Document:

<PAGE>

                                                                        TECHTEAM

                                 EXHIBIT 10.23

                       SCOPE OF WORK FOR FORD GLOBAL SPOC
                                    SERVICES

                                 submitted to:

                               FORD MOTOR COMPANY

                                 JULY 31, 2001
                              *
                     --------------------------------------

------------------------
* Indicates that material has been omitted and confidential treatment has been
requested therefor. All such omitted material has been filed separately with the
SEC pursuant to Rule 24b-2.
<PAGE>

<Table>
<S>                                                        <C>
                                                           -------------------------------------------------------------------------
[FORD MOTOR COMPANY LOGO]      BLANKET ORDER RELEASE             THESE ITEMS MUST APPEAR ON ALL SHIPPING AND BILLING DOCUMENTS
                                     ORIGINAL              -------------------------------------------------------------------------
FORD MOTOR CREDIT COMPANY                                   Blanket Order Number:           Purchase Order Number, or Release
Buyer agrees to purchase and receive                                                        Authorization when Blanket Order Number
Ship To:                                                                                    is entered
                                                              055834                                   A57 RL01 017375
                                                           -------------------------------------------------------------------------
                                                            Title Transfer Point (F.O.B)                      Date of Order
  FORD MOTOR CREDIT CO                            9100A       DESTINATION: PASSING TITLE                        10/04/2001
  ATTN: CAROL ALEXANDER                                    -------------------------------------------------------------------------
  AMERICAN ROAD                                             Transportation Terms                              Delivery Date
  DEARBORN             MI   48121                             PREPAID ONLY                                      10/22/2001
                                                           -------------------------------------------------------------------------
                                                            Payment Terms
                                                              NET 15TH AND 30TH PROX
                                                           -------------------------------------------------------------------------
                                                            Routing                                           Funds
                                                              SELLER'S DELIVERY                                 U.S. DOLLAR
------------------------------------------------------------------------------------------------------------------------------------
                                                            Taxes                            *Invoice To
000500-002001   07-01                                       See Buyer's Standard Terms and   DO NOT INVOICE
                                                            Condition.                       SEE INSTRUCTIONS BELOW
NATIONAL TECHTEAM INC                             Q479E     Permit No:
835 MASON ST / STE 200
DEARBORN               MI   48124

------------------------------------------------------------------------------------------------------------------------------------
  LINE NO:*            ITEM NUMBER*                         QUANTITY*                E/M*                UNIT PRICE*
------------------------------------------------------------------------------------------------------------------------------------
   001          PLANT PART # - MISC 102599                       1                   SV                      *
                                                                                                         ---------
                1ST LVL SUPPORT SERVICES FOR FF HELP DESK/DESKSIDE SITES FOR PERIOD 8/1/01
                THRU 7/31/02. PRODUCT CODE 350.
------------------------------------------------------------------------------------------------------------------------------------
  LINE NO:*            ITEM NUMBER*                         QUANTITY*                U/M*                UNIT PRICE*
------------------------------------------------------------------------------------------------------------------------------------
   002          PLANT PART # - MISC 102600                       1                   SV                      *
                                                                                                         ---------
                TRAVEL EXPENSES.   PRODUCT CODE 350.
</Table>

SELLER WILL SELL AND DELIVER THE SUPPLIES AND SERVICES SPECIFIED HEREIN IN
ACCORDANCE WITH THE BUYER'S STANDARD TERMS AND CONDITIONS (FGT27,REV.09/2000
COPIES ARE AVAILABLE FROM BUYER OR AT HTTPS://FSN.FORD.COM/.

DO NOT INVOICE. FORD'S PAYMENT OBLIGATION IS AS SPECIFIED IN THE PURCHASE
ORDER. IF A PRICE IS NOT CORRECT, SEND PRICE ADVICE WITHIN 10 CALENDAR DAYS OF
SHIPMENT. RETURN EDI PRICE ADVICE DATA USING THE ANSI ASCX12 865. FOR PRICE
ADVICE ASSISTANCE, CONTACT PRICE ADVICE ADMINISTRATION AT (734) 458-0162, FAX:
(734) 458-0153. IF ORDER SPECIFIES PREPAID AND SUMMARY FREIGHT, INVOICE FREIGHT
TO P.O. BOX 6015, DEARBORN, MI 48121. DIRECT EVALUATED RECEIPT SETTLEMENT (ERS)
OR PAYMENT INQUIRIES TO (734) 525-7800.

  REQUESTOR: KATHLEEN ROSEBR - (313)-248-5317
  BUYER: JANINE DEBONA (4738) - (313)-621-7899
  REQUISITION NO.: RQ01264R03

                                  PAGE 1 OF 2      LINE ITEM TOTAL = 2

---------------------
* Indicates that material has been omitted and confidential treatment has been
requested therefor. All such omitted material has been filed separately with
the SEC pursuant to Rule 24b-2.
<PAGE>
<Table>
<S>                                                        <C>
                                                           -------------------------------------------------------------------------
[FORD MOTOR COMPANY LOGO]      BLANKET ORDER RELEASE             THESE ITEMS MUST APPEAR ON ALL SHIPPING AND BILLING DOCUMENTS
                                     ORIGINAL              -------------------------------------------------------------------------
                                                            Blanket Order Number:           Purchase Order Number, or Release
                                                                                            Authorization when Blanket Order Number
                                                                                            is entered
                                                              055834                                   A57 RL01 017375
                                                           -------------------------------------------------------------------------

                                                                                                 TOTAL    $           *
                                                                                                                  ---------
</Table>

                                  PAGE 2 OF 2    LINE ITEM TOTAL = 2

---------------------
* Indicates that material has been omitted and confidential treatment has been
requested therefor. All such omitted material has been filed separately with
the SEC pursuant to Rule 24b-2.
<PAGE>
<TABLE>
<S>                                                       <C>
                                                           -------------------------------------------------------------
                                                           THESE ITEMS MUST APPEAR ON ALL SHIPPING AND BILLING DOCUMENTS
                                                           -------------------------------------------------------------
[FORD LOGO]           PURCHASE ORDER                        Blanket Order Number:        Purchase Order Number, or
                                                            (if any)                     Release Authorization when
FORD MOTOR COMPANY, A DELAWARE CORP.                                                     Blanket Order is entered
BUYER AGREES TO PURCHASE AND RECEIVE                                                       A 01 PO01 037725
------------------------------------------------------------------------------------------------------------------------
    ATTN: JIM HORN                                          F.O.B (TITLE TRANSFER POINT)  DATE OF ORDER
    NATIONAL TECHTEAM INC                                    CARRIER/SELLRPLT             09/05/2001
    835 MASON ST / STE 200                                 -------------------------------------------------------------
    DEARBORN            MI 48124                            TRANSPORTATION TERMS          DELIVERY DATE
                                                             COLLECT                       07/31/2002
                                                           -------------------------------------------------------------
                                                            PAYMENT TERMS                 SHIPPING POINT
                                                             NET 15TH AND 30TH PROX        U.S.A
SELLER, will sell and deliver SUPPLIES specified           -------------------------------------------------------------
herein in accordance with Buyer's standard terms and        ROUTING                       FUNDS
conditions (FGT27,Rev. 9/2000). Copies are available         SELLERS DELIVERY              FUNDS =USD
from Buyer or at https://fsn.ford.com/.
------------------------------------------------------------------------------------------------------------------------
 *SHIP TO: FORD MOTOR COMPANY, A                                *INVOICE TO:     FORD MOTOR COMPANY

FORD MOTOR CO PROCESS LEADERSH                                  FORD MOTOR COMPANY
1333 FAIRLANE CIRCLE                                            P.O. BOX 926
BLDG HEADQUARTE                                                 DEARBORN, MI. 48121
ALLEN PARK MI 48101
MAX R. GOOD                                               --------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
</TABLE>

--------------------------------------------------------------------------------
LINE#     *ITEM NUMBER*      QUANTITY*    U/M*     PRC/QTY   U/M      UNIT PRICE

--------------------------------------------------------------------------------
**********************************DESCRIPTION***********************************

001 MT SC 105225         1 SV                                            *
                                                                     ---------
 PROVIDE STAFFING SERVICES FOR THE INFORMATION TECHNOLOGY MOVE SERVICES
 ORGANIZATION FROM 8/1/2001 THRU 7/31/2002. THIS SERVICE PERTAINS ONLY TO
 FORD MOTOR COMPANY NORTH AMERICA.
 SEE DOCUMENT TITLED "SCOPE OF WORK FOR FORD GLOBAL SPOC SERVICES" (DATED
 7/31/2001) FOR A DETAILED DESCRIPTION OF THESE SERVICES.

002 MI SC 105226         1 SVC                                           *
                                                                     ---------
 TRAVEL AND MISCELLANEOUS EXPENSES FOR INFORMATION TECHNOLOGY MOVE SERVICES
 ORGANIZATION.                                                           *
                                                                     ---------
 IF FORD MOTOR COMPANY (U.S.) OR VISTEON CORPORATION (U.S.) IS THE BUYER,
 AND SELLER IS A U.S. ENTITY, IN ADDITION TO THE FEDERAL LAWS RULES AND
 REGULATIONS IDENTIFIED IN CLAUSE 25 OF BUYER'S STANDARD PURCHASE ORDER
 TERMS AND CONDITIONS, SELLER SHALL ALSO COMPLY WITH EXECUTIVE ORDER 13201
 "NOTIFICATION OF EMPLOYEE RIGHTS CONCERNING PAYMENT OF UNION DUES OR FEES".

 FORD TERMS AND CONDITIONS SHALL APPLY TO THIS PURCHASE ORDER.

 PRICING IN ACCORDANCE WITH THE TECHTEAM GLOBAL SPOC CONTRACT SIGNED 8/1/01.
 COPY OF CONTRACT RESIDENT WITH BUYER.

 FOR FURTHER INFORMATION PLEASE CONTACT MAX R. GOOD AT 313 (313)-323-9727

 PAYMENT RELEASE WILL BE ISSUED UPON REVIEW OF INVOICE TO:
           MAX R. GOOD
           ITHQ-A 5M21
           1333 FAIRLANE CIRCLE
           ALLEN PARK, MI 58101

                                            TOTAL PRICE                  *
                                                                     ---------

                  REQUESTOR IS: MAX R. GOOD                    (313)-323-9727
   * SUPPLIER CODE - Q479E BUYER IS: JANINE DEBONA (4738)      (313)-621-7899
RQ01 221R20              PAGE 1 OF LAST
---------------------
* Indicates that material has been omitted and confidential treatment has been
requested therefor. All such omitted material has been filed separately with
the SEC pursuant to Rule 24b-2.
<PAGE>
<TABLE>
<S>                                                       <C>
                                                           -------------------------------------------------------------
                                                           THESE ITEMS MUST APPEAR ON ALL SHIPPING AND BILLING DOCUMENTS
                                                           -------------------------------------------------------------
[FORD LOGO]           PURCHASE ORDER                        Blanket Order Number:        Purchase Order Number, or
                                                            (if any)                     Release Authorization when
FORD MOTOR COMPANY, A DELAWARE CORP.                                                     Blanket Order is entered
BUYER AGREES TO PURCHASE AND RECEIVE                                                       A 01 PO01 037651
------------------------------------------------------------------------------------------------------------------------
    ATTN: JIM HORN                                          F.O.B (TITLE TRANSFER POINT)  DATE OF ORDER
    NATIONAL TECHTEAM INC                                    CARRIER/SELLRPLT             09/05/2001
    835 MASON ST / STE 200                                 -------------------------------------------------------------
    DEARBORN            MI 48124                            TRANSPORTATION TERMS          DELIVERY DATE
                                                             COLLECT                       07/31/2002
                                                           -------------------------------------------------------------
                                                            PAYMENT TERMS                 SHIPPING POINT
                                                             NET 15TH AND 30TH PROX        U.S.A
SELLER, will sell and deliver SUPPLIES specified           -------------------------------------------------------------
herein in accordance with Buyer's standard terms and        ROUTING                       FUNDS
conditions (FGT27,Rev. 9/2000). Copies are available         SELLERS DELIVERY              FUNDS =USD
from Buyer or at https://fsn.ford.com/.
------------------------------------------------------------------------------------------------------------------------
 *SHIP TO: FORD MOTOR COMPANY, A                                *INVOICE TO:     FORD MOTOR COMPANY

FORD MOTOR CO PROCESS LEADERSH                                  FORD MOTOR COMPANY
1333 FAIRLANE CIRCLE                                            P.O. BOX 926
BLDG HEADQUARTE                                                 DEARBORN, MI. 48121
ALLEN PARK MI 48101
MAX R. GOOD                                               --------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
</TABLE>

--------------------------------------------------------------------------------
LINE#     *ITEM NUMBER*      QUANTITY*    U/M*     PRC/QTY   U/M      UNIT PRICE

--------------------------------------------------------------------------------
**********************************DESCRIPTION***********************************

001 MT SC 105107         1 SVC                                             *
                                                                       ---------
 1ST LEVEL SUPPORT SERVICES FOR FORD N.A. SUPPORT CENTER AND DESKSIDE SITES
 FROM 8/1/2001 THRU 7/31/2002. THIS SERVICE INCLUDES PROGRAM AND RESQURCE
 MANAGEMENT THROUGH THE USE OF METRICS AND REPORTING TO FORD MANAGEMENT.
 HIGH-LEVEL SERVICES INCLUDE:
 PROGRAM MANAGEMENT, INCIDENT MANAGEMENT, ESCALATION, SOFTWARE SUPPORT/
 UPDATES, HARDWARE SUPPORT, BACK-UP, AND PROJECT OFFICE. IN ADDITION,
 VARIATIONS TO THE FORD NORTH AMERICAN AGREEMENT INCLUDE C3P RELEASE ROLLOUT,
 ANNUAL SOFTWARE AUDITS, AND SUPPORT OF ELECTRONIC DATA REVIEW AND VIDEO
 CLIENTS. SEE DOCUMENT TITLED "SCOPE OF WORK FOR FORD GLOBAL SPOC SERVICES"
 (DATED 7/31/2001) FOR A DETAILED DESCRIPTION OF THESE SERVICES.

