Document:

Loan Agreement

     This loan  agreement (the  "Agreement" or the "Loan  Agreement") is entered
into by and between The Yankee  Companies,  LLC.,  a Florida  limited  liability
company  ("Yankees"),  and Colmena  Corp., a Delaware  corporation  ("Colmena"),
(Yankees and Colmena being sometimes hereinafter collectively referred to as the
"Parties"  and each being  sometimes  hereinafter  generically  referred to as a
"Party").

                                    Preamble:

     WHEREAS,  Colmena requires significant capital for miscellaneous  corporate
     purposes; and

     WHEREAS,  Colmena is willing to pledge all of its assets,  wherever located
     or whenever  acquired,  as security for such financing (the  "Collateral");
     and

     WHEREAS, subject to the following terms and conditions,  Yankees is willing
     to loan Colmena a sum of up to  $150,000,  on a revolving  basis,  upon the
     collateral security of the Collateral,  subject to the terms and conditions
     set forth below:

     NOW, THEREFORE, in consideration of the sum of $10, other good and valuable
     consideration,  the receipt of which is hereby acknowledged,  and, upon the
     mutual covenants and conditions  contained herein, the Parties hereby agree
     as follows:

                                   Witnesseth:

1.   DEFINITIONS & INTERPRETATION

    (a)   Definitions:

          The following terms, whether or not initially  capitalized,  will have
          the meanings set forth below:

         (1)   Accredited  Investor:

               A  person  or  entity  that  meets  the  asset,  income  or other
               requirements for treatment as an accredited investor specified in
               Rule  501  of  Commission  Regulation  D  promulgated  under  the
               Securities Act

         (2)   Affiliate:

               An entity or person that  controls,  is controlled by or is under
               common control with another person.

         (3)   Colmena:

               The term for Colmena Corp., a publicly held Delaware  corporation
               with a class of securities  registered under Section 12(g) of the
               Exchange Act, and a Party to this Agreement, together with all of
               its subsidiaries.

         (4)   Colmena Financial Statements:

               Financial  statements,  including  all related  schedules and the
               Notes thereto, of Colmena included in Colmena's last report filed
               on Commission Form 10-KSB;  the reports on Commission Form 10-QSB
               filed  subsequent  thereto  and  the  financial   statements  for
               subsidiaries subsequently acquired by Colmena included in current
               reports  on  Commission  Form 8-K  filed  since  the dates of the
               Subsequent  Quarterly Reports (the "Subsequent Current Reports");
               all such financial statements being hereinafter collectively  and

                                      -17-

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               generically referred to as the "Colmena Financial Statements,"

         (5)   Capital Stock:

               The  generic  term used for equity  securities,  whether  common,
               preferred or otherwise.

         (6)   Collateral:

               All of Colmena's  assets,  whenever acquired or wherever located,
               whether  real or  personal,  tangible or  intangible,  current or
               inchoate, including, without limitation, all of the Capital Stock
               of its subsidiaries,  rights under agreements,  notes,  financial
               accounts,  intellectual  property  rights and all other things of
               whatever  nature  which the  Parties  may  define  as  Collateral
               subject to this Agreement in any future agreements.

         (7)   Commission:

               The United States Securities and Exchange Commission.

         (8)   Code:

               The Internal Revenue Code of 1986, as amended.

         (9)   Default:

               The occurrence of any of the following  events during the term of
               this Agreement or any extensions or renewals thereof:

              (A)   The failure of Colmena to pay any amount when due  hereunder
                    for a period of 20  business  days after  written  notice by
                    Yankees to Colmena;

              (B)   The failure by Colmena to perform any material  agreement or
                    material  undertaking  under  this  Agreement  or any  other
                    material agreement or material document given to evidence or
                    secure any of the Secured Obligations;

              (C)   The material  inaccuracy  of any  warranty,  representation,
                    covenant or agreement  made by Colmena to Yankees under this
                    Agreement   relating  to  any   related   document  or  this
                    Agreement, at the time when made;

              (D)   Colmena's  insolvency,  termination  of  business as a going
                    concern or inability  to pay debts  generally as they become
                    due;

              (E)   The  filing  of a  petition  or order for  relief  under the
                    bankruptcy  laws or insolvency  laws or for  reorganization,
                    composition,  adjustment,  or other relief of debtors  under
                    any  law by or  against  Colmena  if  such  petition  is not
                    dismissed within 30 days;

              (F)   The making of an assignment  for the benefit of creditors by
                    Colmena,  or the appointment of a receiver or liquidator for
                    Colmena;

              (G)   The order by a court of competent  jurisdiction  winding up,
                    or liquidation of, the affairs of Colmena;

              (H)   The dissolution of Colmena; or

              (I)   The   initiation   of  a  lawsuit   or   quasi-judicial   or
                    administrative   proceeding  by  any  person  or  entity  or
                    governmental  instrumentality against Colmena or any part of
                    the Collateral; or

              (J)   Any event defined as a default under any of the  agreements,
                    Notes or instruments ancillary to this Agreement.

                                      -18-
<PAGE>

         (10)  Exchange Act:

               The Securities Exchange Act of 1934, as amended.

         (11)  Exchange Act Reports:

               All  reports  filed by Colmena  with the  Commission  pursuant to
               Sections 12(g), 13 and 15(d) of the Exchange Act.

         (12)  GAAP:

               Generally accepted accounting principles, consistently applied.

         (13)  Initial Funding Installment:

               The aggregate sum already  advanced to or on behalf of Colmena as
               of the date of this agreement.

         (14)  IRS:

               The United States Internal Revenue Service.

         (15)  Knowledge:

               When  used to  qualify a  representation  or  warranty,  the word
               "knowledge" or any derivations or variations thereof,  whether in
               the  form  of  a  word  or  phrase,  will  mean  knowledge  after
               reasonable inquiry by an executive officer of the legal entity on
               whose behalf the  assertion is made and will include  information
               that  such  legal  entity  should  have  had in the  exercise  of
               reasonable diligence.

         (16)  Loans:

               The funds  advanced  by  Yankees  to  Colmena  from time to time,
               including  all funds  heretofore  advanced by Yankees to Colmena,
               which are the objects of this Agreement.

         (17)  Material:

               When  used to  qualify a  representation  or  warranty,  the word
               "material" or any derivations or variations  thereof,  whether in
               the form of a word or  phrase,  will mean a  variance  that could
               have  negatively  affected a  decision  by a  reasonably  prudent
               person  to  engage  in  the  transactions  contemplated  by  this
               Agreement,  and will be  measured  both on the  occasion in which
               such term is  referenced  as well as on an  aggregate  basis with
               other similar matters.

         (18)  NASD:

               The National Association of Securities Dealers,  Inc., a Delaware
               corporation and self regulatory  organization registered with the
               Commission.

         (19)  Note(s):

               The negotiable instruments in the form of promissory notes issued
               to evince the Loans, substantially in the form annexed hereto and
               made a part hereof as exhibit 1(a)(19).

         (20)  Obligations:

               Yankees rights and Colmena's  duties under this Agreement and the
               ancillary  instruments  referred  to herein,  including,  without
               limitation,  the  Note(s)  to be  executed  from  time to time by
               Colmena  in favor of  Yankees,  as  described  in this  Agreement
               executed  concurrently  herewith  and  incorporated  by reference
               herein,  together with all other  indebtedness  of Colmena or its
               affiliates to Yankees, direct or indirect,  primary or secondary,
               fixed  or  contingent,  or  otherwise  due or to  become  due now
               existing or hereafter acquired.

         (21)  OTC Bulletin Board:

               The over the counter electronic securities market operated by the
               NASD.

                                      -19-

<PAGE>

         (22)  Secured Obligations:

               All  indebtedness  and other  obligations  of  Colmena to Yankees
               under or arising out of this  Agreement,  including any currently
               outstanding  or  future  loans,  or any  extensions  or  renewals
               thereof.

         (23)  Securities Act:

               The Securities Act of 1933, as amended.

         (24)  Subsequent Current Reports:

               Colmena's   reports  on  Commission  Form  8-K  filed  after  the
               Subsequent  Quarterly  Reports  but  prior  to the  date  of this
               Agreement.

         (25)  Subsequent Quarterly Reports:

               Colmena's  reports on  Commission  Form 10-QSB for the  quarterly
               periods   following   Colmena's   last  10-KSB   filed  with  the
               Commission.

         (26)  Substantial Compliance:

               Compliance  which the Party for whose benefit or at whose request
               an act is performed,  or for whose benefit or at whose request an
               act  is  refrained  from,   could  under  the   circumstances  be
               reasonably expected to accept as full compliance.

         (27)  Tax:

               For the  purposes of this  Agreement,  a "Tax" or,  collectively,
               "Taxes,"  means any and all  federal,  state,  local and  foreign
               taxes,   assessments  and  other  governmental  charges,  duties,
               impositions  and  liabilities,  including  taxes  based  upon  or
               measured  by gross  receipts,  income,  profits,  sales,  use and
               occupation,  and value added,  ad valorem,  transfer,  franchise,
               withholding,  payroll, recapture, employment, excise and property
               taxes,  together  with  all  interest,  penalties  and  additions
               imposed with respect to such  amounts and any  obligations  under
               any agreements or arrangements with any other person with respect
               to such amounts.

    (b)  Interpretation

         (1)   When a  reference  is made  in this  Agreement  to  schedules  or
               exhibits, such reference will be to a schedule or exhibit to this
               Agreement unless otherwise indicated.

         (2)   The words "include,"  "includes" and "including" when used herein
               will be deemed in each case to be followed by the words  "without
               limitation."

         (3)   The captions in this Agreement are for  convenience and reference
               only and in no way define, describe, extend or limit the scope of
               this Agreement or the intent of any provisions hereof.

