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                                                                     Exhibit 3.3

                                                                           FILED

                                                               99 MAR 30 PM 1:59

                                                              SECRETARY OF STATE
                                                            TALLAHASSEE, FLORIDA

                              ARTICLES OF AMENDMENT
                                       TO
                            ARTICLES OF INCORPORATION
                                       OF
                     TOUPS TECHNOLOGY LICENSING,INCORPORATED

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                       Pursuant to Section 607.1006 of the
                        Florida Business Corporation Act
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            Toups Technology Licensing,Incorporated, a corporation organized and
existing under the Florida Business Corporation Act (the "Corporation"), hereby
certifies that the following amendment was adopted by the Board of Directors of
the Corporation on March 29, 1999 pursuant to authority of the Board of
Directors as required by Section 607.0602 of the Florida Business Corporation
Act, and accordingly, pursuant to Section 607.1006 of the Florida Business
Corporation Act, the Corporation adopts the following articles of amendment to
articles of incorporation:

            FIRST: pursuant to the authority granted to and vested in the Board
of Directors of this Corporation (the "Board of Directors" or the "Board") in
accordance with the provisions of its Articles of Incorporation and Section
607.0602 of the Florida Business Corporation Act, the Board of Directors hereby
authorizes a series of the Corporation's previously authorized Preferred Stock,
par value $1.00 per share (the "Preferred Stock"), and hereby states the
designation and number of shares, and fixes the relative rights, preferences,
privileges, powers and restrictions thereof by amending "Article III-Capital
Stock" of the Corporation's Articles of Incorporation by appending the following
(the "Designation Articles"):

            Series A 7% Convertible Preferred Stock:

                                    ARTICLE 1
                                   DEFINITIONS

            The terms defined in this Article whenever used in these Designation
Articles have the following respective meanings:

            (a) "Additional Capital Shares" has the meaning set forth in Section
6.1(c).

            (b) "Affiliate" has the meaning ascribed to such term in Rule 12b-2
tinder the Securities Exchange Act of 1934, as amended.

            (c) "Business Day" means a day other than Saturday, Sunday or any
day on which banks located in the State of New York are authorized or obligated
to close.

            (d) "Capital Shares" means the Common Shares and any other shares of
any other class or series of common stock, whether now or hereafter authorized
and however designated, which have the right to participate in the distribution
of earnings and assets (upon dissolution, liquidation or winding up) of the
Corporation.

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            (a) "Closing Date" means March 30, 1999.

            (1) "Common Shares" or "Common Stock" means shares of Common Stock,
par value $0.001 per share, of the Corporation.

            (g) "Common Stock Issued at Conversion" when used with reference to
the securities issuable upon conversion of the Series A Preferred Stock, means
all Common Shares now or hereafter Outstanding and securities of any other class
or series into which the Series A Preferred Stock hereafter shall have been
changed or substituted, whether now or hereafter created and however designated.

            (h) "Conversion Date" means any day on which all or any portion of
shares of the Series A Preferred Stock is converted in accordance with the
provisions hereof.

            (i) "Conversion Notice" has the meaning set forth in Section 6.2.

            (j) "Conversion Price" means on any date of determination the
applicable price for the conversion of shares of Series A Preferred Stock into
Common Shares on such day as set forth in Section 6.1.

            (k) "Conversion Ratio" means on any date of determination the
applicable percentage of the Market Price for conversion of shares of Series A
Preferred Stock into Common Shares on such day as set forth in Section 6.1.

            (l) "Corporation" means Toups Technology Licensing Incorporated, a
Florida corporation, and any successor or resulting corporation by way of
merger, consolidation, sale or exchange of all or substantially all of the
Corporation's assets, or otherwise.

            (m) "Current Market Price" means on any date of determination the
closing bid price of a Common Share on such day as reported on the OTC Bulletin
Board service of the National Association of Security Dealers, Inc. ("OTCBB").

            (n) "Default Dividend Rate" shall be equal to the Preferred Stock
Dividend Rate plus an additional 10% per annum.

            (o) "Holder" means The Shaar Fund Ltd, any successor thereto, or any
Person or Persons to whom the Series A Preferred Stock is subsequently
transferred in accordance with the provisions hereof.

            (p) "Market Disruption Event" means any event that results in a
material suspension or limitation of trading of the Common Shares on OTCBB or
generally on the OTCBB SmallCap Market.

            (q) "Market Price" per Common Share means the arithmetic mean of any
two closing bid prices of the Common Shares as reported on OTCBB for two Trading
Days during any Valuation Period, it being understood that such two Trading Days
during any Valuation Period need not be consecutive.


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            (r) "Outstanding" when used with reference to Common Shares or
Capital Shares (collectively, "Shares"), means, on any date of determination,
all issued and outstanding Shares, and includes all such Shares issuable in
respect of outstanding scrip or any certificates representing fractional
interests in such Shares; provided, however, that any such Shares directly or
indirectly owned or held by or for the account of the Corporation or any
Subsidiary of the Corporation shall not be deemed "Outstanding" for purposes
hereof.

            (s) "Person" means an individual, a corporation, partnership, an
association, a limited liability company, unincorporated business organization,
a trust or other entity or organization, and any government or political
subdivision or any agency or instrumentality thereof.

            (t) "Registration Rights Agreement" means that certain Registration
Rights Agreement dated a date even herewith between the Corporation and The
Shaar Fund Ltd.

