Document:

IROQUOIS PIPELINE OPERATING COMPANY

                             PERFORMANCE SHARE PLAN

Iroquois Pipeline Operating Company hereby establishes a Performance Share Plan
for the benefit of its executive officers and certain key employees. This Plan
is effective as of January 1, 1999.

1.       PURPOSE

         The purpose of the Plan is to attract, retain and motivate executives
and key employees of the Company and its subsidiaries by providing such
executives and key employees with financial incentives based upon the long-term
performance of its parent, Iroquois Gas Transmission System, L.P. (the
"Partnership") and thereby to maximize the value of the Partnership. This Plan
is based upon "Performance Shares" designed to reflect growth in value of the
Partnership over a specified Performance Period.

2.       DEFINITIONS

As used herein, the following terms have the meanings ascribed to them below:

         "Affiliate" has the meaning set forth in Rule 12b-2 of the regulations
promulgated under the Securities Exchange Act of 1934, as amended. The term
"Affiliate" when used with reference to the Company or the Partnership includes,
without limitation, any employee benefit plan maintained or contributed to by
the Company or the Partnership.

         "Board" means the board of directors of the Company.

         "Book Value" per Performance Share in a given fiscal year means an
amount equal to (i) the Partner's Equity (i.e., assets of the Partnership minus
liabilities of the Partnership) of the Partnership at the end of such year
divided by (ii) 1,000,000 (i.e., the assumed number of shares (or Partnership
interests) deemed to be outstanding in any given year for purposes of this
Plan); provided, however, that if, during a fiscal year, any capital
contributions are made to the Partnership by its partners, the aforementioned
assumed number of shares (or Partnership interests) would be increased such that
the Partner's Equity per share as of the beginning of the applicable fiscal year
would remain unchanged ("Adjusted Assumed Number of Shares"). Book Value shall
be determined with reference to the Partnership's audited financial statements
for the applicable fiscal year.

         "Cause" means the definition of "cause" as set forth in any written
employment agreement between the Participant and the Company or any Affiliate of
the Company employing the Participant, or if no such definition exists,
termination based upon (i) the willful failure by the Participant in the
reasonable discretion of the Board of Directors of the Participant's employer to
follow the reasonable directives of such Board of Directors or Participant's
supervisor; (ii) the knowing and willful engaging by the Participant in conduct
which is materially injurious to the Participant's employer, monetarily; (iii) a
conviction of, a plea of nolo contendere, a guilty plea or confession by the
Participant to an act of fraud, misappropriation or embezzlement or to a felony;
(iv) the Participant's habitual drunkenness or use of illegal substances; (v)
the material breach by the Participant of any material agreement with the
Company or any Affiliate of the Company; or (vi) repeated or continuous acts of
gross neglect or gross or willful misconduct that directly relate to the
business of the Company or any Affiliate of the Company which the Board of
Directors of the Participant's employer in its reasonable discretion deems to be
good and sufficient cause.

<PAGE>

         "Change in Control" means that the Committee has determined that one of
the following has occurred with respect to the Company or the Partnership:

         (a)      any "person" within the meaning of Sections 13(d) of the
Securities and Exchange Act of 1934, as amended, other than the Partnership, any
group of existing partners or any Affiliate of the Partnership or the Company,
but including any single existing partner of the Partnership, becomes the
beneficial owner of (50%) or more of the combined voting power of the Company;

         (b)      any "person" within the meaning of Sections 13(d) of the
Securities and Exchange Act of 1934, as amended, other than the Partnership, any
group of existing partners or any Affiliate of the Partnership or the Company,
but including any single existing partner of the Partnership, becomes the
beneficial owner of a controlling interest in two or more Voting Blocks of the
Partnership (as defined in the Partnership's Partnership Agreement);

         (c)      the Partnership or the Company is merged or consolidated with
or into another corporation, partnership or other entity other than an Affiliate
of the Partnership or the Company and the Partnership or the Company is not the
surviving business entity or the Partnership or the Company sells or otherwise
disposes of all or substantially all of its assets (including a plan of
liquidation) to a person (defined as aforesaid) that is not an Affiliate of the
Partnership; or

         (d)      there is an underwritten public stock offering of more than
20% of the equity of the Partnership or the Company or any corporation into
which the Partnership is rolled into.

         "Committee" means the Human Resources Committee of the Board of
Directors of the Company, any successor thereto or, if no such committee exists,
the board of directors of the Company.

         "Company" means Iroquois Pipeline Operating Company.

         "Growth Rate Multiplier" means the multiplier that is applied to the
aggregate number of Performance Shares granted to a Participant in accordance
with Schedule B to this Plan in order to determine the number of Performance
Shares that were actually earned by such Participant as of a specified vesting
date. Such Growth Rate Multiplier shall be determined by the annualized rate of
growth in average bCF system levels between the year immediately preceding the
Performance Period and the last year of the Performance Period.

