Document:

Exhibit 10.2

                              CONSULTING AGREEMENT

DATE:                         December 21, 2001

COMPANY:                      Laidlaw Global Corporation
                              100 Park Avenue
                              New York, NY 10017

CONSULTANT:                   David N. Bottoms Jr.
                              Suite 12C
                              30 Wall Street
                              New York, NY 10005

                                    RECITALS

     A. The Company is engaged in the business of providing, among other
services, investment management advice and services to various clients including
clients.

     B. Consultant has considerable experience and ability in Company's
business.

     C. The Company desires to retain Consultant as an independent contractor to
assist it from time-to-time in furtherance of its business and Consultant is
willing to provide such services to the Company on the terms herein contained.

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

                              TERMS AND CONDITIONS

1. DEFINITIONS:

     1.1. "Confidential Information": Is defined in Paragraph 8 herein.

     1.2. "Year One": Shall mean the first year of the term of this Agreement
commencing January 1, 2002 and ending December 31, 2002.

     1.3. "Year Two": Shall mean the first year of the term of this Agreement
commencing January 1, 2003 and ending December 31, 2003.

     1.4. "Year Three": Shall mean the first year of the term of this Agreement
commencing January 1, 2004 and ending December 31, 2004.

     1.5. "Effective Date": January 1, 2002.

     1.6. "Year One Consulting Fee": One Hundred Thousand ($100,000) Dollars
payable as stated in subparagraph 5.1.

     1.7. "Year Two Consulting Fee": One Hundred Thousand ($100,000) Dollars
payable as stated in subparagraph 5.2.

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     1.8. "Year Three Consulting Fee": One Hundred Thousand ($100,000) Dollars
payable according to the conditions stated in subparagraph 5.3 herein.

2. ENGAGEMENT: Company hereby engages Consultant as an independent contractor to
render the services described herein to Company and Consultant accepts the
engagement subject to the terms contained herein.

3. TERM: The "Term" of this Agreement shall begin on the Effective Date and
shall continue until December 31, 2004.

4. SERVICES:

     4.1. Consultant shall perform the services specified in this Paragraph 4
subject to the terms of this Agreement and such other rules and policies as
Company may from time to time direct, so long as same do not increase the
obligations of Consultant hereunder.

     4.2. Consultant shall use his expertise to assist Company in structuring,
operating and growing its invesment management services business.

     4.3. Consultant shall advise Company on Company's business when requested
by Company, subject to his availability.

          4.3.1. Company acknowledges the unique skills of Consultant and the
significant demands on his time required by other business interests that may or
may not be of a competitive nature with Company. Notwithstanding such
limitations, Company believes the value of the relationship is important to the
development of Company's interests.

          4.3.2. In no event shall Consultant's failure to render services be
deemed a breach of Consultant's obligations hereunder.

5. CONSULTANT'S COMPENSATION: In full consideration for all services to be
rendered by Consultant to Company, Company agrees to pay and Consultant agrees
to accept the following, subject to the terms of this Agreement. All payments
shall be made on the due dates by Check payable to order of Consultant, or if
requested by Consultant by wire transfer to Consultant's account.

     5.1. Year One Consulting Fee: Company shall pay to Consultant the Year One
Consulting Fee, in four equal quarterly installments on or before March 31, June
30, September 30 and December 31 of Year One.

     5.2. Year Two Consulting Fee: Company shall pay to Consultant the Year Two
Consulting Fee, in four equal quarterly installments on or before March 31, June
30, September 30 and December 31 of Year Two.

     5.3. Year Three Consulting Fee: Company shall pay to Consultant the Year
Three Consulting Fee, in four equal quarterly installments on or before March
31, June 30, September 30 and December 31 of Year Three.

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     5.4. Expenses: Consultant shall bear all of its expenses including but not
limited to unemployment, disability or health insurance payments and social
security, income tax or other withholdings, deductions or payments which may be
required by Federal, State or Local law with respect to any sums paid to
Consultant hereunder.

