Document:

LICENCE AGREEMENT

      THIS AGREEMENT is made as of the 31st day of August, 2000.

B E T W E E N:

            CAMERON CHELL, of the City of Calgary in the Province of Alberta

            (hereinafter called the "Licensor")

                                     - and -

            NETWORKS NORTH, INC., a corporation incorporated pursuant to the
            laws of the State of New York, and

            NETWORKS NORTH ACQUISITION CORP., a corporation incorporated
            pursuant to the laws of the Province of Ontario

            (hereinafter jointly called the "Licensee")

      WHEREAS the Licensor is the owner of the full right, title and interest in
Canada and the United States in and to the trade-marks, domain names and
stylized logos set out in Schedule "A" attached hereto and made a part hereof
(hereinafter called the "Marks") for use in association with the provision of
access to venture capital start-up companies engaged in technology innovation,
and the provision of financing, compliance and legal expertise, business
strategy, and business management consultation services, and the provision of
public investor relation services to others (hereinafter called the "Services");

      AND WHEREAS the Licensee wishes to use the Marks in association with the
provision of the Services;

      AND WHEREAS the Licensor is willing to license the Licensee to use the
Marks, subject to and upon the terms and conditions hereof;

      NOW THEREFORE THIS AGREEMENT WITNESSES THAT in consideration of the mutual
covenants hereinafter contained, and other good and valuable consideration, the
receipt and sufficiency of which is acknowledged, the parties hereto agree as
follows:

1. The Licensor hereby grants to the Licensee, subject to the terms and
conditions of this agreement, an exclusive, non-transferable licence to use the
Marks set out in Schedule "A" hereto, as it may be amended from time to time, in
association with the Services provided that:

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                                     _ 2 _

      (a)   the Licensee accepts that its usage of the Marks shall at all times
            be under the control of the Licensor, and the Licensee co-operates
            with Licensor in facilitating the exercise of such control by the
            Licensor;

      (b)   the Licensee adheres to the standards, if any, governing all
            advertising and promotional material in association with the Marks
            that are set from time to time by the Licensor;

      (c)   the Licensor shall have the right of access to the Licensee's
            premises, during normal business hours, for the purpose of
            inspecting the advertising and promotional materials used by the
            Licensee in association with the Marks in order to ensure the
            quality thereof;

      (d)   the Licensee providing to the Licensor, if requested by the
            Licensor, specimens of its usage of the Marks and specimens of the
            advertising and promotional materials used by the Licensee in
            associations with the Marks;

      (e)   the Licensee uses the Marks only in the form and manner, and only
            with the following legend when requested by the Licensor, or such
            other legend as may be prescribed from time to time by Licensor:
            "The trademark "CHELL.COM" (or "CHELL CORPORATION", or "CHELL
            MERCHANT CAPITAL GROUP" as the case may be), is owned by Cameron
            Chell and used under licence.";

      (f)   the Licensee uses the Marks only in association with the Services
            and with no other goods or services unless the written consent of
            the Licensor is obtained, which consent may be arbitrarily withheld;
            and

      (g)   the Licensee does nothing inconsistent with the validity of the
            Marks or inconsistent with the Licensor's ownership of the Marks.

Notwithstanding the foregoing, the Licensee acknowledges and agrees that certain
corporations currently existing and controlled by the Licensor, including
Chell.com Ltd., Chell Corporation, Chell.com/Investment Inc., Chell.com/Film
Inc. and Chell.com/Air Inc., are currently using the Marks, and may continue to
use the Marks notwithstanding the grant of the license herein to the Licensee.

2. The parties may from time to time amend the contents of Schedule "A" hereto
by adding or deleting trademarks, domain names, and stylized logos. Such
amendments may be effected by an authorized signing officer of each party
initialling and dating an amended Schedule "A", with the amended Schedule "A"
becoming effective on the date on which both signing officers have initialled
same. The terms and conditions of this agreement shall apply to such amended
Schedule "A" as fully and completely as though it had always formed part of this
agreement.

