Document:

<PAGE>

                                                                   EXHIBIT 10.1

                          RETAIL WEB PROJECT AGREEMENT

                            SOFTWARE DEVELOPMENT FOR
                                "I SITES, INC."

                                   ISSUED BY

                      DIVERSIFIED BUSINESS CONCEPTS, INC.
                             3000 University Drive
                                    Suite I
                          Coral Springs, Florida 33065
<PAGE>

                                                             RETAIL WEB PROJECT

                               TABLE OF CONTENTS:

<TABLE>
<CAPTION>
SECTION:                                                                    PAGE
<S>                                                                         <C>
 Project Agreement                                                              3
 --------------------------------------------------------------------------------

2. Project definition and Scope                                                 8
---------------------------------------------------------------------------------

3. Project management                                                           9
---------------------------------------------------------------------------------

3.1 System Environment                                                          9
---------------------------------------------------------------------------------

3.2 Project Implementation Methodology                                          9
---------------------------------------------------------------------------------

3.3 Project Milestones & Schedules                                             10
---------------------------------------------------------------------------------

4. Project execution and delivery                                              13
---------------------------------------------------------------------------------

4.1 Project Activity breakup                                                   14
---------------------------------------------------------------------------------

5. Payment term/Schedule                                                       15
---------------------------------------------------------------------------------

6. Deliverables                                                                16
---------------------------------------------------------------------------------

7. Post Implementation Support                                                 16
---------------------------------------------------------------------------------

8. Terms and conditions                                                        16
---------------------------------------------------------------------------------
</TABLE>

                                       2
<PAGE>

                                                             RETAIL WEB PROJECT

            R E T A I L   W E B   P R O J E C T   A G R E E M E N T

                                    BETWEEN

                      DIVERSIFIED BUSINESS CONCEPTS, INC.
                                      AND
                                 I SITES, INC.

PURPOSE

The purpose of this Document is to describe the services that Diversified
Business Concepts, Inc., (Supplier, or "DBCI") will provide to Customer, I
SITES, INC., INC. under the terms and conditions of Project Agreement .The
Agreement represents the complete and total understanding of the parties
regarding the services to be provided under this Agreement.

Diversified Business Concepts, Inc., through its joint venture partner Pyxis
Technology Solutions Ltd. ("Pyxis"), which is located in Visakhapatnam, India,
("GTS" shall denote the partnership between DBCI and Pyxis) will Provide and
Coordinate Services to design, develop, test and implement software for the
RETAIL WEB PROJECT in order to deliver the project to I SITES, INC.as per
Functional Requirement in Annexure-1.

                                       3
<PAGE>

                                                             RETAIL WEB PROJECT

1.       PROJECT DEFINITION AND SCOPE

This Section Outlines the scope of work required to meet I SITES, INC. schedule
and functional requirements.

PROJECT OBJECTIVES / GOALS:
Development of a real-time price comparison agent with integrated affiliate
program coding. This would provide the ability to offer visitors to the website
real-time pricing on products such as CD's. DVD's and books, TV's, stereo's,
computers, etc.(with unlimited expansion potential to other commodities). It
would also seamlessly integrate the site's affiliate codes into the results so
that the visitor never leaves the I-Sites website and such that the I-Site site
essentially earns a commission from the vendor no matter what vendor the
visitors buy from.

         --       Functional Requirement specifications are as per Annexure-1.

         --       All the required Hardware and Licensed Software required to
                  install/ run the application is to be purchased by I SITES,
                  INC. and the supply of the above is not in the scope of GTS.
                  In case I SITES, INC. requires the product to be tested by
                  any specific testing package tool then the same has to be
                  procured by I SITES, INC.

2.       PROJECT MANAGEMENT

The Section attempts to present the information with regard to proposed
software tools, development methodology, plans / schedules of implementation,
documentation formats, application support, manpower skills and other related
aspects for successful and effective project implementation. Diversified
Business Concepts, Inc. conforms to I SITES, INC. preferred route for SAT (Site
Acceptance Test).

3.1 SYSTEM ENVIRONMENT

OPERATING ENVIRONMENT
Windows-NT server with IIS (Internet Information Server)

DATABASE
SQL Server or Oracle 8i

DEVELOPMENT TOOLS
ASP (Active Server Pages), VB COM, HTML and Java Script

                                       4
<PAGE>

                                                             RETAIL WEB PROJECT

3.2 PROJECT IMPLEMENTATION METHODOLOGY

Our methodology for implementation of the System would be as under:

3.2.1 Initial Kick-Off Meeting: On confirmation of order, GTS Technology
Solutions Inc. will organize a "kick-off" meeting with the customer's
representatives to signify start of project.

--       I SITES, INC. will designate its project facilitator / project
         manager who will liaise with GTS on project implementation / scope,
         approval of specs and requirements and making decisions for
         implementation of application. He will work as overall project manager
         with authority on project activities.

--       GTS project leader will conduct review of detailed design; lead the
         development team for development, testing and quality assurance along
         with the implementation support. GTS will be responsible for the
         project development. GTS project leader will report to I SITES, INC.
         project manager.

The following aspects will be reviewed in detail during the kick-off meeting:

--       Activities identified in the implementation process and allocation of
         responsibilities between GTS & I SITES, INC.
--       Hardware Availability / Site-preparation discussions
--       Project guidelines and implementation methodology

After the kick-off meeting GTS Project Leader will prepare a detailed project
schedule and submit the same for approval by I SITES, INC..

3.2.2 Mobilization: This phase requires GTS to identify and mobilize the
manpower required for the project within a week after project kick-off. One GTS
Project Leader will be assigned to co-ordinate and manage and control all
aspects of the project life cycle with respect to the analysis, design,
development, quality assurance and adherence to delivery schedules. I SITES,
INC. will appoint a one-point coordinator (I SITES, INC. Project Manager)
responsible for issues related to finalization of specifications, project
management and implementation, on behalf of customer.

