Document:

Exhibit 10.1

                                 PURCHASE ORDER

To:               Phoenix Multimedia, Inc.
From:             Global e Tutor, Inc.
Re:               Purchase Order Authorizing Phase One
Date:             August 31, 2000

This purchase order is being issued to purchase the services outlined in "The
Proposal for Global e Tutor" dated August 23, 2000, (a copy of which is attached
hereto and by reference made a part hereof) (and which includes Amendments 1 and
2).

In addition, Global e Tutor, adds and/or amends the Proposal with the following
language and makes it an integral part thereof:

          1.  Under the heading "Hosting", we add the following language:

              "The initial hosting rate will be $139.00 per month, and this rate
              will increase as the number of users increase. The cost of hosting
              will be reviewed and more clearly defined in Phase 2 of the GET
              and Phoenix relationship."

          2.  Under the heading "Payment Plan", we add the following language:

              "The remaining balance of $66,000 will be paid in 4 equal monthly
              installments of $16,500 each beginning September 8, 2000."

          3.  The language under the heading "Payment Plan" that states
              "Remaining balance of $66,000 due Sept. 8, 2000." will be deleted
              from the Proposal.

Global e Tutor will wire the first installment of $66,000.00 to Phoenix
Multimedia's bank upon Phoenix's acceptance of this Purchase Order.

Agreed to by:

Global e Tutor, Inc.                         Phoenix Multimedia, Inc.

/s/ Jerry Barton                              /s/ Wm. Cole Smit
---------------------------                  --------------------------
Jerry Barton, President/CEO                  Cole Smith, President/CEO
Date: August 31, 2000                        Date: September 1, 2000

<PAGE>

                                   Proposal
                                      For

                                  Global eTutor

                                 August 23, 2000

                             [GRAPHIC OMITTED](TM)

                            Phoenix Multimedia, Inc.
                               689 Discovery Drive
                              Huntsville, AL. 35806

                                   Support:

       Mark Brown, Senior Director of Marketing (256) 464-6600 ext. 115

<PAGE>

                                                           [GRAPHIC OMITTED](TM)

                               [GRAPHIC OMITTED]

                      .        Acknowledgment

[GRAPHIC OMITTED]              [GRAPHIC OMITTED

                      .        Program
                      .        Specs
                      .        Visual Theme
                      .        Functionality

[GRAPHIC OMITTED]              [GRAPHIC OMITTED]

                      .        Schedule
                      .        Costs
                      .        Hosting
                      .        Deliverables
                      .        Payment Plan
                      .        Ownership

[GRAPHIC OMITTED]              [GRAPHIC OMITTED]

                      .        Client Responsibilities
                      .        Communicating Change
                      .        Project Baseline

[GRAPHIC OMITTED]              [GRAPHIC OMITTED]

                      .        Communicating Change
                      .        Project Baseline

<PAGE>

[GRAPHIC OMITTED]              [GRAPHIC OMITTED]

                      .        Who We Are
                      .        What We Do
                      .        How We Work
                      .        Commitment to Quality
                      .        Conclusion

<PAGE>

Global e Tutor
Web Site-- Phase One
                                 [GRAPHIC OMITTED]

                                 Phoenix Multimedia is pleased to deliver the
                                 following proposal, for production of Phase One
                                 of the Global eTutor Web Site. As this entire
                                 web site is expected to reach into the
                                 multimillion dollar level, we have opted to
                                 take a phased approach in order to satisfy the
                                 immediate needs of Global eTutor and position
                                 the company best for future developments. If
                                 you have any questions or would like to modify
                                 proposal components, please contact Mark Brown
                                 (256) 464-6600 ext. 115.

                                 [GRAPHIC OMITTED]

PROGRAM                          The website will contain a custom Look & Feel,
                                 specially designed for Global eTutor, a splash
                                 intro animation developed in Flash, and site
                                 structure and functionality as outlined in the
                                 attached hierarchy.

SPECS                            Browser-based solution designed will be
                                 optimized for use in Internet Explorer 5.0+.
                                 Flash display requires the user to have the
                                 Flash player on their computer, which ships
                                 with many browsers in use today, including
                                 Internet Explorer 5.0+. Tutorials require
                                 download of the Streammaker player, a small
                                 download.

