Document:

EXHIBIT 4(A)

                              CONSULTING AGREEMENTS

      This Consulting Agreement ("Agreement") is made effective as of this 29th
day of September, 1999 by and between LONDON MANHATTAN LIMITED, INC. (referred
to herein as "Consultant"), with offices at 3141 Jasmine Drive, Delray Beach,
Florida 33483 and CAM DESIGNS, INC., a Delaware corporation, with a mailing
address of 4 Ash Way, Netherend, Gloucestershire, England GL15 6QA (referred to
herein as "Client').

                                    PREMISES

WHEREAS, Client is seeking to acquire or merge with an operating entity (such
acquisition or merger being referred to herein as a "Business Combination");

WHEREAS, Consultant is in the business of providing consulting and other
services to companies who desire to increase shareholder value through mergers,
acquisitions and divestitures and make other complex structural changes to their
companies;

WHEREAS, Client wishes to obtain the consulting services of Consultant, and

WHEREAS, Consultant is willing to provide such consulting services to Client.

NOW, THEREFORE, in consideration of the mutual promises, covenants and
agreements contained herein, and for other good and valuable consideration, the
receipt and adequacy of which is expressly acknowledged, Client and Consultant
agree as follows:

I. ENGAGEMENT OF CONSULTANT. Client hereby retains Consultant to serve Client in
the following areas, referred to collectively herein as the "Consulting
Services."

      A.    Consult with and assist Client to locate and identify candidates for
            positions on the board of directors and fill vacancies in the
            officer positions for Client;

      B.    Consult with and assist Client in locating, negotiating and
            consummating a Business Combination with an operating company;

      C.    Consult with and assist Client in bringing itself current with SEC
            filing requirements and its financial records.

      D.    Consult with and assist Client with debt settlement and resolution
            of other outstanding claims or obligations of Client.

      THE SCOPE OF CONSULTING SERVICES SPECIFICALLY EXCLUDE CONSULTANT FROM
      RENDERING ANY ADVICE AND/OR ASSISTANCE TO CLIENT IN THE AREA OF CAPITAL
      FORMATION

II.   TERM. This Agreement shall have a term of six (6) months commencing on the
      effective date of this Agreement ("Initial Term"). In the event Client

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      desires to engage Consultant further, this Agreement shall continue on a
      month to month basis after the Initial Term for additional terms provided
      in an Addendum to this Agreement executed by both parties, should the
      parties be so interested at any particular point.

Ill.  COMPENSATION. In consideration of the Consulting Services contemplated
      herein, Consultant shall be receive, upon the execution of this Agreement,
      a non-refundable engagement fee to be paid as follows:

      A.    Client shall issue to W. Scott Smith ("Smith") 1,000,000 shares of
            its common stock and shall issue 1,000,000 shares of its common
            stock to Christopher Taylor ("Taylor") and shall issue 700,000
            shares of its common stock to Howard Jenkins ("Jenkins") each of
            Smith, Taylor and Jenkins as nominees for Consultant. The Shares
            shall be issued solely in exchange for the contemplated Consulting
            Services and appropriate investment restrictions shall be noted
            against the Shares. Smith, Taylor and Jenkins agree to acquire the
            Shares for investment and will not dispose of the Shares in the
            absence of registration thereof or applicable exemption under the
            Securities Act of 1933, as amended (the "Securities Act").

      B.    Client agrees to provide Smith, Taylor and Jenkins with registration
            rights at Client's cost and expense and include the Shares in a
            registration statement to be filed by Client with the Securities and
            Exchange Commission ("SEC") within the proximate future on Form S-8
            (the "Registration Statement") under the Securities Act.

      C.    Consultant shall also be entitled to a finder's fee of 10% of any
            business opportunity made by the Client as a result of the
            introductions of the Consultant, such fee to be in kind as acquired
            by the Client.

IV.   EXPENSES. Client shall be responsible for all expenses associated with the
      Consulting Services contemplated herein. This is in addition to the
      Engagement Fee discussed above. The Expenses include but are not limited
      to the following:

      A.    All fees associated with the filing of any forms required by state
            or federal agencies to bring about the intent of this Agreement;

      B.    All fees associated with the services of a transfer agent, including
            fees for printing of certificates evidencing shares of Client's
            stock and issuance fees required by the transfer agent;

      C.    All long distance telephone and facsimile costs incurred by
            Consultant and all copying, mail and Federal Express or other
            express delivery costs incurred by Consultant and all other expenses
            reasonably incurred by Consultant in rendering the Consulting
            Services contemplated by this Agreement.

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      D.    Any and all fees associated with obtaining or providing Consultant
            with audited financial statements of Client. Consultant will not
            perform any accounting services related to Client without obtaining
            audited financial statements (NOTE: The cost of this item must he
            paid for directly by Client.)

      E.    Any and all travel, airfare and hotel expenses that Consultant may
            reasonably incur in relation to the performance of the Consulting
            Services contemplated herein. While circumstances may change, the
            parties do not anticipate any travel during this engagement.

V.    BEST EFFORTS. Consultant agrees that it will at all times faithfully and
      to the best of its experience, ability and talents, perform all the duties
      that may be required of and from Consultant pursuant to the terms of this
      Agreement. Consultant does not guarantee that its efforts will have any
      impact on Client's business or that any subsequent financial improvement
      will result from Consultant's efforts.

VI.   CLIENT'S REPRESENTATIONS. Client represents, warrants and covenants to
      Consultant that each of the following are true and complete as of the date
      of this Agreement:

      A.    Entity Existence. Client is a corporation, duly organised, validly
            existing, and in good standing under the laws of the state of its
            formation, with full power and authority and all necessary
            governmental authorisations to own, lease and operate property and
            carry on their business as it is now being conducted. Client is duly
            qualified to do business in and is in good standing in every
            jurisdiction in which the nature of its business or the property
            owned or leased by it makes such qualifications necessary.

      B.    Involvement in Proceedings or Investigations by Securities
            Regulatory Authorities. Client or its officers and 10% or more
            owners, and any entity which Client or its affiliates or officers
            control, have not been previously involved in any litigation,
            investigations or proceedings with the United States Securities and
            Exchange Commission or any other State or Foreign Securities
            Regulatory organisation, and is not presently indicted and/or was
            never convicted of fraud or any similar crime involving any
            allegation of dishonesty or theft, nor found guilty or is currently
            involved in legal proceedings of such conduct in a civil context,
            other than as disclosed and with full and complete details attached
            hereto.

      C.    Disclosure Documents. Client has or will cause to be delivered,
            concurrent with the execution of this Agreement, copies of its
            entity records as requested to effectuate any transaction
            contemplated herein. Documents which Client agrees to provide to
            Consultant shall include but not be limited to audited financial
            statements for the past three years of Client 's operations or as
            long as Client has been

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            in operation, whichever is less, which have been audited by a United
            States Securities and Exchange Commission peer approved financial
            auditor, any entity resolutions arid any and all other documents
            which may in any way relate to the transactions contemplated in this
            Agreement.

      D.    Client's Authority for Agreement. The Client has duly authorized the
            execution and delivery of this Agreement and the consummation of the
            transactions contemplated herein. This Agreement has been duly
            executed and delivered by Client and constitutes the valid and
            legally binding obligation of Client enforceable in accordance with
            its terms, except to the extent that enforceability may be subject
            to or limited by bankruptcy, insolvency, reorganization, moratorium
            or other similar laws affecting creditor's rights generally. To the
            best of Client's knowledge, after due inquiry, the execution and
            delivery of this agreement and the consummation of the transactions
            contemplated herein will not conflict with any mortgage, indenture,
            lease, contract, commitment, agreement, or other instrument, permit,
            concession, grant, franchise, license, judgement, order, decree,
            statute, law, ordinance, rule or regulation applicable to Client or
            any of its properties or assets.