3.2.3 Review of Technical Design and Specifications: GTS will appoint a
functional consultant to review further and refine I SITES, INC.'s design
specs. The functional consultant will work closely with I SITES, INC.
coordinator in:

--       Understanding the systems & procedures
--       Conducting customer interviews
--       Discussing integration issues
--       Laying down standards (File updates, primary keys, foreign keys,
         validation rules)
--       Development of specifications document

                                       5
<PAGE>

                                                             RETAIL WEB PROJECT

A revised design and specifications document will be prepared after the above,
which would clearly state the requirements, objectives, constraints and
controls. The document would have to be approved by I SITES, INC. in order for
the process to move forward.

The following elements of the application being developed will be studied in
this process:

3.2.4 Detailed Design and Development: GTS will commence coding the application
at its development center at Pyxis in India. GTS shall have to use its own
development platform (hardware, database and development tools) for the
development of the application at its development center.

3.2.5 Database Design: Database design involves the design of the table
structures, views, etc., on the basis of the customization to be carried out
Oracle 8i may be used to generate the database design. The structures thus
created may have to be fine-tuned (normalized / de-normalized) to gear up for
performance.

3.2.6 Program Level development plan and project schedule: A detailed schedule
will be prepared that will specify all areas of the development activities and
time frames / completion dates related to each activity / program development,
along with the resources identified to execute each activity. The program
development life cycle is detailed to the extent of development, testing and
Quality Assurance for the application. The programs will be developed in
accordance to the detailed project plan. The development plan would include
program development, checkout, program level documentation and QC.

3.2.7 Internal Testing and Quality Assurance: Each program would pass through
the Program Test / Code Review phase. GTS would test the entire application to
ensure accuracy of the data entered, updated, processed and reported. The
system checkout will also highlight non-adherence to specifications and items
missed out during the development process. I SITES, INC. shall provide sample
test case data for the purpose.

3.2.8 Site Acceptance Test: I SITES, INC. will coordinate and conduct a
detailed site acceptance test (to be performed at GTS's Development center at
Pyxis in VEPZ, Visakhapatnam). GTS will coordinate with I SITES, INC. for the
acceptance test plan and execution with test cases in a step-by-step manner.
Any minor changes or improvements identified would also be incorporated during
test stage or soon after the test completion. I SITES, INC. will sign the site
acceptance if the specifications and requirements have been met and found to be
functionally satisfactory.

Note: I SITES, INC. will provide data for testing including a spreadsheet model
containing validated results for specific calculations of the system. The same
will be used for internal testing by GTS for reconciliation before site
Acceptance Test is taken up.

                                       6
<PAGE>

                                                             RETAIL WEB PROJECT

3.2.9 User Training On Retail Web Project: GTS shall provide detailed training
on the usage of the applications for two System Administrators either at I
SITES, INC. or at the Pyxis site in India.

In case the Training is to be given at I SITES, INC. Site, then any expenses
from India of Engineers employed, and the training infrastructure are to be
borne by I- SITES, INC. and are not included in the estimate given in this
Contract.

Expenses include
Travel (Air Travel)
Boarding and Lodging in a Decent Hotel *
(* For the period of Training)
Training Infrastructure

The training will be specific to the business processes of I SITES, INC.
systems implementation.

3.2.10 User Documentation: I SITES, INC. will be provided with a complete set
of user documentation of entire application as part of the proposal. GTS shall
deliver one soft copy and one hard copy of the documentation. Typical Structure
/ Format of User Documentation includes:

         --       Overview of application system
         --       Module wise documentation in the format of:
                  --       Function/module item with its purpose
                  --       Screen print of the screen
                  --       Brief description of the function module
                  --       Description of each item of the screen
                  --       Messages and error processing details
                  --       Authorization rules and roles for the module
                  --       Remarks or notes

Soft copy will be delivered in MS-Word-97 files.

3.2.11 System Documentation: I SITES, INC. will be provided with a complete set
of system / technical documentation of the entire application as part of the
proposal. GTS shall deliver one soft copy (using MS-Word-97) and one hard copy
of the documentation. Typical Structure / Format of System documentation
includes:

         --       Overview of application system
         --       System Architecture detailing Hardware, DBMS and System
                  Software
         --       Module wise technical documentation in the format of:
                  --       Function with its purpose and Screen print of screen
                  --       Brief description of the function module
                  --       Description of each item of the screen
                  --       Inputs and Outputs for the module
                  --       Database information (tables and columns used along
                           with mode of usage)
                  --       Remarks or notes

Soft copy will be delivered in MS-Word-97 files.

                                       7
<PAGE>

                                                             RETAIL WEB PROJECT

3.2.12 Live Run: The users would enter live data and process them for a period
of 15 days during which GTS shall provide constant improvements and
enhancements. The reports for the same will be reviewed and the site acceptance
is further confirmed by I SITES, INC.

If case the enhancements are to be made at I SITES, INC. locality then, the
expenses of the engineers employed as mentioned above must be bourn by I SITES,
INC. and are not included in the estimate given in this Contract.

It is GTS's commitment to meet the highest software quality and standards along
with the successful project implementation meeting all requirements and
expectations of I SITES, INC.

3.       PROJECT EXECUTION AND DELIVERY

The development and testing of the product will be done at Pyxis development
center in Visakhapatnam, India. The standard ISO procedures implemented at
Pyxis will be used for the development of the product.

The System will be implemented using the Development life cycle as shown in the
figure below. This approach essentially refers to the testing of software
against the technical specifications during each stage of its life cycle to
ensure conformance.

Each of the phases in the methodology is iterative in nature. This implies that
a review of the current phase can be done at any time as well as at the end of
each phase. The results of the review may force a return to the previous phase
so that a change can be rippled through the current phase.

The arrows leaving the middle of a phase rectangle indicate that the linked
phase can be parallel to the previous phase though lagging behind. Arrows
leaving the right hand side of a phase imply that this phase must be completed
before the target phase can be executed.

