<PAGE>
 
                         Courseware License Agreement

                        Agreement Number: ET-970801-DF

**Indicates that a portion of the document is confidential and has been omitted
and filed separately with the Securities and Exchange Commission in connection
with a request for confidential treatment of such omitted material.

This Agreement effective as of July 31, 1997 ("Effective Date") is between Wave
Technologies International, Inc. ("WAVE") with an address at 10845 Olive
Boulevard, Suite 250, St. Louis, MO 63141, and International Business Machines
Corporation ("IBM") with an address at 1500 RiverEdge Parkway, Atlanta, GA
30328.  Under this Agreement, IBM licenses from WAVE training course(s) known as
Microsoft Networking/MSCE (Microsoft Certified Systems Engineer) Self-Study
Program, Release 4.0 and Microsoft Networking/MSCE instructor led training
materials.

By signing below, the parties agree to the terms of this Agreement.  The
complete Agreement between the parties regarding this transaction consists of
this License Agreement and the following Attachments:

     1.   "Description of Licensed Work(s);"
     2.   "Schedule;"
     3.   "Travel Expense Reimbursement;
     4.   "Maintenance and Product Support;" and
     5.   "Certificate of Originality."

The following are related agreements between the parties:

     1.   Courseware Remarketing Agreement No: T97262-00; and
     2.   IBM Agreement for Exchange of Confidential Information.

This Agreement replaces all prior oral or written communications between the
parties relating to the subject matter.  Once signed, any reproduction of this
Agreement made by reliable means (for example, photocopy or facsimile) is
considered an original, unless prohibited by local law.

     ACCEPTED AND AGREED TO:                  ACCEPTED AND AGREED TO:

     International Business Machines          Wave Technologies International,
     Corporation Inc.

     By: /s/ T.W. Cook for John Farrell       By:    /s/ Kenneth W. Kousky
        -------------------------------          -------------------------------
        Authorized Signature                     Authorized Signature

     Name:   T.W. Cook for John Farrell       Name:    Kenneth W. Kousky
          -----------------------------            -----------------------------
        Type or Print                            Type or Print
<PAGE>
 
     Title:________________________________    Title:    CEO
                                                     ---------------------------

     Date:        9/3/97                       Date:      9/3/97
           --------------------------------         ----------------------------

1.0 DEFINITIONS
Capitalized terms in the Agreement have the following meanings.

1.1. Classroom Materials is that Licensed Work further defined in the
     Attachment: Description of Licensed Works.

1.2. Code is computer programming code, including both Object Code and Source
     Code.

     a.   Object Code is Code substantially in binary form, and includes header
          files of the type necessary for use or interoperation with other
          computer programs.  It is directly executable by a computer after
          processing or linking, but without compilation or assembly.  Object
          Code is all Code other than Source Code.

     b.   Source Code is Code in a form which when printed out or displayed is
          readable and understandable by a programmer of ordinary skills.  It
          includes related source code level system documentation, comments and
          procedural code.  Source Code does not include Object Code.

1.3. Deliverable is any item that WAVE provides under this Agreement.

1.4. Derivative Work is a work that is based on an underlying work and that
     would be a copyright infringement if prepared without the authorization of
     the copyright owners of the underlying work.  Derivative Works are subject
     to the ownership rights and licenses of a party or of others in the
     underlying work.

1.5. Enhancements are changes or additions, other than Error Corrections, to the
     Licensed Work.

     a.   Basic Enhancements are all Enhancements, other than Major
          Enhancements, including those that support new releases of operating
          systems, devices, or other components of the operating environment.

     b.   Major Enhancements provide substantial additional value and are
          provided to WAVE's existing customers for an additional charge.

1.6. Error Corrections are revisions that correct errors and deficiencies
     (collectively referred to as "errors") in the Licensed Work.

1.7. Externals are (1) any pictorial, graphic, and audiovisual works (such as
     icons, screens, sounds, and characters) generated by execution of Code
     which are not part of

Page 2 of 22
<PAGE>
 
      the educational content of the Product, and (2) any programming
      interfaces, languages or protocols implemented in Code to enable
      interaction with other computer programs or the end user. Externals do not
      include the Code that implements them.

1.8.  IBM Internal Use is use by IBM's employees, contractors providing services
      to IBM under contract, IBM Business Partners, or others providing IBM
      assistance in its marketing or delivery channels. However, IBM or other
      sublicensees may not charge such contractors, Business Partners, or others
      for the Products. For the purposes of this paragraph, references to IBM
      also include IBM Subsidiaries.

1.9.  Licensed Work is (1) any material described in or that conforms to the
      description in the Attachment: Description of Licensed Works, or that is
      delivered to IBM as a Licensed Work, including (but not limited to) Code,
      associated documentation, and Externals, (2) Error Corrections and
      Enhancements, and 3) any non-English translations of the Licensed Works
      owned or licensable at no cost to WAVE.

1.10. Moral Rights are personal rights associated with authorship of a work
      under applicable law. They include the rights to approve modifications and
      to require authorship identification.

1.11. Product is an offering to customers or other users, whether or not branded
      by IBM or its Subsidiaries, that includes a Licensed Work or a Derivative
      Work of a Licensed Work.

1.12. Self-Study Kit is that Licensed Work further defined in the Attachment:
      Description of Licensed Works.

1.13. Source Materials are all materials reasonably necessary for IBM to
      efficiently manufacture, produce, maintain and enhance the Licensed Works.
      Examples of Source Materials include, but are not limited to, Source Code,
      camera ready masters, data files created or used by Tools (for example **
      or **).

1.14. Subsidiary is an entity during the time that more than 50% of its voting
      stock is owned or controlled, directly or indirectly, by another entity.
      If there is no voting stock, a Subsidiary is an entity during the time
      that more than 50% of its decision-making power is controlled, directly or
      indirectly, by another entity.

1.15. Tools include devices, compilers, programming, documentation, media and
      other items required for the development, maintenance or implementation of
      a Deliverable that are not commercially available.

2.0 RESPONSIBILITIES OF WAVE

2.1.  WAVE will provide the following Deliverables to IBM:

Page 3 of 22
<PAGE>
 
     a.   one complete set of each Licensed Work described in the Attachment:
          Description of Licensed Works, and any Source Materials,
          documentation, Code or Tools.  All such source materials and Tools
          will be deposited and delivered on CD-ROM.  Such source materials will
          also be delivered with each Enhancement;

     b.   Tools.  The Tools for the Licensed Works are identified below.