         (4)   All pronouns and any  variations  thereof will be deemed to refer
               to the masculine,  feminine,  neuter,  singular or plural, as the
               identity   of  the   Party  or   Parties,   or   their   personal
               representatives, successors and assigns may require.

         (5)   The  Parties  agree  that they have been  represented  by counsel
               during the  negotiation  and  execution  of this  Agreement  and,
               therefore, waive the application of any law, regulation,  holding
               or  rule  of  construction   providing  that  ambiguities  in  an
               agreement or other  document will be construed  against the party
               drafting such agreement or document.

                                      -20-
<PAGE>

2.   LOANS.

     Subject to the terms of this Agreement,  Yankees agrees to lend Colmena, on
     the terms  hereof,  the sum of no more than  $150,000 on a revolving  basis
     (the "Loan(s)"), as follows:

    (a)   The  obligations of Yankees to loan funds to Colmena shall commence on
          the date hereof and shall terminate as provided in Section 3, at which
          time all  outstanding  loans  hereunder must be repaid,  together with
          accrued interest.

    (b)   Loans hereunder will be made in $10,000 increments, and each loan will
          be  represented  by its own  separate  negotiable  Note  and  security
          agreement.

    (c)   Each Note shall be:

         (1)   For a term of one year;  shall bear  interest  at the  annualized
               rate of 2% over the prime rate charged  during the subject period
               by Citibank,  N.A. (New York City) to its most favored  corporate
               borrowers for unsecured  obligations having a term of one year or
               less; and shall be payable upon demand after the one year term;

         (2)   Secured  by a  security  interest  in  all of  Colmena's  assets,
               including after acquired assets,  subject only to the prior liens
               reflected  in exhibit  2.1(c)(2)  annexed  hereto and made a part
               hereof  and to the  sale of  assets  in the  ordinary  course  of
               business,   provided   that  the   proceeds  of  such  sales  are
               re-invested  in  inventory or used to pay  operating  expenses of
               Colmena,  it being the intent of the Parties  that no proceeds be
               used for  payment of  dividends  or unusual  compensation  to the
               principals of Colmena.

    (d)   Colmena shall be directly  responsible for payment of all taxes,  fees
          and  recording  costs  associated  with  the  Loans,  the  hereinafter
          described Notes, required stock transfers,  UCC-1 financing statement,
          security agreements and collateral assignments.

    (e)   This  Agreement  is  being  executed  simultaneously  with a  Security
          Agreement,  a UCC-1  financing  statement  , and a Note the  terms and
          conditions of which are all incorporated by reference herein.

3.   TERM.

    (a)   This Agreement  shall commence on the date hereof and shall  terminate
          on the  730th  day  after  its  execution,  provided  that it shall be
          automatically renewed thereafter on a continuing one year basis unless
          the Party desiring not to renew provides the other with written notice
          of  intent  not to  renew  at  least  60 days  prior to the end of the
          then-current term or renewal term.

    (b)   Notwithstanding  the  foregoing,  this agreement will terminate on the
          occurrence of the following events:

         (1)   The date of the full and  complete  discharge  by  Colmena of all
               obligations to Yankees under this agreement;

         (2)   The  completion of a public  offering of  securities  yielding at
               least  $2,000,000  in net  proceeds  by Colmena or any  corporate
               entity with which  Colmena  becomes  subject to a  reorganization
               under Section 168 of the Code;

         (3)   Upon the occurrence of a Default by Colmena provided that Yankees
               elects to terminate this agreement by reason of such default.

                                      -21-
<PAGE>

4.   RIGHT OF FIRST REFUSAL

    (a)   Throughout  the  term of this  Agreement  and  any  renewals  thereof,
          Yankees  shall have a right of first  refusal  to provide  any debt or
          debt-equity  hybrid financing required by Colmena and its subsidiaries
          (the "Right of First Refusal").

    (b)   In the  event  that  Colmena  has a  definite  opportunity  to  obtain
          financing  from some  person or entity  other that  Yankees,  it shall
          reduce such offer to written form specifying each and every applicable
          term and  identifying  the person or entity  involved  (the "Notice of
          Offer") and shall provide the Notice of Offer to Yankees in the manner
          generally hereinafter provided for submission of notices.

    (c)   Within  ten  business  days  following  receipt  of a Notice of Offer,
          Yankees shall, by written  response to Colmena in the manner generally
          hereinafter provided for submission of notices either:

         (1)   Consent to the proposed funding;

         (2)   Request additional data, which Colmena shall immediately provide;
               or

         (3)   Agree to provide the funding on the terms contained in the Notice
               of Offer.

    (d)   In the event that Yankees  demands  additional  data, the ten business
          days response period shall not commence until Yankees is provided with
          the required data.

    (e)   If  Yankees  has  been  provided  with all  required  data but has not
          responded to the Notice of Offer within the ten business days response
          period,  it  shall be  presumed  that  Yankees  has  consented  to the
          funding; however, no consent to funding or presumed consent to funding
          shall  result in the  waiver of  Yankees'  Right of First  Refusal  to
          provide any future funding.

    (f)   In the  event  that the  terms  of the  proposed  funding  vary in any
          material manner from the terms described in the Notice of Offer,  then
          any consent or presumed  consent shall be deemed void and Colmena will
          be required to notify  Yankees of such change and  resubmit  Notice of
          Offer to Yankees,  on the revised  basis,  and subject to the terms in
          this Section.

5.   CONDITIONS PRECEDENT.

     The  obligation  of  Yankees  to make the  Loan  shall  be  subject  to the
     following conditions:

    (a)   There shall have occurred no material  adverse  change in the business
          or the  financial  condition  of Colmena  since the date of the latest
          financial information filed by Colmena with the Commission,  copies of
          which shall be contemporaneously furnished by Colmena to Yankees;

    (b)   All acts,  conditions  and  things  (including  the  obtaining  of any
          necessary regulatory approvals and the making of any required filings,
          recordings or  registrations)  required to be done or performed and to
          have happened precedent to the execution,  delivery and performance of
          this  Agreement  and  the  related  security  agreements,   collateral
          assignments  and  Notes  shall  have been  done and  performed  to the
          satisfaction of Yankees and its legal counsel;

    (c)   All corporate and legal  proceedings and all documents and instruments
          in connection with the authorization of this Agreement and the related
          security agreements,  collateral assignments and Notes and all related
          instruments  and  ancillary  documentation  thereto  shall  have  been
          delivered  to Yankees and its legal  counsel,  and Yankees  shall have
          received all information and copies of all other related documents and
          instruments, including records of corporate proceedings, which Yankees
          and  its  legal  counsel  may  reasonably have requested in connection

                                      -22-
<PAGE>

          therewith,  such documents and instruments,  where appropriate,  to be
          certified by proper corporate or governmental authorities;

    (d)   Yankees  shall  have  received  the duly  executed  originals  of this
          Agreement and the related security agreements,  collateral assignments
          and Notes and all related ancillary  documentation  thereto and copies
          or  originals  of all  other  documents,  agreements  and  instruments
          relating  to any  aspect  of  the  transactions  contemplated  hereby,
          including evidence of insurance coverage required by Yankees; and

    (e)   Yankees shall have  received,  in form and substance  satisfactory  to
          Yankees and its legal counsel, such legal opinions,  consents,  and/or
          additional  documents  relating to any of the  foregoing  which it may
          reasonably require.

6.   MANDATORY PREPAYMENT IN THE EVENT OF LOSS;  LOAN REPAYMENT.

    (a)   Colmena  shall  keep all of the  Collateral  (as that term is  defined
          herein and from time to time in documents entered into by the Parties)
          fully insured under all risk insurance policies acceptable in form and
          substance to Yankees,  such  insurance to be in an amount  adequate to
          fully replace all the Collateral in the event of its damage or loss.

    (b)   In the event that the  Collateral  shall be lost,  stolen,  destroyed,
          damaged beyond repair or rendered permanently unfit for normal use, or
          in  the  event  of  any  condemnation,   confiscation,   seizure,   or
          requisition  of title to or use of the  Collateral,  Colmena agrees to
          make  available  any insurance  proceeds for the exclusive  purpose of
          replacing the Collateral.

    (c)   If,  however,  Colmena  elects not to repair or replace the Collateral
          within 30 days of Colmena's  receipt of the  insurance  proceeds,  all
          insurance proceeds shall be applied to a then-mandatory  prepayment of
          the Secured Obligations by paying in full an amount determined by:

         (1)   Obtaining a fraction,  the  numerator  of which will be the total
               number of payments  remaining  due on the Note unpaid  after such
               prepayment  is made  (including  the payment,  if any, due on the
               date on which prepayment is made) multiplied by the actual dollar
               amount of each payment due and the  denominator of which shall be
               the total number of payments  required to be paid under the Note,
               multiplied  by the actual dollar amount of each payment due under
               the Note;

         (2)   Multiplying the resultant fraction by 10%;

         (3)   Multiplying the resulting  percentage by the outstanding  balance
               due on the Note on the date of such prepayment;

         (4)   Adding the  resulting  dollar amount to the  outstanding  balance
               then due on the Note  (such  aggregate  sum being  the  mandatory
               prepayment required to be paid hereunder).

    (d)   Notwithstanding  the foregoing,  Yankees shall be named as the primary
          beneficiary  on  all  insurance  policies  carried  by  Colmena  which
          directly, indirectly or incidentally cover the Collateral.

7.   PLACE OF PAYMENTS.

     Payment  of  principal,  interest  and other sums due or to become due with
     respect to the Loan and all the Secured  Obligations  are to be made at the
     principal  executive  offices of  Yankees,  or such other  place as Yankees
     shall designate to Colmena in writing, in lawful money of the United States
     of America in immediately available funds.

                                      -23-
<PAGE>

8.   LATE PAYMENTS & OTHER CHARGES.

    (a)   If any  installment  or other amount due with respect to the repayment
          of the Loan or any portion of the Secured Obligations is not paid when
          the same shall be due,  Colmena  will pay interest on any such overdue
          amount at the highest rate permitted by law until the date such amount
          is paid.

