Document:

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EXHIBIT 10.1

                              CASE FINANCIAL, INC.,
                             A DELAWARE CORPORATION

                             SUBSCRIPTION AGREEMENT
                             ----------------------

Case Financial, Inc.
15060 Ventura Boulevard, Suite 240
Sherman Oaks, CA 91403

December __, 2002

Gentlemen:

         Reference is made to that certain Confidential Term Sheet dated
November 27, 2002 (the "Confidential Term Sheet"), a copy of which has been
provided to and read by the undersigned, I.F. Propco (Ontario) 32 Ltd., an
Ontario corporation (the "Subscriber"). Unless otherwise indicated or the
context otherwise requires, all capitalized terms used in this Subscription
Agreement (the "Subscription Agreement") and not otherwise defined will have the
meaning provided in the Confidential Term Sheet will have the same meaning when
used herein. By execution hereof, the Subscriber evidences its desire to
purchase one (1) Unit from Case Financial, Inc. (the "Company"), as more
particularly described below (the "Unit"). By its execution hereof, the
Subscriber expressly acknowledges and agrees that the Company is relying upon
the accuracy and completeness of the representations of Subscriber contained
herein in complying with the Company's obligations under applicable securities
laws.

         1. SUBSCRIPTION COMMITMENT. The Subscriber hereby subscribes for the
purchase of one (1) Unit and, as full payment therefor, agrees to pay to the
Company, concurrently with the Subscriber's execution and delivery hereof, the
Unit purchase price of Two Million and 00/100 Dollars ($2,000,000.00). The Unit
consists of a Promissory Note, dated as of the date hereof, and delivered by the
Company to the Subscriber, in the principal amount of Two Million and 00/100
Dollars ($2,000,000.00) (the "Note"), a Warrant to purchase Two Million
(2,000,000) shares of the Company's Common Stock, $0.001 par value (the "Common
Stock"), at an exercise price of $0.50 per share of Common Stock, and a Warrant
to purchase 1,000,000 shares of Common Stock at an exercise price of $0.80 per
share of Common Stock (together, the "Warrants"). The shares of Common Stock
issuable upon exercise of the Warrants shall be referred to herein as the
"Warrant Stock", and the Unit, the Note, the Warrants, and the Warrant Stock,
shall be referred to herein collectively as the "Securities". The form of Note
and Warrants are attached hereto as Exhibit A.

         2. REPRESENTATIONS AND WARRANTIES OF THE SUBSCRIBER. To induce the
Company to accept this Subscription Agreement, the Subscriber hereby represents
and warrants to, and covenants with, the Company as follows:

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                  (a) The Subscriber is familiar with the business operations
and financial affairs of the Company and acknowledges that the Company files
periodic reports with the Securities and Exchange Commission ("SEC"), which
reports are generally available to the public. The Subscriber has been given
reasonable opportunity to ask questions of, and receive answers from,
representatives of the Company concerning the terms and conditions of the
offering of the Unit, the business prospects and financial condition of the
Company, and to obtain any additional information required by the Subscriber, to
the extent available. As of the date hereof, the Subscriber has received from
the Company all the information that the Subscriber has requested and considers
necessary or appropriate for deciding whether to purchase the Unit.

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                  (b) The Subscriber believes that the purchase of the Unit and
an investment in the Securities are suitable for the Subscriber based upon the
Subscriber's investment objectives and financial needs. The Subscriber: (i) has
adequate means of providing for the Subscriber's current financial needs and
personal contingencies; (ii) has no need for liquidity in this investment; (iii)
can afford a complete loss of such investment; and (iv) does not have an overall
commitment to investments which are not readily marketable that is
disproportionate to the Subscriber's net worth, and the Subscriber's investment
in the Securities will not cause such overall commitment to become excessive.

                  (c) The Subscriber, in reaching a decision to subscribe for
the Unit, has knowledge and experience in financial and business matters, is
capable of reading and interpreting financial statements and evaluating the
merits and risk of an investment in the Securities, and has the net worth to
undertake such risks.

                  (d) The Subscriber was not offered or sold the Securities,
directly or indirectly, by means of any form of general advertising or general
solicitation, including, but not limited to: (i) any advertisement, article,
notice or other communication published in any newspaper, magazine, or similar
medium or broadcast over television or radio; or (ii) any seminar or meeting
whose attendees had been invited by any general solicitation or general
advertising;

                  (e) The Subscriber has obtained, to the extent the Subscriber
deems necessary, the Subscriber's own personal professional advice with respect
to the risks inherent in an investment in the Securities and the suitability of
an investment in the Securities in light of the Subscriber's financial condition
and investment needs.

