Document:

AGREEMENT

THIS AGREEMENT, made and entered into this 4th day of February, 2002, by and
between Panther Telecommunications, Inc. with an address at 5225 NW 87th Ave.,
Suite 100, Miami, FL 33178 (hereinafter referred to as "CLIENT"), and Venture
Fund Management, LLC, with an address at 205 Worth Ave., Suite 201, PO Box 2753,
Palm Beach, FL 33480-2753 (hereinafter referred to as "VFM").

                                   WITNESSETH

WHEREAS, CLIENT is desirous of raising additional debt capital, (hereinafter
referred to as "Financing") in exchange asset based loans to fund the expansion
of its operations; and

WHEREAS, CLIENT desires that VFM act as its non-exclusive placement agent with
respect to the Financing and;

WHEREAS, CLIENT desires that VFM solicit various financial institutions,
strategic partners, and capital groups (hereinafter referred to as "Lender(s)")
regarding a potential loan to CLIENT, its affiliates or assignees up to but not
limited to the amount of one million dollars ($1,000,000) in Phase One, and
potentially an additional amount to be determined in Phase Two; and

WHEREAS, CLIENT desires that VFM use its expertise to secure such Financing and
to submit the terms of such Financing to CLIENT for its consideration.

NOW, THEREFORE, in consideration of the foregoing, and the mutual covenants and
conditions contained herein, the parties do hereby agree as follows:

         1. VFM agrees to use best efforts to introduce CLIENT to Lender(s) as
described above who may be interested in providing such Financing and to advise
CLIENT in connection with the structure, terms and conditions thereof. The final
terms of any such financing shall be subject to negotiations between CLIENT and
the Lender(s) providing such Financing. With respect to this agreement, VFM
anticipates to complete the following specific services, as necessary: (a)
become familiar with the business, operations, management, financial condition,
and future prospects of CLIENT and the related new business opportunities; (b)
advise in identification and selection of prospective participants for potential
investment; consult as to strategy and tactics for approaching Investors;
coordinate the potential Investors approached on CLIENT's behalf and the related
confidentiality agreements and correspondence to the potential investors; and
(c) assist with closing(s).

         2. In connection with VFM's activities on CLIENT's behalf CLIENT will
furnish VFM with all information (hereinafter referred to as "Information")
which VFM may reasonably request and will provide VFM access to CLIENT's
officers, directors, affiliates, consultants, customers (if needed), accountants
and counsel. CLIENT acknowledges that in rendering its services hereunder, VFM
will be using and relying on the Information obtained. CLIENT represents and
warrants that the Information will be true, to the best of its knowledge,
accurate and complete and will not contain any untrue statement of a material
fact or omit to state any material fact required to be stated therein or
necessary to make the statements therein not misleading.

         3. CLIENT  shall  pay  VFM a consulting fee upon arranging Financing on
the  basis  described  in  paragraphs  four  (4.)  and  six  (6.).  VMF  will be
responsible for compensating any agents or employees who were employed by VFM in
connection with the Financing.

         4. In consideration of its services, in the event CLIENT obtains the
Financing  from  any  Lender  introduced  by VFM (or any  affiliate  of any such
Lender,  VFM shall be entitled to receive and CLIENT hereby agrees to pay VFM or
its  assignee a finders fee of ten  percent  (10%) of the first  $500,000,  nine
percent  (9%) of the next  $500,000,  and eight  percent  (8%) on  amounts  over

                                       1
<PAGE>

$1,000,000 based on the total amount of committed  financing.  VFM's fee will be
due and payable by a federal funds wire or certified  check, or CLIENT check (if
so agreed), at closing of each Financing.