VISUAL THEME                     Graphics from which to base the Look & Feel
                                 will be delivered by Global eTutor and enhanced
                                 by Phoenix Multimedia for delivery on the
                                 Internet in an entertaining, professional,
                                 family-friendly interface.

                                 The initial site page will be positioned as a
                                 splash screen, where the user will be able to
                                 view a high-impact Flash Intro or skip into the
                                 site main introductory page directly. Each tree
                                 in the hierarchy will have a slightly
                                 different, yet complementary Look, toned for
                                 its target audience and contents.

                                 Each of the six trees in the hierarchy will
                                 have its own Flash commercial, approximately
                                 10-20 seconds in length. In addition, ten 5-10
                                 second Flash animated

[GRAPHIC](TM)
--------------------------------------------------------------------------------
<PAGE>

Global e Tutor
Web Site-- Phase One

                                 design components will be made for portal
                                 areas, such as: music, games, TV/movies,
                                 sports, clubs, etc.

FUNCTIONALITY                    Site structure and navigational functionality
                                 will be developed according to the accompanying
                                 hierarchy. The site will be designed with an
                                 intuitive easy to use interface. A site map
                                 will also be provided, as a means for users to
                                 quickly jump to various public areas within the
                                 web site.

                                 User registration will be required to
                                 enter portal areas. Users will be asked to
                                 enter a username and email address. This
                                 information will then be stored in a database
                                 designed for Global eTutor. Global eTutor will
                                 be able to view their customer usernames and
                                 email addresses via a browser-based
                                 administrative interface.

                                 Once logged in to one portal area, users who
                                 visit an additional portal area will be
                                 automatically recognized so that they do not
                                 have to log in again.

                                 Under the contact us area in the corporate
                                 section, email links to each Global eTutor
                                 department will be featured. Also, a JavaScript
                                 e-mail form will be included so that visitors
                                 will be able to use a pulldown menu to select a
                                 recipient at Global eTutor, compose their
                                 message, and hit 'Send Message' to contact
                                 Global eTutor.

                                 [GRAPHIC OMITTED]

SCHEDULE                         Phoenix Multimedia, Inc. will deliver Phase One
                                 on or before October 2, 2000, dependant on
                                 timely delivery of assets (text in electronic
                                 format, graphics from which to base look &
                                 feel, and timely milestone sign-off approvals.)
                                 A timeline is attached to this document.

COSTS                            Project Management
                                 Graphics
                                 Animation
                                 Internet Creative Programming

[GRAPHIC](TM)
--------------------------------------------------------------------------------
<PAGE>

Global e Tutor
Web Site-- Phase One

                                 Internet Technical Programming
                                 Back-end Database Programming
                                 Testing
                                 ----------------------------------
                                 Total:               $132,000

HOSTING                          Phoenix Multimedia will host the Global eTutor
                                 web site at a TBD rate, not included in this
                                 proposal.

PAYMENT PLAN                     $66,000 due at contract signing, prior to work
                                 performed. Payment to be made by certified
                                 check or money order payable to the order of:

                                 Phoenix Multimedia, Inc.

                                 689 Discovery Drive

                                 Huntsville , AL. 35806

                                 Remaining balance of $66,000 due Sept. 8, 2000.

OWNERSHIP                        Global eTutor will own the use of code
                                 generated for Phase One of the Global eTutor
                                 web site. This ownership is non-transferable
                                 and code cannot be transferred or replicated
                                 without prior written approval from Phoenix
                                 Multimedia. Phoenix Multimedia retains the
                                 right to demonstrate any sections of the
                                 completed program as part of on-going marketing
                                 efforts.

                                 [GRAPHIC OMITTED]

CLIENT                           Timely delivery of assets in electronic format,
RESPONSIBILITIES                 meetings, and sign-off approvals according to
                                 attached timeline.

                                 Designated single point of contact, POC, with
                                 sign-off authority.

                                 [GRAPHIC OMITTED]

COMMUNICATING                    To assess a change, Phoenix's POC, and Global
CHANGE                           eTutor's POC, will discuss the new change
                                 needed, noting the details of the change,
                                 reasons for the change, and effects the
                                 change will have on the

[GRAPHIC](TM)
-------------------------------------------------------------------------------
<PAGE>

Global e Tutor
Web Site-- Phase One

                                 project. Phoenix Multimedia, Inc will then
                                 evaluate the effects of the change on the
                                 program design and on the approved schedule and
                                 budget.