002 MI SC 105108         1 SVC                                             *
                                                                       ---------
 TRAVEL AND MISCELLANEOUS EXPENSES FOR FORD N.A. SUPPORT CENTER AND DESKSIDE
 SITES.                                                                    *
                                                                       ---------
 IF FORD MOTOR COMPANY (U.S.) OR VISTEON CORPORATION (U.S.) IS THE BUYER,
 AND SELLER IS A U.S. ENTITY, IN ADDITION TO THE FEDERAL LAWS RULES AND
 REGULATIONS IDENTIFIED IN CLAUSE 25 OF BUYER'S STANDARD PURCHASE ORDER
 TERMS AND CONDITIONS, SELLER SHALL ALSO COMPLY WITH EXECUTIVE ORDER 13201
 "NOTIFICATION OF EMPLOYEE RIGHTS CONCERNING PAYMENT OF UNION DUES OR FEES".

 FORD TERMS AND CONDITIONS APPLY TO THIS PURCHASE ORDER.

 PRICING IS IN ACCORDANCE WITH THE TECHTEAM SPOC CONTRACT SIGNED 8/1/01.
 COPY OF CONTRACT RESIDENT WITH BUYER.

 FOR FURTHER INFORMATION PLEASE CONTACT MAX R. GOOD AT 313 (313)-323-9727

 PAYMENT RELEASE WILL BE ISSUED UPON REVIEW OF INVOICE TO:
           MAX R. GOOD
           ITHQ-A 5M21
           1333 FAIRLANE CIRCLE
           ALLEN PARK, MI 58101

                                            TOTAL PRICE                    *
                                                                       ---------

                  REQUESTOR IS: MAX R. GOOD                    (313)-323-9727
   * SUPPLIER CODE - Q479E BUYER IS: JANINE DEBONA (4738)      (313)-621-7899
RQ01 218R03              PAGE 1 OF LAST

---------------------
* Indicates that material has been omitted and confidential treatment has been
requested therefor. All such omitted material has been filed separately with
the SEC pursuant to Rule 24b-2.
<PAGE>

                            [FORD MOTOR COMPANY LOGO]

                           GLOBAL TERMS AND CONDITIONS

                                FGT27, REV. 9/00

                          EFFECTIVE SEPTEMBER 30, 2000

                                 Page 1 of 15                    FGT27, Rev 9/00

<PAGE>

[FORD MOTOR COMPANY LOGO]
Global Terms and Conditions

TABLE OF CONTENTS

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------
SECTION         DESCRIPTION                                                               PAGE
-------------------------------------------------------------------------------------------------
<S>             <C>                                                                      <C>
N/A             General                                                                   3
-------------------------------------------------------------------------------------------------
1               Offer, Acceptance                                                         3
-------------------------------------------------------------------------------------------------
2               Modifications                                                             3
-------------------------------------------------------------------------------------------------
3               Samples                                                                   4
-------------------------------------------------------------------------------------------------
4               Bailed Property                                                           4
-------------------------------------------------------------------------------------------------
5               Delivery Dates, Releases                                                  4
-------------------------------------------------------------------------------------------------
6               Packing, Marking, Shipping                                                4
-------------------------------------------------------------------------------------------------
7               Shipping Documents                                                        5
-------------------------------------------------------------------------------------------------
8               Inspection                                                                6
-------------------------------------------------------------------------------------------------
9               Invoices, Payment, Currency                                               6
-------------------------------------------------------------------------------------------------
10              Service and Replacement Parts                                             6
-------------------------------------------------------------------------------------------------
11              Applicable Taxes                                                          6
-------------------------------------------------------------------------------------------------
12              Warranty                                                                  7
-------------------------------------------------------------------------------------------------
13              Defense and Indemnity                                                     7
-------------------------------------------------------------------------------------------------
14              Title and Engineering Drawings, Specifications                            8
-------------------------------------------------------------------------------------------------
15              Infringement and Proprietary Rights                                       8
-------------------------------------------------------------------------------------------------
16              Information and Data                                                      9
-------------------------------------------------------------------------------------------------
17              Copyrights                                                                10
-------------------------------------------------------------------------------------------------
18              Subcontracts                                                              10
-------------------------------------------------------------------------------------------------
19              Advertising                                                               10
-------------------------------------------------------------------------------------------------
20              Audit Rights                                                              10
-------------------------------------------------------------------------------------------------
21              Assignment                                                                10
-------------------------------------------------------------------------------------------------
22              Excusable Delays                                                          11
-------------------------------------------------------------------------------------------------
23              Remedies, Waivers                                                         11
-------------------------------------------------------------------------------------------------
24              Termination/Expiration                                                    11
-------------------------------------------------------------------------------------------------
25              Compliance with Law                                                       12
-------------------------------------------------------------------------------------------------
26              Applicable Law and Arbitration                                            12
-------------------------------------------------------------------------------------------------
                SUPPLEMENTAL PROVISIONS APPLICABLE TO TOOLING                             13-15
-------------------------------------------------------------------------------------------------
27              Tooling Order                                                             13
-------------------------------------------------------------------------------------------------
28              Samples, Status                                                           13
-------------------------------------------------------------------------------------------------
29              Title, Identification                                                     14
-------------------------------------------------------------------------------------------------
30              Tooling Invoices, Payment for Buyer-Owned Tooling                         14
-------------------------------------------------------------------------------------------------
31              Provisions Applicable to Seller Owned Tooling                             15
-------------------------------------------------------------------------------------------------
</TABLE>

                                 Page 2 of 15                    FGT27, Rev 9/00

<PAGE>

[FORD MOTOR COMPANY LOGO]                                        FGT27, Rev 9/00

                                  GLOBAL TERMS
           FOR PRODUCTION PARTS AND NON-PRODUCTION GOODS AND SERVICES

        GENERAL

Ford Motor Company and its affiliated companies around the world comprise a
global entity whose business activities consist of development, manufacture,
marketing and sale of motor vehicles, automotive parts and financial services.
Our vision is to become the world's leading consumer company for automotive
products and services. Our mission is to improve continually our products and
services to meet our customer's needs. The automotive vehicle market is
undergoing constant development. Our customers are constantly raising their
requirements with respect to function, quality and safety. Environmental
leadership is becoming an increasingly important aspect of customer choice.
Thus, constant change and improvement are necessary to be competitive.

Successful relationships with our suppliers are important to us. Our suppliers
are an essential part of our team, playing a pivotal role in helping us to
consistently deliver quality products to our customers. Ford and its suppliers
agree that every single component must meet or exceed the requirements and
expectations of our customers and that greater customer satisfaction is the only
way for both Ford and its suppliers to achieve long-term increased volume and
profitability. Our suppliers' commitment to quality and willingness to work
together are key to Ford becoming the preeminent manufacturer of cars and trucks
in the world which will allow each of us to grow our businesses and to provide
superior returns to our respective shareholders.

To achieve our mutual goal, we must work together to exceed customer
expectations by consistently delivering exciting new products, with high quality
and low cost. In view of these goals and objectives, Ford and its suppliers
agree that the following terms and conditions, which shall be applied in the
spirit of fairness and good faith, govern the purchase delivery of goods and
services from the supplier to Ford.

These terms and conditions and associated documents are issued on behalf of the
Ford company identified on the face of a Purchase Order as the "Buyer" and will
apply to all orders issued to you as the Seller for parts and materials for
production and non-production goods and services ("Supplies"). Purchase Orders
and other associated purchasing documents will be valid without signature if
issued by Buyer through its computer system or other electronic means. The
reference to Purchase Order herein shall include a blanket Purchase Order,
Release, Parts Notification Order, Purchase Notification, Claim Summary, Tooling
Purchase Order, or similar documents issued by Buyer to Seller.

1.      OFFER, ACCEPTANCE

(a) A Purchase Order (or Release against a blanket Purchase Order) is an offer
to Seller by Buyer to enter into the purchase and supply agreement it describes.
Seller's commencement of work thereunder will constitute acceptance of the
offer.

(b) Acceptance is expressly limited to the terms of Buyer's offer. Once
accepted, such Purchase Order together with these terms and conditions will be
the complete and exclusive statement of the purchase agreement. Any
modifications proposed by Seller are expressly rejected by Buyer and shall not
become part of the agreement in the absence of Buyer's written acceptance.

2.      MODIFICATIONS

(a) Buyer, at any time, by way of written notice to Seller, may change the
design (including drawings, materials and specifications), processing, method of
packing and shipping, and the date or place of delivery of the Supplies.

                                 Page 3 of 15                    FGT27, Rev 9/00

<PAGE>

(b) If any such change affects cost or timing, Buyer will adjust the purchase
price and delivery schedules equitably.

(c) Seller will not make any change in the design, processing, packing, shipping
or date or place of delivery of the Supplies unless done pursuant to Buyer's
instructions or with Buyer's written approval.

3.      SAMPLES

Seller will supply samples in accordance with Buyer's quality standard QS9000
and/or its applicable supplements if samples are specified as required by a
Purchase Order.

4.      BAILED PROPERTY

Seller bears all responsibility for loss of and damage to any property owned by
Buyer and in Seller's possession or control for use in performing a Purchase
Order, including responsibility for loss and damage which occur despite Seller's
exercise of reasonable care, but excluding normal wear and tear. Seller will (i)
properly house and maintain such property on Seller's premises, (ii) prominently
mark it Property of Buyer, (iii) refrain from commingling it with the property
of Seller or with that of a third party, (iv) adequately insure such property
against loss or damage, and (v) not move it to another location whether owned by
Seller or a third party, without the prior written consent of Buyer, except in
the case of an emergency, Seller may move such property provided that it gives
Buyer notice that the property has been moved and the location of the property
as soon as reasonably practicable. Buyer will have the right to enter Seller's
premises at reasonable times to inspect such property and Seller's records
pertaining thereto. Where permitted by law, Seller waives any lien that Seller
might otherwise have on any of Buyer's property for work done thereon or
otherwise. Seller will assign to Buyer any claims Seller has against third
parties with respect to Buyer's property. Upon request, Seller immediately will
deliver such property at Buyer's option F.O.B. Carrier Seller's facility (Ex
Works Loaded) or F.O.B. Buyer's premises (CIF Buyer Plant/Delivered Buyer
Plant), properly packed and marked in accordance with the requirements of the
carrier and Buyer. Seller will cooperate with Buyer's removal of the property
from Seller's premises.

5.      DELIVERY DATES, RELEASES

If delivery dates are not specified in a Purchase Order, Seller will procure
materials and fabricate, assemble, and ship Supplies or provide services only as
authorized in shipment releases issued to Seller by Buyer. Buyer may return
overshipments to Seller at Seller's risk and expense for all packing, handling,
sorting, and transportation. Buyer, at any time may change or temporarily
suspend shipping schedules specified in a Purchase Order or shipment release or
other written instructions issued by Buyer pursuant to this Section. For
Supplies shipped to a European destination, the Buyer's Material Planning Guide
will apply and for Supplies shipped to North American destinations, Buyer's
Material Shipping Guide will apply. Time and quantity are of the essence in any
Purchase Order. Unless otherwise agreed, delivery times specified are the times
of delivery of the Supplies at Buyer's designated place of delivery or
destination.

6.      PACKING, MARKING, AND SHIPPING

(a) Seller will pack, mark and ship Supplies in accordance with all applicable
packaging standards of Buyer and, as appropriate, the carrier transporting such
Supplies. For Supplies shipped to European destinations, the applicable
standards are contained in Buyer's Supplier Packaging Guide (EU1750) and for
Supplies shipped to North American destinations, Buyer's Ford Packaging
Guidelines (MFG ENG 1750) shall apply. Buyer's standards for Supplies shipped to
all other destinations may be requested from Buyer's representative. Seller will
ensure that any third parties who supply packaging for Buyer's Supplies agree to
comply with such standards. Seller will reimburse Buyer for all expenses
incurred by Buyer as a result of improper packing, marking, routing, or
shipping.

                                 Page 4 of 15                    FGT27, Rev 9/00

<PAGE>

(b) Upon request, Seller will assist Buyer with regard to packing, marking,
routing, and shipping that will enable Buyer to secure the most economical
transportation rates.

(c) Seller will not charge separately for packing, marking, or shipping, or for
materials used therein unless Buyer specifies in writing that it will reimburse
Seller for such charges.

(d) Buyer may require shipment of any of the Supplies by a more expeditious
method of transportation if Seller fails to meet the shipping requirements of a
Purchase Order and Seller will bear the cost difference of such transportation
unless such failure is due to an excusable delay as specified in Section 22.

 (e) For Supplies that may contain potentially hazardous materials, if requested
by Buyer, Seller shall promptly furnish to Buyer in whatever form and detail
Buyer requests (i) a list of all potentially hazardous ingredients in the
Supplies (ii) the quantity of one or more such ingredients and (iii) information
concerning any changes in or additions to such ingredients. Before shipping the
Supplies, Seller agrees to furnish to Buyer sufficient warning and notice in
writing (including appropriate labels on the Supplies, containers and packing)
of any hazardous material that is an ingredient or a part of any of the
Supplies, together with such special handling instructions necessary to advise
carriers, Buyer, and their respective employees how to exercise that measure of
care and precaution that will best prevent bodily injury or property damage in
the handling, transportation, processing, use or disposal of the Supplies,
containers and packing shipped to Buyer. Seller shall comply with all applicable
federal, state, provincial and local laws and regulations pertaining to product
and warning labels.

(f) Seller shall comply with Buyer's applicable Guide for Environmental
Requirements which is an integral part of the Purchase Order.

7.      SHIPPING DOCUMENTS

(a) For Supplies shipped to European destinations: (i) Bills of Lading and
Advice Notes must accompany each material shipment. In all other respects Seller
shall conform to Buyer's applicable Material Shipping Guide.

        (ii) Generally applicable delivery terms and title transfer are as shown
in Buyer's Material Shipping Guide unless agreed otherwise in writing between
the parties. Specific delivery terms applying to each Purchase Order will be
stated thereon and on any other such documents as are referenced on the relevant
order.

(b) For Supplies shipped to North American destinations: (i) Seller will obtain
a straight bill of lading from the carrier of the Supplies and will include on
each packing slip and bill of lading the relevant Purchase Order number and the
destination address.

        (ii) Seller will include a numbered master packing slip with each
shipment. For shipments of less than a full carload or truckload, the slip will
be included in one of the packages that will be marked "Packing Slip Inside."
For full carload and truckload shipments the master packing slip will be
enclosed in an unsealed envelope that is affixed near the door on the inside of
the freight vehicles.

        (iii) Seller will retain the original bill of lading for three years
from the date of shipment unless otherwise directed by the Traffic Manager at
the destination facility.

