Document:

STANDSTILL AGREEMENT

         THIS STANDSTILL  AGREEMENT,  made as of this 1st day of April, 2000, by
and between:

         ARCTURUS VENTURES, INC., a Nevada corporation with its principal office
located  at  77  Memorial  Highway,   Atlantic   Highlands,   New  Jersey  07716
(hereinafter "ISSUER")

                                       AND

         OLDE  MONMOUTH  CAPITAL  CORP.,  a  New  Jersey  corporation  with  its
principal office located at 77 Memorial Highway,  Atlantic Highlands, New Jersey
07716 (hereinafter "FOUNDER")

WITNESSETH THAT:

         WHEREAS,  OLDE MONMOUTH  CAPITAL CORP. is the founder of ISSUER,  which
has been organized as a "blank check" company as defined is SEC Rule 419;

         WHEREAS,  OLDE MONMOUTH CAPITAL CORP. desires to assure compliance with
SEC rules and  regulations  applicable  to Rule 419 blank  check  companies  and
thereby  assure  a  potential  target  company  that  following  its  merger  or
acquisition the NASD will be authorized to permit trading in the ISSUER's Common
Stock;

NOW, THEREFORE, intending to be legally bound and in consideration of the mutual
promises and covenants  contained herein intending the target Company as a third
party  beneficiary  hereof to rely upon this Standstill  Agreement,  the parties
agree as follows:

1.  FOUNDER is the owner of 500,000 shares of the Common Stock of ISSUER.

2. In  consideration  of the  commitments  of ISSUER  set forth in  Paragraph  3
following,  FOUNDER  agrees  that  notwithstanding  any SEC rule or  regulation,
including  specifically Rule 144, now existing or hereafter adopted, which would
permit earlier sale, transfer,  pledge hypothecation or disposition,  other than
pursuant to an  effective  Registration  Statement  as  provided in  Paragraph 3
following,  that it will  not,  for  purposes  of Rule  144,  be  deemed to have
commenced the holding  period  required by Rule 144 until that date on which the
merger or acquisition is consummated after the  reconfirmation  vote required by
Rule 419.

(b)  ISSUER is hereby authorized by FOUNDER to:

         (i) instruct its transfer  agent to place a  restrictive  legend on the
face of the certificates issued to them stating that"

               "The  shares  represented  by this  certificate  are subject to a
               Standstill Agreement of

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               April  1,  2000  and  may  not  be  sold,  transferred,  pledged,
               hypothecated  or  disposed  of  except  in  accordance  with such
               Standstill Agreement"; and

         (ii) instruct its transfer agent to place "stop transfer"  instructions
against  the  certificate  issued to it,  subject to the  requirement  that such
instructions  not be released  until it provides an opinion of its counsel  that
there has been  compliance with the terms of this Paragraph 2 of this Standstill
Agreement.

3. In  consideration  of the  Standstill  obligations  set forth in  Paragraph 2
above,  ISSUER agrees that in any agreement with a target company for its merger
or acquisition, it will require that:

         (i) the target  Company  shall  agree  that  within  fifteen  (15) days
following the  consummation of the merger or acquisition it will file a Form 8-K
containing all the  information as would be required if Rule 12(g)3(a)  applied,
and as required for Form 10-KSB,  and shall clear all comments  thereon with all
due speed, in good faith.

         (ii) the  target  company  shall  agree  that,  assuming  a merger or a
acquisition  is  consummated,  it will make all filings,  including the Form 8-K
referred to above,  required under the Securities Ac t of 1934 on a timely basis
so as to maintain the applicability of Rule 144; and

         (iii) the target company shall provide piggyback registration rights to
FOUNDER so that in the event ISSUER files a 1933 Act Registration Statement with
the SEC it will  notify  FOUNDER  and upon  request  include  its shares in such
Registration Statement at no cost to it.

4. This Standstill Agreement shall not be subject to amendment, except as may be
required to comply with any SEC or NASD rule, regulation or requirement.

5. The  parties  agree that the target  company is  intended to be a third party
beneficiary of this Standstill  Agreement and shall have standing to enforce the
terms hereof.

6. The parties agree that the validity,  interpretation, and performance of this
Standstill  Agreement shall be controlled by and construed under the laws of the
State of Nevada.  Venue and jurisdiction of any controversy or claim arising out
of, or relating to this Standstill Agreement, or the breach thereof, shall be in
Newark, New Jersey. In any legal action or other proceeding  involving,  arising
out of or in any way relating to this Standstill Agreement, the prevailing party
shall be entitled to recover reasonable  attorneys' fees, costs, and expenses of
litigation.

7. This  Agreement  may be executed in two or more  counterparts,  each of which
shall be deemed an original but all of which together  shall  constitute one and
the same instrument.

8. The  provisions  of this  Agreement  shall be  binding  upon and inure to the
benefit of each of the parties and their respective successors and assigns.

