Document:

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                                                                   EXHIBIT 10(c)

                              EMPLOYMENT AGREEMENT

AGREEMENT made as of the 26th day of June, 2000 by and between Corniche Group
Incorporated, a Delaware corporation having offices at 610 S. Industrial Blvd,
Suite 220, Euless, Texas 76040 (the "Company"), and David H. Boltz (the
"Executive").

WHEREAS, the Company and the Executive wish to set forth the terms and
conditions of the Executive's employment by the Company.

NOW, THEREFORE, the parties hereto agree as follows:

     1.   Employment. The Company agrees to employ the Executive in the capacity
          herein after set forth, for the term specified in paragraph 2, and the
          Executive agrees to accept such employment, upon the terms and
          conditions hereinafter set forth.

     2.   Term. This Agreement shall be for a term commencing on [June 26th,
          2000] (the "Effective Date") and unless this Agreement is sooner
          terminated under the provisions hereof, expiring three years
          thereafter (the "Term").

     3.   Duties and Responsibilities.

          (a)  During the Term, the Executive shall serve as an officer of the
               Company and shall have the title of Vice President Chief
               Information Officer. The Term may be extended for such duration
               and upon such terms and conditions as to which the Company and
               the Executive may agree, on or prior to, the expiration of the
               Term.

          (b)  The Executive shall devote substantial business efforts to the
               Company. Other business activities of the Executive shall be
               limited in time and scope and not conflict with the terms of this
               Agreement. The Executive will (i) devote his best efforts, skill
               and ability to promote the Company's interest; (ii) carry out his
               duties in a competent and professional manner; (iii) work with
               other employees of the Company in a competent and professional
               manner and (iv) generally promote the best interests of the
               Company.

          (c)  The Executive's normal place of business shall be 610 S.
               Industrial Blvd., Suite 220, Euless, Texas 76040.

          (d)  The Executive shall have the powers and duties commensurate with
               his position and the authority to perform these and other such
               duties as may reasonably be assigned from time to time that are
               not inconsistent with such position.

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     4.   Compensation.

          (a)  As compensation for services hereunder and in consideration of
               his agreement not to compete as set forth in Section 9 below,
               during the Term, the Company shall pay the Executive in
               accordance with the Company's normal payroll practices base
               salary compensation at an annual rate of $75,000.00 less required
               tax withholding amounts. The annual rate of salary compensation
               may be reviewed and increased at the discretion of the Board.
               Annual bonuses may be awarded at the sole discretion of the
               Board.

          (b)  As additional consideration for the Executive's agreement to
               provide services to the Company hereunder, the Executive will
               receive, non-qualified stock options having a term of five years
               and covering a total of 100,000 of the Company's shares of common
               stock. Said options will be granted under the terms of an Option
               Agreement dated the date hereof and annexed hereto as Exhibit A
               at the exercise prices and on the vesting terms set forth
               therein.

     5.   Expenses: Fringe Benefits.

          (a)  In addition to the compensation provided for under Section 4, the
               Company agrees to pay or to reimburse the Executive during the
               Term for all reasonable, ordinary and necessary vouchered
               business or entertainment expenses incurred in the performance of
               his duties hereunder in a manner established by the Company's
               policy as from time to time in effect.

          (b)  During the Term the Executive shall be entitled to participate in
               a health care plan at the Company's expense and such life
               insurance and 401K plans and other employee benefit plans which
               become available to senior employees of the Company, including
               participation in any stock plans and annual incentive plans
               established by the Company. The executive may add family members
               to the company's health plan at the executive's expense.

          (c)  The Executive shall be entitled to a combined 2 weeks 10 business
               days of paid vacation per calendar year in addition to ten 10
               public holidays provided that no more than ten 10 consecutive
               days of vacation shall be taken at any one time without the prior
               approval of the Chief Executive Officer of the Company.

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6.   Discharge by Company.

          (a)  The Company shall be entitled to terminate the Term and to
               discharge the Executive for "cause". The term "cause" shall be
               limited to the following.

                (i)     The Executive's failure or unreasonable refusal to
                        perform his duties and responsibilities under this
                        Agreement.

                (ii)    Dishonesty affecting the Company.

                (iii)   Conviction of a felony or of any crime involving fraud
                        or misrepresentations.

                (iv)    The Executive's failure to adequately perform his
                        responsibilities.

                (v)     The commission of a willful or intentional act which
                        could injure the reputation, business or business
                        relationships of the Company.

                (vi)    Any material breach of this Agreement, if such breach is
                        not cured within 30 days after receipt by the Executive
                        of written notice thereof from the Company, and

          (b)  Disability pursuant to Section 7 hereof.

          (c)  If Executive's employment is terminated by the Company without
               cause, in addition to the salary and benefits accrued through the
               date of termination, Executive will receive as severance an
               amount equal to 18 months base salary. Such severance payment
               shall be payable in equal installments or as mutually agreed by
               the Executive and the Company in a lump sum discounted using the
               prime rate then in effect at Citibank, N.A. In addition to his
               base salary the Company will pay Executive the cost of continuing
               medical insurance. Termination without cause shall include action
               by the Company, without Executive's consent, pursuant to which
               his duties or title are materially reduced or assignment of
               duties become materially inconsistent with duties stated herein.

     7.   Disability, Death.

          (a)  If the executive shall be unable to perform his duties hereunder
               by virtue of physical or mental incapacity or disability (from
               any cause or causes whatsoever) in substantially the manner and
               to the extent required hereunder prior to the commencement of
               such disability (all such causes being herein referred to as
               "disability") and the Executive shall fail to have performed
               substantially such duties for periods aggregating ninety (90)
               days, whether or not continuous, in any continuous period of one
               hundred eighty (180) days, the Company shall have the right to
               terminate the Executive's employment hereunder as at the end of
               any calendar month

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               upon written notice to him. Said notice of intention to terminate
               the Executive must be given by the Company within ninety (90)
               days following the 90th day of disability, in which case the
               Executive shall be entitled to his base salary compensation to
               the end of such calendar month and for a continuing period of
               three (3) months thereafter payable on the regular payroll
               schedule.

          (b)  In the case of the death of the Executive, this Agreement shall
               terminate and the company shall be obligated to pay to the
               Executive's estate or as otherwise directed by the Executive's
               duly appointed and authorized legal representative, his then base
               salary compensation and all accrued benefits through the date of
               death.

     8.   Voluntary Termination. The Executive may terminate his employment for
          any reason at any time upon ninety (90) days prior written notice to
          the Company. If the Executive voluntarily terminates his employment
          prior to the term hereunder, he shall only be entitled to receive
          compensation accrued through the date of termination and shall not be
          entitled to any prorated amounts for vacation pay.