        (iv) For each international shipment, Seller will comply with the
customs invoicing and documentation requirements of the destination country.
Seller will include a priced invoice (if required) with the master packing slip
and upon request will furnish all other documentation required for export from
Seller's country or import into Buyer's country. Any and all benefits or credits
resulting from a Purchase Order with Buyer including but not limited to trade
credits, export credits, customs drawbacks, rebate of taxes, fees, etc. will
belong to Buyer (unless otherwise stated on a Purchase Order or a country's
practice is to let credits remain with Seller). Seller upon request will furnish
all documents required to obtain the foregoing benefits and credits and will
identify the country of origin of the materials

                                 Page 5 of 15                    FGT27, Rev 9/00

<PAGE>

used in the Supplies and the value added thereto in each country. Additional
customs information is available upon request from Buyer's customs department in
the destination country.

8.      INSPECTION

Buyer at its option may reject and return at Seller's risk and expense, or
retain and correct, Supplies that fail to conform to the requirements of a
Purchase Order even if the nonconformity does not become apparent until the
manufacturing or processing stage. If Buyer elects to correct the Supplies, it
will consult with Seller on the method of correction. Seller will reimburse
Buyer for all reasonable expenses resulting from rejection or correction.

9.      INVOICES, PAYMENT, CURRENCY

(a) Seller will operate in accordance with all applicable payment guidelines
provided by Buyer that cover both invoiced items and those handled by Buyer's
Evaluated Receipt System (ERS).

(b) Payment terms will be as specified in the relevant Purchase Order.

(c) Seller agrees that all its accounts with Buyer will be administered on a net
settlement basis and that Buyer may set off and recoup debits and credits,
including Buyer's attorney fees and costs of enforcement, against any of
Seller's accounts regardless of basis for such debits or credits and without
additional notice. In this subsection 9(c) "Buyer" includes Buyer's parent,
subsidiaries and affiliates, and "Seller" includes Seller's parent and
subsidiaries.

(d) Unless a Purchase Order specifically states otherwise, all payments for
Supplies shall be made in the local currency of the Seller's manufacturing
location for the Supplies or in the case of services, in the local currency of
Buyer's location that receives the services.

10.     SERVICE AND REPLACEMENT PARTS

(a) At Buyer's request, Seller will sell to Buyer (i) the Supplies necessary to
fulfill Buyer's current model service and replacement requirements for such
Supplies at the prices specified in the Purchase Order plus any actual cost
differential for packaging, and (ii) if such Supplies are assemblies, service
and replacement parts of the assemblies at prices such that the total price of
all parts of the assembly does not exceed the price of the assembly specified in
the Purchase Order less assembly costs, plus any actual cost differential for
packaging.

(b) At Buyer's request during the ten-year period after Buyer completes current
model purchases, Seller will sell to Buyer Supplies to fulfill Buyer's past
model service and replacement requirements at the prices specified in a Purchase
Order plus actual cost differentials for packaging and manufacturing. During the
tenth year of such period, Buyer and Seller will negotiate in good faith with
regard to Seller's continued manufacture of service and replacement Supplies.

(c) Seller shall comply with Buyer's applicable Service Parts Guide for such
Supplies.

11.     APPLICABLE TAXES

(a) The total price specified for Supplies on a Purchase Order will include all
elements of freight, duty and tax as specified in the relevant delivery term
with the exception of value added tax (VAT), if applicable, which will be shown
separately on Seller's invoice. Seller shall comply with all applicable
provisions of Buyer's Tax Guide that is an integral part of each Purchase Order.
All applicable U.S. state sales tax direct pay permit numbers, and Canadian
federal and provincial license/permit numbers are listed in Buyer's Tax Guide.

                                 Page 6 of 15                    FGT27, Rev 9/00

<PAGE>

12.     WARRANTY

(a) Seller warrants that Supplies under a Purchase Order will, during the
warranty period specified below, conform to the applicable drawings,
specifications, or other description furnished pursuant to the Purchase Order,
and regulations in force in countries where the Supplies or Buyer's vehicles
equipped with the Supplies are to be sold, be free of defects in design (to the
extent that Seller furnished the design), materials, and workmanship and be
suitable for the purpose intended.

(b) The warranty period for Supplies installed on new vehicles produced by Buyer
will continue for the same period as the new vehicle warranty period offered by
Buyer to its customers in the country in which the vehicle is sold. For Supplies
purchased by Buyer as service and replacement parts, the warranty period will be
the greater of twelve months from delivery to Buyer's retail customer or the
remainder of the warranty period on the vehicle on which the part is installed
as a service or replacement part. Seller may contact Buyer's representative for
information regarding those countries in which vehicles incorporating Supplies
purchased from Seller will be sold.

(c) The warranty period for non-production Supplies shall be the greater of one
year after final acceptance by Buyer, or the period specified on Buyer's
Purchase Order.

(d) Seller will indemnify and hold Buyer harmless in respect of the cost of
recall campaigns and other corrective service actions that, in Buyer's
reasonable judgment, are required to rectify nonconformities in the Supplies
that are the result of defects in design (to the extent that Seller furnished
the design), materials, and workmanship.

(e) If Seller has been notified that the Supplies include commodities that are
included in Buyer's Warranty Reduction Program, Seller shall comply with all
provisions of the Buyer's Warranty Reduction Program Guide.

(f) Seller represents and warrants that the prices for the Supplies will be no
less favorable than those which Seller presently, or in the future, offers to
any other customer for the same or similar goods or services for similar
quantities. If Seller offers a lower price for the same or similar goods or
services to any other customer during the term of a Purchase Order, then to the
extent permitted by law, Seller will immediately offer Buyer the same price for
the Supplies on the same terms and conditions as was offered to the other
customer.

13.     DEFENSE AND INDEMNITY

(a) To the full extent permitted by applicable law, Seller will indemnify Buyer,
its directors, officers and employees and authorized dealers for all expenses
(including attorney fees, settlements, and judgments) incurred by Buyer in
connection with all claims (including lawsuits, administrative claims,
regulatory actions, and other proceedings to recover for personal injury or
death, property damage, or economic losses) that are related in any way to
Seller's representations, performance or obligations under a Purchase Order,
including claims based on Seller's breach of warranty and claims for any related
violations of any applicable law, ordinance or regulation or government
authorization or order. Seller's obligation to indemnify under this Section will
apply regardless of whether the claim arises in tort, negligence, contract,
warranty, strict liability or otherwise except to the extent of the negligence
of Buyer.

(b) If Seller provides services to Buyer on Buyer's premises, Seller will
examine the premises to determine whether they are safe for such services and
will advise Buyer promptly of any situation it deems to be unsafe. Seller's
employees, contractors and agents will not possess, use, sell or transfer
illegal drugs, medically unauthorized drugs or controlled substances, or
unauthorized alcohol, and will not be under the influence of alcohol or drugs on
Buyer's premises. Seller shall be exclusively responsible for, shall bear, and
shall relieve Buyer from liability for all loss, expense, damage or claims
resulting from bodily injury, sickness or disease, including death at any time
resulting therefrom, sustained by any person or persons, or on account of damage
to or destruction of property, including that of Buyer, arising out of, or in
connection with the performance of work on Buyer's premises except that

                                 Page 7 of 15                    FGT27, Rev 9/00

<PAGE>

Seller shall be not be responsible for or relieve Buyer from liability for
claims arising from the willful misconduct or the sole negligence of Buyer. For
services performed on Buyer's premises in Canada, Seller must furnish, prior to
payment, evidence of compliance with the Workplace Safety and Insurance Act,
1997 or other applicable workers' compensation legislation.

14.     TITLE AND ENGINEERING DRAWINGS, SPECIFICATIONS

(a) Any documents, including drawings and specifications produced or acquired by
Seller under a Purchase Order will belong to Buyer, subject only to Seller's
patent rights, but without any other restrictions on Buyer's use, including
reproduction, modification, disclosure or distribution of the documents or the
information contained therein. To the extent such documents contain original
work of authorship created in order to comply with a Purchase Order, the
copyrights to such work shall be owned by Buyer in accordance with Section 17.
Seller agrees not to label any such documents with a notice asserting that the
documents contain confidential or proprietary information of Seller. Any
engineering drawing that Seller is required to prepare and furnish to Buyer will
conform to the requirements of the local computer aided design standards of the
Buyer.

(b) All drawings, know-how, and confidential information supplied to Seller by
Buyer and all rights therein will remain the property of Buyer and will be kept
confidential by Seller in accordance with Section 16(f). Seller is licensed to
use Buyer's drawings, know-how, and confidential information only for the
purpose of fulfilling its obligations under a Purchase Order. In addition to the
obligations of Section 16(f), Seller will not disclose such drawings to third
parties unless this is required for Seller to fulfill its duties under a
Purchase Order. Seller will inform Buyer in writing of any third parties to whom
Seller subcontracts any of the work required under a Purchase Order specifying
in detail the work which has been subcontracted to such third party. Seller will
ensure that any third party to whom Seller subcontracts any of the work
hereunder is bound by all the terms and conditions relating to such work to
which Seller is bound under a Purchase Order.

15.     INFRINGEMENT AND PROPRIETARY RIGHTS

(a) Seller at its expense will indemnify and hold Buyer harmless with respect to
every claim that may be brought against Buyer or others that use the Supplies of
a Purchase Order, for any alleged infringement of any present or future patent,
copyright, industrial design right or other proprietary right based on Seller's
activity under a Purchase Order, or the manufacture, sale, or use of the
Supplies (i) alone, (ii) in combination by reason of their content, design or
structure, or (iii) in combination in accordance with Seller's recommendations.
Seller will investigate and defend or otherwise handle every such claim, and at
Buyer's request, assist Buyer in Buyer's investigation, defense, or handling of
any such claim. Seller will pay all expenses and damages or settlement amounts
that Buyer and others selling Buyer's products or using the Supplies of a
Purchase Order may sustain by reason of each such indemnified claim. Seller's
obligations will apply even though Buyer furnishes all or any portion of the
design and specifies all or any portion of the processing used by Seller.

(b) Seller grants to Buyer a nonexclusive, royalty free, permanent, paid-up,
irrevocable license with a right to grant a sublicense to any of its Associated
Companies to rebuild and have rebuilt the Supplies of a Purchase Order.
Associated Company means Ford Motor Company (U.S.) (if it is not the Buyer under
a Purchase Order) and any company in which Ford Motor Company (U.S.) owns,
directly or indirectly, twenty-five percent or more of the capital or voting
stock.

(c) Seller will not sell or otherwise dispose or transfer any product, that is
supplied to Buyer under a Purchase Order and that incorporates any trademark,
patentable invention, copyright work, industrial design or other matter that is
the subject of any intellectual property right of Buyer or any of its Associated
Companies, to any party other than Buyer, except where specifically authorized
by Buyer in writing.

                                 Page 8 of 15                    FGT27, Rev 9/00

<PAGE>

16.     INFORMATION AND DATA

(a) Seller will furnish to Buyer, or another party designated by Buyer, without
restrictions on use or disclosure, all information and data Seller acquires or
develops in the course of Seller's activities under a Purchase Order. At Buyer's
request, Seller also will discuss with Buyer or another party designated by
Buyer, without restrictions on use or disclosure, any potential design, quality
or manufacturing problems with Supplies Seller worked on or produced pursuant to
a Purchase Order.

(b) At Buyer's request, Seller will furnish to Buyer all other information and
data of Seller which Buyer deems necessary to understand the operation and to
maintain the goods delivered under a Purchase Order, and to understand and apply
the information and data of Section 16(a) hereof, with no restrictions on use
other than Seller's patent rights.

(c) With respect to inventions which Seller conceives or first reduces to
practice in the course of Seller's experimental or developmental activities
under a prior development agreement, early sourcing agreement, or a Purchase
Order, Seller grants to Buyer a permanent, paid-up, nonexclusive, worldwide
license, with a right to sublicense others, to make, have made, use, have used
and sell manufactures, compositions, machines, and processes, covered by patents
obtained for such inventions.

(d) Seller grants to Buyer a permanent, paid-up, nonexclusive, worldwide
license, with a right to grant a sublicense to any of its Associated Companies,
to (i) make, have made, use, have used and sell manufactures, compositions,
machines and processes used in products or services made by or for Buyer or any
of its Associated Companies, under any other patents which are now or hereafter
owned or controlled by Seller and are necessary to exercise Buyer's rights in
Section 16(c), and (ii) use, repair, modify and sell any operating software
incorporated in the Supplies in conjunction with the use or sale of the
Supplies.

(e) To the extent Buyer requires a license that is not provided in Sections
16(c) and 16(d), Seller grants to Buyer, and agrees to grant to any Associated
Company designated by Buyer, a nonexclusive license, on reasonable terms and
conditions, to make, have made, use, have used and sell manufactures,
compositions, machines and processes used in products or services made by or for
Buyer or any of its Associated Companies, under any patents now or hereafter
owned or controlled by Seller which cover any inventions embodied in the
Supplies of a Purchase Order.

(f) Unless otherwise indicated in writing by Buyer, Seller will use reasonable
care to prevent disclosing to others and will use only for the benefit of Buyer,
(i) the technical information and data furnished by Buyer or developed or
acquired by Seller in its work under a Purchase Order, prior development
agreement or early sourcing agreement for Supplies related to or using such
technical information or data, and (ii) information relating to any portion of
Buyer's business that Seller may acquire in the course of Seller's activities
under a Purchase Order, prior development agreement or early sourcing agreement.
This obligation shall continue so long as any Purchase Order for Supplies
related to or using such technical information or data is in effect and for a
period of two years thereafter. This obligation will not apply to information
that is or becomes publicly known through no fault of Seller. Nevertheless,
Seller may disclose the information and data of subsections (f)(i) and (f)(ii)
hereof to third parties if this is required for Seller to fulfill its duties
under a Purchase Order and such third parties have agreed to conditions at least
as stringent as those contained herein.

(g) In the event that Seller, either now or in the future, sells to Buyer or any
of its Associated Companies directly or through another party Supplies which are
related to Seller's experimental or development work under a Purchase Order in
production quantities for at least two of Buyer's or an Associated Company's
model years, the rights and licenses of Section 16(e) will become paid up and
irrevocable.

