Document:

EXHIBIT 10.2

                            STOCK PURCHASE AGREEMENT
                            ------------------------

         THIS STOCK PURCHASE AGREEMENT, (the "Agreement") is made this 22nd day
of January, 2002, to be effective January 9, 2002, by and among ASSOCIATED
AUTOMOTIVE GROUP, INC., a Nevada corporation (the "Buyer"), and DORON SAUER (the
"Seller").

         Buyer wishes to purchase from the Seller, and the Seller wishes to sell
to the Buyer, all of the issued and outstanding shares of stock of C&K AUTO
IMPORTS, INC., a New Jersey Corporation ("C&K"), all of which are owned by
Seller.

Therefore, the parties agree as follows:

         1. Purchase and Sale of Shares of Stock. At the Closing (as hereinafter
defined), the Seller shall sell, assign and transfer to the Buyer and the Buyer
shall purchase and acquire from the Seller, free and clear of all liens,
security interests, charges, encumbrances and claims or interests of others, all
of the issued and outstanding shares of stock owned by Seller in C&K (the
"Shares"). C&K shall be a wholly-owned subsidiary of Buyer.

         2. Purchase Price and Payment.

                  A. Purchase Price. The aggregate purchase price for the Shares
(the "Purchase Price") shall be the sum of $3,380,000.00.

                  B. Payment. The Buyer shall pay the Purchase Price by payment
to the Seller at Closing as follows:

                  Cash at Closing                                  $  500,000.00

                  Issuance of 750,000 Shares of AAG to
                  Seller at $3.84 per share                        $2,880,000.00

                  C. Additional Capitalization. Within one hundred eighty (180)
days after closing, the Buyer shall provide additional working capital and
additional financing sources, in an amount not less than $2,000,000.00. Proceeds
from the sale of "high line" vehicles shall be re- invested into the division of
C&K which Doron Sauer shall operate pursuant to Section 8.6 herein. It is
understood that the inventory shall remain a corporate asset of C&K, however
Buyer shall not transfer funds from the sale of "high line" vehicles from C&K,
if the net value of C&K is less than $1,800,000.00, until all payments required
by this Agreement are made. Buyer shall execute and cause to be filed a UCC
financing statement in favor of Seller, in the amount of $1,300,000.00 which
shall encumber the inventory of C&K, and shall be released upon payment of all
sums due to Seller hereunder.

         3. Closing. The closing of the sale and purchase of the Shares (the
"Closing") shall take place on January 22nd, 2002 at the offices of Mandel,
Weisman & Brodie, P.A., counsel for Buyer, Boca Corporate Center, 2101 Corporate
<PAGE>
Boulevard, Boca Raton, Florida, at 3:00 pm; or at such other date, time or place
as the Buyer and the Seller mutually agree in writing (the "Closing Date"). The
effective date of this Agreement shall be January 9, 2002.

         4. Intentionally Deleted.

         5. Representations and Warranties of the Seller. The Seller represents
and warrants to the Buyer as follows:

                  5.1 Due Incorporation, Qualification, Capitalization and Share
Ownership.

                           (a) C&K is a corporation duly organized, validly
existing and in good standing under the laws of the State of New Jersey, and has
the corporate power and lawful authority to own, lease and operate its assets,
properties and business and to carry on its business as heretofore now
conducted.

                           (b) Schedule 5.1(b) sets forth the capitalization of
C&K, including the authorized capital, the number of shares of each class of
stock issued and outstanding (all of which are validly authorized and issued,
fully paid and non-assessable), the issued and outstanding subscriptions,
options, warrants, puts, calls, agreements or other commitments or rights of any
type to purchase any securities of C&K, or securities convertible into or
exchangeable therefor or for any shares of capital stock of C&K, a description
of any voting agreements or voting trusts relating to any of the foregoing, or
agreements or commitments to issue any of the foregoing, whether written or
oral. Seller represents that the current revenues of C&K are approximately
$21,000,000.00.

                           (c) C&K does not own or lease property in any
jurisdiction other than the State of New Jersey. C&K does not conduct business
in any jurisdiction other than the State of New Jersey so as to require that it
qualify in such jurisdiction by reason of the conduct of its business.

                           (d) Seller is the holder of record and beneficial
owner of all of the outstanding Shares of C&K, free and clear of all liens,
security interests, charges, encumbrances and claims or interests of others, and
has the full and unrestricted right to, and at closing shall sell, assign,
transfer and deliver the Shares to the Buyer, free and clear of all liens,
security interests, charges, encumbrances and claims or interests of others, in
accordance with the provisions of this Agreement. None of the Shares are subject
to or bound by, and the Sellers is not a party to, bound by or subject to, any
agreement, written or oral, imposing any limitation or restriction on the
transfer, pledge or hypothecation of the Shares, except an agreement in favor of
Dr. Stephen Cohen, which agreement Seller represents shall be released at or
prior to Closing. The Shares owned by the Seller are all of the issued and
outstanding shares of stock, or interests, in C&K of any kind whatsoever, now
outstanding or which have ever been outstanding.

                  5.2 Subsidiaries. C&K does not, directly or indirectly, own or
have the power to vote, or to exercise a controlling influence with respect to,
any interest in, or the securities of any class of, any person or entity and C&K
is not an affiliate of any person or entity.

                  5.3 Articles of Incorporation and By-Laws. The copy of the
Articles of Incorporation of C&K (certified by the Secretary of State of New
Jersey or other appropriate governmental official) and the By-Laws of C&K
(certified by the President of C&K), attached hereto as Exhibit A, contain all
amendments and/or restatements thereto, and are true, correct and complete.

                  5.4 Financial Statements. Attached hereto as Exhibit B are the
following financial statements (collectively the "Financial Statements"): (i)
                                       2
<PAGE>
consolidated balance sheets and statements of income, changes in stockholders'
equity, and cash flow as of and for the fiscal years ended December 31, 1999 and
December 31, 2000, (the "Most Recent Fiscal Year End") for the C&K and its
Subsidiaries; and (ii) unaudited consolidated balance sheets and statements of
income, changes in stockholders' equity, and cash flow (the "Most Recent
Financial Statements") as of and for the nine (9) months ended September 30,
2001 (the "Most Recent Month End") for the C&K and its Subsidiaries. The
Financial Statements (including the notes thereto) have been prepared in
accordance with GAAP applied on a consistent basis throughout the periods
covered thereby and present fairly the financial condition of the C&K and its
Subsidiaries as of such dates and the results of operations of the C&K and its
Subsidiaries for such periods; provided, however, that the Most Recent Financial
Statements are subject to normal year-end adjustments (which will not be
material individually or in the aggregate) and lack footnotes and other
presentation items.

                  5.5 Events Subsequent to Most Recent Financial Statements.
Since the Most Recent Financial Statements, there has not been any material
adverse change in the business, financial condition, operations, results of
operations, or future prospects of C&K. Without limiting the generality of the
foregoing, since that date:

                           (i) C&K has not sold, leased, transferred, or
assigned any material assets, tangible or intangible, outside the Ordinary
Course of Business;

                           (ii)C&K has not entered into any material agreement,
contract, lease, or license outside the Ordinary Course of Business;

                           (iii) no party (including C&K) has accelerated,
terminated, made material modifications to, or canceled any material agreement,
contract, lease, or license to which C&K is a party or by which it is bound;

                           (iv) C&K has not imposed any Security Interest upon
any of its assets, tangible or intangible;

                           (v) C&K has not made any material capital
expenditures outside the Ordinary Course of Business;

                           (vi) C&K has not made any material capital investment
in, or any material loan to, any other Person outside the Ordinary Course of
Business;

                           (vii) C&K has not created, incurred, assumed, or
guaranteed except as set forth in the most recent aggregate indebtedness for
borrowed money and capitalized lease obligations;

                           (viii) C&K has not granted any license or sublicense
of any material rights under or with respect to any Intellectual Property;

                           (ix) there has been no change made or authorized in
the charter or bylaws of C&K;

                           (x) C&K has not issued, sold, or otherwise disposed
of any of its capital stock, or granted any options, warrants, or other rights
to purchase or obtain (including upon conversion, exchange, or exercise) any of
its capital stock;(xi) C&K has not declared, set aside, or paid any dividend or
made any distribution with respect to its capital stock (whether in cash or in
kind) or redeemed, purchased, or otherwise acquired any of its capital stock;

                           (xii) C&K has not experienced any material damage,
destruction, or loss (whether or not covered by insurance) to its property;

                           (xiii) C&K has not made any loan to, or entered into
                                       3
<PAGE>
any other transaction with, any of its directors, officers, and employees
outside the Ordinary Course of Business;

                           (xiv) C&K has not entered into any employment
contract or collective bargaining agreement, written or oral, or modified the
terms of any existing such contract or agreement;

                           (xv) C&K has not granted any increase in the base
compensation of any of its directors, officers, and employees outside the
Ordinary Course of Business;

                           (xvi) C&K has not adopted, amended, modified, or
terminated any bonus, profit-sharing, incentive, severance, or other plan,
contract, or commitment for the benefit of any of its directors, officers, and
employees (or taken any such action with respect to any other Employee Benefit
Plan);

                           (xvii) C&K has not made any other material change in
employment terms for any of its directors, officers, and employees outside the
Ordinary Course of Business; and

                           (xviii) C&K has not committed to any of the
foregoing.

                  5.6 Undisclosed Liabilities. C&K has no material liability
(whether known or unknown, whether asserted or unasserted, whether absolute or
contingent, whether accrued or unaccrued, whether liquidated or unliquidated,
and whether due or to become due, including any liability for taxes), except for
(i) liabilities set forth on the face of the Most Recent Balance Sheet (rather
than in any notes thereto) and (ii) liabilities which have arisen after the Most
Recent Fiscal Month End in the Ordinary Course of Business.

                  5.7 Adverse Change. Except as set forth on Schedule 5.7, since
October 31, 2001, there have been no actual or reasonably foreseeable material
adverse change in the properties, assets, operations, business or condition
(financial or otherwise) of C&K, whether or not in the ordinary and normal
course of business, and there neither has been nor is there any such change
which is threatened, nor has there been any material change, destruction or loss
affecting the properties, assets, operations, business or condition (financial
or otherwise) of C&K, whether or not covered by insurance.

                  5.8 Compliance with Laws. Except as set forth on Schedule 5.8,
C&K has not received notice from any governmental agency that it has failed to
comply with, and it has satisfied all written notices received from any
governmental agency with respect to, and C&K has complied with, all federal,
state, county, local and foreign laws, ordinances, regulations, guidelines and
orders applicable to C&K, or its business, the services it provides and the
properties and assets it owns, including, without limitation, any and all
requirements of any state insurance department or agency, applicable to C&K. C&K
would not be in violation of any such laws, ordinances, regulations, guidelines
or other requirement that have been enacted or adopted but are not yet effective
if they were effective on the date hereof. Except as set forth on Schedule 5.8,
no license, permit, order or approval of any governmental, administrative or
regulatory body (collectively, the "Permits") is necessary for the conduct of
the business or operations now conducted by C&K. All Permits of C&K including,
without limitation, Permits issued by the regulatory departments or agencies of
the various jurisdictions, granted to C&K and its employees, are set forth on
Schedule 5.8 and are in full force and effect, no violations are or have been
asserted or threatened in respect of any of the Permits and no proceeding is
pending, or threatened, to revoke or limit any of the Permits.

                  5.9 Authority To Execute and Perform Agreements. The Seller
has the full legal right and power and all authority and approval required to
enter into, execute and deliver this Agreement, and each and every other
                                       4
<PAGE>
agreement to be executed by the Seller as provided in this Agreement in
connection with the transactions to be consummated in accordance herewith (the
"Seller's Related Agreements"), and to perform fully the Seller's obligations
hereunder and thereunder. This Agreement and the Seller's Related Agreements
have been duly executed and delivered by the Seller, and the Seller represents
that the Seller's Related Agreements are valid and binding obligation of the
Seller, enforceable in accordance with its terms except as may be limited by
bankruptcy, moratorium, insolvency or similar laws generally affecting the
enforcement of creditors. No approval or consents of any foreign, federal,
state, county, local or other governmental or regulatory body or court, and no
approval or consent of any other person or entity, is required in connection
with the execution and delivery by the Seller of this Agreement or the Seller's
Related Agreements, and the consummation and performance by the Seller of the
transactions contemplated hereby and thereby. The execution, delivery and
performance of this Agreement, the Seller's Related Agreements and the
consummation of the transactions contemplated hereby and thereby (a) will not
violate, conflict with or otherwise result in the breach or violation of any of
the terms or conditions of, result in a modification of, effect or constitute
(or with notice or lapse of time or both would so modify, effect or constitute)
a default under (i) the Articles of Incorporation or By-Laws of C&K; (ii) any
instrument, contract or other agreement (written or oral) to which the Seller or
C&K are a party, or by or to which they, or any of their assets, properties,
business or operations, is bound or subject; (iii) any statute or any
regulation, order, judgment, injunction, award or decree of any court,
arbitrator or governmental or regulatory body or agency against or binding upon
or applicable to, the Seller or C&K or upon the business, operations, assets or
properties of the Seller or C&K; or (iv) any Permit, or (b) will not result in
the creation of any charge, claim, security interest, lien or other encumbrance
upon the properties, assets or business of Seller or C&K.

                  5.10 No Defaults Under Loan Agreements. Except as set forth in
Schedule 5.10, neither the Seller nor C&K is in default under any contract or
other agreement (written or oral) relating to borrowed money or any loan
agreement, financing agreement, installment sales agreement or capitalized lease
obligation (written or oral), to which any of them is a party in connection with
the properties, assets or the business of C&K or the Shares or by or to which
any of them or the properties, assets or business of C&K or the Shares is bound
or subject (collectively, "Loan Agreements"), nor does any condition exist which
with notice or lapse of time or both would constitute such a default, and each
such contract or other agreement relating to borrowed money is in full force and
effect, and neither the execution of this Agreement or any of the Seller's
Related Agreements, nor the consummation of the transactions contemplated hereby
or thereby, will result in any breach or acceleration of, or constitute (or with
notice of lapse of time or both would constitute) a default under, any such
contract or other agreement. Schedule 5.10 sets forth all of the Loan Agreements
now or at any time in existence.

                  5.11 Litigation. Except as set forth on Schedule 5.11, there
are no outstanding orders, judgments, injunctions, awards or decrees of any
court, arbitrator, governmental or regulatory body, agency or arbitration
tribunal, against or involving the Seller or C&K, or its properties, assets,
business, condition (financial or otherwise) or operations. Except as set forth
on Schedule 5.11, neither the Seller nor C&K nor any person for whom C&K may
have vicarious liability is a party to, or threatened with, any litigation or
judicial, administrative or arbitration proceeding which, if adversely decided,
could delay the consummation of the transactions contemplated by this Agreement,
or have an adverse effect upon the transactions contemplated hereby, or upon the
properties, assets, business, condition (financial or otherwise) or the
operations of C&K or the Shares, or which could create a liability of the Seller
which could affect the Shares or C&K. Except
                                       5
<PAGE>
as set forth on Schedule 5.11, there is no dispute with any person or entity
under contract (written or oral) with the Seller or C&K which affects, or may
affect, the properties, assets, operations, business or condition (financial or
otherwise) of C&K or the Shares. Except as set forth in Schedule 5.11, none of
the actions, suits, claims or proceedings set forth on Schedule 5.11,
individually or together with any other, will have a material effect on the
properties, assets, operations, business or condition (financial or otherwise)
of C&K or the Shares, or will likely result in any order, judgment, injunction,
award or decree of any court, arbitrator, governmental or regulatory body,
agency or arbitration tribunal which will have a material effect on the
properties, assets, operations, business or condition (financial or otherwise)
of C&K or the Shares. Except as set forth on Schedule 5.11, there is no fact,
event or circumstance that may give rise to any action, suit, claim or
proceeding that would be required to be set forth on Schedule 5.11 if currently
pending or threatened. Except as set forth on Schedule 5.11, there are no
actions, suits or claims or proceedings pending, or threatened, against C&K or
any past or present director, officer, employee or agent of C&K, that would give
rise to any right of indemnification, by C&K the Seller, or the Buyer in favor
of any such director, officer, employee, agent of C&K, or the heirs, executors,
administrators or personal representatives of such person.

                  5.12 Employment Matters. C&K has a total of twelve (12)
employees. C&K has not at any time during its existence had, nor is there now
threatened, any walkout, strike, picketing, work stoppage, work slowdown or any
other occurrence which affects, or may affect, the properties, assets,
operations, business or condition (financial or otherwise) of C&K. C&K has not
received written notice from any governmental agency that it has failed to
comply, and C&K has complied, in all respects with, and it has satisfied all
written notices received from any governmental agency with respect to, all
applicable laws, rules and regulations relating to the employment of labor,
including, without limitation, those relating to wages, hours, collective
bargaining, the payment and withholding of taxes and the Federal Occupational
Safety and Health Act of 1970, as amended [ADA, etc], and the rules and
regulations issued thereunder. C&K has withheld all amounts required by law or
agreement to be withheld from the wages or salaries of its employees, and C&K is
not liable for any arrearages of wages or other taxes or penalties for failure
to comply with any of the foregoing. There are no controversies pending, or to
the best of Seller's knowledge, threatened, between C&K and any of its past or
present employees.

                  5.13 Agreements.

                           (a) Schedule 5.13 sets forth all of the following
contracts or other agreements, written or oral, to which C&K is a party or by or
to which it or any of its properties, assets or business is bound or subject:
(i) any contract or other agreement with any current or former officer,
director, employee, consultant, agent or shareholder, including, without
limitation, any loan agreement between C&K and any of the foregoing (an
"Employee Loan Agreement"); (ii) any contract or other agreement with any labor
union or association representing any employee of C&K; (iii) any contract or
other agreement calling for the payment or potential payment to C&K of more than
$5,000; (iv) any contract or other agreement calling for the payment or
potential payment by C&K of more than $5,000; (v) any contract or other
agreement for the sale of any properties, assets or business of C&K or for the
grant to any person or entity of any preferential rights to purchase any
properties or assets of C&K; (vi) any contract or other agreement under which
C&K or the Seller agree to indemnify any person or entity or to refrain from
competing in any line of business or with any person or entity; (vii) any
contract or other agreement with any person or entity for the provision
                                       6
<PAGE>
of any services by C&K; (viii) any option held by C&K to acquire securities or
all or any substantial portion of the assets, properties or business of another;
(ix) any other contract or other agreement that is material to the properties,
assets, operations, business or condition (financial or otherwise) of C&K
whether or not made in the ordinary and normal course of the business of C&K;
(x) any mortgage, indenture, note, obligation, agreement or other instrument for
or relating to the borrowing of money (including, but not limited to,
obligations in excess of $1,000 for the deferred purchase of property over a
term of more than one (1) year); (xi) any agreement with an insurance agent or
broker, wholesaler, producer, market or governmental agency; (xii) any agreement
with any company providing for services to be rendered by C&K to such company,
or by such company to C&K, or providing for commissions to be earned by and
payable to C&K or to the company. Exhibit E attached hereto contains a true,
correct and complete copy of all written contracts or other agreements
identified on Schedule 5.13, with all addenda and amendments thereto.

                           (b) Except as separately identified on Schedule 5.13,
all of the contracts or other agreements set forth on Schedule 5.13, or
elsewhere referred to in this Agreement or other Schedules hereto (including any
and all amendments thereto), are valid, subsisting agreements, in full force and
effect except as may be limited by bankruptcy, moratorium, insolvency or other
similar laws generally affecting enforcement of creditors rights, binding upon
the parties thereto in accordance with their respective terms, and will be and
remain in full force and effect in accordance with their terms following and
will not be affected in any way whatsoever by the completion of the transactions
contemplated by this Agreement, all of the parties are in full and complete
compliance with all of the terms and provisions thereof, none of the parties has
waived any of the terms or provisions thereof and none of the parties thereto
are in violation or in default under any of them and no condition exists which
with notice or lapse of time or both would constitute a default thereunder or a
waiver of any of the terms or provisions thereof. C&K has paid in full all
amounts due or claimed to be due to or by others under all of the contracts or
other agreements set forth on Schedule 5.13 except as disclosed thereon. C&K has
been paid in full all amounts due or claimed to be due to it under all of the
contracts or other agreements set forth on Schedule 5.13. Except as separately
identified on Schedule 5.13, neither C&K nor the Seller are a party to, bound by
or subject to, any contract or other agreement (written or oral) which affects
the properties, assets, operations, business or condition (financial or
otherwise) of C&K or the Shares, or which was entered into other than in the
ordinary course of its business. Except as separately identified on Schedule
5.13, no approval or consent of any person or entity is needed in order that the
contracts or other agreements set forth on Schedule 5.13, or elsewhere referred
to in this Agreement or other Schedules hereto, continue in full force and
effect with C&K following the consummation of the transactions contemplated by
this Agreement.

                           (c) Neither the Seller nor C&K has received any
notice that any person or entity intends or wishes to amend, rescind, release,
cancel or terminate, any contract or agreement identified on Schedule 5.13.
Except as set forth in Schedule 5.13, no contract or agreement of C&K contains
any restriction with respect to the payment of dividends or any other
distribution in respect of the capital stock of C&K, or limits the absolute
right and discretion of C&K to engage in any line of business or to compete with
any person or entity.

                  5.14 Real Estate.

                           (a) Schedule 5.14 sets forth a list and summary
description of (i) all real property owned by C&K and all buildings and other
                                       7
<PAGE>
structures located on such real property; (ii) all leases, subleases or other
agreements pursuant to which C&K is the lessor or lessee of any real property;
(iii) all options held by C&K or contractual obligations on the part of C&K to
purchase or acquire any interest in real property; and (iv) all options granted
by C&K or contractual obligations on the part of C&K to sell or dispose of any
interest in real property. C&K is the owner of record, lessee under the leases
or holder of the options, as the case may be, as set forth on Schedule 5.14.
Such leases, subleases and other agreements are in full force and effect. C&K
has not received any written notice of default thereunder. Except as separately
identified on Schedule 5.14, the leasehold interests of C&K are subject to no
lien or other encumbrance and C&K enjoys a right of quiet possession in
accordance with the terms of such agreements.

                           (b) With respect to the Leases (the "Leases") with
(i) A&D Auto Body, Inc. the Landlord for premises at 118 Fort Lee Road, Leonia,
New Jersey and (ii) Pal-Mar Realty Company, a New Jersey partnership as the
Landlord for premises at 60 Railroad Avenue, Hasbrouck Heights, New Jersey each
occupied by C&K

                                    (i) Attached hereto as Exhibit F is a true,
correct and complete copy of each of the Leases with all addenda and amendments.

                                    (ii) The present term of the A & D Lease
expires on February 28, 2005, and the present term of the Pal-Mar Lease expires
on February 28, 2006.

                                    (iii) C&K and the Landlords under each Lease
are in full and complete compliance with all of the terms and conditions of the
Leases.

                                    (iv) No event exists (or with the passage of
time or the giving of notice would exist) which would or could give rise to a
default or event of default by C&K or the Landlords under the Leases.

                                    (v) The Leases are in full force and effect,
and will be and remain in full force and effect in accordance with its terms
following, and will not be affected in any way whatsoever by, the completion of
the transaction contemplated by this Agreement.

                                    (vi) C&K has not waived its options to renew
the Leases as therein provided.

                                    (vii) Neither C&K nor either of the
Landlords has waived any term or provision of the Leases.

                                    (viii) The Premises are now in good repair
and tenantable condition, and permits the operations of C&K as now conducted.

                                    (ix) C&K has no lease for any other space in
the buildings in which the Premises are located.

                           (c) C&K has no threatened, actual, absolute or
contingent liability arising out of, relating or incidental to, directly or
indirectly, the use or occupancy of any real estate other than the warehouse and
the Premises and pursuant to the Leases.

                  5.15 Audits. Schedule 5.15 sets forth all audits of C&K
conducted by any agency, governmental authority, or company which has
jurisdiction over C&K, or for which C&K has acted, and all audits, as well as
any communications from any company, governmental agency or the auditor of any
of them, making inquiry, expressing concern or making recommendation, with
                                       8

<PAGE>
respect or relating to procedures or operations of C&K. A copy of all such
audits, and written inquiries are attached hereto as Exhibit G.

                  5.16 Tangible Property. Schedule 5.16 sets forth all of C&K's
Tangible Property (as herein defined). All written and oral (i) leases, (ii)
conditional sale contracts, (iii) franchises or (iv) licenses, pursuant to which
C&K may hold or use any interest owned or claimed by C&K in or to Tangible
Property, are attached or described in Exhibit H attached hereto, and are valid,
subsisting agreements, in full force and effect and binding upon the parties
thereto in accordance with its terms and, as respects the performance of any
party, there is no default or event of default or event which with notice or
lapse of time or both would constitute a default. Except at set forth in
Schedule 5.16, none of C&K's Tangible Property is subject to any lien, security
interest, claim, charge or encumbrance. The Tangible Property of C&K is in good
operating condition and repair and fit for the purpose intended, and C&K has
received no notice that any of the Tangible Property is in violation of any
existing law or any building, zoning, health, safety or other ordinance, code or
regulation, except as set forth on Schedule 5.16. As used herein, the term
"Tangible Property" means all interests owned or claimed by C&K (including,
without limitation, options) in or to the machinery, equipment, furniture,
fixtures, computer hardware, leasehold improvements, vehicles, any related
capitalized items and other tangible property used or usable in the operations
and business of C&K, provided however that certain properties (the "Exempt
Property"), identified on Schedule 5.16A attached hereto, are exempt from this
sale, and ownership of the Exempt Property shall be transferred at or prior to
closing to the Seller.

                  5.17 Intangible Property. Schedule 5.17 sets forth all of
C&K's Intangible Property (defined to include, but not be limited to, any
patent, copyright, invention, discovery, process, trademark, service mark, trade
name, brand name, label, and applications for any of the foregoing) and Licenses
that are used or usable in its operations and business. Except as set forth on
Schedule 5.17, the rights of C&K in the property set forth on Schedule 5.17 are
free and clear of any lien, security interest, claim, charge encumbrance or the
claims or interests of others. Except as set forth on Schedule 5.17, neither the
Seller nor C&K have received notice of any adversely held patent, invention,
trademark, service mark, trade name, brand name or copyright held or claimed by
any other person or entity, or notice of any claim of any other person or
entity, relating to any of the Intangible Property or Licenses, and there is no
basis for any such claim. No person or entity has the right to possession or use
of, or to the best of Seller's knowledge has the possession or is using, any
copies of C&K's databases or other computer software used by C&K, except as set
forth on Schedule 5.17. C&K is the owner of all right, title and interest
including, but not limited to, all copyright rights, in and to any special
software owned by C&K software, and the right to use the databases or other
computer software being used by C&K, all of which is set forth on Schedule 5.17,
free and clear of any lien, security interest, claim charge, encumbrance or the
claims or interests of others. Seller represents and warrants that no other
person or entity has ever alleged or otherwise taken the position, or threatened
to do so, or has the right to do so, directly or indirectly, that he, she or it
owns, or has acquired, any rights in, lien, security interest, claim, charge or
encumbrance on, or any copyright rights in or to, or a right to the use of in
whole or in part, alone or with others, any database or other computer software
used by C&K.

