Document:

<PAGE>

                      SECOND AMENDMENT TO LOAN INSTRUMENTS

         This SECOND AMENDMENT TO LOAN INSTRUMENTS (this "AMENDMENT"), dated as
of September 27, 2000, is between AQUIS WIRELESS COMMUNICATIONS, INC., a
Delaware corporation ("BORROWER"), and FINOVA CAPITAL CORPORATION, a Delaware
corporation ("FINOVA"), in its individual capacity and as agent for all Lenders
(this and all other capitalized terms used but not elsewhere defined herein are
defined in Section 2 below).

                                 R E C I T A L S

         A. Borrower and FINOVA entered into an Amended and Restated Loan
Agreement dated as of January 31, 2000 (the "ORIGINAL LOAN AGREEMENT"), as
amended by a First Amendment to Loan Instruments dated as of April 12, 2000 (the
"FIRST AMENDMENT") between Borrower and FINOVA, pursuant and subject to the
terms and conditions of which Lenders agreed to make loans and other financial
accommodations to Borrower. The Original Loan Agreement, as amended by the First
Amendment, is referred to herein as the Loan Agreement.

         B. Borrower has requested that FINOVA agree to make certain amendments
to the Loan Agreement.

         C. FINOVA is willing to agree to such request of Borrower on the terms
and conditions set forth herein.

         NOW, THEREFORE, in consideration of the mutual agreements contained
herein, Borrower and FINOVA agree as follows:

         1.       INCORPORATION OF RECITALS. The Recitals set forth above are
incorporated herein, are acknowledged by Borrower, Agent and Lenders to be true
and correct and by this reference are made a part hereof.

         2.       DEFINITIONS. All capitalized terms used but not elsewhere
defined herein shall have the respective meanings ascribed to such terms in the
Loan Agreement, as amended by this Amendment.

         3.       AMENDMENTS TO LOAN INSTRUMENTS. The Loan Instruments are
amended as set forth below:

                  (a)      SECTION 1.1 - AMENDED DEFINITIONS. Section 1.1 of
         the Loan Agreement is amended by deleting the current versions of the
         following definitions and substituting the following versions of such
         definitions in appropriate alphabetical order:

                  (b)      SECTION 1.1 - ADDITIONAL DEFINITIONS. Section 1.1
         of the Loan Agreement is amended by inserting the following definitions
         in appropriate alphabetical order: "DEFERRAL FEE: as defined in
         subsection 2.7.12.

<PAGE>

                           "EQUITY LINE OF CREDIT: a line of credit of up to
                  $20,000,000 available to Aquis Group pursuant to the Loan
                  Agreement dated as of March 31, 2000 between Aquis Group and
                  the lenders signatory thereto.

                           "INCOMING  COO:  the Chief  Operating  Officer of
                  Borrower, who shall be an individual reasonably acceptable to
                  Agent.

                           "REGISTRATION  STATEMENT:  the Form S-1 Registration
                  Statement of Aquis Group filed with the Securities and
                  Exchange Commission on September 27, 2000.

                           "SECOND  AMENDMENT:  the Second Amendment to Loan
                  Instruments dated as of September 27, 2000 between Borrower
                  and FINOVA."

                  (c)      SUBSECTION 2.2.5. The following subsection 2.2.5
         is added to the Loan Agreement immediately following subsection 2.2.4:

                           "2.2.5 INTEREST RATE IF EQUITY LINE OF CREDIT PAYMENT
                           IS NOT MADE. If the payment required pursuant to
                           subsection 2.8.2(c) is not made on or before December
                           31, 2000, then commencing on January 1, 2001,
                           Borrower's Obligations shall bear interest at a rate
                           equal to, with respect to (i) the Base Rate Portion
                           and all other Borrower's Obligations other than the
                           SourceOne Base Rate Portion, LIBOR Loans and
                           SourceOne LIBOR Loans, a per annum rate equal to the
                           Base Rate in effect from time to time plus the
                           Applicable Margin plus 2.0% per annum, (ii) each
                           LIBOR Loan, a per annum rate equal to the LIBOR Rate
                           applicable thereto plus the Applicable Margin plus
                           2.0% per annum, (iii) the SourceOne Base Rate
                           Portion, a per annum rate equal to the Base Rate in
                           effect from time to time plus the SourceOne
                           Applicable Margin and (iv) each SourceOne LIBOR Loan,
                           a per annum rate equal to the LIBOR Rate applicable
                           thereto plus the SourceOne Applicable Margin plus
                           2.0% per annum."

                  (d)      SUBSECTION 2.4.2. Subsection 2.4.2 is deleted in its
         entirety and the following is substituted therefor:

                           "2.4.2 PRINCIPAL. The Principal Balance shall be
                           payable in consecutive quarterly installments on the
                           first Business Day of each quarter commencing with
                           the quarter beginning July 1, 2000. Each such
                           installment shall be (i) in an amount equal to the
                           percentage of the Principal Balance as of June 30,
                           2000 set forth below opposite the quarter in which
                           such payment is due and (ii) applied first, to the
                           Existing Principal Balance and then to the SourceOne
                           Principal Balance, except that the Special Prepayment
                           shall be applied first to the SourceOne Portion and
                           then to the Existing Principal Balance:

<PAGE>

                                                      PERCENTAGE OF PRINCIPAL
                           QUARTER BEGINNING        BALANCE AS OF JUNE 30, 2000
                           -----------------        ---------------------------

                           July 1, 2000                   $132,572.50
                           October 1, 2000                $132,572.50
                           January 1, 2001                $514,381.30
                           April 1, 2001                  $514,381.30
                           July 1, 2001                   $514,381.30
                           October 1, 2001                $514,381.30
                           January 1, 2002                $829,903.85
                           April 1, 2002                  $829,903.85
                           July 1, 2002                   $829,903.85
                           October 1, 2002                $829,903.85
                           January 1, 2003                $928,007.50
                           April 1, 2003                  $928,007.50
                           July 1, 2003                   $928,007.50
                           October 1, 2003                $928,007.50;

                           provided, however, that Borrower may elect to pay
                           $200,000 in satisfaction of its July 1, 2001 payment
                           (instead of the amount of $514,381.30, which would be
                           due absent such election) provided that Borrower (i)
                           makes such principal payment on such date and (ii)
                           such principal payment is accompanied by the Deferral
                           Fee required pursuant to 2.7.12. The unpaid Principal
                           Balance, together with all accrued and unpaid
                           interest thereon and all other sums which then are
                           due and payable pursuant to the terms of the Loan
                           Instruments, shall be due and payable in full on the
                           Maturity Date."