<TABLE>
<CAPTION>
================================================================================
                                    Version/
Description                         Release                     Owner
--------------------------------------------------------------------------------
<S>                                 <C>                         <C>
 
Challenge! Interactive:
--------------------------------------------------------------------------------
**                                                              WAVE
--------------------------------------------------------------------------------
**                                                              WAVE
================================================================================
</TABLE>

          WAVE will deliver the Tools to IBM no later than sixty (60) days from
          the Effective Date.  WAVE will provide an updated written list to IBM
          for all changes and promptly deliver updated Tools to IBM;

     c.   any updates to the following list.  This list identifies any
          commercially available devices, compilers, programming, documentation,
          media and other items required for the development, maintenance or
          implementation of a Deliverable:


<TABLE>
<CAPTION>
================================================================================
                                    Version/
Description                         Release                     Owner
--------------------------------------------------------------------------------
<S>                                 <C>                         <C>

Challenge! Interactive:
--------------------------------------------------------------------------------
**                                  4 & 5                       **
--------------------------------------------------------------------------------
**                                  4                           **
--------------------------------------------------------------------------------
**                                  3                           **
--------------------------------------------------------------------------------
**                                  5                           **
--------------------------------------------------------------------------------
**                                  4                           **
--------------------------------------------------------------------------------
**                                  2.0                         **
--------------------------------------------------------------------------------
</TABLE>

Page 4 of 22
<PAGE>

------------------------------------------------------------------------------- 
  **                           5                 **
------------------------------------------------------------------------------- 
  **                           2.0               **
------------------------------------------------------------------------------- 
  **
------------------------------------------------------------------------------- 
 
  Simulation:
------------------------------------------------------------------------------- 
  **                                             **
------------------------------------------------------------------------------- 
  **                                             **
------------------------------------------------------------------------------- 
  **                           3.5               **
------------------------------------------------------------------------------- 
  **                                             **
------------------------------------------------------------------------------- 
  **                           4                 **
------------------------------------------------------------------------------- 
  **                           5.0               **
------------------------------------------------------------------------------- 
  **                           7.0               **
------------------------------------------------------------------------------- 
  **                           4                 **
------------------------------------------------------------------------------- 
  **                                             **
------------------------------------------------------------------------------- 
  **                                             **
------------------------------------------------------------------------------- 
  **                           5                 **
------------------------------------------------------------------------------- 
  **                           2.0               **
------------------------------------------------------------------------------- 
 
  Videos:
------------------------------------------------------------------------------- 
  **                           1.19              **
------------------------------------------------------------------------------- 
  **                           2.52              **
------------------------------------------------------------------------------- 
  **                           7.0               **
------------------------------------------------------------------------------- 
  **                           2.5               **
------------------------------------------------------------------------------- 
  **                                             **
------------------------------------------------------------------------------- 
 
 Printed Books:
------------------------------------------------------------------------------- 
  **                           7.0               **
------------------------------------------------------------------------------ 
  **                           4                 **
------------------------------------------------------------------------------- 
  **                           4                 **
-------------------------------------------------------------------------------
Page 5 of 22
<PAGE>

<TABLE> 
<CAPTION> 
<S>                             <C>              <C>  
--------------------------------------------------------------------------------
  Chat Sessions:
 
  **                            2.0              **
--------------------------------------------------------------------------------
  **                            2.0              **
================================================================================
</TABLE>


          WAVE's delivery obligations for Tools does not apply to the items
          listed in this chart;

     d.   a completed certificate of originality with the Licensed Works, and
          with each Enhancement to a Licensed Work, in the form specified in the
          Attachment: Certificate of Originality. IBM may suspend payments to
          WAVE for the Licensed Work(s) if WAVE does not provide a properly
          completed certificate.  Payment will resume after IBM receives and
          accepts the certificate.

2.2  For the term of this Agreement, WAVE will, **  provide to IBM maintenance
     and Product support for the Licensed Works and Products, as described the
     Attachment: Maintenance and Product Support.


2.3. During the term of this Agreement, WAVE will:

     a.   provide to IBM,  **  all Basic Enhancements and Error Corrections for
          the Licensed Works;

     b.   at IBM's option, provide all Major Enhancements for the Classroom
          Materials at the price specified in Section 4 of this Agreement; and

     c.   provide to IBM, **  all Major Enhancements for the Self-Study Kit.

     Thereafter, and continuing for five (5) years, WAVE will offer to IBM,
     within 30 days after general availability, all Major Enhancements to the
     Classroom Materials that WAVE creates or authorizes others to create.  Such
     Major Enhancements will, at IBM's option, be provided at the price
     specified in Section 4 of this Agreement.  WAVE will make such Major
     Enhancements available to IBM under terms and conditions no less favorable
     than those WAVE offers anyone else.

2.4. WAVE will:

Page 6 of 22
<PAGE>
 
     a.   participate in progress reviews, as requested by IBM, to demonstrate
          WAVE's performance of WAVE's obligations;

     b.   conduct three (3) skills transfer "Teach The Teacher" (T3) classes at
          a dates and locations to be determined by IBM.  These classes will
          provide the information and instruction needed for IBM personnel to
          conduct classes using the Classroom Materials.  IBM will reimburse
          WAVE's travel expenses pursuant to the Attachment: Travel Expense
          Reimbursement;

     c.   at IBM's option, provide Additional Support Services for each
          individual end-user registered by IBM with WAVE.  WAVE is obligated to
          provide additional Support Services only in English.  WAVE provided
          Additional Support Services include:

          1)   telephone, email, bulletin board, and other ongoing tutorial
               services provided to address questions regarding the subject
               matter covered in the Products;

          2)   chat sessions.  WAVE will schedule one chat session for every two
               Self-Study Kits registered by IBM for Additional Support
               Services.  Any required chat session software will be provided
               with each Self-Study Kit.  Chat sessions will be conducted live
               as scheduled and last a maximum of two (2) hours.  Chat sessions
               can be canceled after 30 minutes of non-attendance by IBM
               students and WAVE's obligation will be considered discharged.
               Except for chat sessions canceled for non-attendance by IBM
               students as provided in the paragraph above, WAVE will pay IBM a
               penalty of  **  for each chat session canceled or rescheduled by
               WAVE.  IBM may, at its option, require additional chat sessions;
               and

          3)   initial welcome calls.  WAVE will call each end-user within 24
               hours of IBM's registration of such end-user for Additional
               Support Services.

     d.   provide up to four half-day enhancements to the Licensed Works
          addressing differentiating topics.  These topics will be chosen by IBM
          at a later date and may include OS/2 Integration, SNA Services (other
          than Microsoft SNA Server) and other related topics.  The four half-
          day segments will correspond to approximately five hours of self-study
          materials and will incorporate both WAVE's expertise as well as IBM
          support.  This work will consist of no more than 80 hours of
          development time and all compensation for this effort is included the
          payments specified in Section 4.0 of the Agreement entitled Payment.
          If WAVE determines that the work specified by IBM cannot be completed
          in 80 hours, it will immediately notify IBM and provide IBM with

