Document:

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                                                                    Exhibit 4.01

                                HNC SOFTWARE INC.

                        1995 EMPLOYEE STOCK PURCHASE PLAN

                             As Adopted May 4, 1995
          As Amended January 23, 1998, March 18, 1999, March 30, 2000,
                      January 1, 2001, and January 1, 2002

        1. ESTABLISHMENT OF PLAN. HNC Software Inc., a Delaware corporation (the
"COMPANY"), proposes to grant options for purchase of the Company's Common
Stock, $0.001 par value, to eligible employees of the Company and its
Subsidiaries (as hereinafter defined) pursuant to this Employee Stock Purchase
Plan (this "PLAN"). For purposes of this Plan, "PARENT CORPORATION" and
"SUBSIDIARY" (collectively, "SUBSIDIARIES") shall have the same meanings as
"parent corporation" and "subsidiary corporation" in Sections 424(e) and 424(f),
respectively, of the Internal Revenue Code of 1986, as amended (the "CODE"). The
Company intends this Plan to qualify as an "employee stock purchase plan" under
Section 423 of the Code (including any amendments to or replacements of such
Section), and this Plan shall be so construed. Any term not expressly defined in
this Plan but defined for purposes of Section 423 of the Code shall have the
same definition herein. A total of 1,527,147 shares of the Company's Common
Stock is reserved for issuance under this Plan. In addition, on each January 1,
the aggregate number of shares of the Company's Common Stock reserved for
issuance under this Plan shall be increased automatically by a number of shares
equal to one percent (1%) of the total outstanding shares of the Company as of
the immediately preceding December 31; provided, however, that the automatic
annual increase shall not operate to increase the shares available for issuance
under the Plan above 15,000,000 Shares which is the maximum number of Shares
available for issuance under the Plan. Such Share numbers shall be subject to
adjustments effected in accordance with Section 14 of this Plan. Such number
shall be subject to adjustments effected in accordance with Section 14 of this
Plan.

        2. PURPOSE. The purpose of this Plan is to provide employees of the
Company and Subsidiaries designated by the Board of Directors of the Company
(the "BOARD") as eligible to participate in this Plan with a convenient means of
acquiring an equity interest in the Company through payroll deductions, to
enhance such employees' sense of participation in the affairs of the Company and
Subsidiaries, and to provide an incentive for continued employment.

        3. ADMINISTRATION. This Plan shall be administered by a committee
appointed by the Board (the "COMMITTEE") consisting of at least two (2) members
of the Board, each of whom is a Disinterested Person as defined in Rule 16b-3(d)
of the Securities Exchange Act of 1934 (the "EXCHANGE ACT"). As used in this
Plan, references to the "Committee" shall mean either such committee or the
Board if no committee has been established. After registration of the Company
under the Exchange Act, Board members who are not Disinterested Persons may not
vote on any matters affecting the administration of this Plan, but any such
member may be counted for determining the existence of a quorum at any meeting
of the Board. Subject to the provisions of this Plan and the limitations of
Section 423 of the Code or any successor provision in the Code, all questions of
interpretation or application of this Plan shall be determined by the Board and
its

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decisions shall be final and binding upon all participants. Members of the Board
shall receive no compensation for their services in connection with the
administration of this Plan, other than standard fees as established from time
to time by the Board for services rendered by Board members serving on Board
committees. All expenses incurred in connection with the administration of this
Plan shall be paid by the Company.

        4. ELIGIBILITY. Any employee of the Company or the Subsidiaries is
eligible to participate in an Offering Period (as hereinafter defined) under
this Plan except the following:

            (a) employees who are not employed by the Company or Subsidiaries
one (1) month before the beginning of such Offering Period;

            (b) employees who are customarily employed for less than twenty (20)
hours per week;

            (c) employees who are customarily employed for less than five (5)
months in a calendar year;

            (d) employees who, together with any other person whose stock would
be attributed to such employee pursuant to Section 424(d) of the Code, own stock
or hold options to purchase stock possessing five percent (5%) or more of the
total combined voting power or value of all classes of stock of the Company or
any of its Subsidiaries or who, as a result of being granted an option under
this Plan with respect to such Offering Period, would own stock or hold options
to purchase stock possessing five percent (5%) or more of the total combined
voting power or value of all classes of stock of the Company or any of its
Subsidiaries.

        5. OFFERING DATES. The offering periods of this Plan (each, an "OFFERING
PERIOD") shall be of twelve (12) months duration commencing on February 1 and
August 1 of each year and ending on January 31 and July 31, respectively,
thereafter; provided, however, that notwithstanding the foregoing, the first
such Offering Period shall commence on the first business day after the date on
which the registration statement filed by the Company with the Securities and
Exchange Commission ("SEC") under the Securities Act of 1933, as amended (the
"SECURITIES ACT") registering the initial public offering of the Company's
Common Stock is declared effective by the SEC (the "FIRST OFFERING DATE") and
shall end on January 31, 1996. Each Offering Period shall consist of two (2)
six-month purchase periods (individually, a "PURCHASE PERIOD") during which
payroll deductions of the participants are accumulated under this Plan. The
first business day of each Offering Period is referred to as the "OFFERING
DATE". The last business day of each Purchase Period is referred to as the
"PURCHASE DATE". The Board shall have the power to change the duration of
Offering Periods or Purchase Periods with respect to future offerings without
stockholder approval if such change is announced at least fifteen (15) days
prior to the scheduled beginning of the first Offering Period or Purchase Period
to be affected.

        6. PARTICIPATION IN THIS PLAN. Eligible employees may become
participants in an Offering Period under this Plan on the first Offering Date
after satisfying the eligibility requirements by delivering a subscription
agreement to the Company's treasury department (the "TREASURY DEPARTMENT") not
later than the 15th day of the month before such Offering Date unless a later
time for filing the subscription agreement authorizing payroll deductions is set
by the Board

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for all eligible employees with respect to a given Offering Period. An eligible
employee who does not deliver a subscription agreement to the Treasury
Department by such date after becoming eligible to participate in such Offering
Period shall not participate in that Offering Period or any subsequent Offering
Period unless such employee enrolls in this Plan by filing a subscription
agreement with the Treasury Department not later than the 15th day of the month
preceding a subsequent Offering Date. Once an employee becomes a participant in
an Offering Period, such employee will automatically participate in the Offering
Period commencing immediately following the last day of the prior Offering
Period unless the employee withdraws or is deemed to withdraw from this Plan or
terminates further participation in the Offering Period as set forth in Section
11 below. Such participant is not required to file any additional subscription
agreement in order to continue participation in this Plan.

        7. GRANT OF OPTION ON ENROLLMENT. Enrollment by an eligible employee in
this Plan with respect to an Offering Period will constitute the grant (as of
the Offering Date) by the Company to such employee of an option to purchase on
the Purchase Date up to that number of shares of Common Stock of the Company
determined by dividing (a) the amount accumulated in such employee's payroll
deduction account during such Purchase Period by (b) the lower of (i)
eighty-five percent (85%) of the fair market value of a share of the Company's
Common Stock on the Offering Date (but in no event less than the par value of a
share of the Company's Common Stock), or (ii) eighty-five percent (85%) of the
fair market value of a share of the Company's Common Stock on the Purchase Date
(but in no event less than the par value of a share of the Company's Common
Stock); provided, however, that the number of shares of the Company's Common
Stock subject to any option granted pursuant to this Plan shall not exceed the
lesser of (a) the maximum number of shares set by the Board pursuant to Section
10(c) below with respect to the applicable Offering Period, or (b) the maximum
number of shares which may be purchased pursuant to Section 10(b) below with
respect to the applicable Offering Period. The fair market value of a share of
the Company's Common Stock shall be determined as provided in Section 8 hereof.

        8. PURCHASE PRICE. The purchase price per share at which a share of
Common Stock will be sold in any Offering Period shall be eighty-five percent
(85%) of the lesser of:

            (a) The fair market value on the Offering Date; or

            (b) The fair market value on the Purchase Date;

provided, however, that in no event may the purchase price per share of the
Company's Common Stock be below the par value per share of the Company's Common
Stock.

        For purposes of this Plan, the term "FAIR MARKET VALUE" on a given date
shall mean the fair market value of the Company's Common Stock as determined by
the Board in its sole discretion, exercised in good faith; provided, however,
that where there is a public market for the Common Stock, the fair market value
per share shall be the average of the last reported bid and asked prices of the
Common Stock on the last trading day prior to the date of determination (or the
average closing price over the number of consecutive trading days preceding the
date of determination as the Board shall deem appropriate), or, in the event the
Common Stock is listed on a stock exchange or on the Nasdaq National Market, the
fair market value per share shall be the closing price on such exchange or
quotation system on the last trading date prior to the date of

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determination (or the average closing price over the number of consecutive
trading days preceding the date of determination as the Board shall deem
appropriate); and provided further, that notwithstanding the foregoing, the fair
market value of the Company's Common Stock on the First Offering Date (which is
the first business day of the first Offering Period under this Plan) shall be
deemed to be the price per share at which shares of the Company's Common Stock
are initially offered for sale to the public in the Company's initial public
offering of its Common Stock pursuant to a registration statement filed with the
SEC under the Securities Act.

        9. PAYMENT OF PURCHASE PRICE; CHANGES IN PAYROLL DEDUCTIONS; ISSUANCE OF
SHARES.

            (a) The purchase price of the shares is accumulated by regular
payroll deductions made during each Offering Period. The deductions are made as
a percentage of the participant's compensation in one percent (1%) increments
not less than two percent (2%), nor greater than ten percent (10%) or such lower
limit set by the Committee. Compensation shall mean all W-2 compensation,
including, but not limited to base salary, wages, commissions, overtime, shift
premiums and bonuses, plus draws against commissions; provided, however, that
for purposes of determining a participant's compensation, any election by such
participant to reduce his or her regular cash remuneration under Sections 125 or
401(k) of the Code shall be treated as if the participant did not make such
election. Payroll deductions shall commence on the first payday following the
Offering Date and shall continue to the end of the Offering Period unless sooner
altered or terminated as provided in this Plan.

            (b) A participant may lower (and, effective for Offering Periods
commencing on or after February 1, 1998, increase) the rate of payroll
deductions during an Offering Period by filing with the Treasury Department a
new authorization for payroll deductions, in which case the new rate shall
become effective for the next payroll period commencing more than fifteen (15)
days after the Treasury Department's receipt of the authorization and shall
continue for the remainder of the Offering Period unless changed as described
below. Such change in the rate of payroll deductions may be made at any time
during an Offering Period, but not more than one (1) change may be made
effective during any Offering Period. A participant may increase or decrease the
rate of payroll deductions for any subsequent Offering Period by filing with the
Treasury Department a new authorization for payroll deductions not later than
the 15th day of the month before the beginning of such Offering Period.

            (c) All payroll deductions made for a participant are credited to
his or her account under this Plan and are deposited with the general funds of
the Company. No interest accrues on the payroll deductions. All payroll
deductions received or held by the Company may be used by the Company for any
corporate purpose, and the Company shall not be obligated to segregate such
payroll deductions.

            (d) On each Purchase Date, so long as this Plan remains in effect
and provided that the participant has not submitted a signed and completed
withdrawal form before that date which notifies the Company that the participant
wishes to withdraw from that Offering Period under this Plan and have all
payroll deductions accumulated in the account maintained on behalf of the
participant as of that date returned to the participant, the Company shall apply
the funds then in the participant's account to the purchase of whole shares of
Common Stock reserved under the option granted to such participant with respect
to the Offering Period to the extent that such option is

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exercisable on the Purchase Date. The purchase price per share shall be as
specified in Section 8 of this Plan. Any cash remaining in a participant's
account after such purchase of shares shall be refunded to such participant in
cash, without interest. In the event that this Plan has been oversubscribed, all
funds not used to purchase shares on the Purchase Date shall be returned to the
participant, without interest. No Common Stock shall be purchased on a Purchase
Date on behalf of any employee whose participation in this Plan has terminated
prior to such Purchase Date.

            (e) As promptly as practicable after the Purchase Date, the Company
shall arrange the delivery to each participant of a certificate representing the
shares purchased upon exercise of his option.

            (f) During a participant's lifetime, such participant's option to
purchase shares hereunder is exercisable only by him or her. The participant
will have no interest or voting right in shares covered by his or her option
until such option has been exercised. Shares to be delivered to a participant
under this Plan will be registered in the name of the participant or in the name
of the participant and his or her spouse.

        10. LIMITATIONS ON SHARES TO BE PURCHASED.

            (a) No employee shall be entitled to purchase stock under this Plan
at a rate which, when aggregated with his or her rights to purchase stock under
all other employee stock purchase plans of the Company or any Subsidiary,
exceeds $25,000 in fair market value, determined as of the Offering Date (or
such other limit as may be imposed by the Code) for each calendar year in which
the employee participates in this Plan.

            (b) No more than two hundred percent (200%) of the number of shares
determined by using eighty-five percent (85%) of the fair market value of a
share of the Company's Common Stock on the Offering Date as the denominator may
be purchased by a participant on any single Purchase Date.

            (c) No employee shall be entitled to purchase more than the Maximum
Share Amount (as defined below) on any single Purchase Date. Not less than
thirty (30) days prior to the commencement of any Offering Period, the Board
may, in its sole discretion, set a maximum number of shares which may be
purchased by any employee at any single Purchase Date (hereinafter the "MAXIMUM
SHARE AMOUNT"). In no event shall the Maximum Share Amount exceed the amounts
permitted under Section 10(b) above. If a new Maximum Share Amount is set, then
all participants must be notified of such Maximum Share Amount not less than
fifteen (15) days prior to the commencement of the next Offering Period. Once
the Maximum Share Amount is set, it shall continue to apply with respect to all
succeeding Purchase Dates and Offering Periods unless revised by the Board as
set forth above.

            (d) If the number of shares to be purchased on a Purchase Date by
all employees participating in this Plan exceeds the number of shares then
available for issuance under this Plan, then the Company will make a pro rata
allocation of the remaining shares in as uniform a manner as shall be reasonably
practicable and as the Board shall determine to be equitable. In such event, the
Company shall give written notice of such reduction of the number of shares to
be purchased under a participant's option to each participant affected thereby.

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            (e) Any payroll deductions accumulated in a participant's account
which are not used to purchase stock due to the limitations in this Section 10
shall be returned to the participant as soon as practicable after the end of the
applicable Purchase Period, without interest.

        11. WITHDRAWAL.

            (a) Each participant may withdraw from an Offering Period under this
Plan by signing and delivering to the Treasury Department a written notice to
that effect on a form provided for such purpose. Such withdrawal may be elected
at any time at least fifteen (15) days prior to the end of an Offering Period.

