Document:

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                                                                EXHIBIT 10.18

                             AMENDED AND RESTATED
                          STOCK SUBSCRIPTION AGREEMENT

          This Amended and Restated Stock Subscription Agreement (the
"Agreement"), which shall be effective as of October 1, 1999, is by and between
X10 Ltd., a Bermuda corporation ("X10 Ltd.") and X10.com, Inc., d/b/a X10
Wireless Technology, Inc., a Delaware corporation (the "Company"), and amends,
restates and supersedes in its entirety that certain Stock Subscription
Agreement (the "Original Agreement") dated as of October 1, 1999, originally
executed by X10 Ltd. and the Company.

          Whereas, the Original Agreement did not directly describe or correctly
reflect the number of shares of the Company's common stock for which X10 Ltd.
subscribed or the consideration paid by X10 Ltd. for such shares; and

          Whereas, the parties desire to confirm and ratify X10 Ltd.'s
subscription for shares of the Company's common stock and to memorialize the
correct understanding of the parties as to the number of shares and
consideration therefor.

          Now, therefore, the parties agree as follows:

          X10 Ltd. hereby confirms it subscription for 10,000,000 shares of
common stock (the "Shares") of the Company.  The Shares were issued (a) in full
payment of all amounts outstanding under that certain Promissory Note, dated
October 1, 1999, in the amount of $1,024,300 that was originally issued by the
Company to X-10 (USA) Inc. and assigned to X10 Ltd. on October 1, 1999, and (b)
in consideration of X10 Ltd.'s execution and delivery of (i) that certain
Amended and Restated License Agreement attached hereto as Exhibit A, (ii) that
certain Amended and Restated Product Supply Agreement attached hereto as Exhibit
B, and (iii) that certain Amended and Restated Bill of Sale and Assignment
Agreement attached as Exhibit C.  X10 Ltd. agrees to mark as cancelled and
return to the Company the original Promissory Note upon execution of this
Agreement.  Nothing herein shall be construed to constitute a new or additional
subscription for shares of the Company's common stock.

          X10 Ltd. understands that the Shares have not been registered under
the Securities Act of 1933, as amended (the "Act").  X10 Ltd. also understands
that the Shares are being offered and sold pursuant to an exemption from
registration contained in the Act based in part upon X10 Ltd.'s representations
contained herein.  X10 Ltd. hereby represents and warrants that (i) it is
acquiring the Shares for its own account for investment only, not as a nominee
or agent, and not with a view to the resale or distribution of any part thereof,
and has no present intention of selling, granting any participation in, or
otherwise distributing the same; (ii) it has such knowledge and experience in
financial and business matters that it is capable of evaluating the merits and
risks of the investment in the Company and has the capacity to protect its own
interest in connection with its acquisition of the Shares; (iii) it understands
that it must bear the economic risk of this investment indefinitely unless the
Shares are registered pursuant to the Act, or an exemption from registration is
available; and (iv) it is an accredited investor within the meaning of
Regulation D under the Act.  X10 Ltd. further understands that the Shares may
not be sold, transferred, or otherwise disposed of without registration under
the Act or an exemption

                                       1.
<PAGE>

therefrom, and that in the absence of an effective registration statement
covering the Shares or an available exemption from registration under the Act,
the Shares must be held indefinitely.

          X10 Ltd. acknowledges that its Share certificate shall bear a legend
substantially in the for of the following:

              THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
              REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
              "SECURITIES ACT"). THEY MAY NOT BE SOLD, OFFERED FOR SALE,
              PLEDGED OR HYPOTHECATED EXCEPT PURSUANT TO REGISTRATION UNDER
              THE SECURITIES ACT OR UPON THE COMPANY'S RECEIPT OF AN OPINION
              OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION
              IS NOT REQUIRED.

                                       2.
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Dated effective as of the 1/st/ day of October, 1999.

                                          X10 Ltd., a Bermuda Corporation

                                          By: /s/ George E. Stevenson
                                             -----------------------------------
                                             George E. Stevenson, its President

ACCEPTED BY X10.com, Inc.

By: /s/ Wade Pfeiffer
   ---------------------------------
   Wade Pfeiffer, CFO

                                       3.
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                                   Exhibit A

                     Amended and Restated License Agreement

                                      1.
<PAGE>

                                   Exhibit B

                 Amended and Restated Product Supply Agreement

                                      1.
<PAGE>

                                   Exhibit C

          Amended and Restated Bill of Sale and Assignment Agreement

                                      2.PLACEMENT AGENCY AGREEMENT

         THIS  AGREEMENT  ("Agreement"),  made as of the 26 day of May, 2000, by
and between Saf T Lok Incorporated,  a Florida corporation ("Company"), and J.P.
Carey Securities, Inc., a Georgia corporation (the "Agent").

