Document:

PAY2 LTD LICENSE
                                    AGREEMENT

                                  PAY2 LIMITED

                                TOTAL HORIZON INC

                                 March 20, 2003

<PAGE>

CONTENTS

CLAUSE           HEADING                                                  PAGE

1. DEFINITIONS AND INTERPRETATIONS                                            3

2. GRANT OF LICENSE                                                           6

3. TRANSACTION FEES                                                           7

4. LICENSE FEES                                                               7

5. CONSIDERATION                                                              7

6. AUDITING                                                                   7

7. NON COMPETITION AND INDEMNITY                                              8

8. MEDIATION                                                                  9

9. ADMINISTRATIVE PROVISIONS                                                 10

    SCHEDULE                                                                 13

<PAGE>

DATED:       20th March 2003

PARTIES

1. Pay2 LIMITED of Exchange  House,  54-58 Athol Street,  Douglas,  Isle of Man,
United Kingdom, IM1 1 JD

2. TOTAL HORIZON INC of 8631 Terrance Drive, El Cerrito,  California,  CA 04530,
U.S.A.

BACKGROUND

A. Pay2 is the proprietor of the subject matter of,  entitled to the benefit of,
the Trademark which relates to the Pay2 Card and Pay2 concept.

B. Pay2 has contracts  with Federal Bank of the Middle East,  Cyprus,  and other
entities to enable it to arrange the production and  distribution  of Pay2 Cards
throughout the world.

C. Pay2 has agreed to grant a license  to Total  Horizon to market and sell Pay2
Cards to persons  within the Territory to whom Pay2 will then through its agents
or contractors distribute.

D. Pay2 is also the  proprietor or licensee of the other  Intellectual  Property
and it was agreed a license to Total Horizon to promote,  sell,  manipulate  and
otherwise take advantage of the Other Intellectual Property.

OPERATIVE PROVISIONS

1.       DEFINITIONS AND INTERPRETATION

1.1      In this Agreement unless the context otherwise requires:

Pay2 Card means a card that is central  to the Pay2  Concept,  being a card that
can be used as a Stored Value Card with the ability to enable  holders to redeem
cash through  automatic  teller machines and to make purchases  through point of
sale  electronic  funds  transfer at merchants  and to make  purchases  over the
internet.

Pay2 Concept  means the concept more  particularly  described in the schedule to
this Agreement.

Transaction  Fee means the fee charged by Pay2, in relation to each of the types
of  transactions  conducted  using the Pay2 Card as described in this  agreement
(but  specifically  excludes fees charged by banks in relation to the processing
of financial transactions).

Territory means the world.

Reseller  means agents which may be appointed or  contracted by Total Horizon at
its own  expense to assist in the  marketing  and sales of the Pay2  Card,  each
Reseller appointed to be subject to the approval of Pay2.

Trademark  means any  trademark  registered  by Pay2 in the United  Kingdom  and
elsewhere in relation to the Pay2 Card.

Other Intellectual  Property means all other intellectual property owned by Pay2
or to which it has a license to market,  sell,  manipulate  and  otherwise  take
advantage.

Performance  Criteria means 200,000  transactions per month on Pay2 Cards issued
pursuant  to the license  granted to Total  Horizon,  to be  achieved  within 12
months of the date when the Pay2 Cards are issued and operational.

Direct Per Card Cost means the expenses  charged by all  contractors to Pay2 for
the design  (including  and redesign of artwork) and  production of the relevant
Pay2 Card including  expenses for the  distribution  of the Pay2 Card,  together
with any additional charge which shall be agreed with Total Horizon.

1.2  In this Agreement  unless the context  otherwise  requires:  reference to a
     person  includes any other  entity  recognized  by law and vice versa;  the

singular includes the plural and vice versa;

<PAGE>

one gender includes every gender;

reference  to a party  includes  their  executors,  administrators  or permitted
assigns or, being a company, its successors or permitted assigns;

an  agreement,  representation  or warranty  on the part of two or more  persons
binds each and all of them;

an agreement, representation or warranty in favor of two or more persons if for
the benefit of each and all of them; clause headings are for reference  purposes
only;

all references to dollars shall, unless specified to the contrary, be references
to United States dollars;

reference to an hem is a reference to an Item in the Schedule to this Agreement;

reference to a statute,  ordinance,  code or other law includes  regulations and
other  instruments  under  it  and  consolidations,   amendments  under  it  and
consolidations, amendments, re-enactments or replacements of it.