            (b) Upon withdrawal from this Plan, the accumulated payroll
deductions shall be returned to the withdrawn participant, without interest, and
his or her interest in this Plan shall terminate. In the event a participant
voluntarily elects to withdraw from this Plan, he or she may not resume his or
her participation in this Plan during the same Offering Period, but he or she
may participate in any Offering Period under this Plan which commences on a date
subsequent to such withdrawal by filing a new authorization for payroll
deductions in the same manner as set forth above for initial participation in
this Plan.

            (c) If the purchase price on the first day of any current Offering
Period in which a participant is enrolled is higher than the purchase price on
the first day of any subsequent Offering Period, the Company will automatically
enroll such participant in the subsequent Offering Period. A participant does
not need to file any forms with the Company to automatically be enrolled in the
subsequent Offering Period.

        12. TERMINATION OF EMPLOYMENT. Termination of a participant's employment
for any reason, including retirement, death or the failure of a participant to
remain an eligible employee, immediately terminates his or her participation in
this Plan. In such event, the payroll deductions credited to the participant's
account will be returned to him or her or, in the case of his or her death, to
his or her legal representative, without interest. For purposes of this Section
12, an employee will not be deemed to have terminated employment or failed to
remain in the continuous employ of the Company in the case of sick leave,
military leave, or any other leave of absence approved by the Board; provided
that such leave is for a period of not more than ninety (90) days or
reemployment upon the expiration of such leave is guaranteed by contract or
statute.

        13. RETURN OF PAYROLL DEDUCTIONS. In the event a participant's interest
in this Plan is terminated by withdrawal, termination of employment or
otherwise, or in the event this Plan is terminated by the Board, the Company
shall promptly deliver to the participant all payroll deductions credited to
such participant's account. No interest shall accrue on the payroll deductions
of a participant in this Plan.

        14. CAPITAL CHANGES. Subject to any required action by the stockholders
of the Company, the number of shares of Common Stock covered by each option
under this Plan which has not yet been exercised and the number of shares of
Common Stock which have been authorized for issuance under this Plan but have
not yet been placed under option (collectively, the "RESERVES"), as well as the
price per share of Common Stock covered by each option under this Plan which has
not

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yet been exercised, shall be proportionately adjusted for any increase or
decrease in the number of issued and outstanding shares of Common Stock of the
Company resulting from a stock split or the payment of a stock dividend (but
only on the Common Stock) or any other increase or decrease in the number of
issued and outstanding shares of Common Stock effected without receipt of any
consideration by the Company; provided, however, that conversion of any
convertible securities of the Company shall not be deemed to have been "effected
without receipt of consideration"; and provided further, that the price per
share of Common Stock shall not be reduced below its par value per share. Such
adjustment shall be made by the Board, whose determination shall be final,
binding and conclusive. Except as expressly provided herein, no issue by the
Company of shares of stock of any class, or securities convertible into shares
of stock of any class, shall affect, and no adjustment by reason thereof shall
be made with respect to, the number or price of shares of Common Stock subject
to an option.

        In the event of the proposed dissolution or liquidation of the Company,
the Offering Period will terminate immediately prior to the consummation of such
proposed action, unless otherwise provided by the Board. The Board may, in the
exercise of its sole discretion in such instances, declare that the options
under this Plan shall terminate as of a date fixed by the Board and give each
participant the right to exercise his or her option as to all of the optioned
stock, including shares which would not otherwise be exercisable. In the event
of a proposed sale of all or substantially all of the assets of the Company, or
the merger or consolidation of the Company with or into another corporation,
each option under this Plan shall be assumed or an equivalent option shall be
substituted by such successor corporation or a parent or subsidiary of such
successor corporation, unless the Board determines, in the exercise of its sole
discretion and in lieu of such assumption or substitution, that the participant
shall have the right to exercise the option as to all of the optioned stock. If
the Board makes an option exercisable in lieu of assumption or substitution in
the event of a merger, consolidation or sale of assets, the Board shall notify
the participant that the option shall be fully exercisable for a period of
twenty (20) days from the date of such notice, and the option will terminate
upon the expiration of such period.

        The Board may, if it so determines in the exercise of its sole
discretion, also make provision for adjusting the Reserves, as well as the price
per share of Common Stock covered by each outstanding option, in the event that
the Company effects one or more reorganizations, recapitalizations, rights
offerings or other increases or reductions of shares of its outstanding Common
Stock, or in the event of the Company being consolidated with or merged into any
other corporation; provided, that the price per share of Common Stock shall not
be reduced below its par value per share.

        15. NONASSIGNABILITY. Neither payroll deductions credited to a
participant's account nor any rights with regard to the exercise of an option or
to receive shares under this Plan may be assigned, transferred, pledged or
otherwise disposed of in any way (other than by will, the laws of descent and
distribution or as provided in Section 22 hereof) by the participant. Any such
attempt at assignment, transfer, pledge or other disposition shall be void and
without effect.

        16. REPORTS. Individual accounts will be maintained for each participant
in this Plan. Each participant shall receive promptly after the end of each
Purchase Period a report of his or her account setting forth the total payroll
deductions accumulated, the number of shares purchased, the

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per share price thereof and the remaining cash balance, if any, carried forward
to the next Purchase Period or Offering Period, as the case may be.

        17. NOTICE OF DISPOSITION. Each participant shall notify the Company if
the participant disposes of any of the shares purchased in any Offering Period
pursuant to this Plan if such disposition occurs within two (2) years from the
Offering Date or within one (1) year from the Purchase Date on which such shares
were purchased (the "NOTICE PERIOD"). Unless such participant is disposing of
any of such shares during the Notice Period, such participant shall keep the
certificates representing such shares in his or her name (and not in the name of
a nominee) during the Notice Period. The Company may, at any time during the
Notice Period, place a legend or legends on any certificate representing shares
acquired pursuant to this Plan requesting the Company's transfer agent to notify
the Company of any transfer of the shares. The obligation of the participant to
provide such notice shall continue notwithstanding the placement of any such
legend on the certificates.

        18. NO RIGHTS TO CONTINUED EMPLOYMENT. Neither this Plan nor the grant
of any option hereunder shall confer any right on any employee to remain in the
employ of the Company or any Subsidiary, or restrict the right of the Company or
any Subsidiary to terminate such employee's employment.

        19. EQUAL RIGHTS AND PRIVILEGES. All eligible employees shall have equal
rights and privileges with respect to this Plan so that this Plan qualifies as
an "employee stock purchase plan" within the meaning of Section 423 or any
successor provision of the Code and the related regulations. Any provision of
this Plan which is inconsistent with Section 423 or any successor provision of
the Code shall, without further act or amendment by the Company or the Board, be
reformed to comply with the requirements of Section 423. This Section 19 shall
take precedence over all other provisions in this Plan.

        20. NOTICES. All notices or other communications by a participant to the
Company under or in connection with this Plan shall be deemed to have been duly
given when received in the form specified by the Company at the location, or by
the person, designated by the Company for the receipt thereof.

        21. TERM; STOCKHOLDER APPROVAL. After this Plan is adopted by the Board,
this Plan will become effective on the date that is the First Offering Date (as
defined above); provided, however, that if the First Offering Date does not
occur on or before December 31, 1995, this Plan will terminate as of December
31, 1995 having never become effective. This Plan shall be approved by the
stockholders of the Company, in any manner permitted by applicable corporate
law, within twelve (12) months before or after the date this Plan is adopted by
the Board. No purchase of shares pursuant to this Plan shall occur prior to such
stockholder approval. Thereafter, no later than twelve (12) months after the
Company becomes subject to Section 16(b) of the Exchange Act, the Company will
comply with the requirements of Rule 16b-3 with respect to stockholder approval.
This Plan shall continue until the earlier to occur of (a) termination of this
Plan by the Board (which termination may be effected by the Board at any time),
(b) issuance of all of the shares of Common Stock reserved for issuance under
this Plan, or (c) ten (10) years from the adoption of this Plan by the Board.

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        22. DESIGNATION OF BENEFICIARY.

            (a) A participant may file a written designation of a beneficiary
who is to receive any shares and cash, if any, from the participant's account
under this Plan in the event of such participant's death subsequent to the end
of an Purchase Period but prior to delivery to him of such shares and cash. In
addition, a participant may file a written designation of a beneficiary who is
to receive any cash from the participant's account under this Plan in the event
of such participant's death prior to a Purchase Date.

            (b) Such designation of beneficiary may be changed by the
participant at any time by written notice. In the event of the death of a
participant and in the absence of a beneficiary validly designated under this
Plan who is living at the time of such participant's death, the Company shall
deliver such shares or cash to the executor or administrator of the estate of
the participant, or if no such executor or administrator has been appointed (to
the knowledge of the Company), the Company, in its discretion, may deliver such
shares or cash to the spouse or to any one or more dependents or relatives of
the participant, or if no spouse, dependent or relative is known to the Company,
then to such other person as the Company may designate.

        23. CONDITIONS UPON ISSUANCE OF SHARES; LIMITATION ON SALE OF SHARES.
Shares shall not be issued with respect to an option unless the exercise of such
option and the issuance and delivery of such shares pursuant thereto shall
comply with all applicable provisions of law, domestic or foreign, including,
without limitation, the Securities Act of 1933, as amended, the Exchange Act,
the rules and regulations promulgated thereunder, and the requirements of any
stock exchange or automated quotation system upon which the shares may then be
listed, and shall be further subject to the approval of counsel for the Company
with respect to such compliance.

        24. APPLICABLE LAW. The Plan shall be governed by the substantive laws
(excluding the conflict of laws rules) of the State of Delaware.

        25. AMENDMENT OR TERMINATION OF THIS PLAN. The Board may at any time
amend, terminate or the extend the term of this Plan, except that any such
termination cannot affect options previously granted under this Plan, nor may
any amendment make any change in an option previously granted which would
adversely affect the right of any participant, nor may any amendment be made
without approval of the stockholders of the Company obtained in accordance with
Section 21 hereof within twelve (12) months of the adoption of such amendment
(or earlier if required by Section 21) if such amendment would:

            (a) increase the number of shares that may be issued under this
Plan;

            (b) change the designation of the employees (or class of employees)
eligible for participation in this Plan; or

            (c) constitute an amendment for which stockholder approval is
required in order to comply with Rule 16b-3 (or any successor rule) of the
Exchange Act.

                                       9[EXHIBIT 10.6]

[LINE OF CREDIT AGREEMENT WITH SOUTHTRUST BANK, N.A.]

                            PROMISSORY NOTE
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
Principal        Loan Date     Maturity      Loan No.    Call/Coll    Account    Officer   Initials
<S>             <C>           <C>           <C>         <C>         <C>         <C>       <C>
$150,000.00     03-12-2002    05-13-2003    0000050483   0001/780   0955232160      LH4
---------------------------------------------------------------------------------------------------
          References in the shaded area are for Lender's use only and do not limit the
            applicability of this document to any particular loan or item.  Any item
             containing "***" has been omitted due to text length limitations.
---------------------------------------------------------------------------------------------------
</TABLE>

Borrower: PET MED EXPRESS, IN.           Lender: SouthTrust Bank
          (SSN:65-0680967)                       West Palm Beach
          1441 SW 29th Ave.                      (Comm Loans - Ft. Lauderdale)
          POMPANO BEACH, FL 33069                225 N. Federal Highway
                                                 (8th Floor)
                                                 Pompano Beach, FL 33062
                                                 (561) 712-1001
==============================================================================

Principal                  Initial             Date of
Amount:   $150,000.00      Rate:   5.750%      Note:   March 12, 2002

PROMISE TO PAY.  PET MED EXPRESS, INC. ("Borrower") promises to pay to
SouthTrust Bank ("Lender"), or order, in lawful money of the United
States of America, the principal amount of One Hundred Fifty Thousand &
00/100 Dollars ($150,000.00) or so much as may be outstanding, together
with interest on the unpaid outstanding principal balance of each
advance.  Interest shall be calculated from the date of each advance
until repayment of each advance.

PAYMENT.  Borrower will pay this loan in one payment of all outstanding
principal plus all accrued unpaid interest on May 13, 2003.  In addition,
Borrower will pay regular monthly payments of all accrued unpaid interest
due as of each payment date, beginning March 13, 2002, with all
subsequent interest payments to be due on the same day of each month
after that.  Unless otherwise agreed or required by applicable law,
payments will be applied first to accrued unpaid interest, then to
principal, and any remaining amount to any unpaid collection costs and
late charges.  The annual interest rate for this Note is computed on a
365/360 basis; that is, by applying the ratio of the annual interest rate
over a year of 360 days, multiplied by the outstanding principal balance,
multiplied by the actual number of days the principal balance is
outstanding.  Borrower will pay Lender at Lender's address shown above or
at such other place as Lender may designate in writing.

VARIABLE INTEREST RATE.  The interest rate on this Note is subject to
change from time to time based on changes in an index which is the "base
rate."  The term "base rate" means the rate of interest designated by the
Lender periodically as its Base Rate (the "Index").  Tile Index is not
necessarily the lowest rate charged by Lender on its loans and is set by
Lender in its sole discretion.  If the Index becomes unavailable during
the term of this loan, Lender may designate a substitute index after
notifying Borrower.  Lender will tell Borrower the current Index rate
upon Borrower's request.  The interest rate change will not occur more
often than each day.  The frequency of the rate change is further defined
below in paragraph titled "VARIABLE RATE CHANGE FREQUENCY."  Borrower
understands that Lender may make loans based on other rates as well.  The
Index currently is 4.750% per annum.  The interest rate to be applied to
the unpaid principal balance of this Note will be at a rate of 1.000
percentage point over the Index, resulting in an initial rate of 5.750%
per annum.  NOTICE:  Under no circumstances will the effective rate of
interest on this Note be more than the maximum rate allowed by applicable
law.

PREPAYMENT.  Borrower may pay without penalty all or a portion of the
amount owed earlier than it is due.  Early payments will not, unless
agreed to by Lender in writing, relieve Borrower of Borrower's obligation
to continue to make payments of accrued unpaid interest.  Rather, early
payments will reduce the principal balance due.  Borrower agrees not to
send Lender payments marked "paid in full," "without recourse," or
similar language.  If Borrower sends such a payment, Lender may accept it
without losing any of Lender's rights under this Note, and Borrower will
remain obligated to pay any further amount owed to Lender.  All written
communications concerning disputed amounts, including any check or other
payment instrument that indicates that the payment constitutes "payment
in full" of the amount owed or that is tendered with other conditions or
limitations or as full satisfaction of a disputed amount must be mailed
or delivered to:  SouthTrust Bank, West Palm Beach (Comm Loans - Ft
Lauderdale), 225 N Federal Highway (8th Floor), Pompano Beach, FL  33062.