                  (f) The representations made by the Subscriber herein are
true, complete and correct in all respects as of the date hereof. The Subscriber
understands that the Company's determination that exemptions from the
registration and qualification provisions of the Securities Act of 1933, as
amended ("Act"), and applicable state securities laws exist for the offer and
sale of the Securities is based, in part, upon the representations, warranties,
agreements and statements made by the Subscriber herein.

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                  (g) The Subscriber acknowledges that the Securities have not
been registered under the Act or qualified under any applicable state securities
laws or regulations and that the Securities are being offered in reliance upon
exemptions from the registration requirements of the Act and such laws and
regulations. The Subscriber understands that the Securities are "restricted
securities" under the Act and that, as such, the Securities may not be resold
without registration under the Act and applicable state securities laws or an
applicable exemption therefrom. The Subscriber understands that no public market
presently exists or will exist for the Note or the Warrants. The Subscriber
understands that the Company has no obligation to register the Note or the
Warrants. The Subscriber acknowledges that the certificate or certificates
evidencing the Securities will bear a legend, generally in the form provided in
Section 3(b) hereof, indicating that the Securities are subject to restrictions
on resale under the Act and applicable state securities laws and regulations.

                  (h) The Subscriber is an "accredited investor" within the
meaning of Rule 501(a) of Regulation D as promulgated under the Act.

                  (i) The Subscriber is purchasing the Securities solely for its
own account, for investment only, and the Securities are not being purchased for
the account of any other person or entity and not with a view to or for sale in
connection with any distribution of all or any part of the Securities. The
Subscriber has no contract, undertaking, agreement or arrangement with any
person or entity to sell, distribute, pledge or transfer to any person or entity
all or any portion of the Securities, and the Subscriber has no present plan to
enter into any such contract, undertaking, agreement or arrangement.

         3. UNDERSTANDINGS AND ACKNOWLEDGMENTS OF THE SUBSCRIBER. The Subscriber
understands and acknowledges the following:

                  (a) The Subscriber recognizes that an investment in the
Securities involves a high degree of risk and is subject to a number of risk
factors, including but not limited to the risk factors set forth in the
Company's filings of periodic reports with the SEC.

                  (b) Stop transfer instructions will be placed on the books of
the Company, and a legend may be placed on any instrument or certificate
representing the Securities, substantially as follows:

         THE SECURITIES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED OR QUALIFIED
         UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE STATE
         SECURITIES LAWS. NO SALE OR OTHER TRANSFER OF THE SECURITIES EVIDENCED
         HEREBY, OR OF ANY INTEREST THEREIN, MAY BE EFFECTED WITHOUT COMPLIANCE
         WITH THE REGISTRATION AND QUALIFICATION REQUIREMENTS OF SUCH ACT AND
         LAWS OR THE AVAILABILITY OF APPLICABLE EXEMPTIONS FROM SUCH
         REQUIREMENTS, THE AVAILABILITY OF WHICH IS TO BE ESTABLISHED TO THE
         SATISFACTION OF THE COMPANY.

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         4. INDEMNIFICATION. The Subscriber shall indemnify and hold harmless
the Company and its directors, officers, stockholders, employees, counsel,
agents, successors and assigns from and against all losses, damages, liabilities
and actual expenses (including, without limitation, reasonable attorneys' fees),
as and when incurred, due to or arising out of, in whole or in part, any breach
of any representation or warranty made by the Subscriber set forth herein or in
any other agreement or document furnished by the Subscriber to any of the
foregoing in connection with this Subscription Agreement or arising out of the
resale or distribution by the Subscriber of the Securities, or any portion
thereof, in violation of the Act or any applicable state securities laws.

         5. ADDITIONAL REPRESENTATIONS. Subscriber makes the following
additional representations:

                  (a) The Subscriber was not organized for the specific purpose
of acquiring the Securities.

                  (b) This Subscription Agreement has been duly authorized by
all necessary action on the part of the Subscriber, has been duly executed by an
authorized officer or other authorized representative of the Subscriber, and is
a legal, valid and binding obligation of the Subscriber enforceable in
accordance with its terms.

         6. REPRESENTATIONS AND WARRANTIES OF THE COMPANY. The Company hereby
represents and warrants, and covenants with the Subscriber as follows

                  (a) ORGANIZATION, GOOD STANDING AND QUALIFICATION. The Company
is a corporation duly organized, validly existing and in good standing under the
laws of the State of Delaware and has all requisite corporate power and
authority to carry on its business as conducted and as proposed to be conducted.
The Company is duly qualified to do business as a foreign corporation and is in
good standing in each jurisdiction in which its ownership or leasing of assets
or the conduct of its business makes such qualification necessary.