2.       GRANT OF LICENSE

2.1 Pay2 hereby grants a license to Total Horizon:

     (a)  to market  and sell in the  territory  PaY2 Cards to be  produced  and
          distributed by Pay2 through its agents and contractors,  in any manner
          Total  Horizon  shall  choose,  (including,  but without  limiting the
          foregoing, by network or multilevel marketing technique;)

     (b)  to appoint  resellers within the Territory  subject to the approval of
          Pay2.

2.2      Subject to clause 2.3, the license referred to in clause 2.1 shall from
         the date  hereof be an  exclusive  license  in  respect of the right to
         market and sell Pay2 Cards  throughout  the world for an initial period
         of 10 yews and renewable thereafter- by mutual agreement. -

2.3  In the event that Total Horizon does not achieve the  Performance  Criteria
     by the deadline stipulated  therein,  then the exclusive license granted in
     clause 2.1 shall be converted to a non exclusive license.

2.4      Pay2 also grants to Total Horizon a license to market,  promote,  sell,
         manipulate  and  otherwise  deal with and take  advantage  of the Other
         Intellectual  Property to the extent  permitted  by law or the terms of
         any head license granted in favor of Pay2.

2.5      Total Horizon is entitled to appoint  Resellers to market the Pay2 Card
         and it is a condition of this license that both Total  Horizon and such
         resellers  shall not engage or have engaged in any  felonious  criminal
         activity or have marketed or shall market to criminal  organizations or
         individuals  who may be deemed to be operating  illegally  within their
         jurisdictions.

2.6      Pay2 and Total Horizon will enter into such  registered user agreements
         as shall be  necessary  to  regulate  the use by Total  Horizon  of the
         trademark.

3.       TRANSACTION FEES

<PAGE>

3.1 The parties  knowledge that fees are to be charged by Pay2 in respect of the
processing  and   maintenance  of  transaction   processing   facilities,   more
particularly described as Pay2 functions in the Pay2 Concept. These fees are set
out in Appendix I of this Agreement.  The parties also acknowledge that fees are
to be  charged by  Resellers  in  relation  to the  marketing  of the Pay2 cards
throughout the world.

4.       LICENSE FEES

4.1 in respect of the grant of rights under this Agreement  Total Horizon agrees
that Pay2 will retain for its own account up to 10% of the net revenue generated
by cardholders  introduced by Total Horizon and its resellers plus such funds as
may be required by Pay2 to cover all of its costs. These costs shall include but
not  be  limited  to  all  transaction   costs  levied  by  third  parties;   an
administration  costs; all -systems costs;  all marketing and brand  development
costs and all support and other costs.

5.      CONSIDERATION

5.1 Total Horizon Inc. will issue  28,185,000  shares by which 4,000,000  shares
are for the  account of Pay2  Limited to  Argonaut  Associates  Ltd  Nicosia for
arranging  the delivery of the Pay2 system to Total Horizon as evidenced by this
license.

6.       AUDITING

6.1 Pay2 hereby grants to Total Horizon and its duly authorized  representatives
the right to inspect its  financial  books and  records for the sole  purpose of
verifying the charges and expenses incurred and to be incurred by Pay2

7.       NON COMPETITION AND INDEMNITY

7.1  Total  Horizon  shall  not seek to set up or  operate  a  concept  which is
substantially similar to the Pay2 Concept.

7.2 Total Horizon shall not market or sell any other cards that perform the same
functions as the Pay2 Card without Pay2's consent.

7.3 Total Horizon shall ensure that in every Reseller's agreement,  which it may
grant hereunder,  there shall be obligations  placed upon the Reseller identical
to clauses 7.1 and 7.2.

7.4 In the event that Total Horizon or any of its  Resellers  commits any act or
performs  any  conduct  which is  contrary  to the Pay2  Concept and that act or
conduct results in claims,  actions, suits or demands made upon Pay2, then Total
Horizon shall indemnify and keep indemnified Pay2 from all liability  arising as
a result of such in claims, actions, suits or demands.

7.5 In the event that Pay2 or any of its contractors commits any act or performs
any  conduct  which is  contrary  to the Pay2  Concept  and that act or  conduct
results in claims,  actions, suits or demands made upon Total Horizon, then Pay2
shall indemnify and keep indemnified Total Horizon from all liability arising as
a result of such in claims, actions, suits or demands.

