus
             1% thereafter). This value shall not exceed 100,000 options at
             $0.75.

          5. In the event the company is not sold, at the sole discretion of
             KGI, from one year after signing this agreement, KGI can notify in
             writing to the Company that it wishes determine the Differential
             Value. KGI will be paid in options at $.75 per share its
             Differential Value within 15 days of notification.

          6. In the event the Company is sold, KGI's Earned Bonus shall be
             calculated in the same manner as 5 above and KGI agrees to accept
             its Earned Fees on the same basis as equity shareholders.

        In addition to the Fees for future services described above, the Company
        agrees that it owns KGI $51,904.38 for Fees and Expenses for the period
        ending February 4, 2000.

        The Company is responsible for all obligations to KGI. As a condition
        for KGI accepting this assignment, KGI will receive a guarantee payment
        for Fees and Expenses from Pioneer Capital Group, acceptable to KGI, so
        that in the event the Company is unable to meet any of its obligations
        to KGI, KGI will be paid directly from Pioneer Capital Group. The
        Company and KGI acknowledge that the guarantee may be limited in amount.
        The Company agrees that in the event the total due KGI exceeds the
        guarantee; KGI can discontinue its services. Any payments received by
        KGI from Pioneer Capital Group under this guarantee will reduce the
        amount payable by the Company.

     b) Expenses: Actual out-of-pocket expenses for travel, reproduction,
        printing, graphics, messenger services, overnight mail, shipping, any
        other third party charges, telephone, supplies, computer usage/supplies,
        fax, postage, administrative support services and clerical assistance
        will be billed to you at our cost. We are pre-authorized to incur
        expenses for lowest available coach fares between Los Angeles, CA and
        Phoenix, AZ, rental cars, hotel rooms, parking/taxi associated with
        traveling, and a per diem allowance of $75 per person travelling for
        expenses not included here, i.e. meals, tips, etc. Out-of-pocket
        expenses are in addition to the professional fees and are due and
        payable by the Company upon presentation. You have authorized us to
        advance such costs and make such out-of-pocket expenditures as may be
        reasonably necessary in connection with our services.

        All out of pocket expense will be billed weekly and the Company will pay
        for these expenses on a weekly basis.

5. Either the Company or Kibel Green Issa Inc. may terminate this Agreement at
   any time with or without cause. Upon termination, all professional fees and
   expenses incurred through the close of business on the date of termination
   are due and payable. Kibel Green Issa Inc. reserves the right to stop work at
   any time if any invoices have not been paid. If KGI chooses to terminate the
   agreement without cause, all warrants earned under this agreement will be
   forfeited.
<PAGE>   4
        costs and expenses of attorneys, accountants, and other professionals
        and consultants.

12.     This constitutes the entire understanding between Company and KGI
        regarding our services. Further, this Agreement supersedes and replaces
        any prior agreements between the parties regarding KGI's performance of
        services involving the Company. By executing this Agreement, you
        acknowledge that you have read it carefully and understand all of its
        terms. This Agreement cannot be modified except by further written
        agreement signed by each party.

13.     If the Company desires to retain KGI to identify sources of capital
        (debt and/or equity), a separate agreement will be executed which
        outlines the scope of services and fee arrangement.

If the scope of services, compensation, terms and conditions confirm your
understanding, please sign the enclosed copy of this letter and return it to us
with the required retainer. It is the intention of the parties that this
Agreement cover all work performed by KGI on this assignment including work
that was performed prior to the execution of this Agreement.

Sincerely,                                   Accepted By:

KIBEL GREEN ISSA INC.                        THE TESSERACT GROUP, INC.

/s/ Adam M. Michelin                         /s/ John Golle
-------------------------------------        ---------------------------------
Adam M. Michelin                             John Golle
Managing Director, Sr. Vice President        Chairman of the Board

                                             2/22/00
                                             ---------------------------------
                                             (Date)

AMM:pjr
Enclosure

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