Document:

<PAGE>
Exhibit 10.5 Engagement Letter with Scott M. Cacurak

July 10, 2001

                             PRIVATE & CONFIDENTIAL
Mr. Steve Peacock
Chief Operating Officer
VentureNet Capital Group, Inc.
27349 Jefferson Ave, Suite 200
Temecula, CA 92590

Dear Steve:

I am pleased to submit this engagement letter to VentureNet Capital Group, Inc.
("VentureNet") to provide certain management and accounting assistance services.

OBJECTIVES AND SCOPE OF SERVICES

To assist VentureNet's management in meeting its financial reporting and other
accounting related responsibilities, I will provide assistance in the following
areas:

|X|  PREPARATION AND ELECTRONIC SUBMISSION OF SEC FILINGS ON FORMS10-QSB AND
     10-KSB - I will assist VentureNet's management in preparing its periodic
     SEC filings on Forms 10-QSB, 10-QSB/A and 10-KSB for the fiscal year ended
     May 31, 2001. The financial statements and related disclosures will be
     prepared from the financial books and records provided by VentureNet's
     management.

|X|  DESIGNING ACCOUNTING SYSTEM - Review the current set-up and, if necessary,
     assist VentureNet in the selection and set-up of a basic accounting system
     such as QuickBooks, Oracle NetLedger or a similar accounting package.

PROFESSIONAL FEES

The professional fees for the performance of the assistance services will be
500,000 shares of VentureNet Capital Group, Inc. (VNTN) "free trading" common
stock. The shares are due upon the execution of this engagement letter.

<PAGE>

Mr. Steve Peacock
VentureNet Capital Group
July 10, 2001
Page 2

THIS ENGAGEMENT IS SUBJECT TO THE PROVISIONS OF STANDARD TERMS AND CONDITIONS,
WHICH ARE PRESENTED IN APPENDIX A TO THIS LETTER.

                                    * * * * *

As noted previously, I am very pleased to have this opportunity to provide
assistance services to VentureNet. To indicate your approval of this arrangement
and to confirm our understanding, please sign and return a duplicate copy of
this letter. If you have any questions before that time, please do not hesitate
to call me at (209) 610-0289.

Very truly yours,

/s/Scott M. Cacurak
Scott M. Cacurak

Agreed and Accepted by:             VentureNet Capital Group, Inc.

                                    By: /s/ Michael N. Brette
                                        ---------------------

                                    Title: President/Chief Executive Officer
                                           ---------------------------------

                                    Date:   July 10, 2001

<PAGE>

                                                                      APPENDIX A

                          STANDARD TERMS AND CONDITIONS

1.   SERVICES. It is understood and agreed that Scott Cacurak's services may
     include advice and recommendations; but all decisions in connection with
     the implementation of such advice and recommendations shall be the
     responsibility of, and made by, VentureNet. In the event of a claim by a
     third party relating to services under the Proposal or Engagement Letter to
     which these Standard Terms and Conditions are attached, VentureNet will
     indemnify Scott Cacurak from all such claims, liabilities, cost and
     expenses, except to the extent determined to have resulted from the
     intentional or deliberate misconduct of Scott Cacurak.

2.   PAYMENT OF INVOICES. Without limiting his rights or remedies, Scott Cacurak
     shall have the right to halt or terminate entirely its services until
     payment is received on past due invoices.

3.   TERM. Unless terminated sooner in accordance with its terms, this
     engagement shall terminate on the completion of Scott Cacurak's services
     hereunder. This engagement may be terminated by either party at any time by
     giving written notice to the other party not less than 30 calendar days
     before the effective date of termination.

4.   OWNERSHIP OF DELIVERABLES. Except as provided below, upon full and final
     payment to Scott Cacurak hereunder, the tangible items specified as
     deliverables or work product in the engagement letter or proposal to which
     these terms are attached (the "Deliverables") will become the property of
     VentureNet.

5.   LIMITATION ON WARRANTIES. THIS IS A SERVICES ENGAGEMENT. SCOTT CACURAK
     WARRANTS THAT HE WILL PERFORM SERVICES HEREUNDER IN GOOD FAITH. SCOTT
     CACURAK DISCLAIMS ALL OTHER WARRANTIES, EITHER EXPRESS OR IMPLIED,
     INCLUDING, WITHOUT LIMITATION, WARRANTIES OF MERCHANTABILITY AND FITNESS
     FOR A PARTICULAR PURPOSE.

