Document:

Mr. Michael Cratty,
Online Stock Market, Inc.,
1875 Century Park East, Suite 1880,
Los Angeles, CA 90067.

August 30, 1999.

                             Re: Engagement letter.

Dear Mr. Cratty,

This statement is being furnished pursuant to SEC Rule 17a-4(i).  This agreement
is intended to describe  the nature and scope of services RND  Resources,  Inc.,
will render in connection  with Online  Stock Market,  Inc.,  (the  "Companies")
compliance consulting.

We are being retained by you to provide NASD compliance  consulting  services as
an outside service bureau.

Our services will include compliance  maintenance  activities which will include
maintenance of the procedures  and  compliance  manual,  development of internal
controls,   NASD/SEC/DOC   regulatory  audit  assistance,   Y2000  planning  and
implementation,  trading compliance,  continuing  education (firm element) needs
assessment  and  plan  preparation,   annual  compliance  audit  meeting,  FINOP
responsibilities (without license)and phone assistance on operations.

We will also provide for  monthly,  FOCUS  reports  filing and review for Online
Stock Market, Inc., and assist with the preparation of year end certified audit.

With respect to any books and records  maintained or preserved on behalf of you,
we hereby undertake to permit  examination of such books and records at any time
or from  time to time  during  regular  business  hours  by  representatives  or
designees of the Securities and Exchange  Commission and to promptly  furnish to
said Commission or its designee true, correct, complete and current hard copy of
any or all or any part of such books and records.

                                                                            COPY
<PAGE>

Mr. Michael Cratty,
Online Stoek Market, Inc.,
1875 Century Park East, Suite 1880,
Los Angeles, CA 90067
August 30, 1999.

Page two

Ordinarily our firm  undertakes  engagements  on the basis of monthly  retainers
that is computed  based upon time  involved at our customary  hourly rates.  The
ultimate fees billed,  however,  may increase from a packaged price,  based upon
the novelty and difficulty of the matter, including factual and compliance items
presented;  the  turnaround  time  requested and the level of cooperation by all
concerned. We may also take into account other factors, such as the magnitude of
work, the skill required to perform,  the amount of our resources involved,  the
results obtained and the urgency or time limitations for performance. Our hourly
rates vary between $200 to $300 per hour.

Your monthly  retainer  quoted for the first twelve months of business is $3,500
per month.

We are always  available to discuss  expanding  the scope of our  engagement  to
incorporate  such matters as tax  preparation  for the  associated  hedge funds,
preparation  of  compiled  financial   statements  and  account  statements  for
investors, using Advent or similar software, for a negotiated fee.

Our  statements  are rendered in advance at monthly  interval and are payable in
full upon  presentation.  We retain the right to not start work on your  account
unless our  retainer is paid in advance.  Considering  the time  limitations  of
compliance,  we urge you to not wait for the  presentation  of our bills,  as we
will not be responsible  for late  compliance  filings caused by late payment of
our fees.  We shall have the right to  immediately  suspend the  performance  of
services if your  account is  delinquent  and  withdraw,  without  notice,  from
further work, regardless of the stage of our services.

<PAGE>

Mr. Michael Cratty,
Online Stock Market, Inc.,
1875 Century Park East, Suite 1880,
Los Angeles, CA 90067
August 30, 1999

Page three.

If any dispute,  controversy or claim arises in connection  with the performance
or breach of this agreement,  either party may, upon written notice to the other
party, request facilitated negotiations.  Such negotiations shall be assisted by
a neutral  facilitator  acceptable  to both  parties and shall  require the best
efforts of the parties to discuss with each other in good faith their respective
positions and,  respecting  their different  interests,  to finally resolve such
dispute.

Each party may disclose any facts to the other party or to the facilitator which
it, in good faith, considers necessary to resolve the dispute. However, all such
disclosures will be deemed in furtherance of settlement  efforts and will not be
admissible in any subsequent  litigation against the disclosing party. Except as
agreed by both parties,  the facilitator shall keep confidential all information
disclosed during  negotiations.  The facilitator  shall not act as a witness for
either party in any subsequent arbitration between the parties.

Such facilitated  negotiations  shall conclude within sixty days from receipt of
the written notice unless extended by mutual consent. The parties may also agree
at any time to terminate or waive facilitated  negotiations.  The costs incurred
by each party in such negotiations will be borne by it; the fees and expenses of
the facilitator, if any, shall be borne equally by the parties.