      E.    Consents and Authorizations. Any consent, approval, order or
            authorization of, or registration, declaration, compliance with or
            filing with any governmental or regulatory authority required in
            connection with the execution and delivery of this Agreement to
            permit the consummation by Client and Consultant of the transactions
            contemplated herein shall be accomplished in a timely manner and in
            accordance with federal and/or state laws where applicable.

      F     Minute Books. The minute books of Client contain full and complete
            minutes of all meetings (or written consents in lieu thereof).

      G.    Nature of Representations. No representation or warranty made by
            Client in this Agreement, nor any document or information furnished
            or to be furnished by Client to the Consultant in connection with
            this Agreement, contains or will contain any untrue statement of
            material fact, or omits or will omit to state any material fact
            necessary to make the statements contained therein not misleading,
            or omits to state any material fact relevant to the transactions
            contemplated by this Agreement.

      H     Independent Legal and Financial Advice. Consultant is not a law
            firm, neither is it an accounting firm. Consultant does however
            employ professionals in that capacity to enable Consultant to
            provide consulting services. Client represent that it has not nor
            will it rely upon any legal or financial representation made by
            Consultant, and that Client has and will continue to seek the
            independent advice of legal and financial counsel regarding all
            material aspects of the

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            transactions contemplated by this Agreement, including the review of
            all documents provided by Consultant to Client and all opportunities
            Consultant introduces to Client. Client acknowledges that the
            attorneys, accountants and other advisors employed by Consultant
            represent the interests of Consultant solely, and that no
            representation or warranty has been given to Client by Consultant as
            to any legal, tax, accounting, financial or other aspect of the
            transactions contemplated by this Agreement.

VII.  NON-CIRCUMVENTION. Client agrees to not enter into any other agreements to
      provide services for which Consultant has provided services, or enters
      into any transaction involving a business opportunity or asset introduced
      to Client by Consultant, without compensating Consultant pursuant to this
      Agreement. Neither will Client terminate this Agreement solely as a means
      to avoid paying Consultant compensation earned or to be earned, or in any
      other was attempt to circumvent Consultant.

VIII. TERMINATION OF AGREEMENT BY CONSULTANT. Consultant may terminate this
      Agreement if any of the following occurs:

      A.    Payments due under this Agreement are not timely made.

      B.    In the judgement of the Consultant, Client's actions or conduct make
            it unreasonable for Consultant to perform under this Agreement. Such
            acts include, and are or may be perceived as being in the nature of
            dishonesty, illegal activities, activities harmful to the reputation
            of the Consultant, and activities that may create civil or criminal
            liability for the Consultant.

      C.    Consultant makes a bona fide decision to terminate its business and
            liquidate its assets.

      D.    Client misrepresents its corporate standing, power to enter and bind
            itself to this Agreement, misrepresentation of its guarantees as
            indicated below, or any other concealed or misrepresented material
            fact which would decrease the binding effect of this Agreement on
            Client.

      E.    If after conduct of a due diligence investigation, Consultant
            concludes that an intended offering, or other action contemplated
            under this Agreement (the "Transaction"), is not viable, Consultant
            may give ten (10) days written notice to Client stating in
            particular why the Transaction is not viable, and if after ten (10)
            days of receipt of the written notice, Client insists that
            Consultant continue performance on the Transaction, Consultant may
            then terminate the Agreement, returning all monies received after
            deductions as indicated in Subsection "H" below.

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      F.    An unanticipated material change in federal or state laws and/or
            regulations makes continued performance under this Agreement
            unreasonable.

      G.    Breach of any provision of this Agreement, and in particular, but
            not limited to, not providing audited financial statements in a
            timely manner.

      H.    Notwithstanding the termination of this Agreement, Consultant shall
            be entitled to receipt of the charges for the work actually
            performed up to the time of termination at its normal consulting
            rates. Consultant shall also be entitled to reimbursement of any
            expenses incurred, up to the time of termination of this Agreement
            along with any expenses incurred as a result of the termination.

IX.   TERMINATION 0F AGREEMENT BY CLIENT. Client may terminate this Agreement
      under the following conditions:

      A.    Consultant fails to follow Client's reasonable instructions, Client
            must advise Consultant that his actions or inactions are
            unacceptable and give Consultant thirty (30) days in which to
            comply. If Consultant fails to comply within thirty (30) days,
            Consultant may be terminated hereunder by Client's service of notice
            of termination to Consultant.

      B.    If, in the judgment of the Board of Directors of Client,
            Consultant's actions or conduct would make it unreasonable to
            require Client to retain Consultant. Such acts include and are in
            the nature of, dishonesty, illegal activities, activities harmful to
            the reputation of the Client and activities that create civil or
            criminal liability for the Client.

      C.    Notwithstanding the termination of this Agreement, Consultant shall
            be entitled to receipt of all compensation owed pursuant to Section
            "H" of Article VIII above up to the time of termination of this
            Agreement, for work actually performed. Consultant shall also be
            entitled to reimbursement of any expenses incurred, up to the time
            of termination of this Agreement, along with any expenses incurred
            as a result of the termination.

      D.    Upon thirty (30) days written notice to the Consultant, Client may
            terminate the agreement prior to the expiration of the term provided
            for herein.

X.    UTILISATION OF ATTORNEYS. Consultant utilises attorneys to assist it in
      preparing the documentation required to effectuate the transactions
      contemplated by this Agreement. The attorneys utilized by Consultant
      represent only Consultant, and Consultant's interest in providing
      consulting

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      services and do not in any way represent the interests of any party to
      this Agreement other than Consultant's. Client are advised, and have
      represented, that they will seek independent legal counsel to review all
      documentation provided to it by Consultant.

Xl.   CONSULTANT IS NOT A BROKER-DEALER. Consultant has fully disclosed to
      Client that it is not a broker-dealer and does not have or hold a license
      to act as such. None of the activities of consultant are intended to
      provide the services of a broker-dealer to the Client and Client have been
      informed that a broker-dealer will need to be engaged to perform any such
      services. Client have full and free discretion in the selection of a
      broker-dealer.

XII.  NON-DISCLOSURE OF CONFIDENTIAL INFORMATION. In consideration for the
      Client entering into this Agreement, Consultant agrees that the following
      items used in the Client's business are secret, confidential, unique, and
      valuable, and disclosure of any of the items to anyone other than
      Consultant's officers, agents, or authorized employees may cause Client
      irreparable injury:

      A.    Non-public financial information, accounting information, plans of
            operations, possible public offerings public announcement.

      B.    Customer lists, cal! lists, and other confidential customer data;

      C.    Memoranda, notes or records concerning the technical and creative
            processes conducted by Client,

      D.    Sketches, plans, drawings and other confidential research and
            development data or;

      E.    Manufacturing processes, chemical formulae, and the composition of
            Client's products.

      Consultant shall have no liability to the Client with respect to the use
      or disclosure to others not a party to this Agreement, of such information
      as Consultant can establish to:

      A.    Have been publicly known;

      B.    Have become known, without fault on the part of Consultant,
            subsequent to disclosure by Client of such information to
            Consultant;

      C.    Have been otherwise known by Consultant prior to communication by
            the Client to Consultant of such information, or

      D.    Have been received by Consultant at any time from a source other
            than Client lawfully having possession of such information.

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XIII. PLACE OF SERVICES. The Consulting Services contemplated to be performed by
      Consultant will be performed through Consultant's offices; however, it is
      understood and expected that Consultant may make contacts with persons and
      entities in any other place deemed appropriate by Consultant.

