Document:

EXHIBIT 10.3

                               SECURITY AGREEMENT

         This SECURITY AGREEMENT is entered into as of January 9, 2004, by Card
Acquisition, LLC (the "Debtor"), in favor of DTLL, Inc., a Minnesota corporation
("Secured Party").

                                    RECITALS

         A. Secured Party has agreed to make a loan of up to $150,000 to the
Debtor.

         B. To secure repayment of Secured Party's loan, the Debtor has agreed
to grant to Secured Party a security interest in the property described below.

         NOW, THEREFORE, for good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the Debtor agrees as follows:

         1. Grant of Security Interest. The Debtor grants to Secured Party a
security interest in the following described property of the Debtor (the
"Collateral").

         all of the Debtor's right, title and interest in and to all payment
         intangibles (as defined in the Uniform Commercial Code as in effect in
         the State of Minnesota) representing distributions of profit (as
         opposed to payments of expenses or returns of capital) to Debtor
         pursuant to that certain Agreement of General Partnership dated as of
         May 7, 2003 between Debtor and PRM Financial Services, Inc., a Texas
         corporation, relating to Credit Card Partners G.P., a Texas general
         partnership (the Partnership"), as the same may be amended,
         supplemented or otherwise modified from time to time, but in any case
         only those distributions of profit that directly relate to Portfolios
         (defined as a portfolio of non-performing consumer debt purchased by
         the Debtor through the use of an advance provided in accordance with a
         Promissory Note executed by and between the Debtor and Secured Party or
         in connection therewith the Debtor has acquired an interest through a
         joint venture) acquired by the Partnership for which Debtor financed
         its share of the Partnership's purchase price using monies advanced
         pursuant to such Promissory Note;

to secure payment to the Secured Party of the "Secured Obligations" as defined
below. Definitions in the Uniform Commercial Code as adopted and in effect in
the State of Minnesota shall apply to words and phrases used in this Security
Agreement.

         2. The Secured Obligations. Secured Party's security interest in the
Collateral shall secure payment and performance of each and every debt,
liability and obligation of Debtor to Secured Party, due or to become due,
direct or indirect, absolute or contingent, joint or several, howsoever created,
arising or evidenced, now existing or hereafter at any time created, arising or
incurred, under that certain Promissory Note executed by Debtor in favor of
Secured Party, of

<PAGE>

even date herewith, in the original principal amount of up to One Hundred Fifty
Thousand Dollars ($150,000) (the "Secured Obligations").

         3. Representations, Warranties and Covenants. Debtor represents,
warrants and agrees that so long as any of the Secured Obligations remain
outstanding and unsatisfied:

                  (a) The Debtor shall be the sole owner of the Collateral free
         and clear of all levies, attachments, liens, charges, encumbrances and
         security interests of every kind or character other than the security
         interest granted to the Secured Party hereby, except for the liens set
         forth on Exhibit A, as such liens may be extended, amended or
         supplemented from time to time.

                  (b) The Debtor has full power and authority to execute this
         Security Agreement and to subject the Collateral to the security
         interest created hereby. Except as set forth on Exhibit A, Debtor has
         not previously granted a security interest in favor of any creditor
         other than the Secured Party covering all or any part of the
         Collateral.

                  (c) The location of the chief executive office of Debtor as
         well as the location where Debtor maintains all books and records
         regarding the Collateral is set forth on the signature page hereof and
         will not be changed without prior written notice to the Secured Party.

                  (d) Debtor's true name is as set forth below. Neither Debtor
         nor any predecessor in title to any of the Collateral has executed any
         financing statements which remain of record or security agreements
         which remain in effect as "Debtor" covering any of the Collateral in
         any other name within the past five years.

                  (e) Debtor will, at any time or times hereafter, execute such
         financing statements and other instruments and perform such acts as the
         Secured Party may request to establish and maintain an attached,
         perfected and first priority (except as set forth on Exhibit A)
         security interest in the Collateral and will pay all costs of filing
         and recording. Debtor authorizes the Secured Party to file all of the
         Secured Party's financing statements and amendments thereto relative to
         the Collateral or any part thereof, in such form and substance as the
         Secured Party, in its sole discretion, may determine.

                  (f) Debtor shall not transfer or otherwise dispose of the
         Collateral outside its usual and ordinary course of business without
         the prior written consent of the Secured Party.

                  (g) Debtor shall keep the Collateral free and clear of all
         levies, attachments, liens, charges, encumbrances and security
         interests of every kind or character (except for the security interest
         granted to Secured Party hereunder and the existing security interest
         set forth on Exhibit A); and shall forever defend title thereto against
         claims of all persons.