LATE CHARGE.  If a payment is 10 days or more late, Borrower will be
charged 5.000% of the unpaid portion of the regularly scheduled payment
or $10.00, whichever is greater.

INTEREST AFTER DEFAULT.  Upon default, including failure to pay upon
final maturity, at Lender's option, and if permitted by applicable law,
Lender may add any unpaid accrued interest to principal and such sum will
bear interest therefrom until paid at the rate provided in this Note.
Upon default, the total sum due under this Note will bear interest from
the date of acceleration or maturity at the variable interest rate on
this Note.

DEFAULT.  Each of the following shall constitute an event of default
("Event of Default") under this Note:

   Payment Default.  Borrower fails to make any payment when due under
   this Note.

   Other Defaults.  Borrower fails to comply with or to perform any
   other term, obligation, covenant or condition contained in this Note or
   in any of the related documents or to comply with or to perform any term,
   obligation, covenant or condition contained in any other agreement
   between Lender and Borrower.

   Default in Favor of Third Parties.  Borrower or any Grantor defaults
   under any loan, extension of credit, security agreement, purchase or
   sales agreement, or any other agreement, in favor of any other creditor
   or person that may materially affect any of Borrower's property or
   Borrower's ability to repay this Note or perform Borrower's obligations
   under this Note or any of the related documents.

   False Statements.  Any warranty, representation or statement made or
   furnished to Lender by Borrower or on Borrower's behalf under this Note
   or the related documents is false or misleading in any material respect,
   either now or at the time made or furnished or becomes false or
   misleading at any time thereafter.

   Insolvency.  The dissolution or termination of Borrower's existence
   as a going business, the insolvency of Borrower, the appointment of a
   receiver for any part of Borrower's property, any assignment for the
   benefit of creditors, any type of creditor workout, or the commencement
   of any proceeding under any bankruptcy or insolvency laws by or against
   Borrower.

   Creditor or Forfeiture Proceedings.  Commencement of foreclosure or
   forfeiture proceedings, whether by judicial proceeding, self-help,
   repossession or any other method, by any creditor of Borrower or by any
   governmental agency against any collateral securing the loan.  This
   includes a garnishment of any of Borrower's accounts, including deposit
   accounts, with Lender.  However, this Event of Default shall not apply if
   there is a good faith dispute by Borrower as to the validity or
   reasonableness of the claim which is the basis of the creditor or
   forfeiture proceeding and if Borrower gives Lender written notice of the
   creditor or forfeiture proceeding and deposits with Lender monies or a
   surety bond for the creditor or forfeiture proceeding, in an amount
   determined by Lender, in its sole discretion, as being an adequate
   reserve or bond for the dispute.

   Events Affecting Guarantor.  Any of the preceding events occurs with
   respect to any Guarantor of any of the indebtedness or any Guarantor dies
   or becomes incompetent, or revokes or disputes the validity of, or
   liability under, any guaranty of the indebtedness evidenced by this Note.
   In the event of a death, Lender, at its option, may, but shall not be
   required to, permit the Guarantor's estate to assume unconditionally the
   obligations arising under the guaranty in a manner satisfactory to
   Lender, and, in doing so, cure any Event of Default.

   Change In Ownership.  Any change in ownership of twenty-five percent
   (25%) or more of the common stock of Borrower.

   Adverse Change.  A material adverse change occurs in Borrower's
   financial condition, or Lender believes the prospect of payment or
   performance of this Note is impaired.

   Insecurity.  Lender in good faith believes itself insecure.

   Cure Provisions.  If any default, other than a default in payment is
   curable and if Borrower has not been given a notice of a breach of the
   same provision of this Note within the preceding twelve (12) months, it
   may be cured (and no event of default will have occurred) if Borrower,
   after receiving written notice from Lender demanding cure of such
   default:  (1) cures the default within fifteen (15) days; or (2) if the
   cure requires more than fifteen (15) days, immediately initiates steps
   which Lender deems in Lender's sole discretion to be sufficient to cure
   the default and thereafter continues and completes all reasonable and
   necessary steps sufficient to produce compliance as soon as reasonably
   practical.

LENDER'S RIGHTS.  Upon default, Lender may declare the entire unpaid
principal balance on this Note and all accrued unpaid interest
immediately due, and then Borrower will pay that amount.

ATTORNEYS' FEES; EXPENSES.  Lender may hire or pay someone else to help
collect this Note if Borrower does not pay.  Borrower will pay Lender the
amount of these costs and expenses, which includes, subject to any limits
under applicable law, Lender's reasonable attorneys' fees and Lender's
legal expenses whether or not there is a lawsuit, including reasonable
attorneys' fees and legal expenses for bankruptcy proceedings (including
efforts to modify or vacate any automatic stay or injunction), and
appeals.  If not prohibited by applicable law, Borrower also will pay any
court costs, in addition to all other sums provided by law.

<PAGE>  Exhibit 10.6 - Pg. 1

                              PROMISSORY NOTE
Loan No: 0000050483             (Continued)                    Page 2
______________________________________________________________________

JURY WAIVER.  Lender and Borrower hereby waive the right to any jury
trial in any action, proceeding or counterclaim brought by either Lender
or Borrower against the other. (Initial Here /s/ M.A.)

GOVERNING LAW.  This Note will be governed by, construed and enforced in
accordance with federal law and the laws of the State of Florida.  This
Note has been accepted by Lender in the State of Florida.

RIGHT OF SETOFF.  To the extent permitted by applicable law, Lender
reserves a right of setoff in all Borrower's accounts with Lender
(whether checking, savings, or some other account).  This includes all
accounts Borrower holds jointly with someone else and all accounts
Borrower may open in the future.  However, this does not include any IRA
or Keogh accounts, or any trust accounts for which setoff would be
prohibited by law.  Borrower authorizes Lender, to the extent permitted
by applicable law, to charge or setoff all sums owing on the indebtedness
against any and all such accounts, and, at Lender's option, to
administratively freeze all such accounts to allow Lender to protect
Lender's charge and setoff rights provided in this paragraph.

COLLATERAL.  Borrower acknowledges this Note is secured by BLANKET LIEN
ON ALL BUSINESS ASSETS.

LINE OF CREDIT.  This Note evidences a revolving line of credit.
Advances under this Note, as well as directions for payment from
Borrower's accounts, may be requested orally or in writing by Borrower or
by an authorized person.  Lender may, but need not, require that all oral
requests be confirmed in writing.  Borrower agrees to be liable for all
sums either:  (A) advanced in accordance with the instructions of an
authorized person; or (B) credited to any of Borrower's accounts with
Lender.  The unpaid principal balance owing on this Note at any time may
be evidenced by endorsements on this Note or by Lender's internal
records, including daily computer print-outs.  Lender will have no
obligation to advance funds under this Note if:  (A) Borrower or any
guarantor is in default under the terms of this Note or any agreement
that Borrower or any guarantor has with Lender, including any agreement
made in connection with the signing of this Note; (B) Borrower or any
guarantor ceases doing business or is insolvent; (C) any guarantor seeks,
claims or otherwise attempts to limit, modify or revoke such guarantor's
guarantee of this Note or any other loan with Lender; (D) Borrower has
applied funds provided pursuant to this Note for purposes other than
those authorized by Lender; or (E) Lender in good faith believes itself
insecure.

FINANCIAL STATEMENTS.  Until this loan is paid in full, Borrower will
furnish to Lender, as soon as available but in any event within 120 days
after the end of each fiscal year, Borrower's balance sheet and
statements of income, cash flows and changes in capital for the fiscal
year just ended, setting forth in comparative form the corresponding
figures for the prior year, together with accompanying schedules and
footnotes.  If the financial statements were compiled or certified by a
public accountant, Borrower will also furnish Lender the accountant's
letter accompanying the financial statements.  Borrower will furnish to
Lender, as soon as available but in any event within 30 days after the
end of the first three quarters of Borrower's fiscal year, Borrower's
balance sheet and profit and loss statement for the quarter just ended.
All financial reports provided to Lender will be certified in writing by
the chief executive officer, chief financial officer, managing partner or
comparable financial officer of Borrower to be true and complete to the
best of his or her knowledge and belief and to have been prepared in
accordance with generally accepted accounting principles applied on a
basis consistent with the financial statements previously furnished to
Lender or, if not so prepared, setting forth the manner in which the
financial statements depart therefrom.  Borrower will furnish Lender,
within 30 days after Lender's request therefore, a copy of the federal
income tax return most recently filed by Borrower.  Borrower will cause
each guarantor or endorser of this loan to furnish to Lender, within 30
days after Lender's request therefore, a current financial statement of
such guarantor or endorser in form acceptable to Lender and a copy of the
federal income tax return most recently filed by such guarantor or
endorser.

CHANGE IN OWNERSHIP.  Any aggregate change of twenty-five (25%) or more
in the ownership of the common stock or other ownership interest in
Borrower in any period of 12 consecutive months shall constitute a
default under this loan.

OBLIGATION TO DEVELOP BUSINESS PLAN.  Before approving this loan, Lender
required Borrower to furnish Lender with financial statements and other
information concerning the financial history and future prospects of
Borrower's business.  Lender requested and reviewed that information
solely to enable it to make a decision whether to extend credit. Borrower
understands that Lender has not necessarily approved Borrower's business
plan and has not undertaken any duty or obligation to advise Borrower on
business matters now or in the future.  Lender is not a financial or
business advisor, and Borrower will not look to Lender for business
advice.  Lender's role is solely that of a Lender, and Borrower's
relationship with Lender is that of debtor and creditor.  Lender
expressly disclaims any fiduciary or other duties or obligations to
Borrower except those expressly provided in the written loan documents
signed by Lender.

NO ORAL AGREEMENTS.  Lender's agreement to lend, Borrower's obligation to
repay the loan, and all other agreements between Lender and Borrower have
been reduced to writing.  This instrument and the other documents signed
concurrently with it contain the entire agreement between Lender and
Borrower.  Any prior conversations and discussions that Lender or
Borrower may have had concerning the transaction are not binding unless
reflected in the written loan documents.  Borrower acknowledges that the
loan documents reflect everything the Lender has agreed to do or not to
do in connection with this transaction.

COMMERCIAL PURPOSES.  Borrower intends to use the loan proceeds solely
for business or commercial related purposes and under no circumstances
will such proceeds be used for personal, family or household purposes.

CROSS DEFAULT CLAUSE.  IT IS UNDERSTOOD AND AGREED THAT IN THE EVENT A
DEFAULT EXISTS UNDER THE LOANS HELD BY THE LENDER IN WHICH PET MED
EXPRESS, INC. IS BORROWER THEREUNDER, THEN THE LENDER MAY, AT ITS OPTION,
DECLARE THE ENTIRE INDEBTEDNESS EVIDENCED HEREBY IMMEDIATELY DUE AND
PAYABLE.

SUCCESSOR INTERESTS.  The terms of this Note shall be binding upon
Borrower, and upon Borrower's heirs, personal representatives, successors
and assigns, and shall inure to the benefit of Lender and its successors
and assigns.

NOTIFY US OF INACCURATE INFORMATION WE REPORT TO CONSUMER REPORTING
AGENCIES.  Please notify us if we report any inaccurate information about
your account(s) to a consumer reporting agency.  Your written notice
describing the specific inaccuracy(ies) should be sent to us at the
following address:  SouthTrust Bank, West Palm Beach (Comm Loans - Ft
Lauderdale), 225 N Federal Highway (8th Floor), Pompano Beach, FL  33062.

GENERAL PROVISIONS.  If any part of this Note cannot be enforced, this
fact will not affect the rest of the Note.  Borrower does not agree or
intend to pay, and Lender does not agree or intend to contract for,
charge, collect, take, reserve or receive (collectively referred to
herein as "charge or collect"), any amount in the nature of interest or
in the nature of a fee for this loan, which would in any way or event
(including demand, prepayment, or acceleration) cause Lender to charge or
collect more for this loan than the maximum Lender would be permitted to
charge or collect by federal law or the law of the State of Florida (as
applicable).  Any such excess interest or unauthorized fee shall, instead
of anything stated to the contrary, be applied first to reduce the
principal balance of this loan, and when the principal has been paid in
full, be refunded to Borrower.  Lender may delay or forgo enforcing any
of its rights or remedies under this Note without losing them.  Borrower
and any other person who signs, guarantees or endorses this Note, to the
extent allowed by law, waive presentment, demand for payment, and notice
of dishonor.  Upon any change in the terms of this Note, and unless
otherwise expressly stated in writing, no party who signs this Note,
whether as maker, guarantor, accommodation maker or endorser, shall be
released from liability.  All such parties agree that Lender may renew or
extend (repeatedly and for any length of time) this loan or release any
party or guarantor or collateral; or impair, fail to realize upon or
perfect Lender's security interest in the collateral; and take any other
action deemed necessary by Lender without the consent of or notice to
anyone.  All such parties also agree that Lender may modify this loan
without the consent of or notice to anyone other than the party with whom
the modification is made.  The obligations under this Note are joint and
several.

<PAGE>  Exhibit 10.6 - Pg. 2

                              PROMISSORY NOTE
Loan No: 0000050483             (Continued)                    Page 3
______________________________________________________________________

PRIOR TO SIGNING THIS NOTE, BORROWER READ AND UNDERSTOOD ALL THE
PROVISIONS OF THIS NOTE, INCLUDING THE VARIABLE INTEREST RATE PROVISIONS.
BORROWER AGREES TO THE TERMS OF THE NOTE.

BORROWER ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THIS PROMISSORY
NOTE.

BORROWER:

PET MED EXPRESS, INC.

By: /s/____ Mendo Akdag__________________
MENDO AKDAIG/CEO of PET MED EXPRESS, INC.

<PAGE>  Exhibit 10.6 - Pg. 3

                    COMMERCIAL SECURITY AGREEMENT
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
Principal        Loan Date     Maturity      Loan No.    Call/Coll    Account    Officer   Initials
<S>             <C>           <C>           <C>         <C>         <C>         <C>       <C>
$150,000.00     03-12-2002     05-13-2003   0000050483   0001/780   0955232160      LH4
---------------------------------------------------------------------------------------------------
          References in the shaded area are for Lender's use only and do not limit the
            applicability of this document to any particular loan or item.  Any item
             containing "***" has been omitted due to text length limitations.
---------------------------------------------------------------------------------------------------
</TABLE>

Borrower: PET MED EXPRESS, IN.           Lender: SouthTrust Bank
          (SSN:65-0680967)                       West Palm Beach
          1441 SW 29th Ave.                      (Comm Loans - Ft. Lauderdale)
          POMPANO BEACH, FL 33069                225 N. Federal Highway
                                                 (8th Floor)
                                                 Pompano Beach, FL 33062
                                                 (561) 712-1001
==============================================================================

THIS COMMERCIAL SECURITY AGREEMENT dated March 12, 2002, is made and
executed between PET MED EXPRESS, INC. ("Grantor") and SouthTrust Bank
("Lender").

