Document:

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                                                                   EXHIBIT 10.17

                                HypoVereinsbank

                                              Business Clients Branch Ingolstadt
TEMIC Telefunken                              Am Stein 10
Hochfrequenztechnik GmbH                      Mailing Address:
Mr. Rainer Kempf                              Postfach 210264
Kriegsstrasse 1                               85049 Ingolstadt
85098 GroBmehring                             Telefax (0841) 3103-333

Point of Contact                              Telephone             Date
Gerhard Schreiner/sh                          (0841) 3103-302       9 Sept. 1999

Granting of a General Line of Credit

Dear Mr. Kempf,

We are pleased to again grant you a line of credit.

Amount:                                     DM 5,000,000.00
                                            (in words: DM five million)
                                            to be used either as:

                                            1. Current account credit on
                                               account no. 4473213

                                            2. Euroloan on several accounts

Intended Use:                               The loan is for commercial purposes.

Duration:                                   Until 31 August 2000

Terms:                                      Ref. 1.: 6.50% p.a. on the amount
                                            utilised within the scope of the
                                            line of credit.

                                            This interest rate shall be valid
                                            until further notice. The bank has
                                            the right to increase the interest
                                            rate when the cost of refinancing on
                                            the money market has increased. In
                                            the event of a decrease of the cost
                                            of refinancing, the bank will also
                                            decrease the interest rate.
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                           Accounts shall be balanced at the end of each
                           quarter.

                           Ref. 2.: We request you co-ordinate the amount and
                           the interest rate of the individual Euroloan tranches
                           from time to time.

Collateral:                This current account credit is provided to you
                           without the provision of collateral. However, rights
                           to collateral which exist or arise according to the
                           General Terms and Conditions remain unaffected.

Equal Treatment Clause:    Other banks providing loans shall not be put in a
                           better position than us regarding collateral (for
                           similar loans) and information and this agreement
                           with the other banks is also in writing. We have the
                           right at all times to inspect the loan
                           agreements/contracts of the other banks.

Additional Agreement:      As agreed upon with you, you will take us into
                           consideration in a reasonable manner in the
                           allocation of business.

Insofar as you want to borrow Euro funds against your line of credit, we
herewith confirm to you, also on behalf of the HypoVereinsbank Luxembourg
Societe Anonyme, our willingness to extend this loan to you.  This extending of
Euroloans is given under the reservation of the respective funds being available
on the Euromarket and in the event of this transaction being passed to our
subsidiary in Luxembourg, in accordance with the enclosed "Terms and Conditions
for Euroloans of the HypoVereinsbank Luxembourg Societe Anonyme".

According to the provisions of bank supervisory rules (Section 18  German
Banking Act (Kreditwesengesetz)), in the event of the extending of loans - prior
to the loan being extended as well as during the total duration of the loan
relationship - banks must examine the economic situation of the borrower, in
particular by inspection of annual accounts.

Upon acceptance of this loan agreement, you therefore obligate yourself to send
us your duly signed annual accounts on a regular basis. The Federal Supervisory
Agency for Banking has determined a deadline of nine months after the effective
date of the balance sheet for the submission of annual accounts or, if these are
not completed, for the submission of equivalent documents.

Additionally, our General Terms and Conditions are applicable which are
available for examination in each branch office and which can be made available
to you at any time upon request.
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As an indication of your agreement, please sign the enclosed copy of this letter
and return it to us.

This loan commitment replaces the commitment of 3 September 1998.

Information in accordance with Section 8 Money Laundering Act
(Geldwaschegesetz):

 .  I am /we are acting on my/our own account.

 .  I am /we are acting on the account of a third party.  Name and address of the
   person/company for which the loan has been taken out:

--------------------------------------------------------------------------------

Please mark the applicable option.  Any change shall be notified to us in
writing without delay.

We look forward to future pleasant business relations.

Sincerely yours,
Bayerische Hypo- und Vereinsbank
Aktiengesellschaft

[signature]           [signagure]
Gerhard Schreiner     Stefan Trofer

                                                  TEMIC TELEFUNKEN
                                                  Hochfrequenztechnik GmbH
                                                  Kriegstrasse 1
                                                  D-85098 GroBmehring
                                                  [signature]
                                                   ---------
                                                  TEMIC Telefunken
                                                  Hochfrequenztechnik GmbH

Place, Date
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                       Terms and Conditions for Euroloans

               of the HypoVereinsbank Luxembourg Societe Anonyme

The following terms and conditions apply to Euroloans of the HypoVereinsbank
Luxembourg Societe Anonyme (hereinafter referred to as "HypoVereinsbank
Luxembourg":

1.   Upon becoming due for payment, capital and interest shall be remitted,
     without any deductions, to the account of HypoVereinsbank Luxembourg at the
     Bayerischen Hypo- und Vereinsbank Aktiengesellschaft (hereinafter "Bank")
     (stated in the Euroloan confirmation letter of the HypoVereinsbank
     Luxembourg).  Interest shall be calculated according to the number of
     calendar days divided by 360.