         "Market Value" means the value determined in good faith by the
Committee that is equal to either (a) the actual sales price of the entire
Partnership where all of the equity interests in the Partnership are sold
(regardless of the structure of any such sale) or all or substantially all of
the assets of the Partnership are sold, (b) the actual sales price that would be
attributable to the sale of the entire Partnership based upon the value of
either a portion of equity interests in the Partnership that are sold
(regardless of the structure of any such sale) or a portion of the assets of the
Partnership that are sold or (c) with respect to a Change in Control that
relates to the Company and not the Partnership, the Book Value of the
Partnership after giving effect to the receipt by the Partnership of the
proceeds attributable to the Change in Control; provided, however, that number
obtained under clause (a) and (b) above shall be divided by 1,000,000 (i.e., the
assumed number of shares (or Partnership interests) deemed to be outstanding in
any given year for purposes of this Plan) and provided, further, that if, during
a fiscal year, any capital contributions are made to the Partnership by its
partners, the aforementioned assumed number of shares (or Partnership interests)
would be increased such that the Partner's Equity per share as of the beginning
of the applicable fiscal year would remain unchanged.

                                        2
<PAGE>

         "Payout Amount" has the meaning set forth in Section 4 of the Plan.

         "Performance Factor" means the performance factor that is applied to
Book Value in order to value a Performance Share in accordance with Schedule A
to this Plan. The Performance Factor is based upon the average return on rate
based equity of the Partnership for the Performance Period.

         "Performance Period" means (a) with respect to all grants of
Performance Shares other than Start Up Performance Share grants, the five (5)
year period commencing at the beginning of the fiscal year in which the
applicable Performance Share grant is made and (b) with respect to Start Up
Performance Share grants, the three (3) or four (4) year period, as determined
by the Committee, commencing at the beginning of the fiscal year in which the
Start Up Performance share grant is made.

         "Performance Share" means any performance share granted to a
Participant pursuant to this Plan, which share represents a phantom interest in
the Partnership which is payable only in cash.

         "Performance Share Dividends" means any dividends or other
distributions payable in respect of Partnership interests during the Performance
Period divided by the Adjusted Assumed Number of Shares.

         "Performance Share Grant Agreement" means the agreement described in
Section 6 hereof.

         "Partnership" means Iroquois Gas Transmission System, L.P., the owner
of all of the issued and outstanding capital stock of the Company.

         "Plan" means the Iroquois Pipeline Operating Company Performance Share
Plan as set forth herein.

         "Vested Performance Shares" means the number of Performance Shares that
have vested in accordance with Section 7 hereof as of the date that the Payout
Amount is calculated minus any vested Performance Shares that were included in
determining previous Payout Amounts.

3.       ELIGIBILITY

         The executive officers of the Company and those key employees of the
Company or any subsidiary of the Company, whose efforts may have an effect upon
the long-term growth and performance of the Partnership and who are selected to
participate in the Plan by the Committee, shall participate in this Plan (each,
a "Participant"). Except as otherwise provided in Section 7(c) and (d) hereof,
in order to receive a Payout Amount a Participant must be an employee of the
Company or any subsidiary of the Company (or, if approved by the Committee, an
employee of the Partnership or an Affiliate of the Partnership) on the date that
Performance Shares relating to such Payout Amount vest.

4.       PERFORMANCE SHARE GRANTS AND CALCULATION OF PAYOUT AMOUNT GENERALLY

         Performance Shares may be granted to Participants in accordance with
Section 6 of the Plan. Performance Shares shall vest in accordance with the
vesting schedule specified in Section 7 of the Plan and the applicable Payout
Amount shall be paid at the time specified in Section 7 of the Plan.

         The "Payout Amount" is an amount in cash equal to the product of

                                       3
<PAGE>

         (A)      the sum of

                  (i)      the product of the Book Value attributable to a
                           Performance Share at the end of the Performance
                           Period multiplied by the Performance Factor and

                  (ii)     the aggregate value of all Performance Share
                           Dividends paid during the applicable Performance
                           Period, multiplied by

         (B)      the product of

                  (i)      the aggregate number of Vested Performance Shares
                           multiplied by

                  (ii)     the Growth Rate Multiplier.

5.       ADMINISTRATION

         The Plan will be administered by the Committee, whose construction and
interpretation of the terms and provisions of the Plan shall be final and
conclusive. The Committee shall consist of two or more directors of the Board.
No member of the Committee shall be eligible to participate in the Plan. It is
intended that the Directors designated to serve on the Committee shall be
"disinterested persons" (within the meaning of Rule 16b-3 promulgated under the
Securities Exchange Act of 1934, as amended) and "outside directors" (within the
meaning of Section 162(m) of the Internal Revenue Code of 1986, as amended);
provided, however, that the mere fact that a Committee member shall fail to
qualify under either of these requirements shall not invalidate any award made
by the Committee which award is otherwise validly made under the Plan.

