Document:

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                                                                   EXHIBIT 10.19

                              EMPLOYMENT AGREEMENT

         THIS EMPLOYMENT AGREEMENT (the "Agreement") is made and effective as of
the date written below by and between DATATRAK International, Inc. (the
"Company"), and Marc Shlaes (the "Employee").

                                   WITNESSETH:

         WHEREAS, on or about July 7, 1998, Employee entered into an employment
agreement (the "Prior Employment Agreement") with the Company pursuant to which
Employee was retained as Director North American Operations; and

         WHEREAS, as of October 1, 1999, Employee became Vice President, North
American Operations, and the Company desired to retain Employee as its Vice
President, North American Operations with terms and conditions of employment
different from those set forth in the Prior Employment Agreement; and

         WHEREAS, the Company and Employee desire to waive compliance with the
Prior Employment Agreement, as well as any and all amendments thereto, and enter
into an agreement with new terms and conditions of their relationship, including
an automatically renewing term of employment, which terminates only upon written
notice;

         NOW, THEREFORE, in consideration of the mutual promises and covenants
contained herein, the Company and the Employee agree as follows:

         1. DUTIES. The Company employs Employee in the position of Vice
President, Research & Development. Employee shall perform his duties under the
direction of the President or other designee of the Company. Employee agrees to
accept election to and serve as an officer of the Company. During the course of
his employment, Employee shall at all times, faithfully, industriously and to
the best of his abilities, perform all duties that reasonably may be required of
him by virtue of his position and shall use all diligence to make and keep the
Company's trade and/or business. Employee shall devote his full business time
and efforts to the affairs of the Company.

         2. SALARY. The Company will pay Employee a base salary of One Hundred
Forty Five Thousand Dollars ($145,000.00) per year in accordance with the
Company's payroll practices, or in such other periodic method to which both
parties agree, minus appropriate withholdings and deductions. The Company will
review Employee's compensation hereunder on an annual basis, and may adjust the
above-indicated level, in its sole discretion, based on Employee's performance
of his duties hereunder and/or the performance of the Company. Both parties
agree that the above reference to an "annual base salary" or to other benefits
of

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employment, including but not limited to bonuses, does not in any way guarantee
and/or add to the express length of employment of Employee, other than as set
forth herein.

         3. BONUS PLANS. The Company may pay Employee additional compensation in
the form of a discretionary bonus and/or pursuant to Company-established bonus
plan(s) that the Company may have in effect from time to time for
similarly-situated employees. The Company reserves the right to modify or cancel
any bonus plan(s) that it may have in effect at any given time. The Company will
be obligated to pay all amounts earned and due to Employee prior to the
modification or cancellation of any established bonus plans. Any such bonus may
be paid in cash, in equity securities of the Company, in stock options, or in
any combination thereof at the Company's discretion.

         4. STOCK OPTION PLAN. Employee previously entered into separate stock
option agreements entitling him to purchase an aggregate of 69,500 shares of
Collaborative Clinical Research, Inc. common stock ("the Common Shares") .
Employee shall have the right to participate in any stock option plan that the
Company may have in effect for similarly-situated employees.

         5. BENEFITS. During the course of employment, Employee shall be
entitled to participate in any employment benefit plans which are maintained or
established by the Company for its similarly-situated employees, including
enrollment in medical, dental, and life insurance policies or plans, as well as
a 401(k) plan, and all paid holidays afforded to other similarly-situated
employees.

         6. VACATIONS. During the course of employment, Employee shall be
entitled to paid vacation time equal to fifteen (15) days, to be taken at a time
or times acceptable to the Company and otherwise consistent with the terms and
conditions of this Agreement and the Company's vacation pay policy.

         7. TERM AND TERMINATION OF AGREEMENT. The Term of this Agreement shall
commence on the date of this Agreement and shall continue for a period of one
(1) year, (the "Initial Term"), unless sooner terminated as provided in
paragraphs 7.1, 7.2, 7.3, 7.5, 7.6, or 7.7 of this Agreement. This Agreement
will renew automatically for successive one (1) year periods (each, a "Renewal
Period," and collectively with the Initial Term and each proceeding Renewal
Period, the "Term") unless previously terminated, or unless either party gives
notice of non-renewal at least 90 days prior to the commencement of such Renewal
Period.

                  7.1 TERMINATION FOR DEATH. This Agreement shall terminate
         automatically upon the Employee's death. With the exception of any
         benefits under the Company's employee benefit plans, and any stock
         options that have vested under the Company's stock option plan(s) which
         may inure to the benefit of Employee's beneficiaries, upon Employee's
         death, the Company shall have no further obligations under the terms
         and conditions of this Agreement. If Employee's employment is
         terminated

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         pursuant to this section during the Term of this Agreement, Employee
         shall be entitled to his salary through the date of such termination,
         payment for any pro-rata bonus earned and due at the time of
         termination pursuant to any (if any) bonus plan(s) the Company may have
         in effect at the time of termination, and to any other employee
         benefits maintained or established by the Company for its
         similarly-situated employees.