2.   The HypoVereinsbank Luxembourg has been empowered by you to give the Bank
     instructions on your behalf upon maturity of the loan to remit to the
     HypoVereinsbank Luxembourg the amount required to cover the loan and the
     interest.  In this case, the HypoVereinsbank Luxembourg reserves the right
     to assign the loan claim against you, including any collateral directly
     provided for it, to the Bank.

3.   The HypoVereinsbank Luxembourg is herewith expressly empowered to obtain
     all information relating to you from the Bank which it considers to be
     necessary in connection with the loan.  Equally, it is herewith expressly
     empowered to give such information to the Bank.

4.   Should taxes, charges or other burdens (e.g., due to the implementation of
     a minimum reserve obligation, amendment to domestic or foreign currency
     provisions, etc.) be levied on the HypoVereinsbank Luxembourg in connection
     with the loan, and/or should such be increased, these shall be assumed by
     you in the full amount

5.   Land charges which you have taken out in favour of the Bank or which you
     have assigned or will assign to the Bank as well as objects and assigned
     claims which have been transferred to the Bank as collateral shall also
     serve to secure the respective claims of the HypoVereinsbank Luxembourg
     from the business relationship with you, in particular from the granting of
     loans.  The agreements on collateral concluded between you and the Bank
     shall be respectively applicable to the legal relationship between you and
     the HypoVereinsbank Luxembourg.

     All property, claims and other rights, to which the Bank has an entitlement
     to a lien based on its claims against you, shall serve as a lien against
     you for the claims of the HypoVereinsbank Luxembourg defined in the
     paragraph above. Insofar as the
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     lien of the HypoVereinsbank Luxembourg concerns moveable property, you
     shall herewith assign your present and future contractual claims for
     repossession against the Bank to the HypoVereinsbank Luxembourg.

     The HypoVereinsbank Luxembourg will obtain the approval of the Bank, as
     assignee, and your consent to concurrently hold the loan collateral in
     trust for the HypoVereinsbank Luxembourg.

6.   The HypoVereinsbank Luxembourg has the right to call in the loan with
     immediate effect for an important reason which makes a continuation of the
     loan unreasonable for the HypoVereinsbank Luxembourg, also after your
     justified concerns have been reasonably taken into account. In particular,
     such reason exists when you have made incorrect statements regarding your
     financial situation or if a substantial decrease of your assets or a
     substantial threat to your assets occurs, in particular, if enforcement
     (e.g., sale by public auction or judicially enforced receivership) in an
     encumbered piece of land is ordered, or if you cease payments, or if
     bankruptcy or settlement or similar proceedings are commenced against your
     assets.

7.   For borrowers with business seat or domicile in the Federal Republic of
     Germany:  German law shall apply for all legal relationships between you
     and the HypoVereinsbank Luxembourg.

     For borrowers with business seat or domicile outside the Federal Republic
     of Germany:  The laws of Luxembourg shall apply for all legal relationships
     between you and the HypoVereinsbank Luxembourg, place of jurisdiction for
     any disputes shall be Luxembourg or the responsible court at your business
     seat/domicile, according to the election of the HypoVereinsbank Luxembourg.

Terms and Conditions for Euroloans of the HypoVereinsbank Luxembourg S.A.
/Version 11/98Exhibit 4.6

THESE  SECURITIES HAVE NOT BEEN REGISTERED  UNDER THE SECURITIES ACT OF 1933, AS
AMENDED, OR QUALIFIED UNDER APPLICABLE STATE SECURITIES LAWS AND HAVE BEEN TAKEN
FOR  INVESTMENT  PURPOSES  ONLY AND NOT WITH A VIEW TO OR FOR SALE IN CONNECTION
WITH ANY  DISTRIBUTION  THEREOF.  THESE  SECURITIES MAY NOT BE SOLD OR OTHERWISE
TRANSFERRED UNLESS A REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS
AMENDED,  IS IN EFFECT  WITH  RESPECT  TO SUCH  SECURITIES  OR THE  COMPANY  HAS
RECEIVED AN OPINION IN FORM AND SUBSTANCE  SATISFACTORY TO THE COMPANY PROVIDING
THAT AN EXEMPTION FROM THE  REGISTRATION  REQUIREMENTS  OF THE SECURITIES ACT OF
1933, AS AMENDED, IS AVAILABLE.

                            ALTAIR INTERNATIONAL INC.

                                            COMMON SHARE PURCHASE WARRANT

83,333 Series M Warrants                             Warrant Certificate No. M-1

                  Void after 5:00 p.m., Mountain Standard Time
            on March 3, 2004 or on such earlier date specified herein

                            ALTAIR INTERNATIONAL INC.
                    (Incorporated under the laws of Ontario)

This Series M_ Warrant Certificate  ("Warrant  Certificate") is to certify that,
for  value  received,  Toyota On  Western,  Inc.,  or  registered  assigns  (the
"Holder")  shall  have the right to  purchase  from  Altair  International  Inc.
(hereinafter called the "Corporation") one fully paid and non-assessable  Common
Share  of  the  Corporation  (a  "Common  Share")  for  each  Series  M  Warrant
(individually,  a "Warrant") represented by this Warrant Certificate at any time
up to 5:00 p.m.  (Mountain  Standard  time) on the earlier of (i) March 3, 2004,
and  (ii)  the  date  thirty  days  following  the  fifth  day  (whether  or not
consecutive)  the  closing  price of the Common  Shares on the  Nasdaq  National
Market equals or exceeds U.S. $10.00 (the "Expiry Time"). The exercise price for
the  purchase  of each such  Common  Share  shall be U.S.  $8.00 per share  (the
"Exercise Price").  The number of Common Shares to be received upon the exercise
of each  Warrant and the  Exercise  Price may be  adjusted  from time to time as
hereinafter set forth.

