Document:

Exhibit 10.4

                     [LOGO] AmeriFirst FUNDING GROUP, INC.

INSURED: ___________________
POLICY NUMBER: _____________
ADDRESS:
____________________
____________________
____________________
INSURANCE COMPANY: ____________________
FACE VALUE: ________________
PHONE NUMBER: ______________
SOCIAL SECURITY NUMBER: ____ ___ _____

Dear

We would like to take this opportunity to thank you for choosing AmeriFirst
Funding Group, Inc. To ensure rapid processing of your application, please sign
and return the enclosed agreements in the self-addressed Federal Express package
we have provided.

THIS PACKET, COMBINED WITH THE APPLICATION YOU FILLED OUT WITH YOUR POLICY
BROKER, CONSTITUTE THE ENTIRE CONTRACT BETWEEN AMERIFIRST FUNDING GROUP, INC.
AND YOU, THE VIATOR.

Enclosed you will find the following forms:

I.    DISCLOSURE STATEMENT - Initial, sign and notarize.

II.   VIATICAL SETTLEMENT CONTRACT AND ESCROW AGREEMENT - Sign

III.  NOTICE OF INTENT TO CHANGE OWNERSHIP AND BENEFICIARY - Sign and notarize

IV.   POLICY NOTICE - Sign and notarize.

V.    RELEASE AND CONSENT TO CHANGE OF BENEFICIARY FORM - Sign notarize and
      witness signature.

VI.   MEDICAL RELEASE - Sign and notarize.

VII.  POWER OF ATTORNEY - Sign and notarize
<PAGE>

VIII. ACKNOWLEDGEMENT AND CONSENT FORM - Sign and notarize

IX.   CHANGE OF OWNERSHIP OR ABSOLUTE ASSIGNMENT - Sign.

X.    DISTRIBUTION DIRECTIONS (2) - Please fill out ONE page that describes how
      you would like to receive your settlement. CHECK or WIRE TRANSFER.

XI.   PERSONAL REFERENCES - Please fill this out completely.

XII.  NOTICE - Please read and keep for your records.

The funds, which will be used to purchase your policy are currently held by
AmeriFirst Fund I, LLC herein known as ("The Fund") a Florida based company
authorized to transact business in Georgia. Upon return receipt of these forms
two transactions will take place:

      1.    Your money will be transferred from The Fund to an escrow account
            held by AmeriFirst Funding Group and held until closing.

      2.    Your forms will be sent to the insurance company. Upon written
            notification from the insurance company that your life insurance
            policy has been assigned to Funding Group the policy will close.

      3.    At closing Funding Group will transfer ownership to The Fund and
            assign The Fund as the beneficiary.

If you have any questions, please feel free to call us.

Sincerely,
<PAGE>

                                   DISCLOSURE

You, ______________(hereinafter referred to as "viator") are about to enter into
a Viatical Settlement contract, which involves an irrevocable transfer and
Assignment of Ownership and beneficial interests in your life insurance policy
to The Fund or its nominees. This agreement is for an amount less than the face
value of the policy. Before agreeing to the contract, you should be informed of
the following:

I. Persons with catastrophic or life threatening illnesses or conditions may
have alternatives to viatical settlements, including accelerated benefits
offered by the issuer of the policy, loans secured by the policy and the
surrender of the policy for cash value.

II. A viator may incur tax consequences from entering into a viatical
settlement. Persons interested in entering into a viatical settlement should
consult their tax advisor.

III. A viator has the unconditional and absolute right to cancel and rescind the
viatical settlement contract at any time prior to the full payment of the
proceeds. Additionally, a viator may cancel and rescind this contract not later
than the 15th day after full payment of proceeds to the viator provided the full
amount of the proceeds and any premiums paid by AmeriFirst Funding Group, Inc.
on said policy are returned by the viator to AmeriFirst Funding Group, Inc.

IV. A viatical settlement may affect a viator's ability to receive supplemental
social security income, public assistance and public medical services. Persons
interested in entering into viatical settlements should consult an attorney,
financial advisor or social services agency regarding these potential
consequences.

