Document:

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                           BUSINESS AND TRADE NETWORK

                                       OF

                             AMERICA, INC. AGREEMENT

                                FEBRUARY 24, 2000

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                                TABLE OF CONTENTS

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                                                                                     PAGE
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1.       Scope of Work..................................................................1

2.       Relationship and Duties........................................................2

3.       Exclusivity....................................................................2

4.       Confidential Information.......................................................4

5.       Rights in "Intellectual Property" and "Software"...............................4
         5.1      Cavion Intellectual Property..........................................4
         5.2      BATNET Intellectual Property..........................................5
         5.3      Jointly Owned Intellectual Property...................................6

6.       Protection of Proprietary Rights...............................................6

7.       Copyright and Proprietary Notices..............................................6

8.       Term...........................................................................6

9.       Representations and Warranties Made By BATNET..................................7

10.      Representations and Warranties Made by Cavion..................................8

11.      Security Standards.............................................................9

12.      Indemnification................................................................9

13.      Waiver.........................................................................9

14.      Force Majeure.................................................................10

15.      Notices.......................................................................10

16.      Limitation of Agreement.......................................................10

17.      Right to Audit................................................................10

18.      Assignment....................................................................11

19.      Arbitration...................................................................11

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20.      Titles and Headings...........................................................12

21.      Exhibits......................................................................12

22.      Severability..................................................................12

23.      Counterparts..................................................................12

24.      Entire Agreement..............................................................12
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Exhibit A - BATNET Services

Exhibit B - CAVION Services

Exhibit C - Commissions/Fees--Revenue Split

Exhibit D - Marketing

Exhibit E - BATNET Business Associations

Exhibit F - Cavion Business Associations

Exhibit G - Examples of Cavion Third-Party Financial Service Providers

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                          BUSINESS AND TRADE NETWORK OF
                             AMERICA, INC. AGREEMENT

     This Agreement is made and entered into as of February 24, 2000,
("Effective Date") by and between BUSINESS & TRADE NETWORK OF AMERICA, INC.
("BATNET"), a Delaware corporation, with principal offices located at 33 Wood
Avenue South, Iselin, New Jersey, 08830, and CAVION TECHNOLOGIES, INC.
("Cavion"), a Colorado corporation, with principal offices located at 7475 Dakin
Street, Denver Co 80221 ("Agreement").

     WHEREAS, BATNET is an Internet based e-commerce corporation which engages
in the business of developing, creating, and customizing versions of its
Internet based marketplace known as the BATNET affinity marketplace (hereinafter
"BAM") to business, trade and like groups;

     WHEREAS, Cavion engages in the business of developing, creating,
customizing and hosting of Credit Union e-commerce, secure connectivity, and
Internet based transactional banking software.

     WHEREAS, Cavion desires to obtain the services of BATNET as more fully
described below, and BATNET agrees to provide services to Cavion on the terms
set forth in this Agreement.

     WHEREAS, BATNET shall develop, customize, maintain, and manage, in
accordance with Cavion's instructions and subject to Cavion's approval, a secure
site within BAM for the Credit Unions who are eligible to participate in BAM
(hereinafter "Cavion Credit Unions").

     WHEREAS, the BAM web pages shall be called from within a frame or other
like technologies together with other frames that have been branded by Cavion or
Cavion Credit Unions.

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

1.   SCOPE OF WORK

     Cavion agrees to engage BATNET to develop, customize, maintain, and manage
an Internet-based affinity marketing and member-benefits program known as the
BATNET Affinity Marketplace ("BAM") for Member Emporium or each Cavion Credit
Union that is eligible to participate in a BAM. Each BAM shall consist of an

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Internet based affinity marketing and member benefit program and other services,
as set forth in Exhibits A (BATNET Services), Exhibit B (Cavion Services),
Exhibit C (Commissions/Fees -- Revenue Split), and Exhibit D (Marketing) (the
"Services") to enable the membership of Cavion Credit Unions ("Members") to
register Online or otherwise, review product information, and purchase
product(s) and/or service(s) from various merchants over the Internet. BATNET
represents warrants that the performance of the Services shall be accomplished
in compliance with all applicable laws and regulations and in accordance with
any terms and conditions set forth in this Agreement.

2.   RELATIONSHIP AND DUTIES

     BATNET is retained by Cavion solely for the purposes set forth herein.
Neither party shall not have the power to bind the other nor shall either party
make any such representation. BATNET's relationship to Cavion shall be that of
an independent contractor solely responsible for the manner and means by which
the duties hereunder are carried out. Neither party shall not be construed for
any purpose to be (i) an employee subject to the control and direction of the
other or (ii) an agent or partner of the other.

3.   EXCLUSIVITY

     (a) Each party hereby acknowledges and agrees that it shall not be the
exclusive provider of the Services contemplated hereunder to the other,
"Associations" (as defined below) or Credit Unions. Each party shall be free to
market, provide and sell, and to contract and otherwise arrange to market,
provide, and sell its services to third parties; and, accordingly Cavion may
contract with or otherwise engage another business providing e-commerce
marketplaces to the Credit Unions concurrently with the term of this agreement,
and BATNET shall be free to market BAM or other e-commerce services to others,
including, without limitations, other Credit Unions. Notwithstanding the
foregoing, nothing in this paragraph shall be construed as to allow either party
hereto to contract directly with either party's business "Associations." For
purposes of this paragraph Associations shall mean, in the case of BATNET,
Associations as set forth on Exhibit E, and in the case of Cavion and Credit
Unions as set forth on Exhibit F and Exhibit G. Furthermore, BATNET and Cavion
hereby acknowledge that both parties hereto have a business understanding that
neither party shall actively seek or engage third parties providing the same or
similar services as either party to this agreement, during the initial term and
subsequent renewal term under this agreement.

     (b) During the Initial Term, any Renewal Period, Cavion shall notify BATNET
of any offer, proposal or solicitation to Cavion by any entity wishing to

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provide Services to Cavion similar to that provided by BATNET under this
Agreement ("a BATNET Competing Entity"), and shall notify BATNET of such offer,
proposal or solicitation to allow BATNET to match the same. BATNET shall have an
absolute right to match any such offer, proposal or solicitation (the "Match
Contract Terms") and Cavion shall execute an agreement with BATNET to provide
services pursuant to the Match Contract Terms. If BATNET executes and performs
its obligations under the agreement for the Match Contract Terms, Cavion may not
enter into an agreement with the BATNET Competing Entity.

     (c) During the Initial Term and any Renewal Period, BATNET shall notify
Cavion of any offer, proposal or solicitation to BATNET by any entity wishing to
obtain services from BATNET similar to that provided to Cavion under this
Agreement (a "Cavion Competing Entity"), and shall notify Cavion of such offer,
proposal or solicitation to allow Cavion to match the same. Cavion shall have an
absolute right to match any such offer, proposal or solicitation (the "Match
Contract Terms") and BATNET shall execute an agreement with BATNET to provide
services pursuant to the Match Contract Terms. If Cavion executes and performs
its obligations under the agreement for the Match Contract Terms, BATNET may not
enter into an agreement with the Cavion Competing Entity.

     (d) BATNET acknowledges that CAVION has relationships with certain
third-party merchants ("Cavion Merchants") that provide services or products
related to financial services or Internet access or generate consumer loans,
including but not limited to credit unions, credit union leagues, credit union
associations, corporate credit unions, internet service providers, auto brokers
and buying, services, credit bureaus, mortgage brokers, other mortgage issuers,
insurance companies, stock brokerage and investment companies. Any such
compensation arrangement with Cavion Merchants is not considered part of this
Agreement. Examples of such relationships are described more fully and attached
hereto as Exhibit G.

     (e) Cavion, by entering into this Agreement with BATNET, will use
reasonable commercial efforts to endorse and recommend the BAM services to the
credit unions. Nevertheless, and notwithstanding the foregoing, both Parties to
this Agreement expressly acknowledge, understand and accept that each credit
union connected to Cavion's Network must agree to permit BATNET to serve its
members through Cavion's Network. Any decision by any credit union not to permit
BATNET to provide any services to its members shall be deemed to be outside the
control of either BATNET or Cavion and shall not operate to the detriment of
either BATNET or Cavion under any term or provision of this Agreement, each of
which shall remain in full force and effect and shall be enforceable by either
Party hereto.

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4.   CONFIDENTIAL INFORMATION

     (a) BATNET and Cavion may, during the term of this Agreement, disclose
certain confidential information to each other. For the purposes of this
Agreement, "Confidential Information" shall mean any information of either party
hereto whether or not developed by the other, including but not limited to,
pre-existing or new information which relates to all ideas, designs, methods,
discoveries, improvements, products or other results of consulting services,
trade secrets, product data and specifications, proprietary rights, business
affairs, product developments, customer information, member information, or
employee information. Confidential Information does not include any information
that:

     (i)   either party can prove was known prior to the date of this Agreement
           and any other agreement between the parties hereto, without an
           obligation to keep it confidential;

     (ii)  either party can prove was lawfully obtained from a third party
           without any obligation of confidentiality;

     (iii) is or becomes part of the public domain through no act or violation
           of any obligation of either party; or

     (iv)  is required to be disclosed by court order or operation of law.

     (b) The parties shall keep all Confidential Information in confidence and
shall not, at any time during or after the term of this Agreement, without the
other's prior written consent, disclose or otherwise make available, directly or
indirectly, any item of Confidential Information to anyone. The parties shall
use the Confidential Information only in connection with this Agreement and for
no other purpose.

5.   RIGHTS IN "INTELLECTUAL PROPERTY" AND "SOFTWARE"

     5.1  CAVION INTELLECTUAL PROPERTY

          5.1.1 Cavion hereby grants BATNET a royalty free, non-exclusive,
     non-transferable, limited license to use Cavion's name and any and all
     logos, trademarks, service marks, and all other such images Cavion now or
     hereafter claims ownership during the term of this agreement ("Cavion
     Intellectual Property"), in connection with BATNET's creation, development,
     advertising, marketing, promotion, and administration of BAM. BATNET's use
     of Cavion's name, logo, trademark, service mark or the like, owned by
     CAVION, shall be limited to the purposes described in this Agreement.
     BATNET agrees that ownership of such name, logo, and trademark shall remain
     with Cavion. Cavion Intellectual Property also includes any marketing
     materials relating to

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     the services provided under this Agreement, and the development or creation
     of any intellectual property paid for or developed solely by Cavion.

          5.1.2 All right, title and interest in and to any computer code (both
     source and object) including, but not limited to, all interfaces,
     navigational devices, menus, menu structures or arrangements, help and
     other operational instructions and the literal and non-literal expressions
     of ideas that operate, cause, create, direct, manipulate, access or
     otherwise affect the Cavion Web site and Cavion Intellectual Property
     developed by Cavion or by a third party other than BATNET on behalf of
     Cavion ("Cavion Software") including without limitation, any copyrights,
     patents, trade secrets and other intellectual or industrial property rights
     therein is and shall be owned exclusively by Cavion.

     5.2  BATNET INTELLECTUAL PROPERTY

          5.2.1 BATNET hereby grants Cavion a royalty free, non-exclusive,
     non-transferable, limited license to use BATNET's name and any and all
     logos, trademarks, service marks, and all other such images BATNET now or
     hereafter claims ownership during the term of this agreement ("BATNET
     Intellectual Property"), in connection with the services provided by BATNET
     under this Agreement. Cavion's use of BATNET's name, logo, trademark,
     service mark or the like, owned by BATNET, shall be limited to the purposes
     described in this Agreement. Cavion agrees that ownership of such name,
     logo, and trademark shall remain with BATNET. BATNET Intellectual Property
     also includes any intellectual property paid for or developed by BATNET.

          5.2.2 All right, title and interest in and to any computer code (both
     source and object) including, but not limited to, all interfaces,
     navigational devices, menus, menu structures or arrangements, help and
     other operational instructions and the literal and non-literal expressions
     of ideas that operate, cause, create, direct, manipulate, access or
     otherwise affect the BATNET Services or the BATNET Intellectual Property
     developed by BATNET (except jointly conceived or created intellectual
     property, which shall be jointly owned as provided in Section 5.3) or by a
     third party other than Cavion on behalf of BATNET ("BATNET Software")
     including without limitation, any copyrights, patents, trade secrets and
     other intellectual or industrial property rights therein is and shall be
     owned exclusively by BATNET.

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     5.3  JOINTLY OWNED INTELLECTUAL PROPERTY

     Except as otherwise provided in this Agreement, any and all intellectual
property jointly conceived or created under the performance of this Agreement
shall be co-owned by both Cavion and BATNET.

     6.   PROTECTION OF PROPRIETARY RIGHTS

     (a) Neither party shall assist or permit others to, de-compile, decrypt,
disassemble, or otherwise reverse engineer the Cavion Software or the BATNET
Software to create or derive the source code thereof from the object code
thereof or from any other information.