    (b)   Colmena  shall  pay or cause  to be paid,  in  addition  to all  other
          amounts payable hereunder:

         (1)   Premiums for insurance required to be obtained in connection with
               the Loan and the Collateral;

         (2)   Fees paid for filing  documents in public  offices in  connection
               with the Loan and the transactions contemplated hereby; and

         (3)   Actual expenditures,  including  reasonable  attorney's fees, for
               proceedings  to collect  the Secured  Obligations  or to enforce,
               preserve  and  protect  the  Collateral  (as such term is defined
               herein) and the rights and interest of Yankees therein.

9.   ASSIGNMENT, GRANT OF SECURITY INTEREST & LIMITED SUBORDINATION.

    (a)   As  collateral  security  for the payment of the Secured  Obligations,
          Colmena, for the benefit and enforcement of its payment of the Secured
          Obligations,  hereby sells,  assigns,  and  transfers to Yankees,  its
          successors  and assigns,  and grants to Yankees,  a  continuing  first
          priority  security  interest  in and to all of its  present and future
          right,  title and  interest in and to all of its  securities  in other
          corporations (including subsidiaries),  assets,  receivables,  chattel
          paper  and all cash  and  non-cash  proceeds  (including  proceeds  of
          insurance),  subject  only to the prior  liens  reflected  in  exhibit
          2.1(c)(2).

    (b)  (1)   Subject to cancellation  for any future  financing upon provision
               of written  notice to such effect by Yankees,  Yankees hereby and
               herewith  subordinates  the obligation to receive  payments under
               the Notes to any  institutional  lender  where such  financing is
               required by Colmena for the  development  of corporate  property,
               provided  such  property is increased in value by an amount equal
               to or greater than the amount of the  subordinated  loan and that
               Yankees' legal counsel has ratified all documents and instruments
               pertaining to such  financing,  including  associated  mortgages,
               collateral assignments and security instruments.

         (2)   Notwithstanding  the security interests held by Yankees,  Colmena
               shall  be  permitted  to make  purchases  and  sales,  and to pay
               operating  expenses,  as  incurred  in  the  ordinary  course  of
               business,  provided,  however,  that  until  all  obligations  to
               Yankees have been completely discharged by full payment,  Colmena
               shall  make  no  distributions  to  stockholders,  or  repay  any
               obligations to stockholders except normal and reasonable salaries
               for  services in fact  rendered  to Colmena (it being  understood
               that the  term  "stockholders"  applies  to the  stockholders  of
               Colmena and to the  stockholders of any corporate entity that may
               subsequently acquire Colmena).

    (c)    Notwithstanding the foregoing:

          (1)  Yankees'  agreement to subordinate  its rights under its Loans to
               Colmena  shall not apply to the first lien on any property  other
               than that directly benefitted by such acquisition and development
               financing  and, in no event,  shall Yankees' first lien on all of
               the  authorized  capital  stock  of  Colmena's   subsidiaries  be
               subordinated  to any other  entity,  whether  private,  public or
               governmental.

          (2)  No  subordination  permitted  pursuant to this  Section  shall be
               effective  until  Yankees  has been  provided  with copies of all
               documentation   pertaining   to  the   subject   acquisition   or
               development financing and Yankees'legal counsel has agreed to the

                                      -24-
<PAGE>

               form  and  substance   thereof,   which   agreement  may  not  be
               unreasonably withheld.

10.  RIGHTS AND POWERS WITH RESPECT TO THE COLLATERAL.

     Colmena hereby authorizes  Yankees to do every act and thing in the name of
     Colmena or Yankees or otherwise which Yankees may deem advisable to enforce
     effectively its rights and interest in and to the  Collateral,  and Colmena
     hereby  irrevocably  appoints Yankees,  with full power of substitution and
     delegation,  as its true and lawful  attorney-in-  fact, with full right to
     demand, enforce,  collect, receive, receipt and give releases for any funds
     due or to become due under or arising out of or with respect to, any of the
     Collateral  and to  endorse  all  deeds,  notes,  receipts,  checks,  stock
     certificates  and  other  instruments,  and to do and take  all such  other
     actions relating to any of the Collateral,  to file any claims or institute
     any  proceedings  with respect to any of the foregoing  which Yankees deems
     necessary or advisable and to compromise any such demand, claim or action.

11.  ASSIGNMENTS, ENCUMBRANCES, TRANSFERS.

    (a)   Colmena  will not,  without the prior  consent of  Yankees,  assign or
          transfer  any of its rights or delegate  any of its  obligations  with
          respect to this  Agreement  or sell,  dispose or  otherwise  grant any
          interest in or to any of the Collateral,  incur or suffer to exist any
          lien, charge, mortgage,  security interest or encumbrances upon any of
          the Collateral, except the lien of Yankees created by this Agreement.

    (b)   In the event of any  conveyance,  foreclosure or other  disposition of
          the Collateral  without Yankees's  consent,  then the entire principal
          balance,  together with all accrued  interest shall be immediately due
          and payable.

12.  ACKNOWLEDGMENTS, REPRESENTATIONS AND WARRANTIES.

     Colmena acknowledges, represents and warrants that:

    (a)   As of the date of this Agreement,  Colmena is not insolvent within the
          meaning of applicable  state and federal laws dealing with debtors and
          creditors, including the Federal Bankruptcy Code;

    (b)   Colmena is a Delaware  corporation duly organized and validly existing
          in good standing under the laws of the State of Delaware, is qualified
          to engage in business in all jurisdictions where such qualification is
          required,  and has  full  power  and  authority  to  enter  into  this
          Agreement and to consummate the transactions contemplated hereby ;

    (c)   This  Agreement  and  the  related  security  agreements,   collateral
          assignments and Notes provided for herein have been duly authorized by
          all necessary  corporate  action and constitute  the legal,  valid and
          binding  obligations of Colmena  enforceable in accordance  with their
          respective terms;

    (d)   The  making and  performance  by  Colmena  of this  Agreement  and the
          related security  agreements,  collateral  assignments,  Notes and any
          related documents and the transactions contemplated hereby and thereby
          do not  contravene  any provisions of law applicable to Colmena and do
          not conflict or are not  inconsistent  with, and will not result (with
          or without the giving of notice or both) in a breach of or  constitute
          a default or require any consent  under,  or result in the creation of
          any lien,  charge or encumbrance  upon the Collateral  pursuant to the
          terms  of  any  credit  agreement,   indenture,   mortgage,   purchase
          agreement, deed of trust, security agreement, lease guarantee or other
          instrument  to which  Colmena  is a party or by which  Colmena  or its
          assets may be bound or to which its properties may be subject;

    (e)   All sales, use, property or other taxes, licenses,  tolls,  inspection
          or other fees,  bonds,  permits or  certificates  which were or may be
          required to be paid or obtained in connection  with the acquisition or
          ownership  by Colmena of the  Collateral  will have been,  or when due
          will be, paid in full or obtained;

                                      -25-
<PAGE>

    (f)   Colmena has good,  valid and marketable  title to the Collateral  free
          and  clear  of  all  liens,   claims  and   encumbrances,   except  as
          specifically disclosed in exhibit 2.1(c)(2), if any;

    (g)   Concurrently  with or  prior to the  time  the  initial  Loan is made,
          Yankees  will have a  perfected  continuing  first  priority  security
          interest  in  and  to  all  the  Collateral,  except  as  specifically
          disclosed in exhibit 2.1(c)(2), if any; and

    (h)   Colmena has not entered into any understanding or agreement,  (oral or
          in writing) relating to the transactions  contemplated  herein, or any
          other transactions  contemplated or permitted by this Agreement,  with
          any person or entity which  understanding,  agreement or other writing
          would,  in  the  reasonable   determination  of  Yankees,  affect  the
          Collateral in any manner  whatsoever or any of the rights or interests
          of Yankees with respect thereto.

13.  DEFAULT;  REMEDIES.

    (a)   If a Default occurs under this  Agreement,  Yankees may accelerate the
          full  amount of the  then-outstanding  Secured  Obligations  (in which
          event such amount will become  immediately due and payable by Colmena)
          without presentment,  demand, protest or other notice of any kind, all
          of which are hereby expressly waived,  and, if not paid in full within
          10 business days  thereafter,  Yankees shall, at its election,  become
          vested with the  Collateral in fee simple  absolute,  without  further
          action or legal  recourse,  this Section  being deemed a full warranty
          bill of sale absolute with reference to the Collateral.

    (b)   In the event  that for any  reason  Yankees  is not in  possession  or
          control of any of the  Collateral,  or  disclaims  its right to assume
          ownership  thereof  because  of public  policies  or  otherwise,  then
          Yankees may pursue all of the rights and remedies  with respect to the
          Collateral  accruing to Yankees  hereunder or by operation of law as a
          secured creditor under the Uniform Commercial Code or other applicable
          law and all such  available  rights and  remedies,  to the full extent
          permitted by the law, shall be cumulative and not exclusive.

14.  APPLICATION OF PROCEEDS.

     In the event that Yankees is unable or unwilling to take  possession of all
     the Collateral in the event of a Default,  then,  upon  enforcement of this
     Agreement,  all funds received upon the  foreclosure and liquidation of the
     Collateral shall be applied by Yankees in the following order:

    (a)   To the payment of all costs, expenses, liabilities and compensation of
          Yankees  (including fees and expenses of its agents and legal counsel)
          incurred  or  accrued  in  connection  with any  action or  proceeding
          brought by  Yankees or in  connection  with the  maintenance,  sale or
          other disposition of the Collateral or any portion thereof;

    (b)  To the payments of all interest then due and payable on the Loans;

    (c)  To the payments of all principal then due and payable on the Loans;

    (d)  To the payment of all other obligations to Yankees;

    (e)  To the payment of all other Secured Obligations;

    (f)  To  the  payment  of any  surplus  then  remaining  to Colmena or other
         persons legally entitled thereto.

