Document:

THE OPTION REPRESENTED BY THIS CERTIFICATE AND THE SHARES OF COMMON STOCK
ISSUABLE UPON THE EXERCISE OF THE OPTION HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR REGISTERED OR QUALIFIED UNDER
THE SECURITIES LAWS OF ANY STATE AND THUS MAY NOT BE OFFERED, SOLD OR OTHERWISE
TRANSFERRED UNLESS REGISTERED UNDER THAT ACT AND REGISTERED OR QUALIFIED UNDER
APPLICABLE SECURITIES LAW OR UNLESS AN EXEMPTION FROM SUCH REGISTRATION OR
QUALIFICATION IS AVAILABLE.

               OPTION TO PURCHASE 10,000 SHARES OF COMMON STOCK OF
                      POLLUTION RESEARCH AND CONTROL CORP.
                               FROM MARCH 22, 2000
            VOID AFTER 5:00 P.M., LOS ANGELES TIME, ON MARCH 22, 2002

     This certifies that Robert Klein, or registered assigns, is entitled,
subject to the terms set forth below, to purchase from Pollution Research and
Control Corp., a California corporation (the "Company"), the above number of
fully paid and nonassessable shares of Common Stock of the Company ("Common
Stock") at a purchase price of $1.38 per share ("Purchase Price").

     This Option is exercisable from March 22, 2000 to and including 5:00 p.m.,
Los Angeles time, on March 22, 2002.

Registered Owner:     Robert Klein

Purchase Price:       $1.38 per share

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                                OPTION AGREEMENT

     This Option Agreement (the "Agreement") is made and entered into effective
as of March 22, 2000 by and between Pollution Research and Control Corp., a
California corporation ("PRCC"), and Robert Klein ("Optionee").

     WHEREAS, Optionee has been providing valuable services as recognized by the
Company's Board of Directors to PRCC and PRCC is desirous of having Optionee
continue to provide such services to it; and

     WHEREAS, PRCC is willing to grant Optionee an option to purchase up to an
aggregate of 10,000 shares of the no par value common stock of PRCC (the "Common
Stock") under the terms and conditions set forth below.

     NOW, THEREFORE, the parties agree as follows:

     1. Grant of Option. PRCC hereby grants to Optionee, as a matter of separate
agreement and not in lieu of other compensation for services, the right and
option (the "Option") to purchase on the terms and conditions set forth in this
Agreement all or any part of up to an aggregate of 10,000 shares of Common Stock
(the "Option Shares"), for continuous, uninterrupted, employment service to PRCC
or by specific acknowledgement of exception by the Company's Board of Directors.

     2. Option Price. At any time when shares of Common Stock are to be
purchased pursuant to the Option, the purchase price for each Option Share shall
be $1.38 ("Option Price"), and for purposes of record, the bid price of the
Company's stock on this date was $1.25.

     3. Option Period. The option period shall commence on March 22, 2000 (the
"Date of Grant") and shall terminate March 22, 2002.

     4. Exercise of Option. The Option may be exercised in whole or in part at
any time after the date hereof by delivering to the Chief Financial Officer of
PRCC (a) a Notice and Agreement of Exercise of Option, substantially in the form
attached hereto as Exhibit "A," specifying the number of Option Shares with
respect to which the Option is exercised, and (b) full payment of the Option
Price for such Shares.

     5. Securities Law Requirements. The Option Shares have not been registered
under the Securities Act of 1933, as amended (the "Act"), and no Shares may be
sold, offered for sale, transferred, pledged, hypothecated or otherwise disposed
of except in compliance with the Act and any other applicable federal and state
securities laws. Additionally, the Option and the Option Shares have not been
qualified under the California Securities Law of 1968, as amended (the

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"California Law"). PRCC has no obligation to register the Option Shares under
the Act or qualify the Option Shares under the California Law. Optionee
acknowledges that he is aware that Rule 144 of the General Rules and Regulations
under the Act ("Rule 144") affords a limited exemption from registration for the
public resale of registered securities and under the terms of Rule 144 as
currently in effect, the Shares received by Optionee may be sold to the public
without registration only after a period of two (2) years has elapsed from the
exercise date of the Option and then only in compliance with all other
requirements of Rule 144 and the Act. Optionee hereby acknowledges, represents,
warrants and agrees as follows:

          (a) That the Option and the Option Shares are not registered under the
Act or qualified under the California Law, and the Option Shares shall be
acquired solely for the account of Optionee for investment purposes only and
with no view to their resale or other distribution of any kind;

          (b) Neither the Option nor any Option Share shall be sold or otherwise
distributed in violation of the Act, the California Law or any other applicable
federal or state securities law;

          (c) His overall commitment to investments that are not readily
marketable is not disproportionate to his net worth, and his investment in PRCC
will not cause such overall commitment to become excessive;

          (d) He has the financial ability to bear the economic risk of his
investment, has adequate means of providing for his current needs and personal
contingencies, and has no need for liquidity in his investment in PRCC;

          (e) He either: (i) has a preexisting personal or business relationship
with PRCC or its officers, directors or controlling persons, or (ii) has
evaluated the business of PRCC and the high risks of investing in PRCC, the
competitive nature of the business in which PRCC is engaged, and has the
business or financial experience or has business or financial advisors who are
unaffiliated with, and not compensated by, PRCC and protect his interests in
connection with the transaction;

          (f) He has been given the opportunity to review all books, records and
documents of PRCC and to ask questions and receive answers from PRCC concerning
PRCC's business, to obtain additional information necessary to verify the
accuracy of the information he has desired in order to evaluate his investment,
and to consult with such attorneys, accountants and other advisors as he has
desired;

          (g) His residence set forth below is his true and correct residence,
and he has no present intention of becoming a resident or domiciliary of any
other state or jurisdiction;

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          (h) In making the decision to accept the Option and/or purchase the
Option Shares, he has relied solely upon independent investigations made by or
on behalf of him;

          (i) No federal or state agency has made any finding or determination
as to the fairness of an investment in PRCC; and

          (j) He understands that all the representations and warranties made by
him herein, and all information furnished by him to PRCC, is true, correct and
complete in all respects.

     6. Optionee hereby acknowledges that he understands the meaning and legal
consequences of the representations, warranties and covenants contained herein
and that PRCC has relied on the representations made by Optionee in paragraph 5
hereof in granting this Option, and Optionee agrees to indemnify and hold
harmless PRCC and its officers, directors, controlling persons, attorneys,
agents and employees from and against any and all loss, damage or liability,
together with all costs and expenses (including attorneys' fees and
disbursements) which any of them may incur by reason of any breach in any
representation, warranty, covenant or agreement contained herein. All
representations, warranties, covenants and agreements, and the indemnification
contained herein, shall survive the grant of the Option and the issuance of the
Option Shares by PRCC.

     7. Legend on Certificates. All Option Shares issued pursuant to this
Agreement shall be subject to the provisions of this Agreement and the
certificates representing such Option Shares shall bear the following legend or
language substantially equivalent thereto:

          "THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
          REGISTERED OR QUALIFIED UNDER FEDERAL OR STATE SECURITIES
          LAWS. THE SHARES MAY NOT BE OFFERED FOR SALE, SOLD, PLEDGED
          OR OTHERWISE TRANSFERRED UNLESS SO REGISTERED OR QUALIFIED
          OR UNLESS AN EXEMPTION EXISTS, THE AVAILABILITY OF WHICH IS
          TO BE ESTABLISHED TO THE SATISFACTION OF THE COMPANY."

     8. Transferability of Option. The Option shall not be transferable except
by the laws of descent and distribution and any attempt to do so shall void the
Option.

     9. Adjustment. The Option Price and the number and kind of Option Shares
shall be subject to corresponding adjustment in the event of any change in the
Common Stock by reason of any reclassification, recapitalization, split-up,
combination, exchange of shares, readjustment or stock dividend, in like manner
as if such Option Shares had been issued and outstanding, fully paid and
non-assessable at the time of such occurrence.

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     10. Privilege of Ownership. Optionee shall not have any of the rights of a
shareholder with respect to the Shares covered by the Option except to the
extent that one or more certificates for such Shares shall be delivered to him
upon one (1) or more exercises of the Option.