                  5.18 Liens. Except as set forth on Schedule 5.18, C&K owns
outright and has good and marketable title to all of its assets, properties and
business, of every kind, nature and description, tangible and intangible, which
constitute all of the property used in, or necessary for, the conduct of its
operations and business as now and heretofore conducted by it (the "Assets"), in
all cases free and clear of any lien, security interest, charge, claim,
encumbrance or interest of any person or entity.

                                       9
<PAGE>
At Closing, C&K will have good and marketable title to the Assets, free and
clear of any lien, security interest, encumbrance, charge, claim or interest of
any person or entity, except as set forth on Schedule 5.18. The Assets reflected
on the Closing Balance Sheet have not been sold or otherwise disposed of except
in the normal and ordinary course of the business of C&K, and have not become
subject to any lien, security interest, claim, charge, encumbrance, or interest
of any person or entity.

                  5.19 Transactions With Related Parties. Except as set forth on
Schedule 5.19, there have never been any transactions between C&K and the Seller
or other shareholders of C&K, on the one hand, or any entity in which the Seller
or other shareholders of C&K have or ever had an ownership interest, on the
other hand.

                  5.20 Undisclosed Liabilities. Except as set forth on Schedule
5.20, C&K has no Liabilities (as herein defined), except: (a) those set forth in
the Closing Balance Sheet or (b) current Liabilities incurred as a result of the
conduct of its business in the ordinary and normal course since the date of the
Most Recent Financial Statements (in transactions in the ordinary and normal
course of such business) and which are fully and accurately reflected on its
books and records. There is no circumstance, condition, event or arrangement
which may hereafter give rise to any Liabilities of C&K or Buyer arising out of
the operations or business of C&K or the Seller, except as may arise in the
ordinary and normal course of business of C&K. As used herein, the term
"Liabilities" means any direct or indirect indebtedness, liability, claim, loss,
damage, deficiency, obligation or responsibility, known or unknown, fixed or
unfixed, choate or inchoate, liquidated or unliquidated, secured or unsecured,
accrued, absolute, contingent or otherwise, including, without limitation,
liabilities on account of taxes, other governmental charges or lawsuits, whether
or not of a kind required by generally accepted accounting principles to be set
forth on a financial statement.

                  5.21 Receivables. The receivables of C&K, including, but not
limited to, accounts receivable, loans receivable, notes and advances, reflected
on the Closing Balance Sheet, and all such receivables which have arisen since
then, are collectible in full in cash in the ordinary course of the business of
C&K in accordance with their terms, will be so collectible by C&K following the
Closing hereunder, and at the Closing shall not be less than the aggregate
amount of receivables as reflected on the Closing Balance Sheet (less amounts
collected in the normal and ordinary course of business of C&K thereafter).

                  5.22 Clients and Markets. The relationship of C&K with its
suppliers, computer contractors, consultants, service providers, producers,
brokers, agents, insurance companies, governmental agencies and markets are good
commercial working relationships, and there are no disputes between C&K and any
service providers, supplies, producers, brokers, agents, insurance companies,
governmental agencies and markets. Schedule 5.22 sets forth all the terms and
conditions of credit given by C&K to the persons and firms with which it does
business, in the normal and ordinary course of business, and a list of all
transactions in which there is a departure therefrom. Schedule 5.22 also sets
forth the terms and conditions of all warranties and guaranties (written or
oral) given by C&K with respect to products or any other service, advice or
product offered by it.

                           Schedule 5.22 also sets forth the names and addresses
of the clients, accounts, computer contractors, consultants, service providers,
suppliers, producers, brokers, agents, companies, markets and governmental
agencies with which C&K does or has done business since January 1, 1999, and is
a true and complete list of all persons, entities and governmental agencies with
which C&K has done business since that time. Neither C&K nor the Seller has been
advised

                                       10
<PAGE>
or believes that any clients, accounts, computer contractors, consultants,
service providers, suppliers, producers, brokers, agents, companies, markets or
governmental agencies, intends not to renew, or is considering not renewing, its
business with C&K, nor has C&K, since January 1, 2001, except as disclosed on
Schedule 5.22, lost any market, company or governmental agency, or suffered any
reduction in the business done with any market, company, or governmental agency.
All accounts payable of C&K to governmental agencies, suppliers, or brokers,
have been or will be paid in accordance with the terms of the applicable
invoice, agreement, relationship or obligation, and no entity or person with
which C&K does business, has notified C&K or the Seller of an intent to
terminate any existing agreements or arrangements in effect with C&K, and
neither C&K nor the Seller believes that any such person or entity has an
intention to do so.

                  5.23 Employee Benefit Plans. Schedule 5.23 sets forth a true
and complete list of all Benefit Plans (as herein defined) of C&K. True and
complete copies of: (i) all plan texts, agreements and employee communications
relating to each of the Benefit Plans; (ii) all summary plan descriptions
whether or not required to be furnished pursuant to ERISA (as herein defined),
the most recent annual report (including all schedules thereto) and the most
recent annual and periodic accounting of related plan assets with respect to
each of the Benefit Plans which is an "employee benefit plan" (within the
meaning of section 3(3) of ERISA); and (iii) the most recent actuarial valuation
and the most recent determination letter received from the Internal Revenue
Service with respect to each of the Benefit Plans are attached hereto as Exhibit
I.

                  Except as set forth on Schedule 5.23, no event has occurred,
and there exists no condition or set of circumstances in connection with which
C&K or the Buyer, directly or indirectly, could be subject to any liability or
loss of tax deduction previously taken or with regard to periods on or before
the Closing Date under ERISA, the Code (as herein defined) or any other law,
regulation or governmental order applicable to any of the Benefit Plans
including, without limitation, Sections 409, 502(i) or 4069 of ERISA or Sections
162, 497I or 4975 of the Code. Except as set forth on Schedule 5.23, with
respect to each of the Benefit Plans: (i) C&K has made all payments due from it
through the Closing Date and all amounts properly accrued through the Closing
Date as liabilities of C&K which have not been paid have been properly recorded
on the books of C&K and an appropriate reserve has been established and funded;
(ii) no such plan which is subject to Section 302 of ERISA or Section 412 of the
Code has incurred any "accumulated funding deficiency" (as defined in either
such section), whether or not waived; (iii) C&K has complied with, and each such
plan conforms to, all applicable laws and regulations, including, but not
limited to, ERISA and the Code; (iv) each such plan which is a Pension Plan
intended to qualify under Section 401(a) or 403(a) of the Code has received a
favorable determination letter from the Internal Revenue Service with respect to
such qualification, its related trust has been determined to be exempt from
taxation under Section 501(a) of the Code and nothing has occurred since the
date of such letter that would adversely affect such qualification or exemption;
and (v) there are no actions, suits or claims pending (other than routine claims
for benefits) with respect to any of the Benefit Plans or against the assets of
any of the Benefit Plans.

                  No Pension Plan that is or was subject to Title IV has been
terminated and C&K has not incurred, and does not expect to incur, directly or
indirectly, any liability, whether to the Pension Benefit Guaranty Corporation
("PBGC") or otherwise, except for required premium payments, which payments have
been made when due. No event has occurred, and there exists no condition or set
of circumstances, which presents a risk of the partial termination of any
Pension Plan. None of the

                                       11
<PAGE>
Benefit Plans provides medical or death benefits (whether or not insured) with
respect to current or former employees of C&K beyond their dates of retirement
or other termination of service (other than (i) coverage mandated by law or (ii)
death benefits under any Pension Plan). Except as set forth on Schedule 5.23,
there are no unfunded benefit obligations arising in any jurisdiction. Except as
set forth on Schedule 5.23, the present value of all "benefit commitments"
(whether or not vested) (as defined in Section 4001(a)(16) or ERISA) under each
Pension Plan which is a "defined benefit plan" (as defined in Section 3(35) of
ERISA) did not exceed as of the most recent plan actuarial valuation date, and
will not exceed as of the Closing Date, the then current fair market value of
the assets of such plan. For purposes of determining the present value of
benefit commitments under any such plan, an interest rate assumption equal to
the PBGC rate for plans terminating on the Closing Date and such other actuarial
assumptions and methods used under such plan for the most recent plan actuarial
valuation shall be used and all benefits provided under such plan shall be
deemed to be fully vested.

                  The consummation of the transaction contemplated by this
Agreement will not (i) entitle any current or former employee of C&K to
severance pay, or any similar payment, or (ii) accelerate the time of payment or
vesting, or increase the amount, of any compensation due to any such employee or
former employee.

                  None of the Benefit Plans is a "multiple employer plan,"
within the meaning of the Code or ERISA or the regulations promulgated
thereunder, or a "multiemployer plan" as defined in Section 4001(a)(3) of ERISA,
and C&K has not made any contributions to or participated in any "multiple
employer plan" or "multiemployer plan" (as defined above).
Whenever any of the terms set forth below is used in this Section 5.23 it shall
have the following meaning: "Benefit Plans" shall mean any plan, agreement,
arrangement or commitment which is an employment, consulting or deferred
compensation agreement, or an executive compensation, incentive bonus, employee
pension, profit-sharing, savings, retirement, stock option, stock purchase, or
severance pay plan, or a life, health, disability or accident insurance plan, or
a holiday, vacation, Christmas or other bonus practice or other employee benefit
plan, agreement, arrangement or commitment, written or oral, including, without
limitation, any "employee benefit plan," as defined in Section 3(3) of ERISA,
maintained by or with respect to which C&K has, or in the future may have, any
liability or obligation with respect to any current or former employees of C&K,
or its beneficiaries; (ii) "Code" shall mean the Internal Revenue Code of 1986,
as amended; (iii) "ERISA" shall mean the Employee Retirement Income Security Act
of 1974, as amended; and (iv) "Pension Plan" shall mean a benefit plan which is
a "Pension Plan," as defined in Section 3(2) of ERISA.

                  5.24 Insurance. Schedule 5.24 sets forth a list and summary
description of all policies or binders of insurance, including, but not limited
to, fire, liability, fidelity, errors and omissions, workmen's compensation,
vehicular, life, and other insurance, held by or on behalf of C&K specifying the
insurer, the premium, the policy number or cover note number with respect to
binders, type and amount of coverage, deductible amounts, inception and
expiration dates, and as to any policies written on a claims made basis the
retroactive coverage dates. Such policies and binders are valid and enforceable
in accordance with their terms, and are in full force and effect. Neither Seller
nor C&K has received any written notice that C&K is in default with respect to
any provision contained in any such policy or binder, and C&K has not failed to
give any notice or present any claim under any such policy or binder in due and
timely fashion. Except for claims set forth on Schedule 5.24, there are no
outstanding unpaid claims under any such policy or binder.

                                       12
<PAGE>
C&K has not received a notice (or been advised of an intention to give a notice)
of cancellation or non-renewal of any such policy or binder. There has not been
any inaccuracy in any application for such policies or binders or any failure to
pay premiums when due which might form the valid basis for termination of any
such insurance. Except as set forth on Schedule 5.24, there are no state of
facts, and there has been no event, that, to the best of Seller's knowledge, is
reasonably likely to form the basis for any claim against C&K not fully covered
by the policies referred to on Schedule 5.24. The insurance coverages of C&K are
adequate and suitable in Seller's judgment as to type and amount of coverage as
to the business now conducted by C&K. C&K has not had any claims covered by its
policies of insurance in excess of the coverage provided by such policies.

                  5.25 Operations of C&K. Except as set forth on Schedule 5.25,
since the date of the Most Recent Financial Statements through the Closing Date,
C&K has not and will not, other than in the ordinary course of business, or
without Seller's prior approval, which shall not be unreasonably withheld or
delayed:

                           (i) amend, or agree to amend, its Articles of
Incorporation or By-Laws, or merge with or into, or consolidated with, or agree
to merge with or into or consolidate with any other person or entity, or change
or agree to change in any manner the character of its business;

                           (ii) hire, or agree to hire, any person, enter into
or amend, or agree to enter into or amend, any employment agreement with respect
to a person, whose annual compensation exceeds $30,000; enter into, or agree to
enter into, any agreement with any labor union or association representing any
employee; or suffer any labor dispute or disturbance; or enter into or amend, or
agree to enter into or amend, any of the Benefit Plans;

                           (iii) declare or pay, or agree to declare or pay, any
dividend, or declare or make, or agree to declare or make, any distributions of
any kind to its shareholders; reduce, or agree to reduce, its cash or short-term
investments or its equivalent, other than to meet cash needs arising in the
ordinary and normal course of business, consistent with past practices.

                           (v) waive, or agree to waive, any right of value to
the properties, assets, operations, business or condition (financial or
otherwise) of C&K; make, or agree to make, any change in the accounting methods
or practices of C&K;

                           (vi) waive or agree to waive, any right of value to
the properties, assets, operations, business or condition (financial or
otherwise) of C&K;

                           (vii) make, or agree to make, any wage or salary
increase or bonus, or increase in any other direct or indirect compensation, or
benefit for, or to, any of the officers, employees, consultants or agents of
C&K, or its representatives, or any accrual for, or commitment or agreement to
make or pay the same;

                           (viii) make, or agree to make, any payment or
commitment to pay any severance or termination pay to any of the officers,
directors, employees, consultants or agents of C&K or its representatives;

                           (ix) enter into, or agree to enter into, any lease
(as lessor or lessee) except in the ordinary and normal course of business,
sell, abandon, or make, or agree to sell, abandon or make, any disposition of
any of its properties or assets, other than in the ordinary and normal course of
business, grant or suffer, or agree to grant or suffer, any lien, security
interest, charge or other encumbrance on any of its properties or assets;

                                       13
<PAGE>
                           (x) incur or assume, or agree to incur or assume, or
guaranty or agree to guaranty, any indebtedness or Liability, whether absolute
or contingent, and whether or not currently due and payable;

                           (xi) make an acquisition of all or any part of the
assets, properties, capital stock or business of any other person or entity or
make any commitment to do any of the foregoing; (xii) suffer or incur any
casualty damage, destruction or loss (whether or not covered by insurance),
adversely affecting the Assets or the business, operations or condition
(financial or otherwise) of C&K, or any real or personal property leased by C&K;
terminate, or agree to terminate, or fail to renew, or receive any threat (that
was not subsequently withdrawn), to terminate or fail to renew, any written or
oral contract or other agreement to which C&K is a party, or by which it is
bound or subject;

                           (xiii) terminate, or agree to terminate, or fail to
renew, or receive any threat (that was not subsequently withdrawn), to terminate
or fail to renew, any contract or other agreement, written or oral, to which C&K
is a party, or by which it is bound or subject;

                           (xiv) enter into, or agree to enter into, any other
contract or other agreement or other transaction, written or oral;

                           (xv) make, authorize or permit any direct or indirect
redemption, purchase or other acquisition of any of its capital stock, or of any
options, warrants, rights or agreements to purchase or acquire any of such
stock, or issue or dispose of any securities of C&K, or any commitment or
obligation to take any such action;

                           (xvi) enter into, or agree to enter into, any
transaction other than in the ordinary and normal course of business of C&K;

                           (xvii) enter into or commit to enter into, any
modification, waiver, change, amendment, release, rescission, accord and
satisfaction, of or with respect to any contract or other agreement, written or
oral, to which C&K is a party, or by which it is bound or subject;

                           (xviii) make, or agree to make, any loan or advance
to any person or entity;

                           (xix) suffer or permit any actual or foreseeable
material adverse change in the condition (financial or otherwise), business or
operations of C&K, whether or not in the normal and ordinary course of business;

                  5.26 Potential Conflicts of Interest. Except as set forth on
Schedule 5.26, no officer or director of C&K (i) owns, directly or indirectly,
any interest in, (excepting not more than 1% stock holdings for investment
purpose in securities of publicly held and traded companies), or is an officer,
director, employee, consultant, agent or other representative of, any person or
entity which is a competitor, lessor, lessee, customer, supplier, consultant or
a provider of services or products, to or of C&K or a person or entity with
which C&K has done or does business; (ii) owns, directly or indirectly, in whole
or in part, any copyright, trademark, trade name, service mark, franchise,
patent, or invention used or usable by C&K.

                  5.27 Full Disclosure. All documents and other papers delivered
by or on behalf of the Seller in connection with this Agreement and the
transactions contemplated hereby are true, complete and correct in all material
respects. The information furnished by or on behalf of the Seller to the Buyer
in connection with this Agreement and the transactions contemplated hereby does
not contain any untrue statement of a material fact and does not omit to state
any material fact necessary to make the statements made, in the context in which
made, not false or misleading. There is no fact which the Seller has not
disclosed to the Buyer in writing which materially affects the property,
                                       14
<PAGE>
assets, business, operations or condition (financial or otherwise) of C&K or the
ability of Seller to perform this Agreement.

                  5.28 No Broker. No broker, finder, agent or similar
intermediary has acted for or on behalf of the Seller or C&K in connection with
this Agreement, or the transactions contemplated hereby, and no broker, finder,
agent or similar intermediary is entitled to any broker's, finder's or similar
fee or other commission in connection therewith based on any agreement,
arrangement or understanding with the Seller or C&K or any action taken by the
Seller or C&K.

                  5.29 Assets. The Assets constitute all of the Tangible
Property, Intangible Property and Licenses in which C&K has any interest, direct
or indirect, and which are used or necessary in the conduct or operation of its
business as it has been operated at all times prior to the Closing.

                  5.30 Shareholders, Directors and Officers; Powers of Attorney
and Accounts. Schedule 5.30 contains a complete and accurate list of all
shareholders, directors and officers of C&K, and all persons, if any, holding
powers of attorney from C&K and proxies from or nominees of any of the Seller,
or the directors or officers of C&K, as well as the names and locations of all
banks or other depositories, financial institutions, brokerage firms or other
places in which C&K has (or has since January 1, 1998 has had) accounts, trust
funds or safe deposit boxes, and the names of the persons authorized to draw
thereon, borrow therefrom or have access thereto.

                  5.31 Taxes. All federal, state, local and other tax returns
and reports required to be filed by the Seller and C&K prior to the Closing
Date, or after the Closing Date for periods prior to the Closing, have been (and
as to such required to be filed after Closing will be to the extent the Seller
is in a position to so cause or advise others to do) accurately prepared, duly
executed and filed, or will be so prepared, executed and filed on or before its
due date, and all taxes due with respect to such returns have been or will be
paid in full by such date or dates, and any deficiencies or assessments
subsequently imposed upon C&K or Seller for such periods shall be paid in full
by the Seller. Neither C&K nor the Seller have received any notice of any
deficiency, assessment of additional taxes or any other claim or notice of any
nature whatsoever, that any tax or additional tax is due which has not been paid
or otherwise finally settled or satisfied, and no such notice, assessment or
claim is outstanding on the date of this Agreement. Neither Seller nor C&K have
executed any waiver of any statute of limitations with respect to any taxable
year, nor any consent under Section 341(f) of the Internal Revenue Code of 1986,
as amended, and no extension of time is in effect for the assessment of
deficiencies against the Seller or C&K. The tax returns of C&K have never been
audited by the Internal Revenue Service or any other taxing authority, there is
no pending or to the best of Seller's knowledge threatened audit by the Internal
Revenue Service or any other taxing authority and C&K has never received any
notice of intent to perform any such audit. There is no agreement with any
taxing authority that may affect the tax liabilities of the Seller or C&K.

                           The Seller and C&K have paid (and, as to any of the
following which are payable after the Closing Date, the Seller and C&K have
properly reserved against), all income taxes, sales and use taxes, unemployment
taxes, payroll taxes, ad valorem taxes, property taxes, premium taxes, excise
taxes, duties and imposts, and all other taxes or charges in lieu of or in the
nature of taxes, of every kind, character or description, imposed by any
governmental or quasi-governmental authority, required to be paid by C&K with
respect to the operations and business of C&K for all periods prior to the
Closing Date. There are no outstanding notices of any deficiencies, adjustments,

                                       15
<PAGE>
changes in assessments or increases in tax rates with respect to any such taxes.
C&K and the Seller have duly filed or caused to be filed all reports or returns
relating to or covering any such taxes or other charges which are due or
required to be filed at or prior to the date hereof.

                           Without limiting the foregoing, the Closing Balance
Sheet includes adequate provision for all taxes, assessments, fees and
governmental charges accrued as of the date thereof, and the books and records
of C&K at Closing will and do include adequate provision for all taxes,
assessments, fees and governmental charges accrued to the Closing Date but due
and payable after Closing.

                  5.32 Fiscal Year. The fiscal year of C&K ends on December 31
of each year, and has so ended since the inception of C&K.

                  5.33 Tax Status. C&K has elected S Corporation status for
every fiscal year of its existence. At all times from its inception through and
including the fiscal year ending December 31, 2000, and thereafter to the
Closing Date, C&K has had an election in effect under Section 1361 (a) of the
Internal Revenue Code of 1986, as amended, and has properly maintained its S
Corporation status, satisfying and being in compliance with all of the
requirements of an S Corporation. Such S Corporation election has not been
terminated, and no valid basis or reason exists for termination of the S
Corporation election, prior to the Closing hereunder.

                  5.34 Books and Records. All of the books and records of C&K,
including, but not limited to, the accounting and corporate books and records,
and records of business and transactions with its customers, insurance
companies, markets, governmental agencies, producers, brokers, agents and
adjusters, are true, accurate and complete in all material respects, and reflect
fully each and every transaction with respect to which C&K is or was a party or
by which it is subject or bound. All of such books and records are maintained
and located, and at Closing will be so located, in the offices of C&K at 60
Railroad Avenue, Hasbrouck Heights, New Jersey.

                  5.35 Compensation of Directors. No compensation has ever been
paid, or agreed to be paid, by C&K to any member of its Board of Directors as
and for a director's fee and no amount has even been paid, or agreed to be paid,
by C&K to any member of its Board of Directors as a reimbursement, advance or
allowance for or with respect to expenses incurred as a director.

                  5.36 Committee of the Board of Directors. There has never been
any Committee established by the Board of Directors of C&K.

                  5.37 Guaranties. C&K has never guaranteed the obligations of
any person or entity, and has never agreed to do so.

                  5.38 Registered Office and Agent. Schedule 5.38 lists the
current statutory registered agent and registered office of C&K.

                  5.39 Indebtedness to Seller. C&K does not now, and will not at
Closing, have any indebtedness to Seller, and Seller is not, and at Closing will
not, be indebted to C&K.

                  5.40 Environmental Matters. C&K has received no notice, and
Seller has no reason to believe that C&K is in violation of any Environmental
Laws (as defined below) applicable to it or its properties, or of any
limitations, restrictions, conditions, standards, obligations or timetables
contained in any Environmental Laws, or any regulation, code, plan, order,
decree, notice or demand letter issued, entered, promulgated or approved
thereunder. No notice or action alleging any such violation is pending, or to
the best of Seller's knowledge is threatened, and no past or present condition
or practice of the business conducted by C&K would violate or prevent compliance
with Environmental Laws, or give rise to any common law or statutory liability
or otherwise form
                                       16
<PAGE>
the base of any claim, action or proceeding with respect to C&K involving any
Environmental Laws, pollutant or hazardous or toxic material or waste. C&K has
received no notice, and Seller has no reason to believe that C&K has any
liability, present or past, under CERCLA, including, without limitation as a
result of its ownership or operation of any "facility" as defined in CERCLA. As
used herein, "Environmental Laws" shall mean any federal, state or local law,
ordinance, rule, regulation or order relating to, directly or indirectly, the
regulation or protection of human health, safety or the environment or to
emissions, discharges, releases or threatened releases of pollutants,
contaminants, chemicals or industrial toxic or hazardous substances or waste
into the environment (including, without limitation, ambient air, soil, surface
water, ground water, wetlands, land or sub-surface strata), or otherwise
relating to, directly or indirectly, the manufacture, processing, distribution,
use, treatment, storage, disposal, transport or handling of pollutants,
contaminants, chemicals or industrial, toxic or hazardous substance or waste.
"CERCLA" means the Comprehensive Environmental Response, Compensation and
Liability Act of 1980, as amended and the rules and regulations promulgated
thereunder.

         6. Representations and Warranties of the Buyer. The Buyer represents
and warrants to the Seller as follows:

                  6.1 Due Incorporation. The Buyer is a corporation duly
organized, validly existing and in good standing under the laws of the State of
Florida, and has the corporate power and lawful authority to own, lease and
operate its assets, properties and business and to carry on its business as now
conducted.

                  6.2 Articles of Incorporation and By-Laws. The copies of the
Articles of Incorporation of the Buyer (certified by the Secretary of State of
the State of Nevada or other appropriate governmental official) and By-Laws of
the Buyer (certified by the Secretary of the Buyer), and all amendments to each,
attached hereto as Exhibit J, are true, correct and complete.

                  6.3 Authority to Execute and Perform Agreements. The Buyer has
the full legal right and power, and all authority and approval, required to
enter into, execute and deliver this Agreement, and each and every other
agreement to be executed by the Buyer as provided in this Agreement in
connection with the transactions to be consummated in accordance herewith (the
"Buyer's Related Agreements"), and to perform fully its obligations under this
Agreement and each of the Buyer's Related Agreements. This Agreement and the
Buyer's Related Agreements have been duly authorized by all necessary corporate
action by the Buyer. This Agreement and the Buyer's Related Agreements have been
duly executed and delivered by the Buyer, and each of this Agreement and the
Buyer's Related Agreements is the valid and binding obligation of the Buyer
enforceable in accordance with its terms, except as may be limited by
bankruptcy, moratorium, insolvency, or other similar laws generally affecting
the enforcement of creditors' rights. No approval or consent of any foreign,
federal, state, county, local or other governmental or regulatory body or court,
and other than the consents as otherwise specified in this Agreement, no
approval or consent of any other person or entity, is required in connection
with the execution and delivery by the Buyer of this Agreement, the Buyer's
Related Agreements and the consummation and performance by the Buyer of the
transactions contemplated hereby and thereby. The execution, delivery and
performance of this Agreement, the Buyer's Related Agreements and the
consummation of the transactions contemplated hereby and thereby, (a) will not
violate, conflict with or otherwise result in the breach or violation of any of
the terms or conditions of, result in a material modification to the effect of
or constitute (or with notice of lapse of time or both would constitute), a
default under

                                       17
<PAGE>
(i) the Articles of Incorporation or By-Laws of the Buyer; (ii) any instrument,
contract or other agreement to which the Buyer is a party or by or to which it
or any of its assets or properties is bound or subject, except to the extent the
approval or consent of any other person or entity as otherwise specified in this
Agreement is required; (iii) any statute or any regulation, order, judgment,
injunction, award or decree of any court, arbitrator or governmental or
regulatory body against or binding upon or applicable to, the Buyer or upon the
assets or properties of the Buyer.

                  6.4 Full Disclosure. All documents and other papers delivered
by or on behalf of the Buyer in connection with this Agreement and the
transactions contemplated hereby are true, complete and correct in all material
respects. The information furnished by or on behalf of the Buyer to the Seller
in connection with this Agreement and the transactions contemplated hereby does
not contain any untrue statement of a material fact and does not omit to state
any material fact necessary to make the statements made, in the context in which
made, not false or misleading. There is no fact Buyer has not disclosed to the
Seller in writing which affects the ability of Buyer to perform this Agreement.