XIV.  NON-EXCLUSIVE SERVICES. Client acknowledges that Consultant is currently
      providing services of the same or similar nature to other parties and
      Client agree that Consultant is not prevented or barred from rendering
      services of the same nature or a similar nature to any other individual or
      entity.

XV.   ALL PRIOR AGREEMENTS TERMINATED. This Agreement comprises the entire
      agreement and understanding between the parties hereto at the date of this
      Agreement as to the subject matter hereof and supersedes and replace all
      proposals, prior negotiations and agreements, whether oral or written,
      between the parties hereto in connection with the subject matter hereof.
      None of the parties hereto shall be bound by any conditions, definitions,
      warranties or representations with respect to the subject matter of this
      Agreement other than as expressly provided in this Agreement unless the
      parties hereto subsequently agree to vary this Agreement in writing, duly
      signed by authorized representatives of the parties hereto.

XVI.  CONSULTANT IS NOT AN AGENT OR EMPLOYEE OF CLIENT. Consultant's obligations
      under this agreement consist solely of the Consulting Services described
      herein. In no event shall Consultant be considered to act as the employee
      or agent of Client or otherwise represent or bind Client. For the purposes
      of this Agreement, Consultant is an independent contractor. All final
      decisions with respect to acts of Client or their affiliates, whether or
      not made pursuant to or in reliance on information or advice furnished by
      Consultant hereunder, shall be those of Client or such affiliates, and
      Consultant, its employees or agents shall under no circumstances be liable
      for any expense incurred or loss suffered by Client as a consequence of
      such action or decisions.

XVII. CONTINUE OPERATIONS IN SUBSTANTIALLY SAME MANNER. Client will not
      transfer, sell or hypothecate, assign or distribute any significant
      portion of its assets currently in its possession except upon written
      notice to the Consultant. Client agrees to continue operations in
      substantially the same manner as it is presently functioning except upon
      written notice to the parties to this Agreement

XVIII. MISCELLANEOUS.

      A.    Authority. The execution and performance of this Agreement have been
            duly authorized by all requisite corporate action. This Agreement
            constitutes a valid and binding obligation of the parties hereto.

      B.    Amendment. This Agreement may be amended or modified at any time and
            in any manner only by an instrument in writing executed by the
            parties hereto.

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      C.    Waiver. No term of this Agreement shall be considered waived and no
            breach excused by either party unless made in writing. No consent
            waiver or excuse by either party, express or implied shall
            constitute a subsequent consent, waiver or excuse.

      D     Assignment

            I.    The rights and obligations of both parties under this
                  Agreement shall inure to the benefit of and shall be binding
                  upon its successors and assigns. There shall be no rights of
                  transfer or assignment of this Agreement by either party
                  except with the prior written consent of the other party.

            2.    Nothing in this Agreement, expressed or implied, is intended
                  to confer upon any person other than the parties and their
                  successors, any rights or remedies under this Agreement.

      E.    Notices. Any notice or other communication required or permitted by
            this Agreement must be in writing and shall be deemed to be properly
            given when delivered in person to an officer of the other party,
            when deposited in the United States mails for transmittal by
            certified or registered mail, postage prepaid, or when deposited
            with a public telegraph company for transmittal or when sent by
            facsimile transmission, charges prepaid provided that the
            communication is addressed:

            1.   In the Case of Consultant to:

                     London Manhattan Limited, Inc.,
                     3141 Jasmine Drive,
                     Delray Beach,
                     Florida 33483
                     USA
                     Tel: 561-274 9740
                     Fax: 561-279 2757
                     Email: LondonManhattan@aol.com

            2.     In the Case of Client to:

                     Cam Designs Inc.
                     4 Ash Way
                     Netherend
                     Gloucestershire
                     England GL15 6QA

                     Tel: +44 (0) 1594 529472
                     UK Fax: +44 (0) 171 691 9533
                     US Fax: 1 305-418 7516
                     Email: GeoffTayl@aol.com

      or to such other person or address designated by Client in writing to
      receive notice.

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      F.    Headings and Captions. The headings of paragraphs are included
            solely for convenience if a conflict exists between any heading and
            the text of this Agreement, the text shall control

      G.    Entire Agreement. This instrument and the exhibits to this
            instrument contain the entire Agreement between the parties with
            respect to the transaction contemplated by the Agreement. It may be
            executed in any number of counterparts but the aggregate of thcse
            counterparts together constitute only one and the same instrument.

      H.    Effect of Partial Invalidity. Iii the event that any one or more of
            the provisions contained in this Agreement shall for any reason be
            held to be invalid, illegal, or unenforceable in any respect, such
            invalidity, illegality or un-enforceability shall not affect any
            other provisions of this Agreement, but this Agreement shall be
            constructed as if it never contained any such invalid, illegal or
            unenforceable provisions.

      I.    Controlling Law. The validity, interpretation, and performance of
            this Agreement shall be governed by the laws of the State of
            Florida, without regard to its law on the conflict of laws. Any
            dispute arising out of this Agreement shall be brought in a court of
            competent jurisdiction in Palm Beach County, Florida. The parties
            exclude any and all statutes, law and treaties that would allow or
            require any dispute to be decided in another forum or by other rules
            of decision than provided in this Agreement.

      J.    Attorney's Fees. If any action at law or in equity, including an
            action for declaratory relict, is brought to enforce or interpret
            the provisions of this Agreement, the prevailing party shall be
            entitled to recover actual attorney's fees court costs, and other
            costs incurred in proceeding with the action from the other party.
            The attorney's fees, court Costs or other costs, may be ordered by
            the court in its decision of any action described in this paragraph
            or may be enforced in a separate action brought for determining
            attorneys fees, court costs, or other costs. Should either party be
            represented by in-house counsel all parties agree that party may
            recover attorney's fees incurred by that in-house counsel in an
            amount equal to that attorney's normal fees for similar matters, or,
            should that attorney not normally charge a fee, by the prevailing
            rate charged by attorneys with similar background in that legal
            community.

      K.    Time is of the Essence. Time is of the essence of this Agreement and
            of each and every provision hereof

      L.    Mutual Co-operation The panties hereto shall cooperate with each
            other to achieve the purpose of this Agreement, and shall execute
            such other and further documents and take such other and further
            actions as may be necessary or convenient to effect the transactions
            described herein.

      M.    Indemnification. Client and Consultant agree to indemnify, hold
            harmless and, at the party seeking indemnification's sole option,
            defend the

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            other from and against all demands, claims, actions, losses,
            damages, liabilities, costs and expenses, including without
            limitation, interest, penal ties, court fees, and attorney's fees
            and expenses asserted against or imposed or incurred by either party
            by reason of or resulting from a breach of any representation,
            warranty, covenant condition or agreement of the other party to this
            Agreement. Neither party shall be responsible to the other party'
            for any consequential or punitive damages

      N.    No Third Party Beneficiary. Nothing in this Agreement, expressed or
            implied, is intended to confer upon any person, other than the
            parties hereto and their successors, any rights or remedies under or
            by reason of this Agreement, unless this Agreement specifically
            states such intent.

      O.    Facsimile Counterparts. If a party signs this Agreement and
            transmits an electronic facsimile of the signature page to the other
            party, the party who receives the transmission may rely upon the
            electronic facsimile as a signed original of this Agreement.

IN WITNESS WHEREOF, the parties have executed this Agreement effective as of the
date herein above written.

-------------------------------------------------
W. Scott Smith, Managing Director
For and on behalf of
London Manhattan Limited, Inc.