V. The proceeds of a viatical settlement payable to the viator may not be exempt
from the viator's creditors, personal representatives, trustees in bankruptcy
and receivers in state and federal court. Persons interested in entering into a
viatical settlement should consult an attorney of financial advisor regarding
these potential consequences.

VI. A viator has the right to know, upon request, the identity of any person who
will receive a commission or other form of compensation from the viatical
settlement company with respect to the viatical settlement and the amount and
terms of such compensation.

VII. The proceeds to the viator shall be made in a lump sum. No portion of the
proceeds by the viatical settlement provider or escrow agent will be held back.

VIII. A viator may designate any adult individual in regular contact with the
viator as the contact for all inquiries about the viator's health status, and,
if such designation is made, a viatical settlement company cannot make such an
inquiry to the viator, unless the company is unable, after diligent effort, to
contact the designee for more than thirty days. The viator may change this
designation at any time, upon written notice to the viatical
<PAGE>

settlement company.

IX. The viator should be aware that all medical, financial or personal
information solicited or obtained by a viatical settlement company about a
viator, including the viator's identity or the identity of family members, a
spouse or a significant other, is confidential and shall not be disclosed in any
form to any person, unless disclosure is necessary to effect the viatical
settlement between the viator and the viatical settlement company and the viator
provides prior and knowing written consent to the disclosure. All persons to
whom confidential information is disclosed pursuant to the viator's consent
shall maintain the confidentiality of such information, and not disclose it to
any other person in any form, without prior and knowing written consent of the
viator.

X. By entering into a viatical settlement contract all of the right, title,
interest and benefit in and to the viator's life insurance policy, including all
supplementary contracts and riders attached thereto, will become the property of
The Fund. This includes disposition of proceeds, cash values, dividends, double
or additional indemnity, accidental death or other riders insuring the lives of
spouses, family members or anyone else other than the viator. The premium
payments on the viator's life insurance policy will no longer be the
responsibility of the viator. If this is not acceptable to the viator, it is the
viator's responsibility to provide a statement, in writing, with the return of
this document package stating that the rights to these riders shall be reserved
by the viator. Arrangements will be made with the insurance company to preserve
the viator's interest in said riders. If the arrangements are not satisfactory
to both the viator and the viatical settlement company, the ownership of the
policy shall not be transferred to The Fund and the viatical settlement contract
will be rendered null and void.

XI. The proceeds of the viatical settlement are in escrow where they shall
remain until they are disbursed to the viator. Proceeds will be disbursed to the
viator upon acknowledgement of the transfer of the policy by the issuer of the
policy. Proceeds will be available within 3 business days of our receipt of the
assignment from your life insurance carrier. The source of the funds originates
from The Fund and are held in the escrow account of AmeriFirst Funding Group,
Inc.

XII. AmeriFirst Funding may transfer the policy that is the subject of the
viatical settlement to a person unknown to the viator, without the viator's
consent. Because AmeriFirst Funding Group, Inc. intends to transfer the policy
that is the subject of the viatical settlement contract, a form disclosing the
intent to sell or otherwise transfer the policy, and the identity of the person
or persons to whom AmeriFirst Funding Group, Inc. proposes to sell or otherwise
transfer the policy as provided herein.

XIII. If you are selling a group insurance contract and if for any reason the
Assignment reverts back to you, the Viator, you are bound by this Viatical
Settlement contract to re-Assign this group insurance contract to The Fund.

XIV. The amount available at death without this Viatical Settlement is
$_____________
<PAGE>

XV. The amount being received under this Viatical Settlement contract is
$_____________

XVI. The difference between this and the total death benefit is $______________

XVII. The name and address of the Escrow Agent is:

XVIII. The name and address of the entity to whom your life insurance policy is
being assigned is:

                           AmeriFirst Fund I, LLC
                           814 A1A North Ste 300
                           Ponte Vedra Beach, FL 32082

I acknowledge that I have read and accept receipt of this disclosure statement,
this ________ day of _________________, 2002.