                                 After reviewing these effects, if there is
                                 agreement to implement a change, Phoenix
                                 Multimedia, Inc will prepare a Change
                                 Authorization form for approval by Global
                                 eTutor. The form details costs that may be
                                 incurred when the change is made.

                                 If a change cannot be accommodated, Phoenix
                                 Multimedia, Inc.'s POC will explain the reasons
                                 to Global eTutor and suggest alternative ideas
                                 wherever possible.

PROJECT BASELINE                 When assessing changes in the scope of
                                 work, Phoenix Multimedia, Inc. also project
                                 deliverables as a baseline reference. The
                                 effects of a change will always be measured
                                 with respect to work already completed.

                                 [GRAPHIC OMITTED]

GENERAL                          Who We Are
CORPORATE                        Phoenix Multimedia, Inc. provides a full
                                 schedule of services for custom design
                                 and development of training and performance
                                 improvement applications, and web-based
                                 infotainment and multimedia software products.

                                 We have developed applications in all the
                                 traditional and multimedia formats. Our
                                 production processes are built on a foundation
                                 of research in media and computer
                                 technologies. Our client list includes major
                                 corporations, government, educational
                                 institutions, television stations, and
                                 libraries.

                                 We have earned a reputation for creativity and
                                 design excellence. Our staff consists of
                                 recognized and experienced professionals who
                                 place the highest priority on quality. Our
                                 concern for the satisfaction of

[GRAPHIC](TM)
-------------------------------------------------------------------------------
<PAGE>

Global e Tutor
Web Site-- Phase One

                                 our customers is paramount in our business
                                 philosophy.

                                 Our location provides us with a unique ability
                                 to travel to any location in the world with
                                 ease, through Huntsville International
                                 Airport.

                                 What We Do
                                 The professional staff at Phoenix Multimedia,
                                 Inc. performs analysis, design, development,
                                 production, engineering, and programming
                                 services. We are not restricted by a technical
                                 specialization. Instead, our applications are
                                 based on delivery platforms that conform best
                                 with client requirements. We employ
                                 instructional designers, writers, graphic
                                 artists, software engineers, programmers, and
                                 video production specialists.

                                 Our programmers have expert command of a wide
                                 variety of hardware and software, including
                                 every major authoring system for
                                 computer-based training on CD-ROM and Internet
                                 /Intranets.

                                 Our graphics staff is comprised of talented
                                 artists with experience in computer
                                 technology, quality graphics, and animation
                                 techniques. They provide support for
                                 productions on the Internet, Intranets, video,
                                 audio, and print.

                                 We can deliver complete applications or
                                 provide individual services to augment the
                                 in-house abilities of our clients.

                                 How We Work
                                 Phoenix Multimedia, Inc. is committed to close
                                 co-operation with clients throughout our work
                                 processes. We have developed precise methods
                                 to control every aspect of our activity and we
                                 review status frequently to

[GRAPHIC](TM)
--------------------------------------------------------------------------------
<PAGE>

Global e Tutor
Web Site-- Phase One

                                 make sure we are on target. Coupled with formal
                                 reviews by project phase, these methods ensure
                                 that our applications are delivered on time and
                                 on budget.

                                 Commitment to Quality
                                 Phoenix Multimedia, Inc. facilities, equipment,
                                 and organizational structure contributes to our
                                 winning track record of successful
                                 accomplishment of client's goals -- with
                                 maximum cost-efficiency. The functional design
                                 and development process Phoenix Multimedia will
                                 employ to produce this product will include
                                 control points for review of work-in-progress.
                                 We will make every effort to eliminate errors
                                 from deliverables before shipment. Likewise,
                                 detailed documentation of our work-in-progress
                                 and project management reports will help
                                 anticipate problems before they occur. Our
                                 clients, therefore, effectively control content
                                 integrity and costs, and meet their deadlines,
                                 while maintaining overall product quality.

CONCLUSION                       Phoenix Multimedia, Inc. looks forward to
                                 developing a Phase One of the Global eTutor
                                 website, and subsequent projects.

