Document:

<PAGE>   1
                                                                   EXHIBIT 10.3

                    DATED AS OF THE 2ND DAY OF DECEMBER, 1998

BETWEEN:

                   YORK REGION e-PROPERTY LIMITED PARTNERSHIP

                                     - AND -

                                PLANET TODAY INC.

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

                          MANAGEMENT SERVICES AGREEMENT

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

                                  FRASER MILNER
                             BARRISTERS & SOLICITORS
                             1 FIRST CANADIAN PLACE
                              100 KING STREET WEST
                                TORONTO, ONTARIO
                                     M5X 1B2

<PAGE>   2

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                    ARTICLE 1
                                 INTERPRETATION
<S>            <C>                                                                                 <C>
SECTION 1.1     - Definitions .......................................................................1
SECTION 1.2     - Interpretation Not Affected by Headings, etc. .....................................5
SECTION 1.3     - Severability ......................................................................5
SECTION 1.4     - Governing Law .....................................................................5

                                    ARTICLE 2
                           APPOINTMENT OF THE MANAGER

SECTION 2.1     - Representation ....................................................................6
SECTION 2.2     - Appointment of Manager ............................................................6

                                    ARTICLE 3
                       DUTIES AND AUTHORITY OF THE MANAGER

SECTION 3.1     - Management Services ...............................................................6
SECTION 3.2     - Approvals .........................................................................7
SECTION 3.3     - Employees and Consultants .........................................................7
SECTION 3.4     - Failure to Comply .................................................................7
SECTION 3.5     - Authority .........................................................................7
SECTION 3.6     - Co-operation of Manager Being Replaced ............................................7
SECTION 3.7     - General ...........................................................................8

                                    ARTICLE 4
                           RECORDS, BUDGETS, ACCOUNTS

SECTION 4.1     - Records and Rights of Examination .................................................8
SECTION 4.2     - Furnish Information to Accountants ................................................8
SECTION 4.3     - Budgets and Reports ...............................................................8
SECTION 4.4     - Accounting ........................................................................9
SECTION 4.5     - Billings ..........................................................................9
SECTION 4.6     - Banking ...........................................................................9
SECTION 4.7     - Reporting and Communication .......................................................9

                                    ARTICLE 5
                  COLLECTION AND DISBURSEMENT OF GROSS REVENUE

SECTION 5.1     - Gross Revenue ....................................................................10
SECTION 5.2     - Disbursement of Gross Revenue ....................................................10
SECTION 5.3     - Report to the Owner ..............................................................10
SECTION 5.4     - Revenue Deficiencies .............................................................11
</TABLE>

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                                                                             ii.

<TABLE>
<CAPTION>
                                    ARTICLE 6
                                FEES AND EXPENSES
<S>            <C>                                                                                 <C>
SECTION 6.1     - Management Fee ...................................................................11
SECTION 6.2     - Expenses .........................................................................11
SECTION 6.3     - Overhead .........................................................................12
SECTION 6.4     - No Duplication ...................................................................12

                                    ARTICLE 7
                    REPRESENTATIONS, WARRANTIES AND COVENANTS

SECTION 7.1     - Representations and Warranties of Owner and General Partner ......................12
SECTION 7.2     - Representations and Warranties of the Manager ....................................12
SECTION 7.3     - Manager an Independent Contractor ................................................13
SECTION 7.4     - Indemnity by the Owner ...........................................................13
SECTION 7.5     - Indemnity by Manager .............................................................13
SECTION 7.6     - Standard, Unavoidable Delay ......................................................13
SECTION 7.7     - Confidentiality ..................................................................14

                                    ARTICLE 8
                                 OWNER'S CONTROL

SECTION 8.1     - General Control of the Owner .....................................................14
SECTION 8.2     - Specific Approvals ...............................................................14

                                    ARTICLE 9
                              TERM AND TERMINATION

SECTION 9.1     - Initial Term .....................................................................15
SECTION 9.2     - Renewal ..........................................................................15
SECTION 9.3     - Termination by the Owner .........................................................15
SECTION 9.4     - Termination by Manager For Default by the Owner ..................................15
SECTION 9.5     - Delivery of Records ..............................................................16
SECTION 9.6     - Effect of Continued Performance ..................................................16
SECTION 9.7     - Duties Flowing From Termination ..................................................16
SECTION 9.8     - Rights on Termination ............................................................16

                                   ARTICLE 10
                             RESOLUTION OF DISPUTES

SECTION 10.1    - Arbitration ......................................................................17
SECTION 10.2    - Specific Performance .............................................................17

                                   ARTICLE 11
                                     GENERAL

SECTION 11.1    - Notices ..........................................................................17
SECTION 11.2    - Waiver ...........................................................................18
</TABLE>

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                                                                            iii.

<TABLE>
<S>            <C>                                                                                 <C>
SECTION 11.3    - Amendments .......................................................................18
SECTION 11.4    - Further Assurances ...............................................................19
SECTION 11.5    - Entire Agreement .................................................................19
SECTION 11.6    - No Assignments ...................................................................19
SECTION 11.7    - Successors and Assigns ...........................................................19

                                   ARTICLE 12
                                    EXECUTION

SECTION 12.1    - Execution ........................................................................20
</TABLE>
<PAGE>   5

                              MANAGEMENT AGREEMENT

      THIS AGREEMENT dated as of the 2nd day of December, 1998

B E T W E E N:

                    YORK REGION e-PROPERTY LIMITED PARTNERSHIP, a limited
                    partnership formed under the laws of the Province of
                    Ontario by its general partner, York Region e-Property
                    Services Corporation, a corporation incorporated under the
                    laws of the Province of Ontario, (hereinafter referred to
                    as the "Owner")

                                                               OF THE FIRST PART

                    - and -

                    PLANET TODAY INC., a corporation incorporated under the
                    laws of the Province of Ontario,
                    (hereinafter referred to as the "Manager")

                                                              OF THE SECOND PART

WITNESSETH THAT:

             WHEREAS the Owner has acquired or will acquire pursuant to a
Technology Access Licence and Support Services Agreement dated December 31,
1998 between the Owner and Planet America Inc. (the "Licence Agreement") the
non-exclusive licence to use and apply the e-Property Technology within the
Territory; such that the Owner will conduct thereafter a business (hereinafter
called the "Business") of developing, operating and marketing those Initial
Technologies;

             AND WHEREAS the Owner and the Manager also desire to enter into
certain arrangements for the Manager to provide certain administrative services
to the Business as hereinafter set out for and in consideration of the fees
payable by the Owner to the Manager.

             NOW THEREFORE in consideration of the premises, covenants and
agreements set forth herein and of the sum of FIVE ($5.00) DOLLARS now paid by
each party to the other and of other good and valuable consideration, the
receipt and sufficiency of which each party hereby acknowledges, the parties
hereby covenant and agree as follows:

                                   ARTICLE 1
                                 INTERPRETATION

SECTION 1.1 - DEFINITIONS

             In this Agreement, unless there is something in the subject matter
or context inconsistent therewith:

<PAGE>   6

                                                                              2.

"ACCOUNTANTS" means such certified public accountants or independent chartered
accountants as may be appointed annually by the Owner;

"ACCOUNTING PERIOD" means the period of twelve months ending on the last day of
December in each calendar year, except that the first Accounting Period under
this Agreement shall be the period from the date of commencement of the Initial
Term to the next ensuing December 31;

"AFFILIATE" has the meaning ascribed thereto in the Securities Act (Ontario);

"AGREEMENT", "this Agreement", "the Agreement", "hereto", "hereof", "herein",
"hereby", "hereunder" and similar expressions mean to refer to this Agreement
as amended from time to time and any agreement or instrument supplemental or
ancillary hereto or in implementation hereof and the expressions "Article",
"Section", "Subsection", "Paragraph" and "Subparagraph" followed by a number or
letter without further qualification mean and refer to the specified Article,
Section, Subsection, Paragraph or Subparagraph of this Agreement;

"APPLICABLE LAW" means, with respect to any Person, property, transaction,
event or other matter, any law, rule, statute, regulation, order, judgment,
decree, treaty or other requirement having the force of law (collectively the
"Law") relating or applicable to such Person, property, transaction, event or
other matter. Applicable Law also includes, where appropriate, any
interpretation of the Law (or any part thereof) by any Person having
jurisdiction over it, or charged with its administration or interpretation;

"APPROVED BUDGET" means a budget Approved by the Owner pursuant to Section 4.3;

"APPROVED BY THE OWNER" means the approval in writing given by the General
Partner of the Owner to the Manager in connection with the subject request or
item to be approved;

"BUSINESS" means the development, marketing, use, operation and/or licencing of
Internet-based information utilities which have the ability to host a full
range of interactive services to enable individuals, community groups and local
businesses, governments and associations within the Regional Municipality of
York, Canada to, among other things, share information and conduct e-commerce
and e-business transactions for the purpose of earning income, and all
activities incidental thereto.

"BUSINESS DAY" means a day which is neither a Saturday, Sunday nor a day
observed as a holiday under the laws of the Province of Ontario or the federal
laws of Canada; and "Business Days" means more than one Business Day;

"CAPITAL EXPENDITURES" means expenditures of a capital nature relating to the
Business according to generally accepted accounting principles, consistently
applied;

"DISTRIBUTABLE CASH" shall have the meaning attributed thereto in the Limited
Partnership Agreement;

"e-PROPERTY TECHNOLOGY" means the computer-based software system and facility
developed and owned by Planet America called "e-Property (TM)" which creates a
shared electronic platform that is capable of hosting a full range of
interactive services, including collaborative information and file-sharing,
e-commerce and e-business transactions, relationship-building and permission
marketing and messaging between individuals, groups, businesses, governments,
associations and other organizations, all as more particularly described in the
Licence Agreement;

<PAGE>   7

                                                                              3.