--------------------------------------------------
Geoffrey Taylor, President
For and on behalf of
Cam Designs, Inc.

                        AMENDMENT TO CONSULTING AGREEMENT

      This Amendment ("Amendment") to the Consulting Agreement ("Agreement")
dated as of the 29th day of September, 1999 by and between LONDON MANHATTAN
LIMITED, INC. (referred to herein as "Consultant"), with offices at 3141 Jasmine
Drive, Delray Beach, Florida 33483 and CAM DESIGNS, INC., a Delaware
corporation, with a mailing address of 4 Ash Way, Netherend, Gloucestershire,
England GL15 6QA (referred to herein as "Client'), is dated as of this 1st day
of December, 1999.

                                    PREMISES

WHEREAS, Consultant is desirous of changing the nominees set forth in Paragraph
III of the Agreement, and

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WHEREAS, Client has no objection thereto,

NOW, THEREFORE, in consideration of the mutual promises, covenants and
agreements contained herein, and for other good and valuable consideration, the
receipt and adequacy of which is expressly acknowledged, Client and Consultant
agree as follows:

I AMENDMENT. PARAGRAPH III of the Agreement shall be amended to read as follows:

      In consideration of the Consulting Services contemplated herein,
Consultant shall receive, upon the execution of this Agreement, a non-refundable
engagement fee to be paid as follows:

      B.    Client shall issue to W. Scott Smith ("Smith") 349,000 shares of its
            common stock, and shall issue 651,000 shares of its common stock to
            Ned Elgart ("Elgart"), and shall issue 1,000,000 shares of its
            common stock to Christopher Taylor ("Taylor"), and shall issue
            349,000 shares of its common stock to Howard Jenkins ("Jenkins") and
            shall issue 351,000 shares of its common stock to Michael Casida
            ("Casida"), each of Smith, Elgart, Taylor, Jenkins and Casida as
            nominees for Consultant. The Shares shall be issued solely in
            exchange for the contemplated Consulting Services and appropriate
            investment restrictions shall be noted against the Shares. Smith,
            Elgart, Taylor, Jenkins and Casida agree to acquire the Shares for
            investment and will not dispose of the Shares in the absence of
            registration thereof or applicable exemption under the Securities
            Act of 1933, as amended (the "Securities Act").

      B.    Client agrees to provide Smith, Elgart, Taylor, Jenkins and Casida
            with registration rights at Client's cost and expense and include
            the Shares in a registration statement to be filed by Client with
            the Securities and Exchange Commission ("SEC") within the proximate
            future on Form S-8 (the "Registration Statement"), or otherwise as
            agreed, under the Securities Act.

      C.    Consultant shall also be entitled to a finder's fee of 10% of any
            business opportunity made by the Client as a result of the
            introductions of the Consultant, such fee to be in kind as acquired
            by the Client.

IN WITNESS WHEREOF, the parties have executed this Amendment to the Agreement
effective as of the date herein above written.

-------------------------------------------------
W. Scott Smith, Managing Director
For and on behalf of
London Manhattan Limited, Inc.

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--------------------------------------------------
Geoffrey Taylor, President
For and on behalf of
Cam Designs, Inc.

                        AMENDMENT TO CONSULTING AGREEMENT

      This Amendment ("Amendment") to the Consulting Agreement ("Agreement")
dated as of the 29th day of September, 1999 by and between LONDON MANHATTAN
LIMITED, INC. (referred to herein as "Consultant"), with an address at 3141
Jasmine Drive, Delray Beach, Florida 33483 and CAM DESIGNS INC., a Delaware
corporation, with an address at 4 Ash Way, Netherend, Gloucestershire, England
GL15 6QA (referred to herein as "Client'), is dated as of this 1st day of May,
2000.

                                    PREMISES

WHEREAS, Client is desirous of changing the original terms of PARAGRAPH III,
Clause C, of the Agreement between Client and Consultant, and

WHEREAS, Consultant has no objection thereto,

NOW, THEREFORE, in consideration for Consultant waiving its entitlement to a
finder's fee of 10% of any business opportunity made by the Client as a result
of the introductions of the Consultant, Consultant shall receive, upon the
execution of this Amendment to the Agreement, a revised fee in aggregate of
482,000 shares of common stock of Client, in connection with the Consulting
Services, such fee to be paid as follows:

      C.    Client shall issue 200,000 shares of its common stock to W. Scott
            Smith ("Smith"), and shall issue 15,000 shares of its common stock
            to Barrett H. Geoghegan ("Geoghegan"), and shall issue 80,000 shares
            of its common stock to Chris Taylor ("Taylor"), and shall issue
            50,000 shares of its common stock to Ned Elgart ("Elgart"), and
            shall issue 25,000 shares of its common stock to Therese Roos
            ("Roos"), and shall issue 25,000 shares of its common stock to Susan
            M. Danehower ("Danehower"), and shall issue 75,000 shares of its
            common stock to Patrick Kephart, ("Kephart") and shall issue 12,000
            shares of its common stock to Sheldon Brown ("Brown"), each of
            Smith, Geoghegan, Taylor, Elgart, Roos, Danehower, Kephart and Brown
            as nominees for Consultant.

      D.    Each of the above issuances of shares of common stock of Client
            (collectively the "Shares") shall be issued solely in exchange for
            the Consulting Services and appropriate investment restrictions
            shall be noted against the Shares. Each of Smith, Taylor, Geoghegan,
            Elgart,

--------------------------------------------------------------------------------
Page 24
<PAGE>

            Roos, Danehower, Kephart and Brown agree to acquire the Shares for
            investment and will not dispose of the Shares in the absence of
            registration thereof or applicable exemption under the Securities
            Act of 1933, as amended (the "Securities Act").

      E.    The issue price of the Shares is the same $0.01 per Share as was in
            effect at the original date of the Agreement that is now being
            amended.

      F.    Client agrees to provide Smith, Taylor, Geoghegan, Elgart, Roos,
            Danehower, Kephart and Brown with registration rights at Client's
            cost and expense and include the Shares in a registration statement
            to be filed by Client with the Securities and Exchange Commission
            ("SEC") within the proximate future on Form S-8 (the "Registration
            Statement"), or otherwise as agreed, under the Securities Act.

IN WITNESS WHEREOF, the parties have executed this Amendment to the Agreement
effective as of the date herein above written.

/s/ Geoffrey Taylor
-----------------------------------------------
Geoffrey Taylor, President
For and on behalf of
Cam Designs Inc.

-------------------------------------------------
W. Scott Smith, Managing Director
For and on behalf of
London Manhattan Limited, Inc.

--------------------------------------------------------------------------------
Page 25SECURITY FEDERAL BANK & TRUST
                     SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

<PAGE>

                          Security Federal Bank & Trust
                     Supplemental Executive Retirement Plan

                                Table of Contents

Article I - Introduction.....................................................1

Article II - Definitions.....................................................2

Article III - Eligibility and Participation..................................5

Article IV - Benefits........................................................6

Article V - Accounts.........................................................9

Article VI - Supplemental Benefit Payments..................................10

Article VII - Claims Procedures.............................................12

Article VIII - Amendment and Termination....................................14

Article IX - General Provisions.............................................15

Article X - Required Regulatory Provisions..................................18

                                      i
<PAGE>

                                    Article I
                                  Introduction

Section 1.01 Purpose, Design and Intent.

(a)   The purpose of the Security Federal Bank & Trust Supplemental Executive
      Retirement Plan (the "Plan") is to assist Security Federal Bank & Trust
      (the "Bank") and its affiliates in retaining the services of key employees
      until their retirement, to induce such employees to use their best efforts
      to enhance the business of the Bank and its affiliates, and to provide
      certain supplemental retirement benefits to such employees.