                                 If you have any questions about the information
                                 contained in this document, please telephone
                                 Mark Brown at (256) 464-6600 ext. 115.
<PAGE>

Development Schedule

Development Schedule 08/23/2000

<TABLE>
<CAPTION>
=====================================================================================================================
Activity                                                                                                  Finish
                                                                                            Start Date    Date
=====================================================================================================================
<S>                                                                                         <C>           <C>
=====================================================================================================================
Kick-off Meeting                                                                            8/16/00       8/16/00
=====================================================================================================================
Hierarchy Review & Sign-Off Approval*                                                       8/18/00       8/25/00
=====================================================================================================================
Delivery of all graphics by GET (includes obtaining necessary use permissions)*             8/28/00       8/28/00
=====================================================================================================================
Delivery of all text by GET (includes obtaining any necessary use permissions)*             9/4/00        9/4/00
=====================================================================================================================
Look & Feel Review                                                                          9/11/00       9/11/00
=====================================================================================================================
Look & Feel Finalization & GET Sign -off Approval*                                          9/11/00       9/15/00
=====================================================================================================================
Flash Presentation Kick-Off Meeting (PMM/GET Brainstorming Session)**                       8/28/00       8/28/00
=====================================================================================================================
Flash Presentation Development**                                                            8/28/00       9/23/00
=====================================================================================================================
Site Structure Programming                                                                  8/25/00       9/16/00
=====================================================================================================================
Database / Technical Programming                                                            9/6/00        9/30/00
=====================================================================================================================
Integration                                                                                 9/21/00       9/27/00
=====================================================================================================================
Testing & Upload                                                                            9/25/00       10/2/00
=====================================================================================================================
Delivery                                                                                    10/2/00
=====================================================================================================================
</TABLE>

*Any delay in delivery of content and/or approval signatures will result in
extension of the timeline and delivery date.
Our review process includes up to two minor revisions per approval. Increased
revisions or change of mind may change the scope of work and cause additional
fees and timeline extension. Phoenix Multimedia will advise GET of such fees
prior to occurance.

** Phoenix Multimedia is being given artistic freedom in the design and
placement of these Flash presentations, and will base the development of these
presentations off of ideas generated in the PMM/GET Brainstorming Session.

Confidential --Phoenix Multimedia, Inc.
Created by: Angela Wessling
Email address: angela@phoenixmm.com
               --------------------
<PAGE>

Debbie Ward
--------------------------------------------------------------------------------

From:     "Gary Gardner' <gary@phoenlxmm.com>
To:       <debbieward@gtutor.com>
CC:       "Mark R. Brown" <mbrown@phoenixmm.com>; "Angela Wessling"
          <angela@phoenixmm.com>; "Cole Smith" <cole@phoenixmm.com>;
          <bradvick@davidsonenterpr.com>
Sent:     Tuesday, August 29,200O 4:18 PM
Subject:  Global-e-tutor's Questions.

Ms. Ward:

Following is an attempt to answer the questions raised regarding the proposal
sent to Global-e-tutor, Inc by Phoenix Multimedia, Inc., dated August 23, 2000.

  1)  Regarding the use of code provision that is outlined on page 3 of the
  proposal, we just want some more clarification on what that means in terms of
  how we can and can't use the code according to the proposal.

  As Cole Smith indicated the Web site will belong to Global-e-tutor, Inc. The
  operating code (@Leap software) is proprietary to Phoenix Multimedia. Phoenix
  is licensing the use of the code to Global-e-tutor, Inc.
  2)  Will the community elements including web based mail fall under Phase 1 at
  all, or is it to be built later?
  Phase one includes User registration to enter portal areas. Users will be
  asked to enter a username and email address. This information will then be
  stored in a database designed for Global eTutor. Once logged in to one portal
  area, users who visit an additional portal area will be automatically
  recognized so that they do not have to log in again. Phase one does not
  include any other community elements.

  3)  Hosting cost according to the proposal is TBD. Is it possible to have some
  kind of idea at this point and/or a cap?
  This is a more difficult question as cost are tied to usage. A indicated by
  Cole Smith the initial cost would be $139.00 per month and would be adjusted
  based on monthly usage.