"EVENT OF DEFAULT" means, in the case of the Manager:

      (i)    a material breach by the Manager to a material tern if this
             Agreement, including without limitation, the failure of the
             Manager to perform or the improper performance by the Manager in
             any material respect of any one or more of its duties or its
             obligations under this Agreement; or

      (ii)   a breach by the Manager of any trust or fiduciary duty created by
             this Agreement for funds received by it or the Manager's refusal
             to account for such funds,

and means, in the case of the Owner, the failure of the Owner to perform its
duties and discharge its obligations in any material respect under this
Agreement;

"EVENT OF INSOLVENCY" means, with respect to the Manager, the occurrence of any
one of the following events:

      (i)    if the Manager, other than in connection with a bona fide
             corporate reorganization, is wound up, dissolved, liquidated, or
             becomes subject to the provisions of the Winding Up Act (Canada)
             as amended or re-enacted from time to time, or has its existence
             terminated unless such existence is immediately reinstated or has
             any resolution passed therefor or makes a general assignment for
             the benefit of its creditors or a proposal under the Bankruptcy
             and Insolvency Act (Canada) as amended or re-enacted from time to
             time, or is adjudged bankrupt or insolvent; or if it proposes a
             compromise or arrangement under the Companies' Creditors
             Arrangement Act (Canada) as amended or re-enacted from time to
             time, or files any petition or answer seeking any reorganization,
             arrangement, composition, re-adjustment, liquidation, or similar
             relief for itself under any present or future law relating to
             bankruptcy, insolvency, or other relief for or against debtors
             generally; or

      (ii)   if a court of competent jurisdiction enters an order, judgment or
             decree approving a petition filed with respect to the Manager
             seeking any reorganization, arrangement, composition,
             re-adjustment, liquidation, dissolution, winding up, termination
             of existence, declaration of bankruptcy or insolvency or similar
             relief under any present or future law relating to bankruptcy,
             insolvency or other relief for or against debtors generally, and
             such order, judgment or decree remains unvacated and unstayed for
             an aggregate of thirty (30) days (whether or not consecutive) from
             the day of entry thereof; or if any trustee in bankruptcy,
             receiver, receiver and manager, liquidator or any other officer
             with similar powers is appointed, whether privately or judicially,
             with the consent or acquiescence of the Manager or such
             appointment remains unvacated and unstayed for an aggregate of
             thirty (30) days (whether or not consecutive); or

      (iii)  if the Manager shall be or become insolvent;

"FIRST PROMISSORY NOTE" shall have the meaning attributed thereto in the
Offering Memorandum;

"GENERAL PARTNER" means York Region e-Property Inc.;

"GROSS REVENUE" shall mean the aggregate of all revenues from all sources from
the operation of the Business before deducting any cost or expense, as
determined on an accrual basis in accordance with generally accepted accounting
principles, consistently applied, including, without restriction, interest on

<PAGE>   8
                                                                              4.

deposits and any funds received from the disposition of any assets forming part
of the Business or any other receipt of a capital nature in accordance with
generally accepted accounting principles;

"INITIAL TERM" means the initial term of this Agreement as defined in Section
9.1;

"LAW SITE" means a community-based or geographically-based local area Internet
website created and supported by the e-Property Technology;

"LICENCE AGREEMENT" means the Technology Licence and Services Agreement dated as
of December 31, 1998 between the Owner, the Manager and Planet America Inc.

"LIMITED PARTNERS" means the limited partners of the Owner;

"LIMITED PARTNERSHIP AGREEMENT" means the Amended and Restated Limited
Partnership Agreement dated December 1, 1998, respecting the Owner;

"MANAGEMENT FEE" shall mean the fee payable by the Owner to the Manager as
provided in Section 6.1;

"MANAGEMENT SERVICES" means the provision of administrative assistance to the
Owner by the Manager in connection with the Business, as provided at Article 3
hereof;

"MANAGER" means Planet Today Inc. or an Affiliate or permitted assign thereof;

"MORTGAGE" means present or future charges, mortgages, liens or other
encumbrances, if any, in or on the Property or any part thereof as may be
Approved by the Owner;

"NET REVENUE" shall have the meaning attributed thereto in the Limited
Partnership Agreement;

"NOTICE OF COMPLAINT" means a notice of complaint given in accordance with the
provisions of either of Sections 9.3 or 9.4;

"NOTICE OF TERMINATION" means a notice of termination given in accordance with
the provisions of either of Sections 9.3 or 9.4;

"OFFERING" means the offering of limited partnership units of the Owner on
December 2, 1998, pursuant to the Offering Memorandum;

"OFFERING MEMORANDUM" means the Confidential Offering Memorandum of the Owner
dated December 2, 1998 as such may be amended from time to time;

"OPERATING EXPENSES" shall have the meaning attributed thereto in the Limited
Partnership Agreement;

"OTHER CONTRACTS" means all contracts entered into or assumed by the Owner, or
the Manager on behalf of the Owner, in respect of the Business pursuant to an
Approved Budget or as otherwise Approved by the Owner;

"OWNER" means York Region e-Property Limited Partnership, a limited partnership
formed under the laws of the Province of Ontario, as the owner of the Business,
and any successors in title thereto;

"PERSON" means an individual, a partnership, a corporation, a government or any
department or agency thereof, a trustee, any unincorporated organization and the
heirs, executors, administrators or legal representatives of an individual;

<PAGE>   9

                                                                              5.

"PROPERTY" means all undertaking, property and assets of any form or of any
nature whatsoever, now or hereafter owned by the Owner and used in connection
with, in respect of or relating to, in any way or in any manner whatsoever, the
Business;

"RENEWAL TERMS" means any renewal of the Initial Term of this Agreement or of
subsequent renewal terms as provided at Section 9.2 hereof;

"SECOND PROMISSORY NOTES" shall have the meaning attributed thereto in the
Offering Memorandum;

"TERM" means the Initial Term hereof together with any Renewal Terms;

"UNAVOIDABLE DELAY" means any condition or cause beyond the reasonable control
of the Manager, in its capacity as Manager under this Agreement, if the Manager
is acting in good faith and in a reasonable manner with respect to such
condition or cause but shall not include any inability to perform because of any
financial condition of the Manager or any lack of funds other than a lack of
funds caused by a failure of the Owner to pay the Manager an amount properly
due, or because of a failure of the Owner to respond to a request for any
approval required under this Agreement; and

"UNITS" means the limited partnership units of the Owner which are owned by the
Limited Partners.

SECTION 1.2 - INTERPRETATION NOT AFFECTED BY HEADINGS, ETC.

             Grammatical variations of any terms defined herein have similar
meanings; words importing the singular number shall include the plural and vice
versa; words importing the masculine gender shall include the feminine and
neuter genders. The division of this Agreement into separate Articles, Sections,
Subsections, Paragraphs and Subparagraphs, the provision of a table of contents,
and the insertion of headings and marginal notes and references are for
convenience only and shall not affect the construction or interpretation of this
Agreement.

SECTION 1.3 - SEVERABILITY

             If any covenant, obligation or agreement of this Agreement, or the
application thereof to any Person or circumstance shall, to any extent, be
invalid or unenforceable, the remainder of this Agreement or the application of
such covenant, obligation or agreement to Persons or circumstances other than
those as to which it is held invalid or unenforceable, shall not be affected
thereby, and each covenant, obligation and agreement of this Agreement shall be
separately valid and enforceable to the fullest extent permitted by law.

SECTION 1.4 - GOVERNING LAW

             This Agreement shall be governed by and construed in accordance
with the laws of Ontario and the laws of Canada applicable therein and shall be
treated in all respects as an Ontario contract.

<PAGE>   10
                                                                              6.

                                    ARTICLE 2
                           APPOINTMENT OF THE MANAGER

SECTION 2.1 - REPRESENTATION

              The Manager represents to and covenants with the Owner that it has
and that it will continue to have the facilities, personnel and expertise to
provide to the Owner the functions and services herein set forth in a competent
and efficient manner, in keeping with the then current industry standards
applicable to the Business.

SECTION 2.2 - APPOINTMENT OF MANAGER

              Relying on the foregoing representation and covenant, the Owner
hereby appoints and retains the Manager to carry out those certain services as
provided in Article 3 hereof related to the Business and as the Owner may
otherwise direct, from time to time, on the terms and conditions and for the
remuneration provided in this Agreement. The Manager accepts such appointment
and covenants and agrees with the Owner that, subject to the terms and
conditions hereof, it shall manage the Business, and shall, without limitation,
perform the services set forth in Article 3 for the Term, subject to earlier
termination pursuant to the provisions of this Agreement.

                                    ARTICLE 3
                       DUTIES AND AUTHORITY OF THE MANAGER

SECTION 3.1 - MANAGEMENT SERVICES

              The Manager, subject to and in accordance with the provisions of
this Agreement, shall, from and after the date hereof, perform the following
services for the benefit of the Owner:

       (a)    make and carry out all administrative decisions as required in
connection with the operation of the Business and as requested by the Owner from
time to time, in accordance with the instructions, written policies and
procedures approved by the Owner from time to time;

       (b)    provide such additional product development and operational
support respecting the e-Property Technology as may be required, in addition to
the product development and operational support provided in the Licence
Agreement;

       (c)    provide office facilities, as required;

       (d)    provide the use of its personnel, as required, and such
personnel-related services as may be required to ensure the adequate
supervision, training, certification, equipping, and insurance coverage of such
personnel, understanding that the Manager shall and does hereby assume
responsibility and holds the Owner harmless for the acts or omissions and safety
of such persons and their workplace;

       (e)    prepare and furnish to the Owner such reports, budgets and
information relating to the operation of the Business as may be requested; keep
at all times proper books, records and accounts of the operation of the
Business; permit the Owner upon reasonable notice during normal business hours
to inspect all such books, records and accounts of the operation of the Business
held or retained by the Manager and take extracts or copies therefrom and
thereof and audit the same solely at the expense of the Owner, as the case may
be; and provide such particulars of accounting entries relating to the operation
of the Business as may be reasonably requested by the Owner;

<PAGE>   11

                                                                              7.

       (f)    prepare and furnish, or cause to be prepared and furnished, to the
Owner financial statements of the operation of the Business in accordance with
Section 4,3 and 4.4;

       (g)    take such action as is necessary or advisable to ensure that the
Business remains in compliance with the Applicable Law; and

       (h)    generally do all such acts, matters and things which it is obliged
to do pursuant to the provisions of this Agreement.