GRANT OF SECURITY INTEREST.  For valuable consideration, Grantor grants
to Lender a security interest in the Collateral to secure the
Indebtedness and agrees that Lender shall have the rights stated in this
Agreement with respect to the Collateral, in addition to all other rights
which Lender may have by law.

COLLATERAL DESCRIPTION.  The word "Collateral" as used in this Agreement
means the following described property, whether now owned or hereafter
acquired, whether now existing or hereafter arising, and wherever
located, in which Grantor is giving to Lender a security interest for the
payment of the Indebtedness and performance of all other obligations
under the Note and this Agreement:

   All Inventory, Chattel Paper, Accounts, Equipment and General
   Intangibles

In addition, the word "Collateral" also includes all the following,
whether now owned or hereafter acquired, whether now existing or
hereafter arising, and wherever located:

   (A)     All accessions, attachments, accessories, tools, parts,
   supplies, replacements of and additions to any of the collateral
   described herein, whether added now or later.

   (B)     All products and produce of any of the property described in
   this Collateral section.

   (C)     All accounts, general intangibles, instruments, rents, monies,
   payments, and all other rights, arising out of a sale, lease, or
   other disposition of any of the property described in this
   Collateral section.

   (D)     All proceeds (including insurance proceeds) from the sale,
   destruction, loss, or other disposition of any of the property
   described in this Collateral section, and sums due from a third
   party who has damaged or destroyed the Collateral or from that
   party's insurer, whether due to judgment, settlement or other
   process.

   (E)     All records and data relating to any of the property described
   in this Collateral section, whether in the form of a writing,
   photograph, microfilm, microfiche, or electronic media, together
   with all of Grantor's right, title, and interest in and to all
   computer software required to utilize, create, maintain, and process
   any such records or data on electronic media.

Despite any other provision of this Agreement, Lender is not granted, and
will not have, a nonpurchase money security interest in household goods,
to the extent such a security interest would be prohibited by applicable
law.  In addition, if because of the type of any Property, Lender is
required to give a notice of the right to cancel under Truth in Lending
for the Indebtedness, then Lender will not have a security interest in
such Collateral unless and until such a notice is given.

RIGHT OF SETOFF.  To the extent permitted by applicable law, Lender
reserves a right of setoff in all Grantor's accounts with Lender (whether
checking, savings, or some other account).  This includes all accounts
Grantor holds jointly with someone else and all accounts Grantor may open
in the future.  However, this does not include any IRA or Keogh accounts,
or any trust accounts for which setoff would be prohibited by law.
Grantor authorizes Lender, to the extent permitted by applicable law, to
charge or setoff all sums owing on the Indebtedness against any and all
such accounts, and, at Lender's option, to administratively freeze all
such accounts to allow Lender to protect Lender's charge and setoff
rights provided in this paragraph.

GRANTOR'S REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE COLLATERAL.
With respect to the Collateral, Grantor represents and promises to
Lender that:

   Perfection of Security Interest.  Grantor agrees to execute
   financing statements and to take whatever other actions are
   requested by Lender to perfect and continue Lender's security
   interest in the Collateral.  Upon request of Lender, Grantor will
   deliver to Lender any and all of the documents evidencing or
   constituting the Collateral, and Grantor will note Lender's interest
   upon any and all chattel paper if not delivered to Lender for
   possession by Lender.  This is a continuing Security Agreement and
   will continue in effect even though all or any part of tile
   Indebtedness is paid in full and even though for a period of time
   Grantor may not be indebted to Lender.

   Notices to Lender.  Grantor will promptly notify Lender in writing
   at Lender's address shown above (or such other addresses as Lender
   may designate from time to time) prior to any (1) change in
   Grantor's name; (2) change in Grantor's assumed business name(s);
   (3) change in the management of the Corporation Grantor; (4) change
   in the authorized signer(s); (5) change in Grantor's principal
   office address; (6) change in Grantor's state of organization; (7)
   conversion of Grantor to a new or different type of business entity;
   or (8) change in any other aspect of Grantor that directly or
   indirectly relates to any agreements between Grantor and Lender.  No
   change in Grantor's name or state of organization will take effect
   until after Lender has received notice.

   No Violation.  The execution and delivery of this Agreement will not
   violate any law or agreement governing Grantor or to which Grantor
   is a party, and its certificate or articles of incorporation and
   bylaws do not prohibit any term or condition of this Agreement.

   Enforceability of Collateral.  To the extent the Collateral consists
   of accounts, chattel paper, or general intangibles, as defined by
   the Uniform Commercial Code, the Collateral is enforceable in
   accordance with its terms, is genuine, and fully complies with all
   applicable laws and regulations concerning form, content and manner
   of preparation and execution, and all persons appearing to be
   obligated on the Collateral have authority and capacity to contract
   and are in fact obligated as they appear to be on the Collateral.
   At the time any Account becomes subject to a security interest in
   favor of Lender, the Account shall be a good and valid account
   representing an undisputed, bona fide indebtedness incurred by the
   account debtor, for merchandise held subject to delivery
   instructions or previously shipped or delivered pursuant to a
   contract of sale, or for services previously performed by Grantor
   with or for the account debtor.  So long as this Agreement remains
   in effect, Grantor shall not, without Lender's prior written
   consent, compromise, settle, adjust, or extend payment under or with
   regard to any such Accounts.  There shall be no setoffs or
   counterclaims against any of the Collateral, and no agreement shall
   have been made under which any deductions or discounts may be
   claimed concerning the Collateral except those disclosed to Lender
   in writing.

   Location of the Collateral.  Except in the ordinary course of
   Grantor's business, Grantor agrees to keep the Collateral (or to the
   extent the Collateral consists of intangible property such as
   accounts or general intangibles, the records concerning the
   Collateral) at Grantor's address shown above or at such other
   locations as are acceptable to Lender.  Upon Lender's request,
   Grantor will deliver to Lender in form satisfactory to Lender a
   schedule of real properties and Collateral locations relating to
   Grantor's operations, including without limitation the following:
   (1) all real property Grantor owns or is purchasing; (2) all real
   property Grantor is renting or leasing; (3) all storage facilities
   Grantor owns, rents, leases, or uses; and (4) all other properties
   where Collateral is or may be located.

   Removal of the Collateral.  Except in the ordinary course of
   Grantor's business, including the sales of inventory, Grantor shall
   riot remove the Collateral from its existing location without
   Lender's prior written consent.  To the extent that the Collateral
   consists of vehicles, or other titled property, Grantor shall not
   take or permit any action which would require application for
   certificates of title for the vehicles outside the State of Florida,
   without Lender's prior written consent. Grantor shall, whenever
   requested, advise Lender of the exact location of the Collateral.

   Transactions Involving Collateral.  Except for inventory sold or
   accounts collected in the ordinary course of Grantor's business, or
   as otherwise provided for in this Agreement, Grantor shall not sell,
   offer to sell, or otherwise transfer or dispose of the Collateral.
   While Grantor is not in default under this Agreement, Grantor may
   sell inventory, but only in the ordinary course of its business and
   only to buyers who qualify as a buyer in the ordinary course of
   business.  A sale in the ordinary course of Grantor's business does
   not include a transfer in partial or total satisfaction of a debt or
   any bulk sale.  Grantor shall not pledge, mortgage, encumber or
   otherwise permit the Collateral to he Subject to any lien, security
   interest, encumbrance, or charge, other than the security interest
   provided for in this Agreement, without the prior written consent of
   Lender.  This includes security interests even if junior in right to

<PAGE>  Exhibit 10.6 - Pg. 4

                      COMMERCIAL SECURITY AGREEMENT
Loan No: 0000050483             (Continued)                    Page 2
______________________________________________________________________

   the security interests granted under this Agreement.  Unless waived
   by Lender, all proceeds from any disposition of the Collateral (for
   whatever reason) shall be held in trust for Lender and shall not be
   commingled with any other funds; provided however, this requirement
   shall not constitute consent by Lender to any sale or other
   disposition.  Upon receipt, Grantor shall immediately deliver any
   such proceeds to Lender.

   Title.  Grantor represents and warrants to Lender that Grantor holds
   good and marketable title to the Collateral, free and clear of all
   liens and encumbrances except for the lien of this Agreement.  No
   financing statement covering any of the Collateral is on file in any
   public office other than those which reflect the security interest
   created by this Agreement or to which Lender has specifically
   consented.  Grantor shall defend Lender's rights in the Collateral
   against the claims and demands of all other persons.

   Repairs and Maintenance.  Grantor agrees to keep and maintain, and
   to cause others to keep and maintain, the Collateral in good order,
   repair and condition at all times while this Agreement remains in
   effect.  Grantor further agrees to pay when due all claims for work
   done on, or services rendered or material furnished in connection
   with the Collateral so that no lien or encumbrance may ever attach
   to or be filed against the Collateral.

   Inspection of Collateral.  Lender and Lender's designated
   representatives and agents shall have the right at all reasonable
   times to examine and inspect the Collateral wherever located.

   Taxes, Assessments and Liens.  Grantor will pay when due all taxes,
   assessments and liens upon the Collateral, its use or operation,
   upon this Agreement, upon any promissory note or notes evidencing
   the Indebtedness, or upon any of the other Related Documents,
   Grantor may withhold any such payment or may elect to contest any
   lien if Grantor is in good faith conducting an appropriate
   proceeding to contest the obligation to pay and so long as Lender's
   interest in the Collateral is not jeopardized in Lender's sole
   opinion.  If the Collateral is subjected to a lien which is not
   discharged within fifteen (15) days, Grantor shall deposit with
   Lender cash, a sufficient corporate surety bond or other security
   satisfactory to Lender in an amount adequate to provide for the
   discharge of the lien plus any interest, costs, reasonable
   attorneys' fees or other charges that could accrue as a result of
   foreclosure or sale of the Collateral.  In any contest Grantor shall
   defend itself and Lender and shall satisfy any final adverse
   judgment before enforcement against the Collateral.  Grantor shall
   name Lender as an additional obligee under any surety bond furnished
   in the contest proceedings.  Grantor further agrees to furnish
   Lender with evidence that such taxes, assessments, and governmental
   and other charges have been paid in full and in a timely manner.
   Grantor may withhold any such payment or may elect to contest any
   lien if Grantor is in good faith conducting an appropriate
   proceeding to contest the obligation to pay and so long as Lender's
   interest in the Collateral is not jeopardized.

   Compliance with Governmental Requirements.  Grantor shall comply
   promptly with all laws, ordinances, rules and regulations of all
   governmental authorities, now or hereafter in effect, applicable to
   the ownership, production, disposition, or use of the Collateral.
   Grantor may contest in good faith any such law, ordinance or
   regulation and withhold compliance during any proceeding, including
   appropriate appeals, so long as Lender's interest in the Collateral,
   in Lender's opinion, is not jeopardized.

   Hazardous Substances.  Grantor represents and warrants that the
   Collateral never has been, and never will be so long as this
   Agreement remains a lien on the Collateral, used in violation of any
   Environmental Laws or for the generation, manufacture, storage,
   transportation, treatment, disposal, release or threatened release
   of any Hazardous Substance.  The representations and warranties
   contained herein are based on Grantor's due diligence in
   investigating the Collateral for Hazardous Substances.  Grantor
   hereby (1) releases and waives any future claims against Lender for
   indemnity or contribution in the event Grantor becomes liable for
   cleanup or other costs under any Environmental Laws, and (2) agrees
   to indemnify and hold harmless Lender against any and all claims and
   losses resulting from a breach of this provision of this Agreement.
   This obligation to indemnify shall survive the payment of the
   Indebtedness and the satisfaction of this Agreement.

   Maintenance of Casualty Insurance.  Grantor shall procure and
   maintain all risks insurance, including without limitation fire,
   theft and liability coverage together with such other insurance as
   Lender may require with respect to the Collateral, in form, amounts,
   coverages and basis reasonably acceptable to Lender and issued by a
   company or companies reasonably acceptable to Lender.  Grantor, upon
   request of Lender, will deliver to Lender from time to time the
   policies or certificates of insurance in form satisfactory to
   Lender, including stipulations that coverages will not be cancelled
   or diminished without at least ten (10) days' prior written notice
   to Lender and not including any disclaimer of the insurer's
   liability for failure to give such a notice.  Each insurance policy
   aIso shall include an endorsement providing that coverage in favor
   of Lender will not be impaired in any way by any act, omission or
   default of Grantor or any other person.  In connection with all
   policies covering assets in which Lender holds or is offered a
   security interest, Grantor will provide Lender with such loss
   payable or other endorsements as Lender may require.  If Grantor at
   any time fails to obtain or maintain any insurance as required under
   this Agreement, Lender may (but shall not be obligated to) obtain
   such insurance as Lender deems appropriate, including if Lender so
   chooses "single interest insurance," which will cover only Lender's
   interest in the Collateral.

   Application of Insurance Proceeds.  Grantor shall promptly notify
   Lender of any loss or damage to the Collateral.  Lender may make
   proof of loss it Grantor fails to do so within fifteen (15) days of
   the casualty.  All proceeds of any insurance on the Collateral,
   including accrued proceeds thereon, shall be held by Lender as part
   of the Collateral.  If Lender consents to repair or replacement of
   the damaged or destroyed Collateral, Lender shall, upon satisfactory
   proof of expenditure, pay or reimburse Grantor from the proceeds for
   the reasonable cost of repair or restoration.  If Lender does not
   consent to repair or replacement of the Collateral, Lender shall
   retain a sufficient amount of the proceeds to pay all of the
   Indebtedness, and shall pay the balance to Grantor.  Any proceeds
   which have not been disbursed within six (6) months after their
   receipt and which Grantor has not committed to the repair or
   restoration of the Collateral shall be used to prepay the
   Indebtedness.