     (b) Each party shall use its best efforts to ensure that its employees,
independent contractor agents, sales and distribution agents and other acting in
concert with it or on its behalf are prohibited from taking any action otherwise
prohibited to each party hereunder and to promptly notify the other party of the
circumstances surrounding any such use or possession of the other parties'
"Software" (as defined in Section 5) or any part thereof.

     7.   COPYRIGHT AND PROPRIETARY NOTICES

     (a) BATNET shall place on all services and associated documentation (and
any parts thereof) the copyright notices, confidentiality legends, and other
labels (singularly or collective "Proprietary Rights Notice") in the exact
form(s) reasonably specified in written notice(s) and as requested by Cavion.
BATNET shall not remove or alter any copyright or other Proprietary Rights
Notice required by Cavion.

     (b) If Cavion is contacted by a third party, excluding Cavion Associations
(as defined in Section 3(a) of the Agreement) and Cavion competitors, Cavion
shall verify that the BAM is "powered by" BATNET. At Cavion's sole discretion,
Cavion may place a propriety BATNET notice on the Cavion BAM.

     (c) Neither party shall use the name or trademark of the other in
connection with any solicitation or promotion without prior written consent.

     8.   TERM

     (a) This Agreement shall remain in effect for the period commencing with
the Effective Date and terminating with the date that is three (3) years after
the Effective Date (the "Initial Term"). Thereafter, this Agreement shall be
automatically renewed for a period of one (1) year (individually, a "Renewal
Period") without the requirement of further notice. Either party may terminate
this Agreement upon

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expiration of the Initial Term or any Renewal Term by delivering written notice
of such termination at least ninety (90) days prior to the expiration of the
Initial Term or the then-current Renewal Period, as the case may be, in which
event the Agreement shall automatically terminate at the end of the Initial Term
or such Renewal Period. In addition, either party may terminate this Agreement
upon a material breach of this Agreement by the other party that has not been
cured within 60 days of such breach. In the event that either party terminates
this Agreement, Cavion and BATNET shall be entitled to receive any and all
unpaid commissions and fees due up to the date of termination. In no event,
however, will BATNET be obligated to refund to Cavion any monies paid.

     (b) Upon termination of this Agreement for any reason:

          (i)  If requested by BATNET, Cavion shall immediately return any and
               all BATNET materials (including without limitation the designs,
               scripts, storyboards, masters and any and all other materials
               relating to the BATNET Software) delivered by BATNET hereunder
               and all copies of the same, and certify by sworn statement of one
               of its officers that all such materials and copies have been
               delivered to BATNET; and

          (ii) If requested by Cavion, BATNET shall immediately return any and
               all Cavion materials (including without limitation the designs,
               scripts, storyboards, masters and any and all other materials
               relating to the Cavion Software) delivered by Cavion hereunder
               and all copies of the same, and certify by sworn statement of one
               of its officers that all such materials and copies have been
               delivered to Cavion.

9.   REPRESENTATIONS AND WARRANTIES MADE BY BATNET

     (a) BATNET REPRESENTS AND WARRANTS TO CAVION THAT THE SERVICES PROVIDED
SHALL CONFORM TO EXHIBIT A. BATNET DOES NOT WARRANT AGAINST FAILURE OF
PERFORMANCE DUE TO FAILURE OR DISRUPTION OF THE INTERNET AND/OR CAVION's WEBSITE
SERVER OR CONNECTIVITY, FAILURE OF CAVION's COMPUTER HARDWARE OR SOFTWARE,
AND/OR THIRD PARTY SERVICES UNDER CAVION's CONTROL. THE FOREGOING WARRANTY IS
THE ONLY WARRANTY MADE WITH RESPECT TO SERVICES PROVIDED UNDER THIS AGREEMENT
AND IS A LIMITED WARRANTY. BATNET EXPRESSLY DISCLAIMS ANY AND ALL OTHER
WARRANTIES EXPRESS OR IMPLIED. THE LIABILITY OF BATNET FOR ANY REASON AND UPON
ANY CAUSE OF

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ACTION WHATSOEVER SHALL BE LIMITED TO THE AMOUNT ACTUALLY PAID, IN THE SIX (6)
MONTH PERIOD PRIOR TO THE CLAIM ARISING, TO BATNET UNDER THIS AGREEMENT. IN NO
EVENT SHALL BATNET BE LIABLE TO CAVION OR ANY THIRD PARTY FOR ANY DIRECT,
CONSEQUENTIAL, SPECIAL, PUNITIVE, OR INCIDENTAL DAMAGES INCLUDING, BUT NOT
LIMITED TO, LOST PROFITS OR OTHER ECONOMIC LOSS (WHETHER ARISING FROM BREACH OF
CONTRACT, TORT, STRICT LIABILITY) EVEN IF BATNET HAS BEEN APPRISED OF THE
LIKELIHOOD OF SUCH DAMAGES OCCURRING, LIMITATIONS OF LIABILITY REFLECTS THE
ALLOCATION OF RISK BETWEEN THE PARTIES. LIMITATIONS REFLECTED IN THIS SECTION
SHALL SURVIVE THE TERMINATION OF THIS AGREEMENT AND APPLY EVEN IF ANY LIMITED
REMEDY SPECIFIED IN THIS AGREEMENT IS FOUND TO HAVE FAILED OF ITS ESSENTIAL
PURPOSE.

     (b) BATNET represents and warrants to Cavion that:

          (i)  BATNET has the full power and authority to enter into and fulfill
               the terms of this Agreement and to make the grant of rights to
               Cavion contained herein;

          (ii) BATNET is the owner or has rights to use and sublicense the
               BATNET Intellectual Property and the BATNET Software;

         (iii) to BATNET's knowledge, no element of the BATNET Software
               provided by BATNET violates or infringes any copyright, patent,
               trademark, or trade secret of any third party; and

          (iv) BATNET has not previously assigned, pledged or otherwise
               encumbered any rights in the BATNET Intellectual Property or the
               BATNET Software in a manner that conflicts with the rights
               granted herein, and BATNET shall not assume any obligations or
               restrictions which would in any way interfere with or be
               inconsistent with this Agreement.

10.  REPRESENTATIONS AND WARRANTIES MADE BY CAVION

     (a)  Cavion represents and warrants that:

          (i)  Cavion has the full power and authority to enter into and fulfill
               the terms of this Agreement and to make the grant of rights to
               BATNET contained herein with respect to the INTELLECTUAL
               PROPERTY;

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          (ii) Cavion is the owner, or has rights to use and sublicense, the
               Cavion Intellectual Property and the Cavion Software;

         (iii) to Cavion's knowledge, no element of the Cavion Software
               provided by Cavion violates or infringes any copyright, patent,
               trademark, or trade secret of any third party; and

          (iv) Cavion has not previously assigned, pledged or otherwise
               encumbered any rights in the Cavion Intellectual Property or the
               Cavion Software in a manner that conflicts with the rights
               granted BATNET herein, and Cavion shall not assume any
               obligations or restrictions which would in any way interfere with
               or be inconsistent with this Agreement.

          (v)  Cavion has obtained or will obtain any and all rights, licenses,
               clearances, releases or other permissions necessary from third
               party credit unions to use their name, logo or any other
               intellectual property in connection with the BAM or any other use
               contemplated under this agreement. Cavion has obtained the right
               to grant BATNET approval for inclusion of any third party credit
               union in the BAM.

11.  SECURITY STANDARDS

     Cavion and BATNET shall require Cavion's Members using Cavion's BAM to
agree to follow certain security procedures including the use of passwords for
access to the Cavion's BAM site, which the parties agree to make available as a
link from the entry page of the Cavion's BAM. To the extent that either party
wishes to revise such security procedures during the term of this Agreement,
such revisions shall be agreed upon in writing by the parties.

12.  INDEMNIFICATION

     BATNET and Cavion shall indemnify, defend and hold harmless the other
party, its directors, officers, employees and agents with respect to any claim,
demand, cause of action, debt, or liability, including reasonable attorneys'
fees, to the extent that it is based upon a claim, that if true, would
constitute a breach of any of the indemnifying party's representations or
warranties hereunder.

13.  WAIVER

     The waiver by either party or any breach or failure to enforce any of the
terms or conditions of this Agreement at any time shall not in any way affect,
limit or waive

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either party's rights thereafter to enforce and compel strict compliance with
every term and condition of this Agreement.

14.  FORCE MAJEURE

     Neither party shall be liable for any loss or delay resulting from any
force majeure event, including acts of God, fire, natural disaster, labor
stoppage, war or military hostilities, disruption of the Internet, or inability
of carriers to make scheduled deliveries, and any payment or delivery date shall
be extended to the extent of any delay resulting from any force majeure event.

15.  NOTICES

     Any notice, request, demand, waiver, approval or other communication which
is required or permitted to be given hereunder shall be in writing and shall be
deemed if delivered personally or sent by telegram or telecopy (with
transmission confirmed) or by certified or registered mail, return receipts
required with postage prepaid, or by Federal Express or an equivalent overnight
delivery service, addressed to the parties at their respective addresses as
either party may designate in writing to the other. Such notice, request,
demand, waiver, consent, approval or other communication shall be deemed to have
been given as of the date so delivered, telegraphed, or telecopied, or on the
fifth day after deposit in the United States mail or on the second day after
deposit with Federal Express or an equivalent overnight delivery service.

16.  LIMITATION OF AGREEMENT

     The relationship of Cavion and BATNET hereunder is limited to the
respective rights and obligations of the parties specifically provided herein.
Notwithstanding any provision of this Agreement to the contrary, nothing herein
shall be construed to create a partnership between the parties, to authorize
either party to act as agent for the other, to permit either party to undertake
any agreement for the other, or to use the name or identifying mark of the
other, all except as it is specifically provided herein.

17.  RIGHT TO AUDIT

     During the Term and for three years thereafter, BATNET will keep and
maintain accurate accounts and records regarding the its services hereunder.
Upon Cavion's request, but no more than two (2) times per annum, BATNET shall
provide access to such records for examination, reproduction, and audit by
Cavion or its representatives. If any such audit discloses any understatement of
the Fees due, BATNET will immediately pay to Cavion any deficiency, plus
interest at the rate of one and one half percent (1.5%) per month or the maximum
rate as permitted under

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applicable usury law, whichever is less. If the deficiency for any audit period
is in excess of ten percent (10%) of the Fees actually paid for such audit
period, BATNET shall reimburse Cavion for all reasonable costs incurred to
conduct the audit.

18.  ASSIGNMENT

     This Agreement shall be binding upon and inure to the benefit of the
successors and assigns of BATNET and Cavion. Neither party shall assign any
rights nor obligations under this Agreement without the express written
authorization of the other party, except that (i) the sale of substantially all
of the assets of either, including but not limited to the private or public sale
of securities; the acquisition by or merger into another company of either; or
(ii) an assignment to an "Affiliate" or subsidiary shall not be deemed an
assignment which requires the other's consent, provided prompt notice of any
such sale, acquisition or merger shall be given. For purposes of this Section
18, an "Affiliate" means an entity that directly or indirectly, controls, is
controlled by, or is under common control with either BATNET or Cavion
(whichever is applicable).

19.  ARBITRATION

     Any controversy or claim arising out of or relating to this Agreement, or
the breach thereof, shall be settled by arbitration in the State of the party
against whom such claim is raised, by an arbitrator/mediator with specific
expertise in Internet and electronic communications matters, and in accordance
with the Commercial Arbitration Rules of the American Arbitration Association
then in effect, and judgment on the award rendered by the arbitrators) may be
entered in any court having jurisdiction thereof.

20.  GOVERNING LAW

     This agreement shall be governed by and construed in accordance with the
laws of the State in which the party against whom any claim, controversy or suit
is brought resides (the "Governing State"), without giving effect to its
principles or conflicts of laws to the extent such principles or rules would
require or permit the application of the laws of another jurisdiction. Amy
dispute arising out of or in connection with this agreement shall be subject to
the exclusive jurisdiction of the courts of the Governing State or of the United
States District Court of the same. Any process in any action or proceeding
arising out of or in connection with this agreement may, among other methods, be
served by delivering or mailing the same by registered or certified mail,
directed to the other party at the address first written above. Any such
delivery or mail service shall be deemed to have the same effect as personal
service within the State where the parties reside.

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21.  TITLES AND HEADINGS

     Titles and headings to articles, sections, or paragraphs in this Agreement
are inserted for convenience of reference only and are not intended to affect
the interpretation or construction of this Agreement.

22.  EXHIBITS

     The attached exhibits shall be construed as integral part of this
Agreement.

23.  SEVERABILITY

     The provisions of this Agreement shall be severable, and if any provision
of this Agreement is held to be invalid or unenforceable, it shall be construed
to have the broadest interpretation, which would render it valid and
enforceable.

24.  COUNTERPARTS

     This Agreement may be executed in one or more counterpart copies, each of
which shall be deemed an original and all of which shall together be deemed to
constitute one agreement.