Page 7 of 22
<PAGE>
 
          the estimated hours and costs to complete such work.  WAVE will not
          exceed the 80 hours limit without IBM's written approval and a
          supporting IBM purchase order.  WAVE's hourly rate to complete such
          work will not exceed ** per hour;
 
     e.   deliver to IBM a Major Enhancement to the Licensed Works within thirty
          (30) days of the generally availability of a new release/version of
          the Microsoft software products covered in the Licensed Works (for
          example a new release/version of Windows NT).  WAVE's failure to meet
          this obligation is a material breach of this Agreement.  In addition
          to other remedies provided in this Agreement and at law, WAVE will pay
          IBM a penalty ** per day until such Major Enhancement is delivered to
          IBM;
 
     f.   notify IBM ninety (90) days in advance of any Enhancement which
          changes the supported operating environment of the Licensed Works;

     g.   implement a process designed to help prevent contamination by harmful
          code.  WAVE will provide IBM notice if WAVE suspects contamination;

     h.   have agreements with WAVE's personnel and third parties to perform
          obligations and to grant or assign rights to IBM as required by this
          Agreement.  On request, WAVE will provide IBM with evidence of these
          agreements;


     i.   obtain a written agreement not to assert any Moral Rights from any
          person or entity having Moral Rights in the Licensed Works.  WAVE
          agrees not to assert any Moral Rights in the Licensed Works;

     j.   obtain all necessary consents of individuals or entities required for
          the use of names, likenesses, voices, and the like in the Licensed
          Works;

     k.   maintain records to verify authorship of the Licensed Works for 4
          years after the termination or expiration of this Agreement.  On
          request, WAVE will deliver or otherwise make available this
          information in a form specified by IBM;

     l.   provide IBM with financial information about WAVE's business relevant
          to WAVE's performance under this Agreement on request.  So long as
          WAVE is subject to the reporting requirements of the Security and
          Exchange Commission, the financial information made available to the
          public in connection with those reporting requirements shall be deemed
          to satisfy this requirement.  In addition, both parties will provide
          the other with relevant information concerning transactions under this
          Agreement;

Page 8 of 22
<PAGE>
 
     m.   except pursuant to a sale of substantially all of its assets, or a
          merger or similar transaction, not assign or transfer this Agreement
          or WAVE's rights under it, or delegate or subcontract WAVE's
          obligations, without IBM's prior written consent.  Any attempt to do
          so is void;

     n.   except as required by law, not provide any information to the media,
          or issue any press releases or other publicity, regarding this
          Agreement or the parties' relationship under it, without IBM's prior
          written consent; and

     o.   not disclose to any third party the terms of this Agreement (except
          those terms which become public knowledge through no fault of WAVE),
          without IBM's prior written consent.  WAVE may, however, make such
          disclosures (i) to its accountants, lawyers or other professional
          advisors provided that any such advisor is under a confidentiality
          obligation and (ii) as required by law provided WAVE obtains any
          confidentiality treatment for it which is available.

2.5  WAVE acknowledges that if it does not deliver the Licensed Works, IBM will
     suffer irreparable harm and will be entitled to all equitable remedies,
     including specific performance for the delivery of such Licensed Works.

2.6  WAVE represents and warrants that 1) it will obtain ** within 120 days of
     general availability of the relevant Enhancement, and 2) the Licensed Works
     conform to WAVE's marketing materials and specifications including the
     specified operating environments.

     Derivative Works of the Self-Study Kit, other than those prepared by WAVE,
     are not authorized to use any ** trademark under this Agreement.

3.0  LICENSE

3.1  Subject to the limitations specified in Subsection 3.8 below, WAVE grants
     IBM a nonexclusive, worldwide, perpetual, irrevocable license to prepare
     Derivative Works of the Licensed Works, and to use, execute, reproduce,
     display, perform, transfer, distribute and sublicense the Licensed Works
     and such Derivative Works, in any medium or distribution technology
     whatsoever, whether known or unknown.  Subject to the limitations specified
     in Subsection 3.8 below, WAVE grants IBM the right to authorize or
     sublicense others to exercise any of the rights granted to IBM in this
     Section.

3.2  Subject to the limitations specified in Subsection 3.8 below, WAVE grants
     IBM a nonexclusive, worldwide, perpetual, irrevocable, paid-up license to
     prepare Derivative Works of the Tools, and to use, execute, reproduce,
     display, perform, and distribute for IBM Internal Use the Tools and such
     Derivative Works, in any medium or

Page 9 of 22
<PAGE>
 
     distribution technology whatsoever, whether known or unknown.  Subject to
     the limitations specified in Subsection 3.8 below, the rights and licenses
     granted by WAVE to IBM hereunder include the right of IBM to authorize or
     sublicense its Subsidiaries, contractors, and consultants to exercise any
     of the rights granted to IBM in this Section.

3.3  Subject to the limitations specified in Subsection 3.8 below, the grant of
     rights and licenses to the Licensed Works and Tools includes a
     nonexclusive, worldwide, perpetual, irrevocable, paid-up license under any
     patents and patent applications that are owned or licensable by WAVE now or
     in the future and are (1) required to make, have made, use and have used
     the Licensed Works or its Derivative Works or (2) required to license or
     transfer the Licensed Works or its Derivative Works.  This license applies
     to the Licensed Works and its Derivative Works operating alone or in
     combination with equipment or Code.  Subject to the limitations specified
     in Subsection 3.8 below, the license scope is to make, have made, use, have
     used, sell, license or transfer items, and to practice and have practiced
     methods, to the extent required to exercise the rights granted hereunder to
     the Licensed Works and Tools.

3.4  Subject to WAVE's ownership of the Licensed Works and Tools, IBM will own
     any Derivative Works it creates.

3.5  WAVE grants IBM a nonexclusive, worldwide, perpetual, irrevocable, paid-up
     license to use the names and trademarks WAVE uses to identify the Licensed
     Works for IBM's marketing of the Licensed Works and its Derivative Works.
     WAVE grants IBM the right to authorize or sublicense others to exercise any
     of the rights granted to IBM in this Section.  If IBM or IBM sublicensees
     prepare or manufacture a Product which bears a WAVE trademark, IBM will
     provide WAVE a representative sample of each such Product.  If IBM's or
     IBM's sublicensee's use of WAVE's names and trademarks is improper and WAVE
     provides IBM notice that WAVE objects to it, IBM will take all reasonable
     steps necessary to resolve WAVE's objections.  WAVE may reasonably monitor
     the quality of products bearing its trademark under this license.

3.6  Any goodwill attaching to IBM's trademarks, service marks, or trade names
     belongs to IBM and this Agreement does not grant WAVE any right to use
     them.  IBM may state that WAVE has provided the Licensed Works.

3.7  Subject to the limitations specified in Subsection 3.8 below, the grant of
     rights and licenses to the Licensed Works includes utilizing any
     combination of one or more of the following media: Code and text,
     interactive capability, video, film, graphics (including animation), still
     pictures, audio materials, musical compositions (including arrangements and
     lyrics) and specific master recordings, and other creative or technical
     content.  The license to the Licensed Works applies to any and all
     languages (except as provided in Subsection 1.9 of this Agreement),
     purposes, formats, and

Page 10 of 22
<PAGE>
 
     computers, interactive and networked (for example, Internet and intranet)
     media, whether known or unknown, and all music rights, including, but not
     limited to, use of musical compositions of the Licensed Works in Products
     and all mechanical synchronization, videogram, master use and "new media"
     rights.  In addition, IBM may use the Licensed Works to promote, advertise,
     and market the Product only within the context of the Product in any and
     all media whether known or unknown.