6.   LIMITATION ON DAMAGES. VentureNet agrees that Scott Cacurak shall not be
     liable to VentureNet for any actions, damages, claims, liabilities, costs
     expenses, or losses in any way arising out of or relating to the services
     performed hereunder for an aggregate amount in excess of the fees paid by
     VentureNet to Scott Cacurak under this engagement. In no event shall Scott
     Cacurak be liable for consequential, special, indirect, incidental,
     punitive or exemplary damages, costs, expenses, or losses (including,
     without limitation, lost profits and opportunity costs). In furtherance and
     not in limitation of the foregoing, Scott Cacurak will not be liable in
     respect of any decisions made by VentureNet as a result of the performance
     by Scott Cacurak of his services hereunder. The provisions of this
     Paragraph shall apply regardless of the form of action, damage, claim,
     liability, cost, expense, or loss, whether in contract, statute, tort
     (including, without limitation, negligence), or otherwise.

<PAGE>

7.   COOPERATION. VentureNet shall cooperate with Scott Cacurak in the
     performance by Scott Cacurak of his services hereunder, including, without
     limitation, providing Scott Cacurak with reasonable facilities and timely
     access to data, information and personnel of VentureNet. VentureNet shall
     be responsible for the performance of its employees and agents and for the
     accuracy and completeness of all data and information provided to Scott
     Cacurak for purposes of the performance by Scott Cacurak of his services.

8.   FORCE MAJEURE. Neither VentureNet nor Scott Cacurak shall be liable for any
     delays resulting from circumstances or causes beyond its reasonable
     control, including, without limitation, fire or other casualty, act of God,
     strike or labor dispute. war or other violence, or any law, order or
     requirement of any governmental agency or authority.

9.   LIMITATION ON ACTIONS. No action, regardless of form, arising under or
     relating to this engagement. may be brought by either party more than one
     year after the cause of action has accrued, except that an action for
     non-payment may be brought by a party not later than one year following the
     date of the last payment due to such party hereunder.

10.  INDEPENDENT CONTRACTOR. It is understood and agreed that each of the
     parties hereto is an independent contractor and that neither party IS, nor
     shall be considered to be, an agent, distributor or representative of the
     other. Neither party shall act or represent itself, directly or by
     implication, as an agent of the other or in any manner assume or create any
     obligation on behalf of, or in the name of, the other.

11.  CONFIDENTIALITY. VentureNet and Scott Cacurak acknowledge and agree that
     all information communicated to either VentureNet or Scott Cacurak by the
     other party in connection with the performance by a party under this
     Agreement shall be received in confidence, shall be used only for purposes
     of this Agreement, and no such confidential information shall be disclosed
     by the respective parties or their agents or personnel without the prior
     written consent of the other party. Except to the extent otherwise required
     by applicable law or professional standards, the parties' obligations under
     this section do not apply to information that: (a) is or becomes generally
     available to the public other than as a result of disclosure by VentureNet
     or Scott Cacurak, (b) was known to either VentureNet or Scott Cacurak or
     had been previously possessed by VentureNet or Scott Cacurak without
     restriction against disclosure at the time of receipt thereof by VentureNet
     or Scott Cacurak, (c) was independently developed by VentureNet or Scott
     Cacurak without violation of this Agreement or (d) VentureNet and Scott
     Cacurak agree from time to time to disclose. Each party shall be deemed to
     have met its nondisclosure obligations under this Paragraph as long as it
     exercises the same level of care to protect the other's information as it
     exercises to protect its own confidential information, except to the extent
     that applicable law or professional standards impose a higher requirement.
     Scott Cacurak may retain, subject to the terms of this Paragraph, copies of
     VentureNet's confidential information required for compliance with
     applicable professional standards or internal policies. If either party
     receives a subpoena or other validly issued administrative or judicial
     demand requiring it to disclose the other party's confidential information,
     such party shall provide prompt written notice to the other party of such
     demand in order to permit such party to seek a protective order. So long as
     the notifying party gives notice as provided herein, the notifying party
     shall thereafter be entitled to comply with such demand to the extent
     permitted by law, subject to any protective order or the like that may have
     been entered in the matter.

