Document:

Exhibit 10.6

                      SUBSCRIPTION AGREEMENT

JLM COUTURE, INC.
225 West 37th Street
New York, New York 10018

Dear Sirs:

     The undersigned (the "Investor") hereby tenders his
subscription for and offers to acquire 200,000 shares of Common
Stock (the "Common Stock") of JLM Couture, Inc. (the "Company") at
a purchase price of $2.25 per share.

     1.   Subscription Payment.  As payment for this subscription,
simultaneously with the execution hereof, the Investor is
delivering herewith his promissory note (the "Note") payable to the
order of JLM Couture, Inc. in the form set forth hereto as Exhibit
A and entering into a Pledge Agreement in the form attached hereto
as Exhibit B to secure the Note.

     2.   Representations of the Investor.  The Investor,
recognizing that the Company will be relying on the information and
on the representations set forth herein, hereby represents,
warrants and agrees as follows:

     (a)  The Investor understands that the offer and sale of the
     Common Stock is being made by means of this Subscription
     Agreement, and is aware of the high degree of risk associated
     with an investment in the Common Stock.

     (b)  The Investor, who is a significant shareholder, officer
     and director of the Company, is a person who is capable to
     bear economic risks including the entire loss of an investment
     in the Common Stock.

     (c)  The Investor is purchasing the shares of Common Stock
     issued pursuant to this Subscription Agreement (the "Shares")
     for his own account for investment, and not with a view to or
     for sale in connection with the distribution of the Shares nor
     with any present intention of selling or otherwise disposing
     of all or any part of the Shares; provided, however, the
     Investor shall have the right to transfer the securities to
     third parties pursuant to an exemption from registration under
     the Securities Act of 1933 (the "Act").  In connection with
     any such future transfer, the Company will accept an
     acceptable opinion of counsel to the Investor as to the
     existence of any exemption.  The Investor hereby acknowledges
     his understanding that the Shares are not being registered
     under the Act or any state securities laws, on the ground that
     the issuance and sale of the Units to the Investor is exempt
     under the Act and relevant state securities laws, as a small
     offering and not involving a public offering.  The Investor
     agrees not to sell the Shares unless they are subsequently
     registered or an exemption from such registration is
     available.

     The Investor further acknowledges his understanding that the
     Company's reliance on such exemptions are, in part, based upon
     the foregoing representations, warranties, and agreements by
     the Investor and that the statutory basis for such exemptions
     would not be present, if notwithstanding such representations,
     warranties and agreements, the undersigned were acquiring the
     Shares for resale on the occurrence or non-occurrence of some
     predetermined event.  In order to induce the Company to issue
     and sell the Shares subscribed for hereby to the Investor, it
     is agreed that the Company will have no obligation to
     recognize the ownership, beneficial or otherwise, of such
     Shares by anyone but the Investor, except as set forth herein.

     (d)  All information contained in this Subscription Agreement
     is correct and complete.  Any material change occurring in
     this Subscription Agreement prior to acceptance of this
     subscription shall be promptly reported to the Company.  The
     Investor, in connection with his investment in the Company,
     has sufficient knowledge and experience in matters relating to
     business and financial matters in general and he is capable of
     evaluating the merits and risks of an investment in the
     Company and of making an informed investment decision.

     (e)  The address set forth in this Subscription Agreement is
     his true and correct primary residence, and he has no present
     intention of becoming a resident of any other state or
     jurisdiction.

     (f)  The Investor acknowledges and is aware that, except as
     set forth herein, the Investor will not transfer or assign
     this subscription, the Shares or any interest therein; if and
     to the extent this subscription is accepted, the assignment
     and transferability of the Shares subscribed for by the
     Investor will be governed by this Subscription Agreement and
     all applicable laws.

     (g)  The Investor acknowledges and is aware that this
     subscription is voidable by the Investor within three days
     after the first tender of consideration is made by the
     Investor to the Company, an agent of the Company or an escrow
     agent.  Subsequent to this three day period, the Investor is
     not entitled to cancel, terminate or revoke this subscription,
     and any agreements of the Investor in connection herewith
     shall survive the death or disability of the Investor.

     (h)  The Investor has been given access to full and fair
     disclosure of all material information concerning the Company.
     The Investor has also been given the opportunity to ask
     questions of, and receive answers from, management of the
     Company regarding the terms and conditions of this Agreement,
     and the transactions contemplated thereby, as well as the
     affairs of the Company and related matters.

     The Investor may have access to whatever additional
     information concerning the Company, its financial condition,
     business, prospects, management, capitalization, and other
     similar matters, that the Investor or his purchaser
     representative, if any, desires, provided that the Company can
     acquire such information without unreasonable effort or
     expense.

     (i)  The Investor has had the opportunity to obtain additional
     information necessary to verify the accuracy of the
     information referred to in subparagraph (h) hereof.