The Warrants shall be subject to the following terms and conditions:

1.       For the purposes of this Warrant, the term "Common Shares" means common
         shares without  nominal or par value in the capital of the  Corporation
         as  constituted  on the date  hereof;  provided  that in the event of a
         change,   subdivision,    redivision,    reduction,    combination   or
         consolidation  thereof or any other  adjustment under clause 10 hereof,
         or successive  such  changes,  subdivisions,  redivisions,  reductions,
         combinations,  consolidations or other adjustments, then subject to the
         adjustments, if any, having been made in accordance with the provisions
         of this Warrant Certificate,  "Common Shares" shall thereafter mean the
         shares,  other securities or other property resulting from such change,
         subdivision,  redivision,  reduction,  combination or  consolidation or
         other adjustment.

                                       1
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2.       This  Warrant  Certificate  shall  be  signed  by  an  officer  of  the
         Corporation  holding office at the time of signing, or any successor or
         replacement person and notwithstanding any change in any of the persons
         holding  said  offices  between  the  time of  actual  signing  and the
         delivery  of the  Warrant  Certificate  and  notwithstanding  that such
         officer signing may not have held office at the date of the delivery of
         the Warrant  Certificate,  the Warrant  Certificate  so signed shall be
         valid and binding upon the Corporation.

3.       All rights  under any of the  Warrants in respect of which the right of
         subscription  and purchase  therein  provided for shall not theretofore
         have been exercised  shall wholly cease and determine and such Warrants
         shall be wholly void and of no valid or binding effect after the Expiry
         Time.

4.       The right to purchase  Common Shares  pursuant to the Warrants may only
         be exercised by the Holder at or before the Expiry Time by:

         (a)      duly completing and executing a Subscription  Form in the form
                  attached hereto, in the manner therein indicated; and

         (b)      surrendering  this Warrant  Certificate and the duly completed
                  and  executed  Subscription  Form  to the  Corporation  at the
                  address  specified in clause 22 below together with payment of
                  the purchase price for the Common Shares subscribed for in the
                  form of cash or a certified  cheque payable to the Corporation
                  in an  amount  equal to the  then  applicable  Exercise  Price
                  multiplied by the number of Common Shares subscribed for.

5.       Upon receipt of the Subscription  Form, this Warrant  Certificate,  and
         payment as aforesaid,  the Corporation  shall cause to be issued to the
         Holder  the number of Common  Shares to be issued and the Holder  shall
         become a  shareholder  of the  Corporation  in respect  of such  Common
         Shares,  effective as of the date of receipt by the Corporation of such
         Subscription  Form,  Warrant  Certificate,  and  payment  and  shall be
         entitled to delivery of a certificate or  certificates  evidencing such
         shares. The Corporation shall cause such certificate or certificates to
         be mailed to the Holder at the address or  addresses  specified in such
         Subscription  Form within ten (10)  business  days of such  receipt and
         payment as herein provided or, if so instructed by the Holder, held for
         pick-up  by the Holder at the  principal  office of the  registrar  and
         transfer agent of the Common Shares, Equity Transfer Services Inc. (the
         "Transfer Agent").

6.       No fractional shares or stock  representing  fractional shares shall be
         issued upon the  exercise  of any  Warrant.  In lieu of any  fractional
         shares which would otherwise be issuable,  the Corporation shall either
         pay cash equal to the product of such  fraction  multiplied by the fair
         market value of one share of Common  Stock on the date of exercise,  as
         determined in good faith by the  Corporation's  Board of Directors,  or
         issue  the  next  largest   whole  number  of  Common   Shares  at  the
         Corporation's option.

7.       The Warrants may not be exercised  unless at the time of exercise (i) a
         registration statement registering the Common Shares issuable upon such
         exercise is effective under the Securities Act of 1933, as amended (the
         "1933 Act"),  or the  transaction in which such shares are to be issued
         is exempted from the  application of the  registration  requirements of
         the 1933 Act, and (ii) the Common Shares  issuable upon exercise of the

