Document:

Exhibit 10.9
   Form of Director Emeritus Agreement between Lawrence Federal Savings Bank
                            and individual directors

<PAGE>

                                     FORM OF

                          LAWRENCE FEDERAL SAVINGS BANK

                           DIRECTOR EMERITUS AGREEMENT

     THIS AMENDED AGREEMENT is made this ___ day of _______________, 20__ by and
between  LAWRENCE  FEDERAL  SAVINGS  BANK  (the  "Bank"),  and  [DIRECTOR]  (the
"Director"). This amended agreement is a restatement of the agreement previously
entered into by the Bank and the Director as of [date].

                                  INTRODUCTION

         To  encourage  the  Director to remain a member of the Bank's  Board of
Directors,  the Bank is willing to provide  Director  Emeritus  benefits  to the
Director. The Bank will pay these benefits from its general assets.

                                    AGREEMENT

     The Director and the Bank agree as follows:

                                    Article 1
                                   Definitions

     1.1  Definitions.  Whenever used in this Agreement, the following words and
phrases shall have the meanings specified:

          1.1.1  "Bank" means Lawrence Federal Savings Bank and its successors.

          1.1.2  "Board Fees" means the  remuneration  paid to a Director during
     the  preceding  calendar year for his service on the boards of directors of
     the Bank and the Company.

          1.1.3  "Change of Control"  means an event of a nature that: (i) would
     be required  to be reported in response to Item 1 of the current  report on
     Form 8-K, as in effect on the date hereof,  pursuant to Section 13 or 15(d)
     of the Securities Exchange Act of 1934, as amended (the "Exchange Act"); or
     (ii)  results in a Change of Control of the Bank or the Company  within the
     meaning of the Home  Owners'  Loan Act of 1933,  as  amended,  the  Federal
     Deposit  Insurance  Act and the Rules and  Regulations  promulgated  by the
     Office of Thrift

<PAGE>

     Supervision  ("OTS") (or its predecessor  agency), as in effect on the date
     hereof  (provided,  that in applying the definition of Change of control as
     set  forth  under  the  rules  and  regulations  of the OTS,  the  Board of
     Directors  shall  substitute  its judgment  for that of the OTS);  or (iii)
     without  limitation a Change of control shall be deemed to have occurred at
     such time as (A) any  "person"  (as the term is used in Sections  13(d) and
     14(d) of the Exchange Act) is or becomes the "beneficial owner" (as defined
     in Rule 13d-3 under the Exchange Act),  directly or  indirectly,  of voting
     securities  of the  Bank  or the  Company  representing  25% or more of the
     Bank's or the Company's  outstanding  voting securities or right to acquire
     such securities  except for any voting  securities of the Bank purchased by
     the Company and any voting  securities  purchased by any  employee  benefit
     plan of the Bank or the Company,  or (B)  individuals  who  constitute  the
     Board of Directors on the date hereof (the "Incumbent Board") cease for any
     reason to constitute at least a majority thereof,  provided that any person
     becoming  a director  subsequent  to the date  hereof  whose  election  was
     approved  by a vote  of at  least  three-quarters  (3/4)  of the  directors
     comprising  the Incumbent  Board,  or whose  nomination for election by the
     Company's  stockholders  was  approved  by the  same  Nominating  Committee
     serving  under an  Incumbent  Board,  shall be, for purposes of this clause
     (B), considered as though he were a member of the Incumbent Board, or (C) a
     plan of reorganization, merger, consolidation, sale of all or substantially
     all the assets of the Bank or the Company or similar  transaction occurs in
     which the Bank or Company is not the resulting entity;  provided,  however,
     that  such  an  event  will be  deemed  to have  occurred  or to have  been
     effectuated  upon the  receipt of all  required  regulatory  approvals  not
     including the lapse of any statutory waiting periods.

          1.1.4  "Code" means the  Internal  Revenue  Code of 1986,  as amended.
     References  to a Code  section  shall be  deemed to be  references  to that
     section as it now exists and to any successor provision.

          1.1.5  "Company"  means  Lawrence  Financial  Holdings,  Inc.  and its
     successors.

          1.1.6   "Disability"   means,   if  the   Director  is  covered  by  a
     Bank-sponsored  disability insurance policy, total disability as defined in
     such policy  without regard to any waiting  period.  If the Director is not
     covered  by such a  policy,  Disability  means  the  Director  suffering  a
     sickness,  accident  or  injury  which,  in  the  judgment  of a  physician
     satisfactory  to the Board of Directors of the Bank,  prevents the Director
     from performing  substantially all of the normal duties of a director. As a
     condition to any  benefits,  the Bank may require the Director to submit to
     such  physical  or  mental  evaluations  and tests as the  Bank's  Board of
     Directors deems appropriate.

          1.1.7  "Early Retirement Date" means the Director attaining age 65 and
     completing 15 Years of Service.

