Document:

Exhibit 10.15

                              SETTLEMENT AGREEMENT

     SETTLEMENT AGREEMENT dated as of November 30, 1998 by and between
International Purchasing Services, Inc., a corporation with a principal place of
business at 145 Oser Avenue, Hauppauge, New York 11788 (hereinafter, "IPS"),
Richard J. Goodhart, residing at 99 Aspen Drive, East Woodbury, New York 11797
(hereinafter, "Goodhart"), Accident Prevention Plus, Inc., a corporation with a
principal place of business at 145 Oser Avenue, Hauppauge, New York 11788,
(successor in interest to Accident Prevention Plus, LLC) (hereinafter, "APP")
and The Bank of Smithtown, a New York state banking corporation with a principal
place of business at One Main Street, Smithtown, New York 11787 (hereinafter,
the "Bank").

                              W I T N E S S E T H:

     WHEREAS, IPS is in default under a certain note made payable to the Bank on
April 13, 1995 in the sum of $100,000.00 and guaranteed by the Small Business
Administration (hereinafter, the "SBA Note"); and

     WHEREAS, IPS is also in default under a certain note made payable to the
Bank on December 24, 1996 in the sum of $500,000.00 (hereinafter, the "BOS
Note"); and

     WHEREAS, Goodhart executed a certain guarantee on or about March 31, 1995
pursuant to which he unconditionally guaranteed to the Bank the payment of all
debts of IPS then existing or thereinafter incurred; and

     WHEREAS, Goodhart also executed agreements with the Bank pursuant to which
he pledged his stock in IPS and his member interest in APP, LLC as additional
security `for the aforesaid debts; and

     WHEREAS, IPS and APP, LLC are in the process of merging into APP; and

<PAGE>

     WHEREAS, the Bank has commenced an action against IPS and Goodhart, in
Supreme Court, Suffolk County, titled The Bank of Smithtown v. International
Purchasing Services Inc. and Richard J. Goodhart under Index No. 98-17280,
which said suit seeks a judgment against IPS and Goodhart for the entire balance
due under aforesaid notes together with interest and counsel fees; and

     WHEREAS, the parties hereto are desirous of settling their differences and
discontinuing the aforesaid litigation on the terms hereinafter set forth.

     NOW THEREFORE, in consideration of ten ($10.00) dollars and the mutual
covenants contained herein, the parties hereto agree as follows: -

     1. THE PAYMENTS TO BE MADE BY IPS

     IPS agrees to make the following three payments by check or wire transfer
to The Bank of Smithtown at its main office at One Main Street, Smithtown, New
York 11787:

          1st payment           $23,207.90        on or before November 6, 1998
          2nd payment           $20,000.00        on or before November 30, 1998
          3rd payment           $16,792.10        on or before March 1, 1999

     2. THE APP NOTE AND THE GOODHART NOTE

          a) APP shall execute a note (hereinafter, the "APP Note") in favor of
the Bank in the amount of $500,000.00. The interest rate on the APP Note shall
be the prime rate as published in the Wall Street Journal plus two (2%) percent
adjusted as and when the prime rate changes. The APP Note shall be paid at the
rate of $5,000.00 per month during the first year, $10,000.00 per month during
the second year and $15,000.00 per month during the third year. At the end of
the third year, the entire principal balance remaining unpaid together with any
accrued interest shall be due and payable. The APP Note shall be in the form
attached hereto as Exhibit "A".

          b) Goodhart shall execute a note (hereinafter, the "Goodhart Note") in
favor of the Bank in the amount of %60,619.84 which shall bear interest at the
rate of 9% and mature in one year. Goodhart shall execute a Confession of
Judgment to secure his performance under said note. The Bank shall only enter
judgment by confession if Goodhart is in default under the Goodhart Note and has
failed to cure within seven (7) days as provided for herein and, in such event,
the Bank will give Goodhart credit for any amounts paid under the Goodhart Note.

                                      - 2 -
<PAGE>

          c) Upon execution of the APP Note and the Goodhart Note, the BOS Note
shall be cancelled and returned to IPS.

     3. THE GUARANTEE OF GOODHART AND IPS AND THE SECURITY AGREEMENT

          Goodhart and IPS shall each guarantee payment of the APP Note and SBA
Note by executing a Continuing Guarantee of all Liability, in the form attached
as Exhibit "B", in favor of the Bank of Smithtown.

          As collateral for the aforesaid guarantees, Goodhart shall pledge to
the Bank all shares of APP he now owns or hereafter acquires while the SBA Note
and BOS Note are outstanding. Said shares shall be held pursuant to the terms of
a Hypothecation Agreement and a Security Agreement, which shall be executed by
Goodhart in the form attached as Exhibit "C".

          Goodhart shall execute one or more Form UCC-l's thereby enabling the
Bank to perfect a security interest in the APP shares, and deliver to the Bank
stock certificates representing all shares together with stock powers duly
endorsed in blank. Said stock and stock powers shall be held -by the Bank
pursuant to the terms of the Security Agreement.

          In exchange for the pledge of APP stock pursuant to the terms of the
Security Agreement, the Bank shall release the pledge of IPS stock and
Goodhart's member interest in APP, LLC and return the security agreements and/or
pledge agreements appurtenant thereto.

          In the event of a default under the SBA Note and/or BOE Note, APP
shall have the right, for a period of thirty (30) days after receipt of notice
of such default, to repurchase Goodhart's APP shares from the Bank by paying the
Bank the entire balance due under both notes, including principal, interest and
late fees. Notwithstanding, APP must advise the Bank of its desire to purchase
said shares within ten (10) days after receipt of notice of default.

     4. THE APPLICATION OF PAYMENTS

          The Bank shall apply the 1st payment of $23,207.90 to all the interest
and principal in arrears and late charges on the SBA Note in order to make that
loan current.

          The 2nd payment of $20,000.00 shall be applied to the payments due
under the APP Note for the months of January 1, 1999, February 1, 1999 and March
1, 1999 to the extent of $15,000.00. The

                                     - 3 -
<PAGE>

balance of that payment in the amount of $5,000.00 shall be paid to the firm of
Pinks & Arbeit to cover the legal fees in connection with this settlement.

          The 3rd payment of $16,792.10 shall be applied to the principal of the
Goodhart Note.

