Document:

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                                                                  EXECUTION COPY

                           FORM OF RETENTION AGREEMENT

         THIS RETENTION AGREEMENT ("Agreement"), effective as of November 8,
2002, between RenaissanceRe Holdings Ltd., a company organized under the laws of
Bermuda ("RenRe"), and [Director's Name] ("Director").

                              W I T N E S S E T H:
                              - - - - - - - - - -

         WHEREAS, Director is a member of the Board of Directors of RenRe (the
"Board") and in such capacity performs a valuable service for RenRe; and

         WHEREAS, in order to encourage Director to continue to serve as a
member of the Board, RenRe has determined and agreed to enter into this
Agreement with Director;

         NOW, THEREFORE, in consideration of Director's continued service as a
director of RenRe, the parties hereby agree as follows:

         1. AGREEMENT TO SERVE. Director agrees to continue to serve as a
director of RenRe until such time as Director tenders his resignation,
Director's status as a director is terminated, or Director's successor shall be
duly elected and qualified. Director will exercise his powers and discharge his
duties as a director of RenRe in good faith and in the best interests of RenRe
as contemplated by Bermuda law.

         2. COMPLIANCE WITH POLICIES. Director will comply with all duly adopted
policies of RenRe communicated to Director, including without limitation RenRe's
policies relating to transactions involving securities of RenRe, and the
disclosure of any such transactions.

         3. INDEMNIFICATION OF DIRECTOR. RenRe shall defend, hold harmless and
indemnify Director to the fullest extent permitted by Bermuda law, as currently
in effect or as it may hereafter be amended, from and against any and all
damages, losses, liabilities, obligations, claims of any kind, costs, interest
or expense (including, without limitation, reasonable attorneys' fees and
expenses) (collectively, "Losses") that may be incurred or suffered by Director
in connection with or arising out of his service as a member of the Board of
Directors of RenRe, subject only to the provisions of Section 4 below.

         4. EXCEPTIONS TO RIGHT OF INDEMNIFICATION. No indemnification shall be
made under this Agreement in respect of the following:

              (1) Losses relating to the disgorgement remedy contemplated by
         Section 16 of the US Securities Exchange Act of 1934;

              (2) Losses arising out of a knowing violation by Director of a
         material provision of this Agreement or any other agreement to which
         Director is a party with RenRe; and

              (3) Losses arising out of a final, nonappealable conviction of
         Director by a court of competent jurisdiction for a knowing violation
         of criminal law.

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Moreover, the Company shall not effect any advances, or advance any costs,
relating to any proceeding (or part thereof) initiated by the Director unless
the initiation thereof was approved by the Board of Directors of RenRe, or as
may be approved or ordered by a competent tribunal.

         5. PREPAYMENT OF EXPENSES. Unless Director otherwise elects via written
notice to RenRe, expenses incurred in defending any civil or criminal action,
suit or proceeding shall be paid by RenRe in advance of the final disposition of
such action, suit or proceeding upon receipt by RenRe of a written affirmation
of Director's good faith belief that his conduct does not constitute the sort of
behavior that would preclude his indemnification under this Agreement and
Director furnishes RenRe a written undertaking, executed personally or on his
behalf, to repay any advances if it is ultimately determined that he is not
entitled to be indemnified by RenRe under this Agreement.

         6. CONTINUATION OF INDEMNITY. All agreements and obligations of RenRe
contained in this Agreement shall continue during the period in which Director
is a member of the Board of Directors of RenRe and shall continue thereafter so
long as Director shall be subject to any threatened, pending or completed
action, suit or proceeding, whether civil, criminal, administrative or
investigative, and whether formal or informal, by reason of the fact that
Director was a director of RenRe.

         7. INDEMNIFICATION HEREUNDER NOT EXCLUSIVE. The indemnification and
prepayment of expenses provided by this Agreement is in addition to and shall
not be deemed exclusive of any other right to which Director may be entitled
under RenRe's Memorandum of Association, RenRe's Bye-Laws, any agreement, any
vote of shareholders or disinterested directors, Bermuda law, any other law
(common or statutory) or otherwise. Nothing contained in this agreement shall be
deemed to prohibit RenRe from purchasing and maintaining insurance, at its
expense, to protect itself or Director against any expense, liability or loss
incurred by it or him, whether or not Director would be indemnified against such
expense, liability or loss under this Agreement; provided that RenRe shall not
be liable under this Agreement to make any payment of amounts otherwise
indemnifiable hereunder if and to the extent that Director has otherwise
actually received such payment under any insurance policy, contract, agreement
or otherwise. In the event RenRe makes any indemnification payments to Director
and Director is subsequently reimbursed from the proceeds of insurance, Director
shall promptly refund such indemnification payments to RenRe to the extent of
such insurance reimbursement.