            (u) "SEC" means the United States Securities and Exchange
Commission.

            (v) "Securities Act" means the Securities Act of 1933, as amended,
and the rules and regulations of the SEC thereunder, all as in effect at the
time.

            (w) "Securities Purchase Agreement" means that certain Securities
Purchase Agreement dated a date even herewith between the Corporation and The
Shaar Fund Ltd.

            (x) "Series A Preferred Shares" or "Series A Preferred Stock" means
shares of the Series A 7% Convertible Preferred Stock of the Corporation or such
other convertible Preferred Stock exchanged therefor.

            (y) "Stated Value" has the meaning set forth in Article 2.

            (z) "Subsidiary" means any entity of which securities or other
ownership interests having ordinary voting power to elect a majority of the
board of directors or other persons performing similar functions are owned
directly or indirectly by the Corporation.

            (aa) "Trading Day" means any day on which purchases and sales of
securities authorized for quotation on OTCBB are reported thereon and on which
no Market Disruption Event has occurred.

            (bb) "Valuation Event" has the meaning set forth in Section 6.1.

            (cc) "Valuation Period" means the twenty Trading Day period
immediately preceding the Conversion Date.

            All references to "cash" or "$" herein means currency of the United
States of America.


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                                    ARTICLE 2
                             DESIGNATION AND AMOUNT

            The designation of this series, which consists of 1,000 shares of
Preferred Stock, is Series A 7% Convertible Preferred Stock (the "Series A
Preferred Stock") and the stated value shall be $1,000 per share (the "Stated
Value").

                                    ARTICLE 3
                                      RANK

            The Series A Preferred Stock shall rank: (i) prior to the Common
Stock; (ii) prior to any class or series of capital stock of the Corporation
hereafter created other than "Pari Passu Securities" (collectively, with the
Common Stock, "Junior Securities"); and (iii) pari passu with any class or
series of capital stock of the Corporation hereafter created specifically
ranking on parity with the Series A Preferred Stock ("Pari Passu Securities").

                                    ARTICLE 4
                                    DIVIDENDS

                  (a) (i) The Holder shall be entitled to receive, when, as and
      if declared by the Board of Directors, out of funds legally available for
      the payment of dividends, dividends (subject to Article 4(a)(ii) hereof)
      at the rate of 7% per annum (computed on the basis of a 360-day year) (the
      "Dividend Rate") on the Liquidation Value (as defined below) of each share
      of Series A Preferred Stock on and as of the most recent Dividend Payment
      Due Date (as defined below) with respect to each Dividend Period (as
      defined below). Dividends on the Series A Preferred Stock shall be
      cumulative from the date of issue, whether or not declared for any reason,
      including if such declaration is prohibited under any outstanding
      indebtedness or borrowings of the Corporation or any of its Subsidiaries,
      or any other contractual provision binding on the Corporation or any of
      its Subsidiaries, and whether or not there shall be funds legally
      available for the payment thereof.

                  (ii) Each dividend shall be payable in equal quarterly amounts
      on each March 31, June 30, September 30 and December 31 of each year
      (each, a "Dividend Payment Due Date"), commencing June 30, 1999, to the
      holders of record of shares of the Series A Preferred Stock, as they
      appear on the stock records of the Corporation at the close of business on
      any record date, not more than 60 days or less than 10 days preceding the
      payment dates thereof, as shall be fixed by the Board of Directors. For
      the purposes hereof, "Dividend Period" means the quarterly period
      commencing on and including the Issue Date (as defined below) or, if a
      dividend has previously been paid, the day after the immediately preceding
      Dividend Payment Due Date and ending on and including the immediately
      subsequent Dividend Payment Due Date. Accrued and unpaid dividends for any
      past Dividend Period may be declared and paid at any time, without
      reference to any Dividend Payment Due Date, to holders of record on such
      date, not more than 15 days preceding the payment date thereof, as may be
      fixed by the Board of Directors.


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                  (iii) At the option of the Corporation, the dividend shall be
      paid in cash or through the issuance of duly and validly authorized and
      issued, fully paid and nonassessable, freely tradeable shares of the
      Common Stock valued at the Market Price. The Common Stock to be issued in
      lieu of cash payments shall be registered for resale in the Registration
      Statement (as defined in the Registration Rights Agreement) to be filed by
      the Corporation to register the Common Stock issuable upon conversion of
      the shares of Series A Preferred Stock and exercise of the Warrants as set
      forth in the Registration Rights Agreement. Notwithstanding the foregoing,
      until such Registration Statement (as defined in the Registration Rights
      Agreement) has been declared effective under the Securities Act by the
      SEC, payment of dividends on the Series A Preferred Stock shall be in
      cash.

            (b) The Holder shall not be entitled to any dividends in excess of
the cumulative dividends, as herein provided, on the Series A Preferred Stock.
Except as provided in this Article 4, no interest, or sum of money in lieu of
interest, shall be payable in respect of any dividend payment or payments on the
Series A Preferred Stock that may be in arrears.

            (c) So long as any shares of the Series A Preferred Stock are
outstanding, no dividends, except as described in the next succeeding sentence,
shall be declared or paid or set apart for payment on Pari Passu Securities for
any period unless full cumulative dividends required to be paid in cash have
been or contemporaneously are declared and paid or declared and a sum sufficient
for the payment thereof set apart for such payment on the Series A Preferred
Stock for all Dividend Periods terminating on or prior to the date of payment of
the dividend on such class or series of Pari Passu Securities. When dividends
are not paid in full or a sum sufficient for such payment is not set apart, as
aforesaid, all dividends declared upon shares of the Series A Preferred Stock
and all dividends declared upon any other class or series of Pari Passu
Securities shall be declared ratably in proportion to the respective amounts of
dividends accumulated and unpaid on the Series A Preferred Stock and accumulated
and unpaid on such Pari Passu Securities.