7.6 In the event that Total  Horizon  suffers  loss as a result of any  failure,
defect or error in the Pay2  Concept,  being a failure,  defect or error that is
not within the control of Pay2 or caused by any act or omissions  of Pay2,  then
Total Horizon shall not hold Pay2 liable for such loss, provided however that if
such  failure,  defect or error is  caused  by any  other  party who may be held
liable to Pay2, then Pay2 shall do all things  necessary to permit Total Horizon
to recover its loss from such other party.

8.       MEDIATION

8.1 In the event of a dispute  arising under the  provisions of this  agreement,
the parties  agree to  participate  in a mediation  procedure  before taking any
court action.

<PAGE>

8.2 In the event of a dispute, the following procedure must be followed:

     (a)  the alleged  aggrieved party shall give written notice of the dispute,
          including particulars thereof, to the other party;

     (b)  the notice of dispute shall identify three potential  mediators,  each
          of whom shall be legally qualified in the jurisdiction of at least one
          of the parties;

     (c)  within 21 days of receipt of the notice of  dispute,  the other  party
          shall respond,  setting out  particulars of any defense,  and identify
          either  one of the  mediators  chosen  by the  aggrieved  party or any
          further mediators (being not more than three) to mediate the dispute;

     (d)  if the parties cannot agree on the choice of mediator within a further
          14 days,  then the  parties  shall  refer the  matter  to HM  Attorney
          General of the Isle of Man to choose a mediator, which choice shall be
          binding upon the parties;

     (e)  if the  mediator is unable to resolve the dispute then he or she shall
          certify in writing to that  effect,  whereupon  the parties will be at
          liberty to commence court action.

9.       ADMINISTRATIVE PROVISIONS

9.1      Notices

     (a)  Any notice, approval,  request, demand or other communication (notice)
          to be given for the purposes of this  Agreement must be in writing and
          must be:

          (i)  served personally; or

          (ii) sent by  ordinary  or  registered  post - person to  person  mail
               (airmail if  overseas)  to the address of the party  specified in
               this  Agreement (Or such other address as that party  notifies in
               writing); or

          (iii)sent by facsimile  transmission  to the facsimile  number of that
               party  specified  in this  Agreement,  (or such  other  facsimile
               number as that party notifies in writing).

A notice given:

          (i)  personally will be served on delivery;

          (ii) by post will be served seven days after posting;

          (ii) by  facsimile  transmission  will  be  served  on  receipt  of  a
               transmission  report by the machine from which the  facsimile was
               sent  indicating that the facsimile had been sent in its entirety
               to the facsimile number specified in this Agreement or such other
               number as may have been notified by the receiving  party.  If the
               facsimile  has  not  been  completely  transmitted  by  5.00  PM.
               (determined  by reference  to the time of day at the  recipient's
               address) it will be deemed to have been served on the next day.

9.2           Stamp Duty

     (a)  The  parties  shall  contribute  equally  to pay all stamp  duty on or
          arising  in  connection  with this  Agreement  and any  other  related
          documentation.

     (b)  Each  party  must  bear its own legal  and  other  costs and  expenses
          arising  directly  or  indirectly  with  respect  to the  preparation,
          execution, completion and performance of this Agreement or any related
          documentation.

<PAGE>

9.3           Waiver

The failure or omission of a party at any time to:

     (a)  enforce Or require the strict  observance  of or  compliance  with any
          provision of this Agreement; or

     (b)  exercise any election or  discretion  under this  Agreement,  will not
          operate as a waiver of them or the rights of a party,  whether express
          or implied, arising under this Agreement.

9.4      Further Assistance

Each party must sign) execute and complete all additional documents which may be
necessary to effect,  perfect,  or complete the provisions of this Agreement and
the transactions to which it relates.

9.5      Severability

If any part of this Agreement is or becomes illegal, invalid or unenforceable in
any relevant  jurisdiction,  the  legality,  validity or  enforceability  of the
remainder of the Agreement  will not be affected and this Agreement will be read
as if the part had been deleted in that jurisdiction only.

9.6       Entire Understanding

     (a)  This Agreement contains the entire understanding and agreement between
          the parties as to the subject matter of this Agreement.

     (b)  All   previous    negotiations,    understandings,    representations,
          warranties,  memoranda  or  commitments  in relation to, or in any way
          affecting,  the  subject  matter of this  Agreement  are merged in and
          superseded by this  Agreement and will be of no force or effect and no
          party will be liable to any other party in respect of those matters.

