Document:

D. R. Monroe and Associates

	 	 
	2969 Interstate Street	(704) 393-7591
	Charlotte, NC  28208 	(704) 391-0993 (Fax)
	 	drmonroe44@aol.com
	 
	August 10, 2004

	 
	Mr. Howard Wayland, Jr.
	Chairman
	AmStar Mortgage Corporation
	10851 Scarsdale Boulevard
	Suite 800
	Houston, TX 77089

Dear Mr. Wayland:

This letter agreement (“Agreement”) confirms the terms and conditions of our engagement by
AmStar Mortgage Corporation (“Amstar” or the “Company”) to render certain advisory
services to and assist in obtaining other required services for the Company.

We have received and reviewed your Business Plan Executive Summary and certain financial information.
We understand that AmStar is a Texas corporation, formed on October 12, 2002, actively engaged in
the business of originating commercial and mortgage loans and other lending services. Amstar has
entered into an agreement with Peoplesway.Com, Inc., a Nevada corporation (“Peoplesway”)
designed to promote the Amstar brand and mortgage services (the “Peoplesway Arrangement”).

As a part of the Peoplesway Arrangement, Amstar has agreed to use its reasonable best efforts to register
certain securities with the United States Securities & Exchange Commission under the Securities
Act of 1933, as amended. As a result, you require certain financial consulting services pertaining
to the market aspects of the intended transaction. To partially fulfill your obligations thereunder,
you have engaged us as consultants on the terms set forth herein.

You have engaged our services to obtain counsel to prepare or review substantially all the documentation
to be submitted to regulatory authorities and distributed to prospective investors, advise as to
compliance requirements, assist in the structure of the plan of corporate finance, and introduce
the Company to commercial and merchant banks, investment banks, private funds and other financiers,
all as may be necessary or appropriate.

Mr. Howard Wayland, Jr.

August 10, 2004

Page Two                

1.              Services.    The services to be performed shall be on a reasonable best efforts basis and may be briefly outlined as follows:

                a.        Obtain counsel for preparation and drafting of a registration statement to be filed with the United States Securities & Exchange Commission, certain state securities regulatory commissions, and documents necessary to obtain listing on an exchange or in a trading market;

                b.        Obtain counsel to help determine suitable corporate authorization, resolutions, minutes, and by-laws, including any necessary amendments, change of domicile or associated filings;

                c.        Obtain counsel to conduct due diligence, document review, document preparation, attendance at board and shareholder meetings, preparation of required shareholder notices and related corporate work necessary to effect the filing;

                d.        Obtain counsel to filing, review, preparation and/or submission of all exhibits required by Regulation S-B;

                e.        Obtain counsel to telephone conferences as needed with regulators, auditors, underwriters, consultants and management;

                f.        Obtain counsel to related and associated conferences, documents and other matters necessary to effect the filing.

                g.       Obtain counsel for possible letters of intent, placement agent agreements or similar requirements for ongoing corporate financing and/or investment banking relationships.

                h.       Obtain counsel for preparation of documents necessary for listing to the OTC Bulletin Board;

                i.        Obtain CUSIP numbers, documents necessary for listings in manuals with Standard & Poors;

                j.        Obtain CIK number and open Edgar account with the SEC;

                k.       Selection, assistance and application necessary to obtain a transfer agency agreement with a duly qualified transfer agent; 

                l.        Assistance in selection of company auditors, telephone consultation and document review, and related services necessary to procurement of an audit by a PCAOB certified auditor in compliance with Regulation S-X, including payment by us of the costs of an initial audit;

Mr. Howard Wayland, Jr.

August 10, 2004

Page Three

                m.       Introduction to broker/dealers, investor relations experts and other persons; and

                n.       Furnish such other advisory services necessary or appropriate to consummate the intended transaction, including obtaining counsel to review structure and bylaws of an audit committee sufficient to maintain Sarbanes-Oxley compliance.

2.             Appearances by Mr. Monroe.    We understand that Peoplesway will make D. R. Monroe, its Chairman, available for appearances and attendance at up to four (4) AmStar sponsored events during the first year of this Agreement. Mr. Monroe’s appearances are expected to include such events as lectures, seminars or meetings with prospects, joint venture arrangements, or communications to the investment community. We each agree that Mr. Monroe will be given at least 30 days advance notice and shall be subject to Mr. Monroe’s availability. You agree that all costs of travel (business class or better), accommodations (business class or better), meals and an unallocated per diem expense allowance of $250 per day will be paid by AmStar.