25.  ENTIRE AGREEMENT

     This Agreement constitutes the entire agreement of the parties hereto with
respect to the subject matter hereof and any and all prior or contemporaneous
agreements not expressly contained in this Agreement are superseded hereby. This
Agreement may be amended only by a written instrument executed by all of the
parties to it.

     IN WITNESS WHEREOF

                            CAVION TECHNOLOGIES, INC., a Colorado corporation

                            By: /s/ David J. Selina
                               ------------------------------------------
                            Name:  David J. Selina
                                 ----------------------------------------
                            Title: President/CEO
                                  ---------------------------------------

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                            BUSINESS & TRADE NETWORK OF AMERICA, INC., a
                            Delaware corporation

                            By: /s/ Christopher B. Ferguson
                               ------------------------------------------
                            Name:  Christopher B. Ferguson
                                 ----------------------------------------
                            Title: President/CEO
                                  ---------------------------------------

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                                    EXHIBIT A

                                 BATNET SERVICES

     BATNET shall provide the following services in accordance with its existing
policies and pursuant to the terms and conditions of this Agreement:

     BATNET AFFINITY MARKETPLACE ("BAM"): BATNET will develop, customize,
maintain, and manage an Internet affinity and member-benefit program known as
the BATNET Affinity Marketplace ("BAM") to enable the membership of Cavion and
Cavion Credit Unions ("Members) to register, review product information, and
purchase product(s) and/or service(s) from merchants over the Internet. BATNET
shall create and brand said program under the name of Member Emporium and/or the
name of the specific Cavion Credit Unions as directed by Cavion. BATNET will
agree to develop a BAM for a specific credit union at prices mutually agreed to
by Cavion and BATNET.

     BAM OPERATIONS: The BAM will be provided through a frame or other like
technology on Cavion's existing Web-site and the websites of the Cavion Credit
Unions providing Members with access to the BAM through this link. The product
and merchant information areas of BAM shall reside on web servers maintained by
BATNET. The registration areas shall reside on web servers maintained by Cavion,
unless otherwise mutually agreed to by both parties. Product purchasing shall be
accomplished on secure merchant Web sites that are linked to the BAM. Cavion
will provide all Member Emporium and Credit Union co-branding other than is
provided on the BAM.

     CUSTOMIZATION OF BAM REGISTRATION AND PRODUCT INFORMATION AREAS: BATNET
will customize the BAM Registration and Product Information areas by adding the
logo(s) and color(s) used in Cavion's Web site, and will modify such
customization from time to time if requested by Cavion. If requested by Cavion,
BATNET will redesign the logo(s) and color(s) used in Cavion's and/or Cavion
Credit Unions' Web site. BATNET will include navigation buttons in these areas
to ensure that Cavion and/or Cavion Credit Union Members may easily return to
Cavion's and/or Cavion Credit Unions' Web site by clicking on the navigation
buttons unless otherwise mutually agreed to by both parties.

     OTHER BAM SERVICES: If requested, BATNET will provide other services
including, but not limited to, private label stores, e-mail appending, bulletin
board or chat service, vendor rating, frequent buyer programs, enhanced e-mail
and classified

<PAGE>

advertising ("Other BAM Services"). Prior to providing Other BAM Services,
BATNET and Cavion shall agree to a fee schedule for the same. [We put the
following back into section 3, which deals with exclusivity.]

     BAM MERCHANTS, CAVION MERCHANTS, AND OTHER MERCHANTS:

1.   BAM MERCHANTS

     Prior to linking BAM to Cavion's and the Cavion Credit Unions' existing
Websites, BATNET shall provide Cavion and/or the Credit Unions with a list
identifying the names of the service providers, retailers and/or merchants that
are participating in BAM ("BAM Merchants"). In addition, BATNET has the
exclusive right under this agreement, subject to the restrictions as set forth
in paragraph three (3)(d) of the within agreement, to negotiate and contract
with future merchants to be included in Cavion's and/or Cavion Credit Unions'
BAM excluding those described in Exhibit A Section 2, 3, Exhibits F and Exhibit
G . Should Cavion be approached by a merchant who wishes to be included in the
Cavion BAM, Cavion shall direct such merchant to BATNET for consideration;
Cavion shall not contract with any prospective merchants for inclusion in the
BAM without the express written consent of BATNET. Notwithstanding the
foregoing, no BAM Merchant will be placed in Cavion's and/or Cavion Credit
Unions' BAM without prior written approval by Cavion. Cavion and/or Cavion
Credit Unions' have the absolute right to reject any BAM Merchant for any
reason. Cavion shall accept or reject merchants presented to Cavion within ten
(10) days of such presentation. After Cavion has accepted a merchant Cavion may
later reject such merchant by giving BATNET written notice, and BATNET shall
remove such merchant from the Cavion's BAM or the Credit Unions' BAM within 15
days after receiving such written notice from Cavion.

2.   CAVION MERCHANTS

     BATNET acknowledges that CAVION has relationships or will develop
relationships with Cavion Merchants (as defined in Section 3(d) of the
Agreement), which may provide compensation to Cavion and/or Credit Unions. Any
such compensation arrangement with these Cavion Merchants is not considered part
of this Agreement and is not subject to the Fee structure set forth in Exhibit
C. All such relationships are described in Exhibit G. If BATNET is required to
spend more than two (2) hours of implementation planning and/or computer
programming time to make any Cavion Merchant's Web-site ready for inclusion in
Cavion's and/or Cavion Credit Unions' BAM ("Additional Prior Merchants Work"),
BATNET shall be compensated by Cavion for the additional Cavion Merchants Work
at the standard rate set forth in Exhibit C. Moreover, BATNET acknowledges and
agrees to prohibit all

                                       2
<PAGE>

advertising, promotion, or links to all Cavion Merchants, other than those
authorized by CAVION.

3.   OTHER MERCHANTS

     BATNET shall include in the BAM each and any service provider, retailer
and/or merchant under contract with Cavion or any Cavion Credit Union that
Cavion requests to be included in the BAM. Other Merchants must have secure
electronic commerce sites and agree to link their sites to BAM in a manner that
is comparable with other merchants provided by BATNET. If BATNET is required to
spend more than two (2) hours of computer programming time to make any Other
Merchant's Web site ready for inclusion in Cavion's and/or Cavion Credit Unions'
BAM ("Additional Other Merchants Work"), BATNET shall be compensated by Cavion
for the Additional Other Merchants Work at the standard rate set forth in
Exhibit C. BATNET shall submit to Cavion an estimate of any Additional Other
Merchants Work that may be required, and shall receive from Cavion prior written
approval before undertaking any such Additional Other Merchants Work. Other
Merchants must agree to accept information from the BAM onto their Web sites
including, but not limited to, information to provide for the accounting of
commissions and discounts, if any. Any and all fees payable to BATNET for
inclusion of Other merchants in the BAM, shall be negotiated and agreed prior to
such merchant inclusion in the same.

4.   AFFINITY COMMISSIONS AND DISCOUNTS

     BATNET shall negotiate and contract with all BAM Merchants and Other
Merchants with a relationship with Cavion interested in participating in the
BAM. Contracts between BATNET and BAM Merchants shall disclose discounts or
other member benefits available to Cavion's and/or Cavion Credit Unions'
Members. BATNET shall disclose gross commissions, sponsorships placement fees,
advertising, or any other fees ("Revenue") to be paid to BATNET for any
product(s) and/or service(s) purchased by Cavion's and/or Cavion Credit Union
Members through Cavion's and/or Cavion Credit Unions' BAMS. BATNET and Cavion
shall divide Revenue as set forth in Exhibit C.

5.   MEMBER SUPPORT/REPORTING/TRAINING

     5.1  MEMBER SUPPORT

     BATNET will develop appropriate support programs for Cavion and Cavion's
and/or Cavion Credit Unions' Members that register for the BAM, including
customer service online and telephone call-in functions as appropriate. BATNET
will use commercially reasonable efforts to provide a dedicated toll-free number
that will be

                                       3
<PAGE>

identified as "Member Emporium" when answered by a BATNET customer service
representative. BATNET will keep accurate records on customer support incidents
and provide Cavion access to such, upon request. In addition, BATNET shall
provide 44 severity level customer support" 24x7 to Members, Cavion Employees or
their agents. Severity level customer support shall be considered necessary for
any failure of BAM to function properly for a period of more than 12 consecutive
hours.

     5.2  REPORTING

     BATNET will develop a private and secure Web-based administration area for
the BAM which shall allow Cavion to track its financial (e.g. commissions and/or
fees generated by Cavion's BAM) and non-financial (e.g. number of Cavion
registered BAM members, web trends, number of hits per vendor, login file) BAM
activities Access to such area shall be limited to Cavion and BATNET.

     5.3  MEMBER INFORMATION

     (a)  BATNET and Cavion will mutually cooperate to transfer relevant
          information in a secure manner to facilitate Member Registration,
          Targeted Ad Serving, and Member Profiling.

     (b)  CAVION will provide BATNET access to any opt-out requests received
          from members by sending BATNET a periodic file listing all requests or
          upon request by BATNET. Any opt-out request directly or indirectly
          received from a Member by BATNET will be promptly forward to Cavion
          for inclusion in the Opt-out database.

     5.4  TRAINING

     If requested, BATNET will provide normal, reasonable start-up training,
assistance to Cavion's staff relating to the proper use and operation of
Cavion's BAM. BATNET shall be compensated at its standard rate set forth in
Exhibit C for any additional hours of staff training, exceeding two (2) hours
that may be requested by Cavion.

6.   INTERNET AND MEMBER PRIVACY

     (a) BATNET and Cavion shall adhere to The Direct Marketing Association's
Inc.'s Marketing Online Privacy Principles ("Marketing Online Principles"), and
any other privacy practices as required by operation of law, and shall post such
notices regarding the Marketing Online Principles in the appropriate area(s)
within Cavion's and/or Cavion Credit Unions' BAM. BATNET agrees to adhere to the
privacy polices set forth by Member Emporium, as posted to the Member

                                       4
<PAGE>

Emporium Web Site available at http:www.memberemporium.com/privPolicy, and is
subject to change at Cavion's discretion on ten (10) days written notification
to BATNET.

     (b) Without the written approval of Cavion, BATNET shall not disclose,
rent, sell, trade, provide or transfer to any third party, either in whole or in
part, the individual identity or any information relating to the individual
(e.g., name, address, phone number, credit card number, account number, email
address, etc.) of the Members who register or visit a BAM, nor a list of
product(s) and/or service(s) purchased, or other such information related to
Cavion, Member Emporium or Credit Union Members. Nothing in this provision shall
be construed as prohibiting BATNET from using any of the aforementioned
information for internal analysis in order to best effectuate marketing efforts
for Cavion Credit Union Members.

                                       5
<PAGE>

                                    EXHIBIT B

                                 CAVION SERVICES

     B.1. CREDIT UNION CO-BRANDING AD SERVING

     Cavion will serve all credit union co-branding logos images, and other
images as required by the sponsoring credit unions, for each individual Credit
Union by serving the images using a frameset and ad serving capability, or
similar technology as determined by CAVION. In the event that BATNET will call
an ad tag of a page served by BATNET, CAVION will provide BATNET with the
requisite ad tags need to generate the image. All advertising and the placement
of all advertising on the BAM or other Websites controlled by Cavion must be
approved by Cavion.

     B.2. BAM AD SERVING

     Cavion will provide BATNET with an Ad Serving Service Bureau capability to
serve ad banners, or other images for credit unions and Member Emporium BAM
Merchants served on BAM paces and/or on the Cavion served co-branded framesets.
In the event that BATNET will call an ad tag on a pace served by BATNET, CAVION
will provide BATNET with the requisite ad tags need to generate the image. Ad
Serving prices assume an average individual ad size of 12 KB. If BATNET's
average individual ad size based upon a full calendar month exceeds 12 KB (not
including any ads provided by Engage), the BATNET's monthly fee for such
calendar month shall be increased by a percentage equal to the percentage
increase of the average file size above 12KB. In the event that either party
develops an alternative ad serving capability, both parties shall negotiate in
good faith regarding the use of the alternative ad service.

     B.3. SEARCH ENGINE PLACEMENT SERVICE BUREAU

     Should BATNET elect to use such service, (i) Cavion will provide BATNET
with a Search Engine Placement Service Bureau capability to manage search engine
submission campaigns for BAM merchants, and other BAM sponsor that are not
competitive with Member Emporium or Cavion, and (ii) BATNET shall have the right
of first refusal to market the Search Engine Placement Service Bureau capability
to BATNET merchants and Associations. The Search Engine Placement Service Bureau
is a server-based service that is a web-site traffic generation and control
technology that enables customers to control spider based search engine web site
indexing for web sites and related product databases. In the event that BATNET
should elect not to market such services, nothing would preclude Cavion from
marketing such services

<PAGE>

directly to BAM Merchants and Associations; provided, however that Cavion agrees
not to make any representations that the Search Engine Placement Service Bureau
is being promoted or marketed by BATNET.