(b)   The Plan, in relevant part, is intended to constitute an unfunded "excess
      benefit plan" as defined in Section 3(36) of the Employee Retirement
      Income Security Act of 1974, as amended. In this respect, the Plan is
      specifically designed to provide certain key employees with retirement
      benefits that would have been provided under various tax-qualified
      retirement plans sponsored by the Bank but for the applicable limitations
      placed on benefits and contributions under such plans by various
      provisions of the Internal Revenue Code of 1986, as amended.

                                       1
<PAGE>

                                   Article II
                                   Definitions

Section 2.01 Definitions.In this Plan, whenever the context so indicates, the
singular or the plural number and the masculine or feminine gender shall be
deemed to include the other, the terms "he," "his," and "him," shall refer to a
Participant or a beneficiary of the Participant, as the case may be, and, except
as otherwise provided, or unless the context otherwise requires, the capitalized
terms shall have the following meanings:

(a) "Affiliate" means any corporation, trade or business, which, at the time of
reference, is together with the Bank, a member of a controlled group of
corporations, a group of trades or businesses (whether or not incorporated)
under common control, or an affiliated service group, as described in Sections
414(b), 414(c), and 414(m) of the Code, respectively, or any other organization
treated as a single employer with the Bank under Section 414(o) of the Code.

(b) "Applicable Limitations" means one or more of the following, as applicable:

      (i)   the maximum limitation on annual benefits payable by a tax-qualified
            defined benefit plan under Section 415(b) of the Code;

      (ii)  the limitations on annual additions to a tax-qualified defined
            contribution plan under Section 415(c) of the Code;

      (iii) the maximum limitation on the annual amount of compensation that
            may, under Section 401(a)(17) of the Code, be taken into account in
            determining contributions to and benefits under tax-qualified plans;
            and

      (iv)  the maximum limitations, under Sections 401(k), 401(m), or 402(g) of
            the Code, on pre-tax contributions that may be made to a qualified
            defined contribution plan.

(c) "Bank" means Security Federal Bank & Trust, and its successors.

(d) "Board of Directors" means the Board of Directors of the Bank.

(e) "Change in Control" means, with respect to the Bank or the Company, an event
of a nature that: (i) would be required to be reported in response to Item 1(a)
of the current report on Form 8-K, as in effect on the date hereof, pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934 (the "Exchange Act");
or (ii) results in a Change in Control of the Bank or the Holding Company within
the meaning of the Change in Bank Control Act and the Rules and Regulations
promulgated by the Federal Deposit Insurance Corporation ("FDIC") at 12 C.F.R.
ss. 303.4(a), with respect to the Bank, and the Rules and Regulations
promulgated by the Office of Thrift Supervision ("OTS") (or its predecessor
agency), with respect to the Holding Company, as in effect on the date of this
Agreement; or (iii) without limitation such a Change in Control shall be deemed
to have occurred at such time as (A) any "person" (as the term is used in
Sections 13(d) and 14(d) of the Exchange

                                       2
<PAGE>

Act) is or becomes the "beneficial owner" (as defined in Rule 13d-3 under the
Exchange Act), directly or indirectly, of voting securities of the Bank or the
Holding Company representing 20% or more of the Bank's or the Holding Company's
outstanding voting securities or right to acquire such securities except for any
voting securities of the Bank purchased by the Holding Company and any voting
securities purchased by any employee benefit plan of the Holding Company or its
Subsidiaries, or (B) individuals who constitute the Board on the date hereof
(the "Incumbent Board") cease for any reason to constitute at least a majority
thereof, provided that any person becoming a director subsequent to the date
hereof whose election was approved by a vote of at least three-quarters of the
directors comprising the Incumbent Board, or whose nomination for election by
the Holding Company's stockholders was approved by a Nominating Committee solely
composed of members which are Incumbent Board members, shall be, for purposes of
this clause (B), considered as though he were a member of the Incumbent Board,
or (C) a plan of reorganization, merger, consolidation, sale of all or
substantially all the assets of the Bank or the Holding Company or a similar
transaction occurs or is effectuated in which the Bank or Holding Company is not
the resulting entity, or (D) a proxy statement has been distributed soliciting
proxies from stockholders of the Holding Company, by someone other than the
current management of the Holding Company, seeking stockholder approval of a
plan of reorganization, merger or consolidation of the Holding Company or Bank
with one or more corporations as a result of which the outstanding shares of the
class of securities then subject to such plan or transaction are exchanged for
or converted into cash or property or securities not issued by the Bank or the
Holding Company and shall be distributed, or (E) a tender offer is made for 20%
or more of the voting securities of the Bank or Holding Company then
outstanding.

(f) "Code" means the Internal Revenue Code of 1986, as amended.

(g) "Committee" means the person(s) designated by the Board of Directors,
pursuant to Section 9.02 of the Plan, to administer the Plan.

(h) "Common Stock" means the common stock of the Company.

(i) "Company" means Security Financial Bancorp, Inc., and its successors.

(j) "Effective Date" means January 1, 2000.

(k) "Eligible Individual" means any Employee who participates in the ESOP,
Pension Plan or Savings Plan, as the case may be, and whom the Board of
Directors determines is one of a "select group of management or highly
compensated employees," as such phrase is used for purposes of Sections 101,
201, and 301 of ERISA.

(l) "Employee" means any person employed by the Bank or an Affiliate.

(m) "Employer" means the Bank or Affiliate that employs the Employee.

(n) "ERISA" means the Employee Retirement Income Security Act of 1974, as
amended.

                                       3
<PAGE>

(o) "ESOP" means the Security Federal Bank & Trust Employee Stock Ownership
Plan, as amended from time to time.

(p) "ESOP Acquisition Loan" means a loan or other extension of credit incurred
by the trustee of the ESOP in connection with the purchase of Common Stock on
behalf of the ESOP.

(q) "ESOP Valuation Date" means any day as of which the investment experience of
the trust fund of the ESOP is determined and individuals' accounts under the
ESOP are adjusted accordingly.

(r) "Participant" means an Eligible Individual who is entitled to benefits under
the Plan.

(s) "Pension Plan" means the Security Federal Bank, a Federal Savings Bank
Pension Plan in the Financial Institutions Retirement Fund, as amended from time
to time.

(t) "Plan" means this Security Federal Bank & Trust Supplemental Executive
Retirement Plan.

(u) "Savings Plan" means the Security Federal Bank, a Federal Savings Bank
401(k) Plan, as amended from time to time.

(v) "Supplemental ESOP Account" means an account established by an Employer,
pursuant to Section 5.01 of the Plan, with respect to a Participant's
Supplemental ESOP Benefit.

(w) "Supplemental ESOP Benefit" means the benefit credited to a Participant
pursuant to Section 4.01 of the Plan.

(x) "Supplemental Pension Benefit" means the benefit earned by a Participant
pursuant to Section 4.03 of the Plan.

(y) "Supplemental Savings Account" means an account established by an Employer,
pursuant to Section 5.03 of the Plan, with respect to a Participant's Supplement
Savings Benefit.

(z) "Supplemental Savings Benefit" means the benefit credited to a Participant
pursuant to Section 4.04 of the Plan.

(aa) "Supplemental Stock Ownership Account" means an account established by an
Employer, pursuant to Section 5.02 of the Plan, with respect to a Participant's
Supplemental Stock Ownership Benefit.

(bb) "Supplemental Stock Ownership Benefit" means the benefit credited to a
Participant pursuant to Section 4.02 of the Plan.

                                       4
<PAGE>

                                   Article III
                          Eligibility and Participation

Section 3.01 Eligibility and Participation.