                  6.5 No Broker. No broker, finder, agent or similar
intermediary has acted for or on behalf of the Buyer in connection with this
Agreement or the transactions contemplated hereby, and no broker, finder, agent
or similar intermediary is entitled to any broker's, finder's, or similar fee or
other commission in connection therewith based on any agreement, arrangement or
understanding with the Buyer or any action taken by the Buyer.

         7. Covenants and Agreements. The parties covenant and agree as follows:

                  7.1 Expenses of Sale. The Seller and Buyer agree that each of
them shall bear its, his and its own direct and indirect expenses incurred in
connection with the negotiation, preparation and performance of this Agreement,
and the consummation of the transactions contemplated hereby, whether or not the
transactions contemplated hereby are consummated, including, but not limited to,
all fees and expenses of agents, representatives, counsel and accountants. All
transfer taxes, documentary taxes, gross receipts taxes, sales and use taxes,
and similar taxes, if any, resulting from the execution, delivery,
implementation and consummation of this Agreement shall be paid by the Seller.

                  7.2 Further Assurances. All of the parties shall execute such
documents and other papers, and perform such further acts, as may be reasonably
required or reasonably desirable to carry out the provisions hereof and the
transactions contemplated hereby, before and after the Closing. All of the
parties shall use their best efforts to fulfill or obtain the fulfillment of the
conditions to the Closing, including, without limitation, the execution and
delivery of any documents or other papers, the execution and delivery of which
are conditions precedent to the Closing, subject to the provisions of this
Agreement.

                  7.3 Property of the Buyer. All memoranda, notes, lists,
records and other documents or other papers (and all copies thereof), including,
without limitation, such items stored in computer memories, on microfiche or by
any other means, made or compiled by or on behalf of C&K or the Seller,
concerning the Business (hereinafter defined), are and shall be the Buyer's
property and shall be delivered to the Buyer promptly upon the Closing. The term
"Business" shall mean any activity, for profit or otherwise, done or provided by
C&K.

                  7.4 Non-Assignability. Nothing in this Agreement shall be
construed as an attempt to assign any agreement, contract or contract right
which is in law nonassignable without the consent of the other party or parties
thereto, unless such consent shall have been given. Seller

                                       18

<PAGE>
represents and warrants that there are no such agreements, contract or contract
rights, written or oral, used or useful in the business of C&K.

                  7.5 Intentionally Deleted.

                  7.6 Employee and Related Party Loans. At or prior to Closing,
payment in full shall be made of any and all obligations for money borrowed,
services rendered, goods supplied, or otherwise, from or to C&K and any of its
present or former shareholders, directors, officers, employees, agents or
representatives, or any other entity in which any such present or former
shareholder, director, officer, employee, agent or representative did or does
have any interest or relationship.

                  7.7 Intentionally Deleted.

                  7.8 S Corporation. Seller understands and acknowledges that
the S Corporation election of C&K shall terminate automatically at the time of
Closing since C&K will then cease to be a "small business corporation" within
the meaning of Section 1361 (a) of the Internal Revenue Code of 1986, as
amended, as its shareholder will be a person which is not an individual or an
otherwise qualified entity. Seller shall be responsible for all costs and
expenses resulting from such termination including, but not limited to,
accounting for the S-corporation short taxable year, filing of all necessary tax
returns for the S-corporation short taxable year, and payment of any and all
taxes for the S-corporation short taxable year.

                  7.9 Section 338(h)(10) Election. The parties consent and agree
to and do make, and do agree to take all necessary steps to effect, the election
under Section 338(h)(10) of the Internal Revenue Code of 1986, as amended, with
respect to the transaction which is the subject of this Agreement.

         8. Conditions Precedent to the Obligation of the Buyer to Close. The
obligation of the Buyer to enter into and complete the Closing is subject, at
its option, to the fulfillment on or prior to the Closing Date of the following
conditions, any one or more of which may be waived by it in its sole and
absolute discretion:

                  8.1 Representations and Covenants. The representations and
warranties of the Seller contained in this Agreement shall be true in all
material respects as and when made, and on and as of the Closing Date as if then
made. The Seller shall have performed and complied with all covenants and
agreements required by this Agreement to be performed or complied with by him on
or prior to the Closing Date. The Seller shall have delivered to the Buyer a
certificate, dated the Closing Date and signed by the Seller to the foregoing
effect and stating that all conditions to the Buyer's obligations hereunder have
been satisfied.

                  8.2 Governmental Permits and Approvals. Any and all permits
and approvals from any governmental or regulatory body required for the lawful
consummation of the Closing shall have been obtained and delivered to the Buyer.

                  8.3 Third Party Consents. All consents, permits and approvals
from parties to any contract or other agreement with C&K or the Seller which may
be required in connection with the performance by the Seller or C&K of their
obligations under this Agreement, or to validly and effectively transfer and
assign the same to the Buyer, shall have been obtained and delivered to the
Buyer.
                  8.4 Litigation. No action, suit or proceeding shall have been
instituted before any court or governmental or regulatory body, or instituted or
threatened by any governmental agency or body, to restrain, modify or prevent
the carrying out of the transactions contemplated hereby or

                                       19
<PAGE>
to seek damages or a discovery order in connection with such transactions, or
which has or may have, in the reasonably justified opinion of the Buyer, an
adverse effect on the Shares, the Assets or the business or condition (financial
or otherwise) of C&K.

                  8.5 Seller's Related Agreements. Simultaneously with the
Closing, (a) DORON SAUER shall enter into and deliver to C&K an Employment
Agreement in the form attached hereto as Exhibit K and shall be designated as
the President of C&K and the Executive Vice President and member of the Board of
Directors of Seller.

                  8.6 Approval of Counsel to the Buyer. All actions and
proceedings hereunder, and all documents and other papers required to be
delivered by the Sellers and C&K hereunder, and the Seller's Related Agreements,
or in connection with the consummation of the transactions contemplated hereby,
and all other related matters, shall have been approved to the reasonable
satisfaction of Mandel, Weisman & Brodie, P.A., counsel to the Buyer, as to its
form and substance.

                  8.7 Stock Certificates. The Seller shall have executed and
delivered to the Buyer certificates representing all of the Shares, which shall
be duly endorsed for transfer to the Buyer (or accompanied by duly executed
assignments to the Buyer separate from such certificates and other supporting
documents or transfer) with signatures duly notarized and guaranteed, and all
necessary and required transfer, documentary or other taxes, if any, paid, which
certificates shall represent all of the issued and outstanding capital stock of
C&K, free and clear of all liens, security interests, charges, encumbrances and
claims or interests of others. Any certificate bearing any legend restricting
transfer of such shares or certificates referring to rights or interests of
others, shall be accompanied by a duly executed release of such restrictions.

                  8.8 Books and Records. Seller shall cause C&K to deliver to
Buyer all of the corporate minute books and records of C&K and the corporate
seal of C&K. Seller shall provide a duly certified audit to substantiate the
revenues as represented by Seller in Section 5.1 hereinabove.

                  8.9 Resignations. In consideration of the special expertise
and qualifications of Doron Sauer, he shall be designated as President of C&K,
and Executive Vice President of Buyer, effective as of the Closing, for the
purposes of, inter alia, reviewing all automotive transactions conducted by
Buyer.

                  8.10 Other Documents. The Seller and C&K, shall have delivered
at or prior to Closing all such certified resolutions, certificates,
instruments, documents or other papers as the Buyer, or its counsel, may
reasonably request or reasonably desire to carry out the intent and purpose of
this Agreement.

                  8.11 Audited Financial Statement. Seller shall, within
forty-five (45) days of the date of this Contract, Seller shall cause C&K to
have prepared audited consolidated balance sheets and statements of income,
changes in stockholders' equity and cash flow as of and for the fiscal years
ended December 31, 1999, December 31, 2000 and December 31, 2001 (the "Audited
Financial Statements"). The Audited Financial Statements (including the notes
thereto) will be prepared in accordance with generally accepted accounting
principles ("GAAP") applied on a consistent basis through the periods covered
thereby and present fairly the financial condition of C&K as of such dates and
the results of operations of C&K for such periods. The Audited Financial
Statements shall be consistent in all respects with the Most Recent Financial
Statements and Most Recent Month End Statement, as defined in Section 5.4
herein.

                  8.12. SEC Financial Statements. C&K and Seller shall file the
Audited Financial Statements and Month End Financial Statements, if applicable,
with the Securities and Exchange
                                       20
<PAGE>
Commission ("SEC") in accordance with SEC rules and regulations ("SEC Financial
Statements"). In connection therewith, the SEC Financial Statements shall comply
with SEC Regulations S-X as well as GAAP.

         9. Conditions Precedent to the Obligation of the Seller to Close. The
obligation of the Seller to enter into and complete the Closing is subject, at
the option of the Seller to the fulfillment on or prior to the Closing of the
following conditions, any one or more of which may be waived in their sole and
absolute discretion:

                  9.1 Representations. The representations and warranties of the
Buyer contained in this Agreement shall be true in all material respects as and
when made, and on and as of the Closing Date as if then made. The Buyer shall
have performed and complied with all covenants and agreements required by this
Agreement to be performed or complied with by it on or prior to the Closing
Date. The Buyer shall have delivered to the Seller a certificate, dated the
Closing Date and signed by an officer of the Buyer, to the foregoing effect and
stating that all conditions to the Seller's obligations hereunder have been
satisfied.

                  9.2 Governmental Permits and Approvals. Any and all permits
and approvals from any governmental or regulatory body required for the lawful
consummation of the Closing shall have been obtained.

                  9.3 Litigation. No action, suit or proceeding shall have been
instituted before any court or governmental or regulatory body, or instituted or
threatened by any governmental or regulatory body, to restrain, modify or
prevent the carrying out of the transactions contemplated hereby or to seek
damages or a discovery order in connection with such transactions, which has or
may have, in the reasonably justified opinion of the Seller, a materially
adverse effect on the business or financial condition of the Buyer.

                  9.4 Buyer's Related Agreements. Simultaneously with the
Closing, (a) DORON SAUER shall enter into and deliver to C&K an Employment
Agreement in the form attached hereto as Exhibit K.

                  9.5 Payments. The Buyer shall deliver to the Seller the
payment required by Section 2.

                  9.6 Other Documents. The Buyer shall have delivered at or
prior to Closing all such certified resolutions, certificates, instruments,
documents or other papers as the Seller, or its counsel, may reasonably request
or reasonably desire to carry out the intent and purpose of this Agreement.

                  9.7 Approval of Counsel to the Seller. All actions and
proceedings hereunder, and all documents and other papers required to be
delivered by the Buyer hereunder, and the Buyer's Related Agreements, or in
connection with the consummation of the transactions contemplated hereby, and
all other related matters, shall have been approved to the reasonable
satisfaction of Ian J. Hirsch, Esq., counsel to the Seller, as to its form and
substance.

         10. Survival of Representations and Warranties. The Buyer has the right
to, and does, rely fully upon the representations, warranties, covenants and
agreements of the Seller contained in this Agreement, or in any document
delivered to the Buyer by the Seller or C&K, or any of his or its
representatives, in connection with the transactions contemplated by this
Agreement, and the Seller has the right to, and do, rely fully upon the
representations, warranties, covenants and agreements of the Buyer contained in
this Agreement, or in any document delivered to the Seller or C&K by the Buyer
or any of its representatives, in connection with the transactions contemplated

                                       21
<PAGE>
by this Agreement. All such representations, warranties, covenants and
agreements subject only to the disclosures contained on the Schedules and
Exhibits attached hereto, shall survive the execution and delivery hereof and
the Closing hereunder.

         11. Indemnification.

                  11.1 Obligation of the Seller to Indemnify. The Seller shall,
without recourse to any Indemnitee (as hereinafter defined), each indemnify,
defend and hold harmless the Buyer, and its directors, officers, employees,
affiliates, agents and assigns, from and against any losses, liabilities,
damages, deficiencies, costs or expenses (including interest, penalties and
reasonable attorneys' fees and disbursements) ("Losses") based upon, arising out
of or otherwise due to:

                           (i) any inaccuracy in or any breach of any
representation, warranty, covenant or agreement of the Seller contained in this
Agreement or in any document or other writing delivered pursuant hereto;

                           (ii) any Liability or Indebtedness to which the Buyer
or C&K may become subject as a result of the transactions contemplated by this
Agreement which are not Disclosed Liabilities.

                  11.2 Obligation of the Buyer to Indemnify. The Buyer shall
indemnify, defend and hold harmless the Seller from and against any Losses based
upon, arising out of or otherwise due to any inaccuracy in or any breach of any
representation, warranty, covenant or agreement of the Buyer contained in this
Agreement or in any document or other writing delivered pursuant thereto.

                  11.3 Notice to Indemnifying Party. If any party (the
"Indemnitee") receives written notice of any actual or possible claim or
commencement of any action, or is allegedly obligated to provide Indemnification
(the "Indemnifying Party") pursuant to Section 11.1 or 11.2, the Indemnitee
shall give to the Indemnifying Party written notice thereof. Such notice shall
be a condition precedent to any liability of the Indemnifying Party under the
provisions for indemnification contained in this Agreement, and shall describe
the claim in reasonable detail and shall indicate the estimated amount of the
Loss, to the extent possible, that has been or may be sustained by the
Indemnitee. The Indemnifying Party may elect to compromise or defend, at such
Indemnifying Party's own expense, and by such Indemnifying Party's own counsel,
any such matter involving the asserted liability of the Indemnitee. If the
Indemnifying Party elects to compromise or defend such asserted liability, it
shall within 30 days (or sooner, if the nature of the asserted liability so
requires) notify the Indemnitee of its intent to do so and proceed with the
compromise or defense thereof in a timely manner so as not to prejudice the
interests of the Indemnitee, and the Indemnitee shall cooperate, at the expense
of the Indemnifying Party, in the compromise of, or defense against, any such
asserted liability, so long as such compromise or defense does not adversely
affect the past, present or future interests of the Indemnitee. If the
Indemnifying Party elects not to compromise or defend against the asserted
liability, or fails to notify the Indemnitee of its election to do so as and
when herein provided, the Indemnitee may pay, compromise or defend such asserted
liability, as it sees fit, after 15 days written notice to the Indemnifying
Party of its intention to do so. Notwithstanding the foregoing, neither the
Indemnifying Party nor the Indemnitee may settle or compromise any claim over
the objection of the other; provided, however, that consent to settlement or
compromise shall not be unreasonably withheld, and, provided further, that a
claim may be settled or compromised by the Indemnitee despite the objection of
the Indemnifying Party if the Indemnifying Party has failed to undertake to
settle, compromise or defend the claim as and when herein provided, or in a
manner which protects the interests of the Indemnitee. The Indemnitee and

                                       22
<PAGE>
the Indemnifying Party may each participate, at its own expense, in the defense
of such asserted liability. If the Indemnifying Party chooses to defend any
claim, the Indemnitee, at the expense of the Indemnifying Party, shall make
available to the Indemnifying Party any books, records or other documents within
its or his control that are necessary or appropriate for such defense.

         12. Offset. The Buyer shall at all times, and from time to time, have
the right to offset against any amounts otherwise due to the Seller, for or on
account of any matter or thing whatsoever, and whether arising under this
Agreement, the Employment Agreement or otherwise, any claim which the Buyer or
C&K may have against such of the Seller, for or by reason of the breach by such
Seller of any representation, warranty, covenant, or obligation of such of the
Seller under this Agreement, and the exercise of this right shall not constitute
or be deemed to be a failure of the Buyer or C&K to pay any sums due to the
Seller, and shall not entitle the Seller to declare a default. The exercise or
non-exercise of this right of offset shall not in any manner reduce or limit in
amount or nature, the Buyer's or C&K's rights and remedies against the Seller
except to the extent of any rightful offset pursuant to this Section 12. Until
such time as it shall be determined by the parties, or by an appropriate
tribunal if there is a dispute between the parties, that the Buyer or C&K has a
claim against the Seller, so that the Buyer or C&K may exercise the right of off
set as herein provided, the Buyer shall be entitled to withhold any payments
otherwise due to the Seller in an amount sufficient to permit the offset if and
when such claim is determined to exist, but if it is determined finally that
such claim does not exist, or exists in an amount less than the sums withheld
therefor, all or such portion of the sums withheld as is more than the amount of
the claim as finally determined, as the case may be, shall be paid to the
Seller, with interest at the rate of ten percent (10%) on the amount then paid
to the Seller.

         13. Restrictive Covenant. Seller acknowledges that (i) C&K has been and
is engaged in the acquisition and sale of exotic motor cars (collectively the
"Business"); (ii) the Business is now conducted principally in the entire United
States (the entire United States therefore being the "Area"), (iii) C&K has
developed trade secrets and confidential information concerning the Business,
(iv) the agreements and covenants contained in this Agreement are essential to
protect the property, Business and assets of C&K, and (v) Buyer would not
purchase the Shares but for the agreements and covenants contained in this
Agreement. Accordingly, Seller covenants and agrees as follows:

                  (a) In consideration for the payment of the Purchase Price to
Seller, for a period of three (3) years following the Closing (the "Restricted
Period"), neither Seller nor any entity in which a beneficial interest, directly
or indirectly, is held by or for Seller, or any member of his family (a
"Controlled Entity"), shall, anywhere in the Area, directly or indirectly: (i)
engage in the Business, (ii) enter the employ of, or render any services to, any
person or entity engaged in the Business, or (iii) become interested in any
person or entity engaged in the Business, in all cases directly or indirectly,
whether as a partner, owner, shareholder, employee, principal, agent, trustee,
consultant, advisor or in any other relationship or capacity or (iv) solicit any
business of, or do any business with, directly or indirectly, any person or
entity with which C&K has done any business within two (2) years prior to the
Closing, whether as a partner, owner, shareholder, employee, principal, agent,
trustee, consultant, advisor or in any other relationship or capacity; provided,
however, that Seller or a Controlled Entity, may own, directly or indirectly,
solely as an investment, securities of any entity traded on any national
securities exchange if Seller or Controlled Entity is not a controlling person
of, or a member of a group which controls, such person or entity and does not,
directly or indirectly, in the aggregate, own 1% or more of any class or
securities of such person or entity.

                                       23
<PAGE>
                  (b) Seller and Controlled Entity shall at all times keep
secret and retain in strictest confidence, and shall not use for the benefit of
themselves or others, except in connection with the business and affairs of C&K,
all information, whether trade secrets, valuable confidential business or
professional information that otherwise does not qualify as trade secrets or
which relates to customer or client goodwill associated with, or relating to,
the Business including, without limitation, "know-how," trade secrets, customer
lists, computer software programs, computer systems, computer information,
information as to relationships with suppliers, other markets and/or customers,
pricing policies, operational methods, marketing plans or strategies, business
development techniques or plans, business acquisition plans, new personnel
acquisition plans, methods of doing business, technical processes, projects, and
any and all other matters relating, pertaining or with respect to the Business,
at any time learned by or known to Seller or Controlled Entity, heretofore or
hereafter, and neither Seller nor Controlled Entity shall disclose it or them to
anyone other than C&K and its subsidiaries, its and their affiliates, nor may
Seller or Controlled Entity exploit to the detriment of C&K, relationships with
customers, suppliers, brokers, agents, producers, companies, governmental
agencies, consultants or advisors, contractors, employees or others with which
C&K has, may have or has had, a business or prospective business relationship at
any time.

                  (c) During the Restricted Period, Seller and Controlled Entity
shall not, directly or indirectly, hire, solicit or encourage to leave the
employment of C&K, or to terminate any relationship with C&K, any employee,
consultant or advisor of or for C&K, or hire any such employee, consultant or
advisor of or for C&K who has separated from or terminated his relationship with
C&K within six (6) months after any such termination or separation.

                  (d) All memoranda, notes, lists, records, reports and other
documents or other papers (and all copies thereof) including, without
limitation, items or information which may be stored in computer memories, on
microfiche or by other means, all work, computer source code, documentation and
rights, made or compiled by, for or on behalf of C&K, concerning the Business,
in the possession, custody or control of Seller, are and shall be the property
of C&K and shall be delivered to Buyer at the Closing hereunder.

                  (e) Seller acknowledges for himself and on behalf of any
Controlled Entity that the restrictions imposed by this Agreement (the
"Restrictive Covenants") are fair and reasonably required for the protection of
Buyer and C&K, and they agree that any actual or threatened violations by them,
or any of them, of the Restrictive Covenants, will cause irreparable harm and
damage to Buyer and C&K and that money damages will not provide an adequate
remedy to Buyer and C&K.

                  (f) In the event Seller or Controlled Entity breaches, or
threatens to breach, any of the provisions of the Restrictive Covenants, Buyer
and C&K, jointly and severally shall have the following rights and remedies,
each of which rights and remedies shall be independent of any others and
severally enforceable by Buyer or C&K and shall be in addition to, and not in
lieu of, any other rights and remedies available to Buyer and C&K at law or in
equity, all of which shall be cumulative: the right and remedy to have the
Restrictive Covenants specifically enforced by any court of competent
jurisdiction, the right and remedy to require the breaching party to account for
and pay over to Buyer and C&K all compensation, profits, monies, accruals,
increments or other benefits (collectively, the "Benefits") derived or received
by such party as the result of any transactions constituting a breach of the
Restrictive Covenants and the breaching party shall account for and pay over
such Benefits to Buyer and C&K.

                                       24
<PAGE>
                  (g) Seller for himself and on behalf of any Controlled Entity
acknowledges and agrees that the Restrictive Covenants are reasonable and valid
in geographic and temporal scope and in all other respects, but if any Court
determines that the geographic or temporal scope of the Restrictive Covenants is
too broad or too long, as the case may be, then the Court shall reform and
revise such geographic or temporal scope, as the case may be, so as to make the
same reasonable in breadth or length, and shall not determine that the same are
wholly invalid and unenforceable. If any Court determines that any of the
Restrictive Covenants, or any part thereof, are invalid or unenforceable, the
remainder of the Restrictive Covenants shall not thereby be affected and shall
be given full force and effect without regard to the invalid portions.

                  (h) The parties hereby confer jurisdiction to enforce the
Restrictive Covenants upon the Courts of any jurisdiction within the geographic
scope of the Restrictive Covenants. If the Courts of any one or more of such
jurisdictions hold the Restrictive Covenants unenforceable, it is the intention
and understanding of the parties hereto that such determination not bar or in
any way affect the right of C&K and/or Buyer, and its subsidiaries, its and
their affiliates, to the relief provided above in the Courts of any other
jurisdiction within the geographic scope of the Restrictive Covenants, and as to
breaches of the Restrictive Covenants in such other respective jurisdictions,
the Restrictive Covenants as they relate to each jurisdiction are, for this
purpose, severable into diverse and independent covenants.

         14. Publicity. No publicity release or announcement concerning this
Agreement, or the transactions contemplated hereby, shall be issued without
advance approval of the form and substance thereof by the Seller and the Buyer.

         15. Notices. Any notice or other communication required or which may be
given hereunder shall be in writing and shall be delivered personally, or sent
by certified or registered mail, return receipt requested, postage prepaid,
deemed given when so delivered personally, or if by mail then three (3) days
after the date of mailing, as follows:

                  (i)      if to Buyer to:
                           Mr. Marc Sporn
                           Associated Automotive Group, Inc.
                           2656 South Federal Highway
                           Delray Beach, FL 33483

                  with a copy to:
                  --------------

                           Mandel, Weisman & Brodie, P.A.
                           2101 Corporate Boulevard N.W., Suite 300
                           Boca Raton, Florida 33431
                           Attention:   William S. Weisman, Esq.

                  (ii)     if to Seller:
                           ------------

                           Mr. Doron Sauer
                           c/o C&K Auto Imports, Inc.
                           60 Railroad Avenue
                           Hasbrouck Heights, New Jersey

                                       25
<PAGE>
                  with a copy to:
                  --------------

                           Ian J. Hirsch, Esq.
                           20 Mercer Street
                           Hackensack, New Jersey 07601

Any party may change its address for receiving notice by a notice given in
accordance with this paragraph 15.

         16. Entire Agreement. This Agreement (including the Exhibits and
Schedules hereto) and the various agreements and documents executed in
connection with the consummation of the transactions contemplated hereby,
contain the entire agreement among the parties with respect to the purchase of
the Shares and related transactions, and supersede all prior agreements, written
or oral, with respect thereto, between the Buyer, the Seller and C&K. All
references to Sections, Paragraphs, Exhibits and Schedules shall be deemed
references to such parts of this Agreement, unless the context shall otherwise
require.

         17. Waivers and Amendments. This Agreement may be amended, modified,
superseded, canceled, renewed or extended, and the terms and conditions hereof
may only be waived by a written instrument signed by the parties or, in the case
of a waiver, the party waiving compliance. No delay on the part of any party in
exercising any right, power or privilege hereunder shall operate as a waiver
thereof, nor shall any waiver on the part of any party of any right, power or
privilege hereunder, nor any single or partial exercise of any right, power or
privilege hereunder, preclude any other or further exercise thereof or the
exercise of any other right, power or privilege hereunder. The rights and
remedies herein provided are cumulative and are not exclusive of any rights or
remedies any party may otherwise have at law or in equity. The rights and
remedies of any party based upon, arising out of, or otherwise in respect of,
any inaccuracy in or breach of any representation, warranty, covenant or
agreement contained in this Agreement, shall in no way be limited by the fact
that the act, omission, occurrence or other state of facts upon which any claim
of any such inaccuracy or breach is based may also be the subject matter of any
other representation, warranty, covenant or agreement contained in this
Agreement (or in any other agreement between the parties) as to which there is
no inaccuracy or breach.

                                       26
<PAGE>
         18. Binding Effect; No Assignment. This Agreement shall be binding upon
and inure to the benefit of the parties and its respective heirs, executors,
administrators, legal representatives, successors and assigns. This Agreement is
not assignable by the Buyer or Seller without the prior written consent of the
other party, except by operation of law.

         19. Variations in Pronouns. All pronouns and any variations thereof
refer to the masculine, feminine or neuter, singular or plural, as the identity
of the person, persons, entity or entities, may require.

         20. Counterparts. This Agreement may be executed in counterparts, each
of which shall be deemed an original but all of which together shall constitute
one and the same instrument.

         21. Exhibits and Schedules. The Exhibits and Schedules to this
Agreement are a part of this Agreement as if set forth in full herein.

         22. Headings. The headings in this Agreement are intended solely for
convenience of reference and shall be given no effect in the interpretation of
this Agreement.

         23. No Third Party Beneficiaries. Nothing herein, expressed or implied,
is intended or shall be construed to confer upon or give to any person or
entity, other than the parties hereto, any rights, remedies or other benefits
under or by reason of this Agreement, except as provided in Section 11.1 with
respect to the persons and entities which have the stated relationship to Buyer
and except as provided in Section 13 with respect to the entities which the
Restrictive Covenants are intended to benefit and which are entitled to seek
enforcement of the Restrictive Covenants.