                                   WITNESSETH:

         WHEREAS,  the  Company  proposes  to  issue  and  sell 6%  Subordinated
Convertible  Debentures  (the  "Securities")  resulting in gross proceeds to the
Company of a maximum of $875,000 in an offering (the "Offering") not involving a
public  offering  without  registration  under the  Securities  Act of 1933,  as
amended (the "Act"),  pursuant to exemptions from the registration  requirements
of the Act under Regulation D promulgated  under the Act ("Regulation D") and or
Rule 4(2) under the Act as described below; and

         WHEREAS,  the Agent has  offered to assist the  Company in placing  the
Securities on a "best  efforts" basis with respect to the sale of Debentures and
the  Company  desires  to  secure  the  services  of the  Agent on the terms and
conditions hereinafter set forth;

                                    AGREEMENT

         NOW,  THEREFORE,  in  consideration  of the  premises  and  the  mutual
promises,  conditions  and covenants  herein  contained,  the parties  hereto do
hereby agree as follows:

         1.  Engagement of Agent.  The Company hereby  appoints the Agent as its
non-exclusive  placement  agent for the  Offering,  to sell on a "best  efforts"
basis up to a maximum of $875,000 of Securities  (the "Maximum  Securities")  in
one or more  tranches.  The  Agent,  on the  basis  of the  representations  and
warranties herein contained,  but subject to the terms and conditions herein set
forth,  accepts  such  appointment  and  agrees to use its best  efforts to find
purchasers for the  Securities.  This  appointment  shall be irrevocable for the
period  commencing on May 26, 2000,  and ending  thirty (30) days,  which period
maybe  extended  by the  consent of the  Company  and the Agent  (the  "Offering
Period").

         2.  Representations  and Warranties of the Company.  In order to induce
the Agent to enter  into this  Agreement,  the  Company  hereby  represents  and
warrants to and agrees with the Agent as follows:

         2.1  Offering  Documents.  The  Company  and the  Placement  Agent have
prepared a Securities Purchase Agreement, certain exhibits thereto, Registration
Rights Agreement,  and the Debentures regarding the Securities,  which documents
have been or will be sent to  proposed  investors.  Since  January 1, 1997,  the
documents  which have been filed by the  Company  with the U.S.  Securities  and
Exchange  Commission have been prepared in conformity with the  requirements (to
the extent  applicable)  of the Securities and Exchange Act of 1934, as amended,
and the  rules and  regulations  ("Rules  and  Regulations")  of the  Commission
promulgated thereunder. As used in this Agreement, the term "Offering Documents"
refers  to and means  the SEC  Documents,  the  Subscription  Agreement  and all
amendments,  exhibits and supplements thereto, together with any other documents
which are  approved  for  Agent's  use by the  Company  for the  purpose of this
Offering.

         2.2 Provision of Offering  Documents.  The Company shall deliver to the
Agent, without charge, as many copies of the Offering Documents as the Agent may
reasonably require for the purposes contemplated by this Agreement.  The Company

<PAGE>

authorizes the Agent, in connection with the Offering of the Securities,  to use
the  Offering  Documents  as from  time  to  time  amended  or  supplemented  in
connection  with the offering and sale of the Securities and in accordance  with
the applicable  provisions of the Act and Regulation D. The Company  consents to
the Agent's distribution of the Offering Documents to prospective subscribers as
a disclosure  document  about the Company,  its business,  prospects,  financial
condition and other matters and is legally permitted to do so.

         2.3  Accuracy of  Offering  Documents.  Taken  together,  the  Offering
Documents, at the time of delivery to subscribers for the Securities,  conformed
in all material respects with the requirements, to the extent applicable, of the
Act and the  applicable  Rules and  Regulations  and did not  include any untrue
statement of a material  fact or omit to state any material  fact required to be
stated  therein or necessary  to make the  statements  therein,  in light of the
circumstances  under which they were made, not  misleading.  On the Closing Date
(as hereinafter defined), the Offering Documents,  taken together,  will contain
all material  statements  which are required to be stated  therein in accordance
with the Act and the Rules and  Regulations  for the  purposes  of the  proposed
Offering,  and  all  statements  of  material  fact  contained  in the  Offering
Documents will be true and correct,  and the Offering Documents will not include
any untrue  statement  of a  material  fact or omit to state any  material  fact
required to be stated  therein or necessary to make the statements  therein,  in
light of the circumstances under which they were made, not misleading; provided,
however,  that the Company does not make any representations or warranties as to
the information  contained in or omitted from the Offering Documents in reliance
upon written  information  furnished on behalf of the Agent specifically for use
therein.

         2.4 Duty to Amend.  If during such period of time, as in the opinion of
the Agent or its counsel,  any Offering  Documents relating to this Offering are
required to be delivered under the Act, any event occurs,  or any event known to
the Company  relating  to or  affecting  the Company  shall occur as a result of
which the Offering  Documents as then amended or  supplemented  would include an
untrue  statement  of a  material  fact,  or omit to  state  any  material  fact
necessary to make the statements  therein,  in light of the circumstances  under
which they were made,  not  misleading,  or if it is necessary at any time after
the date hereof to amend or supplement the Offering Documents to comply with the
Act or the applicable Rules and Regulations,  the Company shall forthwith notify
the Agent thereof and shall prepare such further  amendment or supplement to the
Offering Documents as may be required and shall furnish and deliver to the Agent
and to others, whose names and addresses are designated by the Agent, all at the
cost  of the  Company,  a  reasonable  number  of  copies  of the  amendment  or
supplement or of the amended or  supplemented  Offering  Documents  which, as so
amended or supplemented, will not contain an untrue statement of a material fact
or omit to state  any  material  fact  necessary  in order to make the  Offering
Documents not misleading in the light of the circumstances  when it is delivered
to a purchaser or prospective  purchaser,  and which will comply in all respects
with the requirements  (to the extent  applicable) of the Act and the applicable
Rules and Regulations.