15.  RECEIPT OF FUNDS BY COLMENA.

     Notwithstanding  the  granting  to  Yankees  of a first  priority  security
     interest  in and to the  Collateral,  if,  at any time  while  the  Secured
     Obligations   remain   unsatisfied,   Colmena   shall  receive  any  amount
     representing funds due, or  proceeds of, any  of  the Collateral, such sums

                                      -26-
<PAGE>

     shall be held by Colmena in trust for Yankees and shall be immediately paid
     by Colmena to Yankees in the form so received,  together with any necessary
     endorsement thereon.

16.  FURTHER ASSURANCES.

     Colmena  agrees to execute and deliver to Yankees,  or cause to be executed
     and delivered to Yankees,  such further instruments and documents as may be
     reasonably  requested  by  Yankees  to  carry  out  fully  the  intent  and
     accomplish the purposes of this Agreement, and the transactions referred to
     herein and therein, and to protect and maintain the first priority security
     interest of Yankees in and to the Collateral or the immediate conveyance of
     the Collateral to Yankees in the event of a default hereunder.

17.  FINANCIALS.

     Colmena hereby represents,  warrants, and covenants to Yankees that it will
     cause to be  delivered  to Yankees (a) as soon as  practicable,  but in any
     event  within 90 days  after the end of each  fiscal  year,  statements  of
     earnings and retained  earnings and changes in its  financial  position for
     such year,  and its balance  sheet at the end to such fiscal year,  setting
     forth in each case in  comparative  form the  corresponding  figures of the
     previous  annual  audit,  all in  reasonable  detail and  certified by, and
     accompanied  by a  report  or  opinion  of,  independent  certified  public
     accountants of recognized standing acceptable to Yankees, and (b) within 45
     days after the end of each fiscal  quarter,  its statements of earnings and
     retained  earnings  and  changes  in  financial  position  for such  fiscal
     quarter,  and its balance sheet at the end of such fiscal quarter,  setting
     forth in each case in  comparative  form the  corresponding  figures of the
     previous  quarterly  audit,  all  in  reasonable  detail  and  prepared  in
     accordance  with generally  accepted  accounting  principles,  consistently
     applied, and certified by Colmena's Chief Financial Officer.

18.  DISPUTE RESOLUTION.

    (a)   In any action  between the Parties to enforce any of the terms of this
          Agreement  or any  other  matter  arising  from  this  Agreement,  any
          proceedings  pertaining  directly  or  indirectly  to  the  rights  or
          obligations  of the  Parties  hereunder  will,  to the extent  legally
          permitted,  be held in Broward  County,  Florida,  and the  prevailing
          Party will be entitled to recover  its costs and  expenses,  including
          reasonable  attorneys'  fees  up to and  including  all  negotiations,
          trials  and  appeals,  whether  or  not  any  formal  proceedings  are
          initiated.

    (b)   In the event of any  dispute  arising  under  this  Agreement,  or the
          negotiation  thereof or inducements  to enter into the Agreement,  the
          dispute will,  at the request of any Party,  be  exclusively  resolved
          through the following procedures:

         (1)  (A)   First,  the issue  will be  submitted  to  mediation  before
                    Mediation,  Inc.,  a  mediation  service in Broward  County,
                    Florida, or any other such service as designated by Yankees,
                    with  the   mediator   to  be  selected  by  lot  from  four
                    alternatives  to be  provided,  two by  Colmena  and  two by
                    Yankees.

              (B)   The mediation  efforts will be concluded within ten business
                    days after their initiation  unless the Parties  unanimously
                    agree to an extended mediation period;

         (2)   In the event that  mediation does not lead to a resolution of the
               dispute then at the request of any Party, the Parties will submit
               the dispute to binding  arbitration before an arbitration service
               located in Broward  County,  Florida,  with the  arbitrator to be
               selected by lot, from four  alternatives  to be provided,  two by
               Colmena and two by Yankees.

         (3)  (A)   Expenses of mediation  will be borne equally by the Parties,
                    if successful.

                                      -27-
<PAGE>

              (B)   Expenses of mediation,  if  unsuccessful  and of arbitration
                    will be  borne  by the  Party or  Parties  against  whom the
                    arbitration decision is rendered.

              (C)   If the  terms  of the  arbitral  award  do not  establish  a
                    prevailing   Party,   then  the  expenses  of   unsuccessful
                    mediation  and  arbitration  will be  borne  equally  by the
                    Parties involved.

    (c)  Jurisdiction.

         (1)   Colmena  irrevocably  consents to service of any  summons  and/or
               legal process by registered or certified  United States air mail,
               postage  prepaid,  to Colmena at the  address  set forth below in
               Section  19(b),  such method of service to  constitute,  in every
               respect,  sufficient and effective service of process in any such
               legal action or proceeding.

         (2)   Nothing in this  Agreement  shall  affect the right to service of
               process in any other  manner  permitted by law or limit the right
               of Yankees to bring  actions,  suits or proceedings in the courts
               of any other jurisdiction.

         (3)   Colmena further agrees that final judgment against it in any such
               legal action,  suit or proceeding  shall be conclusive and may be
               enforced in any other jurisdiction,  within or outside the United
               States  of  America,  by suit on the  judgment,  a  certified  or
               exemplified  copy of which  shall be  conclusive  evidence of the
               fact and the amount of Colmena's liability.

19.  MISCELLANEOUS.

    (a)  No Waiver; Cumulative Remedies.

         (1)   No  failure or delay on the part of  Yankees  in  exercising  any
               right,  power or privilege  hereunder  shall  operate as a waiver
               thereof,  nor shall any single or partial  exercise of any right,
               power or privilege  hereunder or thereunder preclude any other or
               further  exercise  thereof or the  exercise  of any other  right,
               power or privilege.

         (2)   No right or remedy in this  Agreement is intended to be exclusive
               but each shall be cumulative and in addition to any given Yankees
               at law or in equity;  and the  exercise  by Yankees of any one or
               more of such  remedies  shall not  preclude the  simultaneous  or
               later exercise by Yankees of any or all such other remedies.

         (3)   No  express  or  implied  waiver  by  Yankees  of any  future  or
               subsequent  Default  shall  separate  as a  waiver  of any  other
               provision of this agreement.

         (4)   To the extent  permitted by law, Colmena waives any rights now or
               hereafter conferred by statute or otherwise which limit or modify
               any of Yankees's rights or remedies under this Agreement.

    (b)   Notices.

         (1)   All  notices,  requests and demands to or upon any Party shall be
               deemed  to have been duly  given or made  when  deposited  in the
               United  States mail,  first class postage  prepaid,  addressed to
               such Party at such  address  as may be  hereafter  designated  in
               writing by such Party to the other Party hereto.

         (2)   Notices will initially be addressed as follows:

                                      -28-

<PAGE>

              (A)   To Colmena:

                                  Colmena Corp.
                            Crystal Corporate Center;
                    2500 North Military Trail, Suite 225-C;
                           Boca Raton, Florida 33431
                      Attention: Edward Dmytryk, President
                 Telephone (561) 998-2031, Fax (561) 998-4635; and,
                         e-mailedmytryk@earthlink.net.

              (B)   To Yankees:

                           The Yankee Companies, LLC.
                            Crystal Corporate Center;
                     2500 North Military Trail, Suite 225;
                           Boca Raton, Florida 33431
                   Attention: Leonard Miles Tucker, President
               Telephone (561) 998-2025, Fax (561) 998-3425; and,
                       e-mail lenny@yankeecompanies.com;

         (3)   At the  request of any Party,  notice  will also be  provided  by
               overnight delivery,  facsimile  transmission or e-mail,  provided
               that a transmission receipt is retained.

         (4)  (A)   The Parties  acknowledge  that Yankees serves as a strategic
                    consultant  to Colmena  and has acted as  scrivener  for the
                    Parties in this  transaction  but that  Yankees is neither a
                    law  firm  nor  an  agency   subject  to  any   professional
                    regulation or oversight.

              (B)   Because of the  inherent  conflict  of  interests  involved,
                    Yankees  has  advised  Colmena to retain  independent  legal
                    counsel  to  review  this  Agreement  and its  exhibits  and
                    incorporated materials on its behalf.

              (C)   The  decision by any Party not to use the  services of legal
                    counsel in conjunction  with this transaction will be solely
                    at its own risk,  each Party  acknowledging  that applicable
                    rules of the Florida Bar prevent  Yankees'  general counsel,
                    who has  reviewed,  approved  and  caused  modifications  on
                    behalf of  Yankees,  from  representing  anyone  other  than
                    Yankees in this transaction.

               (D)  This Agreement shall not be construed more strictly  against
                    Yankees nor will it be  interpreted  in any manner  based on
                    the fact that it was authored by Yankees.

    (c)   Payment of Expenses  and Taxes;  Performance  by Yankees of  Colmena's
          Obligations.

        (1)    Colmena agrees,  whether or not the transactions  contemplated by
               this Agreement shall be consummated, to pay

              (A)   All costs and  expenses  of Yankees in  connection  with the
                    negotiation,  preparation,  execution  and  delivery of this
                    Agreement, and the other documents relating hereto;

              (B)   All fees and taxes in connection  with the recording of this
                    Agreement  or any  other  document  or  instrument  required
                    hereby; and

              (C)   All costs and  expenses  of Yankees in  connection  with the
                    enforcement of this  Agreement  including all legal fees and
                    disbursements arising in connection therewith.