  4)  What kind of editing capabilities does GET or GET contractors have?
  -We could give you dial-up access for your web developers to make text
  changes, etc. to the web site. Your developers would maintain the text, etc.
  Phoenix would maintain the db. Alternatively, we could offer a monthly fee and
  hire some staff to maintain the site for Global-e.

  5)  If no community elements are built into Phase 1, what kind of access will
  GET have to the database that holds the email, usernames, and passwords
  customers put in the first time they visit the site? (We want to communicate
  with them and ensure that the information they use remains the same for when
  they officially register and we begin to collect more quantities of data.)
  Global eTutor will be able to view their customer usernames and email
  addresses via a browser-based administrative interface, Global eTutor will be
  able to click on each email address to send email to the user (via the default
  mail client for the workstation used to access Global eTutors admin area).
  Global eTutor will be able to send email to all user at once as well (via the
  default mail client for the workstation used to access Global eTutors admin
  area).

  6)  Is the e-learning center, the main place on the site that GET and PMM will
  co-brand in Phase 1?
  YES, the elearning center will be the main place. However, "Site developed by
  Phoenix Multimedia, Inc." will appear in fine print next to Global eTutor
  copyright information throughout the site.

  7)  Will any banner ad place holders be built into Phase 1 such that once we
  have certain advertisers, even if they come after
  Phase 1 is built, we can still "plug them in" to the place holder?
  This is the first mention of this need. We can build a placeholder into the
  site template, however, Phase One does not include development of or placement
  of banners throughout the site.
<PAGE>

I believe that it would be wise for our technical people to get together with
you and yours at some point. I understand that it is important to only have one
POC, but this would be more for helping our team stay up to date on the site as
its being built, plus, I believe that as we are aggregating content, we have
some great ideas that we can implement in the site that can really make it a
great showcase for both PMM and GET. Our technical experts will be much more
capable of presenting the content to you from a technical perspective than I
will. One suggestion is that we could do pre-scheduled meetings when we have
content we would like to aggregate in the site, especially if the content has
specific technology related issues as to why we are interested in showcasing it.
If you could just let me know your thoughts on this, I would appreciate it.

    .  The Idea with a SPOC is to receive input after it is finalized, having
       gone through the company "decision-making" process.
    .  We could offer to conduct consultation sessions to help them make up
       their mind, charge them for consultative sessions and project scoping,
       and let them know it will impact the timeline.
    .  The aggressive development timeline for this project leaves no room for
       adding additional technical requirements, consultation meetings, or
       scoping outside the issued timeline and proposal.
    .  If their technical personnel have identified items "from a technical
       perspective" that they would like to see in the site, great! We can
       discuss building them into Phase Two.
    .  For Phase One, we are awaiting images and text content for each page.
       Technical functionality will be developed only as specifically outlined
       in the proposal.
    .  A brainstorming session is scheduled for Flash commercials.<PAGE>