         5. At the closing of any Financing in which a fee is payable to VFM
hereunder, CLIENT agrees to issue warrants, in a form that is mutually agreed to
prior to and as a condition to closing, to VFM, or VFM's designated entity(ies),
for the purchase of CLIENT's common stock (hereinafter referred to as "Closing
Warrants"). The Closing Warrants shall have an exercise price per share equal to
100% of the price of the common stock on the date of funding the Financing if a
market price is quoted, and if no price is quoted then the price will be $1.00
per share. The Closing Warrants shall have an exercise period up to four years
from date of issue. The Closing Warrants' exercise price shall be adjusted for
stock splits, dividends and similar effects subsequent to issuance. The Closing
Warrants issued shall be for a number of shares with an aggregate value based on
the exercise price equivalent to ten percent (10%) of the amount of the
Financing secured by VFM for CLIENT.

         6. Because VFM will be acting on CLIENT's behalf, CLIENT will indemnify
VFM against any and all claims against VFM made due to acting on behalf of
CLIENT and using information provided by CLIENT.

         7. NON CIRCUMVENTION: During the term hereof, CLIENT shall negotiate
directly with the Lender(s) for Financing contemplated by this agreement only in
the presence of VFM (unless VFM otherwise consents in writing) and the parties
hereto agree that no action shall be taken by either which has the ultimate
effect of detracting their responsibilities flowing from this Agreement.

         8. ENTIRE AGREEMENT: This Agreement contains the entire Agreement of
the parties with reference to the subject matter herein referenced and all
provisions, undertakings, representations, agreements and arrangements with
reference to such are contained herein. This Agreement may not be changed
orally, but only by an agreement in writing, signed by the party against whom
enforcement of any waiver, change, modification, extension or discharge is
sought.

         9. SEVERABILITY: This Agreement shall be deemed to be severable in
nature. If for any reason any paragraph, term of provision of this Agreement is
held to be invalid or unenforceable by any court of competent jurisdiction, all
other valid provisions of this Agreement shall remain in full force and effect.
If for any reason any portion of the paragraphs, terms or provisions of this
Agreement is held by a court of competent jurisdiction to be too broad or to any
extent to which they may be found enforceable under applicable law.

         10.  BINDING EFFECT:  All of the terms and provisions of this Agreement
shall be binding upon and inure to the benefit of the parties hereto, and of the
indemnified parties hereunder and their respective successors and assigns.

         11. ATTORNEYS FEES: Should either party to this agreement file suit to
enforce any term or provision of this Agreement, the prevailing party shall be
entitled to reimbursement for the costs of said suit, reasonable attorneys fees
and legal expenses, including attorneys fees and costs incurred on appeal.

         12. TERM OF ENGAGEMENT: The terms of the Agreement shall remain in full
force and effect for a period of one hundred eighty (180) days from the date of
execution of this Agreement by CLIENT, or any extension thereof as provided for
herein (the "Term") to accomplish the Financing, unless adjusted in writing by
the parties hereto. Either party is hereby authorized to cancel this Agreement
upon thirty (30) days written notice to the other party. Termination of this
Agreement will not eliminate the obligations of CLIENT to VFM with respect to
fees owed to VFM for Financing received by CLIENT from the Lender(s) introduced
by VFM prior to termination. Neither termination nor completion of this
Agreement shall affect the Indemnification Provisions which are incorporated
herein, which shall remain operative and in full force and effect.

                                       2
<PAGE>

         13.  GOVERNING LAW:   The parties hereto understand and agree that this
Agreement shall be construed, interpreted, and enforced in accordance with the
laws of the State of Florida.

         IN WITNESS WHEREOF, the parties hereto have executed this Agreement the
day and year first written above.

CLIENT:
Panther Telecommunications Corp.              Venture Fund Management, LLC:

-------------------------------               ----------------------------------
By:  Manuel Sanchez, President                By: Thomas H. Ross, PresidentBROKER CONTRACT

 THIS AGREEMENT is made this 22nd day of February , 2001, between Panther
 Telecom, Inc. ("Broker") and (the Company).

