Document:

THIS NOTE HAS NOT BEEN, AND THE COMMON STOCK TO BE ISSUED UPON CONVERSION HEREOF
WILL NOT, UPON THE ISSUANCE  THEREOF,  HAVE BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE "ACT"),  OR QUALIFIED  UNDER STATE  SECURITIES LAWS
AND MAY NOT BE SOLD, PLEDGED, OR OTHERWISE  TRANSFERRED UNLESS (A) COVERED BY AN
EFFECTIVE  REGISTRATION  STATEMENT UNDER THE ACT, AND QUALIFIED UNDER APPLICABLE
STATE  SECURITIES LAWS, OR (B) THE COMPANY HAS BEEN FURNISHED WITH AN OPINION OF
COUNSEL  ACCEPTABLE  TO THE  COMPANY  TO THE  EFFECT  THAT  NO  REGISTRATION  OR
QUALIFICATION IS LEGALLY REQUIRED FOR SUCH TRANSFER.

                           BODYGUARD RECORDS.COM, INC.
                       9% NON-NEGOTIABLE CONVERTIBLE NOTE
                              DUE FEBRUARY 9, 2002

February 8, 2001                                                        $10,000

         FOR VALUE  RECEIVED,  Bodyguard  Records.com,  Inc., a privately  owned
Delaware  corporation with principal  offices at 138 Fulton Street (the "Maker")
for value received, hereby promises to pay to the order of James T. Patten, with
an office at P.O. Box 682,  Bernardsville,  NJ 07924, or his permissible assigns
(the "Holder"), the principal sum of Ten Thousand Dollars in lawful money of the
United  States of America,  the with interest at a rate of nine (9%) percent per
annum.

         1. Payments.

         (a)  Interest.  A single  interest  payment of Nine  Hundred and 00/100
($900)  Dollars shall be payable on the 30th business day following the one year
anniversary  of the  execution of this Note (the "Due Date").  In the event that
the  required  interest  payment  shall not be paid when due,  and shall  remain
unpaid for a period of five business (5) days or more, then a late charge of two
(2%) percent  shall be due and owing for each month or any portion  thereof that
such payment shall remain unpaid.

         (b)  Principal.  Unless  sooner  converted as  hereinafter  enumerated,
payment  of the full  principal  amount due under this Note shall be made on the
Due Date. In the event that the principal shall not be paid on the Due Date, and
shall remain unpaid for a period of five business (5) days or more,  then a late
charge of two (2%) percent  shall be due and owing for each month or any portion
thereof that such payment shall remain unpaid.

         2. Conversion.

         At any time and from  time to time  following  the  termination  of the
Maker's public offering of shares of its common stock, $.001 par value per share
(the "Shares"),  pursuant to SB-2  Registration  Statement  Number  333-40444 as
filed  with  the  Securities  and  Exchange  Commission  on June 29,  2000  (the
"Offering"), but prior to the Due Date and

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not  thereafter,  the Holder  shall have the right to convert the entire  unpaid
principal  balance and all unpaid  interest but not less,  into  authorized  but
unissued,  fully paid and  non-assessable  but  unregistered  (i.e.  restricted)
Shares.  The  Maker  shall  furnish  the  Holder  with  written  notice  of  the
termination of the Offering.

         (a) Conversion  Price.  The price the Maker utilized in determining how
many  Shares  the Note  Holder is to  receive  is $1.00 per Share  which  price,
although arbitrarily determined, is nonetheless hereby acknowledged and accepted
by the  Maker  and  Holder  as fair and  equitable  given  the  Maker's  lack of
operations  and  immediate  need for  capital.  Accordingly,  this Note shall be
convertible into an aggregate of 10,000 Shares.