     9.   Confidentiality; Covenant Against Competition; Intellectual Property.

          (a)  The Executive recognizes and acknowledges that all information
               pertaining to the affairs, business, clients or customers of the
               Company or any of its subsidiaries or affiliates or predecessors
               (any or all of such of such entities being hereinafter referred
               to as the "Businesses"), as such information may exist from time
               to time, other than information that the Company has previously
               made publicly available or which has otherwise entered the public
               domain through no fault of the Executive, is confidential
               information and is a unique and valuable asset of the Businesses,
               access to and knowledge of which will be essential to the
               Executive's duties under this Agreement. In consideration of the
               payments made to him hereunder, the Executive shall not, except
               to the extent reasonably necessary in the performance of his
               duties under this Agreement, during the term of his employment
               hereunder and thereafter, divulge to any person, firm,
               association, corporation or governmental agency, any information
               concerning the affairs, business, clients or customers of the
               Business (except such information as is required by law to be
               divulged to a government agency or pursuant to subpoena or
               similar lawful process), or make use of any such information for
               his own purposes or for the benefit of any person, firm,
               association, company, corporation (except the Businesses) or
               entity and shall use his reasonable best efforts to prevent the
               disclosure of any such information by others. All records,
               memoranda, letters, books,

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               papers, reports, customer lists, accountings or other data and
               records and documents relating to the Businesses, whether made by
               the Executive or otherwise coming into his possession, are
               confidential information and are, shall be, and shall remain the
               property of the Businesses. No copies thereof shall be made which
               are not retained by the Businesses, and the Executive agrees, on
               termination of his employment, that he will not retain or make
               copies of any such documents relating to the Businesses and, on
               demand of the Company, deliver the same to the Company.

          (b)  All information and all of the Executive's interest in trade
               secrets, trademarks, computer programs, customer information,
               customer lists, employee lists, products, procedures, copyrights,
               patents and developments developed by the Executive as a result
               of, or in connection with, his employment hereunder, shall belong
               to the Company; and without further compensation, but at the
               Company's expense, upon the request of the Company, the Executive
               shall execute any and all assignments or other documents and take
               any and all such other action as the Company may reasonably
               request in order to vest in the Company all of the Executive's
               right, title, and interest in and all of the foregoing items,
               free and clear of all liens, charges and encumbrances of the
               Executive of any kind.

          (c)  In consideration of the payments made to him hereunder, during
               the period commencing on the effective date of the termination of
               his employment and ending on the second (2nd) anniversary of such
               effective date of termination, or in the case of termination for
               any reason during the Trail Period (90) days ending on the first
               (1st) anniversary of such effective date of termination
               (collectively, such periods to be referred to as the "Restrictive
               Period"), the Executive shall not, without the express prior
               written approval of the Board, as evidenced by a resolution of
               the Board, directly or indirectly, for himself or on behalf of or
               in conjunction with, any other person, persons, company,
               partnership, corporation or business of whatever nature:

               (i)  own or hold any proprietary interest in, be employed by or
                    receive remuneration from, or engage as an officer, director
                    or in any managerial capacity, whether as an employee,
                    independent contractor, consultant or advisor, or as a sales
                    representative of, any corporation, company, partnership,
                    sole proprietorship or other entity engaged in competition
                    with the Company or any of its subsidiaries or affiliates (a
                    "Competitor") in the "Territory", other than severance-type
                    or retirement-type benefits from entities constituting prior
                    employers of the Executive;

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                    (ii)  solicit for himself or for the account of any
                          Competitor, any customer or client of the Company or
                          its subsidiaries or affiliates, or, in the event of
                          the Executive's termination of his employment, any
                          entity or individual that was such a customer or
                          client during the eighteen (18) month period
                          immediately preceding the Executive's termination of
                          employment;

                    (iii) Act on behalf of himself or any Competitor to
                          interfere with the relationship between the Company or
                          its subsidiaries or affiliates and their employees,
                          independent contractors, customers or suppliers;

                    (iv)  Hire an employee of the Company or induce any such
                          employee to leave the employment of the Company.

                    For the purposes of this Agreement, "Territory" shall mean
                    each and every State in the United States or any other
                    country in which the Businesses conduct business operations.

                    For the purposes of the preceding paragraphs, (i) the term
                    proprietary interest means legal or equitable ownership,
                    whether through shareholding or otherwise, of an equity
                    interest in a business, firm or entity other than ownership
                    of less than two (2%) percent of any class of equity
                    interest in a publicly held business, firm or entity and
                    (ii) an entity shall be considered to be "engaged in
                    competition" if such entity is, or is a holding company for,
                    a company or corporation that directly competes with any
                    aspect of the business of the Businesses as it is being
                    conducted by them at the date of termination of employment,
                    in the Territory, with the phrase " directly competes" to be
                    interpreted reasonably by the parties so as to protect the
                    Company against unfair competition without unnecessarily
                    intruding on the Executive's ability to earn a living in his
                    area of expertise.

               (d)  The Executive acknowledges the reasonableness of the
                    restrictions contained in this Section 9. The Executive
                    acknowledges that the Company, and its successors and
                    assigns would be irreparably injured in a manner not
                    adequately compensated by money damages by a breach or
                    violation of the provisions of this Section 9 by the
                    Executive. Therefore, in the event of any such breach or
                    violation (or threatened breach or violation), in addition
                    to all other rights and remedies which the Company, whether
                    at law or in equity, the Company and its successors and
                    assigns shall be entitled to obtain injunctive or other
                    equitable relief against the Executive without the need to
                    post bond or other security in connection therewith and the
                    Executive hereby consents to the entry of an order for such
                    injunctive or other equitable relief.

               (e)  The Executive's agreement as set forth in this Section 9
                    shall survive the expiration of the Term and the termination
                    of the Executive's employment with the Company.

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               (f)  If any court determines that the provisions of this Section
                    9, or any part thereof, is unenforceable because of the
                    duration or geographic scope of such provisions, such court
                    shall have the power to reduce the duration or scope of such
                    provisions, as the case may be, so that, as so reduced, such
                    provisions are then enforceable to the maximum extent
                    permitted by applicable law.

               (g)  From the date hereof until the end of the Term, the
                    Executive will disclose to the Company all ideas, inventions
                    and business plans developed by him during such period which
                    relate directly or indirectly to the business of the Company
                    including without limitation, any design, logo, slogan or
                    campaign or any process, operation, product or improvement
                    which may be patentable or copyrightable. The Executive
                    agrees that all patents, licenses, copyrights, tradenames,
                    trademarks, service marks, campaigns, designs, logos,
                    slogans and business plans developed or created by the
                    Executive in the course of his employment hereunder, either
                    individually or in collaboration with others, will be deemed
                    works for hire and the sole and absolute property of the
                    Company. The Executive agrees that, at the Company's
                    request, he will take all steps to secure the rights thereto
                    to the Company by patent, copyright or otherwise.

          10.  Change of Control. In the event of a "change in control" in the
               Company, prior to the vesting date for any stock options provided
               to the Executive under this Agreement, that adversely impacts
               Executive's ability to vest in or to exercise such options, the
               company shall either accelerate the vesting date of the options
               such that the Executive may exercise them in timely fashion; or
               pay to Executive the cash value of the options (fair market value
               of shares less exercise price) immediately prior to the date of
               the change of control; or make some financial arrangement making
               executive whole that is mutually agreeable to the Company and the
               Executive. A "change in control" shall be deemed to occur when, a
               corporation, partnership, association or entity, directly or
               indirectly (through a subsidiary or otherwise), (i) acquires or
               is granted the right to acquire, directly or though merger or
               similar transaction, a majority of the Company's outstanding
               voting securities or shares, or (ii) all or substantially all of
               the Company's assets.

               In addition, upon a change of control Executive shall have the
               option, exercisable in writing within 30 days after the effective
               date of the change in control, to terminate the Employment
               Agreement and to receive as a severance payment an amount equal
               to 18 months base salary. Such severance payment shall be payable
               in equal monthly installments or, at the option of the Company,
               in a lump sum payment discounted based on the then current prime
               rate of interest of Citibank N.A. In addition to his base salary
               the Company will pay Executive the cost of continuing medical
               insurance for the severance period.

