Document:

Exhibit 10.1

             Amendment to Agreement between the Registrant and Dain L. Schult.

                                       19
<PAGE>

                                    AMENDMENT

     THIS  AMENDMENT is made and entered into this 6th day of October,  2000, by
and between American Communications Enterprises, Inc., a Nevada corporation (the
"Company"), and Dain L. Schult (the "Employee").

                                    W I T N E S S E T H:
                                    - - - - - - - - - -

      WHEREAS,  the parties have executed an employment  agreement dated October
1, 1998, as amended on January 3, 2000 (the "Agreement"); and

      WHEREAS, the parties desire to amend the Agreement in certain respects.

      NOW,  THEREFORE,  notwithstanding  any  provision  of the  Agreement,  the
Employee  hereby  agrees  that  the  Agreement  is  hereby  terminated  and that
hereafter,  he  shall  be an  employee  at will of the  Company.  Simultaneously
herewith,  the Employee has executed a general  release,  releasing  the Company
from any liability  accruing prior to the date hereof.  In  consideration of the
agreement of the Employee to this Amendment,  the aforementioned release and the
cancellation of certain indebtedness of the Company to the Employee, the Company
hereby grants to the Employee  3,617,300  shares of the Company's  common stock,
which the parties agree shall be valued for this purpose at $0.11 per share. The
Employee  agrees that after the date  hereof,  he will  continue to provide such
assistance as the Company may reasonably request for purposes of compliance with
the securities laws and other laws applicable to the Company.

      IN WITNESS WHEREOF, the parties have executed this Amendment as of the day
and date first above written.

                                          -------------------------------
                                          Dain L. Schult

                                          American Communications
                                            Enterprises, Inc.

                                          By:____________________________

                                       20
<PAGE>Exhibit 10.2

            Amendment to Agreement between the Registrant and Robert E. Ringle.

                                       21
<PAGE>

                                    AMENDMENT

      THIS AMENDMENT is made and entered into this 6th day of October, 2000, by
and between American Communications Enterprises, Inc., a Nevada corporation
(the "Company"), and Robert E. Ringle (the "Employee").

                                    W I T N E S S E T H:
                                    - - - - - - - - - -

      WHEREAS,  the parties have executed an employment  agreement dated October
1, 1998, as amended on January 3, 2000 (the "Agreement"); and

      WHEREAS, the parties desire to amend the Agreement in certain respects.

      NOW,  THEREFORE,  notwithstanding  any  provision  of the  Agreement,  the
Employee  hereby  agrees  that  the  Agreement  is  hereby  terminated  and that
hereafter,  he  shall  be an  employee  at will of the  Company.  Simultaneously
herewith,  the Employee has executed a general  release,  releasing  the Company
from any liability  accruing prior to the date hereof.  In  consideration of the
agreement of the Employee to this Amendment,  the aforementioned release and the
cancellation of certain indebtedness of the Company to the Employee, the Company
hereby grants to the Employee  2,382,700  shares of the Company's  common stock,
which the parties agree shall be valued for this purpose at $0.11 per share. The
Employee  agrees that after the date  hereof,  he will  continue to provide such
assistance as the Company may reasonably request for purposes of compliance with
the securities laws and other laws applicable to the Company.

      IN WITNESS WHEREOF, the parties have executed this Amendment as of the day
and date first above written.

                                          -------------------------------
                                          Robert E. Ringle

                                          American Communications
                                            Enterprises, Inc.

                                          By:____________________________

                                       22
<PAGE>EXHIBIT 10.4

            Restated and Amended Funding Agreement and Secured Revolving Credit
                Agreement between Teakwood Ventures, LLC and orbitTRAVEL.com
                                   Corporation

                                       34
<PAGE>

                         RESTATED AND AMENDED FUNDING AGREEMENT AND
                             SECURED REVOLVING CREDIT AGREEMENT

     AGREEMENT, dated as of October 27, 2000 between Orbitravel.com Corporation,
a Delaware  corporation (the "Company") and Teakwood  Ventures,  LLC, a Delaware
limited liability company ("you" or "Teakwood").

     1.  Authorization  of Notes;  Warrants.  In order to  finance  the  working
capital  requirements of the Company,  Company has duly authorized the issue and
sale of (a) its common stock in the  aggregate  amount of $750,000  representing
the  purchase  price for 19.8% of the  outstanding  common  stock of the Company
calculated on a fully diluted  basis with  anti-dilution  rights (b) its secured
revolving  credit note (the  "Secured  Revolving  Credit Note") in the aggregate
principal  amount of up to $750,000  from time to time  outstanding,  evidencing
Revolving  Loans made pursuant to Section 2, in the form of Exhibit A hereto and
(c) its Common Stock Purchase  Warrant in the form attached  hereto as Exhibit B
(the "Warrant") for the purchase of up to 20% of the outstanding common stock of
the Company calculated on a fully diluted basis at a no pay exercise price.

     2. Security Agreement. As security for the obligations of the Company under
this Agreement, and to further induce Teakwood to enter into this Agreement, the
parties  shall  enter  into the  Security  Agreement,  Financing  Statement  and
Assignment Agreement (the "Security Agreement") attached hereto as Exhibit C.

      3.  Borrowings Under Revolving Notes.

     3A.  Revolving Loans. You agree, on and subject to the terms and conditions
set forth herein, to make loans (each a "Revolving Loan" and, collectively,  the
"Revolving  Loans")  to  the  Company  in  the  aggregate  principal  amount  of
$1,500,000 on the following  dates (each,  a "Funding Date" and in the following
bi-weekly  amounts with half of each amount being attributed to a Revolving Loan
and the other half being attributable to an equity contribution):

     (i) the  principal  amount  of  $355,000  upon  the due  execution  of this
Agreement by both Parties (the "Initial Funding Date"); provided,  however, that
the  Company  acknowledges  the prior  extension  of credit  to the  Company  by
Teakwood  prior to the execution of this  Agreement in the  aggregate  principal
amount of $345,000 respectively, half of which (namely $172,500) shall be deemed
to be an  outstanding  Revolving  Loan of  Teakwood to the Company and the other
half of which shall be deemed an equity  contribution  hereunder  and subject to
the terms of this Agreement.

     (ii) the principal amount of $200,000 on the 15th day of November  ("Second
Funding Date");

     (iii) the principal amount of $200,000 on the 30th day of November ("Second
Funding Date");

     (iv) the  principal  amount of $200,000 on the 1st day of December  ("Third
Funding Date");

     (v) the principal  amount of $200,000 on the 15th day of December  ("Fourth
Funding Date");

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<PAGE>

     (v) Teakwood  has the  unilateral  right to extend the Fourth  Funding Date
until January 15, 2001 if the Company has raised debt and/or equity funding from
other  sources by the Fourth  Funding  Date so that the  Company is able to meet
budget requirements for the subsequent 30 day period.

     3B. Secured Revolving Credit Note. The Revolving Loans made by you shall be
evidenced by a single Secured  Revolving Credit Note, to be issued to you on the
date of the initial  Revolving Loan, and to have a principal amount of $750,000.
At the time of making of each  Revolving  Loan and at the time of the  making of
each  payment of  principal  in respect of a  Revolving  Loan,  you shall make a
notation on Schedule I of such Secured  Revolving  Credit Note,  specifying  the
date and the amount of the related  Revolving  Loan or payment,  as the case may
be, provided that your failure to do so shall not limit or otherwise  affect any
obligation of the Company under this Agreement or any payment of principal of or
any interest on any Secured  Revolving Credit Note. If necessary to evidence any
change in the  provisions of this  Agreement  relating to the Secured  Revolving
Credit  Note and if agreed to in writing  by you and the  Company,  the  Company
shall furnish a new Secured  Revolving  Credit Note to you in  substitution  for
Secured Revolving Credit Note previously issued.

     3C.  Manner of  Borrowings.  The  Revolving  Loan made on each Funding Date
shall be $100,000  except for the Initial  Funding  Date which shall be $177,500
and shall be made on a  business  day in  integrals  of  $1,000  and shall be on
notice, given no later than 11:00 a.m. (Eastern time) on the business day before
the date on which the proposed  Revolving  Loan is to be made, by the Company to
you. Each such notice may be by  telecopier or e-mail,  which shall be confirmed
by  telephone,  specifying  the amount of the  proposed  Revolving  Loan and the
requested  date  thereof and the account of the Company to which the proceeds of
such  Revolving  Loan shall be credited.  On each Funding Date,  upon receipt of
notice as herein provided,  and upon satisfaction of the conditions set forth in
Section 3F and the other conditions in this Agreement,  you shall make available
to the Company in immediately available funds (provided that the conditions have
been  satisfied at or before the close of business on the  preceding  day),  the
proceeds of such Revolving Loan.

     3D.  Interest  on  Revolving  Loans.  The unpaid  principal  amount of each
Revolving  Loan shall bear  interest  from the date of  borrowing to the date of
payment  thereof  calculated in respect of each period at a rate per annum equal
to 12%.

     3E. Repayment of Revolving Loans. The Company may from time to time, at its
option,  prepay the  outstanding  amount of the  Revolving  Loans in whole or in
part. In the case of each prepayment under this paragraph,  the principal amount
of the Revolving  Loans to be prepaid shall mature and become due and payable on
the date fixed for such  prepayment,  together with  interest on such  principal
amount accrued to such date,  without  premium or penalty.  Notwithstanding  the
foregoing,  the outstanding principal amount of the Revolving Loans shall mature
and  become due and  payable on June 30,  2001(with  a maximum  cure  period for
non-payment  until August 14, 2000),  together  with interest on such  principal
amount  accrued  to such date,  without  premium or  penalty,  unless  otherwise
extended by you as more fully set forth in the Security  Agreement  and the rate
of even date herewith.

     3F.  Conditions  to Revolving  Loans.  Your  obligation to make a Revolving
Loans on the applicable  Funding Date and any subsequent Funding Dates set forth
herein in Section 3A is subject to the satisfaction of the following  conditions
on the respective dates as shown below:

     (1) the Company shall not be in breach of any of its obligations  hereunder
as determined in the sole discretion of Teakwood;

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<PAGE>

     (2) the Company  shall have  executed and delivered its Warrant to purchase
20% of the shares of the Company's  common stock in the form attached  hereto as
Exhibit B in accordance with the terms set forth in Section 1 hereof;

     (3) if requested by the Company, the Company shall have taken all necessary
corporate action to elect two of Teakwood's appointees to the Company's Board of
Directors  which  shall be no  greater  than  five  members  at any time and the
Parties shall mutually agree on the fifth director;

     (4) the Company shall keep its  expenditures at all times within the budget
as attached hereto as Exhibit D (the "Budget") and shall provide you with weekly
detailed  reports on all  expenditures  with a comparison with the Budget.  Such
Budget shall not exceed the amount of funding  hereunder unless otherwise agreed
by both parties; and

     (5) the Company  shall provide you upon signing of this  Agreement  with an
opinion of McLaughlin Stern  reasonably  satisfactory to you that the Company is
current in its SEC reporting requirements.