 WHEREAS,  the  Company  is  a reseller of wholesale international long-distance
 minutes;

 WHEREAS, Broker has offered to broker the purchase of international
 long-distance minutes from the Company by Broker's customers;

 WHEREAS, the parties agree that Broker should be compensated for its services
 as a broker;

 NOW THEREFORE, in consideration of their mutual promises made herein, and for
 other good and valuable consideration, receipt of which is hereby acknowledged
 by each party, the parties, intending to be legally bound, hereby agree as
 follows:

 1. The parties agree that the foregoing recitals are true and correct and
incorporated herein by this reference.

 2. The Company agrees that the per-minute cost to Broker shall be as set forth
 on Exhibit A. The rates on Exhibit A may be changed upon seven (7) days'
 written notice by to Broker.

 3. Every Broker customer that wishes to purchase the above countries from the
 Company will sign a standard contract. Each billing cycle, will forward to the
 customer invoices at the above per-minute costs, plus Broker's mark-up. Broker
 may not change its mark-up without thirty (30) days' prior written notice to
 the Company. The Company will forward the payment due Broker no later than five
 (5) business days after receipt of a customer payment. The Company shall have
 no duty to pay Broker unless the Company, is paid by Broker's customer.

 4. This agreement shall remain in effect for as long as Broker's customers
 purchase minutes of usage from the Company. In the event all of Broker's
 customers terminate their contracts to purchase-minutes from the Company, this
 agreement will also terminate upon the payment of all final amounts due.

 5. The parties further agree that Broker is only a broker in any transaction
 between the Company and  Broker's customers, and that any actual purchase of
 minutes from the Company is  not  Broker's  responsibility  but solely that of
 Broker's customers pursuant to  the contracts assigned to the Company. Broker
 shall not be deemed an agent of  the Company or of Broker's customers for any
 purposes whatsoever. Broker makes  no representations or warranties (express or
 implied) concerning the character or financial soundness of any Broker customer
 introduced to the Company in  relation to this agreement.

 6. Liability;  General Indemnity.  IN NO EVENT WELL EITHER PARTY BE LIABLE TO
 THE OTHER PARTY FOR ANY INDIRECT,  SPECIAL,  INCIDENTAL OR CONSEQUENTIAL LOSSES
 OR DAMAGES, INCLUDING WITHOUT LIMITATION, LOSS OF REVENUE, LOSS OF CUSTOMERS OR
CLIENTS, LOSS OF GOODWILL OR LOSS OF PROFITS ARISING IN ANY MANNER FROM THIS

<PAGE>

AGREEMENT AND THE PERFORMANCE OR NON-PERFORMANCE OF OBLIGATIONS  HEREUNDER,  THE
LIABILITY  OF THE  COMPANY  AND  BROKER  WITH THE  RESPECT  TO THE  INSTALLATION
(INCLUDING  DELAYS  THEREOF),   PROVISION,   TERMINATION,   MAINTENANCE  REPAIR,
INTERRUPTION,  OR  RESTORATION  OF ANY SERVICE OR FACILITIES  OFFERED UNDER THIS
AGREEMENT SHALL NOT EXCEED AN AMOUNT EQUAL TO THE CHARGE  APPLICABLE  UNDER THIS
AGREEMENT TO THEDURING  WHICH  SERVICES  WERE  AFFECTED.  FOR THOSE WITH MONTHLY
RECURRING CHARGES, THE LIABILITY OF THE COMPANY AND IS TO AN AMOUNT EQUAL TO THE
PROPORTIONATE  MONTHLY  RECURRING  FOR  THE  PERIOD  DURING  WHICH  SERVICE  WAS
AFFECTED.

 7.  General Indemnity.  In the event parties other than the Company and Broker
shall have use of the Service, then:

         a. The Company agrees to forever indemnify and hold Broker harmless
         from and any and all claims, demands, suits, actions, losses, damages,
         assessments or payments which may be asserted by said parties arising
         out of or relating to any defect in the Service claimed by a customer
         of the Company

         b. Broker agrees to forever indemnify and hold the Company
         harmless from and any and all claims, demands, suits, actions, losses,
         damages, assessments or payments which may be asserted by said parties
         arising out of or relating to any defect in the Service claimed by a
         customer of Broker.