     11. Notices. Any notices required or permitted to be given under this
Agreement shall be in writing and they shall be deemed to have been given upon
personal delivery or two (2) business days after mailing the notice by postage,
registered or certified mail. Such notice shall be addressed to the party to be
notified as shown below:

     PRCC:          POLLUTION RESEARCH AND CONTROL CORP.
                    506 Paula Avenue
                    Glendale, CA  91201
                    Attn: President

     OPTIONEE:      Robert Klein
                    506 Paula Avenue
                    Glendale, California  91201

     Any party may change its address for purposes of this Section by giving the
other party written notice of the new address in the manner set forth above.

     12. General Provisions. This Agreement:

          (a) Contains the entire agreement between PRCC and Optionee regarding
options of PRCC to Optionee and supersedes all prior communications, oral or
written;

          (b) Shall not be construed to give Optionee any rights as to PRCC or
the Common Stock, except as specifically provided herein;

          (c) May not be amended nor may any rights hereunder be waived except
by an instrument in writing signed by the party sought to be charged with such
amendment or waiver;

          (d) Shall be construed in accordance with, and governed by, the laws
of the State of California; and

          (e) Shall be binding upon and shall inure to the benefit of PRCC and
Optionee, and their respective successors and assigns, except that Optionee
shall not have the right to assign or otherwise transfer his rights hereunder to
any person.

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

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                                          PRCC:

                                          POLLUTION RESEARCH AND CONTROL CORP.,
                                          a California corporation

                                          By: /s/ Albert E. Gosselin, Jr.
                                          -------------------------------
                                          Albert E. Gosselin, Jr.,
                                          President and Chief Executive Officer

                                          OPTIONEE:

                                          /s/ Robert Klein
                                          ----------------
                                          Robert Klein

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                                    EXHIBIT A

                     To Pollution Research and Control Corp.

                   NOTICE AND AGREEMENT OF EXERCISE OF OPTION

     I hereby exercise the Option granted to me by POLLUTION RESEARCH AND
CONTROL CORP., a California corporation ("PRCC"), dated as of March 22, 2000 as
to __________ shares of PRCC"s no par value Common Stock.

     Enclosed are the documents and payment specified in Paragraph 4 of my
Agreement regarding the Option.

----------------------------------          ------------------------------------
(Print Your Name)                           Signature

                                       7Exhibit 6(i)
                              MANAGEMENT AGREEMENT

THIS  AGREEMENT  is made and  entered  into as of  the.30th  Day of April , 1999
(hereinafter  between Golden Opportunity  Development  Corporation,  a Louisiana
corporation  referred to as "Owner") and  Diversified  Holdings 1, Inc. a Nevada
corporation  (hereinafter referred to as "Manager").  The subject matter of this
Agreement is the motel and retail buildings  located in the city of Baton Rouge,
Louisiana owed by Owner (hereinafter referred to as the "Property").

         Owner  desires  that the  Property  be  managed  and  that  accounting,
management and  maintenance  services be provided by Manager serving as an agent
for the Owner on the terms and conditions herein set forth.

         In  consideration  for the terms,  conditions  and  covenants set forth
herein, the parties mutually agree as follows:

                                     AGENCY

         Owner  hereby  appoints   Manager  as  Owner's  agent  for  the  retail
management of the Property, commencing as of the date of this Agreement. Manager
shall serve in such capacity as an independent contractor and not as an employee
of Owner.  Subject to such express  restrictions or limitations on its authority
as are set  forth  below  or as may be  agreed  upon by the  parties  hereto  in
writing,  Manager  shall  perform the services and have the powers as herein set
forth as to the property.

                               MANAGEMENT

     So long as it manages the Property:
         (a) Manager shall use all rents  collected from the Property to pay all
items set forth herein which  Manager is to pay at Owner's cost and expense.  It
is the intent of the parties that Manager shall be reimbursed for all legitimate
expenses of the Property incurred by Manager.

         (b) Manager  shall use its best efforts to rent or lease all  available
space within the  Property.  Manager  shall,  at owner's  expense,  promote such
leasing  and  rental  of motel  rooms  by such  reasonable  use of  advertising,
circulars and other promotional aids as it deems appropriate.