         2.5 Corporation  Condition.  The Company's condition is as described in
its Offering  Documents,  except for changes in the ordinary  course of business
and normal year-end adjustments that are not in the aggregate materially adverse
to the Company.  The Offering  Documents,  taken as a whole,  present fairly the
business and financial position of the Company as of the Closing Date.

         2.6      No Material Adverse Change.  [LEFT INTENTIONALLY BLANK]
                  --------------------------

         2.7 No Defaults. The execution and delivery of this Agreement,  and the
consummation of the transactions  herein  contemplated,  and compliance with the
terms of this  Agreement  will not conflict with or result in a breach of any of
the terms,  conditions or  provisions  of, or  constitute a default  under,  the
Articles of  Incorporation  or By-Laws of the  Company  (in any respect  that is
material to the Company), any material note, indenture, mortgage, deed of trust,

                                       2
<PAGE>

or other material  agreement or instrument to which the Company is a party or by
which the Company or any property of the Company is bound,  or to the  Company's
knowledge, any existing law, order, rule, regulation, writ, injunction or decree
of any government,  governmental  instrumentality,  agency or body,  arbitration
tribunal or court, domestic or foreign,  having jurisdiction over the Company or
any property of the Company.  The consent,  approval,  authorization or order of
any court or  governmental  instrumentality,  agency or body is not required for
the consummation of the transactions  herein  contemplated except such as may be
required under the Act or under the Blue Sky or securities  laws of any state or
jurisdiction.

         2.8 Incorporation and Standing. The Company is, and at the Closing Date
will be,  duly formed and validly  existing  in good  standing as a  corporation
under the laws of the State of Florida with full power and authority  (corporate
and other) to own its properties and conduct its business, present and proposed,
as  described  in the  Offering  Documents;  the  Company,  has full  power  and
authority to enter into this Agreement; and the Company is duly qualified and in
good standing as a foreign entity in each  jurisdiction  in which the failure to
so  qualify  would  have  a  material  adverse  effect  on  the  Company  or its
properties.

         2.9 Legality of Outstanding Securities.  Prior to the Closing Date, the
outstanding  securities of the Company have been duly and validly authorized and
issued, fully paid and nonassessable and conform in all material respects to the
statements with regard thereto contained in the Offering Documents.

         2.10 Legality of Securities.  The Securities,  when sold and delivered,
will constitute legal, valid and binding obligations of the Company, enforceable
in accordance  with the terms thereof,  and shall be duly and validly issued and
outstanding,  fully  paid and  nonassessable.  The  Common  Stock into which the
Securities are  convertible,  upon  conversion in accordance  with the Company's
Debentures  shall be duly and  validly  issued and  outstanding,  fully paid and
non-assessable.

         2.11 Litigation.  Except as set forth in the Offering Documents,  there
is now,  and at the Closing  Date there will be, no action,  suit or  proceeding
before any court or  governmental  agency,  authority or body pending or, to the
knowledge of the Company,  threatened,  which might result in judgements against
the Company not  adequately  covered by  insurance or which  collectively  might
result in any material adverse change in the condition  (financial or otherwise)
or  business  of the  Company or which  would  materially  adversely  affect the
properties or assets of the Company.

         2.12 Finders.  The Company does not know of any outstanding  claims for
services in the nature of a finder's fee or origination fees with respect to the
sale of the Securities hereunder for which the Agent may be responsible.

         2.13 Tax  Returns.  The  Company  has filed all  federal  and state tax
returns  which are  required  to be filed,  and has paid all taxes shown on such
returns  and on all  assessments  received  by it to the extent  such taxes have
become due. All taxes with  respect to which the Company is obligated  have been
paid or adequate accruals have been set up to cover any such unpaid taxes.

         2.14  Authority.  The  execution  and  delivery  by the Company of this
Agreement have been duly authorized by all necessary action,  and this Agreement
is the valid, binding and legally enforceable  obligation of the Company subject
to standard  qualifications  as to the availability of equitable  remedies,  the
effect of bankruptcy  and other laws  relating to the  protection of debtors and
public  policy   opinions   promulgated  by  the  Commission   with  respect  to
indemnification against liabilities under the Act.

         2.15 Actions by the Company. Except as contemplated hereby, the Company
will not take any action which will impair the effectiveness of the transactions
contemplated by this Agreement.

                                       3
<PAGE>

         3.       Issue, Sale and Delivery of the Securities.
                  ------------------------------------------

         3.1 Deliveries of Securities.  Certificates in such form that,  subject
to applicable transfer  restrictions imposed by applicable law, and as described
in the Securities Purchase  Agreement,  they can be negotiated by the purchasers
thereof (issued in such  denominations and in such names as the Agent may direct
the  Company  to  issue)  for  the  Securities,   and  shares  of  Common  Stock
representing the Agent's compensation described in Section 3.4 below (the "Agent
Shares"),  shall be  delivered by the Company to the Escrow  Agent,  with copies
made  available  to the Agent for  checking at least one (1) full  business  day
prior to the Closing  Date, it being  understood  that the  directions  from the
Agent to the Company shall be given at least two (2) full business days prior to
the Closing Date. The certificates for the Securities and the Agent Shares shall
be  delivered  at the  Closing  and  at  each  Subsequent  Closing  (as  defined
hereinafter).