     (6) the Company  shall  enter into a letter of intent by December  15, 2000
with XXXX providing that the Company shall act as XXXX official travel agent for
XXXX and shall have exchanged drafts for such agreement between them by December
15, 2000 with copies of such  documents  to be provided by the Company to you by
such dates.

     (7) the  Company  shall enter with XXXX and XXXX into a letter of intent by
November 15, 2000 and shall have exchanged draft agreements by December 15, 2000
for joint content  distribution  and joint  revenue  sharing by the Company with
XXXX and XXXX with copies of such documents to be provided by the Company to you
by such dates.

     (8) The  Company  shall use its best  efforts  to reach an  agreement  with
Savoretti to convert his consulting  agreements to common stock in the amount of
$700,000  for  an  equity  interest  of 2%  with  anti-dilution  provisions  and
terminate his security  interest against the Company with a settlement amount of
no more than  $583,250  payable in  quarterly  equal  amounts  (the  "Settlement
Amount").  Said  settlement  agreement  shall also provide that  Savoretti  will
terminate and release his security  interest against the Company upon payment of
the Settlement Amount.

     (9) the Company  shall use its best efforts to reach an agreement  with the
Orbit Network and Divot Golf/Orbit  Travel equity and debt holders to settle all
their claims against the Company and/or its subsidiaries by November 30, 2000 in
a manner satisfactory to you, and agree to invest by November 30, 2000 a minimum
of $500,000 in the Company by said date.

     (10) the Company and David  Noosinow  shall agree that  Noosinow will defer
his severance  compensation until December 31, 2000 or until such time as he has
raised at least  $895,000 as paid in capital from the Orbit  Network  equity and
debt  holders at which time the Company  shall pay out from the proceeds of said
working capital the full severance.

     (12) the Company shall close the New York, New York office by September 31,
2001 and will immediately reduce expenses by either the greater of 15% or actual
savings by subletting all or a portion of the New York office premises.

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<PAGE>

     (13) the Company  shall file the  registration  statements  by November 30,
2000, to register in accordance with SEC requirements all stocks it is currently
obligated  to register  including  stock  issued to Europe  Corporation,  Global
Systems and Cambridge  and shall use its best efforts to have said  registration
statement declared effective on or before February 28, 2001.

     (14)  The  Company  shall  sign up at  least 2  customers  per  month  each
representing at least $5,000 in revenue annually.

     (15) the Company will not enter into any employment agreements without your
consent  except  as  otherwise  provided  for  XXXXX and  Robert  Gilbert  which
contracts shall be subject to Teakwood's prior written approval.

     (16) the Company will implement a program to sell classified  travel ads by
November 14, 2000.

     (17) the Company  shall issue two (2) press  releases  each month  provided
corporate developments warrant such releases.

     (18) the  Company  shall hire two (2)  information  technology  and two (2)
production personnel by November 30, 2000.

     (19) the Company  shall  deposit all funding  received  from you under this
Agreement in a bank account with operational controls to be mutually agreed with
you,  which will provide for your prior written  approval by you on any payments
over  $10,000.  All  checks or other  money  transfers  by the  Company  must be
co-signed by Joseph R. Cellura and Robert Gilbert, assuming he has been hired by
the Company.

     (20) the Company shall provide you  immediately  upon your request of proof
reasonably satisfactory to you of its compliance with each of the foregoing.

     (21) the Company and you shall agree on preliminary budgets for the Company
during the term of this Agreement subject to final review and agreement at least
5 business  days in advance of any Funding  Date for each period  following  the
respective Funding Date except for the budget for the $355,000 to be advanced on
the initial Funding Date as attached as a schedule hereto.

     (22) The  Company  shall  enter into an  Employment  Agreement  with Robert
Gilbert in a form  acceptable  to the Company by November 1, 2000 under which he
will act as President of the Company.

      3G. Optional Reduction.  Upon prior written notice to you at any time, the
Company  shall have the right to reduce or terminate  the unused  portion of the
commitment  to make  Revolving  Loans  hereunder,  effective at any time,  which
notice shall specify the effective date of such termination or reduction and the
amount thereof (which shall be in an amount of at least $1,000).  On any date on
which the  commitment  shall be so reduced or terminated  pursuant  hereto,  the
Company  shall  forthwith  prepay the  Revolving  Loans to the  extent  that the
aggregate  principal  amount of the commitment  exceeds the aggregate  principal
amount of the Revolving Loans permitted to outstanding pursuant to paragraph 3A.
In  addition,  the  Company  may from time to time,  at its  option,  upon prior
written notice to you, prepay the  outstanding  amount of the Revolving Loans in
whole or in part.  In the case of each  prepayment  under  this  paragraph,  the
principal  amount of the  Revolving  Loans to be prepaid shall mature and become
due and payable

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<PAGE>

on the date fixed for such prepayment,  together with interest on such principal
amount accrued to such date, without premium or penalty.

     4. Default.  If any of the following  events of default (with the exception
of the events of default described on Exhibit D hereto) shall occur:

      a) Any  representation  or warranty made by the Company in this  Agreement
      and/or the  Security  Agreement  or in any request or  certificate  of the
      Company furnished Teakwood hereunder shall prove to have been incorrect in
      any material respect; or

      (b) The Company shall  default in the payment,  when due, of any principal
      of or interest on the Revolving Loans or the Secured Revolving Credit Note
      or any other sum payable by the Company under this Agreement; or

      (c) The Company shall default in the  performance of any other  obligation
      to be performed by it contained  herein,  or in the Security  Agreement or
      Secured Revolving Credit Note; or

      (d) Any  indebtedness  for money  borrowed,  for which the  Company or any
      subsidiary or any guarantor of the  Company's  obligations  to Teakwood is
      liable, as principal obligor,  guarantor, or otherwise, is not paid at its
      stated maturity or is declared or otherwise  becomes due and payable prior
      to its stated  maturity;  ok we are  already  in breach  and  default of a
      variety of settlements and obligations which will be scheduled for exhibit
      to this agreement; or

      (e) Any event of default as  defined in any loan or similar  agreement  to
      which  the  Company,  any  subsidiary  or  any  such  guarantor  is now or
      hereafter a party, or any other event thereunder or upon the occurrence of
      which any holder or holders of  indebtedness  outstanding  thereunder  may
      declare the same due and payable,  shall occur and shall continue for more
      than the period of grace, if any, provided therein; or

      (f) Any such guarantor shall terminate or revoke his, her, or its guaranty
      or shall take any action to terminate or revoke same; or

      (g) The Company or any of its subsidiaries or any such guarantor shall (i)
      terminate  or suspend the  operation  of any  portion of his,  her, or its
      business  as  presently  conducted;  (ii)  apply  for  or  consent  to the
      appointment of a receiver,  trustee, or liquidator of himself, herself, or
      itself, or of all or a substantial part of his, her, or its assets;  (iii)
      be unable, or admit in writing his, her, or its inability to pay his, her,
      or its  debts as they full due;  (iv)  make a general  assignment  for the
      benefit of his, her, or its  creditors;  (v) be  adjudicated a bankrupt or
      insolvent;  or (vi) file a voluntary  petition in bankruptcy or a petition
      or an answer seeking reorganization or an arrangement with creditors or to
      take advantage of any  insolvency law or an answer  admitting the material
      allegations of a petition filed against him, her or it in any  bankruptcy,
      reorganization,  or insolvency proceeding, or any action shall be taken by
      it for the purpose of effecting any of the foregoing; or

      (h)  An  order,  judgment,  or  decree  shall  be  entered,   without  the
      application,   approval,   or  consent  of  the  Company  or  any  of  its
      subsidiaries or any such guarantor by any court of competent jurisdiction,
      approving  a petition  seeking  reorganization  of the Company or any such
      subsidiary or guarantor or appointing a receiver,  trustee,  or liquidator
      of the Company or any such subsidiary or any such guarantor or of all or a
      substantial part of any of their respective assets; or

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      (i)The  Company  shall in any  material  respect  fail to comply  with any
      statute,  rule,  regulation,  ordinance,  order,  or other law or judicial
      decree  regarding  the Company or its  premises or assets;  or ok but note
      that unless we begin  immediately  on the 3rd quarter we will not make the
      November 15,  deadline which will result in several other defaults this is
      just money; or

      (j) Teakwood  shall  believe that the prospect of payment of the Revolving
      Loans and/or the Secured  Revolving  Credit Note or the performance of any
      of the  Company's  obligations  under  this or any  other  agreement  with
      Teakwood is impaired;

      then,  and in any such case,  Teakwood  may declare the  principal  of and
      interest accrued on the Secured  Revolving Credit Note to be forthwith due
      and payable,  whereupon  the same shall become  forthwith  due and payable
      and/or  Teakwood may (i)  immediately  terminate its commitment  hereunder
      and/or (ii) declare the  principal  of and interest  accrued on all of the
      said note to be forthwith due and payable, whereupon the same shall become
      forthwith due and payable, without presentment,  demand, protest, or other
      notice of any kind, all of which are hereby waived by the Company.

     5. Affirmative  Covenants of the Company.  The Company covenants and agrees
that for so long as any indebtedness under this Agreement shall be outstanding:

     5A.  Accounting.  As soon as practicable and in any event prior to November
30, 2000, a detailed  statement in form and substance  satisfactory  to Teakwood
specifying  the  use  of  proceeds  of  the  sum  of  $2,735,000  realized  from
investments  and/or loans by Teakwood  prior to the date hereof.  The  Company's
independent auditors report will substantiate all money spent in the traditional
management letter.

     5B.  Judgment  Creditors.  The Company  shall have prepared and delivered a
true and complete  copy of all  judgment  creditors of the Company and all third
parties making claims or threatening  litigation against the Company which shall
be confirmed by the Company's  auditors in connection  with the annual audit and
detailing  the amount and nature of each claim or  judgment  upon  signing  this
Agreement.

     5C. Travel File. As soon as practicable  and in any event prior to November
10,  2000,  The  Company  shall  provide  to  Teakwood a letter  from  Savoretti
confirming  that the Company  has the right to use and  operate on  sufficiently
commercially advantageous terms Orbit Network's GDS contracts, including without
limitation, the "TravelFile" website that provides travel suppliers and Internet
users travel planning services, with Amadeus, Sabre, Galileo and World Span, its
services agreement with America Online and related furniture and equipment.

     5D. Ordinary Course. The business of the Company and its subsidiaries shall
be conducted  only in the ordinary  and usual  course and  consistent  with past
practice and, to the extent  consistent  therewith,  each of the Company and its
subsidiaries  shall use its best efforts to preserve  its business  organization
intact and maintain its existing relations with customers, suppliers, licensees,
employees and other business associates.

     5E.  No Sale  of  Stock.  Without  your  prior  written  consent  not to be
unreasonably withheld,  Company shall not (i) sell or pledge or agree to sell or
pledge  any  stock  owned  by it in any  of its  subsidiaries;  (ii)  amend  its
Certificate of Incorporation or Bylaws;  (iii) split,  combine or reclassify the
outstanding common stock of the Company; (iv) declare, set aside or pay any

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<PAGE>

dividend payable in cash, stock or property with respect to the common stock; or
(v) adopt a plan of liquidation.

