<PAGE>

                                                                    Exhibit 10.1

Note: Portions of this exhibit indicated by "[*]" are subject to a confidential
treatment request, and have been omitted from this exhibit. Complete, unredacted
copies of this exhibit have been filed with the Securities and Exchange
Commission as part of this Company's confidential treatment request.

                                SUPPLY AGREEMENT

This Supply Agreement (the "Agreement") is made effective as of the 14th
day of September, 2001, (the "Effective Date"), by and between Airspan
Communications Ltd., a company organised under the laws of England and Wales,
with its principal place of business at Cambridge House, Oxford Road, Uxbridge,
Middlesex, UB8 1UN, England ("ACL"), and Monarch Communications Limited a
company organised under the laws of Nigeria with its principal office at Orbital
House, No 180, Awolowo Road, Ikoyi, Lagos, Nigeria ("Purchaser").

                                   WITNESSETH:

WHEREAS, ACL is engaged in the design and manufacture of various
telecommunications product lines including, among others, those ACL products
more completely described in Exhibit A hereto (the ACL products described in
Exhibit A of this Agreement, as from time to time amended in accordance with the
provisions of this Agreement, are hereinafter called the "ACL Products"); and

WHEREAS, Purchaser is engaged in the operation of telecommunications systems;
and

WHEREAS, during the Term (as defined below) of this Agreement, ACL desires to
supply to Purchaser, and Purchaser wishes to acquire from ACL, the ACL Products
on the terms and conditions contained in this Agreement.

NOW, THEREFORE, in consideration of the mutual promises herein contained, it is
hereby agreed as follows:

1.    SCOPE.

      1.1.This Agreement shall remain in effect for a period of 3 years from the
      Effective Date (the "Term").

      1.2. During the Term, in accordance with each purchase order issued by
      Purchaser and accepted by ACL, ACL shall:


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            a. Engineer, sell, and deliver that equipment so specified in the
            order ("Equipment" being defined as the hardware component of each
            product being offered under the terms and conditions of this
            Agreement);

            b. Grant to Purchaser a non-transferable, non-exclusive, paid-up
            licence to use the Software (as defined in Section 10.1) during the
            useful life of the associated Equipment on the terms and conditions
            set forth in the Software Licence, Section 10; and

            c. Test, install and commission the Equipment and/or Software and
            integrate the Equipment and/or Software in accordance with ACL's
            specification therefor with third party equipment agreed upon by
            both parties (the "Installation Services") if such services are
            included in the price of the Equipment or Software or if such
            services are ordered separately.

            d. Train Monarch staff to enable them engineer, operate and maintain
            the system. In this regard, training shall be provided by ACL for
            all facets of the Hardware and Software components of the ACL
            Products as follows:

            i.    Pre-Installation: against Purchaser's first order only ACL
                  will provide a single training course in Uxbridge for up to
                  seven (7) of Purchaser's engineers without additional charge
                  to Purchaser;

            ii.   Installation: on-the-job training will be provided to a
                  limited number of Purchaser's engineers during the provision
                  of Installation Services by ACL ;

            iii.  Post Installation [Operation and Maintenance]: training will
                  be provided by ACL at the times and location(s) agreed upon by
                  the parties at the rates set forth in Exhibit B, the Price
                  List.

      1.3.  ACL will also cooperate with Purchaser to develop Purchaser's post
            project operations management strategy , which will incorporate
            manning levels and skills requirements. The parties will develop a
            draft proposal by 30 September 2001 for review by Purchaser.

      1.4   ACL will make spare parts available for purchase by Purchaser for a
            period of ten years from the date of Shipment of the corresponding
            Equipment.


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2.    ORDERING PROCEDURE.

      2.1 The following procedures shall be followed with respect to each
      purchase order issued by Purchaser:

      a. During the Term, Purchaser will inform ACL of its intent to purchase
      Equipment and Installation Services, and license Software, by sending to
      ACL a written order. This written order (the "Purchase Order") will state
      the type of Equipment, System, or Installation Services that Purchaser
      wants to purchase and the Software Purchaser wants to licence as well as
      the price of the ordered items (the "Contract Price").

      b. Each Purchase Order shall specifically incorporate by reference the
      terms and conditions of this Agreement, and no additional or different
      terms and conditions stated in a Purchase Order, any letter, or otherwise
      shall be binding unless expressly referred and agreed to by both parties
      in writing. In the event of a conflict between the terms and conditions of
      this Agreement and of any Purchase Order issued hereunder, or if the
      Purchase Order does not reference the terms and conditions of this
      Agreement, the terms and conditions of this Agreement shall prevail.

      2.2 TYPE APPROVAL

      ACL shall provide to the Purchaser a copy of the Nigerian Communications
      Commission Type Approval Certificate, which allows the products on order
      to be used in Nigeria.

3.    EQUIPMENT FOR MONARCH NIGERIA PROJECT

      3.1. ACL has agreed to provide and Monarch has agreed to provide
      equipment, software and services set forth in the Schedule of Equipment
      for the initial order for the Monarch Nigeria Project attached to this
      Agreement as Exhibit B. and incorporated herein as part of the agreement
      at the price detailed and on the terms and conditions specified in Exhibit
      B. The parties agree that the terms and conditions specified in Exhibit B.
      shall govern the supply and purchase of the equipment, software and
      services listed therein for the initial order.

      3.2. CONTRACT PRICE.

      3.2.1. The Contract Price for each item of Equipment, Installation
      Services, or Software is as specified in Exhibit B and shall be paid to
      ACL in US Dollars (USD or US$).


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      3.2.2. The Contract Price for Equipment and Software includes:

            a.    The price of the Equipment;

            b.    The fee for the licensing of the Software;

            c.    The charges for the warranty of the Equipment and Software in
                  accordance with Section 7;

            d.    Transportation and insurance charges in accordance with ACL's
                  Contract Price set forth in Section 3.2.4 and ACL's delivery
                  obligations set forth in Section 5.1;

            e.    Charges for training Monarch staff in accordance with
                  Paragraph 1.2(d).i and 1.2(d).ii; and

      3.2.3. The Contract Price for Installation Services includes:

            a.    The price for installation and commissioning the Equipment and
                  Software including the integration of the Equipment and/or
                  Software in accordance with ACL's specification therefor with
                  third party equipment as agreed upon by both parties. ACL
                  shall provide all necessary tools and test equipment required
                  for the installation, testing and commissioning of the
                  Equipment and Software. Commissioning includes successful
                  completion of the Commissioning tests agreed upon by the
                  parties and set forth in Exhibit C.

            b.    ACL's Contract Price for Installation and Commissioning is
                  quoted separately for: (i) infrastructure (i.e. ACs and CTs);
                  and (ii) Subscriber Terminal (STs).

