Document:

<PAGE>   1

                                                                    EXHIBIT 10.1

                      Plan and Agreement of Reorganization
                                 by and between
                         Team Labs Systems Group, Inc.,
                             Team Labs Corporation,
                             Team Labs Systems, Inc.
                 and the Shareholders of Team Labs Systems, Inc.

         THIS PLAN AND AGREEMENT OF REORGANIZATION (hereinafter referred to as
the "Agreement") is entered into as of this 1st day of October, by and between
TEAM LABS SYSTEMS GROUP, INC. (hereinafter referred to as "TEAM"), TEAM LABS
CORPORATION (hereinafter referred to as "TLC") TEAM LABS SYSTEMS, INC., a Nevada
corporation (hereinafter referred to as "SYSTEMS") and the shareholders of
SYSTEMS, (hereinafter individually and collectively referred to as
"Shareholder").

                                   WITNESSETH

     WHEREAS, TEAM is a Delaware corporation with authorized capital stock of
75,000,000 shares of $.0001 par value Common Stock of which 10,499,032 shares of
Common Stock were issued and outstanding as of August 31, 2000 (hereinafter
"TEAM Shares");

     WHEREAS, TEAM currently had pending an offering pursuant to Regulation D
under the Securities Act of 1933, as amended, which contemplates the sale and
issuance of not to exceed 4,000,000 Shares for an aggregate consideration of
$725,000;

     WHEREAS, TEAM currently intends to effectuate a one (1) share for 50 shares
reverse stock split of its common stock to its shareholders of record, to be
effective as of October 10, 2000;

     WHEREAS, TLC is a Colorado corporation with authorized capital stock of
20,000,000 shares of $1.00 par value Common Stock and 1,000,000 shares of
preferred stock, without par value, of which 4,377,618 shares of common stock
were issued and outstanding as of August 31, 2000;

     WHEREAS, TEAM desires to purchase from Shareholder 1,000,000 shares of the
issued and outstanding shares of SYSTEMS owned by Shareholder in exchange solely
for 4,000,000 shares of TEAM's common stock ("Stock"); and

     WHEREAS, it is the intention of Shareholder to exchange the SYSTEMS Shares
held by it for Stock of TEAM, on the terms and conditions set forth herein; and

     WHEREAS, it is the intention of SYSTEMS, TEAM and Shareholder that the
transactions contemplated hereby constitute a tax-free "reorganization" as
defined in the Internal Revenue Code of 1986, as amended, and that all the terms
and provisions of this Agreement be interpreted, construed and enforced to
effectuate this intent.

     NOW THEREFORE in consideration of the foregoing and the mutual covenants,
promises, representations and warranties contained herein, the parties hereto
agree as follows:

                                    Article I

                                    EXCHANGE

     1.1 Exchange of Stock of TEAM. At the Closing Date (as defined in Article
VII hereof), in accordance with the provisions of this Agreement and

<PAGE>   2

applicable law, Shareholder shall transfer and TEAM shall acquire all of the
SYSTEMS' Shares owned by Shareholder.

                                   Article II

                                  CONSIDERATION

     2.1 Exchange. Shareholder and TEAM agree that all of the SYSTEMS' Shares
owned by Shareholder shall be exchanged with TEAM for 4,000,000 shares of Common
Stock. Such Stock shall be issued in certificates of such denominations, amounts
and names as may be requested by Shareholder.

     2.2 Investment Intent. Shareholder represents and warrants that it is
acquiring said shares for investment purposes only and not with a view towards
resale or redistribution in violation of state and federal securities laws.
Shareholder agrees to deliver to TEAM at the closing, or upon request, a letter
setting forth an agreement that said shares are being acquired for investment
purposes only and will not be sold except in compliance with the Securities Act
of 1933, as amended, and the Rules and Regulations promulgated thereunder.

     2.3 Delivery. At said closing, Shareholder shall deliver certificates for
the shares of SYSTEMS, duly endorsed in negotiable form, with signatures
guaranteed, free and clear from all claims and encumbrances.

                                   Article III

                     REPRESENTATIONS AND WARRANTIES OF TEAM

     TEAM represents and warrants to Shareholder as follows:

     3.1 Organization. TEAM is a corporation duly incorporated, validly existing
and, at the closing, in good standing under the laws of the State of Delaware
and has the corporate power and authority to own or lease its properties and to
carry on business as now being conducted.

     3.2 Capitalization. As of the date hereof, the authorized capital stock of
TEAM consists of 75,000,000 shares of $.0001 par value common stock, of which
10,499,032 are issued and outstanding. All said shares are validly issued, fully
paid and non-assessable. As of the closing date, the authorized capital stock of
TEAM shall consistent of 75,000,000 shares of $.0001 par value common stock, of
which approximately 209,981 shares shall be issued and outstanding, prior to the
sale and issuance of 4,000,000 shares pursuant to the Rule 504 offering under
Regulation D under the exemptions from registration pursuant to the Securities
Act of 1933, as amended. Giving effect to the reverse stock split and the sale
and issuance aforesaid, the authorized capital stock of TEAM shall consist of
not to exceed 4,209,981 shares.

