Document:

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                                                                    Exhibit 10.7

                          REGISTRATION RIGHTS AGREEMENT

         THIS REGISTRATION RIGHTS AGREEMENT (the "Registration Rights
Agreement"), dated as of May 19, 2000, by and between Eagletech Communications,
Inc., a corporation organized under the laws of the State of Nevada, with
headquarters located at 305 South Andrews Avenue, Fort Lauderdale, FL 33301 (the
"Company"), and the buyers set forth on the execution page hereof (the
"Buyers").

                                    RECITALS

         A. Under the Securities Purchase Agreement by and between the parties
of even date (the "Securities Purchase Agreement"), the Company has agreed to
issue and sell to the Buyer (i) a number of the Company's Series A Convertible
Preferred Stock (the "Preferred Stock"), and (ii) a number of Warrants (as
defined in the Securities Purchase Agreement). The Preferred Stock and dividends
on the Preferred Stock are convertible in accordance with their respective terms
into common stock of the Company, $.001 par value per share (the "Shares" of
"Common Stock"). The Warrants are exercisable in accordance with their terms for
Common Stock. The Shares of Common Stock issuable upon conversion of the
Preferred Stock, issuable as dividends on the Preferred Stock or issuable upon
exercise of the Warrants are referred to in this Registration Rights Agreement
as the "Registerable Securities."

         B. To induce the Buyers to execute and deliver the Securities Purchase
Agreement, the Company has agreed to provide certain registration rights under
the Securities Act of 1933, as amended, and the rules and regulations
thereunder, or any similar successor statute (collectively, the "1933 Act"), and
applicable state securities laws.

                                   AGREEMENTS

         NOW THEREFORE, in consideration of the premises and the mutual
covenants contained herein and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged by all parties hereto,
and intending to be legally bound, the Company and the Buyers hereby agree as
follows:

         1.       DEFINITIONS.

         a. As used in this Registration Rights Agreement, the following terms
shall have the following meanings:

                  (i). "Preferred Stock" means the Company's Series A
         Convertible Preferred Stock to be issued under the Securities Purchase
         Agreement.

                  (ii). "Investor" or "Investors" means the Buyers and any
         permitted transferee(s) or assignee(s) to whom the Buyers assigns this
         Registration Rights Agreement and who agrees to become bound by the
         provisions of this Registration Rights Agreement in accordance with
         Section 9, below.

                  (iii). "Register," "registered," and "registration" refer to a
         registration effected by preparing and filing a Registration Statement
         or Statements in compliance with the 1933 Act and pursuant to Rule 415
         under the 1933 Act or any successor rule providing for offering
         securities on a continuous basis ("Rule 415"), and the declaration or
         ordering of effectiveness of such Registration Statement by the
         Securities and Exchange Commission (the "SEC").

                  (iv). "Registerable Securities" means the Shares underlying or
         issued in

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         accordance with or upon conversion of the Preferred Stock or exercise
         of the Warrants, and any shares of capital stock issued or issuable
         from time to time (with any adjustments) on or in exchange for or
         otherwise with respect to either of the foregoing (including without
         limitation any shares issued pursuant to Section 2(b), below).

                  (iv). "Registration Statement" or "Registration Statements"
         means a registration statement or statements of the Company filed under
         the 1933 Act.

         b. Capitalized terms used herein and not otherwise defined herein shall
have the respective meanings set forth in the Securities Purchase Agreement.

         2.       REGISTRATION.

         a.       Mandatory Registration.

                  (i). The Company shall use its best efforts to prepare, and,
         on or before the date that is forty-five (45) days after the date of
         the Closing, file with the SEC a Registration Statement or Registration
         Statements (as necessary) on Form SB-2 (or, if such form is unavailable
         for such a registration, on such other form as is available for such a
         registration of all of the Registerable Securities) (any of which may
         contain a combined prospectus with other registrations by the Company),
         covering the resale of all of the Registerable Securities, which
         Registration Statement(s), to the extent allowable under the 1933 Act
         and the rules promulgated thereunder (including without limitation Rule
         415), shall state that such Registration Statement(s) also covers such
         indeterminate number of additional Shares (the "Indeterminate Shares")
         as may become issuable upon conversion of the Preferred Stock or
         exercise of the Warrants to prevent dilution resulting from stock
         splits, stock dividends or similar transactions.

                  (ii) To the extent the Indeterminate Shares for any reason can
         not be registered under the Registration Statement(s) required under
         Section 2(a)(i) above, then with respect to such Indeterminate Shares,
         the Company shall use its best efforts to prepare, and, on or before
         the date that is fifteen (15) days after the Indeterminate Shares
         become issuable, file with the SEC a Registration Statement or
         Registration Statements (as necessary) on Form SB-2 (or, if such form
         is unavailable for such a registration, on such other form as is
         available for such a registration of all of the Indeterminate Shares)
         (any of which may contain a combined prospectus with other
         registrations by the Company), covering the resale of all of the
         Indeterminate Shares.

                  (iii) The Investors may engage the services of an underwriter
         in connection with the sale of the Registerable Securities under the
         Registration Statement. If Investors owning a majority of the
         Registerable Securities agree to engage an underwriter, all Investors
         must either enter into customary agreements with the underwriter or
         notify the Company in writing of his or her election to exclude all of
         the Investor's Registerable Securities from the underwritten offering.

         A copy of the Registration Statement(s) (and each amendment or
supplement thereto, and each request for acceleration of effectiveness thereof)
shall be provided to the Buyers and their counsel before its filing or other
submission.

         b. The Company shall use its best efforts to obtain effectiveness of
the Registration Statement as soon as practicable. If (i) the Registration
Statement required to be filed by the Company pursuant to Section 2(a) hereof is
not declared effective by the SEC within one hundred twenty (120) days after the
date of its filing with the SEC (other than by reason of any act or failure to
act in a timely manner by the Investor or its counsel) (the "Registration
Deadline") or if, after the Registration Statement has been declared effective
by the SEC, sales

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cannot be made pursuant to the Registration Statement (by reason of a
suspension, a stop order, the Company's failure to update the Registration
Statement, or any other reason outside the control of the Investor), or (ii) the
Common Stock is not listed or included for quotation on the OTC Bulletin Board,
or a United States national securities exchange or market (in either case, a
"Delay"), then the Company will allow cashless exercise of the Warrants

         c. Piggy-Back Registrations. If at any time prior to the expiration of
the Registration Period (as defined below in Section 3(a)) the Company shall
decide to file with the SEC a Registration Statement relating to an offering for
its own account or the account of others under the 1933 Act of any of its equity
securities (other than on Form S-4 or Form S-8 or their then equivalents
relating to equity securities to be issued solely in connection with any
acquisition of any entity or business or equity securities issuable in
connection with stock option or other employee benefit plans), the Company shall
send the Investor written notice of such determination. If within twenty (20)
days after receipt of such notice, the Investor shall so request in writing, the
Company, to the extent permitted by law, shall include in such Registration
Statement all or any part of the Registerable Securities such Investor requests
to be registered, subject to the following sentence. However, if, in connection
with any underwritten public offering for the account of the Company, the
managing underwriter(s) impose a limitation on the number of shares of Common
Stock which may be included in the Registration Statement because, in such
underwriter(s)' reasonable good faith judgment, marketing or other factors
dictate such limitation is necessary to facilitate public distribution, then
only such limited portion of the Registerable Securities will be included in the
Registration Statement; provided that no portion of the equity securities which
the Company is offering for its own account shall be excluded; provided, further
that the Company shall be entitled to exclude Registerable Securities to the
extent necessary to avoid breaching obligations existing prior to the date
hereof to other shareholders of the Company.

         Any exclusion of Registerable Securities shall be made pro rata among
the Investors seeking to include Registerable Securities, in proportion to the
number of Registerable Securities sought to be included by such Investors. No
right of the Investor to registration of Registerable Securities under this
Section 2(c) shall be construed to limit any registration required under Section
2(a) hereof. If an offering in connection with which an Investor is entitled to
registration under this Section 2(c) is an underwritten offering, then each
Investor whose Registerable Securities are included in such Registration
Statement shall, unless otherwise agreed by the Company, offer and sell such
Registerable Securities in an underwritten offering using the same underwriter
or underwriters and, subject to the provisions of this Registration Rights
Agreement, on the same terms and conditions as other shares of Common Stock
included in such underwritten offering.

         d. Eligibility for Form SB-2.The Company represents and warrants that
it meets the requirements for the use of Form SB-2 for registration of the sale
by the Buyers of the Registerable Securities. In the event that Form SB-2 is not
available for registration of the Registerable Securities, the Company shall
register the securities on another appropriate form.

         e. Existing Registration Rights. Attached to this Agreement as Schedule
2(e) is a listing of all persons (including entities) having registration rights
covering shares of Common Stock or securities convertible into or exercisable
for shares of Common Stock.

