Document:

LICENSE AGREEMENT
                               ------------------

         This License Agreement ("Agreement") is entered into effective as of
the 23 day of August, 2000 (the "Effective Date"), by and between WINDMILL
SCIENTIFIC CORPORATION, a Florida corporation ("Licensor"), and WHITEHALL
ENTERPRISES, INC., a Delaware corporation ("Licensee").

         WHEREAS, Licensor has the sole proprietary rights in certain software
known as "DocPal Medical Review"; and

         WHEREAS, subject to the terms and conditions of this Agreement, the
Parties desire Licensor to license to Licensee Licensor's DocPal software for
use on the Licensee Site and to otherwise market throughout the world;

         NOW, THEREFORE, the Parties, intending to be legally bound, hereby
agree as follows:

1.       DEFINITIONS

1.1      "Confidential Information" shall mean confidential or other proprietary
information that is disclosed by Licensor to Licensee under this Agreement,
including, without limitation, hardware and software designs and code, product
specifications and documentation, business and product plans, and other
confidential business information. Confidential Information shall not include
information which Licensee can show: (i) is or becomes public knowledge without
any action or omission by, or involvement of, Licensee; (ii) is released from
confidential treatment by written consent of Licensor; or (iii) is independently
developed by Licensee without use of or reference to the Confidential
Information.

1.2      "Intellectual Property Rights" shall mean all forms of intellectual
property rights and protections that may be obtained for, or may pertain to, the
Licensed Product and Confidential Information and may include, without
limitation, all right, title and interest in and to all (i) Letters Patent and
all filed, pending or potential applications for Letters Patent, including any
reissue, reexamination, division, continuation or continuation-in-part
applications throughout the world now or hereafter filed; (ii) trade secret
rights and equivalent rights arising under the common law, state law, federal
law and laws of foreign countries; (iii) mask works, copyrights, other literary
property or authors' rights, whether or not protected by copyright or as a mask
work, under common law, state law, federal law and laws of foreign countries;
and (iv) proprietary indicia, trademarks, trade names, symbols, logos and/or
brand names under common law, state law, federal law and laws of foreign
countries.

1.3      "Licensed Product" means the product that is identified as Licensed
Product in the attached Exhibit A, and all Updates provided to Licensee
hereunder.

1.4      "Object Code" shall mean machine readable program code that is
expressed in a form that is not generally suitable for modification by humans
without reverse engineering.

<PAGE>

1.5      "Party" shall mean Licensor or Licensee as applicable, and "Parties"
means Licensor and Licensee.

1.6      "Update" shall mean a revision of the Licensed Product which Licensor
may from time to time produce, if any. Updates shall include bug fixes and
corrections provided by Licensor for the Licensed Product. The inclusion of new
functionality, modules or products within an Update is within the sole
discretion of Licensor.

2.       LICENSE

2.1      License Grant. Subject to the terms and conditions of this Agreement,
Licensor hereby grants to Licensee an exclusive royalty bearing license during
the term of this Agreement to use the Licensed Product (the "License") on an
Internet website and to market throughout the world in all formats and media
except as provided below and, provided further, that this License is assignable
to a subsidiary of Licensee (subject to Licensee remaining liable for the
subsidiary's performance of Licensee's obligations hereunder). Notwithstanding
the foregoing, Licensor retains the exclusive right to license, market and sell
the Licensed Product in all formats and media, except for use on an Internet
website, pursuant to all agreements, joint ventures and licenses (and renewals
or amendments thereof) with respect to DocPal to which Licensor is a party as of
the date of this Agreement, and made part of this agreement as Exhibit B.

2.2      Restrictions. Licensee shall not reverse engineer or de-compile or
otherwise attempt to obtain the source code for the Licensed Product, and shall
not permit any third party to do or attempt to do the same, and shall not sell,
lease, assign or otherwise transfer or disclose the Licensed Product, in whole
or in part, to any third party.

2.3      Quality Control. Prior to using a form of the Licensed Product in a
translation other than the English and the Spanish language, Licensee shall
submit the translated form of Licensed Product for Licensor's prior consent that
the form of translation meets the highest commercial standards.

3.       MAINTENANCE

3.1      Repairs. Licensor shall provide a patch, fix or solution for any
material malfunction, defect or failure of the Licensed Product to conform to
the applicable user documentation within a reasonable period of time following
notification by Licensee.

3.2      Updates. Licensor shall provide Licensee with Updates to the Licensed
Product within 30 days after Licensor completes such Updates. The decision to
create any Updates shall remain in Licensor's sole discretion.

3.3      Exclusions. Licensor shall have no obligations to provide maintenance
or support hereunder relating to any errors, defects or malfunctions caused by
(i) erroneous data input, (ii) errors or defects in, or malfunction of, third
party hardware or software, (iii) modifications not made by Licensor, (iv)
operator error, (v) use that is not in accordance with applicable operating
instructions, or (vi) failure to use the most recent Update to the Licensed
Product.

<PAGE>

4        CONSIDERATION

In consideration of this Agreement, Licensee shall pay to Licensor the
following:

4.1      License Fee. A nonrefundable initial license fee of $500,000, payable
in 15 equal installments of $33,333 commencing on the date hereof and on the
next 14 - 15th days of each month commencing September 15, 2000.

4.2      Profit Participation. An annual fee payable on or before the last day
of February of each year equal to 25% of the Net Profits for the preceding year
inuring to Licensee from the Licensed Product. "Net Profits" as used herein
shall mean all revenues received in connection with the Licensed Product
("Revenues"), from whatever source, of the division or subsidiary whose sole
revenues and expenses relate to the Licensed Product including all fees, sales
and advertising revenues, linkage revenues and user fees from the Licensee Site,
less operating expenses determined in accordance with generally accepted
accounting principles, excessive benefits, excessive salaries, excessive bonuses
and excessive incentive compensation shall be excluded from such operating
expenses.

4.3      Royalties. An annual royalty fee equal to 7.5% of Revenues for each
year commencing with the year 2001 payable on or before the last day of February
of the following year.

4.4      Debenture. A convertible debenture issued in the name of Licensor and
delivered to Licensor contemporaneously with the execution hereof in the
principal amount of $2,150,000 in the form attached hereto as Exhibit C.

4.5      Audit Rights. Licensor or its agents shall have the right to audit and
review the books and records of Licensee from time to time during reasonable
business hours in order to confirm the Revenues and related operating expenses.

5        FEASIBILITY

Licensee shall have 90 days from the date of this Agreement to establish the
feasibility of the Licensed Product. Licensor agrees to cooperate fully with
Licensee and provide all reasonable data and information and personnel for the
purpose of enabling Licensee to establish feasibility. If Licensee determines
that its intended use of the Licensed Product is not feasible, it may terminate
this Agreement by giving written notice of termination to Licensor on or prior
to such 90th day. In the event of termination, (i) Licensee shall comply with
Section 10.4 hereof, (ii) the parties shall have no further liabilities or
obligations hereunder and (iii) Licensor shall not be obligated to refund any
consideration paid to it hereunder prior to the date of termination.

<PAGE>

6        INTELLECTUAL PROPERTY RIGHTS AND CONFIDENTIALITY

6.1      Intellectual Property Rights. Licensee hereby recognizes that, except
as expressly set forth herein, Licensor retains all Intellectual Property Rights
in the Licensed Product and Confidential Information, including, without
limitation, all derivative works thereof. Licensee hereby assigns and agrees to
assign any rights Licensee may have in the Licensed Product or Confidential
Information, or any derivative works thereof.

6.2      Confidentiality. Licensee agrees to observe complete confidentiality
with respect to the Confidential Information; not to disclose, or permit any
third party or entity access to, the Confidential Information (or any portion
thereof) without prior written permission of Licensor; and to insure that any
employees, or any third parties who receive access to the Confidential
Information, are advised of the confidential and proprietary nature thereof and
are prohibited from copying, utilizing or otherwise revealing the Confidential
Information. Without limiting the foregoing, Licensee agrees to employ with
regard to the Confidential Information procedures no less restrictive than the
strictest procedures used by it to protect its own confidential and proprietary
information, but in no event less than a reasonable degree of care. Licensee may
disclose Confidential Information to the extent required by judicial or
governmental order provided that Licensee provides Licensor with sufficient
prior notice to contest such order or seek appropriate confidential treatment of
the Confidential Information.

7        WARRANTY

7.1      General. Licensor represents and warrants to Licensee that during the
term of this Agreement the Licensed Product shall substantially conform to, and
operate in accordance with, the applicable user documentation.

7.2      Year 2000. Licensor represents and warrants to Licensee that the
Licensed Product, when used in accordance with the documentation and with the
most recent Update, is capable of correctly processing date data after January
1, 2000, provided that all products used with the Licensed Product properly
exchange accurate date data with the Licensed Product in a format compatible
with the Licensed Product.

7.3      No Viruses. Licensor represents and warrants to Licensee that, to the
best of its knowledge, the Licensed Product will not contain, at the time of
shipment by Licensor, any "worm," or similar computer "virus" that intentionally
erases or disables any software or data contained in Licensee's computer systems
without Licensee's authorization.

7.4      Limitation. Licensor's sole responsibility under the representations
and warranties set forth herein shall be to repair or replace the Licensed
Product, even if such repair or replacement fails of its essential purpose.
Licensor shall have no obligations under this Agreement for any errors, defects
or malfunctions caused by (i) erroneous data input, (ii) errors or defects in,
or malfunction of, third party hardware or software, (iii) modifications not
made by Licensor, (iv) operator error, (v) use that is not in accordance with
applicable operating instructions, or (vi) failure to use the most recent Update
to the Licensed Product.

<PAGE>

7.5      Disclaimer. EXCEPT FOR THE WARRANTIES SPECIFICALLY STATED IN THIS
ARTICLE 7, LICENSOR HEREBY DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED,
INCLUDING ANY IMPLIED WARRANTY OF MERCHANTABILITY.

8        INDEMNIFICATION

8.1      By Licensor. Licensor shall, at its expense, defend, indemnify and hold
harmless Licensee from any cost, damage, liability or expense (including
reasonable attorneys' fees) brought against Licensee by a third party based on
(i) a claim that the use of the Licensed Product as shipped by Licensor to
Licensee infringes the Intellectual Property Rights of a third party, (ii)
proper use of, or reliance on, the Licensed Product in accordance with the terms
of this Agreement, (iii) any breach of this Agreement by Licensor, or (iv) any
gross negligence or willful misconduct by Licensor, its agents or employees.
Licensee agrees to promptly notify Licensor in writing of any claim, to permit
Licensor to defend, compromise or settle the claim and to provide all available
information and reasonable assistance regarding such claim. Licensor shall not
be liable for any costs, or fees incurred by Licensee on such action or claim
unless authorized in writing by Licensor.

8.2      Remedies. Should any Licensed Product become, or in Licensor's opinion
be likely to become, the subject of a claim for infringement of a third party's
Intellectual Property Rights, Licensor may (i) procure for Licensee, at no cost
to Licensee, the right to continue to use the Licensed Product, (ii) replace or
modify the Licensed Product at no cost to Licensee, to make such non-infringing,
provided that the replacement or modified Licensed Product provides
substantially similar function and performance, or (iii) if neither (i) or (ii)
are practical, terminate this Agreement.

8.3      By Licensee. Except for claims that the Licensed Product as shipped by
Licensor to Licensee infringe the Intellectual Property Rights of a third party,
Licensee shall, at its expense, indemnify, defend, and hold harmless Licensor
from any cost, damage, liability or expense (including reasonable attorneys'
fees) brought against Licensor by a third party based on a claim arising from or
related to (i) proper use of, or reliance on, the Licensed Product in accordance
with the terms of this Agreement, (ii) any breach of this Agreement by Licensee,
or (iii) any gross negligence, or willful misconduct of Licensee, its agents or
employees. Licensor agrees to promptly notify Licensee in writing of any claim,
to permit Licensee to defend, compromise or settle the claim and to provide all
available information and reasonable assistance regarding such claim. Licensee
shall not be liable for any costs, or fees incurred by Licensor on such action
or claim unless authorized in writing by Licensee.

8.4      Special Indemnification.

         a. Licensor further agrees to indemnify and save harmless Licensee for
         any damages sustained by licensee as a result of any foreign licensees
         or parties included in Exhibit B effecting sales, agreements, joint
         ventures or licenses for the Licensed Products in jurisdictions
         reserved to the Licensee.

         b. Licensor further agrees to indemnify and save harmless Licensee for
         any damages sustained by Licensee as a result of any claim by one Mr.
         Ricardo Bisio regarding the software known as "DocPal Medical Review".
         Licensor states that this aforementioned negotiation between Licensor
         and Mr. Ricardo Bisio does not in any way involve the Licensee, nor
         does it have any relevance to this Agreement between Licensor and
         Licensee.

<PAGE>

8.5      Limitation. Licensor shall have no liability for any claim or suit
based upon: (i) the alteration or modification of any Licensed Product that was
not made by Licensor; or (ii) the failure by Licensee to use the most current
Update to the Licensed Product.

8.6      Entire Liability. This Article 8 states the entire liability of
Licensor with respect to infringement of any Intellectual Property Rights by the
Licensed Product and Licensor shall have no additional liability with respect to
any alleged or proven infringement.

9        LIMITATION OF LIABILITY

IN NO EVENT SHALL EITHER PARTY BE LIABLE TO THE OTHER PARTY OR ANY OTHER ENTITY
FOR ANY SPECIAL, CONSEQUENTIAL, INCIDENTAL, OR INDIRECT DAMAGES, HOWEVER CAUSED,
ON ANY THEORY OF LIABILITY, AND WHETHER OR NOT SUCH PARTY HAS BEEN ADVISED OF
THE POSSIBILITY OF SUCH DAMAGES. THESE LIMITATIONS SHALL APPLY NOTWITHSTANDING
TO ANY FAILURE OF ESSENTIAL PURPOSE OF ANY LIMITED REMEDY.

10       TERM AND TERMINATION

10.1     Term. This Agreement shall commence on the Effective Date and continue
for a period of 15 years (the "Term"), unless sooner terminated pursuant to this
Article 10. The Agreement may be renewed for subsequent terms upon agreement of
the parties.

10.2     Termination for Cause. In the event of any material breach of this
Agreement, the non-breaching Party may terminate this Agreement by giving 30
days' prior written notice to the other Party; provided, however, that this
Agreement shall not terminate if the other Party has cured the breach prior to
the expiration of such 30-day period. The minimum annual (calendar year) royalty
payment pursuant to Section 4.3 shall be $100,000 for the year 2001, $200,000
for the year 2002, $300,000 for the year 2003, $400,000 for the year 2004, and
then $500,000 yearly for the remainder of the term of this Agreement. In the
event that the annual royalty payment is less than stipulated above, Licensor
may terminate this Agreement or, at Licensor's option, the license granted
hereunder shall become nonexclusive. The annual royalty payment shall be payable
in cash or stock at Licensor's discretion.

