WHEREAS, Symons International Group, Inc.("SIG") and Goran Capital Inc.
("Goran") (collectively, SIG and Goran are referred to as the "Company")
consider it in SIG's best interests to employ Gregg Albacete ("You", "Your"or "Executive"), upon the terms and
conditions hereinafter set forth; and
WHEREAS, the Executive desires to be employed by SIG, upon the terms and conditions contained herein.
NOW, THEREFORE, in consideration of the covenants and agreements set forth below, the parties agree as
1.1 Term of Agreement. SIG agrees to employ Executive as Vice President and Chief Information Officer
effective as of January 26, 2000 and continuing until January 26, 2003 unless such employment is terminated
pursuant to Section 3 below; provided, however, that the term of this Agreement shall automatically be extended
without further action of either party for additional one (1) year periods thereafter unless the Company or
Executive gives written notice that it or he does not intend to extend this Agreement (the "Term").
1.2 Terms of Employment. During the Term, You agree to be a full-time employee of SIG serving in the position
of Vice President and Chief Information Officer of SIG and further agree to devote substantially all of Your
working time and attention to the business and affairs of SIG and, to the extent necessary to discharge the
responsibilities associated with Your position as Vice President and Chief Information Officer of SIG and to use
Your best efforts to perform faithfully and efficiently such responsibilities. Executive shall perform such duties and
responsibilities as may be determined from time to time by the Chief Executive Officer or Executive Vice
President of SIG, which duties shall be consistent with the position of Vice President and Chief Information
Officer of SIG, which shall grant Executive authority, responsibility, title and standing comparable to that of the
vice president and chief information officer of a stock