         3. RELATED OBLIGATIONS. Concerning the registration of the Registerable
Securities, the Company shall have the following obligations:

         a. The Company shall use its best efforts to cause such Registration
Statement(s) for Registerable Securities to become effective as soon as possible
after such filing, but in no event later than the Registration Deadline, and
keep the Registration Statement(s) effective pursuant to Rule 415 at all times
until the earliest of: (i) the date on which all of the Registerable Securities
have been sold (and no further Registerable Securities may be issued in the
future); (ii) the date

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as of which the Investors may immediately sell all of the Registerable
Securities without restriction; or (iii) the date on which none of the Preferred
Stocks is outstanding (the "Registration Period"), which Registration
Statement(s) (including any amendments or supplements thereto and prospectuses
contained therein) shall not contain any untrue statement of a material fact or
omit to state a material fact required to be stated therein, or necessary to
make the statements therein, in light of the circumstances in which they were
made, not misleading.

         b. The Company shall prepare and file with the SEC such amendments
(including post-effective amendments) and supplements to the Registration
Statement as may be necessary to keep the Registration Statement effective at
all times during the Registration Period, and, during such period, comply with
the provisions of the 1933 Act with respect to the disposition of all
Registerable Securities of the Company covered by the Registration Statement. In
the event the number of shares available under a Registration Statement filed
pursuant to this Registration Rights Agreement is insufficient to cover all of
the Registerable Securities issued or issuable upon conversion of the Preferred
Stocks, the Company shall amend the Registration Statement, or file a new
Registration Statement (on the short form available therefor, if applicable), or
both, so as to cover all of the Registerable Securities, in each case, as soon
as practicable, but in any event within fifteen (15) days after the need
therefor arises (based on the market price of the Common Stock and other
relevant factors on which the Company reasonably elects to rely). The Company
shall use its best efforts to cause such amendment and/or new Registration
Statement to become effective as soon as practicable following such filing.

         c. The Company shall furnish to each Investor whose Registerable
Securities are included in the Registration Statement(s): (i) one copy of the
Registration Statement and any amendment thereto, each preliminary prospectus
and prospectus and each amendment or supplement thereto in each case relating to
such Registration Statement (other than any portion thereof which contains
information for which the Company has sought confidential treatment) and, in the
case of the Registration Statement referred to in Section 2(a), each letter
written by or on behalf of the Company to the SEC or the staff of the SEC, and
each item of correspondence from the SEC or the staff of the SEC, in each case
relating to such Registration Statement; and (ii) such number of copies of a
prospectus, including a preliminary prospectus, and all amendments and
supplements thereto and such other documents as such Investor may reasonably
request in order to facilitate the disposition of the Registerable Securities
owned (or to be owned) by such Investor.

         d. If required, the Company shall use reasonable efforts to: (i)
register and qualify the Registerable Securities covered by the Registration
Statement(s) under such other securities or "blue sky" laws of such
jurisdictions in the United States as each Investor who holds (or has the right
to hold) Registerable Securities being offered reasonably requests, (ii) prepare
and file in those jurisdictions such amendments (including post-effective
amendments) and supplements to such registrations and qualifications as may be
necessary to maintain the effectiveness thereof during the Registration Period,
(iii) take such other actions as may be necessary to maintain such registrations
and qualifications in effect at all times during the Registration Period, and
(iv) take all other actions reasonably necessary or advisable to qualify the
Registerable Securities for sale in such jurisdictions; provided, however, that
the Company shall not be required to (A) qualify to do business in any
jurisdiction where it would not otherwise be required to qualify but for this
Section 3(d), (B) subject itself to general taxation in any such jurisdiction,
(C) file a general consent to service of process in any such jurisdiction, (D)
provide any undertakings that cause more than nominal expense or burden to the
Company, or (E) make any change in its charter or bylaws, which in each case the
Board of Directors of the Company determines to be contrary to the best
interests of the Company and its shareholders.

         e. As promptly as practicable after becoming aware of such event, the
Company shall notify each Investor of the happening of any event, of which the
Company has knowledge, as a result of which the prospectus included in a
Registration Statement, as then in effect, includes an untrue statement of a
material fact or omission to state a material fact required to be

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stated therein or necessary to make the statements therein, in light of the
circumstances under which they were made, not misleading, and use its best
efforts promptly to prepare a supplement or amendment to the Registration
Statement to correct such untrue statement or omission, and deliver such number
of copies of such supplement or amendment to each Investor as such Investor may
reasonably request.

         f. The Company shall use its best efforts to prevent the issuance of
any stop order or other suspension of effectiveness of a Registration Statement,
and, if such an order is issued, to obtain the withdrawal of such order at the
earliest possible moment and to notify each Investor who holds Registerable
Securities being sold (or, in the event of an underwritten offering, the
managing underwriters) of the issuance of such order and the resolution thereof.

         g. As of the date of this Registration Rights Agreement, the Company is
subject to the reporting requirements ("Reporting Requirements") of Section 13
or 15(d) of the Securities Exchange Act of 1934, as amended (the "1934 Act").
For so long as the Buyers beneficially own any of the Securities, the Company
shall file all reports required to be filed with the SEC pursuant to the 1934
Act, and the Company shall not terminate its status as a reporting issuer even
if the 1934 Act would permit such termination.

         h. At the request of the Investor, but no more than three (3) times in
any one ninety (90) day period, the Company shall furnish, on the date of
effectiveness of the Registration Statement and thereafter from time to time on
such dates as the Investor may reasonably request an opinion, dated as of such
requested date, of counsel representing the Company for purposes of such
Registration Statement, in form, scope and substance as is customarily given in
an underwritten public offering, addressed to the Company's transfer agent
and/or to the Investors. Such opinion shall be substantially as set forth in
Exhibit I attached hereto.

         i. The Company shall make available for inspection by any Investor or
such Investor's professional advisors such financial information about the
Company as may be reasonably necessary for purposes of due diligence, including
monthly balance sheets. To the extent such information is not public, the
Company may require such Investor and its advisors to execute confidentiality
agreements (in form and substance reasonably satisfactory to the Company) with
the Company with respect to such information.

         j. The Company shall hold in confidence and not make any disclosure of
information concerning an Investor including, but not limited to, the name of an
Investor, unless (i) disclosure of such information is necessary to comply with
federal or state securities laws, (ii) the disclosure of such information is
necessary to avoid or correct a misstatement or omission in any Registration
Statement, (iii) the release of such information is ordered pursuant to a
subpoena or other final, non-appealable order from a court or governmental body
of competent jurisdiction, or (iv) such information has been made generally
available to the public other than by disclosure in violation of this or any
other agreement. The Company agrees that it shall, upon learning that disclosure
of such information concerning an Investor is sought in or by a court or
governmental body of competent jurisdiction or through other means, give prompt
notice to such Investor and allow such Investor, at the Investor's expense, to
undertake appropriate action to prevent disclosure of, or to obtain a protective
order for, such information.

         k. The Company shall cooperate with the Investors who hold Registerable
Securities being offered to facilitate the timely preparation and delivery of
certificates (not bearing any restrictive legend) representing the Registerable
Securities to be offered pursuant to a Registration Statement and enable such
certificates to be in such denominations or amounts, as the case may be, the
Investors may reasonably request and registered in such names as the

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Investors may request. Provided that the Investor has given the Company all
required information regarding proposed transferees, not later than the date on
which any Registration Statement registering the resale of Registerable
Securities is declared effective, the Company shall deliver (at its expense) to
its transfer agent instructions, accompanied by any required opinion of counsel,
that permit sales of unlegended securities in a timely fashion that complies
with then mandated securities settlement procedures for regular market
transactions.

         l. Listing. At the time the SEC declares the Company's registration
statement on Form SB-2 effective, the Company shall promptly secure the listing
upon notice of issuance of the Registerable Securities underlying the Preferred
Stock and the Warrants then purchased by the Buyers upon each national
securities exchange or automated quotation system, if any, upon which Shares of
Common Stock are then listed and shall maintain, so long as any other Shares of
Common Stock shall be so listed, such listing until all Registerable Securities
have been issued. The Company shall at all times comply in all respects with the
Company's reporting, filing and other obligations under the by-laws or rules of
any national securities exchange or market on which the Common Stock may then be
listed, as applicable.

         m. The Company shall comply with all applicable laws relating to a
Registration Statement and offering and sale of securities and all applicable
rules and regulations of governmental authorities in connection therewith
(including without limitation the 1933 Act and the 1934 Act, as amended, and all
the rules and regulations promulgated by the SEC).

         n. The Company shall take all other reasonable actions necessary to
expedite and facilitate disposition by the Investors of Registerable Securities
through a Registration Statement.