        (2)    Colmena agrees to pay, and to indemnify and hold Yankees harmless
               from any delay in paying all taxes, including without limitation,
               sales,  use,  stamp and personal  property  taxes (other than any
               corporate income, capital,  franchise or similar taxes payable by
               Yankees with respect to the payments made to Yankees hereunder or

                                      -29-

<PAGE>

               thereunder) and all license,  filing,  and registration  fees and
               assessments  and other  charges,  if any, which may be payable in
               connection  with the execution,  delivery and performance of this
               Agreement, or any modification thereof.

        (3)    If Colmena fails to perform or comply with any of its  agreements
               contained  herein and Yankees shall itself perform or comply,  or
               otherwise cause  performance or compliance,  with such agreement,
               the  expenses  of  Yankees   incurred  in  connection  with  such
               performance or compliance,  together with interest thereon at the
               rate  provided  for in the Notes  shall be  payable by Colmena to
               Yankees on demand and until such payment shall constitute part of
               the Secured Obligations secured hereby.

    (d)   Survival of Representations and Warranties.

          All  representations  and  warranties  made in this  Agreement and any
          documents  delivered  pursuant  hereto shall survive the execution and
          delivery of this Agreement and the making of the Loans hereunder.

    (e)   Amendments.

          Neither this Agreement,  nor any instruments  related thereto,  may be
          changed,  waived,  discharged  or  terminated  orally,  but only by an
          instrument in writing signed by the Party against whom  enforcement of
          a change, waiver, discharge or termination is sought.

    (f)  Counterparts & Facsimile Execution.

         (1)   This  Agreement  may be  executed by the Parties on any number of
               separate  counterparts,  each  of  which  when  so  executed  and
               delivered shall be an original,  but all such counterparts  shall
               together constitute but one and the same instrument.

         (2)   Execution  by original  signature  on a document  delivered  to a
               Party  through  facsimile   transmission  shall  be  deemed  full
               execution   for  all   purposes  by  the  Party   executing   and
               transmitting such document.

    (g)   Headings.

          The headings of the Sections and Paragraphs are for convenience  only,
          are not part of this  Agreement  and shall not be deemed to affect the
          meaning or construction of any of the provisions hereof.

    (h)   Successors or Assigns.

          This  Agreement  shall be  binding  upon and inure to the  benefit  of
          Colmena and  Yankees  and their  respective  successors  and  assigns,
          except  that  Colmena  may  not  assign  or  transfer  its  rights  or
          obligations hereunder or any interest herein without the prior written
          consent of Yankees.

    (i)   Governing Law

          This Agreement  shall be governed by, and construed and interpreted in
          accordance  with the laws of State of  Delaware,  other than its rules
          pertaining to conflicts of laws.

    (j)   Severability & Reconstruction.

         (1)   If  any  provision  or  any  portion  of any  provision  of  this
               Agreement,  or the  application  of such provision or any portion
               thereof to any person or  circumstance  shall be held  invalid or
               unenforceable,  the remaining  portions of such provision and the
               remaining provisions of this Agreement or the application of such
               provision  or portion  of such  provision  as is held  invalid or
               unenforceable  to  persons or circumstances  other than those  to

                                      -30-
<PAGE>

               which it is held invalid or unenforceable,  shall not be affected
               thereby.

         (2)   In  the  event  any  provision  in  this   Agreement  or  related
               instruments  is found to be  unenforceable,  the  Parties  hereby
               request that the Court interpreting such provision restructure it
               in the manner consistent with applicable law most closely meeting
               the intent of the Parties, as reflected hereby.

    (k)   Number and Gender.

          All pronouns and any  variations  thereof  shall be deemed to refer to
          the masculine,  feminine,  neuter, singular or plural, as the identity
          of the Party or Parties, or their personal representatives, successors
          and assigns, or the context may require.

(l)  License.

         (1)   This Agreement is the property of Yankees.

         (2)   The use hereof by the Parties is  authorized  solely for purposes
               of this transaction,  and the use of this form of agreement or of
               any derivation thereof without Yankees's prior written permission
               is prohibited.

     In Witness  Whereof,  the Parties have caused this Agreement to be executed
on their behalf by their duly authorized  representatives as of the day last set
forth below.

Signed, Sealed and Delivered
         In Our Presence

/s/ Pearl Audit /s/                                    Colmena Corp.
-------------------------------
/s/ Sally Ann Stroberg /s/
_______________________________           By:  /s/ Edward C. Dmytryk /s/
                                                   Edward C. Dmytryk, President
Dated:   January  2, 2002

                                         [Corporate Seal]

                                        Attest:/s/ Vanessa H. Lindsey
                                                   Vanessa H. Lindsey, Secretary

STATE OF FLORIDA }
COUNTY OF MARION } SS.:

     BEFORE ME, an officer duly authorized to administer  oaths,  did personally
appear on this 2nd day of  January,  2002,  Edward C.  Dmytryk  and  Vanessa  H.
Lindsey,  known to me who,  being duly  sworn,  did state that they are the duly
elected  and  serving  president  and  secretary  of Colmena  Corp.,  a Delaware
corporation  ("Colmena"),  and that pursuant to authority  duly delegated by its
board of directors,  they executed the foregoing Agreement on behalf of Colmena,
effective as of the date set forth therein. My commission expires: 06/07/04

         [NOTARIAL SEAL]                         /s/ Sally Ann Stroberg /s/
                                                 -------------------------------
                                                     Notary Public

                                      -31-
<PAGE>

/s/ Nancy Molinari /s/                        The Yankee Companies, LLC.
-------------------------------
/s/ Pearl Audit
_______________________________         By:  /s/ Leonard Miles Tucker /s/
                                                 Leonard Miles Tucker, President

Dated:   January 2, 2002            [Corporate Seal]
                                       Attest:/s/ Vanessa H. Lindsey
                                                  Vanessa H. Lindsey, Secretary
STATE OF FLORIDA           }
COUNTY OF PALM BEACH       } SS.:

     BEFORE ME, an officer duly authorized to administer  oaths,  did personally
appear on this 2nd day of January,  2002, Leonard Miles Tucker, known to me who,
being duly sworn, did state that he is the duly elected and serving president of
The Yankee Companies, LLC., a Florida limited liability company ("Yankees"), and
that pursuant to authority duly delegated by its board of directors, he executed
the foregoing Agreement on behalf of Yankees, effective as of the date set forth
therein. My commission expires: 04/26/04

         [NOTARIAL SEAL]                          /s/ Charles J. Scimeca /s/
                                                 -------------------------------
                                                       Notary Public

STATE OF FLORIDA           }
COUNTY OF MARION                    } SS.:

     BEFORE ME, an officer duly authorized to administer  oaths,  did personally
appear on this 2nd day of January,  2001,  Vanessa H. Lindsey,  known to me who,
being duly sworn,  did state that she is the duly elected and serving  secretary
of The Yankee Companies,  LLC., a Florida limited liability company ("Yankees"),
and that pursuant to authority  duly  delegated by its board of  directors,  she
executed the foregoing Agreement on behalf of Yankees,  effective as of the date
set forth therein. My commission expires: 06/07/04

         [NOTARIAL SEAL]                        /s/ Sally ann Stroberg
                                                -------------------------------
                                                    Notary Public

                                      -32-
<PAGE>

                               Security Agreement

     THIS SECURITY  AGREEMENT (the  "Agreement")  is entered into by and between
The Yankee Companies, LLC., a Florida limited liability company ("Yankees"), and
Colmena  Corp.,  a Delaware  corporation  ("Colmena";  Yankees and Colmena being
sometimes  hereinafter  collectively referred to as the "Parties" and each being
sometimes hereinafter generically referred to as a "Party").

                                   Witnesseth

     In consideration of the sum of TEN DOLLARS  ($10.00),  the premises herein,
and other good and valuable  consideration given by Yankees to Colmena,  and for
other value  received by Colmena;  the Parties,  intending to be legally  bound,
hereby agree as follows:

1.   DEFINITIONS:

     The definitions and rules of  interpretation  contained in Section 1 of the
     loan  agreement  executed by the Parties  concurrently  herewith (the "Loan
     Agreement") are hereby incorporated by reference.

2.   ASSIGNMENT OF COLLATERAL:

    (a)   As  security  for the  payment  of the  Obligations  and all Loans and
          advances  heretofore made, made concurrently with the execution of the
          Loan Agreement or made in the future by Yankees to Colmena and for all
          Colmena's liabilities to Yankees,  including any extensions,  renewals
          or changes in form of any thereof,  Colmena  hereby assigns to Yankees
          and grants to Yankees a security interest under the Uniform Commercial
          Code in the Collateral.

    (b)   The Collateral shall be deemed to have been  constructively  delivered
          by  Colmena  to  Yankees  immediately   following  execution  of  this
          Agreement and shall be deemed to remain in the  possession of Colmena,
          as trustee for Yankees,  for so long as any  obligations of Colmena to
          Yankees  remain  unfulfilled;  provided,  however,  that,  if  Colmena
          defaults in its  obligations to Yankees,  then at Yankees' sole option
          and without any required  further  action or legal process by Yankees,
          all of the Collateral shall become the sole and exclusive  property of
          Yankees,  this Section being deemed a full warranty bill of sale, deed
          and securities power for all of the Collateral.

3.   RESTRAINT:

     So long as any  Liability  to  Yankees  is  outstanding,  Colmena  will not
     without prior written consent of Yankees borrow from anyone on the security
     of, or pledge, or grant any security interest in, any Collateral, or permit
     any lien or encumbrance  to attach to any of the foregoing,  or any levy to
     be made  thereon,  or any  financing  statement  to be on file with respect
     thereto.

4.   OFFICE:

    (a)   Colmena  represents that its principal place of business is at Crystal
          Corporate Center;  2500 North Military Trail, Suite 225-C; Boca Raton,
          Florida 33431.

    (b)   Colmena will  immediately  advise Yankees in writing of the opening of
          any new place of  business or the  closing of its  existing  places of
          business,  and of any  changes in the  location of the place where any
          new  Collateral  not in the  possession  of  Yankees  is kept or where
          Colmena's records concerning the Collateral are kept.