10.3     Termination for Insolvency. Either Party may terminate this Agreement,
without notice, (i) upon the institution by or against the other Party of
insolvency, receivership or bankruptcy proceedings, (ii) upon the other Party's
making an assignment for the benefit of creditors, or (iii) upon the other
Party's dissolution or ceasing to do business.

10.4     Effect of Termination. Upon expiration or termination of this
Agreement, (i) the License granted hereunder pursuant to Section 2.1 shall
immediately terminate, (ii) Licensee shall pay to Licensor all unpaid Fees that
are payable hereunder prior to the date of termination, including profit
participation and royalties for any period to the date of termination which is
less than a full year, and (iii) Licensee shall, at the option of Licensor,
either destroy and certify the destruction of, or return to Licensor, all copies
of the Licensed Product, Updates, Confidential Information and all other
tangible materials relating to the foregoing.
<PAGE>

10.5     Survival. The provisions of Sections 10.4 and 10.5 and Articles 5, 6,
7, and 11 shall survive the expiration or termination of this Agreement for any
reason.

11       GENERAL PROVISIONS

11.1     Relationship of the Parties. The relationship of Licensor and Licensee
established by this Agreement is that of independent contractors, and nothing
contained in this Agreement shall be construed to (i) give either Party the
power to direct and control the day-to-day activities of the other, (ii)
constitute the Parties as partners, joint venturers, or co-owners, or (iii)
allow either party to create or assume any obligation on behalf of the other
party for any purpose whatsoever.

11.2 Notices. All notices and other communications hereunder shall be in writing
and shall be deemed effective when delivered by hand or by facsimile
transmission, or by recognized overnight courier, to the Parties at the
addresses listed below:

         If to Licensor:                    Windmill Scientific Corporation
                                            4210 N.W. 4th Street
                                            Miami, Florida 33126
                                            Attention:    Dr. Roberto P. Barcala
                                            Fax No.: 305-442-1488

         If to Licensee:                    Whitehall Enterprises, Inc.
                                            1825 Ponce de Leon Boulevard
                                            Coral Gables, Florida 33134
                                            Attention:    Mr. Luis Alvarez
                                            Fax No.: 305-858-2355

11.3     Headings. Section headings are for convenience only and shall not be a
part of the terms and conditions of this Agreement.

11.4     Waiver. Failure by either Party at any time to enforce any obligation
of the other Party, to claim a breach of any term of this Agreement or to
exercise any power agreed to hereunder will not be construed as a waiver of any
right, power or obligation under this Agreement, will not affect any subsequent
breach, and will not prejudice either Party as regards to any subsequent action.

11.5     Severability. If any term or provision of this Agreement should be
declared invalid by a court of competent jurisdiction, the remaining terms and
provisions of this Agreement shall remain unimpaired and in full force and
effect.

11.6     Assignment. Licensee may not assign this Agreement without the prior
written consent of Licensor, except to wholly owned subsidiaries of Licensee
provided that Licensee remains liable for any breach hereof by such subsidiary.
Licensor may not assign this Agreement without the prior written consent of
Licensee, except to wholly owned subsidiaries of Licensor provided that Licensor
remains liable for any breach hereof by such subsidiary.

<PAGE>

11.7     Governing Law. This Agreement shall be governed by and construed and
enforced in accordance with the substantive laws of the State of Florida,
without giving effect to principles of conflicts of laws.

11.8     Arbitration. Any controversy or disagreement arising out of or relating
to this Agreement or its termination shall be submitted for determination by a
board of arbitration consisting of three arbitrators who are to be appointed and
are to act in accordance with the rules of the American Arbitration Association.
The board of arbitration will hold its hearing in Miami-Dade County, Florida.
The board of arbitration shall cause its written decision to be delivered to the
parties. Any decision made by the board of arbitration shall be final, binding
and conclusive on the parties, and each party to the arbitration shall be
entitled to enforce such decision to the fullest extent permitted by law and
entered in any court of competent jurisdiction.

11.9     Attorneys' Fees. In connection with any arbitration or litigation
arising out of the enforcement of this Agreement or for its interpretation, the
prevailing Party shall be entitled to recover its costs, including reasonable
attorneys' fees, at the arbitration, trial and all appellate levels from the
other Party.

11.10    Force Majeure. Nonperformance of either Party shall be excused to the
extent the performance is rendered impossible by strike, fire, flood,
governmental acts or orders or restrictions, or any other reason where failure
to perform is beyond the reasonable control of and is not caused by the
negligence or intentional act or omission of the non-performing Party.

11.11    Entire Agreement. This Agreement, together with the attached Exhibits,
sets forth the entire agreement and understanding of the Parties relating to the
subject matter herein and merges all prior discussions between them. No
modification of or amendment to this Agreement, nor any waiver of any rights
under this Agreement, shall be effective unless in writing signed by the Party
to be charged.

                            (Signature Page Follows)

<PAGE>

         IN WITNESS WHEREOF, the Parties hereto through their duly authorized
representatives have executed this Agreement as of the day and year first set
forth above.

                                       WINDMILL SCIENTIFIC CORPORATION

                                       By   /s/ Roberto P. Barcala
                                           -----------------------
                                       Dr. Roberto P. Barcala, President

                                       WHITEHALL ENTERPRISES, INC.

                                       By   /s/ Luis Alvarez
                                            ----------------
                                       Luis Alvarez, Chairman & CEO

<PAGE>

                                                                      Exhibit A
                                                                      ---------
                                LICENSED PRODUCT

The licensed product is medical software for humans, written in English and
Spanish, known as "DocPal Medical Review". This software contains information
about general internal medicine, and is composed of three main sections:

1.       Written medical information on general internal medicine topics,
         accompanied by multimedia that compliments the specific topic.

2.       Four interactive laboratory consultants that guide the user in
         interpreting laboratory data. These consultants include Blood Test,
         Liver Function Tests, Pleural Effusion Analysis and Thyroid Function
         Tests.

3.       A Differential Diagnosis Finder that generates a differential diagnosis
         based on a selected clinical presentation.

<PAGE>

                                                                      Exhibit B
                                                                      ---------

                               FOREIGN AGREEMENTS
                               ------------------

As of the date of this Agreement, Windmill Scientific Corporation is a party to
the following agreements, joint ventures and/or licenses ("Contracts") in the
following countries:

          Country                 Other Parties and Expiration

         Argentina                 Dr. Armando Goldman and

                                   Mr. Julio Navarro                  7/00-10/00

         Uruguay                   Dr. Armando Goldman and

                                   Mr. Julio Navarro                  7/00-10/00

         Venezuela                 Dr. Raul Portillo                  6/00-6/01

         Colombia                  Dr. Jorge A. Pulido                6/00-6/01

         Mexico                    Dr. Jorge A. Pulido                6/00-6/01

         Costa Rica                Dr. Jorge A. Pulido                6/00-6/01

         Dominican Republic        Dr. Jorge A. Pulido                6/00-6/01

         Honduras                  Dr. Jorge A. Pulido                6/00-6/01

         Brazil                    Sr. Pedro Fialdini                 6/00-1/01

In the event that any of the Contracts terminate, Licensor retains the exclusive
right to enter into Contracts with other parties in that country in substitution
for the terminated Contract ("Substituted Contracts"); provided, however, that
Licensee shall have a right of first refusal with respect to such Substituted
Contracts. Prior to entering into any Substituted Contracts, Licensor will
provide Licensee with written notice of the terms of the Substituted Contract,
and Licensee will have 45 days to evaluate whether or not it wishes to enter
into the Substituted Contract. The Licensor and Licensee will proceed thereafter
in good faith to negotiate the remaining terms of the Substituted Contract.

<PAGE>

                                                                      Exhibit C

                              CONVERTIBLE DEBENTURE
                              ---------------------

$2,150,000.00                                                 August  31, 2000

         FOR VALUE RECEIVED, the undersigned, WHITEHALL ENTERPRISES, INC., a
Delaware corporation ("Maker"), hereby promises to pay to the order of WINDMILL
SCIENTIFIC CORPORATION ("Payee"), the principal sum of Two Million, One Hundred
and Fifty Thousand Dollars ($2,150,000.00) with interest on the unpaid principal
at the rate of 5% per year, and with the outstanding principal and all accrued
interest being due and payable 18 months after the date hereof ("Maturity Date")
all as hereinafter provided.

         1.       Payments of Interest and Principal
                  ----------------------------------

                  a.       Interest. Maker will pay interest to Payee on the
                           outstanding principal owed to Payee at the rate of 5%
                           per year. Interest will be payable at the Maturity
                           Date.

                  b.       Principal. Maker has no duty or obligation to pay any
                           portion of the outstanding principal owed hereunder,
                           except as provided hereinafter in paragraph 3, until
                           the Maturity Date. Thereafter, all outstanding
                           principal and accrued interest will be due and
                           payable to Payee at any time commencing at the
                           Maturity Date in the discretion of either the Maker
                           or the Payee; provided, however, the Maker shall have
                           the right to issue its Common Stock in payment of
                           principal and/or interest at a price to be determined
                           as provided in Section 3 below.

         2. Place of Payment. So long as Payee shall hold this Debenture, all
payments of principal and interest shall be made at the principal office of
Payee, as specified by Payee in writing upon presentment of this Debenture.

         3. Conversion. Payee may convert any or all of the outstanding
principal and accrued interest of this Debenture into Maker's common stock, par
value $.0001 per share ("Common Stock"), at the conversion price of $1.00 per
share at any time prior to the 18 months period commencing on the date of
execution of this Debenture, and thereafter at the conversion price equal to the
average closing bid price for a share of the Common Stock for the 5 trading days
prior to the Notice of Conversion (defined below), per share. The Payee shall
exercise the option to convert by sending this Debenture and written election to
such effect to Maker, which election shall specify the amount of indebtedness to
be converted ("Notice of Conversion"), and by completing any other such
documentation as shall be reasonably requested by Maker, including but not
limited to a subscription agreement.

<PAGE>

         4. Registration Rights. Payee and its assigns shall have the
registration rights described in this Section 4 with respect to all of the
shares of Common Stock issued to it pursuant to Sections 1.b and 3 hereof. If at
any time after the date hereof until the one-year anniversary of the issuance of
such shares Maker proposes to register any securities under the Securities Act
of 1933 on Forms S-1, S-2, S-3 or their successors, Maker shall give Payee
written notice thereof and, upon the written request of Payee given to Maker
within 10 days of such notice, Maker shall include in the registration statement
the number of shares of Common Stock or shares issuable upon conversion of this
Debenture which payee requests. Maker shall be responsible for the costs and
expenses of any registration under this Section 4. Maker shall indemnify and
hold Payee harmless from any loss, claim, damage or liability arising from any
untrue statement or omission of a material fact contained in any such
registration statement.

         The foregoing notwithstanding, Payee shall be entitled to demand
registration rights at the cost of the Maker if it converts this Debenture
within such initial 18-month period. Maker may defer such right at the request
of any underwriter for the Maker's securities.

         5. Covenants. Maker covenants and agrees that it will at all times
reserve and keep available an authorized number of shares of its Common Stock
sufficient to permit the exercise in full of all outstanding options, warrants
and rights, including the conversion rights under this Debenture.

         6.       Default.
                  -------

                  a.       Event of Default. Each of the following, to the
                  extent not cured by Maker on written notice from
                  Payee, shall constitute an "Event of Default" under
                  this Debenture:

                           i. Maker shall fail to make any payment under this
                  Debenture when due; or

                           ii. The dissolution or any other termination of
                  Maker's business as a going concern, the insolvency of Maker,
                  the appointment of a receiver for any part of Maker's
                  property, any assignment for the benefit of Maker's creditors,
                  or the commencement of any proceeding under any bankruptcy or
                  insolvency laws by or against Maker.

                  b.       Rights and Remedies on Default. Upon the concurrence
                  of an Event of Default, all outstanding principal and accrued
                  interest shall become immediately due and payable by Maker,
                  and the interest rate payable under this Debenture shall
                  increase from 5% per year to 18% per year, and shall continue
                  at that rate until the Event of Default is cured.

         7. Miscellaneous. In the event any provision contained in this
Debenture shall, for any reason, be held invalid, illegal or unenforceable in
any respect, the validity of all other terms and provisions hereto shall in no
way be affected thereby. This Debenture shall be read, construed and governed in
all respects in accordance with the laws of the State of Florida.

<PAGE>

         IN WITNESS WHEREOF, the undersigned has caused this Debenture to be
executed by its duly authorized officer and its seal affixed hereto, as of the
day and year first above written.

                                    WHITEHALL ENTERPRISES, INC.

                                    By:
                                        ----------------------------------------
                                             Luis Alvarez, Chairman & CEOAGREEMENT

This Agreement dated as of October 3, 2000 (the "Agreement") is made and entered
into by and among Alternative Lending Group, Inc., an Illinois corporation
("ALG"), Whitehall Enterprises, Inc., a Delaware corporation ("Whitehall"), MiB
Group, Ltd., an Indiana Corporation and MiB Financial Services, Inc., an Indiana
Corporation and a wholly owned subsidiary of MiB Group, Ltd. (collectively known
as the "Company"), and Scott J. Weaver ("Weaver") and Michael Beasley
("Beasley") (collectively the "Shareholders").

RECITALS:

A.       ALG is engaged in the mortgage banking and brokerage business, the
         principal office of which business is located at 1430 E. Missouri,
         Suite 125, Phoenix, Arizona 85014 and is a wholly owned subsidiary of
         Whitehall.

B.       The Company is engaged in the telemarketing and mortgage brokerage
         business, the principal office of which business is located at 9830
         Bauer Dr., Suite 200, Indianapolis, IN 46280.

C.       The Shareholders own 100% of the outstanding shares in the Company and
         all ownership interests in the Company's real, personal and
         intellectual property (collectively, " Shareholders' interests").

D.       ALG desires to acquire and the Shareholders desires to sell to ALG 100%
         of Shareholders' interests in the Company.

E.       Whitehall is willing to issue shares of its stock as consideration for
         the acquisition of 100% of Shareholders' interests in the Company and
         is willing to facilitate the transaction in the manner set forth
         herein.

COVENANTS:

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

1.     SALE AND PURCHASE OF THE COMPANY AND SHAREHOLDERS' INTERESTS

1.1    Sale and Purchase of Company and Shareholders' Interests. Shareholders
       hereby agree to sell and transfer to ALG all of the Shareholders'
       interests in the Company and ALG hereby agrees to purchase from the
       Shareholders all of Shareholders' interests. ALG's purchase includes, but
       is not limited to, the goodwill of the Company, restrictive covenants in
       favor of ALG as set forth herein, all Company office supplies, equipment
       and furnishings, customer lists, rights to access and business with
       customers and prospective customers, accounts receivable, existing books
       of business, proprietary and confidential information as defined in the
       Employment Agreement attached hereto as Exhibit A, and any and all other
       interests in real, personal or intellectual property owned by the
       Company.