         3.2 Escrow of Funds. Pursuant to the Escrow Agreement,  a copy of which
is attached  hereto as Exhibit  "A" (the  "Escrow  Agreement"),  executed by the
Company,  the Agent and the escrow agent (the "Escrow  Agent"),  the subscribers
shall place all funds for purchase of  Securities  for each Closing in an escrow
account. The Company shall have the right to approve or reject the subscriptions
of each  subscriber,  as described in the  Subscription  Agreement prior to each
closing.  At such  time as  subscribers  subscribing  for at least  $200,000  of
Securities (but not more than the Maximum Securities, unless otherwise agreed by
the Company and Agent) have  delivered  to the Agent their  signed  subscription
documents,  those  subscribers  have been  approved by the Company and all other
Closing  conditions have been met,  Escrow Agent shall release the  subscription
funds to the Company and the Agent shall release the  certificates  representing
the Securities to the subscribers (the "Initial Closing"). In the event that the
Initial  Closing  shall be for an amount  of  Securities  less than the  Maximum
Amount, the Offering may be continued, and additional Closings may be held (each
a "Subsequent  Closing") throughout the Offering Period. In addition,  the Agent
shall have the right to act as agent for the sale of  additional  Debentures  or
Securities as set forth in Section 5 herein.

         3.3 Closing Date. The Initial Closing and any Subsequent  Closing shall
take place at the  offices of Sims Moss Kline & Davis LLP,  400  Northpark  Town
Center, Suite 310, 1000 Abernathy Road, NE, Atlanta,  Georgia 30328 at such time
and date ("Closing Date") as will be fixed either orally or in writing by notice
to be given by the Agent to the Company  after  consultation  with the  Company,
such Closing  Date to be not less than one (1) full  business day after the date
on which  such  notice  shall  have been given and not less than one (1) and not
more than three (3) full  business days after the date on which the Escrow Agent
shall  have  given  written  notice  to the  Company  and the Agent  that  funds
deposited with the Escrow Agent total at least the Minimum Proceeds. The Closing
Date may be changed by mutual agreement of the Agent and the Company.

         3.4      Agent's Compensation.  The Company shall pay the Agent:
                  --------------------

                  (a)  A  commission   of  six  percent   (6.0%)  of  the  gross
         subscription  proceeds  of the  Initial  Offering  and  any  subsequent
         Offerings; and

                  (b) In  addition  to the fees and  reimbursement  of costs set
         forth in Section 3.5 of this Agreement,  the Company shall issue to the
         Agent three  shares of the  Company's  Common Stock for each $100.00 of
         gross  subscription  proceeds  raised by the Agent in the Offering (the
         "Agent  Shares").  The Agent shares shall have piggy-back  registration
         rights. The Agent Shares shall be delivered by the Company to the Agent
         simultaneous  with  each  Closing.  However,  the  Agent  shares  to be
         delivered at the first Closing shall be delivered to the Agent no later
         than 15 days following the first Closing.

                                       4
<PAGE>

         3.5 Payment of Fees.  The Escrow Agent shall be  instructed  to pay the
Escrow Agent's fees and  commissions  pursuant to section 3.4 of this Agreement,
directly  to the Agent  from the  proceeds  of the  Closing  and all  Subsequent
Closing, simultaneous with the transfer of proceeds to the Company.

         4.       Offering of the Securities on Behalf of the Company.
                  ---------------------------------------------------

         4.1 In offering  the  Securities  for sale,  the Agent shall offer them
solely as an agent for the Company,  and such offer shall be made upon the terms
and subject to the  conditions  set forth in the Offering  Documents.  The Agent
shall commence making such offer as an agent for the Company as soon as possible
following delivery of the Offering Documents.

         4.2 The  Agent  will not make  offers  to sell the  Securities  to,  or
solicit  offers to subscribe for any Securities  from,  persons or entities that
are not "accredited investors" as defined in Regulation D.

         4.3 The Agent  shall make  offers and sales of the  securities  only in
such jurisdictions  where it is permitted to do so in accordance with applicable
law.

         5. Right of First  Refusal.  The Company  hereby grants Agent rights of
first refusal as follows:

         5.1      INTENTIONALLY LEFT BLANK

         5.2 The Company agrees to maintain the  confidentiality  of the Agent's
clients,  except as required by  applicable  law.  Such  clients  shall be those
entities which invest in the Offering (the "Clients"). For a period of two years
from the Closing  (the  "Exclusivity  Period"),  the Company will not solicit or
enter into any financing  transaction  ("Transaction")  with the clients without
the written  consent of Agent and payment to the Agent of like  compensation  as
the compensation described herein.

         5.3 In the event that Company  breaches  Section 5.2 of this  Agreement
and engages in a Transaction  with the Clients during the Exclusivity  Period or
breaches  Section  5.1 of this  Agreement,  Agent  shall be  entitled to receive
compensation  in the same  proportion  to the  financing  done  without  Agent's
participation  as the  compensation  to Agent under this Agreement  bears to the
financing raised in this Offering.

         6. Covenants of the Company.  The Company covenants and agrees with the
Agent that:

                  6.1 As a  condition  precedent  to the  Initial  Closing,  the
Company  will  deliver to the Agent a true and correct  copy of the  Articles of
Incorporation of the Company, and all amendments and certificates of designation
of preferences of preferred stock,  including without limitation the certificate
of designation of preferences regarding the Securities, if applicable, certified
by the Secretary of State of Delaware.