     (c)  No oral  explanation or  information  provided by any party to another
          will  affect  the  meaning  or  interpretation  of this  Agreement  or
          constitute any collateral agreement, warranty or understanding between
          any of the parties.

9.7      Merger

Obligations contained in this Agreement will continue until satisfied in full.

9.8      Execution by Counterparts

This  Agreement  may  consist  of  one  or  more  counterpart   copies  and  all
counterparts will, when taken together, constitute the one document.

<PAGE>

                                    SCHEDULE

The Pay2 Concept:

The central  feature of the Pay2 Concept is the Pay2 Card issued by a bank under
the Maestro or Visa  Electron  banner.  The Pay2 Card is designed to be a stored
value  card  and once  loaded,  can be used at  ATM's,  Points  of Sale,  on the
Internet  or to  transfer  funds  from  card to card.  The Pay2 Card is a secure
payment method which is PIN driven.

To achieve these functions the Pay2 Card utilizes Pay2 technology, some of which
is  the  subject  of  provisional  -  patent  applications  and  is  still  in a
developmental  stage. The  technologies  necessary for the basic function of the
Pay2 Card as  outlined in this  description  have  already  been  developed.  As
further  technologies  are developed,  they will be used to further  enhance the
functions of the Pay2 Card.

<PAGE>

EXECUTED as an agreement.

SIGNED  on  behalf  of Pays  LIMITED
By its  authorized  representative  in the
Presence of:

 ---------------------------------------    ------------------------------------
    Signature of  witness                 Signature of authorized representative

---------------------------------------     ------------------------------------
   Name of witness - please print         Name of authorized representative-
                                                    please print

-----------------------------------------------------------------
                   Address of witness

SIGNED  on  behalf  of  TOTAL  HORIZON  INC
ACN  085  902 934 by its  authorized
Representative in the presence of:

---------------------------------------    -------------------------------------
  Signature of witness                    Signature of authorized representative

---------------------------------------    -------------------------------------
Name of witness - please print            Name of authorized representative -
                                                    please print

______________________________________________________________________
Address of witnessAGREEMENT

                                     PARTIES

                     LORD RAZZALL and JOHN ANTHONY MITCHELL
                         trading as ARGONAUT ASSOCIATES

                             BOSTON FIDELITY LIMITED

                    PAYGARD INC., formerly TOTAL HORIZON INC.

                                  PAY2 LIMITED

                           ARGONAUT ASSOCIATES LIMITED

<PAGE>

THIS AGREEMENT is made on  12th June, 2003

BETWEEN:

LORD RAZZALL and JOHN ANTHONY MITCHELL trading as ARGONAUT ASSOCIATES C/- of 2nd
Floor, 14-16 Regent Street London SWlY 4PH, United Kingdom ("Argonaut")

and

BOSTON FIDELITY  LIMITED c/o Asian Management  Services,  111 North Bridge Road,
18-01 Peninsula Plaza, Singapore 179098, Singapore ("Boston")

and

PAYGARD INC, formerly TOTAL HORIZON INC, c/o 9631 Terrance Drive, El Cerrito,
California, CA 04530, USA ("TH")

and

PAY2 LIMITED c/o Exchange House,  54-58 Athol Street Douglas,  Isle of Man, IMI1
1lJD, United Kingdom ("Pay2")

and

ARGONAUT ASSOCIATES LIMITED c/o Papabasiliou House, PO Box 27007, 70 John F
Kennedy Avenue, Nicosia, Cyprus CY1641 ("AAC") RECITALS:

A. The parties  wish to enter into this  agreement  to set out their  respective
rights and  obligations in relation to a transaction  involving TH and the "Pay2
Card System".

B. The parties have agreed to acquire  shares in TH on the terms and  conditions
contained in this agreement.

C. The parties have agreed to operate the  business  known as "Pay2 Card System"
on the terms set out in this agreement.

THE PARTIES AGREE in consideration of the mutual promises contained in this
agreement:

1. DEFINITIONS AND INTERPRETATION

1.1      Definitions

         In this agreement:

"Business  Day" means a day on which  banks are open for  business in the United
States of America;

"Conditions Precedent" means the conditions in clause 2.1;

"Members" means a member of the World Games Organization;

"MSL" means Miramas Services Limited, a company incorporated in Guernsey;

"Pay2  Card  System"  means a digital  electronic  debit  card  provided  to the
Members;

"Quotation" means the OTC dealing facility referred to in clause 2. 1 (i);

"Shareholders' Agreement" means a shareholders' agreement between Argonaut and
Boston on or substantially on the terms set out in clause 6;

"Share" means a share of common stock with a par value of US $0.001 in the
capital of TH.