                  7.2 TERMINATION FOR DISABILITY. The Company and the Employee
         acknowledge and agree that the essential functions of the Employee's
         position are unique and critical to the Company and that a disability
         condition which causes the Employee to be unable to perform the
         essential functions of his position with or without reasonable
         accommodations for a period in excess of one hundred twenty (120)
         calendar days will constitute an undue hardship on the Company. If the
         Company determines in good faith upon medical certification and in
         consultation with Employee and, if necessary or appropriate, with
         Employee's physician(s), that the Employee is disabled and unable to
         perform the essential function of his position with or without
         reasonable accommodations, it may give Employee written notice of its
         intention to terminate Employee's employment. If Employee's employment
         is terminated pursuant to this provision during the term of this
         Agreement, employee shall be entitled to his salary through the date of
         such termination, and to any other employee benefits maintained or
         established by the Company for its similarly-situated employees.

                  7.3 TERMINATION FOR CAUSE. The Company may terminate
         Employee's employment for cause by written notification citing the
         specific reasons for termination. For purposes of this Agreement,
         "Cause" means:

                           (1) Employee's failure to complete satisfactorily the
                  Company's routine pre-employment background check;

                           (2) Employee's conviction of a felony involving moral
                  turpitude or a felony in connection with his employment;

                           (3) Employee's theft, fraud, embezzlement, material
                  willful destruction of property or material disruption of the
                  operations of the Company;

                           (4) Employee's use or possession of illegal drugs
                  and/or unauthorized use or possession of alcohol on Company
                  premises or reporting to work under the influence of same; or

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                           (5) Employee's engaging in conduct, in or out of the
                  workplace, which in the Company's reasonable determination has
                  an adverse effect on the reputation or business of the
                  Company; or

         Under any such termination for Cause, all rights, benefits, obligation
         and duties of the parties hereunder shall immediately cease, except any
         compensation due and owing through the date of termination and/or
         fringe benefits that have vested on Employee's behalf prior to such
         termination, if any, and except for the covenants of Employee set forth
         in Section 8 of this Agreement.

                  7.4 SUSPENSION. In the event Employee engages in conduct
         subjecting Employee to potential civil or criminal liability that could
         have an adverse effect upon the Company's reputation or business or is
         related to Employee's duties and responsibilities, the Company reserves
         the right to immediately suspend Employee without pay, pending
         investigation and/or the outcome of the matter.

                  7.5 TERMINATION BY EMPLOYEE OR NON-RENEWAL BY EMPLOYEE.
         Employee may terminate his employment and this Agreement at any time
         for any or no reason upon at least thirty (30) days written notice by
         the Employee directly to the Company's President or other designee of
         the Company. Prior to and/or during any Renewal Period, Employee may
         also terminate this Agreement by giving a notice of non-renewal at
         least 90 days prior to the commencement of the next Renewal Period.
         Employee acknowledges and agrees that a voluntary resignation,
         termination or retirement by Employee prior to the expiration of this
         Agreement and/or a notice of non-renewal by Employee prior to and/or
         during any Renewal Period as described in this Section 7.5 shall result
         in the termination of this Agreement and all rights and obligations
         under this Agreement shall immediately cease, except any fringe
         benefits or stock options that have vested on Employee's behalf prior
         to such termination, and except for the covenants of Employee set forth
         in Section 8 of this Agreement.

                  7.6 TERMINATION OTHER THAN FOR CAUSE, DEATH, OR DISABILITY;
         TERMINATION BY NON-RENEWAL. During the Term of this Agreement, the
         Company may terminate Employee other than for Cause, Death, or
         Disability at any time during the Term of this Agreement, upon not less
         than thirty (30) days notice. Prior to and/or during any Renewal
         Period, the Company may also terminate this Agreement by giving a
         notice of non-renewal at least ninety (90) days prior to the
         commencement of the next Renewal Period. In the event the Company
         exercises its right to terminate the Employee other than for Cause,
         Death, or Disability at any time during this Agreement, during the Term
         of this Agreement as described in this Section 7.6, and/or gives a
         notice of non-renewal prior to

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         and/or during any Renewal Period as described in this Section 7.6,
         Employee shall at the time of such termination be entitled to receive
         his salary through the date of such termination and for a period of one
         (1) year after such termination.