1.2    Distribution of Whitehall shares to Weaver and Health Insurance Premium
       Reimbursement. Whitehall agrees, in consideration of the sale and
       transfer of the Shareholders' interests to ALG, to issue to Weaver four
       hundred fifty thousand (450,000) shares of the common stock of Whitehall
       (the "Whitehall shares") at the

<PAGE>

       Closing (as hereinafter described) which shall take place on or before
       October 3, 2000. Of the 450,000 Whitehall shares, Whitehall guarantees
       that two hundred twenty five thousand (225,000) of those Whitehall shares
       will have a value twelve (12) months from the Closing Date (as set forth
       in Section 1.4 herein) of two hundred twenty five thousand dollars
       ($225,000.00) (the "Guaranteed Shares"). In the event the Guaranteed
       Shares are valued at less than $225,000.00 twelve months from the Closing
       Date, Whitehall agrees to issue additional Whitehall shares (the
       "Additional Shares") to Weaver to make up the difference between the
       then-existing value of the Guaranteed Shares and the target value of
       $225,000.00 worth of Whitehall shares. The value of the Additional Shares
       will be determined as the value of the Additional Shares at the close of
       the OTCBB on the twelve month anniversary date of the Closing Date, which
       is October 3, 2001, or the next date the OTCBB is operating if the twelve
       month anniversary date falls on a weekend or holiday. Those Additional
       Shares shall be free-trading shares as of the twelve month anniversary
       date of the Closing Date. As additional consideration, ALG agrees to
       retain Weaver as a consultant to be paid an annual salary of one dollar
       ($1.00). ALG also agrees that so long as Weaver is not specifically
       excluded from coverage by any insurer, ALG shall keep Weaver insured
       under any existing health/dental plan of the Company through December
       31,2001 and shall pay all premiums therefore.

1.3    Distribution of Whitehall Shares to Beasley. Whitehall agrees, in
       consideration of the sale and transfer of the Shareholders interests to
       ALG, to issue to Beasley four hundred fifty thousand (450,000) shares of
       the common stock of Whitehall (the "Whitehall shares") at the Closing (as
       hereinafter described) which shall take place on or before October 3,
       2000. Of the 450,000 Whitehall shares, Whitehall guarantees that two
       hundred twenty five thousand (225,000) of those Whitehall shares will
       have a value twelve (12) months from the Closing Date (as set forth in
       Section 1.4 herein) of two hundred twenty five thousand dollars
       ($225,000.00) (the "Guaranteed Shares"). In the event the Guaranteed
       Shares are valued at less than $225,000.00 twelve months from the Closing
       Date, Whitehall agrees to issue additional Whitehall shares (the "
       Additional Shares") to Beasley to make up the difference between the
       then-existing value of the Guaranteed Shares and the target value
       of$225,000.00 worth of Whitehall shares. The value of the Additional
       Shares will be determined as the value of the Additional Shares at the
       close of the OTCBB on the twelve month anniversary date of the Closing
       Date, which is October 3, 2001, or the next date the OTCBB is operating
       if the twelve month anniversary date falls on a weekend or holiday. Those
       Additional Shares shall be free-trading shares as of the twelve month
       anniversary date of the Closing Date.

1.4    Other Agreements. In addition to the consideration referred to above, the
       parties respectively agree as follows:

(a)    Beasley agrees to sign the individual Employment Agreement attached
       hereto as Exhibit A.

1.5    Protected Interests of ALG. ALG recognizes, and Shareholders acknowledge,
       that Shareholders' industry experience, know-how and knowledge of the
       Company's markets, employees and their respective duties, customers,
       prospective customers, the Company's technology and the use thereof, as
       well as the administration of the Company, are valuable commodities and
       are protectable interests of ALG.

(a)    Weaver's Non-Compete. Weaver agrees that as part of this Agreement, he is
       receiving adequate consideration in exchange for his promise not to
       compete with ALG or any of its subsidiaries, including the Company, in
       the areas of mortgage and/or home improvement telemarketing, either
       directly, indirectly, through ownership, employment or by providing
       services as a consultant for three years from the Closing Date. Further,
       Weaver acknowledges that ALG does business in markets nationwide, ALG has
       a protectable interest in Shareholders' interests, and ALG would suffer
       irreparable harm if Weaver was to compete with ALG in violation

                                       2

<PAGE>

       of this Agreement. Therefore, Weaver agrees not to compete as defined
       above within any state in which ALG and/or the Company are licensed to do
       business for three years from the Closing Date.

(b)    Beasley's Non-compete. Beasley agrees that as part of this Agreement, he
       is receiving adequate consideration in exchange for his promise not to
       compete with ALG or any of its subsidiaries, including the Company,
       either directly, indirectly, through ownership, employment or by
       providing services as a consultant for a period of six years from the
       Closing Date (the "Non-compete Period"). In the event Beasley is
       dismissed from his employment with ALG for any reason or if he terminates
       his employment with ALG before five years from the Closing Date, the
       Non-compete Period shall be reduced by one year for every full year
       Beasley is employed with ALG per the terms of the Employment Agreement
       attached hereto as Exhibit A. (For example, if Beasley is terminated or
       quits his employment with ALG one year after the Closing Date, the
       Non-compete Period will be reduced to five years from the Closing Date.
       If Beasley is terminated or quits his employment with ALG two years after
       the Closing Date, the Non-compete Period will be reduced to four years
       from the Closing Date, etc.). If Beasley remains employed with ALG for
       the entire term of this Agreement, including option periods, then Beasley
       agrees not to compete with ALG for a period of one year from the date he
       is no longer employed with ALG. At no time shall the Non-compete Period
       be less than one year from the date Beasley is no longer employed with
       ALG. Further, Beasley acknowledges that ALG does business in markets
       nationwide, ALG has a protectable interest in Shareholders' interests,
       and ALG would suffer irreparable harm if Beasley was to compete with ALG
       in violation of this Agreement. Therefore, Beasley agrees not to compete
       as defined above within any state in which ALG and/or the Company are
       licensed to do business for the entire Non-compete Period as defined in
       the above-described formula.

(c)    Arizona Law Controls. Shareholders acknowledge that the non-compete and
       anti-piracy laws of Arizona shall apply to this Agreement, and
       Shareholders agree to waive any conflicts of laws in that regard. In the
       event that Beasley should terminate his employment with the Company prior
       to the conclusion of five years from the commencement of his employment,
       ALG may, at its sole election, by written notice to the parties,
       terminate this Agreement and the attached employment agreement.

1.6    Breach of Non-compete by Weaver. In the event Weaver violates the terms
       of this Section 1.5 above, Weaver agrees to reimburse ALG an amount equal
       to the value of the Whitehall shares tendered to him pursuant to Section
       1.2 above (including the Additional Shares and the Guaranteed Shares as
       defined in Section 1.2 above) on the 365th day after the Closing Date or
       the next business day if such day falls on a weekend or holiday (the
       "Valuation Date"). The value is determined as the amount at which
       Whitehall stock traded on the OTCBB at the close of trading on the
       Valuation Date. This remedy is non-exclusive, and Weaver agrees that ALG
       and/or the Company may pursue any and all other remedies available under
       Arizona statutory or common law.

       Breach of Non-compete by Beasley. In the event Beasley violates the terms
       of this Section 1.5 above, Beasley agrees to reimburse ALG an amount
       equal to the value of the Whitehall shares as defined in Section 1.3
       above (including the Additional Shares and the Guaranteed Shares as
       defined in Section 1.3 above), on the 365111 day after the Closing Date
       or the next business day if such day falls on a weekend or holiday (the
       "Valuation Date"). The value is determined as the amount at which
       Whitehall stock traded on the OTCBB at the close of trading on the
       Valuation Date. This remedy is non-exclusive, and Beasley agrees that ALG
       and/or Company may pursue any and all other remedies available under
       Arizona statutory or common law.

1.     7 Closing. Subject to the provisions of this Agreement, the Closing of
       the transactions contemplated by this Agreement shall take place at the
       offices of MiB Group, Ltd., 9830 Bauer Dr., Suite 200, Indianapolis, IN

                                       3

<PAGE>

       46280 on October 3, 2000 at 9:00 a.m., or at such other time, place or
       date, or by the use of mail and overnight deliveries as the parties may
       mutually agree. Provided, however, that if a condition to Closing set
       forth in Article 7 or elsewhere herein shall not have been fulfilled or
       waived at such time, any party hereto entitled to the benefits of such
       condition may postpone the Closing by notice to the other parties until
       such condition or conditions shall have been met or waived, except that
       in no event shall the Closing occur after October 3, 2000, without the
       written agreement of all parties hereto. The date and time of such
       Closing are herein referred to as the "Closing Date".

                      2. REPRESENTATIONS AND WARRANTIES OF
                        THE COMPANY AND THE SHAREHOLDERS

       Except as otherwise disclosed in writing to ALG or excepted in the
       schedules delivered by the Company and Shareholders to ALG (the
       "Disclosure Schedule"), the Company and the Shareholders covenant,
       represent and warrant, which representations and warranties shall be true
       and accurate as of the Closing Date as if such representations and
       warranties had been made as of the Closing Date, with and to ALG and
       Whitehall, their successors and assigns, as follows:

2.1    Organization. The Company is a corporation duly organized and validly
       existing and in good standing under the laws of the state of Indiana and
       has full power and authority to own, lease and operate all of its
       properties and assets and to carry on its business as it is now being
       conducted. No action has been taken by the Shareholders or any of them or
       by the Company which would prevent or make unlawful the agreements set
       forth herein.

2.2    Shareholders Interests. The Shareholders collectively, are the owners of
       100% of the shares in the Company. Neither the Shareholders nor any other
       persons or entities have any options or rights to acquire any additional
       other shares in the Company.

2.3    Authorization. This Agreement, the execution and delivery of this
       Agreement by the Company, and the performance by the Company of its
       obligations and undertakings referenced herein, have been duly authorized
       and approved by the Shareholders of the Company, and the Shareholders
       executing this Agreement on behalf of the Company have authority to do so
       and upon execution of this Agreement by such Shareholders, this Agreement
       shall be a valid and binding obligation of the Company and the
       Shareholders.

2.4    No Violation. Consents and Approvals. Neither the execution and delivery
       of this Agreement, nor the consummation of the transactions contemplated
       hereby and thereby, will conflict with, result in a breach of, permit any
       party to terminate or accelerate the provisions of, or result in the
       imposition of any lien, encumbrance or restriction upon the property or
       assets of the Company under:

(a)    the provisions of the Articles of Incorporation or the By-Laws of MiB
       Group, Ltd., ("MGL") and/or MiB Financial Services, Inc. ("MFSI").

(b)    the provisions of any obligation, indenture, agreement, permit or other
       instrument to which the Company is a party or which the Company holds; or

(c)    any statute or law or any order, decree, judgment, rule or regulation of
       any court or governmental agency or authority having jurisdiction over
       the Company. No permit, consent, approval or authorization of, or
       declaration, filing or registration with, any governmental or regulatory
       authority or other person

                                       4

<PAGE>

       (either governmental or private) is necessary in connection with the
       execution and delivery by the Company or the Shareholders of this
       Agreement or the consummation by them of the transactions contemplated
       hereby and thereby.

2.5    Financial Statements.
       ---------------------

(a)    Section 2.5 of the Disclosure Schedule sets forth true and correct copies
       of the audited balance sheets and profit and loss statements of MGL and
       MFSI as of October 3,2000. Also attached to Section 2.6 of the Disclosure
       Schedule are true and correct copies of the unaudited balance sheets and
       income statements for the period ended September 30, 2000. Each of the
       unaudited financial statements has been reviewed by the Company's
       independent accountants. The foregoing financial statements are
       collectively referred to herein as the "Financial Statements" and the
       balance sheets alone as of September 30, 2000, are referred to
       collectively as the "Balance Sheet."

(b)    The Financial Statements have been prepared from the books and records of
       the Company as, at and for the periods indicated and have been prepared
       in accordance with generally accepted accounting principles consistently
       followed throughout the periods indicated, and present fairly the
       financial position of the Company, and the results of its operations, as,
       at and for the periods indicated. The Company has in its possession, and
       will deliver to ALG upon request, all supporting documentation and work
       papers relating to the Financial Statements to permit ALG to restate its
       Financial Statements if required by rules and regulations of the SEC in
       connection with filings of Whitehall.

2.6    Absence of Undisclosed Liabilities. Except to the extent shown on the
       Balance Sheet or in Section 2.6 of the Disclosure Schedule:

(a)    as of the date hereof, the Company did not have any liabilities or
       obligations of any nature, whether accrued, absolute, contingent or
       otherwise, and

(b)    at the Closing Date, the Company will not have any liabilities or
       obligations of any nature, whether accrued, absolute, contingent or
       otherwise, and the Company does not now, and will not at the Closing
       Date, know or have any reason to know of any basis for the assertion of
       any such other obligation or liability against the Company, except as
       incurred in the normal course of business.

2.     7 Absence of Certain Changes or Events. Except as set forth in Section
       2.7 of the Disclosure Schedule, since April 1 , 2000, there has not been,
       and through the Closing Date there will not be:

(a)    any adverse change in the business, properties, assets, financial
       condition or results of operation which would be material to the Company;

(b)    any damage, destruction or loss, whether covered by insurance or not,
       materially and adversely affecting the properties or business of the
       Company;

(c)    any distribution to the Shareholders or adoption of a plan of
       distribution of MGL's or MFSI's assets, whether from capital or accrued
       income, except for compensation regularly paid for Shareholders services
       as employees prior to this Agreement;

                                       5

<PAGE>

(d)    any increase in the compensation payable or to become payable by the
       Company to its managers or key employees, or any material increase in any
       bonus, insurance, pension or other employee benefit plan, payment or
       arrangement made to, for or with any such managers or key employees;

(e)    any labor or employee dispute involving the Company, other than routine
       matters, none of which is material;

(f)    any borrowing or lending of money or guarantee of any obligation by the
       Company;

(g)    any adoption, amendment or termination of any employee benefit plan or
       arrangement of the Company;

(h)    any disposition of any material properties or assets used in the business
       of the Company other than sales of inventory in the ordinary course of
       its business;

(i)    any engagement by the Company in activities outside the ordinary course
       of its business;

(j)    the incurring of any liability of the Company (whether absolute or
       contingent) except liabilities which were incurred in the ordinary course
       of business; or

(k)    any agreement (whether oral or written) to do any of the foregoing.