<PAGE>

1.2 Interpretation

In this agreement, unless the context otherwise requires:

     (a)  headings and underlinings,  are for convenience only and do not affect
          its interpretation;

     (b)  words importing the singular include the plural and vice versa;

     (c)  words importing a gender include any gender,

     (d)  other  parts of  speech  and  grammatical  forms  of a word or  phrase
          defined in this agreement have a corresponding meaning; - -

     (e)  a reference  to any thing,  including,  but not limited to, any right,
          includes a part of that thing,

     (f)  a reference to a part, clause, party, annexure, exhibit or schedule is
          a reference to a part and clause of, and a party, annexure exhibit and
          schedule to, this agreement and a reference to this agreement includes
          any annexure, exhibit and schedule;

     (g)  a reference to a document  includes all amendments or supplements  to,
          or replacements or novations of, that document;

     (h)  a reference to a party to a document includes that party's  successors
          and permitted assigns;

     (i)  all references to dollars are to US Dollars;  and if any payment to be
          made pursuant to this agreement  falls due on a non-Business  Day, the
          payment is to be made on the next Business Day.

2.     CONDITIONS PRECEDENT

2.1  This  agreement  and the  obligations  of the  parties  pursuant  to it are
conditional upon the following:

     (a)  Boston being satisfied in its absolute  discretion with the results of
          its due diligence on TH,  including its assets,  liabilities,  capital
          structure and shareholders;

     (b)  Boston being  satisfied in its  absolute  discretion  with the rights,
          title and interest of Pay2 in all  intellectual  property and know-how
          in the Pay2 Card System;

     (c)  the issue by TH of 28,195,000  Shares credited as fully paid to AAC in
          consideration for AAC arranging for TH to acquire an exclusive 10 year
          global license from Pay2 in the form to be agreed (Pay2 License);

     (d)  the transfer to Boston by AAC of 4,185,000  Shares in repayment of a
          promissory  note from AAC to Boston for sum  totalling  US $ 1,090,000
          lent by Boston to AAC;

     (e)  TH entering into an agreement  with AAC for the repayment of a loan of
          US $1,200,000 from AAC to TH evidenced by a promissory note..

     (f)  TH changing its name to "Paygard Inc";

     (g)  TH  completing   all  relevant   statutory,   legal,   and  accounting
          obligations and obtaining all necessary approvals to enable it to have
          its shares  dealt in on the Over the Counter  Billboard  in the United
          States of America and paying all fees associated with the Quotation;

     (h)  TH obtaining all shareholder,  SEC, and any other regulatory approvals
          required under the laws of the United States of America to any and all
          of the transactions contemplated in this agreement;

     (i)  the execution of the Shareholders' Agreement and such other agreements
          required  to give  effect  to the  transactions  contemplated  in this
          agreement;

     (j)  TH being satisfied with its due diligence investigations in respect of
          Boston.

<PAGE>

2.2 In the  event  that  the  Conditions,,  Precedent  are not  satisfied  by 30
September 2003,  Boston and Argonaut may elect by notice in writing to terminate
this  agreement  whereupon  the  parties  will  be  released  from  all  further
obligations under it

3.       BOSTON RIGHTS AND OBLIGATIONS

3.1 After  satisfaction  of the Conditions  Precedent,  Boston will subscribe in
cash for Shares payment for which will be made in installments as follows

     (a)  3,420,000  for  $750,000,  representing  a premium of $0.218 per Share
          payable on completion;

     (b)  2,916,471  for US $1,000,000  representing  a premium of US $0.342 per
          Share payable one calendar month from completion;

     (c)  2,916,471  for US $1,000,000  representing  a premium of US $0.342 per
          Share payable two calendar months from completion;

     (d)  2,916,471 for US $ 1,000,000  representing  a premium of US $0.342 per
          Share payable three calendar months from completion; and

     (e)  3,645,598  for US $1,250,000  representing  a premium of US $0.342 per
          Share payable four calendar months from completion.