 8. Force Majeure. If either party's performance of this Agreement or any
 obligation hereunder is prevented, restricted or interfered with by causes
 beyond that party's reasonable control including, but not limited to, acts of
 God, fire, explosion, vandalism, cut, storm or other similar occurrence, any
 law, order, regulation, direction, action or request of the United States
 government or state or local governments, or of any department, agency,
 commission, court, bureau, corporation or other instrumentality of any one or
 more said governments, or of any civil or military authority, or by national
 emergency, insurrection, riot, war, strike, lockout or work stoppage or other
 labor difficulties, supplier failure, shortage, breach or delay, then such
 party shall be excused from such performance on a day-to-day basis to the
 extent of such restriction or interference. Such party shall use reasonable
 efforts the circumstances to avoid or remove such causes of nonperformance and
 shall proceed to perform with reasonable dispatch whenever such causes are
 removed or cease. This provision shall not, however, either party from making
 any payment when due.

 9. Notices. Any notice or other communication required or permitted to be given
 hereunder shall be in writing and shall be given by prepaid first class mail,
 by facsimile or other means of electronic communication or by delivery as
 hereafter provided. Any such notice or other communication, if mailed by
 prepaid first-class mail at any time other the Company during a general
 discontinuance of postal service due to strike, lockout or otherwise shall be
 to been received on the fourth business day after the postmarked date thereof;
 or if sent by facsimile or other means of electronic communication, shall be
 deemed to have been given when transmitted provided that the sender shall have
 received a transmission report indicating successful transmission of all of the
 pages of the notice to the correct facsimile number and has sent a confirmation
 copy of the notice by first-class pre-paid mail, except that if the
<PAGE>

 transmission of such facsimile does not occur on a normal business day within
 normal business hours at the place to which it is addressed, the notice shall
 be deemed given on the next following business day. For these purposes business
 day shall mean any day other than Saturday. Sunday or public holiday and
 "business hours" shall mean 9:00 am to 5:00 PM in a business day; or if
 delivered by hand, shall be deemed to have been received at the time it is
 delivered to the applicable address noted below either to the individual
 designated below or to an individual at such address having apparent authority
 to accept deliveries on behalf of the addressee. Notice of change of address
 shall also be governed by this section. In the event of a general
 discontinuance of postal service due to strike, lock-out, or otherwise, notices
 or other communications shall be delivered by hand or sent by facsimile or
 other means of electronic communication and shall be deemed to have been
 received in accordance" with this section. Notices and other communications
 shall be addressed as follows:

         In the case of the Company

          In the case of Broker:

 10. No Waiver. No term or provision of this Agreement shall be deemed
 waived and no breach or default shall be deemed excused unless such waiver or
 consent shall be in writing and signed by the party claimed to have waived or
 consented. No consent by any party to or waiver of, a breach or default by the
 other, whether express or implied, shall constitute a consent to, waiver of, or
 excuse for any different or subsequent breach or default.

 11.      Partial Invalidity; Government Action.

          a.      Partial Invalidity. If any term or provision of this Agreement
          shall  be  found  to  be  illegal  or  unenforceability,  then,
          notwithstanding such illegality  or  unenforceability, this Agreement
          shall remain in full force and effect and such term or provision shall
          be to be deleted.

          b.      Government Action. Upon thirty (30) days prior notice,  either
          party shall have the right, without liability to the other, to  cancel
          an affected portion of the Service if any material rate or term
          contained herein and relevant to the affected Service is substantially
          changed or found to be unlawful or the relationship between the
          hereunder is found to be unlawful by order of the highest court of
          competent jurisdiction to which the matter
          is appealed, the Federal Communications Commission, or other local,
          state or federal government authority of competent jurisdiction.

 12.      Exclusive Remedies.  Except  as  otherwise specifically provided for
 herein, the  remedies  set  forth  in  this  Agreement comprise  the  exclusive
 remedies available to either party at law or in equity.