_________________________________ (Insured)

Signed, sealed and delivered in the presence of:

State of __________________

County of _________________

_________________________________
NOTARY PUBLIC                                              (seal)

My commission expires:________________________
<PAGE>

                VIATICAL SETTLEMENT CONTRACT AND ESCROW AGREEMENT
                                     BETWEEN
                         AMERIFIRST FUNDING GROUP, INC.
                                       AND
                         ______________________________

This ESCROW AGREEMENT is made and entered into this _____ day of ________ in the
year 2002 by and between AmeriFirst Funding Group, Inc. ("funding Group"),
AmeriFirst Fund I, LLC, ("The Fund") and _____________.

                                   WITNESSETH

WHEREAS, AmeriFirst Funding Group, Inc., desires to purchase from
_______________________a certain life insurance policy on the life of
________________ issued by _______________________________________ (Insurance
Co.) the same policy number (the "Policy") for the sum of $____________________
(the "Purchase Price"); and

WHEREAS, the parties desire for Funding Group to hold the funds representing the
Purchase Price in escrow, on the terms and conditions hereinafter set forth;

NOW, THEREFORE in consideration of the mutual covenants and agreements
hereinafter contained, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties do hereby
agree as follows:

1. Simultaneously with the execution of this agreement, Client shall deliver to
AmeriFirst Funding Group, Inc., its nominees and/or assigns an assignment of the
policy in favor of The Fund. Escrow Agent shall hold the policy and funds
representing the Purchase Price in accordance with the terms of this Agreement.

2. Upon receipt of the assignment of the policy in favor of The Fund, AmeriFirst
Funding Group, Inc. shall forward such assignment to the insurance carrier who
issued the policy, and shall request from such insurance carrier an acceptance
of the assignment of the policy. Upon receipt of such acceptance of assignment,
Funding Group shall authorize the Escrow Agent to deliver the funds,
representing the Purchase Price, to Client within three (3) business days.
Failure to transfer the funds within three (3) business days renders the
viatical settlement contract and the transfer, assignment, bequest, or sale
voidable.

3. The Client has the unconditional and absolute right to cancel and rescind the
viatical settlement contract at any time prior to the full payment of the
proceeds. Additionally, the Client may cancel and rescind this contract not
later than the 15th day after full payment of proceeds to the Client provided
the full amount of the proceeds and any premiums paid by AmeriFirst Funding
Group, Inc. on said policy are returned by the Client.
<PAGE>

4. In the event The Fund does not receive an acceptance of Assignment from the
insurance carrier within thirty (30) days after the date of this Agreement,
AmeriFirst Funding Group, Inc. shall give written notice of such fact to Client.
Thereafter, AmeriFirst Funding Group, Inc. and Client shall contact the
insurance carrier and attempt to make arrangements to obtain an acceptance of
the assignment of the policy from the insurance carrier. In the event such
acceptance cannot be obtained within an additional period of time (ten days),
AmeriFirst Funding Group, Inc. and Client shall redeliver the Assignment of the
Policy in favor of the Client.

5. I, the undersigned, understand and acknowledge that Funding Group has the
unconditional and absolute right to cancel and rescind the Life Insurance Policy
Purchase Contract at any time prior to the full payment of the proceeds.
Additionally, to the Client if for any reason Funding Group has reason to
believe that the policy was purchased, issued or sold under fraudulent
circumstances or if the insurance company advises Funding Group that the policy
has been rescinded or cancelled the Life Insurance Policy Purchase Contact
becomes null and void. Upon notification that the policy is being rescinded or
cancelled by the insurance company, or the Life Insurance Policy Purchase
Contact becomes null and void the Client must provide the full amount of any
proceeds and premiums paid by Funding Group to Funding Group within thirty (30)
days.

5. In performing its duties hereunder, Escrow Agent shall not incur any
liability to AmeriFirst Funding Group, Inc. or to Client for any damages, losses
or expenses which either party may sustain or incur, unless the same is a direct
result of the negligence or intentional misconduct of Escrow Agent. Escrow Agent
shall be protected in any action taken or omitted in good faith upon the advice
of its legal counsel given with respect to the duties and responsibilities of
Escrow Agent hereunder. Escrow Agent shall be entitled to rely on any document
or instrument, including any written notice or instruction provided for in this
Agreement, which Escrow Agent in good faith believes to be genuine or to have
been signed or presented by a proper person or persons in accordance with this
Agreement. AmeriFirst Funding Group, Inc. and Client hereby agree to indemnify
and hold harmless Escrow Agent from and against all losses, claims, damages,
liabilities and expenses which it may sustain or incur hereunder, including,
without limitation reasonable attorneys fees, which may be imposed upon Escrow
Agent or incurred by Escrow Agent in connection with the performance of its
duties hereunder.