<PAGE>
                                     _ 3 _

3. In consideration of the continuing use of the Marks, the Licensee shall pay
to the Licensor on execution hereof and on each anniversary during the term, a
license fee of One Dollar ($1.00) per annum.

4.    (a)   The Licensee shall not use the Marks, or any of them, in its
            business name without the prior written consent of Licensor, which
            is hereby granted to Networks North, Inc. for the use of the CHELL
            CORPORATION name. In the event that such consent is given, the
            Licensee agrees that such usage shall enure to the benefit of the
            Licensor and shall be in strict accordance with any terms and
            conditions set by the Licensor.

      (b)   On all signs, labels, designs, cartons, containers, invoices,
            letterhead, or other documents, and advertising materials of any
            kind, printed by or on behalf of the Licensee on which the Marks
            appears, the Marks shall be followed with the superscript (TM)
            symbol until such time that the Licensor provides the Licensee with
            notice of registration after which the Marks shall be followed with
            the encircled (R) symbol, and at any time when requested by the
            Licensor, there shall be a brief statement that the Licensor is the
            owner of the Marks, and if the name of the Licensee shall appear on
            any such materials there shall be a brief statement that it is a
            Licensee.

5.    (a)   This agreement shall commence as of the date hereof and continue in
            full force and effect commencing as of the date hereof and shall
            terminate as set out herein.

      (b)   The Licensor shall have the right to terminate this agreement,
            effective immediately, upon:

            (i)   a commission of a breach of this agreement by the Licensee,
                  which breach is not cured or resolved within ten (10) days' of
                  receipt of written notice of such breach; or

            (ii)  Cameron Chell ceasing to be a director of the Licensee.

6.    (a)   Upon the termination of this agreement, for any reason whatsoever,
            the Licensee shall promptly take such reasonable actions to cease
            any and all use of the Marks.

      (b)   Further, following termination, the Licensee shall not do anything
            inconsistent with the validity of the Marks or inconsistent with
            Licensor's ownership of the Marks. Without limitation, Licensee
            shall not use any of the Marks, or any word or design confusing with
            any of the Marks, either as a trademark, trade name, or domain name,
            or as an element in a trademark, a trade name or domain name.

7. Notwithstanding anything herein contained, this Agreement shall be terminated
immediately and of no further force and effect subject to the limitations set
out herein, if the Licensee:

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                                     _ 4 _

      (a)   commits an act of bankruptcy or becomes an insolvent person within
            the meaning of the Bankruptcy and Insolvency Act (Canada) or makes a
            filing under Chapter 11 of the United States Bankruptcy Code;

      (b)   files, or fails to contest within three (3) days of filing and
            subsequently defeats, any petition in bankruptcy;

      (c)   fails to contest, satisfy, lift or vacate, within ten (10) days, any
            execution, levy, or distress against the assets of the business of
            the Licensee;

      (d)   fails to contest, within ten (10) days, and have removed the
            appointment of a receiver or other custodian (either temporary or
            permanent) of the business of the Licensee or any part of its
            assets; or

      (e)   takes the benefit of any act or proceeding for winding up the
            Licensee or the Licensee's affairs.

8. This agreement and the rights, interests, and obligations therein shall not
be assigned or transferred, in the whole or in part, by Licensee, without the
prior written consent of the Licensor.

9. The Licensee acknowledges the right and title of the Licensor in and to the
Marks in Canada and the United States and of the goodwill attaching to the
Marks. The Licensee agrees that such right, title and goodwill shall remain
vested in the Licensor both during the term of this Agreement and thereafter in
Canada and the United States, and the Licensee undertakes never to challenge or
cause to be challenged, either directly or indirectly, the distinctiveness of
the Marks, the validity of any registration relating to the Marks, or the
ownership of the Marks in Canada and the United States, or to claim in any
manner whatsoever that the use of the Marks by the Licensee or by any other or
others enures to the benefit of the Licensee or any other or others. The
Licensee also undertakes not to register the Marks in any other jurisdiction
anywhere in the world.