         The Committee may in its sole discretion grant Performance Shares to
Participants. The Committee shall have absolute authority, subject to the
express provisions of the Plan, to construe the Performance Share Grant
Agreements and the Plan, to prescribe, amend and rescind rules and regulations
relating to the Plan, to determine the terms and provisions of Performance Share
Grant Agreements, which need not be identical, and to make all other
determinations in the judgment of the Committee necessary or desirable for the
administration of the Plan. The Committee may correct any defect or supply any
omission or reconcile any inconsistency in the Plan or in any Performance Share
Grant Agreement in the manner and to the extent it shall deem expedient to carry
the Plan into effect and it shall be the sole and final judge of such
expediency. No director or person acting pursuant to authority delegated by the
Committee shall be liable for any action or determination under the Plan made in
good faith. Any director to whom Performance Shares are awarded shall be
ineligible to vote upon his or her Performance Share grant, but such Performance
Share grant may be awarded to any such director by a vote of the remainder of
the directors. Notwithstanding anything to the contrary herein, the Board of
Directors of the Company, other than directors who are participants under the
Plan or who are otherwise not "disinterested persons" or "outside directors,"
may, in its sole discretion, at any time or from time to time, administer the
Plan, in which case, the term "Committee" as used herein shall be deemed to mean
the Board of Directors.

6.       GRANT OF ANNUAL AND START UP PERFORMANCE SHARES

         (a)      Annual Performance Share Grants. The Committee may grant
Performance Shares to Participants at the beginning of each fiscal year of the
Company in such amounts as it determines. The Committee may also grant
Performance Shares to a Participant at the time that such Participant is first

                                       4
<PAGE>

employed by the Company or any of its subsidiaries or first becomes eligible to
participate in this Plan due to a promotion or otherwise regardless of the
extent to which the Performance Period has expired.

         The Committee may grant Performance Shares using the form of
Performance Share Grant Agreement attached hereto as Exhibit A. Each Performance
Share Grant Agreement shall specify:

                  (1)      The number of Performance Shares being granted to
the Participant;

                  (2)      The Performance Period applicable to the Performance
Shares;

                  (3)      The method for calculating Payout Amounts and the
timing of the payment of Payout Amounts;

                  (4)      That except as otherwise provided in Section 7(d) of
the Plan, any unvested Performance Shares held by a Participant shall be
forfeited upon the termination of such Participant's employment with the Company
or any of its subsidiaries for any reason other than death, disability or
retirement;

                  (5)      That a Participant's unvested Performance Shares
shall automatically vest if (A) after a Change in Control and prior to January
1, 2002, such Participant is terminated without Cause or (B) such Participant is
terminated without Cause within one year after a Change in Control that occurs
on or after January 1, 2002, and in either case, the applicable Payout Amount
shall be paid to the Participant as soon as practicable after such termination;
and

                  (6)      Such additional terms that are not inconsistent with
this Plan as the Committee may determine are appropriate.

         (b)      Start Up Performance Share Grants. In fiscal year 1999 the
Committee may grant to Participants, in addition to any other Performance Share
grants that it makes to such Participants in fiscal year 1999, Performance
Shares that have Performance Periods of either three years or four years as
determined by the Committee and begin to vest in the fiscal year 1999. Except
for the shorter Performance Period and accelerated vesting schedule described in
the immediately preceding sentence, the Start Up Performance Shares shall be
identical to Performance Shares and the Payout Amount relating to such Start Up
Performance Shares shall be calculated in the same manner as the Payout Amount
relating to Performance Shares. The form of Performance Share Grant Agreement
used for Performance Share grants shall also be used to grant Start Up
Performance Shares, except that any such agreement shall specify that (i) the
Performance Period for a Start Up Performance Share grant is either three or
four years, as determined by the Committee, (ii) the Start Up Performance Shares
have accelerated vesting schedules as described above and (iii) the phantom
interests being granted are Start Up Performance Shares.

7.       VESTING OF PERFORMANCE SHARES AND PAYMENT OF THE PAYOUT AMOUNT

         (a)      General. Except for Startup Performance Shares granted under
Section 6(b), Performance Shares shall vest according to the following vesting
schedule:

                  (i)      50% of the Performance Shares granted to a
                           Participant shall vest as of the last day of Year 3;

                  (ii)     an additional 25% of the Performance Shares granted
                           to a Participant shall vest as of the last day of
                           Year 4; and

                                       5
<PAGE>

                  (iii)    an additional 25% of the Performance Shares granted
                           to a Participant shall vest as of the last day of
                           Year 5.