      3.2.4. All prices quoted in Exhibit B are CIP, Lagos Port Nigeria .

4.    PAYMENT TERMS.

      4.1 If a Purchase Order is accepted by ACL, ACL will issue an invoice (the
      "Invoice") to Purchaser within fifteen (15) business days of ACL's receipt
      of the written Purchase Order from Purchaser. The Invoice specifically
      shall identify the Equipment, Software, or Systems so ordered, and the
      Contract Price of such items. Installation Services shall separately be
      invoiced within fifteen (15) business days of ACL's receipt of a written
      Purchase Order for same. The Invoice also shall state the total amount due
      to ACL from Purchaser (.

      4.2 The Purchaser shall open a confirmed irrevocable documentary Letter of
      Credit in favour of ACL with a bank acceptable to ACL in


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      respect of payments for Equipment and Software listed in Appendix A and
      such installation services to be provided by ACL under this agreement. The
      Letter of Credit shall be in an amount equal to the value of the total
      Contract Price (equipment and installation) and shall have a validity
      period of 180 Days.

      4.2.1. Draw down on the Letter of Credit shall be as follows:

      a.    Ten [10] percent of the total value of the contract price as down
            payment for which ACL shall issue a Bank Bond in favour of the
            Purchaser.

      b.    Fifty [50] percent of the value of the Equipment and Software
            ordered shall be paid to ACL fifty (50) days after the date of
            Delivery on the presentation of the following documents

            i.    ACL attested Invoice;
            ii.   Final Invoice;
            iii.  Airwaybill of lading
            iv.   Packing List.
            v.    Clean report of finding.

      c.    The balance of forty [40] percent of the value of the Equipment and
            Software in the Purchase Order shall be paid one hundred and fifty
            (150) days after the date of Delivery.

      4.2.2. The balance of the 90% of installation charges shall be paid as
      follows:

            o     50% on the start of installation; and

            o     40% on completion of installation.


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      4.3 In the case of payment by wire (or telegraphic) transfer, the funds
      due must be received in ACL's designated bank. The transfer instructions
      are:

      Bank:                  Lloyds Bank
                             32 Commercial Way
                             Woking
                             Surrey
                             GU21 1ER
                             England

      Sort Code:             30-99-80

      Account Name:          ACL Communications Limited

      Account No:            11232312

      Further Instructions:  Reference (Purchaser's name)
                             P.O. No. _______,
                             Payment of Invoice No. _________.

5.    DELIVERY, TITLE, AND RISK OF LOSS.

      5.1.  ACL shall make arrangements for the delivery of all Equipment and
            Software ordered by Purchaser as detailed in Exhibit B, CIP Lagos
            Port Nigeria as per Incoterms 2000 ("Delivery"); upon which
            Purchaser will make arrangements for their collection from the Port.
            ACL agrees to use a reputable freight forwarder which it shall
            identify to the Purchaser prior to shipment; and the parties shall
            agree upon the mode of shipment and the carrier.

            In this Agreement, "Incoterms" means the most recent international
            rules for the interpretation of trade terms published by the
            International Chamber of Commerce as in force at the date when this
            Agreement is made. Unless the context otherwise requires, any term
            or expression which is defined in or given a particular meaning by
            the provisions of the Incoterms shall have the same meaning in this
            Agreement, but if there is any conflict


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            between the provisions of the Incoterms and this Agreement, the
            latter shall prevail.

      5.2.  All risk of loss or damage to the Equipment and Software will pass
            to Purchaser upon Delivery.

      5.3.  Title to the Equipment shall pass to Purchaser on Delivery.

      5.4.  The Software shall at all times remain the exclusive property of
            ACL.

      5.5.  ACL shall not make partial deliveries of Purchaser's orders unless
            the Purchaser has been advised and has agreed in writing to accept
            such partial delivery in respect of any particular order, such
            agreement not to be unreasonable withheld or delayed

      5.6.  ACL will use reasonable efforts to meet Purchaser's requested
            delivery schedules for Equipment and Software, but ACL reserves the
            right to refuse, cancel, or delay delivery to Purchaser when
            Purchaser's credit is impaired, when Purchaser is delinquent in
            payments or fails to meet other credit or financial requirements
            reasonably established by ACL, and agreed by the parties in writing.
            Should orders for Equipment and Software exceed ACL's available
            inventory, ACL will disclose its available inventory and make
            deliveries on a basis discussed and agreed with the Purchaser. ACL
            shall not be liable for any indirect, consequential, or special
            losses or damages (including, but not limited to, loss of income or
            profit and loss of data) that may be suffered by the Purchaser or by
            any other person for failure to deliver or for any delay or error in
            delivery of Equipment or Software for any reason whatsoever.

      5.7.  In the event that the actual date of Shipment is later than the
            agreed upon date of Shipment for an accepted Purchase Order or part
            thereof, Purchaser may levy a penalty of two percent (2%) per week
            of the Contract Price of the Equipment and/or Software directly
            affected by the delay up to a maximum amount of twelve percent (12%)
            of the Contract Price of such affected Equipment or Software. Such
            penalty must be invoiced by the Purchaser within thirty (30) days of
            the actual date of Shipment and ACL will pay such invoices within
            thirty days of receipt or will set-off such amounts against amounts
            due and payable to ACL. A two-week grace period will apply before
            Purchaser may levy a penalty but if the delayed Equipment or
            Software is not delivered during the grace period, the penalty may
            be levied from the first day of delay. .


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      5.8.  If Purchaser has any ACL owned Equipment in its possession then:

            a. Purchaser shall ensure that Equipment is clearly marked as the
            property of ACL, and if asked, shall inform any third parties that
            the Equipment is the property of ACL;

            b. Purchaser shall not purport to create any security, mortgage,
            lien or pledge over the Equipment, or otherwise deal with the
            Equipment without ACL's express written consent; and

            c. In the event of any threatened seizure of the Equipment by any
            third parties, and on termination or expiration of this Agreement,
            or any contract made pursuant to it, ACL shall have the right to
            obtain a court order to restrain and /or prevent such seizure;
            without prejudice to any other remedy which it may have at law in
            respect of the equipment.