                  [Remainder of page intentionally left blank]

                                       27
<PAGE>
           IN WITNESS WHEREOF, the parties have executed this Agreement on the
date first above written to be effective as of January 9, 2002.

WITNESSES                                         SELLER:

                                                  /s/ DORON SAUER
                                                  ---------------
                                                  DORON SAUER
______________________________________

Print Name: __________________________

______________________________________
Print Name: __________________________

                                                  ASSOCIATED AUTOMOTIVE GROUP,
                                                  INC., a Nevada corporation

______________________________________            By: /s/ David Jacoby
                                                  --------------------
Print Name: __________________________            Name: David Jacoby
                                                  Title: Vice President

______________________________________
Print Name: __________________________

                                       28
<PAGE>

                                  SCHEDULE 5.11
                                   LITIGATION

<PAGE>

                                 SCHEDULE 5.16A
                                 EXEMPT PROPERTY

<PAGE>

                                  SCHEDULE 5.17
                               INTANGIBLE PROPERTYEXHIBIT 10.10

Stillwater West PGM Venture Agreement, November 1, 2001             CONFIDENTIAL

                           STILLWATER WEST PGM VENTURE

                                    AGREEMENT

                             Dated November 1, 2001

                                     between

                      IDAHO CONSOLIDATED METALS CORPORATION

                                       and

                             FIRST CHOICE INDUSTRIES

                                       -i-
<PAGE>
                                TABLE OF CONTENTS
<TABLE>
<CAPTION>
<S>         <C>                                                                                                   <C>
Article 1.        DEFINITIONS.....................................................................................1
Article 2.        REPRESENTATIONS AND WARRANTIES; TITLE TO ASSETS.................................................4
   2.1.     CAPACITY OF PARTICIPANTS..............................................................................4
   2.2.     REPRESENTATIONS AND WARRANTIES RELATING TO PROPERTY...................................................5
   2.3.     REMEDIES FOR BREACH OF REPRESENTATIONS AND WARRANTIES OF TITLE TO THE PROPERTIES......................6
   2.4.     DISCLOSURES...........................................................................................7
   2.5.     RECORD TITLE..........................................................................................7

Article 3.        NAME, PURPOSES AND TERM.........................................................................7
   3.1.     GENERAL...............................................................................................7
   3.2.     NAME..................................................................................................7
   3.3.     PURPOSES..............................................................................................8
   3.4.     LIMITATION ...........................................................................................8
   3.5.     EFFECTIVE DATE AND TERM...............................................................................8

Article 4.        RELATIONSHIP OF THE PARTICIPANTS................................................................8
   4.1.     NO PARTNERSHIP........................................................................................8
   4.2.     U.S. AND STATE TAX ELECTIONS AND ALLOCATIONS .........................................................9
   4.3.     OTHER BUSINESS OPPORTUNITIES .........................................................................9
   4.4.     WAIVER OF RIGHT TO PARTITION ........................................................................10
   4.5.     TRANSFER OR TERMINATION OF RIGHTS TO PROPERTIES,.....................................................10
   4.6.     IMPLIED COVENANTS....................................................................................10

Article 5.        CONTRIBUTIONS BY PARTICIPANTS..................................................................10
   5.1.     PARTICIPANTS' INITIAL CONTRIBUTIONS..................................................................10
   5.2.     OBLIGATIONS PRIOR TO EARN-IN ........................................................................10
   5.3.     PAYMENTS BY FSD TO IDO:..............................................................................11
   5.4.     TERMINATION OF FSD'S OBLIGATION TO MAKE INITIAL CONTRIBUTION.........................................12
   5.5.     ADDITIONAL CASH CONTRIBUTIONS........................................................................12
   5.6.     EARN-IN .............................................................................................12
   5.7.     REPORTS..............................................................................................13

Article 6.        INTERESTS OF PARTICIPANTS: DEFAULTS AND REMEDIES...............................................13
   6.1.     PARTICIPATING INTERESTS .............................................................................13
   6.2.     ELECTIONS AT TIME OF EARN-IN.........................................................................13
   6.3.     DEEMED EXPENDITURES..................................................................................14
   6.4.     CHANGES IN PARTICIPATING INTERESTS...................................................................14
   6.5.     VOLUNTARY REDUCTION IN PARTICIPATION.................................................................14
   6.6.     DEFAULT IN MAKING CONTRIBUTIONS......................................................................15
   6.7.     CONVERSION OF INTEREST...............................................................................16
   6.8.     CONTINUING LIABILITIES UPON ADJUSTMENTS OF PARTICIPATING INTERESTS...................................16

Article 7.        MANAGEMENT COMMITTEE...........................................................................16
   7.1.     ORGANIZATION AND COMPOSITION.........................................................................16
   7.2.     DECISIONS............................................................................................17
   7.3.     MEETINGS.............................................................................................17
   7.4.     ACTION WITHOUT MEETING...............................................................................17
   7.5.     MATTERS REQUIRING APPROVAL...........................................................................18

                                      -ii-
<PAGE>
Article 8.        MANAGER........................................................................................18
   8.1.     APPOINTMENT..........................................................................................18
   8.2.     POWERS AND DUTIES OF MANAGER.........................................................................18
   8.3.     STANDARD OF CARE.....................................................................................21
   8.4.     RESIGNATION;.........................................................................................21
   8.5.     PAYMENTS TO MANAGER..................................................................................22
   8.6.     TRANSACTIONS WITH AFFILIATES.........................................................................22
   8.7.     ACTIVITIES DURING DEADLOCK...........................................................................23

Article 9.        PROGRAMS AND BUDGETS...........................................................................23
   9.1.     INITIAL PROGRAM AND BUDGET...........................................................................23
   9.2.     OPERATIONS PURSUANT TO PROGRAMS AND BUDGETS..........................................................23
   9.3.     PRESENTATION OF PROGRAMS AND BUDGETS.................................................................23
   9.4.     REVIEW AND APPROVAL OF PROPOSED PROGRAMS AND BUDGETS.................................................23
   9.5.     ELECTION TO PARTICIPATE..............................................................................24
   9.6.     DEADLOCK ON PROPOSED PROGRAMS AND BUDGETS............................................................24
   9.7.     BUDGET OVERRUNS; PROGRAM CHANGES.....................................................................24
   9.8.     EMERGENCY OR UNEXPECTED EXPENDITURES.................................................................24

Article 10.       ACCOUNTS AND SETTLEMENTS.......................................................................25
   10.1.    MATTERS OF ACCOUNTS AND SETTLEMENTS..................................................................25

Article 11.       DISPOSITION OF PRODUCTION......................................................................25
   11.1.    TAKING IN KIND.......................................................................................25
   11.2.    FAILURE OF PARTICIPANT TO TAKE IN KIND ..............................................................25

Article 12.       WITHDRAWAL AND TERMINATION.....................................................................26
   12.1.    TERMINATION BY EXPIRATION OR AGREEMENT ..............................................................26
   12.2.    WITHDRAWAL...........................................................................................26
   12.3.    CONTINUING OBLIGATIONS...............................................................................26
   12.4.    DISPOSITION OF ASSETS ON TERMINATION ................................................................26
   12.5.    RIGHT TO DATA AFTER TERMINATION .....................................................................27
   12.6.    CONTINUING AUTHORITY.................................................................................27
   12.7.    NON-COMPETE COVENANTS................................................................................27
   12.8.    MUTUAL WITHDRAWAL....................................................................................28
   12.9.    RIGHTS TO DATA AFTER TERMINATION ....................................................................28

Article 13.       SURRENDER OF PROPERTIES........................................................................28
   13.1.    SURRENDER OF PROPERTIES..............................................................................28
   13.2.    REACQUISITION........................................................................................28

Article 14.       TRANSFER OF INTEREST...........................................................................29
   14.1.    GENERAL..............................................................................................29
   14.2.    LIMITATIONS ON FREE TRANSFERABILITY .................................................................29
   14.3.    RIGHT OF FIRST REFUSAL...............................................................................30
   14.4.    EXCEPTIONS TO RIGHT OF FIRST REFUSAL.................................................................30

Article 15.       CONFIDENTIALITY AND RELEASES...................................................................31
   15.1.    GENERAL..............................................................................................31
   15.2.    EXCEPTIONS...........................................................................................31
   15.3.    DURATION OF CONFIDENTIALITY..........................................................................32

Article 16.       AREA OF INTEREST...............................................................................32

                                     -iii-
<PAGE>
   16.1.    ACQUISITIONS IN AREA OF INTEREST.....................................................................32

Article 17.       GENERAL PROVISIONS.............................................................................33
   17.1.    NOTICES..............................................................................................33
   17.2.    WAIVER...............................................................................................34
   17.3.    MODIFICATION.........................................................................................34
   17.4.    FORCE MAJEURE........................................................................................35
   17.5.    ECONOMIC FORCE MAJEURE...............................................................................35
   17.6.    GOVERNING LAW........................................................................................35
   17.7.    RULE AGAINST PERPETUITIES............................................................................36
   17.8.    FURTHER ASSURANCES...................................................................................36
   17.9.    SURVIVAL OF TERMS AND CONDITIONS.....................................................................36
   17.10.   ENTIRE AGREEMENT; SUCCESSORS AND ASSIGNS.............................................................36
   17.11.   MEMORANDUM...........................................................................................36
   17.12.   FUNDS................................................................................................36
</TABLE>
                                      -iv-
<PAGE>
                                LIST OF EXHIBITS

EXHIBIT A                                                             PROPERTIES

EXHIBIT B                                                  ACCOUNTING PROCEDURES

EXHIBIT C                                             NET SMELTER RETURN ROYALTY

EXHIBIT D                                                              INSURANCE

EXHIBIT E                                                       AREA OF INTEREST

EXHIBIT F                                             MINING DEED AND ASSIGNMENT

                                      -v-
<PAGE>
                                    AGREEMENT

THIS AGREEMENT, made effective as of November 1, 2001, is between IDAHO
CONSOLIDATED METALS CORPORATION ("IDO") with an address of P.O. Box 2210, Red
Lodge, Montana 59068 and FIRST CHOICE INDUSTRIES, LTD ("FSD") with an address of
Suite 101 - 5000 Bridge Street, Delta, British Columbia, Canada V4K 2K4.

                                    RECITALS

A.       IDO and FSD entered into a Memorandum of Understanding dated June 27,
         2001 agreeing to form a Joint Venture to explore and develop property
         leased by or owned by IDO.

B.       FSD wishes to participate with IDO in exploration, evaluation,
         development and mining of minerals within the property and IDO is
         willing to grant such right to FSD.

NOW, THEREFORE, in consideration of the covenants and agreements contained
herein, IDO and FSD agree as follows:

                             Article 1. DEFINITIONS

"Accounting Procedure" means the procedures set forth in Exhibit B.

"Affiliate" means any person, partnership, joint venture, corporation or other
form of enterprise which directly or indirectly controls, is controlled by, or
is under common control with, a Participant. For purposes of the preceding
sentence, "control" means possession, directly or indirectly, of the power to
direct or cause direction of management and policies through ownership of voting
securities, contract, voting trust or otherwise.

"Agreement" means this Joint Venture Agreement, including all amendments and
modifications thereof, and all schedules and exhibits, which are incorporated
herein by this reference.

"Area of Interest" means the Stillwater Complex of Montana as shown in Exhibit
E.

"Assets" means the Properties, Products and all other real and personal
property, tangible and intangible, held for the benefit of the Participants
hereunder.
                                      -1-
<PAGE>
"Budget" means a detailed estimate of all costs to be incurred by the
Participants with respect to a Program and a schedule of cash advances to be
made by the Participants.

"Commencement of Commercial Production" means the date upon which the production
and processing facilities developed under this Agreement achieve an ore
production and processing rate for a continuous thirty-day period equal to at
least seventy percent (70%) of the design rate established in a Feasibility
Study.

"Development" means all preparation for the removal and recovery of Products,
including the construction or installation of a mill or any other improvements
to be used for the mining, handling, milling, processing or other beneficiation
of Products, and all Exploration work conducted subsequent to a decision to
commence Development as contemplated by a Feasibility Study.

"Earn-In" means the date upon which FSD earns its interest in the Venture
pursuant to Section 5.6.

"Exploration" means all activities directed toward ascertaining the existence,
location, quantity, quality or commercial value of deposits of Products.

"Exploration Expenditures" means the cost of evaluation of the Properties,
defined as further exploring and developing the Properties, including drilling,
excavating and searching by recognized prospecting techniques, sampling,
assaying, testing and evaluating materials removed from the Properties, mapping,
plotting, surveying, constructing and maintaining camps, roads, works and
structures necessary to carry out such evaluation, sampling or testing, all
studies including but not limited to a Feasibility Study required to develop a
mine and all work that may be required in preparing a mine for operating, the
cost or payments to maintain the Properties, including costs to locate and/or
relocate the unpatented mining claims, Property acquisition costs, taxes and/or
fees to maintain Property and filings together with an allowance for overhead
and administrative expenses as described in Section 5.2.2. These expenditures
include both exploration costs as defined in Section 617 of the Internal Revenue
Service Code and development expenditures as defined in Section 616 of the
Internal Revenue Service Code.

"Feasibility Study" means a detailed study compiled by Manager or an independent
third party conducted to determine commercial feasibility and viability of
placing a prospective orebody or deposit into production and may include, but
not be limited to:

         (i)      such geophysical, geochemical, geological, aerial or other
                  survey as may be necessary to provide a reasonable estimate of
                  the quality and extent of the deposit;

         (ii)     such technical or assay reports as may be necessary to
                  evaluate any proposed method of extraction and processing;

         (iii)    the area required for optimum development of the orebody or
                  deposit;

                                      -2-
<PAGE>
         (iv)     a mine construction program setting forth the descriptions of
                  the work, permits, equipment, facilities, supplies and mines
                  required to bring the prospective orebody or deposits of
                  Products into Commercial Production, and the estimated costs
                  thereof or a schedule of expenditures by year of the costs
                  necessary to bring the project into production;

         (v)      details of a proposed annual program for initial development
                  of the deposit;

         (vi)     a plan for such reclamation of the Properties as is required
                  by law and the estimated costs hereof;

         (vii)    conclusions and recommendations regarding the economic
                  feasibility and timing for bringing the prospective orebody or
                  deposits of Products into Commercial Production, taking into
                  account items (i) through (vi) above;

         (viii)   such other information as the Management Committee may deem
                  appropriate to allow banking or other financial institutions
                  familiar with the mining business to make a decision to loan
                  funds sufficient to construct the proposed mine with security
                  based solely on the reserves and mine described in a
                  Feasibility Study.

"Initial Contribution" means that contribution each Participant has made or
agrees to make pursuant to Section 5.1.

"Joint Account" means the account maintained in accordance with the Accounting
Procedure showing the charges and credits accruing to the Participants.

"Management Committee" means the committee established under Article 7.

"Manager" means IDO during the Earn-In phase or the person or entity appointed
under Article 8 to manage Operations, or any successor Manager.

"Mining" means the mining, extracting, producing, handling, milling or other
processing of Products.

"Operations" means the activities carried out under this Agreement after
Earn-In.

"Participant" and "Participants" means the persons or entities that have a
Participating Interest.

"Participating Interest" means the percentage interest representing the
operating ownership interest of a Participant in Assets, and all other rights
and obligations arising under this Agreement, as such interest may from time to
time be adjusted hereunder. Participating Interests shall be calculated to three
decimal places and rounded to two (e.g., 1.519% rounded to 1.52%). Decimals of
..005 or more shall be rounded up to .01, decimals of less than .005 shall be
rounded down. The initial Participating Interests of the Participants are set
forth in 6.1.
                                      -3-
<PAGE>
"Prime Rate" means the prime interest rate quoted as "Prime" by the Wall Street
Journal as said rate may change from day to day (which quoted rate may not be
the lowest rate averaged on a month-to-month basis at which a financing
institution loans funds).

"Production Decision" means a decision by the Management Committee to commence
Development and put the Properties into production.

"Products" means all ores, minerals, and mineral resources produced from the
Properties prior to treatment. It also includes all concentrates, precipitates
and products produced from the Properties under this Agreement.

"Program" means a description in reasonable detail of the activities of the
Venture which are to be conducted by the Manager during a period.

"Properties" means that interest in property described in Exhibits A and all
other interests in real property acquired after November 1, 2001 and held
subject to this Agreement. "Simple Majority" means a decision by the Management
Committee by greater than 50% of the votes entitled to be cast.

"Transfer" means sell, grant, assign, encumber, pledge or otherwise commit or
dispose of.

"Venture" means the business arrangement of the Participants under this
Agreement.

           Article 2. REPRESENTATIONS AND WARRANTIES; TITLE TO ASSETS

2.1.     Capacity of Participants.

Each of the parties hereto represents and warrants as follows:

                                      -4-
<PAGE>

2.1.1.   That it is a corporation duly incorporated and in good standing in its
         state or province of incorporation and that it is qualified to do
         business and is in good standing in those jurisdictions where necessary
         in order to carry out the purposes of this Agreement;

2.1.2.   That it has the capacity to enter into and perform this Agreement and
         all transactions contemplated herein and that all corporate and other
         actions required authorizing it to enter into and perform this
         Agreement have been properly taken;

2.1.3.   That it will not breach any other agreement or arrangement by entering
         into or performing this Agreement; and

2.1.4.   That this Agreement has been duly executed and delivered by it and is
         valid and binding upon it in accordance with its terms

2.2.     Representations and Warranties Relating to Property.

     IDO makes the following representations and warranties effective the date
hereof:

2.2.1.         IDO has the full and exclusive right and power to act on behalf
               of IDO, and on behalf of any other interested person or entities,
               to enter into this Agreement and to grant the rights granted by
               IDO hereunder.

2.2.2.         To the best of its knowledge and belief with respect to
               unpatented mining claims set forth in Exhibit A and that are
               included within the Properties, subject to the paramount title of
               the United States and except as disclosed in writing to IDO:

         (i)      the unpatented mining claims were properly laid out and
                  monumented;

         (ii)     all required location and validation work was properly
                  performed;

         (iii)    location notices and certificates were properly recorded and
                  filed with appropriate governmental agencies;

         (iv)     the claims are free and clear of defects, liens and
                  encumbrances arising by, through or under IDO, except those of
                  record, state and federal environmental and development laws,
                  rules and regulations, or disclosed in writing to IDO as
                  listed in Exhibits F and G and in this Agreement and defects,
                  liens, and any such encumbrances that do not materially affect
                  IDO's rights under this Agreement;

         (v)      IDO has not received notice from anyone asserting conflicting
                  claims; and
                                      -5-
<PAGE>
         (vi)     The unpatented mining claims are in good standing and
                  compliance with all federal and state regulations in force as
                  of the effective date of this Agreement.

Nothing in this Section 2.2.2, however, shall be deemed to be a representation
or a warranty that any of the mining claims contains a discovery of minerals.

2.2.3.   IDO knows of no violation of any applicable federal, state, regional,
         or county law or regulation relating to zoning, land use, environmental
         protection, or otherwise with respect to the Properties or activities
         relating thereto; and,

2.2.4.   With respect to the Properties, IDO knows of no pending or threatened
         actions, suits, claims or proceedings.

2.2.5.   IDO has granted FSD access to all information concerning title to the
         Properties in IDO's possession or control, including but not limited
         to, true and correct copies of all leases, other contracts and
         abstracts relating to the Properties of which IDO has knowledge.

The representations and warranties set forth above shall survive the execution
and delivery of any documents of Transfer provided under this Agreement.

2.3.     Remedies for Breach of Representations and Warranties of Title to the
         Properties

2.3.1.   Loss of Title Any failure or loss of title to the Properties, and all
         costs of defending title, shall be charged to the Joint Account, except
         that all costs and losses arising out of or resulting from breach of
         the representations and warranties of IDO shall be charged to IDO and
         all such costs and losses arising out of gross negligence by FSD shall
         be charged to FSD. FSD shall have the right, but not the obligation, to
         undertake to cure such defects or to defend or to initiate litigation
         to defend such defects.

2.3.2.   Less than 100% Interest In the event it is determined that IDO controls
         less than the full undivided interest therein, IDO's interest hereunder
         shall bear the same proportion to 100% as its total actual interest
         bears to the full undivided whole.

2.3.3.   Third Party Claims

         (a)      If IDO fails to satisfy and discharge any mortgage, lien, tax
                  levy or encumbrance (an "Encumbrance") chargeable solely or in
                  part to IDO on the claims listed on Exhibit A or the
                  underlying agreements, or suffers or permits any Encumbrance
                  to be imposed upon such, FSD at its option may, but shall not
                  be obligated to, pay for and discharge any Encumbrance and set
                  off such payment by withholding and retaining from any
                  payments due IDO any

                                      -6-
<PAGE>
                  amounts so paid by FSD, without prejudice to any right of FSD
                  to recover from IDO the amount of such payment, in any manner
                  or by any remedy whatsoever, and FSD shall have all the rights
                  and remedies against IDO which the mortgagor, lienor or
                  creditor had immediately prior to the time of such payment.
                  Upon the request of FSD, IDO shall promptly make, execute,
                  acknowledge and deliver to FSD any and all instruments (in a
                  form and substance satisfactory to FSD) that FSD in its sole
                  judgment may deem necessary or desirable to fully effectuate
                  the provisions of this section 2.3.

         (b)      If any person or entity not a party hereto asserts to have a
                  claim of ownership in the claims listed on Exhibit A, or a
                  claim to a share in the production from the claims listed on
                  Exhibit A (an "Adverse Claim"), FSD at its sole discretion,
                  after written notice to IDO, may suspend its obligation to
                  make payments as provided herein, and in lieu thereof, may
                  deposit in an interest-bearing account payments equivalent to
                  payments which may otherwise become due IDO. Such deposit or
                  deposits shall remain in such interest-bearing account until
                  the claim or controversy is resolved or settled by final court
                  decision, by arbitration, negotiation or otherwise. When FSD
                  is required or elects to make any payments to such persons or
                  entities not a party hereto as a result of, or in settlement
                  of, any such Adverse Claim, either by way of contract,
                  settlement, compromise, final court judgment, or otherwise,
                  FSD may recover from, or credit against, any payments
                  thereafter becoming due IDO hereunder, the amount of such
                  payments of all other costs and expenses (including reasonable
                  attorneys fees) paid or incurred by FSD as a result of any
                  such Adverse Claim.

2.4.     Disclosures.

Each of the Participants represents and warrants that it is unaware of any
material facts or circumstances which have not been disclosed in this Agreement,
which would be disclosed to the other Participant in order to prevent the
representations in this Article 2 from being materially misleading.

2.5.     Record Title.

Title to the Assets shall be held by the Venture after FSD has earned its
interest.
                                      -7-
<PAGE>

                       Article 3. NAME, PURPOSES AND TERM

3.1.     General.

IDO and FSD hereby enter into this Agreement for the purposes hereinafter
stated, and they agree that all of their rights and all of the Operations on or
related to with the Properties shall be subject to and governed by this
Agreement. Name.

The name of this Venture shall be the Stillwater West PGM Venture. The Manager
shall accomplish any registration required by applicable assumed or fictitious
name statutes and similar statutes.

3.2.     Purposes.

This Agreement is entered into for the following purposes and for no others, and
shall serve as the exclusive means by which the Participants, or either of them,
accomplish such purposes:

i)       to conduct Exploration within the Properties,

ii)      to evaluate the possible Development of the Properties,

iii)     to engage in Development and Mining Operations on the Properties, if
         feasible.

iv)      to engage in marketing Products, but only to the extent permitted by
         Article 11, and

v)       to perform any other activity necessary, appropriate, or incidental to
         any of the foregoing.

3.3.     Limitation.
Unless the Participants otherwise agree in writing, the Operations shall be
limited to the purposes described in Section 3.2, and nothing in this Agreement
shall be construed to enlarge such purposes.

3.4.     Effective Date and Term.
The effective date of this Agreement shall be the date first recited above. The
term of this Agreement shall be for 20 years from the effective date and for so
long thereafter as Products are produced from the Properties, unless the
Agreement is earlier terminated as provided herein.

                  Article 4. RELATIONSHIP OF THE PARTICIPANTS

                                      -8-
<PAGE>
4.1.     No Partnership.

Nothing contained in this Agreement shall be deemed to constitute either
Participant the partner of the other, nor, except as otherwise herein expressly
provided, to constitute either Participant the agent or legal representative of
the other, nor to create any fiduciary relationship between them. It is not the
intention of the Participants to create, nor shall this Agreement be construed
to create, any mining, commercial or other partnership. Neither Participant
shall have any authority to act for or to assume any obligation or
responsibility on behalf of the other Participant, except as otherwise expressly
provided herein. The rights, duties, obligations and liabilities of the
Participants shall be several and not joint or collective. Each Participant
shall be responsible only for its obligations as herein set out and shall be
liable only for its share of the costs and expenses as provided herein, it being
the express purpose and intention of the Participants that their ownership of
Assets and the rights acquired hereunder shall be as tenants in common. Each
Participant, its directors, officers, employees, agents and attorneys shall be
indemnified from and against any and all losses, claims, damages and liabilities
arising out of any act or any assumption of liability by the indemnifying
Participant, or any of its directors, officers, employees, agents and attorneys
done or undertaken, or apparently done or undertaken, on behalf of the other
Participant, except pursuant to the authority expressly granted herein or as
otherwise agreed in writing between the Participants.

4.2.     U.S. and State Tax Elections and Allocations .

Without changing the effect of Section 4.1, the Participants agree that their
relationship shall constitute a tax partnership within the meaning of Section
761(a) of the United States Internal Revenue Code of 1986, as amended. The
parties hereto agree to execute or join in such instruments as are necessary to
make such election effective, and hereby authorize and direct Manager to take
such action as is necessary to effectuate such purpose, including filing of the
partnership tax return required by Treasury Regulation ss.1.761-2(b)(2). Each
party shall be entitled to claim all tax benefits, write-offs, and deductions
with respect to all and any costs which it has incurred.

The Participants also agree that, to the extent permissible under applicable
law, their relationship shall be treated for state income tax purposes in the
same manner as it is for federal income tax purposes.

The Manager shall be the Tax Matters Partner and shall prepare and file, after
approval of the Management Committee, any tax returns or other tax forms
required.

4.3.     Other Business Opportunities .

Except as expressly provided in this Agreement, each Participant shall have the
right independently to engage in and receive full benefits from business
activities, whether or not competitive with the Operations, without consulting
the other. The doctrines of "corporate

                                      -9-
<PAGE>
opportunity" or "business opportunity" shall not be applied to any other
activity, venture, or operation of either Participant. Unless otherwise agreed
in writing, no Participant shall have any obligation to mill, beneficiate or
otherwise treat any Products or any other Participant's share of Products in any
facility owned or controlled by such Participant, other than a facility
established to treat the Products of the Venture.

4.4.     Waiver of Right to Partition.

The Participants hereby waive and release all rights of partition, or of sale in
lieu thereof, or other division of Assets, including any such right provided by
statute.

4.5.     Transfer or Termination of Rights to Properties,

Except as otherwise provided in this Agreement, neither Participant shall
transfer all or any part of its interest in the Assets or this Agreement or
otherwise permit or cause such interest to terminate.