         (c) As agent for the Owner,  Manager  shall select and obtain  tenants,
arrange for and execute  leases and extensions and renewals of leases on tenants
established by mutual agreement of the parties,  terminate tenancies and leases,
and arrange and consent to  assignments  of leases and  subletting  of property,
subject  to such  instructions  or  directions  from  Owner  as  Owner  may deem
necessary or appropriate.

         (d) Manager shall use its best efforts to collect rent and other income
from the Property.  It may in its discretion  institute legal proceedings in the
name of Owner, or, in the cases of routine

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<PAGE>

matters,  in its own name, to collect the same, to oust or dispossess tenants or
other occupying the Property,  and otherwise to enforce the rights of Owner with
respect thereto.  Manager may in its discretion  compromise  claims for rent and
other income or settle such legal proceedings.

        (e) Manager shall at Owner's expense (except in cases where a tenant may
be  obligated to do so) keep and  maintain  (i) the entire  Property,  including
without limitation:  the roofs, walls,  foundations and appurtenances,  exterior
and interiors of the buildings, pipes, heating,  cooling, lighting, plumbing and
electrical distribution systems and all other fixtures,  machinery and equipment
forming  part of the  Property  and  (ii) the  entire  extent  of the  personal
property located on or within the Property,  including without  limitation:  the
appliances,  drapes, furniture,  fixtures,  machinery and equipment, in constant
good order,  repair and  condition,  whether the  necessity  of such repairs may
arise from wear, tear, obsolescence, casualty or other cause, suffering no waste
or injury.  To that end,  Manager shall, at Owner's  expense,  promptly make all
needed  repairs,   replacements  and  renewals,   ordinary  and   extraordinary,
structural or otherwise.  Upon  termination  of this  Agreement,  Manager shall
deliver to Owner all real and personal property belonging to the Property in the
condition in which Manager is required to maintain it.

         (f) Manager shall contract, in Owner's name, and shall pay from Owner's
accounts  at  Owner's  expense  all  services  to tenants  which are  usually or
customarily  furnished or rendered in connection with the rental of the Property
with  reference  to the type of  property  involved  and the  area in which  the
Property  is located  (hereinafter  referred  to as  "customary  services").  No
separate  charge shall be made to the tenants by Manager for customary  services
which are  furnished  except as set forth in the  leases  entered  into with the
individual tenants.

         (g) Manager shall, in Owner's name, engage and discharge such employees
and others as it deems  necessary or appropriate  for the  maintenance,  on site
management  and operation of the Property to furnish  customary  services to the
tenants  of the  Property  and to make  repairs  with  respect  to the  real and
personal  property  located on the Property.  All such employees shall be in the
employ of the Owner,  Owner at it's  expense and  discretion  maintain  fidelity
insurance on those of its  employees  handling  funds or assets of the Property.
All such  employees  shall be  covered as  necessary  with  statutory  Workmen's
Compensation  coverage and shall be subject to all required  federal,  state and
local tax with holdings with respect to such employees.

         (h)  Manager  shall  make  any  necessary  or  appropriate   rules  and
regulations for the operation of the Property.

         (i)  Manager  at Owner's  expense  shall pay all real  property  taxes,
special  improvements and other assessments,  water and sewer rents and charges,
and  all  other  taxes,  duties,  charges,  fees  and  payments  imposed  by and
governmental or public  authority or which shall be imposed,  assessed or levied
or arise in connection with the use, occupancy, or possession of the Property or
any part  thereof  during  the term of this  Agreement,  all of which are called
"Governmental impositions".  In each case, Manager shall deliver to Owner thirty
(30) days prior to the last day upon which Governmental  impositions may be paid
without  penalty  or  interest,  a  copy  of the  notice  of  such  Governmental
imposition or a copy of a receipt showing payment thereof.  Manager shall,  upon
the written request of Owner,  contest in good faith by appropriate  proceedings
conducted promptly at Owner's expense,  the validity and enforcement of any

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Governmental  impositions.  Manager shall  diligently  prosecute such contest to
final determination by the court,  department or governmental  authority or body
having jurisdiction of such contest.  Owner agrees to cooperate  reasonably with
Manager and to execute any documents or pleadings  required for such purpose and
any  expense  or  liability  in  connection  therewith  shall be the  expense or
liability of the Owner. Manager may defer payment of the contested  Governmental
Imposition  pending such contest so long as such deferment shall not subject the
interest of Owner in the Property to forfeiture.