9. The failure of either party to object to, or to take affirmative  action with
respect to, any conduct of the other party which is in violation of the terms of
this  Agreement  shall not be construed as a waiver of such violation or breach,
or of any future breach,  violation, or wrongful conduct. No delay or failure by
any party to exercise any right under this Agreement, and no

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partial  or  single  exercise  of that  right,  shall  constitute  a  waiver  or
exhaustion  of that or any other  right,  unless  otherwise  expressly  provided
herein.

8.  All  notices  or other  communications  to be sent as  provided  for by this
Standstill  Agreement  shall be in writing and shall be sent by certified  mail,
return  receipt  requested,  postage  prepaid,  to the persons and addresses set
forth at the  beginning  of this  Standstill  Agreement,  or such other  persons
and/or addresses as may hereafter be designated in writing by the parties.

         IN WITNESS  WHEREOF,  intending to be legally  bound,  the parties have
executed this Agreement the day and year first above written:

WITNESS:                                     STOCKHOLDER:

                                             OLDE MONMOUTH CAPITAL CORP.

                                             By: /s/ Matthew Troster
                                                 -------------------
                                                  President

                                             ARCTURUS VENTURES, INC.

                                             By: /s/ Matthew Troster
                                                 -------------------
                                                  President

                                    Page 3 ofLOAN AGREEMENT

         THIS LOAN AGREEMENT, made this 17th day of August, 2000 by and between:

         OLDE  MONMOUTH  CAPITAL  CORP.,  a New  Jersey  corporation  having its
principal offices located at 77 Memorial Highway, Atlantic Highlands, New Jersey
07716 (hereinafter "LENDER")

                                       AND

         ARCTURUS  VENTURES,  INC., a Nevada  corporation  having its  principal
offices  at  77  Memorial  Highway,   Atlantic   Highlands,   New  Jersey  07716
(hereinafter  "LENDER") 2424 N. Federal Highway,  Suite 255, Boca Raton, Florida
33431 (hereinafter "BORROWER")

WITNESSETH THAT:

         WHEREAS,  BORROWER is a blank  check  company  which  intends to make a
public offering of its securities pursuant to SEC Rule 419, and pursuant to such
offering  BORROWER intends to escrow all proceeds received in the Escrow Account
with  Summit  Bank and,  accordingly,  will not use any of the funds for working
capital,  as a result of which BORROWER  anticipates  needing working capital in
order to meet its costs and expenses;

         WHEREAS,  LENDER,  as  the  founder  and  the  primary  shareholder  of
BORROWER,  for its business  purposes is willing to loan to BORROWER a total sum
equal to the  gross  proceeds  raised  in the  offering,  up to a total of Forty
Thousand Dollars ($40,000) on certain terms and conditions; and

         WHEREAS,  BORROWER  desires  to borrow  such funds in order to meet its
costs and expenses pending release of the escrowed proceeds of the offering;  on
certain terms and conditions; and

         WHEREAS, the parties have negotiated and reached certain understandings
with respect to the terms and conditions  and they desire a written  document to
evidence and formalize their understandings;

NOW,  THEREFORE,  intending to be legally  bound,  and in  consideration  of the
mutual  promises  and  covenants  contained  herein,  the parties have agreed as
follows:

1. (a) On the terms and  conditions of this Loan  Agreement,  LENDER  shall,  as
provided in Paragraph 2(a)

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below,  lend to BORROWER a sum equal to the gross proceeds of BORROWER's  public
offering,  which  proceeds  will be escrowed  with Summit Bank,  950 Highway 36,
Leonardo,  New Jersey  07737..  On the terms and  conditions of this  Agreement,
BORROWER  may  borrow any sums,  from time to time  during the term of this Loan
Agreement,  up to the total proceeds raised in such public offering and escrowed
with Summit Bank.

(b) On the terms and conditions of this Loan  Agreement  LENDER may, as provided
in  Paragraph  2(b) below,  lend to BORROWER any sum which  LENDER,  in its sole
discretion, may determine.  LENDER shall be under no obligation to make any loan
either (i) prior to  successful  completion of the offering or (ii) in excess of
the gross proceeds of the offering.

2. (a) The contracted loan shall be made in installment  draws from time to time
at any time after  successful  completion  of the public  offering  by  BORROWER
(i.e.,after  the sale by BORROWER of at least 24,000  Units) on the next banking
day after any request made by BORROWER,  provided that the sum  requested,  when
added to all prior loans  hereunder shall not exceed the total gross proceeds of
the offering.

(b) Any discretionary loans shall be made at any time, and from time to time, as
LENDER may determine in response to a request from BORROWER.

(c) The interest on all loans made by LENDER to BORROWER  shall be equal to that
being paid by the escrow,  Summit Bank, on the proceeds deposited with it in the
Escrow Account.

3. The purpose of this Loan  Agreement  is to permit  BORROWER  to have  working
capital with which to meet its costs and expenses  until release of the escrowed
funds in accordance with SEC Rule 419. LENDER acknowledges that:
         (a) any and all loans which may be made  hereunder are  unsecured,  and
LENDER  has no  lien on the  escrow  account  at  Summit  Bank  or in the  funds
deposited therein; and
         (b)  investors  in the  offering  have the  right to a  "reconfirmation
vote",  and may vote not to reconfirm  their  investments in BORROWER,  in which
event the escrowed funds attributable to such non-reconfirming investors will be
returned to them, with the interest earned thereon,  and the amount of the funds
released to BORROWER may be less than the original  gross proceeds and therefore
less than the contracted loan; and
         (c) insufficient  investors in the offering may vote to reconfirm their
investments,  in which event all funds and the interest  earned thereon would be
returned to the  subscribers  in the  offering and no funds would be released to
BORROWER  which would  therefore  lack funds for  repayment  of the loans or any
interest thereon.

