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EXHIBIT 10.14

                          CONSULTING SERVICES AGREEMENT

       THIS AGREEMENT is entered into as of September 14, 2001, by and between
Wave Systems Corp., a Delaware corporation having its principal place of
business at 480 Pleasant Street, Suite A-200, Lee, MA 01238, ("Wave"), and
Archon Technologies, Inc., a Colorado corporation having its principal place of
business at 7701 South Eudora Court, Littleton, Colorado 80122 ("Archon").

       Whereas, Wave is contemplating the purchase of certain assets of
SignOnline, Inc., a Delaware corporation, ("SignOnline");

       Whereas, certain of such assets include the software which was created
and developed for SignOnline by Archon pursuant to a certain consulting
agreement by and between SignOnline and Archon dated July 25, 2000 (the
"SignOnline Agreement");

       Whereas, upon the consummation of a purchase by Wave of the above
described the assets of SignOnline, Wave and Archon desire to effectuate this
Agreement whereby Archon will provide the consulting services, license and other
obligations set forth herein:

       1.     SERVICES BY CONTRACTOR

       1.1    SERVICES PROVIDED. Archon, upon request by Wave, shall provide
Wave with technical consulting and software development services (hereinafter
referred to as "Services") by Personnel of Archon pursuant to the terms and
conditions of this Agreement and, when applicable, one or more Statement of Work
documents, as defined below. Archon shall perform the Services in accordance
with generally accepted professional standards, as well as standards designated
by Wave and outlined in any Statement of Work.

       1.2    COMPENSATION. Wave shall pay Archon for Archon's time in rendering
the Services at the rates set forth on Schedule A attached hereto or such other
rates as may be agreed to by the parties in any Statement of Work. Such hourly
rate shall be billed for meetings, phone conferences and all matters directly
connected with Archon's performing the Services, except the billing therefor.
Should the parties agree to accelerate the delivery of Services, the parties may
agree upon a modified rate reflecting any increase in Archon's efforts or
difficulties in meeting such accelerated delivery. Archon will submit invoices
to Wave monthly for services previously rendered and travel related expenses
previously incurred under the terms of each Statement of Work. Wave agrees to
pay all invoices received from Archon within thirty (30) days of receiving each
invoice. Unpaid invoices shall bear interest at the rate of 1.5% per month, or
the maximum allowed by law, whichever is less. Wave agrees to reimburse Archon
for reasonable travel and related expenses, or in accordance with policies and
procedures if specified in the Statement of Work. Archon agrees to follow Wave's
company guidelines for travel and related expenses, which shall be communicated
to Archon, and it is the responsibility of Archon to notify Wave in writing in
advance of any expense that is outside of such guidelines.

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       1.3    DELIVERY SCHEDULE. Archon shall commence the Services on the date
hereof and as otherwise designated in an applicable Statement of Work. In
connection with its Services, Archon shall exercise reasonable efforts to meet
schedules incorporated into any applicable Statement of Work, conditioned upon
Wave's cooperation with Archon's efforts. Such cooperation includes, but is not
limited to: providing Archon with all information necessary to perform the
Services; access to Wave's premises; access to reasonable support facilities,
including phone, fax and other communication services, while Archon is
performing the Services at Wave's premises; nonconflicting and consistent
direction by Wave as to the form of the Services; and such other cooperation by
Wave as is necessary to enable Archon to accomplish the Services. Archon agrees
that it and its Personnel (defined below) will not engage in any inappropriate
and/or illegal conduct while on Wave premises, including but not limited to: (i)
being under the influence of, or affected by, or manufacturing, using or
distributing alcohol, illegal drugs or controlled substances, except for
approved, legal, valid, medical purposes; (ii) the possession of any kind of
weapon and/or (iii) harassment (whether or not sexual), threats or violent
behavior.

       1.4    PERSONNEL OF CONTRACTOR. For the purpose of this Agreement,
"Personnel" shall mean employees of Archon and any agent of Archon providing
Services for or on behalf of Wave through Archon.