10. The Licensee will use its best endeavours to preserve the value and validity
of the Marks and of any registration thereof and in particular will:

      (a)   endeavour to promote and create goodwill in the provision of the
            Services;

      (b)   give to the Licensor any information as to its use of the Marks
            which the Licensor may require and otherwise render any necessary
            assistance to the Licensor in obtaining and maintaining registration
            of the Marks except that the Licensor shall pay all government fees
            required;

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                                     _ 5 _

      (d)   use the Marks in their correct spelling and not as a verb or in the
            plural or in any other manner which might endanger the validity of
            the Marks or of the registration thereof;

      (e)   not use the Marks unaccompanied by words describing the Services or
            wares unless the Mark is capitalized or otherwise distinguished from
            surrounding and adjacent text.

11. In the event that the Licensee learns of any infringement or threatened
infringement of the Marks or any actual or intended common law passing off by
reason of imitation of get-up or otherwise or that any third party alleges or
claims or intends to allege or claim that the Mark is liable to cause deception
or confusion to the public, the Licensee shall promptly notify the Licensor
giving particulars thereof and the Licensee will provide all information and
assistance as may be required by the Licensor in the event that the Licensor
decides proceedings should be commenced or defended. Any such proceedings will
be commenced or defended solely at the discretion and expense of the Licensor
and will be under the control of the Licensor, and the Licensee hereby
relinquishes and disclaims any right it might have to commence or defend
proceedings in its own name with or without entering the Licensor as a plaintiff
or defendant.

12. Failure of either party at any time to require performance of any provisions
under this Agreement shall not affect the right of the party requiring
performance to require full performance thereafter and a waiver by either party
of a breach of any provision of this Agreement shall not be taken or held to be
a waiver or any further or similar breach or as nullifying the effectiveness of
such provision.

13. Each and every paragraph of this Agreement is severable and any findings of
invalidity or any party of this Agreement shall not affect the validity of the
remaining portions thereof.

14. This agreement shall enure to the benefit of, and be binding upon, each of
the parties hereto and their respective successors and permitted assigns.

15.   (a)   Any written notice or other written communications required or
            permitted to be given hereunder shall be given by hand delivery or
            fax at the respective addresses listed below or by mailing the same
            by registered mail, postage prepaid, and directed to the other party
            at:

            (i)   In the case of the Licensor:

                  500-630 8th Avenue S.E.
                  Calgary, Alberta
                  T2P 1G6

            (ii)  In the case of the Licensee:

                  14 Meteor Drive

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                                     _ 6 _

                  Toronto, Ontario
                  M9W 1A4.

      (b)   Either party may, by giving written notice as provided herein,
            change its address for receiving notices or communications
            hereunder.

      (c)   Any written notice or communication hereunder shall be deemed to
            have been received on the date of delivery if delivered by hand or
            facsimile, or on the fifth day after mailing if delivered by
            registered mail.

16. This agreement shall be governed by, and construed under, the laws of the
Province of Ontario and the laws of Canada applicable therein.

17. This agreement constitutes the entire agreement between the parties with
respect to the subject matter hereof and supersedes all prior agreements or
understandings, whether written or oral. Subject to Section 2 hereof, any
amendments or modifications to the within agreement must be made in writing and
signed by both parties.

      IN WITNESS WHEREOF the parties have hereto affixed their corporation seals
under the hands of their officers duly authorized in that behalf, the day and
year first above written.

                                     /s/ Cameron Chell                    (Seal)
---------------------------------    ------------------------------------
Witness                                          Cameron Chell

                                     NETWORKS NORTH, INC.

                                     Per: /s/ Peter Rona                     c/s
                                         ------------------------------------

                                     I have authority to bind the corporation.

                                     NETWORKS NORTH ACQUISITION CORP.