     5.5. No Additional Participation: Consultant acknowledges and agrees that
this Consulting Agreement shall not give or extend to Consultant any rights with
respect to Company's payments to officers, directors and employees, including
contributions by Company to any deferred compensation plan, bonus plans or
fringe benefits not otherwise specified in this Agreement as payable to
Consultant.

6. DEATH OR DISABILITY BENEFIT; LIFE INSURANCE:

     6.1. If Consultant dies or is incapacitated during the term of this
Agreement the compensation provided for herein shall nevertheless be due and
payable to Consultant or his estate, in accordance with the payment schedule for
such amount fixed in Paragraph 5 above.

     6.2. Company shall have the right, during the Term hereof, to secure a life
insurance policy (or sequential yearly policies) upon Consultant to protect its
interest.

          6.2.1. Payment for such policy shall be the sole responsibility of the
Company.

          6.2.2. Consultant shall cooperate fully with Company in forwarding the
application for such policy. Failure of Consultant to so cooperate shall be
deemed an Event of Default under this Agreement.

7. NONCOMPETE CLAUSE: Nothing herein shall be deemed to prevent or restrict
Bottom from continuing to pursue his own independent activities whether or not
same may be deemed competitive with the services provided to or by Company.

8. CONFIDENTIAL INFORMATION:

     8.1. Except with the prior written consent of Company in each instance or
as may be necessary to allow Consultant to perform his services to Company,
Consultant shall not disclose, use, publish or in any other manner reveal,
directly or indirectly, at any time during or after his employment by Company,
any Confidential Information. The obligation of Consultant under this Paragraph
will survive the termination of engagement by Company.

          8.1.1. Consultant hereby agrees to disclose promptly to Company all
Confidential Information obtained or created by Consultant during his employment
by Company, which, upon its creation, shall be the sole property of Company.

     8.2. "Confidential Information" as used herein means all information
relating to:

          8.2.1. the names and business operations, personnel, activities,
marketing, advertising and financial affairs of and other non-public information
relating to clients, former clients and prospective clients of Company; and

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          8.2.2. all operations, systems, services, personnel, financial
affairs, advertising and promotion strategies, techniques, case histories and
marketing plans developed or used by Company in the course of its business.

9. ASSIGNMENT:

     9.1. The Company shall not voluntarily or by operation of law assign or
otherwise transfer the obligations incurred on its part pursuant to the terms of
this Agreement without the prior written consent of Consultant. Any attempted
assignment or transfer of its obligation without such consent shall be wholly
void. No assignment or transfer, even with the consent of Consultant, shall
relieve the Company of its obligations incurred pursuant to the terms of this
Agreement.

     9.2. The nature of Consultant's services hereunder are personal in nature
and Consultant shall not, without Company's prior written consent, assign or
transfer any of his obligations hereunder.

     9.3. Subject to the foregoing this Agreement shall inure to the benefit to
each of the parties, successors, transferees or assigns and shall be binding
upon each of the parties, successors, transferees or assigns.

10. DEFAULTS BY COMPANY:

     10.1. The occurrence of any one or more of the following events shall
constitute a material default and breach of this Agreement by the Company:

          10.1.1. Any failure by the Company to make the payments due pursuant
to Paragraph 5 herein, if such failure continues for fifteen (15) days after
receipt by the Company from Consultant or Consultant's authorized representative
of written notice thereof.

          10.1.2. The making by the Company or any guarantor of the Company's
obligations hereunder of any general assignment for the benefit of creditors;
the filing by or against them of a petition to have them adjudged a bankrupt or
a petition for reorganization or arrangement under any law relating to
bankruptcy (unless, in the case of a petition filed against them, the same is
dismissed within sixty (60) days);

          10.1.3. The appointment of a trustee or receiver to take possession of
substantially all of the Company's assets if such possession is not restored to
the Company within thirty (30) days; or the attachment, execution or other
judicial seizure of substantially all of the Company's assets if such seizure is
not discharged within thirty (30) days thereafter.