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          11.  Resolution of Disputes. Any dispute by and among the parties
               hereto arising out of or relying to this Agreement, the terms,
               conditions or a breach thereof, or the rights or obligations of
               the parties with respect thereto, shall be arbitrated in the
               [Tarrant County, Texas] before and pursuant to then applicable
               commercial rules and regulations of the American Arbitration
               Association, or any successor organization. The arbitration
               proceedings shall be conducted by a panel of three arbitrators,
               one of whom shall be selected by the Company, one by the
               Executive (or his legal representative) and the third arbitrator
               by the first two chosen. The parties shall use their best efforts
               to assure that the selection of the arbitrators shall be
               completed within thirty (30) days and the parties shall use their
               best efforts to complete the arbitration as quickly as possible.
               In such proceeding, the arbitration panel shall determine who is
               a substantially prevailing party and shall award to such party
               its reasonable attorneys', accounts' and other professionals'
               fees and its costs incurred in connection with the proceeding.
               The award of the arbitration panel shall be final, binding upon
               the parties and nonappealable and may be entered in and enforced
               by any court of competent jurisdiction. Such court may add to the
               award of the arbitration panel additional reasonable attorneys'
               fees and costs incurred by the substantially prevailing party in
               attempting to enforce the award.

          12.  Enforceability. The failure of either party at any time to
               require performance by the other party of any provision hereunder
               in no way shall affect the right of that party thereafter to
               enforce the same, nor shall it affect any other party's right to
               enforce the same, or to enforce any of the other provisions of
               this Agreement; nor shall the waiver by either party of the
               breach of any provision hereof be taken or held to be a waiver of
               any subsequent breach of such provision or as a waiver of the
               provision itself.

          13.  Assignment. This Agreement is a personal contract and the
               Executive's rights and obligations hereunder may not be sold,
               transferred, assigned, pledged or hypothecated by the Executive.

          14.  Modification. This Agreement cannot be cancelled. changed,
               modified, or amended orally, and no cancellation, change,
               modification or amendment shall be effective or binding, unless
               it is in writing, signed by both parties to this Agreement.

          15.  Severability: Survival. If any provision of this Agreement is
               held to be void and unenforceable by a court of competent
               jurisdiction, the remaining provisions of this Agreement
               nevertheless shall be binding upon the parties with same effect
               as though the void or unenforceable part has been severed and
               deleted.

          16.  Notice. Notices given pursuant to the provisions of this
               Agreement shall be sent by certified mail, postage prepaid, or by
               overnight courier, or by telex, telecopier or telegraph, charges
               prepaid, to the following address:

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                           To the Company

                           Corniche Group Incorporated
                           610 S. Industrial Blvd.,
                           Suite 220
                           Euless, Texas 76040
                           Fax:  (817) 283 4365

                           with a copy to:

                           Haynes and Boone, LLP
                           901 Main St., Suite 3100
                           Dallas, Texas 75202

                           To the Executive

               Mr. David H. Boltz, residing at 3819 Temple Hall Hwy. Granbury
               Texas 76049.

          17.  Applicable Law. This Agreement shall be governed by and construed
               in accordance with the laws of the State of Texas.

          18.  No Conflict. The Executive represents and warrants that he is not
               subject to any agreement, instrument, judgement order or decree
               of any kind, or any other restrictive agreement of any character,
               which would prevent him from entering into this Agreement or
               which would be breached by the Executive upon his performance of
               his duties pursuant to this Agreement.

          19.  Entire Agreement. This Agreement represents the entire agreement
               between the Company and the Executive with respect to the subject
               matter hereof.

IN WITNESS WHEREOF, the parties have set their hands and seals on and as of the
day and year first written above.

                                                     CORNICHE GROUP INCORPORATED

                                                     /s/ ROBERT F. BENOIT
                                                     ----------------------
                                                     Robert F. Benoit
                                                     Chief Executive Officer

                                                     EXECUTIVE

                                                     /s/ DAVID H. BOLTZ
                                                     ----------------------
                                                     David H. Boltz
                                                     Vice President CIO

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                                                                       EXHIBIT A

                           CORNICHE GROUP INCORPORATED

                      NON-QUALIFIED STOCK OPTION AGREEMENT

         AGREEMENT made as of June 26th, 2000, by and between Corniche Group
Incorporated, a Delaware corporation with its principal place of business at 610
S. Industrial Blvd., Suite 220, Euless, Texas 76040 (the "Company"), and the
undersigned (the "Optionee").

                                   WITNESSETH:

         WHEREAS, the Company considers it desirable and in its best interests
that the Optionee be encouraged to acquire an ownership interest in the Company,
and thereby have an added incentive to advance the interests of the Company, by
the grant of an option to purchase shares of the Company's common stock, par
value $.001 per share (the "Common Stock"), on the terms and conditions
hereinafter set forth; and

         NOW, THEREFORE, in consideration of the premises and of the mutual
covenants and agreements contained herein, the Company and the Optionee hereby
agree as follows:

1.       GRANT OF OPTION.

         The Company hereby grants to the Optionee, the right, privilege and
option (the "Option") to purchase 100,000 shares of the Company's Common Stock
(the "Shares") at the exercise prices $1.94 and on the vesting terms ("Vesting
Terms") set forth in Appendix A. Such number of Shares issuable upon exercise of
the Option shall be subject to adjustment as provided in Section 7 below.

2.       TIME OF EXERCISE OF OPTION.

         Subject to the provisions of Section 4 below, the Option shall vest as
provided in Appendix A, provided, however, that upon a Change in Control of the
Company (as defined in the Employment Agreement between the Company and the
Optionee dated June 26th, 2000), the Option shall be immediately exercisable.
To the extent the Option is not exercised by the Optionee when it becomes
exercisable, it shall continue in full force and effect until the Expiration
Date (as hereinafter defined).

3.       METHOD OF EXERCISE.

         The Option shall be exercised by written notice in the form of Appendix
B hereto directed to the Company at the Company's address set forth above, duly
executed by the Optionee, specifying the number of shares being purchased and
accompanied by either (i) cash or check payable to the order of the Company in
full payment of the Purchase Price for the number of Shares being purchased, or
(ii) certificate(s), duly endorsed for transfer to the

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Company with signature guaranteed, for that number of previously acquired Shares
having an aggregate fair market value as determined in accordance with the Plan
("Fair Market Value"), on the date of exercise equal to the full Purchase Price
for the number of Shares being purchased, or (iii) a combination of (i) and
(ii).

         The Option shall not be exercisable at any time in an amount less than
100 Shares (or the remaining fraction of a Share then covered by and purchasable
under the Option if less than 100 Shares).

4.       TERM OF OPTIONS; EXERCISABILITY.

         (i) This Option shall expire 5 years from the date hereof of this
Agreement (the "Expiration Date"), subject to earlier termination as herein
provided.

         (ii) Except as otherwise provided in this Section 4, if the Optionee's
employment by the Company is terminated for any reason, the Option shall
terminate on the earlier of (i) three months after the date the Optionee's
employment is terminated, or (ii) the date on which the Option expires by its
terms.

         (iii) If the Optionee's employment by, of, or to, the Company is
terminated by the Company for cause (as such term is defined in his employment
agreement), the Option will to the extent not terminated be deemed to have
terminated on the date immediately preceding the date the Optionee's employment
by, or retention as an agent, director of, or consultant to, the Company is
terminated by the Company and its subsidiaries.

         (iv) If the Optionee's employment by the Company is terminated because
of disability or death, the Option shall terminate on the earlier of (i) one
year after termination, or (ii) the date on which the Option expires by its
terms.