<PAGE>

12.  SURVIVAL. The provisions of Paragraphs 1, 2, 4, 5, 6, 9, 10, 11 and 14
     hereof shall survive the expiration or termination of this engagement.

13.  ASSIGNMENT. Neither party may assign, transfer or delegate any of the
     rights or obligations hereunder without the prior written consent of the
     other party.

14.  SEVERABILITY. In the event that any term or provision of this Agreement
     shall be held to be invalid, void or unenforceable, then the remainder of
     this Agreement shall not be affected, impaired or invalidated, and each
     such term and provision of this Agreement shall be valid and enforceable to
     the fullest extent permitted by law.

15.  ENTIRE AGREEMENT. These terms, and the Proposal or Engagement Letter to
     which these terms are appended, constitute the entire agreement between
     Scott Cacurak and VentureNet with respect to the subject matter hereof and
     supersede all other oral and written representations, understandings or
     agreements relating to the subject matter hereof.<PAGE>
Exhibit 10.6        Employment Agreement with Michael N. Brette

                         VENTURENET CAPITAL GROUP, INC.

                              EMPLOYMENT AGREEMENT
                                      WITH
                                MICHAEL N. BRETTE

            THIS EMPLOYMENT AGREEMENT (the "Agreement") is made and entered into
as of January 1, 2001, between VentureNet Capital Group, Inc., a Delaware
corporation (the "Company"), and Michael N. Brette, an individual (the
"Executive").

                                    RECITALS

            WHEREAS, the Company wishes to employ the Executive as
President/Chief Executive Officer and Chairman of the Company;

            WHEREAS, the Executive wishes to enter into the employ of the
Company as its President/Chief Executive Officer and Chairman;

            WHEREAS, to provide Executive with incentive to enter into its
employ, the Company desires to provide Executive with compensation under the
conditions set forth in this Agreement; and

            WHEREAS, Company and the Executive wish to define their relationship
and to ensure employment on the terms and conditions of this Agreement.

            NOW, THEREFORE, in consideration of the foregoing and of the
respective covenants and agreements of the parties herein contained, the parties
hereto, intending to be legally bound, hereby agree as follows:

            1. PURPOSE OF AGREEMENT

            The purpose of this Agreement is to define the relationship between
the Company, as employer of Executive, and Executive, as an employee of the
Company.

            2. EMPLOYMENT

            During the term of this Agreement, Executive shall serve as the
President/Chief Executive Officer and Chairman of the Company and perform the
tasks incident to these positions. The Executive shall report to the Board of
Directors of the Company. Executive's position is full-time and Executive shall
devote as much time as may be necessary to perform Executive's duties.

<PAGE>

            3. TERM OF EMPLOYMENT

            Subject to prior termination pursuant to Section 11 hereof, this
Agreement shall terminate on May 31, 2001 and shall commence on the date hereof
(the "Employment Period").

            4. COMPENSATION

            4.1 SALARY

            The Company will pay the Executive a basic contract fee of one
million (1,000,000) shares of the common stock of Company as of the date of
execution hereof. Said shares shall be issued under an S-8 registration or other
appropriate registration at the Company's expense. The Company shall from time
to time execute, or use diligent efforts to cause to be executed, all such
documents and agreements as are necessary to vest in the Executive no less than
the preferential treatment (including without limitation, liquidation preference
and anti-dilution rights) granted to other current or future holders of the
common stock.

            4.2 BONUS

            Executive may be entitled to receive, in addition to the annual base
salary referenced above, an annual bonus in an amount to be determined by the
Board of Directors of the Company in its sole discretion.

            4.3 STOCK OPTIONS

            Nothing contained in this Agreement shall affect the right of
Executive to receive benefits or other shares under any option plan existing or
adopted by the Company. The options, if any, will be designated as incentive
stock options to the extent permitted under the Plan and applicable law.

            5. REIMBURSEMENT OF BUSINESS-RELATED EXPENSES INCURRED BY EXECUTIVE

            The Company shall reimburse Executive for all reasonable and
necessary expenses incurred by Executive in connection with his employment
hereunder, in accordance with the general policy of the Company regarding
reimbursement of Executive's expenses or pursuant to an applicable travel
policy.