The Integration and Test phase has the most important tasks of:

--       Detecting errors of design and implementation
--       Prevent the propagation of errors through the system
--       To minimize the risk of delay caused by such errors.

                                       8
<PAGE>

                                                             RETAIL WEB PROJECT

It consists of a series of stages so that for any item the accepted test
criteria must be passed before the test can progress to the next layer.
However, final testing will continue as each new subsystem is added to the
phase.

                                    [CHART]

                                       9
<PAGE>

                                                             RETAIL WEB PROJECT

4.1 PROJECT ACTIVITY BREAK-UP

Specific activities, milestones and checkpoints are presented in the table
below Effective from the date of signing of the agreement:

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
         ACTIVITY                               AGENCY                SCHEDULE   SCHEDULE      ACTUAL     ACTUAL         CALENDAR
                                                                      FROM       TO            FROM       TO              DAYS
---------------------------------------------------------------------------------------------------------------------------------
<S>      <C>                                    <C>                   <C>        <C>           <C>        <C>            <C>
1        Project Kick off and planning          I SITES, INC.                                                             3 days
---------------------------------------------------------------------------------------------------------------------------------
2        Mobilization of manpower,              GTS                                                                       1 day
         arrangement of development
         platform
---------------------------------------------------------------------------------------------------------------------------------
3        Study organization structure,          GTS / I SITES, INC.                                                       3 days
         business processes/work flow &
         MIS requirements
---------------------------------------------------------------------------------------------------------------------------------
4        Revise specs and prepare               GTS / I SITES, INC.                                                       2 days
         technical specification for
         Customer sign-off
---------------------------------------------------------------------------------------------------------------------------------
         APPLICATION DEVELOPMENT & TESTING
---------------------------------------------------------------------------------------------------------------------------------
5        Develop application as per specs       GTS                                                                       45 days
---------------------------------------------------------------------------------------------------------------------------------

---------------------------------------------------------------------------------------------------------------------------------
6        Internal Testing and fine tuning       GTS                                                                       3 days
---------------------------------------------------------------------------------------------------------------------------------
         SITE ACCEPTANCE TEST
---------------------------------------------------------------------------------------------------------------------------------
7        Enter sample and test cases &          I SITES, INC.                                                             4 days
         check
---------------------------------------------------------------------------------------------------------------------------------
8        Enhancements, Tuning and               GTS / I SITES, INC.                                                       6 days
         Acceptance
---------------------------------------------------------------------------------------------------------------------------------
         IMPLEMENTATION
---------------------------------------------------------------------------------------------------------------------------------
9        Installation of database and           GTS                                                                       2 days
         application
---------------------------------------------------------------------------------------------------------------------------------
10       User Training                          GTS / I SITES, INC.                                                      Parallel
---------------------------------------------------------------------------------------------------------------------------------
11       Live run of applications And           I SITES, INC./ GTS                                                        15 days
         Implementation sign-off
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>

PROJECT COST

   Total Man-hours estimated                -        2,500
   Man Hour rate                            -        $18

   Total estimated cost                     -        $45,000*

*Inclusive of Site Development and API for two vendors.

GTS will develop the entire site and the set of API for two vendors initially.
Development of additional vendors' API will be charged at actuals. It is
estimated that it would cost 150 Person Hours to develop API for each vendor.
However, this may come down to 75 Person Hours based on repetition of vendor
environment.

                                      10
<PAGE>

                                                             RETAIL WEB PROJECT

5.       PAYMENT PLAN / SCHEDULE

The total Consideration for the project is I SITES, INC. The Payment shall be
made in accordance with the progress of the project in the following way

<TABLE>
<CAPTION>
  ----------------------------------------------------------------------------------------------------------
  PERCENTAGE OF TOTAL AMOUNT                   STAGES OF PAYMENT
  ----------------------------------------------------------------------------------------------------------
  <S>                                          <C>
  30                                           On signing of Agreement
  ----------------------------------------------------------------------------------------------------------

  ----------------------------------------------------------------------------------------------------------
  40                                           On submitting for Testing
  ----------------------------------------------------------------------------------------------------------

  ----------------------------------------------------------------------------------------------------------
  20                                           After Acceptance of Testing
  ----------------------------------------------------------------------------------------------------------

  ----------------------------------------------------------------------------------------------------------
  10                                           After sign-off
  ----------------------------------------------------------------------------------------------------------
</TABLE>

6.       DELIVERABLES:

The following are the Deliverables:

         a)       System Specifications
         b)       Software or Source Code
         c)       User and Operations Manuals

7.       POST IMPLEMENTATION SUPPORT

7.1 GTS will provide continued and qualitative support for 30 days from the day
of installation at I SITES, INC. or 30 days from the date of delivery of the
software which ever is earlier.

7.2 GTS will provide continued and qualitative support on long-term basis.

A separate contract with GTS has to be signed for annual maintenance as per
customer choice.

8.       CHANGES

During the course of the project the need to make changes to various aspects of
the project may arise. If the changes to be done exceeds 25% of the cost of the
project calculated as per the man-hour rate a separate contract has to be
signed by GTS and I SITES, INC. Pty. If the changes to be done are less than
25% of the project cost calculated as per the man hour rate a flat rate of $10
per hour will be charged by GTS to accomplish the changes.

                                      11
<PAGE>

                                                             RETAIL WEB PROJECT

9        TERMS AND CONDITIONS OF THE AGREEMENT

1.       The "Effective Date" is the date on which the Agreement is signed by
         Diversified Business Concepts, Inc. and I SITES, INC.

2.       The "Expiration Date" is 30 days from the day of installation at I
         SITES, INC. or 30 days from the date of delivery of the software which
         ever is earlier.

3.       "Term of this Agreement" begins on the Effective Date and runs through
         the signing of this contract to the Expiration Date.

4.       Limitation of Liability. Neither party shall be liable to the other
         under this Agreement for any special, indirect, incidental, punitive,
         exemplary or consequential damages.