If any dispute,  controversy or claim arises in connection  with the performance
or breach of this agreement and cannot be resolved by  facilitated  negotiations
(or the parties agree to waive that process) then such dispute,  controversy  or
claim shall be settled by arbitration  in accordance  with the laws of the State
of California and the then current Commercial  Arbitration Rules of the American
Arbitration Association,  except that no preheating discovery shall be permitted
unless specifically authorized by the arbitration panel, and shall take place in
Los Angeles, unless the parties agree to a different locale.

Such arbitration shall be conducted before a panel of three persons,  one chosen
by each party and the third selected by the two party-selected arbitrators.  The
arbitration  panel shall have no  authority to award  non-monetary  or equitable
relief,  and  any  monetary  award  shall  not  include  punitive  damages.  The
confidentiality  provisions  applicable to  facilitated  negotiation  shall also
apply to arbitration.

<PAGE>

Mr. Michael Cratty,
Online Stock Market, Inc.,
August 30, 1999

Page four.

The award issued by the arbitration  panel may be confirmed in a judgment by any
federal or state court of competent  jurisdiction.  All reasonable costs of both
parties,  as determined by the arbitrators,  including (1) the fees and expenses
of the  AAA  and  the  arbitrators  and  (2)  the  costs,  including  reasonable
attorneys' fees, necessary to confirm the award in court shall be borne entirely
by the  non-prevailing  party (to be designated by the arbitration  panel in the
award) and may not be allocated between the parties by the arbitration panel.

While we recognize  that this letter has a formal  tone,  please be assured that
the  formality  is intended  only to ensure a complete  understanding  as to the
nature of our  representation in order that we may establish a good relationship
in the future.

If the above terms of our engagement of you meet with your approval,  we request
that you sign and date the enclosed copy of this letter where indicated,  attach
a check made payable to RND Resources, Inc., for $3,500.

Very truly yours,

Dave Banerjee

The  undersigned  hereby  accepts and approves of the foregoing  engagement  and
promises to pay RND  Resources,  Inc., or its assigns any and all sums due which
may arise pursuant to the terms and provisions of this engagement letter.

/s/ Mr. Michael Cratty
------------------------
Mr. Michael Cratty for
Online Stock Market, Inc.EMPLOYMENT AGREEMENT

Employment  Agreement,  between  Online Stock Market Group (the  "Company")  and
______________________ (the "Employee".)

1.   For good  consideration,  the Company employs the Employee on the following
     terms and conditions:

2.   Term of Employment:  Subject to the provisions  for  termination  set forth
     below this agreement  will begin on  _______________,  1999,  unless sooner
     terminated.

3.   Salary:  The Company  shall pay Employee a salary of  $_______________  per
     year, for the services of the Employee, payable at regular payroll periods.

4.   Duties and  Position:  The Company  hires the  Employee in the  capacity of
     _______________.  The Employee's  duties may be reasonably  modified at the
     Company's direction from time to time.

5.   Employee  to Devote  Full Time to Company:  The  Employee  will devote full
     time,  attention,  and  energies to the  business of the Company and during
     this employment, will not engage in any other business activity, regardless
     of whether such activity is pursued for profit,  gain,  or other  pecuniary
     advantage.  Employee is not prohibited from making personal  investments in
     any other  businesses  provided  those  investments  do not require  active
     involvement in the operation of said companies.

6.   Confidentiality  of Proprietary  Information:  Employee  agrees,  during or
     after the term of this employment,  not to reveal confidential information,
     or trade  secrets to any  person,  firm,  corporation,  or  entity.  Should
     Employee reveal or threaten to reveal this  information,  the Company shall
     be entitled to an injunction restraining the Employee from disclosing same,
     or from rendering any services to any entity to whom said  information  has
     been or is threatened to be disclosed. The right to secure an injunction is
     not exclusive, and the Company may pursue any other remedies it has against
     the Employee for a breach or threatened breach of this condition, including
     the recovery of damages from the Employee.

7.   Reimbursement of Expenses:  The Employee may incur reasonable  expenses for
     furthering the Company's  business,  including  expenses for entertainment,
     travel,  and similar  items.  The Company does not  reimburse  any Employee
     without  prior  permission  granted by the  President.  The  Company  shall
     reimburse Employee for all business expenses after the Employee presents an
     itemized  account of  expenditures  and has prior consent by the President,
     pursuant to Company policy.