3.8  Notwithstanding anything to the contrary in this Section, except for
     Externals:

     a.   IBM's use of the Licensed Works and their Derivative Works contained
          in the Self-Study Kit, which are not otherwise contained in the
          Classroom Materials, is limited to IBM's Internal Use;

     b.   following the expiration or early termination of this Agreement, IBM's
          use of the Classroom Materials and their Derivative Works (other than
          (i) the instructor guides, (ii) printed student materials, (iii)
          presentation materials, and (iv) the Derivative Works of the
          foregoing) is limited to IBM's Internal Use;

     c.   IBM further agrees that its use (other than IBM Internal Use) of the
          Classroom Materials and their Derivative Works in the following
          countries is limited to classes where IBM:

          1.   invoices the customer directly;

          2.   IBM is a subcontractor to deliver training; or

          3.   IBM delivers the class.

<TABLE>
<CAPTION>
                ==============================================
                <S>            <C>            <C>
                 **            **             **
                ----------------------------------------------
                 **            **             **
                ----------------------------------------------
                 **            **             **
                ----------------------------------------------
                 **            **             **
                ----------------------------------------------
                 **            **             **
                ==============================================
</TABLE>

     ; and

     d.   IBM also agrees that, for a period of ninety (90) days following the
          Effective Date, IBM will only use the Classroom Materials (and their
          Derivative Works) in ** only for IBM's Internal Use.  This restriction
          shall be void after such ninety (90) day period.

Page 11 of 22
<PAGE>
 
3.9  IBM may mark each Derivative Work it creates with IBM's copyright notice.
     Each such Derivative Work which bears an IBM copyright notice will, at a
     minimum, include an appropriate statement that portions of the work are
     copyrighted by WAVE. The placement of such statement will be at IBM's
     discretion. In the case of manuals, such statement will normally be placed
     in the front matter on the same page as IBM's copyright statement.

4.0  PAYMENT

4.1  For the rights and licenses granted herein, IBM will pay WAVE the
     following:

     a.   for the first nineteen (19) months of the term of this Agreement, IBM
          will pay WAVE a royalty of ** After both parties have signed this
          Agreement and IBM has issued WAVE a supporting IBM Purchase Order,
          WAVE will invoice IBM the sum of ** WAVE will invoice the remaining **
          on or after March 1, 1998; and

     b.   after the initial nineteen (19) months of this Agreement and subject
          to the cumulative limitations specified in the table below, IBM will
          pay WAVE a per copy royalty of ** for each Self-Study Kit or
          Derivative Work, created pursuant to this Agreement, IBM ships to an
          user under this Agreement.

               Months               Cumulative
                                    Maximum
                                    Royalty*
          __________________________________________________
               20-31          **
               32-43          **

          *Includes ** royalty specified in 4.1.a above.

4.2  All royalty obligations will be paid-up for the Licensed Works on the
     earlier of (1) the expiration date of this Agreement or (2) when IBM has
     paid WAVE a cumulative maximum royalty of **.

4.3  WAVE will invoice IBM, in accordance with the instructions on the IBM
     Purchase Order, for any royalties due WAVE by IBM. IBM reserves the right
     to reasonably change the method and timing of quarterly royalty payments to
     accommodate its worldwide operations.

4.4  IBM has no royalty obligation for:

     a.   the Licensed Works or their Derivative Works used for:

Page 12 of 22
<PAGE>
 
          (1)  IBM's and IBM Subsidiaries' (including third parties under
               contract) activities relating to development, maintenance, or
               support of a Product;

          (2)  Demonstration Products, Product marketing demonstrations, Product
               training or education; or

          (3)  backup and archival purposes;

     b.   a copy of the Product used by a licensed end user at home or on travel
          when such Product is stored on both the user's primary machine as well
          as another machine, provided that the end user is not authorized to
          actively use the Product on both machines at the same time;

     c.   the Licensed Works (or a functionally equivalent work) that becomes
          available generally to third parties without a payment obligation
          through no fault of IBM;

     d.   documentation, other than course materials, provided with, contained
          in, or derived from the Licensed Works;

     e.   Error Corrections or Enhancements;

     f.   warranty replacement copies of the Product; or

     g.   Externals.

4.5  WAVE will provide IBM with WAVE demonstration products (Demonstration
     Products) which accurately represent the Licensed Works. IBM may freely
     use, copy and distribute Demonstration Products.

4.6  If WAVE offers another party lower rates, prices or royalties than are
     available to IBM under this Agreement, WAVE will promptly offer the same to
     IBM.  If IBM accepts WAVE's offer, IBM will also accept associated
     differences in licensing terms.

4.7  Each party will be solely responsible for any taxes incurred by the party,
     directly or indirectly, associated with its performance of this Agreement.
     The charges specified in section 4.11 include any relevant sales or use
     taxes payable to any state or local government in the United States, but do
     not include any import duties payable for Products shipped outside the
     United States.  IBM agrees to pay any such import duties.

4.8  Following the delivery and acceptance by IBM of the Classroom Materials, in
     the form specified in the Attachment: Description of Licensed Works, IBM
     will pay

Page 13 of 22
<PAGE>
 
     WAVE a fee of ** for each Major Enhancement of the Classroom Materials IBM
     accepts pursuant to Subsection 2.3 of this Agreement. IBM will pay this fee
     no more than once in any twelve (12) month period. Except as provided in
     this paragraph, all other Enhancements will be provided ** during the term
     of this Agreement.

4.9  IBM will pay WAVE a fee of ** for each IBM Internal Use Self-Study Kit user
     which IBM registers for Additional Support Services as described in Section
     2.4.c Responsibilities of WAVE.

4.10 If IBM requests that WAVE conduct chat sessions in addition to those
     required in the Section 2.4.c Responsibilities of WAVE, IBM will pay WAVE
     ** for each additional chat session requested by IBM and conducted by WAVE.

4.11 If IBM elects to have WAVE manufacture Self-Study Kits for IBM, IBM will
     pay WAVE the following per copy fee:
     ** per Self-Study Kit for order quantities of between 200 and 999 units;
     ** per Self-Study Kit for minimum order quantities of 1,000 or more
        units; or
     ** per Self-Study Kit for orders of 100 or more units if shipped to
        Mechanicsburg, PA or Winnipeg, Manitoba (Canada).

     The fees specified above are inclusive of all charges (except royalties)
     due WAVE including 1) all transportation charges to the five (5)
     addressees) provided by IBM, 2) warehousing charges and 3) United States
     state, local and federal taxes.

     In addition, IBM may place orders in quantities of less than 100 units
     which are not shipped to Mechanicsburg, PA or Winnipeg, Manitoba (Canada).
     For such orders, IBM will pay WAVE a per copy fee of ** plus shipping
     charges to the IBM designated destination.

     From time to time IBM may send WAVE an order for Products or Licensed Works
     authorized by an IBM Purchase Order.  Upon receipt of such order, WAVE will
     ship to the IBM designated locations(s), the Licensed Works or Products
     specified, in quantities, on dates and via the preferred method(s) of
     transportation, paid for by WAVE, specified by in such order.  WAVE may, at
     its discretion, elect an alternative carrier provided that the WAVE carrier
     will deliver the Products (or Licensed Works) to the designated delivery
     warehouse within fifteen (15) days.