                  7.7 CHANGE OF CONTROL. If a Change of Control (as defined in
         this paragraph) shall occur during the Term of this Agreement, and
         Employee's employment is not continued by the purchaser or successor,
         Employee shall at the time of such non-continuation of employment be
         entitled to receive his salary through the date of such
         non-continuation and for a period of one (1) year after such
         non-continuation. For purposes hereof, the term "Change of Control"
         shall mean (A) the sale of all or substantially all of the assets of
         the Company, (B) the sale of a majority of the outstanding shares of
         capital stock of the Company entitled to vote in a single transaction
         or series of related transactions (except with respect to a public
         offering of the Company's shares of capital stock), (C) the
         consummation of a merger, consolidation or similar transaction
         involving the Company in which the holders of the Company's capital
         stock immediately prior to the transaction do not retain at least a
         majority of the voting power of the Company surviving the merger or its
         parent Company, or (D) the complete liquidation or dissolution of the
         Company.

8.       RESTRICTIVE COVENANTS OF EMPLOYEE.

                  8.1 NONCOMPETITION. During the period of Employee's employment
         by the Company and, (i) in the case of the termination of Employee's
         employment under either Section 7.6 or 7.7 hereof, for a period of
         twelve (12) months thereafter, or (ii) in the case of the termination
         of Employee's employment under any provision of Section 7 hereof other
         than Section 7.6 or 7.7, for a period of fifteen (15) months (the
         "Noncompetition Period"), Employee shall not, directly or indirectly,
         whether as an individual on his own account, or as a shareholder,
         partner, joint venturer, director, officer, employee, consultant,
         creditor and/or agent or otherwise, in any State of the United States
         in which the Company now or hereafter conducts business:

                        (iii)enter into or engage in any business including,
                  without limitation, for a clinical contract research
                  organization (a "clinical CRO"), or otherwise perform any
                  clinical contract research, which competes with the business
                  now or hereafter carried on by the Company or any parent or
                  subsidiary of, or entity controlled by the Company ("Company
                  Affiliates");

                        (iv) solicit customers, business patronage or orders
                  from or on behalf of or perform other services for, any
                  business, any person, firm, association,

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                  corporation or other entity, engaged in any business,
                  including without limitation, an Application Services Provider
                  or, clinical CRO, which directly or indirectly competes with
                  the business of the Company or any Company Affiliate; or

                        (v) promote or assist, financially or otherwise, any
                  person, firm, association, corporation or other entity,
                  including, without limitation, an Applications Services
                  Provider or any clinical CRO, which competes with the current
                  or future business of the Company or any Company Affiliates;
                  provided, however, that the foregoing covenant shall not be
                  deemed to have been violated solely by (a) the ownership of
                  equity securities of any entity which competes with a future
                  business of the Company or any Company Affiliate, to the
                  extent that such securities are acquired prior to the date
                  that the Company or Company Affiliate commences such future
                  business; or (b) the ownership for investment purposes of less
                  than five percent (5%) of the equity securities of an entity
                  which has equity securities listed on a national securities
                  exchange or publicly traded in the over-the-counter-market.

                            8.2 CONFIDENTIALITY AND WORK PRODUCT. Employee
         acknowledges that during his/her employment with the Company he/she has
         had and will have access to confidential information, knowledge, and
         data regarding the business of the Company and Company Affiliates,
         whether received, acquired or developed by him/her or otherwise,
         including, without limitation, trade secrets, design information,
         research methods and techniques, scientific data and formulae, pricing
         data, customer information and all other information or data relevant
         to the business of the Company (collectively, except any of the
         foregoing which is at the time generally known to the public and which
         did not become generally known through the breach of any agreement
         restricting its disclosure, ("Proprietary Information"). Employee
         further acknowledges that in the course of his/her employment he/she
         may be producing designs, analyses, recommendations, reports,
         compilations, studies and other work product, acquiring information on
         behalf of the Company and conceive of ideas, innovations, processes and
         improvements relating to the business of the Company (collectively,
         "Work Product"). As to the ownership, disclosure and use of Proprietary
         Information and Work Product, Employee agrees that, from and after the
         date hereof:

                        (i) he/she will promptly disclose in writing to the
                  Company all Work Product;

                        (ii) all Proprietary Information, all Work Product and
                  all rights therein are and shall be the sole and exclusive
                  property of the Company and all rights or interest of Employee
                  therein are hereby assigned by Employee to the Company,

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                  and Employee will cooperate with and assist the Company from
                  time to time, in any manner reasonably requested by the
                  Company, in obtaining title or ownership therein or evidence
                  thereof;

                        (iii) Employee shall not divulge, disclose or
                  communicate to any third party in any manner, directly or
                  indirectly, Proprietary Information or Work Product;