(a)   Each Eligible Individual may participate in the Plan. An Eligible
      Individual shall become a Participant in the Plan upon designation as such
      by the Board of Directors. An Eligible Individual whom the Board of
      Directors designates as a Participant in the Plan shall commence
      participation as of the date established by the Board of Directors. The
      Board of Directors shall establish an Eligible Individual's date of
      participation at the same time it designates the Eligible Individual as a
      Participant in the Plan.

(b)   The Board of Directors may, at any time, designate an Eligible Individual
      as a Participant for any or all supplemental benefits provided for under
      Article IV of the Plan.

                                       5
<PAGE>

                                  Article IV
                                   Benefits

Section 4.01 Supplemental ESOP Benefit.

As of the last day of each plan year of the ESOP, the Employer shall credit the
Participant's Supplemental ESOP Account with a Supplemental ESOP Benefit equal
to the excess of (a) over (b), where:

(a)   Equals the annual contributions made by the Employer and/or the number of
      shares of Common Stock released for allocation in connection with the
      repayment of an ESOP Acquisition Loan that would otherwise be allocated to
      the accounts of the Participant under the ESOP for the applicable plan
      year if the provisions of the ESOP were administered without regard to any
      of the Applicable Limitations; and

(b)   Equals the annual contributions made by the Employer and/or the number of
      shares of common stock released for allocation in connection with the
      repayment of an ESOP Acquisition Loan that are actually allocated to the
      accounts of the Participant under the provisions of the ESOP for that
      particular plan year after giving effect to any reduction of such
      allocation required by the limitations imposed by any of the Applicable
      Limitations.

Section 4.02 Supplemental Stock Ownership Benefit.

(a)   Upon a Change in Control, the Employer shall credit to the Participant's
      Supplemental Stock Ownership Account a Supplemental Stock Ownership
      Benefit equal to (i) less (ii), the result of which is multiplied by
      (iii), where:

      (i)   Equals the total number of shares of Common Stock acquired with the
            proceeds of all ESOP Acquisition Loans (together with any dividends,
            cash proceeds, or other medium related to such ESOP Acquisition
            Loans) that would have been allocated or credited for the benefit of
            the Participant under the ESOP and/or this Plan, as the case may be,
            had the Participant continued in the employ of the Employer through
            the first ESOP Valuation Date following the last scheduled payment
            of principal and interest on all ESOP Acquisition Loans outstanding
            at the time of the Change in Control; and

      (ii)  Equals the total number of shares of Common Stock acquired with the
            proceeds of all ESOP Acquisition Loans (together with any dividends,
            cash proceeds, or other medium related to such ESOP acquisition
            Loans) and allocated for the benefit of the Participant under the
            ESOP and/or this Plan, as the case may be, as of the first ESOP
            Valuation Date following the Change in Control; and

      (iii) Equals the fair market value of Common Stock immediately preceding
            the Change in Control.

                                       6
<PAGE>

(b)   For purposes of clause: (i) of subsection (a) of this Section 4.02, the
      total number of shares of Common Stock shall be determined by multiplying
      the sum of (i) and (ii) by (iii), where:

      (i)   equals the average of the total shares of Common Stock acquired with
            the proceeds of an ESOP Acquisition Loan and allocated for the
            benefit of the Participant under the ESOP as of the three most
            recent ESOP Valuation Dates preceding the Change in Control (or
            lesser number if the Participant has not participated in the ESOP
            for three full years);

      (ii)  equals the average number of shares of Common Stock credited to the
            Participant's Supplemental ESOP Account for the three most recent
            plan years of the ESOP (such that the three most recent plan years
            coincide with the three most recent ESOP Valuation Dates referred to
            in (i) above); and

      (iii) equals the original number of scheduled annual payments on the ESOP
            Acquisition Loans.

Section 4.03 Supplemental Pension Benefit.

A Participant or, in the event of his death, his beneficiary, whose retirement
or survivor benefits under the Pension Plan are limited by one or more of the
Applicable Limitations, shall be entitled to a supplemental retirement benefit
or survivor benefit (Supplemental Pension Benefit) under this Plan in an amount
equal to the excess of:

      (i)   the benefit to which he would be entitled under the Pension Plan in
            the absence of the Applicable Limitations, computed as of the day
            the Participant separates from service with the Employer on the
            basis of the benefit form elected under the Pension Plan; over

      (ii)  the actual benefit to which he is entitled under the Pension Plan,
            computed as of the day the Participant separates from service with
            the Employer on the basis of the benefit form elected under the
            Pension Plan;

provided, however, that, if the Plan is frozen or terminated with respect to a
Participant prior to his separation from service with the Employer, such
Supplemental Pension Benefit shall not exceed the Supplemental Pension Benefit
that would have been payable under this Section 4.03, on the basis of the
benefit form elected under the Pension Plan, if his separation from service had
occurred as of the date of the termination of the Plan.

Section 4.04 Supplemental Savings Benefit.

A Participant's Supplemental Savings Benefit under the Plan shall be equal to
the excess of (a) over (b), where:

                                       7
<PAGE>

(a)   is the sum of the matching contributions and other contributions of the
      Employer that would otherwise be allocated to an account of the
      Participant under the Savings Plan for a particular year if the provisions
      of the Savings Plan were administered without regard to any of the
      Applicable Limitations; and

(b)   is the sum of the matching contributions and other contributions of the
      Employer that are actually allocated on account of the Participant under
      the provisions of the Savings Plan for that particular year after giving
      effect to any reduction of such allocation required by any of the
      Applicable Limitations.

                                       8
<PAGE>

                                    Article V
                                    Accounts

Section 5.01 Supplemental ESOP Benefit Account.

For each Participant who is credited with a benefit pursuant to Section 4.01 of
the Plan, the Employer shall establish, as a memorandum account on its books, a
Supplemental ESOP Account. Each year, the Committee shall credit to the
Participant's Supplemental ESOP Account the amount of benefits determined under
Section 4.01 of the Plan for that year. The Committee shall credit the account
with an amount equal to the appropriate number of shares of Common Stock or
other medium of contribution that would have otherwise been made to the
Participant's accounts under the ESOP but for the limitations imposed by the
Code. Shares of Common Stock shall be valued under this Plan in the same manner
as under the ESOP. Cash contributions credited to a Participant's Supplemental
ESOP Account shall be credited annually with interest at a rate equal to the
combined weighted return provided to the Participant's non-stock accounts under
the ESOP.

Section 5.02 Supplemental Stock Ownership Account.

The Employer shall establish, as a memorandum account on its books, a
Supplemental Stock Ownership Account. Upon a Change in Control, the Committee
shall credit to the Participant's Supplemental Stock Ownership Account the
amount of benefits determined under Section 4.02 of the Plan. The Committee
shall credit the account with an amount equal to the appropriate number of
shares of Common Stock or other medium of contribution that would have otherwise
been made to the Participant's accounts under the ESOP. Shares of Common Stock
shall be valued under this Plan in the same manner as under the ESOP. Cash
contributions credited to a Participant's Supplemental Stock Ownership Account
shall be credited annually with interest at a rate equal to the combined
weighted return provided to the Participant's non-stock accounts under the ESOP.

Section 5.03 Supplemental Savings Account.

The Employer shall establish a memorandum account, the "Supplemental Savings
Account" for each Participant on its books, and each year the Committee will
credit the amount of contributions determined under Section 4.04 of the Plan.
Contributions credited to a Participant's Supplemental Savings Account shall be
credited monthly with interest at a rate equal to the combined weighted return
provided to the Participant's account(s) under the Savings Plan.