(h) In the event Seller provides Supplies under a Purchase Order in production
quantities for use on Buyer's products, and Seller refuses or is unable to
provide, under commercially reasonable terms, such Supplies to Buyer in
additional markets after receiving written request from Buyer, then effective 60
days after receiving such written request, Seller grants Buyer a permanent,
paid-up, nonexclusive, worldwide

                                 Page 9 of 15                    FGT27, Rev 9/00

<PAGE>

license, with a right to grant sublicenses to any of its Associated Companies,
in such additional markets under all intellectual property rights under which
Seller has a right to grant licenses, to make, have made, use, have used and
sell the Supplies and derivatives thereof in the manufacture of vehicles
manufactured by or for the Buyer or any of its Associated Companies and the
worldwide sale of such vehicles. Seller shall also cooperate with Buyer in the
exercise of such license including providing, without restriction on use,
reproduction or disclosure, all information and data deemed necessary by Buyer.

17.     COPYRIGHTS

(a) Any work of authorship created by Seller or Seller's employees under a
Purchase Order which is specially ordered or commissioned by Buyer will be
considered as a "work made for hire" and all copyrights for such works of
authorship will belong to Buyer.

(b) In the event any portion of any work of authorship created by the Seller in
performing the services under a Purchase Order does not qualify as "work made
for hire", Seller hereby assigns or, if Seller has failed to previously secure
ownership of all copyrights in such portion, will obtain title and assign all
copyrights to such work to Buyer.

(c) All works of authorship subject to Sections 17(a) or 17(b) will bear a valid
copyright notice designating Buyer as the copyright owner, for example:
"Copyright (C) 200X, Ford Motor Company", where "200X" is the year the work was
created.

(d) Seller hereby grants to Buyer a permanent, nonexclusive, paid-up, worldwide
license, with a right to grant a sublicense to any of its Associated Companies,
under each copyright it owns and controls or has the right to license, in each
work of authorship fixed in any tangible medium of expression furnished by
Seller to Buyer or its designee pursuant to a Purchase Order, to use such work,
to reproduce such work, to prepare derivative works, to distribute copies of
such work to the public, and to perform and display such work publicly.

18.     SUBCONTRACTS

In each subcontract of Seller's work performed pursuant to a Purchase Order,
Seller will obtain for Buyer the rights and licenses granted in Sections 14, 16,
and 17, and, if applicable, Section 29.

19.     ADVERTISING

Any reference to Buyer or any of its Associated Companies or use of Buyer's
trade marks or logos by Seller in Seller's advertising or publicity materials
will comply with Buyer's Publicity/Advertising Guidelines (MSP10-150).

20.     AUDIT RIGHTS

Buyer will have the right at any reasonable time to send its authorized
representatives to examine all pertinent documents and materials in the
possession or under the control of Seller relating to any of Seller's
obligations under a Purchase Order or any payments requested by Seller pursuant
to a Purchase Order. Seller shall maintain all pertinent books and records
relating to a Purchase Order for a period of two years after completion of
services or delivery of Supplies pursuant to that Purchase Order.

21.     ASSIGNMENT

Seller will not assign or delegate all or substantially all of its substantive
duties under a Purchase Order, nor transfer to another any intellectual property
right that is licensed to Buyer under Article 16, without Buyer's prior written
approval. Seller will provide Buyer with reasonable advance written notice of
any assignment of Seller's right to receive payment under a Purchase Order. Any
such assignment shall not

                                Page 10 of 15                    FGT27, Rev 9/00

<PAGE>

prohibit Buyer from enforcing any of its rights against the assignee. Buyer will
have the right to assign any benefit or duty under a Purchase Order to any third
party upon notice to Seller.

22.     EXCUSABLE DELAYS

Neither Buyer nor Seller will be liable for a failure to perform that arises
from causes or events beyond its reasonable control and without its fault or
negligence, including labor disputes. The party claiming the excusable delay
shall give notice in writing as soon as possible after the occurrence of the
cause relied on and after termination of the condition. In the event of an
excusable delay in performance, Buyer at its option may acquire possession of
all finished goods, work in process, and parts and materials produced or
acquired for the work under a Purchase Order, and Seller will deliver such
articles to Buyer, at Buyer's option, Seller's facility (Ex Works Loaded) or
F.O.B. Buyer's facility (CIF Buyer Plant/Delivered Buyer's Plant). Buyer may
also obtain the Supplies covered by a Purchase Order elsewhere for the duration
of the impediment and a reasonable period thereafter. Prior to the expiration of
any directly related labor contract of Seller, Seller at its expense will take
such actions as Seller may reasonably determine to ensure the uninterrupted
production of supplies for a period of 30 days for Buyer during any anticipated
labor disruption or slowdown resulting from the expiration of the labor
contract.

23.     REMEDIES, WAIVER

The individual remedies reserved in a Purchase Order will be in addition to any
remedies provided by law. No waiver of any breach of any provision of a Purchase
Order will constitute a waiver of any other breach of such or any other
provisions.

24.     TERMINATION/EXPIRATION

(a) Unless a Purchase Order specifically states otherwise, Buyer may terminate
its purchase obligations under a Purchase Order, in whole or in part, at any
time by a written notice of termination to Seller. Buyer will have such right of
termination notwithstanding the existence of an Excusable Delay of Section 22.

(b) Buyer may terminate a Purchase Order without liability to Seller if Seller
(i) sells, or offers to sell, a substantial portion of its assets used for the
production of Supplies for Buyer, or (ii) sells or exchanges, or offers to sell
or exchange an amount of its stock that would result in a change in the control
of Seller. Buyer shall give Seller written notice of the termination at least 30
days prior to the effective termination date. Seller shall notify Buyer no more
than ten days after entering into any negotiations for the sale or exchange of
its stock or assets that could result in a change of control of Seller. Upon
Seller's request, Buyer will execute an appropriate non-disclosure agreement
relating to information disclosed by Seller regarding the potential transaction.

(c) Upon receipt of the notice of termination, Seller, unless otherwise directed
by Buyer, will (i) terminate promptly all work under a Purchase Order; (ii)
transfer title and deliver to Buyer the finished work, the work in process, and
the parts and materials which Seller produced or acquired in accordance with a
Purchase Order and which Seller cannot use in producing goods for itself or for
others; (iii) verify/settle all claims by subcontractors for actual costs that
are rendered unrecoverable by such termination and provided the recovery of
materials in Seller's possession is ensured; and (iv) take actions reasonably
necessary to protect property in Seller's possession in which Buyer has an
interest until disposal instruction from Buyer has been received; and (v) upon
Buyer's reasonable request, cooperate with Buyer in effecting resourcing
production of the Supplies to a different supplier.

(d) Upon termination by Buyer under this Section, Buyer's obligation to Seller
will be (i) the Purchase Order price for all finished work and completed
services which conform to the requirements of a Purchase Order; (ii) Seller's
actual cost of the work in process and parts and materials transferred to Buyer
in accordance with subsection (c) (ii) hereof; (iii) Seller's actual costs of
settling the claims by subcontractors of subsection (c) (iii) hereof; and (iv)
Seller's actual cost of carrying out its obligations of subsection (c) (iv)
hereof, but Buyer's obligations will not exceed those Buyer would have had to
Seller in

                                Page 11 of 15                    FGT27, Rev 9/00

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the absence of termination. Unless otherwise stated in a Purchase Order, Buyer
shall have no obligation for and shall not be required to make payments to
Seller, directly or on account of claims by Seller's subcontractors, for loss of
anticipated profit, unabsorbed overhead, interest on claims, product development
and engineering costs, tooling, facilities and equipment rearrangement costs or
rental, unamortized depreciation costs, and general and administrative burden
charges from termination of a Purchase Order.

(e) Seller will furnish to Buyer, within one month after the effective date of
termination, Seller's termination claim, which will consist exclusively of the
items of Buyer's obligation to Seller that are listed in subsection (c) hereof.
Buyer may audit Seller's records, before or subsequent to payment, to verify
amounts requested in Seller's termination claim.

(f) Buyer will have no obligation to Seller under (a), (c), (d), or (e) above if
Buyer terminates its purchase obligations of a Purchase Order because of a
default by Seller.

25.     COMPLIANCE WITH LAW

(a) Ford Motor Company (Ford U.S.) serves from time to time as a contractor for
    the United States government. The policy of the United States government
    expressed in Pub. L. 95-507, that small business concerns and small
    disadvantaged business concerns will have the maximum practicable
    opportunity to participate in performing contracts of the United States
    government, and its clause entitled "Utilization of Small Business Concerns
    and Small Business Concerns Owned and Controlled by Socially and
    Economically Disadvantaged Individuals," apply to Ford U.S. and its U.S.
    suppliers. A copy of the foregoing clause is available from Ford U.S. upon
    request.

If Ford U.S. is the Buyer, and Seller is a U.S. entity, Seller will comply with
federal laws, rules, and regulations applicable to subcontractors of government
contractors, including those relating to contracting with small and
disadvantaged business concerns (Pub. L. 95-507); equal employment opportunity
and affirmative action in the employment of minorities (Executive Order 11246);
women (Executive Order 11375), the handicapped (29 USC 793), and certain
veterans (38 USC 4212); contracting with business concerns operating in areas of
surplus labor (41 CFR 1-1.805); and contracting with women-owned business
concerns (Executive Order 12138).

(b) Seller and Supplies shall comply with applicable laws, rules, regulations,
orders, conventions, ordinances or standards of the country of destination or
which relate to the manufacture, labeling, transportation, importation,
licensing, approval or certification of the Supplies, including those relating
to environmental matters, wages, hours, and conditions of employment,
subcontractor selection, discrimination, occupational health/safety, and motor
vehicle safety. At Buyer's request, Seller shall certify in writing its
compliance with any or all of the foregoing. Seller represents that any Supplies
purchased by Buyer under a Purchase Order will not be produced with forced labor
either by Seller or Seller's Suppliers. Seller shall indemnify Buyer against any
liability Buyer may incur if this representation is incorrect. Buyer requires
strict compliance with this provision and has the right to immediately terminate
a Purchase Order if there is a breach hereof.

(c) For Supplies shipped to European destinations Seller will notify Buyer of
the 'Classification of Dangerous Goods' in conformity with the "European
Agreement concerning the International Carriage of Dangerous Goods" prior to the
first delivery of such Supplies.

26.     APPLICABLE LAW AND ARBITRATION

(a) A Purchase Order shall be governed by the law of Buyer's principal place of
business without regard to conflict of laws provisions thereof, and litigation
on contractual causes arising from a Purchase Order shall be brought only in
that jurisdiction. For Ford Motor Company, a Delaware corporation and any U.S.
subsidiary, joint venture or other operation located in the U.S., the principal
place of business will be deemed to be Michigan. The UN Convention for the
International Sale of Goods is expressly excluded.

                                Page 12 of 15                    FGT27, Rev 9/00

<PAGE>

(b) If either party initiates litigation on such contractual causes, the other
party shall have the right to initiate mediation and binding arbitration in
accordance with the following: (i) In the case of Ford Motor Company or any of
its U.S. subsidiaries, joint ventures or other operations located in the U.S.,
the Model Procedure for Mediation of Business Disputes of the Center for Public
Resources ("CPR") and, in the case of arbitration, the CPR Rules for
Non-Administered Arbitration of Business Disputes; (ii) In the case of any Ford
Company subsidiary, joint venture or other operation located in Europe, with the
then-current Model Procedure for Mediation of Business Disputes of the CPR
Institute for Business Resolution or the mediation procedures of the Centre for
Dispute Resolution ("CEDR") in London and, in the case of arbitration, the Rules
of the London Court of International Arbitration; (iii) in the case of Ford
Motor Company of Canada, Limited or any of its Canadian subsidiaries, joint
ventures or other operations located in Canada, the CPR and to the extent not
inconsistent with CPR, the Arbitration Act, 1991 (Ontario) (the "Act"); (iv) in
the case of Ford Motor Company of Australia Limited, or any of its Australian
subsidiaries, joint ventures or other operations located in Australia, the CPR
and in the case of arbitration, the Institute of Arbitrators Australia Expedited
Commercial Arbitration Rules except for Rule 19. Each party will bear equally
the costs of the mediation and arbitration.

        (1)     The parties will jointly appoint a mutually acceptable mediator
or arbitrator, seeking assistance in such regard from CPR or CEDR, as
appropriate, if they have been unable to agree upon such appointment within 20
days.

        (2)     The parties agree to participate in good faith in the mediation
and negotiations related thereto for a period of 30 days. If the parties are not
successful in resolving the dispute through the mediation, then the parties
agree to submit the matter to binding arbitration by a sole arbitrator in
accordance with the CPR Rules for Non-Administered Arbitration of Business
Disputes, or, where the mediation procedures of CEDR have been adopted, in
accordance with the Rules of the London Court of International Arbitration. In
Canada, neither party may appeal the arbitration award to a court based on
questions of law, fact or mixed law and fact.

        (3)     Unless otherwise agreed by the parties in writing, mediation or
arbitration involving Ford Motor Company and any U.S. subsidiary, joint venture
or other operation located in the U.S. shall take place in the City of Dearborn,
Michigan and this clause 26 is subject to the Federal Arbitration Act, 9
U.S.C.A. Section 1 et seq. and judgment upon the award rendered by the
Arbitrator, if any, may be entered by any U.S. court having jurisdiction
thereof.

Mediation or arbitration involving Ford Motor Company of Canada, Limited or any
of its Canadian subsidiaries, joint ventures or other operations located in
Canada shall take place in Oakville, Ontario. The language shall be English.
Mediation or arbitration involving any Ford Company, subsidiary, joint venture
or other operation located in Europe shall take place in London and the language
shall be English. Mediation or arbitration involving Ford Motor Company of
Australia Limited or any of its Australian subsidiaries, joint ventures or other
operations located in Australia shall take place in Melbourne, Victoria,
Australia. Equitable remedies shall be available in any arbitration. Punitive
and exemplary damages shall not be awarded.

                  SUPPLEMENTAL PROVISIONS APPLICABLE TO TOOLING

27.     TOOLING ORDER

If Buyer issues a Tooling Purchase Order, Seller will design and fabricate,
rework, or acquire from such sources as Buyer has given prior approval, and
install the tools, dies, fixtures, molds, or patterns, described in such Tooling
Order ("Tooling"), subject to the terms and conditions contained herein.