     3.3 Financial Statements. TEAM has furnished to Shareholder audited
financial statements as of August 31, 2000. Said financial statements contain
the balance sheet of TEAM. All of said financial statements, (i) are in
accordance with TEAM's books and records, (ii) present fairly and financial
position of TEAM as of such dates, and its results of operations

                                       2
<PAGE>   3

and changes in financial position for the respective periods indicated, (iii)
have been prepared in conformity with generally accepted accounting principles
applied on a consistent basis, and (iv) consistent with prior business practice,
contain adequate reserves for all known or contingent liabilities, losses and
refunds with respect to services or products already rendered or sold.

     3.4 Changes in Financial Condition. Except as it relates to the
transactions contemplated by this Agreement, from the date of the Financial
Statements to the Closing Date, there has been no material change in the
properties, assets, liabilities, financial condition, business, operations,
affairs or prospects of TEAM from that set forth or reflected in the Financial
Statements, other than changes in the ordinary course of business, none of which
have been, either in any case or in the aggregate, materially adverse.

     3.5 Authorization. TEAM has the power to enter into this Agreement, and
this Agreement, when duly executed and delivered, will constitute the valid and
binding obligation of TEAM. Other than approval by the Board of Directors and/or
shareholders of TEAM, no proceedings are necessary to authorize this Agreement
or the transactions completed hereby. This Agreement constitutes the legal,
valid and binding obligation of TEAM enforceable in accordance with its terms.

     3.6 Effect of Agreement. The execution and delivery by TEAM of this
Agreement and the consummation of the transactions herein contemplated, (i) will
not conflict with, or result in a breach of the terms of, or constitute any
default under or violation of, any law or regulation of any governmental
authority, or the Articles of Incorporation or By-Laws of TEAM, or any material
agreement or instrument to which TEAM is a party or by which it is bound or is
subject; (ii) nor will it give to others any interest or rights, including
rights of termination, acceleration or cancellation, in or with respect to any
of the properties, assets, agreements, leases, or business of TEAM.

     3.7 Minutes Book. The records of meetings and other corporate actions of
TEAM (including any committees of the Board) which are contained in the Minute
books of TEAM contain complete and accurate records of the matters reflected in
such minutes.

     3.8 Litigation; Claims. TEAM is not a party to, and there are not any
claims, actions, suits, investigations or proceedings pending or threatened
against TEAM or its business, at law or in equity, or before or by any
governmental department, commission, board, bureau, agency, or instrumentality,
domestic or foreign, which if determined adversely would have a material effect
on the business or financial condition of TEAM or the ability of TEAM to carry
on its business. The consummation of the transactions herein contemplated will
not conflict with or result in the breach or violation of any judgement, order,
writ, injunction or decree of any court or governmental department, commission,
board, bureau, agency or instrumentality, domestic or foreign.

     3.9 Taxes and Reports. At the Closing Date, TEAM (i) will have filed all
tax returns required to be filed by any jurisdiction, domestic or foreign, to
which it is or has been subject, (ii) has either paid in full all taxes due and
taxes claimed to be due by each jurisdiction, and any interest and penalties
with respect thereto, and (iii) has adequately reflected as

                                       3
<PAGE>   4

liabilities on its books, all taxes that have accrued for any period to and
including the Closing Date.

     3.10 Compliance with Laws and Regulations. To the best of TEAM's knowledge
TEAM has complied with, and are not in violation of any federal, state, local or
foreign statute, law, rule or regulation with respect to the conduct of TEAM's
businesses.

     3.11 Finders. TEAM is not obligated, absolutely or contingently, to any
person for financial advice, a finder's fee, brokerage commission, or other
similar payment in connection with the transactions contemplated by this
Agreement.

     3.12 Nature of Representations. TEAM has taken reasonable care to ensure
that all disclosures and facts are true and accurate, and that there are no
other material facts, the omission of which would make misleading any statement
herein. Further, to the best of TEAM's knowledge, no representation, warranty or
agreement made by TEAM in this agreement or any of the Schedules or any other
Exhibits hereto and no statement made in the Schedules or any such Exhibit,
list, certificate or schedule or other instrument or disclosure furnished by
them in connection with the transactions herein contemplated contains, or will
contain, any untrue statement of a material fact necessary to make any
statement, representation, warranty or agreement not misleading.

                                   Article IV

         REPRESENTATIONS AND WARRANTIES OF SYSTEMS, TLC AND SHAREHOLDER

     SYSTEMS, TLC and Shareholder, and each of them, represent and warrant to
TEAM as follows:

     4.1 Organization. TLC is a corporation duly incorporated, validly existing
and, at the closing, in good standing under the laws of the State of Colorado
has the corporate power and authority to own or lease its properties and to
carry on business as now being conducted. SYSTEMS is a corporation duly
incorporated, validly existing and, at the closing, in good standing under the
laws of the State of Nevada has the corporate power and authority to own or
lease its properties and to carry on business as now being conducted.