                  (E)      SECTION 2.7. Section 2.7 is deleted in its entirety
         and the following is substituted therefor:

                           "2.7     FEES.

                                    "2.7.1 SOURCEONE LOAN FEE. Borrower paid to
                           Lenders a loan fee in the amount of $100,000 (the
                           "SourceOne Loan Fee") upon the Closing. The SourceOne
                           Loan Fee was fully earned as of the Closing.

                                    "2.7.2 SECOND AMENDMENT FEE. Borrower shall
                           pay to Lenders a fee in the amount of $100,000 on the
                           date of the Second Amendment, which fee shall be in
                           consideration of FINOVA's agreement to enter into the
                           Second Amendment.

                                    "2.7.3 JUNE 30, 2000 FEE. The Senior
                           Leverage Ratio as of June 30, 2000 was equal to or
                           greater than 4.00. Consequently, pursuant to the
                           terms of the First Amendment, a fee of $75,000 is due
                           and payable from Borrower to FINOVA.

<PAGE>

                                    "2.7.4 SEPTEMBER 30, 2000 FEE. If the Senior
                           Leverage Ratio as of September 30, 2000 is equal to
                           or greater than 4.90, Borrower shall pay to FINOVA a
                           fee of $100,000 on such date. If the Senior Leverage
                           Ratio as of September 30, 2000 is less than 4.90 but
                           equal to or greater than 3.75, Borrower shall pay to
                           FINOVA a fee of $75,000 on such date.

                                    "2.7.5 DECEMBER 31, 2000 FEE. If the Senior
                           Leverage Ratio as of December 31, 2000 is equal to or
                           greater than 4.20, Borrower shall pay to FINOVA a fee
                           of $100,000 on such date. If the Senior Leverage
                           Ratio as of December 31, 2000 is less than 4.20 but
                           greater than or equal to 3.50, Borrower shall pay to
                           FINOVA a fee of $75,000 on such date.

                                    "2.7.6 MARCH 31, 2001 FEE. Borrower shall
                           pay to FINOVA a fee of $75,000 on March 31, 2001 if
                           the Senior Leverage Ratio as of such date is equal to
                           or greater than 3.25. In addition to the fee
                           described in the preceding sentence, Borrower shall
                           pay to FINOVA a fee of $250,000 on the Maturity Date
                           if, as of March 31, 20001, any one or more of the
                           following events occur: (i) the Senior Leverage Ratio
                           as of such date is equal to or greater than 5.06,
                           (ii) the Total Leverage Ratio is equal to or greater
                           than 5.30 or (iii) the Senior Debt Service Coverage
                           Ratio is equal to or less than 1.64.

                                    "2.7.7 JUNE 30, 2001 FEE. Borrower shall pay
                           to FINOVA a fee of $75,000 on June 30, 2001 if the
                           Senior Leverage Ratio as of such date is equal to or
                           greater than 3.25. In addition to the fee described
                           in the preceding sentence, Borrower shall pay to
                           FINOVA a fee of $250,000 on the Maturity Date if, as
                           of June 30, 2000, any one or more of the following
                           events occur: (i) the Senior Leverage Ratio as of
                           such date is equal to or greater than 5.00, (ii) the
                           Total Leverage Ratio is equal to or greater than 5.25
                           or (iii) the Senior Debt Service Coverage Ratio is
                           equal to or less than 1.35.

                                    "2.7.8 SEPTEMBER 30, 2001 FEE. Borrower
                           shall pay to FINOVA a fee of $75,000 on September 30,
                           2001 if the Senior Leverage Ratio as of such date is
                           equal to or greater than 3.25. In addition to the fee
                           described in the preceding sentence, Borrower shall
                           pay to FINOVA a fee of $250,000 on the Maturity Date
                           if, as of September 30, 2001, any one or more of the
                           following events occur: (i) the Senior Leverage Ratio
                           as of such date is equal to or greater than 4.25,
                           (ii) the Total Leverage Ratio is equal to or greater
                           than 4.50 or (iii) the Senior Debt Service Coverage
                           Ratio is equal to or less than 1.35.

                                    "2.7.9 JULY 1, 2001 DEFERRAL FEE. If,
                           pursuant to subsection 2.4.2, Borrower elects to
                           defer a portion of the principal payment due on

<PAGE>

                           July 1, 2001, Borrower shall pay on such date a fee
                           (the "Deferral Fee") in the amount of $75,000."

                                    "2.7.10 EQUITY LINE OF CREDIT PAYMENT FEE.
                           If Borrower fails to make the payment required
                           pursuant to subsection 2.8.2(c) on or before December
                           31, 2000, Borrower shall pay on the Maturity Date a
                           fee in the amount of $500,000."

                  (f)      SUBSECTION 2.8.2(C). Subsection 2.8.2(c) is deleted
         in its entirety and the following is substituted therefor:

                           "(c) EQUITY LINE OF CREDIT PAYMENT. Borrower shall
                           prepay the Principal Balance in the amount of
                           $2,000,000 on or before December 31, 2000, provided
                           that the proceeds of the SunStar Transfer were not
                           used to prepay the Principal Balance as provided in
                           Section 6.17."

                  (g)      SECTION 6.15. Section 6.15 is deleted in its
         entirety and the following is substituted therefor:

                           "6.15    DELETED."

                  (h)      SECTION 6.17. Section 6.17 is added to the Loan
         Agreement immediately following 6.16:

                           "6.17 REQUIRED SUNSTAR TRANSFER. If the Senior
                  Leverage Ratio as of June 30, 2000 equals or exceeds 4.00, (i)
                  consummate the SunStar Transfer on or before October 31, 2000
                  on terms and conditions, including cash purchase price,
                  reasonably acceptable to FINOVA and (ii) prepay the Principal
                  Balance by an amount equal to the greater of the SunStar
                  Proceeds or $2,000,000, on a date which is within 10 Business
                  Days after the Effective Date of the Second Amendment, unless
                  Aquis Group has filed the Registration Statement on or before
                  such date."