     B.4. CREDIT UNION SALES STAFF AND SUPPORT

     Cavion will staff a sales force to recruit new BAM participating Credit
Unions. In addition, Cavion will staff an account management team to work with
individual credit unions to setup their relationship with Cavion which includes
but is not limited to: 1) training credit union staff, 2) schedule and
coordinate advertising and promotions to credit union members, 3) develop,
install and maintain the co-branded frameset for individual credit unions, 4)
coordinate the placement of BAM URLs, hyperlinks, and Member Emporium BAM logos
and/or Ad Banners on the Credit Union control websites and internet banking
applications, and 5) marketing activities as set forth herein.

                                       2
<PAGE>

                                    EXHIBIT C

                         COMMISSIONS/FEES--REVENUE SPLIt

C.1. PAYMENTS OF COMMISSIONS/FEES

     C.1.1 BATNET will track purchases made by Cavion Credit Union BAM Members
on the BAM Merchant and/or Prior Merchant Web-sites and will collect any and all
Revenue due Cavion from BAM Merchants;

     C.1.2 BATNET will also collect any and all "Advertising Revenue" which
shall include, but not be limited to, advertising fees, fees for leads
generated, position payments, exclusivity payments, sponsorships, and other
types of fees for Permitted Advertisers. For purposes of this Agreement,
"Permitted Advertising" includes any advertiser or categories of advertisers
that Cavion has previously approved in writing. BATNET will establish a rate
card for such Advertising Revenue for Cavion to use in the event it sells any
advertising. CAVION will make available to BATNET, access to CAVION's Engage Ad
Bureau service at cost. Such costs are subject to change per the Cavion's
agreement with Engage. All Ads will be served from Cavion using its Ad Bureau
Service. For the calculation below all fees shall be net of commissions, if any,
paid by BATNET to outside advertising agencies, other such firms, or BATNET for
the placement of advertising in Cavion's BAM. Should BATNET place such
advertising in Cavion's BAM, BATNET shall be entitled to receive an agency
commission in the amount of no less than fifteen percent (15%) of gross revenue
generated by and through any and all advertising programs during the first year.
Should Cavion place such advertising in Cavion's BAM, Cavion shall be entitled
to receive an agency commission in the amount of no less than fifteen percent
(15%) of Cross revenue generated by and through any and all advertising programs
during the first year. Commissions in subsequent years will be adjusted annually
as mutually agreed. All other revenue ("net revenue") derived from the
advertising programs, shall be split by and between BATNET and Cavion as set
forth below.

<TABLE>
<CAPTION>
    -----------------------------------------------------------------------------------------------------------
    ADVERTISING REVENUE SPLIT                                   YEAR 1               YEAR 2         YEAR 3
    -----------------------------------------------------------------------------------------------------------
<S>                                                    <C>                        <C>           <C>
    Ad Serving Cost CPM                                See table below                TBD            TBD
    -----------------------------------------------------------------------------------------------------------
    Advertising Revenue Split                          50/50                         50/50          50/50
    -----------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

<TABLE>

           AD SERVING COST CPM (PAID TO CAVION)
    -----------------------------------------------------------------------------
<S>                                                             <C>
               0 - 999,999                                      + $1.50 CPM*
    --------------------------------------------------------------- -------------
          1,000,000 - 4,999,999                                 + $1.25 CPM
    --------------------------------------------------------------- -------------
          5,000,000 - 9,999,999                                 + $1.00 CPM
    --------------------------------------------------------------- -------------
         10,000,000 - 19,999,999                                + $0.85 CPM
    --------------------------------------------------------------- -------------
         20,000,000 - 29,999,999                                + $0.55 CPM
    --------------------------------------------------------------- -------------
         30,000,000 - 39,999,999                                + $0.45 CPM
    --------------------------------------------------------------- -------------
         40,000,000 - 49,999,999                                + $0.30 CPM
    --------------------------------------------------------------- -------------
         50,000,000 - and higher                                + $0.25 CPM
    --------------------------------------------------------------- -------------
</TABLE>

     C.1.3 BATNET shall be responsible for collecting any and all click fees,
commissions, fees for leads Generated, other affiliate fees paid by BAM
Merchants ("Commission Revenue") to be allocated amongst each party. For
"Discount Merchant" (which is defined as those merchants that permit the BAM to
pay a portion of the commission revenue back to the Member as a discount) sales
BATNET will use reasonable efforts to allocate 60% of the Commission Revenue as
a discount paid to the Credit Union Member. The remaining Commission Revenue
will be split as shown below in the following table for Discount Merchants. For
"Affiliate Merchant" (which is any merchant other than a Discount Merchant)
sales, BATNET will use reasonable efforts to allocate up to 60% of the
Commission Revenue as a marketing and administrative expense reimbursement paid
to Credit Union Participants and/or to fund a Frequent Buyer Program. The
remaining Commission Revenue earned will be split as shown below in the
following table for Affiliate Merchants. The parties hereto understand and agree
that the foregoing discount allocation may not be possible for some merchants
and, therefore, it is in Cavion's sole discretion whether or not to include such
merchants who cannot provide such discount in the Cavion BAM.

<TABLE>
<CAPTION>
     ---------------------------------------------------------------------------------------------------------
                                    AVERAGE COMMISSION
          COMMISSION REVENUE         PAID BY MERCHANTS             1                    2               3
     ---------------------------------------------------------------------------------------------------------
<S>                                <C>                    <C>                  <C>                  <C>
     Discount                            5% Comm.             80% Batnet           60% Batnet         50/50
     Merchants                          10% Member            20% Cavion           40% Cavion
     ---------------------------------------------------------------------------------------------------------

                                       2
<PAGE>

     ---------------------------------------------------------------------------------------------------------
     Affiliate Merchant With No        10-15%                    50/50                50/50           50/50
     Payments to CU's or               Comm.
     Frequent Buyer Program
     ---------------------------------------------------------------------------------------------------------
     Affiliate Merchant With             5% Comm.             80% Batnet           60% Batnet         50/50
     Payments to CU or Frequent         10% CU                20% Cavion           40% Cavion
     Buyer Program
     ---------------------------------------------------------------------------------------------------------
</TABLE>

     C.1.4 BATNET will also collect any and all "Search Engine Promotion
Revenue" for Merchants or Associations sold by BATNET which shall include, but
not be limited to, click fees, fees for leads generated, exclusivity payments,
and other types of fees for Permitted Advertisers. CAVION will establish a rate
card for such Advertising Revenue for BATNET to use in the event it sells any
Search Engine Placements. CAVION will make available to BATNET, access to
CAVION's Search Engine Place Bureau service at cost. All Search Engine
Placements will be served from Cavion using its Search Engine Promotion Service
Bureau. For the calculation below all fees shall be net of commissions, if any,
paid by BATNET to outside advertising agencies or other such firms for the
placement of advertising in Cavion's BAM;

<TABLE>
<CAPTION>
    -----------------------------------------------------------------------------------------------------------
    SEARCH ENGINE PLACEMENT
    REVENUE SPLIT                                               YEAR 1               YEAR 2         YEAR 3
    -----------------------------------------------------------------------------------------------------------
<S>                                                    <C>                        <C>           <C>
    Search Engine Placement Cost                       TBD                            TBD            TBD
    (Paid to Cavion)
    -----------------------------------------------------------------------------------------------------------
    Revenue Split                                      50/50                         50/50          50/50
    -----------------------------------------------------------------------------------------------------------
</TABLE>

     C.2. PAYMENT TERMS AND TIMING. BATNET shall make payment of all fees and
commissions under Section C.1 to Cavion within 15 days after receipt from
Merchant. Any amount not paid when due will be subject to finance charges at the
rate of one and one-half percent (1.5%) per month or the maximum rate permitted
by applicable usury law, whichever is less, determined and compounded on a daily
basis from the date due until the date paid.

                                       3
<PAGE>

C.3 SUPPORT FEES

     C.3.1 BATNET's standard rate for computer programming is $125 per hour,
which may be adjusted one year after the Effective Date of this Agreement to a
mutually agreed upon rate.

     C.3.2 CAVION's standard rate for computer programming is $125 per hour,
which may be adjusted one year after the Effective Date of this Agreement to a
mutually agreed upon rate.

     C.3.3 Payment of support fees shall be made within 30 days after receipt of
invoice. Any amount not paid when due will be subject to finance charges at the
rate of one and one-half percent (1.5%) per month or the maximum rate permitted
by applicable usury law, whichever is less, determined and compounded on a daily
basis from the date due until the date paid.

                                       4
<PAGE>

                                    EXHIBIT D

                                    MARKETING

D.1. GENERAL

     BATNET and Cavion agree to jointly develop, establish and administer the
marketing of Cavion BAM. BATNET may conduct marketing activities with respect to
a particular Credit Union only if BATNET has received prior written
authorization from either Cavion or the particular Credit Union.

D.2. ADVERTISING/PROMOTIONS/RESTRICTIONS

     D.2.1 MERCHANT ADVERTISING

     BATNET will use its reasonable best efforts to sell Permitted Advertising
onto the Web paces of Cavion's BAM and other Cavion controlled Web sites. No
advertiser shall be placed on such pages without the prior approval of Cavion,
which approval shall not be unreasonably withheld or delayed.

     D.2.2 MEMBER ADVERTISING/PROMOTIONS

           D.2.2.a. Cavion shall use reasonable commercial efforts to facilitate
and coordinate with participating Credit Unions the promotion of the BAM to
Credit Union Members and Employees using one or more methods, including but not
limited to statement messages, newsletters, statement inserts, email programs,
and in-lobby displays at participating Credit Unions.

           D.2.2.b. BATNET shall use reasonable commercial efforts to provide
marketing materials and promotions to Cavion in order for Cavion to promote the
BAM to Credit Union Members. Such activities include and are not limited to
email, sweepstakes, statement suffers, and direct mail promotions. In addition,
BATNET will provide creative material for ad banners, icons, logos, Newsletter
articles, statement messages, in-lobby displays or other promotional material.
Any costs for materials will be paid for by BATNET, unless otherwise agreed to
in writing. Cavion must approve in writing all such marketing and promotional
actions by BATNET, which approval shall not be unreasonably withheld.

           D.2.2.c. Cavion will use its reasonable commercial efforts promote
BAM through Credit Union's using one or more methods, including but not limited
to ad banners, URL links, and/or icons placed on participating Credit Union Web
Sites,

<PAGE>

Internet banking applications, and other Credit Union Control controlled
advertising space, which Cavion has obtained rights.

           D.2.2.d. Cavion may use thirty percent (30%) of the BAM advertising
space for which Cavion may place Credit Union and Credit Union Prior Merchants
only advertising in its BAM for the promotion of Credit Union products and
services. Any unused inventory will be allocated to Cavion.

           D.2.2.e. Cavion may use an additional twenty percent (20%) of the BAM
advertising space for which Cavion may place Cavion Merchant and/or Member
Emporium Ads-in its BAM for the promotion of products and services. Any unused
inventory will be allocated to BATNET, unless otherwise agreed.

           D.2.2.f. BATNET may use the remaining fifty percent (50%) of the BAM
advertising space for which BATNET may place BAM Merchant. Ads (but only if it
is Permitted Advertising) in its BAM for the promotion of products and services.
Any unused inventory will be allocated to Cavion, unless other wise agreed.

           D.2.2.g. BATNET may use twenty percent (20%) of the "Member Emporium
Personal Start Page" advertising space for which BATNET may place BAM Merchant
Ads only Permitted Advertising for the promotion BAM products and services. In
addition, BATNET may request to use up to an addition fifty percent (50%) for
the promotion BAM products and services. Such advertising is limited to
Permitted Advertising, and must be approved by Cavion.

           D.2.2.h. BATNET may use a Shopping Content Area ("SCA") on the Member
Emporium Personal Start Page to feature sponsored merchants, special promotions,
or other merchant-oriented promotions for Permitted Advertisers. The SCA is 125
pixels by 300 pixels, and can be served as an html page from BATNET servers with
a frame served by Cavion, an ad tag from the Ad Server or other similar method
as mutually agreed.

           D.2.2.i. Both parties acknowledge that the percentages referenced in
sections D.2.2.d through h, are rough guidelines to be achieved over any
twelve-month period. The actual inventory allocation may vary substantially on a
month-to-month basis. For example, BATNET allocations during peak buying periods
(i.e. November-December) may be substantially greater then as indicated by the
guidelines. In the event of a shortfall or overage for either party, such party
shall receive any alternative compensation.

                                       2
<PAGE>

3.   WEB SITE, SEARCH ENGINE, ADVERTISING DESIGN AND OTHER PROGRAMMING

     If either party is required to provide design or programming services for
the other party's advertising, the providing party shall be compensated by the
other party at the respective standard rate set forth in Exhibit B. Cavion will
assist BATNET with developing copy, seminars, conferences, and other such
methods for promoting Cavion's BAM. Appropriate fees and expenses, if any, to be
paid by Cavion to BATNET for such assistance will be mutually agreed upon by the
parties.