     5. AGREEMENT TO KEEP PAYMENTS CURRENT

          IPS, APP, and Goodhart agree to make all payments due hereunder and
under the SBA Note, APP Note and Goodhart Note, as and when the same shall
become due. Any payment not paid when due shall constitute an event of default
(hereinafter, "Event of Default"). Upon the occurrence of an Event of Default,
the Bank shall serve notice of such Event of Default as provided for in
paragraph twelve (12). The Bank shall be entitled to exercise all remedies
referred to in the note or notes which are in default and all guarantees and
security agreements appurtenant thereto. Upon the occurrence of an Event of
Default with respect to any payment due in accordance with paragraphs 1 or 2(b),
APP shall have a period of seven (7) days after receipt of such notice of
default to cure said default, and the Bank shall not take any action against any
party hereto for a failure to make timely payment of the amounts set forth in
paragraph 1 and 2(b) hereof until the expiration of seven (7) days after receipt
of written notice of default.

     6. CONDITIONS TO CLOSING

          The Bank's obligation to close hereunder shall be conditioned upon
production to the Bank of the following documents no less than thirty (30) days
after the closing:

          a. Goodhart. Personal Financial Statement.

          b. Financial Statements for IPS and APP, LLC for the years 1996 and
1997.

          c. Proof of Goodhart's IRA Account with a balance of at least sixty
thousand ($60,000.00) dollars.

          d. Proof that IPS is in possession of a Power of Attorney to collect a
receivable in India.

          e. Proof that APP, LLC has a five million ($5,000,000.00) dollar
non--exclusive distribution agreement with American Overseas Corporation.

          f. A copy of the certificate of incorporation for APP together with
filing receipt and a certificate of the Secretary of APP attesting to the fact
that the transactions referred to herein, in so far as they pertain

                                     - 4 -
<PAGE>

to APP, have been approved by the Board of directors of APP, together with a
copy of the Board Minutes or Consent approving same.

          In the event that all of the foregoing documentation is not supplied
to the Bank on or before December 31, 1998, the Bank shall be entitled to
declare this agreement null and void, but shall not be required to return any
payments made hereunder, provided that the Bank shall first give Goodhart
written notice together with a seven (7) day period to cure.

     7. REPRESENTATIONS OF IPS, APP AND GOODHART

          a) IPS represents that the execution of this agreement has been
authorized by its Board of Directors and, as such, represents a duly authorized,
valid and binding obligation of the company and does not contravene any other
agreement to which it is a party.

          b) APP, LLC represents that the execution of this agreement has been
authorized by its Members, and as such, represents a duly authorized, valid and
binding obligation of the company and does not contravene any other agreement to
which it is a party.

          c) APP represents that the execution of this agreement has been
authorized by its Board of Directors, and as such, represents a duly authorized,
valid and binding obligation of the company and does not contravene any other
agreement to whic1~ it is a party. 3,312, 4cio

          d) Goodhart represents that he currently owns, or shortly will own,
approximately 3,328,640 shares of APP which constitute approximately 218%
percent of the issued shares of APE stock.

          e) Goodhart represents at all shares of APP owned by him are owned
free and clear of liens, pledges and encumbrances.

     8. THE CLOSING

          a) Closing hereunder shall be held at the office of The Bank of
Smithtown, One Main Street, Smithtown, New York on November 30, 1998.

          b) At the closing, the following documents shall be executed:

               (i) APP shall execute the APP Note.

               (ii) Goodhart shall execute the Goodhart Note, the Confession of
Judgment, the Continuing Guarantee, the Security

                                     - 5 -
<PAGE>

               (iii) IPS shall execute a Continuing Guarantee.

          c) At the closing, Goodhart shall deliver to the Bank all documents
which he executed pursuant to paragraph 8(b)(ii), as well as, all shares of APP
owned by him. APP shall deliver to the Bank the APP Note, and IPS shall deliver
to the Bank the Continuing Guarantee.

          d) At the closing, the Bank shall cancel the DOS Note, release the
pledge of IPS stock and Goodhart's member interest in APP, LLC and return the
appurtenant security agreements.

     9. DISCONTINUATION OF LITIGATION

          At closing, the parties shall execute a Stipulation Discontinuing the
Action titled The Bank of Smithtown v. International Purchasing Services, Inc.
and Richard J. Goodhart, (Supreme Court, Suffolk County, Index No. 98--17280)
which shall promptly thereafter be filed with the Court Clerk, Supreme Court,
Suffolk County.

     10. CONTINUING COVENANTS

          a) Goodhart shall deliver to the Bank all shares of APP which he
receives (within 7 days of receiving them) while the SBA Note and BOS Note are
outstanding together with stock powers endorsed in blank and Form UCC-l's in
proper form for recording. Said shares shall be free and clear of encumbrances
at the time of delivery and shall be held pursuant to the terms of the Security
Agreement.

          b) APP shall provide quarterly financial statements to the Bank as
long as the APP Note is outstanding.

          All covenants contained in this paragraph 10 shall survive closing.

     11. APPLICABLE LAW

          This agreement shall be construed in accordance with the laws of the
State of New York.

     12. MISCELLANEOUS

          a) Notices. Any notice to be given hereunder shall be sufficient if in
writing and sent by certified mail, return receipt requested, to the intended
party at its respective address first above written, with a copy to its
respective attorney as follows:

                                     - 6 -
<PAGE>

     Tracy L. Klestadt & Associates, attorney for IPS, Goodhart and APP, 99 Park
Avenue, Sixth Floor, New York, New York 10016, Attention Ian R. Winters; Pinks &
Arbeit, attorneys for The Bank of Smithtown, 140 Fell Court, Suite 303,
Hauppauge, New York 11788; or to such other address as any party hereto may
designate by notice to all other parties.

     b) Assignment. The provisions of this agreement are binding upon the heirs,
successors and assigns of the parties hereto.

     c) Waiver of Breach. Waiver by any party of a breach of any provision of
this agreement by another party shall not operate or be construed as a waiver of
any subsequent breach by such other party.

     IN WITNESS WHEREOF, the parties hereto have executed this agreement as of
the day and year first above written.

                                 INTERNATIONAL PURCHASING SERVICES, INC.

                                 by  /s/  Richard Goodhart Pres
                                     -------------------------------------------
                                     RICHARD GOODHART, PRES.