                  (b) AUTHORIZATION. All corporate action on the part of the
Company, its officers, directors and stockholders necessary for the
authorization, execution and delivery of this Subscription Agreement, the
performance of the obligations of the Company hereunder and the authorization,
issuance, sale and delivery of the Securities to be issued hereunder, has been
taken.

                  (c) ISSUANCE OF THE SECURITIES. The Securities being issued
hereunder, when issued, sold and delivered in accordance with the terms of this
Subscription Agreement for the consideration expressed herein, will be duly and
validly issued, fully paid and nonassessable, and will be free of restrictions
on transfer other than restrictions on transfer under the Act and applicable
state securities laws.

                  (d) GOVERNMENTAL CONSENTS. No consent, approval, order or
authorization of, or registration, qualification, designation, declaration or
filing with, any federal, state or local governmental authority on the part of
the Company is required in connection with the consummation of the transactions
contemplated by this Subscription Agreement.

                  (e) OFFERING. Subject in part to the truth and accuracy of the
Subscriber's representations set forth in Section 2 of this Subscription
Agreement, the offer, sale and issuance of the Securities as contemplated by
this Subscription Agreement is exempt from the registration requirements of the
Act.

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                  (f) COMPLIANCE WITH OTHER INSTRUMENTS. The execution, delivery
and performance of this Subscription Agreement and the consummation of the
transactions contemplated hereby will not violate or conflict with: (i) any
provision of the Certificate of Incorporation or Bylaws of the Company; (ii) any
material instrument, judgment, order, writ, decree, contract or agreement to
which the Company is a party or by which it is bound; or (iii) to the best of
the Company's knowledge, any provision of any federal or state statute, rule or
regulation applicable to the Company, the violation of which could reasonably be
anticipated to have a material adverse effect on the Company.

         7. REGISTRATION RIGHTS. The Company hereby agrees with the Subscriber
that, within ninety (90) days after the execution of this Subscription
Agreement, it shall prepare and file with the SEC a registration statement with
respect to the Warrant Stock, and use reasonable efforts to cause such
registration to become and remain effective, and prepare and file with the SEC
such amendments to such registration statement and supplements to the prospectus
contained therein as may be necessary to keep such registration statement
effective.

                  The Company will indemnify and hold harmless the Subscriber
from and against, and will reimburse the Subscriber with respect to, any and all
loss, damage, liability, cost and expense to which the Subscriber may become
subject under the Act or otherwise, insofar as such losses, damages,
liabilities, costs or expenses are caused by any untrue statement or alleged
untrue statement of any material fact contained in such registration statement,
any prospectus contained therein or any amendment or supplement thereto, or
arise out of or are based upon the omission or alleged omission to state therein
a material fact required to be stated therein or necessary to make the
statements therein, in light of the circumstances in which they were made, not
misleading; provided, however, that the Company will not be liable in any such
case to the extent that any such loss, damage, liability, omission or alleged
omission so made is in conformity with information furnished by the Subscriber.

         8. FURTHER ASSURANCES. The parties agree to execute such further
instruments and to take such further action as may reasonably be necessary to
carry out the intent of this Subscription Agreement.

         9. IRREVOCABILITY; ASSIGNABILITY. This Subscription Agreement is
irrevocable and may not be withdrawn, and upon the signing of this Subscription
Agreement, the Subscriber is obligated to purchase the Securities for the amount
of consideration set forth above. The Subscriber shall not assign this
Subscription Agreement or any of the Subscriber's rights or delegate any of the
Subscriber's obligations under this Subscription Agreement without the prior
written consent of the Company, which consent will not be unreasonably withheld
or delayed.

         10. ENTIRE AGREEMENT. This Subscription Agreement constitutes the
entire agreement between the parties hereto with respect to the subject matter
hereof and may be amended only by a writing executed by both of the parties.

         11. GOVERNING LAW. This Subscription Agreement shall be construed in
accordance with and be governed by the laws of the State of California.

         12. COUNTERPARTS; FACSIMILE SIGNATURES. This Subscription Agreement may
be executed in two or more counterparts, each of which, when taken together,
shall constitute one and the same instrument. The instrument may be executed by
facsimile, and upon such execution, shall have the same force and effect as an
original.

                         [Signatures on following page.]

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IN WITNESS WHEREOF, the undersigned do hereby execute this Subscription
Agreement this ____ day of December, 2002.