       1.5    STATEMENTS OF WORK. In addition to general technical consulting
and support services, Archon shall be engaged in developing software and other
deliverables (as more fully defined in Section 2.1 below, "Work Product") for
Wave. Each project in which Work Product may be delivered to Wave will be
undertaken pursuant to a "Statement of Work" document that will specify the
scope of each task and, if applicable, the time lines relating to such tasks. If
different from the rates stated herein, the daily rates and any financial
agreements relating to such project will be governed by a specific Statement of
Work specifying the work to be contracted, the time requirements and any and all
financial commitments related to the work quoted, and signed by Wave and Archon.
If any provision of a Statement of Work conflicts with any provision of this
Agreement, the provisions of the Statement of Work shall take precedence, so
long as it has been signed by both parties. Unless otherwise agreed to by the
parties in any Statement of Work, Wave shall pay to Archon upon the execution of
any such Statement of Work, as an advance of fees for Services performed
pursuant to such Statement of Work, an amount equal to 20% of the estimated
total cost of the services to be performed thereunder (a "Prepayment"), such
estimate to be mutually agreed to between the parties. Each Prepayment shall be
a credit against the charges to be incurred under the corresponding Statement of
Work and the amount due pursuant to each invoice issued by Archon to Wave
thereunder shall be credited by 20% until such Prepayment is exhausted. Any
portion of a Prepayment which is not at the conclusion of any Statement of Work
exhausted pursuant to the immediate preceding sentence shall, upon request by
Wave, be repaid by Archon to Wave.

       1.6    QUALIFICATION OF PERSONNEL. Archon shall select Personnel to
perform Services for Wave who are fully qualified to perform the requested
Services, and upon request by Wave shall submit their names and qualifications
to Wave in advance of performing any Services. Wave reserves the right to
require Archon to replace any person providing Services if, in Wave's sole
opinion, such person does not perform satisfactorily, does not comply with
Wave's policies and procedures or for other good cause. Archon shall not employ
the services of any subcontractor to assist in any portion of the Services
unless

CONSULTING SERVICES AGREEMENT                                             Page 2

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such subcontracting arrangement is pursuant to a written agreement, which
agreement shall be subject to prior written approval by Wave.

       1.7    STATUS.

              (a)    Archon is an independent contractor, and this Agreement
shall not be construed as creating an employment, partnership or agency
relationship between the parties hereto nor will either party have the right,
power, or authority to create any obligation or duty, express or implied, on
behalf of the other.

              (b)    Archon shall be responsible for all contract and other
obligations it may have with its independent contractors or agents, for the
payment of all wages and salaries payable to its employees, and the cost of
providing employees with any fringe benefits to which they are entitled by
reason of being employed by Archon. Archon shall be solely responsible for the
payment of all income, payroll and other taxes relating to Archon's engagement
hereunder. If Wave is determined to be liable for collection and/or remittance
of any such taxes, Archon shall immediately reimburse Wave for all such payments
made by Wave. Archon, at its expense, shall obtain workers' compensation
insurance, and any other employment-related insurance required by applicable
law, relating to its employees or independent contractors providing services
hereunder in amounts required by applicable law. All such insurance must be with
reputable insurance companies, and, if practicable, Wave shall be named as an
additional insured under such policies of insurance. Archon shall provide an
insurance certificate to Wave evidencing the foregoing upon request by Wave.

       1.8    RECRUITMENT OF STAFF. During the term of this Agreement and for
twenty-four (24) months after this Agreement ends, regardless of the reason it
ends, neither party shall solicit, directly or indirectly, any employee to leave
his or her employment with the other party. Neither party shall, with respect to
any employee of the other party, (I) disclose to any third party the name,
background or qualifications of such employee or otherwise identify such
employee as potential candidates for employment; or (II) personally or through
any other person approach, recruit or otherwise solicit such employee to work
for any other employer.

