LINE OF CREDIT AGREEMENT dated as of August 10, 1999 (the Agreement) between the entities listed on
Exhibit A attached hereto (collectively referred to as the "Investor"), GMF HOLDINGS, (the "Finder") MAY
DAVIS GROUP, located at One World Trade Center, New York, New York, a corporation organized under
the laws of New York and (the "Company") Cyco.Net Inc., a corporation organized and existing under the laws
of the State of Nevada.
WHEREAS, the parties desire that, upon the terms and subject to the conditions contained herein, the Company
shall issue and sell to the Investor, from time to time as provided herein, and the Investor shall purchase up to
$890,000.00 of Debentures for a total purchase price of $890,000.00; and
WHEREAS, such investments will be made in reliance upon the provisions of Rule 504 Exemption of the
Securities Act of 1933, as amended, and the regulations promulgated thereunder (the "Securities Act"), and or
upon such other exemption from the registration requirements of the Securities Act as may be available with
respect to any or all of the investments in the Debentures to be made hereunder; and
NOW, THEREFORE, the parties hereto agree as follows:
Section 1.1 "Advance" shall mean each occasion the Company elects to exercise its right to tender an Advance
Notice requiring the Investor to advance funds to the Company, subject to the terms of this Agreement.
Section 1.2 "Advance Date" shall mean the date of an Advance by the Investor to the Company.
Section 1.3 "Advance Notice" shall mean a written notice to the Investor setting forth the Advance Amount that
the Company requests from the Investor and Compliance Certification from the Company as attached hereto as
Section 1.4 "Bid Price" shall mean the closing bid price (as reported by Bloomberg L.P.) of the Common Stock
on the Principal Market, provided that the Common Stock is traded on a Principal market.
Section 1.5 "Closing" shall mean one of the closings