                  (i)      SECTION 7.18. Subsection 7.18 of the Loan Agreement
         is deleted in its entirety and the following is substituted therefor:

                           "7.18 SENIOR LEVERAGE RATIO. Permit the Senior
         Leverage Ratio as of such date to be greater than the amount set forth
         opposite such date:

                           DATE                              AMOUNT
                           ----                              ------
                           September 30, 2000                 5.59
                           December 31, 2000                  5.16
                           March 31, 2001                     5.19
                           June 30, 2001                      5.42
                           September 30, 2001                 5.66
                           December 31, 2001                  3.00
<PAGE>

                           DATE                              AMOUNT
                           ----                              ------
                           March 31, 2002                     2.75
                           June 30, 2002                      2.75
                           September 30, 2002                 2.75
                           December 31, 2002                  2.50
                           March 31, 2003                     2.50
                           June 30, 2003                      2.50
                           September 30, 2003                 2.50
                           December 31, 2003                  2.50"

                  (j)      SECTION 7.19. Section 7.19 of the Loan Agreement is
         deleted in its entirety and the following is substituted therefor:

                           "7.19 SENIOR DEBT SERVICE COVERAGE RATIO. Permit the
         Senior Debt Service Coverage Ratio as of any date set forth below to be
         less than the amount set forth below opposite such date:

                           DATE                              AMOUNT
                           ----                              ------
                           September 30, 2000                 1.61
                           December 31, 2000                  1.64
                           March 31, 2001                     1.36
                           June 30, 2001                      1.12
                           September 30, 2001                 1.05
                           December 31, 2001                  2.25
                           March 31, 2002                     2.00
                           June 30, 2002                      2.00
                           September 30, 2002                 2.00
                           December 31, 2002                  2.00
                           March 31, 2003                     1.90
                           June 30, 2003                      1.90
                           September 30, 2003                 1.90
                           December 31, 2003                  1.90"

                  (k)      SECTION 7.20. Subsection 7.20 of the Loan Agreement
         is deleted in its entirety and the following is substituted therefor:

<PAGE>

                           "7.20 TOTAL LEVERAGE RATIO. Permit the Total Leverage
         Ratio as of such date to be greater than the amount set forth opposite
         such date:

                           DATE                              AMOUNT
                           ----                              ------
                           September 30, 2000                 5.80
                           December 31, 2000                  5.34
                           March 31, 2001                     5.36
                           June 30, 2001                      5.59
                           September 30, 2001                 5.83
                           December 31, 2001                  3.25
                           March 31, 2002                     3.00
                           June 30, 2002                      3.00
                           September 30, 2002                 3.00
                           December 31, 2002                  2.75
                           March 31, 2003                     2.75
                           June 30, 2003                      2.75
                           September 30, 2003                 2.75
                           December 31, 2003                  2.75"

                  (l)      SECTION 8.1.1. Section 8.1.1 is deleted in its
         entirety and the following is substituted therefor:

                           "8.1.1 DEFAULT IN PAYMENT. If Borrower shall fail to
                  pay all or any portion of Borrower's Obligations when the same
                  become due and payable, except that Borrower's failure to make
                  the payment required pursuant to subsection 2.8.2(c) shall not
                  result in an Event of Default but shall result in the exercise
                  by Lenders of the remedies set forth in subsections 2.2.5 and
                  2.7.10."

                  (m)      SECTION 8.1.11. Section 8.1.11 is deleted in its
         entirety and the following is substituted therefor:

                           "8.1.11 CHANGE IN CONTROL. If (i) John B. Frieling
                  shall cease to serve as Chief Executive Officer of Borrower,
                  (ii) Borrower shall have failed to employ the Incoming COO by
                  October 22, 2000 or the Incoming COO shall have failed to
                  begin his full-time employment by such date, (iii) the
                  Incoming COO shall cease to devote his full business time and
                  effort to the day to day operational management of the Systems
                  and Paging Business of Borrower existing as of the Effective
                  Date of the Second Amendment, or (iv) any "person" or "group"
                  (as such terms are used for purposes of Sections 13(d) and
                  14(d) of the Securities Exchange Act, whether or not
                  applicable) is or becomes the "beneficial owner" (as such term
                  is used in Rules 13d-3 and 13d-5 under the Securities Exchange
                  Act, whether or not applicable, except that a "person" shall
                  be deemed to have "beneficial ownership" of all shares that
                  any such person has the right to acquire, whether such right
                  is exercisable immediately or only after the passage of time),
<PAGE>

                  directly or indirectly (including as a result of a merger or
                  consolidation), of more than 30% of the total voting power in
                  the aggregate of all classes of capital stock of Aquis Group
                  then outstanding normally entitled to vote in elections of
                  directors (but excluding from the percentage of voting power
                  held by any group the voting power of shares owned by the
                  Management Holders and their Related Parties who are deemed to
                  be members of the group, provided that such Management Holders
                  and Related Parties beneficially own a majority of the total
                  voting power of capital stock held by such group), if at such
                  time the Management Holders and their Related Parties together
                  shall fail to beneficially own, directly or indirectly,
                  securities representing at least the same percentage of the
                  combined voting power of such capital stock as the percentage
                  "beneficially owned" by such person or group.

         4. CONDITIONS TO EFFECTIVENESS. The effectiveness of this Amendment
shall be subject to the satisfaction of all of the following conditions in a
manner, form and substance reasonably satisfactory to FINOVA:

                  (a) DELIVERY OF DOCUMENTS. The following shall have been
         delivered to FINOVA, each duly authorized and executed:

                           (1) this Amendment;

                           (2) a good standing certificate for Borrower from the
                  Secretary of State of Delaware;

                           (3) certified copies of (i) any amendments to the
                  articles of incorporation of Borrower since April 12, 2000,
                  certified by the Secretary of State of Delaware; (ii) any
                  amendments to the by-laws of Borrower since April 12, 2000,
                  certified as of the date of this Amendment by the secretary of
                  Borrower and (iii) resolutions adopted by the board of
                  directors of Borrower authorizing the execution and delivery
                  of this Amendment;

                           (4) such other documents, agreements, opinions and
                  consents as FINOVA reasonably may request.