                                       2
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Warrants  have been  registered  or  qualified  under any  applicable  Canadian,
provincial,   state  securities  laws  or  an  exemption  from  registration  or
qualification  is available  under such laws.  The Common  Shares  issuable upon
exercise of this Warrant are and will be "restricted  securities" under the 1933
Act inasmuch as they are being  acquired from the  Corporation  in a transaction
not involving a public  offering,  and that,  under the 1933 Act and  applicable
regulations thereunder, such securities may be resold without registration under
the  1933 Act  only in  certain  limited  circumstances.  Unless a  registration
statement registering the Common Shares issuable upon exercise of any Warrant is
effective  under the 1933 Act at the time such  Common  Shares are  issued,  the
certificates  evidencing  such  Common  Shares  shall  bear the legend set forth
below,  together with any other legends  required by the laws of the Province of
Ontario and any other state or province with jurisdiction:

         THESE  SECURITIES HAVE NOT BEEN REGISTERED  UNDER THE SECURITIES ACT OF
         1933, AS AMENDED,  OR QUALIFIED UNDER  APPLICABLE STATE SECURITIES LAWS
         AND HAVE BEEN TAKEN FOR INVESTMENT PURPOSES ONLY AND NOT WITH A VIEW TO
         OR  FOR  SALE  IN  CONNECTION  WITH  ANY  DISTRIBUTION  THEREOF.  THESE
         SECURITIES  MAY  NOT  BE  SOLD  OR  OTHERWISE   TRANSFERRED   UNLESS  A
         REGISTRATION  STAEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED, IS
         IN EFFECT WITH RESPECT TO SUCH  SECURITIES  OR THE COMPANY HAS RECEIVED
         AN OPINION IN FORM AND SUBSTANCE  SATISFACTORY TO THE COMPANY PROVIDING
         THAT AN EXEMPTION FROM THE REGISTRATION  REQUIREMENTS OF THE SECURITIES
         ACT OF 1933, AS AMENDED, IS AVAILABLE.

The  legend  set  forth  above  shall be  removed  by the  Corporation  from any
certificate  evidencing the Common Shares issuable upon exercise of the Warrants
only (i) upon  receipt by the  Corporation  of an opinion in form and  substance
satisfactory to the Corporation that such legend may be removed pursuant to Rule
144 promulgated  under the 1933 Act, (ii) upon  confirmation that a registration
statement  under  the 1933 Act is at that time in effect  with  respect  to such
Common  Shares and that such  transfer  will not  jeopardize  the  exemption  or
exemptions from registration pursuant to which the respective Common Shares were
issued.

8.       The holding of a Warrant shall not  constitute the Holder a shareholder
         of the  Corporation nor entitle him to any right or interest in respect
         thereof except as herein expressly provided.

9.       The Corporation  covenants and agrees that until the Expiry Time, while
         any of the Warrants  shall be  outstanding,  it shall reserve and there
         shall remain unissued out of its authorized capital a sufficient number
         of Common Shares to satisfy the right of purchase herein  provided,  as
         such right of purchase  may be  adjusted  pursuant to clauses 10 and 11
         hereof.  All Common  Shares  which shall be issued upon the exercise of
         the right to purchase herein provided for, upon payment therefor of the
         amount  at  which  such  Common  Shares  may at the  time be  purchased
         pursuant to the  provisions  hereof,  shall be issued as fully paid and
         non-assessable  shares and the holders  thereof  shall not be liable to
         the Corporation or its creditors in respect thereof.

10.      (a)      If and whenever at any time after the date hereof and prior to
                  the Expiry Time the Corporation shall (i) subdivide,  redivide
                  or change its then  outstanding  Common  Shares into a greater
                  number of Common Shares,  (ii) reduce,  combine or consolidate
                  its then  outstanding  Common  Shares into a lesser  number of

                                       3
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                  Common  Shares or (iii)  issue  Common  Shares (or  securities
                  exchangeable  for or  convertible  into Common  Shares) to the
                  holders of all or  substantially  all of its then  outstanding
                  Common Shares by way of a stock dividend or other distribution
                  (any  of  such   events   herein   called  a   "Common   Share
                  Reorganization"),  then the  Exercise  Price shall be adjusted
                  effective  immediately  after the  effective  date of any such
                  event in (i) or (ii)  above or the  record  date at which  the
                  holders of Common Shares are determined for the purpose of any
                  such dividend or  distribution in (iii) above, as the case may
                  be,  by  multiplying  the  Exercise  Price in  effect  on such
                  effective  date or  record  date,  as the  case  may be,  by a
                  fraction, the numerator of which shall be the number of Common
                  Shares  outstanding  on such effective date or record date, as
                  the case may be,  before  giving  effect to such Common  Share
                  Reorganization  and the  denominator  of  which  shall  be the
                  number of Common Shares  outstanding  immediately after giving
                  effect to such Common Share Reorganization  including,  in the
                  case where  securities  exchangeable  for or convertible  into
                  Common  Shares are  distributed,  the number of Common  Shares
                  that would be  outstanding if such  securities  were exchanged
                  for or converted into Common Shares.