        (j) Manager shall, at Owner's expense,  promptly comply with all present
and future laws, rules, and  requirements,  orders,  directions,  ordinances and
regulations  of the United  States of  America or of the state,  county and city
governments,  or of any  other  municipal,  governmental  and  lawful  authority
whatsoever,  affecting the Property or appurtenances of any part thereof, and of
all  their  departments,  bureaus  or  officials  (all  of the  foregoing  being
hereinafter called  "Requirements of Law"), whether such requirements may relate
to: (i) structural or other alterations,  changes, additions,  improvements;  or
(ii) repairs, inside or outside,  extraordinary or ordinary; or (iii) the manner
in  which  the  Property  may be used or  occupied;  or (iv)  any  other  matter
affecting  the  Property,  whether like or unlike the  foregoing.  Manager shall
immediately  upon the discovery of any  violation of a Requirement  of Law which
might  subject  Owner to  liability  or  forfeiture  of any  interest,  take all
necessary steps, legal or equitable, to compel the discontinuance thereof and to
oust and remove any  tenants,  occupants  or other  persons  guilty of such use.
Manager  shall  upon the  written  request  of Owner,  contest  in good faith by
appropriate  proceedings  conducted promptly at Owner's expense, the validity or
enforcement of any Requirement of Law. Manager shall  diligently  prosecute such
contest  to  final  determination  by  the  court,  department  of  governmental
authority or body having jurisdiction of such contest. Owner agrees to cooperate
reasonably with Manager, and to execute all documents and pleadings required for
the purpose of such contest and any expense or liability in connection therewith
shall be the expense or liability  of the  Property  and the Owner.  Manager may
defer  compliance  with any  Requirement  of Law pending such contest so long as
such  noncompliance  shall not  constitute a crime or misdemeanor on the part of
Owner.

         (k) Manager,  at Owner's  expense,  shall keep the buildings,  personal
property and all improvements included with the Property insured against loss by
fire and  so-called  extended  coverage  perils in an  amount  equal to the full
replacement  cost,  exclusive of  foundations,  including  all buildings and the
personal  property and  equipment  situated  therein.  Manager  will, at Owner's
expense, obtain at no longer than three year intervals during the period of this
Agreement is in effect, successive appraisals of the building, personal property
and improvement  included within the Property by a reliable insurance  appraiser
and in the event an appraisal  shows a valuation of such  improvements in excess
of the valuation  theretofore  being used for insurance  coverage purposes under
the provisions of this paragraph,  Manger will increase said insurance  coverage
so as to cover such  increase in  valuation.  Manager at Owner's  expense  shall
provide and keep in force,  for the protection of Owner,  comprehensive  general
public liability and property damage insurance  against claims for bodily injury
or death or property  damage  occurring  upon the Property and the  sidewalks or
property adjacent thereto, in the limits of not less than $100,000 in respect of
bodily  injury  or death to any one  person  and not less than $  1,000,000  for
bodily  injury or death to any number of persons  arising our of one accident or
disaster, and in limits of not less than $500,000 for damage to property, and if

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higher  limits shall at any time be customary to protect  against  possible tort
liability, such higher limits shall be carried. Manager at Owner's expense shall
carry insurance in such amounts as may from time to time be reasonably  required
by Owner against other insurable  hazards what are at the time commonly  insured
against in the case of a similar  property in Baton Rouge,  Louisiana under this
paragraph  shall be carried in the name of the Owner,  Manager and the holder of
any indebtedness  secured by the Property,  as their respective  interests shall
appear.  Manager shall upon execution of this Agreement deliver such policies to
Owner with evidence of the payment of premiums thereon. Renewals of all policies
at any time in force,  with such  evidence of  payments,  shall be  delivered to
Owner from time to time at least thirty (30) days before the expiration thereof.
All such insurance shall be taken in such  responsible  companies as Owner shall
reasonably approve,  and each policy shall provide that no cancellation  thereof
may be made by the insurance  carrier without having first given ten days notice
in writing thereof to Owner,  Manager and the holder of any indebtedness secured
by the Property.