                                     /s/  Richard J. Goodhart
                                     -------------------------------------------
                                     RICHARD J. GOODHART

                                 ACCIDENT PREVENTION PLUS, INC.

                                 by  /s/  Richard Goodhart CEO
                                     -------------------------------------------
                                     RICHARD GOODHART, CEO

                                 THE BANK OF SMITHTOWN

                                 by  /s/  Robert Staron      AVP
                                     -------------------------------------------

0863T
                                     - 7 -

<PAGE>

STATE OF NEW YORK )
                  ) ss.:
COUNTY OF SUFFOLK )

On the 30th day of November, 1998, before me personally came Richard Goodhart to
me known, who, being by me duly sworn, did depose and say that he resides at 99
Aspen Dr. East, Woodbury, NY 11797, that he is the President of International
Purchasing Services, Inc., the Corporation described in and which executed the
foregoing instrument; and that he signed his name by order of the Board of
Directors of said Corporation.

                                           /s/  Robert Staron
                                           -------------------------------------
                                            Notary Public
ROBERT P. STARON
Notary Public, State of New York
No. 4764850
Qualified in Suffolk County
Commission Expires Oct. 31, 2000

STATE OF NEW YORK  )
                   ) ss.:
COUNTRY OF SUFFOLK )

     On the 30th day of November, 1998, before me personally came Richard J.
Goodhart, to me known to be the individual described in and who executed the
foregoing instrument, and acknowledged that he executed the same.

                                          /s/  Robert Staron
                                           -------------------------------------
                                            Notary Public
ROBERT P. STARON
Notary Public, State of New York
No. 4764850
Qualified in Suffolk County
Commission Expires Oct. 31, 2000

STATE OF NEW YORK )
                  ) ss.:
COUNTY OF SUFFOLK )

     On. the 30th day of November, 1998, before me personally came Richard
Goodhart to me known, who, being by me duly sworn did depose and say that he is
the CEO of Accident Corporation described in and instrument; and that he signed
his name by order of the Board of Directors of said Corporation.

                                          /s/  Robert Staron
                                           -------------------------------------
                                            Notary Public
ROBERT P. STARON
Notary Public, State of New York
No. 4764850
Qualified in Suffolk County
Commission Expires Oct. 31, 2000

                                     - 8 -
<PAGE>

STATE OF NEW YORK )
                  ) ss.:
COUNTY OF SUFFOLK )

     On the 30th day of November, 1998, before me personally came Robert Staron
to me known, who, being by me duly sworn, did depose and say that he resides at
____________________ , that he is the Asst. VP of The Bank of Smithtown, the New
York Banking Corporation described in and which executed the foregoing
instrument; and that he signed his name by order of the Board of Directors of
said New York State Banking Corporation.

                                        /s/  Patricia A. Lamb
                                        ----------------------------------------
                                       Notary Public

0863T

PATRICIA A. LAMB
Notary Public, State of New York
No. 01LA5055061
Qualified in Suffolk County
Commission Expires Jan. 29, 2000

                                     - 9 -U.S. Small Business Administration

                                                                 SBA LOAN NUMBER
                                                                 AT 212 264-4321

                                      NOTE

                                                                  Hauppauge, NY
                                                                ----------------
                                                                (City and State)

$500,000.00                                                  (Date)   9/17, 1996

     For value received the undersigned promises to pay to the order of

                              Marine Midland Bank
--------------------------------------------------------------------------------
                                    (Payee)

at its office in the City of Hauppauge,  State of New York

or at holder's option, at such other place as may be designated from time to
time by the holder

               Five Hundred Thousand Dollars and 00/100 dollars,
--------------------------------------------------------------------------------
                               (Write out amount)

with interest on unpaid principal computed form date of each advance to the
undersigned at the rate of P + 2 percent per annum, payment to be made in
installments as follows:

(continued on Schedule A attached hereto and made a part hereof as though fully
set forth herein.)

If this Note contains a fluctuating interest rate, the notice provision is not
a pre-condition for fluctuation (which shall take place regardless of notice).
Payment of any installment of principal or interest owing on this Note may be
made prior to the maturity date thereof without penalty. Borrower shall provide
lender with written notice of intent to prepay part or all of this loan at least
three (3) weeks prior to the anticipated prepayment date. A prepayment is any
payment made ahead of schedule that exceeds twenty (20) percent of the then
outstanding principal balance. If borrower makes a prepayment and fails to give
at least three weeks advance notice of intent to prepay, then, notwithstanding
any other provision to the contrary in this note or other document, borrower
shall be required to pay lender three weeks interest on the unpaid principal as
of the date preceding such prepayment.

                                                                          Page 1

<PAGE>

     The term "Indebtedness" as used herein shall mean the indebtedness
evidenced by this Note, including principal, interest, and expenses, whether
contingent, now due or hereafter to become due and whether heretofore or
contemporaneously herewith or here after contracted. The term "Collateral" as
used in this Note shall mean any funds, guaranties, or other property or rights
therein of nature whatsoever or the proceeds thereof which may have been, are,
or hereafter may be, hypothecated, directly or indirectly by the undersigned or
others, in connection with, or as security for, the Indebtedness or any part
thereof. The Collateral, and each part thereof, shall secure the Indebtedness
and each part thereof. The covenants and conditions set forth or referred to in
any and all in instruments of hypothecation constituting the Collateral are
hereby incorporated in this Note as covenants and conditions of the under signed
wIth the same force and effect as though such covenants and conditions were
fully set forth herein.