     5F. No Pledge. Without your prior written consent,  neither the Company nor
any of its subsidiaries shall (i) issue,  sell,  pledge,  dispose of or encumber
any  additional  shares of, or securities  convertible or  exchangeable  for, or
options,  warrants,  calls,  commitments  or rights of any kind to acquire,  any
shares of capital  stock of any class of the Company or its  subsidiaries  other
than,  in the case of the  Company,  common stock  issuable  pursuant to options
outstanding on the date hereof;  (ii) transfer,  lease,  license,  sell, pledge,
dispose of or encumber  any  significant  assets  other than in the ordinary and
usual course of business;  or (iii) acquire directly or indirectly by redemption
or otherwise any shares of the capital stock of the Company.

     5G. Director Compensation.  Neither the Company nor any of its subsidiaries
shall  establish,  adopt,  enter into, or make any new grants or awards under or
amend, any collective bargaining,  bonus, profit sharing, thrift,  compensation,
stock option,  restricted stock,  pension,  retirement,  deferred  compensation,
employment, termination, severance or other plan, agreement, trust, fund, policy
or  arrangement  for the benefit of any directors,  officers or employees  other
than the grants made  pursuant to an Orbit 2000 Stock  Option Plan which plan is
to be approved by the Company's shareholders.

     5H.  Settlement  of  Litigation.   Neither  the  Company  nor  any  of  its
subsidiaries  shall settle or compromise  any material  claims or litigation or,
except in the ordinary and usual course of business,  modify, amend or terminate
any of its material contracts or waive, release or assign any material rights or
claims without Teakwood's prior written consent.

     5I.  Indebtedness.  Neither the Company nor any of its  subsidiaries  shall
incur any indebtedness for money borrowed or use or sell any debt securities, or
assume,  guarantee,  endorse or otherwise as an accommodation become responsible
for the  obligations  of any other  individual  or entity,  or make any loans or
advances,  other than in the ordinary  course of business  consistent  with past
practices without your prior written consent.

     5J.  Investments.  Neither the Company  nor any of its  subsidiaries  shall
acquire  (by  merger,  consolidation  or  acquisition  of stock or  assets)  any
corporation,  partnership or other business  organization or division thereof or
make any  material  investment  either  by  purchase  of  stock  or  securities,
contributions to capital,  property  transfer or purchase of any material amount
of property or assets,  in any other  individual  or entity  without  your prior
written consent.

     5K. Acquisition  Proposals.  Without Teakwood's prior written consent,  the
Company and its subsidiaries,  respective  officers and directors of the Company
or any of its subsidiaries (including without limitation, any investment banker,
attorney or accountant  retained by the Company or any of it subsidiaries)  will
not initiate or solicit, directly or indirectly,  any inquiries or the making of
any  proposal  with  respect  to a merger,  consolidation,  recapitalization  or
similar transaction involving, or any purchase of all or any significant portion
of  the  assets  or,  or any  equity  interest  in,  the  Company  or any of its
subsidiaries  (an  "Acquisition  Proposal") or , except to the extent  required,
based upon the advice of counsel,  under applicable law for the discharge by the
Board  of  Directors  of  its  fiduciary  duties,  engage  in  any  negotiations
concerning,  or provide  any  confidential  information  or data to, or have any
discussions with, any person relating to an Acquisition  Proposal,  or otherwise
facilitate any effort or attempt to make or implement an  Acquisition  Proposal.
The  Company  will  immediately  advise  Teakwood  of any  existing  activities,
discussion or  negotiations  with any third parties  conducted  heretofore  with
respect to any of the foregoing. The Company will notify Teakwood immediately if
any such  inquiries  or  proposals  are  received  by, any such  information  is
requested from, or any such negotiations or

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     discussions  are sought to be  initiated  or  continued  with the  Company.
Exhibit E attached  hereto  describes  all such  active  proposals,  discussions
and/or negotiations all of which Teakwood consents to.

     5L. Access. Upon reasonable notice, the Company shall (and shall cause each
of its subsidiaries to) afford  Teakwood's  officers,  employees,  counsel,  and
accountants  access,  during normal  business  hours,  to all of its properties,
books, contracts and records and to make copies thereof and, during such period,
the Company  shall (and shall  cause its  subsidiaries  to) furnish  promptly to
Teakwood all  information  concerning its business,  properties and personnel as
Teakwood may request.

     5M. Security  Agreement.  The Company,  at its expense,  shall cause at all
times  the  Security  Agreement  and  any  instruments   amendatory  thereof  or
supplemental  thereto  and  any  instruments  of  assignment  thereof  (and  any
appropriate  financing statements or other instruments and continuations thereof
with respect to any thereof) to be recorded, registered and filed and to be kept
recorded,  registered, and filed in such manner and in such places, and will pay
all such recording, registration, filing fees and other charges, and will comply
with all such  statutes and  regulations  as may be required by law or as may be
reasonably required by Teakwood,  in order to establish,  preserve,  perfect and
protect the lien of the Security  Agreement as a valid,  direct,  first Security
Agreement  line  on  and  first  priority  perfected  security  interest  in the
collateral thereunder.

     5N.  Budgets The Company  shall not deviate from any budgets as agreed upon
with Teakwood.

     5O.  Miscellaneous.  Neither the Company nor any of its  subsidiaries  will
enter into an agreement to do any of the foregoing.

     6.  Representations of the Company.  The Company represents and warrants to
Teakwood as follows:

     6A.  Organization,  Good  Standing  and  Qualification  . The  Company is a
corporation duly organized, validly existing and in good standing under the laws
of the State of Delaware.  The Company has full corporate power and authority to
own and hold its  properties  and to conduct its  business.  The Company is duly
licensed or qualified to do business, and in good standing, in each jurisdiction
in which the nature of its business  requires such licensing,  qualification  or
good standing,  except for any such failure to be so licensed or qualified or in
good  standing that would not have a material  adverse  effect on the Company or
its results of operations,  assets, or financial  condition or on its ability to
perform its obligations under this Agreement.

     6B. Capitalization. The capitalization of the Company as of the date hereof
is set forth on Schedule 6(b) attached  hereto.  The Company further  represents
and warrants that, in consideration for good and valuable consideration received
from Teakwood prior to the date hereof,  the Company  issued to Teakwood  and/or
companies  related  to  Teakwood  112,000,000  shares of its  Common  Stock (the
"Teakwood  Stock").  The  Teakwood  Stock was fully paid and  nonassessable  and
subject to no liens at the time of the issuance thereof.  The Teakwood Stock has
anti-dilution  rights so that the Company will issue such  additional  shares of
common  stock to  Teakwood  free of charge to  maintain  at all times the 13.25%
ownership of the Company's common stock represented by the Teakwood Stock at the
current time.

                                       42

<PAGE>

6C.  Corporate  Power,  Authorization;   Enforceability.  The  Company  has  all
requisite  corporate power and authority to execute and deliver,  and to perform
its  obligations  under this Agreement and each of the  agreements  contemplated
hereunder  (collectively,   the  "Operative  Agreements"),  and  has  taken  all
necessary corporate and stockholder action to authorize the execution,  delivery
and  performance  of  the  Operative   Agreements  by  the  Company  subject  to
shareholders  approval for issuance of 20% or more of the Company's  stock which
shall include all stock previously issued to Teakwood.  In the event this is not
approved,  all other  terms of this  Agreement  shall  remain in full  force and
effect.  In the event such  approval is not  obtained,  Company  represents  and
warrants  that this does not affect  Teakwood's  ownership of the stock  already
issued to Teakwood or to be issued to Teakwood  pursuant to this Agreement,  the
Secured Revolving Credit Note, or the Warrant.  Each of the Operative Agreements
has been duly  executed and delivered by the Company and  constitute  the legal,
valid and binding  obligations of the Company enforceable against the Company in
accordance with their respective terms. The execution,  delivery and performance
of this Agreement and each of the Operative Agreements,  and compliance with the
provisions  hereof by the  Company  will not (i)  violate  any law or statute or
order,  judgment  or  decree  of  any  court,  administrative  agency  or  other
governmental  body  applicable to the Company or its properties or assets,  (ii)
conflict  in any  respect  with or result  in any  breach of any of the terms or
provisions or  constitute  (with due notice or lapse of time, or both) a default
under the Certificate of Incorporation  or By-laws of the Company,  (iii) result
in a breach  or  violation  of,  or a  default  under,  or  acceleration  of any
obligations  pursuant  to  any  note,  indenture,   Security  Agreement,  lease,
agreement, contract,  understanding,  arrangement or instrument ("Contracts") to
which the Company is a party or by which it or any of its  properties  or assets
may be bound or affected, (iv) result in any change in the rights or obligations
of any party  under the  Contracts,  or (v),  excepted  as  contemplated  by the
Security Agreement in favor of Teakwood, result in the creation or imposition of
any lien,  charge,  restriction,  claim or encumbrance of any nature  whatsoever
upon any of the properties or assets of the Company.

     6D. No  Litigation.  Except as set forth on Schedule  6D  attached  hereto,
there are no actions,  suits,  proceedings or investigations pending nor, to the
best knowledge of the Company,  threatened  against the Company by or before any
court or  governmental  agency.  There  is no  lawsuit  or claim by the  Company
pending, or which the Company intends or reasonably expects to initiate, against
any other person or entity.

     6E.  Payment of Taxes.  The  Company has filed all tax returns and paid all
taxes shown  thereon to be due, if any,  that are required to have been filed on
or  before  the  date  hereof  or  the  Conversion  Date,  as  applicable,  with
appropriate Federal,  state, foreign,  county and local governmental agencies or
instrumentalities,  except  where the failure to do so would not have a material
adverse effect upon the business of the Company.

                     [remainder of this page intentionally left blank]

                                       43

<PAGE>

     7.  Notices.  All  notices  required  by this  agreement  shall  be sent by
certified mail, return receipt  requested,  postage prepaid.  Until such time as
notice of a new  address  is  received  by each of the  parties,  the  following
address shall constitute the addresses for purposes of notice hereunder:

If to the Company:            OrbitTRAVELcom Corporation

                              One Union Square South 10-J
                            New York, New York 10003

                             Telephone: 212-353-8468

with a copy to:               Richard J. Blumberg, Esq.
                             McLaughlin & Stern, LLP

                               260 Madison Avenue

                            New York, New York 10016

                             Telephone: 212-448-1100

If to the Lender:             Teakwood Ventures, LLC
                            276 5th Avenue--Suite 603

                               New York, NY 10001

with a copy to:               Paul C. Homsy, Esq.
                              Zevnik Horton Guibord McGovern
                               Palmer & Fognani, L.L.P.
                              1330 Avenue of the Americas, 11th Floor

                               New York, NY 10019

     8. Funding Commitment  Letter.  The Company  acknowledges that Teakwood has
purchased  certain Common Stock of the Company in  consideration  for the sum of
$2,500,000 pursuant to the Funding Commitment Letter and Subscription  Agreement
(the  "Commitment  Letter"),  dated  February  15, 2000  between the Company and
Teakwood.  Company hereby  confirms that Teakwood is not obligated to extend the
remaining $7,500,000 in financing provided for under the terms of the Commitment
Letter.