          1.1.8 "Normal Retirement Date" means the Director attaining age 68 and
     completing 15 Years of Service.

                                        2

<PAGE>

          1.1.9  "Termination  of Service" means the Director's  ceasing to be a
     member of the Bank's Board of Directors for any reason whatsoever.

          1.1.10  "Years of  Service"  means the  total  number of  twelve-month
     periods during which the Director serves as a member of the Company's Board
     of Directors.

                                    Article 2

                                Lifetime Benefits

     2.1  Normal Retirement Benefit.  If the Director  terminates  service on or
after  the  Normal  Retirement  Date,  and  for  reasons  other  than  death  or
Disability,  the Bank shall pay to the  Director  the benefit  described in this
Section 2.1.

          2.1.1  Amount of Benefit.  The benefit  under this Section 2.1 is $500
     annually multiplied by the Director's Years of Service; provided,  however,
     that  the  Director's  annual  benefit  shall  be  limited  to  50%  of the
     Director's Board Fees multiplied by his Years of Service.

          2.1.2  Payment  of  Benefit.  The Bank  shall pay the  benefit  to the
     Director in monthly  installments on the first day of each month commencing
     with  the  month  following  the  Director's  Termination  of  Service  and
     continuing for 179 additional consecutive months.

     2.2  Early Retirement Benefit. If the Director terminates service after his
Early  Retirement  Date but before his Normal  Retirement  Date, and for reasons
other than death or  Disability,  the Bank shall pay to the Director the benefit
described in this Section 2.2.

          2.2.1  Amount of Benefit.  The benefit  under this  Section 2.2 is the
     benefit  determined  under  Schedule A based on the date of the  Director's
     Termination of Service. Schedule A shall be adjusted to reflect any benefit
     level  increases  determined by the Board of Directors  under Section 2.1.1
     prior to the Director's  Termination  of Service.  Schedule A is calculated
     using the  interest  method  of  accounting,  a 7.50%  discount  rate,  and
     assuming monthly compounding and monthly benefit payments.

          2.2.2  Payment  of  Benefit.  The Bank  shall pay the  benefit  to the
     Director in monthly  installments on the first day of each month commencing
     with  the  month  following  the  Director's  Termination  of  Service  and
     continuing for 179 additional consecutivemonths.

     2.3  Disability Benefit.  If the Director terminates service for Disability
prior to the Normal  Retirement  Date, the Company shall pay to the Director the
benefit described in this Section 2.3.

          2.3.1  Amount of Benefit.  The benefit  under this  Section 2.3 is the
     benefit

                                        3

<PAGE>

     determined under Schedule A based on the date of the Director's Termination
     of Service.  Schedule A shall be  adjusted  to reflect  any  benefit  level
     increases determined by the Board of Directors under Section 2.1.1 prior to
     the Director's Termination of Service.

          2.3.2  Payment  of  Benefit.  The Bank  shall pay the  benefit  to the
     Director in monthly  installments on the first day of each month commencing
     with  the  month  following  the  Director's  Termination  of  Service  and
     continuing  until the  earlier  of: (a) the  Director's  recovery  from the
     Disability, or (b) 179 additional months.

     2.4  Change of Control Benefit. Upon a Change of Control while the Director
is in the active  service of the Bank,  the Bank shall pay to the  Director  the
benefit  described in this Section 2.4 in lieu of any other  benefit  under this
Agreement.

          2.4.1  Amount of Benefit.  The benefit  under this  Section 2.4 is the
     benefit  that  would  have  been paid to the  Director  under  Section  2.1
     calculated  as if the date of the  Change of  Control  were the  Director's
     Normal  Retirement  Date.  The Director  shall not be required to terminate
     service in order to receive a benefit under this Section 2.4.

          2.4.2  Payment  of  Benefit.  The Bank  shall pay the  benefit  to the
     Director in an  unreduced  lump sum within sixty (60) days after the Change
     of Control.

                                    Article 3

                                 Death Benefits

     3.1  Death During Active Service.  If the Director dies while in the active
service  of the Bank,  the Bank  shall  pay to the  Director's  beneficiary  the
benefit described in this Section 3.1.

          3.1.1  Amount of Benefit.  The benefit  under this  Section 3.1 is the
     lifetime  benefit that would have been paid to the Director  under  Section
     2.1,  calculated as if the date of the Director's death were the Director's
     Normal Retirement Date.

          3.1.2  Payment  of  Benefit.  The Bank  shall pay the  benefit  to the
     Director's  Beneficiary(ies) on the first day of each month commencing with
     the month following the Director's  death and continuing for 179 additional
     months.

     3.2 Death  During  Benefit  Period.  If the  Director  dies  after  benefit
payments have  commenced  under this  Agreement,  but before  receiving all such
payments,   the  Bank  shall  pay  the  remaining  benefits  to  the  Director's
beneficiary(ies)  at the same time and in the same  amounts they would have been
paid to the Director had the Director survived.