6.    SUBCONTRACTING

      ACL reserves the right to subcontract such portions of: (a) the Equipment
      manufacture and/or Software development and supply; and/or (b)
      installation to subcontractors of ACL's choice as ACL deems appropriate.

      The prior written consent of the Purchaser shall be obtained for any sub
      contract or assignment in accordance with Paragraph 6(b) above, such
      consent not to be unreasonably withheld or delayed; so however that ACL
      shall not be relieved of any of its obligations under this agreement by
      reason of such subcontract or assignment.

7.    WARRANTY.

      7.1 THE WARRANTIES SET FORTH IN SECTIONS 7 AND 8 OF THIS AGREEMENT ARE IN
      LIEU OF, AND ACL HEREBY DISCLAIMS, ALL OTHER WARRANTIES AND CONDITIONS,
      WHETHER EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION THE IMPLIED TERMS
      OF SATISFACTORY QUALITY AND FITNESS FOR A PARTICULAR PURPOSE.

      7.2 Subject to Sections 7.3 and 7.4, ACL warrants that the Equipment sold
      to Purchaser under this Agreement shall, under normal use and service, be
      free from defects in materials and faulty workmanship, and that the
      Software licensed to Purchaser under this Agreement shall conform in all
      material respects to ACL's published specifications therefor. The warranty
      period for any item of Equipment and related


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      Software shall be eighteen (18) months from Delivery (hereinafter, this
      period of time shall be referred to as the " Warranty Period.")

      7.3 ACL's obligation and Purchaser's sole remedy under this warranty are
      limited to the replacement or repair, , of the defective Equipment or
      Software within the Warranty Period. ACL shall have no obligation to
      remedy any such defect if it can be shown that: (a) the Equipment or
      Software was altered, repaired, or reworked by any party other than ACL
      without ACL's prior written consent; (b) such defects were the result of
      Purchaser's or a third party's improper storage, mishandling, abuse, or
      misuse of the Equipment or Software; (c) such defects were the result of
      Purchaser's or a third party's use of the Equipment or Software in
      conjunction with equipment electronically or mechanically incompatible or
      of an inferior quality; or (d) the defect was the result of damage by
      fire, explosion, power failure, or any act of nature.

      7.4 The Purchaser may require ACL to provide on-site operation and
      maintenance services on such terms and conditions agreed by the parties.

      7.5   Subject to the provisions of this warranty clause, defective parts
            or components must be returned by Purchaser to ACL's point of
            manufacture facility, freight prepaid, within the Warranty Period,
            and said defective parts will be repaired or replaced by ACL at no
            charge to Purchaser. In connection with such return by Purchaser,
            Purchaser shall comply with ACL's (Return Material Authorisation
            (RMA) procedures.) Risk of loss or damage to Equipment or Software
            returned to ACL for repair or replacement shall be borne by
            Purchaser until delivery to ACL. Upon delivery of such Equipment or
            Software, ACL shall assume the risk of loss or damage until that
            time that the Equipment or Software being repaired or replaced is
            returned and delivered to Purchaser. Purchaser will pay the
            transportation costs for Equipment or Software shipped to ACL for
            repair or replacement save where the repair or replacement arose out
            of faulty and defective design in workmanship or manufacture of the
            equipment or software

      7.6   . ACL shall pay all transportation costs associated with returning
            repaired or replaced Equipment or Software to Purchaser unless there
            was no fault found (NFF), in which event, Purchaser shall pay such
            transportation costs along with ACL's then prevailing NFF charge.

      7.7 ACL will charge Purchaser for any maintenance carried out which is not
      covered by the warranties contained in Section 7.2 or Section 8 at the
      rates agreed by the parties for such services.


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8.    WARRANTY ON REPAIRED MATERIALS.

      ACL warrants that the Equipment or Software returned by ACL following
      repair or replacement by ACL shall be free from defects in materials and
      faulty workmanship and that the Software will conform in all material
      respects to ACL's published specifications therefor for ninety (90) days
      from the date of Delivery or until the end of the Warranty Period,
      whichever is longer.

9.    LIMITATION OF LIABILITY.

      9.1 WITHOUT PREJUDICE TO SECTION 9.3, NEITHER ACL NOR ANY OF ITS OFFICERS,
      DIRECTORS, EMPLOYEES, AGENTS, REPRESENTATIVES, SHAREHOLDERS, OR AFFILIATES
      (ACL AND SUCH OTHER PERSONS, THE "ACL PARTIES"), SHALL HAVE ANY LIABILITY
      TO PURCHASER IN CONTRACT, TORT OR OTHERWISE (INCLUDING WITHOUT LIMITATION
      NEGLIGENCE OR BREACH OF STATUTORY DUTY) FOR LOSS OF PROFITS, INCOME,
      REVENUE OR DATA, OR INCIDENTAL, CONSEQUENTIAL, INDIRECT OR PUNITIVE
      DAMAGES OR LOSSES, ARISING FROM OR IN CONNECTION WITH THIS AGREEMENT, ANY
      PURCHASE ORDER PLACED PURSUANT TO THIS AGREEMENT OR ANY COLLATERAL
      CONTRACT, OR FROM OR IN CONNECTION WITH THE EQUIPMENT OR THE SOFTWARE OR
      THE USE THEREOF OR THE INABILITY TO USE THEM EITHER SEPARATELY OR IN
      COMBINATION WITH OTHER EQUIPMENT OR SOFTWARE,

      9.2. ACL shall be liable for physical damage to property due to ACL's
      negligence up to a maximum aggregate amount of two million US Dollars
      (USD2,000,000).

      9.3 Nothing in this Agreement shall exclude or in any way limit ACL
      liability for death or personal injury caused by its negligence.

10.   SOFTWARE LICENCE.

      10.1 ACL shall grant Purchaser a nonexclusive, non-transferrable license
      to use the Software, only with the Equipment purchased under this
      Agreement. Software licensed under this Agreement is defined as computer
      programs contained on a magnetic tape, disc, semiconductor device, or
      other memory, including: (a) hardwired logic instructions which manipulate
      data in the central processor and which control input-output operations,
      error diagnostics, and recovery routine; and (b) instruction sequences in
      machine-readable code which control call processing, peripheral equipment,
      and administration and maintenance functions as well as associated
      documentation used to describe, maintain, and use the programs.