SECTION 3.2 - APPROVALS

              The Manager agrees that in connection with the performance of its
duties under this Agreement, it shall not enter into any contract or incur or
pay any expense not provided for in an Approved Budget or otherwise Approved by
the Owner; notwithstanding the foregoing, the Manager may incur or pay in each
Accounting Period, within such Approved Budget, increased expenditures in
respect of any category of expenditures of up to twenty percent (20%) for such
category, provided always that such increased expenditures shall not increase
the total expenditures provided for in the Approved Budget or otherwise Approved
by the Owner by a margin of more than 5% thereof. Any expenditures incurred or
paid by the Manager purportedly on behalf of the Owner which have not been
included in an Approved Budget or otherwise Approved by the Owner shall be
reported to the Owner and shall be for the account of the Manager unless and
until otherwise Approved by the Owner.

SECTION 3.3 - EMPLOYEES AND CONSULTANTS

              The Manager will perform, or cause to be performed, for the Owner
all things necessary in connection with the operation of the Business so that it
is not necessary for the Owner to have any employees or any other consultants or
advisory or management services. The Owner will reimburse the Manager for
reasonable salaries and benefits paid to the Manager's personnel employed
exclusively with respect to the Business and other reasonable expenses of
personnel to the extent that such have been provided for in an Approved Budget
or otherwise Approved by the Owner.

SECTION 3.4 - FAILURE TO COMPLY

              The Manager shall notify the Owner in writing promptly upon
discovery of any failure to substantially comply with Sections 3.1, 3.3 and 3.7.

SECTION 3.5 - AUTHORITY

              Except as otherwise provided herein, the Manager shall have the
authority, in its own name as the Owner's agent or in the name of the Owner, and
at the Owner's expense or for the account of the Owner, to do or cause to be
done all things necessary or convenient to fulfill its obligations under
Sections 3.1, 3.3 and 3.7. The Owner shall provide to third parties any
assurances or undertakings as any such third parties may require from time to
time regarding the Manager's management of the Business. Except as expressly
provided in this Agreement, no party shall act in any agency or representative
capacity for the other party.

SECTION 3.6 - CO-OPERATION OF MANAGER BEING REPLACED

              Upon termination of this Agreement, the Manager shall fully
co-operate with the Owner or the Owner's nominee who is assuming the rights,
duties and status of the Manager. The Manager, at the Owner's expense, shall
make all necessary information available to the incoming manager and shall,

<PAGE>   12

                                                                              8.

upon request, give the incoming manager the originals or photocopies of any
books, records, plans, documents or other information pertaining to the Business
that have been reduced to writing and that are in the Manager's possession. The
Manager shall assign all contracts and instruments necessary for the incoming
manager to exercise the rights of the Manager under this Agreement against third
parties.

SECTION 3.7 - GENERAL

             The Manager shall generally do and perform and contract for all
things it considers, acting in good faith, necessary for the proper and
efficient management, operation and maintenance of the Business.

                                    ARTICLE 4
                           RECORDS, BUDGETS, ACCOUNTS

SECTION 4.1 - RECORDS AND RIGHTS OF EXAMINATION

             The Manager shall maintain in the York Region records relevant to
all aspects of the Business, and notify the Owner from time to time of the
location of such records. The Manager, at any and all times during normal
business hours and upon reasonable notice, upon a written request of the Owner,
will permit the Owner or its agents and attorneys, to examine all books of
account, records, reports and other papers of the Manager relating to the
services performed by the Manager under this Agreement and to make copies
thereof and to take extracts therefrom, solely at the expense of the Owner.

SECTION 4.2 - FURNISH INFORMATION TO ACCOUNTANTS

             The Manager covenants and agrees with the Owner to, at reasonable
times and after reasonable notice from the Owner, make available to the auditors
of the Owner and the Accountants such information and material as may be
required by such auditors or Accountants for the purpose of their audits or
review and otherwise give such co-operation as may be necessary for such
auditors or Accountants to carry out their duties on behalf of the Owner, solely
at the expense of the Owner.

SECTION 4.3 - BUDGETS AND REPORTS

      (a)    The Manager covenants and agrees to prepare and submit to the
General Partner on or before the commencement of each Accounting Period (save
and except for the first Accounting Period, for which an Approved Budget is
attached hereto as Schedule "A") a proposed operating budget setting forth
anticipated maximum Operating Expenses for such Accounting Period.

      (b)    Upon Approval of the Owner being communicated in writing to the
Manager by the General Partner, any such budget shall be an Approved Budget.

      (c)    If the General Partner board of directors fails to approve any
budget, the Manager shall call a meeting with the General Partner board of
directors to attempt to resolve the points of disagreement. So long as no
approved budget is in effect, the Manager shall have the right and obligation,
on behalf of the Owner, to implement, at the Manager's discretion, any actions
to keep the Business in operation and in good standing. In all other cases
involving the General Partner failure to approve any budget, the Manager shall
take no steps to implement any activities without the General Partner's board of
director's approval.

<PAGE>   13

                                                                              9.

      (d)    Any budget prepared by or for the Manager as the case may be, is
intended to be a reasonable estimate that takes into account all of the various
material factors known to the Manager, at the time of preparation. Although the
Manager shall use its best efforts in preparing any budget, the Manager will not
be understood to be making any warranty in connection with any budget.

      (e)    The Manager shall keep the budget under constant review and shall
use its best efforts to ensure that the work for which it is responsible is
carried out within the time and in accordance with the approved budget, provided
that if the Manager considers it necessary to materially revise any budget, the
Manager shall notify the General Partner in writing indicating the reasons for
such revisions and including in such notice the proposed revisions to the
budget, for the approval of the General Partner's board of directors. Such
approval shall be deemed to be given unless written objection is made by the
General Partner's board of directors to the Manager within 60 days after such
submission by the Manager to the General Partner. At any time, the Owner may
request that a budget be revised and the Manager shall consider such request.

      (f)    In circumstances where the amount of any item in a budget exceeds
or is about to exceed $60,000, the Manager shall obtain the approval of the
General Partner's board of directors for any proposed expenditures in excess of
such amount.

      (g)    In addition, the Manager shall provide such other reports,
explanations and information as the Owner may reasonably request from time to
time.

SECTION 4.4 - ACCOUNTING

             During the Term, the Manager shall provide to the Owner unaudited
statements and reports within thirty (30) calendar days after the last date of
each month, which shall include a statement of expense showing the actual
expenses of the Manager which are or have been to the account of the Owner
relating to the operations from the Business for such month and for the elapsed
portion of the current Accounting Period; and annually, within one hundred and
twenty (120) calendar days after the end of such Accounting Period, an unaudited
statement of expenses and an unaudited statement of account with a narrative
explanation of any variations from the Approved Budget relating to that
Accounting Period which are material.

SECTION 4.5 - BILLINGS

             The Manager shall, in connection with the operation of the
Business, establish and maintain suitable records and systems to handle, and
shall handle, any billings to customers or clients of the Business as the Owner
may direct.

SECTION 4.6 - BANKING

             If requested to do so by the Owner, the Manager shall establish for
the benefit of the Owner a separate bank account in the name of the Manager in
relation to the operation of the Business and make all deposits thereto and
disbursements therefrom and shall handle all banking necessary for the due
performance of the Manager's accounting and administrative functions under the
provisions of this Agreement and for the receipt and disbursement of all moneys
of the Owner pertaining to the operation of the Business required to be attended
to by the Manager under the provisions of this Agreement.

SECTION 4.7 - REPORTING AND COMMUNICATION

<PAGE>   14
                                                                             10.

              All budgets, financial statements and other documents to be
provided by the Manager to the Owner shall be provided at the address for the
Owner set out in Section 11.1. The communication of the Approval of the Owner to
any matter shall be given by, and the Manager shall only be entitled to act on
such Approval of the Owner if communicated in writing by, the general or
managing partner of the Owner.

                                    ARTICLE 5
                  COLLECTION AND DISBURSEMENT OF GROSS REVENUE

SECTION 5.1 - GROSS REVENUE

              If requested to do so by the Owner, the Manager shall be
responsible for the management of cash balances held by the Owner in connection
with the operation of the Business from time to time during the course of each
month, and shall deposit in the separate account or accounts, to be maintained
by the Manager, in the name of the Manager for and on behalf of the Owner,
pursuant to Section 4.6, all cash, cheques and other negotiable instruments
which come into the Manager's hands pursuant to the provisions of this
Agreement, and the Manager shall deal with such cash, cheques and other
negotiable instruments in accordance with sound management practices so that the
Owner is adequately protected, all such cash, cheques or other negotiable
instruments being held in trust for the Owner. All revenues from the Business
received and collected by the Manager on behalf of and in trust for the Owner
until deposited as herein provided shall be held in the account referred to in
Section 4.6.

SECTION 5.2 - DISBURSEMENT OF GROSS REVENUE

              No funds shall be disbursed from the account referred to in
Section 4.6 except in accordance with the following provisions:

              (a)    the Manager shall be entitled to reimbursement for all
Operating Expenses to third parties properly chargeable to the Owner hereunder
on behalf of the Owner, provided that such Operating Expenses are set forth in
an Approved Budget or are otherwise Approved by the Owner or where there is no
Approved Budget or other approval by the Owner, such Operating Expenses are not
greater than those set forth in the then most recent Approved Budget. The
payment of any Operating Expenses in excess thereof shall be subject to the
Approval of the Owner; and

              (b)    if an Event of Default has not occurred in respect of the
Manager, or if an Event of Default shall have occurred in respect of the Manager
which has been cured or, if an Event of Default in respect of the Manager has
occurred but has not been cured and is immaterial and the Manager has commenced
and is diligently and in good faith proceeding to cure such Event of Default,
then the Manager shall be entitled on the last day of each month during the
Accounting Period, to withdraw the Management Fee and any Operating Expenses and
out-of-pocket expenses of the Manager for which the Owner is responsible for
such month as herein mentioned; in the event that an Event of Default has
occurred and the payment of the Management Fee has been suspended pursuant to
this Subsection 5.2(b), the Management Fee shall accrue and be payable without
interest (and may be withdrawn by the Manager) upon the curing of such Event of
Default pursuant to the terms of this Agreement.