       2.     PROPRIETARY RIGHTS

       2.1    PROPRIETARY RIGHTS - WAVE OWNERSHIP. Archon agrees that all
software programs, inventions, improvements, developments and discoveries made,
developed, conceived, discovered or reduced to practice by Archon, solely or in
collaboration with others ("Work Product"), during the period of this Agreement
or within 12 months thereafter which (i) relate in any manner to the business of
Wave or the actual or demonstrably anticipated research or development of Wave
that Archon may undertake, investigate or experiment with during the course of
Archon's services hereunder, (ii) Archon may become associated with in the
course of Archon's work, investigation or experimentation in performing its
services hereunder, (iii) are developed by Archon using any Confidential
Information or supplies or facilities of Wave, or (iv) are developed by Archon
at Wave's expense, are the sole property of Wave. To the maximum extent
permitted by law all Work Product shall be considered work for hire (as defined
in 17 USC Section 101) belonging to Wave. Without diminishing Wave's rights
under the preceding sentence,

CONSULTING SERVICES AGREEMENT                                             Page 3

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Archon further agrees to assign and does hereby fully assign all such Work
Product to Wave, including all copyrights, trademarks, trade secrets, patents,
patent and trademark applications and other intellectual property rights of any
kind in such Work Product. To the extent that any such Work Product is not work
product owned by Wave and cannot be assigned to Wave, Archon hereby grants to
Wave an exclusive, perpetual, transferable royalty free license to (a) make,
market, sell or sublicense, execute, reproduce, display, copy, distribute
(internally or externally) copies of, prepare derivative works based upon and to
otherwise exploit in any way such Work Product and (b) to authorize others to do
any, some or all of the foregoing. Wave agrees that any Background Technology
(as defined in Section 2.3 below) shall not be considered Work Product. Archon
hereby irrevocably transfers and assigns to Wave any and all "Moral Rights" (as
defined below) that Archon may have in or with respect to any Work Product.
Archon also hereby forever waives and agrees never to assert any and all Moral
Rights Archon may have in or with respect to any Invention, even after
termination of Archon's work on behalf of Wave. "Moral Rights" means any right
to claim authorship of any Work Product or to prohibit the use of Archon's name
as the author, to object to any distortion, mutilation or other modification of
any Work Product, or to object to any other derogatory action in relation to any
Work Product, and any similar right, existing under judicial or statutory law of
any country, or under any treaty, regardless of whether or not such right is
defined as or generally referred to as a "moral right."

       2.2    CODE. Archon agrees that all software developed under this
Agreement shall be delivered to Wave as both source code and object code. The
source code shall be delivered to Wave within 10 days after final delivery of
the object code to Wave. Thereafter, the source code version of all updates,
enhancements and modifications of the software created by Archon on behalf of
Wave, as well as associated documentation, shall be delivered by Archon to Wave
as requested by Wave.

       2.3    BACKGROUND TECHNOLOGY.

              (a)    Wave acknowledges that Archon owns or holds a license to
use and sublicense various preexisting development tools, routines, subroutines
and other materials that Archon may include in the Work Product developed under
this Agreement. This material shall be referred to hereafter as "Background
Technology"; provided, however, that no such material shall be considered
Background Technology unless it is set forth on Schedule B hereto, or such
amendment to Schedule B to which the parties may later agree. Both parties
acknowledge that as of the date of this Agreement, it is not possible for Archon
to anticipate and list all Background Technology that may be included in Work
Product when finally completed. At the time any completed Work Product is
delivered to Wave, Archon shall update Schedule B so that it may reflect the
Background Technology that the Work Product contains. A copy of the updated
Schedule B shall be provided to Wave and, after approval by Wave, made a part of
this Agreement.

              (b)    Subject to the remainder of this Section 2.3(b), Wave
agrees that Archon shall retain any and all rights Archon may have in the
Background Technology. Archon grants Wave an irrevocable, perpetual,
unrestricted, royalty-free, nonexclusive worldwide license to (a) make, market,
sell or sublicense, execute, reproduce, display, copy, distribute (internally or
externally) copies of, prepare derivative works based upon and to otherwise
exploit in any way all Background Technology, but in all cases only as part of,
accompanied by or in connection with the exploitation of part or all of the Work

CONSULTING SERVICES AGREEMENT                                             Page 4

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Product or any modification thereto, and (b) to authorize others to do any, some
or all of the foregoing.