"Year 3," Year 4" and "Year 5," respectively mean the third, fourth and fifth
consecutive fiscal years following "Year 1," which is the fiscal year in which
the applicable Performance Share grant is made and "Year 2," the fiscal year
immediately following Year 1.

         (b)      Payment of Payout Amount. The Company shall pay a Participant
the Payout Amount with respect to Performance Shares that have vested in
accordance with Section 7(a) in cash no later than thirty (30) days after the
Committee receives audited annual financial statements of the Partnership for
the fiscal year in which vesting has occurred.

         (c)      Effect of Termination of Employment. Except as otherwise set
forth in Section 7(d) below, if, before a Participant's Performance Shares or
any part thereof vest, such Participant ceases to be employed by the Company or
the Partnership or any Affiliate of the Company or the Partnership for any
reason other than death, disability or retirement such unvested Performance
Shares shall be forfeited and no Payout Amount shall be paid with respect to
such forfeited Performance Shares. In the event of a Participant's death,
disability or retirement prior to the full vesting of such Participant's
Performance Shares, the Committee may provide in its sole and absolute
discretion for the vesting (and related payment of Payout Amounts) of such
unvested Performance Shares upon an equitable basis reflecting the performance
of the Partnership during the period beginning on the date when such Participant
was granted Performance Shares and ending upon the date of disability, death or
retirement.

         (d)      Effect of a Change in Control.

                  (i)      If (A) after a Change in Control and prior to
         January 1, 2002, a Participant is terminated without Cause or (B) a
         Participant is terminated without Cause within one year after a Change
         in Control that occurs on or after January 1, 2002, then all of such
         Participant's unvested Performance Shares shall immediately vest and
         the Payout Amount (calculated as set forth in Section 7(d)(ii)) shall
         be paid to such Participant in cash as soon as practicable after such
         Participant's termination.

                  (ii)     The Payout Amount in connection with a Change of
         Control is an amount in cash equal to the product of

                           (A)     the sum of

                                   (i)      the product of the Book Value
                                            attributable to a Performance Share
                                            on the date of the employee
                                            termination multiplied by the
                                            Performance Factor determined for
                                            the period commencing at the
                                            beginning of the fiscal year in
                                            which the applicable Performance
                                            Share grant is made and ending on
                                            the date of the employee termination
                                            and

                                   (ii)     the aggregate value of all
                                            Performance Share Dividends paid
                                            during the period commencing at the
                                            beginning of the fiscal year in
                                            which the applicable Performance

                                       6
<PAGE>

                                            Share grant is made and ending on
                                            the date of the employee
                                            termination, multiplied by

                           (B)     the product of

                                   (i)      the aggregate number of Vested
                                            Performance Shares multiplied by

                                   (ii)     the Growth Rate Multiplier
                                            determined for the period commencing
                                            at the beginning of the fiscal year
                                            in which the applicable Performance
                                            Share grant is made and ending on
                                            the date of the employee
                                            termination.

8.       ADJUSTMENTS

         The Committee may make adjustments from time to time in the number of
Performance Shares granted to a Participant or the Book Value or Growth Rate
Multiplier in such reasonable manner as the Committee may determine to reflect:

         (a)      Any increase or decrease in the number of issued and
outstanding shares (or partnership interests) in the Partnership resulting from
a subdivision or consolidation of such shares (or partnership interests) or any
other capital adjustment, or other increases or decreases in such shares (or
partnership interests) effected without receipt of consideration by the
Partnership; or

         (b)      Material changes in the Partnership's accounting practices or
principles; or

         (c)      Material  acquisitions or dispositions, the effect of which
would be to distort earnings, Book Value, Growth Rate Multiplier or Performance
Share Dividends; or

         (d)      Any other material change relating to the Partnership where
the Committee determines in good faith that an adjustment is necessary or
appropriate.

9.       AMENDMENT OR TERMINATION OF PLAN

         The Board may amend, suspend or terminate this Plan at any time or from
time to time, provided, however, that no amendment, suspension or termination
may affect the terms of any then outstanding Performance Shares except with the
written consent of the holder thereof and that no amendment may be made which
shall materially modify the requirements for eligibility to participate in the
Plan.

         The Board may, from time to time, amend or modify the schedules hereto,
which are used to calculate the value of the Payout Amount. However, no change
may be made which would affect the value of any Performance Shares which have
previously been granted but which are not yet vested or paid out.

10.      NO RIGHT OF CONTINUED EMPLOYMENT

         Nothing in this Plan nor in the Performance Share Grant Agreement shall
confer any right on a Participant to continue in the employ of the Company or
any subsidiary of the Company (or the

                                       7
<PAGE>

Partnership or any Affiliate of the Partnership) or shall interfere in any way
with the right of the Company or any of its subsidiaries to terminate a
Participant's employment at any time.