                 6.2 Prior to the Closing  Date,  the Company  will  cooperate
with the Agent in such  investigation  as it may make or cause to be made of all
of the properties, business and operations of the Company in connection with the
Offering of the Securities.  The Company will make available to it in connection
therewith such information in its possession as the Agent may reasonably request
and will make  available  to the Agent  such  persons  as the Agent  shall  deem
reasonably necessary and appropriate in order to verify or substantiate any such
information  so supplied,  subject to the  limitations  arising  pursuant to the
federal securities laws.

                                       5
<PAGE>

7.       Indemnification.
         ---------------

         7.1 The Company  agrees to indemnify and hold harmless the Agent,  each
person who  controls  the Agent  within the  meaning of Section 15 of the Act or
Section 20 of the Securities  Exchange Act of 1934, as amended,  and the Agent's
employees, accountants, attorneys and agents (the "Agent's Indemnitees") against
any and all losses, claims,  damages or liabilities,  joint or several, to which
they or any of them may become  subject under the Act or any other statute or at
common  law  for any  legal  or  other  expenses  (including  the  costs  of any
investigation  and  preparation)   incurred  by  them  in  connection  with  any
litigation,  whether or not resulting in any liability, but only insofar as such
losses,  claims,  damages,  liabilities and litigation arise out of or are based
upon any untrue  statement of material fact contained in the Offering  Documents
or any  amendment  or  supplement  thereto or the  omission  to state  therein a
material fact required to be stated  therein or necessary to make the statements
therein, under the circumstances under which they were made, not misleading, all
as of the date of the Offering  Documents  or of such  amendment as the case may
be; provided,  however,  that the indemnity  agreement contained in this Section
7.1 shall not apply to amounts paid in  settlement  of any such  litigation,  if
such settlements are made without the consent of the Company, nor shall it apply
to the Agent's  Indemnitees  in respect to any such losses,  claims,  damages or
liabilities  arising out of or based upon any such untrue  statement  or alleged
untrue statement or any such omission or alleged omission,  if such statement or
omission  was made in  reliance  upon  information  furnished  in writing to the
Company by the Agent  specifically for use in connection with the preparation of
the  Offering  Documents  or any such  amendment  or  supplement  thereto.  This
indemnity  agreement is in addition to any other liability which the Company may
otherwise have to the Agent's Indemnitees. The Agent's Indemnitees agree, within
a  reasonable  time  after  the  receipt  by  them  of  written  notice  of  the
commencement  of any action  against them in respect to which  indemnity  may be
sought  from the  Company  under this  Section  7. 1, to notify  the  Company in
writing of the commencement of such action, and if the Agent's Indemnitees shall
notify the Company of the commencement thereof, the Company shall be entitled to
participate  in (and,  to the extent that the Company shall wish, to direct) the
defense  thereof at its own  expense,  but such  defense  shall be  conducted by
counsel of  recognized  standing  and  reasonably  satisfactory  to the  Agent's
Indemnitees,  defendant or defendants, in such litigation. The Company agrees to
notify the Agent's Indemnitees promptly of the commencement of any litigation or
proceedings against the Company or any of the Company's officers or directors of
which the Company may be advised in connection with the issue and sale of any of
the  Securities  and to furnish to the Agent's  Indemnitees,  at their  request,
copies of all  pleadings  therein  and to permit the Agent's  Indemnities  to be
observers  therein  and  apprise the  Agent's  Indemnitees  of all  developments
therein, all at the Company's expense.

         7.2 The Agent agrees,  in the same manner and to the same extent as set
forth in Section 7.1 above, to indemnify and hold harmless the Company,  and the
Company's   employees,   accountants,   attorneys  and  agents  (the  "Company's
Indemnitees") with respect to (i) any statement in or omission from the Offering
Documents  or any  amendment or  supplement  thereto or any  application  or any
information  furnished  pursuant  to Section 3.4 hereof,  if such  statement  or
omission  was made in  reliance  upon  information  furnished  in writing to the
Company by the Agent or on its behalf  specifically  for use in connection  with
the preparation thereof or supplement thereto, or (ii) any untrue statement of a
material  fact made by the Agent or its  agents not based on  statements  in the
Offering  Documents or authorized in writing by the Company,  or with respect to
any  misleading  statement  made by the Agent or its agents  resulting  from the
omission of  material  facts which  misleading  statement  is not based upon the
Offering Documents, or information furnished in writing by the Company or, (iii)
any breach of any representation, warranty or covenant made by the Agent in this
Agreement.  The Agent shall not be liable for amounts paid in  settlement of any
such litigation if such settlement was effected without its consent.  In case of
the  commencement of any action in respect of which indemnity may be sought from
the Agent,  the  Company's  Indemnitees  shall have the same  obligation to give
notice as set forth in Section 7.1 above,  subject to the same loss of indemnity

                                       6
<PAGE>

in the event such  notice is not given,  and the Agent shall have the same right
to participate in (and, to the extent that it shall wish, to direct) the defense
of such  action at its own  expense,  but such  defense  shall be  conducted  by
counsel of recognized standing reasonably satisfactory to the Company. The Agent
agrees to notify the Company's  Indemnitees  and, at their  request,  to provide
copies of all pleadings  therein and to permit the Company's  Indemnitees  to be
observers therein and apprise them of all the developments  therein,  all at the
Agent's expense.