     IBM will provide WAVE with camera ready copy of bar code facsimile(s).
     WAVE will reproduce bar code labels and affixing such labels to the
     packaging of all Products or Licensed Works to be delivered to IBM,

Page 14 of 22
<PAGE>
 
     Orders will be shipped on the date(s) specified by IBM unless such date is
     less than 15 days from the date WAVE received the order. If WAVE is unable
     to meet IBM's specified ship date, WAVE will notify the IBM Technical
     Coordinator within twenty-four hours of after receipt of the order and
     propose alternate ship date(s). Within five (5) work days, IBM will accept
     such alternative ship dates or cancel the order, in each case in whole or
     in part, without liability.

     IBM may open, inspect and test any number of Products/Licensed Works to
     determine whether each shipment meets required quality levels, including
     100% defect-free conformity of all materials and media. If any shipment
     contains defects IBM may return some or all of the Products in the shipment
     at WAVE's expense, or, at WAVE's written instruction, destroy such
     defective Products/Licensed Works, and at IBM's option, require WAVE to
     replace such Products/Licensed Works.

     Following the first nineteen (19) months of the Agreement, upon written
     notice to WAVE, IBM may destroy any obsolete Products/Licensed Works in its
     inventory and request a credit for any royalties paid for such obsolete
     inventory. IBM may offset the amount of any credit due IBM against any
     future payments due WAVE.

     IBM order quantities for Products may consist of both Products or resale
     (pursuant to the terms and conditions of related Courseware Remarketing
     Agreement N. T97262-00) and Products for IBM's Internal Use (pursuant to
     the terms and conditions of this Agreement), which for purposes of this
     Agreement shall be considered as IBM's single order quantity being
     purchased.

     All prices and order quantities specified in the Section are for orders
     shipped to a single address.


4.12 All invoices will include the following information:

     . this Courseware License Agreement number;
     . WAVE's company and remit to address;
     . a short description of the milestone or PO Item for which payment is due;
       and
     . IBM's Purchase Order/Agreement number, WAVE's invoice number and its
       date.

4.13 All invoices will be addressed to IBM Corporation and sent (with a copy to
     the IBM Technical Coordinator) to the address specified in IBM's Purchase
     Order.  IBM will pay WAVE's invoices within thirty (30) days of receipt of
     an invoice meeting the criteria specified in this Section.

Page 15 of 22
<PAGE>
 
4.14 The payments defined in this Section fully compensate WAVE for its
     performance under, and for the rights and licenses granted in, this
     Agreement.

     IBM may, at its option, reduced or offset any payment due WAVE for penalty
     fees due IBM in Agreement.

4.15 TESTING

5.1  Upon receipt of the Licensed Works by IBM, IBM may evaluate the Licensed
     Works for a period of 30 days and perform such tests as IBM deems
     appropriate to determine if:

     a.   the Licensed Works meets the specifications described this Agreement
          and in the Attachment: Description of Licensed Works;

     b.   the Licensed Works execute repetitively within the system environment
          described in the Attachment: Description of Licensed Works; and

     c.   IBM can successfully execute to completion all functional and system
          test scenarios developed by IBM.

     IBM's testing does not relieve WAVE of its obligations under this
     Agreement.  IBM has no obligation to identify errors.

6.0  REPRESENTATIONS AND WARRANTIES

6.1  WAVE makes the following ongoing representations and warranties:

     a.   WAVE has full legal rights to grant the rights granted herein;

     b.   WAVE is not under, and will not assume, any contractual obligation
          that prevents WAVE from performing its obligations or conflicts with
          the rights and licenses granted in this Agreement;

     c.   there are no liens, encumbrances or claims pending or threatened
          against WAVE, or to WAVE's knowledge, anyone else, that relate to the
          rights and licenses granted in this Agreement;

     d.   neither the Licensed Works nor the Tools contain libelous matters nor
          do they directly or indirectly infringe any publicity, privacy or
          intellectual property rights of a third party including, to WAVE's
          knowledge, any patents or patent applications;

Page 16 of 22
<PAGE>
 
     e.   the Licensed Works and the Tools will perform in accordance with the
          requirements set forth in this Agreement, including the Attachment:
          Description of Licensed Works, and will conform to WAVE's user
          documentation, and any sales and marketing materials provided by WAVE;

     f.   the fully commented Source Code, Source Materials and documentation
          that WAVE provides corresponds to the current release or version of
          the Licensed Works provided by WAVE under this Agreement;

     g.   the Licensed Works supports the Year 2000; it is capable of correctly
          processing, providing and receiving date data, as well as properly
          exchanging accurate date data with all products (for example,
          hardware, software and firmware) with which the Licensed Works is
          designed to be used;

     h.   neither the Licensed Works nor the Tools are contaminated by harmful
          code; and

     i.   authors have waived their Moral Rights in the Licensed Works to the
          extent permitted by law.

     WAVE will immediately provide IBM written notice of any change that may
     affect its representations and warranties.

6.2  Except as provided above, anything either party provides to the other
     related to this Agreement is "AS IS", without warranty of any kind.

7.0  INDEMNIFICATION AND LIABILITY

7.1  WAVE will defend and indemnify IBM and IBM's Subsidiaries if a third party
     makes a claim against IBM or its Subsidiaries based on an actual or
     alleged:

     a.   failure by WAVE, to the extent not caused by IBM, to perform WAVE's
          obligations under this Agreement;

     b.   breach of WAVE's representations and warranties;

     c.   failure by WAVE to comply with government laws and regulations; or

     d.   infringement by WAVE, the Licensed Works or Tools of patents,
          copyrights, trademarks, trade secrets, and other intellectual property
          rights.

7.2  IBM will defend and indemnify WAVE if a third party makes a claim against
     WAVE based on an actual or alleged:

Page 17 of 22
<PAGE>
 
     a.   failure by IBM, to the extent not caused by WAVE, to perform IBM's
          obligations under this Agreement; and

     b.   failure by IBM to comply with government laws and regulations.

7.3  The party seeking indemnification will:

     a.   promptly provide the indemnifying party notice of any such claim; and

     b.   allow the indemnifying party to control, and cooperate with the
          indemnifying party in the defense of, the claim and settlement
          negotiations.

     The indemnified party may participate in the proceedings at its option and
     expense.

7.4  In addition, if an infringement claim appears likely or is made, WAVE will:

     a.   obtain the necessary rights for IBM, IBM Subsidiaries and Distributors
          and their respective customers to continue to distribute, license,
          otherwise transfer and use the Licensed Works on an uninterrupted
          basis and exercise all rights granted in the Licensed Works and Tools;
          or

     b.   modify the Licensed Works and Tools at WAVE's expense to resolve the
          claim.  This modified Licensed Work will comply with the Attachment:
          Description of Licensed Work.

     If WAVE is not able to do either within a reasonable period of time, IBM
     may terminate this Agreement for WAVE's breach.

7.5  In addition to any remedies specified in this Agreement, each party may
     pursue any other remedy it may have in law or in equity.

7.6  Regardless of the type of claim, neither party is liable to the other for
     indirect, incidental, special, or consequential damages including, but not
     limited to, lost profits or revenues, under any part of this Agreement,
     even if informed that they may occur.  This limitation does not apply to
     (a) WAVE's liabilities for indemnity above or (b) any obligations of either
     party to make a payment which is due under this Agreement.

