EXHIBIT 10(q)

                 THIRD AMENDMENT AND WAIVER TO CREDIT AGREEMENT


     THIRD AMENDMENT AND WAIVER TO CREDIT AGREEMENT, dated as of November 16,
2000, (this "Amendment and Waiver"), among BOUNDLESS TECHNOLOGIES, INC.
("Boundless Technologies"), BOUNDLESS MANUFACTURING SERVICES, INC. ("BMS";
collectively with Boundless Technologies, the "Co-Borrowers"), BOUNDLESS
ACQUISITION CORP. ("BAC") and BOUNDLESS CORPORATION ("BC" collectively, with
BAC, the "Guarantors") and THE CHASE MANHATTAN BANK, SILICON VALLEY BANK and
NATIONAL BANK OF CANADA (collectively, the "Banks") and THE CHASE MANHATTAN
BANK, as agent for the Banks (in such capacity, the "Administrative Agent").

                                    RECITALS:

     A. The Co-Borrowers, the Guarantors, the Banks and the Administrative Agent
are parties to that certain Second Amended and Restated Credit Agreement and
Guaranty, dated as of May 25, 2000, as amended by the Amendment and Waiver to
Credit, dated as of July 31, 2000 and the Second Amendment to Credit Agreement,
dated as of November 7, 2000 (as same may be further amended, restated,
supplemented and otherwise modified, from time to time, "Credit Agreement").

     B. The Co-Borrowers have requested that the Banks (a) amend certain
provisions of the Credit Agreement and (b) waive compliance with certain
provisions of the Credit Agreement, and the Banks have agreed to such amendments
and waivers subject to the terms and conditions of this Amendment and Waiver.

     C. Any capitalized terms used herein and not defined herein shall have the
meanings ascribed to such terms in the Credit Agreement.

     NOW, THEREFORE, the parties hereto agree as follows:

                                   ARTICLE 1.
                         AMENDMENTS TO CREDIT AGREEMENT

     The amendments set forth in this Amendment and Waiver shall be deemed to be
an amendment to the Credit Agreement and shall not be construed in any way as a
replacement or substitution therefor. All of the terms and provisions of this
Amendment and Waiver are hereby incorporated by reference into the Credit
Agreement as if such terms were set forth in full therein.

     Section 1.1 Section 1.01 of the Credit Agreement is hereby amended to add
the following new defined terms in their appropriate alphabetical order:

     "Blocked Account" shall have the meaning set forth in Section 15.01(a).

     "Co-Borrowers' Account" shall have the meaning set forth in Section 15.04.


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     "Customer" shall mean and include the account debtor or obligor with
     respect to any Account.

     "Lockbox" shall have the meaning set forth in Section 15.01(a).

     "Settlement Date" shall have the meaning set forth in Section 2.04.

     Section 1.2. Section 1.01 of the Credit Agreement is hereby further amended
by amending and restating the definition of "Borrowing Base" to provide in its
entirety as follows:

              "Borrowing Base" means an amount equal to the sum of (1) eighty
              percent (80%) of the face amount of all Eligible Accounts of the
              Revolving Credit Borrowers plus (2) the lesser of (a) (i) thirty
              percent (30%) of Eligible Inventory of the Co-Borrowers (other
              than Eligible Inventory which is described in clause (2)(a)(ii))
              plus (ii) fifty percent (50%) of BMS's Eligible Inventory which is
              the subject of the Supply Agreement or (b) $5,000,000; provided,
              that the Required Banks may increase or decrease such percentages
              and the foregoing inventory limitation, if, after review of each
              field audit of the Co-Borrowers' receivables, inventory and
              related books and records, the Required Banks determine that there
              has been a material change in the quality of the Co-Borrowers'
              inventory or receivables. Any such revision to advances rates or
              to the inventory limitation would become effective thirty (30)
              days after notice of such change is delivered to the Co-Borrowers,
              unless a Default or Event of Default is then existing, in which
              case such revision shall be effective immediately upon delivery of
              such notice. For purposes of determining the Borrowing Base
              Eligible Inventory will be valued in accordance with GAAP.
              Notwithstanding the foregoing, it is hereby acknowledged and
              agreed that the advance rates with respect to Eligible Accounts
              may be reduced at any time by the Administrative Agent in its
              reasonable discretion if a receivable dilution percentage in
              excess of eight (8%) percent is confirmed in any field examination
              conducted by or on behalf of the Administrative Agent and reserves
              may be reasonably established at any time by the Administrative
              Agent in its sole and reasonable discretion including, without
              limitation, reserves with respect to (x) exposure under foreign
              exchange contracts, hedging and other financial instruments and
              (y) collateral locations for which landlord waiver and consent
              agreements in form and substance satisfactory to the
              Administrative Agent have not been obtained.

     Section 1.3 Section 1.01 of the Credit Agreement is hereby further amended
by amending and restating the definition of "Eligible Account" to provide in its
entirety as follows:


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     "Eligible Account" means an Account owing to the Revolving Credit
Borrowers, or either of them, now existing or hereafter arising, which Account
met the following specifications at the time it came into existence and
continues to meet the same until it is collected in full:

     (1) Not more than ninety (90) days have elapsed since the invoice on such
Account was issued; the invoice on such Account was issued within thirty (30)
days after goods were sold or services rendered which generated the Account; the
Account is not more than ninety (90) days past due; and, not more than 50% of
all Accounts owing from the Account debt or on such Account are unpaid more than
90 days past their invoice date;

     (2) The Account arose from the outright sale of goods or from the
performance of services by a Co-Borrower; such goods have been received by the
Account debtor or the services rendered to such Account debtor, as applicable;
such Account is evidenced by such invoices, shipping documents, or other
instruments ordinarily used in the trade; and no return, rejection or
repossession has occurred, and such goods or services have been finally accepted
by the Account debtor without dispute;

     (3) The Account is not subject to any Lien, except a Lien in favor of the
Administrative Agent for the benefit of the Bank Parties; and the Account is
subject to a first priority perfected Lien in favor of the Administrative Agent
for the benefit of the Banks;

     (4) The Account is a valid and legally enforceable obligation of the
Account debtor and is not subject to credit, allowance, defense, offset,
counterclaim or adjustment by the Account debtor, other than any discount
allowed for prompt payment, except to the extent the aggregate maximum amount of
all of the foregoing have been deducted in determining the amount of such
Account for purposes of determining the Borrowing Base;

     (5) The Account arose in the ordinary course of business of a Co-Borrower,
and no notice of the bankruptcy, insolvency, failure, or suspension or
termination of business of the Account debtor has been received by the
Co-Borrowers, unless the Administrative Agent is satisfied that such Account is
a post-petition account and that such Account debtor is the subject of
debtor-in-possession financing;

     (6) The Account constitutes an "account" or "chattel paper" within the
meaning of the Uniform Commercial Code of the State in which the Account is
located;

     (7) (i) the Account debtor with respect to an Account has not asserted that
the Account, and the Co-Borrowers are not aware that the account, (x) arises out
of a bill and hold (unless the Administrative Agent shall have been provided
with a letter from the applicable Account Debtor confirming that such Account
debtor is obligated to pay for the goods even though not yet delivered to the
Account Debtor), consignment or progress billing arrangement or (y) is subject
to any set-off, contra, net-out contract, offset, deduction, dispute, credit,
counterclaim or other defense arising out of the transaction represented by the
Account or otherwise (provided, that any Account deemed ineligible pursuant to
this clause (7)(i)(y) shall only be ineligible to the extent of the applicable
set off, contra, offset, deduction, dispute, credit, counterclaim or other
defense) or (ii) if the Account debtor has not finally accepted the goods from
the sale out of which the Account arose, the Co-Borrowers are not aware that the
Account debtor has objected to its liability thereon or returned, rejected or
repossessed any such goods,