                                       9
<PAGE>

                                   Article VI
                          Supplemental Benefit Payments

Section 6.01 Payment of Supplemental ESOP Benefit.

(a)   A Participant's Supplemental ESOP Benefit shall be paid to the Participant
      or in the event of the Participant's death, to his beneficiary, in the
      same form, time and medium (i.e., cash and/or shares of Common Stock) as
      his benefits are paid under the ESOP.

(b)   A Participant shall have a non-forfeitable right to the Supplemental ESOP
      Benefit credited to him under this Plan in the same percentage as he has
      to benefits allocated to him under the ESOP at the time the benefits
      become distributable to him under the ESOP.

Section 6.02 Payment of Supplemental Stock Ownership Benefit.

(a)   A Participant's Supplemental Stock Ownership Benefit shall be paid to the
      Participant or in the event of the Participant's death, to his
      beneficiary, in the same form, time and medium (i.e., cash and/or shares
      of Common Stock) as his benefits are paid under the ESOP.

(b)   A Participant shall always have a fully non-forfeitable right to the
      Supplemental Stock Ownership Benefit credited to him under this Plan.

Section 6.03 Payment of Supplemental Pension Benefit.

(a)   A Participant's Supplemental Pension Benefit shall be paid to the
      Participant or in the event of the Participant's death, to his
      beneficiary, in the same form, and at the same time as his benefits are
      paid under the Pension Plan.

(b)   A Participant shall have a non-forfeitable right to his Supplemental
      Pension Benefit under this Plan in the same percentage as he has to his
      accrued benefits under the Pension Plan at the time the benefits become
      distributable to him under the Pension Plan.

Section 6.04 Payment of Supplemental Savings Benefit.

(a)   A Participant's Supplemental Savings Benefit shall be paid to the
      Participant or in the event of the Participant's death, to his
      beneficiary, in the same form, and at the same time as his benefits are
      paid under the Savings Plan.

(b)   A Participant shall have a non-forfeitable right to his Supplemental
      Savings Benefit under this Plan in the same percentage as he has to his
      matching contributions under the Savings Plan at the time the benefits
      become distributable to him under the Savings Plan.

                                       10
<PAGE>

Section 6.05 Alternative Payment of Benefits.

Notwithstanding the other provisions of this Article VI, a Participant may, with
prior written consent of the Committee and upon such terms and conditions as the
Committee may impose, request that the Supplemental ESOP Benefit and/or
Supplemental Stock Ownership Benefit and/or the Supplemental Pension Benefit
and/or Supplemental Savings Benefit to which he is entitled, and the survivor
benefit to which his beneficiary under the Pension Plan may be entitled under
Section 4.03 be paid commencing at a different time, over a different period, in
a different form, or to different persons, than the benefit to which he or his
beneficiary may be entitled under the ESOP, Savings Plan or the Pension Plan;
provided, however, that in the event of any difference with respect to his
Supplemental Pension Benefit, the benefit actually paid under this Section 6.05
shall be the actuarial equivalent (as determined based on applicable tables,
factors, and assumptions set forth in the Pension Plan) of the benefit that
would be paid in accordance with the provisions of Section 6.03 of the Plan.

                                       11
<PAGE>

                                   Article VII
                                Claims Procedures

Section 7.01 Claims Reviewer.

For purposes of handling claims with respect to this Plan, the "Claims Reviewer"
shall be the Committee, unless the Committee designates another person or group
of persons as Claims Reviewer.

Section 7.02 Claims Procedure.

(a)   An initial claim for benefits under the Plan must be made by the
      Participant or his or her beneficiary or beneficiaries in accordance with
      the terms of this Section 7.02.

(b)   Not later than ninety (90) days after receipt of such a claim, the Claims
      Reviewer will render a written decision on the claim to the claimant,
      unless special circumstances require the extension of such 90-day period.
      If such extension is necessary, the Claims Reviewer shall provide the
      Participant or the Participant's beneficiary or beneficiaries with written
      notification of such extension before the expiration of the initial 90-day
      period. Such notice shall specify the reason or reasons for the extension
      and the date by which a final decision can be expected. In no event shall
      such extension exceed a period of ninety (90) days from the end of the
      initial 90-day period.

(c)   In the event the Claims Reviewer denies the claim of a Participant or any
      beneficiary in whole or in part, the Claims Reviewer's written
      notification shall specify, in a manner calculated to be understood by the
      claimant, the reason for the denial; a reference to the Plan or other
      document or form that is the basis for the denial; a description of any
      additional material or information necessary for the claimant to perfect
      the claim; an explanation as to why such information or material is
      necessary; and an explanation of the applicable claims procedure.

(d)   Should the claim be denied in whole or in part and should the claimant be
      dissatisfied with the Claims Reviewer's disposition of the claimant's
      claim, the claimant may have a full and fair review of the claim by the
      Committee upon written request submitted by the claimant or the claimant's
      duly authorized representative and received by the Committee within sixty
      (60) days after the claimant receives written notification that the
      claimant's claim has been denied. In connection with such review, the
      claimant or the claimant's duly authorized representative shall be
      entitled to review pertinent documents and submit the claimant's views as
      to the issues, in writing. The Committee shall act to deny or accept the
      claim within sixty (60) days after receipt of the claimant's written
      request for review unless special circumstances require the extension of
      such 60-day period. If such extension is necessary, the Committee shall
      provide the claimant with written notification of such extension before
      the expiration of such initial 60-day period. In all events, the Committee
      shall act to deny or accept the claim within 120 days of the receipt of
      the claimant's written request for review. The action of the Committee
      shall be in the form of a written notice to the claimant and its contents
      shall include all of the requirements for action on the original claim.

(e)   In no event may a claimant commence legal action for benefits the claimant
      believes are due the claimant until the claimant has exhausted all of the
      remedies and procedures afforded the claimant by this Article VII.

                                       12
<PAGE>

                                  Article VIII
                            Amendment and Termination

Section 8.01 Amendment of the Plan.

The Bank may from time to time and at any time amend the Plan; provided,
however, that such amendment may not adversely affect the rights of any
Participant or beneficiary with respect to any benefit under the Plan to which
the Participant or beneficiary may have previously become entitled prior to the
effective date of such amendment without the consent of the Participant or
beneficiary. The Committee shall be authorized to make minor or administrative
changes to the Plan, as well as amendments required by applicable federal or
state law (or authorized or made desirable by such statutes); provided, however,
that such amendments must subsequently be ratified by the Board of Directors.

Section 8.02 Termination of the Plan.

The Bank may at any time terminate the Plan; provided, however, that such
termination may not adversely affect the rights of any Participant or
beneficiary with respect to any benefit under the Plan to which the Participant
or beneficiary may have previously become entitled prior to the effective date
of such termination without the consent of the Participant or beneficiary. Any
amounts credited to the supplemental accounts of any Participant shall remain
subject to the provisions of the Plan and no distribution of benefits shall be
accelerated because of termination of the Plan.

                                       13
<PAGE>

                                   Article IX
                               General Provisions

Section 9.01 Unfunded, Unsecured Promise to Make Payments in the Future.