SECTION 5.3 - REPORT TO THE OWNER

              Monthly, on or before the fifteenth (15th) day of each month, the
Manager shall provide to the General Partner a statement showing all banking
transactions with respect to the bank account referred to in Section 4.6.

<PAGE>   15

                                                                             11.

SECTION 5.4 - REVENUE DEFICIENCIES

              In the event that the Manager determines, at any time during the
Term, that the direct expenses incurred or, within a reasonable time, to be
incurred in the operation of the Business exceed or shall exceed, as the case
may be, the aggregate of all revenues from all sources of the Business, no
Management Fee shall be payable by the Owner to the Manager in respect of such
time period that such deficiency occurred.

                                   ARTICLE 6
                               FEES AND EXPENSES

SECTION 6.1 - MANAGEMENT FEE

       (a)    Subject to Section 5.4, the Owner has agreed to pay to the
Manager:

              A.     an annual administration fee of $60,000 per annum, payable
                     on the first day of each month, in advance, in the amount
                     of $5,000 per month, plus

              B.     an annual fee equal to 20% of Net Revenue for the
                     applicable fiscal year of the Partnership until the later
                     of (i) the fiscal year 2004 and (ii) the date that all
                     First Promissory Notes and Second Promissory Notes have
                     been repaid in full, and thereafter, the annual fee payable
                     by the Owner to the Manager will be 50% of Net Revenue for
                     the applicable fiscal year of the Partnership. The fee
                     payable to the Manager shall be calculated annually for
                     each fiscal year of the Partnership, no later than 90 days
                     after the end of each fiscal year of the Partnership, and
                     such fee shall be payable within 90 days from the end of
                     each fiscal year of the Partnership.

       (b)    In addition to the fees payable pursuant to Section 6.1(a) above,
the Owner shall be responsible for and shall reimburse the Manager in respect of
all Taxes properly payable upon any of the fees payable to the Manager
hereunder.

SECTION 6.2 - EXPENSES

              The Manager shall, on behalf of the Owner, from the account
referred to in Section 4.6 hereof, be reimbursed for all direct, out-of-pocket,
expenses properly and reasonably incurred by the Manager in the operation of the
Business (including, without limiting the generality of the foregoing,
reasonable travelling expenses of employees of the Manager for travelling beyond
the City of Toronto on matters related to the Business, all legal fees, costs of
brochures, market research, advertising and other promotion expenses, but
excluding travel and entertainment expenses incurred by employees of the Manager
not specifically allocated to the management of the Business, provided such
out-of-pocket expenses are incurred in accordance with an Approved Budget or are
otherwise Approved by the Owner. Notwithstanding the foregoing, the Manager
shall in no event be required to pay any of its funds for the implementation of
its duties and responsibilities under this Agreement nor shall the Manager be
obligated to incur any liability in connection with such implementation unless
the Owner furnishes the Manager with funds necessary for such implementation or
such liability.

<PAGE>   16
                                                                             12.

SECTION 6.3 - OVERHEAD

              No charge other than fees reserved herein shall be made by the
Manager nor shall there be any reimbursement to the Manager for any
administrative, overhead and indirect costs of the Manager pertaining to its own
business and business operations not relating to the Business.

SECTION 6.4 - NO DUPLICATION

              Notwithstanding anything contained herein to the contrary, the
Manager shall not be entitled to any fees, costs or expenses which are or have
been paid or are payable to the Manager under any other agreement for the same
services, costs or expenses set out herein.

                                    ARTICLE 7

                    REPRESENTATIONS, WARRANTIES AND COVENANTS

SECTION 7.1 - REPRESENTATIONS AND WARRANTIES OF OWNER AND GENERAL PARTNER

              (a)    The Owner represents and warrants to the Manager that:

                     (i)    it is a subsisting limited partnership under the
                            laws of Ontario; and

                     (ii)   the General Partner has all the necessary authority
                            and capacity to execute, deliver and perform this
                            Agreement on behalf of the Owner.

              (b)    The General Partner represents and warrants to the Manager
                     that:

                     (i)    it is a subsisting corporate under the laws of the
                            Province of Ontario; and

                     (ii)   the execution and delivery of this Agreement has
                            been duly authorized by all necessary corporate
                            action on the part of the General Partner on behalf
                            of the Owner and will constitute a valid and binding
                            obligation of the Owner enforceable in accordance
                            with its terms.

All representations and warranties of each of the Owner and the General Partner
made herein with respect to this Agreement shall survive the execution and
delivery of this Agreement.

SECTION 7.2 - REPRESENTATIONS AND WARRANTIES OF THE MANAGER

              The Manager represents and warrants to each of the Owner and the
              General Partner that;

              (a)    it is a subsisting corporation under the laws of the
                     Province of Ontario;

              (b)    it has all the necessary authority and capacity to execute,
                     delivery and perform this Agreement; and

              (c)    the execution and delivery of this Agreement has been duly
                     authorized by all necessary corporate action on the part of
                     the Manager and will constitute a valid and binding
                     obligation of the Manager enforceable in accordance with
                     its terms

              All representations and warranties of the Manager made herein with
respect to this Agreement shall survive the execution and delivery of this
Agreement.

<PAGE>   17

                                                                             13.

SECTION 7.3 - MANAGER AN INDEPENDENT CONTRACTOR

              Nothing in this Agreement should be construed so as to or shall
constitute a partnership or joint venture between the Owner and the Manager in
respect of the management of the Business as contemplated in this Agreement. The
duties to be performed and the obligations assumed by the Manager, as manager of
the Business, under this Agreement shall be performed and assumed by it as an
independent contractor and not as agent or in any other way as representative of
the Owner, except to the extent that the Manager is authorized by this Agreement
to incur obligations on behalf of the Owner. However, the Manager may require
that the terms and conditions of all contracts entered into by the Manager on
behalf of the Owner, pursuant to its duties under this Agreement and pursuant to
its authority hereunder, shall acknowledge that such contracts create a
contractual relationship between the other party thereto and the Owner and that
the Manager is in a representative capacity and, where any such contracts do not
specifically provide, the Owner acknowledges, nevertheless, that the Manager,
although it may be personally liable to a third party, is in a representative
capacity acting on behalf of the Owner and shall be indemnified by it.

SECTION 7.4 - INDEMNITY BY THE OWNER

              Both during and after the termination of this Agreement, the Owner
shall protect, indemnify and save the Manager harmless from any action, cause of
action, suit, debt, cost, expense, claim or demand whatsoever, at law or in
equity, in connection with the performance by the Manager of any and all of its
obligations under and in accordance with this Agreement including, without
limitation, any damage or injury whatsoever to any employee or other Person or
property arising out of the use, administration, control or operation of the
Business of the Property, but the indemnity provided under this Section 7.5
shall not extend to any wrongful act or neglect of the Manager or of its
employees, servants, agents or Persons for whom it is responsible in law, and
shall not extend to any action taken by the Manager outside the provisions of
this Agreement.

SECTION 7.5 - INDEMNITY BY MANAGER

              Both during and after the termination of this Agreement, the
Manager shall protect, indemnify and save the Owner harmless in respect of any
action, cause of action, suit, debt, cost, expense, claim or demand whatsoever,
at law or in equity, arising by way of any breach during the Term by the
Manager, its employees, servants, agents or Persons for whom it is responsible,
of any of the provisions of this Agreement or by reason or any negligence or
wrongful act of the Manager, its employees, servants, agents or Persons for whom
it is responsible, but the indemnity provided under this Section 7.6 shall not
extend to any wrongful act or neglect of the Owner or any of them, or of their
respective employees, servants, agents or Persons for whom they are responsible
in law, and shall not extend to any action by the Owner outside the provisions
of this Agreement.

SECTION 7.6 - STANDARD, UNAVOIDABLE DELAY

              The Manager hereby accepts its appointment in accordance with the
terms hereof and covenants and agrees to perform the services and functions to
be performed by it hereunder, as manager of the Business, in a competent and
efficient manner, in keeping with the then current industry standards applicable
to the Business. It is understood and agreed, however, that in carrying out its
duties and obligations hereunder, the Manager will not be responsible for
matters beyond its reasonable control or for matters involving the expenditure
of funds which are not made available by the Owner (after due and proper notice
from the Manager) and it is understood that the responsibility of the Manager in
performing the services and functions mentioned shall be limited in each case to
exercising in such performance the same degree of care and skill and supervision
as would be exercised by any reasonable and prudent owner

<PAGE>   18
experienced in performing like services and functions and that, as manager, the
Manager shall not be held responsible for the defaults of contractors or other
parties so long as it has exercised due care in selecting respectable and
competent contractors and third parties retained in connection with the
operation of the Business and has taken reasonable measures within its power to
avoid such defaults. In the event that the Manager is prevented from performance
on a given date by an item of Unavoidable Delay, the date for performance shall
be delayed by a period of time equal to the period of Unavoidable Delay. The
Manager will notify the Owner as soon as practicable after becoming aware of an
event of Unavoidable Delay and will, from time to time, notify the Owner of the
expected duration of the period of Unavoidable Delay.

SECTION 7.7 - CONFIDENTIALITY

              All information received by the Manager pursuant to this Agreement
shall be used only in the course of performing its duties hereunder and may not
be disclosed by the Manager to any other Person except with the consent of the
Owner or unless required to be disclosed in legal proceedings, including
proceedings among the parties hereto. Data, trade secrets, drawings, records,
reports and any other information (collectively referred to as the
"Information"), whether patented or unpatentable, and existing or developed in
the course of the Manager's duties hereunder, or obtained by the Manager while
acting as Manager, shall be owned exclusively by the Owner. The Manager shall
maintain as confidential and not disclose information to third parties without
the Owner's written consent before five years after termination of this
Agreement, subject to the following exceptions:

              (a)    Information which is in or becomes part of the public
                     domain;

              (b)    Information which is required to be disclosed by law or
                     regulation or by any court of competent jurisdiction;

              (c)    Information lawfully received by the Manager in its
                     capacity as the manager under this Agreement from any third
                     parties;

              (d)    Information which is required to be disclosed in connection
                     with obtaining advice or opinions from consultants relating
                     to the Project, provided such consultants agree to keep
                     such Information confidential.