5.       NON-TRANSFERABILITY.

         The right of the Optionee to exercise the Option shall not be
assignable or transferable by the Optionee otherwise than by will or the laws of
descent and distribution, and the Option may be exercised during the lifetime of
the Optionee only by the Optionee. The Option shall be null and void and without
effect upon the bankruptcy of the Optionee or upon any attempted assignment or
transfer, except as hereinabove provided, including without limitation, any
purported assignment, whether voluntary or by operation of law, pledge,
hypothecation or other disposition contrary to the provisions hereof, or levy of
execution, attachment, trustee process or similar process, whether legal or
equitable, upon the Option.

6.       REPRESENTATION LETTER AND INVESTMENT LEGEND.

         (a) Notwithstanding the provisions of Sections 3 and 4 hereof, the
Option cannot be exercised, and the Company may delay the issuance of the Shares
covered by the exercise of the Option and the delivery of a certificate for the
Shares, until one of the following conditions shall be satisfied:

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         (i) The Shares with respect to which the Option has been exercised are
at the time of the issuance of the Shares effectively registered or qualified
under applicable federal and state securities acts now in force or as hereafter
amended; or

         (ii) Counsel for the Company shall have given an opinion, which opinion
shall not be unreasonably conditioned or withheld, that the issuance of the
Shares is exempt from registration and qualification under applicable federal
and state securities acts now in force or as hereafter amended.

         (b) In the event that for any reason the Shares to be issued upon
exercise of the Option shall not be effectively registered under the Securities
Act of 1933, as amended (the "1933 Act"), upon any date on which the Option is
exercised in whole or in part, the Optionee shall give a written representation
to the Company in the form attached hereto as Exhibit A and the Company shall
place an "investment legend," so-called, as described in Exhibit A, upon any
certificate for the Shares issued by reason of such exercise. In the event that
the Company shall, nevertheless, deem it necessary or desirable to register
under the 1933 Act or other applicable statutes the Shares with respect to which
the Option shall have been exercised, or to qualify the Shares for exemption
from the 1933 Act or other applicable statutes, then the Company may take such
action and may require from the Optionee such information in writing for use in
any registration statement, supplementary registration statement, prospectus,
preliminary prospectus, offering circular or any other document that is
reasonably necessary for such purpose and may require reasonable indemnity to
the Company and its officers and directors from the Optionee against all losses,
claims, damages and liabilities arising from such use of the information so
furnished and caused by any untrue statement of any material fact therein or
caused by the omission to state a material fact required to be stated therein or
necessary to make the statements therein not misleading in the light of the
circumstances under which they were made.

         (c) The Company shall be under no obligation to qualify the Shares or
to cause a registration statement or a post-effective amendment to any
registration statement to be prepared for the purposes of covering the issue of
the Shares or to cause the issuance of the Shares to be exempt from registration
and qualification under applicable federal and state securities acts now in
force or as hereinafter amended, except as otherwise agreed to by the Company in
writing in its sole discretion and, accordingly, the Company may delay the
issuance of the Shares covered by the exercise of the Option and the delivery of
a certificate for the Shares until the Company shall have determined that all
conditions to the issuance of the Shares shall have been satisfied.

7.       ADJUSTMENT IN AND CHANGES IN COMMON STOCK.

         Subject to the Plan, if the outstanding shares of the Common Stock are
changed into or exchanged for a different number or kind of shares or other
securities of the Company by reason of any reorganization, recapitalization,
reclassification, stock split, combination of shares, or dividends payable in
capital stock, appropriate and equitable adjustment shall be made by the Board
of Directors of the Company, in its sole discretion, in the number and kind of
shares as to which the Option or portion thereof then unexercised shall be
exercisable. Such adjustment in

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the Option shall be made without change in the total price applicable to the
unexercised portion of such the Option and with a corresponding adjustment in
the Option price per share.

8.       EFFECT ON OTHER RIGHTS.

         This Agreement shall in no way affect the Optionee's participation in
or benefits under any other plan or benefit program maintained or provided by
the Company. Nothing in this Agreement shall be construed to give the Optionee
any right to any additional options other than in the sole discretion of the
Board of Directors of the Company or to confer on the Optionee any right to
continue in the employ of the Company or any subsidiary thereof or to continue
to be retained as an agent, director of, or consultant to, the Company, or to be
evidence of any agreement or understanding, express or implied, that the Company
will employ or continue to retain the Optionee in any particular position or at
any particular rate of remuneration, or for any particular period of time or to
interfere in any way with the right of the Company or a subsidiary thereof (or
the right of the Optionee) to terminate the employment or retention of the
Optionee at any time, with or without cause, notwithstanding the possibility
that the Option may thereby be terminated entirely.

9.       RIGHTS AS A STOCKHOLDER.

         The Optionee shall have no rights as a stockholder with respect to any
Shares which may be purchased by exercise of the Option until (x) the Option
shall have been exercised with respect thereto (including payment to the Company
of the Purchase Price), and (y) the earlier to occur of (i) delivery by the
Company to the optionee of a certificate therefor or (ii) the date on which the
Company is required to deliver a certificate pursuant to the Plan and this
Agreement. Except as otherwise expressly provided in the Plan, no adjustment
shall be made for dividends or other rights for which the record date is prior
to the date such certificate is issued or required to be issued in accordance
with the Plan.

10.      GOVERNING LAW.

         THIS AGREEMENT SHALL BE GOVERNED BY THE LAWS OF THE STATE OF DELAWARE
APPLICABLE TO CONTRACTS TO BE MADE AND PERFORMED ENTIRELY THEREIN WITHOUT
REFERENCE TO CONFLICT OF LAWS PRINCIPLES.

11.      WITHHOLDING TAXES.

         Whenever Shares are to be issued upon exercise of the Option, the
Company shall have the right to require the Optionee to remit to the Company an
amount sufficient to satisfy all federal, state and local withholding tax
requirements, if any, prior to the delivery of any certificate or certificates
for such Shares. The Company may agree to permit the Optionee to withhold Shares
purchased upon exercise of this Option to satisfy the above-mentioned
withholding requirement.

                                       4

<PAGE>   14
12.      HEADINGS.

         The headings contained in this Agreement are for convenience of
reference only and in no way define, limit or describe the scope or intent of
this Agreement or in any way affect this Agreement.

13.      BINDING EFFECT.

         This Agreement shall inure to the benefit of and be binding upon the
parties hereto and their respective heirs, executors, administrators, successors
and assigns.

         IN WITNESS WHEREOF, the Company has caused this Agreement to be
executed, and the Optionee has hereunto set his or her hand and seal, all as of
the day and year first above written.

                                      CORNICHE GROUP INCORPORATED.

                                      By: /s/ /s/ ROBERT F. BENOIT
                                          -------------------------------------
                                      Title: Chief Executive Officer

                                      /s/ DAVID H. BOLTZ
                                      -----------------------------------------
                                      OPTIONEE

                                       5

<PAGE>   15

                                   APPENDIX A

                            TO STOCK OPTION AGREEMENT

OPTIONS GRANTED AND VESTING PERIOD:

Set forth below are the options granted to the Optionee and the vesting schedule
with respect thereto.