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      10.2 Any Software provided to Purchaser by ACL shall be treated as the
      exclusive property of ACL, and Purchaser shall: (1) treat such Software as
      Confidential Information under Section 12 of this Agreement; (2) utilise
      such Software or any portions or aspects thereof (including any methods or
      concepts utilised therein) solely in conjunction with the Equipment; (3)
      return to ACL all memory media, documentation and/or other material that
      has been modified, updated or replaced; (4) not modify, disassemble or
      decompile such Software, or reverse engineer any portion of the Software
      or functioning of the ACL Products, or permit others to do so, without
      ACL's prior written consent; and (5) not reproduce or copy such Software
      in whole or in part except for backup and archival purposes or as
      otherwise permitted in writing by ACL. (Information to achieve
      interoperability of the Software with independently created programs,
      within the meaning of Article 6 of the Directive on the Legal Protection
      of Computer Programs shall be provided by ACL to the Purchaser upon the
      signing of this agreement.

      10.3 The obligations of Purchaser under this Section 10 shall survive the
      termination of the Agreement for any reason and shall continue even if the
      Software is no longer used with the Equipment.

11.   DOCUMENTATION.

      For the initial Purchase Order, ACL shall furnish six full sets of
      documentation, in hard and soft copies to the Purchaser at no extra cost,
      for the products specified in Exhibit A including cabling diagrams to be
      used for the operation and maintenance of the Equipment and Software.
      Thereafter, for documentation updates and further Purchase Orders ACL will
      provide a single copy on CD-ROM and in hard copy. All such documentation
      is to be treated in accordance with the terms of Section 12. Updates to
      the documentation shall be at no charge during the Warranty Period.

12.   CONFIDENTIAL INFORMATION.

      12.1 The Confidentiality Agreement, dated 22 August 2001 between ACL and
      the Purchaser is incorporated herein by reference. The obligations of
      Sections 10 and 12 will survive termination or cancellation of this
      Agreement.

13.   EXCUSABLE DELAY

      None of the parties shall suffer any liability for non-performance,
      defective performance, or late performance under this Agreement


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      due to causes beyond its control and without its fault or negligence such
      as, but not limited to, acts of God, war (including civil war), civil
      unrest, acts of government, fire, floods, explosions, the elements,
      epidemics, quarantine, restrictions, strikes, lock-outs, plant shutdown.
      In the event of excusable delay as defined in the preceding sentence, then
      the affected party, upon giving prompt written notice to the other shall
      be excused from such performance on a day-to-day basis to the extent of
      such prevention, restriction, or interference (and the other party shall
      likewise be excused from performance of its obligations on a day-to-day
      basis to the extent that the party's obligations relate to the performance
      so prevented, restricted, or interfered with), provided that the party in
      default shall use its best endeavours to avoid or remove such causes of
      non-performance and both parties shall proceed to perform with dispatch
      whenever such causes are removed or cease to exist.

      Each party reserves the right to cancel or otherwise terminate this
      Agreement if the other's performance is delayed for a period of more than
      ninety (90) days.

14.   GENERAL INDEMNITY.

      14.1 ACL agrees to indemnify and hold Purchaser harmless against all
      costs, expenses, liabilities, damages, losses, claims, or proceedings
      incurred by Purchaser in an action by a third party alleging that
      Purchaser's use of the Equipment or the Software, separately or in
      combination, as a whole or in part, constitutes an infringement of their
      intellectual property rights wherever in the world enforceable, including
      applications to register and rights to apply for any such rights
      ("Intellectual Property Rights"). ACL agrees to defend Purchaser against
      any such claims and to pay all litigation costs, reasonable lawyer's fees,
      settlement payments, and any damages awarded or resulting from any such
      claim.

      14.2 Purchaser shall promptly advise ACL of any such suit, claim, or
      proceeding and shall co-operate with ACL in the defence or settlement
      thereof. ACL shall have sole control of the defence of any action
      involving such a claim and of all negotiations for its settlement.

      14.3 In the event that an injunction is obtained against Purchaser's use
      of the Equipment and/or the Software, in whole or in part, as a result of
      any such claim under Section 14.1, ACL shall use its best efforts to
      either: (a) procure for Purchaser the right to continue using the portions
      of the Equipment or the Software enjoined from use; or (b) replace or
      modify the same with functionally equivalent or better Equipment and/or
      Software so that Purchaser's use is not subject to any


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      such injunction. In the event that ACL cannot perform the remedies set
      forth in Sections 14.3(a) or 14.3(b), then Purchaser shall have the right
      to return such Equipment and the Software to ACL. In the event of such
      return, ACL shall refund the full value of the Equipment and the licence
      to use the Software within fifteen (15) days of the receipt by ACL of the
      Equipment and the Software.

      14.4 This indemnity shall not apply to claims arising in respect of the
      use of the Equipment or Software supplied by ACL or manufactured by its
      suppliers in accordance with any design or any special instruction
      furnished by Purchaser, or which Purchaser uses in a manner or for a
      purpose not contemplated by this Agreement.

      14.5 The provisions of this Section 14 set forth the entire obligation of
      ACL with respect to any claim of infringement of Intellectual Property
      Rights.

15.   REMEDIES AND TERMINATION.

      15.1 Either party shall have the right, prior to payment to ACL of the
      Invoice Total, to suspend its performance under this Agreement by written
      notice to the other Party if that party shall: (a) become insolvent; (b)
      have a receiver or manager appointed over the whole or any part of its
      assets or business; (c) make any composition or arrangement with its
      creditors; (d) take or suffer any similar action in consequence of debt,
      or an order or resolution is made for its dissolution or liquidation
      (other than for the purpose of amalgamation or reconstruction). .

      15.2 In the event of any material breach of this Agreement by either party
      which shall continue for thirty (30) or more days after written notice of
      such breach (including a reasonably detailed statement of the nature of
      such breach) shall have been given to the breaching party by the aggrieved
      party, the aggrieved party shall be entitled at its option: (a) to avail
      itself of any and all remedies available at law or equity; or (b) to
      terminate this Agreement; or (c) if the aggrieved party is ACL, to suspend
      performance of all of its obligations under the Agreement for as long as
      the breach continues uncorrected or (d) if the aggrieved party is the
      Purchaser, to suspend payment of any monies due and payable to ACL until
      the breach is corrected.