                                    ARTICLE 8
                                 OWNER'S CONTROL

SECTION 8.1 - GENERAL CONTROL OF THE OWNER

              The Owner may establish and provide to the Manager, from time to
time, at the Manager's request or otherwise, written policies, limitations,
instructions and procedures governing the management and operation of the
Business and, in carrying out its obligations and duties under Article 3 of this
Agreement, the Manager shall at all times act in accordance with them.

SECTION 8.2 - SPECIFIC APPROVALS

              The Manager covenants and agrees that in connection with the
performance of its duties under this Agreement, the Manager shall submit to the
Owner for the Approval of the Owner (and, subject as hereinafter provided in
this Section 8.2, the Manager shall not proceed without the Approval of the
Owner):

<PAGE>   19

                                                                             15.

              (a)    any matter or act which according to the specific
                     provisions of this Agreement requires the Approval of the
                     Owner or that it be Approved by the Owner; and

              (b)    the acquisition or disposal of any property or the
                     incurring of any non-capital obligation involving a sum in
                     excess of $50,000.00 for any transaction or group of
                     similar or related transactions except for expenditures
                     made and obligations incurred pursuant to an Approved
                     Budget or otherwise in accordance with Section 4.4.

                                    ARTICLE 9
                              TERM AND TERMINATION

SECTION 9.1 - INITIAL TERM

              This Agreement shall commence as of the date of this Agreement
and, unless otherwise terminated in accordance with the provisions hereinafter
contained, shall continue in full force and effect for an initial term (the
"Initial Term") ending on the twentieth (20th) anniversary of the date hereof,
unless sooner terminated in accordance with the provisions herein.

SECTION 9.2 - RENEWAL

              This Agreement may be renewed, at the option of the Owner, for no
more than two (2) additional terms of five- (5) year periods, at no additional
cost or expense to the Manager or on such other term as the parties hereto may
otherwise agree.

SECTION 9.3 - TERMINATION BY THE OWNER

              If, in the case of the Manager, an Event of Default occurs, the
Owner may provide a notice (herein referred to as a "Notice of Complaint") to
the Manager specifying in reasonable detail the Event of Default. If within 30
days of receipt of any Notice of Complaint, the Manager fails to cure or remedy
the Event of Default in a reasonable manner, or if more than 30 days are
required to cure or remedy the Event of Default, the Manager fails to proceed
and continue diligently to cure or remedy or give reasonable assurances to the
Owner that such Event of Default will be cured or remedied within a reasonable
period of time, the Owner may terminate this Agreement by written notice (herein
referred to as a "Notice of Termination") to the Manager stating that this
Agreement is terminated and the reason for termination. Such termination shall
be effective as and from the last day of the month in which the Notice of
Termination is received by the Manager.

              In the event an Event of Insolvency occurs, the Owner may
terminate this Agreement by one (1) year's written notice (herein referred to as
a "Notice of Termination") to the Manager stating that this Agreement is
terminated and the reason for termination. Such termination shall be effective
as and from the date set out in the Notice of Termination.

SECTION 9.4 - TERMINATION BY MANAGER FOR DEFAULT BY THE OWNER

              If, in the case of the Owner, an Event of Default occurs as a
result of any acts or omissions of the Owner (other than those caused, directly
or indirectly, by the Manager), the Manager may provide a notice (herein
referred to as a "Notice of Complaint") to the Owner specifying in reasonable
detail the Event of Default. If within 30 days of receipt of any Notice of
Complaint, the Owner

<PAGE>   20
                                                                        16.

fails to cure or remedy the Event of Default in a reasonable manner, or if
more than 30 days are required to cure or remedy the Event of Default, the
Owner fails to proceed and continue diligently to cure or remedy or give
reasonable assurances to the Manager that such Event of Default will be cured
or remedied within a reasonable period of time, the Manager may terminate
this Agreement by notice (herein referred to as a "Notice of Termination")
to the Owner stating that this Agreement is terminated and the reason for
termination. Such termination shall be effective as and from the last day of
the month in which the Notice of Termination is received by the Owner.

SECTION 9.5 - DELIVERY OF RECORDS

             If this Agreement is terminated, notwithstanding such
termination, the Manager shall forthwith upon termination and from time to time
thereafter deliver to the Owner all records and documents, including without
limitation, all contracts and all other operating records, books of account and
ancillary documents maintained with respect to the Business which are then in
the possession or control of the Manager which the Owner reasonably requires and
which relate directly or indirectly to the Business; provided however, that the
Manager may elect to retain copies of such records, books of account and
documents and, notwithstanding such termination, the Owner shall thereafter and
from time to time for a reasonable period of time produce at its offices the
originals of such records, books of account and documents whenever the Manager
reasonably requires them for its purposes in connection with its prior
management of the Business. The Manager shall keep all such information
confidential.

SECTION 9.6 - EFFECT OF CONTINUED PERFORMANCE

             Subject to the provisions in Section 10.7, if this Agreement is
terminated, the Owner shall be under no obligation to pay to the Manager any
amount whatsoever for services performed by the Manager after the effective date
of termination of this Agreement unless such performance has been expressly
Approved by the Owner and in that event the Manager shall be entitled to be paid
on a quantum meruit basis in accordance with the fees set out herein.

SECTION 9.7 - DUTIES FLOWING FROM TERMINATION

             Upon termination of this Agreement, the Owner shall:

             (a)    assume the contracts entered into by the Manager on
                    behalf of the Owner if such contracts have been entered
                    into in accordance with the terms and provisions of
                    this Agreement and indemnify the Manager against any
                    liability by reason of anything done or required to be
                    done under any such contracts and relating to the period
                    after the effective date of termination of this Agreement;
                    and

             (b)    pay for and indemnify and save the Manager harmless
                    against the cost of all services and supplies ordered by
                    the Manager from third parties in accordance with the
                    terms and provisions of this Agreement but which may not
                    have been charged to and paid by the Owner at the time of
                    termination.

SECTION 9.8 - RIGHTS ON TERMINATION

             Any termination of this Agreement shall terminate all rights and
obligations under this Agreement except rights and obligations with respect to
amounts owing or to remedies, if either the Manager or the Owner shall be
entitled to an accounting as to the fees or other moneys payable to the Manager
or by the Manager or the Owner. Notwithstanding the foregoing, the
indemnification provisions

<PAGE>   21
                                                                        17.

of Sections 7.3 and 7.4 and the provisions of Section 9.4, 9.5 and 9.6 shall
survive any termination of this Agreement and shall remain in full force
and effect thereafter.

                                   ARTICLE 10
                             RESOLUTION OF DISPUTES

SECTION 10.1 - ARBITRATION

             The parties agree that, should any dispute or question be
raised by any party or parties hereto concerning the interpretation of any
provision(s) of this Agreement which cannot be resolved by agreement amongst
the parties, then such dispute or question shall be submitted to arbitration as
herein provided by the party or parties who raised the dispute or question (the
"Initiator(s)") to the other party or parties hereto (the "Respondent(s)"). The
arbitration shall be heard by a single arbitrator who is mutually acceptable to
each of the Initiator(s) and the Respondents or, failing which mutual agreement
on the single arbitrator within thirty (30) days following the second fifteen
(15) day period referred to above, by a single arbitrator appointed, on
application of any interested party to the dispute, to the courts of Ontario
under the Arbitrations Act, 1991 (Ontario).  The determination and award of the
arbitrators, as applicable, shall be in writing and shall be final and binding
upon the parties thereto and hereto and on their respective successors and
assigns. The parties hereto shall co-operate in completing any arbitration as
expeditiously as practicable.  The cost of the arbitration shall be borne
equally by the parties. Submission  to arbitration pursuant to the provisions of
this Subsection 10.1 shall be a condition precedent to the bringing of any
action with respect to this Agreement.

SECTION 10.2 - SPECIFIC PERFORMANCE

             The parties agree that irreparable damage would result if this
Agreement is not specifically enforced.  Therefore, the parties agree that
the rights and obligations hereunder shall be enforceable in any court of
equity by a decree of specific performance and appropriate injunctive relief
may be applied for and granted in connection therewith.  Such remedy will,
however, be cumulative and not exclusive and will be in addition to any other
remedies which any party may have under this Agreement or at law.

                                   ARTICLE 11
                                    GENERAL

SECTION 11.1 - NOTICES

             Any notice, demand, request, consent, agreement or approval
which may or is required to be given pursuant to this Agreement shall be in
writing and shall be sufficiently given if given by personal delivery upon
the party for whom it is intended, or (except in the case of an actual or
impending disruption of postal service) mailed by registered mail or sent
by facsimile transmission, and in the case of:

<PAGE>   22
                                                                             18.

(a)           in the case of notice to the General Partners or to the Owner:

              c/o York Region e-Property Services Corporation
              Newmarket Corporate Centre
              Suite 302, 1091 Gorham Street
              Newmarket, Ontario
              L3Y 7V1

              Attn: the President

              Telecopier: (905) 853-7214

(b)           in the case of notice to the Manager:

              c/o Planet Today Inc.
              Newmarket Corporate Centre
              Suite 302, 1091 Gorham Street
              Newmarket, Ontario
              L3Y 7V1

              Attn: the President

              Telecopier: (905) 853-7214

Any such notice or other document shall be deemed to have been given or
received, if delivered or sent by telecopier on the Business Day next following
the day it was received, and if mailed, on the fifth Business Day following the
day it was mailed. No party shall mail any notice or other documents hereunder
during any period in which Canadian postal workers are on strike or if any such
strike is imminent and may be anticipated to affect normal delivery thereof. A
party may change its address for receipt of notices or other documents at any
time by giving notice thereof as aforesaid to all other parties.

SECTION 11.2 - WAIVER

              No consent to or waiver of any breach or default by a party in the
performance of its obligations hereunder shall be valid unless made in writing
and no such consent to or waiver of any breach or default shall be deemed or
construed to be a consent to or waiver of any other breach or default in the
performance by such party of the same or any other obligations of such party
hereunder. Failure on the part of any party to complain of any act or failure to
act of any other party or to declare any other party in default, irrespective of
how long such failure continues, shall not constitute a waiver by such party of
its rights hereunder.

SECTION 11.3 - AMENDMENTS

              This Agreement may not be modified or amended except with the
written consent of the parties hereto.