     4.2 Capitalization. The authorized capital stock of TLC consists of two
classes of shares of stock, the total number of shares authorized is 20,000,000
shares of $1.00 par value Common Stock of which 4,377,618 are presently issued
and outstanding and 1,000,000 shares of preferred stock of which have not been
issued. Except for options to acquire not to exceed 165,567 shares of Common
Stock, there are no outstanding options, warrants, rights, commitments or
agreements of any kind relating to the issuance of any shares or other equity or
convertible security of TLC to any person. Except for options to acquire not to
exceed 165,567 shares of Common Stock, none of the shares of TLC is reserved for
any purpose. TLC is not subject to any obligation (contingent or otherwise), nor
does it have any option to repurchase or otherwise acquire or retire any shares,
except as may be set forth in that certain Stock Investment Agreement with
Conditional Promissory Note of July 13, 2000. The authorized capital stock of
SYSTEMS consists of one class of common stock, the total number of shares
authorized is

                                       4
<PAGE>   5

100,000,000 shares of $.01 par value common stock of which 1,000,000 are
presently issued and outstanding. All said shares are validly issued, fully paid
and non-assessable. There are no outstanding options, warrants, rights,
commitments or agreements of any kind relating to the issuance of any shares or
other equity or convertible security of SYSTEMS to any person.

     4.3 Authority. TLC and SYSTEMS have the full power and authority to enter
into this Agreement and to carry out its obligations hereunder. Other than
approval by the Board of Directors and/or shareholders of Shareholder, no
proceedings on the part of Shareholder and SYSTEMS are necessary to authorize
this Agreement or the transactions completed hereby. This Agreement constitutes
the legal, valid and binding obligation of SYSTEMS, TLC and Shareholder
enforceable in accordance with its terms.

     4.4 Financial Statements. Shareholder and SYSTEMS have furnished to TEAM
unaudited financial statements as of August 31, 2000 (the "Financial
Statements). Said Financial Statements contain the balance sheet of TLC. All of
said Financial Statements, (i) are in accordance with SYSTEMS' or TLC's books
and records, (ii) present fairly and financial position of SYSTEMS or
Shareholder as of such dates, and its results of operations and changes in
financial position for the respective periods indicated, (iii) have been
prepared in conformity with generally accepted accounting principles applied on
a consistent basis, and (iv) consistent with prior business practice, contain
adequate reserves for all known or contingent liabilities, losses and refunds
with respect to services or products already rendered or sold.

     4.5 Changes in Financial Condition. From the date of the Financial
Statements to the Closing Date, there has been no material change in the
properties, assets, liabilities, financial condition, business, operations,
affairs or prospects of SYSTEMS or TLC from that set forth or reflected in the
Financial Statements, other than changes in the ordinary course of business,
none of which have been, either in any case or in the aggregate, materially
adverse.

     4.6 Title to Assets. SYSTEMS and TLC has and on the Closing date will have
good record and marketable title to all its assets. Such assets are subject to
no mortgage, pledge, lien, conditional sales agreement, lease, encumbrance or
charge whatsoever.

     4.7 All Patent/License Rights. To the best of its knowledge, TLC owns or
possesses the requisite licenses or other rights to use all licenses, patents,
trademarks, service marks, service names and trade names presently used. There
is no claim or action by any person, or proceeding pending, or threatened which
challenges the exclusive rights of TLC with respect to said rights used, or
contemplated to be used, in TLC's business. Nothing herein contained have or
shall be deemed to constitute a representation or warranty that such licenses,
patents, trademarks, or trade names may not be utilized or challenged in the
future, and that they will be upheld if challenged.

     4.8 Contracts/Other Rights. Prior to the closing, SYSTEMS and TLC will
furnish TEAM with a true and complete list and description of all material
contracts and licenses entered into by TLC (the "Contracts"), including any
contracts, licenses by and between SYSTEMS, TLC and Shareholder, between them
and with others. Each of the agreements, contract, commitments, leases, plans
and other instruments, documents and undertakings to be supplied is valid and
enforceable in accordance with its terms. TLC is

                                       5
<PAGE>   6

not in default of the performance, observance or fulfillment of any material
obligations, covenant or condition contained therein; and no event has occurred
which with or without the giving of notice or lapse of time, or both, would
constitute a default thereunder; furthermore, except as may be disclosed in
writing at the time of delivery, no such agreement, contract, commitment, lease,
plan or other instrument, document or undertaking, in the reasonable opinion of
TLC, contains any contractual requirement with which there is a likelihood TLC
will be unable to comply.

     4.9 Competition. Except as set forth in the Contracts described in 4.8
above, neither SYSTEMS and TLC, or either, nor any officer or director or
shareholder of TLC has any material direct or indirect financial or economic
interest in any related industry entity or in any competition or customer of
TLC.

     4.10 Effect of Agreement. The execution and delivery by SYSTEMS, TLC and
Shareholder of this Agreement and the consummation of the transactions herein
contemplated, (i) will not conflict with, or result in a breach of the terms of,
or constitute a default under or violation of, any law or regulation of any
governmental authority, or the Articles of Incorporation or By-Laws of SYSTEMS
and TLC, or any material agreement or instrument to which SYSTEMS or TLC or
Shareholder is give to rise to any interests or rights, including rights of
termination, acceleration or cancellation, in or with respect to any of the
properties, assets, agreements, leases, or business of TLC.

     4.11 Personal Property. All of the property, assets and equipment owned by
or used by TLC is in good repair, well maintained, and in good and satisfactory
operating condition consistent with their age, free from any known defects,
except such minor defects as to not substantially interfere with the continued
use thereof in the conduct of normal operations and such property, assets, and
equipment which is owned by TLC is valued on the Financial Statements at
original purchase price less reasonable depreciation consistently applied in
accordance with generally accepted accounting principles.