8.0  TERM AND TERMINATION

8.1  This Agreement begins on the Effective Date and continues thereafter for an
     additional forty-three (43) calendar months.  The Agreement expires on the
     last day of the 43rd calendar month unless terminated sooner under the
     terms of this Agreement.

Page 18 of 22
<PAGE>
 
8.2  Either party may terminate this Agreement for the other's material breach
     by providing the breaching party with a written notice that describes the
     breach.  The termination will become effective forty-five (45) days after
     receipt of the notice unless the breach is cured within that forty-five
     (45) day period.  However, if the breach (other than a breach for failure
     to deliver the Licensed Works) by its nature, cannot be remedied in forty-
     five (45) days, but can be remedied in a reasonable time thereafter, the
     breaching party will take reasonable and diligent steps to remedy it,
     notify the other party of the action plan, progress towards completion, and
     complete such remedial action promptly.  In such event, the notice period
     will be suspended while the breaching party takes these actions.

8.3  IBM may terminate this Agreement without cause on 30 days' notice to WAVE.
     However, IBM's obligation to pay the ** royalty for the first nineteen (19)
     months of the Agreement (pursuant to Subsection 4.1) shall survive the
     early termination of this Agreement by IBM.

8.4  Expiration of this Agreement does not affect any licenses granted in this
     Agreement for the Licensed Works or Tools.  Termination of this Agreement
     does not affect any licenses granted in this Agreement for the Licensed
     Works or Tools delivered or due to IBM prior to the effective date of
     termination.  In the event of termination by IBM for breach by WAVE, IBM
     will not be obligated to make any payments that would have become due under
     this Agreement on or after the effective date of termination, except for
     IBM's obligation to pay the ** royalty for the first nineteen (19) months
     of the Agreement (pursuant to Subsection 4. 1). IBM's payment obligations
     are also subject to Subsection 2.5.

8.5  Subject to Subsection 8.4, any provisions of this Agreement that by their
     nature extend beyond termination or expiration will survive in accordance
     with their terms.  These include License, Representations and Warranties,
     Indemnification and Liability, and General.   These terms will apply to
     either party's successors and assigns.

9.0  COORDINATORS

9.1  Any notice required or permitted to be made by either party to this
     Agreement must be in writing.  Notices are effective when received by the
     appropriate coordinator as demonstrated by reliable written confirmation
     (for example, certified mail receipt or facsimile receipt confirmation
     sheet).

9.2  The Contract Coordinators responsible to receive all notices and administer
     this Agreement are:
 
     For                               For
     IBM:                              WAVE:
     Name:  Laura Spence               Name:  Mr. Jim Fitzgerald

Page 19 of 22
<PAGE>
 
<TABLE>
<S>                                        <C>
     Title:                                Title:   VP Corporate Administration
     Address: 1500 RiverEdge Parkway       Address: 10845 Olive Blvd.
              Atlanta, GA 30328                     St. Louis, Missouri 63141
     Phone:   770-644-4687                 Phone:   314-692-1811
     Fax:     770-644-4868                 Fax:     314-995-3894
</TABLE> 
 
9.3  The Technical Coordinators responsible to accept all Deliverables,
     coordinate all exchanges of confidential information, and administer and
     coordinate the technical matters associated with this Agreement are:
<TABLE> 
<S>                                        <C> 
     For                                   For
     IBM:                                  WAVE:
     Name:    Mr. Gabe Buckler             Name:    Mr. Jim Fitzgerald
     Title:                                Title:   VP Corporate Administration
     Address: 1500 RiverEdge Parkway       Address: 10845 Olive Blvd.
              Atlanta, GA 30328                     St. Louis, Missouri 63141
     Phone:   770-644-4717                 Phone:   314-692-1811
     Fax:     770-644-4868                 Fax:     314-995-3894
</TABLE>

     Technical Coordinators may propose, accept (by signature or initial), and
     implement technical changes to this Agreement that do not change dollar
     amounts or materially change Deliverables or the schedules of this
     Agreement.

9.4  A party will provide written notice to the other when its coordinators
     change.

10.0 GENERAL

10.1 Independent Contractor.  Each party is an independent contractor. Neither
     party is, nor will claim to be, a legal representative, partner,
     franchisee, agent or employee of the other except as specifically stated in
     the Subsection entitled "Copyright" below.  Neither party will assume or
     create obligations for the other.  Each party is responsible for the
     direction and compensation of its employees.

10.2 Freedom of Action.  Each party may have similar agreements with others.
     Each party may design, develop, manufacture, acquire or market competitive
     products and services, and conduct its business in whatever way it chooses.
     IBM is not obligated to announce or market any products or services.  IBM
     does not guarantee the success of its marketing efforts.  IBM will
     independently establish prices for its products and services.

10.3 Reliance.  Neither party relies on any promises, inducements or
     representations made by the other or expectations of more business
     dealings, except as expressly provided in this Agreement.  This Agreement
     accurately states the parties' agreement.

Page 20 of 22
<PAGE>
 
10.4  Compliance With Applicable Laws.  Each party will comply with all
      applicable laws and regulations at its expense including, to the extent
      applicable, Executive Order 11246 on Equal Employment Opportunity, as
      amended, the Occupational Safety and Health Act of 1970, as amended, and
      the Americans With Disabilities Act of 1990, as amended.  This also
      includes all applicable government export and import laws and regulations.

10.5  Confidential Information.  The parties agree that information exchanged
      under this Agreement that is considered by either party to be confidential
      information will be subject to the terms of the AECI referenced on the
      first page of this Agreement and its Supplements. In addition, WAVE will
      not provide IBM with any information which may be considered confidential
      information of any third party unless provided under the AECI. The
      obligations set forth in the AECI with regard to confidential information
      will not limit or preclude the exercise of the licenses granted in this
      Agreement.

10.6  Copyright.  Any publication by IBM of the Licensed Works or a Derivative
      Work thereof may contain an appropriate copyright notice, pursuant to
      Section 3.

      WAVE will enforce and maintain its copyright protection in the Licensed
      Works.  IBM is not responsible for enforcing and maintaining such
      copyright protection. However, WAVE authorizes IBM to act as WAVE's agent
      in the copyright registration of the Licensed Works. At IBM's request,
      WAVE agrees to provide IBM reasonable assistance in registering any
      Product.

10.7  Order of Precedence.  If there is a conflict among the terms of this base
      License Agreement and its Attachments, the terms of this base License
      Agreement prevail over those of the Attachments, unless the parties
      expressly indicate in the Attachments that particular terms within the
      Attachments prevail. Terms in IBM's purchase orders and WAVE's invoices or
      acknowledgments, if any, are void.

10.8  Headings.  The headings of this Agreement are for reference only.  They
      will not affect the meaning or interpretation of this Agreement.

10.9  Counterparts.  This Agreement may be signed in one or more counterparts,
      each of which will be considered an original, but all of which together
      form one and the same instrument.

10.10 Amendment and Waivers.  For a change to this Agreement to be valid, both
      parties must sign it. No approval, consent or waiver will be enforceable
      unless signed by the granting party. Failure to insist on strict
      performance or to exercise a right when entitled does not prevent a party
      from doing so later for that breach or a future one.