         (l)  Any  funds  required  to  be  paid  by  Manager  for  Governmental
Impositions or for insurance under which any holder of any indebtedness  secured
by the Project  shall  require Owner to pay the same amount over to Manager upon
notice of such payment by Manager of Owner's obligation.

         (m)  Manager  shall in its  discretion  and at Owner's  expense  engage
counsel  acceptable  to Owner to  advise  on legal  matters  and  conduct  legal
proceedings arising in the performance of Manager's duties hereunder.

         (n)  Manager  shall  maintain  complete  and  accurate  records  of all
transactions relating to the Property, including disbursements, receipts and all
correspondence and data relating to the supervision, management and operation of
the Property,  and shall make such records  available for inspection and copying
by owner or its  representatives  at  reasonable  times.  Such books and records
shall be separate from those  recording  Manager's own accounts and those of any
other principal. Owner, at its expense may cause such books, records and data to
be audited by a firm of independent  certified public accountants which it shall
designate.  Manager shall comply with such instructions as may be given to it by
Owner concerning the specific form or content of such records.

         (o) If  specifically  instructed to do so, Manager shall pay at Owner's
expense,  all sums that become due as they become due on indebtedness secured by
the Property.

         (p) Manager shall render to Owner,  within fifteen (I 5) days after the
end of each month, a monthly statement of receipts and disbursements  during the
preceding month with respect to the Property,  showing the revenues and expenses
of the Property.  Along with each monthly statement Manager shall remit to Owner
a statement of "net income" of the Property  for the  preceding  month.  For the
purposes of this  Agreement,  "net income" shall mean all rent monies  collected
for the month minus all expenses incurred and payments made by Manager on behalf
of Owner under this  Agreement  and minus any  compensation  due  Manager  which
Manager is entitled to deduct from "net income" under Compensation. In any month
in which the  expenses  incurred  by Manager  on behalf of Owner  exceed the net
income of the Property, the amount of the  expenses  in excess of the net income

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shall be billed  to Owner  and paid by Owner  within  fifteen  (15)  days  after
receipt of such bill.  Manager  shall also render to Owner,  within  thirty (30)
days after the end of the calendar  year, an annual report which shall include a
statement of receipts and disbursements  during the preceding calendar year with
respect to the Property and a brief report of Manager's  activities in regard to
the Property during the preceding calendar year.

         (q) Manager shall perform such additional administrative and managerial
duties in connection with the Property as Owner may request in writing from time
to time.

                                  COMPENSATION

        As  compensation  for  its  services  Manager  shall  be  entitled  to a
professional  management  fee which shall be the sum of Ten Thousand ($ 1 0,000)
dollars per month and 5 % of the effective monthly net income, if any, in excess
of Five Thousand  ($5,000)  dollars,  payable monthly.  Manager may deduct these
fees from any amounts due Owner hereunder.

                                    INDEMNITY

         Manager shall  indemnify,  defend and save harmless  Owner from any and
all liabilities,  damages,  penalties, costs, expenses, claims, suits or actions
due  to or  arising  out of  any  breach,  violation  or  nonperformance  of any
obligation of Manager hereunder. Manager shall indemnify and hold harmless Owner
from contract of other liability, claims or damages, or act committed by Manager
beyond the scope of this  Agreement  to the extent  that such  liability  is not
covered by insurance.

                                      TERM

         This  Agreement  shall  commences  on the  date  of its  execution  and
continue in full force and effect for a period of one (1) year after the date of
its  execution.  After such initial term,  this  Agreement  shall  automatically
continue  until canceled by Owner or Manager upon thirty (30) days prior written
notice given to the other Party.  Upon  termination of this  Agreement,  Manager
shall be entitled to any  compensation  specified  herein  which has accrued and
become payable but has not been paid to manager hereunder as of the date of such
termination.