     10.2. In the event of a default by the Company as described in this
Paragraph 10, then in addition to any other remedies available to Consultant at
law or in equity, Consultant shall have the immediate option to declare the
entire balance of Consulting Fees to be made by Company pursuant to Paragraph 5
hereof immediately due and payable, in which event interest shall accrue on such
balance from and after the due date at the rate of seven (7%) percent per annum.
If any payment due the Consultant hereunder is not made, and if the matter is
referred to an attorney for collection, the Company agrees to pay all costs of
collection including, without limitation, reasonable attorneys' fees.

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11. Counsel. The Parties acknowledge that they have been represented by and have
relied on counsel of their own choosing in the negotiations and the preparation
of this Agreement and that they read this Agreement, have had its contents fully
explained to them by such counsel and are fully aware of and understand all of
its terms and legal consequences. It is acknowledged that the Parties, through
their respective counsel, mutually participated in the preparation of this
Agreement, and it is agreed that no provision of this Agreement will be
construed against any of the Parties by virtue of the activities of that party
or their respective attorneys.

12. Integration. This Agreement constitutes a single integrated written
agreement expressing the entire agreement and understanding between the Parties
concerning the subject matter hereof and supersedes and replaces all prior
negotiations or proposed agreements, written or oral.

13. Express & Implied Promises. The Parties acknowledge that no other party, or
any agent or attorney of any other party, has made any promise, representation
or warranty whatsoever, express or implied, not contained herein concerning the
subject matter hereof, to induce them to execute this Agreement, and acknowledge
that they have not executed this instrument in reliance on any such promise,
representation or warranty not contained herein, and further acknowledge that
there are no other agreements or understandings between the Parties relating to
this Agreement that are not contained herein.

14. Non-Disclosure. No Party to this Agreement or any person acting for or on
their behalf, including their respective attorneys, shall directly or indirectly
reveal to any third party any of the terms or conditions of this Agreement, or
any fact or evidence connected hereto, or release any publicity or make any
public statement with respect thereto, except as may be required by law and or
disclosure obligations arising from the issuance of financing documentation or
the exercise of due diligence rights in connection therewith.

15. Additional Documents. The Parties agree that they will execute, or cause to
be executed, such other documents as may be necessary to carry out the purposes
of this Agreement. It is understood that should it develop that there are any
mistakes in this Agreement which would cause the release and discharge of any
party to be defective or less than complete, or if this Agreement is declared
unenforceable by a court or arbitrator, then the Parties will execute any and
all other documents and do any and all things necessary to effect full, final
and complete release of all claims or all possible claims in accordance with the
provisions set forth in this Agreement.

16. Arbitration.

     16.1. American Arbitration Association - Any dispute arising out of, in
connection with, or in relation to this agreement or the making of validity
thereof or its interpretation or any breach thereof shall be determined and
settled by arbitration in New York City by a sole arbitrator pursuant to the
rules and regulations then obtaining of the American Arbitration Association and
any award rendered therein shall be final and conclusive upon the parties, and a
judgment thereon may be entered in the highest court of the forum, state or
federal, having jurisdiction. The service of any notice, process, motion or
other document in connection with an arbitration award under this agreement or
for the enforcement of an arbitration award hereunder may be effectuated by
either personal service or by certified or registered mail to the respective
addresses provided herein.

     16.2. Submission to Jurisdiction - By execution and delivery of this
Agreement, the parties each respectively accept, for itself and its property,
generally and unconditionally, the jurisdiction of the aforesaid Arbitration
Tribunal, Courts and any related Appellate Court, irrevocably agrees to be bound
by any judgment rendered thereby and in connection with this Agreement, and

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irrevocably waive any objection either party may now or hereafter have as to the
venue of any such action or proceeding. Each party consents to the service of
process in the Arbitration or out of any of the aforementioned Courts by mailing
copies thereof by certified mail, postage prepaid, such service to become
effective three (3) business days after such mailing. Nothing herein shall
effect either party's right to service of process in any other manner prescribed
by law. Any judicial proceeding by either party against the other involving,
directly or indirectly, any matter, in any way arising out of, related or
connected with this Agreement shall be brought only in a Court located in the
City of New York.