         4. OTHER OBLIGATIONS. In connection with the registration of the
Registerable Securities, the Investors shall have the following obligations:

         a. At least fifteen (15) days prior to the first anticipated filing
date of the Registration Statement, the Company shall notify each Investor of
the information the Company requires from each such Investor if such Investor
elects to have any of such Investor's Registerable Securities included in the
Registration Statement. It shall be a condition precedent to the obligations of
the Company to complete the registration pursuant to this Registration Rights
Agreement with respect to the Registerable Securities of a particular Investor
that such Investor shall furnish to the Company such information regarding
itself, the Registerable Securities held by it and the intended method of
disposition of the Registerable Securities held by it as shall be reasonably
required to effect the registration of such Registerable Securities and shall
execute such documents in connection with such registration as the Company may
reasonably request.

         b. Each Investor by such Investor's acceptance of the Registerable
Securities agrees to cooperate with the Company and its counsel as reasonably
requested by the Company in connection with the preparation and filing of the
Registration Statement(s) hereunder, unless such Investor has notified the
Company in writing of such Investor's election to exclude all of such Investor's
Registerable Securities from the Registration Statement.

         c. In the event Investors holding a majority of the Registerable
Securities being registered determine to engage the services of an underwriter,
each Investor agrees to enter into and perform such Investor's obligations under
an underwriting agreement, in usual and customary form, including, without
limitation, customary indemnification and contribution obligations, with the
managing underwriter of such offering and take such other actions as are
reasonably required in order to expedite or facilitate the disposition of the
Registerable Securities, unless such Investor notifies the Company in writing of
such Investor's election to exclude all of such Investor's Registerable
Securities from the Registration Statement(s).

         d. Each Investor agrees that, upon receipt of any notice from the
Company of the

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happening of any event of the kind described in Section 3(e) or 3(f), such
Investor will immediately discontinue disposition of Registerable Securities
pursuant to the Registration Statement(s) covering such Registerable Securities
until such Investor's receipt of the copies of the supplemented or amended
prospectus contemplated by Section 3(e) or 3(f) and, if so directed by the
Company, such Investor shall deliver to the Company (at the expense of the
Company) or destroy (and deliver to the Company a certificate of destruction)
all copies in such Investor's possession, of the prospectus covering such
Registerable Securities current at the time of receipt of such notice.

         e. No Investor may participate in any underwritten registration
hereunder unless such Investor (i) agrees to sell such Investor's Registerable
Securities on the basis provided in any underwriting arrangements approved by
the Investors entitled hereunder to approve such arrangements, (ii) completes
and executes all questionnaires, powers of attorney, indemnities, underwriting
agreements and other documents reasonably required under the terms of such
underwriting arrangements, and (iii) agrees to pay its pro rata share of all
underwriting discounts and commissions and any expenses incurred by the Company
pursuant to Section 5 below.

         5. EXPENSES OF REGISTRATION. The Company agrees to pay all reasonable
expenses, other than underwriting discounts and commissions, incurred in
connection with registrations, filings or qualifications pursuant to Sections 2
and 3, including, without limitation, all registration, listing and
qualifications fees, printers and accounting fees, and fees and disbursements of
counsel for the Company. If Investors who hold a majority of Registerable
Securities undertake to resell the Registerable Securities in an underwritten
public offering, the Company will reasonably cooperate as is customarily
required in an underwritten public offering. The Investors who participate in
such a public offering shall pay all expenses incurred in connection with such
registration, whether incurred by them or the Company, including without
limitation, underwriting discounts and commissions, all registration, listing
and qualification fees, printing charges, and fees and disbursements of
accountants and counsel for the Company.

         6. INDEMNIFICATION. In the event any Registerable Securities are
included in a Registration Statement under this Registration Rights Agreement:

         a. To the extent permitted by law, the Company will indemnify, hold
harmless and defend each Investor who holds such Registerable Securities, the
directors, officers and each person who controls any Investor within the meaning
of the 1933 Act or the 1934 Act, if any, and any underwriter (as defined in the
1933 Act) for the Investors, and the directors and the officers of, and each
person, if any, who controls, any such underwriter within the meaning of the
1933 Act or the 1934 Act (each, an "Indemnified Person"), against any losses,
claims, damages, liabilities or expenses (joint or several) (collectively,
together with actions, proceedings or inquiries by any regulatory or self
regulatory organization, whether commenced or threatened, in respect thereof,
"Claims") to which any of them may become subject insofar as such Claims (or
actions or proceedings, whether commenced or threatened) arise out of or are
based upon: (i) any untrue statement or alleged untrue statement of a material
fact in a Registration Statement or Blue Sky filing or the omission or alleged
omission to state a material fact therein required to be stated or necessary to
make the statements therein not misleading; (ii) any untrue statement or alleged
untrue statement of a material fact contained in any preliminary prospectus if
used prior to the effective date of such Registration Statement, or contained in
the final prospectus (as amended or supplemented, if the Company files any
amendment thereof or supplement thereto with the SEC) or the omission or alleged
omission to state therein any material fact necessary to make the statements
made therein, in light of the circumstances under which the statements therein
were made, not misleading; or (iii) any violation or alleged violation by the
Company of the 1933 Act, the 1934 Act, any other law, including, without
limitation, any state securities law, or any rule or regulation thereunder
relating to the offer or sale of the Registerable Securities pursuant to a
Registration Statement (the matters in the foregoing clauses (i) through (iii)
being, collectively, "Violations"). Subject to the restrictions set forth in
Section 6(d) with respect to the number of legal counsel, the Company shall

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reimburse the Investors and each such underwriter or controlling person,
promptly as such expenses are incurred and are due and payable, for any legal
fees or other expenses reasonably incurred by them in connection with
investigating or defending any such Claim. Notwithstanding anything to the
contrary contained herein, the indemnification agreement contained in this
Section 6(a): (i) shall not apply to a Claim arising out of or based upon a
Violation which occurs in reliance upon and in conformity with information
furnished in writing to the Company by any Indemnified Person or underwriter for
such Indemnified Person expressly for use in connection with the preparation of
the Registration Statement or any such amendment thereof or supplement thereto,
if such prospectus was timely made available by the Company pursuant to Section
3(c) hereof; (ii) with respect to any preliminary prospectus, shall not inure to
the benefit of any such person from whom the person asserting any such Claim
purchased the Registerable Securities that are the subject thereof (or to the
benefit of any person controlling such person) if the untrue statement or
omission of the material fact contained in the preliminary prospectus was
corrected in the prospectus, as then amended or supplemented, if such prospectus
was timely made available by the Company pursuant to Section 3(c) hereof; (iii)
shall not be available to the extent such Claim is based on a failure of the
Investor to deliver or to cause to be delivered the prospectus made available by
the Company or the failure of the Investor to comply with federal or state law
relating to the offering or sale of the Registerable Securities; and (iv) shall
not apply to amounts paid in settlement of any Claim if such settlement is
effected without the prior written consent of the Company, which consent shall
not be unreasonably withheld. Such indemnity shall remain in full force and
effect regardless of any investigation made by or on behalf of the Indemnified
Person and shall survive the transfer of the Registerable Securities by the
Investors pursuant to Section 9.