     4.12 Minutes Book. The records of meetings and other corporate actions of
SYSTEMS and the Board of Directors (including any committees of the Board) of
SYSTEMS and TLC which are contained in the Minute books of SYSTEMS and TLC
contain complete and accurate records of the matters reflected in such minutes.

     4.13 Litigation; Claims. Neither SYSTEMS nor TLC is a party to, and there
are not any claims, actions, suits, investigations or proceedings pending or
threatened against TLC or its business, at law or in equity, or before or by any
governmental department, commission, board, bureau, agency, or instrumentality,
domestic or foreign, which if determined adversely would have a material effect
on the business or financial condition of TLC or the ability of TLC to carry on
its business. The consummation of the transactions herein contemplated will not
conflict with or result in the breach or violation of any judgment, order, writ,
injunction or decree of any court or governmental department, commission, board,
bureau, agency or instrumentality, domestic or foreign.

     4.14 Taxes and Reports. At the Closing Date, SYSTEMS and TLC (i) will have
filed all tax returns required to be filed by any jurisdiction, domestic or
foreign, to which it is or has been subject, (ii) has either paid

                                       6
<PAGE>   7

in full all taxes due and taxes claimed to be due by each jurisdiction, and any
interest and penalties with respect thereto, and (iii) has adequately reflected
as liabilities on its books, all taxes that have accrued for any period to and
including the Closing Date. No state of facts exists or has existed which would
constitute grounds for the assessment of any taxes with respect to the periods
which have not been audited by the Internal Revenue Service or any other taxing
authority. There are no outstanding tax elections, or agreements or waivers
extending the statutory period of limitation, applicable to any federal or state
return for taxes of SYSTEMS and TLC for any period.

     4.15 Personnel. Included in the corporate records described, in part, in
4.12, is a true and correct list of all directors, officers and employees of
SYSTEMS and TLC. There are no bonuses, commissions or other compensation of any
kind due to, or expected by, present or former employees, except regular
compensation for the current payroll period; TLC is not aware that any officer
or employee has any intention to terminate his or her employment with SYSTEMS
and TLC; and SYSTEMS and TLC is not a party to or bound by any employment
agreement, or collective bargaining or other labor agreement.

     4.16 Compliance with Laws and Regulations. To the best of their knowledge,
SYSTEMS and TLC have complied with, and are not in violation of any federal,
state, local or foreign statute, law, rule or regulation with respect to the
conduct of TLC's businesses, which violation might have a material adverse
effect on the business, financial condition or earnings of SYSTEMS and TLC.

     4.17 Finders. SYSTEMS and TLC, and each of them, are not obligated,
absolutely or contingently, to any person for financial advice, a finder's fee,
brokerage commission, or other similar payment in connection with the
transactions contemplated by this Agreement.

     4.18 Leases. Prior to the closing, SYSTEMS and TLC will furnish TEAM with
true and complete list and description of all leases of real property and
equipment by and between TLC and the lessees. Each of said leases are valid and
enforceable in accordance with its terms.

     4.19 Nature of Representation. SYSTEMS and TLC have taken reasonable care
to ensure that all disclosures and facts are true and accurate and that there
are no other material facts, the omission of which would make misleading any
statement herein. Further, no representation, warranty or agreement made by TLC
and SYSTEMS in this Agreement or any of the Schedules or any other Exhibits
hereto and no statement made in the Schedules or any such Exhibit, list,
certificate or schedule or other instrument or disclosure furnished by them in
connection with the transactions herein contemplated contains, or will contain,
any untrue statement of a material fact necessary to make any statement,
representation, warranty or agreement not misleading.

                                    Article V

                              ACCESS TO INFORMATION

     5.1 Access to Information. SYSTEMS and TLC shall afford representatives of
TEAM reasonable access to officers, personnel, and professional representatives
of SYSTEMS and TLC and such of the financial,

                                       7
<PAGE>   8

contractual and corporate records of SYSTEMS and TLC as shall be reasonably
necessary for TEAM's investigations and appraisal of SYSTEMS and TLC.

     5.2 Effect of Investigations. Any such investigation by TEAM of SYSTEMS and
TLC shall not affect any of the representations and warranties hereunder and
shall not be conducted in such manner as to interfere unreasonably with the
operation of the business of TLC.

                                   Article VI

                        CONDITIONS TO OBLIGATIONS OF TEAM

     The obligations of TEAM under this Agreement are, at the option of TEAM,
subject to the satisfaction, at and prior to the Closing Date, of the following
conditions:

     6.1 Fulfillment of Covenants. All the terms, covenants and conditions of
this Agreement to be complied with and performed by SYSTEMS and TLC at or before
the Closing Date shall have been duly complied with and performed.

     6.2 Accuracy of Representations and Warranties; Other, Documents. All of
the representations and warranties made by all parties to this Agreement shall
be true as of the Closing Date.

     6.3 No Litigation. There shall be no action, proceeding, investigation or
pending or actual litigation the purpose of which is to enjoin or may be to
enjoin the transactions contemplated by this Agreement or which would have the
effect, if successful, of imposing a material liability upon SYSTEMS and TLC, or
any of the officers or directors thereof, because of this consummation of the
transactions contemplated by this Agreement.