17. Notices.

     17.1. Any notice to be given hereunder shall be sent by registered or
certified mail, return receipt requested, or telecopy to a facsimile number
provided by the respective party with a copy sent by regular mail, or by
delivering the same personally to the parties at the addresses first set forth
herein. Any party may designate a different address by notice so given. Copies
of all notices shall be sent to the parties as hereto named above and, in
addition:

     Copies of all notices shall be sent to:

                    Beckman, Millman, Barandes & Douglas, LLP
                           116 John Street, Suite 1313
                            New York, New York 10038
                           Attn: Robert Barandes, Esq.

     17.2. Any notice mailed or personally delivered as aforesaid shall be
deemed to have been given on the date of receipt; telecopies shall be deemed
received on the business day after being sent by telecopy.

18. Waiver. This Agreement may be waived, discharged or modified only by an
instrument in writing signed by the party against whom enforcement of any such
waiver, discharge or modification is sought.

19. Modification. This Agreement cannot be modified, altered, amended or
otherwise changed except by an agreement in writing signed by the parties
hereto.

     19.1. Severalability: The provisions of this Agreement are severable. To
the extent any provision, portion or extent of this Agreement is determined to
be invalid, illegal or otherwise unenforceable, then that provision, portion or
extent will be limited if possible and only thereafter severed if necessary. Any
such limitation or severing shall only be to the extent necessary to render the
Agreement valid and enforceable. The remaining provisions, portions and extent
of the Agreement will be enforced to give effect to the intention of the parties
insofar as possible.

20. Counterparts. This Agreement may be executed in counterparts, each of which
will be considered an original and all of which together will constitute one and
the same instrument. Copies delivered by facsimile shall be binding.

21. New York Law. This Agreement shall be governed by and construed in
accordance with the substantive law of the State of New York without regard to
choice of law principles.

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IN WITNESS HEREOF, the parties have signed this agreement as of the day and year
first set forth above.

Laidlaw Global Corporation                     David N. Bottoms, Jr.

By                                             By
  ------------------------------                 -------------------------------

                                    Page -7-Exhibit 10.3

                               THIRD SECURITY LLC
                               THE GOVERNOR TYLER
                               1902 DOWNEY STREET
                                Radford, VA 24141

                                                                December 3, 2001

Laidlaw Global Corp.
100 Park Avenue
New York, NY  10017

Attention: Roger Bendelac
           Chairman and Chief Executive Officer

Gentlemen:

     This letter of intent ("LOI") will serve as confirmation on the part of
Third Security, LLC ("TS" or "Investor") of its interest in investing in Laidlaw
Global Corp. ("LGC"), in the form of primary common equity as described herein.

1. Purchase of Shares: The final proposed investment will consist of an
investment by TS of $5,000,000 in consideration for the issuance by LGC of new
common shares, with demand registration rights, so that the fully diluted
(taking into account all outstanding warrants, options and convertible
securities) equity ownership of TS would represent 45% of the common shares of
LGC. TS shall have the option, in its sole discretion, to purchase additional
new common shares of LGC at the same per share purchase price so that the fully
diluted (taking into account all outstanding warrants, options and convertible
securities) equity ownership of TS would represent up to 51% of the common
shares of LGC. The final percentage of ownership within the 45% and 51% range
shall be within the sole discretion of TS and shall be set forth in a definitive
purchase agreement (the "Definitive Agreement") to be executed between LGC and
TS. All shares of common stock of LGC purchased by TS pursuant to this LOI shall
be referred to herein as (the "Purchased Shares").