                  PERFORMANCE OF MANAGER'S OBLIGATION BY OWNER

         Owner may make any payment or perform or cause to be  performed  or all
obligation of Manager under this  Agreement  which Manager may neglect or refuse
to  perform.  All costs in excess of  amounts  normally  paid on behalf of Owner
incurred by Owner in connection therewith shall be paid to Owner by Manager. The
provisions contained in this section shall not limit Manager's obligations under
this Agreement and the right and authority  hereby reserved does not impose upon
Owner any  responsibility for the care, repair or supervision of the Property or
any building, personal property, equipment, fixture or appurtenance. Owner shall
h

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<PAGE>

ave the right  without  terminating  this  Agreement to sue for and recover all
sums payable hereunder.

                              DAMAGE OR DESTRUCTION

         In the event of damage to or  destruction  of the  Property or any part
thereof, Owner may at its election proceed to repair or rebuild. If Owner elects
to repair or rebuild the  Property,  the  Agreement  shall not be  terminated or
affected  in any  manner by reason of the  destruction  or damage in whole or in
part of the Property or any such building or improvement  located thereon, or by
reason  of  the  untenantability  of  the  Property  or  any  such  building  or
improvements,  and the  payments  to Owner under this  Agreement  as well as all
other charges payable  hereunder shall be paid by Manager in accordance with the
terms, covenants and conditions of this Agreement without abatement,  diminution
or reduction,  provided the funds  therefore are available  from the Property or
otherwise  provided to Manager by Owner.  If Owner  within sixty (60) days after
such damage or  destruction  elects not to repair or rebuild the Property,  this
Agreement shall terminate as of the date of such damage or destruction. If under
the terms of any mortgage,  deed of trust or other such instrument  covering the
Property,  the holder of the indebtedness secured thereby has the right to apply
any  insurance  proceeds  to  the  reduction  of  such  indebtedness  or to  the
restoration of the Property,  and the holder of such  indebtedness  has not made
such  decision  within  sixty (60) days after such  damage or  destruction,  the
period of time under this section in which Owner shall decide  whether to repair
or  rebuild  shall be  extended  until  ten (1O) days  after the  holder of such
indebtedness shall have made its decision.

                          SCOPE OF MANAGER'S AUTHORITY

         The scope of Manager's  authority to bind Owner shall be  determined by
provisions of this  Agreement and any  amendments  hereto.  Manager may not bind
Owner to make any  expenditure  or bind Owner to any  contract  calling  for any
expenditure except pursuant to the terms of this Agreement.

                                   AMENDMENTS

          This Agreement may be amended only by the mutual consent in writing of
the Parties.
                                     NOTICE

         All  notices,  requests,   consents,  approval,  written  instructions,
reports or other  communication  by Owner and Manager under this Agreement shall
be in writing and shall be deemed to have been given or served if  delivered  or
if mailed by certified mail, postage prepaid, addressed as follows:

                            To Owner:       Golden Opportunity Development Corp.
                                             427 Lafayette Street
                                             Baton Rouge, Louisiana 70802-5408
                                             (225) 387-0421

                                       56

<PAGE>

                            To Manager:      Diversified Holdings 1, Inc.
                                             268 West 400 South, Suite 300
                                             Salt Lake City, Utah 84101
                                             801) 575-8073

Either  party may  change  the  address  to which  notice,  requests,  consents,
approvals, written instruction,  reports or other communications are to be given
by a notice of change of address given in the manner set forth in this section.

                                NONASSIGNABILITY

         Owner has entered into this Agreement in reliance upon the  experience,
ability and financial  worth of Manager and Manager shall not assign or transfer
any interest in this Agreement without the prior written consent of Owner.

APPLICABLE LAW

This Agreement shall be governed by and construed in accordance with the laws of
the state of Utah

EXECUTED as of the date first set forth above.

GOLDEN OPPORTUNITY DEVELOPMENT CORP. - "OWNER"

BY:   /s/ BonnieJean C Tippetts      TITLE:     Sec
      --------------------------

DIVERSIFIED HOLDINGS I, INC. - "MANAGER"

BY:   /s/ Richard Surber             TITLE:     President
      ---------------------------

                                       57

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