The Shares will be issued on completion of the Shareholders  Agreement to Boston
nil paid and held in trust until the corresponding  installment of consideration
set out above has been paid in cleared funds for the account of the Company.

3.2  Boston  will  grant to TH a 20 year  exclusive  license to use the names of
1,000,000 Members for the purpose only of marketing the Pay2 Card System to them
(Boston License Agreement),

3.3 Boston agrees to introduce  the Pay2 Card System to up to 1,000,000  Members
and, with the consent of accepting Members, will arrange for those Members to be
signed up as Pay2 Card System cud members by TH.

3.4 TH will pay the  following  sums to Boston as and when a Member is signed up
as a Pay2 Card System member by TH:

     (a)  for each Member up to 150,000 Members, $5;

     (b)  for each Member from 150,001 to 1,000,000, $5; and

     (c)  for each Member over 1,000,000, $ 50 cents.

3.5 The records of the Members who are the subject of the Boston License
Agreement will be maintained in the Pay2 database in the Isle of Man or anywhere
else from time to time and those records will at all times remain exclusively
the property of TH until the termination or expiry of flat license agreement.

3.6 Boston, Pay2, and TH agree that -the names. of the Members introduced by
Boston or World Games Inc to TH will at all times remain the property of the
owner. TH and Pay2 agree not to use those names in any form whatsoever other
than pursuant to the Boston License Agreement.

3.7 Boston will have the right to acquire the issued share capital of Pay2 in
each case at the price proposed by an independent valuer in the Isle of Man as
follows:

     (a)  in the event that Lord  Razzall,  John Mitchell or Graham Newall elect
          to sell  all or part of  their  shareholdings  in Pay2 and they do not
          wish to acquire all or part of each others'  shareholding  offered for
          sale, all or part of the shareholding offered for sale;

<PAGE>

     (b)  in the event  that Pay2  becomes  insolvent  the entire  issued  share
          capital of Pay2.

4.       MSL RIGHTS AND OBLIGATIONS

4.1 TH will issue 5,700,000 Shares to MSL in satisfaction of the fee owed to MSL
for corporate finance services.

4.2 TH will enter into a  consultancy  agreement  with MSL for a term of 3 years
commencing  on October 2003  pursuant to which MSL will be paid an annual fee of
$150,00  profit  share to be  agreed  by the  Board,  MSL will  provide  general
business and consultancy services.

5.       TH RIGHTS AND OBLIGATIONS

5.1 TH undertakes to Boston not to issue any further shares or other  securities
without the prior written approval of Boston.

5.2 TH undertakes  to Boston to provide it and its advisers,  with access to its
books and  records  for &a  purpose  of ambling  Boston to  exercise  its rights
pursuant to this  agreement  and  Argonaut  agrees to use its best  endeavors to
cause TH to provide Boston with such access to the books and records of TH.

6.     SHAREHOLDERS' AGREEMENT

6.1 Argonaut and Boston agree to enter into the Shareholders' Agreement
regulating their rights and obligations with respect to their shareholdings in
TH, such agreement to:

     (a)  provide that  Argonaut  and Boston will have equal  voting  rights and
          control in TH,  notwithstanding  that  Argonaut  Will hold more Shares
          than Boston;

     (b)  include, without limitation,  the terms of dilution and management and
          rights of refusal in  respect  of each  other's  shares in TH and such
          other terms ordinarily found in shareholders' agreements in common use
          in the United States of America;

     (c)  provide for equal  representation  on the board of TH,  which will not
          exceed  four  directors  but no  fewer  than  two  directors  each for
          Argonaut and Boston;

     (d)  provide that the nominated board  representatives  will in the case of
          Argonaut,  be John  Mitchell and Lord Razzall and as an alternate  for
          either or both of them Graham  Newall and in the case of Boston,  Greg
          Kennedy and Lindsay  Sanford,  who may appoint an alternate for either
          or both of them.

7.     SERVICE-CONTRACTS

7.1 Both TH and Pay 2 will enter into a contract for services with Apollo
Consulting Limited, London for services on a cost plus 10% basis in the form
attached as appendix 2;

7.2 TH will enter into a contract for services with Interpaytech Limited,
Nicosia, Cyprus for marketing services for $900,000 per annum in the form
attached as appendix 3, with the intention that Interpaytech Limited enter into
contractual arrangements with such nominees of Boston and under which $450,000
of the funds to be paid to Interpaytech Limited are disbursed in full to such
nominees in equal shares and with such nominees of Argonaut as may be advised by
Argonaut and under which $450,000 of the funds are disbursed in full to such
nominees in equal shares.