2.8    Title to and Condition of Non-Real Estate Assets. All non-real estate
       assets, including those on lease, are set forth in Section 2.8 of the
       Disclosure Schedule. Except for such assets as have been disposed of in
       the ordinary conduct of the Company's business between April l , 2000,
       and the Closing Date, the Company has good and marketable title to, or
       valid leasehold interests in, all non-real estate assets reflected on the
       Balance Sheet or acquired by it after April 1, 2000, or otherwise used in
       the operation of the Company's business, free and clear of all liens,
       claims, mortgages, charges, easements or other encumbrances of any kind
       whatsoever except:

(a)    to the extent reflected or reserved against on the Balance Sheet, or

(b)    for liens for taxes not yet due.

       All the fixed assets reflected on the Balance Sheet, and those assets
       acquired since the date thereof, and not disposed of as permitted
       hereunder, constitute all the fixed assets now used by the Company and
       necessary to conduct its business as it is being conducted on the date
       hereof and all leases of such fixed assets will, at the Closing, be in
       full force and effect. All such fixed assets, including all mechanical
       and component parts thereof, are in good working condition, in a state of
       reasonable maintenance and repair, ordinary wear and tear excepted, and
       are free from any known defects.

2.9    Real Property. Attached to Section 2.9 of the Disclosure Schedule are
       copies of all real estate lease agreements to which the Company is a
       party and copies of any deeds to real property owned by the Company. The
       Company has good and marketable title to all property owned by the
       Company and such property is free and clear of all liens, claims,
       mortgages, charges, easements or any kind, except to the extent reflected
       or reserved in the Financial Statements and disclosed in Section 2.9 of
       the Disclosure Schedule.

                                       6

<PAGE>

2.10   Equipment. The Company shall deliver to ALG, prior to Closing, a computer
       generated Fixed Asset Register which will list all items of furniture,
       machinery, equipment and similar property (including vehicles) owned by
       the Company on the Closing Date.

2.11   Trademarks and Similar Rights. Section 2.11 of the Disclosure Schedule
       sets forth all registered trademarks and service marks with dates and
       places of registration, and all other copyrights, trademarks, service
       marks, trade, assumed and divisional names, licenses and rights in any
       thereof owned in whole or in part or used by the Company in the conduct
       of its business, whether or not registered. Except as indicated in
       Section 2.12 of the Disclosure Schedule, neither the validity of, nor the
       Company's rights under, any of the items listed therein, is being
       questioned or contested by others.

2.12   Insurance. Schedule 2.12 sets forth a list and brief description of all
       policies or binders of insurance, including (but not limited to) key-man
       insurance, workmen's compensation and employer liability, automobile
       insurance, product liability and title insurance (the "Policies"). The
       Policies on Schedule 2.13 are valid and enforceable in accordance with
       their terms and are in full force and effect.

2.13   Contracts and Agreements. Section 2.13 of the Disclosure Schedule sets
       forth a description of:

(a)    all contracts and agreements (whether written or oral) and all amendments
       thereto or modifications thereof to which the Company is a party or by
       which it is bound which involve future payments by or to the Company of
       $25,000 or more other than,

       (i)    contracts which are covered by Section 2.26 of the Disclosure
              Schedule or;

       (ii)   contracts which are terminable by the Company upon thirty (30)
              days or less notice without cost or expense to the Company, and;

(b)    all notes, mortgages, pledges, deeds of trust, security, loan or credit
       agreements and similar instruments or arrangements to which the Company
       is a party or by which it is bound and all amendments or modifications
       thereof (collectively (a) and (b) referred to as the "Contracts"),
       together in each case with copies of all such agreements, contracts and
       other instruments as ALG may reasonably request. Except as set forth in
       Section 2.14 of the Disclosure Schedule:

       (i)    each contract is a valid and binding agreement of the Company and,
              to the best o(the Shareholders and Company's knowledge, is a valid
              and binding agreement of the other parties thereto;

       (ii)   the Company has fulfilled all obligations required pursuant to
              each Contract to have been performed by the Company on its part
              prior to the date hereof, and the Company has no reason to believe
              that it will not be able to fulfill, when due, all of the
              Company's obligations under the Contracts which remain to be
              performed after the date hereof;

       (iii)  there has not occurred any default under any Contract on the part
              of the Company; the Company does not have any knowledge that any
              default under any Contract on the part of the other parties
              thereto has occurred; and the Company does not have any knowledge
              that any event has occurred which with the giving of notice or the
              lapse of time, or both, would constitute any default under any of
              the Contracts.

                                       7

<PAGE>

2.14   Bank Accounts. Section 2.14 of the Disclosure Schedule sets forth the
       name and address of each bank in which the Company has an account or
       safety deposit box, the designation of such account and the names of all
       persons authorized to draw thereon or enter therein, as may be the case.

2.15   Litigation. Section 2.15 of the Disclosure Schedule sets forth any and
       all actions, suits, claims, proceedings, investigations or inspections
       pending or threatened against or affecting the Company or any of its
       properties or rights in any court or before any governmental authority,
       whether or not reflected in the Balance Sheet.

2.16   Employee Benefit Plans. Section 2.16 of the Disclosure Schedule sets
       forth a description of all bonus, incentive compensation, profit sharing,
       retirement, pension, group insurance, death benefit or other fringe
       benefit plans, trust agreements or arrangements of the Company, and
       copies of all documents relating to each of said benefit plans have been
       separately delivered to ALG. Such plans and arrangements which are
       subject to the Employee Retirement Income Security Act of 1974
       ("ERISA")are referred to hereafter as the "Benefit Plans." The Company
       has made available to ALG for inspection all annual reports filed on
       Internal Revenue Service ("IRS") Form 5500 with respect to any Benefit
       Plans and other reports filed with the Pension Benefit Guaranty
       Corporation since the inception of such Benefit Plan to the extent
       applicable.

       With respect to the Benefit Plans:

(a)    The Internal Revenue Service has issued, and the Company has made
       available to ALG for inspection, favorable determination letters with
       respect to the qualification of all Benefit Plans and all amendments
       thereto, as currently in effect and as required to be amended to comply
       with the Tax Reform Act of 1986 and all subsequent legislation and, which
       are intended to be qualified retirement plans under the Internal Revenue
       Code of 1986 (the "Code");

(b)    None of the Benefit Plans or any assets thereof has engaged in, or been a
       party to any " prohibited transaction" as defined in ERISA or the Code;

(c)    There is no liability arising from the termination or partial termination
       of any Benefit Plan, except for liabilities as to which adequate reserves
       are reflected in the Balance Sheet, and there exists no condition
       presenting a material risk of such liability,

(d)    All Benefit Plans have been operated in compliance with ERISA, the Code
       and other applicable law, and all reports have been filed with respect to
       the Benefit Plans in accordance with ERISA and the Code.

(e)    None of the Benefit Plans is a "multi employer" pension plan which is
       subject to the Multi Employer Pension Plan Amendment Act of 1980.

(f)    The Company has no obligation for the payment of any unfunded or
       withdrawal liability under any Benefit Plan or other plan listed in
       Section 2.16 of the Disclosure Schedule.

2.17   Employee Compensation. Section 2.17 of the Disclosure Schedule sets forth
       the names, positions, dates of hire and current compensation, including
       bonuses and customary commissions, of all present Shareholders

                                       8

<PAGE>

       and management employees of the Company whose annual compensation was
       $30,000 or more in calendar year 1999 or is expected to exceed $30,000 in
       calendar year 2000.

2.18   Collective Bargaining, Employment and Non-Competition Agreements. The
       Company is not a party to any collective bargaining or similar labor
       agreement. Section 2.18 of the Disclosure Schedule sets forth:

(a)    all consulting agreements to which the Company is a party, and;

(b)    all employment, non-competition, non-disclosure and compensation
       agreements (whether written or oral) with Shareholders or other employees
       of the Company, together with a copy, or in the case of any oral
       agreement, a summary, of each such agreement. If a form employment,
       non-competition or non-disclosure agreement is used, a copy of such form
       need only be included with a list of all such employees which have signed
       such form.

2.19   Purchase Orders. All written or oral purchase orders or purchase
       commitments with an aggregate remaining commitment of $20,000 or more are
       listed in Section 2.19 of the Disclosure Schedule.

2.20   Accounts Receivable. A complete list of all accounts, notes and other
       receivables of Company as of September 30,2000, and the aging thereof has
       been separately delivered to ALG. All such accounts receivable arose in
       the ordinary course of business and no entitlements to or claims of
       offset or reduction have been made or exist and, subject to any allowance
       for doubtful accounts set forth on the Balance Sheet, all such accounts
       are fully collectible without offset or compromise within 90 days of
       Closing, except as otherwise disclosed in Section 2.20 of the Disclosure
       Schedule.

2.21   Licenses and Permits. Section 2.21 of the Disclosure Schedule sets forth
       a list of, and the Company is in possession of, all licenses, permits and
       authorizations required for the conduct of the Company's business (the
       "Permits" ) and the Permits are valid and in full force and effect.
       Except as set forth in Section 2.21 of the Disclosure Schedule, to the
       best of its knowledge, the Company is in compliance with all conditions
       or requirements imposed by or in connection with the Permits and with
       respect to the conduct of its business and the Company has received no
       notice and the Company has no knowledge or reason to believe that any
       authority intends to cancel, terminate or modify any of the Permits or
       adopt or modify rules and regulations which would adversely affect the
       Permits. The Company is an FHA approved mortgage or loan correspondent
       and a VA approved lender.

2.22   Employee Matters. Except as set forth in Section 2.22 of the Disclosure
       Schedule:

(a)    The Company is in compliance with all federal and state laws respecting
       employment and employment practices, terms and conditions of employment,
       and wages and hours, and is not engaged in any unfair labor practices and
       neither the Company nor the Shareholders have knowledge or any reason to
       believe that any violations of any of said laws have occurred.

(b)    All obligations of the Company, whether arising by operation of law, by
       contract or by past custom, for payments by the Company directly to its
       employees or to trusts or other funds or to any governmental agency, for
       employment compensation benefits, workers compensation benefits,
       accident, sickness and disability benefits, pension, profit sharing and
       any other retirement benefits, social security benefits, vacation and
       holiday pay, bonuses and other forms of compensation, or any other
       benefits, have been paid or adequate accruals therefore have been made on
       the Balance Sheet, to the best of the Company's knowledge, or, with
       respect to accruals required from

                                       9

<PAGE>

       September 30, 2000, through the Closing, have been made in accordance
       with Company's normal accounting procedures and in compliance with
       generally accepted accounting principles, consistently applied.

2.23   Taxes and Tax Returns. The Company will, between the date hereof and the
       Closing Date, and through the date of this Agreement has, duly and timely
       filed all federal, state and local (United States and all foreign
       jurisdictions) tax returns required to be filed by it (unless a valid
       extension therefore has been granted), and all such returns are, or will
       be when filed, true, complete and correct in all material respects. The
       Company has, or will have prior to the Closing Date, duly and timely paid
       or made adequate provision in the Balance Sheet and for the payment of
       all taxes, assessments and other governmental charges which have been
       incurred as set forth in the aforementioned tax returns or are otherwise
       due and payable with respect to periods ending on or prior to the Closing
       Date. All sales or other excise taxes required through the date of this
       Agreement to be collected and remitted by the Company have been properly
       collected and remitted. No tax return filed by the Company is under audit
       or examination by any taxing authority and there are no applications or
       agreements for the extension of the time for the filing of any tax return
       or for the assessment of any amounts of tax nor any consent to an
       extension of the period of limitations applicable to such assessment or
       to the collection of any tax. No issue or issues have been raised in
       connection with any prior or pending inquiry into, or audit of, any tax
       filings of the Company and the Company has no reason to know of any
       issues which may be expected to be raised in the future by such taxing
       authorities and no facts exist or have existed which would constitute
       grounds for the assessment of any further tax liabilities, which
       individually or in the aggregate are material with respect to the periods
       which have not been examined by the IRS or any other state or local
       taxing authority. The Company has made available to ALG true and complete
       copies of all federal, state and local (United States and foreign) income
       tax returns for each of the past three (3) years as set forth in Section
       2.23 of the Disclosure Schedule which it has filed together with copies
       of all schedules, work papers, elections, tax depreciation schedules and
       other documents which were used in the preparation of each such tax
       return. There are no liens for taxes upon the assets of the Company,
       except for liens for taxes not yet due. As used herein, " taxes" mean:

(a)    all net income, gross income, gross receipts, sales, use, transfer,
       franchise, profits, withholding, payroll, employment, excise, severance,
       property or windfall profits taxes, or other taxes of any kind
       whatsoever, together with any interest and any penalties, additions to
       tax or additional amounts imposed by any taxing authority (domestic or
       foreign) upon the Company with respect to all periods or portions thereof
       ending on or before the Closing Date or any extension thereof;

(b)    any liability of the Company for the payment of any amounts of the type
       described in the immediately preceding clause (a) as a result of being a
       member of an affiliated or combined group.

2.24   Transactions With Affiliates. Except as set forth in Section 2.24 of the
       Disclosure Schedule and except for compensation or other customary
       employee benefits provided in the ordinary course of business, since
       September 30, 2000, the Company has not entered into or been a party to
       any transaction which provided for payment to or from, or the transfer
       of, any Company property to or from Shareholders or employees of the
       Company, to any member of the family of any such person or to any
       corporation, partnership, trust or other entity in which any such person
       has an ownership interest or is an officer, director, partner or trustee.

2.25   Compliance with Applicable Law Except as set forth in Section 2.25 of the
       Disclosure Schedule, the Company is conducting and has conducted its
       business so as to comply with all applicable laws, ordinances,
       regulations, decrees and orders, of any governmental entity, including
       without limitation those specifically referred in Sections 2.21 and 2.22
       hereof and all city, county, state and Federal statutes, regulations,
       laws and ordinances

                                       10

<PAGE>

       applicable to air or water pollution, environmental protection, soil
       contamination, hazardous substances (as defined in any of the following
       statutes which shall be deemed to include, without limitation, asbestos
       and PCB's), hazardous waste generation, transportation, storage and
       disposal or other environmental matters including the Resource,
       Conservation and Recovery Act of 1976, the Comprehensive Environmental
       Response, Compensation and Liability Act of 1980, the Clean Air Act, the
       Toxic Substances Control Act, the Federal Water Pollution Control Act,
       the Federal Hazardous Substances Act, the Solid Waste Disposal Act and
       other similar and related Federal and state laws and regulations
       regulating the protection of the environment, all as amended and
       effective through the Closing Date, compliance with the National Labor
       Relations Act as amended, the Welfare and Pension Plans Disclosure Act,
       the Fair Labor Standards Act and Equal Pay Act, Title VII of the Civil
       Rights Act of 1964, the Age Discrimination in Employment Act of 1967, the
       Occupational Safety and Health Act of 1970, the Americans With
       Disabilities Act of 1990, and the Employees Retirement Income Security
       Act of 1974, and any other law, ordinance, regulation, decree or order,
       the failure to comply with which might have a material adverse effect on
       the financial condition, business, properties, reputation, results of
       operations or prospects of the Company and ALG. None of the Company's
       operations or assets have contaminated the lands or waters of others with
       hazardous waste or hazardous substances.