4.  (a)  Upon  release  to it of  any  of  the  escrowed  funds,  following  the
reconfirmation vote, BORROWER shall

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promptly repay to LENDER all loans made hereunder,  whether  contracted loans or
discretionary  loans,  and the  interest  thereon,  to the  full  extent  of the
proceeds  released  if  necessary,  except  as  specifically  provided  in  sub-
paragraph (c) below..

(b) If the  proceeds  released to BORROWER are  insufficient  to repay fully the
loans and the interest thereon, LENDER may, in its sole discretion,  convert any
un-repaid  principal  and  interest  into  Common  Stock of the  BORROWER.  Such
conversion shall be at a price per share of ten cents ($ 10), the offering price
in  BORROWER's  public  offering.  Such shares shall be restricted as to further
transfer and LENDER shall take such shares for investment purposes. LENDER shall
be under no obligation to make any conversion.  To the extent that the loans and
the interest  thereon are not fully  repaid,  and LENDER does not convert all of
the un-repaid  balance,  BORROWER  shall promptly issue to LENDER its promissory
note, due within twenty-four months after issuance,  in a principal amount equal
to the un-repaid and un-converted  balance of loans and interest thereon,  which
principal amount shall bear simple interest,  payable  quarterly in arrears,  at
the rate of twelve percent (12%) per annum.

(c) In the event that the proceeds  released to BORROWER,  if fully or partially
used to repay loans hereunder, would not permit BORROWER to meet its commitments
under any  acquisition  or merger  agreement,  BORROWER  shall  retain the funds
required.  LENDER shall have the conversion privilege set forth in sub-paragraph
(b) above and in the event  that  LENDER  does not elect to  convert  all of the
unpaid  principal  and interest,  BORROWER  shall issue its  promissory  note as
provided in such sub-paragraph.

5. All notices to a party shall be deemed  given when  mailed by  registered  or
certified  mail to the address at the head of this Loan  Agreement or such other
address as may be substituted therefor.

6. This  Agreement is the entire  Agreement  among the parties.  No  alteration,
modification,  or waiver of term or condition  hereof shall be binding unless in
writing and signed by all parties.

7. This Agreement may be amended only with the written  approval of the party to
be charged therewith; provided, however, that no such amendment may be made that
would  cause a breach  of any  warranty  or  representation  herein or cause any
breach by BORROWER of SEC Rule 419.

8 Whenever required by the context hereof:  the masculine gender shall be deemed
to include the feminine and neuter;  and the singular  member shall be deemed to
include  the  plural.  Time is  expressly  declared to be of the essence of this
Agreement.

9. It is the intent of the parties that this  Agreement  shall be construed  and
interpreted, and that all questions

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<PAGE>

arising  hereunder  shall be determined in accordance with the provisions of the
laws of the State of New Jersey.

10. Any  controversy,  claim or dispute  arising out of or  resulting  from this
Agreement, or the breach thereof, that cannot be resolved by negotiation,  shall
be resolved by  arbitration,  to be held in Atlantic  Highlands,  NewJersey,  in
accordance  with  the  rules  and   regulations  of  the  American   Arbitration
Association,  except that the provisions for discovery  shall be as set forth in
the Rules of Civil Procedure then in effect in New Jersey. Failure of a party to
participate or cooperate  shall  constitute  grounds for default  judgment.  The
arbitrator  shall  award  legal  fees and  costs to the  prevailing  party.  The
decision  of the  arbitrator  shall  in  each  case,  including  awards  and the
allocation  of costs,  be final and binding upon the parties.  Judgment upon the
award rendered by the arbitrator may be entered in any Court having jurisdiction
thereof.

11. This Agreement may be executed in two or more counterparts, any one of which
shall be deemed to be an original.

12. No agent, broker, person, or firm acting on behalf of either party or any of
their  subsidiaries or under the authority of any of them is or will be entitled
to any  commission  or broker's or finder's  fee or  financial  advisory  fee in
connection with any of the transactions contemplated herein.

         IN WITNESS WHEREOF, and intending to be legally bound, the parties have
hereunto set their hands and seal the day and year first above written.

                                            ARCTURUS VENTURES INC. (Borrower)

ATTEST:

                                            BY:  /s/ Matthew Troster   Pres.
                                                 -------------------
                                                     Matthew Troster
/s/ Manuel Iglesias
-------------------
Secretary

                                            OLDE MONMOUTH CAPITAL CORP. (Lender)

ATTEST:

                                            BY:  /s/ John Catricola   Pres.
                                                 -------------------
                                                     John Catricola
/s/ Manuel Iglesias
-------------------
Secretary

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