         8. RELIANCE. RenRe has entered into this Agreement in order to induce
Director to continue as a member of the Board of Directors of RenRe and
acknowledges that Director is relying upon this Agreement in continuing in such
capacity.

         9. SEVERABILITY. Each of the provisions of this Agreement is a separate
and distinct agreement and independent of the others, so that if any provision
hereof shall be held to be invalid or unenforceable for any reason, such
invalidity or unenforceability shall not affect the validity or enforceability
of the other provisions hereof.

         10. GENERAL.

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              (a) This Agreement shall be governed by and construed in
accordance with the laws of Bermuda.

              (b) Neither this Agreement nor any rights or obligations hereunder
shall be assigned or transferred by Director.

              (c) This Agreement shall be binding upon Director and upon RenRe,
its successors and assigns, including all successors by merger or consolidation,
and shall inure to the benefit of Director, his heirs, personal representatives
and permitted assigns and to the benefit of RenRe, its successors and assigns.

              (d) No amendment, modification or termination of this Agreement
shall be effective unless in writing signed by both parties hereto.

              (e) This Agreement may be executed and delivered in one or more
counterparts, each of which when executed and delivered shall be deemed to be an
original but all of which when taken together shall constitute one and the same
Agreement.

              (f) Any notices required to be given with respect to any matter
relating to or contemplated by this Agreement may be delivered by hand,
facsimile or by overnight courier (x) to Director, at such address as may have
been provided to RenRe and (y) to RenRe, at 8-12 East Broadway, Hamilton HM 19
Bermuda, Fax: 441-296-5037, Attn: Corporate Secretary.

                    [SIGNATURES APPEAR ON THE FOLLOWING PAGE]

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                     [SIGNATURE PAGE TO RETENTION AGREEMENT]

         IN WITNESS WHEREOF, the parties hereto have executed this Agreement on
and as of the day and year first above written.

DIRECTOR:                             RENAISSANCERE HOLDINGS LTD.

-----------------------------         By:
[DIRECTOR'S NAME]                        ----------------------------
                                      Name:
                                           --------------------------
                                      Title:
                                            -------------------------

                                       4<PAGE>

                                                                  Execution Copy

                            RAKO CAPITAL CORPORATION

                             STOCKHOLDERS AGREEMENT

         THIS STOCKHOLDERS AGREEMENT (the "Agreement") dated as of February 7,
2003, is made and entered into by and between RAKO Capital Corporation, a Nevada
corporation (the "Company"), and TWS International, Inc., a Delaware corporation
("TWSI").

                                 R E C I T A L S
                                 - - - - - - - -

         Contemporaneously with the execution hereof, the Company is issuing
shares of its Common Stock (the "Shares") to TWSI in the amount set forth on
Schedule A next to TWSI's name, and the Company and TWSI believe that it is in
their mutual best interest to provide certain rights and limitations with
respect to the transfer and voting of the Shares.

                                    AGREEMENT

         NOW, THEREFORE, in consideration of the foregoing and of the mutual
promises and covenants contained herein, the parties hereto agree as follows:

1.       DEFINITIONS

                  "Acquisition Proposal" shall have the meaning provided in
Section 10.2.

                  "Agents" shall have the meaning provided in Section 10.2.

                  "Affiliate" shall mean, with respect to any Person, any Person
that directly or indirectly controls, is controlled by, or is under common
control with such Person. A Person shall be deemed to control another Person if
the controlling Person owns 25% or more of any class of voting stock of the
controlled Person or possesses, directly or indirectly, the power to direct or
cause the direction of the management and policies of the controlled Person,
whether through ownership of stock, by contract or otherwise.

                  "Approved Sale" shall have the meaning provided in Section 6.1

                  "Approving Holders" shall have the meaning provided in
Section 6.1.

                  "Board" shall mean the Board of Directors of the Company.

                  "Business of the Company" shall mean telecommunications
infrastructure construction.

                  "Common Stock" shall mean, collectively, the Common Stock,
$.001 par value, of the Company and any capital stock of any class of the
Company hereafter

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authorized that is not limited to a fixed sum or percentage of par or stated
value in respect to the rights of the holders thereof to participate in
dividends or in the distribution of assets upon any liquidation, dissolution or
winding up of the Company.

                  "Common Stockholders" shall mean holders of Common Stock.

                  "Disposition Notice" shall have the meaning provided in
Section 2.1.

                  "Exercise Notice" shall have the meaning provided in
Section 2.2.

                  "Participating Stockholder" shall have the meaning provided in
Section 3.2.

                  "Person" shall mean an individual, a partnership, a limited
liability partnership, a corporation, a limited liability company, an
association, a joint stock company, a trust, a joint venture, an unincorporated
organization and a governmental entity or any department, agency or political
subdivision thereof.