11.      TERMS AND CONDITIONS

Performance Share grants shall be subject to the following additional terms and
conditions:

         (a)      Subject to the provisions of this Plan and the Performance
Share Grant Agreement, Performance Shares may not be sold, assigned,
transferred, pledged or otherwise encumbered without the prior written consent
of the Committee, which consent may be withheld in the Committee's sole
discretion.

         (b)      Except to the extent otherwise provided herein or any
applicable written employment agreement, if a Participant's employment is
involuntarily terminated (other than for cause (as determined in good faith by
the Committee)), the Committee shall have the discretion to waive in whole or in
part any or all remaining payment limitations with respect to any or all of such
participant's Performance Shares.

         (c)      This Plan shall be governed by the laws of the State of
Connecticut without giving effect to the conflict of laws principles thereof.

12.      BINDING EFFECT

         The provisions of this Plan shall be binding upon the legal
representatives, successors and assigns of the Company.

13.      GUARANTY.

         By executing this Plan in the space provided below, the Partnership
hereby guaranties the performance by the Company of all of the Company's
obligations set forth herein and in any Performance Share Grant Agreement
entered into by the Company in accordance with this Plan.

                              THE IROQUOIS PIPELINE OPERATING COMPANY

                              By:
                                 -----------------------------------------------
                                 Its President and Chief Executive Officer

                              By:
                                 -----------------------------------------------
                                 Its Vice President and Chief Financial Officer

                              GUARANTEED BY:

                              IROQUOIS GAS TRANSMISSION SYSTEM, L.P.

                              By:
                                 -----------------------------------------------
                                 Name:
                                 Title:

                                       8
<PAGE>

                                                                      SCHEDULE A

                               PERFORMANCE FACTORS

         Average Return on Rate Base Equity over the Performance Period

<TABLE>
<CAPTION>
                       Below      12.4 to      13.0 to     13.4 to      14.5 to      15.5 to      16.5 to      17 to      Above
                       12.4%       12.9%        13.4%       14.4%        15.4%        16.4%        16.9%       17.5%      17.5%
------------------------------------------------------------------------------------------------------------------------------------
<S>                    <C>        <C>          <C>         <C>          <C>          <C>          <C>          <C>        <C>
    Performance
Factor to value a        0         1.0X         1.3X        1.6X          2.0X         2.3X        2.7X         3.0X       3.0X
Performance Share
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

o    Average return on rate base equity is calculated by dividing the sum of
     the after tax profits of the Partnership for each year in the Performance
     Period by the sum of the average rate base equity amounts for the years
     in the Performance Period.

o    Performance Factors are not interpolated and rates are rounded up or down
     to the nearest tenth of a percentage point.

<PAGE>

                                                                    SCHEDULE B

  GROWTH RATE MULTIPLIER TO DETERMINE THE NUMBER OF PERFORMANCE SHARES EARNED

                 ------------------------------------
                                         Multiplier

   Annualized    ------------------------------------
                           0%               0.8X
     Growth             to 2.5%
                 ------------------------------------
      Rate                2.6%              0.9X
                        to 3.5%
     in bCF      ------------------------------------
                           3.6%             1.0X
    over the            to 5.0%
                 ------------------------------------
   Performance            5.1%              1.1X
                        to 6.0%
    Period       ------------------------------------
                           6%               1.2X
                       and above
                 ------------------------------------

o    bCF is measured as the average of the volumes entering and leaving the
     Company's system.

o    Growth Rate Multipliers are not interpolated and growth rates are rounded
     up or down to the nearest tenth of a percentage point.

<PAGE>

                                                                    SCHEDULE C

           EXAMPLE OF PERFORMANCE SHARE UNIT VALUATION CALCULATIONS

         At Performance Share Payment Date (5 Years from Grant):

         Performance Shares Granted: 100

         Annualized Growth Rate in bCF over the Performance Period: 3.4%

         Average Return on Rate Base Equity over the Performance Period: 15.5%

         Book Value per Performance Share: $185

<TABLE>
<S>                                                                        <C>
         Payment Calculation:

         Value of a Performance Share:
         -----------------------------
         185                    x               2.3                        =  $425
         (Book Value)       (Performance Factor from Schedule A)

         Performance Share Dividends:                                      =  $160
         ---------------------------

         Total Value of a Performance Share:                               =  $585
         -----------------------------------

         Number of Performance Shares Earned in the Performance Period:
         --------------------------------------------------------------
         100                    x                .9                        =  90 Performance Shares
         (Targeted Number of Shares)    (Multiplier from Schedule B)                Earned

         Total Payout Amount at the End of the Performance Period:
         ---------------------------------------------------------
         $585                   x                90                        =  $52,650

</TABLE>CONSULTING AGREEMENT

         This Consulting Agreement is entered into on this 1st of March 2000, by
and  between  J Paul  Consulting  Corp.  (hereinafter  "Consultant"),  with  its
principal  place of  business at 6041 S.  Syracuse  Way,  Suite 307,  Englewood,
Colorado 80111 and PROform golf, inc.(hereinafter "Company"), with its principal
place of business at 5335 W. 48th Avenue, Suite 200, Denver, Colorado 80202.