            (d) So long as any shares of the Series A Preferred Stock are
outstanding, no dividends shall be declared or paid or set apart for payment or
other distribution declared or made upon Junior Securities, nor shall any Junior
Securities be redeemed, purchased or otherwise acquired (other than a
redemption, purchase or other acquisition of shares of Common Stock made for
purposes of an employee incentive or benefit plan (including a stock option
plan) of the Corporation or any subsidiary), (all such dividends, distributions,
redemptions or purchases being hereinafter referred to as a "Junior Securities
Distribution") for any consideration (or any moneys be paid to or made available
for a sinking fund for the redemption of any shares of any such stock) by the
Corporation, directly or indirectly, unless in each case (i) the full cumulative
dividends required to be paid in cash on all outstanding shares of the Series A
Preferred Stock and any other Pari Passu Securities shall have been paid or set
apart for payment for all past Dividend Periods with respect to the Series A
Preferred Stock and all past dividend periods with respect to such Pari Passu
Securities, and (ii) sufficient funds shall have been paid or set apart for the
payment of the dividend for the current Dividend Period with respect to the
Series A Preferred Stock and the current dividend period with respect to such
Pari Passu Securities.


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                                    ARTICLE 5
                             LIQUIDATION PREFERENCE

            (a) If the Corporation shall commence a voluntary case under the
Federal bankruptcy laws or any other applicable Federal or State bankruptcy,
insolvency or similar law, or consent to the entry of an order for relief in an
involuntary case under any law or to the appointment of a receiver, liquidator,
assignee, custodian, trustee, sequestrator (or other similar official) of the
Corporation or of any substantial part of its property, or make an assignment
for the benefit of its creditors, or admit in writing its inability to pay its
debts generally as they become due, or if a decree or order for relief in
respect of the Corporation shall be entered by a court having jurisdiction in
the premises in an involuntary case under the Federal bankruptcy laws or any
other applicable Federal or State bankruptcy, insolvency or similar law
resulting in the appointment of a receiver, liquidator, assignee, custodian,
trustee, sequestrator (or other similar official) of the Corporation or of any
substantial part of its property, or ordering the winding up or liquidation of
its affairs, and any such decree or order shall be unstayed and in effect for a
period of 30 consecutive days and, on account of any such event, the Corporation
shall liquidate, dissolve or wind up, or if the Corporation shall otherwise
liquidate, dissolve or wind up (each such event being considered a "Liquidation
Event"), no distribution shall be made to the holders of any shares of capital
stock of the Corporation upon liquidation, dissolution or winding up unless
prior thereto, the holders of shares of Series A Preferred Stock, subject to
this Article 5, shall have received the Liquidation Preference (as defined in
Article 5(c)) with respect to each share. If upon the occurrence of a
Liquidation Event, the assets and funds available for distribution among the
holders of the Series A Preferred Stock and holders of Pari Passu Securities
shall be insufficient to permit the payment to such holders of the preferential
amounts payable thereon, then the entire assets and funds of the Corporation
legally available for distribution to the Series A Preferred Stock and the Pari
Passu Securities shall be distributed ratably among such shares in proportion to
the ratio that the Liquidation Preference payable on each such share bears to
the aggregate Liquidation Preference payable on all such shares.

            (b) At the option of each Holder, the sale, conveyance of
disposition of all or substantially all of the assets of the Corporation, the
effectuation by the Corporation of a transaction or series of related
transactions in which more than 50% of the voting power of the Corporation is
disposed of, or the consolidation, merger or other business combination of the
Corporation with or into any other Person or Persons when the Corporation is not
the survivor shall either: (i) be deemed to be a liquidation, dissolution or
winding up of the Corporation pursuant to which the Corporation shall be
required to distribute, upon consummation of and as a condition to, such
transaction an amount equal to 120% of the Liquidation Preference with respect
to each outstanding share of Series A Preferred Stock in accordance with and
subject to the terms of this Article 5 or (ii) be treated pursuant to Article
5(c)(iii) hereof; provided, that all holders of Series A Preferred Stock shall
be deemed to elect the option set forth in clause (i) hereof if at least a
majority in interest of such holders elect such option.

            (c) For purposes hereof, the "Liquidation Preference" with respect
to a share of the Series A Preferred Stock shall mean an amount equal to the sum
of (i) the Stated Value thereof, plus (ii) an amount equal to 30% of such Stated
Value, plus (iii) the aggregate of all accrued and unpaid dividends on such
share of Series A Preferred Stock until the most recent


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Dividend Payment Due Date; provided that, in the event of an actual liquidation,
dissolution or winding up of the Corporation, the amount referred to in clause
(iii) above shall be calculated by including accrued and unpaid dividends to the
actual date of such liquidation, dissolution or winding up, rather than the
Dividend Payment Due Date referred to above.

                                    ARTICLE 6
                          CONVERSION OF PREFERRED STOCK

            Section 6.1 Conversion; Conversion Price.