                                        4

<PAGE>

                                    Article 4

                                  Beneficiaries

     4.1 Beneficiary Designations. The Director shall designate a beneficiary by
filing a written  designation  with the Bank.  The Director may revoke or modify
the designation at any time by filing a new designation.  However,  designations
will only be effective if signed by the Director and accepted by the Bank during
the Director's lifetime. The Director's beneficiary  designation shall be deemed
automatically  revoked if the beneficiary  predeceases  the Director,  or if the
Director  names a  spouse  as  beneficiary  and  the  marriage  is  subsequently
dissolved.  If the Director dies without a valid  beneficiary  designation,  all
payments shall be made to the Director's  surviving spouse, if any, and if none,
to the Director's  surviving  children and the descendants of any deceased child
by right of representation,  and if no children or descendants  survive,  to the
Director's estate.

     4.2  Facility of Payment.  If a benefit is payable to a minor,  to a person
declared  incompetent,  or to a  person  otherwise  incapable  of  handling  the
disposition  of his or her  property,  the  Bank  may pay  such  benefit  to the
guardian,  legal  representative  or person  having  the care or custody of such
minor,  incompetent  person or incapable  person.  The Bank may require proof of
incompetency,  minority or guardianship,  as it may deem  appropriate,  prior to
distribution of the benefit.  Such distribution  shall completely  discharge the
Bank from all liability with respect to such benefit.

                                    Article 5

                               General Limitations

     Notwithstanding  any provision of this Agreement to the contrary,  the Bank
shall not pay any benefit under this Agreement:

     5.1  Excess Parachute Payment. To the extent the benefit would be an excess
parachute  payment  under  Section 280G of the Code.  However,  the Bank may pay
benefits to the extent of any excess parachute limitation.

     5.2  Termination for Cause.  If the Bank terminates the Director's  service
for:

          5.2.1 Gross negligence or gross neglect of duties;

          5.2.2 Commission of a felony or of a gross misdemeanor involving moral
     turpitude; or

          5.2.3 Fraud, disloyalty, dishonesty or willful violation of any law or
     significant Bank policy committed in connection with the Director's service
     and resulting in an adverse financial effect on the Bank.

                                        5

<PAGE>

     5.3  Suicide.  No benefits shall be payable if the Director commits suicide
within two years after the date of this  Agreement,  or if the Director has made
any  material  misstatement  of  fact  on any  application  for  life  insurance
purchased by the Bank.

                                    Article 6

                          Claims and Review Procedures

     6.1  Claims Procedure.  The Bank shall notify the Director's beneficiary in
writing, within ninety (90) days of his or her written application for benefits,
of his or her eligibility or noneligibility for benefits under the Agreement. If
the Bank  determines  that the  beneficiary is not eligible for benefits or full
benefits,  the notice shall set forth (1) the specific  reasons for such denial;
(2) a specific  reference to the provisions of the Agreement on which the denial
is based; (3) a description of any additional  information or material necessary
for the  claimant to perfect his or her claim,  and a  description  of why it is
needed;  and (4) an explanation of the Agreement's  claims review  procedure and
other  appropriate  information  as to the steps to be taken if the  beneficiary
wishes to have the claim reviewed. If the Bank determines that there are special
circumstances  requiring  additional  time to make a  decision,  the Bank  shall
notify the  beneficiary  of the  special  circumstances  and the date by which a
decision is expected to be made, and may extend the time for up to an additional
ninety-day period.

     6.2  Review Procedure.  If the beneficiary is determined by the Bank not to
be eligible  for  benefits,  or if the  beneficiary  believes  that he or she is
entitled  to greater  or  different  benefits,  the  beneficiary  shall have the
opportunity  to have such claim  reviewed  by the Bank by filing a petition  for
review with the Bank within sixty (60) days after  receipt of the notice  issued
by  the  Bank.  Said  petition  shall  state  the  specific  reasons  which  the
beneficiary  believes  entitle him or her to benefits or to greater or different
benefits.  Within sixty (60) days after receipt by the Bank of the petition, the
Bank shall  afford the  beneficiary  (and  counsel,  if any) an  opportunity  to
present  his  or  her  position  to the  Bank  orally  or in  writing,  and  the
beneficiary (or counsel) shall have the right to review the pertinent documents.
The Bank shall  notify the  beneficiary  of its  decision in writing  within the
sixty (60) day period,  stating specifically the basis of its decision,  written
in a manner  calculated to be understood  by the  beneficiary,  and the specific
provisions of the Agreement on which the decision is based.  If,  because of the
need for a hearing,  the sixty (60) day period is not  sufficient,  the decision
may be deferred  for up to another  sixty (60) day period at the election of the
Bank, but notice of this deferral shall be given to the beneficiary.