                  "Preferred Stock" shall mean shares of Preferred Stock
authorized and issued by the Company.

                  "Prohibited Transfer" shall have the meaning provided in
Section 3.6.

                  "Public Sale" shall mean any sale of Shares to the public
pursuant to an offering registered under the Securities Act or to the public
through a broker, dealer or market maker pursuant to the provisions of Rule 144
adopted under the Securities Act.

                  "Qualified Public Offering" shall mean the sale in an
underwritten public offering registered under the Securities Act of Common Stock
having an aggregate value greater than $10 million at a pre-money valuation of
the Company in excess of $50 million.

                  "Registration Rights Agreement" shall mean the Registration
Rights Agreement of even date herewith between the Company and TWSI.

                  "Required Sale Notice" shall have the meaning provided in
Section 6.1.

                  "Sales Notice" shall have the meaning provided in Section 3.1.

                  "Sale Shares" shall have the meaning provided in Section 3.1.

                  "Securities Act" shall mean the Securities Act of 1933, as
amended from time to time.

                  "Shares" shall mean any and all Common Stock, Preferred Stock,
other equity securities of the Company and rights, options or warrants
exercisable, exchangeable or convertible into equity securities of the Company.

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                  "Stockholders" shall mean Common Stockholders, including TWSI
and any other Transferring Stockholder to whom TWSI has transferred any Shares.

                  "Target Shares" shall have the meaning provided in
Section 2.1.

                  "Transfer" shall have the meaning provided in Section 2.1.

                  "Transferring  Stockholder"  (i) TWSI,  (ii) TWS, Inc., the
parent corporation of TWSI, and (iii) except for Stanford Venture Capital
Holdings, Inc. or its Affiliates, any ten percent (10%) stockholder of TWS,
Inc., in the case of (ii) and (iii) to the extent TWSI has transferred any of
the Shares to those Transferring Stockholders.

2.       RIGHT OF FIRST OFFER

                  2.1   NOTICE.   Subject to Section 4.1, in the event a
Transferring Stockholder desires to sell, transfer or otherwise dispose of (a
"Transfer") any or all of the Shares owned of record or beneficially by such
Transferring Stockholder (the "Target Shares"), such Transferring Stockholder
shall promptly deliver to the Company and the other Stockholders, a written
notice of such intended disposition (a "Disposition Notice") setting forth the
proposed terms and conditions thereof, including the number and type of
securities to be disposed of, any conditions to such disposition, the proposed
timing of such disposition, and the minimum consideration such Transferring
Stockholder will accept in payment for such securities. Except as otherwise
provided herein, a Transferring Stockholder may not sell, transfer or otherwise
dispose of any Shares unless he, she or it delivers to the Company and the other
Stockholders a Disposition Notice and complies with the provisions of this
Section 2 or unless the proposed sale, transfer or disposition is exempt under
Section 4 hereof from the right of first offer granted herein.

                  2.2   THE COMPANY'S RIGHT.   The Company shall, for a period
of thirty (30) days following receipt of a Disposition Notice, have the right to
purchase the Target Shares specified therein upon the terms and conditions
specified in the Disposition Notice, subject to the conditions contained in this
Section 2.2. Such right shall be exercisable by written notice (the "Exercise
Notice") delivered to the Transferring Stockholder and the other Stockholders
prior to the expiration of such thirty-day exercise period. If such right is
exercised with respect to all of the Target Shares specified in the Disposition
Notice, then the Company shall complete the purchase of such Target Shares, by
no later than ten (10) business days after the delivery of the Exercise Notice.
At such time, the Transferring Stockholder shall deliver to the Company the
certificates representing the Target Shares to be purchased, each certificate to
be properly endorsed for transfer. Alternatively, if such right is exercised
with respect to only a portion of the Target Shares specified in the Disposition
Notice, then such right to purchase shall be contingent upon the election of one
or more of the Stockholders to purchase the remaining Target Shares. If the
Company shall notify the Stockholders of the Company's intent to purchase only a
portion of the Target Shares within the thirty-day exercise period above
defined, then the Company's purchase of such Target Shares shall be consummated,
if at all, at the time of the Stockholders' exercise of its purchase rights in
accordance with Section 2.3 hereof. In the event one or more of the Stockholders
do not

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elect to purchase the remaining Target Shares, the Company shall be deemed to
have waived its right under this Section 2.2.