   Insurance Reserves.  Lender may require Grantor to maintain with
   Lender reserves for payment of insurance premiums, which reserves
   shall be created by monthly payments from Grantor of a sum estimated
   by Lender to be sufficient to produce, at least fifteen (15) days
   before the premium due date, amounts at least equal to the insurance
   premiums to be paid.  If fifteen (15) days before payment is due,
   the reserve funds are insufficient, Grantor shall upon demand pay
   any deficiency to Lender.  The reserve funds shall be held by Lender
   as a general deposit and shall constitute a non-interest-bearing
   account which Lender may satisfy by payment of the insurance
   premiums required to be paid by Grantor as they become due. Lender
   does not hold the reserve funds in trust for Grantor, and Lender is
   not the agent of Grantor for payment of the insurance premiums
   required to be paid by Grantor.  The responsibility for the payment
   of premiums shall remain Grantor's sole responsibility.

   Insurance Reports.  Grantor, upon request of Lender, shall furnish
   to Lender reports on each existing policy of insurance showing such
   information as Lender may reasonably request including the
   following:  (1) the name of the insurer; (2) the risks insured; (3)
   the amount of the policy; (4) the property insured; (5) the then
   current value on the basis of which insurance has been obtained and
   the manner of determining that value; and (6) the expiration date of
   the policy.  In addition, Grantor shall upon request by Lender
   (however riot more often than annually) have an independent
   appraiser satisfactory to Lender determine, as applicable, the cash
   value or replacement cost of the Collateral.

   Financing Statements.  Grantor authorizes Lender to file a UCC-1
   financing statement, or alternatively, a copy of this Agreement to
   perfect Lender's security interest.  At Lender's request, Grantor
   additionally agrees to sign all other documents that are necessary
   to perfect, protect, and continue Lender's security interest in the
   Property.  Grantor will pay all filing fees, title transfer fees,
   and other fees and costs involved unless prohibited by law or unless
   Lender is required by law to pay such fees and costs.  Grantor
   irrevocably appoints Lender to execute financing statements and
   documents of title in Grantor's name and to execute all documents
   necessary to transfer title if there is a default.  Lender may file
   a copy of this Agreement as a financing statement.  If Grantor
   changes Grantor's name or address, or the name or address of any
   person granting a security interest under this Agreement changes,
   Grantor will promptly notify the Lender of such change.

GRANTOR'S RIGHT TO POSSESSION AND TO COLLECT ACCOUNTS.  Until default and
except as otherwise provided below with respect to accounts, Grantor may
have possession of the tangible personal property and beneficial use of
all the Collateral and may use it in any lawful manner not inconsistent
with this Agreement or the Related Documents, provided that Grantor's
right to possession and beneficial use shall not apply to any Collateral
where possession of the Collateral by Lender is required by law to
perfect Lender's security interest in such Collateral.  Until otherwise
notified by Lender, Grantor may collect any of the Collateral consisting
of accounts.  At any time and even though no Event of Default exists,
Lender may exercise its rights to collect the accounts and to notify
account debtors to make payments directly to Lender for application to
the Indebtedness.  If Lender at any time has possession of any
Collateral, whether before or after an Event of Default, Lender shall be
deemed to have exercised reasonable care in the custody and preservation
of the Collateral if Lender takes such action for that purpose as Grantor
shall request or as Lender, in Lender's sole discretion, shall deem
appropriate under the circumstances, but failure to honor any request by
Grantor shall not of itself be deemed to be a failure to exercise
reasonable care.  Lender shall not be required to take any steps
necessary to preserve any rights in the Collateral against prior parties,
nor to protect, preserve or maintain any security interest given to
secure the Indebtedness.

<PAGE>  Exhibit 10.6 - Pg. 5

                      COMMERCIAL SECURITY AGREEMENT
Loan No: 0000050483             (Continued)                    Page 3
______________________________________________________________________

Grantor fails to comply with any provision of this Agreement or any
Related Documents, including but not limited to Grantor's failure to
discharge or pay when due any amounts Grantor is required to discharge or
pay under this Agreement or any Related Documents, Lender on Grantor's
behalf may (but shall not be obligated to) take any action that Lender
deems appropriate, including but not limited to discharging or paying all
taxes, liens, security interests, encumbrances and other claims, at any
time levied or placed on the Collateral and paying all costs for
insuring, maintaining and preserving the Collateral.  All such
expenditures incurred or paid by Lender for such purposes will then bear
interest at the rate charged under the Note from the date incurred or
paid by Lender to the date of repayment by Grantor.  All such expenses
will become a part of the Indebtedness and, at Lender's option, will (A)
be payable on demand; (B) be added to the balance of the Note and be
apportioned among and be payable with any installment payments to become
due during either (1) the term of any applicable insurance policy; or (2)
the remaining term of the Note; or (C) be treated as a balloon payment
which will be due and payable at the Note's maturity.  The Agreement also
will secure payment of these amounts.  Such right shall be in addition to
all other rights and remedies to which Lender may be entitled upon
Default.

DEFAULT.  Each of the following shall constitute an Event of Default
under this Agreement:

   Payment Default.  Grantor fails to make any payment when due Lender
   the Indebtedness.

   Other Defaults.  Grantor fails to comply with or to perform any
   other term, obligation, covenant or condition contained in this
   Agreement or in any of the Related Documents or to comply with or to
   perform any term, obligation, covenant or condition contained in any
   other agreement between Lender and Grantor.

   Default in Favor of Third Parties.  Should Borrower or any Grantor
   default under any loan, extension of credit, security agreement,
   purchase or sales agreement, or any other agreement, in favor of any
   other creditor or person that may materially affect any of Grantor's
   property or Grantor's or any Grantor's ability to repay the
   Indebtedness or perform their respective obligations under this
   Agreement or any of the Related Documents.

   False Statements.  Any warranty, representation or statement made or
   furnished to Lender by Grantor or on Grantor's behalf under this
   Agreement or the Related Documents is false or misleading in any
   material respect, either now or at the time made or furnished or
   becomes false or misleading at any time thereafter.

   Defective Collateralization.  This Agreement or any of the Related
   Documents ceases to be in full force and effect (including failure
   of any collateral document to create a valid and perfected security
   interest or lien) at any time and for any reason.

   Insolvency.  The dissolution or termination of Grantor's existence
   as a going business, the insolvency of Grantor, the appointment of a
   receiver for any part of Grantor's property, any assignment for the
   benefit of creditors, any type of creditor workout, or the
   commencement of any proceeding under any bankruptcy or insolvency
   laws by or against Grantor.

   Creditor or Forfeiture Proceedings.  Commencement of foreclosure or
   forfeiture proceedings, whether by judicial proceeding, self help,
   repossession or any other method, by any creditor of Grantor or by
   any governmental agency against any collateral securing tile
   Indebtedness.  This includes a garnishment of any of Grantor's
   accounts, including deposit accounts, with Lender.  However, this
   Event of Default shall not apply if there is a good faith dispute by
   Grantor as to the validity or reasonableness of the claim which is
   the basis of the creditor or forfeiture proceeding and if Grantor
   gives Lender written notice of the creditor or forfeiture proceeding
   and deposits with Lender monies or a surety bond for the creditor or
   forfeiture proceeding, in an amount determined by Lender, in its
   sole discretion, as being an adequate reserve or bond for the
   dispute.

   Events Affecting Guarantor.  Any of the preceding events occurs with
   respect to Guarantor of any of the Indebtedness or Guarantor dies or
   becomes incompetent or revokes or disputes the validity of, or
   liability under, any Guaranty of the Indebtedness.

   Adverse Change.  A material adverse change occurs in Grantor's
   financial condition, or Lender believes the prospect of payment or
   performance of the Indebtedness is impaired.

   Insecurity.  Lender in good faith believes itself insecure.

   Cure Provisions.  If any default, other than a default in payment is
   curable and if Grantor has not been given a notice of a breach of
   the same provision of this Agreement within the preceding twelve
   (12) months, it may be cured (and no event of default will have
   occurred) if Grantor, after receiving written notice from Lender
   demanding cure of such default:  (1) cures the default within
   fifteen (15) days; or 2) if the cure requires more than fifteen (15)
   days, immediately initiates steps which Lender deems in Lender's
   sole discretion to be Sufficient to cure the default and thereafter
   continues and completes all reasonable and necessary steps
   sufficient to produce compliance as soon as reasonably practical.

RIGHTS AND REMEDIES ON DEFAULT.  If an Event of Default occurs under this
Agreement, at any time thereafter, Lender shall have all the rights of a
secured party under the Florida Uniform Commercial Code.  In addition and
without limitation, Lender may exercise any one or more of the following
rights and remedies:

   Accelerate Indebtedness.  Lender may declare the entire
   Indebtedness, including any prepayment penalty which Grantor would
   be required to pay, immediately due and payable, without notice of
   any kind to Grantor.

   Assemble Collateral.  Lender may require Grantor to deliver to
   Lender all or any portion of the Collateral and any and all
   certificates of title and other documents relating to the
   Collateral.  Lender may require Grantor to assemble the Collateral
   and make it available to Lender at a place to be designated by
   Lender.  Lender also shall have full power to enter upon the
   property of Grantor to take possession of arid remove the
   Collateral.  If the Collateral contains other goods not covered by
   this Agreement at the time of repossession, Grantor agrees Lender
   may take such other goods, provided that Lender makes reasonable
   efforts to return them to Grantor after repossession.

   Sell the Collateral.  Lender shall have full power to sell, lease,
   transfer, or otherwise deal with the Collateral or proceeds thereof
   in Lender's own name or that of Grantor.  Lender may sell the
   Collateral at public auction or private sale.  Unless the Collateral
   threatens to decline speedily in value or is of a type customarily
   sold on a recognized market, Lender will give Grantor, and other
   persons as required by law, reasonable notice of the time and place
   of any public sale, or the time after which any private sale or any
   other disposition of the Collateral is to be made.  However, no
   notice need be provided to any person who, after Event of Default
   occurs, enters into and authenticates an agreement waiving that
   person's right to notification of sale.  The requirements of
   reasonable notice shall be met if such notice is given at least ten
   (10) days before the time of the sale or disposition.  All expenses
   relating to the disposition of the Collateral, including without
   limitation the expenses of retaking, holding, insuring, preparing
   for sale and selling the Collateral, shall become a part of the
   Indebtedness secured by this Agreement and shall be payable on
   demand, with interest at the Note rate from date of expenditure
   until repaid.

   Appoint Receiver.  In the event of a suit being instituted to
   foreclose this Agreement, Lender shall be entitled to apply at any
   time pending such foreclosure suit to the court having jurisdiction
   thereof for the appointment of a receiver of any or all of the
   Collateral, and of all rents, incomes, profits, issues and revenues
   thereof, from whatsoever source.  The parties agree that the court
   shall forthwith appoint such receiver with the usual powers and
   duties of receivers in like cases.  Such appointment shall be made
   by the court as a matter of strict right to Lender and without
   notice to Grantor, and without reference to the adequacy or
   inadequacy of the value of the Collateral, or to Grantor's solvency
   or any other party defendant to such suit.  Grantor hereby
   specifically waives the right to object to the appointment of a
   receiver and agrees that such appointment shall be made as an
   admitted equity and as a matter of absolute right to Lender, and
   consents to the appointment of any officer or employee of Lender as
   receiver.  Lender shall have the right to have a receiver appointed
   to take possession of all or any part of the Collateral, with the
   power to protect and preserve the Collateral, to operate the
   Collateral preceding foreclosure or sale, and to collect the Rents
   from the Collateral and apply the proceeds, over and above the cost
   of the receivership, against the Indebtedness.  The receiver may
   serve without bond if permitted by law.  Lender's right to the
   appointment of a receiver shall exist whether or not the apparent
   value of the Collateral exceeds the Indebtedness by a substantial
   amount.  Employment by Lender shall not disqualify a person from
   serving as a receiver.

   Collect Revenues, Apply Accounts.  Lender, either itself or through
   a receiver, may collect the payments, rents, income, and revenues
   from the Collateral.  Lender may at any time in Lender's discretion
   transfer any Collateral into Lender's own name or that of Lender's
   nominee and receive the payments, rents, income, and revenues
   therefrom and hold the same as security for the Indebtedness in such
   order of preference as Lender may determine.  Insofar as the
   Collateral consists of accounts, general intangibles, insurance
   policies, instruments, chattel paper, choses in action, or similar
   property, Lender may demand, collect, receipt for, settle,
   compromise, adjust, sue for, foreclose, or realize on the Collateral
   as Lender may determine, whether or not Indebtedness or Collateral
   is then due.  For these purposes, Lender may, on behalf of and in
   the name of Grantor, receive, open and dispose of mail addressed to
   Grantor; change any address to which mail and payments are to be
   sent; and endorse notes, checks, drafts, money orders, documents of
   title, instruments and items pertaining to payment, shipment, or
   storage of any Collateral.  To facilitate collection, Lender may

<PAGE>  Exhibit 10.6 - Pg. 6

                      COMMERCIAL SECURITY AGREEMENT
Loan No: 0000050483             (Continued)                    Page 4
______________________________________________________________________

   notify account debtors and obligors on any Collateral to make
   payments directly to Lender.

   Obtain Deficiency.  If Lender chooses to sell any or all of the
   Collateral, Lender may obtain a judgment against Grantor for any
   deficiency remaining on the Indebtedness due to Lender after
   application of all amounts received from the exercise of the rights
   provided in this Agreement.  Grantor shall be liable for a
   deficiency even if the transaction described in this subsection is a
   sale of accounts or chattel paper.

   Other Rights and Remedies.  Lender shall have all the rights and
   remedies of a secured creditor under the provisions of the Uniform
   Commercial Code, as may be amended from time to time.  In addition,
   Lender shall have and may exercise any or all other rights and
   remedies it may have available at law, in equity, or otherwise.

   Election of Remedies.  Except as may be prohibited by applicable
   law, all of Lender's rights and remedies, whether evidenced by this
   Agreement, the Related Documents, or by any other writing, shall be
   cumulative and may be exercised singularly or concurrently.
   Election by Lender to pursue any remedy shall not exclude pursuit of
   any other remedy, and an election to make expenditures or to take
   action to perform an obligation of Grantor under this Agreement,
   after Grantor's failure to perform, shall not affect Lender's right
   to declare a default and exercise its remedies.

CROSS DEFAULT CLAUSE.  IT IS UNDERSTOOD AND AGREED THAT IN THE EVENT A
DEFAULT EXISTS UNDER THE LOANS HELD BY THE LENDER IN WHICH PET MED
EXPRESS, INC. IS BORROWER THEREUNDER, THEN THE LENDER MAY, AT ITS OPTION,
DECLARE THE ENTIRE INDEBTEDNESS EVIDENCED HEREBY IMMEDIATELY DUE AND
PAYABLE.