         7.3 If for any reason the indemnity  provided for in Section 7.1 or 7.2
is unavailable to an Indemnified  Person or  insufficient to hold an Indemnified
Person harmless, then the Indemnifying Party, to the fullest extent permitted by
law, shall contribute to the amount paid or payable by such  Indemnified  Person
as a result of such  claims,  liabilities,  losses,  damages or expenses in such
proportion as is  appropriate to reflect the relative  benefits  received by the
Company  on one hand and by the  Agent on the  other,  from the  transaction  or
proposed  transaction under this Agreement or if allocation on that basis is not
permitted under  applicable law, in such proportion as is appropriate to reflect
not only the relative  benefits  received by the Company on the one hand and the
Agent on the other, but also the relative fault of the Company and the Agent, as
well as any relevant equitable considerations.  It is hereby further agreed that
the relative  benefits to the Company on the one hand and the Agent on the other
with respect to any  transaction  contemplated by this Agreement shall be deemed
to be paid in the same  proportion  as (i) the  total  value of the  transaction
bears to (ii) the fees paid to the Agent with  respect to the  transaction.  The
relative  fault of the  Company  on the one hand and the Agent on the other with
respect to the  transaction  shall be  determined  by reference  to, among other
things, whether any untrue or alleged untrue statement of a material fact or the
omission or alleged  omission to state a material  fact  relates to  information
supplied  by the  Company  or by the  Agent  and the  parties  relative  intent,
knowledge,  access to  information  and  opportunity  to correct or prevent such
statement or omission.  The indemnity,  contribution  and expense  reimbursement
obligations  set forth  herein  (i) shall be in  addition  to any  liability  an
Indemnifying  Party  may  have  to  any  Indemnified  Person  at  common  law of
otherwise,  (ii) shall survive the  termination of this  Agreement,  (iii) shall
apply to any  modification  of this Agreement and shall remain in full force and
effect  following the completion or  termination  of the  Agreement,  (iv) shall
remain  operative and in full force and effect  regardless of any  investigation
made by or on behalf of the Agent or any other Indemnified Person, and (v) shall
be  binding  on any  successor  or  assign of the  Company  or the Agent and the
respective successors or assigns to all or substantially all of the Company's or
the Agent's business and assets.

         8. Effectiveness of Agreement. This Agreement shall become effective at
9:00 A.M., Atlanta, Georgia time, on the date hereof.

         9. Conditions of the Agent's  Obligations.  The Agent's  obligations to
act as agent of the Company  hereunder and to find purchasers for the Securities
shall be subject to the accuracy, as of the Closing Date, of the representations
and warranties on the part of the Company herein  contained,  to the fulfillment
of or compliance by the Company with all covenants and conditions hereof, and to
the following additional conditions:

         9.1  Counsel to the Agent  shall not have  objected in writing or shall
not have failed to give his consent to the Offering  Documents  (which objection
or failure to give consent shall not have been done unreasonably).

         9.2 The Agent shall not have disclosed to the Company that the Offering
Documents,  or any amendment thereof or supplement  thereto,  contains an untrue
statement of fact,  which,  in the opinion of counsel to the Agent, is material,
or omits to state a fact, which, in the opinion of such counsel, is material and
is  required  to be  stated  therein,  or is  necessary  to make the  statements
therein, under the circumstances in which they were made, not misleading.

                                       7
<PAGE>

         9.3 Between the date hereof and the Closing Date, the Company shall not
have sustained any loss on account of fire, explosion, flood, accident, calamity
or any other cause of such character as would  materially  adversely  affect its
business or property considered as an entire entity, whether or not such loss is
covered by insurance.

         9.4 Between the date  hereof and the  Closing  Date,  there shall be no
material  litigation  instituted  or threatened  against the Company,  and there
shall be no proceeding instituted or threatened against the Company before or by
any federal or state  commission,  regulatory body or  administrative  agency or
other governmental  body,  domestic or foreign,  wherein an unfavorable  ruling,
decision or finding would materially adversely affect the business,  franchises,
license,  permits,  operations  or financial  condition or income of the Company
considered as an entity.

         9.5  Except as  contemplated  herein  or as set  forth in the  Offering
Documents,  during the period subsequent to the most recent financial statements
contained in the Offering Documents,  if any, and prior to the Closing Date, the
Company (i) shall have  conducted its business in the usual and ordinary  manner
as the same is being  conducted  as of the date  hereof  and (ii)  except in the
ordinary  course of business,  the Company  shall not have incurred any material
liabilities or obligations  (direct or contingent) or disposed of any assets, or
entered  into  any  material   transaction  or  suffered  or   experienced   any
substantially  adverse change in its condition,  financial or otherwise.  At the
Closing Date, and except as otherwise contemplated hereby, the equity account of
the Company  shall be  substantially  the same as  reflected  in the most recent
balance  sheet  contained  in the Offering  Documents  without  considering  the
proceeds from the sale of the  Securities  other than as may be set forth in the
Offering Documents.

         9.6  The  authorization  of the  Securities  by  the  Company  and  all
proceedings and other legal matters incident thereto and to this Agreement shall
be reasonably  satisfactory  in all respects to counsel to the Agent,  who shall
have  furnished the Agent on the Closing Date with such  favorable  opinion with
respect to the sufficiency of all corporate  proceedings and other legal matters
relating to this Agreement as the Agent may reasonably require,  and the Company
shall have  furnished  such counsel such  documents as he may have  requested to
enable him to pass upon the matters referred to in this subparagraph.