                                    Article 7

                           Amendments and Termination

     The Bank may amend or terminate this Agreement at any time if,  pursuant to
legislative,  judicial or regulatory action, continuation of the Agreement would
(i) cause benefits to be taxable

                                        6

<PAGE>

to the Director prior to actual receipt, or (ii) result in significant financial
penalties or other  significantly  detrimental  ramifications to the Bank (other
than the  financial  impact of paying  the  benefits).  In the event of any such
amendment or  termination,  the  Director  shall be one hundred  percent  (100%)
vested in the benefit determined under Schedule A.

                                    Article 8

                                  Miscellaneous

     8.1  Binding Effect.  This Agreement  shall bind the Director and the Bank,
and their beneficiaries, survivors, executors, administrators and transferees.

     8.2  No Guaranty  of  Employment.  This  Agreement  is not a  contract  for
services.  It does not give the  Director  the right to remain a director of the
Bank,  nor does it  interfere  with the  Shareholders'  rights  to  replace  the
Director.  It also  does not  require  the  Director  to remain a  director  nor
interfere with the Director's right to terminate service at any time.

     8.3  Non-Transferability.  Benefits  under this  Agreement  cannot be sold,
transferred, assigned, pledged, attached or encumbered in any manner.

     8.4 Tax Withholding. The Bank shall withhold any taxes that are required to
be withheld from the benefits provided under this Agreement.

     8.5  Applicable  Law.  The  Agreement  and all  rights  hereunder  shall be
governed by the laws of Ohio,  except to the extent preempted by the laws of the
United States of America.

     8.6  Unfunded  Arrangement.   The  Director  and  beneficiary  are  general
unsecured  creditors  of the  Bank  for  the  payment  of  benefits  under  this
Agreement.  The  Agreement  represent  the mere  promise by the Bank to pay such
benefits.  The rights to benefits are not subject in any manner to anticipation,
alienation,  sale, transfer,  assignment,  pledge,  encumbrance,  attachment, or
garnishment  by  creditors.  Any insurance on the  Director's  life is a general
asset of the Bank to which the  Director  and  beneficiary  have no preferred or
secured claim.

     IN WITNESS  WHEREOF,  the Director and a duly  authorized Bank officer have
signed this Agreement.

DIRECTOR:                               Bank:

                                        LAWRENCE FEDERAL SAVINGS BANK

/s/ [DIRECTOR]                          By:    /s/ Jack L. Blair
---------------------------------              ---------------------------------
[Director]                              Title: Executive Vice President
                                               ---------------------------------

                                        7

<PAGE>

                          LAWRENCE FEDERAL SAVINGS BANK
                           DIRECTOR EMERITUS AGREEMENT
                              TRACY E. BRAMMER, JR.
                                   SCHEDULE A

                                                                    Accrued
                                          Plan                 Director Emeritus
Date                 Age                  Year                     Liability
--------------------------------------------------------------------------------
1996                  51                    1                        $2,905
1997                  52                    2                         6,036
1998                  53                    3                         9,400
1999                  54                    4                        13,046
2000                  55                    5                        16,964
2001                  56                    6                        21,186
2002                  57                    7                        25,736
2003                  58                    8                        30,639
2004                  59                    9                        35,923
2005                  60                   10                        41,617
2006                  61                   11                        47,753
2007                  62                   12                        54,365
2008                  63                   13                        61,491
2009                  64                   14                        69,170
2010                  65                   15                        77,445
2011                  66                   16                        86,362
2012                  67                   17                        95,972

<PAGE>

                          LAWRENCE FEDERAL SAVINGS BANK
                           DIRECTOR EMERITUS AGREEMENT
                               PHILLIP O. MCMAHON
                                   SCHEDULE A

                                                                    Accrued
                                          Plan                 Director Emeritus
Date                 Age                  Year                     Liability
--------------------------------------------------------------------------------
1996                  44                    1                        $1,809
1997                  45                    2                         3,758
1998                  46                    3                         5,858
1999                  47                    4                         8,122
2000                  48                    5                        10,561
2001                  49                    6                        13,190
2002                  50                    7                        16,023
2003                  51                    8                        19,076
2004                  52                    9                        22,366
2005                  53                   10                        25,911
2006                  54                   11                        29,731
2007                  55                   12                        33,848
2008                  56                   13                        38,284
2009                  57                   14                        43,065
2010                  58                   15                        48,217
2011                  59                   16                        53,769
2012                  60                   17                        59,752
2013                  61                   18                        66,199
2014                  62                   19                        73,147
2015                  63                   20                        80,634
2016                  64                   21                        88,702
2017                  65                   22                        97,397
2018                  66                   23                       106,767
2019                  67                   24                       116,864

<PAGE>

                          LAWRENCE FEDERAL SAVINGS BANK
                           DIRECTOR EMERITUS AGREEMENT
                              CHARLES E. AUSTIN II
                                   SCHEDULE A