            At the option of the Holder, the shares of Preferred Stock may be
converted, either in whole or in part, into Common Shares (calculated as to each
such conversion to the nearest 1/100th of a share), at any time, and from time
to time following the date of issuance of the Series A Preferred Stock (the
"Issue Date") at a Conversion Price per share of Common Stock equal to $2.10;
provided that any unconverted Series A Preferred Stock remaining 91 days after
the Closing Date may be converted, at the sole option of the Holder, at a
Conversion Price per share of Common Stock equal to the lesser of $2.10 and 85%
of the Market Price; provided, further, that any unconverted Series A Preferred
Stock remaining 120 days after the Closing Date may be converted, at the sole
option of the Holder, at a Conversion Price per share of Common Stock equal to
the lesser of $2.10 and 80% of the Market Price; provided, further, that any
unconverted Series A Preferred Stock remaining 150 days after the Closing Date
may be converted, at the sole option of the Holder, at a Conversion Price per
share of Common Stock equal to the lesser of $2.10 and 75% of the Market Price;
provided, further, that if the Corporation's Common Stock becomes ineligible for
trading on OTCBB, for any reason, then any remaining unconverted Series A
Preferred Stock may be converted, at the sole option of the Holder, at a
Conversion Price per share of Common Stock equal to 65% of the Market Price. At
the Corporation's option, the amount of accrued and unpaid dividends as of the
Conversion Date shall not be subject to conversion but instead may be paid in
cash as of the Conversion Date; if the Corporation elects to convert the amount
of accrued and unpaid dividends at the Conversion Date into Common Stock, the
Common Stock issued to the Holder shall be valued at the applicable Conversion
Price.

            The number of shares of Common Stock due upon conversion of Series A
Preferred Stock shall be (i) the number of shares of Series A Preferred Stock to
be converted, multiplied by (ii) the Stated Value and divided by (iii) the
applicable Conversion Price; provided, however, that, if on the Conversion Date,
the Current Market Price per Common Share is greater than $2.00, the number of
shares of Common Stock due upon conversion at the applicable Conversion Price
may, at the sole option of the Holder, be increased by an additional number of
shares up to the number of shares of Common Stock due upon conversion as
calculated in accordance with clauses (i), (ii) and (iii) above.

            Within two Business Days of the occurrence of a Valuation Event, the
Corporation shall send notice (the "Valuation Event Notice") of such occurrence
to the Holder. Notwithstanding anything to the contrary contained herein, if a
Valuation Event occurs during any Valuation Period, a new Valuation Period shall
begin on the Trading Day immediately following the occurrence of such Valuation
Event and end on the Conversion Date; provided that, if a Valuation Event occurs
on the fifth day of any Valuation Period, then the Conversion


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Price shall be the Current Market Price of the Common Shares on such day; and
provided, further, that the Holder may, in its discretion, postpone such
Conversion Date to a Trading Day which is no more than five Trading Days after
the occurrence of the latest Valuation Event by delivering a notification to the
Corporation within two Business Days of the receipt of the Valuation Event
Notice. In the event that the Holder deems the Valuation Period to be other than
the five Trading Days immediately prior to the Conversion Date, the Holder shall
give written notice of such fact to the Corporation in the related Conversion
Notice at the time of conversion.

            For purposes of this Section 6.1, a "Valuation Event" shall mean an
event in which the Corporation at any time during a Valuation Period takes any
of the following actions:

            (a) subdivides or combines its Capital Shares;

            (b) makes any distribution on its Capital Shares;

            (c) issues any additional Capital Shares (the "Additional Capital
Shares"), otherwise than as provided in the foregoing Sections 6.1(a) and 6.1(b)
above, at a price per share less, or for other consideration lower, than the
Current Market Price in effect immediately prior to such issuances, or without
consideration, except for issuances under employee benefit plans consistent with
those presently in effect and issuances under presently outstanding warrants,
options or convertible securities;

            (d) issues any warrants, options or other rights to subscribe for or
purchase any Additional Capital Shares and the price per share for which
Additional Capital Shares may at any time thereafter be issuable pursuant to
such warrants, options or other rights shall be less than the Current Market
Price in effect immediately prior to such issuance;

            (e) issues any securities convertible into or exchangeable or
exercisable for Additional Capital Shares and the consideration per share for
which Additional Capital Shares may at any time thereafter be issuable pursuant
to the terms of such convertible, exchangeable or exercisable securities shall
be less than the Current Market Price in effect immediately prior to such
issuance;

            (f) makes a distribution of its assets or evidences of indebtedness
to the holders of its Capital Shares as a dividend in liquidation or by way of
return of capital or other than as a dividend payable out of earnings or surplus
legally available for the payment of dividends under applicable law or any
distribution to such holders made in respect of the sale of all or substantially
all of the Corporation's assets (other than under the circumstances provided for
in the foregoing Sections 6.1(a) through 6.1(e)); or

            (g) takes any action affecting the number of Outstanding Capital
Shares, other than an action described in any of the foregoing Sections 6.1(a)
through 6.1(f) hereof, inclusive, which in the opinion of the Corporation's
Board of Directors, determined in good faith, would have a material adverse
effect upon the rights of the Holder at the time of a conversion of the
Preferred Stock.


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            Section 6.2 Exercise of Conversion Privilege.