<PAGE>   23

                                                                             19.

SECTION 11.4 - FURTHER ASSURANCES

              The parties hereto agree that they will, from time to time, at the
reasonable request of any of them, execute and deliver such assignments,
instruments and conveyances and take such further action as may be required to
accomplish the purposes of this Agreement.

SECTION 11.5 - ENTIRE AGREEMENT

              This Agreement constitutes the entire agreement between the
parties, pertaining to the subject matter hereof and supersedes all prior and
contemporaneous agreements, understandings, negotiations and discussions,
whether oral or written, of the parties and there are no warranties,
representations or other agreements between the parties in connection with the
subject matter hereof except as specifically set forth herein.

SECTION 11.6 - NO ASSIGNMENTS

              Neither this Agreement nor any of the rights, entitlements,
duties and obligations arising from it shall be assignable in whole or in part
by the Manager, except with the prior written consent of the Owner (which
consent may be unreasonably withheld) except where the Manager elects to assign
this Agreement to an Affidavit of the Manager.

SECTION 11.7 - SUCCESSORS AND ASSIGNS

              This Agreement shall enure to the benefit of and be binding upon
the successors and permitted assigns of the parties hereto.

<PAGE>   24

                                  Schedule "A"

                             Initial Approval Budget

                   YORK REGION e-PROPERTY LIMITED PARTNERSHIP*
                             FIRST ACCOUNTING PERIOD

January -- December, 1999

POPULATION:                         HOUSEHOLDS:
  169,800                             62,198

<TABLE>
<S>                                                    <C>
OPERATING EXPENSES:
Occupancy                                              $2,970
Tel/Fax                                                 2,160
Insurance                                                 108
General & office                                        2,268
Accounting                                              1,944
Professional & consulting                               1,080
Sub total                                             $10,530

SALES AND MARKETING:
Advertising/promotion                                 $17,753
Salaries                                               12,960
Sub total                                             $30,713

INTEREST ON FINANCING                                 $18,954
                                                      -------

Total operating expenses                              $60.197
                                                      -------
</TABLE>

*The area comprising of the Town of Newmarket, The Town of East Gwillimbury, The
Town of Georgina, The Town of Aurora and The Township of King
<PAGE>   25
                                                                             20.

                                   ARTICLE 12
                                   EXECUTION

SECTION 12.1 - EXECUTION

               IN WITNESS WHEREOF the parties hereto have caused their corporate
seals to be affixed under the hands of their proper officers duly authorized in
that behalf.

                                 PLANET TODAY INC.

                                 By: /s/ NOREEN STEVENS
                                    --------------------------------------------
                                 Name: NOREEN STEVENS
                                      ------------------------------------------
                                 Title: SECRETARY
                                       -----------------------------------------

                                 YORK REGION e-PROPERTY LIMITED
                                 PARTNERSHIP, BY ITS GENERAL PARTNER YORK REGION
                                 e-PROPERTY SERVICES CORPORATION

                                 By: /s/ NOREEN STEVENS
                                    --------------------------------------------
                                 Name: NOREEN STEVENS
                                      ------------------------------------------
                                 Title: PRESIDENT
                                       -----------------------------------------

                                 YORK REGION e-PROPERTY SERVICES CORPORATION

                                 By: /s/ NOREEN STEVENS
                                    --------------------------------------------
                                 Name: NOREEN STEVENS
                                      ------------------------------------------
                                 Title: PRESIDENT
                                       -----------------------------------------

<PAGE>   26

                                                                             20.

                                   ARTICLE 12
                                   EXECUTION

SECTION 12.1 - EXECUTION

               IN WITNESS WHEREOF the parties hereto have caused their corporate
seals to be affixed under the hands of their proper officers duly authorized in
that behalf.

                                 PLANET TODAY INC.

                                 By: /s/ NOREEN STEVENS
                                    --------------------------------------------
                                 Name: NOREEN STEVENS
                                      ------------------------------------------
                                 Title: SECRETARY
                                       -----------------------------------------

                                 YORK REGION e-PROPERTY LIMITED
                                 PARTNERSHIP, BY ITS GENERAL PARTNER YORK REGION
                                 e-PROPERTY SERVICES CORPORATION

                                 By: /s/ NOREEN STEVENS
                                    --------------------------------------------
                                 Name: NOREEN STEVENS
                                      ------------------------------------------
                                 Title: PRESIDENT
                                       -----------------------------------------

                                 YORK REGION e-PROPERTY SERVICES CORPORATION

                                 By: /s/ NOREEN STEVENS
                                    --------------------------------------------
                                 Name: NOREEN STEVENS
                                      ------------------------------------------
                                 Title: PRESIDENT
                                       -----------------------------------------

<PAGE>   27

                                                                             20.

                                   ARTICLE 12
                                   EXECUTION

SECTION 12.1 - EXECUTION

               IN WITNESS WHEREOF the parties hereto have caused their corporate
seals to be affixed under the hands of their proper officers duly authorized in
that behalf.

                                 PLANET TODAY INC.

                                 By: /s/ NOREEN STEVENS
                                    --------------------------------------------
                                 Name: NOREEN STEVENS
                                      ------------------------------------------
                                 Title: SECRETARY
                                       -----------------------------------------

                                 YORK REGION e-PROPERTY LIMITED
                                 PARTNERSHIP, BY ITS GENERAL PARTNER YORK REGION
                                 e-PROPERTY SERVICES CORPORATION

                                 By: /s/ NOREEN STEVENS
                                    --------------------------------------------
                                 Name: NOREEN STEVENS
                                      ------------------------------------------
                                 Title: PRESIDENT
                                       -----------------------------------------

                                 YORK REGION e-PROPERTY SERVICES CORPORATION

                                 By: /s/ NOREEN STEVENS
                                    --------------------------------------------
                                 Name: NOREEN STEVENS
                                      ------------------------------------------
                                 Title: PRESIDENT
                                       -----------------------------------------<PAGE>   1

                                                                    EXHIBIT 10.4

                 TECHNOLOGY ACCESS LICENSE AND SUPPORT SERVICES
                                    AGREEMENT

THIS AGREEMENT is made as of the 31st day of December, 1998

BETWEEN:

YORK REGION E-PROPERTY LIMITED PARTNERSHIP, a limited partnership registered
under the laws of the Province of Ontario (hereinafter called the
"Partnership");

AND:

PLANET TODAY INC., a company incorporated under the laws of Canada (hereinafter
called "Licensor");

WHEREAS:

A.    Licensor is in the business of providing access licenses to certain
      computer software known as the e-Property Technology; and

B.    the Partnership has agreed to acquire from Licensor a technology access
      license and support services to the e-Property Technology on the terms and
      conditions set out herein.

NOW THEREFORE THIS AGREEMENT WITNESSETH in consideration of the mutual
covenants contained herein and other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the parties agree as
follows:

I. INTERPRETATION

1.1. DEFINITIONS

In this Agreement, the following terms shall have the following respective
meanings, unless otherwise provided, and the singular or plural of such terms
shall have corresponding meanings:

"ACCESS RIGHTS" means the access rights that the Partnership obtains to the
e-Property Technology as set out in Schedule B;

"AREA" shall have the meaning set out in the Access Rights.

"CONFIGURATION" means third party software, computers, other equipment,
communications and other services and their set up, layout, interconnection,
operating environment and operating procedures;

"E-PROPERTY TECHNOLOGY" means the computer-based software system and facility
owned or licenced by the Licensor called "e-Property(TM)", the functional
specifications for which are described in Schedule A;

"INTELLECTUAL PROPERTY RIGHTS" means patents, trade marks, service marks,
registered designs, applications for any of the foregoing, copyright, know-how,
trade secrets, confidential information, trade or business names and any other
similar protected right in any country;

"LICENSE" means a restricted, non-exclusive, non-transferable license to the
Access Rights, without the right to sublicense;

"SUPPORT SERVICES" means the support services to be provided by Licensor
pursuant to Schedule D;

<PAGE>   2

"SYSTEM SPECIFICATIONS" are as set out in Schedule A;

"TRADE-MARKS" means the trade-marks that Licensor will license to the
Partnership in connection with the Licence as set out in Schedule E; and

"TRADE-MARKS LICENSE" shall have the meaning set out in Section 6.l.

1.2. SCHEDULES

The following schedules are incorporated into this Agreement and the contents
thereof form part of this Agreement:

SCHEDULE A               e-Property Technology Specifications

SCHEDULE B               Access Rights

SCHEDULE C               License and Support Services Fees

SCHEDULE D               Support Services

SCHEDULE E               Trade-marks

2. LICENSE GRANT

2.1. LICENSE

In consideration of the payment of the license fee set out in Schedule C hereto,
Licensor hereby grants to the Partnership a License on the terms and conditions
contained in this Agreement.

2.2. TERM

The initial term of the Licence is for ten years, subject to the Partnership's
right to extend the term thereof for two additional terms of five years each
for no additional license fee.

2.3. DELIVERY

Licensor shall use its best efforts to provide the Access Rights to the
Partnership within thirty days of the execution of this Agreement so long as the
Partnership is not in default of any payment due to Licensor in accordance with
this Agreement.

3. PAYMENT TERMS

3.1. PAYMENTS AND OTHER CHARGES

The Partnership shall pay to Licensor the fees described in Schedule C. All
invoices are payable net 30 days. Prices and fees outlined in this Agreement do
not include goods and services tax or other taxes, levies, duties or charges
imposed by local, provincial, federal or other government authorities.

3.2. SALES AND OTHER TAXES

The Partnership shall pay any and all applicable federal, provincial or local
sales, use, property and/or value added taxes, excluding any taxes payable on
Licensor's income, required by law immediately upon receipt of an invoice from
Licensor or any earlier demand by any taxing authority therefore.

<PAGE>   3

3.3. LATE PAYMENT CHARGE

The Partnership is obliged to pay to Licensor the invoiced amount within thirty
(30) days of receipt of an invoice from Licensor. The Partnership will be levied
a late payment charge of up to 1.5% per month (18% per annum) on amounts overdue
by more than thirty (30) days of the date of receipt of an invoice from
Licensor.