The right of a Participant or any beneficiary to receive a distribution under
this Plan shall be an unsecured claim against the general assets of the Bank or
its Affiliates and neither a Participant nor his designated beneficiary or
beneficiaries shall have any rights in or against any amount credited to any
account under this Plan or any other assets of the Bank or an Affiliate. The
Plan at all times shall be considered entirely unfunded both for tax purposes
and for purposes of Title I of ERISA. Any funds invested hereunder shall
continue for all purposes to be part of the general assets of the Bank or an
Affiliate and available to its general creditors in the event of bankruptcy or
insolvency. Accounts under this Plan and any benefits which may be payable
pursuant to this Plan are not subject in any manner to anticipation, sale,
alienation, transfer, assignment, pledge, encumbrance, attachment, or
garnishment by creditors of a Participant or a Participant's beneficiary. The
Plan constitutes a mere promise by the Bank or Affiliate to make benefit
payments in the future. No interest or right to receive a benefit may be taken,
either voluntarily or involuntarily, for the satisfaction of the debts of, or
other obligations or claims against, such Participant or beneficiary, including
claims for alimony, support, separate maintenance and claims in bankruptcy
proceedings.

Section 9.02 Committee as Plan Administrator.

(a)   The Plan shall be administered by the Committee designated by the Board of
      Directors.

(b)   The Committee shall have the authority, duty and power to interpret and
      construe the provisions of the Plan as it deems appropriate. The Committee
      shall have the duty and responsibility of maintaining records, making the
      requisite calculations and disbursing the payments hereunder. In addition,
      the Committee shall have the authority and power to delegate any of its
      administrative duties to employees of the Bank or Affiliate, as they may
      deem appropriate. The Committee shall be entitled to rely on all tables,
      valuations, certificates, opinions, data and reports furnished by any
      actuary, accountant, controller, counsel or other person employed or
      retained by the Bank with respect to the Plan. The interpretations,
      determinations, regulations and calculations of the Committee shall be
      final and binding on all persons and parties concerned.

Section 9.03 Expenses.

Expenses of administration of the Plan shall be paid by the Bank or an
Affiliate.

Section 9.04 Statements.

The Committee shall furnish individual annual statements of accrued benefits to
each Participant, or current beneficiary, in such form as determined by the
Committee or as required by law.

                                       14
<PAGE>

Section 9.05 Rights of Participants and Beneficiaries.

(a)   The sole rights of a Participant or beneficiary under this Plan shall be
      to have this Plan administered according to its provisions, to receive
      whatever benefits he or she may be entitled to hereunder.

(b)   Nothing in the Plan shall be interpreted as a guaranty that any funds in
      any trust which may be established in connection with the Plan or assets
      of the Bank or an Affiliate will be sufficient to pay any benefit
      hereunder.

(c)   The adoption and maintenance of this Plan shall not be construed as
      creating any contract of employment or service between the Bank or an
      Affiliate and any Participant or other individual. The Plan shall not
      affect the right of the Bank or an Affiliate to deal with any Participants
      in employment or service respects, including their hiring, discharge,
      compensation, and conditions of employment or other service.

Section 9.06 Incompetent Individuals.

The Committee may from time to time establish rules and procedures which it
determines to be necessary for the proper administration of the Plan and the
benefits payable to a Participant or beneficiary in the event that such
Participant or beneficiary is declared incompetent and a conservator or other
person legally charged with that Participant's or beneficiary's care is
appointed. Except as otherwise provided herein, when the Committee determines
that such Participant or beneficiary is unable to manage his or her financial
affairs, the Committee may pay such Participant's or beneficiary's benefits to
such conservator, person legally charged with such Participant's or
beneficiary's care, or institution then contributing toward or providing for the
care and maintenance of such Participant or beneficiary. Any such payment shall
constitute a complete discharge of any liability of the Bank or an Affiliate and
the Plan for such Participant or beneficiary.

Section 9.07 Sale, Merger, or Consolidation of the Bank.

The Plan may be continued after a sale of assets of the Bank, or a merger or
consolidation of the Bank into or with another corporation or entity only if and
to the extent that the transferee, purchaser or successor entity agrees to
continue the Plan. Additionally, upon a merger, consolidation or other change in
control any amounts credited to a Participant's deferral accounts shall be
placed in a grantor trust to the extent not already in such a trust. In the
event that the Plan is not continued by the transferee, purchaser or successor
entity, then the Plan shall be terminated subject to the provisions of Section
8.02 of the Plan. Any legal fees incurred by a Participant in determining
benefits to which such Participant is entitled under the Plan following a sale,
merger, or consolidation of the Bank or an Affiliate of which the Participant is
an Employee or, if applicable, a member of the Board of Directors, shall be paid
by the resulting or succeeding entity.

                                       15
<PAGE>

Section 9.08 Location of Participants.

Each Participant shall keep the Bank informed of his or her current address and
the current address of his or her designated beneficiary or beneficiaries. The
Bank shall not be obligated to search for any person. If such person is not
located within three (3) years after the date on which payment of the
Participant's benefits payable under this Plan may first be made, payment may be
made as though the Participant or his or her beneficiary had died at the end of
such three-year period.

Section 9.09 Liability of the Bank and its Affiliates.

Notwithstanding any provision herein to the contrary, neither the Bank nor any
individual acting as an employee or agent of the Bank shall be liable to any
Participant, former Participant, beneficiary, or any other person for any claim,
loss, liability or expense incurred in connection with the Plan, unless
attributable to fraud or willful misconduct on the part of the Bank or any such
employee or agent of the Bank.

Section 9.10 Governing Law.

All questions pertaining to the construction, validity and effect of the Plan
shall be determined in accordance with the laws of the United States and to the
extent not preempted by such laws, by the laws of Indiana.

                                       16
<PAGE>

                                    Article X
                         Required Regulatory Provisions

Section 10.01 Required Regulatory Provisions.

      (a) The Employer may terminate an Employee's employment at any time, but
any termination by the Employer, other than termination for cause, shall not
prejudice the Employee's right to compensation or other benefits under this
Plan. An Employee shall not have the right to receive compensation or other
benefits for any period after a termination for cause as otherwise provided
hereunder.

      (b) If the Employee is suspended and/or temporarily prohibited from
participating in the conduct of the Bank's affairs by a notice served under
Section 8(e)(3) or 8(g)(1) of the Federal Deposit Insurance Act, 12 U.S.C.
ss.1818(e)(3) or (g)(1), the Bank's obligations under this contract shall be
suspended as of the date of service, unless stayed by appropriate proceedings.
If the charges in the notice are dismissed, the Bank may in its discretion (i)
pay the Employee all or part of the compensation withheld while their contract
obligations were suspended and (ii) reinstate (in whole or in part) any of the
obligations which were suspended.

      (c) If the Employee is removed and/or permanently prohibited from
participating in the conduct of the Bank's affairs by an order issued under
Section 8(e)(4) or 8(g)(1) of the Federal Deposit Insurance Act, 12 U.S.C.
ss.1818(e)(4) or (g)(1), all obligations of the Bank under this Plan shall
terminate as of the effective date of the order, but vested rights of the
contracting parties shall not be affected.

      (d) If the Bank is in default as defined in Section 3(x)(1) of the Federal
Deposit Insurance Act, 12 U.S.C. ss.1813(x)(1) all obligations of the Bank under
this Plan shall terminate as of the date of default, but this paragraph shall
not affect any vested rights of the Participants.

      (e) Any payments made to Participants pursuant to this Plan, or otherwise,
are subject to and conditioned upon compliance with 12 U.S.C. Section 1828(k),
12 C.F.R. Part 359 and 12 C.F.R. Section 545.121 and any rules and regulations
promulgated thereunder.

Having been adopted by its Board of Directors on September 9, 1999, this Plan is
executed by its duly authorized officer this August 21, 2000.

                                        SECURITY FEDERAL BANK & TRUST
Attest:

/s/ EDWINA GOLEC                        By:  /s/ JOHN P. HYLAND
-----------------------------------        -----------------------------------
EDWINA GOLEC, SECRETARY                    For the Entire Board of Directors
                                           JOHN P. HYLAND

                                      17

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