MISCELLANEOUS PROVISIONS.  The following miscellaneous provisions are a
part of this Agreement:

   Amendments.  This Agreement, together with any Related Documents,
   constitutes the entire understanding and agreement of the parties as
   to the matters set forth in this Agreement.  No alteration of or
   amendment to this Agreement shall be effective unless given in
   writing and signed by the party or parties sought to be charged or
   bound by the alteration or amendment.

   Attorneys' Fees; Expenses.  Grantor agrees to pay upon demand all of
   Lender's costs and expenses, including Lender's reasonable
   attorneys' fees and Lender's legal expenses, incurred in connection
   with the enforcement of this Agreement.  Lender may hire or pay
   someone else to help enforce this Agreement, and Grantor shall pay
   the costs and expenses of such enforcement.  Costs and expenses
   include Lender's reasonable attorneys' fees and legal expenses
   whether or not there is a lawsuit, including reasonable attorneys'
   fees and legal expenses for bankruptcy proceedings (including
   efforts to modify or vacate any automatic stay or injunction),
   appeals, and any anticipated post-judgment collection services.
   Grantor also shall pay all court costs and such additional fees as
   may be directed by the court.

   Caption Headings.  Caption headings in this Agreement are for
   convenience purposes only and are not to be used to interpret or
   define the provisions of this Agreement.

   Governing Law.  This Agreement will be governed by, construed and
   enforced in accordance with federal law and the laws of the State of
   Florida.  This Agreement has been accepted by Lender in the State of
   Florida.

   No Waiver by Lender.  Lender shall not be deemed to have waived any
   rights under this Agreement unless such waiver is given in writing
   and signed by Lender.  No delay or omission on the part of Lender in
   exercising any right shall operate as a waiver of such right or any
   other right.  A waiver by Lender of a provision of this Agreement
   shall not prejudice or constitute a waiver of Lender's right
   otherwise to demand strict compliance with that provision or any
   other provision of this Agreement.  No prior waiver by Lender, nor
   any course of dealing between Lender and Grantor, shall constitute a
   waiver of any of Lender's rights or of any of Grantor's obligations
   as to any future transactions.  Whenever the consent of Lender is
   required under this Agreement, the granting of such consent by
   Lender in any instance shall not constitute continuing consent to
   subsequent instances where such consent is required and in all cases
   such consent may be granted or withheld in the sole discretion of
   Lender.

   Notices.  Any notice required to be given under this Agreement shall
   be given in writing, and shall be effective when actually delivered,
   when actually received by telefacsimile (unless otherwise required
   by law), when deposited with a nationally recognized overnight
   courier, or, if mailed, when deposited in the United States mail, as
   first class, certified or registered mail postage prepaid, directed
   to the addresses shown near the beginning of this Agreement.  Any
   party may change its address for notices under this Agreement by
   giving written notice to the other parties, specifying that the
   purpose of the notice is to change the party's address.  For notice
   purposes, Grantor agrees to keep Lender informed at all times of
   Grantor's current address.  Unless otherwise provided or required by
   law, if there is more than one Grantor, any notice given by Lender
   to any Grantor is deemed to be notice given to all Grantors.

   Power of Attorney.  Grantor hereby appoints Lender as Grantor's
   irrevocable attorney-in-fact for the purpose of executing any
   documents necessary to perfect, amend, or to continue the security
   interest granted in this Agreement or to demand termination of
   filings of other secured parties.  Lender may at any time, and
   without further authorization from Grantor, file a carbon,
   photographic or other reproduction of any financing statement or of
   this Agreement for use as a financing statement, Grantor will
   reimburse Lender for all expenses for the perfection and the
   continuation of the perfection of Lender's security interest in the
   Collateral.

   Severability.  It a court of competent jurisdiction finds any
   provision of this Agreement to be illegal, invalid, or unenforceable
   as to any circumstance, that finding shall not make the offending
   provision illegal, invalid, or unenforceable as to any other
   circumstance.  If feasible, the offending provision shall be
   considered modified so that it becomes legal, valid and enforceable.
   If the offending provision cannot be so modified, it shall be
   considered deleted from this Agreement.  Unless otherwise required
   by law, the illegality, invalidity, or unenforceability of any
   provision of this Agreement shall not affect the legality, validity
   or enforceability of any other provision of this Agreement.

   Successors and Assigns.  Subject to any limitations stated in this
   Agreement on transfer of Grantor's interest, this Agreement shall be
   binding upon and inure to the benefit of the parties, their
   successors and assigns.  If ownership of the Collateral becomes
   vested in a person other than Grantor, Lender, without notice to
   Grantor, may deal with Grantor's successors with reference to this
   Agreement and the Indebtedness by way of forbearance or extension
   without releasing Grantor from the obligations of this Agreement or
   liability under the Indebtedness.

   Survival of Representations and Warranties.  All representations,
   warranties, and agreements made by Grantor in this Agreement shall
   survive the execution and delivery of this Agreement, shall be
   continuing in nature, and shall remain in full force and effect
   until such time as Grantor's Indebtedness shall be paid in full.

   Time is of the Essence.  Time is of the essence in the performance
   of this Agreement.

   Waive Jury.  All parties to this Agreement hereby waive the right to
   any jury trial in any action, proceeding, or counterclaim brought by
   any party against any other party.  (Initial Here /s/ M.A.  )

DEFINITIONS.  The following capitalized words and terms shall have the
following meanings when used in this Agreement.  Unless specifically
stated to the contrary, all references to dollar amounts shall mean
amounts in lawful money of the United States of America.  Words and terms
used in the singular shall include the plural, and the plural shall
include the singular, as the context may require.  Words and terms not
otherwise defined in this Agreement shall have the meanings attributed to
such terms in the Uniform Commercial Code:

   Account.  The word "Account" means a trade account, account
   receivable, other receivable, or other right to payment for goods
   sold or services rendered owing to Grantor (or to a third party
   grantor acceptable to Lender).

   Agreement.  The word "Agreement" means this Commercial Security
   Agreement, as this Commercial Security Agreement may be amended or
   modified from time to time, together with all exhibits and schedules
   attached to this Commercial Security Agreement from time to time.

   Borrower.  The word "Borrower" means PET MED EXPRESS, INC., and all
   other persons and entities signing the Note in whatever capacity.

   Collateral.  The word "Collateral" means all of Grantor's right,
   title and interest in and to all the Collateral as described in the
   Collateral Description section of this Agreement.

   Default.  The word "Default" means the Default set forth in this
   Agreement in the section titled "Default."

   Environmental Laws.  The words "Environmental Laws" mean any and all
   state, federal and local statutes, regulations and ordinances
   relating to the protection of human health or the environment,
   including without limitation the Comprehensive Environmental
   Response, Compensation, and Liability Act of 1980, as amended, 42
   U.S.C. Section 9601, et seq. ("CERCLA"), the Superfund Amendments
   and Recovery Act of 1986, Pub. I, No. 99-499 ("SARA"), the Hazardous
   Materials Transportation Act, 49 U.S.C. Section 1801, et seq., the

<PAGE>  Exhibit 10.6 - Pg. 7

                      COMMERCIAL SECURITY AGREEMENT
Loan No: 0000050483             (Continued)                    Page 5
______________________________________________________________________

   Resource Conservation and Recovery Act, 42 U.S.C. Section 6901, et
   seq., or other applicable state or federal laws, rules, or
   regulations adopted pursuant thereto.

   Event of Default.  The words "Event of Default" mean any of the
   events of default set forth in this Agreement in the default section
   of this Agreement.

   Grantor.  The word "Grantor" means PET MED EXPRESS, INC.

   Guarantor. The word "Guarantor" means any guarantor, surety, or
   accommodation party of any or all of the Indebtedness.

   Guaranty. The word "Guaranty" means the guaranty from Guarantor to
   Lender, including without limitation a guaranty of all or part of
   the Note.

   Hazardous Substances.  The words "Hazardous Substances" mean
   materials that, because, of their quantity, concentration or
   physical, chemical or infectious characteristics, may cause or pose
   a present or potential hazard to human health or the environment
   when improperly used, treated, stored, disposed of, generated,
   manufactured, transported or otherwise handled.  The words
   "Hazardous Substances" are used in their very broadest sense and
   include without limitation any and all hazardous or toxic
   substances, materials or waste as defined by or listed under the
   Environmental Laws.  The term "Hazardous Substances" also includes,
   without limitation, petroleum and petroleum by-products or any
   fraction thereof and asbestos.

   Indebtedness.  The word "Indebtedness" means the indebtedness
   evidenced by the Note or Related Documents, including all principal
   and interest together with all other indebtedness and costs and
   expenses for which Grantor is responsible under this Agreement or
   under any of the Related Documents.

   Lender.  The word "Lender" means SouthTrust Bank, its successors and
   assigns.

   Note.  The word "Note" means the Note executed by PET MED EXPRESS,
   INC. in the principal amount of $150,000.00 dated March 12, 2002,
   together with all renewals of, extensions of, modifications of,
   refinancings of, consolidations of, and substitutions for the note
   or credit agreement.

   Property.  The word "Property" means all of Grantor's right, title
   and interest in and to all the Property as described in the
   "Collateral Description" section of this Agreement.

   Related Documents.  The words "Related Documents" mean all
   promissory notes, credit agreements, loan agreements, environmental
   agreements, guaranties, security agreements, mortgages, deeds of
   trust, security deeds, collateral mortgages, and all other
   instruments, agreements and documents, whether now or hereafter
   existing, executed in connection with the Indebtedness.

GRANTOR HAS READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS COMMERCIAL
SECURITY AGREEMENT AND AGREES TO ITS TERMS.  THIS AGREEMENT IS DATED
MARCH 12, 2002.

GRANTOR:

PET MED EXPRESS, INC.
By:/s/__________Mendo Akdag_________________
   MENDO AKDAG, CEO of PET MED EXPRESS, INC.

<PAGE>  Exhibit 10.6 - Pg. 8

                 DISBURSEMENT REQUEST AND AUTHORIZATION

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
Principal        Loan Date     Maturity      Loan No.    Call/Coll    Account    Officer   Initials
<S>             <C>           <C>           <C>         <C>         <C>         <C>       <C>
$150,000.00     03-12-2002     05-13-2003   0000050483   0001/780   0955232160      LH4
---------------------------------------------------------------------------------------------------
          References in the shaded area are for Lender's use only and do not limit the
            applicability of this document to any particular loan or item.  Any item
             containing "***" has been omitted due to text length limitations.
---------------------------------------------------------------------------------------------------
</TABLE>

Borrower: PET MED EXPRESS, IN.           Lender: SouthTrust Bank
          (SSN:65-0680967)                       West Palm Beach
          1441 SW 29th Ave.                      (Comm Loans - Ft. Lauderdale)
          POMPANO BEACH, FL 33069                225 N. Federal Highway
                                                 (8th Floor)
                                                 Pompano Beach, FL 33062
                                                 (561) 712-1001
==============================================================================

LOAN TYPE.  This is a Variable Rate Nondisclosable Revolving Line of
Credit Loan to a Corporation for $150,000.00 due on May 13, 2003.  The
reference rate ("base rate."  The term "base rate" means the rate of
interest designated by the Lender periodically as its Base Rate,
currently 4.750%) is added to the margin of 1.000%, resulting in an
initial rate of 5.750.  This is an unsecured renewal loan.

PRIMARY PURPOSE OF LOAN.  The primary purpose of this loan is for (please
initial):

   [ ]  _____   Personal, Family, or Household Purposes or Personal
                Investment.

   [X]  _____   Business (including Real Estate Investment).

SPECIFIC PURPOSE.  The specific purpose of this loan is:  RENEWAL OF
EXISTING LINE OF CREDIT.

DISBURSEMENT INSTRUCTIONS.  Borrower understands that no loan proceeds
will be disbursed until all of Lender's conditions for making the loan
have been satisfied.  Please disburse the loan proceeds of $150,000.00 as
follows:

     Undisbursed Funds:                       $  8,785.52
     Other Disbursements:                     $141,214.48
      $141,214.48 RENEWAL OF EXISTING LOAN
      #0955232160-50483
                                              ___________
     Note Principal:                          $150,000.00

AUTOMATIC PAYMENTS. Borrower hereby authorizes Lender automatically to
deduct from Borrower's Checking account numbered 50390015, ABA numbered
the amount of any loan payment.  If the funds in the account are
insufficient to cover any payment, Lender shall not be obligated to
advance funds to cover the payment.  At any time and for any reason,
Borrower or Lender may voluntarily terminate Automatic Payments.

FINANCIAL CONDITION.  BY SIGNING THIS AUTHORIZATION, BORROWER REPRESENTS
AND WARRANTS TO LENDER THAT THE INFORMATION PROVIDED ABOVE IS TRUE AND
CORRECT AND THAT THERE HAS BEEN NO MATERIAL ADVERSE CHANGE IN BORROWER'S
FINANCIAL CONDITION AS DISCLOSED IN BORROWER'S MOST RECENT FINANCIAL
STATEMENT TO LENDER.  THIS AUTHORIZATION IS DATED MARCH 12, 2002.

BORROWER:

PET MED EXPRESS, INC.

By:/s/________Mendo Akdag_________________
   MENDO AKDAG,CED of PET MED EXPRESS, INC.

<PAGE>  Exhibit 10.6 - Pg. 9

                           COMMERCIAL GUARANTY

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
Principal        Loan Date     Maturity      Loan No.    Call/Coll    Account    Officer   Initials
<S>             <C>           <C>           <C>         <C>         <C>         <C>       <C>
                                                         0001/780   0955232160      LH4
---------------------------------------------------------------------------------------------------
          References in the shaded area are for Lender's use only and do not limit the
            applicability of this document to any particular loan or item.  Any item
             containing "***" has been omitted due to text length limitations.
---------------------------------------------------------------------------------------------------
</TABLE>

Borrower: PET MED EXPRESS, IN.           Lender: SouthTrust Bank
          (SSN:65-0680967)                       West Palm Beach
          1441 SW 29th Ave.                      (Comm Loans - Ft. Lauderdale)
          POMPANO BEACH, FL 33069                225 N. Federal Highway
                                                 (8th Floor)
                                                 Pompano Beach, FL 33062
                                                 (561) 712-1001
Guarantor:	MARC PULEO (SSN: ###-##-####)
                2727 N. ATLANTA BLVD.
  		FT LAUDERDALE, FL  33308

==============================================================================

AMOUNT OF GUARANTY.  The amount of this Guaranty is Unlimited.