      15.3 In the event (a) either party fails timely to discharge its
      obligations under this Agreement and (b) the aggrieved party employs a
      lawyer in order to collect any amount due and unpaid or to enforce any
      right or remedy hereunder, then the defaulting party agrees that, in
      addition to all amounts due hereunder, it shall pay all costs of


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      collection or enforcement including court costs and reasonable Lawyer's
      fees.

16.   PURCHASER'S RESPONSIBILITIES.

      To the extent that Purchaser requests Installation Services, and ACL
      accepts the Purchase Order for such Installation Services, then:

      a.    Purchaser shall ensure that all ACL-designated personnel have access
            to Purchaser's premises and the Equipment during the times necessary
            to install, maintain, and service the Equipment. ACL's personnel
            shall comply with site and security regulations as specified by
            Purchaser.

      b.    Purchaser shall provide reasonable working space and facilities
            including cooling, light, ventilation, electric current and outlets
            for use by ACL's designated personnel. Adequate storage space for
            equipment and materials shall be made available by Purchaser as
            required. All such facilities shall be provided at no charge to ACL.

      c.    Any information which ACL reasonably requests from Purchaser and
            which is required for ACL to properly install or maintain the
            Equipment shall be provided by Purchaser in a timely fashion and
            form reasonably specified by ACL.

      d.    Purchaser shall not perform, or attempt to perform, or cause to be
            performed any maintenance or repair to the Equipment during the term
            of this Agreement, other than pursuant to this Agreement, without
            ACL's prior, written consent.

17.   ACL's RESPONSIBILITIES

      To the extent that Purchaser requests Installation/or and Maintenance
      Services and/or training services, and ACL accepts the Purchase Order for
      such Services, then:

      a.    ACL shall provide all necessary tools and test equipment required
            for the installation, testing and commissioning of the Equipment and
            Software.

      b.    ACL shall work in conjunction with other contractors of Monarch for
            the interfacing and integration of ACL equipment and Software with
            third party software.


SUPPLY AGREEMENT - PAGE 14
(STDUKSA-revised  May 2000)
<PAGE>

      c.    ACL shall ensure that Monarch Staff are adequately trained in all
            stages of the equipment installation, integration, testing,
            commissioning, operations and maintenance stages.

      d.    ACL shall provide Acceptance Test Procedures, which shall be
            agreeable to both parties.

18.   NOTICES.

      All notices, requests, consents and other communications hereunder must be
      in writing and will be deemed to have been properly given when actually
      received by the party to whom sent, at the following addresses:

      If to ACL:                      If to PURCHASER:

      FAO: Contracts Manager          Sade Adetiba and V. K. Fashola
      Airspan Communications Ltd.     Monarch Communications Ltd.
      Cambridge House,                Orbital House,
      Oxford Road,                    No. 180 Awolowo Road,
      Uxbridge, Middlesex             Ikoyi,
      UB8  1UN                        Lagos
      England                         Nigeria

19.   HARDWARE AND SOFTWARE VERIFICATION

      19.1 If Installation Services are ordered, ACL shall, upon completion of
      the installation, test the Equipment. Purchaser may witness the
      installation and test performance.

      19.2 When the Equipment and Software have satisfactorily completed all of
      ACL's tests, ACL shall provide Purchaser with a "Hardware and Software
      Verification" certificate. The written acceptance of the certificate by
      Purchaser will be deemed, for purposes of this Agreement, as "Completion
      of Installation".

      19.3 The tests that the ACL Products must successfully complete as part of
      the commissioning process are set forth in Exhibit C hereto. Such
      commissioning tests may be amended from time to time by agreement of both
      parties in writing.

20.   PUBLICITY.


SUPPLY AGREEMENT - PAGE 15
(STDUKSA-revised  May 2000)
<PAGE>

      Both parties agree not to publish any press releases or otherwise
      publicise the existence, or any of the terms, of this Agreement without
      the prior written consent of the other party.

21.   MISCELLANEOUS.

      21.1 This Agreement shall be construed in accordance with and governed by
      the laws of England, without regard to its conflicts of law rules.

      21.2 (a) Any dispute, controversy or claim between the parties arising out
      of, or in connection with, this Agreement, or the breach, termination or
      validity thereof will be resolved by mutual agreement of the parties. If
      any dispute, controversy, or claim arising out of or relating to this
      Agreement, or the breach, termination, or validity thereof is unable to be
      resolved by mutual agreement of the parties, then any such dispute shall
      be finally resolved by arbitration under the Rules of the Chartered
      Institute of Arbitrators, England, as then in force, by one or more
      arbitrators appointed in accordance with said Rules. The place of
      arbitration shall be London, England. The language used during arbitration
      shall be the English language. The parties agree that the award of the
      arbitrator(s) shall, except as provided below, be the sole and exclusive
      remedy between them regarding the claims, counterclaims, issues or
      accounting presented or pled to the arbitrator(s) and that the award may
      be enforced in other jurisdiction in any manner provided by law. The
      arbitrator(s) shall be entitled to award to the substantially prevailing
      party its attorneys fees and costs incurred in connection with the
      arbitration proceedings and preparation for the same.

      (b) Notwithstanding the provisions of item (a) above, the parties hereto
      shall be entitled to seek injunctive or similar relief from a court of
      competent jurisdiction with respect to any actual, impending or threatened
      breach of confidentiality provisions and other provisions of this
      Agreement, including provisions intended to protect intellectual property
      rights. In any court proceedings contemplated by this item (b), the
      substantially prevailing party shall be entitled to recover from the other
      party its attorneys fees and costs.

      21.3 The delay or failure on the part of any of the parties to enforce at
      any time any of the provisions of this Agreement or any right with respect
      thereto, or to exercise any option herein provided shall in no way be
      construed to be a waiver of such provision, rights, or options, or in any
      way to affect its right later to enforce them. The exercise by any of the
      parties of its rights hereunder or of any options hereunder under the
      terms or covenants herein shall not preclude or prejudice the party


SUPPLY AGREEMENT - PAGE 16
(STDUKSA-revised  May 2000)
<PAGE>

      from thereafter exercising the same or any right which it may have under
      this Agreement, irrespective of any previous action or proceeding taken by
      the party hereunder.