     9. Breach by Teakwood.  In the event of a breach by Teakwood of its funding
requirements  under this Agreement and such breach is not cured within 5 days of
its occurrence,  Teakwood's liability will not exceed the total unfunded portion
of the $1,500,000 principal amount covered by this Agreement.

     10.  Publicity.  The initial press release with respect to the  transaction
contemplated  hereby shall be a joint press release and  thereafter  the Company
and  Teakwood  shall  consult  with each other in issuing any press  releases or
otherwise making public statements with respect to the transactions contemplated
hereby and in making any  filings  with any  federal  or state  governmental  or
regulatory agency or with any national securities exchange with respect thereto.
Each party  shall use its best  efforts to enable the other  party to review and
consent to all releases prior to release.

     11. Miscellaneous. This agreement has been entered into in the State of New
York and the validity,  interpretation  and legal effect of this agreement shall
be governed by the laws of the State of New York applicable to contracts entered
into and performed entirely within such State.

                                       44

<PAGE>

The  New  York  courts  (state  and  federal)  shall  have  jurisdiction  of any
controversies  regarding  this,  agreement and the parties hereto consent to the
jurisdiction of said courts. This agreement contains the entire understanding of
the parties  relating to its subject  matter.  No change or modification of this
agreement shall be binding upon either party unless made in writing. A waiver by
either  party of any  provision of this  agreement  in any instance  will not be
deemed to waive it for the  future.  All  remedies,  rights,  undertakings,  and
obligations  contained in this  agreement  shall be cumulative  and none of them
shall be in limitation of any other remedy, right, undertaking, or obligation of
either party. In entering into this Agreement, Company and Distributor each have
and shall have the status of an independent  contractor and nothing herein shall
contemplate  or  constitute  either party as the agent or employee of the other.
This agreement may be executed in one or more counterparts,  each of which shall
constitute an original.

     IN WITNESS  WHEREOF,  the parties  hereto have caused this  Agreement to be
executed by their duly authorized  officers as of the day and year first written
above.

ORBITTRAVEL.COM CORPORATION

By /s/ Joseph Cellura

TEAKWOOD VENTURES, LLC

By /s/ Aditha Reksono

                                       45

<PAGE>

Exhibit A

                               CONVERTIBLE SECURED REVOLVING
                                        CREDIT NOTE

New York, NY
October 26, 2000

     1. OrbitTravel.com  Corporation,  a Delaware corporation  ("Company"),  for
value received,  hereby promises to pay to Teakwood Ventures LLC (the "Lender"),
at the main office of Lender's  bank, or at such other place as the Lender shall
designate to the Company in writing,  the  principal sum of $750,000 or if less,
the aggregate  principal amount of all loans (the "Revolving Loans") made by the
Lender  to the  Company  pursuant  to the  Secured  Revolving  Credit  Agreement
referred to below, in lawful money of the United States of America, on or before
June 30, 2001.

     2. The Company also promises to pay to the Lender interest (computed on the
basis of a 360-day year of twelve  30-day  months) from and  including the first
calendar day upon which any such Revolving  Loans are made or outstanding to but
excluding  the payment date thereof.  Such interest  shall be payable (a) at the
time of any  prepayment or any required  payment of any principal  amount of the
Revolving  Loans and in the amount accrued on such principal  amount to the date
prepayment  or payment at a rate per annum  (until such  principal  amount shall
have  become due and  payable)  equal  to12% and (b) on any  overdue  payment of
principal and, to the extent  permitted by law, any overdue  payment of interest
until paid, at a rate per annum from time to time equal to15% .

     3. The Company expressly waives any presentment,  demand, protest or notice
in connection  with this Note now or hereafter  required by applicable law. This
needs to be  reworded  with  Blumberg  as it does not fit in the public  company
there must be a notice given.

     4. This Secured Revolving Credit Note is referred to in and issued pursuant
to the Secured  Revolving Credit Agreement,  dated the date hereof,  between the
Company and Teakwood  Ventures,  LLC. Reference is made to the secured Revolving
Credit  Agreement  for a statement of the terms and  conditions  under which the
principal  hereof and accrued  interest thereon may become or may be declared to
be forthwith due and payable and may be subject to prepayment.

     5. The Company  agrees to repay with  interest the  principal of this on or
before June 30, 2001 under the  circumstances and to the extent specified in the
Revolving Credit  Agreement.  Subject to the terms and conditions of the Secured
Revolving Credit  Agreement,  the outstanding  principal amount of this Note may
become or be declared due and payable in the manner and with the effect provided
for in the Secured Revolving Credit Agreement.

     6. Conversion Rights and Anti-dilution

     (a) Conversion Privilege.  During the period of time commencing on the date
of this Note and continuing  until the payment in full of this Note and provided
shareholders  have approved the issuance of more than 20% of the Common Stock to
the Lender and/or its associated  companies,  the Company,  at its option in the
event the quoted  price for the  Company's  common  stock (the  "Common  Stock")
reaches 25 cents or above,  may convert  all or any  portion of the  outstanding
principal  balance of, and all accrued interest on, this Note into the number of
shares of Common

                                       46

<PAGE>

Stock  obtained by dividing  (i) the unpaid  principal  amount of, and  interest
through  the date of  conversion  on,  this  Note to be  converted,  by (ii) the
Conversion  Price  which  is one cent for each  share  of  Common  Stock.  After
conversion,  the Company  shall issue no pay Common Stock to the Company so that
the  Company  shall  maintain  its  stock  ownership  percentage  at the time of
conversion.  The Company  will  exercise  best  efforts to promptly  obtain said
shareholder approval.

     (b) Conversion Procedure.  To convert this Note pursuant to this SECTION 6,
Lender  must  notify the Company of such  election.  As promptly as  practicable
after delivery of said election to convert in accordance with this SECTION 6(b),
Company shall issue and deliver to Lender, a certificate or certificates for the
full number of whole shares of Common Stock issuable upon the conversion of this
Note in accordance  with the provisions of this SECTION 6. Company shall use its
best efforts to promptly  register all shares of Common Stock as freely  trading
shares covered by Lender's election to convert.

     (c) Cash Payments In Lieu of  Fractional  Shares.  No fractional  shares of
Common Stock or scrip  representing  fractional  shares of Common Stock shall be
issued upon  conversion  of the  principal of, or interest on, this Note. If any
fractional  share of Common Stock would be issuable  upon the  conversion of any
portion of this Note, Company shall pay a cash adjustment therefor in respect of
such  fractional  share equal to the product of (i) the percentage  representing
such fractional share multiplied by (ii) the Conversion Price.

     (d) Adjustment of Conversion Price. (i) If Company shall (a) pay a dividend
or other  distribution,  in  Common  Stock,  on any  class of  capital  stock of
Company,  (b) subdivide the  outstanding  Common Stock into a greater  number of
shares by any means or (c) combine the  outstanding  Common Stock into a smaller
number of shares by any means (including,  without  limitation,  a reverse stock
split) (any such event being an "ADJUSTMENT EVENT"),  then in each such case the
Conversion  Price shall be  decreased  or  increased  as follows:  the  adjusted
Conversion  Price shall be equal to the Conversion  Price in effect  immediately
prior to the effective  date of the Adjustment  Event,  multiplied by a fraction
whose  numerator is the number of shares of Common Stock issued and  outstanding
immediately prior to such effective date, and whose denominator is the number of
such shares  outstanding  immediately  after such effective  date. An adjustment
made pursuant to this SECTION 6(d)(i) shall become effective  immediately  after
the record date for the  determination of stockholders  entitled to receive such
dividend  or  distribution  and shall  become  effective  immediately  after the
effective date of such subdivision or combination,  as the case may be; (ii) The
provisions of this SECTION 6(d) shall similarly  apply to all successive  events
of the type described in this SECTION 6(d).  Notwithstanding  anything contained
herein to the contrary,  no adjustment in the Conversion Price shall be required
unless cumulative  adjustments would require an increase or decrease of at least
1% in  the  Conversion  Price  then  in  effect;  provided,  however,  that  any
adjustments  which by reason of this  SECTION  6(d) are not  required to be made
shall be carried  forward and taken into account in any  subsequent  adjustment.
All calculations  under this Section 6 shall be made by the Company and shall be
made to the nearest cent. Except as provided in this SECTION 6, no adjustment in
the  Conversion  Price  will be made for the  issuance  of  Common  Stock or any
securities  convertible  into or  exchangeable  for Common Stock or carrying the
right to purchase Common Stock or any securities so convertible or exchangeable.
(iii) Whenever the Conversion Price is adjusted as provided herein,  the Company
shall promptly provide the Lender with written notice of such adjustment setting
forth the Conversion  Price in effect after such  adjustment and setting forth a
brief statement of the facts requiring such adjustment.

     (e) Effect of  Reclassification,  Consolidation,  Merger,  or Sale.  In the
event  of  (i)  any   reclassification   (including,   without   limitation,   a
reclassification  effected  by  means  of an  exchange

                                       47

<PAGE>

or tender offer by the Company) but excluding a change in par value, or from par
value to no par value,  or from no par value to par  value,  or as a result of a
subdivision or combination, (ii) any consolidation, merger or combination of the
Company with another  corporation  as a result of which  holders of Common Stock
shall be entitled to receive securities or other property  (including cash) with
respect to or in exchange  for Common Stock or (iii) any sale or  conveyance  of
the  property of the Company as, or  substantially  as, an entirety to any other
corporation  as a result of which  holders of Common  Stock shall be entitled to
receive  securities  or other  property  (including  cash) with respect to or in
exchange  for Common  Stock,  then the Company or the  successor  or  purchasing
corporation,  as the case may be, shall enter into an Amended and Restated  Note
providing  that  this  Note  shall be  convertible  into the kind and  amount of
securities   or  other   property   (including   cash)   receivable   upon  such
reclassification, change, consolidation, merger, combination, sale or conveyance
which Company would have  received if this Note had been  converted  immediately
prior to such reclassification, change, consolidation, merger, combination, sale
or  conveyance.  Such Amended and Restated  Note shall  provide for  adjustments
which shall be as nearly  equivalent as may be  practicable  to the  adjustments
provided for in this SECTION 6. Whenever an Amended and Restated Note is entered
into as  provided  herein,  Company  shall  promptly  provide the Lender with an
Officer's  Certificate  setting forth a brief  statement of the facts  requiring
such Amended and Restated Note. The provisions of this SECTION 6 shall similarly
apply to all successive events of the type described in this SECTION 6.

     (f) Taxes on Shares Issued.  The issuance of a certificate or  certificates
on  conversion  of this Note shall be made without  charge to the Lender for any
tax or charge with respect to the issuance thereof.

     (g)  Reservation  of  Shares;  Shares  To Be Fully  Paid,  Compliance  with
Government Requirements;  Listing of Common Stock. Company shall reserve, out of
its authorized  but unissued  Common Stock or its Common Stock held in treasury,
sufficient  shares of Common Stock to provide for the  conversion of all of this
Note.