       2.4    PROPRIETARY RIGHTS - ARCHON'S COOPERATION. Archon agrees that
Archon will assist Wave, at Wave's expense, in every appropriate way with
respect to Wave's proprietary rights in the Work Product, in all countries,
including without limitation: (I) the disclosure to Wave of all pertinent
information and data with respect to Work Product, (II) the execution of all
applications, specifications, oaths, assignments and all other instruments which
Wave shall deem necessary and/or useful in order to apply for and obtain
copyrights, patents, trademarks and other protection, and in order to assign and
convey to Wave, its successors, assigns and nominees the sole and exclusive
rights, title and interest in and to such Work Product, and (III) consultation,
assistance and being available for testimony in any action or proceeding to
enforce such rights. Archon further agrees that its obligations under this
paragraph shall continue after the termination of this Agreement with respect to
any and all Work Product to be assigned to and/or owned by Wave under the
provisions of this Agreement.

       2.5.   THIRD PARTY MATERIALS. Archon understands it is Wave's policy not
to improperly obtain or use confidential, proprietary or trade secret
information that belongs to third parties, including others who have engaged
Archon or who have entrusted confidential information to Archon. Archon will not
use for Wave's benefit or disclose to Wave confidential, proprietary or trade
secret information that belongs to others, unless Archon advises Wave that the
information belongs to a third party and both Wave and the owners of the
information consent to the disclosure and use.

       2.6    REPRESENTATIONS OF ARCHON. Archon represents and warrants that (i)
Archon has the full power and authority to enter into and to fulfill the terms
of this Agreement and to grant the rights and deliver the services and products
described herein free and clear of any liens and encumbrances; (ii) Archon has
not entered and will not enter into any agreements or activities that will or
might interfere or conflict with the terms hereof; (iii) all Work Product is and
will be wholly original with Archon and not copied in whole or in part from any
other work except materials in the public domain or supplied to Archon by Wave,
(iv) the Background Technology is and will be wholly original with Archon and
not copied in whole or in part from any other work except materials in the
public domain or as to which Archon has full and complete rights to use and
re-license or sublicense as set forth herein without present or future
infringement upon the property rights of any third party; and (v) neither any
Work Product nor the Background Technology nor the use of either infringes upon
or violates any right of privacy or publicity of, or constitutes a libel,
slander or any unfair competition against, or infringes upon or violates the
patent, copyright, trademark, trade secret or other intellectual property rights
of any person or entity.

       2.7    REPRESENTATIONS OF WAVE. Wave represents and warrants that (i)
Wave has full power and authority to enter into and to fulfill the terms of this
Agreement; and (ii) Wave has not entered and will not enter into any agreements
or activities that will or might interfere or conflict with the terms hereof.

       2.8    CONTINUING  OBLIGATIONS.  The parties' respective  obligations
under this Section 2 shall survive termination of this Agreement.

CONSULTING SERVICES AGREEMENT                                             Page 5

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3.     CONFIDENTIAL INFORMATION

       3.1    DEFINITION. The parties may disclose to one another certain
confidential or proprietary information including information relating to
respective past, current or future finances, strategies, business plans,
operations, systems, technologies, products and services, (its "Confidential
Information") for mutually beneficial purposes. Disclosure of Confidential
Information may be in any audible, visible or any other tangible or intangible
form or medium, including written, printed, optical, magnetic or electronic.
Confidential Information does not include any information (i) which the party
receiving the Confidential Information (the "Receiving Party") already had in
its possession without confidential limitation at the time of disclosure by the
party disclosing the Confidential Information (the "Disclosing Party"), (ii)
which is independently developed by the Receiving Party, (iii) known or that
becomes known to the general public without breach of this Agreement by the
Receiving Party, (iv) that is received rightfully and without confidential
limitation by the Receiving Party from a third party, and (v) which is lawfully
required to be disclosed, provided, that if possible the Receiving Party must
give written notice to the Disclosing Party before making such disclosure.