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except for complaints made and goods returned in the ordinary course of business
for which, in the case of goods returned, goods of equal or greater value have
been shipping in return;

     (8) The Account debtor is not an Affiliate of any Co-Borrower;

     (9) The Account debtor is not a supplier (or an Affiliate of a supplier) of
goods or services to the Co-Borrowers, unless such Account debtor has entered
into a written agreement with such Co-Borrower pursuant to which such Account
debtor or its Affiliate waives its right to assert any defense, offset,
counterclaim or adjustment with respect to its obligation to pay such Account,
provided that in the event that the Account due from an Account debtor is
greater than the amount payable by a Co-Borrower to such Account debtor the
Administrative Agent may, in its sole discretion, require a reserve for the
difference thereof;

     (10) The Account otherwise conforms to all representations, warranties and
other provisions of this Agreement and the Security Agreement;

     (11) The Account debtor is not a Governmental Authority, unless the
applicable Co-Borrower duly assigns its rights to payment of such Account to the
Administrative Agent for the benefit of the Banks pursuant to the Assignment of
Claims Act of 1940, as amended, which assignment and related documents and
filings shall be in form and substance satisfactory to the Administrative Agent;

     (12) The Account debtor is a resident of the United States or of any
province of Canada other the province of Quebec (each, a "Permitted
Jurisdiction") or, in the case where the Account debtor is not a resident of a
Permitted Jurisdiction, the obligations of the Account debtor on such Account is
fully covered by a letter of credit denominated in Dollars issued for the
benefit of the relevant Co-Borrower by banks reasonably acceptable to the
Required Banks or the obligations of the Account Debtor on such Account are
fully covered by credit insurance policies issued by insurance companies
acceptable to the Required Banks and such policy is in form and substance
acceptable to the Required Banks; and

     (13) The Agent in its sole discretion has not deemed the Account debtor
unsatisfactory because of such Account debtor's inability to repay amounts owing
under its Account.

     Notwithstanding anything to the contrary, (i) Accounts owing from Internet
Applicable Network, Inc. shall not be deemed Eligible Accounts, (ii) Accounts
owing from (A) IBM Corp., Hewlett Packard, Compaq Corp. and Lucent Technologies
shall be deemed ineligible to the extent they exceed 15% of all Accounts of the
Revolving Credit Borrowers and (B) Accounts owing from any other Account debtor
shall be deemed ineligible to the extent they exceed 10% of all Accounts of the
Revolving Credit Borrowers and (iii) the Administrative Agent may, in its sole
discretion, require such reserves against Eligible Accounts, that it reasonably
deems necessary and proper from time to time."

     Section 1.4. Section 1.01 of the Credit Agreement is hereby further amended
by deleting the last paragraph of the definition of "Eligible Inventory" and
substituting the following in its place:


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              "Notwithstanding anything to the contrary, the Administrative
              Agent may, in its sole discretion, require such reserves against
              Eligible Inventory that it reasonably deems necessary and proper
              from time to time."

     Section 1.5. Section 1.01 of the Credit Agreement is hereby further amended
by amending and restating the definition of "Revolving Credit Facility (Letters
of Credit)" to provide in its entirety as follows:

              "Revolving Credit Facility (Letters of Credit) shall mean the
              lesser of (a) Five Million Dollars ($5,000,000) or (b) the
              Revolving Credit Facility less the aggregate outstanding principal
              amount of all outstanding Revolving Credit Loans, together with
              all accrued interest and fees related thereto.

     Section 1.6. Section 2.01 of the Credit Agreement is hereby amended by
inserting the following after the first sentence thereof:

              "Notwithstanding the foregoing, the Administrative Agent (without
              the consent of the Required Banks) may, but shall not be obligated
              to, permit the Co-Borrowers to have Revolving Credit Loans
              outstanding in an aggregate principal amount in excess of the
              Borrowing Base less the aggregate amount of all outstanding Letter
              of Credit Obligations (an "Overadvance"); provided, that (i) such
              Overadvance shall not continue for a period exceeding thirty (30)
              days; (ii) such Overadvance shall not exceed $750,000 at any time,
              and (iii) in no event shall the aggregate outstanding principal
              balance of Revolving Credit Loans exceed the Revolving Credit
              Facility less the aggregate amount of all outstanding Letter of
              Credit Obligations." Section

     1.7. Section 2.04 of the Credit Agreement is hereby amended and restated to
provide in its entirety as follows:

              Section 2.04. Notice and Manner of Borrowing. The Revolving Credit
              Borrowers and the Term Loan Borrower shall give the Administrative
              Agent at least three (3) Banking Days, written or telegraphic or
              facsimile notice (effective upon receipt) of any Loan to which the
              LIBOR Interest Rate applies. The Revolving Credit Borrowers and
              the Term Loan Borrower shall give the Administrative Agent written
              or telegraphic or facsimile notice (effective upon receipt) of any
              Loan to which the Base Rate applies by not later than 10:00 A.M.
              (New York time) on the date of such Loan. Each of the foregoing
              notices (a "Borrowing Notice") must specify: (1) the date and the
              amount of such Loan; (2) either that the Loan will bear interest
              at (a) the Base Rate plus the Applicable Margin or (b) the LIBOR
              Interest Rate plus the Applicable Margin; and (3) in the case of a
              LIBOR Loan, the initial Interest Period applicable thereto. In
              addition to Revolving Credit Loans funded by the Banks pursuant to
              a Borrowing Notice, a Revolving Credit Loan shall be deemed

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              requested by the Revolving Credit Borrower each time that a draft
              is presented for payment to any account of the Co-Borrower
              maintained with the Administrative Agent (including the Blocked
              Account), including, but not limited to any payments made on
              account of overdrafts. The Administrative Agent will promptly
              notify each Bank of receipt by the Administrative Agent of a
              Borrowing Notice and of the contents thereof. Each borrowing of an
              LIBOR Loan shall be an amount not less than $500,000 or whole
              multiples of $100,000 in excess thereof. Except for borrowings
              which utilize the full remaining amount of the Total Commitment,
              each borrowing of a Base Rate Loan shall be in an amount not less
              than $500,000, or if greater, whole multiples of $100,000 in
              excess thereof. Not later than noon (New York time) on the date of
              a LIBOR Loan and 3:00 P.M. (New York time) on the date of a Base
              Rate Loan, and upon fulfillment of the applicable conditions set
              forth in Article VII, the Administrative Agent will make such Loan
              available to the Revolving Credit Borrowers and the Term Loan
              Borrower, as applicable, in immediately available funds by
              crediting the amount thereof to an account of the Co-Borrowers
              with the Administrative Agent.

              In order to minimize the frequency of transfers of funds between
              the Administrative Agent and each Bank, Loans and payments may be
              settled according to the following procedures: on the fourth
              Banking Day of each week or more frequently (including daily), if
              the Administrative Agent so elects (each such day being a
              "Settlement Date"), the Administrative Agent will advise each Bank
              by telephone, telex or telecopy of the amount of each such Bank's
              actual dollar investment and its ratable portion (based on its
              applicable Pro Rata Share) of the outstanding principal balance of
              Loans as of the close of business on the Banking Day immediately
              preceding the Settlement Date. In the event that payments are
              necessary to adjust the amount of such Bank's actual dollar
              investment in the outstanding principal balance of Loans to such
              Bank's ratable portion (based on its applicable Pro Rata Share) of
              the outstanding principal balance of Loans as of any Settlement
              Date, the party from which such payment is due will pay the other,
              in immediately available funds, by wire transfer to the other's
              account not later than 1:00 P.M. (New York time) on the Banking
              Day immediately following the Settlement Date. Notwithstanding the
              foregoing, if the Administrative Agent so elects, the
              Administrative Agent may require that each Bank make its ratable
              portion (based on its applicable Pro Rata Share) of any requested
              Revolving Credit Loan available to the Administrative Agent for
              disbursement on the date of funding applicable to such Revolving
              Credit Loan in accordance with Section 2.01 hereof.
              Notwithstanding these procedures, each Bank's obligation to fund
              its portion of each Revolving Credit Loan made by the


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              Administrative Agent to any Revolving Credit Borrower will
              commence on the date such advance is made by the Administrative
              Agent.