4. SUPPORT SERVICES

4.1 SUPPORT SERVICES

Licensor shall provide Support Services to the Partnership in consideration of
the Support Services fee set out in Schedule C.

4.2 SUBCONTRACTING OF SUPPORT SERVICES

The Partnership acknowledges that Licensor hereby reserves the right to
subcontract the Support Services to third parties.

5. WARRANTIES

5.1. LICENSOR WARRANTIES

Licensor hereby warrants to the Partnership as follows:

(a)   Licensor has full right and authority to grant the License;

(b)   in the course of carrying out any provision of this Agreement, neither
      Licensor nor any person for whom Licensor is responsible has taken or
      shall take any action that results or would result in an infringement of
      any copyrights, patents, trade-marks, trade secrets or other rights or
      interests of any other person or result in a violation of any instrument
      or agreement to which Licensor or any such person is bound; and

(c)   the provision of the License hereunder shall be in compliance with all
      laws and regulations applicable to Licensor.

5.2. LICENSOR WARRANTIES

Licensor hereby warrants to the Partnership as follows:

(a)   the provision of the Support Services hereunder shall be in compliance
      with all laws and regulations applicable to Licensor; and

(b)   Licensor has full right and authority to grant the Trade-marks License.

5.3. NO OTHER WARRANTIES

LICENSOR DISCLAIMS ALL OTHER WARRANTIES OR CONDITIONS, EITHER EXPRESSED OR
IMPLIED, INCLUDING BUT NOT LIMITED TO THE IMPLIED WARRANTIES OR CONDITIONS OF
MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, WITH RESPECT TO THE
LICENSE, THE TRADE-MARKS LICENSE AND SUPPORT SERVICES. LICENSOR DOES NOT WARRANT
THAT THE LICENSE OR THE TRADE-MARKS LICENSE OR THE SUPPORT SERVICES WILL SATISFY
THE PARTNERSHIP'S REQUIREMENTS OR THAT EACH OF THE LICENSE, TRADE-MARKS LICENSE
AND SUPPORT SERVICES IS WITHOUT DEFECT OR ERROR OR THAT THE PARTNERSHIP'S USE OF
THE LICENSE OR SUPPORT SERVICES WILL

<PAGE>   4

BE UNINTERRUPTED. LICENSOR DOES NOT REPRESENT OR WARRANT THAT THE LICENSE OR
SUPPORT SERVICES IS YEAR 2000 COMPLIANT.

6. INTELLECTUAL PROPERTY RIGHTS

6.1. USE OF TRADE-MARKS

Licensor hereby grants the Partnership a non-exclusive right to use the
Trade-marks in the Area for the purpose of marketing the Partnership's services
("Trade-marks License"). The Partnership agrees to use the style and format
specified by Licensor, as amended from time to time, and in accordance with
Licensor's specifications and guidelines for the use of the Trade-marks. The
Partnership shall not alter, obscure, remove, interfere with or add to any
of the Trade-marks, markings, trade names, copyright or other notices without
the prior written approval of Licensor, which approval shall be in Licensor's
sole discretion.

6.2. IDENTIFIERS

Partnership shall not alter, obscure, remove, interfere with or add to any of
the trade-marks, markings, trade names, copyright or other notices that are
accessible pursuant to the License without the prior written approval of
Licensor, which approval shall be at the Licensor's sole discretion.

6.3. INTELLECTUAL PROPERTY RIGHTS

All Intellectual Property Rights in or relating to: (a) the License are and
shall remain the property of Licensor, its affiliates, and third party
licensors; (b) the Trade-marks License are and shall remain the property of
Licensor and its affiliates. The Partnership acknowledges and agrees that the
License grants access to copyrighted material, trade secrets and other
proprietary material of Licensor, its affiliates and third party licensors. The
Partnership shall immediately notify Licensor if the Partnership becomes aware
of any illegal or unauthorized use of: (a) the License or any of the
Intellectual Property Rights therein or relating thereto; and (b) the
Trade-marks License or any of the Intellectual Property Rights therein or
relating thereto. The provisions of this section shall survive the termination
of this Agreement.

Partnership acknowledges that the e-Property Technology is unique and has
particular value as proprietary information, the unauthorized use or disclosure
of which cannot be reasonably or adequately compensated in damages alone. In
addition to any and all remedies available at law, the Partnership agrees that
Licensor and/or Licensor shall also be entitled to equitable relief, including
injunction and specific performance in the event of any breach of this
Agreement.

6.4. LICENSOR'S COPYRIGHT INDEMNITY

Licensor will defend or settle at its own expense any action brought against the
Partnership to the extent that it is based on a claim that the e-Property
Technology supplied by Licensor infringes any third party's copyright and will
pay any costs and damages finally awarded against the Partnership in any such
action which are attributable to any such claim or incurred by the Partnership
through settlement of such claim. However, such defence and payments are subject
to the conditions that:

      (a)   Licensor will be notified promptly in writing by the Partnership of
            any such claim;

      (b)   Licensor will have sole control of the defence and all negotiations
            for any settlement or compromise;

      (c)   the Partnership will reasonably assist Licensor in the defence of
            any such claim; and

      (d)   should the e-Property Technology become (or in Licensor's opinion be
            likely to become) the subject of any such claim, the Partnership
            will permit Licensor, at Licensor's option and expense, to: (i)
            procure for the Partnership the right to continue having the Access
<PAGE>   5
             Rights: or (ii) replace or modify the e-Property Technology so
             that it becomes noninfringing while providing functionally
             equivalent performance; or (iii) grant the Partnership a refund of
             the price paid for the Licence as depreciated. Such depreciation
             will be an equal amount per month over a five year period for the
             e-Property Technology based on Canadian generally accepted
             accounting practice.

      Licensor will have no liability to the Partnership under any provision of
      this Agreement with respect to any claim of copyright infringement which
      is based: (a) upon the combination of the e-Property Technology with any
      other product, data or program not furnished or approved by Licensors; or
      (b) upon the misuse of the Access Rights by the Partnership or any third
      parties.

              6.5.CONFIDENTIALITY

              (a)   None of the parties shall disclose, divulge or communicate
                    to any person:

                    (i)    any confidential information concerning the
                           e-Property Technology; or

                    (ii)   any of the terms of this Agreement;

                    other than: (a) those whose position requires the same,
                    including persons requiring such information in the course
                    of its business: (b) as permitted or contemplated by this
                    Agreement; (c) with the written authority of the other
                    party: or (d) as may be required by law.

             (b)    Each party shall use its best efforts to prevent the
                    unauthorized publication or disclosure of any such
                    information or documents.

             (c)    Each party shall ensure that its employees are and any
                    person to whom such information or documents are disclosed
                    is aware of and comply with the confidentiality and
                    non-disclosure provisions contained in this Agreement.

             (d)    If either party becomes aware of any breach of confidence by
                    any of its employees it shall promptly notify the other
                    party and give the other party all reasonable assistance in
                    connection with any proceedings which the other party may
                    institute against any such employees and any persons to whom
                    disclosure has been made.

             (e)    The provisions hereof shall survive the termination of this
                    Agreement.

             (f)    The restrictions contained in subsection (a) (i) shall cease
                    to apply to any information which comes into the public
                    domain other than through unauthorized disclosure by the
                    receiving party or its employees.

             7. TERM AND TERMINATION

             7.1. TERM

             This Agreement, the License and Trade-marks License granted
             hereunder shall continue in full force and effect until terminated
             in accordance with the terms and conditions of this Agreement.

             7.2. TERMINATION

             This Agreement, the License and the Trade-marks License granted
             hereunder may be terminated upon the happening of any of the
             following events:

             (a)    if the Partnership fails to fulfill any of its payment
                    obligations and the Partnership fails to cure such payment
                    default within seven (7) days of receiving written notice of
                    its default:

<PAGE>   6
             (b)    if the Partnership breaches any of the terms and conditions
                    of this Agreement and the Partnership fails to cure such
                    material breach within five (5) days of receiving written
                    notice of its default; and

             (c)    upon the occurrence of any of the following events of
                    default and the Partnership fails to cure such event of
                    default within thirty (30) days:

                    (i)    if the Partnership, other than in connection with a
                           bona fide reorganization, is wound up, dissolved,
                           liquidated or becomes subject to the provisions of
                           the Winding Up Act (Canada) or has its existence
                           terminated unless such existence is immediately
                           reinstated or has any resolution passed therefor or
                           makes a general assignment for the benefit of its
                           creditors or a proposal under the Bankruptcy and
                           Insolvency Act (Canada) or is adjudged bankrupt or
                           insolvent; or if it proposes a compromise or
                           arrangement under the Companies' Creditors
                           Arrangement Act (Canada) or files any petition or
                           answer seeking any reorganization, arrangement,
                           composition, re-adjustment, liquidation, or similar
                           relief for itself under any present or future law
                           relating to bankruptcy, insolvency, or other relief
                           for or against debtors generally; or

                    (ii)   if a court of competent jurisdiction enters an order,
                           judgment or decree approving a petition filed with
                           respect to the Partnership seeking any
                           reorganization, arrangement, composition,
                           re-adjustment, liquidation, dissolution, winding up,
                           termination of existence, declaration of bankruptcy
                           or insolvency or similar relief under any present or
                           future law relating to bankruptcy, insolvency or
                           other relief for or against debtors generally, or if
                           any trustee in bankruptcy, receiver, liquidator, or
                           any other officer with similar powers is appointed,
                           whether privately or judicially, with the consent or
                           acquiescence of the Partnership: or

                    (iii)  if the Partnership shall be or become insolvent.

             7.4. EFFECT OF TERMINATION

             Upon termination of the Agreement, all the rights and obligations
             of the parties under this Agreement with respect to the License and
             the Trade-marks License shall automatically terminate, except for:

             (a)    payments owing by the Partnership to Licensor pursuant to
                    this Agreement; or

             (b)    such rights of action as shall have accrued prior to such
                    termination and any obligations which expressly or by
                    implication are intended to come into or continue in force.

             Partnership shall at its own expense forthwith return to Licensor,
             or otherwise dispose of as Licensor may instruct all technical and
             promotional materials and other documents and papers  whatsoever in
             the possession or control of the Partnership and relating to the
             License or the business of Licensor (other than correspondence
             between the parties) and all property of Licensor in the
             Partnership's possession or under its control.