         (b)      If and whenever at any time after the date hereof and prior to
                  the Expiry Time, the Corporation shall distribute any class of
                  shares or rights,  options  or  warrants  or other  securities
                  (other  than  those   referred  to  in  clause  10(a)  above),
                  evidences  of   indebtedness   or  property   (excluding  cash
                  dividends  paid in the  ordinary  course) to holders of all or
                  substantially all of its then outstanding  Common Shares,  the
                  number of Common Shares to be issued by the Corporation  under
                  this  Warrant  shall,  at the time of exercise of the right of
                  subscription and purchase under this Warrant  Certificate,  be
                  appropriately  adjusted and the Holder shall receive,  in lieu
                  of the  number of the  Common  Shares in  respect of which the
                  right to  purchase  is then  being  exercised,  the  aggregate
                  number of Common  Shares or other  securities or property that
                  the Holder would have been  entitled to receive as a result of
                  such  event,  if, on the record date  thereof,  the Holder had
                  been the  registered  holder of the number of Common Shares to
                  which the Holder was theretofore entitled upon the exercise of
                  the rights of the Holder hereunder.

         (c)      If and whenever at any time after the date hereof and prior to
                  the  Expiry  Time  there is a  capital  reorganization  of the
                  Corporation  or a  reclassification  or  other  change  in the
                  Common Shares (other than a Common Share  Reorganization) or a
                  consolidation  or merger or  amalgamation  of the  Corporation
                  with or into any other corporation or other entity (other than
                  a consolidation,  merger or amalgamation which does not result
                  in any  reclassification of the outstanding Common Shares or a
                  change of the  Common  Shares  into  other  securities),  or a
                  transfer  of all  or  substantially  all of the  Corporation's
                  assets to  another  corporation  or other  entity in which the
                  holders of Common Shares are entitled to receive shares, other
                  securities or other  property (any of such events being called
                  a  "Capital  Reorganization"),  the  Holder,  where he has not
                  exercised the right of  subscription  and purchase  under this
                  Warrant  Certificate  prior  to the  effective  date  of  such
                  Capital Reorganization, shall be entitled to receive and shall
                  accept,  upon the exercise of such right,  on such date or any
                  time thereafter,  for the same aggregate consideration in lieu
                  of the  number  of Common  shares to which he was  theretofore
                  entitled to subscribe for and purchase,  the aggregate  number
                  of shares or other  securities  or  property  which the Holder
                  would  have  been  entitled  to  receive  as a result  of such
                  Capital  Reorganization if, on the effective date thereof,  he
                  had been the registered  holder of the number of Common Shares
                  to which he was  theretofore  entitled  to  subscribe  for and
                  purchase.

                                       4
<PAGE>

         (d)      If and whenever at any time after the date hereof and prior to
                  the Expiry  Time,  any of the events set out in clause  10(a),
                  (b) or (c)  shall  occur  and the  occurrence  of  such  event
                  results in an adjustment of the Exercise Price pursuant to the
                  provisions of this clause 10, then the number of Common Shares
                  purchaseable  pursuant  to  this  Warrant  shall  be  adjusted
                  contemporaneously with the adjustment of the Exercise Price by
                  multiplying   the  number  of  Common  Shares  then  otherwise
                  purchaseable  on  the  exercise  thereof  by a  fraction,  the
                  numerator  of which  shall  be the  Exercise  Price in  effect
                  immediately  prior to the  adjustment  and the  denominator of
                  which  shall  be  the  Exercise  Price   resulting  from  such
                  adjustment.

         (e)      If the  Corporation  takes any  action  affecting  its  Common
                  Shares to which the foregoing provisions of this clause 10, in
                  the  opinion  of the board of  directors  of the  Corporation,
                  acting  in good  faith,  are not  strictly  applicable,  or if
                  strictly  applicable would not fairly adjust the rights of the
                  Holder  against  dilution  in  accordance  with the intent and
                  purposes  hereof,  or would  otherwise  materially  affect the
                  rights  of the  Holder  hereunder,  then the  Corporation  may
                  execute  and  deliver  to  the  Holder  an  amendment   hereto
                  providing  for  an  adjustment  in  the  application  of  such
                  provisions  so as to adjust such rights as  aforesaid  in such
                  manner  as the  board  of  directors  of the  Corporation  may
                  determine to be equitable in the circumstances, acting in good
                  faith.  The  failure  of the  taking of action by the board of
                  directors of the  Corporation to so provide for any adjustment
                  on or prior to the effective  date of any action or occurrence
                  giving rise to such state of facts will be conclusive evidence
                  that  the  board  of  directors  has  determined  that  it  is
                  equitable to make no adjustment in the circumstances.