                  (b) OPINION OF COUNSEL. Agent shall have received an opinion
         of counsel dated the date hereof from Buchanan Ingersoll Professional
         Corporation, in such form and covering such matters as Agent reasonably
         may require.

                  (c) MODIFICATION FEE. FINOVA shall have received a
         modification fee in the amount of $100,000, due and payable upon the
         date of this Amendment, in consideration of the agreement of Lenders to
         enter into this Amendment. Such modification fee shall be deemed to be
         fully earned as of the date hereof.

<PAGE>

         Upon the satisfaction of conditions set forth in this Paragraph 4, this
Amendment shall be effective as of the date set forth in the preamble hereto and
such date shall be referred to herein as the "Effective Date."

         5. POST-CLOSING DELIVERIES. Within 3 Business Days of the filing
thereof with the Securities and Exchange Commission, Borrower will cause Aquis
Group to deliver to FINOVA a copy of the Registration Statement, certified as a
true, correct and complete copy by an authorized officer of Aquis Group.

         6. REFERENCES. From and after the Effective Date all terms used in the
Loan Instruments which are defined in the Loan Agreement shall be deemed to
refer to such terms as amended by this Amendment.

         7. REPRESENTATIONS AND WARRANTIES. Borrower hereby confirms to Agent
and Lenders that the representations and warranties set forth in the Loan
Instruments, as amended by this Amendment, to which any Obligor is a party are
true and correct in all material respects as of the date hereof, and shall be
deemed to be remade as of the date hereof. Borrower represents and warrants to
Agent and Lenders that (i) Borrower has full power and authority to execute and
deliver this Amendment and to perform its obligations hereunder, (ii) upon the
execution and delivery hereof, this Amendment will be valid, binding and
enforceable upon Borrower in accordance with its terms, (iii) the execution and
delivery of this Amendment does not and will not contravene, conflict with,
violate or constitute a default under (A) its articles of incorporation or
by-laws or (B) any applicable law, rule, regulation, judgment, decree or order
or any agreement, indenture or instrument to which Borrower is a party or is
bound or which is binding upon or applicable to all or any portion of Borrower's
Property and (iv) as of the date hereof no Incipient Default or Event of Default
exists.

         8. COSTS AND EXPENSES; MODIFICATION FEE. Borrower agrees to reimburse
Agent for all fees and expenses incurred in the preparation, negotiation and
execution of this Amendment and the consummation of the transactions
contemplated hereby, including, without limitation, the fees and expenses of
counsel for Agent.

         9. NO FURTHER AMENDMENTS; RATIFICATION OF LIABILITY. Except as amended
hereby, the Loan Agreement and each of the other Loan Instruments shall remain
in full force and effect in accordance with its respective terms. Borrower
hereby ratifies and confirms its liabilities, obligations and agreements under
the Loan Agreement and the other Loan Instruments, all as amended by this
Amendment, and the Liens created thereby, and acknowledges that (i) it has no
defenses, claims or set-offs to the enforcement by Agent and Lenders of such
liabilities, obligations and agreements, (ii) Agent and Lenders have fully
performed all obligations to Borrower which any such Person may have had or has
on and as of the date hereof and (iii) other than as specifically set forth
herein, neither Agent nor any Lender waives, diminishes or limits any term or
condition contained in the Loan Agreement or the other Loan Instruments. Agent
and Lenders' agreement to the terms of this Amendment or any other amendment of
the Loan Agreement shall not be deemed to establish or create a custom or course
of dealing among Agent, Lenders and Borrower. The Loan Instruments, as amended
by this

<PAGE>

Amendment, contain the entire agreement among Agent, Lenders and Borrower with
respect to the transactions contemplated hereby.

         10. COUNTERPARTS. This Amendment may be executed in one or more
counterparts, each of which shall be deemed an original, and all of which, when
taken together, shall constitute one and the same instrument.

         11. FURTHER ASSURANCES. Borrower covenants and agrees that it will at
any time and from time to time do, execute, acknowledge and deliver, or will
cause to be done, executed, acknowledged and delivered, all such further acts,
documents and instruments as reasonably may be required by Agent and Lenders in
order to effectuate fully the intent of this Amendment.

         12. SEVERABILITY. If any term or provision of this Amendment or the
application thereof to any party or circumstance shall be held to be invalid,
illegal or unenforceable in any respect by a court of competent jurisdiction,
the validity, legality and enforceability of the remaining terms and provisions
of this Amendment shall not in any way be affected or impaired thereby, and the
affected term or provision shall be modified to the minimum extent permitted by
law so as most fully to achieve the intention of this Amendment.

         13. CAPTIONS. The captions in this Amendment are inserted for
convenience of reference only and in no way define, describe or limit the scope
or intent of this Amendment or any of the provisions hereof.

                [remainder of this page intentionally left blank]

<PAGE>

           IN WITNESS WHEREOF, this Amendment has been executed and delivered
by each of the parties hereto by a duly authorized officer of each such party
on the date first set forth above.

                                    AQUIS WIRELESS COMMUNICATIONS,
                                    INC., a Delaware corporation

                                    By:      /s/ JOHN B. FRIELING
                                       -----------------------------------
                                             John B. Frieling
                                             Chief Executive Officer

                                    FINOVA CAPITAL CORPORATION, a
                                    Delaware corporation

                                    By:      /s/ ANDREW J. PLUTA
                                       -----------------------------------
                                             Andrew J. Pluta
                                             Vice President<PAGE>

                                                                   EXHIBIT 10.32

                    SEPARATION AGREEMENT AND WAIVER OF CLAIMS

         THIS AGREEMENT AND WAIVER OF CLAIMS (hereinafter "Agreement") is
made and entered into by and between Nick Catania ("Employee"), and Aquis
Communications Group Inc.("Aquis" or "Employer"). Employer and Employee may
also be referred to collectively as "the Parties."