                                       2
<PAGE>

                  (h) Debtor shall maintain all records, instruments or other
         documentation evidencing or otherwise relating to the Collateral at
         Debtor's chief executive office and will not remove any part thereof
         without the prior written consent of the Secured Party.

                  (i) At any time and from time to time, upon the written
         request of the Secured Party, the Debtor will promptly and duly execute
         and deliver such further instruments and documents and take such
         further actions as the Secured Party reasonably may request for the
         purposes of obtaining or preserving the full benefits of this Security
         Agreement and of the rights and powers granted by this Security
         Agreement.

         4. Secured Party's Authority; Power of Attorney. Upon the occurrence of
an Event of Default, the Secured Party shall have the authority, but shall not
be obligated to:

                  (a) demand, collect, receive and receipt for, compound,
         compromise, settle and prosecute and discontinue any suits or
         proceedings in respect of any or all of the Collateral in the name of
         Debtor or otherwise; and

                  (b) take any action permitted under applicable law which the
         Secured Party may deem necessary or desirable in order to realize on
         the Collateral, including, without limitation, performance of any
         contract and endorsement in the name of Debtor of any checks, drafts,
         notes or other instruments or documents received on account of the
         Collateral.

Debtor hereby irrevocably appoints the Secured Party as Debtor's agent and
attorney-in-fact, with full authority in the place and stead of Debtor and in
the name of Debtor, or otherwise, from time to time after the occurrence and
during the continuance of any Event of Default, in the Secured Party's
discretion, to take any action and to execute any instrument which the Secured
Party may deem necessary or advisable in pursuing or taking the foregoing rights
and actions.

         All powers, authorizations and agencies contained in this Security
Agreement are coupled with an interest and are irrevocable until this Security
Agreement is terminated and the liens created hereby are released.

         5. Default/Event of Default. The terms "default" or "Event of Default"
shall mean (i) failure to pay principal or interest on the Promissory Note
within ten (10) days of the date due, (ii) any default in performance of any of
Debtor's other obligations hereunder or under the Secured Obligations, provided
that a default shall not occur if Debtor remedies the violation or the failure
to perform within thirty (30) business days after receiving written notice from
Secured Party by personal delivery or certified mail; or (iii) cessation of
business operations, termination of business or dissolution of Debtor (except
that the occurrence of such events following the transfer of Debtor's business
and assets to its parent corporation shall not be an Event of Default), or
insolvency of Debtor, the commission of any act of bankruptcy by Debtor, or the
commencement of any bankruptcy, receivership or similar proceeding under
bankruptcy or Debtor's relief laws by or against Debtor. Upon the happening of
any of the foregoing events, Secured Party may, at its option, and without
notice to or demand on Debtor, do any one or more of the following immediately:

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<PAGE>

                  (a) Secured Party may exercise in respect of the Collateral,
         in addition to other rights and remedies otherwise available to it, all
         the rights and remedies of a secured party under the Uniform Commercial
         Code as adopted and in effect in the State of Minnesota (the "UCC").

                  (b) Without limiting the generality of the foregoing, the
         Secured Party may, upon default, to the fullest extent permitted by
         applicable law, without notice, hearing or process except as specified
         below, sell the Collateral or any part thereof in one or more parcels
         at public or private sale, for cash, on credit or for future deliver,
         and upon such other terms as the Secured Party may deem commercially
         reasonable, and the Secured Party may purchase all or any part of the
         Collateral at public or, if permitted by law, private sale, and in lieu
         of actual payment of such purchase price, may set off the amount of
         such purchase price against the Secured Obligations. The Secured Party
         may adjourn any public or private sale from time to time by
         announcement at the time and place fixed therefor, and such sale may,
         with notice, be made at the time and place to which it was so
         adjourned. The Secured Party may abandon any such proposed sale. The
         Secured Party may also elect to retain the Collateral in partial or
         full satisfaction of the Secured Obligations and Debtor agrees not to
         oppose such election. Debtor acknowledges that any private sales of
         Collateral effected by he Secured Party may result in terms less
         favorable to a seller than public sales but Debtor agrees that such
         private sales shall nevertheless be deemed commercially reasonable.

                  (c) If any notification of intended disposition of any of the
         Collateral is required by law, such notification shall be deemed
         reasonably and properly given if deposited in the United States Postal
         Service at least ten (10) days before such disposition, postage
         prepaid, addressed to the Debtor at the address set forth on the
         signature page hereof. Such disposition shall be established by
         affidavit of a representative of Secured Party, receipts or other
         reasonable method.