11.      The  following  rules  and  procedures   shall  be  applicable  to  the
         adjustments made pursuant to clause 10:

         (a)      any Common  Shares  owned or held by or for the account of the
                  Corporation shall be deemed not be to outstanding except that,
                  for the  purposes of clause 10, any Common  Shares  owned by a
                  pension  plan or  profit  sharing  plan for  employees  of the
                  Corporation or any of its subsidiaries shall not be considered
                  to be owned or held by or for the account of the Corporation;

         (b)      no adjustment in the Exercise Price shall be required unless a
                  change of at least 1% of the  prevailing  Exercise Price would
                  result,  provided,  however, that any adjustment which, except
                  for the provisions of this clause 11(b),  would otherwise have
                  been required to be made,  shall be carried  forward and taken
                  into account in any subsequent adjustment;

         (c)      the  adjustments  provided for in clause 10 are cumulative and
                  shall  apply  to  successive   subdivisions,   consolidations,
                  dividends,  distributions  and other  events  resulting in any
                  adjustment under the provisions of such clause;

         (d)      in the absence of a  resolution  of the board of  directors of
                  the  Corporation  fixing a record  date  for any  dividend  or
                  distribution  referred  to in  clause  10(a)(iii)  above,  the
                  Corporation  shall be deemed to have fixed as the record  date
                  therefor the date on which such  dividend or  distribution  is
                  effected;

         (e)      if the  Corporation  sets a record date to take any action and
                  thereafter  and before the taking of such action  abandons its
                  plan to take such action,  then no  adjustment to the Exercise
                  Price will be required by reason of the setting of such record
                  date;

                                       5
<PAGE>

         (f)      forthwith  after any  adjustment to the Exercise  Price or the
                  number of Common Shares purchaseable pursuant to the Warrants,
                  the  Corporation  shall provide to the Holder a certificate of
                  an officer of the  Corporation  certifying as to the amount of
                  such  adjustment  and, in reasonable  detail,  describing  the
                  event  requiring  and the manner of computing  or  determining
                  such adjustment; and

         (g)      any question that at any time or from time to time arises with
                  respect to the amount of any  adjustment to the Exercise Price
                  or  other   adjustment   pursuant   to   clause  10  shall  be
                  conclusively  determined  by a firm of  independent  chartered
                  accountants (who may be the Corporation's  auditors)  selected
                  by the  board of  directors  of the  Corporation  and shall be
                  binding upon the Corporation and the Holder.

12.      At least 10 days  prior to the latter of the  effective  date or record
         date,  as  applicable,  of any  event  referred  to in clause  10,  the
         Corporation  shall notify the Holder of the  particulars  of such event
         and  the  estimated  amount  of any  adjustment  required  as a  result
         thereof.

13.      On the happening of each and every such event set out in clause 10, the
         applicable  provisions of this Warrant,  including the Exercise  Price,
         shall,  ipso  facto,  be  deemed  to be  amended  accordingly  and  the
         Corporation  shall take all necessary  action so as to comply with such
         provisions as so amended.

14.      The  Corporation  shall not be  required  to deliver  certificates  for
         Common Shares while the share  transfer  books of the  Corporation  are
         properly  closed,  having regard to the provisions of clauses 10 and 11
         hereof,  prior to any  meeting of  shareholders  or for the  payment of
         dividends or for any other purpose and in the event of the surrender of
         any Warrant in accordance with the provisions  hereof and the making of
         any  subscription  and payment for the Common Shares called for thereby
         during any such period delivery of  certificates  for Common Shares may
         be  postponed  for not more  than  five (5) days  after the date of the
         re-opening of said share transfer books.  Provided,  however,  that any
         such  postponement  of  delivery  of  certificates   shall  be  without
         prejudice  to the  right of the  Holder  so  surrendering  the same and
         making  payment  during such period to receive after the share transfer
         books shall have been re-opened such certificates for the Common Shares
         called for,  as the same may be adjusted  pursuant to clauses 10 and 11
         hereof as a result of the  completion  of the event in respect of which
         the transfer books were closed.

15.      Subject as  hereinafter  provided,  all or any of the rights  conferred
upon the Holder by the terms hereof may be enforced by the Holder by appropriate
legal  proceedings.  No  recourse  under or upon  any  obligation,  covenant  or
agreement  contained  herein shall be had against any  shareholder or officer of
the Corporation  either directly or through the Corporation,  it being expressly
agreed and declared that the obligations under the Warrants are solely corporate
obligations  and that no  personal  liability  whatever  shall  attach  to or be
incurred by the  shareholders  or officers of the  Corporation or any of them in
respect thereof,  any and all rights and claims against every such  shareholder,
officer or director  being  hereby  expressly  waived as a condition of and as a
consideration for the issue of the Warrants.

                                       6
<PAGE>

16.      (a) The Warrants may not be assigned or transferred  except as provided
herein and in accordance  with and subject to the provisions of the 1933 Act and
the Rules and  Regulations  promulgated  thereunder  and any  applicable  state,
Canadian,  and  provincial  securities  laws.  Assignment  of a Warrant  will be
permitted  only (i) upon  receipt by the  Corporation  of an opinion in form and
substance  satisfactory to the  Corporation  that the Warrant may be transferred
pursuant to Rule 144 promulgated  under the 1933 Act, or (ii) upon  confirmation
that a registration  statement under the 1933 Act is at that time in effect with
respect to the Warrant and that such transfer will not  jeopardize the exemption
or exemptions from  registration  pursuant to which the Warrant was issued.  Any
purported transfer or assignment made other than in accordance with this Section
16 shall be null and void and of no force and effect.