             8. LIMITATION OF LIABILITY

             LICENSOR SHALL NOT BE LIABLE FOR ANY SPECIAL, INDIRECT, INCIDENTAL
             OR CONSEQUENTIAL DAMAGES, WHETHER BASED ON CONTRACT, TORT OR ANY
             OTHER LEGAL AUTHORITY INCLUDING, BUT NOT LIMITED TO, LOSSES OR
             LIABILITIES FOR THE FAILURE OF THE LICENSE, LOSS OF BUSINESS
             PROFITS, BUSINESS INTERRUPTION, LOSS OF BUSINESS INFORMATION OR
             OTHER PECUNIARY LOSS, ARISING OUT OF THE USE OF OR INABILITY TO
             USE THE LICENSE, THE TRADE-MARKS LICENSE OR THE SUPPORT SERVICES,
             WHETHER OR NOT LICENSOR HAS BEEN ADVISED OF THE POSSIBILITY OF ANY
             SUCH DAMAGES. LICENSOR'S ENTIRE LIABILITY AND PARTNERSHIP'S SOLE
             REMEDY FOR ALL DAMAGES WITH RESPECT TO THE LICENSE AND THE
             TRADE-MARKS LICENSE ACQUIRED BY PARTNERSHIP OR

<PAGE>   7

THE PROVISION OF SUPPORT SERVICES SHALL BE LIMITED TO DIRECT DAMAGES SUFFERED BY
PARTNERSHIP WHICH SHALL NOT, IN ANY EVENT, EXCEED THE TOTAL OF ALL AMOUNTS PAID
BY PARTNERSHIP IN THE PREVIOUS 12 MONTHS FOR THE LICENSE OR SUPPORT SERVICES, AS
APPLICABLE.

9.   GENERAL

9.1. FURTHER ASSURANCES

The parties shall execute such further documents and do such further things as
may be necessary to implement and carry out the intent of this Agreement.

9.2. ENTIRE AGREEMENT

This Agreement and documents contemplated hereby to be attached to this
Agreement constitute the entire agreement between the parties and supersede and
replace all previous expectations, understandings, communications,
representations and agreements whether verbal or written between the parties
with respect to the subject matter hereof.

9.3 SEVERABILITY

If any part of this Agreement is unenforceable or invalid for any reason
whatsoever, such part shall be severable from the remainder of this Agreement
and its unenforceability or invalidity shall not affect the enforceability or
validity of the remaining parts of this Agreement.

9.4. AMENDMENTS

This Agreement may only be modified or amended in writing duly executed by both
parties.

9.5. NOTICES

Every notice and every document or copy of a document required or permitted to
be given or delivered hereunder shall be given in writing and delivered by
facsimile transmission followed immediately by: a) registered mail: or b) sent
by courier, addressed to the respective party or parties as identified in the
form following, or to such other address as one party may advise the other in
writing from time to time, and shall be delivered to such address. Any such
notice shall be deemed to have been given at the time of delivery.

                   PARTNERSHIP:    YORK REGION E-PROPERTY LIMITED
                                   PARTNERSHIP
                                   Attn: e-Property Services Corporation
                                   Suite 302
                                   1091 Gorham Street
                                   Newmarket, Ontario
                                   L3Y 7V1

                     Attention:    President
                        Fax No:    (905) 853-7214

<PAGE>   8

                      LICENSOR:    PLANET TODAY INC
                                   Suite 302
                                   1091 Gorham Street
                                   Newmarket, Ontario
                                   L3Y 7V1

                     Attention:    President
                       Fax No.:    (905) 853-7214

9.6. TIME OF ESSENCE

Time shall be of the essence hereof.

9.7. GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws in
effect in the Province of Ontario.

9.8. HEADINGS

The headings in this Agreement and the division of this Agreement into sections
are for convenience of reference only and form no part of this Agreement.

9.9. ENUREMENT AND ASSIGNMENT

Partnership may not assign this Agreement or assign or sub-license any rights
hereunder without the prior written consent of Licensor, which consent may be
withheld, in its sole and absolute discretion. Licensor may assign this
Agreement to an affiliate and/or may assign the payment obligation to a third
party. This Agreement shall enure to the benefit of and shall be binding upon
the parties and their respective permitted assigns and successors.

9.10. ARBITRATION

In the event of any difference or dispute arising under this Agreement, the
disputing party shall give written notice of such dispute (the "Dispute Notice")
to the other party, setting out reasonable details of the dispute. Failing
settlement of the dispute by Licensor and the Partnership within 30 days after
the giving of the Dispute Notice, the dispute shall be determined by a single
arbitrator in accordance with the Arbitrations Act, 1991 (Ontario) as amended
from time to time. All awards pronounced by an arbitrator appointed in respect
of any dispute shall be reasoned awards in writing and shall immediately be
delivered to Licensor and the Partnership. All such awards shall be binding on
Licensor and the Partnership and no appeal from any award shall be allowed or
permitted unless the party appealing shall commence appeal proceedings in a
court of competent jurisdiction within 30 days after the award appealed from is
pronounced. The costs of any arbitration and court proceedings shall be in the
discretion of the arbitrator and, if the arbitration award is appealed, the
court.

9.11. WAIVERS

The waiver by a party of any of its rights hereunder or of the performance by
the other party of any of its obligations hereunder shall be without prejudice
to all other rights of the party and shall not be considered a waiver of any
other right or, in any other instance, of the rights so waived or a waiver of
performance by the other party of any of its obligations hereunder or of the
performance, in any other instance, of the obligations as waived. No waiver on
behalf of a party shall be effective or binding upon it unless made in writing.

<PAGE>   9

9.12. FORCE MAJEURE

Neither party shall be liable for any delay in performing any of its obligations
hereunder (other than financial obligations) if such delay is caused by
circumstances beyond the reasonable control of the party so delaying and such
party shall be entitled to a reasonable extension of time for the performance of
its obligations.

9.13 CURRENCY

Unless otherwise indicated, all dollar amounts referred to in this Agreement are
in Canadian funds.

IN WITNESS WHEREOF the parties have executed this Agreement as of the date set
forth above.

                               YORK REGION E-PROPERTY LIMITED PARTNERSHIP BY ITS
                               GENERAL PARTNER, E-PROPERTY SERVICES CORPORATION

                               By:  [SIG]
                                  -------------------------
                                  Name: NOREEN M. STEVENS
                                  Title: Pres

                               PLANET TODAY INC.

                               By: [SIG]
                                  -------------------------
                                  Name: NOREEN STEVENS
                                  Title: Secretary

<PAGE>   10

                                  SCHEDULE "A"

                      e-PROPERTY TECHNOLOGY SPECIFICATIONS

The e-Property Technology can be described generally as a shared electronic
platform that is capable of hosting a full range of interactive services,
including collaborative information and file sharing, e-commerce and e-business
transactions, relationship-building, permission marketing and messaging between
individuals, groups, business, governments and associations. It is based on
commercial intranet/extranet models used by corporations to enhance business
activities at local levels by servicing e-commerce, e-business, and information
technology needs of local or regional businesses, governments and organizations.
The e-Property Technology provides a simple and low-cost method for publishing,
sharing, co-editing, integrating, transacting, collecting and messaging
information. This information can include content distributed from a central
location downward, or data collected locally and channeled into a central
database. In terms of an information utility, the flow information is inherently
bi-directional.

The e-Property Technology consists of a custom designed Lotus Notes(TM)/
Domino(TM)(being registered trademarks of IBM) software application and has
embedded within it IBM's Community Point(TM)(being a registered trademark of
IBM), a Lotus Notes(TM)/Domino(TM) based system designed for use by
municipalities in Europe, pursuant to a licensing agreement between Licensor and
IBM. The e-Property Technology also consists, in general terms, of methodologies
and practices related to the generation of revenues through the delivery of
interactive services. The hardware component of the e-Property Technology
consists of a remote Internet server (owned by Planet Today and hosted by IBM)
and several local IBM "production terminals" configured with internet
connections and IBM's Lotus(TM) client software. To interface with the
e-Property Technology, end-users require only a personal computer with web
browser software capable of connecting to the Internet.

<PAGE>   11

                                  SCHEDULE "B"

                                  ACCESS RIGHTS

Access Rights consist of the right of the Partnership to use the licence rights
to the e-Property Technology, the Trade Marks and other Applications granted
herein within the following area:

The area comprising (i) The Town of Newmarket, which, for greater certainty
comprises, among other areas. The Town of East Gwillimbury and The Town of
Georgina, and (ii) The Town of Aurora, which, for greater certainty comprises,
among other areas, The Township of King.

Pursuant to a Supplementary Indenture, the Partnership will be able to acquire
licence rights as granted hereunder upon payment of the appropriate fees for the
following area:

       (i)    The area comprising The Town of Richmond Hill;

       (ii)   The area comprising The Town of Markham and The Town of
              Whitchurch-Stouffville; or

       (iii)  The area comprising The City of Vaughan.

<PAGE>   12

                                  SCHEDULE "C"

                        LICENSE AND SUPPORT SERVICES FEES

LICENCE FEE:

The Partnership shall pay to Licensor a licence fee of $337,500 per Area to
acquire the License for use and application within one or more of the Areas. The
licence fee shall be payable upon the execution and delivery of the Agreement as
follows:

       (i)    1.28% of the licence fee shall be payable in cash;

       (ii)   98.72% of the licence fee shall be payable by the assignment and
              transfer by the Partnership to Licensor on a non-recourse basis
              pursuant to the terms of the Assignment of Promissory Notes
              Agreement executed between the Partnership, Licensor and
              Licensor.

SUPPORT SERVICES FEE:

Partnership to be invoiced support services fee from time to time by Licensor.

<PAGE>   13

                                  SCHEDULE "D"

                                SUPPORT SERVICES

Support services to be provided by Licensor to Partnership shall be negotiated
and agreed to in writing from time to time.

<PAGE>   14

                                  SCHEDULE "E"

                                   TRADE-MARKS

Please see attached.

<PAGE>   15

                                  SCHEDULE "E"

                                   TRADE-MARKS

1.                              [e-PROPERTY LOGO]

2.
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