            (a) Conversion of the Series A Preferred Stock may be exercised, in
whole or in part, by the Holder by telecopying an executed and completed notice
of conversion in the form annexed hereto as Annex I (the "Conversion Notice") to
the Corporation. Each date on which a Conversion Notice is telecopied to the
Corporation in accordance with the provisions of this Section 6.2 shall
constitute a Conversion Date. The Corporation shall convert the Preferred Stock
and issue the Common Stock Issued at Conversion, and all voting and other rights
associated with the beneficial ownership of the Common Stock Issued at
Conversion shall vest with the Holder, effective as of the Conversion Date at
the time specified in the Conversion Notice. The Conversion Notice also shall
state the name or names (with addresses) of the persons who are to become the
holders of the Common Stock Issued at Conversion in connection with such
conversion. The Holder shall deliver the shares of Series A Preferred Stock to
the Corporation by express courier within 30 days following the date on which
the telecopied Conversion Notice has been transmitted to the Corporation. Upon
surrender for conversion, the Preferred Stock shall be accompanied by a proper
assignment thereof to the Corporation or be endorsed in blank. As promptly as
practicable after the receipt of the Conversion Notice as aforesaid, but in any
event not more than five Business Days after the Corporation's receipt of such
Conversion Notice, the Corporation shall (i) issue the Common Stock issued at
Conversion in accordance with the provisions of this Article 6, and (ii) cause
to be mailed for delivery by overnight courier to the Holder (x) a certificate
or certificate(s) representing the number of Common Shares to which the Holder
is entitled by virtue of such conversion, (y) cash, as provided in Section 6.3
in respect of any fraction of a Common Share issuable upon such conversion and
(z) cash in the amount of accrued and unpaid dividends as of the Conversion
Date. Such conversion shall be deemed to have been effected at the time at which
the Conversion Notice indicates so long as the Series A Preferred Stock shall
have been surrendered as aforesaid at such time, and at such time the rights of
the Holder of the Series A Preferred Stock, as such, shall cease and the Person
or Persons in whose name or names the Common Stock Issued at Conversion shall be
issuable shall be deemed to have become the holder or holders of record of the
Common Shares represented thereby and all voting and other rights associated
with the beneficial ownership of such Common Shares shall at such time vest with
such Person or Persons. The Conversion Notice shall constitute a contract
between the Holder and the Corporation, whereby the Holder shall be deemed to
subscribe for the number of Common Shares which it will be entitled to receive
upon such conversion and, in payment and satisfaction of such subscription (and
for any cash adjustment to which it is entitled pursuant to Section 6.4), to
surrender the Series A Preferred Stock and to release the Corporation from all
liability thereon. No cash payment aggregating less than $1.00 shall be required
to be given unless specifically requested by the Holder.

            (b) If, at any time (i) the Corporation challenges, disputes or
denies the right of the Holder to effect the conversion of the Series A
Preferred Stock into Common Shares or otherwise dishonors or rejects any
Conversion Notice delivered in accordance with this Section 6.2 or (ii) any
third party who is not and has never been an Affiliate of the Holder commences
any lawsuit or proceeding or otherwise asserts any claim before any court or
public or governmental authority which seeks to challenge, deny, enjoin, limit,
modify, delay or dispute the right of the Holder hereof to effect the conversion
of the Series A Preferred Stock into Common Shares, then the Holder shall have
the right, by written notice to the Corporation, to


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require the Corporation to promptly redeem the Series A Preferred Stock for cash
at a redemption price equal to 125% of the Stated Value thereof together with
all accrued and unpaid dividends thereon (the "Mandatory Purchase Amount").
Under any of the circumstances set forth above, the Corporation shall be
responsible for the payment of all costs and expenses of the Holder, including
reasonable legal fees and expenses, as and when incurred in disputing any such
action or pursuing its rights hereunder (in addition to any other rights of the
Holder).

            Section 6.3 Fractional Shares.

            No fractional Common Shares or scrip representing fractional Common
Shares shall be issued upon conversion of the Series A Preferred Stock. Instead
of any fractional Common Shares which otherwise would be issuable upon
conversion of the Series A Preferred Stock, the Corporation shall pay a cash
adjustment in respect of such fraction in an amount equal to the same fraction.
No cash payment of less than $1.00 shall be required to be given unless
specifically requested by the Holder.

            Section 6.4 Reclassification, Consolidation, Merger or Mandatory
Share Exchange.

            At any time while the Series A Preferred Stock remains outstanding
and any shares thereof have not been converted, in case of any reclassification
or change of Outstanding Common Shares issuable upon conversion of the Series A
Preferred Stock (other than a change in par value, or from par value to no par
value per share, or from no par value per share to par value or as a result of a
subdivision or combination of outstanding securities issuable upon conversion of
the Series A Preferred Stock) or in case of any consolidation, merger or
mandatory share exchange of the Corporation with or into another corporation
(other than a merger or mandatory share exchange with another corporation in
which the Corporation is a continuing corporation and which does not result in
any reclassification or change, other than a change in par value, or from par
value to no par value per share, or from no par value per share to par value, or
as a result of a subdivision or combination of Outstanding Common Shares upon
conversion of the Series A Preferred Stock), or in the case of any sale or
transfer to another corporation of the property of the Corporation as an
entirety or substantially as an entirety, the Corporation, or such successor,
resulting or purchasing corporation, as the case may be, shall, without benefit
of any additional consideration therefor, execute a new Preferred Stock
providing that the Holder shall have the right to convert such new Preferred
Stock (upon terms and conditions not less favorable to the Holder than those in
effect pursuant to the Series A Preferred Stock) and to receive upon such
exercise, in lieu of each Common Share theretofore issuable upon conversion of
the Series A Preferred Stock, the kind and amount of shares of stock, other
securities, money or property receivable upon such reclassification, change,
consolidation, merger, mandatory share exchange, sale or transfer by the holder
of one Common Share issuable upon conversion of the Series A Preferred Stock had
the Series A Preferred Stock been converted immediately prior to such
reclassification, change, consolidation, merger, mandatory share exchange or
sale or transfer. The provisions of this Section 6.4 shall similarly apply to
successive reclassifications, changes, consolidations, mergers, mandatory share
exchanges and sales and transfers.


