Document:

EXHIBIT 10.1

                        Administration for International
                            Credit & Investment, Inc.
                        12520 High Bluff Drive, Suite 260
                           San Diego, California 92130

                                January 01, 2005

Wolfgang Grabher
7932 Prospect Place
La Jolla, CA  92037

Dear Wolfgang:

We are  pleased  to offer  you a  full-time  position  with  Administration  for
International Credit & Investment, Inc. ("Employer") as Chief Executive Officer.
Specifics of our offer include:

      1. You will be employed by  Employer on a full-time  basis  subject to the
terms of this letter, with annual performance  reviews, and shall have the title
of Chief Executive Officer.

      2. You will be compensated at an annual rate of one hundred fifty thousand
dollars  ($150,000) paid weekly on Thursday of each week, before  withholding of
federal and state income taxes,  social security,  unemployment  insurance,  and
other customary deductions; provided, however, that said salary shall be payable
only upon the Employer being profitable, pursuant to GAAP, for a period of three
(3)  consecutive  months,  and only if you are an employee  after such three (3)
month profitable period.  Until the Employer is profitable,  as set forth herein
above, hour annual salary will be in the amount of one dollar ($1.00).

      3. You will work a minimum of thirty (40) hours per week with all requests
for time off (other than holidays observed by all of Employer's employees) to be
approved in advance by the board of  directors.  You will  perform such tasks as
shall be  assigned by the board of  directors  and such tasks as are usually and
customarily performed by persons holding the title of Chief Executive Officer.

      4. You will not be entitled to vacation during the Probationary Period and
for a period of five (5) months  thereafter (the "Initial Year").  After the end
of the Initial Year, you will be entitled to two (2) week of vacation during the
next year of service with Employer,  three (3) weeks'  vacation each year during
the next three (3) years of service with Employer,  and four (4) weeks' vacation
during each year of service with  Employer  thereafter.  After the  Probationary
Period you will also be  entitled to up to five (5) sick days,  with pay,  which
shall accrue from the date of this  agreement,  and two (2) personal  days.  All
vacation and personal days must be approved in advance by Wolfgang Grabher.  You
will  also be  entitled  to the same paid  holidays  as are  observed  by all of
Employer's employees.

<PAGE>

      5. You will be employed on an "AT WILL" basis.  That is, the terms of your
employment  shall  continue  unless   terminated  by  either  you  or  Employer.
Termination  by  Employer  may be  with  or  without  cause,  at any  time.  The
terminating  party shall give the other party three working days notice prior to
any termination. Employer reserves the right to pay the equivalent of three days
of your salary in lieu of this notice requirement.

      6. All work that you perform for Employer will be performed in our offices
or as mutually agreed otherwise.

      7. This Agreement is governed by the laws of the State of California.

      If the terms of this offer are acceptable to you, please indicate below by
signing and returning one copy of this letter to us.

Sincerely,
Administration for International Credit & Investment, Inc.

By:  /s/ Wolfgang Grabher
   ---------------------------
         Wolfgang Grabher, CEO

ACCEPTED AND AGREED TO THIS 1st. day of January 2005

 /s/ Wolfgang Grabher
 -----------------------------
Wolfgang Grabher

                                       2EXHIBIT 10.2

                        Administration for International
                            Credit & Investment, Inc.
                        12520 High Bluff Drive, Suite 260
                           San Diego, California 92130

                                February 15, 2005

CARL PERKINS
1981 Valley Quail
Santa Ana, CA 92705

Dear Carl:

We are  pleased  to offer  you a  full-time  position  with  Administration  for
International Credit & Investment, Inc. ("Employer") as Chief Operating Officer.
Specifics of our offer include:

      1. You will be  employed  by  Employer  for a period of  ninety  (90) days
commencing the date of this letter (the  "Probationary  Period")  subject to the
terms of this letter.  At the end of the  Probationary  Period,  unless Employer
shall have notified you in writing that your employment hereunder is terminated,
you will be employed by  Employer on a full-time  basis  subject to the terms of
this letter, with annual performance  reviews, and shall have the title of Chief
Operating Officer.

      2. You will be  compensated  at an annual rate of fifty  thousand  dollars
($50,000)  paid weekly on Thursday of each week,  before  withholding of federal
and state income  taxes,  social  security,  unemployment  insurance,  and other
customary deductions.

      3. You will work a minimum of thirty (30) hours per week with all requests
for time off (other than holidays observed by all of Employer's employees) to be
approved in advance by Wolfgang Grabher. You will perform such tasks as shall be
assigned  by Wolfgang  Grabher  and such tasks as are  usually  and  customarily
performed by persons holding the title of Chief Operating Officer.