      21.4 This Agreement shall be binding upon and inure to the benefit of the
      successors, legal representatives and assigns of both parties.

      21.5 This Agreement and any Exhibit hereto shall be modified only by an
      instrument in writing that is signed by duly authorised representatives of
      the parties.

      21.6 The provisions of this Agreement are severable, and if any provision
      is held invalid or unenforceable in whole or in part in any jurisdiction,
      then such invalidity or unenforceability will affect only such provision
      or part thereof in such jurisdiction, and will not in any manner affect
      the provision in any other jurisdiction, or any other provision in this
      Agreement in any other jurisdiction. To the extent legally permissible, an
      arrangement that reflects the original intent of the parties will be
      substituted for such invalid or unenforceable provision.

      21.7 All obligations that by their nature survive the expiration,
      cancellation or termination of this Agreement shall remain in effect after
      its expiration, cancellation or termination.

      21.8 None of the parties shall be entitled to assign this Agreement or its
      rights under it without the prior written consent of the other party, and
      such consent shall not to be unreasonably withheld or delayed.

      21.9 In the performance of its obligations under this Agreement, the
      parties shall at all times strictly comply with all export laws,
      regulations, and orders of the United Kingdom and the United States of
      America. Purchaser specifically acknowledges that Equipment, Software, or
      technology obtained from ACL pursuant to this Agreement shall not be
      exported, re-exported, transhipped, disclosed, diverted, or transferred,
      directly or indirectly, contrary to U.K. and U.S. laws, orders or
      regulations, which ACL shall provide to the purchaser on request.

      21.10 TAXES

      It is hereby agreed that each party shall be responsible for such taxes,
      levies and other charges issued in their respective countries in respect
      of this agreement.

22.   This document constitutes the entire agreement between the parties with
      respect to the subject matter hereof, and supersedes all previous
      communications, representations, understandings and agreements,


SUPPLY AGREEMENT - PAGE 17
(STDUKSA-revised  May 2000)
<PAGE>

      either oral or written, between the parties or any official or
      representative thereof.

      IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
      duly executed as of the Effective Date, such parties acting by their
      officers, being thereunto duly authorised.


Airspan Communications Ltd.             Monarch Communications Ltd.

By:________________________________     By:____________________________

Name:______________________________     Name:__________________________

Title:_____________________________     Title:_________________________


SUPPLY AGREEMENT - PAGE 18
(STDUKSA-revised  May 2000)
<PAGE>

                                    EXHIBIT A

                                 "ACL Products"

AS4000 and AS8100 products. Purchaser may order the following items:

--------------------------------------------------------------------------------
Catalogue number and Item description
--------------------------------------------------------------------------------
Subscriber Terminal type
--------------------------------------------------------------------------------
801-6319 : ST-R1, 1-line 64k or 32k POTS (Ant, SIU, internal batt) options:
Type 6 Eur
--------------------------------------------------------------------------------
801-6329 : ST-R2, 2-line 64k or 32k POTS (Ant, SIU, internal batt) options:
Type 6 Eur
--------------------------------------------------------------------------------
803-6349 : ST-N4,   4-Line 64k or 32k POTS (Ant, SIU) options: Type 6 Eur
--------------------------------------------------------------------------------
804-6319 : ST-B1,   (ISDN 2B+D) (Ant, SIU) options: Type 6 Eur
--------------------------------------------------------------------------------
811-6329 : ST-P1V2, Ethernet+2-Line 64 & 32k POTS (Ant, SIU) options: Type 6
Eur
--------------------------------------------------------------------------------
ST Ancillaries and Spares
--------------------------------------------------------------------------------
890-0009 : ST antenna drop cable kit (300m standard cable)
--------------------------------------------------------------------------------
605-0010-257 : ST Installation toolkit
--------------------------------------------------------------------------------
CT and AC Rack mechanics
--------------------------------------------------------------------------------
700-0002 : CT Rack with RF Combiner shelf + 2 AS4000 Modem shelves (E1)
--------------------------------------------------------------------------------
703-0002 : Rack with 2 AC shelves
--------------------------------------------------------------------------------
CT Antenna Systems
--------------------------------------------------------------------------------
710-6941 : Directional Antenna, 1 feeder port,  90 Deg 3.4-3.7 GHz
--------------------------------------------------------------------------------
CT Antenna Feeder
--------------------------------------------------------------------------------
712-0050 : CT Antenna Feeder 7/8 inch coaxial  (1x50m)+ Installation kit
--------------------------------------------------------------------------------
CT RF plug in sets
--------------------------------------------------------------------------------
720-6300 : CT RF full plug in set 3.4-3.6 GHz Plan 1 (2PA+MON+3PSU+2DIPLNA)
--------------------------------------------------------------------------------
CT AS4000 DA Modem shelf card sets and AS4020 Modem shelves
--------------------------------------------------------------------------------
751-6300 : DA Modem shelf full card set (E1) (3.5MHz) 3.4-3.6 GHz Plan 1
(RF+AU+TU+SC+2PSU+5Modems)
--------------------------------------------------------------------------------
AC Shelf plug-ins
--------------------------------------------------------------------------------
780-0000 : AC Basic Shelf card set (Generic E1) (2PSU+SC+CTU+XTU)
--------------------------------------------------------------------------------
303-1002-900 : E1 TU card
--------------------------------------------------------------------------------
303-1009-900 : AC CU card
--------------------------------------------------------------------------------
605-0010-235 : AC PTU card
--------------------------------------------------------------------------------
Software and NMS
--------------------------------------------------------------------------------
870-1000 : AS8100/8200 Sitespan Desktop Hardware Platform (Windows NT PC +
Serial port expansion.)
--------------------------------------------------------------------------------
870-2100 : AS8100 Sitespan Client / Server software (AS4000 support) and RTU
license
--------------------------------------------------------------------------------
870-2300 : AS8100/8200 Sitespan Shelf License
--------------------------------------------------------------------------------
870-2900 : Annual Maintenance/Upgrade charge for Sitespan software
--------------------------------------------------------------------------------
871-xxxx : V5.x License for 1000 subscribers
--------------------------------------------------------------------------------
872-1000 : STMON for Windows 98 and NT
--------------------------------------------------------------------------------
Documentation
--------------------------------------------------------------------------------
880-2000 : AS4000 DA Documentation (CD-ROM)
--------------------------------------------------------------------------------
880-3000 : AS8100/8200 (Sitespan) Documentation (CD-ROM)
--------------------------------------------------------------------------------
Services (NB. Estimate only. Travel and expenses not included)
--------------------------------------------------------------------------------
885-2000 : Installation services (per day, excl T&E)
--------------------------------------------------------------------------------


