<DOCUMENT>
<TYPE>EX-99.(K)
<SEQUENCE>8
<FILENAME>v081245_subscriptionagmt.txt
<TEXT>

[COLBENT LOGO]

                             The Colbent Corporation
                               -General Proposal-

A. Fees for Services*

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  Fee                           Service Provided
  ---                           ----------------
--------------------------------------------------------------------------------
$5000.00           Project Management Fee
================================================================================
$1.00              Per subscription form generated
================================================================================
$1.00              Per replacement forms/fulfillment
================================================================================
$0.25 and up       Mailing of Subscription forms (depending on the number of
                   enclosures)
================================================================================
$6.00              Per subscription form processed (registered and beneficial)
================================================================================
$6.50              Per defective subscription form received
================================================================================
$3.00              Per notice of guaranteed delivery received via fax
================================================================================
$1.50              Per sale of right (if applicable)
================================================================================
$2.00              Per invoice mailed (if applicable)
================================================================================
$0.75              Per refund check issued and mailed (if applicable)
================================================================================
$3.00              Per solicitation check processed and mailed (if applicable)
================================================================================
$750.00            Per Pro-ration (if applicable)
================================================================================
$1500.00           Per offer extension
================================================================================
$5000.00           Minimum charge should the project be cancelled for any reason
                   prior to the mailing of the subscription form
================================================================================
$500.00/month      DTCC connectivity fee
================================================================================
================================================================================

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o Excludes out-of-pocket expenses as described in Section C, "Items Not Covered"
<PAGE>

B.    Services Covered

      o     Designate an operational team to carry out Subscription Agent
            duties, including document review and execution of legal agreement,
            review of subscription forms and communication materials, project
            management and on-going project updates and reporting.
      o     Calculating Rights to be distributed to each shareholder and
            printing shareholder information on the subscription form.
      o     Issuing subscription forms, and causing forms to be mailed to
            registered shareholders.
      o     Tracking and reporting the number of exercises made, as required.
      o     Processing Rights received and exercised.
      o     Deposit participant checks daily and forward all participant funds
            to Fund at the end of the offering period.
      o     Providing receipt summation of checks received.
      o     Run a pro-ration against the file if the rights offering is
            oversubscribed.
      o     Interface with the Depository Trust Company (DTC).
      o     Issuing/ Printing (if applicable,) and mailing stock certificates
            and/or checks.
      o     Interfacing with the Information Agent.
      o     Calculating, issuing and mailing of proration and/or
            over-subscription checks if applicable.
      o     Calculating, issuing and mailing of solicitation checks if
            applicable.
      o     Interface with Transfer Agent - produce a create tape for all shares
            being issued.
      o     Produce and Report to IRS 1099B's (for the sale of rights) to
            registered shareholders at year end.

C.    Items Not Covered

      o     Items not specified in the "Services Covered" section set forth in
            this Agreement, including any services associated with new duties,
            legislation or regulatory fiat which become effective after the date
            of this Agreement (these will be provided on an appraisal basis)
      o     All out-of-pocket expenses such as telephone line charges,
            certificates, checks, postage, stationary, wire transfers and excess
            material disposal (these will be billed as incurred)
      o     Reasonable legal review fees if referred to outside counsel.
      o     Overtime charges assessed in the event of late delivery of material
            for mailings unless the target mail date is rescheduled.
      o     Additional programming to accommodate project specific requirements.

D.    Assumptions

      o     Proposal based upon document review and information known at this
            time about the transaction.
      o     Significant changes made in the term or requirements of this
            transaction could require modifications to this proposal.
      o     Proposal must be executed prior to the initial mailing.
      o     Company responsible for printing of materials (Rights Card,
            Prospectus and ancillary documents).
      o     Material to be mailed to shareholders must be received no less than
            five (5) business days prior to the start of the mailing project.
      o     Accrued interest in Deposit account will be used to offset bank
            fees. All remaining account interest will go back to the company.
<PAGE>

E.    Payment for Services

      o     The Project Management Fee will be rendered and payable upon the
            effective date of the transaction. An invoice for any out-of-pocket
            and per items fees realized will be rendered and payable on a
            monthly basis, except for postage expenses in excess of $5,000.00.
            Funds for such mailing expenses must be received one (1) business
            day prior to the scheduled mail date.


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

The Colbent Corporation

By:                                             By:
   ------------------------------                  -----------------------------
   Carmine C. Chirichiello


Title: President, The Colbent Corporation       Title:
      -----------------------------------             --------------------------


Date:                                           Date:
     ------------------------------                  ---------------------------
</TEXT>
</DOCUMENT>