     The Indebtedness shall immediately become due and payable, without notice
or demand, upon the appointment of a receiver or liquidator, whether voluntary
or involuntary, for the undersigned or for any of its property, or upon the
filing of a petition by or against the undersigned under the provisions of any
State insolvency law or under the provisions of the Bankruptcy Reform Act of
1978, as amended, or upon the making by the undersigned of an assignment for the
benefit of its creditors. Holder is authorized to declare all or any part of the
Indebtedness immediately due and payable upon the happening of any of the
following events: (1) Failure to pay any part of the Indebtedness when due; (2)
nonperformance by the undersigned of any agreement with, or any condition
imposed by, Holder or Small Business Administration (hereinafter called "SBA"),
with respect to the Indebtedness; (3) Holder's discovery of the undersigned's
failure in any application of the undersigned to Holder or SBA to disclose any
fact deemed by Holder to be material or of the making therein or in any of the
said agreements, or in any affidavit or other documents submitted in connection
with said application or the indebtedness, of any misrepresentation by, on
behalf of, or for the benefit of the undersigned; (4) the reorganization (other
than a reorganization pursuant to any of the provisions of the Bankruptcy Reform
Act of 1978, as amended) or merger or consolidation of the undersigned (or the
making of any agreement therefor) without the prior written consent of Holder;
(5) the undersigned's failure duly to account, to Holder's satisfaction, at such
time or times as Holder may require, for any of the Collateral, or proceeds
thereof, coming into the control of the undersigned; or (6) the institution of
any suit affecting the undersigned deemed by Holder to affect adversely its
interest hereunder in the Collateral or otherwise. Holder's failure to exercise
its rights under this paragraph shall not constitute a waiver thereof.

     Upon the nonpayment of the indebtedness, or any part thereof, when due,
whether by acceleration or otherwise, Holder is empowered to sell, assign, and
deliver the whole or any part of the Collateral at public or private sale,
without demand, advertisement or notice of the time or place of sale or of any
adjournment thereof, which are hereby expressly waived. After deducting all
expenses incidental to or arising from such sale or sales, Holder may apply the
residue of the proceeds thereof to the payment of the indebtedness, as it shall
deem proper, returning the excess, if any, to the undersigned. The undersigned
hereby waives all right of redemption or appraisement whether before or after
sale.

     Holder is further empowered to collect or cause to be collected or
otherwise to be converted into money all or any part of the Collateral, by suit
or otherwise, and to surrender, compromise, release, renew, extend, exchange, or
substitute any item of the Collateral in transactions with the undersigned or
any third party, irrespective of any assignment thereof by the undersigned, and
without prior notice to or consent of the undersigned or any assignee. Whenever
any item of the Collateral shall not be paid when due, or otherwise shall be in
default, whether or not the Indebtedness, or any part thereof, has become due,
Holder shall have the same rights and powers with respect to such item of the
Collateral as are granted in this paragraph in case of nonpayment of the
Indebtedness, or any part thereof, when due. None of the rights, remedies,
privileges, or powers of Holder expressly provided for herein shall be
exclusive, but each of them shall be cumulative with and in addition to every
other right, remedy, privilege, and power now or hereafter existing In favor of
Holder, whether at law or equity, by statute or otherwise.

     The undersigned agrees to take all necessary steps to administer,
supervise, preserve, and protect the Collateral; and regardless of any action
taken by Holder, there shall be no duty upon Holder in this respect. The
undersigned shall pay all expenses of any nature, whether incurred in or out of
court, and whether incurred before or after this Note shall become due at its
maturity date or otherwise, including but not limited to reasonable attorney's
fees and costs, which Holder may deem necessary or proper in connection with the
satisfaction of the Indebtedness or the administration, supervision,
preservation, protection of (including, but not limited to, the maintenance of
adequate insurance) or the realization upon the Collateral. Holder is authorized
to pay at any time and from time to time any or all of such expenses, add the
amount of such payment to the amount of the Indebtedness, and charge interest
thereon at the rate specified herein with respect to the principal amount of
this Note.

                                                                          Page 2

<PAGE>

     The security rights of Holder and its as signs hereunder shall not be
impaired by Holder's sale, hypothecation or rehypothecation of any note of the
undersigned or any item of the Collateral, or by any indulgence, including but
not limited to (a) any renewal, extension, or modification which Holder may
grant with respect to the indebtedness or any part thereof, or (b) any
surrender, compromise, release, renewal, extension, exchange, or substitution
which Holder may grant in respect of the collateral, or (c) any indulgence
granted in respect to any endorser, guarantor, or surety. The purchaser,
assignee, transferee, or pledgee of this Note, the Collateral, and guaranty, and
any other document (or any of them), sold, assigned, transferred, pledged, or
repledged, shall forthwith become vested with and entitled to exercise all the
powers and rights given by this Note and all applications of the undersigned to
Holder or SBA, as if said purchaser, assignee, transferee, or pledgee were
originally named as Payee in this Note and in said application or applications.

     This promissory note is given to secure a loan which SBA is making or in
which it is participating and, pursuant to Part 101 of o the Rules and
Regulations of SBA (13 C.F.R. 101.1(d)), this instrument is to be construed and
(when SBA is the Holder or a party in interest) enforced in accordance with
applicable Federal law.

                                             Accident Prevention Plus; LLC

                                             /s/  Richard Goodhart
                                             -----------------------------------
                                             Richard Goodhart, CEO/Member

                                             /s/  Steven H. Wahrman
                                             -----------------------------------
                                             Steven Wahrman, President/Member

Seal
Attest

--------------------------------------------------------------------------------
     Note. - Corporate applicants must execute Note, in corporate name, by duly
authorized officer, and seal must be affixed and duly attested: partnership
applicants must execute Note in firm name, together with signature of a general
partner.

                                                                          Page 3

<PAGE>

                                 SCHEDULE A                    AT 212 264-4321

Borrower shall pay (from proceeds of financed transactions) 0N DEMAND, or of no
demand, then on or before 1 years from the date of this Note the total principal
amounts advanced by .Lender from time to time, plus interest as herein provided.
No advance shall be made under this Note if, as a result of such advance, the
total principal amount outstanding hereunder would exceed the sum of $500,000.00

THIS IS A VARIABLE INTEREST RATE NOTE. Interest on unpaid principal shall accrue
at the initia1 rate of ten and one quarter percent (1O.25%) per annum. (Lender
is to assure that interest rate on loan is in compliance with Federal and/or
State Usury Laws) (the Lender shall give the Borrower and SBA written notice of
any change in the interest rate of this Note within thirty (30) days after the
effective date of any such change.)

(If the Borrower shall be in default in payment due on the indebtedness herein
and the Small Business Administration (SBA) purchases its guaranteed portion of
said indebtedness, the rate of interest on both the guaranteed and unguaranteed
portion herein shall become fixed at the rate in effect as' of the first date of
uncured default. If the Borrower shall not be in default in payment when SBA.
purchases its guaranteed portion, the rate of interest on both the guaranteed
and unguaranteed portion shall be fixed at the rate in effect as of the date of
purchase by SBA.)