4.6.     Implied Covenants.

There are no implied covenants contained in this Agreement other than those of
good faith and fair dealing.

                    Article 5. CONTRIBUTIONS BY PARTICIPANTS

5.1.     Participants' Initial Contributions.

IDO, as its Initial Contribution, hereby contributes the Properties described in
Exhibit A to the purposes of this Agreement. FSD, as its Initial Contribution,
shall contribute the Exploration Expenditures and payment as hereinafter set
forth. All expenditures and payments in United States dollars.

5.2.     Obligations Prior to Earn-In.

Prior to earning its interest in the Venture, and subject to the termination
provisions contained herein, FSD shall be required, but not obligated to make
the following Exploration Expenditures on or for the benefit of the Properties
to extend this Agreement into the next period.

5.2.1.   Annual and Cumulative Exploration Expenditures Commitment:

                                      -10-
<PAGE>
FSD shall expend, as a minimum, the following annual and cumulative Exploration
Expenditures:

Year         Annual Expenditure            Cumulative Expenditure
One          $0                            $0
Two          $75,000                       $75,000
Three        $150,000                      $225,000
Four         $200,000                      $425,000
Total        $425,000

Year 1 for purposes of calculating annual expenditures shall end on December 31,
2002 and each subsequent year will end on December 31.

5.2.2.   Overhead Charges During Earn-In. Ten percent (10%) of all Exploration
         Expenditures, except property payments, taxes and/or fees to maintain
         the Properties, to cover IDO's overhead and administrative costs shall
         be charged by IDO and shall qualify as Exploration Expenditures This
         overhead charge is the same as overhead chargeable in accordance with
         the Accounting Procedure.

5.2.3.   Carryforward of Excess Cumulative Exploration Expenditures. All
         Exploration Expenditures shall be cumulative and any Exploration
         Expenditures in excess of the minimum required in any period shall be
         credited and applied toward any Exploration Expenditures required in
         any subsequent period.

5.2.4.   Maintenance of Properties During Earn-In. During the Earn-in period FSD
         shall be responsible for maintaining the underlying agreements in good
         standing and for maintaining the unpatented lode claims which comprise
         the Properties and may relocate any of the unpatented claims which FSD
         believes may be defective.

5.3.     Payments by FSD to IDO:

5.3.1.   Payment at Closing. Upon execution of this Agreement, FSD shall pay
         Fifty Five Thousand Dollars ($55,000) to IDO. A second payment in the
         amount of One hundred and Thirty Five Thousand ($135,000) shall be made
         on or before May 31, 2002 to IDO from FSD. These payments total
         $190,000.

5.3.2.   Annual Payment of Stock. Upon signature of this Agreement and on each
         of the following four anniversary dates, FSD shall issue shares of
         FSD's unrestricted, registered common stock subject to CDNX approval;
         to IDO as listed in the following table, to keep this Agreement in good
         standing. Said stock will be delivered by November 30 of each year
         commencing on November 30, 2001 or upon termination by FSD, whichever
         occurs sooner.

FSD shall issue, the following annual and cumulative unrestricted common stock:

                                      -11-
<PAGE>
Year                  Annual Shares                Cumulative Shares
Upon Signing          200,000                      200,000
Two                   250,000                      450,000
Three                 250,000                      700,000
Four                  250,000                      950,000
Total                 950,000

5.4.     Termination of FSD's Obligation to Make Initial Contribution.

FSD may terminate this Agreement at any time during the Earn-In period for any
reason or no reason by providing IDO sixty (60) days written notice of such
termination. Until FSD has earned its interest in the Venture, FSD shall have
complete discretion in conducting exploration activities, maintaining the
Properties and shall conduct operations according to its own plans. FSD shall
hold IDO harmless from any liabilities resulting from FSD's activities on the
Properties during the Earn-In period.

Upon FSD's termination under the provisions of this Section 5.4, FSD shall have
no further right, title or interest in the Venture. FSD's withdrawal shall be
effective upon such failure, but such withdrawal shall not relieve FSD of its
obligation to fund and satisfy any liabilities to third persons incurred or
payments due to IDO prior to FSD's withdrawal.

5.5.     Additional Cash Contributions.

At such time as FSD has earned its forty percent (40%) interest in the Venture,
pursuant to Sections 5.2 and 5.3, the Participants, subject to any election
permitted by Sections 6.1, 6.2, and 6.3, shall be obligated to contribute funds
to adopted Programs and Budgets in proportion to their respective Participating
Interest.

5.6.     Earn-In.

FSD shall earn a forty percent (40%) Participating Interest in the Venture upon
completion of the Exploration Expenditures and payments set forth under Section
5.2. If FSD expends the $425,000 commitment in Section 5.2 prior to the end of
year four, made payments to IDO totaling $190,000 prior to May 31, 2002 pursuant
to Section 5.3.1, and issued 950,000 shares of unrestricted, registered common
stock of FSD pursuant to Section 5.3.2 prior to the end of year four, it will be
deemed to have earned its Participating Interest at that time. Except as
provided for in Section 6.2, subsequent to FSD earning a forty percent (40%)
interest in the Venture, all expenditures for the benefit of the Properties
shall be contributed by the Parties in accordance to their Participating
Interest. Immediately upon FSD satisfying its Earn-In requirements under
Sections 5.2 and 5.3, IDO shall execute and deliver to FSD such documents as are
listed in Exhibit F that are necessary to transfer IDO's interest in and to the
Properties to the Venture. FSD shall issue and deliver to IDO the balance of the
950,000
                                      -12-
<PAGE>
shares of FSD common stock not previously issued pursuant to Section 5.3.2 at
the time FSD has earned its Participating Interest.

5.7.     Reports.

FSD shall, during the Earn-In period, provide IDO with copies of periodic
reports describing its activities on the Properties and shall conduct a
semi-annual review with IDO to discuss the progress FSD has made during the
preceding period as well as the plans and programs being contemplated for the
next period.

          Article 6. INTERESTS OF PARTICIPANTS: DEFAULTS AND REMEDIES

6.1.     Participating Interests.

FSD shall have no Participating Interest unless and until it has completed the
Exploration Expenditures set forth in Section 5.2 and the payments and share
issuances set forth in section 5.3 during the Earn-In period. The Participants
shall have the following Participating Interests upon FSD's completion of the
obligations set forth in Sections 5.2, and 5.3:

FSD      - 40%

IDO      - 60%

6.2.     Elections at Time of Earn-In.

At such time as FSD completes the obligations set forth in Sections 5.2, and 5.3
and has earned its forty percent (40%) Participating Interest in the Venture,
IDO and FSD shall have a period of sixty (60) days to do the following:

i)       FSD can elect to acquire an additional ten percent (10%) interest in
         the Venture by making one cash payment of Two Million Five Hundred
         Thousand dollars ($2,500,000) to IDO.

ii)      elect to continue to participate in the Venture and contribute to each
         Program and Budget for their entire respective Participating Interest,
         or

iii)     to elect to withdraw from the Venture and convert to a Net Smelter
         Return as set out in Exhibit C.

                                      -13-
<PAGE>
In no event shall the cumulative Net Smelter Return payable to the withdrawing
party, whether one or more, exceed an aggregate of three percent (3%).

6.3.     Deemed Expenditures.

i)       At 40% Earn-In FSD and IDO shall, irrespective of their actual
         expenditures on or with respect to the Properties, be deemed to have
         incurred expenditures as follows:

FSD      $425,000

IDO      $637,500

ii)      If FSD elects to acquire an additional ten percent (10%) participating
         interest pursuant to 6.2 i), then FSD and IDO shall be deemed to have
         incurred expenditures as follows:

FSD      $2,925,000

IDO      $2,925,000

6.4.     Changes in Participating Interests.

A Participant's Participating Interest shall be changed as follows:

i)       As provided in Sections 6.2 or 6.7; or

ii)      Upon an election by a Participant pursuant to Section 6.5 to contribute
         less to an adopted Program and Budget than the percentage reflected by
         its Participating Interest; or

iii)     In the event of default by a Participant in making its agreed-upon
         contribution to an adopted Program and Budget; or

iv)      Transfer by a Participant of less than all its Participating Interest
         in accordance with Article 14; or

v)       Acquisition of less than all of the Participating Interest of the other
         Participant, however arising.

                                      -14-
<PAGE>
6.5.     Voluntary Reduction in Participation.

Except with respect to a Participant's obligation to make its Initial
Contribution, as to which no election is permitted, a Participant may elect, as
provided in Section 9.5, to limit its contributions to an adopted Program and
Budget as follows:

i)       To some lesser amount than its respective Participating Interest; or

ii)      Not at all.

If a Participant elects to contribute to an adopted Program and Budget some
lesser amount than its respective Participating Interest, or not at all, the
Participating Interest of that Participant shall be recalculated at the time of
election by dividing:

i)       the sum of

         (a)      the value of the Participant's Initial Contribution as per
                  Section 6.3,

         (b)      the total of all of the Participant's contributions under
                  Section 5.3, and

         (c)      the amount, if any, the Participant elects to contribute to
                  the adopted Program and Budget;

by

ii)      the sum of (a), (b) and (c) above for all Participants;

and then multiplying the result by one hundred.

The Participating Interest of the other Participant shall thereupon become the
difference between 100% and the recalculated Participating Interest.

6.6.     Default in Making Contributions.

If a Participant defaults in making a contribution or cash call required by an
approved Program and Budget, the non-defaulting Participant may advance the
defaulted contribution on behalf of the defaulting Participant and treat the
same, together with any accrued interest, as a demand loan bearing interest from
the date of the advance at the Prime Rate plus two percent (2%) compounded
quarterly. The failure to repay said loan upon demand shall be a default. Each
Participant hereby grants to the other a lien upon its interest in the Venture
and the Properties and a security interest in its rights under this Agreement
and in its Participating Interest in other

                                      -15-
<PAGE>
Assets, and the proceeds therefrom, to secure any loan made hereunder, including
interest thereon, reasonable attorneys' fees and all other reasonable costs and
expenses incurred in recovering the loan with interest and in enforcing such
lien or security interest, or both. A non-defaulting Participant may elect the
applicable remedy under this Section 6.6, or, to the extent a Participant has a
lien or security interest under applicable law, it shall be entitled to its
rights and remedies at law and in equity. All such remedies shall be cumulative.
The election of one or more remedies shall not waive the election of any other
remedies. Each Participant hereby irrevocably appoints the other its
attorney-in-fact to execute, file and record all instruments necessary to
perfect or effectuate the provisions hereof.

6.7.     Conversion of Interest.

If at any time the Participating Interest of a Participant is reduced to ten
percent (10%) or less by an affirmative election not to contribute all or some
portion of its share pursuant to a Program and Budget as provided in Article 9,
the diluted Participant shall be deemed to have withdrawn from the Venture and
this Agreement shall terminate; provided, however, if FSD is the diluting
Participant, FSD shall have the right to receive an amount equal to one hundred
and fifteen percent (115%) of FSD's actual or deemed expenditures contributed
hereunder, whichever is greater only from a three percent (3%) of Net Smelter
Return Royalty, as set out in Exhibit C. Upon receipt of such amount FSD shall
thereafter have no further right, title, or interest under this Agreement or in
the Assets. If IDO is the diluting participant, IDO shall have a three percent
(3%) Net Smelter Return Royalty in perpetuity, as set out in Exhibit C.

6.8.     Continuing Liabilities Upon Adjustments of Participating Interests.

Any reduction of a Participant's Participating Interest under this Article 6
shall not relieve such Participant of its share of any liability, whether it
accrued before or after such reduction, arising out of Operations conducted
prior to such reduction. For purposes of this Article 6, such Participant's
share of such liability shall be equal to its Participating Interest at the time
such liability was incurred. The increased Participating Interest accruing to a
Participant as a result of the reduction of the other Participant's
Participating Interest shall be free of royalties, liens or other encumbrances
arising by, through or under such other Participant, other than those existing
at the time the Properties were acquired or those to which both Participants
have given their written consent. An adjustment to a Participating Interest need
not be evidenced during the term of this Agreement by the execution and
recording of appropriate instruments, but each Participant's Participating
Interest shall be shown in the books of the Manager. However, either
Participant, at any time upon the request of the other Participant, shall
execute and acknowledge instruments necessary to evidence such adjustment in
form sufficient for recording in the jurisdiction where the Properties are
located.

                                      -16-
<PAGE>
                        Article 7. MANAGEMENT COMMITTEE

7.1.     Organization and Composition.

Prior to completion of FSD's' Earn-In and the election by IDO and FSD to
participate in the Venture as provided in Section 6.2, the Participants shall
establish a Management Committee to determine overall policies, objectives,
procedures, methods and actions under this Agreement. The Management Committee
shall consist of one member appointed by FSD and one member appointed by IDO.
Each Participant may appoint one or more alternates to act in the absence of a
regular member. Any alternate so acting shall be deemed a member. Appointments
shall be made or changed by notice in writing to the other Participant.

7.2.     Decisions.

Prior to completion of FSD's Earn-In, each Participant, acting through its
appointed member(s), shall have an equal vote. In the event of a deadlock, the
Manager shall hold the deciding vote. After completion of FSD's Earn-In, each
Participant shall have a vote equal to its Participating Interest in the
Venture. Decisions of the Management Committee shall be decided by Simple
Majority of the Participating Interests.

7.3.     Meetings.

The Management Committee shall hold regular meetings at least annually at
mutually agreed places. The Manager shall give thirty (30) days' written notice
to the Participants of such regular meetings. Additionally, either Participant
may call a special meeting upon thirty (30) days' written notice to the Manager
and the other Participant. In case of emergency, reasonable notice of a special
meeting shall suffice. There shall be a quorum if at least one member
representing each Participant is present. The Management Committee shall not
transact any business at a meeting unless a quorum is present at the
commencement of the meeting. If a quorum is not present at the commencement of
the meeting or within one-half hour after the time fixed for the commencement of
the meeting, the meeting shall be adjourned to the same time and day of the next
week at the same place. If a quorum is not present at the commencement of the
adjourned meeting, one representative shall be deemed to constitute a quorum.
Each notice of a meeting shall include an itemized agenda and detailed back-up
information prepared by the Manager in the case of a regular meeting, or by the
Participant calling the meeting in the case of a special meeting, but any
matters may be considered with the consent of all Participants. The Manager
shall prepare minutes of all meetings and shall distribute copies of such
minutes to the Participants within thirty (30) days after the meeting. The
minutes, when signed by all Participants, shall be the official record of the
decisions made by the Management Committee and shall be binding on the Manager
and the Participants. If personnel employed in Operations are required to attend
a Management Committee meeting,
                                      -17-
<PAGE>
reasonable costs incurred in connection with such attendance shall be a Venture
cost. All other costs shall be paid by the Participants individually.

7.4.     Action Without Meeting.

In lieu of meetings, the Management Committee may hold telephone conferences, so
long as all decisions are immediately confirmed in writing by the Participants.

7.5.     Matters Requiring Approval.

Except as otherwise delegated to the Manager in Section 8.2, the Management
Committee shall have exclusive authority to determine all management matters
related to this Agreement.

                               Article 8. MANAGER
8.1.     Appointment

Following signature of this Agreement, IDO shall be the initial Manager.

8.2.     Powers and Duties of Manager.

Subject to the terms and provisions of this Agreement, the Manager shall have
the following powers and duties which shall be discharged in accordance with
adopted Programs and Budgets:

8.2.1.   The Manager shall manage, direct and control Operations.

         8.2.2.   The Manager shall implement the decisions of the Management
                  Committee, shall make all expenditures necessary to carry out
                  adopted Programs and Budgets, and shall promptly advise the
                  Management Committee if it lacks sufficient funds to carry out
                  its responsibilities under this Agreement.

         8.2.3.   The Manager shall:

                  i)       Purchase or otherwise acquire all material, supplies,
                           equipment, water, utility and transportation services
                           required for operations, such purchases and
                           acquisitions to be made on the best terms available,
                           taking into account all of the circumstances;

                                      -18-
<PAGE>
                  ii)      Obtain such customary warranties and guarantees as
                           are available in connection with such purchases and
                           acquisitions; and

                  iii)     Keep the assets free and clear of all liens and
                           encumbrances, except for those existing at the time
                           of, or created concurrent with, the acquisition of
                           such assets, or mechanic's or materialmen's liens
                           which shall be released of discharged in a diligent
                           manner, or liens and encumbrances specifically
                           approved by the Management Committee.

         8.2.4.   The Manager shall conduct such title examinations and cure
                  such title defects as may be advisable in the reasonable
                  judgment of the Manager.

         8.2.5.   The Manager shall:

                  i)       make or arrange for all payments required by leases,
                           licenses, permits, contracts and other agreements
                           related to the Assets;

                  ii)      pay all taxes, assessments and like charges on
                           Operations and Assets except taxes determined or
                           measured by a Participant's sales revenue or net
                           income. If authorized by the Management Committee,
                           the Manager shall have the right to contest in the
                           courts or otherwise, the validity or amount of any
                           taxes, assessments or charges if the Manager deems
                           them to be unlawful, unjust, unequal or excessive, or
                           to undertake such other steps or proceedings as the
                           Manager may deem reasonably necessary to secure a
                           cancellation, reduction, readjustment or equalization
                           thereof before the Manager shall be required to pay
                           them, but in no event shall the Manager permit or
                           allow title to the Assets to be lost as the result of
                           the nonpayment of any taxes, assessments or like
                           charges; and

                  iii)     shall do all other acts reasonably necessary to
                           maintain the Assets.

         8.2.6.   The Manager shall:

                  i)       apply for all necessary permits, licenses and
                           approvals;

                  ii)      comply with applicable federal, provincial, municipal
                           and local laws and regulations;

                  iii)     notify promptly the Management Committee of any
                           allegations of substantial violation thereof; and

                  iv)      prepare and file all reports or notices required for
                           Operations.

                                      -19-
<PAGE>
The Manager shall not be in breach of this provision if a violation has occurred
in spite of the Manager's good faith efforts to comply, and the Manager has
timely cured or disposed of such violation through performance, or payment of
fines and penalties.

         8.2.7.   The Manager shall prosecute and defend, but shall not initiate
                  without consent of the Management Committee, all litigation or
                  administrative proceedings greater than $50,000 arising out of
                  Operations. The non-managing Participant shall have the right
                  to participate, at its own expense, in such litigation or
                  administrative proceedings. The non-managing Participant's
                  approval shall be required in advance of any settlement
                  involving payments, commitments or obligations, if the
                  non-managing Participant's share is in excess of Twenty-Five
                  Thousand Dollars ($25,000) in cash or value.

         8.2.8.   The Manager shall provide insurance for the benefit of the
                  Participants as provided in Exhibit D.

         8.2.9.   The Manager may dispose of Assets, whether by release,
                  abandonment, surrender or Transfer in the ordinary course of
                  business, except that Properties may be released, abandoned or
                  surrendered only as provided in Article 13. However, without
                  prior authorization from the Management Committee, the Manager
                  shall not:

                  i)       dispose of Assets in any one transaction having a
                           value in excess of $250,000:

                  ii)      enter into any sales contracts or commitments for
                           Product, except as permitted in Section 11.2;

                  iii)     begin a liquidation of the Venture; or

                  iv)      dispose of all or a substantial part of the Assets
                           necessary to achieve the purposes of the Venture.

         8.2.10.  The Manager shall have the right to carry out its
                  responsibilities hereunder through agents, affiliates or
                  independent contractors.

         8.2.11.  The Manager shall be obligated to perform or cause to be
                  performed during the term of this Agreement all obligations
                  required by law in order to maintain the Properties which
                  obligations shall be included in Programs and Budgets.

                                      -20-
<PAGE>
         8.2.12.  The Manager shall keep and maintain all required accounting
                  and financial records pursuant to the Accounting Procedure and
                  in accordance with customary cost accounting practices in the
                  mining industry.

         8.2.13.  The Manager shall keep the Management Committee advised of all
                  Operations by submitting in writing to the Management
                  Committee:

                  i)       monthly progress reports which include statements of
                           expenditures and comparisons of such expenditures to
                           the adopted Budget;

                  ii)      periodic summaries of data acquired;

                  iii)     copies of reports concerning Operations;

                  iv)      a detailed final report within forty-five (45) days
                           after completion of each Program and Budget, which
                           shall include comparisons between actual and budgeted
                           expenditures and comparisons between the objectives
                           and results of Programs; and

                  v)       such other reports as the Management Committee may
                           reasonably request.

At all reasonable times the Manager shall provide the Management Committee or
the representative of any Participant, upon the request of any member of the
Management Committee, access to, and the right to inspect and copy all maps,
drill logs, core tests, reports, surveys, assays, analyses, production reports,
operations, technical, accounting and financial records, and other information
acquired in Operations. In addition, the Manager shall allow the non-managing
Participant, at the latter's sole risk and expense, and subject to reasonable
safety regulations, to inspect the Assets and Operations at all reasonable
times, so long as the inspecting Participant does not unreasonably interfere
with Operations.

         8.2.14.  The Manager shall undertake all other activities reasonably
                  necessary to fulfill the foregoing.

The Manager shall not be in default of any duty under this Section 8.2 if its
failure to perform results from the failure of the non-managing Participant to
perform acts or to contribute amounts required of it by this Agreement.

8.3.     Standard of Care

The Manager shall conduct all Operations in a good, workmanlike and efficient
manner, in accordance with all applicable laws, sound mining and other
applicable industry standards and practices, and in accordance with the terms
and provisions of leases, licenses, permits, contracts and other agreements
pertaining to Assets. The Manager shall not be liable to the non-managing
Participant for any act or omission resulting in damage or loss except to the
extent caused by or attributable to the Manager's willful misconduct or gross
negligence.

8.4.     Resignation;

Deemed Offer to Resign. The Manager may resign upon thirty (30) days prior
notice to the other Participant. If any of the following shall occur, the
Manager shall be deemed to have offered to resign, which offer shall be accepted
by the other Participant, if at all, within ninety (90) days following such
deemed offer:
                                      -21-
<PAGE>
         8.4.1.   The Participating Interest of the Manager becomes less than
                  fifty percent (50%); or

         8.4.2.   The Manager fails to perform a material obligation imposed
                  upon it under this Agreement and such failure continues for a
                  period of thirty (30) days after written notice from the other
                  Participant demanding performance; or

         8.4.3.   The Manager fails to pay or contest in good faith its bills
                  within thirty (30) days after receiving written notice that
                  they are due; or

         8.4.4.   A receiver, liquidator, assignee, custodian, trustee,
                  sequestrator or similar official for a substantial part of its
                  assets is appointed and such appointment is neither made
                  ineffective nor discharged within sixty (60) days after
                  receiving written notice of the making thereof, or such
                  appointment is consented to, requested by, or acquiesced in by
                  the Manager; or

         8.4.5.   The Manager commences a voluntary case under any applicable
                  bankruptcy, insolvency or similar law now or hereafter in
                  effect; or consents to the entry of an order for relief in an
                  involuntary case under any such law or to the appointment of
                  or taking possession by a receiver, liquidator, assignee,
                  custodian, trustee, sequestrator or other similar official of
                  any substantial part of its assets; or makes a general
                  assignment for the benefit of creditors; or fails generally to
                  pay its or Venture debts as such debts become due; or takes
                  corporate or other action in furtherance of any of the
                  foregoing; or

         8.4.6.   Entry is made against the Manager of a judgment, decree or
                  order for relief affecting a substantial part of its assets by
                  a court of competent jurisdiction in an involuntary case
                  commenced under any applicable bankruptcy, insolvency or other
                  similar law of any jurisdiction now or hereafter in effect.

8.5.     Payments to Manager.

The Manager shall be compensated for its services and reimbursed for its costs
hereunder in accordance with the Accounting Procedure.

8.6.     Transactions With Affiliates.

If the Manager engages Affiliates to provide services hereunder, it shall do so
on terms no more favorable than would be the case with unrelated persons in
arm's-length transactions.
                                      -22-
<PAGE>
8.7.     Activities During Deadlock.

If the Management Committee for any reason fails to adopt a Program and Budget,
subject to the contrary direction of the Management Committee and to the receipt
of necessary funds, the Manager shall continue Operations at levels comparable
with the last adopted Program and Budget. For purposes of determining the
required contributions of the Participants and their respective Participating
Interests, the last adopted Program and Budget shall be deemed extended.

                        Article 9. PROGRAMS AND BUDGETS

9.1.     Initial Program and Budget.

The initial Program and Budget will be provided by the Management Committee
within ninety (90) days of FSD's Earn-In.

9.2.     Operations Pursuant to Programs and Budgets.

Except as otherwise provided in Section 9.8 and Article 16, Operations shall be
conducted, expenses shall be incurred, and Assets shall be acquired only
pursuant to approved Programs and Budgets.

9.3.     Presentation of Programs and Budgets.

Proposed Programs and Budgets shall be prepared by the Manager for a period of
up to one year. Each adopted Program and Budget, regardless of length, shall be
reviewed at least once a year at the annual meeting of the Management Committee.
During the period encompassed by any Program and Budget, and at least two months
prior to its expiration, a proposed Program and Budget for the succeeding period
shall be prepared by the Manager and submitted to the Management Committee.

9.4.     Review and Approval of Proposed Programs and Budgets.

Within thirty (30) days after submission of a proposed Program and Budget to the
Management Committee, the Management Committee shall:

         i)       Approve the proposed Program and Budget; or

         ii)      Propose modifications of the proposed Program and Budget; or

                                      -23-
<PAGE>
         iii)     Reject the proposed Program and Budget.

If the Management Committee makes the elections pursuant to Section 9.4 ii) or
9.4 iii), then the Manager will review the modifications and/or any
recommendations of the Management Committee and will resubmit a Program and
Budget within thirty (30) days.

9.5.     Election to Participate

By written notice to the Management Committee within thirty (30) days after
approving a Program and Budget except as provided for in Section 6.1, a
Participant may elect to contribute to such Program and Budget in an amount
equal to its Participating Interest or a lesser amount as provided for in
Section 6.5. If a Participant fails to so notify the Management Committee, the
Participant shall be deemed to have elected not to contribute to such Program
and Budget and the provisions of Section 6.4 shall apply. If a Participant
elects not to participate in the Program and Budget and the other Participant
elects to contribute to the Program and Budget the provisions of Section 6.5
shall apply.

9.6.     Deadlock on Proposed Programs and Budgets.

If the Participants, acting through the Management Committee, fail to approve a
Program and Budget by the beginning of the period to which the proposed Program
and Budget applies, the provisions of Section 8.7 shall apply.

9.7.     Budget Overruns; Program Changes.

The Manager shall immediately notify the Management Committee of any material
departure from an adopted Program and Budget. If the Manager exceeds an adopted
Budget by more than ten percent (10%), then such excess over ten percent (10%)
shall be for the sole account of the Manager, not creditable to the calculation
of Participating Interests, unless such excess amount is directly caused by an
emergency or unexpected expenditure made pursuant to Section 9.8 or is otherwise
authorized by the approval of the Management Committee. Budget overruns of ten
percent (10%) or less shall be borne by the Participants in proportion to their
respective Participating Interests as of the time the overrun occurs.