28.     SAMPLES, STATUS

Seller shall, at its own expense, manufacture a reasonable number of sample
parts on the Tooling for inspection and/or testing by Buyer to ensure the
capability of the Tooling to produce parts which meet Buyer's quality standard
QS9000. In addition to Seller's obligations under Section 12 (a), to the extent

                                Page 13 of 15                    FGT27, Rev 9/00

<PAGE>

technically feasible, the Tooling shall be designed and fabricated to be
sufficiently durable to support the manufacture of all production and service
requirements through the production lifetime of the part and also permit the
production of Buyer's subsequent service-only requirements. The Tooling will be
deemed to be completed when the necessary samples have been submitted and
approved by Buyer. Buyer may request Seller to furnish semimonthly (or more
frequently at Buyer's option) status reports on the construction and acquisition
of the Tooling. Each status report shall identify the Tooling, identify the
subcontractors working on the Tooling, and designate the percentage of
completion of the work. Seller will notify Buyer immediately upon becoming aware
that the Tooling may not be completed by the completion date specified on the
Tooling Purchase Order and Seller shall furnish to Buyer a schedule of the
actions that Seller will take, at Seller's expense, to achieve completion on the
specified completion date.

29.     TITLE, IDENTIFICATION

All right, title, and interest in and to any part of Tooling to be paid for by
Buyer ("Buyer-owned Tooling") shall pass to Buyer as soon as it is acquired or
fabricated in accordance with a Tooling Purchase Order. During the term of a
Purchase Order, all such Buyer-owned Tooling in the possession of Seller shall
be deemed to be Bailed Property and shall not be deemed to be a fixture or a
part of Seller's real property. Seller will (i) properly house and maintain such
property on Seller's premises, (ii) prominently mark it Property of Buyer, (iii)
refrain from commingling it with the property of Seller or with that of a third
party, and (iv) adequately insure it against loss or damage and (v) not move it
to another location whether owned by Seller or a third party, without the prior
written consent of Buyer, except in the case of an emergency, Seller may move
the Tooling property provided that it gives Buyer notice that the Tooling has
been moved and the location of the Tooling as soon as reasonably practicable.
Seller shall indemnify Buyer against any claim adverse to Buyer's ownership of
the Buyer-owned Tooling, except as such claims may result from any acts or
omissions of Buyer. To the extent permitted by law, Seller waives its right to
object to the repossession of the Buyer-owned Tooling by Buyer in the event
Seller is involved in bankruptcy proceedings. While in its possession, Seller,
at Seller's expense, shall maintain the Buyer-owned Tooling in first class
condition and immediately replace any items which are lost or destroyed or
become worn out. All repaired or replaced Buyer-owned Tooling shall be the
property of Buyer. Wear and repair of the Buyer-owned Tooling is Seller's
responsibility. Title to any modifications, changes or accessions to Buyer-owned
Tooling shall vest in Buyer regardless of whether Buyer has reimbursed Seller
for such modification, changes or accessions. Seller shall keep such records in
relation to the Buyer-owned Tooling as Buyer may reasonably require. None of the
Buyer-owned Tooling shall be used in the production, manufacture or design of
any goods or materials except to the order of Buyer. Seller shall not sell or
otherwise dispose of any product using Buyer-owned Tooling to any party other
than Buyer except where specifically authorized by Buyer in writing. Seller's
responsibility continues beyond the expiry date of the related parts Purchase
Order. If the Buyer-owned Tooling is not utilized to produce any parts for Buyer
for a period of two years, Seller shall so notify Buyer and request instructions
as to the disposition of the Buyer-owned Tooling. If Seller subcontracts all or
any portion of the manufacture of the Buyer-owned Tooling, Seller shall so
notify Buyer in advance and obtain for Buyer all of the rights contained in this
Section 29 from each such subcontractor used by Seller.

30.     TOOLING INVOICES, PAYMENT FOR BUYER-OWNED TOOLING

(a) Payment for Buyer-owned Tooling will be made in accordance with Buyer's
standard/normal payment terms unless stated otherwise on the Tooling Purchase
Order. Seller shall comply with Buyer's Claims Guidelines contained in Buyer's
applicable Tooling Guide.

(b) If a Tooling Purchase Order designates that it is noncompetitively placed or
based on affordable targets, Buyer's payment obligation shall be no more than
the specified maximum, if any, for (i) Seller's actual costs for purchased
materials and services (including purchased Tooling and portions thereof), and
(ii) Seller's actual cost for direct labor and overhead. Seller shall establish
a reasonable accounting system that enables ready identification of Seller's
cost.

                                Page 14 of 15                    FGT27, Rev 9/00

<PAGE>

(c) To the extent permitted by applicable law, any payments made by Buyer for
Buyer-owned Tooling are expressly intended by Buyer to be held in trust for the
benefit of any subcontractor(s) used by Seller to produce the Buyer-owned
Tooling that are covered by such payments and Seller agrees to hold such
payments as trustee in express trust for such subcontractors until Seller has
paid the subcontractors in full for the Buyer-owned Tooling. Seller acknowledges
and agrees that its subcontractor is an intended third party beneficiary of the
terms of this section relating to the express trust and as such, the tooling
subcontractors shall have the right to enforce these terms directly against
Seller in their own name. Seller agrees that Buyer has no obligation to Seller
or Seller's tooling subcontractor under this section other than making the
payment to Seller in accordance with a Tooling Purchase Order. In the event
Seller's tooling subcontractor brings an action against Seller under this
section, Seller agrees that it will not join Buyer in any such action.

31.     PROVISIONS APPLICABLE TO SELLER-OWNED TOOLING

(a) If Seller has been notified that the special tooling required to support
production of Supplies for this Purchase Order is to be funded by Seller
("Seller-owned Tooling"), the following provisions shall apply:

(b) Seller acknowledges that the Purchase Order price includes a cost element to
help Seller recover the capitalization of Seller-owned Tooling. The Seller-owned
Tooling will be properly maintained by the Seller at its own expense for so long
as the Supplies are purchased by Buyer for its serial production as well as for
its service and replacement part requirements.

(c) If Seller uses the Seller-owned Tooling to produce the Supplies for other
customers, including aftermarket customers, such Supplies shall not incorporate
any of Buyer's logos, trademarks, tradenames or unique part numbers. Seller
shall not disclose or imply in its marketing efforts that the Supplies are
equivalent to those purchased from Seller by Buyer or any of its Associated
Companies. Seller shall indemnify and hold Buyer (including its employees)
harmless from and against any claim, expense, loss or liability arising out its
sale of Supplies to other customers or caused by or resulting from defects in
design, materials or workmanship of the Supplies sold to such customers; the
failure of Seller (or its subcontractors) to fully comply with applicable
federal, state, provincial, or local laws, statutes, regulations or governmental
directives which regulate the sale of Supplies to such customers; and from any
and all claims, suits and liability for loss of or damage to any tangible
property or persons (including death) caused by any act or omission, including
negligent or willful conduct of Seller or its subcontractors, arising out of
such sales of Supplies to other customers.

(d) In consideration of Buyer's Purchase Order for parts to be produced from the
Seller-owned Tooling, Seller grants Buyer an exclusive, irrevocable option to
purchase Seller-owned Tooling by paying the lesser of the outstanding
unrecovered capitalization or the fair market value at the time Buyer exercises
the option. Buyer may exercise this option at any time and in the event of
termination or expiration of this Purchase Order, but only in the event that the
Tooling is not being used by Seller to produce parts for another customer, and
upon such exercise by Buyer, Seller will cooperate with Buyer's removal of the
property from Seller's premises. If Seller finances any portion of the
Seller-owned Tooling, Seller will obtain for Buyer the rights granted in this
subsection (d) from its financing source.

                                Page 15 of 15                    FGT27, Rev 9/00<PAGE>
                                                                    EXHIBIT 10.1

                                   AGREEMENT

         THIS RACING AGREEMENT ("this Agreement") is made as of the date written
below between RACING SERVICES DE MEXICO, S.A. DE C.V., a Mexican corporation
("RSI-Mex") and GLOBAL INTERAMERICANA, L.T.D.A., a Costa Rican corporation (the
"Client").

         WHEREAS, RSI-Mex is a provider of simulcast, pari-mutuel, and other
wagering services and equipment;

         WHEREAS, the Client wishes to obtain certain services and systems from
RSI-Mex, upon the terms and conditions set forth herein; and

         WHEREAS, the Client intends to use such services and systems in
providing simulcast, pari-mutuel and other wagering services to third party
casinos or similar facilities for Internet wagering purposes;

         NOW, THEREFORE, in consideration of the mutual covenants herein, and
other good and valuable consideration, the receipt and sufficiency of which are
acknowledged, the parties hereby agree as follows:

                                 I. DEFINITIONS

         1.01. General Definitions. The following terms are defined as follows
for purposes of this Agreement:

         A.       "Arbitration" shall refer to any arbitration proceeding under
                  Section 12.01 of this Agreement.

         B.       "Claims" shall mean any and all claims, demands, damages,
                  costs, expenses, compensation, attorney's fees, harm, causes
                  of action, injuries, suits, losses, and harm of any kind
                  arising from any of the following: (a) the operation, conduct,
                  or management of the Client's business activities with the
                  Sites; (b) any event of default by or with respect to the
                  Client under this Agreement; (c) any act or omission of any of
                  the Client Parties relating to this Agreement, the Services,
                  the Equipment, the Client Obligations, and/or any transactions
                  or business activities of the Client contemplated by this
                  Agreement; (d) the actual or asserted violation of any
                  applicable law by any of the Client Parties; (e) any claim in
                  contract, tort, or other law or equity by a third party
                  relating to this Agreement, the Services, the Equipment, the
                  Client Facilities, the Client Obligations, and/or any
                  transactions or business activities of the Client contemplated
                  by this Agreement; (f) the presence, use, or disposal of any
                  hazardous materials or substances, as defined by applicable
                  law, by any of the Client Parties, or at, by, or through any
                  of the Sites or other locations at which any Services are
                  provided or Equipment used; or (g) any acts or omissions,
                  whether negligently or otherwise done, of any of the RSI-Mex
                  Parties.

<PAGE>

         C.       "Client Obligations" shall mean the obligations of the Client
                  described in Article V and other provisions of this Agreement.

         D.       "Client Parties" shall mean Client and its agents,
                  representatives, employees, subtenants, contractors,
                  subcontractors, concessionaires, licensees, officers,
                  directors, owners, members, attorneys, subsidiaries,
                  affiliates, successors, and assigns.

         E.       "Client Share" shall mean the portion of the Retainage from
                  Wagers to be distributed to the Client hereunder, as further
                  described in Exhibit "A", attached hereto and incorporated
                  herein.

         F.       "Confidential Information" shall mean proprietary information
                  belonging to RSI-Mex and information designated as
                  confidential by RSI-Mex or not generally known by non-RSI-Mex
                  personnel.

         G.       "Deposit Account" shall mean the depository bank account
                  established by RSI-Mex in its name for the deposit, retention,
                  and distribution of monies generated from Wagers at the Sites,
                  with deposits to be made directly by the Sites; the Deposit
                  Account is distinct and independent from the Patron Accounts.

         F.       "Direct Costs" shall mean all amounts necessary to pay for the
                  following: (a) the increase, above the applicable rates at the
                  Effective Date, in the actual costs and expenses incurred by
                  RSI-Mex for the Racing Information, decoders, totalisator
                  system, race information, employees of RSI-Mex involved in
                  provision of the Services and Equipment, host track interface
                  fees, and other direct costs of providing the Services and
                  Equipment; and (b) the costs and charges described on Exhibit
                  "B", attached hereto and incorporated herein.

         G.       "Effective Date" shall mean November 1, 2001.

         H.       "Equipment" shall mean the simulcast, pari-mutuel and other
                  equipment, as described more fully in Section 2.01 and other
                  provisions herein.

         I.       "Event" shall mean any racing or pari-mutuel event available
                  for wagering at or through any of the Sites.

         J.       "Fee" shall mean the portion of the Retainage from Wagers to
                  be distributed to RSI-Mex hereunder, as further described in
                  Exhibit "B".

         K.       "Handle" shall mean the gross amount of all Wagers made by
                  patrons or customers of the Client at or through each of the
                  Sites on all Events.

                                       2

<PAGE>

         L.       "Hub" shall mean the central totalisator system hub located at
                  premises of RSI-Mex on other such location deemed appropriate
                  by RSI-Mex

         M.       "Internet" shall mean the largest, nonproprietary, nonprofit
                  cooperative public computer network in the world, popularly
                  known as the "Internet", including without limitation the
                  so-called "World Wide Web".

         N.       "Materials" shall mean all data, disks, lists, financial
                  records, other records, property, information, specifications,
                  and materials used by, provided to, prepared, and/or compiled
                  by the Client, furnished to the Client, or used by the Client
                  during the term of this Agreement, as well as all copies
                  thereof.

         O.       "Other Fees" shall mean the fees and compensation [other than
                  the Fee, the Reimbursement Amounts, or Direct Costs], if any,
                  for additional services or equipment as otherwise provided
                  herein or as may be later agreed by the parties.

         P.       "Patron Account" shall mean an account established with a
                  particular Site by one of its customers or patrons.

         Q.       "Permit" shall mean the permit or other authorization for the
                  Sites to conduct wagering and related activities, including
                  without limitation Internet wagering.

         R.       "Projects" shall mean any actual or potential contract, job,
                  work, arrangement, or project for the provision in whole or
                  part of services, equipment, and/or facilities for
                  pari-mutuel, simulcast, or Internet wagering activities at any
                  location owned or operated [or provided equipment or services
                  by] in whole or part by any of the Client Parties and/or by
                  any current or future owner, successor, assignee, designee, or
                  affiliate of any of the Client Parties, including without
                  limitation at the Sites.

         S.       "Prospective Site" shall mean a casino or similar facility
                  which the Client desires to contract with for the provision of
                  some or all of the Racing Information for Internet wagering
                  purposes.

         T.       "Racing Information" shall mean the racing information,
                  together with the race-related information, transmitted to and
                  from various horse and/or greyhound racetracks, consisting of
                  the pari-mutuel tote feed, odds and daily results line.

                                       3

<PAGE>

         U.       "Reimbursement Amounts" shall mean the following: (a) any
                  amounts paid by RSI-Mex in its discretion for required
                  payments of applicable taxes and fees; (b) any amounts paid by
                  RSI-Mex in its discretion for designated disbursements to
                  governmental authorities; (c) any costs of cure by RSI-Mex of
                  an event of default by or with respect to the Client; (d) any
                  amounts due for or with respect to Claims; (e) any past due
                  interest due RSI-Mex hereunder; and/or (f) any reasonable and
                  necessary attorneys fees due RSI-Mex under this Agreement.