                                   Article VII

                    CONDITIONS TO OBLIGATIONS OF SHAREHOLDER

     The obligations of Shareholder under this Agreement are, at the option of
Shareholder, subject to the satisfaction,, at and prior to the Closing Date, of
the following conditions:

     7.1 Fulfillment of Covenants. All the terms, covenants and conditions of
this Agreement to be complied with and performed by TEAM at or before the
Closing Date shall have been duly complied with and performed.

     7.2 Accuracy of Representations and Warranties; Other Documents. All of the
representations and warranties made by all parties to this Agreement shall be
true as of the Closing Date.

     7.3 No Litigation. There shall be no action, proceeding, investigation or
pending or actual litigation the purpose of which is to enjoin or may be to
enjoin the transactions contemplated by this Agreement or which would have the
effect, if successful, of imposing a material liability upon TEAM, or any of the
officers or directors thereof, because of the consummation of the transactions
contemplated by this Agreement.

                                       8

<PAGE>   9

                                   Article VII

                                     CLOSING

     8.1 Closing Date. The consummation of the exchange shall take place on
October 11, 2000, 1:45 p.m., at the offices of SYSTEMS, 1900 Avenue of the
Stars, Suite 1635, Los Angeles, California 90067, or such other time or place as
shall be mutually agreed upon by the parties to this Agreement.

     8.2 Actions to be Taken by Parties on the Closing Date. On the Closing
Date, each party shall deliver to the other all documents or agreements provided
or herein to be delivered on the Closing Date.

     8.3 Other. Between the date hereof and the Closing Date, SYSTEMS and
Shareholder will take no actions, other than those reasonably required to
consummate a closing, without the prior written consent of TEAM.

                                   Article IX

                         INDEMNIFICATION AND ARBITRATION

     9.1 Indemnification. Each of the parties agree to indemnify and hold
harmless the other against any and all damages, claims, losses, expenses,
obligations and liabilities (including reasonable attorney's fees) resulting
from or related to any breach of, or failure by each of the parties to perform
any of their representations, warranties, covenants, conditions or agreements in
this Agreement or in any schedule, certificate, exhibit or other document
furnished, or to be furnished under this Agreement.

     9.2 Claims of Indemnification. Any claim for indemnification pursuant to
this Agreement, unless otherwise received by means of direct negotiation among
the parties upon reasonable oral notification by the party seeking
indemnification to all other parties, shall be made by writing of the nature and
amount of the claim to the other.

                                   Article X

                              PAYMENT OF EXPENSES

     10.1 Expenses. Each party shall bear its own expenses relating to this
transaction.

                                   Article XI

                   SURVIVAL OF REPRESENTATIONS AND WARRANTIES

     11.1 Survival. All statements contained in the Schedules, any Exhibit or
other instrument delivered by or on behalf of the parties hereto or in
connection with the transactions contemplated by this Agreement shall be deemed
to be representations made by or on behalf of the parties to this Agreement, all
representations, warranties and agreements made by the parties to this Agreement
or pursuant hereto shall survive.

                                       9
<PAGE>   10

                                   Article XII

                                     General

     12.1 Partial Invalidity. If any term or provision of this Agreement or the
application thereof to any person or circumstances shall, to any extent, be
invalid or unenforceable" the remainder of this Agreement or the application of
such term or provision to persons or circumstances other than those to which it
is held invalid or unenforceable, shall not be affected thereby, and each such
term and provision of this Agreement shall be valid and be enforced to the
fullest extent permitted by law.

     12.2 Waiver. No waiver of any breach of any covenant or provision herein
contained shall be deemed a waiver of any preceding or succeeding breach
thereof, or of any other covenant or provision herein contained. No extension of
time for performance of any obligation or act shall be deemed and extension of
the time for performance of any other obligation or act.

     12.3 Notices. All notices or other communications required or permitted
hereunder shall be in writing, and shall be sent by registered or certified
mail, postage prepaid, return receipt requested, and shall be deemed received
upon mailing thereof.

                           To:  TEAM LABS SYSTEMS GROUP, INC.
                                6380 Wilshire Boulevard
                                Suite 907
                                Los Angeles, CA 90048

                           To:  TEAM LABS CORPORATION
                                6859 North Foothills Highway
                                Building D200
                                Boulder, CO 80302

                           To:  TEAM LABS SYSTEMS, INC.
                                1900 Avenue of the Stars
                                Suite 1635
                                Los Angeles, CA 90067

                           To:  Shareholder
                                (addresses listed in shareholders register)

     Notice of change of address shall be given by written notice in the manner
detailed in this subparagraph 12.3.

     12.4 Successors and Assigns. This Agreement shall be binding upon and shall
inure to the benefit of the permitted successors and assigns of the parties
hereto.

     12.5 Professional Fees. In the event of the bringing of any action or suit
by a party hereto against another party hereunder by reason of any breach of any
of the covenants, agreements or provisions on the part of the other party
arising out of this Agreement, then in that event the prevailing party shall be
entitled to have and recover of and from the other party all costs and expenses
of the action or suit, including actual attorney's fees, accounting fees, and
other professional fees resulting therefrom.

                                       10
<PAGE>   11

     12.6 Entire Agreement. This Agreement is the final expression of, and
contains the entire agreement between, the parties with respect to the subject
matter hereof and supersedes all prior understandings with respect thereto. This
Agreement may not be modified, changed, supplemented or terminated, nor may any
obligations hereunder be waived, except by written instrument signed by the
party to be charged or by his agent duly authorized in writing or as otherwise
expressly permitted herein. The parties do not intend to confer any benefit
hereunder on any person, firm or corporation other than the parties hereto.