                                     Per: /s/ Don Pagnutti                   c/s
                                         ------------------------------------

                                     I have authority to bind the corporation.

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                                     _ 7 _

                                  SCHEDULE "A"

                                   TRADE-MARKS

Trade-Mark              Registration/Application No.        Filing Date

Chell Corporation       Canadian Application No. 1068473    July 25, 2000

Chell Corporation       U.S. Application                    Pending

Chell.com               U.S. Serial No. 76/059,511          May 31, 2000

Chell.com               Canadian Application No. 1059418    May 17, 2000

Chell Merchant
Capital Group           Canadian Application                Pending

Chell Merchant
Capital Group           U.S. Application                    PendingCONSULTING AGREEMENT

      THIS AGREEMENT made the 26th day of November, 1999.

B E T W E E N:

                  Chell.com Inc.., a corporation incorporated under the laws of
                  the Province of Alberta, Canada

                  (hereinafter called the "Consultant")

                                                               OF THE FIRST PART

                                     - and -

                  R Home Funding Co., Ltd., a corporation
                  incorporated under the laws
                  of the State of Nevada

                  (hereinafter called the "Corporation")

                                                              OF THE SECOND PART

      WHEREAS the Consultant is in the business of supplying certain strategic
services and advice to companies;

      AND WHEREAS the Corporation wishes to retain the services of the
Consultant on the terms and conditions set out in this agreement for a minimum
period of one year;

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

                                    ARTICLE I
                                  CONSTRUCTION

1.01  Construction. In this Agreement, except as otherwise expressly provided:

(a)   all words and personal pronouns relating thereto shall be read and
      construed as the number and gender of the party or parties referred to in
      each case require and the verb shall be read and construed as agreeing
      with the required word and pronoun;

(b)   the division of this Agreement into articles and paragraphs and the use of
      headings is for convenience of reference only and shall not modify or
      affect the interpretation or construction of this Agreement or any of its
      provisions; and

(c)   when calculating the period of time within which or following which any
      act is to be done or step taken pursuant to this Agreement, the date which
      is the reference day in calculating such period shall be excluded. If the
      last day of such period is a non-business day, the period in question
      shall end on the next business day.

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                                       2

                                   ARTICLE II
                              PROVISION OF SERVICES

2.01 Services. The Consultant is hereby retained to provide the following
services (the "Services") to the Corporation, as and when requested by the
Corporation, in accordance with the provisions of this Agreement:

      (a)   advice and services with respect to corporate strategy and concept
            definition;
      (b)   advice and services with respect to defining corporate culture and
            development of a human resources department;
      (c)   advice with respect to corporate financing;
      (d)   advice with respect to communications;
      (e)   advice with respect to the hiring of third party consultants and
            professionals including advertising, marketing, legal, accounting
            and other professionals.

It is the intention of the parties that the Consultant will assist the
Corporation in recruiting appropriate personnel to carry out all functions
provided by the Consultant during the term of this agreement. Notwithstanding,
that some Services may, during the term of this agreement, be carried out
exclusively by the Corporation's own employees or other consultants, it is
agreed that there shall be no reduction in the fees charged by the Consultant to
the Corporation.

2.02 Time and Attention. The Consultant agrees to make appropriate personnel
available to provide the Services, when and as requested by the Corporation,
provided that the Consultant shall not be required to take direction from the
Corporation as to how to achieve a certain result and provided further that
Corporation provides adequate notice for the Consultant to complete the required
task.

2.03 Non-Exclusive Arrangement. The Corporation acknowledges that this agreement
for Services with the Consultant is not an exclusive arrangement. The
Corporation acknowledges that the Consultant has other clients which may have to
take priority to the interests of the Corporation; however, the Consultant will
use its reasonable commercial efforts to ensure that there is no undue delay in
the performing of such Services. In the event of any such delay, the Corporation
must advise the Consultant in writing with five days of such delay or shall be
deemed thereafter to have waived any claim with respect to such delay or damages
arising therefrom.