     3.   Indemnification. The Investor hereby agrees to indemnify
and hold harmless the Company, its respective officers, directors,
shareholders, employees, agents and attorneys of each such entity
against any and all losses, claims, demands, liabilities and
expenses (including reasonable legal or other expenses incurred by
each such person in connection with defending or investigating any
such claims or liabilities, whether or not resulting in any
liability to such person) to which any such indemnified party may
become subject under the Act, under any other statute, at common
law or otherwise, insofar as such losses, claims, demands,
liabilities and expenses (a) arise out of or are based upon any
untrue statement or alleged untrue statement of a material fact
contained in this Subscription Agreement or (b) arise out of or are
based upon any breach of any representation, warranty or agreement
contained herein.

     4.   Survival of Representations, Warranties and Agreements.
The representations, warranties and agreements contained herein
shall survive the delivery of, and payment for, the Shares.

     5.   Acceptance of Subscription.  The Company may accept this
Subscription Agreement at any time for the Shares subscribed for by
executing a copy hereof as provided and notifying the Investor.
The Investor understands that the Company may, in its sole
discretion, reject this subscription or may accept only a portion
of this subscription.

<PAGE>
                         SIGNATURE PAGE

     IN WITNESS WHEREOF,  the undersigned has executed this
Subscription Agreement as of the 22nd day of December, 1998.

Organization Signature:                 Individual Signature:
                                        s/Joseph L. Murphy

Print Name of Subscriber

By:  Joseph E. O'Grady
                                        Signature (s)

     Secretary                          Joseph L. Murphy
     Print Name and Title of            Print Name (s)
     Person Signing

                                        Print Name (s)

Number of Shares Subscribed for:         200,000

                 (Please print information below
               exactly as you wish it to appear in
                   the records of the Company)

Name and capacity in which    Social Security Number of Indi-
subscription is made -- see   dividual or other Taxpayer I.D.
below for particular          Number
requirements

Address:                      Address for notices if different:

Number and Street             Number and Street

City      State   Zip Code    City      State      Zip Code

Please indicate form of ownership:

TENANTS-IN-COMMON             JOINT TENANTS WITH RIGHT OF
(Both Parties must sign         SURVIVORSHIP
 above)                       (Both Parties must sign above)

                    ACCEPTANCE OF SUBSCRIPTION

                        JLM COUTURE, INC.

     The foregoing subscription is hereby accepted by JLM Couture,
Inc., this 22nd day of December, 1998, for 200,000 Shares.

                                   By:s/Joseph E. O'Grady
                                      Name: Joseph E. O'Grady
                                      Title:SecretaryEXHIBIT 10.7
                         PROMISSORY NOTE

$450,000.00                                    New York, New York
                                                December 22, 1998

     The undersigned, JOSEPH L. MURPHY (hereinafter collectively
called "Maker" or "Obligor") promises to pay to the order of JLM
COUTURE, INC. (hereinafter, together with any holder hereof, called
"Holder"), at the offices of the Maker or at such other place as
Holder may from time to time designate, the principal sum of Four
Hundred Fifty Thousand ($450,000) Dollars, with interest thereon
from the date hereof at the rate of five percent (5%) per annum.

     The principal amount of this Note shall be repaid in ten equal
annual installments of Forty Five Thousand ($45,000) Dollars,
commencing December 22, 1999, (each such annual installment date
referred to herein as an "Installment Date").  All accrued and
unpaid interest on the unpaid principal balance hereof shall be
paid on each Installment Date.

     This Note, together with accrued and unpaid interest, if any,
shall be prepayable upon a Default as defined herein.

     All payments hereunder shall first be credited to interest and
lawful charges then accrued and the remainder to principal.

     The following shall be an event of default (a) nonpayment of
any interest or principal hereunder when due; (b) insolvency, or
appointment of a receiver for any part of the property of Maker,
assignment for the benefit of creditors by or the commencement of
any proceedings in bankruptcy or insolvency by or against Maker;
(c) the entry of a material judgment against Maker; (d) the issuing
of any attachment or garnishment, or the filing of any lien against
any property of Maker; or (e) the taking of possession of any
substantial part of the property of Maker at the insistence of any
governmental authority.  Upon an event of default, the holder may
declare a Default and the unpaid principal amount hereof shall
immediately be due.

     Holder shall have all of the rights and remedies of a creditor
under applicable law.  In the event that a Default is declared and
the Holder enforces his rights in a court of competent jurisdiction
located in the State of New York, Maker shall be liable for all
reasonable attorneys' fees and costs. This agreement shall be
governed by the laws of the State of New York.

     No delay or omission on the part of Holder in exercising any
rights hereunder shall operate as a waiver of such or of any other
rights under this Note.  Presentment, demand, protest, notice of
dishonor and all other notices are hereby waived by Obligor.  Any
notice to Maker shall be sufficiently served for all purposes if
placed in the mail, postage prepaid, addressed to, or left upon the
premises at the address shown below or any other address shown on
Holder's records.

                                         S/Joseph L. Murphy
                                        Joseph L. Murphy

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