4.   PROMOTION

     Cavion and BATNET will develop a promotional program designed to increase
visits and purchasing through Cavion's and/or Cavion Credit Unions' BAM. Such
programming may include sweepstakes, frequent shopper bonuses, e-mail based
promotions, and other promotional giveaways programs.

5.   EMAIL MARKETING

     Registered Member Emporium BAM Members will receive e-mail-based promotions
only if they have previously agreed to receive such promotions by checking the
appropriate boxes within the Member Emporium or BAM Registration area.

6.   RESTRICTIONS

     BATNET shall obtain the prior written approval of Cavion prior to
conducting any mailings, advertising or other promotional activities directed at
Cavion, Member Emporium, and/or Cavion Credit Union Members. BATNET shall submit
to Cavion all mailing, advertising and other promotional material prior to any
distribution thereof.

7.   MARKETING MATERIALS

     7.1  INITIAL AND ANNUAL MARKETING PLAN

     Both parties shall agree to an initial marketing plan related to the launch
of Cavion's and/or Cavion Credit Unions' BAM. Such Marketing plan will be
reviewed and modified within 90 days subsequent to the launch of the first five
(5) credit unions. Thereafter, and prior to each calendar half-year, BATNET and
Cavion shall agree to an overall marketing plan for the Cavion and/or Cavion
Credit Union BAM for that year, which BATNET and Cavion shall implement through
the use of Marketing Materials. Marketing Materials may include, but not be
limited to, any

                                       3
<PAGE>

brochure, pamphlet, statement stuffer, advertisement, telemarketing script or
talking points, sign, in-person promotion, convention exhibit, seminar, social
event, program sponsorship, or other promotions used in connection with Cavion's
and/or Cavion Credit Unions' BAM to encourage use of the same. Until such a new
plan is agreed upon the parties may continue marketing in the manner provided by
the plan then currently in effect.

     7.2  MEMBER NAMES AND EMAIL ADDRESSES

     In addition to the foregoing marketing materials, in order to effectuate an
effective marketing campaign, Cavion will use reasonable efforts to obtain from
Cavion Credit Unions for BATNET any and all member demographics, including, but
not limited to, names, addresses and e-mall addresses, the costs of which shall
be paid by BATNET. Notwithstanding the foregoing, Cavion will not obtain any
member information from member who have opted-out of any such program.

                                       4
<PAGE>

                                    EXHIBIT E

                         EXAMPLES OF BATNET ASSOCIATIONS

<PAGE>

                                    EXHIBIT F

                         EXAMPLES OF CAVION ASSOCIATIONS

<PAGE>

                                    EXHIBIT G

                          EXAMPLES OF CAVION MERCHANTS<PAGE>

                       DEVELOPMENT AND PROMOTION AGREEMENT

     THIS DEVELOPMENT AND PROMOTION AGREEMENT (this "Agreement"), dated as of
March 9, 2000 (the "Effective Date"), is made by and among Cavion Technologies,
Inc., a Colorado corporation, ("Company") and Stockwalk.com, Inc., a Nevada
corporation ("Stockwalk") (sometimes referred to collectively as the "Parties"
and individually as a "Party").

                                    RECITALS

     A. Stockwalk is a securities broker-dealer licensed to conduct securities
business pursuant to applicable federal and state laws; and,

     B. Company is an on-line bank service provider that desires to make
available to members and customers of its correspondent credit unions and banks
("Institutions") via the Internet the broad range of Internet securities
services offered by Stockwalk within the limits of applicable statutory and
regulatory restrictions; and,

     C. Stockwalk desires to provide Institution's members and customers various
Internet securities brokerage services by allowing Company to private label and
market Stockwalk's user interface to Institutions.

     NOW, THEREFORE, in consideration of the mutual covenants hereafter set
forth and other valuable consideration, the receipt and efficacy of which hereby
acknowledged, the parties hereto agree as follows:

SECTION 1. BACKGROUND

     Stockwalk and Company have entered into this Agreement to permit Company's
Institutions and their members and customers ("Customers") to utilize the
on-line brokerage services of Stockwalk as more fully described below (the
"Stockwalk Services"). The purposes of this Agreement are:

     a.   to provide for the development of access to Stockwalk Services through
          a Co-Branded Site,

     b.   to set forth the understandings and agreements of the Parties as to
          promotion of the Stockwalk services by Company, and

     c.   to provide for payment to Company for its role in assisting in the
          development of this relationship and in promoting the availability of
          the Stockwalk Services to its client Institutions.

<PAGE>

     Stockwalk's brokerage services will be offered as a co-branded site and
will be accessed by the Customers of participating Institutions through a
co-branded web site for participating Institutions ("Co-Branded Site"), which
Co-Branded Site will be hosted by Stockwalk. Customers will access the
Co-Branded Site via hyper-text links from each participating Institution's web
sites which are hosted by Company pursuant to a Company Master Services
Agreement by and between such Institution and Company.

     In accordance with the terms of this Agreement, the Stockwalk Services will
be offered to Company's participating Institutions and made available only to
such Institutions who have agreed to be bound by the terms and conditions set
forth in the Networking/Affiliation Agreement by and between Stockwalk and
Institution. This Agreement is made in connection with the other agreements
among the Parties and Institutions as described on Schedule I (collectively, the
"Other Agreements").

SECTION 2.  DEFINITIONS

     Many terms used in this Agreement are defined in context in Section 1,
above. The following terms used in this Agreement have the respective meanings
set forth below.

     2.1 "AFFILIATE" means, with respect to any Party, any individual or entity
that directly or indirectly controls, is controlled by or is under common
control with that Party. As used in this definition, "control" means either (a)
the ownership of greater than 50% of an entity's voting securities or (b) the
ability, through contract or otherwise, to determine an entity's operating
activities.

     2.2 "CO-BRANDED SITE" means, the customized version of the Stockwalk Site,
privately labeled and displayed concurrently with Company's customized Exterior
Page Frame applicable to participating Institutions, that will be hosted and
operated by Stockwalk, as described herein. The Parties acknowledge and agree
that the Stockwalk site offered to participating Institutions will be
Stockwalk's generic "Grey Label" site, and that each participating Institution
requiring a customized site shall be required to enter into a "Level II"
Networking Affiliation Agreement containing Stockwalk's normal and customary
terms and conditions.

     2.3 "COMMENCEMENT DATE" means the Launch Date of the Co-Branded Site which
shall be no later than 30 days after the date Company first makes available to
Stockwalk all Exterior Page Frames, links, advertisements and other promotional
placements described in SCHEDULE 2.3 to this Agreement. Notwithstanding the
foregoing, this Agreement will commence upon the Effective Date.

     2.4 "COMPANY MARKS" means the trade names, trademarks, service names and
similar proprietary marks listed on Schedule 2.4 ATTACHED HERETO.

                                       2
<PAGE>

     2.5 "CUSTOMER" has the meaning set forth in Section 1.

     2.6 "EXTERIOR PAGE FRAMES" means Company's standard exterior framing and a
navigational bar, as revised by Company from time to time. Each Exterior Page
Frame will be hosted by Company and shall reside in Company's servers for
display on the Co-Branded Site.

     2.7 "LAUNCH DATE" means the first date on which the Stockwalk Services are
made publicly available to Customers via a Co-Branded Site that is linked to the
corresponding Institution's Site.

     2.8 "SITE" means a commercial web site on the World Wide Web portion of the
Internet.

     2.9 "STOCKWALK BANNERS" means any banner, button, text or similar ads
Stockwalk provides to Company in connection with this Agreement.

     2.10 "STOCKWALK MARKS" means the trade names, trademarks, service names and
similar proprietary marks listed on SCHEDULE 2.6 ATTACHED HERETO.

     2.11 "STOCKWALK SERVICES" means electronic and online brokerage services,
securities transactions and all related products available at the Stockwalk Site
during the term of this Agreement.

     2.12 "STOCKWALK SITE" means the Site located at [http://@vww.stockwalk.com]
(or any replacement or successor address).

SECTION 3.  PARTIES' OBLIGATIONS

     3.1 COMPANY DEVELOPMENT. Company will design and develop linking
capabilities to provide access to the Co-Branded Site from the participating
Institution's Site, in accordance with the general specifications and timetable
set forth on SCHEDULE 2 as agreed upon by both Parties.

     3.2 PRE-LAUNCH DELIVERABLES. On or before thirty days following the
commencement of this agreement, Company shall make available to Stockwalk the
Exterior Page Frames and the other materials specified in SCHEDULE 2 for the
Co-Branded Site. Company shall develop the Exterior Page Frames and other
materials 30 days prior to the anticipated Launch Date of the Co-Branded Site.

     3.3 COMPANY MARKETING. Company will use reasonable efforts to promote and
market the availability of the Stockwalk Services to the Institutions as
specified on SCHEDULE 2.3 as mutually agreed. All promotional activity shall be
subject to the prior approval of both Parties, in advance and before first use,
which approval shall not be unreasonably withheld or

                                       3
<PAGE>

delayed; provided that promotional materials, that are substantially identical
to those previously approved, need not be submitted for reapproval.

     3.4 STOCKWALK SERVICES OPERATION. Stockwalk shall provide Stockwalk
Services through the Co-Branded Site which it will host and operate in
accordance with the "Performance Standards" set forth in Exhibit A.

     3.5 STOCKWALK DEVELOPMENT.

          3.5.1 DEVELOPMENT. Stockwalk shall develop a Co-Branded Site to be
     displayed within a customized Exterior Page Frame in accordance with
     Exhibit B and take all other steps required to co-brand the Stockwalk
     Services. Each Institution that elects to purchase the Stockwalk Services
     through Company shall execute a "Grey Label" version of Stockwalk's
     Networking/Affiliation Agreement in substantially the form attached hereto
     as Exhibit C. Other than disclosures required by law and as may be agreed
     to by the Parties, no Stockwalk branding will be permitted on the
     Co-Branded Site.

          3.5.2 CONTROL AND REBRANDING. Stockwalk shall have sole control over
     the content and design of the html pages provided by Stockwalk as part of
     the Co-Branded Site. Subject to restrictions, regulations, or requirements
     imposed by any regulatory agency on Stockwalk, Stockwalk shall use its best
     efforts to construct and utilize the Exterior Page Frame requested by
     Company and implement such changes to the Co-Branded Site as may be
     reasonably requested by Company. Further, Stockwalk shall use its best
     efforts to notify Company if Stockwalk proposes to change or add any
     functionality of the Stockwalk Services as implemented on the Co-Branded
     Site; provided, however, that nothing herein shall obligate Stockwalk to
     provide such notice prior to effectuating, such change.

          3.5.3 SERVICE OPERATION. Stockwalk shall host and operate the
     Co-Branded Site and shall maintain and implement facilities and equipment
     and programming, including data communication facilities and Internet
     connections, collectively making up the host data center and the Co-Branded
     Site accessible to the Customers. Stockwalk shall use reasonable commercial
     efforts to ensure that the Co-Branded Site is operational on a "continuous"
     basis in accordance with the Performance Standards provided in Exhibit A.

          3.5.4 CO-BRANDED SITE CONTENT. During the term hereof and provided
     there is no breach by Company hereunder, Stockwalk shall provide the
     Stockwalk Services to Customers via the Co-Branded Site. Unless otherwise
     directed by Company, the Co-Branded Site shall include substantially all of
     the functionality and content available on the Stockwalk Site, and the
     Stockwalk Services shall be updated to keep the Co-Branded Site in parity
     with the Stockwalk Site in all material respects.

                                       4
<PAGE>

          3.5.5 NAVIGATION. Stockwalk shall not, in conjunction with the
     Stockwalk Service, use any interstitials, pop-up windows, other
     intermediate steps or any other technology or content which acts as a
     barrier to the transition of a Customer from a participating Institution's
     Site to the Co-Branded Site, or vice versa, nor shall Stockwalk otherwise
     frame the Co-Branded Site with any frames other than Company's Exterior
     Page Frames or use any other technology which materially interferes with or
     affects the page layout of such pages. The Co-Branded Site shall link back
     to corresponding Institution's Site.

     3.6 DEVELOPMENTAL COSTS. Unless otherwise specified, each Party shall be
responsible for all development, hosting and other costs associated with the
Site residing on their servers.

     3.7 CUSTOMER Relations. Stockwalk shall be responsible for providing all
customer support regarding the Stockwalk Services or the Co-Branded Site, and
Company or Institution shall redirect to Stockwalk any and all associated
customer support inquiries. Stockwalk shall have sole control over the Customer
agreement that governs the Stockwalk Service, and Stockwalk shall have the sole
responsibility for dealing with breaches of such Customer agreement. All
Customers shall be treated at least as favorable in all material respects
(including without limitation with respect to pricing, quality of service, and
customer support responsiveness) as Stockwalk treats users of the Stockwalk
Site.

     3.8 CO-BRANDED STATEMENT. To the extent permissible by applicable
regulations, Stockwalk shall co-brand its monthly statements and other written
materials sent to Customers with the names of Company and the applicable
participating Institution provided that the inclusion of such items shall not
imply that Company or the Institution is providing any of the Stockwalk
Services.