         (b) Manner of Conversion.  On the Holder's presentation to the Maker of
a duly  executed  Notice of Conversion in the form annexed to this Note together
with the  original  executed  copy of this Note,  the Holder  shall be entitled,
subject to the limitations  herein contained,  to receive in exchange therefor a
certificate or certificates  for fully paid and  non-assessable  Shares,  on the
basis enumerated  herein. No Notice of Conversion may be sent by the Holder, and
the Maker shall not accept any Notice of Conversion  during the  Offering.  This
Note shall be deemed to have been  converted and the person  converting the same
to have  become  the holder of record of Shares,  for the  purpose of  receiving
dividends and for all other purposes  whatever as of the date when the Notice of
Conversion and this Note are  surrendered  to the Maker as aforesaid.  The Maker
shall not be required to make any such conversion, and no surrender of this Note
shall be  effective  for such  purpose,  while the books for the transfer of any
class of stock are closed for any  purpose,  but the  surrender of this Note for
conversion  during any period while such books are closed shall become effective
for all purposes of conversion  immediately upon the reopening of such books, as
if the conversion had been made on the date this Note was surrendered.

         (c) No Fractional  Shares.  No fractional Shares shall be issuable upon
any  conversion,  it being  intended  and agreed that the number of Shares to be
received by a Holder upon  conversion of this Note be rounded out to the nearest
whole share.

         (d)  Reservation  of Shares.  So long as any  portion of the  principal
amount of this Note  shall  remain  unpaid,  the Maker  shall  reserve  and keep
available out of its authorized and unissued common share capitalization, solely
for the purpose of effecting the conversion of this Note,  such number of Shares
as shall from time to time be sufficient to effect the  conversion of the unpaid
principal  balance and accrued  interest of this Note. The Maker shall from time
to time increase its authorized common share  capitalization and take such other
action as may be  necessary  to  permit  the  issuance  from time to time of the
Shares as fully paid and  non-assessable  securities upon the conversion of this
Note.

         (e)  Payment of Taxes.  The Maker shall pay any and all taxes which may
be imposed  upon it with respect to the issuance and delivery of the Shares upon
the conversion of this Note as herein provided.  However, the Maker shall not be
required in

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any event,  to pay any transfer or other taxes by reason of the issuance of such
Shares in names other than that of the Holder and no such conversion or issuance
of Shares shall be made unless and until the person requesting such issuance has
paid to the  Holder  the  amount  of any such  tax,  or has  established  to the
satisfaction  of the Maker,  and its transfer agent, if any, that no such tax is
payable or has been paid.

         (f) Dividends. Upon any conversion of this Note, as herein provided, no
adjustment or allowance shall be made for  accumulated  dividends on the Shares,
all rights to  dividends,  if any,  shall  commence  as of the date of  issuance
thereof,  and nothing in this sentence shall be deemed to relieve the Maker from
its obligation to pay any dividends which shall thereafter be declared and shall
be payable to Holders of Shares of record as of a date prior to such  conversion
even though the payment  date for such  dividend  is  subsequent  to the date of
conversion.

         (g) Investment Representations. The Holder has been advised, and by the
acceptance  of this  Note,  agrees  and  acknowledges  that  none of the  Shares
issuable  upon  conversion  of this Note  shall have been  registered  under the
Securities  Act of 1933,  as amended  (the "Act") or under any state  securities
law;  and that in including  the  conversion  option in this Note,  the Maker is
relying upon an exemption from registration  based upon the Holder's  investment
representations.  In this regard,  the Holder hereby  represents and warrants to
the Maker that:  (i) in the event the Holder  avails  him,  her or itself of the
conversion  feature  of this  Note,  the  Holder  will  acquire  the  Shares for
investment  purposes and without a view to the transfer or resale thereof;  (ii)
in the event the Holder avails him, her or itself of the  conversion  feature of
this Note, the Holder will hold the Shares for 24 months;  (iii) any sale of the
Shares will be  accomplished  only in accordance  with the Act and the rules and
regulations of the Securities and Exchange Act adopted thereunder;  and (iv) the
Holder hereby  consents to the issuance by the Maker of a 24 month stop transfer
order against any and all certificates  representing the Shares on the books and
records of the Maker and its transfer agent; and consents to the Maker placing a
24 month investment legend on any and all certificates representing the Shares.