         b. In connection with any Registration Statement in which an Investor
is participating, each such Investor agrees to indemnify, hold harmless and
defend, to the same extent and in the same manner as is set forth in Section
6(a), the Company, each of its directors, each of its officers who signs the
Registration Statement, each person, if any, who controls the Company within the
meaning of the 1933 Act or the 1934 Act, any underwriter and any other
shareholder selling securities pursuant to the Registration Statement or any of
its directors or officers or any person who controls such shareholder or
underwriter within the meaning of the 1933 Act or the 1934 Act (collectively and
together with an Indemnified Person, an "Indemnified Party"), against any Claim
to which any of them may become subject, under the 1933 Act, the 1934 Act or
otherwise, insofar as such Claim arises out of or is based upon any Violation,
in each case to the extent (and only to the extent) that such violation occurs
in reliance upon and in conformity with written information furnished to the
Company by such Investor expressly for use in connection with such Registration
Statement or to the extent such Claim is based upon any violation or alleged
violation by the Investor of the 1933 Act, 1934 Act or any other law; and such
Investor will reimburse any legal or other expenses reasonably incurred by them
in connection with investigating or defending any such Claim; provided, however,
that the indemnity agreement contained in this Section 6(b) shall not apply to
amounts paid in settlement of any Claim if such settlement is effected without
the prior written consent of such Investor, which consent shall not be
unreasonably withheld; provided, further, however, that the Investor shall be
liable under this Section 6(b) for only that amount of a Claim as does not
exceed the net proceeds to such Investor as a result of the sale of Registerable
Securities pursuant to such Registration Statement. Such indemnity shall remain
in full force and effect regardless of any investigation made by or on behalf of
such Indemnified Party and shall survive the transfer of the Registerable
Securities by the Investors under Section 9. Notwithstanding anything to the
contrary contained herein, the indemnification agreement contained in this
Section 6(b) with respect to any preliminary prospectus shall not inure to the
benefit of any Indemnified Party if the untrue statement or omission of material
fact contained in the preliminary prospectus was corrected on a timely basis in
the prospectus, as then amended or supplemented.

         c. The Company shall be entitled to receive indemnities from
underwriters, selling brokers, dealer managers and similar securities industry
professionals participating in any distribution, to the same extent as provided
above, with respect to information such persons so furnished in writing by such
persons expressly for inclusion in the Registration Statement.

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         d. Promptly after receipt by an Indemnified Person or Indemnified Party
under this Section 6 of notice of the commencement of any action (including any
governmental action), such Indemnified Person or Indemnified Party shall, if a
Claim in respect thereof is to be made against any indemnifying party under this
Section 6, deliver to the indemnifying party a written notice of the
commencement thereof, and the indemnifying party shall have the right to
participate in, and, to the extent the indemnifying party so desires, jointly
with any other indemnifying party similarly noticed, to assume control of the
defense thereof with counsel mutually satisfactory to the indemnifying party and
the Indemnified Person or the Indemnified Party, as the case may be; provided,
however, that an Indemnified Person or Indemnified Party shall have the right to
retain its own counsel with the fees and expenses to be paid by the indemnifying
party, if, in the reasonable opinion of counsel retained by the indemnifying
party, the representation by such counsel of the Indemnified Person or
Indemnified Party and the indemnifying party would be inappropriate due to
actual or potential differing interests between such Indemnified Person or
Indemnified Party and any other party represented by such counsel in such
proceeding. The Company shall pay reasonable fees for only one separate legal
counsel for the Investors, and such legal counsel shall be selected by the
Investors holding a majority in interest of the Registerable Securities included
in the Registration Statement to which the Claim relates; provided, that the
Company shall have the right to approve the selection of counsel and legal fees
and expenses of such firm shall be reasonable. The failure to deliver written
notice to the indemnifying party within a reasonable time of the commencement of
any such action shall not relieve such indemnifying party of any liability to
the Indemnified Person or Indemnified Party under this Section 6, except to the
extent that the indemnifying party is prejudiced in its ability to defend such
action. The indemnification required by this Section 6 shall be made by periodic
payments of the amount thereof during the course of the investigation or
defense, as such expense, loss, damage or liability is incurred and is due and
payable.

         7. CONTRIBUTION. To the extent any indemnification by an indemnifying
party is prohibited or limited by law, the indemnifying party agrees to make the
maximum contribution with respect to any amounts for which it would otherwise be
liable under Section 6 to the fullest extent permitted by law; provided,
however, that (i) no contribution shall be made under circumstances where the
maker would not have been liable for indemnification under the fault standards
set forth in Section 6, (ii) no seller of Registerable Securities guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the 1933
Act) shall be entitled to contribution from any seller of Registerable
Securities who was not guilty of fraudulent misrepresentation, and (iii)
contribution by any seller of Registerable Securities shall be limited in amount
to the net amount of proceeds received by such seller from the sale of such
Registerable Securities.

         8. REPORTS UNDER THE 1934 ACT. With a view to making available to the
Investors the benefits of Rule 144 promulgated under the 1933 Act or any other
similar rule or regulation of the SEC that may at any time permit the Investors
to sell securities of the Company to the public without registration ("Rule
144"), the Company agrees to:

         a. make and keep public information available, as those terms are
defined in Rule 144;

         b. file with the SEC in a timely manner all reports and other documents
required of the Company under the 1933 Act and the 1934 Act so long as the
Company remains subject to such requirements (it being understood that nothing
herein shall limit the Company's obligations under Section 4(c) of the
Securities Purchase Agreement) and the filing of such reports and other
documents is required for the applicable provisions of Rule 144; and

         c. furnish to each Investor so long as such Investor owns Registerable
Securities,

                                       9
<PAGE>   10

promptly upon request, (i) a written statement by the Company that it has
complied with the reporting requirements of Rule 144, the 1933 Act and the 1934
Act, (ii) a copy of the most recent annual or quarterly report of the Company
and such other reports and documents so filed by the Company, and (iii) such
other information as may be reasonably requested to permit the Investor to sell
such securities pursuant to Rule 144 without registration.

         9. ASSIGNMENT OF REGISTRATION RIGHTS. The rights to have the Company
register Registerable Securities pursuant to this Registration Rights Agreement
shall be automatically assignable by the Investors to any transferee of all or
any portion of Registerable Securities if: (i) the Investor agrees in writing
with the transferee or assignee to assign such rights, and a copy of such
agreement is furnished to the Company within a reasonable time after such
assignment, (ii) the Company is, within a reasonable time after such transfer or
assignment, furnished with written notice of (a) the name and address of such
transferee or assignee, and (b) the securities with respect to which such
registration rights are being transferred or assigned, (iii) immediately
following such transfer or assignment the further disposition of such securities
by the transferee or assignee is restricted under the 1933 Act and applicable
state securities laws, (iv) at or before the time the Company receives the
written notice contemplated by clause (ii) of this sentence the transferee or
assignee agrees in writing with the Company to be bound by all of the provisions
contained herein, (v) such transfer shall have been made in accordance with the
applicable requirements of the Securities Purchase Agreement, (vi) such
transferee shall submit evidence reasonably satisfactory to the Company that the
Transferee is an "accredited investor" as that term is defined in Rule 501 of
Regulation D promulgated under the 1933 Act; and (vii) in the event the
assignment occurs subsequent to the date of effectiveness of the Registration
Statement required to be filed pursuant to Section 2(a), the transferee agrees
to pay all reasonable expenses of amending or supplementing such Registration
Statement to reflect such assignment. Notwithstanding anything herein to the
contrary, no assignment of the rights represented by this Registration Rights
Agreement shall be effective unless in compliance with any applicable securities
laws of any applicable jurisdiction.

         10. AMENDMENT OF REGISTRATION RIGHTS. Provisions of this Registration
Rights Agreement may be amended and the observance thereof may be waived (either
generally or in a particular instance and either retroactively or prospectively)
only with the written consent of the Company and Investors who hold a majority
of the Registerable Securities and including the affirmative vote of Trinity
Technology Management Incorporated. Any amendment or waiver effected in
accordance with this Section 10 shall be binding upon each Investor and the
Company.

         11. LOCK-UP PROVISIONS. From the date of this Agreement until 90 days
after the Company's SB-2 Registration Statement required by Sections 2 and 3 of
this Agreement becomes effective, none of the Company's five percent (5%) or
greater shareholders ("5% Shareholders") may sell more than ten percent (10%) of
their holdings. Each of the 5% Shareholders will be required to enter into a
lock-up agreement substantially in the form attached as Exhibit 11.