Number of Shares           Option Price                       Vesting Date
----------------           ------------                       ------------
50,000                     $1.94                              6/26/01
25,000                     $1.94                              6/26/02
25,000                     $1.94                              6/26/03

<PAGE>   16

                                    EXHIBIT B
                            TO STOCK OPTION AGREEMENT

Date:______________________

Corniche Group Incorporated
610 S. Industrial
Suite 220
Euless, Texas 76040

Ladies and Gentlemen:

         I hereby elect to purchase _______ shares of the Common Stock, par
value $.00001 per share, of Corniche Group Incorporated (the "Company") under
the option granted to me pursuant to the Stock Option Agreement, dated
June 26th, 2000.

         Enclosed is [cash] [a check] in the amount of $______.___ [______
shares of the Company's Common Stock] in full payment of the shares being
purchased ($________ per share).

         Please deliver certificates representing the shares being purchased to
me at:

         -----------------------------

         -----------------------------

         -----------------------------

         I hereby acknowledge that I have been informed as follows:

         1. The shares of common stock of the Company to be issued to me
pursuant to the exercise of said option have not been registered under the
Securities Act of 1933, as amended (the "1933 Act"), and accordingly, must be
held indefinitely unless such shares are subsequently registered under the 1933
Act, or an exemption from such registration is available.

         2. Routine sales of securities made in reliance upon Rule 144, if
applicable, under the 1933 Act can be made only after the holding period and in
limited amounts in accordance with the terms and conditions provided by that
Rule, and in any sale to which that Rule is not applicable, registration or
compliance with some other exemption under the 1933 Act will be required.

         3. The Company is under no obligation to me to register the shares or
to comply with any such exemptions under the 1933 Act.

<PAGE>   17

         4. The availability of Rule 144, if applicable, is dependent upon
adequate current public information with respect to the Company being available
and, at the time that I may desire to make a sale pursuant to the Rule, the
Company may neither wish nor be able to comply with such requirement.

         In consideration of the issuance of certificates for the shares to me,
I hereby represent and warrant that I am acquiring such shares for my own
account for investment, and that I will not sell, pledge, transfer or otherwise
dispose of such shares in the absence of an effective registration statement
covering the same, except as permitted by the provisions of Rule 144, if
applicable, or some other applicable exemption under the 1933 Act. In view of
this representation and warranty, I agree that there may be affixed to the
certificates for the shares to be issued to me, and to all certificates issued
hereafter representing such shares (until in the opinion of counsel, which
opinion must be reasonably satisfactory in form and substance to counsel for the
Company, it is no longer necessary or required) a legend as follows:

         "The shares of common stock represented by this certificate have not
         been registered under the Securities Act of 1933, as amended (the
         "Act"), and were acquired by the registered holder, pursuant to a
         representation and warranty that such holder was acquiring such shares
         for his or her own account and for investment, with no intention to
         transfer or dispose of the same, in violation of the registration
         requirements of the Act. These shares may not be sold, pledged,
         transferred or otherwise disposed of in the absence of an effective
         registration statement under the Act, or an opinion of counsel, which
         opinion is reasonably satisfactory to counsel to the Company, to the
         effect that registration is not required under the Act."

         I further agree that the Company may place a stop order with its
Transfer Agent, prohibiting the transfer of such shares, so long as the legend
remains on the certificates representing the shares.

                                                     Very truly yours,

                                                     --------------------------
                                                     Optionee:

                                       2<PAGE>   1
                                                                     EXHIBIT 4.2

                          MANAGEMENT SERVICES AGREEMENT

                       MADE THIS 1ST DAY OF SEPTEMBER 2000

PARTIES:

1.     ELITE LOGISTICS, INC. AND SUBSIDIARIES (ELITE), AND;

2.     JOSEPH D SMITH (MANAGER) (LOCATED IN FREEPORT, TEXAS OR OTHER LOCATION)

BACKGROUND:

1.     ELITE wishes to retain the services of MANAGER to provide management
       services in accordance with the Position Specification attached hereto.

2.     MANAGER agrees to render such services to ELITE subject to the terms and
       conditions of this Agreement.

3.     The mission of ELITE as outlined in its business plan is as follows:
       "Elite will harness the power of wireless communications and global
       positioning technology to improve the security of life and property and
       the efficiency of our clients' business by providing best of breed
       monitoring, tracking and information systems for motor vehicles and other
       mobile and fixed assets."

4.     Pursuant to this Management Services Agreement MANAGER will assist ELITE
       to fulfill its business plan and accomplish its mission.

DECLARATION

I, MANAGER declare that I have read and fully understand the conditions of
employment detailed in the attached Management Services Agreement and accept
them fully.

SIGNED BY MANAGER                      SIGNED FOR AND ON BEHALF OF
                                       ELITE LOGISTICS, INC.

-----------------------
                                       By:
                                                  ----------------------

                                       Title:     Board of Director

Witness:                               Witness:
           ----------------------                 ----------------------

Full Name                              Full Name
           ----------------------                 ----------------------

Address                                Address
           ----------------------                 ----------------------

Occupation                             Occupation
           ----------------------                 ----------------------

Confidential                         Page 1                            9-1-2000

<PAGE>   2

1      DEFINITIONS:

ELITE GROUP                  Means ELITE Logistics Services, Inc. and all
                             subsidiary and affiliate companies in which ELITE
                             may have an equity interest from time to time.

THE BOARD                    Means the Board of Directors of ELITE.

THE BUSINESS PLAN            Means the plan for the operation of ELITE's
                             business as approved by the Board and amended by
                             the Board from time to time.

CONFIDENTIAL INFORMATION     Means all information that is confidential to and
                             the property of ELITE and the ELITE Group whether
                             in written, electronic or other form or retained in
                             the mind of the MANAGER. Without limiting the
                             generality of the forgoing, it includes all and any
                             information relating to the business, business
                             plans, affairs, policies, processes, intellectual
                             property (including without limitation software
                             products, source codes, designs, specifications,
                             drawings, technical information, know how, trade
                             secrets, technical and scientific research,
                             copyright, patents and patent applications),
                             documents, costing, pricing methods, operations,
                             finances, strategic relationships, customers,
                             product knowledge, quality standards, devices,
                             market research, past and present legal or
                             regulatory matters and all such similar information
                             of ELITE and the ELITE Group.

DOCUMENTS                    Means all memoranda, notes, specifications,
                             manuals, drawings, plans, design reports, records
                             and other material stored in written, audio, visual
                             or electronic or whatsoever form

INTELLECTUAL PROPERTY        Means the right to use, copy, modify, market, or
                             license any software concept, design, source code,
                             or documentation. It also includes all rights to
                             any brand, patent, copyright, registered design,
                             trademark, distinguishing logos, trade secret or
                             any other intellectual property right belonging to
                             ELITE or Elite Group including any software,
                             systems or products discovered by MANAGER or by
                             ELITE. It also includes such other Industrial,
                             Intellectual and Contractual Property as may
                             further establish or reinforce the ELITE Group
                             rights in the ELITE software, systems and products.

MANAGEMENT SERVICES          Means this agreement between the parties and any
AGREEMENT                    amendments thereto.

REQUIRED NOTICE OF           Means the minimum period for notice of termination
TERMINATION                  set out in Schedule A.

REVIEW DATE                  Means the date for annual salary review as set out
                             in Schedule A.

TERRITORY                    Means the territories as set out in Schedule A.

Confidential                         Page 2                            9-1-2000

<PAGE>   3

2.     COMMENCEMENT DATE

2.1    This Agreement shall commence on the commencement date specified in
       Schedule A.

3      MANAGER'S DUTIES

3.1    MANAGER shall perform the duties set out in the Position Specification
       contained in Schedule B diligently and competently and in a professional
       manner to the best of MANAGER'S ability for the benefit of ELITE. The
       Chief Executive Officer or designated representative may from time to
       time at their sole discretion as they deem appropriate assign to MANAGER
       such other responsibilities and duties.