                                    RECITALS

1.  The Company desires to use the services of the Consultant  for  introduction
and  recommendation of the Company's  business plan to members of the investment
community.

2.  Consultant  desires to provide such services  upon the terms and  conditions
hereof.

Now,  therefore,  in  consideration of these promises of the mutual covenant and
agreements contained herein, the parties agree as follows:

                                    AGREEMENT

1.  ENGAGEMENT  OF  CONSULTANT.   The  Company  hereby  engages  Consultant  and
Consultant hereby agrees to render services to the Company as a consultant.

2. SERVICES. During the term of this Agreement,  Consultant shall provide advice
to and consult with the Company  concerning  the  Introduction  of its Company's
business plan to the investment banking  community.  Consultant will provide the
Company on a best effort basis the following services:

         a.       Introduce  the Company's  business plan to various  investment
                  banking firms and individual retail brokers.

         b.       Solicit and develop  additional  retail  market makers for the
                  Company's  Common  Stock and the  networking  of their  retail
                  brokers   with  the  goal  of   developing  a  broad  base  of
                  shareholders.

         c.       Integrate and  distribute  corporate  information  to selected
                  brokerage investment banking.

                                       1
<PAGE>
         d.       Co-ordinate  broker-company due diligence meetings to open and
                  expand Company recognition in the public market place.

3.       PERIOD OF PERFORMANCE.  The period of performance  under this Agreement
         shall be for a primary  term of six (6)  months  from the date  hereof.
         Either Party,  upon receipt of a thirty- (30) day written  notice,  may
         terminate this Agreement at the end of the three- (3) month's period.

4.  COMPENSATION.  As full  consideration for the best effort performance of the
basic services described above, the Company shall pay Consultant compensation as
follows:

         a.       Cash: (i) $30,000 cash plus reasonable expenses.  Said $30,000
                  shall be paid  monthly  in  advance  at the rate of $5,000 per
                  month. Initial payment for the first month shall be due at the
                  time this Agreement is signed.  Following the initial payment,
                  ensuing   payments   are   payable   monthly   in  advance  to
                  Consultant's  principal place of business and are due upon the
                  15th of each month.

         b.       Expenses:  Expenses are expected to be approximately  $500 per
                  month for phones and postage.  Expenses  include,  but are not
                  limited to, the following: travel and lodging; telephone, fax,
                  and other  communications;  fare of public carrier;  photocopy
                  and printing; postage and special mailings.  Consultant agrees
                  to obtain  prior client  approval for any single  expense over
                  $500.  Consultant  shall  submit  a  monthly  invoice  to  the
                  Company,   which  covers  the  monthly  fee  and  reimbursable
                  expenses.  The  Company  also  agrees  to  indemnify  and  pay
                  Consultant  for all  expenses  committed  to on  behalf of the
                  Company prior to termination of this Agreement for any reason.
                  Expense due and payable  upon receipt with a maximum of $5,000
                  in any particular month.

         c.       Warrants:  Two  separate  Warrants to purchase  the  Company's
                  common  stock shall be sold to the  Consultant  for $600 for A
                  Warrants  and  $600  for B  Warrants.  Consultant  shall  have
                  discretion to reassign to 3rd parties all warrants.

                                       2
<PAGE>

              (i) Warrant A - 600,000 Warrants,  ("Warrants),  each such Warrant
              is  immediately  exercisable  and entitles the  consultant  or the
              holder  thereof  to  purchase  common  stock  of  the  Company  as
              described  below at an exercise  price of $2.00 per share (subject
              to adjustment as provided  herein) (the  "Exercise  Price").  Each
              Warrant may be  exercised  from the date of this  Agreement  until
              11:59  p.m.  (Denver  time) on the date that is 5 years  after the
              date of this Agreement (the "Expiration Date").

              (ii) Warrant B - 600,000 Warrants ("Warrants"),  each such Warrant
              is  immediately  exercisable  and entitles the  Consultant  or the
              holder  thereof to purchase  common  stock of Company as described
              below  at an  exercise  price  of  $3.00  per  share  (subject  to
              adjustment  as  provided  herein)  (the  "Exercise  Price").  Each
              Warrant may be  exercised  from the date of this  Agreement  until
              11:59  p.m.  (Denver  time) on the date that is 5 years  after the
              date of this Agreement (the "Expiration Date").