      4. You will not be entitled to vacation during the Probationary Period and
for a period of five (5) months  thereafter (the "Initial Year").  After the end
of the Initial Year, you will be entitled to one (1) week of vacation during the
next year of service with Employer, two (2) weeks' vacation each year during the
next three (3) years of service  with  Employer,  and three (3) weeks'  vacation
during each year of service with  Employer  thereafter.  After the  Probationary
Period you will also be  entitled to up to five (5) sick days,  with pay,  which
shall accrue from the date of this  agreement,  and two (2) personal  days.  All
vacation and personal days must be approved in advance by Wolfgang Grabher.  You
will  also be  entitled  to the same paid  holidays  as are  observed  by all of
Employer's employees.

<PAGE>

      5. You will be employed on an "AT WILL" basis.  That is, the terms of your
employment  shall  continue  unless   terminated  by  either  you  or  Employer.
Termination  by  Employer  may be  with  or  without  cause,  at any  time.  The
terminating  party shall give the other party three working days notice prior to
any termination. Employer reserves the right to pay the equivalent of three days
of your salary in lieu of this notice requirement.

      6. All work that you perform for Employer will be performed in our offices
or as mutually agreed otherwise.

      7. All inventions,  intellectual  property rights and related  information
developed  during  the  employment  phase is fully  disclosed  and  owned by the
company.

      8. This Agreement is governed by the laws of the State of California.

      If the terms of this offer are acceptable to you, please indicate below by
signing and returning one copy of this letter to us.

Sincerely,
Administration for International Credit & Investment, Inc.

By:  /s/ Wolfgang Grabher
   ---------------------------
         Wolfgang Grabher, CEO

ACCEPTED AND AGREED TO THIS 17th day of February 2005

 /s/ Carl Perkins
------------------------------
Carl PerkinsEXHIBIT 10.3

                        Administration for International
                            Credit & Investment, Inc.
                        12520 High Bluff Drive, Suite 260
                           San Diego, California 92130

                                February 15, 2005

Russell Ingeldew
7911 Herschel Ave., Ste. 410
La Jolla, CA 92037

Dear Russell:

We are  pleased  to offer  you a  full-time  position  with  Administration  for
International Credit & Investment, Inc. ("Employer") as Chief Financial Officer.
Specifics of our offer include:

      1. You will be  employed  by  Employer  for a period of  ninety  (90) days
commencing the date of this letter (the  "Probationary  Period")  subject to the
terms of this letter.  At the end of the  Probationary  Period,  unless Employer
shall have notified you in writing that your employment hereunder is terminated,
you will be employed by  Employer on a full-time  basis  subject to the terms of
this letter, with annual performance  reviews, and shall have the title of Chief
Financial Officer.

      2. You will be compensated at an hourly rate of $125 per hour, paid weekly
on Thursday of each week, before  withholding of federal and state income taxes,
social security, unemployment insurance, and other customary deductions.

      3. The maximum  amount  paid per day will not exceed  eight (8) hours with
all requests  for time off (other than  holidays  observed by all of  Employer's
employees) to be approved in advance by Wolfgang Grabher.  You will perform such
tasks as shall be assigned by Wolfgang Grabher and such tasks as are usually and
customarily performed by persons holding the title of Chief Financial Officer.

      4. You will not be entitled to vacation during the Probationary Period and
for a period of five (5) months  thereafter (the "Initial Year").  After the end
of the Initial Year, you will be entitled to one (1) week of vacation during the
next year of service with Employer, two (2) weeks' vacation each year during the
next three (3) years of service  with  Employer,  and three (3) weeks'  vacation
during each year of service with  Employer  thereafter.  After the  Probationary
Period you will also be  entitled to up to five (5) sick days,  with pay,  which
shall accrue from the date of this  agreement,  and two (2) personal  days.  All
vacation and personal days must be approved in advance by Wolfgang Grabher.  You
will  also be  entitled  to the same paid  holidays  as are  observed  by all of
Employer's employees.

<PAGE>

      5. You will be employed on an "AT WILL" basis.  That is, the terms of your
employment  shall  continue  unless   terminated  by  either  you  or  Employer.
Termination  by  Employer  may be  with  or  without  cause,  at any  time.  The
terminating  party shall give the other party three working days notice prior to
any termination. Employer reserves the right to pay the equivalent of three days
of your salary in lieu of this notice requirement.

      6. All work that you perform for Employer will be performed in our offices
or as mutually agreed otherwise.

      7. This Agreement is governed by the laws of the State of California.

      If the terms of this offer are acceptable to you, please indicate below by
signing and returning one copy of this letter to us.

Sincerely,
Administration for International Credit & Investment, Inc.

By:  /s/ Wolfgang Grabher
    --------------------------
         Wolfgang Grabher, CEO

ACCEPTED AND AGREED TO THIS ____ day of February 2005

 /s/ Russell Ingeldew
-------------------------------
Russell Ingeldew

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