3.2    MANAGER shall work full-time (a minimum 40 hours per week) for ELITE.
       MANAGER may act as a non-executive director or advisor for other
       companies provided that MANAGER advises Elite of such other activities
       and they do not, in the opinion of ELITE impair MANAGER'S ability to
       fulfill this Agreement.

3.2    MANAGER shall prepare such business plans, forecasts, activity reports,
       financial reports, and management reports as the Chief Executive Officer
       or designated representative may request. MANAGER shall inform the Chief
       Executive Officer or designated representative of important developments
       including without limitation:

       o      Information about competitors, their products and prices.

       o      Comments on ELITE' products from actual and prospective customers.

       o      Opportunities for further product development or for new products.

       o      Any other market intelligence.

3.3    MANAGER acknowledges receipt of a copy of the Employee Handbook/Company
       Policy Manual and has read understood and agreed to the same. MANAGER
       agrees to abide by company policy and such other reasonable limitations
       upon his scope of authority as may be established from time to time by
       the Chief Executive Officer or designated representative. 3.4 MANAGER
       shall comply with all the applicable laws and regulations in the
       territory in performing his duties for ELITE.

4      SALARY AND SALARY REVIEWS

4.1    MANAGER shall receive the compensation package including the salary and
       performance related cash bonuses detailed in Schedule A in the manner
       detailed. Salary including cash bonuses shall be reviewed annually on the
       Review Date.

5.     GENERAL CONDITIONS

5.1    The general conditions of employment shall be as set out in the Employee
       Handbook (copy attached at Schedule C) and as amended from time to time,
       in Elite's sole discretion.

Confidential                         Page 3                            9-1-2000

<PAGE>   4

6.     EXPENSES.

6.1    ELITE shall reimburse MANAGER for reasonable business expenses
       necessarily incurred in the performance of his duties in accordance with
       ELITE travel and expenses policies and procedures that are in effect at
       the time the expenses are incurred.

6.2    If ELITE provides MANAGER with a corporate credit card, MANAGER is
       responsible for any personal charges incurred on the company credit card
       and without limitation to any other remedy which may be available to
       ELITE hereby grants to ELITE the right to offset such charges against any
       and all amounts which may be due to MANAGER from ELITE. MANAGER shall
       return such credit card to ELITE immediately upon request by ELITE and in
       any event upon termination of this Agreement for whatever reason.

6.3    If ELITE provides MANAGER with a corporate phone card, MANAGER is
       responsible for any personal charges incurred on the company phone card
       and without limitation to any other remedy which may be available to
       ELITE hereby grants to ELITE the right to offset such charges against any
       and all amounts which may be due to MANAGER from ELITE. MANAGER shall
       return such phone card to ELITE and desist from using such service
       immediately upon request by ELITE and in any event upon termination of
       this Agreement for whatever reason.

7.     CONFIDENTIAL INFORMATION

7.1    Elite promises to provide MANAGER and MANAGER acknowledges, that by
       virtue of MANAGER'S employment with ELITE, MANAGER will gain knowledge of
       Confidential Information. MANAGER agrees and acknowledges that all such
       Confidential Information is the sole and exclusive property of ELITE.
       MANAGER covenants that the Confidential Information, and any other
       information obtained by MANAGER in relation to the ELITE Group shall
       during the currency of MANAGER'S employment and at all times thereafter,
       be kept secret and confidential and except to the extent that any such
       Confidential Information or other information shall be part of the public
       domain (other than as a result of the breach by the MANAGER of this
       Clause) such information shall not be disclosed other than as required by
       law.

7.2    MANAGER will not disclose Confidential Information to such parties within
       ELITE who MANAGER should reasonably expect to be excluded from receiving
       such Confidential Information.

7.3    MANAGER further agrees to promptly deliver to ELITE upon termination of
       this Agreement, or at any time that ELITE may so request, all software,
       media memoranda, notes, records and other documents comprising
       Confidential Information that he then possesses or has under his control.

7.4    The MANAGER shall not during the term of this Agreement or subsequently
       directly or indirectly divulge to any person other than MANAGER'S
       professional advisor(s) any of the terms of this Agreement.

Confidential                         Page 4                             9-1-2000
<PAGE>   5

8.     PROTECTION OF INTELLECTUAL PROPERTY

8.1    MANAGER acknowledges that all ELITE Group software, systems, products and
       processes are proprietary to the ELITE Group by virtue of their unique
       design.

8.2    MANAGER shall have no rights in respect of any Intellectual Property of
       the ELITE Group, or the goodwill associated therewith and MANAGER
       acknowledges that all such rights are vested in the ELITE Group.

8.3    MANAGER shall not during the term of this Agreement or for a period of
       two years thereafter aid, abet or assist, either directly or indirectly,
       anyone else in replicating, creating, manufacturing, marketing,
       licensing, or in any other way dealing in systems and products infringing
       the ELITE Group's Intellectual Property.

8.4    MANAGER shall comply with all directives of the Board and take all other
       reasonable steps to prevent infringement by third parties of the
       Intellectual Property of the ELITE Group.

8.5    MANAGER shall promptly notify the Board of Directors in the event that he
       becomes aware of any infringement by third parties of the ELITE Group's
       Intellectual Property.

8.6    MANAGER further agrees to promptly deliver to ELITE on termination of
       this Management Services Agreement, or at any time that ELITE may so
       request, all memoranda, notes, records and other documents comprising or
       relating to the Intellectual Property that MANAGER then possesses or has
       under MANAGER'S control.

9.     COVENANTS NOT TO COMPETE

9.1    MANAGER agrees that the services he has to perform under this Agreement
       are of a special, unique, unusual, extraordinary and intellectual in
       character.

9.2    MANAGER acknowledges that ELITE would sustain considerable injury were
       MANAGER to take the knowledge, skills, business contacts and information
       (whether confidential or otherwise) acquired during MANAGER'S service
       with ELITE and use them to compete with ELITE.

9.3    In order to protect Elite's interests in its Confidential Information and
       Intellectual Property, MANAGER covenants that during the term of this
       Agreement and for a period of one year after termination for any reason,
       neither MANAGER, nor any corporation, partnership or joint venture of
       which MANAGER is a member, will without the prior written consent of
       ELITE, either directly or indirectly, and whether as principal, agent,
       trustee, financier, shareholder, debenture holder, director, consultant,
       partner, advisor, or otherwise in the Territory:

       a)     Compete with the Business of ELITE as carried on by ELITE until
              the date of termination.

       b)     Be concerned in any corporation or business that is or may be
              engaged or concerned in or does or may carry on business that
              competes with the Business of ELITE as carried on by ELITE until
              the date of termination. MANAGER may hold or make investments in
              Companies whose business does not directly compete with the
              Business at the time of making such investment, but shall
              immediately disclose such investments should their business
              subsequently become competitive.

       c)     Solicit or entice away from ELITE by any means whatsoever (or
              endeavor to do so) any business from any person who is or was a
              customer of ELITE within the six month period prior to termination
              of this Agreement.

Confidential                         Page 5                            9-1-2000

<PAGE>   6

       d)     Employ, offer or procure the offer of employment, or solicit or
              entice away from ELITE, or induce to breach his/her Agreement of
              service with ELITE (or endeavor to do so) any person who was
              employed by ELITE or who was an officer or agent of ELITE, or a
              Contractor to ELITE at the date of termination or was employed by
              ELITE in any such capacity at any time during the six month period
              prior to termination.