                                   WITNESSETH

         WHEREAS, the Employer and the Employee have agreed that the
Employee's employment should be separated,

         WHEREAS, the Employee and the Employer have agreed upon mutual terms
and conditions attendant to such separation and have considered the terms and
obligations under a certain employment agreement ("Employment Contract")
between the Parties dated January 4, 2000, and an option agreement (Option
Agreement) and an addendum/amendment to such Option Agreement and the
Employment Agreement, and

         WHEREAS, the Parties agree that this document shall serve as the
required written notice under 2 (C) of the Employment Contract, and

         WHEREAS, the Parties wish to resolve all differences and outstanding
issues between them subject to the terms and conditions set forth herein.

         NOW, THEREFORE, in consideration of the mutual promises herein
contained, and intending to be legally bound hereby, it is agreed as follows:

1.      The Employee will continue to receive wages as set forth in the
Employment Contract until the end of the Employment Contract term of December
31, 2000, at the same time that the Employer pays its regular workforce. All
amounts paid will be

<PAGE>

considered wages and the gross amount will be reduced by appropriate tax
deductions such as state federal and/or local taxes and applicable FICA/FUTA,
hereinafter "Separation Amount." The Employee and his family shall receive
continuation of health care benefits, paid by Employer, through June 30, 2001,
consistent with the existing health care benefits received by Employee. The
Employer also shall reimburse the Employee for all reasonable documented
out-of-pocket expenses incurred by the Employee (including reasonable counsel
fees) in connection with his separation of employment and this Agreement.

2.       The Employer acknowledges and confirms that the Employee is vested with
respect to the option (the "Option") to purchase 300,000 shares (the "Vested
Shares") of the Company's Common Shares at an option price of seventy-five cents
($0.75) per share granted pursuant to the Stock Option Agreement between the
Employer and the Employee and that the Option is fully exercisable in accordance
with the Stock Option Agreement as amended hereby. Within 30 days of this
Agreement, the Employer shall file an appropriate registration statement with
the Securities and Exchange Commission covering the purchase by the Employee of
all or any of the Vested Shares pursuant to the exercise of all or any portion
of the Option. The Employer shall take such further action as shall be necessary
to cause the registration statement to become effective and remain so until the
Option is exercised or expires. Further, and notwithstanding any provisions to
the contrary in Company's Stock Option Plan or in any agreements between the
Employer and the Employee, the Employee shall have five (5) years from the date
the registration statement covering the Vested Shares becomes effective to
exercise the Option and purchase the

                                       2
<PAGE>

Vested Shares and the Stock Option Agreement shall and hereby is amended to
reflect the foregoing.

3.       The Parties agree that a Press Release in the form of Exhibit A
attached hereto will be jointly issued by the Parties, and the Parties
contemplate that it is likely, given the timing of events, that the press
release issuance shall occur prior to the execution of this Agreement. If the
press release is issued before the execution and the period for revocation
occurs, the Parties agree that neither shall perform any act that shall negate
or call into question the contents of the release. However, if the parties are
unable to agree on this Agreement or an execution does not occur or the executed
document is revoked within the time frame permitted, the parties agree that each
may make their own statement to the press. The Parties agree that an agreement
on the content of a press release and the issuing of a joint press release has
great value for each of them.

         The Employee agrees that some of the benefits contained and provided
for herein represent sums of money and services that the Employee is entitled to
receive only by virtue of the execution of this Agreement. Employee acknowledges
that the foregoing consideration is provided by the Employer in exchange for his
waiver of claims and other covenants and promises as outlined below and is in
addition to anything of value to which the Employee is already entitled.

4.       As a material inducement for the Employer to enter into this Agreement,
Employee hereby agrees, acknowledges and promises to forego and waive any and
all rights he may have to file a claim, action, complaint, controversy, cause of
action, lawsuit, charge, complaint, suit, demand or petition ("claim" or
"claims") in a court of law against the

                                       3

<PAGE>

Employer, the Employer's owners, stockholders, predecessors, successors,
assigns, agents, directors, officers, current and former employees,
representatives, attorneys, divisions, groups, subsidiaries, affiliates and
parent companies, as well as any parent companies' owners, stockholders,
predecessors, successors, assigns, agents, directors, officers, current and
former employees, representatives, attorneys, divisions, groups, subsidiaries
and affiliates, and all persons acting by, through, under, or in concert with
any of them, or any of them, (collectively, "Releasees") for any rights, claims
or entitlements Employee claims to have against the Employer and/or Releasees,
known and/or unknown, choate and/or inchoate, which Employee may now have, own,
or hold, or claim to have, own or hold, or which Employee at any time heretofore
had, owned or held, or claimed to have, owned, or held, or which Employee at any
time may have, own, or hold, or claim to have, own or hold against the employer
and/or Releasees, from the beginning of time to the date of this Agreement, by
reason of any claims arising from or related to Employee's employment
relationship with the Employer or otherwise, any affiliate of the Employer
and/or Releasees, and termination of that employment relationship and any
matters or allegations or otherwise, including any claims arising from any
alleged violation by Releasees of any federal, state or local statutes,
regulations, ordinances or common law causes of action in law and in equity,
(and all associated claims for attorneys' fees) including but not limited to:

I.       THE FEDER AL AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967, AS
         AMENDED, WHICH, AMONG OTHER THINGS, PROHIBITS DISCRIMINATION IN
         EMPLOYMENT ON ACCOUNT OF A PERSON'S AGE;

II.      TITLE VII OF THE CIVIL RIGHTS ACT OF 1964, AS AMENDED, WHICH, AMONG
         OTHER THINGS, PROHIBITS DISCRIMINATION IN EMPLOYMENT ON ACCOUNT OF A
         PERSON'S RACE, COLOR, RELIGION, SEX, OR NATIONAL ORIGIN;

                                       4

<PAGE>

III.     42 U.S.C. SECTION 1981, AS AMENDED, WHICH, AMONG OTHER THINGS,
         PROHIBITS CERTAIN RACE DISCRIMINATION;

IV.      THE FEDERAL EQUAL PAY ACT OF 1963, WHICH, AMONG OTHER THINGS,
         PROHIBITS, UNDER CERTAIN CIRCUMSTANCES, DISCRIMINATION IN PAY ON THE
         BASIS OF SEX;