         11.      MISCELLANEOUS.

         a. A person or entity is deemed to be a holder of Registerable
Securities whenever such person or entity owns of record such Registerable
Securities. If the Company receives conflicting instructions, notices or
elections from two or more persons or entities with respect to the same
Registerable Securities, the Company shall act upon the basis of instructions,
notice or election received from the registered owner of such Registerable
Securities.

         b. Any notices required or permitted to be given under the terms of
this Registration Rights Agreement shall be sent by registered or certified
mail, return receipt requested, or delivered personally or by courier and shall
be effective five days after being placed in the mail, if mailed, or upon
receipt, if delivered personally or by courier or facsimile, in each case
properly addressed to the party to receive such notice. The addresses for such
communications

                                       10
<PAGE>   11

shall be:

         To the Company:   Mr. Robert J. Dobbs, Jr., President
                           Eagletech Communications, Inc.
                           305 South Andrews Avenue
                           Fort Lauderdale, FL 33301
                           TEL.: 954-462-1494

         If to the Buyers, at the addresses on the signature page of the
Securities Purchase Agreement. Each party shall provide written notice to the
other party of any change in address.

         c. Failure of any party to exercise any right or remedy under this
Registration Rights Agreement or otherwise, or delay by a party in exercising
such right or remedy, shall not operate as a waiver thereof.

         d. This Registration Rights Agreement shall be governed by and
interpreted in accordance with the laws of the state of Florida without regard
to the principles of conflict of laws. If any provision of this Registration
Rights Agreement shall be invalid or unenforceable in any jurisdiction, such
invalidity or unenforceability shall not affect the validity or enforceability
of the remainder of this Registration Rights Agreement in that jurisdiction or
the validity or enforceability of any provision of this Registration Rights
Agreement in any other jurisdiction. The Company irrevocably consents to the
jurisdiction of the state and federal courts of the state of Florida in any suit
or proceeding arising out of or based on this Registration Rights Agreement and
irrevocably agrees that all claims in respect of such suit or proceeding may be
determined in such courts. The Company irrevocably waives the defense of
inconvenient forum to the maintenance of such suit or proceeding. Service of
process in any civil action relating to or arising out of this Registration
Rights Agreement (including also all Exhibits or Addenda hereto) or the
transaction(s) contemplated herein may be accomplished in any manner provided by
law.

         e. This Registration Rights Agreement, the Preferred Stock, the
Warrants and the Securities Purchase Agreement (including all exhibits and
addenda thereto) constitute the entire agreement between the parties hereto with
respect to the subject matter hereof and thereof. There are no restrictions,
promises, warranties or undertakings, other than those set forth or referred to
herein and therein. This Registration Rights Agreement and the other agreements
previously identified supersede all prior agreements and understandings among
the parties hereto with respect to the subject matter hereof and thereof.

         f. Subject to the requirements of Section 9 hereof, this Registration
Rights Agreement shall inure to the benefit of and be binding upon the permitted
successors and assigns of each of the parties hereto.

         g. The headings in this Registration Rights Agreement are for
convenience of reference only and shall not limit or otherwise affect the
meaning hereof.

         h. This Registration Rights Agreement may be executed in two or more
identical counterparts, each of which shall be deemed an original but all of
which shall constitute the same agreement. This Registration Rights Agreement,
once executed by a party, may be delivered to the other party hereto by
facsimile transmission of the signature page of this Registration Rights
Agreement bearing the signature of the party so delivering to the other party,
with the original executed Registration Rights Agreement to be delivered to the
other party via overnight delivery.

         i. Each party shall do and perform, or cause to be done and performed,
all such further acts and things, and shall execute and deliver all such other
agreements, certificates, instruments and documents, as the other party may
reasonably request in order to carry out the

                                       11
<PAGE>   12

intent and accomplish the purposes of this Registration Rights Agreement and the
consummation of the transactions contemplated hereby.

         IN WITNESS WHEREOF, the parties have caused this Registration Rights
Agreement to be duly executed as of day and year first above written.

                                    EAGLETECH COMMUNICATIONS, INC.

                                    By: _______________________________________
                                           Robert J. Dobbs, Jr., President

                      SIGNATURE PAGE CONTINUED ON NEXT PAGE

                                       12
<PAGE>   13

                                    ___________________________________________
                                          Buyer

Buyers Information                  Name: _____________________________________
                                    Address: __________________________________
                                             __________________________________
                                    Telephone: ________________________________
                                    Tax I.D. No.: _____________________________

                                    ___________________________________________
                                          Buyer

Buyers Information                  Name: _____________________________________
                                    Address: __________________________________
                                             __________________________________
                                    Telephone: ________________________________
                                    Tax I.D. No.: _____________________________

                                    ___________________________________________
                                          Buyer

Buyers Information                  Name: _____________________________________
                                    Address: __________________________________
                                             __________________________________
                                    Telephone: ________________________________
                                    Tax I.D. No.: _____________________________

                                    ___________________________________________
                                          Buyer

Buyers Information                  Name: _____________________________________
                                    Address: __________________________________
                                             __________________________________
                                    Telephone: ________________________________
                                    Tax I.D. No.: _____________________________

                                       13<PAGE>

                              WAIVER AND AGREEMENT
                              --------------------

     WAIVER AND AGREEMENT (the "Agreement"), dated as of May 24, 2000, among
INACOM CORP., a Delaware corporation (the "Borrower"), the Banks party to the
Credit Agreement referred to below, IBM CREDIT CORPORATION, as Documentation
Agent, BANQUE NATIONALE DE PARIS, as Syndication Agent and DEUTSCHE BANK AG, NEW
YORK BRANCH, as Administrative Agent. Unless otherwise defined herein,
capitalized terms used herein shall have the meanings assigned to them in the
Credit Agreement referred to below.

                                    RECITALS
                                    --------

          WHEREAS, the Borrower, the Banks, the Documentation Agent, the
Syndication Agent and the Administrative Agent are parties to a certain Credit
Agreement, dated as of April 9, 1999 (as amended, modified or supplemented to
the date hereof, the "Credit Agreement") pursuant to which the Banks have agreed
to extend credit to the Borrower;

          WHEREAS, the obligations of the Borrower and the Subsidiary Guarantors
(collectively, the "InaCom Entities") under the Credit Agreement and the
Subsidiary Guaranty are secured pursuant to (a) an Amended and Restated Pledge
Agreement, dated as of April 9, 1999 and amended and restated as of February 16,
2000 (as further amended, supplemented and modified from time to time, the
"Pledge Agreement"), (b) an Amended and Restated Security Agreement, dated as of
April 9, 1999 and amended and restated as of February 16, 2000 (as further
amended, supplemented or modified from time to time, the "Security Agreement")
and (c) other security agreements including, without limitation, lock-box and
other similar arrangements entered into by the Borrower, the Collateral Agent
and various lock-box banks (the "Lockbox Banks") with respect to all or
substantially all of the proceeds of the accounts receivable of the InaCom
Entities subject to the Security Agreement ("Accounts Receivable Proceeds")
(such lock-box and other similar arrangements, the "Lockbox Agreements" and,
together with the Pledge Agreement and the Security Agreement, the "Security
Documents");

          WHEREAS, the Borrower has requested that the Banks provide, and the
Banks have agreed to provide, the waivers provided below, subject to and on the
terms and conditions set forth herein; and

          WHEREAS, the parties hereto have decided to enter into the agreements
provided below, subject to and upon the terms and conditions set forth herein;

          NOW, THEREFORE, for valuable consideration, the receipt and adequacy
of which is hereby acknowledged, the parties hereto hereby agree as follows:

     1.   Waivers.
          --------

          (a) Subject to the terms of this Section 1(a), the Banks hereby waive
any Defaults or Events of Default that exist as of the Agreement Effective Date
(as defined below) (it being understood and agreed that, except as set forth in
Section 1(b) below, the Banks are not waiving any Defaults or Events of Default
that may arise after the Agreement Effective Date, and that,

<PAGE>

except as set forth in Section 1(b) below, except for Defaults or Events of
Default existing as of the Agreement Effective Date the InaCom Entities shall be
required to comply with all covenants and other terms contained in the Credit
Documents). This waiver shall be effective only for the period (the "Waiver
Period") from the Agreement Effective Date to and including the earliest to
occur of the following dates (such earliest date to occur, the "Waiver
Termination Date"): (i) 5:00 p.m. (New York time) on June 9, 2000, (ii) the date
on which any event of the type described in Section 9.05 of the Credit Agreement
(other than an event set forth in the final subclause of Section 9.05 relating
to "corporate actions") occurs with respect to any InaCom Entity (a "Bankruptcy
Filing"), (iii) the date (if any) on which the Borrower terminates its efforts
to sell its services business and (iv) the date on which any Event of Default
(other than those expressly waived above and pursuant to Section 1(b) below)
occurs, and this waiver shall have no force or effect at any other time.