            6. BENEFITS

            Executive shall be entitled to receive such health, dental, personal
disability, life insurance and flexible time-off benefits as are provided for
other executives of the Company with similar duties and work requirements and as
may be authorized and adopted from time to time in the future by the Company.
Executive shall be entitled to the number of weeks of paid vacation each year as
the Company grants to its senior executives.

<PAGE>

            7. NONCOMPETITION

            Executive agrees that during the Employment Period and for a period
of twelve (12) months thereafter, he will not, except in furtherance of his
employment with the Company, without the prior written consent of the Company,
either directly or indirectly operate, control, advise, be engaged by, perform
any consulting services for, invest in (other than less than one percent of the
outstanding stock in a publicly held corporation which is listed on the NASDAQ
national market or traded over-the-counter or on a recognized securities
exchange) or otherwise become associated in any capacity with, any business,
company, partnership, organization, proprietorship, or other entity in
competition with the Company in those geographical areas in which the Company
conducts or has conducted such business, or intends to conduct business,
consistent with the Company's current, written business plans, during
Executive's employment.

            8. NONDISCLOSURE

            Executive agrees at all times to hold as secret and confidential
(unless disclosure is required by the Company or would be in furtherance of
Executive's employment with the Company or is required pursuant to court order,
subpoena in a governmental proceeding, arbitration or pursuant to other process
or requirement of law) any and all knowledge, information, developments,
manufacturing and trade secrets, know-how and confidences of the Company or its
business of which he has knowledge during the Employment Period, to the extent
such matters have not previously been made public, are not thereafter made
public, or do not otherwise become available to Executive from a third party
not, to Executive's best knowledge, bound by any confidentiality agreement with
the Company ("Confidential Information"). The phrase "made public" as used in
this Agreement shall apply to matters within the domain of (a) the general
public or (b) the Company's industry. Executive agrees not to use such knowledge
for his own benefit or for the benefit of others or, except as provided above,
disclose any of such Confidential Information without the prior written consent
of the Company, which consent shall make express reference to this Agreement.

            9. NONINTERFERENCE

            Executive agrees that during the Employment Period and for a period
of twelve (12) months thereafter, he will not, except in furtherance of his
employment with the Company or as a part of his duties as an officer of the
Company, without the prior written consent of the Company, directly or
indirectly solicit, induce or attempt to solicit or induce any executive, agent
or other representative or associate of the Company to terminate its
relationship with the Company or in any way interfere with such a relationship.

<PAGE>

            10. DISCLOSURE OF PROPRIETARY INTELLECTUAL PROPERTY

            10.1 Executive agrees that he will promptly disclose to the Company
any and all improvements, discoveries, ideas, developments or inventions
composing proprietary intellectual property which may be material to the
operations and business of the Company (the "Improvements") which Improvements
are made or conceived by Executive, acting alone or in conjunction with others,
(a) during the Employment Period, or (b) to the extent the Improvements are
specifically and directly related to the company products within three (3) years
after the Employment Period, if such Improvement results from or was suggested
by such employment. Executive shall not disclose any such Improvement to any
person, except the Company and shall use all reasonable efforts to provide the
Company written disclosure of such Improvements. Each such Improvement shall be
the sole and exclusive property of and is hereby assigned to the Company.
Executive agrees that, at the request of the Company, Executive will execute
such applications, statements, assignments or other documents, furnish such
information and data and take all such other action (including without
limitation the giving of testimony) as the Company may from time to time
reasonably request in order to obtain for the Company a registration or patent
in the United States or any foreign country covering or pertaining to any such
Improvement. The Company and Executive hereby acknowledge and agree that the
obligations set forth in this Section 10 do not apply to an Improvement for
which no equipment, supplies, facility, copyright, patent or patent application,
registration, information, or other intellectual property or trade secret
information of the Company was used and which was developed entirely on
Executive's own time, unless (a) the Improvement relates (i) directly to the
business of the Company, or (ii) to the Company's actual or demonstrably
anticipated research or development, or (b) the Improvement results from any
work performed by Executive for the Company.