I.F. PROPCO (ONTARIO) 32 LTD., an          CASE FINANCIAL, INC., a Delaware
Ontario corporation                        corporation

By: /s/ Clifford R. Evans                  By:
    -----------------------------              --------------------------------
Name: Clifford R. Evans                    Name:
Its: President                             Its:

Address:

I.F. Propco Holdings (Ontario) 32 Ltd.
P.O. Box 487
83 Campbellville
Ontario L0P 1B0
Canada
Fax: (905) 854-4593
Attention:  Andrew Lepper

                                       6<PAGE>

                                                                    EXHIBIT 10.2

                                    AGREEMENT
                                    ---------

         THIS AGREEMENT (the "AGREEMENT"), is made as of December __, 2002, by
and between Case Financial, Inc., a Delaware corporation (the "COMPANY"), and
I.F. Propco Holdings (Ontario) 32 Ltd., an Ontario corporation ("LENDER"), with
reference to the following:

         A. On the date hereof, the Company and Lender executed that certain
Subscription Agreement, (the "SUBSCRIPTION AGREEMENT"), pursuant to which Lender
agreed to purchase one (1) unit issued by the Company (the "UNIT") and as full
payment for the Unit, concurrently with the execution and delivery of the
Subscription Agreement, Lender paid to the Company the purchase price of Two
Million and 00/100 Dollars ($2,000,000.00). The Unit is comprised of:

                  (i) a Promissory Note, dated as of the date hereof, executed
and delivered by the Company to Lender, in the principal amount of Two Million
and 00/100 Dollars ($2,000,000.00) (the "NOTE");

                  (ii) a Warrant, dated as of the date hereof, executed and
delivered by the Company to Lender, granting Lender the right to purchase two
million (2,000,000) shares of the Company's common stock, $0.001 par value per
share, at an exercise price of $0.50 per share (the "$0.50 WARRANT"); and

                  (iii) a Warrant, dated as of the date hereof, executed and
delivered by the Company to Lender, granting Lender the right to purchase one
million (1,000,000) shares of the Company's common stock, $0.001 par value per
share, at an exercise price of $0.80 per share (together with the $0.50 Warrant,
the "WARRANTS").

         B. In consideration of Lender's purchase of the Unit, the Company has
agreed that for so long as the Note is outstanding, and at all times while the
Note is outstanding or the Company shall have any obligations to Lender under
the Note, Lender shall have the irrevocable right to declare one (1) person (the
"NOMINEE") as the nominee of the Board of Directors of the Company (the "BOARD")
for election to the Board.

         NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree that the
foregoing recitals are true and correct and agree as follows:

         1. ELECTION.

                  1.1 INITIAL ELECTION. Pursuant to the terms of Article II,
Section 3 of the Bylaws of the Company, dated effective May 24, 2000 (the
"BYLAWS"), upon the execution of this Agreement, the Company shall increase the
authorized number of directors of the Board, and subject only to the rights of
the holders of any class or series of Preferred Stock, elect the Nominee thereto
for a term expiring at the next succeeding annual meeting of the stockholders of
the Company.

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                  1.2. SUBSEQUENT ELECTION. Pursuant to the provisions of
Article I, Section 6(c)(i) of the Bylaws, at each succeeding annual meeting of
the stockholders of the Company, the Company shall cause the Nominee to be
nominated for election to the Board by or at the direction of the Board, and at
such annual meeting, the Company shall use its best efforts to cause the
election of the Nominee to the Board.

                  1.3 DELIVERY OF INFORMATION. Pursuant to the provisions of
Article I, Section 6(c) of the Bylaws, at the request of the Board, Lender shall
cause the Nominee to furnish to the Secretary of the Corporation that
information required by Article I, Section 6(c) of the Bylaws.

         2. DOCUMENTATION. With the exception of such information or
documentation that may be required pursuant to Section 1.3 hereof, the Company,
at its sole cost and expense, shall prepare all corporate documents and other
documents or filings required pursuant to any applicable laws or regulations
with respect to the nomination and/or election of the Nominee to the Board.