          (b) The Banks hereby waive any Event of Default that exists or may
arise under the Credit Agreement solely as a result of the Borrower's failure to
provide to the Administrative Agent the audited financial statements, auditor's
opinion and other documents (collectively, the "Annual Financial Documents")
required pursuant to Section 7.01(c) of the Credit Agreement within 100 days
after the close of the fiscal year of the Borrower ending December 25, 1999, or
the financial statements (the "Quarterly Financial Documents", and together with
the Annual Financial Documents, the "Financial Documents"), required pursuant to
Section 7.01(b) of the Credit Agreement within 50 days after the close of the
fiscal quarter of the Borrower ending March 25, 2000, so long as the Financial
Documents are delivered to the Administrative Agent on the earlier of (i) two
Business Days after the Borrower files its Form 10K with the SEC and (ii) the
Waiver Termination Date. The Banks hereby further waive any Event of Default
that exists or may arise during the Waiver Period under Section 9.13 of the
Credit Agreement, until the Waiver Termination Date.

     2.   Agreements. The Borrower, the other InaCom Entities and the Banks
hereby agree as follows:

          (a) The Obligations are secured by valid and enforceable first
priority liens and security interests granted by the InaCom Entities to the
Collateral Agent, for the rateable benefit of the Banks, upon all of the InaCom
Entities' present and future property and assets of any kind (other than real
property), including, without limitation, (i) accounts receivable, (ii)
contracts and contract rights, (iii) inventory, (iv) equipment, (v) trademarks,
service marks and trade names, together with the registrations and right to all
renewals thereof, and the goodwill symbolized by such trademarks, service marks
and trade names, (vi) patents, (vii) copyrights, (viii) computer programs and
all intellectual property rights therein and all proprietary information and
trade secrets, (ix) all other goods, general intangibles, chattel paper,
documents, stock, notes, limited liability company interests, partnership
interests, investment property, securities and instruments, and (x) all proceeds
and products of any of the foregoing (collectively, the "Collateral"). The
Obligations as of the Agreement Effective Date are not less than approximately
$115,000,000, and the Obligations and the liens and security interests of the
Collateral Agent, for the rateable benefit of the Banks, in the Collateral are
not subject to avoidance, defense, objection, action, counterclaim, setoff
(other than as permitted by Sections 3.4 or 3.5 of the Security Agreement, so
long as the Borrower gives the Collateral Agent prior notice of any setoffs or
adjustments in excess of $50,000 individually or $150,000 in the aggregate made
pursuant to such Sections) or

                                      -2-

<PAGE>

subordination. The Obligations constitute legal, valid and binding obligations
of the InaCom Entities, enforceable in accordance with the terms of the Credit
Documents and pursuant to applicable law, except as limited by applicable
bankruptcy, insolvency, reorganization, moratorium or other similar laws now or
hereafter in effect relating to or affecting creditors' rights generally, and
subject to the limitations imposed by general equitable principles (regardless
whether such enforceability is considered in a proceeding at law or in equity).
Furthermore, no InaCom Entity will use any of its cash or other assets to object
to or contest in any manner, or raise any objections, counterclaims or defenses
to, the validity, perfection, priority or enforceability of the claims or liens
of the Administrative Agent, the Collateral Agent and the Banks, or to
investigate or assert any claims or causes of action against the Administrative
Agent, the Collateral Agent or the Banks.

          (b) Subject to Section 2(f), on or about May 24, 2000, in accordance
with the terms of the Lockbox Agreements, the Collateral Agent will be
permitted, and the Borrower hereby authorizes the Collateral Agent to direct
each Lockbox Bank to transfer all Accounts Receivable Proceeds received by it
directly to the Collateral Agent for the account of the Collateral Agent and the
Banks. The Collateral Agent will initially deposit all such Accounts Receivable
Proceeds in an interest-bearing account maintained by and titled in the
Collateral Agent, for the benefit of the Collateral Agent and the Banks (the
"Collateral Account") under conditions that such amounts will be applied and
dealt with by the Collateral Agent in accordance with the provisions of this
Agreement. The amounts held in the Collateral Account from time to time shall
bear interest upon such terms as are selected by the Collateral Agent from time
to time at the wholesale money market rate of the Collateral Agent for deposits
of similar currency, amount and maturities. Unless and until applied pursuant to
this Agreement (or as otherwise agreed by the Borrower and the Required Banks),
title to the Accounts Receivable Proceeds, and any payments in respect of or
interest thereon, will remain with the Collateral Agent for the benefit of the
Banks. The interest of the InaCom Entities, if any, in and to the Accounts
Receivable Proceeds, and any payments in respect of or interest thereon, will at
all times continue to be subject to the liens and security interests and to all
of the rights and remedies of the Collateral Agent and the Banks set forth in
the Credit Documents and this Agreement. The Collateral Agent shall, from time
to time as determined by it (which may be as often as each Business Day)
withdraw all or any portion (as determined by it) of the funds in the Collateral
Account, and transfer such withdrawn funds to the Administrative Agent for
application as a payment of outstanding obligations under the Credit Agreement.
Once all Obligations required to be paid in full (including, without limitation,
interest accruing at the rate specified in the Credit Agreement after a
Bankruptcy Filing, whether or not allowed or allowable in such Bankruptcy
Filing) by the InaCom Entities pursuant to the Credit Agreement have been
indefeasably paid in full, any amounts remaining in the Collateral Account,
including interest thereon, shall be paid to the Borrower.

          (c) The Banks have been notified by the Borrower that certain monies
owing by third parties to Compaq Computer Corporation or its affiliates
("Compaq") may be paid on and after the Agreement Effective Date to a Lockbox
Bank, notwithstanding instructions to such third parties to the contrary. To the
extent such monies, if any, are paid into the Collateral Account on or after the
Agreement Effective Date (as evidenced by a notice and schedules delivered by
the Borrower to the Collateral Agent (with a copy to its financial consultant,
FTI/Policano & Manzo), which notice the Banks acknowledge the Collateral Agent
shall be

                                      -3-

<PAGE>

entitled to rely on without any independent verification), the Collateral Agent
shall promptly release such monies to the Borrower (with the Borrower retaining
responsibility for, and all liability (if any) with respect to, accounting for
such monies to Compaq). Each Bank by accepting the benefit of this Agreement
hereby remises, releases and forever discharges, and by these presents, do for
themselves and their predecessors, successors, affiliates and assigns, remise,
release and forever discharge, the officers, directors and employees of the
InaCom Entities and their agents, of and from any and all claims, manner of
actions at law or equity, all causes of action for damages, costs, expenses,
consequential or punitive damages, or any other claims, in each case, relating
in any way to the delivery of any notice referred to above or the content
thereof. If (i) the Collateral Agent fails to release amounts pursuant to the
second preceding sentence and (ii) any officer or director of any InaCom Entity
suffers any loss or liability as a result of such breach by the Collateral
Agent, then the Collateral Agent shall indemnify such officer or director for
the amount of such loss or liability, provided that (1) in no event shall the
Collateral Agent be obligated to indemnify any InaCom Entity pursuant to this
sentence and (2) the Collateral Agent's obligations under this sentence shall
not exceed (x) the amount which the Collateral Agent failed to release plus (y)
legal fees incurred by such officers and directors (after application of any
available officer's and directors' insurance) not to exceed $100,000 in the case
of this clause (y) in the aggregate for all such officers and directors.

          (d) The Borrower acknowledges that under its current arrangement with
Bank of America ("B of A") relating to the Borrower's Account No. 8188501444
(the "Specified B of A Account"), B of A has been instructed upon instructions
from the Borrower to wire to Mellon Bank on a daily basis any balance in such
Specified B of A Account in excess of $1,000,000. The Borrower agrees that
promptly following the Agreement Effective Date (and, in any event, no later
than May 30, 2000), the Borrower will irrevocably and unconditionally instruct B
of A to transfer all checks and other amounts received in the Specified B of A
Account, on each Business Day, to the Borrower's account at Mellon Bank (Account
No. 007-4624); provided that if all or any part of the $30,800,000 referred to
in Section 2(f) below is on deposit in the Specified B of A Account, prior to
giving the instruction referred to above the Borrower may, on a one-time basis
only, withdraw monies from such Specified B of A Account which are part of such
$30,800,000.