                        PREMIUM ASSIGNMENT CORPORATION              EXHIBIT 10.2
<TABLE>
<S>      <C>        <C>                                                                                 <C>
[LOGO]   GEORGIA    P.O. Box 3066 - 3522 Thomasville Rd. - Tallahassee, Fl 32315-PHONE 850-907-5610     V5.1a(0)G810.77I6.35
</TABLE>
--------------------------------------------------------------------------------
                           PREMIUM FINANCE AGREEMENT
<TABLE>
<S>           <C>              <C>      <C>                 <C>
[_]PERSONAL   [XX]COMMERCIAL   [_]NEW   [_]AGENCY RENEWAL   [_]ADD'L PREMIUM
</TABLE>
THIS AGREEMENT, made and delivered this 29 day of August 2000, between
                                        --        -----------
NAME GLOBALETUTOR INC.                                  SNN OR TAX ID#__________
     ---------------------------------------------------
    (Exactly as it appears in policies)
ADDRESS   3340 Peachtree Road NE                             CITY  Atlanta
         ----------------------------------------------------    ---------------
STATE GA  ZIP 30326-                                    PHONE # ( ) -
     ----     ------------                                     --------------
hereinafter called the Insured, and Premium Assignment Corporation, a Florida
Corporation, hereinafter called PAC, for the financing of the balance of the
premiums on the following insurance policies:
                        SCHEDULED POLICIES OF INSURANCE
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
   EFF          EXP         NAME AND ADDRESS OF INSURING COMPANY               POLICY            POLICY                 POLICY
  DATE         DATE         (INCLUDING GENERAL AGENCY IF BROKERED)              TYPE               NO.                  PREMIUM
------------------------------------------------------------------------------------------------------------------------------------
<S>         <C>         <C>                                                   <C>                <C>                    <C>
08/25/00    08/25/01    CO:  LLOYDS OF LONDON                          FL      D&O                                        $71,720.00
                        MGA: Special Program Market     Jersey City    NJ
------------------------------------------------------------------------------------------------------------------------------------
                        CO:
                        MGA:
------------------------------------------------------------------------------------------------------------------------------------
                        CO:
                        MGA:
------------------------------------------------------------------------------------------------------------------------------------
  CASH PRICE         - CASH DOWN    = UNPAID        + DOC            = AMOUNT       + FINANCE      = TOTAL OF           ANNUAL
(Total Premium)        PAYMENT     BALANCE OF       STAMPS           FINANCED         CHARGE         PAYMENTS         PERCENTAGE
                                   CASH PRICE   (if applicable)   The amount of     The dollar    The amount you         RATE
                                                                 credit provided    amount the    will have paid   The cost of your
                                                                   to you or on    credit costs   after you have     credit as a
                                                                   your behalf.        you.      made all payments   yearly rate.
                                                                                                   as scheduled.
  $71,720.00          $14,344.00   $57,376.00        $0.00          $57,376.00      $3,298.50       $60,674.50          12.35%
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

Security: You are giving a security interest in any and all unearned premiums
which may become payable under the policies.

Late Charge: If a payment is 5 days late you will be assessed a late charge of
5% of the delinquent installment.

Prepayment: If you pay off early, you will not have to pay a penalty and you may
be entitled to a refund of part of the finance charge. See other provisions in
this Agreement for additional information about nonpayment, default, any
required repayment in full before the scheduled date, and prepayment refunds and
penalties.

                     Select one option for billing method:
[_] Payment Book                                            [XX] Monthly Invoice

                        YOUR PAYMENT SCHEDULE WILL BE:
--------------------------------------------------------------------------------
Amount of Each                  Number of                   When First Payment
   Payment                      Payments                          is Due
  $6,067.45                        10                            09/25/00
--------------------------------------------------------------------------------
Each of the monthly payments is due on the same day of each succeeding month
until paid in full.
FEDERAL TRUTH-IN-LENDING DISCLOSURES
--------------------------------------------------------------------------------
                      "TEMIZATION" OF THE AMOUNT FINANCED:
  1.   Unpaid balance of cash price above will be paid to your insurance
       company(ies) or their agents on your behalf.
  2.   Documentary stamps (if applicable) will be paid to public officials.
--------------------------------------------------------------------------------
NOTICE TO INSURED: (1) Do not sign this agreement before you read it or if it
contains any blank space. (2) You are entitled to a completely filled in copy of
this agreement. (3) Under the law, you have the right to pay off in advance the
full amount due and under certain conditions to obtain a partial refund of the
service charge. (4) This Agreement includes and is subject to all of the terms,
provisions, covenants, powers and agreements which are contained and APPEAR ON
PAGE 1 AND PAGE 2 OF THIS AGREEMENT.

                              WARRANTIES OF AGENT

The undersigned hereby certifies that: (1) The down payment as shown in the
contract has been paid by or on behalf of the Insured. (2) All policies listed
are or will be in force on the stated effective dates and delivered by him. (3)
No audit, reporting form, minimum or fully earned premium policy is included in
this Agreement, except as indicated in the Scheduled Policies of Insurance. (4)
The above Agreement is a bona fide and binding contract. (5) The signatures are
genuine. (6) A copy of this Agreement has been delivered to the Insured. The
undersigned agent further certifies that he is an authorized agent of the MGA or
insuring companies and acknowledges that he is not affiliated in any capacity
with PAC. (7) Upon cancellation of the Scheduled Policies of Insurance, the
undersigned agrees to remit the full amount of the unearned premium, including
unearned commission up to the unpaid balance of the Agreement, upon receipt from
the carrier.