<PAGE>

8.   Vacation:  The Employee shall be entitled to a yearly  vacation of zero (0)
     weeks at full pay.

9.   Disability:  If Employee  cannot  perform the duties  because of illness or
     incapacity  for a  period  of  more  than  one(1)  week,  the  compensation
     otherwise due during said illness or  incapacity  will be reduced by 100% (
     one hundred ) percent.  The Employee's full compensation will be reinstated
     upon return to work.  However,  if the Employee is absent from work for any
     reason for a continuous  period of over one half (1/2) months,  the Company
     may  terminate the  Employee's  employment,  and the Company's  obligations
     under this agreement will cease on that date.

10.  Termination  of Agreement:  Without  cause,  the Company may terminate this
     agreement at any time upon zero (0) days'  written  notice to the Employee.
     If the Company  requests,  the Employee  will  continue to perform  his/her
     duties and be paid his/her regular salary up to the date of termination. In
     addition,  the Company will pay the Employee on the date of  termination  a
     severance allowance of $ 0.00 less taxes and social security required to be
     withheld.  Without cause,  the Employee may terminate  employment upon zero
     (0) days'  written  notice to the  Company.  Employee  may be  required  to
     perform  his/her  duties  and will be paid the  regular  salary  to date of
     termination  but shall not receive a severance  allowance.  Notwithstanding
     anything  to the  contrary  contained  in this  agreement,  the Company may
     terminate  the  Employee's  employment  upon zero (0)  days'  notice to the
     Employee should any of the following events occur:

         o  The sale of  substantially  all of the Company's  assets to a single
            purchaser or group of associated purchasers; or

         o  The sale, exchange, or other disposition,  in one transaction of the
            majority of the Company's outstanding corporate shares; or

         o  The  Company's  decision to terminate its business and liquidate its
            assets; or

         o  The merger or consolidation of the Company with another company; or

         o  Bankruptcy or Chapter 11 Reorganization.

11.  Death  Benefit:  Should  Employee  die during the term of  employment,  the
     Company shall pay to Employee's estate any compensation due through the end
     of the month in which death occurred.

12.  Restriction on Post Employment Competition:  For a period of 1 ( one ) year
     after the end of employment,  the Employee shall not control, consult to or
     be employed  by any  business  similar to that  conducted  by the  Company,
     either by soliciting any of its accounts or by operating within  Employer's
     general trading area.

13.  Assistance in Litigation:  Employee shall upon reasonable  notice,  furnish
     such information and proper  assistance to the Company as it may reasonably
     require in connection with any litigation in which it is, or may become,  a
     party either during or after employment.

<PAGE>

14.  Effect of Prior Agreements:  This agreement  supersedes any prior agreement
     between the  Company or any  predecessor  of the Company and the  Employee,
     except  that this  agreement  shall not  affect or  operate  to reduce  any
     benefit  or  compensation  inuring  to the  Employee  of a  kind  elsewhere
     provided and not expressly provided in this agreement.

15.  Settlement by Arbitration:  Any claim or controversy  that arises out of or
     relates  to this  agreement,  or the  breach  of it,  shall be  settled  by
     arbitration  in  accordance  with  the  rules of the  American  Arbitration
     Association.  Judgment upon the award  rendered may be entered in any court
     with jurisdiction.

16.  Limited  Effect of Waiver by Company.  Should  Company  waive breach of any
     provision of this  agreement by the Employee,  that waiver will not operate
     or be construed as a waiver of further breach by the Employee.

17.  Severability:  If, for any reason,  any provision of this agreement is held
     invalid,  all other provisions of this agreement shall remain in effect. If
     this  agreement  is held  invalid or cannot be  enforced,  then to the full
     extent  permitted  by law any prior  agreement  between the Company (or any
     predecessor thereof) and the Employee shall be deemed reinstated as if this
     agreement had not been executed.

18.  Assumption  of  Agreement  by  Company's  Successors  and  Assignees:   The
     Company's  rights and  obligations  under this  agreement will inure to the
     benefit and be binding upon the Company's successors and assignees.

19.  Oral Modifications Not Binding:  This instrument is the entire agreement of
     the Company and the Employee.  Oral changes shall have no effect. It may be
     altered  only by a  written  agreement  signed by the  party  against  whom
     enforcement of any waiver, change, modification, extension, or discharge is
     sought.

Signed this _________ day of ____________, 19__.

____________________________                        ____________________________
Company                                             Employee

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