     3.9 CONFORMITY TO SPECIFICATIONS, CHANGES. The Parties acknowledge that
these creative processes are interactive and nonlinear, and that neither the
final work products nor the processes of creation will necessarily conform in
all particulars to the specifications on Schedule 2. Notwithstanding the
foregoing, the Parties agree that the final work products must perform the
functions contemplated by this Agreement in a manner, which complies with all
applicable rules and regulations and allows for reasonable commercial
exploration of the relationship among the Parties. Each Party shall pay for its
own expense of the joint development work, subject to Section 5.1.

SECTION 4.  IMPLEMENTATION

     4.1 Links. Company will assist Institutions to implement Stockwalk's normal
and customary promotional program through which Institution and Stockwalk will
encourage Customers to use the Stockwalk Services offered on the Co-Branded
Site, as accessed through a link from the participating Institution's Site. It
is the intent of the Parties that Company and

                                       5
<PAGE>

Stockwalk will cooperate in the development of such promotional program, with
the goal of launching the program concurrently with the Commencement Date.

     4.2 STOCKWALK BANNER LINKS. Stockwalk shall deliver to Company any
promotional materials (including Stockwalk Banners), which may be used as part
of the promotional program as provided in Section 4.1 above. Such banners shall
comply with Company's then current technical standards. The terms of any
insertion order or similar document regarding the Stockwalk Banners are
expressly rejected, except to the extent that they specify the location, timing
or duration of the display of the Stockwalk Banners and such terms are accepted
by Company. Unless mutually agreed otherwise, Stockwalk Banners shall link to
the applicable Co-Branded Site of the Institution on whose Site the Stockwalk
Banners are placed. Company may request that Stockwalk Banners be co-branded
with Company Marks, in which case the Parties shall work together to develop a
mutually acceptable implementation. Company may approve or reject any Stockwalk
Banner or its location on the Company Web pages or the Institution's Web pages
in its sole discretion; provided however that all banners shall comply with any
applicable laws, rules or regulations.

     4.3 TESTING. Company will test the links with respect to the Co-Branded
Site, including through the Stockwalk Banner connection, required under the
Agreement at least one week prior to the Launch Date for the Co-Branded Site and
provide Stockwalk with the results of said testing as such testing occurs.

     4.4 CONSENT TO LINKS. Company will not cause any link to the Co-Branded
Site to be added without the prior written consent of Stockwalk, which may not
be unreasonably withheld, or go live prior to the applicable date agreed to by
the Parties.

     4.5 TIME OF ESSENCE. The Parties acknowledge that time is of the essence in
the design, development and commencement of the Co-Branded Site and the links
thereto. Accordingly, the Parties will devote commercially reasonable efforts to
launch the Co-Branded Site and the links thereto as soon as reasonably possible,
in accordance with a written development plan to be negotiated by the Parties in
good faith.

SECTION 5.  COMPENSATION; ADVERTISING

     5.1 MARKETING EXPENDITURES. During the one year period following the Launch
Date, Company agrees to expend up to $10,000 on marketing and promotion of the
Stockwalk Services; provided however, that the $10,000 required marketing amount
shall be reduced by $1 for each Customer that has registered to use the
Stockwalk Services as of one year following the Launch Date.

     5.2 TRANSACTION FEES. During the term of this Agreement, including any
renewal term, Stockwalk will pay Institution a fee based on usage of the
Stockwalk Services by Customers ("Transaction Fee"). Such Transaction Fee shall
be equal to Four Dollars ($4) for

                                       6
<PAGE>

each completed securities transaction through the Co-Branded Site. No
Transaction Fee shall be due with respect to a transaction if the transaction by
the Customer generates no revenue to Stockwalk. Stockwalk will pay the
Transaction Fee on a monthly basis, in arrears, within fifteen (15) days
following the end of each calendar month occurring subsequent to the
Commencement Date. Each monthly payment shall equal the number of completed
transactions in the immediately preceding calendar month multiplied by the
appropriate dollar amount. Stockwalk will deliver, together with each payment, a
report in an electronic form that is easily decoded in an automated manner for
import into a statistics database and that describes in reasonable detail
Stockwalk's calculation of the payment amount. All other fees as between
Institution and Company shall be the subject of the agreement between
Institution and Company; provided, however, that Stockwalk shall assist in any
payment arrangements reasonably requested by Institution for the convenience of
the Parties.

     5.3 ADVERTISING. Company shall have sole control over all advertising and
promotion inventory on the Co-Branded Site. Stockwalk shall not introduce any
advertising spots or third party branding in conjunction with the Co-Branded
Site, e-mail, or the Stockwalk Services without Company's prior written
approval.

     5.4 COMPLIANCE WITH LAWS. The consideration payable to Company and to
Institution pursuant to this Agreement and the Networking/Affiliation Agreements
shall be in compliance with all laws, rules, regulations, and other applicable
standards of conduct in regard to Institution activities and broker-dealer
activities (including, without limitation, the rules and regulations, and
interpretive guidance issued by the Securities and Exchange Commission, the
National Association of Securities Dealers, Inc., the Office of Thrift
Super-vision, the Federal Reserve Board, and the Office of Comptroller of
Currency).

SECTION 6.  TRAFFIC DATA AND REPORTING

     On the tenth (10th) day of each month during the term hereof, Company will
provide Stockwalk with data (the form and content mutually agreed to by both
Parties) concerning search and browsing behavior only to the extent that such
behavior reasonably could directly relate to the online promotion or usage of
the Stockwalk Services. Stockwalk will hold such data in confidence and will
treat such information as Confidential Information under Section 1.1.

SECTION 7.  REPRESENTATIONS AND WARRANTIES; RESTRICTIONS

     7.1 GENERAL. Company and Stockwalk each represents and warrants that (a) it
is an entity duly organized, validly existing, and in good standing under the
laws of the state of its organization, and (b) that the execution and delivery
of this Agreement and the Other Agreements (to the extent they are a party to
such agreements), and the performance of the transactions contemplated hereby
and the Other Agreements (to the extent they are a party to such agreements),
are within its powers, have been duly authorized by all necessary corporate

                                       7
<PAGE>

and/or shareholder action, do not require any consent or other action by and in
respect of or filing with any third party or governmental body or agency and do
not contravene, violate or conflict with or constitute default under any
provision of applicable law, regulation, or published interpretive guidance or
ruling. Company and Stockwalk further represent and warrant that they shall
conduct the business contemplated by this Agreement and the Other Agreements (to
the extent they are a party to such agreements) only in compliance with all
applicable law, rules, regulations, industry standards and published
interpretive guidance and rulings.

     7.2 SPECIAL ACKNOWLEDGEMENTS. The Parties acknowledge the following:

     a.   Stockwalk shall be responsible for advertising and sales materials
          (such as brochures, pamphlets, statement stuffers, and advertisements,
          marketing materials for sales forces) relative to the Stockwalk
          Services that are published by Company or Institution pursuant to this
          Agreement, except for any advertising included in the Exterior Page
          Frames. Company shall pay any publishing costs associated with the
          advertising and sales materials. Stockwalk represents and warrants
          that the advertising and sales materials have been approved by
          Stockwalk.

     b.   Company and Institution, and their Affiliates and employees, will not
          describe the Stockwalk Services other than to distribute promotional
          materials approved by Stockwalk.

     c.   All advertising or sales materials will clearly indicate that the user
          of any of Stockwalk Services will be a brokerage customer of Stockwalk
          and not of any of the Institution or Company with respect to
          securities transactions.

     d.   Company and Institution, and their Affiliates and employees, will not
          recommend or endorse specific securities.

     e.   Company and Institution, and their Affiliates and employees, will not
          take part in the Stockwalk Services (other than for their own accounts
          or other than by routing information and keeping records for
          Customers).

     f.   All questions regarding a Customer brokerage account will be directed
          to Stockwalk's customer support personnel and Company and Institution,
          and their Affiliates and employees, will not answer questions or
          engage in negotiations involving brokerage accounts or related
          securities transactions.

     g.   All decisions regarding the selection of broker-dealer or market will
          be made by Customers or by Stockwalk. Neither Company nor Institution
          will accept

                                       8
<PAGE>

          orders, select among broker-dealers or route orders for Customers to
          markets for executions.

     h.   Company and Institution will not handle Customer funds or securities
          related to securities orders transmitted to Stockwalk or effect
          clearance or settlement of Customer trades.

     i.   Neither Company nor Institution will extend credit to Customer for the
          purpose of purchasing securities through or carrying securities with
          Stockwalk.

     j.   The fees paid by Stockwalk to Institution will not vary depending upon
          the number of shares or the value of the underlying securities.

     k.   Stockwalk represents and warrants that the Stockwalk Services will
          perform substantially as Stockwalk has marketed and promoted to
          Cavion.

SECTION 8.  INDEMNIFICATION

     8.1 STOCKWALK INDEMNIFICATION. Stockwalk will defend and indemnify Company,
Institutions, and their Affiliates (and their respective employees, directors
and representatives) against any claim or action brought by a third party
(including Customers), to the extent relating to (a) the operation of the
Stockwalk Services and the Co-Branded Site, (b) the violation of third-party
intellectual property rights by materials provided by Stockwalk to Company for
promotion and advertising pursuant to this Agreement and for display on the
Co-Branded Site and the Stockwalk Banners, or (c) breach by Stockwalk of any of
the terms of this Agreement or the Networking/Affiliation Agreement. Subject to
Company's compliance with the procedures described in Section 8.3, Stockwalk
will pay any award against Company or its Affiliates (or their respective
employees, directors or representatives) and any costs and attorneys' fees
reasonably incurred by Company and its Affiliates resulting from any such claim
or action.

     8.2 COMPANYINDEMNIFICATION. Company will defend and indemnify Stockwalk and
its Affiliates (and their respective employees, directors and representatives)
against any claim or action brought by a third party, to the extent relating to
(a) the operation or design of Company Sites, (b) breach by Company of any of
the terms contained in this Agreement or its Agreements with Institutions or (c)
the violation of third-party intellectual property rights by any materials
provided by Company for display on the Co-Branded Site or promotion of the
Stockwalk Services. Subject to compliance by Stockwalk with the procedures
described in Section 8.3, Company will pay any award against Stockwalk and its
Affiliates (or their respective employees, directors or representatives) and any
costs and attorneys' fees reasonably incurred by Stockwalk and its Affiliates
resulting from any such claim or action.

                                       9
<PAGE>

     8.3 INDEMNIFICATION PROCEDURES. In connection with any claim or action
described in this Section, the Party seeking indemnification (a) will give the
indemnifying Party prompt written notice of the claim, (b) will cooperate with
the indemnifying Party (at the indemnifying Party's expense) in connection with
the defense and settlement of the claim, and (c) will permit the indemnifying
Party to control the defense and settlement of the claim, provided that the
indemnifying Party may not settle the claim without the indemnified Party's
prior written consent (which will not be unreasonably withheld). Further, the
indemnified Party (at its cost) may participate in the defense and settlement of
the claim.

SECTION 9.  INTELLECTUAL PROPERTY RIGHTS

     9.1 STOCKWALK'S GRANT OF LICENSE. Stockwalk hereby grants to Company,
during the term of this Agreement, non-exclusive, non-transferable licenses to
display it's Stockwalk Marks as reasonably necessary for Company to perform its
obligations under this Agreement; provided, however, that use of such Stockwalk
Marks or promoting Stockwalk Services shall be subject to the prior written
approval of Stockwalk, as provided in Section 3.3.

     9.2 COMPANY'S GRANT OF LICENSE. Company hereby grants to Stockwalk, during
the term of this Agreement, a non-exclusive, non-transferable license to display
the Exterior Page Frames and the Company Marks as is reasonably necessary for
Stockwalk to perform its obligations under this Agreement and the
Networking/Affiliation Agreements; provided, however, that any promotional
materials containing Company's proprietary marks will be subject to Company's
prior written approval.

     9.3 RESERVATION OF RIGHTS. Subject to the limited license granted to
Stockwalk under this Section, Company reserves all of its right, title and
interest in its intellectual property rights (e.g., patents, copyrights, trade
secrets, trademarks and other intellectual property rights). Subject to the
limited license granted to Company under this Section, Stockwalk reserves all of
its night title and interest in its intellectual property rights. No Party
grants to any other Party any right, title and interest in intellectual property
rights or any licenses except as specifically set forth in this Section.

     9.4 NO DISPARAGEMENT. No Party will display another Party's proprietary
marks in a manner that disparages the other Party or its products or services,
or portrays the other Party or its products or services in a false,
competitively adverse or poor light. A Party will comply immediately with
another Party's requests as to the display of the other Party's proprietary
marks and will avoid any action that diminishes the value of such marks. Any
Party's unauthorized display of another Party's proprietary marks is strictly
prohibited.