Expiration Date for Final Disbursement 6/15/97 (Lender's last allowable
disbursement date.)

<PAGE>

                              BORROWERS CERTIFICATE

We, Richard Goodhart, CEO/Member and Steven Wahrman, President/Member, certify
to Marine Midland Bank, (Marine) that I am familiar with the representations
made to Marine in the borrower's loan application made pursuant to said
agreement and in support thereof further certify that:

a) All local, State and Federal taxes, including, but not limited to, income
taxes, payroll taxes, real estate taxes, and sales taxes are paid current and
that there are no outstanding liens, judgements or disputes which could
detrimentally affect the financial position of the borrower; and

b) There has been no unremedied adverse change since the date of the
Application, or since any of the preceding disbursements, in the financial or
any other condition of borrower, which would warrant withholding or not making
any such disbursement or any further disbursement; and

c) All information, representations and warranties given to Marine by the
borrower in regard to the requested loan, without limitation, remain true and
accurate.

d) The Borrower is in compliance with all applicable local, State and Federal
environmental laws and regulations, and will continue to comply with all such
laws and regulations in the future.

e) The Borrower agrees, to the extent feasible, to purchase only American-made
equipment and products with the proceeds of this loan.

f) No change should be made in the management or direction of Borrower's affairs
(including, but not limited to, a change in it's officers) or in the ownership
of it's capital stock, which effects a change in the control of any such affairs
without the prior written notice to and written consent from Marine Midland
Bank and the SBA.

g) Borrower hereby agrees that it will not permit the sale, pledge, assignment
and/or transfer of any of its share of stock without the prior written consent
of Marine and the SBA.

h) Applicant has obtained appropriate Federal, State and local permits and
licenses required to conduct its business, and if, incorporated is in good
standing with the state of incorporation and New York State.

i) Borrower agrees not to incur any additional financial obligation without
prior written consent of Marine/SBA.

<PAGE>

j) The recipient is not more than 60 days delinquent under any administrative
order, court order, or repayment agreement between the recipient and the
custodial parent or State Agency providing child support enforcement services
that requires the recipient to pay child support as that term is defined in
Section 462 (b) of the Social Security Act.

k) No principal who owns at least 50% of the voting interest of the company is
delinquent more than 60 days under the terms of any (a) administrative order,
(b) court order or (a) repayment agreement that requires payment of child
support.

We acknowledge that Marine has requested the certification and will rely upon
this certification in disbursing the funds made available 4 to the borrower
under loan number AT 212 264-4321 guaranteed by the - Small Business
Administration.

Certified this 17 day of _____________________, 1996

 Accident Prevention Plus, LLC

BY: /s/  Richard Goodhart C.E.O.
    -----------------------------------------
    Richard Goodhart, CEO/Member

BY: /s/  Steven H. Wahrman
    -----------------------------------------
    Steven Wahrman, President/Member

<PAGE>

FOR ALL QUESTIONS REGARDING THIS LOAN CONTACT: Joseph A. Guorino AT 212 264-4321
 -------------------------------------------------------------------------------

                         SMALL BUSINESS ADMINISTRATION

                                26 Federal Plaza
                                   31st floor
                            New York, New York 10278
                            ------------------------
                                   (Address)

                        AUTHORIZATION AND LOAN AGREEMENT
                        --------------------------------
                                (GUARANTY LOANS)

                                     Guaranty Participation Loan No.: 9417783006

Marine Midland Bank     Attention: J.W. Walters
-----------------------------------------------
(Lender)

One Marine Midland Center
-----------------------------------------------
(Address. include ZIP code)

Buffalo, New York 14203
-----------------------------------------------

Your request dated 7/22/96 for SBA to Guarantee 75% of a 1 year Loan in the
amount of $ 500.009 to be made by Lender to:

                          Accident Prevention Plus, LLC
                          -----------------------------
                         (Name and Address of Borrower)

                          700 Veterans Memorial Highway
                          -----------------------------

                            Hauppauge, New York 11788
                            -------------------------

is hereby approved pursuant to Section 7(a) of the Small Business Act, as
amended.

1. THE FOLLOWING FORMS ARE HEREWITH ENCLOSED:

     (a)  SBA Note (Form 147), to be executed by the Borrower. The original
          executed Note must be retained by you and a copy must be sent to SBA
          immediately after first disbursement, The Guaranty fee of 114% of the
          amount guaranteed ($375,000) shall be paid by the lender within
          fifteen (15) calendar days from the date of this Authorization. The
          Lender may charge the Borrower for such fee only after the Lender has
          paid the fee and an initial disbursement has been made on the Loan.
          The fee may be deducted from loan proceeds.

     (b)  SBA Settlement Sheet, Form 1050, is to be completed and executed by
          Lender and Borrower at first disbursement. Return the original to SBA.

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<PAGE>

     (c)  Compensation Agreement (SBA Form 159) shall be executed by Borrower,
          its representative and Lender and returned to SBA if Borrower has
          employed an attorney, accountant or other representative, or if
          Borrower is charged fees for services by Lender or an associate of
          Lender. If no such fees have been charged, please write "None" and
          return the form, executed by the Lender and Borrower, to SBA.

     (d)  The original copy of this Authorization and documents itemized below,
          if any, shall be executed prior to first disbursement and retained in
          loan file by the Lender. (A copy of the Authorization and all
          documents should be given to the Borrower.)

          Security Agreement.
          Assignment of Proceeds
          UCC-1 (Financing Statement)
          UCC-3 (Lien Check)
          Guaranty
          Personal Guarantees
          Assignment of Life Insurance
          Resolution of Board of Directors

2. THIS AUTHORIZATION IS SUBJECT TO:

     (a)  Provisions of the Guaranty Agreement between lender and SBA.

     (b)  No disbursement of this Loan shall be made beyond the maturity date
          established below, unless such time is extended pursuant to prior
          written consent of SBA.

     (c)  Receipt by Lender of evidence satisfactory to it in its sole
          discretion, that there has been nounremedied adverse change since the
          date of the Lender's Application for Guaranty, or since any of the
          preceding disbursements, In the financial or any other condition of
          Borrower, which would warrant withholding or not making any such
          disbursement or any further disbursement.

     (d)  The representations made by Borrower in the loan application, the
          requirements or conditions set forth in Lender's application form,
          including the supporting documents thereto, the conditions set forth
          hereIn and any future conditions imposed by Lender (with prior SBA
          approval).