Page 21 of 22
<PAGE>
 
10.11 Actions.  Neither party will bring a legal action relating to the subject
      matter of this Agreement, against the other more than 2 years after the
      cause of action arose, except in the case of indemnification for
      infringement, in which case this period runs for 2 years after the award
      or settlement was made.

10.12 Dispute Resolution.  Both parties will act in good faith to resolve
      disputes prior to instituting litigation. Each party waives its rights to
      a jury trial in any resulting litigation. Litigation will only be
      commenced in the State of New York.

10.13 Governing Law.  This Agreement will be governed by the substantive law of
      the State of New York applicable to contracts executed in and performed
      entirely within that State. The United Nations Convention on Contracts for
      the International Sale of Goods does not apply. WAVE will, upon written
      notice from IBM, submit to personal jurisdiction in any forum where IBM is
      sued for claims related to this Agreement.

Page 22 of 22
<PAGE>
 
                   Attachment: Description of Licensed Works


1.0  General description of Licensed Works:

The Licensed Works are WAVE's Microsoft Networking/MSCE Self-Study Program
Release 4.0 (Self-Study Kit) and instructor led training materials (Classroom
Materials).  The operating environments for the Licensed Works include but not
limited to, Microsoft Windows 3.1, Windows 95, Windows NT 3.5 and 4.0, and
WinOS2 in IBM OS/2 Warp 3.0 and 4 0.

1.1  Self-Study Kit is all materials delivered to IBM by WAVE as part of the
     Self-Study Kit. These materials include, but are not limited to, the
     following:

     a.   Manuals
          .   MCSE Study Guide
          .   Guide to Getting Started (IBM OEM version)
          .   Windows 95 Administration
          .   Windows 95 Administration Exercise Manual
          .   Windows NT V4 0 Server & Enterprise Implementation
          .   Windows NT V4.0 Server Administration
          .   Windows NT V4 0 Workstation Administration
          .   Microsoft Networking Essentials
          .   Microsoft Implementations of TCP/IP on Windows NT Study Guide
          .   Microsoft implementations of TCPI1P on Windows NT V4 0
          .   Challenge! Interactive User's Guide (for TCP and MMIS)
          .   Managing the Microsoft Internet Information Server
          .   Managing the Microsoft Internet Information Server Study Guide,

     b.   CD-ROM
          .   MCSE Study GuideJChallenge! Interactive Companion CD
          .   Microsoft Interactive Networking Simulation
          .   MCSE Self-Study Video
          .   Microsoft TCP/IP for Windows NT V4.0 Study Guide/Challenge CD
          .   Managing the Microsoft lnternet Information Study Guide/Challenge
              CD;

     c.   Video's (NTSC and PAL formats)
          .   Guide to Getting Started
          .   Windows NT V4.0 Server
          .   Windows NT V4.0 Server & Enterprise Implementation
          .   Windows NT V4.0 Workstation
          .   Microsoft Networking, Essentials
          .   IP Naming Conventions
          .   Windows 95 Administration
          .   Managing the Microsoft lnternet Information Server Student Video;
              and
<PAGE>
 
     d.   Various
          .  3.5 inch diskette(s)
          .  OEM Shipping Carton
          .  OEM MCSE Self-Study Box;

1.2  Classroom Materials are all those instructor and student materials
     delivered by WAVE as part of the instructor led materials including, but
     not limited to' the following:

     a.   Windows NT 4.0 Administration
          .  Windows NT V4.0 Core Technologies & Administration - Instructor
          .  materials and lab setup instructions
          .  Windows NT V4.0 Core Technologies & Administration - Manual
          .  Windows NT V4.0 Core Technologies & Administration - CO-ROM
          .  Learning Windows NT V4.0 Workstation & Server - Video;

     b.   Windows NT 4.0 Enterprise
          .  Windows AT V4.0 Server & Enterprise Implementation - Instructor
          .  materials and lab setup instructions
          .  Windows NT V4.0 Server Enterprise Implementation - Manual
          .  Windows NT V4.0 Server Enterprise Implementation - CD-ROM
          .  Learning Windows NT V4.0 Server & Enterprise Implementation -
             Video.

     c.   Windows 95 Administration
          .  Windows 95 Administration - Instructor materials and lab setup
             instructions
          .  Windows 95 Administration - Student Manual
          .  Windows 95 Administration - Student CD-ROM
          .  Windows 95 Administration - Student Video;

     d.   Microsoft Networking Essentials
          .  MS Networking Essentials - Instructor materials and lab setup
             instructions
          .  MS Networking Essentials - Student Manual
          .  MS Networking Essentials - Student CD-ROM
          .  MS Networking Essentials - Student Video;

     e.   Managing the Microsoft Internet Information Server
          .  Managing the MS Internet Information Server - Instructor materials
             and lab setup instructions
          .  Managing the MS Internet: Information Server - Student Manual
          .  Managing the MS Internet Information Server - Student CD-ROM
          .  Managing the MS Internet Information Server - Student Video;

     f.   Microsoft Implementations of TCP/IP for Windows NT v4.0
<PAGE>
 
          .  Microsoft Implementations of TCP/IP Windows NT 4.0 - Instructor
          .  materials and lab setup instructions
          .  Microsoft Implementations of TCP/IP Windows NT 4.0 - Student Manual
          .  Microsoft Implementations of TCP/IP Windows NT 4.0 - Student CD-ROM
          .  IP Naming Conventions - Video;

     g.   Instructor materials for teaching a seven (7) day lab with the Self-
          Study Kit. These  materials include instructor guide, lab setup
          requirements and lab setup instructions; and

     h.   Electronic masters and Source Materials for all of the above Classroom
          Materials on CD-ROM. Instructor overhead transparencies will be
          provided in Lotus Freelance Graphics 97 format and other Source
          Materials will he provided in WordPro '97 format. Beta masters of each
          video will be provided in both NTSC and PAL format.  A golden or glass
          master of each CD-ROM will be provided by WAVE. Major Enhancements for
          each component of the Classroom Materials will be provided in the
          format specified by IBM in writing. Such format(s) are limited to
          those format(s) used by common commercially available publishing and
          graphics Tools.

2.0  Other Materials

The License Works also include any other related written materials delivered to
IBM by WAVE such as installation instructions labels, covers, etc.
<PAGE>
 
                              Attachment: Schedule


<TABLE>
<CAPTION>
                    Deliverable Milestones                                 Delivery Date
                    ----------------------                                 -------------
<S>   <C>                                                           <C>
a.    Current WAVE Classroom Materials in the form                    Within 10 business days
      WAVE currently uses in its business including all               following the signing of
                                                                           this Agreement

b.    Delivery of Tools                                                  Within 60 days the
                                                                     Effective Date; and within
                                                                     30 days of availability of
                                                                      any change to the Tools

c.    All Source Materials to the Licensed Works                      Within 90 days following
      (including Code) in the form(s) specified in the               the Effective Date of the
      Attachment: Description of Licensed Works                       Agreement and within 60
                                                                    days of availability of any
                                                                            Enhancement

d.    Receipt of the completed Certificate of Originality            Within 7 days following
      for the Licensed Works or Enhancements                          delivery of a Licensed
                                                                     Works or an Enhancement
</TABLE>
<PAGE>
 
                    Attachment: Travel Expense Reimbursement


The terms of the IBM Courseware License Agreement (or any equivalent agreement
signed by both of us) ("CLA") apply. The following terms apply when IBM
authorizes and reimburses your travel expenses associated with the CLA. You
accept them by signing the CLA that references this Attachment.