                                      -33-

<PAGE>

5.   DOCUMENTS:

     Colmena will promptly:

    (a)   Join with Yankees in executing a financing  statement and pay the cost
          of filing the same in any public office deemed advisable by Yankees;

    (b)   Execute and deliver to Yankees upon demand such additional  assurances
          and instruments as may be required by Yankees to maintain the security
          of  Yankees  in  good  standing  and  effectuate  the  intent  of this
          Agreement,  including additional security agreements on a Loan by Loan
          basis; and

    (c)   In the event of Default  either of the terms hereof,  or as enumerated
          in the Loan Agreement or in the Notes,  execute all such documents and
          do all such acts necessary to have the Collateral transferred into the
          name of Yankees as Yankees shall request.

6.   INDEMNIFICATION:

     Colmena hereby  indemnifies and holds harmless  Yankees for all loss, cost,
     expense or damage resulting from Colmena's Default under this Agreement.

7.   INSURANCE:

    (a)   In accordance with Section 6 of the Loan Agreement, Colmena shall keep
          all  Collateral  insured under policies of all-risk  insurance  (which
          shall  include  fire,  extended  coverage and  vandalism)  placed with
          companies and agents  approved by Yankees and such insurance  shall be
          carried in amounts  which Yankees  deems  sufficient  for its complete
          protection, but in no event less than the greater of (i) the aggregate
          principal sum of the  Liabilities  or (ii) the  aggregate  replacement
          value of the Collateral.

    (b)  (1)   The premiums for all such insurance  shall be paid by Colmena not
               later than fifteen (15) days before the same are due.

         (2)   The  original  certificates  of such policy or policies  shall be
               delivered  to and held by  Yankees  and shall be made  payable to
               Yankees. In the event any sum of money becomes payable under such
               policy or policies,  Yankees shall have the option to receive and
               apply the same on  account  of the  indebtedness  hereby  secured
               against  payments  of  principal  in the  inverse  order of their
               maturity, or to permit Colmena to receive and use it, or any part
               thereof, for other purposes, without thereby waiving or impairing
               any equity, lien or right under and by virtue of this Agreement.

         (3)   The  placing of such  insurance  and the paying of the premium of
               such  insurance,  or any part  thereof,  by Yankees  shall not be
               deemed to waive or affect any right of Yankees hereunder.

    (c)  (1)   If  Yankees  acquires  title  to  the  Collateral,  any  unearned
               premiums on any hazard insurance covering the Collateral and held
               by Yankees are hereby assigned to and shall belong to Yankees.

         (2)   If at any time during the term of this  Agreement  any  insurance
               policies shall be canceled and returned premiums become available
               (excluding return of premium in whole on or before such time as a
               new fully paid insurance  policy is issued in accordance with the
               terms of this Agreement), these returned premiums shall belong to
               Yankees and, at the option of Yankees, may be credited by Yankees
               against the Liabilities secured hereunder.

    (d)   Any  rights of Yankees to any  insurance  proceeds  shall in no way be
          affected  or  impaired  by reason of the fact  that  Yankees  may have
          exercised  any remedy  available  to Yankees.  In the event any losses
          shall be  payable on  any insurance policies covering  the Collateral,

                                      -34-
<PAGE>

          Colmena and all  successors  in title and all persons now or hereafter
          holding  inferior  liens on such  damaged  and/or  destroyed  property
          hereby  appoint  Yankees  agent and  attorney-in-fact  to endorse such
          proceeds,  checks(s)  or drafts(s)  for the purpose,  at the option of
          Yankees, of applying them against the Liabilities.

8.   COVENANTS:

     Colmena covenants and agrees that it shall:

    (a)   (1)  Receive as the sole  property  of Yankees and hold as trustee for
               Yankees all funds,  checks,  notes,  drafts,  and other  property
               ("Items of Payment")  representing the proceeds of any Collateral
               in which  Yankees  has a security  interest,  which come into the
               possession of Colmena;

          (2)  Deposit all such items of payment  immediately  in the exact form
               received in a special account of Colmena in a federally  insured,
               state or federal savings and loan  association or commercial bank
               ("Bank") entitled "Cash Collateral Account"; and

         (3)   Execute such documents and do such acts as Yankees may require to
               insure that Yankees shall have a perfected  security  interest in
               such Cash Collateral Account to additionally secure all Colmena's
               Liabilities; provided, however, that Colmena shall have the right
               to use  all  or a  portion  of the  Cash  Collateral  Account  to
               purchase new  Collateral  of like kind and quality free and clear
               of all liens;

    (b)   Furnish a  landlord's  waiver  of lien  where  Colmena  is a tenant in
          possession of leased  premises,  in form acceptable to Yankees wherein
          landlord  waives its lien for rent and all claims and demands of every
          kind against Colmena's Collateral and authorizes Yankees to enter upon
          the  leased  premises  for the  purpose  of  enabling  Yankees to take
          possession  of  Colmena's  Collateral,  pursuant  to the terms of this
          Agreement;

    (c)  (1)   Make  all  payments  of  taxes,  including  but  not  limited  to
               assessments, levies, liabilities, obligations and encumbrances of
               every nature upon the Collateral before same become delinquent;

         (2)   Colmena shall deliver to Yankees receipts  evidencing the payment
               of said taxes, assessments, levies, liabilities, obligations, and
               encumbrances  immediately  on the payment  thereof as required in
               this Section.

         (3)   In default thereof,  Yankees may at any time pay the same without
               waiving or affecting  any rights  hereunder  and every payment so
               made shall bear  interest  from the date  thereof at the  highest
               rate permitted by law;

    (d)   Pay on demand  any cost,  charge  and  expense,  including  reasonable
          attorneys'  fees through all trial and appellate  levels,  incurred or
          paid at any time by Yankees  arising  out of the failure of Colmena to
          perform  timely and comply with and abide by any of the  stipulations,
          agreements,  conditions  and covenants of the Agreement and every such
          payment  after the same becomes due shall bear  interest  from date at
          the highest rate permitted by law;

    (e)   Keep  adequate  records  and  books  of  account  in  accordance  with
          generally  accepted  accounting  principles  with respect to Colmena's
          business and permit Yankees, its agents,  accountants and attorneys to
          visit and inspect the  Collateral and examine its records and books of
          account  and to  discuss  its  affairs,  finances  and  accounts  with
          Yankees, at such reasonable times during normal business hours, as may
          be requested by Yankees upon twenty-four (24) hours notice;

    (f)   Keep the Collateral in good repair and operating order.

                                      -35-
<PAGE>

9.   NO EXEMPTION:

     Colmena hereby  declares that the Collateral  forms no part of any property
     owned,  used or claimed by Colmena as  exempted  from forced sale under the
     laws of any state, and disclaims,  waives and renounces all and every claim
     to exemption under any homestead exemption.

10.  CONVEYANCE:

    (a)   The sale, lease, transfer or other conveyance of the Collateral or any
          part  thereof to another  party or parties  without the prior  written
          consent of Yankees shall,  at Yankees's  option,  constitute a Default
          under this Agreement.  No Collateral  shall be removed,  demolished or
          substantially altered, nor shall any Collateral be removed without the
          prior written consent of Yankees.

    (b)   In the event that Colmena is in possession  of any of the  Collateral,
          for  whatever  purpose or reason,  upon the failure of Colmena to keep
          such  Collateral  in good  condition  or  repair,  Yankees  may at its
          option, make such repairs, and any such sums expended by Yankees shall
          be  immediately  due and payable and shall bear interest from the date
          thereof at the highest rate permitted by law.

11.  ENCUMBRANCES:

     The  encumbrance  of the  Collateral  in  any  manner,  including,  without
     limitation,  the  obtaining by Colmena or its  successors or assigns of any
     additional  financing  secured by any part of the  Collateral,  without the
     prior written  consent of Yankees (which consent shall be either granted or
     withheld in Yankees's sole and unfettered  discretion)  shall  constitute a
     Default under this Agreement.

12.  LAWFUL PURPOSE:

     To the extent that it is in  possession of any of the  Collateral,  Colmena
     shall not use the  Collateral or allow the same to be used for any unlawful
     purpose  or in  violation  of  any  law,  ordinance  or  regulation  now or
     hereafter covering or affecting the use thereof.

13.  DEFAULT:

     The default  provisions of the Loan  Agreement,  the Notes and of the other
     agreements pertaining to this transaction executed concurrently herewith or
     hereafter  pursuant to the terms of the Loan  Agreement are hereby,  herein
     incorporated by reference.

14.  OTHER ACTIONS:

    (a)   In the event Colmena fails to pay any charges or obligations  required
          to be paid or perform  any acts  required to be  performed  by Colmena
          hereunder  within the time set forth for such payment or  performance,
          Yankees  shall  have the right to pay such  charge or  obligation  and
          perform such act without waiving or affecting the option of Yankees to
          consider this Agreement in Default.

    (b)   All funds advanced by Yankees pursuant to this Section shall be deemed
          additional  funds owed by Colmena to  Yankees,  shall be payable  with
          interest  from  the  date  of  advance  thereof  at the  highest  rate
          permitted by law, upon demand of Yankees  thereof and shall be secured
          by the lien of this Agreement.

    (c)   If any action or proceeding  shall be commenced by any person to which
          action or  proceeding  Yankees  is made a party,  or in which it shall
          become  necessary to defend or uphold the lien of this Agreement,  all
          sums  paid  by  Yankees  for  the  expenses  of  any  such  litigation
          (including reasonable attorney's fees through all trial and  appellate

                                      -36-
<PAGE>

          levels)  shall be paid by Colmena to Yankees  together  with  interest
          thereon at the highest rate permitted by law.