            11. TERMINATION OF EMPLOYMENT

            11.1 EVENTS OF TERMINATION

            (a) Notwithstanding anything to the contrary contained herein, this
Agreement shall terminate immediately and, except for the obligations of
Executive set forth in Sections 7, 8, 9, 10 and 11.2 hereof and the payment by
the Company of all salary, expenses or benefits which may be earned but unpaid
or unreimbursed (as the case may be) as of the date of termination which
obligations shall survive such termination, all rights and obligations of the
Company and Executive hereunder shall be completely null and void upon the
earliest to occur of the following:

                       (i) the death of Executive;

                       (ii) the termination of Executive's employment by the
Company "for cause" during the term of this Agreement; or

                       (iii) the voluntary termination by Executive of his
employment with the Company during the term of this Agreement pursuant to
Section 11.1(b) hereof.
<PAGE>

            As used in subsection (ii) above, a termination "for cause" may
include, but shall not be limited to, the occurrence of any of the following
events during the Employment Period:

                                   (A) Executive's conviction of any felony, or
conviction of embezzlement, destruction or misappropriation of money or other
property of the Company;

                                   (B) Executive's failure, refusal or inability
to perform his duties on behalf of the Company, which duties are consistent with
the scope and nature of Executive's responsibilities as an officer of the
Company and which are not remedied by Executive within a reasonable time period
after receipt of written notice of such alleged violative activities;

                                   (C) any act of gross negligence, intentional
waste, disloyalty or unfaithfulness by Executive to the Company; or

                                   (D) a breach of any of the terms and
provisions of Sections 7, 8, 9, or 10 of this Agreement or any breach of the
fiduciary duties owed to the Company by Executive.

                       (b) Executive may terminate this Agreement in the event
the Company fails or refuses to perform, or otherwise breaches, the provisions
of this Agreement and the Company fails to cure such breach within thirty (30)
days after receiving written notice from Executive describing such breach and
specifically referring to this Section 11.1(b).

            11.2 EXECUTIVE'S RESPONSIBILITIES UPON TERMINATION

            Following any notice of termination, Executive shall fully cooperate
with the Company in all matters relating to the winding up of his pending work
on behalf of the Company and to the orderly transfer of any such pending work to
other executives of the Company as may be designated by the Company.

            11.3 NOTICE

            The term "Notice of Termination" shall mean at least 20 working
days' written notice of termination of Executive's employment, during which
period Executive's employment and performance of services will continue;
provided, however, that the Company may, upon notice to Executive and without
reducing Executive's compensation during such period, excuse Executive from any
or all of his or her duties during such period. The effective date of the
termination of Executive's employment hereunder shall be the date on which such
20-day period expires.

<PAGE>

            12. TERMINATION PAYMENTS

            In the event of termination of the employment of Executive, all
compensation and benefits set forth in this Agreement shall terminate except as
specifically provided in this Section 12:

            12.1 TERMINATION BY THE COMPANY

            If the Company terminates Executive's employment prior to the end of
the term of this Agreement, Executive shall be entitled to receive (a)
termination payments equal to the amounts payable under Section 4 of the
Agreement, and (b) any unpaid annual base salary and any accrued vacation and
deferred compensation (together with accrued interest or earnings thereon, if
any) payable under the deferral plan, which has accrued for services already
performed as of the date termination of Executive's employment becomes
effective.

            12.2 TERMINATION BY EXECUTIVE

            In the case of the termination of Executive's employment by
Executive, Executive shall not be entitled to any payments hereunder, other than
those set forth in clause (b) of Section 12.1 hereof.

            12.3 EXPIRATION OF TERM

            In the case of a termination of Executive's employment as a result
of the expiration of the term of this Agreement, Executive shall not be entitled
to receive any payments hereunder, other than those set forth in clause (b) of
Section 12.1 hereof.

            12.4 PAYMENT SCHEDULE

            All payments under this Section 12 shall be made to Executive at the
same interval as payments of salary were made to Executive immediately prior to
termination.

            13. INTEGRATION

            This Agreement constitutes the entire agreement between Executive
and the Company relating in any way to the employment of Executive by the
Company, and supersedes all prior discussions, understandings and agreements
between them with respect thereto.