V.       THE FEDERAL EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS
         AMENDED, WHICH, AMONG OTHER THINGS, REGULATES PENSION AND WELFARE PLANS
         AND, WHICH, AMONG OTHER THINGS, PROHIBITS INTERFERENCE WITH INDIVIDUAL
         RIGHTS PROTECTED UNDER THE STATUTE;

VI.      THE AMERICANS WITH DISABILITIES ACT, AS AMENDED, WHICH, AMONG OTHER
         THINGS, PROHIBITS DISCRIMINATION RELATING TO EMPLOYMENT ON ACCOUNT OF A
         PERSON'S HANDICAP OR DISABILITY;

VII.     THE FAMILY AND MEDICAL LEAVE ACT, WHICH, AMONG OTHER THINGS, PROHIBITS
         TAKING ADVERSE EMPLOYMENT ACTIONS AGAINST ELIGIBLE EMPLOYEES TAKING
         LEAVE FROM WORK FOR THE BIRTH AND CARE OF A CHILD; PLACEMENT OF AN
         ADOPTED OR FOSTER CHILD; THE CARE OF A PARENT, SPOUSE OR CHILD WITH A
         SERIOUS HEALTH CONDITION; OR THE CARE OF THE EMPLOYEE'S OWN SERIOUS
         HEALTH CONDITION;

VIII.    EXECUTIVE ORDER 11246 (APPLICABLE TO FEDERAL GOVERNMENT CONTRACTORS AND
         SUBCONTRACTORS), WHICH, AMONG OTHER THINGS, REQUIRES AFFIRMATIVE ACTION
         FOR AND PROHIBITS DISCRIMINATION AGAINST INDIVIDUALS BY REASON OF RACE
         AND SEX;

IX.      THE VIETNAM-ERA VETERAN'S READJUSTMENT ASSISTANCE ACT OF 1974
         (APPLICABLE TO FEDERAL GOVERNMENT CONTRACTS AND SUBCONTRACTORS), WHICH,
         AMONG OTHER THINGS, REQUIRES AFFIRMATIVE ACTION FOR AND PROHIBITS
         DISCRIMINATION AGAINST INDIVIDUALS BY REASON OF THEIR STATUS AS A
         VETERAN OR A DISABLED VETERAN;

X.       THE REHABILITATION ACT OF 1973 (APPLICABLE TO FEDERAL GOVERNMENT
         CONTRACTS AND SUBCONTRACTORS), WHICH, AMONG OTHER THINGS, REQUIRES
         AFFIRMATIVE ACTION FOR AND PROHIBITS DISCRIMINATION AGAINST INDIVIDUALS
         BY REASON OF HANDICAP;

XI.      THE IMMIGRATION AND NATIONALITY ACT, AS AMENDED, WHICH, AMONG OTHER
         THINGS, PROHIBITS DISCRIMINATION AGAINST EMPLOYEES BECAUSE OF NATIONAL
         ORIGIN OR CITIZENSHIP IN HIRING, RECRUITMENT, REFERRAL OR DISCHARGE;

XII.     THE UNIFORM SERVICES EMPLOYMENT AND REEMPLOYMENT RIGHTS ACT OF 1994,
         WHICH, AMONG OTHER THINGS, PROHIBITS DISCRIMINATION ON ACCOUNT OF A
         PERSON'S SERVICE IN THE UNIFORMED SERVICES OF THE UNITED STATES OR ANY
         STATE;

XIII.    THE NEW JERSEY LAW AGAINST DISCRIMINATION, THE NEW JERSEY CONSCIENTIOUS
         EMPLOYEE PROTECTION ACT, THE NEW JERSEY FAMILY LEAVE ACT, THE NEW
         JERSEY WORKERS' COMPENSATION ACT, THE NEW JERSEY STATE WAGE AND HOURS
         LAW, THE NEW JERSEY POLITICAL ACTIVITIES OF EMPLOYEES LAW, THE NEW
         JERSEY JURY DUTY

                                       5
<PAGE>

         EMPLOYMENT PROTECTION LAW, THE NEW JERSEY LIE DETECTOR TEST LAW, THE
         NEW JERSEY TOBACCO USE LAW, THE NEW JERSEY GENETIC TESTING LAW;
         PENNSYLVANIA EQUAL PAY LAW; PENNSYLVANIA WAGE PAYMENT AND COLLECTION
         LAW; PENNSYLVANIA HUMAN RELATIONS ACT

XIV.     ANY FEDERAL, STATE OR LOCAL LAW, RULE, STATUTE, ORDINANCE, REGULATION,
         EXECUTIVE ORDER OR GUIDELINE, INCLUDING, BUT NOT LIMITED TO, THOSE LAWS
         SPECIFICALLY DESCRIBED ABOVE;

XV.      ANY ORAL OR WRITTEN CONTRACT OF EMPLOYMENT WITH THE EMPLOYER, EXPRESS
         OR IMPLIED, OR ANY ORAL OR WRITTEN AGREEMENT, EXPRESS OR IMPLIED,
         PURPORTING TO ESTABLISH TERMS AND CONDITIONS OF EMPLOYMENT OR
         ADDRESSING TERMINATION OF EMPLOYMENT; AND

XVI.     ANY OTHER FEDERAL, STATE OR LOCAL COMMON-LAW CAUSES OF ACTION RELATED
         TO EMPLOYEE'S EMPLOYMENT WITH THE EMPLOYER OR SEPARATION FROM
         EMPLOYMENT WITH THE EMPLOYER.

         Employee acknowledges and agrees that this release specifically
includes and resolves any and all claims (in addition to these above) for
related costs and/or attorneys' fees.

         The Employee further agrees that he has not sustained any disabling
personal injury and/or occupational disease during his employment with the
Company or due to the separation from that employment and that he has no
personal injury and/or occupational disease which has been contributed to, or
aggravated by his employment with the Company and/or the separation from that
employment.

         Employee acknowledges that he has not heretofore filed any claims
against Releasees in a court of law. To the extent Employee has previously other
claims, he agrees to take all steps necessary to dismiss that action with
prejudice within ten (10) business days of signing this Agreement and agrees
that claims raised therein are released and waived by virtue of this Agreement.
Employee further agrees that no other person,

                                       6

<PAGE>

organization or entity acting on his/her behalf and with her consent shall file
such a claim against Releasees.