9.4    MANAGER will not at any time after termination of this agreement
       represent himself as being in any way connected with or interested in the
       Business or affairs of ELITE.

9.5    The provisions of this Clause 9 shall bind and enure for the benefit of
       the Parties after the termination of this Agreement.

9.6    MANAGER acknowledges that this covenant not to compete is not
       unreasonably restrictive nor will it interfere with his ability to earn
       his livelihood for among other things the following reasons: o It covers
       only those services and products of the type marketed by the ELITE Group.
       The market for such systems and products is very small relative to the
       total software market. o Inconvenience of this covenant not to compete
       upon MANAGER is minimal in comparison with the hardship that the ELITE
       Group would potentially sustain without it. o The experience and skills
       that MANAGER acquires in the course of his employment with ELITE are
       readily transferable to other non-competing management opportunities on
       termination of his Agreement with ELITE. 9.7 Each of the undertakings of
       MANAGER contained in Clause 9.3 shall be read and construed independently
       of the other undertakings so that if one or more should be held to be
       invalid as an unreasonable restraint of trade or for any other reason
       whatever then the remaining undertakings shall be valid to the extent
       that they are not held to be so invalid.

9.8    While the undertakings of MANAGER contained in Clause 9.3 and 9.4 are
       considered by the Parties to be reasonable in all the circumstances, if
       one or more of such undertakings should be held to be invalid as an
       unreasonable restraint of trade or for any other reason whatsoever, but
       would have been held valid if part of the wording thereof had been
       deleted or the period thereof reduced or the range of activities or area
       dealt with thereby reduced in scope, the said undertakings shall apply
       with such modifications as may be necessary to make them valid and
       binding upon the MANAGER. Any such modifications shall be kept to a
       minimum.

9.9    As further consideration for entering into the restrictive covenants
       contained in this Agreement MANAGER shall receive the incentive bonus
       and/or stock option grants as set out in Schedule A.

10     INTELLECTUAL PROPERTY ASSIGNMENT

10.1   MANAGER agrees that all software, inventions, processes, products,
       designs or procedures relating to the Business of ELITE which MANAGER may
       develop or participate in the development of during the term of this
       Agreement (hereinafter collectively referred to as "MANAGER'S
       Intellectual Property") whether during normal working hours or not shall
       be deemed to be the property of ELITE or its assignee.

10.2   MANAGER agrees to assign his rights if any to MANAGER'S Intellectual
       Property, developed while employed by ELITE, to ELITE and further to sign
       any documents reasonably required by ELITE in order to protect ELITE'
       interest in the MANAGER'S Intellectual Property.

Confidential                         Page 6                            9-1-2000

<PAGE>   7

11     TERM

11.1   The initial term of this Agreement is set out in Schedule A. Thereafter
       it may be renewed by mutual agreement until terminated by either party
       giving the other party the Required Notice of Termination.

11.2   ELITE may terminate this Agreement forthwith for cause if:

       o      MANAGER is guilty of gross dereliction of duty, incompetence or a
              major breach of this Agreement

       o      MANAGER commits any illegal, dishonest or fraudulent act against
              the company or is indicted, convicted or pleads nolo contendere to
              any felony or any act of moral turpitude

       o      MANAGER is guilty of the use or possession of illegal drugs, or
              the excessive use of alcohol, or commits any other act that brings
              ELITE into disrepute.

       o      MANAGER dies, or is incapable of performing MANAGER'S obligations,
              in the normal manner, on account of disability for ten consecutive
              weeks, or in the aggregate fifteen weeks, of any year. If this
              Agreement is terminated for cause pursuant to this sub-clause
              (iv), MANAGER or his heirs and assigns as the case may be, shall
              immediately vest in all options allocated to MANAGER up to and
              including the end of the calendar year of such death or
              disability.

       o      Any other termination shall be deemed to be without cause.

11.3   ELITE shall have the right to terminate this Agreement without cause upon
       written notice to MANAGER. If ELITE terminates this Agreement without
       cause, ELITE shall continue to pay the salary portion of MANAGER'S
       compensation as it becomes due and continue benefits for a period of one
       month from the effective date of termination of this Agreement.

11.4   The Termination of this Agreement shall be without prejudice to the
       rights of the parties that accrued up to the date of termination.
       Termination shall not affect those clauses herein, which by their nature
       the parties intend to survive termination.

12.    REPRESENTATIONS AND WARRANTIES

12.1   The parties represent the warrant to each other:

       o      Each is free to enter into this Management Services Agreement

       o      Each possesses the legal authority to enter into this Management
              Services Agreement

       o      There are no outstanding Contractual commitments that will prevent
              or restrict any of them from entering into this Agreement and
              performing the obligations hereunder.

Confidential                         Page 7                            9-1-2000

<PAGE>   8

13.    GOVERNING LAW

13.1   The laws of Texas and controlling Federal Law shall govern this
       Management Services Agreement and any action hereunder shall subject to
       the jurisdiction of the federal and state courts sitting in Brazoria
       County, Texas.

14.    ENTIRE AGREEMENT

14.1   This Agreement represents the entire agreement between the parties with
       respect to the subject thereof as such it supersedes and replaces any
       prior arrangements between the parties either oral or written.

14.2   Any changes or modifications to this Agreement shall be valid only if
       made in writing and signed by both parties.

15.    SEVERABILITY

15.1   Each provision in this Management Services Agreement is severable wholly
       and in part and if any provision is said to be illegal or unenforceable
       for any reason only the illegal or unenforceable portion shall be
       ineffective and the remainder shall remain in full force and effect.

16.    AMENDMENT

16.1   Any purported amendment or variation of this Agreement must be in writing
       and be signed by both Parties.

Confidential                         Page 8                            9-1-2000

<PAGE>   9

                                   SCHEDULE A

                       COMPENSATION, TERMS AND CONDITIONS

NAME                                     Joseph D. Smith

POSITION                                 CHIEF EXECUTIVE OFFICER AND PRESIDENT

COMMENCEMENT DATE                        August 6, 1997

INITIAL TERM                             One year

REVIEW DATE                              1 January each year.

TERRITORY                                United States of America

REQUIRED NOTICE OF                       Thirty (30) days notice in writing
TERMINATION                              (unless terminated for cause)

                                  COMPENSATION

1.     ANNUAL COMPENSATION

MANAGER shall receive the following salary:

<TABLE>
<CAPTION>
<S>                         <C>                                         <C>
SALARY:                     Base Salary (payable biweekly)              $120,000.00 per annum

                            TOTAL ON TARGET REMUNERATION                $120,000.00

PERFORMANCE BONUS           As determined by the Board of Directors
</TABLE>

2.     INCENTIVE OPTIONS

In addition to the Annual Compensation detailed herein, MANAGER shall receive
stock option allocations giving the employee the right to purchase stock in the
company at current Fair Market Value (FMV) in accordance with the Elite
Logistics Inc., 2000 Employee Incentive Plan.

<TABLE>
<CAPTION>

  Allotment                         Exercise Price            Vesting Period  Allocation Date
  ---------                         --------------            --------------  ---------------
<S>                                 <C>                      <C>             <C>
  000 Shares                        FMV on Grant Date             3 years     January 1, 2001

  000 Shares                        FMV on Grant Date             3 years     January 1, 2002

  000 Shares                        FMV on Grant Date             3 years     January 1, 2003

</TABLE>

Vesting: In respect of each option grant 1/3 of the options vest on completion
of one year's service (on the anniversary of the date of employment) and
thereafter 1/24th of the remaining balance vests at the end of each subsequent
month of completed service.