                  2.3   THE STOCKHOLDERS' RIGHT.   Subject to the rights of the
Company under Section 2.2 hereof, the Stockholders other than the Transferring
Stockholder, for a period of the shorter of (i) thirty (30) days from receipt of
the Disposition Notice and (ii) fifteen (15) days from receipt of written notice
of the Company's election either to waive its purchase right or to purchase only
a portion of the Target Shares, shall have the right to purchase all, or the
remaining balance after giving effect to the Company's exercise of its right to
purchase, of the Target Shares, upon the terms and conditions specified in the
Disposition Notice. The other Stockholders shall exercise such right in the same
manner and subject to the same rights and conditions as the Company, as more
specifically set forth in Section 2.2 above. To the extent that the Stockholders
provide notice of exercise of such right in amounts which aggregate more than
the number of Target Shares the number of Target Shares to be acquired by each
Stockholder providing notice of exercise shall be allocated among the
Stockholders providing notice of exercise based on the number of shares each
such Stockholder has set forth in its notice of exercise.

                  2.4   NON-EXERCISE OF PURCHASE RIGHT.   In the event an
Exercise Notice or Exercise Notices with respect to all of the Target Shares is
not given to the Transferring Stockholder by the Company and/or the other
Stockholders within the period specified herein following the date of the
Company's and the other Stockholders' receipt of the Disposition Notice, then
subject to compliance with the provisions of Section 2 hereof, the Transferring
Stockholder shall have a period of ninety (90) days thereafter in which to sell
those Target Shares which are not acquired pursuant to the Exercise Notes upon
terms and conditions (including the purchase price) no more favorable to the
acquirer than those specified in the Disposition Notice. It shall be a condition
to any such disposition that the acquirer agree to be bound by and comply with
all of the provisions of this Agreement applicable to such Transferring
Stockholder with respect to such Target Shares. In the event the Transferring
Stockholder does not consummate the sale or disposition of the Target Shares
within such ninety (90) day period, the Company's and the other Stockholders'
purchase rights shall continue to be applicable to any subsequent disposition of
the Target Shares by the Transferring Stockholder until such right terminates in
accordance with Section 11.1.

3.       CO-SALE RIGHTS

                  3.1   NOTICE.   In the event a Transferring Stockholder
desires to accept a bona fide offer from a financially capable acquiror for the
sale, transfer or other disposition of any or all of the Shares owned of record
or beneficially by such Transferring Stockholder and having a sales price of
$500,000 or more (the "Sale Shares"), such Transferring Stockholder shall
promptly deliver to the Company and the other Stockholders a written notice of
such intended disposition (a "Sale Notice") setting forth the terms and
conditions thereof, including the number and type of securities to be disposed
of, any conditions to such disposition, the proposed timing of such disposition,
the consideration to be paid for such securities and the identity of the
proposed acquirer.

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Except as otherwise provided herein, a Transferring Stockholder may not sell,
transfer or otherwise dispose of Shares at an aggregate price of $500,000 or
more unless he, she or it delivers to the Company and the Stockholders a
Disposition Notice and complies with the provisions of this Section 3 or unless
the proposed sale, transfer or disposition is exempt under Section 4 hereof from
the co-sale rights granted herein.

                  3.2   GRANT OF CO-SALE RIGHTS.   Each Stockholder (other than
the Transferring Stockholder) shall have the right, exercisable upon written
notice to the Transferring Stockholder within thirty days (30) after receipt of
the Transferring Stockholder's Sale Notice, to participate in such sale of the
Sale Shares on the same terms and conditions as those set forth in the Sale
Notice. To the extent any other Stockholder exercises such right of
participation (a "Participating Stockholder"), the number of shares of Sale
Shares that the Transferring Stockholder may sell in the transaction shall be
correspondingly reduced. The right of participation of each Stockholder shall be
subject to the terms and conditions set forth in this Section 3.2.

                        3.2.1.   Each Participating Stockholder and the
Transferring Stockholder shall be deemed to own the number of shares of Common
Stock that he, she or it actually owns plus the number of shares of Common Stock
that are issuable upon conversion of any of the shares of Preferred Stock and
other convertible securities of the Company or upon the exercise of any
warrants, options or similar rights then owned by such Participating Stockholder
and the Transferring Stockholder at an exercise price as of the date of the sale
which is less than the purchase price specified in the Sale Notice.

                        3.2.2.   Each Participating Stockholder may sell all or
any part of a number of Sale Shares equal to the product obtained by multiplying
(i) the aggregate number of Sale Shares by (ii) a fraction, the numerator of
which is the number of shares of Common Stock of the Company deemed to be owned
by such Participating Stockholder and the denominator of which is the total
number of outstanding shares of Common Stock of the Company deemed to be owned
by the Transferring Stockholder and all Participating Stockholders.

                        3.2.3.   Each Participating Stockholder may effect its
participation in the sale by delivering to the Transferring Stockholder for
transfer to the acquirer one or more certificates, properly endorsed for
transfer, which represent the number of shares that it elects to sell pursuant
to this Section 3.2.