2. Investment: The investment would be made in three parts. The first will be a
convertible loan (the "Loan") in the amount of $1,500,000 (the "Loan Amount")
with good funds delivered under the terms set forth below. Secondly, TS shall
have an option to purchase $1,000,000 of common stock of LGC at a valuation
equal to the anticipated valuation to be set forth in the Definitive Agreement,
as provided below. Lastly, the balance of the investment is deliverable on
closing of the Definitive Agreement to be executed prior to February 15, 2002,
or as soon thereafter as LGC can secure the necessary shareholder approval,
subject to the consent of TS to extend beyond February 15, 2002. This LOI shall
be binding upon delivery of the Loan Amount.

3. Terms: TS shall provide the Loan to LGC within one business day of the
execution hereof, under the following terms:

     a. The Loan would be evidenced by a convertible note (the "Convertible
Note") payable on the earlier of (i) 45 days (excluding in determining the 45
days the days from December 15 through December 31, inclusively) after delivery
of written notice from TS to LGC

<PAGE>

of its decision to abandon its right to acquire all of the Purchased Shares, or
(ii) April 1, 2003, secured by 100% of LGC's holding in H&R Acquisition Corp.,
an 81% subsidiary of LGC (the "H&R Stock"), payable, with accrued interest at 8
1/2% per annum.

     b. The Loan would be terminated and the outstanding Loan Amount will be
converted into Purchased Shares upon the earlier of (i) the closing of the
Definitive Agreement and (ii) completion of the purchase of the Initial Shares
(as defined below) to the extent that the full Loan Amount had been converted
into Purchased Shares.

     c. The initial Loan proceeds shall be used to liquidate the outstanding
obligation of LGC due Pacific USA Holdings Inc. ("PUSA") under the note in the
aggregate amount of US$1,450,000 currently consisting of US$1 million due PUSA
and the obligation to Chase, as Trustee under certain notes, of approximately
US$450,000. Any proceeds not so used, shall be available for any other proper
corporate purposes of LGC. LGC shall provide such reasonable assurances to TS to
provide that the funds are only used for such purposes. The parties agree that
direct payment to PUSA and Chase by TS of these obligations shall be deemed
delivery of the Convertible Note proceeds. PUSA and its counsel and LGC and its
counsel shall represent that there has not occurred an intervening event that
would serve to encumber the H&R Stock from the time of PUSA's acquisition of its
security interest in the H&R Stock and its release of that interest in favor of
TS, to which PUSA herby agrees, subject to payment by TS of the Loan Amount as
herein provided.

4. Option and Put:

     a. As part of the total investment contemplated hereby, LGC shall grant an
option (the "Option") to TS to purchase up to $1,000,000 of the Purchased Shares
(the "Option Shares") at a price fixed (with certain rights of adjustment) based
on the anticipated stock price for the Definitive Agreement. The price for the
Option Shares shall be adjusted in the event that the purchase price set forth
in the Definitive Agreement is lower than the price fixed for the acquisition of
the Option Shares.

     b. Contemporaneously with the delivery of the Loan Amount, TS shall
exercise the option to purchase $300,000 of the Option Shares .

     c. TS shall have the right to exercise the balance of the Option through
December 17, 2001.

     d. In the event that TS does not execute a Definitive Agreement, the
shareholders of LGC do not approve the issuance of the Purchased Shares to TS as
necessary or otherwise in the discretion of TS, TS may put all Option Shares to
LGC to be reacquired at the original purchase price paid by TS with such
reacquisition cost to be incorporated as part of and in addition to the Loan
Amount under the Convertible Note. Upon such incorporation, the entire amount of
the Convertible Note shall be secured by the H&R Stock.

5. Term/Delivery of Balance of Funding: TS and LGC shall negotiate, in good
faith, the terms of the Definitive Agreement pursuant to which TS shall acquire
the Purchased Shares for

<PAGE>

an aggregate investment of $5,000,000 plus such additional funds as shall be
necessary to pay for any additional shares that TS elects to purchase, so that
the fully diluted equity ownership of TS would represent 45% to 51% (based on
the total investment) of the common shares of LGC, with the amount as determined
by TS in its sole discretion. The Definitive Agreement shall grant TS demand
registration rights with respect to all the Purchased Shares.