                        (iv) Employee will not use for his/her own benefit or
                  purposes or for the benefit or purposes of any third party or
                  permit or assist, by acquiescence or otherwise, any third
                  party to use in any manner, directly or indirectly,
                  Proprietary Information or Work Product;

                        (v) upon the termination of his/her employment, Employee
                  will promptly deliver to the Company all Proprietary
                  Information and Work Product, including, without limitation,
                  any reproductions, copies, abstracts, summaries or other
                  documents or records of Proprietary Information or Work
                  Product; and

                        (vi) Following termination of the Noncompetition Period,
                  the obligations of employee in this Section 8.2 shall continue
                  for all Proprietary Information or Work Product of the Company
                  or any Affiliate, whenever developed.

                  8.3 NO INTERFERENCE. During the Noncompetition Period,
         Employee agrees that he/she shall not:

                           (i) take any action which would interfere with the
                  contractual relationship of the Company, any Company
                  Affiliate, customers, suppliers, employees or other which
                  relate to the business of the Company or any Company
                  Affiliate; or

                           (ii) take any action which would induce any employee
                  or representative of the Company or any Company Affiliate not
                  to continue as an employee or representative of the Company or
                  any Company Affiliate;

                           (iii) make remarks or take any other action that
                  disparages or diminishes the reputation of the Company or any
                  Company Affiliate;

                           (iv) without limiting the generality of the
                  foregoing, without the prior written consent of the
                  President/Chief Executive Officer, directly or indirectly
                  employ, whether as an employee, officer, director, agent,
                  consultant or

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                  independent contractor, any person who was an employee,
                  representative, officer or director of the Company or any
                  Company Affiliate at any time during the six-month period
                  prior to the date of such proposed employment; provided,
                  however, that the covenants contained in this clause (iii)
                  shall not apply with respect to such person terminated by
                  action of the Company or any Company Affiliate or who has
                  resigned their position with the Company or any Company
                  Affiliate.

                  8.4 INJUNCTIVE RELIEF. Both parties hereto recognize that the
         services to be rendered by Employee to the Company are special, unique
         and of extraordinary character, that the market for the Company's
         services and products is worldwide; that through the Internet, World
         Wide Web, and/or other media of electronic commerce, the Company
         regularly transacts business worldwide; and that if Employee hereafter
         fails to comply with the restrictions and obligations imposed upon
         him/her hereunder, the Company may not have an adequate remedy at law.
         Accordingly, the Company, in addition to any other rights that it may
         have, shall be entitled to seek injunctive relief to enforce such
         restrictions and obligations without the necessity of posting any bond.

         9. REPRESENTATIONS OF EMPLOYEE. Employee represents and warrants to the
Company that he has the capacity to enter into this Agreement that he is not a
party to any agreement, arrangement or other understanding with any person or
entity which might affect, restrain or conflict with the provisions of this
Agreement and/or the services to be provided to the Company by Employee under
this Agreement. Employee further certifies that he (i) has carefully read the
entire contents of this Agreement before signing his/her name hereto, (ii) was
encouraged and afforded sufficient opportunity by the Company to obtain
independent legal advice prior to his executing this Agreement, (iii) fully
understands all of the terms, conditions, restrictions and provisions set forth
in this Agreement, particularly including, but not limited to, those
restrictions contained in Section 8 hereof, (iv) agrees that such restrictions
are necessary for the reasonable and proper protection of the Company's
business, and (v) acknowledges that each such term, condition, restriction and
provision is fair and reasonable with respect to the subject matter thereof.

         10. REFORMATION OF AGREEMENT; SEVERABILITY. In the event that any
provision or term of this Agreement is found to be void or unenforceable to any
extent for any reason, it is the agreed-upon intent of the parties hereto that
all remaining provisions or terms of the Agreement shall remain in full force
and effect to the maximum extent permitted and that the Agreement shall be
enforceable as if such void or unenforceable provision or term had never been a
part hereof.

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         11. ASSIGNMENT. This Agreement shall inure to the benefit of, and shall
be binding upon, the Company, its successors and assigns. Employee shall not
assign this Agreement without the prior written consent of the Company.

         12. NOTICE. Any notice required under the terms of this Agreement shall
be in writing, and mailed to the recipient's last known address or delivered in
person. If sent by registered or certified mail, such notice shall be effective
when mailed; otherwise, it shall be effective upon delivery.