     (e)  In the event that a creditor of the Borrower other than the Lender has
          a prior security interest in the export-related inventory and/or
          export receivables to be financed by this Loan, the Lender shall enter
          into a written agreement with the Borrower and other such creditor
          providing for the subordination of such other creditor's security
          interest in the collateral so that the Lender shall have a valid and
          enforceable, first priority security interest in the applicable
          collateral.

3. TERMS OF LOAN:

     (a)  Repayment Term, interest Rate and Maturity.

          (1)  Repayment terms contained in the executed SBA Form 147 Note shall
               conform to the following paragraphs:

               Borrower shall pay (from proceeds of financed transactions) ON
               DEMAND,) or if no demand, then on or before 1 years from the date
               of this Note the total principal amounts advanced by Lender from
               time to time, plus

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<PAGE>

               interest as herein provided. No advance shall be made under this
               Note if, as a result of such advance, the total principal amount
               outstanding hereunder would exceed the sum of $500.000

               THIS IS A VARIABLE INTEREST RATE NOTE. Interest on each principal
               advance shall accrue at the initial rate of ten and one quarter
               percent (10.25%) per annum. (Lender is to assure that interest
               rate on loan is in compliance with Federal and/or State Usury
               Laws). (The Lender shall give the Borrower and SBA written notice
               of any change in the interest rate of this Note within thirty
               (30) days after the effective date of any such change.

               (If the Borrower shall be in default in payment due on the
               indebtedness herein and the Small Business Administration (SBA)
               purchases its guaranteed portion of said Indebtedness, the rate
               of interest on both the guaranteed and unguaranteed portion
               herein shall become fixed at the rate in effect as of the first
               date of uncured default. If the Borrower shall not be in default
               in payment when SBA purchases its guaranteed portion, the rate of
               interest on both the guaranteed and unguaranteed portion shall be
               fixed at the rate in effect as of the date of purchase by SBA.

          (2)  Expiration Date for Final Disbursement 6/15/97 (Lender's last
               allowable disbursement date.)

     (b)  Use of proceeds to be covered by guarantee:

Preshipment Working Capital - Cash amount not to exceed $500,000 disbursed
against acceptable purchase orders to provide working capital for the
acquisition or production of the export goods. Proceeds to be credited to
Borrower's account with Lender.

     (c)  Collateral:

1.   A first priority security Interest In export inventory, accounts receivable
     and the contract rights arising therefrom, now owned and hereafter
     acquired.

2.   The personal guarantees of Richard J. Goodhart & Steven H. Wahrman.

3.   A first security interest in all corporate assets including inventory,
     accounts receivable, machinery, equIpment, furniture, fixtures and
     leasehold Improvements.

4.   Borrower to deliver original letter(s) of credit together with all present
     and future amendments to the Lender with instructions to negotiate same on
     its behalf. Beneficiary to provide an assignment of proceeds to the Lender,
     which will be the basis for the loan disbursements, and the proceeds will
     be applied to the SBA guaranteed loan. All documents submitted, hereunder,
     shall be kept on file by the lender with copies provided to SBA upon
     request.

5.   A copy of the L/C or confirmed purchase order, contract with all
     amendments, if any, must be submitted to the lender for review and
     approval.

6.   The inventory, related to the letters of credit on which disbursements are
     based, as well as the proceeds or receivables resulting from same, are the
     primary collateral for the guaranteed loan.

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<PAGE>

     The proceeds of all letters of credit, now assigned or subsequently
     generated relative to this guarantee, will be assigned to the lender by the
     borrower/beneficiary to be applIed to the SBA guaranteed loan(s).

     Appropriate arrangements will be made to permit such proceeds to come under
     the control of the lender. Final arrangements, for this purpose, between
     the borrower and the lender are subject to approval by SBA.

7.   The proceeds of all export receivables, now assigned or subsequently
     generated relative to this guarantee, will be assigned to the lender to be
     applied to the SBA guaranteed loan(s). Appropriate arrangements will be
     made to permit such proceeds to come under the control of the lender. Final
     arrangements, for this purpose, between the borrower and the lender are
     subject to approval by SBA.

8.   In the case of documentary collection transactions the borrower agrees that
     the lender, or its nominee, will in all cases be used as the U.S.
     remitting bank, and that proceeds of such present and future collectIons
     will be assigned to the lender to be applied to the SBA guaranteed loan.

9.   Evidence of an acceptable EXIMBANK credit insurance policy providing
     insurance on the exporter covering the type of goods or services shipped to
     named buyers and countries, in sufficIent dollar amount, for the stated
     purposes and requirements of this loan guarantee. The borrower must assign
     all claim proceeds to the lender and/or designate the lender as the loss
     payee under said policy. See Special Conditions for details.

10.  A letter issued and signed by borrower stating that a validated license is
     not required and citing the reliable authority for such statement, together
     with prior experience on identical product if available.

11.  Disbursements may be made for up to 8O% of acceptable and valid letters of
     credit of similar quality, terms and conditions to those provided for the
     initial disbursement. At all times, the cumulative value of such unshipped
     letters of credit must represent a sum that equals or exceeds 120% of the
     loan outstanding.

     Should the loan outstanding exceed these limits for any reason, including
     the expiration of the validity date of a letter of credit, after a fifteen
     (15) day grace period to cure invalIdity situations the sum representing
     the excess outstanding loan will become due as of that date.

12.  The borrower must be required to secure all of the documentation necessary
     to establish an enforceable obligation against the buyer. This includes,
     but is not limited to, a formal purchase order, bills of lading and/or
     other necessary transportation documents, and a commercial invoice.

13.  The Borrower must agree no new credit facilities will b established or
     major debt restructured; capital investment made; accelerated payment of
     existing debt; bulk sale of assets; increases in salaries of policy level
     management; payments of principal outstanding under any loans, either now
     or hereafter existing; made between a stockholder end the borrower; or
     principal payment on any debt which the guarantee indicates will be
     subordinated, without the prior written approval of SBA and the Lender.

14.  SBA and the Lender shall be advised, as far in advance as possible, but no
     less than 30 days, of any planned changes in general or financial
     management of the borrower.