CONTINUING UNLIMITED GUARANTY.  For good and valuable consideration, MARC
PULEO ("Guarantor") absolutely and unconditionally guarantees and
promises to pay to SouthTrust Bank ("Lender") or its order, in legal
tender of the United States of America, the Indebtedness (as that term is
defined below) of PET MED EXPRESS, INC. ("Borrower") to Lender on the
terms and conditions set forth in this Guaranty.  Under this Guaranty,
the liability of Guarantor is unlimited and the obligations of Guarantor
are continuing.

INDEBTEDNESS GUARANTEED.  The Indebtedness guaranteed by this Guaranty
includes any and all of Borrower's indebtedness to Lender and is used in
the most comprehensive sense and means and includes any and all of
Borrower's liabilities, obligations and debts to Lender, now existing or
hereinafter incurred or created, including, without limitation, all
loans, advances, interest, costs, debts, overdraft indebtedness, credit
card indebtedness, lease obligations, other obligations, and liabilities
of Borrower, or any of them, and any present or future judgments against
Borrower, or any of them; and whether any such Indebtedness is
voluntarily or involuntarily incurred, due or not due, absolute or
contingent, liquidated or unliquidated, determined or undetermined;
whether Borrower may be liable individually or jointly with others, or
primarily or secondarily, or as guarantor or surety; whether recovery on
the Indebtedness may be or may become barred or unenforceable against
Borrower for any reason whatsoever; and whether the Indebtedness arises
from transactions which may be voidable on account of infancy, insanity,
ultra vires, or otherwise.

DURATION OF GUARANTY.  This Guaranty will take effect when received by
Lender without the necessity of any acceptance by Lender, or ally notice
to Guarantor or to Borrower, and will continue in full force until all
Indebtedness incurred or contracted before receipt by Lender of any
notice of revocation shall have been fully and finally paid and satisfied
and all of Guarantor's other obligations under this Guaranty shall have
been performed in full.  If Guarantor elects to revoke this Guaranty,
Guarantor may only do so in writing.  Guarantor's written notice of
revocation must be mailed to Lender, by certified mail, at Lender's
address listed above or such other place as Lender may designate in
writing.  Written revocation of this Guaranty will apply only to advances
or new Indebtedness created after actual receipt by Lender of Guarantor's
written revocation.  For this purpose and without limitation, the term
"new Indebtedness" does not include Indebtedness which at the time of
notice of revocation is contingent, unliquidated, undetermined or not due
and which later becomes absolute, liquidated, determined or due.  This
Guaranty will continue to bind Guarantor for all Indebtedness incurred by
Borrower or committed by Lender prior to receipt of Guarantor's written
notice of revocation, including any extensions, renewals, substitutions
or modifications of the Indebtedness.  All renewals, extensions,
substitutions, and modifications of the Indebtedness granted after
Guarantor's revocation, are contemplated under this Guaranty and,
specifically will not be considered to be new Indebtedness.  This
Guaranty shall bind Guarantor's estate as to Indebtedness created both
before and after Guarantor's death or incapacity, regardless of Lender's
actual notice of Guarantor's death.  Subject to the foregoing,
Guarantor's executor or administrator or other legal representative may
terminate this Guaranty in the same manner in which Guarantor might have
terminated it and with the same effect.  Release of any other guarantor
or termination of any other guaranty of the Indebtedness shall not affect
the liability of Guarantor under this Guaranty.  A revocation Lender
receives from any one or more Guarantors shall not affect the liability
of any remaining Guarantors under this Guaranty.  It is anticipated that
fluctuations may occur in the aggregate amount of Indebtedness covered by
this Guaranty, and Guarantor specifically acknowledges and agrees that
reductions in the amount of Indebtedness, even to zero dollars ($0.00),
prior to Guarantor's written revocation of this Guaranty shall not
constitute a termination of this Guaranty.  This Guaranty is binding upon
Guarantor and Guarantor's heirs, successors and assigns so long as any of
the guaranteed Indebtedness remains unpaid and even though the
Indebtedness guaranteed may from time to time be zero dollars ($0.00).

GUARANTOR'S AUTHORIZATION TO LENDER.  Guarantor authorizes Lender, either
before or after any revocation hereof, without notice or demand and
without lessening Guarantor's liability under this Guaranty, from time to
time:  (A) prior to revocation as set forth above, to make one or more
additional secured or unsecured loans to Borrower, to lease equipment or
other goods to Borrower, or otherwise to extend additional credit to
Borrower; (B) to alter, compromise, renew, extend, accelerate, or
otherwise change one or more times the time for payment or other terms of
the Indebtedness or any part of the Indebtedness, including increases and
decreases of the rate of interest on the Indebtedness; extensions may be
repeated and may be for longer than the original loan term; (C) to take
and hold security for the payment of this Guaranty or the Indebtedness,
and exchange, enforce, waive, subordinate, fail or decide not to perfect,
and release any such security, with or without the substitution of new
collateral; (D) to release, substitute, agree not to sue, or deal with
any one or more of Borrower's sureties, endorsers, or other guarantors on
any terms or in any manner Lender may choose; (E) to determine how, when
and what application of payments and credits shall be made on the
Indebtedness (F) to apply such security and direct the order or manner of
sale thereof, including without limitation, any nonjudicial sale
permitted by the terms of the controlling security agreement or deed of
trust, as Lender in its discretion may determine; (G) to sell, transfer,
assign or grant participations in all or any part of the Indebtedness;
and (H) to assign or transfer this Guaranty in whole or in part.

GUARANTOR'S REPRESENTATIONS AND WARRANTIES.  Guarantor represents and
warrants to Lender that (A) no representations or agreements of any kind
have been made to Guarantor which would limit or qualify in any way the
terms of this Guaranty; (B) this Guaranty is executed at Borrower's
request and not at the request of Lender; (C) Guarantor has full power,
right and authority to enter into this Guaranty; (D) the provisions of
this Guaranty do not conflict with or result in a default under any
agreement or other instrument binding upon Guarantor and do not result in
a violation of any law, regulation, court decree or order applicable to
Guarantor; (E) Guarantor has riot and will not, without the prior written
consent of Lender, sell, lease, assign, encumber, hypothecate, transfer,
or otherwise dispose of all or substantially all of Guarantor's assets,
or any interest therein; (F) upon Lender's request, Guarantor will
provide to Lender financial and credit information in form acceptable to
Lender, and all such financial information which currently has been, and
all future financial information which will be provided to Lender is and
will be true and correct in all material respects and fairly present
Guarantor's financial condition as of the dates the financial information
is provided; (G) no material adverse change has occurred in Guarantor's
financial condition since the date of the Most recent financial
statements provided to Lender and no event has occurred which may
materially adversely affect Guarantor's financial condition; (H) no
litigation, claim, investigation, administrative proceeding or similar
action (including those for unpaid taxes) against Guarantor is pending or
threatened; (I) Lender has made no representation to Guarantor as to the
creditworthiness of Borrower; and (J) Guarantor has established adequate
means of obtaining from Borrower on a continuing basis information
regarding Borrower's financial condition.  Guarantor agrees to keep
adequately informed from such means of any facts, events, or
circumstances which might in any way affect Guarantor's risks Under this
Guaranty, and Guarantor further agrees that, absent a request for
information, Lender shall have no obligation to disclose to Guarantor any
information or documents acquired by Lender in the course of its
relationship with Borrower.

GUARANTOR'S WAIVERS.  Except as prohibited by applicable law, Guarantor
waives any right to require Lender (A) to continue lending money or to
extend other credit to Borrower; (B) to make any presentment, protest,
demand, or notice of any kind, including notice of any nonpayment of the
Indebtedness or of any nonpayment related to any collateral, or notice of
any action or nonaction on the part of Borrower, Lender, any surety,
endorser, or other guarantor in connection with the Indebtedness or in
connection with the creation of new or additional loans or obligations;
(C) to resort for payment or to proceed directly or at once against any
person, including Borrower or any other guarantor; (D) to proceed
directly against or exhaust any collateral held by Lender from Borrower,
any other guarantor, or any other person; (E) to give notice of the
terms, time, and place of any public or private sale of personal property
security held by Lender from Borrower or to comply with any other
applicable provisions of the Uniform Commercial Code; (F) to pursue any
other remedy within Lender's power; or (G) to commit any act or omission
of any kind, or at any time, with respect to any matter whatsoever.

<PAGE>  Exhibit 10.6 - Pg. 10

                      COMMERCIAL GUARANTY
Loan No: 0000050483             (Continued)                    Page 2
______________________________________________________________________

Guarantor also waives any and all rights or defenses arising by reason of
(A) any "one action" or "anti-deficiency" law or any other law which may
prevent Lender from bringing any action, including a claim for
deficiency, against Guarantor, before or after Lender's commencement or
completion of any foreclosure action, either judicially or by exercise of
a power of sale; (B) any election of remedies by Lender which destroys or
otherwise adversely affects Guarantor's subrogation rights or Guarantor's
rights to proceed against Borrower for reimbursement, including without
limitation, any loss of rights Guarantor may suffer by reason of any law
limiting, qualifying, or discharging the Indebtedness; (C) any disability
or other defense of Borrower, of any other guarantor, or of any other
person, or by reason of the cessation of Borrower's liability from any
cause whatsoever, other than payment in full in legal tender, of the
Indebtedness; (D) any right to claim discharge of the Indebtedness on the
basis of unjustified impairment of any collateral for the Indebtedness;
(E) any statute of limitations, if at any time any action or suit brought
by tender against Guarantor is commenced, there is outstanding
Indebtedness of Borrower to Lender which is not barred by any applicable
statute of limitations; or (F) any defenses given to guarantors at law or
in equity other than actual payment and performance of the Indebtedness.
If payment is made by Borrower, whether voluntarily or otherwise, or by
any third party, on the Indebtedness and thereafter Lender is forced to
remit the amount of that payment to Borrower's trustee in bankruptcy or
to any similar person under any federal or state bankruptcy law or law
for the relief of debtors, the Indebtedness shall be considered unpaid
for the purpose of the enforcement of this Guaranty.

Guarantor further waives and agrees not to assert or claim at any time
any deductions to the amount guaranteed under this Guaranty for any claim
of setoff, counterclaim, counter demand, recoupment or similar right,
whether such claim, demand or right may be asserted by the Borrower, the
Guarantor, or both.

GUARANTOR'S UNDERSTANDING WITH RESPECT TO WAIVERS.  Guarantor warrants
and agrees that each of the waivers set forth above is made with
Guarantor's full knowledge of its significance and consequences and that,
under the circumstances, the waivers are reasonable and not contrary to
public policy or law.  If any such waiver is determined to be contrary to
any applicable law or public policy, such waiver shall be effective only
to the extent permitted by law or public policy.

SUBORDINATION OF BORROWER'S DEBTS TO GUARANTOR.  Guarantor agrees that
the Indebtedness of Borrower to Lender, whether now existing or hereafter
created, shall be superior to any claim that Guarantor may now have or
hereafter acquire against Borrower, whether or not Borrower becomes
insolvent.  Guarantor hereby expressly subordinates any claim Guarantor
may have against Borrower, upon any account whatsoever, to any claim that
Lender may now or hereafter have against Borrower.  In the event of
insolvency and consequent liquidation of the assets of Borrower, through
bankruptcy, by an assignment for the benefit of creditors, by voluntary
liquidation, or otherwise, the assets of Borrower applicable to the
payment of the claims of both Lender and Guarantor shall be paid to
Lender and shall be first applied by Lender to the Indebtedness of
Borrower to Lender.  Guarantor does hereby assign to Lender all claims
which it may have or acquire against Borrower or against any assignee or
trustee in bankruptcy of Borrower; provided however, that such assignment
shall be effective only for the purpose of assuring to Lender full
payment in legal tender of the Indebtedness.  If Lender so requests, any
notes or credit agreements now or hereafter evidencing any debts or
obligations of Borrower to Guarantor shall be marked with a legend that
the same are subject to this Guaranty and shall be delivered to Lender.
Guarantor agrees, and Lender is hereby authorized, in the name of
Guarantor, from time to time to execute and file financing statements and
continuation statements and to execute such other documents and to take
such other actions as Lender deems necessary or appropriate to perfect,
preserve and enforce its rights under this Guaranty.

MISCELLANEOUS PROVISIONS.  The following miscellaneous provisions are a
part of this Guaranty:

   Amendments.  This Guaranty, together with any Related Documents,
   constitutes the entire understanding and agreement of the parties as
   to the matters set forth in this Guaranty.  No alteration of or
   amendment to this Guaranty shall be effective unless given in
   writing and signed by the party or parties sought to be charged or
   bound by the alteration or amendment.

   Attorneys' Fees; Expenses.  Guarantor agrees to pay upon demand all
   of Lender's costs and expenses, including Lender's attorneys' fees
   and Lender's legal expenses, incurred in connection with the
   enforcement of this Guaranty.  Lender may hire or pay someone else
   to help enforce this Guaranty, and Guarantor shall pay the costs and
   expenses of such enforcement.  Costs and expenses include Lender's
   attorneys' fees and legal expenses whether or not there is a
   lawsuit, including attorneys' fees and legal expenses for bankruptcy
   proceedings (including efforts to modify or vacate any automatic
   stay or injunction), appeals, and any anticipated post-judgment
   collection services.  Guarantor also shall pay all court costs and
   such additional fees as may be directed by the court.

   Caption Headings.  Caption headings in this Guaranty are for
   convenience purposes only and are not to be used to interpret or
   define the provisions of this Guaranty.

   Governing Law.  This Guaranty will be governed by, construed and
   enforced in accordance with federal law and the laws of the State of
   Florida.  However, in the event that the enforceability or validity
   of any provision of this Guaranty is challenged or questioned, such
   provision shall be governed by whichever applicable state or federal
   law would uphold or would enforce such challenged or questioned
   provision.  The loan transaction which is evidenced by the Note and
   this Guaranty has been applied for, considered, approved and made,
   and all necessary loan documents have been accepted by Lender in the
   State of Florida.

   Integration.  Guarantor further agrees that Guarantor has read and
   fully understands the terms of this Guaranty; Guarantor has had the
   opportunity to be advised by Guarantor's attorney with respect to
   this Guaranty; the Guaranty fully reflects Guarantor's intentions
   and parol evidence is not required to interpret the terms of this
   Guaranty.  Guarantor hereby indemnifies and holds Lender harmless
   from all losses, claims, damages, and costs (including Lender's
   attorneys' fees) suffered or incurred by Lender as a result of any
   breach by Guarantor of the warranties, representations and
   agreements of this paragraph.