          (e) In the event that, for whatever reason, the direction to the
Lockbox Banks described in Section 2(b) above is not received in time to, or is
otherwise not effective to, ensure that all amounts received by the Lockbox
Banks on and after May 24, 2000 are transferred to the Collateral Agent, the
Borrower will deposit in the Collateral Account an amount equal to all Accounts
Receivable Proceeds received on or after May 24, 2000 and not otherwise
transferred to the Collateral Account, such amounts to be so deposited within
one Business Day following the Agreement Effective Date. In addition, if on or
after May 24, 2000 any InaCom Entity receives any cash payments belonging to any
InaCom Entity (whether consisting of payments on accounts receivable or
otherwise), such InaCom Entity shall promptly, and in any event on the later of
(i) one Business Day after the Agreement Effective Date and (ii) within one
Business Day following receipt, deposit such payments into the Collateral
Account (provided that if such payments are less than $100,000 in the aggregate
for all InaCom Entities, the InaCom Entities may retain such amounts until such
time as all such payments received and not theretofore deposited into the
Collateral Account equal or exceed $100,000, at which time all such payments
shall be required to be deposited into the Collateral Account).

                                      -4-

<PAGE>

          (f) The Borrower represents and warrants that as of the end of
business on May 23, 2000, the InaCom Entities had approximately $30,800,000 in
cash on hand in operating and disbursement accounts (the "Operating and
Disbursement Accounts") (exclusive of payroll accounts), and approximately
$16,300,000 in payroll accounts (the "Payroll Accounts"). The InaCom Entities
shall be entitled to retain all cash on deposit on such date in their Operating
and Disbursement Accounts and Payroll Accounts and shall not be required to
deposit such funds into the Collateral Account.

          (g) The InaCom Entities shall use amounts on deposit in their
Operating and Disbursement Accounts and Payroll Accounts only to pay expenses
generally in accordance with the budget set forth in Annex A attached hereto,
which budget is hereby approved by the Banks (it being understood and agreed
that (a) payroll expenses may be prefunded and (b) there may be reasonable and
moderate deviation from such budget so long as (i) the Administrative Agent is
promptly notified of any deviations and (ii) the aggregate amount expended by
the InaCom Entities during the Waiver Period does not exceed $30,800,000).

          (h) During the Waiver Period, the Borrower and the Banks will work in
good faith to negotiate a mutually acceptable budget for the InaCom Entities for
June and July, 2000, as well as mutually acceptable debtor-in-possession
financing arrangements (it being understood and agreed that prior to the date on
which any Bank provides a written commitment with respect to any such
debtor-in-possession financing, such Bank shall have no obligation to provide
any such debtor-in-possession financing).

          (i) The parties hereto agree that the sum of the aggregate principal
amount of all Revolving Loans plus the Letter of Credit Outstandings will not
exceed $112,672,000.

          (j) In order to induce the Banks to enter into this Agreement, each
InaCom Entity hereby remises, releases and forever discharges, and by these
presents do for their Subsidiaries (direct or indirect), and for themselves and
their predecessors, successors, affiliates and assigns (each a "Releasor"),
remise, release and forever discharge, the Administrative Agent, each Bank, and
their predecessors, affiliates, subsidiaries (direct or indirect), successors,
assigns, participants, officers, directors, shareholders, employees or agents,
of and from all manner of actions at law or equity, all causes of action for
damages, costs, debts, sums of money, accounts, bills, rights of indemnity,
breach of contract, provision of labor or materials, loss of use, loss of
services, expenses, compensation, consequential or punitive damages, equitable
subordination, avoidance of preferential or fraudulent transfers, or any other
thing whatever, relating in any way to (i) this Agreement, the Credit Agreement,
the Obligations or any other Credit Document, (ii) any claims (including,
without limitation, for contribution or indemnification) which have or could
have arisen out of any of the transactions contemplated by this Agreement or the
Credit Documents or any other proceedings that have been brought or may be
brought by any party hereto or to any Credit Document or any third party
relating to the Credit Documents or the transactions contemplated thereby, (iii)
any acts, transactions or events that are the subject matter of this Agreement
or the Credit Documents or (iv) the prosecution of any claims or any settlement
negotiations which such Releasor ever had, now or which it, its Subsidiaries
(direct or indirect), or its successors or assigns hereafter can, shall or may
have against the Administrative Agent, each Bank, and their predecessors,
affiliates, Subsidiaries (direct or indirect), successors, assigns,
participants, officers, directors, shareholders, employees or agents, by reason
of (with respect to

                                      -5-

<PAGE>

each of clauses (i)-(iv) above) any matter, cause or thing whatsoever on or
prior to the date hereof relating to this Agreement or the Credit Documents;
provided, however, that nothing herein shall be construed or deemed to release
(x) any covenants or agreements contained herein or in any Credit Document so
long as such Credit Document shall remain in full force and effect or (y) the
obligation, if any, of any Bank to turn over funds previously paid to it that
belong to third parties (it being understood that the Banks do not believe that
any such obligation on the part of the Banks currently exists).

          (k) The InaCom Entities shall continue to allow the Banks, their
counsel and their financial consultants access to all financial and other
information reasonably requested thereby relating to the InaCom Entities. In
addition, the Borrower shall continue to provide (i) monthly financial
statements to the Banks (as required under the Credit Agreement), and (ii)
weekly reports to the Banks containing (a) comparisons of actual to projected
cash flows; (b) rolling weekly cash flow forecasts; and (c) descriptions of
proposed asset divestitures and other significant events.

          (l) No InaCom Entity shall effect any asset sale, other than asset
sales in the ordinary course of business, unless (i) such asset sale, and the
operative and ancillary documents governing or relating to such asset sale, have
been consented to by the Required Banks and (ii) the net proceeds of such asset
sale are deposited in the Collateral Account for application in accordance with
the provisions of this Agreement.

     3.   Representations and Warranties. The Borrower hereby represents and
warrants to the Administrative Agent and the Banks that:

          (a) The execution, delivery and performance by the InaCom Entities of
this Agreement have been duly authorized by all necessary corporate and other
action and do not and will not require any registration with, consent or
approval of, notice to or action by, any Person in order to be effective and
enforceable. The Credit Documents as modified by this Agreement constitute the
legal, valid and binding obligation of the InaCom Entities, enforceable against
them in accordance with their respective terms, except as limited by applicable
bankruptcy, insolvency, reorganization, moratorium or other similar laws now or
hereafter in effect relating to or affecting creditors' rights generally, and
subject to the limitations imposed by general equitable principles (regardless
whether such enforceability is considered in a proceeding at law or in equity).

          (b) The InaCom Entities are entering into this Agreement on the basis
of their own investigation and for their own reasons, without reliance upon the
Administrative Agent, the Banks or any other Person.

     4.   Agreement Effective Date. This Agreement shall become effective as
of the date (the "Agreement Effective Date") when each of the following shall
have occurred:

               (a) Counterparts (or if elected by the Administrative Agent, an
          executed facsimile copy) of this Agreement have been executed and
          delivered to the Administrative Agent by the Borrower and the Required
          Banks;

                                      -6-

<PAGE>

               (b) the Borrower shall have delivered to White & Case LLP,
          counsel to the Administrative Agent, an amount sufficient to pay all
          outstanding invoices of White & Case LLP and to replenish the retainer
          agreed to by the Borrower and the Administrative Agent to $150,000;
          and

               (c) the Borrower shall have delivered to FTI/Policano & Manzo,
          financial consultant to White & Case LLP, an amount sufficient to pay
          all outstanding invoices of FTI/Policano & Manzo and to replenish the
          retainer agreed to by the Borrower and the Administrative Agent to
          $100,000;

          provided, however, that in no event shall the Borrower be required to
          make payments in the aggregate pursuant to Sections 4(b) and 4(c)
          above exceeding $250,000.

