Document:

CONSULTING AGREEMENT

This  agreement  is  effective  as of  August  29,  1997,  by and  between  Ciro
International,   Inc.   ("Ciro")  and  Merchants  T  &  F,  Inc.   ("Merchants")
(concurrently, the "Parties").

Ciro desires to obtain assistance in the management and organization of its
ongoing business interests. Merchants desires to assist Ciro in its ongoing
business interests. The parties agree to the terms set forth below.

1.   DUTIES AND INVOLVEMENT

     a. Ciro hereby  engages  Merchants for the purpose of assisting Ciro in the
management and  organization;  such assistance is to be used in the expansion of
business or any other purpose as Ciro so desires.

     b.  Merchants  acknowledges  that it is not an agent or  employee of Ciro's
and,  that it will not commit Ciro to any action.  Any and all  arrangements  or
agreements  that  Merchants may negotiate for Ciro will be subject to acceptance
by Ciro, to be evidenced by the  execution by an  authorized  officer of Ciro's.
Merchants  represents  that  it  does  not  have,  through  stock  ownership  or
otherwise, the power to control Ciro.

     c.  Merchants  shall  devote  such of its time  and  effort  to the  duties
hereunder and shall use his best efforts to fulfill its  obligations  hereunder;
however,   Ciro  acknowledges  that  Merchants  is  engaged  in  other  business
activities  and that  such  activities  will  continue  during  the term of this
Agreement.

2.   TERM

     This  Agreement  shall  continue for a term of one year from the  effective
date hereof

3.   COMPENSATION

     a. As full  compensation for Merchants  advisory services  hereunder,  Ciro
shall pay to Merchants a nominal  cash  payment of the greater of Five  Thousand
Dollars ($5,000) per month or Twenty percent (20%) of the gross royalty income.

4.   TAXES AND OTHER LIABILITIES

     Merchants  acknowledges and agrees that it is an independent contractor and
not an employee of Ciro. As such, Merchants  acknowledges that it is responsible
for all  self-employment  and other tax payable to any  federal,  state or local
authority and any other  obligation or  liabilities  arising from his engagement
and compensation hereunder.

<PAGE>

     The undersigned hereby acknowledges receipt of an executed original of this
Consulting Agreement and accepts the terms and conditions hereof

                                               MERCHANTS T & F, INC.

                                               By: /s/ Murray Wilson
                                                   ----------------------------
                                                       Murray Wilson
                                                       President

                                               CIRO INTERNATIONAL, INC.

                                               By: /s/ Murray Wilson
                                                   ----------------------------
                                                       PresidentEXHIBIT A

                                 PROMISSORY NOTE

$393,432                                                  New York, New York
                                                          Date: August ___, 1997

     FOR VALUE RECEIVED, MURRAY WILSON ("Borrower") promises to pay to MERCHANTS
T & F, INC., a New York corporation  ("Lender"),  in one or more payments within
one year from the date of this Agreement (the  "Maturity  Date"),  the principal
sum of THREE  HUNDRED  NINETY THREE  THOUSAND  FOUR  HUNDRED  THIRTY TWO DOLLARS
($393,432), with EIGHT percent (8%) interest.

     Prepayment.  Borrower  shall have the right to prepay this Note at any time
and from time to time in whole or in part without penalty.

     Late Fee. Upon default in the payment of the balance on the Maturity  Date,
Borrower  shall pay to Lender upon demand,  in addition to all the other amounts
payable  hereunder,  a late charge equal to two percent of the amount so overdue
(but in no event higher than the maximum allowed by New York law).

     Accleration  Upon Default.  Each of the following shall be deemed an "Event
of Default":

     A.   If one of the  following  acts of  insolvency  occurs with  respect to
          Borrower or the property of Borrower:

          insolvency;  assignment  for the benefit of  creditors or calling of a
          meeting of creditors  preliminary thereto;  appointment of a receiver,
          conservator,  rehabilitator  or similar  officer  for  Borrower or any
          material portion of the property of Borrower,  which appointment shall
          not be removed within 30 days after the  appointment;  the issuance of
          any  attachment  against  any  material  portion  of the  property  of
          Borrower,  which shall not be removed or bonded within 30 days of such
          issuance;  or the taking of  possession  of, or  assumption of control
          over, all or any  substantial  part of the property of Borrower by the
          United States Government,  foreign government (de facto or de jure) or
          any agency thereof;  the filing of a voluntary  petition in Bankruptcy
          by Borrower;  or the  commencement of any proceeding by Borrower under
          any bankruptcy or debtor's law (or similar law analogous in purpose or
          effect)  for  the  relief  or   reorganization   of  Borrower  or  for
          composition,  extension,  arrangement  or  readjustment  of any of the
          obligations of Borrower;  or the filing of any involuntary petition in
          bankruptcy  against Borrower,  which filing is not dismissed within 60
          days of such

<PAGE>

          filing.