3.             Fees.    The Company agrees to pay for our services an advisory fee as follows:

                a.       An Advisory Fee of 200,000 shares of common stock, based on the Company’s proposed capitalization of 13,500,000 total common shares at the time of the filing of the registration statement payable upon execution of this agreement.

These fees will defray the costs of our services and the legal and accounting fees incurred in connection with the filing of a suitable registration statement as outlined in your Strategic Alliance Agreement with Peoplesway.com, Inc. You may incur other fees which are not included. Examples of such fees might be filing fees with the SEC or state blue sky authorities; initial or annual listings in approved manuals such as Standard & Poor’s; state filing fees or taxes for any changes in corporate structure; printing of stock certificates; fees payable to transfer agents; underwriting discounts, commissions or selling agent fees or expenses, or other fees to third parties, but not the cost of the initial audit.

4.             Expenses.    The Company agrees to reimburse me for all of its reasonable, documented out-of-pocket costs that may be reasonably incurred in the performance of our duties under this Agreement. Such expenses may include travel, accommodations, telephone, computer, courier and supplies. Except for exigent circumstances, I will seek your prior approval for all sums in excess of $250. All such fees, expenses and costs will be billed as incurred and are payable by the Company when invoiced. Upon expiration of the Agreement any unreimbursed fees and expenses will be immediately due and payable.

Mr. Howard Wayland, Jr.

August 10, 2004

Page Four

5.             Cooperation and Indemnification.   The Company agrees to cooperate fully in providing required documentation for due diligence, assist
in the preparation and review of required documentation, and response to regulatory comments. Management
must also be reasonably accessible from time to time for personal and telephone conferences. 

The adequacy and accuracy of representations concerning the financial condition of the Company, its
operations, management, properties and structure are the responsibility and representation of the
Company and its management. Any information furnished to us will be deemed to be full, accurate and
fair disclosure. In the event that any matter becomes untrue or misleading, even if it was true when
the representation was made, you will immediately bring the change of circumstances to our attention. In addition to the payment of fees and reimbursement of fees and expenses provided for above, the Company
agrees to indemnify us and our affiliates with regard to the matters contemplated herein.

6.             Matters Relating to Engagement.    The Company acknowledges that we shall act as an independent contractor, and any duties arising out
of its engagement hereunder shall be owed solely to the Company. The Company further acknowledges
that we may perform certain of the services described herein through one or more of its affiliates.

The Company recognizes and confirms that in performing its duties pursuant to this Agreement, we will
be using and relying on information furnished by the Company (the “Disclosures”), and shall
make its officers, directors, employees, independent accountants and legal counsel reasonably available
as needed from time to time. The Company insures that all Disclosures furnished shall be accurate
and complete in all material respects. If any Disclosure subsequently becomes materially inaccurate,
incomplete or misleading you will notify us promptly. 

7.             Governing Law.    This Agreement shall be governed by and construed in accordance with the laws of the State of North
Carolina without regard to the conflict of laws provisions thereof.

I must disclose to you that I am an officer and director for Peoplesway.Com, Inc. (“Peoplesway”)
and assisted in the structure of your intended strategic alliance agreement. This association could
be construed as a conflict of interest with our representation of you. 

Your signature below will indicate our disclosure of these potential conflicts of interest to you and
your waiver thereof. Notwithstanding this waiver, we represent and warrant to you that we have the
control and authority necessary to assure our independence in the rendering of services and to assure
compliance with all applicable ethical standards. 

Howard Wayland, Jr.

August 10, 2004

Page Five 

                 If you have any questions or comments regarding the contents of these disclosures, please feel free to ask us about these matters at your earliest convenience.

                 Please confirm that the foregoing correctly sets forth our agreement by signing below in the space provided and returning this Agreement to us. 

                 We look forward to working with you on this exciting engagement.

	Very truly yours,

	

	Donald R. Monroe

DRM/ej

AGREED TO AND ACCEPTED

AMSTAR MORTGAGE CORPORATION

 

By:____________________________

Name: Howard Wayland, Jr.

Title: ChairmanPEOPLESWAY.COM, INC.