8.     GENERAL

8.1 Each party must pay its own costs and expenses in respect of the
negotiation, preparation, execution, delivery and registration of this
agreement.

8.2

     (a)  This agreement is governed by the laws of England.

<PAGE>

     (b)  Each party irrevocably  submits to the  non-exclusive  jurisdiction of
          the courts of London, England.

     (c)  Each party irrevocably  waives any objection to the venue of any legal
          proem  on  the  basis  that  the  process  has  been   brought  in  an
          inconvenient forum.

     (d)  Each  party  irrevocably   waives  any  immunity  in  respect  of  its
          obligations  under  this  agreement  that  it  may  acquire  from  the
          jurisdiction  of any  court  or  any  legal  process  for  any  reason
          including, but not limited to, the service of notice, attachment prior
          to judgment, attachment in aid of execution or execution.

8.3 The terms of this agreement are confidential to each party and the
employees, legal advisers, auditors and other consultants to the parties, and
may not be disclosed by either party to other persons except:

     (a)  with the written consent of the other parties, which consent is not to
          be unreasonably withheld; or

     (b)  if required by law or by a stock exchange; or

     (c)  in connection with legal proceedings; or

     (d)  if the information is available generally and publicly.

8.4  Further assurances

Each party must do all things necessary to give full effect to this agreement
and the transactions contemplated by this agreement.

8.5  Variation

An amendment or variation to this agreement is not effective unless it is in
writing and signed by the parties.

8.6 Waiver

A party's failure or delay to exercise a power or fight does not operate as a
waiver of that power or right.

8.7 Notices

A notice or other communication connected with this agreement will be taken to
have been duly and properly given if it is in writing and:

     (a)  sent by post, postage prepaid, to the address or last known address of
          the addressee; or

     (b)  sent by facsimile to the facsimile number of the addressee, or

     (c)  otherwise  delivered at the address of the  addressee  set out in this
          agreement or subsequently notified.

For the purposes of this agreement, the initial address for service for each of
the parties is as follows:

Boston:

Address:                   c/o Asian Management Services,
                           111 North Bridge Road, 18-01 Peninsula Plaza
                           Singapore 179099, Singapore

Attention:                 Duncan Merin
Facsimile:                 6563360200
Telephone:                 6563360102

Argonaut:

Address:                   c/o 2nd Floor, 14-16 Regent Street
                           London SW I Y 4PH
                           United Kingdom

Attention:                 Lord Edward Timothy Razzall
Facsimile:                 44 207 976 1933
Telephone:                 44 207 976 1233

<PAGE>

TH:

Address:                   c/o 8631 Terrance Drive, El Cerrito
                           California, CA 04530 USA

Attention:                 David Anderson
Facsimile:                 44 207 976 1933
Telephone:                 44 207 976 1233

Pay2:

Address:                   c/o Exchange Home, 54-59 Athol Street
                           Douglas, Isle of Man IM1  IJD
                           United Kingdom

Attention:                 Graham Newall
Facsimile:                 44 207 976 1833
-Telephone -               44207.9761233

8.8 This  agreement  may be  executed  in any  number of  counterparts,  but the
counterparts together constitute the one instrument.

8.9 The parties agree that this agreement is to be legally binding on the
parties until such time as it is replaced by more formal and comprehensive
documentation.

I

EXECUTED AS AN AGREEMENT:

EXECUTED by LORD RAZZALL
And JOHN ANTHONY MITCHELL for and on behalf of
ARGONAUT ASSOCIATES

EXECUTED for and on behalf of
ARGONAUT ASSOCIATES LIMITED
by the authority of the Directors:

Name:
(Director)

In the presence of
Name:
Address
Occupation:

EXECUTED for and on behalf of
BOSTON FIDELITY LIMITED
by the authority of the Directors

                                                (one signatory)
Name:

In the presence of:

Name
Address:
Occupation:

<PAGE>

EXECUTED for and on behalf of
TOTAL HORIZON INC
by the authority of the Directors:

Name
(Director)

In the presence of

Name:
Address:
Occupation:

EXECUTED for and on behalf of PAY2 Limited by the authority of the Directors:

Name
(Director)

In the presence of:
Name:
Address:
Occupation:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00065-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00065-of-00352.parquet"}]]