15.  COSTS:

     Colmena  shall  pay  to  Yankees  all  lawful  charges  and  disbursements,
     including attorneys' fees through all negotiations,  administrative,  trial
     and appellate  levels incurred by Yankees in connection with the protecting
     or  enforcing  the rights of Yankees  hereunder  and all such sums shall be
     secured by the lien of this Agreement.

16.  WAIVER:

    (a)   Colmena  waives notice of  non-payment  and protest of all  commercial
          paper,  including the liabilities at any time held by Yankees on which
          Colmena is in any way liable.

    (b)  (1)   No waiver by Yankees of any Default  shall operate as a waiver of
               any other Default or of the same Default on a future occasion.

         (2)   No delay or  omission  on the part of Yankees in  exercising  any
               right or remedy shall operate as a waiver thereof,  and no single
               or  partial  exercise  by  Yankees  of any right or remedy  shall
               preclude any other or further exercise thereof or the exercise of
               any other right or remedy.

         (3)   Time is of the essence of this Agreement.

         (4)   The  provisions of this  Agreement are cumulative and in addition
               to the  provisions  of any remedy under any Note or other writing
               evidencing any liability secured hereby.

    (c)   Colmena  releases Yankees from all claims for loss or damage caused by
          any failure to protect the Collateral or by any act or omission on the
          part of Yankees,  its officers,  agents and employees,  except willful
          misconduct.

17.  MISCELLANEOUS:

     The    provisions    of   Sections   18    ('Dispute    Resolution")    and
     19("Miscellaneous")  of the  Loan  Agreement  are  hereby  incorporated  by
     reference.

                                      -37-
<PAGE>

     In Witness  Whereof,  the Parties have caused this Agreement to be executed
on their behalf by their duly authorized  representatives as of the day last set
forth below.

Signed, Sealed and Delivered
         In Our Presence

/s/ Pearl Audit /s/                                Colmena Corp.
-------------------------------
/s/ Sally Ann Stroberg
_______________________________          By:  /s/ Edward C. Dmytryk
                                                  Edward C. Dmytryk, President
Dated:   January 2, 2002    Corporate Seal]

                                       Attest:/s/ Vanessa H. Lindsey
                                                  Vanessa H. Lindsey, Secretary

STATE OF FLORIDA  }
COUNTY OF MARION  } SS.:

     BEFORE ME, an officer duly authorized to administer  oaths,  did personally
appear on this 2nd day of  January,  2002,  Edward C.  Dmytryk  and  Vanessa  H.
Lindsey,  known to me who,  being duly  sworn,  did state that they are the duly
elected  and  serving  president  and  secretary  of Colmena  Corp.,  a Delaware
corporation  ("Colmena"),  and that pursuant to authority  duly delegated by its
board of directors,  they executed the foregoing Agreement on behalf of Yankees,
effective as of the date set forth therein. My commission expires: 06/07/04

         [NOTARIAL SEAL]                      /s/ Sally Ann Stroberg /s/
                                              -------------------------------
                                                  Notary Public

/s/ Nancy Molinari /s/                             The Yankee Companies, LLC.
-------------------------------
/s/ Sally Ann Stroberg
_______________________________          By:/s/ Leonard Miles Tucker /s/
                                                Leonard Miles Tucker, President
Dated:   January 2, 2002
                                    Attest: /s/ Vanessa H. Lindsey /s/
                                                Vanessa H. Lindsey, Secretary
[Corporate Seal]

STATE OF FLORIDA           }
COUNTY OF PALM BEACH       } SS.:

     BEFORE ME, an officer duly authorized to administer  oaths,  did personally
appear on this 2nd day of January,  2002, Leonard Miles Tucker, known to me who,
being duly sworn, did state that he is the duly elected and serving president of
The Yankee Companies, LLC., a Florida limited liability company ("Yankees"), and
that pursuant to authority duly delegated by its board of directors, he executed
the foregoing Agreement on behalf of Yankees, effective as of the date set forth
therein. My commission expires: 04/26/04

         [NOTARIAL SEAL]                         /s/ Charles J. Scimeca
                                                 -------------------------------
                                                     Notary Public

                                      -38-
<PAGE>

STATE OF FLORIDA  }
COUNTY OF MARION  } SS.:

     BEFORE ME, an officer duly authorized to administer  oaths,  did personally
appear on this 2nd day of January,  2002,  Vanessa H. Lindsey,  known to me who,
being duly sworn,  did state that she is the duly elected and serving  secretary
of The Yankee Companies,  LLC., a Florida limited liability company ("Yankees"),
and that pursuant to authority  duly  delegated by its board of  directors,  she
executed the foregoing Agreement on behalf of Yankees,  effective as of the date
set forth therein. My commission expires: 06/07/04

         [NOTARIAL SEAL]                        Sally Ann Stroberg
                                                -------------------------------
                                                Notary Public

                                      -39-
<PAGE>

Full Recourse Secured Promissory Note

$24,000                                                         January 31, 2002

     FOR VALUE  RECEIVED,  Colmena Corp.,  a publicly held Delaware  corporation
with a class of  securities  registered  under Section 12(g) of the Exchange Act
and with offices at Crystal Corporate Center;  2500 North Military Trail,  Suite
225-C; Boca Raton, Florida 33431 ("Colmena"),  hereby agrees to pay to the order
of The Yankee Companies, LLC., a Florida limited liability company, with offices
at The Crystal  Corporate  Center;  2500 North Military  Trail,  Suite 225; Boca
Raton,  Florida  33431  ("Yankees"),  the  principal  sum of  $24,000,  yielding
interest  commencing to run from the date hereof at a compound annual rate of 2%
over the prime rate charged  during the subject  period by Citibank  Bank,  N.A.
(New York City) or its  successor  in  interest  to its most  favored  corporate
borrowers  for unsecured  obligations  having a term of one year or less, on the
following terms:

                                     Terms:

1.   INCORPORATED TERMS

(a)  The terms and provisions of the loan agreement entered into between Colmena
     and Yankees on September  24,  2001, a copy of which is annexed  hereto and
     made a  part  hereof  as  exhibit  1 (the  "Loan  Agreement"),  are  hereby
     incorporated by reference as if here fully set forth.

(b)  Any  provisions  in this Note  dealing  with a subject or object also dealt
     with in the Loan Agreement shall, to the extent of any inconsistencies,  be
     deemed to provide Yankees with additional  rights and options which will be
     exercisable in Yankees' sole discretion.

2.   PAYMENTS & COLLATERAL

(a)  This Note  shall be for a term of 1 year and shall  thereafter  be  payable
     upon written demand by Yankees.

(b)  Upon  demand,  payment  shall be made at the  offices of Yankees or at such
     other address as Yankees shall designate for such purpose.

(c)  This Promissory Note is secured by all of the Assets of Colmena.

3.   ACCELERATION

     In the event that any payment due hereunder is not made when due, or on the
     occurrence  of any one or more of the  events of Default  specified  in the
     Loan Agreement,  the entire unpaid principal,  all accrued interest and any
     related  reimbursements for costs and expenses shall immediately become due
     and payable, without notice or demand, at the option of the holder hereof.

4.   PREPAYMENTS

     Colmena may prepay this Note, in whole or in part, without penalty,  at any
     time, provided however, that any partial payments shall first be applied to
     related  reimbursable  costs and  expenses,  then to interest,  and then to
     principal.

5.   ASSUMPTION

    (a)   This Note may be assigned  at will by Yankees  but shall be  assumable
          only with the express, prior written consent of Yankees.

                                      -40-
<PAGE>

    (b)   In the event of any  permitted  assumption,  all prior  obligors  will
          remain liable to Yankees as  guarantors  of the  permitted  assignee's
          performance   but  Yankees  shall  have  the  right  to  enforce  such
          guarantees   directly  against  them  without  first  having  to  seek
          performance, payment or relief from the permitted assignee.

6.   DEMANDS & NOTICES

    (a)   Any demand or notice  made or given by Yankees  pursuant  hereto or in
          connection  herewith,  shall be made on or given  to  Colmena  and its
          successors in interest by registered mail,  return receipt  requested,
          postage prepaid,  directed to Colmena's address provided above or such
          updated  address as Yankees  shall have in its  records,  in each case
          with copies to Kevin W. Dornan,  Esquire;  General Counsel, The Yankee
          Companies,  LLC., 1941 Southeast 51st Terrace;  Ocala,  Florida 34471,
          attorney for Yankees,  and to any legal counsel designated by Colmena;
          but making or giving,  or  attempting  to make or give,  any demand or
          notice shall not waive any right granted hereunder or otherwise to act
          without demand or notice.

    (b)   Notice shall be effective  when  delivered by Yankees to United States
          Postal  Service  personnel,  whether  or not such  personnel  actually
          succeed  in  effecting  delivery  to  Colmena  or  its  successors  in
          interest.

7.   EXPENSES

     Colmena hereby agrees to pay all expenses,  including reasonable attorney's
     fees, which the holder may incur upon default or at maturity.

8.   COVENANTS

     Colmena and any guarantor,  surety or endorser,  and all others who are, or
     who may become, liable for the payment hereof:

    (a)   Expressly consent to all extensions of time,  renewals,  postponements
          of time of payment of this Note, from time to time,  prior to or after
          the day that such  payments  become  due  without  notice,  consent or
          consideration to any of the foregoing; and

    (b)   Expressly  agree to the additional  release by Yankees of any party or
          person primarily liable herein or any portion of the Collateral.

9.   ENFORCEMENT

    (a)   No delay by the holder in enforcing  any  covenant or right  hereunder
          shall be  deemed a waiver of such  covenant  or right and no waiver by
          the holder of any particular provision hereof shall be deemed a waiver
          of any other  provision  or a  continuing  waiver  of such  particular
          provision,  and except as so expressly  waived,  all provisions hereof
          shall continue in full force and effect.