              (iii) Securities Subject to Warrant:  Subject to the provisions of
              this Agreement, the holder of each Warrant shall have the right to
              purchase from the Company, and the Company shall issue and sell to
              each such holder, one fully paid and nonassessable share of common
              stock of the Company's (the "Common Stock"). At present the shares
              underlying  the warrant are not free trading,  but will have piggy
              back registration rights as described below. Shares underlying the
              Warrants will be free trading and will be registered.

              (iv)  Piggyback  Registration  Rights:  If the Company at any time
              after the date of this  Agreement  proposes to register any of its
              securities  under  the Act,  it will  give  written  notice to all
              holders of  outstanding  warrants of its  intention to do so. Upon
              the  written  request of a receipt of any such  notice the Company
              will use its best efforts to cause all such shares of Common Stock
              to be registered under the Act.

5.  ADJUSTMENTS  TO WARRANTS  The  Exercise  Price of each Warrant is subject to
adjustment from time to time as follows:

         (a) If the Company is a party to a consolidation, merger or transfer of
         assets which  reclassifies or changes its outstanding Common Stock, the
         successor   corporation  (or  corporation   controlling  the  successor
         corporation  or the Company,  as the case may be) shall by operation of
         law assume the Client's obligations under this Agreement.

         (b)      Upon  consummation  of such  transaction  the  Warrants  shall
                  automatically  become  exercisable  for the kind and amount of
                  securities, case or other assets which the holder of a Warrant
                  would have owned immediately after the  consolidation,  merger
                  or   transfer  if  the  holder  had   exercised   the  Warrant
                  immediately before the effective date of such transaction.

6.  CONVERSION.  In lieu of exercising  the Warrant on a cash basis,  Holder may
from time to time convert this  Warrant,  in whole or in part,  into a number of
shares determined by dividing (a) the aggregate Fair Market Value (determined on
the date of exercise) of the shares of the Company's  Common Stock issuable upon
exercise of this Warrant minus the aggregate Warrant Price of such shares by (b)
the Fair Market Value (determined on the date of the exercise) of one share. For
purposes  of this  Section  6, "Fair  Market  Value  (determined  on the date of
exercise) of one share.  For  purposes of this  Section 6, "Fair  Market  Value"
shall be the value determined in accordance with the following provisions:

         (a) If the  Common  Stock  is not at the time  listed  or  admitted  to
         trading  on any stock  exchange  but is traded on the  Nasdaq  National
         Market System, the Fair Market Value shall be the closing selling price
         per share of Common  Stock on the date in  question,  as such  price is
         reported by the National  Association of Securities Dealers through the
         Nasdaq National Market System or any successor  system.  If there is no
         closing  selling  price for the Common  Stock on the date in  question,
         then the Fair Market  Value shall be the closing  selling  price on the
         last preceding date for which such quotation exists.

         (b) If the Common Stock is at the time listed or admitted to trading on
         any stock exchange,  the Fair Market Value shall be the closing selling
         price per share of Common  Stock on the date in  question  on the stock
         exchange  determined by the Board of Directors of the Company to be the
         primary market for the Common Stock, as such price is officially quoted
         in the composite tape of transactions on such exchange.  If there is no
         closing  selling  price for the Common  Stock on the date in  question,
         then the Fair Market  Value shall be the closing  selling  price on the
         last preceding date for which such quotation exists.

         (c) If the Common stock is at the time  neither  listed nor admitted to
         trading on any stock exchange nor traded on the Nasdaq  National Market
         System, then such Fair Market Value shall be determined by the Board of
         Directors of the Company  after taking into account such factors as the
         Board of Directors of the Company shall deem appropriate.

7. CLIENT INFORMATION. Since Consultant must at all times rely upon the accuracy
and  completeness  of  information  supplied  to it  by  the  Company  officers,
directors,  agents,  and  employees,  the  Company  agrees  to  indemnify,  hold
harmless,  and defend,  Consultant,  its officers,  agents, and employees at the
Company's  expense,  in any proceeding or suit which may arise out of and/or due
to any inaccuracy or  incompleteness of such material supplied by the Company to
Consultant.

8.  DISCLOSURE  AND  CONFIDENTIALITY.  The Company  shall make  available to the
Consultant data and other information  reasonably necessary to enable Consultant
to perform its duties under the Agreement.  The Consultant  will not disclose to
any  other  person,  nor use for its own  benefit,  any trade  secrets  or other
information  designated as  confidential by the Company which is acquired by the
Consultant in the course of  performing  services  hereunder.  A trade secret is
information not generally known to the trade that gives the Company an advantage
over its  competitors.  Trade secrets can include,  by way of example,  products
under  development,   production  methods  and  processes,  sources  of  supply,
marketing  plans and  information  concerning  the filing or  pendency of patent
applications.