     Section 1.8. The first sentence of Section 2.05 of the Credit Agreement is
hereby amended by adding the phrase "or will make" immediately following the
phrase "has made" on the fifth line thereof.

     Section 1.9. Section 2.08 of the Credit Agreement is hereby amended by
adding the following new subsections "(e)" and "(f)" at the end thereof:

              "(e) Collateral Administration Fee. Monthly, on the 1st day of
              each calendar month, pay to the Administrative Agent for its own
              account as collateral administration fee of $2,500.

              (f) Customary Fees. Pay to the Administrative Agent for its own
              account, on demand, all usual and customary fees and expenses
              which the Administrative Agent incurs in connection with the
              establishment and maintenance of the Lockbox and the Blocked
              Account of the Co-Borrowers.

              The Administrative Agent may, without making demand therefore,
              debit the Co-Borrowers' account for all such fees and expenses."

     Section 1.10. Section 2.12 of the Credit Agreement is hereby amended by
inserting the following paragraph at the end thereof:

              "Notwithstanding the foregoing, the Co-Borrowers authorize the
              Administrative Agent to apply monies deposited in the Blocked
              Account (as defined in Section 15.01 hereof) to reduce the
              outstanding principal balance of all Revolving Credit Loans made
              hereunder in accordance with Section 15.01. Furthermore, the
              Co-Borrowers hereby authorize the Administrative Agent to pay any
              installment of a Term Loan hereunder by increasing the outstanding
              principal amount of Revolving Credit Loans hereunder."

     Section 1.11. Section 9.07 of the Credit Agreement is hereby amended and
restated to provide in its entirety as follows:

              Section 9.07. Right of Inspection. Upon reasonable notice to the
              Co-Borrowers and during normal business hours and as often as
              reasonably required, permit Administrative Agent to conduct field
              examinations or collateral audits of the Co-Borrowers assets, and
              to permit the Administrative Agent or any Bank or any agent or
              representative thereof, to examine and make copies and abstracts
              from the records and books of account of, and visit the properties
              of, any Credit Party and to discuss the affairs, finances and


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              accounts of such Credit Party with any of its officers and
              directors and such Credit Party's independent accountants.

     Section 1.12. Section 9.08(8) of the Credit Agreement is hereby amended and
restated to provide in its entirety as follows:

              "(8) Audits and Cycle Count Reports. (a) Upon the request of the
              Required Banks, updated audits of inventory, accounts receivable
              and/or equipment conducted by parties acceptable to and engaged by
              the Administrative Agent, all costs, expenses and charges in
              connection therewith shall be paid by the Co-Borrowers in
              connection with Section 14.03; and (b) as soon as available, and
              in any event within ten (10) days after the end of each Fiscal
              Quarter, copies of all inventory "cycle count" reports prepared by
              the Co-Borrowers during the Fiscal Quarter then ended."

     Section 1.13. Section 9.08(14) of the Credit Agreement is hereby amended by
deleting the word "quarter" on the third line thereof and replacing it with the
word "month".

     Section 1.14. Section 12.01(1) of the Credit Agreement is hereby amended
and restated to provide in its entirety as follows:

              "(1) any Credit party shall fail to: (a) pay the principal of or
              interest on any Note, (b) reimburse Chase on a Letter of Credit,
              (c) make any of the prepayments required by Section 2.11 or (d)
              pay any fees or expenses required to be paid under the terms of
              any of the Loan Documents, as and when due and payable;"

     Section 1.15. Section 14.03 of the Credit Agreement is hereby amended by
deleting the second paragraph therefrom and inserting the following in its
place:

              The Co-Borrowers agree to reimburse the Administrative Agent on
              demand for all costs, expenses and charges incurred by the
              Administrative Agent in connection with conducting an inspection
              or audit in accordance with Section 9.07 and Section 9.08(8);
              however, if no Default or Event of Default has occurred and is
              continuing, the Co-Borrowers will only be required to make such
              reimbursement for three (3) such inspections or audits in any
              Fiscal Year.

     Section 1.16. The Credit Agreement is further amended by adding the
following new Article XV at the end thereof as follows:

                                   ARTICLE XV
                      MANAGEMENT, COLLECTION AND STATUS OF
                          ACCOUNTS AND OTHER COLLATERAL

     SECTION 15.01. Collection of Accounts; Management of Collateral.


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     (a) The Co-Borrowers will, at their own cost and expense, (i) arrange for
remittances on Accounts to be made directly to a post office box under the
Administrative Agent's sole dominion and control established by the Co-Borrowers
(the "Lockbox"), and (ii) promptly deposit all payments received by any
Co-Borrower on account of Accounts, whether in the form of cash, checks, notes,
drafts, bills of exchange, money orders or otherwise, into a blocked account
under the Administrative Agent's sole dominion and control established by the
Co-Borrowers at Chase (the "Blocked Account"), in precisely the form received
(but with any endorsements of the applicable Co-Borrower necessary for deposit
or collection), subject to withdrawal by the Administrative Agent only, as
hereinafter provided, and until such payments are deposited, such payments shall
be deemed to be held in trust by the Co-Borrowers for and as the Banks' property
and shall not be commingled with the Co-Borrowers' other funds. All remittances
and payments that are deposited in the Blocked Account will be applied by the
Administrative Agent to reduce the outstanding principal balance of Revolving
Credit Loans (or if such balance is reduced to zero, to be held by the
Administrative Agent as cash collateral for the benefit of the Banks, subject to
withdrawal by the Co-Borrowers provided no Default or Event of Default shall
have occurred and be continuing or would occur after giving effect to such
withdrawal) of the Loans owing to the Banks, subject to final collection in cash
of the item deposited and subject to the assessment of a one day collection
charge; provided, however, that so long as no Default or Event of Default shall
have occurred and be continuing, the Co-Borrowers shall not apply any
remittances or payments to prepay any LIBOR Loan until the last day of the
Interest Period with respect thereto and pending such application such amount
shall be held by the Administrative Agent as cash collateral for the benefit of
the Banks. The Administrative Agent may charge the Co-Borrowers' account for the
amount of any item of payment which is returned to Administrative Agent unpaid
or otherwise dishonored. The Administrative Agent shall not be required to
deposit any check which bears the legend "Payment in Full" or words of similar
import, unless the Co-Borrowers shall have previously informed the
Administrative Agent to accept such check.

     Upon the occurrence of an Event of Default, the Administrative Agent, on
behalf of the Banks, may send a notice of assignment and/or notice of the
security interest in favor of the Administrative Agent for the ratable benefit
of the Banks, to any and all Customers or any third party holding or otherwise
concerned with any of the Collateral, and thereafter the Administrative Agent
shall, on behalf of the Banks, have the sole right to collect the Accounts
and/or take possession of the Collateral and the books and records relating
thereto. No Co-Borrower shall, without the Administrative Agent's prior written
consent, grant any extension of the time of payment of any Account, compromise
or settle any Account for less than the full amount thereof, release, in whole
or in part, any person or property liable for the payment thereof, or allow any
credit or discount whatsoever thereon except, prior to the occurrence and
continuance of an Event of Default, as permitted by Section 15.03 hereof.