         (b) Any assignment  permitted  hereunder  shall be made by surrender of
this Warrant  Certificate to the  Corporation  at its principal  office with the
Assignment  Form annexed  hereto duly  executed and funds  sufficient to pay any
transfer tax. In such event, the Corporation shall, without charge,  execute and
deliver a new  Warrant  Certificate  in the name of the  assignee  named in such
Assignment Form, and the Warrants  represented by this Warrant Certificate shall
promptly be cancelled.  This Warrant Certificate may be divided or combined with
other  Warrants  which carry the same rights  upon  presentation  thereof at the
principal office of the Corporation together with a written notice signed by the
Holder thereof, specifying the names and denominations in which new Warrants are
to be issued.  The terms  "Warrant" and  "Warrants"  as used herein  include any
Warrants in substitution  for or replacement of this Warrant,  or into which the
Warrant represented by this Warrant Certificate may be divided or exchanged.

17.      The Holder may  subscribe  for and purchase any lesser number of Common
Shares than the number of shares expressed in this Warrant  Certificate.  In the
case of any  subscription for a lesser number of Common Shares than expressed in
this or any successor  Warrant  Certificate or a transfer of any of the Warrants
pursuant to clause 16, the Holder shall be entitled to receive at no cost to the
Holder a new Warrant  Certificate in respect of the balance of Warrants not then
exercised or transferred.  Any new Warrant Certificate(s) shall be mailed to the
Holder or assignee by the Corporation or, at its direction,  the Transfer Agent,
within five (5) business  days of receipt by the  Corporation  of all  materials
required by clauses 5 or 16, as applicable.

18.      Each Holder of this Warrant,  the Warrant  Shares or any other security
         issued or issuable upon  exercise of this Warrant  shall  indemnify and
         hold harmless the  Corporation,  its  directors and officers,  and each
         person,  if any,  who  controls  the  Corporation,  against any losses,
         claims,  damages  or  liabilities,  joint  or  several,  to  which  the
         Corporation or any such director, officer or any such person may become
         subject  under the 1933 Act or statute or common  law,  insofar as such
         losses, claims, damages or liabilities,  or actions in respect thereof,
         arise out of or are based upon the  disposition  by such  Holder of the
         Warrant the Common Shares issuable upon the exercise of this Warrant in
         violation of the terms of this Warrant Certificate.

19.      If  any  Warrant  Certificate  becomes  stolen,   lost,   mutilated  or
         destroyed,  the  Corporation  shall,  on  such  terms  as it may in its
         discretion  acting  reasonably  impose,  issue  and sign a new  Warrant
         Certificate  of  like  denomination,  tenor  and  date  as the  Warrant
         Certificate so stolen, lost, mutilated or destroyed for delivery to the
         Holder.

20.      The  Corporation  and  the  Transfer  Agent  may  deem  and  treat  the
         registered  holder of any Warrant  Certificate as the absolute owner of
         the Warrants represented thereby for all purposes,  and the Corporation
         and neither the Corporation nor the Transfer Agent shall be affected by
         any notice or knowledge to the contrary except where the Corporation or
         the Transfer Agent is required to take notice by statute or by order of

                                       7
<PAGE>

         a court of  competent  jurisdiction.  A Holder shall be entitled to the
         rights evidenced by such Warrant  Certificate free from all equities or
         rights of set-off  or  counterclaim  between  the  Corporation  and the
         original  or any  intermediate  holder  thereof and all persons may act
         accordingly  and the  receipt by any such  Holder of the Common  Shares
         purchaseable  pursuant to such Warrant shall be a good discharge to the
         Corporation  and the  Transfer  Agent  for the  same  and  neither  the
         Corporation  nor the Transfer  Agent shall be bound to inquire into the
         title of any such Holder except where the  Corporation  or the Transfer
         Agent is  required  to take notice by statute or by order of a court of
         competent jurisdiction.

21.      The  Holders of  Warrants  shall have the power from time to time by an
         extraordinary resolution (as hereinafter defined):

         (a)      to  sanction  any  modification,   abrogation,  alteration  or
                  compromise  of the rights of the Holders of  Warrants  against
                  the Corporation  which shall be agreed to by the  Corporation;
                  and/or

         (b)      to assent to any modification of or change in or omission from
                  the provisions contained herein or in any instrument ancillary
                  or  supplemental  hereto  which  shall  be  agreed  to by  the
                  Corporation; and/or

         (c)      to restrain any Holder of a Warrant from taking or instituting
                  any  suit  or  proceedings  against  the  Corporation  for the
                  enforcement  of any  of  the  covenants  on  the  part  of the
                  Corporation  conferred  upon the  Holders  by the terms of the
                  Warrants.

         Any such  extraordinary  resolution as aforesaid  shall be binding upon
         all the Holders of Warrants  whether or not assenting in writing to any
         such extraordinary  resolution,  and each Holder of any of the Warrants
         shall be bound to give effect thereto  accordingly.  Such extraordinary
         resolution shall, where applicable, be binding on the Corporation which
         shall give effect thereto accordingly.

         The  Corporation  shall  forthwith  upon  receipt  of an  extraordinary
         resolution  provide  notice to all Holders of the date and text of such
         resolution.  The  Holders of  Warrants  assenting  to an  extraordinary
         resolution  agree to provide the  Corporation  forthwith with a copy of
         any extraordinary resolution passed.