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            Section 6.5 Adjustments to Conversion Ratio.

            For so long as any shares of the Series A Preferred Stock are
outstanding, if the Corporation: (i) issues and sells pursuant to an exemption
from registration under the Securities Act (A) Common Shares at a purchase price
on the date of issuance thereof that is lower than the Conversion Price, (B)
warrants or options with an exercise price representing a percentage of the
Current Market Price with an exercise price on the date of issuance of the
warrants or options that is lower than the agreed upon exercise price for the
Holder, except for employee stock option agreements or stock incentive
agreements of the Corporation, or (C) convertible, exchangeable or exercisable
securities with a right to exchange at lower than the Current Market Price on
the date of issuance or conversion, as applicable, of such convertible,
exchangeable or exercisable securities, except for stock option agreements or
stock incentive agreements; and (ii) grants the right to the purchaser(s)
thereof to demand that the Corporation register under the Securities Act such
Common Shares issued or the Common Shares for which such warrants or options may
be exercised or such convertible, exchangeable or exercisable securities may be
converted, exchanged or exercised, then the Conversion Ratio shall be reduced to
equal the lowest of any such lower rates.

            Section 6.6 Optional Redemption Under Certain Circumstances.

            At anytime after the date of issuance of the Series A Preferred
Stock until the Mandatory Conversion Date (as defined below), the Corporation,
upon notice delivered to the Holder as provided in Section 6.7, may redeem, in
cash, the Series A Preferred Stock (but only with respect to such shares as to
which the Holder has not theretofore furnished a Conversion Notice in compliance
with Section 6.2), at 125% of the Stated Value thereof (the "Optional Redemption
Price"), together with all accrued and unpaid dividends thereon to the date of
redemption (the "Redemption Date"); provided, however, that the Corporation may
only redeem the Series A Preferred Stock under this Section 6.6 if the Current
Market Price is less than the Current Market Price on the Closing Date. Except
as set forth in this Section 6.6, the Corporation shall not have the right to
prepay or redeem the Series A Preferred Stock.

            Section 6.7 Notice of Redemption.

            Notice of redemption pursuant to Section 6.6 shall be provided by
the Corporation to the Holder in writing (by registered mail or overnight
courier at the Holder's last address appearing in the Corporation's security
registry) not less than 10 nor more than 15 days prior to the Redemption Date,
which notice shall specify the Redemption Date and refer to Section 6.6
(including a statement of the Market Price per Common Share) and this Section
6.7.

            Section 6.8 Surrender of Preferred Stock.

            Upon any redemption of the Series A Preferred Stock pursuant to
Sections 6.6 or 6.7, the Holder shall either deliver the Series A Preferred
Stock by hand to the Corporation at its principal executive offices or surrender
the same to the Corporation at such address by express courier. Payment of the
optional Redemption Price specified in Section 6.6 shall be made by the
Corporation to the Holder against receipt of the Series A Preferred Stock (as
provided in this Section 6.8) by wire transfer of immediately available funds to
such account(s) as the Holder


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<PAGE>   12

shall specify to the Corporation. If payment of such redemption price is not
made in full by the Mandatory Redemption Date or the Redemption Date, as the
case may be, the Holder shall again have the right to convert the Series A
Preferred Stock as provided in Article 6 hereof.

            Section 6.9 Mandatory Conversion.

            On the third anniversary of the date of this Agreement (the
"Mandatory Conversion Date"), the Corporation shall convert all Series A
Preferred Stock outstanding at the Conversion Price.

            Section 6.10 Certain Conversion Limitations.

            (a) Notwithstanding anything herein to the contrary, the Holder
shall not have the right, and the Corporation shall not have the obligation, to
convert all or any portion of the Series A Preferred Stock (and the Corporation
shall not have the right to pay dividends on the Series A Preferred Stock in
shares of Common Stock) if and to the extent that the issuance to the Holder of
shares of Common Stock upon such conversion (or payment of dividends) would
result in the Holder being deemed the "beneficial owner" of more than 5% of the
then outstanding shares of Common Stock within the meaning of Section 13(d) of
the Securities Exchange Act of 1934, as amended, and the rules promulgated
thereunder. If any court of competent jurisdiction shall determine that the
foregoing limitation is ineffective to prevent a Holder from being deemed the
beneficial owner of more than 5% of the then outstanding shares of Common Stock,
then the Corporation shall redeem so many of such Holder's shares (the
"Redemption Shares") of Series A Preferred Stock as are necessary to cause such
Holder to be deemed the beneficial owner of not more than 5% of the then
outstanding shares of Common Stock. Upon such determination by a court of
competent jurisdiction, the Redemption Shares shall immediately and without
further action be deemed returned to the status of authorized but unissued
shares of Series A Preferred Stock and the Holder shall have no interest in or
rights under such Redemption Shares. Any and all dividends paid on or prior to
the date of such determination shall be deemed dividends paid on the remaining
shares of Series A Preferred Stock held by the Holder. Such redemption shall be
for cash at a redemption price equal to the sum of (i) the Stated Value of the
Redemption Shares and (ii) any accrued and unpaid dividends to the date of such
redemption; provided, however, if the redemption is a result of the mandatory
conversion pursuant to Section 6.9, the Corporation may either (i) make such
redemption in cash at a redemption price equal to the sum of (x) 135% of the
Stated Value of such shares and (y) any accrued and unpaid dividends to the date
of such redemption or (ii) extend the Mandatory Conversion Date for a period of
one year.