     (b) (i) Each Co-Borrower hereby constitutes the Administrative Agent or the
Administrative Agent's designee as such Co-Borrower's attorney-in-fact with
power to endorse the Co-Borrowers' name upon any notes, acceptances, checks,
drafts, money orders or other evidences of payment or Collateral that may come
into possession; to sign such Co-Borrower's name on any invoice or bill of
lading relating to any Accounts, drafts against Customers, assignments and
verifications of Accounts and notices to Customers; to send verifications of
Accounts; upon the occurrence of an Event of Default, to notify the Postal
Service authorities to

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change the address for delivery of mail addressed to such Co-Borrower to such
address as the Administrative Agent may designate; and to do all other acts and
things necessary to carry out this Agreement. All acts of said attorney or
designee are hereby ratified and approved, and said attorney or designee shall
not be liable for any acts of omission or commission, for any error of judgment
or for any mistake of fact or law, provided that the Administrative Agent or its
designee shall not be relieved of liability to the extent it is determined by a
final judicial decision that its act, error or mistake constituted gross
negligence or willful misconduct. This power of attorney being coupled with an
interest is irrevocable until all of the Obligations are finally and
indefeasibly paid in full and this Agreement and the right to request Loans
hereunder is terminated.

          (ii) The Administrative Agent, without notice to or consent of the
Co-Borrowers, upon the occurrence and during the continuance of an Event of
Default, (A) may sue upon or otherwise collect, extend the time of payment of,
or compromise or settle for cash, credit or otherwise upon any terms, any of the
Accounts or any securities, instruments or insurance applicable thereto and/or
release the obligor thereon; (B) is authorized and empowered to accept the
return of the goods represented by any of the Accounts; and (C) shall have the
right to receive, endorse, assign and/or deliver in its name or the name of the
Co-Borrowers, or any of them, any and all checks, drafts and other instruments
for the payment of money relating to the Accounts, and each Co-Borrower hereby
waives notice of presentment, protest and non-payment of any instrument so
endorsed.

     (c) Nothing herein contained shall be construed to constitute the
Co-Borrowers, or any of them, as agent of the Administrative Agent for any
purpose whatsoever, and the Administrative Agent shall not be responsible or
liable for any shortage, discrepancy, damage, loss or destruction of any part of
the Collateral wherever the same may be located and regardless of the cause
thereof (except to the extent it is determined by a final judicial decision that
the Administrative Agent's act or omission constituted gross negligence or
willful misconduct). The Administrative Agent and the Banks shall not, under any
circumstances or in any event whatsoever, have any liability for any error or
omission or delay of any kind occurring in the settlement, collection or payment
of any of the Accounts or any instrument received in payment thereof or for any
damage resulting therefrom (except to the extent it is determined by a final
judicial decision that the Administrative Agent's or such Bank's error, omission
or delay constituted gross negligence or willful misconduct). The Administrative
Agent and the Banks do not, by anything herein or in any assignment or
otherwise, assume the obligations of the Co-Borrowers, or any of them, under any
contract or agreement assigned to the Administrative Agent or the Banks, and the
Administrative Agent and the Banks shall not be responsible in any way for the
performance by the Co-Borrowers, or any of them, of any of the terms and
conditions thereof.

     (d) If any of the Accounts includes a charge for any tax payable to any
governmental tax authority, the Administrative Agent is hereby authorized (but
in no event obligated) in its discretion, for the benefit of the Banks, to pay
the amount thereof to the proper taxing authority for the account of the
Co-Borrowers, or any of them, and to charge the Co-Borrowers' Account therefor.
The Co-Borrowers shall notify the Administrative Agent if any Accounts include
any tax due to any such taxing authority and, in the absence of such notice, the
Administrative Agent, for the benefit of the Banks, shall have the right to
retain the full proceeds of such Accounts and shall not be liable for any taxes
that may be due from the Co-Borrowers, or any of them, by


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reason of the sale and delivery creating such Accounts; provided, that the
Co-Borrowers may request a Revolving Credit Loan, subject to and in accordance
with the provisions of Section 2.01 hereof, in order to fund the payment of such
tax obligations.

     SECTION 15.02. Accounts Documentation . The Co-Borrowers will, in addition
to the monthly detailed accounts receivable agings delivered pursuant to this
Agreement, at such intervals as the Administrative Agent may require, furnish
such further schedules and/or information as the Administrative Agent may
require relating to the Accounts, including, without limitation, sales invoices.
In addition, the Co-Borrowers shall notify the Administrative Agent of any
non-compliance in respect of the representations, warranties and covenants
contained in Section 15.03 hereof. The items to be provided under this Section
15.02 are to be in form satisfactory to the Administrative Agent and are to be
executed and delivered to the Administrative Agent from time to time solely for
its convenience in maintaining records of the Collateral; the Co-Borrowers'
failure to give any of such items to the Administrative Agent shall not affect,
terminate, modify or otherwise limit the Administrative Agent's Lien, for the
benefit of the Banks, or security interest in the Collateral.

     SECTION 15.03. Status of Accounts and Other Collateral . Each Co-Borrower
covenants, represents and warrants to the Administrative Agent and each Bank
that: (a) it shall be the sole owner, free and clear of all Liens except Liens
in favor of the Administrative Agent or otherwise permitted hereunder, of and
fully authorized to sell, transfer, pledge and/or grant a security interest in
each and every item of said Collateral owned by it; (b) each Account shall be a
good and valid account representing an undisputed bona fide indebtedness
incurred or an amount indisputably owed by the Customer therein named, for a
fixed sum as set forth in the invoice relating thereto with respect to an
absolute sale and delivery upon the specified terms of goods sold by such
Co-Borrower, or work, labor and/or services theretofore rendered by such
Co-Borrower; (c) no Account is or shall be subject to any defenses, offset,
counterclaim, discount or allowance (as of the time of its creation) except as
may be stated in the invoice relating thereto or discounts and allowances as may
be customary in such Co-Borrower's business; (d) none of the transactions
underlying or giving rise to any Account shall violate any applicable state or
federal laws or regulations, and all documents relating to any Account shall be
legally sufficient under such laws or regulations and shall be legally
enforceable in accordance with their terms; (e) to the best of its knowledge,
each Customer, guarantor or endorser with respect to any Account is solvent and
will continue to be fully able to pay all Accounts on which it is obligated in
full when due; (f) all documents and agreements relating to Accounts shall be
true and correct and in all respects what they purport to be; (g) to the best of
its knowledge, all signatures and endorsements that appear on all documents and
agreements relating to Accounts shall be genuine and all signatories and
endorsers with respect thereto shall have full capacity to contract; (h) it
shall maintain books and records pertaining to the Collateral in such detail,
form and scope as the Administrative Agent shall require; (i) it will
immediately notify the Administrative Agent if any accounts arise out of
contracts with the United States of America or any department, agency or
instrumentality thereof, and, if required by the Administrative Agent, will
execute any instruments and take any steps required by the Administrative Agent
in order that all monies due or to become due under any such contract shall be
assigned to the Administrative Agent and notice thereof given to the United
States Government under the Federal Assignment of Claims Act; (j) it will,
immediately upon learning thereof, report to the Administrative Agent any
material loss or destruction of, or substantial damage to, any of the
Collateral, and any other matters affecting the value, enforceability or
collectibility of any of the Collateral; (k) if any amounts payable under or in


                                       11
<PAGE>

connection with any Account is evidenced by a promissory note or other
instrument, as such terms are defined in the Uniform Commercial Code, such
promissory note or instrument shall be immediately pledged, endorsed, assigned
and delivered to the Administrative Agent as additional Collateral; (l) it shall
not re-date any invoice or sale or make sales on extended dating beyond that
customary in the industry; (m) it shall maintain compliance with its cycle-count
program and shall deliver such reports to the Banks as provided in Section
9.08(b) hereof, and, if a Default or Event of Default shall have occurred and is
continuing, it shall conduct such physical counts of its inventory as the
Administrative Agent may request; (n) all inventory to the extent produced by
the Co-Borrower's, or any of them, has been or will be produced in accordance
with the federal Fair Labor Standards Act of 1938, as amended, and the rules,
regulations and orders thereunder; and (o) it is not nor shall it be entitled to
pledge the Banks' credit on any purchases or for any purpose whatsoever.