5.       Specific Performance. During the Term of this Agreement, either party
         may seek specific performance of any provision of this Agreement as
         provided; the party seeking such performance is not in material breach
         of its obligations.

6.       Applicable Law. Any claim or controversy relating in any way to this
         Agreement shall be governed and interpreted exclusively in accordance
         with the laws of the State of Florida and the United States without
         regard to the United Nations Convention on Contracts for the
         International Sale of Goods. This Agreement shall be deemed to have
         been made in, and shall be construed under, the internal laws of the
         State of Florida, without regard to the principles of conflicts of
         laws thereof and the United Nations Convention on Contracts for the
         International Sale of Goods. Any mediation under this Agreement shall
         be conducted in Broward County, Florida. In addition, all parties to
         this Agreement acknowledge and agree that the courts located in such
         county shall have exclusive jurisdiction in any action or proceedings
         with respect to this Agreement, including the federal district courts
         located in such county.

7.       Dispute Resolution. All disputes arising in connection with this
         Agreement shall be resolved as follows:

         (i)      General Intent. I-Sites and GTS intend that all problems and
         disputes relating to this Agreement or arising from the transactions
         contemplated hereby ("Disputes") shall be resolved through the
         procedures of this Section provided, however, that neither party shall
         be under any obligation to proceed in accordance with this Section
         with respect to Disputes concerning any alleged breach of this
         Agreement, as to which a party may take any legal action in a court of
         law or equity (without the necessity of posting any bond) to assert or
         enforce a claim that it has against the other party under this
         Agreement. The procedures in this Section shall not replace or
         supersede any other remedy to which a party is entitled under this
         Agreement or under applicable law.

         (ii)     Informal Resolution Efforts. I-Sites and GTS initially shall
         attempt to resolve Disputes through informal negotiations conducted by
         the president or any officer or designee of I-Sites and of GTS.

                                      12
<PAGE>

                                                             RETAIL WEB PROJECT

         (iii)    Mediation. If a Dispute cannot be resolved under this
         section, the Dispute shall be submitted to mediation by written notice
         of the party seeking mediation to the other party. In the mediation
         process, both parties shall attempt in good faith to resolve their
         differences voluntarily with the aid of an impartial mediator, who
         will attempt to facilitate negotiations. The mediator shall be
         selected by mutual agreement of the parties. If both parties cannot
         agree on a mediator, the American Arbitration Association or
         JAMS/Endispute shall designate a mediator at the request of either
         party. Any mediator so designated must be acceptable to both parties.
         The mediation shall be confidential, and the mediator may not testify
         for either party in any later proceeding relating to the Dispute. Each
         party shall bear its own costs in the mediation. The fees and expenses
         of the mediator shall be shared equally by the parties.

         (iv)     Court Actions. If Stamps.com and Distributor cannot resolve a
         Dispute through mediation as described above, either party may seek
         further redress by taking legal action in a court of law or equity to
         assert or enforce a claim that it has against the other party under
         this Agreement.

8.       Statute of Limitations. Any action for breach of these terms and
         conditions must be commenced within one (1) year after the cause of
         action has accrued.

9.       Partial Illegality. If any provision of this Agreement or the
         application thereof to any party or circumstances shall be declared
         void, illegal or unenforceable, the remainder of this Agreement shall
         be valid and enforceable to the extent permitted by applicable law. In
         such event, the parties shall use their best efforts to replace the
         invalid or unenforceable provisions by a provision that, to the extent
         permitted by the applicable law, achieves the purposes intended under
         the invalid or unenforceable provision. Any deviation by either party
         from the terms and provisions of this Agreement to the limited extent
         necessary to comply with applicable laws, rules or regulations shall
         not be considered a breach of this Agreement.

10.      Waiver of Compliance. Any failure by any party hereto to enforce at
         any time any term or condition under this Agreement shall not be
         considered a waiver of that party's right thereafter to enforce each
         and every item and condition of this Agreement.

11.      Bankruptcy: - The filing of a petition of bankruptcy, Weather
         voluntary or involuntary or appointment of the receiver or trustee for
         all or part of either party's property or making of an assignment for
         the benefit of either party's creditor's shall be deemed to be a
         breach of the agreement and non-bankruptcy party may immediately at
         it's sole discretion cancel the agreement.

12.      Termination.

         (A) In the event an arbitration award or court judgment is rendered
         specifically enforcing any provision of this Agreement or declaring a
         party's rights or obligations under this Agreement, either party may,
         by giving written notice, demand that the other party comply with the
         award or judgment. In the event that the other party fails to comply
         with the order or judgment within ninety days after the giving of
         notice

                                      13
<PAGE>

                                                             RETAIL WEB PROJECT

         (unless relieved of the obligation to comply by a court or arbitration
         order before the end of that ninety-day period), the first party may
         terminate this Agreement immediately by giving the other party written
         notice of termination.

13.      Assignment. Neither party may assign this Agreement without the prior
         written approval of the other party, such approval not to be
         unreasonably withheld. Notwithstanding the foregoing sentence, a party
         may assign this Agreement by giving written notice to the other party
         in the following circumstances, provided the assignee agrees in
         writing with the other party to assume the assigning party's
         obligations under this Agreement.

14.      Notices, Designations, and Specifications. All notices to be given
         under this Agreement shall be given in writing at the address of the
         appropriate party as set forth below, unless that party has given a
         notice of change of address in writing. Any notice required by this
         Agreement shall be deemed to have been properly given when delivered
         in person, when sent by electronic facsimile, or when scheduled for
         delivery by internationally recognized courier service.

         If to Diversified Business Concepts, Inc.:
                  DIVERSIFIED BUSINESS CONCEPTS, INC.
                  3000 UNIVERSITY DRIVE
                  SUITE "I"
                  CORAL SPRINGS, FLORIDA  33065

         If to I SITES, INC. addressed to:
                  I SITES, INC.
                  1021 IVES DAIRY ROAD.
                  SUITE 117
                  MIAMI, FLORIDA  33179

15.      Dates and Times. All dates and times relevant to this Agreement or its
         performance shall be computed based on the date and time observed in
         Florida.