	2969 Interstate Street 	 	(704) 393-7591
	Charlotte, NC 28208	 	 

	 	 	 
	 	June 7, 2004 	 

 

Mr. Howard Wayland, Jr.

Chairman

AmStar Mortgage Corporation

10851 Scarsdale Boulevard

Suite 800

Houston, TX 77089

	 	Re:  	Letter of Intent – Strategic Alliance 

Dear Howard:

Per our various conversations, we submit this Letter of Intent to memorialize our understandings and
agreements regarding a share exchange among you, AmStar Mortgage Corporation (“AmStar”),
a Texas corporation and Peoplesway.com, Inc., (“Peoplesway”), a Nevada Corporation. 

Background

By way of background, Peoplesway.Com, Inc. (“Peoplesway”) is a Nevada corporation that maintains
an Internet destination called “Peoplesway,” located at www.peoplesway.com. The Peoplesway
Web site offers goods and services for sale, including: cosmetics and beauty products, health supplements,
jewelry, specialty items, and flowers. Our products can be obtained directly through the
Web site, or by calling your customer service team members. The majority of our goods and services
are sold through approximately 4,000 independent contractors. Peoplesway is a reporting public company
that has registered its common stock under Section 12(g) of the Securities Exchange Act of 1934,
as amended. Our offices are at 2969 Interstate Street, Charlotte, NC 28208.

We understand that AmStar is a Texas corporation, formed on October 12, 2002. You are in the business
of providing primarily residential and some commercial mortgage services for prime and sub-prime
mortgage loans. AmStar has grown rapidly through its unique network of “net branch” offices.
These offices share common ownership with AmStar but preserve the independence and compensation sought
by its branch managers. You have focused on 

experienced management in the branches with centralized mortgage banking relationships and warehouse
lines of credit.

You have asked that we offer your mortgage services to our shareholders and independent contractors
through a strategic alliance that will effectively endorse your services. Per our conversations,
you will offer your mortgage services to our independent contractors at a rate discounted from your
usual low rates in exchange for the endorsement of Peoplesway on the terms set forth in this letter.

TERMS OF AGREEMENT

1.             Discounted Mortgage Fees to Peoplesway.   AmStar will offer a discount from its usual fees, in the form of discounted application or originations
fees to all independent contractors and affiliates of Peoplesway. A discount code denominated “Peoplesway”
or other suitable name shall be incorporated into loan applications or by other suitable means. The
discount shall be applied to the basic application and/or origination fees and regular charges will
apply for all other services. Each of the Peoplesway applications shall be given priority by your
staff in Houston.

2.             Promotion of Mortgage Services by Peoplesway.    Peoplesway agrees to promote the arrangement with AmStar to the present existing network of approximately
4,000 independent contractors and shall from time to time thereafter promote the arrangement to newly
added independent contractors. 

                a.             Website.    Peoplesway will note the arrangement on its website at www.peoplesway.com in a manner consistent with
the graphics, artistry, and functionality of its website, subject to paragraph 7 herein. 

                b.             Printed Materials and Media.    Peoplesway may also, from time to time, include printed materials, coupons, flyers or similar advertisements
provided by AmStar in routine mailings and shipments to its network of independent contractors. The
parties may reference their arrangement in public notices, required filings with governmental agencies,
and in advertisements, joint promotions, seminars and other media or venues. Advance notice and advance
copy will be provided, except when disclosure is required by law or is otherwise economically impractical.

3.             Payment.    In consideration of the services provided by Peoplesway, AmStar will pay to Peoplesway 500,000
Units, each Unit consisting of one share of AmStar unregistered common stock, ($0.0001 par value);
two Redeemable Convertible Class A Warrants, each exercisable for one share of common stock at an
exercise price of $2.00; and four Redeemable Convertible Class B Warrants, each exercisable for one
share of common stock at an exercise price of $4.00. The warrants shall be exercisable at all times
that a valid prospectus is in effect, but not more than two years from the date of the prospectus.
At the

time of issuance of the Warrants, AmStar will have issued and outstanding no more than 13,000,000 shares
of its common stock, nor other options, warrants or securities convertible into common stock. 

Upon effectiveness of the registration statement pertaining to the shares, Peoplesway will promptly
distribute the common stock or securities to its shareholders of record as of any date of its choosing
(after June 7, 2004) in proportion to their then current shareholdings in Peoplesway common stock.