         13. ENTIRE AGREEMENT; AMENDMENTS: WAIVERS. This Agreement contains the
entire agreement between the parties hereto with respect to the subject matter
hereof and replaces or supersedes any previous agreement on such subject matter.
It may not be changed orally, but only by agreement, in writing, signed by each
of the parties hereto. Only a written instrument specifically referring to this
Agreement, executed by the party waiving compliance, may waive the terms or
covenants of this Agreement. The failure of the Company at any time, or from
time to time, to require performance of any of Employee's obligations under this
Agreement shall in no manner affect the Company's right to enforce any
provisions of this Agreement at a subsequent time; and the waiver by the Company
of any right arising out of any breach shall not be construed as a waiver of any
right arising out of any subsequent breach.

         14. HEADINGS. The headings in this Agreement are intended solely for
convenience of reference and shall be given no effect in the
construction or interpretation of this Agreement.

         15. COUNTERPARTS. This Agreement may be executed in multiple
counterparts each of which shall be deemed an original but all of which together
shall constitute one and the same document.

         16. GOVERNING LAW. This Agreement shall be governed by and construed in
accordance with the laws of the State of Ohio without giving effect to the
conflict of law provisions thereof.

         EXECUTED THIS ____ DAY OF July, 2002.

Date:   MARCH 5, 2003                           /s/ MARC J. SHLAES
       -----------------------------         ----------------------------------
                                              Mark J. Shlaes

                                              DATATRAK International, Inc.

Date:    NOVEMBER 22, 2002                      /s/ JEFFREY A. GREEN
      ------------------------------         ----------------------------------
                                              By: Jeffrey A. Green
                                              Title: President and CEO

                                       9<PAGE>

                                                                   Exhibit 10.28

                                   CART, INC.

                                       AND

                              [CUSTOMER TEAM NAME]

              CART ENGINE LEASE AGREEMENT 2003 ONE [1] CAR CONTRACT

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                             ENGINE LEASE AGREEMENT

     This engine lease agreement is entered into on the ____ day of _________,
2002, by and between CART, Inc., a Michigan corporation ("CART") located at 5350
Lakeview Parkway Drive South, Indianapolis, Indiana 46268 and Fittipaldi-Dingman
Racing, whose principal place of business is __________________________________
(the "Team").

                                    RECITALS

     A. Cosworth Racing, Inc. ("Cosworth") has developed a 2.65 turbocharged
        racing engine known as XFE for use in the CART Racing Series and CART
        has purchased a number of the XFE race engines for the 2003 and 2004
        race seasons.

     B. Team wishes to enter into a lease agreement with CART whereby, under the
        terms and conditions hereof, CART will lease to Team, Cosworth XFE
        engines.

     Therefore, in consideration of the mutual covenants and obligations
contained herein, the parties agree as follows:

     I. ENGINE LEASE.

     CART agrees to lease to Team three (3) XFE engines (the "Engine")
specifically for use in the 2003 Race Season ("Engine"). The Engines provided to
Team shall be received from a pool of engines owned by CART and maintained by
Cosworth. Team understands that it will not always be in possession of the same
Engines, but will always be in possession of up to three (3) Engines that meet
the specifications set forth on Schedule 1. Under no circumstances shall Team be
entitled to be in possession of more than three (3) Engines and, Team will
always have possession or the immediate right to acquire three (3) Engines.

     II. ENGINE SERVICE AGREEMENT.

     Team and CART agree that the engines leased hereunder will be maintained by
Cosworth and Team agrees that it has or will, upon execution of this Agreement,
enter into an "CART Customer Engine Service Agreement" with Cosworth on the
terms and conditions acceptable to CART, Cosworth and the Team. The engines will
be serviced by Cosworth as provided in the CART Customer Engine Service
Agreement which shall govern the use and maintenance of the engines.

     III. INSTALLATION KIT.

     CART will provide to Team at no additional cost, one (1) Installation Kit
as described on Schedule 1 attached hereto (the "Installation Kit"). Such
Installation Kit shall be returned to CART upon termination of this Agreement.

     IV. ENGINE ABUSE AND CRASH DAMAGE.

     Engine abuse shall mean the occurrence of any of the circumstances
described in the CART Engine Customer Service Agreement. Crash damage shall
include any damage caused to an engine, while in the possession of Team, which
results from either damage which is

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incurred in connection with racing activities, transportation of the engines or
any other damage which occurs while the engine is in the possession of the Team.

     Team agrees that it will be responsible for and pay for all engine abuse
and crash damage by arranging with Cosworth to have the engine either replaced
or fixed as is necessary.

     V. PAYMENT.

     Team shall pay to CART a one time lease payment for the 2003 Racing Season
in the amount of One Hundred Thousand Dollars ($100,000), payable in four (4)
equal installments of $25,000 on the first day of January, April, July and
October of 2003.

     VI. DELIVERY AND RETURN OF ENGINES.

     CART will arrange with Cosworth for the delivery and return of all race
engines. Since the engines will be from an engine pool and be maintained by
Cosworth on behalf of CART, Team agrees to comply with Cosworth's requirements
with respect to delivery and return of the engines.