         V.       "Retainage" shall mean the percentage of the Handle permitted
                  by applicable law to be retained from parimutuel or similar
                  wagering pools.

         W.       "RSI-Mex Parties" shall mean RSI-Mex and its agents,
                  representatives, employees, subcontractors, contractors,
                  officers, directors, owners, members, attorneys, subsidiaries,
                  affiliates, successors, and assigns.

         X.       "Services" shall mean the simulcast, pari-mutuel, and other
                  services to be provided by RSI-Mex to the Client under this
                  Agreement, as more fully defined in Section 2.02 and other
                  provisions herein.

         Y.       "Site" shall mean any and all casinos or similar facilities
                  for which the Client, by contract or otherwise, provides or
                  causes to be provided any Racing Information for Internet
                  wagering purposes.

         Z.       "Site Account" shall mean one of RSI-Mex's internally tracked
                  accounts showing the balance in the Deposit Account
                  attributable to a particular Site.

         AA.      "Wager" shall mean any bet or other wager placed upon an Event
                  by a patron or customer at or through any of the Sites
                  relating to horse racing or greyhound racing.

         1.02. Other Definitions. The phrase "at or through" as used in Section
1.01 includes use by means of the Internet. Other terms and phrases are defined
elsewhere in this Agreement by means of parentheses and quotation marks [i.e.-
("xyz")], and shall have the same meaning throughout this Agreement. Terms and
phrases defined by governing law, not defined otherwise herein, shall have the
same meaning as in that law. All other terms and phrases shall have their
ordinary and common meaning, in light of all circumstances.

         1.03. Reference to Law. Any reference to "law", without further
qualification, includes any international law, or federal, state, local, or
other law of the nation, that is legally applicable to the circumstances at
hand, using applicable conflicts of law principles.

                                       4

<PAGE>

                                  II. EQUIPMENT

         2.01. General Description of Equipment. During the term of this
Agreement, RSI-Mex shall provide or caused to be provided to the Client the use,
by or for the Client's benefit, of the following, upon the terms and conditions
herein:

         (a)      the Hub, for operation of commingled wagering;

         (b)      the Racing Information transmission lines and backup lines
                  necessary to transmit pari-mutuel wagering Racing Information
                  to the racetracks from the Hub, and vice-versa, for the
                  purposes of including the Racing Information into commingled
                  pools;

         (c)      the modems and communications equipment reasonably necessary
                  to transmit and receive the pari-mutuel wagering Racing
                  Information at and between the Hub and the racetracks;

         (d)      the secured server or other hardware, and software, necessary
                  to interface the communication of the pari-mutuel wagering
                  data; and

         (e)      the administrative terminal and printer at one or more of the
                  Sites to be used in the operation of pari-mutuel wagering as
                  may be conducted by the Client.

                                  III. SERVICES

         3.01. Description of Services. During the term of this Agreement,
RSI-Mex shall provide or caused to be provided to the Client the following
services, upon the terms and conditions herein:

         (a)      furnishing the Racing Information for pari-mutuel wagering in
                  commingled track pools;

         (b)      monitoring of the communications network reasonably necessary
                  to transmit and receive the pari-mutuel wagering Racing
                  Information at and between the Sites, the Hub, and the
                  racetracks;

         (c)      technical support, repair, maintenance, or replacement
                  services as to the Equipment to be furnished hereunder;

         (d)      other consulting and advisory services as deemed appropriate
                  by RSI-Mex in its discretion;

                                       5

<PAGE>

         (e)      management of pari-mutuel wagering operations, including
                  operation of the Hub, reporting, deposits, Site and racetrack
                  reconciliations and payments, tax disbursements and reports,
                  calendars, past performance information, review of compliance
                  with pari-mutuel wagering procedures and with rules and
                  regulations for pari-mutuel management, and pari-mutuel
                  support services;

         (f)      pass-through of marketing and promotional services, and
                  materials, related to specific Events;

         (g)      reporting for all pari-mutuel wagering activities; and

         (h)      provision of simulcast video services as may become available
                  in the future, with the addition of such service and the
                  pricing thereof to be mutually agreed at the time by the
                  parties.

         (i)      provision of race program information including past
                  performance information; which will be made available to the
                  Sites upon a mutually agreed format and price

                        IV. EQUIPMENT/SERVICES IN GENERAL

         4.01. Change in Equipment. The exact type, quantity, and quality of the
Equipment to be furnished shall be determined by RSI-Mex in its discretion,
consistent with the general descriptions in Sections 2.01 herein. The initial
Equipment to be furnished hereunder is described on Exhibit "C", attached hereto
and incorporated herein. RSI-Mex reserves the right to change the Equipment
furnished from time to time, to replace the Equipment, and to substitute the
Equipment, so long as the same does not adversely and materially affect the
overall operation of each Site. RSI-Mex may remove any Equipment that is no
longer reasonably needed in RSI-Mex's discretion, whether due to obsolescence,
lack of use, or otherwise. The Client shall have no right, title, or interest in
any of the Equipment, and shall not cause or permit any lien or security
interest to be placed in or upon any of the Equipment. The Equipment may be
limited or changed as required due to applicable law. The term "Equipment" does
not include any equipment or other personal property owned by the Client or
leased by the Client from third parties.

         4.02. Change in Services. The exact type and quantity of the Services
to be furnished shall be determined by RSI-Mex in its discretion, consistent
with the general descriptions in Section 3.01 herein. Individuals deemed
appropriate in RSI-Mex's discretion shall provide the Services. Any individual
providing the Services to the Client on behalf of RSI-Mex shall be not be an
employee of the Client, and the Client shall have no right to control the same.
The Services may be limited or changed as required due to applicable law.

         4.03. Installation of Equipment. RSI-Mex shall be responsible for
arranging any necessary scheduling, shipping, transportation, delivery, and
installation of the Equipment.

                                       6

<PAGE>

         4.04. Repair and Maintenance. RSI-Mex may from time to time repair,
maintain, or replace some or all of the Equipment, shall be entitled to enter
Client's premises or the Sites to do so, and shall be entitled to remove any
such Equipment from the Client's premises or the Sites to do so. RSI-Mex shall
determine the Equipment needing repair, maintenance, or replacement. RSI-Mex
shall be responsible for all costs of repair, maintenance, or replacement of any
of the Equipment, except for Claims relating to Equipment.

         4.05. Subcontracting/Lease. Some or all of the Services or Equipment
may be subcontracted or leased by RSI-Mex from a third party; in such case,
RSI-Mex shall comply with all terms of such third-party arrangement. No such
arrangement shall affect any of the requirements and obligations of the Client
hereunder.

         4.06. Exclusivity. During the term of this Agreement, unless otherwise
agreed by RSI-Mex, RSI-Mex shall be the exclusive provider of the Services and
the Equipment, and any similar services facilities, or equipment, to the Client,
whether for its own use and benefit or that of third parties.

         4.07. Insurance. During the term of this Agreement, (a) RSI-Mex shall
maintain casualty insurance covering the Equipment up to its full value; (b) the
Client shall maintain casualty insurance covering all equipment and facilities
used or provided by the Client in connection with this Agreement, up to its full
value; and (c) the Client shall cause each Site to casualty insurance covering
all equipment and facilities used or provided by such Site, up to its full value

                            V. OBLIGATIONS OF CLIENT

         5.01. Prospective Sites. Throughout the term of this Agreement, the
Client shall use its good faith, best efforts to contract with the Prospective
Sites". The Client shall so contract only with Prospective Sites that are
reputable, are competent and qualified to conduct Internet wagering, have a
Permit, and are financially sound. The Client shall provide to RSI-Mex at least
15 days advance notice of the identity of the Prospective Sites [along with
information supporting such qualifications] before so contracting, and permit
RSI-Mex an opportunity to decline its consent to the same [which consent shall
not be unreasonably withheld]; in the event of withholding such consent, such
Prospective Site shall not be considered a Site hereunder and RSI-Mex shall not
provide or supply any of the Services, Racing Information, or Equipment to the
same. RSI-Mex agrees that, if it withholds consent of a Prospective Site [who is
not then a customer of RSI or any affiliate] as permitted above, it shall not
within one (1) year thereafter contract with such Prospective Site for provision
of Racing Information for Internet wagering services.

                                       7

<PAGE>

         5.02. Site Activities. The Client shall ensure that the Sites are
operated in compliance with applicable law, on an on-going, consistent basis,
and in a business-like manner consistent with the intent of maximizing revenues
from such activities. The Client shall cause each of its contracts with the
Sites to include legally-enforceable provisions that substantively provides [in
form of representations, covenants, and warranties by the Site] as follows: (a)
the Site is reputable, is competent and qualified to conduct Internet wagering,
has a Permit, and is financially sound; (b) the Site is operated in compliance
with applicable law, on an on-going, consistent basis, and in a business-like
manner consistent with the intent of maximizing revenues from such activities;
(c) the Site is properly licensed in its jurisdiction to accept, handle, and pay
the Wagers; (d) the makers of the Wagers are properly authorized to make and
receive payments under the same in their respective jurisdictions; (e) the Site
shall use only legal means of wagering in connection with the Wagers; (f) the
Site shall comply with all applicable law, including without limitation any
applicable federal or state law, in connection with the Wagers; (g) the Racing
Information shall be protected from unauthorized disclosure and use; and (h) the
Racing Information shall not be re-distributed by the Site.

         5.03. Other Services and Equipment. The Client, as opposed to RSI-Mex,
shall also provide to the Sites [or contractually require the Sites to
self-provide] all goods, materials, facilities, equipment, utilities, and
services necessary to conduct the proposed Internet wagering described herein
[except for the Services and Equipment], including without limitation
establishing an Internet network of wagering locations, the data transmission
necessary to communicate such wagering data from the Sites to the Hub, adequate
hardware and software, adequate quantity and quality of personnel, on-site
customer service, and Internet access to the Hub.

                                VI. DISTRIBUTIONS

         6.01. Deposit Accounts. Each Site shall deposit into the Deposit
Account an amount of money equal to the aggregate amount of Wagers it wishes to
have handled through RSI-Mex hereunder. RSI shall establish a Site Account for
Site; the Site Account shall not be a separate bank account, but an internally
tracked sub-account within the Deposit Account. RSI-Mex shall not be required to
handle or otherwise deal with Wagers, or provide Services or Racing Information,
with respect to Wagers from a particular Site in excess of the then-balance of
the Site Account of that particular Site. Consequently, if a particular Site
wishes to increase the Wagers to be handled through RSI-Mex hereunder by a
certain amount, then such Site must make an additional deposit of money in such
amount into the Deposit Account. Moreover, the Site Account balance may change
from time to time, even on a less than daily basis, and a particular Site may be
required to make additional deposits of money into the Deposit Account to ensure
that the same level of Wagers can and will be handled through RSI-Mex hereunder.
No withdrawals or refunds may be made from the Deposit Account, or from a
particular Site Account, without the consent of RSI-Mex. RSI-Mex shall be
authorized to reconcile all Wagers.

                                       8

<PAGE>

         6.02. Distribution. The Client and RSI-Mex shall share the Retainage
from Wagers, receiving the Client Share and the Fee respectively. The Client
shall pay RSI-Mex immediately upon request by invoice, or alternatively RSI-Mex
may draw from the Deposit Account and/or Retainage, the Fee, as its fees for
furnishing of the Equipment and Services.

         6.03. Distribution Priorities. On a weekly basis during the term of
this Agreement, the Handle for the preceding week shall be distributed by
RSI-Mex, or its affiliate or assignee, in accordance with the following order of
priority:

         (a)      to pay all winning Wagers;

         (b)      to pay all wagering taxes and fees required by law for the
                  Wagers;

         (c)      to pay the Direct Costs, if any;

         (d)      to pay the Reimbursement Amounts, if any;

         (e)      to pay the Fee;

         (f)      to pay the Other Fees, if any; and

         (g)      to pay the Client Share.

Notwithstanding anything else herein, if, after payment of the items described
in this Section in such order of priority, the Handle for the preceding week is
insufficient to pay fully any of the junior-priority items in this Section, then
such deficiency shall be carried over to the following week(s), as may be
needed. If there is more than one item with such a deficiency at the same time,
the priority scheme above shall apply amongst such items. On a weekly basis,
RSI-Mex shall provide a written report to the Client, setting forth the
calculations of daily Handle and Retainage for the preceding week, and specific
distributions there from.

         6.04. Direct Costs. The Client shall pay RSI-Mex immediately upon
request by invoice, or alternatively RSI-Mex may draw from the Deposit Account
and/or the Retainage, the amount necessary to pay the Direct Costs.

         6.05. Reimbursement. The Client shall further reimburse or pay RSI-Mex
immediately upon request by invoice, or alternatively RSI-Mex may draw from the
Deposit Account and/or the Retainage, the amount necessary to pay the
Reimbursement Amounts.

         6.06. Other Fees. The Client shall further pay RSI-Mex immediately upon
request by invoice, or alternatively RSI-Mex may draw from the Deposit Account
and/or the Retainage, the amount necessary to pay the Other Fees.

                                       9

<PAGE>

         6.07. Interest. All past due amounts owing to RSI-Mex hereunder shall
bear interest at the lesser of the rate of 18% per annum or the maximum rate
allowed by applicable law.

         6.08. Currency. All monetary obligations by the Client to RSI-Mex shall
be paid in United States dollars, unless otherwise agreed in writing by RSI-Mex.
All references to "money" in this Agreement refer to United States dollars. All
references to "$" in this Agreement refer to United States dollars, or with
respect to foreign currency Wagers, to the monetary equivalent in such foreign
currency at then-current exchange rates as determined by RSI-Mex.

         6.09. Records Retention/Audit. During the term of this Agreement and
for a period of at least two (2) years thereafter, RSI-Mex and the Client shall
each maintain and retain accurate books, records, accounts, and other
documentation relating to the Services, the Equipment, and the business
activities of the Client contemplated in this Agreement. Each party shall have
the right to inspect, copy, and audit, at its expense, such documentation in
order to verify compliance with this Agreement. Access to Hub documentation may
be limited by RSI-Mex, or such documentation redacted, as may be reasonably
necessary to avoid disclosure of private information relating to other clients
of RSI-Mex.