     SECTION 15.04. Monthly Statement of Account . The Administrative Agent
shall maintain, in accordance with its customary procedures, a loan account in
the name of the Co-Borrowers ("Co-Borrowers' Account") in which shall be
recorded the date and amount of each Loan made by the Banks and the date and
amount of each payment in respect thereof; provided, however, the failure by the
Administrative Agent to record the date and amount of any Advance shall not
adversely affect the rights of the Administrative Agent or any Bank. For each
month, the Administrative Agent shall send to Co-Borrowers a statement showing
the accounting for the Loans made, payments made or credited in respect thereof,
and other transactions between the Banks and the Co-Borrowers, during such
month. The monthly statements shall be deemed correct and binding upon
Co-Borrowers in the absence of manifest error and shall constitute an account
stated between the Banks and the Co-Borrowers unless Administrative Agent
receives a written statement of Co-Borrowers' specific exceptions thereto within
thirty (30) days after such statement is delivered to the Co-Borrowers. The
records of the Administrative Agent with respect to the loan account shall be
prima facie evidence of the amounts of Loans and other charges thereto and of
payments applicable thereto.

     SECTION 15.05. Collateral Custodian. Upon the occurrence and continuance of
an Event of Default, the Administrative Agent may at any time and from time to
time employ and maintain in the premises of the Co-Borrowers a custodian
selected by the Administrative Agent who shall have full authority to do all
acts necessary to protect the Administrative Agent's and the Banks' interests
and to report to the Administrative Agent thereon. The Co-Borrowers hereby agree
to cooperate with any such custodian and to do whatever the Administrative Agent
may reasonable request to preserve the Collateral. All costs and expenses
incurred by the Administrative Agent by reason of the employment of the
custodian shall be charged to the Co-Borrowers' Account and added to the
Obligations."


                                       12
<PAGE>

                                   ARTICLE 2.
                                    WAIVERS

                           WAIVERS TO CREDIT AGREEMENT

     Section 2.1 The Banks hereby waive compliance with Section 11.01(a)
(Minimum Earnings Before Interest, Taxes, Depreciation and Amortization) for the
fiscal quarter ended September 30, 2000, provided that the consolidated Earnings
Before Interest, Taxes, Depreciation and Amortization of BC and its Consolidated
Subsidiaries (other than Merinta) was not less than $5,735,000 at the end of
such fiscal quarter.

     Section 2.2 The Banks hereby waive compliance with Section 11.01(b)
(Minimum Earnings Before Interest, Taxes, Depreciation and Amortization) for the
fiscal quarters ended (a) June 30, 2000, provided that the consolidated Earnings
Before Interest, Taxes, Depreciation and Amortization of BC and its Consolidated
Subsidiaries (including Merinta) was not less than ($1,235,000) at the end of
such fiscal quarter and (b) September 30, 2000, provided that the consolidated
Earnings Before Interest, Taxes, Depreciation and Amortization of BC and its
Consolidated Subsidiaries (including Merinta) was not less than ($7,274,000) at
the end of such fiscal quarter.

     Section 2.3 The Banks hereby waive compliance with Section 11.01(c) (Fixed
Charge Coverage Ratio) for the fiscal quarter ended September 30, 2000, provided
that the Fixed Charge Coverage Ratio was not less than 1.37:1.00 at the end of
such fiscal quarter.

     Section 2.4 The Banks hereby waive compliance with Section 11.01(d) (Cash
Flow Leverage Ratio) for the fiscal quarter ended September 30, 2000, provided
that the Fixed Charge Coverage Ratio was not greater than 3.00:1.00 at the end
of such fiscal quarter.

     Section 2.5 The waivers set forth above are further conditioned upon
receipt by the Banks of the Operating Plan of the Co-Borrowers for the Fiscal
Year ending December 31, 2001, as soon as available and, in any event, by no
later than December 15, 2000; provided that if such Operating Plan is not
received by December 15, 2000, the Co-Borrowers shall pay to the Administrative
Agent a Waiver Fee of $50,000, such fee to be distributed to the Banks based
upon their respective Pro Rata Share.

     Section 2.6 The waivers set forth are limited specifically to the matters
set forth above and for the specific instances and purposes given and do not
constitute directly or by implication a waiver or amendment of any other
provision of the Credit Agreement or a waiver of any Default or Event of Default
(except as contemplated by this Section 2) under the Credit Agreement.

                                   ARTICLE 3.
                           CONDITIONS TO EFFECTIVENESS

     Section 3.1. Conditions to Effectiveness. The amendments and waivers to the
Credit Agreement described herein are subject to receipt by the Administrative
Agent of the following items, each in form and substance satisfactory to the
Banks:


                                       13
<PAGE>

          (a) this Amendment and Waiver, duly executed by each Co-Borrower and
each Guarantor;

          (b) a certificate of the Secretary of each Co-Borrowers and each
Guarantor dated as of the date hereof, certifying (A) the names and true
signatures of the officers of such entity authorized to sign this Amendment and
Waiver, the other Loan Documents and any other documents to be delivered by such
entity under this Amendment and Waiver, (B) that attached thereto is a true and
a complete copy of resolutions adopted by the Board of Directors authorizing the
execution, delivery and performance of this Amendment and Waiver and each other
Loan Document to which it is a party and (C) that neither its Certificate of
Incorporation nor By-laws have been amended since the Closing Date;

          (c) a certificate of a duly authorized officer of the Co-Borrowers
stating that the representations and warranties in Article VIII of the Credit
Agreement are true and correct on such date as though made on and as of such
date and that no event has occurred and is continuing which constitutes a
Default or Event of Default; and

          (d) the Lockbox Agreement and the Blocked Account Agreement,
substantially in the forms attached hereto as Exhibit 1 and Exhibit 2,
respectively, each duly executed by each Co-Borrower; and

          (e) such other documents, instruments, approvals, opinions and
evidence as the Administrative Agent and the Banks may reasonably require.

                                    ARTICLE 4
                         REPRESENTATIONS AND WARRANTIES

     Each Co-Borrower hereby represents and warrants to the Banks that:

     Section 4.1. Each of the representations and warranties set forth in
Article VIII of the Credit Agreement is true as of the date hereof with respect
to the Co-Borrower and, to the extent applicable, each Guarantor and each of
their respective Subsidiaries and with the same effect as though made on the
date hereof, and is hereby incorporated herein in full by reference as if fully
restated herein in its entirety. In addition, in order to induce the Banks and
the Administrative Agent to enter into this Amendment and Waiver, each
Co-Borrower hereby covenants, represents and warrants to the Banks that since
December 31, 1999 there has been no material adverse change in the business,
operations, properties or financial condition of any Co-Borrower, any Guarantor
or any of their respective Subsidiaries.