       3.2    DUTY OF CONFIDENTIALITY. The Receiving Party shall maintain the
confidentiality of the Disclosing Party's Confidential Information and not
disclose such Confidential Information to any third party other than those of
its officers, employees and agents who have a reasonable need to know such
information for the purposes authorized by the Disclosing Party and who agree to
be bound by the terms of this Nondisclosure Agreement to the same extent as the
Receiving Party. The Receiving Party shall take precautions which are
reasonable, necessary and appropriate to guard the confidentiality of the
Disclosing Party's Confidential Information and shall treat such Confidential
Information with at least the same degree of care which it applies to its own
confidential and proprietary information.

       3.3    OWNERSHIP. All Confidential Information is and shall at all times
remain the property of the Disclosing Party. No use of such Confidential
Information is permitted except as authorized by the Disclosing Party and no
grant under any of the Disclosing Party's intellectual property rights is hereby
given or intended including any license, implied or otherwise. It is understood
that all Work Product is Confidential Information of Wave and it is understood
that all Background Technology (which is marked confidential) is Confidential
Information of Archon; provided, however, that the qualification of Background
Technology as Confidential Information shall not limit or in any way affect the
license granted to Wave with respect to the Background Technology in Section
2.3(b) hereof so long as the disclosure thereof by Wave to any third party is
pursuant to a confidentiality agreement substantially no less effective than
that the used by Wave to protect its own information of similar importance..

       3.4    AGENTS. Should Archon use a nonemployee agent for performance of
any Services under this Agreement, Archon shall require such agent to execute a
confidentiality and nondisclosure agreement in a form acceptable to Wave.

4.     ACCEPTANCE OF WORK PRODUCT

       Upon completion of any Work Product deliverable to Wave, the parties
shall collaborate in promptly testing such Work Product. Any Work Product
delivered by Archon shall be deemed to have

CONSULTING SERVICES AGREEMENT                                             Page 6

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been accepted by Wave only upon Wave's written notice to Archon of its
acceptance of such Work Product. Any such acceptance of any Work Product shall
not be deemed to be a waiver of any warranties (express or implied) in favor of
Wave.

5.     WARRANTY OF SOFTWARE PERFORMANCE

       5.1    WARRANTY OF SOFTWARE DEVELOPMENT SERVICES. Recognizing the
complexity, risk and unpredictability associated with any software development
effort. Archon warrants that the at-will services provided through this contract
focused upon software development are of the highest professional standards
appropriate and reasonable for the scope and schedule of the work. In addition,
Archon warrants that methods have been employed and measures have been taken to
minimize the risk of material software defects that could impact the operational
integrity of the software Work Products developed under this contract. If any
material errors or nonconformities to specification are discovered in the
software Work Products or underlying Background Technology within one (1) year
of acceptance, Archon will promptly analyze the cause of the errors and remedy
these errors and nonconformities identified in writing by Wave. Compensation for
this remediation will be at rates comparable to the rates originally charged in
the Schedule A or the Statement of Work that produced the Work Products.

       5.2    WARRANTY AGAINST DISABLEMENT. Archon expressly warrants that no
portion of the Work Product or Background Technology contains or will contain
any protection feature designed to prevent its use. This includes, without
limitation, any computer virus, worm, software lock, drop dead device,
Trojan-horse routine, trap door, time bomb or any other codes or instructions
that may be used to access, modify, delete, damage or disable the Work Product
or Wave's or any third party's computer system. Archon further warrants that it
will not impair the operation of any Work Product in any way other than by order
of a court of law.

       5.3    WARRANTY OF  COMPATIBILITY.  Archon  warrants that all Work
Product shall be compatible with the Wave's hardware and software as set forth
in the Specifications.

       THE WARRANTIES SET FORTH IN THIS AGREEMENT ARE THE ONLY WARRANTIES
GRANTED BY ARCHON. ARCHON DISCLAIMS ALL OTHER WARRANTIES EXPRESS OR IMPLIED,
INCLUDING, BUT NOT LIMITED TO, ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR
FITNESS FOR A PARTICULAR PURPOSE.