         9.7 The Company  shall have  furnished to the Agent the opinion,  dated
the Closing  Date,  addressed  to the Agent,  from  counsel to the  Company,  as
required by the Securities Purchase Agreement.

         9.8 The Company shall have  furnished to the Agent a certificate of the
Chief Executive Officer or the Chief Financial Officer of the Company,  dated as
of the Closing Date, in the form attached hereto.

         10.      Termination.
                  -----------

         10.1 This  Agreement  may be  terminated  by the Agent by notice to the
Company in the event that the Company shall have failed or been unable to comply
with any of the terms, conditions or provisions of this Agreement on the part of
the Company to be performed,  complied with or fulfilled  within the  respective
times, if any, herein provided for, unless  compliance  therewith or performance
or  satisfaction  thereof  shall  have  been  expressly  waived  by the Agent in
writing.

         10.2 This  Agreement  may be terminated by the Company by notice to the
Agent in the event  that the Agent  shall have  failed or been  unable to comply
with any of the terms, conditions or provisions of this Agreement on the part of
the Agent to be  performed,  complied  with or fulfilled  within the  respective
times, if any, herein provided for, unless  compliance  therewith or performance
or  satisfaction  thereof  shall have been  expressly  waived by the  Company in
writing.

                                       8
<PAGE>

         10.3 This  Agreement  may be  terminated  by the Agent by notice to the
Company at any time,  if, in the  reasonable,  good faith judgment of the Agent,
payment  for  and  delivery  of the  Securities  is  rendered  impracticable  or
inadvisable  because: (i) additional material  governmental  restrictions not in
force and effect on the date  hereof  shall have been  imposed  upon  trading in
securities generally; (ii) a war or other national calamity shall have occurred;
or (iii) the condition of the market (either  generally or with reference to the
sale of the  Securities  to be offered  hereby  other than the  delisting of the
Company's  shares on the Nasdaq SmallCap  Market) or the condition of any matter
affecting  the  Company  or any  other  circumstance  is such  that it  would be
undesirable,  impracticable  or  inadvisable,  in the judgment of the Agent,  to
proceed with this Agreement or with the Offering.

         10.4 Any  termination of this Agreement  pursuant to this Section shall
be without  liability of any character  (including,  but not limited to, loss of
anticipated profits or consequential  damages) on the part of any party thereto,
except that the Company  shall  remain  obligated  to pay the costs and expenses
provided to be paid by it  specified  in Sections  3.5;  and the Company and the
Agent shall be obligated to pay,  respectively,  all losses,  claims, damages or
liabilities,  joint or several, under Section 7.1 in the case of the Company and
Section 7.2 in the case of the Agent.

         11.  Agent's  Representations,  Warranties  and  Covenants.  The  Agent
represents and warrants to and agrees with the Company that:

         11.1 Agent is a corporation  duly  incorporated  and existing under the
laws of the state of Georgia.  Agent is registered with the Securities  Exchange
Commission and the NASD and is authorized to receive the  compensation  from the
Company provided hereunder.

         11.2  All  corporate  actions  by  Agent  required  for the  execution,
delivery and  performance of this  Agreement have been taken.  The execution and
delivery of this Agreement by the Agent, the observance and performance thereof,
and  the  consummation  of  the  transactions  contemplated  herein  or  in  the
Memorandum  do not and will not  constitute a material  breach of, or a material
default under, any instrument or agreement by which the Agent is bound, and does
not and will not, to the best of the Agent's knowledge,  contravene any existing
law,  decree or order  applicable to it. This Agreement  constitutes a valid and
binding agreement of Agent, enforceable in accordance with its terms.

         11.3  Agent  understands  that the  Company  is  relying  upon  Agent's
representations  and warranties in connection  with the Offering and the sale of
the Securities contemplated by this Agreement.

         11.4 Agent's representations and warranties under this Section shall be
true and correct as of each Closing, and shall survive each Closing for a period
of six months.

         11.5 No Short Sales of the Common  Stock.  The Agent shall not directly
or  indirectly  engage  in any short  sales or third  party  short  sales of the
Company's  Common Stock or hold a "put equivalent  position" with respect to the
Common  Stock (as  defined  in Rule 16a-1  under the 1934 Act).  Notwithstanding
anything  contained  to the  contrary  in this  section,  in the event  that the
Company enters into a private  placement  transaction  (other than in connection
with  employee  benefit  plans,  employee  or  consultant  compensation,  or  in
connection with mergers and acquisitions)  which permits the investors rights to
engage in short  sales of  Common  Stock,  the  restrictions  contained  in this
section shall be  automatically  modified to permit the Agent to engage in short
sales of Common Stock  substantially to the extent permitted by the Company with
respect to such private placement investors.