         The expression "extraordinary resolution" when used herein shall mean a
         resolution assented to in writing, in one or more counterparts,  by the
         Holders  of  Warrants  calling  in the  aggregate  for  not  less  than
         seventy-five  per cent (75%) of the  aggregate  number of shares called
         for  by all  of  the  Warrants  which  are,  at  the  applicable  time,
         outstanding.

                                       8
<PAGE>

22.      All notices to be sent hereunder shall be deemed to be validly given to
         the  Holders  of the  Warrants  on the date of  receipt  if  personally
         delivered, sent by telecopier or overnight courier, charges prepaid, or
         five days after  deposit in the United  States mail,  by  registered or
         certified  mail,  postage  prepaid,  addressed to such holders at their
         post office  addresses  appearing  in the  register of Warrant  holders
         caused to be  maintained  by the  Corporation.  All  notices to be sent
         hereunder shall be deemed to be validly given to the Corporation on the
         date  of  receipt  if  personally  delivered,  sent  by  telecopier  or
         overnight courier,  charges prepaid,  or five days after deposit in the
         United States mail, by registered or certified mail,  postage  prepaid,
         addressed to the Corporation at 1725 Sheridan Avenue,  Suite 140, Cody,
         Wyoming  82414 or such  other  address  as the  Corporation  shall have
         designated by written notice to such registered owner.

23.      This  Warrant  shall be governed by the laws of the State of Nevada and
         the  federal  laws of the  United  States  applicable  therein  (within
         reference to the conflict of laws provisions thereof).

         IN WITNESS WHEREOF the Corporation has caused this Warrant  Certificate
to be signed by its duly authorized officer.

         DATED as of the _____________ day of ______, ____.

                            ALTAIR INTERNATIONAL INC.

                            By: _______________________________________
                            Its: ______________________________________

         Acknowledged and agreed to as of the ____________ day of March, 2000.

                                                     )
--------------------------------            )        -----------------------
Witness                                     )        Witness
                                                     )

                                       9
<PAGE>

                                SUBSCRIPTION FORM

TO BE COMPLETED IF WARRANTS ARE TO BE EXERCISED:

The undersigned hereby subscribes for  ________________  common shares of Altair
International  Inc.  according  to the  terms  and  conditions  set forth in the
annexed warrant  certificate (or such number of other  securities or property to
which such  warrant  entitles  the  undersigned  to acquire  under the terms and
conditions  set  forth  in the  annexed  warrant  certificate).  The  subscriber
acknowledges and agrees that any legend required by applicable law may be placed
on any certificates representing common shares delivered to the undersigned.

         Address for Delivery of Shares:    ____________________________________

                                            ------------------------------------

                                            ------------------------------------

                                            ------------------------------------

                                            Attention: _________________________

         Tendered (U.S. $_____ per share) Exercise Price $______________________

         Dated at ________________, this _______ day of _______________, _______

                  Witness:          )       ____________________________________
                                            )        Holder's Name
                                            )
                                            )
                                            )        ---------------------------
                                            )        Authorized Signature
                                            )
                                            )
                                            )        ---------------------------
                                            )        Title (if applicable)

Signature guaranteed:

                                       10
<PAGE>

                                 ASSIGNMENT FORM

TO BE COMPLETED IF WARRANTS ARE TO BE ASSIGNED:

TO:      ALTAIR INTERNATIONAL INC.
         1725 Sheridan Avenue
         Suite 140
         Cody, Wyoming 82414

<PAGE>

         By signing below, the undersigned represents, warrants and certifies to
Altair International Inc. as follows:

         (a)  the  undersigned  is  the  record  and  beneficial  owner  of  the
         Warrant(s) represented by the Warrant Certificate attached hereto; and

         (b) either
                  _____ (i) attached  hereto is an opinion in form and substance
         satisfactory to the  Corporation  that the Warrant(s) to be transferred
         hereby may be transferred  pursuant to Rule 144  promulgated  under the
         1933 Act, or

                  ______ (ii) a registration  statement under the 1933 Act is at
         that time in effect with respect to the  Warrant(s)  to be  transferred
         hereby  and  transfer  of  such  Warrant(s)  will  not  jeopardize  the
         exemption  or  exemptions  from  registration  pursuant  to which  such
         Warrant(s) were issued.

By signing below,  the  undersigned  hereby  transfers,  assigns and conveys all
right,  title and interest in and to _________  of the Warrants  represented  by
this      Warrant       Certificate       to       _____________________________
____________________________                     residing                     at
________________________________________  for good and  valuable  consideration.
You are hereby instructed to take the necessary steps to effect this transfer.

         Dated at ___________________, this ______ day of _____________, _____.

                  Witness:          )       ____________________________________
                                            )        Holder's Name
                                            )
                                            )        ---------------------------
                                            )        Authorized Signature
                                            )
                                            )
                                            )        ---------------------------
                                            )        Title (if applicable)
                                            )
Signature guaranteed:                       )

                                       11

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