                  3.3   PAYMENT OF PROCEEDS.   The stock certificates that the
Participating Stockholders deliver to the Transferring Stockholder pursuant to
Section 3.2 shall be transferred by the Transferring Stockholder to the acquirer
in consummation of the sale of the Sale Shares pursuant to the terms and
conditions specified in the Sale Notice to the Stockholder, and the Transferring
Stockholder shall promptly thereafter remit to the Participating Stockholders
against delivery of their stock certificates that portion of the sale proceeds
to which such Participating Stockholder is entitled by reason of its
participation in such sale.

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                  3.4   NON-EXERCISE.   The exercise or non-exercise of the
rights of the Participating Stockholders hereunder to participate in one or more
sales of Sale Shares made by the Transferring Stockholder shall not adversely
affect the Participating Stockholders' right to participate in subsequent sales
by the Transferring Stockholder. In the event none of the Stockholders elect to
exercise their co-sale rights hereunder with respect to a disposition or in the
event of a partial exercise, the Transferring Stockholder that sent the Sale
Notice regarding such disposition may consummate such disposition in accordance
with the terms specified in the Sale Notice but only within ninety (90) days
after the expiration of the Stockholders' co-sale rights.

                  3.5   COMPANY REPURCHASE.   The provisions of this Section 3
shall not apply to the sale of any stock to the Company including a sale
pursuant to the exercise by the Company of its purchase right under Section 2
hereof.

                  3.6   PROHIBITED TRANSFERS.   In the event the Transferring
Stockholder should sell any Sale Shares in contravention of the co-sale rights
of any other Stockholder under this Agreement (a "Prohibited Transfer"), such
other Stockholder shall have, without limiting any other rights available to
such other Stockholder, the put option provided in this Section 3.6. In the
event of a Prohibited Transfer, such other Stockholder shall have the option to
sell to the Transferring Stockholder, and the Transferring Stockholder shall
have the obligation to purchase, a number of shares of Common Stock of the
Company (either directly or through delivery of convertible securities) equal to
the number of shares that such other Stockholder would have been entitled to
sell had such Prohibited Transfer been effected in accordance with Section 3.2
hereof, on the following terms and conditions:

                        3.6.1.   The price per share at which the shares are to
be sold to the Transferring Stockholder shall be equal to the price per share
paid to the Transferring Stockholder by the third-party acquiror or acquirer of
the Transferring Stockholder's Stock in the disposition referenced in the Sale
Notice.

                        3.6.2.   The other Stockholder shall deliver to the
Transferring Stockholder, within thirty (30) days after he, she or it has
received notice from the Transferring Stockholder or otherwise become aware of
the Prohibited Transfer, the certificate or certificates representing shares to
be sold, each certificate to be properly endorsed for transfer.

                        3.6.3.   The Transferring Stockholder shall, upon and
against receipt of the certificates for the repurchased shares, pay the
aggregate purchase price therefor, by certified check or bank draft made payable
to the order of such other Stockholder.

4.       EXEMPT TRANSFERS

                  4.1   GENERALLY.   Subject to the further exemptions set forth
in Section 4.2 below, neither the purchase rights of the Company and the
Stockholders set forth in Section 2 hereof nor the co-sale rights of the
Stockholders set forth in Section 3 hereof

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shall apply to (a) any public sale of Common Stock, (b) any transfer to the
ancestors, descendants, siblings, spouse, mother-in-law, father-in-law,
sister-in-law, or brother-in-law, of a Stockholder who is an individual or to
trusts for the benefit of such persons or a Stockholder or (c) distributions or
other transfers to members or Affiliates of a Stockholder; provided that the
transferee in (b) and (c) shall furnish the Stockholders the Company with a
written agreement to be bound by and comply with all provisions of this
Agreement. Such transferred stock shall remain subject to the provisions of this
Agreement, and such transferee shall be treated as a "Stockholder" for the
purposes of this Agreement.

                  4.2   TWSI AND ITS AFFILIATES.   Neither the purchase rights
of the Company and the Stockholders set forth in Section 2 hereof nor the
co-sale rights of the Stockholders set forth in Section 3 hereof shall apply to
(a) any transfer by TWSI to TWS, Inc., (b) any transfer by TWS, Inc. to its
stockholders or (c) except for stockholders of TWS, Inc. which constitute a
Transferring Stockholder, any transfer by stockholders of TWS, Inc. to a third
party; provided that any transferee which constitutes a Transferring Stockholder
shall furnish the Company with a written agreement to be bound by and to comply
with all provisions of this Agreement.