            14. INVALID PROVISION

            The invalidity or unenforceability of any particular provision of
this Agreement shall not affect any other provision hereof, and the Agreement
shall be construed in all other respect as if such invalid or unenforceable
provisions were omitted. However, if any court should determine that the
duration or any other feature of any restriction contained in Section 7 of this
Agreement is unenforceable, it is the intention of the parties that the
provisions of such Section as set forth herein shall not thereby be terminated,
but shall be deemed amended to the extent required to render them valid and
enforceable.
<PAGE>

            15. ATTORNEYS' FEES

            In the event of a dispute arising out of the interpretation or
enforcement of this Agreement, the prevailing party shall be entitled to recover
reasonable attorneys' fees and costs.

            16. BINDING EFFECT

            This Agreement shall be binding upon and shall inure to the benefit
of the respective parties hereto, their heirs, executors, successors and
assigns.

            17. GOVERNING LAW

            This Agreement and the parties' performance hereunder shall be
governed by and interpreted under the laws of the State of California. Executive
agrees to submit to the jurisdiction of the courts of the State of California,
and that venue for any action arising out of this Agreement or the parties'
performance hereunder may be laid in Riverside County, California.

            18. AMENDMENTS

            Any term of this Agreement may be amended and the observance of any
term may be waived (either generally or in a particular instance and either
retroactively or prospectively) only with the written consent of the parties.

            19. ASSIGNMENT

            This Agreement is personal to Executive and shall not be assignable
by Executive. The Company may assign its rights hereunder to (a) any corporation
resulting from any merger, consolidation or other reorganization to which the
Company is a party or (b) any corporation, partnership, association or other
person to which the Company may transfer all or substantially all of the assets
and business of the Company existing at such time. All of the terms and
provisions of this Agreement shall be binding upon and shall inure to the
benefit of and be enforceable by the parties hereto and their respective
successors and permitted assigns.

            20. CONSENTS AND WAIVERS

            No consent or waiver, express or implied, by any party hereto to or
of any breach or default by any other party in the performance by the others of
their obligations hereunder shall be valid unless in writing, and no such
consent or waiver shall be deemed or construed to be a consent or waiver to or
of any other breach or default in the performance by such other party of the
same or any other obligations of such party hereunder. Failure on the part of
any party to complain of any act or failure to act of any other party or to
declare the other parties in default, irrespective of how long such failure
continues, shall not constitute a waiver by such party of its rights hereunder.
The granting of any consent or approval in any one instance by or on behalf of
the Company shall not be construed to waive or limit the need for such consent
or approval in any other subsequent instance.

<PAGE>

            21. CONSTRUCTION

            This Agreement has been submitted to the scrutiny of, and has been
negotiated by, all parties hereto and their counsel, and shall be given a fair
and reasonable interpretation in accordance with the terms hereof, without
consideration or weight being given to its having been drafted by any party
hereto or its counsel.

            22. HEADINGS

            Titles or captions of sections contained in this Agreement are
inserted only as a matter of convenience and for reference, and in no way
define, limit, extend or describe the scope of this Agreement or the intent of
any provisions hereof.

            23. REMEDIES IN EQUITY

            The rights and remedies of the parties hereunder shall not be
mutually exclusive, i.e., the exercise of one or more of the provisions hereof
shall not preclude the exercise of any other provisions hereof. The parties
confirm that damages at law will be an inadequate remedy for a breach or
threatened breach of this Agreement and agree that their respective rights and
obligations hereunder shall be enforceable by specific performance, injunction
or other equitable remedy as well as at law or otherwise.

            24. ARBITRATION

            Any controversies or claims arising out of or relating to this
Agreement or to executive's employment with the company shall be fully and
finally settled by arbitration in the City of Riverside, California under
California law and in accordance with the Commercial Arbitration Rules of the
American Arbitration Association then in effect (the AAA Rules), conducted by
one arbitrator either mutually agreed upon by the company and the executive or
chosen in accordance with the AAA rules.

[signatures begin on the next page]

<PAGE>

                                             COMPANY:

                                             VENTURENET CAPITAL, INC.,
                                             A Delaware corporation

                                             By: /s/ Michael N. Brette
                                                 ---------------------
                                             Name: Michael N. Brette
                                                   -----------------
                                             Title: President
                                                    ---------

                                             EXECUTIVE:

                                             /s/ Michael N. Brette
                                             ---------------------
                                             Michael N. Brette

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