2.04 Term. This Agreement shall be for an initial term (the "Term"), commencing
on the 26th day of November, 1999 and ending on January 15, 2001 upon and
subject to all other provisions of this Agreement.

2.05 Renewal. This Agreement may be renewed upon the mutual agreement of the
Corporation and the Consultant and upon such terms and conditions as are agreed
upon by the Corporation and the Consultant.

                                   ARTICLE III
                            REMUNERATION FOR SERVICES

3.01 Remuneration. In consideration of the provision of the Services, the
Corporation shall pay the Consultant as fee (the "Fee") of Seven Hundred and
Twenty Thousand Dollars ($720,000) per annum, payable in advance.

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                                       3

3.02 Legal, Accounting and Communications Expenses. The parties acknowledge that
the Consultant will be contracting with third party legal, accounting,
communications and other professional services in order to properly deliver
Services to the Corporation. In some cases, the Corporation will deal directly
with such professionals who will assist the Consultant in delivering the
required Services. The Corporation shall reimburse the Consultant for any and
all charges for such third party professionals including the payment of the
Consultants legal fees for the structuring of delivery of warrants or options to
the Consultant and/or its employees and consultants. Payment terms are due upon
issuance of invoice from Corporation.

3.03 Reimbursement of Expenses. The Corporation shall reimburse the Consultant
for all travel, accommodation, lodging and meal expenses incurred by the
Consultant's employees or consultants who are travelling on the Corporation's
behalf. Payment terms are due upon invoice from Corporation.

                                   ARTICLE IV
                         ADVANCES/REPAYMENT OF ADVANCES

4.01 The Consultant may hereafter loan money to the corporation, pay wages,
incur and pay expenses (hereinafter collectively referred to as the "Loan
Advances").

4.02 The Corporation shall repay the Consultant all Loan Advances, with interest
at the rate of 10% per annum until date of payment. Payment shall be due upon
the first advance of any subsequent loan and/or equity financing. The
Corporation shall execute a general security agreement securing the present and
after acquired assets of the Corporation.

                                    ARTICLE V
                                    WARRANTS

5.01 With respect to any convertible debt and/or equity financing, the
Corporation agrees to grant to the Consultant, warrants to purchase Common Stock
of the Corporation equal to and representing 10% of the gross value of any
convertible debt/equity financing. The terms of the common share purchase
warrant shall be:

      (a)   3 years;
      (b)   exercise price - US$5.00;
      (c)   anti-dilution protection. The protection shall be the same as
            provided to the subscriber and/or lender;
      (d)   registration rights. The registration rights shall be the same as
            provided to the subscriber and/or lender;
      (e)   all other terms shall be the same as provided to the subscriber or
            lender.

5.02 The Corporation shall pay the Consultant's legal costs associated with the
review of any legal documentation associated with the common share purchase
warrant.

                                   ARTICLE VI
                                   TERMINATION

6.01 Termination by Corporation. This Agreement may be terminated at anytime at
the option of the Consultant only by delivering written notice to the
Corporation. In such a case, the Fee shall be prorated

<PAGE>
                                       4

to the time of termination. It may also be terminated if the Corporation does
not fulfil, observe or perform any of the terms of this Agreement, or fails to
make any payment required hereunder within 5 days of receiving notice from the
Consultant of its failure to pay any such amount. In the case of a termination
as a result of a default, all Fees for the full term of the contract shall
become immediately due and payable.

6.02 Bankruptcy. In the event of the bankruptcy or insolvency, whether voluntary
or involuntary, of either party, this Agreement may be terminated at the option
of the other party.