9.8.     Emergency or Unexpected Expenditures.

In case of emergency, the Manager may take any reasonable action it deems
necessary to protect life, limb or property, to protect the Assets or to comply
with law or government regulation. The Manager may also make reasonable
expenditures for unexpected events which are beyond its reasonable control and
which do not result from a breach by it of its standard of care. The Manager
shall promptly notify the Participants of the emergency or unexpected

                                      -24-
<PAGE>
expenditures, and the Manager shall be reimbursed for all resulting costs by the
Participants in proportion to their respective Participating Interests at the
time the emergency or unexpected expenditures are incurred.

                      Article 10. ACCOUNTS AND SETTLEMENTS

10.1.    Matters of Accounts and Settlements.

These items are governed by the provisions in Exhibit "B" (Accounting
Procedures) attached hereto.

                     Article 11. DISPOSITION OF PRODUCTION

11.1.    Taking in Kind.

Each Participant shall take in kind or separately dispose of its share of all
Products in accordance with its Participating Interest. Any extra expenditure
incurred in the taking in kind or separate disposition by any Participant of its
proportionate share of Products shall be borne by such Participant. Nothing in
this Agreement shall be construed as providing, directly or indirectly, for any
joint or cooperative marketing or selling of Products or permitting the
processing of Products of any parties other than the Participants at any
processing facilities constructed by the Participants pursuant to this
Agreement. The Manager shall give the Participants notice at least ten (10) days
in advance of the delivery date upon which their respective shares of Products
will be available.

11.2.    Failure of Participant to Take in Kind.

If a Participant fails to take in kind, the Manager shall have the right, but
not the obligation, for a period of time consistent with the minimum needs of
the industry, but not to exceed one year, to purchase the Participant's share
for its own account or to sell such share as agent for the Participant at not
less than the prevailing market price in the area. Subject to the terms of any
such contracts of sale then outstanding, during any period that the Manager is
purchasing or selling a Participant's share of production, the Participant may
elect by notice to the Manager to take in kind. The Manager shall be entitled to
deduct from proceeds of any sale by it for the account of a Participant
reasonable expenses incurred in such a sale.

                                      -25-
<PAGE>
                     Article 12. WITHDRAWAL AND TERMINATION

12.1.    Termination by Expiration or Agreement .

This Agreement shall terminate as expressly provided in this Agreement, unless
earlier terminated by written agreement.

12.2.    Withdrawal.

A Participant may elect to withdraw as a Participant from this Agreement by
giving notice to the other Participant of the effective date of withdrawal,
which shall be the later of the end of the then current Program and Budget or at
least 45 days after the date of the notice. Upon such withdrawal, this Agreement
shall terminate, and the withdrawing Participant shall be deemed to have
transferred to the remaining Participant, without cost and free and clear of
royalties, liens or other encumbrances arising by, through or under such
withdrawing Participant, except those exceptions to title described in Exhibits
F and G and those to which both Participants have given their written consent
after the date of this Agreement, all of its Participating Interest in the
Assets and in this Agreement. Any withdrawal under this Section 12.2 shall not
relieve the withdrawing Participant of its share of liabilities to third persons
(whether such accrues before or after such withdrawal) arising out of Operations
conducted prior to such withdrawal. For purposes of this Section 12.2, the
withdrawing Participant's share of such liabilities shall be equal to its
Participating Interest at the time such liability was incurred.

12.3.    Continuing Obligations.

On termination of this Agreement under Section 12.1 or 12.2, the Participants
shall remain liable for continuing obligations hereunder until final settlement
of all accounts and for any liability, whether it accrues before or after
termination, if it arises out of Operations during the term of the Agreement.

12.4.    Disposition of Assets on Termination .

Promptly after termination under Section 12.1, the Manager shall take all action
necessary to wind up the activities of the Venture, and all costs and expenses
incurred in connection with the termination of the Venture shall be expenses
chargeable to the Venture. Any Participant that has a negative Joint Account
balance when the Venture is terminated for any reason shall contribute to the
Assets of the Venture an amount sufficient to raise such balance to zero. The
Assets shall first be paid, applied, or distributed in satisfaction of all
liabilities of the Venture to third parties and then to satisfy any debts,
obligations, or liabilities owed to the Participants. Before distributing any
funds or Assets to Participants, the Manager shall have the right to segregate
amounts which, in the Manager's reasonable judgment, are necessary to discharge
continuing obligations or to purchase for the account of Participants, bonds or
other securities
                                      -26-
<PAGE>
for the performance of such obligations. The foregoing shall not be construed to
include the repayment of any Participant's contributions or Joint Account
balance. Thereafter, any remaining cash and all other Assets, including property
shall be distributed (in undivided interests unless otherwise agreed) to the
Participants, first in the ratio and to the extent of their respective Joint
Accounts and then in proportion to their respective Participating Interests,
subject to any dilution, reduction, or termination of such Participating
Interests as may have occurred pursuant to the terms of this Agreement. No
Participant shall receive a distribution of any interest in Products or proceeds
from the sale thereof if such Participant's Participating Interest therein has
been terminated pursuant to this Agreement.

12.5.    Right to Data after Termination .

After termination of this Agreement pursuant to Section 12.1, each Participant
shall be entitled to copies of all information acquired hereunder before the
effective date of termination not previously furnished to it, but a terminating
or withdrawing Participant shall not be entitled to any such copies in respect
to a later termination or withdrawal.

12.6.    Continuing Authority.

On termination of this Agreement under Section 12.1 or the deemed withdrawal of
a Participant pursuant to Sections 5.2 and 6.4, the Manager shall have the power
and authority, subject to control of the Management Committee, if any, to do all
things on behalf of the Participants which are reasonably necessary or
convenient to: (a) wind up Operations and (b) complete any transaction and
satisfy any obligation, unfinished or unsatisfied, at the time of such
termination or withdrawal, if the transaction or obligation arises out of
Operations prior to such termination or withdrawal. The Manager shall have the
power and authority to grant or receive extensions of time or change the method
of payment of an already existing liability or obligation, prosecute and defend
actions on behalf of the Participants and the Venture, mortgage Assets, and take
any other reasonable action in any matter with respect to which the former
Participants continue to have, or appear or are alleged to have, a common
interest or a common liability.

12.7.    Non-Compete Covenants.

A Participant that withdraws pursuant to Section 12.2, or is deemed to have
withdrawn pursuant to Sections 6.2 or 6.7 shall not directly or indirectly
acquire any interest in property within the Area of Interest for two (2) years
after the effective date of withdrawal. If a withdrawing Participant, or an
Affiliate of a withdrawing Participant, breaches this Section 12.7, such
Participant or Affiliate shall be obligated to offer to convey to the
non-withdrawing Participant, without cost, any such property or interest so
acquired. Such offer shall be made in writing and can be accepted by the
non-withdrawing Participant at any time within forty-five (45) days after it is
received by such non-withdrawing Participant.

                                      -27-
<PAGE>
12.8.    Mutual Withdrawal.

If a Participant elects to withdraw from this Agreement pursuant to Section
12.2, the other Participant may also elect to withdraw as a Participant by
giving written notice thereof to the other Participant within thirty (30) days
after receipt of the first Participant's notice of withdrawal, in which event
the Participants shall be deemed to have agreed to terminate the Venture as of
the first date of withdrawal pursuant to Section 12.1.

12.9.    Rights to Data After Termination .

After termination of this Agreement pursuant to Sections 12.1 or 12.2 project
data shall be distributed as follows:

         i)       All proprietary data provided by IDO covering data on the
                  Properties and other Stillwater Complex lands and all copies
                  thereof will be returned to IDO within 30 days of the
                  termination date.

         ii)      Copies, including but not limited to, of any and all raw data
                  developed by FSD about or on the Properties, any geological
                  data, computer generated data, notes, summaries, maps,
                  surveys, assays, drill hole logs or other documentation
                  generated by FSD during the life of the Venture will be
                  provided to IDO.

                      Article 13. SURRENDER OF PROPERTIES

13.1.    Surrender of Properties.

The Management Committee may authorize the Manager to surrender part or all of
the Properties. If the Management Committee authorizes any such surrender over
the objection of a Participant, the Participant that desires to surrender shall
assign to the objecting Participant, without cost to the objecting Participant,
all of the surrendering Participant's interest in the Properties to be
surrendered, and the surrendered Properties shall cease to be part of the
Properties.

13.2.    Reacquisition.

If any Properties are surrendered under the provisions of this Article 13, then,
unless this Agreement is earlier terminated, neither Participant nor any
Affiliate thereof shall acquire any interest in such Properties or a right to
acquire such Properties for a period of two years following the date of such
surrender. If a Participant reacquires any Properties in violation of this
Section 13.2, the other Participant may elect by notice to the reacquiring
Participant within
                                      -28-
<PAGE>
forty-five (45) days after it has actual notice of such reacquisition, to have
such Properties made subject to the terms of this Agreement. In the event such
an election is made, the reacquired properties shall thereafter be treated as
Properties, and the costs of reacquisition shall be borne pro rata by the
Participants and shall be included for purposes of calculating the Participants'
respective Participating Interests.

                        Article 14. TRANSFER OF INTEREST

14.1.    General.

A Participant shall have the right to Transfer to any third party all or any
part of its interest in or to this Agreement, its Participating Interest, or the
Assets solely as provided in this Article 14.

14.2.    Limitations on Free Transferability .

The Transfer right of a Participant in Section 14.1 shall be subject to the
following terms and conditions:

         14.2.1.  No transferee of all or any part of the interest of a
                  Participant in this Agreement, any Participating Interest, or
                  the Assets shall have the rights of a Participant unless and
                  until the transferring Participant has provided to the other
                  Participant notice of the Transfer, and except as provided in
                  Sections 14.2.3 and 14.2.4, the transferee, as of the
                  effective date of the Transfer, has committed in writing to be
                  bound by this Agreement to the same extent as the transferring
                  Participant;

         14.2.2.  No Transfer permitted by this Article 14 shall relieve the
                  transferring Participant of its share of any liability,
                  whether accruing before or after such Transfer, which arises
                  out of Operations conducted prior to such Transfer;

         14.2.3.  In the event of a Transfer of less than all of a Participating
                  Interest, the transferring Participant and its transferee
                  shall act and be treated as one Participant;

         14.2.4.  Except as provided in Section 14.2.3, no Participant shall
                  transfer any interest in this Agreement or the Assets except
                  by Transfer of part or all of its Participating Interest;

         14.2.5.  From the date of execution of this Agreement, if the Transfer
                  is the grant of a security interest by mortgage, deed of
                  trust, pledge, lien or other encumbrance of

                                      -29-
<PAGE>
                  any interest in this Agreement, any Participating Interest or
                  the Assets to secure a loan or other indebtedness of a
                  Participant in a bona fide transaction, such security interest
                  shall be subordinate to the terms of this Agreement and the
                  rights and interests of the other Participant hereunder. Upon
                  any foreclosure or other enforcement of rights in the security
                  interest the acquiring third party shall be deemed to have
                  assumed the position of the encumbering Participant with
                  respect to this Agreement and the other Participant, and it
                  shall comply with and be bound by the terms and conditions of
                  this Agreement; and

         14.2.6.  If a sale or other commitment or disposition of Products or
                  proceeds from the sale of Products by a Participant upon
                  distribution to it pursuant to Article 11Article 11 creates in
                  a third party a security interest in Products or proceeds
                  therefrom prior to such distribution, such sales, commitment
                  or disposition shall be subject to the terms and conditions of
                  this Agreement; and

         14.2.7.  No Participant, without the consent of the other Participant,
                  shall make a Transfer which shall cause termination of the tax
                  partnership established by the provisions of Section 4.2;

14.3.    Right of First Refusal.

Except as otherwise provided in Section 14.4, if either Participant receives an
offer to Transfer or otherwise dispose of all or a part of its Participating
Interest in the Venture and/or Assets to a third party, prior to accepting such
offer the transferring Participant shall first offer the interest to the
non-transferring Participant at the same terms and conditions as set forth in
the third party offer. The non-transferring Participant may accept the offer by
written notice to the transferring Participant given within sixty (60) days of
receipt of the transferring Participant's offer. If the non-transferring
Participant does not accept the offer, then the transferring Participant may
sell or otherwise dispose of its interest under terms and conditions not less
favorable to it than those set forth in the third party offer, provided that the
sale or other disposition is effectuated within one hundred and eighty (180)
days from the effective date of the third party offer.

14.4.    Exceptions to Right of First Refusal.

Section 14.3 shall not apply to the following:

         14.4.1.  Transfer by a Participant of all or any part of its interest
                  in this Agreement, any Participating Interest, or the Assets
                  to an Affiliate;

         14.4.2.  Incorporation of a Participant, or corporate merger,
                  consolidation, amalgamation or reorganization of a Participant
                  by which the surviving entity shall possess

                                      -30-
<PAGE>
                  substantially all of the stock, or all of the property rights
                  and interests, and be subject to substantially all of the
                  liabilities and obligations of that Participant;

         14.4.3.  The grant by a Participant of a security interest in any
                  interest in this Agreement, any Participating Interest, or the
                  Assets by mortgage, deed of trust, pledge, lien or other
                  encumbrance which shall be subordinate as set forth above; or

         14.4.4.  A sale or other commitment or disposition of Products or
                  proceeds from sale of Products by a Participant upon
                  distribution to it pursuant to Article 11.

                    Article 15. CONFIDENTIALITY AND RELEASES

15.1.    General.

The financial terms of this Agreement and all information obtained in connection
with the performance of this Agreement are valuable trade secrets and shall be
the exclusive property of the Participants and shall be maintained on a
confidential basis. Neither Participant shall make any disclosure to any third
party or the public or give out any publicity, press release or written material
relating to confidential information, the Venture or the terms of this Agreement
without the prior written consent of the other Participant, which consent shall
not be unreasonably withheld.

15.2.    Exceptions.

The consent required by Section 15.1 shall not apply to a disclosure:

                                      -31-
<PAGE>
         15.2.1.  To an Affiliate, consultant, contractor or subcontractor that
                  has a bona fide need to be informed;

         15.2.2.  To any third party to whom the disclosing Participant
                  contemplates a Transfer of all or any part of its interest in
                  or to this Agreement, its Participating Interest, or the
                  Assets; or

         15.2.3.  Which the disclosing Participant is required by pertinent law
                  or regulation or the rules of any stock exchange to disclose,
                  provided that in any case to which this Section 15.2 is
                  applicable, the disclosing Participant shall give written
                  notice to the other Participant prior to the making of any
                  such disclosure. The disclosing Participant shall allow the
                  other party twenty-four (24) hours to comment on the nature
                  and extent of such required disclosure.

         15.2.4.  As necessary to administer or enforce this Agreement.

As to any disclosure pursuant to Section 15.2.1 or 15.2.2, only such
confidential information as such third party shall have a legitimate business
need to know shall be disclosed and such third party shall first agree in
writing to protect the confidential information from further disclosure to the
same extent as the Participants are obligated under this Article 15.

15.3.    Duration of Confidentiality.

The provisions of this Article 15 shall apply during the term of this Agreement
and for two (2) years following a termination pursuant to Section 12.1 or
following withdrawal pursuant to Section 12.2, and shall continue to apply to
any Participant who withdraws, who is deemed to have withdrawn, or who Transfers
its Participating Interest, for two years following the date of such occurrence.

                          Article 16. AREA OF INTEREST

16.1.    Acquisitions in Area of Interest.

If at any time during the existence of this Agreement FSD stakes or otherwise
acquires any right to or interest in any properties within the Area of Interest,
FSD shall forthwith give notice to IDO of such acquisition, the total cost
thereof and all details in the possession of FSD with respect to the details of
the acquisition, the nature of the property and the known mineralization. IDO
may, within thirty (30) days of receipt of FSD's notice, elect, by notice to
FSD, to require that the properties and the right or interest acquired be held
equally by the parties and be included in and thereafter form part of the
Properties for all purposes of this Agreement.

                                      -32-
<PAGE>
In the event properties or interests in properties are acquired by FSD through a
joint venture in the Area of Interest after the Effective Date of this
Agreement, any such acquired properties or interest in acquired properties,
shall be held equally by FSD and IDO unless otherwise agreed.

If the election aforesaid is made, IDO shall reimburse the FSD for that portion
of the cost of acquisition which is equivalent to their respective Participating
Interests. If IDO does not make the election aforesaid within that period of
thirty (30) days, the right or interest acquired shall not form part of the
Properties and FSD shall be solely entitled thereto.

                         Article 17. GENERAL PROVISIONS

17.1.    Notices.

All notices, payments and other required communications ("Notices") to the
Participants shall be in writing, and shall be addressed respectively as
follows:

17.1.1.  If to IDO:

     Idaho Consolidated Metals Corporation
     P.O. Box 2210
     Red Lodge, MT  59068
     Attn:  Wilf Struck
     Phone: (406) 446-0201
     Fax:  (406) 446-0201

17.1.2.  If to FSD:

     First Choice Industries, LTD
     Suite 101 - 5000 Bridge Street
     Delta,  British Columbia, Canada V4K 2K4
     Attn:  Bob Chancey
     Phone: (604) 946-8899
                                      -33-
<PAGE>
         Fax: (604) 952-4622

         All Notices shall be given:

         i)       by personal delivery to the Participant, or

         ii)      by electronic communication or facsimile, with a confirmation
                  sent by registered or certified mail return receipt requested,

         iii)     by registered or certified mail return receipt requested or

         iv)      by express mail.

     All Notices shall be effective and shall be deemed delivered

         i)       if by personal delivery on the date of delivery if delivered
                  during normal business hours, and, if not delivered during
                  normal business hours, on the next business day following
                  delivery,

         ii)      if by electronic communication or facsimile on the next
                  business day following receipt of the electronic communication
                  or facsimile, and

         iii)     if solely by mail on the next business day after actual
                  receipt.

A Participant may change its address by Notice to the other Participant.

17.2.    Waiver.

The failure of a Participant to insist on the strict performance of any
provision of this Agreement or to exercise any right, power or remedy upon a
breach hereof shall not constitute a waiver of any provision of this Agreement
or limit the Participant's right thereafter to enforce any provision or exercise
any right.

17.3.    Modification.

No modification of this Agreement shall be valid unless made in writing and duly
executed by the Participants.

17.4.    Force Majeure.

Except for the obligation to make payments when due hereunder, the obligations
of a Participant shall be suspended to the extent and for the period that
performance is prevented by any cause, whether foreseeable or unforeseeable,
beyond its reasonable control, including, without limitation, lack of
satisfactory market, labor disputes (however arising and whether or not employee
demands are reasonable or within the power of the Participant to grant); acts of
God; laws, regulations, orders, proclamations, instructions or requests of any
government or governmental entity; judgments or orders of any court; inability
to obtain on reasonably acceptable terms any public or private license, permit
or other authorization; curtailment or suspension of activities to remedy or
avoid an actual or alleged, present or prospective violation of federal,
provincial or local environmental standards; acts of war or conditions arising
out of or attributable to war, whether declared or undeclared; riot, civil
strife, insurrection or rebellion; fire, explosion, earthquake, storm, flood,
sink holes; drought or other adverse weather condition; delay or failure by
suppliers or transporters of materials, parts, supplies, services or equipment
or by contractors' or subcontractors' shortage of, or inability to obtain,
labor, transportation, materials, machinery, equipment, supplies, utilities or
services; accidents; breakdown of equipment, machinery or facilities; or any
other cause whether similar or dissimilar to the foregoing. The affected
Participant shall promptly give notice to the other Participant of the
suspension of performance, stating therein the nature of the suspension, the
reasons therefor, and the expected duration thereof and this Agreement shall be
extended by the total period of such delays or suspension. The affected
Participant shall resume performance as soon as reasonably possible. During the
period of suspension the obligations of the Participants to advance funds
pursuant to Section 9.2 shall be reduced to levels consistent with Operations.

17.5.    Economic Force Majeure.

Following the Earn-In Period and if at any time after the Management Committee
reaches a determination, in its reasonable judgment, that the minerals
encompassed within the Properties cannot be profitably mined under the terms and
conditions of this Agreement as it is then in effect, the Management Committee
may declare that a condition of Force Majeure exists as provided in Section
17.4, above; provided, that in no event shall a condition of Force Majeure
declared pursuant to this Section 17.5 be in effect for more than five (5)
consecutive years.

17.6.    Governing Law.

This Agreement shall be governed by and interpreted in accordance with the laws
of the State of Montana.

17.7.    Rule Against Perpetuities.

Any right or option to acquire any interest in real or personal property under
this Agreement must be exercised, if at all, so as to vest such interest in the
acquirer within twenty-one (21) years after the effective date of this
Agreement.

17.8.    Further Assurances.

Each of the Participants agrees to take from time to time such actions and
execute such additional instruments as may be reasonably necessary or convenient
to implement and carry out the intent and purpose of this Agreement.

17.9.    Survival of Terms and Conditions.

The following Sections shall survive the termination of this Agreement to the
full extent necessary for their enforcement and the protection of the
Participant in whose favor they run: Sections 2.2, 4.3, 6.6, 6.8, 12.2, 12.3,
12.4, 12.5, 12.7, 13.2, 17.6, and 1.3.3 of the Accounting Procedure.

17.10.   Entire Agreement; Successors and Assigns.

This Agreement contains the entire understanding of the Participants and
supersedes all prior agreements and understandings between the Participants
relating to the subject matter hereof. This Agreement shall be binding upon and
inure to the benefit of the respective successors and permitted assigns of the
Participants. In the event of any conflict between this Agreement and any
Exhibit attached hereto, the terms of this Agreement shall be controlling.

17.11.   Memorandum.

At the request of either Participant, a Memorandum or short form of this
Agreement, as appropriate, which shall not disclose financial information
contained herein, shall be prepared and recorded by Manager. This Agreement
shall not be recorded.

17.12.   Funds.

All references to dollar amounts contained in this Agreement are references to
United States dollars.

IN WITNESS WHEREOF, this Agreement has been executed by the parties hereto
effective as of the day and year first above written.

Idaho Consolidated Metals Corp

By:
Title:

First Choice Industries, LTD

By :
Title:
Tax ID#:
<PAGE>
Stillwater West PGM Venture Agreement  November 1, 2001             CONFIDENTIAL

                                    EXHIBIT A
                                 LIST OF CLAIMS
<PAGE>
                                    EXHIBIT A

Attached to and made part of that certain Option Agreement dated the 1st day of
November, 2001 between Idaho Consolidated Metals Corporation and First Choice
Industries, LTD.