     9.5 STANDARDS. Stockwalk shall not knowingly provide Stockwalk Services or
operate the Co-Branded Site in a manner, and Company shall not knowingly provide
to Stockwalk any Exterior Page Frames, that: (a) infringe any third party's
intellectual property right or right of publicity or privacy; (b) violate any
law or regulation; (c) are defamatory,

                                       10
<PAGE>

obscene, harmful to minors or pornographic in nature; or (d) are materially
false, inaccurate or misleading.

     9.6 INJUNCTIVE RELIEF. Each Party agrees that any unauthorized use or
display of the other Party's Marks or the Institution's Marks may cause
immediate and irreparable harm for which money damages may not constitute an
adequate remedy. In that event, each Party agrees that injunctive relief may be
warranted in addition to any other remedies the affected Party may have.

SECTION 10. TERM AND TERMINATION

     10.1 TERM. The term of this Agreement will begin on the date of this
Agreement and, unless terminated or renewed in accordance with Section 10.2 or
10.1 respectively, will end three (3) years from the Commencement Date.
Subsequently, this Agreement will automatically renew for additional one (1)
year terms upon each expiration, unless, (i) earlier terminated pursuant to
Section 10.2 or (ii) at least ninety (90) days prior to the beginning of any
renewal term, one Party gives the other Party written notice of its intent not
to renew the Agreement.

     10.2 TERMINATION. Either Party may terminate this Agreement: (a) if the
other Party materially breaches this Agreement (other than as provided in
Section 14.6) and does not cure the breach within thirty (30) days following its
receipt of written notice from the non-breaching Party or fifteen (15) days in
the case of a breach of one of the Performance Standards in Exhibit A; (b) if a
Party ceases to carry on the portion of its business that relates to this
Agreement, (c) immediately as provided in Section 14.6, (d) immediately if the
other party voluntarily or involuntarily files for bankruptcy, (e) immediately
if Stockwalk materially changes the Stockwalk Services, (f) upon 120 days'
written notice, (g) immediately if the Launch Date does not occur on or before
six months following, the date of Agreement. The Parties agree that all Parties
shall be addressed on all correspondence and other notices relating to breach of
this Agreement. A non-breaching Party may, but is not required to, cure a
breach, in its sole discretion (if it is capable of effecting a cure), within
the requisite time period after receipt of notice, and in such event, notice of
termination shall be ineffective. Recovery by the curing Party from the
breaching Party shall be governed by the Dispute Resolution procedures set forth
in this Agreement.

     10.3 EFFECTS OF TERMINATION. Upon expiration or termination, all licenses
granted hereunder shall terminate unless such licenses are expressly stated as
surviving. Stockwalk shall promptly remove all Company Marks and Exterior Page
Frames from its servers, and Company shall promptly remove all Stockwalk Marks,
Stockwalk Banners from its servers. Any obligation to pay any owed but unpaid
amounts, shall survive any expiration or termination.

                                       11
<PAGE>

     10.4 SURVIVAL. The obligations of Sections 8 (indemnification), 9.4 (Mark
disparagement), 9.6 and 11.5 (injunctions), I 1 (Confidential Information), 10.3
(effects of termination), 12 (dispute resolution), 13.2 (limitations of
liability), and this Section 10.4 shall survive the termination of this
Agreement.

SECTION 11. CONFIDENTIAL INFORMATION

     11.1 The parties acknowledge and agree that the terms of this Agreement and
all information provided to or in connection with either Party's performance
under this Agreement shall be considered confidential and proprietary
information ("Confidential Information") and shall not be disclosed to any third
party without the prior written consent of the Party providing the Confidential
Information (the "Disclosing Party"). Confidential Information shall include,
without limitation: (1) names, addresses, and demographic, behavioral, credit
information, and any other information relating to Customers or potential
Customers; (ii) Stockwalk's communication materials and issuance strategies or
methods; (iii) each Party's trade secrets, including but not limited to,
financial business objectives, assets and properties, processes, formulas,
specifications, programs, instructions, source code, technical knowhow, methods
and procedures for operation, benchmark test results, information about
employees, customers, strategies, services, business or technical plans and
proposals in any form; and (iv) programming techniques and technical,
development, cost and processing information.

     11.2 The Party receiving such Confidential Information (the "Receiving
Party") shall use Confidential Information only for the purpose of performing
the terms of this Agreement and shall not accumulate in any way or make use of
Confidential Information for any other purpose. The Receiving Party shall ensure
that only its employees, authorized agents, or subcontractors who need to know
Confidential Information to perform this Agreement will receive Confidential
Information and that such persons agree to be bound by the provisions of this
Paragraph and maintain the existence of this Agreement and the nature of their
obligations hereunder strictly confidential.

     11.3 The obligations with respect to Confidential Information shall not
apply to information that: (1) either Party or its personnel already know at the
time it is disclosed as shown by their written records; (ii) is publicly known
without breach of this Agreement; (iii) either Party received from a third party
authorized to disclose it without restriction; or (iv) either Party, its agents
or subcontractors, developed independently without use of Confidential
Information.

     11.4 It is not a breach of this Agreement to disclose Confidential
Information if such disclosure is required by law, regulation or valid court or
Governmental agency order or request to disclose, in which case the Party
receiving such an order or request, to the extent practicable, must give notice
to the other Party, allowing, them to seek a protective order.

                                       12
<PAGE>

     11.5 Each Party agrees that any unauthorized use or disclosure of
Confidential Information may cause immediate and irreparable harm to the
Disclosing Party for which money damages may not constitute an adequate remedy.
In that event, each Party agrees that injunctive. relief may be warranted in
addition to any other remedies the Disclosing, Party may have. In addition, the
Receiving Party agrees promptly to advise the Disclosing Party in writing of any
unauthorized misappropriation, disclosure or use by any person of the
Confidential Information which may come to its attention and to take all steps
at its own expense reasonably requested by the Disclosing Party to limit, stop
or otherwise remedy such misappropriation, disclosure or use.

     11.6 Upon either Party's demand, or upon the termination of this Agreement,
the Parties shall comply with each other's reasonable instructions regarding the
dispositions of Confidential Information, which may include return of any and
all Confidential Information (including any copies or reproductions thereof.
Such compliance shall be certified in writing, including a statement that no
copies of confidential information have been kept.

     11.7 Except as necessary for its performance under this Agreement, a Party
may not use the name of any other Party or its Affiliates in connection with any
representation, publication or advertisement, or make any public statement
relating to any other Party or its Affiliates without the prior full disclosure
of same to the named Party, and the prior written consent of the named Party.

     11.8 Following the execution of this Agreement, the Parties will prepare
and distribute a joint press release (or coordinated press releases) announcing
the transaction. The contents and timing of the release (or releases) shall be
as mutually agreed by the Parties. Neither Party will issue any further press
releases or make any other disclosures regarding this Agreement or its terms
without the other Party's prior written consent, which consent shall not be
unreasonably withheld or delayed.

SECTION 12. DISPUTE RESOLUTION

     12.1 In all discussions and activities relating to this Agreement, the
Parties will cooperate in good faith to accomplish the objectives specified in
this Agreement. If any dispute arises relating to either Party's rights or
obligations under this Agreement, and the Parties are unable to resolve the
dispute in the ordinary course of business, the Parties will use good-faith
efforts to resolve the matter by informal means, as set forth in Section 12.2
prior to commencing a formal dispute resolution proceeding or legal action in
accordance with this Section.

     12.2 Any controversy or claim between or among the Parties, arising from or
in connection with this Agreement whether based on contract, tort, common law,
equity, statute, regulation, order or otherwise ("Dispute") shall be resolved as
follows:

                                       13
<PAGE>

     a.   Upon written request of any Party, a duly appointed representative(s)
          of each Party will meet for the purpose of attempting to resolve such
          Dispute. Should they be unable to resolve the Dispute, a senior
          executive of each Party (the "Executives") will meet in an effort to
          resolve the Dispute. Said meeting shall be in person or by telephone.

     b.   The Executives shall meet as often as the Parties agree to discuss the
          problem in an effort to resolve the Dispute without the necessity of
          any formal proceeding.

     c.   Formal proceedings for the resolution of a Dispute may not be
          commenced until the earlier of.

          (i)  the Parties concluding in good faith that amicable resolution
through the

          (ii) procedures set forth in subsections (a) (b) hereof does not
appear likely; or

          (iii) the expiration of the fifteen (15) business day period
immediately following the initial request to negotiate the Dispute;

provided, however, that this Section 12.2 will not be construed to prevent a
Party from instituting formal proceedings earlier to avoid the expiration of any
applicable limitations period, to preserve a superior position with respect to
other creditors, or to seek temporary or preliminary injunctive relief.

     12.3 ARBITRATION.

     a.   If the Parties are unable to resolve any Dispute as contemplated by
          Section 12.2; such Dispute shall be submitted to mandatory and binding
          arbitration at the election of any Party (the "Disputing Party").
          Except as otherwise provided in this Section, the arbitration shall be
          pursuant to the Commercial Arbitration Rules of the American
          Arbitration Association ("AAA").

     b.   To initiate arbitration, the Disputing Party shall notify the other
          Party in writing (the "Arbitration Demand"), which shall (i) describe
          in reasonable detail the nature of the Dispute, (ii) state the amount
          of the claim, and (iii) specify the requested relief. Within fifteen
          (15) days after receipt of the Arbitration Demand by each other Party,
          each other Party shall file, and serve on the Disputing Party, a
          written statement (A) answering the claims set forth in the
          Arbitration Demand and including any affirmative defenses of such
          Party; (B) asserting any counterclaim, which shall (1) describe in
          reasonable detail the nature of the counterclaim, (2) state the amount
          of the counterclaim, and (3) specify the requested relief.

                                       14
<PAGE>

     c.   If the net amount of the controversy set forth in each claim and each
          counterclaim is less than $100,000, then the matter shall be resolved
          by a single arbitrator selected pursuant to the rules of the AAA.

     d.   If the amount of the controversy set forth in either the claim or
          counterclaim is equal to or exceeds $100,000, then the matter shall be
          resolved by a panel of three arbitrators (the "Panel") selected
          pursuant to the rules of the AAA. Decisions of a majority of the
          members of the Panel shall be determinative.

     e.   The arbitration hearing shall be held in Minneapolis, Minnesota if
          initiated by Company and in Denver, Colorado if initiated by
          Stockwalk. The Panel is specifically authorized in proceedings
          pursuant to subsection (d) to render partial or full summary judgment
          as provided for in the Federal Rules of Civil Procedure. The Federal
          Rules of Evidence shall apply to the arbitration hearing. The Party
          bringing a particular claim or asserting an affirmative defense will
          have the burden of proof with respect thereto. The arbitration
          proceedings and all testimony, filings, documents and information
          relating to or presented during the arbitration shall be deemed to be
          information subject to the confidentiality provisions of this
          Agreement. The Panel will have no power or authority, under the
          Commercial Arbitration Rules of the AAA or otherwise, (i) to relieve
          the Parties from their agreement to arbitrate or (ii) to otherwise
          amend or disregard any provision of this Agreement, including, without
          limitation, the provisions of this Section.

     f.   Should an arbitrator refuse or be unable to proceed with arbitration
          proceedings as called for by this Section, the arbitrator shall be
          replaced pursuant to the rules of the AAA If an arbitrator is so
          replaced after the arbitration hearing has commenced, then a rehearing
          shall take place in accordance with this Section and the Commercial
          Arbitration Rules of the AAA.

     g.   At the time of granting or denying a motion of summary judgment as
          provided for in (e) and within fifteen (15)days after the closing of
          the arbitration hearing, the arbitrator or Panel will prepare and
          distribute to the Parties a writing setting forth the arbitrator's or
          Panel's finding of facts and conclusions of law relating, to the
          Dispute, including the reasons for the giving or denial of any award.
          The findings and conclusions and the award, if any, shall be deemed to
          be information subject to the confidentiality provisions of this
          Agreement.

     h.   The arbitrator or Panel is instructed to schedule promptly all
          discovery and other procedural steps and otherwise assume case
          management initiative and control to effect an expeditious resolution
          of the Dispute. The arbitrator or Panel is authorized to issue
          monetary sanctions against any Party if, upon a showing of good cause,
          such Party is unreasonably delaying the proceeding.

                                       15
<PAGE>

     i.   Any award rendered by the arbitrator or Panel will be final,
          conclusive and binding upon the Parties and any Judgment thereon may
          be entered and enforced in any court of competent jurisdiction.

     j.   Each Party will bear a pro rata share of all fees, costs and expenses
          of the arbitrators, and notwithstanding any law to the contrary, each
          Party will bear all the fees, costs and expenses of its own attorneys,
          experts and witnesses except as provided in Section 14.5; provided,
          however, that in connection with any judicial proceeding to compel
          arbitration pursuant to this Agreement or to confirm, vacate or
          enforce any award rendered by the arbitrator or Panel, the prevailing
          Party in such a proceeding shall be entitled to recover reasonable
          attorneys' fees and expenses incurred in connection with such
          proceedings, in addition to any other relief to which it may be
          entitled.