   Interpretation.  In all cases where there is more than one Borrower
   or Guarantor, then all words used in this Guaranty in the singular
   shall be deemed to have been used in the plural where the context
   and construction so require; and where there is more than one
   Borrower named in this Guaranty or when this Guaranty is executed by
   more than one Guarantor, the words "Borrower" and "Guarantor"
   respectively shall mean all and any one or more of them.  The words
   "Guarantor," "Borrower," and "Lender" include the heirs, successors,
   assigns, and transferees of each of them.  If a court finds that any
   provision of this Guaranty is not valid or should not be enforced,
   that fact by itself will not mean that the rest of this Guaranty
   will not be valid or enforced.  Therefore, a court will enforce the
   rest of the provisions of this Guaranty even if a provision of this
   Guaranty may be found to be invalid or unenforceable.  If any one or
   more of Borrower or Guarantor are corporations, partnerships,
   limited liability companies, or similar entities, it is not
   necessary for Lender to inquire into the powers of Borrower or
   Guarantor or of the officers, directors, partners, managers, or
   other agents acting or purporting to act on their behalf, and any
   Loan indebtedness made or created in reliance upon the professed
   exercise of such powers shall be guaranteed under this Guaranty.

   Notices.  Any notice required to be given under this Guaranty shall
   be given in writing, and, except for revocation notices by
   Guarantor, shall be effective when actually delivered, when actually
   received by telefacsimile (unless otherwise required by law), when
   deposited with a nationally recognized overnight courier, or, if
   mailed, when deposited in the United States mail, as first class,
   certified or registered mail postage prepaid, directed to the
   addresses shown near the beginning of this Guaranty.  All revocation
   notices by Guarantor shall be in writing and shall be effective upon
   delivery to Lender as provided in the section of this Guaranty
   entitled "DURATION OF GUARANTY."  Any party may change its address
   for notices under this Guaranty by giving formal written notice to
   the other parties, specifying that the purpose of the notice is to
   change the party's address.  For notice purposes, Guarantor agrees
   to keep Lender informed at all times of Guarantor's current address.
   Unless otherwise provided by applicable law, if there is more than
   one Guarantor, any notice given by Lender to any Guarantor is deemed
   to be notice given to all Guarantors.

   No Waiver by Lender.  Lender shall not be deemed to have waived any
   rights under this Guaranty unless such waiver is given in writing
   and signed by Lender.  No delay or omission on the part of Lender in
   exercising any right shall operate as a waiver of such right or any
   other right.  A waiver by Lender of a provision of this Guaranty
   shall not prejudice or constitute a waiver of Lender's right
   otherwise to demand strict compliance with that provision or any
   other provision of this Guaranty.  No prior waiver by Lender, nor
   any course of dealing between Lender and Guarantor, shall constitute
   a waiver of any of Lender's rights or of any of Guarantor's
   obligations as to any future transactions.  Whenever the consent of
   Lender is required under this Guaranty, the granting of such consent
   by Lender in any instance shall not constitute continuing consent to
   subsequent instances where such consent is required and in all cases
   such consent may be granted or withheld in the sole discretion of
   Lender.

   Successors and Assigns.  Subject to any limitations stated in this
   Guaranty on transfer of Guarantor's interest, this Guaranty shall be
   binding upon and inure to the benefit of the parties, their
   successors and assigns.

DEFINITIONS.  The following capitalized words and terms shall have the
following meanings when used in this Guaranty.  Unless specifically
stated to the contrary, all references to dollar amounts shall mean
amounts in lawful money of the United States of America.  Words and terms
used in the singular shall include the plural, and the plural shall
include the singular, as the context may require.  Words and terms not
otherwise defined in this Guaranty shall have the meanings attributed to
such terms in the Uniform Commercial Code:

   Borrower.  The word "Borrower" means PET MED EXPRESS, INC., and all
   other persons and entities signing the Note in whatever capacity.

   Guarantor.  The word "Guarantor" means each and every person or
   entity signing this Guaranty, including without limitation MARC
   PULEO

<PAGE>  Exhibit 10.6 - Pg. 11

                      COMMERCIAL GUARANTY
Loan No: 0000050483             (Continued)                    Page 3
______________________________________________________________________

   Guaranty.  The word "Guaranty" means the guaranty from Guarantor to
   Lender, including without limitation a guaranty of all or part of
   the Note.

   Indebtedness.  The word "Indebtedness" means Borrower's indebtedness
   to Lender as more particularly described in this Guaranty.

   Lender.  The word "Lender" means SouthTrust Bank, its successors and
   assigns.

   Note.  The word "Note" means the promissory note dated March 12,
   2002, in the original principal amount of $150,000.00 from Borrower
   to Lender, together with all renewals of, extensions of,
   modifications of, refinancings of, consolidations of, and
   substitutions for the promissory note or agreement.

   Related Documents.  The words "Related Documents" mean all
   promissory notes, credit agreements, loan agreements, environmental
   agreements, guaranties, security agreements, mortgages, deeds of
   trust, security deeds, collateral mortgages, and all other
   instruments, agreements and documents, whether now or hereafter
   existing, executed in connection with the Indebtedness.

EACH UNDERSIGNED GUARANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF
THIS GUARANTY AND AGREES TO ITS TERMS.  IN ADDITION, EACH GUARANTOR
UNDERSTANDS THAT THIS GUARANTY IS EFFECTIVE UPON GUARANTOR'S EXECUTION
AND DELIVERY OF THIS GUARANTY TO LENDER AND THAT THE GUARANTY WILL
CONTINUE UNTIL TERMINATED IN THE MANNER SET FORTH IN THE SECTION TITLED
"DURATION OF GUARANTY."  NO FORMAL ACCEPTANCE BY LENDER IS NECESSARY TO
MAKE THIS GUARANTY EFFECTIVE.  THIS GUARANTY IS DATED MARCH 12, 2002.

GUARANTOR:

/s/ Marc Puleo
__________________________
X MARC PULEO, Individually

<PAGE>  Exhibit 10.6 - Pg. 12

           CORPORATE RESOLUTION TO BORROW / GRANT COLLATERAL

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
Principal        Loan Date     Maturity      Loan No.    Call/Coll    Account    Officer   Initials
<S>             <C>           <C>           <C>         <C>         <C>         <C>       <C>
$150,000.00     03-12-2002    03-13-2005    0000050483   0001/780   0955232160      LH4
---------------------------------------------------------------------------------------------------
          References in the shaded area are for Lender's use only and do not limit the
            applicability of this document to any particular loan or item.  Any item
             containing "***" has been omitted due to text length limitations.
---------------------------------------------------------------------------------------------------
</TABLE>

Corporation:  PET MED EXPRESS, IN.       Lender: SouthTrust Bank
              (SSN:65-0680967)                   West Palm Beach
              1441 SW 29th Ave.                  (Comm Loans - Ft. Lauderdale)
              POMPANO BEACH, FL 33069            225 N. Federal Highway
                                                 (8th Floor)
                                                 Pompano Beach, FL 33062
                                                 (561) 712-1001

==============================================================================

I, THE UNDERSIGNED, DO HEREBY CERTIFY THAT:

THE CORPORATION'S EXISTENCE. The complete and correct name of the
Corporation is PET MED EXPRESS, INC. ("Corporation"). The Corporation
is a corporation for profit which is, and at all times shall be, duly
organized, validity existing, and in good standing under and by virtue
of the laws of the State of Florida. The Corporation is duly
authorized to transact business in all other states in which the
Corporation is doing business. Specifically, the Corporation is, and
at all times shall be, duly qualified as a foreign corporation in all
states in which the failure to do so qualify would have a material
adverse effect on its business or financial condition. The Corporation
has the full power and authority to own its properties and to transact
the business in which it is presently engaged or presently proposes to
engage. The Corporation maintains an office at 1441 SW 29TH AVE,
POMPANO BEACH, FL 33069.  Unless the Corporation has designated
otherwise in writing, the principal office is the office at which the
Corporation keeps its books and records. The Corporation will notify
Lender prior to any change in the location of the Corporation's state
of organization or any change in the Corporation's name. The
Corporation shall do all things necessary to preserve and to keep in
full force and effect its existence, rights and privileges, and shall
comply with all regulations, rules, ordinances, statues, orders and
decrees of any governmental or quasi-governmental authority or court
applicable to the Corporation and the Corporation's business
activities.

RESOLUTIONS ADOPTED. At a meeting of the Directors of the Corporation,
or if the Corporation is a close corporation having no Board of
Directors then at a meeting of the Corporation's shareholders, duly
called and held on ________________, at which a quorum was present and
voting, or by other duly authorized action in lieu of a meeting, the
resolutions set forth in this Resolution were adopted.

OFFICER. The following named person is an officer of PET MED EXPRESS,
IN.:

<TABLE>
<CAPTION>
  NAMES         TITLES      AUTHORIZED      ACTUAL SIGNATURES
  -----         ------      ----------      -----------------
<S>             <C>         <C>             <C>
MENDO AKDAG      CEO            Y           /S/____Mendo Akdag_______
</TABLE>

ACTIONS AUTHORIZED. The authorized person listed above may enter into
any agreements of any nature with Lender, and those agreements will
bind the Corporation. Specifically, but without limitation, the
authorized person is authorized, empowered, and directed to do the
following for and on behalf of the Corporation:

   Borrow Money. To borrow, as a cosigner or other, from time to
   time from Lender, on such terms as may be agreed upon between the
   Corporation and Lender, such sum or sums of money as in his or
   her judgment should be borrowed, without limitation.

   Execute Notes. To execute and deliver to Lender the promissory
   note or notes, or other evidence of the Corporation's credit
   accommodations, on Lender's forms, at such rates of interest and
   on such terms as may be agreed upon, evidencing the sums of money
   so borrowed or any of the Corporation's indebtedness to Lender,
   and also to execute and deliver to Lender one or more renewals,
   extensions, modifications, refinancing, consolidations, or
   substitutions for one or more of the notes, or any other evidence
   of credit accommodations.

   Grant Security. To mortgage, pledge, transfer, endorse,
   hypothecate, or otherwise encumber and deliver to Lender any
   property now or hereafter belonging to the Corporation or in
   which the Corporation now or hereafter may have an interest,
   including without limitation all real property and all personal
   property (tangible or intangible) of the Corporation, as security
   for the payment of any loans or credit accommodations so
   obtained, any promissory notes so executed (including any
   amendments to or modifications, renewals, and extensions of such
   promissory notes), or any other further indebtedness of the
   Corporation to Lender at any time owing, however the same may be
   evidenced. Such property may be mortgaged, pledged, transferred,
   endorsed, hypothecated or encumbered at the time such loans are
   obtained or such indebtedness is incurred, or at any time or
   times, and may be either in addition to or in lieu of any
   property theretofore mortgaged, pledged, transferred, endorsed,
   hypothecated or encumbered.

   Execute Security Documents. To execute and deliver to Lender the
   forms of mortgage, deed of trust, pledge agreement, hypothecation
   agreement, and other security agreements and financing statements
   which Lender may require and which shall evidence the terms and
   conditions under the pursuant to which such liens and
   encumbrances, or any of them, are given; and also to execute and
   deliver to Lender any other written instruments, and chattel
   paper, or any other collateral, or any kind or nature, which
   Lender may deem necessary or proper in connection with or
   pertaining to the giving of the liens and encumbrances.
   Negotiate Items. To draw, endorse, and discount with Lender all
   drafts, trade acceptances, promissory notes, or other evidences
   of indebtedness payable to or belonging to the Corporation or in
   which the Corporation may have an interest, and either to receive
   cash for the same or to cause such proceeds to be credited to the
   Corporation's account with Lender, or to cause such other
   disposition of the proceeds derived therefrom as he or she may
   deem advisable.

   Further Acts. In the case of lines of credit, to designate
   additional or alternate individuals as being authorized to
   request advances under such lines, and in all cases, to do and
   perform such other acts and things, to pay any and all fees and
   costs, and to execute and deliver such other documents and
   agreements, including agreements waiving the right to a trial by
   jury, as the officer may in his or her discretion deem reasonably
   necessary or proper in order to carry into effect the provisions
   of this resolution.

ASSUMED BUSINESS NAMES. The Corporation has filed or recorded all
documents or filings required by law relating to all assumed business
names used by the Corporation. Excluding the name of the Corporation,
the following is a complete list of all assumed business names under
which the Corporation does business: None.

NOTICES TO LENDER.  The Corporation will promptly notify Lender in
writing at Lender's address shown above (or such other addresses as
Lender may designate from time to time) prior to any (A) change the
Corporation's name; (B) change in the Corporation's assumed business
name(s); (C) change in the management of the Corporation; (D) change
in the authorized signer(s); (E) change in the Corporation's principal
office address; (F) change in the Corporation's state of organization;
(G) conversion of the Corporation to a new or different type of
business entity; or (H) change in any other aspect of the Corporation
that directly or indirectly relates to any agreements between the
Corporation and Lender. No change in the Corporation's name or state
of organization will take effect until after Lender has received
notice.

CERTIFICATION CONCERNING OFFICERS AND RESOLUTIONS. The officer named
above is duly elected, appointed, or employed by or for the
Corporation, as the case may be, and occupies the position set
opposite his or her respective name. This Resolution now stands of
record on the books of the Corporation, is in full force and effect,
and has not been modified or revoked in any manner whatsoever.

NO CORPORATE SEAL. The Corporation has no corporate seal, and
therefore, no seal is affixed to this Resolution.

CONTINUING VALIDITY. Any and all acts authorized pursuant to this
Resolution and performed prior to the passage of this Resolu6tion are
hereby ratified and approved. This Resolution shall be continuing,
shall remain in full force and effect and Lender may rely on it until
written notice of its revocation shall have been delivered to and
received by Lender at Lender's address shown above (or such addresses
as Lender may designate from time to time). Any such notice shall not
affect any of the Corporation's agreements or commitments in effect at
the time notice is given.

IN TESTIMONY WHEREOF, I have hereunto set my hand and attest that the
signature set opposite the name listed above is his or her genuine
signature.

I have read all the provisions in this Resolution, and I personally
and on behalf of the Corporation certify that all statements and
representations made this Resolution are true and correct. This
Corporate Resolution to Borrow / Grant Collateral is
dated_________________.

<PAGE>  Exhibit 10.6 - Pg. 13

          CORPORATE RESOLUTION TO BORROW / GRANT COLLETERAL
Loan No: 0000050483        (Continued)                          Page 2
______________________________________________________________________

                                  CERTIFIED TO AND ATTESTED BY:

                                  /S/______Mendo Akdag________________
                                     MENDO AKDAG, CEO

<PAGE>  Exhibit 10.6 - Pg. 14

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