16.      Entire Agreement. This Agreement constitutes the entire agreement of
         the parties here to pertain for this supersedes all prior agreements,
         understandings, negotiations and discussions, whether oral or written,
         between the parties on that subject.

                                      14
<PAGE>

                                                             RETAIL WEB PROJECT

17.      Amendments and Waivers. No amendment, supplement, or modification of
         this Agreement or any provision hereof shall be binding unless
         executed in writing by both parties. No waiver of any provision of
         this Agreement shall be binding unless evidenced by a writing signed
         by the party waiving compliance with such provision. No waiver of any
         of the provisions of this Agreement shall be deemed or shall
         constitute a waiver of any other provision hereof, nor shall any such
         waiver constitute a continuing waiver unless otherwise expressly
         provided.

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

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed in duplicate by their duly authorized representatives.

DIVERSIFIED BUSINESS CONCEPTS, INC.

            BY:        /S/  GREGORY A. PANGBURN
                -------------------------------
                  MR. GREGORY A. PANGBURN
                        PRESIDENT

            DATE:   NOVEMBER 9, 2001

I SITES, INC

            BY:      /S/   BRIAN D. COHEN
                -------------------------------
                       MR. BRIAN D. COHEN
                       PRESIDENT

            DATE:     NOVEMBER 9, 2001<PAGE>

                                      [PYXIS TECHNOLOGY SOLUTIONS LIMITED LOGO]

                           E-STORE PROJECT AGREEMENT

                            SOFTWARE DEVELOPMENT FOR

                                "I-SITES, INC."

                                   ISSUED BY

                       PYXIS TECHNOLOGY SOLUTIONS LIMITED
                          UNIT NO-2, SDF BLOCK 1,VEPZ
                                 VISAKHAPATNAM
                         ANDHRA PRADESH (India)-530046

                                      And

                      DIVERSIFIED BUSINESS CONCEPTS, INC.
                              3000 University Dr.
                                   Suite "I"
                            Coral Springs, Fl 33065

                                       1
<PAGE>

                                      [PYXIS TECHNOLOGY SOLUTIONS LIMITED LOGO]

                               TABLE OF CONTENTS:
<TABLE>
<CAPTION>
SECTION:                                                                    PAGE
<S>                                                                         <C>
1.        PURPOSE ..................................................        3

2.        PROJECT DEFINITION AND SCOPE .............................        3

3.        PROJECT MANAGEMENT .......................................        4

   3.1    SYSTEM ENVIRONMENT..........................................      4
   3.2    PROJECT IMPLEMENTATION METHODOLOGY........................        4

4.        PROJECT EXECUTION AND DELIVERY ...........................        7

   4.2    Project Cost..............................................        9

5.        PAYMENT PLAN / SCHEDULE ..................................        9

6.        DELIVERABLES: ............................................        10

7.        POST IMPLEMENTATION SUPPORT ..............................        10

8.        CHANGES ..................................................        10

9.        TERMS AND CONDITIONS OF THE AGREEMENT ....................        11
</TABLE>

                                       2
<PAGE>

                                      [PYXIS TECHNOLOGY SOLUTIONS LIMITED LOGO]

1. PURPOSE

The purpose of this Document is to describe the services, Pyxis Technology
Solutions Limited, (Supplier) and Diversified Business Concepts, Inc. (DBCI)
(Project Coordinator) will provide to Customer, I-SITES, INC. under the terms
and conditions of this Project Agreement. The Agreement represents the complete
and total understanding of the parties regarding the services to be provided
under this Agreement.

Pyxis Technology Solutions Limited and DBCI will Provide Services to design,
develop, test and implement software for the E-STORE in order to deliver to
I-SITES, INC. as per Functional Requirement in Annexure-1.

2. PROJECT DEFINITION AND SCOPE

This Section Outlines the scope of work required to meet I-SITES, INC. schedule
and functional requirements.

PROJECT OBJECTIVES  / GOALS :
Development of an online portal (e-store) that empowers anyone to open an
online store dynamically. This would include a store-building wizard that would
allow individuals and small online businesses to select the products they want
to sell and to customize the look and feel of their storefront.

This will include a search engine and the shopping cart and seamlessly
integrate with the database of I-sites.

E-store would provide all hosting, transaction processing, customer service,
order fulfillment, merchandising and marketing programs. Anyone who has an
Internet marketing idea can get the necessary tools and product catalog to
create a successful online store quickly and easily.

         --       Functional Requirement specifications are as per Annexure-1.

         --       All the required Hardware and Licensed Software required to
                  install/ run the application is to be purchased by I-SITES,
                  INC. and the supply of the above is not in the scope of Pyxis
                  Technology Solutions Ltd. In case I-SITES, INC. requires the
                  product to be tested by any specific testing package tool
                  then the same has to be procured by I-SITES, INC.

                                       3
<PAGE>

                                      [PYXIS TECHNOLOGY SOLUTIONS LIMITED LOGO]

3. PROJECT MANAGEMENT

The Section attempts to present the information with regard to proposed
software tools, development methodology, plans/schedules of implementation,
documentation formats, application support, manpower skills and other related
aspects for successful and effective project implementation. Pyxis technology
Solutions limited conforms to I-SITES, INC. preferred route for SAT (Site
Acceptance Test).

3.1 SYSTEM ENVIRONMENT

OPERATING ENVIRONMENT
Windows-2000 server with IIS (Internet Information Server)

DATABASE
SQL Server 2000

DEVELOPMENT TOOLS
ASP (Active Server Pages), VB COM, HTML and Java Script

3.2 PROJECT IMPLEMENTATION METHODOLOGY

Our methodology for implementation of the System would be as under:

3.2.1 Initial Kick-Off Meeting: On confirmation of order, Pyxis Technology
Solutions Limited will organize a "kick-off" meeting with the customer's
representatives to signify start of project.