     12.7 Time of Essence. The parties hereby acknowledge and agree that time is
strictly of the essence with respect to each and every term, condition,
obligation and provision hereof and that failure to timely perform any of the
terms, conditions, obligations or provisions hereof by either party shall
constitute a material breach of and non-curable (but waivable) default under
this Agreement by the party so failing to perform.

     12.8 Construction. Headings at the beginning of each paragraph are solely
for the convenience of the parties and are not a part of the Agreement. Whenever
required by the context of this Agreement, the singular shall include the plural
and the masculine shall include the feminine. This Agreement shall not be
construed as if it had been prepared by one of the parties, but rather as if
both parties had prepared the same. Unless otherwise indicated, all references
to paragraphs and subparagraphs are to this Agreement. In the event the date on
which any party is required to take any action under the terms of this Agreement
is not a business day, the action shall be taken on the next succeeding day.

     12.9 Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be an original and all of which taken together
shall constitute one instrument.

     12.10 Governing Law. The parties hereto expressly agree that this Agreement
shall be governed by, interpreted under, and construed and enforced in
accordance with the laws of the State of California.

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement in
California.

Dated: October 1, 2000             TEAM LABS CORPORATION

                                   By:
                                       --------------------------------
                                       John Staarmann
                                       President

Dated: October 1, 2000             TEAM LABS SYSTEMS GROUP, INC.

                                   By:
                                       --------------------------------
                                        Roy Rayo
                                        Director, duly authorized

                                       11
<PAGE>   12

                                   TEAM LABS SYSTEMS, INC.

Dated: October 1, 2000             By:
                                       --------------------------------
                                        Claudine O. Montenegro
                                        Secretary, duly authorized

Dated: October 1, 2000             SHAREHOLDERS

                                   By:
                                       --------------------------------
                                        Claudine O. Montenegro
                                        duly authorized

                                       12<PAGE>   1
<TABLE>
<CAPTION>
                                                                                                                        Exhibit 4(d)

<S>                                <C>                           <C>                                            <C>
ANCHOR NATIONAL                    NEW BUSINESS DOCUMENTS        overnight with checks:
LIFE INSURANCE COMPANY             with checks:                  BONPC
1 SunAmerica Center                P.O. Box 100330               1111 Arroyo Parkway
Los Angeles, CA 90067-6022         Pasadena, CA 91189-0001       Suite 150
                                                                 Lock Box 100330                         [LOGO] ANCHOR NATIONAL
WM                                 without checks:               Pasadena, CA 91105                             A SUNAMERICA COMPANY
DIVERSIFIED STRATEGIES             P.O. Box 54299
-----------------------------      Los Angeles, CA 90054-0299
COMMON SENSE. UNCOMMON SOLUTIONS.

------------------------------------------------------------------------------------------------------------------------------------
DEFERRED ANNUITY APPLICATION                                                                                       ANA-505OR (3/01)
DO NOT USE HIGHLIGHTER. Please print or type.

[A] OWNER
====================================================================================================================================

------------------------------------------------------------------------------------------------------------------------------------
LAST NAME                                           FIRST NAME                                      MIDDLE INITIAL

------------------------------------------------------------------------------------------------------------------------------------
STREET ADDRESS

------------------------------------------------------------------------------------------------------------------------------------
CITY                                                STATE                                           ZIP CODE

MO.       DAY       YR.                  [ ]M       [ ]F                                                           (    )
------------------------------           ---------------      ------------------------------                       ----------------
DATE OF BIRTH                                  SEX            SOC. SEC. OR TAX ID NUMBER                           TELEPHONE NUMBER

-----------------------------------------------------------------------------------------------------------------------------------
JOINT OWNER (If applicable)     LAST NAME                     FIRST NAME                                           MIDDLE INITIAL

MO.       DAY       YR.                  [ ]M       [ ]F                                                           (    )
------------------------------           ---------------      -------------------------------------------------    ----------------
DATE OF BIRTH                                  SEX            SOC. SEC. OR TAX ID NUMBER   RELATIONSHIP TO OWNER   TELEPHONE NUMBER

[B] ANNUITANT (Complete only if different from Owner)
====================================================================================================================================

-----------------------------------------------------------------------------------------------------------------------------------
LAST NAME                                           FIRST NAME                                      MIDDLE INITIAL

-----------------------------------------------------------------------------------------------------------------------------------
STREET ADDRESS

-----------------------------------------------------------------------------------------------------------------------------------
CITY                                                STATE                                           ZIP CODE

MO.       DAY       YR.                  [ ]M       [ ]F                                                           (    )
------------------------------           ---------------      ------------------------------                       ----------------
DATE OF BIRTH                                  SEX            SOC. SEC. OR TAX ID NUMBER                           TELEPHONE NUMBER

-----------------------------------------------------------------------------------------------------------------------------------
JOINT ANNUITANT (If applicable)     LAST NAME                     FIRST NAME                                       MIDDLE INITIAL

MO.       DAY       YR.                  [ ]M       [ ]F                                                           (    )
------------------------------           ---------------      -------------------------------------------------    ----------------
DATE OF BIRTH                                  SEX            SOC. SEC. OR TAX ID NUMBER                           TELEPHONE NUMBER

                                                                                                              RELATIONSHIP TO OWNER

[C] BENEFICIARY (Please list additional beneficiaries, if any, in the special instructions section.)
===================================================================================================================================

(*)  IMPORTANT NOTE TO JOINT OWNERS: THE DEATH OF ANY JOINT OWNER TRIGGERS A BENEFIT PAYABLE TO THE BENEFICIARY DESIGNATED BELOW. IF
     YOU WISH THE SURVIVING JOINT OWNER TO RECEIVE THE BENEFIT YOU MUST DESIGNATE ACCORDINGLY BELOW.