     Section 4.2. To induce the Banks and the Administrative Agent to enter into
this Amendment and Waiver and to continue to make advances to the Co-Borrowers
pursuant to the Credit Agreement, as amended hereby, the Co-Borrowers hereby
acknowledge and agree that, as of the date hereof, and after giving effect to
the terms hereof, there exists (i) no Default or Event of Default other than
those Defaults and Events of Default described on Schedule 3 hereto and (ii) no
right of offset, defense, counterclaim, claim or objection in favor of the
Co-Borrowers arising out of or with respect to any of the obligations of the
Co-Borrowers and the Guarantors under the Credit Agreement.


                                       14
<PAGE>

     Section 4.3. Each Co-Borrower and each Guarantor has the corporate power
and authority to enter into, perform and deliver this Amendment and Waiver and
any other documents, instruments, agreements or other writings to be delivered
in connection herewith. This Amendment and Waiver and all documents contemplated
hereby or delivered in connection herewith, have each been duly authorized,
executed and delivered and the transactions contemplated herein have been duly
authorized.

     Section 4.4. This Amendment and Waiver and any other documents, agreements
or instruments now or hereafter executed and delivered to the Banks by the
Co-Borrowers and the Guarantors in connection herewith constitute (or shall,
when delivered, constitute) valid and legally binding obligations of
Co-Borrowers and the Guarantors, each of which is and shall be enforceable
against Co-Borrowers and the Guarantors, as applicable, in accordance with their
respective terms.

     Section 4.5. No representation, warranty or statement by the Co-Borrowers
and the Guarantors contained herein or in any other document to be furnished by
the Co-Borrowers and the Guarantors in connection herewith contains, or at the
time of delivery shall contain, any untrue statement of material fact, or omits
or at the time of delivery shall omit to state a material fact necessary to make
such representation, warranty or statement not misleading.

     Section 4.6. No consent, waiver or approval of any entity is or will be
required in connection with the execution, delivery, performance, validity or
enforcement of this Amendment and Waiver, or any other agreements, instruments
or documents to be executed and/or delivered in connection herewith or pursuant
hereto.

                                   ARTICLE 5.
                         SPECIAL PROVISION WITH RESPECT
                      TO INVENTORY AT THIRD PARTY LOCATIONS

     The Co-Borrowers shall deliver to the Administrative Agent Landlords
Waivers, substantially in the form of Exhibit 5 hereof, with respect to
inventory of the Co-Borrowers located at any location listed on Schedule A
hereto on or before November 30, 2000. To the extent the Co-Borrowers fail to
satisfy the foregoing requirements with respect to any such location such
inventory shall not be included as Eligible Inventory until such condition is
satisfied.

                                   ARTICLE 6.
                                  MISCELLANEOUS

     Section 6.1. This Amendment and Waiver may be executed in any number of
counterparts, all of which taken together shall constitute one and the same
instrument, and any party hereto may execute this Amendment and Waiver by
signing (either original or via facsimile) any such counterpart.

     Section 6.2. This Amendment and Waiver shall be governed by, and
interpreted and construed in accordance with, the laws of the State of New York
(without giving effect to the conflict of laws provisions thereof).


                                       15
<PAGE>

     Section 6.3. The execution and delivery of this Amendment and Waiver by the
Banks shall not be deemed to be a waiver of any Default or Event of Default that
has occurred or that may hereafter arise pursuant to the terms fo the Credit
Agreement and the parties hereto agree that the Banks retain all of their rights
and remedies under the Credit Agreement with respect to any Default or Event of
Default, whether now existing or hereafter arising.

[next page is signature page]



                                       16
<PAGE>







     IN WITNESS WHEREOF, the parties hereto have caused this Amendment and
Waiver to be duly executed as of the day and year first above written.

                                       BOUNDLESS TECHNOLOGIES, INC.


                                       By: /s/ JOSEPH GARDNER
                                          ------------------------------------
                                          Name:  Joseph Gardner
                                          Title: Vice President

                                       BOUNDLESS MANUFACTURING SERVICES, INC.


                                       By: /s/ JOSEPH GARDNER
                                          ------------------------------------
                                          Name: Joseph Gardner
                                         Title: Vice President

                                       BOUNDLESS ACQUISITION CORP.


                                       By: /s/ JOSEPH GARDNER
                                          ------------------------------------
                                          Name: Joseph Gardner
                                         Title: Vice President

                                       BOUNDLESS CORPORATION


                                       By: /s/ JOSEPH GARDNER
                                          ------------------------------------
                                          Name:  Joseph Gardner
                                          Title: Vice President

                                       THE CHASE MANHATTAN BANK,
                                         as a Bank and as Administrative Agent


                                       By: /s/ WILLIAM DeMILT
                                          ------------------------------------
                                          Name:  William DeMilt
                                          Title: Vice President



                                       17
<PAGE>


                                       SILICON VALLEY BANK,
                                         as a Bank


                                       By: /s/ SHEILA COLSON
                                          ------------------------------------
                                          Name:  Sheila Colson
                                          Title: Vice President

                                       NATIONAL BANK OF CANADA,
                                         as a Bank


                                       By: /s/
                                          ------------------------------------
                                          Name:
                                          Title:


                                       By: /s/
                                          ------------------------------------
                                          Name:
                                          Title:


                                       18
<PAGE>

                                    EXHIBIT 1


                            Form of Lockbox Agreement

                          BOUNDLESS TECHNOLOGIES, INC.
                     BOUNDLESS MANUFACTURING SERVICES, INC.
                              100 Marcus Boulevard
                            Hauppauge, New York 11788


                                                  November 16,  2000


                                                  The Chase Manhattan Bank
                                                  600 Fifth Avenue, 4th Floor
                                                  New York, New York 10020

                                                  Ladies/Gentlemen:

     Reference is made to (i) account number 3941033452 (the "Blocked Account")
at The Chase Manhattan Bank ("Chase") into which certain monies, instruments and
other properties are deposited on behalf of Boundless Technologies, Inc. ("BTI")
and Boundless Manufacturing Services, Inc. ("BMS"; together with BTI,
collectively, the "Customer") and (ii) the lockbox identified as 6281 (the
"Lockbox") from which mail is opened and funds remitted therein are deposited
into the Blocked Account.

     Pursuant to the Second Amended and Restated Credit Agreement and Guaranty,
dated as of May 25, 2000 (the "Credit Agreement"), among the Customer, certain
guarantors, the financial institutions acting as Banks and The Chase Manhattan
Bank as administrative agent for such Banks (Chase in such capacity, the
"Administrative Agent") and to other documents executed and delivered in
connection with the Credit Agreement, Customer has granted to the Administrative
Agent for the benefit of the Banks a security interest in, among other things,
all checks, instruments, drafts and other orders of payment (collectively,
"Instruments") deposited in the Blocked Account and the Lockbox. One of the
conditions of continuing to make such loans, advances and financial
accommodations to the Co-Borrowers is that the Co-Borrowers enter into this
Agreement.

     In connection therewith, the parties hereto hereby acknowledge and agree
that:

     (a) Chase, and its agents, are hereby authorized by the Customer to, and
Chase shall, remove all items from the Lockbox, open all such items, remove all
Instruments from such items, and deposit all such Instruments into the Blocked
Account.

     (b) All amounts in the Blocked Account shall be applied to reduce
outstanding Revolving Credit Loans and any accrued interest due thereon. The
remaining balance, if any, shall be held in the Blocked Account as a credit for


                                       19
<PAGE>

the benefit of the Co-Borrowers and applied by the Administrative Agent towards
any amounts due and owing to the Administrative Agent and/or the Lenders by the
Co-Borrowers, from time to time.