SUPPLY AGREEMENT - PAGE 19
(STDUKSA-revised  May 2000)
<PAGE>

                                    EXHIBIT B

                                  "Price List"




SUPPLY AGREEMENT - PAGE 20
(STDUKSA-revised  May 2000)
<PAGE>

                                    EXHIBIT B

                                  "Price List"

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
Schedule of Equipment for Monarch Nigeria Project                                                       Quantities
-------------------------------------------------------------------------------------------------------------------------------
                                                                                                      Infrastructure
-------------------------------------------------------------------------------------------------------------------------------
Catalogue number and Item description                                                   Price Agro Diyan   Ikeja     Apapa
-------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                         <C>      <C>         <C>       <C>
Subscriber Terminal type
----------------------------------------------------------------------------------------------
801-6319  : ST-R1,   1-line 64k or 32k POTS (Ant, SIU, internal batt) options:
                     Type 6 Eur                                                             *
801-6329  : ST-R2,   2-line 64k or 32k POTS (Ant, SIU, internal batt) options:
                     Type 6 Eur                                                             *
803-6349  : ST-N4,   4-Line 64k or 32k POTS (Ant, SIU) options: Type 6 Eur                  *
804-6319  : ST-B1,   (ISDN 2B+D) (Ant, SIU) options: Type 6 Eur                             *
811-6329  : ST-P1V2, Ethernet+2-Line 64 & 32k POTS (Ant, SIU) options:
                     Type 6 Eur                                                             *
Total Subscriber Terminals
----------------------------------------------------------------------------------------------
ST Ancillaries and Spares
890-0009 : ST antenna drop cable kit (300m standard cable)                                  *
605-0010-257 : ST Installation toolkit                                                      *
Total ST Ancillaries and Spares
----------------------------------------------------------------------------------------------
CT and AC Rack mechanics
700-0002 : CT Rack with RF Combiner shelf + 2 AS4000 Modem shelves (E1)                     *        *           *         *
703-0002 : Rack with 2 AC shelves                                                           *        *
Total CT and AC Rack mechanics
----------------------------------------------------------------------------------------------
CT Antenna Systems
710-6941 : Directional Antenna, 1 feeder port,  90 Deg 3.4-3.7 GHz                          *        *           *         *
Total CT Antenna Systems
----------------------------------------------------------------------------------------------
CT Antenna Feeder
712-0050 : CT Antenna Feeder 7/8 inch coaxial  (1x50m)+ Installation kit                    *        *           *         *
Total CT Antenna Feeder
----------------------------------------------------------------------------------------------
CT RF plug in sets
720-6300 : CT RF full plug in set 3.4-3.6 GHz Plan 1 (2PA+MON+3PSU+2DIPLNA)                 *        *           *         *
Total CT RF plug in sets
----------------------------------------------------------------------------------------------
CT AS4000 DA Modem shelf card sets and AS4020 Modem shelves
751-6300 : DA Modem shelf full card set (E1) (3.5MHz) 3.4-3.6 GHz Plan 1
           (RF+AU+TU+SC+2PSU+5Modems)                                                       *        *           *         *
Total CT AS4000 DA Modem shelf card sets and AS4020 Modem shelves
----------------------------------------------------------------------------------------------
AC Shelf plug-ins
780-0000 : AC Basic Shelf card set (Generic E1) (2PSU+SC+CTU+XTU)                           *        *
303-1002-900 : E1 TU card                                                                   *        *
303-1009-900 : AC CU card                                                                   *        *
605-0010-235 : AC PTU card                                                                  *        *
Total AC Shelf plug-ins
----------------------------------------------------------------------------------------------
Software and NMS
870-1000 : AS8100/8200 Sitespan Desktop Hardware Platform (Windows NT PC +
           Serial  port expansion.)                                                         *        *
870-2100 : AS8100 Sitespan Client / Server software (AS4000 support) and RTU
           license                                                                          *        *
870-2300 : AS8100/8200 Sitespan Shelf License                                               *        *
870-2900 : Annual Maintenance/Upgrade charge for Sitespan software                          *        *
871-xxxx : V5.x License for 1000 subscribers                                                *        *
872-1000 : STMON for Windows 98 and NT                                                      *        *
Total Software and NMS
----------------------------------------------------------------------------------------------
Documentation
880-2000 : AS4000 DA Documentation (CD-ROM)                                                 *        *
880-3000 : AS8100/8200 (Sitespan) Documentation (CD-ROM)                                    *        *
Total Documentation
----------------------------------------------------------------------------------------------
Services (NB. Estimate only. Travel and expenses not included)
885-2000 : Installation (per day, excl T&E)                                                 *        *
885-1000 : Site Survey (per day, excl T&E)                                                  *
885-3000 : Radio Planning (per day, excl T&E)                                               *
885-4000 : Airspan Training (per day at Uxbridge for up to 7 students, excl T+E)            *
885-4001 : Airspan Training (per day on Customer premises for up to 7 students,
           excl T+E)                                                                        *
885-4002 : Airspan Training (per day per additional student, excl T+E)                      *
885-5000 : Project Management (per manager per day, excl T&E)                               *
Total Services
----------------------------------------------------------------------------------------------