     The  Company  covenants  that all  Common  Stock  which may be issued  upon
conversion of this Note, will upon issuance, be duly authorized, validly issued,
fully paid and  nonassessable  and free from all taxes,  liens and charges  with
respect to the issuance and delivery thereof.  The Company covenants that if any
Common Stock issued or delivered upon conversion of this Note hereunder requires
registration with or approval of any governmental authority under any applicable
federal or state law (excluding  federal or state  securities  laws) before such
Common  Stock may be  lawfully  issued,  the  Company  will in good faith and as
expeditiously as possible endeavor to secure such  registration or approval,  as
the case may be.  Company shall maintain the Common  Stock's  authorization  for
listing on the Nasdaq Over the Counter Market. Company shall not take any action
which may result in the  delisting  or  suspension  of the  Common  Stock on the
Nasdaq  SmallCap  Market (other than to switch listing from the Nasdaq  SmallCap
Market to the Nasdaq National Market or a stock exchange).

    (h)   Notice To Lender Prior To Certain Actions.  In the event that:

         (i)   Company  shall  declare or authorize any event which could result
               in an  adjustment in the  Conversion  Price under Section 6(D) or
               require the execution of an amended and restated Note; or

         (ii)  Company shall authorize the combination,  consolidation or merger
               of Company for which approval of any  stockholders of the Company
               is required,  the sale or transfer of all or substantially all of
               the assets of the

                                       48

<PAGE>

               Company or the voluntary or involuntary dissolution,  liquidation
               or winding-up  of the Company in whole or in part;  then, in each
               such case, the Company shall give or cause to be given to Lender,
               as promptly  as possible  but in any event at least 15 days prior
               to the applicable date  hereinafter  specified,  a notice stating
               the date on which a record  is to be  taken  for the  purpose  of
               determining  the holders of outstanding  Common Stock entitled to
               participate in such event, the date on which such event is

                  expected to become effective or occur and the date on which it
                  is expected that holders of outstanding Common Stock of record
                  shall be entitled to surrender  their  shares,  or receive any
                  items,  in  connection  with such event.  Failure to give such
                  notice,  or any defect therein,  shall not affect the legality
                  or validity of such event.

(i) Proxy  Statement.  On or before  December  15, 2000,  (the "PROXY  STATEMENT
TRIGGER DATE"),  Company shall provide each stockholder  entitled to vote at the
next meeting of stockholders  of Company,  which meeting shall not be later than
forty-five  (45) days after the Proxy Statement  Trigger Date (the  "STOCKHOLDER
MEETING  DEADLINE"),  a proxy  statement,  which been  previously  submitted for
review by Lender,  soliciting  each such  stockholder's  affirmative  vote (such
affirmative vote being the `REQUIRED  STOCKHOLDER  CONSENT") at such stockholder
meeting  for  approval  of  Company's  issuance  of all of the  Common  Stock as
described  in this Note  (including  the  approval of issuances at a discount to
market as may be  required  by the  Rules of Nasdaq  Stock  Market,  Inc.),  and
Company shall use its best efforts to solicit its stockholders' approval of such
issuance  of the  Common  Stock and cause the Board of  Directors  of Company to
recommend to the stockholders that they approve such proposal.

     This Note is entitled to the benefits of a Security Agreement,  dated as of
October 16, 2000 between the Company and Lender.

     THIS NOTE IS INTENDED TO BE PERFORMED IN THE STATE OF NEW YORK AND SHALL BE
CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAW OF SUCH STATE.

                              ORBITTRAVEL.COM CORPORATION

                              By /s/ Joseph Cellura

                                       49

<PAGE>

Schedule I to Revolving Credit Note

                                      PAYMENT SCHEDULE

Date  Amount of Loan    Principal Paid          Unpaid Principal  Notation
                          or Repaid                               Made By
__________$180,000_____________________________________________________________
___________$25,000____________________________________________$30,000__________
___________$30,000__________________________________________________$15,000____
___________$_________________________________________________$45,000____________
____________________________________________________________$50,000____________
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                                       50

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EXHIBIT B

THE SECURITIES EVIDENCED BY THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE U.S.
SECURITIES ACT OF 1933, AS AMENDED (THE  "SECURITIES  ACT"),  OR THE SECURITIES,
BLUE  SKY  OR  OTHER  APPLICABLE  LAWS  OF  ANY  STATE  OR  ANY  OTHER  RELEVANT
JURISDICTION,  AND MAY NOT BE  OFFERED  AND SOLD  UNLESS (A)  REGISTERED  AND/OR
QUALIFIED  PURSUANT TO THE RELEVANT  PROVISIONS OF U.S. FEDERAL SECURITIES LAWS,
THE  SECURITIES  BLUE  SKY,  OR OTHER  APPLICABLE  LAWS OF ANY  STATE,  OR OTHER
RELEVANT  JURISDICTION OR (B) EXEMPT FROM SUCH  REGISTRATION  OR  QUALIFICATION.
THERFORE,  NO SALE,  PLEDGE OR OTHER TRANSFER OF THIS SECURITY SHALL BE MADE, NO
ATTEMPTED  SALE,  PLEDGE OR OTHER  TRANSFER OF THIS  SECURITY  SHALL BE MADE, NO
ATTEMPTED  SALE,  PLEDGE OR OTHER TRANSFER SHALL BE VALID,  AND THE ISSUER SHALL
NOT BE  REQUIRED  TO GIVE ANY  EFFECT TO ANY SUCH  TRANSACTION  UNLESS  (A) SUCH
TRANSACTION  SHALL  HAVE  BEEN DULY  REGISTERED  UNDER  THE  SECURITIES  ACT AND
QUALIFIED OR APPROVED UNDER THE SECURITIES,  BLUE SKY, OR OTHER  APPLICABLE LAWS
OF ANY STATE OR OTHER RELEVANT JURISDICTION,  OR (B) THE COMPANY SHALL HAVE BEEN
SATISFIED THAT SUCH REGISTRATION, QUALIFICAITON OR APPROVAL IS NOT REQUIRED.

VOID AFTER 5:00 P.M. PACIFIC STANDARD TIME, ON October 25, 2010

October 27, 2000                                      Warrant to Purchase

                                                   ----------------------
                                                   Shares of Common Stock

                       WARRANT TO PURCHASE COMMON STOCK OF

                           ORBITTRAVEL.COM CORPORATION

     This  is to  certify  that  Teakwood  Ventures,  LLC,  a  Delaware  limited
liability  company  (the  "Holder")  is  entitled  to  purchase,  subject to the
provisions  of this Warrant,  from  OrbitTRAVEL.com  Corporation,  a corporation
organized under the laws of the State of Delaware (the  "Company"),  shares (the
"Warrant  Shares")  representing at the time of purchase twenty percent (20%) of
the issued and outstanding common stock of the Company (the "Common Stock"),  at
any time on or prior to the date that is ten (10) years from the date hereof, at
which time this Warrant shall expire (the "Expiration  Date"). The Company shall
as promptly as possible  seek and  exercise  best  efforts to obtain any and all
required shareholder approvals for the issuance of Common Stock to the Holder of
20% or more of the issued and outstanding  Common Stock. The Company  represents
and  warrants  that no such  approvals  are required to issue up to 19.8% of the
Common  Stock to the Holder and the  Holder  may elect to  acquire  such  lesser
amount of stock at its sole option under the terms  hereof.  Except as otherwise
provided herein, this Warrant shall be exercisable without payment by the Holder
of any price.  The number of shares of Common Stock to be received upon exercise
of this Warrant shall be adjusted from time

                                       51

<PAGE>

to time as set forth in  Section 5 below.  This  Warrant  and the  Common  Stock
issuable upon  exercise  hereof are sometimes  referred to  collectively  as the
"Securities."   This  Warrant  is  also  subject  to  the  following  terms  and
conditions:

     1. Exercise and Payment; Exchange; Anti-dilution. This Warrant or a portion
thereof may be exercised in whole or in part (other than  fractional  interests)
at any time before the Expiration  Date.  Exercise shall be by presentation  and
surrender  to the  Company  at its  principal  office,  or at the  office of any
transfer  agent  designated by the Company (the "Transfer  Agent"),  of (i) this
Warrant,  (ii) the properly executed Form of Exercise attached hereto as Exhibit
"A" and incorporated  herein by this reference.  If this Warrant is exercised in
part only,  the Company or the  Transfer  Agent  shall,  upon  surrender of this
Warrant,  execute and deliver a new Warrant  evidencing the rights of the Holder
to purchase the remaining number of Warrant Shares purchasable  hereunder.  Upon
receipt by the Company of this Warrant in proper form for exercise,  (unless the
option described in the foregoing proviso is selected by the Holder), the Holder
shall be deemed to be the holder of record of the  Common  Stock  issuable  upon
such  exercise,  notwithstanding  that the stock  transfer  books of the Company
shall then be closed or that certificates representing such Warrant Shares shall
not then be actually  delivered  to the  Holder.  Upon  exercise by Holder,  the
Company  shall  issue  additional  common  stock  shares to  Company  so that it
maintains  at all time its 20% or 19.8%  (if it elects to  acquire  such  lesser
amount of Warrant  Shares)  ownership  interest  in all  issued and  outstanding
shares of common stock of the Company.

     2.  Reservation  of  Shares.  The  Company  shall,  at all times  until the
expiration of this  Warrant,  reserve for issuance and delivery upon exercise of
this  Warrant the number of Warrant  Shares which shall be required for issuance
and delivery upon exercise of this  Warrant.  Upon exercise of the Warrant,  the
Company shall promptly  register the Warrant Shares and insure that they will be
freely tradeable.

     3. No Rights as  Shareholder.  This Warrant shall not entitle the Holder to
any rights as a  shareholder  of the  Company,  either at law or in equity.  The
rights of the Holder are limited to those  expressed in this Warrant and are not
enforceable against the Company except to the extent set forth herein.

     4. Adjustments in Number and Exercise Prices of Warrant Shares.

     (a) The  number of shares of Common  Stock for which  this  Warrant  may be
exercised shall be subject to adjustments as follows:

     (i) If the Company is recapitalized  through the subdivision or combination
of its  outstanding  shares  of  Common  Stock for  which  this  Warrant  may be
exercised  shall  be  increased  or  reduced,  as of the  record  date  for such
recapitalization,  in the same  proportion  as the  increase  or decrease in the
outstanding shares of Common Stock,

     (ii) If the Company  declares a dividend on Common Stock  payable in Common
Stock or  securities  convertible  into  Common  Stock,  the number of shares of
Common Stock for which this  Warrant may be  exercised  shall be increased as of
the record date for determining  which holders of Common Stock shall be entitled
to  receive  such  dividend,  in  proportion  to the  increase  in the number of
outstanding  shares (and shares of Common Stock issuable upon  conversion of all
such  securities  convertible  into Common Stock) of Common Stock as a result of
such dividend.