         (h) Adjustment of Conversion  Rate. The conversion rate provided herein
shall be  subject  to  adjustment  from time to time only as  follows:  If, as a
result of a  reorganization,  recapitalization  or stock  split  (other  than in
connection with the  consummation of the Maker's proposed  business  combination
with PetPlanet.com, Inc, and the four for twenty-five reverse split contemplated
thereby) the  outstanding  Shares of Common Stock of the Maker are  increased or
decreased, or changed into or exchanged for a different number or kind of shares
of stock or securities of the Maker, or of another corporation,  or changed into
or exchanged for cash, or if all or substantially all of the Maker's  properties
and assets are  distributed  to the holders of the Maker's  Common Stock,  or if
there is a  distribution  upon the Shares by way of a spin-off  of any shares of
capital stock or other  securities of any  subsidiary  or other  corporation  or
entity, then, upon any conversion hereof after the record date for determination
of the holders of the Shares  entitled  to  participate  in any such event,  the
holder hereof shall be entitled to receive such

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kind and number of shares of stock or securities or other property or cash as he
would have been  entitled  to  receive  had he owned the  Shares  issuable  upon
conversion  at the time of that  record  date.  If the  event  involves  another
corporation or another entity, then the Maker shall, as part of the transaction,
make  adequate  provision  for the  holder  hereof  thereafter  to  receive  the
securities, property or cash to which he is entitled under this Section 2.

         (i) Restrictions on Resale.  The Common Shares received upon conversion
of the Note,  shall be ineligible for public sale for a period of 24 months from
the date of  conversion  or such longer period (up to a maximum of two years) as
shall be mandated by the Securities and Exchange  Commission in connection  with
the Offering of the Shares.

         3. Events of Default. The maker shall be in default hereunder if one or
more of the following events shall occur and be continuing:

         (a) The Maker shall fail to pay  interest on this Note when due and the
failure shall  continue for a period of 30 days after notice of such default has
been received from the Holder; or;

         (b) default in the  performance of any obligation to the Holder hereof;
or

         (c) the making of a general assignment for the benefit of creditors; or

         (d) the filing of any petition of the commencement of any proceeding by
or against the Maker or any  guarantor for any relief under any  bankruptcy,  or
insolvency  laws or any laws related to the relief of debtors,  readjustment  of
indebtedness, reorganizations, compositions or extensions; or

         (e) the  appointment  of a receiver  of or the  issuance or making of a
writ or order of attachment or garnishment  against,  a majority of the property
or assets of the Maker; or

         (f) the  filing of a Tax Lien or warrant  or  judgment  in favor of the
United  States of America or State of New York Tax Lien or  judgment in favor of
the State of New York  against the Maker  hereof in an amount in excess of Fifty
Thousand  and  00/100  ($50,000)  Dollars  where  said Lien or  Judgment  is not
satisfied and  discharged  within ninety (90) days from the date of such filing.
The foregoing are collectively referred to as "Events of Default".

         4. Waiver of  Presentment,  Etc.  The Maker of this Note hereby  waives
presentment for payment, demand, notice of non-payment and dishonor, protest and
notice of protest;  and waives trial by jury in any action or proceeding arising
on, out of, under or by reason of this Note.

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<PAGE>

         The rights and  remedies of the Holder  hereof under this Note shall be
deemed cumulative, and the exercise of any right or remedy shall not be regarded
as  barring  any other  remedy or  remedies.  The  institution  of any action to
recovery  any portion of the  indebtedness  evidenced  by this Note shall not be
deemed a waiver of any other right of the Holder hereof.

         5.  Status of  Registered  Holder.  The Maker may treat the  registered
holder of this Note as the absolute owner of this Note for the purpose of making
payments of interest and for all other purposes and shall not be affected by any
notice to the contrary.