5.       ADDITIONAL TRANSFER RESTRICTIONS

                  5.1   Notwithstanding any provision in this Agreement to the
contrary, no Transfer of any Shares or any other equity securities of the
Company or rights or warrants exercisable, exchangeable or convertible into any
equity securities of the Company may be made: (i) to any third party, if such
third party is engaged, directly or indirectly, in a business that is in
competition with the Business of the Company; (ii) unless the transferor
provides, if required by the Company, evidence and assurances satisfactory to
the Company in its reasonable discretion (which may include an opinion of
counsel and/or appropriate representations and warranties from the transferor
and transferee), that such Transfer is made in compliance with all applicable
securities laws and regulations promulgated thereunder; and (iii) subject to
Section 4.2, unless the transferee executes and delivers a written instrument
acknowledging the receipt of a copy of the provisions and restrictions contained
in this Agreement and agreeing to comply herewith and be bound hereby.

                  5.2   Subject to Section 4.2, any transferee of Shares, other
equity securities of the Company or rights or warrants exercisable, exchangeable
or convertible into equity securities of the Company, by reason of a transfer
hereunder, shall become a party to, be bound by, and have the rights and
obligations under this Agreement, as the same may be amended from time to time,
and when a transferee becomes the owner of any Shares, this Agreement shall be
amended by the Stockholders in any reasonable manner required to continue to
provide the rights and protections contemplated herein in substantially the same
manner in which such rights and protections were provided prior to such
transferee becoming an owner of Shares.

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6.       DRAG ALONG RIGHTS

         6.1   If, at any time, Stockholders holding 50.1% of the outstanding
Shares of the Company (the "Approving Holders") shall approve a proposal for (i)
the sale of capital stock of the Company, (ii) the merger or consolidation of
the Company, or (iii) the sale by the Company or its subsidiaries of all or
substantially all of their assets (each, an "Approved Sale"), then the Approving
Holders (or their designated representative) may deliver a notice (a "Required
Sale Notice") with respect to such Approved Sale to each other Stockholder
stating that such Stockholders have approved or propose to effect the Approved
Sale and providing the identity of the persons involved in such Approved Sale
and the terms thereof. Each such Stockholder, upon receipt of a Required Sale
Notice, shall be obligated, which obligation shall be enforceable by the
Approving Holders, to (i) sell their Shares and participate in the Approved
Sale, (ii) consent to, vote for and raise no objections against the Approved
Sale or the process pursuant to which the Approved Sale was arranged, (iii)
waive any dissenters' or appraisal rights and similar rights with respect
thereto, (iv) if the Approved Sale is structured as a sale of stock, agree to
sell all of their Shares on the terms and conditions approved by the Approving
Stockholders, and (v) otherwise take all necessary action to cause the Company
and the Stockholders to consummate the Approved Sale. Any such Required Sale
Notice may be rescinded by such Approving Holders by delivering written notice
thereof to all of the Stockholders.

         6.2   The Stockholders will take all necessary and desirable actions in
connection with the consummation of any Approved Sale including, if such
Approved Sale is structured as a sale of assets, actions necessary to cause the
orderly liquidation of the Company following the consummation of such Approved
Sale, including, without limitation, the making of the same representations,
warranties, covenants and undertakings (all of which representations,
warranties, covenants and undertakings shall be several and not joint, and shall
apply to each such Stockholder only in his, her or its capacity as Stockholder
of the Company (and shall not apply to the Company itself)) to the prospective
transferee(s) in such Approved Sale as the Approving Holders.

         6.3   The obligations of the Stockholders with respect to the Approved
Sale are subject to the satisfaction of the condition that upon the consummation
of the Approved Sale, the consideration received in the Approved Sale shall be
distributed among all of the holders of capital stock of the Company in the
manner in which such proceeds would be distributed in a complete liquidation of
the Company pursuant to the rights and preferences set forth in the Certificate
of Incorporation of the Company as in effect immediately prior to such Approved
Sale. Consideration received in an Approved Sale shall be deemed to include all
consideration received by any Stockholder in any transaction that is consummated
substantially contemporaneously with such Approved Sale.

7.       ADDITIONAL STOCKHOLDER COVENANTS

         Each Stockholder, for such Stockholder and such Stockholder's heirs,
representatives, successors and assigns, as the case may be, covenants to and
agrees with the Company and the other Stockholders as follows:

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                  7.1   VOTING.   The Stockholder shall vote any and all Shares
over which such Person has voting control to cause the Company and the other
Stockholders to comply with and perform fully each of its and their respective
obligations, commitments, covenants, and agreements contained in this Agreement
and in the Registration Rights Agreement, and shall take any and all action as a
Stockholder available to the Stockholder as a stockholder of the Company as may
be necessary to cause the Company to comply with such obligations, commitments,
covenants and agreements; and

                  7.2   STOCKHOLDER  ACTION.   The  Stockholder  shall not take
any action as a stockholder of the Company that would cause the Company to
breach any of its covenants and agreements in this Agreement or the Registration
Rights Agreement.