2.26   Relationships with Principal Customers. No customer or client of the
       Company which accounts for in excess of 10% of its revenues or group of
       customers which account in the aggregate for in excess of 20% of the
       revenue of the Company, has expressed any intention to terminate, curtail
       or otherwise limit their relationship with the Company or the level of
       business placed with the Company. .

2.27   No Modifications. The Company has not modified any mortgage note or
       mortgage loan in any respect, nor has it satisfied, canceled, or
       subordinated the related mortgage note in whole or in part, nor released
       the mortgaged property in whole or in part from the lien on the related
       mortgage, nor has it executed any instrument of release, cancellation,
       modification or satisfaction.

2.28   Employee or Supplier Problems. The Company and Shareholders know of no
       conflict or problem with any manager or other key employee of the Company
       that would likely result in the termination or resignation of employment
       of any such person.

2.29   Court and Governmental Orders. The Company is not a party to, nor are the
       assets of the Company subject to or bound by or affected by, any
       provision of any order of any court or other agency of government or any
       indenture, agreement or other instrument or commitment which adversely
       affects the operations of the Company.

2.30   General Disclosure Matters. No representation or warranty by the Company
       or Shareholders contained in this Agreement, the Disclosure Schedule
       attached hereto or in any statement or certification furnished or to be
       furnished to ALG or Whitehall pursuant hereto or in connection with the
       transactions contemplated hereby, contains or will contain any untrue
       statement of a material fact or omits or will omit to state a material
       fact necessary to make the statements contained herein or therein not
       misleading.

                      3. REPRESENTATIONS AND WARRANTIES OF
                                ALG AND WHITEHALL

       ALG and Whitehall, jointly and severally covenant, represent and warrant,
       which representations and warranties shall be true and accurate as of the
       Closing bate as if such representations and warranties had been made at
       the Closing Date, with and to the Company and to the Shareholders, their
       heirs, successors or assigns, as follows:

                                       11

<PAGE>

3.1    Organization. ALG is a corporation duly organized, validly existing and
       in good standing under the laws of the state of Illinois and duly
       authorized under its Articles of Incorporation and under applicable laws
       to engage in the business conducted by it. Whitehall is a corporation
       duly organized, validly existing and in good standing under the laws of
       Delaware and is duly authorized under its Articles of Incorporation and
       under applicable law to engage in the business conducted by it.

3.2    Capitalization. The authorized capital stock of Whitehall consists of:

(a)    200,000,000 shares of Whitehall Common Stock, 132,900,000 of which were
       issued and outstanding on June 30, 2000, and;

(b)    all issued and outstanding shares ofWhitehal1 Common Stock have been duly
       and validly issued and are fully paid and non-assessable and free of any
       claim of pre-emptive rights. Except as disclosed or to be disclosed in
       fi1ings with the SEC or as otherwise disclosed to the Shareholders there
       are no outstanding rights to purchase or receive, or options, warrants,
       puts, calls, contracts, commitments or demands of any character relating
       to Whitehall' s authorized or issued capital stock or which could require
       the issuance of capital stock by Whitehall.

3.3    Authorization. The respective Boards of Directors of ALG and Whitehall
       each have approved, or will approve prior to Closing, the execution and
       delivery of this Agreement and the performance by each of its respective
       obligations and undertakings hereunder and thereunder and the officers
       executing this Agreement on behalf of ALG and Whitehall have the
       authority to do so and upon execution by such officers this agreement
       shall be the valid and binding obligation of ALG and Whitehall.

3.4    No Violation, Consents and Approvals. Neither the execution nor delivery
       of this Agreement by ALG or Whitehall nor the consummation of the
       transactions contemplated hereby and thereby will conflict with, result
       in a breach of, permit any party to terminate or accelerate the
       provisions of, or result in the imposition of any lien, encumbrance or
       restriction upon the property or assets of Whitehall or any of its
       subsidiaries under:

(a)    he provisions of their respective charters or by-laws;

(b     he provisions of any obligation, indenture, agreement, permit or other
       instrument to which Whitehall or any of its subsidiaries is a party or
       which Whitehall or any of its subsidiaries holds, or

(c)    any statute or law or any order, decree, judgment, rule or regulation of
       any court or governmental agency or authority having jurisdiction over
       Whitehall or any of its subsidiaries, except in the case of clause ( c )
       where such violations individually or in the aggregate with all such
       other violations would not have a material adverse effect on the
       financial condition, business, properties, results of operations or
       prospects of Whitehall and its subsidiaries considered as a whole. No
       permit, consent, approval or authorization of, or declaration, filing or
       registration with, any governmental or regulatory authority or other
       person (either governmental or private) is necessary in connection with
       the execution and delivery by ALG and Whitehall of this Agreement or the
       consummation by them of the transactions contemplated hereby.

3.5    SEC Filings and Financial Statements.

                                       12

<PAGE>

(a)    Whitehall has furnished or, upon filing with the SEC, will furnish to the
       Shareholders true and complete copies of its Annual Report on Form 10-K
       for the fiscal years ended 1998 and 1999, as filed with the SEC pursuant
       to the Securities Exchange Act of 1934, as amended (the " Act" );

(b)    The Whitehall SEC filings did not, or will not, as of their respective
       dates of filing, contain any untrue statement of a material fact or omit
       to state a material fact required to be stated therein or necessary to
       make the statements contained therein, in light of the circumstances
       under which they were made, not misleading.

(c)    Whitehall's Annual Report on Form l0-K for the fiscal years ended 1998
       and 1999, contains true and complete copies of Whitehall's audited
       consolidated Balance Sheets as of 1998 and 1999, audited consolidated
       statements of income, statements of common stockholder equity and
       statements of cash flows for each of the years ended 1998 and 1999,
       respectively, and notes to the consolidated financial statements
       (collectively, with the audited consolidated Balance Sheet and audited
       consolidated statements of income, statement of common stockholders'
       equity and statements of cash flows for the years ended 1998 and 1999,
       respectively, which have been separately delivered to the Shareholders,
       the " Whitehall Financial Statements" ). The Whitehall Financial
       Statements have been prepared from the books and records of Whitehall and
       present fairly the consolidated financial position of Whitehall and its
       subsidiaries as at 1998 and 1999, all in conformity with United States
       generally accepted accounting principles applied on a consistent basis
       for such periods.

3.6    Whitehall Stock. The Whitehall Common Stock to be issued in exchange for
       100% of the Company's shares will, when issued and delivered, be duly
       authorized, validly issued, fully paid, non-assessable shares of
       Whitehall Common Stock free of all claims of preemptive rights.

3.7    Litigation. Except to the extent disclosed in Whitehall's SEC filings:

(a)    there are no actions, suits, claims, proceedings, investigations or
       inspections, pending or threatened, against or affecting Whitehall or its
       subsidiaries which could have a material adverse affect on Whitehall and
       its subsidiaries considered as a whole and to Whitehall's best knowledge
       formed after reasonable inquiry there are no matters of litigation or
       governmental proceedings expected to be brought against it or its
       subsidiaries which could have a material adverse affect on the financial
       condition of Whitehall and its subsidiaries considered as a whole.

(b)    there are no actions, suits, claims, proceedings, investigations or
       inspections, pending or threatened, against or affecting ALG or its
       subsidiaries which could have a material adverse affect on ALG and its
       subsidiaries considered as a whole and to ALG's best knowledge formed
       after reasonable inquiry there are no matters of litigation or
       governmental proceedings expected to be brought against it or its
       subsidiaries which could have a material adverse affect on the financial
       condition of ALG and its subsidiaries considered as a whole.

3.8    General Disclosure Matters. No representation or warranty by ALG and
       Whitehall contained in this Agreement or in any statement or
       certification furnished or to be furnished to Company or Shareholders
       pursuant hereto or in connection with the transactions contemplated
       hereby, contains or will contain any untrue statement of a material fact
       or omits or will omit to state a material fact necessary to make the
       statements contained herein or therein not misleading.

                                       13

<PAGE>

                4. COVENANTS OF THE SHAREHOLDERS AND THE COMPANY

4.1    Announcements and Communications. Neither the Company nor the
       Shareholders shall, without the prior approval of Whitehall, make any
       public announcement or furnish any information to the public concerning
       the transactions contemplated by this Agreement. The Company and
       Shareholders shall promptly advise Whitehall of all communications which
       they receive pertaining to the transactions contemplated by this
       Agreement, including, without limitation, communications from
       governmental agencies and authorities.

4.2    Fees for Professional Services. The Company shall pay all fees for
       professional services rendered to the Company and the Shareholders in
       connection with the transactions contemplated by this Agreement,
       including all attorney and accountant fees as operating expenses of the
       Company. Any unpaid or unbilled professional services to be paid by the
       Company shall be reflected as liabilities or reserves on the post 1999
       Financial Statements.

4.3    Competing Transactions. Until the Closing Date the Shareholders

(a)    shall not seek to merge the Company into any entity other than ALG or an
       affiliate of ALG;

(b)    shall not negotiate or entertain any offer with respect to the sale of
       all or part of the shares in the Company or substantially all of the
       Company's assets, and;

(c)    shall not, and shall not authorize or pern1it any Shareholder employee,
       investment banker, attorney, accountant or other representative to,
       solicit or encourage the making of any proposals reasonably expected to
       lead to the acquisition of all or part of the capital stock of the
       Company or substantially all of the Company's assets. The Company and
       Shareholders shall promptly notify ALG and Whitehall in writing of any
       such proposal.

4.4    Conduct of Business Pending the Closing. The Shareholders and Company
       covenant and agree that, prior to the closing, unless ALG or Whitehall
       shall otherwise agree in writing or as otherwise expressly permitted or
       contemplated by this Agreement that:

(a)    the business of the Company shall be conducted only in the ordinary
       course and consistent with past practice and the Company shall not:

       (i)    make any material change in its operations, or

       (ii)   purchase or sell any significant properties or assets outside of
              the ordinary course of business or which would result in the
              Company owning in the aggregate an amount of properties and assets
              less than the aggregate amount of properties and assets owned by
              the Company on the date hereof;

(b)    the Company shall not make or commit the Company to make any payment in
       cash or property in respect of any of its Shareholders ' interests,
       except for payments due to Shareholders for their personal loan
       production and for normal distribution of net profits in accordance with
       past practices of the Company;

(c)    the Company shall not amend its respective Articles of Incorporation
       and/or By-Laws, except for amendments to its By-Laws necessary to
       authorize this transaction, create or sell any additional portions of
       Shareholders' interests, incur any indebtedness, repurchase, retire or
       cancel any of its present Shareholders' interests, cancel or decrease any
       existing insurance coverage or modify any existing contract agreement,
       commitment or arrangement with respect to any of the foregoing;

                                       14

<PAGE>

(d)    the Company shall use its best efforts to preserve intact its business
       organization, to keep available the services of its current managers and
       key employees, and to preserve the goodwill of those having business
       relationships with it;

(e)    the Company shall not make any capital expenditures or commitments for
       capital expenditures which individually exceed $5,000 or which in the
       aggregate exceed $25,000;

(f)    the Company shall not make any additional commitments or contracts with
       lenders or investors unless such commitments or contracts are with the
       same quality of lender or investor on substantially the same terms and
       for the same pricing considerations as are in existence with the
       Company's current lender or investor, and a list of all such new lender
       or investor contracts will be delivered to ALG prior to Closing;

(g)    other than in the ordinary course of business and consistent with past
       practice, the Company shall not waive any rights of substantial value or
       make any payment, direct or indirect, of any material liability of the
       Company before the same comes due in accordance with its terms,

(h)    the Company shall not borrow any money or lease, mortgage, encumber or
       otherwise grant any interest in any of its assets or properties, except
       for liens for current taxes not yet due and liens or encumbrances that
       are not substantial in amount and do not materially detract from the
       value or impair the use of the property subject thereto;

(i)    the Company shall, at all times up to .and including the Closing Date or
       any extension thereof, maintain its existing insurance coverage of all
       types in effect or procure substantially similar substitute insurance
       policies with financially sound and reputable insurance companies in at
       least such amounts and against such risks as are currently covered by
       such policies; and

(j)    the Company shall not agree, in writing or otherwise, to take any of the
       actions prohibited by the foregoing clauses (a) through (i).

4.5    Notice of Certain Actions. The Company shall promptly notify ALG, of any
       actions, suits, claims, investigations, or proceedings commenced or, to
       the best of its knowledge, threatened against, relating to or involving
       or otherwise affecting the Company which, if pending on the date hereof,
       would have been required to have been disclosed in writing pursuant to
       this Agreement.

                        5. COVENANTS OF ALG AND WHITEHALL

5.1    Announcements and Communications. Neither ALG nor Whitehall shall,
       without the prior approval of the other parties, which approval shall not
       be unreasonably withheld or delayed, make any public announcement or
       furnish any information to the public concerning the transactions
       contemplated by this Agreement prior to Closing unless such announcement
       or furnishing of information is necessitated by SEC rules and
       regulations, Federal securities laws or other applicable laws, as
       reasonably determined by counsel for Whitehall. Whitehall shall promptly
       advise the Company and Shareholders of all communications which it
       receives pertaining to the transactions contemplated by this Agreement,
       including, without limitation, communications from governmental agencies
       and authorities.

                                       15

<PAGE>

5.2    Corporate Transactions. Until the Closing Date, neither ALG nor Whitehall
       shall, and neither shall authorize or permit any manager, employee,
       investment banker, attorney, accountant or other representative to,
       solicit or encourage the making of any proposals reasonably expected to
       lead to the acquisition of all or substantially all of the capital stock
       of Whitehall or substantially all of Whitehall's assets. Whitehall shall
       promptly notify the Shareholders in writing of any such proposal.

                            6. WHITEHALL COMMON STOCK

6.1    Whitehall Common Stock to be Issued. The Whitehall Common Stock to be
       issued at closing to the Shareholders and additional Whitehall stock
       issued pursuant to this Agreement, including Exhibit A, will not be
       registered under the Securities Act of 1933 (the " Act" ) at the time of
       issuance and will be issued pursuant to an exemption from registration.
       As a result, such shares must be held indefinitely unless subsequently
       registered under the Act or unless an exemption from such registration is
       available. Neither ALG nor Whitehall assumes obligation to register the
       shares of Common Stock except as provided below. In certain
       circumstances, sales of the Common Stock may be made in reliance upon SEC
       Rules 144 and 145 pursuant to the terms and conditions of those rules.
       Whitehall will supply the holders of such Common Stock with such
       information as is necessary to enable them to make sales of the Common
       Stock under SEC Rules 144 and 145.