The following unpatented mining claims located in Park and Sweetgrass Counties,
State of Montana.
<TABLE>
<CAPTION>
           County_
Claim      number      County               Book/Page          MTMMC           Claim_Type            Claim_title     Date_recorded
<S>        <C>       <C>                     <C>               <C>               <C>                 <C>              <C>
SR 235     128384    Sweetgrass              45/632            205847            lode                unpatented        3/16/1999
SR 236     128385    Sweetgrass              45/633            205848            lode                unpatented        3/16/1999
SR 237     128386    Sweetgrass              45/634            205849            lode                unpatented        3/16/1999
SR 238     128387    Sweetgrass              45/635            205850            lode                unpatented        3/16/1999
SR 239     128388    Sweetgrass              45/636            205851            lode                unpatented        3/16/1999
SR 240     128389    Sweetgrass              45/637            205852            lode                unpatented        3/16/1999
SR 241     128390    Sweetgrass              45/638            205853            lode                unpatented        3/16/1999
SR 242     128391    Sweetgrass              45/639            205854            lode                unpatented        3/16/1999
SR 243     128392    Sweetgrass              45/640            205855            lode                unpatented        3/16/1999
SR 244     128393    Sweetgrass              45/641            205856            lode                unpatented        3/16/1999
SR 245     128394    Sweetgrass              45/642            205857            lode                unpatented        3/16/1999
SR 246     128395    Sweetgrass              45/643            205858            lode                unpatented        3/16/1999
SR 247     128396    Sweetgrass              45/644            205859            lode                unpatented        3/16/1999
SR 248     128397    Sweetgrass              45/645            205860            lode                unpatented        3/16/1999
SR 249     128398    Sweetgrass              45/646            205861            lode                unpatented        3/16/1999
SR 250     128399    Sweetgrass              45/647            205862            lode                unpatented        3/16/1999
SR 251     128400    Sweetgrass              45/648            205863            lode                unpatented        3/16/1999
SR 252     128401    Sweetgrass              45/649            205864            lode                unpatented        3/16/1999
SR 253     128402    Sweetgrass              45/650            205865            lode                unpatented        3/16/1999
SR 254     128403    Sweetgrass              45/651            205866            lode                unpatented        3/16/1999
SR 255     128404    Sweetgrass              45/652            205867            lode                unpatented        3/16/1999
SR 271     128419    Sweetgrass              45/667            205870            lode                unpatented        3/16/1999
SR 272     128420    Sweetgrass              45/668            205871            lode                unpatented        3/16/1999
SR 336     128866    Sweetgrass              45/713            206186            lode                unpatented        6/17/1999
SR 337     128867    Sweetgrass              45/714            206187            lode                unpatented        6/17/1999
SR 338     128868    Sweetgrass              45/715            206188            lode                unpatented        6/17/1999
SR 339     128869    Sweetgrass              45/716            206189            lode                unpatented        6/17/1999
SR 340     128870    Sweetgrass              45/717            206190            lode                unpatented        6/17/1999
SR 341     128871    Sweetgrass              45/718            206191            lode                unpatented        6/17/1999
SR 342     128872    Sweetgrass              45/719            206192            lode                unpatented        6/17/1999
SR 343     128873    Sweetgrass              45/720            206193            lode                unpatented        6/17/1999
SR 344     128874    Sweetgrass              45/721            206194            lode                unpatented        6/17/1999
SR 345     128875    Sweetgrass              45/722            206195            lode                unpatented        6/17/1999
SR 399     128928    Sweetgrass              45/775            206248            lode                unpatented        6/17/1999
SR 400     128929    Sweetgrass              45/776            206249            lode                unpatented        6/17/1999
SR 401     128930    Sweetgrass              45/777            206250            lode                unpatented        6/17/1999
SR 402     128931    Sweetgrass              45/778            206251            lode                unpatented        6/17/1999
SR 403     128932    Sweetgrass              45/779            206252            lode                unpatented        6/17/1999
SR 404     128933    Sweetgrass              45/780            206253            lode                unpatented        6/17/1999
SR 405     128934    Sweetgrass              45/781            206254            lode                unpatented        6/17/1999
SR 406     128935    Sweetgrass              45/782            206255            lode                unpatented        6/17/1999
SR 407     128936    Sweetgrass              45/783            206256            lode                unpatented        6/17/1999
WC 1027    130499    Sweetgrass              46/276            207266            lode                unpatented        2/25/2000
WC 1028    130498    Sweetgrass              46/275            207267            lode                unpatented        2/25/2000
WC 1029    130497    Sweetgrass              46/274            207268            lode                unpatented        2/25/2000
WC 1030    130496    Sweetgrass              46/273            207269            lode                unpatented        2/25/2000
WC 1126    130495    Sweetgrass              46/272            207270            lode                unpatented        2/25/2000
WC 1127    130494    Sweetgrass              46/271            207271            lode                unpatented        2/25/2000
WC 1128    130493    Sweetgrass              46/270            207272            lode                unpatented        2/25/2000
WC 1129    130492    Sweetgrass              46/269            207273            lode                unpatented        2/25/2000
WC 1130    130491    Sweetgrass              46/268            207274            lode                unpatented        2/25/2000
WC 1225    130490    Sweetgrass              46/267            207275            lode                unpatented        2/25/2000
WC 1226    130489    Sweetgrass              46/266            207276            lode                unpatented        2/25/2000
WC 1227    130488    Sweetgrass              46/265            207277            lode                unpatented        2/25/2000
WC 1228    130487    Sweetgrass              46/264            207278            lode                unpatented        2/25/2000
WC 1229    130486    Sweetgrass              46/263            207279            lode                unpatented        2/25/2000
WC 1230    130485    Sweetgrass              46/262            207280            lode                unpatented        2/25/2000
WC 1325    130484    Sweetgrass              46/261            207281            lode                unpatented        2/25/2000
WC 1326    130483    Sweetgrass              46/260            207282            lode                unpatented        2/25/2000
WC 1327    130482    Sweetgrass              46/259            207283            lode                unpatented        2/25/2000
WC 1328    130481    Sweetgrass              46/258            207284            lode                unpatented        2/25/2000
WC 1329    130480    Sweetgrass              46/257            207285            lode                unpatented        2/25/2000
WC 1330    130479    Sweetgrass              46/256            207286            lode                unpatented        2/25/2000
WC 1424    130478    Sweetgrass              46/255            207287            lode                unpatented        2/25/2000
WC 1425    130477    Sweetgrass              46/254            207288            lode                unpatented        2/25/2000
WC 1426    130476    Sweetgrass              46/253            207289            lode                unpatented        2/25/2000
WC 1427    130475    Sweetgrass              46/252            207290            lode                unpatented        2/25/2000
WC 1428    130474    Sweetgrass              46/251            207291            lode                unpatented        2/25/2000
WC 1429    130473    Sweetgrass              46/250            207292            lode                unpatented        2/25/2000
WC 1430    130472    Sweetgrass              46/249            207293            lode                unpatented        2/25/2000
WC 1524    130471    Sweetgrass              46/248            207294            lode                unpatented        2/25/2000
WC 1525    130470    Sweetgrass              46/247            207295            lode                unpatented        2/25/2000
WC 1526    130469    Sweetgrass              46/246            207296            lode                unpatented        2/25/2000
WC 1527    130468    Sweetgrass              46/245            207297            lode                unpatented        2/25/2000
WC 1528    130467    Sweetgrass              46/244            207298            lode                unpatented        2/25/2000
WC 1529    130466    Sweetgrass              46/243            207299            lode                unpatented        2/25/2000
WC 1530    130465    Sweetgrass              46/242            207300            lode                unpatented        2/25/2000
WC 1623    130464    Sweetgrass              46/241            207301            lode                unpatented        2/25/2000
WC 1624    130463    Sweetgrass              46/240            207302            lode                unpatented        2/25/2000
WC 1625    130462    Sweetgrass              46/239            207303            lode                unpatented        2/25/2000
WC 1626    130461    Sweetgrass              46/238            207304            lode                unpatented        2/25/2000
WC 1627    130460    Sweetgrass              46/237            207305            lode                unpatented        2/25/2000
WC 1628    130459    Sweetgrass              46/236            207306            lode                unpatented        2/25/2000
WC 1629    130458    Sweetgrass              46/235            207307            lode                unpatented        2/25/2000
WC 1630    130457    Sweetgrass              46/234            207308            lode                unpatented        2/25/2000
WC 1723    130456    Sweetgrass              46/233            207309            lode                unpatented        2/25/2000
WC 1724    130455    Sweetgrass              46/232            207310            lode                unpatented        2/25/2000
WC 1725    130454    Sweetgrass              46/231            207311            lode                unpatented        2/25/2000
WC 1726    130453    Sweetgrass              46/230            207312            lode                unpatented        2/25/2000
WC 1727    130452    Sweetgrass              46/229            207313            lode                unpatented        2/25/2000
WC 1728    130451    Sweetgrass              46/228            207314            lode                unpatented        2/25/2000
WC 1729    130450    Sweetgrass              46/227            207315            lode                unpatented        2/25/2000
MB 3936    291955    Park                    R161/875          To Be assigned    lode                unpatented        10/23/2001
MB 3937    291956    Park                    R161/876          To Be assigned    lode                unpatented        10/23/2001
MB 3938    291957    Park                    R161/877          To Be assigned    lode                unpatented        10/23/2001
MB 3939    291958    Park                    R161/878          To Be assigned    lode                unpatented        10/23/2001
MB 3940    291959    Park                    R161/879          To Be assigned    lode                unpatented        10/23/2001
MB 3941    291960    Park                    R161/880          To Be assigned    lode                unpatented        10/23/2001
MB 3942    291961    Park                    R161/881          To Be assigned    lode                unpatented        10/23/2001
MB 3943    291962    Park                    R161/882          To Be assigned    lode                unpatented        10/23/2001
MB 3944    291963    Park                    R161/883          To Be assigned    lode                unpatented        10/23/2001
MB 3945    291964    Park                    R161/884          To Be assigned    lode                unpatented        10/23/2001
MB 3946    291965    Park                    R161/885          To Be assigned    lode                unpatented        10/23/2001
MB 4036    291966    Park                    R161/886          To Be assigned    lode                unpatented        10/23/2001
MB 4037    291967    Park                    R161/887          To Be assigned    lode                unpatented        10/23/2001
MB 4038    291968    Park                    R161/888          To Be assigned    lode                unpatented        10/23/2001
MB 4039    291969    Park                    R161/889          To Be assigned    lode                unpatented        10/23/2001
MB 4040    291970    Park                    R161/890          To Be assigned    lode                unpatented        10/23/2001
MB 4041    291971    Park                    R161/891          To Be assigned    lode                unpatented        10/23/2001
MB 4042    291972    Park                    R161/892          To Be assigned    lode                unpatented        10/23/2001
MB 4043    291973    Park                    R161/893          To Be assigned    lode                unpatented        10/23/2001
MB 4044    291974    Park                    R161/894          To Be assigned    lode                unpatented        10/23/2001
MB 4045    291975    Park                    R161/895          To Be assigned    lode                unpatented        10/23/2001
MB 4046    291976    Park                    R161/896          To Be assigned    lode                unpatented        10/23/2001
MB 4135    291977    Park                    R161/897          To Be assigned    lode                unpatented        10/23/2001
MB 4136    291978    Park                    R161/898          To Be assigned    lode                unpatented        10/23/2001
MB 4137    291979    Park                    R161/899          To Be assigned    lode                unpatented        10/23/2001
MB 4138    291980    Park                    R161/900          To Be assigned    lode                unpatented        10/23/2001
MB 4139    291981    Park                    R161/901          To Be assigned    lode                unpatented        10/23/2001
MB 4140    291982    Park                    R161/902          To Be assigned    lode                unpatented        10/23/2001
MB 4141    291983    Park                    R161/903          To Be assigned    lode                unpatented        10/23/2001
MB 4142    291984    Park                    R161/904          To Be assigned    lode                unpatented        10/23/2001
MB 4143    291985    Park                    R161/905          To Be assigned    lode                unpatented        10/23/2001
MB 4144    291986    Park                    R161/906          To Be assigned    lode                unpatented        10/23/2001
MB 4145    291987    Park                    R161/907          To Be assigned    lode                unpatented        10/23/2001
MB 4146    291988    Park                    R161/908          To Be assigned    lode                unpatented        10/23/2001
MB 4235    291989    Park                    R161/909          To Be assigned    lode                unpatented        10/23/2001
MB 4236    291990    Park                    R161/910          To Be assigned    lode                unpatented        10/23/2001
MB 4237    291991    Park                    R161/911          To Be assigned    lode                unpatented        10/23/2001
MB 4238    291992    Park                    R161/912          To Be assigned    lode                unpatented        10/23/2001
MB 4239    291993    Park                    R161/913          To Be assigned    lode                unpatented        10/23/2001
MB 4240    291994    Park                    R161/914          To Be assigned    lode                unpatented        10/23/2001
MB 4241    291995    Park                    R161/915          To Be assigned    lode                unpatented        10/23/2001
MB 4242    291996    Park                    R161/916          To Be assigned    lode                unpatented        10/23/2001
MB 4243    291997    Park                    R161/917          To Be assigned    lode                unpatented        10/23/2001
MB 4244    291998    Park                    R161/918          To Be assigned    lode                unpatented        10/23/2001
MB 4245    291999    Park                    R161/919          To Be assigned    lode                unpatented        10/23/2001
MB 4246    292000    Park                    R161/920          To Be assigned    lode                unpatented        10/23/2001
MB 4335    292001    Park                    R161/921          To Be assigned    lode                unpatented        10/23/2001
MB 4336    292002    Park                    R161/922          To Be assigned    lode                unpatented        10/23/2001
MB 4337    292003    Park                    R161/923          To Be assigned    lode                unpatented        10/23/2001
MB 4338    292004    Park                    R161/924          To Be assigned    lode                unpatented        10/23/2001
MB 4339    292005    Park                    R161/925          To Be assigned    lode                unpatented        10/23/2001
MB 4340    292006    Park                    R161/926          To Be assigned    lode                unpatented        10/23/2001
MB 4341    292007    Park                    R161/927          To Be assigned    lode                unpatented        10/23/2001
MB 4342    292008    Park                    R161/928          To Be assigned    lode                unpatented        10/23/2001
MB 4343    292009    Park                    R161/929          To Be assigned    lode                unpatented        10/23/2001
MB 4344    292010    Park                    R161/930          To Be assigned    lode                unpatented        10/23/2001
MB 4345    292011    Park                    R161/931          To Be assigned    lode                unpatented        10/23/2001
MB 4346    292012    Park                    R161/932          To Be assigned    lode                unpatented        10/23/2001
MB 4347    292013    Park                    R161/933          To Be assigned    lode                unpatented        10/23/2001
MB 4434    292014    Park                    R161/934          To Be assigned    lode                unpatented        10/23/2001
MB 4435    292015    Park                    R161/935          To Be assigned    lode                unpatented        10/23/2001
MB 4436    292016    Park                    R161/936          To Be assigned    lode                unpatented        10/23/2001
MB 4437    292017    Park                    R161/937          To Be assigned    lode                unpatented        10/23/2001
MB 4438    292018    Park                    R161/938          To Be assigned    lode                unpatented        10/23/2001
MB 4439    292019    Park                    R161/939          To Be assigned    lode                unpatented        10/23/2001
MB 4440    292020    Park                    R161/940          To Be assigned    lode                unpatented        10/23/2001
MB 4441    292021    Park                    R161/941          To Be assigned    lode                unpatented        10/23/2001
MB 4442    292022    Park                    R161/942          To Be assigned    lode                unpatented        10/23/2001
MB 4443    292023    Park                    R161/943          To Be assigned    lode                unpatented        10/23/2001
MB 4444    292024    Park                    R161/944          To Be assigned    lode                unpatented        10/23/2001
MB 4445    292025    Park                    R161/945          To Be assigned    lode                unpatented        10/23/2001
MB 4446    292026    Park                    R161/946          To Be assigned    lode                unpatented        10/23/2001
MB 4447    292027    Park                    R161/947          To Be assigned    lode                unpatented        10/23/2001
MB 4534    292028    Park                    R161/948          To Be assigned    lode                unpatented        10/23/2001
MB 4535    292029    Park                    R161/949          To Be assigned    lode                unpatented        10/23/2001
MB 4536    292030    Park                    R161/950          To Be assigned    lode                unpatented        10/23/2001
MB 4537    292031    Park                    R161/951          To Be assigned    lode                unpatented        10/23/2001
MB 4538    292032    Park                    R161/952          To Be assigned    lode                unpatented        10/23/2001
MB 4539    292033    Park                    R161/953          To Be assigned    lode                unpatented        10/23/2001
MB 4540    292034    Park                    R161/954          To Be assigned    lode                unpatented        10/23/2001
MB 4541    292035    Park                    R161/955          To Be assigned    lode                unpatented        10/23/2001
MB 4542    292036    Park                    R161/956          To Be assigned    lode                unpatented        10/23/2001
MB 4634    133557    Sweetgrass and Park     46LL/947          To Be assigned    lode                unpatented        10/23/2001
MB 4635    133558    Sweetgrass and Park     46LL/948          To Be assigned    lode                unpatented        10/23/2001
MB 4636    133559    Sweetgrass and Park     46LL/949          To Be assigned    lode                unpatented        10/23/2001
MB 4637    133560    Sweetgrass and Park     46LL/950          To Be assigned    lode                unpatented        10/23/2001
MB 4638    133561    Sweetgrass and Park     46LL/951          To Be assigned    lode                unpatented        10/23/2001
MB 4644    133562    Sweetgrass              46LL/952          To Be assigned    lode                unpatented        10/23/2001
MB 4645    133563    Sweetgrass              46LL/953          To Be assigned    lode                unpatented        10/23/2001
MB 4738    133564    Sweetgrass              46LL/954          To Be assigned    lode                unpatented        10/23/2001
MB 4739    133565    Sweetgrass              46LL/955          To Be assigned    lode                unpatented        10/23/2001
MB 4740    133566    Sweetgrass              46LL/956          To Be assigned    lode                unpatented        10/23/2001
MB 4741    133567    Sweetgrass              46LL/957          To Be assigned    lode                unpatented        10/23/2001
MB 4742    133568    Sweetgrass              46LL/958          To Be assigned    lode                unpatented        10/23/2001
MB 4743    133569    Sweetgrass              46LL/959          To Be assigned    lode                unpatented        10/23/2001
MB 5046    133570    Sweetgrass              46LL/960          To Be assigned    lode                unpatented        10/23/2001
MB 5047    133571    Sweetgrass              46LL/961          To Be assigned    lode                unpatented        10/23/2001
MB 5048    133572    Sweetgrass              46LL/962          To Be assigned    lode                unpatented        10/23/2001
MB 5146    133573    Sweetgrass              46LL/963          To Be assigned    lode                unpatented        10/23/2001
MB 5147    133574    Sweetgrass              46LL/964          To Be assigned    lode                unpatented        10/23/2001
MB 5148    133575    Sweetgrass              46LL/965          To Be assigned    lode                unpatented        10/23/2001
MB 5246    133576    Sweetgrass              46LL/966          To Be assigned    lode                unpatented        10/23/2001
MB 5247    133577    Sweetgrass              46LL/967          To Be assigned    lode                unpatented        10/23/2001
MB 5248    133578    Sweetgrass              46LL/968          To Be assigned    lode                unpatented        10/23/2001
MB 5346    133579    Sweetgrass              46LL/969          To Be assigned    lode                unpatented        10/23/2001
MB 5347    133580    Sweetgrass              46LL/970          To Be assigned    lode                unpatented        10/23/2001
MB 5348    133581    Sweetgrass              46LL/971          To Be assigned    lode                unpatented        10/23/2001
MB 5446    133582    Sweetgrass              46LL/972          To Be assigned    lode                unpatented        10/23/2001
MB 5447    133583    Sweetgrass              46LL/973          To Be assigned    lode                unpatented        10/23/2001
MB 5448    133584    Sweetgrass              46LL/974          To Be assigned    lode                unpatented        10/23/2001
MB 5544    133585    Sweetgrass              46LL/975          To Be assigned    lode                unpatented        10/23/2001
MB 5545    133586    Sweetgrass              46LL/976          To Be assigned    lode                unpatented        10/23/2001
MB 5546    133587    Sweetgrass              46LL/977          To Be assigned    lode                unpatented        10/23/2001
MB 5547    133588    Sweetgrass              46LL/978          To Be assigned    lode                unpatented        10/23/2001
MB 5548    133589    Sweetgrass              46LL/979          To Be assigned    lode                unpatented        10/23/2001
MB 5643    133590    Sweetgrass              46LL/980          To Be assigned    lode                unpatented        10/23/2001
MB 5644    133591    Sweetgrass              46LL/981          To Be assigned    lode                unpatented        10/23/2001
MB 5645    133592    Sweetgrass              46LL/982          To Be assigned    lode                unpatented        10/23/2001
MB 5646    133593    Sweetgrass              46LL/983          To Be assigned    lode                unpatented        10/23/2001
MB 5647    133594    Sweetgrass              46LL/984          To Be assigned    lode                unpatented        10/23/2001
MB 5648    133595    Sweetgrass              46LL/985          To Be assigned    lode                unpatented        10/23/2001
MB 5742    133596    Sweetgrass              46LL/986          To Be assigned    lode                unpatented        10/23/2001
MB 5743    133597    Sweetgrass              46LL/987          To Be assigned    lode                unpatented        10/23/2001
Total         215
</TABLE>
<PAGE>
Stillwater West PGM Venture Agreement  November 1, 2001             CONFIDENTIAL

                                    EXHIBIT B

                              ACCOUNTING PROCEDURES
<PAGE>
                                   EXHIBIT B

Attached to and made part of that certain Option Agreement dated the 1st day of
 November, 2001 between Idaho Consolidated Metals Corporation and First Choice
                                Industries, LTD.

                              ACCOUNTING PROCEDURES

         The purpose of these Accounting Procedures is to establish equitable
methods for determining charges and credits applicable to Operations under the
captioned Agreement (the "Agreement"). It is the intent of the Manager and any
Participant that is not acting as the Manager ("the non-Manager") that neither
of them shall gain nor lose by reason of their duties and responsibilities as
the Manager or the non-Manager but that the Manager should be reimbursed for the
value of services provided hereunder. If any method proves unfair or inequitable
to the Manager or the non-Manager, the Participants shall meet and in good faith
endeavor to agree upon changes deemed necessary to correct the unfairness or
inequity. In the event of a conflict between the provisions of these Accounting
Procedures and those of the Agreement, the provisions of the Agreement shall
control.

Article 1.
                               GENERAL PROVISIONS

1.1.     Definitions.

The definitions set forth in the Agreement shall apply to these Accounting
Procedures and shall have the same meanings as used herein. Additional terms
used in these Accounting Procedures are set forth below shall have the following
meanings:

         1.1.1.   "Material" shall mean personal property, including but not
                  limited to supplies and non-depreciable equipment, acquired
                  and held for use in Operations.

         1.1.2.   "Outsider" shall mean participants other than "Participant" to
                  the Agreement and their affiliates.

         1.1.3.   "Personal Expenses" shall mean travel and other reasonable
                  reimbursable expenses of employees of the Manager or its
                  Affiliates.

         1.1.4.   "Technical Employees" shall mean those employees having
                  special and specific engineering, geological, legal, or other
                  professional skills, and whose primary function in Operations
                  is the handling of specific matters for the benefit of
                  Operations.
                                      B-1
<PAGE>
1.2.      Accounting Records.

         1.2.1.   The Manager shall maintain accounting records for the Joint
                  Account in accordance with generally accepted accounting
                  principles consistently applied and used in the mining
                  industry.

         1.2.2.   The Manager shall take advantage of and credit the Venture
                  with all cash and trade discounts, freight allowances and
                  equalizations, annual volume or other allowances, credits,
                  salvages, commissions, insurance discount dividends and
                  retroactive premium adjustments, and any other benefits which
                  accrue to the Manager wholly or in part because of Operations.

1.3.      Statements, Billings and Adjustments.

         1.3.1.   The Manager shall promptly submit to the Management Committee
                  monthly statements of account reflecting in reasonable detail
                  the charges and credits to the Joint Account during the
                  preceding month.

         1.3.2.   On the basis of the adopted Program and Budget, the Manager
                  shall submit to each Participant prior to the last day of each
                  month, a billing for estimated cash requirements for the next
                  month. Within ten (10) days after receipt of each billing,
                  each Participant shall advance to the Manager its
                  proportionate share of the estimated amount. Time is of the
                  essence of payment of such billings. The Manager shall at all
                  times maintain a cash balance approximately equal to the rate
                  of disbursement for up to forty-five (45) days.

         1.3.3.   A Participant that fails to meet cash calls in the amount and
                  at the times specified in Section 1.3.2 shall be in default,
                  and the amount of the defaulted cash call shall bear interest
                  from the date due at an annual rate equal to two (2)
                  percentage points over the Prime Rate, but in no event shall
                  said rate of interest exceed the maximum permitted by law. The
                  non-defaulting Participant shall have those rights, remedies
                  and elections specified in Section 6.4 of the Agreement.

         1.3.4.   Payment of bills shall not prejudice the right of the
                  non-Manager to protest or question the correctness thereof;
                  however, all bills and statements rendered during any calendar
                  year shall be presumed conclusively to be true and correct
                  after twelve (12) months following the end of any such
                  calendar year unless, within the said twelve-month period, the
                  non-Manager takes written exception thereto and makes claim on
                  the Manager for adjustment. No adjustment favorable to the
                  Manager shall be made unless it is made within the same
                  prescribed period or in connection with an adjustment in favor
                  of the non-Manager. The provisions of this paragraph shall not
                  prevent adjustments resulting from a physical inventory of the
                  Assets.

1.4.     Advances and Payments.

         1.4.1.   As provided for in this Exhibit "B", the non-Manager shall
                  advance its share of the estimated cash outlay for the
                  succeeding month's operation. If the non-Manager's advances
                  exceed its share of actual expenditures, subsequent cash calls
                  will be adjusted downward or the Manager will refund to the
                  non-Manager excess funds that are not necessary for subsequent
                  Operations.

         1.4.2.   The Manager shall base its estimates of cash advance
                  requirements on the latest information available and shall
                  take into account cash on hand which may be applied to satisfy
                  such requirements in order to reduce the amounts to be
                  advanced. It is the intent of the Participants to provide
                  adequate funds for the Operations and to maintain bank
                  balances at minimum levels.

                                      B-2
<PAGE>
         1.4.3.   If the Manager does not request the non-Manager to advance its
                  share of estimated cash requirements, the non-Manager shall
                  pay its share of expenditures within thirty (30) days
                  following receipt of the Manager's billing.

         1.4.4.   Except as provided in Section 6.4 of the Agreement, all
                  payments shall be made on or before the due date by wire
                  transfer in immediately available funds to bank accounts
                  designated by the Manager. If not so paid, the unpaid balance
                  shall bear interest after the due date at the rate of Prime
                  Rate plus two percent (2%) for each thirty (30) day period or
                  portion thereof until such amount is paid, plus attorneys'
                  fees, court costs, and other costs related to the collection
                  of the unpaid amounts.

         1.4.5.   Funds received by the Manager from the non-Manager Participant
                  shall be segregated or maintained by the Manager as a separate
                  fund, and may not be commingled with the Manager's own funds,
                  except with the consent of the non-Manager Participant.

1.5.     Audits.

Upon notice in writing to the Manager, the non-Manager shall have the right to
audit the accounts and records relating to the accounting made under this
Agreement for any calendar year within the twelve (12) month period following
the end of such calendar year; provided, however, the making of an audit shall
not extend the time for the taking of written exception to and the adjustments
of accounts pursuant to Section 1.3.4. The non-Manager may arrange for audits by
its own staff or outside professional and qualified independent auditors. Audits
shall be conducted in a manner so as to cause the minimum inconvenience to the
Manager. The Manager shall bear no portion of non-Manager's audit costs unless
agreed to by the Manager in advance of such audit. Notwithstanding the above, in
the event the non-Manager does not audit the accounts and records relating to
the accounting made under this Agreement the Manager shall have conducted
annually an audit of the accounts and records relating to the accounting made
under this Agreement. Such audit shall be for the account of the Venture. If the
non-Manager does have an audit performed as provided herein, the Manager shall
not be required to perform an additional audit.

Article 2.
                                CHARGEABLE COSTS

           Subject to the provisions of the Agreement, the Manager shall charge
the Joint Account with all costs incurred by it as necessary and proper for the
conduct of Operations or maintenance of the Assets. Such costs shall be
reasonable and comparable with similar projects in the area. Except as otherwise
provided in the Agreement, the Manager shall charge the Joint Account with: (1)
exploration expenditures made for the exploration activities

                                      B-3
<PAGE>
within the Property, (2) expenditures made for engineering, environmental,
planning, Development and construction related to the Property and for the
equipment and facilities necessary for Operations, including all working capital
and sustaining capital for ongoing Operations and for the expansion and updating
of Operations, and (3) costs and expenses of mining, processing, reclamation,
restoration, worker's compensation and other claims upon closing of the mines,
and any other costs following the mine closing. Such costs include, but are not
limited to the following:

2.1.     Property Payments.

Property payments, rentals, royalties and other payments out of production
(unless such royalties or other payments shall burden the ownership interests of
only one Participant) and fees, paid by the Manager for Operations including
permits, fees, and other charges which are assessed by various governmental
agencies. Such costs also include acquisition of easements, rights of way, and
surface rights.

2.2.     Labor.

         2.2.1.   Salaries and wages of the Manager's employees directly engaged
                  in and the conduct of and for the benefit of Operations,
                  whether temporarily or permanently assigned. The proportion of
                  salaries and wages charged will be prorated proportionate to
                  the time spent by employees for the benefit of Operations.
                  Salaries and wages shall include everything constituting gross
                  pay to employees as reflected on the Manager's payroll,
                  including travel time and overtime.

         2.2.2.   The Manager's cost of holidays, rest days, vacations,
                  disability benefits, sickness, and other customary allowances
                  and reasonable expenses which are paid or reimbursed under the
                  Manager's usual practice. Such amounts may be charged either
                  on a "percentage assessment" of salaries and wages, or on a
                  cash basis.

         2.2.3.   Costs of expenditures or contributions made pursuant to
                  assessments imposed by governmental authority which are
                  applicable to the Manager's cost of salaries and wages.

         2.2.4.   Personal Expenses of employees whose salaries and wages are
                  chargeable to the Joint Account under Section 2.2.1, but only
                  to the extent that such Personal Expenses are incurred in
                  connection with their efforts while directly engaged in the
                  conduct of and for the benefit of Operations.

         2.2.5.   The Manager's actual costs of established plans for employees'
                  group life insurance, hospitalization, medical, dental,
                  pension, retirement, stock purchase, profit sharing, thrift,
                  bonus, and other benefit plans of a similar nature applicable
                  to the Manager's labor cost chargeable to the Joint Account.

         2.2.6.   If a percentage assignment is used for Section 2.2.2 and
                  2.2.5, the rate shall be based on actual cost experience for
                  the previous year. Such rate shall be determined during the
                  first quarter of each year and shall be applied in current
                  year operations.

         2.2.7.   Relocation costs of employees permanently or temporarily
                  assigned and directly engaged in the conduct of Operations.
                  Such costs shall include transportation of employees' families
                  and their personal and household effects and all other
                  relocation costs in accordance with the Manager's usual
                  practice.
                                      B-4
<PAGE>
2.3. Material.

Material purchased or furnished by the Manager for use in Operations as provided
under Article 3. So far as is reasonably practical, and consistent with
efficient and economical operations, only such Material shall be purchased or
transferred for use in Operations as may be required for immediate use.

2.4.     Transportation.

         2.4.1.   Transportation of material and other related costs such as
                  expediting, crating, freight, and unloading at destination.