                                      ---------------------------------------------------------------------------------------------
[X] PRIMARY                           LAST NAME             FIRST NAME             M.I.     RELATIONSHIP           PERCENTAGE

                                      ---------------------------------------------------------------------------------------------
[ ] PRIMARY      [ ] CONTINGENT       LAST NAME             FIRST NAME             M.I.     RELATIONSHIP           PERCENTAGE

                                      ---------------------------------------------------------------------------------------------
[ ] PRIMARY      [ ] CONTINGENT       LAST NAME             FIRST NAME             M.I.     RELATIONSHIP           PERCENTAGE
</TABLE>

                                      OVER
<PAGE>   2

<TABLE>
<CAPTION>
<S>                            <C>                           <C>                                             <C>
-----------------------------------------------------------------------------------------------------------------------------------
DEFERRED ANNUITY APPLICATION                                                                                ANA-505OR (3/01) SIDE 2
-----------------------------------------------------------------------------------------------------------------------------------

[D] TYPE OF CONTRACT (If this is a transfer or 1035 Exchange, please complete form (SA-2500RL) and submit it with this application.)
====================================================================================================================================

[ ] NON-QUALIFIED PLAN (Minimum $5,000)                           [ ] QUALIFIED PLANS (Minimum $2,000)
                                             [ ] IRA (tax year) ________________ )   [ ] IRA Transfer
                                             [ ] IRA Rollover     [ ] Roth IRA       [ ] 401(k)    [ ] Keogh        [ ] SEP
                                             [ ] TSA              [ ] 457            [ ] Other ______________________

         [ ] Check included with this application for $ _______________________________________________

[E] ANNUITY DATE
====================================================================================================================================

Date annuity payments ("income payments") begin. Must be at least 2 years after the Contract Date. Maximum annuitization age is the
later of the Owner's age 90 or 10 years after Contract Date. NOTE: If left blank, the Annuity Date will default to the maximum for
non-qualified and to 70 1/2 for qualified contracts.

         Month__________________________________  Day_____________________________________     Year__________________________

[F] SPECIAL FEATURES (Optional)
====================================================================================================================================
[ ] SYSTEMATIC WITHDRAWAL: Include Form Number (SA-5550SW) with this application.
[ ] OPTIONAL DEATH BENEFIT ELECTION: Include Form Number (DS-2220POS) with this application.
[ ] PRINCIPAL ADVANTAGE: Check the appropriate fixed account below and specify the other allocations as percentages in section I.
    [ ] 1 Year Fixed
[ ] AUTOMATIC ASSET REBALANCING: I request the accounts to be REBALANCED as designated in section I at the frequency
    initialed below:
    (Select only one)       NA   Monthly             Quarterly            Semi-Annually            Annually
                         -------            --------             --------                 --------

[G] TELEPHONE TRANSFERS AUTHORIZATION
====================================================================================================================================

I [ ] DO [ ] DO NOT authorize telephone transfers, subject to the conditions set forth below. If no election is made, the Company
will assume that you do authorize telephone transfers.

I authorize the Company to accept telephone instructions for transfers in any amount among investment options from anyone providing
proper identification. I understand that I bear the risk of loss in the event of a telephone instruction not authorized by me. The
Company will not be responsible for any losses resulting from unauthorized transactions if it follows reasonable procedures designed
to verify the identity of the requestor and therefore, the Company will record telephone conversations containing transaction
instructions, request personal identification information before acting upon telephone instructions and send written confirmation
statements of transactions to the address of record.

[H] ADDITIONAL INSTRUCTIONS (Additional Beneficiaries, Transfer Company Information, etc.)
====================================================================================================================================

-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>   3

<TABLE>
<CAPTION>
<S>                            <C>                           <C>                                             <C>
-----------------------------------------------------------------------------------------------------------------------------------
DEFERRED ANNUITY APPLICATION                                                                                ANA-505OR (3/01) SIDE 3
-----------------------------------------------------------------------------------------------------------------------------------

[I] INVESTMENT & DCA INSTRUCTIONS (Allocations must be expressed in whole percentages and total allocation must equal 100%)
====================================================================================================================================

PAYMENT        DCA TARGET                                                             FIXED ACCOUNT OPTIONS
ALLOCATIONS    ALLOCATIONS        PORTFOLIO

                                                                  _______% 1 yr.
STRATEGIC ASSET MANAGEMENT PORTFOLIOS

_______%       _______%      WM Strategic Growth
                                                                  DCA OPTIONS AND PROGRAM(*)
_______%       _______%      WM Conservative Growth