6.2    Restrictive Legend. The certificates for shares issued pursuant to this
       Agreement will each bear a legend substantially as follows:

       The securities represented by this Certificate have not been registered
       under the Securities Act of 1933 or the laws of any state and may not be
       transferred in the absence of (a) an effective registration statement for
       the securities under the Securities Act of 1933 and applicable state laws
       or (b ) an opinion of counsel to Whitehall that such registration is not
       required.

6.3    Information. The Company and Shareholders acknowledge receipt of the
       documents filed by Whitehall with the SEC and enumerated in Section 3.5
       herein. The Shareholders acknowledge the willingness of Whitehall to
       provide appropriate officers to answer any questions that the
       Shareholders have had with respect to the contents of the above listed
       documents.

                       7. ALG AND WHITEHALL DUE DILIGENCE

7.1    Due Diligence.
       --------------

(a)    ALG and Whitehall Due Diligence. During the period prior to the Closing
       Date, the Company and the Shareholders will give to ALG and Whitehall and
       their counsel, accountants, actuaries and other expert persons and other
       representatives, full access, during normal business hours, to the
       Company's and Shareholders (to the extent such items are used by the
       Company in its business) assets, properties, books, contracts,
       commitments and other records (including computer files, retrieval
       programs and other documentation relating to the Company's business) and
       will furnish ALG and Whitehall or such representatives, with all such
       information and data concerning the affairs of the Company as ALG or
       Whitehall or such representatives reasonably may request for the purposes
       of verifying the representations and warranties made herein and further
       investigating the business and affairs of the Company prior to the
       Closing, and in furtherance thereof, the Company will permit ALG and
       Whitehall, together with their representatives, in a manner approved by
       the Company, to make contact with members of management, and with such
       other persons, firms or corporations with which the Company has been
       conducting business. The performance of the due diligence of ALG and
       Whitehall or the acquisition of information

                                       16

<PAGE>

       by ALG and Whitehall shall not relieve the Company or the Shareholders
       from any representation, warranty or covenant made by the Company or the
       Shareholders in this Agreement.

(b)    Shareholder's and the Company's Financial Due Diligence. During the
       period prior to the Closing Date, ALG and Whitehall will give to the
       Shareholders and the Company and their counsel, accountants, actuaries,
       and other expert persons and other representatives full access, during
       normal business hours, to ALG's and Whitehall's assets, properties, book,
       contracts, commitments, and other records, including computer files,
       retrievable programs and other documentation relating to ALG's and
       Whitehall's business and will furnish the Company and the Shareholders or
       such representatives, with all such information and data concerning the
       affairs of ALG and Whitehall as the Company and the Shareholders or such
       representatives reasonably may request for the purposes of verifying the
       representations and warranties made herein and further investigating the
       business and affairs of ALG and Whitehall prior to the Closing, and in
       furtherance thereof, ALG and Whitehall will permit the Company and the
       Shareholders, together with ALG's and Whitehall's representatives, in a
       manner approved by the ALG and Whitehall, to make contact with members of
       management, and with such other persons, firms or corporations with which
       ALG and Whitehall have been conducting business. The performance of the
       due diligence of the Company and the Shareholders or the acquisition of
       information by the Company or the Shareholders shall not relieve ALG or
       Whitehall from any representation, warranty or covenant made by the
       Shareholders in this Agreement.

7      .3 Supplemental Disclosure. The parties shall each have the .continuing
       obligation to promptly supplement or amend the Disclosure Schedules with
       respect to any matter hereafter arising or discovered which, if existing
       or known at the date hereof, would have been req4ired to be set forth or
       described in the Disclosure Schedules; provided, however, that for the
       purpose of the rights and obligations of the parties hereunder, any such
       supplemental or amended disclosure shall not be deemed to have been
       disclosed as of the date hereof unless so agreed to in writing by the
       parties.

                             8. CONDITIONS PRECEDENT

8.1    Conditions Precedent to ALG's and Whitehall's Obligations. The
       performance of the obligations of ALG and Whitehall under this Agreement
       are subject, at the election of Whitehall to the fulfillment or written
       waiver of each of the following conditions on or before the Closing:

(a)    All proceedings taken in connection with the transactions contemplated by
       this Agreement and all instruments and documents required in connection
       therewith or incident thereto shall be reasonably satisfactory in form
       and substance to Whitehall.

(b)    The representations and warranties of the Company and Shareholders
       contained in this Agreement, the Disclosure Schedule or in any
       certificate or document delivered to ALG or Whitehall pursuant hereto
       shall be true and correct on the date hereof and shall be deemed to have
       been made again on the Closing Date and speak as of the Closing and shall
       then also be true and correct, subject to any changes and exceptions
       thereto which are contemplated in this Agreement or consented to in
       writing by ALG or Whitehall.

(c)    There shall have been obtained the written consents, in form and
       substance reasonably satisfactory to ALG, of each party whose consent to
       the transactions contemplated hereby is required.

                                       17

<PAGE>

(d)    No bona fide litigation or proceeding shall be pending or threatened to
       restrain, set aside or invalidate the transactions contemplated by this
       Agreement.

(e)    The Company shall have delivered to ALG and Whitehall full financial
       statements for the fiscal year ended December 31, 1999, and the current
       year prior to the Closing Date with full supporting documentation in form
       satisfactory to ALG and Whitehall.

(f)    The Company shall have delivered to ALG and Whitehall the documents
       required to be delivered hereunder, including those to be delivered at
       the Closing pursuant to Section 9.1 hereof.

8.2    Conditions Precedent to the Shareholders Obligations. The perforn1ance of
       the Shareholders and the Company under this Agreement is subject, at the
       election of the Shareholders, to the fulfillment or written waiver of
       each of the following conditions on or before the Closing:

(a)    All proceedings taken in connection with the transactions contemplated by
       this Agreement and all instruments and documents required in connection
       therewith or incident thereto shall be reasonably satisfactory in form
       and substance to the Shareholders.

(b     ) The representations of ALG and Whitehall contained in this Agreement or
       in any certificate or document delivered to Shareholders pursuant hereto
       shall be true and correct on the date hereof and shall be deemed to have
       been made again on the Closing Date and shall speak as of the Closing and
       shall then be true and correct subject to any changes and exceptions
       thereto which are contemplated in this Agreement or consented to in
       writing by the Shareholders.

(c)    There shall have been obtained the written consents, in form and
       substance reasonably satisfactory to the Shareholders, of each party
       whose consent to the transactions contemplated hereby is required.

(d)    No bonafide litigation or administrative procedure shall be pending or
       threatened to restrain, set aside or invalidate the transactions
       contemplated by this Agreement.

(e)    ALG and Whitehall shall have delivered to the Shareholders at the Closing
       the documents required to be delivered hereunder, including those to be
       delivered at the Closing pursuant to Section 9.1 hereof.

                     9. DOCUMENTS TO BE DELIVERED AT CLOSING

9.1    Documents to be Delivered by the Company or the Shareholders at the
       Closing. At the Closing, the Company or Shareholders shall deliver to ALG
       and Whitehall:

(a)    The written consents, in form and substance reasonably satisfactory to
       ALG and Whitehall, of each party whose consent to the transactions
       contemplated hereby is required, including consents of the Shareholders
       to the admission of ALG as a substitute for the Shareholders of the
       Company and assignments of the Company shares to ALG .

(b) Custody to all of the Company's books, records, papers and other documents
including minute books.

                                       18

<PAGE>

(c)    Copies of the Articles of Incorporation of the Company and all amendments
       thereto as certified by the State of Indiana and a copy of the By-Laws
       certified by the Shareholders.

(d)    Certificate of Good Standing issued by the State of Indiana for MGL and
       MFSI, dated within ten ( 10) days of the Closing Date.

(e)    The Employment Agreement as provided in Section 1.2 and Exhibit A of this
       Agreement, executed by the respective employees.

(f)    The documents set forth in Section 8.1 to be delivered by the Company and
       the Shareholders and such other certificates and documents as ALG or
       Whitehall may reasonably request.

9.2    Documents to be Delivered by ALG and Whitehall at the Closing. Within
       fifteen days (15) of closing, ALG and Whitehall shall deliver to the
       Company and Shareholders:

(a)    Certified copies of the respective resolutions of the Board of Directors
       of ALG and Whitehall approving this Agreement and authorizing the
       transactions contemplated hereby and, in the case of Whitehall,
       authorizing the issuance of the shares of Whitehall Common Stock to be
       exchanged for the Shareholders interests in the Company.

(b)    Confirmation of the transfer of the Whitehall Shares to Shareholders as
       described in Sections 1.2 and 1.3 herein. Whitehall will submit a letter
       of instruction to the transfer agent. The transfer agent will then make
       arrangements to have the Whitehall Shares certificates to be issued
       directly to Shareholders.

(c)    The Employment Agreement as provided in Section 1.2 and Exhibit A
       executed by ALG .

(d)    The documents set forth in Section 8.2 to be delivered by ALG and
       Whitehall and such other certificates and documents as the Shareholders
       may reasonably request.

                               10. INDEMNIFICATION

10.1   Survival of Rel2resentations and Warranties. All of the terms and
       conditions of this Agreement, together with the warranties,
       representations and covenants contained herein or in any instrument or
       document delivered or to be delivered pursuant to or in connection with
       this Agreement, shall survive the execution of this Agreement and the
       Closing notwithstanding any investigation or due diligence heretofore or
       hereafter made by or on behalf of any party hereto, provided, however,
       that (i) the agreements set forth in Articles 6, 10 and 11 hereof shall
       continue and survive until all obligations set forth therein shall have
       been performed and satisfied, and (ii) all other representations,
       warranties and agreements, including but not limited to, the agreements
       of ALG, Whitehall and Shareholders to indemnify one another set forth in
       Article 10 hereof, shall terminate on the six (6) year anniversary of the
       date of termination of this Agreement except (a) as to matters with
       respect to which a party shall have given written notice of any claim
       within such period and (b ) as to the matters set forth in Sections 2.25
       and 2.27 which shall continue and survive until such time as the
       applicable statute of limitations or tolling period for such acts, laws,
       regulations or agreements shall have expired. Notwithstanding the above
       limitations, indemnification for matters fraudulently misrepresented,
       omitted or otherwise concealed by any party hereto shall extend
       indefinitely or until the applicable statute of limitations period has
       expired.

                                       19

<PAGE>

10.2   Indemnification.

(a)    Subject to the following provisions of this Article 10, commencing on the
       Closing Date, the Shareholders shall defend, indemnify and hold harmless,
       ALG, Whitehall and any of their respective officers, directors, employees
       and affiliates, from any and all claims, damages, losses, liabilities,
       costs or expenses (including, without limitation, amounts paid in
       settlement, reasonable attorneys' fees and costs of investigation),
       whether fixed or contingent, matured or unmatured, liquidated or
       unliquidated, which any of them may incur or suffer as a result of or
       arising out of any breach of the representations, warranties, covenants
       or agreements of the Company or the Shareholders set forth in this
       Agreement and for which a claim has been made during the applicable
       periods hereunder except for those claims, or portion of a claim, which
       are covered by insurance maintained by the Company prior to Closing.

(b)    Subject to the following provisions of this Article 10, commencing on the
       Closing Date, ALG and Whitehall, jointly and severally, shall indemnify
       and hold the Shareholders harmless from any claim, damage, loss or
       expense (including, without limitation, amounts paid in settlement,
       reasonable attorneys' fees and costs of investigation), whether fixed or
       contingent, matured or unmatured, liquidated or unliquidated, which they
       may incur or suffer as a result of or arising out of any breach of the
       representations, warranties, covenants or agreements of ALG and
       Whitehall, set forth in this Agreement for which a claim has been made
       during the applicable periods hereunder except for those claims, or
       portion of a claim, which are covered by insurance maintained by the
       Company prior to Closing.

(c)    Except as specifically set forth in this Agreement, the indemnification
       provisions contained in this Article 10 shall be the exclusive basis for
       the assertion of claims or the imposition of liability by one party
       against another party to this Agreement arising from actions or claims
       resulting from the breach or default of any representation, warranty,
       covenant or agreement contained herein. This Article 10 shall not,
       however, be the exclusive basis for asserting claims arising from any
       subsequently entered into document or agreement.

                             11. CERTAIN AGREEMENTS

11.1   Confidential Information. In the event the transactions contemplated by
       this Agreement are not consummated, each party hereto will hold all
       non-public confidential information which it obtained from the other
       parties hereto in the course of negotiating this Agreement, which it did
       not previously know or which was not previously in the public domain,
       confidential; no party will directly or indirectly use such information
       until the same shall become in the public domain (other than by
       disclosure by a party hereto receiving such information for use pursuant
       hereto ), and each party will return to the applicable party all
       documents, objects and records obtained from such other party pursuant
       hereto which are not in the public domain.

11.2 Destruction of Assets. Notwithstanding any other provision of this
     Agreement, if, on or prior to the Closing Date, any of the assets or other
     material properties of the Company or the Shareholders used in the
     Company's business have suffered loss or damage on account of fire, flood,
     accident, act of war, civil commotion, or any other cause or event beyond
     the reasonable power and control of the Company to an extent which
     materially adversely affects the value of the Company, ALG shall have the
     right, at its election, exercisable not later than ten (10) days after it
     receives notice of such loss or damage, either to consummate the
     transaction contemplated by this Agreement, or, in lieu of every other
     right or remedy whatsoever, to terminate this Agreement or amend this
     Agreement with the consent of the Shareholders. In the event ALG terminates
     this Agreement, all parties shall be released from liability hereunder
     except as set forth in Section 11. 1 herein. In the absence of a contrary
     election,

                                       20

<PAGE>

       it shall be presumed that ALG has elected to complete the transaction
       hereunder. If the transaction hereunder is closed, there shall be no
       adjustment in the Purchase Price payable hereunder as a result of such
       loss or damage unless agreed upon in writing by the parties prior to
       Closing, and ALG shall then be entitled to retain all insurance proceeds
       and correct the damage itself through use of insurance proceeds and other
       funds available to it.