         6.  Restricted   Shares.  The  Holder  agrees  that  a  legend  reading
substantially as follows may be placed on any and every certificate representing
all or any portion of the Shares:

            "The shares  represented by this certificate have
            not been  registered  under the Securities Act of
            1933, as amended. These shares have been acquired
            for  investment  and  not  for   distribution  or
            resale.  They  may  not  be  mortgaged,  pledged,
            hypothecated or otherwise  transferred without an
            effective  registration statement for such shares
            under the  Securities  Act of 1933, as amended or
            an opinion of counsel satisfactory to the Company
            that  registration  is not  required  under  such
            Act."

           7. Notices. Any notice required or contemplated by this Note shall be
deemed  sufficiently  given if sent by registered or certified mail to the Maker
at its  principal  office or to the Holder at his address  shown on the books of
the Maker or at such other  address as the Holder may  delegate  in a notice for
that purpose and shall be deemed to have been sent on the date of mailing.

           8. Headings.  The headings in this Note are solely for convenience of
reference and shall not affect its interpretation.

           9.  Assignments.  This Note is  binding  upon and shall  inure to the
benefit  of  the  parties  hereto  and  their   respective   heirs,   executors,
administrators,  representatives and/or successors and assigns.  Notwithstanding
the  foregoing,  neither the Maker nor the Holder  shall  assign or transfer any
rights or  obligations  hereunder,  except that the Maker may assign or transfer
this Note to a successor corporation in the event of a merger,  consolidation or
transfer  or  sale  of all or  substantially  all of the  assets  of the  Maker,
provided that no such further  assignment shall relieve the Maker from liability
for the obligations assumed by it hereunder.

           10. Laws of the State of New Jersey.  This Note shall be deemed to be
made, executed and delivered in, governed by and interpreted under and construed
in all

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respects in accordance with the laws of the State of New Jersey, irrespective of
the place of domicile or residence of any Holder.  In the event of a controversy
arising out of the interpretation,  construction,  performance or breach of this
Agreement, the Maker and the Holder hereby agree and consent to the jurisdiction
and venue of the Superior Court of the State of New Jersey, Morris County and/or
the United  States  District  Court for the District of New Jersey;  and further
agree and  consent  that  personal  service  or  process  in any such  action or
proceeding  outside  of the  State of New  Jersey  and  Morris  County  shall be
tantamount to service in person within the State of New Jersey and Morris County
and shall confer personal jurisdiction and venue upon either of the said courts.

           11. Entire  Document.  Each of the parties hereby covenants that this
Note is intended to and does contain and embody herein all of the understandings
and agreements,  both written or oral, of the parties hereto with respect to the
subject  matter  of this  Note,  and that  there  exists  no oral  agreement  or
understanding, express or implied, whereby the absolute, final and unconditional
character  and nature of the Note shall be in any way  invalidated,  impaired or
affected. There are no provisions affecting or interpreting this Note other than
those set forth herein.

           The acceptance of any  installments  or payments by the Holder hereof
after the due date herein,  or the waiver of any other or  subsequent  breach or
default may prevent the Holder  hereof from  immediately  pursuing any or all of
his remedies.

                                         Bodyguard Records.com, Inc.

                                         BY:____________________________
                                                   John Rollo, President

ACCEPTED:

------------------------
      James T. Patten

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                              NOTICE OF CONVERSION

                       (To be signed only upon conversion
                                 of the Note.)

To: Bodyguard Records.com, Inc.