_______%       _______%      WM Balanced                          _______% 6 Month DCA Account
                                                                           (Monthly DCA Only)
_______%       _______%      WM Conservative Balanced

_______%       _______%      WM Flexible Income                   _______% 1 yr. DCA Account

                                                                  Frequency (Select one below)
EQUITY FUNDS                                                      [ ] Monthly   [ ] Quarterly

_______%       _______%      WM Equity Income                     (*)  The DCA Program will begin 30 days (if monthly) or 90 days
                                                                       (if quarterly) from the date of deposit. Please indicate
_______%       _______%      WM Growth & Income                        the target account(s) in the spaces provided to the left.
                                                                       The total must equal 100%. The minimum transfer amount is
                                                                       $100. We reserve the right to adjust the number of
_______%       _______%      Davis Venture Value                       transfers in order to meet the minimum transfer amount.

_______%       _______%      WM Growth Fund of the Northwest

_______%       _______%      Alliance Growth

_______%       _______%      WM Growth

_______%       _______%      Capital Appreciation

_______%       _______%      MFS Mid-Cap Growth

_______%       _______%      WM Mid Cap Stock

_______%       _______%      WM Small Cap Stock

_______%       _______%      Global Equities

_______%       _______%      WM International Growth

_______%       _______%      Technology

FIXED INCOME FUNDS

_______%       _______%      WM Money Market

_______%       _______%      WM Short Term Income

_______%       _______%      WM U.S. Government Securities

_______%       _______%      WM Income
</TABLE>

                                      OVER
<PAGE>   4

<TABLE>
<CAPTION>
<S>                            <C>                           <C>                                             <C>
-----------------------------------------------------------------------------------------------------------------------------------
DEFERRED ANNUITY APPLICATION                                                                                ANA-505OR (3/01) SIDE 4
-----------------------------------------------------------------------------------------------------------------------------------

[J]  STATEMENT OF OWNER
====================================================================================================================================

Will this Contract replace an existing life insurance or annuity contract? [ ] YES [ ] NO (If yes, please attach transfer forms,
replacement forms and indicate the name and contract number of the issuing company below.)

---------------------------------------------------------------------------------------------------        ------------------------
COMPANY NAME                                                                                               CONTRACT NUMBER

I hereby represent my answers to the above questions to be correct and true to the best of my knowledge and belief and agree that
this Deferred Annuity Application Form shall be a part of any Contract issued by the Company. I VERIFY MY UNDERSTANDING THAT THE
VALUE OF PURCHASE PAYMENTS DIRECTED INTO THE VARIABLE INVESTMENT OPTIONS ARE VARIABLE AND NOT GUARANTEED AS TO DOLLAR AMOUNT. IF THE
RETURN OF PURCHASE PAYMENTS IS REQUIRED UNDER THE RIGHT TO EXAMINE PROVISION OF THE CONTRACT, I UNDERSTAND THAT THE COMPANY RESERVES
THE RIGHT TO ALLOCATE MY PURCHASE PAYMENT(S) TO THE CASH MANAGEMENT PORTFOLIO UNTIL THE END OF THE RIGHT TO EXAMINE PERIOD. I
FURTHER UNDERSTAND THAT AT THE END OF THE RIGHT TO EXAMINE PERIOD, THE COMPANY WILL ALLOCATE MY FUNDS ACCORDING TO MY INVESTMENT
INSTRUCTIONS. I ACKNOWLEDGE RECEIPT OF THE CURRENT PROSPECTUSES FOR DIVERSIFIED STRATEGIES, INCLUDING THE SUNAMERICA SERIES TRUST,
ANCHOR SERIES TRUST AND WM VARIABLE TRUST PROSPECTUSES. I HAVE READ THEM CAREFULLY AND UNDERSTAND THEIR CONTENTS. I FURTHER VERIFY
MY UNDERSTANDING THAT THIS VARIABLE ANNUITY IS SUITABLE TO MY OBJECTIVES AND NEEDS.

Signed at
          ----------------------------------------------------------------------------------              -------------------------
          CITY                                        STATE                                               DATE

-------------------------------------------------     -----------------------------------------------------------------------------
OWNER'S SIGNATURE                                     JOINT OWNER'S SIGNATURE (IF APPLICABLE)

-------------------------------------------------
REGISTERED REPRESENTATIVE'S SIGNATURE

[K] LICENSED / REGISTERED REPRESENTATIVE INFORMATION
====================================================================================================================================
Will this Contract replace in whole or in part any existing life insurance or annuity contract?    [ ] YES    [ ] NO

---------------------------------------------------------------------------------------------------       -------------------------
PRINTED NAME OF REGISTERED REPRESENTATIVE                                                                 SOCIAL SECURITY NUMBER

-----------------------------------------------------------------------------------------------------------------------------------
REPRESENTATIVE'S STREET ADDRESS                    CITY                         STATE                     ZIP

                                                   (    )
--------------------------------------------       ------------------------------------------------       ------------------------
BROKER / DEALER FIRM NAME                          REPRESENTATIVE'S PHONE NUMBER                          AGENT'S LICENSE ID NUMBER

-----------------------------------------------------------------------------------------------------------------------------------
 For Office Use Only                                                   Account #:
 WM Diversified Strategies / Product Code 6                            Branch #:
                                                                       Trade #:
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00026-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00026-of-00352.parquet"}]]