--       I-SITES, INC. will designate its project facilitator / project manager
         who will liaise with PTSL and DBCI on project implementation / scope,
         approval of specs and requirements and making decisions for
         implementation of application. He will work as overall project manager
         with authority on project activities.

--       PTSL project leader will conduct review of detailed design; lead the
         development team for development, testing and quality assurance along
         with the implementation support. PTSL will be responsible for the
         project development. PTSL project leader will report to I-SITES, INC.
         project manager.

The following aspects will be reviewed in detail during the kick-off meeting:

--       Activities identified in the implementation process and allocation of
         responsibilities between PTSL & I-SITES, INC.
--       Hardware Availability / Site-preparation discussions
--       Project guidelines and implementation methodology

After the kick-off meeting PTSL Project Leader will prepare a detailed project
schedule and submit the same for approval by I-SITES, INC..

                                       4
<PAGE>

                                      [PYXIS TECHNOLOGY SOLUTIONS LIMITED LOGO]

3.2.2 Mobilization: This phase requires PTSL to identify and mobilize the
manpower required for the project within a week after project kick-off. One
PTSL Project Leader will be assigned to co-ordinate and manage and control all
aspects of the project life cycle with respect to the analysis, design,
development, quality assurance and adherence to delivery schedules. I-SITES,
INC. will appoint a one-point coordinator (I-SITES, INC. Project Manager)
responsible for issues related to finalization of specifications, project
management and implementation, on behalf of customer.

3.2.3 Review of Technical Design and Specifications: PTSL will appoint a
functional consultant to review further and refine I-SITES, Inc.'s design
specs. The functional consultant will work closely with I-SITES, INC.
coordinator in:

--       Understanding the systems & procedures
--       Conducting customer interviews
--       Discussing integration issues
--       Laying down standards (File updates, primary keys, foreign keys,
           validation rules)
--       Development of specifications document

A revised design and specifications document will be prepared after the above,
which would clearly state the requirements, objectives, constraints and
controls. The document would have to be approved by I-SITES, INC. in order for
the process to move forward.

The following elements of the application being developed will be studied in
this process:

3.2.4 Detailed Design and Development: PTSL will commence coding the
application at its development center in VEPZ, Visakhapatnam). PTSL shall have
to use its own development platform (hardware, database and development tools)
for the development of the application at its development center.

3.2.5 Database Design: Database design involves the design of the table
structures, views, etc., on the basis of the customization to be carried out MS
SQL may be used to generate the database design. The structures thus created
may have to be fine-tuned (normalized / de-normalized) to gear up for
performance.

3.2.6 Program Level development plan and project schedule: A detailed schedule
will be prepared that will specify all areas of the development activities and
time frames / completion dates related to each activity / program development,
along with the resources identified to execute each activity. The program
development life cycle is detailed to the extent of development, testing and
Quality Assurance for the application. The programs will be developed in
accordance to the detailed project plan. The development plan would include
program development, checkout, program level documentation and QC.

                                       5
<PAGE>

                                      [PYXIS TECHNOLOGY SOLUTIONS LIMITED LOGO]

3.2.7 Internal Testing and Quality Assurance: Each program would pass through
the Program Test / Code Review phase. PTSL would test the entire application to
ensure accuracy of the data entered, updated, processed and reported. The
system checkout will also highlight non-adherence to specifications and items
missed out during the development process. I-SITES, INC. shall provide sample
test case data for the purpose.

3.2.8 Site Acceptance Test: I-SITES, INC. will be invited to conduct a detailed
site acceptance test (at PTSL's Development center in VEPZ, Visakhapatnam).
PTSL will coordinate with I-SITES, INC. for the acceptance test plan and
execution with test cases in a step-by-step manner. Any minor changes or
improvements identified would also be incorporated during test stage or soon
after the test completion. I-SITES, INC. will sign the site acceptance if the
specifications and requirements have been met and found to be functionally
satisfactory.

Note: I-SITES, INC. will provide data for testing including a spreadsheet model
containing validated results for specific calculations of the system. The same
will be used for internal testing by PTSL for reconciliation before site
Acceptance Test is taken up.

3.2.9 User Training On E-store: PTSL shall provide detailed training on the
usage of the applications for two System Administrators either at I-SITES, INC.
or at PTSL.

In case the Training is to be given at I-SITES, INC. Site the expenses of
Engineers employed, and the training infrastructure are to be borne by I-SITES,
INC. and are not included in the estimate given in this Contract.

Expenses include
Travel (Air Travel)
Boarding and Lodging in a Decent Hotel *
(* For the period of Training)
Training Infrastructure

The training will be specific to the business processes of I-SITES, INC.
systems implementation.

3.2.10 User Documentation: I-SITES, INC. will be provided with a complete set
of user documentation of entire application as part of the proposal. PTSL shall
deliver one soft copy and one hard copy of the documentation. Typical Structure
/ Format of User Documentation includes:

         --       Overview of application system
         --       Module wise documentation in the format of:
                  --       Function/module item with its purpose
                  --       Screen print of the screen
                  --       Brief description of the function module
                  --       Description of each item of the screen
                  --       Messages and error processing details
                  --       Authorization rules and roles for the module
                  --       Remarks or notes

Soft copy will be delivered in MS-Word-97 files.

                                       6
<PAGE>

                                      [PYXIS TECHNOLOGY SOLUTIONS LIMITED LOGO]

3.2.11 System Documentation: I-SITES, INC. will be provided with a complete set
of system / technical documentation of the entire application as part of the
proposal. PTSL shall deliver one soft copy (using MS-Word-97) and one hard copy
of the documentation. Typical Structure / Format of System documentation
includes:

         --       Overview of application system
         --       System Architecture detailing Hardware, DBMS and System
                  Software
         --       Module wise technical documentation in the format of:
                  --       Function with its purpose and Screen print of screen
                  --       Brief description of the function module
                  --       Description of each item of the screen
                  --       Inputs and Outputs for the module
                  --       Database information (tables and columns used along
                           with mode of usage)
                  --       Remarks or notes

Soft copy will be delivered in MS-Word-97 files.