     VII. TERM.

     The term of this Agreement shall commence on the execution of this
Agreement and shall terminate on November 30, 2003.

     VIII. TEAM'S OBLIGATIONS.

     Team will provide an adequately funded competitive team for and will make
one entry in each CART race for 2003 and comply with all of the terms and
conditions of the CART, Inc. 2003 Entrant Support and Participation Agreement.
The Team will comprise the requisite competent skilled driver, technicians and
other key personnel.

     The Team will: a) not run or test the engine outside of the Team's car; b)
not open, break the seals, modify, strip, repair or rebuild the whole or any
part of the engine or the Installation Kit; c) obtain Cosworth's prior written
approval to any electrical or other modification to the Team's car that may
effect the engine's performance; d) take all reasonable and proper care of the
engines and the Installation Kit and indemnify CART against loss of or damage to
the engines or the Installation Kit howsoever caused; and e) not during the term
of this Agreement run any engine in a CART race other than the Engine.

     IX. SPONSORSHIP.

     Team agrees that it will display "Cosworth" decals as provided in the CART
Customer Engine Service Agreement and engine badge decals as required by CART.

     X. WARRANTIES AND LIABILITIES.

     NOTWITHSTANDING ANYTHING IN THIS AGREEMENT TO THE CONTRARY OR OTHERWISE, NO
REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, STATUTORY OR OTHERWISE OF ANY
KIND OR NATURE WHATSOEVER REGARDING THE ENGINE, INSTALLATION KIT OR LEASE KIT
HAS BEEN, IS OR WILL BE MADE BY OR ON BEHALF OF CART INCLUDING, BUT NOT LIMITED
TO, ANY REPRESENTATION OR

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WARRANTY OF THE CAPACITY, CONDITION, SUITABILITY OR FITNESS FOR A PARTICULAR
PURPOSE, PERFORMANCE, RELIABILITY, USE, QUALITY OR MERCHANTABILITY FOR ANY
PARTICULAR PURPOSE AND ANY AND ALL SUCH REPRESENTATIONS AND WARRANTIES HEREBY
ARE WAIVED BY TEAM AND EXCLUDED FROM THIS AGREEMENT, IT BEING UNDERSTOOD AND
AGREED THAT THE SUPPLIED ITEMS ARE PROVIDED "AS IS" AND "WITH ALL FAULTS." CART
SHALL NOT HAVE ANY OBLIGATION OR LIABILITY TO TEAM IN TORT, CONTRACT OR OTHER
THEORY FOR ANY LOSS, INJURY OR DAMAGE THROUGH TEAM, ITS EMPLOYEES, DRIVERS,
AGENTS OR CONTRACTORS AS A RESULT OF ANY DEFECT IN OR THE PROVISION FOR USE OF
ANY OF THE ITEMS WHICH ARE THE SUBJECT OF THIS AGREEMENT.

     TO THE EXTENT PERMITTED BY LAW, TEAM HEREBY WAIVES ANY RIGHTS NOW OR
HEREAFTER CONFERRED BY STATUTE OR OTHERWISE WHICH MAY REQUIRE CART TO SELL,
LEASE OR OTHERWISE USE ANY ENGINES OR RELATED EQUIPMENT IN MITIGATION OF DAMAGES
OF CART OR WHICH MAY OTHERWISE LIMIT OR MODIFY ANY OF THE RIGHTS REMEDIES OF
CART.

     TO THE EXTENT PERMITTED BY LAW, TEAM HEREBY WAIVES ANY AND ALL RIGHTS
CONFERRED UPON A LESSEE AS PROVIDED IN STATE LAW.

     XI. RELEASE AND INDEMNIFICATION

     No officer or employee of CART will be liable to the Team in any
circumstances for any loss, expense or damage of any kind (direct, indirect,
financial or consequential and whether arising from negligence or otherwise)
arising from any act or omission of his during the performance of his employment
or other duties. All officers and employees of CART from time to time will be
entitled to the benefit of the exemptions, limitations, terms and conditions in
this Agreement, and for this purpose only CART enters into this Agreement as
their agent.

     The Team agrees that the risk of personal injury or death to individuals as
a result of racing the car powered by the Engine (whether a test or race) is
substantial but it is a normal and ordinary risk insured against by the Team.