6. Any notice required or permitted to be given hereunder shall be in writing
and shall be deemed to have been duly given if sent by certified mail, return
receipt requested, postage prepaid, addressed as follows:

     If to Client:

     If to AmeriFirst Funding Group, Inc.:   AmeriFirst Funding Group, Inc.
                                             1712 H Osborne Rd
                                             St. Marys, GA 31558
<PAGE>

     If to Escrow Agent:                     SouthTrust Bank
                                             Corporate Trust Department
                                             110 Office Park Drive, 2nd Floor
                                             Birmingham, Alabama 35223
                                             Attn: Rebecca Brayman
                                             205-254-5334 - Direct
                                             205-254-4180 - Facsimile

Any notice mailed as provided herein shall be deemed received by the party to
whom it is addressed on the date of receipt, or on the first date of attempted
delivery in the case of any notice which is undeliverable by the U.S. Post
Office. The foregoing shall not preclude any other method of giving notice.

7. This Agreement represents the entire agreement between the parties with
respect to the subject matter hereof, and may not be modified or amended except
by a written instrument signed by all of the parties hereunto. This Agreement
shall be binding upon and shall inure to the benefit of the parties hereunto and
their respective heirs, successors and assigns. This Agreement has been made and
entered into in the State of Georgia and shall be construed and enforced in
accordance with Georgia Law. Venue for any litigation from this agreement or its
enforcement shall be in Camden county Georgia. This Agreement may be executed in
any number of counterparts, each of which shall constitute an original.

In witness whereof, the parties have executed and delivered this Agreement on
the day and in the year above written:

CLIENT:                                 By:  ___________________________________
                                             Insured

AMERIFIRST FUNDING  GROUP, INC.         By:  ___________________________________

ESCROW AGENT:                           By:  ___________________________________
<PAGE>

                                           October 29, 2002

AmeriFirst Fund I, LLC
814 A1-A Highway, Suite 300
Ponte Vedra Beach, FL 32082

AmeriFirst Financial Services, Inc.
814 Highway AI-A, Suite 300
Ponte Vedra Beach, FL 32082

      Re:   AmeriFirst Fund I, LLC
            LEGALITY OF THE SECURITIES BEING REGISTERED (File No. 333-98651)

Ladies and Gentlemen:

      In connection with the registration of up to $100,000,000 aggregate
principal amount of units ("Units") representing limited liability company
interests in AmeriFirst Fund I, LLC, a Florida limited liability company (the
"Fund"), filed under the Securities Act of 1933, as amended, you have requested
our opinion as to whether the Units, when issued will be lawfully and validly
issued, fully paid and non-assessable.

      For purposes of offering this opinion, we have examined originals or
copies of the documents listed below. In conducting such examination, we have
assumed the genuineness of all signatures and the authenticity of all documents
submitted to us as originals and conformity to original documents of all
documents submitted to us as copies. The documents we have examined are:

      1. The Form S-1 Registration Statement first filed by the Fund with the
Securities and Exchange Commission on August 23, 2002, as amended, (the
"Registration Statement");

      2. The Articles of Organization of the Fund dated September 20, 2002; and

      3. The Operating Agreement of the Fund dated September 25, 2002.
<PAGE>
AmeriFirst Fund I, LLC
AmeriFirst Financial Services, Inc.
October 29, 2002
Page 2

      In addition, in rendering this opinion, we have relied upon your
representation that the Units will be offered to the public in the manner and on
the terms identified or referred to in the Registration Statement.