         Notwithstanding the foregoing, the Employee is not by execution of this
Agreement waiving or releasing (a) any claims or rights under this Agreement or
(b) any claims for indemnity or reimbursement that arise in the event a third
party action is brought by any person or entity against the Employee in
connection with his services as an employee of the Employer.

5.       As a material inducement for the Employee to enter into this Agreement,
Employer hereby agrees, acknowledges and promises to forego and waive any and
all rights it may have to file a claim, action, complaint, controversy, cause of
action, lawsuit, charge, complaint, suit, demand or petition ("claim" or
"claims") in a court of law against the Employee, the Employee's successors,
assigns, agents, and representatives, and all persons acting by, through, under,
or in concert with any of them, or any of them (collectively, "Employee
Releasees") for any rights, claims or entitlements Employer claims to have
against the Employee and/or Employee Releasees, known and/or unknown, choate
and/or inchoate, which Employer may now have, own, or hold, or claim to have,
own or hold, or which Employer at any time heretofore had, owned or held, or
claimed to have, owned, or held, or which Employer at any time may have, own, or
hold, or claim to have, own or hold against the Employee and/or Employee
Releasees, from the beginning of time to the date of this Agreement, by reason
of any claims arising from or related to Employee's employment relationship with
the Employer or otherwise, any affiliate of the Employer, and termination of
that employment relationship and any matters or allegations or

                                       7

<PAGE>

otherwise, including any claims arising from any alleged violation by the
Employee of any federal, state or local statutes, regulations, ordinances or
common law causes of action in law and in equity (and all associated claims for
attorneys' fees).

6.       Should Employee file a claim against Releasees with an agency or
tribunal other than a court of law which claim arose prior to or on the date
Employee signs this Agreement and which claim related in any way to Employee's
employment with the Employer, separation from employment with the Employer
and/or any matters or allegations, Employee agrees to irrevocably and
unconditionally release, acquit, and forever discharge Releasees from any and
all liability which may result from that claim (including attorney's fees, costs
actually incurred, and liquidated damages), of any nature whatsoever, and will
not participate in any recoveries which may result from that claim. This release
includes, but is not limited to any claims arising from any alleged violation by
Releasees of any federal, state or local statutes, regulations, ordinances or
common law causes of action in law and in equity, including but not limited to,
these causes of action listed in paragraph 4(i) through 4(xvi).

         Employee acknowledges that he has not heretofore filed any such claims
against Releasees. To the extent Employee has previously filed such a claim, he
agrees to release, acquit and forever discharge Releasees from any and all
liability which may result from that claim, of any nature whatsoever, and will
not participate in any recoveries which may result from that claim.

7.       Employee agrees that he will not voluntarily assist others in bringing
any type of claims against any of the Releasees, involving any matter allegedly
occurring and/or

                                       8

<PAGE>

occurring in the past up to the date of this Agreement or involving any
continuing effects of actions or practices which arose prior to the date of this
Agreement, or involving and based upon any claims, which are the subject of this
Agreement, unless otherwise required by law or legal process. For and in
consideration of the mutual covenants and promises contained herein, during the
term of this Agreement, and for a period of five (5) years thereafter, neither
Employee nor any family member (defined for this purpose to include his spouse
and children) or company, partnership or trust in which Employee (or such family
member) owns five (5%) percent or more of its equity or voting interests or for
which Employee serves as an employee, agent, officer, director, or partner will:
(i) for the purposes of subparagraphs (ii) or (iii) hereafter, acquire, offer to
acquire, or agree to acquire, directly or indirectly, by purchase or otherwise,
any voting securities or direct or indirect rights or options to acquire any
voting securities of Employer in excess of 14.9% of the Employer's issued and
outstanding voting securities; (ii) make, or in any way participate, directly or
indirectly, in any "solicitation" of "proxies" to vote (as such terms are
interpreted in the proxy rules of the Securities and Exchange Commission), or
seek to advise or influence any person or entity with respect to the voting of
any voting securities of the Employer, or (iii) form, join or in any way
participate in a "group" within the meaning of Section 13 (d) (3) of the
Securities Exchange Act of 1934 with respect to any voting securities of the
Employer for the purpose of seeking to control the management, Board of
Directors or policies of the Employer. Further, the parties acknowledge that
Employer would not have an adequate remedy at law for money damages in the event
that this covenant were not performed in accordance with its terms and therefore
Employee

                                       9
<PAGE>

agrees that the Employer shall be entitled to specific enforcement of
the terms hereof in addition to any other remedy to which it may be entitled, at
law or in equity.

8.       Employee agrees that he will hereafter keep the specifics of the
negotiations concerning this Agreement, the terms of this Agreement itself, and
the amounts paid to Employee under the terms of this Agreement CONFIDENTIAL, and
that he will hereafter disclose any information concerning this Agreement to any
persons other than Employee's lawyers and law firm personnel, Employee's lawful
spouse, accountants and/or tax advisors. Nothing contained in this Agreement
shall be deemed to restrict or prohibit Employee from responding to or complying
with any lawful subpoena or process of law. The Employee agrees to notify and
authorizes his/her attorney to notify the Employer in writing within five (5)
business days of their receipt of any subpoena, process of law or other request
seeking to discover a copy of this Agreement and will permit the Employer, alone
or through its designated representative, to review and investigate and, if
necessary, quash such subpoena or document request prior to any production
mandated by such document.

9.       Employee acknowledges and agrees that his employment with the
Employer has ended and that this Agreement is considered to the notice
required under 2 (B) of the Employment Contract that the Employment Contract
will not be renewed by the Employer. However, the Employee agrees to make
himself reasonably available until the end of the Employment Contract term by
telephone and in the case of urgent circumstances, in person, to assist the
Employer as reasonably requested by Employer. Any reasonable documented
expenses incurred by the Employee shall be paid by the Employer. The

                                       10
<PAGE>

Employee recognizes that certain litigation matters and administrative claims
are pending as to which his testimony or assistance in defending such
litigation/claims may be required in the future. Employee further agrees that he
is waiving any claim that he may have to reinstatement with the Employer under
any statutory or common law cause of action. The Parties agree that each shall
not defame, disparage, slander, libel each other or any of the Releasees or the
Employee Releasees. The Employee agrees that the Employer will only be held
responsible under this provision for the statements and or actions of its
managerial level employees, legal representatives, officers and members of the
Board of Directors.