SECTION 13. DISCLAIMERS, LIMITATIONS AND RESERVATIONS,

     13.1 EXCEPT AS EXPRESSLY PROVIDED IN THIS AGREEMENT, THE PARTIES HERETO DO
NOT MAKE, AND HEREBY DISCLAIM, ANY REPRESENTATIONS OR WARRANTIES REGARDING THE
SERVICES TO BE PROVIDED PURSUANT HERETO OR ANY PORTION THEREOF, INCLUDING
(WITHOUT LIMITATION) IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A
PARTICULAR PURPOSE. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, THE
PARTIES HERETO SPECIFICALLY DISCLAIM ANY REPRESENTATION OR WARRANTY REGARDING
(A) THE AMOUNT OF REVENUE THAT THE OTHER PARTY HERETO MAY RECEIVE DURING THE
TERM, AND (B) ANY ECONOMIC OR OTHER BENEFIT THAT THE OTHER PARTY HERETO MIGHT
OBTAIN THROUGH ITS PARTICIPATION IN THIS AGREEMENT.

     13.2 NO PARTY WILL BE LIABLE TO ANY OTHER PARTY FOR CONSEQUENTIAL, SPECIAL,
OR INCIDENTAL DAMAGES (INCLUDING, WITHOUT LIMITATION, LOST PROFITS OR LOST DATA)
ARISING OUT OF THIS AGREEMENT. IN NO EVENT WILL EITHER PARTY'S TOTAL LIABILITY
TO THE OTHER PARTY ARISING OUT OF OR RELATING TO THIS AGREEMENT EXCEED $1,000.

     13.3 Stockwalk will be solely responsible for the operation of the
Stockwalk Services and subject to the specific terms of this Agreement, shall
retain sole right and control over the programming, content and conduct of
transactions occurring on the Co-Branded Site, except for the Exterior Page
Frames.

                                       16
<PAGE>

SECTION 14. MISCELLANEOUS

     14.1 RELATIONSHIP OF PARTIES. The Parties are entering this Agreement as
independent contractors, and this Agreement will not be construed to create a
partnership, joint venture, franchise or employment relationship between them.
Neither Party will represent itself to be an employee or agent of the other or
enter into any agreement on the other's behalf of or in the other's name.

     14.2 COMPLIANCE WITH LAW. In its performance of this Agreement, each Party
will comply with all applicable laws, regulations, orders and other
requirements, now or hereafter in effect, of governmental authorities having
Jurisdiction. Without limiting the generality of the foregoing, each Party will
pay, collect and remit such taxes as may be imposed upon it with respect to any
compensation, royalties or transactions under this Agreement. At its own
expense, Stockwalk shall comply with all applicable laws and governmental and
Self Regulatory Organization (SRO) regulations regarding providing and operating
the Stockwalk Services. Without limiting, the foregoing, (a) Stockwalk shall use
its best efforts to obtain all governmental and SRO approval, permits and
licenses, and make all governmental and SRO filings and registrations, necessary
for the marketing and performance of the Stockwalk Services in every United
States jurisdiction and (b) each Party shall promptly resolve any assertions
that its services are illegal or violating a protected third party interest.

     14.3 NOTICES. Notices deliverable under this Agreement shall be given in
writing, addressed to the Parties and shall be deemed to have been given either
one (1) day after being given to an express overnight carrier with a reliable
system for tracking delivery; or when sent by a confirmed facsimile with another
copy sent by any other means specified in this paragraph; or three (3) business
days after having been mailed postage prepaid by United States registered or
certified mail.

     14.4 ATTORNEYS' FEES. If any litigation or arbitration is commenced to
enforce any provision of this Agreement or to seek a declaration of rights of
the Parties hereunder or as a result of any breach of any provisions of this
Agreement, the prevailing Party will be entitled to recover from the
non-prevailing Party all of its costs and expenses incurred in connection with
such litigation or arbitration, including without limitation reasonable
attorneys' fees.

     14.5 RECORDS; AUDITS. Each Party shall keep detailed records of all
activities reasonably relating to its performance under this Agreement
("Records"). Either Party (the "Auditing Party"), upon thirty (30) days' prior
written notice to the other Party (the "Audited Party"), may conduct an audit of
the Audited Party's Records for the purpose of verifying the accuracy and
completeness of any report or other information provided by the Audited Party
under this Agreement. Any such audit will be conducted (a) in a manner that will
not unreasonably interfere with the Audited Party's operations, and (b) by an
independent certified public accounting firm that is reasonably acceptable to
the Audited Party and that has agreed in writing to protect the confidentiality
of the Audited Party's Records and other information. A

                                       17
<PAGE>

Party may conduct an audit under this Section no more than once during any
12-month period. The costs of any such audit will be borne by the Auditing
Party; provided, however, that if any audit determines that the report or other
information subject to the audit is material and inaccurate or incomplete by
greater than ten percent (1O%) (as measured by an appropriate measure reasonably
determined by the auditor), the Audited Party will promptly reimburse the
Auditing Party for all reasonable expenses incurred to conduct the audit.

     14.6 FORCE MAJEURE. No Party will be liable for, or will be considered to
be in breach of or default under this Agreement on account of, any delay or
failure to perform as required by this Agreement as a result of any causes or
conditions that are beyond such Party's reasonable control and that such Party
is unable to overcome through the exercise of commercially reasonable diligence.
If any force majeure event occurs, the affected Party will give prompt written
notice to the other Party and will use commercially reasonable efforts to
minimize the impact of the event. However, if a force majeure event
detrimentally affects a Party's performance of a material covenant set forth in
Section 3 and Exhibit A for ten (10) days or more, the other Party can terminate
this Agreement, as provided in Section 10.2 above.

     14.7 ASSIGNMENT. This Agreement may not be assigned, in whole or in part,
by either Party or by operation of law unless the other Party consents to the
assignment, which consent shall not be unreasonably withheld or delayed. Subject
to the foregoing, this Agreement will be binding on and enforceable by the
Parties and their respective successors and permitted assigns. Notwithstanding
the foregoing, either Party hereto may assign this Agreement to (a) any entity
resulting from any merger, consolidation or other reorganization involving the
assigning Party, (b) any of its Affiliates, or (c) any individual or entity to
which the assigning Party may transfer substantially all of its assets; provided
that (i) the assignee agrees in writing to be bound by all the terms and
conditions of this Agreement, and (ii) the entity assigning this Agreement gives
prompt written notice to the other party.

     14.8 NO WAIVER. The failure of either Party to enforce any provision of
this Agreement will not constitute a waiver of the Party's rights to
subsequently enforce the provision. The remedies specified in this Agreement are
in addition to any other remedies that may be available at law or in equity.

     14.9 SEVERABILITY. If any provision of this Agreement is declared null,
void or otherwise unenforceable, such provision will be deemed to have been
severed from this Agreement to the minimal extent if necessary, which Agreement
will otherwise be and remain in full force and effect to its remaining
provisions.

     14.10 INTEGRATION. This Agreement (a) represents the entire agreement
between the Parties with respect to the subject matter hereof and supersedes any
previous or contemporaneous oral or written agreements regarding such subject
matter and (b) may be amended or modified only by a written instrument signed by
a duly authorized agent of each Party.

                                       18
<PAGE>

     14.11 CHOICE OF LAW. This Agreement will be interpreted, construed and
enforced in all respects in accordance with the laws of the State of New York
without reference to its choice of law rules. If any provision of this Agreement
is held to be invalid, such invalidity will not effect the remaining provisions.

      The Parties have executed this Agreement on the date first written above.

                                       CAVION TECHNOLOGIES, INC., a Colorado
                                       corporation

                                       By David J. Selina:
                                                          ---------------------
                                       Its President and Chief Operating
                                       Officer/CEO
                                       7475 Dakin Street, Suite 607
                                                                   ------------
                                       Denver, Colorado  80221
                                       Facsimile:  (303) 657-8210

                                       STOCKWALK.COM.INC.

                                       By Robert J. Vosburgh
                                                            -------------------
                                       Its Chief Operating Officer
                                                                  -------------
                                       5500 Wayzata Blvd.
                                       Suite 620
                                       Minneapolis, MN  55416
                                       Facsimile:  (877) 482-0540

                                       19
<PAGE>

                                   SCHEDULE 1

<TABLE>
<CAPTION>
               Title                        Parties                 Date
               -----                        -------                 ----
<S>                                 <C>                            <C>
Co-Marketing Agreement              Company & each
                                    Participation
                                    Institution
Company Master Services Agreement   Company & each
                                    Participation
                                    Institution
Networking/Affiliation Agreement    Stockwalk & Institution
</TABLE>

<PAGE>

                                   SCHEDULE 2

                      GENERAL SPECIFICATIONS AND TIMETABLE

<TABLE>
<CAPTION>
         Stockwalk Project Task                         End Date
         ----------------------                         --------
<S>                                                     <C>
Assign Relationship Manager                               Day 1
Apply for domain name                                     Day 4
Initial press release                                     Day 5
IT Due Diligence                                         Day 14
Create site prototype                                    Day 15
Site testing                                             Day 45
Launch                                                   Day 60
Post-launch marketing                                    Day 61
</TABLE>

<PAGE>

                                  SCHEDULE 2.3

             LINKS, ADVERTISEMENTS AND OTHER PROMOTIONAL PLACEMENTS
                                       AND
                           COMPANY'S MARKETING EFFORTS

<PAGE>

                                  SCHEDULE 2.4

                                  COMPANY MARKS

<PAGE>

                                  SCHEDULE 2.7

                                 STOCKWALK MARKS

<PAGE>

                                    EXHIBIT A

                              PERFORMANCE STANDARDS

The parties hereto agree that as of the Launch Date the following performance
standards shall be applicable to the Co-Branded Site:

A.   SERVICE AVAILABILITY. The Stockwalk Services generally shall be publicly
     available to Customers in an amount no less than is standard in the
     industry, excluding "Maintenance." Maintenance is defined as scheduled
     Stockwalk Services outages for Stockwalk Services maintenance or upgrades
     of which Company is notified at least 24 hours in advance, so long as such
     outages are scheduled for low-usage time periods and do not exceed a total
     of 10 hours in any 30 day period.

B.   RESPONSE TIME. Stockwalk shall use its best efforts to maintain a mean
     response time for server response to access the Stockwalk Services not to
     exceed a time period to be mutually agreed on by both Parties, but no
     longer than industrystandard.

C.   BANDWIDTH. Throughout the term, Stockwalk shall use its best efforts to
     have an agreement in place with its Internet connectivity provider which
     requires such provider to automatically increase bandwidth capacity if such
     capacity exceeds 25% utilization.

D.   SECURITY. Stockwalk shall prevent unauthorized access to restricted areas
     of its servers and any databases or other sensitive material generated from
     or used in conjunction with the Stockwalk Services. In addition, Stockwalk
     shall immediately notify Company of any known security breaches or holes in
     the Stockwalk Service or any Co-Branded Site.

E.   ERROR CORRECTION. Stockwalk shall resolve any errors with the Stockwalk
     Services under its control (including, without limitation any Javascripts
     or ActiveX controls used in connection with such pages) that cause such
     services not to be able to perform one or more major functions within 24
     hours of the earlier of its discovery of the error or Company's notice of
     the error. Stockwalk shall resolve all other errors with such services
     within seven (7) days of the earlier of its discovery of the error or
     Company's notice of the error.

F.   BROWSER COMPATIBILITY. The Stockwalk Services shall initially be compatible
     with Netscape Navigator 3.X, 4.X, and higher versions and Microsoft
     Internet Explorer 3.X, 4.X, and higher versions. The Parties may add
     additional browsers or versions that the Stockwalk Services must be
     compatible with, provided that such additional browsers or versions are
     used by more than 5% of the Customers. Customers shall not require any
     plug-ins in order to access any Stockwalk Services functionality.

                                       1
<PAGE>

G.   VOLUME SCALABILITY. Stockwalk shall use best efforts to implement necessary
     hardware, application and network architecture and configuration required
     to manage scalability and capacity issues associated with increased
     transaction volumes.

H.   DATA AUTHENTICATION. Stockwalk shall use best efforts, no less than
     industrystandard, to authenticate the origin of all information provided by
     Company as having come from Company.

I.   CUSTOMER SUPPORT. Stockwalk shall use best efforts to respond to all
     customer and technical support inquiries within 10 minutes of the receipt
     of inquiry. Stockwalk shall manually respond to all customer account
     inquiries within 24 hours. Stockwalk shall resolve all such inquiries
     within 72 hours or shall notify Company that it cannot do so, in which case
     Company at its sole discretion may intervene to assist in resolving the
     inquiry.

                                       2
<PAGE>

                                    EXHIBIT B

                         COMPANY'S EXTERIOR PAGE FRAMES

<PAGE>

                                    EXHIBIT C

                      FORM OF NETWORK/AFFILIATION AGREEMENT

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