     B.   If a judgement is entered or a tax lien filed against  Borrower or the
          property of Borrower which is not paid or bonded on or before the 30th
          day following the entry of judgement or filing of lien.

     C.   If  Borrower  fails  to  collect,  remit  or pay any  tax  assessment,
          withholding  or deficiency on or before the 30th day following the due
          date.

     D.   The dissolution of Borrower.

     Upon an Event of Default,  the entire  principal  balance of this Note then
remaining unpaid,  together with any late charges thereon,  shall, at the option
of  Lender,  become  immediately  due and  payable,  without  demand or  notice,
together with all costs of collection,  including  reasonable  attorney's  fees.
Failure to exercise  this option  shall not  constitute a waiver of the right to
exercise the same in the event of any subsequent default or breach.

     Waiver;  Indulgence. All parties now or hereafter liable for payment of any
of the indebtedness evidenced by this Note, by executing and endorsing this Note
or by entering into or executing any  agreement to pay any  indebtedness  hereby
evidenced:  (a) agree to waive presentment for payment,  demand, notice, protest
and diligence in collection  or bringing  suit;  and (b) agree that Lender shall
have the right, without notice and without in any way affecting the liability of
Borrower,  to (i) accept partial  payment,  (ii) exchange or release security or
collateral,  (iii) deal in any way at any time with any  parties  liable for the
indebtedness evidenced by the Note, or (iv) grant us to any party any extensions
of time for  payment  of any  said  indebtedness  or any  other  indulgences  or
forebearances whatsoever.

     Severability. If any provision of this Note shall be deemed by court having
jurisdiction  thereon invalid or  unenforceable,  the balance of this Note shall
remain in effect;  if any  provision of this Note is deemed by any such court to
be  unenforceable  because such provision is too broad in scope,  such provision
shall be  construed  to be  limited  in scope to the  extent  such  court  deems
necessary to make it enforceable; and if any provision is deemed inapplicable by
any such court to any person or circumstance, it shall nevertheless be construed
to apply to all other persons and circumstances.

<PAGE>

     Governing Law; Effect.  This document shall be governed by and construed in
accordance  with the  substantive  law of the State of New York,  without giving
effect to the  conflicts  or choice of law  provisions  of New York or any other
jurisdiction, and shall have the effect of a sealed instrument.

                                                     BORROWER:

                                                     /s/ Murray Wilson
                                                     -----------------------
                                                     Murray Wilson

                                                     PAYEE:
                                                     MERCHANTS T & F,

                                                     By: /s/ Laszlo Schwartz
                                                         -------------------

Date: 8/28/97

<PAGE>

                                   EXHIBIT "A"

                                 PROMISSORY NOTE

$393,432.00

                                                              New York, New York
                                                                  August 1, 1997

     THE UNDERSIGNED hereby promises to pay to the order of Merchants T&F, Inc.,
a New York corporation at 445 Fifth Avenue,  Room 1lA, New York, NY 10016, or at
such other place as the holder hereof may designate in writing, the sum of three
hundred  ninety-three  thousand four hundred thirty-two  dollars  ($393,432.00),
with interest  thereon at the rate of eight  percent (8%) per annum,  payable as
follows: Principal and interest on or before July 31, 1998.

     Prepayment of this note with interest to date of payment may be made at any
time without penalty.

     If default is made in the payment  when due of any part or  installment  of
interest,  then the whole sum of principal and interest shall become immediately
due and payable at the option of the payee, without notice.

     In the event of  commencement  of suit to enforce payment of this note, the
undersigned agree to pay such additional sum as attorney's fees as the court may
adjudge reasonable.

                                                     /s/ Murray A. Wilson
                                                     -----------------------
                                                     Murray A. Wilson

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