 13.      Use of Service. The Company and Broker will provide the Service
 specified hereunder upon condition that the Service shall not be used for any
 unlawful purpose. The provision of Service will not create a partnership or
 joint venture between the parties or result in a joint communications service
 offering to the third parties.

 14.     Choice of Law; Mediation; Forum.

         a.    Law.   This Agreement shall be construed under the laws of the
         State of Florida without regard to choice of law principles.

          b.    Mediation. Any dispute arising out of or relating to this
         Agreement which has not been resolved by the good faith effort of the
         parties, will be settled by binding mediation conducted expeditiously
         in accordance with the rules of mediation promulgated by the Supreme
         Court of the State of Florida, before a mediator appointed by the firm
         of Mediation, Inc., which mediator shall have served as a judge in and
         for the State of Florida, and judgment upon the award rendered by the
         mediator(s) may be entered by any court with jurisdiction. The location
         of the mediation shall be Miami, Florida. The cost of the mediation,
         including the fees and expenses of the mediator(s), shall be shared
         equally by the parties unless the mediation award provides otherwise.
         Each party shall bear the cost of preparing and presenting that party's
         case. The mediator(s) are not empowered to award damages in excess of
         compensatory damages and each Party irrevocably waives any damages in
         excess of compensatory damages.

         c.     Forum. Any civil action or other legal proceeding arising
         out of or relating to this Agreement or any dealings between Broker, on
         the one hand, and the Company and/or the Company's officers, directors,
         employees, or agents, on the other hand, whether brought before or
         after any termination of this Agreement, shall be brought and heard
         only in a state or federal court located in Miami, Florida and the
         parties hereto expressly waive any rights under any law or rule to
         cause any such proceeding to be brought and heard in any other
         location. Broker and the Company consent to jurisdiction in any state
         or federal court  in Miami, Florida in any civil action or
         other legal proceeding arising out of or relating to this Agreement.

15.      Successors and Assignment. This Agreement shall he binding upon and
         inure to the benefit of the parties hereto and their respective
         successors or assigns, provided, however, that  neither  party  shall
         assign or transfer  its  rights  or  obligations  under  this Agreement
         without the prior written consent of the other party, which shall not
         unreasonably be withheld, arid further provided that any assignment or
         transfer without such consent shall be void.

 16.     General.

         a.        Survival of Terms. The terms and provisions contained in
         this Agreement that by their sense and context are intended to survive
         the performance thereof by the parties hereto shall so survive the
         completion of performance and of this Agreement, including, without
         limitation, provisions for indemnification and the making of any and
         all payments due hereunder.

         b.        Headings.   Descriptive  headings  in  this Agreement are for
         convenience only and  shall  not  affect  the  construction  of  this
         Agreement,
<PAGE>

         c.        Industry Terms. Words having well-known technical or trade
         meanings shall be so construed, and all listings of items shall not be
         taken to be exclusive, but shall include  other items, whether similar
         or dissimilar to those listed, as the context reasonably requires.

         d.        Rule of Construction.  No  rule  of  construction requiring
         interpretation  against the draftsman  hereof shall  apply  in  the
         interpretation of this Agreement.

         e.        Entire Agreement. This Agreement consists of all the terms
         and conditions contained herein; in executed Service Schedules that are
         identified herewith; and in documents incorporated herein specifically
         by reference. This Agreement constitutes the complete and exclusive
         statement of the understandings between the parties and supersedes all
         proposals and prior agreements (oral or written) between the parties
         relating to Service provided hereunder. No subsequent agreement between
         the parties concerning the Service shall be effective or binding unless
         it is made in writing and subscribed to by authorized representatives
         of Broker and the Company.

         IN WITNESS WHEREOF the parties hereto have hereunto set their hands and
 seals the day and year first above written.

Broker                                           The Company

By:                                              By:
Manuel Sanchez
President
6991 NW 82nd Ave.,  Bay 11
Miami, FL    33166

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00035-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00035-of-00352.parquet"}]]