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<PAGE>

15.  Lender agrees that no additional credit facilities, other than those
     already existing and advised to SBA. will be extended to the borrower
     without SBA's written concurrence.

16.  All export receivables generated by this sale shall be covered under a
     valid EXIMBANK credit insurance policy. Therefore, at the initiation of the
     loan agreement, the borrower shall provide to acceptable to the lender:

          1.   copy of the policy initiation or renewal declaration together
               with the broker's endorsement if a broker exists.

          2.   a statement on the borrower's letterhead certifying that at least
               51% of the goods being shipped and insured under the policy are
               of U.S. origin end are not intended for military use;

          3.   a statement that none of the-covered buyers or consignees have,
               or will have, a financial relatIonship to the insured.

          To assure the continuing validity of the policy, the borrower shall
          submit (on a monthly basis) to the lender and the lender shall review
          for acceptability:

          1.   copies of all monthly EXIMBANK insurance reports and premium
               calculations together with a photocopy of the check in payment
               for the same, from, or verified by, the broker of record to be
               submitted within 15 days of each reporting period.

          2.   copies of monthly aging of accounts receivable reports land
               accounts payable] to be submitted withIn 15 days of the end of
               each reporting period.

     (d)  Additional Requirements:

          (1)  SBA Form 160, Resolution of Board of Directors.

          (2)  Prior to preparation of closing documents, Borrower shall furnish
               Lender:

               (i)  A Certified copy of the properly recorded Articles of
                    Incorporation and any /amendments thereto, and a copy of the
                    By-Laws.

4.   To further induce Lender to make and SBA to guarantee this Loan, Lender and
     SBA impose the following conditions:

     (a)  Reimbursable Expenses - Borrower will, on demand, reimburse Lender for
          any and all expenses incurred, or which may be hereafter incurred, by
          Lender from time to time in connection with or by reason of Borrower's
          application for, the making and administration of the Loan.

     (b)  Books, Records, and Reports - Borrower will at all times keep proper
          books of account In a manner satisfactory to Lender and/or SBA.
          Borrower hereby authorizes Lender or SBA to make or cause to be made,
          at Borrower's expense and in such manner and at such times as Lender
          or SBA may require, (a) inspections and audits of any books, records
          and papers in the custody or control of Borrower or others, relating
          to Borrower's financIal or business condition, including the makIng of
          copies thereof and extracts therefrom, and (b) Inspections and
          appraisals of any of borrower's assets. Borrower will furnish to
          Lender and SBA Borrower's financial and operating statements as may be
          required by SBA or Lender. Borrower hereby authorizes all Federal,
          State and municipal authorities to furnish reports of

                                       147

<PAGE>

          examinations, records, and other information relating to the
          conditions and affairs of borrower and any desired information from
          reports, returns, files, and records of such authorities upon request
          therefore by Lender or SBA.

     (c)  Borrower shall not execute any contracts for management consulting
          services without prior approval of Lender and SBA.

     (d)  Distribution and Compensation Borrower will not, without the prior
          consent of Lender or SBA (a) if borrower is a corporation, declare or
          pay any dividend or make any distribution upon its capital stock, or
          purchase or retire any of its capital stock, or consolidate, or merge
          with any other company, or give any preferential treatment, make any
          advance, directly or indirectly, by way of loan, gift, bonus, or
          otherwise, to any company directly or Indirectly controlling or
          affiliated with or controlled by Borrower, or any other company, or to
          any officer, director or employee of Borrower, or of any such company,
          (b) If Borrower Is a partnership or Individual, make any distribution
          of assets of the business of borrower, other than reasonable
          compensation for services, or give any preferential treatment, make
          any advance, directly or indirectly, by way of loan, gift, bonus, or
          otherwise, to any partner or any of its employees, or to any company
          directly or indirectly controlling or affiliated with or controlled by
          Borrower, or any other company.

     (f)  Other provisions:

          (1)  Multiple draws and repayments are authorized as long as the
               outstanding balance does not exceed the stated line of credit.

          (2)  The Borrower shall require payment In U.S. Dollars unless SBA
               otherwise agrees in writing.

          (3)  The Borrower will secure all documentation necessary to establish
               an enforceable obligation against the buyer. This includes, but
               is not limited to, a signed or otherwise verifiable purchase
               order or contract, bills of lading or other necessary
               transportation documents, and a commercial invoice. A copy of
               confirmed orders, contracts, etc., with all amendments, If any,
               shall be submitted to the lender and SBA for review and
               approval.

          (4)  Borrower will negotiate or enter for collection all payments
               through the Lender.

          (5)  Borrower must furnish Lender quarterIy progress report in form
               satisfactory to Lender during the term of the loan.

          (6)  Borrower must be current on all payroll taxes and have in
               operation a depository plan for the payment of future withholding
               taxes.

          (7)  Agreement by Lender to execute any right of offset available in
               the event of a default by the Borrower. All funds received are to
               be applied to the outstanding loan balance prior to requesting
               that SBA honor its guaranty.

          (8)  Borrower to display SBA Form 722, Equal Opportunity Poster, at
               his place of business, where it is clearly visible to employees,
               applicants for employment, and the general public.

                                       148
 <PAGE>

          (9)  Hazard insurance in such amounts and for such coverages as shall
               be satisfactory to Lender, and must contain a mortgagee loss
               payee clause similar in character to the New York Standard
               Mortgagee Clause.

          (10) Borrower shall not change ownership or control and shall not
               reorganize or change its name or form of organization without the
               prior written consent of the Lender/SBA. Failure to obtain prior
               written consent shall constitute default and authorizes
               Lender/SBA to declare all or any part of the indebtedness
               immediately due and payable.

          (11) Guarantor hereby waives and relinquishes any right of subrogation
               or other right of reimbursement from the Debtor or the Debtor's
               estate and any other right to payment from the Debtor or the
               Debtor's estate arising out of or on account of any sums paid or
               agreed to be paid by Guarantor under this Guaranty, whether any
               such right is reduced to judgement, liquidated, unliquidated,
               fixed, contingent, matured, unmatured, disputed, undisputed,
               secured or unsecured.

          (12) Notwithstanding any other provisions o this Authorization, the
               Lender may use its own form(s) in lieu of standard SBA forms,
               provided Lender has obtained SBA's prior written consent as to
               specific content and format of said alternate forms. (This waiver
               does not apply to SBA Form 159, Compensation Agreement, SBA Form
               147 Note, SBA Form 148 Guaranty, SBA Form 1050 Settlement Sheet,
               which are mandatory forms.)