                                       52

<PAGE>

     (iii) If the Company distributes to holders of its Common Stock, other than
as part of its dissolution or liquidation or the winding up of its affairs,  any
shares of its Common Stock,  any evidence of  indebtedness  or any of its assets
(other than cash, Common Stock or securities convertible into Common Stock), the
Company  shall give  written  notice to the Holder of any such  distribution  at
least ten (10) days  prior to the  proposed  record  date in order to permit the
Holder to exercise this Warrant with respect to the Warrant  Shares on or before
the record date.  There shall be no adjustment in the number of shares of Common
Stock  for  which  this  Warrant  may  be  exercised,  by  virtue  of  any  such
distribution. This Warrant will terminate upon such dissolution,  liquidation or
winding up.

     (iv) If the  event,  as a  result  of  which an  adjustment  is made  under
paragraph (i), (ii) or (iii) above,  does not occur, then any adjustments in the
or number of shares  issuable that were made in accordance  with such  paragraph
(i),  (ii) or (iii)  shall be adjusted to and number of shares as were in effect
immediately prior to the record date for such event.

     (b) The Company  shall,  upon the written  request of the Holder,  retain a
firm of independent  public  accountants of recognized  standing (who may be any
such firm regularly  employed by the Company) to make any  computation  required
under this Section 5, and a certificate  signed by such firm shall be conclusive
evidence of the correctness of any computation made under this Section 5.

     (c) Whenever the number of Warrant  Shares shall be adjusted as required by
the  provisions  of this  Section  5, the  Company  forthwith  shall file in the
custody of its Secretary or an Assistant Secretary,  at its principal office, an
officer's  certificate showing the adjusted number of Warrant Shares and setting
forth in reasonable detail the circumstances requiring the adjustment. Each such
officer's  certificate  shall be made available at all  reasonable  times during
reasonable hours for inspection by the Holder.

     5. Notices to Holders. So long as this Warrant shall be outstanding, (a) if
the Company  shall pay any  dividends or make any  distribution  upon the Common
Stock  otherwise  than in  cash,  or (b) if there  shall be any  reorganization,
consolidation  or merger of the Company  into another  corporation  in which the
Company is not the  surviving  entity,  or the sale or other  transfer of all or
substantially all of the property and assets of the Company, or the voluntary or
involuntary dissolution,  liquidation or winding up of the Company, then in such
event,  the Company  shall  cause to be mailed to the Holder,  at least ten (10)
days prior to the relevant date  described  below (or such shorter  period as is
reasonably  possible  if ten (10)  days is not  reasonably  possible),  a notice
containing a description of the proposed action and stating the date or expected
date on  which  a  reorganization,  consolidation,  merger,  sale  or  transfer,
dissolution, liquidation or winding up is to take place and the date or expected
date,  if any is to be fixed,  as of which the holders of Common Stock of record
shall be entitled to exchange  their  shares of Common Stock for  securities  or
other property deliverable upon such event.

      6.   Transfer or Loss of Warrant .

     (a)   This Warrant may not be transferred, in whole or in part.

     (b) Upon  receipt by the  Company of evidence  satisfactory  to it of loss,
theft, destruction or mutilation of this Warrant and, in the case of loss, theft
or destruction,  of reasonably satisfactory  indemnification and/or bond, or, in
the case of mutilation, upon surrender of this Warrant, the Company will execute
and  deliver,  or instruct  the  Transfer  Agent to execute and  deliver,  a new
Warrant  of like  tenor  and  date,  and any such  lost,  stolen,  destroyed  or
mutilated Warrant thereupon shall become void.

                                       53

<PAGE>

     7.  Notices.  Notices  and other  communications  to be given to the Holder
and/or Company shall be deemed sufficiently given if delivered by hand, or three
(3) business  days after  mailing if mailed by  registered  or  certified  mail,
postage  prepaid,  addressed  in the  name  and at the  address  of  such  party
appearing below.

If to the Company:            Orbittravel.com Corporation

                              1230 Peachtree Street

                              Suite   1900   Atlanta,    GA   30309   Telephone:
                              404-942-2500

If to the Holder:             Teakwood Ventures, LLC
                            276 5th Avenue--Suite 603

                               New York, NY 10001

with a copy to:               Paul C. Homsy, Esq.
                              Zevnik Horton Guibord McGovern
                               Palmer & Fognani, L.L.P.
                              1330 Avenue of the Americas, 11th Floor

                               New York, NY 10019

Either  party may change the address to which  notices  shall be given by notice
pursuant to this Section 7.

     8. Arbitration. Any controversy or claim arising out of or relating to this
Warrant or breach thereof,  including  without  limitation claims against either
party, its affiliates employees,  professionals,  officers or directors shall be
settled by binding  arbitration  in  accordance  with the Rules of the  American
Arbitration Association. The arbitrator shall prepare an award in writing, which
shall include factual  findings and any legal  conclusions on which the decision
is based.  Judgment upon any award rendered by the  Arbitrator(s) may be entered
in any court having jurisdiction thereof. In any such proceeding, the prevailing
party shall be entitled,  in addition to any other  relief  awarded or adjudged,
such sum as the Arbitrator(s) may fix as and for reasonable  attorneys' fees and
costs, and the same shall be included in the award and any judgment.

     9.  Governing  Law.  This  Warrant  shall be governed by and  construed  in
accordance with the internal laws of the State of New York.

                     [remainder of this page intentionally left blank]

                                       54

<PAGE>

      IN WITNESS WHEREOF,  the Company has executed this Warrant effective as of
      October 27, 2000.

ORBITTRAVEL.COM CORPORATION
                                    (a Delaware corporation)

By: /s/ Joseph Cellura

                                     [HOLDER] TEAKWOOD VENTURES, LLC

                                     By: /s/ Aditha Reksono

          [SIGNATURE PAGE TO WARRANT TO PURCHASE COMMON STOCK]

                                       55

<PAGE>

EXHIBIT A (TO WARRANT)

                                FORM OF EXERCISE

               (To be executed only upon exercise of Warrant)

To: Orbitravel.Com Corporation

      Re:  Warrant To Purchase Common Stock of Orbittravel.Com Corporation

The undersigned holder of the within Warrant hereby  irrevocably  exercises such
Warrant for, and purchases thereunder,  _____* shares of Common Stock of As Seen
In Company,  and requests that the certificates for such shares be issued in the
name of, and delivered to __________ whose address is:

                                Very truly yours,

                              By_______________________________________

*Insert here the number of shares called for on the face of this Warrant (or, in
the case of a partial exercise,  the portion thereof as to which this Warrant is
being  exercised),  in either case without  making any adjustment for additional
Common Stock which,  pursuant to the adjustment  provisions of this Warrant, may
be delivered upon exercise.  In the case of a partial exercise, a new Warrant or
Warrants will be issued and delivered,  representing the unexercised  portion of
this Warrant to the holder surrendering the same.

                                       56

<PAGE>

                                    EXHIBIT C

                               SECURITY AGREEMENT

     THIS SECURITY AGREEMENT,  FINANCING STATEMENT AND ASSIGNMENT (the "SECURITY
AGREEMENT"),  dated as of October 27, 2000, from OrbitTRAVEL.com  Corporation, a
Delaware  corporation,  (the "Company" or the  "Grantor") to Teakwood  Ventures,
LLC, a Delaware limited  liability  company (the "Secured  Party").  Capitalized
terms  used  herein  without  definition  shall  have  the  respective  meanings
specified in the Secured Revolving Credit Agreement (hereinafter defined).

                                  R E C I T A L S

     WHEREAS,  the  Grantor  is party to a  separate  Secured  Revolving  Credit
Agreement  (the "Credit  Agreement"),  dated as of October  ___,  2000 among the
Grantor and  Security  Agreement,  pursuant to which the Grantor  will issue its
Secured Revolving Credit Note to the Security Agreement; and

     WHEREAS,  the Grantor is obligated to execute this Security Agreement under
the Credit Agreement; and

     WHEREAS,  all things necessary to make this Security  Agreement a valid and
binding obligation of the Grantor have been done;

     NOW  THEREFORE,  in  consideration  of the mutual  promises,  covenants and
agreements hereafter set forth, and other good and valuable  consideration,  the
receipt and  sufficiency  of which are hereby  acknowledged,  the parties hereto
hereby agree as follows:

     IN ORDER TO SECURE (a) the due, punctual and full payment by the Grantor of
the  principal of, and premium,  if any, and interest on, the Secured  Revolving
Credit Note, whether at maturity or by prepayment, acceleration,  declaration of
default  or  otherwise,  as and when the same shall  become  due and  payable in
accordance  with the terms  thereof and of the Credit  Agreement,  (b) all other
sums  (including,  without  limitation,  amounts  payable  as damages in case of
default) due and payable by the Grantor to or for the benefit of the as and when
the same shall become due and payable in accordance with the terms thereof,  and
(c) the due, prompt and faithful  performance of, and compliance with, all other
obligations,  covenants,  terms,  conditions  and  undertakings  of the  Grantor
contained in each agreement of Grantor with Secured Party in accordance with the
terms  thereof  (all  of  the  foregoing  being  referred  to  as  the  "Secured
Obligations");

     THE GRANTOR DOES HEREBY (i) grant, bargain, sell, warrant,  pledge, assign,
mortgage,  hypothecate,  transfer, convey and grant to the Secured Party, and to
their  respective  successors  and assigns,  a mortgage  interest and a security
interest  in  the  following   property  of  the  Company   (collectively,   the
"Collateral"):

     (a) All accounts  receivable,  instruments,  documents  and chattel  paper,
including,  without  limitation,  all  accounts  created by or arising  from the
rendering of services by Company to its

                                       57

<PAGE>

customers  and all  accounts  arising  from sales or  rendering  of  services by
Company made under any trade name or style,  guaranties or collateral for any of
the foregoing, insurance policies or rights relating to any of the foregoing and
cash  and  non-cash  proceeds  of any and all the  foregoing;  and all  contract
rights, tax refunds, insurance proceeds, patent rights, trademarks,  copyrights,
trade names, good will,  registrations,  license rights,  rights in intellectual
property,  licenses,  permits,  corporate and other business records,  rights to
refunds or indemnification and all other intangible personal property of Company
of every kind and nature;

     (b) All other  properties  of Company,  wheresoever  situated or  howsoever
held,  real,  personal  or mixed,  tangible or  intangible,  whether now held or
hereafter acquired as if specifically enumerated herein;

     (c) All property, rights and interests nor or hereafter acquired by Company
for use in connection with the operation or maintenance of its business;

     (d) All  contracts  now in effect or hereafter  entered into by the Company
for the sale, purchase, exchange or exploitation of any asset of the Company;

     (e)  Whatever  is received  upon the sale,  exchange,  collection  or other
disposition of the foregoing and insurance  payable or damages or other payments
by  reason  of loss or  damage  to the  foregoing,  and all  additions  thereto,
substitutions and replacements thereof or accessions thereto (collectively,  the
"Proceeds").

     TO HAVE AND TO HOLD the above-mentioned  Collateral unto the Secured Party,
with power of sale, IN TRUST NEVERTHELESS, upon the terms, conditions and trusts
set forth herein,  for the equal and ratable benefit and security of all present
and future holders of any Secured Revolving Credit Note.