         12. Notices. Except as otherwise expressly provided in this Agreement:

                                       9
<PAGE>

         12.1 Whenever notice is required by the provisions of this Agreement to
be given to the  Company,  such  notice  shall be in writing,  addressed  to the
Company, at:

         If to Company:             1101 Northpoint Parkway
                                    West Palm Beach, Florida 33407
                                    Telephone:  (561) 478-5625
                                    Facsimile:   (561) 688-8784

         With a copy to:            Ruben & Aronson, LLC.
                                    3329 K Street, N.W. # 40
                                    Washington, D.C.  20007
                                    Attn: Robert L. Ruben, Esq.
                                    Telephone:  (202) 965-3600
                                    Facsimile:    (202) 965-3700

         12.2 Whenever notice is required by the provisions of this Agreement to
be given to the Agent,  such notice shall be given in writing,  addressed to the
Agent, at:

         If to the Agent:           J.P. Carey Securities, Inc.
                                    Atlanta Financial Center, East Tower
                                    3343 Peachtree Road, Suite 500
                                    Atlanta, Georgia 30326
                                    Telephone:  (404) 816-5339
                                    Facsimile:    (404) 816-6268

         with a copy to:            Raymond L. Moss, Esq.
                                    Sims Moss Kline & Davis LLP
                                    400 Northpark Town Center, Suite 310
                                    1000 Abernathy Road, N.E.
                                    Atlanta, Georgia 30328
                                    Telephone:   (770) 481-7201
                                    Facsimile:    (770) 481-7210

         12.3 Any notice  instructing  the Escrow Agent to distribute  monies or
Securities  held in  Escrow  must be  signed  by  authorized  agents of both the
Company and the Agent in order to be valid.

         13.      Miscellaneous.
                  -------------

         13.1  Benefit.  This  Agreement  is made  solely for the benefit of the
Agent  and  the  Company,  their  respective  officers  and  directors  and  any
controlling  person  referred  to in Section 15 of the Act and their  respective
successors and assigns,  and no other person may acquire or have any right under
or by virtue of this Agreement,  including,  without limitation,  the holders of
any  Securities.  The term  "successor" or the term  "successors and assigns" as
used in this Agreement shall not include any purchasers,  as such, of any of the
Securities.

         13.2 Survival. The respective indemnities, agreements, representations,
warranties,  covenants and other statements of the Company and the Agent, or the
officers,  directors or controlling  persons of the Company and the Agent as set
forth in or made pursuant to this Agreement and the indemnity  agreements of the
Company and the Agent  contained in Section 7 hereof shall survive and remain in
full force and effect,  regardless of (i) any investigation made by or on behalf
of the Company or the Agent or any such officer,  director or controlling person
of the Company or of the Agent;  (ii) delivery of or payment for the Securities;

                                       10
<PAGE>

or (iii) the Closing Date,  and any successor of the Company or the Agent or any
controlling  person,  officer or director thereof,  as the case may be, shall be
entitled to the benefits hereof.

         13.3 Governing Law. The validity,  interpretation  and  construction of
this  Agreement  and of each party  hereof  will be  governed by the Laws of the
State of Georgia. This Agreement and each Warrant Certificate hereunder shall be
governed by and interpreted in accordance with the laws of the State of Delaware
without  regard to the  principles  of conflict of laws.  . The parties  further
agree  that any action  between  them shall be heard in  Atlanta,  Georgia,  and
expressly  consent to the jurisdiction and venue of the Superior Court of Fulton
County,  Georgia, and the United States District Court for the Northern District
of  Georgia,  Atlanta  Division  for the  adjudication  of any  action  asserted
pursuant to this Paragraph.

         13.4  Counterparts.  This  Agreement  may be  executed in any number of
counterparts,  each of which may be deemed an original and all of which together
will constitute one and the same instrument.

         13.5 Confidential  Information.  All confidential financial or business
information  (except  publicly  available or freely  usable  material  otherwise
obtained from another source) respecting either party will be used solely by the
other party in  connection  with the within  transactions,  be revealed  only to
employees or contractors of such other party who are necessary to the conduct of
such transactions, and be otherwise held in strict confidence.

         13.6 Public  Announcements.  Except as  required  by law,  prior to the
Closing Date, neither party hereto will issue any public announcement concerning
the within transactions without the approval of the other party.

         13.7  Finders.  The parties  acknowledge  that no person has acted as a
finder in connection  with the  transactions  contemplated  herein and each will
agree to indemnify  the other with respect to any other claim for a finder's fee
in connection  with the offering.  However,  the Company  represents that it has
separately engaged, at its own cost and expense, Alexander,  Wescott & Co., Inc.
on an  non-exclusive  basis  in  connection  with the  Offering  and  agrees  to
indemnify and hold Agent  harmless for any  commissions,  fees or other expenses
due or payable by the Company to Alexander, Wescott & Co., Inc..

         13.8  Recitals.  The  recitals to this  Agreement  are a material  part
hereof,  and each recital is  incorporated  into this Agreement by reference and
made a part of this Agreement.

         13.9 Entire  Agreement;  Merger;  Amendments.  This  Agreement  and the
agreements  referred to herein  constitute  the entire  agreement of the parties
hereto with respect to the subject matter and supersedes all other prior oral or
written  agreements  between the parties.  No provision of this Agreement may be
waived or amended other than by an  instrument in writing  signed by the parties
hereto.

                  [REMAINDER OF PAGE LEFT INTENTIONALLY BLANK]

                                       11

<PAGE>

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

                                "THE COMPANY"
                                SAF T LOK INCORPORATED

                                By:
                                    -----------------------------------------
                                Name:
                                    -----------------------------------------
                                Title:
                                    -----------------------------------------

                                "THE AGENT"
                                J.P. CAREY SECURITIES, INC.

                                By:
                                    -----------------------------------------
                                Name:
                                    -----------------------------------------
                                Title:
                                    -----------------------------------------

                                       12

<PAGE>

                                   EXHIBIT "A"

                               (Escrow Agreement)

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