                                                                    Accrued
                                          Plan                 Director Emeritus
Date                 Age                  Year                     Liability
--------------------------------------------------------------------------------
1996                  37                    1                        $1,182
1997                  38                    2                         2,456
1998                  39                    3                         3,828
1999                  40                    4                         5,307
2000                  41                    5                         6,901
2001                  42                    6                         8,619
2002                  43                    7                        10,470
2003                  44                    8                        12,465
2004                  45                    9                        14,614
2005                  46                   10                        16,930
2006                  47                   11                        19,426
2007                  48                   12                        22,116
2008                  49                   13                        25,015
2009                  50                   14                        28,139
2010                  51                   15                        31,505
2011                  52                   16                        35,133
2012                  53                   17                        39,042
2013                  54                   18                        43,255
2014                  55                   19                        47,795
2015                  56                   20                        52,687
2016                  57                   21                        57,959
2017                  58                   22                        63,640
2018                  59                   23                        69,762
2019                  60                   24                        76,359
2020                  61                   25                        83,469
2021                  62                   26                        91,131
2022                  63                   27                        99,387
2023                  64                   28                       108,284
2024                  65                   29                       117,872
2025                  66                   30                       128,204
2026                  67                   31                       139,338

<PAGE>

                          LAWRENCE FEDERAL SAVINGS BANK
                           DIRECTOR EMERITUS AGREEMENT
                                HERBERT J. KARLET
                                   SCHEDULE A

                                                                    Accrued
                                          Plan                 Director Emeritus
Date                 Age                  Year                     Liability
--------------------------------------------------------------------------------
1996                  46                    1                        $2,254
1997                  47                    2                         4,683
1998                  48                    3                         7,300
1999                  49                    4                        10,120
2000                  50                    5                        13,159
2001                  51                    6                        16,434
2002                  52                    7                        19,964
2003                  53                    8                        23,768
2004                  54                    9                        27,867
2005                  55                   10                        32,284
2006                  56                   11                        37,044
2007                  57                   12                        42,174
2008                  58                   13                        47,702
2009                  59                   14                        53,659
2010                  60                   15                        60,078
2011                  61                   16                        66,996
2012                  62                   17                        74,451
2013                  63                   18                        82,484
2014                  64                   19                        91,141
2015                  65                   20                       100,470
2016                  66                   21                       110,523
2017                  67                   22                       121,357

<PAGE>

                          LAWRENCE FEDERAL SAVINGS BANK
                           DIRECTOR EMERITUS AGREEMENT
                                ROBERT N. TAYLOR
                                   SCHEDULE A

                                                                    Accrued
                                          Plan                 Director Emeritus
Date                 Age                  Year                     Liability
--------------------------------------------------------------------------------
1996                  52                    1                        $2,570
1997                  53                    2                         5,340
1998                  54                    3                         8,325
1999                  55                    4                        11,542
2000                  56                    5                        15,009
2001                  57                    6                        18,745
2002                  58                    7                        22,771
2003                  59                    8                        27,109
2004                  60                    9                        31,784
2005                  61                   10                        36,822
2006                  62                   11                        42,251
2007                  63                   12                        48,101
2008                  64                   13                        54,406
2009                  65                   14                        61,200
2010                  66                   15                        68,521
2011                  67                   16                        76,411Exhibit 10.2G

                              FORBEARANCE AGREEMENT

Agreement dated August 8, 2000, between LCS GOLF, INC. a Delaware corporation,
having an address at 24 East 12th Street, New York, New York 10003 (hereafter
referred to as "LCSG" or "Borrower") and QUINTEL COMMUNICATIONS, INC., a
Delaware corporation, having an address at One Blue Hill Plaza, Pearl River, New
York 10965 (hereafter referred to as "Quintel"or "Lender"). Quintel and LCSG are
sometimes referred to as a "Party" or the "Parties".

                              W I T N E S S E T H :

      WHEREAS, LCSG borrowed $500,000.00 from Quintel (the "Loan") as evidenced
by LCSG's promissory note dated February 16, 2000 in the original principal
amount of $500,000.00 (the "LCS Note") delivered pursuant to a Loan Agreement
between Lender and Borrower dated February 16, 2000 (the "Loan Agreement"), and

      WHEREAS, pursuant to a Security Agreement dated February 16, 2000 (the
"Security Agreement"), LCSG secured its obligations under the Loan Agreement and
the LCS Note by granting Quintel a security interest in LCSG's Database (as such
term is defined in the Security Agreement) and all contracts, contract rights
and general intangibles of the Company relating to or necessary in order to use
the Database; and

      WHEREAS, concurrently with the entry into the Loan Agreement, Quintel and
LCSG entered into a Marketing Agreement dated February 16, 2000 (the "Marketing
Agreement"), pursuant to which, among other things, Quintel was granted the
right to transmit e-mail messages marketing or promoting Quintel Products and
Services (as such term is defined in the Security Agreement) to the Database;
and

      WHEREAS, Quintel has agreed on the terms set forth in this Agreement to
forbear from instituting an action to collect the amount due under the LCS Note.