     Team shall defend, indemnify and hold harmless, CART, its parent,
subsidiaries, and affiliated entities and the respective officers, directors,
shareholders, employees, agents, distributors, dealers, successors and assigns,
from and against any and all losses, claims, actions, suits, proceedings,
damages, costs and expenses, including reasonable attorneys fees, arising out of
or in connection with or related to the Team's racing and testing activities
including, without limitation, damage or injury to, or death of, any Team
employee, driver, agent or contractor; the performance or non-performance by or
any breach or default of, team under this agreement, including, but not limited
to, any of Team's testing or racing activities contemplated hereby, except that
Team's indemnification obligation hereunder shall not apply to any losses
resulting from the gross negligence or wilful misconduct of CART.

     The Parties recognise that the section is reasonable having regard to the
unique environment of CART racing and the totality of the commercial
arrangements between them including (without limitation) the amounts payable by
the Team to CART hereunder and to the fact that if CART were to accept
additional or more expensive liability than that prescribed in such clauses CART
would require to be paid, and the Team would agree to pay higher amounts.

                                       3

<PAGE>

     XII. FORCE MAJEURE

     Neither party will be liable to the other party for non-performance or
delay in performance of any of its obligations under this Agreement due to
causes reasonably beyond its control including without limitation fire, flood,
strikes, labour troubles or other industrial disturbances, government
regulation, war, terrorism, civil commotion and riots. Upon the occurrence of
such force majeure condition the affected party will immediately notify the
other party with as much detail as possible and will promptly inform the other
party of any further developments. Immediately after the cause is removed, the
affected party will proceed with the performance of such obligations with all
due speed.

     XIII. INSURANCE.

     The Team will (at its own expense) insure the engines and the Installation
Kit throughout the period that the Team is in possession or the Engines and
Installation Kit are under its control and such insurance being with an
insurance company acceptable to CART providing: 1.) indemnity with respect to
all risks of material loss or damage except when the Engines and Installation
Kit are being used for racing or testing to a value of $150,000 per Engine and
full replacement value of the Installation Kit of $30,000; and 2.) an indemnity
with respect to third party liability in an amount equal to $5,000,000 per
occurrence. Under no circumstances may title to the Engines pass to the
insurance company, even in the event of a total loss claim.

     XIV. OWNERSHIP.

     The Engine and Installation Kit is and shall at all times be and remain,
the sole exclusive property of CART. Team shall have no right, title or interest
therein, except as expressly set forth in this Agreement.

     XV. MAINTENANCE AND REPAIRS.

     Team shall maintain the Engine and Installation Kit in good order and
condition of repair, safety, cleanliness, and appearance, ordinary wear and tear
excepted and shall properly make all repairs and replacements necessary and
appropriate to so maintain the Engine and Installation Kit.

     XVI. TERMINATION.

     This Agreement may be terminated by CART at any time or from time to time
upon one (1) day's notice if any of the following occur:

          A.  Team fails to enter into and abide by the terms and conditions of
              the CART Customer Engine Service Agreement with Cosworth;

          B.  Fails to enter any CART Race without the prior written approval of
              CART; or

          C.  Breaches any of the terms or conditions of this Agreement.

                                       4

<PAGE>

     XVII. ASSIGNMENT OR SUBLEASE.

     Except as otherwise expressly permitted in this Agreement, Team shall not
license, sublease, sell, assign, convey, transfer, lend or encumber the Engine
or Installation Kit. Team shall not assign this Agreement without first
obtaining CART's express written consent to such assignment, which may be
withheld at CART's sole discretion.

     XVIII. NON-WAIVER.

     No failure by CART to exercise any option hereunder or to enforce its
rights or seek its remedies upon any default, and no acceptance by CART of any
payments occurring before or after any default, shall affect or constitute a
waiver of CART's rights to exercise that option, enforce that right, or seek
that remedy with respect to that default or any prior or subsequent default.

     XIX. NO THIRD PARTY BENEFIT.

     This Agreement is intended for the benefit of CART and Team and, except as
otherwise provided in this Agreement, their respective successors and assigns,
and nothing contained in this Agreement shall be construed as creating any right
or benefits in or to any third party.

     XX. NOTICES.

     Any notice or request required or desired to be given to either party shall
be in writing and shall be deemed given when delivered personally to that party
or deposited in the United States mail, first class, postage prepaid, addressed
to that party at the address set forth at the beginning of this Agreement or, in
either case, to such other addresses as that party may theretofore have
designated in notice to the party giving notice.

     XXI. GOVERNING LAW.

     This Agreement has been negotiated and executed in the State of Indiana. It
is the intention of all parties to this Agreement that all questions concerning
the intention, validity, or meaning of this Agreement or related to the rights
and obligations of the parties with respect to performance hereunder shall be
construed and resolved in accordance with the laws of the State of Indiana.