         The undersigned,  the holder of this Note, hereby irrevocably elects to
exercise  the  conversion  rights  represented  by this Note for, and to acquire
thereunder,  pursuant  to and in  accordance  with the  terms of this  Note,  an
aggregate  of  10,000  shares of Common  Stock,  $.001 par value per share  (the
"Shares") of  Bodyguard  Records.com,  Inc. at a  conversion  price of $1.00 per
Share,  and requests  that the  certificate(s)  for such Shares be issued in the
name of and be  delivered  to the  undersigned  at the address  appearing on the
books and records of the  Company,  and if such  Shares  shall not be all of the
Shares  converted  thereunder,  that a new Note of like tenor for the balance of
the unpaid and  unconverted  principal  amount due hereunder be delivered to the
undersigned.

Dated:________________________                _____________________________
                                              (Signature must conform in all
                                               respects to name of holder as
                                                specified on the face of the
                                                Note)

                                        7LICENSE  AGREEMENT made this 21st day of February,  2001 by and between
Bodyguard Records.com, Inc., a Delaware corporation with an office at 138 Fulton
Street,  New York, NY 10038. USA (hereinafter  called  "Bodyguard") and Atlantic
International  Capital Holdings,  a Bermuda  corporation with an office at P. O.
Box HM1564, Hamilton,  HMFX, Bermuda (hereinafter called "AICH").  Bodyguard and
AICH  are  sometimes  hereinafter  individually  referred  to as a  "Party"  and
collectively as the "Parties".

         WHEREAS, AICH owns or controls: (i) all rights in and to the multitrack
tape or  two-track  stereo  master tape either  mixed from or recorded  from the
original   multitrack  tape  comprising  the  master  recordings  of  the  music
comprising the first commercial sound recording (the "Master Recording") by Matt
Chase, formerly known as Matt Cheplic,  Daphne Hero and Jake Thomas (hereinafter
collectively  called the "Artists");  and (ii) all right,  title and interest in
and to the artist recording agreements  underlying and giving rise to the Master
Recordings,  including all options for additional Master Recordings (hereinafter
called the "Artist Agreements"); and

         WHEREAS,   Bodyguard  is  desirous  of  obtaining   the  exclusive  and
transferable right and license to manufacture,  market, promote,  distribute and
sell  the  compact  discs,  cassette  tapes,  records,  and any  other  audio or
sound-carrying  reproductions  now  known or which  may  hereinafter  come  into
existence  embodying the Master  Recordings  (the  "Records")  under any and all
circumstances or through any means  whatsoever  together with any and all rights
owned or acquired  by AICH under and  pursuant  to the  Agreements  (hereinafter
collectively called the "License")  throughout the universe  (hereinafter called
"Licensed Territory" or "Territory"); and

         WHEREAS, AICH is willing to grant the License to Bodyguard on the terms
and subject to the conditions hereinafter set forth.

         NOW, THEREFORE, in consideration of the warranties, representations and
covenants  hereinafter  made by the parties  hereto,  Bodyguard  and AICH hereby
agree as follows:

         1. Representations and Warranties of AICH.

         A. AICH hereby  warrants,  represents  and  covenants  that it has full
rights, power and authority to execute,  deliver and perform this agreement (the
"Agreement"),  that AICH has no existing  commitments with respect to the Master
Recordings and/or the License (hereinafter collectively called the "Rights") and
that there exists no adverse  claim in and to the Rights,  and hereby  grants to
Bodyguard the following for the term of the Agreement;

         B. AICH  hereby  warrants  that AICH and the  Artists  covered  by this
Agreement  have no oral or  written  obligations  contracts,  or  agreements  of
whatever  nature entered into prior to the signing of this  Agreement  which are
now in force and binding and which would in any way interfere  with carrying out
this Agreement to its full intent and purpose;

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         C. That no materials submitted by AICH will violate any law, or violate
or  infringe  upon the  rights of any  person,  including,  without  limitation,
contractual rights,  intellectual property rights,  publicity and privacy rights
and the rights against libel, defamation and slander;

         D. That the use of Artists' names, likenesses and biographies shall not
infringe upon the rights of any person or entity;