      Based upon and subject to the forgoing and the effect, if any, of the
matters discussed below, after having given due regard to such issues of law as
we deemed relevant, and assuming that (i) the Registration Statement becomes and
remains effective, and the prospectus which is part thereof, and the prospectus
delivery requirements with respect thereto, fulfill all of the requirements of
the Securities Act of 1933, as amended, throughout all periods relevant to this
opinion, (ii) all offers and sales of the Units are made in a manner complying
with the terms of the Registration Statement, and (iii) all offers and sales of
the Units are in compliance with the securities laws of the states having
jurisdiction thereof, we are of the opinion that the Units, when issued, will be
lawfully and validly issued, fully paid and non-assessable.

      This opinion is furnished to you in connection with the registration of
the Units in the Fund, is for your benefit, and may not be relied on by, nor
copies delivered to, any other person or entity without our prior written
consent. Notwithstanding the preceding sentence we hereby consent to the
reference to this firm in the prospectus included in this Registration Statement
under the caption LEGAL MATTERS and to the filing of this opinion as an exhibit
to the Registration Statement.

                                        Sincerely yours,

                                        SNOW BECKER KRAUSS P.C.Exhibit 10.5

                               SUBLEASE AGREEMENT

      THIS SUBLEASE AGREEMENT ("Agreement"), effective the 4th day of September,
2002, by and between Life Settlements Service Corp., a Florida Foreign
corporation ("Life Settlements"), and Amerifirst Capital Corp., a Delaware
corporation ("SUBLESSEE").

                                   WITNESSETH:

      WHEREAS, Veranda I Partners, Ltd., a Florida limited partnership ("Veranda
I"), as Lessor and Life Settlements, as Prime Sublessee have entered into that
certain SubLease Agreement dated June 1, 2002 ("Prime SubLease"), a complete and
correct copy of which is attached hereto as Exhibit "A", for the premises
described therein and located at 814 North Highway Al-A, Suite 307, Ponte Vedra
Beach, Florida 32082 ("Premises"); and

      WHEREAS, Life Settlements desires to subLease space designated as Suite
307, which consists of approximately 7,349 s.f. to SUBLESSEE ("Subleased
Premises") and

      WHEREAS, in order to obtain Veranda I's consent to this subletting to
SUBLESSEE of the SubLeased Premises, Veranda I has required that this Agreement
be entered into to set forth the relative obligations of SUBLESSEE and Life
Settlements and to ensure that SUBLESSEE's rights under this SubLease are
subordinate and inferior to the rights of Life Settlements under the Prime
SubLease.

      NOW, THEREFORE, in consideration of the foregoing and in consideration for
obtaining Veranda I's consent to this SubLease between Life Settlements and
SUBLESSEE, and for other good and valuable considerations, the receipt and legal
sufficiency of which are hereby acknowledged, Life Settlements and SUBLESSEE do
hereby agree as follows:

      1.    This SubLease is expressly made subject to and inferior to the Prime
            SubLease, and SUBLESSEE's rights shall under no circumstances be
            greater than those rights granted to Life Settlements as tenant
            under the Prime SubLease. Notwithstanding the foregoing, SUBLESSEE
            shall comply with all of the terms of the Prime SubLease that are to
            be observed or performed by Life Settlements as tenant under the
            Prime SubLease, as such terms apply to the SubLeased Premises. In no
            event shall SUBLESSEE have the right to exercise any renewal options
            under the Prime SubLease or to terminate the Prime SubLease.

      2.    The term of this SubLease shall be for a period of 18 months,
            commencing on September 4, 2002 and terminating on February 28,
            2004. Should this SubLease terminate or expire prior to the
            expiration of the Prime SubLease, Life Settlements shall continue to
            perform all of its obligations under the Prime SubLease with respect
            to the Premises including, without limitation, the SubLeased
            Premises.

      3.    SUBLESSEE shall pay directly to Veranda I on or before the due date
            the lease amount stated in Exhibit "B" attached hereto. All other
            sums due under the Prime

<PAGE>

            SubLease for late payments or returned checks and any additional
            charges incurred for the SubLeased Premises resulting from
            SUBLESSEE's failure to make timely lease payments shall be paid for
            by SUBLESSEE directly to Veranda I.