POWER OF ATTORNEY - The Insured hereby appoints PAC his attorney in fact to
                    cancel and give notice of cancellation of the Scheduled
                    Policies of Insurance to the named insurance companies for
                    nonpayment of premium.
--------------------------------------------------------------------------------
ALL INSUREDS NAMED IN POLICIES SIGN HERE. INSURED ACKNOWLEDGES RECEIPT OF A COPY
OF PAGE 1 AND PAGE 2.

<TABLE>
<S>                                                                                   <C>
Where authorized by statute, signature may be by agent on behalf of Insured           AGENCY
Signature by agent must be so indicated.                                              Name Overseas Investment Ins Services
                                                                                           -----------------------------------------
/s/ JERRY BARTON, President and CEO                              9/1/00               Address 46 Vernon Glen Ct
---------------------------------------------------------------------------                   --------------------------------------
(INSURED/S signature exactly as appears in policies)         Title and Date           Atlanta    GA   30338-
                                                                                      ---------------------------------------------
___________________________________________________________________________           AGENT'S
(INSURED'S signature exactly as appears in policies)         Title and Date           Signature and Date   /s/ Alan Saul 8/30/2000
IF INSURED IS A CORPORATION, OR PARTNERSHIP, AN AUTHORIZED                                                --------------------------
                                                                                      Created by:  pac-mew
                                                                                                   ---------------------------------
</TABLE>

<PAGE>

[LOGO]    PREMIUM ASSIGNMENT CORPORATION - PREMIUM FINANCE AGREEMENT

     FOR VALUE RECEIVED, the Insured promises to pay to the order of PAC the
"TOTAL OF PAYMENTS" as stated on page 1 of this Agreement, pursuant to all of
the terms and conditions as stated below.

     WITNESSETH: That in consideration of the payment by PAC to the named
insurance companies, or their agents, of the balance of the premiums due on the
Scheduled Policies of Insurance, the Insured agrees:

     1.  EFFECTIVE DATE  This Agreement is effective upon its acceptance by PAC.
Acceptance by PAC shall be deemed to occur upon payment of its draft or check by
PAC to the agent or to the Insuring Company of the balance of the premiums due
on the Scheduled Policies.
     2.  PAYMENTS  The Insured agrees to make payments to PAC in accordance with
the payment schedule stated on page 1 of this Agreement. Payments are to be made
to PAC at Post Office Box 3066, Tallahassee, Florida 32315-3066 or such other
address as PAC may notify you of.  Payments made to any other person, firm,
insurance agency, corporation or otherwise shall not constitute payment to PAC.
Payments received after cancellation to the Scheduled Policies of Insurance
shall be credited to the unpaid balance due on the account and shall not
constitute reinstatement of the cancelled policies nor shall it constitute
waiver by PAC of its rights under the Agreement.
     3.  SECURITY FOR PAYMENT  The Insured assigns to PAC as security for the
total amount due under this Agreement (Total of Payments) any and all unearned
premiums which may become payable under the Scheduled Policies of Insurance.
PAC may request the Insuring Company to pay all monies for unearned premiums
upon cancellation to PAC. The Insured agrees that PAC may endorse his/her name
on any check or draft of all monies that may become due from the Insuring
Company and apply the same as payment for any amounts due under the Agreement.
     4.  DEFAULT  A default shall occur if any installments is not paid by its
due date, or should the Insured fail to carry out any other obligations set
forth in the Agreement. Should a default occur, the total unpaid amount under
this Agreement shall become immediately due and payable.  Interest will continue
to accrue on the unpaid balance at the stated APR or maximum rate allowed by
applicable State Law until all balances are paid. The Insured agrees to pay a
late charge for any payments received and accepted by PAC after payment due date
in accordance with the Late Charge section page 1 of this Agreement. Upon
default of payment of premium, PAC may request cancellation of the Scheduled
Policies of Insurance at the earliest time permitted and in accordance with
applicable State Law. Should PAC cancel the Scheduled Policies of Insurance, the
Insured agrees to pay PAC a cancellation fee equal to the amount permitted by
applicable State Law (no fee in AK, CA, CT, FL, IL, KS, KY, NV, NM, NC, PA, SC,
TX, VT, VA). The Insured consents to PAC adding any unpaid balance on this
contract to any future premium finance agreement entered into with PAC.
     5.  ADDITIONAL CHARGE  If permitted by State Law, you may be assessed a
one-time additional charge equal to the amount allowed by State Law for costs
relating to the processing of your loan ($10 in AK).
     6.  SHORTAGE OR OVERAGE OF UNEARNED PREMIUM  If unearned premiums are not
sufficient to pay the unpaid balance due, the Insured shall pay PAC the
deficiency. Interest shall accrue on the deficiency at the stated APR or maximum
rate allowed by applicable Stated Law. If the unearned premiums received by PAC
are more than the amount due the excess shall be returned to the Insured within
the time allowed by applicable State Law. The Insured waives his/her right to
receive any excess which is less than $1.00 ($5 in IL, MD, UT; $3 in MS, OH, SC
and for prepayment in MI; $2 in GA; refunds of less than $1 will be made in KY
and VA).
     7.  ATTORNEYS FEES AND EXPENSES  If permitted by State Law, PAC may charge
attorney's fees and costs equal to the amount allowed by State Law to collect
any amounts due under this Agreement (20% in FL).
     8.  LENDER RELATIONSHIP  The Insured acknowledges that PAC is a lender and
is not an insurance agent nor an insurance company and that this Agreement is a
financing Agreement and is not an insurance policy or a guarantee of insurance
coverage.
     9.  PREPAYMENT  If the balance of the amount due under this contract is
paid off prior to maturity, the Insured may receive a refund of unearned finance
charge computed in accordance with the Rule of 78's (actuarial method in AZ, CA,
IO, ME, MA, MT, NJ, OR, PA, VT; short rate in SC) after deducting any fully
earned charges permitted by applicable State Law ($20 in FL).
     10. ADDITIONAL PREMIUMS  PAC may advance to the Insured's agent or the
Insurance Company any additional premiums that may become due, less normal down
payment, adding the advance amount, plus any finance charge, to his/her present
contract balance. However, any additional premium which is owed to the insurance
company(ies) named in the Scheduled Policies of Insurance as a result of any
type of misclassification of risk, and which is not paid in full or financed on
this Agreement, may result in cancellation of the coverage for nonpayment of
premium.
     11. PAC LIABILITY  PAC is not responsible for consequential damages
resulting from cancellation by PAC of the Scheduled Policies of Insurance if
the cancellation was done in accordance with applicable State Law. The Insured
shall be responsible for reasonable attorney's fees and expenses for any
unsuccessful action filed by an Insured under this provision.
     12. INSUFFICIENT FUNDS CHECK  If allowed by State Law, a returned check
fee will be charged for each check returned to PAC for insufficient funds ($25
in MD & NC; $20 in AR, CO, GA, ID, IN, VA; $15 in FL, LA, MS, NV, SD; $10 in AZ,
MA, OH, OK; $5 in CA). If a check is returned, it will not be automatically
redeposited to prevent cancellation of the insurance policies. If PAC does
cancel the Scheduled Policies of Insurance for nonpayment, the insufficient
funds check may be redeposited after cancellation to reduce any unpaid balance
due under this Agreement.
     13. WARRANTIES OF INSURED  Insured warrants to PAC that (a) each of the
Scheduled Policies of Insurance have been issued or a binder of full force and
effect has been issued; (b) he has not and will not assign or encumber the
unearned premium of the Scheduled Policies of Insurance to anyone else nor grant
anyone else power of attorney to cancel the Scheduled Policies of Insurance
until this Agreement is paid in full (c) all rights conferred upon PAC shall
inure to PAC's successors or assigns and (d) no proceeding in bankruptcy has
been instituted by him/her/them.
     14. ASSIGNMENT  This Agreement may be assigned by PAC as allowed by State
Law and the assignee has the same rights as PAC does under the Agreement. The
Federal Equal Credit Opportunity Act prohibits creditors from discriminating
against credit applicants on the basis of sex or marital status. The federal
agency which administers compliance with this law concerning this premium
finance company is the Federal Trade Commission, 703 Peachtree St., NE, Room
600, Atlanta, GA 30308. DOCUMENTARY STAMPS REQUIRED BY LAW IF ANY ARE AFFIXED TO
MONTHLY JOURNAL AND CANCELLED.

                                   -PAGE 2-

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