         E. AICH owns the right to use and publish  and to permit  others to use
and publish the names  (including any professional  names  heretofore  adopted),
likenesses  of and  biographical  material  concerning  AICH and the Artists for
advertising and trade purposes in connection  with the sale and  exploitation of
the Master Recordings and compact discs produced from the Master Recordings; and

         F. AICH owns the right to release records  manufactured from the Master
Recordings under the name of Bodyguard  Records.com or any other such trade name
or mark as Bodyguard may elect;

         2. Grant of Rights.

AICH hereby grants the following to Bodyguard:

         A. The Rights for a period of twenty (20) years;

         B. The non-exclusive right to use, or license others to use, the names,
artwork  negatives,  likenesses or biographies of the Artists whose performances
are embodied in the Master Recordings for the purpose of advertising,  promotion
or sale of the Records;

         C. AICH hereby grants to Bodyguard,  its associates,  subsidiaries  and
nominees:  (i) the right to  manufacture,  advertise,  sell,  lease,  license or
otherwise  use or  dispose  of in  any or all  fields  of  use,  throughout  the
Universe,  records embodying the performances addressed hereunder;  and (ii) the
right to use the Artists names and  photographs if desired,  in connection  with
the exploitation of the Records;

         D. The  non-exclusive  right to license others to use Master Recordings
for commercials,  television productions,  music videos, television commercials,
motion  pictures and any other  audio-visual  or multi-media  reproductions  now
known or which may  hereafter  come into  existence  without  the prior  written
consent of AICH;

         E. The  non-exclusive  right to use, or license  others to use,  AICH's
trademarks  and logos  (hereinafter  called  "Marks")  only on the Records or in
connection with the marketing thereof, if Bodyguard chooses to do so;

         F. Bodyguard shall have the unlimited, exclusive rights, throughout the
Territory to publicly perform or to permit the public  performance of the Master
Recording  by  means  of  radio   broadcast,   cable   transmission,   satellite
transmission, television broadcast

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or any other  method now or  hereafter  known,  including,  without  limitation,
digital downloading or streaming media delivery; and

         G. Recoupable expenses, as covered by this Agreement,  will include any
and all of the  following  expenses,  if  provided  by  Bodyguard  to AICH:  (i)
one-hundred percent (100%) of any andf all recording studio time, (which will be
billed at One Hundred and Fifty ($150.00) Dollars per hour for recording, mixing
and remixing time); (ii) mastering  services;  (iii) compact disc manufacturing;
(iv) DVD  manufacturing;  (v)  engineering  fees;  (vi)  graphic  design;  (vii)
photography;   (viii)  publicist  fees;  (ix)  print  advertising;  (x)  session
musicians;  (xi) advances;  (xii) salary or financial  compensation of any kind;
(xiii) food, fuel and accommodation expenses during promotional  appearances and
touring;  and (xiv) fifty (50%) percent of the cost of a any  promotional  video
and cable television commercial, that Bodyguard elects to film.

         3.  Artist  Royalties,  Traditional  Compact  Discs and  Retail  Sales.

         A.  Bodyguard  will be  responsible  for  paying the  Artists'  royalty
according  to the  Artists  Agreements  for the  Rights  granted  herein and the
services to be rendered hereunder by the Artists; and

         B.  Bodyguard  will  pay  AICH  a  royalty  of  ten  percent  (10%)  of
Bodyguard's  gross income for each Record  manufactured and "Sold" featuring the
Artists covered by this Agreement for sales of Record via Retail outlets or sold
via digital distribution throughout the Territory by Bodyguard or its associates
or subsidiaries,  after recoupment, as defined in this Agreement. "Sold" will be
defined as "payment has been received by Bodyguard and  Bodyguard's  account has
been credited."

         4. Free Downloads

Bodyguard  may at some  point,  elect  to  allow  consumers  an  opportunity  to
digitally  download one AICH  approved  song, in part or in whole by the Artists
for free, as part of a promotional  campaign.  No compensation  shall be paid to
AICH or the Artists for any free digital downloads. Digital Phonorecord Delivery
shall be  defined in this  Agreement  as the  transmission  from a web site of a
sound  recording  saved  as  a  computer  file,  using  compression  techniques,
downloaded  from a web site,  directly over the  Internet,  to the computer of a
consumer.