Confidential                         Page 9                            9-1-2000

<PAGE>   10

3.     STOCK PURCHASE RIGHTS

MANAGER shall on the execution of this agreement receive in addition to the
incentive stock options detailed above restricted stock purchase rights pursuant
to the 2000 Equity Incentive Plan as follows:

<TABLE>
<CAPTION>

  Allotment              Grant Date               Exercise Price         Expiration Date
  ---------              ----------               --------------         ---------------
<S>                    <C>                       <C>                   <C>
     000               September 1, 2000              $2.75              December 29, 2000
</TABLE>

These shares shall be subject to execution of a restricted stock purchase
agreement and be restricted for a period of 12 months from the date of such
investment. Elite agrees to loan MANAGER the funds necessary to purchase these
shares at an interest rate two (2) points above National Prime Rate at the time
of purchase.

4.     PAID VACATION / DOMESTIC LEAVE

MANAGER shall, be entitled to 15 days paid annual vacation /domestic leave to be
taken in accordance with company policy.

5.     LEAVE OF ABSENCE, BEREAVEMENT LEAVE ETC

MANAGER shall be entitled to leave of absence and compensation in accordance
with company policy as set out in the Employee Handbook during periods of
sickness, disability, or bereavement.

6.     HEALTH INSURANCE

MANAGER and MANAGER's dependents will be eligible for participation in the
company's group health insurance Plan and other employee benefits, on the first
of the month following 90 days of employment.

7.     RELOCATION EXPENSES

If relocation is required by ELITE then ELITE shall reimburse MANAGER's
reasonable costs of relocating to Freeport, Texas in accordance with ELITE
relocation policy as set our in the Employee Handbook.

Confidential                         Page 10                            9-1-2000

<PAGE>   11

                                   SCHEDULE B

                             POSITION SPECIFICATION

NAME:             Joseph D Smith
POSITION:         Chief Executive Officer and President
REPORTING TO:     Elite Logistics, Inc. Board of Directors

<TABLE>
<CAPTION>

AREAS OF RESPONSIBILITY                                           PERFORMANCE CRITERIA
-----------------------                                           --------------------
<S>                                                               <C>
SUMMARY                                                           EDUCATION AND/OR EXPERIENCE

Manages and directs the organization toward its primary           LANGUAGE SKILLS
objectives, based on profit and return on capital, by
performing the following duties personally or through             MATHEMATICAL SKILLS
subordinate managers.
                                                                  REASONING ABILITY
ESSENTIAL DUTIES AND RESPONSIBILITIES include the
following. Other duties may be assigned.                          CERTIFICATES, LICENSES, REGISTRATIONS

Plans, coordinates, and controls the daily operation of           PHYSICAL DEMANDS  The physical demands described here
the organization through the organization's managers.             are representative of those that must be met by an
                                                                  employee to successfully perform the essential
Establishes current and long range goals, objectives,             functions of this job. Reasonable accommodations may
plans and policies, subject to approval by the Board of           be made to enable individuals with disabilities to
Directors.                                                        perform the essential functions.

Dispenses advice, guidance, direction, and authorization          WORK ENVIRONMENT  The work environment characteristics
to carry out major plans, standards and procedures,               described here are representative of those an employee
consistent with established policies and Board approval.          encounters while performing the essential functions of
                                                                  this job. Reasonable accommodations may be made to
Meets with organization's other executives to ensure              enable individuals with disabilities to perform the
that operations are being executed in accordance with             essential functions.
the organization's policies.

Oversees the adequacy and soundness of the
organization's structure.

Reviews operating results of the organization, compares
them to established objectives, and takes steps to
ensure appropriate measures are taken to correct
unsatisfactory results.

Plans and directs all investigations and negotiations
pertaining to mergers, joint ventures, the acquisition of
businesses, or the sale of major assets with approval of
the Board of Directors.

Establishes and maintains an effective system of
communications throughout the organization.

Represents the organization with major customers,
shareholders, the financial community, and the public.

SUPERVISORY RESPONSIBILITIES

QUALIFICATIONS To perform this job successfully, an
individual must be able to perform each essential duty
satisfactorily. The requirements listed below are
representative of the knowledge, skill, and/or ability
required. Reasonable accommodations may be made to enable
individuals with disabilities to perform the essential
functions.
</TABLE>

Confidential                         Page 11                            9-1-2000

<PAGE>   12

                                   SCHEDULE C

                          GENERAL TERMS AND CONDITIONS

<TABLE>

<S>                                          <C>
VACATION/DOMESTIC/PERSONAL                   Annual leave is provided in accordance with Schedule A. All
                                             applications for annual leave shall be made on the leave
                                             application form and shall require a minimum of two weeks
                                             notice. MANAGER is entitled to up to five days leave on
                                             ordinary pay where MANAGER finds that it is essential to
                                             stay at home in an emergency in the event of illness of a
                                             husband or wife, dependent child or dependent parent. Such
                                             leave shall be treated as though it were due to MANAGER's
                                             own sickness and shall be subject to the following
                                             conditions:

                                             o      leave shall be set-off against MANAGER's sick leave
                                                    entitlement

                                             o      On return to work MANAGER shall complete a sick
                                                    leave notification and file with the human resources
                                                    manager.

                                             o      If requested, a medical certificate shall be
                                                    provided to support such leave entitlement.

BEREAVEMENT LEAVE                            MANAGER is entitled to 3 days bereavement leave in each year
                                             on the death of the MANAGER's spouse, child, parent, brother
                                             or sister, grandparent, mother in law or father in law.  The
                                             entitlement will not form part of any benefit payable upon
                                             termination of the Management Services Agreement.  MANAGER
                                             shall complete a Bereavement Leave Application and file with
                                             the human resources manager.

DRESS CODE                                   MANAGER is expected to comply with "ELITE" dress code as
                                             published in the Employee Handbook from time to time.

HOURS OF WORK                                MANAGER is expected to work a minimum of 40 hours in any
                                             week.  These will normally be worked Monday to Friday at any
                                             time between 7:00 a.m. and 6:00 p.m. to suit the MANAGER.

PERIOD FOR TERMINATION OF                    Unless terminated by Elite for cause, either party may terminate
EMPLOYMENT                                   the Management Services Agreement by giving the other party thirty
                                             (30) days notice in writing.
</TABLE>

Confidential                         Page 12                            9-1-2000

<PAGE>   13

<TABLE>

<S>                                         <C>
PAYMENT ON TERMINATION OF                   On termination of employment under this Agreement, MANAGER
EMPLOYMENT                                  will be paid

                                            o      Salary to date of termination

                                            o      Accrued annual leave

                                            o      Three months salary in lieu of notice if
                                                   ELITE does not wish MANAGER to work out the
                                                   notice period (unless termination is for
                                                   cause). o Any and all bonuses and commissions
                                                   accrued to the date of termination.

                                            Unused sick leave is not payable on termination of
                                            employment.

SICK LEAVE                                  After three months of service MANAGER is entitled to
                                            accrued sick leave to be taken in accordance with
                                            company policy. .

PUBLIC HOLIDAYS                             Public holidays shall be taken in accordance with
                                            company policy.
</TABLE>

Confidential                        Page 13                            9-1-2000

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