6.     INDEMNIFICATION

       Each party shall indemnify and hold harmless the other party and its
officers, directors, employees, agents and representatives from and against
claims, losses, liabilities, damages, obligations, costs (including without
limitation reasonable attorneys' fees) and expenses which arise from or are
incident to the Services, including without limitation (i) any breach of any of
the terms and conditions of this Agreement, (ii) claims of infringement of
intellectual property rights, (iii) labor and employment related claims such as,
but not limited to, social security obligations, unemployment insurance,
worker's compensation, and state and federal tax withholding obligations, and
(iv) injury or death to persons and damage to property; provided that this
section shall not apply to claims caused solely by a party's gross

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negligence, bad faith or willful misconduct; and provided further that (a) the
indemnifying party gives the indemnified party notice in writing promptly after
being made aware of the claim or suit giving rise to such infringement action
(except that the failure to give such notice shall not disqualify a party from
indemnity hereunder and then only to the extent that such failure results in a
material prejudice to the defense of the action), (b) the indemnifying party has
sole control of the defense of such action and all related settlement
negotiations, subject to its reasonable diligence in the defense and/or
settlement thereof, and (c) the indemnified party provides the indemnifying
party with all reasonable assistance, information and authority necessary to
carry forth such defense and settlement negotiations. The indemnifying party
will reimburse the indemnified party's reasonable expenses incurred at the
indemnifying party request in providing such assistance.

7.     LIMITATION OF LIABILITY

       Regardless of whether any remedy set forth herein fails of its
essential purpose:

       7.1    DISCLAIMER OF CERTAIN DAMAGES. Neither party to this Agreement
shall be liable to the other party for incidental, punitive or consequential
damages, loss of data, replacement of goods, loss of use of data or software or
equipment, or the loss of anticipated revenue or profits; provided, that such
limitation shall not apply to a breach by either party of Sections 2.1, 2.2,
2.3, 2.4, 2.5, 2.6, 2.7, 3 and 5.2 above.

       7.2    LIMITATION OF LIABILITY. The aggregate liability of each party
hereto for any damages hereunder shall not exceed amounts paid by Wave to Archon
as fees under this Agreement; provided, that such limitation shall not apply a
breach by either party of Sections 2.1, 2.2, 2.3, 2.4, 2.5, 2.6, 2.7, 3 and 6
above.

       The foregoing limitations of liability shall not apply in the event
that the actions or inaction of a party result in the unauthorized disclosures,
distribution or use of Confidential Information.

8.     GENERAL PROVISIONS

       8.1    TERMINATION AND SURVIVAL.

       (a)    Unless otherwise agreed in writing, this Agreement is terminable
(i) at will by Wave upon sixty (60) days written notice, (ii) by either party
upon 10 days written notice following breach of the terms hereof by the other
party and failure to cure the same, (iii) immediately in the event of the either
party's insolvency or dissolution; or (iv) immediately in the event that either
party willfully refuses to comply with or implement reasonable policies and work
direction established by the other party. In absence of any termination action
specified above, the term of each Statement of Work will control the duration of
the engagement thereunder. Upon any termination or at the completion of a
Statement of Work, Archon shall promptly return to Wave all embodiments of the
Confidential Information. In the case of accelerated termination, Archon shall
also deliver Wave any Work Product in progress, upon payment by Wave for all
bills that are at such time outstanding and undisputed by the parties. The
rights and obligations of each party (including without limitation
representations, warranties and covenants)

CONSULTING SERVICES AGREEMENT                                             Page 8

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under this Agreement shall be deemed to have commenced upon the commencement of
the discussions between Archon and Wave which led to the engagement by Wave of
Archon (and the consideration for the application of this Agreement shall be the
continuation of the engagement after the date hereof) and shall survive
acceptance and payment by Wave and/or termination of this Agreement for an
indefinite period. Time is of the essence in this Agreement.