Peoplesway will bear the costs of mailing or delivery (but not printing, registrar or transfer agent
costs) associated with distributing the common shares to its shareholders upon effectiveness of the
registration statement. 

4.             Registration of Peoplesway Payment.    AmStar shall use its reasonable best efforts to promptly register the securities issued to Peoplesway
by the filing of a registration statement by AmStar with the United States Securities & Exchange
Commission under the Securities Act of 1933, as amended. To the fullest extent permissible under
the applicable securities laws, the registration shall register the issuance of the Units, and all
underlying securities to Peoplesway shareholders and the subsequent resale of the securities by those
securities holders. 

The registration statement shall be at no cost to Peoplesway or its shareholders and AmStar shall be
solely responsible for the costs of filing, including without limitation all filing fees, legal and
accounting fees, stock certificate, recordation and registration, printing, state securities “blue
sky” compliance and other costs. AmStar will contemporaneously enter into a Consulting Agreement
which may address certain sharing of the costs and labor between the parties.

AmStar shall use its reasonable best efforts to obtain a listing on the NASDAQ Over-the-Counter Bulletin
Board (OTC BB) or similar recognized U.S. national exchange.

Peoplesway acknowledges the possibility that it may be deemed to be a “statutory underwriter”
within the meaning of Section 2(11) of the Securities Act. Peoplesway agrees that it will comply
with all prospectus delivery requirements that would apply to a statutory underwriter in connection
with the distribution of our shares to its shareholders. Further, Peoplesway and its distributees
will comply with all anti-manipulation rules of the SEC, including Regulation M. If a market for
the shares develops, these rules may apply to sales in the marketplace as well. 

Among other provisions, we have noted that Regulation M prohibits any person who participates in a
distribution from bidding for or purchasing any security which is the subject of the distribution
until the entire distribution is complete. It also prohibits purchases to stabilize the price of
a security in the distribution.

5.             Registration of Shares of Howard Wayland, Jr.    The parties agree that the AmStar registration statement may also register up to 500,000 shares
of common stock personally owned or controlled by AmStar’s Chairman, Howard Wayland, Jr. In
addition, 425,000 common shares or equivalent options may be gifted by Mr. Wayland to family and
key employees not later than June 25, 2004. The registration statement to be filed by AmStar may
include the 500,000 shares of Mr. Wayland and disclose Mr. Wayland as a selling securities holder. 

6.             Non-Dilution of Peoplesway Shares.    Except as noted in paragraph 8 below, AmStar shall not enter into any merger, consolidation
or other arrangement whereby the shares are subject to a reverse split for a period of 180 days from
the effectiveness of the registration statement, except on the following conditions:

		  a.	Upon written consent by duly authorized officials of Peoplesway; or
			 
		  b.	Upon the issuance of additional shares to Peoplesway in amounts sufficient to maintain the same proportional
holdings in the Company as combined as it held prior to the split.

7.             Intellectual Property.    This Letter of Intent is not intended to convey an interest in, or grant license to, either
party in the confidential information or intellectual property of the other. As a condition to the
closing of the transactions contemplated herein, each party agrees to enter into a suitable agreement
related to the use and protection of each other’s confidential information and/or intellectual
property consistent with the purposes of this Letter of Intent.

8.             Potential Acquisition.    AmStar has had held discussions with an intellectual property company (IPCO) about the potential
acquisition of IPCO. In order to retain that opportunity, Amstar may propose to acquire or option
IPCO prior to the completion of the transactions contemplated herein, subject however to the prior
approval of Peoplesway and counsel to both parties, which approval shall not be unreasonably withheld.
AmStar will not proceed with any such transaction to the extent the same may unreasonably interfere
with the purposes of this Letter of Intent.

We are excited about the opportunity for growth offered by this agreement. If you have any questions,
please do not hesitate to contact me. Otherwise, to confirm our understandings, kindly sign a copy
of this letter and return to me.

	Best personal regards,	 	 
	 	 	 
	 	 	 Very truly yours,
	 	 	PEOPLESWAY.COM, INC.
	 	 	 
	 	 	By: Donald R. (“Pete”) Monroe
	 	 	       Chairman
	 	 	 
	Agreed To:	 	 
	 	 	 
	AmStar Mortgage Corporation	 	 
	 	 	 
	 	 	 
	—————————————	 	 
	Howard Wayland, Jr.

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