     (c) The instructions contained in this letter agreement are irrevocable and
cannot be altered or amended without the Administrative Agent's prior written
consent.

     (d) The Customer may not terminate the Lockbox or Blocked Account without
prior written consent of the Administrative Agent, and Chase may terminate the
Lockbox or the Blocked Account only upon thirty (30) days' prior written notice
of such termination, delivered or sent by mail, to The Chase Manhattan Bank, 600
Fifth Avenue, 4th Floor, New York, New York 10020, Attention: George Lewis
McKinley or such other address as the Administrative Agent shall specify in
writing to Chase.

     Chase shall use its best efforts in performing the service in connection
with the Lockbox and the Blocked Account but, notwithstanding anything to the
contrary contained herein, Chase shall incur no liability or responsibility of
any nature for any act or omission on its part or that of its officers,
employees or agents provided the act or omission was without willful misconduct
and without gross negligence.

     The Customer agrees to indemnify Chase, its directors, officers, employees
and agents and hold them harmless from and against any and all claims,
liabilities, obligations, losses, damages, penalties, actions, judgments, suits,
costs, expenses (including reasonable attorneys' fees) or disbursements of any
kind or nature whatsoever which may be imposed on, incurred by, or asserted
against them in any way relating to or arising out of any action or failure to
act on the part of Chase which was undertaken in connection with the Lockbox or
the Blocked Account; provided, however, that Chase shall not be indemnified for
its own gross negligence or willful misconduct. The provisions contained in this
paragraph shall survive any termination of this letter agreement.

[next page is signature page]


                                       20

<PAGE>



     This letter agreement may be executed by the parties hereto in one or more
counterparts, each of which shall be deemed an original and all of which taken
together shall be deemed to constitute one in the same agreement. Any signature
delivered by telecopy hereto shall be deemed an original signature hereto.



                                   Very truly yours,

                                   BOUNDLESS TECHNOLOGIES, INC.
                                   BOUNDLESS MANUFACTURING SERVICES, INC.


                                   By:
                                      -----------------------------------------
                                        Joseph Gardner, the Vice President
                                        of each of the foregoing corporations

AGREED TO AND ACCEPTED:


THE CHASE MANHATTAN BANK,
as Administrative Agent



By:
   ----------------------------------
   Name:  William DeMilt
   Title: Vice President

AGREED TO AND ACCEPTED

THE CHASE MANHATTAN BANK



By:
   ---------------------------------
   Name:  William DeMilt
   Title: Vice President


                                       21

<PAGE>


                                    EXHIBIT 2

                            BLOCKED ACCOUNT AGREEMENT

     Blocked Account Agreement, dated this 16th day of November, 2000 (this
"Agreement") among THE CHASE MANHATTAN BANK, as administrative agent for the
Banks (as defined herein) (the "Administrative Agent"), BOUNDLESS TECHNOLOGIES,
INC. ("BTI"), BOUNDLESS MANUFACTURING SERVICES, INC. ("BMS"; with BTI, each a
"Co-Borrower and, collectively, the "Co-Borrowers") and THE CHASE MANHATTAN BANK
("Chase").

                                   BACKGROUND

     The Co-Borrowers and certain of its Affiliates have entered into a Second
Amended and Restated Credit Agreement and Guaranty, dated May 25, 2000, with the
financial institutions named therein or which hereafter become a party thereto
and the Administrative Agent (as amended, restated, supplemented or otherwise
modified, from time to time, the "Credit Agreement") pursuant to which the Banks
have agreed to make loans, advances and other financial accommodations to the
Co-Borrowers. One of the conditions of continuing to make such loans, advances
and financial accommodations to the Co-Borrowers is that the Co-Borrowers
establish a "lockbox" and permit Chase to open the mail deposited therein and
deposit the proceeds of Collateral (as defined in the Credit Agreement) to a
"blocked account" in which the Administrative Agent for the ratable benefit of
the Banks has been granted a security interest. Defined terms not otherwise
defined herein shall have the meanings ascribed thereto in the Credit Agreement.
Pursuant to a Lockbox Agreement, dated as of the date hereof, among the
Co-Borrowers, the Administrative Agent and Chase, the Co-Borrowers agreed to
establish a lockbox (the "Lockbox") and to remit funds collected therein to the
"blocked account". Chase hereby agrees to the establishment of such a "blocked
account" upon the terms and conditions set forth below including, but not
limited to, agreement to forward to the Administrative Agent any and all sums
then on deposit in the "blocked account".

     NOW, THEREFORE, for good and valuable consideration, receipt of which is
hereby acknowledged, the undersigned parties agree as follows:

     1. The Co-Borrowers hereby authorize Chase to create or maintain a special
bank account entitled "Boundless Technologies, Inc. Blocked Account" (the
"Blocked Account") number #801905478 with Chase to be governed by the terms of
this Agreement and any security, pledge or similar agreements between the
Co-Borrowers and the Administrative Agent and/or the Banks.

     2. Payments received in the Lockbox with respect to all accounts,
contracts, contract rights, notes, bills, drafts, acceptances general
intangibles, choses in action, and all other debts, obligations and liabilities
in whatever form, owing to the Co-Borrowers from any person, firm or corporation
or any other legal entity, whether now existing or hereafter arising, now or
hereafter received by or belonging or owing to the Co-Borrowers, for goods sold
by it or for services rendered by it (within the marketing region served by
Chase) shall be deposited in the Blocked Account. As funds in the Blocked
Account thereupon and thereafter become available, Chase shall, on a daily basis
each business day, apply such funds to repay outstanding Revolving Credit Loans
and accrued interest thereon. Any balance thereafter shall remaining shall be
held in the Blocked Account as a credit for the benefit of the Co-Borrowers and
applied by the Administrative Agent towards any amounts due and owing to the
Administrative Agent and/or the Lenders by the Co-Borrowers, from time to time.
Neither any Co-Borrower nor any employee of any Co-Borrower shall have access to
the Blocked Account, and each Co-Borrower agrees that funds may be withdrawn
from the Blocked Account only with the prior written


                                       22
<PAGE>

consent of the Administrative Agent and only by way of and in accordance with
Fedwire or ACH transfer instructions delivered to Chase by an authorized officer
of the Administrative Agent. Chase hereby agrees and acknowledges that the
Administrative Agent's continued acceptance of this procedure will be in
reliance hereon.

     3. Chase waives and releases to the Administrative Agent any right of
offset against the Blocked Account in which such remittances are deposited.
Chase further waives and releases to the Administrative Agent any right or claim
which it may have in any of the funds on deposit in the Blocked Account.

     4. Each Co-Borrower has pledged, assigned and transferred to the
Administrative Agent a security interest in the Blocked Account and all amounts
from time to time deposited in the Blocked Account. Chase agrees to hold the
same as bailee for the Administrative Agent, and to make distribution to the
Administrative Agent therefrom solely in accordance with this Agreement. Chase
represents that Chase has not received notice of any other assignment or pledge
of the Blocked Account.

     5. In the event any checks or other items which were deposited or credited
to the Blocked Account are returned, reversed, refunded or charged back for
insufficient funds or for any other reason, Chase shall charge such items
against the Co-Borrowers loan account. In addition, Chase will charge customary
service charges with respect to the Blocked Account by charging such charges
against Account No.3941033460 (the "Operating Account"). The Co-Borrowers agree
that Chase may charge the Co-Borrowers loan account for any and all reversal
returns and other charges.