                  7.3   CONFIDENTIAL INFORMATION.   The Stockholders shall
insure that, absent prior written consent of the Company in each instance, all
confidential information of the Company, including any information that any of
its respective officers, directors, employees, counsel, agents, investment
bankers, or accountants may furnish or disclose to the Stockholders or which any
Stockholder or his, her or its counsel, agents, investment bankers, or
accountants may now possess or may hereafter obtain, relating to the financial
condition, results of operations, business, properties, assets, liabilities, or
future prospects of the Company, any Affiliate, or any customer or supplier of
the Company or any Affiliate of a customer or supplier, shall not be published,
disclosed, or made accessible by any of them to any other person or entity at
any time or used by any of them except in the business and for the benefit of
the Company; provided, however, that the restrictions of this Section 7.3 shall
not apply (a) as may otherwise be required by law, (b) as may be necessary or
appropriate in connection with the enforcement of this Agreement, or (c) to the
extent such information shall have otherwise become publicly available in a
manner not violative of the restrictions of this Agreement or any other
confidentiality, non-disclosure or other agreement to which such party is a
signatory.

8.       REGISTRATION RIGHTS

                  8.1   REGISTRATION  RIGHTS  STATEMENT.   The Company agrees to
provide the Stockholders with the rights set forth in the Registration Rights
Agreement with respect to certain transfers or disposition of the Shares.

9.       LEGEND REQUIREMENTS

                  9.1   LEGEND.   Each certificate  representing the Shares
owned by the Stockholders shall be endorsed with the following legend:

         "THE SALE OR TRANSFER, VOTING AND CERTAIN OTHER RIGHTS RELATING TO THE
         SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE TERMS AND
         CONDITIONS OF A CERTAIN STOCKHOLDERS AGREEMENT BY AND AMONG THE
         COMPANY AND CERTAIN STOCKHOLDERS OF THE COMPANY. A COPY OF SUCH
         AGREEMENT IS ON FILE AT THE PRINCIPAL OFFICE OF THE COMPANY."

                                       9

<PAGE>

                  9.2    REMOVAL.   The legend set forth in Section 9.1 hereof
shall be removed upon termination of this Agreement in accordance with the
provisions of Section 11.1 or in connection with a public sale of the Shares.

10.      STANDSTILL

                  10.1   The Stockholders agree that, except with the prior
approval of the Board, the Stockholders will not (i) tender their Shares in
connection with, (ii) vote such Shares in favor of, or (iii) transfer their
shares in connection with, any business combination (as defined in Delaware
General Corporation Law Section 203), merger, acquisition, tender offer or other
transaction intended to change control of the Company or acquire or transfer
substantially all of its assets or a material part thereof.

                  10.2   In furtherance of the provisions of Section 10.1, the
Stockholders agree that unless the Board has approved the same, none of the
Stockholders nor their respective Affiliates, representatives, employees or
agents (collectively, "Agents") will directly or indirectly, (i) solicit,
encourage or negotiate any proposal (whether solicited or unsolicited) for, or
execute any agreement relating to, a sale of all or any material part of the
Company or its assets or a sale of any equity or debt security of the Company or
any merger, consolidation, recapitalization or similar transaction involving the
Company with any other party or any other form of business combination (any of
the foregoing is referred to as an "Acquisition Proposal"), or (ii) provide any
information regarding the Company to any third party for the purpose of
soliciting, encouraging or negotiating an Acquisition Proposal without notice to
and acceptance of the Board (it being understood that nothing contained in
clauses (i) and (ii) above shall restrict the Stockholders or any Agent from
providing information as required by legal process).

11.      MISCELLANEOUS PROVISIONS

                  11.1   TERMINATION.  Except as otherwise provided herein, or
in the Registration Rights Agreement, the rights and obligations of a
Stockholder under this Agreement shall terminate upon the earlier of (a) the
closing of an underwritten public offering of shares of Common Stock of the
Company, registered under the Securities Act of 1933, as amended, pursuant to a
registration statement, that results in aggregate gross proceeds to the Company
of at least $20,000,000, or (b) January 1, 2008.

                  11.2   NOTICES.   All notices, requests and other
communications hereunder shall be in writing and shall be deemed to have been
duly given at the time of receipt if delivered by hand or by facsimile
transmission or three (3) business days after being mailed, registered or
certified mail, return receipt requested, with postage prepaid, to the address
or facsimile number (as the case may be) listed below or if any party shall have
designated a different address or facsimile number by notice to the other party
given as provided above, then to the last address or facsimile number so
designated.