IBM will reimburse you for reasonable and actual travel and living expenses
incurred while performing services under the CLA according to this Attachment
provided you have obtained IBM's prior written approval and submitted acceptable
invoices to IBM with supporting documentation.

1.   REIMBURSABLE EXPENSES

     1.1  IBM will reimburse you for:

          a)   tolls, parking fees, taxis, buses or auto rentals. For auto
               rentals, you will obtain prior instructions from IBM regarding
               the rental company and rates to be used. If you use your personal
               automobile for travel, IBM will reimburse you under the
               applicable automobile allowance plan for the most direct,
               practical route. IBM will not reimburse expenses of normal
               commutation;

          b)   air transportation at the economy, tourist or coach class rate
               for the most direct route of a scheduled airline,

          c)   lodging charges commensurate with the average rates charged for
               the immediate area.  You will obtain prior instructions from IBM
               regarding its negotiated rates that may extend to your travel;

          d)   reasonable and actual meal expenses up to $25.00 per day;

          e)   necessary business calls made on IBM's behalf;

          f)   reasonable tipping; and

          g)   reasonable valet and laundry charges if a trip extends beyond
               four days.

     1.2  IBM will not reimburse you for personal expenses such as hotel shop
          purchases, alcoholic beverages and sundry items. IBM will not
          reimburse you for charges associated with any personal side trips. If
          such expenses appear on receipts, you will deduct them from your
          invoice.

Page 1 of 2
<PAGE>
 
2.   REQUIRED DOCUMENTATION

     2.1  The following information must be included with all invoices:

          a)   IBM Courseware License Agreement number;

          b)   expenses incurred;

          c)   receipts for lodging costs, airline travel, rental cars and all
               other expenditures of $25 or, more;

          d)   name of your company and "remit to" address;

          e)   the name of the IBM representative who authorized the expense;
               and

          f)   IBM's purchase order number (if applicable), your invoice number
               and its date.

     2.2  You will address all invoices for expenses to the IBM Corporation as
          identified in the Transaction Document. You will send a copy of your
          invoice to the IBM representative that authorized the expense. IBM
          will pay you 30 days after IBM receives an acceptable invoice.

Page 2 of 2
<PAGE>
 
                  Attachment: Maintenance and Product Support


1.0  Error Correction

In addition to the maintenance and support obligations stated in this Agreement,
WAVE will, during the term of this Agreement, use its best efforts to correct
all errors or defects identified by IBM in the Licensed Works.

2.0  Product Support

Product Support is phone, email and other direct end-user contact to answer
questions and address issues pertaining to the physical presentation, Error
Corrections, performance, or media of the Products. Product Support does not
include addressing issues or questions pertaining to the subject matters
addressed by the training materials. Product Support includes resolving issues
regarding loading of the software components of Product(s), defective Product
components or using elements of the Self-Study Kit. WAVE is obligated to provide
Product Support only in English.

Product Support provided to IBM end-users will be at least as favorable as the
support you generally offer to your own customers for the Products. However,
such Product Support does not include Additional Support Services (as described
in Subsection 2.4.c). WAVE will provide Product Support to IBM end-users during
the term of this Agreement and for one (1) year following the expiration of this
Agreement.

WAVE will provide toll free phone access for Product Support where WAVE offers
it.

If a Licensed Work or Product does not comply with its warranties or
specifications, WAVE will correct the problem without charge using WAVE's best
efforts.

3.0  Priority Support

Priority Support is technical support provided to IBM support personnel and IBM
instructors. WAVE will a) provide Priority Support from 8:00am CST until 6:00pm
CST, Monday through Friday, and b) respond to IBM Priority Support requests
within four (4) hours via email or, where available, by telephone.

<PAGE>
 
                                    Form of
                           Certificate of Originality

You may use this questionnaire to cover one complete product, even if that
product includes multiple modules.

Please leave no questions blank.  Write "not applicable" or "N/A" if a question
is not relevant to the furnished software material.  If you need additional
space to complete any question, please attach a separate sheet of paper that
identifies the question number.  Depending on your responses, IBM may require
additional information.

1.  Please identify the software material including version, release, and
modification numbers for programs and any documentation:

     _____________________________________________________

2.  Was any portion of the software material written by anyone other than you or
your employees within the scope of their employment?  YES  _____  NO  _____.
If YES, provide, as an attachment, the following information:

     A)   Indicate if the whole software material or only a portion thereof was
written by such party, and identify such portion:

          i.   Specify for each involved party the name, address, and
          citizenship:
   

          ii.  If the party is a company, how did it acquire title to the
          software material (e.g., software material was written by company's
          employees within the scope of their employment)?

          iii. If the party is an individual, did he/she create the software
          material while employed by or under contractual relationship with
          another party?  YES  _____  NO  ______
          If YES, provide name and address of the other party and explain the
          nature of the contractual relationship:

     B)   How did you acquire title to the software material written by the
other party?

          ________________________________________________________________


3.  Are any copyright, confidentiality, or proprietary notice(s) present on the
software material(s)?  YES  _____  NO  ______  If YES, please describe such
notice(s).

     ____________________________________________________________________

Page 1 of 2
<PAGE>
 
4.  Was any portion of the software material (e.g., Code, associated
documentation or any pictorial, graphic and audiovisual works (e.g., icons,
screens, sounds, and characters) derived from preexisting works (either yours or
a third party's), including any code from freeware, shareware, electronic
bulletin boards, or the Internet?  YES  _____  NO  ______  If YES, please
identify the material, author, owner and copyright notice, if any, for each of
the preexisting materials.

     ______________________________________________________________________

5.  Do any of the software materials (e.g., Code, associated documentation or
any pictorial, graphic and audiovisual works {e.g., icons, screens, sounds, and
characters}) include recognizable voices, pictures or other likenesses?
YES ____ NO ______ If YES, how did you acquire rights to use such recognizable
voices, pictures or other likenesses?

     ________________________________________________________________________

6.  Provide, as an attachment, an explanation of any other circumstance which
might affect IBM's ability to reproduce, distribute and market this software
material, including whether your software material was prepared from any
preexisting materials which have any: a) confidentiality or trade secret
restrictions to others; b) known or possible royalty obligations to others; or
c) other preexisting materials developed for another party or customer
(including any governmental entity) where you may not have retained full rights
to such other preexisting materials.

     ________________________________________________________________________

7.  You recognize that, for copyright registration or enforcement of legal
rights relating to the furnished software material, IBM may need you to produce
additional information related to the software material.  You hereby agree to
cooperate with IBM and provide such information to IBM at IBM's request.

As an authorized representative of __________________________________, I hereby
certify the above to be true and accurate.

By:  __________________________________________
          Authorized Signature

Name:  ________________________________________
     (Type or Print)                   Date


Title:  _______________________________________

Page 2 of 2