     5.   Reservation of Rights. Except as expressly set forth in this
Agreement, each of the undersigned acknowledges and agrees that the execution
and delivery by the Administrative Agent, the Collateral Agent and the Banks of
this Agreement shall not be deemed (i) to create a course of dealing or
otherwise obligate the Administrative Agent, the Collateral Agent or the Banks
to forbear or execute similar agreements under the same or similar circumstances
in the future, (ii) to modify, relinquish or impair any right of the
Administrative Agent, the Collateral Agent or the Banks to receive any indemnity
or similar payment from any Person or entity as a result of any matter arising
from or relating to this Agreement, (iii) to waive any right of the Banks to
receive interest at an increased rate as a result of any Events of Default that
may occur under the Credit Agreement, (iv) to obligate the Banks in any way to
forbear from individually or collectively enforcing remedies under the Credit
Agreement or (v) a commitment from any of the Banks to forbear or "stand still."
Whether the Banks continue to make Loans or issue Letters of Credit or to
forbear from enforcing collection of outstanding Loans or other indebtedness is
and shall remain wholly discretionary with the Banks. Except as expressly set
forth in this Agreement, no past or future forbearance on the part of any of the
Banks should be viewed as a limitation upon or waiver of the absolute right and
privilege of the Banks in exercising rights and remedies that currently exist or
may exist after the Agreement Effective Date.

     6.   Miscellaneous.

          (a) Except as herein expressly waived, all terms, covenants and
provisions of the Credit Agreement are and shall remain in full force and effect
and all references therein to the Credit Agreement shall henceforth refer to the
Credit Agreement as modified by this Agreement. This Agreement shall be deemed
incorporated into, and a part of, the Credit Agreement.

          (b) This Agreement shall be binding upon and inure to the benefit of
the parties hereto and their respective successors and assigns. No third party
beneficiaries are intended in connection with this Agreement.

          (c) This Agreement shall be governed by and construed in accordance
with the law of the State of New York.

                                      -7-

<PAGE>

          (d) This Agreement may be executed in any number of counterparts, each
of which shall be deemed an original, but all such counterparts together shall
constitute but one and the same instrument. Each of the parties hereto
understands and agrees that this document (and any other documents required
herein) may be delivered by any party thereto either in the form of an executed
original or an executed original sent by facsimile transmission to be followed
promptly by mailing of a hard copy original, and that receipt by the
Administrative Agent of a facsimile transmitted document purportedly bearing the
signature of a Bank or the Borrower shall bind such Bank or the Borrower,
respectively, with the same force and effect as the delivery of a hard copy
original. Any failure by the Administrative Agent to receive the hard copy
executed original of such document shall not diminish the binding effect of
receipt of the facsimile transmitted executed original of such document of the
party whose hard copy page was not received by the Administrative Agent.

          (e) This Agreement, together with the Credit Agreement and the Credit
Documents, contains the entire and exclusive agreement of the parties hereto
with reference to the matters discussed herein and therein. This Agreement
supersedes all prior drafts and communications with respect thereto. This
Agreement may not be amended except in accordance with the provisions of Section
12.12 of the Credit Agreement.

          (f) If any term or provision of this Amendment shall be deemed
prohibited by or invalid under any applicable law, such provision shall be
invalidated without affecting the remaining provisions of this Agreement or the
Credit Agreement, respectively.

          (g) The Borrower covenants to pay to or reimburse the Administrative
Agent, upon demand, for all reasonable costs and expenses (including allocated
costs of in-house counsel) actually incurred by the Administrative Agent in
connection with the development, preparation, negotiation, execution, delivery,
administration and enforcement of this Agreement. In addition, the Borrower
covenants to pay to or reimburse the Administrative Agent, upon demand, for all
fees, costs and disbursements of White & Case LLP and FTI/Policano & Manzo
incurred in connection with this Agreement and the Credit Documents, and to
replenish all retainers for White & Case LLP and FTI/Policano & Manzo as
previously agreed by the Borrower.

          (h) Each of the undersigned InaCom Entities acknowledges and agrees
that all of the guarantees and security provided by it to or for the benefit of
any one or more of the Administrative Agent, the Collateral Agent and the Banks
in connection with, or otherwise applicable to, the debts and liabilities of
itself or the Borrower to any one or more of the Administrative Agent, the
Collateral Agent and the Banks under, in connection with or with respect to any
one or more of the Credit Agreement and the other Credit Documents are hereby
ratified and confirmed and remain in full force and effect.

                                      * * *

                                      -8-

<PAGE>

          IN WITNESS WHEREOF, the parties hereto have executed and delivered
this Agreement as of the date first above written.

                                        INACOM CORP.

                                        By: /s/ Thomas Fitzpatrick
                                            ------------------------------
                                            Title: CFO

<PAGE>

                                        DEUTSCHE BANK AG, NEW YORK
                                        BRANCH, as Administrative Agent and as
                                        Collateral Agent

                                        By: /s/ Robert Wood
                                            ------------------------------
                                            Title: Director

                                        By: /s/ Margaret S. Cheever
                                            ------------------------------
                                            Title: Managing Director

                                        DEUTSCHE BANK AG, NEW YORK
                                        BRANCH AND/OR CAYMAN ISLAND
                                        BRANCH

                                        By: /s/ Robert Wood
                                            ------------------------------
                                            Title: Director

                                        By: /s/ Margaret S. Cheever
                                            ------------------------------
                                            Title: Managing Director

<PAGE>

                                        IBM CREDIT CORPORATION,
                                        Individually and as Documentation Agent

                                        By: /s/ Philip Morse
                                            ------------------------------
                                            Title: Director Commercial &
                                                   Special Financing of
                                                   Americas

<PAGE>

                                        CREDIT LYONNAIS
                                        CHICAGO BRANCH

                                        By: /s/ John-Charles Van Essche
                                            ------------------------------
                                            Title: Vice President

<PAGE>

                                        BANK OF NOVA SCOTIA

                                        By: /s/ Daniel Costigan
                                            ------------------------------
                                            Title: Director

<PAGE>

                                        FLEET NATIONAL BANK

                                        By: /s/ Sandra Bennett
                                            ------------------------------
                                            Title: Senior Vice President

<PAGE>

                                        ABN AMRO BANK, N.V.

                                        By: /s/ Steven C.  Wimpenny
                                            ------------------------------
                                            Title: Group Senior Vice President

                                        By: /s/ William J. Teresky, Jr.
                                            ------------------------------
                                            Title: Vice President

<PAGE>

                                        TRANSAMERICA COMMERCIAL
                                        FINANCE CORPORATION

                                        By: /s/ Christopher C. Meals
                                            ------------------------------
                                            Title: Senior Vice President and
                                                   CCO

<PAGE>

                                        U.S. BANK NATIONAL ASSOCIATION

                                        By: /s/ [Signature Illegible]
                                            ------------------------------
                                            Title: Vice President

<PAGE>

Acknowledged and Agreed:

SUBSIDIARY GUARANTORS:
----------------------

INACOM TENNESSEE, INC.
INACOM COMMUNICATIONS, INC.
INACOMP FINANCIAL SERVICES, INC.
INACOM INTERNATIONAL, INC.
INACOM SOLUTIONS, INC.
PERIGEE COMMUNICATIONS, INC.
GORHAM CLARK, INC.
KURE ASSOCIATES, INC.
NETWORKS, INC.
BOSTON COMPUTER EXCHANGE
CORPORATION
PC TECHNICAL SERVICES, INC.
INACOM PROFESSIONAL SERVICES, INC.
INACOM FINANCE CORP.
OFFICE PRODUCTS OF MINNESOTA, INC.
VANSTAR CORPORATION
INACOM LATIN AMERICA
COMPUTERLAND INTERNATIONAL DEVELOPMENT, INC.
COMPUTER PORT WORLD TRADE, INC.
VANSTAR INTERNATIONAL CORPORATION
VST WEST, INC.
VST ILLINOIS, INC.
VSTNC, INC.
CIAND TEX, INC.
INACOM GOVERNMENT SYSTEMS, INC.
CONTRACT DATA, INC.
COMPUTER PROFESSIONALS, INC.
VANSTAR PROFESSIONAL TECHNICAL RESOURCES, INC.

By: /s/ Thomas Fitzpatrick
    ------------------------------
Name:  Thomas Fitzpatrick
Title: Chief Financial Officer

<PAGE>

                                CRITICAL PAYMENTS
                                -----------------

              Expense                                     Amount
              -------                                     ------

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