            (b) Unless the Corporation shall have obtained the approval of its
voting stockholders to such issuance in accordance with the rules of the OTCBB
or such other stock market with which the Corporation shall be required to
comply, but only to the extent required thereby, the Corporation shall not issue
shares of Common Stock (i) upon conversion of any shares of Series A Preferred
Stock or (ii) as a dividend on the Series A Preferred Stock, if such issuance of
Common Stock, when added to the number of shares of Common Stock previously
issued by the Corporation (i) upon conversion of shares of the Series A
Preferred Stock, (ii) upon exercise of the Warrants issued pursuant to the terms
of the Securities Purchase Agreement and (iii) in payment of dividends on the
Series A Preferred Stock, would equal or exceed 20% of the


                                       12
<PAGE>   13

number of shares of the Corporation's Common Stock which were issued and
outstanding on the Closing Date (the "Maximum Issuance Amount"). In the event
that a properly executed Conversion Notice is received by the Corporation which
would require the Corporation to issue shares of Common Stock equal to or in
excess of the Maximum Issuance Amount, the Corporation shall honor such
conversion request by (i) converting the number of shares of Series A Preferred
Stock stated in the Conversion Notice not in excess of the Maximum Issuance
Amount and (ii) redeeming the number of shares of Series A Preferred Stock
stated in the Conversion Notice equal to or in excess of the Maximum Issuance
Amount in cash at a price equal to 125% of the Stated Value of the shares of
Series A Preferred Stock to be so redeemed, together with all accrued and unpaid
dividends thereon. In the event that the Corporation shall elect to pay a
dividend in shares of Common Stock which would require the Corporation to issue
shares of Common Stock equal to or in excess of the Maximum Issuance Amount, the
Corporation shall pay (i) a dividend in shares of Common Stock equal to one less
than an amount which would result in the Corporation issuing shares equal to the
Maximum Issuance Amount and (ii) the balance of the dividend in cash.

                                    ARTICLE 7
                                  VOTING RIGHTS

            The holders of the Series A Preferred Stock have no voting power,
except as otherwise provided by the Florida Business Corporation Act ("FBCA"),
in this Article 7, and in Article 8 below.

            Notwithstanding the above, the Corporation shall provide each Holder
of Series A Preferred Stock with prior notification of any meeting of the
shareholders (and copies of proxy materials and other information sent to
shareholders). In the event of any taking by the Corporation of a record of its
shareholders for the purpose of determining shareholders who are entitled to
receive payment of any dividend or other distribution, any right to subscribe
for, purchase or otherwise acquire (including by way of consolidation or
recapitalization) any share of any class or any other securities or property, or
to receive any other right, or for the purpose of determining shareholders who
are entitled to vote in connection with any proposed liquidation, dissolution or
winding up of the Corporation, the Corporation shall mail a notice to each
Holder, at least 30 days prior to the consummation of the transaction or event,
whichever is earlier), of the date on which any such action is to be taken for
the purpose of such dividend, distribution, right or other event, and a brief
statement regarding, the amount and character of such dividend, distribution,
right or other event to the extent known at such time.

            To the extent that under the FBCA the vote of the Holders of the
Series A Preferred Stock, voting separately as a class or series as applicable,
is required to authorize a given action of the Corporation, the affirmative vote
or consent of the Holders of at least a majority of the outstanding shares of
the Series A Preferred Stock represented at a duly held meeting at which a
quorum is present or by written consent of a majority of the outstanding shares
of Series A Preferred Stock (except as otherwise may be required under the FBCA)
shall constitute the approval of such action by the class. To the extent that
under the FBCA holders of the Series A Preferred Stock are entitled to vote on a
matter with holders of Common Stock, voting together as one class, each share of
Series A Preferred Stock shall be entitled to a number of votes equal to the
number of shares of Common Stock into which it is then convertible using


                                       13
<PAGE>   14

the record date for the taking of such vote of shareholders as the date as of
which the Conversion Price is calculated. Holders of the Series A Preferred
Stock shall be entitled to notice of all shareholder meetings or written
consents (and copies of proxy materials and other information sent to
shareholders) with respect to which they would be entitled to vote, which notice
would be provided pursuant to the Corporation's bylaws and the FBCA.