                                       4
<PAGE>

9.  DISCLAIMER OF  RESPONSIBILITY  FOR ACTS OF COMPANY.  The  obligations of the
Consultant  described in this  Agreement  consist  solely of the  furnishing  of
consulting  services to the Company as an  independent  contractor.  In no event
shall the  Consultant  be required by this  Agreement to act as the agent of the
Company or its  affiliates,  whether or not made  pursuant  to or in reliance on
information or advice furnished by the Consultant  hereunder,  shall be those of
the Company or such affiliates and the Consultant  shall under no  circumstances
be  liable  for any  expense  incurred  or loss  suffered  by the  Company  as a
consequence of such decisions.

10.  INDEMNITY.  The Company  agrees to indemnify and hold the  Consultant,  its
affiliates, officers, employees and agents harmless from and against all losses,
claims,  damages,   liabilities,   costs  or  expenses,   (including  reasonable
attorneys'  fees and the cost of any of Consultant's  personnel  involved in any
such matter) arising out of the  Consultant's  entering into or performing under
this  Agreement,  including  costs  arising  out  of  any  dispute  whether  the
Consultant is a party to such dispute.  This indemnity shall not apply, however,
where a court of competent  jurisdiction has made a final determination that the
Consultant  engaged  in gross  recklessness  and/or  willful  misconduct  in the
performance  of  consulting  services  hereunder  which  gave  rise  to  loss or
liability  sought  to  be  recovered  hereunder  (but  pending  any  such  final
determination,   the  indemnification  and  reimbursement   provisions  of  this
Agreement shall apply and the Company shall perform its obligations hereunder to
reimburse Consultant for its expenses).

         The  Consultant   agrees  to  indemnify  and  hold  the  Company,   its
affiliates, officers, employees and agents harmless from and against all losses,
claims, damages, liabilities, costs or expenses (including reasonable attorneys'
fees and the cost of any of the  Company's  personnel  involved in such  matter)
arising out of the Company's  entering into or performing  under this Agreement,
including  costs  arising out of any  dispute  whether the Company is a party to
such  dispute.  This  indemnity  shall  not  apply,  however,  where a court  of
competent  jurisdiction has made a final  determination that the Company engaged
in gross  recklessness  and/or  willful  misconduct  in the  performance  of its
obligations  hereunder which any such final  determination,  the indemnification
reimbursement  provisions of this Agreement shall apply and the consultant shall
perform its obligations hereunder to reimburse Company for its expenses).

11. ASSIGNABILITY.  The Consultant understands that the Company has entered into
this Agreement based upon an expectation of the personal  services of Jeff Ploen
and his  assignees and agrees that Mr. Ploen may assign his Warrants in whole or
in part to others.

12.  MODIFICATION.  Any modification of this Agreement or additional  obligation
assumed by any party in connection  with this Agreement shall be binding only if
signed by the party (or an authorized  representative of the party) sought to be
bound by such Agreement.

13. WAIVER.  No waiver of any provision of this Agreement  shall be valid unless
such  waiver is in  writing  and  signed by the  person  or party  against  whom
charged.

14. ENFORCEMENT.  This Agreement shall be subject to and governed by the laws of
the  State of  Colorado  and any  disputes  regarding  this  Agreement  shall be
resolved in the courts located in the State of Colorado.

                                       5
<PAGE>

15.  SEVERABILITY.  The invalidity or  unenforceability of any provision of this
Agreement shall not affect the other provision hereof,  and this Agreement shall
be construed as if such invalid or unenforceable provision were omitted.

16. ENTIRE  AGREEMENT.  This Agreement  shall  constitute  the entire  Agreement
between the parties and any prior  understanding or  representation  of any kind
preceding  the date of this  Agreement  shall not be binding  upon either  party
except to the extent it is  incorporated  in this  Agreement  by mutual  written
consent of the parties.

         IN WITNESS  WHEREOF,  each party to the  Agreement  has caused it to be
executed in Denver, Colorado on the date(s) indicated below.

PROform golf, inc.                      J PAUL CONSULTING CORP.

WILLIAM D. LEARY                        JEFF T. HOEN
---------------------------------       ----------------------------------------
Name                                    Name

PRESIDENT                               PRESIDENT
---------------------------------       ----------------------------------------
Title                                   Title

/S/ WILLIAM D. LEARY                    /S/ JEFF T. HOEN
---------------------------------       ----------------------------------------
Signature                               Signature

3/1/00                                  3/1/00
---------------------------------       ----------------------------------------
Date                                    Date

/S/ PATRICIA WEST WILLOX                /S/ PATRICIA WEST WILLOX
---------------------------------       ----------------------------------------
Witness                                 Witness

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00012-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00012-of-00352.parquet"}]]