                  (d) Debtor agrees to pay all costs and expenses incurred by
         the Secured Party, including reasonable attorney's fees and court
         costs, in connection with any sale held pursuant to this Security
         Agreement or otherwise in connection with enforcing the rights of the
         Secured Party hereunder.

                  (e) The rights and remedies of the Secured Party hereunder are
         cumulative and nonexclusive and the exercise of any one or more of the
         remedies provided for herein or under the UCC shall not be construed as
         a waiver of any of the other remedies of the Secured Party so long as
         any part of the Secured Obligations remain unsatisfied. No failure on
         the part of the Secured Party to exercise, and no delay in exercising,
         any right, power or remedy hereunder shall operate as a waiver thereof,
         nor shall any single or partial exercise of any such right, power or
         remedy by the Secured Party preclude any other or further exercise
         thereof or the exercise of any other right, power or remedy.

                  (f) Any payments or proceeds received by the Secured Party
         from the Collateral shall be applied to the payment of costs and
         expenses incurred by the Secured

                                       4
<PAGE>

          Party in connection with performing, managing, maintaining or selling
          the Collateral, including reasonable attorneys' fees and expenses, and
          the balance, if any, shall be applied by the Secured Party to payment
          of the Secured Obligations, in order of application as the Secured
          Party shall determine.

         6. No Waiver. Any forbearance or failure to delay by Secured Party in
exercising any right, power or remedy shall not preclude the further exercise
thereof, and ever right, power or remedy of Secured Party shall continue in full
force and effect until such right, power or remedy is specifically waived by any
instrument in writing executed by Secured Party.

         7. Debtor's Waiver of Rights. Except as otherwise set forth herein, to
the fullest extent permitted by law, the Debtor waives the benefit of all laws
now existing or that may subsequently be enacted provided for (a) any
appraisement before sale of any portion of the Collateral, (b) any extension of
the time for the enforcement of the collection of the indebtedness or the
creation or extension of a period of redemption from any sale made in collecting
such debt, and (c) exemption of any portion of the Collateral from attachment,
levy or sale under execution or exemption from civil process. Except as
otherwise set forth herein, to the fullest extent the Debtor may do so, the
Debtor agrees that the Debtor will not at any time insist upon, plead, claim or
take the benefit or advantage of any law now or hereafter in force providing for
any appraisement, valuation, stay, exemption, extension or redemption, or
requiring foreclosure of this Security Agreement before exercising any other
remedy granted hereunder and the Debtor, for the Debtor and its successors and
assigns, and for any and all persons ever claiming any interest in the
Collateral, to the extent permitted by law, hereby waives and releases all
rights of redemption, valuation, appraisement, stay of execution, notice of
election to mature or declare due the whole of the Secured Obligations and
marshalling in the event of foreclosure of the liens hereby created.

         Executed and delivered at Minneapolis, Minnesota as of the 9th day of
January, 2004.

                                           CARD ACQUISITION, LLC

                                           By:      /s/ Michael J. Philippe
                                               ---------------------------------
                                           Name:    Michael J. Philippe
                                                 -------------------------------
                                           Title:   President & CEO
                                                  ------------------------------

                                           Address:

                                           Card Acquisition, LLC
                                           116 West 69th Street, Suite 201
                                           Sioux Falls, SD 57108

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<PAGE>

                                    EXHIBIT A

The rights of PRM Financial Services, Inc., a Texas corporation, under the
Agreement of General Partnership referenced in Section 1 of the Security
Agreement could be considered an encumbrance of the Company's rights to receive
distributions of profit under such Agreement of General Partnership.

                                       6Exhibit 10.10

Exhibit 10.10

FORM OF

FIRST AMENDED AND RESTATED 

CONSULTING SERVICES AGREEMENT

                THIS FIRST AMENDED AND RESTATED CONSULTING SERVICES AGREEMENT (the
"Agreement"), is entered into this ____ day of ________, 2004, by and between 
DDS Technologies USA, Inc. ("DDS"), a Nevada corporation, with offices at
150 East Palmetto Park Road, Suite 510, Boca Raton, Florida 33432, DDS
Holdings, Inc., a Delaware corporation and subsidiary of DDS ("DDS
Holdings"), and Lee Rosen, a Florida resident, with an address at 17405
Loch Lomond Way, Boca Raton, Florida 33496 ("Consultant"). 