         5. Video Tape and DVD Releases

If Bodyguard should choose to film,  manufacture and commercially  release a VHS
tape, DVD, or other  audio/visual  medium now known or not yet known,  featuring
the  Artists,  AICH will be paid a royalty of ten percent  (10%) of AICH's Gross
Income for each VHS or DVD unit sold, after  recoupment.  Bodyguard will pay the
Artists a royalty for said VHS and/or DVD release  based upon the terms of their
respective Artist Agreements.

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         6. Inclusive Royalties.

The royalties paid to AICH and the Artists after  recoupment  shall be inclusive
of any  mechanical  royalties  and any other  fees to which the  Artists  may be
entitled.  Royalties earned by AICH and the Artists via traditional compact disc
sales,  via Digital  Downloads  and/or from the sale of VHS or DVDs will be "all
in."

         7. No Promotions, Etc.

No royalties will be paid to AICH on records given away for promotional purposes
to fan club contest winners, disc jockeys, magazines, newspapers, radio stations
and television outlets, etc. Furthermore, AICH will not receive royalties on any
records that are returned from a distributor or that are damaged in shipping and
are no longer deemed fit for sale to the public.

         8. Statements of Account.

         A. Bodyguard shall render to AICH an account statement,  reflecting the
items for which  Bodyguard  shall be  accountable to AICH  hereunder,  quarterly
within sixty (60) days after March 31, June 30,  September 30 and December 31 of
each year covering each immediately preceding quarterly period, and shall pay to
AICH all such  amounts  shown to be due  upon the  rendition  of each  quarterly
accounting  statement  in such  currency  and to such bank  account  as AICH may
designate.

         B. It is understood and agreed that all such amounts shown to be due on
each  accounting  statement  represent  only  such  amounts  as shall  have been
received and processed by Bodyguard from its  Distributor(s) by the deadline for
processing each such account.

         9. Sample Copies.

Bodyguard  shall  provide AICH,  free of charge,  with Ten (10) sample copies of
Records released in Licensed Territory as soon as such copies are available.

         10. Duplicates.

Upon  Bodyguard's  request,  AICH  shall  deliver  to  Bodyguard  a copy  of the
requested  Master  Recordings  in duplicate  tape,  digital tape or compact disc
form, as may be selected and ordered by Bodyguard.

           11.       Inspections.

         A. AICH and/or the Artists may inspect,  or appoint its representatives
to inspect,  upon reasonable  notice to Bodyguard,  at the place of business and
during usual business hours of Bodyguard, all books, records and other documents
relating to this  agreement,  to the extent  necessary to verify the accuracy of
the accounting statements and payments hereunder.

         B. Such inspection shall be conducted at AICH's own expense.

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Bodyguard  will present the books and records  which are necessary to verify the
accuracy of the  information in the royalty  statement that AICH is questioning.
Bodyguard  shall have no  obligation to produce said books and records more than
once with respect to each statement  rendered to AICH, nor more than once in any
calendar year.

         12. Rights to Master Recordings.

It is understood and agreed that all tapes,  acetates,  stampers,  or duplicates
thereof, of Master Recordings, and all rights in and to Master Recordings remain
the sole and exclusive property of AICH, subject to the rights herein granted by
AICH to Bodyguard.

         13. Destruction.

Upon the expiration or termination of this  Agreement,  all parts, or duplicates
thereof,  of Master  Recordings shall be, at the option of AICH, either returned
to AICH or destroyed under the supervision of such agent as may be designated by
AICH.  AICH  shall be  responsible  for all costs of  packing  and  shipping  or
destruction thereof.