                       ARTICLE 1. REMEDIES AND ENFORCEMENT

     1.1. Action to be Taken by Secured Party.  The Secured Party will take such
action  with  respect to the  enforcement  of its  remedies  as a secured  party
hereunder as determined in its sole discretion.

     1.2.  Remedies  in Case of an Event of Default.  In case the Company  shall
have  failed to pay  Secured  Party  amounts  as and when due  under the  Credit
Agreement  or breached  the Credit  Agreement in any way (an "Event of Default")
and such failure shall be continuing:

     (a) The Secured Party may, as assignee of the Company of the Collateral, in
its own name or, at its sole option, in the name of the Company, exercise any or
all of the rights, privileges of, and pursue any or all of the remedies accorded
to, the Company  thereunder and may exclude the Company and all persons claiming
by, through or under the Company wholly or partly therefrom,  including, without
limitation,  the right to ask for,  demand,  take,  collect,  sue for,  receive,
compromise  and settle all  payments  in  respect  of the  Collateral  which the
Company,  except for the execution hereof, could ask for, demand, take, collect,
sue for,  receive,  compromise and settle all for its own use, and in connection
therewith to enforce all rights and remedies  thereunder which the Company could
enforce if this  Security  Agreement had not been made;  and the Company  hereby
ratifies any action which the Secured  Party shall take to enforce  their rights
hereunder; and

     (b) The  Secured  Party  without  demand of  performance  or other  demand,
advertisement  or notice of any kind (except the notice  specified below of time
and place of public

                                       58

<PAGE>

or private  sale) to or upon the  Company or any other  Person  (all and each of
which demands,  advertisements  and/or notices are hereby expressly waived), may
forthwith  collect,   recover,   receive,   appropriate  and  realize  upon  the
Collateral,  or any part thereof,  and/or may forthwith  sell,  assign,  give an
option or options to  purchase,  contract  to sell or  otherwise  dispose of and
deliver the Collateral, or any part thereof, in one or more parcels at public or
private sale or sales, at any exchange,  broker's board or at any of the Secured
Party's  offices or elsewhere  upon such terms and  conditions  as they may deem
advisable and at such prices as they may deem best, for cash or on credit or for
future  delivery  without  assumption  of any credit  risk.  The Company  hereby
acknowledges  that the  Collateral is of a type that could  decline  speedily in
value and is also of a type  customarily  sold on a recognized  market,  in each
case within the meaning of Section  9-504 of the Uniform  commercial  Code as in
effect in any applicable jurisdiction,  and that the Secured Party need not give
any notice to the Company  prior to any sale of the  Collateral at any exchange,
broker's  board  or  in  any  other  recognized  market.  Without  limiting  the
foregoing,  the Company  agrees  that the Secured  Party need not give more than
five days'  notice of the time and place of any public sale or of the time after
which a private  sale or other  intended  disposition  is to take place and that
such notice is reasonable  notification of such matters. No notification need be
given to the  Company  if it has signed  after an Event of  Default a  statement
renouncing  or modifying  any right to  notification  of sale or other  intended
disposition.  In  addition  to the  rights  and  remedies  granted to it in this
Security Agreement and in any other instrument or agreement securing, evidencing
or relating to any of the Secured Obligations,  the Secured Party shall have all
the rights and  remedies of a secured  party under the Uniform  Commercial  Code
applicable in any jurisdiction,  including,  without limitation, in the State of
New York.

     1.3.  Application of Moneys by Secured Party. All amounts held or collected
by the Secured Party as part of the Collateral  (including,  without limitation,
all  amounts  realized as a result of the  exercise  of any rights and  remedies
hereunder)  following the  occurrence  and  continuance  of any Event of Default
shall be applied forthwith by the Secured Party as follows:

     FIRST:  to  the  payment  of  all  costs  and  expenses  of  such  exercise
(including,  without limitation, the cost of evidence of title and the costs and
expenses,  if any, of taking  possession of,  retaining  custody over repairing,
maintaining  and preserving the Collateral or any part thereof,  or any interest
therein prior to such  exercise),  all costs and expenses of any receiver of the
Collateral  or any  part  thereof,  or  any  interest  therein  and  any  taxes,
assessments or charges, prior to the lien of this Security Agreement,  which the
Secured Party may consider it necessary or desirable to pay;

     SECOND:  to the  payment  of the  accrued  and unpaid  interest  (including
interest on unpaid  principal  and, to the extent  permitted by applicable  law,
unpaid  interest) of the Secured  Revolving  Credit Note in accordance  with the
provisions of the Credit Agreement and the Secured Revolving Credit Note;

     THIRD: to the payment of the outstanding principal of, and premium, if any,
on the Secured  Revolving  Credit Note in accordance  with the provisions of the
Credit Agreement and the Secured Revolving Credit Note;

     FOURTH: to the payment of all amounts due and to become due on, under or in
respect of all Secured  Obligations for which moneys have not  theretofore  been
applied  by  the  Secured  Party;  provided,   that  if  such  moneys  shall  be
insufficient  to pay all such  amounts  in  full,  such  payments  shall be made
ratably to each person entitled thereto in the proportion that such payments due
and to become due on,  under or in respect of all  Secured  Obligations  held by
such person bears to the aggregate amount of all such payments due and to become
due on all Secured Obligations, without discrimination or preference; and

                                       59

<PAGE>

     FIFTH:  to the  payment  of the  remainder,  if any,  to the  Company,  its
successors or assigns,  or to whomsoever may be lawfully entitled to receive the
same, or as a court of competent jurisdiction may determine.

     1.4 Secured  Party's  Appointment as  Attorney-in-Fact.  Effective upon the
occurrence  and  continuance  of  an  Event  of  Default,   the  Company  hereby
irrevocably  constitutes and appoints the Secured Party and any officer or agent
of the  Secured  Party,  with  full  power  of  substitution,  as the  Company's
attorneys-in-fact,  with full  irrevocable  power and authority in the place and
stead of the Company and in the name of the  Company or  otherwise  from time to
time in the Security Agreement's discretion, to execute and deliver all bills of
sale,  assignments  or  other  instruments  which  the  Secured  Party  may deem
necessary or advisable to effectuate any sale, transfer,  assignment or delivery
in  exercise  of  any  or all of the  remedies  hereunder  whether  pursuant  to
foreclosure  or power of sale or  otherwise,  and to take any  other  action  to
accomplish the purposes of this Security Agreement, to ask, demand, collect, sue
for, recover,  compound, receive and give acquittance and receipt for monies due
and to become  due  under or in  connection  with the  Collateral,  to  receive,
endorse,  and collect  any drafts or other  instruments,  documents  and chattel
paper  in  connection  therewith,  to file any  claims  or take  any  action  or
institute  any  proceedings  which the Secured Party may deem to be necessary or
desirable  for  the  collection  thereof,   the  Company  hereby  ratifying  and
confirming all that such attorney or any substitute  shall lawfully do by virtue
hereof.  This power of attorney is a power coupled with an interest and shall be
irrevocable.  Nevertheless,  if  so  requested  by  the  Secured  Party  or  any
purchaser,  the Company  shall  ratify and  confirm  any such sale,  assignment,
transfer or delivery by executing  and  delivering  to the Secured Party or such
purchaser all bills of sale, assignments,  releases and other proper instruments
to effect such  ratification  and  confirmation as may be designated in any such
request.

     1.4.1.  Financing  Statements.  The  Company  shall  execute and deliver to
Teakwood such  Financing  Statements  pursuant to the  appropriate  statutes for
filing in the  appropriate  offices  in the  States of New York  and/or  Montana
and/or  elsewhere  if and to the  extent  reasonably  required,  and  any  other
documents or instruments as are required to convey to Teakwood a valid perfected
security  interest in the  collateral.  The  Company  agrees to perform all acts
which Teakwood may reasonably  request so as to enable Teakwood to maintain such
valid  perfected  security  interest  in the  collateral  in order to secure the
payment and  performance  of the  obligations.  Teakwood is authorized to file a
copy of any such Financing  Statements in any  jurisdiction(s)  in the States of
New York and/or Montana and/or elsewhere as it shall reasonably deem appropriate
in order to perfect such security  interest.  The Company hereby grants Teakwood
an irrevocable  Power of Attorney  coupled with an interest to sign on Company's
behalf any  Financing  Statement  and file them in such  locations,  as it deems
appropriate.

     1.5.  Secured Party May Enforce  Claims  Without  Possession  of Note.  All
rights of action and claims under this Security  Agreement may be prosecuted and
enforced  by the Secured  Party  without  the  possession  of any of the Secured
Revolving  Credit  Note or the  production  thereof in any  proceeding  relating
thereto,  and any such  proceeding  instituted  by the  Secured  Party  shall be
brought in their own name as Secured Party of an express trust.

     1.6. Remedies Cumulative and Continuing. Each right, power and remedy given
by this Security  Agreement to the Secured Party shall be deemed  cumulative and
concurrent  and not exclusive of any thereof or of any other rights,  powers and
remedies  available to the Secured Party now or hereafter  existing at law or in
equity or by statute or otherwise to enforce the  performance  or  observance of
the covenants and agreements  contained in this Security Agreement,  and neither
the exercise or beginning of the exercise, nor the delay or omission of the

                                       60

<PAGE>

Secured  Party to  exercise,  any right or power  accruing  upon any  default as
aforesaid shall impair any such right,  power or remedy.  Every right, power and
remedy given by this  Security  Agreement or by law to the Secured  Party may be
exercised from time to time, and as often as shall be deemed  expedient,  by the
Secured Party.

     1.7.  Restoration  of  Rights  and  Remedies.  If  the  Secured  Party  has
instituted  any  proceeding  to enforce any right or remedy under this  Security
Agreement and such proceeding has been discontinued or abandoned for any reason,
or has been  determined  adversely to the Secured Party,  then and in every such
case the  Company,  and the  Secured  Party  shall  be  restored  severally  and
respectively to their former positions hereunder,  and thereafter all rights and
remedies of the Secured Party shall  continue as though no such  proceeding  had
been instituted.

     1.8. No Waiver,  etc. by Secured Party.  No failure by the Lender to insist
upon the strict  performance of any term hereof or to exercise any right,  power
or remedy  consequent upon a breach hereof shall constitute a waiver of any such
breach or any such  term.  No waiver of any  breach  shall  affect or alter this
Security  Agreement,  which shall continue in full force and effect with respect
to any other then existing or subsequent breach.

     1.9.  Purchase of Collateral by the Secured Party. The Secured Party may be
a purchaser of the Collateral or of any part thereof or any interest  therein at
any sale thereof,  whether pursuant to foreclosure or power of sale or otherwise
hereunder, and may apply upon the purchase price the indebtedness secured hereby
owing to such purchaser, to the extent of such purchaser's distributive share of
the purchase price.  Any such purchaser shall,  upon any such purchase,  acquire
good title to the  properties  so  purchased,  free of the lien of this Security
Agreement and free, to the extent  permitted by applicable law, of all rights of
equity or redemption in the Company,  which right of equity and  redemption  the
Company hereby expressly  waives and releases,  and the Company hereby covenants
to warrant and defend the title of such purchaser.

