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                                                           Exhibit No. 10(iv)(a)



                               FIRST AMENDMENT TO
                              EMPLOYMENT AGREEMENT


         This First Amendment to the Employment Agreement (this "Amendment"),
dated June 11 , 2001, is by and between FANZ ENTERPRISES, INC., a Delaware
corporation, (hereinafter referred to as the "Company") and MICHAEL J.
WURTSBAUGH, (hereinafter referred to as the "Employee").

         WHEREAS, the Company and the Employee entered into an Employment
Agreement, dated February 28, 2001 (the "Agreement"); and

         WHEREAS, the Company has been requested by the administrators of
various state securities agencies to revise the Agreement as a pre-condition to
approval of the Company's application for securities registration under the
Coordinated Equity Review program.

         NOW, THEREFORE, in consideration of the recitals and the mutual
promises and covenants herein contained and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereby agree to amend the Agreement as follows:

         A. Section 7(e) of the Agreement shall be revised, and hereby is
amended to read, as follows:

                  (e) TERMINATION WITHOUT CAUSE. The Board may terminate the
         Employee's employment hereunder at any time for any reason without
         Cause in which case the Employee shall be entitled to receive the then
         unpaid Salary that has accrued through the effective date of the
         termination and severance equal to the annual Salary in effect at the
         time of such Termination, over a severance period equal to one (1)
         year. All severance is to be paid in accordance with the Company's
         normal payroll practice. If the Employee is terminated without cause,
         the Employee will be eligible to continue his existing benefits, for
         the same cost and expense to the Employee as in effect immediately
         prior to such Termination, for the one (1) year severance period.

         B. All other provisions of the Agreement, not specifically addressed in
Section A above, shall remain in full force and effect.

         IN WITNESS WHEREOF, the parties hereto have hereunto affixed their
signatures as of this 11 day of June, 2001.


                                       FANZ ENTERPRISES, INC.


                                       By: /s/ Frederick L. McDonald, II
                                          ------------------------------
                                           Frederick L. McDonald, II
                                           President


                                          /s/ Michael J. Wurtsbaugh
                                          ------------------------------
                                          MICHAEL J. WURTSBAUGH