         14. Legal Actions.

Bodyguard  may institute or defend any action,  suit,  claim or otherwise at its
sole  discretion  and  expense to protect  any right or  interest  in and to the
Master  Recordings.  Any  recovery  which may be obtained by Bodyguard by way of
settlement,  judgment or  otherwise  shall be divided  equally  between AICH and
Bodyguard,  less  all of  Bodyguard's  expenses  thereof,  including  reasonable
attorney fees.

         15. Required Notice.

No failure by Bodyguard to perform any of its  material  obligations  under this
Agreement  shall be deemed a material  breach of this  Agreement  until AICH has
given  Bodyguard  written  notice of such  breach  and such  breach has not been
corrected within sixty (60) days after the giving of such notice.

         16. Amendment.

This  Agreement  may be amended by the Parties  hereto by action  taken by their
respective  Boards of Directors at any time.  This  Agreement may not be amended
except by an  instrument  in  writing  signed  on behalf of each of the  Parties
hereto.

         17. Binding Effect and Assignments.

All of the terms and  provisions  of this  Agreement  shall be binding  upon and
shall inure to the benefit of and be  enforceable  by and against the successors
and assigns of the Parties  hereto.  This  Agreement  may not be assigned by any
Party without the written consent of the other Party.

                                        5

<PAGE>

         18. Entire Agreement.

Each of the Parties hereby covenants that this Agreement is intended to and does
contain and embody herein all of the understandings and agreements, both written
and oral,  of the  Parties  hereby with  respect to the  subject  matter of this
Agreement, and that there exists no oral agreement or understanding,  express or
implied,  whereby the absolute,  final and unconditional character and nature of
this Agreement shall be in any way invalidated, empowered or affected. There are
no representations, warranties or covenants other than those set forth herein.

         19. Laws of the State of New Jersey.

This Agreement  shall be deemed to be made,  executed and delivered in, governed
by and  interpreted  under and construed in all respects in accordance  with the
laws of the  State of New  Jersey,  irrespective  of the  place of  domicile  or
residence  of  any  Party.  In  the  event  of  controversy  arising  out of the
interpretation,  construction,  performance  or  breach of this  Agreement,  the
Parties  hereby  agree and consent to the  jurisdiction  and venue of the United
States District Court for the Northern  District of New Jersey and further agree
and consent that  personal  service or process in any such action or  proceeding
outside of the State of New Jersey and in the City of Newark shall be tantamount
to service in person or within the State of New Jersey and in the City of Newark
and shall confer personal jurisdiction and venue on the said Court.

         20. Originals.

This Agreement may be executed in counterparts,  each of which so executed shall
be deemed an original and constitute one of the same Agreement.

         21. Address of Parties.

Each Party shall at all times keep the other informed of its principal  place of
business if different  from that stated herein,  and shall  promptly  notify the
other of any change, giving the address of the new principal place of business.

         22. Notices.

All notices that are required to be or may be sent pursuant to the provisions of
this Agreement shall be sent by certified mail, return receipt requested,  or by
overnight  package  delivery  service  to each  of the  Parties  at the  address
appearing herein,  and shall count from the date of mailing or the day after the
date of the airbill.

         23. Modification and Waiver.

A modification  or waiver of any of the  provisions of this  Agreement  shall be
effective  only if made in writing and executed with the same  formality of this
Agreement.  The failure of any Party to insist upon strict performance of any of
the  provisions  of this  Agreement  shall not be  construed  as a waiver of any
subsequent default of the same or similar nature or of any other nature or kind.

                                        6

<PAGE>

         24. Amendment

This  Agreement may not be amended  except by an instrument in writing signed on
behalf of each of the Parties hereto.

IN WITNESS THEREOF,  the Parties hereto have executed this agreement the day and
year first above written.

Bodyguard Records.com, Inc.

By:_______________________
       John Rollo, President

  Atlantic International Capital Holdings

By: ____________________________
      Richard A. Iamunno, President

                                        7

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