11.3   Termination. Except for those obligations set forth in Section 11. 1
       herein which shall not terminate, either ALG or the Company may, under
       circumstances provided herein, as applicable, on or prior to the Closing
       Date, terminate this Agreement without liability as set forth below
       (provided the terminating party is not responsible for the event which
       permits termination hereunder):

(a)    By ALG or the Shareholders, if a bona fide action or proceeding brought
       by a person not a party to this Agreement is pending wherein an
       unfavorable judgment, decree or order would prevent or make unlawful the
       carrying out of the transaction contemplated by this Agreement,

(b)    By ALG or WTHL if, following examination by it of all matters set forth
       in Section 7.1 or following completion of all other acts necessary to
       accomplish its due diligence, should it be determined by ALG or WTHL in
       its reasonable discretion that the nature of the Company's business,
       assets, inventory, financial condition, the condition of the real estate,
       improvements or other matters material to this Agreement are
       substantially not as represented by the Company and the Shareholders then
       consistent with the acknowledgment of the parties that ALG or WTHL
       executed this Agreement based upon the representations of the Company and
       the Shareholders, without the opportunity of fully examining the
       Company's business, assets and other factors, ALG and WTHL shall have the
       right to terminate this Agreement without any liability whatsoever upon
       written notice to the Shareholders, which notice shall be sent at any
       time prior to the Closing Date;

(c)    By ALG or the Shareholders if any governmental body or agency having
       jurisdiction and authority to prevent consummation of the transactions
       required hereunder, has formally asserted that consummation of such
       transaction violates or would violate any applicable law, or any rule or
       regulation of such body or agency; or

(d)    By ALG or the Shareholders if any condition precedent to the obligation
       of such party to consummate the transaction has not been satisfied or
       waived.

(e)    In no event will the party entitled to terminate this Agreement pursuant
       to this Section 11.3 be liable to the other party for money or other
       damages (liquidated or otherwise) for failure to consummate the
       transactions contemplated in this Agreement for any reason set out in
       this Section 11.3.

                                12. MISCELLANEOUS

12.1   Shareholders Actions. Wherever an act under the Agreement is required to
       be done by the Shareholders as a group or a waiver is to be granted by
       the Shareholders as a group, the signatures of one (1) out of the two (2)
       Shareholders shall constitute action for or on behalf of all of the
       Shareholders.

12.2 Expense. Except as provided for herein, each of the parties hereto shall
     bear all expenses incurred by it in connection with this Agreement and in
     consummation of the transactions contemplated hereby and in preparation
     therefor. ,

                                       21

<PAGE>

12.3   Notices. All notices, demands and requests required or permitted to be
       given under the provisions of this Agreement shall be deemed duly given
       if mailed by registered mail, postage prepaid, return receipt requested,
       or by Federal Express or similar overnight delivery service, or if
       delivered personally, at the following addresses pending the designation
       of another address in accordance with the provisions hereof.

(a)    If to ALG:

       Alternative Lending Group, Inc.
       1430 E. Missouri, Suite 125
       Phoenix, Arizona 85014
       Attention: President

       With a copy to:

       Jeffery J. Hernandez, Esq.
       Law Office of Jeffery J. Hernandez
       5060 N. 401h St., Suite 220
       Phoenix, AZ 85018

(b)    If to Whitehall:
       Whitehall Enterprises, Inc.
       1825 Ponce de Leon Blvd., Suite 138
       Coral Gables, FL 33134
       Attention: Luis Alvarez

       If to Shareholders:
       Scott J. Weaver                                    Michael L. Beasley
       8350 Union Chapel Rd.                              1054 Churchill Ct.
       Indianapolis, IN 46240                             Indianapolis, IN 46280

       With a copy to their attorney:

       Thomas Blackwell, Esq. Kightlinger & Gray
       151 N. Delaware 8t., #660
       Indianapolis, IN 46204

       All deliveries required to be made or received from the Company, ALG or
       Whitehall shall be satisfied by delivery or receipt from the Company, ALG
       or Whitehall and from the Shareholders by delivery or receipt by one of
       the Shareholders.

12.3   Entire Agreement. This Agreement and the other exhibits attached hereto
       contain all the terms agreed upon between the parties with respect to the
       subject matter hereof and supersede all prior agreements, arrangements
       and communications, whether oral or written. This Agreement may not be
       changed or modified, except by agreement in writing, signed by all of the
       parties hereto.

                                       22

<PAGE>

12.5   Headings. The headings of the Sections of this Agreement are for
       convenience of reference only and shall not be deemed to explain, limit
       or amplify the provisions hereof.

12.6   Successors in Interest. Except as otherwise specifically provided herein,
       this Agreement shall be binding upon and inure to the benefit of the
       parties hereto and their respective heirs, legal representatives,
       personal representatives, successors and assigns.

12.7   Counterparts. This Agreement may be executed in any number of
       counterparts, each of which shall be deemed an original but all of which
       shall be deemed but one and the same instrument.

12.8   Governing Law. This Agreement shall be construed and interpreted in
       accordance with and governed in all respects by the laws of the State of
       Arizona and venue is proper only in Maricopa County, Arizona.

12.9   Brokerage. The Company, the Shareholders, ALG and Whitehall represent and
       warrant that all negotiations relative to this Agreement have been
       carried on by them directly between the parties without the intervention
       of any person or firm, and the Company, Shareholders, ALG and Whitehall
       shall each indemnify the others and hold them harmless against and in
       respect of any claim for brokerage, finders fees, or other fees or
       commissions relative to this Agreement or to the transactions
       contemplated hereby caused by their actions relative to brokerage or
       similar fees.

12.10  Waiver. At any time prior to Closing, the parties hereto, by action taken
       by the Board of Directors of ALG and Company pursuant to its By-laws,
       may:

(a)    extend the time for the performance of any of the obligations or other
       acts of the other parties hereto;

(b)    waive any inaccuracies in the representations and warranties contained
       herein or in any document delivered pursuant hereto, and;

(c)    waive compliance with any of the agreements or conditions contained
       herein to the extent permitted by law. Any agreement on the part of a
       party hereto to any extension or waiver shall be valid only if set forth
       in an instrument in writing signed on behalf of such party .

12.11  Remedies for Breach. Specific Performance. Each of the parties
       acknowledges and agrees that the other party or parties would be
       irreparably damaged in the event any covenant or agreement contained in
       this Agreement is not performed in accordance with its specific terms or
       is otherwise breached. Accordingly, each of the parties will be entitled,
       without bond or other security, to an injunction or injunctions to
       prevent breaches of the covenants or agreements contained in this
       Agreement and to enforce specifically this Agreement and the covenants
       and agreements contained herein or therein in any action instituted in
       any court of the United States or any state thereof having subject matter
       jurisdiction, in addition to any other remedy to which such party may be
       entitled, at law or in equity .Each party agrees that should any court or
       other competent authority hold any provision of this Agreement or part
       hereof to be null, void or unenforceable, or order any party to take any
       action inconsistent herewith or not to take any action required herein,
       the other party shall not be entitled to specific performance of such
       provision or part hereof or to any other remedy, including money damages,
       for breach hereof as a result of such holding or order.

                                       23

<PAGE>

12.12  Severability .If any provision of this Agreement or any exhibit attached
       hereto or the application hereof to any party or circumstance is deemed
       invalid, illegal or unenforceable to any extent, the remainder of this
       Agreement including its exhibits and the application thereof shall not be
       affected and shall be enforceable to the fullest extent permitted by law.

12.13  Litigation/Attorney's Fees. In the event a party should bring a lawsuit
       to enforce the terms of this Agreement, the prevailing party or parties
       in such action shall be entitled to recover their reasonable attorneys'
       fees and costs (including costs of expert witnesses) to be determined by
       the court.

12.14  Construction. This Agreement is to be deemed to have been prepared
       jointly by the parties hereto after arms-length negotiations, and any
       uncertainty or ambiguity existing herein shall not be interpreted against
       any party, but according to the application of the rules of
       interpretation of contracts.

12.15  Independent Advice of Counsel. Each party hereto acknowledges that each
       has sought the independent advice of their own counsel with respect to
       this Agreement and the potential consequences for and issues relating to
       entering into this Agreement, including, but not limited to, tax
       consequences, and securities issues.

       IN WITNESS WHEREOF, the Company, Shareholders, ALG and Whitehall each has
       caused this Agreement to be duly executed in its name and on its behalf,
       all as October 3,2000.

WHITEHALL ENTERPRISES, INC.
a Delaware corporation,

BY:    _________________________
       Name:
       Title:
ALTERNATIVE LENDING GROUP,
an Illinois corporation, "ALG"

BY:    _________________________
       Name:
       Title:
 MiB GROUP, LTD.,
an Indiana corporation, "the Company"

BY:    _________________________
       Name:
       Title:
MiB FINANCIAL SERVICES, INC.,
an Indiana corporation, "the Company"

BY:    _________________________
       Name:
       Title:

       -------------------------
       Scott J. Weaver, "Shareholder"

       -------------------------
       Michael Beasley, "Shareholder"

                                       24

<PAGE>

                                    EXHIBIT A

                              EMPLOYMENT AGREEMENT

This Employment Agreement ("the Agreement") is entered into between MiB Group,
Ltd., an Indiana corporation ("MGL"), and Michael Beasley ("Beasley").

MGL agrees to employ Beasley and Beasley agrees to employment by MGL on the
following terms and conditions:

I.     Position.
       ---------

MGL employs Beasley as Vice President of MGL.

2.     Duties.
       -------

Beasley's primary responsibility will be to oversee and manage all of MGL's
operations and to act as a liaison between MGL and Alternative Lending Group
("ALG"), the parent company of MGL. His responsibility is to ensure that the
personnel of MGL's marketing, processing and sales departments fully understand
the departments' respective responsibilities and comply with their respective
terms that they work together to achieve the goals of the company consistent
with any loan productions and revenue projections submitted to and approved by
the President of ALG.

3.     Term of Employment.
       -------------------

The employment will begin on the 3 day of October , 2000 and shall continue
through 10/03 , 2005. In the absence of written notice of non-renewal of this
Agreement by either of the parties no later than sixty (60) days prior to the
end of the term of this Agreement, the Agreement shall be renewed for an
additional period of one year. Thereafter, this contract shall be subject to
termination by a similar notice given to the other party not later than sixty
(60) days before the expiration of each year of the contract in the absence of
which the contract will continue to be renewed for additional one year periods
of time.

4.     Compensation.
       -------------

A.     MGL shall pay to Beasley an annual salary of $75,000.00 payable in
       bi-monthly installments on the first day and the 15th day of each month.

B.     Taxes. All salaries and bonuses shall be paid less required state and
       federal withholding of income and payroll taxes.

                                       25

<PAGE>

5.   Profitsharing and Bonus.
     ------------------------

MGL shall pay Beasley a quarterly bonus, which shall be based upon the quarterly
net profit of the MGL Marketing Division (the " TM Division") and the ALG
Indianapolis mortgage operation (the "IN Retail Division"). In order for Beasley
to earn a quarterly bonus, the TM Division must maintain an average base
production level of eighty thousand dollars ($80,000.00) in gross revenues per
month, (the "Goals"). The TM Division and the IN Retail Division will consist of
the present operations of the TM Division and the IN Retail Division. Net profit
shall be determined utilizing generally accepted accounting principles
consistent with the periodic financial reporting required by the Securities and
Exchange Commission. In calculating the net profits of the TM Division and the
IN Retail Division, the salary and benefits of Beasley shall be deemed expenses
of the division. The following shall be the net profits and the percentages of
each increment of those profits to be paid as a bonus to Beasley provided the
Goals are met:

         QUARTERLY PROFITS                                RATE OF PROFITSHARING
         -----------------                                ---------------------

         $30,000 -75,000                                        10%

         75,001 -100,000                                        12%

         100,001 -130,000                                       15%

         130,001 -175,000                                       18%

         175,001 and up                                         20%

Any bonuses shall be paid in two equal payments over the two pay periods
following the end of each quarter .

6.   Full-time Employment.
     ---------------------

Beasley will devote his efforts full-time to the business of MGL and ALG, which
shall include whatever time is necessary to accomplish Beasley's duties. Beasley
will not engage in any other business activity of any kind for any purpose.
Beasley may make personal investments in other businesses or ventures, provided
those investments do not require active involvement by Beasley in the operation
of those businesses or investments and provided those personal investments are
not in businesses or ventures competing with MGL and/or ALG. Beasley
acknowledges that he has a duty of loyalty to MGL and ALG once employed.

7.   Medical and Hospital Insurance.
     -------------------------------

Beasley shall be covered at MGL 's expense by such medical and hospital
insurance program in which other executive or managerial employees of MGL are
included. Beasley may include members of his family on such coverage at his
expense.

                                       26

<PAGE>

8.     Vacation.
       ---------

Beasley will be entitled to a yearly paid vacation of two (2) weeks.

9.     Sick Leave.
       -----------

Beasley shall be entitled to ten ( 10) business days of sick leave per year at
full salary ("sick days"). These sick days shall expire at the end of each year
of employment if not used and shall not rollover to subsequent years, with no
payment for days unused.

10.    Automobile.
       -----------

MGL will pay or reimburse Beasley (at MGL '5 sole discretion) a total not to
exceed $600.00 per month to pay for the rental or purchase of an automobile for
his use in connection with his employment duties and/or to pay for collision,
liability , and comprehensive insurance coverage for any such vehicle.

11.    Termination of Agreement.
       -------------------------

A.     Either party may terminate this Agreement at any time, with or without
       cause, upon 90 days' written notice to the other party .

B.     Notwithstanding Sections 3 and 11(A) of this Agreement, this Agreement
       shall be immediately terminable under the following conditions:

       i.     If MGL or ALG ceases to do business, or otherwise terminates its
              business operations or if there is a material change in control of
              or ALG; or

       ii.    If MGL shall fail to secure or renew any license, permit,
              authorization or approval of the conduct of its business in any
              significant county or area of the country to be managed by Beasley
              for reasons enumerated in Section 11 ( c) hereof, or if any such
              license, permit, authorization or approval is revoked or
              suspended; or

       iii.   If MGL breaches any provision of this Agreement and fails to fully
              cure such breach within 30 days of written notice from Beasley
              describing the breach; or

       iv.    If MGL, ALG and/or Whitehall Enterprises, Inc. ("Whitehall"), the
              parent company of ALG, shall seek protection under any bankruptcy,
              receivership, trust deed, creditors arrangement, composition or
              comparable proceeding, or if any such proceeding is instituted
              against MGL, ALG and/or Whitehall.

C.     Notwithstanding Sections 3 and 11 (A) of this Agreement, this Agreement
       shall be immediately terminable by MGL for cause, which shall include,
       without limitation, one or more of the following:

                                       27

<PAGE>

       i.     Failure of Beasley to perform his duties per this Agreement. In
              the event that .MGL desires to exercise its right to terminate
              this Agreement, MGL must first give Beasley a written notice
              setting forth the specific deficiencies in Beasley's performance.
              In such event, Beasley shall have ten ( 10) days from receipt of
              the written notice to correct such deficiencies to MGL's
              satisfaction.

       ii.    Beasley's disability, defined as a substantial inability to
              perform his duties for a period of more than ninety (90) calendar
              days.

       iii.   Misappropriation of MGL 's property or funds.

       iv.    Beasley's unfitness to perform his duties on behalf of MGL and/or
              ALG due to abuse of alcohol, use of illegal drugs or adjudication
              of a felony.

       v.     Insubordination.

       vi.    Beasley's commission of fraud, consumer fraud, conversion, theft
              or any unlawful taking of MGL, ALG or client property or
              conspiracy to commit any of the foregoing.

       vii.   Gross negligence and/or recklessness in handling, managing or
              overseeing operations and accounts of MGL and/or A.LG.

       viii.  Beasley's breach of duty of loyalty to MGL and/or ALG.