     1.10.  Receipt a Sufficient  Discharge to  Purchaser.  Upon any sale of the
Collateral  or any part thereof or any  interest  therein,  whether  pursuant to
foreclosure or power of sale or otherwise hereunder,  the receipt of the officer
making the sale under  judicial  proceedings  or of the  Secured  Party shall be
sufficient discharge to the purchaser for the purchase money, and such purchaser
shall not be obliged to see to the application thereof.

     1.11.  Waiver of Appraisement,  Valuation.  etc. The Company hereby waives:
(i) to the full extent it may  lawfully do so, the benefit of all  appraisement,
valuation,  stay, extension,  moratorium and redemption laws now or hereafter in
force and all rights of  marshalling  in the event of any sale of the Collateral
or any part thereof or any interest therein.

     1.12.  Sale a Bar Against the Company.  Any sale of the  Collateral  or any
part thereof or any interest  therein,  whether pursuant to foreclosure or power
of sale or otherwise  hereunder,  shall  forever be a perpetual  bar against the
Company to assert any claim of ownership to the  Collateral  or any part thereof
or any interest therein.

     1.13.  Appointment of Receiver.  If an Event of Default shall have occurred
and be  continuing,  the Secured  Party shall,  as a matter of right and without
notice to the Company or any person  claiming by,  through or under the Company,
and without  regard to the then value of the  Collateral  or the interest of the
Company  therein,  be entitled to the  appointment of a receiver or receivers of
the  Collateral,  whether such  receivership be incidental to a proposed sale of
the Collateral or otherwise and the Company hereby irrevocably  consents to such
appointment and will not oppose such appointment.

                                       61

<PAGE>

     1.14.  Possession,  Management  and  Income of  Collateral.  If an Event of
Default  shall have  occurred  and be  continuing,  the Secured  Party,  without
notice,  may enter upon any premises at which the Collateral or any part thereof
shall be located and take  possession  of the  Collateral or any part thereof by
force, summary  proceedings,  ejectments or otherwise and may remove the Company
and all other Persons and any and all property therefrom, and may hold, operate,
maintain, repair, preserve and manage the same and receive all earnings, income,
rents,  issues and proceeds  accruing with respect  thereto or any part thereof.
The  Secured  Party  shall be under no  liability  for or by  reason of any such
taking of possession, entry, removal or holding, operation or management, except
that any amounts so  received  by the Secured  Party shall be applied to pay all
costs  and  expenses  of  so  entering  upon,  taking  possession  of,  holding,
operating, maintaining, repairing, preserving and managing the Collateral or any
part thereof,  and any taxes,  assessments or other charges prior to the lien of
this  Security  Agreement  which the Secured  Party may consider it necessary or
desirable to pay,  and any balance of such amounts  shall be applied as provided
in Article 1.3.

     1.15. Right of Secured Party to Perform  Company's  Covenants,  etc. If the
Company  fails to make any  payment or to perform any  agreement  required to be
made or performed hereunder, the Secured Party may (but shall not be obliged to)
at any time thereafter make such payment or perform such agreement, or otherwise
cause performance or compliance  thereof,  for the account and at the expense of
the Company,  and take possession of the Collateral or any part thereof for such
purpose  and take all such  action  thereon  as, in the,  opinion of the Secured
Party may be necessary or  appropriate  therefor.  The Secured  Party shall give
prompt  written  notice  to the  Company  of any  action  taken by the  Security
Agreement  pursuant to the preceding  sentence.  All sums so paid by the Secured
Party and all costs and expenses (including, without limitation, attorneys' fees
and expenses) so incurred,  together with interest,  from the date of payment or
incurring, on such amounts at a rate of interest per annum equal to the interest
on the Secured Revolving Credit Note, shall constitute  additional  indebtedness
secured  by this  Security  Agreement  and shall be paid by the  Company  to the
Secured Party on demand.

     1.16. No Assumption of Obligations by Secured Party.  The rights and powers
conferred on the Secured Party hereunder are solely to protect their interest in
the  Collateral  and shall not  impose  any duty on the  Security  Agreement  to
exercise  such  rights or powers.  Neither  the pledge  of,  and  granting  of a
security  interest in, the  Collateral nor any action or inaction on the part of
the Secured Party hereunder or under any of the other Operative Agreements shall
release the Company  from any of its  obligations  hereunder or under any of the
other Operative Agreements,  or constitute an assumption of any such obligations
on the part of the Secured  Party,  or cause the Secured Party to become subject
to any obligation or liability to the Company.

     1.17. Provisions Subject to Applicable Law; All rights, powers and remedies
provided in this Security Agreement may be exercised only to the extent that the
exercise  thereof  does not violate  any  applicable  provisions  of law and are
intended to be limited to the extent necessary so that they will not render this
Security  Agreement  invalid,  unenforceable  or not  entitled  to be  recorded,
registered or filed under the provisions of any applicable law.

     1.18.  Release,  etc.  Upon  receipt  by  the  Secured  Party  of  evidence
satisfactory  to them of the payment in full of the  principal  and premium,  if
any, and interest on the Secured  Revolving  Credit Note in accordance  with the
terms  thereof,  and the  payment of all other  amounts  secured  hereby and the
performance of all other covenants and agreements secured hereby,  this Security
Agreement  shall  terminate and the Secured Party, at the request and expense of
the  Company,  will  execute and deliver to the Company a proper  instrument  or
instruments  acknowledging  the  satisfaction  and  termination of this Security
Agreement, and will duly assign, transfer and deliver

                                       62

<PAGE>

to the Company or its designee all of the rights,  properties  and monies at the
time held by the Secured Party hereunder.

     1.19. Additional Security.  Without notice to or consent of the Company and
without  impairment of the security interest and rights granted pursuant to this
Security  Agreement,  the Secured  Party may accept from the Company or from any
other  person or  persons,  additional  security  for the  Secured  Obligations.
Neither the giving of this  Security  Agreement  nor the  acceptance of any such
additional  security shall prevent the Secured Party from  resorting,  first, to
such additional  security,  or, first, to the security  created by this Security
Agreement,  in either  case  without  affecting  the  Secured  Party's  security
interest and rights granted pursuant to this Security Agreement.

                            ARTICLE 2. MISCELLANEOUS

     2.1. Notices;  Further  Information.  All notices and other  communications
hereunder  shall be in writing and shall be delivered by hand, by telecopy or by
first class mail,  postage  prepaid,  addressed at the address for such party as
set forth in the Credit Agreement.

     2.2.  WAIVER OF JURY TRIAL.  EACH OF THE  PARTIES  HERETO  IRREVOCABLY  AND
UNCONDITIONALLY  WAIVES  THE  RIGHT TO TRIAL BY JURY IN ANY  LEGAL OR  EQUITABLE
ACTION, SUIT OR PROCEEDING ARISING OUT OF OR RELATING TO THIS SECURITY AGREEMENT
OR ANY OF THE OTHER OPERATIVE OR ANY TRANSACTION  CONTEMPIATED HEREBY OR THEREBY
OR THE SUBJECT MATTER OF ANY OF THE FOREGOING.

     2.3.  Severability.  Any  provision  of this  Security  Agreement  which is
prohibited or unenforceable in any jurisdiction  shall, as to such jurisdiction,
be ineffective to the extent of such  prohibition  or  unenforceability  without
invalidating  the  remaining  provisions  hereof,  and any such  prohibition  or
unenforceability   in  any   jurisdiction   shall  not   invalidate   or  render
unenforceable  such  provision  in  any  other  jurisdiction.   There  shall  be
substituted for any such provision so rendered ineffective a provision which, as
far as legally possible, most nearly reflects the intent of the parties hereto.

     2.4. Counterparts. This Security Agreement may be executed in any number of
counterparts,  each of which  shall be an  original,  but all of which  together
shall constitute one instrument, and all of which are identical.

     2.5.  Table of  Contents;  Headings.  The table of contents and the section
headings in this Security Agreement are for purposes of reference only and shall
not limit or define the meaning hereof.

     2.6.  Amendments.  Any  term of this  Security  Agreement  may be  amended,
changed,  waived,  discharged  or  terminated  only by an  instrument in writing
signed by the Company, and the Security Agreement.

     2.7. Successors and Assigns.  This Security Agreement shall be binding upon
the Company and its respective  successors and assigns and all persons  claiming
by,  through or under the  Company or any such  successor  or assign,  and shall
inure to the benefit of and be enforceable by the Secured Party.

                                       63

<PAGE>

     2.8. Further Assurances.  The Company agrees that at any time and from time
to time,  at the expense of the  Company,  the Company  will  promptly  execute,
acknowledge,  file,  deliver,  record  and  publish  all  such  supplements  and
amendments hereto and all such financing  statements,  continuation  statements,
instruments of further assurance and all such further certificates,  instruments
and documents,  and take all such further action,  as may be required by law, or
as may be  necessary  or  desirable,  or that the Secured  Party in order to (a)
grant more  effectively  all or any portion of the  Collateral,  (b) maintain or
preserve the lien of this Security  Agreement,  (c) preserve and defend title to
the  Collateral  and the rights of the Secured  Party  against  any person,  (d)
perfect and protect any  security  interest  granted or  purported to be granted
hereby or to enable the  Secured  Party to  exercise  and enforce its rights and
remedies  hereunder,  and (e) carry out more  effectively  the  purposes of this
Security Agreement.

     2.9.  Governing  Law.  THIS  SECURITY  AGREEMENT  SHALL IN ALL  RESPECTS BE
GOVERNED BY, AND  CONSTRUED  IN  ACCORDANCE  WITH,  THE LAWS OF THE STATE OF NEW
YORK,  INCLUDING ALL. MATTERS OF CONSTRUCTION,  VALIDITY AND PERFORMANCE  EXCEPT
WITH RESPECT TO MANDATORILY APPLICABLE PROVISIONS OF THE LAWS OF ANY STATE WHERE
ANY  PORTION  OF THE  COLLATERAL  IS  LOCATED,  INSOFAR  AS THEY  RELATE  TO THE
ENFORCEMENT OF RIGHTS AND REMEDIES IN RESPECT OF SUCH COLLATERAL.

     IN WITNESS WHEREOF,  the parties have caused this Security  Agreement to be
executed and delivered by their respective officers thereunto duly authorized as
of the date first above written.

ORBITTRAVEL.COM CORPORATION

By /s/ Joseph Cellura

TEAKWOOD VENTURES, LLC

By /s/  Aditha Reksono

                                       64

<PAGE>

EXHIBIT D

                                Existing Defaults

                                    (omitted)

                                       65

<PAGE>

EXHIBIT E

                           Proposals and Negotiations

                                    (omitted)

                                       66

<PAGE>

             SCHEDULE TO SECTION 3(F)(21)

                               Budget for 355,000

                                    (omitted)

                                       67

<PAGE>

<PAGE>

EXHIBIT 6[B]

                                  CAPITALIZATION SCHEDULE

                                         (omitted)

                                       68

<PAGE>

SCHEDULE 6[D]

                            Litigation, Claims, etc.

                                    (omitted)

                                       69

<PAGE>

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