       (b)    The provisions of Sections 1.8, 2, 3, 5, 6, 7, 8.1(b), 8.3 and 8.9

       8.2    ASSIGNMENT. Neither party may assign this Agreement or its rights
hereunder, or delegate its obligations hereunder, in whole or in part, without
the written consent of the other party, which consent shall not be unreasonably
withheld.

       8.3    DISPUTE RESOLUTION. In the event of a breach or threatened breach
of the terms of this Agreement by either party hereto, the other party shall be
entitled to seek an injunction in addition to and not in lieu of any other legal
or equitable relief, including money damages. The parties acknowledge that
Confidential Information may be valuable and unique and that disclosure may
result in irreparable injury to the Disclosing Party. Archon hereby waives any
right to rescind or terminate Wave's rights hereunder with respect to any Work
Product. In the event any suit or other action is commenced to construe or
enforce any provision of this Agreement, the prevailing party, in addition to
all other amounts such party shall be entitled to receive from the other party,
shall be paid by the other party a reasonable sum for attorneys' fees and costs.

       8.4    ENTIRE AGREEMENT. This Agreement, together with any schedules or
exhibits hereto or any Statements of Work, contains the entire agreement between
the parties relating to the subject matter hereof, and supersedes all prior or
contemporaneous discussions, representations or agreements except for the
SignOnline Agreement or any amendment thereto.

       8.5    AMENDMENT. The terms, provisions and conditions of this Agreement
may be modified, altered, amended, changed or supplemented only by a writing
signed by Archon and Wave, which may be embodied in a Statement of Work signed
by the parties.

       8.6    NO AGENCY. This Agreement does not constitute either party as the
agent, employee or representative of the other for any purpose whatsoever.
Neither party is granted any express or implied right or authority by the other
party to assume or create any obligation or responsibility on behalf of or in
the name of the other party, or to bind the other party in any manner or thing
whatsoever.

       8.7    SEVERABILITY. If any section, condition, covenant or provision of
this Agreement is held to be invalid or unenforceable, either in itself or as to
any particular party, the remainder of the Agreement will continue in force
unless it would be inequitable and inconsistent with the purpose of the
Agreement to continue to do so.

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       8.8    NO WAIVER. The failure of either party at any time to require
performance by the other party of any provision will not affect in any way the
full right to require such performance at any time thereafter.

       8.9    GOVERNING LAW; VENUE. This Agreement will be subject to and
construed in accordance with the laws of the Commonwealth of Massachusetts, the
state in which this Agreement is being executed, excluding its choice of law
rules. All parties hereby irrevocably consent to the jurisdiction of any federal
or state court sitting in Boston, Massachusetts, waive any objection to the
jurisdiction or convenience thereof, waive any right to jury trial, and agree
that service of process may be effected by registered mail to the address
specified herein or any subsequent Statement of Work.

       8.10   COMPLIANCE WITH LAWS. Both parties agree to comply with all
applicable laws and regulations in performing their duties hereunder. Both
parties understand that Work Product may be restricted by the government of the
United States from export to certain countries and each party agrees that it
will not distribute or reexport directly or indirectly, Work Product, or the
direct product thereof, in any way which will violate any of the export control
laws or regulations of the United States, or to any prohibited country under
such laws and regulations.

       8.11   NOTICES. Notices to either party shall be in writing, in the
English language, and shall be deemed delivered upon receipt when delivered in
person or upon confirmed receipt of electronic mail or facsimile, or three (3)
days after being dispatched by an internationally recognized express courier
service, and delivered to the addresses set forth at the beginning of this
Agreement. A party may change its address for purposes of receiving notices by
giving notice of the change to the other party.

       8.12   COUNTERPARTS. This Agreement may be executed in one or more
counterparts, each of which when taken together shall constitute one and the
same document.

       8.13   SIGNONLINE ACQUISITION. This Agreement will be effective and
binding upon the parties upon the consummation of the acquisition by Wave from
SignOnline of the software which is the subject of the SignOnline Agreement.