          (13) Lender/SBA shall have right of approval of all compensation of
               officers and stockholders.

5.   Parties Affected - This Agreement shall be binding upon Borrower and
     Borrower's successors and assigns. No provision stated herein shall be
     waived without the prior written consent of SBA. The Loan shall be
     administered as provided in the Guaranty Agreement.

                                                 Philip Lader
                                                 -------------------------------
                                                                   Administrator

                                                          Marketing     7/24/96
                                                 -------------------------------
                                                 Title                   Date

                                                 /s/
                                                 -------------------------------
                                                            (Signature)

Borrower hereby agrees to the conditions imposed herein and further agrees that
the terms and conditions herein are for the benefit of, and may be enforced by,
Lender and SBA. This Authorization and Loan Agreement and amendments constitute
the Loan Agreement between Lender and Borrower:

                                       149

<PAGE>

                                       -----------------------------------------
                                      (Borrower)                          (Date)

--------------------------------------------------------------------------------
NOTE: Corporate applicants must execute Authorization, In corporate name, by
duly authorized officer. and seal must be affixed and duly attested; partnership
applicants must execute in firm name, together with signature of a general
partner.

Borrower's Name Accident Prevention Plus, LLC                       9/17/96
                ----------------------------------------------------------------

                                                /s/ Richard Goodhart
                                                --------------------------------
                                                Richard Goodhart, CEO/Member

                                                /s/  Steven H. Wahrman
                                                --------------------------------
                                                Steven Wahrman, President/Member

Seal
Attest:

                                       150

<PAGE>

Marine Midland Bank

                      VARIABLE INTEREST TIME OR DEMAND NOTE

                                                BANK
                                                USE
                                                ONLY
                                                --------------------------------
                                           Hauppauge, NEW YORK     July 29, 1996
                                           -------------------------------------

Demand after date, for value received, the undersigned (jointly and severally,
if the undersigned be more than one) promise(s) to PAY TO MARINE MIDLAND BANK
(Bank) or order, at its HAUPPAUGE OFFICE at HAUPPAUGE NEW YORK THE SUM OF TWENTY
FIVE THOUSAND AND xx/00 DOLLARS $25,000
with interest on the principal balance hereof from time to time unpaid at a per
annum rate equal to the Bank's prime rate as defined below, plus ???%

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

The Bank's prime rate means the rate of interest publicly announced by the Bank
from time to time as its prime rate and is a base rate for calculating interest
on certain loans, After maturity (whether by acceleration or otherwise), if this
note is a time note, or after demand, if this note is payable on demand, this
note shall bear interest computed at a rate of 2% per month. In no event shall
the interest rate on this note exceed the maximum rate authorized by applicable
law. Any change in the interest rate on this note resulting from a change in the
Bank's prime rate shall be effective on the date of such change. If this note is
not payable on demand, any holder or this note may declare this note to be
immediately due and payable whenever the holder hereof has the right to do so
under any Security Agreement or other agreement, now or hereafter in effect,
pursuant to which payment of the Indebtedness evidenced by this note is secured;
or, irrespective of the terms or existence of any such Security Agreement or
other agreement, upon the happening of any of the following: nonpayment when
due, of principal of or interest on any indebtedness evidenced by this note;
default by any maker hereof In the performance of any obligation, term or
condition of any agreement between such maker and the holder hereof; death or
judicial declaration of incompetency of any maker hereof, if an individual; the
filing by or against any maker hereof of a request or petition for liquidation,
reorganization, arrangement, adjustment of debts, adjudication as a bankrupt,
relief as a debtor or other relief under the bankruptcy, insolvency or similar
laws of the United States or any state or territory thereof or any foreign
jurisdiction now or hereafter in effect; the making of any general assignment by
any maker hereof for the benefit of creditors; the appointment of a receiver or
trustee or any maker hereof or for any assets of any such maker, including,
without limitation, the appointment of or taking possession by a "custodian," as
defined in the Federal Bankruptcy Code; the occurrence of any of the foregoing
events with respect to any indorser, guarantor or any other party liable for, or
whose assets or any interest therein secures, payment of any indebtedness
evidenced by this note, or the occurrence of any such event with respect to any
general partner of any maker hereof, if any such maker is a partnership; if any
certificate, statement, representation, warranty or audit heretofore or
hereafter furnished by or on behalf of the undersigned, as an inducement to the
Bank to extend any credit to, or for entry into any agreement with, the
undersigned proves to have been false in any material respect at the time of
which the facts therein set forth were stated or certified, or to have omitted
any substantial contingency or unliquidated liability or claim against the
undersigned; or if the holder hereof in good faith believes that the prospect of
payment of all or any part of the indebtedness evidenced by this note is
impaired. This note and the loan it evidences shall be construed under the laws
of New York State, as the same may from time to time be in effect. The
undersigned agrees that any action or proceeding to enforce this note may be
commenced in the Supreme Court of New York in any county, or in the District
Court of the United States in any district, in which the Bank has an office, and
the undersigned waives personal service of process and agrees that a summons and
complaint commencing an action or proceeding in any such court shall be properly
served and shall confer personal jurisdiction if served by registered mall to
the undersigned, or as otherwise provided by the laws of the State of New York
or the United States. The undersigned waives the right to jury trial and agrees
that any action or proceeding to enforce this note or any action or proceeding
commenced by the undersigned against the Bank and arising out of this note or
the loan it evidences, will be tried before a judge and not a jury. The
undersigned acknowledges that the foregoing waiver is informed and voluntary.
The undersigned agrees to pay all costs and expenses incurred by the holder
hereof in enforcing this note, including, without imitation, actual attorneys'
fees and legal expenses.

Interest will be calculated for each day at 1/360th of the foregoing per annum
rate, which will result in a higher effective annual rate. However, if this [ ]
box is checked, interest will be calculated for each day at 1/365th of the per
annum rate. If this [ ] box is checked, the undersigned will pay interest [X]
monthly [ ] quarterly until maturity or demand, at which time the undersigned
will pay any remaining accrued interest.

ACCOUNT NUMBER                              /s/  Richard Goodhart, C.E.O.
                ------------------          ------------------------------------

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