         2.4.2.   Transportation of employees as required in the conduct of
                  Operations.

         2.5.     Services.

         2.5.1.   The cost of consultants, contract labor, services, equipment,
                  and utilities procured from Outsiders.

         2.5.2.   Technical or research services, such as, but not limited to,
                  laboratory analysis, drafting, geophysical and geological
                  interpretation, engineering, reserve studies and related
                  computer services, and data processing, which may be delegated
                  to and performed by the specialized staffs of one of the
                  Participants or their Affiliate. Such professional services
                  shall be on a cost of service basis and charges shall not
                  exceed the cost of comparable quality services by qualified
                  Outsiders. Charges to the Joint Account for services directly
                  benefitting Operations shall be in addition to any charges
                  allowed under Sections 2.11 and 2.12.

         2.5.3.   In the event the Manager from time to time utilizes skilled
                  personnel of the Participants or their Affiliates for
                  performance of services either within the Property or
                  elsewhere for the benefit of Operations, whose time in full or
                  in part is not otherwise charged hereunder, a proper
                  proportion of the direct and indirect salary, employee
                  benefits, and travel expenses of such personnel shall be
                  charged to the Joint Account, provided such work is pursuant
                  to written authorization by the Manager. Such professional
                  services shall be on a cost of service basis and charges shall
                  not exceed the cost of comparable quality services by
                  qualified Outsiders.

         2.5.4.   Use of the Manager's and the non-Manager's separately owned
                  equipment and facilities for benefit of Operations. Such use
                  shall be charged to the Joint Account at rates commensurate
                  with the Manager's actual and full costs of ownership and
                  operation and such rates shall include cost of maintenance,
                  repairs, other operating expense, insurance, taxes (other than
                  income taxes), depreciation, and other overhead. These charges
                  shall not exceed the prevailing commercial rates in the area.

         2.5.5.   Data processing and computer services acquired for the benefit
                  of Operations may be contracted through Outsiders, or by
                  arrangement for computer services from one of the
                  Participants, or their Affiliates, even though such facilities
                  are not physically located within the Property. Charges to the
                  Joint Account under this provision for services directly
                  benefiting Operations shall be in addition to any charges
                  allowed under Section 2.11 and 2.12. Such professional
                  services shall be on a cost of service basis and charges shall
                  not exceed the cost of comparable quality services by
                  qualified Outsiders.

                                      B-5
<PAGE>
         2.5.6.   Any technical services, skilled personnel, equipment,
                  facilities or data processing services provided to Operations
                  by the non-Manager, at the request of the Manager, shall be
                  charged on the same basis as provided in Sections 2.5.2,
                  2.5.3, 2.5.4, and 2.5.5 above. The non-Manager shall bill the
                  Manager in accordance with Section 1.4.3 of the Accounting
                  Procedures. The Manager may audit the records of the
                  non-Manager with regard to such services in accordance with
                  the procedure set forth in Section 1.5.

2.6.     Repair and Replacement of Property.

All costs or expenses (net of the recoveries from insurance for which the
premiums have been charged to the Joint Account, if any) necessary for the
repair or replacement of property resulting from damages or losses incurred by
fire, flood, storm, theft, accident, or any other cause, excepting the Manager's
gross negligence or willful misconduct. The Manager shall furnish to the
non-Manager written notice of damages or losses in excess of Fifteen Thousand
Dollars ($15,000) as soon as practicable. Such costs and expenses include the
costs to combat and control the actions of the hazard.

2.7.     Insurance.

         2.7.1.   Premiums paid for Workers' Compensation or Employer's
                  Liability Insurance required to be carried for Operations.
                  Premiums paid for an insurance program covering such property,
                  business interruption, casualty, and fidelity risks as are
                  deemed prudent by the Manager based on sound business
                  judgment, which judgment shall be subject to review and
                  revision by the Management Committee. Premiums paid for other
                  insurance as requested by the Management Committee. Each
                  Participant may procure and maintain, at its own cost and
                  expense, such other insurance as it may determine to be
                  necessary to protect its interests, and any such insurance so
                  procured and maintained shall inure solely to the benefit of
                  the Participant procuring the same.

         2.7.2.   Actual expenditures incurred in the investigation, defense,
                  and settlement of all losses, claims, damages, judgments, and
                  other expenses for the benefit of Operations, excepting those
                  resulting from the Manager's gross negligence or willful
                  misconduct.
                                      B-6
<PAGE>
2.8.     Litigation and Claims.

All costs or expenses of handling, investigation and settling litigation or
claims arising by reason of Operations or necessary to protect or recover
property, including, but not limited to, attorneys' fees, court costs, cost of
investigation or procuring evidence and amounts paid in settlement or
satisfaction of any such litigation or claims. In the event actions or claims
affecting Operations shall be handled by the legal staff of one of the
Participants, a charge commensurate with the cost of providing such service is
chargeable to the Joint Account.

2.9.     Taxes.

All taxes (except taxes based on or determined with reference to income), fees,
and governmental assessments of every kind and nature. If the Manager is
required hereunder to pay ad valorem taxes based in whole or in part upon
separate valuations of each Participant's Interest, then notwithstanding
anything to the contrary herein, charges to the Joint Account shall be made and
paid by the Participants hereto in accordance with the percentage of tax value
generated by each Participant's Interest.

2.10.    Fines.

All fines resulting from non-compliance with applicable laws, rules, and
regulations, except to the extent that such fines were due to the gross
negligence or willful misconduct of the Manager.

2.11.    Direct Administrative Costs.

The net cost of maintaining and operating any offices (excepting the corporate
headquarters office), suboffices, camps, warehouses, housing, and other
facilities directly serving Operations shall be charged to the Joint Account. If
such facilities serve operations in addition to Operations, the net costs shall
be allocated to all operations served on an equitable basis mutually agreed to
by the Participants.

2.12.    Manager's Management Fee.

A charge to reimburse the Manager for overhead and other general and
administrative services of the Manager's corporate headquarters office equal to
the following percentages
                                      B-7
<PAGE>
applied to costs and expenses determined on a monthly basis under the provisions
of Paragraphs 2 through 7, 11 and 13 through 15 of this Article 2:

         2.12.1.  Ten percent (10%) of all cash expenditures incurred prior to
                  Development.

         2.12.2.  Ten percent (10%) of all cash expenditures incurred following
                  commencement of Development.

                    Notwithstanding the above, such Manager's fees shall not be
charged on the overhead of any contractors or agents. The overhead rates set out
above shall be reviewed annually at the request of either party. If a detailed
analysis of the Manager's actual cost experiences establishes that higher or
lower overhead expenses were incurred or are likely to be incurred, and if
higher, are reasonable in the circumstances, then the rates shall be amended by
the Management Committee. Such amendment shall be on the basis that the Manager
neither profits nor loses as a result thereof.

2.13.    Storage of Production Inventories.

Each Participant will bear the cost incurred for handling and storage of
merchantable ore or concentrates as follows:

         2.13.1.  Personal property taxes on ore or concentrates in storage for
                  a Participant within the Property shall be charged to such
                  Participant.

         2.13.2.  The cost of loading out such ore in storage for a Participant
                  from the Property shall be charged to such Participant.

         2.13.3.  Cost associated with providing storage of ore or concentrates
                  within the Property will be charged on a pro rata basis
                  determined by the Participants.

         2.13.4.  Other costs arising out of storage or handling of ore or
                  concentrates shall be charged to the Participant owning such
                  Materials.

         2.13.5.  Project Assets. The cost of all capital expenses of the Assets
                  which are normally depreciable, depletable, or amortizable,
                  including but not limited to land acquisition, exploration,
                  development, pre-mine development and stripping, machinery,
                  equipment, plant, buildings, rail facilities and equipment,
                  improvements, camp and port facilities, townsites and other
                  infrastructure, whether incurred or acquired prior to or after
                  Commencement of Commercial Production.

2.14.    Other Necessary Expenses.

Any other chargeable expenditures not covered or dealt with in the foregoing
provisions which are necessary and proper for the conduct of Operations.

                                      B-8
<PAGE>
                                   Article 3.
                  PRICING OF JOINT ACCOUNT MATERIAL PURCHASES,
                           TRANSFERS, AND DISPOSITION

           The Manager is responsible for Joint Account Material and shall make
proper and timely charges and credits for all Material movements affecting the
Property. The Manager shall provide all Material for use within the Property,
however, at the Manager's option, such Material may be supplied by the
non-Manager.

3.1.     Purchases.

Material purchased shall be charged at the price paid by the Manager after
deduction of all discount received. In case of Material found to be defective or
returned to vendor for any other reason, credit shall be passed to the Joint
Account when adjustment has been received by the Manager.

3.2.     Transfer and Dispositions.

Material furnished to the Property and Material transferred from the Property or
disposed of by the Manager, unless otherwise agreed to by the Participants,
shall be priced at its current fair market value.

         3.2.1.   Premium Prices. Whenever Material is not readily obtainable at
                  published or listed prices because of national emergencies,
                  strikes, or other unusual causes over which the Manager has no
                  control, the Manager may charge the Joint Account for the
                  required Material at the Manager's actual cost incurred in
                  providing such Material, in making it suitable for use, and in
                  moving it to the Property.

3.3.     Warranty of Material.

The Manager shall not be held responsible for defects in Material furnished for
Operations. In the event Material is defective, credit shall not be passed to
the Joint Account until the adjustment has been received by the Manager from the
manufacturer or its agents.
                                      B-9
<PAGE>
                                   Article 4.
                          DISPOSAL OF SURPLUS MATERIAL

4.1.     Distribution Generally.

The disposition of major items of surplus Material shall be decided upon by the
Manager. The Manager may purchase, but shall be under no obligation to purchase,
the interests of the non-Manager in surplus Material.

4.2.     Purchase by Participants.

Surplus Material purchased by either the Manager or the non-Manager shall be
credited by the Manager to the Joint Account at its fair market value.

4.3.     Distribution to Participants.

Division of Material in kind, if made between the Manager and the non-Manager,
shall be in proportion to their respective interests in such Material. Each
Participant will thereupon be charged individually with the value of the
Material received or receivable by each Participant, and corresponding credits
will be made by the Manager to the Joint Account. Such credits shall appear in
the monthly statement of operations.

         4.3.1.   Sales. Sales to Outsiders of Material from the Property shall
                  be credited by the Manager to the Joint Account at the net
                  amount collected by the Manager from vendee, which shall be
                  priced on the basis of the best available market price. Any
                  claim by vendee for defective Materials or otherwise shall be
                  charged back to the Joint Account if and when paid by the
                  Manager.

                                   Article 5.
                                   INVENTORIES

5.1.     Periodic Inventories.

The Manager shall take physical inventory of Joint Account Material at
reasonable intervals in accordance with generally accepted accounting principles
but not less than once a year. The non-Manager may be represented when any
inventory shall bind the non-Manager to accept the inventory taken by the
Manager.

5.2.     Reconciliation.

Reconciliation of inventories with the Joint Account shall be made by the
Manager, and a list of overages and shortages shall be furnished to the
non-Manager within ninety (90) days

                                      B-10
<PAGE>
following the taking of inventory. Inventory adjustments shall be made by the
Manager to the Joint Account for overages and shortages, but the Manager shall
be held accountable to the non-Manager only for shortages due to the lack of
reasonable diligence.

5.3.     Special Inventories.

Whenever there is a sale or change of Interest in the Mineral Rights, the
Property or the Assets, a special inventory may be taken by the Manager,
provided the seller or purchaser or such Interest requests such inventory and
agrees to bear all of the expense thereof. In such cases, both the seller and
the purchaser shall be entitled to be represented. A special inventory shall be
required when there is a change in the Manager. The cost of the latter inventory
will be charged to the Joint Account when the change in the Manager does not
come about as the result of a sale of the former Manager's Interest.

5.4.     Expenses.

The expense incurred by the Manager in conducting periodic inventories shall be
charged to the Joint Account.
                                      B-11
<PAGE>
Stillwater West PGM Venture Agreement  November 1, 2001             CONFIDENTIAL

                                    EXHIBIT C

                           NET SMELTER RETURN ROYALTY
<PAGE>
                                    EXHIBIT C

Attached to and made part of that certain Option Agreement dated the 1st day of
 November, 2001 between Idaho Consolidated Metals Corporation and First Choice
                                Industries, LTD.

                           NET SMELTER RETURN ROYALTY

1.       The royalty which may be payable to Idaho Consolidated Metals Corp.
         (hereinafter called the "Payee") by First Choice Industries, LTD.
         (hereinafter called the "Payor") will be three percent (3%) of One
         Hundred percent (100%) of the Net Smelter Revenue (as hereinafter
         defined) and will be calculated and paid to the Payee in accordance
         with the terms of this schedule. Terms having defined meanings in the
         agreement and used herein will have the same meanings in this Schedule
         as assigned to them in the Assignment of Interest Agreement unless
         otherwise specified or the context otherwise requires.

2.       The Net Smelter Revenue will be calculated on a calendar quarterly
         basis and will, subject to paragraph 7 of this schedule, be equal to
         gross revenue less permissible deductions for such quarter.

3.       The following words will have the following meanings:

         3.1.     "Gross Revenue" means the aggregate of the following amounts
                  received in each quarterly period following the commencement
                  of commercial production from the Mining Properties:

                  3.1.1.   The revenue received by the Payor from arm's-length
                           purchasers of all product;

                  3.1.2.   the fair market value of all Product sold by the
                           Payor in such period to persons not dealing at
                           arm's-length with the Payor; and

                  3.1.3.   Any proceeds of insurance on Product;

                                      C-1
<PAGE>
         3.2.     Ore means all materials from the mining properties, the nature
                  and composition of which justifies either:

                  3.2.1.   Mining or removing from place and shipping and
                           selling such material, or delivering such material to
                           a processing plant for physical or chemical
                           treatment; or

                  3.2.2.   Leaching such material in place;

                  3.2.3.   "Permissible Deductions" means the aggregate of the
                           following charges (to the extent that they are not
                           deducted by any purchaser in computing payment) that
                           are paid in each quarterly period:

                           3.2.3.1. Sales charges levied by any sales agent on
                                    the sale of Product,

                           3.2.3.2. Transportation costs for Product from the
                                    Mining Properties to the place of
                                    beneficiation, processing or treatment and
                                    thence to the place of delivery of product
                                    to a purchaser thereof, including shipping,
                                    freight, handling and forwarding expenses;

                           3.2.3.3. All costs, expenses and charges of any
                                    nature whatsoever which are either paid or
                                    incurred by Payor in connection with
                                    refinement, beneficiation of product after
                                    leaving the property, including all
                                    weighing, sampling, assaying and
                                    representation costs, metal losses, any
                                    umpire charges and any penalties charged by
                                    the processor, refinery or smelter, and

                           3.2.3.4. All insurance costs on Product, and any
                                    government royalties, production taxes,
                                    severance taxes and sales and other taxes
                                    levied on Ore, Product or on the production
                                    or value thereof (other than any Federal or
                                    State taxes levied on the income or profit
                                    of the Payor);

                  3.2.4.   "Product" means: the

                           3.2.4.1. All ore shipped and sold prior to treatment,
                                    and

                           3.2.4.2. All concentrates, precipitates and products
                                    produced from Ore.

4.       The payment on account of the royalty for each calendar quarter will be
         calculated and paid within 60 days after the end of each calendar
         quarter. Smelter settlement sheets, if any, and a statement setting
         forth calculations in sufficient detail to show the payments derivation
         (the "Statement") must be submitted with the payment.

5.       In the event that final amounts required for the calculation of the
         payment on the account of the royalty are not available within the time
         frame referred to in section 4

                                      C-2
<PAGE>
         of this schedule C, then provisional amounts will be estimated and such
         payment will be paid on the basis of this provisional calculation.
         Positive or negative adjustments will be made to the payment on account
         of the royalty for the succeeding quarter.

6.       All payments on account of the royalty will be considered final and in
         full satisfaction of all obligations of the Payor with respect thereto,
         unless the Payee delivers to the Payor a written notice (the "Objection
         notice") describing and setting forth a specific objection to the
         calculation thereof within 60 days after receipt by the payee of the
         statement. If the Payee objects to a particular statement as herein
         provided, the Payee will, for a period of 60 days after the Payor's
         receipt of such objection notice, have the right, upon reasonable
         notice and at a reasonable times, to have the Payor's accounts and
         records relating to the calculation of the payment in question audited
         by the auditors of the payee. If such audit determines that there has
         been a deficiency or an excess in payment due to the payee, such
         deficiency or excess will be resolved by adjusting the next quarterly
         payment due hereunder. The Payee will paid or at the costs and expenses
         of such product unless the deficiency of five (5) percent or more of
         the amount due is determined to exist. The Payor will pay the costs and
         expenses of such audit if a deficiency of five (5) percent or more of
         the amount due is determined to exist. Failure on the part of the Payee
         to make a claim against the Payor for adjustment in such 60 day period
         by delivery of objection noticed will conclusively establish the
         correctness and sufficiency of the statement and payment on account of
         the royalty for such quarter.

7.       All profits and losses resulting from the Payor engaging in any
         commodity futures trading, options trading, metals trading, gold loans
         or any combination thereof, and any other hedging transactions with
         respect to the product which is a precious metal (collectively,
         "Hedging Transactions") are specifically excluded from calculations of
         the payment on account of the royalty pursuant to this schedule C but
         (it being the intent of the parties that the Payor will have the
         unrestricted right to market and sell Product to third parties in any
         manner it chooses and that the payee will not have any right to
         participate in such marketing activities or to share in a profit losses
         therefrom. All hedging transactions by the Payor and all profit or
         losses associated therewith, if any, will be solely for the Payor's
         account. The amount of net smelter revenue derived from all products
         subject to Hedging Transactions by the Payor will be determined
         pursuant to the provisions of this paragraph 7 and not to Paragraph 2.
         As to precious metal subject to hedging transactions by the Payor, Net
         Smelter Revenue will be determined without reference to Hedging
         Transactions and will be determined by using the quarterly average
         price of the metal, which will be calculated by dividing the sum of all
         the London Bullion Market Association P.M. Metal Fix prices reported
         for the calendar quarter in question by the number of days for which
         such prices were quoted. Any product subject to Hedging Transactions
         will be deemed to be sold, and revenues received therefrom, only on the
         date of the final settlement of the amount of refined product allocated
         to the account of the Payor by a third party refinery in respect of
         such transactions. Furthermore, the Payor will have no obligations to

                                      C-3
<PAGE>
         fulfill any futures contracts, forward sales, gold loans or other
         Hedging Transactions which the Payor may hold with product.

8.       If the Royalty becomes payable to two or more parties, those parties
         will appoint, and will deliver to the Payor a document executed by all
         of those parties appointing, a single agent or trustee of all such
         parties to whom the Payor will make all payments on account of the
         royalty. The Payor will have no responsibility as to the division of
         the royalty payments to such parties, and if the Payor makes a payment
         or payments on account of the royalty in accordance with the provisions
         of this paragraph 8, it will be conclusively deemed that such payment
         or payments have been received by the Payee. All charges of the agent
         or trustee will be borne solely by the parties receiving payments on
         account of the royalty.
                                      C-4
<PAGE>

Stillwater West PGM Venture Agreement  November 1, 2001             CONFIDENTIAL

                                    EXHIBIT D

                                    INSURANCE
<PAGE>
                                    EXHIBIT D

      Attached to and made part of that certain Option Agreement dated the
     1st day of November, 2001 between Idaho Consolidated Metals Corporation
                        and First Choice Industries, LTD.

                                    INSURANCE

           The Manager shall, at all times while conducting Operations, comply
fully with the applicable worker's compensation laws and purchase, or with the
unanimous consent of the Management Committee provide through self-insurance,
protection for the Participants comparable to that provided under standard form
insurance policies for (i) comprehensive public liability and property damage
with combined limits of Two Million Dollars for bodily injury and property
damage; (ii) automobile insurance with combined limits of Two Million Dollars;
and (iii) adequate and reasonable insurance against risk of fire and other risks
ordinarily insured against in similar operations. If the Manager elects to
self-insure, it shall charge to the Joint Account an amount equal to the premium
it would have paid had it secured and maintained a policy or policies of
insurance on a competitive bid basis in the amount of such coverage. Each
Participant may self-insure or purchase for its own account such additional
insurance as it deems necessary.
                                      D-1

                                   EXHIBIT E

                            MAP OF AREA OF INTEREST

                       [GRAPHIC OMITTED] MAP OF AREA OF INTEREST

<PAGE>
Stillwater West PGM Venture Agreement  November 1, 2001             CONFIDENTIAL

                                    EXHIBIT F

                           MINING DEED AND ASSIGNMENT
<PAGE>
Stillwater West PGM Venture Agreement  November 1, 2001             CONFIDENTIAL

                                    EXHIBIT F

      Attached to and made part of that certain Option Agreement dated the
     1st day of November, 2001 between Idaho Consolidated Metals Corporation
                        and First Choice Industries, LTD.
_________________________
When Recorded, Return to:|
                         |
                         |
_________________________|
                           MINING DEED AND ASSIGNMENT

This Mining Deed and Assignment is made as of ____________________ 20__ by Idaho
Consolidated Metals Corp., a British Columbia corporation (hereinafter called
"Grantor") to Stillwater West PGM Venture, a Montana joint venture comprised of
Idaho Consolidated Metals Corp., a British Columbia corporation, and First
Choice Industries, Ltd., a British Columbia corporation (hereinafter called
"Grantee").

KNOW ALL MEN BY THESE PRESENTS that Grantor, for and in consideration of $10.00
and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged by Grantor, does hereby grant and convey to Grantee all
of the right, title and interest of the Grantor in and to the unpatented lode
claims in Park and Sweet Grass Counties, Montana, more particularly described in
Exhibit A (hereinafter collectively called the "Properties").

TOGETHER WITH all and singular the tenements, hereditaments and appurtenances
thereunto belonging or in anywise appertaining, including all extralateral
rights and all ores, waste and rock therein or thereon, and together with all
right, title and interest therein which Grantor may hereafter acquire.

SUBJECT TO current taxes, assessments, reservations in patents, and the
Underlying Agreements.

GRANTOR REPRESENTS AND WARRANTS to Grantee that Grantor has full power and
authority to execute this Deed and to transfer and assign the Underlying
Agreements.
                                      F-1
<PAGE>
1.       Grantor further represents and warrants to Grantee the following as of
         the date hereof:

         (a)      Grantor is a corporation duly organized and validly existing
                  under the laws of the Province of British Columbia, Canada
                  qualified to transact business in the State of Montana and has
                  the requisite power and authority to convey the Properties in
                  accordance with the terms of this Deed.

         (b)      The person(s) executing this Deed on behalf of Grantor is
                  (are) duly authorized so to do.

         (c)      To the best of Grantor's knowledge and belief with respect to
                  unpatented mining claims set forth in Exhibit A and that are
                  included within the Properties, subject to the paramount title
                  of the United States and except as disclosed in writing to the
                  Grantee:

                  (i)      the unpatented mining claims were properly laid out
                           and monumented;

                  (ii)     all required location and validation work was
                           properly performed;

                  (iii)    location notices and certificates were properly
                           recorded and filed with appropriate governmental
                           agencies;

                  (iv)     the claims are free and clear of defects, liens and
                           encumbrances arising by, through or under Grantor,
                           except those of record, state and federal
                           environmental and development laws, rules and
                           regulations, and in this Agreement and defects,
                           liens, and any such encumbrances that do not
                           materially affect Grantee's rights under this
                           Agreement;

                  (v)      Grantor has not received notice from anyone asserting
                           conflicting claims; and

                  (vi)     the unpatented mining claims are in good standing and
                           compliance with all federal and state regulations in
                           force as of the effective date of this Agreement.

                           Nothing in this paragraph, however, shall be deemed
                           to be a representation or a warranty that any of the
                           mining claims contains a discovery of minerals.

         (f)      Grantor knows of no violation of any applicable federal,
                  state, regional, or county law or regulation relating to
                  zoning, land use, environmental protection, or otherwise with
                  respect to the Properties or activities relating thereto; and,

         (g)      With respect to the Properties, Grantor knows of no pending or
                  threatened actions, suits, claims or proceedings.

                                      F-2
<PAGE>
2.       Any failure or loss of title to the Properties, and all costs of
         defending title, shall be paid by the Grantee, except that all costs
         and losses arising out of or resulting from breach of the
         representations and warranties of Grantor shall be charged to Grantor
         and all such costs and losses arising out of gross negligence by
         Grantee shall be charged to Grantee as the case may be. Grantee shall
         have the right, but not the obligation, to undertake to cure such
         defects or to defend or to initiate litigation to defend such defects.

         With respect to third party claims:

         (a)      If Grantor fails to satisfy and discharge any mortgage, lien,
                  tax levy or encumbrance (an "Encumbrance") chargeable solely
                  or in part to Grantor on the claims listed on Exhibit A, or
                  suffers or permits any Encumbrance to be imposed upon such,
                  Grantee at its option may, but shall not be obligated to, pay
                  for and discharge any Encumbrance and set off such payment by
                  withholding and retaining from any payments due Grantor any
                  amounts so paid by Grantee, without prejudice to any right of
                  Grantee to recover from Grantor the amount of such payment, in
                  any manner or by any remedy whatsoever, and Grantee shall have
                  all the rights and remedies against Grantor which the
                  mortgagor, lienor or creditor had immediately prior to the
                  time of such payment. Upon the request of Grantee, Grantor
                  shall promptly make, execute, acknowledge and deliver to
                  Grantee any and all instruments (in a form and substance
                  satisfactory to Grantee) that Grantee in its sole judgment may
                  deem necessary or desirable to fully effectuate the provisions
                  of this paragraph.

         (b)      If any person or entity not a party hereto asserts to have a
                  claim of ownership in the claims listed on Exhibit A, or a
                  claim to a share in the production from the claims listed on
                  Exhibit A (an "Adverse Claim"), Grantee at its sole
                  discretion, after written notice to Grantor, may suspend its
                  obligation to make payments as provided herein, and in lieu
                  thereof, may deposit in an interest-bearing account payments
                  equivalent to payments which may otherwise become due Grantor.
                  Such deposit or deposits shall remain in such interest-bearing
                  account until the claim or controversy is resolved or settled
                  by final court decision, by arbitration, negotiation or
                  otherwise. When Grantee is required or elects to make any
                  payments to such persons or entities not a party hereto as a
                  result of, or in settlement of, any such Adverse Claim, either
                  by way of contract, settlement, compromise, final court
                  judgment, or otherwise, Grantee may recover from, or credit
                  against, any payments thereafter becoming due Grantor
                  hereunder, the amount of such payments of all other costs and
                  expenses (including reasonable attorneys fees) paid or
                  incurred by Grantee as a result of any such Adverse Claim.

                                      F-3
<PAGE>
         DATED:______________________, 20_____

                                                Idaho Consolidated Metals Corp.
                                                a British Columbia corporation,

Attest_____________________________By________________________________________
                                      Wilf Struck
Secretary-Treasurer                   Vice President and Chief Operating Officer

                                      F-4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00038-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00038-of-00352.parquet"}]]