     6. The Administrative Agent may, from time to time, issue letters of
instruction superseding the instructions contained in this Agreement. The
Co-Borrowers hereby direct Chase to rely on any and all letters of instruction
from the Administrative Agent and any Notice from the Administrative Agent, and
shall not accept any contrary instruction from the Co-Borrowers. Chase shall not
be responsible to verify the accuracy of any state of facts alleged to be true
by the Administrative Agent.

     7. This Agreement shall not be terminated by the Co-Borrowers until all
obligations of the Co-Borrowers to the Banks are satisfied in full. Chase may
terminate this Agreement at any time upon at least thirty (30) days prior
written notice to the Administrative Agent and to the Co-Borrowers. Upon the
payment in full of all obligations owing by the Co-Borrowers to the Banks and
the termination of the Commitments, any funds remaining in the Blocked Account
upon termination or deposited thereafter shall be released therefrom.


                                       23
<PAGE>

     8. The Co-Borrowers agree to indemnify and hold harmless Chase from and
against any and all claims, actions and suits (whether groundless or otherwise),
losses, damages, costs, expenses and liabilities of every nature and character
arising our of or related to this Agreement or the transactions contemplated
hereby or Chase's actions taken hereunder, including without limitation claims
arising out of Chase's failure to prohibit the Co-Borrowers or any of Chase's
authorized person or entity from withdrawing funds from the Blocked Account
other than in accordance with the terms of this agreement, except to the extent
that any of same shall be directly caused by Chase's wilful misconduct or gross
negligence.

                                      BOUNDLESS TECHNOLOGIES, INC.
                                      BOUNDLESS MANUFACTURING SERVICES,
                                      INC., as Co-Borrowers


                                      By:
                                         -------------------------------------
                                         Joseph Gardner, the Vice President
                                         of each of the foregoing corporations

                                      THE CHASE MANHATTAN BANK, as the
                                      Administrative Agent


                                      By:
                                         -------------------------------------
                                         Name:  William DeMilt
                                         Title: Vice President

                                      THE CHASE MANHATTAN BANK


                                      By:
                                         -------------------------------------
                                         Name:  William DeMilt
                                         Title: Vice President



                                       24
<PAGE>



                                   SCHEDULE A


                     LOCATIONS REQUIRING LANDLORD'S WAIVERS


1.   Diamond Technologies, Farmingdale

2.   [Boca Raton, Florida Location]



                                       25
<PAGE>






                                    Exhibit 5

                    LANDLORD'S WAIVER, LICENSE AND AGREEMENT

                                                          ______ ____, 2000

The Chase Manhattan Bank, as Agent
395 North Service Road
Melville, New York 11747

                  Re: [BORROWER]

Ladies and Gentlemen:

     Reference is made to the lease agreement entered into by and between the
undersigned ("Landlord") and the above-referenced company (the "Tenant")
pursuant to which the Landlord as the owner of the real property and building
and improvements located at ________________________ (the "Premises"), leases
the Premises to the Tenant (the "Lease").

     Reference is also made to certain financing agreements by and among the
Tenant, certain other borrowers and guarantors, Silicon Valley Bank, National
Bank of Canada and The Chase Manhattan Bank, as Lenders, and The Chase Manhattan
Bank, as Agent for the Lenders (in such capacity, the "Agent"), and the various
documents, instruments, notes, guaranties and agreements delivered in connection
therewith (the foregoing, together with all related documents, agreements,
instruments or notes, and as the same may hereafter be amended, supplemented,
renewed, restated or replaced, are collectively referred to herein as the "Loan
Documents").

     Pursuant to the terms of the Loan Documents, the Tenant has granted to the
Agent for the ratable benefit of the Lenders a security interest in and a
general lien upon all now owned or hereafter acquired or existing accounts,
contract rights, general intangibles, documents, instruments, chattel paper,
machinery and certain goods, the proceeds and products thereof as the same are
defined in the Uniform Commercial Code (the "Collateral"), as security for any
now existing or hereafter arising obligations of the Tenant to the Agent and the
Lenders.

     In consideration of the loans, advances and other financial accommodations
to the Tenant and the other borrowers contemplated thereunder which will accrue
to the benefit of the Landlord by enabling the Tenant to meet its obligations to
the Landlord, including those arising under or in connection with the Lease, the
Landlord hereby agrees to the waivers, consents and license set forth herein.

     The Landlord and the Tenant represent and warrant to the Agent and the
Lenders that the Lease is in full force and effect and that there is no
currently existing event of default with respect thereto.

     The Landlord agrees that in the event of any default under the Lease, the
Landlord agrees to notify the Tenant in accordance with the terms of the Lease,
and simultaneously notify the Agent of any such default. In addition, the
Landlord shall not terminate the Lease without


                                       26
<PAGE>

providing thirty (30) days prior written notice to the Agent, specifying the
default, during which thirty-day period the Agent on behalf of the Lenders shall
have the right and opportunity, but not the obligation, to cure such default.
Any payment made or act done by the Agent to cure any such default shall not
constitute an assumption of the Lease or of any obligations thereunder by the
Agent or any Lender.

     The Landlord and Tenant agree that they will not materially amend the terms
and conditions of the Lease without the prior written consent of the Agent
(acting with the consent of the Lenders), such consent not to be unreasonably
withheld or delayed.

     The Landlord hereby waives, as against the Agent and the Lenders, any
landlord's lien, right of distraint or levy, claim, security interests or other
interests which the Landlord may now or hereafter have in or relating to any of
the Collateral now or hereafter located at the Premises, including any of the
foregoing which might otherwise arise or exist in the Agent's or any Lender's
favor pursuant to agreement, common law, statute (including Title 11 of the
United States Code) or otherwise. The Landlord agrees that all such Collateral
is and shall remain personal property and shall not constitute fixtures,
notwithstanding any attachment to real property or any other applicable law or
doctrine relating to fixtures.

     The Landlord hereby agrees that the Agent may enter the Premises for the
purposes of repossessing, removing, selling or otherwise dealing with the
Collateral in accordance with the provisions of the Loan Documents, the Uniform
Commercial Code and any other applicable law. Said license shall be irrevocable
and shall continue from the date the Agent enters into possession of the
Premises for so long as the Agent deems necessary for the foregoing purposes.
Use or occupancy of the premises by the Agent as set forth herein shall not
constitute an assumption by the Agent or any Lender of the Lease or of any
obligations thereunder.

     The Landlord understands that the Agent and the Lenders will rely upon this
instrument in connection with the Lenders' financial accommodations to the
Tenant, and that any additional financial accommodation the Lenders may
hereafter extend will also be in reliance on this instrument.

     Notice to any party hereunder shall be in writing and shall be sent by
certified mail, return receipt requested, to the parties at the following
addresses:


         To the Landlord:       -----------------
                                -----------------
                                -----------------
                                Att:

         To the Tenant:         Boundless Manufacturing Services, Inc.
                                100 Marcus Boulevard
                                Hauppauge, New York 11788
                                Attn: Joseph Gardner

         To the Lender:         The Chase Manhattan Bank, as Agent
                                395 North Service Road
                                Melville, New York 11747
                                Att: William DeMilt


                                       27
<PAGE>

     This Agreement may not be changed or terminated orally and shall be binding
upon the successors and assigns of the parties hereto and shall also be binding
upon any successor, owner, or transferee of said Premises.

     The parties have executed and delivered this Agreement as of the day and
year first above written.

                                   [LANDLORD]


                                    By:
                                        --------------------------
                                        Name:
                                        Title:

ACKNOWLEDGED AND AGREED:

THE CHASE MANHATTAN BANK, AS AGENT


By:
   -------------------------------
   Title: Vice President

[BORROWER]


By:
   -------------------------------
   Title: Vice President


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