                                    ARTICLE 8
                              PROTECTIVE PROVISIONS

            So long as shares of Series A Preferred Stock are outstanding, the
Corporation shall not, without first obtaining the approval (by vote or written
consent, as provided by the FBCA) of the Holders of at least a majority of the
then outstanding shares of Series A Preferred Stock:

            (a) alter or change the rights, preferences or privileges of the
Series A Preferred Stock;

            (b) create any new class or series of capital stock having a
preference over the Series A Preferred Stock as to distribution of assets upon
liquidation, dissolution or winding up of the Corporation ("Senior Securities")
or alter or change the rights, preferences or privileges of any Senior
Securities so as to affect adversely the Series A Preferred Stock;

            (c) increase the authorized number of shares of Series A Preferred
Stock; or

            (d) do any act or thing not authorized or contemplated by these
Designation Articles which would result in taxation of the holders of shares of
the Series A Preferred Stock under Section 305 of the Internal Revenue Code of
1986, as amended (or any comparable provision of the Internal Revenue Code as
hereafter from time to time amended).

            In the event Holder's of least a majority of the then outstanding
shares of Series A Preferred Stock agree to allow the Corporation to alter or
change the rights, preferences or privileges of the shares of Series A Preferred
Stock, pursuant to subsection (a) above, so as to affect the Series A Preferred
Stock, then the Corporation will deliver notice of such approved change to the
Holders of the Series A Preferred Stock that did not agree to such alteration or
change (the "Dissenting Holders") and Dissenting Holders shall have the right
for a period of 30 days to convert pursuant to the terms of these Designation
Articles as they exist prior to such alteration or change or continue to hold
their shares of Series A Preferred Stock.

                                    ARTICLE 9
                                  MISCELLANEOUS

            Section 9.1 Loss, Theft, Destruction of Property Preferred Stock.

            Upon receipt of evidence satisfactory to the Corporation of the
loss, theft, destruction or mutilation of shares of Series A Preferred Stock
and, in the case of any such loss, theft or destruction, upon receipt of
indemnity or security reasonably satisfactory to the Corporation, or, in the
case of any such mutilation, upon surrender and cancellation of the Series


                                       14
<PAGE>   15

A Preferred Stock, the Corporation shall make, issue and deliver, in lieu of
such lost, stolen, destroyed or mutilated shares of Series A Preferred Stock,
new shares of Series A Preferred Stock of like tenor. The Series A Preferred
Stock shall be held and owned upon the express condition that the provisions of
this Section 9.1 are exclusive with respect to the replacement of mutilated,
destroyed, lost or stolen shares of Series A Preferred Stock and shall preclude
any and all other rights and remedies notwithstanding any law or statute
existing or hereafter enacted to the contrary with respect to the replacement of
negotiable instruments or other securities without the surrender thereof.

            Section 9.2 Who Deemed Absolute Owner.

            The Corporation may deem the Person in whose name the Series A
Preferred Stock shall be registered upon the registry books of the Corporation
to be, and may treat it as, the absolute owner of the Series A Preferred Stock
for the purpose of receiving payment of dividends on the Series A Preferred
Stock, for the conversion of the Series A Preferred Stock and for other
purposes, and the Corporation shall not be affected by any notice to the
contrary. All such payments and such conversion shall be valid and effectual to
satisfy and discharge the liability upon the Series A Preferred Stock to the
extent of the sum or sums so paid or the conversion so made.

            Section 9.3 Notice of Certain Events.

            In the case of the occurrence of any event described in Sections
6.1, 6.6 or 6.7 of these Designation Articles, the Corporation shall cause to be
mailed to the Holder of the Series A Preferred Stock at its last address as it
appears in the Corporation's security registry, at least 20 days prior to the
applicable record, effective or expiration date hereinafter specified (or, if
such 20-days notice is not possible, at the earliest possible date prior to any
such record, effective or expiration date), a notice stating (x) the date on
which a record is to be taken for the purpose of such dividend, distribution,
issuance or granting of rights, options or warrants, or if a record is not to be
taken, the date as of which the Holders of record of Series A Preferred Stock to
be entitled to such dividend, distribution, issuance or granting of rights,
options or warrants are to be determination or the date on which such
reclassification, consolidation, merger, sale, transfer, dissolution,
liquidation or winding up is expected to become effective, and (y) the date as
of which it is expected that Holders of record of Series A Preferred Stock will
be entitled to exchange their shares for securities, cash or other property
deliverable upon such reclassification, consolidation, merger, sale transfer,
dissolution, liquidation or winding up.

            Section 9.4 Register.

            The Corporation shall keep at its principal office a register in
which the Corporation shall provide for the distribution of the Series A
Preferred Stock. Upon any transfer of the Series A Preferred Stock in accordance
with the provisions hereof, the Corporation shall register such transfer on the
Series A Preferred Stock register.

            Section 9.5 Withholding.

            To the extent required by applicable law, the Corporation may
withhold amounts for or on account of any taxes imposed or levied by or on
behalf of any taxing authority in the


                                       15
<PAGE>   16

United States having jurisdiction over the Corporation from any payments made
pursuant to the Series A Preferred Stock.

            Section 9.6 Headings.

            The Headings of the Articles and Sections of these Designation
Articles are inserted for convenience only and do not constitute a part of these
Designation Articles.

            SECOND The date of the foregoing amendment's adoption was March 29,
1999.

            THIRD: The foregoing amendment was adopted by the Board of Directors
without shareholder approval and shareholder action was not required.


                                       16
<PAGE>   17

            IN WITNESS WHEREOF, the Corporation has caused these Articles of
Amendment to be signed by its duly authorized officers on _______________, 1999.

                                        TOUPS TECHNOLOGY LICENSING, Incorporated

                                        By: /s/ Mark Clancy
                                           -------------------------------------
                                           Name: Mark Clancy
                                           Title: Director
                                                  Executive Vice President
                                                  Corporate Secretary

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