    (b)   This  Note  shall be  enforceable  in the  Courts fo  Broward  County,
          Florida and Colmena  consents to  jurisdiction  therein.  10.  SPECIAL
          WAIVERS

     The  undersigned,  and all guarantors and all endorsers,  hereby  severally
waive presentment for payment,  protest and notice of protest for non-payment of
this Note.

11.  TIMELINESS

     Time shall be of the essence.

                                      -41-
<PAGE>

12.  LICENSE

    (a)   This form of Note is the property of Yankees.

    (b)   The use hereof by the Parties is authorized hereby solely for purposes
          of this  transaction,  and the use of this form of agreement or of any
          derivation  thereof  without  Yankees's  prior  written  permission is
          prohibited.

     In Witness  Whereof,  Colmena  has caused  this Note to be  executed on its
behalf by their duly authorized  representatives  as of the date first set forth
below.

Signed, Sealed and Delivered
         In Our Presence

/s/ Pearl Audit /s/                                  Colmena Corp.
-------------------------------
/s/ Sally Ann Stroberg /s/
_______________________________          By:   /s/ Edward C. Dmytryk /s/
                                                   Edward C. Dmytryk, President
Dated:   January 31, 2002

[Corporate Seal]                     Attest:  /s/  Vanessa H. Lindsey
                                                   Vanessa H. Lindsey, Secretary

STATE OF FLORIDA  }
COUNTY OF MARION  } SS.:

     BEFORE ME, an officer duly authorized to administer  oaths,  did personally
appear on this 31st day of  January,  2002,  Edward C.  Dmytryk  and  Vanessa H.
Lindsey,  known to me who,  being duly  sworn,  did state that they are the duly
elected  and  serving  president  and  secretary  of Colmena  Corp.,  a Delaware
corporation  ("Colmena"),  and that pursuant to authority  duly delegated by its
board of  directors,  they  executed  the  foregoing  Note on behalf of Colmena,
effective as of the date set forth therein. My commission expires: 06/07/04

         [NOTARIAL SEAL]                         /s/ Sally Ann Stroberg /s/
                                                 -------------------------------
                                                 Notary Public

                                      -42-

<PAGE>Exhibit 4.26

THIS AGREEMENT is made as of the 6th day of December, 1999, by and among Saliva
Diagnostic Systems Inc., a Delaware corporation, which has an address at 11719
N.E. 95TH STREET,Vancouver, WA 98692 ("Company"), and Helenka Bodner
("Investor"), an individual with an address at 1341 East 9th Street ,Brooklyn,
New York ("Investor").

W I T N E S S E T H:

WHEREAS, the Company is desirous of borrowing funds from Sterling National Bank
and Investor desires to facilitate such loan to enter into a transaction upon
the terms and conditions hereinafter set forth.

NOW, THEREFORE, the Company and Investor, intending to be legally bound, agree
as fol1ow~:

1). Investor agrees to guaranty the Company's credit line with Sterling National
Bank and agrees to continue to guaranty or make such loans (in Investor's sole
discretion) up to the aggregate principal sum of $500,000 (the "Funds"). In
consideration for the foregoing, the Company agrees as follows:

a). The Funds will be repaid to Investor with interest at 12% per annum
commencing as of the respective funding date, repayable six (6) months from the
date of the loan or upon demand of the investor should Investor believe that the
Company will be in default under this Agreement or any other material agreement,
or Investor believes that the Company may not have the financial ability or
assets to repay the Funds;

b). The Company will issue such number of 1998-Series B Convertible Preferred
Stock and Warrants (collectively the "Shares"), based upon the amount of Funds
loaned from Sterling National Bank to the Company, calculated upon the same
formula as set forth in the Company's previous transactions.

c). To secure Investor's loan, the Company will execute and deliver a Security
Agreement and execute, deliver and file Uniform Commercial Code Financing
Statements pledging all assets of the Company in favor of Sterling National Bank
and/or the Investor or an assignee of Investor (it being understood however that
there may be prior liens on the assets of the Company.

2). The Company agrees to submit this transaction to its Board of Directors for
their approval forthwith and the Company will obtain all requisite approvals and
consents, as hereinafter may be required.

3).   All expenses in connection with this transaction shall be borne by the
      Company.

4). Further Assurances. Each party hereto shall cooperate and shall take such
further action and shall execute and deliver such further documents as may be
reasonably requested by any party in order to carry out the provisions and
purposes of this Agreement.
<PAGE>

5). Representations of Investor. Investor, by executing and delivering this
Agreement hereby represents, warrants and covenants to the Company as follows:

5.1 (a) that the Investor is being issued, the Shares for investment only, for
her own account, and not with a view towards distribution thereof and (b) that
the Investor is aware (i) that the Shares are not registered under the
Securities Act of 1933, as amended (the "Act"), (ii) that the Shares may not be
sold or otherwise transferred unless they are registered under the Act (unless
an exemption from registration is available) and (iii) that one or more legends
setting forth the restrictions on the transferability of the Shares will appear
on the certificate(s) representing the Shares.

5.2 That she (i) has been provided with access to the Company's facilities and
any records which she has deemed necessary to fully investigate the Company and
its business operations, and (ii) fully understands and acknowledges that the
Company is a start-up operation and there is no assurance that the Company will
be successful in its manufacturing or marketing efforts.

5.3 That she has such knowledge, sophistication and experience in financial and
business matters that she is capable of (i) fully understanding the business and
financial condition of the Company and evaluating the merits and risks of an
investment in the Shares and (ii) that she has made an independent investigation
of the condition of the Company and its assets, financial and otherwise.

5.4 That she is an "accredited investor" as defined in Rule 501 (a) of the Act.

5.5 That she has been afforded an opportunity to ask questions and to receive
answers from the Company concerning the Company and to obtain any additional
information which the Company possesses or could acquire without unreasonable
effort or expense and has reviewed all previous annual and quarterly reports of
the Company on Form 10-KSB and 10-QSB.

5.6 The Investor will indemnify and hold the Company (its officers, directors,
employees and agents) harmless by reason of the breach of any of the terms and
conditions of this Agreement or any misleading or incorrect information
contained in any document provided by Investor to the Company.

5.7 Investor is under no restriction or prohibition from entering into this
transaction.

5.8 Investor is under no restriction or prohibition from entering into this
transaction.

5.9 The Investor is a resident of the State of New York. The Investor's federal
taxpayer identification number or social security number is
____________________. Under the penalties of perjury, the Investor certifies
that (i) the Investor is not subject to back-up withholding (ii) the Investor is
not a nonresident alien individual, a foreign partnership, a foreign corporation
or a foreign estate or trust, which would be a foreign person within the meaning
of Sections 1441, 1446, and 7701 (a) of the Internal Revenue Code of 1986, as
amended.
<PAGE>

5.10 Investor has not received any general solicitation or general advertising
regarding the issuance of the Shares;

5.11 The Investor understands that no securities administrator of any state has
made any findings or determinations relating to the fairness for investment of
the Shares and that no securities administrator has or will recommend or indorse
any issuance of the Shares.

5.12 Investor acknowledges that the consideration for the Shares being issued
hereby has been arbitrarily determined and bears no relationship to the assets
or book value of the Company, or other customary investment criteria;

5.13 Investor has adequate means to provide for personal needs, and possesses
the ability to bear the economic risk of holding the Shares issued hereunder
indefinitely, and can afford a complete loss of the consideration; and

5.14 There is no finder in Connection with this transaction.

6. Miscellaneous.

6.1 Notices hereunder may be given either by hand delivery or by certified mail,
return receipt requested or overnight Courier service with guaranteed next day
delivery, by facsimile transmission, and shall be effective (a) in the case of
hand delivery, upon the date of delivery, (b) in the case of certified mail,
three (3) days after deposit in the postal system, first class postage pre-paid,
(c) in the case of telex or facsimile notices, when sent and confirmation of
receipt has been received by the transmitting party and (d) in the case of
delivery by courier service with guaranteed next day delivery, the next day or
the day designated for delivery, addressed at the addressed first set froth
above with a copy to:

Rosen & Tetelman, LLP
501 Fifth Avenue, Suite 1404
New York, New York 10017
Attent1on: Ted D. Rosen, Esq.

Any party may change the person or address to whom or which the notice are to be
given hereunder, but any such notice shall be effective only when actually
received by the party to whom it is addressed.

6.2 This Agreement shall be binding on and inure to the benefit of the
respective heirs, executors, administrators, legal representatives and
successors of the parties hereto.

6.3 This Agreement may be executed in any number of counterparts, each of which
shall be deemed to be an original and all of which together shall be deemed to
be one and the same instrument.

6.4 This Agreement shall be governed by, and construed in accordance with, the
laws of the State of New York. The parties hereto hereby consent to the
exclusive jurisdiction of the Supreme Court of the State of New York and venue
for any action arising hereunder shall lie in New York County. The parties
hereto hereby waive any and all right to commence any action or proceeding
before any other court or judicial body or in any other venue with respect to
the subject matter of this Agreement.
<PAGE>

6.5 This Agreement shall not be changed, modified or amended except by a writing
signed by the party to be charged and this Agreement may not be discharged
except by performance in accordance with its terms or by a writing signed by the
party to be charged.

6.6 Investor has had the opportunity to consult with her own lawyers and
financial advisors in connection with this Agreement. Ted D. Rosen, Esq. of
Rosen & Tetelman, LLP has acted a counsel to the Company in connection with this
Agreement. Rosen & Tetelman, LLP also acts as special counsel to the Company on
certain matters. Investor and the Company have carefully read and fully
understands all of the provisions of this Agreement.

IN WITNESS WHEREOF, the parties' duly authorized representatives have duly
executed this Agreement as of the day and year first above written.

The Companv:

Saliva Diagnostic Systems, Inc.

By:Leo Ehrlich
----------------------------
Title: President

The Investor:

Helenka Bodner

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