       D.     Upon termination of this Agreement by either party or naturally at
              the end of the term:

       i.  All rights and benefits of Beasley hereunder and all obligations of
           MGL hereunder shall terminate, except Beasley's rights to payment of
           salary and bonuses accrued prior to termination of this Agreement.
           Beasley specifically waives any rights to payments of any bonuses
           upon termination of this Agreement in the event that he is terminated
           pursuant to Section II ( c ).

       ii. Beasley will immediately return to MGL all Proprietary Information
           (as defined below) in Beasley's possession, custody or control in
           whatever form held (including copies or embodiments thereof relating
           thereto) upon termination of this Agreement or at any time or from
           time to time upon written request by MGL.

       iii.Except as otherwise provided herein, and not including termination of
           salary and bonuses, the provisions of this Agreement shall remain in
           effect after termination (including, without limitation, the natural
           expiration hereof).

                                       28

<PAGE>

12.    Proprietary Information; Proprietary Rights.
       --------------------------------------------

A.     Beasley acknowledges that, in the course of performing his duties under
       this Agreement, he may obtain information relating to products and
       services of MGL, ALG and/or Whitehall which are of a confidential and
       proprietary nature ("Proprietary Information"). Such Proprietary
       Information may include, without limitation, confidential information as
       defined in Section 14 of this Agreement, computer codes, trade secrets,
       know-how, inventions, techniques, processes, programs, algorithms,
       schematics, data, customer lists, financial information and sales and
       marketing plans. Beasley is responsible for ensuring that he and all of
       MGL's employees and agents shall, at all times, both during and after the
       term of this Agreement keep in trust and confidence all such Proprietary
       Information, and shall not use such Proprietary Information other than in
       the course of MGL's, ALG's, Whitehall's or Beasley's duties as expressly
       provided in this Agreement; nor shall Beasley or his subordinates or
       agents disclose any such Proprietary Information to any person without
       ALG's prior written consent. Beasley acknowledges that any such
       Proprietary Information received by Beasley shall be received as a
       fiduciary of MGL, ALG and/or Whitehall. Beasley shall not be bound by
       this Section 12(A) with respect to information Beasley can document (i)
       at the date hereof has entered or later enters the public domain as a
       result of no act or omission of Beasley or employees or agents of MGL,
       ALG or Whitehall or (ii) is lawfully received by Beasley from third
       parties without restriction and without breach of any duty of
       nondisclosure by any such third party .

B.     Beasley agrees (i) not to create- or attempt to create, by reverse
       engineering or otherwise, the source code or internal structure of any of
       MGL's, ALG's or Whitehall's software products or any part thereof from
       the object code or from the information made available to him, (ii) not
       to remove any product identification or notices of any proprietary or
       copyright restrictions from such software/hardware products or any
       support material, (iii) not to list or otherwise display or copy the
       object code of any software product, and (iv) not to copy the software
       products, develop any derivative works thereof or include any portion
       thereof in any other software program, and (v) prior to disposing of any
       media or apparatus, to destroy completely any Proprietary Information
       contained therein.

13.    Non- Solicitation of Employees.
       -------------------------------

       During the term of this Agreement and for twenty-four (24) months after
       its termination, Beasley shall not directly or indirectly, for himself,
       on behalf of, or in conjunction with any other person, company,
       partnership, corporation, or other entity, seek to hire any of MGL's
       personnel or employees for the purpose of having such employee engage in
       services that are the same, similar, or related to the services that MGL
       or any employee thereof provides.

14.    Confidential Information.
       -------------------------

       For the purposes hereof, confidential information shall include any trade
       secrets, knowledge, or information with respect to methods of operation,
       marketing, technology , sales, financial information and sources of
       funding; any operating procedures or techniques; any business methods or
       forms; any business policies or other information related to the
       foregoing subjects (the

                                       29

<PAGE>

       "confidential information"). Beasley shall maintain in strict confidence
       all confidential information, whether or not patentable or copyrightable,
       relating to the business of MGL, ALG and/or Whitehall, and Beasley shall
       not, unless first authorized in writing by ALG, disclose, or use for
       Beasley' benefit or for the benefit of any person, firm or entity at any
       time either during or subsequent to the term of Beasley' employment, any
       confidential information, except as required in the performance of
       Beasley's duties on behalf of MGL.

15.    Reimbursement of Business Expenses.
       -----------------------------------

       MGL shall reimburse Beasley for any reasonable expenses incurred by
       Beasley in the course and scope of his employment with MGL for the
       benefit of MGL, ALG and/or Whitehall. Such reasonable expenses shall
       include, but not be limited to, cellular phone charges, travel, meals,
       room and board and any reasonable incidental charges incurred in the
       course and scope of employment. MGL shall have sole discretion to
       determine reasonableness of expenses incurred.

16.    Applicable Law.
       ---------------

       This contract shall be deemed to have been entered into in Arizona
       regardless of where executed and shall be construed and enforced in
       accordance with Arizona law without reference to conflicts of the laws
       principles. .

17.    Venue and forum.
       ----------------

       Venue and forum for any dispute between the parties hereto are proper
only in Maricopa County , Arizona.

18.    Attorneys' Fees.
       ----------------

       In the event either party shall bring action to enforce the terms of this
       Agreement, the prevailing party in such action shall be entitled to his
       or its reasonable attorneys' fees and costs, including without limitation
       court costs, expert witness fees and paralegal fees1 as the case may be,
       with said sums to be fixed by the court or arbitrator .

19.    Arbitration of Disputes.
       ------------------------

       Notwithstanding injunctive relief, in the event of a dispute arising out
       of this Agreement, such dispute shall be resolved by arbitration. Either
       party may demand arbitration in accordance with the then-governing rules
       of the American Arbitration Association ("AAA"). A single arbitrator
       shall be selected in accordance with AAA rules from the arbitrators
       proposed by the AAA and all proceedings shall be conducted in accordance
       with AAA rules.

                                       30

<PAGE>

20.    Complete Agreement.
       -------------------

       This Agreement constitutes the entire agreement between the parties and
       supersedes any prior agreement between the parties whether oral or
       written. This Agreement may be modified only in writing.

21.    Waiver.
       -------

       No delay or failure by MOL to exercise or enforce any right hereunder and
       no partial or single exercise of any such right shall constitute a waiver
       of that or any other right unless expressly waived in writing.

22.    Severability.
       -------------

If     any provision of this Agreement or the application thereof to either
       party or circumstance is deemed invalid, illegal or unenforceable to any
       extent, the remainder of this Agreement and the application thereof shall
       not be affected and shall be enforceable to the fullest extent permitted
       by law.

23.    Headings.
       ---------

       The headings in this Agreement are for reference purposes only and shall
       not in any way affect the meaning or interpretation of this Agreement.

                  Dated this   3   day of   October  ,   00  .
                             -----        ------------ -------

                                     MiB    Group,    Ltd.,    an   Indiana
                                     Corporation

                                     By: __________________________
                                            R. Jeffrey Mertz, President

                                            ---------------------------
                                            Michael Beasley, Employee

                                       31

<PAGE>

                               INCENTIVE AGREEMENT
                               -------------------

This Incentive Agreement ("Agreement") is entered into between Alternative
Lending Group, Inc., an Illinois Corporation (" ALG"), Whitehall Enterprises,
Inc., a Delaware Corporation ("Whitehall") and Michael Beasley ("Beasley").

1.     This Agreement is intended as a separate agreement from the Employment
       Agreement entered into between Beasley and MiB Group, Ltd. ("MGL ") dated
       September 30, 2000, (the "Employment Agreement") and shall not supersede
       nor invalidate any conflicting provisions of such Employment Agreement.

2.     As an additional incentive for Beasley to achieve top line revenue goals,
       Whitehall agrees that Beasley shall be entitled to as much as an
       additional 500,000 (split adjusted if applicable) Whitehall shares (as
       described in the Purchase Agreement between ALG and MGL dated September
       30, 2000 hereinafter the "Purchaser Agreement") to be paid in increments
       of 100,000 (split adjusted if applicable) Whitehall Shares for each year
       beginning October 1 of each year subsequent to the Closing Date of the
       Purchase Agreement under the following conditions:

       A.     If the TM division (as described in Section 5 of the Beasley
              Employment Agreement) achieves growth of gross revenues at a
              minimum of 5% per quarter during the period beginning October
              1,2000, through September 30,2001, ALG shall instruct Whitehall to
              distribute to Beasley 100,000 (split adjusted if applicable)
              Whitehall shares. In other words, in order for Beasley to obtain
              any such bonus, he must achieve a 20% gross revenue increase
              between October 1, 2000 and September 30, 2001, in order to
              receive a distribution of 100,000 (split adjusted if applicable)
              Whitehall shares.

                                       32

<PAGE>

B.     If the TM division (as described in Section 5 of the Beasley Employment
       Agreement) achieves growth of gross revenues at a minimum of 5% per
       quarter during the period beginning October 1, 2001, through September
       30, 2002, ALG shall instruct Whitehall distribute to Beasley 100,000
       (split adjusted if applicable) shares.

C.     If the TM division (as described in Section 5 of the Beasley Employment
       Agreement) achieves growth of gross revenues at a minimum of 5% per
       quarter during the period beginning October 1, 2002, through September
       30, 2003, ALG shall instruct Whitehall distribute to Beasley 100,000
       (split adjusted if applicable) shares.

D.     If the TM division (as described in Section 5 of the Beasley Employment
       Agreement) achieves growth of gross revenues at a minimum of 5% per
       quarter during the period beginning October 1, 2003, through September
       30, 2004, ALG shall instruct Whitehall distribute to Beasley 100,000
       (split adjusted if applicable) shares.

E.     If the TM division (as described in Section 5 of the Beasley Employment
       Agreement) achieves growth of gross revenues at a minimum of 5% per
       quarter during the period beginning October 1,30, 2004, through September
       30, 2005, ALG shall instruct Whitehall distribute to Beasley 100,000
       (split adjusted if applicable) shares.

3.     ALG agrees to review this Agreement for possible changes to the incentive
       package after one year from the closing date of this Agreement. ALG shall
       have the sole discretion to make any changes to this Agreement after the
       one year anniversary from the closing date of this Agreement.

4.     This Agreement shall be modified only in writing upon the agreement of
       the parties hereto.

                                       33

<PAGE>

5.     Jurisdiction, venue and forum are proper only in Maricopa County,
       Arizona, and Beasley waives any conflicts of laws which may allow the
       laws of a different jurisdiction to apply or the removal of the
       jurisdiction, venue and forum from Maricopa County, Arizona.

6.     In the event the parties hereto enter into litigation in connection with
       this Agreement, the prevailing party shall be entitled to its reasonable
       attorneys fees and costs.

7.     If any provision of this Agreement is deemed invalid, illegal or
       unenforceable, the remainder of the Agreement shall not be affected and
       shall be enforceable to the fullest extent permitted by law.

8.     The laws of Arizona shall apply to this Agreement.

Alternative Lending Group (" ALG"),
an Illinois corporation

BY:                                                  Date:
       -------------------------                          ----------------------
       Name:
       Title:

Whitehall Enterprises, Inc. ("Whitehall"),
a Delaware corporation

BY:                                                  Date:
       -------------------------                          ----------------------
       Name:
       Title:

                                                     Date:
       -------------------------                          ----------------------
       Michael Beasley

                                       34

<PAGE>

                              Unconditional Release

I, Scott J. Weaver, personally release MiB Group Limited from the American
Express Optima credit card account number 37 15-400963-31000 with a balance of
$25,873.26

Signed this 3rd day of October 2000.

-----------------------------
Signature

                                       35

<PAGE>

                               DISCLOSURE SCHEDULE

2.6      Attached are unaudited financial statements for MGL and MFSI.

2.7    There are no undisclosed liabilities.

2.8    There is no real estate.

2.10   Attached is the fixed asset register as reflected on the books as of
October 3, 2000.

2.12   Attached is a copy of our insurance certificate.

2.13 Attached is the Leased Employees Agreement between MiB Group Limited and
WorkSmart, Inc.

2.14 Attached are copies of checks from each of the banks where MiB Group has
relationships.

2.15     MiB has the following actions:
o        Absolute Approval, LLC $2,300.00
o        Annax Brothers $900.00
o        Yeager and George, Etal. $unknown
o        Jeffers and Associated $4,000.00
o        Sigman Mortgage $3,960.00
o        In addition there may be other disputes that are not currently known to
         the company as of October 3, 2000.

2.16   Company leases all employees through WorkSmart, Inc.

2.17   James Sears, Sales Manager $25,000 draw against commissions. Edward
       Medina, Telemarketing Manager $32,500.00 Kendell Moore, Sales, $20,000
       draw against commissions.

2.18   No current employees have non-compete or non-disclosure agreements.

2.19   There are no purchase orders outstanding in an amount in excess of
$20,000.00

2.20   Attached is a copy of the accounts receivable as of October 3, 2000.

2.21   Attached are copies of all licenses and certificates.

2.22   The company has no employees.

2.23   Attached are copies of the 1998 and 1999 federal and state tax returns
       for MiB Group Limited and the 1999 federal and state tax returns for MiB
       Financial Services, Inc.

2.24   MiB Group Limited has had numerous transactions with MiB Financial
       Services, Inc. and are documented within the books and record of both
       companies.

2.25 The company is in compliance with all known laws as of October 3, 2000.

2.26   The only customer that exceeds 20% of the business is Alternative Lending
       Group.

                                       36

<PAGE>

                RESOLUTIONS OF THE SHAREHOLDERS OF MiB GROUP. LTD

MiB GROUP , LTD hereby enacts the following Resolutions by means of the
unanimous vote of its Shareholders.

RESOLVED THAT Scott J. Weaver and Michael Beasley are hereby authorized to act
on behalf of MiB GROUP , LTD in negotiating and executing a Stock Purchase
Agreement whereby all of the shares of MiB GROUP, LTD shall be sold ALTERNATIVE
LENDING GROUP, INC., an Illinois corporation. Upon the completion of such
transaction, 100% of the ownership interest in MiB GROUP , L TD shall
effectively be transferred to the ownership of ALTERNATIVE LENDING GROUP, INC.

Dates:  October 3, 2000

                                                MiB GROUP, LTD

                                    By:           ------------------------------
                                                     Scott J. Weaver

                                    By:           ------------------------------
                                                      Michael Beasley

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