         3. REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE COMPANY. The
Company hereby represents, warrants and covenants to Lender:

                  (a) Borrower is a corporation duly organized, validly
existing, and in good standing under the laws of the State of Delaware;

                  (b) The entering into and performance of this Agreement,
including the nomination and election of the Nominee pursuant to the terms of
this Agreement, comply with, are allowed by, and will not (immediately or with
the passage of time, the giving of notice, or both) constitute a violation of
the terms and provisions of all governing documents of the Company, including
the Bylaws, or any applicable laws, including, without limitation, the Delaware
General Corporation Law;

                  (c) The Company has the power and authority to enter into and
perform this Agreement, has taken all actions necessary to authorize the
execution, delivery, and performance of this Agreement, and when entered into,
this Agreement shall be the valid, binding, and enforceable agreement of the
Company;

                  (d) As of the date hereof, no action or proceeding has been
taken or commenced or is presently contemplated by the Company or the Board that
would impair or prevent Lender's rights hereunder;

                  (e) At all times, the Company shall use its best efforts to
cause the election of the Nominee to the Board pursuant to the terms of this
Agreement; and

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                  (f) All of the representations, warranties and covenants set
forth in this Section 3 shall survive for so long as the Note is outstanding,
and at all times while the Note is outstanding or the Company shall have any
obligations to Lender under the Note.

         4. DEFAULT. The Company shall be in default under this Promissory Note
upon the occurrence of either of the following events (each, an "AGREEMENT
DEFAULT"):

                  (a) The Company's breach of any term or provision of this
Agreement; or

                  (b) Any of the Company's representations, warranties or
covenants made or given hereunder proving to be materially false or misleading
in any material respect.

Such an Agreement Default shall be deemed to be a Default in accordance with and
pursuant to the terms of the Note (and as such term is defined in the Note) and
Lender may thereafter exercise all rights and remedies as provided in the Note
upon a Default.

         5. GENERAL.

                  5.1 OTHER RIGHTS. This Agreement shall in no way impair any
rights Lender may have as a stockholder of the Company, including, without
limitation, the right of Lender as a stockholder of the Company to nominate a
person, in addition to the Nominee, for election to the Board.

                  5.2 GOVERNING LAW. This laws of the State of California
applicable to agreements made in that State shall govern the validity,
construction, performance and effect of this Agreement and the courts of the
State of California shall have sole and exclusive jurisdiction over any matter
brought under, or by reason of, this Agreement.

                  5.3 ATTORNEYS' FEES. In the event any action or proceeding is
instituted to interpret or enforce the terms and provisions of this Agreement,
the prevailing party shall be entitled to its costs and attorneys' fees, in
addition to any other relief it may obtain or be entitled to.

                  5.4 ENTIRE AGREEMENT. This Agreement sets forth the entire
understanding of the parties with respect to the contents hereof, and supercedes
that certain Confidential Term Sheet, dated November 27, 2002, delivered by the
Company to Lender, and all otherprevious agreements, negotiations, memoranda,
and understandings, whether written or oral with respect to the contents hereof.

                  5.5 MODIFICATIONS. This Agreement shall not be modified,
amended or changed in any manner unless in writing executed by the parties
hereto.

                  5.6 WAIVERS. No waiver of any of the provisions of this
Agreement shall be deemed, or shall constitute, a waiver of any other provision,
whether or not similar, nor shall any waiver constitute a continuing waiver, and
no waiver shall be binding unless evidenced by an instrument in writing and
executed by the party making the waiver.

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                  5.7 INVALIDITY. If any term, provision, covenant or condition
of this Agreement, or any application thereof, should be held by a court of
competent jurisdiction to be invalid, void or unenforceable, that provision
shall be deemed severable and all provisions, covenants, and conditions of this
Agreement, and all applications thereof not held invalid, void or unenforceable,
shall continue in full force and effect and shall in no way be affected,
impaired or invalidated thereby.

                  5.8 NOTICES. All notices required, permitted or given pursuant
to the provisions of this Agreement shall be made and delivered in accordance
with Section 11 of each of the Warrants.

                  5.9 HEADINGS. The section headings contained in this Agreement
are for reference purposes only and shall not in any way affect the meaning or
interpretation of this Agreement.

                  5.10 COUNTERPARTS. This Agreement may be executed at different
times and in multiple counterparts, each of which shall be deemed an original,
but all of which together shall constitute on and the same instrument.

                         [Signatures on following page.]

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         IN WITNESS WHEREOF, each of the parties hereto has caused this
Agreement to be executed as of the date first written above.

                                      "COMPANY"

                                      CASE FINANCIAL, INC.,
                                      a Delaware corporation

                                      By:
                                               ---------------------------------
                                      Name:
                                               ---------------------------------
                                      Its:
                                               ---------------------------------

                                      "LENDER"

                                      I.F. PROPCO HOLDINGS (ONTARIO) 32 LTD.,
                                      an Ontario corporation

                                      By:      /S/ Clifford P. Evans
                                               ---------------------------------
                                      Name:    Clifford P. Evans
                                      Its:     President

                                       5

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