-------------------------------------------------------------------------------------------------------------------------------
                                                                                   Totals
-------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
Schedule of Equipment for Monarch Nigeria Project                                                   Quantities
------------------------------------------------------------------------------------------------------------------------------------
                                                                                                  Infrastructure        Subscribers
------------------------------------------------------------------------------------------------------------------------------------
Catalogue number and Item description                                               Agege         Amuwo-Odofin   Units
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                           <C>           <C>          <C>
Subscriber Terminal type
------------------------------------------------------------------------------------
801-6319  : ST-R1,   1-line 64k or 32k POTS (Ant, SIU, internal batt) options:
                     Type 6 Eur                                                                                          *
801-6329  : ST-R2,   2-line 64k or 32k POTS (Ant, SIU, internal batt) options:
                     Type 6 Eur                                                                                          *
803-6349  : ST-N4,   4-Line 64k or 32k POTS (Ant, SIU) options: Type 6 Eur                                               *
804-6319  : ST-B1,   (ISDN 2B+D) (Ant, SIU) options: Type 6 Eur
811-6329  : ST-P1V2, Ethernet+2-Line 64 & 32k POTS (Ant, SIU) options:
                     Type 6 Eur                                                                                          *
Total Subscriber Terminals
------------------------------------------------------------------------------------
ST Ancillaries and Spares
890-0009 : ST antenna drop cable kit (300m standard cable)                                                               *
605-0010-257 : ST Installation toolkit
Total ST Ancillaries and Spares
------------------------------------------------------------------------------------
CT and AC Rack mechanics
700-0002 : CT Rack with RF Combiner shelf + 2 AS4000 Modem shelves (E1)                       *             *
703-0002 : Rack with 2 AC shelves
Total CT and AC Rack mechanics
------------------------------------------------------------------------------------
CT Antenna Systems
710-6941 : Directional Antenna, 1 feeder port,  90 Deg 3.4-3.7 GHz                            *             *
Total CT Antenna Systems
------------------------------------------------------------------------------------
CT Antenna Feeder
712-0050 : CT Antenna Feeder 7/8 inch coaxial  (1x50m)+ Installation kit                      *             *
Total CT Antenna Feeder
------------------------------------------------------------------------------------
CT RF plug in sets
720-6300 : CT RF full plug in set 3.4-3.6 GHz Plan 1 (2PA+MON+3PSU+2DIPLNA)                   *             *
Total CT RF plug in sets
------------------------------------------------------------------------------------
CT AS4000 DA Modem shelf card sets and AS4020 Modem shelves
751-6300 : DA Modem shelf full card set (E1) (3.5MHz) 3.4-3.6 GHz Plan 1
           (RF+AU+TU+SC+2PSU+5Modems)                                                         *             *
Total CT AS4000 DA Modem shelf card sets and AS4020 Modem shelves
------------------------------------------------------------------------------------
AC Shelf plug-ins
780-0000 : AC Basic Shelf card set (Generic E1) (2PSU+SC+CTU+XTU)
303-1002-900 : E1 TU card
303-1009-900 : AC CU card
605-0010-235 : AC PTU card
Total AC Shelf plug-ins
------------------------------------------------------------------------------------
Software and NMS
870-1000 : AS8100/8200 Sitespan Desktop Hardware Platform (Windows NT PC +
           Serial  port expansion.)
870-2100 : AS8100 Sitespan Client / Server software (AS4000 support) and RTU
           license
870-2300 : AS8100/8200 Sitespan Shelf License
870-2900 : Annual Maintenance/Upgrade charge for Sitespan software
871-xxxx : V5.x License for 1000 subscribers
872-1000 : STMON for Windows 98 and NT
Total Software and NMS
------------------------------------------------------------------------------------
Documentation
880-2000 : AS4000 DA Documentation (CD-ROM)
880-3000 : AS8100/8200 (Sitespan) Documentation (CD-ROM)
Total Documentation
------------------------------------------------------------------------------------
Services (NB. Estimate only. Travel and expenses not included)
885-2000 : Installation (per day, excl T&E)
885-1000 : Site Survey (per day, excl T&E)
885-3000 : Radio Planning (per day, excl T&E)
885-4000 : Airspan Training (per day at Uxbridge for up to 7 students, excl T+E)
885-4001 : Airspan Training (per day on Customer premises for up to 7 students,
           excl T+E)
885-4002 : Airspan Training (per day per additional student, excl T+E)
885-5000 : Project Management (per manager per day, excl T&E)
Total Services
------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------
                                                                                   Total
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<S>                                                                                  <C>           <C>
---------------------------------------------------------------------------------   ---------------------------------
Summary                                                                                            Discount Schedule
---------------------------------------------------------------------------------   ---------------------------------
Infrastructure Total                                                                               >* STs per yr
                                                                                    ---------------------------------
                                                                                                   Subscribers
---------------------------------------------------------------------------------   ---------------------------------
*                                                                                    R1            *
                                                                                    ---------------------------------
                                                                                     R2            *
---------------------------------------------------------------------------------   ---------------------------------
Subscriber Total                                                                     N4            *
                                                                                    ---------------------------------
                                                                                     B1            *
---------------------------------------------------------------------------------   ---------------------------------
Grand Total                                                                          P1V2          *
                                                                                    ---------------------------------
                                                                                                   Infrastructure
                                                                                    ---------------------------------
                                                                                                   *
---------------------------------------------------------------------------------   ---------------------------------
Quote ref 2001-33 R10                                                             -------------------------------------------------
9/14/2001                                                                          In event of a further order being placed for
Quote expires 24/09/01                                                             delivery before 15th September 2002 of * STs or
1. All prices are quoted CIP Lagos (as per Incoterms 2000)                         greater, then the unit price reduces for the
2. Payment is by LOC or other similar means                                        whole volume to that shown in the >* STs column.
3. Please refer to the quote reference number in any communications with Airspan.  A purchase credit will be applied to this
4. Payment 10%  with order, 50%  50 days after delivery, 40% 140 days after        additional order such that the aggregate unit
delivery.                                                                          price of the total quantity delivered during the
5. Initial Firm Order placed by 15/9/01 for 5 infrastructure sites and 4,000 STs   year will equal the prices in the >* STs column.
6. Delivery of infrastructure and 500 STs to freight forwarders by end September  -------------------------------------------------
2001, delivery in country by end October 2001. Balance of STs to be delivered by
end December 2001.
7. ACL will provide two site visits in Lagos during the first year FOC
8. ACL will provide 870-2300 and 871-xxxx FOC for later stages of infrastructure.
9. ACL will provide 20 working days of ISTAS time for ST installation and
training FOC.
---------------------------------------------------------------------------------
</TABLE>

--------------------------------------- ----------------------------------------
Signature:                              Signature:


\s\ R Olowude                           \s\ J. Paget

R Olowude                               J Paget
Chairman                                Chief Operating Officer
Monarch Communications Limited          Airspan Networks Inc
--------------------------------------- ----------------------------------------


SUPPLY AGREEMENT - PAGE 21
(STDUKSA-revised  May 2000)