                                   ARTICLE VII
                           GENERAL CONTRACT PROVISIONS

7.01 Notices. All notices, requests, demands or other communications required by
this Agreement or desired to be given or made by the parties hereto shall be
given or made by personal delivery or by mailing the same in a sealed envelope,
postage prepaid, registered mail, return receipt requested, and addressed:

            to the Consultant:
                                 Chell.com Inc.,
                                 500, 10060 Jasper Avenue,
                                 Edmonton, Alberta  T5J 3R8

            to the Corporation:
                                 R Home Funding Co. Ltd.
                                 500, 10060 Jasper Avenue
                                 Edmonton, Alberta  T5J 3R8

or to such other address as may from time to time be designated by notice given
in the manner provided in this paragraph. Any notice or communication mailed as
aforesaid shall be deemed to have been given and received on the second business
day next following the date of its mailing. Any notice or writing delivered by a
party hereto, to whom it is addressed, shall be deemed to have been given and
received on the day it is delivered, provided that if such day is not a business
day then the notice or communication shall be deemed to have been given and
received on the business day next following such date.

7.02 Indemnity. The Corporation shall indemnify and hold harmless the Consultant
(and its third party consultants providing services in accordance with Section
3.02) (the "Indemnified Party") against and from all claims, demands, actions,
and rights of action from third parties which shall or may arise by virtue of
anything done or omitted to be done by them (directly or through or by agents,
employees or other representatives) in providing Services under this agreement.
All opinions, statements and recommendations made by the Indemnified Party
(directly or through or by agents, employees or other representatives) are made
to the best of the knowledge of Indemnified Party based upon the best available
information. Indemnified Party shall not be liable for any misinformation,
errors or omissions contained in any report, document or opinion provided to
them by Corporation.

7.03 Time of the Essence. Time shall be of the essence in this Agreement and
every part hereof and no extension or variation of this Agreement shall operate
as a waiver of this provision.

7.04 Amendment. No alteration, amendment or qualification of this Agreement
shall be valid unless it is in writing and is executed by both of the parties
hereto.

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                                       5

7.05 Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the Province of Alberta, Canada.

7.06 Severability. If any article, paragraph or any portion of any paragraph of
this Agreement is determined to be unenforceable or invalid by the decision of
any court of competent jurisdiction which determination is not appealed or
appealable, for any reason whatsoever, that unenforceability or invalidity shall
not affect the enforceability or validity of the remaining portions of this
Agreement and such unenforceable or invalid article, paragraph or portion
thereof shall be severed from the remainder of this Agreement.

7.07 Currency. All payments contemplated herein shall be paid in US funds.

7.08 Further Assurances. Each party to this Agreement shall execute and deliver
any and all documents and writings and do all things necessary or expedient to
achieve the purposes of this Agreement.

7.09 Binding Effect. Each and all of the covenants, terms, provisions and
agreements contained herein shall enure to the benefit of and be binding upon
the parties hereto, their respective heirs, executors, administrators, successor
and assigns, committees and legal personal representatives.

7.10 Relationship. The parties acknowledge that the Consultant is not an
employee of the Corporation, nor does any partnership or agency relationship
exist between the parties. Except with the approval of the Corporation, the
Consultant shall have no authority to act as agent for or otherwise represent
the Corporation or to enter into any agreement or to incur any obligation or
liability on behalf of the Corporation. It is agreed that to the extent that the
Consultant enters into any contract with the approval of the Corporation, that
the Consultant is doing so on behalf of and as agent for the Corporation.

7.11 Intellectual Property. The parties acknowledge that any intellectual
property, including without limitation, all inventions, ideas, discoveries,
improvements, trade secrets, software, patents, copyrights, trademarks service
marks and the like, acquired, developed, enhanced or worked on by the Consultant
in connection with the "ebanx" project or arising out of the services performed
under this Agreement and all right, title and interest therein are and shall be
the sole property of the Corporation, and the parties agree to execute any and
all documentation necessary to document the agency and trust relationship as
described.

            IN WITNESS WHEREOF the parties hereto have duly executed this
Agreement on the date first above written.

                                          CHELL.COM INC.

                                          Per: /s/ Cameron Chell
                                              ----------------------------------

                                          R HOME FUNDING CO., LTD.

                                          Per: /s/ Cameron Chell
                                              ----------------------------------

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