                WHEREAS, Consultant and DDS Holdings entered into that certain Consulting
Services Agreement dated October 1, 2002, a copy of which is attached hereto and
made a part hereof by reference (the "Original Consulting Agreement");

                WHEREAS, the parties to this Agreement desire to amend and modify the
Original Consulting Agreement consistent with the terms and conditions set forth
herein;

                WHEREAS, Consultant continues to be experienced in advising companies on
capital structure, mergers and acquisitions and investor relations strategy and
has knowledge of and contacts that may further the goals of DDS;

                WHEREAS, DDS desires to obtain consulting services from Consultant and
Consultant desires to continue to provide such services for the fees provided
herein;

                NOW, THEREFORE, in consideration of the mutual promises contained herein,
it is agreed by and between DDS, DDS Holdings and Consultant as follows:

                1.         Duties of the Consultant. Consultant agrees to use
his reasonable best efforts to render assistance to DDS in development of
capital structure, mergers and acquisitions and investor relations strategy
("Consulting Services"). Consultant will provide such services to DDS from time
to time only as specifically and reasonably requested by DDS through its
President/Chief Executive Officer to which Consultant will report directly.
Consultant will make himself available to DDS, upon reasonable request,
including reasonable notice, to perform the Consulting Services for a maximum of
ten days per month, and will perform the Consulting Services with substantially
the same diligence exhibited in his performance of the original Consulting
Agreement. Consultant hereby acknowledges and agrees that Consultant is not an
agent, employee, partner or other legal representative of DDS with the ability
to enter into any agreement on behalf of DDS without the specific prior approval
of the President/Chief Executive Officer and Consultant shall not hold himself
out as such while providing such consulting services. Consultant further agrees
not to incur or attempt to incur any indebtedness, liability or obligation on
behalf of DDS or DDS Holdings or take any action on behalf of DDS or DDS
Holdings without the prior approval of the President/Chief Executive Officer of
DDS.

                2.        Term of Agreement. This Agreement shall be for a term
of Eighty-Four (84) months effective as of this date, unless earlier terminated
in accordance with Section 5 of this Agreement.

                3.        Compensation/Expenses. Consultant shall be entitled
to a monthly fee of $15,000 during the term of this Agreement, which fee shall
be payable on the 15th day of each month. Consultant shall not be entitled to
any reimbursement of expenses incurred as a result of performing consulting
services under this Agreement unless such expenses are reasonable and approved
by the President/Chief Executive Officer of DDS prior to Consultant incurring
such expenses.

                4.        Independent Contractor. This Agreement is not an
employment contract and does not give Consultant any employment rights. Both
Consultant and DDS agree that the relationship created by this Agreement is that
of an independent contractor and not that of employee and employer. Consultant
hereby acknowledges that Consultant shall not at any time during the term of
this Agreement unilaterally act on behalf of DDS or DDS Holdings unless and
until Consultant seeks and obtains specific prior approval from the
President/Chief Executive Officer of DDS. The Consultant is responsible for the
payment of any taxes, including without limitation, all Federal, State and local
personal and business income taxes, sales and use taxes, other business taxes
and license fees arising out of the activities of the Consultant. 

                5.        Termination. This Agreement may be terminated by DDS
only for cause (as defined below) effective immediately upon the giving by DDS
to Consultant of written notice of the termination for cause, which notice shall
specify the basis for such termination. Upon termination of this Agreement in
accordance with this Section 5, Consultant shall not be entitled to receive any
further fees hereunder except such fees as shall be payable through the date of
such termination. For purposes of this Agreement, the term "cause" shall mean:

        (a) the Consultant breaches the provisions of the third
        sentence of Section 4 above limiting Consultant's authority to act on
        behalf of DDS or DDS Holdings which breach is not cured within fifteen
        days after receipt by the Consultant of written notice of the same;

        
        (b) the Consultant is convicted of a felony, provided that
        such conviction is not overturned on appeal and any appeal period has
        expired;

        
        (c) the Consultant willfully damages property of DDS or DDS
        Holdings;

        
        (d) any act by the Consultant during the term of this
        Agreement involving theft, dishonesty, fraud or embezzlement against DDS
        or DDS Holdings resulting in material harm to DDS and DDS Holdings which
        act is not cured within fifteen days after receipt by the Consultant of
        written notice of same;

        
        (e) the Consultant not making himself available to DDS, upon
        reasonable notice of request by DDS, to perform the Consulting Services
        for up to ten days per month in accordance with Section 1 of this
        Agreement;

        
        (f) the Consultant not performing such Consulting Services as
        specifically and reasonably requested by DDS through its President/Chief
        Executive Officer in accordance with Section 1 of this Agreement;

      
    
  

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        (g) the Consultant not performing the Consulting Services in a
        manner and dedication as exhibited when Consultant performed similar
        duties in connection with the Original Consulting Agreement; or

      
    
  

        (h) the Consultant breaches Section 6 of this Agreement
        regarding disclosure of Confidential Information which breach is not
        cured within fifteen days after receipt by Consultant of written notice
        of same.