      4.    SUBLESSEE shall not, by any act or omission, cause Life Settlements
            to be in violation of or in default under the Prime SubLease. Should
            SUBLESSEE cause Life Settlements to be in default under the Prime
            SubLease and such default is not cured by SUBLESSEE within the cure
            period. if any, stated in the Prime SubLease, Life Settlements must
            cure said default with Veranda I on behalf of SUBLESSEE. Life
            Settlements may then, at their option, exercise all remedies against
            any said default caused by SUBLESSEE available to them at law or in
            equity including, without limitation, the institution of legal
            proceedings as provided in Paragraph 20 of the Prime Lease to the
            Prime SubLease.

      5.    SUBLESSEE hereby agrees to hold Life Settlements harmless from
            liability under the Prime SubLease as provided in Paragraph 8 of the
            PrimeLease to the Prime SubLease as if Life Settlements were the
            original landlord under the Prime SubLease.

      6.    SUBLESSEE shall maintain all insurance policies required of Life
            Settlements under the Prime SubLease for its SubLeased Premises.

      7.    Should Life Settlements default on the Prime SubLease, SUBLESSEE
            shall continue to be bound by the SubLease and shall continue to
            comply with all of the provisions and obligations of the Prime
            SubLease in relation to said SubLeased Premises as if SUBLESSEE were
            the original Lessee in the Prime SubLease until the termination date
            of this SubLease as stated above in Paragraph 2.

      8.    Nothing contained herein shall be construed to amend Paragraph 11 of
            the Prime Lease to the Prime SubLease and Paragraph 11 shall
            continue to be applicable to the Prime SubLease and SubLease after
            the execution hereof. Further, SUBLESSEE shall have no right to
            assign this SubLease or to sublet the SubLeased Premises.

      9.    All notices regarding this SubLease shall be in writing to the
            address of record of Life Settlements, SUBLESSEE and Veranda I as
            shown below and shall be given by depositing the same in the United
            States mail, postpaid and certified and addressed to the party to be
            notified, with return receipt requested. All such notices to Veranda
            I shall be delivered in duplicate to the designated party stated
            below.

                                       2
<PAGE>

            Lessor                             Sublessee
            Veranda I Partners, Ltd            Amerifirst Capital Corp.
            818 A1A North, Suite 300           814 AlA North, Suite 307
            Ponte Vedra Beach, FL 32082        Ponte Vedra Beach, FL 32082
            Attn: Dawn Solfa

            Veranda notices in duplicate to:   Life Settlements Service Corp.
            Veranda I Partners, Ltd.           c/o Chris White
            814 AlA North, Suite 300           814 N Highway AlA
            Ponte Vedra Beach, FL 32082        Suite 305
            Attn: Tom Brownfield               Ponte Vedra Beach, FL 32082

This Agreement is executed by LIFE SETTLEMENTS, SUBLESSEE and Veranda I as of
the date first stated above.

Witnesses as to Life Settlements:       Life Settlements Service Corp.
                                        A Florida Foreign Corporation

_________________________________

_________________________________       By: /s/ Randy Stelk
(Printed Name)                              ---------------------------
                                        Its:     President
                                            ---------------------------

_________________________________

_________________________________
(Printed Name)

Witnesses as to Sublessee:              SUBLESSEE:
                                        Amerifirst Capital Corp.
_________________________________       A Delaware Corporation

_________________________________       By: /s/ John Tooke
(Printed Name)                              ---------------------------

                                        Its:     President
                                            ---------------------------

_________________________________

_________________________________
(Printed Name)

                                       3
<PAGE>

Witnesses as to Lessor:                 LESSOR:
                                        Veranda I Partners, LLC, a Florida
_________________________________       Limited Liability Corporation

_________________________________       By: /s/ Donis P. Horne
(Printed Name)                              ---------------------------

                                        Its: President of Veranda I Partners,
_________________________________            LLC
                                             A Florida Limited Liability Company
_________________________________            The Sole General Partner
(Printed Name)

State of ______________
County of _____________

The foregoing Lease was acknowledged and sworn to before me this ___ day of
_____________, 2002, by __________________, (name and title of officer) of
______________________. He/she is personally known to me or has produced
________________________ as identification and did/did not take an oath.

_____________________________
Notary Public

_____________________________
Print Name

_____________________________
Commission Number

_____________________________
My Commission Expires

                                       4

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