3.2.12 Live Run: The users would enter live data and process them for a period
of 15 days during which PTSL shall provide constant improvements and
enhancements. The reports for the same will be reviewed and the site acceptance
is further confirmed by I-SITES, INC.

If case the enhancements are to be made at I-SITES, INC. locality then, the
expenses of the engineers employed as mentioned above must be bourn by I-SITES,
INC. and are not included in the estimate given in this Contract.

It is PTSL's commitment to meet the highest software quality and standards
along with the successful project implementation meeting all requirements and
expectations of I-SITES, INC.

4. PROJECT EXECUTION AND DELIVERY

The development and testing of the product will be done at Pyxis development
center in Visakhapatnam, India. The standard ISO procedures implemented at
Pyxis will be used for the development of the product.

The System will be implemented using the Development life cycle as shown in the
figure below. This approach essentially refers to the testing of software
against the technical specifications during each stage of its life cycle to
ensure conformance.

Each of the phases in the methodology is iterative in nature. This implies that
a review of the current phase can be done at any time as well as at the end of
each phase. The results of the review may force a return to the previous phase
so that a change can be rippled through the current phase.

                                       7
<PAGE>

                                      [PYXIS TECHNOLOGY SOLUTIONS LIMITED LOGO]

The arrows leaving the middle of a phase rectangle indicate that the linked
phase can be parallel to the previous phase though lagging behind. Arrows
leaving the right hand side of a phase imply that this phase must be completed
before the target phase can be executed.

The Integration and Test phase has the most important tasks of:

--       Detecting errors of design and implementation
--       Prevent the propagation of errors through the system
--       To minimize the risk of delay caused by such errors.

It consists of a series of stages so that for any item the accepted test
criteria must be passed before the test can progress to the next layer.
However, final testing will continue as each new subsystem is added to the
phase.

[CHART]

                                       8
<PAGE>

                                      [PYXIS TECHNOLOGY SOLUTIONS LIMITED LOGO]

4.1 PROJECT ACTIVITY BREAK-UP

Specific activities, milestones and checkpoints are presented in the table
below Effective from the date of signing of the agreement:

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
         ACTIVITY                               AGENCY                  SCHEDULE   SCHEDULE      ACTUAL     ACTUAL       CALENDAR
                                                                        FROM       TO            FROM       TO           DAYS
---------------------------------------------------------------------------------------------------------------------------------
<S>      <C>                                    <C>                     <C>        <C>           <C>        <C>          <C>
1        Revise specs and prepare               PTSL/I-SITES,INC.                                                         10 days
         technical specification                DBCI
---------------------------------------------------------------------------------------------------------------------------------
2        APPLICATION DEVELOPMENT & TESTING
---------------------------------------------------------------------------------------------------------------------------------
         Develop application as per specs       PTSL                                                                      25 days

---------------------------------------------------------------------------------------------------------------------------------
         Internal Testing and fine tuning       PTSL                                                                      10 days

---------------------------------------------------------------------------------------------------------------------------------
3        SITE ACCEPTANCE TEST                   I-SITES, INC.                                                             5

---------------------------------------------------------------------------------------------------------------------------------
4        Live run of applications and           I-SITES,INC./PTSL                                                         15 days
         Implementation sign-off                DBCI
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>

4.2 PROJECT COST

   Total estimated cost             --        $48,000*

*Inclusive of Integration with I-sites

5. PAYMENT PLAN / SCHEDULE

The total Consideration for the project is Forty-eight Thousand dollars. The
Payment shall be made in accordance with the progress of the project in the
following way

<TABLE>
<CAPTION>
  ---------------------------------------------------------------------------------------
  PERCENTAGE OF TOTAL AMOUNT                   STAGES OF PAYMENT
  ---------------------------------------------------------------------------------------
  <S>                                          <C>
  30                                           On signing of Agreement
  ---------------------------------------------------------------------------------------

  ---------------------------------------------------------------------------------------
  40                                           On submitting for Testing
  ---------------------------------------------------------------------------------------

  ---------------------------------------------------------------------------------------
  20                                           After Acceptance of Testing
  ---------------------------------------------------------------------------------------

  ---------------------------------------------------------------------------------------
  10                                           After sign-off
  ---------------------------------------------------------------------------------------
</TABLE>

                                       9
<PAGE>

                                      [PYXIS TECHNOLOGY SOLUTIONS LIMITED LOGO]

6. DELIVERABLES:

The following are the Deliverables:

         a)       System Specifications
         b)       Software or Source Code
         c)       User and Operations Manuals

7. POST IMPLEMENTATION SUPPORT

7.1 PTSL will provide continued and qualitative support for 30 days from the
day of installation at I-SITES, INC. Pty or 30 days from the date of delivery
of the software which ever is earlier.

7.2 PTSL will provide continued and qualitative support on long-term basis.

A separate contract with PTSL has to be signed for annual maintenance as per
customer choice.

8. CHANGES

During the course of the project the need to make changes to various aspects of
the project may arise. If the changes to be done exceeds 25% of the cost of the
project calculated as per the man-hour rate a separate contract has to be
signed by PTSL and I-SITES, INC. Pty. If the changes to be done are less than
25% of the project cost calculated as per the man hour rate a flat rate of
$10.00 per hour will be charged by PTSL to accomplish the changes.

                                      10
<PAGE>

                                      [PYXIS TECHNOLOGY SOLUTIONS LIMITED LOGO]

9. TERMS AND CONDITIONS OF THE AGREEMENT

1.       The "Effective Date" is the date on which the Agreement is signed by
         Pyxis technology solutions Ltd and I-SITES, INC.

2.       The "Expiration Date" is 30 days from the day of installation at
         I-SITES, INC. or 30 days from the date of delivery of the software
         which ever is earlier.

3.       "Term of this Agreement" begins on the Effective Date and runs through
         the signing of this contract to the Expiration Date.

