Consulting Agreement



THIS AGREEMENT made as of September 1, 2002 between Veitia and Associates, Inc.,

of 220 Central Parkway, Suite 2060, Altamonte Springs, Florida 32701 (the

"Consultant") and International Assets Holding Corporation, of 220 Central

Parkway, Suite 2060, Altamonte Springs, Florida 32701 (the "Principal").



IN CONSIDERATION OF the mutual covenants, terms and agreements herein contained,

and for other good and valuable consideration, the receipt and sufficiency of

which is hereby acknowledged, the parties hereto hereby agree as follows:



1.   Services. The Consultant shall, during the Term (as defined below) provide

     services in the following areas (the "Services") to the Principal, at such

     times as the Principal may reasonably request: administration, sales and

     marketing, public relations and other matters requested by the Principal.



2.   Compensation. The Principal shall pay to the Consultant the sum of $1,000

     for each day of providing Services under this Agreement whether at the

     Principal's premises or elsewhere, or a proportionate share thereof for any

     period less than a day; provided, however, the amount payable by the

     Principal to the Consultant pursuant to this Agreement shall not exceed the

     sum of $140,000 in any twelve month period during the Term. For the

     purposes hereof, a day shall have eight (8) working hours. The Principal

     shall reimburse the Consultant for all reasonable expenses up to $60,000

     per annum and any other authorized in advance by the Principal and incurred

     in connection with this Agreement.



     The Consultant shall submit monthly invoices to the Principal for its

     compensation and related expenses during the preceding month. The Principal

     shall pay to the Consultant such invoices within thirty (30) days after

     receipt of the invoice accompanied by vouchers or receipts evidencing such

     expenses. The Consultant shall maintain complete and accurate accounting

     records, in a form in accordance with sound accounting practices, to

     substantiate its invoices hereunder. Such records shall include payroll

     records, job cards, attendance cards and job summaries. The Consultant

     shall retain such records for one year from the date of final payment under

     this Agreement. The Principal shall have access to such records for

     purposes of credit during normal business hours during the Term and during

     the period in which the Consultant is required to maintain such records as

     herein provided.



3.   Term. This Agreement shall commence on September 1, 2002 and shall remain

     in effect until August 31, 2005 (the "Term"), provided that the parties

     may, in writing, agree to extend the Term. Notwithstanding the foregoing,

     this Agreement may be terminated at any time at the option of one party,

     upon the failure of the other party to comply with the covenants, terms and

     agreements of this Agreement and upon notice of such failure to such other

     party.



     Upon any termination of this Agreement, the Consultant shall deliver to the

     Principal all written or descriptive matter which has been developed,

     maintained or copied by the Consultant in furtherance of this Agreement, or

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