                 VII. CLIENT REPRESENTATIONS/INDEMNITY/INSURANCE

         7.01. Client Representations. The Client hereby represents, warrants,
and covenants to RSI-Mex the following, along with that done elsewhere herein,
as of the date of this Agreement and continuing thereafter throughout the term
of this Agreement, acknowledging RSI-Mex's reliance thereon: (a) the Client is a
validly organized and existing entity in good standing under the laws of the
state and nation of its organization; (b) the Client is duly qualified under law
to perform transact the business activities by it contemplated by this
Agreement; (c) all requisite organizational action has been taken to authorize
execution and performance of this Agreement by the Client, and the person
signing below on behalf of the Client is fully authorized and directed to do so
by the Client; (d) the Client is fully and duly authorized to execute and
perform this Agreement; (e) the execution and performance of this Agreement by
the Client shall not violate any applicable law; (f) the execution and
performance of this Agreement by the Client shall not breach any other agreement
or contract of the Client; (g) the Client has all necessary licenses, permits,
and other authorizations necessary to perform the business activities of the
Client contemplated by this Agreement; (h) the Client will comply with all
applicable laws in performance of the business activities of the Client
contemplated by this Agreement; (i) no action, arbitration, suit, or other
proceeding is pending, or to the Client's knowledge threatened, before any
court, administrative body, arbitrator, quasi-judicial body, or governmental
entity of any jurisdiction wherein an unfavorable ruling or finding might
prevent the transactions contemplated by this Agreement, cause any of such
transactions to be rescinded, or otherwise adversely affect the rights of
RSI-Mex hereunder; (j) the Client has relied upon its own judgment, and of
professionals and other persons of its choosing, in entering into this
Agreement; (k) the Client has had a full and fair opportunity to review this
Agreement and all terms thereof; (l) the Client has read and understood all of
the terms of this Agreement; (m) the Client has not made any statement or
provided any information or materials to RSI-Mex in

                                       10

<PAGE>

connection with this Agreement, nor omitted to make any statement to RSI-Mex,
which was misleading or deceptive when made or has become so at execution of
this Agreement; (n) the representations made by the Client herein or in
connection with this transaction are true and complete in all material respects;
(o) no portion of any amount payable to the Client hereunder, or no portion of
any revenue from the Client's business activities contemplated by this Agreement
has been or will be directly or indirectly paid or given to any person or
entity, including without limitation any official, employee, or representative
of any government or governmental entity, as a fee, bribe, kick-back, or other
illegal payment in connection with the application for and/or necessary
approvals for any such activities or for execution or performance of this
Agreement; (p) the Client has executed this Agreement freely and voluntarily and
without duress or compulsion of any kind; (q) there have been no representations
or warranties made to the Client by any of the RSI-Mex Parties concerning the
subject-matter of this Agreement except as herein set forth; (r) except as
previously disclosed in writing to RSI-Mex, no employee, official, or
representative of RSI-Mex has any direct or indirect personal financial interest
in the Client or shall receive any direct or indirect compensation or benefit
from the Client; (s) the Client shall comply with all pari-mutuel and other
operating procedures promulgated from time to time by RSI-Mex; (u) the Client
shall not directly or indirectly transmit, broadcast, or otherwise distribute,
or permit the same to be done, the Racing Information to any third party, other
than a Site, without the prior written consent of RSI-Mex; (t) the Client shall
not interfere in any way in the performance of Services and provision of
Equipment by RSI-Mex; (w) the Client and its employees shall comply with and
follow the instructions of RSI-Mex with regard to the Services and/or Equipment;
(x) the statements in Section 5.01(a)-(h) are and will remain true and correct;
and (y) the Client shall use RSI-Mex as the exclusive provider of the Services
and Equipment, and services and equipment similar thereto, to casinos, or
similar facilities which any of the Client Parties own or operate in whole or
part, or with which any of the Client Parties have any contractual or other
relationship to provide such any services or equipment in whole or part.

         7.02. Client Indemnity. The Client agrees to indemnify, defend, and
hold harmless each of the RSI-Mex Parties from and against any and all Claims,
except to the proportional extent the Claims are the direct result of negligence
or intentional misconduct of RSI-Mex. In case of any action or proceeding
brought against any RSI-Mex Party by reason of any Claim, the Client, upon
notice from such RSI-Mex Party, agrees to defend such action or proceeding by
legal counsel satisfactory to such RSI-Mex Party.

               VIII. RSI-MEX REPRESENTATIONS/WARRANTIES/INDEMNITY

         8.01. RSI-Mex Representations. RSI-Mex hereby represents, warrants, and
covenants to the Client the following, along with that done elsewhere herein, as
of the date of this Agreement and continuing thereafter throughout the term of
this Agreement, acknowledging Client's reliance thereon: (a) RSI-Mex is a
validly organized and existing entity in good standing under the laws of the
state and nation of its organization; (b) RSI-Mex is duly qualified under
applicable law to perform transact the business activities by it contemplated by
this Agreement; (c) all requisite organizational action has been taken to
authorize execution and performance of

                                       11

<PAGE>

this Agreement by RSI-Mex; (d) the person signing below on behalf of RSI-Mex is
fully authorized and directed to do so by RSI-Mex; (e) RSI-Mex is fully and duly
authorized to execute and perform this Agreement; (f) the execution and
performance of this Agreement by RSI-Mex shall not violate any applicable law,
if properly performed by the Client; (g) RSI-Mex has all necessary licenses,
permits, and other authorizations necessary to perform the Services and provide
the Equipment; (h) RSI-Mex will comply with all applicable law in performance of
the Services and provision of the Equipment, if properly performed by the
Client; (i) RSI-Mex has relied upon its own judgment, and of professionals and
other persons of its choosing, in entering into this Agreement; (j) RSI-Mex has
had a full and fair opportunity to review this Agreement and all terms thereof;
(k) RSI-Mex has read and understood all of the terms of this Agreement; (l)
RSI-Mex has executed this Agreement freely and voluntarily and without duress or
compulsion of any kind; (m) no action, arbitration, suit, or other proceeding is
pending, or to RSI-Mex's knowledge threatened, before any court, administrative
body, arbitrator, quasi-judicial body, or governmental entity of any
jurisdiction wherein an unfavorable ruling or finding might prevent the
transactions contemplated by this Agreement, cause any of such transactions to
be rescinded, or otherwise adversely affect the rights of the Client hereunder;
and (n) there have been no representations or warranties made to RSI-Mex by any
of the Client Parties concerning the subject-matter of this Agreement except as
herein set forth.

         8.02. Disclaimer. EXCEPT AS PROVIDED IN SECTION 8.03 HEREOF, RSI-MEX
HEREBY DISCLAIMS ANY AND ALL EXPRESS AND IMPLIED WARRANTIES OF ANY KIND RELATING
TO THE SERVICES AND/OR THE EQUIPMENT, INCLUDING WITHOUT LIMITATION THE IMPLIED
WARRANTY OF MERCHANTABILITY, THE IMPLIED WARRANTY OF SUITABILITY, THE IMPLIED
WARRANTY OF GOOD AND WORKMANLIKE PERFORMANCE, AND THE IMPLIED WARRANTY OF
FITNESS FOR A PARTICULAR PURPOSE.

         8.03. Warranty. Except as otherwise provided herein, RSI-Mex warrants
that the Services shall be of good quality consistent with industry standards,
and that the Equipment will be in working condition, reasonable wear and tear
excepted. In the event of malfunction or defect in any of the Equipment that
materially and adversely affects the Client's operations as described herein
[other than based on an Claim], and upon written notice thereof by the Client to
RSI-Mex, RSI-Mex shall repair or replace such Equipment within a reasonable
time, not to be less than 30 days, without liability to the Client or anyone
else; the Client's sole remedy in each instance is limited to such repair or
replacement remedy.

         8.04. RSI-Mex Indemnity. RSI-Mex agrees to indemnify, defend, and
hold-harmless the Client from and against any Claims relating to RSI-Mex's
performance under this Agreement to the proportional extent that the same are
the direct result of negligence or intentional misconduct of RSI-Mex. In the
event the acts and/or omissions of any of the Client Parties, and the negligent
or intentional acts and/or omissions of RSI-Mex, jointly and concurrently cause
any Claim relating to RSI-Mex's performance under this Agreement, then the
indemnity set forth in Sections 7.02 and 8.04 of this Agreement shall be
comparative, based upon the adjudicated or arbitrated responsibility.

                                       12

<PAGE>

                            IX. TERM AND TERMINATION

         9.01. Term. This Agreement shall commence upon the Effective Date, and
shall continue thereafter for a term of five (5) years. This Agreement shall be
automatically renewed for a term of a like period at the end of the initial term
and any renewal term, unless either party shall give the other party written
notice of non-renewal at least ninety (90) days prior to the expiration of the
initial term or renewal term, as the case may be.

         9.02. Termination. This Agreement may be terminated prior to the
expiration of the initial term or any renewal term, as follows:

         (a)      by either party in accordance with Sections 10.01-10.03
                  hereof, due to an event of default by or with respect to the
                  other party;

         (b)      by RSI-Mex immediately upon written notice to the Client, if
                  the continued operation or provision of the Services and/or
                  Equipment to the Client would violate any applicable law; or

         (c)      by RSI-Mex immediately 30 days prior written notice to the
                  Client, if RSI-Mex determines in its discretion that the
                  payments or amounts retained by RSI-Mex are in an amount
                  insufficient to cover its usual and customary costs and
                  expenses of RSI-Mex to provide the Services and Equipment for
                  any consecutive three-month period.

         9.03. Renegotiation. In the event of termination of this Agreement
[except for termination due to an event of default under Paragraphs 9.02(a) or
9.02(b)] or at the expiration of the initial term or any renewal term without
renewal of this Agreement, the parties agree to engage in good faith
negotiations to reach agreement on the provisions of an new agreement generally
similar to this Agreement.

         9.04. Effect of Termination. In the event of termination of this
Agreement, or the expiration with subsequent renewal of the initial term or any
renewal term, the following shall occur:

         (a)      RSI-Mex shall retain all monies previously paid to it, except
                  as otherwise set forth in the Arbitration;

         (b)      the Client shall immediately pay RSI-Mex all past due amounts
                  under this Agreement;

         (c)      RSI-Mex shall have the right to enter upon, and take and/or
                  regain possession of the Equipment and any other property
                  owned by or subject to the right to possession of RSI-Mex,
                  without being liable for prosecution or any claim for damages
                  therefore;

                                       13

<PAGE>

         (d)      If an event of default by or with respect to the Client
                  exists, and without limitation as to any other damages or
                  remedy available to RSI-Mex, the Client shall immediately pay
                  to RSI-Mex an amount equal to the product of the following:
                  (i) the number of weeks in the remainder of the then-current
                  initial term or renewal term, as the case may be, of this
                  Agreement, rounded up; multiplied by (ii) the weekly average
                  of the Fee for the preceding time period of this Agreement;
                  and

         (e)      If an event of default by or with respect to one party exists,
                  then the other party may exercise its rights and remedies
                  under Sections 10.02-10.03 hereunder.

                             X. DEFAULT AND REMEDIES

         10.01. Default. The following shall be deemed to be events of default
under this Agreement:

         (a)      the other party's failure to pay any monetary obligation or
                  any other amount herein when due;

         (b)      the other party's failure to comply with any term, provision
                  or covenant of this Agreement;

         (c)      the falsity of any representation made in this Agreement by
                  the other party;

         (d)      insolvency of the other party;

         (e)      the making of an assignment for the benefit of creditors by
                  the other party;

         (f)      the filing of a petition under applicable bankruptcy or
                  liquidation laws, by or against the other party;

         (g)      appointment of a receiver, conservator, trustee, examiner, or
                  similar official for any of the Equipment, for the other
                  party, or for the assets of the other party;

         (h)      closure of the other party's business by a governmental
                  authority for any reason; and/or

         (i)      the subjection of any right, property, or interest of the
                  other party to tax lien, attachment, execution, garnishment,
                  turnover, or other levy or seizure under appropriate legal
                  process.

                                       14

<PAGE>

         10.02. RSI-Mex Remedies. Upon the occurrence of any such event of
default by or with respect to the Client, RSI-Mex shall have the option to
pursue any one or more of the following remedies:

         (a)      bring an arbitration proceeding as described in Section 12.01
                  et. seq. hereof;

         (b)      cease provision and furnishing of all or part of the Services
                  under this Agreement;

         (c)      cease provision and furnishing of all or part of the
                  Equipment, and use thereof, under this Agreement;

         (d)      enter upon, and take and/or regain possession of the Equipment
                  and any other property owned by or subject to the right to
                  possession of RSI-Mex, without being liable for prosecution or
                  any claim for damages therefore;

         (e)      cure any defaults of the Client, with the Client being liable
                  to RSI-Mex for all costs and expenses incurred by RSI-Mex with
                  respect to the same;

         (f)      cease performance of its obligations under this Agreement;

         (g)      offset, set-off, and/or recoup any monetary obligations owed
                  to RSI-Mex by the Client;

         (h)      offset, set-off, and/or recoup from the Deposit Account and/or
                  any of the Collateral all amounts owed to RSI-Mex;

         (i)      cease the Client's access, if any, to the Deposit Account;

         (j)      bring suit or other legal proceedings against the Client, or
                  any other person, for legal and/or equitable remedies and
                  relief;

         (k)      seek specific performance of any obligations, covenants, or
                  conditions of the Client hereunder;

         (l)      terminate this Agreement.

Before exercising any of the foregoing remedies, except in event of default with
respect to a monetary obligation by the Client, RSI-Mex shall provide at least
30 days prior written notice of the event of default to the Client, and provide
the Client such time period to cure such default.

                                       15

<PAGE>

         10.03. Client Remedies. Upon the occurrence of any such event of
default by or with respect to RSI-Mex, the Client shall have the option to
pursue any one or more of the following remedies:

         (a)      bring an arbitration proceeding as described in Section 12.01
                  et. seq. hereof;

         (b)      cease performance of its non-monetary obligations under this
                  Agreement; or

         (c)      terminate this Agreement.

Before exercising any of the foregoing remedies, the Client shall provide at
least 30 days prior written notice of the event of default to RSI-Mex, and
provide RSI-Mex such time period to cure such default.

         10.04. Limitation of Liability. None of the RSI-Mex Parties shall be
liable to any of the Client Parties for any of the following: (a) consequential
damages; or (b) error or misconduct by any employee of the Client or any of the
Sites, regardless of the training, if any, provided by RSI-Mex.