4.       Limitation of Liability. Neither party shall be liable to the other
         under this Agreement for any special, indirect, incidental, punitive,
         exemplary or consequential damages.

5.       Specific Performance. During the Term of this Agreement, either party
         may seek specific performance of any provision of this Agreement as
         provided; the party seeking such performance is not in material breach
         of its obligations.

6.       Resolution of Disputes Under This Agreement. Disputes arising under or
         in connection with this Agreement, including requests for specific
         performance, shall be resolved in a court of competent jurisdiction
         or, at the election of both parties (except for any dispute over
         whether a policy adopted by the Board is a Consensus Policy, in which
         case at the election of either party), by an arbitration conducted as
         provided in this Section pursuant to the National Arbitration Rules of
         the Indian Arbitration Association ("IAA"). The arbitration shall be
         conducted in English and shall occur in VIZAG, INDIA. There shall be
         three arbitrators: each party shall choose one arbitrator and, if the
         two arbitrators are not able to agree on a third arbitrator, the IAA
         shall choose the third. The parties shall bear the costs of the
         arbitration in equal shares, subject to the right of the arbitrators
         to reallocate the costs in their award as provided in the IAA rules.
         The parties shall bear their own attorneys' fees in connection with
         the arbitration, and the arbitrators may not reallocate the attorneys'
         fees in conjunction with their award. The arbitrators shall render
         their decision within ninety days of the initiation of arbitration. In
         all litigation involving Pyxis Technology Solutions Ltd concerning
         this Agreement (whether in a case where arbitration has not been
         elected or to enforce an arbitration award), jurisdiction and
         exclusive venue for such litigation shall be in a court located in
         Vizag, INDIA however, the parties shall also have the right to enforce
         a judgment of such a court in any court of competent jurisdiction. For
         the purpose of aiding the arbitration and/or preserving the rights of
         the parties during the tendency of an arbitration, the parties shall
         have the right to seek temporary or preliminary injunctive relief from
         the arbitration panel or a court located in Vizag INDIA, which shall
         not be a waiver of this arbitration agreement.

                                      11
<PAGE>

                                      [PYXIS TECHNOLOGY SOLUTIONS LIMITED LOGO]

7.       Bankruptcy: - The filing of a petition of bankruptcy, Weather
         voluntary or involuntary or appointment of the receiver or trustee for
         all or part of either party's property or making of an assignment for
         the benefit of either party's creditor's shall be deemed to be a
         breach of the agreement and non-bankruptcy party may immediately at
         it's sole discretion cancel the agreement.

8.       Termination.

         (A)      In the event an arbitration award or court judgment is
                  rendered specifically enforcing any provision of this
                  Agreement or declaring a party's rights or obligations under
                  this Agreement, either party may, by giving written notice,
                  demand that the other party comply with the award or
                  judgment. In the event that the other party fails to comply
                  with the order or judgment within ninety days after the
                  giving of notice (unless relieved of the obligation to comply
                  by a court or arbitration order before the end of that
                  ninety-day period), the first party may terminate this
                  Agreement immediately by giving the other party written
                  notice of termination.

9.       Assignment. Neither party may assign this Agreement without the prior
         written approval of the other party, such approval not to be
         unreasonably withheld. Notwithstanding the foregoing sentence, a party
         may assign this Agreement by giving written notice to the other party
         in the following circumstances, provided the assignee agrees in
         writing with the other party to assume the assigning party's
         obligations under this Agreement.

10.      Notices, Designations, and Specifications. All notices to be given
         under this Agreement shall be given in writing at the address of the
         appropriate party as set forth below, unless that party has given a
         notice of change of address in writing. Any notice required by this
         Agreement shall be deemed to have been properly given when delivered
         in person, when sent by electronic facsimile, or when scheduled for
         delivery by internationally recognized courier service.

If to Diversified Business Concepts, Inc. for Pyxis Technology Solutions Ltd:
                  DIVERSIFIED BUSINESS CONCEPTS, INC.
                  SUITE "I"
                  CORAL SPRINGS, FL 33065

If to I-SITES, INC. addressed to:
                  I-SITES, INC.
                  1021 IVES DAIRY ROAD
                  SUITE 117
                  MIAMI, FLORIDA  33179

                                      12
<PAGE>

                                      [PYXIS TECHNOLOGY SOLUTIONS LIMITED LOGO]

12.      Dates and Times. All dates and times relevant to this Agreement or its
         performance shall be computed based on the date and time observed in
         Vizag, INDIA.

13.      Language. All notices, designations, and specifications made under
         this Agreement shall be in the English language.

14.      Entire Agreement. This Agreement constitutes the entire agreement of
         the parties here to pertain for this supersedes all prior agreements,
         understandings, negotiations and discussions, whether oral or written,
         between the parties on that subject. This Agreement is intended to
         coexist with any Registrar Accreditation Agreement between the
         parties.

15.      Amendments and Waivers. No amendment, supplement, or modification of
         this Agreement or any provision hereof shall be binding unless
         executed in writing by both parties. No waiver of any provision of
         this Agreement shall be binding unless evidenced by a writing signed
         by the party waiving compliance with such provision. No waiver of any
         of the provisions of this Agreement shall be deemed or shall
         constitute a waiver of any other provision hereof, nor shall any such
         waiver constitute a continuing waiver unless otherwise expressly
         provided.

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

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed in duplicate by their duly authorized representatives.

I-SITES, INC.

            BY:   /S/  BRIAN D. COHEN
               ---------------------------
            MR. BRIAN D. COHEN
            PRESIDENT

            DATE:  MARCH 6, 2002

DIVERSIFIED BUSINESS CONCEPTS, INC.

            BY:   /S/  GREGORY A. PANGBURN
               ---------------------------
            MR. GREGORY A. PANGBURN
            PRESIDENT

            DATE:  MARCH 6, 2002

                                      13

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00039-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00039-of-00352.parquet"}]]