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

1.    Quintel acknowledges receipt of one $50,000.00 payment on account of the
      principal amount of the LCS Note, and that the principal balance of the
      Note as of the date of such payment and the date hereof is $450,000.00.

                                       1
<PAGE>

2.    Quintel and LCSG agree that the LCS Note is hereby amended to provide for
      payment on written demand after the date hereof and that interest shall be
      paid on the unpaid principal balance of the LCS Note at the rate of seven
      percent (7%) per annum commencing as of the date hereof and until the
      occurrence of a default under the terms of this Agreement or the LCS Note,
      after which interest shall be paid on the amounts due under the LCS Note
      at an annual rate equal to the prime rate (as defined in the LCS Note)
      plus four (4 %) percent, but in no event shall the annual rate of interest
      charged under the LCS Note exceed fourteen (14 %) percent. Interest shall
      be payable monthly on the first day of each month commencing August 1,
      2000,

3.    Concurrently herewith:

      1.    Michael Mitchell ("Guarantor") has executed and delivered to Quintel
            his guarantee of the LCS Note in the form annexed hereto as Exhibit
            1; and

      2.    LCSG has executed and delivered to Quintel an amendment to the
            Security Agreement in the form annexed hereto as Exhibit 2,
            providing among other things for the assignment to Quintel of all
            accounts receivable of LCSG now or hereafter existing, and all
            proceeds thereof ("Accounts") as additional Collateral for the
            repayment of the LCS Note and the performance and payment of all
            obligations under this Agreement and the other Obligations
            identified in the Security Agreement and four (4) copies of a form
            UCC-3 financing statement to amend the financing statement executed
            by LCSG as debtor previously filed to include the collateral covered
            by the amendment to the Security Agreement.

      3.    LCSG has delivered a certificate signed by its President and Chief
            Financial Officer certifying as true and correct the representations
            and warranties made in Section 4 below and that the execution of
            this Agreement and the amendment to the Security Agreement by LCSG
            have been duly authorized by all necessary corporate action of LCSG,
            and constitute the lawful, valid and binding obligations of LCSG,
            enforceable in accordance with their terms;

      4.    LCSG has delivered the appropriate forms establishing the Lockbox
            Account referred to in Section 5 below, identifying representatives
            of Quintel as the sole signatories to such account, together with an
            irrevocable direction to the Depository Bank not to modify such
            signatories without Quintel's written consent.

4.    LCSG represents and warrants to Quintel that annexed hereto as Schedule 1
      is a true, complete and correct list of all Accounts of LCSG, and which
      are hereby assigned to Quintel under the provisions of this Agreement and
      the Security Agreement, and that:

                                       2
<PAGE>

            1.    Each of the debtors named in the Accounts included in Schedule
                  1 is indebted to LCSG in the amount indicated as of August 14,
                  2000.

            2.    Each Account is bona fide, and arises out of the sale and
                  delivery of goods or services.

            3.    None of the Accounts is now, or will at any time become,
                  contingent upon the fulfillment of any contract whatsoever, or
                  subject to any defense, offset or counterclaim, except as may
                  be specifically noted in Schedule 1.

            4.    No agreement has been made, nor will be made, with any debtor
                  for any, reduction or discount, other than reductions or
                  discounts which in the aggregate are not material, except as
                  may be specifically noted in Schedule 1.

            5.    None of the Accounts is represented by notes or other
                  negotiable instruments, except those that have been endorsed
                  and delivered by LCSG to Quintel simultaneously with the
                  delivery of this Agreement, or as set forth in Schedule 1.

            6.    LCSG is the sole owner of the Accounts, free and clear of any
                  encumbrances, and has the right to transfer absolute title to
                  Quintel.

            7.    The stated due date on each Account on Schedule 1 is correct,
                  except for variations which in the aggregate are not material.

5.    The schedule of Accounts shall be updated on a monthly basis by LCSG,
      within ten days after the first day of each month commencing with August,
      2000, and certified by its President and Chief Financial Officer as true,
      correct and complete, and LCSG represents and warrants to Quintel that all
      such updates shall be true, correct and complete schedules of its
      Accounts. Such schedules shall contain the name, address and, if known,
      telephone number and e-mail address of each Account debtor.

      1.    Concurrently herewith, LCSG has delivered, and until payment in full
            of the LCS Note shall continue to deliver to all of the Account
            Debtors an irrevocable letter of direction to make all payments on
            the Accounts to a lockbox account at Bank of America, N.A. (the
            "Depository Bank"), as to which representatives of Quintel shall be
            the sole signatories (the "Lockbox Account".)