6. Shareholder Approval: The parties acknowledge that the issuance of all
Purchased Shares that would be due TS upon delivery of the full investment is
subject to shareholder approval on the part of LGC. LGC agrees to use its best
efforts and to take all appropriate action to secure such approval as soon as
possible under applicable state corporate law, federal securities laws and stock
exchange rules. LGC further agrees, pending such approval, to issue as many
shares as may be issued without such approval (the "Initial Shares"), initially
in accordance with the terms of this LOI and the Convertible Note, and then in
accordance with the Definitive Agreement. The Initial Shares shall include the
Option Shares and as many additional Purchased Shares as may be issued without
receiving the approval of LGC's shareholders. The issuance of the Initial Shares
shall not affect the continuation of TS' security interest in the H&R Stock on
the balance of the Loan Amount as may be outstanding from time to time. LGC
further acknowledges that delivery of any portion of the funding is subject to
delivery of proof, acceptable to TS, that subsequent to issuance of the Initial
Shares, TS together with other shareholders committing to vote in favor of the
overall issuance of the Purchased Shares due hereunder, shall have sufficient
votes to approve such issuance under applicable law and stock exchange rules.

7. Due Diligence: The purchase of the Purchased Shares pursuant to the
Definitive Agreement is subject to due diligence review of LGC on the part of
TS, satisfactory to TS in its sole discretion, and to the parties entering into
legally binding agreements prior to the dates referred to herein. Investor shall
enter into a non-disclosure agreement, reasonably satisfactory to LGC and TS,
prior to the commencement of the due diligence. TS agrees to use its best
efforts to complete its due diligence review on or before December 31, 2001.

8. First Refusal: TS is hereby granted a first refusal right to match any third
party offer, on the same terms and conditions, to acquire common stock in LGC
from the company, where such offer has a proposed sale and closing at any time
prior to February 15, 2002 date. This right is to be exercised within five
business days of receipt of notice to match, with respect to any such offer.
LGC's ability to seek such third party financing is subject to the terms and
provisions of Paragraph 9.

9. Additional Funding: LGC shall not pursue any additional financing until the
earlier of (i) the date that TS has either exercised its Option to purchase the
additional $700,000 of Option Shares and (ii) December 17, 2001. In the event
that TS purchases all of the Option Shares, then LGC shall not pursue or obtain
any additional third party debt or equity financing without the consent of TS
until the earlier of (i) closing under the Definitive Agreement or (ii) delivery
of written notice from TS to LGC of its decision to abandon its right to acquire
all of the Purchased Stock.

<PAGE>

10. Due Diligence/Exclusivity: Until February 15, 2002 or the earlier delivery
of notice from TS of its intention to abandon its right to acquire the stock of
LGC as provided herein, TS will have the exclusive right to negotiate this
transaction and to complete its due diligence. Laidlaw agrees to terminate all
current negotiations and agrees not to enter into any other negotiations to
obtain financing during such term, unless permitted under Paragraph 9 and then
subject to the provisions of Paragraph 8 above.

11. Material Terms. The material terms of the Definitive Agreement are set forth
in this LOI. The parties agree to negotiate and execute the Definitive Agreement
in good faith, subject to the due diligence review of LGC by TS pursuant to
Paragraph 4. The parties agree to negotiate to execute the Definitive Agreement
expeditiously upon completion of the due diligence review by TS.

                            [SIGNATURE PAGE FOLLOWS]

<PAGE>

     If this proposal is acceptable to LGC, please so signify by executing and
delivering a signed copy of this letter together with funding the loan
obligation and it shall become a binding agreement between the parties. This
proposal shall terminate at the end of business on December 3, 2001, unless the
parties mutually agree, in writing, to extend the deadline.

                                               THIRD SECURITY, LLC

                                               By:------------------------------
                                                   Randal J. Kirk
                                                   Manager
Agreed and Accepted:

LAIDLAW GLOBAL CORP.

By:
   ------------------------------
    Roger Bendelac
    Chairman & Chief Executive Officer

Date:
     ----------------------------

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