     XXII. COMPLETE AGREEMENT.

     This document (including all schedules and exhibits attached to this
Agreement, which are hereby incorporated herein by reference) contains the
entire agreement between the parties and supercedes any prior discussions,
representations, warranties, or agreements between them respecting the subject
matter hereof. No changes, alterations, modifications, additions, or
qualifications to this Agreement shall be made or be binding unless made in
writing and signed by each of the parties.

                                       5

<PAGE>

     In witness whereof, this Agreement is entered into on the date first set
forth above.

CART, INC.                               TEAM

By:____________________________________  By:____________________________________

Name:__________________________________  Name:__________________________________

Title:_________________________________  Title:_________________________________

                                       6

<PAGE>

Schedule 1 - Installation kit
Each full season entry will receive included in the lease fee a single, two part
installation kit each year. This kit will service one chassis only and kits for
any spare cars must be purchased.

MECHANICAL INSTALLATION KIT (LOLA PART NUMBERS TABULATED, REYNARD BRACKETED)
--------------------------------------------------------------------------------
PART NO.            DESCRIPTION                                          QTY/KIT
--------------------------------------------------------------------------------
XF8951              Wastegate assy (cans and actuator)                         2
--------------------------------------------------------------------------------
XF2091              Exhaust elbow (1)                                          8
--------------------------------------------------------------------------------
XF1077              Mount - fuel pump                                          1
--------------------------------------------------------------------------------
XF0475              Retaining nut - fuel pump                                  1
--------------------------------------------------------------------------------
XF0491 (XF1345)     Drive quill - fuel pump                                    1
--------------------------------------------------------------------------------
XF1323              Retaining clip - fuel pump                                 1
--------------------------------------------------------------------------------
PR2883              Bolt - fuel pump retaining                                 1
--------------------------------------------------------------------------------
XF2924              Dummy load cell                                            1
--------------------------------------------------------------------------------
XF2976              Bung - oil tank                                            1
--------------------------------------------------------------------------------
PP1849              Circlip - oil level sensor                                 1
--------------------------------------------------------------------------------
PP4887              'o' ring - oil level sensor                                2
--------------------------------------------------------------------------------
PP5321              'o' ring - oil level sensor                                1
--------------------------------------------------------------------------------
KK2064              G.p.s. drive kit                                           1
--------------------------------------------------------------------------------
XD0257              Diffuser ring - plenum end                                 1
--------------------------------------------------------------------------------
XD0258              Diffuser ring - turbo end                                  1
--------------------------------------------------------------------------------
XD1423              Bung - UEGO sensor boss                                    2
--------------------------------------------------------------------------------
PR4067              Washer - UEGO sensor boss                                  2
--------------------------------------------------------------------------------
XF                  Filter - air                                               1
--------------------------------------------------------------------------------
XF3340              Adapter - fuel tank scavenge filter                        2
--------------------------------------------------------------------------------
XF3339              Filter - fuel tank scavenge                                2
--------------------------------------------------------------------------------

(1) Team is responsible for exhaust system which will conform with CART
    specified lengths and diameters.

                                       7

<PAGE>

--------------------------------------------------------------------------------
ELECTRICAL INSTALLATION KIT (LOLA PART NUMBERS TABULATED, REYNARD BRACKETED)
--------------------------------------------------------------------------------
PART NO.            DESCRIPTION                                          QTY/KIT
--------------------------------------------------------------------------------
XF9042 (XF9053)     Loom assy - chassis - complete r/h and l/h                 1
--------------------------------------------------------------------------------
XF8896 (XF8901)     Loom assy - low vis                                        1
--------------------------------------------------------------------------------
XF8895 (XF8900)     LOOM ASSY - DASH                                           1
--------------------------------------------------------------------------------
XF9046 (XF9057)     Loom assy - steering wheel                                 1
--------------------------------------------------------------------------------
XF9045 (XF9050)     Steering column and loom assy                              1
--------------------------------------------------------------------------------
XD8842 (XF8932)     G.p.s. assy                                                1
--------------------------------------------------------------------------------
XF9058              Gearshift sensor                                           1
--------------------------------------------------------------------------------
XF9049              Stuck throttle cut off switch assy                         1
--------------------------------------------------------------------------------
XF9051              Boost adjuster                                             1
--------------------------------------------------------------------------------
XF8779              Pig-tail Loom - POV                                        1
--------------------------------------------------------------------------------
XD8252              Pressure Transducer - top can                              1
--------------------------------------------------------------------------------
XF8231              Bench programming lead                                     1
--------------------------------------------------------------------------------
XF8199              Cable - comms ext                                          1
--------------------------------------------------------------------------------
XF8957              Loom assy - download                                       1
--------------------------------------------------------------------------------
XF8974              Loom assy - dummy battery                                  1
--------------------------------------------------------------------------------

                                       8

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