      2.    Until payment in full of all amounts due under the LCS Note and the
            Security Agreement:

                                       3
<PAGE>

            1.    fifty percent (50%) of collections received in the Lockbox
                  Account on the Accounts identified on Schedule 1 and
                  seventy-five percent (75%) of collections received in the
                  Lockbox Account on Accounts created after the date hereof
                  shall be paid within five (5) days after receipt to LCSG, and
                  the balance shall be paid to Quintel and credited against the
                  amounts due under the LCS Note, first to interest and then to
                  principal;

            2.    if LCSG receives any collections of the Accounts, LCSG shall
                  pay fifty percent (50%) of collections of the Accounts
                  identified on Schedule 1 and twenty-five percent (25%) of
                  collections of Accounts created after the date hereof to
                  Quintel within five (5) days after receipt, which payments to
                  Quintel shall be credited against the amounts due under the
                  LCS Note, first to interest and then to principal, and

            3.    LCSG shall pay to Quintel within five (5) days after receipt
                  fifty percent (50%) of all other cash receipts, cash
                  equivalents and marketable securities generated by LCSG from
                  any source whatsoever, including from proceeds from loans or
                  sales of assets, stock or other securities of LCSG unless
                  Quintel consents in writing to different payment arrangements
                  with respect to proceeds from loans or sales of assets or
                  stock.

      3.    Upon the occurrence of a default, all proceeds of the Accounts shall
            be applied in the manner provided in Section 4 of the Security
            Agreement.

6.    Until payment in full of all amounts due under the LCS Note and the
      Security Agreement, LCSG shall deliver to Quintel within ten (10) business
      days after the first day of each month:

      1.    a financial statement of LCSG and its subsidiaries setting forth all
            income and expenses for the preceding month and for the calendar
            year to date, certified as true and correct in all material respects
            by LCSG's President and Chief Financial Officer;

      2.    the schedule of new Accounts referred to in Section 4(a) above,
            certified as true and correct in all material respects by LCSG's
            President and Chief Financial Officer;

      3.    a statement of all collections of Accounts received by LCSG during
            the preceding month, certified as true and correct in all material
            respects by LCSG's President and Chief Financial Officer.

                                       4
<PAGE>

      2.    Quintel and LCSG shall request the Depository Bank to deliver to
            Quintel and LCSG a monthly statement of all collections of Accounts
            received in the Lockbox Account during the preceding month.

      3.    Upon payment in full of all amounts due to Quintel under the LCS
            Note and the Security Agreement, LCSG may deliver a letter of
            direction to the remaining Account Debtors consenting to payment of
            the Accounts being made to LCSG.

7.    Quintel shall continue to have the right to transmit e-mail messages to
      the Names in the Database marketing or promoting Quintel Products and
      Services in accordance with the provisions of the Marketing Agreement, and
      LCSG agrees to perform its obligations under the Marketing Agreement,
      including the provision of updates to the Database on a monthly basis.
      LCSG represents and warrants to Quintel that all additional Names in the
      Database shall be valid Names which shall have consented to the receipt of
      offers of products and services from LCSG's marketing affiliates and
      partners.

      1.    Until payment in full of the amounts due under the LCS Note and the
            Security Agreement:

            1.    the twenty-five cent ($0.25) Multibuyer Record Fee payable by
                  Quintel under the Marketing Agreement for every valid Name
                  delivered to Quintel or its Affiliate for registration in
                  multibuyer.com or grouplotto shall be credited by Quintel
                  monthly to the amounts due under the LCS Note, first to
                  interest and then to principal, within thirty (30) days after
                  the end of each month in which a Member Record is delivered,
                  and

            2.    LCSG's share of Net Revenue under the Marketing Agreement
                  shall be credited by Quintel monthly to the amounts due under
                  the LCS Note, first to interest and then to principal, at the
                  time payment of LCSG's share of Net Revenue is due under the
                  Marketing Agreement.

8.    Notwithstanding the provisions of Section 2 and the LCS Note, Quintel will
      forbear from demanding payment of the LCS Note or commencing any action
      against LCSG or its officers and directors with respect to the making of
      the Loan and the entry into the Marketing Agreement, provided that:

            1.    Quintel receives at least $10,000.00 per month in payments of
                  principal and interest on the LCS Note from LCSG, or
                  collections of the Accounts, or from the Guarantor, and

                                       5
<PAGE>

            2.    LCSG is generating gross revenues of at least $75,000.00 per
                  calendar month from the normal conduct of its business, and

            3.    LCSG is not in default in the performance of its obligations
                  under this Agreement.

9.    Nothing contained herein or in the Guaranty or the amendment to the
      Security Agreement shall be deemed to be or construed as a waiver by
      either party of any claims or other rights which it may have against the
      other party or their respective officers and directors with respect to the
      Loan, the LCS Note, the Marketing Agreement and the transactions described
      therein, all of which are specifically reserved.