                    [SIGNATURES APPEAR ON THE FOLLOWING PAGE]

CONSULTING SERVICES AGREEMENT                                            Page 10

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       EXECUTED as of the day and year first above written.

ARCHON TECHNOLOGIES, INC.                 WAVE SYSTEMS CORP., INC.

By:                                       By:
     ---------------------------------       ---------------------------------
     Name:                                Steven Sprague, President
     Title:

Date:                                     Date:
       --------------------------------         ------------------------------

                [SIGNATURE PAGE TO CONSULTING SERVICES AGREEMENT]

CONSULTING SERVICES AGREEMENT                                            Page 11

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                                   SCHEDULE A

<Table>
<Caption>
                                                                FEES
                                                                ----
                                                                First             Second
             Position                        Rate             Reduction*        Reduction**
             --------                        ----             ----------        -----------
<S>                                           <C>                 <C>              <C>
Engagement Manager                            $225                $214             $203
Project Manager                               $190                $181             $171
Web Architect                                 $175                $166             $158
Senior Web Developer                          $145                $138             $131
Web Developer                                 $110                $105             $ 99
Information Architect                         $180                $171             $162
Database Administrator                        $160                $152             $144
Lead Analyst                                  $150                $143             $135
Senior Business Analyst                       $125                $119             $113
Business Analyst                              $100                $ 95             $ 90
QA Manager                                    $120                $114             $108
QA Analyst                                    $ 90                $ 86             $ 81
</Table>

** The first rate reduction shall be after $150,000 of billable work under the
Agreement.

** The second rate reduction shall take effect after $300,000 of billable work
under the Agreement.

CONSULTING SERVICES AGREEMENT                                            Page 12

<Page>

                                   SCHEDULE B

                              BACKGROUND TECHNOLOGY

       COMPONENTS

Generic Database Component
- Provides communication to database for insert, updates, deletes and reads.
Also provided/supports transaction to SQL Server.

Generic Logging Component
- Error, Web, Database, Audit with ability to send to the Event Log, Queue, or
Database

Generic File Upload Component
- Allows for uploading any file to the web server.

Membership Directory(LDAP) Component
- Ability to build tree menus and page items from the LDAP, query the LDAP,
export and import nodes from an LDAP server.

User Mgmt Component
 - allows for password changing in either NT/2000 or LDAP also provides ability
to add users, delete users, and check group membership of a user.

Message Queue Component
- Provides generic Microsoft Message Queue function like sending, peeking,
getting, listing of queue messages.

Generic File Component
- Provides the ability to stream back a file from the disk.

WebUtil Component
- Primary function is providing TableFromRS where a html table is generated from
a RecordSet (which can be data from any source) and provides display, sorting,
filtering and paging.

RegUtil Component
- Provides generic function for reading and writing to the Windows 9x, NT and
2000 Registry.

CryptUtil Component
- Provides very generic and simple encryption capabilities.

ZipUtil Component
- Zipping and Unzipping component

CONSULTING SERVICES AGREEMENT                                            Page 13

<Page>

Distribution Util
- Provides Mail and FTP distribution of files

       SERVICES
File Listener Services
- NT/2000 services that listens for files arriving in a particular directory at
a given interval and calls any component defined to it for processing of that
file.

       ASP PAGES AND SCRIPTS
Webshell
- Provides the generic three frame shell for applications with a top header with
menu items, a left application feature navigation frame and a center contents
frame.

WebXMLHelp
- Using XML, provides context sensitive help within a web application. XML file
is created with the Archon-Tech WebHelp application that creates the XML file
for the web, and a set of ASP pages provide the context sensitive and help
listing on the web.

JavaScript UI Validation Script
- Provides a set of reusable function for HTML form field validation.

Calendar
Generic calendar ASP pages that provide the date picker.

ASP Feedback Mechanism
- Generic feedback mechanism pages for the web.

LDAP Authentication Pages
- Provides web based forms authentication and validation to the LDAP.

CONSULTING SERVICES AGREEMENT                                            Page 14