      
    
  

               
The Consultant shall be given written notice by DDS that it intends to terminate
this Agreement for cause, which written notice shall specify the act or acts
upon the basis of which DDS intends to terminate this Agreement, and the
Consultant shall then be given the opportunity, within fifteen days of his
receipt of such notice, to have a meeting with the Board of Directors of DDS to
discuss such act or acts. The Consultant shall be given fifteen days after such meeting within which to cease or correct the performance (or
nonperformance) giving rise to such written notice.

                It is specifically understood and agreed that unsatisfactory performance by
Consultant of Consulting Services beyond the grounds specifically enumerated in
this Section 5 shall not constitute grounds for termination of this Agreement.

                6.         Confidential Information. Consultant hereby
acknowledges that during the performance of this Agreement, Consultant may learn
or receive information related to the business of DDS or DDS Holdings,
including, but not limited to, names of its investors or prospective investors,
its manner of operations, its business plan, its marketing, its methods, its
vendors and its suppliers ("Confidential Information"). Consultant hereby
confirms that it will not divulge or disclose Confidential Information to any
other person, other than in connection with the performance of the Consulting
Services, except as may be required by law.

                7.         Original Consulting Agreement. The parties agree that
the Original Consulting Agreement shall be null and void and of no further force
or effect. Consultant hereby releases DDS from any and all obligations arising
out of the Original Consulting Agreement. Each of DDS and DDS Holdings hereby
releases Consultant from any and all obligations arising out of the Original
Consulting Agreement. 

                8.         Notices. Each notice required to be given pursuant to
this Agreement shall be properly given if sent by one party to the other by
certified or registered mail, postage prepaid, or registered return receipt
courier mail addressed to the other at the address set forth in the first
paragraph of this Agreement. 

                9.         Non-waiver. The failure of either party to exercise
any of its rights under this Agreement at any time does not constitute a breach
thereof and shall not be deemed to be a waiver of such rights or a waiver of any
subsequent breach.

                10.       Choice of Law. This Agreement and the
respective rights and obligations of the parties shall be governed by and
determined in accordance with the laws of the State of Florida, without regard
to its conflict of law provision. 

-3-

                11.        Authority. Each party represents that the individual
signing this Agreement on that party's behalf has been duly authorized to bind
said party to undertake the obligations and to carry out the terms and
provisions thereof.

                12.        Severability. Whenever possible, each provision of
this Agreement shall be interpreted in such manner as to be effective and valid
under applicable law. If any court of competent jurisdiction determines that any
part of this Agreement is invalid or unenforceable, that determination shall not
impair or nullify the remainder of the Agreement.

                13.         Headings. The headings in this Agreement are
inserted for convenience only and are not to be considered in construction of
the provisions hereof. 

                14.         Miscellaneous. This Agreement (a) may only be
amended by a writing signed by DDS and Consultant, (b) inures to the benefit of
and is binding upon DDS and Consultant and each of their successors and assigns,
except that Consultant may not assign any of Consultant's rights or obligations
under this Agreement without first obtaining the written consent of DDS, (c)
constitutes the entire agreement between DDS and Consultant with respect to the
subject matter of this Agreement, superseding all oral and written proposals,
representations, understandings and agreements previously made or existing with
respect to such subject matter, and (d) may be executed in counterparts, each of
which shall be deemed an original, and all of which taken together shall
constitute one and the same instrument.

                IN WITNESS WHEREOF, the parties have executed and delivered this
Agreement as of the effective date in the introduction paragraph hereof.

	 	

    DDS TECHNOLOGIES USA, INC.
	 		 
	 		 
	 	By: 	 
	 	 	Name: Spencer Sterling
	 	 	Title: President/Chief Executive Officer
	 	
 
	 	
 
	 	

    DDS HOLDINGS, INC.
	 	 	 
	 	 	 
	 	By: 	 
	 	 	Name: 
	 	 	Title: 
	 	 
	 	 
	 	Lee Rosen

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EXHIBIT "A"

The Original Consulting Agreement

 

 

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