                                       10

<PAGE>

                  If to the Company:

                  RAKO Capital Corporation
                  Two North College Avenue
                  Fayetteville, Arkansas 72701
                  Facsimile No.:  501-684-2799
                  Attn:  Lisa Trammell

                  If to a Stockholder:

                  At the address of the Stockholder on the Company's records.

                  11.3   SEVERABILITY.   In the event one or more of the
provisions of this Agreement should, for any reason, be held to be invalid,
illegal or unenforceable in any respect, such invalidity, illegality or
unenforceability shall not affect any other provisions of this Agreement, and
this Agreement shall be construed and interpreted in such manner as to be
effective and valid under applicable law.

                  11.4   WAIVER OR MODIFICATION.   Any waiver, amendment or
modification of this Agreement shall be effective only if evidenced by a written
instrument executed by the Company and each Stockholder that is to be bound by
such waiver, amendment or modification; provided, however, subject to the
limitation below, Stockholders owning 50.1% or more of the outstanding Shares
may amend, modify or terminate this Agreement at any time or from time to time
and such amendment or modification shall be binding upon all of the other
Stockholders upon notice thereof being given to the Stockholders. No amendment
or modification adopted by Stockholders owning 50.1% or more of the outstanding
Shares: (a) shall add new restrictions, or increase any present restrictions, on
sale or transfer of the Shares; (b) shall delete the exemptions provided in
Section 4; (c) shall reduce the registration rights provided in the Registration
Rights Agreement; (d) shall add new voting requirements; or (e) shall waive or
deny any right granted the Stockholders under the Delaware General Corporation
Law, unless each Stockholder to be so affected shall have signed a counterpart
copy of any such amendment.

                  11.5   GOVERNING LAW.   This Agreement shall be governed by
and construed in accordance with the laws of the State of Nevada without regard
to the principles of conflicts of laws thereof; provided, however, that if at
some future time the Company shall reincorporate in the State of Delaware, then
the governing law shall be that of the State of Delaware upon the effectiveness
of any such reincorporation.

                  11.6   ATTORNEYS' FEES.   In the event of any dispute
involving the terms hereof, the prevailing parties shall be entitled to collect
legal fees and expenses from the other party to the dispute.

                  11.7   FURTHER ASSURANCES.   Each party agrees to act in
accordance herewith and not to take any action that is designed to avoid the
intention hereof.

                  11.8   SUCCESSORS AND ASSIGNS.   This Agreement and the rights
and obligations of the parties hereunder shall inure to the benefit of, and be
binding upon, their respective successors, assigns and legal representatives,
provided however that each assignee agrees in writing to be bound by this
Agreement as though a party thereto and such assignment is not in violation of
the assignor's obligations under Sections 2 or 3.

                                       11

<PAGE>

                  11.9   AGGREGATION OF STOCK.   For purposes of determining the
availability of any rights under this Agreement, the number of shares of Common
Stock or other securities of the Company deemed to be owned by a Stockholder or
other person shall include all such shares or other securities owned by such
Stockholder or other person, such Stockholder's (or other person's) Affiliates
and their respective partners, members or shareholders, and any other person or
entity that acquires any such shares or other securities from any of the
foregoing by gift, will or intestate succession.

                  11.10  ENTIRE AGREEMENT.   This Agreement sets forth the
entire understanding of the parties with respect to the subject matter hereof
and supersedes all existing agreements among them concerning such subject
matter.

                  11.11  COUNTERPARTS.   This Agreement may be executed in any
number of counterparts, each of which shall be an original, but all of which
together shall constitute one instrument.

                            [SIGNATURES ON NEXT PAGE]

                                       12

<PAGE>

                  IN WITNESS WHEREOF, the parties have executed this
Stockholders Agreement as of February 7, 2003 with respect to the Company and
the Stockholder signing on that date and as of the date next to the
Stockholder's signature, whichever is the later.

                                        COMPANY:

                                        RAKO CAPITAL CORPORATION

                                        By:  /s/ Gary Fuchs
                                          ------------------------------
                                        Name:  Gary Fuchs
                                        Title: President and CEO

                                        STOCKHOLDER:

                                        TWS INTERNATIONAL, INC.

                                        By:  /s/ Luis Delahoz
                                           -----------------------------
                                        Name:  Luis Delahoz
                                        Title: CEO

                                       13

<PAGE>

                                   SCHEDULE A

               STOCKHOLDER PARTIES TO STOCKHOLDERS AGREEMENT WITH
                            RAKO CAPITAL CORPORATION

                                            NUMBER OF
NAME AND ADDRESS                            SHARES
----------------                            ---------
TWS International, Inc.                     4,416,924
6120 Windward Parkway
Suite 200
Atlanta, GA  30005
Attention:  Luis Delahoz

                                       14

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