         10.05. Force Majeure/Time. RSI-Mex shall not be liable or responsible
for, and there shall be excluded from the computation of any specified period of
time for performance by RSI-Mex, any delays or failures due to any of the
following: (a) strikes, slow-downs, sit-ins, or labor disputes; (b) riots; (c)
acts of God; (d) shortages of labor or materials; (e) war and other military
actions of any kind; (f) political or other protests; (g) rebellions,
revolutions, civil disturbance, or revolts; (h) fire or other casualty; (i)
technical difficulties; (j) climate or weather events; (k) electrical,
telephone, or satellite transmission failures or delays; (l) governmental laws,
regulations, decisions, or restrictions of any kind; (m) any act or omission of
any Client Party; (n) any act or omission of any person not controlled by
RSI-Mex; (o) downtime due to repair, maintenance, or replacement of any of the
Equipment; (p) defect or malfunction in any of the Equipment; (q) any act or
omission of any contractor, supplier, or subcontractor of RSI-Mex; (r) change in
laws; (s) terrorism, sabotage, or similar activity of any kind; (t) hacking, the
unauthorized or improper access or use of computer, telecommunication, or
similar systems, or similar activity of any kind; (u) transportation delays; or
(v) any other cause of any kind whatsoever which is beyond the control of
RSI-Mex. Time is of the essence with regard to the Client's Obligations.

                                       16

<PAGE>

                             XI. FUTURE TRANSACTIONS

         11.01. First Refusal Rights. During the term of this Agreement, and for
a period of 4 years after termination or expiration thereof, so long as it is
not in default hereunder, RSI-Mex is hereby granted a right of first refusal to
contract for each of the Projects". The Client shall provide prior written
notice to RSI-Mex of any intended Projects, and RSI-Mex shall then have the
option, in its discretion and within twenty (20) days after receipt by RSI-Mex
of such notice, to agree to provide such services, equipment, and/or facilities
upon mutually-agreeable terms and conditions, if possible to be reached after
good faith negotiations, to the particular Projects at issue. Such rights of
first refusal shall continue with respect to each such Projects. The Client
shall further provide prior written notice to RSI-Mex of any and all bona fide,
arms-length offer(s) from a third-party to furnish any such services, equipment,
and/or facilities within ten (10) days of receipt thereof, with such notice
setting forth all terms and conditions of such offer and the identities of the
parties involved, and RSI-Mex shall then have the option, in its discretion and
within twenty (20) days after receipt by RSI-Mex of such notice, to agree to
provide such services, equipment, and/or facilities on substantially the same
terms and conditions as contained in such offer. If RSI-Mex does not exercise
such offer, the Client may enter into a contract with such third party in
accordance with the offer presented to RSI-Mex, but not on other terms and
conditions or with any other third party.

         11.02. Referral to RSI-Mex. In addition to the obligations set forth
above, the Client agrees to refer orally and in writing, and without
compensation, commission, or payment except as may be then mutually agreed, to
RSI-Mex all opportunities, of which it now or hereafter obtains knowledge, to
contract for the provision in whole or part of services, equipment, and/or
facilities for simulcast, pari-mutuel wagering, or Internet activities at any
location other than the Sites or Projects.

         11.03. Referral to Client. If RSI-Mex learns of any opportunities,
other than at the Sites or in Mexico, involving Internet pari-mutuel wagering
and where the Client can fulfill a role similar to that under this Agreement,
then RSI-Mex shall notify the Client of the same.

                                XII. ARBITRATION

         12.01. Submission to Arbitration. EXCEPT AS PROVIDED IN SECTION 9.03
BELOW, EACH PARTY HEREBY AGREES TO SUBMIT TO BINDING ARBITRATION ALL DISPUTES
BETWEEN THEM RELATING TO THIS AGREEMENT, THE SERVICES, THE EQUIPMENT, AND/OR THE
RESPECTIVE OBLIGATIONS OF THE PARTIES HEREUNDER.

                                       17

<PAGE>

         12.02. Arbitration Proceedings. The Arbitration shall be conducted
before, and under the International Arbitration rules of, the American
Arbitration Association. The Arbitration shall be held in Juarez, Mexico. The
costs of the Arbitration shall be initially split equally between the parties,
with the arbitrator to be entitled to allocate such costs differently in the
award. The award of the arbitrator may be enforced in any court of competent
jurisdiction.

         12.03. Exception to Arbitration. Notwithstanding anything herein to the
contrary, the foregoing arbitration provisions and the Arbitration shall not
apply to any of the following: (a) any dispute giving rise to a claim covered
under a policy of insurance, in which case, a claim may be directly presented to
the insurance carrier, and/or suit or other legal proceedings brought to enforce
such claim, up to the extent of such insurance coverage; (b) any criminal
proceeding; (c) the exercise of any remedy hereunder or at law not seeking the
establishment of a definitive determination, judgment, or award; (d) the joinder
to any action brought by a third party; or (e) the exercise of rights of RSI-Mex
to take or regain possession of the Equipment.

                               XIII. MISCELLANEOUS

         13.01. Confidential Information. The Client understands that, during
the term of this Agreement, the Client will have access to the Confidential
Information. RSI-Mex desires to protect the Confidential Information from
subsequent use or disclosure by the Client or any person or entity acting in
concert with the Client. The Client agrees that, during the term of this
Agreement and at all times thereafter, the Client shall not, without the prior
written consent of RSI-Mex, do any of the following, directly or indirectly: (a)
use any of the Confidential Information for the Client's own purposes or for the
purposes of any person or entity other than RSI-Mex; and/or (b) disclose any of
the Confidential Information to any third party, except (i) as reasonably and in
good faith required in connection with performance of this Agreement by the
Client, or (ii) as required by law, including without limitation, any securities
laws or stock exchange rules [with prior notice to RSI-Mex]. The Client further
shall take all steps necessary to prevent disclosure of Confidential Information
by any other person or entity, during the term of this Agreement and at all
times thereafter, without the prior written consent of RSI-Mex.

         13.02. Proprietary Materials. Notwithstanding the disclosure to the
Client in the past or at any time in the future, all of the Materials shall be
and remain the sole and exclusive property of RSI-Mex. None of the Materials
shall be retained by the Client, or shall be transmitted to anyone at any time,
either now or in the future, except as reasonably and in good faith required in
connection with performance of this Agreement by the Client. Upon termination of
this Agreement, or upon request by RSI-Mex, the Client shall promptly return the
Materials to RSI-Mex. The Materials are included within the definition of
Confidential Information.

                                       18

<PAGE>

         13.03. No Assignment. Except as provided herein or without the prior
written consent of the other party, no party shall have right or power to assign
this Agreement in whole or in part, or to delegate any duties hereunder in whole
or part.

         13.04. Binding Effect. This Agreement, and every provision thereof,
shall be binding upon and shall inure to the benefit of the parties and their
respective successors and permitted assigns.

         13.05. Attorneys' Fees. Should either party employ an attorney or
attorneys to enforce any of the provisions hereof, the non-prevailing party
agrees to pay to the prevailing party all reasonable costs and expenses,
including attorney's fees, incurred in connection therewith.

         13.06. Interpretation. Wherever the context shall require, the singular
shall include the plural, and the male gender shall include the female gender
and the neuter, and vice versa.

         13.07. Waiver. No consent or waiver, express or implied, by a party to
or for any breach of any provision hereunder by the other party shall be deemed
a consent or waiver to or for any other breach of the same provision or any
other provision hereunder.

         13.08. Joint Preparation. The parties have jointly prepared this
Agreement, and no ambiguity shall be construed against any party based on the
identity of the author of this Agreement.

         13.09. Survival. All representations, warranties, covenants, and
provisions contained in this Agreement shall survive execution and delivery of
this Agreement and the transactions contemplated hereunder.

         13.10. Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same document.

         13.11. Modification. No change, waiver, or modification of any
provision of this Agreement shall be valid unless the same is in writing and
signed by the party to be charged.

         13.12. Relationship. This Agreement does not constitute a joint
venture, partnership, or other business combination or arrangement of any kind
between the parties hereto. RSI-Mex shall have no obligation, whether in
contract or tort, to any of the Sites. RSI-Mex is simply a subcontractor to the
Client with respect to these matters.

                                       19

<PAGE>

         13.13. Invalidity. If any provision of this Agreement shall be found by
any court or administrative body of competent jurisdiction to be invalid or
unenforceable, the invalid or unenforceable provision shall not effect the other
provisions of this Agreement and all provisions not affected by such invalidity
or unenforceability shall remain in full force and effect. The parties hereby
agree to attempt to substitute for any invalid or unenforceable provision a
valid or enforceable provision, which achieves to the greatest extent possible
the economic legal and commercial objective of the invalid or unenforceable
provision.

         13.14. Headings. Headings to clauses in this Agreement are for the
purpose of information and identification only and shall not be construed as
forming part of this Agreement.

         13.15. Notices. Any notice, request, instruction or other document to
be given hereunder shall be hand-delivered, sent by first class mail, or sent by
telex or facsimile, with such telex or facsimile notice to be followed-up by
letter posted within 12 hours, to the address of the other party set forth below
or such other address as may have been provided in the interim:

If to RSI-Mex:             Racing Services de Mexico, S.A. de C.V.
                           Av. Rio Nilo #3429 - 3
                           Fracc. Cordoba Americas
                           Cd. Juarez, Chihuahua 32310

If to the Client:          Fascio & Canas
                           ATN: Fernan Pacheco
                           Barrio Tournon
                           Apartado 5173 - 1000
                           San Jose, Costa Rica

         13.16. Accord and Satisfaction. RSI-Mex is entitled to accept, receive,
cash, or deposit any payment made by the Client for any reason or purpose or in
any amount of any kind, and apply the same, at RSI-Mex's option, to any
obligation of the Client. Such payment shall not constitute payment of any
amount owed, except that to which RSI-Mex has applied the same. No endorsement
or statement on any check, draft, wire-transfer memorandum, or letter of the
Client shall be deemed an accord and satisfaction or otherwise recognized for
any purpose whatsoever, and the acceptance of any such payment shall be without
prejudice to RSI-Mex's right to recover any and all amounts owed by the Client
hereunder and RSI-Mex's right to pursue any other available remedy.

         13.17. Usury Savings. Assuming such laws are even applicable, it is the
express intent of the parties at all times to strictly comply with applicable
law governing the maximum rate or amount of interest payable in connection with
this Agreement. It is therefore agreed as follows that: (a) in the event the
maturity is accelerated, or if all or any part of the rent or other obligations
(collectively, for purposes of this single section, the "obligations") are
prepaid prior to maturity, any and all unearned interest shall be canceled
automatically, or if paid, at RSI-Mex's option, shall either be refunded to the
Client or credited on the unpaid principal balance of

                                       20

<PAGE>

the obligations; (b) the aggregate of all interest and other charges
constituting interest under applicable law and contracted for, chargeable, or
receivable under the obligations or in connection with this transaction shall
never exceed the maximum amount of interest which RSI-Mex may contract for,
charge, or receive from the Client under applicable law and with regard to which
the Client may not successfully assert the claim or defense of usury; and (c) if
any excess interest is provided for, it shall be deemed a mistake and the same
at RSI-Mex's option shall either be refunded to the Client or credited to the
unpaid principal balance of the obligations and any agreement shall be
automatically deemed reformed so as to permit only the collection of the maximum
non-usurious rate and amount of interest allowed under applicable law. All sums
paid or agreed to be paid for the use, forbearance, or detention of the
obligations, shall, to the full extent permitted by applicable law, be
amortized, pro-rated, allocated, and spread through the full term of the
obligations.

         13.18. Payment Without Set-off. The monetary obligations of the Client
hereunder, and any part thereof, shall be paid without claim or set-off,
counterclaim, or deduction of any nature or for any cause whatsoever.

         13.19. Cumulative Rights. The rights and remedies of RSI-Mex under this
Agreement, and the exercise thereof, shall be without prejudice to the
enforcement of any other right or remedy authorized by law or this Agreement.

         13.20. Joint and Several Liability. If the Client is a joint venture, a
partnership, or other business organization or group, the members of which are
subject to personal liability, the liability of each such member shall be deemed
to be joint and several.

         13.21. No Third-Party Beneficiary. Except as expressly provided herein,
the parties do not intend any third party, including without limitation any
Site, to have any rights or remedies under this Agreement.

         13.22. Entire Agreement. THIS AGREEMENT CONTAINS THE ENTIRE AGREEMENT
BETWEEN THE PARTIES AND THERE ARE NO PROMISES, AGREEMENTS, CONDITIONS,
UNDERTAKINGS, COVENANTS, WARRANTIES, REPRESENTATIONS, EITHER WRITTEN OR ORAL,
EXPRESS OR IMPLIED, BETWEEN THE PARTIES ON THE MATTERS HEREIN, OTHER THAN AS SET
FORTH HEREIN OR IN DOCUMENTS DESCRIBED HEREIN. IT IS EXPRESSLY UNDERSTOOD AND
AGREED THAT THE PARTIES INTEND THIS AGREEMENT TO BE AN INTEGRATION OF ALL PRIOR
AND CONTEMPORANEOUS PROMISES, AGREEMENTS, CONDITIONS, UNDERTAKINGS, WARRANTIES,
AND REPRESENTATIONS BETWEEN THE PARTIES ON THE MATTERS HEREIN, EXCEPT AS SET
FORTH HEREIN OR IN THE DOCUMENTS DESCRIBED HEREIN.

                                       21

<PAGE>

         13.23. Governing Law. THIS AGREEMENT SHALL BE GOVERNED, AND CONSTRUED
IN ACCORDANCE WITH, THE LAWS OF MEXICO [EXCEPT LAWS RELATING TO TECHNICAL
REQUIREMENTS REGARDING FORMATION AND ENFORCEABILITY OF THIS AGREEMENT]. IT IS
THE INTENT OF THE PARTIES THAT THIS AGREEMENT NOT BE SUBJECT TO FEDERAL OR STATE
LAW OF THE UNITED STATES IN ANY CIRCUMSTANCES.

         EXECUTED as of the 24th day of October, 2001.

                                        RACING SERVICES DE MEXICO, S.A. DE C.V.

                                      By:  S/SUSAN BALA
                                         ------------------------------
                                    Name:  Susan Bala
                                         ------------------------------
                                   Title:  President Sole Administrator
                                         ------------------------------
                                                                       "RSI-Mex"

                                        GLOBAL INTERAMERICANA, L.T.D.A.

                                      By:  S/RAYMUNDO DIAZ
                                          -----------------------------
                                        Name:   Raymundo Diaz
                                            ---------------------------
                                          Title:  President
                                                -----------------------

                                                                        "Client"

                                       22

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