10.   Upon receipt of payment of $300,000.00 under the LCS Note, Quintel shall
      deliver to LCSG a standard form of general release, releasing LCSG and its
      officers and directors from any claims regarding the Loan, the LCS Note,
      the Marketing Agreement and the transactions described therein in
      existence as of the date of this Agreement, and specifically excluding any
      claims arising under the Marketing Agreement and the transactions
      described therein after the date of this Agreement and any balance due
      under the LCS Note and the Security Agreement.

11.   The interpretation and construction of this Agreement, and all matters
      relating hereto, shall be governed by the law of the State of New York,
      without reference to its conflict of laws provisions. Unless applicable
      law requires a different method, any notice that must be given to LCSG
      under this Agreement will be given by delivering it or mailing it by first
      class mail to LCSG at its address set forth at the beginning of this
      Agreement or at such other address as LCSG may give notice of to the
      holder of this Agreement. Any action brought to enforce this Agreement may
      be brought in the State of New York, and each Party hereby consents to the
      personal jurisdiction of the federal and state courts located in the State
      of New York, and agrees that unless applicable law requires a different
      method, service of process in any such action may be made by first class
      mail upon a Party at its address set forth in the beginning of this
      Agreement or at such other address as a Party shall advise the other Party
      by written notice in accordance with this Agreement.

12.   Any notice or other communications required or permitted hereunder or
      under the Marketing Agreement shall be in writing and shall be deemed
      effective (a) upon personal delivery, if delivered by hand; (b) one day
      after the date of delivery by Federal Express or other nationally
      recognized courier service that provides a delivery receipt, if delivered
      by priority overnight delivery between any two points within the United
      States; or (c) five days after deposit in the mails, if mailed by
      certified or registered mail (return receipt requested) between any two
      points within the United States, and in each case of mailing, postage
      prepaid, addressed to a party at its address

                                       6
<PAGE>

      first set forth above, with copies to. Feder, Kaszovitz, Isaacson, Weber,
      Skala & Bass LLP, 750 Lexington Avenue, New York, New York 10022-1200,
      Attention: Geoffrey A. Bass, Telecopier #:212-888-7776, and to Littman
      Krooks Roth & Ball P.C., 655 Third Avenue, New York, NY 10017 Attn:
      Mitchell C. Littman, Telecopier #:212-490-2990, or such other address and
      telecopier number as shall be furnished in writing by like notice by any
      such party.

13.   In the event any provision of this Agreement is found to be void and
      unenforceable by a court of competent jurisdiction, the remaining
      provisions of this Agreement shall nevertheless be binding upon the
      parties with the same effect as though the void or unenforceable part had
      been severed and deleted.

14.   This Agreement may be executed in two or more counterparts, all of which
      taken together shall constitute one instrument. This Agreement, the
      Guaranty, and the amendment to the Security Agreement contain the entire
      understanding of the parties hereto with respect to the subject matter
      contained herein and therein. This Agreement, the Guaranty, and the
      amendment to the Security Agreement supersede all prior agreements and
      understandings between the parties with respect to such subject matter,
      except that the foregoing shall not impair the effectiveness of the LCS
      Note or the Marketing Agreement, which remain in effect in accordance with
      the respective terms except as modified by this Agreement. This Agreement
      may not be changed orally, but only by an agreement in writing signed by
      all parties.

IN WITNESS WHEREOF, the parties have each caused its corporate name to be
hereunto subscribed by their respective duly authorized officers on the date
first written above.

QUINTEL COMMUNICATIONS, INC.

By: /s/ Jeffrey Schwartz
    ------------------------------
    Name: Jeffrey Schwartz
          ------------------------
    Title: CEO
           -----------------------

LCS GOLF, INC.

By: /s/ Michael Mitchell
    ------------------------------
    Name: Michael Mitchell
    Title: Preseident/CEO

                                       7
<PAGE>

STATE OF NEW YORK: COUNTY OF ________________________: ss:

On the 8th day of August in the year 2000, before me, the undersigned, a Notary
Public in and for said state, personally appeared Michael Mitchell, personally
known to me or proved to me on the basis or satisfactory evidence to be the
person whose name is subscribed to the within instrument and acknowledged to me
that he executed same in his capacity, and that by his signature on the
instrument, the person, or the entity upon behalf of which the person acted,
executed the instrument.

                                  -----------------------------------
                                  Notary Public

STATE OF NEW YORK: COUNTY OF ________________________: ss:

On the _____ day of August in the year 2000, before me, the undersigned, a
Notary Public in and for said state, personally appeared
____________________________________, personally known to me or proved to me on
the basis or satisfactory evidence to be the person whose name is subscribed to
the within instrument and acknowledged to me that he executed same in his
capacity, and that by his signature on the instrument, the person, or the entity
upon behalf of which the person acted, executed the instrument.

                                  -----------------------------------
                                  Notary Public

                                       8
<PAGE>

                                   SCHEDULE 1

                                List of Accounts

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