10.      This Agreement shall not in any way be construed as an admission by the
Employer of any acts of wrongdoing whatsoever against Employee or any other
person, and the Employer specifically disclaims any liability to the Employee or
any other person, on the part of itself, its affiliates, its officers,
employees, agents or parents.

11.      Employee represents that he has not heretofore assigned or transferred,
or purported to assign or transfer, to any person or entity, any claim or any
portion of this Agreement. This Agreement shall not in any way be construed as
an admission by Employee of any acts of wrongdoing whatsoever against Employer
or any other person, and the Employee specifically disclaims any liability to
the Employer or any other person, on the part of himself and his
representatives.

12.      Employee represents and acknowledges that in executing this Agreement
he does not rely, and has not relied, upon any representation or statement made
by the Employer, or any of the Releasees or their agents, representatives or
attorneys with regard to the subject matter, basis, content or effect of this
Agreement or otherwise.

                                       11

<PAGE>

13.      If a proven breach of the promises in this Agreement is demonstrated by
one of the parties, the breaching party agrees to pay the reasonable attorney's
fees and expenses incurred by the non-breaching party as a result of such
breach.

14.      Employee acknowledges that prior to the execution of this Agreement, he
was advised separately, in writing through a letter to seek the advice and
counsel of an attorney regarding the contents of this Agreement. The Employee
acknowledges that he has entered into this Agreement knowingly, voluntarily and
of his own free will.

15.      Employee acknowledges that he has been given at least twenty-one (21)
days in which to consider the terms of this Agreement. To the extent Employee
wishes to execute this Agreement prior to the conclusion of the twenty-one (21)
day period, Employee acknowledges that he will only do so in a knowing and
voluntary manner and of his own free will.

16.      Employee acknowledges that for a period of seven (7) days following the
execution of this Agreement, he may revoke the Agreement and the Agreement shall
not become effective or enforceable until the revocation period has expired
("Effective Date"). The parties agree that any changes to this Agreement,
material or immaterial, will not restart the running of the twenty-one (21) day
period referred to above. If Employee revokes this Agreement, it shall be null
and void and the obligations or entitlements of both parties under this
Agreement shall be eliminated.

17.      This Agreement shall be binding upon Employee and upon his heirs,
administrators, representatives, executors, successors and assigns, and shall
inure to the

                                       12
<PAGE>

benefit of The Employer and any of the Releasees and each of them, and to their
successors and assigns.

18.      This Agreement is made and entered into in the State of New Jersey and
shall in all respects be interpreted, enforced and governed under the laws of
said State without regard to its choice of law provisions, as well as the laws
of the United States of America. The language of all parts of this Agreement
shall in all cases be construed as a whole and according to its fair meaning.

19.      Should any word, phrase, sentence, paragraph, clause or provision of
this Agreement be declared or be determined by any court to be illegal or
invalid, the validity of the remaining parts, terms or provision shall not be
affected thereby and said illegal or invalid part, term, or provision shall be
deemed not to be a part of this Agreement.

20.      As used in this Agreement, the singular or plural shall be deemed to
include the other whenever the context so indicates or requires. Similarly,
references to the male or female gender shall be deemed to include, supplant or
replace the other whenever the context so indicates or requires.

21.      This Agreement sets forth the entire Agreement among the Parties
hereto, and fully supersedes any and all prior Agreements or understandings
between the parties hereto pertaining to the subject matter hereof. This
Agreement may not be modified except in writing signed by both parties.

22.      The failure of either the Employer or Employee to require the
performance of any term or obligation of this Agreement or the waiver by either
The Employer or Employee of any breach of this Agreement, shall not prevent any
subsequent enforcement of such term

                                       13
<PAGE>

or obligation and shall not be deemed a waiver of any subsequent breach. No
modification or waiver of any provision of this Agreement shall be effective
unless in writing and signed by the Employer and Employee.

23.      This Agreement may be executed through the use of separate signature
pages in multiple originals and in counterparts, each of which shall be deemed
an original and all of which together shall constitute one and the same
Agreement, binding on all parties, notwithstanding that all parties are not
signatories to the same counterpart. The parties shall exchange original signed
Agreements as soon as practicable following delivery and execution as aforesaid.

24.      All notices, requests, demands or other communications hereunder must
be in writing and shall be deemed to have been duly given if delivered by hand,
mailed within the continental United States by certified or registered mail,
postage prepaid, return receipt requested, or by a reputable overnight courier
such as federal express, addressed to the party to whom the notice is directed
at the "Notice Address" of such party. The Notice Address of each party is:

         If to Employer:   Aquis Communications Group, Inc.
                           1719A Route 10
                           Suite 300
                           Parsippany, New Jersey 07054

         with a copy to:   Buchanan Ingersoll, P.C.
                           268 Main Street, Suite 201
                           Buffalo New York, 14202
                           Attn:  Ginger D. Schroder

                           AND

                           Buchanan Ingersoll, P.C.
                           One Oxford Centre, 20th Floor

                                       14

<PAGE>

                           301 Grant Street
                           Pittsburgh, PA 15219-1410
                           Attn:  Bryan Lawrence

         If to Employee:   Nick T. Catania
                           3200 S. StoneGate Circle #204
                           New Berlin, WI 53151

         with a copy to:   Steven D. Buck
                           One Glenhardie Corporate Center
                           1275 Drummers Lane
                           P.O. Box 236
                           Wayne, PA 19087

                 PLEASE READ CAREFULLY. THIS AGREEMENT INCLUDES
                    A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS

                                        AQUIS COMMUNICATIONS GROUP, INC.

Date:    SEPTEMBER 26, 2000             By: /s/ JOHN B. FRIELING
         ---------------------------       -----------------------------

                                        Title: CHIEF EXECUTIVE OFFICER

Date:    SEPTEMBER 26, 2000             By: /s/ NICK T. CATANIA
         ------------------                -----------------------------
                                                 Nick T. Catania

                                       15

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